Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 213

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 213
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 the Cayman Islands for
the appointment of a restructuring officer on the grounds that the company (a) is or is likely to become unable to pay its debts
within the meaning of section 93 of the Cayman Islands Companies Act; and (b) intends to present a compromise or arrangement
to its creditors (or classes thereof) either, pursuant to the Cayman Islands Companies Act, the law of a foreign country or by way of
a consensual restructuring. The petition may be presented by a company acting by its directors, without a resolution of its members or
an express power in its articles of association. On hearing such a petition, the Cayman Islands court may, among other things, make an
order appointing a restructuring officer or make any other order as the court thinks fit.

Shareholders’ Suits.In
principle, we will normally be the proper plaintiff and as a general rule a derivative action may not be brought by a minority shareholder.
However, based on English authorities, which would in all likelihood be of persuasive authority in the Cayman Islands, the Cayman Islands
courts can be expected to follow and apply the common law principles (namely the rule in Foss v. Harbottle and the exceptions thereto)
so that a non-controlling shareholder may be permitted to commence a class action against or derivative actions in the name of the company
to challenge actions where:

| ● | a company is acting, or proposing to act, illegally or beyond the scope of its authority; |

| ● | the act complained of, although not beyond the scope of the authority, could only be effected duly if 
 authorized by more than the number of votes which have actually been obtained; and                    |

| ● | those who control the company are perpetrating a “fraud on the minority.” |

A shareholder may have a direct
right of action against us where the individual rights of that shareholder have been infringed or are about to be infringed.

Indemnification of Directors and Executive Officers and Limitation of Liability.Cayman Islands law does not limit the extent to which a company’s memorandum
and articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be
held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences
of committing a crime. The Amended Articles provide that that we shall indemnify our directors, secretaries and officers, and their personal
represent