Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 218

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 218
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business combination and our liquidation, we will pay our sponsor $15,000 per month for office space, secretarial and administrative
services provided to members of our management team. In addition, our sponsor, executive officers and directors, or any of their respective
affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying
potential target businesses and performing due diligence on suitable business combinations.

Our audit committee will review on a quarterly basis all payments
that were made to our sponsor, executive officers or directors, or our or their affiliates. Any such payments prior to an initial business
combination will be made from funds held outside the trust account. Other than quarterly audit committee review of such reimbursements,
we do not expect to have any additional controls in place governing our reimbursement payments to our directors and executive officers
for their out-of-pocket expenses incurred in connection with our activities on our behalf in connection with identifying and consummating
an initial business combination. Other than these payments and reimbursements, no compensation of any kind, including finder’s
and consulting fees, will be paid by the company to our sponsor, executive officers and directors, or any of their respective affiliates,
prior to completion of our initial business combination.

After the completion of our initial business combination, directors
or members of our management team who remain with us may be paid consulting or management fees from the combined company. All of these
fees will be fully disclosed to stockholders, to the extent then known, in the proxy solicitation materials or tender offer materials
furnished to our stockholders in connection with a proposed business combination. We have not established any limit on the amount of
such fees that may be paid by the combined company to our directors or members of management. It is unlikely the amount of such compensation
will be known at the time of the proposed business combination, because the directors of the post-combination business will be responsible
for determining executive officer and director compensation. Any compensation to be paid to our executive officers will be determined,
or recommended to the board of directors for determination, either by a compensation committee constituted solely by independent directors
or by a majority of the independent directors on our board of directors.

We do not intend to take any action to ensure that members of our
management team maintain their positions with us after the consummation of our initial business combination, although it is possible
that some or all of our executive officers and directors may negotiate employment or consulting arrangements to remain with us