Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 489

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 489
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 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

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 Closing, by wire transfer of immediately available funds in accordance with the applicable wiring instructions set forth in the Estimated
Payment Statement and (ii) issue to Indiana the CVR Consideration pursuant to the terms of the New CVR Agreement.

(e) . If requested in writing by Indiana prior to or concurrently with the delivery of the Estimated Payment Statement in accordance with , at the Closing, Saturn shall pay, or cause to be
paid, to the parties designated in the Payment Statement all Transaction Expenses incurred by Indiana and its Subsidiaries and not paid prior to the Closing, by wire transfer of immediately available funds in accordance with the wiring instructions
set forth in the Estimated Payment Statement; that payment of Employee Transaction Payments shall be made utilizing the applicable payroll or accounting system.

(f) . Prior to the Closing, Indiana shall use reasonable best efforts to transfer all Cash of Indiana to a Holdings’ bank
account; that any Cash not so transferred will