Company: IXHL
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001213900-25-036057
Chunk: 68

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 68
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 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 Section 13of 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 “ Fiscal Year”) 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 -outstandingshares of common stock on such dates (each, an “ Evergreen Increase”); 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 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 Section 5(c)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 -employeedirector, when taken together with any cash fees paid to such non -employeedirector during such year in respect of his or her Service as a non -employeedirector (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); providedthat the non -employeedirect