Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 504

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 504
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C) to materially modify, change or terminate any Indiana Plan, other than with respect to a material modification, change or termination required by ERISA or the Code.

(c) None of the Indiana Plans referred to in is a defined benefit pension plan or multiemployer
plan within the meaning of Section 3(37) or 4001(a)(3) of ERISA (a “”) or a single employer pension plan within the meaning of Section 4001(a)(15) of ERISA for which Indiana or any of its Subsidiaries
could incur Liability under Section 4063 or 4064 of ERISA (a “”) or a plan defined in Section 413(c) of the Code.

A-28

(d) No Indiana Plan or other arrangement exists that, as a result of the execution hereof,
the Indiana Shareholder Approval or the Acquisition (whether alone or in connection with any other event(s)) could, (i) entitle any current or former employee, director, officer or independent contractor of Indiana or any of its Subsidiaries to
severance pay, unemployment compensation or any other payment or benefit, except as may be required by applicable Law, (ii) accelerate the time of payment or vesting, or increase the amount of compensation or benefit due to any current or
former employee, director, officer or independent contractor of Indiana or any of its Subsidiaries, or (iii) directly or indirectly require Indiana to transfer or set aside any assets to fund any benefits under any Indiana Plan.

(e) No Indiana Plan provides for or promises retiree medical, disability or life insurance benefits to any current or former employee, officer
or director of Indiana or any of its Subsidiaries other than as required under COBRA at the full cost of the plan participant.

(f) Except
as would not reasonably be expected to result in material Liability to Indiana and its Subsidiaries, (i) each Indiana Plan has been operated in all respects in accordance with its terms and the requirements of all applicable Laws, including
ERISA and the Code, and (ii) each of Indiana and its Subsidiaries has performed all obligations required to be performed by it and is not in any respect in default under or in violation under any Indiana Plan, nor does Indiana have any
knowledge of any such default or violation by any other party to any Indiana Plan.

(g) Each Indiana Plan that is intended to be qualified
under Section 401(a) of the Code has received