Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 494

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 494
---
 update such certificate to reflect any necessary changes arising from such review and discussion ( that any failure to accept any such comments to
the Estimated Payment Statement or the Payment Statement shall not relieve Saturn of its obligations to consummate the Acquisition when required hereunder, except in the case of a failure to correct manifest mathematical errors). The CVR
Consideration will be calculated using the Fully Diluted Share Number as set forth in the Payment Statement, and Saturn shall be entitled to conclusively rely on such Fully Diluted Share Number in calculating the CVR Consideration. Notwithstanding
anything in this Agreement to the contrary, upon issuance of the CVR Consideration to Indiana in accordance with this Agreement, Saturn shall be deemed to have satisfied its obligations with respect to the issuance of the CVR Consideration under
this Agreement and shall have no further obligations to any Person, including any holder of Indiana Equity Securities, with respect to the issuance of CVR Consideration; that the foregoing shall not relieve Saturn of any of its
obligations pursuant to the New CVR Agreement or be construed to modify, waive, impair or amend any of the terms or conditions in the New CVR Agreement.

(b) . To the extent any Applicable Spectrum Additional Consideration will be paid at the
Closing, Saturn shall deliver to Indiana at least four Business Days prior to the

A-20

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