Company: IXHL
Filing Date: 2025-03-24
Form Type: S-3
Source: 0001013762-25-001587
Chunk: 28

Company: Incannex Healthcare Inc.
Filing Date: 2025-03-24
Form: S-3
Chunk 28
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 for a breach of fiduciary duty as a director, except where the
director breached his duty of loyalty, failed to act in good faith, engaged in intentional misconduct or knowingly violated a law, authorized
the payment of a dividend or approved a stock repurchase in violation of Delaware corporate law or obtained an improper personal benefit.

Section 145 of the DGCL provides
that a corporation has the power to indemnify a director, officer, employee, or agent of the corporation, or a person serving at the request
of the corporation for another corporation, partnership, joint venture, trust or other enterprise in related capacities against expenses,
including attorneys’ fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection
with an action, suit or proceeding to which he was or is a party or is threatened to be made a party to any action, suit or proceeding
by reason of such position, if such person acted in good faith and in a manner he reasonably believed to be in or not opposed to the best
interests of the corporation, and, in any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful,
except that, in the case of actions brought by or in the right of the corporation, no indemnification shall be made with respect to any
claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent
that the Court of Chancery or other adjudicating court determines that, despite the adjudication of liability but in view of all of the
circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or
such other court shall deem proper.

Amended and Restated Bylaws

Our amended and restated bylaws
provide that we will indemnify each person who was or is a party or threatened to be made a party to any action, suit or proceeding, whether
civil, criminal, administrative or investigative by reason of the fact that he or she is or was, or is or was serving at our request,
as a director, officer, employee, agent or trustee of, or in a similar capacity with, another corporation, partnership, joint venture,
trust or other enterprise (all such persons being referred to as an “Indemnitee”), or by reason of any action alleged to have
been taken or omitted in such capacity, against all expense, liability and loss (including attorneys’