Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 583

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 583
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realized in the applicable taxable period) is intended to have the effect that cash Taxes imposed shall be computed after reduction for any Tax attribute actually used (other than Tax deductions arising from the CVR payments to the CVR Issuer) by
the CVR Issuer or any of its Affiliates to reduce such cash Taxes payable, including net operating losses or Tax credits (and the use of any such Tax attribute shall not itself be considered a Tax Cost) and (b) Tax Costs shall be increased by
any out-of-pocket third-party costs and expenses reasonably attributable to determining the cash Taxes applicable to the receipt of Gross Proceeds by the CVR Issuer or
any of its Affiliates.

B-5

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

“” has the meaning set forth in
.

“” means any sale, pledge, assignment, encumbrance or other transfer or
disposition of any CVR to any other Person, whether directly, indirectly, voluntarily, involuntarily, by operation of law, pursuant to judicial process or otherwise. “Transferred,” “Transfer” used as a verb,
“Transferor” and “Transferee” shall have the correlative meanings. For the avoidance of doubt, the term “Transfer” includes a transfer of Beneficial Interests through DTC.

Section 1.2 . The term “this Agreement” means this Agreement together with all Exhibits hereto, as
the same may from time to time be amended, modified, supplemented or restated in accordance with the terms hereof. The headings herein are inserted for convenience only and shall not affect in any way the meaning or interpretation of this Agreement.
No party hereto, nor its respective counsel, shall be deemed the drafter of this Agreement for purposes of construing or enforcing the provisions hereof, and all provisions of this Agreement shall be construed according to their fair meaning and not
strictly for or against either party hereto, and no presumption or burden of proof will arise favoring or disfavoring any Person by virtue of its authorship of any provision of this Agreement. Unless otherwise indicated to the contrary herein by the
context or use thereof: (a) the words, “herein,” “hereto,” “hereof,” “hereunder” and words of similar import refer to this Agreement as a whole, including the Exhibits, and not to any particular section,
subsection