Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 19

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 19
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 Company or any of
its Subsidiaries to a Related Party pursuant to any of the transactions set forth on Section 1.01(a) of the Company Disclosure
Schedule, and (iv) any Tax payable by the Company or any of its Subsidiaries as a result of any of clauses (i) through (iii) above.

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“Permitted Liens” means (i) Liens
that arise in the ordinary course of business and which are not yet due and payable or which are being contested in good faith through
appropriate Actions, (ii) Liens incurred in the ordinary course of business in connection with workers’ compensation, unemployment
insurance and other mandatory social security legislation, (iii) Liens for Taxes not yet due and payable or which are being contested
in good faith through appropriate Actions and with respect to which adequate reserves have been made in accordance with GAAP, (iv) Liens
on real property (including zoning, building, or other similar restrictions, variances, encumbrances, easements, covenants, rights of
way and similar restrictions of record and irregularities in title) that do not, individually or in the aggregate, materially interfere
with the ownership, operation, value, or present uses of such real property, (v) statutory, common law and contractual Liens of landlords
with respect to leased real property and the rights of lessors under any leases; (vi) purchase money Liens and Liens securing rental
payments in connection with capital lease obligations of the Company; (vii) non-exclusive licenses of Intellectual Property granted
in the ordinary course of business, and (viii) Liens described on Section 1.01(b) of the Company Disclosure Schedule.

“Per Share Equity Value” means
(i) the Equity Value divided by (ii) the aggregate number of Pre-Recapitalization Company Ordinary
Shares.

“Person” means any individual,
firm, corporation, company, partnership, limited liability company, incorporated or unincorporated association, joint venture, joint stock
company, governmental agency or instrumentality or other entity of any kind.

“Personally Identifiable Information”
means any and all (i) information relating to an individual that either contains data elements that identify the individual or that
can be used, directly or indirectly, to identify, contact or locate the individual, (ii) information that enables a person to contact
the individual (such as information contained in a