Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006764
Chunk: 1

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 1
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 Agreement and Section 3.06 of the Business Combination Agreement, the Warrants will
no longer be exercisable for Class A ordinary shares of BSII, par value $0.0001 per share, but instead exchanged for a warrant to
subscribe for one Class A ordinary share, par value $0.0001 per share, of the Company (“Company Class A ordinary share”, such warrant, “Company Warrant”) and the Company Warrants will be exercisable (subject to the terms
and conditions of the Existing Warrant Agreement, as amended hereby) for Company Class A ordinary shares;

WHEREAS, in connection with the transactions contemplated
by the Business Combination Agreement, BSII desires to assign to the Company, and the Company desires to assume, all of BSII’s rights,
interests and obligations under the Existing Warrant Agreement;

WHEREAS, Section 9.8(iii) of the Existing
Warrant Agreement provides that all parties to the Existing Warrant Agreement may amend the Existing Warrant Agreement without the consent
of any Registered Holder with respect to matters or questions arising under the Existing Warrant Agreement as the parties thereto may
deem necessary or desirable and that the parties thereto deem do not adversely affect the rights of the Registered Holders under the Existing
Warrant Agreement in any material respect; and

WHEREAS, as a result of this Agreement, each Warrant will be exchanged for a warrant for one Company Class A ordinary share pursuant to the terms and conditions of the Existing Warrant Agreement (as amended by this Agreement).

NOW, THEREFORE, in consideration of the mutual
agreements herein contained, the receipt and sufficiency of which is hereby acknowledged and intending to be legally bound, the parties
hereto agree as follows:

1. .

1.1. . As of and with effect on and from the effective time of the Merger (the “Merger Effective Time”),
BSII hereby assigns to the Company all of BSII’s right, title and interest in and to the Existing Warrant Agreement; and the Company
hereby assumes, and agrees to pay, perform, satisfy and discharge in full, as the same become due, all of BSII’s liabilities and
obligations under the Existing Warrant Agreement arising on, from and after the Merger Effective Time. As a result of the preceding sentence,
each Warrant outstanding immediately prior to the Merger Effective Time, which was exercisable for one Class A ordinary shares of
BSII, will be exchanged for