Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 610

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 610
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 the management policies of such Affiliate, whether through the ownership of voting securities, by contract or otherwise. “ Covered Indiana Shares” means, with respect to each Shareholder, (a) any Existing Shares Beneficially Owned by such Shareholder and (b) any Indiana Common Shares or other voting securities of Indiana of which such Shareholder acquires Beneficial Ownership after the date hereof, including by purchase, as a result of a stock dividend, stock split, recapitalization, combination, reclassification, exchange or change of such securities, or upon exercise or conversion of any securities, in each case, during the Term (as defined below); provided, however, [that (x) Covered Indiana Shares shall not include any Indiana securities over which the existing investment manager, adviser or sub-adviserto each Shareholder as of the date hereof (the “ Legacy Indiana Adviser”) or any investment manager, adviser or sub-adviserAffiliated with the Legacy Indiana Adviser has no investment discretion or control and (y) if a Shareholder is a separately managed fund or account, this Agreement shall only apply to Indiana Common Shares or other voting securities of Indiana in such fund or account as managed, advised or sub-advisedby the Legacy Indiana Adviser (or any Controlled Affiliate thereof) and shall not apply to such Indiana Common Shares or other voting securities of Indiana Beneficially Owned by a Person in any other capacity as to which the Legacy Indiana Adviser or a Controlled Affiliate thereof does not have any investment discretion or control (clause (x) and clause (y), collectively, the “ Share Exceptions”); and provided further,] 2that Covered Indiana Shares Beneficially Owned by any Shareholder shall not include any Indiana securities that such Shareholder Transfers to an unaffiliated third party following the date of this Agreement in compliance with Section 3.3( providedthat such Covered Indiana Shares shall continue to be subject to this Agreement with respect to such third party). “ Indiana Shareholders ’ Agreement” means that certain Shareholders Agreement, dated as of February 23, 2022, by and among Indiana and certain Indiana Shareholders. “ Law” means any statute, law, ordinance, regulation, rule, code, executive order, constitution, treaty, common law, injunction, judgment, decree, Order or other requirement or rule of law of any governmental authority.

| 1 | Bracketed language is only included in the CarVal Shareholders Support Agreement. |

| 2 | Bracketed language is only included in the