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

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 17
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the Share Purchase Agreement and in accordance with the applicable laws, at the Closing, (a) in exchange for the consideration for the Acquisition, Intelsat will sell, transfer and deliver to SES, and SES will purchase from Intelsat, (i) all of
the outstanding shares (the “Transferred Shares”) of

9

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

Holdings, and (ii) all of Intelsat’s rights, titles and interests in and to all of Intelsat’s assets, properties and rights of every nature, kind and description, whether tangible
or intangible, real, personal or mixed, accrued or contingent (including goodwill), wherever located and whether now existing or acquired prior to the Closing Date (as defined below), excluding the Intelsat Shareholders’ Agreement (as defined
below), the Intelsat Registration Rights Agreement (as defined below), the Intelsat Warrant Agreements (as defined below) and certain other excluded assets (such transferred assets, the “Transferred Assets”), and (b) SES will assume
and pay, perform and fulfill all of Intelsat’s liabilities arising or incurred prior to or at, or relating to any period ending prior to or at, the Closing, excluding any post-Closing taxes of Intelsat, any liabilities of Intelsat following the
Closing (including any liabilities arising from or related to the Liquidation and Intelsat’s obligation to distribute applicable assets to Intelsat’s shareholders in the Liquidation) and any liabilities arising under the Intelsat
Shareholders’ Agreement, the Intelsat Registration Rights Agreement, the Intelsat Warrant Agreements, the Legacy CVR Agreements (as defined below) and certain other excluded liabilities (such assumed liabilities, the “Assumed
Liabilities”).

Consideration for the Acquisition(See page 68)

At the Closing, in exchange for the sale, transfer and delivery of the Transferred Shares and the Transferred Assets, SES will (i) deliver
aggregate consideration equal to (a) aggregate cash consideration of $3.1 billion (the “Closing Cash Consideration”), (b) an aggregate number of approximately [●] CVRs equal to the CVR Consideration (as defined below), and
(c) the Applicable Spectrum Additional Consideration (as defined below), if any, and (ii) assume and agree to pay, perform and fulfill all of