Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 121

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 121
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 (i) maintain in full force and effect the Bridge Facility Agreement, (ii) satisfy and comply with on a timely basis all conditions and covenants to the funding of the Debt Financing in the Bridge Facility Agreement, (iii) enforce SES’s rights under the Bridge Facility Agreement (including SES’s right to cause the debt financing sources under the Bridge Facility Agreement to fund the Debt Financing upon the satisfaction of applicable conditions) and (iv) consummate the 78

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Debt Financing on or prior to the Closing Date such that the Closing will be consummated and all amounts required to be paid by or on behalf of SES will be paid. SES has agreed to furnish to Intelsat true and complete copies of all amendments to the Bridge Facility Agreement and all material documents in relation to the Bridge Facility Agreement that are reasonable likely to affect SES’s ability to consummate the Debt Financing. If any portion of the Debt Financing becomes unavailable, withdrawn, repudiated, terminated or rescinded, SES has agreed to promptly notify Intelsat in writing. SES has agreed not to, and to cause its affiliates not to, permit, consent to or agree to certain amendments, restatements, replacements, supplements, terminations or other modifications or waivers of provisions or remedies under the Bridge Facility Agreement (including any relief or release of any debt financing source from its obligations under the Bridge Facility Agreement other than in connection with the entry into of a replacement Debt Financing (including for those purposes, any Retained SSNs) where such replacement Debt Financing is otherwise expressly permitted under the terms and conditions of the Share Purchase Agreement) without the prior written consent of Intelsat, subject to the terms and conditions of the Share Purchase Agreement. SES has also agreed to keep Intelsat informed, upon Intelsat’s reasonable request, of the status of its efforts to arrange the Debt Financing and to promptly notify Intelsat upon the occurrence of certain events set forth in the Share Purchase Agreement. SES has agreed that the availability, terms or obtaining all or any portion of the Debt Financing is not a condition to the obligations of SES under the Share Purchase Agreement, including the obligation to consummate the Acquisition. “Debt Financing” means, subject to the terms and conditions of the Bridge Facility Agreement and the Share Purchase Agreement, (i) the financing contemplated by the Bridge Facility Agreement and (ii) the portion of the Intelsat Jackson Notes (or any replacement thereof)