Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 106

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 106
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 provisions of the BSII Governing Document as of the date of this Agreement and (ii) not
to amend, repeal or otherwise modify such provisions in any respect that would adversely affect the rights of those Persons thereunder,
in each case, except as required by Applicable Law.

(b) BSII
may cause coverage to be extended under its current directors’ and officers’ liability insurance by obtaining a six year “tail”
policy containing terms not materially less favorable than the terms of such current insurance coverage with respect to claims existing
or occurring at or prior to the Merger Effective Time; that the Company shall not be responsible for bearing
any annual premium of the such insurance that exceeds 200% of the aggregate annual premium currently payable by BSII for such insurance
policy. If any claim is asserted or made within such six year period, the provisions of this Section 9.02 shall be continued in respect
of such claim until the final disposition thereof.

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(c) Notwithstanding
anything to the contrary contained in this Agreement, this ‎Section 9.02 shall survive the consummation of the Merger
until the sixth anniversary of the Merger Effective Time and shall be binding, jointly and severally, on all successors and assigns of
the Company and the Merger Surviving Company. In the event that the Company or the Merger Surviving Company or any of their respective
successors or assigns consolidates with or merges into any other Person and shall not be the continuing or surviving company or entity
of such consolidation or merger or transfers or conveys all or substantially all of its properties and assets to any Person, then, and
in each such case, proper provision shall be made so that the successors and assigns of the Company or the Merger Surviving Company, as
the case may be, shall succeed to the obligations set forth in this ‎Section 9.02.

Section 9.03. Tax Matters.

(a) Unless
otherwise agreed by the Parties or required by Applicable Law, the Parties intend that for U.S. federal (and, as applicable, state and
local) income Tax purposes, the Merger be treated as taxable exchanges of BSII Class A Ordinary Shares for Company Class A Ordinary
Shares and of BSII Warrants for Company Warrants.

(b) All
transfer, documentary, sales, use, stamp, registration, value added or other similar Taxes incurred in connection with the Transactions
(“Transfer Taxes”) shall be borne