To: BANCO BILBAO VIZCAYA ARGENTARIA, S.A., BANCO SANTANDER, S.A., CAIXABANK, S.A., EBN BANCO DE NEGOCIOS, S.A., INSTITUTO DE CRÉDITO OFICIAL, E.P.E., INSTITUT CATALÀ DE FINANCES, MORA BANC GRUP, S.A., COMPAÑÍA ESPAÑOLA DE FINANCIACIÓN DEL DESARROLLO COFIDES, S.A., S.M.E. acting in its own name and on behalf of the FONDO PARA INVERSIONES EN EL EXTERIOR, F.C.P.J. (FIEX) as Lenders participating in the Standstill Agreement (as defined below)
14 January 2026
LETTER REQUESTING AMENDMENT
Dear Sirs:
We refer to:
1 BACKGROUND
In order to facilitate negotiations in good faith and the formalisation of the definitive documentation necessary to implement the Restructuring, an extension of the Standstill Period is requested on the terms described in this letter.
Unless otherwise stated, the terms defined in the Standstill Agreement have the same meaning in this letter.
In this letter, “Effective Date” refers to the date on which all Participating Lenders have countersigned this letter.
2 REQUEST FOR AMENDMENT
We request that, as Participating Lenders, you consent to the following: with effect from the Effective Date, paragraph (c) of the definition of “Termination Date” contained in Clause 1.1 of the Standstill Agreement shall be amended and replaced in its entirety by the following text:
"(c) 23:59 (CET) on 9 March 2026 (or such later date as may be agreed by all the Participating Lenders); or"
"(c) 23:59 (CET) on 9 March 2026 (or such later date as may be agreed by all the Participating Lenders); or"
3 CONTINUING OBLIGATIONS
The provisions of the Standstill Agreement, save as amended by this letter, shall remain in full force and effect.