Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 534

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 534
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A-60

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

(b) At the Closing, Saturn, at its sole cost and expense, shall obtain prepaid non-cancelable “tail” insurance policy(ies) that provides the Pre-Closing Indemnified Persons with directors’ and officers’ liability insurance
(“”) in an amount and on terms at least as favorable as Indiana’s existing policies maintained in respect thereof as of immediately prior to the Closing, for a period ending no earlier than the Tail Period;
, , that in no event shall the aggregate cost of the D&O Insurance exceed during the Tail Period 350% of the current aggregate annual premium (the “”) paid by Indiana for such purpose
(which current aggregate annual premium is hereby represented and warranted by Indiana to be as set forth in of the Indiana Disclosure Schedules); that if the D&O Insurance is not
available, or not available for a cost not exceeding the Maximum Amount, Saturn shall obtain such “tail” insurance with the most advantageous coverage for the Maximum Amount. The “tail” insurance shall include, subject to the
limitations set forth in the preceding sentence, wind down coverage for any claims or other matters arising out of the conduct of insureds in connection with the Liquidation on terms and conditions reasonably acceptable to Indiana. Notwithstanding
anything contrary contained herein (but without derogation of any obligations under this ), Saturn shall be entitled to pursue such a “tail” policy that contains an express waiver of subrogation in
respect of claims for indemnification with respect to Excluded Liabilities.

(c) The provisions of this
(i) shall survive consummation of the Transactions, (ii) are intended to be for the benefit of, and shall be enforceable by, each Pre-Closing Indemnified Person, each of which is an express
third-party beneficiary of this which Indiana accepts on their behalf and (iii) are in addition to, and not in substitution for, any other rights to indemnification or contribution that any such Person may
have by contract or otherwise.

(d) If Saturn or any of its successors or assigns shall (i) consolidate with or merge into any other
Person and shall not be the continuing or surviving Entity of such consolidation or merger or (ii) transfer all or substantially all of its properties and assets to any Person, then, and in each such case, proper provisions shall be made so
that the successors and assigns of Saturn