Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 865

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 865
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 after it has become due and payable the Directors may give to the person from whom it is due not less than 14 Clear Days’ notice requiring payment of: (a)the amount unpaid; (b)any interest which may have accrued; and (c)any expenses which have been incurred by the Company due to that person’s default. 5.11The notice shall state the following: (a)the place where payment is to be made; and (b)a warning that if the notice is not complied with the Shares in respect of which the call is made will be liable to be forfeited. Forfeiture or surrender of Shares 5.12If the notice given pursuant to Article 5.10 is not complied with, the Directors may, before the payment required by the notice has been received, resolve that any Share the subject of that notice be forfeited. The forfeiture shall include all dividends or other monies payable in respect of the forfeited Share and not paid before the forfeiture. Despite the foregoing, the Board may determine that any Share the subject of that notice be accepted by the Company as surrendered by the Member holding that Share in lieu of forfeiture. Disposal of forfeited or surrendered Share and power to cancel forfeiture or surrender 5.13A forfeited or surrendered Share may be sold, re-allotted or otherwise disposed of on such terms and in such manner as the Board determine either to the former Member who held that Share or to any other person. The forfeiture or surrender may be cancelled on such terms as the Directors think fit at any time before a sale, re-allotment or other disposition. Where, for the purposes of its disposal, a forfeited or surrendered Share is to be transferred to any person, the Directors may authorise some person to execute an instrument of transfer of the Share to the transferee. Effect of forfeiture or surrender on former Member 5.14On forfeiture or surrender: (a)the name of the Member concerned shall be removed from the register of Members as the holder of those Shares and that person shall cease to be a Member in respect of those Shares; and (b)that person shall surrender to the Company for cancellation the certificate (if any) for the forfeited or surrendered Shares. 5.15Despite the forfeiture or surrender of his Shares, that person shall remain liable to the Company for all monies which at the date of forfeiture or surrender were presently payable by him to the Company in respect of those Shares together with: (a)all expenses; and Annex