Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 292

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 292
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 specifies that directors’ terms                                                                                                                                                                                                                                                                                                                                                                                                                         | ​ | ​ | Section 5.03 of the Proposed Charter classifies directors into                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | ​ |

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TABLE OF CONTENTS

| Provision            | ​ | ​ | Btab Charter/Btab Bylaws/GeorgiaBusiness Corporate Code                                                                                                                                                                                                                                                                                                                                                | ​ | ​ | Proposed Charter/Proposed Bylaws/Delaware General Corporate Law                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | ​ |
| ​                    | ​ | ​ | shall expire as of the annual meeting of Btab Shareholders.                                                                                                                                                                                                                                                                                                                                            
 Pursuant to Section 1.1 of the Btab Bylaws, directors shall be elected at an annual meeting. Pursuant to Section 1.7 of the Btab Bylaws, the affirmative vote of the majority of the shares represented at the meeting and entitled to vote shall be the act of the shareholders unless otherwise provided by law.                                                                                     
 Section 14-2-728 of the GBCC states that, unless otherwise provided for in the articles of incorporation or a bylaw that fixes a greater voting requirement for election of directors that is adopted by the board of directors, directors are elected by a plurality of votes cast by the shares entitled to vote in the election. Such action may only be taken at a meeting if a quorum is present. | ​ | ​ | Class I, Class II and Class III directors, with the initial term of Class I Directors expiring at the first annual meeting of the stockholders after the Company Merger Effective Time, Class II Directors at the second annual meeting of the stockholders thereafter, and Class III Directors at the third annual meeting of the stockholders. Directors shall be elected by a plurality of the votes cast at an annual meeting of stockholders by holders of the Common Stock and Class V Stock.                                                                                                                                                                                                                              
 In addition, Section 3.12 of the Proposed Bylaws state for so long as Binson Lau or his affiliates own, directly or indirectly, a majority of the voting power of the then outstanding shares of capital stock of the corporation then entitled to vote generally in the election of directors (which, for the avoidance of doubt includes the Class V Common Stock), Mr. Lau shall be a member of the Board of Directors. The Corporation shall take such action as may be necessary to nominate Mr. Lau to the Board of Directors, and to the extent that he is not elected by the Corporation’s stockholders, the Board of Directors shall increase the number of Directors and appoint Mr. Lau to the newly-created