Company: WELNF
Filing Date: 2025-12-04
Form Type: DEFA14A
Source: 0001104659-25-118484
Chunk: 44

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-12-04
Form: DEFA14A
Chunk 44
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October 13, 2023 to December 13, 2023, contributing $320,000 to the Trust Account. The contributions by a designee and affiliate of Sriram
were not pursuant to the Second Extension Note and instead are recorded as a liability on the consolidated balance sheets.

In December 2023, the Company
issued a promissory note (the “Third Extension Note”) in the aggregate principal amount of up to $1,500,000 to Sriram, pursuant
to which Sriram agreed to loan the Company up to $1,500,000 in connection with the extension of the Company’s Termination Date from
December 13, 2023 to December 13, 2024. The Third Extension Note bears no interest and is repayable in full upon the earlier of (a) the
date of the consummation of the Company’s initial Business Combination, and (b) the date of the liquidation of the Company.

On January 14, 2025, the Company
issued an amended and restated promissory note (the “January 2025 Note”) in the aggregate principal amount of up to $4,000,000
to the Sponsor. Such note amends and restates in its entirety the Third Extension Note. The Sponsor may elect to convert up to a maximum
amount of $1.5 million of the unpaid principal balance under the January 2025 Note relating to working capital expenses into such number
of ordinary shares (the “Conversion Shares”) equal to: (x) the portion of the principal amount of the January 2025 Note being
converted divided by (y) the conversion price of $1.00, rounded up to the nearest whole number of ordinary shares. The note is payable
in cash or the Conversion Shares which are issuable upon the consummation of the Company’s initial business combination. The note
bears no interest and is repayable in full upon the earlier of (a) the date of the consummation of the Company’s initial business
combination, and (b) the date of the liquidation of the Company. As of September 30, 2025, the Company had borrowed $3,676,223 under the
January 2025 Note.

Registration Rights Agreement

The holders of the Founder
Shares, Private Placement Warrants, and warrants that may be issued upon conversion of Working Capital Loans (and any Class A ordinary
shares issuable upon the exercise of the Private Placement