Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 643

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 643
---
) per year payable in monthly installments of $7,186 (AUD $10,927). The lease expires on June 30, 2026. The first 12 months of lease payments were abated, all future payments after the first year of payments have an increase of 3% per year. In accordance with ASC 842, all future lease payments were discounted by the incremental borrowing rate of 7% to determine the present value of the lease at inception and the cost basis of the ROU assets. Future minimum lease payments, exclusive of common area maintenance, are as follows:

| Six Months Ended June 30, | ​ | ​ | ​ | ​ |      ​ | ​ | ​ |
|:--------------------------|:--|:--|:--|:--|-------:|:--|:--|
| 2025                      | ​ | ​ | ​ | $ | 45,740 | ​ | ​ |
| 2026                      | ​ | ​ | ​ | $ | 45,740 | ​ | ​ |
| 2027                      | ​ | ​ | ​ | ​ |      — | ​ | ​ |

F-81

TABLE OF CONTENTS

BTAB ECOMMERCE GROUP, INC. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS NOTE 13 — COMMITMENTS AND CONTINGENCIES (continued)

| Six Months Ended June 30,  | ​ | ​ | ​ | ​ |      ​ | ​ | ​ |
|:---------------------------|:--|:--|:--|:--|-------:|:--|:--|
| Total future lease payment | ​ | ​ | ​ | $ | 91,480 | ​ | ​ |
| ​                          |   |   |   |   |        |   |   |

The lessor of both leases is TE Wang Family Trust, a related party under ASC 850, as it is controlled by members of the Wang family. Qun Hua Wang, a Director of TE, is a principal of the trust and also one of the lease signatories. Accordingly, this arrangement represents a common control lease as defined under ASU 2023-01. The lease was negotiated on a non-market basis and includes non-standard terms such as full first-year rent abatement and annual escalation clauses. Management has assessed the legally enforceable terms and conditions of this lease to determine the lease classification as an operating lease and ROU asset valuation, as the