Company: IXHL
Filing Date: 2025-04-16
Form Type: S-1/A
Source: 0001213900-25-032577
Chunk: 49

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-16
Form: S-1/A
Chunk 49
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 other capacity in which service was or is rendered by such indemnitee, including service to an employee benefit plan) shall be made only upon delivery to us of an undertaking by or on behalf of such indemnitee, to repay all amounts so advanced if it shall ultimately be determined by final judicial decision from which there is no further right to appeal that such indemnitee is not entitled to be indemnified for such expenses under our Bylaws or otherwise.

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Indemnification Agreements and Insurance Matters

In addition, we have entered
into indemnification agreements with each of our current directors and executive officers. These agreements require us to indemnify these
individuals to the fullest extent permitted under Delaware law against liabilities that may arise by reason of their service to us and
to advance expenses incurred as a result of any proceeding against them as to which they could be indemnified. We also intend to enter
into indemnification agreements with our future directors and executive officers.

We also maintain standard
policies of insurance under which coverage is provided to our directors and officers against losses arising from claims made by reason
of breach of duty or other wrongful act, and to us with respect to payments which may be made by us to such directors and officers pursuant
to the above indemnification provisions or otherwise as a matter of law.

The above discussion of our
amended and restated certificate of incorporation, as amended, our amended and restated bylaws, our indemnification agreements with our
current directors and executive officers and Sections 102 and 145 of the DGCL is not intended to be exhaustive and is respectively qualified
in its entirety by such amended and restated certificate of incorporation, such amended and restated bylaws, such indemnification agreements
and such statutes.

To the extent that our directors,
officers and controlling persons are indemnified under the provisions contained in our amended and restated certificate of incorporation,
as amended, Delaware law or contractual arrangements against liabilities arising under the Securities Act, we have been advised that in
the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act
and is therefore unenforceable.

Item 15. Recent Sales of Unregistered Securities

On November 28, 2023, the
Company acquired all the outstanding ordinary shares of Incannex Australia, pursuant to a scheme of arrangement under Australian law.
Until the redomiciliation, Incannex Australia’s ordinary shares were listed on the Australian Securities