Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 91

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 91
---
 meetings and calls. During this period, each of the Black Spade II management team and the TGE 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 TGE and the AMTD Group Inc., Latham & Watkins, Skadden and Clifford Chance (IP counsel to TGE). TGE made presentations on all major aspects of TGE’s assets and businesses, and answered questions from Black Spade II. Black Spade II explained its business combination selection criteria and answered questions from TGE 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. TGE agreed to continue facilitating the efforts made by Black Spade II to carry out detailed due diligence on TGE. 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 TGE 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, TGE, Latham & Watkins, Skadden and the financial due diligence advisor to Black Spade II, and Assentsure, PAC, as auditor to TGE. 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