Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 76

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 76
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including the Sponsor) and officers, as applicable; and •the Merger Surviving Company (as the successor of Black Spade II) having at least $5,000,001 of net tangible assets remaining after the consummation of the Business Combination and giving effect to the exercise of the redemption rights of Black Spade II Shareholders. The obligations of Black Spade II to consummate the business Combination are further conditioned upon, among other things: •the accuracy of the representations and warranties of The Generation Essentials Group (subject to certain materiality standards set forth in the Business Combination Agreement); •material compliance by The Generation Essentials Group and Merger Sub with its pre -closingcovenants; •the absence of an TGE Material Adverse Effect that is continuing since the date of the Business Combination Agreement; •the Letter of Support dated January27, 2025, having been duly executed by AMTD Digital to The Generation Essentials Group and having not been revoked, supplemented or amended; •the intellectual property license agreement entered into between AMTD Group Inc. and The Generation Essentials Group dated January27, 2025 and the Confirmatory Transfer Agreement having been duly executed and having not been revoked, supplemented or amended; and •the execution of certain Ancillary Agreements and closing certificate by The Generation Essentials Group and/or its shareholders and officers, as applicable. 34 Any party to the Business Combination Agreement may, at any time prior to the Closing Date, by action taken by its board of directors or equivalent governing body, or officers thereunto duly authorized, waive any of the terms or conditions of the Business Combination Agreement, including the applicable conditions to closing set forth above, to the extent permitted by applicable laws and, in the case of Black Spade II, the Black Spade II Articles. Termination The Business Combination Agreement may be terminated under certain customary and limited circumstances prior to Closing, including: (i) by written consent of all parties to the Business Combination Agreement; (ii) by either The Generation Essentials Group or Black Spade II if the Registration Statement has not been declared effective under the Securities Act on or before June 10, 2025, or, if so agreed in writing by Black Spade II and The Generation Essentials Group, August 27, 2025 (the “Effectiveness Deadline”); (iii) by either The Generation Essentials Group or Black Spade II if the consummation of the Merger is permanently enjoined, prohibited, deemed illegal or prevented by a final and non -appealablegovernment