Case Doc 505 Filed 07/27/16 Entered 07/27/16 22:10:15 Main Document Pg 1 of 43

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1 Pg 1 of 43 UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF MISSOURI EASTERN DIVISION In re: ABENGOA BIOENERGY US HOLDING, LLC, et al., Debtors. Chapter 11 Case No (Jointly Administered) Objection Deadline: August 10, 2016 Hearing Date and Time: August 17, 2016 at 10:00 a.m. Hearing Location: Courtroom 7 North DEBTORS APPLICATION FOR ENTRY OF AN ORDER AUTHORIZING AND APPROVING THE EMPLOYMENT AND RETENTION OF AMHERST CONSULTING, LLC AS FINANCIAL ADVISOR EFFECTIVE JULY 6, 2016 The above-captioned debtors and debtors in possession (collectively, the Debtors ) respectfully submit this application (the Application ), pursuant to sections 327(a), 328(a) and 1103(a) of title 11 of the United States Code, 11 U.S.C (as amended, the Bankruptcy Code ), Rules 2014 and 2016 of the Federal Rules of Bankruptcy Procedure (the Bankruptcy Rules ), and Rule of the Local Bankruptcy Rules of the United States Bankruptcy Court for the Eastern District of Missouri (the Local Bankruptcy Rules ), for entry of an order: (a) authorizing and approving the employment and retention of Amherst Consulting, LLC ( Amherst ) to serve as the Debtors financial advisor effective as of July 6, 2016 to perform certain limited services in accordance with the terms and conditions of that certain engagement letter (the Engagement Letter ), dated as of July 6, 2016, between Amherst and Abengoa Bioenergy U.S. Holding, LLC, attached hereto as Exhibit A, (b) approving the 1

2 Pg 2 of 43 proposed compensation arrangements and the indemnification provisions set forth in the Engagement Letter; and (d) granting such other relief as is just and proper. In support of this Application, the Debtors submit the Declaration of James Morden, a Managing Director of Amherst, attached hereto as Exhibit B (the Morden Declaration ). In further support of this Application, the Debtors respectfully state as follows: JURISDICTION AND VENUE 1. The United States Bankruptcy Court for the Eastern District of Missouri (the Court ) has jurisdiction over this matter pursuant to 28 U.S.C. 157 and This matter is a core proceeding within the meaning of 28 U.S.C. 157(b)(2). 2. Venue in this Court is proper under 28 U.S.C and The bases for the relief requested herein are sections 327(a) and 328(a) of the Bankruptcy Code, Bankruptcy Rules 2014(a) and 2016, and Local Bankruptcy Rule BACKGROUND 4. On February 24, 2016 (the Original Petition Date ), Abengoa Bioenergy US Holding, LLC, Abengoa Bioenergy Company, LLC, Abengoa Bioenergy of Nebraska, LLC, Abengoa Bioenergy Engineering & Construction, LLC, Abengoa Bioenergy Trading US, LLC, and Abengoa Bioenergy Outsourcing, LLC (the Original Debtors ) filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code. 5. On June 12, 2016 (the Maple Petition Date ), Abengoa Bioenergy Meramec Renewable, LLC, Abengoa Bioenergy Funding, LLC, Abengoa Bioenergy Maple, LLC, Abengoa Bioenergy of Indiana, LLC, Abengoa Bioenergy of Illinois, LLC, and Abengoa Bioenergy Operations, LLC (the Maple Debtors ) filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code. 2

3 Pg 3 of The Debtors cases are jointly administered and the Debtors continue to manage and operate their businesses as debtors in possession under sections 1107 and 1108 of the Bankruptcy Code. 7. On March 11, 2016, the United States Trustee appointed an Official Committee of Unsecured Creditors (the Committee ). No trustee or examiner has been appointed in these chapter 11 cases. 8. Additional information about the Debtors business operations, their capital and debt structures, and the events leading to the filing of these chapter 11 cases, is set forth in detail in the Declaration of Sandra Porras Serrano in Support of Chapter 11 Petitions and First Day Pleadings [Docket No. 12] and the Supplemental Declaration of Sandra Porras Serrano [Docket No. 373] and fully incorporated herein by reference. Amherst s Qualifications 9. The Debtors have selected Amherst as their financial advisor to perform certain limited services because (a) Amherst has extensive experience and an excellent reputation in providing high quality financial advisory services to debtors in chapter 11 cases and other restructurings, and (b) the Debtors developed a professional relationship with Managing Director James Morden who was previously employed by Alvarez & Marsal North America, LLC where he gained extensive knowledge regarding the Debtors and their operations. 10. Headquartered in Birmingham, Michigan, Amherst was founded in 1994 and is one of the Midwest s most reputable boutique advisory firms. Amherst has expertise in a wide range of industries, and has been engaged in numerous types of restructurings, mergers and acquisitions, and other financial transactions. Amherst specializes in assisting financially troubled companies in both in-court and out-of-court matters. Amherst is an experienced 3

4 Pg 4 of 43 bankruptcy and restructuring advisor to debtors and other parties of interest in both domestic and cross-border cases. 11. Amherst s business reorganization professionals have served as financial advisor and investment banker in numerous cases, including, among others: In re Innatech, LLC (E.D. Mich.); In re Premarc Corp. (E.D. Mich.); In re US Fidelis, Inc. (E.D. Mo.); In-re-Jacobs- Industries, Inc. (E.D. Mich.); In re Vincent Industrial Plastics, Inc. (W.D. Ky.); In re Sidler, Inc. (E.D. Mich.); In re Waste Reduction, Inc. (E.D. Mich.); In re Trans Industries, Inc. (E.D. Mich.); In re PCS Financial Corp. (N.D. Ill.); In re Executone of Michigan, Inc. (E.D. Mich.); In re Computerized Facilities Integration, Inc. (E.D. Mich.); First Independence Capital., Inc. (E.D. Mich.); In re Bernadette Business Forms, Inc. (E.D. Mo.). 12. Amherst is highly qualified to provide the cash flow forecasting, DIP budget support, and general financial and managerial support that may be required by the Debtor. The majority of the services provided will be rendered by Managing Director James Morden, who has 15 years of turnaround and restructuring experience, with oversight from Partner Sheldon Stone, who has 23 years of turnaround and restructuring experience. 13. Accordingly, Amherst possesses the requisite expertise and background to handle matters that are likely to arise in these cases. Services to be Provided 14. Subject to further order of the Court, and as set forth in the Engagement Letter attached as Exhibit A hereto, in consideration for the compensation contemplated therein, Amherst will render financial advisory services to the Debtors, including: a. Production of rolling 13-week cash flow forecasts and cash variance reports; b. Updates to DIP loan budgets; and 4

5 Pg 5 of 43 c. Other services as defined by the Debtors and agreed to by Amherst in writing. Professional Compensation 15. In accordance with the terms of the Engagement Letter, Amherst will be paid by the Debtors for the services of the Amherst professionals at their customary hourly billing rates, which are as follows: Partner $450 Managing Director $400 Associate $ Such rates and ranges shall be subject to adjustment annually at such time as Amherst adjusts its rates generally. 17. In addition, Amherst will be reimbursed for the reasonable out-of-pocket expenses of the Amherst professionals incurred in connection with this assignment, such as travel, lodging, third party duplications, messenger and telephone charges. 18. The Debtors will provide Amherst with a retainer in the amount of $50,000 which shall be credited against any amounts due at the termination of this engagement and returned upon the satisfaction of all obligations hereunder. 19. The Debtors understand that Amherst intends to apply to the Court for allowance of compensation and reimbursement of expenses for its financial advisory services in accordance with the applicable provisions of the Bankruptcy Code, the Bankruptcy Rules, corresponding Local Rules, orders of this Court and guidelines established by the U.S. Trustee. 20. Amherst has not shared or agreed to share any of its compensation from the Debtors or any other person, other than as permitted under section 504 of the Bankruptcy Code. No promises have been received by Amherst as to compensation in connection with these chapter 11 cases, other than as outlined in the Engagement Letter. 5

6 Pg 6 of Given the numerous issues that the Amherst professionals may be required to address in the performance of their services, Amherst s commitment to the variable level of time and effort necessary to address all such issues as they arise, and the market prices for such services for engagements of this nature in an out-of-court context, as well as in chapter 11, the Debtors submit that the fee arrangements set forth herein are reasonable under the standards set forth in section 328(a) of the Bankruptcy Code. Indemnification Provisions 22. As part of the overall compensation payable to Amherst under the terms of the Engagement Letter, the Debtors have agreed to certain indemnification provisions described in the Engagement Letter (the Indemnification Provisions ). As more specifically provided in the Engagement Letter, the Indemnification Provisions provide that the Debtors will indemnify and hold harmless Amherst and its affiliates, members, directors, agents, employees, and each other person controlling Amherst or any of its affiliates (collectively, the Indemnified Parties ) from and against any and all losses, claims, damages, liabilities, and expenses (including reasonable counsel fees and expenses) to which any of them may become subject arising in any manner by reason of or in any way related to the engagement, except for matters judicially determined to have arisen in any manner out of an Indemnified Party s bad faith, willful misconduct or gross negligence in performing the services that are the subject of the Engagement Letter. 23. The terms of the Engagement Letter, including the Indemnification Provisions, were fully negotiated between the Debtors and Amherst at arm s length, and the Debtors respectfully submit that the Indemnification Provisions are customary, reasonable and in the best interests of the Debtors, its estates and creditors. Accordingly, as part of this Application, the Debtors request that this Court approve the Indemnification Provisions. 6

7 Pg 7 of 43 No Duplication of Services 24. This Court has authorized the retention of (a) DLA Piper LLP (US), as general restructuring counsel; (b) Armstrong Teasdale LLP, as local counsel; and (c) Prime Clerk LLC, as claims agent. The Debtors are very mindful of the need to avoid duplication of services and appropriate procedures will be implemented to ensure that there is minimal duplication of effort as a result of Amherst s retention as financial advisor. The Debtors understand that Amherst will use its reasonable efforts to work cooperatively with the Debtors other professionals to integrate any respective work performed by those professionals on behalf of the Debtors. Amherst s Disinterestedness 25. To the best of the Debtors knowledge as of the date hereof, and except to the extent disclosed herein or in the Morden Declaration, Amherst: (a) is a disinterested person within the meaning of section 101(14) of the Bankruptcy Code; (b) does not hold or represent an interest materially adverse to the Debtors estates, their creditors, and shareholders for the matters for which Amherst is to be employed; and (c) has no connection to the Debtors, their creditors, shareholders, or related parties, except as disclosed in the Morden Declaration. 26. The Debtors knowledge, information, and belief regarding certain matters set forth in this Application regarding Amherst s disinterestedness are based on, and are made in reliance upon, the Morden Declaration. To the extent that Amherst discovers any additional facts bearing in a material respect on its disinterestedness during the period of Amherst s retention in connection with these chapter 11 cases, Amherst will supplement the Morden Declaration. 7

8 Pg 8 of 43 BASIS FOR RELIEF I. The Debtors Should Be Permitted to Retain and Employ Amherst on the Terms of the Engagement Letter Pursuant to Sections 327 and 328 of the Bankruptcy Code. 27. The Debtors submit that the retention of Amherst under the terms described herein is appropriate under sections 327(a), 328, and 1107(b) of the Bankruptcy Code. Section 327(a) of the Bankruptcy Code empowers a debtor, with the Court s approval, to employ professionals that do not hold or represent an interest adverse to the estate, and that are disinterested persons, to represent or assist the trustee in carrying out the [debtor s] duties under this title. 11 U.S.C. 327(a). Section 101(14) of the Bankruptcy Code defines a disinterested person as a person that: (a) (b) (c) is not a creditor, an equity security holder, or an insider; is not and was not, within 2 years before the date of the filing of the petition, a director, officer, or employee of the debtor; and does not have an interest materially adverse to the interest of the estate or of any class of creditors or equity security holders, by reason of any direct or indirect relationship to, connection with, or interest in, the debtor, or for any other reason. 11 U.S.C. 101(14). 28. Section 328(a) of the Bankruptcy Code authorizes the employment of a professional person on any reasonable terms and conditions of employment, including on a retainer U.S.C. 328(a). The Debtors submit that the terms and conditions of Amherst s retention as described herein, including the proposed compensation terms, are reasonable and in keeping with the terms and conditions typical for engagements of this size and character. The Debtors further submit that substantial assistance with the reorganization process 8

9 Pg 9 of 43 will be needed, and therefore it is reasonable for the Debtors to seek to employ and retain Amherst to serve as its financial advisor on the terms and conditions set forth herein. 29. Pursuant to the Debtors request, Amherst has served as its financial advisor since July 6, 2016 or shortly thereafter with assurances that the Debtors would seek approval of its employment and retention, effective July 6, 2016, so that Amherst may be compensated for its pre-application services. The Debtors believe that no party in interest will be prejudiced by the granting of the employment effective July 6, 2016, as provided herein, because Amherst has provided and continues to provide valuable services to the Debtors estates since July 6, II. The Indemnification and Contribution Terms of the Engagement Letter are Appropriate. 30. The Indemnification Provisions were fully negotiated between the Debtors and Amherst. The Debtors and Amherst believe that the Indemnification Provisions are customary and reasonable for financial advisory engagements both out of court and in chapter 11 cases. See, e.g., Noranda Aluminum, Inc., et al., No (Bankr. E.D. Mo. March 17, 2016); In re Arch Coal, Inc., et al., No (Bankr. E.D. Mo. Feb. 9, 2016); In re Eagle Bulk Shipping Inc., No (SHL) (Bankr. S.D.N.Y. Sept. 19, 2014); In re MPM Silicones, LLC, No (RDD) (Bankr. S.D.N.Y. Apr. 28, 2014); In re Sbarro LLC, No (MG) (Bankr. S.D.N.Y. Apr. 7, 2014); In re AMR Corp., No (SHL) (Bankr. S.D.N.Y. Mar. 2, 2012); In re Residential Capital, LLC, No (MG) (Bankr. S.D.N.Y. July 26, 2012); In re General Maritime Corp., No (MG) (Bankr. S.D.N.Y. Dec. 15, 2011); In re Great Atlantic & Pacific Tea Co., No (RDD) (Bankr. S.D.N.Y. Jan. 13, 2011). Accordingly, the Debtors respectfully submit that the terms of the modified Indemnification Provisions are reasonable and customary and should be approved in these chapter 11 cases. 9

10 Pg 10 of 43 III. The Retention of Amherst Is Critical to the Debtors Reorganization Efforts. 31. The Debtors submit that the retention of Amherst is in the best interests of all parties in interest in these chapter 11 cases. Denial of the relief requested herein will deprive the Debtors of the assistance of a highly qualified, and professional essential to the successful conclusion of these cases. 32. Based on the foregoing, the Debtors submit that they have satisfied the requirements of the Bankruptcy Code, the Bankruptcy Rules, and the Local Bankruptcy Rules to support entry of an order authorizing the Debtors to retain and employ Amherst in these chapter 11 cases on the terms described herein and in the Engagement Letter. Notice 33. Consistent with the Order Establishing Certain Notice, Case Management and Administrative Procedures on April 22, 2016 [Docket No. 255], notice of this Motion has been given to: (i) the Office of the United States Trustee for the Eastern District of Missouri, (ii) counsel to the Committee, (iii) counsel for the DIP Lender, (iv) the Internal Revenue Service, (v) the United States Attorney s Office for the Eastern District of Missouri, and (vi) any party that has requested notice pursuant to Bankruptcy Rule The Debtors submit that no other or further notice need be given. [Remainder of page intentionally left blank] 10

11 Pg 11 of 43 WHEREFORE, the Debtors respectfully request that the Court grant the relief requested herein and such other and further relief as the Court deems just and proper. Dated: July 27, 2016 St. Louis, Missouri Respectfully submitted, ARMSTRONG TEASDALE LLP /s/ Richard W. Engel Richard W. Engel, Jr. #34641MO Susan K. Ehlers #49855MO Erin M. Edelman, #67374MO 7700 Forsyth Blvd., Suite 1800 St. Louis, Missouri Telephone: (314) Facsimile: (314) Local Counsel to the Debtors and Debtors in Possession -and- DLA PIPER LLP (US) Richard A. Chesley # IL (admitted pro hac vice) 203 North LaSalle Street, Suite 1900 Chicago, Illinois Telephone: (312) Facsimile: (312) R. Craig Martin #005032DE (admitted pro hac vice) 1201 North Market Street, Suite 2100 Wilmington, Delaware Telephone: (302) Facsimile: (302) Counsel to the Debtors and Debtors in Possession 11

12 Pg 12 of 43 EXHIBIT A Engagement Letter

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17 Pg 17 of 43 EXHIBIT B Morden Declaration

18 Pg 18 of 43 UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF MISSOURI EASTERN DIVISION In re: ABENGOA BIOENERGY US HOLDING, LLC, et al., Debtors. Chapter 11 Case No (Joint Administration Requested) DECLARATION OF JAMES MORDEN IN SUPPORT OF DEBTORS APPLICATION FOR ENTRY OF AN ORDER AUTHORIZING AND APPROVING THE EMPLOYMENT AND RETENTION OF AMHERST CONSULTING, LLC AS FINANCIAL ADVISOR EFFECTIVE JULY 6, 2016 I, James Morden, being duly sworn, depose and say: 1. I am a Managing Director of Amherst Consulting, LLC ( Amherst ), a professional services firm engaged in the business of providing investment banking, financial advisory, and related professional consulting services located at 255 East Brown Street, Suite 120, Birmingham, MI I was previously employed by Alvarez & Marsal North America, LLC and was a member of the team providing services to the Debtors and their affiliates, including in these chapter 11 cases. 3. I am duly authorized to submit this Declaration on behalf of Amherst in support of the Debtors Application for Entry of an Order Authorizing and Approving the Employment and Retention of Amherst Consulting, LLC as Financial Advisor Effective July 6, 2016 (the Application ). 1 I have personal knowledge of the matters set forth herein. If called as a witness, would testify competently thereto. 1 Capitalized terms used but not defined herein have the meanings ascribed to them in the Application or the Engagement Letter. 1

19 Pg 19 of 43 Amherst s Qualifications 4. Amherst has extensive experience and an excellent reputation in providing high quality financial advisory services to debtors in chapter 11 cases and other restructurings. 5. Headquartered in Birmingham, Michigan, Amherst was founded in 1994 and is one of the Midwest s most reputable boutique advisory firms. Amherst has expertise in a wide range of industries, and has been engaged in numerous types of restructurings, mergers and acquisitions, and other financial transactions. Amherst specializes in assisting financially troubled companies in both in-court and out-of-court matters. Amherst is an experienced bankruptcy and restructuring advisor to debtors and other parties of interest in both domestic and cross-border cases. 6. Amherst s business reorganization professionals have served as financial advisor and investment banker in numerous cases, including, among others: In re Innatech, LLC (E.D. Mich.); In re Premarc Corp. (E.D. Mich.); In re US Fidelis, Inc. (E.D. Mo.); In-re-Jacobs- Industries, Inc. (E.D. Mich.); In re Vincent Industrial Plastics, Inc. (W.D. Ky.); In re Sidler, Inc. (E.D. Mich.); In re Waste Reduction, Inc. (E.D. Mich.); In re Trans Industries, Inc. (E.D. Mich.); In re PCS Financial Corp. (N.D. Ill.); In re Executone of Michigan, Inc. (E.D. Mich.); In re Computerized Facilities Integration, Inc. (E.D. Mich.); First Independence Capital., Inc. (E.D. Mich.); In re Bernadette Business Forms, Inc. (E.D. Mo.). 7. Amherst is highly qualified to provide the cash flow forecasting, DIP budget support, and general financial and managerial support that may be required by the Debtor. I have 15 years of turnaround and restructuring experience. The majority of the services provided will be rendered by me, with oversight from Partner Sheldon Stone, who has 23 years of turnaround and restructuring experience. Accordingly, Amherst possesses the requisite expertise and background to handle matters that are likely to arise in these cases. 2

20 Pg 20 of 43 Services to be Provided 8. Subject to further order of the Court, and as set forth in the Engagement Letter attached as Exhibit A to the Application, in consideration for the compensation contemplated therein, Amherst will render financial advisory services to the Debtors, including: a. Production of rolling 13-week cash flow forecasts and cash variance reports; b. Updates to DIP loan budgets; and c. Other services as defined by the Debtors and agreed to by Amherst in writing. Amherst s Disinterestedness 9. The Debtors have numerous unsecured and secured creditors and, from time to time, Amherst may have represented certain of those creditors in completely unrelated matters. Amherst maintains records of all of its clients and the matters on which it represents those clients. I have caused an examination of these records to be made to determine which, if any, of the Debtors, affiliates of the Debtors, largest unsecured creditors of the Debtors, officers and directors of the Debtors, and other potential parties-in-interest Amherst may have represented in the past or may be representing at the present time in unrelated matters. 10. Based upon information supplied by Debtors counsel, Amherst searched its records to identify any connection or relation with the following entities as provided to Amherst by Debtors counsel are set forth in Schedule 1 attached hereto and incorporated herein by reference. 11. Based upon the database search described above, known connections between former or recent clients of Amherst and the potential parties-in-interest were compiled for purposes of preparing this Declaration. Amherst has previously been engaged by Comerica Bank, General Electric Capital Corporation, and Wells Fargo Bank, NA in matters unrelated to 3

21 Pg 21 of 43 the Debtors or their chapter 11 cases. These prior engagements will not in any way affect the impartial and professional performance of the services to be provided by Amherst to the Debtors. 12. Other than the previous work performed on behalf of potential parties-in-interest in matters unrelated to the Debtors that are disclosed paragraph 11 of this Declaration, Amherst does not represent and has not represented any other entity having an adverse interest in connection with this case, and does not hold or represent an interest adverse to the interests of the estates with respect to the matter on which Amherst will be employed, in accordance with sections 328 and 1103 of the Bankruptcy Code. 13. Amherst is a disinterested person as that term is defined in 101(14) of the Bankruptcy Code, given that, to the best of my information and belief, Amherst: a. is not a creditor, an equity security holder, or an insider of the Debtors; b. is not and was not, within two (2) years before the commencement of this chapter 11 case, a director, officer or employee of the Debtors; and c. does not have an interest materially adverse to the interests of the estates or of any class of creditors or equity security holders, by reason of any direct or indirect relationship to, connection with, or interest in, the Debtors or for any other reason. 14. To the best of my knowledge, Amherst professionals working on this matter are not relatives of the United States Trustee of the Eastern District of Missouri or of any known employee in the office thereof, or any United States Bankruptcy Judge of the Eastern District of Missouri. 15. Amherst has in the past been retained by, and presently and likely in the future will provide services for, certain creditors of the Debtors, other parties-in-interest, and their respective attorneys and accountants in matters unrelated to such parties claims against the Debtors or interests in these chapter 11 cases. 4

22 Pg 22 of As part of its practice, Amherst appears in many cases, proceedings, and transactions involving many different law firms, financial consultants, and financial advisors in matters unrelated to this bankruptcy. Amherst has not identified any material relationships or connections with any law firm, financial consultant or financial advisor involved in these chapter 11 cases that would cause it to be adverse to the Debtors, the Debtors estates, any creditor or any other party-in-interest, or that would otherwise affect Amherst's judgment or ability to perform services for the Debtors. Professional Compensation 17. In accordance with the terms of the Engagement Letter, Amherst will be paid by the Debtors for the services of the Amherst professionals at their customary hourly billing rates, which are as follows: Partner $450 Managing Director $400 Associate $ Such rates and ranges shall be subject to adjustment annually at such time as Amherst adjusts its rates generally. 19. In addition, Amherst will be reimbursed for the reasonable out-of-pocket expenses of the Amherst professionals incurred in connection with this assignment, such as travel, lodging, third party duplications, messenger and telephone charges. 20. The Debtors will provide Amherst with a retainer in the amount of $50,000 which shall be credited against any amounts due at the termination of this engagement and returned upon the satisfaction of all obligations hereunder. 21. Amherst will apply to the Court for allowance of compensation and reimbursement of expenses for its financial advisory services in accordance with the applicable 5

23 Pg 23 of 43 provisions of the Bankruptcy Code, the Bankruptcy Rules, corresponding Local Rules, orders of this Court and guidelines established by the U.S. Trustee. 22. Amherst has not shared or agreed to share any of its compensation from the Debtors or any other person, other than as permitted under section 504 of the Bankruptcy Code. No promises have been received by Amherst as to compensation in connection with these chapter 11 cases, other than as outlined in the Engagement Letter. No Duplication of Services 23. Amherst is aware that Court has authorized the retention of (a) DLA Piper LLP (US), as general restructuring counsel; (b) Armstrong Teasdale LLP, as local counsel; and (c) Prime Clerk LLC, as claims agent. Amherst will use its reasonable efforts to work cooperatively with the Debtors other professionals to integrate any respective work performed by those professionals on behalf of the Debtors. Indemnification Provisions 24. Amherst and the other Indemnified Parties will be indemnified against any and all losses, claims, damages, liabilities, and expenses (including reasonable counsel fees and expenses) to which any of them may become subject arising in any manner by reason of or in any way related to the engagement, except for matters judicially determined to have arisen in any manner out of an Indemnified Party s bad faith, willful misconduct or gross negligence in performing the services that are the subject of the Engagement Letter. 25. The terms of the Engagement Letter, including the Indemnification Provisions, were fully negotiated between the Debtors and Amherst at arm s length, and I believe that the Indemnification Provisions are customary and reasonable. 6

24 Pg 24 of 43 I declare under the penalty of perjury that the forgoing is true and correct to the best of my knowledge. By: /s/ James Morden James Morden Managing Director Amherst Consulting, LLC 7

25 Schedule Pg 25 of 1 43 Potential Parties in Interest 1 The Debtors Abengoa Bioenergy Company, LLC Abengoa Bioenergy Engineering & Construction, LLC Abengoa Bioenergy of Nebraska, LLC Abengoa Bioenergy Outsourcing, LLC Abengoa Bioenergy Trading US, LLC Abengoa Bioenergy US Holding, LLC Abengoa Bioenergy Maple, LLC Abengoa Bioenergy Operations, LLC Abengoa Bioenergy Funding, LLC Abengoa Bioenergy of Indiana, LLC Abengoa Bioenergy of Illinois, LLC Abengoa Bioenergy Meramec Renewable, LLC Former Names/Aliases of Debtors Abengoa Bioenergy Corporation Abengoa Bioenergy US Holding, Inc. High Plains Corporation Nordic Biofuels of Ravenna, L.L.C. Current/Former Affiliated Entities A3T Holdco España, SA AB Bioenergy France, SA AB Bioenergy Hannover, GmbH Abacus Management LLC Abacus Project Management Inc. Abacus Project Management of Arizona, LLC Abacus Project Management, Inc. ABC Issuing Company, Inc. Abeanza Brasil, SA Abecom, SA Abeima Agua Internacional, S.L. Abeima India Private Ltd. Abeima LLC Abeima Teyma Barka LLC Abeima Teyma Infrastructure Ghana Ltd. Abeima Teyma Zapotillo, S.R.L. de CV Abeima USA Inc. Abeima USA, LLC Abeinsa Abeinsa Abeima Teyma General Partnership Abeinsa Abener Teyma General Partnership Abeinsa Asset Management, S.L. Abeinsa BD Asia Pacific Pte. Ltd. Abeinsa Brasil Projetos e Construcoes Ltda Abeinsa Business Development Abeinsa Business Development (Pty) Ltd. Abeinsa Business Development Alemania Abeinsa Business Development Beijing Abeinsa Business Development Corp. Abeinsa Business Development GmbH Abeinsa Business Development Inc. Abeinsa Business Development Korea Abeinsa Business Development LLC Abeinsa Business Development Ltd. Abeinsa Business Development México, SA de CV Abeinsa Business Development Private Ltd. Abeinsa Business Development Pty Ltd. Abeinsa Business Development Representaçoes, Eneigía e Água, Ltda Abeinsa Business Development S.a.R.L./A.U Abeinsa Business Development SAC Abeinsa Business Development Sociedad Anonima Abeinsa Business Development SpA Abeinsa Business Development Sudafrica Abeinsa Business Development, LLC Abeinsa Business Development, Ltd. Abeinsa Business Development, Pty. Ltd. Abeinsa Business Development, SA Abeinsa Business Development, Sp.z.o.o. Abeinsa Business Development, Spa. Abeinsa Engineering Inc. Abeinsa Engineering Private Limited Abeinsa Engineering Private Ltd. Abeinsa Engineering SA de CV Abeinsa Engineering, Inc. Abeinsa Engineering, S.L. Abeinsa EPC Inc. Abeinsa EPC Kaxu Pty Ltd. Abeinsa EPC Khi Pty Ltd. Abeinsa EPC LLC Abeinsa EPC México, SA de CV Abeinsa EPC Mojave Tab Field Abeinsa EPC South Africa Pty Ltd. 1 The inclusion of any person or entity in this Schedule 1 shall not be deemed to be an admission as to the validity or priority of any claim, lien, or security interest that may be asserted by any such person or entity.

26 Pg 26 of 43 Abeinsa EPC Xina Pty Ltd. Abeinsa EPC, SA Abeinsa Holding Inc. Abeinsa Inc. Abeinsa Infraestructuras Medio Ambiente SA y Teyma Gestion de Contratos de Construccion e Ingenieria SA Ute Nungua Ley 1 Abeinsa Infraestructuras Medioambientes, SA Abeinsa Infraestructuras y Medio Ambiente SA Construcciones y Depuraciones SA Ute Mantenimiento Val de Infierno Ley Abeinsa Ingenieria Construccion Industrial SA Abeinsa Inversiones Latam, S.L. Abeinsa Is Gelistirme Limited Sirketi Abeinsa Is Grelistirme Ltd. STI Abeinsa Ltd. Sirketi Abeinsa Monterrey VI, SA de CV Abeinsa Norte II SA de CV Abeinsa Norte III, SA de CV Abeinsa Operation and Maintenance, SA Abeinsa, Ingeniería y Construcción Industrial, SA Abeinsa, LLC Abelec, SA Abema Ltda Abenasa Transmissao de Energia, Ltda (ATE II) Abenasa Transmissao de Energia, Ltda (ATE) Abencor Brasil Ltda Abencor Colombia SAS Abencor México, SA de CV Abencor Perú, SA Abencor South Africa Pty Ltd. Abencor Subestaciones, SA de CV Abencor Suministros Chile, SA Abencor Suministros, SA Abencor USA, LLC Abencs Investments, LLC Abener Abeinsa Power and Water Construction Saudi Ltd. Abener Argelia, S.L. Abener Construction Services, LLC Abener Construction Services, LLC Abener El Sauz, SA de CV (Aelsa) Abener Energia Ltda Brasil Abener Energia SA Abener Energia SA Abengoa Solar España O&M Ute Abener Energia SA Instalaciones Inabensa SA Ute Alemania Ley Abener Energia SA Instalaciones Inabensa SA Ute Ley Abener Energia SA Instalaciones Inabensa SA Ute Nuevo Pemex Tabasco Ley Abener Energia SA Instalaciones Inabensa SA Ute Paises Bajos Ley Abener Energia SA Solucar Solar SA Ute Abener Hassi R'mel Ley Abener Energia SA Teyma Gestion De Contratos De Construccion E Ingenieria SA Helioenergy Ecija Abener Energia SA y Ghenova Ingenieria SL Ute Dead Sea Ley Abener Energia SA y Teyma Gestion De Contratos De Construccion e Ingenieria SA Ute Abener Teyma Upington Ley Abener Energia SA y Teyma Gestion De Contratos De Construccion e Ingenieria SA Ute Pailputs Ley Abener Energia, SA Abener Energie, SAR.L. Abener Engineering and Construction Services, LLC Abener Ghenova Engineering Private Ltd. Abener Ghenova Engineering, Inc. Abener Ghenova Ingenieria De Mexico SA de SV Abener Ghenova Ingenieria, S.L. Abener Inversiones, S.L. Abener México SA de CV Abener North America Construction Services LP Abener North America Construction Services, Inc. Abener North America Construction, LP Abener Teyma Hugoton General Partnership Abener Teyma Inabensa Mount Signal Joint Venture 2

27 Pg 27 of 43 Abener Teyma Mojave General Partnership Abener Teyma Mount Signal Joint Venture Abener Teyma Termocolón II, SA Abener, Abeinsa, Power and Water Construction Saudi Limited Abengoa Africa Investments Ltd. Abengoa Australia Pty. Ltd. Abengoa Bioenergia Agricola Ltda Abengoa Bioenergia Agroindustria Trading US Inc. Abengoa Bioenergía Agroindustria, Ltda Abengoa Bioenergía Biodiesel, SA Abengoa Bioenergia Biomasse France, SAS Abengoa Bioenergía Brasil, SA Abengoa Bioenergia Inovacoes Ltda Abengoa Bioenergía Inversiones, SA Abengoa Bioenergia Nuevas Tecnologias SA Abengoa Bioenergia Outsourcing LLC Abengoa Bioenergia SA Abengoa Bioenergia San Roque, SA Abengoa Bioenergía Santa Fe, Ltda Abengoa Bioenergia Sao Joao Ltda Abengoa Bioenergia Sao Luiz SA Abengoa Bioenergia Trading Brasil, Ltda Abengoa Bioenergía, SA Abengoa Bioenergy Abengoa Bioenergy Biomass Funding, LLC Abengoa Bioenergy Biomass of Kansas, LLC Abengoa Bioenergy Biomasse France Abengoa Bioenergy Developments, LLC Abengoa Bioenergy France, SA Abengoa Bioenergy Germany, GmbH Abengoa Bioenergy Holdco, Inc. Abengoa Bioenergy Hybrid of Kansas, LLC Abengoa Bioenergy Inc. Abengoa Bioenergy Investments, LLC Abengoa Bioenergy Meramec Holding, Inc. Abengoa Bioenergy Meramec Renewable, Inc. Abengoa Bioenergy Netherlands, B.V. Abengoa Bioenergy New Technologies, Inc. Abengoa Bioenergy New Technologies, LLC Abengoa Bioenergy of SW Kansas, LLC Abengoa Bioenergy of Texas, LLC Abengoa Bioenergy R&D, Inc. Abengoa Bioenergy Renewable Power US LLC Abengoa Bioenergy Technology Holding, LLC Abengoa Bioenergy Trading Europe, B.V. Abengoa Bioenergy UK, Ltd. Abengoa Biotechnology LLC Abengoa Biotechnology Research, SA Abengoa Biotechnology, LLC Abengoa Brasil Administracao Predial Ltda Abengoa Brasil Fornecimento SA Abengoa Brasil Logística, Ltda Abengoa Brasil Proyectos e Construcoes, Ltda Abengoa Brasil, Ltda Abengoa Chile, SA Abengoa Cogeneraçao de Energía II, SA Abengoa Cogeneraçao de Energía, SA Abengoa Cogeneración Tabasco, S. de R.L. de CV Abengoa Colombia, SAS. Abengoa Comer. Y Administraçao, SA (Abencasa) Abengoa Concessions Infrastructure, S.L. Abengoa Concessions Investments Ltd. Abengoa Concessions Investments SARL Abengoa Concessions Perú, SA Abengoa Concessions, S.L. Abengoa Concessões Brasil Holding, SA Abengoa Construçao Brasil, Ltda Abengoa Construccion Norte Abengoa Desalination Pilot Plants, Ltd. Abengoa Energy Crops Biomass USA, LLC Abengoa Energy Crops Biomassa, SA Abengoa Energy Crops Pellet 1 USA, LLC Abengoa Energy Crops SA Abengoa Energy Crops Uruguay SA Abengoa Energy Crops USA, LLC Abengoa Energy Crops, SA Abengoa Energy Trading Chile, SpA Abengoa Finance, SA Abengoa Greenbridge Sociedad Anonima Abengoa Greenbridge, SAU. Abengoa Greenfield Brasil Holding, SA 3

28 Pg 28 of 43 Abengoa Greenfield España, S.L. Abengoa Greenfield Perú, SA Abengoa Greenfield PLC Abengoa Greenfield SA Abengoa Greenfield SAU. Abengoa Hellas Solar Power Systems Ltd Liabilities Co. Abengoa Hellas Solar, Ltd. Abengoa Hidrógeno, SA Abengoa Linhas do Brasil Holding, SA Abengoa México O&M, SA de CV Abengoa México, SA de CV Abengoa Perú, SA Abengoa Puerto Rico, S.E. Abengoa PW I Investments SL Abengoa Research, Corp. Abengoa Research, S.L. Abengoa SeaPower, SA Abengoa Servicios Industriales, SA de CV Abengoa Servicios, SA De CV Abengoa Solar Abengoa Solar Asia Holding SA Abengoa Solar Australia Pty Ltd. Abengoa Solar Beijing Abengoa Solar Brasil Desenvolvimentos Solares Ltda Abengoa Solar Chile, SA Abengoa Solar Chile, SpA Abengoa Solar Engeneering Beijing Co. Ltd. Abengoa Solar España, SA Abengoa Solar Extremadura, SA Abengoa Solar GmbH Abengoa Solar Hellas Ltd. Abengoa Solar Holdings Inc. Abengoa Solar Holdings USA Inc. Abengoa Solar Inc. Abengoa Solar India Private Ltd. Abengoa Solar Industrial Systems, LLC Abengoa Solar Internacional, SA Abengoa Solar Italia, S.R.L. Abengoa Solar Japan K.K. Abengoa Solar Mexico SA de CV Abengoa Solar New Technologies, SA Abengoa Solar NT Abengoa Solar Operations LLC Abengoa Solar Power Australia Pty Ltd. Abengoa Solar Power DMCC, LLC Abengoa Solar Power South Africa Pty Ltd. Abengoa Solar Power, SA Abengoa Solar PV Abengoa Solar PV Inc. Abengoa Solar PV LLC Abengoa Solar Research, SA Abengoa Solar South Africa Pty Ltd. Abengoa Solar US Holdings, Inc. Abengoa Solar Ventures SA Abengoa Solar, LLC Abengoa Solar, SA Abengoa SP Holdings, LLC Abengoa T & D Inc. Abengoa T&D Corp Inc. Abengoa Transmisión Norte, SA Abengoa Transmisión Sur, SA Abengoa Transmission & Infrastructure ULC Abengoa Transmission & Infrastructure, LLC Abengoa Transmission Holdings, LLC Abengoa Transmission Norte Abengoa US Holding, LLC Abengoa US Holding, LLC Abengoa US Operations, LLC Abengoa US Operations, LLC Abengoa US, LLC Abengoa US, LLC Abengoa Vista Ridge, LLC Abengoa Water Agadir SL Abengoa Water Agadir, S.L.U. Abengoa Water Beijing Co., Ltd Abengoa Water Chile Ltd. Abengoa Water Dalian SL Abengoa Water Dalian, S.L.U. Abengoa Water Holding USA, Inc. Abengoa Water Hong Kong Co. Ltd. Abengoa Water Internacional SL Abengoa Water Internacional, S.L.U. Abengoa Water Investments Ghana, BV Abengoa Water Investments Takoradi, Bv Abengoa Water Nungua SL Abengoa Water Nungua, S.L.U. Abengoa Water SLU 4

29 Pg 29 of 43 Abengoa Water Taiwan Sociedad Ltd. Abengoa Water Taiwan, S.L.U. Abengoa Water Takoradi SL Abengoa Water Takoradi, S.L.U. Abengoa Water USA, LLC Abengoa Water, S.L. Abengoa Yield PLC Abengoa Yield SARL Abengoa, SA Abengoa, SA-Fls miljo a/s, UTE Abensur Servicios Urbanos SA Empresa Gestion Medioambiental SA Ute Rsu Guadalajara Ley Abensur Servicios Urbanos SA Ondeo Degremont SA Ute Ley Atabal Abensur Trading Company, SA Abent 3T S de R L de CV Abent 3T, SAP.I. de CV Abenta Concessões Brasil, SA Abenta Construçao Brasil, Ltda Abentel Telecomunicaciones, SA Abentey Gerenciamiento de Projectos de Engenharia e Construçao, Ltda Abentey Hugoton General Partnership Abentey Mojave General Partnerships Abentey SA Abiensa LLC Aboadze Desalination Developments Ltd. Abratey Construção, Ltda ABTO Boaco ABY Servicios Corporativos SL ACC 4T, SAP.I. de CV Ace Abengoa Cogeracao de Energia SA ACE II - Abengoa Cogeraçāo de Energia SA Acoleq Quimicos S.L. ACT Holdings, SA de CV Advanced Feedstocks of Kansas, LLC AEC Biomass USA LLC Aguas de Skikda, S.P.A. Alantia Ltd. Alianza Medioambiental, S.L. (AMA) Almendralejo Aluminios en Discos, SA Aparcamiento L'ordana APCA LOTE1 INAB ABEN APCA LOTE2 INAB ABENG Aprovechamientos Energéticos Furesa, SA Arao Enerxías Eólica, S.L. Arce Sistemas, SA Arizona Solar One, LLC ASA Bioenergy Holding AG ASA Bioenergy of Nebraska LLC ASA Desulfuracion Sociedad Anonima Asa Desulfuración, SA Asa E.& E.H., AG ASA Environment & Energy Holding AG ASA Iberoamerica SL ASA Inmobiliaria Chile SA Asa Investment AG Asa Investment AG, ZUG ASA Investment Brasil Ltda Aser Recuperación del Zinc, S.L. ASI Operations LLC ASO Holdings Company, LLC ASO Holdings LLC ATE II Transmissora de Energia SA ATE III Transmissora de Energia SA ATE IV Sao Mateus Transmissora de Energia SA ATE Transmissora de Energia SA ATE V Londrina Transmissora de Energia SA ATE VI Campos Novos Transmissora de Energia SA ATE VI Campos Novos Transmissora de Energía, SA ATE VII- Foz do Iguacú Transmissora de Energía, SA ATE V-Londrina Transmissora de Energia SA ATE X Abengoa Brasil Administracao Predial Ltda ATE XI Manaus Transmissora de Energia ATE XIII, Norte Brasil Transmissora de Energía SA ATE XIX Transmissora de Energia SA ATE XV Transmissora de Energia SA ATE XVI Transmissora de Energia SA ATE XVII Transmissora de Energia SA ATE XVIII Transmissora de Energia SA ATE XX Transmissora de Energia SA ATE XXI Transmissora de Energia SA 5

30 Pg 30 of 43 ATE XXII Transmissora de Energia SA ATE XXIII Transmissora de Energia SA ATE XXIV Transmissora de Energia, SA ATE XXVI Transmissora de Energia SA ATE XXVII Transmissora de Energia, SA ATN 1, SA ATN 2, SA ATN 3, SA ATN SA Aurorex, SA Aznalcóllar Solar, SA Baja California DOS 229 Balofix, SA Bargoa, SA Befesa Agua Internacional SL Befesa Agua SA Abener Energia SA Ute Corte Pallas Ley Befesa Agua SA Construcciones y Depuraciones Codes Befesa Agua SA Construcciones y Depuraciones SA Marismas Construccion Ute Ley Befesa Agua SA Excavaciones Cayba SA Ute El Cerrillo Los Villares Ley Befesa Agua SA Excavaciones y Construcciones Benjumea SA Ute Ley Befesa Agua SA Telvent Environment SA Ute Abensaih Guadalquivir Ley Befesa Agua SAU Moix Serveis I Obres SL Ute Reus Ley Befesa Agua Tenes S.L. Befesa Alcasa Befesa Aluminio Bilbao, S.L. Befesa Aluminio Valladolid, SA Befesa Apa, S.R.L Befesa Argentina, SA Befesa Brazil, SA Befesa Chile Gestión Ambiental Limitada Befesa Construccion y Tecnologia Ambiental SA Benito Arno E Hijos SA Ute Captacio Segria Sud Ley Befesa Construccion y Tecnologia Ambiental SA Benito Arno E Hijos SL Ute Regadio Guiamets Ley Befesa Construccion y Tecnologia Ambiental SA Construcciones Alpi SA Ute Riego Marismas Ley Befesa Construccion y Tecnologia Ambiental SA Construcciones Sanchez Dominguez Sando SA Ute Etap El Conquero Ley Befesa Construccion y Tecnologia Ambiental SA Construcciones y Depuraciones SA Ute Befesa Codesa Retortillo Ley Befesa Construccion y Tecnologia Ambiental SA Construcciones y Depuraciones SA Ute Colector Puerto de Huelva Ley Befesa Construccion y Tecnologia Ambiental SA Construcciones y Depuraciones SA Ute Minicentrales Ley Befesa CTA Qingdao, S.L.U Befesa CTA Quingdao S.L. Befesa Desalination Developments Ghana Limited Befesa Desalination Developments Ltd. Befesa Desulfuración, SA Befesa Duisburg Befesa Escoria Salínas, SA Befesa Freiburg Befesa Gestión de PCB, SA Befesa Gestión de Residuos Ind. Portugal, S.L. Befesa Gestión de Residuos Industriales, S.L. Befesa Infraestructure India, Pvt. Ltd. Befesa Limpiezas Industriales México, SA de CV Befesa Medio Ambiente, SA Befesa México, SA de CV Befesa Perú, SA Befesa Plasticos, S.L. Befesa Salt Slag Ltd. Befesa Scandust Befesa Servicios Corporativos, SA Befesa Steel R&D Befesa Steel Services Befesa Valera 6

31 Pg 31 of 43 Befesa Waterbuild Befesa Wofe Befesa Zinc Amorebieta, SA Befesa Zinc Aser, SA Befesa Zinc Comercial, SA Befesa Zinc S.L. Befesa Zinc Sondika, SA Befesa Zinc Sur, S.L. Beijing Abeinsa Management Consulting Co., Ltd. Beijing Blue Shield High & New Tech. Co. Lt. BF Tiver, S.L. Biocarburantes de Castilla y León, SA Bioeléctrica Jiennense, SA Bioener Energia, SA Bioetanol Galicia, SA Borgu, SA C.D. Puerto San Carlos, SA de CV Cadonal, SA Captacion Solar Sociedad Anonima Captacion Solar, SA Captasol Foltovoltaica 1, S.L. Captasol Foltovoltaica 10 S.L. Captasol Foltovoltaica 11, S.L. Captasol Foltovoltaica 12, S.L. Captasol Foltovoltaica 13, S.L. Captasol Foltovoltaica 14, S.L. Captasol Foltovoltaica 15, S.L. Captasol Foltovoltaica 16, S.L. Captasol Foltovoltaica 17, S.L. Captasol Foltovoltaica 18, S.L. Captasol Foltovoltaica 19, S.L. Captasol Foltovoltaica 2, S.L. Captasol Foltovoltaica 3, S.L. Captasol Foltovoltaica 4, S.L. Captasol Foltovoltaica 5, S.L. Captasol Foltovoltaica 6, S.L. Captasol Foltovoltaica 7, S.L. Captasol Foltovoltaica 8 S.L. Captasol Foltovoltaica 9, S.L. Captasol Fotovoltaica 1, S.L. Captasol Fotovoltaica 10, S.L. Captasol Fotovoltaica 11, S.L. Captasol Fotovoltaica 12, S.L. Captasol Fotovoltaica 13, S.L. Captasol Fotovoltaica 14, S.L. Captasol Fotovoltaica 15, S.L. Captasol Fotovoltaica 16, S.L. Captasol Fotovoltaica 17, S.L. Captasol Fotovoltaica 18, S.L. Captasol Fotovoltaica 19, S.L. Captasol Fotovoltaica 2, S.L. Captasol Fotovoltaica 20, S.L. Captasol Fotovoltaica 21, S.L. Captasol Fotovoltaica 22, S.L. Captasol Fotovoltaica 23, S.L. Captasol Fotovoltaica 24, S.L. Captasol Fotovoltaica 25, S.L. Captasol Fotovoltaica 26, S.L. Captasol Fotovoltaica 27, S.L. Captasol Fotovoltaica 28, S.L. Captasol Fotovoltaica 29, S.L. Captasol Fotovoltaica 3, S.L. Captasol Fotovoltaica 30, S.L. Captasol Fotovoltaica 31, S.L. Captasol Fotovoltaica 32, S.L. Captasol Fotovoltaica 33, S.L. Captasol Fotovoltaica 34, S.L. Captasol Fotovoltaica 35, S.L. Captasol Fotovoltaica 36, S.L. Captasol Fotovoltaica 37, S.L. Captasol Fotovoltaica 38, S.L. Captasol Fotovoltaica 4, S.L. Captasol Fotovoltaica 5, S.L. Captasol Fotovoltaica 52 S.L. Captasol Fotovoltaica 6, S.L. Captasol Fotovoltaica 7, S.L. Captasol Fotovoltaica 8, S.L. Captasol Fotovoltaica 9, S.L. Captasol Fotovoltaica SL Captatión Solar, SA Carpio Solar Inversiones, SA Casaquemada Fotovoltaica, S.L. Caseta Technologies, Inc. Cd Puerto San Carlos SA de CV Cedisolar, SA Centinela Power Plant SAP.I. de CV Centro Industrial y Logistico Torrecuellar, SA Centro Morelos 264, SA de CV Centro Tecnologico Palmas Altas, SA 7

32 Pg 32 of 43 Cifuentes Coaben SA de CV Cogeneración Villaricos, SA Concecutex SA de CV Concesionaria del Acueducto el Zapotillo, SA de CV Consorcio Abengoa Colombia Consorcio Ambiental Del Plata Consorcio Telar Klitten Construcciones Metalicas Mexicanas, SA de CV (Comemsa) Construcciones y Depuraciones SA Construcciones y Depuraciones SA y Magetesan SL Union Temporal de Empresas Ley Construcciones y Depuraciones, SA Construtora Integração, Ltda Consultora de Servicios y Proyectos Centro Norte, SA de CV Contruc. Metélicas Mexicanas, SA de CV Copera Solar Huerta Dos, SA Copero Solar Huerta Cinco, SA Copero Solar Huerta Cuatro, SA Copero Solar Huerta Diez, SA Copero Solar Huerta Dos, SA Copero Solar Huerta Nueve, SA Copero Solar Huerta Ocho, SA Copero Solar Huerta Seis, SA Copero Solar Huerta Siete, SA Copero Solar Huerta Tres, SA Copero Solar Huerta Uno, SA Copero Solar, SA CSP Atacama Dos, SA CSP Atacama Inversiones Dos, SpA CSP Atacama Inversiones Uno, SpA Csp Atacama Uno SA Csp Equity Investment SARL Cycon Solar, LTD Cyconsolar Ltd. Dalian Xizhong Island Desalination Co., Ltd Denizli Water Treatment Ltd Sirketi Derivados de Pinturas, SA Desarrolladora de Energia Renovable SA PI de CV Desarrollas Eólicos El Hinojal, SA Development NEA, Ltd. Donsplav Écija Solar Inversiones, SA Ecoagricola, SA Ecocarburantes Españoles, SA El Vellón Energoprojekt-Gliwice, SA Energy & Environmental Constructions LLC Enernova Ayamonte, SA Enertey, SA Enicar Chile, SA Epartir SA Estaçāo Transmissora de Energia SA Etarey, SA Europa Desenvolvimentos Solares Ltda Europea de Construcciones Metálicas, SA (Eucomsa) European Tank Clean Company (ET2C) Evacuacion Valdecaballeros SL Expansión Transmissāo de Energia Eletrica SA Expansion Transmissāo Itumbiara Marimbondo SA Explotaciones Casa Quemada SA Explotaciones Varias, SA Extremadura Equity Investments SARL Faritel, SA Financiera Soteland, SA Finarpisa SA Fotovoltaica Expo Ute Fotovoltaica Solar Sevilla, SA Freener G LLC Galdán, SA Geida BeniSaf, S.L. Geida Skikda, S.L. GES Investment CV Gestión Integral de Recursos Humanos, SA Giomper, SA Girmex, SA de CV Global Engineering Services, LLC Guadalajara Harper Dry Lake Land Co. LLC Hassi R'mel O&M Helioenergy Electricidad Cinco, SA Helioenergy Electricidad Cuatro, SA Helioenergy Electricidad Dos, SA 8

33 Pg 33 of 43 Helioenergy Electricidad Once, SA Helioenergy Electricidad Trece, SA Helioenergy Electricidad Tres, SA Helioenergy Electricidad Uno, SA Helioenergy Electricidad Veinticuatro, SA Helioenergy Electricidad Veintidos, SA Helioenergy Electricidad Veintitres, SA Helioenergy Electricidad Veintiuno, SA Helios I Hyperion Energy Investments, S.L. Helios II Hyperion Energy Investments, S.L. Herreria La Mayor SA Hidro Abengoa, SA de CV Holding de Energía Eólica, SA Hynergreen Technologies, SA Hypesol Energy Holding SL Hypesol Energy Holding, S.L. IB Inabensa JV G15 IB Inabensa JV G24 IB Inabensa JV GR177 IB PGF Inaben JV GR159 Core Inabensa Bharat Private Ltd. Inabensa Electric and Electronic Equipment Manufacturing Tiajin Co. Ltda Inabensa Electrical (Tianjin) Co., Ltd. Inabensa Electrical Tiajin Co. Ltd. Inabensa Fotovoltaica, S.L. Inabensa France SAS Inabensa France, SA Inabensa LLC Inabensa Ltd. Inabensa Maroc SARL D'associe Unique Inabensa Maroc, SA Inabensa Maroc, SAR.L. Inabensa Portugal Redes de Comunicacoes E Construcao Industrial SA Inabensa Portugal, SA Inabensa Pty Ltd. Inabensa Rio, Ltda Inabensa Saudi Arabia LLC Inabensa Saudi Co. Ltd. Inabensa Ukraina El El SI OOO Inabensa Ukraine, LLC Inabensa USA, LLC Inabensa USA, LLC Inabensa, LLC Inapreu, SA Inciativas Hidroelécticas, SA Inciativas Medioambientales, SA Iniciativas Concertadas SA Iniciativas de Bienes Inmuebles SA Iniciativas de Bienes Rusticos SA Iniciativas Hidroeléctricas de Aragón y Cataluña, S.L. Iniciativas Hidroeléctricas, SA Insolation 1 Sr. 1. Insolation 17, S.R.L Insolation 18, S.R.L Insolation Sic 10, S.R.L Insolation Sic 11, S.R.L Insolation Sic 12, S.R.L Insolation Sic 13, S.R.L Insolation Sic 14, S.R.L Insolation Sic 15, S.R.L Insolation Sic 4 S.r.l. Insolation Sic 6, S.R.L Insolation Sic 9, S.R.L Insolation SRL Instalaciones Fotovoltaicas Torrecuéllar, 1 S.L. Instalaciones Fotovoltaicas Torrecuéllar, 2 S.L. Instalaciones Fotovoltaicas Torrecuéllar, 3 S.L. Instalaciones Hospital VQ Instalaciones Inabensa Contracting, LLC Instalaciones Inabensa Insaat Enerji Sanayi ve Tícaret Ltd Sirketi Instalaciones Inabensa Ltda Instalaciones Inabensa SA Instalaciones Inabensa SA Abencor Suministros SL Ute Chilca Montalvo Ley Instalaciones Inabensa SA Europea de Construcciones Metalicas SA Ute Inabensa Eucomsa Carhuamayo Carhuaquero Ley Instalaciones Inabensa SA Tecysu SL Ute Hospital Virgen Quinones Ley Instalaciones Inabensa SA y Abencor Suministros SA Ute Machupicchu Tintaya Ley