Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 491

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 491
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 applicable award document), as measured

A-21

immediately prior to the Closing by the Indiana Board or a committee thereof, (2) the per share cash consideration determined to be distributable to Indiana Shareholders
by the Liquidator; and (B) a number of CVRs equal to the number of Indiana Common Shares subject to such Indiana PSU immediately prior to the Closing based on the attainment of the greater of the (x) target or (y) actual level of
performance (as set forth in the applicable award document), as measured immediately prior to the Closing by the Indiana Board or a committee thereof.

(c) Prior to the Closing, Indiana shall take all action reasonably necessary to provide for the treatment of the Indiana RSUs and Indiana PSUs
under this , subject to any adjustment following the Closing as may be required in connection with the Liquidation. Indiana shall ensure that, as of the Closing, no holder of an Indiana RSU or Indiana PSU (or
former holder of an Indiana RSU or Indiana PSU) or a participant in the Indiana Equity Plan shall have any rights thereunder to acquire, or other rights in respect of, the share capital of Indiana, Saturn or any of their Subsidiaries, or any other
equity or equity-linked interest therein (including “phantom” shares or share appreciation rights), other than any additional cash consideration in respect of such Indiana RSUs and Indiana PSUs in connection with the Liquidation.

(d) At any time from and after the Closing when a payment of the Transaction Consideration is payable to any holders of Indiana RSUs or
Indiana PSUs (any such payment, an “”), if requested in writing by Indiana, and solely as an administrative convenience, Saturn shall, or shall cause Holdings or its applicable Subsidiary to, make through
Holdings’ or such Subsidiary’s payroll any such Equity Award Payout in accordance with the corresponding Equity Payout Statement; , , 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,