Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 668

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 668
---
 vote to adopt and approve this Agreement, the Ancillary Agreement and the transactions contemplated hereunder. WHEREAS , in connection with the consummation of the Merger, the Company, the Sponsor and Pubco will on or prior to the Closing enter into an amended and restated Founder Registration Rights Agreement, in form and substance to be mutually agreed upon by Purchaser and the Company (the “ Amended and Restated Registration Rights Agreement ”), which will become effective as of the Merger Effective Time; WHEREAS , simultaneously with the execution and delivery of this Agreement, each of Chao Gao, Ziqian Guan and Yuanchi Guo has entered into a Non-Competition and Non-Solicitation Agreement in favor of Purchaser and the Company, the form of which is attached as Exhibit D hereto (the “ Non-Competition Agreement ”), which will become effective as of the Closing; WHEREAS , the boards of directors or similar governing bodies of each of Purchaser, Pubco, First Merger Sub, Second Merger Sub and the Company have each (a) determined that the Transactions are fair, advisable and in the best commercial interests of their respective companies and shareholders, and (b) approved this Agreement and the Transactions, upon the terms and subject to the conditions set forth herein and in accordance with the Cayman Companies Act (each as defined herein); and WHEREAS , certain capitalized terms used herein are defined in ARTICLE XII hereof. NOW, THEREFORE , in consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth below, and the representations, warranties, covenants and agreements contained in this Agreement, and intending to be legally bound hereby, the Parties hereto agree as follows: ARTICLE I MERGERS 1.1 The Mergers . (a) Upon the terms and subject to the conditions set forth in ARTICLE VIII, and in accordance with the Cayman Companies Act, on the Closing Date, First Merger Sub shall be merged with and into the Company. As a result of the First Merger, the separate corporate existence of First Merger Sub shall cease and the Company shall continue its corporate existence as the surviving company (within the meaning of the Cayman Companies Act) of the First Merger pursuant to the provisions of the Cayman Companies Act. (b) Upon the terms and subject to the conditions set forth in ARTICLE VIII, and in accordance with the Cayman Companies Act, on the Closing Date and immediately following the First Merger