Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 515

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 515
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| The Finnovate Articles provides for the indemnification for every director and officer (which for the avoidance of doubt, shall not include auditors of the Finnovate), together with every former director and former officer, out of the assets of Finnovate against any liability, action, proceeding, claim, demand, costs, damages or expenses, including legal expenses, whatsoever which they or any of them may incur as a result of any act or failure to act in carrying out their functions other than such liability (if any) that they may incur by reason of their own actual fraud, willful neglect or willful default. |     | Scage International Articles provides for the indemnification for each existing director, officer or trustee, provided that no such existing director, officer or trustee shall be indemnified in respect of any matter arising out of his own fraud or dishonesty.                                                                                                                                                                                                                            |     | PubCo A&R MAA provides for the indemnification for each existing or former director (including alternate director), secretary and other officer of PubCo (including an investment adviser or an administrator or liquidator) and their personal representatives, provided that no such existing or former director, secretary or officer shall be indemnified in respect of any matter arising out of his own dishonesty, willful default, willful neglect or fraud. |

Certain privileges of the holders of Scage International’s preferred shares, including but not limited to the co -saleright, the right of redemption, the right of liquidation, the right of anti -dilution, the right of drag -along, the right of priority dividend and any right of such holders which would effect the application of qualified initial public offering was terminated on the date when Scage International submits the registration statement on Form F -4in connection with the Business Combination.

267 DESCRIPTION OF AMERICAN DEPOSITARY SHARES Citibank, N.A. has agreed to act as the depositary bank for the American Depositary Shares. Citibank’s depositary offices are located at 388 Greenwich Street, New York, New York 10013. American Depositary Shares are frequently referred to as “ADSs” and represent ownership interests in securities that are on deposit with the depositary bank. ADSs may berepresented by certificates that are commonly known as “American Depositary Receipts” or “ADRs.” The depositary bank typically appoints a custodian to safekeep the securities on deposit. In