Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 76

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 76
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 aWME 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 aWME Class A Ordinary Shares, aWME Class B Ordinary Shares and aWME 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. Potential sources of dilution 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 aWME, namely (a)aWME Class A Ordinary Shares that would be issuable in aggregate upon the exercise ofaWME Warrants held by current holders of Black Spade II Private Placement Warrants andaWME Warrants held by current holders of BSII Public Warrants; (b)aWME Class A Ordinary Shares representing Earnout Shares that will be issuable if the relevant triggering events described herein occur; (c)aWME Class A Ordinary Shares that will be available for

36

issuance under aWME’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            |     | % |
| aWME Class A Ordinary Shares underlying                        
 aWME Warrants                                                  |     |                   |     |   |     |                   |     |   |     |                   |     |   |
| Earnout Shares(3)                                              |     |                   |     |   |     |                   |     |   |     |                   |