Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 123

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 123
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) by
either the Company or BSII if the BSII Shareholder Approval is not obtained upon a vote duly taken thereon at the BSII Extraordinary General
Meeting (including any permitted adjournment or postponement of the BSII Extraordinary General Meeting).

The Party desiring to terminate this Agreement
pursuant to this ‎Section 11.01 (other than Section 11.01(a)) shall give written notice of such termination to each other
Party.

Section 11.02. Effect of Termination. Except as otherwise set forth in this ‎Section 11.02, in the event of the termination of this Agreement pursuant
to ‎Section 11.01, this Agreement shall forthwith become void and have no effect, without any liability on the part of any party
hereto or its respective Affiliates, officers, directors or shareholders, other than liability of any of the Parties for any intentional
and wilful material breach of this Agreement or fraud by such Party occurring prior to such termination. The provisions of Section 7.03,
‎11.02, ‎12.05, ‎12.06, ‎12.07, ‎12.08, ‎12.09, ‎12.10, ‎12.13, ‎12.15, ‎12.16 and ‎12.17
(collectively, the “Surviving Provisions”) and the Confidentiality Agreement, and any defined term or other Section or
Article of this Agreement referenced in the Surviving Provisions which are required to survive in order to give appropriate effect
to the Surviving Provisions, shall, in each case, survive any termination of this Agreement.

<div align='center'>Article 12Miscellaneous</div>

Section 12.01. Non-Survival of Representations, Warranties and Covenants. None of the representations, warranties, covenants and agreements in this Agreement
or in any instrument, document or certificate delivered pursuant to this Agreement shall survive the Closing, except for (a) those
covenants and agreements contained herein and therein which by their terms expressly apply in whole or in part after the Closing and then
only to such extent until such covenants and agreements have been fully performed, (b) any covenants and agreements in the Surviving
Provisions and (c) any claim arising out of fraud.

Section 12.02. Waiver.
Any party to this Agreement may, at any time prior to the Closing, waive