Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 553

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 553
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 Repurchase. If Saturn delivers a Notes Repurchase Notice, Indiana shall use its reasonable best
efforts to, and will use its reasonable best efforts to cause its Subsidiaries and Representatives to, cause such Pre-Closing Notes Repurchase to be effected on such terms, conditions, and timing as set forth
in the Notes Repurchase Notice (subject to the terms and conditions under the Indiana Notes and the Indiana Notes Indenture), including if so requested by Saturn in the Notes Repurchase Notice, causing such
Pre-Closing Notes Repurchase to be consummated substantially concurrently with, but not prior to, the Closing, and Indiana shall use reasonable best efforts to prepare and deliver, or cause to be delivered,
any required documentation reasonably related thereto in form and substance reasonably satisfactory to Saturn; that (i) in no event shall Indiana be required to prepare or commence any documentation or Action for any Pre-Closing Notes Repurchase that will result in such Pre-Closing Notes Repurchase being effective prior to the Closing, (ii) any opinions of counsel required by the
Indiana Notes Indenture as may be necessary to comply with all of the terms and conditions of the Indiana Notes Indenture in connection with the Pre-Closing Notes Repurchase shall be delivered by Saturn and
its counsel to the extent required to be delivered at or after the Closing, (iii) in no event shall Indiana (or its Subsidiaries or Representatives) be required to incur any cost or expense in connection with any
Pre-Closing Notes Repurchase unless Saturn agrees to reimburse Indiana for any reasonable and documented out-of-pocket fees and
expenses actually incurred by Indiana (or its Subsidiaries or Representatives) in connection therewith and (iv) Saturn shall provide all funds necessary to effect the Pre-Closing Notes Repurchase. Other
than any Pre-Closing Notes Repurchase, Indiana shall not redeem, repurchase, acquire or otherwise discharge any Indiana Notes.

(b) [Reserved.]

(c) Indiana
shall, and shall cause Indiana Jackson to, obtain and deliver to Saturn prior to the Closing an executed customary payoff letter from the creditors (or representative thereof) in respect of the Indiana Credit Agreement (and Indiana shall use
commercially reasonable to deliver to Saturn a substantially complete draft of such payoff letter no later than three Business Days prior to the Closing), which payoff letter shall (i) indicate the aggregate amount required to be paid to such
creditor on the Closing Date (including the outstanding principal amount, accrued and unpaid interest and any premium