Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 525

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 525
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 management or other employees who have a significant role in Indiana’s internal control over financial reporting. There are no “significant
deficiencies” or “material weaknesses” in the design or operation of Indiana’s internal controls and procedures that would reasonably be expected to adversely affect Indiana’s ability to record, process, summarize and report
financial data. As of the date hereof, there are no formal internal investigations or, to the knowledge of Indiana, any Actions by Governmental Authorities that are pending or threatened in writing, in each case under this sentence, relating to any
accounting practices of Indiana or any of its Subsidiaries. Since the Reference Date, none of Indiana, its Subsidiaries or, to the knowledge of Indiana, any of their respective Representatives has received any bona fide material complaint,
allegation, assertion or claim, whether written or oral, relating to the accounting or auditing practices, procedures, methodologies or methods of Indiana or any of its Subsidiaries or their respective internal accounting controls, including any
bona fide material complaint, allegation, assertion or claim, whether written or oral, that Indiana or any of its Subsidiaries has engaged in questionable accounting or auditing practices.

(c) Except as and to the extent adequately accrued or reserved against in the Indiana Balance Sheet, neither Indiana nor any of its
Subsidiaries has any Liability of any nature, whether accrued, absolute, contingent or otherwise, whether known or unknown and whether or not required by Applicable Accounting Principles to be reflected in the consolidated balance sheet of Indiana
and its Subsidiaries or disclosed in the notes thereto, except for (i) Liabilities incurred in the ordinary course of business since the date of the Indiana Balance Sheet, (ii) executory obligations under any Contract,
(iii) Liabilities incurred in connection with this Agreement or the Transactions or (iv) Liabilities that would not, individually or in the aggregate, reasonably be expected to have an Indiana Material Adverse Effect.

Section 3.8 . Since the date of the Indiana Balance Sheet to the
date hereof, (a) there has not been any change, event or development or prospective change, event or development that, individually or in the aggregate, has had or would reasonably be expected to have an Indiana Material Adverse Effect and
(b) Indiana and its Subsidiaries have operated their respective businesses in the ordinary course of business in all material respects. Other than the Chapter 11 Cases, there are no insolvency or reorganization