Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 335

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 335
---
. Under the Nasdaq listing standards and applicable SEC rules, we are required to have
at least two members of the compensation committee, all of whom must be independent. Messrs. McKeage and Moseley are independent.

We adopted a compensation
committee charter, which details the principal functions of the compensation committee, including:

● reviewing and approving
on an annual basis the corporate goals and objectives relevant to our executive officers’ compensation, if any is paid by us, evaluating
our executive officers’ performance in light of such goals and objectives and determining and approving the remuneration (if any)
of our executive officers based on such evaluation;

● reviewing and approving
on an annual basis the compensation, if any is paid by us, of all of our other officers;

● reviewing on an annual basis
our executive compensation policies and plans;

● implementing and administering
our incentive compensation equity-based remuneration plans;

● assisting management in
complying with our proxy statement and annual report disclosure requirements;

| 174 |

● approving all special perquisites,
special cash payments and other special compensation and benefit arrangements for our officers and employees;

● if required, producing a
report on executive compensation to be included in our annual proxy statement; and

● reviewing, evaluating and
recommending changes, if appropriate, to the remuneration for directors.

Notwithstanding the
foregoing, as indicated above, other than the payment to an affiliate of our sponsor of $10,000 per month, for twelve (12) months (or
up to eighteen (18) months), for office space, utilities and secretarial and administrative support, no compensation of any kind, including
finders, consulting or other similar fees, will be paid to any of our existing stockholders, officers, directors or any of their respective
affiliates, prior to, or for any services they render in order to effectuate the consummation of an initial business combination. Accordingly,
it is likely that prior to the consummation of an initial business combination, the compensation committee will only be responsible for
the review and recommendation of any compensation arrangements to be entered into in connection with such initial business combination.

The charter also
provides that the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant, legal
counsel or other adviser and will be directly responsible for the appointment, compensation and oversight of the work of any such adviser.
However, before engaging or receiving advice from a compensation consultant, external