Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 291

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 291
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FOR”THE APPROVAL OF THE INCENTIVE PLAN.

Summary of the Material Features of the Incentive Plan

The following is a summary of the material features of the Incentive Plan. The summary is qualified in its entirety by reference to the complete text of the Incentive Plan attached as Annex Dto this proxy statement.

Purpose; Types of Awards

The purposes of the Incentive Plan are to encourage the profitability and growth of the Combined Company through short-term and long-term incentives that are consistent with the Combined Company’s objectives, give participants an incentive for excellence in individual performance, promote teamwork among participants, and give the Combined Company a significant advantage in attracting and retaining key employees, directors and consultants. To accomplish such purposes, the Incentive Plan provides that the Combined Company may grant options, stock appreciation rights, restricted shares, restricted stock units, performance-based awards (including performance-based restricted shares and restricted stock units), other share-based awards, other cash-based awards or any combination of the foregoing.

Shares Subject to the Plan

A total of[ ] shares of the Combined Company’s Common Stock will be reserved and available for issuance under the Incentive Plan (the “Share Limit”). The maximum number of shares that may be issued pursuant to options intended to be incentive stock options will be equal to [the Share Limit]. Notwithstanding anything herein to the contrary, the maximum number of shares subject to awards granted during any fiscal year to any non-employee director, taken together with any cash fees paid to such non-employee director during the fiscal year with respect to such director’s service as a non-employee director, shall not exceed $[ ](calculating the value of any such awards based on the grant date fair market value of such awards for financial reporting purposes).

[The total number of Combined Company Common Stock that will be reserved and may be issued under the Incentive Plan will automatically increase on the first trading day of each calendar year, beginning with calendar year 2026 by a number of shares equal to [ ] percent ([ ]%) of the total number of the Combined Company Common Stock outstanding on the last day of the prior calendar year. The administrator may act prior to January 1 of a given year to provide that there will be no increase in the share reserve for that year, or that the increase in the share reserve will be smaller than as provided in the Incentive Plan.]

Shares issued under the Incentive Plan may, in whole or in part, be authorized but unissued shares or shares that shall