Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 621

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 621
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 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 accordance with
.

(e) The CVR Issuer shall use commercially reasonable efforts to provide the Independent Advisor
such information, cooperation and access as the Independent Advisor may reasonably request in connection with (subject to customary confidentiality restrictions and access letters).

(f) If, after the payment of any Applicable Consideration hereunder, it is determined by the CVR Issuer in good faith that Applicable Expenses
were greater or less than the amount used to determine the Applicable Consideration, any future payments of Applicable Consideration shall be adjusted to take into account such differences (which adjustment shall, subject to the following sentence,
be the sole recourse of the parties with respect to any such deviation). In addition, if the CVR Issuer receives any reimbursement for Applicable Expenses pursuant to an Applicable Order and such reimbursement has not already been taken into account
in the payment of Applicable Consideration, the Holders shall be entitled to their Applicable Percentage of such reimbursed expenses.

Section 2.5 . Within five