Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 231

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 231
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 a holding period requirement of 60 days; provided, for the avoidance of doubt, that any shareholder upon the Closing that was an eligible shareholder who elected to exercise its redemption right shall not be entitled to receive this foregoing payment. 135 Earnout Following the Closing, if any of the following events occurs prior to the first anniversary of the Closing Date (the “Earnout Period”), TGE may issue, or cause to be issued, to each of AMTD Digital, AMTD IDEA Group and AMTD Group Inc. (in accordance with their respective pro rata share, calculated on the basis of the number of TGE Class A Ordinary Shares held by them inter se), such number of TGE Class A Ordinary Shares which in aggregate represent 3% of the aggregate number of TGE Class A Ordinary Shares outstanding as of the date such event occurs: (a)the daily dollar volume -weightedaverage price (“VWAP”) of TGE Class A Ordinary Shares is equal to or greater than $30.00 for forty (40) trading days during any continuous sixty (60) trading day period; or (b)(i) the VWAP of TGE Class A Ordinary Shares is equal to or greater than $20.00 for forty (40) trading days during any continuous sixty (60) trading day period; (ii) TGE or any of its subsidiaries has acquired not less than 51% of the ownership interest in a hotel of not less than 100 rooms (including with all permits, licenses, consents and approvals as may be required for such hotel to operate) which is fully operating during the Earnout Period and not less than 51% interest in the management contract with respect to such hotel; and (iii) TGE or any of its subsidiaries has acquired not less than 51% of the ownership interest in each of at least five (5) Eligible Coffee Shops and not less than 51% interest in each management contract with respect to each such Eligible Coffee Shop. As used herein, “Eligible Coffee Shop” means a commercial shop retailing coffee products under the “L’Officiel” brand, which has not less than 20 seats and is fully operating during the Earnout Period and has all permits, licenses, consents and approvals as may be required for it to operate (but excluding any “pop -up” shops or other shops or retail facilities of a temporary nature). Nothing in the foregoing is intended to restrict TGE’s discretion to issue equity incentives after the Closing where it