Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 33

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 33
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 conditions specified in ‎Section 10.02(a),
‎Section 10.02(b) and Section 10.02(c) have been fulfilled.

(b) At
or prior to the Closing, BSII shall deliver or cause to be delivered to the Company:

(i) the
Registration Rights Agreement, duly executed by the parties thereto other than the Company, AMTD Digital, AMTD IDEA Group, AMTD Group
Inc., South Horizon Oceans (Group) Co Inc., Radisson Everton Venture Fund and the other Company Shareholders;

(ii) the
Assignment, Assumption and Amendment Agreement, duly executed by Sponsor; and

(iii) a
certificate signed by an authorized director or officer of BSII, dated the Closing Date, certifying that the conditions specified in ‎‎Section 10.03(a),
Section 10.03(b) and Section 10.03(c) have been fulfilled.

Section 4.02. Dissenter’s Rights.

(a) To
the extent available under the Cayman Islands Companies Act, all BSII Ordinary Shares that are issued and outstanding immediately prior
to the Merger Effective Time and that are held by any BSII Shareholder who shall have validly exercised and not effectively waived, withdrawn,
forfeited, failed to perfect or otherwise lost their rights to dissent from the Merger, in accordance with Section 238 of the Cayman
Islands Companies Act (the “BSII Dissenting Shares” and holders of BSII Dissenting Shares being referred to as “BSII Dissenting Shareholders”) shall be cancelled and cease to exist at the Merger Effective Time, shall not be entitled to receive
the applicable Company Exchange Shares under Section 3.06(b)(i) and shall instead be entitled to receive only the payment of
the fair value of such BSII Dissenting Shares held by them determined in accordance with Section 238 of the Cayman Islands Companies
Act.

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(b) All
BSII Ordinary Shares held by BSII Dissenting Shareholders who shall have failed to exercise or who shall have effectively waived, withdrawn,
forfeited, failed to perfect or otherwise lost their dissenter rights under Section 238 of the Cayman Islands Companies Act shall
thereupon (i) not be deemed to be BSII Dissenting Shares, and (ii) be cancelled and cease to exist and shall instead be entitled
to receive, at the later of the Merger Effective Time and the date of loss of