Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 193

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 193
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 such shares at the end of its taxable year (but only to the extent of the net amount of previously included income as a result of the
mark-to-market election). The U.S. Holder’s basis in such shares will be adjusted to reflect any such income or loss amounts,
and any further gain recognized on a sale or other taxable disposition of such shares in a taxable year in which TGE is treated as a PFIC
will be treated as ordinary income. Special tax rules may also apply if a U.S. Holder makes a mark-to-market election for a
taxable year after such holder’s First PFIC Holding Year. Currently, a mark-to-market election may not be made with respect
to any Warrants.

The mark-to-market election
is available only for stock that is regularly traded on a national securities exchange that is registered with the Securities and Exchange
Commission. U.S. Holders should consult their own tax advisors regarding the availability and tax consequences of a mark-to-market election
under their particular circumstances.If TGE is a PFIC and, at any time, has an equity interest in any foreign entity that is classified
as a PFIC, U.S. Holders of the Securities would generally be deemed to own a proportionate amount (by value) of the shares of such
lower-tier PFIC, and generally could incur liability for the deferred tax and interest charge described above if TGE receives a distribution
from, or disposes of all or part of TGE’s interest in, the lower-tier PFIC or the U.S. Holders otherwise were deemed to have
disposed of an interest in the lower-tier PFIC, in each case, as if the U.S. Holder held such shares directly, even though the
U.S. Holder will not receive any proceeds of those distributions or dispositions. A mark-to-market election generally would
not technically be available with respect to such lower-tier PFIC. U.S. Holders are urged to consult their own tax advisors
regarding the tax issues raised by lower-tier PFICs.

We do not intend to provide
information necessary for U.S. Holders to make a “qualified electing fund” election under Section 1295 of the Code which,
if available, would result in tax treatment different from (and generally less adverse than) the Default PFIC regime described above.

A U.S. Holder that owns
(or is deemed to own) shares in a PFIC during any taxable year of the U.S. Holder, may have to file