Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 639

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 639
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 this Agreement);
(j) references from or through any date mean, unless otherwise specified, from and including or through and including, respectively; (k) the words “dollar,” “USD” or “$” shall mean U.S. dollars; (l) the
word “day” means calendar day unless Business Day is expressly specified; (m) the phrase “to the extent” means the degree to which a subject or other thing extends, and shall not mean “if”; and (n) references
herein to “default under,” “violation of” or other expression of similar import shall be deemed to be followed by the phrase “with or without notice or lapse of time, or both,” whether or not so specified. If any action
under this Agreement is required to be done or taken on a day that is not a Business Day, then such action shall be required to be done or taken not on such day but on the first succeeding Business Day thereafter. References to a person are also to
its successors and permitted assigns. Any Law defined or referred to herein means such Law as from time to time amended, modified or supplemented, and includes all rules and regulations promulgated under such Law.

ARTICLE II

CONTINGENT VALUE RIGHTS

Section 2.1 .

(a) The CVRs represent the rights of Holders to receive contingent payments pursuant to this Agreement. It is acknowledged and agreed that the
CVR Issuer, without any further action, has hereby issued to Indiana as the sole Holder an aggregate number of CVRs equal to the Fully Diluted Share Number as of the Effective Date in accordance with the Purchase Agreement.

(b) The parties acknowledge that Indiana intends to distribute the CVRs in the Liquidation to the holders of Indiana Equity Securities (as
defined in the Purchase Agreement) in accordance with the Purchase Agreement,

B-6

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

which distribution shall be permitted under this Agreement subject to . Indiana shall notify the CVR Issuer and the Rights Agent of the effectiveness of the
Liquidation and appropriate instructions to enable the Rights Agent to update the CVR Register to reflect the distribution of the CVRs.

(c) The CVR Issuer hereby appoints [●] as the Rights Agent to act as rights agent for the CVRs in accordance with the instructions
hereinafter set forth in this Agreement, and the Rights Agent hereby accepts such appointment.

Section 2.2