Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 201

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 201
---
fair market value” less the exercise price of the Warrants by (y) the fair market value. The “fair
market value” as used in this paragraph means the volume-weighted average price of the Class A Ordinary Shares as reported during
the 10 trading day period ending on the trading day prior to the date on which the notice of exercise is received by the Warrant
agent.

<div align='center'>127</div>

A holder of a Warrant may
notify us in writing in the event it elects to be subject to a requirement that such holder will not have the right to exercise such Warrant,
to the extent that after giving effect to such exercise, such person (together with such person’s affiliates), to the Warrant agent’s
actual knowledge, would beneficially own in excess of 4.9% or 9.8% (as specified by the holder) of the Class A Ordinary Shares issued
and outstanding immediately after giving effect to such exercise.

Redemption of Warrants.After
the Warrants become exercisable, we may redeem the outstanding Warrants (except as described herein with respect to the private placement
Warrants):

| ● | in whole and not in part; |

| ● | at a price of $0.01 per Warrant; |

| ● | upon a minimum of 30 days’ prior written notice of redemption to each Warrant holder; and |

| ● | if, and only if, the closing price of the Class A Ordinary Shares equals or exceeds $18.00 per share (as                                  
 adjusted for adjustments to the number of shares issuable upon exercise or the exercise price of a Warrant as described under the heading 
 “— Warrants — Public Warrants — Anti-Dilution Adjustments”) for any 20 trading days within                                                
 a 30-trading day period ending three trading days before we send the notice of redemption to the Warrant holders.                         |

If and when the Warrants become
redeemable by us, we may not exercise our redemption right if the issuance of Class A Ordinary Shares upon exercise of the Warrants is
not exempt from registration or qualification under applicable state blue sky laws or we are unable to effect such registration or qualification.
If and when the Warrants become redeemable, we may exercise our redemption right even if we are unable to register or qualify the underlying
securities for sale under all applicable state securities laws. As a result, we may redeem Warrants even if the holders are otherwise
unable