Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 182

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 182
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 the Business Combination Agreement, The Generation Essentials Group, Black Spade II, Sponsor and certain other holders of BSII II
Class B Ordinary Shares and BSII Private Warrants (each, and together with the Sponsor, the “Sponsor Parties”) entered
into a sponsor support agreement and deed (the “Sponsor Support Agreement”), pursuant to which each Sponsor Party agreed to,
among other things, (i) attend an extraordinary general meeting of holders of BSII Shares (including any permitted adjournment or
postponement) to establish a quorum for the purpose of approving the Business Combination, and (ii) vote the BSII Class B Ordinary
Shares, and any other BSII securities acquired by such Sponsor Party in favor of approving the transactions contemplated by the Business
Combination Agreement and the ancillary agreements.

In addition, pursuant to the
Sponsor Support Agreement, from the Closing until the date falling two years after the Closing Date, for so long as the Sponsor and
its affiliates collectively hold at least 5% of the issued and outstanding ordinary shares of The Generation Essentials Group, the Sponsor
shall be entitled to appoint up to two non-voting observers to the board of directors of The Generation Essentials Group, and, for so
long as the Sponsor and its affiliates collectively hold at least 3% but less than 5% of the issued and outstanding ordinary shares of
The Generation Essentials Group, the Sponsor shall be entitled to appoint one non-voting observer to the board of directors of The Generation
Essentials Group.

Registration Rights
Agreement

At the Closing, The Generation
Essentials Group, certain shareholders of The Generation Essentials Group, the Sponsor and certain affiliates of the Sponsor entered into
a registration rights agreement (the “Registration Rights Agreement”), pursuant to which The Generation Essentials Group agrees
to use its reasonable best efforts to file a shelf registration statement with respect to the registrable securities defined therein within
30 days of the Closing. Pursuant to the Registration Rights Agreement, the Sponsor, AMTD Digital Inc., AMTD IDEA Group, AMTD Group
Inc., and certain other current equity holders of Black Spade II and certain other current equity holders of The Generation Essentials
Group may request to sell all or a portion of their registrable securities in an underwritten offering; provided that The Generation Essentials
Group is only obligated to effect an underwritten takedown if such underwritten offering will include registrable securities proposed
to be sold with a total offering price reasonably expected to exceed, in the aggregate,