Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 221

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 221
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 Officer based on such evaluation;                                                                                                |

| · | reviewing and making recommendations to our board of                                                                                 
 directors with respect to the compensation, and any incentive compensation and equity based plans that are subject to board approval 
 of all of our other officers;                                                                                                        |

| · | reviewing our executive compensation policies and plans; |

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

| · | reviewing and discussing with management the Compensation                                                                             
 Discussion and Analysis disclosure required by SEC regulations and determining whether to recommend to the board that such disclosure 
 be included in our Annual Report on Form 10-K and any proxy statement for the election of directors;                                  |

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

| · | 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 our sponsor of $15,000 per month, for up to 24 months, for office space, utilities and secretarial and administrative support
and reimbursement of expenses, 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.

The charter will also provide that the compensation committee may,
in its sole discretion, retain or obtain the advice of a compensation consultant, independent legal counsel or other adviser and will
be directly responsible for the appointment, compensation and oversight of the work of any such adviser. However, before engaging or
receiving advice from a compensation consultant, external legal counsel or any other adviser, the compensation committee will consider
the independence of each such adviser, including the factors required by NASDAQ and the SEC.

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Nominating and Corporate Governance Committee

Upon the effectiveness of the registration statement of which this
prospectus forms a part, we will establish