Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 188

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 188
---
of the lower rate for any dividends paid with respect to Class A Ordinary Shares.

Possible Constructive
Distributions

The terms of each Warrant
provide for an adjustment to the number of Class A Ordinary Shares for which the warrant may be exercised or to the exercise price
of the warrant in certain events. An adjustment that has the effect of preventing dilution is generally not taxable to U.S. Holders
of Warrants. However, the U.S. Holders of Warrants would be treated as receiving a constructive distribution from us if, for example,
the adjustment increases the warrant holder’s proportionate interest in our assets or earnings and profits (e.g., through an increase
in the number of Class A Ordinary Shares that would be obtained upon exercise) as a result of a distribution of cash to the holders
of Class A Ordinary Shares that is taxable to the U.S. Holders of such Class A Ordinary Shares as a distribution as described
above under “—Taxation of Dividends and Other Distributions on Class A Ordinary Shares.” Such a constructive
distribution to the U.S. Holders of the warrants would be subject to tax as described under that section in the same manner as if
the U.S. Holders of the warrants received a cash distribution from us equal to the fair market value of the increase in the interest.
A U.S. Holder’s adjusted tax basis in a Warrant would generally be increased to the extent any such constructive distribution
is treated as a dividend.

Taxation on the
Disposition of the Securities

Subject to the PFIC rules
discussed below, upon a sale or other taxable disposition of the Securities, a U.S. Holder will generally recognize capital gain
or loss. The amount of gain or loss recognized will generally be equal to the difference between (i) the sum of the amount of cash
and the fair market value of any property received in such disposition and (ii) the U.S. Holder’s adjusted tax basis
in such securities.

Under tax law currently in
effect, long-term capital gains recognized by non-corporate U.S. Holders are generally subject to U.S. federal income
tax at a reduced rate of tax. Capital gain or loss will constitute long-term capital gain or loss if the U.S. Holder’s
holding period for the securities exceeds one year. The deductibility of capital losses is subject to various limitations.

<div align='center'>118</div>

Exercise, Lapse
or Redemption of a Warrant

Subject to the PF