Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 532

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 532
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ency Global Inc., located at 122 East 42 ndStreet, 18 thFloor, New York, NY 10168, as its agent upon whom process may be served in any action brought against it under the securities laws of the United States. Cayman Islands PubCo has been advised by Ogier, its counsel as to Cayman Islands law, that there is uncertainty as to whether the courts of the Cayman Islands would (1) recognize or enforce against us judgments of courts of the United States based on certain civil liability provisions of U.S. securities laws, or (2) entertain original actions brought in the Cayman Islands against it or its directors or officers that are entertain original actions brought in each respective jurisdiction against us or our directors or officers predicated upon the securities laws of the United States or any state in the United States. PubCo has also been advised by Ogier that, there is no statutory enforcement in the Cayman Islands of judgments obtained in the United States, although the courts of the Cayman Islands will in certain circumstances recognize and enforce a foreign judgment, without any re -examinationor re -litigationof matters adjudicated upon, provided such judgment: (a)is given by a foreign court of competent jurisdiction; (b)imposes on the judgment debtor a liability to pay a liquidated sum for which the judgment has been given; (c)is final; (d)is not in respect of taxes, a fine or a penalty; (e)was not obtained by fraud; and (f)is not of a kind the enforcement of which is contrary to natural justice or the public policy of the Cayman Islands. Subject to the above limitations, in appropriate circumstances, a Cayman Islands court may give effect in the Cayman Islands to other kinds of final foreign judgments such as declaratory orders, orders for performance of contracts and injunctions PRC Jingtian & Gongcheng, PubCo’s counsel as to PRC law, has advised it that there is uncertainty as to whether the courts of China would: •recognize or enforce judgments of United States courts obtained against PubCo or its directors or officers predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States; or •entertain original actions brought in the PRC against PubCo or its directors or officers predicated upon the securities laws of the United States or any state in the United States. 279 Jingtian & Gongcheng has further advised that the recognition and enforcement of foreign