Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 79

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 79
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 |             |     |             |   |
| Sources                        |     |                  |     |             |     |             |   |
| Proceeds from Trust Account(1) |     |            156.0 |     |        78.0 |     |         4.9 |   |
| Uses                           |     |                  |     |             |     |             |   |
| Estimated fees and expenses(2) |     |             19.9 |     |        19.9 |     |        19.9 |   |
| Cash to Balance Sheet(3)       |     |            136.1 |     |        58.1 |     |       (15.0 | ) |

____________ Notes: (1)As Based on Trust Account balance as of December 31, 2024. (2)Includes a transaction bonus of $5,560,000 to be paid to the Sponsor. Such amount will be deducted from the Trust Account, to the extent there remain any funds in the Trust Account after application of the funds in the Trust Account to satisfy any Black Spade II Shareholder Redemptions, and any shortfall will be paid by aWME. (3)WME plans to use the net proceeds from the business combination transaction after paying for transaction fees and expenses for: a.continued adoption of the direct ownership model for L’Officiel and The Art Newspaper; b.support for our business expansion and growth through acquisition of media platforms and global premium properties although we do not have any fixed plans currently; and c.general working capital purposes. Agreements Entered into in Connection with Business Combination Agreement Shareholders Support and Lock-Up Agreement and Deed On January 27, 2025, concurrently with the execution of the Business Combination Agreement, Black Spade II, World Media and Entertainment Universal Inc. and the aWME Shareholders entered into a shareholder support and lock -upagreement and deed (the “aWME Shareholders Support Agreement”), pursuant to which each aWME Shareholder agreed to, among other things, (i) attend any World Media and Entertainment Universal Inc. shareholder meeting to establish a quorum for the purpose of approving the Business Combination, and (ii) vote the Pre -RecapitalizationaWME Shares and any other World Media and Entertainment Universal Inc. securities acquired by such aWME Shareholder in favor of approving the transactions contemplated by the Business Combination Agreement and the Ancillary Agreements. In addition, pursuant