Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 193

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 193
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.S. Holders should consult their tax advisors regarding the possible application
of the Proposed PFIC Option Regulations to the Warrants. The following discussion assumes that the Proposed PFIC Option Regulations will
apply to the Warrants.

The Default PFIC Regime applies
with respect to:

| ● | Any gain recognized by the U.S. Holder on the sale or 
 other disposition of such Securities; and             |

| ● | any “excess distribution” made to the U.S. Holder                                                                                
 with respect to such Securities (generally, any distributions to such U.S. Holder during a taxable year of the U.S. Holder       
 that are greater than 125% of the average annual distributions received by such U.S. Holder in respect of such Securities during 
 the three preceding taxable years of such U.S. Holder or, if shorter, such U.S. Holder’s holding period for such                 
 Securities).                                                                                                                     |

| ● | Under the Default PFIC Regime: |

| ● | the U.S. Holder’s gain or excess distribution will                              
 be allocated ratably over the U.S. Holder’s holding period for such Securities; |

| ● | the amount of gain allocated to the U.S. Holder’s                                                                                    
 taxable year in which the U.S. Holder recognized the gain or received the excess distribution, or to the period in the U.S. Holder’s 
 holding period before the first day of TGE’s first taxable year as a PFIC in which the U.S. Holder held such Shares (such            
 taxable year as it relates to each U.S. Holder, the “First PFIC Holding Year”), will be taxed as ordinary income;                    |

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| ● | the amount of gain allocated to other taxable years (or                                                                 
 portions thereof) of the U.S. Holder and included in such U.S. Holder’s holding period will be taxed at the highest tax 
 rate in effect for that year and applicable to the U.S. Holder; and                                                     |

| ● | an additional tax equal to the interest charge generally applicable                                                              
 to underpayments of tax will be imposed on the U.S. Holder in respect of the tax attributable to each such other taxable year of 
 such U.S. Holder.                                                                                                                |

Alternatively, if a U.S. Holder,
at the close of its taxable year, owns (or is deemed to own) shares in a PFIC that are treated as marketable shares, the U.S. Holder
may make a mark-to-market