Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 81

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 81
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, for so long as the Sponsor and its affiliates collectively hold at least 3% but less than 5% of the issued and outstanding aWME Ordinary Shares, the Sponsor shall be entitled to appoint one non -votingobserver to the board of directors of World Media and Entertainment Universal Inc. Registration Rights Agreement At the Closing, certain shareholders of World Media and Entertainment Universal Inc., the Sponsor and certain affiliates of the Sponsor will enter into a registration rights agreement (the “Registration Rights Agreement”), pursuant to which World Media and Entertainment Universal Inc. will agree 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 World Media and Entertainment Universal Inc. may request to sell all or a portion of their registrable securities in an underwritten offering; provided that World Media and Entertainment Universal Inc. will only be 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, $7,500,000. World Media and Entertainment Universal Inc. will also agree to provide customary “piggyback” registration rights. The Registration Rights Agreement will provide that World Media and Entertainment Universal Inc. will pay certain expenses relating to such registrations and indemnify the shareholders against certain liabilities. Assignment, Assumption and Amendment Agreement At the Closing, World Media and Entertainment Universal Inc., Black Spade II and Continental Stock Transfer & Trust Company will enter into an assignment, assumption and amendment agreement (the “Assignment, Assumption and Amendment Agreement”) of that certain warrant agreement, dated August 27, 2024, by and between Black Spade II and Continental Stock Transfer & Trust Company (the “Existing Warrant Agreement”), pursuant to which, among other things, effective as of the Merger Effective Time, Black Spade II will assign to World Media and Entertainment Universal Inc., and World Media and Entertainment Universal Inc. will assume, all of Black Spade II’s rights, title, interests, liabilities and obligations under the Existing Warrant Agreement. Summary of Material Financing Transactions On May 21, 2024, the Sponsor purchased 4,312,500 of BSII Class B Ordinary Shares (the “Founder Shares”) in exchange for a capital contribution of