Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 268

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 11
Chunk 268
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Satisfaction and Discharge Agreement with the Underwriter

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”). Pursuant to the Underwriting
Agreement in relation to the IPO, upon the completion of an initial business combination, the Underwriter is entitled to a deferred underwriting
commission of $3,450,000 (“Deferred Commission”). 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 Company’s
common stock, which when multiplied by the $10.00 per share price agreed to between the parties equals $1,475,000 and which shall be issued
and delivered to the Underwriter at the closing. The Discharge Agreement and D. Boral Note have no effect unless the Longevity Business
Combination is consummated. The Discharge Agreement and D. Boral Note have been disclosed by the Company on the Company’s Current
Report on Form 8-K filed with the SEC on February 11, 2025.

F-24

Item
16. Form 10-K Summary

None.

39

SIGNATURES

Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.

    Date:
    April 8, 2025
    FUTURETECH
    II ACQUISITION CORP.

    By:
    /s/
    Ray Chen

    Ray
    Chen

    Chief
    Executive Officer and Chief Financial Officer

Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has