Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 633

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 633
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 failure to act) would be inconsistent with the exercise of his or her fiduciary duties as a director or officer of Indiana.

Section 7.17 . The Parties acknowledge that obligations arising out of this Agreement are several and
not joint with respect to each Shareholder, in accordance with its proportionate interest hereunder, and the Parties agree not to proceed against any Shareholder for the obligations of another. [To the extent a Shareholder is a registered investment
company (a “Holder Trust”) or a series thereof, a copy of the Declaration of Trust of such Holder Trust is on file with the Secretary of State of The Commonwealth of Massachusetts or Secretary of State of the State of Delaware. The
obligations of or arising out of this Agreement are not binding upon any of such Holder Trust’s trustees, officers, employees, agents or shareholders individually, but are binding solely upon the assets and property of the Holder Trust in
accordance with its proportionate interest hereunder. If this Agreement is executed by or on behalf of a Holder Trust on behalf of one or more series of the Holder Trust (or if one or more series of the Holder Trust is otherwise bound by this
Agreement), the assets and liabilities of each series of the Holder Trust are separate and distinct and the obligations of or arising out of this instrument are binding solely upon the assets or property of the series on whose behalf this Agreement
is

C-15

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 executed (or the series who is bound by this Agreement). If this Agreement is being executed on behalf of more than one series of a Holder Trust (or more than one series of a Holder Trust is otherwise bound by this Agreement), the obligations of each series hereunder shall be several and not joint, in accordance with its proportionate interest hereunder, and the Parties agree not to proceed against any series for the obligations of another. If Holder Bermuda Trust II (the “Bermuda Trust”) is a Shareholder, the obligations of, or arising out of, this Agreement are not binding upon the Bermuda Trust’s trustee, or any officer, director, employee, agent or servant or any other person appointed by the trustee, or unitholders individually, but are binding solely upon the assets and property of the Bermuda Trust in accordance with its proportionate interest hereunder. If this Agreement is executed by or on behalf of the Bermuda Trust on behalf of one or more series of the Bermuda Trust (or