Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 248

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 248
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 shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations
and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial business
combination, and (B) the date following the completion of the initial Business Combination on which the Company completes a liquidation,
merger, share exchange or other similar transaction that results in all of the shareholders having the right to exchange their Class A
ordinary shares for cash, securities or other property.

Due to Related Party

As of December 31, 2024, the balance of due
to related party was $41,286, consists of the unpaid administrative service fee $40,000 as described below and reimbursement payable to
the management of $1,286.

Promissory Note — Related Party

On May 21, 2024, the Sponsor issued an unsecured
promissory note to the Company (the “Promissory Note”), pursuant to which the Company may borrow up to an aggregate principal
amount of $250,000. The Promissory Note was non-interest bearing and payable on the earlier of (i) December 31, 2024, or
(ii) the consummation of the Initial Public Offering. Prior to the closing of the Initial Public Offering, the Company withdrew $193,720
under the Promissory Note, which was fully repaid subsequent to the closing of the Initial Public Offering, on September 5, 2024.
As of December 31, 2024, there were no outstanding borrowings under the Promissory Note and the note is no longer available.

Administrative Services Agreement

The Company entered into an agreement, commencing
on August 23, 2024, through the earlier of the consummation of the initial Business Combination and liquidation, to pay Sponsor $20,000
per month for office space, utilities and secretarial and administrative support services. For the period from May 9, 2024 (inception)
through December 31, 2024, the Company incurred $86,000 in fees for these services, of which $40,000 was unpaid and included in due
to related party in the accompanying balance sheet as of December 31, 2024.

Working Capital Loans

In order to finance transaction costs in connection
with a Business Combination, the Sponsor or an affiliate of the Sponsor, or