Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 184

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 184
---
 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.

<div align='center'>116</div>

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 and US$2,737,000 of marketing income from AMTD Group Inc. in 2022, 2023 and 2024.

Employment Agreements
and Indemnification Agreements

See “Management—
Employment Agreements and Indemnification Agreements.”

Share Incentive
Plans

See “Management—
Share Incentive Plan.”

License Agreement
between TGE and AMTD Group Inc.

See “Business— Intellectual
Property — Intellectual Property