Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 375

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 375
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 or local or non -U.S. taxation. We have not and do not intend to seek any rulings from the IRS regarding the Business Combination or an exercise of redemption rights. There can be no assurance that the IRS will not take positions inconsistent with the considerations discussed below or that any such positions would not be sustained by a court. 246 This discussion does not consider the tax treatment of partnerships or other pass -throughentities or persons who hold BSII Securities or aWME Securities through such entities. If a partnership (or any entity or arrangement so characterized for U.S. federal income tax purposes) holds BSII Securities or aWME Securities, the tax treatment of such partnership and a person treated as a partner of such partnership will generally depend on the status of the partner and the activities of the partnership. Partnerships holding any of BSII’s Securities or aWME Securities and persons that are treated as partners of such partnerships should consult their tax advisors as to the particular U.S. federal income tax consequences of the Business Combination and an exercise of redemption rights to them. EACH HOLDER SHOULD CONSULT ITS TAX ADVISOR WITH RESPECT TO THE PARTICULAR TAX CONSEQUENCES TO SUCH HOLDER OF THE BUSINESS COMBINATION AND AN EXERCISE OF REDEMPTION RIGHTS, INCLUDING THE EFFECTS OF U.S. FEDERAL, STATE AND LOCAL AND NON -U .S. TAX LAWS. As used herein, a “U.S. Holder” is a beneficial owner of BSII Securities or, after the Business Combination, aWME Securities (as the case may be) who or that is, for U.S. federal income tax purposes: •an individual citizen or resident of the United States, •a corporation (or other entity that is treated as a corporation for U.S. federal income tax purposes) that is created or organized (or treated as created or organized) in or under the laws of the United States or any state thereof or the District of Columbia, •an estate whose income is subject to U.S. federal income tax regardless of its source, or •a trust if (1) a U.S. court can exercise primary supervision over the administration of such trust and one or more U.S. persons have the authority to control all substantial decisions of the trust or (2) it has a valid election in place to be treated as a U.S. person. Effects of the Business Combination to U.S. Holders of BSII Securities Characterization of the Business Combination.The U.S. federal income tax consequences of the Business Combination