Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 90

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 90
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 within the 10 years following redemption. Our Sponsor has agreed that it will
be liable to us if and to the extent any claims by a third party (other than our independent registered public accounting firm) for services
rendered or products sold to us, or a prospective target business with which we have discussed entering into a transaction agreement,
reduce the amount of funds in the Trust Account to below (1) $10.10 per public share or (2) such lesser amount per public share
held in the Trust Account as of the date of the liquidation of the Trust Account, due to reductions in value of the trust assets, in each
case net of the amount of interest which may be withdrawn to pay taxes, except as to any claims by a third party who executed a waiver
of any and all rights to seek access to the Trust Account and except as to any claims under our indemnity of the underwriter of our IPO
against certain liabilities, including liabilities under the Securities Act. In the event that an executed waiver is deemed to be unenforceable
against a third party, then our Sponsor will not be responsible to the extent of any liability for such third-party claims. We have not
independently verified whether our Sponsor has sufficient funds to satisfy its indemnity obligations and believe that our Sponsor’s
only assets are securities of our company and, therefore, our Sponsor may not be able to satisfy those obligations. None of our other
officers will indemnify us for claims by third parties including, without limitation, claims by vendors and prospective target businesses.

In the event that the proceeds
in the Trust Account are reduced below (1) $10.10 per public share or (2) such lesser amount per public share held in the Trust
Account as of the date of the liquidation of the Trust Account, due to reductions in value of the trust assets, in each case net of the
amount of interest which may be withdrawn to pay taxes, and our Sponsor asserts that it is unable to satisfy its indemnification obligations
or that it has no indemnification obligations related to a particular claim, our independent directors would determine whether to take
legal action against our Sponsor to enforce their respective indemnification obligations. While we currently expect that our independent
directors would take legal action on our behalf against our Sponsor to enforce their respective indemnification obligations to us, it
is possible that our independent directors in exercising their business judgment may choose not to do so in any particular instance. Accordingly,