Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 120

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 120
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| • |     | Intelsat having performed or complied with, in all material respects, all covenants and agreements required to be 
 performed or complied with by Intelsat under the Share Purchase Agreement on or prior to the Closing;             |

| • |     | no material adverse effect with respect to Intelsat having occurred that is continuing; |

| • |     | SES having received a certificate signed by an authorized officer of Intelsat stating that the conditions in the 
 preceding three bullet points have been satisfied;                                                               |

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| • |     | Intelsat having delivered to SES an executed counterpart of each of the following agreements signed by Intelsat,                                                               
 as applicable: the Transfer Form, the Bill of Sale and all other agreements, documents, certificates and instruments required to be delivered by the Share Purchase Agreement; |

| • |     | if applicable pursuant to the terms of the Share Purchase Agreement, the redemption, repurchase, acquisition or                                                                                                                               
 other satisfaction and discharge of all or part of the Intelsat Jackson Notes having been consummated, or being consummated substantially concurrently with the Closing, in either case, in accordance with the Share Purchase Agreement; and |

| • |     | none of the Required Antitrust Approvals or Required Telecommunications Approvals has contained, required,                                                                                                                                
 included or imposed a Burdensome Condition and none of the Required FDI Approvals or the DCSA Approval has contained, required, included or imposed an Other Regulatory Burdensome Condition, as defined in the Share Purchase Agreement. |

Termination Termination of the Share Purchase Agreement The Share Purchase Agreement may be terminated by mutual written consent of SES and Intelsat. Either SES or Intelsat may also terminate the Share Purchase Agreement if:

| • |     | the other party breaches or fails to perform any of its covenants or is inaccurate in its representations and                                                     
 warranties, which breach, failure to perform or inaccuracy would give rise to the failure of the related condition to the Closing to be satisfied at the Closing; |

| • |     | if the Intelsat Shareholder Approval is not obtained subject to the terms of the Share Purchase Agreement 
 (“Vote Condition Termination”);                                                                           |

| • |     | any governmental authority 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, having