Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 465

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 465
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” shall have the meaning set forth in the New CVR
Agreement.

“” means Indiana Applicable Spectrum and Saturn Applicable Spectrum, as applicable.

“” means, if an Applicable Order is adopted, enacted or promulgated after the
date hereof and prior to Closing and results in Saturn or any of its Subsidiaries receiving Net Proceeds prior to Closing, an amount equal to 42.5% of such Net Proceeds.

A-2

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

“” means, collectively, (a) all Liabilities of
Indiana arising or incurred prior to or at, or relating to any period ending prior to or at, the Closing, including all Liabilities of Indiana arising from or related to (i) Indiana’s ownership of the Transferred Shares or the Transferred
Assets or the operation of Indiana’s and its Subsidiaries’ respective businesses prior to the Closing, including the Liabilities of Indiana set forth on of the Indiana Disclosure
Schedules or (ii) the Transferred Assets, (b) the Transaction Expenses (excluding any Liquidation Expenses incurred from and after the Closing), (c) the Continuing Indiana Support Obligations, (d) the Retention Plan, (e) the
Assumed Severance Obligations and (f) Taxes imposed on Indiana for a taxable period (or portion thereof) ending on or before the Closing Date; that the Assumed Liabilities shall not include the Excluded Liabilities.

“” means the executed bridge facility agreement, dated as of the date hereof, from the Debt
Financing Sources party thereto, including all exhibits, schedules and annexes thereto as the same may be amended, supplemented or otherwise modified, waived or replaced from time to time, pursuant to which, and subject to the terms and conditions
of which, the Debt Financing Sources have committed, on a several but not joint basis, to provide the debt financing in the amounts set forth therein to Saturn for the purpose of funding the transactions contemplated by this Agreement (such debt
financing, the “”).

“” means any day that is not a Saturday, a Sunday or
other day on which banks are required by applicable Law to be closed in New York, New York or the Grand Duchy of Luxembourg.

“” means, with respect to any Person, at any specified time, the amount of cash and cash equivalents of such Person