Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 697

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 697
---
 Group, with the securityholders of Black Spade II who do not elect to exercise their right pursuant to Black Spade II’s amended and restated memorandum and articles of association, adopted by special resolution dated August 13, 2024 and effective on August 13, 2024 (as may be amended, restated or otherwise modified from time to time, the “ BSII Governing Document ”) to require that Black Spade II redeem all or a portion of their BSII Class A Ordinary Shares in connection with the Business Combination, for the Redemption Price (as defined in the BSII Governing Document) (the “ BSII Shareholder Redemption Right ”) becoming securityholders of The Generation Essentials Group; WHEREAS, Black Spade II filed a definitive proxy statement on, 2025 (the “ Proxy Statement ”) with a deadline for holders of BSII Class A Ordinary Shares to exercise their BSII Shareholder Redemption Right by no later than[a.m./p.m.], Eastern Time on, 2025, which is two (2) business days before the scheduled extraordinary general meeting (the “ Meeting ”) of shareholders of Black Spade II to approve, among others, the Business Combination, and which is to be held on, 2025 ; WHEREAS, Black Spade II, The Generation Essentials Group and the Shareholder are entering into this Agreement in anticipation of the closing of the Business Combination contemplated by the Business Combination Agreement ; WHEREAS, pursuant to the terms of this Agreement, the Shareholder desires to agree to refrain from exercising the Shareholder’s BSII Shareholder Redemption Right with respect to the Shareholder’s BSII Non-Redemption Shares (as defined below) ; and WHEREAS, all capitalized terms used but not defined herein shall have the respective meanings specified in the Business Combination Agreement. NOW, THEREFORE, in consideration of the mutual agreements set forth herein, the parties agree as follows: 1. Non-Redemption Terms . (a) The Shareholder hereby irrevocably and unconditionally waives, and agrees not to exercise, its BSII Shareholder Redemption Right with respect to such number of BSII Class A Ordinary Shares set forth opposite the Shareholder’s name in Exhibit A hereto (the “ BSII Non-Redemption Shares ”). Annex D-1 (b) The Shareholder shall not, directly or indirectly, Transfer any of its BSII Non-Redemption Shares or any securities of The Generation Essentials Group received by the Shareholder in exchange for the