Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 639

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 639
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 Covered Indiana Shares (or to direct how such Covered Indiana Shares shall be voted) in such Shareholder’s sole discretion on matters other than the Supported Matters. Each Shareholder hereby affirms that the proxy set forth in this Section 2.2is given in connection with the execution of the Purchase Agreement, and that such proxy is given to secure the performance of the duties of such Shareholder under this Agreement. Each Shareholder hereby further affirms that the irrevocable proxy is coupled with an interest in consideration of Saturn entering into this Agreement and the Purchase Agreement and incurring certain related fees and expenses, and is intended to be, and is, irrevocable until the Proxy Termination Date and only after such date (x) will this proxy automatically terminate or (y) may this proxy be revoked by such Shareholder in its discretion in compliance with articles 2003 and 2004 of the Luxembourg Civil code. Each Shareholder shall execute such other instruments as may be necessary for Saturn to exercise this proxy, and shall provide to Saturn copies of any documents or records (including convening notices) that are reasonably relevant to the exercise of this proxy. This proxy and power of attorney granted by each Shareholder shall revoke any and all prior proxies granted by such Shareholder for the Supported Matters with respect to the Covered Indiana Shares. The power of attorney granted by each Shareholder herein is a durable power of attorney and shall survive the bankruptcy, death, or incapacity of such Shareholder.

| 3 | Bracketed language is only included in the PIMCO Funds Support Agreement. |

C-4

ARTICLE III OTHER COVENANTS Section 3.1 No Solicitation. During the Term, each Shareholder shall not, and shall cause its Controlled Affiliates and its and their respective Representatives (in their capacity acting on behalf of such Shareholder or Controlled Affiliate) not to, directly or indirectly, (a) solicit, initiate, knowingly encourage or facilitate, or accept any proposal or offer that constitutes, or would reasonably be expected to lead to, an Acquisition Proposal or (b) participate in any third-party discussions, conversations, negotiations or other communications regarding, or furnish to any other Person any non-publicinformation with respect to any proposal that constitutes, or would reasonably be expected to lead to, an Acquisition Proposal; providedthat, for the avoidance of doubt, the foregoing shall not restrict a Shareholder from providing information pursuant to ordinary course reporting or information requests to its current and potential investors and financing sources, in each case,