Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 465

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 465
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 the legal, valid and binding obligations of Indiana, enforceable against Indiana in accordance with their respective terms, except as such enforceability (i) may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium and other similar Laws affecting or relating to creditors’ rights generally and (ii) is subject to laws governing specific performance, injunctive relief and other equitable remedies.

(b) (i) The Indiana Board at a meeting duly called and held, adopted resolutions, which resolutions were unanimously approved by the
members of the Indiana Board, (A) determining that the terms of this Agreement, each of the Ancillary Agreements to which Indiana will be a party and the Transactions are in the best interests of Indiana, (B) approving this Agreement, each
of the Ancillary Agreements to which Indiana will be a party and the Transactions, including the Acquisition and (C) resolving to recommend that the Indiana Shareholders approve the Indiana Shareholder Approval Resolutions at the Indiana
Shareholder Meeting (the “”) and (ii) Indiana, in its capacity as the sole shareholder of Holdings, acted by unanimous written consent (the “”) to approve
the transfer of the Transferred Shares to Saturn in accordance with the terms of this Agreement.

Section 3.3 .

(a) The execution, delivery and performance by Indiana of this Agreement and each of the Ancillary Agreements to which it is a party, and the
consummation of the Transactions, do not and will not, (i) conflict with, or result in a violation or breach of, any provision of the Organizational Documents of Indiana or any of its Subsidiaries, (ii) subject to the Filings and Consents
referred to in , conflict with, or result in a violation of, any Law applicable to Indiana or any of its Subsidiaries or by which any of their respective properties or assets may be bound or affected or
(iii) conflict with, result in a violation or breach of, or constitute a default (or an event that, with or without notice or lapse of time or both, would become a default) under, require any consent or approval of any Person pursuant to, or
give rise to others any right of termination, cancellation or acceleration of, or any right of purchase, first offer or forced sale under, or result in the creation of any Encumbrance in or on any property, asset or right of Indiana or any of its
Subsidiaries pursuant to, any Indiana Material Contract