Document:

Exhibit 4.3

 

 

 

Services Agreement

 

This Agreement is made between lncannex Healthcare Limited ACN
096 635 246 of Level 39, Rialto South Tower, 525 Collins Street, Melbourne, Victoria 3000 (IHL or us) and Madhukar (Madhu)
Bhalla of 4 Delgado Parade, lluka, WA 6028 (you).

 

 

Recitals/ Background matters

 

		A.	IHL requires performance of the Services.

 

		B.	You, and your personnel, are experienced in the provision of the Services.

 

		C.	IHL agrees to engage you to provide the Services, for your and IHL’s mutual benefit, on the terms of this Agreement.

 

 

You and IHL agree as follows:

 

		1.	Definitions

 

		1.1	The terms defined in clause 15, and their definitions, apply throughout this Agreement.

 

		2.	Services

 

		2.1	These standing terms commence on the Commencement Date and continue until termination of this Agreement in accordance with clause
12.

 

		2.2	From time to time IHL may issue you a Purchase Order, on the standing terms and conditions of this Agreement and otherwise on such
terms as IHL sees fit, identifying at least the particular Services it requires you to provide, the fee and the timeframe for delivery
of the Services described in the Purchase Order in question.

 

		2.3	If you accept any Purchase Order, you agree that you and your personnel will provide the Services described in that Purchase Order,
on the standing terms and conditions of this Agreement and any additional terms and conditions set out in the Purchase Order.

 

		2.4	In the event of any inconsistency between this Agreement and the terms and conditions set out in the Purchase Order, this Agreement
prevails to the extent of the inconsistency.

 

		2.5	You acknowledge that:

 

		(a)	you are solely responsible for determining how you and your personnel provide any Services, based on your experience and expertise;

 

		(b)	IHL’s need for Services, and the nature and extent of the Services required, will vary from time to time;

 

		(c)	IHL does not guarantee that it will require any particular level of Services or that you will receive any particular amounts over
the life of this Agreement; and

 

		(d)	IHL relies entirely on your expertise in providing the Services.

 

    

     

    

 

		2.6	In entering into this Agreement you acknowledge, warrant and represent that:

 

		(a)	you, and your personnel, do not owe any obligation to any person or entity that does or might:

 

		(i)	prevent you from providing the Services from the Commencement Date; or

 

		(ii)	interfere with the performance of any of your obligations under this Agreement;

 

		(b)	you and your personnel have all skills, experience, competence, expertise and, as necessary, all qualifications and licences required
or helpful to provide all aspects of the Services, and without limiting clause 3.1, you will (and will ensure that your personnel) provide
all Services to the standard, and in any way reasonable, necessary or helpful, to fulfil all corporate duties that IHC’s company secretary
owes it;

 

		(c)	IHL has not made, and you have not relied on, any representation or statement to you, to the effect that you are an independent contractor,
and have instead made your own assessment of whether you are a contractor and, based on that assessment, you have concluded that you operate
your own business supplying the Services;

 

		(d)	you will carry out all Services in an efficient manner to the highest professional standard for the benefit of your business and for
the benefit of our business, promptly and with all due care, skill, competence and diligence, in a manner consistent with any duty you
bear as an officeholder under any legislation;

 

		(e)	the fee has been set to compensate you, at a commercial rate, for the Services; and

 

		(f)	you have taken such advice as you see fit about your business affairs and this Agreement.

 

		3.	Your business is your business

 

		3.1	You operate your own business and as an independent contractor and we rely heavily on your expertise and knowledge and your decisions
about how you provide the Services. We do not tell you or your personnel what to do or how to do what you do or control how you provide
the Services or how you complete any Purchase Order, and in return, we do not underwrite your business.

 

		3.2	You rely on your own professional advice and make your own decisions about your business, what structures are best for you and any
tax deductions available lo you. We do not give you advice.

 

		3.3	Nothing in this Agreement prevents you working for any other business during the No Dealing Period, so long as your other activities
do not:

 

		(a)	interfere with the provision or quality of the Services or your performance of any duty you bear as an officeholder under any legislation;

 

		(b)	conflict with our interests or the interests of any Client; or

 

		(c)	breach clause 13.

 

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		3.4	Before you take up any other opportunity during the No Dealing Period you will inform us of the opportunity and you acknowledge that
this disclosure is essential to help us ensure we are aware of, and can manage, any conflict and avoid any unexpected surprises.

 

		4.	You are not our employee

 

		4.1	You acknowledge and agree that:

 

		(a)	you are not our employee and your personnel are not our employees, and nothing in this Agreement makes you or any personnel our employee;

 

		(b)	nothing in clause 2.6(b) or clause 2.6(d), or any act you perform or any Services you (or your personnel) provide, suggests or creates
any relationship of employment between you and IHL;

 

		(c)	instead, this Agreement creates the relationship of principal and independent contractor and does not constitute: (i) a joint venture;
(ii) a partnership between you and IHL; or (iii) a relationship of agency between you and IHL; and

 

		(d)	you must not, on our behalf: (i) make any agreement, representation or commitment; or (ii) hold out to any person that you have any
authority to make any agreement, representation or commitment on our behalf.

 

		4.2	Instead, as an independent contractor you are solely responsible for compliance with any and all industrial awards and any and all
laws and responsible for and indemnify us against:

 

		(a)	all typical benefits of employment, in respect of you and all of your personnel; and

 

		(b)	all findings of employment or that you, or your personnel (or any of them), are our employee and all consequential or related claims,
including: (i) all claims for any typical employment benefits; and (ii) to the fullest extent permissible, any penalty.

 

		5.	Fees

 

		5.1	We will pay you the fee for providing the Services, subject to this clause. The Purchase Order for the Services in question will set
out the fee.

 

		5.2	Except to the extent that the fee specified in it has already been paid, we will pay a Valid Invoice within 45 days from the date
on which you give us a Valid Invoice (in any manner we notify to you from time to time).

 

		5.3	We are not obliged to pay you any part of the fee unless and until you have issued a Valid Invoice that nominates the Purchase Order,
or for any additional costs and expenses in relation to the Services unless the additional costs and expenses are Approved Expenses.

 

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		5.4	You agree to give us, promptly, any additional information or documentary evidence we ask for, to help us assess whether you have
submitted a Valid Invoice (or an invoice purporting to be a Valid Invoice).

 

		5.5	Unless provided elsewhere in this Agreement, we are not required to pay interest on the amount of any invoice, and you agree that
this clause overrides all other arrangements that may appear or be referred to in any other terms or conditions.

 

		6.	GST

 

		6.1	This Agreement deems any amount payable to you as contemplated by a Purchase Order or this Agreement, lo be expressed on a GST-exclusive
basis unless it is expressly slated otherwise in this Agreement or a Valid Invoice. To achieve this, if:

 

		(a)	an amount payable to you and specified in, or calculated in accordance with, this Agreement is not taken to be expressed on a GST
exclusive basis; and

 

		(b)	the amount is consideration for a supply which is a taxable supply under A New Tax System (Goods and Services Tax) Act 1999 (Cth),

 

then, despite anything else in this Agreement , the amount
payable to you is 110% of the amount.

 

		6.2	You warrant that if you are required to registered for GST under A New Tax System (Goods and Services Tax) Act 1999 (Cth) at
any time you provide any Services, you will register and remain registered for GST throughout the Term.

 

		7.	Impact of certain deeming laws

 

		7.1	This clause applies if you have chosen not to trade through your own company. While we respect your election, it does mean that Stale
and Federal deeming laws may require us to deduct and remit amounts in respect of Charges, as if you were an employee and you acknowledge
that this is an external requirement imposed on us by law, and does not indicate or create employment.

 

		7.2	To ensure that we comply with all deeming laws relating to Charges, we will:

 

		(a)	withhold and remit, from any fee payable to you in respect of any Services:

 

		(i)	the required income tax, if any (such as PAYG witholding), and you agree to provide to us your tax file number so we can comply with
the applicable deeming laws that bind us; and

 

		(ii)	superannuation contributions on your behalf to a complying superannuation fund of your choice or, if you do not nominate such a fund,
our default fund; and

 

		(b)	maintain statutory workers’ compensation cover on your behalf.

 

		7.3	Without limiting clause 7.2, you authorise and direct us to make all such deductions and remittances and acknowledge and agree that
our compliance with those laws does not create an employment relationship between you and us and is instead only a reflection of our compliance
with the law.

 

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		7.4	You acknowledge and agree that you will:

 

		(a)	maintain, at all times, public liability insurance to a value of at least AUD10million;

 

		(b)	comply with all taxation obligations, including (as applicable) GST and PAYG obligations; and

 

		(c)	within 48 hours of request, give us evidence that you comply with these obligations, including a copy of all policies of insurance,
receipts for premiums paid, and certificates of currency.

 

		8.	Confidentiality

 

		8.1	You are a service provider to our business, and you recognise that we rely on you heavily to protect our business interests, including
our business relationships with Affected Persons and our confidential information and IP. To help you provide the Services we give you
access to confidential information about us and our Clients. That information would be a significant advantage to a competitor, and you
acknowledge our need to protect it and our relationship with Affected Persons.

 

		8.2	For so long as it remains confidential (during and after this Agreement is in effect), you must not use or disclose any confidential
information. and will use all best endeavours to prevent the publication, use or disclosure, by anyone (including anyone else) of any
confidential information, except:

 

		(a)	for our benefit;

 

		(b)	as necessary to provide any Services;

 

		(c)	as required by law, so long as you notify IHL immediately upon becoming aware that you will be required to disclose any confidential
information;

 

		(d)	to professional advisers to obtain advice for our benefit; or

 

		(e)	to enforce this Agreement.

 

		8.3	Upon the termination of this Agreement for any reason, you will deliver to us or our authorised representative, without any further
demand:

 

		(a)	all documents and records, including all copies of documents, records however they are stored in your possession, custody or control
containing or relating in any way to Confidential Information; and

 

		(b)	all other property of IHL, any Related Body Corporate or any Affected Person.

 

		9.	Inventions, IP and IP Rights

 

		9.1	By entering into this Agreement, you irrevocably grant IHL a licence to use all IP Rights in all Works in perpetuity, without any
cost to IHL other than the fee. Except as set out in this clause, we have no interest in any of your IP Rights.

 

		10.	Work Health and Safety

 

		10.1	As an independent contractor, you recognise that you are primarily responsible for your own WHS and the WHS of all of your personnel,
because you alone control how your personnel perform any Services, and that, as a result, we rely on you to identify, assess and manage
all risks involved in providing all or any Services.

 

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		11.	Indemnity

 

		11.1	Subject to applicable laws and without limiting clauses 3, 4 or 8, you are solely liable for, and indemnify us against all claims
made against us in relation to:

 

		(a)	how you conduct your business or how you perform the Services;

 

		(b)	any act, omission or default by you in the provision (or non-performance) of any Services;

 

		(c)	your dealings with any person or entity you work with in the course of providing the Services;

 

		(d)	any use (or misuse) of any confidential information;

 

		(e)	any interference with contract;

 

		(f)	any breach of your obligations under this Agreement;

 

		(g)	all loss, damage or injury to persons or property caused by you; and

 

		(h)	all claims, actions, damage or loss that we incur or are liable for as a result of any Charge, including all claims of underpayment
or non-payment of any Charge.

 

		11.2	You acknowledge and agree that this clause survives the termination of this Agreement for any reason.

 

		12.	Terminating this Agreement

 

		12.1	Either you or IHL may terminate this Agreement and our relationship with you, immediately at any time, for any reason, by giving the
other party one (1) month’s written notice. You acknowledge and agree that:

 

		(a)	you are not entitled to any compensation or damages from us if we terminate this Agreement and our relationship with you for any reason
at any time; and

 

		(b)	the length of the notice period in this clause reflects the courteous approach our respective businesses adopt to working together,
and does not create or indicate employment.

 

		12.2	If this Agreement is terminated for any reason at any time:

 

		(a)	you must stop providing the Services immediately (or otherwise as agreed at the time);

 

		(b)	subject to clause 11, we will pay you all amounts due under this Agreement;

 

		(c)	you must return to us, immediately: (i) all of our property, including all records, files, correspondence, notes, papers, documents
and confidential information in your possession: (ii) all copies of all such property or any part of it; and (iii) an undertaking, in
terms acceptable to us, that all such property has been returned; and

 

		(d)	the termination does not affect the operation of any of your continuing obligation/s under this Agreement.

 

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		13.	Protecting our relationships with Affected Persons

 

		13.1	Without limiting clause 3.3, during the No Dealing Period you must not, directly or indirectly (including as an employee or through
any other business):

 

		(a)	canvass or solicit the custom of any Affected Person:

 

		(b)	accept any approach from, or approach, solicit, encourage or induce any Affected Person to:

 

		(i)	acquire, from anyone other than us, any Similar Services; or

 

		(ii)	engage or allow you to perform any Similar Services except through us;

 

		(c)	perform any Similar Services for any Affected Person;

 

		(d)	interfere with our relationship with any Affected Person or entice or assist any Affected Person to limit, reduce or cease their involvement
with us or our business, including by engaging you directly (without us); or

 

		(e)	attempt to do any act referred to in this clause or counsel, procure, encourage, assist or allow any person to do any act referred
to in this clause.

 

		13.2	You acknowledge and agree that:

 

		(a)	we have invested significantly to develop confidential information and relationships with Affected Persons, and have a critical business
need to protect those relationships and all confidential information:

 

		(b)	by virtue of providing the Services, you will acquire a detailed knowledge of confidential information and projects, products and
customers and have the opportunity to build relationships with Affected Persons;

 

		(c)	the nature of IHL’s business and the Services make IHL particularly susceptible to irreparable harm, damage or loss from unauthorised
use or disclosure of any Confidential Information;

 

		(d)	any use of any confidential information for someone else’s benefit could significantly and irreparably harm us or our business and
the restrictions in this clause are fundamental to our decision to engage you and give you the opportunity to provide the Services, so
each restriction in this Agreement on your ability to deal with Affected’ Persons and confidential information is: (i) reasonable, separate,
distinct and severable; (ii) reasonably necessary to protect our connection with Affected Persons; and (iii) to be given its maximum effect,
which is not greater than is reasonably necessary for the protection of our legitimate interests, given the nature of our business;

 

		(e)	the Restraints of Trade Act 1976 (NSW) and the laws of New South Wales govern all restrictions, including, in particular, the
No Dealing Period, and otherwise, the laws of the State or Territory in which you perform the Services govern this Agreement, and you
submit unconditionally to the non-exclusive jurisdiction of those courts;

 

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		(f)	if any restriction is held to be void or ineffective for any reason but would be treated as valid and effective if part of the wording
were deleted, the restriction will apply with such deletions or modifications as are necessary to make it valid and effective;

 

		(g)	the unenforceability of any restriction does not affect the enforceability of any other restriction and the overlapping nature of
any, or any particular, restrictions does not undermine or affect their validity or enforceability;

 

		(h)	damages may not be an adequate remedy for any breach of the restrictions contained in this Agreement

 

		(i)	and the remedies of injunction, specific performance and other equitable relief may be appropriate, particularly if you breach or
threaten to breach, or we believe that you are likely to breach, any of your obligations under this clause; and

 

		(j)	the fee we pay you for Services rendered is adequate consideration for all restrictions.

 

		14.	Personnel

 

		14.1	You warrant that before you allow any person to be involved in providing any Services, you will give IHL a copy of the Deed, executed
by that person. You acknowledge that this clause 14 and the Deed are fundamental to us and that we would not have entered into this Agreement
without the warranties and acknowledgments they contain.

 

		15.	Defined Terms

 

		15.1	The following terms, and their definitions, apply throughout this Agreement.

 

Affected Person means any person or other entity you
dealt with on our behalf during the last 12 months of your involvement with us, including each Client, employee, supplier and independent
contractor of IHL and IHL’s related and associated entities, and Affected Persons has a corresponding meaning.

 

Approved Expenses means any expense we have approved,
in writing, before it was incurred.

 

Client means each and any person:

 

		(a)	IHL provides any services, for payment or other reward; and

 

		(b)	you provide or have provided any Services pursuant to this Agreement, and Clients has a corresponding meaning;

 

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Charges means amounts that we are required to remit,
in respect of:

 

		(a)	tax, pursuant to Federal income tax laws;

 

		(b)	superannuation, pursuant to Federal superannuation laws;

 

		(c)	workers’ compensation, pursuant to State laws; and

 

and Charge has a corresponding meaning.

 

Commencement Date means 28th June, 2021.

 

confidential Information:

 

		(a)	means all information of a confidential nature (whether that information is provided verbally or by way of a document or other material
in human or machine readable form) or which is generally not known outside of IHL and which relates to IHL or its business;

 

		(b)	includes all information and all copies of information contained in or relating to:

 

		(i)	any Affected Person/sand all lists of contact details or preferences or our relationship with them, including fees and services provided;

 

		(ii)	the identity, details or affairs of any former, current or potential Clients, including all lists of the contact details of any of
them;

 

		(iii)	financial matters, such as actual, projected or anticipated financial performance, margins or profit;

 

		(iv)	all information disclosed to a Client or a related entity by any third party (including a client of a Client) under any agreement
that requires the client or related entity to keep that information confidential;

 

		(v)	details of any IP; and

 

		(vi)	all information designated as confidential, all information you know or ought to know is confidential, and all improvements, adaptations
or derivative works relating to any such information, made by or on behalf of you, solely or jointly with any other person; and

 

		(c)	does not include information that is in the public domain, except due to breach of your obligations under this Agreement.·

 

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Deed means the deed set out in the Schedule to this
Agreement.

 

fee means $5,000 (plus GST) each month, to be stated
in, or calculated in accordance with, the Purchase Order for the Services in question.

 

IP means intellectual property and includes any computer
program, software, hardware, discovery, invention or secret process or improvement in procedure made, developed or discovered by you arising
from or in the course of providing any services to us or any Client.

 

IP Rights means all existing and future intellectual
property rights throughout the world, including:

 

		(a)	all rights comprised in any copyright, trademarks, patents, designs, or similar rights, whether at common law or conferred by statute;

 

		(b)	all patents, copyright, registered designs, trademarks (whether or not registered or registerable) made, conceived, invented, procured
or suggested by you or to which you contribute or in the course of, or at the same time as, providing any Services, and all rights in
circuit layouts and the right to have confidential information kept confidential; and

 

		(c)	any application or right to apply for registration of any of those rights,

 

throughout the world for the full period of the rights and
all extensions.

 

No Dealing Period means for so long as you provide
and Services and thereafter, in the following order of priority, subject to the Restraints of Trade Act 1976 (NSW), for:

 

	 	
    (a)
	12
    months;
	(b)11 months;	(c)10 months;	(d)9 months;	(e)8 months;
	 	(f)	7 months;	(g)6 months;	(h)5 months;	(i)4 months;	(j)3 months.

 

Purchase Order means a purchase order that IHL issues
to you, on such terms as it sees fit, identifying the particular Services It requires you to provide.

 

Services means:

 

		(a)	specialist company secretary services and corporate services, provided to a professional standard and in any way helpful, reasonable
or necessary to fulfil all corporate duties that its company secretary owes to IHC; and

 

		(b)	any other particular services identified in any Purchase Order provided to you.

 

Similar Services means any services that are the same
as, or similar to, any Services you provided during the last 12 months, or the performance of which would require you to use, or be aided
by the use of, any confidential information.

 

typical benefits of employment means all incidents
of employment and all incidents of deemed employment under the deeming provisions of laws concerning superannuation, workers’ compensation,
tax and payroll tax, including (as applicable) all:

 

		(a)	wages, salary, allowances (including annual leave loading), penalty rates, overtime, commissions and bonuses:

 

		(b)	leave, including annual leave, personal/carer’s (including sick) leave, parental leave, long service leave and public holidays;

 

		(c)	benefits under any award or other industrial Instrument;

 

		(d)	except as required by the deeming laws referred to in this Agreement, compulsory superannuation contributions, workers’ compensation
and workers’ compensation benefits; and

 

		(e)	all other statutory entitlements provided, or required to be provided, to any employee.

 

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Valid Invoice means an invoice which:

 

		(a)	is a tax invoice under A New Tax System (Goods and Services Tax) Act 1999 (Cth);

 

		(b)	identifies the Purchase Order and the Services for which you make your claim for payment;

 

		(c)	identifies all personnel who provided the Services in question, and contains a statement by an authorised person from your organisation,
confirming that you have satisfied all typical benefits of employment, in respect of each of those personnel, in respect of all Services
they have provided; and

 

		(d)	separately identifies all Approved Expenses included.

 

Works means:

 

		(a)	all materials, things and information, including all Inventions, software, databases, models, drawings, plans, processes, formulae,
recipes, artwork, designs, logos, reports, proposals and records; and

 

		(b)	all IP Rights (and all IP Rights in any Works) in any item or thing created or developed in the course of, or at the same time as,
providing any Services to us or any Client.

 

		16.	Other matters

 

		16.1	This Agreement and the Deed constitutes the entire agreement between the parties as to its subject matter and continues to apply to
your engagement despite any change to the engagement. It supersedes all previous representations, agreements and/or offers about its subject
matter and may be amended only by written agreement between the parties.

 

		16.2	The law of the State or Territory in which you supply the Services applies to this Agreement. The information contained in this document
remains the property of IHL and may not be copied, distributed or formatted for any other use without our prior consent.

 

		16.3	A provision of or a right created under this Agreement may not be waived except in writing signed by the party or parties to be bound
by the waiver.

 

		16.4	You warrant that you have had the opportunity to seek independent legal or professional advice in relation to the nature, effect and
extent of this Agreement and that you have read, and accept, each of its terms and conditions. You understand that we rely on these warranties
in providing you with the opportunity to provide the Services.

 

		16.5	You agree that if this Agreement imposes on you any obligation and you provide any Services to or for the benefit of any related or
associated entity of IHL:

 

		(a)	you will owe each such obligation to that other entity as if it were a party to this Agreement;

 

		(b)	IHL or that other entity may enforce the obligation. in the case of the other entity, as if it were a party to this Agreement; and

 

		(c)	in addition to entering into this Agreement on its own behalf, IHL enters into this Agreement and holds the benefit of this clause
on behalf of and on trust for that other entity.

 

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Executed as an Agreement

 

	EXECUTED
    on behalf of Incannex Healthcare Limited CAN 096 635 246, by its authorized representative in the presence of:	 	EXECUTED
    by the person named above as “you”, in the presence of: 
	 	 	 
		 		 		 	
	Authorised signatory	 	Witness’
    signature	 	Authorised
    signatory	 	Witness’
    signature
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Print
    name	 	Print
    name	 	Print
    name	 	Print
    name
	Date:	 	Date:	 	Date:	 	Date:

 

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Schedule

 

The person Identified in the signing clause (you) enters into
this DEED for the benefit of lncannex Healthcare Limited ACN 096 635 246 (IHL or us).

 

 

Recitals

 

		A.	IHL engages the Provider to provide the Services and the Provider
engages your services to allow the Provider to provide the Services.

 

		B.	In the course of providing the Services on the Provider’s behalf,
you will have access to IHL’s goodwill, confidential information and relationships, which IHL wishes to protect.

 

		C.	In return for, and as a condition of, the opportunity to provide
the Services, you agree to take on the Obligations, personally, on the terms of this Deed, to protect IHL’s legitimate business interests.

 

 

THIS DEED WITNESSES

 

		1.	Definitions

 

		1.1	Throughout this Deed:

 

		(a)	Agreement means the Agreement between the Provider and IHL, a copy of which is annexed to this Deed;

 

		(b)	Provider means the party to the Agreement that is not IHL.

 

		(c)	Obligations means all obligations the Agreement imposes on the Provider under: (i) clause 8 “Confidentiality”; (ii)
clause 9 “Inventions, IP and IP Rights”; and (iii) clause 13 “Protecting our relationships with Affected Persons”;
and

 

		(d)	all terms defined in the Agreement, and their definitions, apply.

 

		2.	Obligations

 

		2.1	In return for the opportunity to provide Services on behalf of the Provider, and on the basis of the acknowledgments in clause 3,
you:

 

		(a)	take on and will perform all Obligations personally, subject to the terms of this Deed, as if: (i) you were a party to the Agreement;
and (ii) each reference to the Provider were a reference to you; and

 

		(b)	guarantee, unconditionally and irrevocably, the due and punctual performance of all Obligations, and will take all steps reasonable,
necessary or convenient to give effect to this clause.

 

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		3.	Acknowledgments

 

You acknowledge and agree that:

 

		(a)	the Recitals are accurate and correct and this Deed is critical to protecting IHL’s business interests;

 

		(b)	to the extent that consideration is required, the opportunity to provide Services amounts to good and valuable consideration for entering
into this Deed;.

 

		(c)	IHL would not have allowed you to provide any Services without you entering into this Deed;

 

		(d)	you are not an employee of IHL and instead provide your services or perform work through the Provider which is your employer and you
are satisfied that the provision of Services does not create a relationship of employment between IHL and you;

 

		(e)	IHL is not responsible to you for any typical benefits of employment ;

 

		(f)	before entering into this Deed you have had the opportunity to obtain independent advice and have satisfied yourself about all matters
and mak.e the acknowledgments in clause 13.2 of the Agreement;

 

		(g)	neither IHL nor any person associated with its business has: (i) misrepresented, to you or anyone else, the true nature of your relationship
with IHL; or (ii) made any false statement to persuade or influence you to enter into this Deed; and

 

		(h)	the obligations imposed on you by this Deed are reasonable and reasonably necessary to protect IHL’s legitimate business interests,
and go no further than reasonably necessary to do so.

 

		4.	Other matters

 

		4.1	Part or all of any clause of this Deed that is illegal or unenforceable will be severed from this Deed and the remaining provisions
of this Deed will continue in force.

 

		4.2	This Deed is governed by the laws listed in clause 16.2 of the Agreement.

 

EXECUTED AS A DEED

 

Signed sealed and delivered by the person named as ‘you’
in the presence of:

 

	 	 	 
	Your signature	 	Witness signature
	 	      	 
	 	 	 
	Print your name	 	Print witness name
	 	 	 
	 	 	 
	Print your address	 	Print witness address
	 	 	 
	Date:	 	Date:

 

 

 

- 14 -Exhibit 4.4

 

CERTAIN CONFIDENTIAL INFORMATION IN THIS EXHIBIT WAS OMITTED BY
MEANS OF MARKING SUCH INFORMATION WITH BRACKETS (“[***]”) BECAUSE THE IDENTIFIED CONFIDENTIAL INFORMATION IS NOT MATERIAL
AND IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.

 

 

Clinical
Trial Research Agreement

Medicines
Australia - Standard Form

 

Details of the parties

 

	Name of Institution:	Alfred
                                            Health a body corporate established under the Health Services Act 1988 (Vic) of Commercial
                                            Road, Melbourne, 3004 or Alfred Health

	Address:	Commercial Road, Melbourne, Victoria,
    3004
	ABN:	27 318 956 319
	Contact
    for Notices:	Professor Terence O’Brien
	Fax
    for Notices:	[***]
	Phone
    Number:	[***]

 

	Name of Sponsor:	lncannex
    Healthcare Ltd
	Address:	Unit 207, 11 Solent Circuit
	Norwest
                                            2153

    New South Wales, Australia

	ABN:	93 096 635 246 
	Contact
    for Notices:	Mr Joel Latham
	Fax
    for Notices:	N/A
	Phone
    Number:	[***]

 

	Study Name:	An
    Open Label Extension on the Examination of the Combination of Dronabinol and Acetazolamide for Treatment of Obstructive Sleep Apnoea
    (OSA)
	Protocol
    Number:	IHLOSAOLE1
	Date
    of Agreement:	As per date of full execution

 

    
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This agreement is made between the Sponsor and Institution

 

Purpose of the Agreement

 

According to this Agreement:

 

	A.	The Sponsor is responsible for the initiation, management, and financing of the Study.

 

	B.	The Institution, through the Principal Investigator, is responsible for the conduct of the Study at
the Study Site(s) which is/are under the control of the Institution.

 

	C.	The Study will be conducted on the terms and conditions set out below.

 

Operative Provisions

 

	1.	INTERPRETATION

 

	1.1	In this Agreement:

 

Adverse Event has the
meaning given in the TGA document “Access to Unapproved Therapeutic Goods — Clinical Trials in Australia” (October 2004) or
its replacement.

 

Affiliate means any company
which (directly or indirectly) controls, is controlled by or is under common control with the Sponsor.

 

Agreement means this Agreement, including all the
Schedules.

 

Background Intellectual Property
(Background IP) of a party means information, techniques, know-how, software and materials (regardless of the form or medium in
which they are disclosed or stored) that are provided by or on behalf of that party to the other for use in the Study (whether
before or after the date of this Agreement) or used by that other party in conducting the Study, and all Intellectual Property in
them, but excludes the Study Materials.

 

Biological Samples means
any physical samples obtained from Study Participants in accordance with the Protocol for the purposes of the Study.

 

Case Report Form means a
printed, optical or electronic document or database designed to record all of the information, which is required by the Protocol to be
reported to the Sponsor on each Study Participant.

 

Confidential Information means:

 

		(1)	in respect of the Sponsor:
	 	 	 

		(a)	all information collected in the course of, resulting from, or arising directly out of the conduct
of the Study, whether at the Study Site or elsewhere;
	 	 	 

		(b)	the Protocol, the Investigator’s Brochure, information related to the Protocol, Study Materials and
Investigational Product;
	 	 	 

		(c)	know-how, trade secrets, ideas, concepts, technical and operational information, scientific or technical
processes or techniques, product composition or details owned by the Sponsor or its Affiliates;
	 	 	 

		(d)	know-how, methodology, trade secrets, processes, sequences, structure and organisation of the Study;
and
	 	 	 

		(e)	information concerning the business affairs or clients of the Sponsor or its Affiliates;

 

    
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		(2)	in respect of the Institution, information in relation to the Institution’s business, operations or
strategies, intellectual or other property or actual or prospective suppliers or competitors, 

 

but Confidential Information does not include Personal Information.

 

Equipment
means the equipment supplied to the Institution by or on behalf of the Sponsor for the purposes of the Study, including that specified
in Schedule 1.

 

Essential
Documents means documents which individually and collectively permit evaluation of the conduct of the Study and the quality
of the data produced.

 

GCP
Guideline means the Committee for Proprietary Medicinal Products (CPMP)/lnternational Conference on Harmonisation (ICH) Note
for Guidance on Good Clinical Practice (CPMP/ICH/135/95) as adopted with annotation by the TGA, or its replacement.

 

GST means the
Goods and Services Tax payable under a GST Law.

 

GST Law means the same
as in A New Tax System (Goods and Services Tax) Act 1999 (Cth) as amended from time to time, and any regulations made pursuant
to that Act.

 

Institution
means the body so described on the first page of this Agreement.

 

Intellectual Property
means all present and future industrial and intellectual property rights, including without limitation:

 

		(1)	inventions, patents, copyright, trade business, company or domain names, rights in relation to circuit
layouts, plant breeders rights, registered designs, registered and unregistered trade marks, know how, trade secrets and the right to
have confidential information kept confidential, and any and all other rights to intellectual property which may subsist anywhere in the
world; and
	 	 	 

		(2)	any application for or right to apply for registration of any
of those rights.

 

Investigational Product is
the medicine or device being trialled or tested in the Study, as set out in Schedule 1, and includes where relevant any placebo.

 

Investigator’s
Brochure is a compilation of the clinical and non-clinical data on the Investigational Product(s) which are relevant to the
study of the Investigational Product in humans.

 

Multi-centre
Study is a Study conducted by several investigators according to a single protocol at more than one study site.

 

NHMRC
means the National Health and Medical Research Council of the Commonwealth of Australia.

 

Personal Information has the same meaning as in
the Privacy Act 1988 (Cth).

 

Personnel
means employees, agents and/or authorized representatives, and includes, in the case of the Institution, the Principal Investigator.

 

Principal Investigator
is the person responsible for the conduct of the Study at the Study Site as described in Schedule 1.

 

Protocol
means the document identified in Schedule 6 which describes the objective(s), design,
methodology, statistical considerations and organisation of the Study, and subject to clause 2.3, as
amended from time to time, as agreed by the parties, and most recently approved by the Reviewing HREC.

 

Publish
means to publish, by way of a paper, article, manuscript, report, poster, internet posting, presentation slides, abstract,
outline, video, instruction material or other disclosure, the Study Materials, in printed, electronic, oral or other form.

 

Publication has a corresponding meaning.

 

    
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Regulatory Authority means
any body which has jurisdiction over the conduct of the Study at the Study Site and includes the TGA and any overseas regulatory authorities
who may audit, or require to be audited, any part of the Study or Study Materials.

 

Relevant Privacy Laws means
the Privacy Act 1988 (Cth) and any other legislation, code or guideline which applies in the jurisdiction in which the Study Site
is located, and which relates to the protection of Personal Information.

 

Reviewing HREC means the
Human Research Ethics Committee reviewing the Study on behalf of the Institution as described in Schedule 1.

 

Serious Adverse
Event has the meaning given in the TGA document “Access to Unapproved Therapeutic Goods - Clinical Trials in
Australia” (October 2004) or its replacement.

 

Software means the software
supplied to the Institution by or on behalf of the Sponsor for the purposes of the Study, including that specified in Schedule 1.

 

Sponsor means the corporate
entity so described on the first page of this Agreement.

 

Study means the investigation to be conducted in
accordance with the Protocol.

 

Study Completion means
the database for the Study has been locked and all Essential Documents have been provided to the Sponsor, including a copy of the letter
from the Reviewing HREC acknowledging receipt of the final report and/or closure letter from the Principal Investigator.

 

Study Materials means all
the materials and information created for the Study, or required to be submitted to the Sponsor including all data, results, Biological
Samples, Case Report Forms (or their equivalent) in whatever form held, conclusions, discoveries, inventions, know-how and the like, whether
patentable or not, relating to the Study, which are discovered or developed as a result of the Study, but excluding the Institution’s
ordinary patient records.

 

Study Participant means a person recruited to participate
in the Study.

 

Study Site means the location(s)
under the control of the Institution where the Study is actually conducted as set out in Schedule 1.

 

TGA
means the Therapeutic Goods Administration of the Commonwealth of Australia or any successor body.

 

	1.2	Except where the context otherwise requires:
	 	 

		(1)	clause headings are for convenient reference only and are not intended to affect the interpretation
of this Agreement;
	 	 	 

		(2)	where any word or phrase has a defined meaning, any other form of that word or phrase has a corresponding
meaning;
	 	 	 

		(3)	any reference to a person or body includes a partnership and a body corporate or body politic;
	 	 	 

		(4)	words in the singular include the plural and vice versa;
	 	 	 

		(5)	all the provisions in any schedule to this Agreement are incorporated in, and form
part of, this Agreement and bind the parties;
	 	 	 

		(6)	a reference to a replacement of a document or standard, means any document or
ruling which amends, updates, replaces or supersedes that document or standard;
	 	 	 

		(7)	if a period of time is specified and dates from a given day or the day of an act
or event, it is to be calculated inclusive of that day;

 

    
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		(8)	a reference to a monetary amount means that amount in Australian currency; and
	 	 	 

		(9)	references to a party include its Personnel.

 

		2.	THE STUDY

 

		2.1	The parties must comply with, and conduct the Study in accordance
with, the Protocol and any conditions of the Reviewing HREC. In addition the parties must comply with the following, as applicable:

 

		(1)	any requirements of relevant Commonwealth or State or Territory laws or of Regulatory Authorities;

 

		(2)	the requirements of the TGA in Access to Unapproved Therapeutic Goods — Clinical Trials in Australia
(October 2004) or its replacement and any other TGA publication or guideline that relates to clinical trials, or other such regulations
or guidance governing the conduct of clinical research in the jurisdiction of the Study;

 

		(3)	the GCP Guideline;

 

		(4)	the principles that have their origins in the Declaration of Helsinki adopted by the World Medical Association
in October 1996 (as accepted by the Australian Government); and

 

		(5)	the NHMRC National Statement on Ethical Conduct in Human Research (2007) or its
replacement, and any other relevant NHMRC publication or guideline that relates to clinical trials.

 

		2.2	If any issue relating to the safety of Study Participants arises which requires a deviation from the
Protocol, the Institution through the Principal Investigator may immediately make such a deviation without breaching any obligations under
this Agreement. If there is a need for such a deviation the Institution must notify the Sponsor and the Reviewing HREC of the facts and
circumstance causing the deviation as soon as is reasonably practical, but in any event no later than 5 working days after the change
is implemented.

 

		2.3	From time to time, the Sponsor may modify the Protocol by written notice
to the Institution and Principal Investigator. Except where the modification is necessary to eliminate an immediate hazard to Study Participants
or involves only logistical or administrative aspects of the trial, any modification may not be implemented before approval by the Reviewing
HREC. If the parties determine that a modification will affect the cost of the Study, the parties shall amend Schedule 2 as
agreed between them.

 

		3.	PRINCIPAL INVESTIGATOR

 

		3.1	Role of Principal Investigator

 

The Institution has authorised
the Principal Investigator as the person responsible on a day-to-day basis for the conduct of the Study. The Principal Investigator does
not have authority on behalf of the Institution to amend this Agreement or the Protocol.

 

		3.2	Liability for Principal Investigator

 

For the purpose of this Agreement only, and
as between the Sponsor and the Institution only, the Institution agrees to be responsible for the acts and omissions of the
Principal Investigator in relation to the conduct of the Study, to the extent that such responsibility would attach to the
Institution in accordance with its obligations under this Agreement or under the common law on the basis that the Principal
Investigator is acting as an employee of the Institution. Nothing in this clause or Agreement affects any pre-existing contractual
or other arrangement which may be in place between the Institution and the Principal Investigator.

 

    
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		3.3	Obligations and responsibilities

 

The Institution is responsible for ensuring that the Principal
Investigator:

 

		(1)	thoroughly familiarises themselves with the appropriate use
of the Investigational Product(s), as described in the Protocol, Investigator’s Brochure, information relating to the Investigational
Product and any other information sources provided by the Sponsor;

 

		(2)	ensures written approval has been obtained to conduct the Study from the Reviewing HREC and the Institution
prior to Study initiation. Written documentation of approval by the Reviewing HREC and the Institution must be provided to the Sponsor;

 

		(3)	conducts the Study according to the Protocol without changes, except as provided in clause 2.2
or 2.3, or as agreed to in writing by the Sponsor and the Institution and approved in accordance with clause 3.3(5);

 

		(4)	completes (and obtains completion from relevant Personnel) and returns to the Sponsor a statement of
financial disclosure (an example that meets this requirement is Food and Drug Administration Form 3455 ‘Disclosure: Financial Interests
and Arrangements of Clinical Investigators) before the commencement of the Study and as otherwise required, and consents to the disclosure
of the completed form to overseas regulatory agencies, if required;

 

		(5)	ensures that any amendments to the Protocol are approved by the Reviewing HREC and Sponsor prior to
implementation of the amendment;

 

		(6)	ensures that the Sponsor’s prior written consent is obtained to any advertisement in respect of the
Study;

 

		(7)	provides the Sponsor with evidence of the Principal Investigator’s qualifications through a current
curriculum vitae and/or other relevant documentation and a list of appropriately qualified persons to whom they have delegated significant
Study-related duties, if required;

 

		(8)	uses their best endeavours to recruit the target number of Study Participants, within the recruitment
period, specified in Schedule 1, provided that if the overall target number of Study Participants for the Study is reached, the
Sponsor may direct the Institution to cease recruitment;

 

		(9)	is available when a clinical research representative of the Sponsor visits the Study Site, as mutually
agreed prior to the visit, and is contactable by telephone or electronic mail as frequently as is reasonably required;

 

		(10)	notifies the Sponsor, the Institution and the Reviewing HREC of any Adverse Events (including Serious
Adverse Events) that occur during the course of the Study in accordance with the Protocol and relevant ethical and regulatory guidelines,
and, in the case of the Institution and the Reviewing HREC, with their policies and procedures;

 

		(11)	completes Case Report Forms within the agreed time period. The Principal Investigator will ensure that
Study Participants’ identifying information are removed from all records being transferred to the Sponsor;

 

		(12)	provides regular written progress reports to the Sponsor in relation to the Study as required by the
Protocol;

 

		(13)	completes and returns to the Sponsor as required any Study related materials within a reasonable time
period;

 

    
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		(14)	is not subject to any obligations, either contractually or in any other way, which would unreasonably
interfere with or prohibit the performance of work related to this Study; and

 

		(15)	ensures that informed consent to participate in the Study is obtained from each Study Participant prior
to their enrolment in the Study and documented using an information and consent document which has been reviewed and approved by the Sponsor,
the Institution and the Reviewing HREC.

 

		4.	INSTITUTION OBLIGATIONS AND RESPONSIBILITIES

 

		4.1	If the Principal Investigator leaves the Institution or otherwise
ceases to be available, then:

 

		(1)	the Institution must consult with the Sponsor and use reasonable endeavours to nominate as soon as
practicable a replacement reasonably acceptable to both parties; and

 

		(2)	the Sponsor may require recruitment into the Study by the Institution to cease or move the Study to
a different Study Site.

 

		4.2	If the Principal Investigator fails to carry out those obligations specified in clauses 3.3(2), (3),
(5), (8), (10), (11), (13) or (15), then the Institution must itself perform those obligations and rectify and make good any
breach. The Institution will ensure that any Personnel who assist in the conduct of the Study are informed of and agree to abide by all
terms of this Agreement relevant to the activities they perform.

 

		4.3	The Institution warrants that, to the best of its knowledge, it and its affiliates and any other person
involved in the conduct of the Study, including the Principal Investigator, are properly registered with appropriate professional registration
bodies, have not been disqualified from practice or disbarred or banned from conducting clinical trials by any Regulatory Authority. Furthermore,
the Institution shall notify the Sponsor as soon as practical after it becomes aware of any such disqualification, disbarment or ban.

 

		4.4	The Institution will not engage in any conduct on the Sponsor’s behalf which is in violation of, or
potentially in violation of, any applicable local or foreign laws or regulations.

 

		4.5	The Institution warrants, represents and undertakes to the Sponsor that it has not offered, promised or
paid, either directly or indirectly, any Benefit to a government official (including, but not limited to, a healthcare professional employed
by a government-owned healthcare facility) to induce such government official to act in any way in connection with his or her official
duties with respect to services performed under this Agreement or to otherwise obtain an improper advantage for the Institution or the
Sponsor (Improper Payment), and has not received an Improper Payment, and will not offer, promise, pay, authorise or receive any
Improper Payment in the future. For the purposes of the foregoing, Benefit includes but is not limited to money, financial or other advantage,
travel expenses, entertainment, business or investment opportunities, charitable donations or any other thing of value.

 

		4.6	The Institution must have adequate security measures to ensure the safety and integrity of the Investigational
Product, Essential Documents and Study records and reports, Equipment and any Study related materials held or located at the Study Site.

 

		4.7	Subject to clause 9, the Institution will allow regular monitoring visits in
                                                                                                                 accordance with the GCP Guideline, access for the purposes of audit and as required by Regulatory Authorities or as specified in the
                                                                                                                 Protocol and permit access to the Essential Documents (including original records), Study records, reports, other Study related
                                                                                                                 materials and its Personnel as soon as is reasonably possible upon request by the Sponsor, Regulatory Authority, Reviewing HREC or
                                                                                                                 any third party designated by the Sponsor. Any such access is to take place at times mutually agreed, during business hours and
                                                                                                                 subject to such reasonable conditions relating to occupational health and safety, security, and confidentiality as the Institution
                                                                                                                 may require.

 

    
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		4.8	The Institution will make available adequate facilities, equipment and any other resource of the Institution
reasonably required to safely follow the Protocol, provided that any amendments to the Protocol which take place after the execution of
this Agreement and requiring any additional use of facilities, equipment, staff or resources, have been approved in writing by the Institution
and the Reviewing HREC.

 

		4.9	The Institution will have an adequate number of appropriately qualified Personnel for the foreseen duration
of the Study and ensure that such Personnel are adequately informed about the Protocol, Investigational Product(s), and their Study-related
duties and functions. The Personnel appointed by the Institution to assess Study Participants will attend an investigator meeting or a
pre-study/initiation meeting, where appropriate.

 

		4.10	The Institution must retain and preserve a copy of all Study Materials, including copies of signed
consent forms, Case Report Forms, Protocol, information relating to the Investigational Product, correspondence and investigator files
for at least 15 years from Study Completion and must ensure that no Study related materials are destroyed before the expiration of this
time period without the written approval of the Sponsor. The Institution agrees to notify the Sponsor before destroying any Study Materials
and agrees to retain the Study Materials for such longer period as reasonably required by the Sponsor at the Sponsor’s expense.

 

		4.11	The Institution will ensure that the Study is subject to the continuing oversight of the Reviewing HREC
throughout its conduct.

 

		4.12	If the Institution is contacted by any Regulatory Authority in connection with the conduct of the Study,
the Institution shall immediately notify the Sponsor, unless prevented from doing so by law.

 

		4.13	The Institution will provide the Sponsor with all reasonable assistance and cooperation to rectify
any matter raised by a Regulatory Authority or as the result of an audit of the Institution or Study Site. This includes execution of
any documents reasonably requested by the Sponsor in connection with the requirements of a Regulatory Authority or the Sponsor as a result
of such an audit. The cost will be borne by the Sponsor unless such rectification is due to the default of the Institution or the Principal
Investigator.

 

		4.14	The Institution shall obtain approval, in writing, from the Sponsor for any press statements or promotional
statements regarding the Study or the Investigational Product(s) before the statements are released, unless the statement or disclosure
is required by:

 

		(1)	law;

 

		(2)	any policy, guideline or direction of government or any government department or agency;

 

		(3)	any Regulatory Authority; or

 

		(4)	is, in the absolute discretion of the Institution, Minister for Health, Department of Health or any
government official, reasonably necessary in the public interest or to protect the health and safety of any individual.

 

    
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		5.	SPONSOR
                                            OBLIGATIONS AND RESPONSIBILITIES

 

		5.1	Prior to the Agreement being executed, the Sponsor must provide the Principal Investigator, and, through
the Principal Investigator, the Institution and the Reviewing HREC, with all current and relevant information regarding the Investigational
Product as reasonably required to justify the nature, scope and duration of the Study.

 

		5.2	The Sponsor will implement and maintain quality assurance and quality
control systems with written standard operating procedures to ensure that the Study can be conducted and data generated, documented, recorded
and reported in compliance with all of the documents referred to in clause 2.1.

 

		5.3	The Sponsor will designate appropriately qualified personnel to advise on Study-related medical questions
or problems.

 

		5.4	The Sponsor will monitor the application of the Investigational Product in other places (both within
and outside Australia) and advise the Institution, through the Principal Investigator, and TGA of the cessation elsewhere of any relevant
trial, or the withdrawal of the Investigational Product from any other market for safety reasons.

 

		5.5	The Sponsor will notify the Institution of any Adverse Events (including Serious Adverse Events) that
occur during the course of the Study (either at the Study Site or other study sites, including overseas sites) which may require alteration
of the conduct of the Study, or which may affect the rights, interests, safety or well-being of Study Participants.

 

		5.6	The Sponsor will cooperate with the Institution and/or the Reviewing HREC in investigating any Adverse
Event (including Serious Adverse Event) arising out of or in connection with the Study.

 

		5.7	To assist the Institution to comply with clause 8, the Sponsor will provide the Institution with
adequate information and all necessary Investigational Product accountability forms.

 

		5.8	The Sponsor will provide indemnity to the Institution and members of the Reviewing HREC against claims
arising from the Study on the terms and conditions set out in the relevant Medicines Australia Form of Indemnity for Clinical Trials as
set out in Schedule 3.

 

		5.9	The Sponsor will comply with the Medicines Australia Guidelines for Compensation
for Injury Resulting from Participation in a Company-sponsored Trial as specified in Schedule 5.

 

		5.10	The Sponsor will maintain insurance with respect to its activities
and indemnity obligations under this Agreement in accordance with Schedule 4. This insurance is to be evidenced by a certificate
of insurance, as requested by the Institution from time to time.

 

		6.	PAYMENTS

 

		6.1	In consideration of the Institution conducting the Study, the
Sponsor will pay to the Institution as nominated in Schedule 2 in the manner and on the basis of the amounts and at the times
set out in Schedule 2.  The amounts set out in Schedule 2 do
not include GST. At the time of payment, the Sponsor must pay to the Institution any amount of GST that the Institution is required to
pay in addition to the amounts set out in Schedule 2, and in accordance with GST Law.

 

		6.2	The Sponsor reserves the right to refuse to pay to the Institution payments specific to Study Participants
entered into the Study who do not meet the entry criteria specified in the Protocol.

 

    
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		6.3	If a Study Participant discontinues their participation in the Study or if the Study is terminated
as a whole, only those costs incurred up until the date of discontinuation or termination, including costs of final visit and completion
of all Case Report Forms, will be paid.

 

		6.4	Payments will be made by the Sponsor upon either receipt of a valid tax invoice or a “Recipient
Created Tax Invoice” issued by the Sponsor.

 

		6.5	The Sponsor and the Institution each warrant that they are registered under GST Law. Tax invoices must
identify supplies for which GST is payable.

 

		6.6	The final payment will be made following Study Completion.

 

		6.7	No part of any consideration paid hereunder is for the recommending or arranging for the referral of
business or the ordering of items or services.

 

		6.8	Neither this Agreement nor any consideration paid hereunder is contingent upon the Institution’s use
or purchase of any of the Sponsor’s products.

 

		7.	PROVISION OF EQUIPMENT &
SOFTWARE

 

		7.1	The Sponsor will provide the Institution and Principal Investigator
with the Equipment and Software at the Sponsor’s expense. Unless otherwise agreed by the parties in writing, the Equipment and Software
will be used only by the Principal Investigator and Personnel involved in the conduct of the Study and only for the purposes of the Study.

 

		7.2	If proper usage of the Equipment or Software requires training, the Institution agrees that

 

		(1)	the Principal Investigator and Institution’s Personnel will make themselves available for training
in using the Equipment and Software, at the Sponsor’s expense; and

 

		(2)	the Equipment and Software will only be used as described in written directions provided by the Sponsor.

 

		7.3	The Equipment will be at the risk of the Sponsor, but the Institution will take reasonable care in
the use and secure storage of the same and the Institution is responsible for damage caused to or by the Equipment by the negligence of
its Personnel.

 

		7.4	At the completion of the Study or at the Sponsor’s request, the Institution will, unless otherwise
specified, return to Sponsor, at the Sponsor’s expense, the Equipment and Software and all related training materials and documentation.

 

		7.5	The Sponsor will cooperate with the Institution in maintaining, at the Sponsor’s expense, the Equipment
in good working order, and ensuring that it is in a safe condition and compliant with the requirements of the relevant licensing and safety
authorities at all times.

 

		7.6	The Institution will not copy the Software unless specifically
authorised by the Sponsor.

 

		8.	INVESTIGATIONAL PRODUCT

 

		8.1	The Institution must

 

		(1)	ensure that all Investigational Product made available by the Sponsor is used strictly according to
the Protocol and are not used for any other purposes, unless agreed in writing by the Sponsor;

 

		(2)	provide a written explanation accounting for any missing Investigational Product;

 

    
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		(3)	not charge a Study Participant or third-party payer for Investigational Product or for any services
reimbursed by the Sponsor under this Agreement;

 

		(4)	keep all Investigational Product under appropriate storage conditions (including any conditions specified
in the Protocol) and in a secured area accessible only to authorised Personnel; and

 

		(5)	ensure that complete and current records are maintained for all received, dispensed and returned Investigational
Product.

 

		8.2	The Sponsor will supply the Principal Investigator with such quantities of the Investigational Product
as will be required for the purpose of the Study. All supplied Investigational Product will be packaged in safe and appropriately labelled
containers. The Sponsor will at all times remain the sole owner of the Investigational Product.

 

		8.3	On termination of this Agreement, the Institution must promptly return any unused Investigational Product
to the Sponsor, or, if requested by the Sponsor, destroy it and provide evidence of such destruction.

 

		9.	CONFIDENTIALITY

 

		9.1	Subject to clause 9.2, each party must not, and must ensure their Personnel do not, use or disclose
any Confidential Information of the other party, other than where and only to the extent that such use or disclosure is necessary for
the performance of the Study, the exercise of its rights or the performance of its obligations under this Agreement.

 

		9.2	The Institution may use or disclose Sponsor Confidential Information in any of the following circumstances:

 

		(1)	for the purposes of complying with the Institution’s internal complaint procedures, accident reporting
procedures, quality assurance activities, disciplinary procedures or any applicable policy in relation to patient safety, Adverse Events
and/or reportable incidents;

 

		(2)	for the purposes of disclosing any material risks, identified during the Study or subsequent to it,
to Study Participants, Principal Investigators, medical practitioners administering treatment to Study Participants, Reviewing HRECs and
Regulatory Authorities;

 

		(3)	for the purposes of complying with the requirements of any Regulatory Authority;

 

		(4)	to enable the Reviewing HREC to monitor the Study;

 

		(5)	where the Sponsor consents in writing to the disclosure;

 

		(6)	as part of a publication issued under the provisions of clause 11;

 

		(7)	where release of the Confidential Information is required by law, with notice as soon as reasonably
practical to the Sponsor, and subject to the Institution upon request providing reasonable assistance to enable the Sponsor to obtain
a protective order or other remedy to resist disclosure or ensure confidential treatment for any required disclosure;

 

		(8)	for the purposes of the Institution seeking legal advice; or

 

		(9)	disclosure to the Institution’s insurer.

 

		9.3	Where Confidential Information is disclosed in accordance with
clause 9.2 (1), (4), (8) or (9) the Confidential Information must only be used in connection with the legitimate purposes
of the Institution, and only disclosed to those who have a need to know it for such purposes and are obligated to keep the information
confidential.

 

    
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Site: Alfred Health
	 
	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 11 of 38

 

     

    

 

		9.4	The Sponsor may disclose Institution Confidential Information to its lawyers for the purposes of obtaining
legal advice or to its Affiliates but only on a needs to know and confidential basis. The Sponsor may disclose Institution Confidential
Information if required by law, with notice as soon as reasonably practical to the Institution, and subject to the Sponsor upon request
providing reasonable assistance to enable the Institution to obtain a protective order or other remedy to resist disclosure or ensure
confidential treatment for any required disclosure.

 

		9.5	The parties are responsible for ensuring that their Personnel are aware of the obligations in respect
of Confidential Information in this clause 9 and are bound in similar terms to keep such information confidential.

 

		9.6	Information will not be Confidential Information and subject to
the provisions of this clause 9 where:

 

		(1)	the information has been independently received from a third
party who is free to disclose it;

 

		(2)	the information is in or has entered the public domain other than as a result of a breach of this Agreement;

 

		(3)	the party already knew the information, the prior knowledge of which it can document by prior written
records; or

 

		(4)	the party independently develops, discovers or arrives at the information without use, reference to,
or reliance upon, the Confidential Information.

 

		10.	PRIVACY

 

		10.1	Each party must ensure that any Personal Information of Study
Participants or Personnel it obtains or holds as a result of the conduct of the Study is collected, stored, used and disclosed by it
in accordance with the Relevant Privacy Laws.

 

		10.2	Each party will promptly report to the other party any unauthorised access to, use or disclosure of
Personal Information of Study Participants (“Incident”) of which it becomes aware, and will work with the other party to take
reasonable steps to remedy the Incident.

 

		11.	PUBLICATIONS

 

		11.1	The Institution, Principal Investigator and other investigators (each a Discloser) involved in
the Study have the right to Publish the methods, results of, and conclusions from, the Study, subject to this clause and in accordance
with copyright law.

 

		11.2	If the Study is a Multi-centre Study, then the Institution agrees that no Publication of the Study results
may be made until Publication of the results of the Multi-centre Study or 2 years after Study Completion, whichever is the sooner. The
further provisions of this clause still apply to any such Publication.

 

		11.3	The Institution must ensure that the Discloser gives a copy of any proposed Publication drafted by
them and/or other Personnel involved in the conduct of the Study to the Sponsor at least 40 days before forwarding it to any person that
is not bound by the confidentiality obligations set out in clause 9.

 

		11.4	The Sponsor may, within that 40-day period do any one or more of the following:

 

		(1)	provide comments on the proposed Publication to the Institution,
in which case the Institution must consider such comments but will not be bound to follow them;

 

		(2)	request delay of Publication for no more than 120 days to allow the Sponsor to file patent applications
or take other measures to preserve or secure its Intellectual Property, in which case the Institution must abide by that request; or

 

		(3)	request that the Discloser remove specified Confidential Information (other than the results of the
Study) from the Publication, in which case the Institution must remove such specified Confidential Information as is reasonably required
to protect the Intellectual Property of the Sponsor.

 

    
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	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 12 of 38

 

     

    

 

		11.5	If the Institution has not received any comments from the Sponsor on the proposed Publication within
40 days of giving a copy to the Sponsor under clause 11.3, the Discloser may proceed to make the Publication.

 

		11.6	Where the Sponsor intends to Publish the method, results or conclusions from the Study, any person
named as an author on that Publication will be given a reasonable opportunity to review the Publication. Any person acknowledged as an
investigator of the Study in the Publication will be given a reasonable opportunity to request the removal of his or her name from the
Publication and the Sponsor shall comply with any such request.

 

		11.7	In all Publications the Sponsor’s support of the Study shall be acknowledged.

 

		11.8	The Sponsor may Publish a summary of the Study Results and conclusions on the Sponsor’s on-line Clinical
Trial Register before or after Publication by another method.

 

		11.9	The Sponsor may freely use, copy and disseminate any manuscript following its Publication in a journal
without further obligation to the Institution or Discloser.

 

		11.10	The Sponsor may only use the Institution’s and Investigators’ names:

 

		(1)	in relation to the publication of the Study on reputable clinical
trials registers and websites in accordance with the CONSORT 2010 Statement;

 

		(2)	in Study publications and communications including Study newsletters made to the Institution and any
other person which is subject to substantially the same confidentiality obligations as those set out in clause 9,
in relation to performance of the Study; or

 

		(3)	in Study publications and communications made to any third party not subject to the confidentiality
obligations set out in clause 9, with the Institution’s prior written consent.

 

		12.	STUDY MATERIALS AND INTELLECTUAL PROPERTY

 

		12.1	The Sponsor grants to the Institution and its Personnel the right
to use the Background IP of the Sponsor and the Study Materials as required to carry out the Study and perform this Agreement. Except
for this right, neither the Institution nor any of its Personnel acquires any right or interest in any Intellectual Property provided
by or on behalf of the Sponsor.

 

		12.2	In order to carry out the Study, the Institution may use Intellectual Property which is part of the
Institution’s Background IP. Any such Background IP remains the sole property of the Institution. The Institution grants to the Sponsor
a non-exclusive, perpetual, royalty free licence to use (including the right to sub-licence) the Institution’s Background IP solely for
the purpose of the commercialisation of the Study Materials.

 

		12.3	Subject to clause 12.2, all Intellectual Property in the Study Materials will vest automatically
upon its creation in the Sponsor, and the Institution presently assigns to the Sponsor all Intellectual Property rights contained in the
Study Materials. The Institution agrees to execute or procure the execution by its Personnel of any documents reasonably necessary to
give effect to this assignment, at the Sponsor’s expense.

 

		12.4	The Institution must promptly disclose and communicate in writing
to the Sponsor full particulars of any Intellectual Property that the Institution or Principal Investigator make, discover or conceive
in the course of the Study that is directly related to the Study Materials.

 

    
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	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 13 of 38

 

     

    

 

		13.	TERM AND TERMINATION

 

		13.1	This Agreement commences from the date specified on the first
page of this Agreement, or if such date is not included on the date this Agreement is last signed by either the Sponsor or Institution.
In the ordinary course of events this Agreement terminates when the Sponsor makes its final payment to the Institution.

 

		13.2	A party may terminate this Agreement with 30 days prior written notice or such shorter time period
as is reasonably required in the circumstances if the other party:

 

		(1)	is in breach of any obligations under the Agreement or the
Protocol (including without just cause to meet a timeframe) and fails to remedy such breach where it is capable of remedy within 30 days
of a written notice from the terminating party specifying the breach and requiring its remedy;

 

		(2)	is declared insolvent or has an administrator or receiver appointed over all or any part of its assets
or ceases or threatens to cease to carry on its business; or

 

		(3)	assigns this Agreement to a person considered unsuitable to perform the Agreement as set out in clause
19.3.

 

		13.3	In addition to clause 13.2, a party may terminate this
Agreement immediately by written notice to the other party if it believes on reasonable grounds that:

 

		(1)	continuing the Study poses an unacceptable risk to the rights,
interests, safety or well-being of Study Participants; and

 

		(2)	terminating this Agreement is the most appropriate way to respond to that risk.

 

		13.4	The Sponsor may terminate this Agreement if the Institution breaches clause 4.5 or if the Sponsor
learns that the Institution is making, or has made, Improper Payments (within the meaning of clause 4.5) to government officials
with respect to services performed on behalf of the Sponsor or any other company. Further, in the event of such termination, the Institution
will not be entitled to any further payment or compensation.

 

		13.5	The Sponsor may terminate this Agreement with 30 days prior written notice to the Institution. In the
event of such early termination, the Sponsor will pay the reasonable costs of the Institution relating to the Study calculated in accordance
with Schedule 2.

 

		13.6	In the event of termination, the Institution must promptly initiate all appropriate action to close
the Study and, subject to any applicable retention requirements imposed by law, return to the Sponsor (or destroy if requested by the
Sponsor, and provide evidence of such destruction) any completed Case Report Forms and other materials received from the Sponsor before
Study Completion.

 

		13.7	In the event of termination the Sponsor must take all appropriate action to close out the Study Site
in a timely manner.

 

		13.8	In the event of early termination, the Sponsor will cooperate with the Institution to ensure that Study
Participants who may be affected by termination receive adequate medical care. This may include the provision of Investigational Product
in certain circumstances at the Sponsor’s expense.

 

		13.9	The following provisions survive termination of this Agreement, clauses 1, 3.2, 3.3(11), 4.6, 4.7,
4.10, 4.12, 4.13, 4.14, 5.8, 5.9, 5.10, 6.1, 8.3, 9, 10, 11, 12, 13.5, 13.6, 13.7, 13.8, 13.9, 14, 15, 16, 18 and 20.

 

    
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	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 14 of 38

 

     

    

 

		14.	DISPUTES

 

		14.1	No party may commence legal proceedings against another in respect of a dispute arising in relation
to this Agreement (except for urgent interlocutory relief) unless the parties have complied with this clause and that party has first
notified the other party in writing of the dispute and has used all reasonable endeavours to resolve the dispute with the other party
within 28 days of the giving of that notice (Initial Period).

 

		14.2	If the dispute is not resolved within the Initial Period, then the dispute shall be referred within
a further 28 days to the Australian Disputes Centre for mediation or any other agreed venue which conducts mediation. The parties will
by agreement appoint a mediator to mediate the dispute in this forum. If the parties cannot agree to a mediator within 14 days of the
end of the Initial Period, then the mediator will be nominated by the then current President of the Law Society of the State or Territory
in which the Institution is located. Any documents produced for the mediation are to be kept confidential and cannot be used except for
the purpose of settling the dispute.

 

		14.3	Each party must bear its own costs of resolving a dispute under this clause, and unless the parties
otherwise agree, the parties to the dispute must bear equally the costs of the mediator.

 

		14.4	In the event that the dispute is not settled at mediation within 28 days (or such other period as the
parties agree in writing) after the appointment of the mediator, then the parties are free to pursue any other procedures available at
law for the resolution of the dispute.

 

		15.	APPLICABLE LAW

 

This Agreement will be governed
by, and construed in accordance with, the law for the time being in force in the State or Territory in which the Institution is located
and the parties submit to the jurisdiction of that State or Territory and courts entitled to hear appeals from those courts.

 

		16.	NOTICES

 

		16.1	A notice, consent, approval or other communication (each a notice) under this Agreement must
be:

 

		(1)	delivered to the party’s address; or

 

		(2)	sent by pre-paid mail to the party’s address; or

 

		(3)	transmitted by facsimile to the party’s address.

 

		16.2	A notice given by a party in accordance with this clause is treated as having been given and received:

 

		(1)	if delivered to a person’s address, on the day of delivery if a business day, otherwise on the next
business day; or

 

		(2)	if sent by pre-paid mail, on the third business day after posting; or

 

		(3)	if transmitted by facsimile to a person’s address and a correct and complete transmission report is
received, on the day of transmission if a business day, otherwise on the next business day.

 

		16.3	The addresses of the parties for the purposes of giving any notice are set out on the front page of
this Agreement.

 

		17.	WAIVER

 

		17.1	No right under this Agreement is waived or deemed to be waived
except by notice in writing signed by the party waiving the right. A waiver by any party in respect of any breach of a condition or provision
of this Agreement will not be deemed to be a waiver in respect of any other breach.

 

    
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	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 15 of 38

 

     

    

 

		17.2	Failure or delay by any party to enforce any provision of this Agreement will not be deemed to be a
waiver by that party of any right in respect of any other such breach.

 

		18.	VARIATIONS

 

No variations of this Agreement
are legally binding on any party unless evidenced in writing signed by all parties.

 

		19.	ASSIGNMENT

 

		19.1	Subject to clause 19.2, a party (the Assigning Party) may assign
its rights or novate its rights and obligations under this Agreement after obtaining the prior written consent of the other party (the
Other Party).

 

		19.2	The Assigning Party’s request for the Other Party’s consent to an assignment or
novation of this Agreement must include:

 

		(1)	the name and the address of the proposed assignee or novatee;

 

		(2)	a copy of the proposed deed of assignment or novation; and

 

		(3)	such other information as the Other Party reasonably requires.

 

		19.3	Provided the proposed novatee is an Australian entity, the Other Party must give its consent promptly
if:

 

		(1)	the Assigning Party provides evidence that ought reasonably satisfy the Other Party that the proposed
novatee is financially secure and has the ability to carry out the Assigning Party’s obligations under this Agreement;

 

		(2)	the proposed novatee signs a deed or agreement in which it covenants with the Other Party and the Assigning
Party to perform the obligations of the Assigning Party under this Agreement;

 

		(3)	the Assigning Party is not in breach of this Agreement; and

 

		(4)	the Assigning Party pays the Other Party’s reasonable costs of giving its consent.

 

		19.4	The Assigning Party remains liable for its obligations under this Agreement even if it assigns its
rights pursuant to clause 19.1.

 

		20.	SUBCONTRACTING

 

		20.1	The Sponsor may subcontract any of its obligations under this Agreement, save for the obligations set
out in clauses 5.8, 5.9 and 5.10. The Sponsor remains responsible for all subcontracted obligations and is liable for all
acts and omissions of any subcontractor as if they were the Sponsor’s acts and omissions. In the event that the Sponsor subcontracts with
another party to perform any of the Sponsor’s obligations under this Agreement, the Sponsor is bound by and will observe its obligations
under clause 9.1 in its dealings with the subcontractor.

 

		20.2	No subcontractor will have any rights under this Agreement against the Institution or be entitled to
receive any payment from the Institution.

 

		20.3	For the purpose of this Agreement only, and as between the Sponsor and the Institution only, where
the Institution subcontracts any of its obligations under this Agreement, the Institution remains responsible for all subcontracted obligations
and is liable for all acts and omissions of any subcontractor as if they were the Institution’s acts and omissions.

 

    
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Site: Alfred Health
	 
	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 16 of 38

 

     

    

 

		21.	ENTIRE AGREEMENT

 

This Agreement constitutes the
entire agreement between the parties in relation to the Study and supersedes all prior representations, agreements, statements and understandings,
whether verbal or in writing in relation to the Study.

 

		22.	FURTHER DOCUMENTS

 

Each party will do anything (including
executing any document) and will ensure that its Personnel do anything (including executing any document), that the other party may reasonably
require to give full effect to this Agreement.

 

		23.	SEVERANCE

 

If any part of this Agreement
is prohibited, void, voidable, illegal or unenforceable, then that part is severed from this Agreement but without affecting the continued
operation of this Agreement.

 

		24.	RELATIONSHIP OF THE PARTIES

 

Nothing in this Agreement creates
a relationship of employer and employee, principal and agent, joint venture or partnership between the parties and no party will hold
itself out as an agent for another.

 

		25.	FORCE MAJEURE

 

If any party is delayed or prevented
from the performance of any act required under this Agreement by reason of any act of God, act of nature, including any epidemic or outbreak
of pandemic disease, fire, act of government or state, war, civil commotion, insurrection, embargo, prevention from or hindrance in obtaining
raw material, energy or other supplies, labour disputes of whatever nature or whatever reason beyond the control of the party (a Force
Majeure Event), the affected party shall promptly notify the other party in writing, giving details of the Force Majeure Event, the
acts affected by the Force Majeure Event and the extent to which they are affected, and performance of such acts shall be excused for
the period of such event provided that if such interference lasts for any period in excess of 30 days either party may, by written notice
to the other, terminate this Agreement.

 

		26.	COUNTERPARTS

 

This Agreement may be executed
in any number of counterparts. All counterparts taken together are deemed to constitute one and the same Agreement.

 

		27.	CONFLICT

 

In the event of any inconsistency
between this Agreement and the Protocol, this Agreement prevails.

 

    
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	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 17 of 38

 

     

    

 

In witness hereof, the parties have
caused this Agreement to be executed as of respective dates written below.

 

Signed on behalf of the Sponsor

 

	Signed:		 
	Name:		 
	Position:  		 
	Date:		 

 

Signed on behalf of the Institution

 

	Signed:		 
	Name:		 
	Position:  	 	 
	Date:		 

 

The Principal Investigator acknowledges
this Agreement and understands the obligations it imposes.

 

Acknowledged by the Principal Investigator

 

	Signed:		 
	Name:		 
	Position:  		 
	Date:		 

 

    
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Site: Alfred Health
	 
	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 18 of 38

 

     

    

 

Schedule 1

Key Information

 

	Study Name:	An Open Label Extension
    on the Examination of the Combination of Dronabinol and Acetazolamide for Treatment of Obstructive Sleep Apnoea (OSA)
	 	 
	Study Site/s:	The Alfred Hospital
	 	 
	 	 
	 	 
	Target number of Study Participants:	Minimum: 12
	 	 
	 	Maximum: 12
	 	 
	Recruitment Period:	Start:
                                            01/MAR/2021    End:    01/MAR/2022

	 	 
	Principal Investigator Name:	Professor
                                            Terence O’Brien

                                

                                

	 	 
	Address:	Department of Neurosciences, 4th
    Floor, Centre Block
	 	 
	 	The Alfred Hospital, 55 Commercjal Road, Melbourne
	 	 
	 	State:   Victoria, Australia         P/code:    3004
	 	 
	Reviewing HREC:

	Alfred Hospital Ethics Committee
	 	 
	Equipment provided by Sponsor:	Philips Actiwatch
	 	 
	 	 
	 	 
	Software provided by Sponsor:	NIL
	 	 
	 	 
	 	 
	Investigational Product:

	Dronabinol
	 	 
	 	Acetazolamide
	 	 
	 	 

 

    
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	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 19 of 38

 

     

    

 

Schedule 2

 

[***]

[***]

 

    
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Payments

 

Study Site Activities 

 

	
     

    Activity
	
     

    [***]

     

	The Site Start Up Fee of will be paid upon the completion of the Site Initiation Visit.	[***]
	
    Study Site Administration Fee will be paid quarterly, starting
from the Site Initiation Visit or Pre-screening (whichever occurs first), until the Close out Visit.
	[***]
	The Site Training Fee, a one-off fee, will be payable on the completion of all training required for the study conduct, including eCRF training. This payment is per system trained on per investigator and co-ordinator.	[***]
	
    Human Research Ethics Committee (HREC} Review Fee, a
    one-time fee, for the review of the initial submission package for the trial, will be payable upon receipt of invoice
	[***]
	
    Amendment Preparation Fee — Major

     

    This fee will be paid for the preparation of a major Protocol
amendment or Participant Information and Consent Form (PICF) for RGO review.
	[***]
	
    Amendment Preparation Fee — Minor This fee
will be paid for the preparation of amendments relating to Investigator Brochures (IBs), safety documents, participant facing materials,
advertising or for RGO review.
	[***]
	
    Amendment Preparation Fee — Major, within one month of RGO
    approval

     

    This fee will be paid if a Protocol and/or PICF is prepared and submitted
    to the Alfred RGO within and up to one calendar month after initial RGO approval.
	[***]
	Amendment Preparation Fee —
Minor, within one month of RGO approval

 

This fee will be paid if an IBs,
safety document, participant facing material, advertising or changes to site staff become available and are submitted to the Alfred RGO
within and up to one calendar month after initial RGO approval.
	[***]
	Study Close Out

 

A one-time Close Out Fee will be paid upon completion
and approval by the Sponsor of any outstanding data documentation (eCRFs and data clarifications issued) and regulatory documentation.

	[***]

 

    
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	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 21 of 38

 

     

    

 

	
    Archiving Fee

     

    The one-time Archiving Fee will be paid
    for the archiving of 2 boxes as per ICH GCP and local requirements. This Fee also includes electronic scanning and secure destruction
    at the end of the archiving period.
	[***]
	
    Archiving Fee - Additional
    Box 

     

    The Archiving Fee - Additional Box
    Fee will be paid for any boxes in addition to the original 2 boxes. Prior Sponsor approval is required.
	[***]
	
    Archiving - Box Retrieval

     

    The Archiving - Box Retrieval Fee will
    be paid if a storage box requires retrieval from the archiving location.
	[***]
	
    Audit Fee

     

    The Audit Fee will be paid for the preparation,
    attendance and follow up of an Audit. This fee is capped at three (3) business days. This fee is not payable when the Audit is “for
    cause”.
	[***]
	
    Participant transport Allowance

     

    Participant transport allowance
    will be paid, up to a maximum of $100 per day for each clinic visit and PSG visit throughout the study. This may be reimbursed on presentation
    of receipts to support the costs of transportation or granted as taxi vouchers. Receipts for reimbursements and taxi vouchers must include
    date of travel, amount per trip.
	 

                                                     

                                                    [***]

	
    Participant Sleep Study Allowance

     

    Participants will be reimbursed
    $25 per hour up to a maximum of 8 hours for their time spent at site performing each sleep study.
	 

                                                     

                                                    [***]

	
    Breakfast Allowance

     

    Each participant, that completes
    a sleep study will also be provided with a breakfast allowance, up to a maximum of $25 to be purchased at the hospital.
	 

                                                     

                                                    [***]

 

    
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Pharmacy and Pathology Activities

 

	 

    Activity
	Cost
                                            ($AUD)

    All
    fees exclude

    GST

	 

    A
    Pharmacy Setup and Study Establishment Fee will be payable upon the attendance and completion of the Site Initiation Visit. This
    fee will be payable upon invoice.
	[***]
	A
Pharmacy Annual Fee, will be payable for the management and administration of the study. This fee will be payable upon invoice.
	[***]
	A
                                                                                                                                                 Pharmacy storage of Investigational Product Fee will be payable for the storage of the IP in a refrigerated safe, suitable for
                                                                                                                                                 refrigerated Schedule 8 licenced products. This fee will be payable upon invoice.
	[***]
	A
                                            Dispensing of Investigational Product Fee, which includes accountability, will be payable
                                            for every dispensing of IP for participants and post accountability visit and with the monitoring
                                            fee
	[***]
	An
    Investigational Product Accountability Fee is incorporated into the dispensing fee.	[***]

	An
                                            Investigational Product Destruction Fee will be payable should the sponsor request that
                                            IP be destroyed on-site, according to hospital guidelines. This fee will be payable upon
                                            invoice.
	[***]
	A
                                            Remote Monitoring Fee will be payable for each hour the Clinical Research Associate requires
                                            for the purposes of IP accountability, should this service be requested. The IP accountability
                                            visit will be scheduled in advance and with the clinical trials pharmacist. This fee will
                                            be payable upon invoice.

     

    Note:
    there is no additional charge for on-site monitoring.
	[***]

	After
                                            Hours Call Back Fee

     

    The
    After Hours Call Back Fee will be paid when IP requires preparation and dispensation outside the hours of Barn - 5pm due to unforeseen
    circumstances. An initial amount of Six Hundred and Ninety Australian Dollars (690 AUD) will be paid for the first three (3) hours.
    After the first three (3) hours, this fee will be charged at the rate of One Hundred and Fifty-Five Australian Dollars (155 AUD)
    per hour.
	[***]

	A
                                            Pharmacy Close Out Fee, a one-time fee, will be payable upon the final close out visit,
                                            after all remaining or used Investigational Product as either been returned to the sponsor
                                            or destroyed upon written notification from the sponsor, and all pharmacy files have been
                                            returned to the site for archiving. This fee will be payable upon invoice, no later than
                                            30 days post close out visit.
	[***]

 

    
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	Pathology Activities	 
	
    A Protocol review and SSA completion Fee, a one-time fee,
will be payable upon completion of the Site Initiation Visit and upon invoice.
	[***]
	
    An Establishment Fee, a one-time fee for the establishment
of the trial, upon Site Initiation Visit and payable upon receipt of an invoice.
	[***]
	Standard Haematology panel	[***]
	Standard Biochemistry panel	[***]
	Urinalysis	[***]
	Urine pregnancy test	[***]
	Health Information Services
	Retrieval fee for paper medical records (per volume) from onsite storage	[***]
	
    Retrieval fee for paper medical records (per volume) from
    external storage
	[***]
	Registration Fee, per participant	[***]
	Permanent retention (per volume) of medical records for research	[***]
	
    ICD10 Diagnosis database participant information search (per
    search)
	[***]

 

		1.	General Terms. Payee will be compensated as outlined
on the attached study budget (“Budget”) for Study Participants properly enrolled in the Study. This amount constitutes the
full compensation for the work to be completed by the Institution and Principal Investigator, including all work and care specified in
the Protocol for the Study, along with all overhead and administrative services. No compensation will be available for Study Participants
enrolled in the Study in violation of the Protocol.

 

As indicated
below (Point 8), the payee of these funds is Monash University (“Payee”), which is a payment administrator and is not party
to this Agreement. Organisation’s or Local Sponsor’s only payment obligation under this Agreement is to pay Monash University. Administration
of funding by Payee on behalf of Institution is governed by a separate agreement between those entities. Institution releases Organisation
and Local Sponsor from any obligation or liability related to the handling or disbursement of funds by Payee. Organisation or Local Sponsor
shall not make any payments directly to Institution.

 

		2.	Payment Terms. Payments for each Study Participant will
be made in Australian Dollars (AUD) quarterly and based on CRF data entered by Institution and/or Principal Investigator supporting enrolled
Study Participant visitation. Payments will be made for completed visits and treatment related costs in accordance with the Budget, unless
otherwise noted in the Agreement. For each payment, including any Screen Failures (as defined below) that may be payable under the terms
of this Agreement, Payee will be paid the total amount earned, less 10%, for the Final Payment (hereinafter defined). Monitoring will
occur approximately every 8 weeks based on Study Site enrolment and completion of data entry. All queries must be resolved within five
(5) business days of receipt by Institution and/or Principal Investigator any time during the Study. Payee must submit any final valid
tax invoices within thirty (30) calendar days after the close-out visit of the Study at the Institution. Any invoices received thereafter
may not be paid. Payee will have sixty (60) calendar days after the date of the close-out visit of the Study at the Institution to dispute
any payment discrepancies or missing payments.

 

    
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	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 24 of 38

 

     

    

 

		3.	Non-Procedural Costs. Payee will be paid for additional
non-procedural costs that are pre-approved by Organisation/Local Sponsor as set forth in the Budget. To request payment for such costs,
Payee will remit valid tax invoice to Local Sponsor or its designee with documentation and receipts substantiating agreed-upon pass-through
expenses. Any non-procedural pass-through expenses will be invoiced only in the amount actually incurred with no mark-up, up to the maximum
amounts shown in the Budget.

 

		4.	Final Payment. At the conclusion of the Study, all CRFs
and Study-related documents will be promptly made available for Organisation/Local Sponsor review. The final payment (“Final Payment”)
will be paid once: all CRFs have been completed and received; data queries have been satisfied; all Investigational Product is returned;
and all close out issues are resolved and procedures completed, including final HREC and/or Regulatory Authority notification, if applicable.
All queries must be resolved within five (5) business days of receipt by Institution and/or Principal Investigator. Local Sponsor or
its designee will perform final reconciliation of all payments made to date against total amount due and will promptly pay Payee amounts
remaining unpaid, if any. Payee will promptly reimburse Local Sponsor any unearned or overpaid amounts previously paid to Payee within
thirty (30) calendar days of notification by Local Sponsor or designee.

 

		5.	Taxes.

 

		1)	Payments shown in the Budget do not include GST. If the Payee
is GST registered, and if GST is required under the GST Law, GST should be added and shown on the invoice by the Payee at the applicable
GST rate, along with Payee’s GST registration number.

 

		2)	Payee acknowledges and agrees that it is solely responsible
for the payment of any and all contributions and taxes imposed by any applicable authority with respect to or measured by compensation
paid to Payee under this Agreement. Local Sponsor/designee will not be responsible for the withholding or payment of any such required
contributions or taxes. Payee accepts full responsibility for reporting all payments received, under this agreement, to the relevant
taxation authorities as required by local regulations.

 

		6.	Necessary Procedures. Payee will be reimbursed for valid
necessary visits and procedures not covered under the Budget. Payment for any necessary procedure due to Study Participant safety will
be reimbursed at the agreed upon unit cost in the Budget, if available, or if there is no such unit cost in the Budget, Payee will be
compensated based on actual costs incurred by Institution and Principal Investigator and will require a separate valid tax invoice with
documentation for the medical necessity of the procedure. Where practicable, Local Sponsor or Organisation’s prior written consent
will be obtained, unless it will compromise the integrity of the Study or affect Study Participant safety, in which case Local Sponsor
or Organisation will be notified as soon as practicable after the fact.

 

		8.	Payee. The Institution has authorised Monash University
to be responsible for financial administration of the Study funds as its Payee. The Parties acknowledge that Payee is authorised to receive
and administer all Study payments on behalf of the Institution and that the Sponsor’s only payment obligation under this Agreement
is to the Payee. Institution releases Sponsor from any obligation or liability related to handling or disbursement of the funds by Payee.

 

    
	Protocol Number: IHLOSAOLE1
Site: Alfred Health
	 
	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 25 of 38

 

     

    

 

		9.	The payments will be made to the
following Payee and address:

 

	Payee Name	Monash University
	Payee Address	211 Wellington Road, Mulgrave, Victoria, Australia
	Australian Business Number 	12 377 614 012
	Recipient Address	Receivables and Revenue Accounting

                                                                                Level 4, 211 Wellington Road

	 	Mulgrave, VIC, 3170
	Recipient Phone Number	[***] [***]

	Recipient Email	

	 	 
	Payee
    Bank Account Details:	 
	Bank Name	Westpac Banking Corporation
	Bank Address	Campus Centre, Clayton Campus,
	 	Monash University, Victoria, 3800, Australia
	Account Name	Monash University General Account
	BSB Number	[***]

	Bank Account Number	[***]

	SWIFT Code	[***]

	IBAN	[***]
	Duns Number	[***]

 

[***]

 

Monash: M51007 - Department of
NeuroscienceNan Cleef/Roet Centre for Nervous Diseases – Research

PO Box 315 Prahran 3181

The Alfred Hospital, 55 Commercial Rd, Vic 3004

Telephone
No.:   [***]

Facsimile No.:     [***].

E-Mail Address: [***]

 

The notification of all payments
made under this Agreement will be accompanied with documentation of the calculation of each payment. The documentation will specify:

 

	 	●	The Human Research Ethics Committee (HREC) project number

 

		●	The Principal Investigator’s name;

 

		●	What the payment is being made for:

 

		●	The number of participants who have completed particular
milestones; and

 

    
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	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 26 of 38

 

     

    

 

		●	Detail of any partial payments, or any other information
relevant to the calculation of the payment by Neuroscience Trials Australia.

 

		*	Copies of all payment notices will be sent to the attention of
the Management Accountant – Research at the following address:

 

Monash: M51007 - Department of NeuroscienceNan Cleef/Roet
Centre for Nervous Diseases  – Research

PO Box 315 Prahran 3181

55 Commercial Rd, Vic 3004

 

10. Invoices. All
invoices must be issued and forwarded to the following as instructed:

 

Email: [***]

 

Sponsor Address;

lncannex Healthcare
Ltd

Unit 207, 11 Solent Circuit

Norwest 2153, New South Wales

Australia

 

ABN 93 096 635 246

 

All payment related queries may be directed to:

 

Email: [***]

 

Each
invoice must contain: (1) Organisation’s name, (2) Protocol number, (3) Study code, (4) Principal Investigator’s name, (5) a summary
of the reimbursement to be made in compliance with the Budget, and (6) if the Payee is GST registered, the Australian Business
Number (ABN).

 

Payee will
not receive any payments for pass through expenses whereby Payee has failed to produce actual copy invoices or other documentation clearly
substantiating that the expenditures were actual, reasonable, and verifiable in the amount submitted for compensation.

 

Suggested High Level Subject matter

 

    
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	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 27 of 38

 

     

    

 

Schedule 3

Form of Indemnity for Clinical Trials

 

The Sponsor agrees to execute and
deliver to the Institution, as necessary, an indemnity in the form of the Medicines Australia Standard Form of Indemnity for Clinical
Trials without amendment.

 

Indemnity for Clinical Trials; HREC Review Only and Standard
Forms on following pages.

 

    
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	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 28 of 38

 

     

    

 

MEDICINES
AUSTRALIA FORM OF INDEMNITY FOR CLINICAL TRIALS HREC REVIEW ONLY

 

For use where
the Indemnified Party is providing ethical review for a multicentre clinical Study where the ethical review will be adopted by
hospitals, institutions or sites that are independent from the Indemnified Party, OR as a Reviewing HREC for a single centre
study at a hospital or institution that is independent from the Indemnified Party.  

 

	To:	Alfred Health ABN 27 318 956 319 a body corporate established under
    the Health Services Act, 1988 (Vic), of Commercial Road, Melbourne 3004
    Victoria Australia, or (“the Indemnified Party”)
	 	 
	From:	lncannex Healthcare Ltd Unit 207,
    11 Solent Circuit Norwest 2153, New South Wales Australia
    ABN 93 096 635246 (“the Sponsor”)
	 	 
	Re:	Clinical Study No. [IHLOSAOLE1]; An Open Label Extension on the Examination
    of the Combination of Dronablnol and Acetazolamlde for Treatment of Obstructive Sleep Apnoea (OSA)
	 	 
	1.	The Indemnified Party agrees to participate in the above sponsored study (“the
    Study) involving patients of Alfred Health (“the participants”) to be conducted by Professor Terence
    O’Brien (“the Investigator”) in accordance with the above referenced protocol, as amended in writing from time to
    lime with the agreement of the Sponsor and the Indemnified Party (“the Protocol”). The Sponsor confirms that it is a
    term of its agreement(s) with each hospital or institution participating in the Study that the Investigator shall obtain all
    necessary approvals from the Indemnified Party’s human research and ethics committee (“HREC”).
	 	 
	2.	The Indemnified Party agrees to participate by making its HREC available to provide review,
    approval and oversight of the conduct of the Study in accordance with the requirements of the NHMRC National Statement on Ethical
    Conduct in Human Research.
	 	 
	3.	In consideration of such participation by the Indemnified Party, subject to paragraph 4, the Sponsor
    indemnifies and holds harmless the Indemnified Party and its employees, agents and members of and advisors to its HREC in respect
    of and against all claims and proceedings (including any settlements or ex gratia payments made with the consent of
    the parties hereto and reasonable legal and expert costs and expenses) made or brought (whether successfully or otherwise) by or
    on behalf of Participants (including their dependants and children injured in utero through the participation of the child’s
    mother or father in the Study) against the Indemnified Party or any of its employees, agents or members of and advisors to its HREC
    for personal Injury (Including death) to Participants (and children injured in utero through the participation of the child’s
    mother or father in the Study) arising out of or relating to the administration and/or use of the product(s) under investigation
    or any clinical intervention or procedure provided for or required by the Protocol to which the Participants would not have been
    exposed but for the participation of the Participants in the Study.

 

Medicines Australia Form of Indemnity - HREC Review Only version 1 October 2012

 

    
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Site: Alfred Health
	 
	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 29 of 38

 

     

    

 

	4.	The above indemnity by the Sponsor will not apply to any such claim or proceeding referred to in paragraph 3:

 

	 	(1)	to the extent that such personal injury (including death) is caused by the negligent or wrongful acts or omissions or breach of statutory duty of the Indemnified Party or any of its employees, agents or members of or advisors to the HREC:
	 	 	 
	 	(2)	unless as soon as reasonably practicable following receipt of notice
of such daim or proceeding, the Indemnified Party notifies ii to the Sponsor in writing and al the Sponsor's request. and cost, has permitted
the Sponsor to have full care and control of the claim or proceeding using legal representation of its own choosing; or

	 	 	 
	 	(3)	if the Indemnified Party, its employees, agents, or members or and
advisors to its HREC have made any admission in respect or any such claim or proceeding or taken any action relating to any such claim
or proceeding prejudicial to the defence or any such claim or proceeding without the written consent of the Sponsor. Such consent will
not be unreasonably withheld. This condition will not be treated as breached by any statement properly made by members of and advisors
to the HREC in connection with the operation of the Indemnified Party's internal complaint procedures, accident reporting and quality
assurance procedures or disciplinary procedures or where such statement is required by law.

 

	5.	The Sponsor will keep the Indemnified Party and its legal advisers
fully informed of the progress of any such claim or proceeding, consult fully with the Indemnified Party on the nature of any defence
to be advanced and not settle any such claim or proceeding without the written approval of the Indemnified Party which approval is not
lo be unreasonably withheld.

	 	 
	6.	Without prejudice to the provisions of paragraphs 4(2) and 4(3), the
Indemnified Party will use reasonable endeavors to inform, the Sponsor promptly of any circumstances of which ii has knowledge and which
may reasonably be thought likely to give rise to any such claim or proceeding and will keep the Sponsor informed of developments in relation
to any such circumstances even where the Indemnified Party decides not to claim indemnity from the Sponsor. Likewise, the Sponsor will
use reasonable endeavors to inform the Indemnified Party of any such circumstances and will keep the Indemnified Party Informed of developments
in relation to any such claim or proceeding made or brought against the Sponsor alone.
	 	 
	7.	The Sponsor and the Indemnified Party will each give to the other such help as may reasonably be required for the efficient conduct and prompt handling of any claim or proceeding by or on behalf of Participants (including their dependants and children injured in utero through the participation of the child’s mother or father in the Study).
	 	 
	8.	Without prejudice to the foregoing, if injury is suffered by a Participant while participating in the Study, the Sponsor agrees to adhere to the “Guidelines for Compensation for Injury Resulting From Participation in a Company-sponsored Clinical Trial” published by Medicines Australia and will request the Investigator to make clear to the Participants that the Study is being conducted subject to those Guidelines.

 

Medicines Australia Form of Indemnity - HREC Review ONLY version 1 October 2012

 

    
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Site: Alfred Health
	 
	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 30 of 38

 

     

    

 

 

[***]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    
	Protocol Number: IHLOSAOLE1
Site: Alfred Health
	 
	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 31 of 38

 

     

    

  

MEDICINES AUSTRALIA
FORM OF INDEMNITY FOR CLINICAL TRIALS STANDARD

 

For use where the Indemnified Party is providing
premises for the conduct of the Study and HREC Review. OR is providing premises only.

 

		To:	Alfred
                                            Health, ABN 27 318 956 319 a body corporate established under the Health Services Act 1988
                                            (Vic) of Commercial Road, Melbourne 3004
                                            Victoria Australia or Alfred Health, in which the study is to be conducted (“the
                                            Indemnified Party”)

 

		From:	lncannex Healthcare Ltd Unit 207, 11 Solent Circuit Norwest 2153 New South Wales, Australia ABN 93
                                                                                      096 635 246 (“the Sponsor”)

 

		Re:	Clinical Study No. [IHLOSAOLE 1]: An Open Label Extension
on the Examination of the Combination of Dronabinol and Acetazolamide for Treatment of Obstructive Sleep Apnoea (OSA)

 

		1.	The Indemnified Party agrees to participate in the above sponsored study (“the Study”) involving
patients of the indemnified Party (“the Participants”) to be conducted by Professor Terence O’Brien (“the Investigator”)
in accordance with the above referenced protocol, as amended in writing from time to time with the agreement of the Sponsor and the Indemnified
Party (“the Protocol”). The Sponsor confirms that ii is a term of its agreement with the Indemnified Party that the Investigator
shall obtain all necessary approvals from a relevant and appropriate Human Research Ethics Committee (“HREC”) and the Indemnified
Party, where appropriate.

 

		2.	The Indemnified Party agrees to participate by allowing the Study to be undertaken on its premises or as otherwise agreed, utilising
such facilities, personnel and equipment as may reasonably be required for the Study.

 

		3.	In consideration of such participation by the Indemnified Party, subject
to paragraph 4. the Sponsor indemnifies and holds harmless the Indemnified Party and its employees, agents, and if the HREC is the ethics
committee of the Indemnified Party, the members of and advisors to Its HREC (collectively the Indemnified"), in respect of and against
all claims and proceedings (including any settlements or ex gratia payments made with the consent of the parties hereto and reasonable
legal and expert costs and expenses) made or brought (whether successfully or otherwise) by or on behalf of Participants (including their
dependants and children injured in utero through the participation or the child's mother or father in the Study) against any of
the Indemnified for personal injury (including death) to Participants (and children injured in utero through the participation
of the child's mother or father In the Study) arising out of or relating to the administration and/or use of the product(s) under investigation
or any clinical intervention or procedure provided for or required by the Protocol to which the Participants would not have been exposed
but for the participation or the Participants in the Study

 

Medicines Australia Form of Indemnity Standard version 1 October
2012

 

    
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Site: Alfred Health
	 
	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 32 of 38

 

     

    

 

		4.	The above indemnity by the Sponsor will not apply to any such claim
or proceeding referred to in paragraph 3:

 

		(1)	to the extent that such personal injury (including death)
is caused by the negligent or wrongful acts or omissions or breach of statutory duty of the Indemnified;

 

		(2)	to the extent that such personal injury (including death) is caused by the failure of the Indemnified Party, its employees, or agents
to conduct the Study strictly in accordance with the Protocol;

 

		(3)	unless as soon as reasonably practicable following receipt of notice of such claim or proceeding, the Indemnified Party notifies
                                                               it to the Sponsor in writing and at the Sponsor’s request. and cost, has permitted the Sponsor to have full care and control
                                                               of the claim or proceeding using legal representation of its own choosing; or

 

		(4)	if any of the Indemnified have made any admission in respect of any such claim or proceeding or taken any action relating to any such
claim or proceeding prejudicial to the defence of any such claim or proceeding without the written consent of the Sponsor. Such consent
will not be unreasonably withheld. This condition will not be treated as breached by any statement properly made by any of the Indemnified
in connection with the operation of the Indemnified Party’s internal complaint procedures, accident reporting and quality assurance procedures
or disciplinary procedures or where such statement is required by law.

 

		5.	The Sponsor will keep the Indemnified Party and its legal advisers
fully informed of the progress of any such claim or proceeding, consult fully with the Indemnified Party on the nature of any defence
to be advanced and not settle any such claim or proceeding without the written approval of the Indemnified Party which approval is not
to be unreasonably withheld.

 

		6.	Without prejudice to the provisions of paragraphs 4(3) and 4(4), the Indemnified Party will use reasonable endeavors to inform
                                                          the Sponsor promptly of any circumstances of which it has knowledge and which may reasonably be thought likely to give rise to any
                                                          such claim or proceeding and will keep the Sponsor informed of developments in relation to any such circumstances even where the
                                                          Indemnified Party decides not to claim indemnity from the Sponsor. Likewise, the Sponsor will use reasonable endeavors to inform the
                                                          Indemnified Party of any such circumstances and will keep the Indemnified Party informed of developments in relation to any such
                                                          claim or proceeding made or brought against the Sponsor alone.

 

		7.	The Sponsor and the Indemnified Party will each give lo the other
such help as may reasonably be required for the efficient conduct and prompt handling of any claim or proceeding by or on behalf of Participants
(including their dependants and children injured in utero through the participation of the child’s mother or father in the Study).

 

		8.	Without prejudice to the foregoing, if injury is suffered by a Participant while participating in the Study, the Sponsor agrees to
adhere to the “Guidelines for Compensation for Injury Resulting From Participation in a Company-sponsored Clinical Trial’ published
by Medicines Australia and will request the Investigator to make clear to the Participants that the Study is being conducted subject to
those Guidelines.

 

Medicines Australia Form of Indemnity Standard version 1 October
2012

 

    
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Site: Alfred Health
	 
	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 33 of 38

 

     

    

 

		9.	For the purpose of this indemnity, the expression agents is deemed to include, but is not limited to:

 

		(1)	any person carrying out activities for the Indemnified Party
under a contract connected with such of the Indemnified Party’s facilities and equipment as are made available for the Study under paragraph
2: and

 

		(2)	any health professional providing services to the Indemnified Party under a contract for services or otherwise.

 

		10.	This indemnity will be governed by and construed in accordance with the laws applicable in the State or Territory in which the Indemnified
Party is established.

 

DATED
the         day of             in the year

 

SIGNED
by a duly authorised representative of the Sponsor who certifies that they have authority to sign on behalf of the Sponsor 

 

	 	
	 	(Signature)
	 	 
	 	Joel Latham
	 	(Name)
	 	 
	 	Managing Director & CEO
	 	(Position)

 

SIGNED
by the Chief Executive or a duly authorised representative of the Indemnified Party

 

	 	 
	 	(Signature)
	 	 
	 	 
	 	(Name)
	 	 
	 	 
	 	(Position)

 

Medicines Australia Form of Indemnity Standard version 1 October
2012

 

    
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	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 34 of 38

 

     

    

 

Schedule
4

 

Insurance
Arrangements

 

 

Certificate
of Currency

 

Clinical
Trials Insurance Policy

 

	Policy No:	AUS20989S94A
	 	 
	Name Insured:	Incannex Healthcare Ltd
	 	 
	Specified Clinical Trial(s):	Specified clinical trial: An Open Label Extension on
    the Examination of the Combination or Dronabinol and Acetazolamide ror Treatment or Obstructive Sleep Apnoea (OSA)

Protocol number: IHLOSAOLE1

Trial location: Australia
	 	 
	Period of Insurance	From
4pm on 15 February 2021to 4pm on 15 February 2022 

	 	 
	Limit of liability:	AUD any one Clalm 10,000,000
	 	 
	Overall Policy	AUD
    10,000,000 in the annual aggregate any one Period of Insurance

    

    

	 	 
	limit:	 
	 	 
	Excess:
	NIL

    

	 	 
	Retroactive Date	15
    February 2021

    

	 	 
	Extended
    Period:

    
	Reportlne
12 months (other than 72 months in respect of QLD & WA)

	 	 
	Territorial limits:	Australia
    and New Zealand

    

	 	 
	Underwriting:
    Security:

    
	Newline Australia Insurance Pty Ltd onbehalf of Lloyds
    Newline Syndicate 1218 at Lloyd’s (NWL1218)
	 	 
	Approved
    by:

    
	Craig
    Rowsell

    

	 	 
	 	
	 	 
	Date:	21 December 2020

 

 

This
Certificate of Currency is current at the Date of Issue only and is issued as a matter of information only, conferring no rights upon
the holder. Coverage is always subject to policy terms, conditions, limitation, exclusions and endorsements. This Certificate does not
extend, amend or alter such coverage.

 

For
the avoidance of doubt, Named Insured may include other parties as defined in the Policy..

 

 

Newline
Australia Insurance Pty Ltd AON 81118 089651

PO
Box 16208, Collins St West, VIC 8007

(T)
03 9999 1906 (f) 03 9670 0045

(E)
admin@newlinegroup.com.au

 

    
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	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 35 of 38

 

     

    

 

Schedule 5

 

Guidelines for Compensation for
Injury Resulting from Participation in a Company-Sponsored Trial

 

Copy available online at:

http://medicinesaustralia.eom.au/issues-information/clinical-trials/indemity-and-compensation-guidelines/

 

    
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	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 36 of 38

 

     

    

 

Schedule 6

Study Protocol Identification

 

	 	 
	 	 
	Full Title:	An Open Label Extension on the Examination of the Combination of Dronabinol and Acetazolamide focJreatment of Obstructive Sleep
    Apnoea (OSA)  
	 	 
	Version Number:	1
	 	 
	Date:	25 NOV 2020
	 	 
	List of Key Attachments:	NIL
	 	 
	 	 
	 	 
	 	 
	 	 

 

    
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	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 37 of 38

 

     

    

 

Schedule 7

Special Conditions

 

There are
no special conditions.

This page
is blank.

 

    
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	Medicines Australia Standard CTRA 8 March 2017 (revised)	Page 38 of 38

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