Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 514

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 514
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 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 remain a Transferred Asset and will be paid to Holdings promptly following the Closing.

Section 2.5 .

(a) At the Closing, each Indiana RSU that is outstanding immediately prior to the Closing shall, at the Closing, be automatically cancelled
and converted into the right to receive from Indiana, in connection with the Liquidation, (i) cash (without interest, and subject to deduction for any required withholding Tax) equal to the product of (A) the number of Indiana Common
Shares (inclusive of any accrued dividend equivalents attributable thereon) subject to such Indiana RSU immediately prior to the Closing, (B) the per share cash consideration determined to be distributable to Indiana
Shareholders by the Liquidator and (ii) a number of CVRs equal to the number of Indiana Common Shares subject to such Indiana RSU immediately prior to the Closing.

(b) At the Closing, (i) each Indiana PSU that is an Indiana MC PSU shall vest in accordance with its terms and, at the Closing, be
automatically cancelled and converted into the right to receive from Indiana, in connection with the Liquidation, (A) cash (without interest, and subject to deduction for any required withholding Tax) equal to the product of (1) the number
of Indiana Common Shares (inclusive of any accrued dividend equivalents attributable thereon) subject to such Indiana MC PSU immediately prior to the Closing based on the attainment of the actual level of performance as measured immediately prior to
the Closing by the Indiana Board or a committee thereof after giving effect to the consummation of the Transactions, (2) the per share cash consideration determined to be distributable to Indiana Shareholders by the
Liquidator; and (B) a number of CV