Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 98

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 98
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 its Subsidiaries, except insofar as may
have been required by a change in IFRS or any Applicable Law or to obtain compliance with PCAOB auditing standards;

(n) permit
any insurance policy listed in Section 5.18 of the Company Disclosure Schedule to be cancelled or terminated without using commercially
reasonable efforts to prevent such cancellation or termination, other than if, in connection with such cancellation or termination, a
replacement policy having comparable deductions and providing coverage substantially similar to the coverage under the lapsed policy for
substantially similar or less premiums is in full force and effect;

(o) change,
in any material respect, (i) the cash management policies and procedures of the Company and its Subsidiaries or (ii) the policies
and procedures of the Company and its Subsidiaries with respect to collection of accounts receivable and establishment of reserves for
uncollectible amounts;

(p) incur
any capital expenditure that in aggregate exceeds $4,000,000;

(q) materially
amend or modify, or terminate, any material Permit, other than routine renewals, or fail to maintain or timely obtain any Permit that
is material to the ongoing operations of the Company and its Subsidiaries, other than in the ordinary course of business; or

(r) enter
into any commitment or legally binding agreement to do any action prohibited under this Section 7.01.

Nothing contained in this Section 7.01 shall
give to BSII, directly or indirectly, the right to control or direct the ordinary course of business operations of the Company or Merger
Sub prior to the Closing. Prior to the Closing, each of BSII, and the Company and Merger Sub shall exercise, consistent with the terms
and conditions hereof, complete control and supervision of its respective operations, as required by Applicable Law.

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Section 7.02. Inspection.
The Company shall, and shall cause its Subsidiaries to, afford to BSII and its officers, employees, accountants, counsel, financing sources
and other representatives reasonable access during the Interim Period, during normal business hours, to all of their respective properties,
books and records, Contracts, commitments, customers, vendors and other business relations and officers and employees of the Company and
its Subsidiaries, and shall furnish such representatives with all financial and operating data and other information concerning the affairs
of the Company and its Subsidiaries that are in the