Company: BDRX
Filing Date: 2025-01-08
Form Type: 424B3
Source: 0001214659-25-000306
Chunk: 95

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-08
Form: 424B3
Chunk 95
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 or otherwise (in each
case in accordance with the terms hereof). Certain capitalized terms used herein are defined in Section (10). The Issuance Date is the
date of the first issuance of this Promissory Note (the “”) regardless of the number of transfers and regardless
of the number of instruments, which may be issued to evidence such Note. This Note was issued with a 10% original issue discount.

(1)

(a) .
On the Maturity Date, the Company shall pay to the Holder an amount in cash representing all outstanding Principal, accrued and unpaid
Interest, and any other amounts outstanding pursuant to the terms of this Note. The “” shall be the one
(1) year anniversary of the Issuance Date, as may be extended with the prior written consent of the Holder.

(b) . Interest shall accrue on the outstanding Principal balance hereof at an annual rate equal to 5% (“”),
which Interest Rate shall increase to an annual rate of 18% upon an Event of Default for so long as it remains uncured. Interest shall
be calculated based on a 365-day year and the actual number of days elapsed, to the extent permitted by applicable law.

(c) .
On or before each date (each, an “”) set forth on the repayment schedule attached hereto as (the “”), the Company shall repay a portion of the outstanding balance of this Note in cash,
in an amount equal to the Principal amount set forth on the Repayment Schedule as of such Installment Date, minus any amount pre-paid
prior to the Installment Date, plus all accrued and unpaid Interest on this Note as of such Installment Date (collectively, the “”). The Repayment Schedule may be modified from time to time upon mutual consent.

(d) .
Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment shall be made on the
next succeeding Business Day.

(e) . The
Company may prepay at any time and from time to time, in whole or in part, the outstanding Principal balance and accrued interest on the
Principal amount being prepaid to the date of repayment without premium or penalty. For the avoidance of doubt, any amount prepaid shall
reduce the outstanding Installment Amount due on such Installment Date immediately following the prepayment.

(2) .

(a) An “”, wherever used herein, means any one of the following events (whatever the reason and whether it shall be voluntary
or involuntary or effected