Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 627

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 627
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 effective until a successor Rights Agent has been appointed. The CVR Issuer has the right to remove
the Rights Agent at any time by a Board Resolution specifying a date when such removal shall take effect but no such removal shall become effective until a successor Rights Agent has been appointed. Notice of such removal shall be given by the CVR
Issuer to the Rights Agent, which notice shall be sent at least sixty (60) days prior to the date so specified.

(b) If the Rights
Agent provides notice of its intent to resign, is removed pursuant to or becomes incapable of acting, the CVR Issuer shall, as soon as is reasonably practicable, appoint a qualified successor Rights Agent
who, unless otherwise consented to in writing by the Majority of Holders, shall be a stock transfer agent of national reputation or the corporate trust department of a commercial bank of national reputation. The successor Rights Agent so appointed
shall, forthwith upon its acceptance of such appointment in accordance with , become the successor Rights Agent.

(c) Promptly upon the delivery of any notice of resignation of a Rights Agent, removal of a Rights Agent or appointment of a successor Rights
Agent, the CVR Issuer shall give notice of each such resignation and each such removal of a Rights Agent and each such appointment of a successor Rights Agent by mailing written notice of such event by first-class mail to the Holders as their names
and addresses appear in the CVR Register. Each notice shall include the name and address of the successor Rights Agent. If the CVR Issuer fails to send such notice within fifteen (15) days after acceptance of appointment by a successor Rights
Agent in accordance with , the successor Rights Agent, within fifteen (15) days of such failure, shall cause the notice to be mailed at the expense of the CVR Issuer.

Section 3.4 . Every successor Rights Agent appointed pursuant to
hereunder shall execute, acknowledge and deliver to the CVR Issuer and to the retiring Rights Agent an instrument accepting such appointment and a counterpart of this Agreement, and thereupon such successor
Rights Agent, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Rights Agent. On request of the CVR Issuer or the successor Rights Agent, the retiring Rights Agent shall
execute and deliver an instrument transferring to the successor Rights Agent all the rights, powers and trusts of the retiring Rights Agent.

B-12

ARTICLE IV

COVENANTS

Section