Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 130

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 9C
Chunk 130
---
i) on one occasion and (ii) during the five-year period beginning on the effective date of the Initial Public Offering.
The holders of the majority of these securities can elect to exercise these registration rights at any time after the Company consummates
a Business Combination. In addition, the holders have certain “piggy-back” registration rights with respect to registration
statements filed subsequent to the consummation of a Business Combination. Notwithstanding anything to the contrary, the underwriters
(and/or their designees) may participate in a “piggy-back” registration only during the seven-year period beginning on the
effective date of the Initial Public Offering. The Company will bear the expenses incurred in connection with the filing of any such
registration statements.

Underwriting
Agreement

The
underwriter was paid a cash underwriting discount of one and a half percent (1.50%)
of the gross proceeds of the Initial Public Offering, or $1,725,000.
In addition, the underwriter is entitled to a deferred fee of three and a half percent (3.50%)
of the gross proceeds of the Initial Public Offering, or $3,450,000
(the “Deferred Commission”).
The Deferred Commission was placed in the Trust Account to be paid in cash upon the closing of a Business Combination, subject to the
terms of the underwriting agreement. In addition, the Company issued the underwriter and/or its designees, 115,000
shares of Class A common stock (or representative
shares) upon the consummation of the Initial Public Offering.

On February 6, 2025, the Company and Longevity executed a Satisfaction and Discharge of Indebtedness Pursuant to
Underwriting Agreement dated February 15, 2022 (the “Discharge Agreement”) with D. Boral Capital LLC (f/k/a EF Hutton LLC,
division of Benchmark Investments, LLC) (the “Underwriter”). Under the Discharge Agreement, instead of receiving the full
Deferred Commission in cash at the closing of the business combination with Longevity and other parties thereto, the Underwriter will
accept (1) $500,000 in cash at the time of the closing; (2) a $1,475,000 promissory note executed by the Company and Longevity (“D.
Boral Note”) in which the Company (upon closing) is obligated to pay the Underwriter in cash by the maturity date; and (3) 147,500
shares of the