Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 589

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 589
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 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 (whichever is greater) or (ii) lower than the smallest value for such item calculated by the CVR Issuer or the Independent Advisor (whichever
is smaller). Notwithstanding anything to the contrary herein, in no event shall the CVR Issuer be required to engage an Independent Advisor more than once with respect to any Applicable Consideration contemplated by a Payment Certificate. The cost
and expense of the Independent Advisor (the “”) shall be borne fifty percent (50%) by the CVR Issuer and the remaining fifty percent (50%) of the Independent Advisor Costs shall be borne pro rataby the Holders (with such portion of the Independent Advisor Costs to be offset against the amount payable to Holders hereunder). For the avoidance of doubt, in no instance shall any Holder be required to pay for its respective allocation of the
Independent Advisor Costs other than by offset against the amounts payable to such Holder hereunder.

(d) The Payment Certificate, as
modified to incorporate any comments pursuant to the prior paragraph (if applicable), is hereinafter referred to as a “.” Within five (5) Business Days following the completion of any Final Payment
Certificate, the CVR Issuer shall distribute an amount in cash equal to the amount of the Applicable Consideration set forth in such Final Payment Certificate to the Rights Agent, for further distribution to the Holders in