Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 642

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 642
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 held thereby. Thereafter, the Rights Agent shall provide periodic written statements (and no less than biannually) to each Direct Owner showing the number of Direct Registration CVRs held thereby.

Section 2.4 .

(a) Within ninety (90) days following the receipt by the CVR Issuer or any of its Affiliates of any Gross Proceeds, the CVR Issuer shall
deliver to the Rights Agent a certificate (a “”) setting forth, in reasonable detail with reasonable supporting information, the CVR Issuer’s calculation of the Applicable Consideration with respect to such
Gross Proceeds, including the CVR Issuer’s calculation of Gross Proceeds, Net Proceeds and Applicable Expenses (and the components thereof). Promptly following the CVR Issuer’s delivery of a Payment Certificate to the Rights Agent (but in
any event within five (5) Business Days thereafter), the Rights Agent shall mail a notice, by email to the email address that appears on the CVR Register or, if no email address appears on the CVR Register, by first class mail to the Holders at
their addresses as they appear on the CVR Register, that includes a copy of such Payment Certificate (a “”). All determinations and calculations with respect to the calculation of any Applicable Consideration in a
Payment Certificate shall be reasonably made by the CVR Issuer in good faith, and such determinations shall be final, binding and conclusive on the Holders, absent manifest mathematical error, subject to the CVR Issuer’s receipt of a Payment
Dispute Statement in accordance with the terms set forth in this .

(b) In the event that Holders
holding CVRs representing at least forty-two and one-half percent (42.5%) of the Outstanding CVRs disagree with any of the determinations or calculations set forth in a
Payment Certificate (such Holders, the “”), the Disputing Holders may, within ten (10) Business Days after receipt by the Disputing Holders of the Payment Notice, deliver written notice to the CVR Issuer and
the Rights Agent (a “”) setting forth in reasonable detail the determinations or calculations (the “”) that the Disputing Holders dispute. Any determinations or calculations not
specifically identified in the Dispute Statement shall be deemed to be final, binding and conclusive upon each of the Holders and the CVR Issuer. In the event that the CVR Issuer and the Rights Agent do not