Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 95

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 95
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 and (vi) not:

(a) change,
amend or propose to amend its Governing Documents except for any such change or amendment made to a Governing Document of a Subsidiary
of the Company in the ordinary course of business and which will not have a material adverse impact on the Company’s ability to perform
its obligations under this Agreement, the Ancillary Agreements or to consummate the Transactions;

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(b) directly
or indirectly adjust, split, combine, subdivide, issue, pledge, deliver, award, grant, redeem, purchase or otherwise acquire or sell,
or authorize or propose the issuance, pledge, delivery, award, grant or sale (including the grant of any encumbrances) of any of its Equity
Securities;

(c) take
any action that would constitute or result in Leakage (other than Permitted Leakage);

(d) other
than in the ordinary course of business and except as set forth under Section 7.01(d) of the Company Disclosure Schedule, (i) modify,
voluntarily terminate, permit to lapse, waive, or fail to enforce any material right or remedy under any Significant Contract, (ii) materially
amend, extend or renew any Significant Contract or (iii) enter into any Significant Contract;

(e) except
as required by the terms of the Company Benefit Plans in effect on the date hereof and made available to BSII (i) grant any severance,
retention or termination pay to, or enter into or amend any severance, retention, termination, employment, consulting, bonus, change in
control or severance agreement with, any current or former Service Provider with an annual compensation exceeding $200,000, (ii) increase
the compensation or benefits provided to any current or former Service Provider with an annual compensation exceeding $200,000 other than
in the ordinary course of business, (iii) grant any equity or equity-based awards to, or discretionarily accelerate the vesting or
payment of any such awards held by, any current or former Service Provider other than in the ordinary course of business, (iv) establish,
adopt, enter into, amend, or terminate any Company Benefit Plan or Labor Contract or (v) (x) appoint any directors or hire any
officers other than to fill vacancies arising due to termination of employment or resignation or (y) terminate the employment of
any employees other than in the ordinary course of business for cause;

(f) acquire
(whether