Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 284

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 284
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 of the company’s memorandum and articles of association and may provide that a director may be removed for any or no reason and that, in addition to shareholders, the board of directors may be granted the power to remove a director. | ​ |

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TABLE OF CONTENTS

| Provision                      | ​ | ​ | Delaware                                                                                                                                                                                                                                                                                                                                       | ​ | ​ | Cayman Islands                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | ​ |
| ​                              | ​ | ​ | removed, no director may be removed without cause if the votes cast against such director’s removal would be sufficient to elect such director if then cumulatively voted at an election of the entire board.                                                                                                                                  | ​ | ​ | ​                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | ​ |
| Number of Directors            | ​ | ​ | The number of directors is fixed by the bylaws, unless the certificate of incorporation fixes the number of directors, in which case a change in the number of directors shall be made only by amendment of the certificate of incorporation. The bylaws may provide that the board may increase the size of the board and fill any vacancies. | ​ | ​ | Subject to the memorandum and articles of association, the board may increase the size of the board and fill any vacancies.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | ​ |
| Classified or Staggered Boards | ​ | ​ | Classified boards are permitted.                                                                                                                                                                                                                                                                                                               | ​ | ​ | Classified boards are permitted.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | ​ |
| Fiduciary Duties of Directors  | ​ | ​ | Directors must exercise a duty of care and duty of loyalty and good faith to the company and its stockholders.                                                                                                                                                                                                                                 | ​ | ​ | As a matter of Cayman Islands law, a director owes three types of duties to the company: (i) statutory duties, (ii) fiduciary duties, and (iii) common law duties. The Cayman Companies Act imposes a number of statutory duties on a director. A Cayman Islands director’s fiduciary duties are not codified, however the courts of the Cayman Islands have held that a director owes the following fiduciary duties (a) a duty to act in what the director bona fide considers to be in the best interests of the company, (b) a duty to exercise their powers for the purposes they were conferred, (c) a duty to avoid fettering his or her discretion in the future and (d) a duty to avoid conflicts of