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

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 8
Chunk 10
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 executive officers to reimburse us for any Erroneously Awarded Compensation
(as defined in the Policy) that was based on financial results that were subsequently restated as a result of that person’s misconduct.

Conflicts of Interest

Under Cayman Islands law, directors
and officers owe the following fiduciary duties:

●duty to act in good faith in what the director or officer believes to be in the best interests of the
company as a whole;

●duty to exercise powers for the purposes for which those powers were conferred and not for a collateral
purpose;

●duty to not improperly fetter the exercise of future discretion;

●duty to exercise powers fairly as between different sections of shareholders;

●duty not to put themselves in a position in which there is a conflict 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