Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 759

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 759
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 and the Parties shall, to the extent required by the Warrant Agreement, cause the agent of the SPAC Warrants to enter into an assignment and assumption agreement reflecting such assignment and assumption of the SPAC Warrants by PubCo and other amendments to the Warrant Agreement as agreed between the Parties, the form of which is attached hereto as Exhibit E (the Warrant Agreement, as assigned, assumed, and amended, the “Assumed Warrant Agreement”). 7.20 Reorganization. Each of the Company and Nanjing Scage shall use commercially reasonable efforts to, and shall cause its Affiliates to, take or cause to be taken all actions, and do or cause to be done all things, necessary, proper or advisable in order to consummate the Reorganization in accordance with applicable Laws as contemplated by the Reorganization Documents as soon as reasonably practicable and in any event no later than September 30, 2023 (the “ Completion Date of Reorganization ”) and deliver all documents that evidence the completion of the Reorganization to the Purchaser, including a certificate signed by an executive officer of the Company in such capacity, dated the Completion Date of Reorganization, certifying as to the completion of the Reorganization in accordance with applicable Laws and the Reorganization Documents in all material respects. 7.21 Lock-up Agreement. On or prior to the Closing, in addition to the Key Seller Lock-Up Agreements that would be entered into by the Key Company Shareholders simultaneously with the execution and delivery of this Agreement , the Company shall cause all other shareholders of the Company to each enter into a Lock-Up Agreement with Pubco and Purchaser, the form of which is attached as Exhibit A-2 (the “ Seller Lock-up Agreement ”), which will become effective as of the Closing, subject to the written waiver by Purchaser. 7.22 Operation Sustainability of the Company. During the Interim Period and after Closing, each Target Company shall, and the Company shall cause each Target Company to, (i) comply with all applicable Laws in all material respects, including but not limited to applicable Laws and regulations in connection with the operations of the Target Companies; (ii) use commercially reasonable efforts to ensure the sustainability of the collaboration with its cooperative manufacturers for its new energy road vehicles and off-road vehicles manufacturing; (iii) take proper measures to ensure the continuity of its business operations if PRC government implements any laws or policies that have a Material Adverse Effect on the Target Companies; and (iv) enter into definitive contracts