Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 541

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 541
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, except as required by Applicable Accounting Principles;

(xvi) except in the
ordinary course of business consistent with past practice, (A) make, revoke or modify any material Tax election, (B) settle or compromise any material Tax Liability, (C) amend any material Return or fail to file any material Return,
(D) consent to any extension or waiver of the limitation period applicable to any material Tax claim or assessment, (E) change any Tax accounting period or any method of Tax accounting, (F) enter into any voluntary disclosure
agreement or program with any Governmental Authority, (G) settle, compromise, concede or abandon any material Tax claim or assessment, (H) surrender any right to claim a refund of material Taxes, (I) enter into any Tax sharing
agreement, Tax indemnity agreement, Tax allocation agreement or any other similar arrangement or agreement relating to Taxes, (J) incur any material Tax or (K) enter into an arrangement subject to a reporting obligation within the scope of
the Council Directive of 25 May 2018 (2018/822/EU) amending Directive 2011/16/EU as regards to the mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements and any regulation
or law relating to, implementing or having similar effect to it in any relevant jurisdiction;

A-46

(xvii) take any action which would change its residence for Tax purposes,
including changing its country of organization or incorporation;

(xviii) abandon, assign to a third party, waive or permit
the 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