Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 503

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 503
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 are no outstanding obligations of Holdings or any of its Subsidiaries to issue, sell or transfer or repurchase, redeem or otherwise acquire, or that relate to the holding,
voting or disposition of, or that restrict the transfer of, the issued or unissued share capital or other equity or ownership interests of Holdings or any of its Subsidiaries. No share capital or other equity or ownership interests of Holdings or
any of its Subsidiaries have been issued in material violation of any rights, agreements, arrangements or commitments under any provision of applicable Law, the Organizational Documents of Holdings or any of its Subsidiaries or any Contract to which
Holdings or any of its Subsidiaries is a party or by which Holdings or any of its Subsidiaries is bound. There are no voting trusts, proxies or other agreements or understandings with respect to the Equity Securities of Holdings or any of its
Subsidiaries. There are no agreements relating to the registration, sale or transfer (including agreements relating to rights of first refusal, first offer, preemptive rights, co-sale rights or
“drag-along” rights) of any equity interest in Holdings or any of its Subsidiaries.

(d) As of the date hereof, there are
68,101,539 Indiana Common Shares outstanding (excluding shares held by Indiana in treasury).

Section 3.5
. of the Indiana Disclosure Schedules sets forth a true and complete list of each wholly-owned Subsidiary of Holdings as of the date hereof, including its jurisdiction of incorporation or
formation. Except for Holdings or any of its wholly-owned Subsidiaries or as otherwise listed in of the Indiana Disclosure Schedules, no other Person owns, directly or indirectly, any equity, membership
interest, partnership interest, joint venture interest, or other equity or voting interest in, or any interest convertible into,

A-25

exercisable or exchangeable for any such equity, membership interest, partnership interest, joint venture interest, or other equity or voting interest in, nor is it under any obligation to make
any capital contribution or other material equity investment in, any Subsidiary of Holdings. Each Subsidiary of Holdings (a) is duly organized, validly existing and, to the extent applicable, in good standing (or its equivalent) under the Laws
of the jurisdiction of its organization, formation or incorporation, (b) has all necessary corporate power and authority to own, lease and operate its