Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 609

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 609
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 the transactions contemplated by the Purchase Agreement, the CVR
Issuer and Rights Agent agree, for the equal and proportionate benefit of the holders of CVRs (collectively, the “”), as follows:

ARTICLE I

DEFINITIONS; CERTAIN RULES OF CONSTRUCTION

Section 1.1 . All capitalized terms used in this Agreement without definitions
shall have the respective meanings ascribed to them in the Purchase Agreement. As used in this Agreement, the following terms shall have the following meanings:

“” means any claim, action, suit, inquiry, proceeding, audit or investigation by or before any Governmental Authority,
or any other arbitration, mediation or similar proceeding.

“” means, of any specified Entity, any other Entity
directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Entity. For purposes of this definition, “control,” as used with respect to any Entity, means the possession, directly or
indirectly, of the power to direct or cause the direction of the management or policies of such Entity, whether through the ownership of voting securities, by agreement or otherwise. For purposes of this definition and Agreement, the terms
“controlling,” “controlled by” and “under common control with” have correlative meanings.

“” has the meaning set forth in the Preamble.

“” means, with respect to any Qualified Monetization, an amount equal to forty-two and one-half percent (42.5%) (the “”) of the cumulative Net Proceeds received by the CVR Issuer and its Affiliates between the
date hereof and the Termination Date with respect to such Qualified Monetization. For illustrative purposes only, sets forth a sample calculation of Applicable Consideration.

“” means, as of any date of determination with respect to any Qualified Monetization, all reasonable and
documented fees and expenses incurred (or estimated in good faith to be incurred) by the CVR

B-1

Issuer and its Affiliates in connection with such Qualified Monetization to the extent not actually reimbursed as of such time, including, without duplication, (a) out-of-pocket legal, accounting, consulting and other advisor fees and expenses, (b) Tax Costs, (c) any sums directly attributed to requisite satellite costs (including launch and
insurance), network costs and customer relocation costs (including cost of capital and interest costs) and (d) any transition costs incurred by the CVR Issuer or any of