Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 8

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 8
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 to such term in Section 9.10.

“Company Exchange Securities”
means the Company Exchange Shares and/or the Company Exchange Warrants, as applicable.

“Company Exchange Shares” has
the meaning given to such term in Section 3.06(b)(i).

“Company Exchange Warrants”
has the meaning given to such term in Section 3.06(c)

“Company Financial Statements”
has the meaning given to such term in Section 5.07(a).

“Company IT Systems” means any
and all computers, hardware, Software, servers, workstations, routers, hubs, switches, circuits, racks, PCs, laptops, terminals, networking
or data communications lines and all other information technology equipment, including all documentation related to the foregoing, owned,
licensed, leased, or otherwise used by or on behalf of the Company or any of its Subsidiaries.

<div align='center'>7</div>

“Company Material Adverse Effect”
means any effect, development, event, occurrence, fact, condition, circumstance or change that, individually or in the aggregate, (x) has
had, or would reasonably be expected to have, a material adverse effect on the business, results of operations, financial condition, assets
or liabilities of the Company and its Subsidiaries taken as a whole, or (y) does or would reasonably be expected to prevent any of
the Company or Merger Sub from timely consummating the Closing on the terms set forth herein or to perform their agreements or covenants
hereunder; provided, however, that, in the case of the foregoing clause (x) only, no effect, development, event, occurrence, fact,
condition, circumstances or change, to the extent resulting from any of the following, either individually or in the aggregate, shall
be deemed to constitute, or be taken into account in determining whether a “Company Material Adverse Effect” has occurred
or would reasonably be expected to occur: (i) any change in Applicable Law or IFRS, or regulatory policies or interpretations thereof;
(ii) any change in interest rates or economic, financial or market conditions generally; (iii) the announcement or the execution
of this Agreement, the pendency or consummation of the Merger or the performance of this Agreement (or the obligations hereunder), including
any termination of, reduction in or similar adverse impact (but in each case only to the extent attributable to such announcement, execution,
pendency, consummation or performance) on