Company: IXHL
Filing Date: 2025-04-17
Form Type: PRER14A
Source: 0001213900-25-033013
Chunk: 70

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-17
Form: PRER14A
Chunk 70
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 the Delaware General Corporation Law. |

| 4. | This Certificate of Amendment has been duly authorized, adopted and approved by the Corporation’s Board of Directors in accordance 
 with the provisions of Sections 141 and 242 of the Delaware General Corporation Law.                                               |

IN WITNESS WHEREOF, Incannex Healthcare Inc. has
caused this Certificate of Amendment to be signed by its duly authorized officer of the Corporation, on ____________.

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

<div align='center'>A-1

APPENDIX B

AMENDMENT NO. 1

TO

INCANNEX HEALTHCARE INC.

2023 EQUITY INCENTIVE PLAN</div>

In accordance with those certain
resolutions adopted by the Board of Directors and stockholders of Incannex Healthcare Inc., a Delaware corporation (the “Company”),
the Incannex Healthcare Inc. 2023 Equity Incentive Plan (the “Plan”) is hereby amended as follows:

1. Section 5(b) of the Plan is hereby amended and restated in its entirety to increase the number of shares of the Company’s common stock, par value $0.0001 per share, reserved for issuance under the Plan as follows:

“(b) Subject to of the Plan, Awards granted under the Plan shall be subject to the following limitations: (i) the Committee is authorized
to deliver under the Plan an aggregate of 7,700,00 Common Shares; (ii) the Common Shares shall increase automatically on September 30,
2025 in an amount equal to 20% of the then outstanding Common Shares on September 30, 2025, and will further increase on the first day
of each fiscal year of the Company (each, a “”) beginning with the 2026 Fiscal Year commencing on July 1,
2026 and ending on (and including) the first day of the 2032 Fiscal Year commencing on July 1, 2032, in an amount equal to 5% of the then-outstanding
shares of common stock on such dates (each, an “”); provided, however, that the Board may act to
provide that there will be no Evergreen Increase for a Fiscal Year, or that the Evergreen Increase for such Fiscal
Year will be a lesser number of shares of common stock; (iii) in no event shall the maximum aggregate number of Common Shares