Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 645

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 645
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 should be classified as an operating lease. As a public business entity, the Company is not eligible to apply the practical expedient available to private entities under ASC 842-10-15-3A, and therefore did not apply it. No leasehold improvements were made in connection with this lease as of June 30, 2025. Lounge Innovation WA Pty Ltd has net off $182,555 (AUD $280,800) of total rental expenses for the six months ended June 30, 2025 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 $18,256 (AUD $28,080) at interim period currency rates.

F-82

TABLE OF CONTENTS

BTAB ECOMMERCE GROUP, INC. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS NOTE 13 — COMMITMENTS AND CONTINGENCIES (continued) 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 2025 and 2024. The following are the terms and balances owed for the note payable:

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 InterestRate | ​ | ​  | ​ | ​ 
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 Default InterestRate | ​ | ​   | ​ | ​ 
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 OriginalPrincipal | ​ |       ​ | ​ | ​ 
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 MaturityDate | ​ | ​          | ​ | ​ 
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 ​ | Note Payable Balance as of 
 June 30,2025               |   |         |   | ​ | ​ | December 31,2024 |   |         |   | ​ 
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|:-----------|:--|:--|:-------------|:--|:---|:--|:--|:--|:---------------------|:--|:----