Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 180

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 180
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 the difference between the purchase price that the Sponsor paid for the Founder Shares and the price of the BSII Public Shares and considering that the Sponsor would receive a substantial amount of TGE ordinary shares in connection with the Proposed Transactions, the Sponsor and its affiliates can earn a positive rate of return on their investment, even if other shareholders experience a negative rate of return in the post -BusinessCombination company. •under the Business Combination Agreement, upon the Closing, the Sponsor will be entitled to receive a transaction bonus in the amount of $5,560,000. Such amount will be deducted from the Trust Account, to the extent there remain any funds in the Trust Account after application of the funds in the Trust Account to satisfy any Black Spade II Shareholder Redemptions, and any shortfall will be paid by TGE. •The current directors and officers of Black Spade II will continue to be indemnified by Black Spade II and will continue to be covered by the directors’ and officers’ liability insurance after the Business Combination. •The Black Spade II Articles contain a waiver of the corporate opportunity doctrine. With such waiver, there could be business combination targets that may be suitable or worth consideration for a combination with Black Spade II but not offered due to a Black Spade II director’s duties to another entity. Black Spade does not believe that the potential conflict of interest relating to the waiver of the corporate opportunities doctrine in the Black Spade II Articles impacted its search for an acquisition target, and Black Spade II was not prevented from reviewing any opportunities as a result of such waiver. •The Sponsor and Black Spade II’s directors and officers have each entered into a letter agreement pursuant to which they have agreed, among other things, (i) to vote all of the BSII Shares, including Public Shares and Founder Shares, held by them in favor of the Business Combination, (ii) to waive their redemption rights with respect to such shares in connection with (a) a shareholder vote to approve an amendment to the Black Spade II Articles (I) to modify the substance or timing of Black Spade II’s obligation to allow redemption in connection with Black Spade II’s initial business combination or to redeem 100% of the BSII Public Shares if Black Spade II has not consummated an initial business combination within the Completion Window or (II) with respect to any other material provisions relating to shareholders’ rights or pre -initialbusiness combination activity, and (b) the completion of the Business Combination, and (iii) to