Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 308

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 308
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 to different factors. The BOXABL board of directors considered this information as a whole and overall considered the information and factors to be favorable to, and in support of, its determinations and recommendations. This explanation of reasons for the BOXABL board of directors’ approval of the Business Combination, and all other information presented in this section, is forward-looking in nature and therefore subject to a number of risks and uncertainties and should be read in light of the factors discussed under the sections entitled “ Cautionary Statement Regarding Forward-Looking Statements” and “ Risk Factors.” Interests of BOXABL’s Directors and Executive Officers in the Business Combination Unless the context otherwise requires, all references in this subsection to “we,” “us” or “our” refer to the business of BOXABL. When you consider the recommendation of the BOXABL board of directors in favor of approval of the BOXABL Business Combination Proposal, you should keep in mind that BOXABL’s directors and executive officers have interests in such proposal that are different from, or in addition to (and which may conflict with), those of BOXABL stockholders. These interests include, among other things, the interests listed below:

| ● | Certain of BOXABL’s existing directors and officers are expected to continue to serve in their existing roles as directors and officers of the Combined Company upon the consummation of the Business Combination and receive compensation and benefits from the Combined Company for such service. In addition, the Proposed Charter and the Proposed Bylaws will provide indemnification and advancement of expenses for the Combined Company’s directors and officers to the fullest extent permitted by the TBOC, subject to certain limited exceptions, and the Combined Company will enter into indemnification agreements with each of its directors and officers. |

| ● | 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. |

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| ● | 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