Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 539

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 539
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 lapse (other than with respect to Patents expiring at the end of the statutory term therefor) of any material Indiana Owned Intellectual Property or any other material intangible asset used in the business of Indiana or any of its Subsidiaries;

(xix) compromise or settle any Action, other than compromises, settlements or agreements that involve only the payment of
money damages where the amount paid or received is less than $5,000,000 individually or $20,000,000 in the aggregate in excess of available insurance proceeds for such compromise, settlement or agreement, and that do not result in any restriction on
future activity or conduct of, or the admission of wrongdoing by, Indiana or any of its Subsidiaries;

(xx) change its
fiscal year;

(xxi) enter into any new material line of business that does not relate to, or is not adjacent to, the
satellite services industry (including the sale, license or other distribution of satellite capacity) or the telecommunications industry; or

(xxii) authorize any of, or commit, resolve or agree to take any of, 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 Subsidi