Company: TGE
Filing Date: 2025-03-21
Form Type: DRS/A
Source: 0001013762-25-001106
Chunk: 46

Company: Generation Essentials Group
Filing Date: 2025-03-21
Form: DRS/A
Chunk 46
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 B Ordinary Shares will at all times vote together as a single class on all resolutions submitted to a vote by the members of TGE (including ordinary resolutions and special resolutions). Holders of TGE Preferred Shares are entitled to vote only on transactions that may result in a change of control of TGE, in which case holders of TGE Preferred Shares must vote as a separate class and no change of control transaction may proceed unless and until so approved. (3)Represents TGE Class A Ordinary Shares received by non -redeemingBlack Spade II Shareholders as a result of the Merger. (4)Consists of the Sponsor, Black Spade II’s directors and officers and certain of the Sponsor’s affiliates and employees. (5)After giving effect to the Recapitalization. The actual ownership of TGE Class A Ordinary Shares, TGE Class B Ordinary Shares and TGE Preferred Shares as a result of the Business Combination will be within the parameters described by the three scenarios above. However, there can be no assurance regarding which scenario will be closest to the actual results. The sensitivity table below sets forth the potential additional dilutive impact of each additional source of dilution to the Black Spade II Public Shareholders’ ownership of TGE, namely (a)TGE Ordinary Shares that would be issuable in aggregate upon the exercise ofTGE Warrants held by current holders of Black Spade II Private Placement Warrants andTGE Warrants held by current holders of BSII Public Warrants; (b)TGE Ordinary Shares representing Earnout Shares that will be issuable if the relevant triggering events described herein occur; (c) TGE Class A Ordinary Shares that will be available for issuance under TGE’s incentive award plan immediately following the completion of the Business Combination (each, an “Additional Dilution Source,” and collectively, the “Additional Dilution Sources”) based on the varying levels of redemptions by the Black Spade II Public Shareholders and the following additional assumptions. The share amounts and ownership percentages set forth above are not indicative of voting percentages.

|                                                                |     | Assuming             
 No Redemptions(1)(2) |     |   |     | Assuming 50% of the       
 Maximum Redemptions(1)(2) |     |   |     | Assuming                  
 Maximum Redemptions(1)(2) |     |   |
|                                                                |     | Number               |     | % |     | Number                    |     | % |     | Number                    |     | % |
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