Document:

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                                                                    Exhibit 10.5

                                                               EXECUTION VERSION

                               GUARANTY AGREEMENT

          THIS GUARANTY AGREEMENT (this "Guaranty") dated as of November 9, 2005
by and among Global Traffic Network, Inc., a Delaware corporation, Global
Traffic Canada, Inc., a Delaware corporation, and The Australia Traffic Network
Pty Limited, an Australian proprietary company registered under the Corporation
Law of New South Wales, Australia (collectively, the "Guarantors") and Metro
Networks Communications, Inc., a Maryland corporation (the "Lender").

                                    RECITALS

          A. The Lender is loaning 2,000,000 United States Dollars (USD) (the
"Loan") to Canadian Traffic Network ULC, an Alberta business corporation (the
"Borrower") pursuant to the terms of that certain senior note purchase
agreement, dated as of November 9, 2005, (the "Senior Note Purchase Agreement"),
by and between the Borrower and the Lender, to be evidenced by a senior secured
note in an aggregate principal amount of 2,000,000 USD, payable to the Lender in
accordance with the terms thereof (as the same may be amended, restated,
modified or supplemented and in effect from time to time, the "Senior Note").

          B. The Guarantors are affiliated companies of the Borrower.

          C. To induce the Lender to make the Loan, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Guarantors have agreed (to the extent hereinafter provided) to
guarantee the Guaranteed Obligations (as hereinafter defined).

                                    AGREEMENT

          NOW, THEREFORE, in consideration of the foregoing, and the mutual
covenants and undertaking contained herein, the parties hereto agree as follows:

          Section 1. Definitions. As used herein, the term "Guaranteed
Obligations" shall mean, collectively, the principal of and interest on the
Senior Note made by the Lender to the Borrower and all other amounts from time
to time owing to the Lender by the Borrower under the Senior Note. The term
"Security Agreement" shall mean the Security Agreement, dated as of November 9,
2005 by and among the Borrower and the Lender.

          Section 2. The Guarantee.

          2.01 Guarantee. The Guarantors hereby irrevocably and unconditionally
guarantee, as principal and not as surety, to the Lender and its successors and
assigns, the prompt payment in full when due (whether at stated maturity, by
acceleration or otherwise) of the Guaranteed Obligations, in each case strictly
in accordance with the terms thereof. The Guarantors hereby further agree that
if the Borrower shall fail to pay in full when due (whether at stated maturity,
by acceleration or otherwise) any of the Guaranteed Obligations, the Guarantors
will promptly pay the same, without any demand or notice whatsoever, and that in
the case of

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any extension of time of payment or renewal of any of the Guaranteed
Obligations, the same will be promptly paid in full when due (whether at
extended maturity, by acceleration or otherwise) in accordance with the terms of
such extension or renewal.

          2.02 Obligations Unconditional. The obligations of the Guarantors
under Section 2.01 hereof are absolute, unconditional and irrevocable under any
and all circumstances, irrespective of the value, genuineness, validity,
regularity or enforceability of the Security Agreement, the Senior Note or any
other agreement or instrument referred to herein or therein, any change in the
time, manner or place of performance of, or in any other term of any or all of
the Guaranteed Obligations, any substitution, release or exchange of any other
guarantee of or security for any of the Guaranteed Obligations, and, to the
fullest extent permitted by applicable law, irrespective of any other
circumstance whatsoever which might otherwise constitute a legal or equitable
discharge or defense of a surety or guarantor, it being the intent of this
Section 2.02 that the obligations of the Guarantors hereunder shall be absolute
and unconditional under any and all circumstances. Without limiting the
generality of the foregoing, it is agreed that the occurrence of any one or more
of the following shall not affect the liability of the Guarantors hereunder:

          (i) at any time or from time to time, without notice to the
     Guarantors, the time for any performance of or compliance with any of the
     Guaranteed Obligations shall be extended, or such performance or compliance
     shall be waived;

          (ii) any of the acts mentioned in any of the provisions of this
     Guaranty, the Security Agreement, the Senior Note or any other agreement or
     instrument referred to herein or therein shall be done or omitted;

          (iii) the maturity of any of the Guaranteed Obligations shall be
     accelerated, or any of the Guaranteed Obligations shall be modified,
     supplemented or amended in any respect, or any right under the Security
     Agreement, the Senior Note or any other agreement or instrument referred to
     herein or therein shall be waived or any other guarantee of any of the
     Guaranteed Obligations or any security therefor shall be released or
     exchanged in whole or in part or otherwise dealt with; or

          (iv) the lien or security interest granted to, or in favor of, the
     Lender as security for any of the Guaranteed Obligations shall fail to be
     perfected or shall expire, be released or become unenforceable.

          2.03 Waiver. The Guarantors hereby expressly waive diligence,
presentment, demand for payment, protest and all notices whatsoever, and any
requirement that the Lender exhaust any right, power or remedy or proceed
against the Borrower under the Security Agreement, the Senior Note or any other
agreement or instrument referred to herein or therein, or against any other
person under any other guarantee of, or security for, any of the Guaranteed
Obligations.

          2.04 Reinstatement. The obligations of the Guarantors under this
Section 2 shall be automatically reinstated if and to the extent that for any
reason any payment by or on behalf of the Borrower in respect of the Guaranteed
Obligations is rescinded or must be

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otherwise restored by any holder of any of the Guaranteed Obligations, whether
as a result of any proceedings in bankruptcy or reorganization or otherwise, and
the Guarantors agree that they will indemnify the Lender on demand for all costs
and expenses (including, without limitation, fees of counsel) incurred by the
Lender in connection with such rescission or restoration.

          2.05 Effectiveness of Guarantee. To the fullest extent permitted by
applicable law, the guarantee of the Guarantors under this Section 2 shall be a
guarantee of payment and not of collection or collectibility and shall apply to
all Guaranteed Obligations whenever arising.

          2.06 Waiver of Subrogation, Reimbursement and Contribution Rights. (a)
Until such time as the Guaranteed Obligations are indefeasibly paid in full, the
Guarantors hereby irrevocably waive, to the fullest extent permitted by
applicable law, all claims or rights of subrogation and reimbursement, that the
Guarantors now have or may have in the future against the Borrower, at law or in
equity (including, but not limited to, any law subrogating the Guarantors to the
rights of the Borrower or any third party with respect to the Guaranteed
Obligations), including, but not limited to, all claims or rights of
contribution, indemnification or any other form of reimbursement, that the
Guarantors now have or may have in the future against the Borrower, any other
guarantor of any of the Guaranteed Obligations or other person or entity now or
hereafter primarily or secondarily liable for any of the Guaranteed Obligations.

          (b) The Guarantors acknowledge and agree that this waiver is intended
to benefit the Lender and shall not limit or otherwise effect the Guarantors'
liability hereunder or the enforceability of this Guaranty, and that the Lender
and its respective successors and assigns are intended third-party beneficiaries
of the waivers and agreements set forth in this Section 2.06 and their rights
under this Section 2.06 shall survive payment in full of the Guaranteed
Obligations. The foregoing waiver shall not be deemed to limit or prohibit the
payment of indebtedness or other obligations of the Guarantors to any person
which is incurred in the ordinary course of business and which is otherwise
permitted under this Guaranty.

          2.07 Modification of Guaranteed Obligations. The Guarantors hereby
acknowledge and agree that the Lender may at any time or from time to time, with
or without the consent of, or notice to the Guarantors:

          (a) change or extend the manner, place or terms of payment of, or
renew or alter all or any portion of, the Guaranteed Obligations;

          (b) take any action under or in respect of the Security Agreement, the
Senior Note or any other agreement or instrument referred to herein in the
exercise of any remedy, power or privilege contained therein or available to it
at law, equity or otherwise, or waive or refrain from exercising any such
remedies, powers or privileges;

          (c) amend or modify, in any manner whatsoever, the Security Agreement,
the Senior Note or any other agreement or instrument referred to therein or
herein;

          (d) extend or waive the time for the Borrower's performance of, or
compliance with, any term, covenant or agreement on its part to be performed or
observed under the Security Agreement, the Senior Note or any other agreement or
instrument referred to herein,

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or waive such performance or compliance or consent to a failure of, or departure
from, such performance or compliance;

          (e) take and hold collateral for the payment of the Guaranteed
Obligations guaranteed hereby or sell, exchange, release, dispose of, or
otherwise deal with, any property pledged, mortgaged or conveyed, or in which
the Lender has been granted a lien, to secure any Guaranteed Obligations;

          (f) release anyone who may be liable in any manner for the payment of
any amounts owed by the Guarantors to the Lender;

          (g) modify or terminate the terms of any intercreditor or
subordination agreement pursuant to which claims of other creditors of the
Guarantors are subordinated to the claims of the Lender; and/or

          (h) apply any sums by whomever paid or however realized to any amounts
owing by the Guarantors to the Lender in such manner as the Lender shall
determine in its sole discretion;

and the Lender shall not incur any liability to the Guarantors as a result
thereof, and no such action shall impair or release the Guaranteed Obligations
of the Guarantors under this Guaranty.

          2.08 Remedies. The Guarantors agree that, as between the Guarantors
and the Lender, the obligations of the Borrower under the Senior Note may be
declared to be forthwith due and payable as provided in the Senior Note for
purposes of Section 2.01 hereof notwithstanding any stay, injunction or other
prohibition preventing such declaration (or such obligations from becoming
automatically due and payable) as against the Borrower and that, in the event of
such declaration (or such obligations being deemed to have become automatically
due and payable), such obligations (whether or not due and payable by the
Borrower) shall forthwith become due and payable by the Guarantors for purposes
of said Section 2.01.

          2.09 Election of Remedies. If the Lender may, under applicable law,
proceed to realize benefits under the Security Agreement giving the Lender a
lien upon any collateral owned by the Borrower, either by judicial foreclosure
or by non-judicial sale or enforcement, the Lender may, at its sole option,
determine which of such remedies or rights it may pursue without affecting any
of such rights and remedies under this Guaranty. If, in the exercise of any of
its rights and remedies, the Lender shall forfeit any of its rights or remedies,
including its right to enter a deficiency judgment against either the Borrower
or Guarantors, whether because of any applicable laws pertaining to "election of
remedies" or the like, the Guarantors hereby consent to such action by the
Lender and waive any claim based upon such action, even if such action by the
Lender shall result in a full or partial loss of any rights of subrogation which
the Guarantors might otherwise have had but for such action by the Lender. Any
election of remedies which results in the denial or impairment of the right of
the Lender to seek a deficiency judgment against either the Borrower or
Guarantors shall not impair the Guarantors' obligation to pay the full amount of
the Guaranteed Obligations. In the event the Lender shall bid at any foreclosure
or trustee's sale or at any private sale permitted by law or the Security
Agreement, the Lender may bid all or less than the amount of the Guaranteed
Obligations and the amount of such bid

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need not be paid by the Lender but shall be credited against the Guaranteed
Obligations. The amount of the successful bid at any such sale shall be
conclusively deemed to be the fair market value of the collateral and the
difference between such bid amount and the remaining balance of the Guaranteed
Obligations shall be conclusively deemed to be the amount of the Guaranteed
Obligations guaranteed under this Guaranty, notwithstanding that any present or
future law or court decision or ruling may have the effect of reducing the
amount of any deficiency claim to which the Lender might otherwise be entitled
but for such bidding at any such sale.

          2.10 Limitation on Indebtedness. The Guarantors agree that they shall
not collectively create, assume, incur or in any manner be or become liable in
respect of or permit to exist any Indebtedness (as such term is defined in the
Senior Note Purchase Agreement) in an amount that exceeds the lesser of (i)
Twenty Million United States Dollars (20,000,000 USD) or (ii) 500% of EBITDA for
the most recently completed fiscal year of Global Traffic Network, Inc.,
measured on a consolidated basis. For purposes hereof, "EBITDA" means revenues,
net of agency commissions and any other directly chargeable contract costs, less
all selling costs and other direct and indirect operating expenses incurred,
before interest, taxes, depreciation and amortization, recorded in accordance
with generally accepted accounting principles.

          Section 3. Representations and Warranties. Each Guarantor represents
and warrants to the Lender as follows:

          3.01 Organization. Such Guarantor is a company duly organized, validly
existing and in good standing under the laws of the jurisdiction of its
organization. Such Guarantor has all requisite power and authority to conduct
its business as it is now being conducted.

          3.02 Authorization; Enforcement. Such Guarantor has the full entity
power and authority to enter into and perform its obligations under this
Guaranty. Such Guarantor has duly authorized by all necessary action, the
execution, delivery and performance of this Guaranty and this Guaranty will not
contravene or conflict with such Guarantor's charter documents. Such Guarantor
has duly executed and delivered this Guaranty, and this Guaranty constitutes a
legal, valid and binding obligation of such Guarantor, as the case may be,
enforceable against it, in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium, liquidation or similar laws relating to, or
affecting generally the enforcement of, creditors' rights and remedies or by
other equitable principles of general application. No consent or approval of any
governmental or regulatory agency or board, foreign or domestic, or any other
person or entity is or will be required in connection with the execution and
delivery of this Guaranty or the performance of such Guarantor's obligations as
contemplated hereby.

          Section 4. Miscellaneous.

          4.01 No Waiver. No failure on the part of the Lender or any of its
agents to exercise, and no course of dealing with respect to, and no delay in
exercising, any right, power or remedy hereunder shall operate as a waiver
thereof; nor shall any single or partial exercise by the Lender or any of its
agents of any right, power or remedy hereunder preclude any other or further

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exercise thereof or the exercise of any other right, power or remedy. The
remedies herein are cumulative and are not exclusive of any remedies provided by
law.

          4.02 Amendments, Etc. The terms of this Guaranty may be waived,
altered or amended only by an instrument in writing duly executed by the
Guarantors and the Lender, and any such amendment or waiver shall be binding
upon them.

          4.03 GOVERNING LAW. THIS GUARANTY SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO
PRINCIPLES OF CONFLICTS OF LAW.

          4.04 VENUE. THE GUARANTORS AGREE THAT ALL ACTIONS OR PROCEEDINGS
ARISING DIRECTLY, INDIRECTLY OR OTHERWISE IN CONNECTION WITH, OUT OF, RELATED TO
OR FROM THIS GUARANTY SHALL BE LITIGATED, AT THE LENDER'S SOLE DISCRETION AND
ELECTION, ONLY IN COURTS HAVING A SITUS WITHIN THE COUNTY OF NEW YORK, STATE OF
NEW YORK. THE GUARANTORS HEREBY CONSENT AND SUBMIT TO THE JURISDICTION OF ANY
FEDERAL COURT LOCATED WITHIN SAID COUNTY AND STATE, OR IF FEDERAL COURT IS NOT
AVAILABLE, STATE COURT LOCATED WITHIN SAID COUNTY AND STATE. THE GUARANTORS
HEREBY WAIVE ANY RIGHT IT MAY HAVE TO TRANSFER OR CHANGE THE VENUE OF ANY
LITIGATION BROUGHT AGAINST IT BY THE LENDER ON THIS GUARANTY IN ACCORDANCE WITH
THIS PARAGRAPH.

          4.05 JURY TRIAL WAIVER. THE GUARANTORS, AND THE LENDER BY ITS
ACCEPTANCE OF THIS GUARANTY, HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A TRIAL BY
JURY IN ANY ACTION OR PROCEEDING BASED UPON, OR RELATED TO, THE SUBJECT MATTER
OF THIS GUARANTY. THIS WAIVER IS KNOWINGLY, INTENTIONALLY AND VOLUNTARILY MADE
BY THE GUARANTORS AND BY THE LENDER, AND THE GUARANTORS ACKNOWLEDGE THAT NEITHER
THE NOR ANY PERSON ACTING ON BEHALF OF THE LENDER HAS MADE ANY REPRESENTATIONS
OF FACT TO INCLUDE THIS WAIVER OF TRIAL BY JURY OR HAS TAKEN ANY ACTIONS WHICH
IN ANY WAY MODIFY OR NULLIFY ITS EFFECT. THE GUARANTORS AND THE LENDER
ACKNOWLEDGE THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO THIS
GUARANTY, THAT EACH OF THEM HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO
THIS GUARANTY AND THAT EACH OF THEM WILL CONTINUE TO RELY ON THIS WAIVER IN
THEIR RELATED FUTURE DEALINGS. THE GUARANTORS AND THE LENDER FURTHER ACKNOWLEDGE
THAT THEY HAVE BEEN REPRESENTED (OR HAVE HAD THE OPPORTUNITY TO BE REPRESENTED)
IN THE SIGNING OF THIS GUARANTY AND IN THE MAKING OF THIS WAIVER BY INDEPENDENT
LEGAL COUNSEL.

          4.06 Notices. Notices hereunder shall be deemed to have been received
(i) upon delivery, if delivered in person, or (ii) on the next Business Day
after dispatch, if sent by

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nationally recognized, overnight courier. Notices sent by facsimile transmission
shall be deemed to have been received on the date sent if a Business Day (or, if
not sent on a Business Day, on the next Business Day after the date sent by
telecopy), provided that the sender has a confirmed receipt. Notices sent by
registered or certified mail, postage prepaid shall be deemed to have been
received on the fifth Business Day following the mailing thereof. The addresses
for such communications shall be (i) with respect to the Guarantors, addressed
to The Australia Traffic Network Pty Limited, 7521 West Lake Mead Boulevard,
Suite 300, Las Vegas, NV 89128, Attention: William Yde, Facsimile No.: (702)
562-4001; Global Traffic Network, Inc., 7521 West Lake Mead Boulevard, Suite
300, Las Vegas, NV 89128, Attention: William Yde, Facsimile No.: (702) 562-4001;
and Global Traffic Canada, Inc., 7521 West Lake Mead Boulevard, Suite 300, Las
Vegas, NV 89128, Attention: William Yde, Facsimile No.: (702) 562-4001 and (ii)
with respect to the Lender, addressed to Metro Networks Communications, Inc., 40
West 57th Street, 15th Floor, New York, New York 10019, Attention: EVP, Business
Affairs and Business Development, Facsimile No: (212) 641-2154, with a copy to
the General Counsel, Facsimile No: (212) 641-2198, or to such other address or
facsimile number as any such party shall designate in writing to the other.

          4.07 Waivers. etc. The terms of this Guaranty may be waived, altered
or amended only by an instrument in writing duly executed by the Guarantors and
the Lender. Any such amendment or waiver shall be binding upon the Lender and
the Guarantors. No amendment, release or modification of the provisions of this
Guaranty shall be established by conduct, custom or course of dealing.

          4.08 Further Assurances. The Guarantors agree, upon the written
request of the Lender, to execute and deliver to the Lender, from time to time,
any additional instruments or documents considered necessary by the Lender to
cause this Guaranty to be, become or remain valid and effective in accordance
with its terms.

          4.09 Severability. The invalidity, illegality, or unenforceability in
any jurisdiction of any provision of this Guaranty shall not affect or impair
the remaining provisions of this Guaranty.

          4.10 Termination. This Guaranty is a continuing guaranty and shall
remain in full force and effect until the full and indefeasible payment and
cancellation of the debt evidenced by each of the Senior Note (the "Termination
Date"). Upon the Termination Date, the Lender shall deliver to the Guarantors
such documents as the Guarantors may reasonably request to evidence such
termination.

          4.11 Headings. The section and paragraph headings contained in this
Guaranty are included for convenience of reference only and shall not have any
effect on the construction or interpretation of the content of this Guaranty.

          4.12 Successors and Assigns. This Guaranty shall be binding upon and
inure to the benefit of the respective successors and assigns of the Guarantors,
the Lender and each holder of any of the Guaranteed Obligations; provided,
however, that the Guarantors shall not assign or transfer its rights hereunder
without the prior written consent of the Lender.

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          4.13 Counterparts. This Guaranty may be executed in any number of
counterparts, including via facsimile, all of which together shall constitute
one and the same instrument and any of the parties hereto may execute this
Guaranty by signing any such counterpart.

                [Remainder of page is intentionally left blank.]

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          IN WITNESS WHEREOF, the parties hereto have caused this Guaranty to be
duly executed as of the day and year first above written.

                                       GUARANTORS:

                                       GLOBAL TRAFFIC NETWORK, INC.

                                       By:  /s/ William L. Yde III
                                           ------------------------------------
                                       Name: William L. Yde III
                                             ----------------------------------
                                       Title: President
                                              ---------------------------------

                                       GLOBAL TRAFFIC CANADA, INC.

                                       By:  /s/ William L. Yde III
                                           ------------------------------------
                                       Name: William L. Yde III
                                             ----------------------------------
                                       Title: President
                                              ---------------------------------

                                       THE AUSTRALIA TRAFFIC NETWORK PTY LIMITED

                                       By:  /s/ William L. Yde III
                                           ------------------------------------
                                       Name: William L. Yde III
                                             ----------------------------------
                                       Title: Managing Director
                                              ---------------------------------

                                       LENDER:

                                       METRO NETWORKS COMMUNICATIONS, INC.

                                       By: /s/ Gary Worobow
                                           ------------------------------------
                                       Name: Gary Worobow
                                             ----------------------------------
                                       Title: EVP
                                              ---------------------------------<PAGE>
                                                                    Exhibit 10.6

                                                               EXECUTION VERSION

                      MUTUAL SALES REPRESENTATION AGREEMENT

     THIS MUTUAL SALES REPRESENTATION AGREEMENT dated November 9, 2005 (this
"Agreement"), is entered into by and between Metro Networks Communications,
Limited Partnership, a Delaware limited partnership, ("Metro") and Canadian
Traffic Network ULC, an Alberta business corporation (the "CTN"). Each of Metro
and CTN are referred to herein as a "party" and collectively, as the "parties."
Capitalized terms used in this Agreement and not defined in the text thereof
shall have the meaning set forth in Annex A hereto.

     WHEREAS, each of the parties is a leading provider of traffic and
information reports to its Affiliates conducting its operations, in the case of
Metro, primarily in the United States and, in the case of CTN, primarily in
Canada;

     WHEREAS, the parties desire to enter into a mutually agreeable arrangement
to provide them with a significant opportunity to increase their advertising
sales by utilizing the domestic resources of the other party;

     WHEREAS, in order to realize such synergies, CTN desires to engage Metro,
and Metro desires to engage CTN, to act as its non-exclusive sales
representative for sales of commercial inventory on the other party's respective
network ("Advertising Time") and for such other services and responsibilities as
specified in this Agreement; and

     WHEREAS, each party desires to act as the other's non-exclusive sales
representative upon the terms and provisions and subject to the conditions set
forth herein.

     NOW, THEREFORE, for good and valuable consideration, the receipt and legal
adequacy of which is hereby acknowledged, and intending to be legally bound
hereby, the parties agree as follows:

     1. ENGAGEMENT. Pursuant to the terms and conditions of this Agreement, each
party hereby agrees to use its reasonable efforts to sell the Advertising Time
of the other party to advertisers whose principal place of business is located
in Seller's Territory during the Term. For purposes hereof, the United States
shall be the territory of Metro for selling CTN's Advertising Time (the "Metro
Territory") and Canada shall be the territory of CTN for selling Metro's
Advertising Time (the "CTN Territory" and with the Metro Territory, the
"Territories"; each, a "Territory"). When a sale involves Advertising Time in
both Territories, such sale shall be referred to as a "Mutual Sale."

     2. ACTIVITIES; OBLIGATIONS. Each party hereto agrees that with respect to
its own Territory, it shall undertake the following activities and have the
following responsibilities and obligations:

          2.1 It shall use its reasonable efforts to sell Advertising Time in
its Territory.

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          2.2 It shall be solely responsible for invoicing its advertisers for
the Advertising Time it sells on a monthly basis, upon the later of (i) 15 days
after the end of the standard broadcast month or (ii) seven (7) days after its
receipt of Affidavits of Performance from Seller, and shall use its commercially
reasonable efforts to collect all amounts due thereunder on an expeditious
basis.

          2.3 It alone shall bear full responsibility for any bad debts or
partial payments or other risk of loss resulting from the sale or broadcast of
Advertising Time on its network.

          2.4 It shall furnish and retrieve Affidavits of Performance from its
Affiliates for Advertising Time broadcast on its network and provide such
Affidavits of Performance and any other customary documentation reasonably
requested by Seller, to the Seller in such format and at such times as
reasonably requested by Seller.

          2.5 All sales of Metro's Advertising Time by CTN in the CTN Territory
("CTN US Sales") shall be subject in all respects to Metro's standard terms and
conditions, as such may be modified from time to time, in the sole discretion of
Metro. Metro may at any time reject any order of a CTN US Sale for any
commercially reasonable reason. Once a CTN US Sale is approved, a confirmation
order setting forth the terms and conditions of such sale, as determined by
Metro in its sole discretion, shall be executed by Metro and Seller.

          2.6 All sales of CTN's Advertising Time by Metro in the Metro
Territory ("Metro Canada Sales") shall be subject in all respects to CTN's
standard terms and conditions, as such may be modified from time to time, in the
sole discretion of CTN. CTN may at any time reject any order of a Metro Canada
Sale for any commercially reasonable reason. Once a Metro Canada Sale is
approved, a confirmation order setting forth the terms and conditions of such
sale, as determined by CTN in its sole discretion, shall be executed by CTN and
Seller.

          2.7 In addition to the foregoing, when there exists an opportunity for
a Mutual Sale, the parties shall cooperate to the extent practicable to make
such sale. Once the sale is made, each party shall be responsible for such
actions and obligations with respect to its Territory as described herein.

     3. COMPENSATION.

          3.1. In consideration of the services to be provided by the parties
hereunder, each party shall be compensated with a monthly fee (the "Monthly
Fee") in an amount equal to 15% of Collections. In the case of CTN US Sales, CTN
shall remit to Metro 85% of Collections received by CTN in the CTN Territory in
a standard broadcast month, and retain the balance as its Monthly Fee. In the
case of Metro Canada Sales, Metro shall remit to CTN 85% of Collections received
by Metro in the Metro Territory in a standard broadcast month, and retain the
balance as its Monthly Fee. Within 60 days of each standard broadcast month,
each party shall remit such Collections due to the other party as described in
this Section along with a

                                        2

<PAGE>

monthly report detailing its sales of Advertising Time and Collections for such
broadcast month, including any uncollected amounts.

          3.2 Notwithstanding the expiration or termination of this Agreement,
if at the end of the Term, any funds are owing to a party but have not yet
collected, Seller shall continue to use its commercially reasonable efforts to
collect such funds and shall remit to the other 85% of the Collections related
to the sale of the other party's Advertising Time which occurred on or prior to
the expiration of the Term. Any advertiser contract for the purchase of
Advertising Time in the Territories entered into during the Term, which extends
beyond the Term, shall be honored by the parties and the parties shall be
compensated their respective Monthly Fee and Collections thereon.

          3.3 Except as expressly provided otherwise in this Agreement, each
party shall bear all costs and expenses incurred by it under this Agreement.

     4. AUDIT RIGHTS. In order for the parties to confirm compliance by the
other with the terms and provisions of this Agreement, each party shall have the
right, during regular business hours and upon reasonable prior written notice to
the other party, but no more frequently than once during any twelve (12)-month
period, to examine, at the requesting party's sole cost and expense, appropriate
portions of the other party's books and records for the sole purpose of
confirming the performance of the other party's obligations under this
Agreement. If, after any such examination, the requesting party believes it is
entitled to be paid any additional amount by the other party it shall notify the
other party in writing (the "Deficiency Notice"), which notice shall include the
written results of the requesting party's examination, whereupon the parties
shall negotiate in good faith and use their best efforts to resolve the dispute.
If the parties' investigation reveals an underpayment of amount, such amount
shall be paid in full promptly. If such dispute is not resolved within 45 days
after the delivery of the Deficiency Notice, either party may request
non-binding mediation or arbitration prior to pursuing legal action.

     5. NON-COMPETE. During the Term, neither CTN, ATN, GTC nor GTN
(collectively, the "CTN Parties") shall compete with Metro or any of its
Affiliated Entities in the United States, including, without limitation, in any
of the following: (i) the management or operation of a traffic, news, weather,
sports, entertainment or other information report gathering or broadcast
service; (ii) soliciting Sponsors and dealing with accounts with respect
thereto; (iii) soliciting Business Affiliates to enter into any contract or
arrangement with any person or entity to provide traffic, news, weather, sports
or other information report gathering or broadcast services; (iv) the sale or
packaging of Competitive Broadcast Advertising Vehicles; or (v) forming or
providing operational assistance to any business or a division of any business
engaged in the foregoing activities. Further, none of the CTN Parties, nor any
of their respective Affiliated Entities, shall (i) sell Advertising Time for any
direct or indirect competitor of Metro or any of its Affiliated Entities or (ii)
permit any of their Advertising Time to be sold directly or indirectly to
Traffic.com, Inc. or its Affiliated Entities or Clear Channel Communications,
Inc. or its Affiliated Entities. Except as set forth above, the parties
acknowledge that CTN generates the majority of its revenue from the sale of
Advertising Time and accordingly, the parties agree that

                                        3

<PAGE>

CTN may solicit in the United States and elsewhere sales of Advertising Time to
be broadcast in Canada and that such activity shall not be considered a
restricted activity for purposes of this Section 5.

     6. CONFIDENTIALITY.

          6.1. Each of the parties shall retain in confidence and not disclose
to any third party any information provided by the other which is designated as
confidential or proprietary ("Confidential Information"). Confidential
Information shall be used by the parties solely with respect to the purposes of
this Agreement. The following information is expressly designated as
Confidential Information: pricing terms; names and identifying information of
existing and potential clients; employee lists; marketing and sales methods and
technologies; sales and expense data; trade secrets; market information;
business plans and fiscal projections.

          6.2. Notwithstanding anything herein to the contrary, Confidential
Information shall not include information that (i) is published or otherwise
publicly known at the time of its disclosure or becomes publicly known through
no fault or breach of this Agreement by the party receiving such information
hereunder; (ii) is lawfully received by the receiving party from a third party
who may such information without restriction and owes no fiduciary duty of
confidentiality to the disclosing party; (iii) was already known by the
receiving party prior to its receipt of the information without an obligation of
confidentiality and is provable by documentation to such effect; (iv) is
independently developed by the receiving party without reference or access to
such information; or (v) is required to be disclosed pursuant to any applicable
law, rule or regulation, court order, subpoena or similar judicial or regulatory
process; provided, that, in the case of clause (v), the receiving party shall
give the disclosing party prompt prior notice of the intended disclosure to
provide the disclosing party with the opportunity to seek a protective order or
other appropriate remedy.

          6.3. The parties hereto agree that the remedy at law for any breach of
the obligations under this Section 6 would be inadequate and that any enforcing
party shall be entitled to injunctive or other equitable relief (without bond or
undertaking) in any proceeding which may be brought to enforce any provisions of
this Section. The provisions of this Section and the obligations of the parties
thereunder shall survive any termination of this Agreement.

     7. TERM; TERMINATION. The Initial Term of this Agreement shall commence as
of the date hereof and end on the third anniversary of the date hereof, and
shall be renewed for successive one-year periods (each, a "Renewal Term") unless
either party notifies the other of its intent to terminate this Agreement at
least 90 days prior to the expiration of the Term. Notwithstanding the
foregoing, either party (with the exception of clause (e) which shall apply only
to the CTN Parties) shall have the right to terminate this Agreement, prior to
the end of the Term, upon written notice to the other party hereto, after the
occurrence of any of the following events:

                                        4

<PAGE>

          (a)  any representation or warranty made by the other party and set
               forth herein shall prove to be materially false, incorrect or
               misleading as of the time made;

          (b)  the voluntary or involuntary commencement of bankruptcy,
               insolvency, reorganization or similar proceedings with respect to
               such other party; provided that in the case of involuntary
               proceedings, such proceedings are not stayed or dismissed within
               30 days after the commencement thereof;

          (c)  the liquidation or dissolution of such other party or the
               appointment of a receiver or trustee over all or a substantial
               portion of such other party's properties and assets;

          (d)  a breach by such other party of a material term or provision
               hereof or the failure to observe or perform any material term,
               provision, covenant or agreement set forth herein to be observed
               or prepared by such party, and the failure to cure such breach or
               remedy such failure within ten days after receipt of written
               notice thereof; or

          (e)  Metro shall provide traffic information to, or sell 10-second
               radio Advertising Time immediately adjacent to an informational
               element on, more than one radio station and/or television station
               in a single DMA that broadcast and are licensed in Canada (with
               the exception of stations then located adjacent to the border of
               Canada or consistent with Metro's business practice prior to the
               date of this Agreement), and Metro shall fail to cease such
               activity within thirty days after receipt of written notice
               thereof from any CTN Party. CTN acknowledges that Metro may
               solicit in the United States and elsewhere sales of Advertising
               Time to be broadcast in the United States and that such shall not
               be considered a breach hereof.

     The CTN Parties agree that they shall honor all of their obligations,
financial or otherwise, incurred prior to the end of the Term, notwithstanding
an early expiration or termination of this Agreement in accordance with Section
7(e) hereof, and take all actions necessary to fulfill such obligations after
the Term.

     8. REPRESENTATIONS AND WARRANTIES. Each party hereby represents and
warrants to the other that: (i) it has the full power, ability and authority to
negotiate, enter into, execute and deliver this Agreement and to perform its
obligations hereunder, (ii) it has not made, nor will it make any contractual or
other commitment which would conflict with the entry into of this Agreement, the
performance of the obligations hereunder or the full enjoyment by the other of
the rights herein granted; and (iii) its execution, delivery and performance of
this Agreement has been duly authorized in accordance with requisite entity
power and authorization and this Agreement constitutes its legal, valid and
binding obligation, enforceable against it in accordance with its terms, except
as enforceability may be limited by applicable bankruptcy, moratorium,

                                        5

<PAGE>

insolvency and other similar laws affecting the enforcement of creditors' rights
generally and that enforcement may be limited by general principles of equity.

     9. INDEMNIFICATION.

          9.1. Each party shall indemnify and hold harmless the other party, its
directors, officers, shareholders, employees, partners, representatives,
affiliates and the successors and assigns of each of the foregoing (each an
"Indemnitee") from and against any loss, liability, claim, damage, action, cost,
penalty or expense (including, without limitation, attorneys' fees and court
costs) actually incurred by it as a result of a breach of any of the
representations and warranties made by a party herein or for any non-compliance
or nonfulfillment by the other of a covenant, agreement or undertaking to be
complied with or performed by it pursuant to this Agreement.

          9.2. Promptly after receipt by an Indemnitee of written notice of the
assertion of a claim or the commencement of any action, suit or proceeding by
any third party with respect to any matter for which indemnification is or may
be claimed pursuant to Section 9.1 hereof, the Indemnitee shall give written
notice thereof to the appropriate party and shall thereafter keep said party
informed of all other pertinent information it receives with respect thereto;
provided, however, that the failure of the Indemnitee to give prompt notice and
such other information as provided herein shall not relieve the other party of
any of its obligations hereunder unless and then only to the extent that such
party shall demonstrate it has been materially prejudiced thereby in the defense
of such action, suit or proceeding. A party against which a claim develops shall
have the right, at its option, to participate in or, take exclusive control of,
the defense, negotiation and/or settlement of any such claim, action, suit or
proceeding, with counsel chosen by said party. After said party takes exclusive
control of the defense, negotiation and/or settlement of any such claim, action,
suit or proceeding, the Indemnitee shall have the right to participate therein,
and with counsel of its own choosing. If said party fails or refuses to
undertake control of the defense of any such claim, action, suit or proceeding
within 30 days after delivery of the notice from the Indemnitee, the Indemnitee
shall have the right to take exclusive control of the defense, negotiation
and/or settlement of such claim, action, suit or proceeding at said party's sole
cost and expense. Neither said party nor the Indemnitee shall settle or
compromise any claim, action, suit or proceeding without the consent of the
other, which consent shall not be reasonably withheld or delayed; provided,
however, that any settlement or compromise shall include an unconditional
release of the Indemnitee from all liabilities or obligations relating to the
claim, action, suit or proceeding.

     10. FURTHER ASSURANCES. Each party and its employees and representatives
shall be given reasonable access to the other party and its employees and
representatives to facilitate the activities, responsibilities and obligations
of each party hereunder. The parties shall take such actions as are necessary to
carry out the spirit and intent of this Agreement.

     11. RELATIONSHIP OF PARTIES. Nothing contained herein shall be deemed to
constitute a partnership between, or a joint venture by, or employment
relationship between or among the parties hereto. This Agreement is between two
independent contracting parties. As such, neither

                                        6

<PAGE>

party has been granted any right, authority, agency, expressly or implied, to
legally bind the other in any manner whatsoever. Nothing herein is intended nor
shall it make either party a fiduciary of the other party.

     12. NOTICES. Notices hereunder shall be deemed to have been received (i)
upon delivery, if delivered in person, or (ii) on the next business day after
dispatch, if sent by nationally recognized, overnight courier. Notices sent by
facsimile transmission shall be deemed to have been received on the date sent if
a business day (or, if not sent on a business day, on the next business day
after the date sent by telecopy), provided that the sender has a confirmed
receipt. Notices sent by registered or certified mail, postage prepaid shall be
deemed to have been received on the fifth Business Day following the mailing
thereof. The addresses for such communications shall be (i) with respect to CTN,
addressed to Canadian Traffic Network ULC, Atria III, 2225 Sheppard Avenue East
Suite 1204, North York, Ontario M2J 5C2 Attention: William Yde, Facsimile No.:
n/a, with a copy to Global Traffic Canada, Inc., 7521 West Lake Mead Boulevard,
Suite 300, Las Vegas, NV 89128, Attention: William Yde, Facsimile No.: (702)
562-4001 and (ii) with respect to Metro, addressed to Metro Networks
Communications, Limited Partnership, 40 West 57th Street, 15th Floor, New York,
New York 10019, Attention: EVP, Business Affairs and Business Development,
Facsimile No: (212) 641-2154, with a copy to the General Counsel, Facsimile No:
(212) 641-2198, or to such other address or facsimile number as any such party
shall designate in writing to the other.

     13. REMEDIES CUMULATIVE. All remedies, rights, and privileges available to
a party in respect of this Agreement shall be cumulative, and none of them shall
be in limitation of any other remedy, right, whether available at law, in equity
or otherwise. The invalidity, illegality or unenforceability of any term or
provision contained in this Agreement (as determined by a court of competent
jurisdiction) shall not affect the validity, legality or enforceability or any
other term or provision hereof or the validity, legality or enforceability of
such term or provision in any other jurisdiction. It is the intent of the
parties that this Agreement be enforced to the fullest extent permitted by
applicable law.

     14. HEADINGS. The section headings contained in this Agreement are inserted
herein for the purpose of convenience and reference only and they are not to be
given any substantive effect, nor shall they be used or have any effect in the
construction or interpretation of any term or provision hereof.

     15. AMENDMENT AND WAIVER. Any amendment, modification or waiver of any term
or provision of this Agreement shall only be effective if such amendment,
modification or waiver is evidenced by an instrument in writing duly executed by
each of the parties hereto. No waiver by a party of any breach of any provision
of this Agreement shall be deemed to be a waiver of any preceding or subsequent
breach of the same or similar nature or of any other provision of this
Agreement.

     16. GOVERNING LAW. This Agreement shall be governed by and construed and
enforced in accordance with the laws of the State of New York, without regard to
conflict of law the principles.

                                        7

<PAGE>

     17. ASSIGNMENT. This Agreement shall inure to the benefit of, and shall be
binding on, the parties and their successors (whether by merger or otherwise)
and permitted assigns. Except as otherwise expressly provided hereby, this
Agreement may not be assigned by any party hereto nor may any party's duties or
obligations hereunder be delegated, without the prior written consent of the
other party. This Agreement is not intended to create any right in favor of, or
benefit for any third party who is not a signatory hereto, except as provided in
Section 5 hereof.

     18. ENTIRE AGREEMENT. This Agreement constitutes the entire understanding
and agreement of the parties with respect to the subject matter hereof, and it
supersedes all prior agreements and understandings, oral or written, with
respect to such matters.

     19. COUNTERPARTS. This Agreement may be executed in counterparts, including
via facsimile, each of which shall be deemed an original copy, and all of which
shall constitute but one and the same agreement.

     20. CONSENT TO JURISDICTION. The parties (including, but not limited to,
their respective subsidiaries, officers, directors and controlling persons)
hereby (i) irrevocably submit to the exclusive jurisdiction of any New York
State court or Federal court sitting in New York County in any action related
to, connected with or arising out of, in whole or in part, this Agreement, (ii)
agree that all claims in such action shall be decided in such court, (iii)
waive, to the fullest extent it may effectively do so, the defense of
inconvenient forum and (iv) consent to the service of process by certified mail,
return receipt requested. The parties hereby agree that service upon it in the
manner provided for the giving of notices in Section 12 shall constitute
sufficient notice. Nothing herein shall affect the right of any party to serve
legal process in any manner permitted by law or affect its right to bring any
action in any other court.

                [Remainder of page is intentionally left blank.]

                                        8

<PAGE>

     IN WITNESS WHEREOF the parties intending to be legally bound hereto have
executed this Agreement as of the date first written above.

METRO NETWORKS COMMUNICATIONS,
LIMITED PARTNERSHIP

By: Metro Networks Communications, Inc.,
its General Partner

By: /s/ Gary Worobow
    -------------------------------------
Print Name: Gary Worobow
            -----------------------------
Title: EVP
       ----------------------------------

CANADIAN TRAFFIC NETWORK ULC

By:  /s/ William L. Yde III
    -------------------------------------
Print Name: William L. Yde III
            -----------------------------
Title: Director
       ----------------------------------

With respect to Section 5 only:

THE AUSTRALIA TRAFFIC NETWORK PTY LIMITED

By: /s/ William L. Yde III
    -------------------------------------
Print Name: William L. Yde III
            -----------------------------
Title: Managing Director
       ----------------------------------

GLOBAL TRAFFIC CANADA, INC.

By: /s/ William L. Yde III
    -------------------------------------
Print Name: William L. Yde III
            -----------------------------
Title: Director
       ----------------------------------

GLOBAL TRAFFIC NETWORK, INC.

By: /s/ William L. Yde III
    -------------------------------------
Print Name: William L. Yde III
            -----------------------------
Title: Director
       ----------------------------------

                                        9

<PAGE>

                              ANNEX A: DEFINITIONS

     "Affidavits of Performance" means the documentary proof from radio stations
or others with respect to the actual running of commercials, required by or for
advertisers or others who are to provide compensation for Advertising Time, in
the form acceptable to such advertisers and other third parties.

     "Affiliates" means, with respect to CTN or Metro, those radio stations in
its respective Territory, airing one or more of its programs on the radio
networks of such party.

     "Affiliated Entities" means, with respect to any specified person or
entity, any other person or entity which, directly or indirectly, controls or is
controlled by or is under direct or indirect common control with such specified
person or entity.

     "ATN" means The Australia Traffic Network Pty Limited, an Australian
proprietary company registered under the Corporation Law of New South Wales,
Australia.

     "Business Affiliates" means any person or entity with whom Westwood One,
Inc. or Metro has or had a contract or other arrangement to provide traffic,
news, weather, sports, entertainment or other information, whether by broadcast,
computer or any other means.

     "Collections" means all cash payments received by a Seller as consideration
for the sale of the other party's Advertising Time in Seller's Territory. For
purposes of determining Collections, and the calculation of the Monthly Fee
based thereon, except for reasonable third-party collection costs and standard
third-party agency fees actually paid to, or retained by, an agency, no
deductions shall be made for any charges, costs, expenses or commissions related
to the sale of Advertising Time or collection of funds relating thereto,
including, without limitation, any sales commissions, draws or other
compensation or commissions to Seller's sales personnel. For the avoidance of
doubt, Collections shall not include any compensation for the CTN traffic data
provided pursuant to the Traffic Data Agreement, dated as of the date hereof,
between the parties.

     "Competitive Broadcast Advertising Vehicles" means an advertising vehicle
that consists of a five to twenty second commercial mention and/or announcement
that is offered for sale in a package including the broadcast of such commercial
mentions or identification on more than one radio station in any one
metropolitan area.

     "GTC" means Global Traffic Canada, Inc., a Delaware corporation, subsidiary
of GTN and parent of CTN.

     "GTN" means Global Traffic Network, Inc., a Delaware corporation, and
parent of GTC.

     "Seller" means the party selling Advertising Time in its respective
Territory (i.e., CTN in the CTN Territory and Metro in the Metro Territory).

                                       10

<PAGE>

     "Sponsors" means client advertisers of Metro, including its Affiliated
Entities.

     "Term" means the length of this Agreement including the Initial Term and
any Renewal Term(s), unless earlier terminated in accordance with the terms and
conditions of this Agreement.

                                       11

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