Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 497

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 497
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 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 Effect or prevent or
materially impede, interfere with or delay the consummation of the Transactions.

Section 3.6 . Except for the wholly-owned Subsidiaries listed in of the Indiana Disclosure Schedules or as otherwise listed in of the Indiana Disclosure Schedules,
neither Holdings nor any of its wholly-owned Subsidiaries directly or indirectly owns any equity, partnership, membership or similar interest in, or any interest convertible into, exercisable for the purchase of or exchangeable for any such equity,
partnership, membership or similar interest, or is under any current or prospective obligation to provide investment funds to, make any material loan, capital contribution, guarantee, credit enhancement or other material equity investment in any
Person.

Section 3.7 .

(a) Indiana has made available to Saturn true and complete copies of the audited consolidated balance sheet of Indiana and its Subsidiaries as
of December 31, 2023 (the “”), and the related audited consolidated statements of income, comprehensive income, financial position, cash flows and changes in shareholders’ equity of Indiana and its
Subsidiaries, together with all related notes and schedules thereto (collectively, together with the Indiana Balance Sheet, the “”). Each of the Indiana Financial Statements (i) has been prepared in
accordance with the books and records of Indiana and its Subsidiaries, (ii) has been prepared in accordance with Applicable Accounting Principles applied on a consistent basis throughout the periods indicated (except as may be indicated in the
notes thereto) and (iii) presents fairly, in all material respects, the consolidated financial position, results of operations and cash flows of Indiana and its Subsidiaries as of the respective dates thereof and for the respective periods
indicated therein, except as otherwise noted therein. Except as required by Applicable Accounting Principles or applicable Law, since the Reference Date, Indiana has not made or adopted any material change in its accounting methods, practices or
policies. As of the date hereof, Indiana and its Subsidiaries do not have any outstanding Covered Indebtedness,