Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 237

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 237
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ade II Material Adverse Effect that is continuing since the date of the Business Combination Agreement; •the execution of certain Ancillary Agreements and closing certificate by Black Spade II and/or its shareholders (including the Sponsor) and officers, as applicable; and •the Merger Surviving Company (as the successor of Black Spade II) having at least $5,000,001 of net tangible assets remaining after the consummation of the Business Combination and giving effect to the exercise of the redemption rights of Black Spade II Shareholders. Other Conditions to the Obligations of Black Spade II The obligations of Black Spade II to consummate the Transactions are also subject to the satisfaction or waiver, if permitted by applicable law, in writing by Black Spade II of the following conditions: •the accuracy of the representations and warranties of TGE (subject to certain materiality standards set forth in the Business Combination Agreement); •material compliance by TGE and Merger Sub with its pre -closingcovenants; •the absence of an TGE Material Adverse Effect that is continuing since the date of the Business Combination Agreement; 141 •the Letter of Support dated January27, 2025, having been duly executed by AMTD Digital to TGE and having not been revoked, supplemented or amended; •the intellectual property license agreement entered into between AMTD Group Inc. and TGE dated January27, 2025, and the Confirmatory Transfer Agreement having been duly executed and having not been revoked, supplemented or amended; and •the execution of certain Ancillary Agreements and closing certificate by TGE and/or its shareholders and officers, as applicable. Termination The Business Combination Agreement may be terminated under certain customary and limited circumstances prior to Closing, including: (i) by written consent of all parties to the Business Combination Agreement; (ii) by either TGE or Black Spade II if the Registration Statement has not been declared effective under the Securities Act on or before June 10, 2025, or, if so agreed in writing by Black Spade II and TGE, August 27, 2025 (the “Effectiveness Deadline”); (iii) by either TGE or Black Spade II if the consummation of the Merger is permanently enjoined, prohibited, deemed illegal or prevented by a final and non -appealablegovernmental order; (iv) by either TGE or Black Spade II upon a breach of any representation, warranty, covenant or agreement set forth in the Business