Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 108

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 108
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                                 |

| • |     | amend, waive, modify or consent to the termination of any Intelsat material contract, or amend, waive or modify 
 or consent to the termination of any of Intelsat’s or such subsidiaries material rights thereunder;             |

| • |     | decommission, re-orbit or dispose of any Intelsat satellite with an                                                                      
 aggregate value exceeding $50 million, other than in the case of (i) a commercial transaction or (ii) certain operational circumstances; |

| • |     | authorize, or make any commitment with respect to any capital expenditures of the type set forth in     
 Intelsat’s disclosure schedules to the Share Purchase Agreement in a manner not reflected in Intelsat’s |

70

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83

| disclosure schedules to the Share Purchase Agreement, including reallocating the amount of any proposed capital expenditure included therein, other than expenditures are not in excess of (i)     
 $50,000,000 in the aggregate if the Closing occurs on or before October 30, 2025, or (ii) $75,000,000 in the aggregate if the Closing occurs after October 30, 2025, and other limited exceptions; |

| • |     | except as contemplated by the Intelsat Retention Plan (as defined below), Intelsat’s employee benefit plans                                                                                                                                          
 or employment agreements with certain Intelsat employees, (i) increase the compensation or benefits of any of Intelsat’s directors, managers, officers, employees, consultants or advisors, except for (A) merit, promotion, new hire and            
 cost of living increases in salaries or wages and (B) de minimis compensation or benefits, in each case in the ordinary course of business consistent with past practice and excluding any practices related to the Phase II accelerated relocation  
 payments paid from or through the C-band relocation payment clearinghouse to Intelsat or related expenses submitted to the C-band relocation payment clearinghouse for                                                                               
 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