Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 250

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 250
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ity 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 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, 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 legal due diligence on TGE. Black Spade II also engaged a financial due diligence advisor to conduct financial due diligence on TGE. In parallel with Black Spade II’s due diligence of TGE, Latham & Watkins and Skadden also began to draft the Business Combination Agreement and the Ancillary Agreements. On November 15, 2024, Latham sent Skadden initial drafts of the Business Combination Agreement, the sponsor support agreement, the warrant assignment and assumption agreement. On November 16, 2024, Skadden sent Latham an initial draft of the registration rights agreement. On November 23, 2024, Skadden provided Latham with comments on the sponsor support agreement, the warrant assignment and assumption agreement. On November 24, 2024, Skadden provided Latham with comments on the Business Combination Agreement. On December 10, 2024, Skadden and Conyers provided Latham with an initial draft of TGE’s amended and restated memorandum and articles of association to be effective upon the closing of the business combination. Counsels held several rounds of discussions and exchanged revised drafts with a view to agree on key legal issues in the transaction documents. On December 2, 2024, Mr. Tam, Mr. Ng and Mr. Taylor visited the London office of The Art Newspaper. Black Spade II management team had on -sitemeetings with Dr. Choi, Dr. Hamdullahpur, Mr. Chau, Mr. Baudo, Mr. Sargent and Mr. Zee, as representatives of TGE and AMTD management team, as well as local staff of the TGE Group. 149 On