Document:

Exhibit
10.8

 

SOLERA HOLDINGS, INC.

2007 EMPLOYEE STOCK PURCHASE PLAN

 

Table
of Contents

	
   

  	
   

  	
   

  	
  Page

  
	
  1.

  	
  Purpose

  	
  1

  
	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
  Definitions

  	
  1

  
	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
  Eligibility

  	
  3

  
	
   

  	
  (a)

  	
  First Offering Date

  	
  3

  
	
   

  	
  (b)

  	
  Subsequent Offering Dates

  	
  3

  
	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
  Offering Periods

  	
  3

  
	
   

  	
  (a)

  	
  In General

  	
  3

  
	
   

  	
  (b)

  	
  Changes by Committee

  	
  3

  
	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
  Participation

  	
  3

  
	
   

  	
  (a)

  	
  Entry Dates

  	
  4

  
	
   

  	
  (b)

  	
  Special Rule for First Offering Date

  	
  4

  
	
   

  	
   

  	
   

  	
   

  
	
  6.

  	
  Plan Contributions

  	
  4

  
	
   

  	
  (a)

  	
  Contribution by Payroll Deduction

  	
  4

  
	
   

  	
  (b)

  	
  Payroll Deduction Election on Enrollment Agreement

  	
  4

  
	
   

  	
  (c)

  	
  Commencement of Payroll Deductions

  	
  4

  
	
   

  	
  (d)

  	
  Automatic Continuation of Payroll Deductions

  	
  4

  
	
   

  	
  (e)

  	
  Change of Payroll Deduction Election

  	
  5

  
	
   

  	
  (f)

  	
  Automatic Changes in Payroll Deduction

  	
  5

  
	
   

  	
  (g)

  	
  Special Rule for Initial Offering Period

  	
  5

  
	
   

  	
   

  	
   

  	
   

  
	
  7.

  	
  Grant of Option

  	
  6

  
	
   

  	
  (a)

  	
  Shares of Common Stock Subject to Option

  	
  6

  
	
   

  	
  (b)

  	
  Exercise Price

  	
  6

  
	
   

  	
  (c)

  	
  Fair Market Value

  	
  7

  
	
   

  	
  (d)

  	
  Limitation on Option that may be Granted

  	
  7

  
	
   

  	
  (e)

  	
  No Rights as Shareholder

  	
  8

  
	
   

  	
   

  	
   

  	
   

  
	
  8.

  	
  Exercise of Options

  	
  8

  
	
   

  	
  (a)

  	
  Automatic Exercise

  	
  8

  
	
   

  	
  (b)

  	
  Carryover of Excess Contributions

  	
  8

  
	
   

  	
   

  	
   

  	
   

  
	
  9.

  	
  Issuance of Shares

  	
  8

  
	
   

  	
  (a)

  	
  Delivery of Shares

  	
  8

  
	
   

  	
  (b)

  	
  Registration of Shares

  	
  9

  
	
   

  	
  (c)

  	
  Compliance with Applicable Laws

  	
  9

  
	
   

  	
  (d)

  	
  Withholding

  	
  9

  
	
   

  	
   

  	
   

  	
   

  
	
  10.

  	
  Participant Accounts

  	
  9

  
	
   

  	
  (a)

  	
  Bookkeeping Accounts Maintained

  	
  9

  

 

i

 

	
   

  	
  (b)

  	
  Participant Account Statements

  	
  9

  
	
   

  	
  (c)

  	
  Withdrawal of Account Balance Following Exercise
  Date

  	
  9

  
	
   

  	
   

  	
   

  	
   

  
	
  11.

  	
  Designation of Beneficiary

  	
  10

  
	
   

  	
  (a)

  	
  Designation

  	
  10

  
	
   

  	
  (b)

  	
  Change of Designation

  	
  10

  
	
   

  	
   

  	
   

  	
   

  
	
  12.

  	
  Transferability

  	
  10

  
	
   

  	
   

  	
   

  
	
  13.

  	
  Withdrawal; Termination of Employment

  	
  10

  
	
   

  	
  (a)

  	
  Withdrawal

  	
  10

  
	
   

  	
  (b)

  	
  Effect of Withdrawal on Subsequent Participation

  	
  11

  
	
   

  	
  (c)

  	
  Termination of Employment

  	
  11

  
	
   

  	
   

  	
   

  	
   

  
	
  14.

  	
  Common Stock Available under the Plan

  	
  11

  
	
   

  	
  (a)

  	
  Number of Shares

  	
  11

  
	
   

  	
  (b)

  	
  Adjustments Upon Changes in Capitalization; Corporate
  Transactions

  	
  12

  
	
   

  	
   

  	
   

  	
   

  
	
  15.

  	
  Administration

  	
  13

  
	
   

  	
  (a)

  	
  Committee

  	
  13

  
	
   

  	
  (b)

  	
  Requirements of Exchange Act

  	
  13

  
	
   

  	
   

  	
   

  	
   

  
	
  16.

  	
  Amendment, Suspension, and Termination of the Plan

  	
  13

  
	
   

  	
  (a)

  	
  Amendment of the Plan

  	
  13

  
	
   

  	
  (b)

  	
  Suspension of the Plan

  	
  13

  
	
   

  	
  (c)

  	
  Termination of the Plan

  	
  14

  
	
   

  	
   

  	
   

  	
   

  
	
  17.

  	
  Notices

  	
  14

  
	
   

  	
   

  	
   

  
	
  18.

  	
  Expenses of the Plan

  	
  14

  
	
   

  	
   

  	
   

  
	
  19.

  	
  No Employment Rights

  	
  14

  
	
   

  	
   

  	
   

  
	
  20.

  	
  Applicable Law

  	
  14

  
	
   

  	
   

  	
   

  
	
  21.

  	
  Additional Restrictions of Rule 16b-3

  	
  14

  
	
   

  	
   

  	
   

  
	
  22.

  	
  Effective Date

  	
  15

  

 

ii

SOLERA
HOLDINGS, INC.

2007 EMPLOYEE STOCK PURCHASE PLAN

1.             Purpose. The purpose of the Plan is to provide
incentive for present and future employees of the Company and any Designated
Subsidiary to acquire a proprietary interest (or increase an existing
proprietary interest) in the Company through the purchase of Common Stock. It
is the Company’s intention that the Plan qualify as an “employee stock purchase
plan” under Section 423 of the Code. Accordingly, the provisions of the Plan
shall be administered, interpreted and construed in a manner consistent with
the requirements of that section of the Code.

2.             Definitions.

(a)           “Applicable Percentage” means the
percentage specified in Section 7(b), subject to adjustment by the Committee as
provided in Section 7(b).

(b)           “Board” means the Board of Directors
of the Company.

(c)           “Code” means the Internal Revenue
Code of 1986, as amended, and any successor thereto.

(d)           “Committee” means the committee
appointed by the Board to administer the Plan as described in Section 15 of the
Plan or, if no such Committee is appointed, the Board.

(e)           “Common Stock” means the Company’s
common stock, par value $0.01 per share.

(f)            “Company” means Solera Holdings,
Inc., a Delaware corporation.

(g)           “Compensation” means, with respect to
each Participant for each pay period, the full base salary and overtime paid to
such Participant by the Company or a Designated Subsidiary.  Except as otherwise determined by the
Committee, “Compensation” does not include: (i) bonuses or commissions, (ii)
any amounts contributed by the Company or a Designated Subsidiary to any
pension plan, (iii) any automobile or relocation allowances (or reimbursement
for any such expenses), (iv) any amounts paid as a starting bonus or finder’s
fee, (v) any amounts realized from the exercise of any stock options or
incentive awards, (vi) any amounts paid by the Company or a Designated
Subsidiary for other fringe benefits, such as health and welfare,
hospitalization and group life insurance benefits, or perquisites, or paid in
lieu of such benefits, or (vii) other similar forms of extraordinary
compensation.

(h)           “Continuous Status as an Employee”
means the absence of any interruption or termination of service as an Employee.
Continuous Status as an Employee shall not be considered interrupted in the
case of a leave of absence agreed to in writing by the Company or the
Designated Subsidiary that employs the Employee, provided that such leave is
for a period of not more than 90 days or reemployment upon the expiration of
such leave is guaranteed by contract or statute.

 

(i)            “Designated Subsidiaries” means the
Subsidiaries that have been designated by the Board from time to time in its
sole discretion as eligible to participate in the Plan.

(j)            “Employee” means any person,
including an Officer, whose customary employment with the Company or one of its
Designated Subsidiaries is at least thirty-five (35) hours per week and more
than six (6) months in any calendar year.

(k)           “Entry Date” means the first Trading
Day of each Offering Period.

(l)            “Exchange Act” means the Securities
Exchange Act of 1934, as amended.

(m)          “Exercise Date” means the last Trading
Day ending on or before each December 31 and June 30.

(n)           “Exercise Price” means the price per
share of Common Stock offered in a given Offering Period determined as provided
in Section 7(b).

(o)           “Fair Market Value” means, with
respect to a share of Common Stock, the Fair Market Value as determined under
Section 7(c).

(p)           “First Offering Date” means the
commencement date of the initial public offering of the Company’s Common Stock
(the Company’s “Initial Public Offering”) contemplated by the Registration
Statement on Form S-1 filed by the Company with the Securities and Exchange
Commission.

(q)           “Offering Date” means the first
Trading Day of each Offering Period.

(r)            “Offering Period” means, subject to
adjustment as provided in Section 4(b), (i) with respect to the first Offering
Period, the period beginning on the First Offering Date and ending on June 30,
2007, and (ii) with respect to each Offering Period thereafter, the period
beginning on the first Trading Day after each Exercise Date, and terminating on
the immediately following Exercise Date.

(s)           “Officer” means a person who is an
officer of the Company within the meaning of Section 16 under the Exchange Act
and the rules and regulations promulgated thereunder.

(t)            “Participant” means an Employee
automatically enrolled in the Plan pursuant to Section 5(b) hereof, or an
Employee who has elected to participate in the Plan by filing an enrollment
agreement with the Company as provided in Section 5(a) hereof.

(u)           “Plan” means this Solera Holdings,
Inc. 2007 Employee Stock Purchase Plan.

 

2

 

(v)           “Plan Contributions” means, with
respect to each Participant, the lump sum cash transfers, if any, made by the
Participant to the Plan pursuant to Section 6(a) or 6(g)(ii) hereof, plus the
after-tax payroll deductions, if any, withheld from the Compensation of
the Participant and contributed to the Plan for the Participant as provided in
Section 6 hereof, and any other amounts contributed to the Plan for the
Participant in accordance with the terms of the Plan.

(w)          “Subsidiary” means any corporation,
domestic or foreign, of which the Company owns, directly or indirectly, 50% or
more of the total combined voting power of all classes of stock, and that
otherwise qualifies as a “subsidiary corporation” within the meaning of Section
424(f) of the Code.

(x)            “Trading Day” means a day on which
the New York Stock Exchange is open for trading.

3.             Eligibility.

(a)           First Offering Date.  Any individual who is an Employee as of the
First Offering Date shall be eligible to become a Participant as of the First
Offering Date.

(b)           Subsequent Offering Dates.  Any individual who has completed at least
three (3) months of employment with the Company or any Subsidiary and who is an
Employee, in both cases as of the Entry Date of a given Offering Period, shall
be eligible to become a Participant as of the Entry Date within that Offering
Period under the Plan.

4.             Offering Periods.

(a)           In General. The Plan shall
generally be implemented by a series of Offering Periods.

(b)           Changes by Committee.  The Committee shall have the power to make
other changes to the duration and/or the frequency of Offering Periods with
respect to future offerings if such change is announced at least five (5) days
prior to the scheduled beginning of the first Offering Period to be affected.

5.             Participation.

(a)           Entry Dates.  Employees meeting the eligibility
requirements of Section 3(b) hereof after the First Offering Date may elect to
participate in the Plan commencing on any Entry Date by completing an
enrollment agreement on the form provided by the Company and filing the
enrollment agreement with the Company on or prior to such Entry Date, unless a
later time for filing the enrollment agreement is set by the Committee for all
eligible Employees with respect to a given offering.

 

3

(b)           Special Rule for First Offering
Date.  All Employees who are eligible
as of the First Offering Date shall automatically become Participants in the
Plan as of the First Offering Date.

6.             Plan Contributions.

(a)           Contribution by Payroll Deduction.  Except with respect to the initial Offering
Period, and except as otherwise authorized by the Committee, all contributions
to the Plan shall be made only by payroll deductions. The Committee may, but
need not, permit Participants to make after-tax contributions to the Plan
at such times and subject to such terms and conditions as the Committee may in
its discretion determine. All such additional contributions shall be made in a
manner consistent with the provisions of Section 423 of the Code or any
successor thereto, and shall be treated in the same manner as payroll
deductions contributed to the Plan as provided herein.

(b)           Payroll Deduction Election on Enrollment
Agreement.  At the time a Participant
files the enrollment agreement with respect to an Offering Period, the
Participant may authorize payroll deductions to be made on each payroll date
during the portion of the Offering Period that he or she is a Participant in an
amount not less than 1% and not more than five percent (5%) of the
Participant’s Compensation on each payroll date during the portion of the
Offering Period that he or she is a Participant. The amount of payroll
deductions must be a whole percentage (e.g., 1%, 2%, 3%, etc.) of the
Participant’s Compensation.

(c)           Commencement of Payroll Deductions.  Except as otherwise determined by the
Committee under rules applicable to all Participants, payroll deductions for
Participants enrolling in the Plan after the First Offering Date under Section
5(a) shall commence with the earliest administratively practicable payroll
period that begins on or after the Entry Date with respect to which the
Participant files an enrollment agreement in accordance with Section 5(a).

(d)           Automatic Continuation of Payroll
Deductions.  Unless a Participant
elects otherwise prior to the last Exercise Date of an Offering Period,
including the last Exercise Date prior to termination in the case of an
Offering Period terminated under Section 4(b) or 4(c) hereof, such Participant
shall be deemed (i) to have elected to participate in the immediately
succeeding Offering Period (and, for purposes of such Offering Period the
Participant’s “Entry Date” shall be deemed to be the first day of such Offering
Period) and (ii) to have authorized the same payroll deduction for the
immediately succeeding Offering Period as was in effect for the Participant
immediately prior to the commencement of the succeeding Offering Period.

(e)           Change of Payroll Deduction
Election.  A Participant may decrease
or increase the rate or amount of his or her payroll deductions during an
Offering Period (within the limitations of Section 6(b) above) by completing
and filing with the Company a new enrollment agreement authorizing a change in
the rate or amount of payroll deductions; provided, that a Participant may not
change the rate or amount of his or her payroll deductions more than once in
any Offering Period. Except as otherwise determined by the Committee under
rules applicable to 

 

4

all Participants, the
change in rate or amount shall be effective as of the earliest administratively
practicable payroll period that begins on or after the date the Committee
receives the new enrollment agreement. Additionally, a Participant may
discontinue his or her participation in the Plan as provided in Section 13(a).

(f)            Automatic Changes in Payroll
Deduction.  Notwithstanding the
foregoing, to the extent necessary to comply with Section 423(b)(8) of the
Code, Section 7(d) hereof, or any other applicable law, a Participant’s payroll
deductions for any calendar year may be decreased, including to 0%, at such
time during such calendar year that the aggregate of all payroll deductions
accumulated during such calendar year are equal to the product of $25,000
multiplied by the Applicable Percentage for the calendar year. Payroll
deductions shall recommence at the rate provided in the Participant’s
enrollment agreement at the beginning of the first Offering Period beginning in
the following calendar year, unless the Participant terminates participation as
provided in Section 13(a).

(g)           Special Rule for Initial Offering
Period.

(i)            Prior to Effectiveness of Form S-8.
No payroll deductions shall be made (and no payroll deduction elections shall
be accepted) by the Company for Participants during the initial Offering Period
prior to the time that a registration statement with respect to the shares of
Common Stock being offered under the Plan has been filed with the Securities and
Exchange Commission on Form S-8, and is effective. Subject to the
limitations provided in Section 7(d), each Participant shall be eligible to
purchase shares of Common Stock on the Exercise Date of the initial Offering
Period in an amount equal to ten percent (10%) of the Compensation that the
Participant receives during the initial Offering Period.

(ii)           After Effectiveness of Form S-8.
Once the registration statement with respect to the shares of Common Stock
being offered under the Plan has been filed with the Securities and Exchange
Commission on Form S-8, and is effective, a Participant may, but need
not, make a payroll deduction election with respect to the initial Offering
Period by filing an enrollment agreement containing the payroll deduction
election with the Company, as provided in Section 6(b) above. A Participant may
elect a lower level of participation than that provided in Section 6(g)(i)
above with respect to the initial Offering Period at that time, or may withdraw
from the Plan. If a payroll deduction is elected under this Section 6(g)(ii),
payroll deductions may commence as early as with the first pay period beginning
after the First Offering Date. Subject to the overall participation level
specified in Section 6(g)(i), the rate of payroll deduction during the initial
Offering Period may exceed the maximum permitted rate under Section 6(b) hereof
to make up for the payroll deductions, if any, which would otherwise have been
made prior to the effectiveness of the Form S-8 with respect to the Plan.
If a payroll deduction election is made under this Section 6(g)(ii), payroll
deductions shall continue at the rate elected by the Participant, up to the
maximum permitted rate under Section 6(b) hereof, for subsequent Offering
Periods, unless the Participant makes a change permitted under Section 6(e) or
withdraws from the Plan under Section 13(a). 
Alternatively, the Committee may permit 

 

5

purchases on the first
Exercise Date of the initial Offering Period to be made by direct lump sum cash
transfer by the Participant.

(iii)          Subsequent Offering Periods. For all
Offering Periods subsequent to the initial Offering Period, purchases generally
must be made via payroll deduction. Participants in the initial Offering Period
who do not make a payroll deduction election pursuant to Section 6(g)(ii) must
file an enrollment agreement containing a payroll deduction election with
respect to subsequent Offering Periods with the Company prior to the
commencement of a subsequent Offering Period (unless a later time for filing is
set by the Committee for all Participants) in order to make further purchases
under the Plan. Payroll deductions for Participants required to file a payroll
deduction election under this Section 6(g)(iii) shall commence, except as
otherwise determined by the Committee under rules applicable to all
Participants, effective as of the earliest administratively practicable payroll
period that begins on or after the first day of the subsequent Offering Period.
A Participant who does not timely file an enrollment agreement shall be treated
as having withdrawn under Section 13(a) hereof.

7.             Grant of Option.

(a)           Shares of Common Stock Subject to
Option.  On a Participant’s Entry
Date, subject to the limitations set forth in Section 7(d) and this Section
7(a), the Participant shall be granted an option to purchase on each subsequent
Exercise Date during the Offering Period in which such Entry Date occurs (at
the Exercise Price determined as provided in Section 7(b) below) up to a number
of shares of Common Stock determined by dividing such Participant’s Plan
Contributions accumulated prior to such Exercise Date and retained in the
Participant’s account as of such Exercise Date by the Exercise Price; provided,
that during any fiscal year, a Participant may purchase no more than the number
of shares whose aggregate exercise price equals $15,000.

(b)           Exercise Price.  The Exercise Price per share of Common Stock
offered to each Participant in a given Offering Period shall be the product of
the Applicable percentage multiplied by the lower of: (i) the greater of (A)
the Fair Market Value of a share of Common Stock on the Offering Date or (B)
the Fair Market Value of a share of Common Stock on the Entry Date on which the
Employee elects to become a Participant within the Offering Period or (ii) the
Fair Market Value of a share of Common Stock on the Exercise Date.  The Applicable Percentage with respect to
each Offering Period shall be 95%, unless and until such Applicable Percentage
is increased by the Committee, in its sole discretion, provided that any such
increase in the Applicable Percentage with respect to a given Offering Period
must be established not less than fifteen (15) days prior to the Offering Date
thereof.

(c)           Fair Market Value.  The Fair Market Value of a share of Common
Stock on a given date shall be determined by the Committee in its discretion;
provided, that if there is a public market for the Common Stock, the Fair
Market Value per share shall be either (i) if the Common Stock is listed on a stock
exchange, the closing price of the Common Stock on such exchange on such date
(or, in the event that the Common Stock is not traded on such date, on the 

 

6

immediately preceding
trading date), as reported in The Wall Street Journal, (ii) in the event the
Common Stock is not traded on a stock exchange, the closing price of the Common
Stock on such date (or, in the event that the Common Stock is not traded on
such date, on the immediately preceding trading date), as reported by the
National Association of Securities Dealers Automated Quotation (Nasdaq)
National Market System, (iii) if such price is not reported, the average of the
bid and asked prices for the Common Stock on such date (or, in the event that
the Common Stock is not traded on such date, on the immediately preceding
trading date), as reported by Nasdaq, or (iv) if no such quotations are
available for a date within a reasonable time prior to the valuation date, the
value of the Common Stock as determined by the Committee using any reasonable
means. For purposes of the First Offering Date, the Fair Market Value of a
share of Common Stock shall be initial public offering price as set forth in
the final prospectus filed by the Company with the Securities and Exchange
Commission pursuant to Rule 424 under the Securities Act f 1933, as amended.

(d)           Limitation on Option that may be
Granted.  Notwithstanding any
provision of the Plan to the contrary, no Participant shall be granted an
option under the Plan (i) to the extent that if, immediately after the grant,
such Employee (including any stock which is attributed to such Employee
pursuant to Section 424(d) of the Code) would own stock and/or hold outstanding
options to purchase stock possessing, in the aggregate, 5% or more of the total
combined voting power or value of all classes of stock of the Company or of any
Subsidiary of the Company as computed under Section 423(b)(3) of the Code and
the Treasury Regulations thereunder, or (ii) to the extent that his or her
rights to purchase stock under all employee stock purchase plans of the Company
and its Subsidiaries intended to qualify under Section 423 of the Code accrue
at a rate which exceeds $25,000 of Fair Market Value of stock (determined at
the time such option is granted) for each calendar year in which such option is
outstanding at any time, as determined in accordance with section 423(b)(8) of
the Code and the Treasury Regulations thereunder.

(e)           No Rights as Shareholder.  A Participant will have no interest or voting
right in shares covered by his option until such option has been exercised.

8.             Exercise of Options.

(a)           Automatic Exercise.  A Participant’s option for the purchase of
shares will be exercised automatically on each Exercise Date, and the maximum
number of full shares subject to the option shall be purchased for the
Participant at the applicable Exercise Price with the accumulated Plan
Contributions then credited to the Participant’s account under the Plan. During
a Participant’s lifetime, a Participant’s option to purchase shares hereunder
is exercisable only by the Participant.

(b)           Carryover of Excess Contributions.  Any amount remaining to the credit of a
Participant’s account after the purchase of shares by the Participant on an
Exercise Date, or which is insufficient to purchase a full share of Common
Stock, shall remain in the Participant’s account, and be carried over to the
next Offering Period, unless the Participant withdraws from 

 

7

participation in the Plan
or elects to withdraw his or her account balance in accordance with Section
10(c).

9.             Issuance of Shares.

(a)           Delivery of Shares.  The Company will hold in book-entry the
shares of Common Stock purchased by each Participant under the Plan.  Upon receipt of written request from or on
behalf of a Participant, the Company shall, as promptly as practicable, arrange
for the delivery to such Participant (or the Participant’s beneficiary), as
appropriate, or to a custodial account for the benefit of each Participant (or
the Participant’s beneficiary) as appropriate, of a certificate representing
the shares purchased under the Plan, and the Company shall assume, for tax
purposes, such Participant’s disposition of the underlying shares (unless such
Participant clearly advised the Company otherwise in writing).  In the event that a Participant provides a
written statement of his intention not to sell or otherwise dispose of such
shares as set forth in the foregoing sentence, such Participant shall be
required to report to the Company any subsequent disposition of such shares prior
to the expiration of the holding periods specified by Section 422(a)(1) of the
Code.  If and to the extent that such
disposition imposes upon the Company federal state, local or other withholding
tax requirements, or any such withholding is required to secure for the Company
an otherwise available tax deduction, the Participant must remit to the Company
an amount sufficient to satisfy those requirements.

(b)           Registration of Shares.  Shares to be delivered to a Participant under
the Plan will be registered in the name of the Participant or in the name of
the Participant and his or her spouse, as requested by the Participant.

(c)           Compliance with Applicable Laws.  The Plan, the grant and exercise of options
to purchase shares under the Plan, and the Company’s obligation to sell and
deliver shares upon the exercise of options to purchase shares shall be subject
to compliance with all applicable federal, state and foreign laws, rules and
regulations and the requirements of any stock exchange on which the shares may
then be listed.

(d)           Withholding.  The Company may make such provisions as it
deems appropriate for withholding by the Company pursuant to federal or state
tax laws of such amounts as the Company determines it is required to withhold
in connection with the purchase or sale by a Participant of any Common Stock
acquired pursuant to the Plan. The Company may require a Participant to satisfy
any relevant tax requirements before authorizing any issuance of Common Stock
to such Participant.

10.           Participant Accounts.

(a)           Bookkeeping Accounts Maintained.  Individual bookkeeping accounts will be
maintained for each Participant in the Plan to account for the balance of his
Plan Contributions, options issued, and shares purchased under the Plan.
However, all Plan Contributions made for a Participant shall be deposited in
the Company’s general corporate 

 

8

accounts, and no interest
shall accrue or be credited with respect to a Participant’s Plan Contributions.
All Plan Contributions received or held by the Company may be used by the
Company for any corporate purpose, and the Company shall not be obligated to
segregate or otherwise set apart such Plan Contributions from any other
corporate funds.

(b)           Participant Account Statements.  Statements of account will be given to
Participants semi-annually in due course following each Exercise Date,
which statements will set forth the amounts of payroll deductions, the per
share purchase price, the number of shares purchased and the remaining cash
balance, if any.

(c)           Withdrawal of Account Balance
Following Exercise Date.  A
Participant may elect at any time within the first thirty (30) days following
any Offering Period, or at such other time as the Committee may from time to
time prescribe, to receive in cash any amounts carried-over in accordance
with Section 8(b). An election under this Section 10(c) shall not be treated as
a withdrawal from participation in the Plan under Section 13(a).

11.           Designation of Beneficiary.

(a)           Designation.  A Participant may file a written designation
of a beneficiary who is to receive any shares and cash, if any, from the
Participant’s account under the Plan in the event of the Participant’s death
subsequent to an Exercise Date on which the Participant’s option hereunder is
exercised but prior to delivery to the Participant of such shares and cash. In
addition, a Participant may file a written designation of a beneficiary who is
to receive any cash from the Participant’s account under the Plan in the event
of the Participant’s death prior to the exercise of the option.

(b)           Change of Designation.  A Participant’s beneficiary designation may
be changed by the Participant at any time by written notice. In the event of
the death of a Participant and in the absence of a beneficiary validly
designated under the Plan who is living at the time of such Participant’s
death, the Company shall deliver such shares and/or cash to the executor or
administrator of the estate of the Participant, or if no such executor or
administrator has been appointed (to the knowledge of the Company), the
Company, in its discretion, may deliver such shares and/or cash to the spouse
or to any one or more dependents or relatives of the Participant, or if no
spouse, dependent or relative is known to the Company, then to such other person
as the Company may designate.

12.           Transferability. Neither Plan
Contributions credited to a Participant’s account nor any rights to exercise
any option or receive shares of Common Stock under the Plan may be assigned,
transferred, pledged or otherwise disposed of in any way (other than by will or
the laws of descent and distribution, or as provided in Section 11). Any
attempted assignment, transfer, pledge or other distribution shall be without
effect, except that the Company may treat such act as an election to withdraw
in accordance with Section 13(a).

 

9

13.           Withdrawal; Termination of
Employment.

(a)           Withdrawal.  A Participant may withdraw from the Plan at
any time after the Company’s registration statement on Form S-8 with
respect to the Plan is effective by giving written notice to the Company.
Payroll deductions, if any have been authorized, shall cease as soon as
administratively practicable after receipt of the Participant’s notice of
withdrawal, and, subject to administrative practicability, no further purchases
shall be made for the Participant’s account. All Plan Contributions credited to
the Participant’s account, if any, and not yet invested in Common Stock, will
be paid to the Participant as soon as administratively practicable after receipt
of the Participant’s notice of withdrawal. The Participant’s unexercised
options to purchase shares pursuant to the Plan automatically will be
terminated. Payroll deductions will not resume on behalf of a Participant who
has withdrawn from the Plan (a “Former Participant”) unless the Former
Participant enrolls in a subsequent Offering Period in accordance with Section
5(a) and subject to the restriction provided in Section 13(b), below.

(b)           Effect of Withdrawal on Subsequent
Participation.  A Former Participant
who has withdrawn from the Plan pursuant to this Section 13(b) shall not again
be eligible to participate in the Plan prior to the beginning of the Offering
Period that commences at least 12 months from the date the Former Participant
withdrew, and the Former Participant must submit a new enrollment agreement in
order to again become a Participant as of that date.

(c)           Termination of Employment.  Upon termination of a Participant’s
Continuous Status as an Employee prior to any Exercise Date for any reason,
including retirement or death, the Plan Contributions credited to the
Participant’s account and not yet invested in Common Stock will be returned to
the Participant or, in the case of death, to the Participant’s beneficiary as
determined pursuant to Section 11, and the Participant’s option to purchase
shares under the Plan will automatically terminate.

14.           Common Stock Available under the
Plan.

(a)           Number of Shares.  Subject to adjustment as provided in Section
14(b) below, the maximum number of shares of the Company’s Common Stock that
shall be made available for sale under the Plan shall be 1,500,000 shares;
provided, that the maximum number of shares that shall be made available for
sale under the Plan during each Offering Period shall be 150,000.  To the extent the number of shares available
for sale under the Plan during an Offering Period exceeds the number of shares
sold with respect to such Offering Period, the number of shares that shall be
made available for sale under the Plan during the immediately following
Offering Period shall be increased by the amount of such excess.  Shares of Common Stock subject to the Plan
may be newly issued shares or shares reacquired in private transactions or open
market purchases. If and to the extent that any right to purchase reserved
shares shall not be exercised by any Participant for any reason or if such
right to purchase shall terminate as provided herein, shares that have not been
so purchased hereunder shall again become available for the purpose of the Plan
unless the Plan shall have been terminated, but all shares sold under the Plan,
regardless of source, shall be counted against the limitation set forth
above.  If as of an Exercise Date,
Participants become entitled to purchase a number of shares greater than the
number of shares available with respect to the Offering Period ending on such
Exercise Date, the 

 

10

number of shares
available with respect to such Offering Period shall be sold to Participants on
a pro rata basis, based on the relative value of their cash account balances in
the Plan as of such Exercise Date.

(b)           Adjustments Upon Changes in
Capitalization; Corporate Transactions.

(i)            At any time after the completion
(the closing and funding) of the Company’s Initial Public Offering, if the
outstanding shares of Common Stock are increased or decreased, or are changed
into or are exchanged for a different number or kind of shares, as a result of
one or more reorganizations, restructurings, recapitalizations,
reclassifications, stock splits, reverse stock splits, stock dividends or the
like, upon authorization of the Committee, appropriate adjustments shall be
made in the number and/or kind of shares, and the per-share option price
thereof, which may be issued in the aggregate and to any Participant upon
exercise of options granted under the Plan.

(ii)           In the event of the proposed
dissolution or liquidation of the Company, the Offering Period will terminate
immediately prior to the consummation of such proposed action, unless otherwise
provided by the Committee.

(iii)          In the event of a proposed sale of all
or substantially all of the Company’s assets, or the merger of the Company with
or into another corporation (each, a “Sale Transaction”), each option under the
Plan shall be assumed or an equivalent option shall be substituted by such
successor corporation or a parent or subsidiary of such successor corporation,
unless the Committee determines, in the exercise of its sole discretion and in
lieu of such assumption or substitution, to shorten the Offering Period then in
progress by setting a new Exercise Date (the “New Exercise Date”). If the
Committee shortens the Offering Period then in progress in lieu of assumption
or substitution in the event of a Sale Transaction, the Committee shall notify
each Participant in writing, at least ten (10) days prior to the New Exercise
Date, that the exercise date for such Participant’s option has been changed to
the New Exercise Date and that such Participant’s option will be exercised
automatically on the New Exercise Date, unless prior to such date the
Participant has withdrawn from the Plan as provided in Section 13(a). For
purposes of this Section 14(b), an option granted under the Plan shall be
deemed to have been assumed if, following the Sale Transaction, the option
confers the right to purchase, for each share of option stock subject to the
option immediately prior to the Sale Transaction, the consideration (whether
stock, cash or other securities or property) received in the Sale Transaction
by holders of Common Stock for each share of Common Stock held on the effective
date of the Sale Transaction (and if such holders were offered a choice of
consideration, the type of consideration chosen by the holders of a majority of
the outstanding shares of Common Stock); provided, that if the consideration
received in the Sale Transaction was not solely common stock of the successor
corporation or its parent (as defined in Section 424(e) of the Code), the
Committee may, with the consent of the successor corporation and the
Participant, provide for the consideration to be received upon exercise of the
option to be solely common stock of the successor corporation or its parent
equal in fair market value to the per share consideration received by the
holders of Common Stock in the Sale Transaction.

 

11

(iv)          In all cases, the Committee shall have
sole discretion to exercise any of the powers and authority provided under this
Section 14, and the Committee’s actions hereunder shall be final and binding on
all Participants. No fractional shares of stock shall be issued under the Plan
pursuant to any adjustment authorized under the provisions of this Section 14.

15.           Administration.

(a)           Committee.  The Plan shall be administered by the
Committee. The Committee shall have the authority to interpret the Plan, to
prescribe, amend and rescind rules and regulations relating to the Plan, and to
make all other determinations necessary or advisable for the administration of
the Plan. The administration, interpretation, or application of the Plan by the
Committee shall be final, conclusive and binding upon all persons.

(b)           Requirements of Exchange Act.  Notwithstanding the provisions of Section
15(a) above, in the event that Rule 16b-3 promulgated under the Exchange
Act or any successor provision thereto (“Rule 16b-3”) provides specific
requirements for the administrators of plans of this type, the Plan shall only
be administered by such body and in such a manner as shall comply with the
applicable requirements of Rule 16b-3. Unless permitted by Rule 16b-3,
no discretion concerning decisions regarding the Plan shall be afforded to any
person that is not “disinterested” as that term is used in Rule 16b-3.

16.           Amendment, Suspension, and
Termination of the Plan.

(a)           Amendment of the Plan.  The Board or the Committee may at any time,
or from time to time, amend the Plan in any respect; provided, that (i) except
as otherwise provided in Section 4(c) hereof, no such amendment may make any
change in any option theretofore granted which adversely affects the rights of
any Participant and (ii) the Plan may not be amended in any way that will cause
rights issued under the Plan to fail to meet the requirements for employee
stock purchase plans as defined in Section 423 of the Code or any successor thereto.
To the extent necessary to comply with Rule 16b-3 under the Exchange Act,
Section 423 of the Code, or any other applicable law or regulation), the
Company shall obtain shareholder approval of any such amendment.

(b)           Suspension of the Plan.  The Board or the Committee may, as of the
close of any Exercise Date, suspend the Plan; provided, that the Board or
Committee provides notice to the Participants at least five (5) business days
prior to the suspension. The Board or Committee may resume the normal operation
of the Plan as of any Exercise Date; provided further, that the Board or
Committee provides notice to the Participants at least twenty (20) business
days prior to the date of termination of the suspension period. A Participant
shall remain a Participant in the Plan during any suspension period (unless he
or she withdraws pursuant to Section 13(a)), however no options shall be
granted or exercised, and no payroll deductions shall be made in respect of any
Participant during the suspension period. Participants shall have the 

 

12

right to withdraw
carryover funds provided in Section 10(c) throughout any suspension period. The
Plan shall resume its normal operation upon termination of a suspension period.

(c)           Termination of the Plan.  The Plan and all rights of Employees
hereunder shall terminate on the earliest of:

(i)            such date as is determined by the
Board in its discretion; and

(ii)           the last Exercise Date immediately
preceding the sixth (6th) anniversary of the Plan’s effective date.

17.           Notices. All notices or other
communications by a Participant to the Company under or in connection with the
Plan shall be deemed to have been duly given when received in the form
specified by the Company at the location, or by the person, designated by the
Company for the receipt thereof.

18.           Expenses of the Plan. All
costs and expenses incurred in administering the Plan shall be paid by the
Company, except that any stamp duties or transfer taxes applicable to
participation in the Plan may be charged to the account of such Participant by
the Company.

19.           No Employment Rights. The Plan
does not, directly or indirectly, create any right for the benefit of any
employee or class of employees to purchase any shares under the Plan, or create
in any employee or class of employees any right with respect to continuation of
employment by the Company or any Subsidiary, and it shall not be deemed to
interfere in any way with the right of the Company or any Subsidiary to
terminate, or otherwise modify, an employee’s employment at any time.

20.           Applicable Law. The internal
laws of the State of Delaware shall govern all matters relating to this Plan
except to the extent (if any) superseded by the laws of the United States.

21.           Additional Restrictions of Rule
16b-3. The terms and conditions of options granted hereunder to, and
the purchase of shares by, persons subject to Section 16 of the Exchange Act
shall comply with the applicable provisions of Rule 16b-3. This Plan
shall be deemed to contain, and such options shall contain, and the shares
issued upon exercise thereof shall be subject to, such additional conditions
and restrictions as may be required by Rule 16b-3 to qualify for the
maximum exemption from Section 16 of the Exchange Act with respect to Plan
transactions.

22.           Effective Date. Subject to
adoption of the Plan by the Board, the Plan shall become effective on the First
Offering Date. The Board shall submit the Plan to the shareholders of the
Company for approval within twelve months after the date the Plan is adopted by
the Board.

*     *    
*     *

 

13Exhibit 10.9

SOLERA HOLDINGS, INC.

DIRECTOR INDEMNIFICATION AGREEMENT

THIS AGREEMENT (this “Agreement”)
is made as of ______________, 2007, by and between Solera Holdings, Inc., a
Delaware corporation (the “Company”, which term shall include, where
appropriate, any Entity (as hereinafter defined) controlled directly or
indirectly by the Company) and ______________ (the “Indemnitee”).

WHEREAS, it is essential
to the Company that it be able to retain and attract as directors the most
capable persons available;

WHEREAS, increased
corporate litigation has subjected directors to litigation risks and expenses,
and the limitations on the availability of directors and officers liability
insurance have made it increasingly difficult for companies to attract and
retain such persons;

WHEREAS, the Company
desires to provide Indemnitee with specific contractual assurance of Indemnitee’s
rights to full indemnification against litigation risks and expenses
(regardless, among other things, of any amendment to the Company’s certificate
of incorporation or revocation of any provision of the Company’s by-laws or any
change in the ownership of the Company or the composition of its Board of
Directors); and

WHEREAS, Indemnitee is
relying upon the rights afforded under this Agreement in accepting Indemnitee’s
position as a director of the Company.

NOW, THEREFORE, in
consideration of the promises and the covenants contained herein, the Company
and Indemnitee do hereby covenant and agree as follows:

1.             Definitions.

(a)           “Corporate Status” describes
the status of a person who is serving or has served (i) as a director of the
Company, including as a member of any committee thereof, (ii) in any capacity
with respect to any employee benefit plan of the Company, or (iii) as a
director, partner, trustee, officer, employee, or agent of any other Entity at
the request of the Company.  For purposes
of subsection (iii) of this Section 1(a), an officer or director of the Company
who is serving or has served as a director, partner, trustee, officer, employee
or agent of a Subsidiary (as defined below) shall be deemed to be serving at
the request of the Company.

(b)           “Entity” shall mean any
corporation, partnership, limited liability company, joint venture, trust,
foundation, association, organization or other legal entity.

(c)           “Expenses” shall mean all
fees, costs and expenses incurred in connection with any Proceeding (as defined
below), including, without limitation, reasonable attorneys’ fees,
disbursements and retainers (including, without limitation, any such fees,
disbursements and retainers incurred by Indemnitee pursuant to Sections 8 and
10(c) of this Agreement), fees and disbursements of expert witnesses, private
investigators and 

professional advisors
(including, without limitation, accountants and investment bankers), court
costs, transcript costs, fees of experts, travel expenses, duplicating,
printing and binding costs, telephone and fax transmission charges, postage,
delivery services, secretarial services and other disbursements and expenses.

(d)           “Indemnifiable Expenses,” “Indemnifiable
Liabilities” and “Indemnifiable Amounts” shall have the meanings ascribed to
those terms in Section 3(a) below.

(e)           “Liabilities” shall mean
judgments, damages, liabilities, losses, penalties, excise taxes, fines and
amounts paid in settlement.

(f)             “Proceeding” shall mean any
threatened, pending or completed claim, action, suit, arbitration, alternate
dispute resolution process, investigation, administrative hearing, appeal, or
any other proceeding, whether civil, criminal, administrative, arbitrative or
investigative, whether formal or informal, including a proceeding initiated by
Indemnitee pursuant to Section 10 of this Agreement to enforce Indemnitee’s
rights hereunder.

(g)           “Subsidiary” shall mean any corporation,
partnership, limited liability company, joint venture, trust or other Entity of
which the Company owns (either directly or through or together with another
Subsidiary of the Company) either (i) a general partner, managing member or
other similar interest or (ii) (A) 50% or more of the voting power of the
voting capital equity interests of such corporation, partnership, limited
liability company, joint venture or other Entity, or (B) 50% or more of the
outstanding voting capital stock or other voting equity interests of such
corporation, partnership, limited liability company, joint venture or other
Entity.

2.             Services of Indemnitee.  In consideration of the Company’s covenants
and commitments hereunder, Indemnitee agrees to serve or continue to serve as a
director of the Company.  However, this
Agreement shall not impose any obligation on Indemnitee or the Company to
continue Indemnitee’s service to the Company beyond any period otherwise
required by law or by other agreements or commitments of the parties, if any.

3.             Agreement to Indemnify.  The Company agrees to indemnify Indemnitee as
follows:

(a)           Subject to the exceptions contained
in Section 4(a) below, if Indemnitee was or is a party or is threatened to be
made a party to any Proceeding (other than an action by or in the right of the
Company) by reason of Indemnitee’s Corporate Status, Indemnitee shall be
indemnified by the Company against all Expenses and Liabilities incurred or
paid by Indemnitee in connection with such Proceeding (referred to herein as “Indemnifiable
Expenses” and “Indemnifiable Liabilities,” respectively, and
collectively as “Indemnifiable Amounts”).

(b)           Subject to the exceptions contained
in Section 4(b) below, if Indemnitee was or is a party or is threatened to be
made a party to any Proceeding by or in the right of the Company to procure a
judgment in its favor by reason of Indemnitee’s Corporate 

-2-

 

Status, Indemnitee shall
be indemnified by the Company against all Indemnifiable Expenses.

(c)           If any of GTCR Fund VIII, L.P., GTCR
Fund VIII/B, L.P., GTCR Co-Invest II, L.P., or any of their affiliates (each, a
“GTCR Fund”) is or is threatened to be made a party to or a participant
in any Proceeding, and the GTCR Fund’s involvement in the Proceeding arises in
whole or in part from the Indemnitee’s service to the Company as an officer or
director of the Company, then the GTCR Fund shall be entitled to all of the
indemnification rights and remedies, and shall to the extent indemnified
hereunder, undertake the obligations of the Indemnitee, under this Agreement to
the same extent as Indemnitee.

4.             Exceptions to Indemnification.  Indemnitee shall be entitled to
indemnification under Sections 3(a) and 3(b) above in all circumstances other
than the following:

(a)           If indemnification is requested under
Section 3(a) and it has been adjudicated finally by a court of competent
jurisdiction that, in connection with the subject of the Proceeding out of
which the claim for indemnification has arisen, Indemnitee failed to act (i) in
good faith and (ii) in a manner Indemnitee reasonably believed to be in or not
opposed to the best interests of the Company and, with respect to any criminal
action or proceeding, Indemnitee had reasonable cause to believe that
Indemnitee’s conduct was unlawful, Indemnitee shall not be entitled to payment
of Indemnifiable Amounts hereunder.

(b)           If indemnification is requested under
Section 3(b) and

(i)            it has been
adjudicated finally by a court of competent jurisdiction that, in connection
with the subject of the Proceeding out of which the claim for indemnification
has arisen, Indemnitee failed to act (A) in good faith and (B) in a manner
Indemnitee reasonably believed to be in or not opposed to the best interests of
the Company, Indemnitee shall not be entitled to payment of Indemnifiable
Expenses hereunder; or

(ii)           it has been
adjudicated finally by a court of competent jurisdiction that Indemnitee is
liable to the Company with respect to any claim, issue or matter involved in
the Proceeding out of which the claim for indemnification has arisen,
including, without limitation, a claim that Indemnitee received an improper
personal benefit, no Indemnifiable Expenses shall be paid with respect to such
claim, issue or matter unless the court of law or another court in which such
Proceeding was brought shall determine upon application that, despite the
adjudication of liability, but in view of all the circumstances of the case,
Indemnitee is fairly and reasonably entitled to indemnity for such
Indemnifiable Expenses which such court shall deem proper.

5.             Procedure for Payment of Indemnifiable Amounts.  Indemnitee shall submit to the Company a
written request specifying the Indemnifiable Amounts for which Indemnitee seeks
payment under Section 3 of this Agreement and the basis for the claim.  The Company shall pay 

-3-

such Indemnifiable Amounts to Indemnitee within ten
(10) calendar days following receipt of the request.

6.             Indemnification for Expenses of a Party Who is Wholly
or Partly Successful. 
Notwithstanding any other provision of this Agreement, and without
limiting any such provision, to the extent that Indemnitee is, by reason of
Indemnitee’s Corporate Status, a party to and is successful, on the merits or
otherwise, in any Proceeding, Indemnitee shall be indemnified against all
Expenses reasonably incurred by Indemnitee or on Indemnitee’s behalf in
connection therewith.  If Indemnitee is
not wholly successful in such Proceeding but is successful, on the merits or
otherwise, as to one or more but less than all claims, issues or matters in
such Proceeding, the Company shall indemnify Indemnitee against all Expenses
reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with
each successfully resolved claim, issue or matter.  For purposes of this Agreement, the
termination of any claim, issue or matter in such a Proceeding by dismissal,
with or without prejudice, shall be deemed to be a successful result as to such
claim, issue or matter.

7.             Effect of Certain Resolutions.  Neither the settlement nor termination of any
Proceeding nor the failure of the Company to award indemnification or to
determine that indemnification is payable shall create an adverse presumption
that Indemnitee is not entitled to indemnification hereunder.  In addition, the termination of any
proceeding by judgment, order, settlement, conviction, or upon a plea of nolo
contendere or its equivalent shall not create a presumption that Indemnitee did
not act in good faith and in a manner which Indemnitee reasonably believed to
be in or not opposed to the best interests of the Company or, with respect to
any criminal action or proceeding, had reasonable cause to believe that
Indemnitee’s action was unlawful.

8.             Agreement to Advance Expenses; Conditions.  The Company shall pay to Indemnitee all
Indemnifiable Expenses incurred by Indemnitee in connection with any
Proceeding, including a Proceeding by or in the right of the Company, in
advance of the final disposition of such Proceeding, as the same are
incurred.  To the extent required by
Delaware corporate law, Indemnitee hereby undertakes to repay the amount of
Indemnifiable Expenses paid to Indemnitee if it is finally determined by a
court of competent jurisdiction that Indemnitee is not entitled under this
Agreement to indemnification with respect to such Expenses.  This undertaking is an unlimited and
unsecured general obligation of Indemnitee and no interest shall be charged
thereon.

9.             Procedure for Advance Payment of Expenses.  Indemnitee shall submit to the Company a
written request specifying the Indemnifiable Expenses for which Indemnitee
seeks an advancement under Section 8 of this Agreement, together with
documentation evidencing that Indemnitee has incurred such Indemnifiable
Expenses.  Payment of Indemnifiable
Expenses under Section 8 shall be made no later than ten (10) calendar days
after the Company’s receipt of such request.

10.           Remedies of Indemnitee.

(a)           Right to Petition Court.  In the event that Indemnitee makes a request
for payment of Indemnifiable Amounts under Sections 3 and 5 above or a request
for an 

-4-

advancement of
Indemnifiable Expenses under Sections 8 and 9 above and the Company fails to
make such payment or advancement in a timely manner pursuant to the terms of
this Agreement, Indemnitee may petition a court of law to enforce the Company’s
obligations under this Agreement.

(b)           Burden of Proof.  In any judicial proceeding brought under
Section 10(a) above, the Company shall have the burden of proving that
Indemnitee is not entitled to payment of Indemnifiable Amounts hereunder.

(c)           Expenses.  The Company agrees to reimburse Indemnitee in
full for any Expenses incurred by Indemnitee in connection with investigating,
preparing for, litigating, defending or settling any action brought by
Indemnitee under Section 10(a) above, or in connection with any claim or
counterclaim brought by the Company in connection therewith.

(d)           Validity of Agreement.  The Company shall be precluded from asserting
in any Proceeding, including, without limitation, an action under Section 10(a)
above, that the provisions of this Agreement are not valid, binding and
enforceable or that there is insufficient consideration for this Agreement and
shall stipulate in court that the Company is bound by all the provisions of
this Agreement.

(e)           Failure to Act Not a Defense.  The failure of the Company (including its
Board of Directors or any committee thereof, independent legal counsel or
stockholders) to make a determination concerning the permissibility of the
payment of Indemnifiable Amounts or the advancement of Indemnifiable Expenses
under this Agreement shall not be a defense in any action brought under Section
10(a) above, and shall not create a presumption that such payment or
advancement is not permissible.

11.           Representations and Warranties of
the Company.  The Company hereby
represents and warrants to Indemnitee as follows:

(a)           Authority.  The Company has all necessary power and
authority to enter into, and be bound by the terms of, this Agreement, and the
execution, delivery and performance of the undertakings contemplated by this
Agreement have been duly authorized by the Company.

(b)           Enforceability.  This Agreement, when executed and delivered
by the Company in accordance with the provisions hereof, shall be a legal,
valid and binding obligation of the Company, enforceable against the Company in
accordance with its terms, except as such enforceability may be limited by
applicable bankruptcy, insolvency, moratorium, reorganization or similar laws
affecting the enforcement of creditors’ rights generally.

12.           Insurance.  The Company shall, as promptly as practicable
following the date hereof, use reasonable efforts to obtain and maintain
directors and officers’ liability insurance coverage on terms reasonably
satisfactory to the Company’s Board of Directors.  In all policies of director and officer
liability insurance, Indemnitee shall be named as an insured in such a 

-5-

manner as to provide Indemnitee the same rights and
benefits as are accorded to the most favorably insured of the Company’s
officers and directors.

13.           Fees and Expenses.  During the term of the Indemnitee’s service
as a director, the Company shall promptly reimburse the Indemnitee for all
expenses incurred by him in connection with his service as a director or member
of any board committee or otherwise in connection with the Company’s business
and shall pay or provide the Indemnitee with fees and other compensation,
including stock options or awards, in amounts and value which are at least
equal to those provided to any of the Company’s other non-employee directors
from time to time.

14.           Contract Rights Not Exclusive.  The rights to payment of Indemnifiable
Amounts and advancement of Indemnifiable Expenses provided by this Agreement
shall be in addition to, but not exclusive of, any other rights which
Indemnitee may have at any time under applicable law, the Company’s by-laws or
certificate of incorporation, or any other agreement, vote of stockholders or
directors (or a committee of directors), or otherwise, both as to action in
Indemnitee’s official capacity and as to action in any other capacity as a
result of Indemnitee’s serving as a director of the Company.

15.           Successors.  This Agreement shall be (a) binding upon all
successors and assigns of the Company (including any transferee of all or a
substantial portion of the business, stock and/or assets of the Company and any
direct or indirect successor by merger or consolidation or otherwise by
operation of law) and (b) binding on and shall inure to the benefit of the
heirs, personal representatives, executors and administrators of Indemnitee.  This Agreement shall continue for the benefit
of Indemnitee and such heirs, personal representatives, executors and
administrators after Indemnitee has ceased to have Corporate Status.

16.           Subrogation.  In the event of any payment of Indemnifiable
Amounts under this Agreement, the Company shall be subrogated to the extent of
such payment to all of the rights of contribution or recovery of Indemnitee
against other persons, and Indemnitee shall take, at the request and expense of
the Company, all reasonable action necessary to secure such subrogation rights,
including the execution of such documents as are necessary to enable the
Company to bring suit to enforce such rights.

17.           Change in Law.  To the extent that a change in Delaware law
(whether by statute or judicial decision) shall permit broader indemnification
or advancement of expenses than is provided under the terms of the certificate
of incorporation and/or by-laws of the Company and this Agreement, Indemnitee
shall be entitled to such broader indemnification and advancements, and this
Agreement shall be deemed to be automatically amended to such extent.

18.           Severability.  Whenever possible, each provision of this
Agreement shall be interpreted in such a manner as to be effective and valid
under applicable law, but if any provision of this Agreement, or any clause
thereof, shall be determined by a court of competent jurisdiction to be
illegal, invalid or unenforceable, in whole or in part, such provision or
clause shall be limited or modified in its application to the minimum extent
necessary to make such provision or clause valid, legal and enforceable, and
the remaining provisions and clauses of this Agreement shall remain fully
enforceable and binding on the parties.

-6-

 

19.           Indemnitee as Plaintiff.  Except as provided in Section 10(c) of this
Agreement and in the next sentence, Indemnitee shall not be entitled to payment
of Indemnifiable Amounts or advancement of Indemnifiable Expenses with respect
to any Proceeding brought by Indemnitee against the Company, any Entity which
it controls, any director or officer thereof, or any third party, unless such
Company has consented to the initiation of such Proceeding.  This Section shall not apply to counterclaims
or affirmative defenses asserted by Indemnitee in an action brought against
Indemnitee.

20.           Modifications and Waiver.  Except as provided in Section 17 above with
respect to changes in Delaware law which broaden the right of Indemnitee to be
indemnified by the Company, no supplement, modification or amendment of this
Agreement shall be binding unless executed in writing by each of the parties
hereto.  No waiver of any of the
provisions of this Agreement shall be deemed or shall constitute a waiver of
any other provisions of this Agreement (whether or not similar), nor shall such
waiver constitute a continuing waiver.

21.           General Notices.  All notices, demands and other communications
to be given or delivered under or by reason of the provisions of this Agreement
shall be in writing and shall be deemed to have been given (i) when personally
delivered, sent by telecopy (with hard copy to follow) upon receipt of
mechanical confirmation of delivery, (ii) for deliveries within the continental
United States, one day following the day when deposited with a reputable and
established overnight express courier (charges prepaid), (iii) for overseas
deliveries, five days following the day when deposited with a reputable and
established overnight express courier (charges prepaid), or (iv) for deliveries
within the continental United States, five days following mailing by certified
or registered mail, postage prepaid and return receipt requested:

	
   

  	
  (i)

  	
  If to Indemnitee, to:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  [NAME]

  
	
   

  	
   

  	
  [ADDRESS]

  
	
   

  	
   

  	
  [ADDRESS]

  
	
   

  	
   

  	
  [ADDRESS]

  
	
   

  	
   

  	
  Telecopy: [NUMBER]

  
	
   

  	
   

  	
   

  
	
   

  	
  (ii)

  	
  If
  to the Company, to:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Solera Holdings, Inc.

  
	
   

  	
   

  	
  6111 Bollinger Canyon Road, Suite 200

  
	
   

  	
   

  	
  San Ramon, CA
  94583

  
	
   

  	
   

  	
  Attn: Chief
  Executive Officer

  
	
   

  	
   

  	
  Telephone: (925)
  866-1100

  
	
   

  	
   

  	
  Telecopy: (858)
  430-3578

  

 

or to such other address as may have been furnished in
the same manner by any party to the others.

-7-

 

22.           Governing Law.  This Agreement shall be governed by and
construed and enforced under the laws of the State of Delaware without giving
effect to the provisions thereof relating to conflicts of law.

*   *  
*   *   *

 

IN WITNESS WHEREOF, the
parties hereto have executed this Agreement as of the day and year first above
written.

	
   

  	
  SOLERA HOLDINGS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  INDEMNITEE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  [NAME]

  

 

-8-

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