Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 116

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 116
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, transferring or otherwise conveying (or agreeing to sell, divest or otherwise
convey) any assets, categories, portions or parts of assets or businesses of such party or any of its subsidiaries or the Combined Group and (B) entering into a licensing, hold separate or similar arrangement with respect to its respective
assets or the assets of such Party or any of its subsidiaries or the Combined Group or conduct of business arrangements or terminating any and all existing relationships and contractual rights and obligations of such party or any of its subsidiaries
or the Combined Group; (ii) obtaining the prior approval or other approval from a governmental authority, or submitting a notification or otherwise notifying, a governmental authority, prior to consummating any future transaction (other than
the Transactions); and (iii) taking all other actions (A) as may be required by a governmental authority in order to obtain any consent thereof that is necessary, proper or advisable to consummate the Transactions or (B) necessary to
avoid the entry of, or have vacated, lifted, dissolved, reversed or overturned any, Order that would prevent, prohibit, restrict or otherwise delay the consummation of the Transactions.

However, (1) neither party nor any of its subsidiaries is required to take or cause to be taken, do or cause to be done, negotiate,
commit to, suffer, agree to, consummate or effect any Regulatory Concession that is not conditioned on the occurrence of the Closing, (2) solely with respect to the Required Antitrust Approvals and the Required Telecommunications Approvals,
neither SES nor any of its Subsidiaries is required to take any action (or refrain from taking any action) if the taking of any such action (or omission from taking any action) would reasonably be expected to result in certain burdensome conditions
set forth in SES’s disclosure schedules to the Share Purchase Agreement (each, a “Burdensome Condition”), (3) solely with respect to the Required FDI Approvals and the DCSA Approval, neither SES nor any of its Subsidiaries is required
to take or cause to be taken, do or cause to be done, negotiate, commit to, suffer, agree to and effect any Regulatory Concession that would reasonably be expected to result in a material adverse effect on the business, financial condition or
results of operations of the Combined Group (an “Other Regulatory Burdensome Condition”), (4) neither party nor any of its subsidiaries is required to contest, petition, apply for review of or appeal