Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 533

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 533
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 such Material Indebtedness Contract in accordance with its terms, or amend, waive, modify or consent to the termination
of any of Indiana’s or such Subsidiary’s material rights thereunder, as applicable or (C) enter into any Contract that, if existing as of the date hereof, would be a Material Indebtedness Contract;

(x) other than in the ordinary course of business, (A) amend, waive, modify or consent to the termination of any Indiana
Material Contract, other than expirations of any such Indiana Material Contract in accordance with its terms, or amend, waive, modify or consent to the termination of any of Indiana’s or such Subsidiary’s material rights thereunder, as
applicable or (B) enter into any Contract that, if existing as of the date hereof, would be an Indiana Material Contract, except (I) solely with respect to any Contract described in , for any
such Contract that is otherwise expressly permitted to be entered into pursuant to or or (II) solely with respect to any Contract described in
, for any such Contract that is in connection with any capital expenditure permitted under ; that such amendment does not result in a Contract
that, if existing as of the date hereof, would be subject to ; , , that this shall not apply to Material Indebtedness Contracts,
which are subject to ;

(xi) other than in the ordinary course of business or
as expressly contemplated by this Agreement, decommission, re-orbit or dispose of any Indiana Satellite(s) with an aggregate value exceeding $50,000,000, other than in the case of (A) a commercial
transaction or (B) operational circumstances, such as necessitated by a major failure, compliance with international standards, a demand by a Governmental Authority requiring immediate action, or a similar requirement beyond Indiana’s
control; that, in each case, except for operational circumstances necessitated by a major failure or similar requirement beyond Indiana’s or such Subsidiary’s control, prior authorization from the applicable Governmental
Authority is obtained for such decommission, re-orbiting or disposal;

(xii)
(A) authorize, or make any commitment with respect to, any capital expenditures set forth in the capital budget of Indiana attached as of the Indiana Disclosure Schedules (the “”) in a manner not reflected in the Indiana Budget, in each case, including by reallocating the amount of any proposed capital expenditure to any other category, line item or time period included