Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 834

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 834
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, all of the executors named in that will who are living at the time the power of appointment under this Article is exercised; and (B)after such grant of probate has been obtained, only such of those executors who have proved that will; (ii)without derogating from section 3(1) of the Succession Act (Revised), the executors named in that will may exercise the power of appointment under this Article without first obtaining a grant of probate. 14.7A remaining director may appoint a director even though there is not a quorum of directors. 14.8No appointment can cause the number of directors to exceed the maximum; and any such appointment shall be invalid. Removal of directors 14.9 A director may be removed by Ordinary Resolution. Annex B-34 Resignation of directors 14.10A director may at any time resign office by giving to the Company notice in writing or, if permitted pursuant to the notice provisions, in an Electronic Record delivered in either case in accordance with those provisions. 14.11Unless the notice specifies a different date, the director shall be deemed to have resigned on the date that the notice is delivered to the Company. Termination of the office of director 14.12A director’s office shall be terminated forthwith if: (a)he is prohibited by the law of the Islands from acting as a director; or (b)he is made bankrupt or makes an arrangement or composition with his creditors generally; or (c)in the opinion of a registered medical practitioner by whom he is being treated he becomes physically or mentally incapable of acting as a director; or (d)he is made subject to any law relating to mental health or incompetence, whether by court order or otherwise; or (e)without the consent of the other directors, he is absent from meetings of directors for a continuous period of six months. 15 Alternate directors Appointment and removal 15.1Any director may appoint any other person, including another director, to act in his place as an alternate director. No appointment shall take effect until the director has given notice of the appointment to the other directors. Such notice must be given to each other director by either of the following methods: (a)by notice in writing in accordance with the notice provisions; (b)if the other director has an email address, by emailing to that address a scanned copy of the notice as a PDF attachment (the PDF version being deemed to be the notice unless Article 30.