Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 230

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 230
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25 multiplied by the number of BSII Class A Ordinary Shares held by eligible Black Spade II Public Shareholders on the Closing Date immediately before the Merger Effective Time, which we refer to as the Non -RedemptionPayment Amount. In order to be eligible to receive the Non -RedemptionPayment Amount, you must: (a) be a Black Spade II Public Shareholder on the Closing Date immediately before the Merger Effective Time and as of the date falling 60 days after the Closing, (b) never have elected to exercise a redemption right in respect of BSII Class A Ordinary Shares, and (c) entered into, and adhered to the terms of, a non -redemptionagreement in the form attached hereto as Annex D by no later than , 2025. The Non -RedemptionPayment Amount will not be paid on any BSII Class A Ordinary Shares that, at any point in time, were BSII Class B Ordinary Shares. After the Closing, and after the payment of a transaction bonus to the Sponsor in the amount of $5,560,000, TGE will make a payment, in cash, to each eligible Black Spade II Public Shareholder who holds BSII Class A Ordinary Shares that has never elected to exercise its redemption rights in an amount equal to $1.25 multiplied by the number of BSII Class A Ordinary Shares (excluding BSII Class A Ordinary Shares converted from BSII Class B Ordinary Shares) held by that eligible shareholder on the Closing Date immediately before the Merger Effective Time, subject to a holding period requirement of 60 days; provided, for the avoidance of doubt, that any shareholder upon the Closing that was an eligible shareholder who elected to exercise its redemption right shall not be entitled to receive this foregoing payment. 136 Earnout Following the Closing, if any of the following events occurs prior to the first anniversary of the Closing Date (the “Earnout Period”), TGE may issue, or cause to be issued, to each of AMTD Digital, AMTD IDEA Group and AMTD Group Inc. (in accordance with their respective pro rata share, calculated on the basis of the number of TGE Class A Ordinary Shares held by them inter se), such number of TGE Class A Ordinary Shares which in aggregate represent 3% of the aggregate number of TGE Class A Ordinary Shares outstanding as of the date such event occurs: (a)the daily dollar volume -weightedaverage price (“VWAP”) of TGE Class A Ordinary Shares is equal