Company: IXHL
Filing Date: 2025-04-17
Form Type: PRER14A
Source: 0001213900-25-033013
Chunk: 71

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-17
Form: PRER14A
Chunk 71
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 that may
be issued under the Plan pursuant to Incentive Stock Options exceed the aggregate number of 300,000,000 Common Shares plus, to the extent
allowable under Code Section 422 and the regulations promulgated thereunder, any Common Shares that again become available for issuance
pursuant to of the Plan; and (iv) the maximum number of Common Shares that may be granted under the
Plan during any single fiscal year to any Participant who is a non-employee director, when taken together with any cash fees paid to such
non-employee director during such year in respect of his or her Service as a non-employee director (including Service as a member or chair
of any committee of the Board), shall not exceed $750,000 in total value (calculating the value of any such Awards based on the grant
date fair value of such Awards for financial reporting purposes); that the non-employee directors who are considered
independent (under the rules of The NASDAQ Stock Market or other securities exchange on which the Common Shares are traded) may make exceptions
to this limit for a non-executive chair of the Board, if any, in which case the non-employee Director receiving such additional compensation
may not participate in the decision to award such compensation.”

2. Unless otherwise expressly provided for in this Amendment to the Plan (this “Amendment”), all capitalized words, phrases, or defined terms used in this Amendment will have the same meaning ascribed to them in the Plan.

3. Except as expressly set forth in this Amendment, there have been no other changes or modifications to the Plan, and the Plan remains otherwise unchanged and in full force and effect.

4. This Amendment shall be effective as of [●], 2025.

IN WITNESS WHEREOF, the undersigned
has caused this Amendment to be executed effective as of the date set forth above.

| INCANNEX HEALTHCARE INC., |
| By:                       |
| Name:                     |
| Title:                    |

<div align='center'>B-1

APPENDIX C

CERTIFICATE OF AMENDMENT
OF
AMENDED AND RESTATED CERTIFICATE OF INCORPORATION</div>

The corporation organized and existing under the General Corporation Law of the State of Delaware, hereby certified that:

FIRST: The name of the corporation is Incannex Healthcare Inc.(the “ Corporation”).

SECOND: The Amended and Restated Certificate of Incorporation of the Corporation, as amended to date, is hereby further