Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 642

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 642
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INGENCIES General litigation From time to time, the Company may be subject to legal proceedings, claims, and liabilities that arise in the ordinary course of business. The Company is not aware of any pending litigation as of the date of this report, and therefore, in the opinion of management and based upon the advice of its outside counsels any potential liability from such matters would not be material to the Company’s financial position, results of operations, and cash flows. BES BES historically leased offices from third parties classified as an operating lease. The lease, however, was terminated on December 8, 2023 because the CEO’s private company bought the building and eliminated the monthly rent costs to Btab Ecommerce Group. Lease — TE TE entered into a lease agreement on July 1, 2023, with a related party, to lease an office located at 743 Marshall Road, Malaga, WA, 6090 for $133,655 (AUD $203,247) per year payable in monthly installments of $11,138 (AUD $16,937). 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                       | ​ | ​ | ​ | $ |  70,898 | ​ | ​ |
| 2026                       | ​ | ​ | ​ | $ |  70,898 | ​ | ​ |
| 2027                       | ​ | ​ | ​ | ​ |       — | ​ | ​ |
| Total future lease payment | ​ | ​ | ​ | $ | 141,796 | ​ | ​ |

TE entered into another lease agreement on July 1, 2023, with a related party to lease an office located at Unit 2,1 Principal Link, Malaga, WA 6090 for $86,229 (AUD $131,127