Document:

exv4w108

Exhibit 4.108

English Translation of Original Agreement

Reciprocal Loan Agreement

This Reciprocal Loan Agreement is entered into this 1st day of January 2010 by and
between:

Abengoa, S.A. (hereinafter referred to as “Abengoa”) with registered and tax address in Seville at
Avenida de la Buhaira, 2, 41018 Seville, Spain and duly registered in the Seville Companies
Registry in Volume 47, Sheet 2921, Folio 107, with Tax Information Number [***], and duly
represented by Mr. Luis Fernández Mateo, [***], as well as by Mr. José Marcos Romero, [***].

And:

Telvent GIT, S.A. (hereinafter referred to as “Telvent GIT”), a company incorporated under Spanish
Law, with registered address in Alcobendas, Madrid at Calle Valgrande, 6 and duly registered in
Madrid Companies Registry in Sheet No. 257879, Folio 164, Volume 15.370 of Companies and with Tax
Information Number [***] and, duly acting on its behalf, Mr. Fernando Saavedra Obermann,
[***], as well as by Mr. Francisco Javier Lebrero Burgos, [***].

Both parties mutually recognize they have sufficient capacity to enter into this Agreement and bind
the Companies they represent.

R e c i t a l

1.- Whereas, due to cash-flow needs and conveniences and in order to cover financial commitments
and to take advantage of cash surpluses both Parties may having during the term of this Agreement,
the Parties have agreed to reciprocally grant themselves a commercial loan which, for the purposes
of their respective interests, shall be governed by the following:

T e r m s   a n d   C o n d i t i o n s

First.- Each of the Parties grants to and opens for the other Party, which accepts and
receives it, a current account loan of up to the maximum amount of One Hundred Thirty-five Million
Euros (€135,000,000) or equivalent thereof in any other currency admitted to trading in the
Spanish foreign exchange market, without prejudice to the provisions set forth in Clause 2.4.

Second.-

	 	1.	 	Either of the Parties (hereinafter, the “Borrower”) shall give sufficient prior
notice of a drawdown of funds (hereinafter referred to as a “Request for Funds”) to the
other Party (hereinafter, the “Lender”), so that the latter may duly process the request
in time. Apart from specific exceptions to be dealt with on an individual basis, no
Request for Funds received after 12:00 noon on the day prior to the date scheduled for the
drawdown shall be granted. Abengoa’s working timetable in Seville shall be used for the
purposes of determining working days and hours.
	 
	 	2.	 	The Lender shall deposit into the Borrower’s account the sums the latter makes use
of, and the repayments the Borrower may make of the funds thus drawn shall be paid into
the same account. The daily balance that may thus result in the account shall accrue
interest in favor of the Lender at an annual interest rate of 8.35% and it shall be
calculated by the Hamburg method. The settlement and payment of interest shall be made at
the end of each financial year and at the time of the expiry of the credit.
Notwithstanding the foregoing, if it is advisable due to the external financial
circumstances, the interest rates may be amended with a mutual agreement in writing.
	 
	 	3.	 	Should the Lender in turn draw down (after having given the relevant prior notice)
funds belonging to the Borrower, such funds shall first be applied to offsetting the
credit balance of the former and any excess shall be construed as the balance. Hence, from
that moment on, the former Borrower shall become the Lender. The interest calculation
method mentioned in the foregoing paragraph shall then be applied to such balance.

 

	 	4.	 	Should a Request for Funds be made for an amount that results in an accumulated
amount exceeding the maximum limit set forth herein, the Lender may at its discretion
deposit into the account the amount needed to cover up to the maximum limit, or deposit
the total amount requested by the Borrower. In the latter case, it shall be construed that
a mutual agreement has been reached to change the loan’s maximum amount.

Trird.- The duration of this Agreement shall be indefinite. Notwithstanding the foregoing,
either Party may terminate this agreement giving prior written notice, at least 3 months in
advance.

Fourth.- The Borrower, whichever Party it may be at the time, may either wholly or
partially settle this loan early without suffering any kind of penalty whatsoever as a result
thereof.

Fifth.- All entitlements of any kind whatsoever, taxes, contributions and any expenses
that may arise as a result of this transaction shall be incurred by the Parties in proportion to
the amount and the time during which they have been the Borrower. Nevertheless, the Borrower at the
time shall be responsible for any expenses that it may incur for any kind of enforcement or
collection proceedings.

Sixth.- Either of the Parties may terminate this Agreement under the following
circumstances:

	 	a)	 	Due to a breach by the other Party of any of the clauses contained herein.
	 
	 	b)	 	The Party that is the Lender at the time, due to having challenged any bill accepted
from the Party that is the Borrower at the time or due to having brought any court or
administrative proceedings against the latter that may lead to a seizure or attachment of
its assets.
	 
	 	c)	 	Whenever the Party that is the Borrower at the time guaranties debts or allows them
to be guarantied through mortgages, pledges or any other liens, encumbrances or guaranties
on all or part of its current or future assets, entitlements, activities or revenue,
unless the Party that is the Lender at the time gives its consent thereof.
	 
	 	d)	 	Should the Party that is the Borrower at the time file for temporary receivership,
creditors’ arrangements, bankruptcy or public insolvency.

Any of the grounds for this Agreement’s termination shall automatically give rise to the loan’s
early maturity without the need for giving prior notice thereof. The Party that is at such time the
Lender may require performance of such obligation or the termination of this Agreement, without
prejudice to any other actions it may be entitled to under the Law.

Seventh.- The Parties agree that the stipulations set forth herein shall likewise apply in
whatever may turn out to be relevant to any loans or credits they may have granted to each other
prior to this Agreement, leading to either a novation or discharge of obligations.

Eighth.- For any disputes that may arise concerning the interpretation, fulfillment and/or
performance of this Agreement, the Parties hereby submit themselves to the jurisdiction of the
Courts of Seville, waiving any jurisdictional privileges they may enjoy.

In witness whereof, the parties have set their hands on two copies of this Agreement on the date
and in the place first mentioned above.

	 	 	 
	For Abengoa, S.A.

	 	For Telvent Git, S.A.
	 
	 	 
	/s/ Luis Fernández Mateo

	 	/s/ Fernando Saavedra Obermann
	 
	 	 
	/s/ José Marcos Romero

	 	/s/ Francisco Javier Lebrero Burgosexv4w109

Exhibit 4.109

SECOND AMENDMENT TO LEASE AGREEMENT

     This Second Amendment to Lease Agreement (this “Amendment”) is made and entered into this
1st day of February 2010 (the “Effective Date”) by and between BAKER HUGHES
INCORPORATED, a Delaware corporation (“Landlord”), and TELVENT USA, INC., a Texas corporation
(“Tenant”). Capitalized Terms used herein and not otherwise defined shall have the meanings
assigned to such terms in the Lease (hereinafter defined).

WITNESSETH:

     WHEREAS, Landlord and Tenant entered into that certain Lease Agreement dated October 16, 2003
(as amended, the “Lease”), pursuant to which Landlord agreed to lease to Tenant and Tenant agreed
to lease from Landlord approximately 48,177 square feet of office space (the “Premises”) in the
building located at 7000 Hollister, Houston, Texas (the “Building”); and

     WHEREAS, Landlord and Tenant extended the term of the Lease through November 30, 2012,
pursuant to that First Amendment to Lease Agreement dated April 25, 2007; and

     WHEREAS, Landlord and Tenant have agreed to expand the Premises to include additional square
footage; and

     WHEREAS, Tenant desires to undertake certain renovations to the expanded premises and has
requested Landlord’s consent thereto; and

     WHEREAS, Landlord has agreed to consent to such construction subject to the terms and
conditions set forth herein; and

     NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS:

     THAT, for and in consideration of the premises and of Ten and No/100 Dollars ($10.00) and
other good and valuable consideration paid by Tenant to Landlord, the receipt and sufficiency of
which are hereby acknowledged, Landlord and Tenant do hereby covenant and agree as follows:

     1. Premises. Commencing on the Effective Date, the term “Premises” shall be expanded
to include 4,255 square feet of Rentable Area (the “Expansion Premises”) located on the
3rd Floor of the Building as described on Exhibit A attached hereto.+ As of
the Effective Date, the Premises shall contain approximately 52,432 square feet of Rentable Area,
consisting of the original Premises and the Expansion Premises.

     2. Rent. Rent for the Expanded Premises shall be calculated at the same Rate currently
paid for a total of Fifty-one Thousand Sixty Dollars and No/100 Dollars ($51,060.00) per annum,
which amount shall be payable in equal monthly installments of Four Thousand Two Hundred Fifty-five and No/100 Dollars ($4,255.00), commencing on the
Effective Date and continuing thereafter on the first day of each calendar month through the end of
the Term. Total

 

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

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annual Rent for the Premises shall be Six Hundred Twenty-nine Thousand One Hundred
Eighty-four and No/100 Dollars ($629,184.00), due and payable in equal monthly installments of
$52,432.00, commencing on February 1, 2010 and continuing thereafter through the end of the Term.

     3. Consent. Subject to the terms and conditions set forth herein, Landlord hereby
consents to Tenant undertaking certain improvements and renovations to the Expansion Premises, said
approved improvements limited exclusively to the installation of additional electrical wiring and
HVAC system and the replacement of the floor covering (the “Improvements”) in the Expanded
Premises. Tenant may desire to undertake additional improvements to the Expanded Premises but such
improvements, including but not limited to any office build out, require Landlord’s consent as set
out in the Lease.

     4. Cost of the Improvements. Tenant shall be responsible for all costs and expenses in
connection with the Improvements, including, without limitation, the cost of design and
installation of the Improvements.

     5. Plans. Tenant shall use Energy Architects (“Architect”) to prepare complete plans
and specifications for any Improvements (the “Plans”), which Plans shall be subject to Landlord’s
approval. Landlord may require changes to the Plans and to the completion of the Improvements as
Landlord determines within reason to be appropriate in order to comply with the provisions of the
Lease, all applicable building and safety codes, and any other governmental and insurance
requirements. Approval by Landlord of any of the Plans shall not constitute a representation or
warranty of Landlord as to the completeness or design sufficiency of the Plans or the Improvements
to which they relate, for any use, purpose, or condition, or as to their compliance with any laws,
rules and regulations of governmental agencies or authorities, but such approval shall merely be
the consent of Landlord as required hereunder.

     6. Construction. (a) Tenant hereby agrees to construct the Improvements in a good and
workmanlike manner, in accordance with any and all Plans and Specifications and in compliance with
all applicable laws. Prior to commencing the Improvements, Tenant shall, at Tenant’s sole cost and
expense, obtain (i) all required building, occupancy, and other permits required by law, and (ii)
from each and every Contractor, proof of a policy of builder’s risk insurance in the amount of
$1,000,000.00 naming Landlord as loss payee. Tenant shall ensure that Contractor’s insurance names
Landlord as an additional insured, such insurance is primary to Landlord’s insurance

     (b) After Landlord approves the Plans, Tenant shall arrange for the completion of the
Improvements using exclusively Treadwell Electric Company for all electrical work and Architectural
Flooring for all flooring work (collectively, the “Contractor”) or such other contractors selected
by Tenant and reasonably acceptable to Landlord. Within ten (10) days following the completion of
the Improvements, Tenant shall provide Landlord with copies of the “as-built” Plans of the
Improvements. Tenant shall be responsible for ensuring the compliance of the Improvements with the
Americans with Disabilities Act, the Texas Architectural Barriers Act, life safety provisions of
any applicable building code(s) and any similar state or local laws (collectively, the “Acts”), and
Tenant covenants and agrees that the Improvements will be constructed in accordance with the
Acts. Tenant covenants and agrees to and does hereby indemnify, defend and hold Landlord
harmless from and against all liability

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(including, without limitation, attorneys’ fees and court costs) that Landlord may actually sustain
by reason of Tenant’s breach of its obligations under this Section 6.

     7. Liens. Should any mechanics’ or other liens be filed against any portion of the
Premises (or any other property of Landlord in the vicinity of the Premises) or any interest
therein by reason of Tenant’s acts or omissions or because of a claim against Tenant or its
contractors, Tenant shall cause the same to be canceled or discharged of record, or shall file a
bond sufficient to discharge such lien, within twenty (20) days after notice by Landlord. If Tenant
fails to cancel or discharge said lien or liens, or file a bond sufficient to discharge such lien
or liens, within said twenty (20) day period. Landlord may, at its sole option and in addition to
any other remedy of Landlord under the Lease, cancel or discharge the same and upon Landlord’s
demand, Tenant shall promptly reimburse Landlord for all costs incurred in canceling or discharging
such lien or liens.

     8. Disturbance. Tenant shall use its best efforts to construct the Improvements
without materially disrupting Landlord’s other Tenants at the Premises.

     9. Waiver and Indemnity. (a) In consideration of Landlord’s agreement to permit the
construction described herein, Tenant hereby waives and releases any and all claims in contract or
in tort against landlord for negligent entrustment and negligent hiring in connection with Tenant’s
use of Architect and Contractor.

     (b) To the extent it may lawfully do so and to the extent the following arises from Tenant’s
construction of the Improvements, Tenant shall indemnify, defend and hold harmless Landlord and
Landlord’s agents, directors, officers, employees, invitees, and contractors, from all claims,
demands, liabilities, losses, costs, damages, or expenses (including but not limited to attorneys’
fees) resulting or arising from any and all injuries to, including death of, any person or damage
to any property caused by (a) any act, omissions, or neglect of Tenant or Tenant’s directors,
officers, employees, agents, invitees, or guests, or any parties contracting with Tenant and (b)
any other accident or injury on or relating to the Premises and any sidewalk, street or other area
adjacent thereto.

     10. Surrender of Improvements. The Improvements shall become the property of Landlord
at the end of the Term and shall be surrendered to Landlord upon termination of the Lease, whether
by lapse of time or otherwise

     As hereby expressly amended, the Lease is ratified and confirmed to be in full force and
effect.

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     IN WITNESS WHEREOF, the parties have executed this Amendment on the dates set forth below but
effective as of the Effective Date.

	 	 	 	 	 
	Landlord:     

	 	BAKER HUGHES INCORPORATED.

a Delaware corporation

 	 
	 	By:  	/s/ John H. Lohman Jr.	 
	 	 	Name:  	John H. Lohman Jr.	 
	 	 	Title:  	Vice President	 
	 
	Tenant:         

	 	TELVENT USA, INC.,

a Texas corporation

 	 
	 	By:  	/s/ Tom Dilworth
 	 
	 	 	Name:  	Tom Dilworth 	 
	 	 	Title:  	CFO 	 
	 

Approved by Telvent Legal

/s/ Debora Wiebe              

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