Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 228

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 228
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 will honor his or her fiduciary or contractual obligations
to present such business combination opportunity to such entity.

Our amended and restated certificate of incorporation will provide
that, to the fullest extent permitted by applicable law: (i) no individual serving as a director or an officer shall have any duty,
except and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar business
activities or lines of business as us, and (ii) we renounce any interest or expectancy in, or in being offered an opportunity to
participate in, any potential transaction or matter which may be a corporate opportunity for any director or officer, on the one hand,
and us, on the other. The purpose for the surrender of corporate opportunities is to allow officers, directors or other representatives
with multiple business affiliations to continue to serve as an officer of our company or on our board of directors. Our officers and
directors may from time to time be presented with opportunities that could benefit both another business affiliation and us. In the absence
of the “corporate opportunity” waiver in our charter, certain candidates would not be able to serve as an officer or director.
We believe we substantially benefit from having representatives who bring significant, relevant and valuable experience to our management,
and, as a result, the inclusion of the “corporate opportunity” waiver in our amended and restated certificate of incorporation
will provide us with greater flexibility to attract and retain the officers and directors that we feel are the best candidates. However,
based on the existing relationships of our sponsor, directors and officers, their level of financial investment in us and the potential
loss of such investment if no business combination is consummated, the fact that we may consummate a business combination with a target
in a broad range of sectors, and that the type of transaction that we would target would be of a nature substantially different than
what they would target, we do not believe that the fiduciary duties or contractual obligations of our officers or directors will materially
affect our ability to complete our initial business combination. Further, other than the companies named under the section entitled “Proposed
Business – Our Management Team – Prior SPAC Experience,” none of our management teams’ business affiliations
are actively engaged in the business of acquiring a company.

Our sponsor and our officers and directors or any of their affiliates
may sponsor or form other special purpose acquisition companies similar to ours or may pursue other business or investment ventures during
the period in