Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 527

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 527
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 or commission in connection with the Transactions based
upon arrangements made by or on behalf of Indiana or any of its Subsidiaries.

Section 3.30 . The Indiana Board has received the opinion of the Indiana Financial Advisor to the effect that, as of the date of such opinion, and based upon and subject to, among other things, the various assumptions made, procedures
followed, matters considered, and conditions, qualifications and limitations on the review undertaken by the Indiana Financial Advisor in connection with the opinion, the Closing Cash Consideration to be received pursuant to, and in accordance with,
the terms of this Agreement by Indiana is fair, from a financial point of view, to Indiana.

Section 3.31
. Each of the Legacy CVR Agreements has been terminated in accordance with its terms and all obligations thereunder have been satisfied in accordance with the terms thereof.

Section 3.32 . Other than the Transferred Shares, the Transferred Assets and the Excluded
Assets, Indiana does not own or lease any assets, properties, rights or interests related to Indiana’s and its Subsidiaries’ respective businesses.

A-40

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF SATURN

Except as set forth in the corresponding sections or subsections of the disclosure schedules delivered by Saturn to Indiana immediately prior
to the execution hereof (collectively, the “” and, together with the Indiana Disclosure Schedules, the “”) and subject to ,
Saturn hereby represents and warrants to Indiana as follows:

Section 4.1 . Saturn (i) is duly organized and validly existing under the Laws of the Grand Duchy of Luxembourg, (ii) has all necessary corporate power and authority to own, lease and operate its properties and to carry on its
respective businesses as such is now being conducted and (iii) 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 the case of clause (iii), for any such failure to be so
qualified or licensed that would not, individually or in the aggregate, reasonably be expected to prevent or materially impede, interfere with or delay the