Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 817

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 817
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 or damaged share certificates 3.4If a share certificate is defaced, worn-out, lost or destroyed, it may be renewed on such terms (if any) as to: (a)evidence; (b)indemnity; (c)payment of the expenses reasonably incurred by the Company in investigating the evidence; and (d) payment of a reasonable fee, if any, for issuing a replacement share certificate as the directors may determine, and (in the case of defacement or wearing-out) on delivery to the Company of the old certificate. 4 Lien on Shares Nature and scope of lien 4.1The Company has a first and paramount lien on all Shares (whether Fully Paid or not) registered in the name of a Member (whether solely or jointly with others). The lien is for all moneys payable to the Company by the Member or the Member’s estate: (a)either alone or jointly with any other person, whether or not that other person is a Member; and (b)whether or not those moneys are presently payable. 4.2At any time the directors may declare any Share to be wholly or partly exempt from the provisions of this Article. Annex B-20 Company may sell Shares to satisfy lien 4.3The Company may sell any Shares over which it has a lien if all of the following conditions are met: (a)the sum in respect of which the lien exists is presently payable; (b)the Company gives notice to the Member holding the Share (or to the person entitled to it in consequence of the death or bankruptcy of that Member) demanding payment and stating that if the notice is not complied with the Shares may be sold; and (c)that sum is not paid within 14 Clear Days after that notice is deemed to be given under these Articles. 4.4The Shares may be sold in such manner as the directors determine. 4.5To the maximum extent permitted by law, the directors shall incur no personal liability to the Member concerned in respect of the sale. Authority to execute instrument of transfer 4.6To give effect to a sale, the directors may authorise any person to execute an instrument of transfer of the Shares sold to, or in accordance with the directions of, the purchaser. The title of the transferee of the Shares shall not be affected by any irregularity or invalidity in the proceedings in respect of the sale. Consequences of sale of Shares to satisfy lien 4.7On sale pursuant