Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 23

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 8
Chunk 23
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office space, administrative and support services; in the event the consummation of our initial business combination takes the maximum
24 months, such entity will be paid a total of $240,000 ($10,000 per month) for office space, administrative and support services and
will be entitled to be reimbursed for any out-of-pocket expenses;

●reimbursement for any out-of-pocket expenses related to identifying, investigating and completing an initial
business combination;

●payment to Roth of its underwriting discount, Marketing Fee, fees for any financial advisory, placement
agency or other similar investment banking services Roth may provide to our company in the future and reimbursement of Roth for any out-of-pocket
expenses incurred by it in connection with the performance of such services; and

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●repayment of loans which may be made by our Sponsor, any of their respective affiliates or certain of
our directors and officers to finance transaction costs in connection with an intended initial business combination, the terms of which
have not been determined nor have any written agreements been executed with respect thereto. Up to $1,500,000 of such loans for each lender
may be convertible into units at a price of $10.00 per unit at the option of the lender.

The above payments may be funded
using the net proceeds of our IPO and the sale of the Private Placement Units not held in the Trust Account or, upon completion of the
initial business combination, from any amounts remaining from the proceeds of the Trust Account released to us in connection therewith.

Director Independence

The NYSE listing standards
require that a majority of our board of directors be independent within one year of our IPO. An “independent director” is
defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship
which in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment
in carrying out the responsibilities of a director. We have four “independent directors” as defined in the NYSE listing standards
and applicable SEC rules. Our board has determined that each of Brian McCarthy, J. Nicholas Ayers, Stephan Rodgers and Paul Gabos
is an independent director under applicable SEC rules and the NYSE listing standards.

Our independent directors
have regularly scheduled meetings at which only independent directors are present.

Item 14. Principal Accounting Fees and Services.

During the period from September
11, 2024 (inception) through December 31