Company: IXHL
Filing Date: 2025-03-18
Form Type: PRE 14A
Source: 0001213900-25-024754
Chunk: 19

Company: Incannex Healthcare Inc.
Filing Date: 2025-03-18
Form: PRE 14A
Chunk 19
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 exercise price of a Series A Warrants (adjusted for any exercises
by a holder prior to this adjustment) will remain unchanged following such adjustment. No adjustment in connection with a Release Date
or otherwise may result in an adjustment of the exercise price to a price less than the Floor Price.

: If, for any reason, less than all of the securities sold pursuant to the Purchase Agreement have been registered
for resale prior to the expiration of the 90-day period immediately following the trading day during which the Company files a Current
Report on Form 8-K giving public notice of the approval of the Warrant Stockholder Approval, then a Series A Warrant holder, with respect
to itself only, will have the right in its sole and absolute discretion, to deem that the Release Date has occurred with respect to such
portion of a Series A Warrant as the holder determines and an Adjustment Date shall apply to that portion of the Series A Warrant. Any
portion of a Series A Warrant not previously subject to an adjustment as a result of an exercise by the Holder in accordance with the
previous sentence, will remain subject to a future adjustment in in connection with a Release Date. No partial adjustment may result in
an adjustment of the exercise price to a price less than the Floor Price.

: If at any time during the term of the Series A Warrants there occurs
any share split, reverse share split, share dividend, share combination recapitalization or other similar transaction involving the shares
of our common stock (each, a “Share Combination Event”, and such date on which the Share Combination Event is effected, the
“Share Combination Event Date”) and the lowest dollar volume-weighted average price per share of our common stock during the
period commencing on the trading day immediately following the applicable Share Combination Event Date and ending on the fifth trading
day immediately following the applicable Share Combination Event Date (the “Event Market Price”) (provided if the Share Combination
Event is effective prior to the opening of trading on the market on which shares of our common stock are then traded, then, commencing
on the Share Combination Event Date and ending on the fourth trading day immediately following the applicable Share Combination Event
Date (such period, the “Share Combination Adjustment Period”)) is less than the exercise price then in effect (after giving
effect to the adjustment for such event), then, at the close of trading on the last day of the Share Combination Adjustment Period, the
exercise price then in effect on such fifth trading day will