Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 624

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 624
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 (2) years after the CVR Payment Date (or immediately prior to such earlier date on which such CVR Payment Amount would otherwise escheat to or become the property of any Governmental Authority), such CVR
Payment Amount shall, to the extent permitted by applicable Law, become the property of the CVR Issuer, free and clear of all claims or interest of any Person previously entitled thereto.

Section 2.8

(a) Neither the Holders (by virtue of their ownership of the CVRs) nor the CVRs shall have any rights common to shareholders of the CVR
Issuer, including voting and dividend rights. The CVRs shall not represent an equity or ownership interest in the CVR Issuer.

(b)
Interest shall not accrue on any amounts that may be payable to a Holder.

B-10

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

(c) Except as expressly set forth in this Agreement, the CVRs shall not (i) be subject
to any mandatory or optional redemption rights by the Holders or the CVR Issuer, (ii) mature or trigger any right to payment by the Holders in any amount or on any specific date, or (iii) be convertible into or exchangeable for any
security or other interest in the CVR Issuer.

Section 2.9 . A Holder may at any time, at such Holder’s option, abandon all of such Holder’s remaining rights in a CVR by transferring such CVR to the CVR Issuer without consideration therefor and such CVR shall be canceled and shall not be
considered Outstanding for any purposes under this Agreement. Nothing in this Agreement shall prohibit the CVR Issuer or any of its Affiliates from offering to acquire or acquiring any CVRs for consideration from the Holders, in private transactions
or otherwise, in its sole discretion.

ARTICLE III

THE RIGHTS AGENT

Section 3.1 . The Rights Agent shall not have any liability for any actions taken or not taken
in connection with this Agreement, except to the extent of its fraud, willful misconduct, or gross negligence.

Section 3.2
. The Rights Agent undertakes to perform such duties and only such duties as are specifically set forth in this Agreement, and no implied covenants or obligations may be read into this Agreement against the
Rights Agent. In addition:

(a) the Rights Agent may rely and shall be protected and