Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 107

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 107
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 reimbursement, (ii) grant any severance or termination payment to, or pay, loan or advance any amount to any director, manager, officer, employee, consultant or advisor, except in the ordinary course of business, (iii) establish, amend,         
 modify, adopt or terminate any employee benefit plan or make any declaration, payment or commitment or obligation of any kind for the material payment of a severance payment, or (iv) hire any individual to replace any employee of Intelsat whose 
 annual base salary is more than $275,000 who resigns or whose employment is terminated;                                                                                                                                                              |

| • |     | enter into any contract with any related party; |

| • |     | make any change in any method of accounting or accounting practice or policy; |

| • |     | except in the ordinary course of business consistent with past practice, (i) make, revoke or modify any                                                                                                                                    
 material tax election, (ii) settle or compromise any material tax liability, (iii) amend any material tax return or fail to file any material tax return, (iv) consent to any extension or waiver of the limitation period applicable to   
 any material tax claim or assessment, (v) change any tax accounting period or any method of tax accounting, (vi) enter into any voluntary disclosure agreement or program with any governmental authority, (vii) settle, compromise,       
 concede or abandon any material tax claim or assessment, (viii) surrender any right to claim a refund of material taxes, (ix) enter into any tax sharing agreement, tax allocation agreement or any other similar arrangement or agreement 
 relating to taxes, (x) incur any material tax or (xi) enter into any arrangement subject to a reporting obligation within the scope of the Council Directive of 25 May 2018 (2018/822/EU) amending Directive 2011/16/EU as regards to the  
 mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements and any regulation or law relating to, implementing or having similar effect to it in any relevant jurisdiction;  |

| • |     | take any action which would change its residence for tax purposes, including changing its country of organization 
 or incorporation;                                                                                                 |

| • |     | abandon, assign to a third party, waive or permit the lapse of any right relating to intellectual property                          
 material to Intelsat’s business or any other material intangible asset used in the business of Intelsat or any of its