Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 251

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 251
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 will not be required
to effect or permit any registration or cause any registration statement to become effective until the securities covered thereby are
released from their lock-up restrictions. The Company will bear the expenses incurred in connection with the filing of any such registration
statements.

Underwriting Agreement

The Company granted the underwriters a 45-day
option from the date of Initial Public Offering to purchase up to 2,250,000 additional Units to cover overallotments, if any,
at the Initial Public Offering price less the underwriting discounts and commissions. On September 26, 2024, the underwriters
purchased an additional 300,000 Units pursuant to the partial exercise of the over-allotment option. The Units were
sold at an offering price of $10.00 per Unit, generating additional gross proceeds to the Company of $3,000,000. The underwriters
have forfeited the option to purchase the remaining 1,950,000 Units.

<div align='center'>F-16

BLACK SPADE ACQUISITION II CO
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024</div>

NOTE 6 — COMMITMENTS AND CONTINGENCIES (cont.)

The underwriters were entitled to a cash underwriting
discount of $0.20 per Unit, or 2%, or $3,000,000 in aggregate, paid at the closing of the Initial Public Offering. The underwriters paid
the Company an aggregate amount of $400,000 at the closing of the Initial Public Offering as reimbursement to the Company for certain
of its expenses and fees incurred in connection with the Initial Public Offering. Additionally, the underwriters were entitled to a cash
underwriting discount of $60,000 for the partial over-allotment exercise, which closed and was paid on September 26, 2024. In addition,
the underwriters were entitled to a deferred fee of up to $0.30 per Unit, or 3% of the gross proceeds of the offering, or up to $4,302,000
in the aggregate (including the partial over-allotment exercised which closed on September 26, 2024). The deferred fee will be payable
to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination,
subject to the terms of the underwriting agreement.

NOTE 7 — SHAREHOLDERS’ DEFICIT

Preference Shares —The Company
is authorized to