Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 468

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 468
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 or any of its Subsidiaries is a party or by which Holdings or any of its Subsidiaries is bound. There are no voting trusts, proxies or other agreements or understandings with respect to the Equity Securities of Holdings or any of its
Subsidiaries. There are no agreements relating to the registration, sale or transfer (including agreements relating to rights of first refusal, first offer, preemptive rights, co-sale rights or
“drag-along” rights) of any equity interest in Holdings or any of its Subsidiaries.

(d) As of the date hereof, there are
68,101,539 Indiana Common Shares outstanding (excluding shares held by Indiana in treasury).

Section 3.5
. of the Indiana Disclosure Schedules sets forth a true and complete list of each wholly-owned Subsidiary of Holdings as of the date hereof, including its jurisdiction of incorporation or
formation. Except for Holdings or any of its wholly-owned Subsidiaries or as otherwise listed in of the Indiana Disclosure Schedules, no other Person owns, directly or indirectly, any equity, membership
interest, partnership interest, joint venture interest, or other equity or voting interest in, or any interest convertible into,

A-25

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

exercisable or exchangeable for any such equity, membership interest, partnership interest, joint venture interest, or other equity or voting interest in, nor is it under any obligation to make
any capital contribution or other material equity investment in, any Subsidiary of Holdings. Each Subsidiary of Holdings (a) is duly organized, validly existing and, to the extent applicable, in good standing (or its equivalent) under the Laws
of the jurisdiction of its organization, formation or incorporation, (b) has all necessary corporate power and authority to own, lease and operate its properties and to carry on its business as it is now being conducted and (c) is duly
qualified or licensed as a foreign corporation or other legal Entity (as the case may be) to do business, and is in good standing (or its equivalent), in each jurisdiction where the character of the properties and assets occupied, owned, leased or
operated by it or the nature of its business makes such qualification or licensing necessary, except, in each case, as would not, individually or in the aggregate, reasonably be expected to have an Indiana Material Adverse