Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 123

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 123
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 and the
Transactions (including fees and expenses of attorneys, accountants, financial advisors and other professionals and the reasonable and documented out-of-pocket expenses
incurred in connection with any action commenced to enforce SES’s obligation to pay the applicable Termination Fees) (such costs and expenses, the “Regulatory Condition Termination Fee Expenses”) within 2 business days after the date
of such termination, subject to certain limitations set forth in the Share Purchase Agreement.

If the Share Purchase Agreement is validly
terminated by Intelsat or SES in circumstances in which the Breach Termination Fee or the Regulatory Condition Termination Fee is payable by SES to Intelsat, then SES

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and Intelsat agreed to negotiate in good faith to prepare and execute the Commercial Agreement within 30 days after the date of such termination.

Amendment, Extension and Waiver of Share Purchase Agreement

The Share Purchase Agreement may be amended, modified or supplemented by the parties at any time prior to the Closing Date by a written
instrument executed and delivered by a duly authorized officer on behalf of such party, provided that after the Intelsat Shareholder Approval has been obtained, no amendment will be effective which pursuant to applicable law requires further
approval or adoption by Intelsat’s shareholders without such further approval or adoption first being obtained.

At any time prior to
the Closing, the parties may (i) extend the time for performance of any of the obligations or other acts of the parties contained in the Share Purchase Agreement, (ii) by action taken or authorized by their respective board of directors,
waive any inaccuracies in the representations and warranties of the other party contained herein or in any document delivered by such party in connection with the Share Purchase Agreement, or (iii) by action taken or authorized by their
respective board of directors, waive compliance by the other party with any of the agreements or conditions contained in the Share Purchase Agreement. Any agreement on the part of any party to any such extension or waiver will be valid only if set
forth in a written agreement signed on behalf of such party. Any agreement on the part of any party to any such extension or waiver will be valid only if set forth in a written instrument executed and delivered by a duly authorized officer on behalf
of such party.

No Third-Party Beneficiaries

Except as expressly provided in the Share Purchase Agreement, nothing in the Share Purchase Agreement, express or implied, is intended to or
will confer upon any other person other than the parties and their respective successors and permitted