Document:

Exhibit 10.11.1

AGREEMENT

This Agreement is made as of
this 5th day of November, 2006, by and between
Traffic.com, Inc. (the “Company”) and Robert N. Verratti (the “Executive”).

WHEREAS, Executive is currently an employee of the
Company, with the title of Chief Executive Officer;

WHEREAS, it is the desire of the Company and in its
best interest to provide Executive with certain assurances concerning his
future with the Company, in the event certain circumstances arise; and

WHEREAS, on May 23rd, 2006 the Compensation Committee of the
Company’s Board of Directors approved the principal terms embodied in this
Agreement and the execution of an agreement with the Executive on the terms
contained herein.

NOW, THEREFORE, in consideration of the premises and
the mutual covenants herein contained and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the Company and Executive hereby agree as follows:

1.             Change
in Control.  For purposes of this
Agreement, the term “Change in Control” shall mean the consummation of (a) a
merger, consolidation or sale of the Company, as a result of which the Company’s
security holders (measured as of the date immediately prior to such merger,
consolidation or sale) own or control less than fifty percent (50%) of the
total combined voting power of the resulting entity of such merger,
consolidation or sale; (b) the sale, transfer or other disposition of a
majority of the Company’s non-liquid assets to an unaffiliated third party.

2.             Cause.  For purposes of this Agreement, the term “Cause”
shall mean: (a) the Executive’s willful refusal or failure to perform a
material and substantial part of his or her professional duties, which refusal
or failure is not cured within fifteen (15) days following receipt from
the Company of written notice thereof; (b) the Executive’s commission of a
felony, or of any material act of fraud, or criminal conduct involving or
relating in any material way to the Company, (c) the Executive’s willful
violation of any material governmental law, rule or regulation or any judicial
ruling, order or decree applicable to the business of the Company, in each case
having a material adverse effect on the Company, or any act of willful
malfeasance or personal dishonesty materially injurious to the Company, or
(d) the Executive’s intentional and material breach of any
confidentiality, non-competition, non-solicitation or similar agreement with
the Company.

3.             Prior
Agreements.  It is intended by the
parties that the provisions of this Agreement be read as consistent with the
provisions of the  pre-existing
employment agreement of Executive by the Company, dated October 1, 2004 (the “Employment
Agreement”) and/or any existing stock option agreement between the Company and
the Executive outstanding as of the date hereof. The Employment Agreement and any such pre-existing stock option agreements shall remain in
full force and effect. The payments and the other executive benefits described
herein shall be deemed to be in addition to any benefits, payments, etc called
for in the Employment Agreement or in such pre-existing option agreements.

 

 

4.             Triggering Events.

A.            In the event that a
Change in Control occurs, regardless of other vesting provisions set forth in
the instruments detailing such awards, all outstanding unvested stock options,
restricted stock, SARs or other awards made under any of the Company’s
incentive plans (collectively, “Unvested Awards”) held by Executive as of the
date of the Change in Control shall be deemed to become immediately vested upon
the Change in Control.

B.            In the event that
either (a) the Company or its successor terminates Executive’s employment,
other than for Cause, or (b) Executive terminates his employment for any
reason, and within three (3) months following either such termination,
(c) a Change in Control occurs, upon the occurrence of such Change in Control,
the following shall take place:

(i)           All Unvested Awards
held by Executive as of the date of termination, shall be deemed to have become
vested, irrespective of any lapse which would otherwise have been deemed to
have occurred upon the date of termination, and shall thereafter, in the case
of options, SARs or similar awards, be exercisable upon such terms as shall
conform to the treatment of other options, etc. in connection with the Change
in Control; and

(ii)          The Company or its
successor shall pay to Executive a lump sum of cash equal to $290,000.

C.            In the event that
(a) a Change in Control occurs, and, within twelve (12) months following the
date of the Change in Control, either (b) the Company or its successor
terminates Executive’s employment, other than for Cause, or (c) Executive
terminates his employment for any reason, upon such a termination, the Company
or its successor shall pay to Executive a lump sum of cash equal to $290,000.

To
the extent that any payments under Paragraph 4A or Paragraph 4B are subject to
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and
the Change in Control is not also a “change in control event” as defined in
applicable guidance under such section, payment shall not be made on the Change
in Control; rather, payment shall be made (I) in the case of Paragraph 4A, on
the earlier of Executive’s separation from service or the date payment would
have been made under the terms of the applicable plan or award, and (II) in the
case of Paragraph 4B, on the three month anniversary of Executive’s separation
from service, provided that, for the avoidance of doubt, the references in this
sentence to “payments” or “payment” are not intended to refer to the vesting of
stock options and shall not be construed to defer or prevent the vesting of
stock options.  In addition, to the
extent that any payments hereunder are subject to the timing rules of Section
409A(a)(2)(B)(i) of the Code (because they are made to “specified employees” in
connection with a “separation from service” as defined therein), then such
payments shall be made only within the timing rules of such statute, by
delaying, to the extent thus required, such payments until six months after the
date of separation.

5.             Miscellaneous.

5.1.          Assignment.  This Agreement shall inure to the benefit of
and be binding upon the Company’s successors and assigns.

 

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5.2.          Severability/Reformation.  In the event that any provision of this
Agreement is determined to be legally invalid, the affected provision shall be
stricken from the Agreement and the remaining terms of the Agreement shall be
enforced so as to give effect to the intention of the parties to the maximum
extent practicable, and this Agreement shall be construed and reformed to the
maximum extent permitted by law.

5.3.          Waiver; Amendment.  Any waiver by the Executive of a breach of
any provision of this Agreement shall not operate or be construed as a waiver
of any subsequent breach of such provision or any other provision hereof. In
addition, any amendment to or modification of this Agreement or any waiver of
any provision hereof must be in writing and signed by the Executive and the
Company.

5.4.          Notices.  All notices, requests and other
communications provided for by this Agreement shall be in writing and shall be
effective when delivered in person or four business days after being deposited
in the mail of the United States, postage prepaid, registered or certified, and
addressed (a) in the case of Executive, to the address set forth underneath his
signature to this Agreement or (b) in the case of the Company, to the attention
of the Board of Directors, 851 Duportail Road, Wayne, PA 19087 and/or to such
other address as either party may specify by notice to the other.

5.5.          Entire Agreement.  This Agreement, the Employment Agreement, the
stock options agreements referenced in Section 4 and that certain Indemnity
Agreement dated May 8, 2006 by and between the Company and the Executive
constitute the entire agreement between the Company and Executive with respect
to the terms and conditions of Executive’s employment with the Company and
supersede and cancel all prior communications, agreements and understanding,
written or oral, between Executive and the Company with respect to the terms
and conditions of Executive’s employment with the Company.

5.6.          Counterparts.  This Agreement may be executed in
counterparts, each of which shall be original and all of which together, shall
constitute one and the same instrument.

5.7.          Governing Law.  This Agreement, the employment relationship
contemplated herein and any claim arising under this Agreement or from such
relationship, whether or not arising under this Agreement, shall be governed by
and construed in accordance with the internal laws of the Commonwealth of
Pennsylvania without giving effect to any choice or conflict of laws provisions
or rule thereof, and this Agreement shall be deemed to be performable in the Commonwealth
of Pennsylvania.

5.8.          Resolutions of
Disputes.  Any claim arising out of
or relating to any relationship between Executive and the Company or any
termination thereof, whether or not arising out of or relating to this
Agreement, shall be resolved by binding confidential arbitration, to be held in
Chester or Philadelphia County, Pennsylvania in accordance with the Commercial
Arbitration Rules of the American Arbitration Association then in effect. The
arbitration award shall be final and binding on the parties and enforceable by
either party in a court of competent jurisdiction in the Commonwealth of
Pennsylvania. Exclusive jurisdiction over entry of judgment upon arbitration
award rendered shall be any court appropriate subject matter jurisdiction in
the Commonwealth of Pennsylvania and the parties by this Agreement expressly
subject themselves to the personal jurisdiction of said court for the entry of
any such judgment, 

 

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for the
resolution of any dispute, action, or suit arising in connection with the entry
of such judgment or to enforce the award as stated in the previous sentence.
The prevailing party in any such arbitration will be entitled to receive from
the other party its attorneys’ fees and other costs and expenses incurred by
such party in connection with the arbitration in addition to any award or
damage recovery.

IN WITNESS WHEREOF, this Agreement has been executed by the Company, by
its duly authorized representative, and by Executive, as of the date first
above written.

	
   

  	
  TRAFFIC.COM,
  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Its 

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  EXECUTIVE: ROBERT N. VERRATTI

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/

  
	
   

  	
  Address:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
				

 

 4Exhibit
10.1

AMENDMENT TO

AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF

LEXFORD PROPERTIES, L.P.

This
AMENDMENT TO AMENDED AND RESTATED LIMITED
PARTNERSHIP AGREEMENT OF LEXFORD PROPERTIES, L.P. (this “Amendment”)
is made and entered into as of the 1st day of September 2006 by ERP OPERATING LIMITED
PARTNERSHIP, an Illinois limited partnership, as limited partner, and LEXFORD
PARTNERS, L.L.C., an Ohio limited liability company, as the general
partner (the “General Partner”) of LEXFORD PROPERTIES, L.P., an Ohio limited
partnership (the “Partnership”).

R  E  C  I  T
A  L  S:

WHEREAS, ERP and the General
Partner are parties to that certain Amended and Restated Limited Partnership
Agreement dated as of October 1, 1999 (the “Partnership Agreement”; all terms
used in this Amendment have the meanings given them in the Partnership
Agreement) governing the business and affairs of Lexford Properties, L.P., an
Ohio limited partnership (the “Partnership”);

WHEREAS, Section 11.5(a) of the
Partnership Agreement authorizes ERP and the General Partner to enter into this
Amendment;

WHEREAS, the Partnership has
entered into those certain Lexford  LLC
Membership Interest Transfer Agreements 1S through 6, inclusive, each dated as
of June 28, 2006, with affiliates of Empire Asset Group LLC (collectively, the “Transfer
Agreements”), pursuant to which the Partnership has agreed to sell its sole
member’s interests in six limited liability companies that indirectly own 254
of the Partnership’s multifamily residential properties and 30 wholly owned and
majority owned subsidiaries of the Partnership have concurrently entered into
that certain Agreement for Sale of Real Estate and Related Property (together
with the Transfer Agreements”, the “Sale Agreements”) pursuant to which such
subsidiaries have agreed to convey title to 27 of the Partnership’s multifamily
residential properties;

WHEREAS, the Partnership intends
to apply the net proceeds to be received upon the consummation of the Sale
Agreements to the fullest extent possible to effect tax deferred like kind
exchanges under Section 1031 of the Internal Revenue Code and to reinvest any
remaining net proceeds in additional assets; and

WHEREAS, the parties therefore
desire to eliminate any ambiguity that might otherwise arise under the terms of
the Partnership Agreement as a consequence of 
the consummation of the transactions contemplated by the Sale
Agreements.

NOW, THEREFORE, the Partnership
Agreement is hereby amended as follows:

 

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1.   Amendment to Section 10.1(a)(v) of
Partnership Agreement.   Section 10.1(a)(v) of the
Partnership Agreement is hereby amended by adding the following language to the
end thereof immediately preceding the semicolon:

“(provided, however,
that the consummation of the transactions contemplated by all those certain
Lexford LLC Membership Interest Transfer Agreements and that certain
Agreement for Sale of Real Estate and Related Property, each dated as of June
28, 2006, by and between the Partnership or certain of its Subsidiaries, on the
one hand, and Affiliates of Empire Asset Group LLC, on the other hand, will not
constitute a ‘sale of all or substantially all of the assets of the Partnership
for cash or for marketable securities’ within the meaning of this Section
10(a)(v) du to the fact that the proceeds of such transactions will be paid
directly to qualified exchange intermediaries for the purpose of effecting like
kind deferred property exchanges or will otherwise be reinvested in additional
tangible assets of the Partnership)”

2.   Miscellaneous.

2.01.                        This Amendment sets forth
the entire agreement between the parties with respect to the matters set forth
herein.  There have been no additional
oral or written representations or agreements.

2.02.                        Except as herein modified or amended, the provisions, conditions and
terms of the Partnership Agreement shall remain unchanged and in full force and
effect.

2.03.                        In the case of any inconsistency between the provisions of the
Partnership Agreement and this Amendment, the provisions of this Amendment
shall govern and control.

 

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IN WITNESS
WHEREOF, the parties have
caused this Amendment to be executed by their authorized representatives as of
the date first set forth above.

	
  

  	
  ERP OPERATING LIMITED
  PARTNERSHIP

  
	
   

  	
  By:

  	
  Equity Residential, its
  general partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Bruce C. Strohm

  
	
   

  	
  Name:

  	
  Bruce C. Strohm

  
	
   

  	
  Title:

  	
  Executive Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  LEXFORD PARTNERS, L.L.C.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Barbara Shuman

  
	
   

  	
   

  	
  Its Manager

  

 

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