Common Contracts

SEVENTH SUPPLEMENTAL INDENTURE among TELEFÓNICA EMISIONES, S.A.U., as Issuer, TELEFÓNICA, S.A., as Guarantor and THE BANK OF NEW YORK MELLON, as Trustee and Paying Agent February 16, 2011 FIXED RATE SENIOR NOTES DUE 2021

Seventh Supplemental Indenture • February 16th, 2011 • Telefonica S A • Telephone communications (no radiotelephone) • New York

• Contract Type
  Seventh Supplemental Indenture
• Filed
  February 16th, 2011
• Company
  Telefonica S A
• Industry
  Telephone communications (no radiotelephone)
• Jurisdiction
  New York

THIS SEVENTH SUPPLEMENTAL INDENTURE, dated as of February 16, 2011, among Telefónica Emisiones, S.A.U., a sociedad anónima unipersonal incorporated under the laws of the Kingdom of Spain (the “Issuer”), Telefónica, S.A., a sociedad anónima incorporated under the laws of the Kingdom of Spain (the “Guarantor”), and The Bank of New York Mellon, a New York banking corporation, as trustee (the “Trustee”, which term includes any successor Trustee) and paying agent (the “Paying Agent”, which term includes any successor Paying Agent).

SEVENTH SUPPLEMENTAL INDENTURE among TELEFÓNICA EMISIONES, S.A.U., as Issuer, TELEFÓNICA, S.A., as Guarantor and THE BANK OF NEW YORK, as Trustee and Paying Agent July 2, 2007 FIXED RATE SENIOR NOTES DUE 2017

Seventh Supplemental Indenture • July 2nd, 2007 • Telefonica S A • Telephone communications (no radiotelephone) • New York

• Contract Type
  Seventh Supplemental Indenture
• Filed
  July 2nd, 2007
• Company
  Telefonica S A
• Industry
  Telephone communications (no radiotelephone)
• Jurisdiction
  New York

THIS SEVENTH SUPPLEMENTAL INDENTURE, dated as of July 2, 2007, among Telefónica Emisiones, S.A.U., a sociedad anónima incorporated under the laws of the Kingdom of Spain (the “Issuer”), Telefónica, S.A., a sociedad anónima incorporated under the laws of the Kingdom of Spain (the “Guarantor”), and The Bank of New York (as successor to JPMorgan Chase Bank, N.A.), a banking association organized and existing under the laws of the State of New York, as trustee (the “Trustee”, which term includes any successor Trustee) and paying agent (the “Paying Agent”, which term includes any successor Paying Agent).