Company: TGE
Filing Date: 2025-07-03
Form Type: F-1/A
Source: 0001213900-25-061211
Chunk: 261

Company: Generation Essentials Group
Filing Date: 2025-07-03
Form: F-1/A
Chunk 261
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 unless extended
in writing by the parties.

Business Combination Agreement

On January 27, 2025, the Company entered into
a Business Combination Agreement (the “Business Combination Agreement”) with World Media and Entertainment Universal Inc.,
an exempted company incorporated with limited liability under the laws of the Cayman Islands, (“WME”) and WME Merger Sub Limited,
an exempted company incorporated with limited liability under the laws of the Cayman Islands and a direct wholly-owned subsidiary of WME
(“Merger Sub”), pursuant to which, among other transactions, on the terms and subject to the conditions set forth therein,
Merger Sub will merge with and into the Company (“Merger”), with the Company surviving the Merger as a wholly-owned subsidiary
of WME.

Under the Business Combination Agreement, upon Closing,
the Sponsor will be entitled to receive a transaction bonus in the amount of $5,560,000. Such amount will be deducted from the Trust Account,
to the extent there remain any funds in the Trust Account after application of the funds in the Trust Account to satisfy any of the Company’s
shareholders redemption, and any shortfall will be paid by WME.

Interest Withdrawal

On January 21, 2025, the Company withdrew $117,249
interest earned on cash held in the Trust Account, for working capital purposes.

<div align='center'>F-22

BLACK SPADE ACQUISITION II CO

BALANCE SHEETS</div>

| ASSETS                                                                                                       
 Current assets                                                                                               |     | March 31,   
 2025        
 (Unaudited) |             |   |     | December 31, 
 2024         |             |   |
|:-------------------------------------------------------------------------------------------------------------|:----|:------------|------------:|:--|:----|:-------------|------------:|:--|
| Cash                                                                                                         |     | $           |   1,960,838 |   |     | $            |   2,117,016 |   |
| Prepaid expenses and other current                                                                           
 assets                                                                                                       |     |             |     143,116 |   |     |              |     133,094 |   |
| Total Current assets                                                                                         |     |             |   2,103,954 |   |     |              |   2,250,110 |   |
| Cash held in Trust Account                                                                                   |     |             | 156,875,931 |   |     |              |