Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 113

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 113
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, or (z) (1) convene any meeting of the holders of Intelsat common shares to consider or
vote upon any Acquisition Proposal (other than with respect to the Transactions at the Intelsat Shareholder Meeting) or (2) otherwise seek the consent of the holders of Intelsat common shares to vote upon or effectuate any Acquisition Proposal.
“Acquisition Proposal” means any offer or proposal for, or any indication of interest in, any of the following (other than the Acquisition) any direct or indirect acquisition or purchase, in one transaction or in a series of related
transactions, whether by merger, sale of stock, sale of assets or otherwise, of all or any material portion of the share capital or other equity or ownership interest of Intelsat or any of its subsidiaries or a material portion of the assets of
Intelsat or any of its subsidiaries (other than (i) inventory to be sold in the ordinary course of business or (ii) any sales or other dispositions of properties or assets (other than any of Intelsat and its subsidiaries’ usage rights
for C-band downlink spectrum at 3.98–4.2 GHz (“Intelsat Applicable Spectrum”) and equity securities of Holdings), whether by merger, consolidation, equity sale, asset sale or otherwise, not to
exceed $50 million in the aggregate).

Efforts to Complete the Acquisition

General

Upon the terms and subject
to the conditions of the Share Purchase Agreement, each of the parties agreed to use their respective reasonable best efforts to take, or cause to be taken, all actions and to do, or cause to be done, and to assist and cooperate with each other
party in doing, all things that are necessary, proper or advisable, to the extent permitted under applicable law (including under any antitrust law, foreign investment law or telecommunications law), to cause the conditions of the Share Purchase
Agreement to be satisfied promptly as practicable after the date of the Share Purchase Agreement and in any event no later than four business days prior to October 30, 2025 (the “Outside Date”), including using reasonable best efforts
to obtain all consents of, and making all requisite filings with, all governmental authorities that are necessary, proper or advisable (including each of the Required Antitrust Approvals, the Required FDI Approvals, the submission of the 60-day ITAR Notice, the Required Telecommunications Approvals and the DCSA Approval). Subject to certain express obligations and limitations