Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 184

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 184
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-voting observer to the board of directors of The
Generation Essentials Group.

Registration Rights
Agreement

At the Closing, The Generation
Essentials Group, certain shareholders of The Generation Essentials Group, the Sponsor and certain affiliates of the Sponsor entered
into a registration rights agreement (the “Registration Rights Agreement”), pursuant to which The Generation Essentials Group
agrees 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 The Generation
Essentials Group may request to sell all or a portion of their registrable securities in an underwritten offering; provided that The
Generation Essentials Group is only 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. The Generation
Essentials Group also agrees to provide customary “piggyback” registration rights. The Registration Rights Agreement provides
that TGE should pay certain expenses relating to such registrations and indemnify the shareholders against certain liabilities.

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Assignment, Assumption
and Amendment Agreement

At the Closing, The Generation
Essentials Group, Black Spade II and Continental Stock Transfer & Trust Company entered 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 “BSII Warrant Agreement”),
pursuant to which, among other things, effective as of the Merger Effective Time, Black Spade II assigned to The Generation Essentials
Group, and The Generation Essentials Group assumed, all of Black Spade II’s rights, title, interests, liabilities and obligations
under the BSII Warrant Agreement.

Certain Relationships
and Related Person Transactions

We generated US$2,888,000,
US$2,726,000, US$2,737,000 and US$2,737,000 of marketing income from AMTD Group Inc. in 2022, 2023 and 2024 and six months ended June
30, 2025.

Employment Agreements