Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 648

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 648
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 the event of a stock split, reverse stock split, share dividend or distribution, or any change in Indiana Common Shares by reason of any recapitalization, combination, reclassification, exchange of shares or similar transaction, the terms “ Existing Shares” and “ Covered Indiana Shares” shall be deemed to refer to and include all such share dividends and distributions and any Indiana securities into which or for which any or all of such shares may be changed or exchanged or which are received in such transaction. Section 3.3 Lock-Up. (a) During the Term, no Shareholder shall Transfer any Covered Indiana Shares. Notwithstanding the foregoing, such Shareholder may Transfer any or all of its Covered Indiana Shares: (i) to any Affiliate of such Shareholder, including, for the avoidance of doubt, any distribution or transfer to any investment fund, account or other entity managed, advised or sub-advisedby the same manager, adviser or sub-adviserof such Shareholder or any Affiliate thereof or any distributions to partners (general or limited), members, managers, stockholders or other equity holders of any Shareholder; provided,

| 4 | Bracketed language is only included in the PIMCO Funds Support Agreement. |

C-5

however, that, in any such case, 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 to this Agreement in the form attached hereto as Annex I(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); (ii) [any Transfer of less than three and one half percent (3.5%) of the outstanding share capital of Indiana (individually or in the aggregate with all such other Transfers under this clause (ii)) in connection with a margin loan or other similar arrangement; providedthat such Shareholder retains sole voting power over the Covered Indiana Shares subject to such arrangement; (iii) any cash-settled swap or other derivative transaction not settled in Indiana Common Shares involving less than three and one half percent (3.5%) of the outstanding share capital of Indiana (individually or in the aggregate with all such other transactions under this clause (iii)); providedthat such Shareholder retains sole voting power over the Covered Indiana Shares subject to such arrangement; (iv) where a Share