Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 109

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 109
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 enforce or interpret its own orders pertaining to the Chapter 11 Cases; (ii) the Bankruptcy Court will retain jurisdiction over any matter pending in the Chapter 11 Cases; and (iii) entry of such order shall be without prejudice to the
substantive rights, claims, arguments, objections, and the like, if any, of any current or potential parties to any claims or causes of action that were pending in the Remaining Cases as of the date of such order. To the extent either SES or
Intelsat determines that any administrative or adjudicative action is required to be taken by the Bankruptcy Court relative to the Existing Litigation or any related litigation (including any appeals), such party may move for (and such other party
has agreed to support) the reopening of the Remaining Cases as necessary for the Bankruptcy Court to take such action. Such motion was filed with the Bankruptcy Court pursuant to the terms of the Share Purchase Agreement.

Written Consent

Under the terms of the
Share Purchase Agreement, Intelsat is required, at the Closing, to provide SES with a copy of the unanimous written consent of Intelsat, in its capacity as the sole shareholder of Holdings, approving the transfer of the Transferred Shares to SES in
accordance with the terms of the Share Purchase Agreement (the “Unanimous Written Consent”).

Exclusivity

Intelsat has agreed, between the date of the Share Purchase Agreement and the earlier of the Closing and the termination of the Share Purchase
Agreement in accordance with its terms, not to, and to ensure that none of its

72

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

subsidiaries or any of their respective affiliates and representatives, directly or indirectly, (a) solicit, initiate, knowingly encourage or facilitate, or accept any proposal or offer that
constitutes an Acquisition Proposal or (b) participate in any third-party discussions, conversations, negotiations or other communications regarding, or furnish to any other person any information with respect to any proposal that constitutes,
or would reasonably be expected to lead to, an Acquisition Proposal. Immediately as of the signing of the Share Purchase Agreement, Intelsat agreed to cease and cause to be terminated all existing discussions, conversations, negotiations and other
communications with any third parties conducted prior to such signing with respect to any of the foregoing. Intelsat has agreed to notify SES promptly, but in any event within 24 hours, orally