Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 141

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 10
Chunk 141
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AA and any other sanction required by the Cayman Companies Act, pass a special resolution allowing
the liquidator to do either or both of the following:

  to divide in specie among the                                                                                                           

  to vest the whole or any part                                                                               

The directors have the authority
to present a petition for our winding up to the Grand Court of the Cayman Islands on our behalf without the sanction of a resolution
passed at a general meeting.

Calls on Ordinary Shares and forfeiture
of Ordinary Shares

Our board of directors may
from time to time make calls upon shareholders for any amounts unpaid on their ordinary shares. The ordinary shares that have been called
upon and remain unpaid are subject to forfeiture.

Redemption of Ordinary Shares

Subject to the provisions
of the Cayman Companies Act and other applicable law, we may issue shares on terms that are subject to redemption, at our option or at
the option of the holders, on such terms and in such manner, including out of any combination of capital, our profits and the proceeds
of a fresh issue of shares, as may be determined by the board of directors.

Variations of rights of shares

Whenever the capital of us
is divided into different classes of shares, the rights attaching to any class of share (unless otherwise provided by the terms of issue
of the shares of that class) may be varied either with the consent in writing of the holders of not less than two-thirds of the issued
shares of that class, or with the sanction of a resolution passed by a majority of not less than two-thirds of the holders of shares
of the class present in person or by proxy at a separate general meeting of the holders of shares of that class.

Unless the terms on which
a class of shares was issued state otherwise, the rights conferred on the shareholder holding shares of any class shall not be deemed
to be varied by the creation or issue of further shares ranking pari passu with the existing shares of that class. The rights attached
to or otherwise conferred upon the holders of the shares of any class shall not be deemed to be varied by the creation or issue of shares
with preferred or other rights including, without limitation, the creation of shares with enhanced or weighted voting rights.

General meetings of shareholders

General meetings may be convened
by a majority of our board of directors. Advance notice of at least five (5) Clear Days is required for the convening of our annual general
meeting and any other extraordinary general meeting of our shareholders. A quorum shall consist of