Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 271

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 271
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 TGE Equity Value”
will be obtained by dividing (a) the equity value of TGE (being $488,000,000) by (b) the aggregate number of ordinary shares of TGE issued
and outstanding immediately prior to the Recapitalization.

At the Merger Effective
Time and as a result of the Merger:

| ● | Each                                                                                                                               
 Class B ordinary share of the Company, par value $0.0001 per share (“BSII Class B Ordinary Shares”) that is                        
 issued and outstanding immediately prior to the Merger Effective Time will be automatically cancelled in exchange for the right to 
 receive one TGE Class A Ordinary Share;                                                                                            |

| ● | Each                                                                                                                                         
 Class A ordinary share of the Company, par value $0.0001 per share (“BSII Class A Ordinary Share”) that is                                   
 issued and outstanding immediately prior to the Merger Effective Time (other than such BSII Class A Ordinary Shares that are treasury        
 shares, validly redeemed shares or BSII Dissenting Shares (as defined below)) will be cancelled in exchange for the right to receive one TGE 
 Class A Ordinary Share;                                                                                                                      |

| ● | Each                                                                                               
 BSII Class A Ordinary Share that is held as a treasury share will be cancelled and cease to exist; |

| ● | Each                                                                                                                                   
 issued and outstanding BSII Class A Ordinary Share that is validly redeemed will be cancelled in exchange for the right to be paid     
 a pro rata share of the aggregate amount payable with respect to the exercise of the redemption rights of Black Spade II Shareholders; 
 and                                                                                                                                    |

| ● | Each                                                                                                                                   
 issued and outstanding BSII Class A Ordinary Share that is held by any person who has validly exercised and not effectively withdrawn  
 or lost their right to dissent from the Merger in accordance with Section 238 of the Companies Act (As Revised) of the Cayman Islands  
 (“BSII Dissenting Share”) will be cancelled and carry no right other than the right to receive the payment of the fair                 
 value of such BSII Dissenting Share determined in accordance with Section 238 of the Companies Act (As Revised) of the Cayman Islands; 
 and                                                                                                                                    |

| ● | Each                                                                                                                              
 issued and outstanding warrant of the Company exercisable for shares of the Company will be exchanged for a corresponding warrant 
 exercisable for TGE Class A Ordinary Shares (“TGE Warrant”).                                                                      |

Under the Business Combination
Agreement, upon Closing, the Sponsor will be