Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 235

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 235
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 maintain material insurance policies; materially change the policies and procedures with respect to cash management, collection of accounts receivable and establishment of reserves for uncollectible amounts; incur any additional capital expenditure that in aggregate exceeds $4,000,000; materially amend or modify, or terminate any material permit; or enter into any legally binding agreement to do any of the foregoing actions, in each case, subject to further exceptions set forth in the Business Combination Agreement. Black Spade II has agreed that, during the Interim Period, except as set forth in Black Spade II’s disclosure schedule, expressly contemplated by the terms of the Business Combination Agreement, as consented to by TGE in writing, as required by applicable law, Black Spade II will (i) use commercially reasonable efforts to operate its business only in the ordinary course of business, (ii) comply with, and continue performing under the Black Spade II Articles, the Trust Agreement, dated as of August 27, 2024 by and between Black Spade II and Continental Stock Transfer & Trust Company, as trustee (“Trust Agreement”), and all other agreements to which Black Spade II may be a party, and (iii) not: amend the Black Spade II Articles or Trust Agreement, except for any such action in connection with the Black Spade II Shareholders’ vote on an extension of the deadline for consummating an initial business combination; change its share capital (subject to certain exceptions related to consummation of the Transactions); merge or consolidate with any person or liquidate or dissolve (other than the Business Combination); make, authorize or declare any dividend or distribution; amend, terminate, extend or enter into any material contract; other than as expressed required by the Sponsor Support Agreement or any Ancillary Agreement, or required for purposes of funding working capital of Black Spade II, enter into, renew or amend in any material respect, any transaction or contract with Sponsor or an affiliate of Black Spade II; hire any employees or adopt any benefits plan; acquire any other person; other than required for purposes of funding working capital of Black Spade II, incur any indebtedness; make any loans, advances or capital contributions to, or investments in, any other person; make certain changes with regard to tax; commence, discharge or settle certain actions; sell, lease, or create certain liens on any material assets, properties, securities or interests of Black Spade II; make any material changes in accounting principles or methods; incur any capital expenditures; or enter into any agreement to