Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 122

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 122
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 the terms and conditions of the Share Purchase Agreement) without the prior written consent of Intelsat, subject to the terms and conditions of the Share Purchase Agreement. SES has also agreed to keep Intelsat informed, upon Intelsat’s reasonable request, of the status of its efforts to arrange the Debt Financing and to promptly notify Intelsat upon the occurrence of certain events set forth in the Share Purchase Agreement. SES has agreed that the availability, terms or obtaining all or any portion of the Debt Financing is not a condition to the obligations of SES under the Share Purchase Agreement, including the obligation to consummate the Acquisition. “Debt Financing” means, subject to the terms and conditions of the Bridge Facility Agreement and the Share Purchase Agreement, (i) the financing contemplated by the Bridge Facility Agreement and (ii) the portion of the Intelsat Jackson Notes (or any replacement thereof) (if any) that is not subject to the Pre-ClosingNotes Repurchase and that will therefore remain outstanding on or after the Closing (the “Retained SSNs”). Conditions to the Closing of the Acquisition Each party’s obligation to consummate the Acquisition is subject to the fulfillment or waiver of various conditions, which include the following:

| • |     | no law enacted or issued after the date of the execution of the Share Purchase Agreement in any jurisdiction for                                                                                                                                          
 which there is a Required Antitrust Approval, a Required Telecommunication Approval that is a consent or a Required FDI Approval, or in any other jurisdiction that is material to the Combined Group, being in effect which has the effect of enjoining, 
 restraining, making illegal or otherwise prohibiting the consummation of the Acquisition;                                                                                                                                                                 |

| • |     | any applicable waiting period (and any extension thereof) under the HSR Act having expired or terminated and                                                                               
 consents of, or filings under, any other antitrust laws set forth in Intelsat’s disclosure schedules to the Share Purchase Agreement having been received or made and remaining in effect; |

| • |     | the applicable FCC Consent having been obtained and considered final and any other Required Telecommunications 
 Approvals having been received or made and remain in effect;                                                   |

| • |     | the Required FDI Approvals having been obtained, received or made and remain in effect; |

| • |     | the DCSA Approval having been obtained; |

| • |     | all waiting periods applicable to the Transactions having elapsed pursuant to Section 122.4(b) of the ITAR; |

| •