Company: WELNF
Filing Date: 2025-11-17
Form Type: DEF 14A
Source: 0001104659-25-113213
Chunk: 82

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-17
Form: DEF 14A
Chunk 82
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 the due date (including extensions) for filing such Redeeming U.S. Holder’s tax return for the taxable year for which the
election relates. A Redeeming U.S. Holder may make a separate election to defer the payment of taxes on undistributed income inclusions
under the QEF rules, but if deferred, any such taxes will be subject to an interest charge.

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A Redeeming U.S. Holder may
not make a QEF election with respect to its warrants to acquire our shares. As a result, if a Redeeming U.S. Holder sells or otherwise
disposes of such warrants (other than upon exercise of such warrants), any gain recognized generally will be subject to the special tax
and interest charge rules treating the gain as an excess distribution, as described above, if we were a PFIC at any time during the
period the Redeeming U.S. Holder held the warrants. If a Redeeming U.S. Holder that exercises such warrants properly makes a QEF election
with respect to the newly acquired shares (or has previously made a QEF election with respect to our shares), the QEF election will apply
to the newly acquired shares, but the adverse tax consequences relating to PFIC shares, adjusted to take into account the current income
inclusions resulting from the QEF election, will continue to apply with respect to such newly acquired shares (which generally will be
deemed to have a holding period for purposes of the PFIC rules that includes the period the Redeeming U.S. Holder held the warrants),
unless the Redeeming U.S. Holder makes a purging election. The purging election creates a deemed sale of such shares at their fair market
value. The gain recognized by the purging election will be subject to the special tax and interest charge rules treating the gain
as an excess distribution, as described above. As a result of the purging election, the Redeeming U.S. Holder will have a new basis and
holding period in the shares acquired upon the exercise of the warrants for purposes of the PFIC rules.

The QEF election is made
on a shareholder-by-shareholder basis and, once made, can be revoked only with the consent of the IRS. A QEF election may not be made
with respect to our warrants. A Redeeming U.S. Holder generally makes a QEF election by attaching a completed IRS Form 8621 (Return
by a Shareholder of a Passive Foreign Investment Company or Qualified Electing