Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 132

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 132
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| ● | Certain of BOXABL’s existing directors and officers will be eligible for continued indemnification and continued coverage under BOXABL’s directors’ and officers’ liability insurance after the consummation of the Business Combination and pursuant to the Merger Agreement. |

| ● | The Proposed Charter provides that, to the fullest extent permitted by law, the doctrine of corporate opportunity, or any other analogous doctrine, shall not apply with respect to the Combined Company or any of its non-employee directors, among other persons, and the Combined Company renounces any expectancy that any of the non-employee directors of the Combined Company, among other persons, will offer any such corporate opportunity of which he or she may become aware to the Combined Company, except, the doctrine of corporate opportunity shall apply with respect to any of the non-employee directors of the Combined Company only with respect to a corporate opportunity that was offered to such person solely and exclusively in his or her capacity as a director of the Combined Company and such opportunity is one the Combined Company is legally and contractually permitted to undertake and would otherwise be reasonable for the Combined Company to pursue, and to the extent such director is permitted to refer that opportunity to the Combined Company without violating another legal obligation. Accordingly, a non-employee director may choose to present any corporate opportunity to other entities and has no obligation to present them to the Combined Company if such director is not prohibited by the Proposed Charter from doing so. |

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See “ BOXABL Stockholder Proposal No. 1: BOXABL Business Combination Proposal-Interests of BOXABL’s Directors and Executive Officers in the Business Combination” and “ Risk Factors-Risks Relating to the Combined Company Common Stock Following the Business Combination-As a “controlled company” within the meaning of the Nasdaq or New York Stock Exchange listing rules after the Closing, the Combined Company will qualify for exemptions from certain corporate governance requirements and will have the opportunity to elect to avail itself of any of the exemptions afforded a controlled company. If the Combined Company elects to rely on some of these exemptions, Combined Company stockholders will not have the same protections afforded to stockholders of companies that are subject to such requirements” in this joint proxy statement/prospectus for a further discussion of these considerations. Recommendation of the BOXABL Board of Directors to BOXABL Stockholders The BOXABL Board of Directors believes that the BOXABL Business Combination Proposal and the other proposals to be presented at the BOXABL Special Meeting are in the best interests of BOXABL and its stockholders