Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 552

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 552
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, 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.

As of September 30, 2024 and December
31, 2023, there was $3,300,000 and $2,925,000 outstanding under the Extension Loans, respectively.

As of January 27, 2025, there
was approximately $3,400,000 outstanding under the Extension Loans from the Sponsor. Each Extension Loan was made in the form of non-interest-bearing
promissory note. If the Company completes its initial Business Combination, the Company will convert all of the total loan amount into
shares of Class A Common Stock pursuant to the Merger Agreement. 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 the Company’s
officers, directors, and the Sponsor contains a provision pursuant to which the Sponsor will agree to waive its right to be repaid for
such loans to the extent there is insufficient funds held outside of the Trust Account in the event that the Company does not complete
a Business Combination. The Sponsor and its affiliates or designees are not obligated to fund the Trust Account to extend the time for
the Company to complete the initial Business Combination. The public stockholders will not be afforded an opportunity to vote on the month-to-month
extension of time to consummate an initial Business Combination during the Combination Period.

Due from Sponsor

As of September 30, 2024 and December
31, 2023 the Company had paid a total of $1,540,984 and $1,179,141, respectively, in expenses that will be reimbursed by the Sponsor. This amount includes the amount overpaid to redeeming shareholders
in August 2023 and February 2024.

| F-34 |

FUTURETECH II ACQUISITION CORP.

NOTES TO FINANCIAL STATEMENTS

Note 6 - Related Party Transactions (Continued)

Administrative Support Agreement

Commencing on the date the Units are first listed