Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 111

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 111
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 the event that the Share Purchase Agreement is validly terminated pursuant to the terms therein, either SES or Intelsat may file a motion with the Bankruptcy Court, or whichever court then has jurisdiction over the
Existing Litigation, to lift abeyance of the Existing Litigation, and such other party has agreed to support the motion to lift abeyance of the Existing Litigation. SES and Intelsat also agreed that, as promptly as reasonably practicable after the
Closing (but in any event within five business days after the Closing Date), SES must take all necessary action to withdraw with prejudice the Existing Litigation. Such initial filing was made with the Bankruptcy Court pursuant to the terms of the
Share Purchase Agreement.

From and after the date of the Share Purchase Agreement, SES and Intelsat agreed to jointly file a motion
requesting an order closing the matters set forth on Schedule 1 to that certain Final Decree closing certain cases filed pursuant to Chapter 11 of Title 11 of the United States Code by Intelsat and certain of its affiliates, Dkt. 4564, No. 20-32299-KLP (Bankr. E.D.V.A.) (the “Remaining Cases”), provided that any such order expressly provides that (i) the Bankruptcy Court will retain jurisdiction
to enforce or interpret its own orders pertaining to the Chapter 11 Cases; (ii) the Bankruptcy Court will retain jurisdiction over any matter pending in the Chapter 11 Cases; and (iii) entry of such order shall be without prejudice to the
substantive rights, claims, arguments, objections, and the like, if any, of any current or potential parties to any claims or causes of action that were pending in the Remaining Cases as of the date of such order. To the extent either SES or
Intelsat determines that any administrative or adjudicative action is required to be taken by the Bankruptcy Court relative to the Existing Litigation or any related litigation (including any appeals), such party may move for (and such other party
has agreed to support) the reopening of the Remaining Cases as necessary for the Bankruptcy Court to take such action. Such motion was filed with the Bankruptcy Court pursuant to the terms of the Share Purchase Agreement.

Written Consent

Under the terms of the
Share Purchase Agreement, Intelsat is required, at the Closing, to provide SES with a copy of the unanimous written consent of Intelsat, in its capacity as the sole shareholder of Holdings, approving the