Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 197

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 197
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 months after the date on which the instrument of transfer was lodged,
send to each of the transferor and the transferee notice of such refusal.

Liquidation

The Class A Ordinary
Shares and Class B Ordinary Shares will rank equally upon occurrence of any liquidation or winding up of The Generation Essentials
Group, in the event of which assets of The Generation Essentials Group will be distributed to, or the losses will be borne by, shareholders
in proportion to the par value of the shares held by them.

Holders of Preferred Shares
shall, in the event of a liquidation, winding-up or dissolution of The Generation Essentials Group, be entitled, prior and in preference
to holders of the Class A Ordinary Shares and Class B Ordinary Shares, to the distribution of the assets of The Generation Essentials
Group available for distribution in the amount of the Preferred Shares Liquidation Preference (as defined in the Amended Articles) (ratably
based on the Preferred Shares held by each holder thereof), and the assets (if any) available for distribution after the full distribution
of the Preferred Shares Liquidation Preference shall be distributed ratably among holders of the Class A Ordinary Shares and Class B
Ordinary Shares.

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Calls on Shares
and Forfeiture of Shares

The board of directors of
The Generation Essentials Group may from time to time make calls upon shareholders for any amounts unpaid on their shares in The Generation
Essentials Group. The shares in The Generation Essentials Group that have been called upon and remain unpaid are, after a notice
period, subject to forfeiture.

Redemption of Shares

Subject to the provisions
of the Cayman Islands Companies Act, The Generation Essentials Group may issue shares that are to be redeemed or are liable to be redeemed
at the option of the shareholder or The Generation Essentials Group. The redemption of such shares will be effected in such manner
and upon such other terms as The Generation Essentials Group may, by either the board of directors or by the shareholders by ordinary
resolution, determine before the issue of the shares.

Variations of Rights
of Shares

If at any time the share capital
of The Generation Essentials Group is divided into different classes of shares, all or any of the rights attached to any class (subject
to any rights or restrictions for the time being attached to any class or series,) may only be materially and adversely varied with the
consent in writing of the holders of all of the issued shares of that class or series or with the sanction of an