Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 740

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 740
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 or other distribution (whether in cash, equity or property or any combination thereof) in respect of its shares or other equity interests, or directly or indirectly redeem, purchase or otherwise acquire or offer to acquire any of its securities; (iv) incur, create, assume, prepay or otherwise become liable for any Indebtedness (directly, contingently or otherwise) in excess of $100,000 individually or $250,000 in the aggregate, make a loan or advance to or investment in any third party, or guarantee or endorse any Indebtedness, Liability or obligation of any Person (provided, that this Section 5.3(b)(iv) shall not prevent the Purchaser from borrowing funds necessary to finance its ordinary course administrative costs and expenses and Expenses incurred in connection with the consummation of the Mergers and the other transactions contemplated by this Agreement (including any PIPE Investment and the costs and expenses necessary for an Extension (such expenses, “ Extension Expenses ”), up to aggregate additional Indebtedness during the Interim Period of $2,500,000 (the “ Interim Cap ”), provided, that if any of the conditions to the Closing set forth in Article VIII have not been satisfied or waived by the Outside Date, Purchaser can increase the Interim Cap to an aggregate amount of Indebtedness to be mutually agreed upon between Purchaser and the Company); Annex A-1-37 (v) make or rescind any material election relating to Taxes, settle any claim, action, suit, litigation, proceeding, arbitration, investigation, audit or controversy relating to material Taxes, file any amended material Tax Return or claim for refund, or make any material change in its Tax accounting or Tax policies or procedures, in each case except as required by applicable Law or in compliance with GAAP; (vi) amend, waive or otherwise change the Trust Agreement in any manner adverse to Purchaser; (vii) terminate, waive or assign any material right under any Purchaser Material Contract; (viii) fail to maintain its books, accounts and records in all material respects in the ordinary course of business consistent with past practice; (ix) establish any Subsidiary or enter into any new line of business; (x) fail to use commercially reasonable efforts to keep in force insurance policies or replacement or revised policies providing insurance coverage with respect to its assets, operations and activities in such amount and scope of coverage as are currently in effect; (xi) revalue any of its assets or make any