Exhibit 10.1

 

WAIVER

 

Reference is made to that certain Agreement and Plan of Merger by and among
Nokia, Inc. (“Parent”), North Acquisition Corp. (“Purchaser”), and NAVTEQ
Corporation (the “Company”), dated as of October 1, 2007 (the “Merger
Agreement”).  Capitalized terms used but not defined herein shall have the
meanings ascribed to them in the Merger Agreement.

 

Pursuant to Section 9.05 of the Merger Agreement, Parent, Purchaser and the
Company agree as follows:

 

1.             To waive the obligation of Parent under Section 3.02(f) of the
Merger Agreement to provide at least 30 days’ notice prior to the Effective Time
of its determination that (a) all Performance Share Units and Restricted Share
Units granted to (x) non-employee directors of the Company and (y) Mr. Ferris
Carpenter, and (b) all Performance Share Units and Restricted Share Units
scheduled to vest on or prior to October 20, 2008, shall be converted into the
right to receive the Merger Consideration in accordance with Section 3.02(f) of
the Merger Agreement; and

 

2.             Any fractional Nokia Shares that may result from the conversion,
pursuant to Sections 3.02(b) and 3.02(c) of the Merger Agreement, of Performance
Share Units and Restricted Share Units held by award-holders located in Canada
or Singapore shall be rounded down to the nearest whole share, notwithstanding
the provisos of Sections 3.02(b) and 3.02(c) of the Merger Agreement.

 

[SIGNATURE PAGE TO FOLLOW]

 

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This Waiver may be executed in one or more counterparts, each of which shall be
deemed to be an original but all of which shall be deemed to be one and the same
instrument.  This Waiver shall not be construed as a waiver of any other term or
condition of the Merger Agreement.

 

DATED: July 2, 2008

 

 

NOKIA, INC.

 

 

 

 

 

 

 

/s/ Bruce Bowden

 

Name:  VP, Global M&A

 

Title:

 

 

 

 

 

 

 

NORTH ACQUISITION CORP.

 

 

 

 

 

 

 

/s/ Bruce Bowden

 

Name:  VP, Global M&A

 

Title:

 

 

 

 

 

 

 

NAVTEQ CORPORATION

 

 

 

 

 

 

 

/s/ David B. Mullen

 

Name:  David B. Mullen

 

Title:  EVP & CFO

 

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