Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 110

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 110
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 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

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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 and in writing if any such Acquisition Proposal, or any
inquiry or other contact with any person with respect thereto, is made. Any such notice to SES must indicate in reasonable detail the identity of the person making such Acquisition Proposal, inquiry or other contact and the terms and conditions of
such Acquisition Proposal, 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 Share