SES Chateau de Betzdorf L-6815 Betzdorf Grand Duchy of Luxembourg March 29, 2007Letter Agreement • April 2nd, 2007 • SES Global S.A. • Communications services, nec • New York
Reference is made to (i) the Share Redemption Agreement by and among SES, GE CFE Luxembourg S. a r.l., GE Capital Equity Holdings Inc., and General Electric Capital Corporation, dated as of February 13, 2007 (the “Redemption Agreement”) and (ii) the escrow agreement, dated as of March 23, 2007, between SES, the GE Entities and UBS AG, New York Branch, a U.S. branch of a Swiss banking corporation (“UBS”) (the “Escrow Agreement”). The parties to this letter agreement (this “Letter Agreement”) desire to amend the Redemption Agreement, pursuant to Section 11.15 thereof, in the manner set forth in this Letter Agreement. Capitalized terms not otherwise defined in this Letter Agreement shall have the meaning assigned thereto in the Redemption Agreement.
