Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 984

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 9A
Chunk 984
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, our audit committee,
pursuant to a written charter will be responsible for reviewing and approving related party transactions to the extent that we enter into
such transactions. An affirmative vote of a majority of the members of the audit committee present at a meeting at which a quorum is present
will be required in order to approve a related party transaction. A majority of the members of the entire audit committee will constitute
a quorum. Without a meeting, the unanimous written consent of all of the members of the audit committee will be required to approve a
related party transaction. We have adopted the audit committee charter. We also require each of our directors and executive officers to
complete a directors’ and officers’ questionnaire that elicits information about related party transactions.

These procedures are intended
to determine whether any such related party transaction impairs the independence of a director or presents a conflict of interest on the
part of a director, employee or officer.

To further minimize conflicts
of interest, we have agreed not to consummate an initial business combination with an entity that is affiliated with any of our Sponsor,
directors or officers unless we, or a committee of independent and disinterested directors, have obtained an opinion from an independent
investment banking firm which is a member of FINRA or an independent accounting firm that our 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.

Furthermore, there will be
no finder’s fees, reimbursements or cash payments made by us to our Sponsor, directors or officers, or our or any of their respective
affiliates, for services rendered to us prior to or in connection with the completion of our initial business combination, other than
the following payments, none of which will be made from the proceeds of our IPO and the sale of the Private Placement Units held in the
Trust Account prior to the completion of our initial business combination:

●repayment of an aggregate of up to $300,000 in loans made to us by our Sponsor, to cover offering-related
and organizational expenses;

●payment pursuant to the terms of an Administrative Services Agreement to an affiliate of our Sponsor for
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