Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 111

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 111
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 any of its subsidiaries to, effect an Applicable Transfer (as defined below) of any of SES’s and its subsidiaries’ usage rights for C-band
downlink spectrum at 3.98–4.2 GHz. (the “SES Applicable Spectrum”) without Intelsat’s prior written consent, such consent not to be unreasonably withheld, conditioned or delayed; that SES will not be restricted
from granting any future monetization rights (including a contingent value right) to any third party with respect to Applicable Spectrum.

Chapter 11 Cases

Within five business days following the date of the Share Purchase Agreement, SES and Intelsat agreed to jointly request that
the U.S. Bankruptcy Court for the Eastern District of Virginia (the “Bankruptcy Court”), or whichever court then has jurisdiction over those certain cases filed pursuant to Chapter 11 of Title 11 of the United States Code by Intelsat and
certain of its affiliates, in the Bankruptcy Court, which cases were jointly administered as “In re Intelsat, S.A., et al.”, Case No. 20-32299 (KLP) (the “Chapter 11 Cases”) or any
related litigation (including any appeals) (the “Existing Litigation”), hold in abeyance the Existing Litigation until the earlier of (x) the Closing and (y) the valid termination of the Share Purchase Agreement pursuant to the
terms therein; provided that in the event that the Share Purchase Agreement is validly terminated pursuant to the terms therein, either SES or Intelsat may file a motion with the Bankruptcy Court, or whichever court then has jurisdiction over the
Existing Litigation, to lift abeyance of the Existing Litigation, and such other party has agreed to support the motion to lift abeyance of the Existing Litigation. SES and Intelsat also agreed that, as promptly as reasonably practicable after the
Closing (but in any event within five business days after the Closing Date), SES must take all necessary action to withdraw with prejudice the Existing Litigation. Such initial filing was made with the Bankruptcy Court pursuant to the terms of the
Share Purchase Agreement.

From and after the date of the Share Purchase Agreement, SES and Intelsat agreed to jointly file a motion
requesting an order closing the matters set forth on Schedule 1 to that certain Final Decree closing certain cases filed pursuant to Chapter 11 of Title 11 of the United States Code by Intelsat and certain of its