Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 674

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 674
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 of Indiana Warrants as is necessary solely to satisfy any tax withholding obligations associated with such exercise; and (vii) to any Person; provided, however, that (x) prior to the time at which the Indiana Shareholder Approval is obtained, such Transfer is not to any satellite operator listed on Exhibit Cor any of its Affiliates, and (y) at any time, (1) such Transfer is made in accordance with the requirements for Transfer set forth in Section 4(a)and Sections 4(d)of the Indiana Shareholders’ Agreement (without any waiver of such restrictions that may be permitted thereunder) and (2) prior to and as a condition to the effectiveness of such Transfer, each Person to which any of such Covered Indiana Shares or any interest in any of such Covered Indiana Shares is Transferred shall have executed and delivered to Saturn a Joinder pursuant to which such Person shall be bound by all of the terms and provisions hereof (including, but not limited, to Section 2.2). (b) The Shareholders shall notify Saturn in writing (email to suffice) no later than 2 Business Days following any Transfer, which notice shall specify the number of Covered Indiana Shares subject to the Transfer, the date of such Transfer, and the applicable provisions of Section 3.3(a)under which such Transfer is being or was effectuated. (c) Any Transfer or attempted Transfer of any Covered Indiana Shares or voting rights with respect thereto in violation of Section 3.3(a)shall, to the fullest extent permitted by Law, be null and void ab initio, and

| 5 | Bracketed language is only included in the PIMCO Funds Support Agreement. |

C-6

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

shall not be registered in the share register of Indiana nor otherwise be enforceable against Indiana. For the avoidance of doubt, no Transfer of Covered Indiana Shares shall relieve any
Shareholder of its obligations under and so long as such Shareholder remains entitled to vote such Covered Indiana Shares thereon, unless the record date for the Indiana
Shareholders’ Meeting shall have been set to a date on or after the date of such Transfer.

Section 3.4 .

(a) Each Shareholder, solely in its capacity as a Shareholder, shall not, and shall cause its Representatives acting as
its direction or knowing encouragement not to, make any press release, public announcement or other public