Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 83

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 83
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 be paid by TGE. (3)TGE plans to use the net proceeds from the business combination transaction after paying for transaction fees and expenses for: a.continued adoption of the direct ownership model for L’Officiel and The Art Newspaper; b.support for our business expansion and growth through acquisition of media platforms and global premium properties although we do not have any fixed plans currently; and c.general working capital purposes. (4)This additional cash payment will be made no earlier than 60 days and no later than 90 days after the Closing Date. TGE expects to fund the Non -RedemptionPayment Amount using available cash, including any remaining proceeds from the completion of the Business Combination. Agreements Entered into in Connection with Business Combination Agreement Shareholders Support and Lock-Up Agreement and Deed On January 27, 2025, concurrently with the execution of the Business Combination Agreement, Black Spade II, The Generation Essentials Group and the TGE Shareholders entered into a shareholder support and lock -upagreement and deed (the “TGE Shareholders Support Agreement”), pursuant to which each TGE Shareholder agreed to, among other things, (i) attend any The Generation Essentials Group shareholder meeting to establish a quorum for the purpose of approving the Business Combination, and (ii) vote the Pre -RecapitalizationTGE Shares and any other The Generation Essentials Group securities acquired by such TGE Shareholder in favor of approving the transactions contemplated by the Business Combination Agreement and the Ancillary Agreements. In addition, pursuant to the TGE Shareholders Support Agreement, each of AMTD Digital, AMTD IDEA Group and AMTD Group Inc. (each, a “Lock -UpObligor”) also agreed not to transfer or sell, during a period of three (3) years from and after the Closing Date, subject to customary exceptions, (i) any ordinary shares in the capital of The Generation Essentials Group (“TGE Ordinary Shares”) or other equity securities of The Generation Essentials Group held by such Lock -UpObligor immediately after the Closing, excluding any TGE Ordinary Shares acquired in open market transactions after the Closing, (ii) any TGE Ordinary Shares received by such

40 Lock -UpObligor upon the exercise, conversion or settlement of options or warrants held by such Lock -UpObligor immediately after Closing (along with such options or warrants themselves), and (iii) any The Generation Essentials Group equity securities issued or issuable with respect to any securities referenced in clauses (i)