Company: WELNF
Filing Date: 2025-10-31
Form Type: PRE 14A
Source: 0001104659-25-104954
Chunk: 73

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-10-31
Form: PRE 14A
Chunk 73
---

assurance can be given that the IRS would not assert, or that a court would not sustain, a position contrary to any of the tax considerations
described below. No advance ruling has been or will be sought from the IRS regarding any matter discussed in this summary. This summary
does not discuss the impact that U.S. state and local taxes and taxes imposed by non-U.S. jurisdictions could have on the matters discussed
in this summary. This summary does not purport to discuss all aspects of U.S. federal income taxation that may be important to a particular
shareholder in light of its investment or tax circumstances or to shareholders subject to special tax rules, such as:

| · | financial institutions or financial services entities; |

| · | broker-dealers; |

| · | taxpayers that are subject to the mark-to-market tax accounting rules; |

| · | tax-exempt entities; |

| · | governments or agencies or instrumentalities thereof; |

| · | insurance companies; |

| · | regulated investment companies; |

| · | real estate investment trusts; |

| · | persons liable for alternative minimum tax; |

| · | expatriates or former long-term residents of the United States; |

| · | persons that actually or constructively own five percent or more of our voting shares; |

| · | persons that acquired our securities pursuant to an exercise of employee share options, in connection |

| · | with employee share incentive plans or otherwise as compensation; |

| · | persons that hold our securities as part of a straddle, constructive sale, hedging, conversion or other |

| · | integrated or similar transaction; |

| · | U.S. Holders (as defined below) whose functional currency is not the U.S. dollar; |

| · | controlled foreign corporations; or |

| · | passive foreign investment companies. |

<div align='center'>48</div>

If any partnership (including
for this purpose any entity treated as a partnership for U.S. federal income tax purposes) holds shares, the tax treatment of a partner
generally will depend on the status of the partner and the activities of the partner and the partnership. This summary does not address
any tax consequences to any partnership that holds our securities (or to any direct or indirect partner of such partnership). If you are
a partner of a partnership holding the Company’s securities, you should consult your tax advisor.

This summary assumes that
shareholders hold the Company’s securities as capital assets within the meaning of Section