Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 613

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 613
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ants or agreements set forth herein or Fraud and (ii) if this Agreement has been terminated (A) by Indiana or Saturn pursuant to a Regulatory Condition Termination and at the time of such
termination Saturn did not have the right to terminate this Agreement under , or , (B) by Indiana or Saturn pursuant to
and, at the time of such termination under , Indiana would have been entitled to terminate this Agreement under or
or (C) by Indiana pursuant to or (assuming that the written confirmation contemplated by the applicable clause (B)
thereof had been provided and the Non-Terminating Party had not consummated the Closing within three Business Days after receipt of such written confirmation), then following such termination Saturn and
Indiana (or their applicable Subsidiaries) shall negotiate in good faith to prepare and execute (or cause its applicable Subsidiary to execute) a commercial agreement between Saturn (or its applicable Subsidiary) and Indiana (or its applicable
Subsidiary), in a form that incorporates the terms and conditions set forth in the Commercial Agreement Term Sheet in all material respects (such agreement, the “”) within thirty (30) days after the date of
such termination; that, solely in the event the Commercial Agreement is not executed prior to such date, (x) Saturn and Indiana shall continue to negotiate in good faith to prepare and execute the Commercial Agreement and
(y) the Commercial Agreement Term Sheet shall be deemed to be binding on the Parties (or their applicable Subsidiaries) and the terms and conditions set forth therein shall govern until such time as such agreement is so executed.

A-74

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

(b) .

(i) In the event that this Agreement is validly terminated by Indiana or Saturn (such terminating Party, the
“” and, such non-terminating Party, the “”) pursuant to (A) or , (B) and, at the time of such termination under
, the Terminating Party would have been entitled to terminate this Agreement under or (assuming that the written confirmation contemplated by the applicable clause (B) thereof had been
provided and the Non-Terminating Party had not consummated the Closing within three Business Days after receipt of such written confirmation) or (C) and, at the time of such termination under , the
Terminating Party would have been entitled to terminate this Agreement under or (assuming that the written confirmation contemplated