Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 106

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 106
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 inquiry or other contact. Intelsat has agreed not to, and to cause its subsidiaries not to, release any person from, or waive any provision of, any confidentiality or standstill agreement to which Intelsat or any of its
subsidiaries is a party, without the prior written consent of SES. Intelsat has agreed that neither Intelsat nor the Intelsat Board will (x) change, withhold, withdraw, qualify, amend or modify (or publicly propose to change, withhold,
withdraw, qualify, amend or modify) the recommendation that Intelsat’s shareholders approve the Intelsat Shareholder Approval Resolutions at the Intelsat Shareholder Meeting (the “Intelsat Board Recommendation”) or vote for or approve
any other Acquisition Proposal, (y) fail to include the Intelsat Board Recommendation in the meeting materials for the Intelsat Shareholder Meeting, or (z) (1) convene any meeting of the holders of Intelsat common shares to consider or
vote upon any Acquisition Proposal (other than with respect to the Transactions at the Intelsat Shareholder Meeting) or (2) otherwise seek the consent of the holders of Intelsat common shares to vote upon or effectuate any Acquisition Proposal.
“Acquisition Proposal” means any offer or proposal for, or any indication of interest in, any of the following (other than the Acquisition) any direct or indirect acquisition or purchase, in one transaction or in a series of related
transactions, whether by merger, sale of stock, sale of assets or otherwise, of all or any material portion of the share capital or other equity or ownership interest of Intelsat or any of its subsidiaries or a material portion of the assets of
Intelsat or any of its subsidiaries (other than (i) inventory to be sold in the ordinary course of business or (ii) any sales or other dispositions of properties or assets (other than any of Intelsat and its subsidiaries’ usage rights
for C-band downlink spectrum at 3.98–4.2 GHz (“Intelsat Applicable Spectrum”) and equity securities of Holdings), whether by merger, consolidation, equity sale, asset sale or otherwise, not to
exceed $50 million in the aggregate).

Efforts to Complete the Acquisition

General

Upon the terms and subject
to the conditions of the Share Purchase Agreement, each of the parties agreed to use their respective reasonable best efforts to take, or cause to be taken, all actions and to do,