Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 711

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 711
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 Company and its Subsidiaries as of the Balance Sheet Date contained in the Company Financials or (ii) not material and that were incurred after the Balance Sheet Date in the ordinary course of business consistent with past practice (other than Liabilities for breach of any Contract or violation of any Law). (e) All financial projections with respect to the Target Companies that were delivered by or on behalf of the Company to the Purchaser or its Representatives were prepared in good faith using assumptions specified therein that the Company believes to be reasonable. (f) All accounts, notes and other receivables, whether or not accrued, and whether or not billed, of the Target Companies (the “ Accounts Receivable ”) arose from sales actually made or services actually performed in the ordinary course of business and represent valid obligations to a Target Company arising from its business. None of the Accounts Receivable are subject to any right of recourse, defense, deduction, return of goods, counterclaim, offset, or set off on the part of the obligor in excess of any amounts reserved therefore on the Company Financials that could reasonably result in a Material Adverse Effect. Annex A-1-22 6.8 Absence of Certain Changes. Except as set forth on Schedule 6.8 or for actions expressly contemplated by this Agreement or as contemplated by the Reorganization, since June 30, 2023, each Target Company: (a) has conducted its business only in the ordinary course of business consistent with past practice, (b) has not been subject to a Material Adverse Effect and (c) has not taken any action or committed or agreed to take any action that would be prohibited by Section 7.2(b) (without giving effect to Schedule 7.2 ) if such action were taken on or after the date hereof without the consent of the Purchaser. 6.9 Compliance with Laws. Except as set forth on Schedule 6.9 , no Target Company is or has been in material conflict or material non-compliance with, or in material default or violation of, nor has any Target Company received, since their respective inception, any written or, to the Knowledge of the Company, oral notice of any material conflict or non-compliance with, or material default or violation of, any applicable Laws by which it is or any of its properties, assets, employee, businesses or operations are or were bound or affected. There are no any existing PRC laws, regulations or policies that have a Material Adverse Effect on the continuity