Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 459

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 459
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, Saturn shall deliver to Indiana at least four Business Days prior to the

A-20

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

Closing a statement reflecting Saturn’s calculation of Applicable Spectrum Additional Consideration in accordance with the provisions set forth in ,
applied mutatis mutandis.

(c) . To the extent any Applicable Indiana Spectrum Proceeds
are distributed to the Indiana Shareholders prior to the Closing, Indiana shall deliver to Saturn at least four Business Days prior to date of such distribution a statement reflecting Indiana’s calculation of Applicable Indiana Spectrum
Proceeds in accordance with the provisions set forth in , applied mutatis mutandis.

(d)
. At the Closing, Saturn shall (i) pay to Indiana an aggregate amount in cash equal to (A) the Closing Cash Consideration (B) the Applicable Spectrum Additional Consideration,
solely to the extent any such Applicable Spectrum Additional Consideration exists as of immediately prior to Closing, by wire transfer of immediately available funds in accordance with the applicable wiring instructions set forth in the Estimated
Payment Statement and (ii) 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