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                                                                   EXHIBIT 10.15

                          GLOBAL TRAFFIC NETWORK, INC.
                             STOCK OPTION AGREEMENT
                     (2005 Stock Incentive Plan - Director)


      This STOCK OPTION AGREEMENT is made effective as of this [____] day of
[________], [________], between Global Traffic Network, Inc. (the "Company"),
and [________________] ("Director").

                                   BACKGROUND

      A. Director is serving as a member of the Board of Directors of the
Company (the "Board") and is not an employee of the Company or any of its
subsidiaries (a "Non-Employee Director") and the Company desires to award
Director for his or her services to the Company; and

      B. The Company has adopted the 2005 Stock Incentive Plan (the "Plan")
pursuant to which shares of common stock, $.001 par value, of the Company have
been reserved for issuance under the Plan.

      NOW, THEREFORE, the parties hereto agree as follows:

      1. Grant of Option. The Company hereby irrevocably grants from the Plan to
Director the right and option (hereinafter referred to as the "Option") to
purchase from the Company all or any portion of an aggregate of [____] ([____])
shares of the common stock, $.001 par value, of the Company (the "Shares") (such
number being subject to adjustment pursuant to the terms of the Plan) subject to
the terms and conditions herein set forth.

      2. Purchase Price. The purchase price of the Shares covered by the Option
shall be $[____] per Share.

      3. Exercise and Vesting of Option. The Option shall be exercisable only to
the extent that all or any portion thereof, has vested in Director. Except as
otherwise provided herein, the Option shall vest ratably over a period of [____]
([____]) years in equal annual installments, beginning on the one-year
anniversary of the date of this Agreement and continuing on each subsequent
anniversary date (the "Vesting Date") until the Option is fully vested, as set
forth in the following schedule:

<TABLE>
<CAPTION>
     No. of Shares To Be Vested                   Vesting Date
     --------------------------                   ------------
<S>                                               <C>



</TABLE>

      4. Term of Option. To the extent vested, and except as otherwise provided
in this Agreement, the Option shall be exercisable for ten (10) years from the
date of this Agreement.
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      5. Effect of Termination of Relationship with the Company. In the event
that Director shall cease to be a Non-Employee Director for any reason other
than death, Director shall have the right to exercise the Option at any time
within one (1) year after the date Director ceased to be a Non-Employee Director
to the extent of the full number of Shares exercisable by Director on the date
he or she ceased to be a Non-Employee Director and the unvested portion shall
not vest and all of Director's rights to such unvested parts of the Option shall
terminate. Upon the expiration of such one (1) year period, or, if earlier, upon
the expiration date of the Options as set forth above, the Options shall
terminate and become null and void.

      6. Manner of Exercising Option. Subject to the terms and conditions of
this Agreement, the Option may be exercised, in whole or in part, by giving
written notice to the Company, specifying the number of Shares to be purchased
and accompanied by the full purchase price for such Shares. Any such notice
shall be deemed given when received by the Company at its corporate
headquarters. The purchase price shall be payable (a) in United States dollars
upon exercise of the option and may be paid by cash; uncertified or certified
check; bank draft; or (b) by delivery of shares of Common Stock in payment of
all or any part of the purchase price, which shares shall be valued for this
purpose at the Fair Market Value (as such term is defined in the Plan) on the
date such option is exercised. All Shares that shall be purchased upon the
exercise of the Option as provided herein shall be fully paid and
non-assessable.

      7. Rights of Option Holder. Director and Director's permitted assignees or
transferees, as holder of the Option, shall not have any of the rights of a
shareholder with respect to the Shares covered by the Option except to the
extent that one or more certificates for such Shares shall be delivered to him
or her upon the due exercise of all or any portion of the Option. This Agreement
shall not confer on Director any right to continue serving as a member of the
Board.

      8. Non-Transferability. The Option shall not be transferred, pledged or
assigned except, in the event Director's death, by will or the laws of descent
and distribution to the limited extent provided in the Plan, or pursuant to a
qualified domestic relations order as defined by the Internal Revenue Code of
1986, as amended (the "Code") or Title I of the Employee Retirement Income
Security Act, or the rules thereunder, and the Company shall not be required to
recognize any attempted assignment of such rights. Notwithstanding the preceding
sentence, the Option may be transferred by Director to Director's spouse,
children, grandchildren or parents (collectively, the "Family Members"), to
trusts for the benefit of Family Members, to partnerships or limited liability
companies in which Family Members are the only partners or shareholders, or to
entities exempt from federal income taxation pursuant to Section 501(c)(3) of
the Code. During Director's lifetime, the Option may be exercised only by him or
her, by his or her guardian or legal representative or by the transferees
permitted by the preceding sentence.

      9. Securities Law Matters. Director acknowledges that the Shares to be
received by him or her upon exercise of the Option may have not been registered
under the Securities Act of 1933 or the Blue Sky laws of any state
(collectively, the "Securities Acts"). If such Shares have not been so
registered, Director acknowledges and understands that the Company is under no


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obligation to register, under the Securities Acts, the Shares received by him or
her or to assist him or her in complying with any exemption from such
registration if he or she should at a later date wish to dispose of the Shares.
Director acknowledges that if not then registered under the Securities Acts, the
Shares shall bear a legend restricting the transferability thereof, such legend
to be substantially in the following form:

            "The shares represented by this certificate have not been registered
            or qualified under federal or state securities laws. The shares may
            not be offered for sale, sold, pledged or otherwise disposed of
            unless so registered or qualified, unless an exemption exists or
            unless such disposition is not subject to the federal or state
            securities laws, and the Company may require that the availability
            or any exemption or the inapplicability of such securities laws be
            established by an opinion of counsel, which opinion of counsel shall
            be reasonably satisfactory to the Company."

      10. Director Representations. Director hereby represents and warrants
that:

            (a) Director has reviewed with their own tax advisors the federal,
      state, and local tax consequences of the transactions contemplated by this
      Agreement. Director is relying solely on such advisors and not on any
      statements or representation of the Company or any of its agents. Director
      understands that he will be solely responsible for any tax liability that
      may result to him or her as a result of the transactions contemplated by
      this Agreement.

            (b) The Option, if exercised, will be exercised for investment and
      not with a view to the sale or distribution of the Shares to be received
      upon exercise thereof.

      11. The Plan. The Option is granted pursuant to the Plan and is governed
by the terms thereof, which are incorporated herein by reference. In the event
of any conflict or inconsistency between the provisions of this Agreement and
those of the Plan, the provisions of the Plan shall govern and control.

      12. Governing Law. This Agreement, in its interpretation and effect, shall
be governed by the laws of the State of Minnesota applicable to contracts
executed and to be performed therein.

      13. Further Assurances. Each party hereto agrees to execute such further
papers, agreements, assignments or documents of title as may be necessary or
desirable to affect the purposes of this Agreement and carry out its provisions.

      14. Entire Agreement. This Agreement and the Plan embody the entire
agreement made between the parties hereto with respect to the matters covered
herein and shall not be modified except by a writing signed by the party to be
charged.

      15. Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which shall
constitute but one and the same agreement.


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         IN WITNESS WHEREOF, the undersigned have executed this Agreement as of
the date first written above.

                                    GLOBAL TRAFFIC NETWORK, INC.


                                    By:
                                       -----------------------------------------
                                    Name:
                                         ---------------------------------------
                                    Title:
                                          --------------------------------------


                                    --------------------------------------------
                                    [             ], Director


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