Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 431

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 431
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 the Founder Shares, 12 months after the date of the consummation of a Business Combination, or earlier, in each case, if, subsequent to a Business Combination, the Company consummates a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their Public Shares for cash, securities or other property.

Promissory Notes

On October 6, 2023, the Company issued a promissory note to the Sponsor, pursuant to which the Company may borrow up to an aggregate principal amount of $150,000. The Company drew $125,000 under the promissory note. On April 1. 2025, the Company paid off the entire $125,000 balance. As of June 30, 2025, there was no balance outstanding under the Promissory Notes. The Promissory Notes are noninterest bearing and payable on the consummation of the IPO.

On January 30, 2025, the Company issued an unsecured promissory note of $417,000 to the Sponsor. This promissory note bear interest at the rate of 12% per year and will mature on January 30, 2026. On March 5, 2025, the company paid $257,000 in principal and $4,935 in interest. On April 1, 2025, the Company paid $160,000 in principal and $1,736 in interest As of June 30, 2025, there was no outstanding balance under the promissory note.

Administrative Services Agreement

The Company entered into an administrative services agreement (the “Administrative Services Agreement”) with the Sponsor whereby the Sponsor will perform certain services for the Company for a monthly fee of $15,000. As of June 30, 2025, the Company has paid $90,000 to Sponsor.

Both executive officers of the Company serve as the managers of the Sponsor at close of the IPO.

<div align='center'>Certain Relationships and Related Person Transactions-BOXABL</div>

The following transactions were approved by BOXABL’s board of directors that were serving at the time of approval. BOXABL’s board of directors is aware of the other commitments and interests of its members when determining whether to approve of any related party transaction.

<div align='center'>234</div>

Intellectual Property License Agreement and Merger of BOXABL with Affiliated Company

On June 16, 2020