Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 462

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 462
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 to be made at or promptly following the Closing sufficiently in advance of Closing, Saturn shall deposit such Equity Award Payout directly with Holdings, and the amount of Transaction
Consideration payable pursuant to shall be correspondingly reduced. Notwithstanding anything herein to the contrary, Saturn shall (x) have no obligation under this
other than effecting payment of any Equity Award Payout through payroll in accordance with the corresponding Equity Payout Statement (subject to receipt of the required funds and information), (y) be entitled to conclusively rely on any Equity
Payout Statement, and (z) have no liability whatsoever to any holder of Indiana RSUs or Indiana PSUs (including with respect to errors in the Equity Payout Statement), with any such liability being solely an Excluded Liability. Notwithstanding
anything herein to the contrary, the aggregate amount required to be withheld in respect of Taxes in respect of the Transaction Consideration payable pursuant to this shall be applied on a pro rata basis
as between Transaction Consideration provided in the form of CVRs and Transaction Consideration provided in the form of cash, with the number of CVRs to be withheld being determined (to the extent in accordance with applicable Law as determined by
Saturn) based on the “Fair Market Value” (within the meaning of the Indiana Equity Plan and substituting CVR for “Common Stock” in the definition therein and as delivered in writing (with related supporting documentation) by
Indiana to Saturn prior to the Closing) of a CVR as of the Closing (the “”).

Section 2.6 . Saturn or its Affiliates shall be entitled to deduct and withhold from
any consideration otherwise payable to any Person pursuant hereto such amounts as it is required to deduct and withhold in connection with or with respect to the making of such payment under the Code, or any other provision of applicable Tax Law,
and Saturn and its Affiliates shall take all actions that may be necessary to ensure that any amounts so deducted or withheld are timely remitted to the appropriate Governmental Authority

A-22

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

as required by applicable Tax Law. To the extent that such amounts are so withheld by Saturn or any of its Affiliates, such withheld amounts shall be treated for all purposes of this Agreement as
having been paid to the applicable Person in respect of which such deduction and withholding was made. Saturn acknowledges and confirms that, as of the date hereof,