Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 244

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 244
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 or other fees from the combined company with any and all amounts being fully
disclosed to our stockholders, to the extent then known, in the proxy solicitation or tender offer materials, as applicable, furnished
to our stockholders. It is unlikely the amount of such compensation will be known at the time of distribution of such tender offer materials
or at the time of a stockholder meeting held to consider our initial business combination, as applicable, as it will be up to the directors
of the post-combination business to determine executive and director compensation.

We have entered into a registration rights agreement with respect
to the founder shares and private placement securities which is described under the heading “Principal Stockholders — Registration
Rights.”

In addition, although there are no current plans to do so, in order
to facilitate our initial business combination or a PIPE financing or for any other reason determined by our sponsor in its sole discretion,
our sponsor may surrender or forfeit, transfer or exchange our founder shares, private units, the $15 Exercise Price Warrants or any
of our other securities, including for no consideration, as well as subject any such securities to earn-outs or other restrictions, or
otherwise amend the terms of any such securities or enter into any other arrangements with respect to any such securities.

Policy for Approval of Related Party Transactions

The audit committee of our board of directors will adopt a policy
setting forth the policies and procedures for its review and approval or ratification of “related party transactions.” A
“related party transaction” is any consummated or proposed transaction or series of transactions: (i) in which the company
was or is to be a participant; (ii) the amount of which exceeds (or is reasonably expected to exceed) the lesser of $120,000 or
1% of the average of the company’s total assets at year end for the prior two completed fiscal years in the aggregate over the
duration of the transaction (without regard to profit or loss); and (iii) in which a “related party” had, has or will
have a direct or indirect material interest. “Related parties” under this policy will include: (i) our directors, nominees
for director or executive officers; (ii) any record or beneficial owner of more than 5% of any class of our voting securities; (iii) any
immediate family member of any of the foregoing if the foregoing person is a natural person; and (iv) any other person who maybe
a “related person”