Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 191

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 191
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 will do so. It is possible that TGE will lose some key personnel, the loss of which could negatively impact the operations and profitability of TGE. Furthermore, following the Closing, certain of the key personnel of TGE who will become the management of TGE may be unfamiliar with the requirements of operating a company regulated by the SEC, which could cause TGE to have to expend time and resources helping them become familiar with such requirements. Black Spade II may not have sufficient funds to satisfy indemnification claims of its directors and executive officers. Black Spade II has agreed to indemnify its officers and directors to the fullest extent permitted by law. However, Black Spade II’s officers and directors have agreed to waive any right, title, interest or claim of any kind in or to any monies in the Trust Account. Accordingly, any indemnification provided will be able to be satisfied by Black Spade II only if (i) Black Spade II has sufficient funds outside of the Trust Account or (ii) Black Spade II consummates an initial business combination. Black Spade II’s obligation to indemnify its officers and directors may discourage shareholders from bringing a lawsuit against its officers or directors for breach of their fiduciary duty. These provisions also may have the effect of reducing the likelihood of derivative litigation against Black Spade II’s officers and directors, even though such an action, if successful, might otherwise benefit Black Spade II and its shareholders. Furthermore, a shareholder’s investment may be adversely affected to the extent Black Spade II pays the costs of settlement and damage awards against its officers and directors pursuant to these indemnification provisions. Black Spade II may amend the terms of the Public Warrants in a manner that may be adverse to holders of Public Warrants with the approval by the holders of at least a majority of the then outstanding Public Warrants. As a result, the exercise price of the Public Warrants could be increased, the exercise period could be shortened and the number of BSII Class A Ordinary Share purchasable upon exercise of a Public Warrant could be decreased, all without your approval. BSII Warrants are issued in registered form under a warrant agreement between Continental Stock Transfer & Trust Company, as warrant agent, and Black Spade II. The warrant agreement provides that the terms of the warrants may be amended without the consent of any holder to cure any ambiguity or correct any defective provision or 113 to make any amendments that are necessary in the good faith determination of our Board of Directors (taking into account then existing market