-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FAXkMU1ZWCvMVgA7WKYyoxXfx00jg3lhkp2XoI5Tf9OpaDBu9GrqRvr2qwRQmB8Z H+mJQLpDn0NW4vIS6gQ6zg== 0000950123-09-045225.txt : 20090923 0000950123-09-045225.hdr.sgml : 20090923 20090923161448 ACCESSION NUMBER: 0000950123-09-045225 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20090923 DATE AS OF CHANGE: 20090923 GROUP MEMBERS: SIEMA AG GROUP MEMBERS: TELVENT CORP SL FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ABENGOA SA CENTRAL INDEX KEY: 0001161785 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: AVDA DE LA BUHAIRA 2 CITY: SEVILLA SPAIN STATE: U3 ZIP: 00000 MAIL ADDRESS: STREET 1: AVDA DE LA BUHAIRA 2 CITY: SEVILLA SPAIN STATE: U3 ZIP: 00000 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TELVENT GIT S A CENTRAL INDEX KEY: 0001257803 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 000000000 STATE OF INCORPORATION: U3 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80455 FILM NUMBER: 091082852 BUSINESS ADDRESS: STREET 1: VALGRANDE, 6 28108 ALCOBENDAS CITY: MADRID STATE: U3 ZIP: 00000 BUSINESS PHONE: 216479-8347 MAIL ADDRESS: STREET 1: VALGRANDE, 6 28108 ALCOBENDAS CITY: MADRID STATE: U3 ZIP: 00000 SC 13D/A 1 l37630sc13dza.htm AMENDMENT NO.2 TO SCHEDULE 13D sc13dza
 
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Telvent GIT, S.A.
(Name of Issuer)
Ordinary Shares, 3.00505 nominal value per share
(Title of Class of Securities)
E90215109
(CUSIP Number)
Manuel Sánchez
Valgrande, 6
28108, Alcobendas, Madrid, Spain
(34) 902-33-55-99
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 15, 2009
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box o.
Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 

 


 

13D
                     
CUSIP No.
 
E90215109 
 

 

           
1   NAME OF REPORTING PERSON

Abengoa, S.A.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Kingdom of Spain
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   17,830,038
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    17,830,038
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  17,830,038

Page 2 of 13 Pages


 

 

           
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  52.3%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  HC, CO

Page 3 of 13 Pages


 

13D
                     
CUSIP No.
 
E90215109 
 

 

           
1   NAME OF REPORTING PERSON

Telvent Corporation S.L.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Kingdom of Spain
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   15,595,438
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    15,595,438
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  15,595,438

Page 4 of 13 Pages


 

                     

 

           
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  45.7%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO

Page 5 of 13 Pages


 

13D
                     
CUSIP No.
 
E90215109 
 

 

           
1   NAME OF REPORTING PERSON

Siema AG
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Switzerland
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   2,234,600
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    2,234,600
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,234,600

Page 6 of 13 Pages


 

 

           
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  6.6%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  HC, CO

Page 7 of 13 Pages


 

          This Second Amendment to Schedule 13D (“Second Amendment”) relates to and amends the Statement of Beneficial Ownership on Schedule 13D, initially filed on November 6, 2008 (the “Original Schedule 13D”), and as amended by Amendment No. 1 on June 12, 2009 (“Amendment No. 1”), of Abengoa, S.A., a company organized under the laws of the Kingdom of Spain (“Abengoa”), Siema AG, a company organized under the laws of Switzerland (“Siema”), and Telvent Corporation, S.L., a limited liability company organized under the laws of Spain (“Telvent Corporation,” and together with Abengoa and Siema, each a “Reporting Person” and collectively the “Reporting Persons”) with respect to the ordinary shares, nominal value 3.00505 per share (the “Shares”), of Telvent GIT, S.A., a sociedad anonima organized under the laws of the Kingdom of Spain (“Telvent,” or the “Issuer”).
          Items 2, 5, 6 and 7 are hereby supplemented and amended.
Item 2. Identity and Background
          Attached and incorporated herein by reference is Schedule A, which amends and restates certain information concerning the directors and executive officers of Abengoa, Siema, and Telvent Corporation.
Item 5. Interest in Securities of the Issuer.
          Based on the number of securities outstanding as contained in Telvent’s Form 20-F filed with the Securities and Exchange Commission on March 18, 2009, the total number of Shares issued and outstanding was 34,094,159. On September 15, 2009 Telvent Corporation sold 370,962 Shares to Telvent pursuant to a purchase agreement dated September 11, 2009 (the “Purchase Agreement”). The Shares purchased by Telvent will not have voting or dividend rights so long as they are owned by Telvent. However, under Spanish law, the Shares will continue to count towards a quorum for purposes of any matters presented for a vote of the shareholders and, therefore, the Shares remain outstanding.
          (a) On September 15, 2009 Telvent Corporation sold 370,962 Shares. The sale decreased the total number of shares owned by Telvent Corporation to 15,595,438 Shares, or approximately 45.7% of the Issuer’s outstanding Shares. As of September 15, 2009, Abengoa beneficially owns 17,830,038 Shares, or approximately 52.3% of the Issuer’s outstanding Shares, and Siema beneficially owns 2,234,600 Shares, or approximately 6.6% of the Issuer’s outstanding Shares.
          (b) Number of Shares to which such Reporting Persons have:
  (i)   Sole power to vote or to direct the vote:
 
      Abengoa, Telvent Corporation, and Siema have no power individually to vote or direct the vote of Shares.
 
  (ii)   Shared power to vote or to direct the vote:
 
      Abengoa and Telvent Corporation share voting power for 15,595,438 Shares. Abengoa and Siema share voting power for 2,234,600 Shares.
 
  (iii)   Sole power to dispose or to direct the disposition of Shares:
 
      Abengoa, Telvent Corporation, and Siema have no power individually to dispose of or to direct the disposition of Shares.
 
  (iv)   Shared power to dispose or to direct the disposition of Shares:

Page 8 of 13 Pages


 

      Abengoa and Telvent Corporation share dispositive power for 15,595,438 Shares. Abengoa and Siema share dispositive power for 2,234,600 Shares.
          (c) Pursuant to the Purchase Agreement, Telvent Corporation sold Telvent 370,962 Shares at a price of $18.50 per share for an aggregate purchase price of U.S. $6,862,797, equivalent to 4,706,993.82 using the closing USD/ exchange rate on September 10, 2009 of 1.458USD/. The closing of the sale occurred on September 15, 2009.
          (d) Not applicable.
          (e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
     On September 11, 2009 Telvent Corporation entered into the Purchase Agreement, attached hereto as Exhibit 1, with Telvent.
Item 7. Material to be Filed as Exhibits.
     
Exhibit   Description
 
   
1
  Purchase Agreement dated September 11, 2009, by and between Telvent Corporation S.L. and Telvent GIT, S.A.
 
   
2
  Joint Filing Agreement, dated November 6, 2008, by and among Abengoa S.A., Telvent Corporation S.L. and Siema AG (incorporated by reference to Exhibit 3 to the Schedule 13D filed by the Reporting Persons on November 6, 2008).

Page 9 of 13 Pages


 

SIGNATURE
     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
         
Dated: September 23, 2009  ABENGOA, S.A.
 
 
  By:   /s/ Miguel Angel Jiménez- Velasco Mazarío    
  Name:   Miguel Angel Jiménez- Velasco Mazarío 
  Title:   Attorney 
 
  TELVENT CORPORATION S.L.
 
 
Dated: September 23, 2009  By:   /s/ Miguel Angel Jiménez- Velasco Mazarío    
  Name:   Miguel Angel Jiménez- Velasco Mazarío 
  Title:   Chairman 
 
     
Dated: September 23, 2009  By:   /s/ José Marcos    
  Name:   José Marcos 
  Title:   Director 
 
     
Dated: September 23, 2009  By:   /s/ Juan Carlos Jiménez    
  Name:   Juan Carlos Jiménez 
  Title:   Director 
 
  SIEMA AG
 
 
Dated: September 23, 2009  By:   /s/ Miguel Angel Jiménez- Velasco Mazarío    
  Name:   Miguel Angel Jiménez- Velasco Mazarío 
  Title:   Chairman 
 
     
Dated: September 23, 2009  By:   /s/ Juan Carlos Jiménez    
  Name:   Juan Carlos Jiménez 
  Title:   Director 
 

Page 10 of 13 Pages


 

Schedule A
Directors and Executive Officers of Abengoa, S.A. The name and present principal occupation or employment of each director and executive officer of Abengoa and certain other information are set forth below. Except as otherwise noted below, the business address of each such director and executive officer is c/o Abengoa, Avda. de la Buhaira, 2, 41018 Sevilla, Spain. As of June 2004, Inversión Corporativa owned an approximate 56.04% interest in Abengoa. Inversión Corporativa is a private corporation, which we believe has 315 shareholders, none of whom Telvent believes has a controlling interest. Unless otherwise indicated, each occupation set forth opposite an individual’s name refers to employment with Abengoa. All directors and executive officers listed below are citizens of Spain.
     
    Present Principal
Name   Occupation or Employment
 
   
Felipe Benjumea Llorente
  Director (Chairman of the Board) and Chief Executive Officer of Abengoa; Chairman of the Board of Directors of Inversion Corporativa IC, S.A. (holding company) and Director (Chairman, as Abengoa S.A., of the Foundation Focus-Abengoa).
 
   
Javier Benjumea Llorente
  Director of Abengoa, S.A.; Director of Inversion Corporativa IC, S.A. (holding company), and Director of the Foundation Focus-Abengoa.
 
   
José Joaquín Abaurre Llorente
  Director of Abengoa; Director of Inversion Corporativa IC, S.A. (holding company).
 
   
José Luis Aya Abaurre
  Director of Abengoa; Director (Vice Chairman) of Inversion Corporativa IC, S.A. (holding company).
 
   
José B. Terceiro Lomba
  Director of Abengoa (Deputy Vice Chairman); Director of Telvent, Professor at the Complutense University (Madrid, Spain).
 
   
Alicia Velarde Valiente
  Director of Abengoa.
 
   
Carlos Sebastián Gascón
  Director of Abengoa.
 
   
Carlos Sundheim Losada
  Director of Abengoa.
 
   
Daniel Villalba Vila
  Director of Abengoa.
 
   
Fernando Solís Martínez-Campos
  Director of Abengoa.
 
   
Ignacio Solís Guardiola
  Director of Abengoa.
 
   
Maria Teresa Benjumea Llorente
  Director of Abengoa.
 
   
Mercedes Gracia Díez
  Director of Abengoa.

Page 11 of 13 Pages


 

     
    Present Principal
Name   Occupation or Employment
 
   
Miguel Martín Fernández
  Director of Abengoa.
 
   
José Borrell Fontelles
  Director of Abengoa
 
   
Amando Sánchez Falcón
  Chief Financial Officer of Abengoa.
 
   
Javier Salgado Leirado
  Chief Executive Officer of Abengoa Bioenergy Corp. (a bioenergy company), a subsidiary of Abengoa.
 
   
Manuel Sánchez Ortega
  Director, Chairman and Chief Executive Officer of Telvent; Joint Director of Telvent Investments, S.L.; Chairman of GIRH (human resources outsourcing); an Abengoa subsidiary.
 
   
Alfonso González Domínguez
  President of Instalaciones Inabensa, S.A. (an electrical, communications and mechanical installations company), a subsidiary of Abengoa, and of Abener Energía, S.A. (an engineering and construction company in the industrial field), a subsidiary of Abengoa.
 
   
Javier Molina Montes
  President of Befesa Agua, S.A.U. (engineering and construction services provider), a subsidiary of Abengoa; President of Befesa Medio Ambiente, S.A. (an industrial waste service provider).
Directors and Executive Officers of Siema AG. The name and present principal occupation or employment of each director and executive officer of Siema and certain other information are set forth below. Unless otherwise indicated, each occupation set forth opposite an individual’s name refers to employment with Siema.
             
    Present Principal        
    Occupation or        
Name   Employment   Business Address   Citizenship
Miguel Angel Jiménez-
Velasco Mazarío
  Chairman   Valgrande, 6, Alcobendas,
Madrid, Spain
  Spain
     
 
           
Juan Carlos Jiménez
  Director   Valgrande, 6, Alcobendas,
Madrid, Spain
  Spain
     
 
           
Suzanne Wettenschwiler
  Director   Baarerstrasse 12, 6300 Zug.
Switzerland
  Switzerland
     
 
           
Roman Giger
  Director   Baarerstrasse 12, 6300 Zug.
Switzerland
  Switzerland
     
 
           
Raoul Bussmann
  Director   Baarerstrasse 12, 6300 Zug.
Switzerland
  Switzerland
     
Directors and Executive Officers of Telvent Corporation, S.L. The name and present principal occupation or employment of each director and executive officer of Telvent Corporation and certain other information are set forth below. Except as otherwise noted below, the business address of each such director and executive officer is Avda. de la Buhaira, 2, 41018 Sevilla, Spain. Unless otherwise indicated, each occupation set forth opposite an individual’s name

Page 12 of 13 Pages


 

refers to employment with Telvent Corporation. All directors and executive officers listed below are citizens of Spain.
     
    Present Principal
Name   Occupation or Employment
Miguel A. Jiménez-Velasco Mazarío
  Chairman
 
   
Juan Carlos Jimenez Lora
  Director
 
   
José Marcos Romero
  Director
 
   
 
   
 
   

Page 13 of 13 Pages

EX-99.1 2 l37630exv99w1.htm EX-99.1 exv99w1
EXHIBIT 1
PURCHASE AGREEMENT
     THIS PURCHASE AGREEMENT (this “Agreement”) is made as of the 11th day of September, 2009, by and between Telvent GIT, S.A. (the “Company”), a sociedad anonima organized under the laws of the Kingdom of Spain, with its principal offices at Valgrande, 6, 28108 Alcobendas, Madrid, Spain, and Telvent Corporation, S.L., a sociedad de responsibilidad limitada organized under the laws of the Kingdom of Spain, with its principal offices at Valgrande, 6, 28108 Alcobendas, Madrid, Spain (the “Seller”).
     WHEREAS, the Company desires to acquire 370,962 of the ordinary shares (the “Shares”), nominal value 3.00505 per share (the “Ordinary Shares”), of the Company held by the Seller; and
     WHEREAS, Seller is willing to sell the Shares to the Company, on the terms and subject to the conditions set forth herein;
     IN CONSIDERATION of the mutual covenants contained in this Agreement, the Company and the Seller agree as follows:
     SECTION 1. Authorization of Sale and Purchase of the Shares. Subject to the terms and conditions of this Agreement, the Seller has authorized the sale of the Shares to the Company and the Company has authorized the purchase thereof from the Seller.
     SECTION 2. Agreement to Sell and Purchase the Shares. Subject to the terms and conditions of this Agreement, at the Closing (as defined in Section 3), the Seller shall sell to the Company and the Company shall buy from the Seller, upon the terms and conditions hereinafter set forth, the Shares, at the price of U.S. $18.50 per Share, for an aggregate purchase price of U.S. $6,862,797 equivalent to 4,706,993.82 using the closing USD/ exchange rate on September 10, 2009 of 1.458 USD/ (the “Purchase Price”)
     SECTION 3. Delivery of the Shares at the Closing.
          3.1 The Closing.
          (a) The completion of the purchase and sale of the Shares (the “Closing”), shall occur on a date designated by the Company and the Seller, but no later than September 25, 2009 (the “Closing Date”).
          (b) At the Closing, the Company shall deliver, in immediately available funds, the full amount of the Purchase Price by wire transfer to an account designated by the Seller and the Seller shall cause to be delivered to the Company at the Closing (or as soon thereafter as is reasonably practicable) one or more share certificates registered in the name of the Company, or in such nominee name(s) as designated by the Company in writing, representing the Shares and bearing an appropriate legend referring to the fact that the Shares were sold in reliance upon the


 

exemption from registration under the Securities Act of 1933, as amended (the “Securities Act”), provided by Section 4(2) thereof and Rule 506 promulgated thereunder.
          (c) The Seller’s obligation to complete the purchase and sale of the Shares and deliver such share certificate(s) to the Company at the Closing shall be subject to the following conditions, either of which may be waived by the Seller: (a) receipt by the Seller of same-day funds in the full amount of the Purchase Price; and (b) the accuracy of the representations and warranties made herein by the Company as of the date hereof and the Closing Date. The Company’s obligation to accept delivery of such stock certificate(s) and to pay for the Shares evidenced thereby shall be subject to following conditions, either of which may be waived by the Company: (a) the accuracy of the representations and warranties made herein by the Seller as of the date hereof and the Closing Date; and (b) the Company’s receipt of the proceeds of a loan in the principal amount of not less than the Purchase Price and on terms and conditions satisfactory to the Company, in its sole discretion.
     SECTION 4. Representations, Warranties and Covenants of the Company. The Company hereby represents and warrants to, and covenants with, the Seller that the representations, warranties and statements contained in this Section 4 are true and correct as of the date hereof.
          4.1 Organization and Qualification. The Company is a sociedad anonima duly organized, existing, established, and in good standing under the laws of the Kingdom of Spain and is duly qualified as a foreign corporation to transact business in each jurisdiction in which qualification is required, except where failure to so qualify would not result in a material adverse effect on the business or operations of the Company.
          4.2 Organization; Validity; Enforcement. (i) The Company has full right, power, authority and capacity to enter into this Agreement and to consummate the transactions contemplated hereby and has taken all necessary action to authorize the execution, delivery and performance of this Agreement, (ii) the making and performance of this Agreement by the Company and the consummation of the transactions herein contemplated will not violate any provision of the organizational documents of the Company or conflict with, result in the breach or violation of, or constitute, either by itself or upon notice or the passage of time or both, a default under any material agreement, mortgage, deed of trust, lease, franchise, license, indenture, permit or other instrument to which the Company is a party or, any statute or any authorization, judgment, decree, order, rule or regulation of any court or any regulatory body, administrative agency or other governmental agency or body applicable to the Company, (iii) no consent, approval, authorization or other order of any court, regulatory body, administrative agency or other governmental agency or body is required on the part of the Company for the execution and delivery of this Agreement or the consummation of the transactions contemplated by this Agreement, (iv) upon the execution and delivery of this Agreement, this Agreement shall constitute a legal, valid and binding obligation of the Company, enforceable in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application relating to or the enforcement of creditor’s rights and the application of equitable principles relating to the availability of remedies, and except as rights to indemnity or contribution, may be limited by Spanish, U.S. federal or U.S. state securities laws or the public policy underlying such laws and (v) there is not

-2-


 

in effect any order enjoining or restraining the Company from entering into or engaging in any of the transactions contemplated by this Agreement.
          4.3 Market Price of Ordinary Shares. The Company has not taken, and will not take, directly or indirectly, any action designed to cause or result in, or that has constituted or that would reasonably be expected to constitute, the stabilization or manipulation of the market price of the Ordinary Shares to facilitate the sale or resale of the Shares.
     SECTION 5. Representations, Warranties and Covenants of the Seller. The Seller hereby represents and warrants to, and covenants with, the Company that the representations, warranties and statements contained in this Section 5 are true and correct as of the date hereof.
          5.1 Information Available to Seller. The Seller has had the opportunity to request, receive, review and consider all information it deems relevant in making an informed decision to sell the Shares and to ask questions of, and receive answers from, the Company concerning such information.
          5.2 Organization and Qualification. The Seller is a sociedad de responsibilidad limitada duly organized, existing, established, and in good standing under the laws of the Kingdom of Spain and is duly qualified as a foreign corporation to transact business in each jurisdiction in which qualification is required, except where failure to so qualify would not result in a material adverse effect on the business or operations of the Seller.
          5.3 Organization; Validity; Enforcement. (i) The Seller has full right, power, authority and capacity to enter into this Agreement and to consummate the transactions contemplated hereby and has taken all necessary action to authorize the execution, delivery and performance of this Agreement, (ii) the making and performance of this Agreement by the Seller and the consummation of the transactions herein contemplated will not violate any provision of the organizational documents of the Seller or conflict with, result in the breach or violation of, or constitute, either by itself or upon notice or the passage of time or both, a default under any material agreement, mortgage, deed of trust, lease, franchise, license, indenture, permit or other instrument to which the Seller is a party or, any statute or any authorization, judgment, decree, order, rule or regulation of any court or any regulatory body, administrative agency or other governmental agency or body applicable to the Seller, (iii) no consent, approval, authorization or other order of any court, regulatory body, administrative agency or other governmental agency or body is required on the part of the Seller for the execution and delivery of this Agreement or the consummation of the transactions contemplated by this Agreement, (iv) upon the execution and delivery of this Agreement, this Agreement shall constitute a legal, valid and binding obligation of the Seller, enforceable in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application relating to or the enforcement of creditor’s rights and the application of equitable principles relating to the availability of remedies, and except as rights to indemnity or contribution, may be limited by Spanish, U.S. federal or U.S. state securities laws or the public policy underlying such laws and (v) there is not in effect any order enjoining or restraining the Seller from entering into or engaging in any of the transactions contemplated by this Agreement.

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          5.4 Shares. The Seller owns the Shares free and clear of (i) any restrictions on transfer (other than restrictions under the Securities Act of 1933, as amended); and (ii) any and all liens, pledges, security interests or other encumbrances, charge or restriction of any kind, including any restriction on use, voting, transfer, receipt of income, or exercise of any other attribute of ownership or any option, right of first refusal, pre-emptive right, or other right of third parties, whether voluntarily incurred or arising by operation of law, and includes, without limitation, any agree to give any of the foregoing in the future.
     SECTION 6. Survival. Notwithstanding any investigation made by any party to this Agreement, all representations and warranties, covenants and agreements made by the Company and the Seller herein shall survive the execution of this Agreement, the delivery to the Company of the Shares being purchased and the payment therefor.
     SECTION 7. Indemnification.
          7.1 The Company agrees to indemnify and hold harmless the Seller and all of its shareholders, partners, members, officers, directors, employees and direct or indirect investors and any of the foregoing persons’ agents or other representatives (including, without limitation, those retained in connection with the transactions contemplated by this Agreement) (collectively, the “Indemnitees”) from and against any and all actions, causes of action, suits, claims, losses, costs, penalties, fees, liabilities and damages, and expenses in connection therewith (irrespective of whether any such Indemnitee is a party to the action for which indemnification hereunder is sought), and including reasonable attorneys’ fees and disbursements but excluding consequential, punitive, indirect, exemplary damages or any damages measured by lost profits or a multiple of earnings (the “Indemnified Liabilities”), incurred by any Indemnitee as a result of, or arising out of, or relating to (a) any misrepresentation or breach of any representation or warranty made by the Company in this Agreement, or (b) any breach of any covenant, agreement or obligation of the Company contained in this Agreement.
          7.2 The Seller agrees to indemnify and hold harmless the Company and all of its shareholders, partners, members, officers, directors, employees and direct or indirect investors and any of the foregoing persons’ agents or other representatives (including, without limitation, those retained in connection with the transactions contemplated by this Agreement) (collectively, the “Indemnitees”) from and against any and all actions, causes of action, suits, claims, losses, costs, penalties, fees, liabilities and damages, and expenses in connection therewith (irrespective of whether any such Indemnitee is a party to the action for which indemnification hereunder is sought), and including reasonable attorneys’ fees and disbursements but excluding consequential, punitive, indirect, exemplary damages or any damages measured by lost profits or a multiple of earnings (the “Indemnified Liabilities”), incurred by any Indemnitee as a result of, or arising out of, or relating to (a) any misrepresentation or breach of any representation or warranty made by the Seller in this Agreement, or (b) any breach of any covenant, agreement or obligation of the Seller contained in this Agreement.
     SECTION 8. Notices. All notices, requests, consents and other communications hereunder shall be in writing, shall be mailed by first-class registered or certified airmail, e-mail, confirmed facsimile or nationally recognized overnight express courier postage prepaid, and shall be deemed given when so mailed and shall be as addressed as follows:

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          if to the Company, to:
Telvent GIT, S.A.
Valgrande, 6
28108, Alcobendas, Madrid, Spain
Attention: Lidia Garcia Paéz
Facsimile: 34-91-714-7001
With a copy by e-mail: lgarcia@telvent.com
with a copy (which shall not constitute a notice) to:
Squire, Sanders & Dempsey L.L.P.
4900 Key Tower
127 Public Square
Cleveland, Ohio 44114
Attention: Laura D. Nemeth
Facsimile: 216-479-8552
E-mail: lnemeth@ssd.com
or to such other person at such other place as the Company shall designate to the Seller in writing; and
          if to the Seller, to:
Telvent Corporation, S.L.
Valgrande, 6
28108, Alcobendas, Madrid, Spain
Attention: Miguel Angel Jimenez
Facsimile: +34 (954) 937 002
With a copy by e-mail: majimenez@abenoga.com
or to such other person at such other place as the Seller shall designate to the Company in writing.
     SECTION 9. Changes. This Agreement may not be modified or amended except pursuant to an instrument in writing signed by the Company and the Seller. Any amendment or waiver effected in accordance with this Section 9 shall be binding upon each holder of any securities purchased under this Agreement at the time outstanding, each future holder of all such securities, and the Company.
     SECTION 10. Headings. The headings of the various sections of this Agreement have been inserted for convenience of reference only and shall not be deemed to be part of this Agreement.
     SECTION 11. Severability. In case any provision contained in this Agreement should be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby.

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     SECTION 12. Governing Law. This Agreement is to be construed in accordance with and governed by the laws of the Kingdom of Spain.
     SECTION 13. Counterparts. This Agreement may be executed in counterparts, each of which shall constitute an original, but all of which, when taken together, shall constitute but one instrument, and shall become effective when one or more counterparts have been signed by each party hereto and delivered to the other parties. Facsimile signatures shall be deemed original signatures.
     SECTION 14. Entire Agreement. This Agreement and the instruments referenced herein contain the entire understanding of the parties with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither the Company nor the Seller makes any representation, warranty, covenant or undertaking with respect to such matters. Each party expressly represents and warrants that it is not relying on any oral or written representations, warranties, covenants or agreements outside of this Agreement.
     SECTION 15. Fees and Expenses. Except as set forth herein, each of the Company and the Seller shall pay its respective fees and expenses related to the transactions contemplated by this Agreement.
     SECTION 16. Parties. This Agreement is made solely for the benefit of and is binding upon the Seller and the Company and, to the extent provided in Section 7 hereof, any person controlling the Company or the Seller, the officers and directors of the Company, and their respective executors, administrators, successors and assigns and no other person shall acquire or have any right under or by virtue of this Agreement.
     SECTION 17. Further Assurances. Each party agrees to cooperate fully with the other parties and to execute such further instruments, documents and agreements and to give such further written assurance as may be reasonably requested by any other party to evidence and reflect the transactions described herein and contemplated hereby and to carry into effect the intents and purposes of this Agreement.
     SECTION 18. Construction.
     (a) For purposes of this Agreement, whenever the context requires: the singular number shall include the plural, and vice versa; the masculine gender shall include the feminine and neuter genders; the feminine gender shall include the masculine and neuter genders; and the neuter gender shall include the masculine and feminine genders.
     (b) The parties hereto agree that any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be applied in the construction or interpretation of this Agreement.
     (c) As used in this Agreement, the words “include” and “including,” and variations thereof, shall not be deemed to be terms of limitation, but rather shall be deemed to be followed by the words “without limitation”.

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     (d) Except as otherwise indicated, all references in this Agreement to “Sections”, “Schedules” and “Exhibits” are intended to refer to Sections of this Agreement and Schedules and Exhibits to this Agreement. The term “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in Madrid, Spain are authorized or required by law to remain closed.
[Signature Page Follows]

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     IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized representatives as of the day and year first above written.
         
  TELVENT GIT, S.A.
 
 
  By:   /s/ Barbara Zubiria    
    Name:   Barbara Zubiria   
    Its: Attorney in Fact   
 
     
  And by:   /s/ Lidia Garcia    
    Name:   Lidia Garcia   
    Its: Attorney in Fact   
 
  TELVENT CORPORATION, S.L.
 
 
  By:   /s/ Miguel Angel Jimenez    
    Name:   Miguel Angel Jimenez   
    Its: Attorney in Fact   
 

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