Document:

exv10w1

 

Exhibit 10.1

Voting Agreement

     This Voting Agreement (the “Agreement”) is made and entered into as of this 11th day of
January, 2001 by and between Thomas M. Gilligan, a resident of Ohio (“Gilligan”) who is a
shareholder of The Australia Traffic Network PTY Limited, ACN 078 993 736, a corporation
incorporated under the Corporations Laws of New South Wales (the “Company”) and William L. Yde,
III, an Arizona resident, also a shareholder of the Company (“Yde”).

Recitals:

     A.     Gilligan is the owner and registered holder of 40,773 Ordinary Shares of the Company
(“Gilligan’s Shares”).

     B.     Yde is also the owner and registered holder of Ordinary Shares of the Company (“Yde’s
Shares”).

     C.     Gilligan desires that Yde have and exercise the voting rights associated with Gilligan’s
Shares and Yde desires to have and exercise such voting rights.

     NOW, THEREFORE, in consideration of the premises mid other good and valuable consideration it
is hereby agreed and declared as follows:

     1.     Assignment of Voting Rights. Gilligan hereby irrevocably assigns to Yde the
rights to vote Gilligan’s Shares in all matters and things that the shareholders of the, Company
have the right to vote upon. Furthermore, if Gilligan shall ever own any additional ordinary shares
of the Company during the term of this Agreement, he shall promptly assign to Yde the same right to
vote such additional shares and such additional shares shall also be deemed to be a part of
“Gilligan’s Shares” for purposes of this Agreement.

     2.     Yde to Vote Gilligan’s Shares. It shall be the duty of Yde, and Yde shall
have full power and authority, and he is hereby fully empowered and authorized, to represent
Gilligan and Gilligan’s Shares and to vote Gilligan’s Shares in the same manner as Yde’s Shares at
all meetings of the shareholders of the Company, in the electing of directors and upon any and all
matters and questions which may be brought before such meetings as fully as any shareholder might
do if personally present.

     3.     Dividends, Etc. All dividends that may be paid with respect to Gilligan’s
Shares shall be paid directly to Gilligan by the Company and if Yde should receive any of
Gilligan’s dividends, then Yde shall promptly remit to Gilligan all dividends so received.
Moreover, nothing in this Agreement shall be construed or interpreted to mean that Yde has acquired
any economic ownership of Gilligan’s Shares and Gilligan shall be fully entitled to all economic
benefits associated with Gilligan’s Shares such as the rights to receive and enjoy dividends and
the proceeds of any sale , exchange or other disposition of Gilligan’s Shares.

 

 

     4.     Transfer of Gilligan’s Shares. Gilligan shall have the right to transfer
Gilligan’s Shares to any person or entity to which Gilligan would otherwise be entitled absent this
Agreement and Yde shall permit such transfer by Gilligan provided that the transferee of Gilligan’s
Shares, or any part thereof, agrees that the transferred shares shall be subject to this Agreement
and the transferee executes a counterpart of this Agreement. Notwithstanding the foregoing, if
Gilligan shall sell or transfer any of Gilligan’s Shares to any person or entity who is also a
shareholder of the Company immediately before such sale or transfer, then the purchaser or
transferee of such shares (the “Transferred Shares”) shall take the Transferred Shares free and
clear of this Agreement and Yde shall, if requested by Gilligan or his purchaser or transferee,
confirm that Yde does not have any rights under this Agreement with respect to the Transferred
Shares.

     5.     Termination of Agreement. This Agreement and the rights of Yde to vote Gilligan’s
Shares shall terminate upon the first to occur of the following: (i) the transfer by Yde of all of
Yde’s Shares to any individual person, (ii) the transfer by Yde of all of Yde’s Shares to any
entity which is not controlled, directly or indirectly, by Yde and (iii) the sale by the Company of
substantially all of its assets.

     6.     Successor to Yde. If Yde shall die or otherwise become incapacitated (as
certified by two medical doctors), then Yde’s spouse, Carol Ann Yde, shall automatically upon
written notice delivered to Gilligan succeed to the privileges, rights and obligations of William
L. Yde, III hereunder.

     7.     Further Assurances. Gilligan agrees that he will take all actions and do
all things as Yde shall deem to be necessary, advisable or appropriate to further vest in Yde the
voting rights in Gilligan’s Shares including, but not limited to, (i) confirming in writing to
third parties Yde’s rights to vote Gilligan’s Shares, (ii) executing and delivering proxies to Yde,
(iii) ratifying Yde’s vote of Gilligan’s Shares on each and every matter as Yde shall request (it
being understood that such ratification is not necessary to the effectiveness of this Agreement)
and (iv) executing and delivering to Yde such other agreements and instruments as may be necessary,
advisable or appropriate under the Corporations Laws of New South Wales to fully effect the intents
and purposes of this Agreement.

[Signature Page Follows.]

 

 

     IN WITNESS WHEREOF, the undersigned have signed this Voting Agreement as of the day and year
first above written

	 	 	 	 	 
	 	 	 
	 	     /s/ Thomas M. Gilligan
 	 
	 	Thomas M. Gilligan 	 
	 	 	 
	 
	 	 	 
	 	     /s/ William L. Yde, III
 	 
	 	William L. Yde, III 	 
	 	 	 

 

 

	 	 	 	 	 

AMENDMENT TO OPTION AGREEMENT and VOTING AGREEMENT

     THIS AGREEMENT is made and entered into effective this 18th day of November, 2005,
between William L. Yde III (“Yde”) and Thomas M. Gilligan (“Gilligan”).

RECITALS

     A.     Gilligan is the owner of 16,000 shares of the issued and outstanding ordinary shares
of The Australia Traffic Network Pty Limited, an Australian proprietary company registered under
the Corporation Law of New South Wales, Australia (“ATN”). Gilligan’s shares of ATN are evidenced
by: (i) share certificate number 4 representing 1,000 shares; (ii) share certificate number 42
representing 14,000 shares that are subject to the Agreement for the Purchase and Sale of Shares of
the Australia Traffic Network Pty Limited and Option Agreement (as previously amended, the “Option
Agreement”) by and between Gilligan and Yde dated January 31, 2004 and amended May 23, 2005 and May
25, 2005; and (iii) share certificate number 49 representing 1,000 shares. All 16,000 shares of
ATN owned by Gilligan are subject to a Voting Agreement by and between Gilligan and Yde dated
January 11, 2001 and amended May 23, 2005 and May 25, 2005 (as so amended, the “Voting Agreement”).

     B.     Gilligan is the owner of 66,444 shares of common stock (the “Organization Shares”) of
Global Traffic Network, Inc., a Delaware corporation (“GTN”).

     C.     Pursuant to the proposed Securities Exchange Agreement (the “Exchange Agreement”) by and
among GTN, ATN and all of the current shareholders of ATN, all of the ordinary shares of ATN will
be exchanged for shares of common stock of GTN, subject to certain conditions. Pursuant to the
Exchange Agreement, Gilligan will receive 531,550 shares of common stock of GTN (the “Exchange
Shares”).

     D.     Yde and Gilligan wish to amend the Option Agreement and Voting Agreement to provide for
their applicability to the Organization Shares and the Exchange Shares.

AGREEMENT

     1.     The Option Agreement. The parties hereto agree that, upon issuance, if ever, 465,106 of
the Exchange Shares (the “New Option Shares”) are subject to the Option Agreement as if they were
also ATN shares covered thereby, and that Yde, upon the exercise of his option rights under the
Option Agreement, will be entitled to receive the New Option Shares for no additional consideration
beyond that currently provided in the Option Agreement for the purchase of the ATN shares covered
thereby. The remaining provisions of the Option Agreement, as amended, shall remain unaffected by
this Agreement and in full force and effect.

     2.     The Voting Agreement. The parties hereto agree that all of the Organization Shares and,
upon issuance, if ever, the Exchange Shares are subject to the Voting Agreement as if they were the
ATN shares covered thereby. The remaining provisions of the Voting Agreement shall remain
unaffected by this Agreement and in full force and effect.

     3.     Assignment. Gilligan agrees that this Agreement and the Option Agreement, as amended, may
be freely assignable in part or in full to Robert Johander, any current shareholder of GTN, or to
an affiliate of any such person without Gilligan’s consent.

 

 

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

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective as the
date first above written.

	 	 	 	 	 
	 	 	 
	 	     /s/ William L. Yde III
 	 
	 	William L. Yde III 	 
	 	 	 
	 
	 	 	 
	 	     /s/ Thomas M. Gilligan
 	 
	 	Thomas M. Gilligan 	 
	 	 	 

5exv10w2

 

	 	 	 	 	 

Exhibit 10.2

AGREEMENT

     THIS AGREEMENT is made and entered into effective this 30th day of September, 2005,
by and between William L. Yde III (“Yde”) and Robert L. Johander, Trustee of the Robert L. Johander
Revocable Trust u/a/d December 18, 2003 (the “Trustee”).

RECITALS

     A.     The Trustee is the owner of 465,106 shares of common stock (the “GTN Shares”) of
Global Traffic Network, Inc., a Delaware corporation (the “Company”).

     B.     The Trustee desires that Yde have and exercise the voting rights associated with the
GTN Shares and Yde desires to have and exercise such voting rights.

AGREEMENT

     NOW, THEREFORE, in consideration of the foregoing recitals and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto agree as follows:

     1.     GTN Shares. The Trustee agrees to hold the GTN Shares subject to, and to vote the GTN
Shares in accordance with, the provisions of this Agreement.

     2.     Voting of GTN Shares. From the date hereof until five (5) years from the date of this
Agreement (the “Voting Termination Date”), at any meeting of the shareholders of the Company at
which matters are put to a vote (and at any adjournment thereof), however called, and in any action
by written consent of such shareholders, the Trustee shall vote (or give consent in respect of) the
GTN Shares at such meeting or in such action by written consent as directed by Yde, and in
connection with such vote (or consent in respect thereof), the Trustee shall execute any documents
which are necessary or appropriate in order to effectuate the foregoing, including the ability for
the Company or its nominees to vote the GTN Shares directly in the event that the Trustee is unable
or otherwise fails to vote (or give consent) as required by this Section 2.

     3.     No Inconsistent Arrangements. The Trustee will not from the date hereof until the Voting
Termination Date: (i) grant any proxy, power-of-attorney or other authorization in or with respect
to the GTN Shares other than as granted pursuant to this Agreement; (ii) deposit the GTN Shares
into a voting trust or enter into a voting agreement or arrangement with respect to the GTN Shares;
or (iii) take any other action that would in any way restrict, limit or interfere with the
performance of the Trustee’s obligations hereunder.

     4.     Irrevocable Proxy. The Trustee hereby irrevocably grants to, and appoints, Yde, or the
Secretary of the Company (in the event that Yde is unable serve as proxy), as Trustee’s proxy and
attorney-in-fact (with full power of substitution), for and in the name, place and stead of the
Trustee (i) to vote the GTN Shares as the Trustee’s proxy with regard to any matter brought before
the shareholders of the Company at any annual or special meeting of such shareholders (including
any adjournment or postponement thereof), and (ii) to sign the Trustee’s names (as shareholder) to
any consent, certificate or other document relating to the Company, that are permitted or required
by the business corporation act of the Company’s jurisdiction of incorporation. The Trustee
represents that any proxies heretofore given in respect of the GTN Shares are revocable, and that
any such proxies are hereby revoked. The Trustee hereby affirms that the irrevocable proxy set
forth in this Section 4 is given in connection with the

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execution of this Agreement and that this proxy may under no circumstances be revoked until
the Voting Termination Date. This irrevocable proxy, so long as any party hereto is an individual,
will survive the death, incompetency and disability of such party or any other individual holder of
the GTN Shares and, so long as any party hereto is an entity, will survive the merger or
dissolution of such party or any other entity holding the GTN Shares.

     5.     Limitations on Transfer. The Trustee shall not sell, transfer, assign, distribute or
otherwise dispose of any GTN Shares, other than to the Company, unless as a condition precedent to
such transfer, the recipient shall agree in writing to take such GTN Shares subject to, and shall
accept and agree to be bound in writing by, the terms and conditions of this Agreement, in which
such subscribing person shall be deemed to be a party to this Agreement.

     6.     Miscellaneous Provisions.

          (a)     Further Assurances. The Trustee and Yde shall from time to time execute, deliver
and file any and all other agreements, instruments or documents, and take any and all
actions, reasonably requested by any other party to give full force and effect to this
agreement and the transactions contemplated hereby.

          (b)     Governing Law. This Agreement shall be governed and construed by the laws of the
State of Delaware, without regard to its conflicts-of-law provisions. All disputes related
to or arising under this Agreement shall be subject to the exclusive jurisdiction of the
federal and state courts located in Clark County, Nevada with each party consenting to the
exclusive jurisdiction of such courts and hereby waiving any personal jurisdiction defenses.

          (c)     Amendment; Waiver. This Agreement may be amended only by an instrument in writing
signed by the parties. This agreement constitutes the entire agreement among the parties
pertaining to the subject matter of this Agreement and supersedes all prior agreements,
understandings, negotiations and discussions, whether oral or written, of the parties. No
waivers of any breach of this Agreement extended by any party hereto to any other party
shall be construed as a waiver of any rights or remedies of any other party hereto or with
respect to any subsequent breach.

          (d)     Severability. If any provision of this Agreement is held to be invalid or
unenforceable, the validity and enforceability of the remaining provisions of this Agreement
shall not be affected thereby.

          (e)     Counterparts. This Agreement may be executed in one or more counterparts, each of
which will be deemed an original but all of which together shall constitute one and the same
Agreement.

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     IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective as the
date first above written.

	 	 	 	 	 
	 	 	 
	 	     /s/ William L. Yde III
 	 
	 	William L. Yde III 	 
	 	 	 
	 
	 	Robert L. Johander Revocable Trust

 	 
	 	 	 
	 	 	 
	 	 	 
	 
	 	 	 
	 	
/s/ Robert L. Johander
 	 
	 	Robert L. Johander, Trustee 	 
	 	 	 

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Consent

     The Undersigned, as Co-Trustee of the Robert L. Johander Revocable Trust u/a/d
December 18, 2003 (the “Trust”), hereby agrees and consents to that certain Voting Agreement dated
September 30, 2005 by and between William L. Yde III and the Trust as executed by Robert L.
Johander, Co-Trustee of the Trust.

	 	 	 	 	 
	 	Robert L. Johander Revocable Trust 

	 	 	 
	 	Mary L. Johander
 	 
	 	Mary L. Johander, Co-Trustee 	 
	 	 	 
	 

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