Document:

Exhibit 10.8

EXHIBIT 10.8

Acknowledgement and Amendment of Employment Agreement

WHEREAS, the undersigned employee (the “Executive”) of Pride International, Inc. (the
“Company”) and the Company are parties to that certain Amended and Restated
Employment/Non-Competition/Confidentiality Agreement, effective as of December 31, 2008 (the
“Employment Agreement”); and

WHEREAS, the Company desires to terminate the car allowance benefit recited in Section 3.04 of
the Employment Agreement (the “Car Allowance”) in exchange for the Company’s agreement to reimburse
the Executive for up to $10,000 per calendar year of expenses the Executive incurs related to tax,
estate and/or financial advisory services (the “Financial Services”), subject to any conditions
specified by the Compensation Committee of the Company’s Board of Directors, including, but not
limited to, reimbursement in accordance with the requirements of Section 409A of the Internal
Revenue Code; and

WHEREAS, the Executive agrees to the termination of the Car Allowance in exchange for the
Financial Services benefit, subject to any conditions specified by the Compensation Committee of
the Company’s Board of Directors; and

WHEREAS, pursuant to Section 6.09 of the Employment Agreement, no provision of the Employment
Agreement may be amended, waived or discharged except by the mutual written agreement of the
parties.

NOW, THEREFORE, in consideration of the premises herein and the consideration recited above,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree to this
Acknowledgement and Amendment of the Employment Agreement (the “Amendment”), effective as of
January 1, 2010, as follows:

1. From and after January 1, 2010, the Executive hereby acknowledges that the Company is no
longer obligated to provide to the Executive the Car Allowance.

2. The Executive hereby waives any right to the Car Allowance and discharges the Company from
the obligation to provide the Car Allowance.

3. From and after January 1, 2010, the Company agrees to provide to Executive the Financial
Services benefit, subject to any conditions specified by the Compensation Committee of the
Company’s Board of Directors.

4. The Executive acknowledges that the Company’s ceasing to provide the Car Allowance does not
constitute an involuntary termination or a constructive termination under the Employment Agreement.

5. The Executive and the Company hereby agree that the Employment Agreement is deemed to be
amended and modified to affect the intent of this Amendment.

IN WITNESS WHEREOF, the Executive has hereunto set his hand, and the Company has caused these
presents to be executed in its name and on its behalf, on the dates indicated below, but effective
as of January 1, 2010.

	 	 	 	 	 	 	 
	EXECUTIVE	 	PRIDE INTERNATIONAL, INC.	 	 
	 
	 	 	 	 	 	 
	Kevin Robert
 

Name (please print)

	 	By:
	 	/s/ Lonnie D. Bane
 

Name: Lonnie D. Bane
	 	 
	 

	 	 	 	Title: SVP, Human Resources	 	 
	 
	 	 	 	 	 	 
	/s/ Kevin Robert
	 	 	 	 	 	 
	
Executive’s Signature

	 	 	 	Date: April 28, 2010	 	 

Date: March 22, 2010exv4w1

Exhibit 4.1

$175,000,000

TELVENT GIT, S.A.

5.50% Senior Subordinated Convertible Notes due 2015

PURCHASE AGREEMENT*

April 6, 2010

Barclays Capital Inc. 

RBS Securities Inc.

As Representatives of the several

     Initial Purchasers named in Schedule I attached hereto,

c/o Barclays Capital Inc.

745 Seventh Avenue

New York, New York 10019

Ladies and Gentlemen:

     Telvent GIT, S.A., a sociedad anónima incorporated under the laws of The Kingdom of Spain (the
“Company”), proposes, upon the terms and conditions set forth in this agreement (this “Agreement”),
to issue and sell to you, as the initial purchasers (the “Initial Purchasers”), $175,000,000 in
aggregate principal amount of its 5.50% Senior Subordinated Convertible Notes due 2015 (the “Firm
Securities”). The Firm Securities will (i) have terms and provisions that are summarized in the
Pricing Disclosure Package (as defined below) and Offering Memorandum (as defined below) and (ii)
are to be issued pursuant to an Indenture (the “Indenture”) to be entered into between the Company
and BNY Corporate Trustee Services Limited, as trustee (the “Trustee”) following the registration
by the Company of a public deed of issuance (escritura de emisión, the “Public Deed of Issuance”)
with the Mercantile Registry of Madrid. The Company also proposes to issue and sell to the Initial
Purchasers not more than an additional $25,000,000 principal amount of its 5.50% Senior
Subordinated Convertible Notes due 2015 (the “Additional Securities”) if and to the extent that
you, as Representatives of the Initial Purchasers, shall have determined to exercise, on behalf of
the Initial Purchasers, the right to purchase such 5.50% Senior Subordinated Convertible Notes due
2015 granted to the Initial Purchasers in Section 3(a) hereof. The Firm Securities and the
Additional Securities are hereinafter collectively referred to as the “Securities”. The Securities
will be convertible, on the terms and subject to the conditions set forth therein, into the
Company’s ordinary shares (€ 3.00505 nominal value per share) (the “Underlying Securities”). This
is to confirm the agreement concerning the purchase of the Securities from the Company by the
Initial Purchasers.

     On or about the Closing Date (as defined below), the Company will fund its new syndicated
facilities agreement (the “Senior Credit Facility”), dated March 23, 2010, among the Company and
ING Bank N.V. London Branch (as agent), ING Belgium, S.A., Sucursal en

 

			
	*	 	The Exhibits and Schedules of this agreement have 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 these omitted documents will be furnished to the Commission by Telvent upon
the Commission’s request.

 

 

España, Caja de Ahorros y Monte de Piedad de Madrid (also known as Caixa d’Estalvis i Pensions
de Barcelona), Barclays Bank, S.A., and The Royal Bank of Scotland N.V., Sucursal en España
(collectively, as lenders). The proceeds from the funding of the Senior Credit Facility will be
used for the purposes set forth in the Company’s Report on Form 6-K, dated March 23, 2010, as
amended by the Company’s Report on Form 6-K/A, dated March 30, 2010, relating to the Senior Credit
Facility (together, the “Senior Credit Facility 6-K”).

     1. Purchase and Resale of the Securities. The Securities will be offered and sold to the
Initial Purchasers without registration under the U.S. Securities Act of 1933, as amended (the
“Securities Act”), in reliance on an exemption pursuant to Section 4(2) under the Securities Act.
The Company has prepared a preliminary offering memorandum, dated April 5, 2010 (the “Preliminary
Offering Memorandum”), a pricing term sheet substantially in the form attached hereto as Schedule
II (the “Pricing Term Sheet”) setting forth the terms of the Securities omitted from the
Preliminary Offering Memorandum and an offering memorandum, dated April 6, 2010 (the “Offering
Memorandum”), setting forth information regarding the Company and the Securities (as defined
herein). The Preliminary Offering Memorandum, as supplemented and amended as of the Applicable
Time (as defined below), together with the Pricing Term Sheet and any of the documents listed on
Schedule III hereto are collectively referred to as the “Pricing Disclosure Package.” The Company
hereby confirms that it has authorized the use of the Preliminary Offering Memorandum, the Pricing
Disclosure Package and the Offering Memorandum in connection with the offering and resale of the
Securities by the Initial Purchasers. “Applicable Time” means 5:45 p.m. (New York City time) on the
date of this Agreement.

     Any reference to the Preliminary Offering Memorandum, the Pricing Disclosure Package or the
Offering Memorandum shall be deemed to refer to and include (i) the Company’s most recent Annual
Report on Form 20-F, (ii) the Senior Credit Facility 6-K, and (iii) any documents subsequently
filed (but not furnished) with the United States Securities and Exchange Commission (the
“Commission”) pursuant to Section 13(a) or 15(d) of the United States Securities Exchange Act of
1934, as amended (the “Exchange Act”), on or prior to the date of the Preliminary Offering
Memorandum, the Pricing Disclosure Package or the Offering Memorandum, as the case may be. Any
reference to the Preliminary Offering Memorandum, Pricing Disclosure Package or the Offering
Memorandum, as the case may be, as amended or supplemented, as of any specified date, shall be
deemed to include (i) any documents filed with the Commission pursuant to Section 13(a) or 15(d) of
the Exchange Act after the date of the Preliminary Offering Memorandum, Pricing Disclosure Package
or the Offering Memorandum, as the case may be, and prior to such specified date. All documents
filed under the Exchange Act and so deemed to be included in the Preliminary Offering Memorandum,
Pricing Disclosure Package or the Offering Memorandum, as the case may be, or any amendment or
supplement thereto are hereinafter called the “Exchange Act Reports.” The Exchange Act Reports,
when they were or are filed with the Commission, conformed or will conform in all material respects
to the applicable requirements of the Exchange Act and the applicable rules and regulations of the
Commission thereunder.

     It is understood and acknowledged that upon original issuance thereof, and until such time as
the same is no longer required under the applicable requirements of the Securities Act, the
Securities (and all securities issued in exchange therefor or in substitution thereof) shall bear

2

 

the following legend (along with such other legends as the Initial Purchasers and their
counsel deem necessary):

THE SECURITY EVIDENCED BY THIS CERTIFICATE AND THE ORDINARY SHARES, IF ANY, ISSUABLE
UPON CONVERSION OF THIS SECURITY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES
LAWS, AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT AS SET
FORTH IN THE FOLLOWING SENTENCE. BY ACQUISITION HEREOF, THE HOLDER:

(1) REPRESENTS THAT IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED
INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT) AND
THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT;

(2) AGREES FOR THE BENEFIT OF TELVENT GIT, S.A. (THE “COMPANY”) THAT IT WILL NOT
OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS SECURITY OR ANY BENEFICIAL INTEREST
HEREIN PRIOR TO THE DATE THAT IS THE LATER OF (X) ONE YEAR AFTER THE ORIGINAL ISSUE
DATE HEREOF OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144 UNDER THE
SECURITIES ACT OR ANY SUCCESSOR PROVISION THERETO AND (Y) SUCH LATER DATE, IF ANY,
AS MAY BE REQUIRED BY APPLICABLE LAW, EXCEPT: (A) TO THE COMPANY OR ANY SUBSIDIARY
THEREOF, (B) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER
THE SECURITIES ACT, (C) PURSUANT TO (1) THE EXEMPTION FROM REGISTRATION PROVIDED BY
RULE 144 UNDER THE SECURITIES ACT, IF AVAILABLE, OR (2) ANY OTHER AVAILABLE
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, OR (D) PURSUANT
TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES
ACT AND WHICH CONTINUES TO BE EFFECTIVE AT THE TIME OF SUCH TRANSFER;

(3) AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THE SECURITY EVIDENCED HEREBY
IS TRANSFERRED (OTHER THAN A TRANSFER PURSUANT TO CLAUSE 2(C) OR 2(D) ABOVE) A
NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND; AND

(4) REPRESENTS THAT ITS PURCHASE AND HOLDING OF THE SECURITY AND THE ORDINARY SHARES
THAT MAY BE ISSUABLE UPON CONVERSION OF THE SECURITY IS EITHER (A) NOT MADE ON
BEHALF OF OR WITH “PLAN ASSETS” OF ANY PLAN SUBJECT TO TITLE I OF ERISA, SECTION
4975 OF THE CODE OR ANY SIMILAR LAW

3

 

OR (B) WILL NOT RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF
ERISA, SECTION 4975 OF THE CODE OR ANY SIMILAR LAW.

     You have advised the Company that you will make offers (the “Exempt Resales”) of the
Securities purchased by you hereunder on the terms set forth in each of the Pricing Disclosure
Package and the Offering Memorandum, as amended or supplemented, solely to persons (the “Eligible
Purchasers”) whom you reasonably believe to be “qualified institutional buyers” as defined in Rule
144A under the Securities Act (“QIBs”). You will offer the Securities to Eligible Purchasers
initially at a price equal to 100% of the principal amount thereof plus accrued interest, if any.
Such price may be changed at any time without notice.

     2. Representations, Warranties and Agreements of the Company. The Company represents,
warrants and agrees as follows:

          (a) When the Securities are issued and delivered pursuant to this Agreement, the Securities
will not be of the same class (within the meaning of Rule 144A under the Securities Act) as
securities of the Company that are listed on a United States national securities exchange
registered under Section 6 of the Exchange Act or that are quoted in a United States automated
inter-dealer quotation system.

          (b) Neither the Company nor any subsidiary is, and after giving effect to the offer and sale
of the Securities and the application of the proceeds therefrom as described under “Use of
Proceeds” in each of the Pricing Disclosure Package and the Offering Memorandum will be, an
“investment company” or a company “controlled” by an “investment company” within the meaning of the
Investment Company Act of 1940, as amended, and the rules and regulations of the Commission
thereunder.

          (c) Assuming that your representations and warranties in Section 3(b) are true, the purchase
and resale of the Securities pursuant hereto (including pursuant to the Exempt Resales) are exempt
from the registration requirements of the Securities Act. No form of general solicitation or
general advertising within the meaning of Regulation D under the Securities Act (including, but not
limited to, advertisements, articles, notices or other communications published in any newspaper,
magazine or similar medium or broadcast over television or radio, or any seminar or meeting whose
attendees have been invited by any general solicitation or general advertising) was used by the
Company or any of its representatives (other than you and your representatives, as to whom the
Company makes no representation) in connection with the offer and sale of the Securities.

          (d) The Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering
Memorandum have been prepared by the Company for use by the Initial Purchasers in connection with
the Exempt Resales. No order or decree preventing the use of the Preliminary Offering Memorandum,
the Pricing Disclosure Package or the Offering Memorandum, or any order asserting that the
transactions contemplated by this Agreement are subject to the registration requirements of the
Securities Act has been issued, and no proceeding for that purpose has commenced or is pending or,
to the knowledge of the Company is contemplated.

4

 

          (e) The Pricing Disclosure Package did not, as of the Applicable Time, and will not, as of the
Closing Date, contain an untrue statement of a material fact or omit to state a material fact
necessary in order to make the statements made therein, in the light of the circumstances under
which they were made, not misleading; provided that no representation or warranty is made as to
information contained in or omitted from the Pricing Disclosure Package in reliance upon and in
conformity with written information furnished to the Company through the Representatives by or on
behalf of any Initial Purchaser specifically for inclusion therein, which information is specified
in Section 8(e).

          (f) The Offering Memorandum will not, as of its date and as of the Closing Date, contain an
untrue statement of a material fact or omit to state a material fact necessary in order to make the
statements made therein, in the light of the circumstances under which they were made, not
misleading; provided that no representation or warranty is made as to information contained in or
omitted from the Offering Memorandum in reliance upon and in conformity with written information
furnished to the Company through the Representatives by or on behalf of any Initial Purchaser
specifically for inclusion therein, which information is specified in Section 8(e).

          (g) The Company has not made any offer to sell or solicitation of an offer to buy the
Securities that would constitute a “free writing prospectus” (if the offering of the Securities was
made pursuant to a registered offering under the Securities Act), as defined in Rule 405 under the
Securities Act (a “Free Writing Offering Document”) without the prior consent of the
Representatives; any such Free Writing Offering Document the use of which has been previously
consented to by the Initial Purchasers is set forth substantially in form and substance as attached
hereto on Schedule III.

          (h) The Exchange Act Reports did not, when filed with the Commission, when taken together with
any subsequent amendments thereto filed prior to the Applicable Time, contain an untrue statement
of material fact or omit to state a material fact necessary in order to make the statements made
therein, in the light of the circumstances under which they were made, not misleading.

          (i) The Company’s Report on Form 6-K, dated April 5, 2010, relating to pre-release earnings
guidance (the “Pre-Release 6-K”) did not, when submitted to the Commission, contain an untrue
statement of material fact or omit to state a material fact necessary in order to make the
statements made therein, in the light of the circumstances under which they were made, not
misleading. The information contained in the Pre-Release 6-K (i) is derived from the internal
accounting or operational records of the Company, and (ii) when submitted to the Commission,
represented the best information available to the Company based on available financial and
operating information.

          (j) The statistical and market-related data included under the captions “Item 3. Key
Information,” “Item 4. Information on the Company,” “Item 5. Operating and Financial Review and
Prospects,” “Item 9. The Offer and Listing” and “Item 11. Quantitative and Qualitative Disclosures
about Market Risk,” in the Company’s Annual Report on Form 20-F and the consolidated financial
statements of the Company and its subsidiaries included in the Pricing

5

 

Disclosure Package are based on or derived from sources that the Company believes to be
reliable and accurate in all material respects.

          (k) The Company and each subsidiary of the Company has been duly organized and is validly
existing and in good standing as a corporation (sociedad anónima) or other business entity under
the laws of its jurisdiction of organization and is duly qualified to do business and in good
standing as a foreign corporation or other business entity in each jurisdiction in which its
ownership or lease of property or the conduct of its businesses requires such qualification, except
where the failure to be so qualified or in good standing would not, in the aggregate, reasonably be
expected to have a material adverse effect or any development involving a prospective material
adverse effect, in or affecting the general affairs, business, assets, management, financial
position, shareholder’s equity or results of operations of the Company and its subsidiaries taken
as a whole or a material adverse effect on the performance by the Company of this Agreement, the
Acupay Agreement (as defined below), the Acupay Letter of Appointment (as defined below), the
Indenture, the Public Deed of Issuance or the Securities or the consummation of any of the
transactions contemplated hereby or thereby (a “Material Adverse Effect”); the Company and each
subsidiary of the Company has all power and authority necessary to own or hold its assets and to
conduct the businesses in which it is engaged as described in the Pricing Disclosure Package and
the Offering Memorandum. None of the subsidiaries of the Company (other than Telvent Tráfico y
Transporte, S.A., Telvent Housing, S.A. and Telvent DTN, Inc. (collectively, the “Significant
Subsidiaries”)) is a “significant subsidiary” (as defined in Rule 405 under the Securities Act).

          (l) Neither the Company nor any of its subsidiaries is insolvent, is unable to pay its debts
within the meaning of article 2 of Law 22/2003 of 9 July, on Insolvency, or other applicable
insolvency legislation, falls in a cause that would require it to be wound up or to reduce its
capital, or has taken any action, nor so far as the Company is aware, have any steps been taken or
legal proceedings started or threatened against the Company or any of its subsidiaries for its
winding up or dissolution or for any of them to enter into arrangements or composition for the
benefit of creditors or for the appointment of a receiver, trustee, administrator or similar
officer of it or any of its properties, assets or revenues or any equivalent procedure under the
laws and regulations of each relevant jurisdiction.

          (m) The Company has an authorized capitalization as set forth in each of the Pricing
Disclosure Package and the Offering Memorandum, and all of the issued shares of capital stock of
the Company have been duly authorized and validly issued and are fully paid and non-assessable; and
all of the issued shares of capital stock of each subsidiary of the Company have been duly
authorized and validly issued, are fully paid and non-assessable and (except for directors’
qualifying shares for foreign subsidiaries and except as set forth in each of the Pricing
Disclosure Package and the Offering Memorandum) are owned directly or indirectly by the Company,
free and clear of all liens, encumbrances, equities or claims, except for such liens, encumbrances,
equities or claims as would not, in the aggregate, reasonably be expected to have a Material
Adverse Effect.

          (n) Except as set forth in the Offering Memorandum under “Description of the Notes—Conversion
Rights—Settlement Upon Conversion,” the Company has, or will have, as applicable, all requisite
corporate power and authority to execute, deliver and perform its

6

 

obligations under the Indenture and the Public Deed of Issuance. The Indenture and the Public
Deed of Issuance have been duly and validly authorized by the Company, and upon their execution and
delivery and, assuming due authorization, execution and delivery by the Trustee in the case of the
Indenture, will constitute the valid and binding agreement of the Company, enforceable against the
Company in accordance with their terms, except as such enforceability may be limited by bankruptcy,
fraudulent conveyance, insolvency, reorganization, moratorium, and other laws relating to or
affecting creditors’ rights generally and by general equitable principles (regardless of whether
such enforceability is considered in a proceeding in equity or at law); no qualification of the
Indenture under the Trust Indenture Act of 1939 (the “1939 Act”) is required in connection with the
offer and sale of the Securities contemplated hereby or in connection with the Exempt Resales. The
Indenture and the Public Deed of Issuance will conform to the description thereof in each of the
Pricing Disclosure Package and the Offering Memorandum.

          (o) Except as set forth in the Offering Memorandum under “Description of the Notes—Conversion
Rights—Settlement Upon Conversion,” the Company has all requisite corporate power and authority to
execute, issue, sell and perform its obligations under the Securities.

          (p) Except as set forth in the Offering Memorandum under “Description of the Notes—Conversion
Rights—Settlement Upon Conversion,” the Securities have been duly authorized by the Company and,
when duly executed by the Company in accordance with the terms of the Indenture and the Public Deed
of Issuance, assuming due authentication of the Securities by the Trustee, upon delivery to the
Initial Purchasers against payment therefor in accordance with the terms hereof, will be validly
issued and delivered and will constitute valid and binding obligations of the Company entitled to
the benefits of the Indenture and the Public Deed of Issuance, enforceable against the Company in
accordance with their terms, except as such enforceability may be limited by bankruptcy, fraudulent
conveyance, insolvency, reorganization, moratorium, and other laws relating to or affecting
creditors’ rights generally and by general equitable principles (regardless of whether such
enforceability is considered in a proceeding in equity or at law). The Securities will conform in
all material respects to the description thereof in each of the Pricing Disclosure Package and the
Offering Memorandum.

          (q) Upon the completion of the steps outlined in Section 5(z) hereto and of the new issue
requirements, as defined in the Offering Memorandum under “Description of the Notes – Conversion
Rights – Settlement Upon Conversion,” the Underlying Securities will have been duly authorized by
the Company and the Company will have available for issue and allotment, free from preemption
rights, sufficient authorized but un-issued Underlying Securities to enable the conversion rights
of the Securities and all other rights of subscription and conversion into Underlying Securities to
be satisfied pursuant to the terms hereof and of the Pricing Disclosure Package and the Offering
Memorandum. The Underlying Securities will conform in all respects to the description thereof in
each of the Pricing Disclosure Package and the Offering Memorandum.

          (r) Neither the Company nor any of its subsidiaries have issued any outstanding debentures,
bonds or notes exchangeable for Underlying Securities, warrants or any other similar instruments,
that may carry a right of subscription of Underlying Securities.

7

 

          (s) The Underlying Securities, when issued by the Company upon conversion of the Securities,
will be validly issued, fully paid and non-assessable, will not be subject to any call for the
payment of further capital and will rank pari passu with other Underlying Securities of the Company
including, without limitation, as to entitlement to dividends, subject to and in accordance with
the terms of the Indenture and the Public Deed of Issuance. The Underlying Securities, when issued
by the Company upon conversion, will be free and clear of any security interest, mortgage, pledge,
lien, charge, claim or encumbrance of any kind.

          (t) The Company has all requisite corporate power to execute, deliver and perform its
obligations under this Agreement, except as set forth in the Offering Memorandum under the
“Description of the Notes — Conversion Rights — Settlement Upon Conversion”. This Agreement has
been duly and validly authorized, executed and delivered by the Company.

          (u) The Company has all requisite corporate power and authority to execute, deliver and
perform its obligations under the tax certification agency agreement to be dated as of the Closing
Date (the “Acupay Agreement”), between the Company and Acupay System LLC (“Acupay”). The Acupay
Agreement has been duly authorized by the Company and, when executed and delivered by the Company
in accordance with the terms hereof and thereof, will be validly executed and delivered and
(assuming the due authorization, execution and delivery thereof by Acupay) will be the legally
valid and binding obligation of the Company in accordance with the terms thereof, enforceable
against the Company in accordance with its terms, except as such enforceability may be limited by
bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting
creditor’s rights generally, by general equitable principles (regardless of whether such
enforceability is considered in a proceeding in equity or at law) and, as to rights of
indemnification and contribution, by principles of public policy.

          (v) The Company has all requisite corporate power and authority to execute, deliver and
perform its obligations under the letter of appointment to be dated as of the Closing Date (the
“Acupay Letter of Appointment”), between the Company and Acupay. The Acupay Letter of Appointment
has been duly authorized by the Company and, when executed and delivered by the Company in
accordance with the terms hereof and thereof, will be validly executed and delivered and (assuming
the due authorization, execution and delivery thereof by Acupay) will be the legally valid and
binding obligation of the Company in accordance with the terms thereof, enforceable against the
Company in accordance with its terms, except as such enforceability may be limited by bankruptcy,
insolvency, reorganization, moratorium and other similar laws relating to or affecting creditor’s
rights generally, by general equitable principles (regardless of whether such enforceability is
considered in a proceeding in equity or at law) and, as to rights of indemnification and
contribution, by principles of public policy.

          (w) The issue and sale of the Securities (including the issuance of the Underlying Securities
upon conversion thereof, subject to compliance with the new issue requirements as defined in the
Offering Memorandum under the “Description of the Notes —
Conversion Rights — Settlement Upon
Conversion”), the execution, delivery and performance by the Company of the Securities, the
Indenture, the Public Deed of Issuance, the Acupay Agreement, the Acupay Letter of Appointment, the
Senior Credit Facility and this Agreement, the application of the proceeds from (x) the sale of the
Securities as described under “Use of

8

 

Proceeds” and (y) the funding of the Senior Credit Facility as described under “Description of
Other Indebtedness,” in each of the Pricing Disclosure Package and the Offering Memorandum, and the
consummation of the transactions contemplated hereby and thereby, will not (i) after giving effect
to the use of proceeds and the funding of the Senior Credit Facility as set forth in the Pricing
Disclosure Package, conflict with or result in a breach or violation of any of the terms or
provisions of, impose any lien, charge or encumbrance upon any property or assets of the Company or
its subsidiaries, or constitute a default under, any indenture, mortgage, deed of trust, loan
agreement, license, lease or other agreement or instrument to which the Company or any of its
subsidiaries is a party or by which the Company or any of its subsidiaries is bound or to which any
of the property or assets of the Company or any of its subsidiaries is subject, (ii) result in any
violation of the provisions of the deed of incorporation or memorandum and articles of association
or by-laws (estatutos) or similar organizational document of the Company or any of its subsidiaries
or (iii) result in any violation of any statute or any judgment, order, decree, rule or regulation
of any court or governmental agency or body having jurisdiction over the Company or any of its
subsidiaries or any of their properties or assets, except, with respect to clauses (i) and (iii),
conflicts or violations that would not reasonably be expected to have a Material Adverse Effect.

          (x) No consent, approval, authorization or order of, or filing, registration or qualification
with any court or governmental agency or body having jurisdiction over the Company or any of its
subsidiaries is required for the issue and sale of the Securities (including the issuance of the
Underlying Securities upon conversion thereof, subject to compliance with the new issue
requirements as defined in the Offering Memorandum under “Description of the Notes – Conversion
Rights – Settlement Upon Conversion”), the execution, delivery and performance by the Company of
the Securities, the Indenture, the Public Deed of Issuance, the Acupay Agreement, the Acupay Letter
of Appointment, the Senior Credit Facility and this Agreement, the application of the proceeds from
(x) the sale of the Securities as described under “Use of Proceeds” and (y) the funding of the
Senior Credit Facility as described under “Description of Other Indebtedness,” in each of the
Pricing Disclosure Package and the Offering Memorandum, and the consummation of the transactions
contemplated hereby and thereby, except (i) such as will have been obtained on or prior to the
Closing Date, (ii) for such consents, approvals, authorizations, orders, filings, registrations or
qualifications as may be required under state securities or Blue Sky laws in connection with the
purchase and distribution of the Securities by the Initial Purchasers, (iii) the granting of the
Public Deed of Issuance by a representative of the Issuer and the Trustee; (iv) the registration of
the Public Deed of Issuance with the Mercantile Registry of Madrid and the publication of the
announcement of the issue of the Securities in the Official Gazette of the Mercantile Registry
(Boletín Oficial del Registro Mercantil), (v) the allocation by the Bank of Spain of the número de
operación financiera (N.O.F.) in respect of the Securities, (vi) the registration of the
disbursement minutes of the Securities with the Mercantile Registry of Madrid, and (vii) the
registration with the Mercantile Registry of Madrid of a public deed of issuance of Underlying
Securities when Underlying Securities are issued by the Company upon conversion of the Securities
(following completion of the steps outlined in Section 5(z) hereof, subject to compliance with the
new issue requirements as defined in the Offering Memorandum under “Description of the Notes –
Conversion Rights – Settlement Upon Conversion”).

9

 

          (y) Subject to the general provisions of law relating to the distributions of profits and
except as described in the Offering Memorandum, no approvals are currently required in the Kingdom
of Spain in order for the Company to pay dividends or other distributions declared by the Company
to the holders of Underlying Securities. The principal Spanish tax implications arising from the
payment of dividends to holders or beneficial holders of Underlying Securities are described in the
Offering Memorandum.

          (z) The Company does not believe that it is, and, taking account of the sale of the Securities
contemplated by this Agreement and the application of the proceeds therefrom as described in the
Offering Memorandum under the caption “Use of Proceeds”, does not expect to become in the
foreseeable future, a “passive foreign investment company” as defined in Section 1297 of the U.S.
Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.

          (aa) Except as identified in the Pricing Disclosure Package and the Offering Memorandum, there
are no contracts, agreements or understandings between the Company and any person granting such
person the right to require the Company to file a registration statement under the Securities Act
with respect to any securities of the Company owned or to be owned by such person or to require the
Company to include such securities in any securities being registered pursuant to any registration
statement filed by the Company under the Securities Act.

          (bb) Neither the Company nor any other person acting on behalf of the Company has sold or
issued any securities that would be integrated with the offering of the Securities contemplated by
this Agreement pursuant to the Securities Act, the rules and regulations thereunder or the
interpretations thereof by the Commission. The Company will take reasonable precautions designed to
insure that any offer or sale, direct or indirect, in the United States or to any U.S. person (as
defined in Rule 902 under the Securities Act), of any Securities or any substantially similar
security issued by the Company, within six months subsequent to the date on which the distribution
of the Securities has been completed (as notified to the Company by the Initial Purchasers), is
made under restrictions and other circumstances reasonably designed not to affect the status of the
offer and sale of the Securities in the United States and to U.S. persons contemplated by this
Agreement as transactions exempt from the registration provisions of the Securities Act, including
any sales pursuant to Rule 144A under the Securities Act.

          (cc) Except as described in the each of the Pricing Disclosure Package and the Offering
Memorandum, neither the Company nor any of its subsidiaries has sustained, since the date of the
latest audited financial statements included in the Pricing Disclosure Package, any loss or
interference with its business from fire, explosion, flood or other calamity, whether or not
covered by insurance, or from any labor dispute or court or governmental action, order or decree,
that is in each case material to the Company and its subsidiaries, taken as a whole, and, except as
described in each of the Pricing Disclosure Package and the Offering Memorandum, since such date
there has not been any change in the capital stock or long-term debt of the Company or any of its
subsidiaries or any material adverse change, or any development involving a prospective material
adverse change, in or affecting the condition (financial or otherwise), results of operations,
shareholders’ equity, properties, management or business of the Company and its

10

 

subsidiaries, taken as a whole, in each case except as would not, in the aggregate, reasonably
be expected to have a Material Adverse Effect.

          (dd) The historical financial statements (including the related notes and supporting
schedules) included in the Pricing Disclosure Package and the Offering Memorandum present fairly in
all material respects the financial condition, results of operations and cash flows of the entities
purported to be shown thereby, at the dates and for the periods indicated, and except where noted
have been prepared in conformity with accounting principles generally accepted in the United States
applied on a consistent basis throughout the periods involved. The other financial information and
data included in or incorporated by reference into the Offering Memorandum are, in all material
respects, accurately presented and prepared on a reasonable basis.

          (ee) Except as described in the pricing Disclosure Package and the Offering Memorandum,
neither the Company nor any of its subsidiaries has any material off balance sheet financing,
investment or other liability.

          (ff) Deloitte, S.L., who have certified certain financial statements of the Company, whose
report appears in the Company’s most recent Annual Report on Form 20-F and who have delivered the
initial letter referred to in Section 7(f) hereof, are independent public accountants as required
by the Securities Act and the rules and regulations thereunder.

          (gg) The Company and each of its subsidiaries has good and marketable title to all real
property and good and marketable title to all personal property described in the Pricing Disclosure
Package and the Offering Memorandum as owned by them, in each case free and clear of all liens,
encumbrances and defects, except such as are described in the Pricing Disclosure Package and the
Offering Memorandum or such as do not materially affect the value of such property and do not
materially interfere with the use made and proposed to be made of such property by the Company or
any of its subsidiaries; and all assets held under lease by the Company or any of its subsidiaries
are held by them under valid, subsisting and enforceable leases, with such exceptions as do not
materially interfere with the use made and proposed to be made of such assets by the Company or any
of its subsidiaries.

          (hh) The Company and each of its subsidiaries maintains insurance in such amounts and covering
such risks as it deems adequate for the conduct of their respective businesses and the value of
their respective properties and as is customary for companies engaged in similar businesses in
similar industries. All such policies of insurance of the Company and its subsidiaries are in full
force and effect.

          (ii) The Company and each of its subsidiaries have such permits, licenses, patents,
franchises, certificates and other approvals or authorizations of governmental or regulatory
authorities (“Permits”) as are necessary under applicable law to own their properties and conduct
their businesses in the manner described in the Pricing Disclosure Package and the Offering
Memorandum, except for any of the foregoing that would not, in the aggregate, reasonably be
expected to have a Material Adverse Effect or except as described in the Pricing Disclosure Package
and the Offering Memorandum; no event has occurred that allows, or after notice or lapse of time
would allow, revocation or termination thereof or results in any other

11

 

impairment of the rights of the holder or any such Permits, except that would not reasonably
be expected to have a Material Adverse Effect or except as described in the Pricing Disclosure
Package; and neither the Company nor any of its subsidiaries has received any notice of proceedings
relating to the revocation or modification of any such license, certificate, authority or permit.

          (jj) The Company and each of its subsidiaries own or possess adequate rights to use all
material patents, patent applications, trademarks, service marks, trade names, trademark
registrations, service mark registrations, copyrights, licenses, know-how, software, systems and
technology (including trade secrets and other unpatented and/or unpatentable proprietary or
confidential information, systems or procedures) necessary for the conduct of their respective
businesses as such businesses are described in the Pricing Disclosure Package and the Offering
Memorandum and have no reason to believe that the conduct of their respective businesses will
conflict with, and have not received any notice of any claim of conflict with, any such rights of
others, except for any of the foregoing that would not, in the aggregate, reasonably be expected to
have a Material Adverse Effect.

          (kk) Except as described in the Pricing Disclosure Package and the Offering Memorandum, there
are no legal or governmental proceedings pending to which the Company or any of its subsidiaries is
a party or of which any property or assets of the Company or any of its subsidiaries is the subject
that would, in the aggregate, reasonably be expected to have a Material Adverse Effect, or to have
a material adverse effect on the performance by the Company of this Agreement, the Acupay
Agreement, the Acupay Letter of Appointment, the Indenture, the Public Deed of Issuance or the
Securities or the consummation of any of the transactions contemplated hereby or thereby; and to
the Company’s knowledge, no such proceedings are threatened or contemplated by governmental
authorities or others.

          (ll) There are no legal or governmental proceedings or contracts or other documents that would
be required to be described in a registration statement filed under the Securities Act or, in the
case of documents, would be required to be filed as exhibits to a registration statement of the
Company pursuant to Item 601(10) of Regulation S-K that have not been described or incorporated by
reference in the Pricing Disclosure Package and the Offering Memorandum.

          (mm) No relationship, direct or indirect, that would be required to be described in a
registration statement of the Company pursuant to Item 7 of Form 20-K, exists between or among the
Company, on the one hand, and the directors, officers, shareholders, customers or suppliers of the
Company, on the other hand, that has not been described in the Pricing Disclosure Package and the
Offering Memorandum.

          (nn) Except as described in the Pricing Disclosure Package and the Offering Memorandum, no
labor disturbance by the employees of the Company or any of its subsidiaries exists or, to the
knowledge of the Company, is imminent that would reasonably be expected to have a Material Adverse
Effect.

          (oo) The Company and its subsidiaries and any “employee benefit plan” (as defined under the
Employee Retirement Income Security Act of 1974, as amended, and the

12

 

regulations and published interpretations thereunder (collectively, “ERISA”)) established or
maintained by the Company, its subsidiaries or their ERISA Affiliates (as defined below) are in
compliance in all material respects with ERISA. “ERISA Affiliate” means, with respect to the
Company or a subsidiary, any member of any group of organizations described in
Sections 414(b),(c),(m) or (o) of the Internal Revenue Code of 1986, as amended, and the
regulations and published interpretations thereunder (the “Code”) of which the Company or such
subsidiary is a member. No “employee benefit plan” established or maintained by the Company, its
subsidiaries or any of their ERISA Affiliates, if such “employee benefit plan” were terminated,
would have any “amount of unfunded benefit liabilities” (as defined under ERISA) that would have a
material adverse effect. Neither the Company, its subsidiaries nor any of their ERISA Affiliates
has incurred within the last five years a liability, or (ii) reasonably expects to incur any
liability that would have a material adverse effect under (A) Title IV of ERISA with respect to
termination of, or withdrawal from, any “employee benefit plan” or (B) Sections 412, 4971 or 4975
of the Code.

          (pp) The Company and each of its subsidiaries has filed all federal, state and foreign income
and franchise tax returns required to be filed through the date hereof, subject to permitted
extensions, except insofar as the failure to file such returns, reports and information or to pay
such tax or request such extensions would not reasonably be expected to result in a Material
Adverse Effect, and has paid all taxes due thereon, and no tax deficiency has been determined
adversely to the Company or any of its subsidiaries, nor does the Company have any knowledge of any
tax deficiencies that would, in the aggregate, reasonably be expected to have a Material Adverse
Effect.

          (qq) There are no stamp or other issuance or transfer taxes or similar duties, fees or charges
under Federal law or the laws of any state, or any political subdivision thereof, required to be
paid in connection with the execution and delivery of this Agreement or the issuance by the Company
or sale by the Company of the Securities and the Underlying Securities other than capital tax
(“Impuesto sobre Transmisiones Patrimoniales y Actos Jurídicos Documentados en su modalidad de
Operaciones Societarias”) to be paid by the Company in connection with the issue of the Underlying
Securities.

          (rr) Since the date as of which information is given in the Pricing Disclosure Package and
except as otherwise described in the Pricing Disclosure Package and the Offering Memorandum, the
Company has not (i) issued or granted any securities, (ii) incurred any liability or obligation,
direct or contingent, other than liabilities and obligations that were incurred in the ordinary
course of business, (iii) entered into any material transaction not in the ordinary course of
business or (iv) declared or paid any dividend on its capital stock.

          (ss) The Company maintains and has maintained effective internal control over financial
reporting as defined in Rule 13a-5 under the Exchange Act and a system of internal accounting
controls sufficient to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of its financial statements for external purposes in conformity with
accounting principles generally accepted in the United States. Except as disclosed in the Pricing
Disclosure Package and the Offering Memorandum, (i) the Company’s internal control over financial
reporting is effective, (ii) the Company is not aware of any material weakness or significant
deficiency in the design or operation of its internal controls over

13

 

financial reporting or any fraud, whether or not material, that involves management or other
employees who have a significant role in the internal controls of the Company and each of its
subsidiaries, and (iii) since December 31, 2009, there have been no significant changes in internal
controls or in other factors that would significantly affect internal controls, including any
corrective actions with regard to significant deficiencies and material weaknesses.

          (tt) Neither the Company nor any of its subsidiaries (i) is in violation of its deed of
incorporation or memorandum and articles of association or by-laws (estatutos) (or similar
organizational documents), (ii) is in default, and no event has occurred that with notice of or
lapse of time or both, would constitute such default, in the due performance or observance of any
term, covenant, condition or other obligation contained in any indenture, mortgage, deed of trust,
loan agreement, license or other agreement or instrument to which it is a party or by which it is
bound or to which any of its properties or assets is subject, or (iii) is in violation of any
statute or any order, rule or regulation of any court or governmental agency or body having
jurisdiction over it or its property or assets or has failed to obtain any license, permit,
certificate, franchise or other governmental authorization or permit necessary to the ownership of
its property or to the conduct of its business, except in the case of clauses (ii) and (iii), to
the extent any such violation or default would not, in the aggregate, reasonably be expected to
have a Material Adverse Effect.

          (uu) Neither the Company nor any of its subsidiaries has, nor, to the knowledge of the
Company, any director, officer, agent, employee or other person associated with or acting on behalf
of the Company or any of its subsidiaries, during the past five years, (i) used any corporate funds
of the Company or any of its subsidiaries for any unlawful contribution, gift, entertainment or
other unlawful expense to any candidate for foreign office; (ii) made any unlawful payment to any
foreign or domestic government official or employee from corporate funds of the Company or any of
its subsidiaries; (iii) violated or is in violation of any provision of the Foreign Corrupt
Practices Act of 1977; or (iv) made any bribe, unlawful rebate, unlawful payoff, unlawful influence
payment, kickback or other unlawful payment; other than payments required or permitted by the laws
of the United States, any foreign government or any respective jurisdiction thereof.

          (vv) The Company and each of its subsidiaries (i) are, and at all times prior hereto were, in
compliance with all applicable laws, regulations, ordinances, rules, orders, judgments, decrees,
permits or other legal requirements of any governmental authority, including without limitation any
international, national, state, provincial, regional, or local authority, relating to the
protection of human health or safety, the environment, or natural resources, or to hazardous or
toxic substances or wastes, pollutants or contaminants (“Environmental Laws”) applicable to such
entity, which compliance includes, without limitation, obtaining, maintaining and complying with
all permits and authorizations and approvals required by Environmental Laws to conduct their
respective businesses, and (ii) have not received notice of any actual or alleged violation of
Environmental Laws, or of any potential liability for or other obligation concerning the presence,
disposal or release of hazardous or toxic substances or wastes, pollutants or contaminants, except
in the case of clause (i) or (ii) where such non-compliance, violation, liability, or other
obligation would not, in the aggregate, reasonably be expected to have a Material Adverse Effect.
There are no costs or liabilities associated with Environmental Laws or concerning hazardous or
toxic substances or wastes, pollutants or contaminants

14

 

(including, without limitation, costs and liabilities relating to any capital or operating
expenditures required for the clean up or closure of properties or compliance with Environmental
Laws, the payment of fines or penalties, any permit, license or approval issues and any related
constraints on operating activities, and any potential liabilities to third parties) would not,
singly or in the aggregate, reasonably be expected to result in a Material Adverse Effect.

          (ww) None of the transactions contemplated by this Agreement (including, without limitation,
the use of the proceeds from the sale of the Securities), will violate or result in a violation of
Section 7 of the Exchange Act, or any regulation promulgated thereunder, including, without
limitation, Regulations T, U and X of the Board of Governors of the Federal Reserve System.

          (xx) The statements set forth in each of the Pricing Disclosure Package and the Offering
Memorandum under the caption “Description of the Notes,” insofar as they purport to constitute a
summary of the terms of the Securities and under the captions “Spanish Withholding Tax
Requirements,” “Risk Factors,” “Taxation,” “Plan of Distribution”, “Notice to Investors,”
“Enforceability of Civil Liabilities,” “Annex A — Spanish Withholding Tax Documentation Procedures
for Notes Held Through an Account at DTC,” “Annex B — Forms of Required Spanish Withholding Tax
Documentation and Procedures for Direct Refunds from Spanish Tax Authorities,” “Exhibit I — Form of
Certificate For Personal Account Investments,” “Exhibit II — Form of Certificate for Third Party
Investments,” “Exhibit III — Certificate for application for exemption to Spanish Corporate Income
Tax withholding for taxpayers and for permanent establishments of Spanish Non-Resident Income Tax
taxpayers (to be issued by entities mentioned under article 44.2(a) of Royal Decree 1065/2007),”
“Exhibit IV-A — Form of Certificate for Conversions — Own Party Investments,” and “Exhibit IV-B
— Form of Certificate for Conversion — Third Party Investments,” insofar as
they purport to describe the provisions of the laws and documents referred to therein, are accurate
in all material respects. The statements set forth in the Company’s Annual Report on Form 20-F
under the captions “Item 3. Key Information — D. Risk Factors — Risks Related to Being Part of the
Abengoa Group,” “Item 3. Key Information — D. Risk Factors — Risks Relating to Our Organization
Under Spanish Law,” “Item 5. Operating and Financial Review and Prospects — B. Liquidity and
Capital Resources — Liquidity — Credit Arrangements and Loan Facilities,” “Item 6. Directors,
Senior Management and Employees — B. Compensation,” “Item 6. Directors, Senior Management and
Employees — C. Board Practices,” “Item 10. Additional Information,” “Item 10. Additional
Information — B. Memorandum and Articles of Association,” “Item 10. Additional Information — C.
Material Contracts,” “Item 10. Additional Information — D. Exchange Controls,” and “Item 10.
Additional Information — E. Taxation,”, insofar as they purport to describe the provisions of the
laws and documents referred to therein, are accurate, complete and fair in all material respects.

          (yy) The Company and its affiliates have not taken, directly or indirectly, any action
designed to or that has constituted or that reasonably can be expected to cause or result in the
stabilization or manipulation of the price of any security of the Company in connection with the
offering of the Securities.

          (zz) Other than limitations that may be imposed by that certain Amended and Restated First
Lien Credit and Guaranty Agreement (the “Telvent DTN Credit Agreement”),

15

 

dated March 16, 2007, by and among DTN, Inc., as borrower, Telvent DTN, Telvent DTN, LLC,
Telvent DTN Information Services LLC, Telvent DTN Holdco Corporation and certain subsidiaries of
Telvent DTN Holdco Corporation, as guarantors, various Lenders, Goldman Sachs Credit Partners L.P.,
as lead arranger, sole bookrunner and sole syndication agent, and General Electric Capital
Corporation, as administrative agent, which will be repaid with the proceeds of the sale of the
Securities, no subsidiary of the Company is currently prohibited, directly or indirectly, from
paying any dividends to the Company, from making any other distribution on such subsidiary’s
capital stock, from repaying to the Company any loans or advances to such subsidiary from the
Company or from transferring any of such subsidiary’s property or assets to the Company or any
other subsidiary of the Company, except as described in the Pricing Disclosure Package.

          (aaa) There is and has been no failure on the part of the Company and any of the Company’s
directors or officers, in their capacities as such, to comply with the provisions of the
Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith.

          (bbb) The section entitled “Item 5 – Operating and Financial Review and Prospects – B.
Liquidity and Capital Resources – Critical Accounting Policies and Estimates” in the Company’s
Annual Report on Form 20-F accurately and fully describes (A) the accounting policies that the
Company believes are the most important in the portrayal of the Company’s financial condition and
results of operations and that require management’s most difficult, subjective or complex
judgments; (B) the judgments and uncertainties affecting the application of critical accounting
policies; and (C) the likelihood that materially different amounts would be reported under
different conditions or using different assumptions and an explanation thereof.

          (ccc) The operations of the Company and its subsidiaries are and have been conducted at all
times in compliance with applicable financial recordkeeping and reporting requirements of the
Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes
of all jurisdictions, the rules and regulations thereunder and any related or similar rules,
regulations or guidelines, issued, administered or enforced by any governmental agency
(collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any
court or governmental agency, authority or body or any arbitrator involving the Company or any of
its subsidiaries with respect to the Money Laundering Laws is pending or, to the knowledge of the
Company, threatened, except, in each case, as would not reasonably be expected to have a Material
Adverse Effect.

          (ddd) Neither the Company nor any of its subsidiaries nor, to the knowledge of the Company,
any director, officer, agent, employee or affiliate of the Company or any of its subsidiaries is
currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the
U.S. Treasury Department (“OFAC”); and the Company will not directly or indirectly use the proceeds
of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary,
joint venture partner or other person or entity, for the purpose of financing the activities of any
person currently subject to any U.S. sanctions administered by OFAC.

          (eee) The Company believes that the conditions set forth in the Additional Provision Two of
Law 13/1985 of 25 May, on Investment Ratios, Own Funds and Information

16

 

Obligations of Financial Intermediaries (“Ley 13/1985, 25 de mayo, de coeficientes de
inversión, recursos propios y obligaciones de información de los intermediarios financieros”), as
amended by Law 19/2003 of 4 July, on Foreign Capital Transfers and Financial Transactions and on
Certain Measures to Prevent Money Laundering (“Ley 19/2003, de 4 julio, sobre régimen jurídico de
los movimientos de capitales y de las transacciones económicas con el exterior y sobre determinadas
medidas de prevención del blanqueo de capitales”), Law 23/2005 of 18 November, on Certain Tax
Measures to Promote Productivity (“Ley 23/2005, de 18 de noviembre, de reformas en materia
tributaria para el impulso a la productividad”) and Law 4/2008 of 23 December, that abolishes the
Wealth Tax, generalizes the VAT monthly refund system and introduces other tax measures (Ley
4/2008, de 23 de diciembre, por la que se suprime el gravamen del Impuesto sobre el Patrimonio, se
generaliza el sistema de devolución mensual en el Impuesto sobre el Valor Añadido, y se introducen
otras modificaciones en la normativa tributaria) (“Law 13/1985”) are met, and that therefore any
interest payments in respect of the Securities made by the Company to, or any income derived from
the conversion of the Securities obtained by, a non-Spanish tax resident beneficial owner, who does
not operate with respect to the Securities through a permanent establishment in Spain, shall not be
subject to taxation in Spain pursuant to Royal Legislative Decree 5/2004 of 5 March, promulgating
the consolidated text of the Non-Resident Income Tax Law (“Real Decreto Legislativo 5/2004, de 5 de
Marzo, por el que se aprueba el Texto Refundido de la Ley del Impuesto sobre la Renta de no
Residentes”), and no withholding tax shall be required on such payments or income, except in the
case of interest payments made to, or income derived from the conversion of the Securities in
certain cases obtained by, non-Spanish tax resident beneficial owners whose required tax residency
information has not been provided to the Company in accordance with the procedures set out in the
Offering Memorandum, who will receive such payments subject to Spanish withholding tax at the
applicable rate (currently 19%).

          Any certificate signed by any officer of the Company and delivered to the Representatives or
counsel for the Initial Purchasers in connection with the offering of the Securities shall be
deemed a representation and warranty by the Company, as to matters covered thereby, to each Initial
Purchaser.

     3. Purchase of the Securities by the Initial Purchasers, Agreements to Sell, Purchase and
Resell. (a) The Company hereby agrees, on the basis of the representations, warranties and
agreements of the Initial Purchasers contained herein and subject to all the terms and conditions
set forth herein, to issue and sell to the Initial Purchasers and, upon the basis of the
representations, warranties and agreements of the Company herein contained and subject to all the
terms and conditions set forth herein, each Initial Purchaser agrees, severally and not jointly, to
purchase from the Company, at a purchase price of 97% of the principal amount thereof (the
“Purchase Price”) (to account for fees and expenses payable to the Initial Purchasers; in any
event, the Securities will be issued at face value by the Company pursuant to Article 292.3 of
Royal Legislative Decree 1564/1989 of 22 December, that approves the Spanish Companies Law (the
“Companies Law”), the total principal amount of Securities set forth opposite the name of such
Initial Purchaser in Schedule I hereto. The Company shall not be obligated to deliver any of the
Securities to be delivered hereunder except upon payment for all of the securities to be purchased
as provided herein.

17

 

          On the basis of the representations and warranties contained in this Agreement, and subject to
its terms and conditions, the Company agrees to sell to the Initial Purchasers the Additional
Securities, and the Initial Purchasers shall have the right to purchase, severally and not jointly,
up to $25,000,000 aggregate principal amount of Additional Securities at the Purchase Price. The
Representatives may exercise this right on behalf of the Initial Purchasers in whole or from time
to time in part by giving written notice not later than 30 days after the date of this Agreement.
Any exercise notice shall specify the principal amount of Additional Securities to be purchased by
the Initial Purchasers and the date on which such Additional Securities are to be purchased. Each
purchase date must be at least one business day after the written notice is given and may not be
earlier than the closing date for the Firm Securities nor later than ten business days after the
date of such notice. Additional Securities may be purchased as provided in Section 4 solely for
the purpose of covering over allotments made in connection with the offering of the Firm
Securities. On each day, if any, that Additional Securities are to be purchased (an “Option
Closing Date”), each Initial Purchaser agrees, severally and not jointly, to purchase the principal
amount of Additional Securities (subject to such adjustments to eliminate fractional Securities as
you may determine) that bears the same proportion to the total principal amount of Additional
Securities to be purchased on such Option Closing Date as the principal amount of Firm Securities
set forth in Schedule I opposite the name of such Initial Purchaser bears to the total principal
amount of Firm Securities.

          (b) Each of the Initial Purchasers, severally and not jointly hereby represents and warrants
to the Company that it will offer the Securities for sale upon the terms and conditions set forth
in this Agreement and in the Pricing Disclosure Package. In particular, the Initial Purchasers
undertake not to place or sell the Securities in Spain in the primary market. Each of the Initial
Purchasers hereby represents and warrants to, and agrees with, the Company, on the basis of the
representations, warranties and agreements of the Company, that such Initial Purchaser: (i) is a
QIB with such knowledge and experience in financial and business matters as are necessary in order
to evaluate the merits and risks of an investment in the Securities; (ii) is purchasing the
Securities pursuant to a private sale exempt from registration under the Securities Act; (iii) in
connection with the Exempt Resales, will solicit offers to buy the Securities only from, and will
offer to sell the Securities only to, the Eligible Purchasers in accordance with this Agreement and
on the terms contemplated by the Pricing Disclosure Package; and (iv) will not offer or sell the
Securities, nor has it offered or sold the Securities by, or otherwise engaged in, any form of
general solicitation or general advertising (within the meaning of Regulation D under the
Securities Act, including, but not limited to, advertisements, articles, notices or other
communications published in any newspaper, magazine, or similar medium or broadcast over television
or radio, or any seminar or meeting whose attendees have been invited by any general solicitation
or general advertising). The Initial Purchasers have advised the Company that they will offer the
Securities to Eligible Purchasers at a price initially equal to 100% of the principal amount
thereof, plus accrued interest, if any, from the date of issuance of the Securities. Such price
may be changed by the Initial Purchasers at any time without notice.

          (c) Each Initial Purchaser, severally and not jointly, represents and warrants to and agrees
with the Company that:

     (i) it has complied and will comply with all applicable provisions of the United
Kingdom Financial Services and Markets Act 2000 (“FSMA”) with respect to

18

 

anything done by it in relation to the Notes in, from or
otherwise involving the United
Kingdom; and it has only communicated or caused to be communicated and will only
communicate or cause to be communicated an invitation or involvement to engage in
investment activity (within the meaning of Section 21 of the FSMA) received by it in
connection with the issue or sale of any Notes in circumstances in which Section 21(1) of
the FSMA does not apply to the Company; and

     (ii) in relation to each
Member State of the European Economic Area which
has implemented the Prospectus Directive (each, a “Relevant
Member State”), with effect from, and including,
the date on which the Prospectus Directive is implemented in that Relevant Member State
(the “Relevant Implementation Date”), it has not made and will not make an offer of the Notes
which are the subject of the offering contemplated by the Offering Memorandum to the public in that Relevant Member State,
except that, with effect from and including,
the Relevant Implementation Date, an offer to the public in that Relevant Member State of the Notes may be made at any
time under the following exemptions under the Prospectus Directive, if they have been implemented in that Relevant Member State:

     (A) to legal entities
which are authorized or regulated to operate in the financial markets or, if not so authorized or regulated, whose corporate
purpose is solely to invest in the Company’s securities;

     (B)
to any legal entity which has two or more of (1) an average of
at least 250 employees during the last financial year; (2) a total balance sheet of more than €
43,000,000 and (3) an annual net turnover of more than € 50,000,000, as shown in its last annual or consolidated accounts; or

     (C) to fewer than 100 natural
or legal persons (other than qualified investors as defined in the Prospectus Directive) subject to obtaining the prior consent of
the representative for any such offer; or

     (D) in any other circumstances falling within Article 3(2) of the Prospectus Directive provided that no such offer of the Notes shall result in a requirement for the publication by the Company or any underwriter or agent of a prospectus pursuant to Article 3 of the Prospectus Directive.

     As used above, the expression
“offered to the public” in relation to the Notes in any Relevant Member State means the communication in any form and by any
means of sufficient information on the terms of the offer and the Notes to be offered so as to enable an investor to decide to purchase
or subscribe for the Notes, as the same may be varied in that Member State by any measure implementing the Prospectus Directive in that Member State and the expression “Prospectus Directive” means Directive 2003/71/EC and includes any relevant implementing measure in each Relevant Member State.

          (d) Such Initial Purchaser has not nor, prior to the later to occur of (A) the Closing Date and (B) completion of the distribution of the Securities, will not, use, authorize use of, refer to or distribute any material in connection with the offering and sale of the Securities

19

 

other than (i) the Preliminary Offering Memorandum, the Pricing Disclosure Package, the
Offering Memorandum, (ii) any written communication that contains no “issuer information” (as
defined in Rule 433(h)(2) under the Securities Act) that was not included (including through
incorporation by reference) in the Preliminary Offering Memorandum or any Free Writing Offering
Document listed on Schedule III hereto, (iii) the Free Writing Offering Documents listed on
Schedule III hereto, (iv) any written communication prepared by such Initial Purchaser and approved
by the Company in writing, or (v) any written communication relating to or that contains the terms
of the Securities and/or other information that was included (including through incorporation by
reference) in the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Offering
Memorandum.

          Each of the Initial Purchasers understands that the Company and, for purposes of the opinions
to be delivered to the Initial Purchasers pursuant to Sections 7(b), 7(c) and 7(e) hereof, counsel
to the Company and counsel to the Initial Purchasers, will rely upon the accuracy and truth of the
foregoing representations, warranties and agreements, and the Initial Purchasers hereby consent to
such reliance.

     4. Delivery of the Securities and Payment Therefor. Delivery to the Initial Purchasers of and
payment for the Firm Securities shall be made at the office of Davis Polk & Wardwell LLP, 450
Lexington Avenue, New York, New York, at 9:00 A.M., New York City time, on April 19, 2010 (the
"Closing Date”). The place of closing for the Securities and the Closing Date may be varied by
agreement between the Initial Purchasers and the Company.

          Payment for any Additional Securities shall be made to the Company against delivery of such
Additional Securities for the respective accounts of the several Initial Purchasers at 9:00 A.M.,
New York City time, on the date specified in the corresponding notice described in Section 3(a) or
at such other time on the same or on such other date, as may be varied by agreement between the
Initial Purchasers and the Company.

          The Securities will be delivered to the Initial Purchasers, or the Trustee as custodian for
The Depository Trust Company (“DTC”), against payment by or on behalf of the Initial Purchasers of
the purchase price therefor by wire transfer in immediately available funds, by causing DTC to
credit the applicable Securities to the account of the Initial Purchasers at DTC. The Securities
will be evidenced by one or more global securities in definitive form (the “Global Securities”) or
by additional definitive securities, and will be registered, in the case of the Global Securities,
in the name of Cede & Co. as nominee of DTC, and in the other cases, in such names and in such
denominations as the Initial Purchasers shall request prior to 9:30 A.M., New York City time, on
the second business day preceding the Closing Date or the Option Closing Date, as the case may be.
The Securities to be delivered to the Initial Purchasers shall be made available to the Initial
Purchasers in New York City for inspection and packaging not later than 9:30 A.M., New York City
time, on the business day next preceding the Closing Date or the Option Closing Date, as the case
may be.

     5. Agreements of the Company. The Company agrees with each of the Initial Purchasers as
follows:

20

 

          (a) The Company will furnish to the Initial Purchasers, without charge, within one business
day of the date of the Offering Memorandum, such number of copies of the Offering Memorandum as may
then be amended or supplemented as they may reasonably request.

          (b) The Company will not make any amendment or supplement to the Pricing Disclosure Package or
to the Offering Memorandum of which the Initial Purchasers shall not previously have been advised
or to which they shall reasonably object after being so advised.

          (c) The Company consents to the use of the Pricing Disclosure Package and the Offering
Memorandum in accordance with the securities or Blue Sky laws of the jurisdictions in which the
Securities are offered by the Initial Purchasers and by all dealers to whom Securities may be sold,
in connection with the offering and sale of the Securities.

          (d) While any of the Securities or Underlying Securities remain “restricted securities” within
the meaning of the Securities Act, to make available upon request, to any seller of such
Securities, the information specified in Rule 144A(d)(4) under the Securities Act, unless the
Company is then subject to Section 13 or Section 15(d) of the Exchange Act and has timely filed all
information thereof.

          (e) If, at any time prior to completion of the distribution of the Securities by the Initial
Purchasers to Eligible Purchasers, any event occurs or information becomes known that, in the
judgment of the Company or in the opinion of counsel for the Initial Purchasers, should be set
forth in the Pricing Disclosure Package or the Offering Memorandum so that the Pricing Disclosure
Package or the Offering Memorandum, as then amended or supplemented, does not include any untrue
statement of material fact or omit to state a material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading,
or if it is necessary to supplement or amend the Pricing Disclosure Package or the Offering
Memorandum in order to comply with any law, the Company will forthwith prepare an appropriate
supplement or amendment thereto, and will expeditiously furnish to the Initial Purchasers and
dealers a reasonable number of copies thereof.

          (f) The Company will not make any offer to sell or solicitation of an offer to buy the
Securities that would constitute a Free Writing Offering Document without the prior consent of the
Representatives, which consent shall not be unreasonably withheld or delayed; if at any time
following issuance of a Free Writing Offering Document any event occurred or occurs as a result of
which such Free Writing Offering Document conflicts with the information in the Preliminary
Offering Memorandum, the Pricing Disclosure Package or the Offering Memorandum or, when taken
together with the information in the Preliminary Offering Memorandum, the Pricing Disclosure
Package or the Offering Memorandum, includes an untrue statement of a material fact or omits to
state any material fact necessary in order to make the statements therein, in the light of the
circumstances then prevailing, not misleading, as promptly as practicable after becoming aware
thereof, the Company will give notice thereof to the Initial Purchasers through the Representatives
and, if requested by the Representatives, will prepare and furnish without charge to each Initial
Purchaser a Free Writing Offering Document or other document which will correct such conflict,
statement or omission.

21

 

          (g) Promptly from time to time to take such action as the Initial Purchasers may reasonably
request to qualify the Securities for offering and sale under the securities or Blue Sky laws of
such jurisdictions as the Initial Purchasers may request and to comply with such laws so as to
permit the continuance of sales and dealings therein in such jurisdictions for as long as may be
necessary to complete the distribution of the Securities; provided that in connection therewith the
Company shall not be required to (i) qualify as a foreign corporation in any jurisdiction in which
it would not otherwise be required to so qualify, (ii) file a general consent to service of process
in any such jurisdiction or (iii) subject itself to taxation in any jurisdiction in which it would
not otherwise be subject.

          (h) For a period commencing on the date hereof and ending on the 90th day after the date of
the Offering Memorandum (the “Lock-up Period”), the Company agrees not to, directly or indirectly,
(1) offer for sale, sell, pledge or otherwise dispose of (or enter into any transaction or device
that is designed to, or would be expected to, result in the disposition by any person at any time
in the future of) any ordinary shares (€ 3.00505 nominal value per share) of the Company or
securities convertible into or exchangeable for such ordinary shares of the Company, or sell or
grant options, rights or warrants with respect to the ordinary shares of the Company or securities
convertible into or exchangeable for the ordinary shares of the Company, (2) enter into any swap or
other derivatives transaction that transfers to another, in whole or in part, any of the economic
benefits or risks of ownership of the ordinary shares of the Company, whether any such transaction
described in clause (1) or (2) above is to be settled by delivery of ordinary shares of the Company
or other securities, in cash or otherwise, (3) file or cause to be filed a registration statement,
including any amendments, with respect to the registration of ordinary shares of the Company or
securities convertible, exercisable or exchangeable into ordinary shares of the Company or any
other securities of the Company or (4) publicly announce an offering of any ordinary shares of the
Company or securities convertible or exchangeable into ordinary shares of the Company, in each case
without the prior written consent of Barclays Capital Inc. and RBS Securities Inc., on behalf of
the Initial Purchasers (other than the Securities (including the Underlying Securities) offered
hereby), and to cause each officer, director and shareholder of the Company set forth on
Exhibit E-1 hereto to furnish to Barclays Capital Inc. and RBS Securities Inc., prior to
the date hereof, a letter or letters, substantially in the form of Exhibit E-2 hereto (the
"Lock-Up Agreements”); provided, however, that if (l) during the last 17 days of the initial
Lock-Up Period, the Company releases earnings results or material news or a material event relating
to the Company occurs or (2) prior to the expiration of the initial Lock-Up Period, the Company
announces that it will release earnings results during the 16-day period beginning on the last day
of the initial Lock-Up Period, then in each case the Lock-Up Period will be extended until the
expiration of the 18-day period beginning on the date of release of the earnings results or the
occurrence of the material news or material event, as applicable, unless Barclays Capital Inc. and
RBS Securities Inc. waive, in writing, such extension. The Company will provide Barclays Capital
Inc. and RBS Securities Inc. with notice of any announcement described in clause (2) of the
preceding sentence that gives rise to an extension of the Lock-Up Period. The Company will provide
written notice of any extension of the Lock-Up Period pursuant to the second preceding sentence to
each person listed in Exhibit E-1 who has entered into a Lock-Up Agreement.

     Notwithstanding the foregoing, nothing in this Agreement shall restrict the Company’s ability
to issue or agree to issue a number of ordinary shares that will not increase the amount of

22

 

the Company’s outstanding shares by more than 10%, in a bona fide strategic transaction in
which the recipient of such ordinary shares agrees to honor the foregoing restrictions until the
90th day after the date of the Offering Memorandum.

          (i) Between the date hereof and the Closing Date (both dates included), the Company will not
do any act or thing which, had the Firm Securities then been in issue, would result in an
adjustment to the conversion price of the Firm Securities.

          (j) The Company will furnish to the Initial Purchasers and, upon request, to the holders of
the Securities as soon as practicable after the end of each fiscal year an annual report (including
a balance sheet and statements of income, shareholders’ equity and cash flows of the Company and
its consolidated subsidiaries certified by independent public accountants) and, as soon as
practicable after the end of each of the first three quarters of each fiscal year (beginning with
the fiscal quarter ending after the date of the Offering Memorandum), will make available to its
security holders consolidated summary financial information of the Company and its subsidiaries for
such quarter in reasonable detail; provided that so long as the Company files periodic reports
pursuant to Section 13 or 15(d) of the Exchange Act for the foregoing periods, the Company shall be
deemed to comply with this Section 5(j).

          (k) So long as any of the Securities or the Underlying Securities are outstanding, the Company
will furnish to the Initial Purchasers (i) as soon as available, a copy of each report of the
Company mailed to shareholders generally or filed with any stock exchange or regulatory body and
(ii) from time to time such other information concerning the Company as the Initial Purchasers may
reasonably request; provided, however, that any such document filed with the Commission that is
publicly available in electronic form on the Commission’s EDGAR system or on the Company’s website
shall not be provided.

          (l) The Company will apply the net proceeds from the sale of the Securities to be sold by it
hereunder substantially in accordance with the description set forth in the Pricing Disclosure
Package and the Offering Memorandum under the caption “Use of Proceeds.”

          (m) The Company and its affiliates will not take, directly or indirectly, any action designed
to or that has constituted or that reasonably would be expected to cause or result in the
stabilization or manipulation of the price of any security of the Company in connection with the
offering of the Securities.

          (n) The Company will use its best efforts to permit the Securities to be eligible for
clearance and settlement through DTC. The Company agrees to comply with all agreements set forth in
the representation letters of the Company to DTC relating to the approval of the Securities by DTC
for “book entry” transfer.

          (o) During the period of one year following the Closing Date, the Company will not, and will
not permit any of its affiliates (as defined in Rule 144 under the Securities Act) to, resell any
of the Securities that have been acquired by any of them, except for Securities purchased by the
Company or any of its affiliates and resold in a transaction registered under the Securities Act.

23

 

          (p) The Company agrees not to sell, offer for sale or solicit offers to buy or otherwise
negotiate in respect of any security (as defined in the Securities Act) that would be integrated
with the sale of the Securities in a manner that would require the registration under the
Securities Act of the sale to the Initial Purchasers or the Eligible Purchasers of the Securities.

          (q) The Company will take such steps as shall be necessary to ensure that neither the Company
nor any of the Company’s subsidiaries becomes an “investment company” within the meaning of such
term under the Investment Company Act of 1940, as amended.

          (r) The Company will not take any action or omit to take any action (such as issuing any press
release relating to the Securities without an appropriate legend) which may result in the loss by
any of the Initial Purchasers of the ability to rely on any stabilization safe harbor provided by
the Financial Services Authority under the FSMA.

          (s) The Company will use its reasonable efforts to ensure that prior to the Closing Date the
public deed in respect of the Securities is registered in the Madrid Mercantile Registry and the
announcement related to the issue of the Securities is published in the Official Gazette of the
Mercantile Registry (Boletín Oficial del Registro Mercantil).

          (t) The Company will obtain a número de operación financiera (N.O.F.) from the Bank of Spain
on or before the Closing Date.

          (u) The Company will use its best efforts to ensure that the Securities qualify as debt
instruments (instrumentos de deuda) under Law 13/1985.

          (v) The Company will use its best efforts to ensure that the disbursement minutes in respect
of the Securities are registered in the Madrid Mercantile Registry.

          (w) The Company shall ensure that it maintains a paying agent in a European Union member state
that will not be obliged to withhold or deduct tax pursuant to the European Council Directive
2003/48/EC or any other directive implementing the conclusions of the ECOFIN Council meeting of
26/27 November 2000 or any law implementing or complying with, or introduced in order to conform
to, such Directive.

          (x) The Company confirms that the Securities have not been and will not be registered under
(a) the Spanish Securities Market Law (Ley 24/1988, de 28 de Julio, del Mercado de Valores), as
amended and restated (including, in particular, as amended by Royal Decree-Law 5/2005, of 11th
March (Real Decreto-Ley 5/2005, de 11 de Marzo, de reformas urgentes para el impulso de la
productividad y para la mejora de la contratación pública), which implements Directive 2003/71/EC
of 4th November); (b) Royal Decree 1310/2005, of 4th November (Real Decreto 1310/2005, de 4
noviembre, por el que se desarrolla parcialmente la Ley 24/1988, de 28 de julio, del Mercado de
Valores, en materia de admisión a negociación de valores en mercados secundarios oficiales, de
ofertas públicas de venta o suscripción y del folleto exigible a tales efectos), as amended and
restated; and (c) the decrees and regulations made thereunder (and, if applicable, the relevant
laws and regulations which in the future may replace the aforementioned existing legal provisions)
in The Kingdom of Spain.

24

 

          (y) The Company will use all reasonable endeavors to obtain and maintain for as long as any
Securities are outstanding a listing of the Securities on the Luxembourg Stock Exchange, unless to
do so proves unduly onerous, in which case, it shall use its reasonable best efforts to maintain a
listing and admission to trading of the Securities on such other international stock exchange
reasonably satisfactory to the Initial Purchasers. Furthermore, the Company will file any documents
or reports with respect to the Securities required to be filed with the Luxembourg Stock Exchange
in the time period required for such filing.

          (z) The Company will use its reasonable best efforts to ensure that, prior to June 15, 2010,
the Underlying Securities will be authorized and reserved for issuance upon conversion of the
Securities, including, without limitation, (i) calling a board of directors meeting on or prior to
the Closing Date for the purpose of resolving to call the Underlying Security Ordinary Shareholder
Meeting (as defined below), (ii) calling an ordinary shareholder meeting on or prior to May 31,
2010 (the “Underlying Security Ordinary Shareholder Meeting”) and, (iii) using its reasonable
efforts to ensure that resolutions authorizing and reserving the Underlying Securities for
issuance, and waiving any preemptory right with respect thereto, are approved.

          (aa) The Company will indemnify and hold harmless the Initial Purchasers against any
documentary, stamp, sales, transfer or similar issuance tax or duty, including any interest,
surcharges and penalties, on the creation, issue and sale of the Underlying Securities and on the
execution and delivery of this Agreement, excluding, for the avoidance of doubt, any income taxes.
All payments to be made by the Company to the Initial Purchasers under this Agreement shall be made
without withholding or deduction for or on account of any present or future taxes, duties or
governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such
taxes, duties or charges. In that event, the Company shall pay to the Initial Purchasers such
additional amounts as may be necessary in order that the net amounts received after such
withholding or deduction shall equal the amounts that would have been received if no withholding or
deduction had been made. No additional amounts shall be payable by the Company under this Section
5(aa) to the Initial Purchasers as a result of any Initial Purchaser’s inability to provide, or
failure timely to provide, the Company with a certificate of tax residence, duly issued by the tax
authorities of its country of residence, within the meaning of the relevant Tax Treaty entered into
with Spain, not more than twelve months prior to the date on which the relevant amount is due and
payable, entitling the Initial Purchaser to the benefits of such Tax Treaty in respect of all
income paid under this Agreement.

     6. Expenses. Whether or not the transactions contemplated by this Agreement are consummated
or this Agreement becomes effective or is terminated, the Company agrees to pay all costs,
expenses, fees and taxes incident to and in connection with: (i) the preparation, printing, filing
and distribution of the Preliminary Offering Memorandum, the Pricing Disclosure Package and the
Offering Memorandum (including, without limitation, financial statements and exhibits) and all
amendments and supplements thereto (including the fees, disbursements and expenses of the Company’s
accountants and counsel, but not, however, legal fees and expenses of the Initial Purchasers’
counsel incurred in connection therewith); (ii) the preparation, printing (including, without
limitation, word processing and duplication costs) and delivery of this Agreement, the Acupay
Agreement, the Acupay Letter of Appointment, the Indenture, the Public Deed of Issuance, all Blue
Sky memoranda and all other agreements, memoranda,

25

 

correspondence and other documents printed and delivered in connection therewith and with the
Exempt Resales (but not, however, legal fees and expenses of the Initial Purchasers’ counsel
incurred in connection with any of the foregoing other than fees of such counsel plus reasonable
disbursements incurred in connection with the preparation, printing and delivery of such Blue Sky
memoranda); (iii) the issuance and delivery by the Company of the Securities and any taxes payable
in connection therewith; (iv) the qualification of the Securities for offer and sale under the
securities or Blue Sky laws of the several jurisdictions as provided in Section 5(g) (including,
without limitation, the reasonable fees and disbursements of the Initial Purchasers’ counsel
relating to such registration or qualification); (v) the preparation, printing and distribution of
one or more versions of the Offering Memorandum for distribution in Canada, often in the form of a
Canadian “wrapper” (including related fees and expenses of Canadian counsel to the Initial
Purchasers); (vi) the furnishing of such copies of the Pricing Disclosure Package and the Offering
Memorandum, and all amendments and supplements thereto, as may be reasonably requested for use in
connection with the Exempt Resales; (vii) the preparation of certificates for the Securities
(including, without limitation, printing and engraving thereof); (viii) the approval of the
Securities by DTC for “book-entry” transfer (including fees and expenses of counsel); (ix) the
rating of the Securities; (x) the obligations of the Trustee, any agent of the Trustee and the
counsel for the Trustee in connection with the Indenture and the Securities; (xi) the fees and
expenses of Acupay Systems LLC and any agent of Acupay Systems LLC; (xii) all expenses in
connection with the listing of the Securities on the Luxembourg Stock Exchange; (xiii) the
performance by the Company of their other obligations under this Agreement; and (xiv) any travel
expenses of each Initial Purchaser and the Company’s officers and employees and any other expenses
of each Initial Purchaser and the Company in connection with attending or hosting meetings with
prospective purchasers of the Securities and expenses associated with any electronic roadshow.

     7. Conditions to Initial Purchasers’ Obligations. The respective obligations of the Initial
Purchasers hereunder are subject to the accuracy, when made and on and as of the Closing Date, of
the representations and warranties of the Company contained herein, to the performance by the
Company of its obligations hereunder, and to each of the following additional terms and conditions:

          (a) All corporate proceedings and other legal matters incident to the authorization, form and
validity of this Agreement, the Acupay Agreement, the Acupay Letter of Appointment, the Securities,
the Indenture, the Public Deed of Issuance, the Pricing Disclosure Package and the Offering
Memorandum, and all other legal matters relating to this Agreement and the transactions
contemplated hereby shall be reasonably satisfactory in all material respects to counsel for the
Initial Purchasers, and the Company shall have furnished to such counsel all documents and
information that they may reasonably request to enable them to pass upon such matters.

          (b) Squire, Sanders & Dempsey L.L.P. shall have furnished to the Initial Purchasers its
written opinion, as U.S. counsel to the Company, addressed to the Initial Purchasers and dated the
Closing Date, substantially in the form of Exhibit A hereto.

          (c) Linklaters S.L.P. shall have furnished to the Initial Purchasers its written (i) corporate
opinion, and (ii) tax opinion, both as Spanish counsel to the Company, addressed to

26

 

the Initial Purchasers and dated the Closing Date, substantially in the form of Exhibit
B and Exhibit C hereto.

          (d) Lidia García Páez shall have furnished to the Initial Purchasers her written opinion, as
General Counsel of the Company, addressed to the Initial Purchasers and dated the Closing Date,
substantially in the form of Exhibit D hereto.

          (e) The Initial Purchasers shall have received from Davis Polk & Wardwell LLP, U.S. counsel
for the Initial Purchasers, and Uría Menéndez Abogados, S.L.P., Spanish counsel for the Initial
Purchasers, such opinion or opinions reasonably satisfactory to the Initial Purchasers, dated the
Closing Date, with respect to the issuance and sale of the Securities, the Pricing Disclosure
Package, the Offering Memorandum and other related matters as the Initial Purchasers may reasonably
require, and the Company shall have furnished to such counsel such documents and information as
they reasonably request for the purpose of enabling them to pass upon such matters.

          (f) At the time of execution of this Agreement, the Initial Purchasers shall have received
from Deloitte, S.L. a letter, in form and substance satisfactory to the Initial Purchasers,
addressed to the Initial Purchasers and dated the date hereof (i) confirming that they are
independent public accountants within the meaning of the Securities Act and are in compliance with
the applicable requirements relating to the qualification of accountants under Rule 2-01 of
Regulation S-X of the Commission and (ii) stating, as of the date hereof (or, with respect to
matters involving changes or developments since the respective dates as of which specified
financial information is given in the Pricing Disclosure Package, as of a date not more than three
days prior to the date hereof), the conclusions and findings of such firm with respect to the
financial information and (iii) covering such other matters as are ordinarily covered by
accountants’ “comfort letters” to underwriters in connection with registered public offerings.

          (g) With respect to the letter of Deloitte, S.L. referred to in the preceding paragraph and
delivered to the Initial Purchasers concurrently with the execution of this Agreement (the “initial
letter”), the Company shall have furnished to the Initial Purchasers a letter (the “bring-down
letter”) of such accountants, addressed to the Initial Purchasers and dated the Closing Date (i)
confirming that they are independent public accountants within the meaning of the Securities Act
and are in compliance with the applicable requirements relating to the qualification of accountants
under Rule 2-01 of Regulation S-X of the Commission, (ii) stating, as of the Closing Date (or, with
respect to matters involving changes or developments since the respective dates as of which
specified financial information is given in each of the Pricing Disclosure Package or the Offering
Memorandum, as of a date not more than three days prior to the date of the Closing Date), the
conclusions and findings of such firm with respect to the financial information and other matters
covered by the initial letter and (iii) confirming in all material respects the conclusions and
findings set forth in the initial letter.

          (h) The Lock-Up Agreements between the Representatives and the officers, directors and
shareholders of the Company set forth on Exhibit E-1, delivered to the Representatives on
or before the date of this Agreement, shall be in full force and effect on the Closing Date.

27

 

          (i) Except as described in the Pricing Disclosure Package, (i) neither the Company nor any of
its subsidiaries shall have sustained, since the date of the latest audited financial statements
included in the Pricing Disclosure Package, any loss or interference with its business from fire,
explosion, flood or other calamity, whether or not covered by insurance, or from any labor dispute
or court or governmental action, order or decree or (ii) since such date, there shall not have been
any change in the capital stock or long-term debt of the Company or any of its subsidiaries or any
change, or any development involving a prospective change, in or affecting the condition (financial
or otherwise), results of operations, shareholders’ equity, assets, management or business of the
Company and its subsidiaries, taken as a whole, the effect of which, in any such case described in
clause (i) or (ii), is, individually or in the aggregate, in the judgment of the Representatives,
so material and adverse as to make it impracticable or inadvisable to proceed with the offering or
the delivery of the Securities being delivered on the Closing Date on the terms and in the manner
contemplated in the Offering Memorandum.

          (j) The Company shall have furnished or caused to be furnished to the Initial Purchasers on
the Closing Date a certificate of the Chief Accounting Officer of the Company, substantially in the
form set forth in Exhibit G.

          (k) The Company shall have furnished or caused to be furnished to the Initial Purchasers on
the Closing Date certificates of officers of the Company satisfactory to the Initial Purchasers to
the effect that:

     (i) The representations, warranties and agreements of the Company in Section 2 are true
and correct on and as of the Closing Date, and the Company has complied with all its
agreements contained herein and satisfied all the conditions on its part to be performed or
satisfied hereunder at or prior to the Closing Date;

     (ii) They have carefully examined the Pricing Disclosure Package and the Offering
Memorandum, and, in their opinion, (A) the Pricing Disclosure Package, as of the Applicable
Time and as of the Closing Date, and the Offering Memorandum, as of its date and as of the
Closing Date, did not and do not contain any untrue statement of a material fact and did not
and do not omit to state a material fact necessary to make the statements therein, in the
light of the circumstances under which they were made, not misleading and (B) since the date
of the Pricing Disclosure Package and the Offering Memorandum, no event has occurred which
should have been set forth in a supplement or amendment to the Pricing Disclosure Package of
the Offering Memorandum; and

     (iii) Upon (A) the sale of the Securities on the terms contained herein and the
application of the proceeds as described under “Use of Proceeds” in each of the Pricing
Disclosure Package and the Offering Memorandum, and (B) the funding of the Senior Credit
Facility on the terms contained therein and the application of the proceeds as described
under “Description of Other Indebtedness” in each of the Pricing Disclosure Package and the
Offering Memorandum, the Company will not be in default, and no event will have occurred
that with notice of or lapse of time or both, would constitute such default, in the due
performance or observance of any term, covenant, condition or other obligation (including,
without limitation, financial ratio covenants) contained in any indenture, mortgage, deed of
trust, loan agreement, license or other agreement or

28

 

instrument to which it is a party or by which it is bound or to which any of its
properties or assets is subject, to the extent any such default would not, in the aggregate,
reasonably be expected to have a Material Adverse Effect.

          (l) The Company and the Trustee shall have executed and delivered the Indenture, and the
Initial Purchasers shall have received an original copy thereof, duly executed by the Company and
the Trustee.

          (m) The Company and Acupay shall have executed and delivered the Acupay Agreement and the
Acupay Letter of Appointment, and the Initial Purchasers shall have received an original copy of
each document thereof, duly executed by the Company and Acupay.

          (n) Subsequent to the execution and delivery of this Agreement there shall not have occurred
any of the following: (i) trading in securities generally on The NASDAQ Global Select Market or
trading in any securities of the Company on any exchange or in the over-the-counter market, shall
have been suspended or materially limited or the settlement of such trading generally shall have
been materially disrupted or minimum prices shall have been established on any such exchange or
such market by the Commission, by such exchange or by any other regulatory body or governmental
authority having jurisdiction, (ii) a banking moratorium shall have been declared by federal or
state authorities, (iii) the United States shall have become engaged in hostilities, there shall
have been an escalation in hostilities involving the United States or there shall have been a
declaration of a national emergency or war by the United States that makes it, in the judgment of
the Representatives, impracticable or inadvisable to proceed with the offering or delivery of the
Securities being delivered on the Closing Date on the terms and in the manner contemplated in the
Offering Memorandum or that, in the judgment of the Representatives, would materially and adversely
affect the financial markets or the markets for the Securities and other debt securities or (iv)
there shall have occurred such a material adverse change in general economic, political or
financial conditions, including, without limitation, as a result of terrorist activities after the
date hereof (or the effect of international conditions on the financial markets in the United
States shall be such), as to make it, in the judgment of the Representatives, impracticable or
inadvisable to proceed with the offering or delivery of the Securities being delivered on the
Closing Date on the terms and in the manner contemplated in the Offering Memorandum or that, in the
judgment of the Representatives, would materially and adversely affect the financial markets or the
markets for the Securities and other debt securities.

          (o) As of the Closing Date, the Public Deed of Issuance, in respect of the Securities shall
have been registered with the Madrid Mercantile Registry and the issue of the Securities shall have
been published in the Official Gazette of the Mercantile Registry (Boletín Oficial del Registro
Mercantil).

          (p) The Company shall have caused the Securities to be approved for listing, subject to
issuance, on the Luxembourg Stock Exchange.

          (q) The Company shall have caused to be executed and delivered the shareholder commitments in
the form of Exhibit F-2 (the “Shareholder Commitments”) from the shareholders of the
Company set forth on Exhibit F-1, and each of the Shareholder Commitments shall be in full
force and effect on the Closing Date.

29

 

          (r) The Board of Directors of the Company shall have passed a resolution to (i) call the
Underlying Security Ordinary Shareholder Meeting on or prior to May 31, 2010 and (ii) approve and
make available to the shareholders of the Company the documentation needed for the Underlying
Security Ordinary Shareholder Meeting, including a directors’ report and a report issued by an
auditor, other than the Company’s auditor, both in compliance with Article 293 of the Companies Law
and other applicable rules.

          (s) Simultaneously with the settlement of the offering of the Securities, the proceeds shall
have been used to repay the Telvent DTN Credit Agreement in full on the terms set forth in the
Pricing Disclosure Package and the Initial Purchasers shall have been furnished with documentation
evidencing such matters reasonably satisfactory to the Representatives.

          (t) On or before the Closing Date, either (i) the Senior Credit Facility shall have been
funded and the proceeds thereof shall have been used for the purposes set forth in the Senior
Credit Facility 6-K, or (ii) an agreement in form reasonably satisfactory to the Representatives
waiving applicable events of default or acceleration, or other similar occurrences, in the debt
agreements stated in the Senior Credit Facility 6-K to be repaid or refinanced, which would
otherwise occur under such debt agreements as a result of the offering of the Securities or the
Company’s performance under the Securities, shall be in full force and effect. The Initial
Purchasers shall have been furnished with documentation evidencing the matters in clauses (i) or
(ii) above, as applicable, reasonably satisfactory to the Representatives.

          All opinions, letters, evidence and certificates mentioned above or elsewhere in this
Agreement shall be deemed to be in compliance with the provisions hereof only if they are in form
and substance reasonably satisfactory to counsel for the Initial Purchasers.

          The several obligations of the Initial Purchasers to purchase Additional Securities hereunder
are subject to the delivery to the Representatives on the applicable Option Closing Date of such
documents as the Representatives may reasonably request with respect to the good standing of the
Company, the due authorization and issuance of the Additional Securities to be sold on such Option
Closing Date and other matters related to the issuance of such Additional Securities.

     8. Indemnification and Contribution.

          (a) The Company hereby agrees to indemnify and hold harmless each Initial Purchaser, its
directors, officers and employees and each person, if any, who controls any Initial Purchaser
within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, from and
against any loss, claim, damage or liability, joint or several, or any action in respect thereof
(including, but not limited to, any loss, claim, damage, liability or action relating to purchases
and sales of the Securities), to which that Initial Purchaser, director, officer, employee or
controlling person may become subject, under the Securities Act, the Exchange Act or otherwise,
insofar as such loss, claim, damage, liability or action arises out of, or is based upon, (i) any
untrue statement or alleged untrue statement of a material fact contained (A) in any Free Writing
Offering Document, the Preliminary Offering Memorandum, the Pricing Disclosure Package or the
Offering Memorandum or in any amendment or supplement thereto, (B) in any material or information
provided to investors by, or with the approval of, the Company in

30

 

connection with the marketing of the offering of the Securities (“Marketing Materials”),
including any roadshow or investor presentations made to investors by the Company (whether in
person or electronically), or (C) the Pre-Release 6-K, or (ii) the omission or alleged omission to
state in any Free Writing Offering Document, the Preliminary Offering Memorandum, the Pricing
Disclosure Package or the Offering Memorandum, or in any amendment or supplement thereto, in any
Marketing Materials, or the Pre-Release 6-K, any material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading,
and shall reimburse each Initial Purchaser and each such director, officer, employee or controlling
person promptly upon demand for any legal or other expenses reasonably incurred by that Initial
Purchaser, director, officer, employee or controlling person in connection with investigating or
defending or preparing to defend against any such loss, claim, damage, liability or action as such
expenses are incurred; provided, that the Company shall not be liable in any such case to the
extent that any such loss, claim, damage, liability or action arises out of, or is based upon, any
untrue statement or alleged untrue statement or omission or alleged omission made in any
Preliminary Offering Memorandum, the Pricing Disclosure Package or Offering Memorandum, or in any
such amendment or supplement thereto, or in any Marketing Materials, in reliance upon and in
conformity with written information concerning such Initial Purchaser furnished to the Company
through the Representatives by or on behalf of any Initial Purchaser specifically for inclusion
therein, which information consists solely of the information specified in Section 8(e). The
foregoing indemnity agreement is in addition to any liability that the Company may otherwise have
to any Initial Purchaser or to any director, officer, employee or controlling person of that
Initial Purchaser.

          (b) Each Initial Purchaser, severally and not jointly, hereby agrees to indemnify and hold
harmless the Company, its officers and employees, each of its directors, and each person, if any,
who controls the Company within the meaning of Section 15 of the Securities Act or Section 20 of
the Exchange Act, from and against any loss, claim, damage or liability, joint or several, or any
action in respect thereof, to which the Company or any such director, officer, employee or
controlling person may become subject, under the Securities Act, the Exchange Act or otherwise,
insofar as such loss, claim, damage, liability or action arises out of, or is based upon, (i) any
untrue statement or alleged untrue statement of a material fact contained (A) in any Free Writing
Offering Document, Preliminary Offering Memorandum, the Pricing Disclosure Package or the Offering
Memorandum or in any amendment or supplement thereto, (B) in any Marketing Materials, or (C) the
Pre-Release 6-K, or (ii) the omission or alleged omission to state in any Free Writing Offering
Document, Preliminary Offering Memorandum, the Pricing Disclosure Package or the Offering
Memorandum, or in any amendment or supplement thereto, any material fact necessary in order to make
the statements therein, in the light of the circumstances under which they were made, not
misleading, but in each case only to the extent that the untrue statement or alleged untrue
statement or omission or alleged omission was made in reliance upon and in conformity with written
information concerning such Initial Purchaser furnished to the Company through the Representatives
by or on behalf of that Initial Purchaser specifically for inclusion therein, which information is
limited to the information set forth in Section 8(e). The foregoing indemnity agreement is in
addition to any liability that any Initial Purchaser may otherwise have to the Company or any such
director, officer, employee or controlling person.

31

 

          (c) Promptly after receipt by an indemnified party under this Section 8 of notice of any claim
or the commencement of any action, the indemnified party shall, if a claim in respect thereof is to
be made against the indemnifying party under this Section 8, notify the indemnifying party in
writing of the claim or the commencement of that action; provided, that the failure to notify the
indemnifying party shall not relieve it from any liability that it may have under this Section 8
except to the extent it has been materially prejudiced by such failure and; provided, further, that
the failure to notify the indemnifying party shall not relieve it from any liability that it may
have to an indemnified party otherwise than under this Section 8. If any such claim or action
shall be brought against an indemnified party, and it shall notify the indemnifying party thereof,
the indemnifying party shall be entitled to participate therein and, to the extent that it wishes,
jointly with any other similarly notified indemnifying party, to assume the defense thereof with
counsel reasonably satisfactory to the indemnified party. In no event shall the indemnifying
parties be liable for fees and expenses of more than one counsel (in addition to any local counsel)
separate from their own counsel for all indemnified parties in connection with any one action or
separate but similar or related actions in the same jurisdiction arising out of the same general
allegations or circumstances. After notice from the indemnifying party to the indemnified party of
its election to assume the defense of such claim or action, the indemnifying party shall not be
liable to the indemnified party under this Section 8 for any legal or other expenses subsequently
incurred by the indemnified party in connection with the defense thereof other than reasonable
costs of investigation; provided, that the indemnified party shall have the right to employ counsel
to represent jointly the indemnified party and its respective directors, officers, employees and
controlling persons who may be subject to liability arising out of any claim in respect of which
indemnity may be sought by the indemnified party against the indemnifying party under this Section
8, if (i) the indemnified party and the indemnifying party shall have so mutually agreed; (ii)
indemnifying party has failed within a reasonable time to retain counsel reasonably satisfactory to
the indemnified party; (iii) the indemnified party and its respective directors, officers,
employees and controlling persons shall have reasonably concluded, based on the advice of counsel,
that there may be legal defenses available to it that are different from or in addition to those
available to the indemnifying party; or (iv) the named parties in any such proceeding (including
any impleaded parties) include both the Initial Purchasers or their respective directors, officers,
employees or controlling persons, on the one hand, and the Company, on the other hand, and
representation of both sets of parties by the same counsel would present a conflict due to actual
or potential differing interests between them, and in any such event the fees and expenses of such
separate counsel shall be paid by the Company. No indemnifying party shall (i) without the prior
written consent of the indemnified parties (which consent shall not be unreasonably withheld),
settle or compromise or consent to the entry of any judgment with respect to any pending or
threatened claim, action, suit or proceeding in respect of which indemnification or contribution
may be sought hereunder (whether or not the indemnified parties are actual or potential parties to
such claim or action) unless such settlement, compromise or consent includes an unconditional
release of each indemnified party from all liability arising out of
such claim, action, suit or
proceeding and does not include a statement as to or an admission of fault, culpability or failure
to act by or on behalf of any indemnified party, or (ii) be liable for any settlement of any such
action effected without its written consent (which consent shall not be unreasonably withheld), but
if settled with the consent of the indemnifying party or if there be a final judgment of the
plaintiff in any such action, the indemnifying party

32

 

agrees to indemnify and hold harmless any indemnified party from and against any loss or
liability by reason of such settlement or judgment.

          (d) If the indemnification provided for in this Section 8 shall for any reason be unavailable
to or insufficient to hold harmless an indemnified party under Section 8(a) or 8(b) in respect of
any loss, claim, damage or liability, or any action in respect thereof, referred to therein, then
each indemnifying party shall, in lieu of indemnifying such indemnified party, contribute to the
amount paid or payable by such indemnified party as a result of such loss, claim, damage or
liability, or action in respect thereof, (i) in such proportion as shall be appropriate to reflect
the relative benefits received by the Company, on the one hand, and the Initial Purchasers, on the
other, from the offering of the Securities or (ii) if the allocation provided by clause (i) above
is not permitted by applicable law, in such proportion as is appropriate to reflect not only the
relative benefits referred to in clause (i) above but also the relative fault of the Company, on
the one hand, and the Initial Purchasers, on the other, with respect to the statements or omissions
that resulted in such loss, claim, damage or liability, or action in respect thereof, as well as
any other relevant equitable considerations. The relative benefits received by the Company, on the
one hand, and the Initial Purchasers, on the other, with respect to such offering shall be deemed
to be in the same proportion as the total net proceeds from the offering of the Securities
purchased under this Agreement (before deducting expenses) received by the Company, on the one
hand, and the total discounts and commissions received by the Initial Purchasers with respect to
the Securities purchased under this Agreement, on the other hand, bear to the total gross proceeds
from the offering of the Securities under this Agreement as set forth in the “Use of Proceeds”
section of the Offering Memorandum. The relative fault shall be determined by reference to whether
the untrue or alleged untrue statement of a material fact or omission or alleged omission to state
a material fact relates to information supplied by the Company, or the Initial Purchasers, the
intent of the parties and their relative knowledge, access to information and opportunity to
correct or prevent such statement or omission. The Company and the Initial Purchasers agree that
it would not be just and equitable if contributions pursuant to this Section 8(d) were to be
determined by pro rata allocation (even if the Initial Purchasers were treated as one entity for
such purpose) or by any other method of allocation that does not take into account the equitable
considerations referred to herein. The amount paid or payable by an indemnified party as a result
of the loss, claim, damage or liability, or action in respect thereof, referred to above in this
Section 8(d) shall be deemed to include, for purposes of this Section 8(d), any legal or other
expenses reasonably incurred by such indemnified party in connection with investigating or
defending any such action or claim. Notwithstanding the provisions of this Section 8(d), no
Initial Purchaser shall be required to contribute any amount in excess of the amount by which the
net proceeds from the sale to Eligible Purchasers of the Securities initially purchased by it
exceeds the amount of any damages that such Initial Purchaser has otherwise paid or become liable
to pay by reason of any untrue or alleged untrue statement or omission or alleged omission. No
person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. The Initial Purchasers’ obligations to contribute as provided in
this Section 8(d) are several
in proportion to their respective purchase obligations and not joint.

          (e) The Initial Purchasers severally confirm and the Company acknowledges and agrees that the
statements with respect to the offering of the Securities by the Initial

33

 

Purchasers set forth in the first paragraph of the sub-section entitled “Plan of
Distribution—  Stabilization and Short Positions” in the Pricing Disclosure Package and
the Offering Memorandum are correct and constitute the only information concerning such Initial
Purchasers furnished in writing to the Company by or on behalf of the Initial Purchasers
specifically for inclusion in the Preliminary Offering Memorandum, the Pricing Disclosure Package
and the Offering Memorandum or in any amendment or supplement thereto.

     9. Defaulting Initial Purchasers. If on the Closing Date, or on an Option Closing Date, as
the case may be, any Initial Purchaser defaults in the performance of its obligations under this
Agreement, the remaining non-defaulting Initial Purchasers shall be obligated to purchase the
Securities that the defaulting Initial Purchaser agreed but failed to purchase on the Closing Date
or the Option Closing Date, as the case may be, in the respective proportions that the principal
amount of Securities set opposite the name of each remaining non-defaulting Initial Purchaser in
Schedule I hereto bears to the total principal amount of Securities set opposite the names of all
the remaining non-defaulting Initial Purchasers in Schedule I hereto; provided, that the remaining
non-defaulting Initial Purchasers shall not be obligated to purchase any of the Securities on the
Closing Date or the Option Closing Date, as the case may be, if the aggregate principal amount of
Securities that the defaulting Initial Purchaser or Initial Purchasers agreed but failed to
purchase on such date exceeds 9.09% of the aggregate principal amount of Securities to be purchased
on the Closing Date, or on the Option Closing Date, as the case may be, and any remaining
non-defaulting Initial Purchasers shall not be obligated to purchase more than 110% of the
aggregate principal amount of Securities that it agreed to purchase on the Closing Date, or on the
Option Closing Date, as the case may be, pursuant to the terms of Section 3. If the foregoing
maximums are exceeded, the remaining non-defaulting Initial Purchasers, or those other Initial
Purchasers satisfactory to the Initial Purchasers who so agree, shall have the right, but shall not
be obligated, to purchase, in such proportion as may be agreed upon among them, all the Securities
to be purchased on the Closing Date, or on the Option Closing Date, as the case may be.

          If other Initial Purchasers are obligated or agree to purchase the Securities of a defaulting
or withdrawing Initial Purchaser, either the remaining Initial Purchasers or the Company may
postpone the Closing Date for up to seven full business days in order to effect any changes that in
the opinion of counsel for the Company or counsel for the Initial Purchasers may be necessary in
the Pricing Disclosure Package, the Offering Memorandum or in any other document or arrangement.

          If the remaining Initial Purchasers or other Initial Purchasers satisfactory to the Initial
Purchasers do not elect to purchase: (a) the Securities that the defaulting Initial Purchaser or
Initial Purchasers agreed but failed to purchase on the Closing Date, this Agreement shall
terminate without liability on the part of any non-defaulting Initial Purchaser or the Company; or
(b) the Additional Securities that the defaulting Initial Purchaser or Initial Purchasers agreed
but failed to purchase on the Option Closing Date, the non-defaulting Initial Purchasers shall have
the option to either: (i) terminate their obligation hereunder to purchase the Additional
Securities to be sold on such Option Closing Date; or (ii) purchase not less than the principal
amount of Additional Securities that such non-defaulting Initial Purchaser would have been
obligated to purchase in the absence of such default.

34

 

          As used in this Agreement, the term “Initial Purchaser” includes, for all purposes of this
Agreement unless the context requires otherwise, any party not listed in Schedule I hereto that,
pursuant to this Section 9, purchases Securities that a defaulting Initial Purchaser agreed but
failed to purchase.

          Nothing contained herein shall relieve: (a) a defaulting Initial Purchaser of any liability it
may have to the Company for damages caused by its default; or (b) the Company of any liability for
the payment of expenses to the extent set forth in Sections 6 and 11.

     10. Termination. The obligations of the Initial Purchasers hereunder may be terminated by the
Initial Purchasers by notice given to and received by the Company prior to delivery of and payment
for the Securities if, prior to that time, any of the events described in Sections 7(i) or (n)
shall have occurred or if the Initial Purchasers shall decline to purchase the Securities for any
reason permitted under this Agreement.

     11. Reimbursement of Initial Purchasers’ Expenses. If (a) the Company fails to tender the
Securities for delivery to the Initial Purchasers or (b) the Initial Purchasers shall decline to
purchase the Securities for any reason permitted under this Agreement, the Company shall reimburse
the Initial Purchasers for all reasonable out-of-pocket expenses (including fees and disbursements
of counsel) incurred by the Initial Purchasers in connection with this Agreement and the proposed
purchase of the Securities, and upon demand the Company shall pay the full amount thereof to the
Initial Purchasers.

     12. Notices, etc. All statements, requests, notices and agreements hereunder shall be in
writing, and:

          (a) if to any Initial Purchaser, shall be delivered or sent by hand delivery, mail, telex,
overnight courier or facsimile transmission to Barclays Capital Inc., 745 Seventh Avenue, New York,
New York 10019, Attention: Syndicate Registration (Fax: (646) 834-8133), and RBS Securities Inc.,
600 Washington Boulevard, Stamford, CT 06901, Attention: Glenn Silverstein (Fax: (203) 873-3677),
with a copy to Davis Polk & Wardwell LLP, Attention: Nicholas A. Kronfeld (Fax: (212) 450-5759),
and with a copy, in the case of any notice pursuant to Section 8(c), to Director of Litigation,
Office of the General Counsel, Barclays Capital Inc., 745 Seventh Avenue, New York, New York
10019, and Group Legal, RBS Securities Inc., 600 Washington Boulevard, Stamford, CT 06901, (Fax:
(203) 879-3748);

          (b) if to the Company, shall be delivered or sent by mail, telex, overnight courier or
facsimile transmission to Telvent GIT, S.A., Valgrande, 6, 28108 Alcobendas, Madrid, Spain,
Attention: President (Fax: 011.34.917.14.70.01 ), with a copy to Squire, Sanders & Dempsey L.L.P.,
127 Public Square, Cleveland, Ohio 44114, Attention: Laura D. Nemeth (Fax: (216) 479-8374);

provided, that any notice to an Initial Purchaser pursuant to Section 8(c) shall be delivered or
sent by hand delivery, mail, telex or facsimile transmission to such Initial Purchaser at its
address set forth in its acceptance telex to Barclays Capital Inc. and RBS Securities Inc., which
address will be supplied to any other party hereto by Barclays Capital Inc. and RBS Securities Inc.
upon request. Any such statements, requests, notices or agreements shall take effect at the time
of

35

 

receipt thereof. The Company shall be entitled to act and rely upon any request, consent, notice
or agreement given or made on behalf of the Initial Purchasers by Barclays Capital Inc. and RBS
Securities Inc.

     13. Persons Entitled to Benefit of Agreement. This Agreement shall inure to the benefit of
and be binding upon the Initial Purchasers, the Company, and their respective successors. This
Agreement and the terms and provisions hereof are for the sole benefit of only those persons,
except that the representations, warranties, indemnities and agreements of the Company contained in
this Agreement shall also be deemed to be for the benefit of directors, officers and employees of
the Initial Purchasers and each person or persons, if any, controlling any Initial Purchaser within
the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act. Nothing in this
Agreement is intended or shall be construed to give any person, other than the persons referred to
in this Section 13, any legal or equitable right, remedy or claim under or in respect of this
Agreement or any provision contained herein.

     14. Survival. The respective indemnities, rights of contribution, representations, warranties
and agreements of the Company and the Initial Purchasers contained in this Agreement or made by or
on behalf of them, respectively, pursuant to this Agreement, shall survive the delivery of and
payment for the Securities and shall remain in full force and effect, regardless of any
investigation made by or on behalf of any of them or any person controlling any of them.

     15. Definition of the Terms “Business Day,” “Affiliate” and “Subsidiary.” For purposes of
this Agreement, (a) “business day” means any day other than a Saturday, a Sunday or a day on which
the Federal Reserve Bank of New York is authorized or required by law or executive order to close
or be closed or a day on which commercial banks in Madrid are closed for business and (b)
“affiliate” and “subsidiary” have the meanings set forth in Rule 405 under the Securities Act.

     16. Governing Law. (a) THIS AGREEMENT AND ANY MATTERS RELATED TO THIS TRANSACTION SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO
PRINCIPLES OF CONFLICT OF LAWS THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAWS
OF THE STATE OF NEW YORK. The Company irrevocably agrees that any suit, action or proceeding
against the Company brought by the Purchasers or by any person who controls the Purchasers, arising
out of or based upon this Agreement or the transactions contemplated hereby may be instituted in
the U.S. District Court for the Southern District of New York or, if that court does not have
subject matter jurisdiction, in any state or federal court in the Borough of Manhattan, The City of
New York, New York, and, to the fullest extent permitted by law, irrevocably waives any objection
which it may now or hereafter have to the laying of venue of any such suit, action or proceeding,
and irrevocably submits to the nonexclusive jurisdiction of such courts in any such suit, action or
proceeding. The Company will irrevocably appoint CT Corporation System, 111 Eighth Avenue, New
York, N.Y. 10011 as its Authorized Agent (the “Authorized Agent”) upon whom process may be served
in any such suit, action or proceeding arising out of or based on this Agreement or the
transactions contemplated hereby which may be instituted in any state or federal court in the
Borough of Manhattan, The City of New York, New York, by the Initial Purchasers or by any

36

 

person who controls the Initial Purchasers, and the Company expressly consents to the
jurisdiction of any such court in respect of any such suit, action or proceeding, and waives any
other requirements of or objections to personal jurisdiction with respect thereto. The Company
represents and warrants that the Authorized Agent has agreed to act as said agent for service of
process, and the Company agrees to take any and all action, including the filing of any and all
documents and instruments, that may be necessary to continue such appointment in full force and
effect as aforesaid for a period of seven years from the date of this Agreement. Service of
process upon the Authorized Agent and written notice of such service to the Company shall be
deemed, in every respect, effective service of process upon the Company. Notwithstanding the
foregoing, any suit, action or proceeding based on this Agreement may be instituted by an Initial
Purchaser in any competent court in The Kingdom of Spain.

     (b) The Company and each of the Initial Purchasers hereby irrevocably waives, to the fullest
extent permitted by applicable law, any and all right to trial by jury in any legal proceeding
arising out of or relating to this Agreement or the transactions contemplated hereby.

     (c) The obligation of the Company in respect of any sum due to any Initial Purchaser under
this Agreement shall, notwithstanding any judgment in a currency other than U.S. dollars or any
other applicable currency (the “Judgment Currency”), not be discharged until the first business
day, following receipt by such Initial Purchaser of any sum adjudged to be so due in the Judgment
Currency, on which (and only to the extent that) such Initial Purchaser may in accordance with
normal banking procedures purchase U.S. dollars or any other applicable currency with the Judgment
Currency; if the U.S. dollars or other applicable currency so purchased are less than the sum
originally due to such Initial Purchaser hereunder, the Company agrees, as a separate obligation
and notwithstanding any such judgment, to indemnify such Initial Purchaser against such loss. If
the U.S. dollars or other applicable currency so purchased are greater than the sum originally due
to such Initial Purchaser hereunder, such Initial Purchaser agrees to pay to the Company an amount
equal to the excess of the U.S. dollars or other applicable currency so purchased over the sum
originally due to such Initial Purchaser hereunder.

     (d) With respect to any suit or proceeding arising out of or relating to this Agreement or the
transactions contemplated hereby, each party irrevocably waives, to the fullest extent permitted by
applicable law, all immunity (whether on the basis of sovereignty or otherwise) from jurisdiction,
service of process, attachment (both before and after judgment) and execution to which it might
otherwise be entitled, and with respect to any such suit or proceeding, each party waives any such
immunity in any court of competent jurisdiction, and will not raise or claim or cause to be pleaded
any such immunity at or in respect of any such suit or proceeding, including, without limitation,
any immunity pursuant to the U.S. Foreign Sovereign Immunities Act of 1976, as amended.

     17. No Fiduciary Duty. The Company acknowledges and agrees that in connection with this
offering, or any other services the Initial Purchasers may be deemed to be providing hereunder,
notwithstanding any preexisting relationship, advisory or otherwise, between the parties or any
oral representations or assurances previously or subsequently made by the Initial Purchasers: (i)
no fiduciary or agency relationship between the Company, and any other person, on the one hand, and
the Initial Purchasers, on the other, exists; (ii) the Initial Purchasers are not acting as
advisors, expert or otherwise, to the Company, including, without limitation, with

37

 

respect to the determination of the purchase price of the Securities, and such relationship
between the Company, and the Initial Purchasers is entirely and solely commercial, based on
arms-length negotiations; (iii) any duties and obligations that the Initial Purchasers may have to
the Company shall be limited to those duties and obligations specifically stated herein; and (iv)
the Initial Purchasers and their respective affiliates may have interests that differ from those of
the Company. The Company hereby waive any claims that the Company may have against the Initial
Purchasers with respect to any breach of fiduciary duty in connection with the Securities.

     18. Counterparts. This Agreement may be executed in one or more counterparts and, if executed
in more than one counterpart, the executed counterparts shall each be deemed to be an original but
all such counterparts shall together constitute one and the same instrument.

     19. Headings. The headings herein are inserted for convenience of reference only and are not
intended to be part of, or to affect the meaning or interpretation of, this Agreement.

     20. Tax treatment. Notwithstanding anything herein to the contrary, the Company (and the
Company’s employees, representatives, and other agents) are authorized to disclose to any and all
persons, the tax treatment and tax structure of the potential transaction and all materials of any
kind (including tax opinions and other tax analyses) provided to the Company relating to that
treatment and structure, without the Initial Purchasers’ imposing any limitation of any kind.
However, any information relating to the tax treatment and tax structure shall remain confidential
(and the foregoing sentence shall not apply) to the extent necessary to enable any person to comply
with securities laws. For this purpose, “tax treatment” means U.S. federal and state income tax
treatment, and “tax structure” is limited to any facts that may be relevant to that treatment.

38

 

          If the foregoing correctly sets forth the agreement between the Company and the Initial
Purchasers, please indicate your acceptance in the space provided for that purpose below.

	 	 	 	 	 
	 	Very truly yours,

Telvent GIT, S.A.

 	 
	 	By  	/s/ Manuel Sánchez
 	 
	 	 	Name:  	Manuel Sánchez 	 
	 	 	Title:  	Chief Executive Officer 	 
	 

Accepted:

Barclays Capital Inc.

RBS Securities Inc.

          By Barclays Capital Inc., as Authorized Representative

	 	 	 	 	 
	 	 
	By  	/s/ Paul Robinson
 	 
	 	Name:  	Paul Robinson 	 
	 	Title:  	Managing Director 	 
	 

          By RBS Securities Inc., as Authorized Representative

	 	 	 	 	 
	 	 
	By  	 /s/
Robert
Hammer 
	 
	 	Name:  	Robert Hammer	 
	 	Title:  	Head of Equities & Structured Retail, Americas	 
	 

39

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00172-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00172-of-00352.parquet"}]]