Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 99

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 99
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, $2,007,000 will be calculated on the basis of and paid out of funds available in the 50

Trust Account after payments made out of Trust Account to honor redemption rights of the Public Shareholders, and (ii) up to $2,295,000 is payable at Black Spade II’s and the Sponsor’s sole discretion (such discretionary amount including a fee of $1,500,000 for advisory services). In addition, Clear Street LLC holds 174,987 BSII Public Shares, 4,264 BSII units and 381,939 BSII Warrants. See “Proposal One — The Business Combination Proposal — Interests of Black Spade II’s Directors and Officers in the Business Combination.” Compensation Received by the Sponsor and its affiliates Set forth below is a summary of the terms and amount of the compensation received or to be received by the Sponsor and its affiliates in connection with the Business Combination or any related financing transaction, the amount of securities issued or to be issued by TGE to the Sponsor and its affiliates and the price paid or to be paid for such securities or any related financing transaction.

|         |     | Interest in Securities                                                                                                                                                                                                                                                                                                                                                                                                                                              |     | Other Compensation                                                                                                                                                                                                                                                                                                                                                                                                |
| Sponsor |     | On August 20, 2024, the Sponsor transferred a total of 630,000 Founder Shares to directors, officers and certain employees of Sponsor’s affiliates, at a price of $0.006 per share. The Sponsor currently holds 3,266,217 Founder Shares and 11,120,000 Private Placement Warrants, which shares and warrants were originally acquired by the Sponsor for an aggregate investment of $5,585,000 at the time of Black Spade II’s formation and Black Spade II’s IPO. 
 Upon the completion of the Business Combination, the Sponsor and its affiliates will hold a total of            TGE Class A Ordinary Shares and             TGE Warrants.                                                                                                                                                                                                                                                                                           |     | 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 Black Spade II Shareholder Redemptions, and any shortfall will be paid by TGE. |

The retention of shares by Sponsor and its affiliates will not result in a material dilution of the equity interests of non -redeemingBlack Sp