Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 125

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 125
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 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.

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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 of directors’ and officers’ liability insurance
that insures our directors and officers against the cost of defense, settlement or payment of a judgment in some circumstances and insures
us against our obligations to indemnify our directors and officers.

We believe that these provisions,
the insurance and the indemnity agreements are necessary to attract and retain talented and experienced directors and officers.

Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us
pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy
as expressed in the Securities Act and is therefore unenforceable. 

Item 11. Executive Compensation.

David Lawrence and Stephen
S. Rodgers each received 25,000 Founder Shares and J