Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 212

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 212
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, we will normally be the proper plaintiff and as a general rule a derivative action may not be brought by a minority shareholder.
However, based on English authorities, which would in all likelihood be of persuasive authority in the Cayman Islands, the Cayman Islands
courts can be expected to follow and apply the common law principles (namely the rule in Foss v. Harbottle and the exceptions thereto)
so that a non-controlling shareholder may be permitted to commence a class action against or derivative actions in the name of the company
to challenge actions where:

| ● | a company is acting, or proposing to act, illegally or beyond the scope of its authority; |

| ● | the act complained of, although not beyond the scope of the authority, could only be effected duly if 
 authorized by more than the number of votes which have actually been obtained; and                    |

| ● | those who control the company are perpetrating a “fraud on the minority.” |

A shareholder may have a direct
right of action against us where the individual rights of that shareholder have been infringed or are about to be infringed.

Indemnification of Directors and Executive Officers and Limitation of Liability.Cayman Islands law does not limit the extent to which a company’s memorandum
and articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be
held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences
of committing a crime. The Amended Articles provide that that we shall indemnify our directors, secretaries and officers, and their personal
representatives, against all actions, proceedings, costs, charges, expenses, losses, damages or liabilities incurred or sustained by such
persons, other than by reason of such person’s dishonesty, wilful default or fraud, in or about the conduct of our company’s
business or affairs (including as a result of any mistake of judgment) or in the execution or discharge of his duties, powers, authorities
or discretions, including without prejudice to the generality of the foregoing, any costs, expenses, losses or liabilities incurred by
such persons in defending (whether successfully or otherwise) any civil proceedings concerning our company or its affairs in any court
whether in the Cayman Islands or elsewhere. This standard of conduct is generally the same as permitted under the Delaware General Corporation
Law for a Delaware corporation.

In addition, we have entered
into indemn