Company: WELNF
Filing Date: 2025-12-04
Form Type: DEFA14A
Source: 0001104659-25-118484
Chunk: 43

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-12-04
Form: DEFA14A
Chunk 43
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 obligations or other long-term liabilities, other than
described below.

We have an agreement to pay
our sponsor a monthly fee of $10,000 for office space, utilities and administrative support until the earlier of the completion of an
initial business combination and our liquidation. For the three months ended September 30, 2025 and the year ended December 31, 2024,
our sponsor has waived any payments under this agreement.

The underwriters of the initial
public offering are entitled to a deferred fee $4,025,000. The deferred fee will become payable to the underwriters from the amounts held
in the Trust Account solely in the event that we complete our initial business combination, subject to the terms of the underwriting agreement.

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Promissory Note – Related Party

In March 2023, the Prior Sponsor
issued an unsecured promissory note to the Company (the “Extension Note”) in connection with the extension payment made by
the Prior Sponsor to extend the Termination Date from March 13, 2023 to June 13, 2023. The Extension Note is non-interest bearing and
payable on the earlier of the date the business combination is consummated or the liquidation of the Company. As of September 30, 2025,
the Company had borrowed $1,150,000, the maximum amount under the Extension Note with no repayments or additional borrowings.

In June 2023, the Prior Sponsor
issued an additional unsecured promissory note to the Company (the “Second Extension Note”) in connection with the shareholder
approval to extend the date which the Company must consummate an initial business combination from June 13, 2023 for up to an additional
six months to December 13, 2023. The Second Extension Note is non-interest bearing and payable on the earlier of the date the business
combination is consummated or the liquidation of the Company. The Second Extension Note has a principal amount up to $960,000, and the
Prior Sponsor previously deposited $640,000 pursuant to such note to extend the time by which the Company has to complete an initial Business
Combination from June 13, 2023 to October 13, 2023. Sriram assumed the monthly extension deposits and a designee and affiliate of Sriram
paid for the final two extension deposits to extend the time by which the Company has to complete an initial Business Combination from