Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 578

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 578
---
) to settle or terminate, by means of a cash payment, dividend, capital contribution, any combination of the foregoing or otherwise, any and all intercompany
receivables, payables, loans and balances between Indiana, on the one hand, and Holdings or any of its Subsidiaries, on the other hand (“Intercompany Accounts”), or (b) to assign or transfer the portion of any such Intercompany Accounts
held by Indiana to Holdings or any of its Subsidiaries (or as of the Closing, Saturn or any of its Subsidiaries) in each case as of prior to the Closing in a manner that would not result in (i) any Liabilities of Holdings or any of its
Subsidiaries (including any such Liabilities owing from Holdings or any of its Subsidiaries to Indiana) prior to, as of or after the Closing, other than Liabilities solely among Holdings and its Subsidiaries, or (ii) any Cash payment paid to
Indiana that is not remitted to Holdings pursuant to of this or .

Section 5.24 .

(a) This Agreement shall not constitute an agreement to transfer, and Indiana shall not be required to transfer to Saturn, Holdings or any of
their respective Subsidiaries, any Transferred Contract for which the

A-67

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

Consent of the counterparty thereto is required for such transfer pursuant to the terms thereof in connection with the transactions contemplated hereby and for which consent is not obtained prior
to the Closing (any such Contract, the “”).

(b) With respect to any Consent Required Contract,
if and to the extent permitted under, and subject to the terms of, such Consent Required Contract, and subject to applicable Law, Indiana and Saturn shall use commercially reasonable efforts to enter into, as of the Closing, a mutually agreeable
arrangement under which (i) Saturn would obtain, through a subcontracting, sublicensing or subleasing arrangement or otherwise, the claims, rights and benefits of Indiana under such Consent Required Contract, (ii) Saturn would assume all
Liabilities of Indiana under such Consent Required Contract and agree to perform and discharge all such Liabilities and (iii) Indiana would enforce, at Saturn’s sole cost and expense and at the reasonable request of and for the benefit of
Saturn, all claims, rights and benefits of Indiana against any third party thereto arising from