Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 384

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 384
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 manner by the holder other than in accordance with the exceptions provided in the 2025 Share Incentive Plan, such as transfers to us or transfers upon the death of the holder, pursuant to such conditions and procedures as the administrator may establish. Termination and Amendment of the 2025 Share Incentive Plan.Unless terminated earlier, the 2025 Share Incentive Plan has a term of 10 years. The Committee has the authority to terminate, amend or modify the plan. 244 TAX CONSIDERATIONS U.S. FEDERAL INCOME TAX CONSIDERATION The following is a discussion of U.S. federal income tax considerations generally applicable to U.S. Holders (as defined below) of BSII Class A Ordinary Shares and BSII Warrants (collectively, the “BSII Securities”) that either (i) participate in the Business Combination, including owning and disposing of TGE Class A Ordinary Shares or TGE Warrants (collectively, “TGE Securities”), or (ii) elect to have their BSII Class A Ordinary Shares redeemed for cash. This discussion addresses only those BSII Securities holders that hold such securities as capital assets within the meaning of the Code (generally, property held for investment). This discussion does not discuss all aspects of U.S. federal income taxation that may be relevant to holders in light of their particular circumstances or status including: •Sponsor or Black Spade II’s officers or directors; •financial institutions or financial services entities; •broker -dealers; •taxpayers that are subject to the mark -to -marketaccounting rules; •tax -exemptentities; •governments or agencies or instrumentalities thereof; •insurance companies; •regulated investment companies or real estate investment trusts; •expatriates or former long -termresidents of the United States; •persons that actually or constructively own five percent or more of BSII Class A Ordinary Shares, by vote or value, or that will actually or constructively own five percent or more of our voting shares or five percent or more of the total value of any class of our shares; •persons that acquired BSII Securities pursuant to an exercise of employee share options, in connection with employee share incentive plans or otherwise as compensation or in connection with the performance of services; •persons that are resident or ordinarily resident in or have a permanent establishment in a jurisdiction outside the U.S. to which the income from the BSII Securities or our shares is attributable; •persons subject to special tax accounting