Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 38

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 38
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 multiplied by the number of BSII Class A Ordinary Shares (excluding BSII Class A Ordinary
Shares converted from BSII Class B Ordinary Shares) held by that Eligible BSII Shareholder on the Closing Date immediately before the
Merger Effective Time, subject to a holding period requirement as may be mutually agreed among the Company and BSII; provided, for the
avoidance of doubt, that any Company Shareholder upon the Closing that was an Eligible BSII Shareholder who elected to exercise its BSII
Shareholder Redemption Right shall not be entitled to receive this foregoing payment.

<div align='center'>Article 5Representations and Warranties of the Company</div>

Except (a) as set forth in the Company Disclosure
Schedule (subject to ‎Section 12.14) or (b) as otherwise explicitly set out in this Agreement, the Company represents and
warrants to BSII as of the date hereof and as of the Closing Date as follows:

Section 5.01. Corporate Existence and Power.

(a) The
Company has been duly incorporated and is validly existing and in good standing under the laws of the Cayman Islands and has all requisite
corporate or similar organizational power and authority to own or lease its properties and to conduct its business as it is now being
conducted.

(b) Merger
Sub is an exempted company duly incorporated, validly existing and in good standing under the laws of the Cayman Islands and was formed
solely for the purpose of consummating the Transactions.

(c) True
and complete copies of the Governing Documents of the Company (which for the purpose of this Section 5.01(c) shall not include
the Listing Articles) have been made available by the Company to BSII. Such Governing Documents are in full force and effect and, if required
under Applicable Law, have been registered with, as applicable, the appropriate Governmental Authorities. The Company is not in violation
of any of the provisions of its Governing Documents.

(d) The
Company is duly licensed or qualified and, where applicable, in good standing (to the extent such concept exists in the relevant jurisdiction)
as a foreign company in each jurisdiction in which the ownership or lease of its property or the character of its activities is such as
to require it to be so licensed, qualified or in good standing (to the extent such concept exists in the relevant jurisdiction), as applicable,
except where the failure to be so licensed or qualified would not,