Document:

exv4w1

Exhibit 4.1

APPENDIX TO CREDIT AGREEMENT

(English Translation)

This Appendix is entered into in Madrid this 29th day of June 2010 BY AND AMONG:

(1) Mr. Fernando Saavedra Obermann and Mr. Luis Miguel Martínez Jurado, acting on behalf and on
account of TELVENT USA, INC, whose registered address for the purposes of this Agreement is in
Houston, Texas, United States of America at Hollister Road, 7000 A and with TIN (***) (hereinafter
the “Borrower”).

(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 registered address for the purpose of this
Agreement is in Alcobendas 28108, Madrid, Spain at Avenida de Valgrande 6 and with TIN (***).

AND:

Ms. Marta Ortega Pérez and Mr. Pablo Melchiorre, acting on behalf and on account of DEUTSCHE BANK,
SOCIEDAD ANÓNIMA ESPAÑOLA, whose registered address for the purposes of this Agreement is in Madrid
28046, Spain at Paseo de la Castellana 18 and with TIN (***) (hereinafter the “Bank”).

R E C I T A L S

	I.	 	WHEREAS, the Bank and the Borrower entered into a Commercial Current Account Credit Agreement
for current account no. (***) for a maximum amount of EIGHTEEN MILLION UNITED STATES DOLLARS
($18,000,000 US) whose expiry date was set forth as June 29, 2010 (hereinafter the
“Agreement”);

	II.	 	WHEREAS, the Borrower has requested the Bank for an extension of such Agreement as the final
expiry date for the Agreement was set forth on June 29, 2010, to which the Bank has agreed.
The parties have therefore entered into this Appendix to the Agreement, which shall be
construed as a merely novating amendment of such Agreement and by virtue of which

THE PARTIES DO HEREBY AGREE

	1.- 	 	 To extend the Agreement’s term up to July 29, 2010.

	2.- 	 	 To ratify the full force and effect of the Agreement in all its terms and conditions, in as
much as it has not been expressly amended through this Appendix.

	3.- 	 	 That any taxes and expenses that may arise or become due as a result of executing, making
public and fulfilling this Agreement shall be incurred by the Borrower.

1

 

AND, IN WITNESS WHEREOF, the parties to this Appendix of the Agreement state their conformity and
approval with the contents thereof just as it has been worded and, with my intervention, enter into
it and set their hand on three equally original and authentic copies to be handed over to the
parties, a copy of which will be kept in my records.

	 	 	 	 	 

	Telvent USA, Inc.

	 	Telvent GIT, S.A.,	 	 
	 
	 	 	 	 
	/s/ Fernando Saavedra Obermann
 

Fernando Saavedra Obermann

	 	/s/ Saavedra Oberman
 

Saavedra Oberman
	 	 
	 
	 	 	 	 
	/s/ Luis Miguel Martínez Juardo
 

Luis Miguel Martínez Juardo

	 	/s/ Luis Miguel Martínez Juardo
 

Luis Miguel Martínez Juardo
	 	 
	 
	 	 	 	 
	 
	Deutsche Bank, Sociedad Anómina Española
	 	 	 	 
	 
	 	 	 	 
	/s/ Marta Ortega Pérez
 

Marta Ortega Pérez

	 	 	 	 
	 
	 	 	 	 
	/s/ Pablo Melchiorre
 

Pablo Melchiorre

	 	 	 	 

2exv4w2

Exhibit
4.2

APPENDIX TO CREDIT AGREEMENT

(English Translation)

This Appendix is entered into in Madrid this 29th day of July 2010 BY AND AMONG:

(1) Mr. Fernando Saavedra Obermann and Mr. Francisco Javier Lebrero Burgos, acting on behalf and
on account of TELVENT USA, INC, whose registered address for the purposes of this agreement is in
Houston, Texas, United States of America at Hollister Road, 7000 A and with TIN (***) (hereinafter,
the “Borrower”).

(2) Mr. Saavedra Obermann and Mr. Francisco Javier Lebrero Burgos, acting on behalf and on account
of TELVENT GIT, S.A. (hereinafter the “Guarantor”), whose registered address for the purpose of
this Agreement is in Alcobendas 28108, Madrid, Spain at Avenida de Valgrande 6 and with TIN (***).

AND:

Mr. Hans Peter Ackermann and Mr. José Pablo Melchiorre, acting on behalf and on account of DEUTSCHE

BANK, SOCIEDAD ANÓNIMA ESPAÑOLA, whose registered address for the purposes of this Agreement is in
Madrid 28046, Spain at Paseo de la Castellana 18 and with TIN (***) (hereinafter the “Bank”).

R E C I T A L S

	I.	 	WHEREAS, the Bank and the Borrower entered into a Commercial Current Account Credit Agreement
on 29 December 2009 whose current amount and expiry date were respectively set forth as
EIGHTEEN MILLION UNITED STATES DOLLARS ($18,000,000 US) and July 29, 2010 by virtue of an
Appendix signed by the parties on June 29, 2010 to extend its term (hereinafter the
“Agreement” and its Appendixes shall jointly be referred to as the “Agreement”);

	II.	 	WHEREAS, the Borrower has requested the Bank for an extension of such Agreement as the final
expiry date for the Agreement was set forth on 29 July 2010, to which the Bank has agreed. The
parties have therefore entered into this Appendix to the Agreement, which shall be construed
as a merely novating amendment of such Agreement and by virtue of which

THE PARTIES DO HEREBY AGREE

	1.- 	 	To extend the Agreement’s term up to October 29, 2010.
	 
	2.- 	 	To ratify the full force and effect of the Agreement in all its terms and conditions, in as
much as it has not been expressly amended through this Appendix.
	 
	3.- 	 	That any taxes and expenses that may arise or become due as a result of executing, making
public and fulfilling this Agreement shall be incurred by the Borrower.
	 
	4.- 	 	That the Guarantor has expressly stated its guarantee to have been extended.

1

 

AND, IN WITNESS WHEREOF, the parties to this Appendix of the Agreement state their conformity and
approval with the contents thereof just as it has been worded and, with my intervention, enter into
it and set their hand on three equally original and authentic copies to be handed over to the
parties, a copy of which will be kept in my records.

	 	 	 	 	 

	Telvent USA, Inc.

	 	Telvent GIT, S.A.,	 	 
	 
	 	 	 	 
	/s/ Fernando Saavedra Obermann
 

	 	/s/ Saavedra Oberman
 

	 	 
	Fernando Saavedra Obermann

	 	Saavedra Obermann	 	 
	 
	 	 	 	 
	/s/ Francisco Javier Lebrero Burgos

	 	/s/ Francisco Javier Lebrero Burgos	 	 
	 

	 	 	 	 
	Francisco Javier Lebrero Burgos

	 	Francisco Javier Lebrero Burgos	 	 
	 
	 	 	 	 
	 
	Deutsche Bank, Sociedad Anómina Española
	 	 	 	 
	 
	 	 	 	 
	/s/ Hans Peter Ackermann
	 	 	 	 
	 
	 	 	 	 
	Hans Peter Ackermann
	 	 	 	 
	 
	 	 	 	 
	/s/ José Pablo Melchiorre
	 	 	 	 
	 
	 	 	 	 
	José Pablo Melchiorre
	 	 	 	 

2exv4w3

Table of Contents

Exhibit
4.3

(English
Translation)

NOVATION
AND AMENDMENT 

OF

FACILITIES AND ASSIGNMENT AGREEMENT

TELVENT GIT, S.A.

As the Company

ING BELGIUM S.A. SUCURSAL EN ESPAÑA

CAJA DE AHORROS Y MONTE DE PIEDAD DE MADRID

CAIXA D  ́ESTALVIS I PENSIONS DE BARCELONA

BARCLAYS CAPITAL, THE INVESTMENT BANKING DIVISION OF BARCLAYS BANK PLC

As Bookrunners

ING BELGIUM S.A. SUCURSAL EN ESPAÑA

CAJA DE AHORROS Y MONTE DE PIEDAD DE MADRID

CAIXA D  ́ESTALVIS I PENSIONS DE BARCELONA

BARCLAYS CAPITAL, THE INVESTMENT BANKING DIVISION OF BARCLAYS BANK PLC

THE ROYAL BANK OF SCOTLAND PLC

As Arrangers

THE ENTITIES LISTED IN SCHEDULE 1

As Lenders

ING BANK N.V. LONDON BRANCH

As Agent

and

TELVENT EXPORT, S.L.,

TELVENT TRÁFICO Y TRANSPORTE, S.A.,

TELVENT ENERGÍA, S.A.,

TELVENT GLOBAL SERVICES, S.A.U.,

TELVENT SERVICIOS COMPARTIDOS, S.A.,

TELVENT ENVIRONMENT, S.A.,

TELVENT USA Corporation

TELVENT CANADA, LTD.

TELVENT BRASIL, S.A.

TELVENT MÉXICO, S.A. DE CAPITAL VARIABLE

TELVENT DTN INC.

As Guarantors

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Table of Contents

CONTENTS

	 	 	 	 	 
	Clause	 	Page	 
	1. DEFINITIONS AND INTERPRETATION
	 	 	6	 
	2. THE FACILITIES
	 	 	24	 
	3. PURPOSE
	 	 	25	 
	4. CONDITIONS FOR SIGNING AND LOANS
	 	 	26	 
	5. FACILITY LOAN
	 	 	26	 
	6. REPAYMENT
	 	 	28	 
	7. ILLEGALITY, VOLUNTARY PREPAYMENT AND CANCELLATION
	 	 	29	 
	8. MANDATORY PREPAYMENT
	 	 	30	 
	9. RESTRICTIONS
	 	 	32	 
	10. INTEREST
	 	 	32	 
	11. INTEREST PERIODS
	 	 	33	 
	12. CHANGES TO THE CALCULATION OF INTEREST
	 	 	34	 
	13. FEES
	 	 	35	 
	14. TAX GROSS-UP AND INDEMNITIES
	 	 	35	 
	15. INCREASED COSTS
	 	 	39	 
	16. OTHER INDEMNITIES
	 	 	41	 
	17. MITIGATION BY THE LENDERS
	 	 	42	 
	18. COSTS AND EXPENSES
	 	 	42	 
	19. JOINT AND SEVERAL GUARANTEE
	 	 	43	 
	20. REPRESENTATIONS
	 	 	45	 
	21. INFORMATION UNDERTAKINGS
	 	 	50	 
	22. FINANCIAL COVENANTS
	 	 	52	 
	23. GENERAL UNDERTAKINGS
	 	 	53	 
	24. EVENTS OF DEFAULT
	 	 	57	 
	25. CHANGES TO THE LENDERS
	 	 	60	 
	26. CHANGES TO THE OBLIGORS
	 	 	62	 
	27. ROLE OF THE AGENT AND THE ARRANGER
	 	 	64	 
	28. CONDUCT OF BUSINESS BY THE FINANCE PARTIES
	 	 	69	 
	29. SHARING AMONG THE FINANCE PARTIES
	 	 	70	 
	30. PAYMENT MECHANICS
	 	 	71	 
	31. SET-OFF
	 	 	74	 
	32. NOTICES
	 	 	75	 

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Table of Contents

	 	 	 	 	 
	Clause	 	Page	 
	33. CALCULATIONS AND CERTIFICATES
	 	 	80	 
	34. PARTIAL INVALIDITY
	 	 	81	 
	35. REMEDIES AND WAIVERS
	 	 	81	 
	36. AMENDMENTS AND WAIVERS
	 	 	81	 
	37. GOVERNING LAW
	 	 	84	 
	38. JURISDICTION
	 	 	84	 
	SCHEDULE 1 LENDERS
	 	 	86	 
	SCHEDULE 2 CONDITIONS PRECEDENT
	 	 	87	 
	SCHEDULE 3 LOAN REQUESTS
	 	 	90	 
	SCHEDULE 4 REFINANCED LINES
	 	 	91	 
	SCHEDULE 5 DTN SUBORDINATION TERMS
	 	 	92	 
	SCHEDULE 6 FORM OF ACCESSION LETTER
	 	 	93	 
	SCHEDULE 7 FORM OF RATIO COMPLIANCE CERTIFICATE
	 	 	95	 
	SCHEDULE 8 MATERIAL SUBSIDIARIES
	 	 	98	 
	SCHEDULE 9 CORPORATE RESTRUCTURING STRUCTURE
	 	 	100	 
	SCHEDULE 10 EXISTING FINANCIAL INDEBTEDNESS
	 	 	101	 
	SCHEDULE 11 EXISTING SECURITY
	 	 	103	 
	SCHEDULE 12 FORMS OF LOAN ADHESION AND COMMITMENT INCREASE
DOCUMENTS
	 	 	104	 

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I

PARTIES

	(1)	 	TELVENT GIT, S.A. (with registered office in Alcobendas (Madrid) at Calle Valgrande
6, registered with the Madrid Commercial Registry in Volume 15370, Sheet 164, Page m257879
with tax identification number (CIF) A-82631623) (the “Company”);
	 
	(2)	 	The entities listed in Schedule 1 hereto (Lenders), as Lenders;
	 
	(3)	 	ING BANK N.V. LONDON BRANCH as agent of the other Finance Parties (the “Agent”);
	 
	(4)	 	TELVENT EXPORT, S.L., TELVENT TRÁFICO Y TRANSPORTE, S.A., TELVENT ENERGÍA, S.A.,
TELVENT GLOBAL SERVICES, S.A.U., TELVENT SERVICIOS COMPARTIDOS, S.A., TELVENT ENVIRONMENT,
S.A., TELVENT CANADA, LTD., TELVENT BRASIL, S.A., TELVENT USA CORPORATION, TELVENT MÉXICO,
S.A. DE CAPITAL VARIABLE y TELVENT DTN INC. as guarantors;

II

RECITALS

	 	I.	 	Whereas on September 12, 2008, the Company, Caja de Ahorros y Monte de Piedad de Madrid
and ING Belgium S.A., Sucursal en España subscribed a Original Facility agreement with the
Company with the object, inter alia, of partially financing certain investments (the
“Original Facility”).
	 
	 	II.	 	Whereas on May 21, 2009, the Company, Caja de Ahorros y Monte de Piedad de Madrid, ING
Belgium S.A., Sucursal en España and Caixa d’Estalvis i Pensions de Barcelona (the
“Original Facility Lenders”) subscribed a modifying non-extinctive novation agreement in
respect of the Original Facility, by virtue of which Caixa d’Estalvis i Pensions de
Barcelona, as lender, agreed to partially finance certain additional investments (the
“Original Facility Novation Agreement”).
	 
	 	III.	 	Whereas, through this instrument, the Lenders hereby grant a syndicated financing
agreement the purpose of which will be the cancellation of the entirety of the debt
referred to in Schedule 4 (Refinanced Lines) and the financing of the liquidity needs of
the group to which the Company belongs, all pursuant to the following clauses (the
“Agreement”).

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III

CLAUSES

SECTION 1

INTERPRETATION

1. DEFINITIONS AND INTERPRETATION

1.1 Definitions

In this Agreement:

“Abengoa Facility” means the irrevocable unsecured bilateral revolving credit facility for a
maximum amount of up to sixty million euros (60,000,000,00 €), with a maturity of at least
twenty-four (24) months from the date of this Agreement (or forty-eight (48) months from the
date of this Agreement, when: (i) any Event of Default occurs prior to the completion of the
date completing twenty-four (24) months from the date of this Agreement and such Event of
Default is not cured by said date, or if ii) in a period of six (6) months prior to the
completion of the said twenty-four (24) months from the date of this Agreement any loans are
made under the Abengoa Facility (which shall be evidenced through a certificate issued by
the chief finance officers of both Abengoa, S.A. and the Company)) with a market interest
rate which under no circumstances will exceed nine per cent (9.00%) per annum, to be
subscribed between Abengoa, S.A., as lender, and the Company as borrower.

“Accession Letter” means a document substantially in the form set out in Schedule 6 (Form of
Accession Letter).

“Accounting Principles” means generally accepted accounting principles (GAAP) in the United
States of America as in effect from time to time set forth in the opinions and
pronouncements of the Accounting Principles Board and the American Institute of Certified
Public Accountants and the statements and pronouncements of the Financial Accounting
Standards Board.

“Additional Guarantor” means any Material Subsidiary which, subsequent to the date of this
Agreement, becomes a Guarantor by executing and delivering an Accession Letter to the
satisfaction of the Agent, in accordance with Clause 26 (Changes to the Obligors).

“Annual Financial Statements” means the financial statements for a Financial Year delivered
pursuant to paragraph (a) of Clause 21.1 (Financial statements).

“Arrangers” means significa (i) ING Belgium S.A. Sucursal en España, (ii) Caja de Ahorros y
Monte de Piedad de Madrid, (iii) Caixa D  ́Estalvis i Pensions de Barcelona, (iv) Barclays
Capital, the Investment Banking Division of Barclays Bank PLC, and (v) The Royal Bank of
Scotland PLC.

“Auditors” means one of PricewaterhouseCoopers, Ernst & Young, KPMG or Deloitte & Touche
Tohmatsu (or any amalgamation of the same or their successors) or such other firm approved
in advance by the Majority Lenders.

“Authorization” means an authorization, consent, approval, resolution, license, exemption,
filing, notarization or registration.

“Available Negotiable Title Deeds” means (a) certificates of deposit maturing within three
(3) months after the relevant date of calculation and issued by an Reference Bank; (b) any
finance investment in marketable debt obligations issued or guaranteed by the government of
the United States of America, the United Kingdom, any member state of the European Economic
Area (excluding Iceland) or issued through an establishment, branch or agency of any of them
having an equivalent credit rating, maturing within one (1) year after the relevant date of
calculation and not convertible or exchangeable to any

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other security and which have a credit rating of either AA- or higher by S&P or its
equivalent; or (c) any investment accessible within 30 days in money market funds which have
a credit rating of either A-1 or higher by S&P or Fitch or P-1 or higher by Moody’s and
which invest substantially all their assets in securities of the types described in
paragraphs (a) and (b) above; provided that in each case, a member of the Group is
beneficially entitled at that time and such investment is not issued or guaranteed by any
member of the Group or subject to any security.

“Bookrunners” means (i) ING Belgium S.A. Sucursal en España, (ii) Caja de Ahorros y Monte de
Piedad de Madrid, (iii) Caixa D  ́Estalvis i Pensions de Barcelona, and (iv) Barclays Capital,
the Investment Banking Division of Barclays Bank PLC.

“Break Costs” means the current value of the aggregates of the positive differences between:
(i) the EURIBOR applicable to the Interest Period in which the voluntary prepayment takes
place; and (ii) the interest rate for deposits in euros prevailing two (2) Business Days
before the payment, for deposits with maturity closer to the remaining period of the
Interest Periods, multiplied by the amount prepaid. The differences calculated will be those
corresponding to the number of days remaining until the end of the Interest Period in
question (exclusive) from the time of the payment (inclusive) calculated on the basis of a
year of three hundred sixty (360) days. The resulting amount will be paid by the Company on
a voluntary prepayment date.

“Business Day” means a day (other than a Saturday or Sunday) on which banks are open for
general business in London, Madrid, Barcelona, Amsterdam, New York and (in relation to any
date for payment or purchase of euros) any TARGET Day.

“Business Plan” means the 2010-2015 business plan of the Company delivered by the Company to
the Agent prior to the date hereof.

“Cash” means, at any time, cash in hand or at bank and (in the latter case) credited to an
account in the name of any entity of the Group in a financial institution which said entity
may access when such cash is deemed to be “cash and cash equivalents” in the consolidated
financial statements of the Group, and not to be “restricted cash”.

“Certifying Officer” means any of two directors, the chief executive officer or the chief
financial officer of the Company.

“Change of Control” means a situation under which any person or group of persons (different
to Abengoa, S.A.) acting individually or in concert gains “Control” over the Company. For
purposes of this definition, “Control” shall have the meaning set forth in section 42 of the
Spanish Civil Code.

“Commitment” means a Facility A Commitment or Facility B Commitment.

“Corporate Restructuring” means the corporate restructuring of the Spanish and North
American Subsidiaries of the Company projected to be implemented shortly, as disclosed by
the Company to the Finance Parties in the terms described in Schedule 9 (Corporate
Restructuring Structure), and mainly, according to the Company, for the effects set forth in
paragraphs (a) and (b) below:

(a) in relation to the restructuring of the North American Subsidiaries:

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	 	(i)	 	to establish a legal structure which might consolidate Telvent’s North
American business under one single legal entity, for legal, tax and financial
information obligation compliance reasons;
	 
	 	(ii)	 	to provide the fiscally efficient consolidation of Telvent’s North
American legal entities for financial information purposes;
	 
	 	(iii)	 	to improve the repatriation of earnings, reducing its tax cost;
	 
	 	(iv)	 	to provide a liquidation of the North American entities not subject to
taxation in order to foster consolidation between entities;
	 
	 	(v)	 	to simplify the structure and account operations of Telvent;
	 
	 	(vi)	 	to reduce administrative, management and labor costs; and
	 
	 	(vii)	 	to simplify the current business structure.

(b) in relation to the restructuring of the Spanish subsidiaries:

	 	(i)	 	to simplify and rationalize the business structure of the “Global
Services” vertical business segment in Spain;
	 
	 	(ii)	 	to reduce administrative, management and labor costs;
	 
	 	(iii)	 	to simplify commercial and tax obligations;
	 
	 	(iv)	 	to centralize the planning and decision-taking of the vertical business segment;
	 
	 	(v)	 	to improve commercial, administrative and negotiation capacity with
third parties; and
	 
	 	(vi)	 	to encourage the external unitary perception of the vertical business
segment vis-à-vis third parties.

“Cover Agreement” means those agreements subscribed pursuant to the Hedging Structure Letter
in pari passu conditions in respect of the obligations arising from this Agreement.

“Coverage of the Guarantors” means turnover, EBITDA and gross assets (excluding
Non-Recourse Assets) of the Company and of the Guarantors representing at least eighty-five
per cent (85%) of the turnover, EBITDA and gross assets of the Group (excluding Non-Recourse
Assets).

“Default Interest” means the same as in Clause 10.3 (Default Interest).

“Defaulting Lender” means any Lender:

	 	(a)	 	which has failed to make its Commitment in a Facility available or has
notified the Agent that it will not make its Commitment in a Loan available by the Loan
date of that Facility in accordance with Clause 5.4 (Lenders’ participation);
	 
	 	(b)	 	with respect to which an Insolvency Event has occurred and is continuing,
unless, in the case of paragraph (a) above:

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	 	(i)	 	its failure to pay is caused by:

	 	(A)	 	administrative or technical error; or
	 
	 	(B)	 	a Disruption Event; and

	 	 	 	payment is made within five Business Days of its due date; or
	 
	 	(ii)	 	the Lender is disputing in good faith whether it is contractually
obliged to make the payment in question.

“Disposal” means a sale, lease, license, transfer, loan or other disposal by a person of any
asset (including, but not limited to, shares), whether by a voluntary or involuntary single
transaction or series of transactions.

“Disruption Event” means either or both of:

	 	(a)	 	a material disruption to those payment or communications systems or to those
financial markets which are, in each case, required to operate in order for payments to
be made in connection with this Agreement (or otherwise in order for the transactions
contemplated by the Finance Documents to be carried out) which disruption is not caused
by, and is beyond the control of, any Party; or
	 
	 	(b)	 	the occurrence of any other event which results in a disruption (of a
technical or systems-related nature) to the treasury or payments operations of a Party
preventing that, or any other Party:

	 	(i)	 	from performing its payment obligations under the Finance Documents;
or
	 
	 	(ii)	 	from communicating with other Parties in accordance with the terms
of the Finance Documents,

	 	 	 	and which (in either such case)) is not caused by, and is beyond the control of, the
Party whose operations are disrupted.

“DTN” means Telvent DTN Inc. a corporation duly incorporated under the laws of the State of
Delaware.

“EBITDA” means the gross positive or negative operating results before interest, tax,
depreciation and amortization and, for the purpose of compliance with Clause 22 (Financial
Covenants), the deduction of EBITDA corresponding to Non-Recourse Assets included in the
applicable Financial Statements.

“Environmental Law” means any applicable law or regulation which relates to:

	 	(a)	 	the pollution or protection of the environment;
	 
	 	(b)	 	any emission or substance capable of causing harm to any living organism or
the environment;

“EURIBOR” means, in relation to any Loan:

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	 	(a)	 	the applicable Screen Rate; or
	 
	 	(b)	 	(if no Screen Rate is available for the Interest Period of that Loan) the
arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to
the Agent at its request quoted by the Reference Banks to leading banks in the European
interbank market,

as of no later than 11:00 a.m. (London time) on the Quotation Day for the offering of
deposits in euro for a period comparable to the Interest Period of the relevant Loan.

“Event of Default” means any event or circumstance specified as such in Clause 24 (Events of
Default).

“Existing Financial Indebtedness” means the Financial Indebtedness of the companies of the
Group existing as of the date hereof, which is listed in Schedule 10 (Existing Financial
Indebtedness).

“Existing Security” means the Security granted by the Companies of the Group existing as on
the date of signature of this Agreement, as listed in Schedule 11 (Existing Security).

“Facility” means Facility A and/or Facility B, accordingly.

“Facility A” means the euro denominated fixed-term loan facility made available under this
Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

“Facility A Commitment” means:

	 	(a)	 	in relation to an Original Lender, the amount in euros set opposite its name
under the heading “Facility A Commitment” in Schedule 1 (Lenders) and the amount of any
other Facility A Commitment transferred to it under this Agreement, after deducting any
amounts from transfers made to the benefit of third-party companies and any
amortizations; and
	 
	 	(b)	 	in relation to any other Lender, the amount in euros of any Facility A
Commitment transferred to it under this Agreement,
	 
	 	 	 	in both cases, increased or decreased by any amounts from transfers made by or to
the benefit of third-party companies and any amortizations.

“Facility A Loan” means a Loan made under Facility A, pursuant to Clause 5 (Utilization –
Loans).

“Facility A Loan Period” means the period running from the date of this Agreement to sixty
(60) calendar days after such date, both inclusive.

“Facility B” means the euro denominated revolving loan facility made available under this
Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

“Facility B Commitment” means:

	 	(a)	 	in relation to a Lender, the amount in euros set opposite its name under the
heading “Facility B Commitment” in Schedule 1 (Lenders), after deducting any amounts
from transfers made to the benefit of third-party companies and any cancellations; and

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	 	(b)	 	in relation to any other Lender, the amount in euros of any Facility B
Commitment transferred to it under this Agreement,
	 
	 	 	 	in both cases, increased or decreased by any amounts from transfers made by or to
the benefit of third-party companies and any cancellations, respectively.

“Facility B Loan” means a Loan made under Facility B, pursuant to Clause 5 (Utilization –
Loans).

“Facility B Loan Period” means the period running from the date of this Agreement to the
date one (1) Month prior to the Maturity Date, both inclusive, on which date the amounts not
utilized will be cancelled in their entirety.

“Facility Office” means:

	 	(a)	 	in respect of a Lender, the office or offices notified by that Lender to the
Agent in writing on (or before) the date it becomes a Lender (or, following that date,
by not less than five (5) Business Days’ written notice) as the office or offices
through which it will perform its obligations under this Agreement; or
	 
	 	(b)	 	in respect of any other Finance Party, the office in the jurisdiction in
which it is resident for tax purposes.

“Fee Letter” means any letter or letters dated on or about the date of this Agreement
setting out fees payable to a Finance Party in relation to this Agreement or any other
Finance Document, including but not limited to any agency fees, commitment fees, structuring
fees, etc.

“Finance Document” means this Agreement, any Assignment Agreement, any Fee Letter,
Structuring and Syndication Letters, the Hedging Structure Letter, any utilization request,
and any other document designated as a “Finance Document” by the Agent and the Company.

“Finance Lease” means any lease, hire purchase or sale and lease-back that is defined as a
finance or capital lease in accordance with Accounting Principles.

“Finance Party” means the Agent, the Bookrunners, the Arrangers, each Lender and the
entities which are parties to the Cover Agreements.

“Financial Indebtedness” means, at any time, the consolidated outstanding principal, capital
or nominal amount (and any fixed or minimum premium payable on prepayment or redemption) of
any indebtedness of the Group in respect of:

	 	(a)	 	long-term debt (over a year) incurred from banks or financial institutions,
plus short-term debt (less than a year) also incurred from banks or financial
institutions;
	 
	 	(b)	 	any amount outstanding under any credit facility;
	 
	 	(c)	 	any amount arising from the issuing of securities, promissory notes,
acknowledgement of debt or similar instruments;
	 
	 	(d)	 	any Finance Lease;
	 
	 	(e)	 	factoring/forfeiting and reverse factoring programs, unless performed on a
non-recourse basis;

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	 	(f)	 	deferred payments for acquisitions or a similar transactions which include an
implied or explicit interest charge in the terms (without double counting); and
	 
	 	(g)	 	bonds arising from counter-guarantees issued in respect of third-party bond
guarantees and any counter-guarantee in respect of bonds, standby or documentary letter
of credit or any other instrument issued by a bank or financial institution other than
bonds related to projects (bid bond, performance, retention, etc.) which are not
considered as indebtedness.

“Financial Statements” shall mean Annual Financial Statements and Quarterly Financial
Statements.

“Financial Year” means the annual accounting period of the Group ending 31 December in each
year.

“Group” means the group of companies in respect of which the Company has control and
regarding which it must prepare its Financial Statements, pursuant to Accounting Principles
and section 42 of the Spanish Commercial Code, and, including each of the Company’s
Subsidiaries for the time being.

“Guarantors” means the Material Subsidiaries of the Company which, from time to time,
guarantee any payment obligation under the Finance Documents (in the broadest sense as
permitted by applicable legal regulations).

“Hedging Structure Letter” means the letter signed on the date of signature of this
Agreement setting forth the hedging strategy of the Company (to cover at least 80% of
Facility A) in form and substance satisfactory to the Arrangers, who will have preference to
grant the Hedging Agreements.

“Impaired Agent” means the Agent (in the event the Agent is a Lender under this Agreement)
at any time when:

	 	(a)	 	it has failed to make (or has notified a Party that it will not make) a
payment required to be made by it under the Finance Documents by the due date for
payment;
	 
	 	(b)	 	the Agent otherwise rescinds or repudiates a Finance Document;
	 
	 	(c)	 	(if the Agent is also a Lender) it is a Defaulting Lender under paragraph
(a) or (b) of the definition of “Defaulting Lender”; or
	 
	 	(d) 	 	an Insolvency Event has occurred and is continuing with respect to the Agent,

unless, in the case of paragraph (a) above:

	 	(i)	 	its failure to pay is caused by:

	 	(A)	 	administrative or technical error; or
	 
	 	(B)	 	a Disruption Event; and

	 	 	 	payment is made within five Business Days of its due date; or

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	 	(ii)	 	the Agent is disputing in good faith whether it is contractually
obliged to make the payment in question.

“Insolvency Event” in relation to a Finance Party means that the Finance Party:

	 	(a)	 	is dissolved (other than pursuant to a reorganization, restructuring or merger);
	 
	 	(b)	 	becomes insolvent or is unable to pay its debts or fails or admits in
writing its inability generally to pay its debts as they become due;
	 
	 	(c)	 	makes a general assignment, arrangement or composition with or for the
benefit of its creditors;
	 
	 	(d)	 	institutes or has instituted against it, by a regulator, supervisor or any
similar official with insolvency or regulatory jurisdiction over it in the jurisdiction
of its incorporation or organization or the jurisdiction of its head or home office, a
proceeding seeking a declaration of insolvency or bankruptcy or any other relief under
any bankruptcy or insolvency law or other similar law affecting creditors’ rights, or a
petition is presented for its winding-up or liquidation by it or such regulator,
supervisor or similar official;
	 
	 	(e)	 	has instituted against it a proceeding seeking a declaration of insolvency
or bankruptcy or any other relief under any bankruptcy or insolvency law or other
similar law affecting creditors’ rights, or a petition is presented for its winding-up
or liquidation, and, in the case of any such proceeding or petition instituted or filed
against it, such proceeding or petition is instituted or filed by a person or entity
not described in paragraph (d) above and:

	 	(i)	 	results in a declaration of insolvency or bankruptcy or an order for
its winding-up or liquidation; or
	 
	 	(ii)	 	the proceeding or petition is not dismissed by the competent
Authorities within a period of thirty (30) days from its filing;

	 	(f)	 	has a company or similar resolution passed for its winding-up, official
management or liquidation (other than pursuant to a reorganization, restructuring or
merger);
	 
	 	(g)	 	seeks or becomes subject to, or substantially all of its assets become
subject to, the appointment of an administrator, provisional liquidator, custodian or
other similar official;
	 
	 	(h)	 	has a secured party take possession of all or substantially all its assets
or has an interim injunction, guarantee enforcement or similar measure imposed on or
all or substantially all its assets and such secured party maintains possession, or any
such procedure is not dismissed by the competent Authorities, in each case, within a
period of thirty (30) days;
	 
	 	(i)	 	causes or is subject to any event with respect to it which, under the
applicable laws of any jurisdiction, has an analogous effect to any of the events
specified in paragraphs (a) to (h) above; or

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	 	(j)	 	takes any action in furtherance of, or indicating its consent to, approval
of, or acquiescence in, any of the foregoing acts.

“Intellectual Property” means:

	 	(a)	 	any patents, trademarks, designs, business names, copyrights, design rights,
inventions, confidential information, knowhow and other intellectual property rights
and interests, whether registered or unregistered; and
	 
	 	(b)	 	the benefit of all applications and rights to use such assets of each member
of the Group.

“Interest Cover Ratio” means the ratio of (a) EBITDA, to (b) Net Interest.

“Interest Period” means, in relation to the Facility, each period determined in accordance
with Clause 11 (Interest Periods) and, in relation to the Default Interest, each period
determined in accordance with Clause 10.3 (Default interest).

“Joint Venture” means any consortium or any other form of business partnership of a similar
nature imposed by any client or potential client of a Group company or by any terms and
conditions attached to any transaction entered into by any Group company in the ordinary
course of its business.

“Legal Reservations” means:

	 	(a)	 	the principle that remedies may be granted or refused at the discretion of a
court and the limitation of enforcement by laws relating to insolvency, bankruptcy,
reorganization and other laws generally affecting the rights of creditors;
	 
	 	(b)	 	the possibility that an undertaking to assume liability for or indemnify a
person against non-payment of taxes, as well as compensation or recovery agreements
relating thereto may be voided; or
	 
	 	(c)	 	any other matters which are set out as qualifications or reservations as to
matters of law of general application in the legal opinions to be issued to such end to
the satisfaction of the majority Finance Parties.

“Lender” means:

	 	(a)	 	any of the financial institutions and other entities listed in Schedule 1 (Lenders); and
	 
	 	(b)	 	any bank, financial institution, fund or other entity which has become a
Party in accordance with Clause 25 (Changes to the Lenders),

which in each case has not ceased to be a Party in accordance with the terms of this
Agreement.

“Leverage Ratio” means, for the corresponding period, the ratio of (a) Net Financial Debt,
to (b) EBITDA.

“Liquid Assets” means, at any time, Cash credited to an account in the name of a member of
the Group with a financial institution and to which a member of the Group is alone
beneficially entitled and for so long as that cash is included in the Group

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company’s Financial Statements as “cash and cash equivalents”, which is not considered as
restricted cash.

“Loan” refers to making of a disbursement under the Facility.

“Loan Date” refers to the date on which the Loan was made.

“Loan Requests” refers to a notification in terms substantially similar to those set forth
in Schedule 3 (Loan Requests).

“Majority Lenders” means a Lender or Lenders whose Commitments aggregate more than two
thirds (2/3) of the Total Commitments (or, if the Total Commitments have been reduced to zero,
aggregated more than two thirds (2/3) of the Total Commitments immediately prior to that
reduction).

“Margin” shall mean (a) during the period commencing on the date of this Agreement and
ending on the date falling 12 months after the date of this Agreement (both inclusive), a
rate equal to three per cent (3.00%) per annum, (b) thereafter, the Margin will be
determined annually pursuant to the Leverage Ratio determined on the basis of the Annual
Financial Statements delivered to the Agent together with the relevant Ratio Compliance
Certificate, in accordance with the table below:

	 	 	 	 	 
	Leverage Ratio	 	Margin	 
	Greater than or equal to 2.5x to 1
	 	 	3.00	%
	Less than 2.5x to 1 and equal to or greater than 2.0x to 1
	 	 	2.50	%
	Less than 2.0x to 1 and equal to or greater than 1.5x to 1
	 	 	2.25	%
	Less than 1.5x to 1
	 	 	2.00	%

Changes in the Margin resulting from a change in the Leverage Ratio on the last day
of any subsequent Financial Quarter shall become effective as of the Interest Period
commencing subsequent to the delivery of the respective Ratio Compliance Certificate.

Should the Company fail to deliver the corresponding Ratio Compliance Certificate with the
periods applicable, the Margin will mean the highest Margin possible established in this
definition.

“Market Disruption Event” means the same as in Clause 12.2 (Market Disruption).

“Material Adverse Effect” Means an event that results in, or could reasonably be expected to
result in, a material adverse effect on:

	 	1.	 	The ability of the Obligors to perform their obligations under the Finance
Documents;
	 
	 	2.	 	The validity or enforceability of the Finance Documents; or
	 
	 	3.	 	The financial condition and prospects, material business and operations,
material transactions and commercial activities, or material assets of the Group as a
whole (excluding Non-Recourse Assets), provided that such material adverse effect could
not allow the Obligors to comply with their obligations under the Finance Documents.

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For further avoidance of doubt, Material Adverse Effect is subject to any applicable cure
periods specified within the relevant provisions where this qualification is used.

“Material Subsidiary” for the effects of calculating the Coverage of the Guarantors, this
means any member of the Group that represents, according to the most recent Financial
Statement, more than five per cent (5%) of the turnover, EBITDA and gross assets (excluding
Non-Recourse Assets) of the Group. The mentioned percentage shall be automatically reduced
at any time if the total turnover, EBITDA and gross assets (excluding Non-Recourse Assets)
of the Guarantors does not represent eighty-five per cent (85%) of Group  ́s turnover, EBITDA
and gross assets (excluding Non-Recourse Assets) until the Guarantors together with the
Company represent such percentage. For purposes of these calculations, intercompany elements
between Obligors shall not be accounted for. As of the date of this Agreement, the Material
Subsidiaries of the Company are those set forth in Schedule 8 (Material Subsidiaries).

“Maturity Date” is March 23, 2014.

“Month” means a period starting on one day in a calendar month and ending on the numerically
corresponding day in the next calendar month, except that:

	 	(a)	 	(subject to paragraph (c) below) if the numerically corresponding day is not
a Business Day, that period shall end on the next Business Day in that calendar month
in which that period is to end if there is one, or if there is not, on the immediately
preceding Business Day;
	 
	 	(b)	 	if there is no numerically corresponding day in the calendar month in which
that period is to end, that period shall end on the last Business Day in that calendar
month; and
	 
	 	(c)	 	if an Interest Period begins on the last Business Day of a calendar month,
that Interest Period shall end on the last Business Day in the calendar month in which
that Interest Period is to end.

The above rules will only apply to the last Month of any period. “Monthly” shall be
construed accordingly.

“Net Financial Debt” Financial Indebtedness excluding, for the purpose of compliance with
Clause 22 (Financial Covenants) all amounts indicated on the consolidated Financial
Statements as owed by any Non-Recourse Asset; minus Liquid Assets and Available Negotiable
Title Deeds excluding, for the purpose of compliance with Clause 22 (Financial Covenants),
all amounts indicated on the consolidated Financial Statements as held as Liquid Assets and
Available Negotiable Title Deeds by any Non-Recourse Asset.

“Net Interest” means, in line with the income statement and with regard to the Company’s
consolidated Financial Statements, for each calculation period: (a) the aggregate amount of
all interest, fees, expenses and financial payments, other than principal, accrued or
incurred by any Group company under any of their debts or obligations, less (b) the
aggregate amount of all income derived from interest, fees, expenses and other financial
amounts accrued or received by any Group company. Both (a) and (b) exclude the items
corresponding to Non-Recourse Assets included in said consolidated Financial Statements, as
well as fees relating to guarantees and bonds for

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performance connected to projects (such as bonds for bids, enforcement and retention, etc.)
which will not be considered Financial Indebtedness.

“Non-Recourse Assets” means a current or future member of the Group having a specific
purpose and non-recourse financing to the Company or Group. Where there is any uncertainty
as to their non-recourse status, the Company will appoint a legal advisor to the
satisfaction of the Finance Parties to issue a legal opinion to such end, the terms of which
should also be to the satisfaction of the Finance Parties.

“Obligor” or “Obligors” means, individually or jointly, the Company and the Guarantors.

“Original Facility” refers to the syndicated loan dated September 12, 2008, modified on May
21, 2009, between the Company, ING Belgium, S.A., Sucursal en España, Caja de Ahorros y
Monte de Piedad de Madrid and Caixa d  ́Estalvis i Pensions de Barcelona.

“Original Financial Statements” means the latest consolidated Financial Statements of the
Company published by the United States Securities and Exchange Commission.

“Participating Member State” means any member state of the European Union that adopts or has
adopted the euro as its lawful currency in accordance with legislation of the European Union
relating to Economic and Monetary Union, and which has a long-term sovereign debt rating
equivalent to or better than AA- in accordance with Standard & Poor’s Rating Services.

“Party” means a party to this Agreement.

“Permitted DTN Debt Market Transaction” means the issue by the Company of subordinated
convertible bonds maturing on 15 April 2010 for the amount of two hundred million United States of
America dollars (USD$200,000,000), in a private placement with qualified institutional investors.
The bonds are contractually subordinated to the obligations under the Finance Documents in the
terms set forth in Schedule 5 (DTN subordination terms) and are not secured by any personal
guarantee or security whatsoever.

“Permitted Financial Indebtedness” means:

	 	(a)	 	any Financial Indebtedness arising under a Finance Lease (except for those
deemed to be a sale and lease-back);
	 
	 	(b)	 	any Financial Indebtedness arising under a Finance Lease deemed to be a sale
and lease-back which individually or jointly does not exceed fifty million euros
(€50,000,000);
	 
	 	(c)	 	any Financial Indebtedness incurred by a member of the Group who is not an
Obligor (excluding Non-Recourse Assets) is permitted, if when aggregated with Permitted
Loans and Permitted Guarantees made by Obligors to members of the Group who are not
Obligors, the total amount does not exceed €50,000,000.00 (without double counting);
	 
	 	(d)	 	any Financial Indebtedness incurred under the Permitted DTN Debt Market
Transaction.
	 
	 	(e)	 	any Financial Indebtedness existing this day (without including any
Financial Indebtedness to be the object of refinancing by virtue of this Agreement)
described at the Schedule 10 (Existing Financial Indebtedness) attached hereto;

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	 	(f)	 	any Financial Indebtedness incurred by any member of the Group that is not
otherwise permitted by paragraphs (a) to (f) of this definition, provided that such
indebtedness would not at any time cause a breach of the financial covenants set forth
in Clause 22.1 (Financial condition); and

The Financial Indebtedness raised to finance acquisitions of companies or businesses shall
only be considered Permitted Financial Indebtedness if the Group is in pro forma covenant
compliance with the financial covenants set forth in Clause 22.1 (Financial condition) is
attained before the implementation of the corresponding transaction (using for this purpose
the latest Financial Statements closed on 30 June or 31 December and delivered to the Agent)
and after the implementation of the transaction (in the case of an acquisition, using the
latest Financial Statements closed on 30 June or 31 December and delivered to the Agent and
the latest financial statements available (coinciding in respect of the period applicable
with the Company Financial Statements used for the effects of the calculation or those
immediately preceding, if the latter have not been closed) of the acquired entity, adding
any indebtedness incurred through the acquisition, where applicable), and to such end it
will provide the appropriate Ratio Compliance Certificates evidencing compliance with the
aforementioned conditions.

“Permitted Guarantees” means:

	 	(a)	 	the endorsement of negotiable instruments in the ordinary course of trade;
	 
	 	(b)	 	any guarantee or indemnity for any Permitted Financial Indebtedness (except for
the Permitted DTN Debt Market Transaction);
	 
	 	(c)	 	any personal guarantee given in order to comply with the Company’s obligations
as an entity listed in a stock exchange in the United States of America;
	 
	 	(d)	 	any personal guarantee granted in regard to any property leased or licensed by
any member of the Group;
	 
	 	(e)	 	any personal guarantee existing on the date of this Agreement, or any personal
guarantee replacing an existing personal or any personal guarantee to which the Agent
(acting on the instructions of the Majority of Lenders) shall have given its prior
written consent;
	 
	 	(f)	 	any personal guarantee within the Obligors to support any finance facility or
obligation;
	 
	 	(g)	 	personal guarantees by Obligors to members of the Group who are not Obligors,
providing that when aggregated with Permitted Loans and Financial Indebtedness
incurred by the members of the Group who are not Obligors, does not exceed forty
million euros (€40,000,000) (or its equivalent in another currency or currencies)
(without double counting); and,
	 
	 	(h)	 	personal guarantees and performance bonds in the ordinary course of business
and trading (bid, performance, etc.);

“Permitted Joint Venture” means any Joint Venture engaged in a business substantially the
same as that carried on by the Group or any Group company.

“Permitted Loans” means:

	 	(a)	 	any trade credit extended by any member of the Group to its customers on normal
commercial terms and in the ordinary course of its trading activities;
	 
	 	(b)	 	a loan made by an Obligor to another Obligor;

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	 	(c)	 	loans by Obligors to non-Obligor members of the Group, providing that when
aggregated with Permitted Guarantees and Financial Indebtedness incurred by
non-Obligors, the aggregate principal amount does not exceed forty million euros
(€40,000,000) (or its equivalent in another currency or currencies) (without double
counting); and,

	 	(d)	 	any loan not falling within paragraphs (a) to (c) above, the aggregate
principal amount of which at any time does not exceed twenty million euros
(€20,000,000) (or its equivalent in another currency or currencies).

“Permitted Security” means:

	 	(a)	 	any Security automatically constituted by operation of law or in the ordinary
course of trading and not as a result of any default or omission by any member of the
Group;
	 
	 	(b)	 	any Security or Quasi-Security over or affecting any asset acquired by a member
of the Group after the date of this Agreement, provided that such Security or
Quasi-Security was not established for purposes of the acquisition of the applicable
asset, the principal amount secured by such asset is not increased upon the acquisition
or after the acquisition of such asset, and such Security or Quasi-Security is released
within six (6) months of the acquisition by the member of the Group;
	 
	 	(c)	 	any Security arising under any retention of hire purchase or conditional sale
arrangement or arrangements having similar effect in respect of the assets acquired or
in use, regarding a member of the Group in the ordinary course of trading and in
accordance with the standard activity of the supplier involved or with the usual terms
of such transactions, providing such Security was not constituted as a result of any
default or omission by any member of the Group;
	 
	 	(d)	 	Existing Security;
	 
	 	(e)	 	any Security or Quasi-Security over or affecting any assets of any company
which becomes a member of the Group after the date of this Agreement, where the
Security or Quasi-Security is created prior to the date on which that company becomes a
member of the Group, subject to the same limits and restrictions set forth in paragraph
(b) of this definition;
	 
	 	(f)	 	any Security or Quasi-Security arising as a consequence of any Finance Lease
permitted pursuant to the definition of Permitted Financial Indebtedness;
	 
	 	(g)	 	any Security over any rental deposits in respect of any property leased or
licensed by any member of the Group;
	 
	 	(h)	 	any Security over Non-Recourse Assets; and
	 
	 	(i)	 	all other Security not falling within the circumstances of the previous
paragraphs (a) to (h), providing the total amount secured thereby, individually or
jointly, does not exceed twenty million euros €20,000,000.00.

“Permitted Transaction” means:

	 	(a)	 	Any Disposal required, Financial Indebtedness incurred, guarantee, indemnity or
other transaction arising, under the Finance Documents;
	 
	 	(b)	 	the solvent liquidation or reorganization of any member of the Group so long as
any payments or assets distributed as a result of such liquidation or reorganization
are distributed to a member of the Group, subject to the

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	 	 	 	prepayment and cancellation provisions set forth herein. If as a consequence of a
solvent liquidation or reorganization of any Obligor any payment or asset is
distributed to a non-Obligor, the latter will become an Additional Obligor if
necessary to comply with Clause 26.2 (Additional guarantors);
	 
	 	(c)	 	transactions (other than (i) any sale, lease, license or other disposal, and
(ii) the granting or creation of Security or the incurring or permitting to subsist of
Financial Indebtedness) conducted in the ordinary course of trading on arm’s length
terms;
	 
	 	(d)	 	Permitted Joint Ventures;
	 
	 	(e)	 	any merger, demerger, or corporate reorganization between members of the Group
subject to (i) the resulting entity remaining as or becoming a Guarantor (when this is
necessary in order to comply with the Coverage of the Guarantors), (ii) the resulting
entity continues to be directly or indirectly controlled by the Company, and (iii) the
resulting entity  ́s debt is pari passu with the Facilities;
	 
	 	(f)	 	any corporate transaction carried out to implement the Corporate Restructuring
(provided that any resulting entities becomes or continues to be a Guarantor, if
applicable, in compliance with Clause 26.2 (Additional guarantors), but always at all
times to the extent permitted by law);
	 
	 	(g)	 	any other transaction with the prior written consent of the Majority Lenders;
	 
	 	(h)	 	the Permitted DTN Debt Market Transaction;
	 
	 	(i)	 	any foreign exchange transaction for spot or forward delivery entered into in
connection with protection against fluctuation in currency rates where that foreign
exchange exposure arises in the ordinary course of trade but not a foreign exchange
transaction for investment or speculative purposes;
	 
	 	(j)	 	in addition to any other Disposals permitted under this Agreement, any Disposal
of assets (other than shares in any member of the Group) which are obsolete or which
are no longer required for the Group’s business or operations provided that these have
been totally written off in the balance sheet according to the terms of the Accounting
Principles;
	 
	 	(k)	 	any lease or license of real property in the ordinary course of business;
	 
	 	(l)	 	any netting or set-off arrangement entered into by any member of the Group with
any of its commercial bankers in the ordinary course of its banking arrangements for
the purpose of netting debit and credit balances of members of the Group; and
	 
	 	(m)	 	any acquisition of an entity (by means of acquiring its total share capital or
a controlling stake) or business carried on as a going concern, only if:

	 	(i)	 	In the event the equity value of an acquired company or the
value of the business acquired is less than or equal to fifty million
euros (€50,000,000.00), the financial ratios are met as established in
Clause 22.1 based on a pro forma calculation both before the
acquisition (using to such end the latest Company Financial Statements,
closed on 30 June or 31 December, delivered to the Agent pursuant to
this Agreement) or after the same (using to such end the latest Company
Financial Statements, closed on 30 June or 31 December, delivered to
the Agent pursuant to this Agreement, incorporating, where applicable,
the acquisition debt and the latest financial statements available in
relation to the company or business acquired); or

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	 		 	(ii) in the event the equity value of an acquired company
or the value of the business acquired is greater than fifty million euros
(€50,000,000.00):

	 	 	 	a. the financial ratios are met as established in Clause
22.1 based on a pro forma calculation both before the acquisition
(using to such end the latest Company Financial Statements, closed
on 30 June or 31 December, delivered to the Agent pursuant to this
Agreement) or after the same (using to such end the latest Company
Financial Statements, closed on 30 June or 31 December, delivered
to the Agent pursuant to this Agreement, incorporating, where
applicable, the acquisition debt and the latest financial
statements available in relation to the company or business
acquired); and
	 
	 	 	 	b. the company or business acquired has a positive EBITDA;
and
	 
	 	 	 	c. the equity value of the acquired company or the value of
the business acquired is less than 8x its latest audited EBITDA;
and
	 
	 	 	 	d. the stake or business acquired are consolidated in the
Group’s Financial Statements through the global integration method
in accordance with Accounting Principles; and
	 
	 	 	 	e. in the event the acquisition has been financed through
non-recourse indebtedness to the Group, that such financing has a
maturity subsequent to the Maturity Date.

	 	 	(a) any capital investment in an entity partly held by the Company or a company of
the Group prior to the date of this Agreement; and
	 
	 	 	(b) any committed deferred payment on date of this Agreement corresponding to
acquisitions of businesses or companies acquired prior to the date of this Agreement.
	 
	 	 	“Pro Forma Financial Statements” means the income statement, balance sheet and
cash flow of the Company for each Financial Year, excluding Non-Recourse Assets
	 
	 	 	“Qualifying Lender” has the meaning given to that term in Clause 14 (Tax gross-up and
indemnities).
	 
	 	 	“Quarterly Financial Statements” means the financial statements delivered pursuant to
paragraph (c) of Clause 21.1 (Financial statements).
	 
	 	 	“Quasi-Security” means a term, condition or transaction entered into primarily as a method
of raising Financial Indebtedness or of financing the acquisition of an asset through (i)
the sale, transfer or otherwise disposal of any assets on terms whereby they are or may be
leased to or re-acquired by the transferring party, (ii) the sale, transfer or disposal of
receivables on recourse terms regarding the transferring party, (iii) entering into any
arrangement under which money, facility or account may be offset against another or others,
or (iv) entering into any other arrangement having a similar effect.
	 
	 	 	“Quotation Day” means, in relation to any period for which an interest rate is to be
determined two (2) TARGET Days before the first day of that period unless market practice
differs in the Relevant Interbank Market for a currency, in which case the Quotation Day for
that currency will be determined by the Agent in accordance with

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	 	 	market practice in the Relevant Interbank Market (and if quotations would normally be given
by leading banks in the Relevant Interbank Market on more than one day, the Quotation Day
will be the last of those days).
	 
	 	 	“Ratio Compliance Certificate” means a certificate issued in
accordance with the form provided in Schedule 7 (Form of Ratio Compliance Certificate).
	 
	 	 	“Reference Banks” means the principal office of BNP Paribas, Banco Santander S.A. and Banco
Bilbao Vizcaya Argentaria S.A., nominated by such bank for quoting EURIBOR rates or such
other banks as may be appointed by the Agent in consultation with the Company.
	 
	 	 	“Relevant Interbank Market” means in relation to euro, the European interbank market.
	 
	 	 	“Relevant Jurisdiction” means, in relation to an Obligor, its jurisdiction of incorporation
or the jurisdictions where it conducts its business.
	 
	 	 	“Repeating Representations” means each of the representations set out in the following
paragraphs of Clause 20: 20.2, 20.3, 20.6, 20.8, 20.9, 20.11, 20.13, 20.14, 20.15, 20.16,
20.17, 20.18, 20.19, 20.21 and 20.22.
	 
	 	 	“Screen Rate” refers, in relation to EURIBOR, to the percentage rate per annum determined by
the Banking Federation of the European Union for the relevant period displayed on the
appropriate page of the Reuters screen. If the agreed page is replaced or service ceases to
be available, the Agent may specify another page or service displaying the appropriate rate
after consultation with the Company and the Lenders.
	 
	 	 	“Security” means a mortgage, charge, pledge, lien or other security interest.
	 
	 	 	“Structuring and Syndication Letters” means any letters dated on or
before the date of this Agreement containing the terms under which the Arrangers have
structured this financing and will syndicate their participations therein.
	 
	 	 	“Subsidiary” means, any company being directly or indirectly owned by the Company, or entity
where the Company directly or indirectly controls more than 50% of the voting rights.
	 
	 	 	For purposes of this definition, a company shall be treated as being controlled by another
pursuant to the provisions of section 43 of the Spanish Civil Code.
	 
	 	 	“Syndication Procedure” means, for each Lender forming part of this Agreement on the date
hereof, the execution of the first transfer agreement regarding its rights and obligations
arising from any Finance Document to any third party pursuant to the provisions of Clause 25
(Changes to the Lenders).
	 
	 	 	“TARGET2” refers to the Trans-European Automated Real-time Gross Settlement Express Transfer
payment system which utilizes a single shared platform and which was launched on 19 November
2007.
	 
	 	 	“TARGET Day” means any day on which TARGET2 is open for the settlement of payments in euros.

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	 	 	“Tax” means any tax, levy, impost, duty, lien or other charge or withholding of a similar
nature (including any penalty or interest payable in connection with any failure to pay or
any delay in paying any of the same).
	 
	 	 	“Total Commitments” means the aggregate of the Total Facility A Commitments and the Total
Facility B Commitments.
	 
	 	 	“Total Facility A Commitments” means the aggregate of the Facility A Commitments, being one
hundred thousand euros (€100,000,000.00), or the amount resulting from the reduction as a
result of the voluntary prepayment or cancellation of Facility A.
	 
	 	 	“Total Facility B Commitments” means the aggregate of the Facility B Commitments, being
eighty-three million euros (€83,000,000.00), or the amount resulting from the reduction as a
result of the cancellation of Facility B.
	 
	 	 	“VAT” means value added tax as provided for in the Value Added Tax Act 1994 (in the case of
any services rendered in the United Kingdom) and the Spanish Value Added Tax Act 37/1992 (in
Spain) and any other tax of a similar nature.
	 
	1.2	 	Construction

	 	(a)	 	Unless a contrary indication appears a reference in this Agreement to:

	 	(i)	 	the “Agent”, the “Arranger”, any “Finance Party”, any “Lender”, any
“Obligor”, any “Party”, the “Company” or any other person shall be construed so
as to include its successors in title (including by way of merger), permitted
assigns and permitted transferees;
	 
	 	(ii)	 	a document in “agreed form” is a document which is previously
agreed in writing by or on behalf of the Company and the Agent or, if not so
agreed, is in the form specified by the Agent;
	 
	 	(iii)	 	“assets” includes present and future properties, revenues and
rights of every description;
	 
	 	(iv)	 	the “European interbank market” means the interbank market for euro
operating in Participating Member States;
	 
	 	(v)	 	a “Finance Document” or any other agreement or instrument is a
reference to that Finance Document or other agreement or instrument as amended,
novated, extended, replaced or restated, unless expressly stated otherwise;
	 
	 	(vi)	 	a provision of law is a reference to that provision as amended or
re-enacted; and
	 
	 	(vii)	 	a time of day is a reference to London time.

	 	(b)	 	Section, Clause and Schedule headings are for ease of reference only.
	 
	 	(c)	 	Unless a contrary indication appears, a term used in any other Finance
Document or in any notice given under or in connection with any Finance Document has
the same meaning in that Finance Document or notice as in this Agreement.

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	 	(d)	 	A default is “continuing” if it has not been remedied or waived.
	 
	 	(e)	 	The terms defined in Clause 1.1 (Definitions) which are in the singular will
have the same meaning as the terms in capitals and refer to the plural, and vice
versa.

	1.3	 	Currency symbols and definitions
	 
	 	 	“EUR”, “euro” and “€” means the single currency unit of the Participating Member States.

SECTION 2

THE FACILITIES

	2.	 	THE FACILITIES
	 
	2.1	 	Facilities
	 
	 	 	Subject to the terms of this Agreement, the Lenders make available to the Company:

	 	(a)	 	a euro term loan facility in an aggregate amount equal to the Total Facility
A Commitments; and
	 
	 	(b)	 	a euro revolving loan facility in an aggregate amount equal to the Total
Facility B Commitments.

	2.2	 	Post-syndication increase

	 	(a)	 	The Total Commitments may be increased twice by up to [thirty million Euros
(30,000,000,00€)] through the increase in Total Facility B Commitments by
one or more Lenders or the adhesion to this Agreement by one or more credit entities
other than the Lenders.
	 
	 	(b)	 	The Lenders hereby accept the increase in the Total Facility B Commitments
and the adhesion to this Agreement mentioned in section (a) above providing (i) this is
approved beforehand in writing by the Majority Lenders, to which end the Agent will
notify the Lenders of the corresponding application made by the Company and the entity
or entities wishing to increase their Facility B Commitment or adhere to this
Agreement, and (ii) it is carried out in terms substantially identical to those
established in the forms for the Commitment increase document and adhesion document
attached to this Agreement as Schedule 12 (Forms of loan adhesion and commitment
increase documents).
	 
	 	(c)	 	The new entities mentioned in the previous clause will be deemed to be
Lenders for all the effects of this Agreement, assuming all the rights and obligations
arising from this Agreement, with all financial conditions established herein being
applicable.
	 
	 	(d)	 	The Agent must inform the rest of the Lenders of the increase in the Total
Facility B Commitments or the adhesion mentioned in Clause (c) above once this has been
specified through the subscribing of the corresponding Commitment increase document or
adhesion document, in terms substantially identical to those established in the Commitment increase document and adhesion document

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	 	 	 	forms
attached to this Agreement as Schedule 12 (Forms of loan adhesion and commitment
increase documents).

	 	(e)	 	It is hereby expressly established that, in the event it is intended to
increase the Total Facility B Commitments through the adhesion to this Agreement by one
or more credit entities other than the Lenders, such increase in the Total Facility B
Commitments will be subject to the Agent having received all documentation or
information in respect of such entity or entities which might be reasonably required
for the latter to comply with know your customer requisites and standards.
	 
	 	(f)	 	Exceptionally, in the event the increase in the Total Facility B Commitments
established in this Clause 2.2 (Post-syndication increase): (i) the Borrower shall send
the Agent a Loan Request to dispose of the increase amount pursuant to the provisions
of Clause 5.1 (Delivery of a Loan Request), (ii) the Loan Date proposed in such Loan
Request must coincide with the start of the Interest Period following the increase
date, and (iii) notwithstanding the provisions of Clause 5 (Facility Loans), the Agent
shall send the Loan Request in question solely and exclusively to those entities which
have increased their Commitment or have adhered to this Agreement within the framework
of the said increase in the Total Facility B Commitments, entities which must make such
amounts available to the Company pursuant to the provisions of this Agreement and the
corresponding Loan Request.

	2.3	 	Finance Parties’ rights and obligations

	 	(a)	 	The obligations of each Finance Party under the Finance Documents are
several. Failure by a Finance Party to perform its obligations under the Finance
Documents does not affect the obligations of any other Party under the Finance
Documents. No Finance Party is responsible for the obligations of any other Finance
Party under the Finance Documents.
	 
	 	(b)	 	The rights of each Finance Party under or in connection with the Finance
Documents are separate and independent rights and any debt arising under the Finance
Documents to a Finance Party from an Obligor shall be a separate and independent debt.
	 
	 	(c)	 	A Finance Party may, except as otherwise stated in the Finance Documents,
separately enforce its rights under the Finance Documents.

	3.	 	PURPOSE
	 
	3.1	 	Use of proceeds
	 
	 	 	The Company shall apply all amounts borrowed by it under this Agreement in relation to
Facility A exclusively and irrevocably towards: (i) the refinancing of its Original
Facility, (ii) the refinancing of certain other facilities the details of which are set
forth in Schedule 4 (Refinanced Lines), (iii) the payment of any costs, expenses and fees
arising from the subscribing of the Finance Documents, and bearing in mind the foregoing and
should there be any remaining amount, towards (iv) the corporate and business purposes of
the Group.

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	 	 	Furthermore the Company shall apply all amounts received under this Agreement in relation to
Facility B, exclusively and irrevocably towards: (i) the corporate and business purposes of
the Group, (ii) the payment of any costs, expenses and fees arising from the subscribing of
the Finance Documents to the extent they have not been paid with the funds obtained from
Loan from Facility A, and (iii) the partial refinancing of the circulating debt the Company
has at present referred to in Schedule 10 (Existing Financial Indebtedness).
	 
	3.2	 	Monitoring
	 
	 	 	No Finance Party is bound to monitor or verify the application of any amount borrowed
pursuant to this Agreement.

	 
	4.	 	CONDITIONS FOR SIGNING AND LOANS
	 
	4.1	 	Conditions precedent for signing and initial Loan
	 
	 	 	Notwithstanding compliance with the conditions precedent for the signing of this Agreement
set forth in Part I of Schedule 2 (Conditions Precedent), the first Loan for any amount
under this Agreement will be subject to prior or simultaneous compliance, to the
satisfaction of the Lenders, with each and every one of the conditions precedent set forth
in Part I of Schedule 2 (Conditions Precedent).
	 
	 	 	The Agent will notify the Company and the Lenders as soon as such conditions have been met.
	 
	4.2	 	Further conditions precedent
	 
	 	 	The obligation of each Lender to comply with Clause 5.4 (Lenders’ participation) on any Loan
Date is subject to prior or simultaneous compliance with each and every one of the following
conditions on the date of the Request and on the proposed Loan Date:

	 	(a)	 	no Default is continuing or would result from the proposed Loan; and,
	 
	 	(b)	 	the Repeating Representations to be made by each Obligor are true and
correct.

SECTION 3

LOANS

	5.	 	FACILITY LOANS
	 
	5.1	 	Delivery of a Loan Request
	 
	 	 	The Company may request a Loan by delivery to the Agent of a duly completed Loan Request no
later than 11:00 a.m. (London time) four (4) Business Days prior to the proposed Loan Date.
The Agent will notify the Loan Request to the Lenders no later than 10:00 a.m. (London time)
on the day following its receipt.

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	5.2	 	Completion of a Loan Request

	 	(a)	 	Each Loan Request is irrevocable and will not be regarded as having been
duly completed unless:

	 	(i)	 	it identifies the Facility to be utilized;
	 
	 	(ii)	 	the proposed Loan Date , which (i) in the case of the Facility A
Loan, shall be the date of this Agreement, and (ii) in the case of any Facility
B Loan, shall be a date within the Facility B Loan Period;
	 
	 	(iii)	 	the currency and amount of the Loan comply with Clause 5.3
(Amount); and
	 
	 	(iv)	 	the proposed Interest Period complies with Clause 11 (Interest
Periods).

	 	(b)	 	Multiple Loans may be requested in a Loan Request.

	5.3	 	Amount

	 	(a)	 	The amount of the proposed Loan must be:

	 	(i)	 	In the case of the Facility A Loan, a minimum amount which shall be
no less than the amount of the Total Facility A Commitments; and
	 
	 	(ii)	 	In the case of the Facility B Loan, a minimum amount of no less
than one million euros (€1,000,000).

	 	(b)	 	The Company may not request more Loan Requests of the Facility B Loan if
there exist ten (10) active Loans at the time of making the Loan Request.

	5.4	 	Lenders’ Commitment

	 	(a)	 	If the conditions set forth in this Agreement have been met and subject to
the terms of this Agreement (including but not limited to the delivery of applicable
Loan Requests), each Lender severally agrees to (i) make Facility A Loans to the
Company through a single disbursement on the date of this Agreement, in an amount not
to exceed such Lender’s Facility A Commitment, and (ii) make Facility B Loans to the
Company, from time to time, on any Business Day during the Facility B Loan Period in an
aggregate principal amount at any time outstanding for all such Facility B Loans by
such Lender not to exceed such Lender’s Facility B Commitment.
	 
	 	(b)	 	The amount of each Lender’s participation in each Loan will be equal to its
Facility A Commitment and Facility B Commitment corresponding immediately prior to
making the Loan.
	 
	 	(c)	 	The Parties agree that (i) any amounts of Facility A Loans voluntarily
prepaid may not be re-borrowed from Facility A, and (ii) within the limits of the
Facility B Commitment of each Lender, any amounts of Facility B Loans prepaid
obligatorily in accordance with Clause 8 (Mandatory prepayment) may be re-borrowed
under this Clause 5.4 (Lenders’ Commitment).

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SECTION 4

REPAYMENT, PREPAYMENT AND CANCELLATION

	6.	 	REPAYMENT
	 
	6.1	 	Ordinary repayment

	 	(a)	 	The Company agrees to repay the Facility A Loan at the dates and in the
amounts set forth below:

	 	 	 	 	 
	DATE	 	AMOUNT	 
	23 March 2011
	 	€	10,000,000	 
	23 March 2012
	 	€	20,000,000	 
	23 March 2013
	 	€	30,000,000	 
	23 March 2014
	 	€	40,000,000	 

	 	(b)	 	The Company agrees to repay the entire unpaid principal amount of Facility B
on the applicable Maturity Date.

	6.2	 	Effect of cancellation and prepayment

	 	(a)	 	If:

	 	(i)	 	the Company cancels the whole or any part of the Facility B
Commitments in accordance with Clause 7.2 (Voluntary prepayment), Clause 7.3
(Right of cancellation and early repayment in relation to a single Lender),
Clause 7.4 (Right of Cancellation in relation to a Defaulting Lender) or if the
Facility A Commitment or Facility B Commitment of any Lender is reduced under
Clause 7.1 (Illegality); or
	 
	 	(ii)	 	the principal of Facility A or Facility B is prepaid in accordance
with Clause 7.3 (Right of cancellation and repayment in relation to a single
Lender) or Clause 7.1 (Illegality),

	 	 	 	the amount of the relevant Facility to be repaid on the applicable Maturity Date
will be reduced by the amount of the Facility so prepaid.

	 	(b)	 	If the Company makes any voluntary prepayment in accordance with Clause 7.2
(Voluntary prepayment) or Clause 8 (Mandatory prepayment), it will apply all
prepayments to (i) the repaying of Facility A, and (ii) after the total repayment of
the Facility A Commitments, to the amounts due under Facility B with the corresponding
reduction of the limit available for the case of an mandatory prepayment.
	 
	 	(c)	 	Any prepayment of the Loans made in accordance with Clause 8 (Mandatory
Prepayments) shall be applied pro rata to the repayment of the Facilities and in each
Facility to any Lender proportionally to its Commitment.

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	7.	 	ILLEGALITY, VOLUNTARY PREPAYMENT AND CANCELLATION
	 
	7.1	 	Illegality
	 
	 	 	If it becomes unlawful in any applicable jurisdiction for a Lender to perform any of its
obligations as contemplated by this Agreement or to fund, issue or maintain its Commitment
in any Loan:

	 	(a)	 	that Lender shall promptly notify the Agent upon becoming aware of that
event;
	 
	 	(b)	 	upon the Agent notifying the Company, the Commitment of that Lender will be
immediately cancelled; and
	 
	 	(c)	 	the Company shall repay that Lender’s Commitment in the Loans on the last
day of the Interest Period for each Loan occurring after the Agent has provided the
notice established in paragraph (a) above or, if earlier, on the date specified by the
Lender in the notice delivered to the Agent (being no earlier than the last day of any
applicable grace period permitted by law).
	 
	 	 	 	The Finance Parties affected, at the request of the Company through the Agent, will
make its best efforts (provided these are commercially acceptable and this implies
no infringement of applicable legislation) to seek an alternative solution not
involving any financial damage to themselves or to the Company, including, merely by
way of example, the transfer to another jurisdiction of the Facility Office
initially used for the purposes of this Agreement, or the transferring of all their
rights and obligations under this Agreement to another entity (whether belonging to
its group or to a third-party entity) not affected by the circumstances mentioned in
this Clause.

	7.2	 	Voluntary prepayment
	 
	 	 	The Company may make voluntary prepayments providing this is done for an aggregate amount of
no less than two million euros (€2,000,000) and in whole multiples of one million euros
(€1,000,000) upon at least five (5) Business Days’ prior notice to the Agent stating the
proposed date and aggregate principal amount of the prepayment, as well as the interest
accruing up to such payment date. Should any prepayment of the Facility be made on a date
other than the last day of an Interest Period, the Company shall also pay Break Costs. Once
the Agent has received notice of the prepayment, the amount of principal specified therein
shall become due and payable on the date specified for such prepayment.
	 
	 	 	In order to make a voluntary prepayment, the following will be applicable:

	 	(a)	 	The amounts of Facility A prepaid may be applied, at the discretion of the
Company, either to ordinary repayment amounts (i) in direct order to the following
installment, (ii) in reverse order starting with the last installment to be paid, or
(iii) pro rata in respect of ordinary Facility A repayments due. The option for
applying the prepayment must be indicated by the Company in its notice of voluntary
prepayment. Otherwise, the corresponding prepayment will be applied in direct order to
the following installment.
	 
	 	(b)	 	Pursuant to the provisions of Clause 6.2 (b) of this Agreement, the Company
may cancel the facility available under Facility B early, entirely or in part, at any
time.

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	 	 	 	Any cancellation of Facility B will reduce the pending principal of the Loan
corresponding to the Commitment of all Lenders, pro rata.

	7.3	 	Right of cancellation and early repayment in relation to a single Lender

	 	(a)	 	Subject to paragraph (b) below:

	 	(i)	 	if any sum payable to any Lender by an Obligor is required to be
increased under paragraph (c) of Clause 14.2 (Tax gross-up);
	 
	 	(ii)	 	if any Lender claims indemnification from the Company or an Obligor
under Clause 14.3 (Tax indemnity) or Clause 15 (Increased costs); or
	 
	 	(iii)	 	in the case of a non-consenting Lender, (as defined in Clause 36.3
(Non-consenting Lenders))

	 	 	 	the Company may, whilst the circumstance giving rise to the requirement for an
increased payment or indemnification continues, or, in the case of a non-consenting
Lender, give the Agent notice of cancellation of the Commitment of that Lender and
its intention to procure the repayment of that Lender’s or Non-consenting Lender’s
participation in the Facilities.
	 
	 	(b)	 	On receipt of such notice under paragraph (a) above in relation to a Lender
(or non-consenting Lender) or a Non-consenting Lender, the pending principal of the
Loan corresponding to the Commitment of such Lender shall immediately be reduced to
zero.
	 
	 	(c)	 	On the last day of each Interest Period which ends after the Company has
given notice under paragraph (a) above in relation to a Lender (or non-consenting
Lender) (or, if earlier, the date specified by the Company in that notice), the Company
shall repay that Lender’s disbursements under this Facility together with all interest
and other amounts accrued under the Finance Documents.

	7.4	 	Right of cancellation in relation to a Defaulting Lender

	 	(a)	 	If any Lender becomes a Defaulting Lender, the Company may, at any time
whilst the Lender continues to be a Defaulting Lender, give the Agent ten (10) Business
Days’ notice of cancellation of the pending principal of the Loan corresponding to the
Commitment of such Lender.
	 
	 	(b)	 	On the notice referred to in paragraph (a) above becoming effective, the
pending principal of the Loan corresponding to the Commitments of such Defaulting
Lender shall immediately be reduced to zero.
	 
	 	(c)	 	The Agent shall as soon as practicable after receipt of a notice referred to
in paragraph (a) above, notify all the Lenders.

	8.	 	MANDATORY PREPAYMENT
	 
	8.1	 	Repayment and cancellation
	 
	 	 	The pending principal of the Loan of the Facilities shall immediately be reduced to zero and
all amounts accrued under the Finance Documents, together with interest

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	 	 	accumulated and accrued, will be immediately due and payable, on the occurrence of any of
the following events:

	 	(a)	 	illegality of the Agreement;
	 
	 	(b)	 	a default incurred by an Obligor continues after the grace period if
applicable;
	 
	 	(c)	 	the Abengoa Facility is cancelled or modified in any matter whatsoever that
could effectively impair the Company to keep benefiting from any liquidity originally
made available through the Abengoa Facility prior to its termination;
	 
	 	(d)	 	a Change of Control; or
	 
	 	(e)	 	the sale of all or substantially all of the assets of the Group whether in a
single transaction or a series of related transactions

	 	 	the pending principal of the Loan of the Facilities will be cancelled and all outstanding
Loans, together with accrued interest, and all other amounts accrued under the Finance
Documents, shall become immediately due and payable.
	 
	8.2	 	Debt Capital Market Transactions
	 
	 	 	Unless agreed in writing by the Majority Lenders, all proceeds collected by any Obligor as a
result of any debt capital market transaction (other than the Permitted DTN Debt Market
Transaction and debt capital market transactions aimed at financing acquisitions with a
maturity at least one year greater than the Maturity Date) shall be applied directly to the
prepayment of the Loans.
	 
	8.3	 	Proceeds from asset Disposals
	 
	 	 	The proceeds from any Disposal (net of any taxes and justified associated reasonable costs)
by an Obligor in excess of five million euros (€5,000,000.00) per annum shall be fully
reinvested by the Obligor within six (6) months in assets attached to the ordinary course of
business of any Obligor, or otherwise, be applied in full to the prepayment of this
Facility.
	 
	 	 	The Disposals are limited in aggregate to fifty million euros (€50,000,000.00) during the
life of this Agreement unless otherwise approved by the Majority Lenders.
	 
	8.4	 	Insurance proceeds
	 
	 	 	Any net insurance proceeds received by an Obligor as a result of a loss or destruction of
assets, in excess of one million euros (€1,000,000.00) shall be applied in full to the
prepayment of this Facility to the extent they are not reinvested in replacing such asset or
in assets attached to the ordinary course of business of any Obligor within twelve 12 months
of being available.
	 
	8.5	 	Application of mandatory prepayments
	 
	 	 	In continuation of the provisions of Clause 6.2(b), any repayment of the Facility made in
accordance with the provisions of Clause 8 (Mandatory prepayment) will be:

	 	(a)	 	applied to repaying the amounts of ordinary installments in reverse order
starting with the last installment due repayment; and

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	 	(b)	 	delivered to each of the Lenders pro rata to their Commitment in
the amounts repaid.

	9.	 	RESTRICTIONS
	 
	9.1	 	Notices of cancellation or prepayment
	 
	 	 	Any notice of cancellation or prepayment given by any Party under Clause 7 (Illegality,
Voluntary Prepayment and Cancellation) or Clause 8 (Mandatory Prepayment) shall (subject to
the terms of that Clause) be irrevocable and, unless a contrary indication appears in this
Agreement, any such notice shall specify the date or dates upon which the relevant
cancellation or prepayment is to be made and the amount of that cancellation or prepayment.
	 
	9.2	 	Interest and other amounts
	 
	 	 	Any prepayment under this Agreement shall be made together with accrued interest on the
amount prepaid and, subject to any Break Costs, without premium or penalty.
	 
	9.3	 	Multiple Facility B Requests
	 
	 	 	Unless a contrary indication appears in this Agreement, any Commitment in Facility B which
is prepaid may be reborrowed in accordance with the terms of this Agreement, within the
maximum limits of the Facility B Loan and when the pending principal of the Loan
corresponding to the Commitment applicable has not been cancelled.
	 
	9.4	 	Non-lending of amounts repaid or cancelled
	 
	 	 	No amount of the Facility repaid in respect of Facility A or cancelled in respect of
Facility B may be subsequently reinstated.
	 
	9.5	 	Agent’s receipt of notices
	 
	 	 	If the Agent receives a notice under Clause 7 (Illegality, voluntary prepayment and
cancellation) it shall promptly forward a copy of that notice or election to either the
Company or the affected Lender, as appropriate.

SECTION 5

COSTS OF UTILIZATION

	10.	 	INTEREST
	 
	10.1	 	Applicable rate of interest
	 
	 	 	All Loans shall bear interest on the unpaid principal amount thereof from the date such
Loans are made until paid in full, at a rate per annum equal to the sum of (A) EURIBOR as
determined for the applicable Interest Period, and (B) the applicable Margin in effect from
time to time.

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	10.2	 	Payment of interest
	 
	 	 	Interest accrued in accordance with Clause 10.1 (Applicable rate of interest) on each Loan
shall be payable by the Company in arrears (A) on the last day of each Interest Period
applicable to such Loan, (B) upon the payment or prepayment thereof in full or in part, and
(C) if not previously paid in full, at maturity (whether by acceleration or otherwise) of
such Loan.
	 
	10.3	 	Default interest

	 	(a)	 	If the Company fails to pay any amount payable by it under this Agreement on
its due date, it will be obliged to pay default interest (the “Default Interest”) to
the Finance Parties owed such payment, pursuant to section 316 of the Spanish Civil
Code.
	 
	 	(b)	 	The Default Interest will accrue daily ion the amounts for which payment has
been delayed, on the basis of a year of three hundred sixty (360) days, falling due on
the completion of each Month from the start of the default, and on the same date on
which the amounts on which it is accrues are paid in their entirety.
	 
	 	(c)	 	The default interest rate will be the sum of (i) the EURIBOR, as defined in
Clause 1.1, for deposits at one (1) day (therefore bearing in mind that the applicable
page from among those existing on the Reuters screen will be EONIA instead of EURIBOR
01, and that the calculation by the Agent of the EURIBOR applicable will be made on the
same date on which the same is to be applied, on the understanding that on those days
when the EURIBOR can not be calculated, the EURIBOR determined for the immediately
previous Business Day will be applied), (ii) the Margin, and (iii) a penalty margin of
two per cent (2%) per annum (the “Default Interest Rate”).
	 
	 	(d)	 	For the effects of section 317 of the Spanish Commercial Code, the parties
hereby agree the capitalization, on the maturity date, of the ordinary interest due,
liquid and not satisfied, which shall accrue new interest at the corresponding Default
Interest Rate. In turn, the Default Interest due, liquid and not satisfied will also be
capitalized monthly, likewise accruing interest at the Default Interest Rate.

	10.4	 	Notification of rates of interest
	 
	 	 	The Agent shall promptly notify the Lenders and the Company of the determination of a rate
of interest under this Agreement.

	11.	 	INTEREST PERIODS
	 
	11.1	 	Selection of Interest Periods and terms

	 	(a)	 	The Company shall select the Interest Period that will be applicable to a
Loan in its Loan Request. Such selection shall be irrevocable.
	 
	 	(b)	 	The Company may select (i) an Interest Period of three or six months for the
Facility A Loan, and (ii) an Interest Period of one, three or six months for the
Facility B Loans.
	 
	 	(c)	 	An Interest Period for a Loan shall not extend beyond the Maturity Date.

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	 	(d)	 	Each Interest Period for a Loan shall start on the corresponding Loan date.

	11.2	 	Non-Business Days
	 
	 	 	If an Interest Period would otherwise end on a day which is not a Business Day, that
Interest Period will instead end on the next Business Day in that calendar month (if there
is one) or the preceding Business Day (if there is not).

	12.	 	CHANGES TO THE CALCULATION OF INTEREST
	 
	12.1	 	Absence of quotations
	 
	 	 	Subject to Clause 12.2 (Market disruption), if EURIBOR is to be determined by reference to
the Reference Banks but a Reference Bank does not supply a quotation by 11:00 a.m. (London
time) on the Quotation Day, the applicable EURIBOR shall be determined on the basis of the
quotations of the remaining Reference Banks.
	 
	12.2	 	Market disruption

	 	(a)	 	If a Market Disruption Event occurs in relation to a Loan for any Interest
Period, then the rate of interest on each Lender’s share of that Loan for the Interest
Period shall be the percentage rate per annum which is the sum of:

	 	(i)	 	the Margin; and
	 
	 	(ii)	 	the rate notified to the Agent by that Lender as soon as
practicable and in any event before interest is due to be paid in respect of
that Interest Period, to be that which expresses (as a percentage rate per
annum) the cost to that Lender of funding its Commitment in that Loan
regardless of the source.

	 	(b)	 	In this Agreement “Market Disruption Event” means:

	 	(i)	 	at noon on the Quotation Day for the relevant Interest Period the
Screen Rate is not available and none or only one of the Reference Banks
supplies a rate to the Agent to determine EURIBOR for the relevant currency and
Interest Period; or
	 
	 	(ii)	 	before 5 p.m. (London time) on the Quotation Day for the relevant
Interest Period, the Agent receives notifications from a Lender or Lenders
(whose respective Commitments in a Loan exceed forty per cent (40%) of the
Total Commitments) that the cost to it of obtaining matching deposits in the
Relevant Interbank Market would be in excess of EURIBOR.

	12.3	 	Alternative basis of interest or funding

	 	(a)	 	If a Market Disruption Event occurs and the Agent or the Company so
requires, the Agent and the Company shall enter into negotiations (for a period of not
more than forty-five (45) days) with a view to agreeing a substitute basis for
determining the rate of interest.
	 
	 	(b)	 	Any alternative basis agreed pursuant to paragraph (a) above shall, with the
prior consent of all the Lenders and the Company, be binding on all Parties.

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	12.4	 	Break Costs

	 	(a)	 	The Company shall, within three (3) Business Days of demand by a Finance
Party, pay to that Finance Party its Break Costs attributable to a payment being made
on a day other than the last day of the Interest Period applicable.
	 
	 	(b)	 	Each Lender shall, as soon as reasonably practicable after a demand by the
Agent, provide a certificate confirming the amount of its Break Costs for any Interest
Period in which they accrue.

	13.	 	FEES
	 
	13.1	 	Agreement, agency, and other fees

	 	(a)	 	The Company must pay all fees agreed in the corresponding Fee Letter in
accordance with the conditions established herein.
	 
	 	(b)	 	Additionally, the Company must pay the Lenders an availability fee
equivalent to:

	 	(i)	 	forty per cent (40%) of the Margin applicable to Facility B from
time to time, which shall accrue daily from the date of this Agreement until
the date of completion of the Facility B Loan Period based on a year of three
hundred sixty (360) days and will be calculated on the average unused balance
of such Facility B in each quarter and will be payable in arrears each calendar
quarter; and
	 
	 	(ii)	 	forty per cent (40%) of the Margin applicable to Facility A on the
date of this Agreement, which shall accrue daily from the date on which fifteen
(15) days have elapsed from the date of this Agreement (if once this date
arrives the Facility A Loan has not been made), until either the date of
completion of the Facility A Loan Period or the date on which said Facility A
Loan is made,= based on a year of three hundred sixty (360) days and
which will be calculated on the average unused balance of such Facility A and
be payable on the last day of the Facility A Loan Period.

SECTION 6

ADDITIONAL PAYMENT OBLIGATIONS

	14.	 	TAX GROSS-UP AND INDEMNITIES
	 
	14.1	 	Definitions

	 	(a)	 	In this Agreement:
	 
	 	 	 	“Protected Party” means a Finance Party which is or will be subject to any liability
or required to make any payment for or on account of Tax in relation to a sum
received or receivable (or any sum deemed for the purposes of Tax to be received or
receivable) under a Finance Document.
	 
	 	 	 	“Qualifying Lender” means:

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	 	(i)	 	a Lender which is resident for tax purposes in any of the member
states of the European Union other than Spain and which becomes a Party to this
Agreement directly (other than through a permanent establishment) or through a
permanent establishment located in another member state of the European Union
other than Spain, provided that the interest income is not attributable to a
permanent establishment located in Spain and provided further the interest
income is not obtained by such Lender through a territory of country identified
as a tax haven in the Spanish legislation; or
	 
	 	(ii)	 	a Lender which is a credit institution or a credit financial
establishment registered in the special registries of the Bank of Spain
provided that the Lender is resident or established for tax purposes in Spain;
or
	 
	 	(iii)	 	a permanent establishment of a non Spanish resident financial
entity; or
	 
	 	(iv)	 	a Treaty Lender,

	 	 	 	and, in each case, where, if the relevant tax authority requires the Lender to be
beneficially entitled to the interest income in order for such interest to be paid
without a tax deduction, it is so entitled.
	 
	 	 	 	“Tax Credit” means a credit against, relief or remission for, or repayment of, any
Tax.
	 
	 	 	 	“Tax Deduction” means a deduction or withholding for or on account of Tax from a
payment under a Finance Document.
	 
	 	 	 	“Tax Payment” means either the increase in a payment made by an Obligor to a Finance
Party under Clause 14.2 (Tax gross-up) or a payment under Clause 14.3 (Tax
indemnity).
	 
	 	 	 	“Treaty Lender” means a Lender which:

	 	(i)	 	is treated as a resident of a Treaty State;
	 
	 	(ii)	 	does not carry on a business in Spain through a permanent
establishment with which that Lender’s participation in the Loan is effectively
connected; and
	 
	 	(iii)	 	is entitled under the provisions of the Treaty to receive payments
without a Tax Deduction.

	 	 	 	“Treaty State” means a jurisdiction having a double taxation agreement (a “Treaty”)
with Spain which makes provision for full exemption from tax imposed by Spain on
interest.
	 
	 	 	 	Unless a contrary indication appears, in this Clause 14 a reference to “determines”
or “determined” means a determination made in the absolute discretion of the person
making the determination.

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	14.2	 	Tax gross-up

	 	(a)	 	Each Obligor shall make all payments to be made by it without any Tax
Deduction, unless a Tax Deduction is required by law.
	 
	 	(b)	 	The Company shall promptly upon becoming aware that an Obligor must make a
Tax Deduction (or that there is any change in the rate or the basis of a Tax Deduction)
notify the Agent accordingly. Similarly, a Lender shall notify the Agent on becoming so
aware in respect of a payment payable to that Lender. If the Agent receives such
notification from a Lender it shall notify the Company and that Obligor.
	 
	 	(c)	 	If a Tax Deduction is required by law to be made by an Obligor, the amount
of the payment due from that Obligor shall be increased to an amount which (after
making any Tax Deduction) leaves an amount equal to the payment which would have been
due if no Tax Deduction had been required.
	 
	 	(d)	 	An Obligor is not required to make an increased payment to a Lender under
paragraph (c) above for a Tax Deduction in respect of tax imposed by Spain from a
payment due under a Loan, if on the date on which the payment falls due:

	 	(i)	 	the payment could have been made to the relevant Lender without a
Tax Deduction if it was a Qualifying Lender, but on that date that Lender is
not or has ceased to be a Qualifying Lender other than as a result of any
change after the date it became a Lender under this Agreement in (or in the
interpretation, administration, or application of) any law or treaty, or any
published practice or concession of any relevant taxing authority; or
	 
	 	(ii)	 	the relevant Lender is a Qualifying Lender that has failed to
comply with its obligations under paragraph (g) below.

	 	(e)	 	If an Obligor is required to make a Tax Deduction, that Obligor shall make
that Tax Deduction and any payment required in connection with that Tax Deduction
within the time allowed and in the minimum amount required by law.
	 
	 	(f)	 	Within thirty (30) days of making either a Tax Deduction or any payment
required in connection with that Tax Deduction, the Obligor making that Tax Deduction
shall deliver to the Agent for the Finance Party entitled to the payment evidence
reasonably satisfactory to that Finance Party that the Tax Deduction has been made or
(as applicable) any appropriate payment paid to the relevant taxing authority.
	 
	 	(g)	 	A Qualifying Lender and each Obligor which makes a payment to which that
Qualifying Lender is entitled shall co-operate in completing any procedural formalities
necessary for that Obligor to obtain authorization to make that payment without a Tax
Deduction. Each Qualifying Lender shall provide the Company on or before the first day
upon which the Company is to make a payment to or for the account of a Qualifying
Lender and, thereafter on a yearly basis (or more frequently if required by the Spanish
tax legislation), with a tax residence certificate duly issued by the tax authorities
of its jurisdiction of residence accrediting that Lender as resident for tax purposes
in such jurisdiction or if such Qualifying Lender is a Treaty Lender, with a tax
residence certificate

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	 	 	 	duly issued by the relevant authorities accrediting such Lender as resident in a
Treaty State.

	 	 	 	If in the reasonable opinion of the Company the certificate of residence delivered
to it by a Qualifying Lender is not correct pursuant to Spanish tax legislation and,
therefore, does not allow it to make payments without a Tax Deduction, it shall
notify the relevant Qualifying Lender within the five (5) days immediately after its
receipt, requesting the delivery of a new certificate of residence. The relevant
Qualifying Lender shall deliver to the Company an amended certificate of tax
residence as soon as reasonably practicable and, in any case, before any payment
from the Company to such Qualifying Lender becomes due. If the relevant Qualifying
Lender does not submit the amended certificate of residence on time, it will be
treated by the Company as a non-Qualifying Lender, not being entitled to receive an
increased payment under paragraph (c) above until such time as that Qualifying
Lender delivers to the Company a correct certificate of residence.

	14.3	 	Tax indemnity

	 	(a)	 	The Company shall (within [three (3)) Business Days of demand by the Agent)
pay to a Protected Party an amount equal to the loss, liability or cost which that
Protected Party determines will be or has been (directly or indirectly) suffered for or
on account of Tax by that Protected Party in respect of a Finance Document.
	 
	 	(b)	 	Paragraph (a) above shall not apply:

	 	(i)	 	with respect to any Tax assessed on a Finance Party:

	 	(A)	 	under the law of the jurisdiction in which that Finance
Party is incorporated or, if different, the jurisdiction (or
jurisdictions) in which that Finance Party is treated as resident for
tax purposes; or
	 
	 	(B)	 	under the law of the jurisdiction in which that Finance
Party’s Facility Office is located in respect of amounts received or
receivable in that jurisdiction,

	 	 	 	if that Tax is imposed on or calculated by reference to the net income
received or receivable (but not any sum deemed to be received or receivable)
by that Finance Party; or
	 
	 	(ii)	 	to the extent a loss, liability or cost:

	 	(A)	 	is compensated for by an increased payment under Clause 14.2
(Tax gross-up); or
	 
	 	(B)	 	would have been compensated for by an increased payment
under Clause 14.2 (Tax gross-up) but was not so compensated solely
because one of the exclusions in paragraph (d) of Clause 14.2 (Tax
gross-up) applied.

	 	(c)	 	A Protected Party making, or intending to make a claim under paragraph (a)
above shall promptly notify the Agent of the event which will give, or has given, rise
to the claim, following which the Agent shall notify the Company.

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	 	(d)	 	A Protected Party shall, on receiving a payment from an Obligor under this
Clause 14.3, notify the Agent.

	14.4	 	Tax credit
	 
	 	 	If an Obligor makes a Tax Payment to a Finance Party and:

	 	(a)	 	a Tax Credit is attributable either to an increased payment of which that
Tax Payment forms part or to that Tax Payment; and
	 
	 	(b)	 	that Finance Party has obtained, utilized and retained that Tax Credit,

	 	 	the Finance Party shall pay an amount to the Obligor which that Finance Party determines
will leave it (after that payment) in the same after-Tax position as it would have been in
had the Tax Payment not been required to be made by the Obligor.
	 
	14.5	 	Value Added Tax

	 	(a)	 	All amounts set out, or expressed to be payable under a Finance Document by
any Party to a Finance Party which (in whole or in part) constitute the consideration
for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such
supply, and accordingly, subject to paragraph (c) below, if VAT is chargeable on any
supply made by any Finance Party to any Party under a Finance Document, that Party
shall pay to the Finance Party (in addition to and at the same time as paying the
consideration) an amount equal to the amount of the VAT (and such Finance Party shall
promptly provide an appropriate VAT invoice to such Party).
	 
	 	(b)	 	If VAT is chargeable on any supply made by any Finance Party (the
“Supplier”) to any other Finance Party (the “Recipient”) under a Finance Document, and
any Party (the “Relevant Party”) is required by the terms of any Finance Document to
pay an amount equal to the consideration for such supply (rather than being required to
reimburse the Recipient in respect of that consideration), such Party shall also pay to
the Supplier (in addition to and at the same time as paying such amount) an amount
equal to the amount of such VAT. The Recipient will promptly pay to the Relevant Party
an amount equal to any credit or repayment from the relevant tax authority which it
reasonably determines relates to the VAT chargeable on that supply.
	 
	 	(c)	 	Where a Finance Document requires any Party to reimburse a Finance Party for
any costs or expenses, that Party shall also at the same time pay and indemnify the
Finance Party against all VAT incurred by the Finance Party in respect of the costs or
expenses to the extent that the Finance Party reasonably determines that neither it nor
any other member of any group of which it is a member for tax purposes is entitled to
credit or repayment from the relevant tax authority in respect of the VAT.

	15.	 	INCREASED COSTS
	 
	15.1	 	Increased costs

	 	(a)	 	Subject to Clause 15.3 (Exceptions) the Company shall, within three (3)
Business Days of a demand by the Agent, pay for the account of a Finance Party the

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	 	 	 	amount of any increased costs incurred by that Finance Party or any of its
affiliates as a result of (i) the introduction of or any change in (or in the
interpretation, administration or application of) any law or regulation, or (ii)
compliance with any law or regulation made after the date of this Agreement.

	 	(b)	 	In this Agreement “Increased Costs” means:

	 	(i)	 	a reduction in the return of a Finance Party (or its Subsidiaries)
in relation to the Facilities or in relation to the shareholders’ equity of
such Finance Party;
	 
	 	(ii)	 	an additional or increased cost; or
	 
	 	(iii)	 	a reduction of any amount due and payable under any Finance
Document,

	 	 	 	which is incurred or suffered by a Finance Party or any of its subsidiaries to the
extent that it is attributable to that Finance Party having entered into its
Commitment or funding or performing its obligations under any Finance Document.
	 
	 	 	 	In turn, in the event a Finance Party or any of its subsidiaries should benefit from
a cost reduction as a result of (i) the introduction of any modification into (or in
the interpretation, administration or application of) any law or regulation, or (ii)
compliance with any law or regulation made after the date of this Agreement, the
Finance Parties shall compensate the Company for the increased income.

	15.2	 	Increased cost claims

	 	(a)	 	A Finance Party intending to make a claim pursuant to Clause 15.1 (Increased
costs) shall notify the Agent of the event giving rise to the claim, following which
the Agent shall promptly notify the Company.
	 
	 	(b)	 	Each Finance Party shall, as soon as practicable after a demand by the
Agent, provide a certificate confirming the amount of its Increased Costs.

	15.3	 	Exceptions
	 
	 	 	Clause 15.1 (Increased costs) does not apply to the extent any Increased Cost is:

	 	(i)	 	attributable to a Tax Deduction required by law to be made by an
Obligor; or
	 
	 	(ii)	 	compensated for by Clause 14.3 (Tax indemnity) (or would have been
compensated for under Clause 14.3 (Tax indemnity) but was not so compensated
solely because any of the exclusions in paragraph (b) of Clause 14.3 (Tax
indemnity) applied).

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	16.	 	OTHER INDEMNITIES
	 
	16.1	 	Currency indemnity

	 	(a)	 	If any sum due from an Obligor under the Finance Documents (a “Sum”), or any
order, judgment or award given or made in relation to a Sum, has to be converted from
the currency (the “First Currency”) in which that Sum is payable into another currency
(the “Second Currency”) for the purpose of:

	 	(i)	 	making or filing a claim or proof against that Obligor; or
	 
	 	(ii)	 	obtaining or enforcing an order, decision, legal judgment or award
in relation to any litigation or arbitration proceedings,

	 	 	 	that Obligor shall as an independent obligation, within three (3) Business Days of
demand, indemnify the Finance Parties and each Lender to whom that Sum is due
against any cost, loss or liability arising out of or as a result of the conversion
including any discrepancy between (A) the rate of exchange used to convert that Sum
from the First Currency into the Second Currency and (B) the rate of exchange
available to that person at the time of its receipt of that Sum.
	 
	 	(b)	 	Each Obligor waives any right it may have in any jurisdiction to pay any
amount under the Finance Documents in a currency or currency unit other than the euro.

	16.2	 	Other indemnities
	 
	 	 	The Company shall (or shall procure that an Obligor will), within three (3) Business Days of
demand, indemnify the Finance Parties and each other Secured Party against any cost, loss or
liability incurred by it as a result of:

	 	(a)	 	the occurrence of any Event of Default;
	 
	 	(b)	 	a failure by an Obligor to pay any amount due under a Finance Document on
its due date, including without limitation, any cost, loss or liability arising as a
result of Clause 29 (Sharing among the Finance Parties);
	 
	 	(c)	 	funding, or making arrangements to fund, its participation in a Loan
requested by the Company in a Loan Request but not made by reason of the operation of
any one or more of the provisions of this Agreement (other than by reason of default or
negligence by that Finance Party alone); or
	 
	 	(d)	 	a Loan (or part of a Loan) not being prepaid in accordance with a notice of
prepayment given by the Company.

	16.3	 	Indemnity to the Agent

	 	(a)	 	The Company shall promptly indemnify the Agent against any cost, loss or
liability incurred by the Agent (acting reasonably) as a result of:

	 	(i)	 	investigating any event which it reasonably believes is a Event of
Default;
	 
	 	(ii)	 	acting or relying on any notice, request or instruction which it
reasonably believes to be genuine, correct and appropriately authorized;

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	 	(iii)	 	the exercise of any of the rights, powers, discretions and
remedies vested in the Agent by the Finance Documents or by law; or

	 	(iv)	 	any Event of Default by an Obligor in the performance of any of the
obligations expressed to be assumed by it in the Finance Documents.

	17.	 	MITIGATION BY THE LENDERS
	 
	17.1	 	Mitigation

	 	(a)	 	Each Finance Party shall, in consultation with the Company, take all
reasonable steps to mitigate any circumstances which arise and which would result in
any amount becoming payable under or pursuant to, or cancelled pursuant to, any of
Clause 7.1 (Illegality), Clause 14 (Tax gross-up and indemnities) or Clause 15
(Increased Costs) including (but not limited to) transferring its rights and
obligations under the Finance Documents to another Subsidiary or Facility Office.
	 
	 	(b)	 	Paragraph (a) above does not in any way limit the obligations of any Obligor
under the Finance Documents.

	17.2	 	Limitation of liability

	 	(a)	 	The Company shall indemnify each Finance Party for all costs and expenses
reasonably incurred by that Finance Party as a result of steps taken by it under Clause
17.1 (Mitigation).
	 
	 	(b)	 	A Finance Party is not obliged to take any steps under Clause 17.1
(Mitigation) if, in the opinion of that Finance Party (acting reasonably), to do so
might be prejudicial to it.

	18.	 	COSTS AND EXPENSES
	 
	18.1	 	Transaction expenses
	 
	 	 	The Company shall promptly on demand pay the Agent and the Finance Parties the amount of all
costs and expenses (including legal fees) reasonably incurred by any of them in connection
with the negotiation, preparation, printing, execution, notarization and syndication of:

	 	(a)	 	this Agreement and any other documents referred to in this Agreement;
(except for (i) the assignment fee established in Clause 25.3 (Assignment fee), and
(ii) the costs arising from the constituting of the guarantees referred to in Clause
25.4 (Constituting of guarantees over the Lenders’ credit rights)); and
	 
	 	(b)	 	any other Finance Documents executed after the date of this Agreement.

	18.2	 	Amendment costs
	 
	 	 	If any request is made for an amendment, waiver or consent or similar in respect of the
Finance Documents, the Company shall, within three (3) Business Days of demand, reimburse
the Agent for the amount of all previously agreed costs and expenses (including legal fees)
reasonably incurred by the Agent in responding to, evaluating, negotiating or complying with
that request.

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	18.3	 	Enforcement and preservation costs
	 
	 	 	The Company shall, within three (3) Business Days of demand, pay to the Finance Parties the
amount of all reasonable costs and expenses (including legal fees) incurred by it in
connection with the enforcement of or the preservation of any rights under any Finance
Document (providing, in the case of litigation, the corresponding judgment or award is not
unfavorable).

SECTION 7

GUARANTEE

	19.	 	JOINT AND SEVERAL GUARANTEE
	 
	19.1	 	Personal guarantee
	 
	 	 	Each Guarantor irrevocably and unconditionally jointly and severally guarantees, as a first
demand abstract guarantee (and not as a bond as established in sections 1822 et seq. of the
Spanish Civil Code), to each Finance Party in the broadest manner permitted by law taking
into account any regulations applicable to such end, the complete and punctual performance
of the entirety of the payment obligations (whether for principal, ordinary interest,
default interest, fees, indemnizations, costs or any other item) attributable to the Company
by virtue of the Finance Documents (notwithstanding the Company’s patrimonial universal
pecuniary liability) in the terms established in this Clause (hereinafter, for the purposes
of this Clause 19 (Joint and several guarantee), the “Secured Obligations”).
	 
	 	 	Therefore, the obligations assumed by the Guarantors by virtue of this Clause 19 (Joint and
several guarantee), are of an abstract and autonomous nature, and therefore will not be
affected and will remain fully valid and in force even in the event any of the obligations
assumed thereunder is null and void at origin or subsequently annulled, even in a situation
of insolvency affecting the Obligors.
	 
	 	 	The Finance Parties expressly accept the guarantee provided, in the terms and conditions
established in this Clause 19 (Joint and several guarantee).
	 
	 	 	The right corresponding to each of the Finance Parties under this guarantee will be
proportional to their participation in the financing.
	 
	19.2	 	Continuing guarantee
	 
	 	 	This guarantee shall only cease to be in force on the ordinary or early termination of the
Agreement and payment of all amounts owed by the Company by virtue of the same, without the
fact that the Finance Parties might make a claim under this guarantee restricting its right
to subsequent claims while it continues to be in force.
	 
	19.3	 	Waiver of exceptions
	 
	 	 	Bearing in mind the abstract and autonomous nature of the guarantee granted herein, no
application will be made of exceptions of any type which might arise from the relationship
between the Finance Parties and the Guarantors and/or the Company, leaving aside “exceptio
doli” (and, as a clearer example, either the receipt prior to the enforcement of the
guarantees by the Finance Parties of the full payment of the Secured

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	 	 	Obligations, or the enforcement of the guarantees without any outstanding amount existing
under the Finance Documents).

	 	 	This guarantee will under no circumstances be altered, cancelled or replaced, as a result of
arrangements the Finance Parties might reach with the Company within the framework of
insolvency proceedings, the obligation of the Guarantors remaining invariable in the terms
agreed, as if such action had not occurred.
	 
	 	 	The Guarantors expressly provide their consent to any assignments the Finance Parties might
make in accordance with the provisions of Clause 25 (Changes to the Lenders), expressly
stating that none of the terms of the guarantee provided shall be affected by any possibly
assignments. Furthermore, the Guarantors authorize the Finance Parties to grant the Company
any extensions or deferrals they deem appropriate, without this affecting the guarantee they
have constituted.
	 
	19.4	 	Guarantor intent
	 
	 	 	The Guarantors constitute this guarantee in favor of the Finance Parties irrevocably and
jointly and severally, and therefore each one of them may be the object of separate,
independent enforcement from each other, and for the total of the Secured Obligations.
	 
	19.5	 	Immediate recourse
	 
	 	 	The Finance Parties or the Agent (as corresponds in accordance with the provisions of the
following paragraph) may request fulfillment of the Secured Obligations directly from the
Guarantors with no need for any prior claim against the Company, or a joint claim against
the Company and/or the Guarantors.
	 
	 	 	Should the Majority Lenders thus decide, any claims to be made under this guarantee shall be
made by the Agent acting on behalf of the Finance Parties (and where not possible for and
Lender/s, always through the relevant joint enforcement procedure). Moreover, once a period
of thirty (30) days has elapsed in which an Event of Default has occurred due to any of the
reasons set forth in this Agreement (including through the ordinary or early maturity of
payment obligations) without the Majority Lenders having opted for the early maturity of the
Facilities and the subsequent enforcement of the guarantee granted herein, each one of the
Lenders will in such case be entitled individually to enforce this guarantee.
	 
	 	 	The Guarantors shall immediately proceed to pay the amounts claimed by the Agent or by any
of the Finance Parties, as applicable, under this guarantee, having to pay such amounts
within the maximum period of four (4) Business Days (during which default interest shall
accrue on the amounts due pursuant to the provisions of Clause 10.3 (Default interest)),
counting from receipt of the request from the Agent or one of the Finance Parties by the
Guarantor in question, by depositing the amounts in the account of the Agent the latter has
notified at such time in writing to the Guarantor in question.
	 
	 	 	In order to determine the amounts the Finance Parties may claim under this guarantee from
time to time, the Guarantors expressly ratify the system of determining the amounts owned by
the Company set forth in Clause 33 (Calculations and Certificates).
	 
	19.6	 	Deferral of Guarantors’ rights
	 
	 	 	In any event, any debt which, through the enforcement of the guarantee contained in this
Clause, should arise in favor of the Guarantors in respect of the Company or the other

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	 	 	Guarantors, in particular by virtue of the provisions of section 1.212 of the Spanish Civil
Code, will be automatically subordinated to the obligations arising from this Agreement.

	19.7	 	Guarantee Limitations
	 
	 	 	Notwithstanding any other provision of any Finance Document:

	 	(a)	 	Spanish entities:
	 
	 	 	 	Any guarantee, indemnity, obligation and liability granted, incurred, undertaken,
assumed or otherwise agreed by any Spanish Obligor shall not include and shall not
extend to any obligation incurred by any other Obligor. The parties expressly agree
that the Secured Obligations will not include any obligations or amounts which,
where guaranteed in accordance with this document, might give rise to alleged
unlawful financial assistance, as specifically contemplated in section 81 of Spanish
Royal Decree 1564/1989 dated December 22, 1989 (Ley de Sociedades Anónimas) or, as
the case may be, section 40.5 of the Spanish Act 2/1995, dated March 23, 1995 (Ley
de Sociedades de Responsabilidad Limitada) and if and to the extent that may be the
case, the said guarantees and other obligations and liabilities will be deemed not
to have been granted, incurred, undertaken, assumed or otherwise agreed.
	 
	 	(b)	 	Other limitations:
	 
	 	 	 	The scope of the guarantee granted by each Additional Guarantor will be limited,
where applicable, by the terms established in the corresponding Accession Letter and
will correspond solely and exclusively to any limitations of an imperative nature
demandable pursuant to corporate regulations in the corresponding Relevant
Jurisdiction.
	 
	 	 	 	The Secured Obligations shall not extend to those obligations the securing of
which might imply an infringement of any corporate regulations applicable in the
jurisdiction to which the Guarantor is subject.
	 
	 	 	 	Finally, the Parties agree that any limitation established by virtue of this Clause
19.7 (Guarantee limitations) must also be observed in relation to each one of the
Guarantors (as applicable) regarding any payment obligation arising from and/or in
relation to the Finance Documents.

SECTION 8

REPRESENTATIONS & WARRANTIES, UNDERTAKINGS AND EVENTS OF DEFAULT

	20.	 	REPRESENTATIONS & WARRANTIES
	 
	20.1	 	General

	 	(a)	 	Each Obligor makes the representations and warranties set out in this Clause
20 to each Finance Party.

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	 	(b)	 	The representations and warranties set out in this Clause 20 are qualified
by knowledge (having made due and careful enquiries) of the management of the Company
or respective Obligor.

	20.2	 	Status and power

	 	(a)	 	The Obligors are corporations duly incorporated and validly existing under
the law of its jurisdiction of incorporation or establishment.

	 	(b)	 	Each Obligor has the power to own its assets and carry on its business as it
is being conducted.

	20.3	 	Validity of Finance Documents and binding obligations

	 	 	Subject to the Legal Reservations, the obligations assumed by each Obligor in each Finance
Document to which it is a party are legal, valid, binding and enforceable in Spain and in
the jurisdictions where they were constituted.

	20.4	 	Non-conflict with other obligations

	 	 	The entry into and performance by each Obligor of, and the transactions contemplated by, the
Finance Documents to which it is a party do not and will not conflict with:

	 	(a)	 	any law or regulation applicable to it;

	 	(b)	 	its corporate, constitutional and/or organizational documents; or

	 	(c)	 	any agreement or instrument binding upon each Obligor or any member of the
Group or which affects any assets of the Group;

	 	 	in each case to the extent which has or is reasonably likely to have a Material Adverse
Effect.

	20.5	 	Power and authority

	 	 	Each Obligor has taken all necessary actions to authorize its entry into, performance and
delivery of, the Finance Documents to which it is a party and the transactions contemplated
by those Finance Documents.

	20.6	 	Relationship between parties
	 
	 	 	The Obligors act on their own account and not as an agent for any other Party.
	 
	20.7	 	Validity and efficacy

	 	(a)	 	Subject to the Legal Reservations, all Authorizations required:

	 	(i)	 	to enable each Obligor lawfully to enter into, exercise its rights
and comply with its obligations in the Finance Documents to which it is a
party; and
	 
	 	(ii)	 	to make the Finance Documents to which it is a party legally
admissible, valid, effective and enforceable in its Relevant Jurisdictions,

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	 	 	 	have been obtained or effected and are in full force and effect.

	 	(b)	 	All Authorizations necessary for the conduct of the business, trade and
ordinary activities of members of the Group have been obtained or effected and are in
full force and effect, except for those whose lack of efficacy would not imply a
Material Adverse Effect.

	20.8	 	Governing law and enforcement

	 	(a)	 	Subject to the Legal Reservations, the choice of governing law of the
Finance Documents will be recognized and enforced in their jurisdictions of
constitution.
	 
	 	(b)	 	Subject to the Legal Reservations, any judgment obtained in relation to a
Finance Document in the jurisdiction of the governing law of that Finance Document will
be recognized and enforced in its jurisdictions of constitution.

	20.9	 	Insolvency

	 	 	No:

	 	(a)	 	corporate action, legal proceeding or other procedure or action described in
paragraph (a) of Clause 24.7 (Insolvency proceedings) (but subject to paragraph (b) of
Clause 24.7 (Insolvency proceedings)); or
	 
	 	(b)	 	process described in Clause 24.8 (Creditors’
process),

	 	 	has been taken or pending in relation to an Obligor and none of the circumstances described
in Clause 24.6 (Insolvency) applies to an Obligor.

	20.10	 	Deduction of Tax

	 	 	It is not required to make any deduction for or on account of Tax from any payment it may
make under any Finance Document to any Qualifying Lender provided that such Qualifying
Lender complies with the obligations under Clause 14.2 (Tax gross-up).

	20.11	 	No Event of Default

	 	 	No Event of Default has been caused or is continuing as a result of entering into the
Finance Documents or the making of any Loan.

	20.12	 	No obligation to file

	 	 	Subject to the Legal Reservations, under the law of their jurisdictions of incorporation it
is not necessary that the Finance Documents be filed, recorded or enrolled with any court or
other authority in that jurisdiction or that any stamp, registration or similar tax be paid
on or in relation to the Finance Documents or the transactions contemplated by the Finance
Documents.

	20.13	 	Fulfillment of taxation obligations

	 	(a)	 	The Obligors are not materially overdue in the filing of any tax returns and
is they are not overdue in the payment of any amount in respect of Tax.

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	 	(b)	 	No claims or investigations are being made against the Obligors with respect
to Taxes which would have a Material Adverse Effect.

	20.14	 	Information

	 	(a)	 	Any factual information provided by any Obligor for the purposes of this
Agreement was true and accurate in all material respects as at the date it was
provided.
	 
	 	(b)	 	The financial projections provided to the Arrangers for the purposes of the
negotiation of this Agreement and those contained in the Business Plan have been
prepared on the basis of recent historical information and on the basis of reasonable
assumptions.
	 
	 	(c)	 	Nothing has occurred or been omitted and no information has been given or
withheld in respect of the information provided to the Arrangers which might have a
substantial effect on (i) the analysis of the Company and its Subsidiaries by the
Arrangers, or (ii) the subscribing of this Agreement.

	20.15	 	Financial Statements

	 	(a)	 	The original Financial Statements were prepared in accordance with the
Accounting Principles consistently applied in normal practice.
	 
	 	(b)	 	The Original Financial Statements (consolidated in the case of the Company)
fairly represent the financial condition and operations of the Obligors during the
relevant financial year.
	 
	 	(c)	 	There has been no Material Adverse Change in their business or financial
condition (or the business or consolidated financial condition of the Group, in the
case of the Company).

	20.16	 	No proceedings pending or threatened

	 	 	No litigation, arbitration or administrative proceedings or investigations of, or before,
any court, arbitral body or agency exist the decision of which result in a Material Adverse
Effect, unless such risk is fully covered by insurance.

	20.17	 	No breach of laws

	 	 	The Obligors have not breached any law or regulation (including but not limited to
environmental and social security regulations) which breach has or is reasonably likely to
have a Material Adverse Effect.

	20.18	 	Security, Guarantees and Financial Indebtedness

	 	(a)	 	No Security or Quasi-Security exists over all or any of the present or
future assets of any Obligor other than as permitted in this Agreement.
	 
	 	(b)	 	No Obligor has granted any Guarantee other than as permitted by this
Agreement.
	 
	 	(c)	 	No Obligor has any Financial Indebtedness outstanding other than as
permitted by this Agreement.

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	20.19	 	Pari Passu ranking
	 
	 	 	The payment obligations under the Finance Documents rank at least pari passu with the claims
of all the other unsecured and unsubordinated creditors, except for obligations mandatorily
preferred by law applying to companies generally.
	 
	20.20	 	Insurance
	 
	 	 	The Obligors hold prevailing policies over their assets and for covering possible risks
arising from their business, and are of a nature and provide such coverage as is sufficient
and in any event equivalent to that customarily carried by businesses of the size and
character of such Obligor.
	 
	20.21	 	Property
	 
	 	 	The Obligors hold good and marketable titles and valid rights (as legal and beneficial
owners) over all personal and real property they own or lease and which are necessary for
their business, being able to lawfully occupy and use such property in the ordinary course
of their business.
	 
	20.22	 	Intellectual Property
	 
	 	 	The Obligors:

	 	(i)	 	are the sole legal and beneficial owners of or have licensed to them
all the Intellectual Property which is material in the context of their
business and which is required by them in order to carry on their business as
they are being conducted;
	 
	 	(ii)	 	do not, in carrying on their businesses, infringe any Intellectual
Property of any third party in any respect which would have a Material Adverse
Effect;
	 
	 	(iii)	 	are not aware of any adverse circumstances relating to the
validity, subsistence or use of Intellectual Property by any Obligor which
could have a Material Adverse Effect.

	20.23	 	Times when representations made

	 	(a)	 	All the representations and warranties in this Clause 20 are made by the
Obligors on the date hereof.
	 
	 	(b)	 	The Repeating Representations are deemed to be made by each Obligor on the
date of each Request, on each Loan Date and on the first day of each Interest Period.
	 
	 	(c)	 	The Repeating Representations are deemed to be made by each Additional
Obligor on the day on which it becomes an Additional Obligor.
	 
	 	(d)	 	Each representation or warranty deemed to be made after the date of this
Agreement shall be deemed to be made by reference to the facts and circumstances
existing at the date the representation or warranty is deemed to be made.

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	21.	 	INFORMATION UNDERTAKINGS
	 
	 	 	The undertakings in this Clause 21 will be in force and applicable from the date of this
Agreement for so long as any amount is outstanding under the Finance Documents or any
Commitment is in force.
	 
	 	 	Bearing in mind the position of the Company as an entity listed on the U.S. NASDAQ, the
information undertakings and periods contained in this Clause should be met by the Obligors
in terms so that under no circumstances might they or could they imply any non-fulfillment
of their obligations arising from such positions.
	 
	21.1	 	Financial statements
	 
	 	 	The Company shall supply to the Agent in sufficient copies for all Lenders:

	 	(a)	 	as soon as they are available, but in any event within one hundred twenty
(120) days after the end of each Financial Year: (i) the audited consolidated Financial
Statements for that Financial Year of the Company, and (ii) the consolidated pro forma
Financial Statements;
	 
	 	(b)	 	as soon as available (taking into account any statutory time limit for
preparation) the Financial Statements of any other Obligor (audited to the extent
required by law) for a particular Financial Year if requested by the Agent;
	 
	 	(c)	 	the consolidated Financial Statements of the Company for each complete
financial quarter, as soon as they are available, but in any event within sixty (60)
days of the end of each corresponding quarter.

	21.2	 	Provision and contents of Ratio Compliance Certificates

	 	(a)	 	The Company shall supply a Ratio Compliance Certificate, duly signed by a
Certifying Officer, to the Agent within sixty (60) days after the last day of the
quarter ending on 30 June and a Ratio Compliance Certificate signed by a Certifying
Officer and duly verified in writing by the Auditors and addressed to the Agent within
a period of one hundred and fifty (150) days counting from the last day of the
corresponding Financial Year.
	 
	 	(b)	 	Each Ratio Compliance Certificate shall set out (in reasonable detail), in
each case as at the last day of the applicable quarter or Financial Year to which that
Ratio Compliance Certificate relates computations showing compliance with Clause 22
(Financial Covenants). In addition, the Ratio Compliance Certificate delivered in
respect of each Financial Year should establish the determining of the existence of any
Material Subsidiary to be turned into an Additional Guarantor, in order to comply with
the Coverage of the Guarantors required and, if applicable, the existence of any
Subsidiary which might cease to be a Guarantor, also in accordance with the Coverage of
the Guarantors required. In the case of the Ratio Compliance Certificate relating to
the closure of each Financial Year, this must in turn contain a breakdown, for each
Obligor, of the total income contributed, the EBITDA contributed and the assets of each
of them.

	21.3	 	Requirements as to financial statements

	 	(a)	 	The Company shall procure that each set of Financial Statements includes any
information submitted to any regulatory agencies in compliance with applicable

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	 	 	 	regulations (if any). In addition the Company shall procure that each set of Annual
Financial Statements shall be audited by the Auditors.

	 	(b)	 	Each set of Financial Statements delivered pursuant to Clause 21.1
(Financial statements):

	 	(i)	 	shall be certified by a Certifying Officer of the relevant Obligor
as giving a true and fair view of (in the case of Annual Financial Statements
for any Financial Year), or fairly representing (in other cases), its financial
condition and operations as at the date as at which those Financial Statements
were drawn up and, in the case of the Annual Financial Statements, shall be
accompanied by an audit report;
	 
	 	(ii)	 	shall be prepared in accordance with the accounting principles
applicable to the corresponding entity in accordance with the legal regulations
of the Relevant Jurisdiction in question (which in the case of the company will
be the Accounting Principles) and financial reference periods consistent with
those applied in the preparation of the Original Financial Statements unless,
in relation to any set of Financial Statements, the Company notifies the Agent
that there has been a change in the Accounting Principles applied; and
	 
	 	(iii)	 	shall include sufficient information, in form and substance
reasonably satisfactory to the Agent, to enable the Lenders to determine
whether Clause 22 (Financial covenants) has been complied with and to determine
the Margin.

	21.4	 	Notification of default

	 	(a)	 	Each Obligor shall notify the Agent of any Event of Default (and the steps,
if any, being taken to remedy it) promptly upon becoming aware of its occurrence
(unless that Obligor is aware that a notification has already been provided by another
Obligor).
	 
	 	(b)	 	Promptly upon a request by the Agent (if the Agent has reasonable grounds
for believing that an Event of Default has occurred) the Company shall supply to the
Agent a certificate signed by a Certifying Officer on its behalf certifying that no
Event of Default is continuing (or if an Event of Default is continuing, specifying the
Event of Default and the steps, if any, being taken to remedy it).
	 
	 	(c)	 	The Company undertakes to inform the Agent immediately of any event of early
maturity occurring under the Permitted DTN Debt Market Transaction.

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	21.5	 	“Know your customer” checks
	 
	 	 	The Company must provide the Agent with any additional information or documentation as is
reasonably requested of it so the Agent and the Finance Parties might comply with the
requisites and standards in respect of “know your customer”.
	 

	22.	 	FINANCIAL COVENANTS
	 
	22.1	 	Financial condition

	 	(a)	 	The Group (excluding Non-Recourse Assets) shall maintain a Leverage Ratio of
lower than the maximum ratio set forth below for the period corresponding to the last
four quarters ending on or prior to the date indicated below:

	 	 	 
	Period	 	Ratio
	Until 30 June 2010
	 	3.50x
	 	 	 
	From 1 July 2010 to 31 December 2010
	 	3.00x
	 	 	 
	From 1 January 2011 to 31 December 2011
	 	2.75x
	 	 	 
	Thereafter
	 	2.50x

	 	 	 	The Permitted DTN Debt Market Transaction will be excluded from the calculation of
the Leverage Ratio when (i) the obligations thereunder continue to be contractually
subordinated to the obligations under Finance Documents in the terms set forth in
Schedule 5 (DTN subordination terms) and (ii) the maturity of such transaction is
less than one year after the Maturity date.
	 
	 	(b)	 	The Group (excluding Non-Recourse Assets) shall maintain an Interest Cover
Ratio of at least the minimum ratio set forth below for each period corresponding to
the last four quarters ending on or prior to the date indicated below:

	 	 	 
	Period	 	Ratio
	Until 31 December 2011
	 	3.50x
	 	 	 
	From 1 January 2012 to 31 December 2012
	 	3.75x
	 	 	 
	Thereafter
	 	4.00x

	22.2	 	Financial testing
	 
	 	 	The financial covenants set out in Clause 22.1 (Financial condition) shall be calculated in
accordance with the Accounting Principles and tested by reference to the applicable
Financial Statements closed on 30 June and at the end of each Financial Year, respectively,
and shall be subsequently attached to each ratio Compliance Certificate.

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	22.3	 	Accounting changes
	 
	 	 	The Parties agree that in the event the Company should decide to amend its accounting
practices in order to apply IFRS (International Financial Reporting Standards) regulations
or a material amendment to the Accounting Principles takes place due to legislation, the
definition of Accounting Principles will mean those accounting principles generally accepted
in accordance with such amendments on the date on which such application is decided. In
these cases, providing the said amendments substantially affect the financial ratios
included in Clause 22.1, such ratios will be amended by the Company and the Finance Parties
based on negotiations in good faith.
	 
	 	 	Notwithstanding the foregoing, the definition of Financial Lease contained in this Agreement
will be interpreted at all times in accordance with Accounting Principles applicable on the
date of this Agreement in respect of the amounts of the Financial Leases which have been
subscribed prior to the date of this Agreement and those subscribed subsequent to the
accounting change referred to in the previous paragraph. As a result, notwithstanding the
fact that the Financial Leases subscribed as from the accounting change in question should
be treated as such accounting change establishes, those subscribed up to such date will
receive, for the effects of this Agreement (exclusively), the accounting treatment
established by the Accounting Principles prevailing on the date of this Agreement.
	 

	23.	 	GENERAL UNDERTAKINGS
	 
	 	 	The undertakings in this Clause 23 remain in force from the date of this Agreement for so
long as any amount is outstanding under the Finance Documents or any Commitment is in force.
	 
	23.1	 	Authorizations
	 
	 	 	Subject to the applicable Legal Reservations, each Obligor shall promptly obtain, comply
with and do all that is necessary to maintain in full force and effect any Authorization
required by applicable regulations of the Relevant Jurisdiction which:

	 	(i)	 	enable it to perform its obligations under the Finance Documents to
which it is a party;
	 
	 	(ii)	 	ensure the legality, validity, enforceability or admissibility of
any Finance Document to which it is a party; and
	 
	 	(iii)	 	enable it to own its assets and to carry on its business (where
failure to obtain or comply with those Authorizations is reasonably likely to
have a Material Adverse Effect).

	23.2	 	Compliance with laws
	 
	 	 	Each Obligor shall (and the Company shall ensure that each member of the Group will) comply
in all respects with all laws (including, without limitation, environmental and social
security regulations) to which it may be subject, if failure so to comply would cause a
Material Adverse Effect.
	 
	 	 	Furthermore, as a continuation of the foregoing, the Company must comply (and ensure that
others) comply with any corporate regulations applicable due to the implementing of the
Corporate Restructuring, as well as comply with all requisites imposed by any

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	 	 	documents which are mandatorily required in order to enable this Corporate Restructuring.

	23.3	 	Taxation
	 
	 	 	Each Obligor shall (and the Company shall ensure that each member of the Group will) pay and
discharge all Taxes imposed upon it or its assets within the time period allowed without
incurring penalties unless and only to the extent that:

	 	(i)	 	such payment is being contested in good faith by the corresponding
entity through any means admitted by law; and
	 
	 	(ii)	 	such payment can be lawfully withheld; or
	 
	 	(iii)	 	failure to pay those Taxes does not have or is not reasonably
likely to have a Material Adverse Effect.

	23.4	 	Line of business and assets

	 	(a)	 	The Obligors shall at all times maintain sufficient title over the tangible
and intangible assets necessary for them to conduct their business as carried on at the
date of this Agreement.
	 
	 	(b)	 	No entity belonging to the Group shall make any material change in the
nature or conduct of its business as carried on at the date of this Agreement.

	23.5	 	Joint ventures

	 	(a)	 	Except for Permitted Joint Ventures and Permitted Transactions, no Obligor
shall (and the Company shall ensure that no wholly owned Subsidiary will):

	 	(i)	 	enter into, invest in or acquire (or agree to acquire) any shares,
stocks, securities or other interest in any Joint Venture; or
	 
	 	(ii)	 	transfer any assets or lend to or guarantee or give an indemnity
for or give Security for the obligations of a Joint Venture or maintain the
solvency of or provide working capital to any Joint Venture.

	23.6	 	Disposals
	 
	 	 	Except for Permitted Transactions, Disposals of assets (in a single transaction or a
series of transactions, whether related or not and whether voluntary or involuntary) by the
Obligors shall by limited to Disposals of assets for an overall value of fifty million euros
(€50,000,000.00) so long as any amount is outstanding under the Finance Documents or any
Commitment is in force unless approved by the Majority Lenders. The Obligors have to fully
reinvest the proceeds from any Disposal in excess of five million euros (€5,000,000.00) per
year within six (6) months in assets attached to the ordinary course of any of the Obligors’
businesses, or otherwise applied in full to prepay the Facilities as set forth herein.

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	23.7	 	Preservation of assets
	 
	 	 	Each Obligor shall (and the Company shall ensure that each wholly owned Subsidiary will)
maintain in good working order and condition (ordinary wear and tear excepted) all of its
assets necessary or desirable in the conduct of its business.
	 
	23.8	 	Negative pledge
	 
	 	 	Other than Permitted Security, Permitted Transactions or those relating to Non-Recourse
Assets, no Obligor shall create, allow or extend any Security, Quasi-Security, charge or any
other preferential encumbrance over any of its assets in circumstances where the transaction
is entered into as a method of raising debt or financing an asset on their own property and
rights in favor of third-party creditors.
	 
	23.9	 	Pari passu ranking
	 
	 	 	Each Obligor shall ensure that at all payment obligations under the Finance Documents rank
at least pari passu with the other liabilities of the Obligors regarding its other unsecured
and unsubordinated creditors except those creditors whose claims are mandatorily preferred
by laws of general application to companies.
	 
	23.10	 	Merger
	 
	 	 	The Company shall not (and shall ensure that no member of the Group will) enter into any
merger, demerger, consolidation, reorganization or corporate restructuring except for
Permitted Transactions.
	 
	23.11	 	Arm’s length basis
	 
	 	 	No Obligor shall (and the Company shall ensure that no wholly owned Subsidiary will)
enter into any transaction with any person except under negotiations in good faith in
reasonable arm’s length terms applicable to independent parties.
	 
	23.12	 	Loans and Financial Indebtedness
	 
	 	 	Except for Permitted Loans or Permitted Financial Indebtedness, no Obligor shall be a
creditor in respect of any Financial Indebtedness.
	 
	23.13	 	No personal guarantees

	 	(a)	 	Except for Permitted Guarantees, no Obligor shall incur or allow to remain
outstanding any personal guarantee in respect of any obligation of any person.

	23.14	 	Dividends and share redemption

	 	(a)	 	Except as permitted under paragraph (b) below, the Company may not:

	 	(i)	 	declare, make or pay any dividend, charge, fee or other distribution
(or interest on any unpaid dividend, charge, fee or other distribution)
(whether in cash or in kind) on or in respect of its share capital;
	 
	 	(ii)	 	repay or distribute any dividend or share premium reserve; or

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	 	(iii)	 	pay or allow any member of the Group to pay any management,
administrative, advisory or other fee to or to the order of any of the
shareholders of the Company, unless done in reasonable arm’s length terms.

	 	 	 	(each a “Shareholder Payment”)
	 
	 	(b)	 	Notwithstanding the foregoing, the following will not be considered to be
Shareholder Payments, and will therefore not be prohibited:

	 	(i)	 	the payment of a dividends for up to an amount
equivalent to 50% of the Company net profits as set forth in the most
recent Annual Financial Statements corresponding to the previous Financial
Year; provided that no Event of Default shall have occurred as set forth in
Clauses 24.1 (Non-payment) and  24.2 (Financial covenants); and
	 
	 	(ii)	 	paying, or enabling any Group company to pay,
management fees and commissions to Abengoa S.A., in reasonable arm’s length
terms in accordance with past practice of the Group.

	23.15	 	Payments

	 	(a)	 	No Obligor shall make payments under operating leases above twenty-five
million euros (€ 25,000,000.00) per annum in the aggregate.

	23.16	 	Insurance

	 	(a)	 	Each Obligor shall maintain insurance on and in relation to its business and
assets against those risks associated with its business and to the extent as is
customary for companies of its size and/or carrying on the same or substantially
similar business.
	 
	 	(b)	 	All insurance must contracted be with reputable independent insurance
companies or underwriters.

	23.17	 	Financial assistance
	 
	 	 	Each Obligor shall (and the Company shall procure each wholly owned Subsidiary will) comply
in all respects with any applicable law or regulation in any Relevant Jurisdiction
concerning financial assistance, corporate interest, and any other similar benefit of an
obligatory nature which might be applicable in relation to the execution of the Finance
Documents and payment of amounts due under this Agreement.
	 
	23.18	 	Hedging

	 	(a)	 	The Obligors shall put in place the hedging strategy of the Company (to cover
at least 80% of Facility A) as agreed in the Hedging Structure Letter, within three (3)
months from the date of this Agreement.
	 
	 	(b)	 	No Obligor Group shall engage in any speculative transaction involving hedging
arrangements.

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	23.19	 	Ratification of guarantees
	 
	 	 	The Guarantors undertake, at the express request of the Agent (when the Agent deems this
necessary and/or appropriate), to ratify the integral nature, validity and efficacy of the
abstract guarantee granted by virtue of the provisions of Clause 19 (Joint and several
guarantee) of this Agreement.
	 

	24.	 	EVENTS OF DEFAULT
	 
	 	 	Each of the events or circumstances set out in this Clause 24 is an Event of Default (save
for Clause 24.16 (Acceleration).
	 
	24.1	 	Non-payment
	 
	 	 	An Obligor does not pay on the due date any amount payable pursuant to a Finance Document at
the place at and in the currency in which it is expressed to be payable unless:

	 	(a)	 	its failure to pay is caused by:

	 	(i)	 	administrative or technical error; or
	 
	 	(ii)	 	a Disruption Event; and

	 	(b)	 	payment is made within three (3) Business Days of its due date applicable in
accordance with the corresponding Finance Document.

	24.2	 	Financial covenants
	 
	 	 	Any requirement of Clause 22 (Financial covenants) is not satisfied.
	 
	24.3	 	Other obligations

	 	(a)	 	In the event any Obligor does not comply with any provision of the Finance
Documents (other than those referred to in Clause 24.1 (Non-payment) and Clause 24.2
(Financial covenants and other)).
	 
	 	(b)	 	In the event of any non-fulfillment by the Company of any obligations
arising from the Finance Documents, including the obligation to comply with the
Coverage of the Guarantors pursuant to Clause 26.2 (Additional Guarantors).
	 
	 	(c)	 	No Event of Default under paragraphs (a) and (b) above will occur if the
failure to comply is capable of remedy and suitable measures are taken therefor within
fifteen (15) Business Days of the Agent giving notice to the Company or the Company or
an Obligor becoming aware of the failure to comply.

	24.4	 	Misrepresentation
	 
	 	 	Any representation or statement made or deemed to be made by an Obligor in the Finance
Documents or any other document delivered by or on behalf of any Obligor under or in
connection with any Finance Document is or proves to have been incorrect or misleading in
any material respect when made or deemed to be made unless the circumstances giving rise to
that incorrectness are capable of remedy and are remedied

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	 	 	within thirty (30) days of the Agent giving notice to the Company or an Obligor becoming
aware thereof.

	24.5	 	Cross default

	 	(a)	 	Any Financial Indebtedness of any Obligor is not paid when due nor within
any originally applicable grace period, or due before its maturity date as a result of
a non-fulfillment which on ordinary maturity is unpaid pursuant to its terms, unless it
is being disputed in good faith by the corresponding Obligor in accordance with
applicable legal means, does not exceed fifteen million euros (€15,000,000)
individually or in the aggregate or does not give rise to the cross default of any
other Financial Indebtedness.
	 
	 	 	 	No Event of Default will take place established under this Clause 24.5(a) if the
aggregate amount of the Financial Debt applicable constitutes debt with
(non-financial) suppliers incurred in the ordinary course of business and amounts to
less than ten million Euros (10,000,000 €) (or its equivalent amount in another
currency).
	 
	 	(b)	 	On the occurrence of (i) any event of early maturity under the Permitted DTN
Debt Market Transaction, or (ii) any amendment to the subordination terms of the
Permitted DTN Debt Market Transaction attached hereto as Schedule 5 (DTN subordination
terms) to this Agreement).

	24.6	 	Insolvency

	 	(a)	 	Any Obligor is unable or admits inability to pay its debts as they fall due
or is deemed to or declared to be unable to pay its debts under applicable law,
suspends making payments on any of its debts when they fall due in general or is in an
insolvency scenario or, by reason of actual or anticipated financial difficulties,
commences negotiations with one or more of its creditors with a view to rescheduling
any of its indebtedness.
	 
	 	(b)	 	A moratorium is declared in respect of any indebtedness of any Obligor. If
a moratorium occurs, the ending of the moratorium will not remedy any Event of Default
caused by that moratorium.

	24.7	 	Insolvency proceedings

	 	(a)	 	Any corporate action, legal proceedings or other procedure or step is taken
in relation to:

	 	(i)	 	a general moratorium, winding-up, dissolution, administration or
reorganization (by way of voluntary arrangement, scheme of arrangement or
otherwise) of any Obligor;
	 
	 	(ii)	 	the appointment of a liquidator, administrative receiver,
administrator, compulsory manager or other similar officer in respect of any
Obligor or any of its assets; or

	 	 	 	any analogous procedure or step is taken in any jurisdiction.
	 
	 	(b)	 	Paragraph (a) shall not apply to:

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	 	(i)	 	any winding-up petition or procedure which is dismissed within
fourteen (14) days of commencement; or
	 
	 	(ii)	 	the circumstances set forth in paragraphs (b), (e), (f) and (g) of
the definition of Permitted Transaction.

	24.8	 	Legal non-compliance
	 
	 	 	If the Company or any Obligor should fail to comply with a final judgment or decision
ordering it to pay, providing the aggregate amount of such non-compliance is above ten
million euros (€10,000,000) and such non-compliance is not remedied within a period of
twenty-eight (28) days.
	 
	24.9	 	Unlawfulness and invalidity
	 
	 	 	Subject to the Legal Reservations:

	 	(a)	 	it is unlawful for an Obligor to perform any of its obligations under the
Finance Documents or any such obligations cease to be effective;
	 
	 	(b)	 	any material obligation of any Obligor under any Finance Documents is not or
ceases to be legal, valid, binding or enforceable and such situation has a Material
Adverse Effect ; or
	 
	 	(c)	 	any Finance Document ceases to be in full force and effect.

	24.10	 	Cessation of business
	 
	 	 	A company of the Group suspends or ceases to carry on all or a material part of its
business, providing such act has a Material Adverse Effect
	 
	24.11	 	Audit qualification
	 
	 	 	The Auditors of the Group qualify the audited annual consolidated Annual Financial
Statements of the Company in any way which has a Material Adverse Effect or refuse to
provide an opinion on the Company Annual Financial Statements.
	 
	24.12	 	Expropriation
	 
	 	 	The authority or ability of any member of the Group to conduct its business is limited by
any expropriation, nationalization, intervention or other action on behalf of any government
or governmental authority or other person in relation to any member of the Group or any of
its assets to an extent that has or is reasonably likely to have a Material Adverse Effect.
	 
	24.13	 	Repudiation and rescission of agreements

An Obligor rescinds or repudiates a Finance Document.
	 
	24.14	 	Litigation
	 
	 	 	Any litigation, arbitration, administrative, governmental, regulatory or other
proceedings are commenced or threatened in relation to the Finance Documents or the
transactions contemplated in the Finance Documents or against any member of the

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	 	 	Group, the matter or amount of which, whether individually or jointly with other
proceedings brought against any member of the Group, might have a Material Adverse Effect if
decide unfavorably, unless the risk arising from such proceedings is effectively covered by
insurance.

	24.15	 	Material adverse change
	 
	 	 	Any event or circumstance occurs which has or is reasonably likely to have a Material
Adverse Effect.
	 
	24.16	 	Acceleration
	 
	 	 	On and at any time after the occurrence of an Event of Default which is continuing the Agent
may, and shall if so directed by the Majority Lenders (without prejudice to the individual
rights of each Lender in respect of their participation in the Loans), by notice to the
Company:

	 	(a)	 	immediately cancel all Commitments pending being loaned;
	 
	 	(b)	 	declare that all or part of the Facility Loans, together with accrued
interest, and all other amounts accrued or outstanding under the Finance Documents be
immediately due and payable;
	 
	 	(c)	 	declare that all or part of the Loans be payable on demand, at which time
they shall immediately become payable on demand by the Agent on the instructions of the
Majority Lenders; and/or
	 
	 	(d)	 	exercise any or all of its rights, remedies, powers or discretions under the
Finance Documents.

	 	 	After the elapsing of a period of thirty (30) days from the date an Event of Default has
occurred without the Majority Lenders having opted for the early maturity of the Facilities,
together with the interest accrued, and all other amounts accumulated or pending payment,
each one of the Lenders will be entitled to bring individually any actions against the
Company it might deem appropriate in order to claim any amount due under this Agreement,
including the enforcement of the guarantee granted in Clause 19 (Personal guarantees).

SECTION 9

CHANGES TO PARTIES

	25.	 	CHANGES TO THE LENDERS
	 
	25.1	 	Assignments by the Lenders

	 	(a)	 	The Lenders may assign part or all of their rights and obligations arising
from any Finance Document to any third party providing the following requisites are
met:

	 	(i)	 	The assignee must be a subsidiary, another bank or financial
institution or a trust fund, fund or other entity normally devoted to the
granting, acquisition or investment of loans, securities or other financial
assets, resident for tax purposes in the European Union and which, therefore,
do

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	 	 	 	not have their registered offices in tax havens or, only in the case of a
bank or entity non-resident for tax purposes in the European Union, with the
prior consent of the Company. Such consent will be understood to have been
tacitly given if, within a period of fifteen (15) Business Days from the
date the assigning Lender notifies the Company of its intention of
assigning, the latter has neither expressly consented nor refused the
assignment.
	 
	 	(ii)	 	The assignment will render effects from the start of the Interest
Period following that in which the assignment occurs.
	 
	 	(iii)	 	The Agent will be informed of the assignment within the fifteen
(15) Business Days prior to the date on which the assignment will become
effective, its effectiveness being conditioned to the Agent having received all
documentation and information in respect of the assignee which might be
reasonably required in order that the latter might comply with the requisites
and standards of “know your customer”.

	 	(b)	 	For the avoidance of doubt, amounts transferred or assigned by a Lender
include (i) the amount of principal owed to that Lender, and (ii) any accrued and
unpaid interest,

	25.2	 	Limitation of liability of the Lenders
	 
	 	 	Unless otherwise agreed, any Lender assigning its rights and obligations arising from any
Finance Document under the foregoing Clause will make no representation or warrantee and
shall not assume any liability in respect of:

	 	(i)	 	The legality, validity, efficacy, opportunity or enforceability of
the Finance Documents, or of any other;
	 
	 	(ii)	 	The financial position of any Obligor;
	 
	 	(iii)	 	The fulfilment or observance of any Obligor or company of the
Group in respect of its obligations; or
	 
	 	(iv)	 	The accuracy of any statement (whether written or verbal) made in
relation to any Finance Document or any other document,

	 	 	 	and any statement or guarantee implicit by law is expressly excluded.

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	25.3	 	Assignment fee
	 
	 	 	The Parties expressly agree that the assignment by a Lender of all or part of its rights and
obligations arising from any Finance Document shall give rise to the accrual of an
assignment fee equivalent to one thousand five hundred euros (€1,500) for each assignment
made, to be paid to the Agent by the assignor and assignee corresponding at the time of the
notification of the assignment pursuant to Clause 25.1(iv). Notwithstanding the foregoing,
it is expressly agreed that this assignment fee will not be applicable to the Syndication
Procedure.
	 
	25.4	 	Constituting of guarantees over the Lenders’ credit rights
	 
	 	 	Notwithstanding any other rights of the Lenders afforded by virtue of this Clause 25, any
Lender may constitute guarantees over part or all of its rights and obligations arising from
any Finance Document, without the consent of any Obligor, providing:

	 	(a)	 	such guarantees are granted to secure the obligations of the corresponding
Lender in respect of a central bank or federal reserve, as applicable;
	 
	 	(b)	 	in the even the Lender is a trust fund or similar fund, such guarantee must be
granted to the benefit of those holding securities issued by said fund guaranteeing the
payment obligations contained in such securities;
	 
	 	(c)	 	the constituting of the said guarantees is notified beforehand to the Company;
and
	 
	 	(d)	 	the creation of the guarantees does not generate any additional costs for the
Company in respect of the situation existing previously.

	 	 	It is hereby expressly established that the grant of guarantees in the terms set forth in
this Clause 25.4 will in no way imply:

	 	(i)	 	the replacing of the corresponding Lender by the beneficiary of the
guarantee in question; or
	 
	 	(ii)	 	any obligation whatsoever on the part of the Obligors, beyond the
provisions of the Finance Documents.

	26.	 	CHANGES TO THE OBLIGORS
	 
	26.1	 	Assignment and transfers by Obligors
	 
	 	 	No Obligor may assign any of its rights or transfer any of its rights or obligations under
the Finance Documents.
	 
	26.2	 	Additional Guarantors

	 	(a)	 	The Company shall ensure that any of its Subsidiaries which from time to
time become a Material Subsidiary (as evidenced by the most recent Ratio Compliance
Certificate delivered to the Agent pursuant to Clause 21.2 (Provision and contents of a
Compliance Certificate)) becomes an Additional Guarantor hereunder.
	 
	 	(b)	 	Within ten (10) Business Days from the Agent having received the Ratio
Compliance Certificate in accordance with paragraph (a) above, upon a

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	 	 	 	Subsidiary becoming an Additional Guarantor: (X) the Company and such Subsidiary (as
the proposed Additional Guarantor) shall deliver to the Agent a duly completed and
executed Accession Letter, and (Y) the Agent shall have received all of the
documents and other evidence listed in Part III of Schedule 2 (Conditions Precedent)
in relation to that Additional Guarantor, each in form and substance satisfactory to
the Agent.
	 
	 	(c)	 	The Company need only perform its obligations under the foregoing paragraphs
if the adhesion of the Material Subsidiary in question does not go against any legal
restrictions, corporate benefit, the prohibition on financial assistance or any other
similar principle of an obligatory nature which might be applicable in the Relevant
Jurisdiction in question. Therefore, such adhesion shall not take place when the
Company evidences through the issuance of a legal opinion, issued by a legal consultant
appointed to the satisfaction of the Majority Lenders, through any means admitted by
law, the aforementioned dispute.
	 
	 	(d)	 	The Agent shall notify the Company promptly upon being satisfied that it has
received (in form and substance satisfactory to it) all the documents and other
evidence listed in Part III of Schedule 2 (Conditions Precedent).

	26.3	 	Removal of a Guarantor

	 	(a)	 	The Company may request that a Guarantor ceases to be so if:

	 	(i)	 	all the Lenders have consented to the resignation of such Guarantor;
or
	 
	 	(ii)	 	the most recent Ratio Compliance Certificate corresponding to the
latest Financial Year delivered shows that, for the purposes of the Coverage of
the Guarantors, such Guarantor has ceased to be a Material Subsidiary.

	 	(b)	 	The Agent shall accept a request to remove the Guarantor and notify the
Company and the Lenders of its acceptance if:

	 	(i)	 	the Company has confirmed that no Event of Default is continuing or
will occur as a result of the acceptance of the removal request; and,
	 
	 	(ii)	 	notwithstanding the removal of the Guarantor, the Coverage of the
Guarantors is duly covered by the other Guarantors which continue to be so.

	26.4	 	Repetition of Representations
	 
	 	 	Delivery of an Accession Letter constitutes confirmation by the relevant Subsidiary that the
representations and warranties referred to in paragraph (c) of Clause 20.23 (Times when
representations made) are true and correct in relation to it as at the date of delivery as
if made by reference to the facts and circumstances then existing.

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SECTION 10

THE FINANCE PARTIES

	27.	 	ROLE OF THE AGENT AND FINANCIAL ADVISOR

	27.1	 	Appointment of the Agent

	 	(a)	 	The Finance Parties appoint the Agent to act as its agent under and in
connection with the Finance Documents.
	 
	 	(b)	 	The Finance Parties authorize the Agent to exercise the rights, powers,
authorities and discretions specifically given to the Agent under or in connection with
the Finance Documents together with any other incidental rights, powers, authorities
and discretions.

	27.2	 	Duties of the Agent

	 	(a)	 	The Agent shall promptly forward to the corresponding Party the original or
a copy of any document which is delivered to the Agent for that Party by any other
Party.
	 
	 	(b)	 	Except where a Finance Document specifically provides otherwise, the Agent
is not obliged to review or check the adequacy, accuracy or completeness of any
document it forwards to another Party.
	 
	 	(c)	 	If the Agent receives notice from a Party referring to this Agreement,
describing an Event of Default and stating that the circumstance described is an Event
of Default, it shall promptly notify the other Finance Parties.
	 
	 	(d)	 	If the Agent is aware of (i) the non-payment of any principal, interest,
commitment/opening fee or other fee payable to a Finance Party (other than the Agent or
an Arranger, acting under such title) under this Agreement, or (ii) the non-fulfillment
of any obligation under the Finance Documents by the Obligors, it shall promptly notify
the other Finance Parties.
	 
	 	(e)	 	In the event any entity is constituted as an Additional Guarantor pursuant
to the provisions of Clause 26.2 (Additional guarantors), the Agent must inform the
Finance Parties immediately of such event.
	 
	 	(f)	 	The Agent’s duties under the Finance Documents are solely mechanical and
administrative in nature.

	27.3	 	Role of the Arrangers
	 
	 	 	Except as specifically provided in the Finance Documents, the Arrangers have no obligations
of any kind to any other Party under or in connection with any Finance Document.
	 
	27.4	 	No fiduciary duties

	 	(a)	 	Nothing in this Agreement constitutes the Agent or an Arranger as a trustee
or fiduciary of any other person.
	 
	 	(b)	 	None of the Agent or the Arrangers shall be bound to account to any Lender
for any sum or the profit element of any sum received by it for its own account.

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	27.5	 	Business with the Group
	 
	 	 	The Agent and the Arrangers may accept deposits from, lend money to and generally engage in
any kind of banking or other business with any member of the Group.
	 
	27.6	 	Rights and discretions

	 	(a)	 	The Agent may rely on:

	 	(i)	 	any representation, notice or document believed by it to be genuine,
correct and appropriately authorized; and
	 
	 	(ii)	 	any statement made by a director, authorized signatory or employee
of any person regarding any matters which may reasonably be assumed to be
within his knowledge or within his power to verify.

	 	(b)	 	The Agent may assume (unless it has received notice to the contrary in its
capacity as Agent for the Lenders) that:

	 	(i)	 	no Event of Default has occurred (unless it has actual knowledge of
an Event of Default arising under Clause 24.1 (Non-payment));
	 
	 	(ii)	 	any right, power, authority or discretion vested in any Party or
the Majority Lenders has not been exercised; and
	 
	 	(iii)	 	any notice or request made by the Company (other than a Request or
selection notice) is made on behalf of and with the consent and knowledge of
all the Obligors.

	 	(c)	 	The Agent may engage, pay for and rely on the advice or services of any
lawyers, accountants, experts or other skilled professionals.
	 
	 	(d)	 	The Agent may act in relation to the Finance Documents through its personnel
and agents.
	 
	 	(e)	 	The Agent may disclose to any other Party any information it reasonably
believes it has received as agent or security agent under this Agreement.
	 
	 	(f)	 	Without prejudice to the generality of paragraph (e) above, the Agent may
disclose the identity of a Defaulting Lender to the other Finance Parties and the
Company and shall disclose the same upon the written request of the Company or the
Majority Lenders.
	 
	 	(g)	 	Notwithstanding any other provision of any Finance Document to the contrary,
neither the Agent nor the Arrangers are obliged to do or omit to do anything if this
would or might in their reasonable opinion constitute a breach of any law or regulation
or a breach of a fiduciary duty or duty of confidentiality.

	27.7	 	Majority Lenders’ instructions

	 	(a)	 	Unless a contrary indication appears in a Finance Document, the Agent shall
(i) exercise any right, power, authority or discretion vested in it as Agent in
accordance with any instructions given to it by the Majority Lenders (or, if so

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	 	 	 	instructed by the Majority Lenders, refrain from exercising any right, power,
authority or discretion vested in it as Agent) and (ii) not be liable for any act
(or omission) if it acts (or refrains from taking any action) in accordance with an
instruction of the Majority Lenders.

	 	(b)	 	Unless a contrary indication appears in a Finance Document, any instructions
given by the Majority Lenders will be binding on all the Finance Parties.
	 
	 	(c)	 	The Agent may refrain from acting in accordance with the instructions of the
Majority Lenders (or, if appropriate, the Lenders) until it has received such security
as it may require for any cost, loss or liability (together with any associated VAT)
which it may incur in complying with the instructions.
	 
	 	(d)	 	In the absence of instructions from the Majority Lenders, (or, if
appropriate, the Lenders) the Agent may act (or refrain from taking action) as it
considers to be in the best interest of the Lenders.
	 
	 	(e)	 	The Agent is not authorized to act on behalf of a Lender (without first
obtaining that Lender’s consent) in any legal or arbitration proceedings relating to
any Finance Document.

	27.8	 	Responsibility for documentation
	 
	 	 	Neither the Agent nor the Arrangers:

	 	(a)	 	are responsible for the adequacy, accuracy and/or completeness of any
information (whether oral or written) supplied by the Agent, the Arranger, an Obligor
or any other person given in or in connection with any Finance Document or the
transactions contemplated in the Finance Documents; or
	 
	 	(b)	 	are responsible for the legality, validity, effectiveness, adequacy or
enforceability of any Finance Document or any other agreement, arrangement or document
entered into, made or executed in anticipation of or in connection with any Finance
Document.

	27.9	 	Exclusion of liability

	 	(a)	 	Without limiting paragraph (b) below (and without prejudice to the
provisions of paragraph (e) of Clause 30.10 (Disruption to Payment Systems etc.), the
Agent will not be liable (including without limitation, for negligence or any other
category of liability whatsoever) for any action taken by it under or in connection
with any Finance Document, unless directly caused by its gross negligence or willful
misconduct.
	 
	 	(b)	 	No Party (other than the Agent) may bring any legal proceedings against any
officer, employee or agent of the Agent in respect of any claim it might have against
the Agent or in respect of any act or omission of any kind by that officer, employee or
agent in relation to any Finance Document and any officer, employee or agent of the
Agent may rely on this Clause subject to Clause 1.4 (Third-party rights).
	 
	 	(c)	 	The Agent will not be liable for any delay (or any related consequences) in
crediting an account with an amount required under the Finance Documents to

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	 	 	 	be paid by the Agent if the Agent has taken all necessary steps as soon as
reasonably practicable to comply with the regulations or operating procedures of any
recognized clearing or settlement system used by the Agent for that purpose.

	 	(d)	 	Nothing in this Agreement shall oblige the Agent or the Arrangers to carry
out any “know your customer” or other checks in relation to any person on behalf of any
Lender and each Lender confirms to the Agent and the Arrangers that it is solely
responsible for any such checks it is required to carry out and that it may not rely on
any statement in relation to such checks made by the Agent or the Arrangers.

	27.10	 	Lenders’ indemnity to the Agent
	 
	 	 	Each Lender shall (in proportion to its share of the Total Commitments or, if the Total
Commitments are then zero, to its share of the Total Commitments immediately prior to their
reduction to zero) indemnify the Agent within three (3) Business Days of demand, against any
cost, loss or liability (in the case of the Agent including, without limitation, for
negligence or any other category of liability whatsoever) incurred by the Agent (otherwise
than by reason of the Agent’s gross negligence or willful misconduct) (or, in the case of
any cost, loss or liability pursuant to Clause 30.10 (Disruption to Payment Systems etc.)
notwithstanding the Agent’s negligence or any other category of liability whatsoever but not
including any claim based on the fraud of the Agent) in acting as Agent under the Finance
Documents (unless the Agent has been reimbursed by an Obligor pursuant to a Finance
Document).
	 
	27.11	 	Resignation of the Agent

	 	(a)	 	The Agent may resign and appoint one of its Subsidiaries as successor by
giving notice to the Lenders and the Company.
	 
	 	(b)	 	Alternatively the Agent may resign by giving notice to the Lenders and the
Company, in which case the Majority Lenders (after consultation with the Company) may
appoint a successor Agent.
	 
	 	(c)	 	If the Majority Lenders have not appointed a successor Agent in accordance
with paragraph (b) above within 30 days after notice of resignation was given, the
Agent (after consultation with the Company) may appoint a successor Agent, which must
duly accept such appointment.
	 
	 	(d)	 	The retiring Agent shall, at its own cost, make available to the successor
Agent such documents and records and provide such assistance as that successor may
reasonably request for the purposes of performing its functions as Agent under the
Finance Documents. For the avoidance of any doubt, it is hereby expressly established
that no cost, commission and/or expense of any nature arising from and/or relating to
the resignation of the Agent shall be assumed by the Obligors.
	 
	 	(e)	 	The Agent’s resignation notice shall only take effect upon the appointment
of a successor.
	 
	 	(f)	 	Upon the appointment of a successor, the retiring Agent shall be discharged
from any further obligation in respect of the Finance Documents but shall remain
entitled to the benefit of this Clause 27.11. Its successor and each of the other

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	 	 	 	Parties shall have the same rights and obligations amongst themselves as they would
have had if such successor had been an original Party.

	 	(g)	 	After consultation with the Company, the Majority Lenders may, by notice to
the Agent, require it to resign in accordance with paragraph (b) above. In this event,
the Agent shall resign in accordance with paragraph (b) above.

	27.12	 	Replacement of the Agent

	 	(a)	 	After consultation with the Company, the Majority Lenders may, by giving 30
days’ notice to the Agent (or, at any time the Agent is an Impaired Agent, by giving
any shorter notice determined by the Majority Lenders) replace the Agent by appointing
a successor Agent.
	 
	 	(b)	 	The retiring Agent shall (at its own cost it is an Impaired Agent and
otherwise at the expense of the Lenders) make available to the successor Agent such
documents and records and provide such assistance as the successor Agent may reasonably
request for the purposes of performing its functions as Agent under the Finance
Documents. For the avoidance of any doubt, it is hereby expressly established that no
cost, commission and/or expense of any nature arising from and/or relating to the
replacement of the Agent shall be assumed by the Obligors.
	 
	 	(c)	 	The appointment of the successor Agent shall take effect on the date
specified in the notice from the Majority Lenders to the retiring Agent. As from this
date, the retiring Agent shall be discharged from any further obligation in respect of
the Finance Documents but shall remain entitled to the benefit of this Clause 27 (and
any agency fees for the account of the retiring Agent shall cease to accrue from (and
shall be payable on) that date).
	 
	 	(d)	 	Any successor Agent and each of the other Parties shall have the same rights
and obligations amongst themselves as they would have had if such successor had been an
original Party.

	27.13	 	Confidentiality

	 	(a)	 	In acting as agent for the Finance Parties, the Agent shall be regarded as
acting through its agency division which shall be treated as a separate entity from any
other of its divisions or departments.
	 
	 	(b)	 	if information is received by another division or department of the Agent,
it may be treated as confidential to that division or department and the Agent shall
not be deemed to have notice of it.
	 
	 	(c)	 	Notwithstanding any other provision of any Finance Document to the contrary,
none of the Agent and the Arrangers are obliged to disclose to any other person (i) any
confidential information or (ii) any other information if the disclosure would or might
in its reasonable opinion constitute a breach of any law or a breach of a fiduciary
duty.

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	27.14	 	Relationship with the Lenders
	 
	 	 	The Agent may treat each Lender as a Lender, entitled to payments under this Agreement and
acting through its Facility Office unless it has received not less than five Business Days
prior notice from that Lender to the contrary in accordance with the terms of this
Agreement.
	 
	27.15	 	Credit appraisal by the Lenders
	 
	 	 	Without affecting the responsibility of any Obligor for information supplied by it or on its
behalf in connection with any Finance Document, each Lender confirms to the Agent and the
Arrangers that it has been, and will continue to be, solely responsible for making its own
independent appraisal and investigation of all risks arising under or in connection with any
Finance Document including but not limited to:

	 	(a)	 	the financial condition, status and nature of each member of the Group;
	 
	 	(b)	 	the legality, validity, effectiveness, adequacy or enforceability of any
Finance Document and any other agreement, arrangement or document entered into, made or
executed in anticipation of, under or in connection with any Finance Document;
	 
	 	(c)	 	whether that Secured Party has recourse, and the nature and extent of that
recourse, against any Party or any of its respective assets under or in connection with
any Finance Document or the transactions contemplated by the Finance Documents or any
other agreement, arrangement or document entered into, made or executed in anticipation
of, under or in connection with any Finance Document; and,
	 
	 	(d)	 	the adequacy, accuracy and/or completeness of any information provided by
the Agent, any Party or by any other person under or in connection with any Finance
Document, the transactions contemplated by the Finance Documents or any other
agreement, arrangement or document entered into, made or executed in anticipation of,
under or in connection with any Finance Document.

	27.16	 	Deduction from amounts payable by the Agent
	 
	 	 	If any Party owes an amount to the Agent under the Finance Documents the Agent may, after
giving notice to that Party, deduct an amount not exceeding that amount from any payment to
that Party which the Agent would otherwise be obliged to make under the Finance Documents
and apply the amount deducted in or towards satisfaction of the amount owed. For the
purposes of the Finance Documents that Party shall be regarded as having received any amount
so deducted.

	28.	 	CONDUCT OF BUSINESS BY THE FINANCE PARTIES

	 	 	No provision of this Agreement will:

	 	(a)	 	interfere with the right of any Finance Party to arrange its affairs (tax or
otherwise) in whatever manner it thinks fit;
	 
	 	(b)	 	oblige any Finance Party to investigate or claim any credit, relief,
remission or reduction or repayment available to it or the extent, order and manner of
any claim; or

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	 	(c)	 	oblige any Finance Party to disclose any information relating to its affairs
(tax or otherwise) or any computations in respect of Tax.

	29.	 	SHARING AMONG THE FINANCE PARTIES

	29.1	 	Payments to Finance Parties
	 
	 	 	If a Finance Party (a “Recovering Finance Party”) receives or recovers any amount from an
Obligor other than in accordance with paragraph (b) of Clause 8.5
(Application of Mandatory Prepayments) or Clause 30 (Payment mechanics) and applies
that amount to a payment due under the Finance Documents then:

	 	(a)	 	the Recovering Finance Party shall, within three (3) Business Days, notify
details of the receipt or recovery, to the Agent;
	 
	 	(b)	 	the Agent shall determine whether the receipt or recovery is in excess of
the amount the Recovering Finance Party would have been paid had the receipt or
recovery been received or made by the Agent and distributed in accordance with Clause
30 (Payment mechanics), without taking account of any Tax which would be imposed on the
Agent in relation to the receipt, recovery or distribution; and
	 
	 	(c)	 	the Recovering Finance Party shall, within three (3) Business Days of demand
by the Agent, pay to the Agent an amount (the “Sharing Payment”) equal to such receipt
or recovery less any amount which the Agent determines may be retained by the
Recovering Finance Party as its share of any payment to be made, in accordance with
Clause 30.6 (Partial payments).

	29.2	 	Redistribution of payments
	 
	 	 	The Agent shall treat the Sharing Payment as if it had been paid by the relevant Obligor and
distribute it between the Finance Parties (other than the Recovering Finance Party) in
accordance with Clause 30.6 (Partial payments).
	 
	29.3	 	Recovering Finance Party’s rights

	 	(a)	 	On a distribution by the Agent under Clause 29.2 (Redistribution of
payments), the Recovering Finance Party will be subrogated to the rights of the Finance
Parties which have shared in the redistribution.
	 
	 	(b)	 	If and to the extent that the Recovering Finance Party is not able to rely
on its rights under paragraph (a) above, the relevant Obligor shall be liable to the
Recovering Finance Party for a debt equal to the Sharing Payment which is immediately
due and payable.

	29.4	 	Reversal of redistribution
	 
	 	 	If any part of the Sharing Payment received or recovered by a Recovering Finance Party
becomes repayable and is repaid by that Recovering Finance Party, then:

	 	(a)	 	each Finance Party which has received a share of the relevant Sharing
Payment pursuant to Clause 29.2 (Redistribution of payments) shall, upon request of the
Agent, pay to the Agent for account of that Recovering Finance Party an amount equal to
the appropriate part of its share of the Sharing Payment (together with an amount as is
necessary to reimburse that Recovering Finance Party for its

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	 	 	 	proportion of any interest on the Sharing Payment which that Recovering Finance
Party is required to pay); and
	 
	 	(b)	 	that Recovering Finance Party’s rights of subrogation in respect of any
reimbursement shall be cancelled and the relevant Obligor will be liable to the
reimbursing Finance Party for the amount so reimbursed.

	29.5	 	Exceptions

	 	(a)	 	This Clause 29 shall not apply to the extent that the Recovering Finance
Party would not, after making any payment pursuant to this Clause, have a valid and
enforceable claim against the relevant Obligor.
	 
	 	(b)	 	A Recovering Finance Party is not obliged to share with any other Finance
Party any amount which the Recovering Finance Party has received or recovered as a
result of taking legal or arbitration proceedings, if:

	 	(i)	 	it notified the other Finance Party of the legal or arbitration
proceedings; and
	 
	 	(ii)	 	the other Finance Party had an opportunity to participate in those
legal or arbitration proceedings but did not do so as soon as reasonably
practicable having received notice and did not take separate legal or
arbitration proceedings.

SECTION 11

ADMINISTRATION

	30.	 	PAYMENT MECHANICS

	30.1	 	Payments to the Agent

	 	(a)	 	On each date on which an Obligor or a Lender is required to make a payment
under a Finance Document, that Obligor or Lender shall make the same available to the
Agent (unless a contrary indication appears in a Finance Document) for value on the due
date at the time and in such funds specified by the Agent as being customary at the
time for settlement of transactions in the relevant currency in the place of payment.
	 
	 	(b)	 	Payment shall be made to such account in the principal financial centre of
the country of that currency (or, in relation to the euro, in a principal financial
center in a Participating Member State or London) with such bank as the Agent
specifies.

	30.2	 	Distributions by the Agent
	 
	 	 	Each payment received by the Agent under the Finance Documents for another Party shall,
subject to Clause 30.3 (Distributions to an Obligor) and Clause 30.4 (Clawback) be made
available by the Agent as soon as practicable after receipt to the Party entitled to receive
payment in accordance with this Agreement (in the case of a Lender, for the account of its
Facility Office), to such account as that Party may notify to the Agent by not less than
five Business Days’ notice with a bank in the principal financial center of the

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	 	 	country of that currency (or, in relation to euro, in the principal financial center of a
Participating Member State or London).
	 
	30.3	 	Distributions to an Obligor
	 
	 	 	The Agent may (with the consent of the Obligor or in accordance with Clause 31 (Set-Off))
apply any amount received by it for that Obligor in or towards payment (on the date and in
the currency and funds of receipt and in observance of any limitation contained in Clause
19.7 (Guarantee Limitations)) of any amount due from that Obligor under the Finance
Documents or in or towards purchase of any amount of any currency to be so applied.
	 
	30.4	 	Clawback

	 	(a)	 	Where a sum is to be paid to the Agent under the Finance Documents for
another Party, the Agent is not obliged to pay that sum to that other Party (or to
enter into or perform any related exchange contract) until it has been able to
establish to its satisfaction that it has actually received that sum.
	 
	 	(b)	 	If the Agent pays an amount to another Party and it proves to be the case
that the Agent had not actually received that amount, then the Party to whom that
amount (or the proceeds of any related exchange contract) was paid by the Agent shall
on demand refund the same to the Agent together with interest on that amount from the
date of payment to the date of receipt by the Agent, calculated by the Agent to reflect
its cost of funds.

	30.5	 	Impaired Agent

	 	(a)	 	If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender
which is required to make a payment under the Finance Documents to the Agent in
accordance with Clause 30.1 (Payments to the Agent) may instead either pay that amount
direct to the Agent pay the amount applicable to the corresponding credit entity or pay
that amount to an interest-bearing account held with a Reference Bank within the
meaning of paragraph (a) of the definition of “Reference Bank” and in relation to which
no Insolvency Event has occurred and is continuing, in the name of the Obligor or the
Lender making the payment and designated as a trust account for the benefit of the
Party or Parties beneficially entitled to that payment under the Finance Documents. In
each case such payments must be made on the due date for payment under the Finance
Documents.
	 
	 	(b)	 	All interest accrued on the amount standing to the credit of the trust
account shall be for the benefit of the beneficiaries of that trust account pro rata to
their respective entitlements.
	 
	 	(c)	 	A Party which has made a payment in accordance with this Clause 30.5 shall
be discharged of the relevant payment obligation under the Finance Documents and shall
not take any credit risk with respect to the amounts standing to the credit of the
trust account.
	 
	 	(d)	 	Promptly upon the appointment of a successor Agent in accordance with Clause 27.12
(Replacement of the Agent), each Party which has made a
payment to a trust account in accordance with this Clause 30.5 shall give all
requisite

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	 	 	 	instructions to the bank with whom the trust account is held to
transfer the amount (together with any accrued interest) to the successor Agent
for distribution in accordance with Clause 30.2 (Distributions by the Agent).

	30.6	 	Partial payments

	 	(a)	 	If the Agent receives a payment for application against amounts due in
respect of any Finance Documents that is insufficient to discharge all the amounts then
due and payable by an Obligor under those Finance Documents, the Agent shall apply that
payment towards the obligations of that Obligor under those Finance Documents (in
observance of any limitation contained in Clause 19.8 (Guarantee limitations)) in the
following order:

	 	(i)	 	first, in or towards payment pro rata of any unpaid fees, costs and
expenses of the Agent and the Arrangers under those Finance Documents;
	 
	 	(ii)	 	secondly, in or towards payment pro rata of any accrued interest,
fee or commission due but unpaid under those Finance Documents;
	 
	 	(iii)	 	thirdly, in or towards payment of any principal due but unpaid
under those Finance Documents (as between the Lenders, pro rata to each
Lender’s Commitment under the relevant Facility); and
	 
	 	(iv)	 	fourthly, in or towards payment pro rata of any other sum due but
unpaid under the Finance Documents.

	 	(b)	 	The Agent shall, if so directed by the Majority Lenders, vary the order set
out in paragraphs (a) (ii) to (iv) above.
	 
	 	(c)	 	Paragraphs (a) and (b) above will override any appropriation made by an
Obligor.

	30.7	 	No set-off by Obligors
	 
	 	 	All payments to be made by an Obligor under the Finance Documents shall be calculated and be
made without (and free and clear of any deduction for) set-off or counterclaim.

	30.8	 	Business Days

	 	(a)	 	Any payment which is due to be made on a day that is not a Business Day
shall be made on the next Business Day in the same Month (if there is one) or the
preceding Business Day (if there is not).
	 
	 	(b)	 	During any extension of the due date for payment of any amount under this
Agreement, interest is payable in accordance with the contents of this Agreement at the
rate applicable on the original due date.

	30.9	 	Currency of account

	 	(a)	 	Subject to paragraphs (b) to (e) below, the euro is the currency of account
and payment for any sum due from an Obligor under any Finance Document.

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	 	(b)	 	Each payment of interest shall be made in the currency in which the sum in
respect of which the interest is payable was denominated when that interest accrued.
	 
	 	(c)	 	Each payment in respect of costs, expenses or Taxes shall be made in the
currency in which the costs, expenses or Taxes are incurred.
	 
	 	(d)	 	Any amount expressed to be payable in a currency other than the euro shall
be paid in that other currency.

	30.10	 	Disruption Events.
	 
	 	 	If either the Agent determines (at its discretion) that a Disruption Event has occurred or
the Agent is notified by the Company that a Disruption Event has occurred:

	 	(a)	 	the Agent may, and shall if requested to do so by the Company, consult with
the Company with a view to agreeing with the Company such changes to the operation or
administration of the Facilities as the Agent may deem necessary in the circumstances;
	 
	 	(b)	 	the Agent shall not be obliged to consult with the Company in relation to
any changes mentioned in paragraph (a) if, in its opinion, it is not practicable to do
so in the circumstances and, in any event, shall have no obligation to agree to such
changes;
	 
	 	(c)	 	the Agent may consult with the Finance Parties in relation to any changes
mentioned in paragraph (a) but shall not be obliged to do so if, in its opinion, it is
not practicable to do so in the circumstances;
	 
	 	(d)	 	any such changes agreed upon by the Agent and the Company shall (whether or
not it is finally determined that a Disruption Event has occurred) be binding upon the
Parties as an amendment to (or, as the case may be, waiver of) the terms of the Finance
Documents notwithstanding the provisions of Clause 36 (Amendments and Waivers);
	 
	 	(e)	 	the Agent shall not be liable for any damages, costs or losses whatsoever
(including, without limitation for negligence, gross negligence or any other category
of liability whatsoever but not including any claim based on the fraud of the Agent)
arising as a result of its taking, or failing to take, any actions pursuant to or in
connection with this Clause 30.10; and
	 
	 	(f)	 	the Agent shall notify the Finance Parties of all changes agreed pursuant to
paragraph (d) above.

	31.	 	SET-OFF

	 	 	A Finance Party may (in observance of any limitation contained in Clause 19.7 (Guarantee
limitations)) set off any matured obligation due from an Obligor under the Finance Documents
(to the extent beneficially owned by that Finance Party) against any matured obligation owed
by that Finance Party to that Obligor, regardless of the place of payment, booking branch or
currency of either obligation. If the obligations are in different currencies, the Finance
Party may convert either obligation at a market rate of exchange in its usual course of
business for the purpose of the set-off.

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	32.	 	NOTICES

	32.1	 	Communications in writing
	 
	 	 	Any communication to be made under or in connection with the Finance Documents shall be made
in writing and, unless otherwise stated, may be made by fax or letter.

	32.2	 	Addresses
	 
	 	 	The address and fax number (and the department or officer, if any, for whose attention the
communication is to be made) of each Party for any communication or document to be made or
delivered under or in connection with the Finance Documents is:

	 	(a)	 	in the case of the Company and the Guarantors:
	 
	 	 	 	Att.:
	 
	 	 	 	Luis Miguel Martínez Jurado
	 
	 	 	 	Tel: + 34 91 714 7000
	 
	 	 	 	Fax: + 34 91 714 7001
	 
	 	(b)	 	in the case of the Lenders
	 
	 	 	 	THE ROYAL BANK OF SCOTLAND N.V., SUCURSAL EN ESPAÑA
	 
	 	 	 	José Ortega y Gasset, 29 piso 5
	 
	 		 	28006 MADRID
	 
	 	 	 	Att.:
	 
	 		 	(i) Guillermo Poggio / Mónica Celeiro
	 
	 	 	 	Tel: + 34 91 438 51 58 / 91 438 51 73
	 
	 	 	 	Fax: + 34 91 438 53 07
	 
	 		 	(ii) Luis Mármol / Julio Fernández / Raquel Pérez
	 
	 	 	 	Tel: + 34 91 4236947
	 
	 	 	 	Fax: + 34 91 4236948
	 
	 	 	 	CAJA DE AHORROS Y MONTE DE PIEDAD DE MADRID
	 
	 	 	 	Torre Caja Madrid. Paseo de la Castellana, 189. 5a Planta

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	 		 	 28046 Madrid
	 
	 	 	 	Att.:
	 
	 		 	 (i) Jorge Salamero Sanz
	 
	 	 	 	Tel: +34 91 423 54 05
	 
	 	 	 	Fax: +34 91 423 97 18
	 
	 		 	(ii) Martín Alonso Sanchez / Monica Pilar Conejo Agraz
	 
	 	 	 	Tel: +34 91423 9627 / +34 91 423 9639
	 
	 	 	 	Fax: +34 91.423 9727 / +34 91 423 9728
	 
	 	 	 	BARCLAYS BANK, S.A.
	 
	 	 	 	Plaza de Colón, 1
	 
	 		 	28046 Madrid
	 
	 	 	 	Att.:
	 
	 		 	(i) Wouter Lauwaars / Francisco Roca
	 
	 	 	 	Tel: +34 91 336 22 11
	 
	 	 	 	Fax: +34 91 336 13 25
	 
	 	 	 	ING BELGIUM S.A. SUCURSAL EN ESPAÑA
	 
	 	 	 	C/Genova 27. Planta 3
	 
	 		 	28004 Madrid
	 
	 	 	 	Att.:
	 
	 	 	 	Mercedes Martinez
	 
	 	 	 	Tel: +34 91 789 8972
	 
	 	 	 	Fax: +34 91 789 5200

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	 	 	CAIXA D  ́ESTALVIS I PENSIONS DE BARCELONA

	 	 	 	Av. Diagonal 662-664
	 
	 	 	 	08034
	 
	 	 	 	Att.:
	 
	 		 	(i) Thomas Getz/Albert Bayod
	 
	 	 	 	Tel: +34 934048165/+34 9340496

	 	 	Fax: +34 932055545
	 
	 	 	In the case each Lender becoming so subsequently to the signing of this Agreement, the
address of such Lender notified in writing to the Agent; and

	 	(c)	 	in the case of the Agent:
	 
	 	 	 	ING BANK N.V., LONDON BRANCH
	 
	 		 	60 London Wall
	 
	 	 	 	London, EC2M 5TQ
	 
	 	 	 	Att.:
	 
	 	 	 	Lorna Fleming
	 
	 	 	 	Tel: +44 20 7767 1509
	 
	 	 	 	Fax: +44 20 7767 7324

	 	 	or any substitute address, fax number or department or officer as the Party may notify to
the Agent (or the Agent may notify to the other Parties, if a change is made by the Agent)
by not less than five (5) Business Days’ notice.

	32.3	 	Delivery

	 	(a)	 	Any communication or document made or delivered by one person to another
under or in connection with the Finance Documents will only be effective:

	 	(i)	 	if by way of fax, when received in legible form; or
	 
	 	(ii)	 	if by way of letter, when it has been left at the relevant address,
or five Business Days after being deposited in the post postage prepaid in an
envelope addressed to it at that address,

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	 	 	 	and, if a particular department or officer is specified as part of its address
details provided under Clause 32.2 (Addresses), if addressed to that department or
officer.

	 	(b)	 	Any communication or document to be made or delivered to the Agent will be
effective only when actually received by the Agent and then only if it is expressly
marked for the attention of the department or officer identified with the Agent’s
signature below (or any substitute department or officer as the Agent shall specify for
this purpose).
	 
	 	(c)	 	All notices from or to an Obligor shall be sent through the Agent.
	 
	 	(d)	 	Any communication or document made or delivered to the Company in accordance
with this Clause 32.3 will be deemed to have been made or delivered to each of the
Obligors.

	32.4	 	Notification of address and fax number
	 
	 	 	Promptly upon receipt of notification of an address or fax number or change of address or
fax number pursuant to Clause 32.2 (Addresses) or changing its own address or fax number,
the Agent shall notify the other Parties.
	 
	32.5	 	Communication when Agent is Impaired Agent
	 
	 	 	If the Agent is an Impaired Agent the Parties may, instead of communicating with each other
through the Agent, communicate with each other directly and (while the Agent is an Impaired
Agent) all the provisions of the Finance Documents which require communications to be made
or notices to be given to or by the Agent shall be varied so that communications may be made
and notices given to or by the relevant Parties directly. This provision shall not operate
after a replacement Agent has been appointed.
	 
	32.6	 	Electronic communication

	 	(a)	 	Any communication to be made between the Agent and a Lender or the Company
under or in connection with the Finance Documents may be made by electronic mail or
other electronic means, if the Agent and the relevant Lender or, as the case may be,
the Company:

	 	(i)	 	agree that, unless and until notified to the contrary, this is to be
an accepted form of communication;
	 
	 	(ii)	 	notify each other in writing of their electronic mail address
and/or any other information required to enable the sending and receipt of
information by that means; and
	 
	 	(iii)	 	notify each other of any change to their address or any other such
information supplied by them.

	 	(b)	 	Any electronic communication made between the Agent and a Lender or the
Company will be effective only when actually received in readable form and in the case
of any electronic communication made by a Lender or by the Company to the Agent only if
it is addressed in such a manner as the Agent shall specify for this purpose.

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	32.7	 	Use of websites

	 	(a)	 	The Company may satisfy its obligation under this Agreement to deliver any
information in relation to those Lenders (the “Website Lenders”) who accept this method
of communication by posting this information onto an electronic website designated by
the Company and the Agent (the “Designated Website”) if:

	 	(i)	 	the Agent expressly agrees (after consultation with each of the
Lenders) that it will accept communication of the information by this method;
	 
	 	(ii)	 	both the Company and the Agent are aware of the address of and any
relevant password specifications for the Designated Website; and
	 
	 	(iii)	 	the information is in a format previously agreed between the
Company and the Agent.

	 	 	 	If any Lender (a “Paper Form Lender”) does not agree to the delivery of information
electronically then the Agent shall notify the Company accordingly and the Company
shall at its own cost, supply the information to the Agent (in sufficient copies for
each Paper Form Lender) in paper form. In any event the Company shall at its own
cost, supply the Agent with at least one copy in paper form of any information
required to be provided by it.

	 	(b)	 	The Agent shall supply each Website Lender with the address of and any
relevant password specifications for the Designated Website following designation of
that website by the Company and the Agent.
	 
	 	(c)	 	The Company shall promptly upon becoming aware of its occurrence notify the
Agent if:

	 	(i)	 	the Designated Website cannot be accessed due to technical failure;
	 
	 	(ii)	 	the password specifications for the Designated Website change;
	 
	 	(iii)	 	any new information which is required to be provided under this
Agreement is posted onto the Designated Website;
	 
	 	(iv)	 	any existing information which has been provided under this
Agreement and posted onto the Designated Website is amended; or
	 
	 	(v)	 	the Company becomes aware that the Designated Website or any
information posted onto the Designated Website is or has been infected by any
electronic virus or similar software.

	 	 	 	If the Company notifies the Agent under paragraph (c)(i) or paragraph (c)(v) above,
all information to be provided by the Company under this Agreement after the date of
that notice shall be supplied in paper form unless and until the Agent and each
Website Lender is satisfied that the circumstances giving rise to the notification
are no longer continuing.
	 
	 	(d)	 	Any Website Lender may request, through the Agent, one paper copy of any
information required to be provided under this Agreement which is
posted onto the Designated Website. The Company shall at its own cost comply with any such
request within ten Business Days.

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	32.8	 	Spanish language

	 	(a)	 	Unless otherwise expressly agreed to or as required by applicable law, any
notice given under or in connection with any Finance Document must be in Spanish.
	 
	 	(b)	 	All other documents provided under or in connection with any Finance
Document unless otherwise stated must be:

	 	(i)	 	in Spanish; or
	 
	 	(ii)	 	if not in Spanish, and if so required by the Agent, accompanied by
a certified Spanish translation and, in this case, the Spanish translation will
prevail unless the document is a constitutional, statutory or other official
document.

	33.	 	CALCULATIONS AND CERTIFICATES

	33.1	 	Accounts

	 	 	In any litigation or arbitration proceedings arising out of or in connection with a Finance
Document, the entries made in the accounts maintained by a Finance Party are prima facie
evidence of the matters to which they relate, unless it is proven an obvious error has been
made.
	 
	33.2	 	Certificates and determinations
	 
	 	 	Any certification or determination by a Finance Party of a rate or amount under any Finance
Document is, in the absence of manifest error, conclusive evidence of the matters to which
it relates.
	 
	33.3	 	Day count convention
	 
	 	 	Any interest, commission or fee accruing under a Finance Document will accrue from day to
day and is calculated on the basis of the actual number of days elapsed and a year of 360
days or, in any case where the practice in the Relevant Interbank Market differs, in
accordance with that market practice.
	 
	33.4	 	Evidence of Debt
	 
	 	 	For the purposes of article 572 of the Spanish Civil Procedural Law (Ley de Enjuiciamiento
Civil), the parties expressly agree that upon the occurrence of an Event of Default, the
Agent (and/or any Lender) will calculate the amount due following its accounting provisions
and it will issue the relevant certificate (which will be upheld valid in a court and shall
produce all legal effects) detailing the total due amount as of the date of its issuance,
being deemed such amount as true, net, due and payable.
	 
	 	 	For any enforcement actions in Spain the submission of a “testimonio con carácter ejecutivo”
(“enforceable certified copy”) of this document will suffice, together with the certificate
referred to in article 517.2.5 of the above Spanish Civil Procedural Law (Ley de
Enjuiciamiento Civil) and the submission of another certificate issued by an authorized
representative of the Agent (and/or the relevant Lender) establishing the due amount by

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	 	 	the Obligors hereunder, in which a notary witnessing such certificate, at the Agent’s
(and/or the relevant Lender’s) request, raising it to public document status will certify
that the said balance coincides with that set out in the Agent’s (and/or the relevant
Lender’s) account and that the settlement of the due amount has been made in the manner
agreed by the parties in this Agreement.

	34.	 	INVALIDITY AND PARTIAL NULLITY

	 	 	If, at any time, any provision of the Finance Documents is declared null and void, illegal
or or unenforceable for whatever reason under any law of any jurisdiction, neither the
legality, validity or enforceability of the remaining provisions nor the legality, validity
or enforceability of the other provisions nor legality, validity or enforceability of such
provision the under the law of any other jurisdiction will in any way be affected or
impaired.

	35.	 	REMEDIES AND WAIVERS

	 	 	No failure to exercise, nor any delay in exercising, on the part of any Finance Party, any
right or remedy under the Finance Documents shall operate as a waiver of any such right or
remedy or constitute an election to affirm any of the Finance Documents. No single or
partial exercise of any right or remedy shall prevent any further or other exercise or the
exercise of any other right or remedy. The rights and remedies provided in this Agreement
are cumulative and not exclusive of any rights or remedies provided by law.

	36.	 	AMENDMENTS AND WAIVERS

	36.1	 	Required consents
	 
	 	 	Subject to Clause 36.2 (Exceptions) and the provisions of this Agreement, any term of the
Finance Documents may be waived only with the consent of the Majority Lenders and the
Company, and any such waiver will be binding on all Parties.
	 
	36.2	 	Exceptions

	 	(a)	 	An amendment or waiver that has the effect of changing or which relates to:

	 	(i)	 	the definition of “Majority Lenders” in Clause 1.1 (Definitions);
	 
	 	(ii)	 	the Maturity Date or any date of payment of any item accrued by
virtue of this Agreement (whether an ordinary repayment or a prepayment);
	 
	 	(iii)	 	a reduction in the Margin or in the amount of any payment of fees
or commission payable;
	 
	 	(iv)	 	an increase in or an extension of any Commitment or the Total
Commitments;
	 
	 	(v)	 	a change to the Guarantors other than in accordance with Clause 26
(Changes to the Obligors);
	 
	 	(vi)	 	any provision which expressly requires the consent of all the
Lenders;

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	 	(vii)	 	Clause 2 (Facilities), Clause 6.1 (Ordinary Repayment), Clause 6.2
(Effect of cancellation and prepayment), Clause 25.1 (Assignments by the
Lenders), Clause 25.2 (Limitation of liability of the Lenders) or this Clause
36;
	 
	 	(viii)	 	the early termination or cancellation of the Abengoa Facility
prior to the date of completion of twenty-four (24) months from the date of
this Agreement or to the alleged obligatory prepayment stipulated in Clause
8.1(c) (on the understanding that any request to such end made by the Company
will be processed and decided on at no cost to the latter (waiver fee)); and
	 
	 	(ix)	 	any agreement requiring the modifying novation of this Agreement,

	 	 	 	shall not be made without the prior consent of all the Lenders.
	 
	 	(b)	 	An amendment or waiver which relates to the rights or obligations of the
Agent or the Arrangers may not be effected without the consent of the Agent or the
Arrangers.

	36.3	 	Non-consenting Lenders

	 	(a)	 	In the event that a Lender (a “Non-consenting Lender”) does not consent to
the terms of a waiver or amendment requested by the Company which pursuant to paragraph
(a) of Clause 36.2 (Exceptions) requires the consent of all the Lenders, and a number
of Lenders whose Commitment represents at least 80% of the Total Commitments of the
Facility have accepted such request to waive or amend, such Non-consenting Lender will,
at the request of the Company by at least 10 Business Days’ notice to the Agent
transfer by novation all of its rights, benefits and obligations under the Finance
Documents to any Lender (a “Replacement Lender”) that is willing to assume such rights,
benefits and obligations as the Company may nominate against payment by the Replacement
Lender of amounts equal to the Non-consenting Lender’s participation in each Loan
together with any justified expenses in respect of such transfer. Any such transfer
shall be subject to the provisions of Clause 25 (Changes to Lenders).
	 
	 	(b)	 	The replacement of a Lender pursuant to this Clause 36.3 shall be subject to
the following conditions:

	 	(i)	 	the Company shall have no right to seek replacement of the Agent;
	 
	 	(ii)	 	no Party shall have any obligation to be or find a Replacement
Lender; and
	 
	 	(iii)	 	in no event shall the Non-consenting Lender be required to pay or
surrender to the Replacement Lender any of the fees received by such
Non-consenting Lender pursuant to the Finance Documents.

	36.4	 	Disenfranchisement of Defaulting Lenders

	 	(a)	 	For so long as a Defaulting Lender has any pending Loan Commitment, on
ascertaining the Majority Lenders, or whether any given percentage (including, for the
avoidance of doubt, unanimity) of the Total Commitments has been obtained to approve
any request for a consent, waiver, amendment or other vote

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	 	 	 	under the Finance Documents, that Defaulting Lender’s Commitments will be reduced by
the amount of its available Commitments.
	 
	 	(b)	 	For the purposes of this Clause 36.4, the Agent may assume that the
following Lenders are Defaulting Lenders:

	 	(i)	 	any Lender which has notified the Agent that it has become a
Defaulting Lender;
	 
	 	(ii)	 	any Lender the Agent relates to any of the events or circumstances
referred to in paragraphs (a), (b) or (c) of the definition of “Defaulting
Lender” which might have occurred,

	 	 	 	unless it has received notice to the contrary from the Lender concerned (together
with any supporting evidence reasonably requested by the Agent) or the Agent is
otherwise aware that the Lender has ceased to be a Defaulting Lender.

	36.5	 	Replacement of a Defaulting Lender

	 	(a)	 	The Company may, at any time a Lender has become and continues to be a
Defaulting Lender, by giving 10 Business Days’ prior written notice to the Agent and
such Lender, replace such Lender by requiring such Lender to (and such Lender shall)
transfer pursuant to Clause 25 (Changes to the Lenders) all (and not part only) of its
rights and obligations under this Agreement to a Lender or other bank, financial
institution, trust, fund or other entity (a “Replacement Lender”) selected by the
Company, and which (unless the Agent is an Impaired Agent) is acceptable to the Agent
(acting reasonably) which confirms its willingness to assume and does assume all the
obligations or all the relevant obligations of the transferring Lender (including the
assumption of the transferring Lender’s participations or unfunded participations (as
the case may be) on the same basis as the transferring Lender) for a purchase price in
cash payable at the time of transfer equal to the outstanding principal amount of such
Lender’s participation in the outstanding Loans and all accrued interest, Voluntary
Prepayment Fees and other amounts payable in relation to such Loans under the Finance
Documents.
	 
	 	(b)	 	Any transfer of rights and obligations of a Defaulting Lender pursuant to
this Clause shall be subject to the following conditions:

	 	(i)	 	the Company shall have no right to replace the Agent;
	 
	 	(ii)	 	neither the Agent nor the Defaulting Lender shall have any
obligation to the Company to find a Replacement Lender;
	 
	 	(iii)	 	the transfer must take place no later than five Business Days
after the notice referred to in paragraph (a) above; and
	 
	 	(iv)	 	in no event shall the Defaulting Lender be required to pay or
surrender to the Replacement Lender any of the fees received by the Defaulting
Lender pursuant to the Finance Documents.

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	36.6	 	Non-response
	 
	 	 	If a Lender does not accept or reject a request for a proposed amendment or waiver within
fifteen (15) Business Days of it being made (or such longer time period as the Company may
specify) its Commitment and participation in Loans will not be included in determining
whether the Lenders or Majority Lenders have consented to the proposed amendment or waiver,
provided that Lenders, whose Commitments aggregate at least fifty per cent (50%) of the
Total Commitments have responded to the request for the proposed amendment or waiver within
fifteen (15) Business Days of it being made.

SECTION 12

GOVERNING LAW AND JURISDICTION

	37.	 	GOVERNING LAW

	 	 	This Agreement and all non-contractual obligations arising from or connected with it are
governed by the laws of Spain.

	38.	 	JURISDICTION

	 	 	Each of the Parties irrevocably agrees that the courts of Madrid capital shall have
jurisdiction over any dispute, lawsuit, act or proceedings and will also have jurisdiction
to settle any dispute arising out of or in connection with this Agreement and, for such
reason, they irrevocably submit themselves to such courts, expressly waiving any right to
any other jurisdiction which may correspond.

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In witness whereof, the Parties sign this Agreement in one single copy and for one sole purpose to
be raised to public document status before the Madrid Notary, Mr. Juán Álvarez-Sala Walther, in the
place and on the date indicated ut supra.

[SIGNATURES]

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In witness whereof, the Parties sign this Agreement in one single copy and for one sole purpose to
be raised to public document status before the Madrid Notary, Mr. Juán Álvarez-Sala Walther, in the
place and on the date indicated ut supra.

	 	 	 
	TELVENT GIT, S.A.
	 	 
	 
	/s/ Luis Miguel Martínez Jurado
	 	/s/ Fernando Saavedra Obermann
	 

	 	 
	Mr. Luis Miguel Martínez Jurado

	 	Mr. Fernando Saavedra Obermann
	 
	 	 
	ING BELGIUM S.A. SUCURSAL EN ESPAÑA
	 	 
	 
	 	 
	/s/ Christophe Poos
	 	/s/ Mónica Martínez Mendizabal
	 

	 	 
	Mr. Christophe Poos

	 	Ms Mónica Martínez Mendizabal
	 
	 	 
	CAJA DE AHORROS Y MONTE DE PIEDAD
DE MADRID

	 	 
	 
	 	 
	/s/ Jorge Luis Salamero Sanz
	 	/s/ Emilio Recoder Monasterio
	 

	 	 
	Mr. Jorge Luis Salamero Sanz

	 	Mr. Emilio Recoder Monasterio
	 
	 	 
	CAIXA D’ ESTALVIS I PENSIONS DE
BARCELONA
	 	 
	 
	 	 
	/s/ Thomas Ole Sigurd Getz
	 	/s/ José Ignacio Zamacois Alonso
	 

	 	 
	Mr. Thomas Ole Sigurd Getz

	 	Mr. José Ignacio Zamacois Alonso
	 
	 	 
	BARCLAYS BANK, S.A.
	 	 
	 
	 	 
	/s/ Wouter Lauwaars
	 	/s/ Pedro Menéndez Cuiñas
	 

	 	 
	Mr. Wouter Lauwaars

	 	Mr. Pedro Menéndez Cuiñas

 

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	THE ROYAL BANK OF SCOTLAND PLC
	 	 
	 
	 	 
	/s/ Luis Mármol Ortí
	 	/s/ Ignacio Madurga Garcia-Alegre
	 

	 	 
	Mr. Luis Mármol Ortí

	 	Mr. Ignacio Madurga Garcia-Alegre
	 
	 	 
	FIFTH THIRD BANK
	 	 
	 
	 	 
	/s/
Sergio Casado Gámez
	 	 
	 

	 	 
	Mr. Sergio Casado Gámez

	 	 
	 
	 	 
	ING BANK N.V., LONDON BRANCH
	 	 
	 
	 	 
	/s/ Sergio Casado Gámez
	 	 
	 

	 	 
	Mr. Sergio Casado Gámez
	 	 
	 
	 	 
	TELVENT EXPORT, S.L.
	 	 
	 
	 	 
	/s/ Luis Miguel Martínez Jurado

	 	/s/ Fernando Saavedra Obermann
	 

	 	 
	Mr. Luis Miguel Martínez Jurado

	 	Mr. Fernando Saavedra Obermann
	 
	 	 
	TELVENT TRÁFICO Y TRANSPORTE, S.A.
	 	 
	 
	 	 
	/s/ Luis Miguel Martínez Jurado

	 	/s/ Fernando Saavedra Obermann
	 

	 	 
	Mr. Luis Miguel Martínez Jurado

	 	Mr. Fernando Saavedra Obermann
	 
	 	 
	TELVENT ENERGÍA, S.A.
	 	 
	 
	 	 
	/s/ Luis Miguel Martínez Jurado

	 	/s/ Fernando Saavedra Obermann
	 

	 	 
	Mr. Luis Miguel Martínez Jurado

	 	Mr. Fernando Saavedra Obermann
	 
	 	 
	TELVENT HOUSING, S.A.
	 	 
	 
	 	 
	/s/ Luis Miguel Martínez Jurado

	 	/s/ Fernando Saavedra Obermann
	 

	 	 
	Mr. Luis Miguel Martínez Jurado

	 	Mr. Fernando Saavedra Obermann

 

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	TELVENT OUTSOURCING, S.A.
	 	 
	 
	 	 
	/s/ Luis Miguel Martínez Jurado

	 	/s/ Fernando Saavedra Obermann
	 

	 	 
	Mr. Luis Miguel Martínez Jurado

	 	Mr. Fernando Saavedra Obermann
	 
	 	 
	TELVENT SERVICIOS COMPARTIDOS, S.A.
	 	 
	 
	 	 
	/s/ Luis Miguel Martínez Jurado

	 	/s/ Fernando Saavedra Obermann 
	 

	 	 
	Mr. Luis Miguel Martínez Jurado

	 	Mr. Fernando Saavedra Obermann

 

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	TELVENT INTERACTIVA, S.A.
	 	 	 	 
	 
	 	 	 	 
	/s/ Luis Miguel Martínez Jurado
	 	/s/ Fernando Saavedra Obermann
	 

Mr. Luis Miguel Martínez Jurado

	 	 

Mr. Fernando Saavedra Obermann
	 	 
	 
	 	 	 	 
	TELVENT ENVIRONMENT, S.A.
	 	 	 	 
	 
	 	 	 	 
	/s/ Luis Miguel Martínez Jurado
	 	/s/ Fernando Saavedra Obermann
	 

Mr. Luis Miguel Martínez Jurado

	 	 

Mr. Fernando Saavedra Obermann
	 	 
	 
	 	 	 	 
	MATCHMIND HOLDING, S.L.
	 	 	 	 
	 
	 	 	 	 
	/s/ Luis Miguel Martínez Jurado
	 	/s/ Fernando Saavedra Obermann
	 

Mr. Luis Miguel Martínez Jurado

	 	 

Mr. Fernando Saavedra Obermann
	 	 

   

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SCHEDULE 1

LENDERS

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Commitment (in Euros)	 
	Lender	 	Facility A	 	 	Facility B	 	 	Total	 
	BARCLAYS BANK S.A.
	 	 	16,184,506.59	 	 	 	13,815,493.41	 	 	 	30,000,000	 
	ING BELGIUM S.A. SUCURSAL EN ESPAÑA
	 	 	24,381,227.90	 	 	 	20,618,772.10	 	 	 	45,000,000	 
	CAJA DE AHORROS Y MONTE DE PIEDAD DE MADRID
	 	 	11,764,705.88	 	 	 	8,235,294.12	 	 	 	20,000,000	 
	CAIXA D  ́ESTALVIS I PENSIONS DE BARCELONA
	 	 	16,184,506.59	 	 	 	13,815,493.41	 	 	 	30,000,000	 
	THE ROYAL BANK OF SCOTLAND N.V., SUCURSAL EN ESPAÑA
	 	 	16,184,506.59	 	 	 	13,815,493.41	 	 	 	30,000,000	 
	FIFTH THIRD
	 	 	10,928,961.75	 	 	 	9,071,038.25	 	 	 	20,000,000	 
	CAIXANOVA
	 	 	4,371,584.70	 	 	 	3,628,415.30	 	 	 	8,000,000	 

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SCHEDULE 2

CONDITIONS PRECEDENT

PART I

CONDITIONS PRECEDENT TO SIGNING OF THE AGREEMENT

	1.	 	This Agreement, duly executed and delivered by the Company and the Material
Subsidiaries established in Schedule 8 (Material Subsidiaries) with registered offices in
Spain and formalized as a Spanish public document (in the form of a public deed “escritura
pública”).
	 
	2.	 	A certified copy of the organizational documents “escritura de constitución” and
updated by-laws of the Company and each of the Material Subsidiaries established in Schedule 8
(Material Subsidiaries) with registered offices in Spain.
	 
	3.	 	The Hedging Structure Letter, duly executed and delivered by the Company.
	 
	4.	 	The updated Business Plan.
	 
	5.	 	The Original Financial Statements.
	 
	6.	 	A memorandum setting forth the definitive structure of the Corporate Restructuring
and a corporate organizational chart to reflect the Group  ́s corporate structure before and
after the Corporate Restructuring.
	 
	7.	 	A copy of the notarial document(s) evidencing the authority of the Company and the
Material Subsidiaries established in Schedule 8 (Material Subsidiaries) with registered
offices in Spain to execute the Finance Documents and related documents in their own name.
	 
	8.	 	A copy of a resolution of the board of directors of each of the Material
Subsidiaries established in Schedule 8 (Material Subsidiaries) with registered offices in
Spain (certified by the board secretary) showing it is a limited liability company (sociedad
de responsabilidad limitada), approving the terms of, and the transactions contemplated by the
Finance Documents.
	 
	9.	 	“Know your customer” and/or money laundering documentation that any of the Finance
Parties might reasonably require for the effects of complying with applicable regulations.

PART II

CONDITIONS PRECEDENT FOR THE FIRST LOAN

	1.	 	An Accession Letter executed and delivered by the Material Subsidiaries established
in Schedule 8 (Material Subsidiaries) without registered offices in Spain, formalized as a
Spanish public document (in the form of a public deed “escritura pública”).
	 
	2.	 	A copy of the notarial document(s) evidencing the authority of the Material
Subsidiaries established in Schedule 8 (Material Subsidiaries) without registered offices in
Spain to execute the corresponding Finance Documents and related documents on their own
behalf.

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	3.	 	If required by the relevant law, a copy of a notarized resolution of the general
meeting of shareholders (or equivalent body) of each of the Material Subsidiaries established
in Schedule 8 (Material Subsidiaries) without registered offices in Spain, approving the terms
of, and the transactions contemplated by, the Finance Documents.
	 
	4.	 	The following legal opinions, each addressed to the Agent and the Lenders:

	 	(a)	 	A legal opinion of Cuatrecasas, Gonçalves Pereira, legal counsel to the
Agent and the Arrangers, as to Spanish law, in form and substance satisfactory to the
Agent. This legal opinion shall deal with aspects of the financial assistance of the
Corporate Restructuring pursuant to Spanish law.
	 
	 	(b)	 	Any legal opinions required by the Spanish legal counsel of the Agent
relating to the Material Subsidiaries established in Schedule 8 (Material Subsidiaries)
without registered offices in Spain in relation to their authority to grant adhesion to
the Agreement, which are to the satisfaction of the Spanish legal counsel of the Agent
in the terms previously agreed on the date of this Agreement.

	 	 	In the case of section (b), the condition will be deemed to have been met through the
delivery of the original copies of the said legal opinions, with original versions having to
be delivered as soon as possible.
	 
	5.	 	The Agent must have been paid, on account of the Agent and the Lenders, accordingly,
all fees and expenses (including reasonable lawyer fees and expenses).
	 
	6.	 	Devoting the first Loan to the purposes established in Clause 3.1 (Use of proceeds)
through an irrevocable payment order.
	 
	7.	 	The Abengoa Facility must have been duly subscribed and a copy of the same delivered
to the Agent. To such end, this condition will be deemed to have been met to the satisfaction
of the Lenders providing (i) such Abengoa Facility has been subscribed in the terms required
under the definition established for the same in Clause 1 of this Agreement, and (ii) that the
clauses of such facility in no way contravene the aforementioned requisites.
	 
	8.	 	Where legally required, a copy of form PE-1 duly completed by the Bank of Spain
granting the Facility a financial transaction number (Número de Operación Financiera) (NOF).

PART III

CONDITIONS PRECEDENT REQUIRED TO BE

DELIVERED BY AN ADDITIONAL GUARANTOR

	1.	 	An Accession Letter executed by the Additional Guarantor and the Company duly
formalized as a Spanish public document (in the form of an escritura pública).

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	2.	 	A certified copy of the constitutional documents (escritura de constitución) and
updated by-laws of the Additional Guarantor (or a literal certified copy issued by the
relevant Mercantile Registry).
	 
	3.	 	A copy of the notarial document(s) evidencing the authority of the relevant
signatories to execute the Finance Documents and related documents on behalf of each
Additional Guarantor.
	 
	4.	 	If required by the relevant law (in the case of an Additional Guarantor which is a
Spanish Obligor, only in respect of sociedades de responsabilidad limitada), a copy of a
notarized resolution of the general meeting of shareholders (or equivalent body) of each such
Additional Guarantor without registered offices in Spain, approving the terms of, and the
transactions contemplated by, the Finance Documents.
	 
	5.	 	The latest audited (if legally obliged to have them audited) financial statements of
the Additional Guarantor.
	 
	6.	 	The following legal opinions, each addressed to the Agent and the Lenders:

	 	(a)	 	A legal opinion of Cuatrecasas, Gonçalves Pereira, legal counsel to the
Agent and the Arrangers, as to Spanish law, in form and substance satisfactory to the
Agent (in the case of an Additional Guarantor which has its registered offices in
Spain).
	 
	 	(b)	 	Any legal opinions required by the Spanish legal counsel of the Agent
relating to the Additional Guarantors without registered offices in Spain in relation
to their authority to grant adhesion to the Agreement as Guarantor, which are to the
satisfaction of the Spanish legal counsel of the Agent.

	7.	 	“Know your customer” and/or money laundering documentation that any of the Finance
Parties might reasonably require for the effects of complying with applicable regulations in
respect of the Additional Guarantor.

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SCHEDULE 3

LOAN REQUESTS

	 	 	 

	From:

	 	Telvent GIT, S.A.
	To:

	 	ING Bank N.V., London Branch
	Date:

	 	[•]
	Re:

	 	Facility Agreement Loan dated [ ] de 2010

Dear Sirs

We refer to the facility agreement of [date] 2010 subscribed between Telvent GIT, S.A. as borrower,
various companies of its group as Guarantors, and a syndicate of finance parties as Lenders, in
which ING Bank N.V., London Branch currently has the role of Agent, as this agreement was notarized
on the same date under a record of the Madrid notary Mr. [ ] (hereinafter, as amended or
complemented from time to time, the “Facility Agreement”).

The terms in capitals in this request shall have the same meaning as attributed to them in the
Facility Agreement.

We hereby request a Loan under the Facility Agreement in the following conditions:

	 	•	 	Amount:
	 
	 	•	 	Facility to which the requested Loan is to be charged:
	 
	 	•	 	Interest Period chosen:

In relation to this provision, we hereby represent and warrant as follows:

	 	(i)	 	This day, the Repeating Representations set forth in Clause 20
(“Representations and warranties”) of the Facility Agreement are in full force.
	 
	 	(ii)	 	We are not involved in any of the Events of Default set forth in Clause 24
(“Events of Default”) of the Facility Agreement, nor will be so as a result of the Loan
requested.
	 
	 	(iii)	 	Each and every one of the conditions precedent for the provision have been met
in accordance with Clause 4.2 of the Facility Agreement.
	 
	 	(iv)	 	The funds for the Loan requested are devoted to satisfying the purposes
established in the Facility Agreement.

Yours
faithfully,

	 	 	 

	 
	 

	 	 
	Mr. [•]
	 	 
	p.p.
	 	 
	Telvent GIT, S.A.
	 	 

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SCHEDULE 4

REFINANCED LINES

In thousands of euros.

	 	 	 	 	 	 	 	 	 	 	 

	 	 	Telvent GIT:
	 	 	 	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	•	 	Syndicated Loan signed on 09/12/08 and amended on 05/21/09
	 	 	 	 	 	 	56,612.00	 
	 	 	Lenders:
	 	 	 	 	 	 	 	 
	 	 	Caja Madrid:
	 	 	20,085.00	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	 	 	ING:
	 	 	21,915.00	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	 	 	La Caixa:
	 	 	14,612.00	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	•	 	La Caixa Bilateral
	 	 	 	 	 	 	5,000.00	 
	 	 	 
	 	 	 	 	 	 	 	 
	 	 	Telvent Housing:
	 	 	 	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	•	 	Sale & Leaseback
	 	 	 	 	 	 	14,854.80	 
	 	 	Lenders:
	 	 	 	 	 	 	 	 
	 
	 	 	ING:
	 	 	9,428.10	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	 	 	Cr. Agricole
	 	 	4,006.80	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	 	 	Bancantabria
	 	 	1,419.90	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	 	 	Telvent Traffic NorthAmerica
	 	 	 	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	•	 	Bank of America
	 	 	 	 	 	 	18,173.90	 

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SCHEDULE 5

DTN SUBORDINATION TERMS

Status of the Notes and Subordination

The Notes constitute direct and (subject to Condition [•] (Negative Pledge)) unsecured obligations
(créditos ordinarios) of the Issuer and rank pari passu and rateably, without any preference among
themselves and shall rank, save for the Senior Facility (as specified below), at least equally
with all other present and future unsecured and unsubordinated obligations of the Issuer, save for
such obligations that may be preferred by provisions of law that are mandatory and of general
application.

The Issuer’s payment obligations under the Notes will be subordinated to the payment obligations
of the Issuer in respect of the Senior Facility to the effect that in the event that the Issuer is
in liquidation (liquidación), subject to insolvency proceedings (concurso) or generally unable to
meet its payment obligations, the Noteholders’ entitlement to any payment to be received in
respect of the Notes will be subordinated.

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SCHEDULE 6

FORM OF ACCESSION LETTER

In [•], on [date].

Before me, Mr. [•], member of the Professional Notaries’ Association of [•], there appears Mr. [•]
acting on behalf of [corporate name of the Guarantor adhering to the Agreement], a [•Spanish]
company, with registered offices in [•], with tax identification number (NIF/CIF) [•], by virtue of
[details of power].

HE STATES

That pursuant to the terms of the facility agreement of [date] 2010 subscribed between Telvent GIT,
S.A. as borrower, various companies of its group as Guarantors, and a syndicate of finance parties
as Lenders, in which ING Bank N.V., London Branch currently has the role of Agent, as this
agreement was notarized on the same date under a record of the Madrid notary Mr. [ ] (hereinafter,
as amended or complemented from time to time, the “Facility Agreement”), [Guarantor adhering to the
Agreement] is interested in adhering to the Facility Agreement as Guarantor.

The terms defined in the Facility Agreement shall have the same meaning in this document.

HE GRANTS AS FOLLOWS

	1.	 	By virtue of the foregoing, [company adhering to the Facility Agreement] hereby adheres to
the Facility Agreement as Guarantor in the terms and conditions set forth in such Facility
Agreement.
	 
	2.	 	[Company adhering to the Facility Agreement] hereby adheres to the Facility Agreement,
granting on this date, to the extent corresponding, the same formal warranties as made in
Clause 20 of the Facility Agreement for the Guarantors.
	 
	3.	 	[Company adhering to the Facility Agreement], from this date of grant, hereby becomes a
Guarantor in the terms expressly established in Clause 19 (“Joint and several guarantee”) of
the Facility Agreement.
	 
	4.	 	[The guarantee is subject to the following limitations pursuant to mandatory legislation
applicable in its jurisdiction:]

I, the Notary, having made the appropriate legal notices, attest to the identity of Mr. [•] and Mr.
[•], to their signatures, to their authority to grant this document in their positions as

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representatives, and to the entire content of this document, which I sign and stamp in the place
and on the date indicated ut supra.

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SCHEDULE 7

FORM OF RATIO COMPLIANCE CERTIFICATE

[Name of the Agent]

[Address]

[Contact person]

[Place and date]

Ref. Financing agreement of March XX 2010

Dear Sirs

We refer to the Facility Agreement (“Facility Agreement”) dated March 22, 2010, raised to public
document status through a deed of the same sate authorized by the Madrid Notary Mr. Juan
Alvarez-Sala Walther, signed by Telvent GIT, S.A. as the Company, certain companies of its group
as Guarantors and a syndicate of finance entities as Lenders, in which you hold the position of
Agent.

The terms in capitals contained in this Ratio Compliance Certificate not specifically defined
herein shall have the meaning attributed to them in the Facility Agreement.

Through this document we hereby confirm that:

(i) the Interest Cover Ratio is: • , calculated according to [the Lender’s consolidated
audited Financial Statements closed on 31 December • / the Lender’s consolidated audited
Financial Statements closed on 30 June • ];

(ii) the Leverage Ratio is: • , calculated according to [the Lender’s consolidated audited
Financial Statements closed on 31 December • / the Lender’s consolidated audited Financial
Statements closed on 30 June • ];

(iii) the Material Subsidiaries according to [the Lender’s consolidated audited Financial
Statements closed on • are:

• ,

• ,

• ; y

(iv) the Guarantors which, together with the Lender, represent at least 85% of the total
consolidated assets and 85% of the consolidated EBITDA and 85% of the consolidated income,
excluding in all cases Non-Recourse Assets, pursuant to [the Lender’s consolidated audited
Financial Statements closed on 31 December • ] son

	 	 	 	 	 	 	 
	Name of the	 	% of consolidated	 	% of consolidated	 	% of total
	Company	 	income	 	EBITDA	 	consolidated assets
	•

	 	•
	 	•
	 	•

	 	 	 

	 

[Name of signatory]

	 	 

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Telvent GIT, S.A.

[In the event the Ratio Compliance Certificate is delivered together with the Annual Financial
Statements, insert text of certification of auditors, as well as Pro-Forma Financial
Statements]

	 	 	 
	 
	 

[Name of signing auditor]

	 	 
	[Signature of auditors]
	 	 

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SCHEDULE 8

MATERIAL SUBSIDIARIES

	 	 	 	 	 	 	 	 	 
	 	 	 	 	Jurisdiction of	 	 	 	 
	Name	 	Tax Number	 	Incorporation	 	Registration Data	 	Address & Fax No
	Telvent Export, S.L.
	 	B-85.506.905
	 	Spain
	 	Madrid Commercial

Registry. Volume

25964, folio 56,

section 8, page

M-468019
	 	C/ Valgrande 6.

28108 Alcobendas

(Madrid)

Fax. 91 714 70 01
	 	 	 	 	 	 	 	 	 
	Telvent Tráfico y 

Transporte, S.A.
	 	A-78.107.349
	 	Spain
	 	Madrid Commercial

Registry. Volume

825, folio 109,

section 3, page

6840, entry 1.
	 	C/ Valgrande 6.

28108 Alcobendas

(Madrid)

Fax. 91 714 70 01
	 	 	 	 	 	 	 	 	 
	Telvent Energía, 

S.A.
	 	A-28.114.981
	 	Spain
	 	Madrid Commercial

Registry. Volume

1.612, folio 1,

section 3, page

M-7367, entry 1.
	 	C/ Valgrande 6.

28108 Alcobendas

(Madrid)

Fax. 91 714 70 01
	 	 	 	 	 	 	 	 	 
	Telvent Housing, S.A
	 	A-82.232.448
	 	Spain
	 	Madrid
Commercial

Registry. Volume

81, section 8, page

M-227370, entry 1.
	 	C/ Valgrande
6.

 28108 Alcobendas

(Madrid)

Fax. 91 714 70 01
	 	 	 	 	 	 	 	 	 
	Telvent 

Outsourcing, S.A.
	 	A-41.696.097
	 	Spain
	 	Seville Commercial

Registry. Volume

2062.,folio 213

section 8, page SE-

20857
	 	C/ Valgrande 6.

28108 Alcobendas

(Madrid)

Fax. 91 714 70 01
	 	 	 	 	 	 	 	 	 
	Telvent Servicios 

Compartidos, S.A.
	 	A-83.048.553
	 	Spain
	 	Madrid Commercial

Registry. Volume

16.852, folio 109,

section 8, page

M-286179
	 	C/ Valgrande 6.

28108 Alcobendas

(Madrid)

Fax. 91 714 70 01
	 	 	 	 	 	 	 	 	 
	Telvent 

Interactiva, S.A.
	 	A-91.060.178
	 	Spain
	 	Seville Commercial

Registry. Volume

3096, folio 38,

section 8, page

SE-41024
	 	C/ Valgrande 6.

28108 Alcobendas

(Madrid)

Fax. 91 714 70 01
	 	 	 	 	 	 	 	 	 
	Telvent 

Environment, S.A.
	 	A-41168899
	 	Spain
	 	Seville Commercial

Registry. Volume

826, folio 65,

section 3, page

SE-12409
	 	C/ Valgrande 6.

28108 Alcobendas

(Madrid)

Fax. 91 714 70 01

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Table of Contents

	 	 	 	 	 	 	 	 	 
	 	 	 	 	Jurisdiction of	 	 	 	 
	Name	 	Tax Number	 	Incorporation	 	Registration Data	 	Address & Fax No
	Matchmind Holding, 

S.L.
	 	B-84.057.983
	 	Spain
	 	Madrid Commercial

Registry. Volume

20449, book 0,

folio 58, section

8, page: M-361697,

entry 2.
	 	C/ Valgrande 6.

28108 Alcobendas

(Madrid)

Fax. 91 714 70 01
	 	 	 	 	 	 	 	 	 
	Telvent Farradyne 

Inc.
	 	52-1366064
	 	U.S.A.
	 	Maryland State

Incorporation: DO

1815687
	 	1390 Piccard Drive,

Suite 200.

Rockvile, Maryland

20850.

Fax. (301) 354-5567
	 	 	 	 	 	 	 	 	 
	Telvent USA Inc.
	 	36-4334564
	 	U.S.A.
	 	Texas State

Incorporation:

1561667-00
	 	7000A Hollister Rd.

Houston, Texas

77040.

Fax. (713) 939-0393
	 	 	 	 	 	 	 	 	 
	Telvent DTN Inc.
	 	20-5551424
	 	U.S.A.
	 	Delaware

Incorporation:

[...]
	 	Corporation Service

Company

-2711 Centerville

Road-Suite 400-City

of Wilmington-

County of New

Castle-19808-

Omaha, Nebraska
	 	 	 	 	 	 	 	 	 
	Telvent Canada, Ltd.
	 	121751283
	 	Canada
	 	Industry Canada

Registration

2326426
	 	10333 Southport rd

SW. Calgary,

Alberta, Canada

T2W3X6.

Fax. (403) 259-2926
	 	 	 	 	 	 	 	 	 
	Telvent Brasil, S.A.
	 	31.432.685/0001-79
	 	Brazil
	 	Secretary of Trade

and Commerce and

Board of Commerce

of the State of Rio

de Janeiro, dated

June 6, 1987.
	 	R. Pedro Alves

40/42. Santo Cristo

— Rio de Janeiro.

Fax. 0055 21 21 79

34 92
	 	 	 	 	 	 	 	 	 
	Telvent México, 

S.A. de Capital 

Variable
	 	TME9006203Q6
	 	Mexico
	 	Public Commercial
Registry on

Commercial Folio no

133.759
	 	Bahía de Santa

Bárbara 174. C.P.

11300. Colonia: Verónica Anzures ,

Mexico, DF

Fax. 525530672900

- 99 -

Table of Contents

SCHEDULE 9

CORPORATE RESTRUCTURING STRUCTURE

[See corresponding schedule in the Facility Agreement raised to public status by virtue of a deed
granted on 23 March 2010 before Juan Alvarez-Sala Walther, notary of Madrid and member of the
Madrid Professional Notaries’ Association, under number 445 of his official records].

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Table of Contents

SCHEDULE 10

EXISTING FINANCIAL INDEBTEDNESS

	 	 	 	 	 	 	 	 	 

	In thousands of euros (unless otherwise stated):
	 
	 	 	 	 	 	 	 	 
	 	 	Telvent GIT:	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	•	 	Syndicated Loan signed on 09/12/08 and amended on 05/21/09	 	 	56,612.00	 
	 	 	Lenders:	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Caja Madrid:
	 	 	20,085.00	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	ING:
	 	 	21,915.00	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	La Caixa:
	 	 	14,612.00	 
	 
	 	 	 	 	 	 	 	 
	•	 	La Caixa Bilateral	 	 	5,000.00	 
	 
	 	 	 	 	 	 	 	 
	•	 	Abengoa Credit Facility signed on 1/01/2010	 	 	147,379.00	 
	 
	 	 	 	 	 	 	 	 
	•	 	Convertible bonds	 	US$	200,000.00	 
	 
	 	 	 	 	 	 	 	 
	 	 	Telvent Housing:	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	•	 	Sale & Leaseback	 	 	14,854.80	 
	 

	 	 	 	Lenders:	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	ING:
	 	 	9,428.10	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Cr. Agricole
	 	 	4,006.80	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Bancantabria
	 	 	1,419.90	 
	 
	 	 	 	 	 	 	 	 
	•	 	Liscat	 	 	703.70	 
	 
	 	 	 	 	 	 	 	 
	 	 	Telvent Traffic NorthAmerica	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	•	 	Bank of America	 	 	18,173.90	 
	 
	 	 	 	 	 	 	 	 
	 	 	Telvent Tráfico y Transporte (50%) & Telvent Interactiva (50%)	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	•	 	Unicaja	 	 	9,976.70	 
	 
	 	 	 	 	 	 	 	 
	 	 	Telvent Tráfico y Transporte	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	•	 	Natixis	 	 	8,941.60	 

- 101 -

Table of Contents

	 	 	 	 	 	 	 	 	 

	 	 	Telvent China	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	•	 	Bank of Communications	 	 	637.60	 
	 
	 	 	 	 	 	 	 	 
	 	 	Beijing Blue Shield	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	•	 	Citibank	 	 	1,046.10	 
	 
	 	 	 	 	 	 	 	 
	 	 	Matchmind	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	•	 	Caixa Catalunya	 	 	152.40	 
	•	 	Bankinter	 	 	951.70	 
	•	 	Sabadell	 	 	768.20	 
	•	 	Caja Madrid	 	 	637.00	 
	•	 	La Caixa	 	 	944.30	 
	•	 	Banco Cooperativo	 	 	993.00	 
	•	 	Caixanova	 	 	997.20	 
	 
	 	 	 	 	 	 	 	 
	 	 	Telvent USA	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	•	 	Deutsche Bank	 	 	13,012.50	 
	 
	 	 	Telvent Canada	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	•	 	ABN-Amro	 	 	2,150.80	 
	 
	 	 	 	 	 	 	 	 
	 	 	Corporate	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	•	 	Intercompany Confirming	 	 	31,791.00	 
	•	 	Leases (*)	 	 	5,794.00	 
	•	 	Amex & Diners (*)	 	 	3,375.00	 

 

			
	(*)	 	The amounts relating to Leases and Amex & Dinners are dated 12.31.2009 due to the complexity
in obtaining these balances on dates different to quarterly closures.

- 102 -

Table of Contents

SCHEDULE 11

EXISTING SECURITIES

	•	 	Mortgage guarantee over the properties of the Telvent China offices relating to
the mortgage loan granted by Bank of Communications.

- 103 -

Table of Contents

SCHEDULE 12

FORMS OF LOAN ADHESION AND COMMITMENT INCREASE DOCUMENTS

ADHESION DOCUMENT FORM

[before a commissioner for oaths]

In [•], on [•] [•].

ING BANK N.V. LONDON BRANCH, (hereinafter, the “Agent”), represented herein by [•], of legal age,
of [•] nationality and bearers of [•], in force, numbers [•] respectively. They act by virtue of
the power of attorney granted before the Madrid Notary [•], on [•], under number [•] of his/her
official records.

[credit entity adhering to the Agreement], company of [•] nationality, holder of Tax Identity Code
number [•] with registered office at Calle [•]; [•], (hereinafter, the “Lender”) represented herein
by [•], of legal age, of Spanish nationality and bearer of valid Tax Identification Number [•]
respectively. He/she acts by virtue of the power of attorney granted before the Madrid Notary [•],
on [•], under number [•] of his/her official records.

TELVENT GIT, S.A., Spanish company with Tax Identity Code number A-82631623 and corporate
headquarters in Alcobendas (Madrid) at Calle Valgrande 6, recorded in the Mercantile Registry of
Madrid in Volume 15370, Folio 164, Page m257879 (hereinafter, the “Company” or the “Borrower”),
represented herein by [•], of legal age, of [•] nationality, with address at [•] and bearer of
National Identity Card / Tax Identification Number [•].He/she acts by virtue of the power of
attorney granted before the Madrid Notary [•], on [•], under number [•] of his/her official
records.

THEY STATE

That pursuant to the terms of the Facility Agreement (as amended or complemented from time to time)
raised to public status dated 23 March 2010 through a deed granted before the Madrid Notary Juan
Alvarez-Sala Walther, executed by, inter alia, the Company, various companies of its group as
Guarantors, the Agent and certain finance parties as Lenders, (hereinafter, the “Facility”), the
[credit entity adhering to the Agreement] wishes to adhere to the Facility as Lender by virtue of
the provisions of Clause 2.2 of the Facility. The terms defined in the Facility will have the same
meaning in this document.

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Table of Contents

THEY GRANT

	1.	 	That by virtue of the foregoing, [credit entity adhering to the Agreement] hereby adheres to
the Facility as Lender in identical terms and conditions as those set forth in such Facility
for the Lenders.

	2.	 	That [credit entity adhering to the Agreement] will be bound to the Facility like the rest of
the Lenders.

	3.	 	That [credit entity adhering to the Agreement] hereby adheres to the Facility, executing on
this date the same formal declarations initially made in the Facility for the rest of the
Lenders.

	4.	 	That [credit entity adhering to the Agreement] adheres to the Facility, assumes all rights
and obligations of whatever class involved in the position of Lender by virtue of the
Facility.

	5.	 	That the Agent acknowledges notification of the grant of this adhesion for the amount of
[•]€, which [credit entity adhering to the Agreement] undertakes to pay in accordance with the
provisions of the Facility once all loan conditions have been met.

IN WITNESS WHEREOF and as a sign of acceptance, [credit entity adhering to the Agreement], the
Agent and the Borrower hereby sign this document on one (1) copy for one sole purpose, to be raised
immediately to public document status, in the place and on the date set forth ut supra.

[credit entity adhering to the Agreement]

	 

	____________________________

	Mr. / Ms. [•]

	 

	ING BANK N.V. LONDON BRANCH

	 

	_____________________________

	Mr. / Ms. [•]

	 

	TELVENT GIT, S.A.

	 

	_____________________________

	Mr. / Ms. [•]

- 105 -

Table of Contents

FORM OF INCREASE IN COMMITMENTS

[before a commissioner for oaths]

In [•], on [•] [•].

ING BANK N.V. LONDON BRANCH, (hereinafter, the “Agent”), represented herein by [•], of legal age,
of [•] nationality and bearers of [•], in force, numbers [•] respectively. They act by virtue of
the power of attorney granted before the Madrid Notary [•], on [•], under number [•] of his/her
official records.

[credit entity adhering to the Agreement], company of [•] nationality, holder of Tax Identity Code
number [•] with registered office at Calle [•]; [•], (hereinafter, the “Lender”) represented herein
by [•], of legal age, of Spanish nationality and bearer of valid Tax Identification Number [•]
respectively. He/she acts by virtue of the power of attorney granted before the Madrid Notary [•],
on [•], under number [•] of his/her official records.

TELVENT GIT, S.A., Spanish company with Tax Identity Code number A-82631623 and corporate
headquarters in Alcobendas (Madrid) at Calle Valgrande 6, recorded in the Mercantile Registry of
Madrid in Volume 15370, Folio 164, Page m257879 (hereinafter, the “Company” or the “Borrower”),
represented herein by [•], of legal age, of [•] nationality, with address at [•] and bearer of
National Identity Card / Tax Identification Number [•].He/she acts by virtue of the power of
attorney granted before the Madrid Notary [•], on [•], under number [•] of his/her official
records.

THEY STATE

That pursuant to the terms of the Facility Agreement (as amended or complemented from time to
time) raised to public status dated 23 March 2010 through a deed granted before the Madrid
Notary Juan Alvarez-Sala Walther, executed by, inter alia, the Company, various companies of its
group as Guarantors, the Agent and certain finance parties as Lenders, (hereinafter, the
“Facility”), the [credit entity increasing its Commitment in the Facility] wishes to increase
its participation in the Facility for an amount equal to [•]€by virtue of the provisions of
Clause 2.2 of the Facility, also undertaking to pay this in accordance with the provisions of
the Facility, once all loan conditions have been met.

IN WITNESS WHEREOF and as a sign of acceptance, [credit entity adhering to the Agreement], the
Agent and the Borrower hereby sign this document on one (1) copy for one sole purpose, to be raised
immediately to public document status, in the place and on the date set forth ut supra.

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Table of Contents

[credit entity increasing its Commitment in the Facility]

	 

	____________________________

	Mr. / Ms. [•]

	 

	ING BANK N.V. LONDON BRANCH

	 

	_____________________________

	Mr. / Ms. [•]

	 

	TELVENT GIT, S.A.

	 

	_____________________________

	Mr. / Ms. [•]

- 107 -

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