Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 620

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 620
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 liability for any actions taken or not taken
in connection with this Agreement, except to the extent of its fraud, willful misconduct, or gross negligence.

Section 3.2
. The Rights Agent undertakes to perform such duties and only such duties as are specifically set forth in this Agreement, and no implied covenants or obligations may be read into this Agreement against the
Rights Agent. In addition:

(a) the Rights Agent may rely and shall be protected and held harmless by the CVR Issuer in acting or
refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order or other paper or document reasonably believed by it to be genuine and to have been signed or presented by
the proper party or parties;

(b) whenever the Rights Agent shall deem it desirable that a matter be proved or established prior to
taking, suffering or omitting any action hereunder, the Rights Agent may rely upon an Officer’s Certificate, which certificate shall be full authorization and protection to the Rights Agent, and the Rights Agent shall, in the absence of fraud,
gross negligence or willful misconduct of the Rights Agent or any of its Affiliates, incur no liability to anyone;

(c) the Rights Agent
may consult with, and obtain advice from, legal counsel in the event of any question as to any of the provisions hereof or the duties hereunder, and the Rights Agent shall incur no liability or responsibility to the CVR Issuer or to any Holder for
any action taken, suffered or omitted by it absent gross negligence, willful misconduct, fraud or bad faith (each as determined by a final judgment of a court of competent jurisdiction) in accordance with the opinion or advice of such counsel;

(d) the permissive rights of the Rights Agent to do things enumerated in this Agreement may not be construed as a duty;

(e) the Rights Agent shall not be required to give any note or surety in respect of the execution of such powers or otherwise in respect of
the premises;

(f) the Rights Agent shall not be liable for or by reason of, and shall be held harmless by the CVR Issuer with respect to,
any of the statements of fact or recitals contained in this Agreement or be required to verify the same, but all such statements and recitals are and shall be deemed to have been made by the CVR Issuer only;

(g) the Rights Agent shall have no liability and shall be held harmless by the CVR Issuer