Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 233

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 233
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 that
our officers and directors will be indemnified by us to the fullest extent authorized by Nevada law, as it now exists or may in the future
be amended. In addition, our amended and restated articles of incorporation will provide that our directors will not be personally liable
for monetary damages to us or our stockholders for breaches of their fiduciary duty as directors, unless they violated their duty of
loyalty to us or our stockholders, acted in bad faith, knowingly or intentionally violated the law, authorized unlawful payments of dividends,
unlawful stock purchases or unlawful redemptions, or derived an improper personal benefit from their actions as directors.

We will enter into agreements with our officers and directors to provide
contractual indemnification in addition to the indemnification provided for in our amended and restated articles of incorporation. Our
bylaws also will permit us to secure insurance on behalf of any officer, director or employee for any liability arising out of his or
her actions, regardless of whether Nevada law would permit such indemnification. We will purchase a policy of directors’ and officers’
liability insurance that insures our officers and directors against the cost of defense, settlement or payment of a judgment in some
circumstances and insures us against our obligations to indemnify our officers and directors. Except with respect to any public shares
they may acquire in this offering or thereafter (in the event we do not consummate an initial business combination), our officers and
directors have agreed to waive (and any other persons who may become an officer or director prior to the initial business combination
will also be required to waive) any right, title, interest or claim of any kind in or to any monies in the trust account, and not to
seek recourse against the trust account for any reason whatsoever, including with respect to such indemnification.

These provisions may discourage stockholders from bringing a lawsuit
against our directors for breach of their fiduciary duty. These provisions also may have the effect of reducing the likelihood of derivative
litigation against officers and directors, even though such an action, if successful, might otherwise benefit us and our stockholders.
Furthermore, a stockholder’s investment may be adversely affected to the extent we pay the costs of settlement and damage awards
against officers and directors pursuant to these indemnification provisions.

We believe that these provisions, the directors’ and officers’
liability insurance and the indemnity agreements are necessary to attract and retain talented and experienced officers and directors.

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