Document:

Exhibit 10.12

 

DOUBLE HULL TANKERS, INC.

2005 INCENTIVE COMPENSATION PLAN

 

SECTION 1.  Purpose.  The purpose of this Double Hull Tankers, Inc.
2005 Incentive Compensation Plan is to promote the interests of Double Hull
Tankers, Inc. and its stockholders by (a) attracting and retaining exceptional
directors, officers, employees, consultants and independent contractors (including
prospective directors, officers, employees, consultants and independent
contractors) and (b) enabling such individuals to participate in the
long-term growth and financial success of Double Hull Tankers, Inc.

 

SECTION 2.  Definitions.  As used herein, the following terms shall
have the meanings set forth below:

 

“Affiliate” means
(a) any entity that, directly or indirectly, is controlled by, controls or
is under common control with the Company and (b) any entity in which the
Company has a significant equity interest, in either case as determined by the
Committee.

 

“Award” means
any award that is permitted under Section 6 and granted under the Plan.

 

“Award
Agreement” means any written agreement, contract or other instrument or
document evidencing any Award, which may, but need not, require execution or
acknowledgment by a Participant.

 

“Board” means
the Board of Directors of the Company.

 

“Cash
Incentive Award” shall have the meaning specified in Section 6(d).

 

“Change of
Control” shall, for purposes of any Award, (a) have the meaning set
forth in the applicable Award Agreement or (b) if there is no definition
set forth in such Award Agreement, mean the occurrence of any of the following
events, not including any events occurring prior to or in connection with an
initial public offering of Shares (including the occurrence of such initial
public offering):

 

(i)  the consummation of (A) a merger,
consolidation, statutory share exchange or similar form of corporate transaction
involving (x) the Company or (y) any of its Subsidiaries, but in the case
of this clause (y) only if Company Voting Securities (as defined below) are
issued or issuable in connection with such transaction (each of the transactions
referred to in this clause (A) being hereinafter referred to as a “Reorganization”)
or (B) the sale or other disposition of all or substantially all the
assets of the Company to an entity that is not an Affiliate (a “Sale”) if such
Reorganization or Sale requires the approval of the Company’s stockholders
under the law of the Company’s jurisdiction of organization (whether such approval
is required for such Reorganization or Sale or for the issuance of securities
of the Company in such Reorganization or Sale), unless, immediately following
such Reorganization or Sale, (1) all or 

 

 

substantially all the individuals and entities who were the “beneficial
owners” (as such term is defined in Rule 13d-3 under the Exchange Act (or a
successor rule thereto)) of the Shares or other securities eligible to
vote for the election of the Board (collectively, the “Company Voting
Securities”) outstanding immediately prior to the consummation of such
Reorganization or Sale beneficially own, directly or indirectly, more than 50%
of the combined voting power of the then outstanding voting securities of the entity
resulting from such Reorganization or Sale (including, without limitation, an entity
that as a result of such transaction owns the Company or all or substantially
all the Company’s assets either directly or through one or more subsidiaries)
(the “Continuing Entity”) in substantially the same proportions as their
ownership, immediately prior to the consummation of such Reorganization or
Sale, of the outstanding Company Voting Securities (excluding any outstanding
voting securities of the Continuing Entity that such beneficial owners hold
immediately following the consummation of the Reorganization or Sale as a
result of their ownership prior to such consummation of voting securities of
any entity involved in or forming part of such Reorganization or Sale other
than the Company and its Affiliates) and (2) no Person beneficially owns,
directly or indirectly, 30% or more of the combined voting power of the then
outstanding voting securities of the Continuing Entity immediately following
the consummation of such Reorganization or Sale;

 

(ii)  the
stockholders of the Company approve a plan of complete liquidation or
dissolution of the Company; or

 

(iii)  any Person or “group” (as used in
Section 14(d)(2) of the Exchange Act) (other
than the Company or an Affiliate) becomes the beneficial owner, directly or
indirectly, of securities of the Company representing 50% or more of the combined
voting power of the then outstanding Company Voting Securities; provided,
however, that for purposes of this subparagraph (iv), any acquisition
directly from or to the Company shall not constitute a Change of Control.

 

“Code” means
the Internal Revenue Code of 1986, as amended from time to time, and the
regulations promulgated thereunder.

 

“Committee” means
the compensation committee of the Board, or such other committee of the Board
as may be designated by the Board to administer the Plan.

 

“Company” means
Double Hull Tankers, Inc., a corporation incorporated under the laws
of the Republic of the Marshall Islands, together with any successor
thereto.

 

“Disability”
means the inability of the Participant, due to illness, accident or any other
physical or mental incapacity, to perform the Participant’s duties in a normal
manner for a period of 120 days (whether or not consecutive) in any
twelve-month period during the Participant’s employment or service with the
Company or any of its Affiliates.

 

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“Exchange Act”
means the Securities Exchange Act of 1934, as amended, or any successor statute
thereto.

 

“Exercise
Price” means, with respect to an Option, the price specified in the applicable Award
Agreement as the price-per-Share at which Shares may be purchased pursuant to such
Option.

 

“Fair Market
Value” means (a) with respect to any property other than Shares, the fair
market value of such property determined by such methods or procedures as shall
be established from time to time by the Committee and (b) with respect to
Shares, as of any date, (i) the mean between the high and low sales prices
of Shares (A) as reported by the NYSE for such date or (B) if Shares
are listed on a national stock exchange and not reported on the NYSE, as
reported on the stock exchange composite tape for securities traded on such
stock exchange for such date or, with respect to each of clauses (A) and
(B), if there were no sales on such date, on the closest preceding date on
which there were sales of Shares or (ii) in the event there shall be no
public market for Shares on such date, the fair market value of Shares as
determined in good faith by the Committee.

 

“Incentive
Stock Option” means an option to purchase Shares from the Company that (a) is
granted under Section 6 of the Plan and (b) is intended to qualify
for special Federal income tax treatment pursuant to Sections 421 and 422
of the Code and which is so designated in the applicable Award Agreement.

 

“Independent
Director” means a member of the Board who is not an employee of the Company or
any Affiliate.

 

“IRS” means
the Internal Revenue Service or any successor thereto and includes the staff
thereof.

 

“Nonqualified
Stock Option” means an option to purchase Shares from the Company that (a) is
granted under Section 6 of the Plan and (b) is not an Incentive Stock
Option.

 

“NYSE” means
the New York Stock Exchange, or any successor thereto.

 

“Option” means
an Incentive Stock Option or a Nonqualified Stock Option or both, as the
context requires.

 

“Participant” means
any director, officer, employee, consultant or independent contractor (including
any prospective director, officer, employee, consultant or independent
contractor) of the Company or its Affiliates who is eligible for an Award under
Section 5 and who is selected by the Committee to receive an Award under
the Plan or who receives a Substitute Award pursuant to Section 4(c).

 

“Plan” means
this Double Hull Tankers, Inc. 2005 Incentive Compensation Plan, as
in effect from time to time.

 

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“Restricted
Share” means a Share delivered under the Plan that is subject to transfer
restrictions, forfeiture provisions or other terms and conditions specified
herein and in the applicable Award Agreement.

 

“RSU” means a
restricted stock unit Award that is designated as such in the applicable Award
Agreement and that represents an unfunded and unsecured promise to deliver
Shares, cash, other securities, other Awards or other property in accordance
with the terms of the applicable Award Agreement.

 

“SEC” means
the Securities and Exchange Commission or any successor thereto and shall
include the staff thereof.

 

“Shares” means
shares of Common Stock of the Company, $0.01 par value, or such other
securities of the Company (a) into which such shares shall be changed by
reason of a recapitalization, merger, consolidation, split-up, combination, exchange of shares or other similar transaction or (b) as
may be determined by the Committee pursuant to Section 4(b).

 

“Subsidiary”
means any entity in which the Company, directly or indirectly, possesses fifty
percent (50%) or more of the total combined voting power of all classes of its
stock.

 

“Substitute Awards”
shall have the meaning specified in Section 4(c).

 

SECTION 3.  Administration.  (a)  Composition of Committee.  The Plan shall be administered by the
Committee, which shall be composed of two or more directors, all of whom shall
be Independent Directors and all of whom shall meet the independence
requirements of the NYSE; provided, however, that, prior to the
date of the consummation of the initial public offering of Shares, the
Committee shall be composed of one or more members of the Board, as determined
by the Board.

 

(b)  Authority of Committee.  Subject to the terms of the Plan and
applicable law, and in addition to the other express powers and authorizations
conferred on the Committee by the Plan, the Committee shall have sole and
plenary authority to administer the Plan, including, but not limited to, the
authority to (i) designate Participants, (ii) determine the type or
types of Awards to be granted to a Participant, (iii) determine the number
of Shares to be covered by, or with respect to which payments, rights or other
matters are to be calculated in connection with, Awards, (iv) determine
the terms and conditions of Awards, (v) determine the vesting schedules of
Awards and, if performance criteria must be attained in order for an Award to
vest or be settled or paid, establish such performance criteria and certify
whether, and to what extent, such performance criteria have been attained, (vi) determine
whether, to what extent and under what circumstances Awards may be settled or
exercised in cash, Shares, other securities, other Awards or other property, or
canceled, forfeited or suspended and the method or methods by which Awards may
be settled, exercised, canceled, forfeited or suspended, (vii) determine
whether, to what extent and under what circumstances 

 

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cash, Shares, other securities, other Awards, other property and other
amounts payable with respect to an Award shall be deferred either automatically
or at the election of the holder thereof or of the Committee, (viii) interpret,
administer, reconcile any inconsistency in, correct any default in and supply
any omission in the Plan and any instrument or agreement relating to, or Award
made under, the Plan, (ix) establish, amend, suspend or waive such rules and
regulations and appoint such agents as it shall deem appropriate for the proper
administration of the Plan, (x) accelerate the vesting or exercisability of, payment
for or lapse of restrictions on, Awards, (xi) amend an outstanding Award or
grant a replacement Award for an Award previously granted under the Plan if, in
its sole discretion, the Committee determines that (A) the tax
consequences of such Award to the Company or the Participant differ from those
consequences that were expected to occur on the date the Award was granted or (B) clarifications or
interpretations of, or changes to, tax law or regulations permit Awards to be
granted that have more favorable tax consequences than initially anticipated and
(xii) make any other determination and take any other action that the Committee
deems necessary or desirable for the administration of the Plan.

 

(c)  Committee Decisions.  Unless otherwise expressly provided in the
Plan, all designations, determinations, interpretations and other decisions
under or with respect to the Plan or any Award shall be within the sole and
plenary discretion of the Committee, may be made at any time and shall be
final, conclusive and binding upon all Persons, including the Company, any
Affiliate, any Participant, any holder or beneficiary of any Award and any stockholder.

 

(d)  Indemnification.  No member of the Board, the Committee or any
employee or agent of the Company (each such person, a “Covered Person”) shall
be liable for any action taken or omitted to be taken or any determination made
in good faith with respect to the Plan or any Award hereunder.  Each Covered Person shall be indemnified and
held harmless by the Company against and from (i) any loss, cost,
liability or expense (including attorneys’ fees) that may be imposed upon or
incurred by such Covered Person in connection with or resulting from any
action, suit or proceeding to which such Covered Person may be a party or in
which such Covered Person may be involved by reason of any action taken or
omitted to be taken under the Plan or any Award Agreement and (ii) any and
all amounts paid by such Covered Person, with the Company’s approval, in
settlement thereof, or paid by such Covered Person in satisfaction of any
judgment in any such action, suit or proceeding against such Covered Person; provided
that the Company shall have the right, at its own expense, to assume and defend
any such action, suit or proceeding, and, once the Company gives notice of its
intent to assume the defense, the Company shall have sole control over such
defense with counsel of the Company’s choice. 
The foregoing right of indemnification shall not be available to a
Covered Person to the extent that a court of competent jurisdiction in a final
judgment or other final adjudication, in either case not subject to further
appeal, determines that the acts or omissions of such Covered Person giving
rise to the indemnification claim resulted from such Covered Person’s bad
faith, fraud or willful criminal act or omission or that such right of
indemnification is otherwise 

 

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prohibited by law
or by the Company’s Amended and Restated Articles of Incorporation or Bylaws.  The foregoing right of indemnification shall
not be exclusive of any other rights of indemnification to which Covered
Persons may be entitled under the Company’s Amended and Restated Articles of
Incorporation or Bylaws, as a matter of law, or otherwise, or any other power
that the Company may have to indemnify such persons or hold them harmless.

 

(e)  Delegation of Authority to
Senior Officers.  The Committee may
delegate, on such terms and conditions as it determines in its sole and plenary
discretion, to one or more senior officers of the Company the authority to make
grants of Awards to officers (other than executive officers), employees, consultants
and independent contractors of the Company and its Affiliates (including any
prospective officer, employee, consultant or independent contractor).

 

(f)  Awards to Independent Directors.  Notwithstanding anything to the contrary
contained herein, the Board may, in its sole and plenary discretion, at any
time and from time to time, grant Awards to Independent Directors and
administer the Plan with respect to such Awards.  In any such case, the Board shall have all
the authority and responsibility granted to the Committee herein.

 

SECTION 4.  Shares Available for Awards.  (a)  Shares Available.  Subject to adjustment as provided in Section 4(b),
(i) the aggregate number of Shares that may be delivered pursuant to Awards
granted under the Plan shall be 300,000, of which the maximum number of Shares
that may be delivered pursuant to Incentive Stock Options granted under the
Plan shall be 150,000 and (ii) the maximum number of Shares with respect
to which Awards may be granted to any Participant in any fiscal year of the
Company shall be 75,000.  If, after the
effective date of the Plan, any Award granted under the Plan is forfeited, or
otherwise expires, terminates or is canceled without the delivery of Shares, then
the Shares covered by such forfeited, expired, terminated or canceled Award
shall again become available to be delivered pursuant to Awards under the Plan.
If Shares issued upon exercise, vesting or settlement of an Award, or Shares
owned by a Participant (which are not subject to any pledge or other security
interest and which have been owned by the Participant for at least six months),
are surrendered or tendered to the Company in payment of the Exercise Price of
an Option or any taxes required to be withheld in respect of an Award, in each
case, in accordance with the terms and conditions of the Plan and any
applicable Award Agreement, such surrendered or tendered Shares shall again
become available to be delivered pursuant to Awards under the Plan; provided,
however, that in no event shall such Shares increase the number of
Shares that may be delivered pursuant to Incentive Stock Options granted under
the Plan.

 

(b)  Adjustments for Changes in
Capitalization and Similar Events. 
In the event that the Committee determines that any dividend or other
distribution (whether in the form of cash, Shares, other securities or other
property), recapitalization, stock split, reverse stock split, reorganization,
merger, consolidation, split-up, spin-off, combination, statutory share
exchange, repurchase or exchange of Shares or other securities of the Company,
issuance of warrants or other rights to purchase Shares or other securities of
the Company, or other similar 

 

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corporate transaction or event affects the Shares such that an
adjustment is determined by the Committee in its discretion to be appropriate
or desirable, then the Committee shall, (i) in such manner as it may deem appropriate
or desirable, adjust any or all of (A) the number of Shares or other
securities of the Company (or number and kind of other securities or property)
with respect to which Awards may be granted, including (1) the aggregate
number of Shares that may be delivered pursuant to Awards granted under the
Plan as provided in Section 4(a) and (2) the maximum number of
Shares or other securities of the Company (or number and kind of other
securities or property) with respect to which Awards may be granted to any
Participant in any fiscal year of the Company and (B) the terms of any
outstanding Award, including (1) the number of Shares or other securities
of the Company (or number and kind of other securities or property) subject to
outstanding Awards or to which outstanding Awards relate and (2) the Exercise
Price with respect to any Option or (ii) if deemed appropriate or
desirable, make provision for a cash payment to the holder of any outstanding Award
in consideration for the cancelation of such Award, including, in the case of
an outstanding Option, a cash payment to the holder of such Option in
consideration for the cancelation of such Option in an amount equal to the
excess, if any, of the Fair Market Value (as of a date specified by the
Committee) of the Shares subject to such Option over the aggregate Exercise Price
of such Option (it being understood that, in such event, any Option having a
per Share Exercise Price equal to, or in excess of, the Fair Market Value of a
Share subject to such Option may be canceled and terminated without any payment
or consideration therefor).

 

(c)  Substitute Awards.  Awards may, in the discretion of the
Committee, be granted under the Plan in assumption of, or in substitution for,
outstanding awards previously granted by the Company or any of its Affiliates
or a company acquired by the Company or with which the Company combines (“Substitute
Awards”).  The number of Shares
underlying any Substitute Awards shall be counted against the aggregate number
of Shares available for Awards under the Plan; provided, however,
that Substitute Awards issued in connection with the assumption of, or in
substitution for, outstanding awards previously granted by an entity that is
acquired by the Company or any of its Affiliates through a merger, acquisition,
consolidation, statutory share exchange or similar form of corporate
transaction shall not be counted against the aggregate number of Shares
available for Awards under the Plan; provided further, however,
that Substitute Awards issued in connection with the assumption of, or in
substitution for, outstanding stock options intended to qualify for special tax
treatment under Sections 421 and 422 of the Code that were previously granted
by an entity that is acquired by the Company or any of its Affiliates through a
merger or acquisition shall be counted against the aggregate number of Shares
available for Incentive Stock Options under the Plan.

 

(d)  Sources of Shares Deliverable Under Awards.  Any
Shares delivered pursuant to an Award may consist, in whole or in part, of authorized
and unissued Shares or of treasury Shares.

 

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SECTION 5.  Eligibility.  Any director, officer, employee, consultant
or independent contractor (including any prospective director, officer, employee,
consultant or independent contractor) of the Company or any of its Affiliates shall
be eligible to be designated a Participant.

 

SECTION 6.  Awards.  (a)  Types of Awards.  Awards may be made under the Plan in the form
of (i) Options, (ii) Restricted Shares, (iii) RSUs, (iv) Cash
Incentive Awards and (v) other equity-based or equity-related Awards that
the Committee determines are consistent with the purposes of the Plan and the
interests of the Company.  No Incentive
Stock Option (other than an Incentive Stock Option that may be assumed or
issued by the Company in connection with a transaction to which Section 424(a) of
the Code applies) may be granted to a person who is ineligible to receive an
Incentive Stock Option under the Code.

 

(b)  Options.  (i)  Grant.  Subject to the provisions of the Plan, the
Committee shall have sole and plenary authority to determine the Participants
to whom Options shall be granted, the number of Shares to be covered by each
Option, whether the Option will be an Incentive Stock Option or a Nonqualified
Stock Option and the conditions and limitations applicable to the vesting and exercise
of the Option.  In the case of Incentive
Stock Options, the terms and conditions of such grants shall be subject to and
comply with such rules as may be prescribed by Section 422 of the
Code and any regulations related thereto, as may be amended from time to
time.  All Options granted under the Plan
shall be Nonqualified Stock Options unless the applicable Award Agreement
expressly states that the Option is intended to be an Incentive Stock
Option.  If an Option is intended to be
an Incentive Stock Option, and if for any reason such Option (or any portion
thereof) shall not qualify as an Incentive Stock Option, then, to the extent of
such nonqualification, such Option (or portion thereof) shall be regarded as a
Nonqualified Stock Option appropriately granted under the Plan.

 

(ii)  Exercise Price.  Except as otherwise established by the
Committee at the time an Option is granted and set forth in the applicable
Award Agreement, the Exercise Price of each Share covered by an Option shall be
not less than 100% of the Fair Market Value of such Share (determined as of the
date the Option is granted); provided, however, that (A) except
as otherwise established by the Committee at the time an Option is granted and
set forth in the applicable Award Agreement, the Exercise Price of each Share
covered by an Option that is granted effective as of the Company’s initial
public offering of Shares shall be the initial public offering price per Share
and (B) in the case of an Incentive Stock Option granted to an employee
who, at the time of the grant of such Option, owns stock representing more than
10% of the voting power of all classes of stock of the Company or any Affiliate,
the Exercise Price of each Share covered by such Incentive Stock Option shall
be no less than 110% of the Fair Market Value of such Share on the date of the
grant.

 

(iii)  Vesting and Exercise.  Each Option shall be vested and exercisable
at such times, in such manner and subject to such terms and conditions as the 

 

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Committee may, in its sole and plenary discretion, specify in the
applicable Award Agreement or thereafter. 
Except as otherwise specified by the Committee in the applicable Award
Agreement, an Option may only be exercised to the extent that it has already vested
at the time of exercise.  Except as
otherwise specified by the Committee in the applicable Award Agreement, each
Option shall become vested and exercisable with respect to one-third of the
Shares subject to such Option on each of the first three anniversaries of the
date of grant.  An Option shall be deemed
to be exercised when written or electronic notice of such exercise has been
given to the Company in accordance with the terms of the applicable Award Agreement
by the person entitled to exercise the Option and full payment pursuant to Section 6(b)(iv) for the Shares with respect to which the Option
is exercised has been received by the Company. 
Exercise of an Option in any manner shall result in a decrease in the
number of Shares that thereafter may be available for purchase under the Option
and, except as expressly set forth in Section 4(c), in the number of
Shares that may be available for purposes of the Plan, by the number of Shares
as to which the Option is exercised.  The
Committee may impose such conditions with respect to the exercise of Options,
including, without limitation, any relating to the application of applicable
securities laws, as it may deem necessary or advisable.

 

(iv)  Payment
and Tax Withholding.  (A)  No
Shares shall be delivered pursuant to any exercise of an Option until payment
in full of the aggregate Exercise Price therefor is received by the Company,
and the Participant has paid to the Company an amount equal to any applicable
income, employment or other taxes required to be withheld.  Such payments may be made in cash (or its
equivalent) or, in the Committee’s sole and plenary discretion, (1) by delivering
Shares owned by the Participant (which are not the subject of any pledge or
other security interest and which have been owned by such Participant for at
least six months) or (2) if there shall be a public market for the
Shares at such time, subject to such rules as may be established by the
Committee, through delivery of irrevocable instructions to a broker to sell all
or a portion of the Shares otherwise deliverable upon the exercise of the
Option and to deliver promptly the cash proceeds of such sale to the Company,
or by a combination of the foregoing; provided that the combined value
of all cash and cash equivalents and the Fair Market Value of any such Shares
so delivered to the Company as of the date of such delivery is at least equal
to such aggregate Exercise Price and the amount of any such taxes.

 

(B)  Wherever in the Plan or any Award
Agreement a Participant is permitted to pay the Exercise Price of an Option or
taxes relating to the exercise of an Option by delivering Shares, the Participant
may, subject to procedures satisfactory to the Committee, satisfy such delivery
requirement by presenting proof of beneficial ownership of such Shares, in
which case the Company shall treat the Option as exercised without further
payment and shall withhold such number of Shares from the Shares acquired by
the exercise of the Option.

 

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(v)  Termination of Employment.  Except as otherwise set forth in the
applicable Award Agreement, (A) if the Participant’s employment or service
as a director, officer, employee, consultant or independent contractor of the
Company or one of its Affiliates terminates for any reason other than by reason
of death or Disability, (1) any Option that has not become vested prior to
the date of such termination shall immediately be forfeited and the Participant
will be entitled to no further payment or benefits with respect thereto and (2) the
vested portion of any Option held by the Participant shall remain exercisable
for a period of 90 days following such termination, but in no event later than
the tenth anniversary of the date such Option is granted, (B) if the Participant’s
employment or service as a director, officer, employee, consultant or
independent contractor of the Company or one of its Affiliates terminates by
reason of death or Disability, (1) any Option that has not become vested
prior to the date of such termination shall become immediately vested and
exercisable and shall remain exercisable for a period of one year following
such termination, but in no event later than the tenth anniversary of the date
such Option is granted, and (2) the vested portion of any Option held by
the Participant shall remain exercisable for a period of one year following
such termination, but in no event later than the tenth anniversary of the date
such Option is granted.  In no event may
an Option be exercisable after the tenth anniversary of the date the Option is
granted.

 

(c)  Restricted Shares and RSUs.  (i)  Grant.  Subject to the provisions of the Plan, the
Committee shall have sole and plenary authority to determine the Participants
to whom Restricted Shares and RSUs shall be granted, the number of Restricted
Shares and RSUs to be granted to each Participant, the duration of the period
during which, and the conditions, if any, under which, the Restricted Shares
and RSUs may vest or may be forfeited to the Company and the other terms and
conditions of such Awards.

 

(ii)  Transfer Restrictions.  Restricted Shares and RSUs may not be sold,
assigned, transferred, pledged or otherwise encumbered except as provided in
the Plan or as may be provided in the applicable Award Agreement; provided,
however, that the Committee may in its discretion determine that
Restricted Shares and RSUs may be transferred by the Participant.  Certificates representing Restricted Shares
shall bear a restrictive legend to the effect that ownership of Restricted Shares, and the enjoyment of all rights appurtenant thereto,
are subject to the restrictions, terms and conditions provided in the Plan and
the applicable Award Agreement.  Certificates
issued in respect of Restricted Shares shall be registered in the name of the
Participant and deposited by such Participant, together with a stock power
endorsed in blank, with the Company or such other custodian as may be
designated by the Committee or the Company, and shall be held by the Company or
other custodian, as applicable, until such time as the restrictions applicable
to such Restricted Shares lapse.  Upon
the lapse of the restrictions applicable to such Restricted Shares, all legends
shall be removed from said certificates, except as otherwise required by
applicable law or other limitations imposed by the 

 

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Committee, and the Company or other custodian, as applicable, shall
deliver such certificates to the Participant or the Participant’s legal
representative.  Notwithstanding the
foregoing, actual certificates shall not be issued to the extent that book
entry record keeping is used.

 

(iii)  Payment/Lapse of Restrictions.  RSUs shall be paid in cash, Shares, other
securities, other Awards or other property, as determined in the sole and
plenary discretion of the Committee, upon the lapse of restrictions applicable thereto, or otherwise in accordance with the applicable
Award Agreement.  Except as otherwise
specified by the Committee in the Award Agreement, restrictions applicable
to awards of Restricted Shares shall lapse and such Restricted Shares
shall become vested with respect to one-fourth of such Restricted Shares on
each of the first four anniversaries of the date of grant.

 

(iv)  Tax
Withholding.  Upon the vesting of an
award of Restricted Shares (or, to the extent applicable, upon the vesting of
an award of RSUs), or upon making an election under Section 83(b) of
the Code as provided in Section 9(h), the Company may require Participants
to pay the amount (in cash or its equivalent) of any applicable income,
employment or other taxes required to be withheld.  In the Committee’s sole and plenary
discretion, such payment may be made by delivering Shares owned by the
Participant (which are not the subject of any pledge or other security interest
and which have been owned by such Participant for at least six months); provided
that the combined value of all cash and cash equivalents and the Fair Market
Value of any such Shares so delivered to the Company as of the date of such
delivery is at least equal to the amount of any such taxes required.

 

(v)  Termination of Employment.  Except as otherwise set forth in the
applicable Award Agreement, (A) if the Participant’s employment or service
as a director, officer, employee, consultant or independent contractor of the
Company or one of its Affiliates terminates for any reason other than by reason
of death or Disability, any Restricted Shares and RSUs that have not become
vested prior to the date of such termination shall immediately be forfeited and
the Participant will be entitled to no further payment or benefits with respect
thereto and (B) if the Participant’s employment or service as a director,
officer, employee, consultant or independent contractor of the Company or one
of its Affiliates terminates by reason of death or Disability, all restrictions
applicable to awards of Restricted Shares and RSUs that have not become vested
prior to the date of such termination shall lapse and such Restricted Shares and
RSUs shall become immediately vested.

 

(d)  Cash Incentive Awards.  Subject to the provisions of the Plan, the
Committee shall have the sole and plenary authority to grant Awards that will
entitle Participants to receive an amount in cash upon the attainment of one or
more individual, business or other performance goals or other similar criteria
(“Cash Incentive Awards”).  The Committee
shall establish Cash Incentive Award levels 

 

11

 

to determine the
amount of a Cash Incentive Award payable upon the attainment of such goals or
criteria as determined by the Committee.

 

(e)  Other Stock-Based Awards.  Subject to the provisions of the Plan, the
Committee shall have the sole and plenary authority to grant to Participants
other equity-based or equity-related Awards (including, but not limited to,
fully-vested Shares) in such amounts and subject to such terms and conditions
as the Committee shall determine, provided that any such Awards must comply, to
the extent deemed desirable by the Committee, with applicable law.

 

(f)  Dividend Equivalents.  In the sole and plenary discretion of the
Committee, an Award, other than an Option or a Cash Incentive Award, may
provide the Participant with dividends or dividend equivalents, payable in
cash, Shares, other securities, other Awards or other property, on a current or
deferred basis, on such terms and conditions as may be determined by the
Committee in its sole and plenary discretion, including, without limitation,
payment directly to the Participant, withholding of such amounts by the Company
subject to vesting of the Award or reinvestment in additional Shares,
Restricted Shares or other Awards.

 

SECTION 7.  Amendment and
Termination.  (a)  Amendments
to the Plan.  Subject to any applicable
law or regulation and the rules of the NYSE, the Plan may be amended,
modified or terminated by the Board without the approval of the stockholders of
the Company, except that stockholder approval shall be required for any
amendment that would (i) increase the maximum number of Shares for which
Awards may be granted under the Plan or increase the maximum number of Shares
that may be delivered pursuant to Incentive Stock Options granted under the
Plan; provided, however, that any adjustment under Section 4(b) shall
not be treated as an increase for purposes of this Section 7(a) or (ii) change
the class of individuals eligible to participate in the Plan.  Except as otherwise provided herein, no
amendment, modification or termination of the Plan may, without the consent of
the Participant to whom any Award shall theretofore have been granted, materially
and adversely affect the rights of such Participant (or his or her transferee)
under such Award, unless otherwise provided by the Committee in the applicable
Award Agreement.

 

(b)  Amendments to Awards.  The Committee may waive any conditions or
rights under, amend any terms of, or alter, suspend, discontinue, cancel or
terminate any Award theretofore granted, prospectively or retroactively; provided,
however, that, unless otherwise provided in the Plan or by the Committee
in the applicable Award Agreement, any such waiver, amendment, alteration,
suspension, discontinuance, cancelation or termination that would materially
and adversely impair the rights of any Participant or any holder or beneficiary
of any Award theretofore granted shall not to that extent be effective without
the consent of such Participant, holder or beneficiary.

 

(c)  Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring
Events.  The Committee shall be
entitled to make adjustments in the terms and conditions of, and the criteria
included in, Awards in recognition of 

 

12

 

unusual or nonrecurring events (including, without limitation, the
events described in Section 4(b) hereof or the occurrence of a Change
of Control) affecting the Company, any Affiliate, or the financial statements
of the Company or any Affiliate, or of changes in applicable rules, rulings,
regulations or other requirements of any governmental body or securities
exchange, accounting principles or law (i) whenever the Committee, in its
sole and plenary discretion, determines that such adjustments are appropriate
or desirable, including, without limitation, providing for a substitution or
assumption of Awards, accelerating the exercisability of, lapse of restrictions
on, or termination of, Awards or providing for a period of time for exercise
prior to the occurrence of such event and (ii) if deemed appropriate or
desirable by the Committee, in its sole and plenary discretion, by providing
for a cash payment to the holder of an Award in consideration for the cancelation
of such Award, including, in the case of an outstanding Option, a cash payment
to the holder of such Option in consideration for the cancelation of such
Option in an amount equal to the excess, if any, of the Fair Market Value (as
of a date specified by the Committee) of the Shares subject to such Option over
the aggregate Exercise Price of such Option (it being understood that, in such
event, any Option having a per Share Exercise Price equal to, or in excess of,
the Fair Market Value of a Share subject to such Option may be canceled and
terminated without any payment or consideration therefor).

 

SECTION 8.  Change of Control.  Except as otherwise provided in the
applicable Award Agreement, in the event of a Change of Control after the date
of the adoption of the Plan, unless provision is made in connection with the
Change of Control for (a) assumption of Awards previously granted or (b) substitution
for such Awards of new awards covering stock of a successor corporation or its “parent
corporation” (as defined in Section 424(e) of the Code) or “subsidiary
corporation” (as defined in Section 424(f) of the Code) with
appropriate adjustments as to the number and kinds of property subject to such
Awards and the Exercise Price and other terms and conditions of such Awards, as
applicable, (i) any outstanding Options that are unexercisable or
otherwise unvested shall automatically be deemed exercisable or otherwise
vested, as the case may be, as of immediately prior to such Change of Control
and the holders thereof shall be provided reasonable opportunity to exercise
such Options prior to the Change of Control, (ii) any outstanding
Restricted Shares that are still subject to restrictions or forfeiture shall
automatically be deemed vested and all restrictions and forfeiture provisions
related thereto shall lapse as of immediately prior to such Change of Control, (iii) all
Cash Incentive Awards shall be paid out as if the date of the Change of Control
were the last day of the applicable performance or similar measurement period
and “target” performance levels or similar criterion had been attained and (iv) all
outstanding Awards other than Options, Restricted Shares and Cash Incentive
Awards that are unexercisable, unvested or still subject to restrictions or
forfeiture, shall automatically be deemed exercisable or vested and all
restrictions and forfeiture provisions related thereto shall lapse as of
immediately prior to such Change of Control and the holders thereof shall be
provided reasonable opportunity to exercise such Awards prior to the Change of
Control, as applicable.

 

13

 

SECTION 9.  General Provisions.  (a)  Nontransferability.  Except as otherwise specified in the
applicable Award Agreement, during each Participant’s lifetime each Award (and
any rights and obligations thereunder) shall be exercisable only by the
Participant, or, if permissible under applicable law, by the Participant’s
legal guardian or representative, and no Award (or any rights and obligations
thereunder) may be assigned, alienated, pledged, attached, sold or otherwise
transferred or encumbered by a Participant otherwise than by will or by the
laws of descent and distribution, and any such purported assignment,
alienation, pledge, attachment, sale, transfer or encumbrance shall be void and
unenforceable against the Company or any Affiliate; provided that (i) the
designation of a beneficiary shall not constitute an assignment, alienation,
pledge, attachment, sale, transfer or encumbrance and (ii) the Board or the
Committee may permit further transferability, on a general or specific basis,
and may impose conditions and limitations on any permitted transferability; provided,
however, that Incentive Stock Options granted under the Plan shall not
be transferable in any way that would violate Section 1.422-2(a)(2) of
the Treasury Regulations.  All terms and
conditions of the Plan and all Award Agreements shall be binding upon any
permitted successors and assigns.

 

(b)  No Rights to Awards.  No Participant or other Person shall have any
right or claim to be granted any Award, and there is no obligation for
uniformity of treatment of Participants or holders or beneficiaries of Awards.  The terms and conditions of Awards and the
Committee’s determinations and interpretations with respect thereto need not be
the same with respect to each Participant and may be made selectively among
Participants, whether or not such Participants are similarly situated.

 

(c)  Share Certificates.  All certificates for Shares or other
securities of the Company or any Affiliate delivered under the Plan pursuant to
any Award or the exercise thereof shall be subject to such stop transfer orders
and other restrictions as the Committee may deem advisable under the Plan, the
applicable Award Agreement or the rules, regulations and other requirements of
the SEC, the NYSE or any other stock exchange or quotation system upon which
such Shares or other securities are then listed or reported and any applicable
Federal or state laws, and the Committee may cause a legend or legends to be
put on any such certificates to make appropriate reference to such
restrictions.

 

(d)  Tax Withholding.  A Participant may be required to pay to the
Company or any Affiliate, and the Company or any Affiliate shall have the right
and is hereby authorized to withhold from any Award, from any payment due or
transfer made under any Award or under the Plan or from any compensation or
other amount owing to a Participant, the amount (in cash, Shares, other
securities, other Awards or other property) of any applicable withholding or
deduction for income, employment or other taxes in respect of an Award, its
exercise or any payment or transfer under an Award or under the Plan and to
take such other action as may be necessary in the opinion of the Committee or
the Company to satisfy all obligations for the payment of such taxes.

 

14

 

(e)  Award Agreements.  Each Award hereunder shall be evidenced by an
Award Agreement, which shall be delivered to the Participant and shall specify
the terms and conditions of the Award and any rules applicable thereto,
including, but not limited to, the effect on such Award of the death, disability
or termination of employment or service of a Participant and the effect, if
any, of such other events as may be determined by the Committee.

 

(f)  No Limit on Other Compensation
Arrangements.  Nothing contained in
the Plan shall prevent the Company or any Affiliate from adopting or continuing
in effect other compensation arrangements, which may, but need not, provide for
the grant of options, restricted stock, shares and other types of equity-based awards,
and such arrangements may be either generally applicable or applicable only in
specific cases.

 

(g)  No Right to Employment.  The grant of an Award shall not be construed
as giving a Participant the right to be retained as a director, officer,
employee, consultant or independent contractor of or to the Company or any
Affiliate, nor shall it be construed as giving a Participant any rights to
continued service on the Board.  Further,
the Company or an Affiliate may at any time dismiss a Participant from
employment or discontinue any consulting relationship, free from any liability
or any claim under the Plan, unless otherwise expressly provided in the Plan or
in any Award Agreement.

 

(h)  No Rights as Stockholder.  No Participant or holder or beneficiary of
any Award shall have any rights as a stockholder with respect to any Shares to
be distributed under the Plan until he or she has become the holder of such
Shares.  In connection with each grant of
Restricted Shares, except as provided in the applicable Award Agreement, the
Participant shall not be entitled to the rights of a stockholder in respect of
such Restricted Shares.  Except as
otherwise provided in Section 4(b), Section 7(c) or the
applicable Award Agreement, no adjustments shall be made for dividends or
distributions on (whether ordinary or extraordinary, and whether in cash,
Shares, other securities or other property), or other events relating to,
Shares subject to an Award for which the record date is prior to the date such
Shares are delivered.

 

(i)  Governing Law.  The validity, construction and effect of the
Plan and any rules and regulations relating to the Plan and any Award
Agreement shall be determined in accordance with the laws of the Islands of Jersey,
without giving effect to the conflict of laws provisions thereof.

 

(j)  Severability.  If any provision of the Plan or any Award is
or becomes or is deemed to be invalid, illegal or unenforceable in any
jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award
under any law deemed applicable by the Committee, such provision shall be
construed or deemed amended to conform to the applicable laws, or if it cannot
be construed or deemed amended without, in the determination of the Committee,
materially altering the intent of the Plan or the Award, such provision shall
be construed or

 

15

 

deemed stricken
as to such jurisdiction, Person or Award and the remainder of the Plan and any
such Award shall remain in full force and effect.

 

(k)  Other
Laws.  The Committee may refuse to
issue or transfer any Shares or other consideration under an Award if, acting
in its sole and plenary discretion, it determines that the issuance or transfer
of such Shares or such other consideration might violate any applicable law or
regulation, and any payment tendered to the Company by a Participant, other
holder or beneficiary in connection with the exercise of such Award shall be
promptly refunded to the relevant Participant, holder or beneficiary.  Without limiting the generality of the foregoing,
no Award granted hereunder shall be construed as an offer to sell securities of
the Company, and no such offer shall be outstanding, unless and until the
Committee in its sole and plenary discretion has determined that any such
offer, if made, would be in compliance with all applicable requirements of the
U.S. Federal and any other applicable securities laws.

 

(l)  No
Trust or Fund Created.  Neither the
Plan nor any Award shall create or be construed to create a trust or separate
fund of any kind or a fiduciary relationship between the Company or any
Affiliate, on one hand, and a Participant or any other Person, on the other.  To the extent that any Person acquires a
right to receive payments from the Company or any Affiliate pursuant to an Award,
such right shall be no greater than the right of any unsecured general creditor
of the Company or any Affiliate.

 

(m)  No
Fractional Shares.  No fractional
Shares shall be issued or delivered pursuant to the Plan or any Award, and the
Committee shall determine whether cash, other securities or other property
shall be paid or transferred in lieu of any fractional Shares or whether such
fractional Shares or any rights thereto shall be canceled, terminated or
otherwise eliminated.

 

(n)  Requirement
of Consent and Notification of Election Under Section 83(b) of
the Code or Similar Provision.  No
election under Section 83(b) of the Code (to include in gross income
in the year of transfer the amounts specified in Section 83(b) of the
Code) or under a similar provision of law may be made unless expressly
permitted by the terms of the applicable Award Agreement or by action of the
Committee in writing prior to the making of such election.  If an Award recipient, in connection with the
acquisition of Shares under the Plan or otherwise, is expressly permitted under
the terms of the applicable Award Agreement or by such Committee action to make
such an election and the Participant makes the election, the Participant shall
notify the Committee of such election within ten days of filing notice of the
election with the IRS or other governmental authority, in addition to any
filing and notification required pursuant to regulations issued under Section 83(b) of
the Code or other applicable provision.

 

(o)  Requirement
of Notification Upon Disqualifying Disposition Under Section 421(b) of
the Code.  If any Participant shall
make any disposition of Shares delivered pursuant to the exercise of an
Incentive Stock Option under the

 

16

 

circumstances
described in Section 421(b) of the Code (relating to certain
disqualifying dispositions) or any successor provision of the Code, such
Participant shall notify the Company of such disposition within ten days of
such disposition.

 

(p)  Headings. Headings are given to the Sections and
subsections of the Plan solely as a convenience to facilitate reference. Such
headings shall not be deemed in any way material or relevant to the
construction or interpretation of the Plan or any provision thereof.

 

SECTION 10.  Term of the Plan.  (a)  Effective Date.  The Plan shall be effective as of the date of
its adoption by the Board; provided, however, that no Incentive
Stock Options may be granted under the Plan unless it is approved by the
Company’s stockholders within twelve (12) months before or after the date the
Plan is adopted.

 

(b)  Expiration Date.  No Award shall be granted under the Plan
after the tenth anniversary of the date the Plan is approved under Section 10(a).  Unless otherwise expressly provided in the
Plan or in an applicable Award Agreement, any Award granted hereunder on or
prior to such tenth anniversary may, and the authority of the Board or the
Committee to amend, alter, adjust, suspend, discontinue or terminate any such Award
or to waive any conditions or rights under any such Award shall, nevertheless
continue thereafter pursuant to the terms of the Plan and the applicable Award
Agreement.

 

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Exhibit 10.19  

NT AND LICENSOR CONFIDENTIAL  

  
 
DATA ACQUISITION AGREEMENT    
    

Between  

Navigation Technologies North America, LLC, its corporate affiliates and subsidiaries ("NT")  

and  

Mobility Technologies, Inc., its corporate affiliates and subsidiaries ("LICENSOR")  

        This
Data Acquisition Agreement ("Agreement") is made and entered into between NT and LICENSOR as of the Effective Date: 

	1)	 	 	 	 	 	 
	 	 	
	 	 
	

 	
 	

a)	
 	

Effective Date:	
 	

 
	

 	
 	

b)	
 	

NT Place of Organization:	
 	

Delaware
	

 	
 	

c)	
 	

LICENSOR Place of Incorporation:	
 	

Delaware
	

 	
 	

d)	
 	

NT Address:	
 	

Navigation Technologies North America, LLC

222 Merchandise Mart Plaza, Suite 900

Chicago, Illinois 60654

Attn: General Counsel

Phone: +1-312-894-7000

Fax: +1-312-894-7228
	

 	
 	

e)	
 	

LICENSOR Address:	
 	

Mobility Technologies, Inc.

851 Duportail Road, Suite 220

Wayne, PA 19087

Attn: Controller

Phone: +1-610-407-7400

Fax:

	2)
	Definitions.

	a)
	"Coverage
Area(s)" or "Market(s)" shall refer to the geographic Metro areas

	b)
	"Derivative
Works" shall mean all analogue, digital or other works that are created from and/or based in any way on the Licensor Data.

	c)
	"End-User(s)"
shall mean any entity or person who receives or uses the Licensor Data or information contained therein or derived therefrom for personal use with no right to
sublicense or transfer Licensor Data to another entity or person.

	d)
	

	e)
	"Intellectual
Property Rights" shall mean patent rights, copyrights, database rights, trademarks, service marks, and any and all other statutory and legal rights and protections
available under applicable laws for the protection of intellectual property.

	f)
	"Licensor
Data" shall mean Licensor's data, as defined in Exhibit A hereto.

	g)
	"NT
Database" shall mean any geographic database made by or for, and generally released by NT.

	h)
	

 

	3)
	Services/Delivery. (a) During the Term (as hereinafter defined), Licensor shall provide NT with the Services (as defined in  Exhibit A hereof) and subject to the terms of the Service Level Agreement set forth in
Exhibit C hereof and other requirements set forth in Exhibit A. The initial Coverage Area
of the Licensor Data included as part of the Services as of the Effective Date is set forth on Exhibit B hereto (the "Initial Coverage Area").

	(b)
	

	(c)
	In
addition, in the event Licensor provides or agrees to provide

	(d)
	Notwithstanding
the foregoing,

	4)
	Grant of License.

	a)
	License. Licensor hereby grants NT a non-transferable, worldwide, non-exclusive license to:

	i)
	use
the Licensor Data and/or the Services

	ii)
	

	iii)
	

	

	Without
limiting the foregoing, NT shall protect Licensor Data with methods and license restrictions which are generally similar to and no less protective
than the methods and license restrictions used to protect NT's geographic database, and in no event less than a reasonable standard of care.

	b)
	Subcontractors. NT and Sublicensees shall have the right to use the services of third parties from time to time in the exercise of their
respective license rights under Section 4(a), subject to the same restrictions and limitations placed on the license provided to NT hereunder.

	c)
	

	d)
	

	e)
	Restrictions. Notwithstanding the foregoing, NT may not broadcast or disseminate the Licensor Data, or license third parties to
broadcast or disseminate the Licensor Data via any radio or television systems audio or visual presentation, whether by broadcast, satellite or cable, or via any Internet or World Wide Web site
without the prior written permission of Licensor, which Licensor may grant or refuse in its sole discretion.

	5)
	Maintenance/Quality. Licensor shall provide the Services in accordance with the service level agreement attached hereto as  Exhibit C and the other requirements set forth in Exhibit A. Licensor shall use
commercially reasonable efforts to continue to improve the quality of the Licensor Data in the aggregate during the Term where it is commercially practical to do so.

	6)
	License Fee.

	a)
	Initial Advance Payment. NT shall provide Licensor a prepayment in the amount of Nine Million Eight Hundred Seventy Thousand Dollars
($9,870,000) (the "Initial Advance Payment", together with all Additional Advance Payments (as hereinafter defined), the "Advance Payment") which shall be payable as follows via wire transfer to an
account designated by Licensor:

	(i)
	One
Million Five Hundred Thousand Dollars ($1,500,000) shall be paid

	(ii)
	One
Million Five Hundred Thousand Dollars ($1,500,000) shall be paid

	(iii)
	One
Hundred Seventy Thousand Dollars ($170,000) shall be paid 

(for
an aggregate of $1,870,000), and (iv) Eight Hundred and Thirty Three Thousand Three Hundred 

2

 

	b)
	Restrictions on Use of Initial Advance Payment. Licensor may only use the Initial Advance Payment to fund operations related to the
provision of the Licensor Data for the Initial Coverage Area, the Second Coverage Area and the Third Coverage Area to NT hereunder. Without limiting the foregoing, Licensor may not use all or any
portion of the Initial Advance Payment to (i) fund any operations not related to the provision of the Licensor Data to NT for the Initial Coverage Area, the Second Coverage Area or the Third
Coverage Area, (ii) repay any funded indebtedness or (iii) make any dividends to its shareholders. Licensor shall maintain accurate records regarding its use of the Initial Advance
Payment during the Term. NT shall have the right once annually, at its own expense and on reasonable notice, to audit Licensor's records to the extent necessary to verify the use of the Initial
Advance Payment and compliance with this Agreement. NT shall ensure all information obtained during the audits is maintained strictly confidential and is subject to the terms of Section 14(b).

	c)
	Additional Advance Payment. Licensor shall, upon request of NT, add additional Coverage Areas (the "Approved Additional Coverage Areas")
for the Licensor Data provided by Licensor as part of the Services; provided that (i) such Approved Additional Coverage Areas must be one of the Coverage Areas identified on  Exhibit E hereto;

	d)
	Restriction on Use of Additional Advance Payment. Licensor may only use the Additional Advance Payment to fund operations related to the
provision of the Licensor Data for the Approved Additional Coverage Areas. Without limiting the foregoing, Licensor may not use all or any portion of the Additional Advance Payment to (i) fund
any operations not related to the provision of the Licensor Data for the Approved Additional Coverage Areas to NT, (ii) repay any funded indebtedness or (iii) make any dividends to its
shareholders. Licensor shall maintain accurate records regarding its use of the Additional Advance Payment during the Term. NT shall have the right once annually, at its own expense and on reasonable
notice, to audit Licensor's records to the extent necessary to verify the use of the Additional Advance Payment and compliance with this Agreement. NT shall ensure that all information obtained during
the audits is maintained strictly confidential and is subject to the terms of Section 14(b).

	e)
	Application of Advance Payment. The Advance Payment shall be applied against any license fees due hereunder, and NT shall not be
required to pay Licensor any additional license fees unless and until the entire amount of the Advance Payment has been applied.

	f)
	License Fee Reports/Payment. Within forty-five (45) days after the end of each calendar quarter, NT shall send
Licensor a license fee report setting forth the calculation of the license fees due by NT to Licensor for such calendar quarter, the amount of the Advance Payment applied against such license fees and
the remaining amount of the Advance Payment that has not yet been applied. To the extent that all of the Advance Payment has been applied, NT shall include its payment along with the license fee
report. Licensor shall have the right once annually during the Term, at its own expense and on reasonable notice, to audit NT's records to the extent necessary to verify the license fee report.
Licensor shall ensure all information obtained during the audits is maintained strictly confidential and is subject to the terms of Section 14(b).

	g)
	License Fees for                        fees due by NT to Licensor hereunder
for                        shall equal the following amounts per
End-User per month based on the number of Coverage Areas where NT is commercially using any Licensor Data.

	h)
	License Fees for Other Applications. During the Term, the parties agree to use good faith efforts to agree to license fees for
applications other than                        , which applications and pricing would be defined in a written amendment to this
Agreement or as otherwise 

3

 

agreed
in writing by the parties. Without limiting the foregoing, the parties will use commercially reasonable efforts to seek to reach such written agreement within thirty (30) days of the
Licensor's receipt of the definition of the new application and its uses. 

	i)
	No Other Fees. NT shall not be required to pay any fees, payments, royalties, or other amounts other than those expressly set forth in
this Section.

	j)
	Currency. All references to "dollars" or "$" shall refer to U.S. Dollars.

	k)
	Acknowledgement. For purposes of this Agreement, Licensor recognizes the License Fees

	7)
	

	8)
	Traffic Codes.

	9)
	Representations and Warranties/Rights Reserved/Other Covenants.

	a)
	Licensor
represents and warrants that it has all rights necessary to grant the licenses herein, and that the Licensor Data and the Services do not in any way infringe the Intellectual
Property Rights of any third party. Nothing stated herein shall be deemed to grant, transfer, assign or set over unto NT any right, title, interest or ownership of any or all Licensor Data and
Services, including all Intellectual Property Rights thereto (except as expressly set forth herein), all of which are hereby expressly reserved by Licensor. WITH THE EXCEPTION OF THE EXPRESS
WARRANTIES SET FORTH IN THIS AGREEMENT, LICENSOR EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED WARRANTIES OF MERCHANTABILITY, ACCURACY,
TITLE OR FITNESS FOR A PARTICULAR PURPOSE RELATING TO ANY PERFORMANCE OF ANY OF ITS OBLIGATIONS HEREUNDER OR ALL OR ANY PORTION THEREOF.

	b)
	Subject
to clause 9(a), NT owns all right, title and interest, including all Intellectual Property Rights, in and to the NT Database and any Derivative Works, except that such
rights, titles and interest, including all Intellectual Property Rights, shall not include Licensor Data and Services. Licensor acknowledges and agrees that it shall not acquire or assert any right,
title or interest in or to the NT Database or Derivative Works, or any Intellectual Property Rights thereto, based on any use or incorporation of Licensor Data as permitted under this Agreement or
otherwise.

	c)
	Each
party agrees that all rights, title and interest, including any Intellectual Property Rights, in any work created or developed by a party in connection with this Agreement shall
remain with that party. Rights to any work jointly developed by the parties will be mutually agreed upon in writing prior to the work starting.

	d)
	

	e)
	

	f)
	NT
agrees that to the extent it enters into agreements with third parties to license the Licensor Data and/or Services that includes limitations of liability, NT will include Licensor
in such limitation (e.g. if the provision states that NT shall not be responsible for consequential damages, NT could satisfy this requirement by modifying the provision to state that "neither NT nor
its licensors shall be responsible for consequential damages").

	10)
	Limitation of Liability & Indemnity.

	a)
	Under
no circumstances will either party be liable under any provision of this Agreement, contract, law, statute or other legal or equitable theory for any consequential, indirect,
special, punitive or incidental damages, or lost profits. 

4

 

	b)
	

	c)
	Licensor
shall indemnify and hold harmless NT from and against any and all claims, actions, liabilities and damages, including costs and attorneys fees, arising out of or in connection
with an assertion that the Licensor Data or Services as supplied by Licensor to NT infringes any copyright or other Intellectual Property Right of a third party; provided that (i) Licensor is
promptly notified in writing of such claim or suit, (ii) Licensor shall have the sole control of the defense and/or settlement thereof, and (iii) NT furnishes to Licensor, on request,
all relevant information available to NT and reasonable cooperation for such defense. Licensor shall have no obligation to indemnify NT (i) for any claim that arises solely under the
circumstances set forth in the first sentence of Section 10(d) below or (ii) to the extent such claim arises solely as a result of NT's modification or alteration of the Licensor Data or
the combination by NT of the Licensor Data with other data. The limitations of liability in Sections 10(a) and (b) shall not apply to Licensor's indemnification obligations under this
Section 10(c).

	d)
	NT
shall indemnify and hold harmless Licensor from and against any and all claims, actions, liabilities and damages, including costs and attorney fees, arising out of or in connection
with an assertion that the NT Database or any data disseminated by NT other than the Licensor Data infringes any copyright or other Intellectual Property Right of a third party; provided that
(i) NT is promptly notified in writing of such claim or suit, (ii) NT shall have the sole control of the defense and/or settlement thereof, and (iii) Licensor furnishes to NT, on
request, all relevant information available to Licensor and reasonable cooperation for such defense. NT shall have no obligation to indemnify Licensor (i) for any claim that arises solely under
the circumstances set forth in the first sentence of Section 10(c) above. The limitations of liability in Sections 10(a) and (b) shall not apply to NT indemnification obligations under
this Section 10(d).

	e)
	Each
party shall indemnify the other from and against any and all third party claims, actions, liabilities and damages, including costs and attorneys' fees, arising out of or in
connection with the other party's breach of a representation or warranty set forth herein, or failure to perform or comply with any term of this Agreement; provided that NT shall have taken all
reasonable actions to mitigate third party claims, liabilities and damages.

	11)
	Successors and Assigns. The rights and obligations of each party under this Agreement may not be transferred or assigned directly or
indirectly without the prior written consent of the other party, which consent will not be unreasonably withheld, except that either party may assign this Agreement to a parent, subsidiary, or any
entity that acquires substantially all of its stock, assets or business. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding upon, the
successors, assigns, heirs, executors and administrators of the parties hereto.

	12)
	Legal Relationship. This Agreement does not constitute a partnership or agency between the parties and each party shall not assume or
create any obligation or liability on behalf of the other party to this Agreement in any manner whatsoever.

	13)
	Force Majeure. In the event of any delay in performance by either party due to any cause arising from or attributable to acts, events,
non-happenings, omissions, accidents or acts of God beyond the reasonable control of such party, the party affected thereby shall be under no liability for loss or injury suffered by the
other party as a result thereof and the performance of such obligation by the party affected thereby shall be suspended during such delay and upon cessation of the cause of such delay, this Agreement
shall again become fully operative and such affected party shall immediately rectify such delay in performance, provided that, if such delay pertains to a material 

5

 

obligation
of the party affected by such event of force majeure and such delay shall exceed 6 (six) months, either party shall be entitled to terminate
this Agreement by written notice to the other. 

	14)
	Confidentiality.

	a)
	Each
party agrees that this Agreement and the contents thereof are confidential and shall not be disclosed to any third party without the prior written permission of the other party;
provided that either party may disclose this Agreement to its actual and potential security holders (debt and/or equity) so long as such parties are subject to restrictions on disclosure no less
restrictive than the restrictions set forth herein.

	b)
	Each
party agrees that all patents, code, designs, formulations, inventions, algorithms, know-how and ideas and all other business, technical and financial information they
obtain from the other are the confidential property of the disclosing party ("Confidential Information" of the disclosing party). Except as expressly and unambiguously allowed herein, the receiving
party will hold in confidence and not use or disclose any Confidential Information of the disclosing party and shall similarly bind its employees. Upon termination of this Agreement or upon request of
the disclosing party, the receiving party will return to the disclosing party all Confidential Information of such disclosing party, all documents and media containing such Confidential Information
and any and all copies or extracts thereof. The provisions of this clause shall not apply to the whole or any part of the confidential information to the extent that it: (1) is or has become
readily publicly available without restriction through no fault of the receiving party or its employees or agents; or (2) is received without restriction from a third party lawfully in
possession of such information and lawfully empowered to disclose such information; or (3) was rightfully in the possession of the receiving party without restriction prior to its disclosure by
the other party; or (4) was independently developed by employees or consultants of the receiving party without access to such Confidential Information. It shall not be a violation of this
Agreement if a receiving party discloses particular Confidential Information of a disclosing party when required to disclose such Confidential Information by law or by order of a court of competent
jurisdiction; provided that the receiving party uses its commercially reasonable efforts to promptly notify the disclosing party of such law or order, and reasonably cooperates in any attempt by the
disclosing party to quash such requirement or minimize the required disclosure.

	c)
	The
parties agree that Licensor Data, as used by NT in accordance with this Agreement, shall not constitute Confidential Information.

	15)
	Term/Termination.

	a)
	Term. The term of this Agreement shall be for a period of five (5) years beginning on the Effective Date (the "Initial Term",
together with any extensions, the "Term").

	b)
	Termination for Breach. Either party may terminate this Agreement by written notice if the other party fails to cure any material breach
within 30 days of receipt of written notice of such breach.

	c)
	Termination for Force Majeure. This Agreement may be terminated as provided in Section 13 (Force Majeure).

	d)
	Termination for Bankruptcy. Either party may terminate this Agreement immediately if any of the following events occur affecting the
other party: (a) voluntary bankruptcy or application for bankruptcy; (b) involuntary bankruptcy or application for bankruptcy not discharged within 60 days; (c) appointment
of receiver or trustee in bankruptcy for all or a portion of the other party's assets; or (d) an assignment for the benefit of creditors.

	e)
	

6

  

	16)
	Post-Termination/Expiration Obligations and Rights.

	a)
	Upon
expiration or termination of this Agreement, Licensor shall repay NT, within ninety (90) days after such expiration or termination, an amount equal to the unapplied Advance
Payment less the Aggregate Unapplied Minimum (as hereinafter defined). The "Aggregate Unapplied Minimum" shall mean the sum of the Unapplied Minimums (as hereinafter defined) for each annual period of
this Agreement. The "Unapplied Minimums" shall mean, for each annual period of this Agreement, the amount by which the license fees due hereunder is less than the minimum license fees for such annual
period set forth below, if any: 

	 
	 	Minimum

License Fees

	Year 1	 	$	400,000
	Year 2	 	$	400,000
	Year 3	 	$	400,000
	Year 4	 	$	800,000
	Year 5	 	$	1,000,000

	

	Notwithstanding
the foregoing, in the event NT terminates this Agreement in accordance with Section 15(b), (c), (d) or (e), the Aggregate
Unapplied Minimums shall only mean the sum of the Unapplied Minimums (or pro rated amounts thereof) up to such date of termination.

	b)
	Upon
expiration of this Agreement, if the total Advance Payment exceeded Eight Million Dollars ($8,000,000), Licensor may delay a portion of its payment obligation determined in
Section 16(a) by reducing such amount by the "Amortizable Amount", defined as the lesser of either (i) the total Advance Payment minus Eight Million Dollars ($8,000,000) or
(ii) the total Advance Payment minus the sum of the applied Advance Payment and the Aggregate Unapplied Minimum (as calculated in Section 16(a)). The Amortizable Amount shall be repaid
over a three (3) year period using an interest rate of prime plus 1% beginning at the expiration of this Agreement with payments made quarterly.

	17)
	Dispute Resolution.

	a)
	Any
dispute arising out of or in connection with this Agreement shall in the first instance be referred for consideration and possible resolution to the duly authorized representative
of NT and Licensor.

	b)
	Alternative Dispute Resolution. In case of any controversy or claim arising out of or related to this Agreement, the parties agree to
meet to resolve such dispute in good faith. Should such a resolution not be reached within thirty (30) calendar days, or any longer period mutually agreed to by the parties, the parties agree
to submit disputes between them relating to this Agreement, and its formation, breach, performance, interpretation, and application to arbitration as set forth in this Section 17. Arbitration
will be conducted pursuant to the Commercial Rules of the American Arbitration Association, as modified herein. Unless the parties can agree upon a mutually acceptable single arbitrator within fifteen
(15) days after the date specified in the written notice of the party requesting arbitration, each party will appoint a single arbitrator within an additional fifteen (15) days
thereafter. The two arbitrators so chosen will appoint a third arbitrator who must have knowledge of the subject matter contemplated in this Agreement within an additional fifteen (15) days
thereafter, or if an arbitrator with such knowledge cannot be reasonably appointed in such time, then an arbitrator that the initial two arbitrators determine would be most suitable for the matter.
The arbitration hearing will be commenced within sixty (60) days after the mutual appointment of one arbitrator or the appointment of all three arbitrators and the hearing will be completed and
an award rendered in writing within thirty (30) days after the commencement of the hearing, unless the arbitrators determine that exceptional circumstances justify delay. The 

7

 

arbitration
will be conducted in Wilmington, DE. The decision of the arbitrators will be binding and conclusive on all parties involved, and judgment upon their decision may be entered in a court of
competent jurisdiction. Each party will bear its own legal expenses and costs of arbitration, including attorneys' fees. The costs and expenses of the arbitration proceedings, including applicable
arbitrators' fees and expenses, will be borne equally by the parties or as otherwise determined by the arbitrators. Notwithstanding the foregoing, either party may seek injunctive relief in a court of
law or equity to enforce, assert, or preserve its rights in: (i) any intellectual property, including, without limitation, any rights it has in patents, copyrights, trademarks, or trade
secrets; or (ii) confidential or proprietary information as described in this Agreement. This Section will in no way be construed to allow for an award of monetary damages other than by
arbitration. To the fullest extent permitted by applicable law, each of the parties hereto hereby waives, and covenants that it will not assert (whether as plaintiff, defendant, or otherwise), any
right to trial by jury in any forum in respect of any issue, claim, demand, action, or cause of action arising out of or based upon this Agreement whether now existing or hereafter arising or whether
in contract, in tort, or otherwise. Each party hereby submits to the personal jurisdiction of the State and Federal courts in the State of Delaware for purposes of the enforcement of any awards
pursuant to arbitration and for purposes of the appropriate court to provide injunctive relief. 

	18)
	Notices. All notices required or permitted under this Agreement must be in writing and delivered by hand, fax or nationally recognized
overnight courier addressed if to NT and if to Licensor at the NT Address and Licensor Address, respectively, set forth on the cover page of this Agreement, or at such other address as either party
shall have furnished to the other in writing. All such notices and other written communications shall be effective (1) if sent by overnight courier, two business days after mailing and
(2) if sent otherwise, upon delivery.

	19)
	Press Releases. Neither party shall issue any press release or make any other written public disclosures regarding this Agreement or
the terms thereof without the prior written consent of the other party, unless required by law or by order of a court of competent jurisdiction.

	20)
	General

	a)
	This
Agreement constitutes the entire agreement between the parties with regard to the subject matter thereof and no other conditions, warranties, guarantees and representations shall
be of any force or effect other than those that are included herein.

	b)
	No
alteration or variation to, or consensual cancellation of this Agreement shall be of any force or effect unless it is recorded in writing and signed by all the parties to this
Agreement.

	c)
	No
failure by a party to enforce any provision of this Agreement shall constitute a waiver of such provision or affect in any way a party's right to require performance of any such
provision at any time in the future, nor shall the waiver of any subsequent breach nullify the effectiveness of the provision itself.

	d)
	In
the event that any of the terms of this Agreement are found to be invalid, unlawful or unenforceable, such terms will be severable. If any invalid term is capable of amendment to
render it valid, the parties agree to negotiate an amendment to remove the invalidity.

	e)
	The
parties shall each pay their own costs of negotiating, drafting, preparing and implementing this Agreement and the appendices to it.

	f)
	Execution
of this Agreement by the parties hereto in counterparts hereof shall constitute valid execution.

	g)
	Each
party warrants to the other party that it has power, authority and legal right to sign and perform this Agreement and that this Agreement has been duly authorized by all necessary 

8

 

actions
of its directors and constitutes valid and binding obligations on it in accordance with the terms of this Agreement. 

	h)
	Subject
to Section 17, any party shall be entitled to institute all or any proceedings against the other in connection with this Agreement in the applicable courts in the State
of Delaware. The parties hereby consent and submit to the jurisdiction of those courts.

	i)
	This
Agreement shall be construed and governed by the laws of the State of Delaware without giving effect to the conflict of laws provisions. The United Nations Convention for the
International Sale of Goods is expressly excluded.

	j)
	Sections
9 (Rights Reserved), 10 (Limitation of Liability and Indemnity), 14 (Confidentiality), 16 (Post-Termination Expiration Obligations and Rights) and 20 (General)
shall survive termination or expiration of this Agreement. 

*
* * 

9

 

        IN
WITNESS WHEREOF, the parties have caused their duly authorized representatives to execute this Agreement as of the Effective Date above first written. 

	MOBILITY TECHNOLOGIES, INC.	 	NAVIGATION TECHNOLOGIES NORTH AMERICA, LLC
	

By:	
 	

/s/  CHRISTOPHER M. ROTHEY      
	
 	

By:	
 	

/s/  JOHN K. MACLEOD      

	Name:	 	CHRISTOPHER M. ROTHEY
	 	Name:	 	JOHN K. MACLEOD

	Title:	 	COO
	 	Title:	 	EVP

	Date:	 	3/24/04
	 	Date:	 	3/26/04

10

   Exhibit A—Definition of Licensor Data and Services  

	(a)
	Licensor Data. During the Term, Licensor shall provide NT with the Licensor Data at the time and for the Coverage Areas set forth in
the Agreement, and pursuant to the terms set forth in Exhibit C hereto.

	(b)
	Services. During the Term, Licensor shall provide NT with the Services for the Coverage Areas set forth in the Agreement in accordance
with the Service Level Agreement attached hereto as Exhibit C.

	(c)
	System Availability and Support

	i)
	Telephone and Email Support. Licensor shall provide email and telephone support to NT in connection with the Services

	ii)
	Notice of Change. Licensor will provide NT a minimum
of                        prior written notification of changes to the
format or access method of the data feed as permitted in (a) and (b) above.

	(d)
	Coverage Area & Hours of Operation

	a)
	Coverage
Area 

	Coverage Area	 	Geographic extent of incidents and flow within a metropolitan area

	b)
	Hours
of Operation 

	Coverage
 
	 	Description
	 	Value

	Hours of Operation	 	Unscheduled Incidents	 	 
	 	 	Scheduled Incidents	 	 
	 	 	Flow Data	 	 

11

   Exhibit B—Initial Coverage Area  

	Rank*
 
	 	Market

	1	 	New York, NY
	2	 	Los Angeles, CA
	3	 	Chicago, IL
	4	 	San Francisco, CA
	5	 	Dallas—Ft. Worth, TX
	6	 	Philadelphia, PA
	7	 	Houston-Galveston, TX
	8	 	Washington, DC
	10	 	Detroit, MI
	15	 	Phoenix, AZ
	19	 	Baltimore, MD
	20	 	St. Louis, MO
	23	 	Pittsburgh, PA
	30	 	San Jose, CA

	*
	Rank
is the Market Rank determined by radio market size as reported by BIA. 

12

   Exhibit C—Service Level Agreement  

13

   Exhibit D—Third Coverage Area  

	Rank*
 
	 	Market

	18	 	Nassau—Suffolk, NY
	21	 	Tampa—St. Petersburg—Clearwater, FL
	27	 	Sacramento, CA
	28	 	Riverside—San Bernardino, CA
	34	 	Providence—Warwick—Pawtucket, RI
	36	 	Middlesex—Somerset—Union, NJ
	38	 	Orlando, FL
	52	 	Monmouth—Ocean, NJ
	60	 	Westchester, NY
	76	 	Wilmington, DE
	77	 	Sarasota—Bradenton, FL

	*
	Rank
is the Market Rank determined by radio market size as reported by BIA. 

14

   Exhibit E  

	Rank
 
	 	Market

	1	 	New York, NY
	2	 	Los Angeles, CA
	3	 	Chicago, IL
	4	 	San Francisco, CA
	5	 	Dallas—Ft. Worth, TX
	6	 	Philadelphia, PA
	7	 	Houston-Galveston, TX
	8	 	Washington, DC
	9	 	Boston, MA
	10	 	Detroit, MI
	11	 	Atlanta, GA
	12	 	Miami—Ft. Lauderdale—Hollywood, FL
	14	 	Seattle—Tacoma, WA
	15	 	Phoenix, AZ
	16	 	Minneapolis—St. Paul, MN
	17	 	San Diego, CA
	18	 	Nassau-Suffolk, NY
	19	 	Baltimore, MD
	20	 	St. Louis, MO
	21	 	Tampa—St. Petersburg—Clearwater, FL
	22	 	Denver—Boulder, CO
	23	 	Pittsburgh, PA
	24	 	Portland, OR
	25	 	Cleveland, OH
	26	 	Cincinnati, OH
	27	 	Sacramento, CA
	28	 	Riverside—San Bernardino, CA
	29	 	Kansas City, MO-KS
	30	 	San Jose, CA
	31	 	San Antonio, TX
	32	 	Salt Lake City—Ogden, UT
	33	 	Milwaukee—Racine, WI
	34	 	Providence—Warwick—Pawtucket, RI
	35	 	Columbus, OH
	36	 	Middlesex—Somerset—Union, NJ
	37	 	Charlotte—Gastonia—Rock Hill, NC
	38	 	Orlando, FL
	39	 	Las Vegas, NV
	40	 	Norfolk—Virginia Beach—Newport News, VA
	41	 	Indianapolis, IN

15

   Exhibit F  

	Rank
 
	 	Market

	1	 	New York, NY
	2	 	Los Angeles, CA
	3	 	Chicago, IL
	4	 	San Francisco, CA
	5	 	Dallas—Ft. Worth, TX
	6	 	Philadelphia, PA
	7	 	Houston—Galveston, TX
	8	 	Washington, DC
	9	 	Boston, MA
	10	 	Detroit, MI
	11	 	Atlanta, GA
	12	 	Miami—Ft. Lauderdale—Hollywood, FL
	14	 	Seattle—Tacoma, WA
	15	 	Phoenix, AZ
	16	 	Minneapolis—St. Paul, MN
	17	 	San Diego, CA
	18	 	Nassau—Suffolk, NY
	19	 	Baltimore, MD
	20	 	St. Louis, MO
	21	 	Tampa—St. Petersburg—Clearwater, FL
	22	 	Denver—Boulder, CO
	24	 	Portland, OR
	25	 	Cleveland, OH
	26	 	Cincinnati, OH
	29	 	Kansas City, MO-KS
	31	 	San Antonio, TX
	32	 	Salt Lake City—Ogden, UT
	33	 	Milwaukee—Racine, WI
	35	 	Columbus, OH
	37	 	Charlotte—Gastonia—Rock Hill, NC
	39	 	Las Vegas, NV
	40	 	Norfolk—Virginia Beach—Newport News, VA
	41	 	Indianapolis, IN
	42	 	Austin, TX
	43	 	Greensboro—Winston Salem—High Point, NC
	44	 	New Orleans, LA
	45	 	Nashville, TN
	46	 	Raleigh—Durham, NC
	47	 	West Palm Beach—Boca Raton, FL
	48	 	Memphis, TN
	49	 	Hartford—New Britain—Middletown, CT
	50	 	Jacksonville, FL
	51	 	Buffalo—Niagara Falls, NY
	53	 	Oklahoma City, OK
	54	 	Rochester, NY
	55	 	Louisville, KY
	56	 	Richmond, VA
	57	 	Birmingham, AL
	 	 	 

16

 

	58	 	Dayton, OH
	59	 	Greenville—Spartanburg, SC
	61	 	Honolulu, HI
	62	 	Tucson, AZ
	63	 	McAllen—Brownsville—Harlingen, TX
	64	 	Albany—Schenectady—Troy, NY
	65	 	Tulsa, OK
	66	 	Grand Rapids, MI
	67	 	Ft. Myers—Naples—Marco Island, FL
	68	 	Fresno, CA
	69	 	Wilkes Barre—Scranton, PA
	70	 	Allentown—Bethlehem, PA
	71	 	Albuquerque, NM
	72	 	Knoxville, TN
	73	 	Akron, OH
	74	 	Omaha—Council Bluffs, NE-IA
	75	 	Monterey—Salinas—Santa Cruz, CA
	78	 	El Paso, TX
	79	 	Harrisburg—Lebanon—Carlisle, PA
	80	 	Syracuse, NY
	81	 	Springfield, MA
	82	 	Toledo, OH
	83	 	Baton Rouge, LA
	84	 	Greenville—New Bern—Jacksonville, NC
	85	 	Little Rock, AR
	86	 	Gainesville—Ocala, FL
	87	 	Bakersfield, CA
	88	 	Stockton, CA
	89	 	Charleston, SC
	90	 	Columbia, SC
	91	 	Des Moines, IA
	92	 	Spokane, WA

17

   Exhibit G—Documented Bugs and Errors December 2003  

	#
 
	 	TYPE
	 	ISSUE
	 	PRIORITY
	 	DATE

NOTIFIED
	 	STATUS
	 	COMMENTS

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

18

   Exhibit H  

19

QuickLinks

DATA ACQUISITION AGREEMENT

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