Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 463

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 463
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reements and Indemnification Agreements PubCo will enter into employment agreements with each of its executive officers immediately prior to the consummation of the Business Combination. Under these agreements, each of PubCo’s executive officers is employed for a five -yearperiod. PubCo may terminate an executive officer’s employment for cause, at any time, without notice or remuneration, for certain acts of the officer, including but not limited to incapacity to fulfill job responsibilities, breach of internal procedures or regulations which cause material damage to PubCo or breach of obligation of confidentiality. An executive officer may terminate his/her employment at any time with 30 days prior written notice. Each executive officer has agreed to hold, both during and after the employment agreement expires or is earlier terminated, in strict confidence and not to use, except for PubCo’s benefit, any confidential information of PubCo. In addition, all of PubCo’s executive officers have agreed to be bound by the non -competitionagreements entered into between such executive officers and PubCo. In addition, PubCo has entered into indemnification agreements with its directors and executive officers. Under these indemnification agreements, PubCo has agreed to indemnify its directors and executive officers against certain liabilities and expenses incurred by such persons in connection with claims made by reason of them being PubCo’s directors or executive officers. 234 Board Composition The primary responsibilities of the Board will be to provide oversight, strategic guidance, counseling and directions to the PubCo’s management. PubCo’s Board will consist of seven directors upon the consummation of the Business Combination. Mr. Chao Gao will serve as Chairman of the Board. The Board will meet on a regular basis and additionally as required. Pursuant to PubCo A&R MAA, we may by an ordinary resolution appoint any person to be a director, and the board may, by the affirmative vote of a simple majority of the remaining director(s) present and voting at a board meeting, appoint any person as a director, to fill a casual vacancy on the board or as an addition to the existing board. A director may be removed from office by an ordinary resolution, notwithstanding anything in PubCo A&R MAA or in any agreement between us and such director (but without prejudice to any claim for damages under such agreement). A vacancy on the board created by the removal of a director under the previous sentence may be filled by an ordinary resolution or by the affirmative vote of a simple majority of the remaining director(s) present and voting at a board meeting. The