Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 282

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 282
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-U.S. holder’s conduct of a trade or business within the United States (or, if a tax treaty applies,
are attributable to a United States permanent establishment or fixed base maintained by the Non-U.S. holder) will generally not be subject
to U.S. withholding tax, provided such Non-U.S. holder complies with certain certification and disclosure requirements (usually
by providing an applicable IRS Form W-8). Instead, such dividends will generally be subject to U.S. federal income tax as if the
Non-U.S. holder were a United States resident, subject to an applicable tax treaty providing otherwise. A Non-U.S. holder that is a corporation
receiving effectively connected dividends may also be subject to an additional “branch profits tax” imposed at a rate of
30% (or a lower treaty rate).

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Satisfaction or Lapse of a Right.

The U.S. federal income tax treatment of a Non-U.S.
holder’s exercise of a right, or the lapse of a right held by a Non-U.S. holder, generally will correspond to the U.S. federal
income tax treatment of a right by a U.S. holder, as described under “U.S. Holders — Satisfaction or Lapse of a Right”
above.

Gain on Sale, Taxable Exchange or Other Taxable Disposition of Common Stock and Rights.

A Non-U.S. holder generally will not be subject
to U.S. federal income or withholding tax in respect of gain realized on a sale, taxable exchange or other taxable disposition of our
common stock, which would include a dissolution and liquidation in the event we do not complete an initial business combination within
24 months from the closing of this offering, or rights (including an expiration or redemption of our rights), in each case without regard
to whether those securities were held as part of a unit, unless:

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 gain is effectively connected with the conduct of a trade or business by the Non-U.S. holder  
 within the United States (and, under certain tax treaties, is attributable to a United States 
 permanent establishment or fixed base maintained by the Non-U.S. holder); or                  |

Unless an applicable tax treaty provides otherwise,
gain described in the first bullet point above will be subject to tax at generally applicable U.S. federal income tax rates as if the
Non-U.S. holder were a United States resident. Any gains described in the first bullet point above of a Non-U.S. holder that