Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 535

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 535
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, the foregoing actions.

(c) During the period prior to the earlier of the Closing or the termination hereof in accordance with its terms, (i) Saturn shall use
its reasonable best efforts to maintain a Cash balance of at least $2,050,000,000, and (ii) except in connection with any Regulatory Concession or to the extent required pursuant to an Applicable Order, Saturn shall not, and shall not permit
any of its Subsidiaries to, effect an Applicable Transfer (as defined in the New CVR Agreement) of any Saturn Applicable Spectrum without Indiana’s prior written consent (which consent shall not be unreasonably withheld, conditioned or
delayed); that Saturn shall not be restricted from granting any future monetization rights (including a contingent value right) to any third party with respect to Applicable Spectrum (which grant shall not constitute an Applicable
Transfer (as defined in the New CVR Agreement)), but any amounts payable following Closing with respect thereto shall not reduce amounts payable pursuant to the New CVR Agreement.

(d) Each Party acknowledges and agrees that (i) nothing herein is intended to give any other Party, directly or indirectly, the right to
control or direct its operations prior to the Closing and (ii) prior to the Closing, each Party shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and its Subsidiaries’
respective operations.

Section 5.2 . Indiana shall, and shall cause its
Subsidiaries to, afford Saturn and its Representatives reasonable access during normal business hours (except to the extent such access is restricted under the National Industrial Security Program or other similar legal or regulatory restrictions)
and upon reasonable prior notice, during the period prior to the Closing or the termination hereof in accordance with its terms, to all of their respective properties, assets, books, contracts, commitments, key personnel and records, including all
such information required to be included in the Registration Statement, in each case, in connection with the consummation of the Acquisition and for post-closing integration purposes; , , that the foregoing shall not
require Indiana or its Subsidiaries to disclose any information (a) to the extent such disclosure would, in its good faith determination, contravene applicable Law or jeopardize any attorney-client or other legal privilege (,
, that, in either case, Indiana shall use its commercially reasonable efforts to communicate the applicable information to Saturn in a way that would not contrav