Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 539

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 4
Chunk 539
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 of their respective
affiliates, for services rendered to us prior to or in connection with the completion of our initial business combination, other than
the following payments, none of which will be made from the proceeds of our IPO and the sale of the Private Placement Units held in the
Trust Account prior to the completion of our initial business combination:

●repayment of an aggregate of up to $300,000 in loans made to us by our Sponsor, to cover offering-related
and organizational expenses;

●payment pursuant to the terms of an Administrative Services Agreement to an affiliate of our Sponsor for
office space, administrative and support services; in the event the consummation of our initial business combination takes the maximum
24 months, such entity will be paid a total of $240,000 ($10,000 per month) for office space, administrative and support services and
will be entitled to be reimbursed for any out-of-pocket expenses;

●reimbursement for any out-of-pocket expenses related to identifying, investigating and completing an initial
business combination;

●payment to Roth of its underwriting discount, Marketing Fee, fees for any financial advisory, placement
agency or other similar investment banking services Roth may provide to our company in the future and reimbursement of Roth for any out-of-pocket
expenses incurred by it in connection with the performance of such services; and

40

●repayment of loans which may be made by our Sponsor, any of their respective affiliates or certain of
our directors and officers to finance transaction costs in connection with an intended initial business combination, the terms of which
have not been determined nor have any written agreements been executed with respect thereto. Up to $1,500,000 of such loans for each lender
may be convertible into units at a price of $10.00 per unit at the option of the lender.

The above payments may be funded
using the net proceeds of our IPO and the sale of the Private Placement Units not held in the Trust Account or, upon completion of the
initial business combination, from any amounts remaining from the proceeds of the Trust Account released to us in connection therewith.

Director Independence

The NYSE listing standards
require that a majority of our board of directors be independent within one year of our IPO. An “independent director” is
defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship
which in the opinion of the company’s board of directors, would interfere with the director’s exercise of