Document:

exv4w106

EXHIBIT
4.106

LEASE AMENDMENT AGREEMENT

THIS LEASE AMENDMENT AGREEMENT dated the 11th day of August, 2009

BETWEEN:

	 	 	 	SOUTHLAND PARK INC.,

a company incorporated under the laws of the Province of Ontario and registered to
carry on business in the Province of Alberta
	 
	 	 	 	(the “Landlord”)

OF THE FIRST PART

AND

	 	 	 	TELVENT CANADA LTD.,

a company incorporated under the laws of Canada and registered to carry on business
in the Province of Alberta
	 
	 	 	 	(the “Tenant”)

OF THE SECOND PART

WHEREAS:

	A.	 	By a lease dated the 27th day of June, 2007 (the “Lease”), Pensionfund Realty
Limited, predecessor in title to the Landlord, leased to the Tenant for and during a term of 5
years, expiring on the 31st day of July, 2013, certain premises as more
particularly described in the Lease, located at 200, 300 & 400, 10333 Southport Road S.W., in
the City of Calgary, in the Province of Alberta.
	 
	B.	 	Capitalized terms used in this agreement have the same meanings as are respectively ascribed
thereto in the Lease, except as herein otherwise expressly provided.
	 
	C.	 	The parties hereto desire to amend certain provisions of the Lease:

NOW THEREFORE THIS LEASE AMENDMENT AGREEMENT WITNESSES that in consideration of the sum of Ten
Dollars ($10.00) now paid by each party hereto to the other (the receipt and sufficiency whereof is
hereby acknowledged), the parties hereto covenant and agree that the Lease be and the same is
hereby amended effective the 1st day of July, 2009 (the “Effective Date”) as follows:

	1.	 	Item 4. LEASED PREMISES of the Term Sheet is hereby deleted and a new Item 4, LEASED
PREMISES is inserted as follows:
	 
	 	 	“4. LEASED PREMISES
	 
	 	 	August 1, 2008 to June 30, 2009
	 
	 	 	Attached as Schedule A to the Lease is a plan of the Project showing the Leased Premises by
distinguishing outline. The Leased Premises are designated as units 200, 300 & 400.
	 
	 
	 	 	July 1, 2009 to July 31, 2013

[Telvent Legal Seal]

 

 

	 	 	Attached as Schedule AB to the Lease is a plan of the Project showing the Leased
Premises by hatching. The Leased Premises are designated as unit 200, 300 &
400.”*

	2.	 	Item 5. RENTABLE AREA OF LEASED PREMISES of the Term Sheet is hereby deleted and a new Item
5. RENTABLE AREA OF LEASED PREMISES is inserted as follows:
	 
	 	 	“5. RENTABLE AREA OF LEASED PREMISES
	 
	 	 	August 1, 2008 to June 30, 2009
	 
	 	 	132,800 square feet subject to adjustment in accordance with the definition of Rentable
Area and Section 4.08. The Rentable Area of the Leased Premises shall be calculated in
accordance with the BOMA ANSI standards ANSI Z65.1-1980 (re-affirmed 1989), except to the
extent modified by the definition of Rentable Area.
	 
	 	 	July 1, 2009 to July 31, 2013
	 
	 	 	131,708 square feet subject to adjustment in accordance with the definition of Rentable
Area and Section 4.08. The Rentable Area of the Leased Premises shall be calculated in
accordance with the BOMA ANSI standards ANSI Z65.1-1980 (re-affirmed 1989) except to the
extent modified by the definition of Rentable Area.”
	 
	3.	 	Item 8. BASIC RENT of the Term Sheet is hereby deleted and a new Item 8. BASIC RENT is
inserted as follows:
	 
	 	 	“8. BASIC RENT
	 
	 	 	From: August 1, 2008             To: June 30, 2009

Per annum: $2,815,360.00       Per month: $234,613.33
	 
	 	 	calculated at a rate of $21.20 per square foot per annum of the Rentable Area of the Leased
Premises.
	 
	 	 	From: July 1, 2009                  To: July 31, 2013

Per annum: $2,792,209.60       Per month: $232,684.13
	 
	 	 	calculated at a rate of $21.20 per square foot per annum of the Rentable Area of the Leased
Premises.”
	 
	4.	 	SCHEDULE AB, a copy of which is attached hereto, is hereby inserted immediately after
Schedule A.
	 
	5.	 	SECTION II — PARKING of SCHEDULE E ADDITIONAL COVENANTS, AGREEMENTS AND CONDITIONS is hereby
deleted and a new SECTION II — PARKING is inserted as follows:
	 
	 	 	“SECTION 11 — PARKING
	 
	 	 	WHEREAS the Landlord owns and operates a parking facility (the “Parking Facility”) as part
of the Project.

 

			
	*	 	 Schedule AB of this agreement has not been
filed with this agreement. Pursuant to Item 601(b)(2) of Regulation S-K, such
documents are immaterial to an investment decision. A copy of any of these
omitted documents will be furnished to the Commission by Telvent upon the
Commission’s request.

[Telvent Legal Seal]

 

 

	 	 	AND WHEREAS the Tenant wishes to license space in the Parking Facility in connection with
its use and occupation as a tenant of the Leased Premises and the Landlord does hereby
licence to the Tenant the use of certain parking stall(s) in the Parking Facility, subject
to the terms and conditions contained herein.
	 
	 	 	AND WHEREAS the Landlord and the Tenant agree as follows:

	 	 	 
	 

	 	1. GRANT — The Landlord hereby licenses to the Tenant a total of 352 unassigned
parking stalls (individually the “Parking Stall” and collectively the “Parking Stalls”),
either underground or exterior, in the Parking Facility. Final determination of the number
of underground versus exterior spaces shall be agreed upon by both parties.
	 
	 	 
	 

	 	2. LICENSE FEE — The licence fee for the underground parking stalls during the Term
shall be $110.00 per month per parking stall plus GST; and the licence fee for the exterior
parking stalls during the Term shall be $85.00 per month per parking stall (the “Licence
Fee”) due and payable in advance on the first day of each month, commencing on the
1st day of July, 2009. The Licence Fee throughout the Term may, at the
Landlord’s option, from time to time, be adjusted to the then current market rate for
stalls in a like parking facility, similarly located, by the Landlord giving to the Tenant
not less than 30 days’ prior written notice of said adjustment.
	 
	 	 
	 

	 	3. TERMS AND CONDITIONS
	 
	 	 
	 

	 	(a) Upon expiration of the Term or upon default by the Tenant under this Agreement, the
Tenant shall no longer be entitled to the use of the Parking Stalls and shall immediately
return to the Landlord the entry cards provided to it by the Landlord or forfeit the
deposit paid on said entry cards as provided for hereinafter.
	 
	 	 
	 

	 	(b) The Landlord shall not be responsible in any way for any damage or loss whatsoever to
the Tenant’s vehicle(s) or those of its employees or invitees or the contents thereof
howsoever caused, whether due to the negligence of the Landlord, its agents or employees or
not.
	 
	 	 
	 

	 	(c) The Tenant covenants with the Landlord that the Parking Stalls will be used only for the
parking of standard passenger model automobiles and that any automobile parked in a Parking
Stall shall be kept in proper repair so that it will not leak oil or grease and in no event
shall an automobile be parked in a Parking Stall which is leaking gasoline.
	 
	 	 
	 

	 	(d) The Tenant agrees not to store any gasoline or other flammable substances within or on
the Parking Stalls, other than that which is necessary for the normal operation of a motor
vehicle, nor to bring into the Parking Facility any form of propane or natural gas powered
vehicles.
	 
	 	 
	 

	 	e) The Landlord shall have the right to determine within reason the normal operating hours
of the Parking Facility. The Landlord shall have the right to close all or any portion of
the Parking Facility as determined by the Landlord for any maintenance required to the
Parking Facility or during the making of repairs to the Parking Facility. The Licence Fee
for the Parking Stalls shall in no way abate during any period of closure as described
above excepting only if the entire Parking Facility shall remain closed for a period in
excess of 7 days, in which case the Licence Fee shall abate on a pro rata basis for that
portion of the month during which the entire Parking Facility is closed.
	 
	 	 
	 

	 	(f) The Landlord shall operate the Parking Facility using a card entry and exit system. The
Tenant will advise the entry card user to keep and protect the card and will immediately
advise the Landlord if any entry card is lost or stolen. The Landlord will delete the
missing entry card from the computer system and issue a new entry card to

[Telvent Legal Seal]

 

 

	 	 	 
	 

	 	the Tenant upon payment to the Landlord of a deposit of $50.00 (or such other
reasonable amount as determined by the Landlord from time to time) per entry card and the
deposit for the lost or stolen entry card will be forfeited. The Landlord reserves the
right to change the entry and exit system.
	 
	 	 
	 

	 	(g) The Tenant shall not assign this Agreement in whole or in part, nor license or permit
any other person to make use of the Parking Stalls without the Landlord’s prior written
consent, which consent may be arbitrarily withheld.
	 
	 	 
	 

	 	(h) The Tenant releases the Landlord from every claim it has or might have in connection
with this Agreement. The Tenant shall also indemnify the Landlord and save it harmless from
any and all loss, claims, actions, damages, liability and expense in connection with loss
of life, personal injury, damage to property or any other loss or injury whatsoever arising
from or out of this Agreement or occasioned by any act, negligence or omission of the
Tenant, its agents, officers or employees. If the Landlord shall be made a party to any
litigation commenced by or against the Tenant, the Tenant shall protect, indemnify and hold
the Landlord harmless and shall pay all costs, expenses and reasonable legal fees incurred
or paid by the Landlord in connection with such litigation.”

Lease Remains in Force — Except with respect to the amendments contained herein, all other
terms and conditions contained in the Lease shall remain unamended and in full force and effect.

Binding Effect — This agreement shall enure to the benefit of and be binding upon the
successors and assigns of the Landlord and the heirs, executors and administrators and the
permitted successors and assigns of the Tenant.

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

	 	 	 	 	 
	 	LANDLORD:

SOUTHLAND PARK INC

by its agent

MORGUARD INVESTMENTS LIMITED

 	 
	 	By:  	/s/ J. T. Johnston	 
	 	 	Name:  	J. T. Johnston	 
	 	 	Title:  	Authorized Signatory	 
	 
	 	 	 
	 	By:  	/s/ R. J. Borisenko	 
	 	 	Name:  	R. J. Borisenko	 
	 	 	Title:  	Authorized Signatory	 
	 

	 	 	 	 	 
	 	We have authority to bind the corporation
 	 
	  
WITNESS to signature of Tenant 	
TENANT:

TELVENT CANADA LTD.

 	 
	Signature:  /s/ Alesa Allison             
  
      

Print Name:  Alesa Allison 

Address:  93 Sun Canyon Hwy SE Calgary AB

Occupation:  VP of Operation
	By: /s/ Larry Stack

        Name:  Larry Stack 

        Title:  Senior VP
                     
               
            
            
            
            
            
            
            
      
c/s	
 	 
	 	 	 
		By:  	/s/ David Jardine
 	 
	 	 	Name:  	David Jardine 	 
	 	 	Title:  	President
		 	 	 
	 	I/We have authority to bind the corporation 	 	 
	 

[Telvent Legal Seal]exv4w107

EXHIBIT
4.107

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English Translation of Spanish Original

Procedure: I incorporate this agreement into my

Registration Book, Section A, with the number 2510

Madrid on 29 DEC. 2009

CREDIT AGREEMENT FOR ACCOUNT NUMBER [***]

This Credit Agreement is entered into this 29th day of December 2009 before me,
Mr. Fernando Molina Stranz, a Notary Public of Madrid and a member of its Notaries Association,

BY AND AMONG:

	(1)	 	Mr. Fernando Saavedra Obermann and Mr. Luis Miguel Martínez Jurado acting on behalf and on
account of TELVENT USA, INC. (hereinafter the “Borrower”), whose address for the purpose of
notices is in Houston, Texas, United States of America, at Hollister Road 7000 A and with Tax
Identification Number [***];
	 
	(2)	 	Mr. Saavedra Obermann and Mr. Luis Miguel Martínez Jurado acting on behalf and on account of
TELVENT GIT, S.A. (hereinafter the “Guarantor”), whose address for the purpose of notices is
in Alcobendas, Madrid 28108, at Avenida de Valgrande, 6 and with Tax Identification Number
[***];
	 
	(3)	 	Mr. PABLO MELCHIORRE and Ms. MARTA ORTEGA PÉREZ acting on behalf and on account of DEUTSCHE
BANK, SOCIEDAD ANÓNIMA ESPAÑOLA (hereinafter the “Bank”), whose address for the purpose of
notices is in Madrid 28046 at Paseo de la Castellana no. 18 and with Tax Identification Number
[***].

RECITALS

WHEREAS, the Borrower has requested the Bank to grant it a credit line in US DOLLARS and the
Bank has accepted such request. The parties thus enter into this AGREEMENT ON THE OPENING OF A
BUSINESS CREDIT (hereinafter the “Agreement”), which shall be governed in accordance with the
following

TERMS AND CONDITIONS

1.- THE CREDIT: AMOUNT, PURPOSE AND DRAW-DOWN

	A)	 	The Bank hereby grants the Borrower a business credit line, which the latter
accepts (hereinafter the “Credit”), that shall be used to finance general cash needs.
	 
	B)	 	The maximum amount of the Credit granted by the Bank is of EIGHTEEN MILLION US
DOLLARS (hereinafter the “Credit Amount”), which may be drawn down by the Borrower solely
through draw-downs from the current account denominated in US DOLLARS at a variable interest
rate calculated on the basis of the LIBOR.
	 
	C)	 	The Credit Amount may not be exceeded by the Borrower at any time and under no
circumstances. Hence, the Borrower may not effectuate any draw-downs from the Credit for an
amount that, when added to the sums already drown down and pending repayment or redemption,
exceeds said Credit Amount.
	 
	D)	 	During the term of this Agreement and in keeping with the provisions set forth in
paragraphs B) and C) above, the Borrower may effectuate draw-downs from the Credit by any of
the means usually allowed in Banking, which shall be reflected in the current account
number [***] opened for such a purpose at the Bank in the name of the
Borrower (hereinafter the “Credit Account”), which shall be operated like a normal credit
current account.

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1

 

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	 	 	At the start of transactions on today’s date, such account has a balance in favor of
the Borrower amounting to TWENTY-FIVE THOUSAND SEVEN HUNDRED SIXTEEN US DOLLARS AND
SEVENTY-FOUR CENTS (US $25,716.74) according to the settlement made by the Bank, which the
Borrower expressly accepts.
	 
	  E)	 	Any draw-downs made from the Credit by the Borrower pursuant to the provisions set
forth herein shall at all times be conditional upon the fact that none of the causes for
early termination set forth in Clause 11 contained herein has occurred at the moment the
draw-down is made effective.

2.- TERM

	A)	 	The term of this agreement shall initially be for six (6) months, counting from the date it
is entered into.
	 
	 	 	Notwithstanding the foregoing, this Agreement shall be construed to have been extended for
an additional six-month (6) term should neither of the parties give the other written notice
of their wish that such extension not occur before the end of the initial term.
	 
	B)	 	Consequently, this Agreement shall terminate on July 29, 2010 (or, should it be extended, on
December 29, 2010) (hereinafter the “Final Redemption Date”), on which the Borrower shall pay
the Bank any amounts it may owe, along with any commission fees, interest or any items
connected with this Agreement. Should such date turn out to be a holiday, it shall be
construed that all the amounts owed shall have to be paid on the first business day following
such holiday.
	 
	C)	 	For the purposes set forth herein, business days shall be construed as the days considered as
such by the TARGET European payments system (as it is defined in Clause 3 contained herein)
and, for the purpose of payments, those days deemed as such by both the TARGET system as well
as those in Madrid.
	 
	 	 	For the purposes of calculating the settlement of interest or the repayment of principal,
should the last day fall on a holiday, the redemption date shall come about on the next
business day immediately following it.

3.- ORDINARY INTEREST

	A)	 	Any debit balances of the Credit Account shall accrue interest on a daily basis in favor of
the Bank based on a year consisting of three hundred and sixty (360) days.
	 
	 	 	For the purposes of calculating interest, the time running between the date this Agreement
is entered into and the Final Redemption Date shall be deemed to be divided into successive
interest periods lasting one (1) month.

 

 

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	 	 	Any interest accrued shall be paid by the Borrower on a monthly basis based on the
settlement submitted to it by the Bank within the first five (5) days of each month of each
year this Agreement is in force, as well as on the Final Redemption Date or on any other
date on which this Agreement is terminated for any cause or reason whatsoever.
	 
	B)	 	Interest rate that applies: The interest rate that applies to each monthly interest period
shall be the LIBOR (“London Interbank Offered Rate”) (hereinafter the “Reference Rate”)
increased by a differential of one point ninety percentage points (1.90%). “LIBOR” (“London
Interbank Offered Rate”) shall be construed to mean the annual interest rate for Euro deposits
for a term equivalent to the duration of the interest period in question appearing on the
“LIBOR=” or “REUTERS MIBOR “ screen two TARGET business days before and calculated on the
basis of 360 days at approximately 11:00 a.m. Brussels time on the day it is to be calculated
pursuant to the provisions contained herein, along with any taxes, duties or charges that in
the future may be placed on obtaining deposits in the Interbank Market, in addition to the
usual commission fee charged by the financial intermediary and any taxes, duties or charges
placed on such commission fee.
	 
	 	 	“TARGET business days” shall be construed to mean any day on which payments can be
effectuated through the system known as the Trans-European Automated Real-time Gross
Settlement Express Transfer, in other words, every day of the year except Saturdays,
Sundays and any holidays that may be established at any time.
	 
	 	 	Variability of the interest rate: The initial interest rate shall vary automatically on any
day of the interest period, either upwards or downwards, by taking the LIBOR (“London
Interbank Offered Rate”) as a reference in the way set forth hereunder. In any case, the
LIBOR reference rate shall be increased by the percentage points that may have been agreed
upon for such period.
	 
	 	 	The aforementioned upward or downward modification shall come about whenever the arithmetic
mean of the LIBOR interest rate for transactions at one (1) month published either directly
by the European Central Bank or through the Bank of Spain during a period of five TARGET
business days prior to the modification date undergoes a total percentage variation of plus
or minus 0.50 points in regards the prevailing reference rate for this Credit on the
modification date
	 
	 	 	Should the LIBOR interest rates for interbank deposit transactions for the period in
question not be published either directly by the European Central Bank or through the Bank
of Spain, the reference rate shall be obtained in accordance with the same terms set forth
in the preceding paragraph from the LIBOR interest rates for interbank deposit transactions
for the next immediately shorter period that has been published either directly by the
European Central Bank or through the Bank of Spain.
	 
	 	 	The Bank shall give notice of the interest rate thus calculated to the Borrower on the
first business day of each interest period and such rate shall be in force during the
interest period to which it refers. The Borrower hereby waives any deferred application
thereof for the purposes set forth in paragraph 8, Rule 6 of the Bank of Spain Circular
8/1990 of September 7.
	 
	 	 	Taking into account the prevailing LIBOR calculated in the way set forth above, the interest
rate that shall apply to the first monthly interest period commencing on today’s date shall
be two point one hundred thirty-one percentage points (2.131%) corresponding to the
effective annual interest rate (calculated in accordance with the provisions set forth in
Clause 5 hereunder) of two point one hundred fifty-two percentage points (2.152%).

[Bears Notary’s stamp and illegible signature]

2

 

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	C)	 	Replacement interest rate for the LIBOR: Should it turn out to be impossible to
determine the interest rate on the basis of the LIBOR due to it not being published or for
any other reason affecting the interbank market not imputable to the parties, the parties
shall make an effort to find a replacement interest rate to resolve the difficulties of
applying the interest rate initially foreseen herein until circumstances allow the original
interest rate to be used once more, including but not limited to setting an alternative
interest rate or any other possible means. Should the parties be unable to reach agreement
on such replacement interest rate within five business days, the lowest interest rate
offered by the following banks for credit lines having similar conditions as the ones set
forth herein shall apply: BBVA, SCH and Popular Español, increased by a differential of one
point ninety percentage points (1.90%).
	 
	D)	 	The replacement interest rate that may apply in accordance with the preceding rules shall be
in force for solely one month, except should it continue to be impossible to obtain the LIBOR
rate or, should the parties reach a mutual agreement on the replacement interest rate, in
which case it shall be maintained until the LIBOR rate can be obtained or until the parties
reach mutual agreement on a replacement interest rate.
	 
	 	 	The provisions set forth in paragraph B) above shall apply for giving notice of and
applying the replacement interest rate thus calculated.
	 
	 	 	Any amounts owed shall once again accrue interest based on the interest rate set in
accordance with the provisions set forth in paragraph B) as soon as circumstances allow.
	 
	E)	 	The Borrower, in turn, shall inexcusably give notice to the Bank of its acceptance or
rejection of the new interest rate thus set either by telegram, in person or any other means
that can leave behind irrefutable proof of notice being served within twenty calendar days
following the commencement of each interest period.
	 
	F)	 	Should the Borrower give notice to the Bank of its refusal to accept the new interest rate
for any reason whatsoever, this Agreement shall be terminated for all intents and purposes on
the final day of the last interest period accepted. The Credit shall then become due and, as
of such day, the Borrower’s obligations may be required. Notwithstanding the above, the
Borrower shall be entitled to a grace period of one month counting from the date of the
Borrower’s rejection to effectuate the repayment of principal and pay the corresponding
interest, which shall be calculated in keeping with the last interest rate accepted by the
Borrower and in force during the last period preceding termination.

4.- PENALTY INTEREST

The Borrower shall pay the Bank penalty interest on any amounts that have not been paid on the
dates set forth in accordance with the preceding Clauses. Such penalty interest shall accrue as of
the date on which non-payment comes about until the date on which the amounts owed are effectively
paid in full. The penalty interest rate shall result from adding the EONIA interest rate (as
defined in the following paragraph) to an amount similar to the amount owed for a period of one (1)
day with a differential of one hundred and ninety percentage points (1.90%).

 

[Bears Notary’s stamp]

“EONIA” (Euro Overnight Index Average) shall be construed to mean the reference rate of the Euro
Money Market that may result from the agreement in force at any one time under the oversight of the
European Banking Federation and the Financial Markets Association (ACI) (currently, the agreement
sets forth the reference rate on screen 247 of the BRIDGE Telerate system between the 18.45 and the
19.45 hours (Central European Time) for financing with delivery of funds on the same day the rate
is set for one-day Euro deposits.

On days on which it is impossible to determine the EONIA as set forth above, the EONIA
corresponding to the last day in which it could be determined shall apply.

Such interest shall be settled and paid on a monthly basis on the interest settlement date and on
the date the principal on which they accrue is to be paid or, should it be the case, on the date
this Agreement is terminated by the Bank.

For the purposes of the Article 317 of the Code of Commerce, the parties expressly agree that the
Bank may capitalize any unpaid penalty interest that has accrued, which shall in turn accrue new
interest at the penalty interest rate.

The foregoing shall be without prejudice to any liabilities the Borrower may have incurred before
the Bank.

5.- EFFECTIVE ANNUAL INTEREST RATE

For informative purposes, it is hereby indicated that the effective annual interest rates that
applies on the basis of this Agreement shall be calculated in keeping with the formula contained
in Annex V of the Bank of Spain’s Circular 8/1990 of September 7 (published in the Official
Journal of the State [Boletín Oficial del Estado], no. 313 of December 31, 1993 and no. 184 of
August 3, 1994) and notice thereof shall be given by the Bank to the Borrower on the same date
that notice is given of the nominal interest rate that may apply in each case.

6.- PAYMENTS

	A)	 	The Borrower shall deliver to the Bank any amounts it may owe in accordance with this
Agreement at the latter’s Madrid offices located at Paseo de la Castellana number 18. The Bank
shall receive the amounts referred to on the dates they should be received in accordance with
this Agreement without the need for giving any kind of payment notice. In any event, the
Borrower shall pay the Bank the balance of the Credit Account set forth in paragraph D),
Clause 1 contained herein on the Final Redemption Date or on any other date on which this
Agreement is terminated.
	 
	B)	 	Notwithstanding the foregoing, the Borrower shall irrevocably empower the Bank, so that the
latter may, without any kind of limitation whatsoever, offset such payments it is owed by the
former pursuant to this Agreement with any amount belonging to the Borrower which may be in
the Bank’s power for any reason whatsoever, or with any amount that the Bank may owe to the
Borrower for any reason whatsoever. The Borrower shall likewise irrevocably empower the Bank,
so that the latter may effectuate any credit or debit, foreign currency exchange, account
transfer or securities realization transactions and carry out any other actions that may be
necessary or suitable in order to apply the amounts set forth above to such payments.

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3

 

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	C)	 	Any payments the Borrower may make to the Bank shall be imputed as follows, as long as
they are connected with debts that are due: 1st legal costs; 2nd
expenses; 3rd penalties; 4th taxes; 5th commission fees;
6th penalty interest; 7th ordinary interest; and 8th the
Credit’s principal.
	 
	D)	 	Borrower failing to meet its payment obligations when they are due shall give rise to the
accrual of penalty interest, as set forth in Clause 4 above. Furthermore, the Borrower shall
be particularly obliged to compensate any damages it may cause the Bank arising from the
establishment, taking out, renewal or cancellation of third-party deposits as a result of a
breach of the Borrower’s payment obligations. For such a purpose, the Borrower hereby
irrevocably accepts any justified settlement that may be submitted to it by the Bank as of
this moment.

7.- LEGAL CLAIMS

	 	 	As of this moment, the Borrower recognizes the accuracy of the Bank’s book entries and any
settlement made by the Bank in keeping with such entries shall constitute valid evidence in
court, and the amount resulting from such settlement shall be deemed as cash.
	 
	 	 	Any cash amount owed by the Borrower that may be claimed before the courts shall be deemed
to be the amount resulting from closing the current credit account in the Bank’s books. For
the purposes set forth in Article 572 of the Civil Proceedings Law (Ley de Enjuiciamiento
Civil), the parties expressly agree the amount that may be claimed in the event of
enforcement shall be the amount specified in the certificate issued by the bank setting
forth the current credit account’s balance once the relevant settlement has been made. Such
certificate shall state the official intermediation Agent intervening in the Bank’s claim,
that the aforementioned balance coincides with the balance appearing in the special account
and that the settlement was carried out as agreed upon by the parties in the Clauses of
this Agreement. By virtue of this Agreement, the submission of an authorized copy or a
notarial affidavit of this Agreement, along with the certificate issued by the Bank in
accordance with Article 573 of the same Law, as indicated above, shall be sufficient to
exercise the enforcement action.

8.- FORCE MAJEURE AND CHANGE OF CIRCUMSTANCES

	A)	 	Should the Bank find it impossible to maintain the Credit under the terms and conditions
set forth herein due to exceptional causes that cannot be avoided, it may put forward
alternatives to the Borrower which, should they not be accepted by the latter, shall empower
the Bank to terminate this Agreement early. The Borrower shall then be obliged to repay the
Bank any amounts it may owe in accordance with this Agreement within three (3) business days.
	 
	B)	 	Should the Bank undergo an increase of costs, or suffer a reduction of income resulting
from new legislation of any kind or level, or from a new interpretation of existing
legislation, or be subject to a change in banking coefficients during the time this Agreement
is in force, it may initiate a period of negotiations with the Borrower lasting thirty (30)
days in order to adjust the latter’s consideration, so that the Bank may obtain a similar
amount of net income that it would have obtained pursuant to the legislation prevailing at
the moment this agreement was entered into.

 

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	 	 	If no agreement is reached once the thirty-day (30) period has elapsed, the Bank may
terminate this Agreement early and the Borrower shall consequently be obliged to make
repayments under the same terms and conditions as those set forth in paragraph A) above.

9.- TAXES AND EXPENSES

	A)	 	The Borrower shall pay any taxes, duties, fees, charges, stamp taxes, brokerage fees and
costs, whatever they may be, that may now or in the future apply as a result of this
Agreement, be they for the drawing up, entering into or fulfillment thereof, including the
expenses and fees of attorneys and procurators or legal expenses that may be incurred by the
Bank as a result of the Borrower breaching its obligations.
	 
	B)	 	The Borrower shall pay in full all the amounts owed to the Bank as a result of this
Agreement, that it to say, without making any withholdings or deductions of any kind
whatsoever, except where the Borrower is inevitably obliged to make them, in which case the
Borrower shall effectuate such withholdings or deductions but, at the same time, it shall pay
the Bank any amounts that may be necessary, so that the Bank receives a net amount equivalent
to the amount it would have received if the withholding or deduction in question had not come
about. Any withholdings on account for Corporation Tax (Impuesto de Sociedades) the Borrower
may be obliged to effectuate in the future on any payments made to the Bank shall be exempted
from the above.

10.- THE BORROWER’S OTHER OBLIGATIONS

The Borrower shall also be obliged:

	A)	 	Not to dispose of its fixed assets by any means whatsoever without receiving some kind of
equivalent consideration or consideration that can be converted into assets of the same kind
as those disposed of.
	 
	B)	 	Not to segregate or spin off its active companies whose joint value could condition the
normal performance of the Borrower’s corporate purpose in order to attribute them to another
legal person or individual.
	 
	C)	 	Not to constitute, widen or renew upon their expiration or allow that any rights in rem,
attachments, charges or encumbrances of any kind whatsoever be imposed on its assets or rights
in favor of third-party creditors for a joint amount that could condition the normal
performance of the Borrower’s corporate purpose.
	 
	D)	 	To maintain this Credit and the Bank’s rights arising from this Agreement at the same level
and with the same preferences, rights in rem, personal guaranties or guaranties of any other
kind whatsoever as those arising from any other agreement of the same kind, either at present
or in the future, in favor of any other creditor, except for any preferences and guaranties
set up and granted prior to this Agreement, in which case these may not be improved, widened
or renewed further than in the manner and for the term that had already been set forth at the
moment this Agreement was entered into.

[Bears Notary’s stamp and illegible signature]

4

 

[Bears Notary’s stamp]

	E)	 	To send the Bank the balance sheet, the profit and loss account and the report approved by
the General Shareholders’ Meeting, along with the full report drawn up by the external
auditors on an annual basis no later than two hundred ten (210) days after the end of each
tax year.
	 
	F)	 	To likewise submit to the Bank any information the latter may request at any time concerning
the Borrower’s economic state and financial situation, as well as forecasts for both, as long
as the following requirements are simultaneously met:

That there are no kinds of constraints concerning the handover of the information
requested in accordance with the rules governed by the Securities and Exchange
Commission (SEC); and

That any such information is deemed “Confidential Information” and its handover,
use and safekeeping are done pursuant to the provisions set forth in Clause 19
hereunder.

	G)	 	To seek any authorization or permits that may turn out to be necessary at present or in the
future to enter into and fulfill this Agreement, should any be required. In this regard, the
Borrower expressly states that the entering into of this Agreement does not involve any kind
of breach of the provisions set forth in its own bylaws or in any kind of law or regulation,
and that this statement shall be deemed to have been implicitly renewed on each date each
draw-down is requested, except where expressly stated otherwise. Consequently, the Borrower
shall hold the Bank harmless from any liability that may arise, which shall solely be assumed
by the Borrower.
	 
	H)	 	To give the Bank written notice of any change that may have come about to the data, documents
or information supplied to the Bank as a prerequisite for the granting of this Credit, or of
any inaccuracy observed therein, along with the occurrence of any of the circumstances set
forth in Clause 11 hereunder or of a breach of any of the obligations set forth in this
Clause.

Any of the information and documents that the Borrower may have to provide pursuant to this Clause
shall be handed over to the Bank by a duly authorized representative of the Borrower, who shall
sign such documents.

11.- EARLY TERMINATION

	A)	 	The Bank may terminate this Agreement and require repayment of any amounts it may be owed by
the Borrower at such time for principal, interest, commission fees or for any other reason
whatsoever should the Borrower carry out or be affected by any of the following situations:

	 	a)	 	Should the Borrower breach any of the obligations it is obliged to fulfill
pursuant to this Agreement or any other it may have entered into with the Bank.

 

[Bears Notary’s stamp]

	 	b)	 	Should any of the data, documents or information the Borrower has provided to
the Bank and which the Bank has taken into consideration to grant this Credit turn
out to be false or inaccurate.
	 
	 	c)	 	Should the Borrower’s solvency suffer deterioration during the term of this
Agreement, as this Agreement has been entered into taking into consideration the
solvency guaranteed by its share ownership structure and equity situation. Such
solvency shall automatically be deemed to have been reduced should the Borrower: (1)
radically change, wind down or liquidate its company or cease its business activities,
or merge or absorb another company or be absorbed by another company; (2) be declared
bankrupt, except when early termination is not admissible due to such a circumstance,
or if it publicly or openly admits its incapacity to fulfill its obligations at the
times it should do so, or if the company is expropriated or seized or falls under
court-ordered receivership; (3) breach any payment obligations to third parties for an
amount equivalent to or in excess of € 5,000,000 or should any circumstance come
about that would entail a reduction of its solvency; (4) accept the return of any
letters of exchange issued in its name; (5) be subject to the initiation of any
administrative or court proceedings entailing a seizure or enforcement actions
substantially affecting its assets; or (6) should the stake held by the company Telvent
GIT, S.A. in the Borrower’s share capital fall below fifty-one per cent (51%).
	 
	 	d)	 	Should the Borrower breach any of the tax obligations it is subject to in
accordance with this Agreement, be they of a formal nature or regarding payments.

	B)	 	All of the above shall be without prejudice to any rights and actions that the Bank may be
entitled to exercise.

12.- NOTICES

	A)	 	The parties shall give all notices and communications regarding this Agreement in writing, be
it by letter or by fax, and such notices shall be signed by a person holding sufficient powers
of attorney. Nonetheless, in cases of urgency, other means may be used such as the telephone,
by telegraph, telex or any other means. However, such cases shall be confirmed in writing
within the following five (5) business days.
	 
	B)	 	The address of each of the parties to which such notices shall be served are the addresses
that appear on this Agreement’s header, unless a change thereof has come about, at least
fifteen (15) day’s prior notice of which shall be given to the other party.

13.- ASSIGNMENT OF CREDIT AND/OR CONTRACTUAL POSITION

	A)	 	The Borrower may not assign its debt or its contractual position without the Bank’s express
written agreement.
	 
	B)	 	The Bank may wholly or partially assign to any institution, individual or legal person its
credit rights and contractual position in this Agreement, including through sub-participations
thereof or through third parties fully or partially taking on the economic risks arising from
the Credit granted. As regards such assignments, the Bank shall be expressly empowered by the
Borrower to provide the assignees with any information they may require concerning this
Agreement, as well as about the relationships between the Bank and the Borrower arising from
this Agreement.

[Bears Notary’s stamp and illegible signature]

5

 

[Bears Notary’s stamp]

14.- INFORMATION FOR THE BORROWER’S REPRESENTATIVE

Pursuant to Article 5 of Law 15/1999, which governs the right to information in data
gathering, the Borrower’s representative for the execution of this Agreement is hereby informed of
and accepts the incorporation of his personal data and of the data of the company he represents
into the automated files held at the Bank, which shall be kept confidential without prejudice to
any obligatory disclosures thereof.

The aforementioned data is necessary to maintain and fulfill the contractual relationship with the
Borrower, and both the Borrower and its representative may exercise the rights of access,
rectification, cancellation and opposition they are entitled to by writing to the Bank as
indicated herein.

15.- INTERBANK COOPERATION

Should the Borrower hand over or assign to the Bank any collection management or discount
documents under the aegis of this Agreement for payment into the Credit Account, the Borrower shall
from this moment authorize the banking institutions at which the payment of such assigned documents
is to be directly debited to require on its behalf any payments resulting from such documents from
the debtors should such documents fail to be paid. The Borrower shall likewise authorize any of the
aforementioned institutions to provide information to the providers of solvency and credit rating
services concerning the non-payment of the documents thus assigned. The Borrower shall be obliged
to give the Bank immediate and sufficient notice of any subsequent payments of the debt by the
debtors and shall be held liable for any liabilities that may arise from breaching this obligation
and, consequently, the holding of inaccurate data regarding the aforementioned service providers in
the files.

16.- COMMISSION FEES

The Borrower shall pay the Bank the following commission fees:

	 	(i)	 	An opening commission fee of zero percent (0%) calculated on the total
amount of the Credit granted, which shall be settled and debited just once from the
Credit Account on the date this Agreement is entered into and the Borrower shall
authorize the BANK to effectuate such debit from the aforementioned account.
	 
	 	(ii)	 	An availability commission fee of zero percent (0%) to be applied
annually on the average balance not drawn down from the Credit. In any event, such
commission fee shall be settled and debited from the Credit Account on a quarterly
basis once such quarters have come to an end within the five (5) business days
following the quarter that has come to an end.

 

[Bears Notary’s stamp]

17.- GUARANTOR

TELVENT GIT, S.A. shall be the joint and several guarantor of TELVENT USA, INC. before the
Bank and shall guaranty all the obligations undertaken in the preceding document under the same
terms and conditions, expressly waiving, any exclusions of personal, primary and joint liability it
may enjoy and covering each of the obligations thus guarantied, so as to fully constitute such
joint and several liability. Specifically waiving the provisions set forth in Article 1,851 of the
Civil Code, this guaranty shall extend to any extensions, renewals, novations or amendments of any
kind whatsoever, both explicit or implicit, that may be made to the obligations contained herein
and that fall upon the main debtor. Hence, this guaranty shall be deemed to be in force until all
the obligations either directly or indirectly contained herein are extinguished, along with any
that may amend or replace them.

Should an enforcement action be directed against the guarantor, it is expressly agreed upon herein
that, for the purposes set forth in the last paragraph, Article 572.2 of the Civil Proceedings Law
(Ley de Enjuiciamiento Civil), it shall be sufficient for the Bank to prove it has previously
served notice of the debit balance to the address set forth herein and that the formalities set
forth in Clause 7 above have been followed.

18.- COPIES

The first copy of this Agreement requested is a simple copy and the Borrower shall
henceforth irrevocably authorize the Bank so that it may request the issuance of copies thereof –
even should a partial copy be necessary – for enforcement purposes and such a fact shall be noted
down in the issuance note of such copies.

IN WITNESS WHEREOF, the parties to this Agreement have stated their conformity with and approval of
its contents and execute it and set their hands upon eleven pages sequentially numbered from 1 to
11, both included, with my notarial intervention on the date first mentioned above.

19.- CONFIDENTIALITY

The parties shall undertake not to disclose, provide or reveal to third parties any
business, technical, financial or accounting information or information of any other nature they
may provide to each other or which they may have had access to in the performance of this
Agreement that the parties have identified as Confidential Information (hereinafter “Confidential
Information”)

The parties shall likewise undertake to use at least the same means they employ to protect their
own Confidential Information. In any event, the means of protection used by the recipient of
Confidential Information shall be the means that may be reasonably necessary to protect the
confidentiality of the information received and prevent its disclosure.

The parent companies of the parties and the companies belonging to their respective groups under
the terms set forth in Article 4 of the Securities Market Law (Ley del Mercado de Valores) shall
not be construed as third parties for these purposes.

[Bears Notary’s stamp and illegible signature]

6

 

[Bears Notary’s stamp]

Notwithstanding the foregoing, the parties may wholly or partially disclose any information
they may receive should they be required to do so due to a legal, regulatory or jurisdictional
order.

The parties shall duly inform their executives and/or employees and/or subsidiaries and/or parent
companies about the guidelines and instructions they may deem convenient and suitable for the
purposes of keeping such information secret, confidential and restricted.

Any consequences arising from the negligent safekeeping and/or negligent or fraudulent disclosure
of Confidential Information, or of any information ensuing from or as consequence of Confidential
Information, shall be deemed as an action of unfair competition, without prejudice to any
definition such act may have under any laws that may apply, including criminal offenses. All the
Confidential Information shall be the sole ownership of the source that may have produced such
information, unless the parties have reached a prior written agreement otherwise. The performance
of this Agreement shall not grant the recipient of Confidential Information any rights or impose
upon it any obligations other than the ones expressly set forth in this Clause.

Confidential Information shall solely be used by the parties in keeping with the aims of this
Agreement.

Upon this Agreement’s termination or upon receiving a written request during the term of this
Agreement, the recipient party of Confidential Information shall return to the other party all
copies in which such Confidential Information is contained (irrespective of the format such
Confidential Information may be on) or, at its choice, certify in writing through the signature of
a person duly authorized for such purposes that all the aforementioned copies have been destroyed,
apart from any that have to be kept due to legal mandates or to comply with internal back-up
processes. The parties shall undertake to keep the information confidential for one (1) year after
this Agreement’s termination.

20.- GOVERNING LAW:

This Agreement shall be governed by Spanish Law and the parties hereby waive any
jurisdictional privileges they may enjoy, if any. The parties expressly submit themselves to the
Courts of Madrid to resolve any disputes that may arise concerning this Agreement’s validity,
interpretation or fulfillment.

IN WITNESS WHEREOF, the parties to this Attachment to the Agreement have stated their conformity
with and approval of its contents as it is worded herein, and they execute it and set their hand
upon it with my intervention on the date first mentioned above.

And I, the Notary Public, DO HEREBY ATTEST to the identity and capacity of the parties, to the
legitimacy of their signatures and to execution of this Agreement drafted on two pages numbered
sequentially 1 to 2.

 

[Bears Notary’s stamp]

And I, the Notary Public, after having
given the opportune legal warnings, DO
HEREBY ATTEST to the identities of the
parties intervening in this act, to their
signatures and to the fact that, to my mind,
they have the necessary capacity and
legitimacy to execute this document, that
their consent has been freely given, and
that this document’s execution complies with
the Law and is in keeping with the informed
will of those executing and intervening in
it.

THE SIGNATURES OF THE PARTIES APPEARING FOLLOW.

INTERVENED AND STAMPED BY ME, FERNANDO MOLINA STRANZ.

This Agreement consists of
...7... sheets numbered from 1 to ...7..., all of which
are signed and stamped by the intervening NOTARY PUBLIC.

     Telvent USA Inc., duly represented by Mr. Fernando Saavedra
Obermann holder of National ID Card No. [***] and by Mr. Luis Miguel
Martínez Jurado, holder of National ID Card No. [***] by virtue of the
special power of attorney executed before the Notary Public of Houston,
Texas, Mr. Dixie Voss, on December 15, 2009, which duly bears the
appropriate Apostille.

     TELVENT GIT, S.A., duly represented by Mr. Fernando Saavedra Obermann
holder of National ID Card No. [***] and Mr. Luis Miguel Martínez
Jurado holder of National ID Card No. [***] by virtue of the public
instrument executed before the Notary Public of Madrid Mr. Juan
Álvarez-Sala Walther on July 15, 2009 with number 1536 of his protocol
files.

     Deutsche Bank, S.A.E., duly represented by Mr. Pablo Melchiorre holder
of Alien Registration Card No. [***] and Ms. Marta Ortega Pérez holder
of National ID Card No. [***] by virtue of the powers of attorney
granted before the Notary Public of Barcelona Mr. Miguel Alemany Escapa
on March 4, 2009 and September 12, 2007 with numbers 413 and 2906 of
his protocol files respectively.

WITH MY INTERVENTION

     THE NOTARY PUBLIC

7

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