Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 236

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 236
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 Public Shares purchased during or after the Initial Public Offering in favor of approving a Business Combination. Additionally, each
Public Shareholder may elect to redeem their Public Shares without voting, and if they do vote, irrespective of whether they vote for
or against the proposed transaction.

Notwithstanding the foregoing, if the Company seeks
shareholder approval of a Business Combination and it does not conduct redemptions pursuant to the tender offer rules, the Articles of
Association will provide that a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such
shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate
of 15% of the Public Shares, without the prior consent of the Company.

The Sponsor has agreed (a) to waive its redemption
rights with respect to the Founder Shares and Public Shares held by it in connection with the completion of a Business Combination and
(b) not to propose an amendment to the Articles of Association (i) to modify the substance or timing of the Company’s
obligation to allow redemptions in connection with a Business Combination or to redeem 100% of its Public Shares if the Company does not
complete a Business Combination within the Combination Period (as defined below) or (ii) with respect to any other provision relating
to shareholders’ rights or pre-business combination activity, unless the Company provides the Public Shareholders with the opportunity
to redeem their Public Shares in conjunction with any such amendment.

<div align='center'>F-8

BLACK SPADE ACQUISITION II CO
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024</div>

NOTE 1 — DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (cont.)

If the Company has not completed a Business Combination
within 24 months from the closing of the Initial Public Offering (or 27 months from the closing of the Initial Public Offering
if the Company has executed a letter of intent, agreement in principle or definitive agreement for an initial business combination within
24 months from the closing of the Proposed Public Offering) (the “Combination Period”), the Company will (i) cease
all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days
thereafter, redeem the Public Shares, at