Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 499

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 499
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 the status of all conditions precedent to
drawdown of the Debt Financing.

(b) As of the date of this Agreement, the Bridge Facility Agreement (i) is in full force and effect,
(ii) is a valid and binding obligation of Saturn and, to the knowledge of Saturn, the other parties thereto, enforceable against Saturn and, to the knowledge of Saturn, the other parties thereto in accordance with its terms (subject to the
effect of any applicable bankruptcy, insolvency (including all Laws relating to fraudulent transfers), reorganization, moratorium or similar Laws affecting creditors’ rights generally and subject to the effect of general principles of equity
(regardless of whether considered in a proceeding at law or in equity)), (iii) has not been amended, modified, supplemented or restated in any respect and no provisions or rights thereunder have been waived, (iv) no such amendment,
supplement or modification is contemplated by Saturn or, to the knowledge of Saturn, by the other parties thereto (other than any amendment, supplement or modification to add additional lenders, agents, arrangers, bookrunners or similar roles),
(v) the respective commitments contained in the Bridge Facility Agreement have not been withdrawn, terminated, repudiated, reduced or rescinded, and, to the knowledge of Saturn, no such withdrawal, termination, repudiation or rescission is
contemplated (except as would be permitted pursuant to ) or the subject of discussions and (vi) no event has occurred which, with or without notice, lapse of time or both, would constitute a Major
Default (as defined in the Bridge Facility Agreement), under the terms and conditions of the Bridge Facility Agreement or which would otherwise enable the Debt Financing Sources to refuse to fund any portion of the loans or any other utilization
under the Bridge Facility Agreement at Closing.

(c) Except as expressly set forth in the Bridge Facility Agreement, there are no
conditions precedent to the obligations of the Debt Financing Sources to provide the full amount of Debt Financing committed to be

A-42

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

provided under the Bridge Facility Agreement on the Closing Date, and Saturn has no reason to believe that (i) it or any other party thereto will not be able to satisfy on a timely basis any
term or condition of the Bridge Facility Agreement, including any condition to the funding of the Debt Financing under the Bridge Facility Agreement, or (ii) the full amount of