Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 465

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 465
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, the Company paid off the entire $125,000 balance. As of September 30, 2025, there was no balance outstanding under the Promissory Notes. The Promissory Notes are noninterest bearing and payable on the consummation of the IPO.

On January 30, 2025, the Company issued an unsecured promissory note of $417,000 to the Sponsor. This promissory note bear interest at the rate of 12% per year and will mature on January 30, 2026. On March 5, 2025, the company paid $257,000 in principal and $4,935 in interest. On April 1, 2025, the Company paid $160,000 in principal and $1,736 in interest As of September 30, 2025, there was no outstanding balance under the promissory note.

Administrative Services Agreement

The Company entered into an administrative services agreement (the “Administrative Services Agreement”) with the Sponsor whereby the Sponsor will perform certain services for the Company for a monthly fee of $15,000. As of September 30, 2025, the Company has paid $135,000 to Sponsor.

Both executive officers of the Company serve as the managers of the Sponsor at close of the IPO.

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Certain Relationships and Related Person Transactions-BOXABL</div>

The following transactions were approved by BOXABL’s board of directors that were serving at the time of approval. BOXABL’s board of directors is aware of the other commitments and interests of its members when determining whether to approve of any related party transaction.

Intellectual Property License Agreement and Merger of BOXABL with Affiliated Company

On June 16, 2020, and subsequently amended in November 2021, BOXABL entered into an exclusive license agreement with Build IP, a subsidiary of 500 Group, which is controlled by BOXABL’s Co-Chief Executive Officer, Paolo Tiramani. Pursuant to the license agreement, BOXABL will pay a license fee of 1% of the net selling price generated from the sale of its Casitas to Build IP. On June 15, 2023, BOXABL engaged in an all-stock statutory merger with 500 Group in which BOXABL exchanged 37,500,000 shares of its Non-Voting Series A-2 Preferred Stock for 500 Group’s 100 outstanding shares of common stock in a transaction valued at $30.0 million. As a