Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 606

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 5
Chunk 606
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 the Company incurred and owes $7,000 for these services.

39

Policy for Approval of Related Party Transactions

We have not yet adopted
a formal policy for the review, approval or ratification of related party transactions. Accordingly, the transactions discussed above
were not reviewed, approved or ratified in accordance with any such policy.

We have adopted a Code of
Ethics requiring us to avoid, wherever possible, all conflicts of interests, except under guidelines or resolutions approved by our board
of directors (or the appropriate committee of our board) or as disclosed in our public filings with the SEC. Under our code of ethics,
conflict of interest situations will include any financial transaction, arrangement or relationship (including any indebtedness or guarantee
of indebtedness) involving the company.

In addition, our audit committee,
pursuant to a written charter will be responsible for reviewing and approving related party transactions to the extent that we enter into
such transactions. An affirmative vote of a majority of the members of the audit committee present at a meeting at which a quorum is present
will be required in order to approve a related party transaction. A majority of the members of the entire audit committee will constitute
a quorum. Without a meeting, the unanimous written consent of all of the members of the audit committee will be required to approve a
related party transaction. We have adopted the audit committee charter. We also require each of our directors and executive officers to
complete a directors’ and officers’ questionnaire that elicits information about related party transactions.

These procedures are intended
to determine whether any such related party transaction impairs the independence of a director or presents a conflict of interest on the
part of a director, employee or officer.

To further minimize conflicts
of interest, we have agreed not to consummate an initial business combination with an entity that is affiliated with any of our Sponsor,
directors or officers unless we, or a committee of independent and disinterested directors, have obtained an opinion from an independent
investment banking firm which is a member of FINRA or an independent accounting firm that our 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.

Furthermore, there will be
no finder’s fees, reimbursements or cash payments made by us to our Sponsor, directors or officers, or our or any of their respective
affiliates, for services rendered to us prior to or in