Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 1

Fill in this information to identify the case:

United States Bankruptcy Court for the:

Eastern District of Virginia

(State)

Case number (if known): Chapter 11

☐ Check if this is an

 amended filing

Official Form 201

Voluntary Petition for Non-Individuals Filing for Bankruptcy 04/20

If more space is needed, attach a separate sheet to this form. On the top of any additional pages, write the debtor’s name and the 

case number (if known). For more information, a separate document, Instructions for Bankruptcy Forms for Non-Individuals, is 

available.

1. Debtor’s Name Intelsat S.A.

Intelsat Global Holdings S.A.

2. All other names debtor used 

in the last 8 years

Include any assumed names, 

trade names, and doing 

business as names

3. Debtor’s federal Employer 

Identification Number (EIN) 98-1009418

4. Debtor’s address Principal place of business

4 rue Albert Borschette

Mailing address, if different from principal place

of business

7900 Tysons One Place

Number Street Number Street

L-1246 Luxembourg

P.O. Box

McLean, Virginia 22102

City State Zip Code City State Zip Code

Location of principal assets, if different from

principal place of business

County Number Street

City State Zip Code

5. Debtor’s website (URL) www.intelsat.com

☐ Corporation (including Limited Liability Company (LLC) and Limited Liability Partnership (LLP))

☐ Partnership (excluding LLP)

6. Type of debtor

☒ Other. Specify: S.A.

Case 20-32299-KLP Doc 1 Filed 05/14/20 Entered 05/14/20 00:12:37 Desc Main

Document Page 1 of 18
Debtor Intelsat S.A. Case number (if known)

Name

Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 2

7. Describe debtor’s business

A. Check One:

☐ Health Care Business (as defined in 11 U.S.C. § 101(27A))

☐ Single Asset Real Estate (as defined in 11 U.S.C. § 101(51B))

☐ Railroad (as defined in 11 U.S.C. § 101(44))

☐ Stockbroker (as defined in 11 U.S.C. § 101(53A))

☐ Commodity Broker (as defined in 11 U.S.C. § 101(6))

☐ Clearing Bank (as defined in 11 U.S.C. § 781(3))

☒ None of the above

B. Check all that apply:

☐ Tax-exempt entity (as described in 26 U.S.C. § 501)

☐ Investment company, including hedge fund or pooled investment vehicle (as defined in 15 U.S.C.

§ 80a-3)

☐ Investment advisor (as defined in 15 U.S.C. § 80b-2(a)(11))

C. NAICS (North American Industry Classification System) 4-digit code that best describes debtor. See

 http://www.uscourts.gov/four-digit-national-association-naics-codes .

5174 - Satellite Telecommunications

8. Under which chapter of the 

Bankruptcy Code is the 

debtor filing?

A debtor who is a “small 

business debtor” must check 

the first sub-box. A debtor as 

defined in § 1182(1) who elects 

to proceed under subchapter V 

of chapter 11 (whether or not 

the debtor is a “small business 

debtor”) must check the second 

sub-box.

Check One:

☐ Chapter 7

☐ Chapter 9

☒ Chapter 11. Check all that apply:

☐ The debtor is a small business debtor as defined in 11 U.S.C. § 101(51D), and its 

aggregate noncontingent liquidated debts (excluding debts owed to insiders or 

affiliates) are less than $2,725,625. If this sub-box is selected, attach the most recent 

balance sheet, statement of operations, cash-flow statement, and federal income tax 

return or if any of these documents do not exist, follow the procedure in 11 U.S.C. § 

1116(1)(B).

☐ The debtor is a debtor as defined in 11 U.S.C. § 1182(1). Its aggregate noncontingent 

liquidated debts (excluding debts owed to insiders or affiliates) are less than $7,500,000 

and it chooses to proceed under Subchapter V of Chapter 11. If this sub-box is 

selected, attach the most recent balance sheet, statement of operations, cash-flow 

statement, and federal income tax return or if any of these documents do not exist, 

follow the procedure in 11 U.S.C. § 1116(1)(B). 

☐ A plan is being filed with this petition.

☐ Acceptances of the plan were solicited prepetition from one or more classes of

creditors, in accordance with 11 U.S.C. § 1126(b).

☒ The debtor is required to file periodic reports (for example, 10K and 10Q) with the 

Securities and Exchange Commission according to § 13 or 15(d) of the Securities

Exchange Act of 1934. File the Attachment to Voluntary Petition for Non-Individuals 

Filing for Bankruptcy under Chapter 11 (Official Form 201A) with this form. 

☐ The debtor is a shell company as defined in the Securities Exchange Act of 1934 Rule

12b-2. 

☐ Chapter 12

Case 20-32299-KLP Doc 1 Filed 05/14/20 Entered 05/14/20 00:12:37 Desc Main

Document Page 2 of 18
Debtor Intelsat S.A. Case number (if known)

Name

Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 3

9. Were prior bankruptcy cases

filed by or against the debtor 

within the last 8 years?

☒ No

☐ Yes.

District

District

When

When

Case number

Case number

Relationship Affiliate

☐ No

☒ Yes. Debtor See Rider 1

District Eastern District of Virginia 05/13/2020

10. Are any bankruptcy cases 

pending or being filed by a 

business partner or an

affiliate of the debtor?

List all cases. If more than 1, 

attach a separate list.

Case number, if known 

When

MM / DD / YYYY

11. Why is the case filed in this 

district?

Check all that apply:

☐ Debtor has had its domicile, principal place of business, or principal assets in this district for 180 days 

immediately preceding the date of this petition or for a longer part of such 180 days than in any other 

district.

☒ A bankruptcy case concerning debtor’s affiliate, general partner, or partnership is pending in this district.

12. Does the debtor own or have 

possession of any real 

property or personal property 

that needs immediate 

attention?

☒ No. 

☐ Yes. Answer below for each property that needs immediate attention. Attach additional sheets if needed.

Why does the property need immediate attention? (Check all that apply.)

☐ It poses or is alleged to pose a threat of imminent and identifiable hazard to public health or

safety.

What is the hazard?

☐ It needs to be physically secured or protected from the weather.

☐ It includes perishable goods or assets that could quickly deteriorate or lose value without 

attention (for example, livestock, seasonal goods, meat, dairy, produce, or securities-related 

assets or other options).

☐ Other 

Where is the property?

Number Street

City State Zip Code

Is the property insured?

☐ No

☐ Yes. Insurance agency

Contact name

Phone

Statistical and administrative information

13. Debtor’s estimation of 

available funds

Check one:

☒ Funds will be available for distribution to unsecured creditors.

☐ After any administrative expenses are paid, no funds will be available for distribution to unsecured creditors.

14. Estimated number of 

creditors1

☐ 1-49 ☐ 1,000-5,000 ☐ 25,001-50,000

☐ 50-99 ☒ 5,001-10,000 ☐ 50,001-100,000

☐ 100-199 ☐ 10,001-25,000 ☐ More than 100,000

☐ 200-999

1 The estimated number of creditors and estimated amounts of assets, and liabilities, are being listed on a consolidated basis for all Debtor affiliates 

listed on Rider 1, attached hereto.

Case 20-32299-KLP Doc 1 Filed 05/14/20 Entered 05/14/20 00:12:37 Desc Main

Document Page 3 of 18
Debtor Intelsat S.A. Case number (if known)

Name

Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 4

15. Estimated assets ☐ $0-$50,000 ☐ $1,000,001-$10 million ☐ $500,000,001-$1 billion

☐ $50,001-$100,000 ☐ $10,000,001-$50 million ☐ $1,000,000,001-$10 billion

☐ $100,001-$500,000 ☐ $50,000,001-$100 million ☒ $10,000,000,001-$50 billion

☐ $500,001-$1 million ☐ $100,000,001-$500 million ☐ More than $50 billion

16. Estimated liabilities ☐ $0-$50,000 ☐ $1,000,001-$10 million ☐ $500,000,001-$1 billion

☐ $50,001-$100,000 ☐ $10,000,001-$50 million ☐ $1,000,000,001-$10 billion

☐ $100,001-$500,000 ☐ $50,000,001-$100 million ☒ $10,000,000,001-$50 billion

☐ $500,001-$1 million ☐ $100,000,001-$500 million ☐ More than $50 billion

Request for Relief, Declaration, and Signatures

WARNING -- Bankruptcy fraud is a serious crime. Making a false statement in connection with a bankruptcy case can result in fines up to

$500,000 or imprisonment for up to 20 years, or both. 18 U.S.C. §§ 152, 1341, 1519, and 3571.

17. Declaration and signature of

authorized representative of

debtor

The debtor requests relief in accordance with the chapter of title 11, United States Code, specified in this 

petition.

I have been authorized to file this petition on behalf of the debtor.

I have examined the information in this petition and have a reasonable belief that the information is true and 

correct.

 I declare under penalty of perjury that the foregoing is true and correct.

Executed on 05/13/2020

 MM/ DD / YYYY

 /s/ David Tolley David Tolley

Signature of authorized representative of debtor Printed name

Title

Executive Vice President, 

Chief Financial Officer, and Co-Chief 

Restructuring Officer

18. Signature of attorney  /s/ Michael A. Condyles Date 05/13/2020 

Signature of attorney for debtor MM/ DD/YYYY

Michael A. Condyles

Printed name

Kutak Rock LLP

Firm name

901 East Byrd Street, Suite 1000

Number Street

Richmond VA 23219-4071

City

(804) 343-5227

State ZIP Code

michael.condyles@kutakrock.com

Contact phone

27807 VA

Email address

Bar number State

Case 20-32299-KLP Doc 1 Filed 05/14/20 Entered 05/14/20 00:12:37 Desc Main

Document Page 4 of 18
Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 5

Official Form 201A (12/15)

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE EASTERN DISTRICT OF VIRGINIA

RICHMOND DIVISION

)

In re: ) Chapter 11

)

INTELSAT S.A., ) Case No. 20-_________ (___)

)

Debtor. )

)

Attachment to Voluntary Petition for Non-Individuals Filing for Bankruptcy under Chapter 11

1.If any of the debtor’s securities are registered under Section 12 of the Securities Exchange Act of 1934, the SEC file

number is CIK #0001525773

2.The following financial data is the latest available information and refers to the debtor’s condition on

April 1, 2020

(a) Total assets $ 11,651,558,000

(b) Total debts (including debts listed in 2.c., below) $ 16,805,844,000

(c) Debt securities held by more than 500 holders See Comments

Approximate

number of 

holders:

secured ☐ unsecured ☐ subordinated ☐ $

secured ☐ unsecured ☐ subordinated ☐ $

secured ☐ unsecured ☐ subordinated ☐ $

secured ☐ unsecured ☐ subordinated ☐ $

secured ☐ unsecured ☐ subordinated ☐ $

(d) Number of shares of preferred stock 0

1

(e) Number of shares of common stock 142,085,7741

Comments, if any: Intelsat S.A. does not and cannot know the precise number of beneficial holders of any of 

the debt securities it has issued and does not believe that any such securities are held by more than 500 holders.

3.Brief description of debtor’s business: Intelsat S.A. is a publicly held operator of one of the world’s largest

satellite services businesses, which provides a diverse array of communications services to a wide variety of clients,

including media companies, telecommunication operators, internet service providers, and data networking service

Providers.

4.List the names of any person who directly or indirectly owns, controls, or holds, with power to vote, 5% or more of the voting

securities of debtor: 

Serafina S.A. (34.1%); Cyrus Capital Partners L.P. and related entities (7.6%); Appaloosa LP and related entities (7.4%); 

Discovery Capital Management LLC (6.1%)

1 1 billion shares of common stock or preferred stock are authorized under the Consolidated Articles of Incorporation of Intelsat S.A., as amended on 

September 9, 2019 https://www.sec.gov/Archives/edgar/data/1525773/000152577320000007/exhibit31consolidateda.htm. 

Case 20-32299-KLP Doc 1 Filed 05/14/20 Entered 05/14/20 00:12:37 Desc Main

Document Page 5 of 18
Rider 1

Fill in this information to identify the case:

United States Bankruptcy Court for the:

Eastern District of Virginia

(State)

Case number (if known): Chapter 11

☐ Check if this is an

 amended filing

Rider 1

Pending Bankruptcy Cases Filed by the Debtor and Affiliates of the Debtor

On the date hereof, each of the entities listed below (collectively, the “Debtors”) filed a petition in the United States 

Bankruptcy Court for the Eastern District of Virginia for relief under chapter 11 of title 11 of the United States Code. 

The Debtors have moved for joint administration of these cases under the case number assigned to the chapter 11 case of 

Intelsat S.A.

1. Intelsat Virginia Holdings LLC

2. Intelsat US LLC

3. Intelsat S.A.

4. Intelsat (Luxembourg) S.A.

5. Intelsat Align S.à r.l

6. Intelsat Alliance LP

7. Intelsat Asia Carrier Services, LLC

8. Intelsat Connect Finance S.A.

9. Intelsat Envision Holdings LLC

10. Intelsat Finance Bermuda Ltd. 

11. Intelsat Genesis GP LLC

12. Intelsat Genesis Inc.

13. Intelsat Global Sales & Marketing Ltd.

14. Intelsat Holdings LLC

15. Intelsat Holdings S.A.

16. Intelsat International Employment LLC

17. Intelsat International Systems, LLC

18. Intelsat Investment Holdings S.à.r.l

19. Intelsat Investments S.A.

20. Intelsat Jackson Holdings S.A.

21. Intelsat License Holdings LLC

22. Intelsat License LLC

23. Intelsat Satellite LLC

24. Intelsat Service and Equipment LLC

25. Intelsat Subsidiary (Gibraltar) Limited

26. Intelsat UK Financial Services Ltd

27. Intelsat US Finance LLC

28. Intelsat Ventures S.à r.l

29. PanAmSat Europe Corporation

30. PanAmSat India LLC

31. PanAmSat India Marketing L.L.C.

32. PanAmSat International Holdings, LLC

33. PanAmSat International Sales, LLC

34. Southern Satellite Licensee LLC

35. Southern Satellite LLC

Case 20-32299-KLP Doc 1 Filed 05/14/20 Entered 05/14/20 00:12:37 Desc Main

Document Page 6 of 18
IN THE UNITED STATES BANKRUPTCY COURT 

FOR THE EASTERN DISTRICT OF VIRGINIA 

RICHMOND DIVISION 

 ) 

In re: ) Chapter 11 

 ) 

INTELSAT S.A., ) Case No. 20-___________(___) 

 ) 

 Debtor. ) 

 ) 

LIST OF EQUITY SECURITY HOLDERS1

Debtor Equity Holders Address of Equity Holder Percentage of 

Equity Held2

Intelsat S.A. Serafina S.A. 18 Rue Erasme 

Luxembourg N4 L-1468 34.1% 

Intelsat S.A. Cyrus Capital Partners, 

L.P. and related entities 

c/o Cyrus Capital Partners, L.P. 

65 East 55th Street, 35th Floor 

New York, NY 10022 

7.6%3

Intelsat S.A. Appaloosa LP and 

related entities 

51 John F Kennedy Pkwy, 

Short Hills, NJ 07078 7.4% 

Intelsat S.A. 

Discovery Capital 

Management, LLC and 

related entities 

20 Marshall Street 

Norwalk, Connecticut 06854 6.1% 

 

1 This list reflects holders of five percent or more of Intelsat S.A.’s common stock. This list serves as the 

disclosure required to be made by the debtor pursuant to rule 1007 of the Federal Rules of Bankruptcy 

Procedure. By the Debtors’ Motion for Entry of an Order (I) Extending Time to File Schedules and 

Statements of Financial Affairs, (II) Authorizing the Debtors to File a Consolidated List of Creditors in 

Lieu of Submitting a Separate Mailing Matrix for Each Debtor, (III) Authorizing the Debtors to File a 

Consolidated List of the Debtors’ Thirty Largest Unsecured Creditors, (IV) Waiving the Requirement to 

File a List of Equity Security Holders, (V) Authorizing the Debtors to Redact Certain Personal 

Identification Information, and (VI) Granting Related Relief, filed contemporaneously herewith, the 

Debtor is requesting a waiver of the requirement under Bankruptcy Rule 1007 to file a list of all of its 

equity security holders. 

2 Positions listed for Serafina S.A., Appaloosa LP and related entities, and Discovery Capital 

Management, LLC and related entities are as of April 1, 2020, according to the Proxy Statement filed 

with the Securities and Exchange Commission on April 28, 2020. 

3 Position listed for Cyrus Capital Partners, LP and related entities is as of April 27, 2020, according to 

their Schedule 13D beneficial ownership report, filed with the Securities and Exchange Commission 

as of May 4, 2020. 

Case 20-32299-KLP Doc 1 Filed 05/14/20 Entered 05/14/20 00:12:37 Desc Main

Document Page 7 of 18
IN THE UNITED STATES BANKRUPTCY COURT

FOR THE EASTERN DISTRICT OF VIRGINIA

RICHMOND DIVISION

)

In re: ) Chapter 11

)

INTELSAT S.A., ) Case No. 20-___________(___)

)

Debtor. )

)

CORPORATE OWNERSHIP STATEMENT

Pursuant to rules 1007(a)(1) and 7007.1 of the Federal Rules of Bankruptcy Procedure, the 

following are corporations, other than a government unit, that directly or indirectly own 10% or more of any 

class of the debtor’s equity interest:

Shareholder Approximate Percentage of Shares Held

Serafina S.A. 34.1%

Case 20-32299-KLP Doc 1 Filed 05/14/20 Entered 05/14/20 00:12:37 Desc Main

Document Page 8 of 18


Official Form 204

Total claim, if partially

secured

Deduction for value

of collateral or setoff Unsecured claim

1

U.S. BANK NATIONAL ASSOCIATION

60 LIVINGSTON AVE

ST PAUL, MN 55107

UNITED STATES

ATTN: RICK PROKOSCH

TITLE: VICE PRESIDENT

PHONE: 651‐466‐6619

EMAIL: RICK.PROKOSCH@USBANK.COM

8.5% SENIOR NOTES DUE 2024

(Includes unpaid interest) $3,075,383,000

2

U.S. BANK NATIONAL ASSOCIATION

60 LIVINGSTON AVE

ST PAUL, MN 55107

UNITED STATES

ATTN: RICK PROKOSCH

TITLE: VICE PRESIDENT

PHONE: 651‐466‐6619

EMAIL: RICK.PROKOSCH@USBANK.COM

5.5% SENIOR NOTES DUE 2023 $1,985,000,000

3

U.S. BANK NATIONAL ASSOCIATION

60 LIVINGSTON AVE

ST PAUL, MN 55107

UNITED STATES

ATTN: RICK PROKOSCH

TITLE: VICE PRESIDENT

PHONE: 651‐466‐6619

EMAIL: RICK.PROKOSCH@USBANK.COM

9.75% SENIOR NOTES DUE 2025 $1,885,000,000

4

U.S. BANK NATIONAL ASSOCIATION

60 LIVINGSTON AVE

ST PAUL, MN 55107

UNITED STATES

ATTN: RICK PROKOSCH

TITLE: VICE PRESIDENT

PHONE: 651‐466‐6619

EMAIL: RICK.PROKOSCH@USBANK.COM

9.5% SENIOR NOTES DUE 2023 $1,250,000,000

5

WELLS FARGO BANK, NATIONAL ASSOCIATION

420 MONTGOMERY STREET

SAN FRANCISCO, CA 94104

UNITED STATES

ATTN: MUNEERA CARR

TITLE: CONTROLLER

PHONE: 703‐734‐0021

EMAIL: MUNEERA.CARR@YAHOO.COM

8.125% SENIOR NOTES DUE 2023

(Excludes amounts held by

Debtors)

$8,883,370,008

6

U.S. BANK NATIONAL ASSOCIATION

60 LIVINGSTON AVE

ST PAUL, MN 55107

UNITED STATES

ATTN: RICK PROKOSCH

TITLE: VICE PRESIDENT

PHONE: 651‐466‐6619

EMAIL: RICK.PROKOSCH@USBANK.COM

7.75% SENIOR NOTES DUE 2021 $421,219,000

7

U.S. BANK NATIONAL ASSOCIATION

60 LIVINGSTON AVE

ST PAUL, MN 55107

UNITED STATES

ATTN: RICK PROKOSCH

TITLE: VICE PRESIDENT

PHONE: 651‐466‐6619

EMAIL: RICK.PROKOSCH@USBANK.COM

4.5% SENIOR CONVERTIBLE

NOTES DUE 2024 $402,500,000

8

MINISTRY OF PTT (ALGERIA)

4 BOULEVARD KRIM BELKACEM

ALGIERS, 16027

ALGERIA

ATTN: BRAHIM BOUMZAR

TITLE: MINISTER

PHONE: 213(0)21‐711‐220

EMAIL: CONTACT@MPTTN.GOV.DZ

FAX: 213(0)21 730 047

LEGACY SHAREHOLDER $9,631,781

9

IRAQ TELECOMMUNICATIONS & POST COMPANY

THE MINISTRY'S HEADQUARTERS, 8933+8G

AL‐NISOUR SQUARE ADJACENT TO THE BAGHDAD TOWER

BAGHDAD

IRAQ

ATTN: ANMAR HADI

PHONE: 964‐770‐768‐7654

EMAIL: ANMAR.HADI@SCIS.GOV.IQ

FAX: 8933+8G

LEGACY SHAREHOLDER $6,580,163

10

THE BOEING COMPANY

100 NORTH RIVERSIDE

CHICAGO, IL 60606

UNITED STATES

ATTN: MICHAEL ARTHUR

TITLE: SENIOR VICE PRESIDENT

PHONE: 312‐544‐2000

EMAIL: MICHAEL.ARTHUR@BOEING.COM

SATELLITE PERFORMANCE

INCENTIVES $6,283,365

11

JSAT INTERNATIONAL, INC.  

C/O SKY PERFECT JSAT CORPORATION

1401 H STREET NW, SUITE 220

WASHINGTON, DC 20005

UNITED STATES

ATTN: EIICHI YONEKURA

TITLE: PRESIDENT

PHONE: 202‐379‐4400

EMAIL: YONEKURA‐EIICHI@SPTVJSAT.COM

FAX: 202‐379‐4410

REVENUE SHARING CONTINGENT,

UNLIQUIDATED $3,950,000

12

HISPASAT S.A.

PASEO DE LA CASTELLANA, 39

MADRID, 28046

SPAIN

ATTN: JUAN JESUS GARCIA

TITLE: CHIEF FINANCIAL OFFICER

PHONE: 34‐91‐710‐25‐40

EMAIL: JJGARCIA@HISPASAT.ES

LEASEBACK PAYABLE $1,882,860

13

MINISTRY OF MARITIME AFFAIRS, TRANSPORTATION & COM

PRISAVLJE 14

ZAGREB, 10000

CROATIA

ATTN: OLEG BUTKOVIĆ

TITLE: MINISTER

PHONE: 385‐1‐6169‐115

EMAIL: MINISTAR@MMPI.HR

LEGACY SHAREHOLDER $1,799,156

14

FOX ENTERTAINMENT GROUP, INC.

500 SOUTH BUENA VISTA STREET

BURBANK, CA 91521

UNITED STATES

ATTN: BOB CHAPEK

TITLE: CHIEF FINANCIAL OFFICER

PHONE: 818‐560‐1000

EMAIL: ROBERT.CHAPEK@DISNEY.COM

CUSTOMER DEPOSIT CONTINGENT,

UNLIQUIDATED $1,685,907

15

AZERCOSMOS OJSCO

72 UZEYIR HAJIBEYLI STREET

BAKU, AZ1000

AZERBAIJAN

ATTN: RASHAD NABIYEV

TITLE: CHIEF EXECUTIVE OFFICER

PHONE: 994‐12‐565‐0055

EMAIL: RASHAD.NABIYEV@GMAIL.COM

FAX: 994‐12‐565‐0066

TRADE PAYABLE $1,582,456

16

MINISTRY OF TRANSPORT & COMM. (KGZ)

42 ISANOV ST

BISHKEK, KYRGYZ REPUBLIC 720017

KYRGYZSTAN

ATTN: BEISHENOV ZHANAT SAMATOVICH

TITLE: MINISTER

PHONE: 00996‐312‐314289

EMAIL: MTK@MTK.GOV.KG

FAX: 00996‐312‐312811

LEGACY SHAREHOLDER $1,562,513

17

TRYCO INTERNATIONAL, INC. ‐ GUINEA BISSEAU

6736 OLD MCLEAN VILLAGE DR.

MCLEAN, VA 22101

UNITED STATES

ATTN: FRANZ KARL ZENZ

TITLE: CHIEF EXECUTIVE OFFICER

PHONE: 703‐734‐0467

EMAIL: TRYCO@TRYCO.ORG

FAX: 703‐847‐0741

LEGACY SHAREHOLDER $1,562,513

18

TIM S.A.

AVENIDA JOÃO CABRAL DE MELLO NETO

850, BLOCO 1B, 4o ANDAR

BARRA DA TIJUCA, RIO DE JANEIRO CEP 22775‐057

BRAZIL

ATTN: PIETRO LABRIOLA

TITLE: CHIEF EXECUTIVE OFFICER

PHONE: 55‐21‐410‐940

EMAIL: PIETRO.LABRIOLA@ICLOUD.COM

CUSTOMER DEPOSIT CONTINGENT,

UNLIQUIDATED $1,336,156

19

NEW SKIES SATELLITES

CHÂTEAU DE BETZDORF

BETZDORF, GREVENMACHER 6815

LUXEMBOURG

ATTN: JOHN PURVIS

TITLE: CHIEF LEGAL OFFICER

PHONE: 352‐710‐725‐1

EMAIL: JOHN.PURVIS@SES.COM

REVENUE SHARING CONTINGENT,

UNLIQUIDATED $1,199,082

A list of creditors holding the 40 largest unsecured claims must be filed in a Chapter 11 or Chapter 9 case. Include claims which the debtor disputes. Do not include claims by any person or entity who is an insider, as defined in 11 U.S.C. § 101(31). Also,

do not include claims by secured creditors, unless the unsecured claim resulting from inadequate collateral value places the creditor among the holders of the 40 largest unsecured claims.

Name of creditor and complete mailing address, including zip code Name, telephone number, and email address of

creditor contact

Nature of the claim (for

example, trade debts,  bank

loans, professional services,

and government contracts)

Indicate if claim is

contingent,

unliquidated, or

disputed

Amount of unsecured claim

if the claim is fully unsecured, fill in only unsecured claim amount.  If

claim is partially secured, fill in total claim amount and deduction for

value of collateral or setoff to calculate unsecured claim.

Chapter 11 or Chapter 9 Cases: Consolidated List of Creditors Who Have the 40 Largest

Unsecured Claims and Are Not Insiders                                                                                                                                                          12/15

Fill in this information to identify the case:

Debtor name: Intelsat S.A., et al.

United States Bankruptcy Court for the: Eastern District of Virginia

Case number (If known): ______________ Check if this is an amended 

filing 

Official Form 204 Page 1

Case 20-32299-KLP Doc 1 Filed 05/14/20 Entered 05/14/20 00:12:37 Desc Main

Document Page 9 of 18
Debtor:      Intelsat S.A., et al. Case number (if known)_____________________________________

Total claim, if partially

secured

Deduction for value

of collateral or setoff Unsecured claim

Name of creditor and complete mailing address, including zip code Name, telephone number, and email address of

creditor contact

Nature of the claim (for

example, trade debts,  bank

loans, professional services,

and government contracts)

Indicate if claim is

contingent,

unliquidated, or

disputed

Amount of unsecured claim

if the claim is fully unsecured, fill in only unsecured claim amount.  If

claim is partially secured, fill in total claim amount and deduction for

value of collateral or setoff to calculate unsecured claim.

20

TYSONS CORNER OFFICE I LLC

2800 POST OAK BLVD

HOUSTON, TX 77056‐6188

UNITED STATES

ATTN: ROSEMARIE SUBASIC

TITLE: VICE PRESIDENT

PHONE: 713‐621‐8000

EMAIL: ROSEMARIE_SUBASIC@HINES.COM

FAX: 571‐730‐4725

LEASE PAYABLE $1,068,452

21

TELESPAZIO

VIA TIBURTINA

ROME, LAZIO 965 00156

ITALY

ATTN: CHRISTOPHE ROSENTHAL

TITLE: CHIEF FINANCIAL OFFICER

PHONE: 39‐06‐40791

EMAIL: CHRISTOPHE.ROSENTHAL@TELESPAZIO.COM

TRADE PAYABLE $943,169

22

PT INDOSAT

INDOSAT BUILDING

JALAN MEDAN MERDEKA BARAT NO. 21

CENTRAL JAKARTA, JAKARTA 10110

INDONESIA

ATTN: EYAS NAIF ASSAF

TITLE: CHIEF FINANCIAL OFFICER

PHONE: 62‐21‐3444 2606

EMAIL: AALNEAMA@OOREDOO.QA

FAX: 62‐21‐30003757

CUSTOMER DEPOSIT CONTINGENT,

UNLIQUIDATED $812,094

23

CELCOM (MALAYSIA) SDN. BHD.  (167469‐A)

NO. 6, PERSIARAN BARAT

SEKSYEN 52

PETALING JAYA, 46200

MALAYSIA

ATTN: JENNIFER WONG

TITLE: CHIEF FINANCIAL OFFICER

PHONE: 603‐7200‐2222

EMAIL: WONG.JENN@GMAIL.COM

CUSTOMER DEPOSIT CONTINGENT,

UNLIQUIDATED $764,570

24

ETISALAT

ETISALAT HEAD OFFICE BUILDING

ZAYED THE FIRST STREET

ABU DHABI CITY, ABU DHABI

UAE

ATTN: HATEM DOWIDAR

TITLE: CHIEF EXECUTIVE OFFICER

PHONE: 971‐2‐6283333

EMAIL: HDOWIDAR@ETISALAT.AE

FAX: 971‐2‐6317000

TRADE PAYABLE UNLIQUIDATED $750,000

25

KTSAT

13606 90, BULJEONG‐RO, BUNDANG‐GU

JEONGJA‐DONG

SEONGNAM‐SI, GYEONGGI‐DO 13606

SOUTH KOREA

ATTN: JI HONG KIM

TITLE: LEGAL COUNSEL

PHONE: 031‐727‐0114

EMAIL: JI.KIM@KT.COM

TRADE PAYABLE $719,769

26

EMETEL SOCIEDAD ANONIMA

ICARIA III, C/ VULCANO 1

OLEIROS, A CORUÑA 15172

SPAIN

ATTN: MANUEL LAGO VECINO

TITLE: DIRECTOR GENERAL

PHONE: 34‐981‐21‐68‐79

EMAIL: MLAGO@EMETEL.NET

FAX: 902‐36‐40‐01

CUSTOMER DEPOSIT CONTINGENT,

UNLIQUIDATED $545,970

27

ST ENGINEERING IDIRECT

13861 SUNRISE VALLEY DRIVE, SUITE 300

HERNDON, VA 20171

UNITED STATES

ATTN: KEVIN STEEN

TITLE: CHIEF EXECUTIVE OFFICER

PHONE: 703‐648‐8000

EMAIL: KSTEEN@IDIRECT.NET

FAX: 866‐345‐0983

TRADE PAYABLE $523,359

28

TELENOR SATELLITE BROADCASTING  AS

SNARØYVEIEN 30, M3A

FORNEBU, ØSTLANDET 1360

NORWAY

ATTN: MARTIN FOSS

TITLE: CHIEF FINANCIAL OFFICER

PHONE: 47‐670‐73‐470

EMAIL: MARTIN.FOSS@TELENOR.COM

TRADE PAYABLE $500,854

29

KDDI CORPORATION

GARDEN AIR TOWER

3‐10‐10, IIDABASH

CHIYODA‐KU, TOKYO 102‐8460

JAPAN

ATTN: YASUYUKI KOIDE

TITLE: CHIEF OPERATING OFFICER

PHONE: 212‐295‐1200

EMAIL: Y.KOIDE@KDDIA.COM

CUSTOMER DEPOSIT CONTINGENT,

UNLIQUIDATED $487,115

30

MERCURY SERVICOS DE TELECOMMUNICACOES, SARL GRUPO

STREET RAINHA GINGA N 29‐31, 13TH FLOOR

MAILBOX: 1316

LUANDA  

ANGOLA

ATTN: ADALBERTO FERNANDO NHINGUICA

TITLE: CHIEF EXECUTIVE OFFICER

PHONE: 244‐226‐621‐000

EMAIL: ADALBERTO.NHINGUICA@MSTELCOM.CO.AO

CUSTOMER DEPOSIT CONTINGENT,

UNLIQUIDATED $407,421

31

DISNEY CHANNEL, THE

500 SOUTH BUENA VISTA STREET

BURBANK, CA 91521

UNITED STATES

ATTN: BRENT WOODFORD

TITLE: CONTROLLERSHIP

PHONE: 818‐790‐0887

EMAIL: BRENT.WOODFORD@DISNEY.COM

CUSTOMER DEPOSIT CONTINGENT,

UNLIQUIDATED $388,465

32

TELEFONICA DE ARGENTINA S.A.

SUIPACHA 150 7MO PISO

BUENOS AIRES, CP 1008

ARGENTINA

ATTN: JOSÉ MARÍA ÁLVAREZ‐PALLETE

TITLE: CHIEF EXECUTIVE OFFICER

PHONE: 54‐11‐4332‐9200

EMAIL: JMALVPAL@TISA.TELEFONICA.COM

CUSTOMER DEPOSIT CONTINGENT,

UNLIQUIDATED $379,887

33

OPTUS SATELLITE PTY LTD

1 LYON PARK RD

MACQUARIE PARK

NEW SOUTH WALES 2113

AUSTRALIA

ATTN: KELLY BAYER ROSMARIN

TITLE: CHIEF EXECUTIVE OFFICER

PHONE: 0061‐280827800

EMAIL: KELLY_BAYER@YAHOO.COM

TRADE PAYABLE $353,666

34

RADIO TELEVISION GUATEMALA, S.A. ‐ CANAL 3

GUATEMALA SA ‐ 30 AVENIDA 3‐40, ZONA 11

GUATEMALA CITY  

GUATEMALA

ATTN: EDGAR SANDOVAL

TITLE: DIRECTOR OF ENGINEERING

PHONE: 011‐502‐2410‐3112

EMAIL: ESANDOVAL@CANAL3.COM.GT

FAX: 011‐502‐2410‐3110

CUSTOMER DEPOSIT CONTINGENT,

UNLIQUIDATED $352,800

35

LOCKHEED MARTIN AUSTRALIA PTY LTD

8 BRISBANE AVENUE

BARTON, ACT 2600

AUSTRALIA

ATTN: JOE NORTH

TITLE: CHIEF EXECUTIVE OFFICER

PHONE: 301‐897‐6837

EMAIL: JNORTH@LOCKHEEDMARTIN.COM

TRADE PAYABLE $351,603

36

COLOMBIA TELECOMUNICACIONES S.A. E.S.P.

TRANSV 60, AVENIDA SUBA

BOGOTA, 114A‐55 11001

COLOMBIA

ATTN: FABIÁN HERNÁNDEZ

TITLE: CHIEF EXECUTIVE OFFICER

PHONE: 57‐1‐705‐0007

EMAIL: FABIAN.HERNANDEZ@TELEFONICA.COM

CUSTOMER DEPOSIT CONTINGENT,

UNLIQUIDATED $298,118

37

PENSION BENEFIT GUARANTY CORPORATION

1200 K STREET, N.W.. SUITE 340

WASHINGTON, DC 20005‐4026

UNITED STATES

ATTN: PATRICIA KELLY

TITLE: CHIEF FINANCIAL OFFICER

PHONE: 703‐448‐0461

EMAIL: KELLY.PATRICIA@PBGC.GOV

FAX: 202‐326‐4112

PENSION LIABILITY CONTINGENT,

UNLIQUIDATED UNDETERMINED

38

INTERNATIONAL TELECOMMUNICATIONS SATELLITE ORGANIZATION (“ITSO”)

4400 JENIFER STREET, NW, SUITE #332

WASHINGTON, D.C. 20015

UNITED STATES

ATTN: PATRICK MASAMBU

TITLE: DIRECTOR

PHONE: 202‐243‐5096

EMAIL: PMASAMBU@ITSO.INT

LITIGATION

CONTINGENT,

UNLIQUIDATED,

DISPUTED

UNDETERMINED

39

PATRICIA EWING

ADDRESS ON FILE

CONTACT INFORMATION ON FILE

RETIREE RESTORATION PLAN CONTINGENT,

UNLIQUIDATED UNDETERMINED

40

JOSEPH A. JANKOWSKI

ADDRESS ON FILE

CONTACT INFORMATION ON FILE

RETIREE RESTORATION PLAN CONTINGENT,

UNLIQUIDATED UNDETERMINED

Note: Unsecured amounts contain projected estimates of pre-petition liability as of the Petition Date and are subject to change as accrued liabilities become invoiced.

Official Form 204 Page 2

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Document Page 10 of 18
Fill in this information to identify the case and this filing:

Debtor Name Intelsat S.A.

United States Bankruptcy Court for the: Eastern District of Virginia

 (State)

Case number (If known):

Official Form 202

Declaration Under Penalty of Perjury for Non-Individual Debtors 12/15

An individual who is authorized to act on behalf of a non-individual debtor, such as a corporation or partnership, must sign and 

submit this form for the schedules of assets and liabilities, any other document that requires a declaration that is not included in 

the document, and any amendments of those documents. This form must state the individual’s position or relationship to the 

debtor, the identity of the document, and the date. Bankruptcy Rules 1008 and 9011.

WARNING -- Bankruptcy fraud is a serious crime. Making a false statement, concealing property, or obtaining money or property 

by fraud in connection with a bankruptcy case can result in fines up to $500,000 or imprisonment for up to 20 years, or both. 

18 U.S.C. §§ 152, 1341, 1519, and 3571.

Declaration and signature

I am the president, another officer, or an authorized agent of the corporation; a member or an authorized agent of the 

partnership; or another individual serving as a representative of the debtor in this case.

I have examined the information in the documents checked below and I have a reasonable belief that the information is true 

and correct:

☐ Schedule A/B: Assets-Real and Personal Property (Official Form 206A/B)

☐ Schedule D: Creditors Who Have Claims Secured by Property (Official Form 206D)

☐ Schedule E/F: Creditors Who Have Unsecured Claims (Official Form 206E/F)

☐ Schedule G: Executory Contracts and Unexpired Leases (Official Form 206G)

☐ Schedule H: Codebtors (Official Form 206H)

☐ Summary of Assets and Liabilities for Non-Individuals (Official Form 206Sum)

☐ Amended Schedule

☒

☒

Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 40 Largest Unsecured Claims and Are Not Insiders

(Official Form 204)

Other document that requires a declaration List of Equity Security Holders and Corporate Ownership

Statement

 I declare under penalty of perjury that the foregoing is true and correct.

Executed on 05/13/2020 /s/ David Tolley

MM/ DD/YYYY Signature of individual signing on behalf of debtor 

David Tolley

Printed name

Executive Vice President, Chief Financial Officer, and 

Co-Chief Restructuring Officer

Position or relationship to debtor

Official Form 202 Declaration Under Penalty of Perjury for Non-Individual Debtors

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Document Page 11 of 18
OFFICER’S CERTIFICATE

May 13, 2020

I, Michelle Bryan, hereby certify that I am the Secretary of the entity identified on Exhibit A

hereto (the “Company”), and do hereby certify solely on behalf of the Company and not in my individual 

capacity, that attached hereto as Exhibit A is a true, correct, and complete copy of the resolutions duly 

adopted by the board of directors, board of managers or sole members, as applicable, of the 

Company. Such resolutions are the only resolutions relating thereto and have not been amended, 

rescinded, modified, or revoked since the date of adoption thereof, and are in full force and effect on the 

date hereof.

***

Case 20-32299-KLP Doc 1 Filed 05/14/20 Entered 05/14/20 00:12:37 Desc Main

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Document Page 13 of 18
Exhibit A

Resolutions

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Document Page 14 of 18
INTELSAT S.A.

société anonyme

4, rue Albert Borschette

L-1246 Luxembourg

RCS Luxembourg B.162135

(the “Company”)

RESOLUTIONS 

WHEREAS, the Board has considered certain materials presented by, or on 

behalf of, the Company’s management (“Management”) and financial and legal advisors 

(collectively, “Advisors”), including, but not limited to, materials regarding the liabilities, 

obligations and liquidity of the Company, the strategic alternatives available to the 

Company, and the impact of the foregoing on the Company’s business and the business 

of the Company’s affiliates.

WHEREAS, the Board has had adequate opportunity to consult with its 

Management and Advisors regarding the materials presented, to obtain additional 

information and to fully consider each of the strategic alternatives available to the 

Company.

WHEREAS, the Board has determined, in the judgement of the Board, that the 

following resolutions are advisable and in the best interests of the Company, its interest 

holders, its subsidiaries, its creditors and other parties in interest.

Voluntary Petition for Relief under Applicable Bankruptcy Law and Seeking 

Necessary Relief

NOW, THEREFORE, BE IT

CONFIRMED, that the members of the Board have considered their fiduciary 

duties under applicable law in exercising their powers and discharging their duties, to act 

honestly and in good faith with a view to the best interests of the Company as a whole 

and to exercise the care, diligence and skill that a reasonably prudent person would 

exercise in comparable circumstances.

RESOLVED, that in the judgment of the Board, it is desirable and in the best 

interest of the Company, its interest holders, its subsidiaries, its creditors, and other

parties in interest, that the Company shall be, and hereby is, in all respects authorized to

file, or cause to be filed, a voluntary petition for relief (the “Bankruptcy Petition”) under 

the provisions of chapter 11 of title 11 of the United States Code, 11 U.S.C. § 101 et seq. 

(as amended, the “Bankruptcy Code”) for the Company and any applicable foreign 

ancillary proceedings for the Company; and, in accordance with the requirements of the

Company’s governing documents and applicable law, hereby consents to, authorizes and 

approves, the filing of the Bankruptcy Petitions and the foreign ancillary proceedings (if 

any).

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Document Page 15 of 18
RESOLVED, that any director or duly appointed officer of the Company, each 

acting individually and with full power of substitution (together with any persons to 

whom such persons delegate certain responsibilities, collectively, the “Authorized 

Persons”) be, and hereby is, authorized to execute and file on behalf of the Company and 

its subsidiaries all petitions, schedules, lists, and other motions, papers, or documents, 

and to take any and all action that such Authorized Person deems necessary or proper to 

obtain such relief, including, but not limited to, any action necessary or proper to 

maintain the ordinary course operations of the Company or any of its subsidiaries.

Retention of Professionals

RESOLVED, that each of the Authorized Persons, acting individually and with 

full power of substitution, be, and hereby is, authorized, empowered and directed to 

employ the following professionals on behalf of the Company: (i) the law firm of 

Kirkland & Ellis LLP (“K&E”), as general bankruptcy counsel, (ii) the firm of Alvarez &

Marsal North America, LLC (“A&M”), as a restructuring advisor, (iii) the firm of PJT

Partners LP (“PJT”), as financial advisor and investment banker, (iv) Deloitte LLP 

(“Deloitte”), as tax advisor, and (v) and any other legal counsel, accountants, financial 

advisors, restructuring advisors or other professionals such Authorized Person deems

necessary, appropriate or advisable; each to represent and assist the Company in carrying 

out its duties and responsibilities and exercising its rights under the Bankruptcy Code and 

any applicable law (including, but not limited to, the law firms filing any pleadings or 

responses) and to take any and all actions to advance the rights and obligations of the 

Company, including filing any motions, objections, replies, applications, or pleadings; 

and in connection therewith, each of the Authorized Persons be, and hereby is authorized, 

empowered and directed, in accordance with the terms and conditions hereof, to execute 

appropriate retention agreements, pay appropriate retainers, and to cause to be filed 

appropriate applications for authority to retain such services.

Cash Collateral

RESOLVED, the Board has determined that the Company will obtain benefits 

from the use of the collateral, including cash collateral, as such term is defined in section 

363(a) of the Bankruptcy Code (the “Cash Collateral”), which is security for certain of 

the Company’s prepetition secured lenders and noteholders (the “Prepetition Secured 

Parties”) under that certain credit agreement, dated as of January 12, 2011 (as amended, 

supplemented or otherwise modified from time to time), by and among, inter alia,

Intelsat Jackson Holdings S.A., the guarantors from time to time party thereto, and Bank 

of America, N.A., as administrative agent; that certain indenture, dated as of March 29, 

2016 (as amended, supplemented or otherwise modified from time to time), by and 

among, inter alia, Intelsat Jackson Holdings S.A., the Company, certain subsidiary 

guarantors from time to time party thereto, and Wilmington Trust, National Association, 

as trustee; and that certain indenture, dated as of June 30, 2016 (as amended, 

supplemented or otherwise modified from time to time), by and among, inter alia, 

Intelsat Jackson Holdings S.A., the Company, certain subsidiary guarantors from time to 

time party thereto, and Wilmington Trust, National Association, as trustee.

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Document Page 16 of 18
RESOLVED, that each of the Authorized Persons, each acting individually and 

with full power of substitution, be, and hereby is, authorized, directed and empowered in 

the name of, and on behalf of, the Company to seek approval of the use of cash collateral 

pursuant to a cash collateral order in interim and final form (a “Cash Collateral Order”), 

and to negotiate, execute (under the common seal, if appropriate), and deliver any and all 

agreements, instruments, or documents, by or on behalf of the Company, necessary or 

advisable to implement the Cash Collateral Order, including providing for adequate 

protection to the Prepetition Secured Parties in accordance with section 363 of the 

Bankruptcy Code, as well as any additional or further agreements for the use of cash 

collateral in connection with the Company’s chapter 11 cases, which agreement(s) may 

require the Company to grant adequate protection and security interests to the Prepetition 

Secured Parties and each other agreement, instrument, or document to be executed and 

delivered in connection therewith, by or on behalf of the Company pursuant thereto or in 

connection therewith, all with such changes therein and additions thereto as any 

Authorized Person in his/her absolute discretion approves, such approval to be 

conclusively evidenced by the taking of such action or by the execution and delivery 

thereof.

RESOLVED, that each of the Authorized Persons of the Company, each acting 

individually and with full power of substitution, be, and hereby is, authorized, directed, 

and empowered in the name of, and on behalf of, the Company to execute (under the 

common seal, if appropriate) and deliver any amendments, supplements, modifications, 

renewals, replacements, consolidations, substitutions, and extensions of the Cash 

Collateral Order or to do such other things which shall in his/her absolute discretion be 

necessary, desirable, proper, or advisable to give effect to the foregoing resolutions, 

which determination shall be conclusively evidenced by his/her or their execution 

thereof.

Further Actions and Prior Actions

RESOLVED, that each of the Authorized Persons, each acting individually and 

with full power of substitution be, and hereby is, authorized, empowered and directed to 

execute and file all petitions, schedules, motions, lists, applications, pleadings, and other 

papers, and to perform such further actions and execute such further documentation that 

such Authorized Person in their absolute discretion deems necessary, appropriate or 

desirable in accordance with these resolutions.

RESOLVED, that to the extent the Company is directly or indirectly the sole 

member, general partner, managing member, equivalent manager, or other governing 

body of certain of the Company’s subsidiaries (each, a “Controlled Company”), each 

Authorized Person is authorized, empowered and directed to take each of the actions 

described in these resolutions or any of the actions authorized by these resolutions on 

behalf of each such applicable Controlled Company.

RESOLVED, that any Authorized Person of a Company is hereby authorized, 

empowered and directed to execute, on behalf of the Company, a consent of the sole 

member of each Controlled Company whereby such Controlled Company resolves that, 

Case 20-32299-KLP Doc 1 Filed 05/14/20 Entered 05/14/20 00:12:37 Desc Main

Document Page 17 of 18
notwithstanding any provision of the Limited Liability Company Agreement or the 

Partnership Agreement of such Controlled Company, and notwithstanding that the 

Delaware Limited Liability Company Act (the “LLC Act”) may provide to the contrary 

(including Section 18-304 of the Act) or the Delaware Revised Uniform Limited 

Partnership Act (the “DRULPA”) may provide to the contrary (including Section 17-402

of the Act), the occurrence of any event of the type identified in Section 18-304 of the 

LLC Act or Section 17-402 of the DRULPA with respect to a member or general partner, 

as applicable, of such Controlled Company shall not cause such member or general 

partner, as applicable, to cease to be a member of such Controlled Company and, upon 

the occurrence of such an event, such Controlled Company shall continue without 

dissolution.

RESOLVED, that, in addition to the specific authorizations heretofore conferred 

upon the Authorized Persons, the Authorized Persons, either individually or as otherwise 

required by the Company’s governing documents and applicable law, be, and each of 

them hereby is, authorized to take any and all such other and further actions, and to do all 

such other deeds and other things as the Company itself may lawfully do, in accordance 

with its governing documents and applicable law, including but not limited to, the 

negotiation, finalization, execution, acknowledgement, delivery, and filing of any and all 

agreements, certificates, instruments, powers of attorney, letters, forms, transfer, deeds 

and other documents on behalf of the Company, and the payment of all expenses, 

including but not limited to filing fees, in each case as such Authorized Person’s or 

Authorized Persons’ may, in his/her/its/their absolute and unfettered discretion approve, 

deem or determine necessary, appropriate, advisable or desirable in order to fully carry 

out the intent and accomplish the purposes of the resolutions adopted herein; such 

approval, deeming or determination to be conclusively evidenced by said individual 

taking such action or the execution thereof.

RESOLVED, that the Board has received sufficient notice of the actions and 

transactions relating to the matters contemplated by the foregoing resolutions, as may be 

required by the organizational documents of the Company, or hereby waives any right to 

have received such notice.

RESOLVED, that all acts, actions, and transactions relating to the matters 

contemplated by the foregoing resolutions done in the name of and on behalf of the 

Company, which acts would have been approved by the foregoing resolutions except that 

such acts were taken before the adoption of these resolutions, are hereby in all respects 

approved, confirmed and ratified as the true acts and deeds of the Company with the

same force and effect as if each such act, transaction, agreement, or certificate had been 

specifically authorized in advance by resolution of the Board.

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