Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 449

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 449
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 the compensation committee. The Combined Company board of directors is expected to determine that each proposed member of its compensation committee is independent under the applicable Nasdaq listing rules, and each proposed member is a “non-employee director” as defined in Rule 16b-3 promulgated under the Exchange Act.

The primary function of the compensation committee is to assist the Combined Company’s board of directors with oversight of the Combined Company’s compensation structure, policies and programs and to review the processes and procedures for the consideration and determination of the Combined Company’s director and executive compensation.

The Combined Company’s compensation committee will operate under a written charter, which the Combined Company’s board of directors will adopt in connection with the Closing, that satisfies the applicable Nasdaq listing rules.

Nominating and Corporate Governance Committee

The nominating and corporate governance committee is expected to consist of Paolo Tiramani, Galiano Tiramani and Zvi Yemini. [●] is expected to serve as the chair of the nominating and corporate governance committee. The Combined Company board of directors is expected to determine that each proposed member of the nominating and corporate governance committee is independent under applicable Nasdaq listing rules.

The primary function of the nominating and corporate governance committee is to consider candidates for the Combined Company’s board of directors, oversee the Combined Company’s corporate governance policies, reporting and making recommendations to the Combined Company’s board of directors concerning governance matters and oversight of the evaluation of the Combined Company’s board of directors.

The Combined Company’s nominating and corporate governance committee will operate under a written charter, which the Combined Company’s board of directors will adopt in connection with the Closing, that satisfies the applicable Nasdaq listing rules.

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Controlled Company Exception At the Closing, due to the ownership by BOXABL’s executive officers of the Combined Company Common Stock, the Combined Company will be considered a “ controlled company ” within the meaning of the Nasdaq listing rules. Under the Nasdaq listing rules, a company of which more than 50.0% of the voting power is held by an individual, a group or another company is a “ controlled company ” and may elect not to comply with certain corporate governance listing standards, including the following:

| ● | the requirement that a majority of its board of directors consist of independent directors; |

| ● | the requirement to maintain a compensation committee that is composed entirely of independent directors with a written charter addressing the committee’s purpose and responsibilities; and |

| ● | the requirement that director nominations