Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 221

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 11
Chunk 221
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 Trust account, allowing the Company to extend
the period of time it has to consummate its initial Business Combination from November18, 2024 to December 18, 2024. On December 18,
2024, the Company caused to be deposited $37,744 into the Company’s Trust account, allowing the Company to extend the period of
time it has to consummate its initial Business Combination from December 18, 2024 to January 18, 2025. On January 18, 2025, the Company
caused to be deposited $37,744 into the Company’s Trust account, allowing the Company to extend the period of time it has to consummate
its initial Business Combination from January 18, 2025 to February 18, 2025. On February 18th, 2025, the Company caused to
be deposited $37,744 into the Company’s Trust account, allowing the Company to extend the period of time it has to consummate its
initial Business Combination from February 18, 2025 to March 18, 2025. On March 18th, 2025, the Company caused to be deposited
$37,744 into the Company’s Trust account, allowing the Company to extend the period of time it has to consummate its initial Business
Combination from March 18, 2025 to April 18, 2025.

Each
deposit made by the Sponsor in connection with the extension of the combination period described herein shall be referred to herein as
an “Extension Loan” and collectively, the “Extension Loans”.

As
of December 31, 2024, there was $3,537,744 outstanding under the Extension Loans from the Sponsor. As of the date of this filing, there
was $3,650,976 outstanding under the Extension Loans from the Sponsor.

36

Each
Extension Loan was made in the form of non-interest-bearing promissory notes. If the Company completes its initial Business Combination,
the Company will, at the option of the Sponsor, repay the Extension Loans out of the proceeds of the Trust Account released to the Company
or convert a portion or all of the total loan amount into units at a price of $10.00 per unit, which units will be identical to the private
units. If the Company does not complete a Business Combination, the Company will repay such loans only from funds held outside of the
Trust Account. Furthermore, the letter agreement among the Company and