Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 235

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 235
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 a whole, relative to such similarly situated participants. Pursuant to the Business Combination Agreement, a material adverse effect with respect to Black Spade II (“Black Spade II Material Adverse Effect”) means any effect, development, event, occurrence, fact, condition, circumstance or change that, individually or in the aggregate, has had, or would reasonably be expected to have, a material adverse effect on the ability of Black Spade II to timely consummate the Closing (including the Business Combination) on the terms set forth under the Business Combination Agreement or to perform its agreements or covenants thereunder. No Survival None of the representations, warranties, covenants and agreements in the Business Combination Agreement or in any instrument, document or certificate delivered pursuant to the Business Combination Agreement, including any rights arising out of any breach of such representations, warranties, covenants, obligations shall survive the Closing, except for (a) those covenants and agreements contained therein which by their terms expressly apply in whole or in part after the Closing and then only to such extent until such covenants and agreements have been fully performed, (b) any covenants and agreements in the Surviving Provisions (as defined therein) and (c) any claim arising out of fraud. Comparison of Rights of Shareholders of The Generation Essentials Group, Black Spade II and the Surviving Company Each of The Generation Essentials Group and Black Spade II is a company incorporated under the laws of the Cayman Islands and the surviving company of the Merger will remain as a company incorporated under the laws of the Cayman Islands. Accordingly, the rights of the shareholders of The Generation Essentials Group are governed by the TGE Articles and the Cayman Islands Companies Act and the rights of the shareholders of Black Spade II are governed by the Black Spade II Articles and the Cayman Islands Companies Act. The rights of the shareholders of the surviving company of the Merger after the consummation of the Business Combination will be governed by the Black Spade II Articles and the Cayman Islands Companies Act, and the rights of the shareholders of The Generation Essentials Group after the consummation of the Business Combination will be governed by the Amended TGE Articles and the Cayman Islands Companies Act. The Amended TGE Articles will take effect on the Closing Date and immediately prior to the Merger Effective Time. Pursuant to the terms of the Amended TGE Articles, holders of TGE Class A Ordinary Shares and TGE Class B Ordinary Shares will generally have the same rights