Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 220

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 220
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 services to be                                                                                    
 provided by the independent auditors or any other registered public accounting firm engaged by us, and establishing pre-approval        
 policies and procedures; reviewing and discussing with the independent registered public accounting firm all relationships the auditors 
 have with us in order to evaluate their continued independence;                                                                         |

| · | setting clear policies for audit partner rotation in                                                                                  
 compliance with applicable laws and regulations; obtaining and reviewing a report, at least annually, from the independent registered 
 public accounting firm describing (1) the independent registered public accounting firm’s internal quality- control procedures        
 and (2) any material issues raised by the most recent internal quality-control review, or peer review, of the audit firm, or          
 by any inquiry or investigation by governmental or professional authorities, within the preceding five years respecting one or more   
 independent audits carried out by the firm and any steps taken to deal with such issues;                                              |

| · | meeting to review and discuss our annual audited financial                                                                              
 statements and quarterly financial statements with management and the independent auditor, including reviewing our specific disclosures 
 under “Management’s Discussion and Analysis of Financial Condition and Results of Operations”; reviewing and approving                  
 any related party transaction required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC prior to us        
 entering into such transaction; and                                                                                                     |

| · | reviewing with management, the independent, and our                                                                                     
 legal advisors, as appropriate, any legal, regulatory or compliance matters, including any correspondence with regulators or government 
 agencies and any employee complaints or published reports that raise material issues regarding our financial statements or accounting   
 policies and any significant changes in accounting standards or rules promulgated by the Financial Accounting Standards Board,          
 the SEC or other regulatory authorities.                                                                                                |

<div align='center'>116</div>

Compensation Committee

Upon the effectiveness of the registration statement of which this
prospectus forms a part, we will establish a compensation committee of the board of directors. Scott D. Wollney and Richard E. Govignon
will serve as members of our compensation committee. Scott D. Wollney will chair the compensation committee.

We will adopt a compensation committee charter, which will detail
the principal functions of the compensation committee, including:

| · | reviewing and approving on an annual basis the corporate                                                                         
 goals and objectives relevant to our Chief Executive Officer’s compensation evaluating our Chief Executive Officer’s             
 performance in light of such goals and objectives and determining and approving the remuneration (if any) of our Chief Executive