Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 32

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 32
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 will assume the Warrant Agreement under the terms of the Assignment, Assumption and Amendment Agreement,
and each BSII Warrant that is outstanding and unexercised shall thereupon be exchanged for a Company Warrant, which shall be on the same
terms and conditions as the applicable BSII Warrant (as amended by the Assignment, Assumption and Amendment Agreement) (all Company Warrants
issued to all holders of BSII Warrants in connection with the Merger, the “Company Exchange Warrants”). The Company
shall take all corporate actions necessary to approve for future issuance a sufficient number of Company Class A Ordinary Shares
for delivery upon the exercise of such Company Exchange Warrants. All BSII Warrants shall no longer be outstanding and shall automatically
be cancelled and shall cease to exist, and each holder of BSII Warrants shall thereafter cease to have any rights with respect thereto,
except the right to receive the consideration set forth in this ‎Section 3.06(c).

(d) At
the Merger Effective Time, by virtue of the Merger and without any action on the part of BSII, the Company, Merger Sub or any holder of
BSII Ordinary Shares or BSII Warrants, each ordinary share of Merger Sub, par value $1.0 per share, issued and outstanding immediately
prior to the Merger Effective Time shall be converted into and become one validly issued, fully paid and non-assessable Class A ordinary
share, par value $0.0001, of the Merger Surviving Company. Such ordinary share(s) of the Merger Surviving Company shall constitute
the only issued and outstanding share capital of the Merger Surviving Company upon the Merger Effective Time.

<div align='center'>26

Article 4Closing Deliveries; Earnout</div>

Section 4.01. Closing Deliverables.

(a) At
or prior to the Closing:

(i) the
Company shall deliver or cause to be delivered to BSII:

(A) the
Registration Rights Agreement, duly executed by the Company and the Company Shareholders party thereto;

(B) (I) the
Assignment, Assumption and Amendment Agreement, duly executed by the Company and (II) if the Sponsor delivers the Sponsor Warrant Election
Letter duly executed by the Sponsor, the acknowledgment to the Sponsor Warrant Election Letter, duly executed by the Company; and

(C) a
certificate signed by an authorized officer of the Company, dated the Closing Date, certifying that the