Document:

EX-10.82

 Exhibit 10.82 
 AMENDMENT NO. 1 TO 
 SHAREHOLDERS AGREEMENT 

This Amendment No. 1 (this “Amendment”) is made as of December 7, 2009, among Intelsat Global, Ltd., a Bermuda
exempted company (the “Company”), the shareholders listed on Schedule A hereto (collectively, the “BC Investors”) and the shareholders listed on Schedule B hereto (collectively, “Silver
Lake” and, together, with the BC Investors and Silver Lake, the “Shareholders”), and amends that certain Shareholders Agreement, dated as of February 4, 2008, by and among Serafina Holdings Limited, a Bermuda exempted
company and the predecessor entity to the Company, and the Shareholders (the “Initial Agreement”) 
 R E C
I T A L S 
 WHEREAS, the Company desires to migrate from Bermuda to Luxembourg and become a Luxembourg
société anonyme under Luxembourg corporate law for a variety of corporate purposes (the “Migration”); 
 WHEREAS, the Company and the Shareholders wish to amend the Initial Agreement in connection with the Migration; and 
 WHEREAS, the Company and the Shareholders believe that the terms of this Amendment are in the best interests of the Company, provide for the stability in management of the Company, provide for diversity
of interests on the Board of Directors of the Company, and promote more active involvement in the affairs of the Company by certain minority shareholders. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
to this Amendment hereby agree as follows: 
 A G R E E M E N T 

1. Defined Terms. Capitalized terms used and not otherwise defined in this Amendment shall have the respective meanings given them
in the Initial Agreement (for the avoidance of doubt, as applicable, as amended by this Amendment). 
 2. Amendment to Initial
Agreement. 
 Upon the occurrence of the Amendment Effective Date (as defined below), the following amendments are hereby
made to the Initial Agreement, with full force and effect as of the Amendment Effective Date: 
 2.1 References to Serafina
Holdings Limited. All references to “Serafina Holdings Limited” are hereby replaced with “Intelsat Global, Ltd.” 

 2.2 Amendment to Voting Agreement. Section 2.02(b) of the Initial Agreement is hereby
deleted and replaced in its entirety with the following: 
 “(b) Voting Agreement. For a period of 10 years from
Amendment No. 1 of this Agreement, each Shareholder agrees to vote all Shares owned or held of record by such Shareholder to elect (or to execute such written consent consenting to the election of) the nominees designated pursuant to subsection
2.02(a) above at each election of Directors held after the date hereof (or each written consent in lieu thereof).” 
 2.3
Amendment to Definitions. Section 8.01 of the Initial Agreement is hereby amended to add a new Section 8.01(e) and to renumber the remaining subsections of Section 8.01(e): 

“(e) “Amendment No. 1” shall mean Amendment No. 1 to this Agreement, dated December 7, 2009.”

 2.4 Amendment to Severability. Section 8.07 of the Initial Agreement is hereby deleted and replaced in its
entirety with the following: 
 “Section 9.07 Severability. In the event that any part or parts of this Agreement
shall be held illegal or unenforceable by any court or administrative body of competent jurisdiction, such determination shall not affect the remaining provisions of this Agreement which shall remain in full force and effect. If legally permitted,
the unenforceable provision will be replaced with an enforceable provision that as nearly as possible gives effect to the parties’ intent.” 
 3. Condition to Amendment Effective Date. The effectiveness of this Amendment is subject to the consummation of the Migration (the “Amendment Effective Date”). 

4. Miscellaneous. 
 4.1 Governing Law. This Amendment shall be governed in all respects by the laws of the State of New York without regard to choice of laws or conflict of laws provisions thereof that would require
the application of the laws of any other jurisdiction. 
 4.2 Counterparts. This Amendment may be executed in any number
of counterparts and signatures may be delivered by facsimile or in electronic format (i.e., “PDF”) , each of which may be executed by less than all parties, each of which shall be enforceable against the parties actually executing such
counterparts, and all of which together shall constitute one instrument. 
 4.3 Severability. In the event that any part
or parts of this Amendment shall be held illegal or unenforceable by any court or administrative body of competent jurisdiction, such determination shall not affect the remaining provisions of this Amendment which shall remain in full force and
effect. If legally permitted, the unenforceable provision will be replaced with an enforceable provision that as nearly as possible gives effect to the parties’ intent.” 

4.4 Successors and Assigns. This Amendment shall inure to the benefit of and be binding upon the successors and assigns of each of
the parties. 

  
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 4.5 Submission to Jurisdiction; Waiver of Jury Trial. EACH PARTY HERETO HEREBY
SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW YORK AND OF ANY NEW YORK STATE COURT SITTING IN THE CITY OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS
AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A
COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. EACH PARTY HERETO IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS
AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 4.6 Specific Performance. The Company and the Shareholders hereby
acknowledge and agree that it is impossible to measure in money the damages which will accrue to the parties hereto by reason of the failure of any party hereto to perform any of its obligations set forth in this Amendment and that, in the event of
any such failure, an aggrieved party will be irreparably damaged and will not have an adequate remedy at law. Any such party shall, therefore, be entitled (in addition to any other remedy to which such party may be entitled at law or in equity) to
injunctive relief, including specific performance, to enforce such obligations, without the posting of any bond and if any action should be brought in equity to enforce any of the provisions of this Amendment, none of the parties hereto shall raise
the defense that there is an adequate remedy at law. 
 [Remainder of the page left intentionally blank.] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first
above written. 
  

					
	INTELSAT GLOBAL, LTD.
		
	By:	 	 /s/ Phillip Spector

		 	Name:	 	Phillip Spector
		 	Title:	 	EVP

  

SIGNATURE PAGE TO AMENDMENT NO. 1 TO
SHAREHOLDERS AGREEMENT 

 SHAREHOLDERS: 

 

			
	 For and on behalf of the Limited Partnerships comprising 
 BC EUROPEAN CAPITAL VIII – 1 to 12 and 14 to 34

		
		 	 /s/ Laurence McNairn

		 	Laurence McNairn
		 	Director, CIE Management II Limited acting as General Partner of the Limited Partnerships comprising BC European Capital VIII – 1 to 12 and 14 to 34
		
		 	 /s/ Authorized Signatories

		 	Heritage International Fund Managers Limited
		 	Company Secretary, CIE Management II Limited acting as General Partner of the Limited Partnerships comprising BC European Capital VIII – 1 to 12 and 14 to 34
	
	For and on behalf of BC European Capital 35 SC:
		
		 	 /s/ Matthew Elston

		 	 /s/ Mike Twinning

		 	Matthew Elston        Mike Twinning
		 	Director, LMBO Europe SAS
		 	As Gérant to BC European Capital 35 SC

  

SIGNATURE PAGE TO AMENDMENT NO. 1 TO
SHAREHOLDERS AGREEMENT 

 
			
	For and on behalf of BC European Capital 36 SC:
		
		 	 /s/ Matthew Elston

		 	 /s/ Mike Twinning

		 	Matthew Elston        Mike Twinning
		 	Director, LMBO Europe SAS
		 	As Gérant to BC European Capital 36 SC
	
	For and on behalf of BC European Capital 37 SC:
		
		 	 /s/ Matthew Elston

		 	 /s/ Mike Twinning

		 	Matthew Elston        Mike Twinning
		 	Director, LMBO Europe SAS
		 	As Gérant to BC European Capital 37 SC
	
	For and on behalf of BC European Capital-Intelsat Syndication L.P.:
		
		 	 /s/ Laurence McNairn

		 	Laurence McNairn
		 	Director, CIE Management II Limited acting as
		 	General Partner of BC European Capital – Intelsat Syndication L.P.
		
		 	 /s/ Authorized Signatories

		 	Heritage International Fund Managers Limited
		 	Company Secretary, CIE Management II Limited acting as General Partner of BC European Capital – Intelsat Syndication L.P.

  

SIGNATURE PAGE TO AMENDMENT NO. 1 TO
SHAREHOLDERS AGREEMENT 

 
			
	For and on behalf of BC European Capital 38 SC:
		
		 	 /s/ Matthew Elston

		 	 /s/ Mike Twinning

		 	Matthew Elston        Mike Twinning
		 	Director, LMBO Europe SAS
		 	As Gérant to BC European Capital 38 SC
	
	For and on behalf of BC European Capital 39 SC:
		
		 	 /s/ Matthew Elston

		 	 /s/ Mike Twinning

		 	Matthew Elston        Mike Twinning
		 	Director, LMBO Europe SAS
		 	As Gérant to BC European Capital 39 SC
	
	For and on behalf of BC European Capital-Intelsat Co-Investment:
		
		 	 /s/ Laurence McNairn

		 	Laurence McNairn
		 	Director, CIE Management II Limited acting as
		 	General Partner of BC European Capital – Intelsat Co-Investment
		
		 	 /s/ Authorized Signatories

		 	Heritage International Fund Managers Limited
		 	Company Secretary, CIE Management II Limited acting as General Partner of BC European Capital – Intelsat Co-Investment

  

SIGNATURE PAGE TO AMENDMENT NO. 1 TO
SHAREHOLDERS AGREEMENT 

 
			
	For and on behalf of BC European Capital-Intelsat Co-Investment 1:
		
		 	 /s/ Laurence McNairn

		 	Laurence McNairn
		 	Director, CIE Management II Limited acting as
		 	General Partner of BC European Capital – Intelsat Co-Investment 1
		
		 	 /s/ Authorized Signatories

		 	Heritage International Fund Managers Limited
		 	Company Secretary, CIE Management II Limited acting as General Partner of BC European Capital – Intelsat Co-Investment 1

  

SIGNATURE PAGE TO AMENDMENT NO. 1 TO
SHAREHOLDERS AGREEMENT 

 
					
	SILVER LAKE PARTNERS III, L.P.
		
	By:	 	Silver Lake Technology Associates III, L.P.,
		 	its general partner
		
	By:	 	SLTA III (GP), L.L.C., its general partner
		
	By:	 	Silver Lake Group, L.L.C., its managing member
		
	By:	 	 /s/ James A. Davidson

		 	Name:	 	James A. Davidson
		 	Title:	 	Managing Member
	
	SILVER LAKE TECHNOLOGY INVESTORS III, L.P.
		
	By:	 	Silver Lake Technology Associates III, L.P.,
		 	its general partner
		
	By:	 	SLTA III (GP), L.L.C., its general partner
		
	By:	 	Silver Lake Group, L.L.C., its managing member
		
	By:	 	 /s/ James A. Davidson

		 	Name:	 	James A. Davidson
		 	Title:	 	Managing Member

  

SIGNATURE PAGE TO AMENDMENT NO. 1 TO
SHAREHOLDERS AGREEMENT 

 SCHEDULE A 
 BC Investors 
  

					
	 Shareholder
	  	Number of Class A
Shares	 
	 BC European Capital VIII-1
	  	 	606,391.71	  
	 BC European Capital VIII-2
	  	 	587,987.28	  
	 BC European Capital VIII-3
	  	 	605,028.42	  
	 BC European Capital VIII-4
	  	 	777,075.70	  
	 BC European Capital VIII-5
	  	 	777,075.70	  
	 BC European Capital VIII-6
	  	 	770,259.25	  
	 BC European Capital VIII-7
	  	 	770,259.25	  
	 BC European Capital VIII-8
	  	 	764,124.44	  
	 BC European Capital VIII-9
	  	 	770,259.25	  
	 BC European Capital VIII-10
	  	 	760,716.22	  
	 BC European Capital VIII-11
	  	 	458,474.67	  
	 BC European Capital VIII-12
	  	 	122,696.16	  
	 BC European Capital VIII-14
	  	 	136,465.40	  
	 BC European Capital VIII-15
	  	 	10,906.33	  
	 BC European Capital VIII-16
	  	 	68,164.54	  
	 BC European Capital VIII-17
	  	 	4,089.87	  
	 BC European Capital VIII-18
	  	 	3,408.23	  
	 BC European Capital VIII-19
	  	 	3,408.23	  
	 BC European Capital VIII-20
	  	 	3,408.23	  
	 BC European Capital VIII-21
	  	 	3,408.23	  
	 BC European Capital VIII-22
	  	 	1,635.95	  
	 BC European Capital VIII-23
	  	 	1,363.29	  
	 BC European Capital VIII-24
	  	 	1,090.63	  
	 BC European Capital VIII-25
	  	 	954.30	  
	 BC European Capital VIII-26
	  	 	681.65	  
	 BC European Capital VIII-27
	  	 	681.65	  
	 BC European Capital VIII-28
	  	 	681.65	  
	 BC European Capital VIII-29
	  	 	408.99	  
	 BC European Capital VIII-30
	  	 	408.99	  
	 BC European Capital VIII-31
	  	 	272.66	  
	 BC European Capital VIII-32
	  	 	272.66	  
	 BC European Capital VIII-33
	  	 	136.33	  
	 BC European Capital VIII-34
	  	 	136.33	  
	 BC European Capital VIII-35 SC
	  	 	4,089.87	  
	 BC European Capital VIII-36 SC
	  	 	272.66	  
	 BC European Capital VIII-37 SC
	  	 	272.66	  
	 BC European Capital VIII-38 SC
	  	 	136.33	  
	 BC European Capital VIII-39 SC
	  	 	136.33	  
	 BC European Capital – Intelsat Co-Investment
	  	 	1,312,760.00	  
	 BC European Capital – Intelsat Co-Investment 1
	  	 	1,750,000.00	  
	 BC European Capital – Intelsat Syndication L.P.
	  	 	250,000.00	  

 SCHEDULE B 
 Silver Lake 
  

					
	 Shareholder
	  	Number of Class A
Shares	 
		
	 Silver Lake Partners III, L.P.
	  	 	2,489,976.25	  
	 Silver Lake Technology Investors III, L.P.
	  	 	10,023.75EX-10.83

 Exhibit 10.83 
 AMENDMENT NO. 2 TO 
 SHAREHOLDERS AGREEMENT AND ASSIGNMENT

 This Amendment No. 2 (this “Amendment”) is made as of March 30, 2012, among Intelsat
Global S.A. (f/k/a/ Intelsat Global, Ltd.), a Luxembourg société anonyme, RCS Luxembourg B149927 (“Intelsat Global”), Intelsat Global Holdings S.A., a Luxembourg société anonyme, RCS
Luxembourg B162135 (“Intelsat Global Holdings”), the shareholder listed on Schedule A hereto (the “BC Investor”), the shareholder listed on Schedule B hereto (“Silver Lake” and,
together with the BC Investor, the “Shareholders”), the Affiliates of the BC Investor signatory hereto (the “Former BC Shareholders”) and the Affiliates of Silver Lake signatory hereto (the “Former Silver
Lake Shareholders”), and amends that certain Shareholders Agreement, dated as of February 4, 2008, by and among Serafina Holdings Limited, a Bermuda exempted company and the predecessor entity to Intelsat Global, the Former BC
Shareholders and the Former Silver Lake Shareholders, as amended by that certain Amendment No. 1 to Shareholders Agreement, dated December 7, 2009, by and among Intelsat Global, the Former BC Shareholders and the Former Silver Lake
Shareholders (together, the “Initial Agreement”). 
 R E C I T A L S 

WHEREAS, prior to, or concurrently with entering into, this Amendment, (i) the Former BC Shareholders and the BC Investor have
entered into, or are entering into, that certain contribution agreement, pursuant to which the Former BC Shareholders are contributing all of their common shares of Intelsat Global to the BC Investor, and (ii) the Former Silver Lake
Shareholders and Silver Lake have entered into, or are entering into, that certain contribution agreement, pursuant to which the Former Silver Lake Shareholders are contributing all of their common shares of Intelsat Global to Silver Lake;

 WHEREAS, prior to the date of this Amendment, (i) Intelsat Global has formed Intelsat Global Holdings as a wholly-owned
subsidiary of Intelsat Global and (ii) Intelsat Global Holdings has formed a new intermediate holding company, Intelsat Investment Holdings S.àr.l., RCS Luxembourg B162240, to hold all of the outstanding shares of Intelsat Global
Holdings’ subsidiaries; 
 WHEREAS, Intelsat Global Holdings and all of the shareholders of Intelsat Global (including the
Shareholders) are entering into certain contribution agreements, pursuant to which such shareholders are contributing their Class A common shares, nominal value $0.01 per share, of Intelsat Global and Class B common shares, nominal value $0.01
per share, of Intelsat Global to Intelsat Global Holdings in exchange for Class A common shares, nominal value $0.01 per share, of Intelsat Global Holdings and Class B common shares, nominal value $0.01 per share, of Intelsat Global Holdings,
all on the terms and conditions set forth in such contribution agreements (the “Transactions”); 
 WHEREAS,
immediately following the Transactions, the Shareholders will hold the number of common shares of Intelsat Global Holdings (the “Shares”) as set forth opposite such Shareholder’s name on the Schedules hereto and will not
directly own any common shares of Intelsat Global; 

 WHEREAS, Intelsat Global, Intelsat Global Holdings and the Shareholders wish to amend the
Initial Agreement in connection with the Transactions to provide for the assignment of the Initial Agreement from Intelsat Global to Intelsat Global Holdings; and 
 WHEREAS, Intelsat Global, Intelsat Global Holdings and the Shareholders believe that the terms of this Amendment are in the best interests of Intelsat Global and Intelsat Global Holdings. 

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties to this Amendment hereby agree as follows: 
 A G R E
E M E N T 
 1. Defined Terms. Capitalized terms used and not otherwise defined in this Amendment shall have the
respective meanings given them in the Initial Agreement (for the avoidance of doubt, as applicable, as amended by this Amendment). 
 2. Assignment and Assumption. 
 2.1 Assignment of Initial Agreement.
Effective as of the Amendment Effective Date (as defined below), Intelsat Global agrees to transfer, convey and assign to Intelsat Global Holdings all of Intelsat Global’s obligations, liabilities, rights, title and interest in the Initial
Agreement, as amended hereby. 
 2.2 Assumption of Obligations. Effective as of the Amendment Effective Date, Intelsat
Global Holdings hereby assumes and agrees (a) to accept the transfer, conveyance and assignment of the Initial Agreement, as amended hereby, and (b) to become a party to the Initial Agreement, as amended hereby, and hereby assumes all
obligations, liabilities, rights, title and interest of Intelsat Global with respect to the Initial Agreement, as amended hereby. 
 2.3. Release of Intelsat Global. Effective as of the Amendment Effective Date, Intelsat Global Holdings and each of the Shareholders hereby releases Intelsat Global from any obligations and
liabilities relating to the Initial Agreement, as amended hereby. 
 2.4 Sponsor Shareholder Transfers. Notwithstanding
anything to the contrary in the Initial Agreement, (a) the BC Investor agrees to become a party to, and be bound by, the terms of the Initial Agreement, as amended hereby, as a Permitted Transferee of the Former BC Shareholders, and assume all
obligations, liabilities, rights, title and interest of the Former BC Shareholders under the Initial Agreement, as amended hereby, and (b) Silver Lake agrees to become a party to, and be bound by, the terms of the Initial Agreement, as amended
hereby, as a Permitted Transferee of the Former Silver Lake Shareholders and assume all obligations, liabilities, rights, title and interest of the Former Silver Lake Shareholders under the Initial Agreement, as amended hereby. The Former BC
Shareholders and the Former Silver Lake Shareholders are hereby released from all obligations and liabilities under the Initial Agreement, as amended hereby, other than (i) any obligations thereunder with respect to the Confidential Information
(as defined in the Initial Agreement) and (ii) with respect to any 

  
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breaches, on or prior to the date of this Amendment, of any of their respective representations, warranties, covenants or agreements set forth therein, and shall no longer be parties to the
Initial Agreement, as amended hereby. 
 2.5 Indirect Transfers. For avoidance of doubt, a sale, transfer conveyance,
assignment, pledge, encumbrance, hypothecation or other disposition of an interest in any Shareholder all or substantially all of whose assets are Shares shall constitute a “Transfer” for purposes of the Initial Agreement as amended
hereby, as if such interest was a direct interest in the Company. To the extent any of the BC Investor or Silver Lake ceases to be a Permitted Transferee of the Former BC Shareholders or the Former Silver Lake Shareholders, respectively, the BC
Investor or Silver Lake, as the case may be, shall Transfer back to the Former BC Shareholders or the Former Silver Lake Shareholders, as the case may be, (or to another Permitted Transferee of the Former BC Shareholders or the Former Silver Lake
Shareholders) any Shares it owns. 
 3. Amendment to Initial Agreement. 

Upon the occurrence of the Amendment Effective Date (as defined below), the following amendments are hereby made to the Initial
Agreement, with full force and effect as of the Amendment Effective Date: 
 3.1 References to Intelsat Global, Ltd. and the
“Company”. All references to “Intelsat Global, Ltd.” are hereby replaced with “Intelsat Global Holdings S.A.” Furthermore, the defined term “the Company” shall be deemed to refer to Intelsat Global
Holdings, as its legal name may be changed from time to time. 
 3.2 References to Intelsat Holdings, Ltd. All references
to “Intelsat Holdings, Ltd.” are hereby replaced with “Intelsat Holdings S.A.” 
 3.3 References to BC
Investors. All references to “BC Investors” are hereby replaced with “BC Investor.” 
 4. Condition
to Amendment. The effectiveness of this Amendment is subject to the consummation of the Transactions (such date of consummation, the “Amendment Effective Date”). 

5. Miscellaneous. 
 5.1 Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely within such
State. 
 5.2 Counterparts. This Amendment may be executed in two or more counterparts (including by facsimile or pdf
format), each of which shall be deemed an original and all of which together shall be considered one and the same agreement. 

5.3 Severability. In the event that any part or parts of this Amendment shall be held illegal or unenforceable by any court or
administrative body of competent 

  
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jurisdiction, such determination shall not affect the remaining provisions of this Amendment which shall remain in full force and effect. If legally permitted, the unenforceable provision will be
replaced with an enforceable provision that as nearly as possible gives effect to the parties’ intent. 
 5.4 Successors
and Assigns. This Amendment shall inure to the benefit of and be binding upon the successors and assigns of each of the parties. 
 5.5 Submission to Jurisdiction; Waiver of Jury Trial. EACH PARTY HERETO HEREBY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW YORK AND OF ANY
NEW YORK STATE COURT SITTING IN THE CITY OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. EACH PARTY
HERETO IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 5.6 Specific Performance. Intelsat Global, Intelsat Global Holdings and the Shareholders hereby acknowledge and agree that it is impossible to measure in money the damages which will accrue to the
parties hereto by reason of the failure of any party hereto to perform any of its obligations set forth in this Amendment and that, in the event of any such failure, an aggrieved party will be irreparably damaged and will not have an adequate remedy
at law. Any such party shall, therefore, be entitled (in addition to any other remedy to which such party may be entitled at law or in equity) to injunctive relief, including specific performance, to enforce such obligations, without the posting of
any bond and if any action should be brought in equity to enforce any of the provisions of this Amendment, none of the parties hereto shall raise the defense that there is an adequate remedy at law. 

5.7 Miscellaneous. Except as expressly amended hereby, the Initial Agreement shall in all respects continue in full force and
effect and the parties ratify and confirm that they continue to be bound by the terms and conditions thereof, it being the intent of the parties hereto to preserve, to the maximum extent practicable, following the Transactions and with respect to
Intelsat Global Holdings and the Shareholders under the Initial Agreement as amended by this Amendment, the relationships that were created by and existed under the Initial Agreement immediately prior to the Transactions as among the Former BC
Shareholders, taken as a whole, and the Former Silver Lake Shareholders, taken as a whole, with respect to Intelsat Global and between the Former BC Shareholders, taken as a whole, and the Former Silver Lake Shareholders, taken as a whole, on the
one hand and Intelsat Global on the other. 
 [Remainder of the page left intentionally blank.] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first
above written. 
  

					
	INTELSAT GLOBAL S.A.
		
	By:	 	 /s/ Phillip Spector

		 	Name:	 	Phillip Spector
		 	Title:	 	Executive Vice President, General Counsel and Assistant Secretary
	
	INTELSAT GLOBAL HOLDINGS S.A.
		
	By:	 	 /s/ Phillip Spector

		 	Name:	 	Phillip Spector
		 	Title:	 	Executive Vice President, General Counsel and Assistant Secretary

  

SIGNATURE PAGE TO AMENDMENT NO. 2 TO
SHAREHOLDERS AGREEMENT AND ASSIGNMENT 

 SHAREHOLDERS: 

 

					
	SERAFINA S.A.
		
	By:	 	 /s/ Pierre Stemper

		 	Name:	 	Pierre Stemper
		 	Title:	 	Director

  

SIGNATURE PAGE TO AMENDMENT NO. 2 TO
SHAREHOLDERS AGREEMENT AND ASSIGNMENT 

 
					
	SLP III INVESTMENT HOLDING S.ÀR.L.
		
	By:	 	 /s/ Seda Yalcinkaya

		 	Name:	 	Seda Yalcinkaya
		 	Title:	 	Manager
		
	By:	 	 /s/ Wolfgang Zetter

		 	Name:	 	Wolfgang Zetter
		 	Title:	 	Manager

  

SIGNATURE PAGE TO AMENDMENT NO. 2 TO
SHAREHOLDERS AGREEMENT AND ASSIGNMENT 

 FORMER BC SHAREHOLDERS: 

 

					
	For and on behalf of the Limited Partnerships comprising
	BC EUROPEAN CAPITAL VIII – 1 to 12 and 14 to 34:
		
	By:	 	 /s/ Matthew Elston

		 	Name:	 	Matthew Elston
		 	Title:	 	Director, CIE Management II Limited
		
	By:	 	 /s/ Authorised Signatory

		 	Name:	 	Authorised Signatory
		 	Title:	 	For and on behalf of Heritage International Fund Managers Limited as Secretary
	
	For and on behalf of
	BC EUROPEAN CAPITAL 35 SC:
		
	By:	 	 /s/ Matthew Elston

		 	Name:	 	Matthew Elston
		 	Title:	 	Director, CIE Management II Limited
	
	For and on behalf of
	BC EUROPEAN CAPITAL 36 SC:
		
	By:	 	 /s/ Matthew Elston

		 	Name:	 	Matthew Elston
		 	Title:	 	Director, CIE Management II Limited
	
	For and on behalf of
	BC EUROPEAN CAPITAL 37 SC:
		
	By:	 	 /s/ Matthew Elston

		 	Name:	 	Matthew Elston
		 	Title:	 	Director, CIE Management II Limited
	
	For and on behalf of
	BC EUROPEAN CAPITAL 38 SC:
		
	By:	 	 /s/ Matthew Elston

		 	Name:	 	Matthew Elston
		 	Title:	 	Director, CIE Management II Limited

  

SIGNATURE PAGE TO AMENDMENT NO. 2 TO
SHAREHOLDERS AGREEMENT AND ASSIGNMENT 

					
	For and on behalf of
	 BC EUROPEAN CAPITAL 39 SC:

		
	By:	 	 /s/ Matthew Elston

		 	Name:	 	Matthew Elston
		 	Title:	 	Director, CIE Management II Limited
	
	For and on behalf of
	BC EUROPEAN CAPITAL – INTELSAT SYNDICATION L.P.
		
	By:	 	 /s/ Matthew Elston

		 	Name:	 	Matthew Elston
		 	Title:	 	Director, CIE Management II Limited
		
	By:	 	 /s/ Authorised Signatory

		 	Name:	 	Authorised Signatory
		 	Title:	 	For and on behalf of Heritage International Fund Managers Limited as Secretary
	
	For and on behalf of
	BC EUROPEAN CAPITAL – INTELSAT CO- INVESTMENT
		
	By:	 	 /s/ Matthew Elston

		 	Name:	 	Matthew Elston
		 	Title:	 	Director, CIE Management II Limited
		
	By:	 	 /s/ Authorised Signatory

		 	Name:	 	Authorised Signatory
		 	Title:	 	For and on behalf of Heritage International Fund Managers Limited as Secretary
	
	For and on behalf of
	BC EUROPEAN CAPITAL – INTELSAT CO-INVESTMENT 1
		
	By:	 	 /s/ Matthew Elston

		 	Name:	 	Matthew Elston
		 	Title:	 	Director, CIE Management II Limited
		
	By:	 	 /s/ Authorised Signatory

		 	Name:	 	Authorised Signatory
		 	Title:	 	For and on behalf of Heritage International Fund Managers Limited as Secretary
	

  

SIGNATURE PAGE TO AMENDMENT NO. 2 TO
SHAREHOLDERS AGREEMENT AND ASSIGNMENT 

 FORMER SILVER LAKE SHAREHOLDERS: 

 

					
	SILVER LAKE PARTNERS III, L.P.
		
	By:	 	Silver Lake Technology Associates III, L.P.,
		 	its general partner
		
	By:	 	SLTA III (GP), L.L.C.,
		 	its general partner
		
	By:	 	Silver Lake Group, L.L.C.,
		 	its managing member
		
	By:	 	 /s/ Karen M. King

		 	Name:	 	Karen M. King
		 	Title:	 	Managing Director and Chief Legal Officer
	
	SILVER LAKE TECHNOLOGY INVESTORS III, L.P.
		
	By:	 	Silver Lake Technology Associates III, L.P.,
		 	its general partner
		
	By:	 	SLTA III (GP), L.L.C.,
		 	its general partner
		
	By:	 	Silver Lake Group, L.L.C.,
		 	its managing member
		
	By:	 	 /s/ Karen M. King

		 	Name:	 	Karen M. King
		 	Title:	 	Managing Director and Chief Legal Officer

  

SIGNATURE PAGE TO AMENDMENT NO. 2 TO
SHAREHOLDERS AGREEMENT AND ASSIGNMENT 

 SCHEDULE A 
 BC Investor 
  

					
	 Shareholder
	  	Number of Class A
Shares	 
		
	 Serafina S.A.
	  	 	11,330,000.04	  

 SCHEDULE B 
 Silver Lake 
  

					
	 Shareholder
	  	Number of Class A
Shares	 
		
	 SLP III Investment Holding S.àr.l.
	  	 	2,500,000.00

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00215-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00215-of-00352.parquet"}]]