Company: IXHL
Filing Date: 2025-04-17
Form Type: PRER14A
Source: 0001213900-25-033013
Chunk: 47

Company: Incannex Healthcare Inc.
Filing Date: 2025-04-17
Form: PRER14A
Chunk 47
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 which Awards may be granted under the Amended 2023 Plan and (B) the terms of any
outstanding Award, including, without limitation, (1) the number of shares or other securities of the Company (or number and kind
of other securities or other property) subject to outstanding Awards or to which outstanding Awards relate, (2) the exercise price
with respect to any Award, or (3) any applicable performance measures.

Treatment of Awards Upon a Change in Control.In
the event of a “change in control” of the Company, as defined in the Amended 2023 Plan, then unless otherwise provided in
an award agreement, the Committee may, in its sole discretion: (i) cancel awards for a cash payment equal to their fair value (as
determined in the sole discretion of the Committee), (ii) provide for the issuance of replacement awards, (iii) terminate stock
options without providing accelerated vesting, (iv) immediately vest the unvested portion of any Award or (v) take any other
action with respect to the awards the Committee deems appropriate. The treatment of Awards upon a change in control may vary among participants
and types of awards in the Committee’s sole discretion. Awards subject to performance goals shall be settled upon a “change
in control” of the Company based upon the extent to which the performance goals underlying such awards have been achieved as determined
in the sole discretion of the Committee.

Clawback provisions, transferability, and participant payments.All Awards will be subject to the provisions of any clawback policy implemented by the Company and
to the extent set forth in such clawback policy or in the applicable Award agreement. With limited exceptions according to the laws of
descent and distribution, Awards under the Amended 2023 Plan are generally nontransferable prior to vesting and are exercisable only by
the participant. With regard to tax withholding obligations arising in connection with Awards under the Amended 2023 Plan and exercise
price obligations arising in connection with the exercise of stock options under the Amended 2023 Plan, the Committee may, in its discretion,
accept cash, wire transfer, or check, shares of our common stock that meet specified conditions (a market sell order) or such other consideration
as it deems suitable or any combination of the foregoing.

Amended 2023 Plan amendment and termination.The
board of directors may amend, suspend, or terminate the Amended 2023 Plan at any time; however, the