Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 29

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 29
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 company
(the “Merger”).

(b) Upon
consummation of the Merger at the Merger Effective Time, the separate corporate existence of Merger Sub shall cease to exist and Merger
Sub will be struck off the Register of Companies in the Cayman Islands, and BSII, as the surviving company of the Merger (hereinafter
referred to for the periods at and after the Merger Effective Time as the “Merger Surviving Company”), shall continue
its corporate existence under the laws of the Cayman Islands as a direct wholly-owned Subsidiary of the Company.

Section 3.02. Effects of the Merger. At the Merger Effective Time, the Merger shall have the effects specified in this Agreement, the Plan of Merger and
the Cayman Islands Companies Act. Without limiting the generality of the foregoing, and subject thereto, at the Merger Effective Time,
all the rights, property of every description, including choses in action, and the business, undertaking, goodwill, benefits, immunities
and privileges of each of BSII and Merger Sub shall vest in the Merger Surviving Company and the Merger Surviving Company shall be liable
for and subject in the same manner as BSII and Merger Sub to all mortgages, charges or security interests and all Contracts, obligations,
claims, debts and liabilities of BSII and Merger Sub in accordance with the Cayman Islands Companies Act.

Section 3.03. Closing; Merger Effective Time. Subject to the terms and conditions of this Agreement, the closing of the Merger (the “Closing”)
shall take place on the date which is three (3) Business Days after the date on which all conditions set forth in ‎Article 10
shall have been satisfied or waived (other than those conditions that by their terms are to be satisfied at the Closing, but subject to
the satisfaction or waiver of such conditions) or such other time and place as BSII and the Company may mutually agree. The date on which
the Closing actually occurs is referred to in this Agreement as the “Closing Date.” Subject to the satisfaction or
waiver of all of the conditions set forth in ‎Article 10, on the date of the Closing, BSII and Merger Sub shall file, or cause
to be filed, the Plan of Merger and other documents required under the Cayman Islands Companies Act to effect the Merger with the Cayman
Islands Registrar of Companies as provided by