Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 978

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 9A
Chunk 978
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 affiliated with our Sponsor, directors or officers, or making the acquisition
through a joint venture or other form of shared ownership with either of our Sponsor, directors or officers. In the event we seek to complete
our initial business combination with such a company, we, or a committee of independent and disinterested directors, would obtain an opinion
from an independent investment banking firm that is a member of FINRA or from an independent accounting firm that such an initial business
combination is fair to our company from a financial point of view. In addition, pursuant to the NYSE listing rules, our initial business
combination must be approved by a majority of our independent directors.

In addition, our Sponsor or
any of its affiliates may make additional investments in the company in connection with the initial business combination, although our
Sponsor and its affiliates have no obligation or current intention to do so. If our Sponsor or any of its affiliates elects to make additional
investments, such proposed investments could influence our Sponsor’s motivation to complete an initial business combination.

In the event that we submit
our initial business combination to our public shareholders for a vote, our initial shareholders, directors and officers have agreed (and
their permitted transferees will agree), pursuant to the terms of a letter agreement entered into with us, to vote any Founder Shares
and public shares held by them in favor of our initial business combination (except that any public shares such parties may purchase in
compliance with the requirements of Rule 14e-5 under the Exchange Act would not be voted in favor of approving the business combination
transaction).

Limitation on Liability and Indemnification
of Directors and Officers

Cayman Islands law does not
limit the extent to which a company’s memorandum and articles of association may provide for indemnification of directors and officers,
except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification
against willful default, fraud or the consequences of committing a crime. Our amended and restated memorandum and articles of association
provide for indemnification of our directors and officers to the maximum extent permitted by law, including for any liability incurred
in their capacities as such, except through their own actual fraud, willful default or willful neglect.

36

We have entered into agreements
with our directors and officers to provide contractual indemnification in addition to the indemnification provided for in our amended
and restated memorandum and articles of association. We may purchase a policy