Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 289

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 289
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 be paid to the holders thereof, in cash, FutureTech Common Stock, other securities or other property, or any combination
thereof, the value of such awards.

Change in Control

For purposes
of the Equity Incentive Plan, a “change in control” means, in summary, the first to occur of any of the following events:
(i) one person or group of persons becomes the beneficial owner, directly or indirectly, of more than 50% of the combined voting power
of the then issued and outstanding securities of FutureTech, whether pursuant to a sale of securities, merger or otherwise, (ii) during
any period of not more than two consecutive years, individuals who constitute the board of directors as of the beginning of the period
cease for any reason to constitute at least a majority of the board of directors, (iii) the consummation of a sale, transfer or other
disposition of all or substantially all of the assets of FutureTech, (iv) certain mergers, amalgamations or consolidations with another
corporation, or (v) stockholder approval of a plan of complete liquidation.

Tax Withholding

Each participant
will be required to make arrangements satisfactory to the Committee regarding payment of an amount up to the maximum statutory rates in
the participant’s applicable jurisdictions with respect to any award granted under the Equity Incentive Plan, as determined by FutureTech.
FutureTech has the right, to the extent permitted by law, to deduct any such taxes from any payment of any kind otherwise due to the participant.
With the approval of the Committee, the participant may satisfy the foregoing requirement by either electing to have FutureTech withhold
from delivery of shares of FutureTech Common Stock, cash or other property, as applicable, or by delivering already owned unrestricted
shares of FutureTech Common Stock, in each case, having a value not exceeding the applicable taxes to be withheld and applied to the tax
obligations. FutureTech may also use any other method of obtaining the necessary payment or proceeds, as permitted by law, to satisfy
its withholding obligation with respect to any award.

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Amendment and Termination of the Plan

The Equity Incentive
Plan provides FutureTech’s board of directors with authority to amend, alter or terminate the Equity Incentive Plan, but no such
action may materially and adversely affect the rights of any participant with respect to outstanding awards without the participant’s
consent. The Committee may amend an award, prospectively