Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 121

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 121
---
 from and after the Closing, SES has agreed to use commercially reasonable efforts to cause Intelsat to be fully released from all liabilities under any continuing Intelsat Support Obligations, including, to the extent reasonably necessary in furtherance of obtaining such releases, using commercially reasonable efforts to arrange for and provide substitute credit support on terms and conditions reasonably satisfactory to the beneficiaries of the continuing Intelsat Support Obligations. Debt Financing SES has agreed to use its reasonable best efforts to take all actions and to do all things necessary, proper or advisable to arrange, obtain and consummate the Debt Financing (as defined below) in an amount that (taken together with the cash, available lines of credit and other sources of immediately available funds to SES as at the Closing) is required to consummate the Transactions (excluding the Liquidation) and pay all required amounts under the Share Purchase Agreement on the terms and conditions described in the Bridge Facility Agreement and the Share Purchase Agreement, including using reasonable best efforts to (i) maintain in full force and effect the Bridge Facility Agreement, (ii) satisfy and comply with on a timely basis all conditions and covenants to the funding of the Debt Financing in the Bridge Facility Agreement, (iii) enforce SES’s rights under the Bridge Facility Agreement (including SES’s right to cause the debt financing sources under the Bridge Facility Agreement to fund the Debt Financing upon the satisfaction of applicable conditions) and (iv) consummate the 79

Debt Financing on or prior to the Closing Date such that the Closing will be consummated and all amounts required to be paid by or on behalf of SES will be paid. SES has agreed to furnish to Intelsat true and complete copies of all amendments to the Bridge Facility Agreement and all material documents in relation to the Bridge Facility Agreement that are reasonable likely to affect SES’s ability to consummate the Debt Financing. If any portion of the Debt Financing becomes unavailable, withdrawn, repudiated, terminated or rescinded, SES has agreed to promptly notify Intelsat in writing. SES has agreed not to, and to cause its affiliates not to, permit, consent to or agree to certain amendments, restatements, replacements, supplements, terminations or other modifications or waivers of provisions or remedies under the Bridge Facility Agreement (including any relief or release of any debt financing source from its obligations under the Bridge Facility Agreement other than in connection with the entry into of a replacement Debt Financing (including for those purposes, any Retained SSNs) where such replacement Debt Financing is otherwise expressly permitted under