Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 645

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 645
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 the earlier of the Termination Date and April 30, 2026 (such date of termination, the “ Proxy Termination Date”), without limiting the obligations of the Shareholders under this Agreement, each Shareholder[, excluding those listed on Exhibit B,] 3hereby irrevocably appoints, as its proxy and attorney-in-fact,Saturn, with full power of substitution and resubstitution, to vote such Shareholder’s Covered Indiana Shares in accordance with Section 2.1: (i) at any meeting of Indiana’s shareholders (including any reconvening, postponement, recess or adjournment thereof) or other circumstance in which the vote or other approval of Indiana shareholders is sought in connection with the Transactions or otherwise in connection with the Supported Matters, and strictly limited only to the resolutions as to which such Supported Matter is to be considered, and (ii) to cause to be convened the Indiana Shareholders’ Meeting to the extent required by Section 2.1(b); provided, however, for the avoidance of doubt, that each Shareholder shall retain at all times the right to vote such Shareholder’s Covered Indiana Shares (or to direct how such Covered Indiana Shares shall be voted) in such Shareholder’s sole discretion on matters other than the Supported Matters. Each Shareholder hereby affirms that the proxy set forth in this Section 2.2is given in connection with the execution of the Purchase Agreement, and that such proxy is given to secure the performance of the duties of such Shareholder under this Agreement. Each Shareholder hereby further affirms that the irrevocable proxy is coupled with an interest in consideration of Saturn entering into this Agreement and the Purchase Agreement and incurring certain related fees and expenses, and is intended to be, and is, irrevocable until the Proxy Termination Date and only after such date (x) will this proxy automatically terminate or (y) may this proxy be revoked by such Shareholder in its discretion in compliance with articles 2003 and 2004 of the Luxembourg Civil code. Each Shareholder shall execute such other instruments as may be necessary for Saturn to exercise this proxy, and shall provide to Saturn copies of any documents or records (including convening notices) that are reasonably relevant to the exercise of this proxy. This proxy and power of attorney granted by each Shareholder shall revoke any and all prior proxies granted by such Shareholder for the Supported Matters with respect to the Covered Indiana Shares. The power of attorney granted by each Shareholder herein is a