Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 497

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 497
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 , that (i) concurrently with such request, Indiana shall have delivered
to Saturn a statement (the “”) setting forth (A) the aggregate amount of the Equity Award Payout, (B) an allocation the Equity Award Payout to each holder of Indiana RSUs and Indiana PSUs
(specifically identifying any withholding Tax with respect thereto), and (C) wire instructions and any other information reasonably requested by Saturn to enable Saturn to effect such payment and issue any corresponding Tax forms; and
(ii) prior to any such payment by or on behalf of Saturn, Indiana shall have transmitted, by wire transfer of immediately available funds to an account or accounts designated in writing by Saturn, the amount of the Equity Award Payout. Saturn
shall, or shall cause Holdings or its applicable Subsidiary to, effect any such payment promptly, but in any event no less than five Business Days, following Saturn’s receipt of the information and funds contemplated by the foregoing proviso.
If Indiana requests any payment of an Equity Award Payout to be made at or promptly following the Closing sufficiently in advance of Closing, Saturn shall deposit such Equity Award Payout directly with Holdings, and the amount of Transaction
Consideration payable pursuant to shall be correspondingly reduced. Notwithstanding anything herein to the contrary, Saturn shall (x) have no obligation under this
other than effecting payment of any Equity Award Payout through payroll in accordance with the corresponding Equity Payout Statement (subject to receipt of the required funds and information), (y) be entitled to conclusively rely on any Equity
Payout Statement, and (z) have no liability whatsoever to any holder of Indiana RSUs or Indiana PSUs (including with respect to errors in the Equity Payout Statement), with any such liability being solely an Excluded Liability. Notwithstanding
anything herein to the contrary, the aggregate amount required to be withheld in respect of Taxes in respect of the Transaction Consideration payable pursuant to this shall be applied on a pro rata basis
as between Transaction Consideration provided in the form of CVRs and Transaction Consideration provided in the form of cash, with the number of CVRs to be withheld being determined (to the extent in accordance with applicable Law as determined by
Saturn) based on the “Fair Market Value” (within the meaning of the Indiana Equity Plan and substituting CVR for “Common Stock” in the definition therein and as delivered in writing (with related supporting documentation) by
Indiana to Saturn prior to the Closing) of a CVR