Document:

Exhibit 10.19

 

Solera, Inc.

12230 El Camino Real, Suite 200

San Diego, California 
92130

Facsimile: 
(858) 812-3011

 

 

February 8, 2006

 

Mr.
Garen Staglin

P.O. Box 680

Napa,
California 94573

Facsimile:  (707) 963-8786

 

Solera, Inc., a Delaware corporation (the “Company”),
and certain of its affiliates are pursuing a potential acquisition by the
Company of ADP Claims Services Group (“CSG”), a business segment of
Automatic Data Processing, Inc. (“ADP”), from ADP (the “Proposed
Acquisition”).

 

If the Proposed Acquisition is consummated by the
Company with the use and contribution of your services, then the Company will
pay to you an advisory and success fee in cash in an amount equal to the Base
Fee Amount less $500,000. For purposes of this letter, “Base Fee Amount”
means an amount equal to the lesser of (i) $5 million and (ii) (a) if the
Purchase Price is less than or equal to $750 million, then the product of the
Purchase Price and 0.005, (b) if the Purchase Price is greater than $750
million and less than or equal to $1 billion, then the sum of (x) $3.75 million
and (y) the product of (A) the Purchase Price less $750 million and (B) 0.0025,
or (c) if the Purchase Price is greater than $1 billion, then the sum of (x)
$4.375 million and (y) the product of (A) the Purchase Price less $1 billion
and (B) 0.00125. For purposes of this letter, “Purchase Price” means an
amount equal to the cash purchase price paid to ADP and its subsidiaries by the
Company and its subsidiaries in connection with the Proposed Acquisition on the
date of the consummation of the Proposed Acquisition (excluding any portion of
such purchase price deposited in escrow). Any amounts payable to you hereunder
shall be paid to you by the Company or its affiliates within 45 days following
the consummation, if any, of the Proposed Acquisition.

 

This letter agreement shall not obligate you to
participate in any negotiations with ADP or its representatives regarding the
Proposed Acquisition.

 

You (for yourself, your affiliates and your heirs,
assigns and executors) release and forever discharge each of the Company, Solera Holdings, LLC and each of their respective affiliates,
partners, stockholders, members, managers, directors, officers, agents and
employees (each such person a “Releasee” and collectively, the “Releasees”)
from any and all claims, demands, obligations, debts or liabilities of whatever
kind or nature (“Claims”) that relate in any way to any compensation or
other payments that may be due or payable to you (or your affiliates or your
heirs, assigns or executors) in connection with, relating to or otherwise
arising out of

 

 

services you may have performed for the Company or its
affiliates in connection with the Proposed Acquisition (other than any Claims
arising under this letter agreement). You acknowledge and agree that this
release is an essential and material term of this letter agreement and without
such release the Company would not have agreed to make the payments
contemplated hereby. For the avoidance of doubt, you acknowledge and agree that
(x) in no event shall any of the Releasees (other than the Company) be liable
for any of the obligations of the Company hereunder, and (y) each Releasee
shall be a third-party beneficiary of this paragraph of this letter agreement.

 

If the Proposed Acquisition is not consummated prior
to the first anniversary of the date hereof, the obligations of the Company
under this letter agreement shall automatically terminate.

 

This letter agreement shall be governed by, and
construed in accordance with, the laws of the State of New York, without regard
to the conflict of law provisions thereof. This letter agreement may be
executed simultaneously in two or more counterparts (including by means of
telecopied signature page), any one of which need not contain the signatures of
more than one party, but all such counterparts taken together shall constitute
one and the same agreement. This letter agreement embodies our complete
agreement and understanding with respect to the subject matter hereof and
supersedes any prior agreements (including, without limitation, the letter
agreement between Solera and you, dated March 23, 2005) or understanding,
written or oral, which may have related to the subject matter hereof in any way.
EACH PARTY TO THIS LETTER AGREEMENT HEREBY WAIVES ALL RIGHTS TO TRIAL BY JURY
IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE BETWEEN THE
PARTIES HERETO ARISING OUT OF, CONNECTED WITH, RELATED OR INCIDENTAL TO THIS
LETTER AGREEMENT AND/OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

[Remainder of page
intentionally left blank.]

 

 

If this letter agreement reflects your agreement with
respect to the foregoing, please execute this letter agreement where provided
below. Upon your execution and delivery, this letter agreement will constitute
our agreement with respect to the matters set forth herein.

 

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SOLERA, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Tony Aquila

  
	
   

  	
   

  	
  Name: Tony Aquila

  
	
   

  	
   

  	
  Title: Chief Executive Officer

  

 

ACCEPTED,
ACKNOWLEDGED AND 

AGREED AS OF FEBRUARY 8, 2006

 

	
  /s/ Garen Staglin

  	
   

  
	
  Garen StaglinExhibit 10.20

 

CONSULTING AGREEMENT

 

THIS CONSULTING AGREEMENT (this “Agreement”) is made and effective as
of September 1, 2006 (the “Effective Date”) by and between Solera,
Inc., a Delaware corporation (the “Company”), and Roxani
M. Gillespie (“Consultant”).

 

WHEREAS, the Company desires that Consultant
provide it with consulting services to obtain the benefit of Consultant’s
extensive knowledge, experience and contacts in the insurance claims processing
industry; and

 

WHEREAS, Consultant is willing to provide
consulting services to the Company subject to the terms set forth in this
Agreement.

 

NOW, THEREFORE, the Company and Consultant
hereby agree as follows:

 

1.  Term.

 

The Company hereby engages Consultant, and
Consultant hereby agrees to provide consulting services to the Company,
commencing as of the Effective Date and continuing through and until November
30, 2006.

 

2.  Services of Consultant.

 

Consultant hereby agrees during the term of
this Agreement to consult with the Company in such manner and on such business
matters as may be reasonably requested from time to time by the Company,
including but not limited to:

 

(i)                                the Company’s negotiation and settlement of several
employment related disputes in the Netherlands; and

 

(ii)                             the Company’s search and recruitment of a general counsel.

 

3.  Compensation.

 

The Company will compensate Consultant for
the consulting services to be provided by Consultant hereunder at a rate of
$26,667 per month. Such compensation shall be payable monthly within a
reasonable period of time after the end of each month.

 

The Company will promptly reimburse
Consultant for reasonable travel expenses (air fare, lodging, food and ground
transportation), telephone charges, translation fees and other related expenses
incurred by Consultant at the Company’s request in connection with the
rendering of services hereunder.

 

Consultant acknowledges and agrees that
during the term of this Agreement she will not be eligible to participate in
any employee benefit program of the Company or any of its affiliates.

 

4.  Outside
Employment.

 

The Company acknowledges and agrees that,
during the term of this Agreement, (i) Consultant may
be engaged for her expertise by one or more other institutions (so long as such
engagement does not conflict

 

 

with
Consultant’s engagement by the Company) and (ii) Consultant may continue to
engage in her independent legal practice.

 

Consultant will use best efforts to segregate
the consulting services provided under this Agreement from the work Consultant
performs for other institutions or parties.

 

5.  Confidential Information.

 

Consultant acknowledges that the information,
observations and data that Consultant will obtain during the course of her
association with the Company and her performance under this Agreement,
including, without limitation, information concerning acquisition opportunities
of the Company and its affiliates, are the property of the Company and its
affiliates. Consultant agrees that she will not use for her own purposes or
disclose to any third party any of such information, observations or data
without the prior written consent of the Company, unless and to the extent that
the aforementioned information, observations and data become generally known to
and available for use by the public other than as a result of Consultant’s acts
or omissions. The Company will, upon request, have access to all memoranda,
notes, plans, records, reports, computer tapes, printouts, software and other
documentation (and copies thereof) relating to the Company, the acquisition
opportunities of the Company and its affiliates or the services provided
hereunder that Consultant may then possess or have under her control.

 

Consultant and the Company agree that the
Company would suffer irreparable harm from a breach by Consultant of any of the
covenants or agreements contained herein. In the event of an alleged or
threatened breach by Consultant of any of the provisions of this Section 5, the
Company or its successors or assigns may, in addition to all other rights and
remedies existing in its favor, apply to any court of competent jurisdiction
for specific performance and/or injunctive or other relief in order to enforce
or prevent any violations of the provisions hereof.

 

6.  Notice.

 

Any notice required or permitted by the terms
of this Agreement shall be given by registered mail, prepaid and properly
addressed as follows:

 

If to the Company:

 

Solera,
Inc.

Attention: Tony Aquila

6111 Bollinger Canyon Road

San Ramon, CA

 

If to Consultant:

 

Roxani Gillespie

2450 Hyde Street

San Francisco, California 94109

 

Any such notice shall be deemed to have been given when received.

 

2

 

7.  Entire Agreement.

 

This Agreement is the entire
agreement of the parties relating to the subject matter hereof and supersedes
all prior and contemporaneous negotiations, correspondence, understandings and
agreements of the parties relating to the subject matter hereof. This Agreement
may be amended only by an agreement in writing, signed by both parties.

 

8.  Consultant an
Independent Contractor.

 

Consultant and the Company agree that
Consultant shall perform services hereunder as an independent contractor. Neither
Consultant nor any personnel retained by Consultant shall be considered
employees or agents of the Company as a result of this Agreement, and none of
them shall have authority to contract in the name of or bind the Company,
except as expressly agreed to in writing by the Company. Consultant shall
advise all third parties that Consultant is acting as an independent contractor
and does not have such ability.

 

Consultant
will file all tax returns and reports required to be filed by her on the basis
that Consultant is an independent contractor, rather than an employee, as
defined in Treasury Regulation §31.3121(d)-1(c)(2).

 

9.  Governing
Law and Severability.

 

This Agreement shall be governed by the laws
of the State of California. The invalidity or unenforceability of any provision
of this Agreement shall not affect the validity or enforceability of any other
provision.

 

*     *     *     *        *

 

3

 

IN WITNESS WHEREOF, the Company and Consultant have duly executed this
Consulting Agreement effective as of September 1, 2006.

 

 

	
   

  	
  Solera, Inc:

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jack Pearlstein

  	
   

  
	
   

  	
  Name:  Jack Pearlstein

  
	
   

  	
  Its:  CFO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Roxani M. Gillespie

  	
   

  
	
   

  	
  Roxani M.
  Gillespie

  
					

 

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