Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 125

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 125
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 Intelsat,                                                               
 as applicable: the Transfer Form, the Bill of Sale and all other agreements, documents, certificates and instruments required to be delivered by the Share Purchase Agreement; |

| • |     | if applicable pursuant to the terms of the Share Purchase Agreement, the redemption, repurchase, acquisition or                                                                                                                               
 other satisfaction and discharge of all or part of the Intelsat Jackson Notes having been consummated, or being consummated substantially concurrently with the Closing, in either case, in accordance with the Share Purchase Agreement; and |

| • |     | none of the Required Antitrust Approvals or Required Telecommunications Approvals has contained, required,                                                                                                                                
 included or imposed a Burdensome Condition and none of the Required FDI Approvals or the DCSA Approval has contained, required, included or imposed an Other Regulatory Burdensome Condition, as defined in the Share Purchase Agreement. |

Termination Termination of the Share Purchase Agreement The Share Purchase Agreement may be terminated by mutual written consent of SES and Intelsat. Either SES or Intelsat may also terminate the Share Purchase Agreement if:

| • |     | the other party breaches or fails to perform any of its covenants or is inaccurate in its representations and                                                     
 warranties, which breach, failure to perform or inaccuracy would give rise to the failure of the related condition to the Closing to be satisfied at the Closing; |

| • |     | if the Intelsat Shareholder Approval is not obtained subject to the terms of the Share Purchase Agreement 
 (“Vote Condition Termination”);                                                                           |

| • |     | any governmental authority in any jurisdiction for which there is a Required Antitrust Approval, a Required                                                                                                                                               
 Telecommunication Approval that is a consent or a Required FDI Approval, or in any other jurisdiction that is material to the Combined Group, having issued an order or taken any other action having the effect of permanently restraining, enjoining or 
 otherwise prohibiting the Transactions, which such order or other action has become final and non-appealable; provided, further, however, that the Share Purchase Agreement may not be terminated if the failure                                          
 of the party requesting termination to fulfill any obligation under the Share Purchase Agreement is the primary cause of, or primarily results in, the issuance of such final and non-appealable order or taking                                          
 of such other action;                                                                                                                                                                                                                                     |

| • |     | all of the Closing conditions for the other party have been satisfied, and such first party has irrev