Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 208

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 208
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 fair market value” (defined below) over the
exercise price of the Sponsor Warrants by (y) the Sponsor fair market value. For these purposes, the “Sponsor fair market value”
shall mean the volume-weighted average price of the Class A Ordinary Shares for the 10 trading days ending on the 10 trading
day prior to the date on which the notice of Sponsor Warrants exercise is sent to the warrant agent.

Exempted Company

The Generation Essentials
Group is an exempted company with limited liability incorporated under the laws of Cayman Islands. The Cayman Islands Companies Act distinguishes
between ordinary resident companies and exempted companies. Any company that is registered in the Cayman Islands but conducts business
mainly outside of the Cayman Islands may apply to be registered as an exempted company. The requirements for an exempted company are essentially
the same as for an ordinary company except for the exemptions and privileges listed below:

| ● | annual reporting requirements are minimal and consist mainly of a statement that the company has conducted     
 its operations mainly outside of the Cayman Islands and has complied with the provisions of the Companies Act; |

| ● | an exempted company’s register of members is not open to inspection; |

| ● | an exempted company does not have to hold an annual general meeting; |

| ● | an exempted company may issue shares with no par value; |

| ● | an exempted company may obtain an undertaking against the imposition of any future taxation (such undertakings 
 are usually given for 20 or 30 years in the first instance);                                                   |

| ● | an exempted company may register by way of continuation in another jurisdiction and be deregistered in 
 the Cayman Islands;                                                                                    |

| ● | an exempted company may register as a limited duration company; and |

| ● | an exempted company may register as a segregated portfolio company. |

“Limited liability”
means that the liability of each shareholder is limited to the amount unpaid by the shareholder on that shareholder’s shares of
the company (except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or
improper purpose or other circumstances in which a court may be prepared to pierce or lift the corporate veil).

Differences in Corporate
Law

The Cayman Islands Companies
Act is derived, to a large extent, from the older Companies Acts of England but does not follow recent English statutory enactments and
accordingly there are significant differences between the Cayman