Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 31

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 31
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 Warrants without cash settlement for such rounded fraction.
The BSII Class A Ordinary Shares and BSII Public Warrants held following the Unit Separation shall be converted in accordance with
the applicable terms of this Section 3.06.

(b) At
the Merger Effective Time, by virtue of the Merger and without any action on the part of BSII, the Company and Merger Sub or any holder
of BSII Ordinary Shares or any Company Shareholder or any other shareholder of the Company:

(i) each
Eligible BSII Share shall be cancelled in exchange for the right of each Eligible BSII Shareholder to receive one Company Class A
Ordinary Share, at an issue price of $10.00 per Company Class A Ordinary Share credited as fully paid, per Eligible BSII Share (the
aggregate number of Company Class A Ordinary Shares thus issued to all Eligible BSII Shareholders in connection with the Merger,
the “Company Exchange Shares”);

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All Eligible BSII Shares shall no longer
be outstanding and shall be cancelled and cease to exist by virtue of the Merger, and each Eligible BSII Shareholder shall thereafter
cease to have any rights with respect thereto, except for the right to receive the consideration set forth in this Section 3.06(b)(i);

(ii) each
BSII Class A Ordinary Share that is issued and outstanding and held immediately prior to the Merger Effective Time by BSII as treasury
shares, including shares redeemed by BSII in connection with the exercise of BSII Shareholder Redemption Rights (if any) (collectively,
the “BSII Excluded Shares”) shall be cancelled and cease to exist, without any conversion thereof, and no consideration
shall be paid or payable with respect thereto;

(iii) each
BSII Redeeming Share that is issued and outstanding immediately prior to the Merger Effective Time shall be cancelled and cease to exist
and shall thereafter represent only the right to be paid a pro rata share of the BSII Shareholder Redemption Amount in accordance with
the BSII Governing Document; and

(iv) each
BSII Dissenting Share issued and outstanding immediately prior to the Merger Effective Time shall be automatically cancelled and extinguished
in accordance with Section 4.02 and shall carry no right other than the right to receive the applicable payment as set forth in Section 4.02.

(c) At
the Merger Effective Time, the Company