Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006765
Chunk: 3

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 3
---
 the sole shareholder of the Merger Surviving Company following the effectiveness of the Merger)
in consideration of the Merger to issue the Company Exchange Shares in accordance with the terms of the Agreement.

10. At the Merger Effective Time, the rights and
restrictions attaching to Merger Surviving Company Shares are set out in the amended and restated memorandum and articles of association
of BSII adopted by special resolution on 13 August 2024 (the “Existing M&A”).

EFFECTIVE TIME

11. The Merger shall take effect on the date on
which this Plan of Merger is registered by the Registrar of Companies in the Cayman Islands (the “Registrar”) in accordance
with Section 233(13) of the Companies Act unless, with the agreement of the Company, the Constituent Companies shall deliver a notice
to the Registrar signed by a director of each of the Constituent Companies specifying a later time and date in accordance with Section 234
of the Companies Act, in which case the effective time of the Merger shall be such later time and date specified in such notice to the
Registrar (the “Merger Effective Time”).

PROPERTY

12. At the Merger Effective Time, all the rights,
property of every description including choses in action, and the business, undertaking, goodwill, benefits, immunities and privileges
of each of the Constituent Companies shall vest in the Merger Surviving Company which shall be liable for and subject, in the same manner
as the Constituent Companies, to all mortgages, charges, or security interests and all Contracts, obligations, claims, debts and liabilities
of each of the Constituent Companies.

MEMORANDUM OF ASSOCIATION AND ARTICLES OF ASSOCIATION

13. At the Merger Effective Time, the memorandum
and articles of association of the Merger Surviving Company shall be in the form of the Existing M&A.

DIRECTORS BENEFITS

14. No amounts or benefits are or shall be paid
or payable to any director(s) of either of the Constituent Companies consequent upon the Merger becoming effective.

<div align='center'>3</div>

DIRECTORS OF THE SURVIVING COMPANY

15. The name and address of the director[s] of
the Merger Surviving Company is/are as follows:

| NAME  | ADDRESS |
| [ ● ] | [ ● ]   |
| [ ● ] | [ ● ]   |

SECURED CREDITORS

16. Neither of the