Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 727

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 7
Chunk 727
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 between their duty to the company
and their personal interests; and

●duty to exercise independent judgment.

In addition to the above, directors
also owe a duty of care, which is not fiduciary in nature. This duty has been defined as a requirement to act as a reasonably diligent
person having both the general knowledge, skill and experience that may reasonably be expected of a person carrying out the same functions
as are carried out by that director in relation to the company and the general knowledge, skill and experience which that director has.

As set out above, directors
have a duty not to put themselves in a position of conflict and this includes a duty not to engage in self-dealing, or to otherwise benefit
as a result of their position. However, in some instances what would otherwise be a breach of this duty can be forgiven and/or authorized
in advance by the shareholders; provided that there is full disclosure by the directors. This can be done by way of permission granted
in the amended and restated memorandum and articles of association or alternatively by shareholder approval at general meetings.

In addition, members of our
management team and our board of directors directly and/or indirectly own Founder Shares and/or Private Placement Units and, accordingly,
may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate
our initial business combination.

Our management team, in their
capacities as directors, officers or employees of our Sponsor or their respective affiliates or in their other endeavors, may choose to
present potential business combinations to the related entities described above, current or future entities affiliated with or managed
by our Sponsor, or third parties, before they present such opportunities to us, subject to his or her fiduciary duties under Cayman Islands
law and any other applicable fiduciary duties.

33

Our Sponsor paid a nominal
aggregate purchase price of $25,000 for the Founder Shares, or approximately $0.004 per share. Accordingly, certain members of our management
team, which own interests in our Sponsor, may be more willing to pursue a business combination with a riskier or less-established target
business than would be the case if our Sponsor had paid the same per share price for the Founder Shares as our public shareholders paid
for their public shares. Further, our directors and officers presently have, and any of them in the future may have, additional, fiduciary
or contractual obligations to other entities pursuant to which such officer or director is or will be required to