Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 152

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 10
Chunk 152
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 of Directors
may, in its absolute discretion, decline to register any transfer of any ordinary share which is not fully paid up or on which SunCar
has a lien. SunCar’s Board of Directors may also decline to register any transfer of any ordinary share unless:

  the instrument of transfer is lodged with us, accompanied by the certificate for the ordinary shares to which it relates and such other evidence as SunCar’s Board of Directors may reasonably re...  
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  the instrument of transfer is in respect of only one class of shares;                                                                                                                                 
  the instrument of transfer is properly stamped, if required;                                                                                                                                          
  in the case of a transfer to joint holders, the number of joint holders to whom the ordinary share is to be transferred does not exceed four; and                                                     
  a fee of such maximum sum as the Nasdaq may determine to be payable or such lesser sum as SunCar’s directors may from time to time require is paid to SunCar in respect thereof.                      

If SunCar’s directors
refuse to register a transfer they shall, within two months after the date on which the instrument of transfer was lodged, send to each
of the transferor and the transferee notice of such refusal.

The registration of transfers
may, after compliance with any notice required of the Nasdaq, be suspended and the register closed at such times and for such periods
as SunCar’s Board of Directors may from time to time determine, provided, however, that the registration of transfers
shall not be suspended nor the register closed for more than 30 days in any year as SunCar’s board may determine.

Liquidation. On
a return of capital on winding up or otherwise (other than on conversion, redemption or purchase of ordinary shares), if the assets available
for distribution amongst SunCar’s shareholders shall be more than sufficient to repay the whole of the share capital at the commencement
of the winding up, the surplus shall be distributed amongst SunCar’s shareholders in proportion to the par value of the shares held
by them at the commencement of the winding up, subject to a deduction from those shares in respect of which there are monies due, of all
monies payable to SunCar for unpaid calls or otherwise. If SunCar’s assets available for distribution are insufficient to repay
all of the paid-up capital, the assets will be distributed so that the losses are borne by