Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 559

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 559
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 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 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) (any termination contemplated by the foregoing clauses (A), (B) or (C), a “”), then the
Non-Terminating Party shall pay to the Terminating Party an amount in cash by wire transfer of immediately available funds equal to $300,000,000 (the “”), together with the Terminating Party’s and its
Affiliates’ reasonable and documented out-of-pocket costs and expenses incurred in connection with this Agreement and the Transactions (including fees and expenses of attorneys, accountants, financial advisors and other professionals and the
reasonable and documented out-of-pocket expenses incurred in connection with any Action commenced to enforce the Non-Terminating Party’s obligation to pay the applicable Termination Payments) (such costs and expenses, the “”) within two Business Days after the date of such termination.

(ii) In the event that
this Agreement is validly terminated by Indiana or Saturn pursuant to (a “”), then Indiana shall pay to Saturn an amount in cash by wire transfer of immediately
available funds equal to $300,000,000 (the “”), together with Saturn’s and its Affiliates’ reasonable and documented
out-of-pocket costs and expenses incurred in connection with this Agreement