Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 102

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 102
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 or its respective assets or properties; |

| • |     | completion of financing, validity of SES’s bridge facility agreement dated as of the date of the Share                                                
 Purchase Agreement (the “Bridge Facility Agreement”) and sufficiency of funds to make required payments pursuant to the Share Purchase Agreement; and |

| • |     | brokers’, finders’ and other fees or commissions. |

Some of the representations and warranties made by Intelsat are qualified as to materiality with respect to Intelsat or by exceptions related to a material adverse effect with respect to Intelsat. Under the Share Purchase Agreement, the term “material adverse effect” with respect to Intelsat means any event, change, occurrence or effect that has, or would reasonably be expected to have, a material adverse effect on the business, financial condition or results of operations of Intelsat and its subsidiaries (excluding any Excluded Liabilities), taken as a 69

whole; provided, however, that in no event, change, circumstance, occurrence or effect to the extent directly or indirectly resulting from, arising out of, attributable to, or relating to any of the following will be deemed to be or constitute a material adverse effect with respect to Intelsat or will be taken into account when determining whether a material adverse effect with respect to Intelsat has occurred or would occur:

| • |     | any changes in general economic or business conditions or in the financial, debt, banking, capital, credit or       
 securities markets, or in interest or exchange rates, in each case, in the United States or elsewhere in the world; |

| • |     | any failure, in and of itself, by Intelsat to meet any opinion, projection, forecast, statement, budget,                                                                                                                                                 
 estimate, advice or other similar information (including information with respect to the future revenues, earnings, results or operations (or any component thereof), cash flows, financial condition (or any component thereof) or future business and  
 operations, as well as any other business plan and cost-related plan information), made, communicated or furnished (orally or in writing), or to be made, communicated or furnished (orally or in writing), to SES or any of its affiliates or its       
 representatives (it being understood that the events, changes, circumstances, occurrences or effects giving rise to or contributing to such failure may be deemed to constitute or to be taken into account in determining whether there has occurred or 
 would reasonably be expected to occur a material adverse effect with respect to Intelsat