Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 1

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 1
---
 of Registration Rights Agreement

Annex E – Form of Assignment, Assumption and Amendment Agreement

Annex F – Form of Plan of Merger

Annex G – Sponsor Warrant Election Letter

<div align='center'>iv

BUSINESS COMBINATION AGREEMENT</div>

This Business Combination Agreement (as it may be amended, restated or otherwise modified from time to time, this “Agreement”),
dated as of January 27, 2025, is entered into by and among (i) Black Spade Acquisition II Co, an exempted company incorporated
with limited liability under the laws of the Cayman Islands (“BSII”), (ii) World Media and Entertainment Universal
Inc., an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “Company”),
and (iii) 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 the Company (“Merger Sub”). BSII, the Company and Merger Sub are referred to herein
collectively as the “Parties.”

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

WHEREAS, BSII is a blank check company formed for
the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with
one or more businesses;

WHEREAS, Merger Sub is a newly formed entity, and
was formed for the purpose of consummating the transactions contemplated by this Agreement and the Ancillary Agreements (the “Transactions”);

WHEREAS, on the Closing Date (as defined below),
immediately prior to the Merger Effective Time, the Company shall adopt the fourth amended and restated memorandum and articles of association
in the form attached hereto as (with such changes as may be agreed in writing by BSII and the Company, the “Listing Articles”);

WHEREAS, on the terms and subject to the conditions
of this , at the Merger Effective Time, Merger Sub shall be merged with and into BSII, whereupon the separate corporate
existence of Merger Sub shall cease and BSII shall be the surviving company and continue its existence under the Companies Act (as revised)
of the Cayman Islands (the “Cayman Islands Companies Act”) as a direct wholly-owned Subsidiary of the Company;

WHEREAS, the board of directors of BSII (the “BSII Board”) has unanimously (i)