Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 58

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 58
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 or she has then-current fiduciary or contractual           
 obligations, he or she will honor his or her fiduciary or contractual obligations to present such opportunity to such entity. In             
 addition, our officers, Larry G. Swets, Jr. and Hassan R. Baqar have indirect interests in our sponsor and own membership interests          
 of our sponsor. The remaining membership interests are held by third party investors that are not affiliated with members of our             
 management.                                                                                                                                  |
|              |     | Our amended and restated certificate of incorporation                                                                                        
 will provide that, to the fullest extent permitted by applicable law: (i) no individual serving as a director or an officer                  
 shall have any duty, except and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the          
 same or similar business activities or lines of business as us, and (ii) we renounce any interest or expectancy in, or in being              
 offered an opportunity to participate in, any potential transaction or matter which may be a corporate opportunity for any director          
 or officer, on the one hand, and us, on the other. The purpose for the surrender of corporate opportunities is to allow officers,            
 directors or other representatives with multiple business affiliations to continue to serve as an officer of our company or on our           
 board of directors. Our officers and directors may from time to time be presented with opportunities that could benefit both another         
 business affiliation and us. In the absence of the “corporate opportunity” waiver in our charter, certain candidates                         
 would not be able to serve as an officer or director. We believe we substantially benefit from having representatives who bring significant, 
 relevant and valuable experience to our management, and, as a result, the inclusion of the “corporate opportunity” waiver                    
 in our amended and restated certificate of incorporation will provide us with greater flexibility to attract and retain the officers         
 and directors that we feel are the best candidates. However, based on the existing relationships of our sponsor, directors and officers,     
 their level of financial investment in us and the potential loss of such investment if no business combination is consummated, the           
 fact that we may consummate a business combination with a target in a broad range of sectors, and that the type of transaction that          
 we would target would be of a nature substantially different than what they would target, we do not believe that the fiduciary duties        
 or contractual obligations of our officers or directors will materially affect our ability to complete our initial business combination.