Company: IXHL
Filing Date: 2025-10-27
Form Type: DEF 14A
Source: 0001213900-25-102654
Chunk: 34

Company: Incannex Healthcare Inc.
Filing Date: 2025-10-27
Form: DEF 14A
Chunk 34
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 distribution, Awards under the Amended 2023 Plan are generally nontransferable prior to vesting and are exercisable only by the participant. With regard to tax withholding obligations arising in connection with Awards under the 2023 Plan and exercise price obligations arising in connection with the exercise of stock options under the 2023 Plan, the Committee may, in its discretion, accept cash, wire transfer, or check, shares of our common stock that meet specified conditions (a market sell order) or such other consideration as it deems suitable or any combination of the foregoing. 2023 Plan amendment and termination.The board of directors may amend, suspend, or terminate the 2023 Plan at any time; however, the Company will obtain stockholder approval of any amendment to the 2023 Plan if such approval is necessary to comply with any tax or regulatory requirement applicable to the 2023 Plan (including, without limitation, as necessary to comply with any rules or requirements of any securities exchange or inter-dealer quotation system on which the shares may be listed or quoted). No amendment, suspension or termination of the 2023 Plan can, without the consent of the participant, materially and adversely affect the rights of any participant under his or her outstanding Award(s). No award may be granted pursuant to the 2023 Plan after the tenth anniversary of the date on which our board of directors adopted the 2023 Plan. Duration of 2023 Plan.The 2023 Plan will expire by its terms on November 20, 2033. 23 REPORT OF AUDIT COMMITTEE The audit committee of the board of directors, which consists entirely of directors who meet the applicable independence and experience requirements of The Nasdaq Stock Market and SEC regulations, has furnished the following report: The audit committee assists the board of directors in overseeing and monitoring the integrity of our financial reporting process, compliance with legal and regulatory requirements and the quality of internal and external audit processes. This committee’s role and responsibilities are set forth in our charter adopted by the board of directors, which is available on our website at www.incannex.com. This committee reviews and reassesses its charter annually and recommends any changes to the board of directors for approval. The audit committee is responsible for overseeing our overall financial reporting process, and for the appointment, compensation, retention, and oversight of the work of Grant Thornton Audit Pty Ltd (“Grant Thornton”), our independent registered public accounting firm. Grant Thornton served as our independent public accounting firm for the fiscal year ended June 30, 2025. In fulfilling