Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 203

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 203
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 Shares is increased by a capitalization or share dividend payable in Class A Ordinary Shares,
or by a subdivision of ordinary shares or other similar event, then, on the effective date of such capitalization or share dividend, subdivision
or similar event, the number of Class A Ordinary Shares issuable on exercise of each Warrant will be increased in proportion to such increase
in the outstanding ordinary shares. A rights offering to holders of ordinary shares entitling holders to purchase Class A Ordinary Shares
at a price less than the “historical fair market value” (as defined below) will be deemed a share dividend of a number of
Class A Ordinary Shares equal to the product of (i) the number of Class A Ordinary Shares actually sold in such rights offering (or
issuable under any other equity securities sold in such rights offering that are convertible into or exercisable for Class A Ordinary
Shares) and (ii) one minus the quotient of (x) the price per Class A Ordinary Share paid in such rights offering and (y) the
historical fair market value. For these purposes, (i) if the rights offering is for securities convertible into or exercisable for
Class A Ordinary Shares, in determining the price payable for Class A Ordinary Shares, there will be taken into account any consideration
received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) “historical fair market
value” means the volume weighted average price of Class A Ordinary Shares as reported during the 10 trading day period ending
on the trading day prior to the first date on which the Class A Ordinary Shares trade on the applicable exchange or in the applicable
market, regular way, without the right to receive such rights.

In addition, if we, at any
time while the Warrants are outstanding and unexpired, pay a dividend or make a distribution in cash, securities or other assets to holders
of the Class A Ordinary Shares on account of such Class A Ordinary Shares (or other securities into which the Warrants are convertible),
other than (a) as described above or (b) any cash dividends or cash distributions which, when combined on a per share basis
with all other cash dividends and cash distributions paid on the Class A Ordinary Shares during the 365-day period ending on the date
of declaration of such dividend or distribution does not exceed $0.50 (as adjusted to appropriately reflect any other adjustments and
excluding cash dividends or cash distributions that resulted in an adjustment to the exercise price or to the