Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 282

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 282
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 ordinary shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations,
reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing
at least 150 days after the initial business combination, and (B) the date following the completion of the initial
Business Combination on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in
all of the shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property.

Due to Related Party

As of March 31, 2025
and December 31, 2024, the balance of due to related party was $60,000 and $41,286, respectively, mainly consisted of the unpaid
administrative service fee.

Promissory Note — Related Party

On May 21, 2024,
the Sponsor issued an unsecured promissory note to the Company (the “Promissory Note”), pursuant to which the Company may
borrow up to an aggregate principal amount of $250,000. The Promissory Note was non-interest bearing and payable on the earlier
of (i) December 31, 2024, or (ii) the consummation of the Initial Public Offering. Prior to the closing of the Initial
Public Offering, the Company withdrew $193,720 under the Promissory Note, which was fully repaid subsequent to the closing of the
Initial Public Offering, on September 5, 2024. As of March 31, 2025 and December 31, 2024, there were no outstanding borrowings
under the Promissory Note and the note is no longer available.

Administrative Services Agreement

The Company entered into
an agreement, commencing on August 23, 2024, through the earlier of the consummation of the initial Business Combination and liquidation,
to pay the Sponsor $20,000 per month for office space, utilities and secretarial and administrative support services. For the three
months ended March 31, 2025, the Company incurred $60,000 in fees for these services, of which $60,000 was unpaid and included
in due to related party in the accompanying unaudited condensed balance sheet as of March 31, 2025.

Working Capital Loans

In order to finance transaction
costs in connection with a Business Combination, the Sponsor or an affiliate of