Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 374

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 374
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 INCOME TAX CONSIDERATION The following is a discussion of U.S. federal income tax considerations generally applicable to U.S. Holders (as defined below) of BSII Class A Ordinary Shares and BSII Warrants (collectively, the “BSII Securities”) that either (i) participate in the Business Combination, including owning and disposing of TGE Class A Ordinary Shares or TGE Warrants (collectively, “TGE Securities”), or (ii) elect to have their BSII Class A Ordinary Shares redeemed for cash. This discussion addresses only those BSII Securities holders that hold such securities as capital assets within the meaning of the Code (generally, property held for investment). This discussion does not discuss all aspects of U.S. federal income taxation that may be relevant to holders in light of their particular circumstances or status including: •Sponsor or Black Spade II’s officers or directors; •financial institutions or financial services entities; •broker -dealers; •taxpayers that are subject to the mark -to -marketaccounting rules; •tax -exemptentities; •governments or agencies or instrumentalities thereof; •insurance companies; •regulated investment companies or real estate investment trusts; •expatriates or former long -termresidents of the United States; •persons that actually or constructively own five percent or more of BSII Class A Ordinary Shares, by vote or value, or that will actually or constructively own five percent or more of our voting shares or five percent or more of the total value of any class of our shares; •persons that acquired BSII Securities pursuant to an exercise of employee share options, in connection with employee share incentive plans or otherwise as compensation or in connection with the performance of services; •persons that are resident or ordinarily resident in or have a permanent establishment in a jurisdiction outside the U.S. to which the income from the BSII Securities or our shares is attributable; •persons subject to special tax accounting rules as a result of any item of gross income with respect to BSII Securities being taken into account in an applicable financial statement; •persons that hold BSII Securities, or will hold TGE Securities, as part of a straddle, constructive sale, hedging, conversion or other integrated or similar transaction; or •persons whose functional currency is not the U.S. dollar. This discussion is based on the Code, proposed, temporary and final Treasury Regulations promulgated under the Code, and judicial and administrative interpretations thereof, all as of the date hereof