Company: FTII
Filing Date: 2025-02-14
Form Type: S-4
Source: 0001493152-25-006997
Chunk: 290

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-02-14
Form: S-4
Chunk 290
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 or retroactively, but no such amendment may materially and adversely affect the
rights of any participant without the participant’s consent. Stockholder approval of any such action will be obtained if required
to comply with applicable law.

Plan Term

The Equity Incentive
Plan will terminate on the tenth anniversary of the date on which FutureTech’s stockholders approve the Equity Incentive Plan, although
awards granted before that time will remain outstanding in accordance with their terms.

Following the
consummation of the Business Combination, FutureTech intends to file with the SEC a registration statement on Form S-8 covering the FutureTech
Common Stock issuable under the Equity Incentive Plan.

Certain United States Federal
Income Tax Aspects

The following
is a summary of certain United States federal income tax consequences of awards under the Equity Incentive Plan. It does not purport to
be a complete description of all applicable rules, and those rules (including those summarized here) are subject to change.

Options

An optionee generally
will not recognize taxable income upon the grant of a non-qualified option. Rather, at the time of exercise of the option, the optionee
will recognize ordinary income for income tax purposes in an amount equal to the excess, if any, of the fair market value of the shares
purchased over the exercise price. FutureTech (or, if applicable, the participant’s affiliate employer) generally will be entitled
to a tax deduction at such time and in the same amount, if any, that the optionee recognizes as ordinary income. The optionee’s
tax basis in any shares received upon exercise of an option will be equal to the exercise price paid plus the amount of compensation recognized
by the participant as ordinary income, and if the shares are later sold or exchanged, then the difference between the amount received
upon such sale or exchange and the exercise price paid plus the amount of compensation recognized by the participant as ordinary income
upon exercise will generally be taxable as long-term or short-term capital gain or loss (if the shares are a capital asset of the optionee)
depending upon the length of time such shares were held by the optionee.

Incentive stock
options are eligible for favorable federal income tax treatment if certain requirements are satisfied. An employee granted an incentive
stock option generally does not realize compensation income for federal income tax purposes upon the grant of the option. At the time
of exercise of an incentive stock option, no compensation income is realized by the optionee other than tax