Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 232

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 232
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, as consented to by Black Spade II in writing (which consent may not be unreasonably 139 withheld, conditioned or delayed) or as required by applicable law, aWME will, and will cause its subsidiaries to, use its commercially reasonable efforts to: (i) operate its business only in the ordinary course of business, (ii) preserve the business of aWME, (iii) maintain the services of its officers and key employees and its business and operations at its current business premises and offices, (iv) settle accounts payable and collect accounts receivable in the ordinary course of business, (v) maintain existing business relationships of aWME and (vi) not: amend organizational documents; change its share capital; take any action that would result in certain leakage; amend, terminate, extend, or enter into any significant contract; make certain changes with regard to benefit plans or not make certain changes to labor contracts or arrangements with certain persons with annual compensation in excess of $200,000 per year) or hire certain new directors or employees; acquire any other person except for a purchase price not exceeding $4,000,000; make any loans exceeding $2,000,000 in aggregate; incur any indebtedness in excess of $4,000,000 in aggregate; make certain changes with regard to taxes; except for non -exclusivelicenses granted in ordinary course of business, assign or dispose of, or fail to take actions necessary to protect, material owned intellectual property or licensed intellectual property; commence, discharge or settle certain actions; sell, lease or create certain liens on material assets, properties, securities or interests of aWME or any of its subsidiaries; merge or consolidate itself or any of its subsidiaries with any person or liquidate or dissolve; make any material changes in accounting principles or methods; fail to maintain material insurance policies; materially change the policies and procedures with respect to cash management, collection of accounts receivable and establishment of reserves for uncollectible amounts; incur any additional capital expenditure that in aggregate exceeds $4,000,000; materially amend or modify, or terminate any material permit; or enter into any legally binding agreement to do any of the foregoing actions, in each case, subject to further exceptions set forth in the Business Combination Agreement. Black Spade II has agreed that, during the Interim Period, except as set forth in Black Spade II’s disclosure schedule, expressly contemplated by the terms of the Business Combination Agreement, as consented to by aWME in writing,