Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 581

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 581
---
/6/2024      |
| 12/1/2023        |     |                  |   200,000 |     | 6/1/2024      |
| Total            |     | $                | 5,050,000 |     |               |

| F-60 |

longevity biomedical, inc.

notes to the financial statements

December 31, 2023 and 2022

Pursuant to the Convertible Note Agreement, FutureTech Partners and FutureTech Capital agreed that until the earlier of the date the promissory notes are converted or the date the Business Combination is terminated, they will not exercise their rights in an event of default as a result of a lack of payment on the applicable maturity date of the promissory notes and no payment in satisfaction of the outstanding promissory notes may be demanded except for the shares issued upon conversion.

Note 5 – Income Taxes

Longevity is subject to US federal income taxes at a statutory rate of 21%. The components of income tax expense for the years ended December 31, 2023 and 2022 is composed of the following:

|                        |     | 2023 |   |     | 2022 |   |
| Current:               |     |      |   |     |      |   |
| Federal                |     |      | - |     |      | - |
| State                  |     |      | - |     |      | - |
| Total Current Expense  |     |      | - |     |      | - |
| Deferred:              |     |      |   |     |      |   |
| Federal                |     |      | - |     |      | - |
| State                  |     |      | - |     |      | - |
| Total Deferred Expense |     |      | - |     |      | - |
| Income Tax Expense     |     |      | - |     |      | - |

| F-61 |

longevity biomedical, inc.

notes to the financial statements

December 31, 2023 and 2022

Reconciliation of the U.S. statutory income tax rate of 21% to the effective tax rate for the years ended December 31, 2023 and 2022 is as follows:

|                                |     | 2023 |       |   |     | 2022 |       |   |
| Statutory U.S. income tax rate |     |      |  21.0