Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 554

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 554
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 in the Bridge Facility Agreement have not been withdrawn, terminated, repudiated, reduced or rescinded, and, to the knowledge of Saturn, no such withdrawal, termination, repudiation or rescission is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 the Debt Financing under the Bridge Facility Agreement will not be
made available to Saturn at or prior to the Closing Date.

(d) As of the date of this Agreement, other than the Bridge Facility Agreement
and fee letter(s) related thereto, there are no side letters, arrangements or understandings or other agreements entered into by Saturn that would adversely affect the amount, timing, conditionality or availability of the Debt Financing committed to
be provided under the Bridge Facility Agreement. Saturn will have on the Closing Date, sufficient cash, available lines of credit or other sources of immediately available funds that will enable it to pay the Closing Cash Consideration and all other
amounts required to be paid by Saturn on the Closing Date, including, if a Notes Repurchase Notice is delivered, any Pre-Closing Notes Repurchase. All fees required to be paid under the Bridge Facility
Agreement prior to the date hereof have been paid in full.

Section 4.6 . No broker,
investment banker, financial advisor or other Person, other than Guggenheim Securities, LLC, Morgan Stanley & Co. LLC and Goldman Sachs Group Inc., the fees and expenses of which