Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 1038

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 9B
Chunk 1038
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    Director

    (1)
    Each of the entities listed in this table has priority and preference relative to our company with respect to the performance by each individual listed in this table of his obligations and the presentation by each such individual of business opportunities.
  
    (2)
    Richard Jackson has a fiduciary duty with respect to each of the listed entities.
  
    (3)
    Brian McCarthy has a fiduciary duty with respect to each of the listed entities.
  
    (4)
    J. Nicholas Ayers has a fiduciary duty with respect to each of the listed entities.
  
    (5)
    Stephan Rodgers has a fiduciary duty with respect to each of the listed entities.
  
    (6)
    Paul Gabos has a fiduciary duty with respect to each of the listed entities.

We are not prohibited from
pursuing an initial business combination with a company that is affiliated with our Sponsor, directors or officers, or making the acquisition
through a joint venture or other form of shared ownership with either of our Sponsor, directors or officers. In the event we seek to complete
our initial business combination with such a company, we, or a committee of independent and disinterested directors, would obtain an opinion
from an independent investment banking firm that is a member of FINRA or from an independent accounting firm that such an 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.

In addition, our Sponsor or
any of its affiliates may make additional investments in the company in connection with the initial business combination, although our
Sponsor and its 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