Document:

Chief Executive Officer Performance Rights Scheme 2007.

 “EXHIBIT 4.3” 
  
  
 PERFORMANCE RIGHTS SCHEME 
  
  

 PERFORMANCE RIGHTS SCHEME 
 TABLE OF CONTENTS 
  

					
		  	PART I - PRELIMINARY AND INTERPRETATION	  	1
			
	 1
	  	Preliminary	  	1
			
	 2
	  	Interpretation	  	1
			
		  	PART II - OPERATION OF THE SCHEME	  	3
			
	 3
	  	Grants	  	3
			
	 4
	  	Rejection Of Grant	  	3
			
	 5
	  	Exercise of Options	  	3
			
	 6
	  	Procedure for Exercise and Lapse	  	3
			
	 7
	  	Rights on Exercise	  	6
			
		  	PART III - TERMINATION OF EMPLOYMENT	  	7
			
	 8
	  	Termination of Employment	  	7
			
		  	PART IV - CORPORATE EVENTS	  	9
			
	 9
	  	Capital Changes	  	9
			
	 10
	  	Other Adjustment	  	9
			
		  	PART V - GENERAL	  	11
			
	 11
	  	No Divestment	  	11
			
	 12
	  	Administration of Scheme	  	11
			
	 13
	  	Amendment	  	11
			
	 14
	  	Miscellaneous	  	12

 PERFORMANCE RIGHTS SCHEME 
 Date:                      2007 
 PART
I - PRELIMINARY AND INTERPRETATION 
  

	1	Preliminary 

  

	1.1	This is the Chief Executive Officer’s Performance Rights Scheme 2007. 

  

	2	Interpretation 

  

	2.1	In this document unless the context otherwise requires: 

 Board means the board of directors of Telecom from time to time 
 Bonus Issue means any distribution or
allocation of securities or other benefits (other than cash) to Shareholders for which Shareholders are not to provide consideration 
 Breach means a breach of Telecom’s constitution, the listing and/or other rules governing the Exchange or any other stock exchange on which Shares are quoted, and/or any statute, regulation or Telecom’s internal
procedures for insiders 
 Business Day means a day on which the Exchange is open for trading 
 Capital Change means a Rights Offer, Bonus Issue, Capital Return, or any other reconstruction of, or adjustment to, the capital or capital
structure of Telecom of any nature 
 Capital Return means any payment of cash to Shareholders which is, or is to be,
accompanied by a reduction in the number of Shares, or the proportion of economic interest in Telecom, held by Shareholders to which the Capital Return applies 
 Cash Amount has the meaning given in clause 6.4(ii) 
 Chief Executive Officer
means Dr Paul Reynolds, the chief executive officer of Telecom 
 Employment means employment by Telecom and Employed
has a corresponding meaning 
 Event has the meaning in clause 10 
 Exchange means New Zealand Exchange Limited’s NZSX 
 Exercisable Option means an Option that the Board has determined may be exercised pursuant to clause 6.1 
 Exercise Date means the first Business Day after the expiration of the period, specified in a Grant, after which Options may be exercised 
 Exercise Notice means notice of the exercise of an Option 
 Exercise Price means nil 
 Fundamental Change has the meaning given to that term
in the Chief Executive Officer’s employment agreement 
 Grant means the grant of an Option 
 Group means Telecom and its subsidiaries 
 Initial Test Date means a date within 20 Business Days of the Exercise Date, determined by the Board 
 Notification Date means the date the Board delivers a notice pursuant to clause 6.1 or the date deemed pursuant to the Scheme 
 Option means an option to acquire a Share pursuant to the Scheme 
 Option Lapse Date means the first
Business Day after the expiration of the period, specified in a Grant, after which Options are to lapse 
 Performance Hurdle
means the performance hurdle (if any) specified in a Grant 
 Re-Test Date means a date within 20 Business Days of the
Specified Date, determined by the Board 
  

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 PERFORMANCE RIGHTS SCHEME 
  
 Rights Offer means any offer of securities or benefits to Shareholders for which Shareholders are to provide consideration 
 Scheme means this Performance Rights Scheme 
 Share means an ordinary share in Telecom 
 Shareholder means a holder of a Share

 Specified Date means the first Business Day after the expiration of the period, specified in a Grant, after which the Board
will re-test achievement of a Performance Hurdle 
 Telecom means Telecom Corporation of New Zealand Limited. 
  

	2.2	In this document: 

  

	 	(a)	the singular includes the plural and vice versa, and words importing any gender include the other genders; 

  

	 	(b)	a reference to a person includes any individual, partnership, committee and incorporated or unincorporated body (whether or not having a separate legal personality);

  

	 	(c)	a reference to amend includes modify, delete, add and vary; 

  

	 	(d)	a reference to apply includes apply under assignment or set off; 

  

	 	(e)	where a word or expression is defined, other parts of speech and grammatical forms of that word or expression have a corresponding meaning; 

  

	 	(f)	a reference to the Scheme means the Scheme as amended from time to time; 

  

	 	(g)	a reference to a person includes its successors and permitted assigns; and 

  

	 	(h)	headings are inserted for convenience only and shall be ignored in interpretation. 

  

 2 

 PERFORMANCE RIGHTS SCHEME 
  
 PART II - OPERATION OF THE SCHEME 
  

	3	Grants 

  

	3.1	The Board may make a Grant to the Chief Executive Officer. Each Grant will: 

  

	 	(a)	specify the number of Options granted to the Chief Executive Officer; 

  

	 	(b)	enclose a copy of the Scheme; 

  

	 	(c)	specify the Commencement Date, the Performance Hurdle (if any), the Exercise Price and the periods of years after which the Exercise Date, the Specified Date and the Option Lapse
Date fall; 

  

	 	(d)	enclose an Options certificate; and 

  

	 	(e)	specify the period during which the Chief Executive Officer may reject the Grant. 

  

	4	Rejection Of Grant 

  

	4.1	Opportunity 

 The Chief Executive Officer may reject
a Grant by giving the Board notice, and returning to the Board the Options certificate, within 40 Business Days after the Grant. If the Chief Executive Officer rejects a Grant, the Options the subject of that Grant will lapse immediately.

  

	4.2	Acknowledgement 

 In retaining a Grant (and electing
not to reject the Grant pursuant to clause 4.1), The Chief Executive Officer acknowledges that: 
  

	 	(a)	the terms of the Scheme are binding; and 

  

	 	(b)	participation in the Scheme does not affect the terms of his Employment. In no event will Telecom be deemed, by making a Grant or otherwise, to have represented that the Chief
Executive Officer’s Employment will continue until and/or beyond the Exercise Date. 

  

	5	Exercise of Options 

  

	5.1	Options may be exercised on the Notification Date or any Business Day after the Notification Date, unless: 

  

	 	(a)	the Board considers that the exercise would give rise to a Breach; or 

  

	 	(b)	the Option has lapsed. 

  

	6	Procedure for Exercise and Lapse 

  

	6.1	Board Determination 

 On the Initial Test Date and
again on the Re-Test Date, the Board will: 
  

	 	(a)	determine whether an Option may be exercised by measuring performance against the Performance Hurdle, provided that if no Options were determined to be exercisable on the Initial
Test Date, the maximum total number of Options the Board may determine to be exercisable on the Re-Test Date is equal to 50% of the Options in the relevant Grant; and 

  

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 PERFORMANCE RIGHTS SCHEME 
  

	 	(b)	within two Business Days, notify the Chief Executive Officer in writing of the determination. 

  

	6.2	Exercise 

 After each Notification Date, the Chief
Executive Officer may, as he sees fit from time to time (subject to clause 5), exercise part or all of his Exercisable Options (subject to any minimum number or multiple of a number of Options prescribed by the Board from time to time), by giving
the Board an Exercise Notice. 
  

	6.3	Exercise Notice  

 Any Exercise Notice must specify
the number of Options being exercised and be accompanied by: 
  

	 	(a)	the Options certificate; and 

  

	 	(b)	(if applicable) a form requesting consent to acquire Shares, in terms of Telecom’s internal procedures for insiders. 

  

	6.4	Issue or Payment 

 Within five Business Days after
the date on which the Board receives: 
  

	 	(a)	an Exercise Notice; 

  

	 	(b)	an Options certificate; and 

  

	 	(c)	(if applicable) a form requesting consent to acquire Shares, in terms of Telecom’s internal procedures for insiders, 

 in accordance with this clause 6, Telecom will, at the Board’s discretion: 
  

	 	(i)	issue to the Chief Executive Officer a Share for each Option being exercised, unless clause 5(a) or (b) precludes the exercise of Options (if so, the Board will give notice to
the Chief Executive Officer accordingly and return the Options certificate); or 

  

	 	(ii)	pay a gross cash amount equal to the closing price of Shares reported on the Exchange on the immediately preceding Business Day for each Option being exercised less the amount of
any contribution to Kiwisaver by Telecom (“Cash Amount”), unless clause 5(b) precludes the exercise of Options (if so, the Board will give notice to the Chief Executive Officer accordingly and return the Options certificate). For
the avoidance of doubt, the Cash Amount will be paid to the Chief Executive Officer less tax at the highest marginal tax rate applying to the Chief Executive Officer and less the amount of any contribution to Kiwisaver by the Chief Executive
Officer. 

  

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 PERFORMANCE RIGHTS SCHEME 
  

	6.5	Board Notice 

 The Board will give a further notice
to the Chief Executive Officer if he has been precluded (pursuant to clause 5.1(a)) from exercising an Option, as soon as it considers that the exercise would no longer give rise to a Breach. 
  

	6.6	Effective Exercise 

 Subject to clause 6.7, the
Exercise Notice, where the Chief Executive Officer is precluded (pursuant to clause 5.1(a)) from exercising an Option, will take effect 10 Business Days after the date on which the Board gives its notice pursuant to clause 6.5, if the Chief
Executive Officer: 
  

	 	(a)	surrenders the Options certificate; and 

  

	 	(b)	(if applicable) delivers a form requesting consent to acquire Shares, in terms of Telecom’s internal procedures for insiders, 

 during that period. If the Chief Executive Officer fails to do so, the Exercise Notice will be deemed to have been revoked. 
  

	6.7	Continued Breach 

 If the exercise of Options
pursuant to clause 6.6 would give rise to a Breach, the Board will proceed as if an Exercise Notice had been given pursuant to clause 6.2. 
  

	6.8	Breach 

 If, after the period of six months from the
date on which it first gives notice pursuant to clause 6.4 or by the date the Option lapses (whichever occurs earlier), the Board considers that it is still unable to give notice in respect of an Option pursuant to clause 6.5 and/or the exercise of
Options pursuant to clause 6.6 would give rise to a Breach, then Telecom is in default under the Scheme. Where Telecom is in default under this clause, the Chief Executive Officer and Telecom acknowledge and agree the following: 
  

	 	(a)	Telecom must pay the Chief Executive Officer liquidated damages in the sum equal to the volume weighted average market price of Shares on the Exchange for the Business Days in the
month immediately preceding the date of the Exercise Notice given by the Chief Executive Officer pursuant to clause 6.2, within ten Business Days; and 

  

	 	(b)	that the amount payable under clause 6.8(a) is a genuine pre-estimate of the damages the Chief Executive Officer is likely to suffer as a result of the default;

  

	 	(c)	that on payment of the amount under clause 6.8(a), all rights the Chief Executive Officer has to specific performance, compensation for breach, loss or damages, or any other remedy
are waived and/or extinguished and the Chief Executive Officer’s Options will lapse immediately, if not already lapsed. 

  

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 PERFORMANCE RIGHTS SCHEME 
  

	6.9	Option Lapse Date 

 Subject to clause 8, each Option
lapses, and ceases to be exercisable, on the earlier of the: 
  

	 	(a)	the last possible Notification Date of that Option, provided that the Board has determined that the Option may not be exercised; 

  

	 	(b)	Option Lapse Date of that Option; and 

  

	 	(c)	the date on which the Chief Executive Officer ceases to be Employed. 

  

	7	Rights on Exercise 

  

	7.1	Shares issued to the Chief Executive Officer will be credited as fully paid and will rank pari passu in all respects with all Shares at the date of issue, except for any dividend or
other benefit in respect of Shares where the record date occurs prior to issue. 

  

 6 

 PERFORMANCE RIGHTS SCHEME 
  
 PART III - TERMINATION OF EMPLOYMENT 
  

	8	Termination of Employment 

  

	8.1	Exercisable Options 

 If the Chief Executive Officer
ceases to be Employed for any reason, his Exercisable Options will lapse three months after the date on which he ceased to be Employed. 
  

	8.2	Options between Exercise Date or Specified Date and Notification Date 

 If the Chief Executive Officer ceases to be Employed for any of the reasons specified in clauses 8.3(a) or 8.4(a) or 8.4(b): 
  

	 	(a)	after the Exercise Date but before the next occurring Notification Date; or 

  

	 	(b)	after the Specified Date but before the next occurring Notification Date, 

 of an Option, that Option shall lapse three months after the date on which the Chief Executive Officer ceases to be Employed unless the Board determines in accordance with clause 6.1 that the Option may not be
exercised, in which case the Option will lapse on the relevant Notification Date. 
  

	8.3	Termination by the Chief Executive Officer for Fundamental Change or by Telecom on Notice 

 If the Chief Executive Officer ceases to be Employed: 
  

	 	(a)	due to: 

  

	 	(i)	termination of his employment agreement by the Chief Executive Officer for Fundamental Change (in accordance with clause 21 of that employment agreement); or

  

	 	(ii)	termination of his employment agreement by Telecom on notice (in accordance with clause 23 of that employment agreement); and 

  

	 	(b)	on or after the date half way through the period from the grant date of a Grant of Options (“Specified Grant”) to the Exercise Date of the Specified Grant,

 the Board will permit the Chief Executive Officer to exercise a number of Options in the Specified Grant calculated in
accordance with the following formula (“Permitted Options”): 
  

											
	 number of Permitted Options
	 	=	 	A	 	×	 	 N
	  	
	 	 	 	 	T	  	

 Where: 
  

	 	A	total number of Options in the Specified Grant 

  

 7 

 PERFORMANCE RIGHTS SCHEME 
  

	 	N	is the number of days from the grant date of the Specified Grant to the date the Chief Executive Officer ceases Employment 

  

	 	T	is the number of days from the grant date of the Specified Grant to the Exercise Date of the Specified Grant. 

 The Notification Date for the Permitted Options will be deemed to be the Business Day immediately after the date the Chief Executive Officer ceases to be
Employed. The Permitted Options shall lapse three months after the Notification Date. 
  

	8.4	Termination by the Chief Executive Officer On Notice or by Telecom for Disability 

 If the Chief Executive Officer ceases to be Employed due to termination of his employment agreement: 
  

	 	(a)	by the Chief Executive Officer on Notice (in accordance with clause 20 of that employment agreement); or 

  

	 	(b)	by Telecom for disability (in accordance with clause 22 of that employment agreement) 

 the Board may in its discretion permit the Chief Executive Officer to exercise part or all of his Options. If the Board elects to permit the Chief Executive Officer to exercise Options pursuant to this clause, it may
deem the Notification Date for those Options to be such date after the Chief Executive Officer ceases to be Employed as the Board decides. Those Options will lapse three months after the Notification Date. 
  

	8.5	Termination by Telecom Without Notice 

 If the Chief
Executive Officer ceases to be Employed due to termination of his employment agreement by Telecom without notice (in accordance with clause 24 of his employment agreement) all of his Options, other than his Exercisable Options, will immediately
lapse. 
  

 8 

 PERFORMANCE RIGHTS SCHEME 
  
 PART IV - CORPORATE EVENTS 
  

	9	Capital Changes 

  

	9.1	If before the exercise of Options: 

  

	 	(a)	     

  

	 	(i)	a Rights Offer occurs; and 

  

	 	(ii)	Shareholders are able to sell their rights under that Rights Offer for consideration, 

 Telecom shall pay to the Chief Executive Officer an amount (less any deductions or withholdings required by law) equal to the amount which he would have received (after any expenses of sale) if the Chief Executive
Officer had exercised all of his Options before the record date for the Rights Offer, and had sold all of the rights under the Rights Offer relating to the Shares arising from the exercise of those Options on the first day on which it was possible
to do so; 
  

	 	(b)	a Bonus Issue occurs, then upon exercise of Options (but not otherwise) Telecom shall issue to the Chief Executive Officer the Shares or other securities or benefits to which he
would have been entitled if on the record date for the Bonus Issue the Chief Executive Officer had been the holder of a number of Shares equal to the number which he would have held if he had exercised those Options immediately before the record
date for the Bonus Issue; 

  

	 	(c)	a Capital Return occurs, and that Capital Return is on the basis that it applies to all holders of Shares, without any election by holders of Shares; 

  

	 	(i)	the Chief Executive Officer’s Options shall be reduced in the same ratio as holdings of Shares are reduced on the Capital Return; and 

  

	 	(ii)	Telecom shall pay to the Chief Executive Officer the amount (less any deductions or withholdings required by law) which he would have received if the Chief Executive Officer had
exercised all of his Options, and the Shares resulting from that exercise had participated in the Capital Return; 

  

	 	(d)	any other Capital Change occurs, that Capital Change shall be dealt with in accordance with clause 10. 

  

	10	Other Adjustment 

  

	10.1	If: 

  

	 	(a)	there occurs any offer for or acquisition of securities of Telecom, reconstruction or amalgamation affecting Telecom, Capital Change, disposal of businesses or assets of the Group,
or other event of any nature which in the opinion of the Board affects or will affect the position or rights of, or benefits to, the Chief Executive Officer or Telecom in respect of the Scheme (collectively an “Event”); and

  

 9 

 PERFORMANCE RIGHTS SCHEME 
  

	 	(b)	either that Event is not provided for under Scheme, or in the opinion of the Board the manner in which the Scheme applies on the occurrence of that Event produces a result which is
inappropriate or unfair to the Chief Executive Officer or to Telecom or to both, 

 the Board may make such alterations to the
rights, obligations, or benefits of the Chief Executive Officer or Telecom and/or take or cause Telecom to take such steps, as in the opinion of the Board are appropriate or desirable as a result of the occurrence of that Event. 
  

 10 

 PERFORMANCE RIGHTS SCHEME 
  
 PART V - GENERAL 
  

	11	No Divestment 

  

	11.1	The Chief Executive Officer may not (including by operation of law) transfer, assign, or otherwise dispose of or create any interest (including any security, or legal or equitable
interest) in an Option. 

  

	12	Administration of Scheme 

  

	12.1	The Board will administer all aspects of the Scheme, including the offering of Shares. Any matter to be determined by Telecom will be determined as the Board sees fit in its sole
discretion. The decision of the Board as to: 

  

	 	(a)	the exercise of any discretion conferred on the Board or Telecom by the Scheme; 

  

	 	(b)	the interpretation of this document; 

  

	 	(c)	any other matter touching upon the Scheme, 

 shall be
conclusive and binding on the Chief Executive Officer and Telecom and shall not be capable of being challenged or appealed. 
  

	12.2	The Board may delegate (to the extent permitted by law) to any person (and revoke any delegation of) any or all of its powers, discretions, rights and obligations under the Scheme
from time to time as it sees fit, and references to Telecom and the Board will be construed accordingly. 

  

	13	Amendment 

  

	13.1	Telecom may from time to time, subject to clause 13.2: 

  

	 	(a)	vary any term of the Chief Executive Officer’s participation in the Scheme, with the agreement of the Chief Executive Officer; or 

  

	 	(b)	amend the Scheme, if it considers that: 

  

	 	(i)	the interests of the Chief Executive Officer are not materially prejudiced; or 

  

	 	(ii)	the amendment is fair and appropriate having regard to the proper interests of the Chief Executive Officer, Telecom, and/or shareholders of Telecom; 

  

	 	(c)	terminate the Scheme. 

  

	13.2	Telecom: 

  

	 	(a)	may not amend the Scheme (or vary any term of the Chief Executive Officer’s participation in the Scheme) if this would give rise to a Breach; but 

  

 11 

 PERFORMANCE RIGHTS SCHEME 
  

	 	(b)	may amend or terminate the Scheme if Telecom considers that this would avoid giving rise to a Breach. 

  

	13.3	Telecom will give notice of any amendment to or termination of the Scheme to the Chief Executive Officer. 

  

	14	Miscellaneous 

  

	14.1	All actions (including directions) and consequences deemed to occur under the Scheme will occur irrevocably and unconditionally (subject to clause 13). 

  

	14.2	If a calculation under the Scheme produces a fraction of a cent or Share, the product will be rounded to the nearest whole number favourable to the Chief Executive Officer.

  

	14.3	The Scheme represents all of the terms on which Options are issued and exercised under the Scheme, except those which Telecom implies to give effect to the Scheme.

  

	14.4	No failure, delay or indulgence by Telecom in exercising any power or right conferred on it under the Scheme will operate as a waiver of that power or right; nor will a single
exercise of a power or right preclude further exercises, or the exercise of any other power or right under the Scheme. 

  

	14.5	Any dispute which arises under the Scheme will be determined by Telecom. Telecom’s decision will be final. 

  

	14.6	All notices and other communications under the Scheme will be in writing and addressed to the recipient at the address or facsimile number from time to time designated by the
recipient. Unless any other designations are given: 

  

	 	(a)	the addresses and facsimile numbers of Telecom and the Chief Executive Officer are those set out in the Grant; and 

  

	 	(b)	notices or communications to Telecom will be addressed and marked to the attention of Telecom’s Company Secretary. 

 Any notice or communication will be deemed to have been received: 
  

	 	(c)	at the time of delivery, if delivered by hand; 

  

	 	(d)	on the second Business Day after the date of mailing, if sent by post or airmail with postage prepaid; or 

  

	 	(e)	on the day on which confirmation of proper transmission is received (on transmission), if sent by facsimile. 

  

	14.7	The Scheme will be governed by and construed in accordance with New Zealand law. 

  

 12Management Agreement

 Exhibit 10.17 
 MANAGEMENT AGREEMENT 
 THIS MANAGEMENT AGREEMENT (this “Agreement”) is
made as of December 31, 2007 (the “Effective Date”), by and among Solera Holdings, Inc., a Delaware corporation, and Solera, Inc., a Delaware corporation (collectively, the “Company” or the
“Employer”), and Jason Brady (“Executive”). 
 On the Effective Date, Executive is being employed by
Employer pursuant to the terms set forth below. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1.
Employment. Employer agrees to employ Executive and Executive accepts such employment for the period beginning as of the Effective Date and ending upon a Separation (the “Employment Period”). 
 (a) At Will Employment. Executive and Employer understand and acknowledge that Executive’s employment constitutes “at-will”
employment, which means that the employment relationship may be terminated by either party at any time, with or without cause and with or without notice. Any modification or change to Executive’s at-will employment status may only occur by way
of a written agreement signed by Executive and Employer’s Chief Executive Officer. 
 (b) Position and Duties. 
 (i) During the Employment Period, Executive shall serve as the Senior Vice President and General Counsel of Employer and shall have the
normal duties, responsibilities and authority implied by such position, subject to the power of Employer’s Chief Executive Officer and the Board to expand or limit such duties, responsibilities and authority and to override actions of the
Senior Vice President and the General Counsel, subject to the definition of “Good Reason” in Section 4 herein. 
 (ii) Executive shall report to Employer’s Chief Executive Officer, and Executive shall devote his reasonable efforts and, subject to existing business obligations of Executive that shall be completed within 90 days after the Effective
Date, his full business time and attention to the business and affairs of the Company, Employer and their Subsidiaries. 
 (iii) Executive’s principal office shall be located in the Company’s offices located at 15030 Avenue of Science, Suite 100, San Diego, California; provided, however, that Executive shall not be obligated to locate in that office
during the first six months of the Employment Period, which time period may be extended in the sole discretion of the Company’s Chief Executive Officer. 

 (c) Salary, Bonus and Benefits. During the Employment Period, Employer will pay Executive an
initial base salary of $250,000 per annum (the “Annual Base Salary”). The Annual Base Salary shall be subject to review and adjustment in accordance with Employer’s customary practices concerning salary review for similarly
situated employees of the Company, Employer and their Subsidiaries. During the Employment Period, beginning with the fiscal year ending June 30, 2008 and for each fiscal year thereafter, Executive shall be eligible for an annual bonus
(“Annual Bonus”) in an amount up to 40% of the then-current Annual Base Salary based upon the achievement by the Company, Employer and their Subsidiaries of financial and other objectives set by the Board; provided, however, that
any Annual Bonus earned for the fiscal year ending June 30, 2008 shall be prorated by the number of full calendar months in that fiscal year that Executive was employed by the Company. An Annual Bonus, if any, will be paid to Executive by
Employer within 120 days after the end of the fiscal year to which such Annual Bonus relates. Executive will be eligible to participate in the Company’s healthcare benefits, life insurance, 401(k) plan and other employee benefits program,
subject to the terms of the plans. Group insurance coverage begins on the Effective Date. Executive shall also be eligible for relocation benefits in accordance with the Company’s present executive relocation policy; provided, however, that the
Company will provide Executive with home purchase assistance if Executive purchases a home in the San Diego area within one year of his relocation date whether or not Executive sells his current home. 
 (d) Executive Securities. Upon the execution of this Agreement, and subject to approval by the compensation committee of Solera Holdings, Inc.
(i) the Company will issue to Executive pursuant to the 2007 LTIP Plan restricted stock units entitling Executive to receive an aggregate of 25,000 shares of Common Stock (the “RSUs”) and (ii) the Company will issue to
Executive pursuant to the 2007 LTIP Plan an option to acquire 50,000 shares of Common Stock (the “Option”). The RSUs and the Option shall vest as to 25% of the shares subject thereto one year following the Effective Date, and as to
an additional 6.25% of the shares subject thereto each three month period following thereafter, in each case subject to the definitive agreements entered by the Company and Executive establishing the RSUs and the Option. The RSUs, the Option, and
any equity awards granted to Executive after the Effective Date are collectively referred to herein as “Executive Securities”. All shares of Common Stock issuable or issued upon each and every exercise of the Executive Securities
are collectively referred to herein as “Common Shares”. Executive acknowledges and agrees that neither the issuance of the Executive Securities or the Common Shares to Executive nor any provision contained in this
Section 1(d) shall entitle Executive to remain in the employment of the Company, Employer or their respective Subsidiaries or affect the right of the Company, Employer or their respective Subsidiaries to terminate Executive’s
employment at any time for any reason, with or without notice or cause. 
 (e) Separation. The Employment Period will continue until
(i) Executive’s resignation, Disability or death, or (ii) Employer’s Chief Executive Officer or the Board decides to terminate Executive’s employment with or without Cause. If Executive’s employment is terminated by
Employer without Cause or by Executive with 

 
Good Reason, then during the six-month period commencing on the date of termination subject to extension pursuant to the following sentence (the
“Severance Period”), Employer shall pay to Executive an aggregate amount equal to 50% of his then-current Annual Base Salary, payable in equal installments on the Employer’s regular salary payment dates (the “Wage
Severance”), and Executive shall continue to participate in employee benefit programs for senior executive employees (other than bonus and incentive compensation plans) to the extent permitted under the terms of such programs and under
applicable law; provided that in the event the terms of such programs and/or applicable law do not permit Executive from continuing participation in such employee benefit programs, Executive shall convert his coverage through the Consolidated
Omnibus Budget Reconciliation Act of 1985 (“COBRA”), and the Company will pay Executive’s COBRA premiums during the Severance Period and any extension thereof (collectively, the “Severance Payments”). In addition,
Employer shall have the option, by delivering written notice to the Executive within six months after the Separation to extend the Severance Period for an additional six-month period during which time the Company shall continue to make Severance
Payments to Executive at the same annual rate (pro rated as applicable). Further, if Executive’s employment is terminated by Employer without Cause or by Executive with Good Reason within 60 days before or within twelve months following a Sale
of the Company, then the Executive Securities shall, upon the later of such termination or Sale of the Company, vest in full and become exercisable as to all Common Shares subject thereto. Notwithstanding the foregoing, (A) Executive shall not
be entitled to receive any payments or vesting acceleration pursuant to this Section 1(e) unless Executive has executed and delivered to Employer, and not revoked, a general release in form and substance satisfactory to Employer and
(B) Executive shall be entitled to receive such payments and vesting acceleration only so long as Executive has not breached the provisions of Sections 2 or 3 hereof. 
 (f) In connection with entering this Agreement, Executive represents and warrants to the Company that: 
 (i) This Agreement constitutes the legal, valid and binding obligation of Executive, enforceable in accordance with its terms, and the
execution, delivery and performance of this Agreement by Executive does not and will not conflict with, violate or cause a breach of any agreement, contract or instrument to which Executive is a party or any judgment, order or decree to which
Executive is subject. 
 (ii) Except as set forth in a writing delivered on the Effective Date to the Company’s Chief
Executive Officer, Executive is neither party to, nor bound by, any other employment agreement, consulting agreement, noncompete agreement, non-solicitation agreement or confidentiality agreement. 
 (iii) Executive is a resident of the State of California. 

 (g) Executive’s employment with the Company is conditioned upon: 
 (i) The completion of a successful verification of Executive’s criminal, education, and employment background; and 
 (ii) The execution of and full compliance with the Company’s standard form of Employee Invention Assignment and Confidentiality
Agreement. 
 (h) Within three (3) business days of commencing employment with the Company, Executive must present documentation
demonstrating that Executive is authorized to work in the United States. Within five (5) business days of commencing employment with the Company, Executive must complete a successful urinalysis drug test. 
 2. Confidential Information. 
 (a)
Obligation to Maintain Confidentiality. Executive acknowledges that the information, observations and data (including trade secrets) of a confidential, proprietary or secret nature obtained by him during the course of his performance under
this Agreement concerning the business or affairs of the Company, Employer and their respective Subsidiaries and Affiliates (“Confidential Information”) are the property of the Company, Employer or such Subsidiaries and Affiliates,
including information concerning acquisition opportunities in or reasonably related to the Company’s and Employer’s business or industry of which Executive becomes aware during the Employment Period. Therefore, Executive agrees that he
will not disclose to any unauthorized Person or use for his own account any Confidential Information without the Board’s written consent, unless and to the extent that the Confidential Information, (i) becomes generally known to and
available for use by the public other than as a result of Executive’s acts or omissions to act, (ii) was known to Executive prior to Executive’s employment with Employer, the Company or any of their Subsidiaries and Affiliates, or
(iii) is required to be disclosed pursuant to any applicable law or court order. Executive shall deliver to the Company at a Separation, or at any other time the Company may request, all memoranda, notes, plans, records, reports, computer
tapes, printouts and software and other documents and data (and copies thereof) relating to the Confidential Information, Work Product (as defined below) or the business of the Company, Employer and their respective Subsidiaries and Affiliates
(including, without limitation, all acquisition prospects, lists and contact information) which he may then possess or have under his control. 
 (b) Third Party Information. Executive understands that the Company, Employer and their respective Subsidiaries and Affiliates will receive from third parties confidential or proprietary information (“Third Party
Information”) subject to a duty on the Company’s, Employer’s and their respective Subsidiaries and Affiliates’ part to maintain the confidentiality of such information and to use it only for certain limited purposes. During
the Employment Period and thereafter, and without in any way limiting the provisions of Section 2(a) above, Executive will hold Third Party Information in the strictest confidence and will not disclose to anyone (other than personnel and
consultants of the Company, Employer or their respective Subsidiaries and Affiliates who need to 

 
know such information in connection with their work for the Company, Employer or their respective Subsidiaries and Affiliates) or use, except in connection
with his work for the Company, Employer or their respective Subsidiaries and Affiliates, Third Party Information unless expressly authorized by a member of the Board in writing. 
 (c) Use of Information of Prior Employers. During the Employment Period, Executive will not use or disclose any confidential information or trade
secrets, if any, of any former employers or any other Person to whom Executive has an obligation of confidentiality, and will not bring onto the premises of the Company, Employer or any of their respective Subsidiaries or Affiliates any unpublished
documents or any property belonging to any former employer or any other Person to whom Executive has an obligation of confidentiality unless consented to in writing by the former employer or Person. Executive will use in the performance of his
duties only information which is (i) generally known and used by persons with training and experience comparable to Executive’s and which is (x) common knowledge in the industry or (y) is otherwise legally in the public domain,
(ii) is otherwise provided or developed by the Company, Employer or any of their respective Subsidiaries or Affiliates or (iii) in the case of materials, property or information belonging to any former employer or other Person to whom
Executive has an obligation of confidentiality, approved for such use in writing by such former employer or Person. 
 3. Restrictive
Covenants. Executive acknowledges that in the course of his employment with Employer he will become familiar with the Company’s, Employer’s and their respective Subsidiaries’ trade secrets and with other confidential information
concerning the Company, Employer and such Subsidiaries and that his services will be of special, unique and extraordinary value to the Company, Employer and such Subsidiaries. Therefore, Executive agrees that: 
 (a) Nonsolicitation. During the Employment Period and (x) during the Severance Period if the Employment Period is terminated by the Company
or Employer without Cause or by Executive with Good Reason, or (y) for a period of two years thereafter if the Employment Period is terminated by Executive, the Company or Employer for any other reason, Executive shall not directly or
indirectly through another entity (i) induce or attempt to induce any employee of the Company, Employer or their respective Subsidiaries to leave the employ of the Company, Employer or such Subsidiary, or in any way interfere with the
relationship between the Company, Employer and any of their respective Subsidiaries and any employee, consultant or independent contractor thereof (which restriction shall not preclude placing advertisements in trade publications or similar general
solicitations for employment, so long as such advertisements or solicitations do not target any employee of the Company, Employer or their respective Subsidiaries), or (ii) induce or attempt to induce any customer, supplier, licensee or other
business relation of the Company, Employer or any of their respective Subsidiaries to cease doing business with the Company, Employer or such Subsidiary or in any way interfere with the relationship between any such customer, supplier, licensee or
business relation and the Company, Employer and any Subsidiary, in each case, if any such inducement, attempted inducement or interference would involve, use or rely upon any of the Company’s, Employer’s or any of their respective
Subsidiaries’ trade secrets or other confidential information. 

 (b) Enforcement. Because Executive’s services are unique and because Executive has access to
confidential information, the parties hereto agree that money damages would be an inadequate remedy for any breach of this Agreement. Therefore, in the event a breach or threatened breach of this Agreement, the Company, Employer, their respective
Subsidiaries or their successors or assigns may, in addition to other rights and remedies existing in their favor, apply to any court of competent jurisdiction for specific performance and/or injunctive or other relief in order to enforce, or
prevent any violations of, the provisions hereof (without posting a bond or other security). 
 4. Definitions. 
 “2007 LTIP Plan” means the Solera Holdings, Inc. 2007 Long Term Equity Incentive Plan. 
 “Affiliate” means, (i) with respect to any Person, any Person that controls, is controlled by or is under common control with such
Person or an Affiliate of such Person, and (ii) with respect to any Investor, any general or limited partner of such Investor, any employee or owner of any such partner, or any other Person controlling, controlled by or under common control
with such Investor. 
 “Board” means the Company’s board of directors. 
 “Cause” means (i) the commission of a felony or a crime involving moral turpitude or the commission of any other act or omission
involving dishonesty or fraud with respect to the Company, Employer or any of their respective Subsidiaries or any of their customers or suppliers, (ii) substantial and repeated failure to perform duties of the office held by Executive as
reasonably directed by the Board, (iii) gross negligence or willful misconduct with respect to the Company, Employer or any of their respective Subsidiaries, (iv) conduct tending to bring the Company, Employer or any of their respective
Subsidiaries into public disgrace or disrepute, and (v) any breach by Executive of Sections 1(b)(ii), 1(h), 2 or 3 of this Agreement. 
 “Common Stock” means the common stock of the Company, $0.01 par value per share. 
 “Disability” means the disability of Executive caused by any physical or mental injury, illness or incapacity as a result of which
Executive is or will be unable to effectively perform the essential functions of Executive’s duties, even with a reasonable accommodation that does not impose an undue hardship on the Company, for a continuous period of more than 60 days or for
90 days (whether or not continuous) within a 180 day period, as determined by the Board in good faith. 
 “Good Reason”
means (i) a reduction in Executive’s Annual Base Salary, or (ii) a material diminution in Executive’s duties or responsibilities inconsistent with his 

 
title, with the exception of Change of Control or sale of the company; in each case without the prior written consent of Executive; provided that in order
for such resignation to be with Good Reason for any purpose hereunder (i) written notice of Executive’s resignation must be delivered to the Company within 30 days of his actual knowledge of any such event, and (ii) the Company is
provided at least 30 days during which it may remedy the condition, or (iv) the failure of the Company to obtain the assumption (by operation of law, the continuation of the corporate existence of the Company, or otherwise) of this Agreement by
any successors contemplated in connection with a Sale of the Company. 
 “Person” means an individual, a partnership, a
corporation, a corporation, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, investment fund, any other business entity and a governmental entity or any department, agency or political subdivision
thereof. 
 “Public Offering” means the sale in an underwritten public offering registered under the Securities Act of
equity securities of the Company. 
 “Sale of the Company” means any transaction or series of related transactions pursuant
to which any Person or group of related Persons in the aggregate acquire(s) (i) equity securities of the Company possessing the voting power (other than voting rights accruing only in the event of a default, breach or event of noncompliance) to
elect a majority of the Board (whether by merger, consolidation, reorganization, combination, sale or transfer of the Company’s equity, securityholder or voting agreement, proxy, power of attorney or otherwise) or (ii) all or substantially
all of the Company’s assets determined on a consolidated basis; provided that a Public Offering shall not constitute a Sale of the Company. 
 “Securities Act” means the Securities Act of 1933, as amended from time to time. 
 “Separation” means Executive ceasing to be employed by the Company, Employer or any of their respective Subsidiaries for any reason. 
 “Subsidiary” means, with respect to any Person, any corporation, corporation, partnership, association, or business entity of which (i) if a corporation, a majority of the total voting power of
shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers, or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other
Subsidiaries of that Person or a combination thereof, or (ii) if a corporation, partnership, association, or other business entity (other than a corporation), a majority of partnership or other similar ownership interest thereof is at the time
owned or controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a corporation,
partnership, association, or other business entity (other than a corporation) if such Person or Persons shall be allocated a majority of corporation, partnership, association, or other business entity gains 

 
or losses or shall be or control any managing director or general partner of such corporation, partnership, association, or other business entity. For
purposes hereof, references to a “Subsidiary” of any Person shall be given effect only at such times that such Person has one or more Subsidiaries, and, unless otherwise indicated, the term “Subsidiary” refers to a
Subsidiary of the Company. 
 5. Arbitration. Executive and the Company agree to submit to mandatory binding arbitration any and all
claims arising out of or related to Executive’s employment with the Company and the termination thereof. This agreement to arbitrate applies to claims including, but by no means limited to, claims of discrimination, harassment, unpaid wages,
breach of contract, wrongful termination, torts, claims for stock or stock options or other ownership interest in the Company, as well as claims based upon any federal, state or local ordinance, statute, regulation or constitutional provision,
including, but not limited to, the Age Discrimination in Employment Act, the Americans with Disabilities Act, Title VII of the Civil Rights Act, and any and all state or local laws prohibiting discrimination or regulating any terms or conditions of
employment (“Arbitrable Claims”). All arbitration hearings shall be conducted in San Diego County, California. Arbitration shall be the exclusive method by which to resolve Arbitrable Claims, except that each party may, at its, his or her
option, seek injunctive relief in a court of competent jurisdiction related to the improper use, disclosure or misappropriation of a party’s proprietary, confidential or trade secret information. THE PARTIES HEREBY WAIVE ANY RIGHTS THEY MAY
HAVE TO TRIAL BY JURY IN REGARD TO SUCH CLAIMS. This agreement to arbitrate does not restrict Executive’s right to file administrative claims you may bring before any government agency where, as a matter of law, the parties may not restrict
Executive’s ability to file such claims (including but not limited to the Equal Employment Opportunity Commission, the Department of Labor, and other federal and state agencies). However, the parties agree that, to the fullest extent permitted
by law, arbitration shall be the exclusive remedy for the subject matter of such administrative claims. The arbitration shall be conducted through JAMS before a single neutral arbitrator, in accordance with the JAMS employment arbitration rules then
in effect. The arbitrator shall issue a written decision that contains the essential findings and conclusions on which the decision is based. 
 6. Notices. All notices, demands or other communications to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given when (i) delivered
personally to the recipient, (ii) sent to the recipient by reputable express courier service (charges prepaid), (iii) mailed to the recipient by certified or registered mail, return receipt requested and postage prepaid, or
(iv) telecopied to the recipient (with hard copy sent to the recipient by reputable overnight courier service (charges prepaid) that same day) if telecopied before 5:00 p.m. California time on a business day, and otherwise on the next business
day. Such notices, demands and other communications shall be sent to the parties at the addresses indicated below: 
 If to Employer:

 Solera, Inc. 
 15030 Avenue of Science, Suite 100 
 San Diego, CA 92128 
 Attention: Chief Executive Officer 
 Facsimile: (858) 812-3011 
 with copies to: 
 [                    ]

 If to the Company: 
 Solera Holdings, Inc. 
 15030 Avenue of Science, Suite 100 
 San Diego, CA 92128 
 Attention: Chief Executive Officer 
 Facsimile: (858) 812-3011 
 with copies to: 
 [                    ]

 If to Executive: 
 Jason Brady 
 Mailing address and contact information in his personnel file 
 or such other address or to the attention of such other Person as the recipient party shall have specified by prior written notice to the sending party. 
 7. General Provisions. 
 (a)
Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in
any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such
jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 
 (b) Complete Agreement. This
Agreement, those documents expressly referred to herein and other documents of even date herewith embody the complete agreement and understanding among the parties and supersede and preempt any prior understandings, agreements or representations by
or among the parties, written or oral, which may have related to the subject matter hereof in any way. 

 (c) No Strict Construction. The language used in this Agreement shall be deemed to be the
language chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be applied against any party. 
 (d) Counterparts. This Agreement may be executed in separate counterparts (including by means of facsimile), each of which is deemed to be an original and all of which taken together constitute one and the same agreement. 

(e) Successors and Assigns. Except as otherwise provided herein, this Agreement shall bind and inure to the benefit of and be enforceable by
Executive, the Company, Employer, and their respective successors and assigns. 
 (f) Choice of Law. All questions concerning the
construction, validity and interpretation of this Agreement and the exhibits hereto will be governed by and construed in accordance with the internal laws of the State of California, without giving effect to any choice of law or conflict of law
provision or rule (whether of the State of California or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of California. 
 (g) Executive’s Cooperation. During the Employment Period and thereafter, Executive shall cooperate with the Company, Employer and their
respective Subsidiaries and Affiliates in any disputes with third parties, internal investigation or administrative, regulatory or judicial proceeding as reasonably requested by the Company (including, without limitation, Executive being reasonably
available to the Company upon reasonable notice for interviews and factual investigations, appearing at the Company’s request to give testimony without requiring service of a subpoena or other legal process, volunteering to the Company all
pertinent information and turning over to the Company all relevant documents which are or may come into Executive’s possession, all at times and on schedules that are reasonably consistent with Executive’s other permitted activities and
commitments). In the event the Company requires Executive’s cooperation in accordance with this paragraph during the Employment Period or the Severance Period, the Company shall reimburse Executive solely for reasonable travel expenses
(including lodging and meals, upon submission of receipts). In the event the Company requires Executive’s cooperation in accordance with this paragraph after the Severance Period, the Company shall reimburse Executive for reasonable travel
expenses (including lodging and meals, upon submission of receipts) and compensate Executive at a reasonable rate for such cooperation, as determined by mutual agreement of the Company and Executive. Executive’s obligations under this
Section 7(g) after Separation are subject to his other business commitments, and all scheduling will be made by mutual consent of the parties (other than court proceedings with set dates). 
 (h) Remedies. Each of the parties to this Agreement will be entitled to enforce its rights under this Agreement specifically, to recover damages
and costs (including attorney’s fees) caused by any breach of any provision of this Agreement and to exercise all other rights existing in its favor. The parties hereto agree and acknowledge that money damages may not be an adequate remedy for
any breach of the provisions of this Agreement and that any party may in its sole discretion apply to any court of law or 

 equity of competent jurisdiction (without posting any bond or deposit) for specific performance and/or other injunctive
relief in order to enforce or prevent any violations of the provisions of this Agreement. 
 (i) Amendment and Waiver. The provisions
of this Agreement may be amended and waived only with the prior written consent of the Company, Employer, and Executive. If either party should waive any breach of any provision of this Agreement or fail to enforce any provision of this Agreement,
he or it shall not thereby be deemed to have waived any preceding or succeeding breach of the same or any other provision of this Agreement. 
 (j) Insurance. The Company, at its discretion, may apply for and procure in its own name and for its own benefit life and/or disability insurance on Executive in any amount or amounts considered available. Executive agrees to
cooperate in any reasonable medical or other examination, supply any information, and to execute and deliver any applications or other instruments in writing as may be reasonably necessary to obtain and constitute such insurance. Executive hereby
represents that he has no reason to believe that his life is not insurable at rates now prevailing for healthy men of his age. 
 (k)
Business Days. If any time period for giving notice or taking action hereunder expires on a day which is a Saturday, Sunday or holiday in the state in which the Company’s chief executive office is located, the time period shall be
automatically extended to the business day immediately following such Saturday, Sunday or holiday. 
 (l) Indemnification and
Reimbursement of Payments on Behalf of Executive. The Company and its Subsidiaries shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Subsidiaries to Executive any federal, state, local or foreign
withholding taxes, excise taxes, or employment taxes (“Taxes”) imposed with respect to Executive’s compensation or other payments from the Company or its Subsidiaries or Executive’s ownership interest in the Company,
including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity. In the event the Company or its Subsidiaries does not make such deductions or withholdings,
Executive shall indemnify the Company and its Subsidiaries for any amounts paid with respect to any such Taxes. The parties’ mutual intent in entering into this Agreement is that none of the payment arrangements hereunder constitute a
“deferral of compensation” under Internal Revenue Code Section 409A (“Section 409A”), and they agree that this Agreement will be interpreted in a manner consistent with that intent. They acknowledge, though, that uncertainty
exists with respect to certain interpretive issues under Section 409A. Accordingly, notwithstanding anything else to the contrary contained herein, the parties agree that, to the extent the Company in good faith determines both that any payment
provided for hereunder constitutes a “deferral of compensation” under Section 409A and that the Executive is as of the relevant date a “key employee” (as defined in Section 409A(a)(2)(B)(i)), then no amounts shall be
payable to Executive hereunder prior to the earlier of (a) Executive’s death following the date of Separation, or (b) the date that is six months following the date of Executive’s “separation from service” with the
Company 

 (within the meaning of Section 409A). The parties agree to cooperate to make such amendments to the terms of this
Agreement as may be necessary to avoid the imposition of penalties and additional taxes under Section 409A. 
 (m) Reasonable
Expenses. Employer agrees to pay the reasonable fees and expenses of Executive’s counsel arising in connection with the negotiation and execution of this Agreement and the consummation of the transactions contemplated by this Agreement.

 (n) Termination. This Agreement (except for the provisions of Sections 1(b) and (c)) shall survive a Separation and shall
remain in full force and effect after such Separation. 
 (o) Adjustments of Numbers. All numbers set forth herein that refer to unit
prices or amounts will be appropriately adjusted to reflect unit splits, unit dividends, combinations of units and other recapitalizations affecting the subject class of equity. 
 (p) Delivery by Facsimile. This Agreement, the agreements referred to herein, and each other agreement or instrument entered into in connection
herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a facsimile machine, shall be treated in all manner and respects as an original agreement or instrument and
shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto or to any such agreement or instrument, each other party hereto or thereto shall
reexecute original forms thereof and deliver them to all other parties. No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine to deliver a signature or the fact that any signature or agreement or
instrument was transmitted or communicated through the use of a facsimile machine as a defense to the formation or enforceability of a contract and each such party forever waives any such defense. 
 (q) Limitation on Payments. In the event it shall be determined that any compensation by or benefit from the Company to the Executive or for the
Executive’s benefit, whether pursuant to the terms of this Agreement or otherwise (collectively, the “Payments”), (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code
of 1986, as amended (the “Code”), and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the Employee’s benefits under this Agreement shall be either: 

(i) delivered in full, or 
 (ii) delivered as to such lesser extent which would result in no portion of such benefits being subject to the Excise Tax, 
 whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the Excise Tax, results in the receipt by the Executive on an after-tax basis of the greatest amount of benefits,
notwithstanding that all or some portion of such benefits may be taxable under Section 4999 of the Code. 

 Unless the Company and the Executive otherwise agree in writing, any determination required under this
Section 7(q) shall be made in writing by the Company’s independent public accountants (the “Accountants”), whose determination shall be conclusive and binding upon the Executive and the Company for all purposes. For purposes of
making the calculations required by this Section 7(q), the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of
Sections 280G and 4999 of the Code. The Company and the Executive shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section. The Company shall
bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section 7(q). 
 IN WITNESS
WHEREOF, the parties hereto have executed this Management Agreement on the date first above written. 
  

			
	SOLERA HOLDINGS, Inc.
		
	By:	 	 /s/    TONY AQUILA

	Name:	 	Tony Aquila
	Its:	 	Chief Executive Officer
	
	SOLERA, INC.
		
	By:	 	 /s/    TONY AQUILA

	Name:	 	Tony Aquila
	Its:	 	Chief Executive Officer

  

	
	 /s/    JASON BRADY

	JASON BRADY

 Signature Page to Management Agreement of Jason Brady

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