Document:

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	GLOBAL TRAFFIC NETWORK
^-^EScyKy THIS CERTIFICATE IS TRANSFERABLE IN SOUTH ST. PAUL, MN
SEE REVERSE SIDE FOR CERTAIN DEFINITIONSCUS1P37947B103 FULLY PAID AND NON-ASSESSABLE
COMMON SHARES, $.001 PAR VALUE, OF GLOBAL TRAFFIC NETWORK, INC.transferable on the books of
the Corporation byJjfh^hflS^h^e^iif^effoffor^by’At^rney upon surrender of this certificate properly
endorsed. This certificate is not valid unless^cqu/Afsfn^i’b^lAfTransfef Agent and Registrar. IN
WITNESS WHEREOF, the said Corporation has caused this certificate to be signed by facsimile
signatures of its duly authorized officers. Dated:
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Cf <SxU- o >
H O 33 rnSECRETARY
CHIEF OFFICER

 

 

	The following abbreviations, when used in the inscription on the face of this certificate, shall be
construed as though they were written out in full according to applicable laws or regulations: TEN
COM — as tenants in common TEN ENT  — as tenants by entireties UTMA — -
Custodia” /r .. — (Gust) (Minor) under Uniform Transfer to Minors JT TEN
- as joint tenants with right of survivorship and not as tenants in common Additional
abbreviations may also be used though not in the above list. (State) Act PLEASE INSERT SOCIAL
SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS
INCLUDING POSTAL ZIP CODE OF ASSIGNEEa/iwao- /t&reou’
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on/ SIGNATURE GUARANTEED ALL GUARANTEES MUST BE .MADE BY A FINANCIAL INSTITUTION (SUCH AS A BANK OR
BROKER) WHICH.IS A PARTICIPANT IN THE SECURITIES TRANSFER AGENTS MEDALLION PROGRAM (“STAMP”), THE
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NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF
THE CERTIFICATE IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.EX-10.4 Information Report Supply Agreement

Exhibit 10.4

Portions herein identified by [***] have been omitted pursuant to a request for confidential
treatment under Rule24b-2 promulgated under the Securities Exchange Act of 1934, as amended. A
complete copy of this document has been filed separately with the Securities and Exchange
Commission.

INFORMATION REPORT SUPPLY AGREEMENT

THIS INFORMATION REPORT SUPPLY AGREEMENT (this “Agreement”) is entered into by and between THE
AUSTRALIAN TRAFFIC NETWORK PTY LIMITED, ABN 50 378 993 736 (“ATN”); and AUSTEREO PTY LIMITED, ABN
85 007 914 641 (“Austereo”).

INTRODUCTION

	A.	 	Austereo is the licensee of analogue and digital radio broadcasting stations including but
not limited to those set forth below:

	 	 	 	 	 
	 

	 	In Sydney:
	 	2 Day FM and Triple M
	 

	 	In Melbourne:
	 	Fox FM and Triple M
	 

	 	In Brisbane:
	 	B105 and Triple M
	 

	 	In Adelaide:
	 	SAFM and Triple M
	 

	 	In Perth:
	 	Mix 94.5 and 92.9

	 	 	and the owner and operator of various websites.
	 
	B.	 	Austereo has requested that ATN provide Traffic Reports (including Tags) for use on the
Stations and additional cash compensation.
	 
	C.	 	ATN has agreed to provide Austereo with Traffic Reports, Tags and additional cash
compensation in exchange for Austereo’s agreement to broadcast the Traffic Reports (including
Tags) and to broadcast Tags immediately adjacent to News Reports, all in accordance with the
terms of this Agreement.
	 
	D.	 	This agreement contemplates the use of traffic information on digital radio stations owned or
operated by Austereo during the Term, the terms and means to be discussed in good faith by the
parties.
	 
	E.	 	This agreement contemplates use of traffic information on websites owned or operated by
Austereo during the Term, the terms and means to be discussed in good faith by the parties.
	 
	1.	 	DEFINITIONS AND INTERPRETATION
	 
	1.1	 	DEFINITIONS
	 
	 	 	In this Agreement:

 

 

	 	 	BSA means the Broadcasting Services Act 1992 (Cth).
	 
	 	 	Broadcasting Schedule means the schedule for broadcasting Information Reports and Tags, as
set forth in Schedule A attached or as otherwise agreed by the parties in
accordance with this Agreement.
	 
	 	 	Business Day means a day that is not a Saturday, Sunday, public holiday or bank holiday in
New South Wales.
	 
	 	 	Commencement date means 1 July 2008.
	 
	 	 	CRA Codes means the Commercial Radio Australia Codes of Practice and any Commercial Radio
Standards endorsed or applied (as the case may be) by the Australian Communications and
Media Authority pursuant to the BSA.
	 
	 	 	Fee means cash compensation in accordance with the following schedule and subject to
adjustment as set forth in Schedule C:

	 	1 July 2008 through 30 June 2012:	$[***] per annum exclusive of GST, in monthly

instalments of $[***], plus GST.

	 	 	Force Majeure means acts of God, fire, unavoidable accident, acts of war, (declared or
undeclared) laws, rules, regulations and orders of any Government or Government Agency,
emergency broadcast or other broadcast requirements under CRA Codes or as a result of
government requirements, strikes, walkouts, lockouts and other disturbances, delays in
transportation, floods, storms and other natural disturbances, the failure or destruction
of any technical equipment, weather or flying conditions, and other matters beyond the
control of, or not reasonably foreseeable to the party concerned (other than the ability of
the party for whatever reason, to pay money it is obliged to pay), whether or not similar
to those enumerated.
	 
	 	 	Independent Accountant means a person who is expert and prominent in the subject matter for
which he is appointed and who is appointed jointly by the parties, or if they do not agree
on the person to be appointed within seven days of any party requesting appointment, a
chartered accountant appointed by the Regional Manager New South Wales branch of The
Institute of Chartered Accountants in Australia at the request of either party.
	 
	 	 	Information Reports means Traffic Reports and/or News Reports, as applicable.
	 
	 	 	Intellectual Property Rights means all intellectual property rights, including but not
limited to: (a) patents, copyright, know-how, trade secrets, rights in circuit layouts,
registered designs, trade marks and the right to have confidential information kept
confidential; and (b) any application or right to apply for registration of any of the
rights referred to in paragraph (a).
	 
	 	 	News Report means a radio news bulletin produced and broadcast by Austereo, together with a
Tag, that contains information likely to be of interest to radio listeners concerning
(among other things) breaking news, current events, newsworthy events and current affairs,
including without limitation general information, sports, finance, traffic and weather
information.
	 
	 	 	Notice includes all notices, consents, requests, waivers, demands or other communications
by a party to another party permitted or required by this Agreement.
	 
	 	 	Stations means the analogue and digital radio stations that are broadcast and streamed
online controlled or operated by Austereo during the Term.

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	 	 	Tag means a ten (10) second commercial announcement read live by an ATN reporter at the end
of each Traffic Report and News Report or otherwise supplied by ATN in pre-recorded form,
and which complies in content and style with the standard Austereo policy for allowable
commercial announcements or credit lines permitted to other sponsors on the Stations.
	 
	 	 	Term means the four year period commencing on the Commencement Date and ending at the close
of business on June 30, 2012 or upon earlier termination pursuant to clause 8 of this
Agreement.
	 
	 	 	Traffic Report means a report on road traffic conditions for the Station area, together
with a Tag.

	1.2	 	INTERPRETATION
	 
	 	 	In this Agreement (including the recitals) unless the contrary intention appears:

	 	(a)	 	words denoting the singular include the plural and vice versa;
	 
	 	(b)	 	a reference to any one of an individual, corporation, partnership, joint
venture, association, authority, trust or government, includes (as the context
requires) any other of them;
	 
	 	(c)	 	a reference to a party is a reference to a party to this agreement and
includes that party’s executors, administrators, successors and permitted assigns;
	 
	 	(d)	 	related body corporate has the meaning ascribed by section 50 of the
Corporations Act 2001 (Cth);
	 
	 	(e)	 	a reference to A$, $A, dollar or $ is to Australian currency;
	 
	 	(f)	 	a reference to time is to Sydney, Australia time; and
	 
	 	(g)	 	except with respect to the delivery and broadcast of Information Reports and
Tags, if a day on or by which an obligation must be performed or an event must occur
is not a Business Day, the obligation must be performed or the event must occur on or
by the next Business Day.

	2.	 	PROVISION AND BROADCAST OF INFORMATION REPORTS
	 
	2.1	 	From the Commencement Date (subject to clause 2.2) and for the Term:

	 	(a)	 	ATN agrees to provide to Austereo, at ATN’s expense, and Austereo agrees to
broadcast on Stations, at Austereo’s expense, a minimum number of Traffic
Reports(including Tags); and
	 
	 	(b)	 	Austereo, at Austereo’s expense, agrees to prepare and broadcast on Stations
a minimum number of News Reports (including Tags)

	 	 	as described in the Broadcasting Schedule and in accordance with specifications in
Schedule B and at other times or for special events as agreed between the parties
from time to time except Christmas Day.

	2.2	 	The parties acknowledge that it may be necessary to make amendments to the Broadcasting
Schedule from time to time. Austereo may, by providing ATN with at least thirty (30) days
advance written notice, notify ATN of a change to the Broadcasting Schedule provided that:

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	 	(a)	 	neither the total number of Traffic Reports nor the total number of News
Reports (in either case including Tags) broadcast is decreased;
	 
	 	(b)	 	if the total number of Information Reports broadcast is increased, an
additional Tag shall be broadcast in respect of each additional Information Report;
and
	 
	 	(c)	 	Austereo must ensure that the Tags are broadcast at times no less favourable
to ATN than those times specified in the Broadcasting Schedule, unless agreed to by
ATN.

	 	 	Unless specifically provided for in this Agreement, no amendments to the Broadcasting
Schedule shall result in a reduction in the total number of Tags being broadcast. Where
broadcasts of Information Reports are removed from the Broadcasting Schedule, the parties
must negotiate a replacement broadcast in good faith.

	2.3	 	In addition to the times listed in the Broadcasting Schedule, ATN will, during the Term,
forward any significant traffic information to Austereo without delay, if and when it becomes
available.
	 
	2.4	 	At the election of Austereo in relation to each Station, ATN shall provide the Traffic
Reports and the Tags to be included in Traffic Reports and News Reports either:

	 	(a)	 	by live feed directly to Austereo at the scheduled broadcast time and
in a format compatible with the broadcasting system and technology used by
Austereo; or
	 
	 	(b)	 	in recorded format (compatible with the broadcasting system and
technology used by Austereo), in which case ATN must deliver the Traffic Reports
to Austereo a reasonable amount of time prior to the relevant time stated in the
Broadcasting Schedule.

	 	 	Austereo may direct ATN in writing no later than seven days prior to the relevant scheduled
broadcast time, that ATN is to provide the Traffic Reports for a Station in accordance with
either clause 2.4(a) or 2.4(b), such direction to remain in force until such time as
Austereo provides ATN with a subsequent direction for that Station. In the absence of any
direction by Austereo for any Station, the Traffic Reports for such Station shall be
provided in accordance with clause 2.4(a).
	 
	2.5	 	In addition to Traffic Reports, ATN will supply, at the request of Austereo, traffic and/or
general news reports for special promotional events, sporting events, beach reports or weekend
reports. These reports will also carry a Tag at the conclusion of each report, and the
reports will be scheduled and agreed upon at least 30 days in advance. Emergency and disaster
reports will be provided to Austereo without a Tag.
	 
	2.6	 	In the event of a recorded or delayed broadcast of an Information Report, Austereo will use
best endeavours to broadcast such Information Reports within fifteen minutes of the times
listed in the Broadcasting Schedule.
	 
	2.7	 	In the event of delayed or recorded broadcasts of Information Reports, Austereo must verify
to ATN that such Information Reports were broadcast. If ATN so requests, within five weeks of
the allocated broadcast dates for the requested Information Reports, Austereo must provide
written verification of the times that such Information Reports were broadcast as required
under this Agreement and in the absence of obvious and material error, such written
verification will be conclusive evidence that the Information Reports were broadcast under
this Agreement.
	 
	2.8	 	Notwithstanding anything to the contrary contained in this Agreement, Austereo is not obliged
to broadcast any Traffic Report or Tag which is, in the reasonable opinion of Austereo, not in
accordance with the specifications set forth in Schedule B.

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	2.9	 	ATN warrants to and agrees with Austereo that no Traffic Report or Tag provided by it to
Austereo will contain any matter which is in breach of BSA, the CRA Codes or which is
otherwise contrary to law or in breach of the proprietary or other rights of any person.
	 
	2.10	 	All Traffic Reports will be broadcast from ATN aircraft, ATN premises, or other place of
broadcast, via appropriate communication technology as shall be mutually agreed from time to
time. All costs associated with ATN providing the Traffic Reports will be the sole
responsibility of ATN. Except for periods of inclement weather, maintenance, or other
conditions that prevent flying, ATN agrees that the Traffic Reports will be compiled by ATN
using aerial or elevated observations by use of aircraft (whether helicopter or fixed wing) in
each of the broadcast areas of the Stations during the term of this Agreement.
	 
	3.	 	TAGS
	 
	3.1	 	Immediately following each Information Report broadcast by Austereo, Austereo must broadcast
on the Station, at Austereo’s cost, a Tag that will be provided live to Austereo by ATN as
part of such Information Report. If, by agreement with Austereo a Tag is not provided live by
ATN, or if Austereo opts to broadcast a Tag in recorded format, then Austereo must broadcast
the recorded Tag immediately following the Information Report subject to the Tag having been
provided by ATN to Austereo a reasonable time prior to the scheduled broadcast. All payments
received for the Tag will be for the benefit of ATN.
	 
	3.2	 	ATN must ensure that each Tag is in compliance with Austereo’s programming guidelines as
described on Schedule B. Subject to clause 2.9, all other specifications of the Tags
shall be at the sole discretion of ATN.
	 
	3.3	 	If Austereo fails to broadcast any Tag as required under this Agreement other than as a
result of a failure by ATN to comply with its obligations under this Agreement, Austereo must
use all reasonable endeavours to broadcast a replacement Tag at a time proposed by Austereo
and approved by ATN (such approval not to be unreasonably withheld).
	 
	3.4	 	ATN may receive payment from other persons in respect of the Tags and, subject to this
Agreement: (a) the Tags may endorse a person or a product of a person; (b) ATN is entitled to
contract with any persons (subject to clause 11) on any terms it considers appropriate in
respect of the content of the Tags; and (c) Austereo has no direct entitlement to any monies
or other consideration received by ATN in respect of the Tags. Austereo acknowledges that its
payment in respect of the Tags is as set out in this Agreement.
	 
	4.	 	CLEARANCE OF TRAFFIC REPORTS AND TAGS
	 
	4.1	 	Austereo may edit, or request ATN to edit, any Traffic Reports or Tags that it reasonably
considers are in breach of this Agreement. Austereo agrees to use reasonable endeavours to
consult with ATN prior to editing any Tags (where there is sufficient time prior to the
scheduled broadcast) and the parties agree to use reasonable endeavours to
negotiate any changes in good faith; provided, however, that Austereo shall have final
approval and editorial rights in relation to the content of any Traffic Report or Tag.
	 
	4.2	 	If Austereo receives a notice claim or demand by a third party in relation to any Tag, it
will be entitled, at its discretion, to discontinue the broadcast of such Tag until such time
as there is an opportunity to investigate the claim or demand and make arrangements, where
appropriate, for an edited or replacement Tag.
	 
	4.3	 	ATN acknowledges and agrees that, notwithstanding the foregoing, Austereo shall not be
required to broadcast any Tag which in Austereo’s opinion (acting reasonably) is in breach of
this Agreement.

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	5.	 	FAILURE TO BROADCAST
	 
	 	 	Neither ATN nor Austereo will incur any liability under this Agreement because of any
failure to provide or failure to broadcast any Information Reports and Tags due to Force
Majeure.
	 
	6.	 	INTELLECTUAL PROPERTY RIGHTS
	 
	6.1	 	Subject to third party rights, ATN acknowledges that Austereo owns all Intellectual Property
Rights in the News Reports produced by Austereo.
	 
	6.2	 	Subject to third party rights, Austereo acknowledges that ATN owns all Intellectual Property
Rights in the Traffic Reports and the Tags provided by ATN to Austereo under this Agreement;
provided, however, that ATN shall not sell, licence or otherwise distribute to any other
person or station in competition with Austereo any Traffic Report or Tag which is presented by
an employee or personality of Austereo without the prior written consent of Austereo (which
may be withheld at Austereo’s absolute discretion).
	 
	 	 	Austereo acknowledges that ATN will be entitled to provide to other radio stations or for
the purpose of any medium (including without limitation wireless, mobile, on-line,
internet, or satellite medium and whether as part of a multi-media portal or otherwise),
Traffic Reports and Tags which are substantially identical in content to the Traffic
Reports and Tags provided to Austereo under this Agreement, but it is agreed that the
voicing or personality used for Stations’ Traffic Reports may not be used by any station
considered by Austereo, in its sole discretion, to be competitive with any Austereo
Stations without the prior consent of Austereo (which may be withheld at Austereo’s
absolute discretion).
	 
	6.3	 	ATN licenses Austereo the right to broadcast, reproduce and communicate to the public on the
Stations, Traffic Reports provided to Austereo by ATN and to make a taped copy of such Traffic
Reports solely for the purpose of making a delayed broadcast on Stations and to edit such
Traffic Report as permitted by this Agreement (provided that the Tag is incorporated in full)
for such delayed broadcast. Austereo has no other rights in the Traffic Reports provided by
ATN and, without limiting generality, must not without the prior written consent of ATN
broadcast the Traffic Reports on any other Stations owned or operated by Austereo or any of
their related bodies corporate nor provide copies or purport to authorise any other Austereo
station to re-broadcast such Traffic Reports, unless agreed to in writing by ATN.
	 
	6.4	 	Austereo agrees not to provide or sell the Traffic Reports or the Tags or any of the
information contained in the Traffic Reports or the Tags to any other person without the prior
written consent of ATN; provided, however, that Austereo shall be entitled to provide the
Traffic Reports and Tags or any of them to a third party in compliance with any statutory or
regulatory requirement or in relation to any scheme or contractual obligation for the purpose
of demonstrating accountability of Austereo of placement of any material contracted to be
broadcast for or on behalf of a third party.
	 
	6.5	 	The parties agree to discuss in good faith means of exploiting, and ATN shall be given the
first right to provide, traffic information for use on any digital radio stations owned or
operated by Austereo during the Term. In the event that Austereo is able to obtain traffic
information from another entity during the Term for use on any digital radio station, Austereo
shall not enter any agreement with any such entity without first offering ATN the right to
match or better any such arrangement.
	 
	6.6	 	The parties agree in good faith to discuss exploitation of ATN traffic information on
websites owned or operated by Austereo during the Term on the understanding that such
exploitation will be subject to any pre-existing third party rights, including but not limited
to, rights held by Austereo’s online media partner.
	 
	7.	 	PAYMENT OF FEE

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	7.1	 	ATN agrees to pay to Austereo the Fee as set out in clause 1.1 of this Agreement and
Schedule C, and the allocation of the Fee between the Austereo Stations is solely at
the discretion of Austereo.
	 
	7.2	 	At the conclusion of each week Austereo will print direct from their scheduling system a
report detailing the spots that went to air. Austereo’s Traffic function will report to ATN
any circumstances where the scheduled spots do not go to air on a weekly basis.
	 
	7.3	 	Within 30 days of receiving the written statement of Austereo contemplated by clause 7.2
above, ATN shall:

	 	(a)	 	pay to Austereo the amount set forth in such statement; or
	 
	 	(b)	 	give Austereo a notice stating that it does not agree with such statement,
and specifying the matters in respect of which it disagrees and the grounds on which
such disagreement is based.

	 	 	If ATN delivers the notice referred to in clause 7.3(b), then it must pay the amount set
out in the written statement of Austereo, less any amounts disputed, within five Business
Days after giving the notice under clause 7.3(b). Unless otherwise agreed upon by the
parties, amounts set forth on such statement for a particular month and invoiced by
Austereo shall become conclusive and binding on Austereo with respect to amounts owed by
ATN for such month upon ATN’s payment of such invoiced amount. However, if ATN makes a
payment under this Agreement, that fact shall not constitute agreement by ATN of the
accuracy of anything contained in the corresponding written statement of Austereo.

	7.4	 	If a matter of disagreement under clause 7.3 is not resolved within five Business Days of
delivery of the notice by ATN under clause 7.3(b), then either ATN or Austereo may refer the
matter of disagreement for resolution to an Independent Accountant pursuant to the procedures
set forth below, which shall be the sole and exclusive remedy of the parties related to
matters of disagreement under clause 7.3:

	 	(a)	 	The disputed matters must be referred to the Independent Accountant by
written submission which must include copies of documents relevant to the dispute and
reference to the relevant provisions of this Agreement.
	 
	 	(b)	 	The Independent Accountant shall be instructed to finish its determination as
soon as practicable, and in any event no later than ten (10) Business Days after its
appointment (or other period agreed by the parties).
	 
	 	(c)	 	The parties shall promptly supply the Independent Accountant with any
information, assistance and cooperation requested in writing by it in connection with
its determination. All correspondence between the Independent Accountant and a party
must be copied to the other party.
	 
	 	(d)	 	The Independent Accountant shall determine the procedures for settlement of
the disputed matter.
	 
	 	(e)	 	The Independent Accountant acts as an independent expert and not an
arbitrator. The Independent Accountant’s decision will be conclusive, final and
binding on the parties (except in the case of manifest error).
	 
	 	(f)	 	The costs of the Independent Accountant will be paid as determined by the
Independent Accountant having regard to the relative position of the parties on the
disagreement.

	8.	 	TERM AND TERMINATION

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	8.1	 	This Agreement will commence on the Commencement Date and shall continue for the Term unless
terminated earlier in accordance with this Agreement. Within 2 months of the end of the Term,
both parties agree to enter discussions in relation to renewal of the Term.
	 
	8.2	 	ATN may terminate this Agreement with immediate effect by giving notice to Austereo if
Austereo fails to broadcast any Tags for at least 95% of the times set forth in the Broadcast
Schedule in any calendar month except where Austereo’s failure is caused reason of Force
Majeure or by a failure of ATN to comply with its obligations under this Agreement, or except
where replacement Tags have been broadcast in accordance with this Agreement. ATN may
terminate this Agreement immediately as it relates to any one Station upon written notice to
Austereo if such Station’s broadcast licence is terminated or revoked for any reason
whatsoever and the Fee shall be adjusted accordingly in accordance with Schedule C.
	 
	8.3	 	Austereo may terminate this Agreement with immediate effect by giving notice to ATN if: (i)
ATN fails to provide Austereo with any Traffic Reports for a continuous period of 36 hours; or
(ii) ATN fails to provide Traffic Reports for at least 95% of the scheduled Traffic Reports in
the Broadcasting Schedule over any two month period; except in either case where ATN’s failure
is caused by reason of Force Majeure or by Austereo failing to comply with its obligations
under this Agreement.
	 
	8.4	 	Either party may terminate this Agreement with immediate effect by giving written notice to
the other party if: (a) such other party breaches any provision of this Agreement and fails to
remedy the breach within thirty (30) days after receiving written notice requiring it to do
so; or (b) that other party breaches a material provision of this Agreement which breach is
not capable of remedy; or (c) an event referred to in clause 8.5 occurs with respect to such
other party.
	 
	8.5	 	Each party must notify the other party immediately if:

	 	(a)	 	that party disposes of the whole or part of its assets, operations or
business other than in the ordinary course of business;
	 
	 	(b)	 	that party ceases to carry on business;
	 
	 	(c)	 	that party ceases to be able to pay its debts as they become due;
	 
	 	(d)	 	any step is taken by a mortgagee to take possession or dispose of the whole
or part of that party’s assets, operations or business; or
	 
	 	(e)	 	any step is taken to enter into any arrangement between that party and its
creditors;
	 
	 	(f)	 	any step is taken to appoint a receiver, a receiver and manager, a trustee in
bankruptcy, a provisional liquidator, a liquidator, an administrator or other like
person of the whole or part of that party’s assets, operations or business; or
	 
	 	(g)	 	where that party is a partnership, any step is taken to dissolve that
partnership.

	8.6	 	Termination of this Agreement does not affect any accrued rights or remedies of either party,
including the right to seek damages at common law to which a party may be entitled as a result
of any breach or default by the other party giving rise to a termination under clause 8.2, 8.3
or 8.4, as applicable. Upon termination of this Agreement in accordance with this clause 8,
and except as otherwise provided above in this clause 8, (i) ATN’s obligations to deliver
Traffic Reports and Tags and to pay the Fee shall cease, and (ii) Austereo’s obligations to
broadcast Traffic Reports and Tags shall cease; in each case without prejudice to the parties’
rights to seek damages for termination under clauses 8.2, 8.3 or 8.4, as applicable.

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	9.	 	NON-SOLICITATION OF EMPLOYEES
	 
	9.1	 	Austereo may not during the Term, and for a period of 90 days from the termination of this
Agreement, solicit, canvass, or approach a person who was an employee of ATN at any time
during the term of this Agreement with a view to inducing or encouraging them to leave their
employment with ATN; provided, however that this clause shall not apply in respect of any
person who: (i) has at any time been an employee or contractor of Austereo, or any related
body corporate of Austereo; and (ii) has been employed by ATN, or any related body corporate
of ATN, for a period of less than three (3) months.
	 
	9.2	 	ATN may not during the term of this Agreement, and for a period of 90 days from the
termination of this Agreement, solicit, canvass or approach a person who was an employee of
Austereo at any time during the term of this Agreement with a view to inducing or encouraging
them to leave their employment with ATN; provided, however that this clause shall not apply in
respect of any person who: (i) has at any time been an employee or contractor of ATN, or any
related body corporate of ATN; or (ii) has been employed by Austereo for a period of less than
three (3) months.
	 
	10.	 	CONFIDENTIALITY
	 
	 	 	The parties agree that each party (the “receiving party”) may use Confidential Information
of the other party (the “disclosing party”) only for the purposes of performing its
obligations under this Agreement and that such Confidential Information will be kept
confidential by the receiving party and its representatives and agents and shall not be
disclosed without the prior written consent of the disclosing party; provided, however,
that Confidential Information may be disclosed to the receiving party’s representatives or
agents who need to know such information for the purpose of performing the receiving
party’s obligations under this Agreement (it being understood that such representatives and
agents shall be informed by the receiving party of the confidential nature of such
information, and shall be directed by the receiving party to treat such information
confidentially). The receiving party agrees to be responsible for any breach of this
Agreement by its representatives or agents. Notwithstanding the restrictions set forth in
this clause, a receiving party shall be permitted to disclose Confidential Information of
the disclosing party if such disclosure is required by applicable law or legal process,
including applicable regulations of the United States Securities and Exchange Commission.
In such event, the receiving party shall (a) notify the disclosing party and give the
disclosing party a reasonable opportunity to take steps that the disclosing party considers
necessary to protect the confidentiality of such Confidential Information; and (b) notify
the third person that the information is confidential information of the disclosing party.
	 
	11.	 	[***]

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	12.	 	INDEMNITY AND INSURANCE
	 
	12.1	 	Austereo shall indemnify ATN against all expenses, losses, damages and costs (on a solicitor
and own client basis and whether incurred by or awarded against ATN) that ATN may sustain or
incur as a result, whether directly or indirectly, of:

	 	(a)	 	any breach of this Agreement by Austereo including, but not limited to, a
breach in respect of which ATN exercises an express right to terminate this Agreement;
	 
	 	(b)	 	any loss of or damage to any property or injury to or death of any person
caused by any negligent act or omission or wilful misconduct of Austereo or its
officers and employees; or
	 
	 	(c)	 	any use of the Traffic Reports or the Tags in breach of this Agreement.

	 	 	Austereo recognises that the Traffic Reports and Tags are subject to copyright, and that
use of such Traffic Reports in breach of this Agreement may be the subject of injunctive
relief, as well as a claim in damages.

	12.2	 	ATN must indemnify Austereo against all expenses, losses, damages and costs (on a solicitor
and own client basis and whether incurred by or awarded against Austereo) that Austereo may
sustain or incur as a result, whether directly or indirectly, of:

	 	(a)	 	any breach of this Agreement by ATN including, but not limited to, a breach
in respect of which Austereo exercises an express right to terminate this Agreement;
	 
	 	(b)	 	any loss of or damage to any property or injury to or death of any person
caused by any negligent act or omission or wilful misconduct of ATN or its officers
and employees; or
	 
	 	(c)	 	any claim arising in relation to the content of the Tags or the Traffic
Reports, except to the extent that the same arose wholly or partly as a result of any
unauthorised use by Austereo of the Tags or the Traffic Reports in breach of this
Agreement(ii) directions or requests issued to ATN by Austereo; (iii) any information
provided to ATN by Austereo or its employees upon which ATN relied; or (iv) any
changes made to, or requested in respect of, the Traffic Reports or the Tags by
Austereo.

	13.	 	DISPUTE RESOLUTION
	 
	13.1	 	If a dispute arises out of this Agreement (a “Dispute”), a party must comply with this clause
13 before commencing arbitration or court proceedings (except proceedings for interlocutory
relief). This clause 13 does not apply to disputes required to be resolved in accordance with
clause 8.4.
	 
	13.2	 	A party claiming a Dispute has arisen must give the other party to the Dispute notice setting
out details of the Dispute. During the 14 days after such notice is given (or longer period if
the parties to the Dispute agree in writing), each party to the Dispute must use its
reasonable efforts to resolve the Dispute. If the parties cannot resolve the Dispute within
that period, they must refer the Dispute to a mediator if one of them requests. If the parties
to the Dispute cannot agree on a mediator within seven days after such request, the chairman
of LEADR or the chairman’s nominee will appoint a mediator. The role of a mediator is to
assist in negotiating a resolution of the Dispute. A mediator may not make a binding decision
on a party to the Dispute except if the party agrees in writing.

10

 

	13.3	 	Any information or documents disclosed by a party under this clause 13 must be kept
confidential, and may only be used to attempt to resolve the Dispute.
	 
	13.4	 	Each party to a Dispute must pay its own costs of complying with this clause 13. The parties
to the Dispute must equally pay the costs of any mediator.
	 
	13.5	 	A party to a Dispute may terminate the dispute resolution process by giving notice to each
other after it has complied with clauses 13.1 and 13.2. Clauses 13.3 and 13.4 shall survive
termination of the dispute resolution process.
	 
	13.6	 	If a party to a Dispute breaches clauses 13.1 through 13.5, the other party or parties to the
Dispute do not have to comply with such clauses in relation to the Dispute.
	 
	14.	 	WARRANTIES OF THE PARTIES
	 
	14.1	 	Austereo warrants that:

	 	(a)	 	it has the capacity to enter into this Agreement and broadcast the
Information Reports and the Tags on the Stations;
	 
	 	(b)	 	it has the authority to direct each of the Stations to comply with this
Agreement; and
	 
	 	(c)	 	this Agreement will not cause it to be in breach of any other agreement or
law that may entitle another person to apply for injunctive relieve to prevent
Austereo from complying with its obligations under this Agreement.

	14.2	 	ATN warrants that:

	 	(a)	 	it has capacity to enter into this Agreement and do all things necessary to
comply with its obligations under the terms of this Agreement; and
	 
	 	(b)	 	this Agreement will not cause it to be in breach of any other agreement that
may entitle another person to apply for injunctive relieve to prevent the ATN from
complying with its obligations under this Agreement.

	15.	 	MISCELLANEOUS
	 
	15.1	 	No party is liable for any failure to perform or delay in performing its obligations under
this agreement if that failure or delay is due to a Force Majeure event. If that failure or
delay exceeds thirty (30) days, the other party may terminate this agreement with immediate
effect by giving notice to the other party. A party whose performance is affected by Force
Majeure will use all reasonable endeavours to expedite resumption of the relevant performance
failure.
	 
	15.2	 	A notice, demand, consent, approval or communication under this Agreement must be in writing,
in English and signed by a person duly authorised by the sender, and hand delivered or sent by
prepaid post or facsimile to the recipient’s address for notices specified below:

If to ATN:

The Australian Traffic Network Pty Limited

Level 42, 100 Miller Street

Sydney NSW 2060

Attention: Bill Pezzimenti

If to Austereo:

Austereo Pty Limited

11

 

Level 14, 50 Goulburn Street

Sydney NSW 2000

Attention: Michael Anderson

	 	 	A notice given in accordance with this clause shall take effect when received (or at a
later time specified in it), and is taken to be received: (a) if hand delivered, on
delivery; (b) if sent by prepaid post, on the second Business Day after the date of posting
(or on the seventh Business Day after the date of posting if posted to or from a place
outside Australia); and (c) if sent by facsimile, when the sender’s facsimile system
generates a message confirming successful transmission of the entire notice unless, within
eight Business Hours after the transmission, the recipient informs the sender that it has
not received the entire notice. Notwithstanding the foregoing, if delivery, receipt or
transmission is not on a Business Day or is after 5.00pm on a Business Day, the notice is
taken to be received at 9.00am on the next Business Day.

	15.3	 	This Agreement does not create a relationship of employment, agency, partnership or joint
venture between the parties.
	 
	15.4	 	This Agreement is governed by the law applicable in New South Wales and each party
irrevocably and unconditionally submits to the non-exclusive jurisdiction of the courts of New
South Wales.
	 
	15.5	 	This Agreement may be executed in any number of counterparts.
	 
	15.6	 	This Agreement may be altered only in writing signed by each party.
	 
	15.7	 	A party must not assign this agreement or any right under this Agreement (except to its
related bodies corporate) without the prior written consent of the other party, which must not
be unreasonably withheld.
	 
	15.8	 	Each party must bear its own costs of preparing and executing this Agreement.
	 
	15.9	 	This Agreement, including its schedules and annexures, represents the entire understanding
between the parties. No waiver, alteration, or modification of any provision hereof shall be
binding unless in writing and signed by authorised agents or employees of both parties to this
agreement.

Signature Page Follows

12

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered, all on and as of the date first written above.

	 	 	 	 	 	 	 	 	 
	SIGNED for and on behalf of THE

	 	 	)	 	 	 	 	 
	AUSTRALIAN TRAFFIC NETWORK

	 	 	)	 	 	 	 	 
	PTY LIMITED by one of its directors in

	 	 	)	 	 	 	 	 
	the presence of:

	 	 	)	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	/s/ Patrick Qunilan

	 	 	 	 	 	/s/ Bill Pezzimenti	 	 
	 

	 	 	 	 	 	 	 	 
	Witness

	 	 	 	 	 	Bill Pezzimenti, Managing Director	 	 
	 
	 	 	 	 	 	 	 	 
	P. Quinlan
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name (printed)
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	SIGNED for and on behalf of

	 	 	)	 	 	 	 	 
	AUSTEREO PTY LIMITED by

	 	 	)	 	 	 	 	 
	one of its authorized officers in

	 	 	)	 	 	 	 	 
	in the presence of:

	 	 	)	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	/s/ Victoria Lloyd

	 	 	 	 	 	/s/ Michael Anderson	 	 
	 

Witness

	 	 	 	 	 	 

Michael Anderson, Director
	 	 
	 
	 	 	 	 	 	 	 	 
	Victoria Lloyd
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name (printed)
	 	 	 	 	 	 	 	 

13

 

SCHEDULE A

BROADCASTING SCHEDULE

[***]

A-1

 

SCHEDULE B

REPORT AND TAG PROGRAMMING GUIDELINES

Report Specifications:

Traffic Reports must be of high quality, containing relevant and timely information so as to be of
maximum benefit to the target audiences of the Stations. The Traffic Reports shall be current and
shall, as far as is reasonably practicable, represent the latest information available at the time
of provision of the Traffic Report.

Traffic Reports for a Station must be presented in a style and be consistent with the relevant
Station programming format and reporting format as notified to ATN by Austereo in writing. Austereo
will give reasonable notice (in no event less than fourteen (14) days) of any material change in
format of the Station where that change affects the reporting requirements.

The persons engaged by ATN at its expense for the purpose of presentation of Traffic Reports shall
be persons who are approved by Austereo as being suitable for broadcasting to the audience of
Stations.

Tag Specifications:

Each Tag shall be no more than ten seconds in length.

Each Tag shall comply in content and style with Austereo’s standard advertising terms and
conditions as provided by Austereo to ATN, and as amended from time to time. It is acknowledged
that the conduct of broadcasters can influence reform of advertising or broadcasting laws codes or
regulation. Austereo will be entitled to take into account regulator and community concern
including those relating to setting its policies.

A Tag shall be produced and provided in a form which ensures that a reasonable listener of the
Station(s) can distinguish that Tag as advertising material as opposed to editorial, news or other
material. Austereo shall have the absolute right, in its discretion, to reject any Tag which in the
opinion of Austereo does not conform to this paragraph, in which case ATN may provide a substitute
Tag.

A Tag shall not contain news or current affairs material nor any political, religious, economic or
social comment statement or opinion.

All other specifications of the Tags shall be at the sole discretion of ATN, provided they comply
with the requirements of this Agreement.

Specifications applicable to Reports and Tags

In addition to the Report Specifications and Tag Specifications and set forth above, the Traffic
Reports and Tags, and the publication of them, shall:

	 	(a)	 	comply with the BSA and the CRA Codes;
	 
	 	(b)	 	not be in breach of the Trade Practices Act or any fair trading legislation or
regulation;
	 
	 	(c)	 	not be in breach of any privacy regulation or code;
	 
	 	(d)	 	not be in breach of any other law or regulation;

B-1

 

	 	(e)	 	not be in breach of any advertising or broadcasting industry code or industry
agreement;
	 
	 	(f)	 	to the best of ATN’s knowledge and belief (applying best industry practice due
diligence) not breach the Intellectual Property Rights of any person;
	 
	 	(h)	 	not contain anything that may reasonably be considered likely to cause offence;
	 
	 	(i)	 	not be reasonably likely to diminish the reputation or goodwill of Austereo by virtue
of (i) the reputation or character of any persons or products associated with them;
(ii)any controversial information contained within them; or (iii) any other reason
whatsoever;
	 
	 	(j)	 	not contain anything that might promote a radio competitor of Austereo; and
	 
	 	(k)	 	be of a quality reasonably expected of a person holding himself out as being capable
of producing Traffic Reports and the Tags,

except to the extent that the failure of the Traffic Reports or Tags to comply with this clause is
caused by changes to them by Austereo.

B-2

 

SCHEDULE C

FEE ADJUSTMENTS

Item 1: Definitions

	 	 	In this Schedule C:

	 	A.	 	“Non-Broadcasting Station” means a Station that has failed to broadcast Tags as
required under this Agreement;
	 
	 	B.	 	“Reduction” means the reduction of the Fee to which ATN is entitled by virtue of this
schedule;
	 
	 	C.	 	“Station Fee Percentage” means the percentage of the Fee attributable to a
Non-Broadcasting Station, as set out in Item 4 of this Schedule C;
	 
	 	D.	 	“TR” means the total number of Tags required under this Agreement to be broadcast on
a Non-Broadcasting Station during a specified time period; and
	 
	 	E.	 	“UR” means the number of or Tags required under this Agreement to be broadcast on a
Non-Broadcasting Station during a specified time period that have not been broadcast
during such time period by such Non-Broadcasting Station.

Item 2: Fee

	 	 	The Fee shall be an amount of cash compensation payable by ATN to Austereo in accordance with
the following schedule, and subject to adjustment pursuant to this Schedule C:

	 	 	1 July 2008 through 30 June 2012:	$[***] per annum exclusive of GST, in monthly

instalments of $[***], plus GST.

Item 2A: Adjustment of Fee

	 	 	If Austereo does not broadcast any Tag in accordance with the Broadcasting Schedule (except a
Tag that Austereo is not obliged to broadcast under this Agreement), and Austereo does not
broadcast, and notify ATN of, a replacement broadcast of the Tag within five days, ATN shall be
entitled to a reduction of the Fee, calculated as follows:
	 
	 	 	             Reduction = (UR/TR) x Fee x Station Fee Percentage

Item 3: Application of Adjustments

	 	 	Should ATN be entitled to more than one Reduction in any period by virtue of this Schedule,
then ATN shall be entitled to the sum of all such Reductions.

	 	 	Any Reduction to the Fee in accordance with this Schedule shall be accounted for, as far as is
possible, by reducing the monthly payment of the Fee payable in respect of the month in which
the events leading to the Reduction occurred.

C-1

 

Item 4: Station Tag Broadcast Fee Percentages:

	 	 	 	 	 	 	 
	Station	 	Market	 	Tag Fee Percentage
	B105

	 	Brisbane
	 	 	8.4	 
	Triple M

	 	Brisbane
	 	 	10.3	 
	92.9

	 	Perth
	 	 	4.1	 
	Mix 94.5

	 	Perth
	 	 	8.7	 
	Triple M

	 	Sydney
	 	 	14.1	 
	2Day FM

	 	Sydney
	 	 	17.5	 
	SA FM

	 	Adelaide
	 	 	7.3	 
	Triple M

	 	Adelaide
	 	 	4.0	 
	Triple M

	 	Melbourne
	 	 	11.7	 
	Fox FM

	 	Melbourne
	 	 	13.9	 

C-2

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