Document:

Exhibit 10.2

THE SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES
LAWS.  THE SECURITIES REPRESENTED BY THIS
INSTRUMENT HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE,
SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL, IN A FORM
REASONABLY ACCEPTABLE TO THE ISSUER OF SUCH SECURITIES (THE “COMPANY”), THAT
REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR APPLICABLE STATE SECURITIES LAWS
OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT.

THE TRANSFER OF THE SECURITIES REPRESENTED BY THIS INSTRUMENT IS
SUBJECT TO THE CONDITIONS SPECIFIED IN THE NOTE PURCHASE AGREEMENT, DATED AS OF
NOVEMBER 22, 2005, AMONG THE COMPANY AND THE OTHER PARTIES REFERRED TO
THEREIN, AS AMENDED AND MODIFIED FROM TIME TO TIME, AND THE COMPANY RESERVES
THE RIGHT TO REFUSE THE TRANSFER OF SUCH SECURITIES UNTIL SUCH CONDITIONS HAVE
BEEN FULFILLED WITH RESPECT TO SUCH TRANSFER. 
A COPY OF SUCH CONDITIONS SHALL BE FURNISHED WITHOUT CHARGE BY THE
COMPANY TO THE HOLDER HEREOF UPON WRITTEN REQUEST.

SENIOR SUBORDINATED NOTE
DUE 2011

(Tranche B)

$2,100,000

	
  

  	
  Original Issue Date:

  	
   

  	
  August 28, 2007

  
	
   

  	
  Maturity Date:

  	
   

  	
  November 22, 2011

  

 

FOR VALUE RECEIVED, NAVTECH SYSTEMS SUPPORT INC., an
Ontario corporation (the “Company”), hereby promises, upon the terms and
subject to the provisions hereof, to pay to ABRY MEZZANINE PARTNERS, L.P., a
Delaware limited partnership (the “Investor”), or its registered
assigns, the principal amount of TWO MILLION ONE HUNDRED THOUSAND AND 00/100
DOLLARS ($2,100,000) together with interest thereon calculated from the date
hereof in accordance with the provisions of this Senior Subordinated Note (this
“Note”).  The Company will
maintain a register in which it will record the initial ownership of this Note
and any changes in ownership of this Note which occur as permitted by and in
compliance with Section 3(d) 
hereof.  The holder of this Note
as indicated at any time in such register shall be referred to herein as the “Noteholder”
of this Note.

   
 

This Note was issued
pursuant to a Note Purchase Agreement, dated as of November 22, 2005 (as
amended, restated or modified from time to time, the “Purchase Agreement”),
among the Investor, the Company and the other Purchasers.  Capitalized terms used in this Note but not
otherwise defined herein have the meaning set forth in the Purchase
Agreement.  This Note is one of the “Notes”
referred to in the Purchase Agreement. 
The Noteholder is entitled to the benefits of the provisions contained
in the Purchase Agreement and may enforce the agreements of the Company and the
Subsidiaries contained therein and exercise the remedies provided for thereby
or otherwise available in respect thereof, subject to Section 4 of this Note.

Section 1.               Interest.  This Note will bear interest on the unpaid
principal amount thereof, from the date hereof and through and including the
date upon which such principal amount is fully paid at a rate equal to 13% per annum accrued daily, and in each case not less than 625
basis points of which (i.e., 6.25% per annum) (the
“Required Cash Interest”) will be due and payable in cash in arrears on
each May 1 and November 1,  commencing
with November 1, 2007.  The Company shall
have the option to pay in cash on any May 1, August 1, November 1 or
February 1 any or all of the interest accrued on this Note since the preceding
May 1, August 1, November 1 or February 1, as the case may be (or the Closing
Date in the case of the first such date after the Closing Date) that is not
Required Cash Interest (i.e., interest accruing at the rate of 675 basis
points, or 6.75% , per annum), and any such accrued interest that is not
Required Cash Interest and that the Company does not elect to pay in cash on
any May 1, August 1, November 1 or February 1 will be added to the unpaid
principal amount of this Note on such date, commencing with the next such date
to occur immediately following the date of this Note, and will be payable at
maturity.  As of any date, this Note will
have an accreted value (the “Accreted Value”) equal to the amount of
outstanding principal of, plus the accrued and unpaid interest on, this
Note as of such date.  The interest rates
set forth above are subject to increase from time to time in accordance with
the conditions set forth in Section 9B of the Purchase Agreement.  Cash Interest that is not paid when due will
bear interest at the rate then applicable to the unpaid principal amount of
this Note from time to time, and such interest will be payable in cash, on
demand.

Section 2.               Payment of
Principal.

(a)           Scheduled Repayment.  The Company shall be required to pay on the
Maturity Date the Accreted Value of this Note. 
In addition, this Note shall become due and payable in accordance with
Section 4 hereof and the terms of the Purchase Agreement.

(b)           Optional Prepayments.  The Company may not prepay any amount owed
under this Note except pursuant to Section 7 of the Purchase Agreement.

Section 3.               Method of
Payment.

(a)           Manner; Time of Payments.  All payments by the Company of principal,
interest, or any other amount in respect of this Note will be made in same day
funds in United States dollars delivered to the Noteholder at such place within
the United States of America as is indicated in Section 7 below (or as the
Noteholder may notify the Company from time to time) not later than 12:00 noon (New
York time) on the date due; funds received by the Noteholder after that time
will be deemed to have been paid by the Company on the next succeeding 

 2
 

business day.  All references in this Agreement to “dollars”
or “$” shall be to United States dollars.

(b)           Payments on Non-Business Days.  If any payment to be made in respect of any
Note is stated to be due on a day which is a Saturday, Sunday or legal holiday
in the Province of Ontario, Canada or the Commonwealth of Massachusetts (any
other day being a “business day”), then such payment will be due on the next
succeeding business day and such extension of time will be included in the
computation of any amount of interest payable as part of such payment.

(c)           Pro Rata Payment.  If more than one Note is outstanding, then
all payments and prepayments in respect of the Notes, whether of principal,
interest, or otherwise, will be made to the Noteholders, to the extent
practicable, on a pro rata basis, with (i) interest
payments prorated on the basis of the amount of accrued unpaid interest on each
Note, and (ii) principal and other payments prorated on the basis of the unpaid
principal amount of each Note prior to giving effect to such payments.  If any Noteholder obtains any payment
(whether voluntary, involuntary, by application of offset or otherwise) in
respect of any Note in excess of such Noteholder’s pro rata
share of payments obtained by all Noteholders, then such Noteholder will
purchase from the other Noteholders a participation in the Notes held by such
other Noteholders as is necessary to cause such other Noteholders to share the
excess payment ratably among each of them as provided in this Section 3(c).

(d)           Transfer and Exchange.  Upon surrender of this Note for registration
of transfer or for exchange to the Company at its principal office, the
Company, at its expense, will execute and deliver in exchange therefor a new
Note or Notes, as the case may be, as requested by the Noteholder, with an
Accreted Value equal to the Accreted Value of the surrendered Note, registered
as the Noteholder may request, dated so that there will be no loss of interest
on such surrendered Note and otherwise of like tenor.  The Noteholder may transfer or assign all or
any part of this Note in accordance with the terms of the Purchase Agreement
and by completing and surrendering to the Company the assignment form attached
hereto as Exhibit A.  The
issuance of new Notes shall be made without charge to the holder of the
surrendered Note for any issuance tax in respect thereof or other cost incurred
by the Company in connection with such issuance.

(e)           Replacement.  Upon receipt of evidence reasonably
satisfactory to the Company of the loss, theft, destruction or mutilation of
any Note and, in the case of any such loss, theft or destruction of any Note,
upon delivery of an indemnity agreement (which shall be unsecured for the
Noteholder and its Affiliates and all institutional Noteholders) in such
reasonable amount and in form and substance as the Company may reasonably
determine or, in the case of any such mutilation, upon the surrender of such
Note for cancellation to the Company at its principal office, the Company, at
its expense, will execute and deliver, in lieu thereof, a new Note of the same
class and of like tenor, dated so that there will be no loss of interest on
such lost, stolen, destroyed or mutilated Note. 
Any Note in lieu of which any such new Note has been so executed and
delivered by the Company shall not be deemed to be an outstanding Note for any
purpose of the Purchase Agreement.

Section 4.               Defaults/Remedies.  In the event that an Event of Default shall
occur, the unpaid balance of the principal and interest accrued on this Note
may become, or be

 3
 

declared and become, due
and payable in the manner and with the effect provided in the Purchase
Agreement.  Except to the extent
expressly required under the Purchase Agreement or this Note, the Company
hereby waives diligence, presentment, demand, protest and notice of any kind whatsoever.  The nonexercise by the Noteholder of any of its rights hereunder in any
particular instance shall not constitute a waiver thereof in that or any
subsequent instance.

Section 5.               Amendment and
Waiver.  The provisions of this Note
may be modified, amended or waived, and the Company may take any action herein
prohibited, or omit to perform any act herein required to be performed by it,
only in the manner set forth in the Purchase Agreement.

Section 6.               Cancellation.  After all principal, premiums (if any), and
accrued interest at any time owed on this Note have been paid in full, this
Note will be surrendered to the Company for cancellation and will not be
reissued.

Section 7.               Place of Payment
and Notices.  Payments of principal
and interest, and notices relating thereto are to be delivered to the
Noteholder at the following address:

c/o ABRY Partners, LLC

111 Huntington Avenue

30th Floor

Boston, MA 02199

Telecopy No.: (617) 859-8797

Attention:  John Hunt

with a copy of any such notice to (which
shall not constitute notice to the Noteholder):

Kirkland & Ellis LLP

Citigroup Center

153 East 53rd Street

New York, NY 10022-4675

Telecopy No.: (212) 446-6460

Attention:  John
L. Kuehn, Esq.

or at such other address as such Noteholder has
specified by prior written notice to the Company.  A copy of all notices relating to payments of
principal and interest hereunder and all other notices are to be delivered as
provided in Section 10H of the Purchase Agreement.

Section 8.               Governing Law.  This Note shall be governed by and construed
in accordance with the domestic laws of the Commonwealth of Massachusetts,
without giving effect to any choice of law or conflict of law provision or rule
(whether of the Commonwealth of Massachusetts or any other jurisdiction) that
would cause the application of the laws of any jurisdiction other than the
Commonwealth of Massachusetts.

 4
 

Section 9.               Judgment
Currency.  The obligation of the
Company to make payment of the Accreted Value of this Note and any other
amounts payable hereunder in the currency specified for such payment hereunder
shall not be discharged or satisfied by any tender, or any recovery pursuant to
any judgment, which is expressed in or converted into any other currency,
except to the extent that such tender or recovery shall result in the actual
receipt by the Noteholder of the full amount of the particular currency
expressed to be payable herein.  The
Noteholder shall, using all amounts obtained or received from the Company
pursuant to any such tender or recovery in payment of principal of and interest
hereunder, promptly purchase the applicable currency at the most favorable spot
exchange rate determined by the Noteholder to be available to it at such
time.  The obligation of the Company to
make payments in a particular currency shall be enforceable as an alternative
or additional cause of action solely for the purpose of recovering in the
applicable currency the amount, if any, by which such actual receipt shall fall
short of the full amount of the currency.

Section 10.             Interest Act
(Canada).  For the purposes of
disclosure pursuant to the Interest Act (Canada), the annual rates of interest
or fees to which the rates of interest or fees provided in this Note (and
stated herein to be computed on the basis of a 365 day year or any other period
of time less than a calendar year) are equivalent, are the rates so determined
multiplied by the actual number of days in the applicable calendar year and
divided by 365 or 366, as applicable. The rates of interest under this Note are
nominal rates, and not effective rates or yields.  The principle of deemed reinvestment of
interest does not apply to any interest calculation under this Note.

Section 11.             Criminal Code
(Canada).  If any provision of this
Note would obligate the Company to make any payment of interest or other amount
payable to the Noteholder in an amount or calculated at a rate which would be
prohibited by law or would result in a receipt by the Noteholder of interest at
a criminal rate (as construed under the Criminal Code (Canada)), then
notwithstanding that provision, that amount or rate shall be deemed to have
been adjusted with retroactive effect to the maximum amount or rate of
interest, as the case may be, as would not be so prohibited by law or result in
a receipt by the Noteholder of interest at a criminal rate, the adjustment to
be effected, to the extent necessary, as follows: (i) firstly, by reducing the
amount or rate of interest required to be paid to the Noteholder under this
Note; and (ii) thereafter, by reducing any fees, commissions, premiums and
other amounts required to be paid to the Noteholder which would constitute
interest for purposes of Section 347 of the Criminal Code (Canada).

*              *              *              *              *

 5

IN WITNESS WHEREOF, the Company executed
and delivered this Note on the date first written above.

NAVTECH SYSTEMS SUPPORT INC.

	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

EXHIBIT A

ASSIGNMENT FORM

To assign this Note, fill in the form
below:

(I) or (we) assign and transfer this Note
to

(Insert assignee’s soc. sec. or tax I.D.
no.)

(Print or type assignee’s name, address
and zip code)

and irrevocably appoint                                                                                                                                                                  

                                                                                                                                                                      
agent to transfer this

Note on the books of Navtech Systems
Support, Inc.  The agent may substitute
another to act for such agent.

	
  Date:

  	
   

  	
   

  
	
   

  
	
  Your Signature:

  	
   

  	
   

  
					

(Sign exactly as your name appears on the
front of this Note)

Signature Guarantee:Exhibit
10.3

THE SECURITIES
REPRESENTED BY THIS INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS.  THE SECURITIES REPRESENTED BY THIS INSTRUMENT
HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE, SOLD,
TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE
STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL, IN A FORM REASONABLY ACCEPTABLE
TO THE ISSUER OF SUCH SECURITIES (THE “COMPANY”), THAT REGISTRATION IS NOT
REQUIRED UNDER SAID ACT OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD
PURSUANT TO RULE 144 UNDER SAID ACT.

THE TRANSFER OF THE
SECURITIES REPRESENTED BY THIS INSTRUMENT IS SUBJECT TO THE CONDITIONS
SPECIFIED IN THE WARRANT AGREEMENT, DATED AS OF NOVEMBER 22, 2005, AMONG
THE COMPANY AND THE OTHER PARTIES REFERRED TO THEREIN, AS AMENDED AND MODIFIED
FROM TIME TO TIME, AND THE COMPANY RESERVES THE RIGHT TO REFUSE THE TRANSFER OF
SUCH SECURITIES UNTIL SUCH CONDITIONS HAVE BEEN FULFILLED WITH RESPECT TO SUCH
TRANSFER.  A COPY OF SUCH CONDITIONS
SHALL BE FURNISHED WITHOUT CHARGE BY THE COMPANY TO THE HOLDER HEREOF UPON
WRITTEN REQUEST.

NAVTECH,
INC.

STOCK
PURCHASE WARRANT

	
  Date
  of Issuance: August 28, 2007

  	
  Certificate No. W-     

  

 

FOR VALUE
RECEIVED, Navtech, Inc., a Delaware corporation (the “Company”), hereby
grants to ABRY MEZZANINE PARTNERS, L.P. or its registered assigns (the “Registered
Holder”) the right to purchase from the Company 42,958 shares of Warrant
Stock (as defined herein) at a price per share of $0.01 (as adjusted from time
to time hereunder, the “Exercise Price”).  This Warrant is one of several warrants
(collectively, and including any warrant issued pursuant to the terms hereof or
of any other warrant, and all warrants that may be issued, directly or
indirectly, as a replacement for any such warrant, in whole or in part, the “Warrants”)
issued pursuant to the terms of the Warrant Agreement, dated as of November 22,
2005 (as in effect from time to time, the “Purchase Agreement”), by and
among the Company and 

the
Purchasers.  Certain capitalized terms
used herein are defined in Section 4. 
The amount and kind of securities obtainable pursuant to the rights
granted hereunder and the purchase price for such securities are subject to
adjustment pursuant to the provisions contained in this Warrant.

This Warrant is subject
to the following provisions:

Section
1.               Exercise of Warrant.

1A.          Exercise Period.

The Registered Holder may exercise, in whole or in
part (but not as to a fractional share of Warrant Stock, unless such exercise
is in full), the purchase rights represented by this Warrant at any time and
from time to time after the Date of Issuance to and including the tenth
anniversary of the Date of Issuance (the “Exercise Period”).  The Company shall give the Registered Holder
written notice of the expiration of the Exercise Period at least 10 days but
not more than 60 days prior to the end of the Exercise Period.

1B.          Exercise Procedure.

(i)            This Warrant shall
be deemed to have been exercised when the Company has received all of the
following items (the “Exercise Time”):

(a)           a
completed Exercise Agreement, as described in Section 1C below, executed
by the Person exercising all or part of the purchase rights represented by this
Warrant (the “Purchaser”);

(b)           this
Warrant;

(c)           if
this Warrant is not registered in the name of the Purchaser, an Assignment or
Assignments in the form set forth in Exhibit II hereto evidencing the
assignment of this Warrant to the Purchaser, in which case the Registered
Holder shall have complied with the provisions set forth in Section 6
hereof; and

(d)           either
(1) a check payable to the Company in an amount equal to the product of the
Exercise Price multiplied by the number of shares of Warrant Stock being
purchased upon such exercise (the “Aggregate Exercise Price”), or (2) a
written notice to the Company that the Purchaser is exercising the Warrant (or
a portion thereof) by authorizing the Company to withhold from issuance a
number of shares of Warrant Stock issuable upon such exercise of the Warrant
which, when multiplied by the Market Price of the Warrant Stock, is equal to
the Aggregate Exercise Price (and such withheld shares shall no longer be
issuable under this Warrant).

(ii)           Certificates for
shares of Warrant Stock purchased upon exercise of this Warrant shall be
delivered by the Company to the Purchaser within five Business Days after the
date of the Exercise Time.  Unless this
Warrant has expired or all of the purchase rights represented hereby have been
exercised, the Company shall prepare a new Warrant, substantially identical
hereto, representing the rights formerly represented by this Warrant which have
not 

 2
 

expired or
been exercised and shall, within such five-day period, deliver such new Warrant
to the Person designated for delivery in the Exercise Agreement.

(iii)          The Warrant Stock
issuable upon the exercise of this Warrant shall be deemed to have been issued
to the Purchaser at the Exercise Time, and the Purchaser shall be deemed for
all purposes to have become the record holder of such Warrant Stock at the
Exercise Time.

(iv)          The issuance of
certificates for shares of Warrant Stock upon exercise of this Warrant shall be
made without charge to the Registered Holder or the Purchaser for any issuance
tax in respect thereof or other cost incurred by the Company in connection with
such exercise and the related issuance of shares of Warrant Stock.  Each share of Warrant Stock issuable upon
exercise of this Warrant shall, upon payment of the Exercise Price therefor, be
fully paid and nonassessable and free from all liens, taxes and charges with
respect to the issuance thereof.

(v)           The Company shall
not close its books against the transfer of this Warrant or of any share of
Warrant Stock issued or issuable upon the exercise of this Warrant in any
manner which interferes with the timely exercise of this Warrant.  The Company shall from time to time take all
such action as may be necessary to assure that the par value per share of the
unissued Warrant Stock acquirable upon exercise of this Warrant is at all times
equal to or less than the Exercise Price then in effect.

(vi)          The Company shall
assist and cooperate with any Registered Holder or Purchaser required to make
any governmental filings or obtain any governmental approvals prior to or in
connection with any exercise of this Warrant (including making any filings
required to be made by the Company).

(vii)         Notwithstanding any
other provision hereof, if an exercise of this Warrant is to be made in
connection with a registered public offering, the sale of the Company or any
other transaction, such exercise may, at the election of the holder hereof, be
conditioned upon the consummation of the public offering, the sale of the
Company or other transaction, in which case such exercise shall not be deemed
to be effective until the consummation of such transaction.

(viii)        The Company shall at
all times reserve and keep available out of its authorized but unissued shares
of Warrant Stock solely for the purpose of issuance upon the exercise of the
Warrants, such number of shares of Warrant Stock issuable upon the exercise of
all outstanding Warrants.  The Company
shall take all such actions as may be necessary to assure that all such shares
of Warrant Stock may be so issued without violation of any applicable law or
governmental regulation or any requirements of any domestic securities exchange
upon which shares of Warrant Stock may be listed (except for official notice of
issuance which shall be immediately delivered by the Company upon each such
issuance).  The Company shall not take
any action which would cause the number of authorized but unissued shares of
Warrant Stock to be less than the number of such shares required to be reserved
hereunder for issuance upon exercise of the Warrants.

 3
 

1C.          Exercise Agreement.  Upon any exercise of this Warrant, the
Exercise Agreement shall be substantially in the form set forth in Exhibit I
hereto, except that if the shares of Warrant Stock are not to be issued in the
name of the Person in whose name this Warrant is registered, the Exercise
Agreement shall also state the name of the Person to whom the certificates for
the shares of Warrant Stock are to be issued, and if the number of shares of
Warrant Stock to be issued does not include all the shares of Warrant Stock
purchasable hereunder, it shall also state the name of the Person to whom a new
Warrant for the unexercised portion of the rights hereunder is to be
delivered.  Such Exercise Agreement shall
be dated the actual date of execution thereof.

1D.          Fractional Shares.  If a fractional share of Warrant Stock would,
but for the provisions of Section 1A, be issuable upon exercise of the
rights represented by this Warrant, the Company shall, within five Business
Days after the date of the Exercise Time, deliver to the Purchaser a check
payable to the Purchaser (or, at the Purchaser’s option, cash, by wire transfer
of immediately available funds to the account specified by the Purchaser) in
lieu of such fractional share in an amount equal to the difference between the
Market Price of such fractional share as of the date of the Exercise Time and
the Exercise Price of such fractional share.

Section
2.               Adjustment of Exercise
Price and Number of Shares.  In order
to prevent dilution of the rights granted under this Warrant, the Exercise
Price and the number of shares of Warrant Stock obtainable upon exercise of
this Warrant shall be subject to adjustment from time to time as provided in
this Section 2.

2A.          Adjustment of Exercise Price and
Number of Shares upon Issuance of Common Stock.

(i)            Except for (a) any
shares of Common Stock issued as a dividend or distribution on the Common Stock
to which Section 2C applies, (b) any securities issued by the Company
upon the exercise, conversion or exchange in accordance with their respective
terms of Options or Common Stock Equivalents outstanding on the date hereof,
including, without limitation, the Cambridge Information Group Preferred Stock
(as defined in the Purchase Agreement) issued on or before the Closing Date or
(c) Common Stock and Options to acquire Common Stock pursuant to options,
incentive or compensation plans approved by the Board of Directors of the
Company to employees, directors and independent contractors in an aggregate
amount after the date hereof that does not exceed (i) including all such
issuances, since the Closing Date, 1,050,000 shares of Common Stock, whether
issued as shares of Common Stock or as Options to acquire Common Stock, and
(ii) 431,000 shares of Common Stock issuable upon exercise of Options
outstanding on the Closing Date (in each case, as adjusted to reflect any stock
split, reverse stock split, stock dividend or similar event consummated after
the date hereof), if and whenever after the Date of Issuance the Company issues
or sells, or in accordance with Section 2B is deemed to have issued
or sold, any shares of its Common Stock for a consideration per share less than
the Market Price of the Common Stock determined as of the date of such issue or
sale, then immediately upon such issue or sale the Exercise Price shall be
reduced to the Exercise Price determined by multiplying the Exercise Price in
effect immediately prior to such issue or sale by a fraction, the numerator of
which shall be the sum of (1) the number of shares of Common Stock Deemed
Outstanding immediately prior to such issue or sale 

 4
 

multiplied by
the Market Price of the Common Stock determined as of the date of such issuance
or sale, plus (2) the consideration, if any, received by the Company upon such
issue or sale, and the denominator of which shall be the product derived by
multiplying such Market Price of the Common Stock by the number of shares
of Common Stock Deemed Outstanding immediately after such issue or sale.

(ii)           Upon each such
adjustment of the Exercise Price hereunder, the number of shares of Warrant
Stock acquirable upon exercise of this Warrant shall be adjusted to the number
of shares determined by multiplying the Exercise Price in effect immediately
prior to such adjustment by the number of shares of Warrant Stock acquirable
upon exercise of this Warrant immediately prior to such adjustment and dividing
the product thereof by the Exercise Price resulting from such adjustment.

2B.          Effect on Exercise Price of Certain
Events.  For purposes of determining
the adjusted Exercise Price under Section 2A, the following shall
be applicable:

(i)            Issuance of
Rights or Options.  If the Company in
any manner grants or sells any Options and the price per share for which Common
Stock is issuable upon the exercise of such Options, or upon conversion or
exchange of any Common Stock Equivalents issuable upon exercise of such
Options, is less than the Market Price of the Common Stock determined as of
such time, then the total maximum number of shares of Common Stock issuable
upon the exercise of such Options or upon conversion or exchange of the total
maximum amount of such Common Stock Equivalents issuable upon the exercise of
such Options shall be deemed to be outstanding and to have been issued and sold
by the Company at the time of the granting or sale of such Options for such
price per share.  For purposes of this
paragraph, the “price per share for which Common Stock is issuable” shall be
determined by dividing (A) the total amount, if any, received or receivable by
the Company as consideration for the granting or sale of such Options, plus the
minimum aggregate amount of additional consideration payable to the Company
upon exercise of all such Options, plus in the case of such Options which
relate to Common Stock Equivalents, the minimum aggregate amount of additional
consideration, if any, payable to the Company upon the issuance or sale of such
Common Stock Equivalents and the conversion or exchange thereof, by (B) the
total maximum number of shares of Common Stock issuable upon the exercise of
such Options or upon the conversion or exchange of all such Common Stock
Equivalents issuable upon the exercise of such Options.  No further adjustment of the Exercise Price
shall be made when Common Stock Equivalents are actually issued upon the
exercise of such Options or when shares of Common Stock are actually issued
upon the exercise of such Options or the conversion or exchange of such Common
Stock Equivalents.

(ii)           Issuance of
Common Stock Equivalents.  If the
Company in any manner issues or sells any Common Stock Equivalents and the
price per share for which Common Stock is issuable upon conversion or exchange
thereof is less than the Market Price of the Common Stock determined as of such
time, then the maximum number of shares of Common Stock issuable upon
conversion or exchange of such Common Stock Equivalents shall be deemed to be
outstanding and to have been issued and sold by the Company at the time of the
issuance or sale of such Common Stock Equivalents for such price per
share.  For the purposes of this
paragraph, the “price per share for which Common Stock is issuable” shall be
determined by dividing (A)

 5
 

the total
amount received or receivable by the Company as consideration for the issue or
sale of such Common Stock Equivalents, plus the minimum aggregate amount of
additional consideration, if any, payable to the Company upon the conversion or
exchange thereof, by (B) the total maximum number of shares of Common Stock as
applicable, issuable upon the conversion or exchange of all such Common Stock
Equivalents.  No further adjustment of
the Exercise Price shall be made when shares of Common Stock are actually
issued upon the conversion or exchange of such Common Stock Equivalents, and if
any such issue or sale of such Common Stock Equivalents is made upon exercise
of any Options for which adjustments of the Exercise Price had been or are to
be made pursuant to other provisions of this Section 2B, no further
adjustment of the Exercise Price shall be made by reason of such issue or sale.

(iii)          Change in Option
Price or Conversion Rate.  If the
purchase price provided for in any Options, the additional consideration, if
any, payable upon the conversion or exchange of any Common Stock Equivalents or
the rate at which any Common Stock Equivalents are convertible into or
exchangeable for Common
Stock changes at any time (in each case, other than as a result of antidilution
provisions applicable to such Options or such Common Stock Equivalents), the
applicable Exercise Price in effect at the time of such change shall be
immediately adjusted to such Exercise Price which would have been in effect at
such time had such Options or Common Stock Equivalents still outstanding
provided for such changed purchase price, additional consideration or
conversion rate, as the case may be, at the time initially granted, issued or
sold and the number of shares of Warrant Stock shall be correspondingly
adjusted.  For purposes of this Section 2B,
if the terms of any Option or Convertible Security which was outstanding as of
the Date of Issuance of this Warrant are changed in the manner described in the
immediately preceding sentence, then such Option or Convertible Security and
the Common Stock deemed issuable upon exercise, conversion or exchange thereof
shall be deemed to have been issued as of the date of such change.

(iv)          Calculation of
Consideration Received.  If any Common Stock, Option or Convertible
Security is issued or sold or deemed to have been issued or sold for cash, the
consideration received therefor shall be deemed to be the amount received by
the Company therefor.  If any Common Stock, Option or Convertible
Security is issued or sold for a consideration other than cash, the amount of
the consideration other than cash received by the Company shall be the fair
value of such consideration, except where such consideration consists of
securities, in which case the amount of consideration received by the Company
shall be the Market Price thereof as of the date of receipt.  If any Common Stock, Option or Convertible Security is issued to the
owners of the non-surviving entity in connection with any merger in which the
Company is the surviving corporation, the amount of consideration therefor
shall be deemed to be the fair value of the portion of the net assets of the
non-surviving entity that is attributable to such Common Stock, Option or Convertible Security, as the case may
be.  The fair value of any consideration
or net assets other than cash and securities (and, if applicable, the portions
thereof attributable to any such stock or securities) shall be determined
jointly by the Company and the Majority Holders.  If such parties are unable to reach agreement
within a reasonable period of time, the fair value of such consideration shall
be determined by an independent appraiser experienced in valuing such type of
consideration jointly selected by the Company and the Majority Holders.  The determination of such appraiser shall be
final and binding upon the parties, and the fees and expenses of such appraiser
shall be borne by the 

 6
 

Company.  If any Option is issued in connection with
the issue or sale of other securities of the Company, together comprising one
integrated transaction, the Option shall be deemed to have been issued for no
consideration, unless otherwise specified in the documentation for such
transaction.

(v)           Treasury Shares.  The number of shares of Common Stock outstanding at any
given time shall not include shares owned or held by or for the account of the
Company or any Subsidiary, and the disposition of any shares or other Equity
Security of the Company so owned or held shall be considered an issue or sale
of such shares or Equity Security.

(vi)          Record Date.  If the Company takes a record of the holders
of Common Stock
for the purpose of entitling them (a) to receive a dividend or other
distribution payable in Common Stock,
Options or in Common Stock Equivalents or (b) to subscribe for or purchase Common Stock, Options or Common
Stock Equivalents, then such record date shall be deemed to be the date of the
issue or sale of the shares of Common
Stock deemed to have been issued or sold upon the declaration of such
dividend or upon the making of such other distribution or the date of the
granting of such right of subscription or purchase, as the case may be.  If after taking such record the Company shall
have legally abandoned its plan to make or do any of the foregoing (without
having made such issuance), then any adjustment made to any Exercise Price
hereunder as a result of securities having been deemed issued on the date of
such record, shall be recomputed as if such record had not been taken.

2C.          Subdivision or Combination of
Capital Stock.  If the Company, at
any time subdivides (by any stock split, stock dividend, recapitalization or
otherwise) its outstanding shares of Common Stock into a greater number of
shares, the applicable Exercise Price in effect immediately prior to such
subdivision shall be proportionately reduced (and any other appropriate actions
shall be taken by the Company) and the number of shares of Warrant Stock
obtainable upon exercise of this Warrant shall be proportionately increased.(1)  If the Company at any time combines (by
reverse stock split or otherwise) its outstanding shares of Common Stock into a
smaller number of shares, the applicable Exercise Price in effect immediately
prior to such combination shall be proportionately increased (and any other
appropriate actions shall be taken by the Company) and the number of shares of
Warrant Stock obtainable upon exercise of this Warrant shall be proportionately
decreased.

2D.          Reorganization, Reclassification,
Consolidation, Merger or Sale.  Any
recapitalization, reorganization, reclassification, consolidation, merger, sale
of all or substantially all of the Company’s assets or other transaction, in
each case which is effected in such a manner that the holders of Warrant Stock
are entitled to receive (either directly or upon subsequent liquidation) stock,
securities or assets with respect to or in exchange for Warrant Stock is
referred to herein as an “Organic Change”. 
Prior to the consummation of any Organic Change, the 

(1)          For
the avoidance of doubt, if the Company engages in a 2-for-1 stock split, the
Exercise Price for the Warrant Stock will be reduced to one-half of the
Exercise Price in effect immediately prior to such stock split, and the
aggregate number of shares of Warrant Stock issuable upon exercise of this
Warrant will be increased to two times the number of shares of Warrant Stock
issuable upon exercise of this Warrant immediately prior to such stock split.

 7
 

Company shall make appropriate provision (in
form and substance reasonably acceptable to the Majority Holders) to insure
that each of the Registered Holders of Warrants shall thereafter have the right
to acquire and receive, in lieu of or in addition to (as the case may be) the
shares of Warrant Stock immediately theretofore acquirable and receivable upon
the exercise of such holder’s Warrant, such shares of stock, securities or
assets as such holder would have been issued or payable in such Organic Change
(if such holder had exercised its Warrant immediately prior to such Organic Change)
with respect to or in exchange for the number of shares of Warrant Stock
immediately theretofore acquirable and receivable upon exercise of such holder’s
Warrant had such Organic Change not taken place.  In each such case, the Company shall also
make appropriate provisions (in form and substance reasonably acceptable to the
Majority Holders) to insure that the provisions of this Section 2 and Section
3 hereof shall thereafter be applicable to the Warrants.  The Company shall not effect any such consolidation,
merger or sale, unless prior to the consummation thereof, the successor entity
(if other than the Company) resulting from consolidation or merger or the
entity purchasing such assets assumes by written instrument (in form and
substance reasonably acceptable to the Majority Holders) the obligation to
deliver to each such holder such shares of stock, securities or assets as, in
accordance with the foregoing provisions, such holder may be entitled to
acquire.  

2E.           Notices.

(i)            Immediately upon
any adjustment of the Exercise Price, the Company shall give written notice
thereof to all Registered Holders of Warrants, setting forth in reasonable
detail and certifying the calculation of such adjustment.

(ii)           The Company shall
also give written notice to all Registered Holders of Warrants at least twenty
(20) days prior to the date on which any Organic Change or Change of Control
shall take place.

Section 3.               Dividends.  If the Company declares or pays a dividend or
other distribution upon any share of Common Stock, except for a stock dividend
payable in shares of Common Stock (a “Dividend”), then the amount of
such dividend or distribution for such share of Common Stock that would have
been payable on each Warrant Share issuable upon exercise of this Warrant had
such Warrant Share been outstanding at such time shall instead accrue (without
interest) and shall be paid by the Company to the Registered Holder only upon
exercise of this Warrant for such share of Common Stock.

Section
4.               Definitions.  The following terms have meanings set forth
below:

“Business
Day” means any day other than a Saturday, Sunday, or any day on which banks
in State of New York, the State of California or the Commonwealth of
Massachusetts are authorized or obligated by applicable law to close.

“Closing”
has the meaning set forth in the Purchase Agreement.

“Common
Stock Deemed Outstanding” means, at any given time, the
number of shares of Common Stock actually outstanding at such time, plus the
number of shares of 

 8
 

Common
Stock issuable upon the exercise, conversion or exchange of Options or Common
Stock Equivalents (excluding Options or Common Stock Equivalents that are not
then at or in the money).

“Common Stock
Equivalents” means any stock or securities (directly or indirectly)
convertible into or exchangeable for Common
Stock.

“Majority
Holders” means holders of Warrants representing a majority of the Warrant
Stock purchasable upon exercise of all Warrants then outstanding.

“Market Price”
means as to any security the average of the closing prices of such security’s
sales on all securities exchanges on which such security may at the time be
listed, or, if there have been no sales on any such exchange on any day, the
average of the highest bid and lowest asked prices on all such exchanges at the
end of such day, or, if on any day such security is not so listed, the average
of the representative bid and asked prices quoted in the NASDAQ System as of
4:00 P.M., New York time, on such day, or, if on any day such security is not
quoted in the NASDAQ System, the average of the highest bid and lowest asked
prices on such day in the domestic over-the-counter market as reported by the
National Quotation Bureau, Incorporated, or any similar successor organization,
in each such case (i) averaged over a period of 20 days consisting of the day
as of which “Market Price” is being determined and the 19 consecutive Business
Days prior to such day, and (ii) averaged on a volume-weighted basis based on
the trading volume for each such Business Day. 
If at any time such security is not listed on any securities exchange or
quoted in the NASDAQ System or the over-the-counter market, the “Market
Price” shall be the fair value thereof determined in good faith by the
Board of Directors.

“Options”
means any rights or options to subscribe for or purchase Common Stock or Common Stock
Equivalents.

“Warrant Stock”
means Common Stock; provided
that if there is a change such that the securities issuable upon exercise of
the Warrants are issued by an entity other than the Company or there is a
change in the type or class of securities so issuable, then the term “Warrant
Stock” shall mean one share of the security issuable upon exercise of the
Warrants if such security is issuable in shares, or shall mean the smallest
unit in which such security is issuable if such security is not issuable in
shares.

Other capitalized
terms used in this Warrant but not defined herein shall have the meanings set
forth in the Purchase Agreement.

Section 5.               No
Voting Rights; Limitations of Liability. 
This Warrant shall not entitle the holder hereof to any voting rights or
other rights as a stockholder of the Company. 
No provision hereof, in the absence of affirmative action by the
Registered Holder to purchase Warrant Stock, and no enumeration herein of the
rights or privileges of the Registered Holder shall give rise to any liability
of such holder for the Exercise Price of Warrant Stock acquirable by exercise
hereof or as a stockholder of the Company.

 9
 

Section
6.               Warrant Transferable.  Subject to the transfer conditions referred
to in the legend endorsed hereon, this Warrant and all rights hereunder are
transferable, in whole or in part, without charge to the Registered Holder,
upon surrender of this Warrant with a properly executed Assignment (in the form
of Exhibit II hereto) at the principal office of the Company.

Section
7.               Warrant Exchangeable
for Different Denominations.  This
Warrant is exchangeable, upon the surrender hereof by the Registered Holder at
the principal office of the Company, for new Warrants of like tenor
representing in the aggregate the purchase rights hereunder, and each of such
new Warrants shall represent such portion of such rights as is designated by
the Registered Holder at the time of such surrender.  The date the Company initially issues this
Warrant shall be deemed to be the “Date of Issuance” hereof regardless of the
number of times new certificates representing the unexpired and unexercised
rights formerly represented by this Warrant shall be issued.  All Warrants representing portions of the
rights hereunder are referred to herein as the “Warrants.”

Section
8.               Replacement.  Upon receipt of evidence reasonably
satisfactory to the Company (an affidavit of the Registered Holder shall be
satisfactory) of the ownership and the loss, theft, destruction or mutilation
of any certificate evidencing this Warrant, and in the case of any such loss,
theft or destruction, upon receipt of indemnity reasonably satisfactory to the
Company (which shall be unsecured for the Registered Holder and its Affiliates
and all institutional Purchasers), or, in the case of any such mutilation upon
surrender of such certificate, the Company shall (at its expense) execute and
deliver in lieu of such certificate a new certificate of like kind representing
the same rights represented by such lost, stolen, destroyed or mutilated
certificate and dated the date of such lost, stolen, destroyed or mutilated
certificate.

Section
9.               Notices.  Except as otherwise expressly provided
herein, all notices referred to in this Warrant shall be in writing and shall
be delivered personally, sent by reputable overnight courier service (charges
prepaid) or sent by registered or certified mail, return receipt requested,
postage prepaid and shall be deemed to have been given when so delivered, sent
or deposited in the United States Mail (i) to the Company, at its principal
executive offices and (ii) to the Registered Holder of this Warrant, at the
following address:

c/o ABRY Partners, LLC

111 Huntington Avenue

30th Floor

Boston, MA 02199

Telecopy No.: (617) 859-8797

Attention:  John Hunt

with a copy of any such notice to (which
shall not constitute notice to the Registered Holder):

 10
 

Kirkland & Ellis LLP

Citigroup Center

153 East 53rd Street

New York, NY 10022-4675

Telecopy No.: (212) 446-6460

Attention:  John
L. Kuehn, Esq.

or at such other address
as such Registered Holder has specified by prior written notice to the
Company.  A copy of all notices hereunder
are to be delivered as provided in Section 10H of the Purchase Agreement.

Section
10.             Amendment and Waiver.  Except as otherwise provided herein, the
provisions of the Warrants may be amended and the Company may take any action
herein prohibited, or omit to perform any act herein required to be performed
by it, only if the Company has obtained the written consent of the Majority
Holders.

Section
11.             Descriptive Headings;
Governing Law.  The descriptive
headings of the several Sections and paragraphs of this Warrant are inserted
for convenience only and do not constitute a part of this Warrant.  The corporation laws of the State of Delaware
shall govern all issues concerning the relative rights of the Company and its
stockholders.  All other questions
concerning the construction, validity, enforcement and interpretation of this
Warrant shall be governed by the internal law of the Commonwealth of
Massachusetts, without giving effect to any choice of law or conflict of law
provision or rule (whether of the Commonwealth of Massachusetts or any other
jurisdictions) that would cause the application of the laws of any
jurisdictions other than the Commonwealth of Massachusetts.

*    *    *    *

 11

IN WITNESS WHEREOF, the
Company has caused this Warrant to be signed and attested by its duly
authorized officers under its corporate seal and to be dated the Date of
Issuance hereof.

	
  

  	
  NAVTECH, INC.

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Its

  	
   

  	
   

  

 

EXHIBIT I

EXERCISE AGREEMENT

To:                                                                                                          Dated:

The undersigned,
pursuant to the provisions set forth in the attached Warrant (Certificate No.
W-       ), hereby agrees to subscribe for
the purchase of            
shares of the Warrant Stock covered by such Warrant and makes payment herewith
in full therefor at the price per share provided by such Warrant.

	
  

  	
  Signature

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Address

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

EXHIBIT II

ASSIGNMENT

FOR VALUE
RECEIVED,                                                            
hereby sells, assigns and transfers all of the rights of the undersigned under
the attached Warrant (Certificate No. W-         )
with respect to the number of shares of the Warrant Stock covered thereby set
forth below, unto:

	
  Names of Assignee

  	
   

  	
  Address

  	
   

  	
  No. of Shares

  
	
                        

  	
   

  	
                        

  	
   

  	
                        

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
                        

  	
   

  	
                        

  	
   

  	
                        

  

 

	
  

  	
   

  	
   

  
	
  Dated:

  	
   

  	
  Signature

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Witness

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