Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 729

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 7
Chunk 729
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 which he or she has then-current fiduciary or contractual obligations, he or she will honor his or her fiduciary or contractual obligations
to present such business combination opportunity to such entity, and only present it to us if such entity rejects the opportunity, subject
to his or her fiduciary duties under Cayman Islands law. Our amended and restated memorandum and articles of association provide that,
to the fullest extent permitted by applicable law: (i) no individual serving as a director or an officer shall have any duty, except
and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar business activities
or lines of business as us; and (ii) we renounce any interest or expectancy in, or in being offered an opportunity to participate
in, any potential transaction or matter which may be a corporate opportunity for any director or officer, on the one hand, and us, on
the other. However, because the entities to which our executive officers and directors owe fiduciary duties or contractual obligations
are not themselves in the business of engaging in business combinations, we do not believe that any of the foregoing fiduciary duties
or contractual obligations will materially affect our ability to identify and pursue business combination opportunities or complete our
initial business combination.

Potential investors should
also be aware of the following potential conflicts of interest:

●None of our directors or officers is required to commit his or her full time to our affairs and, accordingly,
may have conflicts of interest in allocating his or her time among various business activities.

●In the course of their other business activities, our directors and officers may become aware of investment
and business opportunities that may be appropriate for presentation to us as well as the other entities with which they are affiliated.
Our management may have conflicts of interest in determining to which entity a particular business opportunity should be presented. For
a complete description of our management’s other affiliations, see “— Directors, Executive Officers and Corporate
Governance.”

34

●Our initial shareholders, directors and officers have agreed to waive their redemption rights with respect
to any Founder Shares and public shares held by them in connection with the consummation of our initial business combination. Additionally,
our initial shareholders have agreed to waive their redemption rights with respect to their Founder Shares if we fail to consummate our
initial business combination by December 11, 2026. However, if our initial shareholders (or any of our directors, officers or affiliates)
acquire public