Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006765
Chunk: 2

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 2
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 Sub is 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.

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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