Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 141

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 141
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consideration payable in the connection with the Transactions, (C) extends the Outside Date or extensions thereof, or (D) otherwise amends the Share Purchase Agreement or any document or agreement referenced in the Share Purchase
Agreement, in a manner that would be adverse to the Supporting Shareholders in any material respect; (iv) waiver of certain conditions to the consummation of the Transactions as set forth in the Support Agreements; (v) a material breach by
SES of any of its representations, warranties, covenants or agreements contained in the Support Agreements or the Share Purchase Agreement, subject to certain limitations in the Support Agreements; (vi) the enaction or issuance of a law after
the date of the Support Agreements which has the effect of enjoining, restraining, making illegal or otherwise prohibiting the consummation of the Transactions; and (vii) the mutual written consent of the parties.

93

U.S. FEDERAL INCOME TAX CONSIDERATIONS OF THE TRANSACTIONS The following discussion is a general summary of U.S. federal income tax considerations relating to the Transactions that are relevant to a U.S. Holder of Intelsat common shares whose equity securities are exchanged for cash and CVRs pursuant to the Liquidation. This discussion is for general informational purposes only and is not to be construed as tax advice. Each U.S. Holder is urged to consult its tax advisor as to the particular tax considerations to such U.S. Holder of the Transactions. This discussion is based upon the Internal Revenue Code of 1986, as amended (the “Code”), Treasury Regulations promulgated under the Code, court decisions, published positions of the Internal Revenue Service (the “IRS”), and other applicable authorities, all as in effect on the date of this prospectus and all of which are subject to change or differing interpretations at any time, possibly with retroactive effect. This discussion is limited to U.S. Holders who hold their Intelsat common shares as “capital assets” for U.S. federal income tax purposes (generally, property held for investment). This discussion does not describe any of the tax considerations arising under the laws of any state, local or non-U.S.tax jurisdiction and does not consider any aspects of any alternative minimum tax, the Medicare net investment income surtax, or estate, gift or other tax laws that may be relevant or applicable to a particular holder in connection with the Transactions and the receipt of, and payments with respect to, CVRs. This discussion does