Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 31

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 31
---
13 of the Business Combination Agreement) the New York Stock Exchange, as applicable. “Recapitalization” means the recapitalization of the share capital of World Media and Entertainment Universal Inc. immediately following the Re -Designationand immediately prior to the Merger Effective Time by way of a share consolidation or subdivision such that (i) each pre -RecapitalizationaWME Class A Ordinary Share will be consolidated or divided into a number of aWME Class A Ordinary Shares, (ii) each pre -CapitalizationaWME Class B Ordinary Share will be consolidated or divided into a number of aWME Class B Ordinary Shares, and (iii) each pre -RecapitalizationaWME Preferred Share will be consolidated or divided into a number of aWME Preferred Shares, in each case, equal to the Adjustment Factor; “Redeeming BSII Shares” means the BSII Shares in respect of which the eligible holder thereof has validly exercised such holder’s redemption right; “Re -Designation” means the re -designationof the share capital of World Media and Entertainment Universal Inc. immediately prior to the Recapitalization as follows: (A) each aWME Ordinary Share (other than non -votingordinary shares) not held by AMTD Digital shall be re -designatedand re -classifiedinto one aWME Class A Ordinary Share, where each aWME Class A Ordinary Share shall entitle its holder to one vote on all matters subject to vote at general meetings of World Media and Entertainment Universal Inc.; (B) each aWME Ordinary Share (other than non -votingordinary shares) held by AMTD Digital shall be re -designatedand re -classifiedinto one aWME Class B Ordinary Share, where each aWME Class B Ordinary Share shall entitle its holder to 20 votes on all matters subject to vote at general meetings of World Media and Entertainment Universal Inc.; and (C) each non -votingredeemable ordinary share in the share capital of World Media and Entertainment Universal Inc. shall be re -designatedand re -classifiedinto one non -votingredeemable preferred share in the share capital of World Media and Entertainment Universal Inc. “Registration Rights Agreement” means the registration rights agreement to be entered upon Closing, by and among certain shareholders of aWME, the Sponsor and certain affiliates of the Sponsor; 7 “SEC” means the U.S. Securities and Exchange Commission; “Sponsor” means Black Spade Sponsor