Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 554

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 554
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, penalty, fee, expense, breakage cost or other payment required to be paid on or prior to the Closing Date with respect to such
Indebtedness) in order to fully discharge all obligations with respect to such Indebtedness (other than expense reimbursement and contingent obligations not then due and payable) and provide wire or other applicable transfer information for such
payment and (ii) state that all Encumbrances and all guarantees in connection therewith relating to the assets and properties of Indiana and its Subsidiaries securing such Indebtedness (if any) shall be, upon the payment of the amount described
in above on the Closing Date, released and terminated. At the Closing, Saturn shall pay or cause to be paid, by wire transfer of immediately available funds, to such creditors or the representative thereof the
amount payable thereto described in above. If the Pre-Closing Notes Purchase is exercised in

A-54

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

respect of all of the outstanding Indiana Notes, then Indiana shall, and shall cause Indiana Jackson to, deliver customary evidence of the redemption of the Indiana Notes on or prior to the
Closing Date.

(d) If (i) a Pre-Closing Notes Repurchase is exercised in respect of some but
not all of the outstanding Indiana Notes or no Pre-Closing Notes Repurchase occurs and (ii) an Investment Grade Event (as defined in the Indiana Notes Indenture) occurs with respect to the Indiana Notes
on or prior to the Closing Date, Indiana and Indiana Jackson shall use reasonable best efforts, no later than three Business Days prior to the Closing Date, to obtain and deliver to Saturn a copy of a draft confirmation letter from the Collateral
Agent (as defined in the Indiana Notes Indenture) (to be executed on the Closing Date if such Investment Grade Event actually occurs on the Closing Date), in customary form and substance reasonably satisfactory to Saturn and the Collateral Agent,
that shall state that all Encumbrances and all guarantees in connection therewith relating to the assets and properties of the Indiana and its Subsidiaries securing the Indiana Notes shall be released and terminated upon the occurrence of an
Investment Grade Event.

(e) If either the Pre-Closing Notes Purchase is exercised in respect of
all of the outstanding Indiana Notes or an Investment Grade Event (as defined in the Indiana Notes Indenture) occurs with respect to the Indiana Notes on or