X0607 3 2026-07-10 0 0002074850 General Fusion Group Ltd. GFUZ 0001845960 de Boer Klaas true 6020 RUSS BAKER WAY RICHMOND A1 V7B 1B4 BRITISH COLUMBIA, CANADA true false false false Stock Option (right to buy) 4.50 2030-03-03 Common Shares 856 D Stock Option (right to buy) 4.50 2030-03-03 Common Shares 4276 D Stock Option (right to buy) 4.50 2030-06-30 Common Shares 1283 D Stock Option (right to buy) 6.67 2031-03-17 Common Shares 856 D Stock Option (right to buy) 6.67 2031-04-13 Common Shares 1711 D Stock Option (right to buy) 5.44 2034-09-11 Common Shares 5131 D Stock Option (right to buy) 0.53 2035-08-06 Common Shares 153459 D Stock Option (right to buy) 8.95 2036-05-27 Common Shares 29074 D Earnout Options (right to buy) 0.01 2030-03-03 Earnout Shares 1068 D Earnout Options (right to buy) 0.01 2030-06-30 Earnout Shares 267 D Earnout Options (right to buy) 0.01 2031-03-17 Earnout Shares 178 D Earnout Options (right to buy) 0.01 2031-04-13 Earnout Shares 356 D Earnout Options (right to buy) 0.01 2031-07-10 Earnout Shares 1068 D Earnout Options (right to buy) 0.01 2031-07-10 Earnout Shares 31970 D Earnout Options (right to buy) 0.01 2031-07-10 Earnout Shares 6056 D Fully vested. These options vested as to 25% of the underlying shares on the first anniversary of the original date of grant by the Legacy Company, or in the case of Earnout Options, the first anniversary of the original date of grant of the associated option award, with the remaining shares vesting in 12 substantially equal quarterly installments thereafter. These options vested as to 50% of the underlying shares on the original date of grant by General Fusion Inc. (the "Legacy Company"), or in the case of Earnout Options, the first anniversary of the original date of grant of the associated option award, with the remaining shares vesting in 12 substantially equal quarterly installments thereafter. All underlying shares that vested prior to the closing of the Legacy Company's business combination with Spring Valley Acquisition Corp. III (the "Business Combination") remained vested following their exchange for options of General Fusion Group Ltd. (the "Company"), and the Earnout Options associated with each option award retained the vesting history of the associated option award. These options vest as to 25% of the underlying shares on the first anniversary of the original date of grant by the Legacy Company, or in the case of Earnout Options, the first anniversary of the original date of grant of the associated option award, with the remaining shares vesting in 12 substantially equal quarterly installments thereafter. Earnout Shares, including the Earnout Shares underlying the Earnout Options, consist of a substantially equal number of Class A Earnout Shares, Class B Earnout Shares, and Class C Earnout Shares, which will automatically convert into common shares of the Company if, on or before July 10, 2031, the volume weighted average price of the Company's common shares equals or exceeds each of $15.00, $20.00 and $25.00, respectively, for any 20 trading days within any period of 30 consecutive trading days. Exhibit List: Exhibit 24-Power of Attorney /s/ Griffin D. Foster, as attorney-in-fact for Klaas de Boer 2026-07-20