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Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 1 of 90

Brian S. Lennon (pro hac vice pending) C. Thomas Ebel (VSB No. 18637) Matthew Freimuth (pro hac vice pending) W. Ashley Burgess (VSB No. 67998) Benjamin P. McCallen (pro hac vice pending) Eric C. Howlett (VSB No. 82237) WILLKIE FARR & GALLAGHER LLP Klementina V. Pavlova (VSB No. 92942) 787 Seventh Avenue SANDS ANDERSON PC New York, New York 10019 P.O. Box 1998 Telephone: (212) 728-8000 Richmond, Virginia 23218-1998 Facsimile: (212) 728-8111 Telephone: (804) 648-1636 Facsimile: (804) 783-7291 Proposed Co-Counsel to the Special Committee Proposed Co-Counsel to the Special Committee of Intelsat Connect Finance S.A. of Intelsat Connect Finance S.A.

UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION

) In re: ) Chapter 11 ) INTELSAT S.A., et al.,1 ) Case No. 20-32299 (KLP) ) Debtors. ) (Jointly Administered) )

APPLICATION OF INTELSAT CONNECT FINANCE S.A. TO RETAIN ANKURA CONSULTING GROUP, LLC AS FINANCIAL ADVISOR TO THE SPECIAL COMMITTEE OF INTELSAT CONNECT FINANCE S.A. EFFECTIVE AS OF JUNE 1, 2020

Intelsat Connect Finance S.A. (“Intelsat Connect”), one of the above-captioned

debtors and debtors in possession (the “Debtors”), respectfully states as follows in support of this

application (this “Application”):2

1 Due to the large number of Debtors in these chapter 11 cases, for which joint administration has been granted, a complete list of the Debtor entities and the last four digits of their federal tax identification numbers is not provided herein. A complete list may be obtained on the website of the Debtors’ claims and noticing agent at https://cases.stretto.com/intelsat. The location of the Debtors’ service address is: 7900 Tysons One Place, McLean, VA 22102.

2 The detailed description of the Debtors and their business, and the facts and circumstances supporting the Debtors’ chapter 11 cases, are set forth in greater detail in the Declaration of David Tolley, Executive Vice President, Chief Financial Officer, and Co-Restructuring Officer of Intelsat S.A., in Support of Debtors’ Chapter 11 Petitions and First Day Motions [Docket No. 6] (the “First Day Declaration”), filed contemporaneously with the Debtors’ voluntary petitions for relief filed under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) on May 13, 2020 (the “Petition Date”). Capitalized terms used but not otherwise defined in this Application shall have the meanings ascribed to them in the First Day Declaration or as later defined herein, as applicable. Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 2 of 90

Relief Requested

1. By this Application, Intelsat Connect requests the authority, pursuant to

sections 327 and 328 of the Bankruptcy Code to retain and employ Ankura Consulting Group,

LLC (“Ankura”) effective as of June 1, 2020 (the “Engagement Date”) to serve as financial

advisors to the special committee of the board of directors of Intelsat Connect

(the “Special Committee”).

2. Intelsat Connect requests that the Court approve the retention and employment of

Ankura in accordance with the terms and conditions set forth in the engagement letter between

Intelsat Connect, the Special Committee and Ankura, dated June 1, 2020, a copy of which is

annexed hereto as Exhibit 1 (the “Engagement Letter”) to the proposed form of order granting the

relief requested herein attached to the Application as Exhibit A (the “Proposed Order”). Pursuant

to the terms and conditions of the Engagement Letter, Ankura will provide financial advisory

services, and the professionals retained pursuant to the Engagement Letter (the “Ankura

Professionals”) will report solely to the Special Committee.

3. In support of this Application, Intelsat Connect submits the declaration of Philip J.

Gund, which is annexed hereto as Exhibit B (the “Gund Declaration”).

Jurisdiction and Venue

4. The United States Bankruptcy Court for the Eastern District of Virginia

(the “Court”) has jurisdiction over this matter pursuant to 28 U.S.C. §§ 157 and 1334 and the

Standing Order of Reference from the United States District Court for the Eastern District of

Virginia, dated August 15, 1984. Intelsat Connect confirms its consent, pursuant to rule 7008 of

the Bankruptcy Rules, to the entry of a final order by the Court in connection with this Application

to the extent that it is later determined that the Court, absent consent of the parties, cannot enter

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final orders or judgments in connection herewith consistent with Article III of the United States

Constitution.

5. Venue is proper in this district pursuant to 28 U.S.C. §§ 1408 and 1409.

6. The bases for the relief requested herein are sections 327(a) and 328(a) of the

Bankruptcy Code, Bankruptcy Rules 2014(a) and 2016(a), and rules 2014-1 and 2016-1 of the

Local Rules of the United States Bankruptcy Court for the Eastern District of Virginia (the “Local

Bankruptcy Rules”).

Background

7. The Debtors (together with their non-Debtor affiliates, the “Company”) operate one

of the world’s largest satellite services businesses, providing a critical layer in the global

communications infrastructure. As the foundational architects of satellite technology, the

Company operates the largest satellite fleet and connectivity infrastructure in the world.

8. Through its global and extra-terrestrial network of satellites and teleports, the

Company provides diversified communications services to the world’s leading media companies,

fixed and wireless telecommunications operators, data networking service providers for enterprise

and mobile applications in the air and on the seas, multinational corporations and internet service

providers in the most challenging and remote locations across the globe. The Company is also the

leading provider of commercial satellite communication services to the U.S. government and other

select military organizations and their contractors. The Company’s administrative headquarters

are in McLean, Virginia, and the Company has extensive operations spanning across the United

States, Europe, South America, Africa, the Middle East, and Asia.

9. On the Petition Date, the Debtors filed voluntary petitions for relief under

chapter 11 of the Bankruptcy Code. The Debtors are operating their business and managing their

properties as debtors in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code.

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On May 15, 2020, the Court entered an order granting procedural consolidation and joint

administration of these chapter 11 cases pursuant to Bankruptcy Rule 1015(b).

The Ankura Professionals

10. Pursuant to the resolutions of the board of directors of Intelsat Connect (the “Board

of Directors”) dated March 27, 2020 (the “Resolutions”), two disinterested directors

(the “Disinterested Directors”) were appointed to the Board of Directors and the Special

Committee was established. The Disinterested Directors were appointed to the Special Committee

effective April 1, 2020, and constitute the sole members of the Special Committee.

11. The Special Committee has been delegated certain authority, which includes:

(a) the tasks of reviewing, negotiating, evaluating, and approving strategic transactions

(a “Transaction”); and (b) certain rights, authority, and powers in connection with matters

pertaining to a Transaction in which the Special Committee determines in whole or in part may

result in Conflict Matters, as defined in the Resolutions (the “Conflict Matters”). The Special

Committee’s work in connection with any and all Conflict Matters and in connection with

reviewing Transactions (collectively, the “Independent Analysis”) remains open and will continue

during the pendency of these chapter 11 cases. To assist the Special Committee in fulfilling its

duties under the Resolutions and conducting the Independent Analysis, Intelsat Connect seeks to

retain Ankura pursuant to the Engagement Letter, to render independent financial advisory services

at the sole direction of the Special Committee.

12. In consideration of the size and complexity of their business, as well as the

exigencies of the circumstances, Intelsat Connect and Special Committee have determined that the

services of experienced financial advisors will substantially enhance their attempts to maximize

the value of the Intelsat Connect estate. The Ankura Professionals are well qualified to act on the

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Special Committee’s behalf, given their extensive knowledge and expertise with respect to

chapter 11 proceedings.

13. Ankura is a business advisory and expert services firm whose professionals have

significant experience in providing bankruptcy crisis management and consulting, and special

financial advisory services. Ankura’s professionals have provided strategic advice to debtors in

numerous chapter 11 cases of similar size and complexity as these chapter 11 cases. Ankura has

provided restructuring or crisis management services in numerous bankruptcy cases, including:

In re High Ridge Brands Co., Case No. 19-12689 (BLS) (Bankr. D. Del. Dec. 18, 2019); In re

Emerge Energy Services LP, Case No. 19-11563 (KBO) (Bankr. D. Del. July 15, 2019); In re

Payless Holdings LLC, Case No. 19-40883-659 (Bankr. E.D.M.O. Feb. 18, 2019); In re Trident

Holding Company, LLC., Case No. 19-10384 (SHL) (Bankr. S.D..Y. Feb. 10, 2019); In re

Fallbrook Technologies Inc., Case No. 18-10384 (MFW) (Bankr. D. Del. Feb. 26, 2018); In re

SunEdison, Inc., Case No. 16-10992 (SMB) (Bankr. S.D.N.Y. Aug. 11, 2016).

14. The Ankura Professionals specialize in interim management, restructuring

advisory, turnaround consulting, operational due diligence, creditor advisory services, forensic

accounting, and performance improvement. Ankura’s debtor advisory services have included a

wide range of activities targeted at stabilizing and improving a company’s financial position,

including developing or validating forecasts, business plans, and related assessments of a

business’s strategic position; monitoring and managing cash, cash flow, and supplier relationships;

assessing and recommending cost reduction strategies; and designing and negotiating financial

restructuring packages.

15. Mr. Gund, the principal professional for the Ankura Professionals, is a Senior

Managing Director of Ankura and has more than 30 years of experience advising the boards of

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directors and senior management of troubled companies and creditor constituencies in both

operational and financial restructurings, providing interim management services to both healthy

and distressed companies, and acting as liquidating trustee for liquidation trusts. He has worked

in a wide variety of industries including marine transportation, marine construction, automotive

parts, healthcare, hotel development and management, retail, co-op purchasing and distribution,

daily publications, printing, import/export, real estate and construction, specialty chemicals, coke

and electrode production, alternative energy development, construction, and management,

telecommunications, golf courses and practice facilities, family entertainment centers, and

manufacturing and wholesale distribution. Over the course of his career, Mr. Gund has performed

an array of restructuring advisory and consulting services for a variety of different types of

companies, and has a deep understanding of the economic, regulatory, operational, strategic, and

financial factors that drive businesses operating in chapter 11. Mr. Gund’s prior experience

includes a wide range of services and activities targeted at restructuring, stabilizing, and improving

a company’s financial position, including: (a) developing and implementing business plans;

(b) developing and executing turnaround strategies; (c) planning and implementing financial and

operational restructurings and debt reorganizations; (d) financial modeling; (e) managing

negotiations with stakeholders; (f) forensic accounting; and (g) stabilizing business and liquidity.

16. Intelsat Connect believes that Ankura has developed significant relevant expertise

and institutional knowledge regarding the Debtors’ and Intelsat Connect’s operations and the

unique circumstances of these chapter 11 cases and the needs of the Special Committee. For these

reasons, Ankura is both well qualified and uniquely suited to deal effectively and efficiently with

matters that may arise in the context of these cases. Accordingly, Intelsat Connect submits that

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the retention of Ankura, is in the best interests of its estate, creditors, and all other parties in

interest, and should be granted in all respects.

Scope of Services3

17. Subject to the Court’s approval, Intelsat Connect proposes to retain Ankura to

provide independent financial advisory services to, and at the sole direction of, the Special

Committee on the terms and conditions set forth in the Engagement Letter. The specific tasks that

the Ankura Professionals will perform for the Special Committee include, among other things, the

following:

a. Forensic and investigatory services related to inter-Debtor and affiliated entity transactions among Intelsat Connect and its affiliates;

b. Analysis of operating losses of Intelsat Connect;

c. Providing expert testimony, to the extent required; and

d. Performing such other professional services as may be requested by counsel to the Special Committee or the Special Committee and agreed to by Ankura in writing (collectively, the “Services”).

18. Intelsat Connect believes that the Services are necessary to enable the Special

Committee to thoroughly and independently conduct the Independent Analysis and otherwise

maximize the value of the Intelsat Connect estate. Ankura will coordinate to the extent reasonably

possible to avoid the unnecessary duplication of services provided by the other professionals

retained by Intelsat Connect, the Debtors, and the Special Committee.

3 The summary of the Engagement Letter contained in this Application is provided for purposes of convenience only. In the event of any inconsistency between the summary contained herein and the terms and provisions of the Engagement Letter, the terms of the Engagement Letter shall control unless otherwise set forth herein. Capitalized terms used herein but not defined herein or in the Gund Declaration shall have the meanings ascribed to them in the Engagement Letter.

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Terms of Retention

19. In consideration of the Services, subject to Court approval, the applicable

provisions of the Bankruptcy Code, the Bankruptcy Rules, the Local Bankruptcy Rules, and any

applicable orders of the Court, Intelsat Connect has agreed to pay Ankura the compensation set

forth in the Engagement Letter (the “Fee Structure”). The principal terms of the Fee Structure are

as follows:

a. Fees and Expenses. Intelsat Connect agrees to pay to Ankura the non-refundable fees based on the actual hours expended at its standard hourly rates that are in effect when the Services are rendered. Ankura’s rates generally are revised annually. Ankura’s current hourly rates are as follows:

Description of Role Hourly Rate

Senior Managing Directors $1,015-1,100

Managing Directors $900-990

Senior Directors $760-870

Directors $610-725

Senior Associates $495-575

Associates $410-460

b. Expense Reimbursement. Ankura shall be entitled to reimbursement of actual, reasonable out-of-pocket and direct expenses incurred in connection with the Services to be provided under the Engagement Letter (including for Ankura’s reasonable out-of-pocket fees and expenses for outside legal counsel and other third-party advisors) incurred in connection with the Engagement Letter, including the negotiation and performance of the Engagement Letter and the matters contemplated thereby.

c. Testimony; Subpoena Requests. If Ankura is requested or required to appear as a witness in any action that is brought by, on behalf of, or against Intelsat Connect or that otherwise relates to the Engagement Letter or the Services rendered by Ankura thereunder, Intelsat Connect agrees to (i) compensate Ankura for its associated time

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charges at its regular rates in effect at the time and (ii) reimburse Ankura for all documented, actual out-of-pocket expenses incurred by Ankura in connection with such appearance or preparing to appear as a witness, including without limitation, the fees and disbursements of legal counsel of Ankura’s choosing. In addition, Ankura will be compensated and reimbursed for any time and expense (including without limitation, fees and expenses of legal counsel of Ankura’s choosing) that Ankura may incur in considering or responding to discovery requests or other formal information requests for documents or information made in connection with any action or in connection with the Services.

Indemnification

20. As part of the overall compensation payable to Ankura under the terms of the

Engagement Letter, Intelsat Connect has agreed to certain indemnification and contribution

provisions described in the Engagement Letter (the “Indemnification Provisions”). As more fully

set forth in the Engagement Letter, the Indemnification Provisions provide that Intelsat Connect

will indemnify, defend, and hold harmless Ankura and its affiliates and their respective directors,

officers, employees, attorneys, and other agents appointed by any of the foregoing and each other

person, if any, controlling Ankura or any of its affiliates (Ankura and each such person and entity

being referred to as an “Indemnified Person”), from and against any losses, claims, damages,

judgments, assessments, costs, and other liabilities (collectively, “Liabilities”), and will reimburse

each Indemnified Person for all reasonable fees and expenses (including the reasonable fees and

expenses of counsel) (collectively, “Indemnified Expenses”) as they are incurred in investigating,

preparing, pursuing, or defending any claim, action, proceeding, or investigation, whether or not

in connection with pending or threatened litigation and whether or not any Indemnified Person is

a party (collectively, “Actions”), in each case, related to or arising out of or in connection with the

Services rendered or to be rendered by an Indemnified Person pursuant to the Engagement Letter

or any Indemnified Persons’ actions or inactions in connection with any such Services; provided

that Intelsat Connect will not be responsible for any Liabilities or Indemnified Expenses of any

Indemnified Person that are determined by a judgment of a court of competent jurisdiction, which

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judgment is no longer subject to appeal or further review, to have resulted from such Indemnified

Person’s gross negligence, bad faith, or willful misconduct in connection with any of the Actions,

inactions, or Services. Intelsat Connect shall also reimburse such Indemnified Person for all

Indemnified Expenses as they are incurred in connection with enforcing such Indemnified Persons’

rights under the Engagement Letter, and such Indemnified person shall reasonably cooperate with

the defense of any Actions, inactions, or Services.

21. Intelsat Connect shall, if requested by Ankura, assume the defense of any such

Action including the employment of counsel reasonably satisfactory to Ankura. Intelsat Connect

will not, without prior written consent of Ankura (which shall not be unreasonably withheld),

settle, compromise, or consent to the entry of any judgment in or otherwise seek to terminate any

pending or threatened Action in respect of which indemnification or contribution may be sought

hereunder (whether or not any Indemnified Person is a party thereto) unless such settlement,

compromise, consent or termination (i) includes an unconditional release of such Indemnified

Person from all Liabilities arising out of such Action and (ii) does not include any admission or

assumption of fault or culpability on the part of any Indemnified Person.

22. All requests by Indemnified Persons for the payment of indemnification,

contribution or otherwise as set forth in the Engagement Letter during the pendency of these

chapter 11 cases will be made by means of an application to the Court and will be subject to review

by the Court to ensure that payment of such indemnity conforms to the terms of the Engagement

Letter and is reasonable under the circumstances of the litigation or settlement in respect of which

indemnity is sought; provided that in no event shall any Indemnified Person be indemnified in the

case of its own gross negligence, bad faith, or willful misconduct as determined by a final court

order.

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23. The terms of the Engagement Letter, including the Indemnification Provisions,

were fully negotiated at arm’s length, and Intelsat Connect respectfully submits that the

Indemnification Provisions, as modified by the Proposed Order, are customary, reasonable, and in

the best interests of Intelsat Connect, the Debtors, their estates, and creditors. Accordingly, Intelsat

Connect respectfully requests that the Court approve the Indemnification Provisions.

Ankura’s Disinterestedness

24. To the best of Intelsat Connect’s knowledge, information, and belief, other than as

set forth in the Gund Declaration, Ankura: (i) has no connection with Intelsat Connect, the Debtors,

the Special Committee, their creditors, other parties in interest, the attorneys or accountants of any

of the foregoing, or the U.S. Trustee or any person employed in the Office of the U.S. Trustee; and

(ii) does not hold any interest adverse to the Debtors’ estates.

25. The Gund Declaration discloses, among other things, any relationship that Ankura,

Mr. Gund, or any individual member of the Ankura Professionals has with Intelsat Connect, the

Debtors, the Special Committee, their significant creditors, or other significant parties in interest

known to Ankura, which parties are set forth in the Gund Declaration. Other than as set forth in

the Gund Declaration, Intelsat Connect submits that Ankura is a “disinterested person” as that term

is defined by section 101(14) of the Bankruptcy Code.

26. In addition, as set forth in the Gund Declaration, if Ankura is provided with a new

list of parties in interest, Ankura will determine if any new material facts or relationships are

discovered or arise, and Ankura will provide the Court with a supplemental declaration if

appropriate.

Relief Requested Should Be Granted

27. Intelsat Connect seeks approval of the engagement and retention of Ankura

pursuant to sections 327, 328, and 1107 of the Bankruptcy Code. Section 327 of the Bankruptcy

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Code authorizes the employment of professionals that “do not hold or represent an interest adverse

to the estate, and that are disinterested persons.” 11 U.S.C. § 327(a). In addition, section 328(a)

of the Bankruptcy Code provides that the Special Committee “with the court’s approval, may

employ or authorize the employment of a professional person under section 327 . . . on any

reasonable terms and under section 327 . . . on any reasonable terms and conditions of employment,

including a retainer, on an hourly basis, or on a contingency fee basis.” 11 U.S.C. § 328(a). Thus,

section 328(a) provides flexibility in determining the compensation structure provided to retained

professionals.

28. Intelsat Connect is seeking to retain Ankura pursuant to section 328(a) of the

Bankruptcy Code, as is customarily done with professionals in the financial advisory industry.

Notwithstanding the foregoing, the U.S. Trustee and Intelsat Connect shall retain all rights to

object to Ankura’s interim and final fee applications (including claims for expense reimbursement)

on all grounds, including but not limited to, the reasonableness standard provided for in section

330 of the Bankruptcy Code.

29. As discussed in the Gund Declaration, Ankura is a disinterested person as defined

by section 101(14) of the Bankruptcy Code. Ankura and the Ankura Professionals are: (a) not

creditors, equity security holders, or insiders of Intelsat Connect or the Debtors; (b) are not and

were not within, two (2) years before the Petition Date, a director, officer, or employee of Intelsat

Connect or the Debtors; and (c) do not represent or hold an interest adverse to the interests of the

estate with respect to the matter for which Ankura is proposed to be employed.

30. Bankruptcy Rule 2014 sets forth the elements that must be provided in a retention

application in support of a professional person. A retention application must include “[S]pecific

facts showing the necessity for the employment, the name of the person to be employed, the

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reasons for the selection, the professional services to be rendered, any proposed arrangement for

compensation, and to the best of the applicant’s knowledge, all of the person’s connections with

the debtor, creditors, any other party in interest, their respective attorneys and accountants, the

United States Trustee, or any person employed in the office of the United States Trustee.” Fed. .

Bankr. P. 2014(a). Intelsat Connect submits that, for the reasons stated above and in the Gund

Declaration, Ankura has satisfied all the necessary requirements to be approved as the financial

advisors to the Special Committee.

31. The retention of Ankura is a sound exercise of Intelsat Connect’s business judgment.

The Special Committee requires the financial advisory services provided by Ankura to conduct the

Independent Analysis and adhere to its fiduciary duties of maximizing the estate of Intelsat

Connect. Based upon the foregoing, Intelsat Connect submits that the retention of Ankura, on the

terms set forth herein and in the Engagement Letter, is essential, appropriate, and in the best

interest of Intelsat Connect, the Debtors, their estates, their creditors, and other parties in interest

and should be granted.

Notice

32. The Debtors will provide notice of this Application via first class mail, facsimile or

email (where available) to: (a) the United States Trustee for the Eastern District of Virginia,

Attn: Kenneth N. Whitehurst III, B. Webb King, Shannon F. Pecoraro, and Kathryn R.

Montgomery; (b) the holders of the 40 largest unsecured claims against the Debtors (on a

consolidated basis); (c) the indenture trustee for the Intelsat S.A. Senior Convertible Notes and

counsel thereto; (d) the indenture trustee for the Intelsat Luxembourg 7.75% Senior Notes and

counsel thereto; (e) the indenture trustee for the Intelsat Luxembourg 8.125% Senior Notes and

counsel thereto; (f) the indenture trustee for the Intelsat Luxembourg 12.5% Senior Notes and

counsel thereto; (g) the indenture trustee for the Intelsat Connect Finance 9.5% Senior Notes and

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counsel thereto; (h) the indenture trustee for the Intelsat Jackson 5.5% Senior Notes and counsel

thereto; (i) the indenture trustee for the Intelsat Jackson 9.75% Senior Notes and counsel thereto;

(j) the indenture trustee for the Intelsat Jackson 8.5% Senior Notes and counsel thereto; (k) Pryor

Cashman LLP as counsel to the indenture trustees for the Intelsat Jackson 9.5% First Lien Notes

and the Intelsat Jackson 8.0% First Lien Notes; (l) Cahill Gordon & Reindel LLP as counsel to the

administrative agent under the Intelsat Jackson credit agreement; Winston & Strawn LLP as

counsel to the collateral trustee under the Intelsat Jackson credit agreement; (m) Akin Gump

Strauss Hauer & Feld LLP as counsel to an ad hoc group of certain prepetition secured parties;

(n) Jones Day as counsel to a crossover ad hoc group of term loan lenders and noteholders;

(o) Brown Rudnick, LLP as counsel to certain creditors; (p) Paul, Weiss, Rifkind, Wharton &

Garrison LLP and Loyens & Loeff Luxembourg Sarl as counsel to certain noteholders; (q) Davis

Polk as counsel to the agent under the DIP Credit Agreement; (r) Orrick,

Herrington & Sutcliffe LLP as counsel to an ad hoc group of noteholders; (s) Milbank LLP as

counsel to the official committee of unsecured creditors (the “Committee”); (t) the United States

Attorney’s Office for the Eastern District of Virginia; (u) the National Association of Attorneys

General; (v) the Internal Revenue Service; (w) the offices of the attorneys general for the states in

which the Debtors operate; (x) the Securities and Exchange Commission; (y) the Federal

Communications Commission; and (z) any party that has requested notice pursuant to Bankruptcy

Rule 2002. The Debtors submit that, in light of the nature of the relief requested, no other or

further notice need be given.

[Remainder of page intentionally left blank]

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CONCLUSION

WHEREFORE Intelsat Connect respectfully requests entry of the Proposed Order granting

the relief requested herein and such other and further relief as is just.

Dated: June 9, 2020 /s/ Michael Foreman Richmond, Virginia Michael Foreman Disinterested Director Intelsat Connect Finance S.A.

/s/ C. Thomas Ebel SANDS ANDERSON PC WILLKIE FARR & GALLAGHER LLP C. Thomas Ebel (VSB No. 18637) Brian S. Lennon (pro hac vice pending) W. Ashley Burgess (VSB No. 67998) Matthew Freimuth (pro hac vice pending) Eric C. Howlett (VSB No. 82237) Benjamin P. McCallen (pro hac vice pending) Klementina V. Pavlova (VSB No. 92942) 787 Seventh Avenue P.O. Box 1998 New York, New York 10019 Richmond, Virginia 23218-1998 Telephone: (212) 728-8000 Telephone: (804) 648-1636 Facsimile: (212) 728-8111 Facsimile: (804) 783-7291

Proposed Co-Counsel to the Special Committee of Proposed Co-Counsel to the Special Committee of Intelsat Connect Finance S.A. Intelsat Connect Finance S.A.

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Exhibit A

Proposed Order Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 17 of 90

Brian S. Lennon (pro hac vice pending) C. Thomas Ebel (VSB No. 18637) Matthew Freimuth (pro hac vice pending) W. Ashley Burgess (VSB No. 67998) Benjamin P. McCallen (pro hac vice pending) Eric C. Howlett (VSB No. 82237) WILLKIE FARR & GALLAGHER LLP Klementina V. Pavlova (VSB No. 92942) 787 Seventh Avenue SANDS ANDERSON PC New York, New York 10019 P.O. Box 1998 Telephone: (212) 728-8000 Richmond, Virginia 23218-1998 Facsimile: (212) 728-8111 Telephone: (804) 648-1636 Facsimile: (804) 783-7291 Proposed Co-Counsel to the Special Committee Proposed Co-Counsel to the Special Committee of Intelsat Connect Finance S.A. of Intelsat Connect Finance S.A.

UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION

) In re: ) Chapter 11 ) INTELSAT S.A., et al.,1 ) Case No. 20-32299 (KLP) ) Debtors. ) (Jointly Administered) )

ORDER APPROVING APPLICATION OF INTELSAT CONNECT FINANCE S.A. TO RETAIN ANKURA CONSULTING GROUP, LLC AS FINANCIAL ADVISOR TO THE SPECIAL COMMITTEE OF INTELSAT CONNECT FINANCE S.A. EFFECTIVE AS OF JUNE 1, 2020

Upon the application, dated June 9, 2020 (the “Application”)2 of Intelsat Connect

Finance S.A. (“Intelsat Connect”), one of the debtors and debtors in possession in the above-

captioned chapter 11 cases (collectively, the “Debtors”), pursuant to sections 327, 328, and 1107

of title 11 of the United States Code (the “Bankruptcy Code”) for entry of an order authorizing

Intelsat Connect to retain and employ Ankura Consulting Group, LLC (“Ankura”) to serve as

financial advisors to the special committee of the board of directors of Intelsat Connect

1 Due to the large number of Debtors in these chapter 11 cases, for which joint administration has been granted, a complete list of the Debtor entities and the last four digits of their federal tax identification numbers is not provided herein. A complete list may be obtained on the website of the Debtors’ claims and noticing agent at https://cases.stretto.com/intelsat. The location of the Debtors’ service address is: 7900 Tysons One Place, McLean, VA 22102.

2 Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Application. Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 18 of 90

(the “Special Committee”) effective as of June 1, 2020 (the “Engagement Date”) in accordance

with the terms and conditions set forth in the engagement letter dated June 1, 2020 (the

“Engagement Letter”), annexed as Exhibit 1 to this Order; and upon the Gund Declaration

attached as Exhibit B to the Application; and this Court having jurisdiction over this matter

pursuant to 28 U.S.C. §§ 157 and 1334 and the Standing Order of Reference from the United States

District Court for the Eastern District of Virginia, dated August 15, 1984, and this Court having

found that it may enter a final order consistent with Article III of the United States Constitution;

and this Court having found that venue of this proceeding and the Application in this district is

proper pursuant to 28 U.S.C. §§ 1408 and 1409; and this Court having found that the relief

requested in the Application is in the best interests of the Debtors’ estates, their creditors, and other

parties in interest; and this Court having found that the Debtors’ notice of the Application and

opportunity for a hearing on the Application were appropriate under the circumstances and that no

other notice need be provided; and this Court having reviewed the Application and having heard

the statements in support of the relief requested therein at a hearing before this Court

(the “Hearing”); and this Court having determined that the legal and factual bases set forth in the

Application and at the Hearing establish just cause for the relief granted herein; and upon all of

the proceedings had before this Court; and after due deliberation and sufficient cause appearing

therefor, it is HEREBY ORDERED THAT

1. The Application is granted to the extent set forth herein.

2. Intelsat Connect is authorized, pursuant to sections 327(a) and 328(a) of the

Bankruptcy Code to retain Ankura as financial advisor to the Special Committee at the sole

direction of the Special Committee effective as of June 1, 2020 on the terms set forth in the

Engagement Letter.

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3. Ankura’s Fee Structure, as set forth in the Application and Engagement Letter, are

approved pursuant to section 328(a) of the Bankruptcy Code.

4. Ankura shall file interim and final fee applications for allowance of compensation

and reimbursement of expenses pursuant to the procedures set forth in Bankruptcy Code

sections 330 and 331, the Bankruptcy Rules, the Local Bankruptcy Rules, or any other applicable

procedures and orders of the Court; provided, however, that Ankura shall be compensated and

reimbursed pursuant to Bankruptcy Code section 328(a).

5. Ankura shall file with the Court, and provide notice to the U.S. Trustee and all

official committees, reports of compensation earned and expenses incurred on a monthly basis

(the “Monthly Statements”). All compensation shall be subject to review by the Court in the event

an objection is filed.

6. Intelsat Connect and the U.S. Trustee retain the right to challenge the

reasonableness of Ankura’s fees under section 330 of the Bankruptcy Code. Accordingly, nothing

in this Order or the record relating to this Court’s consideration of the Application shall constitute

a finding of fact or conclusion of law binding on the U.S. Trustee with respect to the reasonableness

of Ankura’s fees.

7. Notwithstanding anything in the Application or Engagement Letter to the contrary,

to the extent that Ankura uses the services of independent contractors, subcontractor, or employees

of foreign affiliates or subsidiaries (collectively, the “Contractors”) in these cases and Ankura

seeks to pass through the fees and/or costs of the Contractors to Intelsat Connect, Ankura shall

(i) pass through the fees of such Contractors to Intelsat Connect at the same rate that Ankura pays

the Contractors; (ii) seek reimbursement for actual costs of the Contractors only; and (iii) ensure

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that the Contractors perform the conflicts check required by Bankruptcy Rule 2014 and file with

the Court such disclosures as required by Bankruptcy Rule 2014.

8. The Indemnification Provisions set forth in the Engagement Letter are approved,

subject to the following terms, which apply notwithstanding anything in the Engagement Letter or

the Application to the contrary:

a. Subject to the provisions subparagraphs (b) and (d) below, Intelsat Connect is authorized to indemnify, and to provide contribution and reimbursement to, and shall indemnify, and provide contribution and reimbursement to, the Indemnified Persons in accordance with the terms of the Indemnification Provisions for any claim arising from, related to, or in connection with the Services as set forth in the Engagement Letter;

b. Notwithstanding subparagraph (a) above or any provisions of the Engagement Letter to the contrary, Intelsat Connect shall have no obligation to indemnify any person or provide contribution or reimbursement to any person (i) for any claim or expense that is judicially determined (the determination having become final) to have arisen from any person’s bad faith, self-dealing, breach of fiduciary duty (if any), gross negligence, or willful misconduct, (ii) for a contractual dispute in which the Debtor alleges the breach of Ankura’s contractual obligations if the Court determines that indemnification, contribution or reimbursement would not be permissible as a result of In re United Artists Theatre Co., 315 F.3d 217 (3d Cir. 2003), or (iii) for any claim or expense that is settled prior to a judicial determination as to the exclusions set forth in clauses (i) and (ii) above, but determined by this Court, after notice and a hearing pursuant to subparagraph (d) below, to be a claim or expense for which that person should not receive indemnity, contribution or reimbursement under the terms of the Engagement Letter as modified by this Order;

c. If during the pendency of these chapter 11 cases, the indemnification is held unenforceable by reason of the exclusions set forth in subparagraph (b) above and Ankura makes a claim for the payment of Intelsat Connect’s contribution obligations then Schedule I of the Engagement Letter shall not apply; and

d. If before the earlier of (i) the entry of an order confirming a chapter 11 plan that includes Intelsat Connect (with such order having become a final order no longer subject to appeal), and (ii) the entry of an order closing these chapter 11 cases, Ankura believes that it is entitled to the payment of any amounts by the Debtors on account of Intelsat Connect’s indemnification, contribution, and/or reimbursement obligations under the Engagement letter, as modified by this order, including without limitation the

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advancement of defense costs, Ankura must file an application therefore in this Court, and Intelsat Connect may not pay any such amounts to Ankura prior to the entry of an order by this Court approving such payment. This subparagraph is intended only to specify the period during which the Court shall have jurisdiction over any request by Ankura for indemnification, contribution or reimbursement and is not a provision limiting the duration of Intelsat Connect’s obligations to indemnify Ankura.

9. All requests by Indemnified Persons for the payment of indemnification,

contribution or otherwise as set forth in the Engagement Letter and as modified by this Order

during the pendency of these chapter 11 cases shall be made by means of an application to the

Court and shall be subject to review by the Court to ensure that payment of such indemnity

conforms to the terms of the Engagement Letter.

10. In the event an Indemnified Person seeks reimbursement from Intelsat Connect for

attorneys’ fees and expenses in connection with the payment of an indemnity claim pursuant to

the Engagement Letter, the invoices and supporting time records from such attorneys shall be

included in Ankura’s Monthly Statements, and such invoices and time records shall be subject to

the approval of the Bankruptcy Court pursuant to sections 330 and 331 of the Bankruptcy Code

without regard to whether such attorneys have been retained under section 327 of the Bankruptcy

Code and without regard to whether such attorneys’ services satisfy section 330(a)(3)(C) of the

Bankruptcy Code.

11. Intelsat Connect is authorized to pay Ankura in such amounts and at such times as

is provided in the Engagement Letter without further order of this Court.

12. If additional parties-in-interest are provided to Ankura, Ankura shall disclose any

and all facts that would reasonably be expected to have a bearing on whether Ankura, its controlled

affiliates, and/or any individuals working on the engagement have any interest materially adverse

to the interest of Intelsat Connect or the Debtors’ estates or of any class of creditors or equity

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security holders, by reason of any direct or indirect relationship to, connection with, or interest in,

Intelsat Connect or the Debtors, or for any other reason.

13. To the extent there is inconsistency between the terms of the Engagement Letter,

the Application, and this Order, the terms of this Order shall govern.

14. Intelsat Connect is authorized to take all action necessary to the relief granted in

this Order.

15. This Court shall retain jurisdiction to hear and determine all matters arising from

or related to the implementation, interpretation and/or enforcement of this Order.

Date: ______Richmond, Virginia

KEITH L. PHILLIPS UNITED STATES BANKRUPTCY COURT JUDGE

Entered on the docket:

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WE ASK FOR THIS:

/s/ C. Thomas Ebel C. Thomas Ebel (VSB No. 18637) W. Ashley Burgess (VSB No. 67998) Eric C. Howlett (VSB No. 82237) Klementina V. Pavlova (VSB No. 92942) SANDS ANDERSON PC P.O. Box 1998 Richmond, Virginia 23218-1998 Telephone: (804) 648-1636 Facsimile: (804) 783-7291

- and -

Brian S. Lennon (pro hac vice pending) Matthew Freimuth (pro hac vice pending) Benjamin P. McCallen (pro hac vice pending) WILLKIE FARR & GALLAGHER LLP 787 Seventh Avenue New York, New York 10019 Telephone: (212) 728-8000 Facsimile: (212) 728-8111

Proposed Co-Counsel to the Special Committee of Intelsat Connect Finance S.A.

CERTIFICATION OF ENDORSEMENT UNDER LOCAL BANKRUPTCY RULE 9022-1(C)

Pursuant to Local Bankruptcy Rule 9022-1(C), I hereby certify that the foregoing proposed order has been endorsed by or served upon all necessary parties.

/s/ C. Thomas Ebel Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 24 of 90

Exhibit 1

Engagement Letter Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 25 of 90

June 1, 2020

Brian Lennon Partner Willkie Farr & Gallagher LLP 787 Seventh Avenue New York, NY 10019

Re: Intelsat Connect Finance S.A.

Dear Brian:

This letter agreement (this “Agreement”), entered into as of June 1, 2020 (the “Effective Date”), confirms the terms of the agreement and retention of Ankura Consulting Group, LLC (“Ankura”) by Willkie Farr & Gallagher LLP (“Counsel”) on behalf of the Special Committee (the “Special Committee”) for Intelsat Connect Finance S.A. (“Intelsat Connect” or the “Debtor”) and Intelsat Connect, pursuant to which Ankura has been engaged to act as the advisor to Counsel to provide financial and restructuring advisory services with respect to the Special Committee as set forth below.

1. Scope of Engagement: On the terms and subject to the conditions of this Agreement, Ankura will provide to Counsel and the Special Committee the following services (the “Services”), as requested by Counsel and agreed to by Ankura:

(a) Forensic and investigatory services related to inter-Debtor and affiliated entity transactions among the Debtor and its affiliates;

(b) Analyze net operating losses of the Debtor;

(c) Provide expert testimony, to the extent required; and

(d) Perform such other professional services as may be requested by Counsel or the Special Committee and agreed to by Ankura in writing.

In the event there is a disagreement as to any direction, guidance or instruction to be given to Ankura in connection with the foregoing Services, Ankura shall take such direction, guidance or instruction from the Special Committee. As part of the Services, Ankura may be requested to assist Counsel and the Special Committee (and its legal or other advisors) in negotiating with the other parties of interest. In the event that Ankura participates in such negotiations, the representations made and the positions advanced will be those of the Special Committee, not Ankura or its employees.

It is Ankura’s intention to work closely with Counsel and the Special Committee throughout the course of the engagement. Regular discussions with Counsel and the Special Committee regarding Ankura’s progress should provide Counsel and the Special Committee with an opportunity to confirm or request that Ankura modify the scope of its engagement to best serve Counsel and the Special Committee’s needs. The Services and compensation arrangements set forth herein do not encompass other financial advisory services not set forth in this Section 1. If Counsel, the Special Committee and Ankura later determine to expand the scope Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 26 of 90 35288631.7 Private and Confidential

of Services to include other services not otherwise set forth herein, such future agreement will be the subject of a further and separate written agreement of the parties.

2. Fees and Expenses: For Ankura’s Services hereunder, Intelsat Connect agrees to pay to Ankura the non-refundable fees (the “Fees”) based on the actual hours expended at its standard hourly rates that are in effect when the Services are rendered. Ankura’s rates generally are revised annually. Ankura’s current hourly rates are as follows:

Professional Level Rates per Hour Senior Managing Directors $1,015 to 1,100 Managing Directors $900 to 990 Senior Directors $760 to 870 Directors $610 to 725 Senior Associates $495 to 575 Associates $410 to 460

(a) Expense Reimbursement: Ankura shall be entitled to reimbursement of actual, reasonable out-of- pocket and direct expenses incurred in connection with the Services to be provided under this Agreement (including for Ankura’s reasonable out-of-pocket fees and expenses for outside legal counsel and other third-party advisors) incurred in connection with this Agreement, including the negotiation and performance of this Agreement and the matters contemplated hereby (collectively, “Expenses”).

(b) Approval and Objection of Fees: Notwithstanding the standard of review of section 328(a) of the Bankruptcy Code, the Debtor and the official committee of unsecured creditors (“UCC”) appointed in these chapter 11 cases, shall each retain the right to object to Ankura’s fees in the event that the Debtor or the UCC can establish that such amount (given the entire compensation to be received by Ankura pursuant to the terms of this Agreement) was not reasonable and consistent with the standards of section 330 of the Bankruptcy Code based on the services actually provided by Ankura. Ankura acknowledges that, in the event that the Bankruptcy Court approves its retention, Ankura’s fees and expenses shall be subject to the jurisdiction and approval of the Bankruptcy Court under section 328(a) of the Bankruptcy Code and any applicable fee and expense guideline orders. The Debtor shall pay all fees and expenses of Ankura hereunder as promptly as practicable in accordance with the terms hereof.

(c) Reasonableness of Fees: Counsel and the Special Committee acknowledge that they each believe that Ankura’s general restructuring experience and expertise will inure to the benefit of the parties hereto, that the value to the parties hereto of Ankura’s Services derives in substantial part from that experience and expertise and that, accordingly, the structure and amount of the Fees to be paid to Ankura hereunder are reasonable. Counsel and the Special Committee acknowledge that a substantial professional commitment of time and effort will be required of Ankura and its professionals hereunder, and that such commitment may foreclose other opportunities for Ankura. Given the numerous issues that may arise in engagements such as this, Ankura’s commitment to the variable level of time and effort necessary to address such issues, the expertise and capabilities of Ankura that will be required in this engagement, and the market rate for Ankura’s services of this nature, whether in-court or out-of-court, the parties agree that the fee arrangement provided for

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herein is reasonable, fairly compensates Ankura, and provides the requisite certainty to the parties hereto.

(d) Testimony; Subpoena Requests: If Ankura is requested or required to appear as a witness in any action that is brought by, on behalf of, or against the Debtor or that otherwise relates to this Agreement or the Services rendered by Ankura hereunder, the Debtor agrees to (i) compensate Ankura for its associated time charges at our regular rates in effect at the time and (ii) reimburse Ankura for all documented, actual out-of-pocket expenses incurred by Ankura in connection with such appearance or preparing to appear as a witness, including without limitation, the fees and disbursements of legal counsel of Ankura’s choosing. In addition, Ankura will be compensated and reimbursed for any time and expense (including without limitation, fees and expenses of legal counsel of Ankura’s choosing) that Ankura may incur in considering or responding to discovery requests or other formal information requests for documents or information made in connection with any action or in connection with the Services.

3. Invoices and Payment: The obligations of Intelsat Connect under this Agreement (including the indemnification, reimbursement and contribution obligations described in Schedule I) shall be joint and several obligations. The payment of the Fees and Expenses hereunder are the exclusive obligations of the Debtor. The Debtor agrees to pay all Fees and Expenses upon receipt of an invoice for all Services rendered and Expenses incurred, subject to the requirements of the Bankruptcy Code and any orders of the Bankruptcy Court. In the event that the Debtor does not pay Ankura’s invoices in accordance with their terms, the Bankruptcy Code, and any orders of the Bankruptcy Court, Ankura has the discretion to (i) terminate or suspend the engagement and the performance of Services, and (ii) deduct any outstanding amounts owed from monies held on Intelsat Connect’s behalf, subject to the requirements of the Bankruptcy Code. Under these circumstances, Intelsat Connect will also be responsible for any costs, including legal fees, associated with the collection of outstanding and overdue fees and expenses.

4. Term of Agreement: Unless terminated earlier as set forth below, this engagement shall terminate upon completion of the Services. This Agreement may be terminated at any time by Ankura, Counsel or the Special Committee upon written notice to the other parties. Any termination of this Agreement shall not affect any provisions that survive the termination hereof, including, (i) the indemnification, reimbursement, contribution and other obligations set forth in this Agreement, including Schedule I, and (ii) Ankura’s right to receive payment of Fees earned and Expenses incurred by Ankura through the date of termination, and the Debtor shall immediately pay or cause to be paid all such reasonable Fees and Expenses due and owing. Even if the Agreement is terminated, Ankura shall not pursue, advise and/or provide services to any third party(ies) relating to or involving the Debtor relating to the subject matter of this engagement absent the express consent of Counsel and the Special Committee.

5. Court Approval:

(a) Counsel and the Special Committee shall use their best efforts to promptly file this agreement with the United States Bankruptcy Court (the “Bankruptcy Court”) having jurisdiction over the Debtor’s proceeding under Title 11 of the United States Code (the “Bankruptcy Code”) for approval pursuant to sections 327 and 328 of the Bankruptcy Code of (A) this Agreement and (B) Ankura’s retention by the Special Committee under the terms of this Agreement and subject to the standard of review provided in section 328(a) of the Bankruptcy Code and not subject to any other standard of review under section 330 of the Bankruptcy Code unless provided otherwise herein. Counsel and the Special Committee will use their best efforts to ensure that the court authorizes the Debtor to continue to honor its obligations under this Agreement, including all indemnification obligations

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hereunder (including Schedule I) and payment by the Debtor of all Fees and Expenses in accordance with the terms hereunder (including Ankura’s counsel’s fees and expenses).

(b) Counsel and the Special Committee shall provide Ankura with a draft of such notice and any proposed order authorizing Ankura’s retention sufficiently in advance of the filing of such notice and proposed order to enable Ankura and its counsel to review and comment thereon. Ankura shall have no obligation to provide any Services under this Agreement unless Ankura’s retention under the terms of this Agreement is approved under section 328(a) of the Bankruptcy Code by a final order of the Bankruptcy Court no longer subject to appeal, rehearing, reconsideration or petition for certiorari, and which order is acceptable to Ankura in all respects.

6. Nature of Services; Use of Advice:

(a) Ankura shall act as an independent contractor under this Agreement, and not in any other capacity including as a fiduciary, and any obligations arising out of its engagement shall be owed solely to the Special Committee. The Services, including the deliverables and reports, are provided solely for the use of Counsel and the Special Committee for the purposes set forth herein. The Special Committee and Counsel may not disclose or discuss the Services or any deliverable or report or make the benefit of the Services available to anyone else or refer to the contents of a deliverable or report or the findings of our work except (i) as specifically stated herein, (ii) with our prior written consent on terms to be agreed in writing, or (iii) where required by law or regulation. The Services and all deliverables are not for a third party’s use, benefit or reliance and Ankura disclaims any contractual or other responsibility or duty of care to any third party based upon the Services or deliverables. Nothing in this Agreement, expressed or implied, is intended to confer or does confer on any person or entity, other than the parties hereto, the Indemnified Persons (as such term is defined in Schedule I) and each of their respective successors, heirs and assigns, any rights or remedies under or by reason of this Agreement or as a result of the services to be rendered by Ankura hereunder.

(b) At the direction of Counsel, certain communications and correspondence between Ankura and reports and analyses prepared by Ankura, in connection with this Agreement and the matters contemplated hereby, will be considered in preparation for litigation, and accordingly, will be subject to the attorney-client privilege and work-product privilege between Ankura and Intelsat Connect.

(c) The Services and any deliverables, including any oral advice or comments, should not be associated with, referred to or quoted in any manner in any financial statements or any offering memorandum, prospectus, registration statement, public filing, loan or other agreements.

7. Intellectual Property: Ankura owns the intellectual property rights in the deliverables and reports and any materials created under this Agreement. Ankura agrees that upon payment in full for the Services, the Special Committee will have a non-exclusive, non-transferable license to use the deliverables for its own internal use in accordance with the terms of this Agreement. Notwithstanding the foregoing, (i) any patent, copyright, trademark and other intellectual property rights of Ankura contained in any deliverable or report shall remain the sole and exclusive property of Ankura, and (ii) all methodologies, processes, techniques, ideas, concepts, trade secrets and know-how and other intellectual property embedded in the deliverable or reports that Ankura may develop or supply in connection with our Services shall remain the sole and exclusive property of Ankura.

8. Confidentiality:

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(a) Generally. In connection with this engagement, either party (the “Receiving Party”) may come into the possession, whether orally or in writing, of Confidential Information (as defined below) of the other party (the “Disclosing Party”). The Receiving Party hereby agrees that it will not disclose, publish or distribute such Confidential Information to any third party without the Disclosing Party’s consent, which consent shall not be unreasonably withheld other than: (i) to the Receiving Party’s affiliates and its and their employees, officers, directors, auditors, and advisors; (ii) if such disclosure is requested or required by a governmental agency having regulatory authority or other authority over the Receiving Party; (iii) pursuant to court order, subpoena or legal process requiring disclosure, provided that Receiving Party shall use its best efforts to promptly give Disclosing Party written prior notice (if legally permissible) of any disclosure under this clause (iii) so that Disclosing Party can seek a protective order; or (iv) to tax advisors regarding the tax treatment or tax structure of any transaction, provided that such advisors are informed of the confidential obligations hereunder.

(b) Definition of Confidential Information. “Confidential Information” means any and all non-public, confidential or proprietary knowledge, data or information of or concerning the Disclosing Party. For the avoidance of doubt, Confidential Information includes without limitation, research, analyses, names, business plans, valuations, databases and management systems. Confidential Information shall not include information that: (i) was publicly known and made generally available in the public domain prior to the time of disclosure; (ii) is already in the lawful possession of the Receiving Party at the time of disclosure; (iii) is lawfully obtained from a third party lawfully in possession of such information and without a breach of such third party’s obligations of confidentiality; or (iv) is independently developed without use of or reference to any Confidential Information.

(c) No Alteration of Rules of Professional Conduct. For the avoidance of doubt, nothing contained in this Section 8 shall in any way alter Counsel’s obligations of confidentiality under the applicable rules of professional conduct.

9. Debtor Access and Information:

In order to fulfill the Services under this Agreement, it will be necessary for Ankura personnel to have access to the Debtor’s facilities and certain books, records and reports of the Debtor. In addition, Ankura will need to have discussions with the Debtor’s management and certain other personnel. Ankura will perform the Services in a manner that will permit the business operations of the Debtor to proceed in an orderly fashion, subject to the requirements of this engagement. Ankura understands that the Special Committee has agreed it will furnish Ankura with such information as Ankura believes appropriate to its assignment (all such information so furnished being the “Information”). The Special Committee recognizes and confirms that Ankura: (i) will use and rely on the accuracy and completeness of the Information and on Information available from generally recognized public sources without independently verifying the same; (ii) does not assume responsibility for the accuracy, completeness or reasonableness of the Information and such other Information; and (iii) will not make an appraisal of any assets or liabilities (contingent or otherwise) of the Debtor. Counsel and the Special Committee shall advise Ankura promptly upon obtaining any actual knowledge of the occurrence of any event or any other change in facts or circumstances upon which Ankura formed part or all of its opinions, advice, or conclusions, or which could reasonably be expected to result in some or all of the Information being incorrect, inaccurate, or misleading. To the best of the Special Committee’s knowledge, the Information to be furnished by or on behalf of the Special Committee, when delivered, will be true and correct in all material respects and will not contain any material misstatement of fact or omit to state any material fact necessary to make the statements contained therein not misleading.

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Ankura will submit oral and or written reports highlighting its findings and observations based upon the Services it performs pursuant to this Agreement. Ankura’s reports will encompass only matters that come to its attention in the course of its work that it perceives to be significant in relation to the objectives of the engagement. The depth of Ankura’s analyses and extent of it authentication of the information on which its advice to Counsel and the Special Committee will be based may be limited in some respects due to the extent and sufficiency of available Information, time constraints dictated by the circumstances of Ankura’s engagement and other factors. Ankura does not contemplate examining any such Information in accordance with generally accepted auditing or attestation standards. It is understood that, in general, Ankura is to rely on Information disclosed or supplied to it by employees and representatives of the Special Committee and Counsel without audit or other detailed verification of their accuracy and validity. Accordingly, Ankura will be unable to and will not provide assurances in its reports concerning the integrity of the Information used in its analyses and on which its findings and advice to the Special Committee and Counsel may be based. In addition, Ankura will state that it has no obligation to, and will not update its reports or extend its activities beyond the scope set forth herein unless Counsel or the Special Committee request such expansion and Ankura agrees to do so.

10. Indemnification and Limitation of Liability: The Debtor shall provide indemnification, contribution and reimbursement as set forth in Schedule I hereto. The terms and provisions of Schedule I are an integral part hereof, are hereby incorporated by reference, are subject in all respects to the provisions hereof and shall survive any termination or expiration of this Agreement. Further, if an Indemnified Person (as defined in Schedule I) is requested or required to appear as a witness in any Action (as defined in Schedule I) that is brought by or on behalf of or against the Debtor or that otherwise relates to this Agreement or the Services rendered by Ankura hereunder, the Debtor shall, jointly and severally, reimburse Ankura and the Indemnified Person for all reasonable and documented, actual out of pocket expenses incurred by them in connection with such Indemnified Person appearing or preparing to appear as such a witness, including without limitation, the reasonable and documented fees and actual out of pocket disbursements of legal counsel. Neither Counsel, the Special Committee, the Debtor nor any other party acting on their behalves shall hold Ankura liable for any matter in connection with this engagement, the Services or the Agreement, absent fraud, gross negligence, willful misconduct or bad faith as finally determined by a judgment of a court of competent jurisdiction. In no event shall Ankura be liable (i) under this Agreement or the engagement for damages in excess of the total amount of Fees collected; or (ii) for any claim whatsoever for any special, consequential, exemplary, incidental, or punitive damages of any kind.

11. Entire Agreement; Amendments: This Agreement (including Schedule I) represents the entire agreement between the parties in relation to the Services, supersedes all previous agreements relating to the subject matter hereof (should they exist) and may not be modified or amended except in writing signed by all of the parties hereto.

12. Counterparts: This Agreement may be executed in counterparts (and by facsimile or other electronic means), each of which shall constitute an original and all of which together will be deemed to be one and the same document.

13. Severability: The invalidity or unenforceability of any provision of this Agreement (including Schedule I) shall not affect the validity or enforceability of any other provision.

14. Announcements: Ankura shall be entitled to identify the Special Committee and use the Debtor’s name and logo in connection with marketing and pitch materials upon conclusion of the Services. In addition, if requested by Ankura, the Special Committee agrees that in any press release related to the Services or outcome of the Services provided hereunder, the Special Committee will include in such press release a mutually acceptable reference to Ankura’s role as advisor to the Special Committee.

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15. GOVERNING LAW; JURY TRIAL WAIVER; JURISDICTION: THIS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY IN SUCH STATE. ANKURA, COUNSEL, THE SPECIAL COMMITTEE AND THE DEBTOR KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED UPON CONTRACT, TORT OR OTHERWISE) RELATED TO OR ARISING OUT OF OR IN CONNECTION WITH THE ENGAGEMENT OF ANKURA PURSUANT TO, OR THE PERFORMANCE BY ANKURA OF THE SERVICES CONTEMPLATED BY, THIS AGREEMENT. REGARDLESS OF ANY PRESENT OR FUTURE DOMICILE OR PRINCIPAL PLACE OF BUSINESS OF THE PARTIES HERETO, EACH PARTY HEREBY IRREVOCABLY CONSENTS AND AGREES THAT ANY CLAIMS OR DISPUTES BETWEEN OR AMONG THE PARTIES HERETO ARISING OUT OF OR RELATED TO THIS AGREEMENT SHALL BE BROUGHT AND MAINTAINED EXCLUSIVELY IN ANY FEDERAL COURT OF COMPETENT JURISDICTION SITTING IN THE SOUTHERN JURISDICTION OF NEW YORK, NEW YORK OR, IF SUCH COURTS DO NOT HAVE JURISDICTION, THEN THE COMMERCIAL DIVISION OF THE STATE COURTS SITTING IN THE COUNTY OF NEW YORK IN THE STATE OF NEW YORK, WHICH COURTS SHALL HAVE EXCLUSIVE JURISDICTION OVER THE ADJUDICATION OF SUCH MATTERS; PROVIDED HOWEVER, THAT IF ANY ENTITY COMPRISING THE SPECIAL COMMITTEE BECOMES A DEBTOR UNDER CHAPTER 11 OF THE BANKRUPTCY CODE, AND IF A SPECIAL COMMITTEE ENTITY IS A PARTY TO SUCH DISPUTE WITH RESPECT TO THIS AGREEMENT, ANKURA AND THE SPECIAL COMMITTEE IRREVOCABLY AGREE TO SUBMIT TO THE EXCLUSIVE JURISDICTION AND FORUM OF THE BANKRUPTCY COURT IN WHICH SUCH CHAPTER 11 CASE IS PENDING. BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH PARTY HERETO FURTHER IRREVOCABLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND HEREBY WAIVES IN ALL RESPECTS ANY CLAIM OR OBJECTION THAT IT MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON-CONVENIENS. EACH PARTY HERETO AGREES THAT A FINAL NON-APPEALABLE JUDGMENT IN ANY SUCH ACTION BROUGHT IN ANY SUCH COURT SHALL BE CONCLUSIVE AND BINDING UPON IT AND MAY BE ENFORCED IN ANY OTHER COURT(S) HAVING JURISDICTION OVER IT BY SUIT UPON SUCH JUDGMENT. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN ALL SUCH DISPUTES BY THE MAILING OF COPIES OF SUCH PROCESS TO THE NOTICE ADDRESS FOR EACH SUCH PERSON AS SET FORTH IN THIS AGREEMENT. EACH OF THE PARTIES HERETO HEREBY CERTIFIES THAT NO REPRESENTATIVE OR AGENT OF ANY OTHER PARTY HERETO HAS REPRESENTED EXPRESSLY OR OTHERWISE THAT SUCH PARTY WOULD NOT SEEK TO ENFORCE THE PROVISIONS OF THIS WAIVER. EACH OF THE PARTIES HERETO HEREBY ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY AND IN RELIANCE UPON, AMONG OTHER THINGS, THE PROVISIONS OF THIS SECTION.

16. Notices: Notice given pursuant to any of the provisions of this Agreement shall be in writing and shall be mailed or delivered (including via email so long as the recipient acknowledges receipt) at the address set forth in the signature blocks of each such person below. Notices shall be deemed provided on the date sent.

17. Miscellaneous:

(a) Conflicts:

i) Ankura is involved in a wide range of other activities from which conflicting interests, or duties, may arise. Ankura has undertaken an inquiry of its records in accordance with its standard

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business practices based on the parties identified to it, and has determined that it may proceed. Due to the diversity of Ankura’s experts and advisory services, Ankura cannot be certain all relationships have or will come to light. Should an actual conflict come to the attention of Ankura during the course of this engagement, Ankura will notify Counsel and the Special Committee immediately and take appropriate actions, as necessary. Counsel and the Special Committee represent and warrant that they have informed Ankura of the parties-in-interest to this matter and agree that they will inform Ankura of additions to, or name changes for, those parties-in-interest. Ankura is not restricted from working on other engagements involving the parties in this matter; however, during the course of this engagement, services of the nature described in this Agreement that are directly adverse to the Special Committee shall not be provided by personnel working on this engagement without prior written consent of the Special Committee.

ii) Counsel and the Special Committee acknowledge that Ankura and its affiliates may have provided professional services to, may currently provide professional services to or may in the future provide such services to other parties-in-interest. Counsel and Special Committee agree that Ankura, its affiliates, subsidiaries, subcontractors and their respective personnel will have no responsibility to Counsel or the Special Committee in relation to such professional services, nor any responsibility to use or disclose information Ankura possesses by reason of such services, whether or not such information might be considered material to the Debtor. Information that is held elsewhere within Ankura but is not publicly available will not for any purpose be taken into account in determining Ankura’s responsibilities to Counsel or the Special Committee under this Agreement. Ankura will not have any duty to disclose to Counsel, the Special Committee or any other party or utilize for the benefit of any such party’s or any other party, any non-public information or the fact that Ankura is in possession of such information, acquired in the course of providing services to any other person, engaging in any transaction (on its own account or otherwise) or otherwise carrying on its business.

(b) Exculpation: Counsel, the Debtor and the Special Committee agree not to bring any claim against a direct or indirect holder of any equity interests or securities of Ankura whether such holder is a limited or general partner, member, stockholder or otherwise, affiliate of Ankura, or director, officer, employee, representative, or agent of Ankura, or of an affiliate of Ankura or of any such direct or indirect holder of any equity interests or securities of Ankura (collectively, the “Party Affiliates”). Counsel, the Debtor and the Special Committee further agree that no Party Affiliate shall have any liability or obligation of any nature whatsoever in connection with or under this Agreement or the Services contemplated thereby, and Counsel, Debtor and the Special Committee waive and release all claims against such Party Affiliates related to any such liability or obligation.

(c) Authority; Due Authorization; Enforceability: Each party hereto represents and warrants that it has all requisite power and authority to enter into this Agreement and to perform its obligations hereunder. Each party hereto further represents and warrants that this Agreement has been duly and validly authorized by all necessary corporate action and has been duly executed and delivered by each such party and constitutes the legal, valid and binding agreement of each such party, enforceable in accordance with its terms.

(d) Independent Contractors: In connection with the Services, Ankura may utilize employees, agents or independent contractors or its own affiliates (each of which is a separate and independent legal entity) or its own agents or independent contractors. References in this Agreement to Ankura personnel shall apply equally to employees, agents or independent contractors of Ankura and its affiliates. Ankura shall act as an independent contractor under this Agreement, and not in any other capacity including as a fiduciary, and any obligations arising out of its engagement shall be owed

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solely to the Special Committee and/or Counsel, as applicable. As an independent contractor, Ankura will have complete and exclusive charge of the management and operations of its business, including hiring and paying the wages and other compensation of all its employees and agents, and paying all bills, expenses and other charges incurred or payable with respect to the operations of its business. Ankura will remain solely responsible for the Services.

(e) Limitations of Engagement: Counsel, the Debtor and the Special Committee acknowledge that Ankura is being retained solely to assist Counsel and the Special Committee as described in this Agreement. Counsel and the Special Committee agree that they will be solely responsible implementing any advice or recommendations and for ensuring that any such implementation complies with applicable law. Counsel and the Special Committee understand that Ankura is not undertaking to provide any legal, regulatory, accounting, insurance, tax or other similar professional advice and the Special Committee confirms that it is relying on its own counsel, accountants and similar advisors for such advice. This engagement shall not constitute an audit or review, or any other type of financial statement reporting engagement. It is expressly agreed that, other than as set forth above, Ankura will not evaluate or attest to Intelsat Connect’s internal controls, financial reporting, illegal acts or disclosure deficiencies and Ankura shall be under no obligation to provide formal fairness or solvency opinions with respect to any bankruptcy case or otherwise, or any transaction contemplated thereby or incidental thereto. In rendering its Services pursuant to this Agreement, and notwithstanding anything to the contrary herein, Ankura is not assuming any responsibility for any decision to pursue (or not to pursue) any business strategy or to effect (or not to effect) any transaction. Ankura shall not have any obligation or responsibility to provide legal, regulatory, accounting, tax, audit, “crisis management” or business consultant advice or services hereunder, and shall have no responsibility for designing or implementing operating, organizational, administrative, cash management or liquidity improvements. Ankura’s engagement is to represent Counsel and the Special Committee and not its individual directors, officers, employees or shareholders. However, Ankura anticipates that in the course of the engagement, it may provide information or advice to directors, officers or employees in their corporate capacities.

(f) Counsel Representation: The terms of this Agreement have been negotiated by the parties hereto, who have each been represented by counsel, there shall be no presumption that any of the provisions of this Agreement shall be construed adverse to any party as “drafter” in the event of a contention of ambiguity in this Agreement and the parties waive any statute or rule of law to such effect.

(g) Assignment: This Agreement may not be assigned by any party hereto without the prior written consent of all other parties. Any attempted assignment of this Agreement made without such consent shall be void and of no effect, at the option of the non-assigning parties. This Agreement shall be binding on the parties hereto and their successors and permitted assigns. Notwithstanding the forgoing, Ankura may assign or novate this Agreement to a transferee of all or part of its business upon written notice to Counsel, the Debtor and the Special Committee. Ankura may also transfer or deal with our rights in any unpaid invoice without notice.

(h) Headings: Headings used herein are for convenience of reference only and shall not affect the interpretation or construction of this Agreement.

(i) Survival: Those provisions that by their nature are intended to survive termination or expiration of this Agreement and any right or obligation of the parties in this Agreement that, by its express terms of nature and context is intended to survive termination or expiration of this Agreement, shall so survive any such termination or expiration. For the avoidance of doubt, upon any termination of this Agreement, Section 2-12, 14-18 and Schedule I hereto shall survive such termination and shall

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remain in effect. Notwithstanding the foregoing, the obligations under Section 9 shall survive for two (2) years after termination of this Agreement.

(j) Force Majeure: No party shall be liable for any delays or nonperformance directly or indirectly resulting from circumstances or causes beyond its reasonable control, including but not limited to, fire, pandemic, epidemic or other casualty, act of God, strike or labor dispute, war or other violence, or any law, order or requirement of any governmental agency or authority.

(k) Non-Solicitation: The Special Committee will not, during the term of the engagement or for twelve (12) months thereafter, solicit (directly or indirectly) any employee of Ankura or attempt to induce or cooperate with any other firm in an attempt to induce any employee to leave the employ of Ankura. In the event that an employee of Ankura is hired by the Special Committee during the above mentioned period, the Special Committee agrees to pay to Ankura, no later than ten (10) days after the employees accepts a position with Intelsat Connect, an amount equal to one hundred percent (100%) of the employee’s annualized compensation; provided that the foregoing shall not be violated by general advertising not targeted at Ankura employees.

(l) Money Laundering. Ankura may, in addition to making searches of appropriate databases, request from the Special Committee, its affiliates or its advisors, certain information and documentation for the purposes of verifying the identity of members of the Special Committee to comply with our obligations under applicable money-laundering regulation, legislation and our internal policies. When the Special Committee is acting on behalf of a third-party client, Ankura may request from the Special Committee or Counsel, copies of any documentation the Special Committee or Counsel have obtained in relation to its client. If satisfactory evidence of identity is not provided within a reasonable time, it may be necessary for Ankura to cease work. Where Ankura believes that there are circumstances which may give rise to a money laundering offence under applicable legislation, Ankura may consider it necessary to make a report to the appropriate authorities. Ankura may not be able to discuss such reports and Ankura will not be liable to the Debtor or Special Committee for any loss or damage which they may suffer or incur as a result of our making such a report, including, without limitation, as a result of any delay to any stage of a matter or as a result of completion being prohibited by such authorities.

[Signature pages follow.]

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If the foregoing correctly sets forth our understanding, please indicate your acceptance thereof in the space provided below, whereupon this Agreement and your acceptance shall constitute a binding agreement between us.

If you have any questions, please call Philip J. Gund at 516-695-7003. We look forward to working with you on this important matter.

Ankura Consulting Group, LLC

By: Name: Philip J. Gund Title: Senior Managing Director Email: [email protected] Address: 485 Lexington Avenue New York, NY 10017 With a copy to 485 Lexington Avenue, 10th Floor New York, NY 10017 Attn.: General Counsel

Accepted and agreed:

Special Committee of Intelsat Connect Finance S.A.:

By Name: Michael Foreman Title: Director, Special Committee Member Address: E-mail: [email protected] Date:

By ame: Jeffrey S. Stein Title: Director, Special Committee Member Address: 12 Bradley Farms, Chappaqua, NY 10514 E-mail: [email protected] Date: June 9, 2020 Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 38 of 90 35288631.5 Private and Confidential

COUNSEL:

Willkie Farr & Gallagher LLP

By Name: Brian S. Lennon Title: Partner Address: 787 Seventh Avenue New York, NY 10019 E-mail: [email protected] Date:

Intelsat Connect Finance S.A.:

By Name: Michelle Bryan Title: Deputy Chairman and Secretary Address: 7900 Tysons One Place, McLean, VA 22102 E-mail: [email protected] Date: Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 39 of 90

Intelsat Connect Finance S.A.:

By Name: Michelle Bryan Title: Deputy Chairman and Secretary Address: 7900 Tysons One Place, McLean, VA 22102 E-mail: [email protected] Date: June 8, 2020

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Schedule I

This Schedule I is a part of and incorporated into the letter agreement (the “Agreement”), dated as of June 1, 2020, by and among Ankura, Counsel, the Special Committee and Intelsat Connect. Capitalized terms not defined herein shall have the same meaning assigned in the Agreement.

As a material part of the consideration for the agreement of Ankura to furnish its Services under the Agreement, Intelsat Connect agrees that it shall defend, indemnify and hold harmless Ankura and its affiliates and their respective directors, officers, employees, attorneys and other agents appointed by any of the foregoing and each other person, if any, controlling Ankura or any of its affiliates (Ankura and each such person and entity being referred to as an “Indemnified Person”), from and against any losses, claims, damages, judgments, assessments, costs and other liabilities (collectively, “Liabilities”), and will reimburse each Indemnified Person for all reasonable and documented fees and expenses (including the reasonable and documented fees and expenses of counsel) (collectively, “Indemnified Expenses”) as they are incurred in investigating, preparing, pursuing or defending any claim, action, proceeding or investigation, whether or not in connection with pending or threatened litigation and whether or not any Indemnified Person is a party (collectively, “Actions”), in each case, related to or arising out of or in connection with the Services rendered or to be rendered by an Indemnified Person pursuant to the Agreement or any Indemnified Persons’ actions or inactions in connection with any such Services; provided that Intelsat Connect will not be responsible for any Liabilities or Indemnified Expenses of any Indemnified Person that are determined by a judgment of a court of competent jurisdiction, which judgment is no longer subject to appear or further review, to have resulted primarily from such Indemnified Person’s fraud, bad faith, gross negligence or willful misconduct in connection with any of the Services. Intelsat Connect shall also reimburse such Indemnified Person for all Indemnified Expenses as they are incurred in connection with enforcing such Indemnified Persons’ rights under the Agreement (including without limitation its rights under this Schedule I). Such Indemnified Person shall reasonably cooperate with the defense of any Actions.

Intelsat Connect shall, if requested by Ankura, assume the defense of any such Action including the employment of counsel reasonably satisfactory to Ankura. The Debtor will not, without prior written consent of Ankura (which shall not be unreasonably withheld), settle, compromise or consent to the entry of any judgment in or otherwise seek to terminate any pending or threatened Action in respect of which indemnification or contribution may be sought hereunder (whether or not any Indemnified Person is a party thereto) unless such settlement, compromise, consent or termination (i) includes an unconditional release of such Indemnified Person from all Liabilities arising out of such Action and (ii) does not include any admission or assumption of fault or culpability on the part of any Indemnified Person.

Prior to entering into any agreement or arrangement with respect to, or effecting, any (i) merger, statutory exchange or other business combination or proposed sale, exchange, dividend or other distribution or liquidation of all or a significant portion of its assets, or (ii) significant recapitalization or reclassification of its outstanding securities that does not directly or indirectly provide for the assumption of the obligations of Intelsat Connect set forth in this Agreement, Intelsat Connect will notify Ankura in writing thereof, if not previously so notified, and shall arrange in connection therewith alternative means of providing for the obligations of the Debtor set forth in this Agreement, including the assumption of such obligations by another party, insurance, surety bonds, the creation of an escrow, or other credit support arrangements, in each case in an amount and upon terms and conditions reasonably satisfactory to Ankura.

These indemnification, contribution and other provisions of this Schedule I shall: (i) remain operative and in full force and effect regardless of any termination of the Agreement or completion of the engagement by Ankura; (ii) inure to the benefit of any successors, assigns, heirs or personal representative of any Indemnified Person; and (iii) be in addition to any other rights that any Indemnified Person may have.

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Exhibit B

Gund Declaration Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 42 of 90

Brian S. Lennon (pro hac vice pending) C. Thomas Ebel (VSB No. 18637) Matthew Freimuth (pro hac vice pending) W. Ashley Burgess (VSB No. 67998) Benjamin P. McCallen (pro hac vice pending) Eric C. Howlett (VSB No. 82237) WILLKIE FARR & GALLAGHER LLP Klementina V. Pavlova (VSB No. 92942) 787 Seventh Avenue SANDS ANDERSON PC New York, New York 10019 P.O. Box 1998 Telephone: (212) 728-8000 Richmond, Virginia 23218-1998 Facsimile: (212) 728-8111 Telephone: (804) 648-1636 Facsimile: (804) 783-7291 Proposed Co-Counsel to the Special Committee Proposed Co-Counsel to the Special Committee of Intelsat Connect Finance S.A. of Intelsat Connect Finance S.A.

UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION

) In re: ) Chapter 11 ) INTELSAT S.A., et al.,1 ) Case No. 20-32299 (KLP) ) Debtors. ) (Jointly Administered) )

DECLARATION OF PHILIP J. GUND IN SUPPORT OF APPLICATION OF INTELSAT CONNECT FINANCE S.A. TO RETAIN ANKURA CONSULTING GROUP, LLC AS FINANCIAL ADVISOR TO THE SPECIAL COMMITTEE OF INTELSAT CONNECT FINANCE S.A. EFFECTIVE AS OF JUNE 1, 2020

I, Philip J. Gund, under penalty of perjury, declare as follows:

1. I am a Senior Managing Director of Ankura Consulting Group, LLC (“Ankura”), a

restructuring advisory services firm. I submit this declaration (this “Declaration”)2 on behalf of

Ankura in support of the Application of Intelsat Connect Finance S.A. to Retain Ankura Consulting

Group, LLC as Financial Advisor to the Special Committee of Intelsat Connect Finance S.A.

1 Due to the large number of Debtors in these chapter 11 cases, for which joint administration has been granted, a complete list of the Debtor entities and the last four digits of their federal tax identification numbers is not provided herein. A complete list may be obtained on the website of the Debtors’ claims and noticing agent at https://cases.stretto.com/intelsat. The location of the Debtors’ service address is: 7900 Tysons One Place, McLean, VA 22102.

2 Certain of the disclosures herein relate to matters within the personal knowledge of other professionals at Ankura and are based on information provided by such professionals. Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 43 of 90

Effective as of June 1, 2020 (the “Application”)3 on the terms and conditions set forth in the

Application and the engagement letter dated June 1, 2020, entered into between Intelsat Connect,

the Special Committee and Ankura and attached to the Proposed Order as Exhibit 1 (the

“Engagement Letter”), effective as of June 1, 2020. Except as otherwise noted, I have personal

knowledge of the matters set forth herein.

Disinterestedness and Eligibility

2. In connection with the preparation of this Declaration, Ankura conducted a review

of its contacts with Intelsat Connect, the Debtors, the Special Committee, their affiliates and certain

entities holding large claims against or interests in the parties that were made known to Ankura.

A listing of the parties reviewed is reflected on Schedule 1 to this Declaration (the “Retention

Checklist”). Ankura’s review, completed under my supervision, consisted of a query of the

Retention Checklist within an internal computer database containing names of individuals and

entities that are present or recent former clients of Ankura. The disclosure list attached as

Schedule 2 to this Declaration (the “Disclosure List”) is the result of Ankura’s review.

3. As part of its diverse practice, Ankura appears in numerous cases, proceedings, and

transactions that involve many different professionals, including attorneys, accountants, and

financial consultants, who may represent claimants and parties in interest in these chapter 11 cases.

Also, Ankura has performed in the past, and may perform in the future, advisory consulting

services for various attorneys and law firms, and has been represented by several attorneys and

law firms, some of whom may be involved in these proceedings. In addition, Ankura has in the

past, may currently, and will likely in the future be working with or against other professionals

3 Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Application. Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 44 of 90

involved in these chapter 11 cases in matters unrelated to Intelsat Connect and the Debtors, and

these chapter 11 cases. Based on our current knowledge of the professionals involved, and to the

best of my knowledge, none of these relationships create interests materially adverse to the Debtors

in matters upon which Ankura is to be employed, and none are in connection with these

chapter 11 cases.

4. Ankura does not believe it is a “creditor” with respect to fees and expenses of any

of the Debtors within the meaning of section 101(10) of the Bankruptcy Code. Further, neither I

nor any other member of the Ankura engagement team serving the Debtors, to the best of my

knowledge, is a holder of any outstanding debt instruments or shares of the Debtors’ stock.

5. As such, to the best of my knowledge and based upon the results of the relationship

search described above and disclosed herein, other than as specified herein, Ankura (i) is not a

creditor, or equity security holder, (ii) has not been, within three (3) years before the Petition Date,

(a) an investment banker for a security of the Debtors or (b) an attorney for such an investment

banker in connection with the offer, sale, or issuance of a security of the Debtors, (iii) was not,

within two (2) years before the Petition Date, a director, officer, or employee or of any investment

banker as specified in part (ii) of this paragraph, and (iv) does not have an interest materially

adverse to the interest of the Debtors’ estates or of any class of creditors or equity security holders.

6. It is Ankura’s policy and intent to update and expand its ongoing relationship search

for additional parties in interest in an expedient manner. If any new parties-in-interest are provided

to Ankura and in connection therewith, Ankura discovers new material relevant facts or

relationships, Ankura will promptly file a supplemental declaration. Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 45 of 90

Professional Compensation

7. Subject to Court approval of the Application and in accordance with the applicable

provisions of the Bankruptcy Code, the Bankruptcy Rules, and the Local Bankruptcy Rules,

Ankura will seek from Intelsat Connect payment for compensation on an hourly basis for all

Ankura Professionals, as well as reimbursement of actual and necessary expenses incurred by

Ankura. Ankura’s customary hourly rates as charged in bankruptcy and non-bankruptcy matters

of this type by the professionals assigned to this engagement are outlined in the Application. These

hourly rates are generally adjusted annually.

8. To the best of my knowledge, (i) no commitments have been made or received by

Ankura with respect to compensation or payment in connection with these cases other than in

accordance with applicable provisions of the Bankruptcy Code and the Bankruptcy Rules, and

(ii) Ankura has no agreement with any other entity to share with such entity any compensation

received by Ankura in connection with these chapter 11 cases.

9. By reason of the foregoing, I believe Ankura is eligible for retention by the Debtors

pursuant to sections 327 and 328 of the Bankruptcy Code and the applicable Bankruptcy Rules,

and Local Bankruptcy Rules.

Dated: June 9, 2020 New York, New York

/s/ Philip J. Gund Philip J. Gund Senior Managing Director Ankura Consulting Group, LLC Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 46 of 90

Schedule 1

Retention Checklist Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 47 of 90

Known Affiliates

Access PAS France Intelsat Connect Finance SA Access PAS Germany Intelsat Corp. AccessPAS Inc. Intelsat Cosmos LLC EUROPE*STAR Gesellschaft für Intelsat de Colombia SA Satellitenkommunikation mbH Intelsat Envision Holdings LLC G2 Satellite Solutions Intelsat Finance Bermuda Ltd. Galaxy 11 Holding Co. Inc. Intelsat Finance Nevada Galaxy 12 Holding Co. Inc. Intelsat Finance Nevada LLC Galaxy 13 Holding Co. Inc. Intelsat France SAS Galaxy 14 Holding Co. Inc. Intelsat Galaxy Galaxy 15 Holding Co. Inc. Intelsat General Galaxy 16 Holding Co. Inc. Intelsat General Communications LLC Galaxy 17 Holding Co. Inc. Intelsat Genesis GP LLC Galaxy 18 Holding Co. Inc. Intelsat Genesis Inc. Galaxy 3C Holding Co. Inc. Intelsat Germany GmbH Horizons-1 Satellite LLC Intelsat Global Holdings SA Horizons-2 Satellite LLC Intelsat Global SA Horizons-3 Japan Branch Intelsat Global Sales & Marketing Ltd. Horizons-3 License LLC Intelsat Global Sales & Marketing Ltd. Horizons-3 Satellite LLC (UAE Branch) IGS LLC (Korea Branch) Intelsat Global Service LLC Intelsalt UK Financial Services Ltd. Intelsat Global Services LLC Intelsat (Bermuda) Ltd. Intelsat Global Subsidiary SA Intelsat (Gibraltar) Ltd. Intelsat Holding Corp. Intelsat (Luxembourg) Finance Co. SARL Intelsat Holdings LLC Intelsat (Luxembourg) SA Intelsat Holdings Ltd. Intelsat (Poland) Sp. Zoo Intelsat Holdings SA Intelsat (Poland) Sp. Zoo (Luxembourg Intelsat Horizons-3 LLC Branch) Intelsat India Intelsat Africa (Pty.) Ltd. Intelsat India Pvt. Ltd. Intelsat Align SARL Intelsat Intermediate Holding Co. SA Intelsat Alliance LP Intelsat Intermediate LLC Intelsat Asia (Hong Kong) Ltd. Intelsat International Employment Inc. Intelsat Asia Carrier Services Inc. Intelsat International Systems LLC Intelsat Asia Carrier Services LLC Intelsat Investment Holdings SARL Intelsat Asia Pty. Ltd. Intelsat Investments SA Intelsat Asia Pty. Ltd. (Philippines Branch) Intelsat Ireland Operations Ltd. Intelsat Australia Pty. Ltd. Intelsat Ireland Operations Unlimited Co. Intelsat Brasil Ltda. Intelsat Israel Ltd. Intelsat Brasil Servicos de Telecomunicacao Intelsat Jackson Holdings Ltd. Ltda. Intelsat Jackson Holdings SA Intelsat Canada ULC Intelsat Kommunikations GmbH Intelsat China (Hong Kong) Ltd. Intelsat License Holdings LLC Intelsat Clearinghouse LLC Intelsat License LLC Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 48 of 90

Intelsat LLC PanAmSat Corp. Intelsat Ltd. PanAmSat De Mexico S. de RL de CV Intelsat Luxembourg Investment SARL PanAmSat Do Brasil Ltda. Intelsat Management LLC Panamsat Europe Corp. Intelsat Marketing India Pvt. Ltd. PanAmSat Europe Ltd. Intelsat New Dawn (Gibraltar) Ltd. PanAmSat France Intelsat New Dawn Co. Ltd. PanAmSat France SAS Intelsat North America LLC PanAmSat H2 Intelsat Norway AS PanAmSat H-2 Licensee LLC Intelsat Operations SA Panamsat India Inc. Intelsat Peru PanAmSat India LLC Intelsat Phoenix Holdings SA Panamsat India Marketing LLC Intelsat Properties Corp. Panamsat International Holdings LLC Intelsat Riverside Teleport Corp. Panamsat International Sales Inc. Intelsat SA Panamsat International Sales LLC Intelsat Satellite Communications Ltd. Panamsat International Systems Marketing Intelsat Satellite Galaxy 17 Inc. LLC Intelsat Satellite Galaxy 18 Inc. PanAmSat Licensee Corp. Intelsat Satellite Is 11 Inc. PanAmSat Licensee LLC Intelsat Satellite IS 14 Inc. PanAmSat LLC Intelsat Satellite LLC Panamsat Satellite Europe Ltd. Intelsat Senegal SARL PanAmSat Satellite Galaxy 10R Inc. Intelsat Service & Equipment Corp. PanAmSat Satellite Galaxy 11 Inc. Intelsat Service & Equipment LLC PanAmSat Satellite Galaxy 12 Inc. Intelsat Service and Equipment Corp. PanAmSat Satellite Galaxy 13 Inc. Intelsat Singapore Pte. Ltd. PanAmSat Satellite Galaxy 14 Inc. Intelsat Subsidiary (Gibraltar) Ltd. PanAmSat Satellite Galaxy 15 Inc. Intelsat Subsidiary Holding Co. SA PanAmSat Satellite Galaxy 16 Inc. Intelsat US Finance LLC PanAmSat Satellite Galaxy 17 Inc. Intelsat US LLC PanAmSat Satellite Galaxy 18 Inc. Intelsat USA Licensee LLC PanAmSat Satellite Galaxy 1R Inc. Intelsat USA Sales LLC PanAmSat Satellite Galaxy 3C Inc. Intelsat Venezuela PanAmSat Satellite Galaxy 3R Inc. Intelsat Ventures SARL PanAmSat Satellite Galaxy 4R Inc. Intelsat Virginia Holdings LLC PanAmSat Satellite Galaxy 5 Inc. International Systems LLC PanAmSat Satellite Galaxy 9 Inc. IS 11 Holding Co. Inc. PanAmSat Satellite HGS 3 Inc. IS 14 Holding Co. Inc. PanAmSat Satellite HGS 5 Inc. Mountainside Teleport LLC PanAmSat Satellite Leasat F5 Inc. NeTune Communications Inc. PanAmSat Satellite PAS 10 Inc. New Dawn Distribution Co. Ltd. PanAmSat Satellite PAS 1R Inc. New Dawn Satellite Co. Ltd. PanAmSat Satellite PAS 2 Inc. PanAmSat Africa Pty. Ltd. PanAmSat Satellite PAS 3 Inc. PanAmSat Asia Carrier Services Inc. PanAmSat Satellite PAS 4 Inc. Panamsat Capital Corp. PanAmSat Satellite PAS 5 Inc. Panamsat Communications Japan Inc. PanAmSat Satellite PAS 6B Inc Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 49 of 90

PanAmSat Satellite PAS 7 Inc. PanAmSat Satellite PAS 8 Inc. PanAmSat Satellite PAS 9 Inc. PanAmSat Satellite SBS 6 Inc. Panamsat Services Inc. PanAmSat Sistemas De Comunicacao Dth Do Brasil Ltda. PAS 10 Holding Co. Inc. PAS 1R Holding Co. Inc. PAS 5 Holding Co. Inc. PAS 7 Holding Co. Inc. PAS 8 Holding Co. Inc. PAS 9 Holding Co. Inc. PAS International Employment Inc. PAS International LLC SAF (Le 310) Sonic Telecom Ltd. UK Southern Satellite Corp. Southern Satellite Licensee Corp. Southern Satellite Licensee LLC Southern Satellite LLC Southern Satellite LLC (Argentina Branch) Southern Satellite LLC (Peru Branch) Ushi LLC Wpcom S de RL de CV Zeus Merger One Ltd. Zeus Merger Two Ltd. Zeus Special Subsidiary Ltd. Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 50 of 90

Bankruptcy Judges

Hon. Keith L. Phillips Hon. Kevin R. Huennekens Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 51 of 90

Bankruptcy Professionals

Alvarez and Marsal Kekst and Company Kirkland & Ellis LLP Kutak Rock PJT Partners LP Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 52 of 90

Banks/Lenders/UCC Lien Parties/Administrative Agents

1832 Asset Management, L.P. Barings, LLC Aberdeen Standard Investments (U.S.) Beach Point Capital Management Lp Abry Partners Llc Beach Point Capital Management, L.P. ABRY Partners, LLC Benefit Street Partners L.L.C. AEGON USA Investment Management, Benefit Street Partners Llc LLC Benefit Street Partners, LLC Aequim Alternative Investments, L.P. BlackRock Alcentra Limited BlackRock Advisors, LLC Alcentra NY LLC Blackrock Advisors, Llc AllianceBernstein Holding LP BlackRock Financial Management Inc Alliancebernstein L.P BlackRock Institutional Trust Company, NA AllianceBernstein, L.P. (U.S.) BlueBay Asset Management, LLP Allianz Global Investors U.S., LLC BMO Asset Management U.S. Allianzgi Global Investors BMO Capital Markets Allstate Investment Management Company Bnp Paribas Allstate Investments, LLC BNP Paribas Securities Corporation Allstate Life Insurance Company Boston Management and Research Amundi Pioneer Asset Management, Inc. Brean Asset Management, LLC Angelo Gordon & Company LLP Brigade Capital Management, L.P. AngelPoint Asset Management BVK- Beamtenversicherungskasse des Antara Capital LP Kantons Zurich Apg Asset Management Calamos Advisors, LLC APG Asset Management US, Inc. Calamos Asset Management Inc Apollo Capital Management LP Capital Research & Management Company Apollo Credit Management, LLC (U.S.) Apollo Global Management, LLC Capital Research And Management Apollo Capital Management, L.P Company Appaloosa, L.P. Carlson Capital LP Arena Capital Advisors, LLC Cedarview Capital Management Ares Management Corporation Ci Investments Inc. Ares Management Llc CI Investments, Inc. Ares Management, LLC Citibank Aristeia Capital, LLC Citibank N.A. Aurelius Capital Management, LP- FM Aviva Investors Americas, LLC Citibank N.A. Banamex Bain Capital Credit Lp Citibank, N.A. Bain Capital Credit, L.P. Citigroup Global Markets, Inc. Bank of America Columbia Management Investment Bank of America N.A. Advisers, LLC Bank Of America, N.A. Credit Suisse AG Bank of Scotia, The Credit Suisse Alternative Capital, LLC Barclays Bank PLC Crescent Capital Group LP Barclays Bank Plc Davidson Kempner Capital Management, Barclays Capital, Inc. L.P. Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 53 of 90

DBX Advisors, LLC HSBC Bank USA Deutsche Bank AG New York Branch HSBC Global Asset Management (USA), Deutsche Bank Ag New York Branch Inc. Deutsche Investment Management Americas HSBC Trinkaus & Burkhardt AG Deutsche Bank AG, London Invesco Advisers, Inc. Discovery Capital Management, LLC Invesco Canada Ltd. Doubleline Capital Lp Invesco Capital Management, LLC DoubleLine Capital, L.P. Invesco Senior Secured Management Inc DW Partners, L.P. Invesco, Ltd DWS Investment Management Americas, Ivy Investment Management Co Inc. J.P. Morgan Investment Management, Inc. Eaton Vance (Funds) J.P. Morgan Securities, LLC Eaton Vance Management Janus Capital Management, LLC Eaton Vance Management Inc JP Morgan Asset Management ECO Management LP JPMorgan Asset Management Employees Retirement System of Texas Jpmorgan Chase Bank, N.A. Empyrean Capital Partners, L.P. JPMorgan Chase Bank, National Federated Association Federated Investment Management JPMorganCC Company KDP Asset Management Inc Fidelity Management & Research Company KKR Asset Management LLC Fisch Asset Management AG Kkr Credit Advisors (Us) Llc FMR LLC KKR Credit Advisors (US), LLC Fort Washington Investment Advisors, Inc. KKR FI Advisors LLC Franklin Advisers, Inc. Kohlberg Kravis Roberts & Co Franklin Mutual Advisers LLC Littlejohn & Co., LLC FS KKR Capital Corp. Loews Corp Garland Business Corp Loews Corp. (Asset Management) Geode Capital Management, LLC Loomis Sayles & Company, L.P. GMO LLC Lord, Abbett & Co., LLC (Asset GoldenTree Asset Management, L.P. (U.S.) Management) Goldman Sachs Asset Management Mackay Shields Llc Goldman Sachs Asset Management LP MacKay Shields, LLC Goldman Sachs Asset Management, L.P. Macquarie Capital Group Limited (U.S.) Manulife Asset Management (US) LLC Goldman Sachs Bank USA Manulife Investment Management (U.S.), Goldman Sachs Lending Partners LLC GSO / Blackstone Debt Funds Management, Marathon Asset Management, L.L.C. LLC Mason Street Advisors, LLC Guardian Investor Services Llc Mellon Investments Corporation Guardian Investor Services, LLC Melqart Asset Management (UK), Ltd Harbert Management Corporation Metropolitan West Asset Management Heights Capital Management, Inc. MFS Investment Management HG Vora Capital Management LLC MidOcean Credit Partners Highbridge Capital Management, LLC Mitsubishi UFJ Financial Group Highland Capital Management LP Mizuho Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 54 of 90

Morgan Stanley & Company, LLC PointState Capital, L.P. Morgan Stanley Bank National Association Ppm America Inc Morgan Stanley Investment Management PPM America, Inc. Inc. Principal Global Investors, LLC Morgan Stanley Senior Funding, Inc. Providence Equity Partners Inc MSD Capital Providence Equity Partners LLC Muzinich & Co Prudential Investment Management Inc Muzinich & Company, Inc. Putnam Advisory Company LLC Napier Park Global Capital (US), L.P. Putnam Investment Management, LLC National Bank of Canada Putnam Investments Neuberger Berman Fixed Income LLC RBC Capital Markets, LLC Neuberger Berman Group Llc RBC Dominion Securities, Inc. Neuberger Berman Investment Advisers Redwood Capital Management, LLC LLC Redwood Capital Management, Llc Neuberger Berman Investment Advisers, Royal Bank of Canada LLC Royal London Asset Management, Ltd Neuberger Berman LLC RP Investment Advisors, L.P. New Generation Advisors, LLC Schroder Investment Management North New York Life Investment Management America, Inc. LLC Scotia Capital, Inc. New Generation Advisors, LLC SEB Investment Management AB Newfleet Asset Management LLC Seix Investment Advisors LLC NNIP Advisors B.V. Sentinel Dome Partners Llc Nokota Management, L.P. Sentinel Dome Partners, LLC Nomura Corporate Research and Asset SG Americas Securities, LLC Management, Inc. (U.S.) Shenkman Capital Management, Inc. Northern Trust Investments, Inc. Signature Bank Novo Banco Silverback Asset Management, LLC Nykredit Asset Management A/S SKY Harbor Capital Management, LLC Oaktree Capital Management Lp Snowcat Capital Management Lp Oaktree Capital Management, L.P. Snowcat Capital Management, L.P. Observatory Capital Management, LLP Societe Generale Octagon Credit Investors LLC Solus Alternative Asset Management Lp Omega Advisors, Inc. Solus Alternative Asset Management, L.P. Pacific Investment Management Company Soros Fund Management, LLC LLC Sound Point Capital Management LP Pacific Life Fund Advisors Llc Spring Creek Investment Management Pacific Life Fund Advisors, LLC State Street Global Advisors (SSGA) Park Avenue Institutional Advisers Stone Harbor Investment Partners Lp Pentwater Capital Management, L.P. Stone Harbor Investment Partners, L.P. PGIM Inc. SunTrust Bank PGIM, Inc. Symphony Asset Management Llc Phoenix Investment Adviser, LLC Symphony Asset Management, LLC PIMCO T. Rowe Price Associates Inc Pinebridge Investments Llc T. Rowe Price Associates, Inc. PineBridge Investments, LLC TBK Bank, SSB Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 55 of 90

TCW Asset Management Company TCW Investment Management Company The Guardian Life Insurance Company of America Third Point, LLC Thornburg Investment Management Thrivent Asset Management Llc Thrivent Asset Management, LLC Thrivent Financial TIG Advisors, LLC UBS Asset Management (Americas) Inc. UBS Loan Finance UBS Securities, LLC Universal-Investment-Gesellschaft mbH Us Bank USAA Capital Corporation Varde Partners Victory Capital Management, Inc. Virtus Group LP Voya Investment Management, LLC Waterfall Asset Management, LLC Wellington Management Company, LLP Wells Capital Management Inc Wells Capital Management, Inc. Wells Fargo Securities, LLC Western Asset Management Company Whitebox Advisors, LLC York Capital Management LP Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 56 of 90

Bank Of America, N.A BOK Financial, N.A. Credit Suisse Securities (USA) LLC Delaware Trust Company Fenner & Smith Inc JP Morgan Security LLC Merrill Lynch Pierce U.S. Bank National Association US Bank, NA Wells Fargo Bank, NA Wilmington Savings Fun Society, FSB Wilmington Trust, NA Wilmington Trust, National Association Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 57 of 90

Customers

A&E Networks LLC Andesat Peru SAC Aastha Broadcasting Network Ltd. Andesat SA ABC Inc. Andina de Radiodifusion (Peru) ABS-CBN Global Ltd. Antena Uno Canal 6 SRL Accelerated Media Technologies Inc. Antenna Technology Communications Inc. Actualidad Media Group LLC Antrix Corp. Ltd. Administración Nacional de Anylink Argentina SA Telecomunicaciones Apt Mobile Satcom Ltd. Adore Technologies Pte. Ltd. ARK Multicasting Inc. Advert Bereau Co. Ltd. Arqiva Asia Africa Digital Network Ltd. Arqiva Communications Ltd. Africa Media Group Ltd. Arqiva Ltd. Africa Mobile Network Communication Arqiva SAS Ltd. Arqiva Satellite and Media Africa Mobile Networks Cameroon SARL Arte Radio Televisivo Argentino SA Africa Mobile Networks GB SARL Aruji Co. Ltd. Africa Mobile Networks Guinee SARL Asecna BZV Africa Mobile Networks Liberia Inc. Asia Pacific Communication Specialist PNG Africa Mobile Networks Ltd. Ltd. Africa Mobile Networks Zambia Ltd. Asia Today Ltd. Africa Online Operations Ltd. (Mauritius) Asix Asia Satellite Internet Exchange Ltd. Africable Network SA Asociacion Civil Religiosa Diospi Suyana Afrique Telecom SA Asociacion Cultural Bethel AG Radio Holding SRL Asociacion Evangelistica Cristo Viene Inc. Air Traffic & Navigation Services SL Associated Press Inc., The SAS AT TV Inc. Airtel Congo RDC SA AT&T Corp. Airtel Congo SA AT&T Inc. Airtel Madagascar SA AT&T Sports Networks LLC Airtel Networks Kenya Ltd. Audacy Corp. Airtel Networks Ltd. Audio Video SA de CV Airtel Seychelles Ltd. Audiovisuales Mediapro Mexico SA de CV Airtel Tchad SA Australian Broadcasting Corp. Al Harbi Telecom Co. Australian Defence Force Al Jazeera Channel Newsgathering Av-Comm Pty. Ltd. Al Jazeera English Doha Avt Channels Pte. Ltd. Aldea Solutions Inc. AVW Ltd. Aljeel Aljadeed for Technology Axesat Peru SAC Altitude Sports & Entertainment LLC Axesat SA Amagi Corp. Azercosmos OJSco. AMC Network Entertainment LLC Bangladesh Telecommunications Co. Ltd. AMC Networks Broadcasting & Technology Banque Centrale des Etats de L'Afrique de American Broadcasting Cos. L'Ouest American National Red Cross Basic Solutions Corp. Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 58 of 90

Baud Telecom Co. Central European Telecom Services GmbH BBC Global News Ltd. Central Vermont Communications Inc. BeINSport France Centre National D'Etudes Spatiales Belgacom International Carrier Services SA Centro de Radio y Television Cratel CA Bell Canada - NCM CenturyLink Argentina SA Bennett Coleman Co. Ltd. Centurylink Chile SA BET Satellite Services Inc. CenturyLink Colombia SAS Bharti Airtel (France) SAS Channels Inc. Ltd. Bharti Airtel (UK) Ltd. Chile Films SpA Bharti Airtel Ltd. Chilevision Bharti International Singapore Pte. Ltd. China Building Technique Group Co. Ltd. Bible Broadcasting Network China Central Television Blue C Mobile Pte. Ltd. China Radio International Boeing Co., The China Satellite Communications Co. Ltd. Bolivia TV China Telecom Satellite Communications Botswana Radio & TV Co. Ltd. Brigham Young University China Unicom (Europe) Operations Ltd. Brimrun Ehf. Christ Apostolic Temple Inc. British Telecommunications plc Christian Vision USA Inc. Broadband Systems Corp. Church of Jesus Christ of Latter-Day Saints, BT LatAm Argentina SA The BT LatAm Colombia SA Cia. Latinoamericana de Radiodifusion SA BT Telekom Hizmetleri SA Claro Servicios SA Bulgarian Telecommunications Co. Ead Claudia Hoffmann TV Planung Business News (Asia) LLP Click Pacific Ltd. Cable & Wireless (Panama) SA CMMB Satellite Services Ltd. Cable & Wireless (Seychelles) Ltd. CNN Chile Canal de Television Ltda. Cable News & Business Channel Cobbett Hill Earth Station Ltd. Cable News Network LP Cocatel S de RL Cabo Verde Telecom SARL Colombia Telecomunicaciones SA ESP Cadena Ecuatoriana de Televisión C.A. Comcast Cable Communications Canal 10 Management LLC Cadena Tres I SA de CV Comcast Media (Massachusetts) Canal + International Comcast Network (Philadelphia) LLC, The Canal de Futbol SpA Comcast Sports CapRock UK Ltd. Comcast SportsNet Mid-Atlantic Castor Marine BV Comcast SportsNet New York Cat Telecom Public Co. Ltd. Comcast SportsNet Philadelphia CBS Broadcasting Inc. (USA) Commsystems LLC CBS Inc. Comores Telecom CBS Newspath Compañía Anónima Nacional Teléfonos de CBS Sports Network Venezuela Celtel Gabon SA Compañia Nacional de Telefonos Telefonica Celtel Niger SA del Sur SA Central American Corporation for Air Compañia Peruana de Radiodifusion SA Navigation Services Compañia Televisora Hondureña SA de CV Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 59 of 90

COMSATES El Sembrador Ministries Inc. ComSys Ghana Ltd. EMC Mobility Services SA Contenido Alternativo SA de CV Emerging Markets Communications LLC Cooperativa de Telecomunicaciones Santa Emirates Integrated Telecomunication Co. Cruz Ltda. PJSC Copaco SA Emirates Telecommunications Group Co. Corporacion de Radio y Television del PJSC Norte Emmanuel Global Network Nigeria Corporacion Peruana de Aeropuertos y Empresa Argentina de Soluciones Satelitales Aviacion Comercial SA SA CRP Medios y Entretenimiento SAC Empresa de Telecomunicaciones de Cuba CSS SARL SA CW Network LLC, The Empresa Nacional de Exploração de Daar Communications Aeroportos e Navegação Aérea Enana Datadrill Communications Inc. EP Datagroup Empresa Nacional de Telecomunicacoes de Datasat Communications Ltd. Mozambique DBSD Satellite Services GP Empresa Radiodifusora Marconi SA Defence Materiel Organisation Encompass Digital Media (Asia) Pte. Ltd. Dejero Labs Inc. Encompass Digital Media Argentina SA Detecon al Saudia Co. Ltd. Encompass Digital Media Inc. Deutsche Welle Encompass Digital Media Ltd. (UK) Dhiraagu plc Encompass Digital Media Uruguay SA Dialog Television (Private) Ltd. E-Networks Digi SRO Enlaces Guayana CA Digicel Fiji Ltd. Entel Chile Digicel Png Ltd. Entel SA Direct On Data Ltd. Epiqa SRL Unipersonale Directv Latin America LLC Eprocess International SA Directv LLC Ericsson AB Ghana Directv Peru SRL Ericsson AB Succursale Benin DIRECTV Puerto Rico Ltd. Eritrea Telecomunication Services Corp. Discovery Communications Europe Ltd. ESPN Deportes Discovery Communications LLC ESPN Inc. Discovery Latin America LLC ESPN Network Traffic (Sports) Discovery Networks Asia-Pacific Pte. Ltd. ESPN News (Assignment Desk) Disney Productions/Maingate Entertainment ESPN Sur Disney Worldwide Eternal Word Television Network Inc. Disneyland Ethio Telecom Corp. Djibouti Telecom Etisalat Afghanistan Drukcom Pvt. Enterprise SAS Duma Fm Pty. Ltd. Eurovision Americas Inc. E! Entertainment Television Inc. Eurovision Services SA Efatha Ministry Eutelsat America Corp. Eglise Shalom Tabernacle de Gloire Exatel SA Egypt Sat Co. Extreme Reach Inc. Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 60 of 90

Facturation Onati GlobeCast America Inc. Federal Radio Corp. of Nigeria GlobeCast Asia Pte. Ltd. Fiji Television Ltd. GlobeCast France SAS Flexible IT Solution GlobeCast Near & Middle East SAL Fox Digital Entertainment Inc. GlobeCast UK Ltd. Fox Entertainment Group Inc. Globecomm Europe BV Fox Latin American Channel LLC Globecomm Network Services Corp. Fox Latin American Channel SRL Gogo LLC Fox News Channel News Department Fox News Network GrupoRPP SAC Fox Sports (West) GTD Teleductos SA Fox Sports Houston Guyana Telephone & Telegraph Co. Fox Sports Net LLC Hatif Libya Fox Sports Net Production HBO Latin America Production Services LC Fox Sports Networks Inc. HBO-Strategic Fox Television Stations Inc. Hdnet LLC Foxcorp Holdings LLC Hearst Television Inc. Frequentis AG Herring Networks Inc. FSLA Holdings LLC Higher Ground LLC Fundacion para la Educacion y la Hispasat SA Comunicacion Social Home Box Office Inc. Futaris Inc. Hoosier Energy Gabon Telecom SA Hope Channel Inc. Galaxy Entertainment de Venezuela SCA Houghton Mifflin Harcourt Publishing Co. Gambia Radio and Television Services Hughes Network Systems LLC Gas Transboliviano SA Hungaro Digitel plc Gateway Global Communications Ltd. Hunter Communications Inc. Gci Communication Corp. I Radio North East and Midlands Ltd. Ghana, Government of, Civil Aviation Iabg Teleport GmbH Authority Iglesia Ministerio de Motivación Cristiana Gilat Colombia SAS ESP IGP Inc. Gilat Satellite Networks Ltd. Iko Media Group AG Gilat Telecom Ltd. Imedia Brands Inc. Gilat Telecom Ltd. Africa Independent News Service Pvt. Ltd. Gilat To Home Peru SA Indiasign Private Ltd. Gity AS Indo Teleports Ltd. Global Crossing Americas Solutions LLC Indusind Media & Communications Ltd. Global Data Systems Inc. Industrias Audiovisuales Mexicanas SA de Global Eagle Entertainment Inc. CV Global Radiodata Communication Ltd. Informatics Services Corp. Global Satellite Spain SL Infrasat Telecomunicações SA Global Tower Inmarsat Inc. Globaleye International Co. Ltd. Inmarsat Solutions BV GlobeCast - DCPItalia INSP LLC GlobeCast Africa Pty. Ltd. Institute of Geosciences Energy Water and GlobeCast America - LA Environment Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 61 of 90

Instituto Nacional de Radio Y Television LapTV Atlanta Partners Del Peru LBIsat LLC Intavision Media Productions Corp. LCDC Telecoms Interamerica Broadcasting & Production Co. Leonardo SpA SA Lesea Broadcasting Corp. International Civil Aviation Organization Level 3 Communications LLC International Media Content LG Uplus Corp. International Media Distribution LLC Liberty Iberoamerica SLU Intertel Nigeria Ltd. Libya Telecom & Technology Interxect Ltd. Lifetime Entertainment Services LLC Int'ltec Group Ligado Networks LLC Intrasky (Offshore) SAL Linkup Communications Corp. IP Access International Inc. Liquid Telecommunications Operations Ltd. IRIB Liquid Telecommunications South Africa Iris Smart Technologies Ltd. (Pty.) Ltd. IS Internet Solutions Ltd. Lloyd E Rigler Lawrence Deutsch Isat Africa Ltd. FZC Foundation ISNet Electronic Information Production Lockheed Martin Commercial Space Distribution Trade and CommServices Systems Inc. L'Opera SC ISRO Los Cipreses SA Itissalat Al Maghrib SA (Morocco) Luna Space Telecommunications Co. Ltd. ITV Independent Television Ltd. Luxembourg Space Telecommunication SA Japan International Broadcasting Inc. Mahube Turnkey Solutions (Pty.) Ltd. Japan, Government of, Aerospace Major League Baseball Network Exploration Agency Marine Technologies LLC Jason Electronics (Pte.) Ltd. Marlink AS JSAT International Inc. Marshall Islands National Telecom KBS America Inc. Authority KDDI America Inc. Mavis Satcom Ltd. KDDI Corp. MCI Communications Services Inc. KDFW Fox4 News Media Broadcast Satellite GmbH Kenya Broadcasting Corp. Media Networks Latin America SAC Kenya, Government of, Civil Aviation Media Niugini Ltd. Authority Mediamobil Communication GmbH Keystone Enterprise Services LLC Mediaworks Kingdom Africa Media Ltd. Mega Media Holdings Inc. Kiss TZ Music SRL Megafon PJSC Kordia Pty. Ltd. MEO - Serviços de Comunicações e Kratos Spectral Services Multimédia SA Ksat Global AS Meteor Trading Co. KTSAT Co. Ltd. Microcom KVH Industries Inc. Microspace Communications Corp. KWSU/KTNW Television Milano Teleport SRL Kymeta Ministere des Postes Telecommunications et Lamhas Satellite Services Ltd. de L'Economie Numerique Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 62 of 90

Mirsat SAL NBC Universal International Networks Mobicom Networks LLC Spanish Latin America LLC Mobil Satellite Technologies NBC Universal Media LLC Mobile Telecommunications Ltd. NBCUniversal Media LLC Mobile Telephone Networks (Pty.) Ltd. NEP Connect Ltd. Mongolia Telecom Co. Nepal Doorsanchar Co. Ltd. Mongolia, Government of, Civil Aviation New England Cable News Authority New Skies Satellites BV Mossel/Digicel (Jamaica) Ltd. New Vision MSM Asia Ltd. News 106 Ltd. MSNBC Cable LLC Next Step Co. Ltd. MSTelcom SARL Nfl Enterprises LP MTN Dubai Ltd. NHK Cosmomedia America Inc. MTN GlobalConnect Solutions Ltd. NHK Global Media Services Inc. MTN GlobalConnect Solutions Ltd. Nigeria, Government of, Airspace (Nigeria) Management Agency MTN Nigeria Communications Ltd. Nigeria, Government of, Television MTV Asia Authority MTV Networks Nine Networks Australia Pty. Ltd. MTV Networks Latin America Inc. Nippon Hoso Kyokai Multichoice Africa Holdings BV North Korea, Government of, Ministry of Multichoice Africa Ltd. Post & Telecommunications Multichoice Group Ltd. Nortis-Cimecom SA Multichoice Support Services (Pty.) Ltd. Novavision Group SpA Multimedia CTI SA de CV NSSLGlobal Ltd. Multimodal Enterprises Inc. NTvsat Neguse Taddesse Mundo Startel SA NY1 News Music Choice Oasis Networks Muzak LLC Office des Postes et Télécommunications MX1 CEE SA Oman Telecommunications Co. SAOG MX1 Ltd. Oman, Government of, Ministry of Foreign Myanma Posts and Telecommunications Affairs Myanmar, Government of, Ministry of Omniaccess SL Transport and Communications Omnispace LLC Mysat Pty. Ltd. ONATEL Burkina Faso Nation Media Group plc One Africa Television Pty. Ltd. National Association of Broadcasters One Commerce (International) Corp. National Cable Satellite Corp. Ontras Gastransport GmbH National Public Radio Inc. Optus Networks Pty. Ltd. Navarino Technology CY Ltd. Orange Ci SA NBC Facilities Inc. Orange SA NBC News Channel Orange SA (Cameroun) NBC Sports Network (NBCSN) Orange SA (Niger) NBC Unisla Orbit Data Systems Ltd. NBC Universal International Ltd. Orbital ATK Space Logisitics LLC Orion Express Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 63 of 90

Overon America LLC Rignet Inc. Abu Dhabi Pac-12 Enterprises Rignet UK Ltd. Pacific Cooperation Broadcasting Ltd. Rio Pacifico SAC Pacific Television Center Inc. Roberts Flight Information Region Pacific Vaizeds Enterprise Ltd. Romantis OOO Pakistan Telecommunication Co. Ltd. Royal Media Services Ltd. Palau National Communications Corp. RTS FM SARL Panasonic Avionics Corp. Rural Telecommunications Chile SA Papua New Guinea Air Services Ltd. RuSAt LLC Paratus Telecommunications Ltd. Russian Media Group LLC Pars Telecommunications Inc. S.C. RCS & RDS SA PCCW Global (HK) Ltd. Saba World Offshore SAL Peru, Government of, Ministerio Sagenet LLC Transportes y Comunicaciones Saman Satellite Communication Group Planet Communications Asia Public Co. Santander Teleport SL Ltd. Satcom Direct Inc. Planetcast Media Services Ltd. Satcom Global Ltd. PNG Dataco Ltd. Sat-Com Pty. Ltd. Pop Media Networks LLC Satcom Services Prima Broadcasting Group SRL Satcube AB Producciones Artak 17 CA Satellite Communication Systems Inc. Prolasa SA Satis-Tl-94 Ltd. ProSiebenSat.1 Produktion GmbH Sat-Space Africa Ltd. PSSI Global Services LLC Saudi Telecom Co. PSSI International Teleport LLC Seavsat BV PT Aplikanusa Lintasarta Sentech Ltd. (Is20) PT Telekomunikasi Indonesia Tbk Sentech Soc. Ltd. Public Joint Stock Co. Sertel SA Q-Kon Ltd. Servicio Para el Transporte de Informacion QSAT Communications LLC SA Quantis Global SL Servicio Satelital SA Radio and TV Palestine Today Network for Servicios Audiovisuales Overon SL International Media Ltd. Servicios Informativos Nacionales SRL Radio Panamericana SA SES Americom Radio Television Ivoirienne SES Sistemas Electronicos SA Radio y Television Nicaraguense SA SES Techcom SA Radiodiffusion Television Senegalaise Shepherd's Chapel Rartel SA Showtime Networks Inc. Raytheon Co. Shwe Than Lwin Media Co. Ltd. RCN Televisión SA Sigmasat USA Inc. Rebaur Telecomm Ltd. Signalhorn Trusted Networks GmbH Rebel Radio Network Pty. Ltd. Síminn HF Record Enterprise Television Inc. Singapore Telecommunications Ltd. Regie des Voies Aeriennes Sino Satellite Communications Co. Ltd. Resonate Regional Radio Pty. Ltd. XM Radio Inc. Rignet Inc. SKY Brasil Servicos Ltda. Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 64 of 90

SKY Perfect JSAT Corp. Sure South Atlantic Ltd. (St. Helena) Sky Serviços de Banda Larga Ltda. SVS Telekom AS Sky SNI Operations Ltd. Swaziland Post and Telecommunications Skynet de Colombia SAS ESP Corp. Sky-Stream Fz LLC Switch Inc. AS Sydney Teleport Services Pty. Ltd. Sng Broadcast Services Ltd. Symphony Solutions FZ-LLC Societe D'Amenagement et de Syrian Telecommunications Establishment Developpement Vert Tanzania Broadcasting Corp. Societe de Distribution Exclusive SA Tarasul Telecom Societe Internationale de Tata Communications (Netherlands) BV Telecommunications Aeronautiques TD Satellite Communication System Co. SCRL Ltd. Société Nationale de Développement TELE Greenland A/S Informatique Tele Red Imagen SA Softbank Telearte SA Softbank Corp. Telecinco SA Solomon Telekom Co. Ltd. Telecom Argentina SA Sonatel Telecom Egypt Sonema SA Telecom Italia Sony Pictures Networks India Private Ltd. Telecom Malagasy Sotel (Tchad) Telecom Namibia Ltd. Southern California Telephone Co. Inc. Telecommunicatiebedrijf Suriname Space Systems/Loral LLC Telecommunications Infrastructure Co. Spaceconnection Inc., The Telecuatro Guayaquil CA Spark New Zealand Trading Ltd. Teledata de Mocambique LDA Spectrum RSN LLC Teledeportes Paraguay SA Speedcast Communications Inc. Telefonica Broadcast Services SLU Speedcast Ltd. Telefonica Celular Del Paraguay SAE Speedylite Telefonica Chile SA Spirit Radio Ltd. Telefonica de Espana SA Sportschannel New England LP Telefonica del Peru SAA ST Engineering Idirect (Europe) NV Telefonica Empresas Chile SA Stallion Oilfield Services Ltd. Telefonica International Wholesale Services Starz Entertainment LLC Ii SLU State Security Agency Telefonica SA Stellenbosch University Telefónica Servicios Audiovisuales SAU Stl-Sat Ireland Ltd. Telekom Malaysia Bhd. STN DOO Telematikanet LLC Stratosat Datacom Telemundo Network Group LLC Sun TV Network Ltd. Telemundo of Puerto Rico Inc. Supernet Ltd. (UK) Ltd. Sure (Diego Garcia) Ltd. Telenor Global Services AS Sure South Atlantic Ltd. Telenor Satellite AS Sure South Atlantic Ltd. (Ascension Island) Telesat Canada Sure South Atlantic Ltd. (Falklands Islands) Telespazio SpA Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 65 of 90

Teletel Miami Corp. United States, Government of the, Televideo SAS Department of Defense Televisa SA de CV United Teleports Inc. Television and Network Universal Satcom of Armenia CJSC Universal Television LLC Television Cerro Cora SA Universidad Catolica de Chile Television Nacional de Chile Universidad de Chile Television New Zealand University of California - San Diego Television Oceania Pty. Ltd. University of the South Pacific Telikom PNG Ltd. University of Washington Telkom SA Soc. Ltd. Univision Communications Inc. Telkomserv Corp. Univision Networks & Studios Inc. Telnet Nigeria Ltd. UTV Radio (Roi) Ltd. Telstra Broadcast Services Pty. Ltd. Uzbektelecom JSC Telstra International Ltd. Verizon Communications Inc. Tesam Argentina SA Viacom 18 Media Private Ltd. TGC Inc. Viacom International Inc. TGC LLC Viacom International Media Networks UK Tonga, Government of, Ministry of Lands, Ltd. Survey & Natural Resource Viasat Inc. Top Comunications Estegia CA Viewsat Ltd. Torneos y Compentencias SA Virgin Technologies Inc. Total North Communications Ltd. Viscom AG Towerstream I Inc. Vision Metropolitana SRL Transgrid Vista Satellite Communications (USA) Tres Sistemas de Comunicacion SL Vista Satellite Communications Inc. Tribune Broadcasting Co. LLC Vodafone Global Networks Ltd. Tribune Distribution Co. LLC Vsat Systems LLC Trilogy Networks Inc. V-Satcast Inc. Trinity Christian Center of Santa Ana Inc. Vubiquity Inc. Tri-State Christian TV Inc. W & L Phillips Pty. Ltd. TSAT AS Waicomm Solutions Ltd. Ttcomm SA Walt Disney Co., The Turner Broadcasting System Inc. Wana Corporate SA Turner Entertainment Networks Inc. Ward Inc. TV Azteca SAB de CV Wave Youth Business Ideas SA de CV TV Plus Broadcasting Co. Pty. Ltd. Wavestream Corp. TV Today Network Ltd. Websatmedia Pte. Ltd. TV18 Broadcast Ltd. Wiconnect TV3 Network Services Ltd. Wide Network Solutions Ltd. TV5 Monde SA Wildblue Communications LLC TVBI Co. Ltd. Wireless Innovation Ltd. Uganda Broadcasting Corp. Word Network Operating Co. Inc. Ultisat Europe AS Word of God Fellowship Inc. United Business Machines EG World Vision International United Nations World-Link Communications Inc. Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 66 of 90

X Corp., The X2Nsat Inc. Yemen, Government of, Civil Aviation & Meteorology Authority Zee Entertainment Enterprises Ltd. Zee Media Corp. Ltd. Zeppit SARL Zond Holding Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 67 of 90

Directors/Officers

Bruno Fromont David Mcglade David Tolley Edward Kangas Ellen Pawlikowski Gary Begeman Jacqueline D. Reses Jeffrey Stein Jill Frizzley John Diercksen Jonathan Foster

Justin Bateman Mark Rasmussen Michael DeMarco Michael Foreman Michelle Bryan

Mohsin Meghji Paul Keglevic

Robert Callahan Samer Halawi Stephen Spengler Thomas Ferguson Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 68 of 90

Governmental/Regulatory Agencies

Administration des Contributions Directes Ministerio da Fazenda du Grand-Duché de Luxembourg Montgomery, County of (MD) AFIP Montgomery, County of (PA) Arapahoe, County of (CO), Treasurer Napa, County of (CA), Tax Collector Australian Tax Office New Jersey, State of Broward, County of (FL), Tax Collector New Jersey, State of, Corp. Tax California, State of, Department of Tax and New York, City of (NY), Department of Fee Administration Finance California, State of, Franchise Tax Board New York, State of, Department of Taxation Chef du Bureau de Recouvrement de Dakar & Finance Plateau North Carolina, State of, Department of Chiyoda Metropolitan Tax Office Revenue Colorado, State of, Department of Revenue Recette Centrale Connecticut, State of, Department of Riverside, County of (CA), County Revenue Treasurer Connecticut, State of, Department of Secretaria de Estado de Fazenda Revenue Services Secretaria Municipal de Fazenda Conyers, City of (GA) Tesoreria de La Federacion Coral Gables, City of (FL) United States, Government of the, Federal Dekalb, County of (GA) Communications Commission Dekalb, County of (GA), Tax Commissioner Universal Service Administrative Co. Denver, City of (CO), Treasurer Ventura, County of (CA) Denver, County of (CO), Treasurer Virginia, Commonwealth of, Department of Douglas, County of (NE), Treasurer Taxation Fairfax, County of (VA) Washington, County of (MD), Treasurer's Finanzamt Bad Kissingen Office Georgia, State of, Department of Revenue Washington, D.C., Office of Tax & Revenue Hawaii, State of, State Tax Collector Yokohama, City of (Japan) HM Revenue & Customs Honolulu, City of (HI) Honolulu, County of (HI) Hounslow, London Borough of (United Kingdom) India, Government of, Goods & Services Tax GST India, Government of, Income Tax Department Inspection of Federal Tax Service Moscow No 5 Los Angeles, County of (CA), Tax Collector Loudoun, County of (VA) Maryland, State of, Comptroller of Miami-Dade, County of (FL), Tax Collection Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 69 of 90

Aesir Space Munich Re Allianz SE Munich Re Group Altitude Risk Partners LLP Munich Re Syndicate Ltd. American International Group Inc. Occam Underwriting Ltd. Amtrust Partnerre Ireland Insurance Designated Arti Insurance Experts - Paris Activity Co. Assicurazioni Generali SpA Sanlam Ltd. Assure Space LLC Satec SRL Atrium Insurance Agency Ltd. Sciemus Ltd. Atrium Space Insurance Consortium Scor UK Co. Ltd. AXA Corporate Solutions Assurance SA Sompo Holdings Inc. AXA XL Paris Starr Aviation Agency Inc. AzRe Reinsureance OJSC Starr Indemnity & Liability Co. Inc. Beazley plc Swiss Reinsurance Co. Ltd. Beazley Syndicate Tokio Marine Group Berkshire Hathaway Specialty Insurance Co. Tokio Marine Holdings Inc. Chaucer Insurance Inc. Tokio Marine Kiln Chubb Ltd. United States, Government of the, Ecuador, Government of, Agencia de Department of Homeland Security, Regulacion y Control de las Customs & Border Protection Telecomunicaciones United States, Government of the, Elseco Ltd. Department of the Treasury Factory Mutual Insurance Co. University of Chile Global Aerospace Inc. XL Catlin London Hamilton Re Ltd. XL Specialty Hamilton Syndicate XL Specialty Insurance Hanover Insurance Group Inc., The Zurich Insurance Group AG Hartford Financial Services Group Inc., The Watkins Syndicate HDI Global Insurance Co. Watkins Syndicate HDI Global Specialty SE XL Catlin London Hiscox Ltd. Xl Specialty Hyundai Marine & Fire Group Xl Specialty IPJSC Ingosstrakh XL Specialty Insurance IRB Brazil RE Zurich American Insurance Company Korean Reinsurance Co. La Reunion Spatiale Liberty Mutual Group Lloyd's of London LRS Healthcare MAPFRE Global Risks MAPFRE Insurance Co. Inc. Massachusetts Group Insurance Commission Mitsui & Co. Ltd. Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 70 of 90

Litigation Parties

Auctionomics Inc. Dialog Television (Private) Limited Don Jacobs in his individual capacity Emerging Markets Communications, LLC Gerrys Information Technology (Pvt) Ltd Gilat Telecom Goldfarb & Huck (R. Omar Riojas) International Telecommunications Italo Perreira ITSO Arbitration Jason Andrews Luxspace Marian Joh Maritime Telecommunications Network, Inc. Phillip S. Morales SES Americom, Inc. Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 71 of 90

Other Significant Creditors

Bambi Prigel Susan Goldstein Beednet Group Syrian Telecommunications Establishment CapRock UK, Ltd. Sverige AB Ching Pyng Chang Teleglobe International Ltd. (UK) Comsat International Terry Edwards EADS-Multicoms Triaton GmbH Global Comm. Services -D Elizabeth Ray Tryco International, Inc. - Guinea Bisseau Elizabeth Scheid William English Elsie M Coleman Williams Communication Group Ltd. -G Ethiopian Telecomm. Corporation Flowline Communications Ltd. (G) Francis J P Latapie International Telecomm. & Networks, Inc. Iraq Telecommunications & Post Company James Walter Johnson Jr Jean Paul Berges John Douglas Hampton John Welch Joseph Jankowski JSC Uzbektelecom Khodadad Betaharon Loral Cyberstar (D) Loral Cyberstar GmbH (UK) Martin P Brown Jr Michele Crown Ministère des Transports et des Communications Ministry of Communications (Kuwait) Ministry of Maritime Affairs, Transportation & Comm (Croatia) Ministry of Ptt (Algeria) Ministry of Transport & Comm. (Kgz) M-S Electroteks Limited MultiPoint Communications Ltd. Muslim Television National Transcommunications Ltd. Norman R Williams Orblynx UK Ltd. Outremer Telecom (Martinique) Patricia Ewing Pierre J Madon Prakash Manjunath Nadkarni Primus Telecommunications UK Ltd. Robert W Kinzie Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 72 of 90

Significant Equity Holders

Algeria, Government of, Ministry of PTT Serafina SA Appaloosa LP Slate Path Capital LP Arqiva Ltd. Solus Alternative Asset Management LP Atlas Square Partners LLP State Street Global Advisors Inc. Beednet Group Syrian Telecommunications Establishment Belerion Capital Group Ltd. Tele2 Sverige AB BlackRock Fund Advisors Teleglobe International Ltd. (UK) BT LatAm Inc. Triaton GmbH Canyon Capital Advisors LLC Tryco International Inc. CapRock UK Ltd. UBS Financial Services Inc. Citadel Advisors LLC UZbektelecom JSC Corriente Advisors LLC Vanguard Group Inc., The Croatia, Government of, Ministry of WilTel Communications Group Inc. Maritime Affairs, Transportation & Communications Cyrus Capital Partners LP DE Shaw & Co. LP Dimensional Fund Advisors LP (US) Discovery Capital Management LLC Ethiopian Telecommunications Corp. Franklin Advisers Inc. Global Communication Services Inc. Goldman Sachs & Co. LLC Groupe Outremer Telecom SA Healthcare of Ontario Pension Plan Invesco Advisers Inc. Iraq Telecommunications & Post Co. JM Hartwell LP Key Square Group LP Kuwait, Government of, Ministry of Communications Kyrgyzstan, Government of, Ministry of Transport and Communications Loral Skybet Network Services Inc. MIG Capital LLC Millennium Management LLC MTA International Multicoms SA Multipoint Communications Ltd. Nokota Management LP Orblynx UK Ltd. Pentwater Capital Management LP PointState Capital LP Primus Telecommunications UK Ltd. Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 73 of 90

Top 40 Creditors

Azercosmos Ojsco Celcom (Malaysia) Sdn. Bhd. (167469-A) Colombia Telecomunicaciones S.A. E.S.P. Disney Channel, The Emetel Sociedad Anonima Etisalat Fox Entertainment Group, Inc. Hispasat S.A. International Telecommunications Iraq Telecommunications & Post Company Joseph A. Jankowski Jsat International, Inc. KDDI Corporation Ktsat Lockheed Martin Australia Pty Ltd Mercury Servicos de Telecommunicacoes, Sarl Grupo Ministry Of Maritime Affairs, Transportation & Com Ministry Of Ptt (Algeria) Ministry Of Transport & Comm. (Kgz) New Skies Satellites Optus Satellite Pty Ltd Patricia Ewing Pension Benefit Guaranty Corporation PT Indosat Radio Television Guatemala, S.A. - Canal 3 St Engineering Idirect Telefonica de Argentina S.A. Telenor Satellite Broadcasting As Telespazio The Boeing Company Tim S.A. Tryco International, Inc. - Guinea Bisseau Tysons Corner Office I Llc U.S. Bank National Association Wells Fargo Bank, National Association Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 74 of 90

Office of the U.S. Trustee

B. Webb King John P. Fitzgerald III June E. Turner Kathryn R. Montgomery Kenneth N. Whitehurst, III Peggy T. Flinchum Shannon F. Pecoraro Theresa E. McPherson Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 75 of 90

Committee Members and Professionals

BOK Financial, N.A. Delaware Trust Company FTI Consulting JSAT International, Inc. Milbank LLP Moelis Pension Benefit Guaranty Corporation The Boeing Company Tysons Corner Office I, LLC US Bank, National Association Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 76 of 90

Utilities

Allegheny Power City And County Of Honolulu City Of Fillmore City Of Hagerstown City Of Long Beach City Of Napa Dekalb County Finance Eastern Municipal Water Dist Gas South Georgia Power Hawaiian Electric Company HBI Roll Off, Inc. Heco Infinite Energy Inc. Gas Intermountain Rural Elec Assoc Mxenergy Napa Garbage Napa Sanitation District Pepco Energy Services PG&E Potomac Edison Republic Services Trash Southern California Edison The Gas Co Washington County Treasurer Waste Management Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 77 of 90

Vendors

1Rivet US Inc. Arianespace 5G Action Now Inc. Arthur D. Little Inc. Abbott Building Systems LLC Asco Power Services Inc. ABS Global Ltd. Astel JSC AC & T Co. Inc. SAS Access Intelligence LLC ATEME SA Access Partnership Ltd. Atlantic Technical Sources Inc. Acco Engineered Systems Inc. Australia, Government of, Tax Office Accounting Principals Inc. Av-Comm Pty. Ltd. Achievers LLC AXA Assurance Vie Luxembourg SA Adaptive Insights LLC AXA Life Insurance Singapore Pte. Ltd. ADP LLC Azercosmos OJSco. Advanced Computer Concepts Inc. Azzurro HD LLC Advantech Wireless Baker & McKenzie LLP Aecom Technical Services Inc. Bank of America Corp. AFIP Barbosa Raimundo Gontijo e Camara Africa Mobile Networks Ltd. Advogados AG Franz Associates LLC Barc Inc. Air Power Consultants Inc. BC Partners Inc. Airbus Defence and Space SAS Bcom SA Airtel Congo SA BCPI Inc. Airtel Networks Ltd. BDO Tax & Accounting Airtel Tchad SA Bedford CA Pty. Ltd. Albright Stonebridge Group LLC Belfor Property Restoration Allen Holding Inc. Bell Products Inc. Alliance Executive Search LLC Ben Hill Roofing and Siding Co. Inc. Alliance for Telecommunications Industry Berufsgenossenschaft Energie Textil Elektro Solutions Medienerzeugnisse Alluresoft LLC Best Bridge Group Alpha Trans GmbH BG Solutions LLC Alternative Employment Specialists Bgv V Luxembourg 1 GmbH & Co. KG Altman Vilandrie & Co. Bkr Contracting LLC Amber Road Inc. Black & Veatch Corp. American Arbitration Association Blakeslee Electric Inc. American Express International Inc. Blank Rome LLP American River International Ltd. Bluetext LLC Ameritas Life Insurance Corp. Boeing Co., The Analytical Graphics Inc. Boeing Satellite Systems Inc. Andesat Peru Sac Bolano Anstalt Antek Systems LLC Boston Consulting Group AG Antrix Corp. Ltd. Botswana Radio & TV Aon Consulting Brazil, Government of, Ministerio da Approved Networks Inc. Previdencia Social Argsoft Group LLC Broadpeak Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 78 of 90

Broadridge Investor Communication Convergint Technologies LLC Solutions Inc. Coral Gables Associates Bta Consultants India Pvt. Ltd. Payroll Corporate Visions Inc. Services AC Credit Suisse USA LLC Bts Informa Feiras Eventos E Editora Ltda. CRH Telnet Pty. Ltd. Bundesnetzagenture Critical Components Inc. Business One Consulting Inc. Cross Technologies Inc. Business Training Library Crown Relocations Business Wire Inc. Cullen, Edward T., M.D. Cahill Gordon & Reindel LLP Cummins Inc. California Department of Tax and Fee Cumulus Provident Fund Administration Dancker California, State of, Government Operations Datacom Systems International Ltd. Agency, Franchise Tax Board Datatec Ltd. Callahan, Robert Dataxis Callas Contractors David H. Martin Excavating Inc. Capital Electric & Supply Day 2 Interiors Ltd. Careerbuilder LLC DBM Corp. Inc. CCH Inc. DBS Trustee Ltd., as Trustee of Mapletree Center Point Systems LLC Commercial Trust Central Pacific Tanks Inc. DC Asphalt Services Inc. Centre Commun de La Securite Sociale Dejero Labs Inc. Centrifuge LLC Dekalb, County of (GA) Centurylink Comunicacoes Do Brasil Ltda. Deloitte Consulting LLP Cepolin SA Deloitte Tohmatsu Tax Co Ceres Insights LLC Deloitte Touche Tohmatsu Chef du Bureau de Recouvrement de Dakar Deloitte Transactions and Business Plateau Analytics LLP Chesapeake Mission Critical LLC Dentons US LLP China Starwin Science & Technology Co. Depository Trust & Clearing Corp., The Ltd. Derpart Reiseburo Papendick GmbH Chiswick Park Estate Management Ltd. AG Cigna Health and Life Insurance Co. Deutsches Zentrum fur Luft und Raumfahrt Cigna Healthcare Benefits Inc. eV Cisco Systems Inc. Diercksen, John Collabera Inc. Digitec SA Colt Technology Services GmbH Discovery Health Medical Scheme Comcast Corp. DJ Consulting Services Ltd. Communications & Power Industries Europe Dominion Mechanical Contractors Inc. Ltd. Donnelley Financial LLC Compliance & Ethics Learning Solutions Douglas, County of (NE), Treasurer Comtech Xicom Technology Inc. DTVLA BV Comware Technical Services Inc. Dubai World Trade Centre LLC Condominio do Edificio Praia de Botafogo Duff & Phelps Corp. 440 Dynalectric Co. Config Consultants LLC EAS SL Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 79 of 90

EBC Carpet Services Corp. Fiction Tribe Inc., The Echostar Communications Corp. Finanzamt Bad Kissingen ECI Telecom Inc. First Advantage Background Services Corp. EcoLand Solutions LLC Fortitude International LLC Ecuador, Government of, Foxcom Ltd. Telecommunications Regulatory and Friends Life Control Agency Frontier Communications Corp. Edelman South Africa Pty. Ltd. G&S SatCom GmbH Electro Rent Corp. Gap Wireless Ellsworth Electric Inc. Gateway Global Communications Ltd. Elvinger, Hoss & Prussen Genesys Works National Capital Region eMaint Enterprises LLC Georgia, State of, Department of Revenue Emcor Services Combustioneer Corp. GeoSync Microwave Inc. EMEA Satellite Operator's Association Glassdoor Inc. Emirates Telecommunications Group Co. Global Digital Media Xchange Inc. PJSC GlobeCast France Sas Empresa Argentina de Soluciones Satelitales Globenet Cabos Submarinos America Inc. SA Gogo Brasil Telecomunicacoes Ltda Empressa Nacional de Telecomunicaciones Goldman Sachs Lending Partners LLC SA Goonhilly Earth Station Ltd. EMS Technologies Inc. Grafik Marketing Communications Ltd. Encompass Digital Media (Asia) Pte Ltd. Grant Thornton LLP Encompass Digital Media Inc. Grass Valley USA LLC Ente Nacional de Comunicaciones Grosvenor Place Pty. Ltd. Eo Partners SA Pty. Ltd. Growthpoint Management Services (Pty.) ePlus Technology Inc. Ltd. Equinix Inc. Gsma Ltd. Ernst & Young - Senegal Guatemala, Government of, Ernst & Young LLP Superintendencia de Escritorio Juridico Juristel Inc. Telecomunicaciones ETL Systems Ltd. Guidepoint Security LLC Euroconsult Engineering Consulting Group GuidePost Strategies LLC SA GuideSpark Inc. EUROPE*STAR Gesellschaft für Guya.com.mx SC Satellitenkommunikation mbH Harbor Research Inc. European Broadcasting Union Hart, Peter EuropeStar Hawaii Pacific Teleport LP Everbridge Inc. Hilton McLean Tysons Corner Evertz Microsystems Ltd. Hispasat SA F.M. Pearce Co. Inc. Hitachi Kokusai Electric Comark LLC Fasken Martineau Dumoulin LLP HITT Contracting Inc. FBI Travel Holland & Knight LLP Federal Express Corp. Honeywell International Inc. Federal Express Europe Inc. Honolulu, City of (HI) Federal Reserve Bank of Minneapolis Honolulu, County of (HI) Ferrellgas LP Horizons Satellite Holdings LLC Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 80 of 90

Horizons-3 Satellite LLC Keysight Technologies Inc. Hounslow, London Borough of Kforce Inc. Howard Fischer Associates Inc. Kinolt USA Inc. Huber + Suhner GmbH Koch Bauunternehmung GmbH Hudson Fiber Network Inc. Kongsberg Satellite Services As HUK- COBURG- Krankenversicherung AG Korn Ferry (Us) IBC Convention Office KPMG Auditores Independentes Iccommodate Pty. Ltd. KPMG Inc. Ignitec Inc. Kratos Integral Systems International Inc. Impossible But True Maint LLC Kratos Technology & Training Solutions Impot Sur les Societes Inc. Incheon International Airport Kropmann Konsult Ltd. India, Government of, Goods & Services KVH Industries Inc. Tax L.S. Grim Consulting Engineers Informa Telecoms & Media Group L3 Narda Miteq Informa UK Ltd. Language Line Services Inc. Information Communications Network LLC Lanor International Ltd. Inspection of Federal Tax Service Moscow Latham & Watkins LLP No 5 LeadMD Inc. Integrasys LLC Lebenshilfe WfbM Integrated Solutions Management Inc. Lee Hecht Harrison LLC International Business Consultants Leigh Saxton Green LLP International Business Machines Corp. Les Halles Business Centre International SOS Assistance Inc. Linkedin Corp. International Telecommunication Union LionTree Advisors LLC InterXion Deutschland GmbH Lockheed Martin Australia Pty. Ltd. Intrado Enterprise Collaboration Inc. Lockheed Martin Corp. Ipreo Holdings LLC Los Angeles, County of (CA), Tax Collector Iron Mountain Record Management,Inc. LS telcom Inc. IRT Technologies Inc. Luxembourg, Government of, Revenue ITsavvy Office Ivens Consult Ltda. Lyngsat Projects AB James Chase Solutions Ltd. M. Arthur Gensler Jr. & Associates Inc. Jellyvision Lab Inc. Main Event Caterers LLC Johns Hopkins Healthcare LLC Maringa Passagens E Turismo Ltda. Johnson Controls Fire Protection LP Marketo Inc. Johnson Controls Inc. Maryland, State of, Comptroller Journey Office Builders Inc. Master Servicos e Comercio Ltda. JS Real Estate Multigestao FII - Fund Mathworks Inc., The JSAT International Inc. Matrix Business Solutions Ltd. K4 Mobility LLC Mawasem Ltd. Kangas, Edward Maxair Inc. Ke Nui Construction LLC Mcglade, David Kelly Generator & Equipment Inc. McGrath RentCorp Ken Systems Inc. MCI International Inc. Kenya, Government of, Revenue Authority McLean Lessee LLC Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 81 of 90

Mechantech Inc. Orbital Sciences Corp. Media Links Inc. Ovation Wireless Management LLC Mena Broadband Technologies LLC Pacific Islands Construction LLC Mercer (US) Inc. Pacific Life Insurance Co. Merrill Communications LLC Park Place Technologies LLC Metracom Paul Hastings LLP MetroPower Inc. PCCW Global Inc. Michelmores LLP Peak Communications Ltd. Microsemi Frequency and Time Corp. Pension Benefit Guaranty Corp. Milbank Tweed Hadley & McCloy Piller Germany GmbH & Co. KG Mini-Circuits Laboratories Pillsbury Winthrop LLP Mitsubishi Estate Building Management Co. PJT Partners LP Ltd. Planet Technologies Inc. Montevideo Teleport International SA Portman Travel (Ireland) Ltd. Morgan Stanley Potomac Partners LLC MorganFranklin Consulting LLC Precision Air Conditioning Inc. Morgan-Keller Inc. Price Waterhouse & Co. Asesores de MSB Architects LLC Empresas MTN Nigeria Communications Ltd. Pricewaterhouse Coopers Luxembourg MX1 Inc. Pricewaterhousecoopers GmbH Mycom Software Inc. Pricewaterhousecoopers LLP Nalu Electrical Contractors LLC Pricewaterhousecoopers Pvt. Ltd. Napa Valley Commons Pricewaterhousecoopers SC Napa, County of (CA), Tax Collector Primexis National Association of Broadcasters Priority Building Services LLC National Economic Research Associates Inc. Pritchett Controls Inc. National Service Source Inc. ProComSat Ncwaba Logistics (Pty.) Ltd. Prologis LP Net100 Ltd. Proseris Services LLC Neuco Ltd. Pulse Power & Measurement Inc. New Orleans Marriott Qualtrics LLC New Skies Satellites Quilty Analytics LLC NewCom International Inc. Rabota LLC Noatum Logistics USA LLC Randstad North America Inc. Northern Sky Research LLC Raytheon Co. Northrop Grumman Innovation Systems Inc. RCN Telecom Services LLC Novelsat Ltd. Recall-Ledger Contadores & Consulatores NTT Electronics America Inc. SC Ltda. NYSE Market Inc. Regal Beloit Canada ULC Oec Telecom Ltda. Regus Senegal Ofer Doron Management Services Ltd. Reliance Flag Telecom Ireland Designated Office of State Revenue Activity Co. One Diversified LLC RF-Design Ontario Refrigeration Service Inc. RH Lapp & Sons Inc. Oracle America Inc. Right Management Inc. Orbicom (Pty.) Ltd. Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 82 of 90

Riverside, County of (CA), County Sicotel Communications Treasurer Síminn HF RKF Engineering Solutions LLC Simon Kucher & Partners, Strategy & Robinson & Cole LLP Marketing Consultants LLC Rodriguez, Larrondo & Associates SC Singapore Exhibition Services Pte. Ltd. Rogue Wave Software Inc. Singapore Telecommunications Ltd. Rohde & Schwarz Inc. Singapore, Government of, Inland Revenue Romantis GmbH Authority Rousseau Services LLC Site Seven Media T/A Tower Xchange Royal Bank of Canada Skylink Technology Inc. RRJ Technical Services Inc. Smart Africa Secretariat RSM US LLP Software Technology Parks of India RTS Solutionz Inc. Sojitz Toruist Corp. RuSat LLC Sonepar Deutchland Region Sud GmbH Russelectric Inc. South Africa, Government of, Revenue S&P Capital IQ LLC Services Sage Communications LLC South Korea, Government of, Daejeon Salesforce.com Inc. District Tax Office Sanden High Assurance Solutions LLC Southern California Edison Co. Sandown Travel (Pty.) Ltd. Space Data Association Sangikyo Eos Corp. Space Logistics LLC SAP America Inc. Space News Inc. Sat Corp. Space Systems/Loral LLC Satcom Direct Inc. Spaceflight Industries Inc. Satcube AB Spark New Zealand Trading Ltd. Satellite Engineering Group Specialty Microwave Corp. Satellite Industry Assoc., The Speedcast Australia Pty. Ltd. Satellite Network Inc. Spirent Communications plc Satprof Inc. Stillpoint Capital LLC SatService GmbH STN plc Satstar Ltd. Stoeth, Michael Schneider Communications Storytech Consulting LLC Schneider Electric USA Inc. Successfactors Inc. Schneider Group OOO Sughrue Mion PLLC Secretaria de Estado de Fazenda Sundun Inc. of Washington Secretaria Municipal de Fazenda Sunizo LLC Sectek Inc. SupremeSAT (Pvt.) Ltd. Sed Systems Sure Power Inc. ServiceNow Inc. Switch Inc. SES SA T. Rowe Price Services Inc. SevOne Inc. Tableau Software Inc. Sharaf Travels LLC Tata Communications (America) Inc. Sharp Electronics Corp. Tata Communications (Japan) KK Shentel Communications LLC Tata Communications Canada Ltd. SHI International Corp Technical Interiors Inc. Siama Systems Inc. Tecom Investments Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 83 of 90

TELE Greenland A/S United States, Government of the, Federal Telecom Argentina SA Communications Commission Telecomm Strategies LLP Universitat der Bundeswehr Munchen Telefonica Compras Electronicas Unum Ltd. Telefonica Global Services GmbH US Engineering Co. Telefonica UK Ltd. Usen's Botanical Menagerie Telenor Satellite AS Ventura, County of (CA) Telespazio Brasil SA Verizon Business Global LLC Telkom SA Soc. Ltd. Verizon Communications Inc. Telkom SR Ltda. Vertex Antennentechnik GmbH Teneo Strategy LLC Vertiv Corp. Tessco Inc. Vgem Elfersgayseb Thales Alenia Victoria BC Asseossoria Em Logistica Ltda. Thales Alenia Space Vimn Uk Ltd. Therma LLC Vision Accomplished Inc. Thomson Reuters West (Serengeti) Vision Service Plan Inc. TICRA Fond Vizuall Inc. Tinsky Connect (Pty.) Ltd. Vodacom Group TMF Services (China) Co. Ltd. W.B. Walton Enterprises Inc. Toole's Lawn & Landscape Wach-Und Schliessinstitut Weingaertner Tovey/Shultz Construction Inc. Warner Telecomm Ltd. TR Design Group Inc. West LLC Trace International Inc. Western Pacific Maintenance Trane US Inc. Western Union Business Solutions (UK) Trans World Radio Ltd. Triay Stagnetto Neish Wilmington Trust FSB Trock Media Solutions LLC WISAG Gebaeude und Industrieservice TST Kommunikationstechnik GmbH Hessen GmbH & Co. KG T-Systems Work Microwave GmbH TTP Group Plc Work Microwave Inc. Tysons Corner Office I LLC Workiva Inc. U.S. Bank NA WTD Holdings Inc. UHP Networks Inc. XO Communications LLC United Healthcare Insurance Co. Yancey Power Systems United Rentals Inc. Zeitz Blitzschutzsysteme GmbH United States, Government of the, ZTE Peru Department of the Treasury Zurich International Life Ltd. Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 84 of 90

Schedule 2

Disclosure List Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 85 of 90 s corporate credit cards, banking, and cash operation cash and banking, cards, credit corporate X X X X X X X X X X X X X X X X X ALM Media ALM (AT&T Mobility) (AT&T Bloomberg Finance LP Finance Bloomberg Canada Life Group Insurance Group Life Canada Firm Relationship Firm American Chamber of Commerce of Chamber American Parties In Interest Review Interest In Parties X X X X Current Client Past Client Vendor Professional Services Provider Prof Srvc - Nature of Relationship of Nature - Srvc Prof Provider Services Professional Vendor Client Past Client Current Y Entity P C y S C BYPRNR L X X X X X X X X X X X X X X X X X X L.P. Management, Asset 1832 X LLC PARTNERS ABRY X LLC Partners, ABRY X STAFFING PROFESSIONAL AJILON dba INC PRINCIPALS ACCOUNTING X X X PLC LEE ADDISON STRATEG HIRE dba LLC SEARCH FINANCIAL PROFESSIONAL ADDISON X LLC ADP X X IN SERVICES TECHNICAL AECOM LIMITED X EUROPE AIG X Group AIG CONSULTANTS LEGAL AND ADVOCATES COMPANY & TAMIMI AL X X AlixPartners X LP Holding AllianceBernstein X L.P AllianceBernstein X (U.S.) L.P. X AllianceBernstein, X Compan Insurance Life Allstate X ALM X ASSOCIATION ARBITRATION AMERICAN X SA IN COMMERCE OF CHAMBER AMERICAN INC. EXPRESS, AMERICAN ARAMARK LL Management, Ares X X AT&T X CORP. AT&T X LIMITED PROCESSING DATA AUTOMATIC MCKENZIE & BAKER LYNCH MERRILL AMERICA OF BANK X X N.A. America, of Bank The Scotia, Nova of Bank LLC Barings, Partners BC X INC PARTNERS BC ACCOUNTING & TAX BDO L Management Capital Point Beach LLP BIRD & BIRD VEATCH & BLACK LLP ROME BLANK L.P. BLOOMBERG Markets Capital BMO Paribas BNP L.P. Management, Capital Brigade PC ROONEY & INGERSOLL BUCHANAN BUPA LLP REINDEL & GORDON CAHILL LIFE CANADA LLC Advisors, Capital Canyon SOLUTION OFFICE CAPITOL (USA) INC. BROADCASTING CBS INC CCH LLC DIRECT, CDW Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 86 of 90 Tax Advisory Services Advisory Tax

X X X X X X X X X X X X X X X X X X X X X X X Firm Relationship Firm EMCOR Services Mesa Energy Mesa Services EMCOR Parties In Interest Review Interest In Parties X X X X Current Client Past Client Vendor Professional Services Provider Prof Srvc - Nature of Relationship of Nature - Srvc Prof Provider Services Professional Vendor Client Past Client Current s C Entity C C C IIvsmnsIc X X X X X X X X X X X X X X X X X X X X CENTURYLINK Limited Chubb Inc. Investments CI X Inc. Investments, CI COMPANY INSURANCE LIFE AND HEALTH CIGNA CORPORATION CINTAS INC. SYSTEMS, CISCO CITIBANK Inc. Markets, Global Citigroup X INC SYSTEMS, CITRIX X LLP COHNREZNICK LLC DC INTERNATIONAL COLLIERS GMBH SERVICES TECHNOLOGY COLT COMCAST X Delhi) Advocates (DMD X FAIRFAX OF COUNTY X CLARA SANTA OF COUNTY COMMUNICATIONS COX LLC STAFFING FINANCIAL CREATIVE X X AG Suisse Credit X X LL (USA) Securities Suisse Credit X LLC FIBER CASTLE CROWN X RELOCATIONS CROWN INC CVENT, X X REVENUE AND TAX OF OFFICE DC X TREASURER DC LP MARKETING DELL DELOITTE X LLP CONSULTING DELOITTE America Management Investment Deutsche X VERSORGUNGSZUSCHL AG TELEKOM DEUTSCHE INC EXPRESS DHL CORPORATION DILIGENT LLC DIRECTV, X Communications Discovery LL COMMUNICATIONS DISCOVERY LL COMMUNICATIONS, DISCOVERY ADVOCATES DMD LLC FINANCIAL DONNELLEY LLP WHITNEY & DORSEY SERVICES EMCOR INC EQUINIX IN INSTITUTE RESEARCH ECONOMIC ERI LLP YOUNG & ERNST ETISALAT INC. REACH EXTREME EXXON/MOBIL LLP DUMOULIN MARTINEAU FASKEN FCC CORPORATION EXPRESS FEDERAL INC EUROPE EXPRESS FEDERAL Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 87 of 90 s Legal Advice Legal Advice Legal card credit corporate credit, of letters banking, Banking Cards, Credit Auditor External X X X X X X X X X X X X X X X X X X X X X X X X X Firm Relationship Firm Parties In Interest Review Interest In Parties X X X X X X X X Current Client Past Client Vendor Professional Services Provider Prof Srvc - Nature of Relationship of Nature - Srvc Prof Provider Services Professional Vendor Client Past Client Current C c Entity t C K C A C IHNR ICNR ANEMRX X X X X X X X X X X X X X X X X X LTD PTE SINGAPORE EXPRESS FEDERAL X X MANNHEIMER FITCHNER, FICHTNER, LLP DUNNER & X GARRETT FARABOW HENDERSON FINNEGAN X BOARD TAX FRANCHISE IN ELECTRONICS POWER GE X X LIMITED INTERNATIONAL ASSOCIATES & GENSLER X INC GLASSDOOR LL Co. & Sachs Goldman US Bank Sachs Goldman X LLP GOODMANS INC GOOGLE THORNTON GRANT X LTD GSMA LL Management, Funds Debt Blackstone / GSO LL SECURITY GUIDEPOINT X LLP FREEHILLS SMITH HERBERT LLP FEINSTEIN HERRICK, X INC. CONTRACTING HITT X CUSTOMS & REVENUE HM X LLP INTERNATIONAL LOVELLS HOGAN LLP US LOVELLS HOGAN X X LLP KNIGHT & HOLLAND X INC X INTERNATIONAL HONEYWELL Lokey Houlihan X USA Bank HSBC X NETWORK FIBER HUDSON X CORPORATION IBM X G SOLUTIONS SECURITY ICD LTD UK INFORMA X LLC INFORMATICA X SINGAPORE OF AUTHORITY REVENUE INLAND INC. INMARSAT INC. ASSISTANCE, SOS INTERNATIONAL In Management Secured Senior Invesco Ltd Invesco, IPREO LTD (PTY) SA MOUNTAIN IRON INC AMERICAS JETBRAINS INC. CONTROLS JOHNSON Managemen Asset Morgan JP N.A. Bank, Chase JPMorgan LLP WARREN, & DRYE KELLEY LAW KEYSTONE INC KFORCE CHANG & KIM LLP ELLIS & KIRKLAND INC KNOWBE4 Co & Roberts Kravis Kohlberg (US) FERRY KORN KONG HONG KPMG LLP KPMG Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 88 of 90 Legal Advice Legal X X X X X X X X X X X X X X X X X Firm Relationship Firm Parties In Interest Review Interest In Parties X X X X X X X X X X Current Client Past Client Vendor Professional Services Provider Prof Srvc - Nature of Relationship of Nature - Srvc Prof Provider Services Professional Vendor Client Past Client Current C Y Y Entity C C P Y C V NUTISICX X X X X X X X X X X X X X X X X X X X INC INDUSTRIES KVH X WATKINS & LATHAM X ASSOCIATES LEE & LEE S.p.A Leonardo X LL COMMUNICATIONS, 3 LEVEL LIFE ALLIANZ COMPANY INSURANCE LLC X X X London of Lloyd's Corporation Martin Lockheed COLLECTOR TAX COUNTY ANGELES LOS X X Limited Group Capital MacQuarie NETWORK BASEBALL LEAGUE MAJOR LTD UK MARSH MATHESON LP WORKS CRANE MAXIM X EMER & WILL MCDERMOTT, X INC (US) MERCER X X Lynch Merrill METLIFE MICHELMORES CORPORATION MICROSOFT McCLO & MILBANK,TWEED,HADLEY X X JUSTICE OF MINISTRY X ABOGADOS AMADO & MIRANDA Group Financial UFJ Mitsubishi MIZUHO LLC CONSULTING X MORGANFRANKLIN X LLP FOERSTER & MORRISON X Capital MSD INTEREPARGNE NATIXIS LTD 100 NET X X LLC Berman Neuberger FINANCE OF DEPARTMENT NYC L Management Capital Oaktree LL Investors Credit Octagon REVENUE STATE OF OFFICE LLC DIVERSIFIED ONE LLC ONETRUST INC TEXT OPEN INC AMERICA ORACLE CORPORATION ORACLE LL Company Management Investment Pacific LLP HASTINGS PAUL GARRISON & PAUL,WEISS,RIFKIND,WHARTON INC GLOBAL PCCW LLP WINTHROP PILLSBURY ENERG FIRST dba EDISON POTOMAC COMPANY RAYTHEON Inc. Securities, Dominion RBC INC TECHNOLOGIES RCM LL Management, Capital Redwood LLC US REFINITIV Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 89 of 90 X X X X X X X X X X X X X Inc. Vodafone Limited Vodafone Firm Relationship Firm Schneider Electric Bldg Americas Americas Bldg Electric Schneider Parties In Interest Review Interest In Parties X X X Current Client Past Client Vendor Professional Services Provider Prof Srvc - Nature of Relationship of Nature - Srvc Prof Provider Services Professional Vendor Client Past Client Current Y C Entity P C EOEDAEPRSLCX X X X X X X X X X X X X X X X LLC EXPERTS DBA REMOTE LLP COLE & X ROBINSON X X INC SOFTWARE SAGE X INC. SALESFORCE.COM, X INC. AMERICA SAP X INC USA ELECTRIC SCHNEIDER X COMMISSION EXCHANGE AND SECURITIES X X X X LLP HAMPTON & RICHTER MULLIN SHEPPARD USA IT SHRED X X INC INDUSTRY SIEMENS X LTD HOLDINGS PRESS SINGAPORE LTD TELECOMMUNICATIONS SINGAPORE LLP FLOM & MEAGHER SLATE, ARPS, SKADDEN, X X MAY AND SLAUGHTER X LL Management, Fund Soros X L Management Capital Point Sound X LTD SERVICES SP X X INC SOFTWARE SPECOPS X SPRINT LLC ENTERTAINMENT, STARZ X X MARYLAND OF STATE X JERSEY NEW OF STATE X X X (SSgA) Advisors Global Street State X Bank SunTrust Inc Associates Price Rowe T. X X INC SOFTWARE TABLEAU X COMPANY BOEING THE X X SAINTS LATTER-DAY OF CHRIST JESUS OF CHURCH THE LL (PHILADELPHIA), NETWORK COMCAST THE INC ACCOUNTING) & (TAX REUTERS X THOMSON X (SERENGETI) WEST REUTERS THOMSON Marine Tokio X INC US TRANE Advisor) (Investment Inc. Services, Financial UBS X LLC Securities, UBS OHG CO & INC SERVICE PARCEL UNITED INC RENTALS UNITED COMPAN ADMINISTRATIVE SERVICE UNIVERSAL 14819 DIEGO SAN CALIFORNIA OF UNIVERSITY WASHINGTON OF UNIVERSITY NA Bank, US STATE OF DEPARTMENT US LLP VENABLE BUSINESS VERIZON LLP ELKINS & VINSON PROVIDER SERVICE VODACOM GMBH VERSICHERUNGSDIENST VOLKSWAGEN KATZ & ROZEN LIPTON, WACHTELL, CO. WALGREEN NA Bank, Fargo Wells Case 20-32299-KLP Doc 313 Filed 06/09/20 Entered 06/09/20 23:04:04 Desc Main Document Page 90 of 90 X X Zayo Group UK Limited UK Group Zayo Firm Relationship Firm Parties In Interest Review Interest In Parties X X Current Client Past Client Vendor Professional Services Provider Prof Srvc - Nature of Relationship of Nature - Srvc Prof Provider Services Professional Vendor Client Past Client Current Entity y C IE ENLPXX X X X X X X X X X LIMITED UC WEST LLC Advisors, Whitebox LLP REIN WILEY LLP DORR & HALE PICKERING CUTLER WILMER NA Trust, Wilmington LLP STRAWN & WINSTON IN TECHNOLOGY WIDE WORLD COMMUNICATIONS XO LLC GROUP ZAYO CORPORATION ZOHO PERU CORPORATION ZTE Compan Insurance American Zurich