Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 593

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 593
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obligation to pay the applicable Termination Payments) (such costs and expenses, the “”) within two Business Days after the date of such termination.

(iii) In the event that this Agreement is validly terminated by Indiana or Saturn pursuant to
(A) (and such termination does not constitute a Breach Termination) or (B) (and (1) such termination does not constitute a Breach Termination and
(2) at the time of such termination under , any of the conditions to closing set forth in , ,
, , , or (in each case, as relates to any
Required Pre-Closing Regulatory Approval), shall not have been satisfied or waived but all other conditions to Closing shall have been satisfied or waived (or, in the case of those conditions that by their
nature are to be satisfied at the Closing or on the Closing Date, shall be capable of being satisfied on such date)) (any such termination, a “” and, together with a Breach Termination and a Vote
Condition Termination, the “”), then Saturn shall pay to Indiana an amount equal to $250,000,000 (the “” and, together with the Breach Termination Fee and the Vote
Condition Termination Fee, the “”), together with Indiana’s and its Affiliates’ reasonable and documented out-of-pocket costs
and expenses incurred in connection with this Agreement and the Transactions (including fees and expenses of attorneys, accountants, financial advisors and other professionals and the reasonable and documented out-of-pocket expenses incurred in connection with any Action commenced to enforce Saturn’s obligation to pay the applicable Termination Payments) (such costs and expenses, the “” and, collectively with the Breach Termination Fee Expenses and the Vote Condition Termination Fee Expenses, the “”) within two Business Days after the date of such
termination; , , that in no event will Indiana be entitled to the Regulatory Condition Termination Fee or any Regulatory Condition Termination Fee Expenses if (x) the failure of Indiana to fulfill any obligation
under this Agreement or

A-75

(y) the Liquidation shall have been the primary cause of, or shall primarily have resulted in, the failure of the Acquisition to be consummated on or prior to the Outside Date (as may have
been extended) or the issuance of the Order or the taking of the action giving rise to a termination pursuant to .

(iv) If the applicable Party fails to pay the applicable Termination Fee when required to be made pursuant to this
, such Party