Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 774

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 1C
Chunk 774
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committee, and Mr. Moseley chairs the compensation committee. Under the Nasdaq listing standards and applicable SEC rules, we are required
to have at least two members of the compensation committee, all of whom must be independent. Messrs. McKeage and Moseley are independent.

We
adopted a compensation committee charter, which details the principal functions of the compensation committee, including:

    ●
    reviewing
    and approving on an annual basis the corporate goals and objectives relevant to our executive officers’ compensation, if any
    is paid by us, evaluating our executive officers’ performance in light of such goals and objectives and determining and approving
    the remuneration (if any) of our executive officers based on such evaluation;

    ●
    reviewing
    and approving on an annual basis the compensation, if any is paid by us, of all of our other officers;

    ●
    reviewing
    on an annual basis our executive compensation policies and plans;

    ●
    implementing
    and administering our incentive compensation equity-based remuneration plans;

    ●
    assisting
    management in complying with our proxy statement and annual report disclosure requirements;

    ●
    approving
    all special perquisites, special cash payments and other special compensation and benefit arrangements for our officers and employees;

    ●
    if
    required, producing a report on executive compensation to be included in our annual proxy statement; and

    ●
    reviewing,
    evaluating and recommending changes, if appropriate, to the remuneration for directors.

Notwithstanding
the foregoing, as indicated above, other than the payment to an affiliate of our sponsor of $10,000 per month, for twelve (12) months
(or up to eighteen (18) months), for office space, utilities and secretarial and administrative support, no compensation of any kind,
including finders, consulting or other similar fees, will be paid to any of our existing stockholders, officers, directors or any of
their respective affiliates, prior to, or for any services they render in order to effectuate the consummation of an initial business
combination. Accordingly, it is likely that prior to the consummation of an initial business combination, the compensation committee
will only be responsible for the review and recommendation of any compensation arrangements to be entered into in connection with such
initial business combination.

31

The
charter also provides that the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant,