Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 490

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 490
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 Estimated Payment Statement and the Payment Statement, including responding promptly to any reasonable request for supporting information, (y) consider and discuss in good faith any disagreements raised by Saturn
with respect to the Estimated Payment Statement and the Payment Statement and (z) update such certificate to reflect any necessary changes arising from such review and discussion ( that any failure to accept any such comments to
the Estimated Payment Statement or the Payment Statement shall not relieve Saturn of its obligations to consummate the Acquisition when required hereunder, except in the case of a failure to correct manifest mathematical errors). The CVR
Consideration will be calculated using the Fully Diluted Share Number as set forth in the Payment Statement, and Saturn shall be entitled to conclusively rely on such Fully Diluted Share Number in calculating the CVR Consideration. Notwithstanding
anything in this Agreement to the contrary, upon issuance of the CVR Consideration to Indiana in accordance with this Agreement, Saturn shall be deemed to have satisfied its obligations with respect to the issuance of the CVR Consideration under
this Agreement and shall have no further obligations to any Person, including any holder of Indiana Equity Securities, with respect to the issuance of CVR Consideration; that the foregoing shall not relieve Saturn of any of its
obligations pursuant to the New CVR Agreement or be construed to modify, waive, impair or amend any of the terms or conditions in the New CVR Agreement.

(b) . To the extent any Applicable Spectrum Additional Consideration will be paid at the
Closing, Saturn shall deliver to Indiana at least four Business Days prior to the

A-20

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

Closing a statement reflecting Saturn’s calculation of Applicable Spectrum Additional Consideration in accordance with the provisions set forth in ,
applied mutatis mutandis.

(c) . To the extent any Applicable Indiana Spectrum Proceeds
are distributed to the Indiana Shareholders prior to the Closing, Indiana shall deliver to Saturn at least four Business Days prior to date of such distribution a statement reflecting Indiana’s calculation of Applicable Indiana Spectrum
Proceeds in accordance with the provisions set forth in , applied mutatis mutandis.

(d)
. At the Closing, Saturn shall (i) pay to Indiana an aggregate amount in cash equal to (A) the Closing Cash Consideration (B) the Applicable Spectrum Additional Consideration,
solely to the extent any such Applicable Spectrum Additional Consideration exists as of immediately prior to