Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 592

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 592
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 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

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

(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 shall also pay to the other Party interest on such Termination Fee from the date such payment was required to be made pursuant to this until the date of
payment at the prime lending rate as published in the Wall Street Journal in effect on the date such payment was required to be made, 500 basis points (such interest, the “” and, together
with the applicable Termination Fee and the applicable Termination Fee Expenses, the “”). The Parties agree that no Termination Fee is a penalty but is liquidated damages in a reasonable amount that will
compensate the applicable Party in circumstances in which such Termination Fee is payable, which amount would otherwise be difficult to calculate with precision