Document:

EX-10.16

 Exhibit 10.16 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (the
“Agreement”) is entered into as of                      (the “Effective Date”) by and among Fleetmatics Group PLC
(the “Company”), FleetMatics USA Holdings, Inc., 70 Walnut Street, 2nd floor, Wellesley Hills, MA 02481 (“U.S. Subsidiary”), and Kathleen Finato, of 354 Donnelly Place, Vernon Hills, IL 60061 (“Executive”). The parties hereby agree as
follows: 
 1. Description: 
 The Executive shall serve as Chief Marketing Officer. The Executive shall report to, take direction from and assume such duties and responsibilities consistent with her position as are assigned to her by
the Chief Executive Officer of the Company (the “CEO”). The Executive shall devote her full working time and efforts to the business and affairs of the Company. Notwithstanding the foregoing, Executive may participate in (a) civic and
charitable activities, (b) the management of Executive’s family and personal affairs, including her investments, and (c) other business activities approved in writing by the Board of Directors of the Company (the “Board”)
including serving as a member of non-profit and for-profit boards of directors, so long as such activities (i) do not interfere with the performance of Executive’s duties to the Company, and
(ii) do not create a conflict of interest with the U.S. Subsidiary or the Company. 
 (a) Start Date. Executive
shall commence employment on July 8, 2013, unless another date is mutually agreed to by Executive and the Company. For purposes of this Agreement the factual first date of Executive’s employment shall be the “Start Date”.

 (b) Obligations. During Executive’s employment she will not engage in any other employment, occupations or
consulting activity for any direct or indirect remuneration or any activity that would or may create a conflict of interest between Executive and U.S. Subsidiary or the Company, without the prior approval of the Board. 

(c) Employment. U.S. Subsidiary will employ Executive on the terms and conditions set forth herein. Executive will receive her
cash compensation and benefits from U.S. Subsidiary and U.S. Subsidiary will maintain and distribute employment-related records. The payment and performance of U.S. Subsidiary’s obligations under this Agreement is a joint and several obligation
of U.S. Subsidiary and the Company. 
 2. At-Will Employment. Subject to the severance provisions set forth in Section 7
below, the parties agree that Executive’s employment will be “at-will” employment and may be terminated at any time with or without cause or notice subject to the terms of this Agreement. Executive understands and agrees that neither
her job performance nor promotions, commendations, bonuses or the like from the Company or U.S. Subsidiary give rise to or in any way serve as the basis for modification, amendment, or extension, by implication or otherwise, of her at-will
employment status. 
 3. Compensation. 
 (a) Base Salary. Executive’s base salary shall be paid at the rate of $275,000 (two-hundred seventy-five dollars) per year, payable in accordance with U.S. Subsidiary’s normal payroll
practices and be subject to the usual, required deductions and withholdings. Executive’s base salary will be subject to review based upon the U.S. Subsidiary’s normal performance review practices. The annual base salary in effect at any
given time is referred to herein as “Base Salary.” 
 (b) Annual Bonus. Executive will be eligible to earn a
bonus at an annual target of $160,000 (one-hundred sixty), less applicable withholding taxes, (pro-rated for the year in which the Executive first starts employment hereunder) based on the achievement of corporate objectives to be determined by the
Company, and personal performance objectives to be determined by the Company after consultation with the Executive. The Executive’s target, performance objectives and the achievement of those objectives shall be determined in the sole
discretion of the Company or the Compensation Committee of the Board, and where applicable, based on financial and other calculable results of the Company. The annual bonus in effect at any given time is referred to herein as the “Annual
Bonus”. Except as otherwise provided herein, to earn any part of the Annual Bonus, the Executive must be employed by the U.S. Subsidiary on December 31 of the applicable bonus year. Any Annual Bonus shall be paid between January 1 and
March 15 of the year following the year in which such Annual Bonus is earned. 
 (c) Stock Options. The Company
shall recommend to the Board for approval a grant to Executive of 35,000 Restricted Stock Units (RSUs) and 15,000 Performance Stock Units (PSUs) for Ordinary Shares (“Shares”) pursuant to the terms of the Company’s 2011 Stock Option
and Incentive Plan (the “Plan”). Such RSUs and PSUs and any other equity based awards shall be subject to the terms and conditions of the applicable agreements for RSUs and PSUs, respectively, including but not limited to with respect to
vesting and forfeiture (collectively the “Equity Documents”). 

  
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 4. Employee Benefits. During her employment, Executive will be entitled to participate in
the employee benefit plans currently and hereafter maintained by the U.S. Subsidiary of general applicability to other senior executives of the U.S. Subsidiary residing in the United States of America. The Company and U.S. Subsidiary reserve the
right to cancel or change the benefit plans and programs it offers to its employees at any time. 
 5. Vacation. Executive will
be entitled to paid vacation of twenty (20) paid vacation days per year, accrued on a pro rata basis in accordance with U.S. Subsidiary’s vacation policy. 
 6. Expenses. U.S. Subsidiary will reimburse Executive for reasonable travel, entertainment or other expenses incurred by Executive in the furtherance of or in connection with the performance of
Executive’s duties hereunder, in accordance with U.S. Subsidiary’s expense reimbursement policy as in effect from time to time. 
 7. Termination/Severance. Except as otherwise provided below, if Executive’s employment with the U.S. Subsidiary terminates for any reason, then (i) all vesting will terminate immediately with
respect to Executive’s outstanding equity based awards not yet vested, (ii) all payments of compensation by the Company or U.S. Subsidiary to Executive hereunder will terminate immediately (except as to Base Salary earned through the last
day of employment and Annual Bonus amounts already earned but not yet paid for the prior calendar year, if any). In addition, the following terms shall apply depending on the circumstances of the Executive’s termination: 

(a) Termination Without Cause or Resignation for Good Reason Apart from a Change of Control. If prior to or absent a Change of
Control, (i) the U.S. Subsidiary terminates Executive’s employment without Cause or (ii) Executive resigns from employment for Good Reason, then, subject to Section 8, Executive will be entitled to: (A) receive continuing
payments of severance pay at a rate equal to her monthly Base Salary rate, as then in effect, for six (6) months; and (B) if the Executive was participating in the Company’s group health and/or dental plans immediately prior to the
effective date of termination (“Date of Termination”), then subject to the Executive electing and remaining eligible under the law known as COBRA, the Company shall pay the employer portion of the premiums for such plan(s) to the same
extent as if the Executive had remained employed by the Company during the six (6) month salary continuation period. 
 (b)
Termination Without Cause or Resignation for Good Reason within Six (6) Months after a Change of Control. If (i) within six (6) months after a Change of Control the U.S. Subsidiary terminates Executive’s employment with be
U.S. Subsidiary without Cause, or (ii) Executive resigns from employment for Good Reason, then, subject to Section 8, Executive will be entitled to: (A) receive continuing payments of severance pay at a rate equal to her monthly Base
Salary rate, as then in effect, for six (6) months; (B) if the Executive was participating in the Company’s group health and/or dental plans immediately prior to the Date of Termination, then subject to the Executive electing and
remaining eligible under the law known as COBRA, the Company shall pay the employer portion of the premiums for such plan(s) to the same extent as if the Executive had remained employed by the Company during the six (6) month salary
continuation period; and (C) 100% of any outstanding RSUs not yet vested shall become immediately vested upon Executive’s date of termination or resignation. 
 (c) Termination for Cause: Resignation without Good Reason. If Executive’s employment with the U.S. Subsidiary terminates voluntarily by Executive (except upon resignation for Good Reason), or
for Cause by the Company, then (i) all vesting will terminate effective on the Date of Termination with respect to Executive’s outstanding equity awards not yet vested, (ii) all payments of compensation by the Company or U.S.
Subsidiary to Executive hereunder will terminate immediately (except as to Base Salary earned through the Date of Termination and Annual Bonus amounts already earned but not yet paid for the prior calendar year, if any), and (iii) Executive
will be eligible for severance benefits in accordance with the U.S. Subsidiary’s established policies, if any, as then in effect. 
 (d) Termination Upon Death or Disability. If Executive’s employment terminates due to Executive’s death or disability, then (i) all payments of compensation by the Company or U.S.
Subsidiary to Executive hereunder will terminate immediately (except as to Base Salary through the Date of Termination and Annual Bonus amounts already earned but not yet paid for the prior calendar year, if any), (ii) Executive will only be
eligible for severance benefits in accordance with the Company’s established policies, if any, as then in effect, and (iii) in addition to the number of shares that have would have vested as of the Date of Termination pursuant to the
schedule set forth in applicable Equity Documents, a number of shares will vest equal to the number of shares would have otherwise vested if Executive had remained employed with the U.S. Subsidiary through six (6) months following the Date of
Termination. For the purposes of this Agreement, Executive’s employment may be terminated as a result of disability if Executive is disabled and unable to perform the essential functions of the Executive’s then existing position or
positions under this Agreement with or without reasonable accommodation for a period of 120 days (which need not be consecutive) in any 12-

  
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month period. If any question shall arise as to whether during any period Executive is disabled so as to be unable to perform the essential functions of Executive’s then existing position or
positions with or without reasonable accommodation, the Executive may, and at the request of the Company shall, submit to the Company a certification in reasonable detail by a physician selected by the Company to whom the Executive or the
Executive’s guardian has no reasonable objection as to whether the Executive is so disabled or how long such disability is expected to continue, and such certification shall for the purposes of this Agreement be conclusive of the issue.
Notwithstanding the foregoing, such certification shall not be used to circumvent or reduce the time period of 120 days in any 12-month period. The Executive shall cooperate with any reasonable request of the physician in connection with such
certification. If such question shall arise and the Executive shall fail to submit such certification within fifteen (15) days following a formal request by the Company, the Company’s determination of such issue shall be binding on the
Executive. Nothing in this Section 7(d) shall be construed to waive the Executive’s rights, if any, under existing law including, without limitation, the Family and Medical Leave Act of 1993, 29 U.S.C. §2601 et seq. and the
Americans with Disabilities Act, 42 U.S.C. §12101 et seq. 
 8. Receipt of Severance: No Duty to Mitigate.

 (a) Separation Agreement/Commencement of Severance Pay. The receipt of any severance payments, benefits or equity
acceleration pursuant to Section 7 will be subject to Executive signing and not revoking a release agreement in favor of the Company and related persons and entities in a form reasonably required by the Company (the “Release”)
and the expiration of the seven-day revocation period for the Release, within 60 days following the Date of Termination. No severance payments, benefits or equity acceleration will be paid or provided unless the Release becomes fully effective. The
severance amount shall be paid as follows in substantially equal installments in accordance with the Company’s payroll practice over six (6) months, commencing within 60 days after the Date of Termination; provided, however, that if the
60-day period begins in one calendar year and ends in a second calendar year, the severance shall begin to be paid in the second calendar year. Solely for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”), each installment payment is considered a separate payment. 
 (b) Noncompete/Nonsolicitation.
The receipt of any severance payments or benefits pursuant to Section 7 will be subject to Executive not violating the Non-Competition Agreement referenced in Section 10 of this Agreement and attached hereto as Appendix A, the terms
of which are hereby incorporated by reference. In the event Executive breaches the Non-Competition Agreement, in addition to all other legal and equitable remedies, the Company shall have the right to terminate or suspend all continuing payments and
benefits to which Executive may otherwise be entitled pursuant to Section 7 without affecting the Executive’s release or Executive’s obligations under the Release agreement. 

(c) No Duty to Mitigate. Executive will not be required to mitigate the severance amount contemplated by this Agreement, nor will
any earnings that Executive may receive from any other source reduce any such Severance Amount. 
 9. Definitions. 

(a) Cause. For purposes of this Agreement, “Cause” is defined as (i) a proven act of dishonesty made by Executive in
connection with Executive’s responsibilities as an employee that results in proven material injury to the Company, (ii) Executive’s conviction of, or plea of nolo contendere to, a felony or any crime involving embezzlement or
any other act of moral turpitude, (iii) Executive’s proven gross misconduct that results in proven material injury to the Company, (iv) Executive’s proven unauthorized use or disclosure of any proprietary information or trade
secrets of the Company or any other party to whom Executive owes an obligation of nondisclosure as a result of Executive’s relationship with the Company; (v) Executive’s proven willful breach of any material obligations under any
material written agreement or covenant with the Company; or (vi) Executive’s continued failure to substantially perform her material employment duties after Executive received a written demand of performance from the Company which
specifically sets forth the factual basis for the Company’s belief that Executive has not substantially performed her material duties and has failed to cure such non-performance to the Company’s satisfaction within fifteen
(15) business days after receiving such notice. 
 (b) Change of Control. For purposes of this Agreement,
“Change of Control” of the Company is defined as: 
 (i) any “person” (as such term is used
in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) who is not a shareholder of the Company as of the date of this Agreement or an affiliate thereof is or becomes the “beneficial owner” (as defined in Rule 13d-J
under said Act), directly or indirectly, of securities of the Company representing 50% or more of the total voting power represented by the Company’s then outstanding voting securities; or 

(ii) a change in the composition of the Board occurring within a two- year period,
as a result of which less than a majority of the directors are Incumbent Directors. “Incumbent Directors” will mean directors who either 

  
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(A) are directors of the Company as of the date hereof, or (B) are elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the remaining
Incumbent Directors at the time of such election or nomination (but will not include an individual whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the Company); or

 (iii) the date of the consummation of a merger, scheme of arrangement or consolidation of the Company with any
other corporation that has been approved by the stockholders of the Company, other than a merger, scheme of arrangement or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to
represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving
entity outstanding immediately after such merger or consolidation; or 
 (iv) the date of the consummation of the
sale or disposition by the Company of all or substantially all the Company’s assets. 
 Notwithstanding the foregoing, a transaction will
not constitute a Change in Control if: (i) its sole purpose is to change the state of the Company’s incorporation; or (ii) its sole purpose is to create a holding company that will be owned in substantially the same proportions by the
persons who held the Company’s securities immediately before such transaction. 
 (c) Good Reason. For the purposes
of this Agreement, “Good Reason” means without Executive’s express written consent, any of the following “Good Reason Conditions”: (i) the Company and/or the U.S. Subsidiary commits a material breach of
this Agreement which is not remedied by the Company and/or the U.S. Subsidiary within fifteen (15) days of receiving written notice from Executive that specifically sets forth the factual basis for Executive’s belief that a material breach
has occurred; (ii) a diminution of Executive’s Base Salary of more than 10% (provided that for purposes of Section 7(b) only, a diminution of Executive’s Base Salary of less than 10% other than in connection with an
across-the-board salary reduction affecting all senior executives of the U.S. Subsidiary shall give rise to a Good Reason Condition); (iii) a material change in the geographic location at which the Executive provides services to the Company
and/or the U.S. Subsidiary (provided that for this purpose, in no event shall a relocation of such provision of services to a new location less than fifty (50) miles from the current location of the provision of services give rise to a Good
Reason Condition); (iv) a material diminution in the Executive’s responsibilities, authority or duties; or (v) a successor to the Company fails to assume this Agreement in writing upon becoming a successor or assignee of the Company.
With respect to each of the Good Reason Conditions described above, Executive may not establish “Good Reason” unless she has provided written notice of the existence of such condition to the Company within 30 days of the event constituting
such Good Reason, the Company fails to reasonably cure such condition within the 15-day period immediately following receipt of such notice and the Executive terminates her employment within sixty (60) days after providing written notice of the
existence of a Good Reason Condition or end of the cure period, whichever is later. 
 10. Confidential Information/Restrictive
Covenants. Executive agrees to terms of the Company’s standard Employee Non-Competition, Non-Solicitation, Confidentiality and Assignment Agreement (the “Non-Competition Agreement”)
attached hereto as Appendix A, the terms of which are hereby incorporated by reference as material terms of this Agreement. 
 11. Assignment. This Agreement will be binding upon and inure to the benefit any successor of the Company and any successor of a U.S. Subsidiary. Any such successor or affiliate of the Company and any
U.S. Subsidiary will be deemed substituted for the Company or a U.S. Subsidiary, respectively, under the terms of this Agreement for all purposes. For this purpose “successor” means any person, firm, corporation or other business entity
which at any time, whether by purchase, merger, scheme of arrangement or otherwise, directly or indirectly acquires all or substantially all of the assets or business of either or both the Company or U.S. Subsidiary. None of the rights of Executive
to receive any form of compensation payable pursuant to this Agreement may be assigned or transferred except by will or the laws of descent and distribution. Any other attempted assignment, transfer, conveyance or other disposition of
Executive’s right to compensation or other benefits will be null and void. This Agreement shall be binding upon and inure to the benefit of Executive and, with respect to Section 7(d), Executive’s legal representatives or heirs.

 12. Notices. All notices, requests, demands and other communications called for hereunder will be in writing and will be
deemed given (i) on the date of delivery if delivered personally, (ii) two (2) business days after the business day of deposit with Federal Express or a similar courier for next business day (or, internationally, second business day)
delivery, or (iii) seven (7) days after being mailed by registered or certified mail, return receipt requested, prepaid and addressed to the parties or their successors at the following addresses, or at such other addresses as the parties
may later designate in writing: 
 If to the Company: 
 FleetMatics USA Holdings, Inc. 
 70 Walnut Park, 2nd Floor 

Wellesley Hills, MA 02481 
 Attn: Chairman, Board of Directors 
 With a copy to: Corporate Counsel

  
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 If to the Executive: 

Kathleen Finato 

354 East Donnelly Place 
 Vernon Hills, IL 60061 
 Or last address on file with the Company 

13. Severability. In the event that any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal,
unenforceable or void, this Agreement will continue in full force and effect without said provision. 
 14. Arbitration. To
ensure the rapid and economical resolution of disputes that may arise in connection with Executive’s employment with the Company or U.S. Subsidiary, Executive and the Company agree that any and all disputes, claims, or causes of action, in law
or equity, arising from or relating to the enforcement, breach, performance, or interpretation of this Agreement, Executive’s employment, or the termination of Executive’s employment, shall be resolved, to the fullest extent permitted by
law, by final, binding and confidential arbitration in Boston, Massachusetts, conducted by the Judicial Arbitration and Mediation Services, Inc. (“JAMS”) or its successor, under the then applicable rules of JAMS. Executive and the
Company acknowledge that by agreeing to this arbitration procedure, each party waives the right to resolve any such dispute through a trial by jury or judge or administrative proceeding. The arbitrator shall: (a) have the authority to compel
adequate discovery for the resolution of the dispute and to award such relief as would otherwise be permitted by law; and (b) issue a written arbitration decision including the arbitrator’s essential findings and conclusions and a
statement of the award. The arbitrator shall be authorized to award any or all remedies that Executive or the Company would be entitled to seek in a court of law. Nothing in this Agreement is intended to prevent either the Executive or the Company
from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such arbitration. 
 Notwithstanding the
foregoing, Executive and the Company each have the right to petition the court for injunctive relief and seek damages relating to any issue or dispute arising under the Non-Competition Agreement. 

15. Integration. This Agreement and the Non-Competition Agreement represent the entire agreement and understanding between the parties as
to the subject matter herein and supersedes all prior or contemporaneous agreements whether written or oral, provided however, the Executive’s rights and obligations relating to her equity interests in the Company or the U.S. Subsidiary shall
be governed by the applicable Equity Documents (in conjunction with the terms as modified herein). This Agreement may be modified only by agreement of the parties by a written instrument executed by the parties that is designated as an amendment to
this Agreement. 
 16. Waiver of Breach. The waiver of a breach of any term or provision of this Agreement, which must be in
writing, will not operate as or be construed to be a waiver of any other previous or subsequent breach of this Agreement. 
 17.
Headings. All captions and section headings used in this Agreement are for convenient reference only and do not form a part of this Agreement. 
 18. Tax Withholding. All payments made pursuant to this Agreement will be subject to withholding of applicable taxes. 
 19. Governing Law/Consent to Jurisdiction. This Agreement will be governed by the laws of the Commonwealth of Massachusetts (with the exception of its conflict of laws provisions). The parties hereby
expressly consent to the personal jurisdiction of the state and federal courts located in the Commonwealth of Massachusetts for any action or proceeding arising from or relating to this Agreement and/or relating to any arbitration in which the
parties are participants. The parties hereby agree that the state and federal courts in Commonwealth of Massachusetts shall have the exclusive jurisdiction to consider any matters related to this Agreement, including without limitation any claim for
violation of this Agreement. With respect to any such court action, the Executive (i) submits to the jurisdiction of such courts, (ii) consents to service of process, and (iii) waives any other requirement (whether imposed by statute,
rule of court or otherwise) with respect to personal jurisdiction or venue. 
 20. Acknowledgment. Executive acknowledges that
she has had the opportunity to discuss this matter with and obtain advice from her private attorney, has had sufficient time to, and has carefully read and fully understands all the provisions of this Agreement, and is knowingly and voluntarily
entering into this Agreement. 

  
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 21. Counterparts. This Agreement may be executed in counterparts, and each counterpart will
have the same force and effect as an original and will constitute an effective, binding agreement on the part of each of the undersigned. 
 22. Attorney’s Fees. In the event of a dispute between the parties under this Agreement, the prevailing party shall be entitled to recover its costs and attorney’s fees from the non-prevailing
party, including those incurred at trial, arbitration, and on appeal. 
 23. 409A. Anything in this Agreement to the contrary
notwithstanding, if at the time of the Executive’s separation from service within the meaning of Section 409A of the Code, the Company determines that the Executive is a “specified employee” within the meaning of
Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Executive becomes entitled to under this Agreement on account of the Executive’s separation from service would be considered deferred compensation
subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until
the date that is the earlier of (A) six (6) months and one day after the Executive’s separation from service, or (B) the Executive’s death. If any such delayed cash payment is otherwise payable on an installment basis, the
first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of this provision, and the balance of the installments shall be payable in accordance with their
original schedule. All in-kind benefit provided and expenses eligible for reimbursement under this Agreement shall be provided by the Company or incurred by the Executive during the time periods set forth in this Agreement. All reimbursements shall
be paid as soon as administratively practicable, but in no event shall any reimbursement be paid after the last day of the taxable year following the taxable year in which the expense was incurred. The amount of in-kind benefits provided or
reimbursable expenses incurred in one taxable year shall not affect the in-kind benefits to be provided or the expense eligible for reimbursement in any other taxable year. Such right to reimbursement or in-kind benefits is not subject to
liquidation or exchange for another benefit. To the extent that any payment or benefit described in this Agreement constitutes “non-qualified deferred compensation” under Section 409A of the Code, and to the extent that such payment
or benefit is payable upon the Executive’s termination of employment, then such payments or benefits shall be payable only upon the Executive’s “separation from service.” The determination of whether and when a separation from
service has occurred shall be made in accordance with the presumption; set forth in Treasury Regulation Section 1.409A- 1(h). The parties intend that this Agreement will be administered in accordance with Section 409A of the Code. To the
extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the pro vision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties
agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits
provided hereunder without additional cost to either party. The Company makes no representation or warranty and shall have no liability to the Executive or any other person if any provisions of this Agreement are determined to constitute deferred
compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. 

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

									
	 The Company

Fleetmatics Group PLC
	 		 	 U.S. Subsidiary

FleetMatics USA Holdings, Inc.

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

 The Executive 

By:
                                         
                        

  
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 Appendix A 

Employee Non-Competition, Non-Solicitation, Confidentiality and Assignment Agreement 

In consideration and as a condition of my employment or continued employment by FleetMatics USA Holdings, Inc. (along with its parents, subsidiaries and
affiliates, the “Company”), I agree as follows 

 

 1. Proprietary Information. I agree that all information, whether or not in writing,
concerning the Company’s business, technology, business relationships or financial affairs which the Company has not released to the general public (collectively, “Proprietary Information”) is and will be the exclusive property of the
Company. By way of illustration, Proprietary Information may include information or material which has not been made generally available to the public, such as: (a) corporate information, including plans, strategies, methods, policies,
resolutions, negotiations or litigation; (b) marketing information, including strategies, methods, customer identities or other information about customers, prospect identities or other information about prospects, or market analyses or
projections; (c) financial information, including cost and performance data, debt arrangements, equity structure, investors and holdings, purchasing and sales data and price lists; and (d) operational and technological
information, including plans, specifications, manuals, forms, templates, software, designs, methods, procedures, formulas, discoveries, inventions, improvements, concepts and ideas; and (e) personnel information, including personnel
lists, reporting or organizational structure, resumes, personnel data, compensation structure, performance evaluations and termination arrangements or documents. Proprietary Information also includes information received in confidence by the Company
from its customers or suppliers or other third parties. 
 2. Recognition of Company’s Rights. I will not, at
any time, without the Company’s prior written permission, either during or after my employment, disclose any Proprietary Information to anyone outside of the Company, or use or permit to be used any Proprietary Information for any purpose other
than the performance of my duties as an employee of the Company. I will cooperate with the Company and use my best efforts to prevent the unauthorized disclosure of all Proprietary Information. I will deliver to the Company all copies of Proprietary
Information in my possession or control upon the earlier of a request by the Company or termination of my employment. 
 3. Rights of
Others. I understand that the Company is now and may hereafter be subject to non-disclosure or confidentiality agreements with third persons which require the Company to protect or refrain from use of proprietary information. I agree
to be bound by the terms of such agreements in the event I have access to such proprietary information.

 4. Commitment to Company; Avoidance of Conflict of Interest. While an employee of the
Company, I will devote my full-time efforts to the Company’s business and I will not engage in any other business activity that conflicts with my duties to the Company. I will advise the president of the Company or his or her nominee at such
time as any activity of either the Company or another business presents me with a conflict of interest or the appearance of a conflict of interest as an employee of the Company. I will take whatever action is requested of me by the Company to
resolve any conflict or appearance of conflict which it finds to exist. 
 5. Developments. I will make full and prompt
disclosure to the Company of all inventions, discoveries, designs, developments, methods, modifications, improvements, processes, algorithms, databases, computer programs, formulae, techniques, trade secrets, graphics or images, audio or visual
works, and other works of authorship (collectively “Developments”), whether or not patentable or copyrightable, that are created, made, conceived or reduced to practice by me (alone or jointly with others) or under my direction during the
period of my employment. I acknowledge that all work performed by me is on a “work for hire” basis, and I hereby do assign and transfer and, to the extent any such assignment cannot be made at present, will assign and transfer, to the
Company and its successors and assigns all my right, title and interest in all Developments that (a) relate to the business of the Company or any customer of or supplier to the Company or any of the products or services being researched,
developed, manufactured or sold by the Company or which may be used with such products or services; or (b) result from tasks assigned to me by the Company; or (c) result from the use of premises or personal property (whether tangible or
intangible) owned, leased or contracted for by the Company (“Company-Related Developments”), and all related patents, patent applications, trademarks and trademark applications, copyrights and copyright applications, and other intellectual
property rights in all countries and territories worldwide and under any international conventions (“Intellectual Property Rights”). 

To preclude any possible uncertainty, I have set forth on Exhibit A attached hereto a complete list of Developments that I have, alone or jointly
with others, conceived, developed or reduced to practice prior to the commencement of my employment with the Company that I consider to be my property or the property of third parties and that I wish to have excluded from the scope of this Agreement
(“Prior Inventions”). I have also listed on Exhibit A all patents and patent applications in which I am named as an inventor, other than those which have been assigned to the Company (“Other

 

  
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Patent Rights”). If no such disclosure is attached, I represent that there are no Prior Inventions or Other Patent Rights. If, in the course of my employment with the Company, I incorporate
a Prior Invention into a Company product, process or machine or other work done for the Company, I hereby grant to the Company a nonexclusive, royalty-free, irrevocable, worldwide license (with the full right to sublicense) to make, have made,
modify, use and sell such Prior Invention. Notwithstanding the foregoing, I will not incorporate, or permit to be incorporated, Prior Inventions in any Company-Related Development without the Company’s prior written consent. 

This Agreement does not obligate me to assign to the Company any Development which, in the sole judgment of the Company, reasonably exercised, is
developed entirely on my own time and does not relate to the business efforts or research and development efforts in which, during the period of my employment, the Company actually is engaged or reasonably would be engaged, and does not result from
the use of premises or equipment owned or leased by the Company. However, I will also promptly disclose to the Company any such Developments for the purpose of determining whether they qualify for such exclusion. I understand that to the extent this
Agreement is required to be construed in accordance with the laws of any state which precludes a requirement in an employee agreement to assign certain classes of inventions made by an employee, this paragraph 5 will be interpreted not to apply to
any invention which a court rules and/or the Company agrees falls within such classes. I also hereby waive all claims to any moral rights or other special rights which I may have or accrue in any Company-Related Developments. 

6. Documents and Other Materials. I will keep and maintain adequate and current records of all Proprietary Information and Company-Related
Developments developed by me during my employment, which records will be available to and remain the sole property of the Company at all times. 

All files, letters, notes, memoranda, reports, records, data, sketches, drawings, notebooks, layouts, charts, quotations and proposals, specification
sheets, program listings, blueprints, models, prototypes, or other written, photographic or other tangible material containing Proprietary Information, whether created by me or others, which come into my custody or possession, are the exclusive
property of the Company to be used by me only in the performance of my duties for the Company. Any property situated on the Company’s premises and owned by the Company, including without limitation computers, disks and other storage media,
filing cabinets or other work areas, is subject to inspection by the Company at any time with or without notice. In the event of the termination of my employment for any reason, I will deliver to the Company all files, letters, notes, memoranda,
reports, records, data, sketches, drawings, notebooks, layouts, charts, quotations and proposals, specification sheets, program listings, blueprints, models, prototypes, or other written, photographic or other tangible material containing
Proprietary Information, and other materials of any nature pertaining to the Proprietary Information of the Company and to my work,

 
and will not take or keep in my possession any of the foregoing or any copies. 
 7.
Enforcement of Intellectual Property Rights. I will cooperate fully with the Company, both during and after my employment with the Company, with respect to the procurement, maintenance and enforcement of Intellectual Property Rights in
Company-Related Developments. I will sign all papers, including without limitation copyright applications, patent applications, declarations, oaths, assignments of priority rights, and powers of attorney, which the Company may deem necessary or
desirable in order to protect its rights and interests in any Company-Related Development. If the Company is unable, after reasonable effort, to secure my signature on any such papers, I hereby irrevocably designate and appoint each officer of the
Company as my agent and attorney-in-fact to execute any such papers on my behalf, and to take any and all actions as the Company may deem necessary or desirable in order to protect its rights and interests in any Company-Related Development.

 8. Non-Competition and Non-Solicitation. In order to protect the Company’s Proprietary Information and good will, during
my employment and for a period of twelve (12) months following the termination of my employment for any reason (the “Restricted Period”), I will not directly or indirectly, whether as owner, partner, shareholder, director, consultant,
agent, employee, co-venturer or otherwise, engage, participate or invest in any business activity anywhere in the United States that develops, manufactures or markets any products, or performs any services, that are competitive with the products or
services of the Company, or products or services that the Company has under development or that are the subject of active planning at any time during my employment; provided that this shall not prohibit any possible investment in publicly traded
stock of a company representing less than one percent of the stock of such company. In addition, during the Restricted Period, I will not, directly or indirectly, in any manner, other than for the benefit of the Company, (a) call upon, solicit,
divert or take away any of the customers of the Company with whom I had contact or about whom I received Proprietary Information during the last twelve (12) months of my employment, and/or (b) solicit, entice or attempt to persuade any
other employee or consultant of the Company to leave the services of the Company for any reason. I acknowledge and agree that if I violate any of the provisions of this paragraph 8, the running of the Restricted Period will be extended by the time
during which I engage in such violation(s). 
 9. Government Contracts. I acknowledge that the Company may have from time to time
agreements with other persons or with the United States Government or its agencies which impose obligations or restrictions on the Company regarding inventions made during the course of work under such agreements or regarding the confidential nature
of such work. I agree to comply with any such obligations or restrictions upon the direction of the Company. In addition to the rights assigned under paragraph 5, I also assign to the Company (or any of its nominees) all rights which I have or
acquired in any Developments, full title to which is required to be in the United States under any contract between the Company and the United States or any of its agencies.

 

  
 9 

 10. Prior Agreements. I hereby represent that, except as I have fully disclosed previously in
writing to the Company, I am not bound by the terms of any agreement with any previous employer or other party to refrain from using or disclosing any trade secret or confidential or proprietary information in the course of my employment with the
Company or to refrain from competing, directly or indirectly, with the business of such previous employer or any other party. I further represent that my performance of all the terms of this Agreement as an employee of the Company does not and will
not breach any agreement to keep in confidence proprietary information, knowledge or data acquired by me in confidence or in trust prior to my employment with the Company. I will not disclose to the Company or induce the Company to use any
confidential or proprietary information or material belonging to any previous employer or others. 
 11. Remedies Upon Breach. I
understand that the restrictions contained in this Agreement are necessary for the protection of the business and goodwill of the Company and I consider them to be reasonable for such purpose. Any breach of this Agreement is likely to cause the
Company substantial and irrevocable damage and therefore, in the event of such breach, the Company, in addition to such other remedies which may be available, will be entitled to specific performance and other injunctive relief. 

12. Use of Voice, Image and Likeness. I give the Company permission to use my voice, image or likeness, with or without using my name, for
the purposes of advertising and promoting the Company, or for other purposes deemed appropriate by the Company in its reasonable discretion, except to the extent expressly prohibited by law. 
 13. Publications and Public Statements. I will obtain the Company’s written approval before publishing or submitting for publication any material that relates to my work at the Company
and/or incorporates any Proprietary Information. To ensure that the Company delivers a consistent message about its products, services and operations to the public, and further in recognition that even positive statements may have a detrimental
effect on the Company in certain securities transactions and other contexts, any statement about the Company which I create, publish or post during my period of employment and for six (6) months thereafter, on any media accessible by the
public, including but not limited to electronic bulletin boards and Internet-based chat rooms, must first be reviewed and approved by an officer of the Company before it is released in the public domain.

 14. No Employment Obligation. I understand that this Agreement does not create an obligation
on the Company or any other person to continue my employment. I acknowledge that, unless otherwise agreed in a formal written employment agreement signed on behalf of the Company by an authorized officer, my employment with the Company is at will
and therefore may be terminated by the Company or me at any time and for any reason. 
 15. Survival and Assignment by the
Company. I understand that my obligations under this Agreement will continue in accordance with its express terms regardless of any changes in my title, position, duties, salary, compensation or benefits or other terms and conditions of
employment. I further understand that my obligations under this Agreement will continue following the termination of my employment regardless of the manner of such termination and will be binding upon my heirs, executors and administrators. The
Company will have the right to assign this Agreement to its affiliates, successors and assigns. I expressly consent to be bound by the provisions of this Agreement for the benefit of the Company or any parent, subsidiary or affiliate to whose employ
I may be transferred without the necessity that this Agreement be resigned at the time of such transfer. 
 16. Disclosure to Future
Employers. I will provide a copy of this Agreement to any prospective employer, partner or co-venturer prior to entering into an employment, partnership or other business relationship with such person or entity. 

17. Severability. In case any provisions (or portions thereof) contained in this Agreement shall, for any reason, be held invalid, illegal
or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect the other provisions of this Agreement, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been
contained herein. If, moreover, any one or more of the provisions contained in this Agreement shall for any reason be held to be excessively broad as to duration, geographical scope, activity or subject, it shall be construed by limiting and
reducing it, so as to be enforceable to the extent compatible with the applicable law as it shall then appear. 
 18.
Interpretation. This Agreement will be deemed to be made and entered into in the Commonwealth of Massachusetts, and will in all respects be interpreted, enforced and governed under the laws of the Commonwealth of Massachusetts. I hereby
agree to consent to personal jurisdiction of the state and federal courts situated within Suffolk County, Massachusetts for purposes of enforcing this Agreement, and waive any objection that I might have to personal jurisdiction or venue in those
courts. 

 

  
 10 

 I UNDERSTAND THAT THIS AGREEMENT AFFECTS IMPORTANT RIGHTS. BY SIGNING BELOW, I CERTIFY THAT I HAVE READ
IT CAREFULLY AND AM SATISFIED THAT I UNDERSTAND IT COMPLETELY. 
 IN WITNESS WHEREOF, the undersigned has executed this agreement as a
sealed instrument as of the date set forth below. 
  

									
	Signed:	 	  
	  		  		  	
		 	(Employee’s full name)	  		  		  	

									
					
	Type or print name:	 	  
	  		  		  	

									
					
	Social Security Number (Last 4 Digits Only):	 	  
	  		  	Date:	  	

  
 11 

 EXHIBIT A 

 

					
	To:	 	  
	  	
			
	From:	 	  
	  	
			
	Date:	 	  
	  	

  

	SUBJECT:	Prior Inventions 

 The
following is a complete list of all inventions or improvements relevant to the subject matter of my employment by the Company that have been made or conceived or first reduced to practice by me alone or jointly with others prior to my engagement by
the Company: 
  

					
	 ̈	  	No inventions or improvements	  	
			
	 ̈	  	See below:	  	
			
		  	  
	  	
			
		  	  
	  	
			
		  	  
	  	
			
	 ̈	  	Additional sheets attached	  	

 The following is a list of all patents and patent applications in which I have been named as an inventor:

  

					
	 ̈	  	None	  	
			
	 ̈	  	See below:	  	
			
		  	  
	  	
			
		  	  
	  	
			
		  	  
	  	

  
 12EX-10.24

 Exhibit 10.24 
 FIRST AMENDMENT TO OFFICE LEASE BETWEEN YPI 1600 CORPORATE CENTER, LLC 

AND FLEETMATICS USA, LLC 
 THIS FIRST AMENDMENT TO OFFICE LEASE BETWEEN YPI 1600 CORPORATE CENTER, LLC AND FLEETMATICS USA, LLC (“AMENDMENT”) is entered into as of the      day of
            , 2013 (the “Effective Date”), between Robert DeMarke, not personally, but as receiver appointed by the Circuit Court of the Nineteenth Judicial Circuit, Cook
County, Illinois, in Case No. 12 CH 26044, as successor landlord to YPI 1600 Corporate Center, LLC (“Landlord”), and FLEETMATICS USA, LLC (“Tenant”). 
 WHEREAS, Landlord’s successor in interest and Tenant entered into and executed an Office Lease dated October 13, 2011 (the “Office Lease”) with respect to certain office space located
in the premises located at 1600 E. Golf Road, Rolling Meadows, IL (“Building”); and 
 WHEREAS, Robert DeMarke was
appointed as receiver for the Building by the Circuit Court of Cook County, Illinois, in Case No. 12 CH 26044 (“Foreclosure Action”); and 
 WHEREAS, the premises defined in the Office Lease is Suite 800, consisting of 18,410 rentable square feet of office space in the Building (the “Existing Premises”); and 

WHEREAS, Landlord and Tenant desire to amend the Office Lease to, among other things, expand the Premises by
approximately 9,640 rentable square feet on the 7th and
8th Floors of the Building, all in accordance with the
terms and conditions set forth below; and 
 NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the Office Lease is hereby amended as follows: 
  

	 	1.	Effective Date of Amendment. This Amendment shall be effective as of the later of: (i) December 1, 2013 or (ii) upon Substantial Completion of the
Landlord’s Work, as such terms are defined in this Amendment (“Amendment Effective Date”). 

  

	 	2.	 Expansion Premises. Effective on the Amendment Effective Date, Article 1 and Article 2 of the Office Lease are hereby amended to expand the
Premises to include the following: “Approximately 9,640 rentable square feet on the 7th Floor (6,769 rsf) and 8th Floor (2,871 rsf) of the Building, all as shown on the drawing attached hereto as Exhibit A-1. (the “Expansion Premises”).” Commencing on the Amendment Effective Date, all references in
the Office Lease to the “Premises” shall include the Existing Premises and the Expansion Premises. The Expansion Premises shall be used and occupied by Tenant for general office purposes and for no other purpose without the written consent
of Landlord. 

  

	 	3.	Lease Term. The “Lease Term” in Article 1 of the Office Lease is amended to provide that the term of the Office Lease for the Expansion Premises shall expire
on May 31, 2019, concurrently with the term set forth in the Office Lease for the Existing Premises, provided, however, notwithstanding anything to the contrary in the Lease or this paragraph, that the termination option as set forth in
Section 3.5, of the Lease, shall apply only to the Existing Premises and shall not apply to the Expansion Premises. 

  

	 	4.	Basic Rent. Notwithstanding anything to the contrary in the Office Lease, effective on the Amendment Effective Date, Tenant shall pay monthly Basic Rent for the
Expansion Premises, in addition to Basic Rent for the Existing Premises under the Office Lease, at the same Annual Rental Rate Per Square Foot as forth in Article 1 of the Office Lease. Monthly Basic Rent for the lease term for the Expansion
Premises, is set forth on Exhibit B-1 hereto and shall be paid in addition to the Basic Rent for the Existing Premises described in the original Office Lease. 

  
 1 

	 	5.	Rent Abatement. Tenant shall receive rent abatement (including Basic Rent and Expenses and Taxes) for five (5) months beginning on the Amendment Effective
Date for the rentable square feet attributable to the Expansion Premises only. There shall not be any rent abatement for the Existing Premise, which Tenant shall continue to pay as set forth in the original terms of the Office Lease during
any abatement term for the Expansion Premises. 

  

	 	6.	 Additional Rent. Subject to the provisions of Section 7 of this Amendment, Tenant shall pay Tenant’s Share of all Expenses and Taxes,
including, without limitation, its proportionate share of operating expenses and real estate taxes incurred at the Building pursuant to Article 1 and Article 6 of the Office Lease; provided that, effective as of the Amendment Effective Date, the
Tenant’s Share is hereby increased by 3.77% for the Expansion Premises (2.65% for the 7th Floor; and 1.12% for the 8th Floor). Tenant shall continue to pay Tenant’s Share of all Expenses and Taxes for the existing Premises in addition to the percentage attributable to the Expansion Premises.

  

	 	7.	Base Year. The Base Year with respect to the Expansion Premises only shall be the calendar year 2014. 

 

	 	8.	Tenant Improvements. Landlord agrees to make certain improvements in accordance with the Tenant Work Letter attached as Exhibit C-1 attached hereto.
Except as set forth in Exhibit C-1, and as specifically provided in the Tenant Work Letter (which is hereby incorporated into this Amendment), and except as otherwise expressly set forth in the Lease, Tenant shall lease the Expansion Premises
on an “As Is”, “Where Is” basis with all faults, without warranty of any kind, express or implied, including. without limitation, any warranty as to physical condition and Landlord shall have no obligation to improve, remodel,
alter or otherwise modify the Expansion Premises prior to Tenant’s occupancy. Except as expressly set forth in the Lease and this Amendment, no representations, inducements, understanding or anything of any nature whatsoever, made, stated or
represented by Landlord or anyone acting for or on Landlord’s behalf either orally or in writing, have induced Tenant to enter into this Amendment, and Tenant acknowledges, represents and warrants that Tenant has entered into this Amendment
under and by virtue of Tenant’s own independent investigation. If the Expansion Premises are not in all respects entirely suitable for the use or uses to which the Expansion Premises or any part thereof will be put, then it is the sole
responsibility and obligation of Tenant to take such action as may be necessary to place the Expansion Premises in a condition entirely suitable for such use or uses. Landlord represents to Tenant that, to the best of Landlord’s knowledge,
(i) the Expansion Premises is free of asbestos and other hazardous or toxic materials in violation of applicable laws and ordinances and toxic mold and (ii) the air quality of the Expansion Premises meet or exceed current legal
requirements and/or professional standards. TENANT IS NOT RELYING ON ANY EXPRESS OR IMPLIED, ORAL OR WRITTEN REPRESENTATIONS OR WARRANTIES MADE BY LANDLORD, OTHER THAN THOSE EXPRESSLY SET FORTH IN THIS AMENDMENT AND THE LEASE AND TENANT HAS HAD THE
OPPORTUNITY TO INSPECT THE EXPANSION PREMISES. Notwithstanding anything to the contrary herein or in the work letter, the Expansion Premises shall be delivered “as is” , including walls as they exist and utilities as currently delivered
to the Expansion Premises. Tenant shall be responsible for all costs for reconfiguration of the Expansion Premises, including any demising or re-working of utilities subject to funding through the Construction Allowance.

  

	 	9.	 Access to Expansion Premises. Tenant hereby grants Landlord and its employees, agents and contractor’s access to the Existing Premises as
is reasonably necessary to perform the Landlord’s Work. Landlord and Tenant understand and agree that the Landlord’s Work shall be performed while Tenant is in occupancy of the Existing Premises, and that some interference with
Tenant’s operations in the Existing Premises may occur. Landlord therefore agrees that Landlord’s Work on the Expansion Premises on the 8th Floor, adjacent to the Existing Premises, will be performed during non-business hours in a manner sufficient to
minimize any disruption with Tenant’s existing operations. Any overtime expense 

  
 2 

	 	
associated with such after hours work is excluded from the Construction Allowance and is the responsibility of Tenant. Provided, however, that in no event shall any circumstances related to the
work allow Tenant to claim that Landlord has committed any breach, interference with Tenant’s use and enjoyment of the Existing Premises, constructive eviction, or similar wrong, or give Tenant any right of termination, self-help, off-set,
set-off, deduction, or similar remedy. 

  

	 	10.	Court Approval; Lender Approval. Notwithstanding anything to the contrary in this Amendment or the Office Lease, Tenant acknowledges that Receiver is executing
this Amendment in his capacity as court appointed receiver and not personally or as agent for the original landlord. This Amendment shall not be effective, and shall be null and void, until an order is entered in the Foreclosure Action approving the
terms hereof and specifically authorizing Receiver to execute this Amendment. This Amendment is specifically contingent on entry of such an order by the Court. 

 Landlord acknowledges that the terms of this Amendment have been approved by the lender that has instituted the Foreclosure Action. Landlord agrees that it shall use reasonable efforts to obtain a
subordination, attornment and non-disturbance agreement from said lender. 
  

	 	11.	Broker. Tenant represents and warrants to Landlord that it has not dealt with any broker with respect to this Amendment, other than Transwestern. If Tenant has
dealt with any other broker or person with respect to this Amendment, Tenant shall be solely responsible for the payment of any fees due said person or firm and Tenant shall protect, indemnify, hold harmless and defend the other party from any
liability that such other party may incur should such warranty and representation prove incorrect, inaccurate or false. 

  

	 	12.	Estoppel. Tenant warrants, represents and certifies to Landlord that as of the date of this Amendment: (a) to Tenant’s actual knowledge,
Landlord is not in default under the Lease; and (b) to Tenant’s actual knowledge, Tenant does not have any defenses or offsets to payment of rent and performance of its obligations under the Lease as and when same becomes due.

  

	 	13.	Unless specifically amended herein, all terms and conditions of the Lease shall remain in full force and effect. Tenant hereby ratifies the Office Lease, as amended
hereby. 

 IN WITNESS WHEREOF, this First Amendment to Office Lease is executed as of the date first above
written. 
  

			
	 LANDLORD:
  

Robert DeMarke, not personally, but as receiver appointed by the Circuit Court of the Circuit Court of County, Illinois, in Case No. 12 CH
26044,

		
	By:	 	 
		
	Name:	 	 
		
	Its:	 	 

  
 3 

 
			
	 TENANT:
  

FLEETMATICS USA, LLC

		
	By:	 	 
		
	Name:	 	 
		
	Its:	 	 

  
 4 

 EXHIBIT A-1 
 EXPANSION PREMISES 

  
 5 

 EXHIBIT B-1 
 RENT SCHEDULE 
 7th Floor Expansion Space 

 

																	
	 	  	 	 	  	Annual Rental
Rate Per Square
Foot	 	  	Rentable
Square Feet	 	  	Monthly
Basic Rent	 
	 Amendment Effective Date
	  	 	1/31/2014	  	  	 	20.85	  	  	 	6769	  	  	 	11,761	  
	 2/1/2014
	  	 	1/31/2015	  	  	 	21.20	  	  	 	6769	  	  	 	11,959	  
	 2/1/2015
	  	 	1/31/2016	  	  	 	21.55	  	  	 	6769	  	  	 	12,156	  
	 2/1/2016
	  	 	1/31/2017	  	  	 	21.90	  	  	 	6769	  	  	 	12,353	  
	 2/1/2017
	  	 	1/31/2018	  	  	 	22.25	  	  	 	6769	  	  	 	12,551	  
	 2/1/2018
	  	 	1/31/2019	  	  	 	22.60	  	  	 	6769	  	  	 	12,748	  
	 2/1/2019
	  	 	5/31/2019	  	  	 	22.95	  	  	 	6769	  	  	 	12,946	  
					
	8th Floor Expansion Space	  				  				  				  			
	 	  	 	 	  	Annual Rental
Rate Per Square
Foot	 	  	Rentable
Square Feet	 	  	Monthly
Basic Rent	 
	 Amendment Effective Date
	  	 	1/31/2014	  	  	 	20.85	  	  	 	2871	  	  	 	4,988	  
	 2/1/2014
	  	 	1/31/2015	  	  	 	21.20	  	  	 	2871	  	  	 	5,072	  
	 2/1/2015
	  	 	1/31/2016	  	  	 	21.55	  	  	 	2871	  	  	 	5,156	  
	 2/1/2016
	  	 	1/31/2017	  	  	 	21.90	  	  	 	2871	  	  	 	5,240	  
	 2/1/2017
	  	 	1/31/2018	  	  	 	22.25	  	  	 	2871	  	  	 	5,323	  
	 2/1/2018
	  	 	1/31/2019	  	  	 	22.60	  	  	 	2871	  	  	 	5,407	  
	 2/1/2019
	  	 	5/31/2019	  	  	 	22.95	  	  	 	2871	  	  	 	5,491	  

  
 6 

 EXHIBIT C-1 
 TENANT WORK LETTER 

  
 7 

 TENANT WORK LETTER 

 

	1.	This Tenant Work Letter shall set forth the obligations of Landlord and Tenant with respect to certain work in the Expansion Premises. All improvements described in
this Work Letter to be constructed in and upon the Expansion Premises by Landlord are hereinafter referred to as “Landlord’s Work.” Landlord and Tenant acknowledge that Plans (hereinafter defined) for Landlord’s Work have
not yet been prepared and, therefore, it is impossible to determine the exact cost of Landlord’s Work at this time. Accordingly, Landlord and Tenant agree that Landlord’s obligation to pay for the cost of Landlord’s Work shall be
limited to $241,000.00 (which is $25.00 per square foot in the Expansion Premises) (the “Construction Allowance”). The costs of Landlord’s Work shall include, but shall not be limited to, any and all construction related costs
(including labor and materials), demolition costs, architect’s fees, space planner’s fees, engineer’s fees, fees for permits and approvals and any expenditures incurred by Landlord as a result of governmental requirements due to the
Landlord’s Work. Except as otherwise provided in Paragraph 5 below, Tenant shall pay to Landlord any excess of the cost of Landlord’s Work over the amount of the Construction Allowance and all other costs and charges in connection with the
Landlord’s Work for which Tenant is responsible hereunder within fifteen (15) days after Tenant’s receipt of Landlord’s statement of such amounts, to be delivered following Substantial Completion. If the actual cost of
Landlord’s Work is less than the Construction Allowance, Tenant shall not be entitled to any credit, payment or abatement on account thereof. Landlord shall enter into a direct contract for Landlord’s Work with Woodrow Development, Inc. in
accordance with the budget set forth on the attached Exhibit A. In addition, Landlord shall have the right to select and/or approve of any subcontractors used in connection with Landlord’s Work, provided that the approval of Tenant shall be
obtained if the selection of any subcontractors shall increase the amount of the budget shown on Exhibit A. Landlord reserves the right to deduct from the Construction Allowance a construction supervision fee equal to three percent (3%) of the
cost of Landlord’s Work to compensate for its construction management services in connection with Landlord’s Work. Tenant shall not be charged a fee for hoisting, loading dock or freight elevator use during the construction of the
Landlord’s Work. 

  

	2.	Space planning, architectural and engineering (mechanical, electrical and plumbing) drawings for Landlord’s Work shall be prepared at Tenant’s sole cost and
expense as set forth in the budget on the attached Exhibit B, subject to funding through the Construction Allowance. The space planning, architectural and mechanical drawings are collectively referred to herein as the “Plans”. The
Plans shall be based upon (i) construction drawings to be mutually agreed to by Tenant and Landlord and where not otherwise noted in the Plans, in accordance with Building standard finishes. 

 

	3.	Tenant shall deliver to Landlord any information reasonably requested by Landlord and shall deliver to Landlord Tenant’s approval or disapproval of any preliminary
or final layout, drawings, or plans within five (5) Business Days after written request. Any disapproval shall be in writing and shall set forth in reasonable detail the reasons for such disapproval. Tenant and Landlord’s Architect shall
devote such time in consultation with Landlord and Landlord’s engineer as may be required to provide all information Landlord deems reasonably necessary in order to enable Landlord’s Architect and engineer to complete, and obtain
Tenant’s written approval of the Plans for Landlord’s Work within five (5) Business Days after Tenant’s receipt thereof (the “Plans Due Date”). In the event that Tenant fails to approve the Plans by the Plans Due
Date, such failure shall constitute a Tenant Delay (as hereinafter defined) for each day during the period beginning on the day following the Plans Due Date and ending on the date Tenant approves the Plans. Neither the approval of the Plans nor the
supervision of Landlord’s Work by Landlord shall constitute a representation or warranty by Landlord as to the accuracy, adequacy, sufficiency and propriety of the Plans or the quality of workmanship or compliance of Landlord’s Work with
applicable law. 

  
 8 

	4.	Prior to commencing any construction of Landlord’s Work, Landlord shall submit to Tenant a written estimate setting forth the anticipated cost of Landlord’s
Work, including but not limited to labor and materials, architect’s fees, contractor’s fees and permit fees. Within five (5) Business Days thereafter, Tenant shall either notify Landlord in writing of its approval of the cost
estimate, or specify its objections thereto in reasonable detail and any desired changes to the proposed Landlord’s Work. In the event Tenant notifies Landlord of such objections and desired changes, Tenant shall work with Landlord in good
faith to alter the scope of Landlord’s Work in order to reach a mutually acceptable alternative cost estimate. 

  

	5.	If the actual cost of Landlord’s Work shall exceed the maximum Construction Allowance (such excess being herein referred to as the “Excess
Costs”), Tenant shall pay to Landlord such Excess Costs within fifteen (15) days after Landlord’s written demand. Landlord shall not be required to proceed with Landlord’s Work if Tenant fails to pay such Excess Costs and any
delay in the completion of Landlord’s Work due to a delay by Tenant in making such payment shall be deemed a Delay pursuant to the Lease. The statements of costs submitted to Landlord by Landlord’s contractors shall be conclusive for
purposes of determining the actual cost of the items described therein. Excess Costs constitute Rent payable pursuant to the Lease, and the failure to timely pay same constitutes an Event of Default under the Lease. 

 

	6.	If Tenant shall request any changes to Landlord’s Work that are approved by Landlord (“Change Orders”), Landlord shall have any necessary
revisions to the Plans prepared, and Tenant shall reimburse Landlord on demand for the reasonable cost of preparing such revisions. Landlord shall notify Tenant in writing of the estimated increased cost, if any, which will be chargeable to Tenant
by reason of such Change Orders, and which cost shall include a construction fee equal to three percent (3%) of the cost of such additional work to compensate Landlord for its construction management services in connection with such Change
Orders. The increased cost shall be deemed Excess Costs hereunder and shall be subject to the provisions of Paragraph 5 above. Tenant shall, within one three (3) Business Day after receiving Landlord’s estimate of the cost of the
Change Order, notify Landlord in writing whether it desires to proceed with such Change Order. In the absence of such written authorization, Landlord shall have the option to continue work on the Premises disregarding the requested Change Order, or
Landlord may elect to discontinue work on the Premises until it receives notice of Tenant’s decision, in which event Tenant shall be responsible for any delay in completion of Landlord’s Work resulting therefrom. 

 

	7.	Following approval of the Plans and the payment by Tenant of the required portion of the Excess Costs, if any, Landlord shall cause Landlord’s Work to be
constructed substantially in accordance with the approved Plans, so long as no default shall occur under the Lease (after the expiration of any applicable grace or cure period). Landlord shall notify Tenant upon Substantial Completion of
Landlord’s Work. The phrase “Substantial Completion” shall mean that (i) Landlord’s Work has been completed except for such incomplete items as would not materially interfere with the use of the Expansion Premises for
the Permitted Use (the “Punchlist Items”) and (ii) a certificate of occupancy has been issued by the applicable municipal authority, if, and only if, a certificate of occupancy is required for occupancy. Notwithstanding
anything to the contrary in the Amendment, the Expansion Premises shall be delivered in compliance with all applicable codes. 

  

	8.	If Landlord shall be delayed in Substantially Completing Landlord’s Work as a result of the occurrence of any of the following (a “Tenant Delay”):

  

	 	(a)	Tenant’s failure to furnish information in accordance with this Work Letter or to respond to any request by Landlord for any approval or information within any
time period prescribed, or if no time period is prescribed, then within three (3) Business Days of such request; or 

  

	 	(b)	Tenant’s request for materials, finishes or installations that have long lead times after having first been informed by Landlord that such materials, finishes or
installations will cause a delay; or 

  

	 	(c)	Changes in any plans and specifications requested by Tenant; or 

  
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	(d)	The performance or nonperformance by a person or entity employed by or on behalf of Tenant in the completion of any work in the Premises (all such work and such persons
or entities being subject to prior approval of Landlord); or 

  

	(e)	Any request by Tenant that Landlord delay the completion of any component of Landlord’s Work; or 

 

	(f)	Any breach or default by Tenant in the performance of Tenant’s obligations under this Lease; or 

 

	(g)	Tenant’s failure to pay any amounts as and when due under this Work Letter; or 

 

	(h)	Any other delay chargeable to Tenant, its agents, employees or independent contractors; 

Then at Landlord’s option, for purposes of determining the Adjusted Commencement Date, the date of Substantial Completion shall
be deemed to be the day that Landlord’s Work would have been substantially completed absent any such Delay. The Commencement Letter, or such other written agreement, shall identify any Punchlist Items as reasonably determined by Landlord and
Tenant, which Punchlist Items Landlord shall promptly remedy. Tenant, within five (5) days after receipt thereof from Landlord, shall execute the Commencement Letter and return the same to Landlord. 

  
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