Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 86

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 86
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 Spade II management team and the aWME management team separately held several meetings and calls, both internally and with counsel, to discuss various aspects of the potential business combination, including but not limited to the terms of the LOI, the transaction structure and timeline. On October 21 and22, 2024, an in -personmeeting was held in Singapore. Participants in the meeting included Mr. Tam, Mr. Ng and Mr. Taylor as representatives of Black Spade II, Dr. Choi, Dr. Hamdullahpur, Mr. Chau, Mr. Baudo, Mr. Sargent and Mr. Zee as representatives of aWME and the AMTD Group Inc., Latham & Watkins, Skadden and Clifford Chance (IP counsel to aWME). aWME made presentations on all major aspects of aWME’s assets and businesses, and answered questions from Black Spade II. Black Spade II explained its business combination selection criteria and answered questions from aWME regarding Black Spade II’s capitalization and related matters. The parties agreed to finalize the LOI as soon as practicable, and instructed counsel to start the preparation of the definitive transaction documents. aWME agreed to continue facilitating the efforts made by Black Spade II to carry out detailed due diligence on aWME. On November 4, 2024, the parties finalized and entered into the LOI. The LOI contained a non -bindingterm sheet that set forth the key terms of the proposed business combination that reflected the parties’ negotiations, including among other things (i) the structure of the business combination, (ii) the pre -moneyequity valuation of aWME at between $400 million and $500 million, (iii) lock -uparrangements, (iv) Black Spade II’s waiver of 20% anti -dilutionright under the Black Spade II’s Articles, and (v) certain customary closing conditions. On November 11, 2024, a virtual kick -offmeeting was held. Participants in the meeting included Black Spade II, aWME, Latham & Watkins, Skadden and the financial due diligence advisor to Black Spade II, and Assentsure, PAC, as auditor to aWME. Following the kick -offmeeting, all -partycalls were scheduled to take place every Monday and Thursday. Beginning on November 11, 2024, Black Spade II, with the assistance of Latham & Watkins commenced legal