Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 187

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 187
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thereof, all as of the date hereof. All of the foregoing is subject to change, which change could apply retroactively and could affect
the tax considerations described herein. This discussion does not address U.S. federal taxes other than those pertaining to U.S. federal
income taxation (such as estate or gift taxes, any alternative minimum tax or the Medicare tax on investment income), nor does it address
any aspects of U.S. state or local or non-U.S. taxation. There can be no assurance that the IRS will not take positions inconsistent
with the considerations discussed below or that any such positions would not be sustained by a court.

This discussion does not
consider the tax treatment of partnerships or other pass-through entities or persons who hold the Securities through such entities. If
a partnership (or any entity or arrangement so characterized for U.S. federal income tax purposes) holds the Securities, the tax
treatment of such partnership and a person treated as a partner of such partnership will generally depend on the status of the partner
and the activities of the partnership. Partnerships holding the Securities and persons that are treated as partners of such partnerships
should consult their tax advisors regarding the U.S. federal income tax consequences of owning and disposing of Securities in light of
their particular circumstances.

THIS SUMMARY DOES NOT
PURPORT TO BE A COMPREHENSIVE ANALYSIS OR DESCRIPTION OF ALL POTENTIAL U.S. FEDERAL INCOME TAX CONSEQUENCES OF ACQUIRING, OWNING AND
DISPOSING OF SECURITIES. HOLDERS OF SECURITIES SHOULD CONSULT WITH THEIR TAX ADVISORS REGARDING THE PARTICULAR TAX CONSEQUENCES TO THEM
OF THE ACQUISITION, OWNERSHIP AND DISPOSITION OF SECURITIES, INCLUDING THE APPLICABILITY AND EFFECTS OF U.S. FEDERAL, STATE, LOCAL, AND
OTHER TAX LAWS.

As used herein, a “U.S. Holder”
is a beneficial owner of the Securities who or that is, for U.S. federal income tax purposes:

| ● | an                                                   
 individual citizen or resident of the United States, |

| ● | a                                                                                           
 corporation (or other entity that is treated as a corporation for U.S. federal income       
 tax purposes) that is created or organized (or treated as created or organized) in or under 
 the laws of the United States or any state thereof or the District of Columbia,             |

| ● | an                                                                                  
 estate whose income is subject to U.S. federal income tax regardless