Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 115

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 115
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, directly or indirectly (a) take any action to solicit,
initiate or engage in discussions or negotiations with, or enter into any binding agreement with, any Person concerning, or which would
reasonably be expected to lead to, an Acquisition Transaction, (b) in the case of BSII, fail to include the BSII Board Recommendation
in (or remove the BSII Board Recommendation from) the Registration Statement, or (c) withhold, withdraw, qualify, amend or modify
(or publicly propose or announce any intention or desire to withhold, withdraw, qualify, amend or modify), in a manner adverse to the
other Party, the approval of such Party’s governing body of this Agreement, the Ancillary Agreements and/or any of the Transactions,
or, in the case of BSII, the BSII Board Recommendation, unless, in the case of clauses (b) and (c), the applicable party reasonably
determines based on advice of outside counsel that the failure to take, or taking of, such action would be reasonably likely to be in
breach of the BSII Board’s fiduciary duties under Applicable Law. Promptly upon receipt of an unsolicited proposal regarding an
Acquisition Transaction, BSII and each of the Company and Merger Sub shall notify the other party thereof, which notice shall include
a written summary of the material terms of such unsolicited proposal. Notwithstanding the foregoing, the Parties may respond to any unsolicited
proposal regarding an Acquisition Transaction only by indicating that such Party has entered into a binding definitive agreement with
respect to a business combination and is unable to provide any information related to such Party or any of its Subsidiaries or entertain
any proposals or offers or engage in any negotiations or discussions concerning an Acquisition Transaction. From and after the date hereof,
BSII shall, and shall instruct its officers and directors to, and BSII shall instruct and cause its Representatives, the Sponsor and their
respective Subsidiaries and their respective Representatives to, immediately cease and terminate all discussions and negotiations with
any Persons (other than the Company and its Representatives) with respect to an Acquisition Transaction. For the purposes hereof, “Acquisition Transaction” means, (i) with respect to the Company or Merger Sub, any merger, consolidation, liquidation, recapitalization,
share exchange or other business combination transaction (other than (w) the Transactions, (x) transactions set forth in the
Company Disclosure Schedule, (y) transactions in the ordinary