Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 456

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 456
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126,500,031 RSUs and 54,357,244 RSUs, respectively. As of December 31, 2024, 173,571,508 RSUs were outstanding. For fiscal year 2023, 60,500,072 RSUs were outstanding.

The Plan provides continual motivation for our officers, employees, consultants and non-employee directors (the “Participants”) to achieve our business and financial objectives and align their interests with the long-term interests of our stockholders. The Plan also provides an incentive to attract, retain and reward certain employees, non-employee directors, and consultants to BOXABL or an Affiliate. The Plan is administered by the Board of Directors, and awards are made by the Board in its sole discretion. The Board has delegated to the Compensation Committee the authority to administer the Plan. As Plan Administrator, the Compensation Committee has the authority to interpret the Plan, to prescribe, amend, and rescind rules and regulations relating to the Plan, to provide for conditions and assurances deemed necessary or advisable to protect the interest of BOXABL, and to make all other determinations necessary for the administration of the Plan to the extent not contrary to the express provisions of the Plan.

Stock option grants generally have an exercise price equal to the fair market value of the Common Stock on the date of grant and expire ten years from the grant date unless an earlier time is set in the award agreement. The Compensation Committee of the Board of Directors also has discretion to set terms for vesting, performance goals or other conditions precedent to the exercise of the stock option. If the Participant’s employment or services is terminated for cause all unexercised stock options immediately lapse even if vested; otherwise, participants have three months following termination of employment to exercise vested options. Incentive stock option grants to holders of 10% or more of BOXABL’s combined voting power of all classes of BOXABL’s securities will have an exercise price not less than 110% of the fair market value on the date of grant and shall be exercisable for no more than five years from the date of grant.

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Compensation of Directors (In Thousands)

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