Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 641

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 641
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 Shareholders have agreed to enter into this Agreement.

NOW, THEREFORE, in consideration of the foregoing and the
representations, warranties, covenants and agreements contained herein, and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, intending to be legally bound hereby, the Parties agree as follows:

ARTICLE I

DEFINITIONS AND INTERPRETATIONS

Section 1.1 . As used herein:

“” means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled by or under
common Control with such Person as of the date on which, or at any time during the period for which, the determination of affiliation is being made (including any investment fund the primary investment advisor to which is such Person or an Affiliate
thereof); that (i) no Shareholder shall be deemed an Affiliate of Indiana, Saturn or any of their respective Subsidiaries, (ii) no Shareholder shall be considered an Affiliate of any other Shareholder or such other
Shareholder’s Affiliates solely by virtue of being Shareholder of

C-1

Indiana or Saturn and (iii) no Shareholder shall be considered an Affiliate of (A) any portfolio company in which investment funds affiliated with such Shareholder Beneficially Own debt or equity securities (and vice versa), (B) any limited partners, non-managingmembers of, or other similar direct or indirect non-managinginvestor in such Shareholder or its investment fund affiliates (and vice versa) or (C) any portfolio company in which any Person that is solely a limited partner, non-managingmember of, or other similar direct or indirect non-managinginvestor in such Shareholder or any of its investment fund affiliates have made a debt or equity investment (and vice versa), and none of the Persons described in the foregoing clauses (A) through (C) shall be considered an Affiliate of each other as a result of such relationships[; provided, further, that with respect to AB CarVal Investors, L.P. or any entity managed by AB CarVal Investors, L.P., the term “Affiliate” shall not include Alliance Bernstein L.P. or any of its subsidiaries or affiliates other than AB CarVal Investors, L.P.] 1 “ Beneficially Own” means “beneficially own” as such term is defined in Rule 13d-3of the rules and regulations under the Exchange Act, and a Person’s beneficial ownership of securities shall be calculated in accordance with