Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 34

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 34
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. We will repay any loans which may be made by our sponsor or an affiliate of our sponsor
or certain of our directors and officers to finance transaction costs in connection with an intended initial business combination; up
to $1,500,000 of such loans may be convertible into private units at a price of $10.00 per unit at the option of the lender. Upon consummation
of this offering, we will also reimburse our sponsor, directors or officers, or our or any of their respective affiliates for any out-of-pocket
expenses related to identifying, investigating and completing an initial business combination.

<div align='center'>11</div>

The following table sets forth the payments to be received by our
sponsor and its affiliates from us prior to or in connection with the completion of our initial business combination and the securities
issued and to be issued by us to our sponsor or its affiliates:

| Entity/Individual          |     | Amount                                                                                                                            
 of Compensation to be                                                                                                             
 Received or Securities Issued or to be                                                                                            
 Issued                                                                                                                            |     |                                                Consideration 
                                           Paid or to be Paid |
| FG Merger Investors II LLC |     | 2,000,000 shares of common stock(1)                                                                                               |     |                                                      $25,000 |
|                            |     | 223,300 private units(1)                                                                                                          |     |                                                   $2,233,000 |
|                            |     | Up to $150,000                                                                                                                    |     |                 Repayment of loans made to us by our sponsor 
       to cover offering-related and organizational expenses. |
|                            |     | 1,000,000 $15 Exercise Price Warrants                                                                                             |     |                                                     $100,000 |
|                            |     | $15,000 per month                                                                                                                 |     |            Office space, administrative and support services |
|                            |     | Up to $1,500,000 in working capital loans may be                                                                                  
 convertible into private units at a price of $10.00 per unit                                                                      |     |           Working capital loans to finance transaction costs 
 in connection with an intended initial business combination. |
|                            |     | Reimbursement for any out-of-pocket expenses related                                                                              
 to identifying, investigating and completing an initial business combination                                                      |     |       Services in connection with identifying, investigating 
              and completing an initial business combination. |
| FG Merger Investors II LLC 
 Larry G. Swets, Jr.        
 Hassan R. Baqar            
 Andrew