Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 550

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 550
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 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 prior to the Closing Date, Indiana shall, and shall cause Indiana Jackson to, deliver forms
of termination, deeds of release, notices, filings or other relevant documentation (including forms of UCC-3 termination statement and terminations for any intellectual property security agreements) evidencing
the release of collateral in United States, Luxembourg, the United Kingdom or any other jurisdiction in which collateral has been granted.

(f) Between the date hereof and the Closing, Indiana shall use commercially reasonable efforts to have released (and deliver to Saturn
customary evidence of release of) the liens set forth on of the Indiana Disclosure Schedules; the failure of Indiana obtain any such release, or all of such releases, shall not give rise to
the failure of a condition precedent set forth in or termination right pursuant to .

Section 5.10 . On and after the date hereof and through the Closing Date, the
Parties shall consult with each other before issuing any press release or otherwise making any public statements with respect to this Agreement or the Transactions, and no Party shall issue any such press release or make any such public statement
prior to obtaining the written approval of Saturn, in the case of Indiana, or the written approval of Indiana, in the case of Saturn, which approval shall not be unreasonably withheld, conditioned or delayed, except that no such prior written
approval shall be necessary (a) to the extent disclosure may be required by applicable Law or any listing agreement of any Party hereto ( that any discretionary communication made by a Party that would trigger such a disclosure
requirement (other than a communication contemplated by below) shall require such prior written approval of the other Parties), (b) to make any Filing in connection with any dispute regarding this Agreement,
any Ancillary Agreement or the Transactions, (c) with respect to a press release or other public statement that is consistent in all material respects with previous press releases or other public statements made in compliance with this
(to the extent such disclosure is still accurate), (d) for any communication by a