Company: IXHL
Filing Date: 2025-04-07
Form Type: 424B5
Source: 0001213900-25-029414
Chunk: 56

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-07
Form: 424B5
Chunk 56
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 default for a period of 30 days (unless the entire amount of the payment is deposited by us with the trustee or 
 with a paying agent prior to the expiration of the 30-day period);                                                                      |

| ● | default in the payment of principal of any debt security of that series at its maturity; |

| ● | default in the performance or breach of any other covenant or warranty by us in the indenture or any debt                                     
 security (other than a covenant or warranty that has been included in the indenture solely for the benefit of a series of debt securities     
 other than that series), which default continues uncured for a period of 60 days after we receive written notice from the trustee or Incannex 
 and the trustee receive written notice from the holders of not less than 25% in principal amount of the outstanding debt securities of        
 that series as provided in the indenture;                                                                                                     |

| ● | certain voluntary or involuntary events of bankruptcy, insolvency or reorganization of Incannex; or |

| ● | any other Event of Default provided with respect to debt securities of that series that is described in 
 the applicable prospectus supplement.                                                                   |

No Event of Default with
respect to a particular series of debt securities (except as to certain events of bankruptcy, insolvency or reorganization) necessarily
constitutes an Event of Default with respect to any other series of debt securities. The occurrence of certain Events of Default or an
acceleration under the indenture may constitute an event of default under certain indebtedness of ours or our subsidiaries outstanding
from time to time.

We will provide the trustee
written notice of any Event of Default within 30 days of becoming aware of the occurrence of such Event of Default, which notice will
describe in reasonable detail the status of such Event of Default and what action we are taking or propose to take in respect thereof.

If an Event of Default with
respect to debt securities of any series at the time outstanding occurs and is continuing, then the trustee or the holders of not less
than 25% in principal amount of the outstanding debt securities of that series may, by a notice in writing to us (and to the trustee if
given by the holders), declare to be due and payable immediately the principal of (or, if the debt securities of that series are discount
securities, that portion of the principal amount as may be specified in the terms of that series) and accrued and unpaid interest, if
any, on all debt securities of that series. In