Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 281

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 281
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 purposes:

| ● | a                                                                                             
 non-resident alien individual (other than certain former citizens and residents of the United 
 States subject to U.S. tax as expatriates);                                                   |

| ● | a                      
 foreign corporation or |

| ● | an                                         
 estate or trust that is not a U.S. holder; |

but generally does not include an individual who is present in the
United States for 183 days or more in the taxable year of disposition. If you are such an individual, you should consult your tax advisor
regarding the U.S. federal income tax consequences of the acquisition, ownership or sale or other disposition of our securities.

Taxation of Distributions.

In general, any distributions (including constructive
distributions) we make to a Non-U.S. holder of shares of our common stock, to the extent paid out of our current or accumulated earnings
and profits (as determined under U.S. federal income tax principles), will constitute dividends for U.S. federal income tax purposes
and, provided such dividends are not effectively connected with the Non-U.S. holder’s conduct of a trade or business within the
United States, we will be required to withhold tax from the gross amount of the dividend at a rate of 30%, unless such Non-U.S. holder
is eligible for a reduced rate of withholding tax under an applicable income tax treaty and provides proper certification of its
eligibility for such reduced rate (usually on an IRS Form W-8BEN or W-8BEN-E). Any distribution not constituting a dividend will
be treated first as reducing (but not below zero) the Non-U.S. holder’s adjusted tax basis in its shares of our common stock and,
to the extent such distribution exceeds the Non-U.S. holder’s adjusted tax basis, as gain realized from the sale or other disposition
of the common stock, which will be treated as described under “Non-U.S. Holders — Gain on Sale, Taxable Exchange or Other
Taxable Disposition of Common Stock and Rights” below. In addition, if we determine that we are classified as a “United States
real property holding corporation” (see “Non-U.S. Holders — Gain on Sale, Taxable Exchange or Other Taxable Disposition
of Common Stock and Rights” below), we will withhold 15% of any distribution that exceeds our current and accumulated earnings
and profits.

Dividends we pay to a Non-U.S. holder that are
effectively connected with the Non