Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 219

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 219
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 after
our initial business combination. The existence or terms of any such employment or consulting arrangements to retain their positions
with us may influence our management’s motivation in identifying or selecting a target business but we do not believe that the
ability of our management to remain with us after the consummation of our initial business combination will be a determining factor in
our decision to proceed with any potential business combination. We are not party to any agreements with our executive officers and directors
that provide for benefits upon termination of employment.

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Committees of the Board of Directors

Upon the effectiveness of the registration statement of which this
prospectus forms a part, our board of directors will have three standing committees: an audit committee, a compensation committee and
a nominating and corporate governance committee. Subject to phase-in rules and a limited exception, the rules of NASDAQ and
Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors.
Subject to phase-in rules and a limited exception, the rules of NASDAQ require that the compensation committee of a listed
company be comprised solely of independent directors.

Audit Committee

Upon the effectiveness of the registration statement of which this
prospectus forms a part, we will establish an audit committee of the board of directors. Andrew B. McIntyre, Richard E. Govignon and
Scott D. Wollney will serve as members of our audit committee, and Andrew B. McIntyre will chair the audit committee. We expect all of
the members of our audit committee to be independent.

Each member of the audit committee is financially literate and our
board of directors has determined that Andrew B. McIntyre qualifies as an “audit committee financial expert” as defined in
applicable SEC rules and has accounting or related financial management expertise.

We will adopt an audit committee charter, which will detail the principal
functions of the audit committee, including:

| · | assisting board oversight of (1) the integrity                                                                                         
 of our financial statements, (2) our compliance with legal and regulatory requirements, (3) our independent registered                 
 public accounting firm’s qualifications and independence, and (4) the performance of our internal audit function and independent       
 registered public accounting firm; the appointment, compensation, retention, replacement, and oversight of the work of the independent 
 auditors and any other independent registered public accounting firm engaged by us;                                                    |

| · | pre-approving all audit and non-audit