Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 637

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 637
---
,000 under the management services agreement during the years ended December 31, 2023 and 2022, respectively.

The following tables summarizes Cerevast’s related party balances outstanding as of December 31, 2023 and 2022:

| Related Party Balances at December 31 | Related Party |                  | Nature of Transaction |                                          | Balance Sheet Classification |   |    2023 |     |   |    2022 |
|:--------------------------------------|:--------------|:-----------------|:----------------------|:-----------------------------------------|:-----------------------------|:--|--------:|:----|:--|--------:|
| FutureTech Partners LLC               |               | Promissory note  |                       | Notes payable - related party            |                              | $ | 100,000 |     | $ | 100,000 |
| FutureTech Partners LLC               |               | Accrued interest |                       | Accrued interest payable - related party |                              | $ |   8,877 |     | $ |   3,877 |
| FutureTech Partners II LLC            |               | Accrued interest |                       | Accrued interest payable - related party |                              | $ |       - |     | $ |   1,630 |

The following tables summarize Cerevast’s related party debt transactions for the year ended December 31, 2022 (also see Note 5):

| Year Ended December 31, 2022                                 
 Balance at January 1, 2022                                   |     | FutureTech Partners LLC |  300,000 |   |     | FutureTech Partners II LLC |        - |   |     | FutureTech II Acquisition Corp. |        - |   |     | Total |  300,000 |   |
|:-------------------------------------------------------------|:----|:------------------------|---------:|:--|:----|:---------------------------|---------:|:--|:----|:--------------------------------|---------:|:--|:----|:------|---------:|:--|
| 1/25/2022 - Borrowing under Future Tech Partners LLC note    |     |                         |  100,000 |   |     |                            |        - |   |     |                                 |        - |   |     |       |  100,000 |   |
| 2/28/2022 - Borrowing under Future Tech Partners LLC note    |     |                         |  100