Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 355

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 355
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 Summary of the Incentive Plan
The following paragraphs provide a summary of principal features of the Incentive Plan and its operation. However, this summary is not a complete description of all provisions of the Incentive Plan and is qualified in its entirety by the specific language of the Incentive Plan.

#### Purposes of the Incentive Plan
The purposes of the Incentive Plan are to (i) encourage the profitability and growth of Pubco through short-term and long-term incentives that are consistent with Pubco’s objectives; (ii) give participants an incentive for excellence in individual performance; (iii) promote teamwork among participants; and (iv) give Pubco a significant advantage in attracting and retaining key employees, directors and consultants. These incentives will be provided through the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, performance-based awards, and other stock- and cash-based awards as the administrator of the Incentive Plan may determine.

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#### Authorized Shares
Subject to the adjustment provisions contained in the Incentive Plan, the maximum number of shares of Pubco Common stock that may be issued pursuant to awards under the Incentive Plan is (i) shares of Pubco Common stock, plus (ii) any shares of Pubco Common stock subject to stock options or other awards that were assumed in the Business Combination, with the maximum number of shares to be added to the Incentive Plan pursuant to clause (ii) equal to an anticipated shares of Pubco Common stock. The Incentive Plan also includes an evergreen provision that provides for an automatic annual increase plan on the first day of each calendar year to the number of shares of Pubco Common stock available for issuance under the Incentive Plan, equal to the lesser of:

•

% of the total number of shares of Pubco Common stock issued and outstanding on a fully-diluted basis as of the last day of the immediately preceding Calendar year; or

•

Such lesser amount determined by the administrator.

Generally, any shares of Pubco Common stock subject to an award under the Incentive Plan that are forfeited, canceled, settled or otherwise terminated without a distribution of shares of Pubco Common stock to a participant will thereafter be deemed to again be available for awards. In applying the immediately preceding sentence, if (i) shares of Pubco Common stock otherwise issuable or issued in respect of, or as part of, any award are withheld to cover taxes