Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 492

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 492
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 the per share cash consideration determined to be distributable to Indiana Shareholders by the
Liquidator; and (B) a number of CVRs equal to the number of Indiana Common Shares subject to such Indiana MC PSU immediately prior to the Closing after giving effect to the consummation of the Transaction and (ii) each Indiana PSU that is
not an Indiana MC PSU 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, (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 PSU immediately prior to the
Closing based on the attainment of the greater of the (x) target or (y) actual level of performance (as set forth in the applicable award document), as measured

A-21

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

immediately prior to the Closing by the Indiana Board or a committee thereof, (2) the per share cash consideration determined to be distributable to Indiana Shareholders
by the Liquidator; and (B) a number of CVRs equal to the number of Indiana Common Shares subject to such Indiana PSU immediately prior to the Closing based on the attainment of the greater of the (x) target or (y) actual level of
performance (as set forth in the applicable award document), as measured immediately prior to the Closing by the Indiana Board or a committee thereof.

(c) Prior to the Closing, Indiana shall take all action reasonably necessary to provide for the treatment of the Indiana RSUs and Indiana PSUs
under this , subject to any adjustment following the Closing as may be required in connection with the Liquidation. Indiana shall ensure that, as of the Closing, no holder of an Indiana RSU or Indiana PSU (or
former holder of an Indiana RSU or Indiana PSU) or a participant in the Indiana Equity Plan shall have any rights thereunder to acquire, or other rights in respect of, the share capital of Indiana, Saturn or any of their Subsidiaries, or any other
equity or equity-linked interest therein (including “phantom” shares or share appreciation rights), other than any additional cash consideration in respect of such Indiana RSUs and Indiana PSUs in connection with the Liquidation.

(d) At any