Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 694

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 694
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 did not apply it. No leasehold improvements were made in connection with this lease as of December 31, 2024. Lounge Innovation WA Pty Ltd has net off $356,289 (AUD $540,000) of total rental expenses for the year ended December 31, 2024 from the loan receivable from Property Holdings WA Pty Ltd, a related company that holds the leased property, with Anthony Menna as its sole director. Additionally, the loan receivable gets reduced by a 10% GST in the amount of AUD $54,000 or $11,093 at year end currency rates. Notes payable The Company has an unsecured note payable with an unrelated entity for $300,000 signed on December 31, 2015, with a maturity date of December 31, 2020. The note carries an annual interest rate of 4% and a default interest rate of 10%. Interest is payable monthly. On December 31, 2020, the note fell into default and all outstanding principal and interest is due on demand. The default interest was waived for 2024 and 2023. The following are the terms and balances owed for the note payable:

| ​          
 Effective  | ​ 
 ​ | ​ 
 ​ | InterestRate 
 2024         |   |    |   | ​ 
 ​ | ​ 
 ​ | Default InterestRate 
 2023                 |   |     |   | ​ 
 ​ | ​ | OriginalPrincipal |   |         |   | ​ | ​ | MaturityDate |   |            |   | ​ | ​ | Note payable Balanceas of December 31, |   |         |   |   |   |   |   |         |   | ​ |
|:-----------|:--|:--|:-------------|:--|:---|:--|:--|:--|:---------------------|:--|:----|:--|:--|:--|:------------------|:--|--------:|:--|:--|:--|:-------------|:--|:-----------|:--|:--|:--|:---------------------------------------|:--|--------:|:--|:--|:--|:--|:--|--------:|:--|:--|
| 12/31/2015 | ​ | ​ | ​            | ​ | 4% | ​ | ​ | ​ | ​                    | ​ | 10% |