Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 226

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 226
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 during the Earnout Period and has all permits, licenses, consents and approvals as may be required for it to operate (but excluding any “pop -up” shops or other shops or retail facilities of a temporary nature). Nothing in the foregoing is intended to restrict aWME’s discretion to issue equity incentives after the Closing where it believes such issuance is in the best interests of aWME. Appraisal Rights under the Cayman Islands Companies Act Notwithstanding the above, the Cayman Islands Companies Act prescribes when shareholder appraisal rights will be available and sets the limitations on such rights. Where such rights are available, shareholders are entitled to receive fair value for their shares. However, regardless of whether such rights are or are not available, Black Spade II Public Shareholders are still entitled to exercise the rights of redemption in respect to their BSII Public Shares as set out herein, and the Black Spade II Board has determined that the redemption proceeds payable to Black Spade II Public Shareholders who exercise such redemption rights represent the fair value of those shares. See the section titled “Proposal Two — The Merger Proposal — Appraisal Rights Under the Cayman Islands Companies Act” for additional information. Holders of BSII Public Warrants or Units do not have appraisal rights in respect to such securities in connection with the Business Combination under the Cayman Islands Companies Act. Representations and Warranties Under the Business Combination Agreement, aWME made customary representations and warranties to Black Spade II, relating to, among other things: corporate existence and power; corporate authorization; governmental authorizations and consents; noncontravention; subsidiaries; capitalization; financial statements; undisclosed liabilities; absence of changes; litigation and proceedings; compliance with laws and permits; significant contracts; intellectual property; data privacy; benefit plans; labor matters; taxes; insurance; real property and assets; environmental matters; affiliate transactions; vendors; customers; certain business practices, anti -corruption, anti -moneylaundering and sanctions; registration statement and proxy statement; bankruptcy, insolvency and judicial composition proceedings; brokers’ fees; and no outside reliance. Certain representations and warranties of aWME are qualified in whole or in part by materiality thresholds, including a material adverse effect standard as discussed further in the subsection titled “— Material Adverse Effect” below, and aWME’s disclosure schedule. 136 Under the Business Combination Agreement, Black Spade II made customary representations and warranties to aWME relating to, among other things: corporate organization; corporate authorization