Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 643

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 643
---
 receive a Dispute Statement within such
ten (10) Business Day period, then the Payment Certificate shall be deemed to be final, binding and conclusive upon each of the Holders and the CVR Issuer. Notwithstanding anything herein to the contrary, the Holders shall have no right to
contest or otherwise dispute the CVR Issuer’s calculation of Tax Costs, or request any information with respect thereto, in each case, absent manifest mathematical error.

(c) A representative of the Disputing Holders (such representative to be identified in the Dispute Statement and selected by Disputing Holders
who hold a majority of all CVRs held by the Disputing Holders), on the one hand, and the CVR Issuer, on the other hand, shall seek in good faith to resolve the Disputed Items for a period of ten (10) Business Days beginning on the date the CVR
Issuer receives the Dispute Statement. If the

B-8

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

representative of the Disputing Holders, on one hand, and the CVR Issuer, on the other hand, are unable to resolve any Disputed Items during such ten (10)-Business Day period, then the CVR Issuer
shall promptly engage an independent third-party financial, accounting, valuation, appraisal or other advisor selected by a majority of the Disputing Holders that is reasonably acceptable to the CVR Issuer (an “”) to conduct a non-binding determination or calculation of the remaining Disputed Items. The CVR Issuer shall use its commercially reasonable efforts to cause the Independent Advisor to make
any such non-binding determinations or calculations as promptly as reasonably practicable, but in any event within thirty (30) days, of its engagement by the CVR Issuer. The CVR Issuer shall consider in
good faith any comments to the Disputed Items in the Payment Certificate based on the determinations and calculations of the Independent Advisor. Notwithstanding anything to the contrary contained herein, the CVR Issuer shall not be required to
make any adjustments to its own determinations as a result of the Independent Advisor’s comments, calculations, or determinations; that, if the CVR Issuer does make any such adjustments, it may not assign a value (i) higher
than the greatest value for any Disputed Item calculated by the CVR Issuer or the Independent Advisor (