Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 107

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 107
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 exceptions, the (i) repurchase of Intelsat RSUs or PSUs in respect of a net settlement in the ordinary course of business and (ii) repurchases or redemptions (together with any dividends or distributions declared or made on 
 Intelsat’s equity securities) that do not exceed $750 million in the aggregate;                                                                                                                                                         |

| • |     | declare, set aside, make or pay any dividend or other distribution on or with respect to any of Intelsat’s                                                                                                                                     
 share capital or other equity or ownership interests, other than (i) in dividends or distributions between wholly-owned subsidiaries of Holdings that are not reasonably expected to give rise to withholding tax liability, (ii) dividends or 
 distributions of Applicable Intelsat Spectrum Proceeds on or with respect to Intelsat’s equity securities, (iii) any Exempted Distributions and (iv) cash dividends or cash distributions (other than dividends or distributions of            
 Applicable Intelsat Spectrum Proceeds) on or with respect to Intelsat’s equity securities, provided that such dividends or distributions (together with the amount of any equity repurchases made by Intelsat) do not exceed $750 million in   
 the aggregate;                                                                                                                                                                                                                                 |

| • |     | reclassify, combine, split, subdivide or redeem, or purchase or otherwise acquire, directly or indirectly, any of                      
 Intelsat’s share capital or other equity or ownership interest, or make any other change with respect to Intelsat’s capital structure; |

| • |     | (i) acquire any interests in any entity or division thereof or any material amount of assets, other than                                                                                                                           
 (A) transactions among wholly-owned subsidiaries or (B) in connection with the formation of a wholly-owned subsidiary, or (ii) enter into any joint venture, partnership, strategic alliance, collaboration, consortium or similar 
 arrangement, other than joint ventures, partnerships, strategic alliances, collaborations, consortiums or similar arrangements;                                                                                                    |

| • |     | except for as contemplated in the Intelsat Shareholder Approval, adopt a plan of complete or partial liquidation,                                           
 dissolution, merger, consolidation, restructuring, recapitalization or other reorganization of Intelsat, or otherwise alter Intelsat’s corporate structure; |

| • |     | make any loans, advances or capital contributions to, or investments in, any other person, or amend, waive, 
 modify or consent to the termination of any material indebtedness contract;