Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 524

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 524
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 violation or default. None of Indiana, any Governmental Authority or any other party to the Indiana FOCI Mitigation Agreement has exercised, or provided written notice of its intent to exercise, any right of termination with respect
thereto. None of Indiana, any Governmental Authority or any other party to the Indiana FOCI Mitigation Agreement has delivered written notice of any material dispute which remains outstanding with respect to the Indiana FOCI Mitigation Agreement.

Section 3.28 . Prior to
the date hereof, Indiana and its Subsidiaries have received 100% of the Indiana Aggregate Phase II C-Band Proceeds from or through the C-Band Relocation Payment
Clearinghouse, other than with respect to the outstanding accounts receivable for expenses described on of the Indiana Disclosure Schedules. Indiana has submitted reimbursement claims with the C-Band Relocation Payment Clearinghouse in accordance with applicable agreements and regulations and, to Indiana’s knowledge, there exist no other material expenses not so submitted with respect to which it
would reasonably be expected that Indiana or any of its Subsidiaries could receive reimbursement from or through the C-Band Relocation Payment Clearinghouse under the applicable agreements and regulations. As
of the date hereof, there is not any pending objection to, reason for denial of or claim of failure to qualify for the receipt in the ordinary course of any Indiana C-Band Reimbursable Expenses from or through
the Indiana C-Band Relocation Payment Clearinghouse, other than any Indiana C-Band Reimbursable Expenses set forth in of the
Indiana Disclosure Schedules.

Section 3.29 . No broker, investment banker, financial
advisor or other Person, other than PJT Partners LP (the “Indiana Financial Advisor”), is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission in connection with the Transactions based
upon arrangements made by or on behalf of Indiana or any of its Subsidiaries.

Section 3.30 . The Indiana Board has received the opinion of the Indiana Financial Advisor to the effect that, as of the date of such opinion, and based upon and subject to, among other things, the various assumptions made, procedures
followed, matters considered, and conditions, qualifications and limitations on the review undertaken by the Indiana Financial Advisor in connection with the opinion, the Closing Cash Consideration to be received pursuant to, and in accordance with,
the terms of this Agreement by Indiana is fair, from a financial point of view,