Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 408

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 408
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 II warrant agreement provides that (a) the terms of the BSII Warrants may be amended without the consent of any holder for the purpose of (i) curing any ambiguity or correct any mistake, including to conform the provisions of the Black Spade II warrant agreement to the description of the terms of the BSII Warrants and the Black Spade II warrant agreement set forth in this prospectus, or defective provision, (ii) removing or reducing Black Spade II’s ability to redeem the BSII Public Warrants and, if applicable, a corresponding amendment to Black Spade II’s ability to redeem the BSII Private Warrants, or (iii) adding or changing any provisions with respect to matters or questions arising under the Black Spade II warrant agreement as the parties to the Black Spade II warrant agreement may deem necessary or desirable and that the parties deem to not adversely affect the rights of the registered holders of the BSII Public Warrants under the Black Spade II warrant agreement in any material respect; (b) the terms of the BSII Warrants may be amended with the vote or written consent of at least 50% of the then outstanding BSII Public Warrants and BSII Private Warrants, voting together as a single class, to allow for the BSII Warrants to be, or continue to be, as applicable, classified as equity in Black Spade II’s financial statements; and (c) all other modifications or amendments to the Black Spade II warrant agreement with respect to (i) the BSII Public Warrants require the vote or written consent of holders of at least 50% of the then outstanding BSII Public Warrants, and (ii) the BSII Private Warrants require the vote or written consent of holders of at least 50% of the then outstanding BSII Private Warrants. The Black Spade II warrant holders do not have the rights or privileges of holders of ordinary shares and any voting rights until they exercise their BSII Warrants and receive BSII Public Shares. After the issuance of BSII Public Shares upon exercise of the BSII Warrants, each holder will be entitled to one vote for each share held of record on all matters to be voted on by shareholders. No fractional BSII Warrants will be issued upon separation of the Units and only whole BSII Warrants will trade. If, upon exercise of the BSII Warrants, a holder would be entitled to receive a fractional interest in a share, Black Spade II will, upon exercise, round down to the nearest