Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 228

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 228
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 practices, anti -corruption, anti -moneylaundering and sanctions; independent investigation; brokers’ fees; the Investment Company Act of 1940, as amended, and the Jumpstart Our Business Startups Act of 2012, as amended, and no outside reliance. Certain representations and warranties of Black Spade II are qualified in whole or in part by materiality thresholds, including a material adverse effect standard as discussed further in the subsection titled “— Material Adverse Effect” below, Black Spade II’s disclosure schedule, and the information included in Black Spade II’s public filings filed with the SEC no later than 5:30 p.m. (New York Time) on the date immediately before the date of the Business Combination Agreement (subject to certain exclusions). Material Adverse Effect Pursuant to the Business Combination Agreement, a material adverse effect with respect to TGE (“TGE Material Adverse Effect”) means any effect, development, event, occurrence, fact, condition, circumstance or change that, individually or in the aggregate, (a) has had, or would reasonably be expected to have, a material adverse effect on the business, results of operations, financial condition, assets or liabilities of TGE and its subsidiaries taken as a whole, or (b) does or would reasonably be expected to prevent TGE or Merger Sub from timely consummating the Closing (including the Business Combination) on the terms set forth in the Business Combination Agreement or perform their agreements or covenants thereunder; provided, however, in the case of foregoing clause (a) only, no effect, development, event, occurrence, fact, condition, circumstances or change, to the extent resulting from any of the following, either individually or in the aggregate, will be taken into account in determining whether an TGE Material Adverse Effect has occurred or would reasonably be expected to occur: (i)any change in applicable laws or IFRS, or regulatory, policies or interpretations thereof; (ii)any change in interest rates or economic, financial or market conditions generally; (iii)the announcement or the execution of the Business Combination Agreement, the pendency or consummation of the Business Combination or the performance thereof, including any termination of, reduction in or similar adverse impact on TGE’s and its subsidiaries’ relationships with third parties (but in each case only to the extent attributable to such announcement, execution, pendency, consummation or performance); provided that the foregoing shall not prevent a determination that a breach of any