Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 819

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 819
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 respect of which the call was made. He shall not be liable for calls made after he is no longer registered as Member in respect of those Shares. Time when call made 5.4A call shall be deemed to have been made at the time when the resolution of the directors authorising the call was passed. Liability of joint holders 5.5Members registered as the joint holders of a Share shall be jointly and severally liable to pay all calls in respect of the Share. Interest on unpaid calls 5.6If a call remains unpaid after it has become due and payable the person from whom it is due and payable shall pay interest on the amount unpaid from the day it became due and payable until it is paid: (a)at the rate fixed by the terms of allotment of the Share or in the notice of the call; or (b)if no rate is fixed, at the Default Rate. The directors may waive payment of the interest wholly or in part. Deemed calls 5.7Any amount payable in respect of a Share, whether on allotment or on a fixed date or otherwise, shall be deemed to be payable as a call. If the amount is not paid when due the provisions of these Articles shall apply as if the amount had become due and payable by virtue of a call. Power to accept early payment 5.8The Company may accept from a Member the whole or a part of the amount remaining unpaid on Shares held by him although no part of that amount has been called up. Power to make different arrangements at time of issue of Shares 5.9Subject to the terms of allotment, the directors may make arrangements on the issue of Shares to distinguish between Members in the amounts and times of payment of calls on their Shares. Notice of default 5.10If a call remains unpaid after it has become due and payable the directors may give to the person from whom it is due not less than 14 Clear Days’ notice requiring payment of: (a)the amount unpaid; (b)any interest which may have accrued; (c)any expenses which have been incurred by the Company due to that person’s default. 5.11The notice shall state the following: (a)the place where payment is to be made; and (b)a warning that if the notice is not complied with the Shares in respect of which the call is made will be liable to be forfeited. Annex B-22 Forfeiture or surrender of Shares 5.12If the notice under the