Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 182

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 182
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reement and the ancillary agreements.

In addition, pursuant to
the TGE Shareholders Support Agreement, each of AMTD Digital, AMTD IDEA Group and AMTD Group Inc. (each, a “Lock-Up Obligor”)
also agreed not to transfer or sell, during a period of three (3) years from and after the Closing Date, subject to customary exceptions,
(i) any Ordinary Shares or other equity securities of The Generation Essentials Group held by such Lock-Up Obligor immediately after
the Closing (including the Earnout Shares), excluding any Ordinary Shares acquired in open market transactions after the Closing, (ii) any
Ordinary Shares received by such Lock-Up Obligor upon the exercise, conversion or settlement of options or warrants held by such Lock-Up
Obligor immediately after Closing (along with such options or warrants themselves), and (iii) any equity securities of The Generation
Essentials Group issued or issuable with respect to any securities referenced in clauses (i) through (ii) by way of share
dividend or share split or in connection with a recapitalization, merger, consolidation, spin-off, reorganization or similar transaction.

Sponsor Support
Agreement and Deed

Concurrently with the execution
of the Business Combination Agreement, The Generation Essentials Group, Black Spade II, Sponsor and certain other holders of BSII II
Class B Ordinary Shares and BSII Private Warrants (each, and together with the Sponsor, the “Sponsor Parties”) entered
into a sponsor support agreement and deed (the “Sponsor Support Agreement”), pursuant to which each Sponsor Party agreed
to, among other things, (i) attend an extraordinary general meeting of holders of BSII Shares (including any permitted adjournment
or postponement) to establish a quorum for the purpose of approving the Business Combination, and (ii) vote the BSII Class B
Ordinary Shares, and any other BSII securities acquired by such Sponsor Party in favor of approving the transactions contemplated by
the Business Combination Agreement and the ancillary agreements.

In addition, pursuant to
the Sponsor Support Agreement, from the Closing until the date falling two years after the Closing Date, for so long as the Sponsor
and its affiliates collectively hold at least 5% of the issued and outstanding ordinary shares of The Generation Essentials Group, the
Sponsor shall be entitled to appoint up to two non-voting observers to the board of directors of The Generation Essentials Group, and,
for so long as the Sponsor and its affiliates collectively