Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 88

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 88
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Section 6.17. Affiliate Transactions. Except for equity ownership or employment relationships (including any employment or similar Contract) expressly contemplated
by this Agreement, any non-disclosure or confidentiality Contract entered into in connection with the “wall-crossing” of BSII
Shareholders, any Ancillary Agreement or any Contract that is an exhibit to the SEC Documents or described therein, (a) there are
no transactions or Contracts, or series of related transactions or Contracts, between BSII, on the one hand, and any director or officer
of BSII, Sponsor, any beneficial owner (as defined in Rule 13d-3 under the Exchange Act) of 5% or more of the BSII Ordinary Shares
or, to the knowledge of BSII, any of their respective “associates” or “immediate family” members (as such terms
are defined in Rule 12b-2 and Rule 16a-1 of the Exchange Act), on the other hand, nor is any Indebtedness owed by or to BSII,
on the one hand, to or by Sponsor or any such director, officer, beneficial owner, associate or immediate family member, on the other
hand, and (b) none of the officers or directors (or members of a similar governing body) of BSII, Sponsor, any beneficial owner of
5% or more of the BSII Ordinary Shares or, to the knowledge of BSII, their respective “associates” or “immediate family
members” owns directly or indirectly in whole or in part, or has any other material interest in, (i) any material tangible
or real property that BSII uses, owns or leases (other than through any Equity Securities of BSII) or (ii) any customer, vendor or
other material business relation of BSII or Sponsor, in each of clauses (i) and (ii) in excess of $4,000,000.

Section 6.18. Taxes.

(a) All
material Tax Returns required to be filed by BSII (taking into account applicable extensions) have been timely filed in all material respects,
and all such Tax Returns (taking into account all amendments thereto) are true, correct and complete in all material respects.

(b) BSII
has paid all material Taxes (whether or not shown on any Tax Return) that are due and payable by BSII, except with respect to matters
contested in good faith by appropriate proceedings and