Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006763
Chunk: 5

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 5
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 of the Company incurred specifically in connection with such Registration;

(F) the
Company’s roadshow and travel expenses, if any;

(G) the
fees and expenses of any special experts retained by the Company in connection with such Registration;

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(H) the
Company’s internal expenses (including, without limitation, all salaries and expenses of the Company’s and its subsidiaries’
officers and employees and all overhead costs of the Company and its subsidiaries);

(I) reasonable
fees and expenses of one (1) legal counsel selected by the majority-in-interest of the Demanding Holders initiating a Underwritten
Takedown; and

(J) all
other out-of-pocket expenses of a Registration,

in each case, excluding Underwriters’ commissions and any related
transfer taxes attributable to the sale of Registrable Securities by a Holder, and the fees and disbursements of legal counsel to the
selling Holders, in an Underwritten Takedown, Block Trade or Other Coordinated Offering.

“” shall
mean any registration statement that covers the Registrable Securities pursuant to the provisions of this Agreement, including the Prospectus
included in such registration statement, amendments (including post-effective amendments) and supplements to such registration statement,
and all exhibits to and all material incorporated by reference in such registration statement (other than a registration statement on
Form F-4, Form S-4 or Form S-8, or their successors, or any registration statement covering only securities proposed
to be issued in exchange for securities or assets of another entity).

“” shall
have the meaning given in .

“” shall have
the meaning given in .

“” shall have the
meaning given in .

“” shall mean
the Securities Act of 1933, as amended from time to time.

“” shall mean the Form F-1
Shelf, the Form F-3 Shelf or any Subsequent Shelf, as the case may be.

“” shall mean
a Registration of securities pursuant to a Registration Statement filed with the Commission in accordance with and pursuant to Rule 415
promulgated under the Securities Act (or any successor rule then in effect).

“” shall mean
AMTD Digital Inc., AMTD IDEA Group and AMTD Group Inc.

“” shall mean Black Spade
Sponsor LLC II, an exempted company incorporated with limited liability under the laws of the Cayman Islands.

“” means (a) the
Sponsor; and (b) each Person listed in