Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 80

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 80
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 of any of BSII’s share capital necessary in connection with the entry into this Agreement
by BSII, and the consummation of the transactions contemplated hereby, including the Closing.

(c) At
a meeting duly called and held, the BSII Board has unanimously: (i) approved this Agreement, the Ancillary Agreements to which BSII
is a party and the Transactions, (ii) determined that this Agreement and the transactions contemplated hereby are advisable and in
the best interests of the BSII Shareholders; (iii) determined that the fair market value of the Company is equal to at least 80%
of the amount held in the Trust Account, as applicable; (iv) approved the Transactions as a Business Combination; and (v) resolved
to recommend to the Pre-Closing BSII Holders approval of the Transaction Proposals (the “BSII Board Recommendation”).

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Section 6.03. Governmental Authorizations; Consents. Assuming the representations and warranties of the Company and Merger Sub contained in this Agreement are
true, correct and complete, no consent, approval or authorization of, or designation, declaration, filing, notice or action with, any
Governmental Authority or other Person is required on the part of BSII with respect to BSII’s execution, delivery and performance
of this Agreement or any Ancillary Agreement to which BSII is (or is specified to be) a party or the consummation of the transactions
contemplated hereby or thereby, except for (a) the filing of the Plan of Merger and related documentation with the Cayman Islands
Registrar of Companies and the publication of notification of the Merger in the Cayman Islands Government Gazette in accordance with the
Cayman Islands Companies Act, (b) the declaration of effectiveness of the Registration Statement and the Proxy Statement by the SEC,
(c) the BSII Shareholder Approval, or (d) any consents, approvals, authorizations, designations, filings, notices or actions,
the absence of which would not reasonably be expected to be, individually or in the aggregate, material to BSII, taken as a whole.

Section 6.04. Noncontravention.
The execution, delivery and performance of this Agreement and each Ancillary Agreement to which BSII is (or is specified to be) a party
by BSII and the consummation of the transactions contemplated hereby and thereby do not and will not (a) contravene,