Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 71

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 71
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 to the obligations of Black Spade II, Merger Sub and World Media and Entertainment Universal Inc. to complete the Business Combination. aWME and Merger Sub made customary representations and warranties to Black Spade II, relating to, among other things: corporate existence and power; corporate authorization; governmental authorizations and consents; noncontravention; subsidiaries; capitalization; financial statements; undisclosed liabilities; absence of changes; litigation and proceedings; compliance with laws and permits; significant contracts; intellectual property; data privacy; benefit plans; labor matters; taxes; insurance; real property and assets; environmental matters; affiliate transactions; vendors; customers; certain business practices, anti -corruption, anti -moneylaundering and sanctions; registration statement and proxy statement; bankruptcy, insolvency and judicial composition proceedings; brokers’ fees; and no outside reliance. Black Spade II made customary representations and warranties to World Media and Entertainment Universal Inc. relating to, among other things: corporate organization; corporate authorization; governmental authorizations and consents; noncontravention; litigation and proceedings; capitalization; undisclosed liabilities; SEC documents, disclosure controls and internal control over financial reporting; listing; registration statement and proxy statement; Trust Account; absence of certain changes; compliance with laws and permits; material contracts; employees and employee benefits plans; properties; affiliate transactions; taxes; certain business 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. Covenants and Agreements aWME has made covenants relating to, among other things, conduct of business, inspection, compliance with provision of Sarbanes -OxleyAct and the rules of the Qualified Stock Exchange and certain restrictions to dividend distribution to its non -votingpreferred shares. 33 Black Spade II has made covenants relating to, among other things, conduct of business and shareholder litigation. aWME, Black Spade II and Merger Sub have made joint covenants relating to, among other things, efforts to consummate the Business Combination, indemnification and insurance, preparation of the proxy statement and registration statement, shareholders’ meetings and approvals, tax matters, aWME Equity Incentive Plan| and listing requirements. Conditions to Closing The consummation of the Business Combination is conditioned upon, among other things: •the