Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 243

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 243
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 finder’s and consulting fees, will be paid by the company to our sponsor, executive officers and directors,
or any of their respective affiliates, for services rendered prior to or in connection with the closing of an initial business combination.
However, these individuals will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such
as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review
on a quarterly basis all payments that were made to our sponsor, officers, directors or our or their affiliates.

Prior to the closing of this offering, our sponsor may loan us funds
to be used for a portion of the expenses of this offering. These loans would be non-interest bearing, unsecured and are due at the earlier
of the closing of this offering or the date on which the company determines not to conduct the offering described herein.

In addition, in order to finance transaction costs in connection with
an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors may, but
are not obligated to, loan us funds as may be required on a non-interest basis. If we complete an initial business combination, we would
repay such loaned amounts. In the event that the initial business combination does not close, we may use a portion of the working capital
held outside the trust account to repay such loaned amounts but no proceeds from our trust account would be used for such repayment.

Up to $1,500,000
of such loans may be convertible into units at a price of $10.00 per unit at the option of the lender. The units would be identical to
the private units. Except as set forth above, the terms of such loans, if any, have not been determined and no written agreements exist
with respect to such loans. Prior to the completion of our initial business combination, we do not expect to seek loans from parties
other than our sponsor or an affiliate of our sponsor as we do not believe third parties will be willing to loan such funds and provide
a waiver against any and all rights to seek access to funds in our trust account.

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Any of the foregoing payments to our sponsor, repayments of loans
from our sponsor or repayments of working capital loans prior to our initial business combination will be made using funds held outside
the trust account.

After our initial business combination, members of our management
team who remain with us may be paid consulting, management