Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 255

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 255
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 redeem the outstanding Public Warrants:

| ● | in whole and not in part; |

| ● | at a price of $0.01 per Public Warrant; |

| ● | upon a minimum of 30 days prior written notice of redemption, 
 or the 30-day redemption period to each warrant holder; and   |

| ● | if, and only if, the closing price of the Class A ordinary                                                                                                                
 shares equals or exceeds $18.00 per share (as adjusted for stock splits, stock capitalizations, reorganizations, recapitalizations and                                    
 the like and for certain issuances of ordinary shares and equity-linked securities for capital raising purposes in connection with the completion of the initial business 
 combination as described elsewhere in this prospectus) (which is referred to as the “Reference Value”) for any 20 trading                                                 
 days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice                                               
 of redemption to the warrant holders.                                                                                                                                     |

<div align='center'>F-18

BLACK SPADE ACQUISITION II CO
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024</div>

NOTE 8 — WARRANTS
(cont.)

The Company will not redeem the Public Warrants
for cash unless a registration statement under the Securities Act covering the issuance of the Class A ordinary shares issuable upon
exercise of the public warrants is then effective and a current prospectus relating to those Class A ordinary shares is available
throughout the 30-day redemption period or the Company has elected to require the exercise of the public warrants on a cashless basis.
If and when the Public Warrants become redeemable by the Company, it may exercise its redemption right even if the Company is unable to
register or qualify the underlying securities for sale under all applicable state securities laws. As a result, the Company may redeem
warrants even if the holders are otherwise unable to exercise their warrants.

If the Company calls the Public Warrants for redemption
as described above, the Company will have the option to require all holders that wish to exercise such warrants to do so on a “cashless
basis.” In such event, each holder would pay the exercise price by surrendering the warrants for that number of Class A ordinary
shares equal to the quotient obtained by dividing (x) the product of the number of Class A ordinary shares underlying the warrants,
multiplied by the excess of the “fair market value (as defined below