Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 192

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 192
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 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 election with respect to such shares for such taxable year. If the U.S. Holder makes (or has made)
a valid mark-to-market election with respect to Shares for such holder’s First PFIC Holding Year, such holder will generally
not be subject to the Default PFIC Regime in respect of such shares as long as such shares continue to be treated as marketable shares.
Instead, in general, the U.S. Holder will include as ordinary income for each year that TGE is treated as a PFIC the excess, if any,
of the fair market value of such shares at the end of its taxable year over the adjusted basis in such shares. The U.S. Holder also
will be allowed to take an ordinary loss in respect of the excess, if any, of the adjusted basis of such shares over the fair market value
of