Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 645

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 645
---
 US$50,000 divided into 50,000 ordinary shares of US$1.00 par value per share (“ Merger Sub Shares ”), of which one Merger Sub Share has been issued and is fully paid and outstanding. 6. Immediately prior to the Merger Effective Time, the authorized share capital of BSII is US$16,650 divided into (a) 150,000,000 Class A ordinary shares of a par value of US$0.0001 each (“ BSII Class A Ordinary Shares ”), (b) 15,000,000 Class B ordinary shares of a par value of US$0.0001 each (“ BSII Class B Ordinary Shares ”), and (c) 1,500,000 preference shares of a par value of US$0.0001 each (“ BSII Preference Shares ”), of which [*] BSII Class A Ordinary Shares have been issued and are fully paid and outstanding, 3,825,000 BSII Class B Ordinary Shares have been issued and are fully paid and outstanding, and no BSII Preference Shares are issued and outstanding. 7. At the Merger Effective Time, the authorized share capital of the Merger Surviving Company shall be US$16,650 divided into (a) 150,000,000 Class A ordinary shares of a par value of US$0.0001 each (“ Merger Surviving Company Class A Ordinary Shares ”), (b) 15,000,000 Class B ordinary shares of a par value of US$0.0001 each (“ Merger Surviving Company Class B Ordinary Shares ”), and (c) 1,500,000 preference shares of a par value of US$0.0001 each (“ Merger Surviving Company Preference Shares ” and together with the Merger Surviving Company Class A Ordinary Shares and the Merger Surviving Company Class B Ordinary Shares, collectively the “ Merger Surviving Company Shares ”). TERMS AND CONDITIONS OF THE MERGER 8. The terms and conditions of the Merger, including the manner and basis of converting shares in each Constituent Company into shares in the Merger Surviving Company or other property as provided in Section 233(5) of the Companies Act, including into Company Ordinary Shares, are set out in the Agreement. 9. The Company undertakes and agrees (it being acknowledged that the Company will be the sole shareholder of the Merger Surviving Company following the effectiveness of the Merger) in consideration of the Merger