Document:

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                                                                    Exhibit 10.1

                                 PROMISSORY NOTE

U.S. $15,000,000                                              New York, New York
                                                              March 28, 2002

For value received, the undersigned NAVIGATION TECHNOLOGIES CORPORATION (the
"Borrower"), by this promissory note (hereinafter called the "Note") hereby
absolutely and unconditionally promises to pay to the order of ABN AMRO Bank
N.V. (the "Bank"), at its office located at 55 East 52nd Street, New York, NY
10055 (the "Payment Office") (or at such other place of payment and for such
other account as shall be designated by the Bank to the Borrower), on March 27,
2003 (the "Maturity Date") the principal sum of:

                           FIFTEEN MILLION US DOLLARS

      ($15,000,000), or if less, the unpaid principal amount of all loans (the
"Loans") made by the Bank to the Borrower under this Note, in lawful money of
the United States of America and in immediately available funds.

      The Borrower hereby further promises to pay to the order of the Bank, at
the Payment Office, interest on the unpaid principal amount of all Loans
evidenced hereby from the date thereof until the Maturity Date thereof (whether
by acceleration or otherwise), at such rates of interest as is set forth below
in this Note. This Note evidences, among other things, the obligation of the
Borrower to repay all Loans made hereunder by the Bank to the Borrower.

      From time to time from the date hereof up to (but not including) the
Maturity Date, so long as no Event of Default (as hereinafter defined) has
occurred and is continuing and the conditions to lending set forth herein have
been satisfied, at the request of the Borrower (which request shall be in
writing and delivered to the Bank, or made telephonically to the Bank and
confirmed in writing not fewer than two (2) Business Days (as hereinafter
defined) in the case of a US LIBOR Rate loan and one (1) Business Day in the
case of Prime Rate loans prior to the drawdown date of any Loan), the Bank shall
make Loans to the Borrower subsequent to the date hereof, and the Borrower may
borrow, repay, prepay and reborrow the funds available hereunder, provided that
the aggregate principal amount of all Loans outstanding hereunder shall in no
event exceed fifteen million dollars ($15,000,000).

      The entire unpaid principal (not at the time overdue) of this Note
outstanding shall bear interest at an annual rate which shall at all times be
equal to the Prime Rate (as hereinafter defined) in effect from time to time
during the period beginning on the date hereof and ending on

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the date on which the entire unpaid principal amount of this Note shall be paid
in full; provided, however, that if a US LIBOR Rate option is in effect with
respect to any principal amount outstanding hereunder, such principal amount
shall bear interest in accordance with the US LIBOR Rate provisions set forth in
the next paragraph.

      At the option of the Borrower, all or any portion of the unpaid principal
(not at the time overdue) of this Note outstanding shall bear interest at the US
LIBOR Rate (as hereinafter defined) plus a margin of thirty (30) basis points.
Requests for borrowings at or conversions from a Prime Rate loan to this pricing
option must be received at least one hour before the time for determining the
relevant rate. In addition, the Borrower agrees to indemnify the Bank and to
hold the Bank harmless from and against any direct loss, reasonable cost or
out-of-pocket expense that the Bank may sustain or incur as a consequence of (a)
the failure by the Borrower to pay the principal amount of or any interest on
any US LIBOR Rate borrowing as and when due and payable, including any such loss
or expense arising from interest or fees payable by the Bank to lenders of funds
obtained by it in order to maintain the US LIBOR Rate borrowings or (b) the
failure of the Borrower to make a borrowing or conversion after the Borrower has
given (or is reasonably deemed to have given) a loan or conversion request
relating thereto in accordance with this Note. The Bank's willingness to offer
the US LIBOR Rate option hereunder is subject to the availability of funding
sources and the continued legality of the Bank offering such pricing options.
The Borrower agrees to reimburse the Bank for any increased costs (taxes,
regulatory reserves or assessments, etc.) incurred by the Bank in connection
with borrowings at such pricing option.

      Interest on the Loans shall be due and payable on the last Business Day of
each Interest Period (provided, as to any Loan bearing interest at the US LIBOR
Rate in respect of which the Interest Period is more than three (3) months, the
date that is three (3) months from the first day of such Interest Period and, in
addition, the last day of such Interest Period), on the Maturity Date (whether
by acceleration or otherwise), and on the date of any payment hereon on the
amount paid and the Borrower promises to pay the holder hereof, all of the
unpaid interest accrued to the date of such payment on the unpaid principal
hereof. All interest payable hereunder shall be calculated on the basis of a
year of 360 days and actual days elapsed. On the Maturity Date, the Loans shall
become absolutely due and payable by the Borrower hereunder (without regard to
the length of any Interest Period in effect) and the Borrower hereby promises to
pay to the holder hereof, a payment in the amount equal to the outstanding
principal amount of the Loans under this Note, plus any and all accrued and
unpaid interest and all other amounts under this Note owing to the Bank. As used
herein: "BUSINESS DAY" shall mean any day other than a Saturday, a Sunday or a
day on which banks in New York City are required or permitted by law to close.
"US LIBOR RATE" shall mean the per annum rate of interest at which Dollar
deposits for such Interest Period are offered based on information presented on
Telerate Page 3750 as of 11:00 a.m. London time on the second Business Day prior
to the first day of such Interest Period, such rate to remain in effect for the
entire Interest Period. "FEDERAL FUNDS RATE" shall mean the average daily
Federal Funds Rate as published by the Federal Reserve Bank of New York in
Publication H.15 (or any successor thereto), or, if no such rate is published,
the per annum rate of interest at which overnight federal funds are from time to
time offered to the Bank by any bank in the interbank market in an amount equal
to the principal amount of the respective Loan, as determined in good faith by
the Bank. "PRIME RATE" shall mean the rate of interest equal to the higher
(redetermined

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daily) of (i) the per annum rate of interest announced by the Bank from time to
time at its principal office in New York City as its prime rate for U.S. dollar
loans (with any change in such Prime Rate to become effective as and when such
prime rate change shall become effective) or (ii) the Federal Funds Rate, plus
one half of one per cent (0.50 %) per annum. "INTEREST PERIOD" shall mean, as to
any Loan bearing interest at the Prime Rate, initially the period commencing on
the drawdown date of such loan and ending on the last day of the calendar
quarter, and thereafter on the last day of each subsequent calendar quarter, and
as to any Loan bearing interest at the US LIBOR Rate, successive one month,
three month, or six month periods (as selected from time to time by the Borrower
not less than two Business Days prior to the commencement of the respective
Interest Period); provided, however, that: (x) each such one month, three month
or six month period occurring after the initial such period shall commence on
the day on which the next preceding period expires; (y) the final Interest
Period shall be such that its expiration occurs on the maturity date of the
Loan; and (z) if for any reason the Borrower shall fail to timely select a
period, then it shall be deemed to have selected a one-month, period or such
shorter period as provided in clause (y).

      The Borrower agrees to pay to the Bank a commitment fee of thirteen (13)
basis points per annum on the average daily amount during each calendar quarter
or portion thereof from the date hereof to the Maturity Date by which the
Commitment (as hereinafter defined) exceeds the outstanding amount of the Loans
during such calendar quarter. The commitment fee shall be payable quarterly in
arrears on the last Business Day of each calendar quarter, commencing on the
first such date following the date hereof, with a final payment on the Maturity
Date or any earlier date on which the Commitment shall terminate. "COMMITMENT"
shall mean the Bank's obligation to make loans hereunder in an aggregate
principal amount of not more than $15,000,000, as such amount may be reduced
from time to time pursuant to the terms hereof.

      The Borrower shall have the right at any time and from time to time upon
two (2) Business Days prior written notice to the Bank to reduce by $500,000 or
an integral multiple thereof or terminate entirely the Commitment, whereupon the
Commitment shall be reduced by such amount. Upon the effectiveness of any such
reduction or termination, the Borrower shall pay to the Bank the full amount of
any commitment fee accrued on the amount of the reduction. No reduction or
termination of the Commitment may be reinstated.

      Each overdue amount (whether of principal, interest or otherwise) payable
on or in respect of this Note or the indebtedness evidenced hereby shall (to the
extent permitted by applicable law) bear interest, from the date on which such
amount shall have first become due and payable in accordance with the terms
hereof to the date on which such amount shall be paid to the holder of this Note
(whether before or after judgment), at the rate per annum equal to the higher
(redetermined daily) of (i) one percent (1%) per annum in excess of the interest
rate in effect with respect thereto just prior to the maturity thereof, or (ii)
one percent (1%) per annum in excess of the Bank's Prime Rate. The unpaid
interest accrued on each overdue amount in accordance with the foregoing terms
of this paragraph shall become absolutely due and payable by the Borrower to the
holder hereof on demand by the holder of this Note at any time. Interest on each
overdue amount will continue to accrue, as provided by the foregoing terms of
this paragraph until the obligations of the Borrower in respect of the payment
of such overdue amount shall be discharged (whether before or after judgment).

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      The Bank shall record on its books or records or on the schedule to this
Note which is a part hereof, the principal amount and date of each Loan made
hereunder, whether such Loan is a Prime Rate loan or a US LIBOR Rate loan, and
all payments of principal made thereon; provided, however, that prior to the
transfer of this Note all such information shall be recorded on the schedule
attached to this Note. The record thereof, whether shown on such books or
records or on the schedule to this Note, shall be conclusive and binding upon
the Borrower absent manifest error provided that the Bank has provided prior
written notice to the Borrower of such outstanding amount and the Borrower has
not notified the Bank of any objection to such amount within ten (10) Business
Days after receipt of such notice; provided, however, that the failure of the
Bank to record any of the foregoing or any error in so recording shall not limit
or otherwise affect the obligation of the Borrower to repay all Loans made
hereunder which remain outstanding, together with all accrued interest thereon
and all other amounts payable hereunder.

      All payments due and payable hereunder shall be made by the Borrower to
the holder hereof no later than 1 p.m. local time at the Payment Office, in
lawful money of the United States of America and in funds immediately available
and freely transferable at the Payment Office, without setoff or counterclaim
and free and clear of, and without deduction for, any present or future taxes,
levies, offsets, counterclaims or deductions of any nature whatsoever
("Deductions"). Payments received after such local time shall be deemed received
by the holder hereof on the next succeeding Business Day at such Payment Office.
In the event that the Borrower is compelled for any reason to make any
Deductions, it shall pay to the holder hereof such amounts (after giving effect
to all Deductions on all additional payments to be made hereunder) as will
result in the receipt by the holder hereof of the amount such holder would have
received had no such Deductions been required to be made. If any payment shall
fall due hereunder or on any Loan evidenced hereby on a day that is not a
Business Day for the holder hereof at the Payment Office, payment shall be made
on the next succeeding Business Day at such place of payment and interest
thereon shall be payable for such extended time.

      The Loans evidenced by this Note may be prepaid in whole or in part
without the prior written consent of the holder hereof, subject to payment by
the Borrower of any breakage costs associated with the prepayment of any US
LIBOR Rate loan prior to the end of the Interest Period relating thereto.

      The Borrower shall deliver to the Bank the following:

      (a)  as soon as practicable but in no event later than ninety (90) days
           after the end of each fiscal year of the Borrower, the consolidated
           balance sheet of the Borrower and its Subsidiaries as at the end of
           such year, and the related consolidated statement of income and
           consolidated statement of cash flow for such year, each setting forth
           in comparative form the figures for the previous fiscal year and all
           such consolidated statements to be in reasonable detail, prepared in
           accordance with generally accepted accounting principles, and
           reviewed by a nationally recognized independent certified public
           accountant;

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      (b)  as soon as practicable, but in any event not later than forty-five
           days after the end of each fiscal quarter of the Borrower, copies of
           the unaudited consolidated balance sheet of the Borrower and it
           Subsidiaries as at the end of such quarter, and the related
           consolidated statement of income and consolidated statement of cash
           flow for the portion of the Borrower's fiscal year then elapsed, all
           in reasonable detail and prepared in accordance with generally
           accepted accounting principles (except without any footnotes and
           subject to year end adjustments); and

      (c)  from time to time such other financial data and information
           (including accountants' management letters) as the Bank may
           reasonably request, provided that such other financial data and
           information is publicly available.

      This Note evidences the obligations of the Borrower (a) to repay the
principal amount of all loans made by the Bank to the Borrower hereunder, and
(b) to pay interest, as herein provided, on the principal amount hereof
remaining unpaid from time to time, (c) to pay all commitment fees owing
hereunder and (d) to repay all other amounts which may become due and payable
hereunder as herein provided (collectively, the "Obligations"). The parties
hereto hereby acknowledge and agree that the Obligations are guaranteed pursuant
to the terms of that certain Guaranty dated as of date hereof, from Koninklijke
Philips Electronics N.V. (the "Guarantor") to the Bank.

      In the event that (a) the Borrower shall be in default in the payment when
and as due of any principal amounts due and payable hereunder (whether by
acceleration or otherwise), unless any such nonpayment was due to a technical or
administrative error and full payment of all amounts owing is made within two
(2) Business days after notice of such non-payment was given by the Bank to the
Borrower; (b) the Borrower shall fail to pay any interest on the Loans or other
sums due hereunder or under any of the other documents executed in connection
herewith within three (3) Business Days after the same shall become due and
payable, whether at the stated date of maturity or any accelerated date of
maturity or at any other date fixed for payment (c) a default shall occur under
a payment obligation in excess of an amount of US $1,000,000 contained in any
agreement for borrowed money entered into with the Bank or the Guarantor shall
default in any provision of the Guaranty; (d) (i) the Borrower shall fail to pay
at maturity, or within any applicable period of grace, any obligation for
borrowed money or credit received, in an amount in excess of $1,000,000 or (ii)
the Guarantor shall fail to pay at maturity, or within any applicable period of
grace, any obligation for borrowed money or credit received, in an amount in
excess of $100,000,000 or (iii) the Guarantor shall fail to pay at maturity, or
within any applicable period of grace, any obligation to the Bank or any of its
affiliates for borrowed money or credit received, in an amount in excess of
$60,000,000; (e) if the Borrower, the Guarantor or any endorser or guarantor of
a material part of the liabilities of the Borrower or the Guarantor shall be
dissolved or shall become insolvent (however evidenced); (f) there occurs any
suspension of business of the Borrower or the Guarantor; (g) there occurs the
issuance of any warrant, process or order of attachment, garnishment or other
lien and/or filing of a lien as a result thereof against any of the property of
the Borrower having a value in excess of $10,000,000; (h) or there occurs the
making

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<PAGE>

by the Borrower, the Guarantor or any endorser or guarantor of a material part
of the liabilities of the Borrower or the Guarantor of an assignment for the
benefit of creditors or if either the Borrower or the Guarantor shall admit in
writing its inability to pay or generally fail to pay its debts as they come
due; (i) a trustee, custodian or receiver being appointed for the Borrower, the
Guarantor or any endorser or guarantor of a material part of the liabilities of
the Borrower or Guarantor or for a material part of the property of the Borrower
or Guarantor; or (j) any proceedings are being commenced by or against the
Borrower, the Guarantor or any endorser or guarantor of a material part of the
liabilities of the Borrower or Guarantor under any bankruptcy, reorganization
under any bankruptcy or insolvency proceedings, arrangement, insolvency,
readjustment of debt, receivership, liquidation or dissolution law or statute
(such events described in (a) - (j) hereunder being hereinafter referred to as
an "Event of Default"), then, upon the occurrence of any such Event of Default,
and at any time thereafter, the holder hereof may, by notice to the Borrower,
declare all amounts owing with respect to this Note to be, and they shall
thereupon forthwith become, immediately due and payable without presentment,
demand, protest or other notice of any kind, all of which are hereby expressly
waived by the Borrower; provided that in the event of any Event of Default
specified in paragraphs (h), (i) or (j) above, all such amounts shall become
immediately due and payable automatically and without any requirements of notice
from the Bank. In addition, upon the occurrence of any Event of Default, the
Bank shall have no obligation to make any additional Loans hereunder.

      The failure of the holder of this Note to exercise all or any of its
rights, remedies, powers or privileges hereunder in any instance shall not
constitute a waiver thereof in that or in any other instance.

      The Borrower represents and warrants to the Bank that: (a) the Borrower is
a corporation duly organized, validly existing and in good standing under the
laws of Delaware; (b) the Borrower has adequate corporate power and authority
and full legal right to carry on its business in which it is presently engaged
and will be engaged upon consummation of the transactions contemplated hereby;
and (c) all necessary corporate action has been taken to execute and deliver
this Note and to make the borrowings hereunder.

      The Borrower hereby agrees to indemnify the holder against any direct
loss, reasonable cost or out-of-pocket expense incurred by such holder in
connection with this Promissory Note and any Loans evidenced hereby and the
exercise of any and all rights pertaining thereto, including, without
limitation, all court costs, reasonable attorney's fees and other costs of
collection. No delay on the part of the holder hereof in exercising any of its
options, powers or rights, or partial or single exercise thereof shall
constitute a waiver thereof. Demand of payment of this Note shall be
sufficiently made upon the Borrower by written, telex, or telegraphic notice
given by or on behalf of the holder to the Borrower at its last known address.
In no event shall the Borrower be liable for any indirect or consequential
damages.

      The Borrower hereby irrevocably waives notice of acceptance, presentment,
notice of nonpayment, protest, notice of protest, suit and all other conditions
precedent in connection with the delivery, acceptance, collection and/or
enforcement of this Note or any collateral or security therefor. The Borrower
and the Bank hereby absolutely and irrevocably consents and submits to

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the jurisdiction of the Courts of the State of New York and of any Federal Court
located in the said State of New York in connection with any actions or
proceedings brought against the Borrower by the Bank arising out of or relating
to this Note.

      The Borrower shall use the proceeds of the loans made by the Bank to the
Borrower pursuant to this Note for general corporate and working capital
purposes. No portion of this loan is to be used for the purpose of purchasing or
carrying any "margin stock" or "margin security" as such terms are used in
Regulation U and X of the Board of Governors of the Federal Reserve System (2
C.F.R. Parts 221 and 224).

      The Borrower hereby agrees, at the Borrower's own expense, to execute and
deliver, from time to time, any and all further, or other, instruments, and to
perform such acts, as the Bank may reasonably request to effect the transactions
contemplated by this Note and to provide to the Bank the benefits of all rights,
authorities and remedies conferred upon the Bank by the terms of this Note.

      This Note is intended by the parties as the final, complete and exclusive
statement of the transactions evidenced by this Note. All prior or
contemporaneous promises, agreements and understandings, whether oral or
written, are deemed to be superceded by this Note, and no party is relying on
any promise, agreement or understanding not set forth in this Note. This Note
may not be amended or modified except by a written instrument describing such
amendment or modification executed by the Bank, the Borrower and the Guarantor.

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<PAGE>

      This Promissory Note and the Loans evidenced hereby shall be governed by
and construed in accordance with the laws of the State of New York, without
giving effect to choice of law or conflicts of laws principles.

                                     Navigation Technologies Corporation

                                     By: /s/ Judson Green
                                       -----------------------------------------

                                     Its: President and Chief Executive Officer

                                     By: /s/Lawrence Chesler
                                       -----------------------------------------

                                     Its: Vice President Corporate Affairs
                                          --------------------------------------

ACCEPTED AND ACKNOWLEDGED:

ABN AMRO BANK N.V.

By: /s/ Jana Dombrowski
    ----------------------------
Title:  Vice President

By: /s/ Lynn R. Schade
    ----------------------------
Title:  Group President

                                       8
<PAGE>
                                 PROMISSORY NOTE

         LOANS, INTEREST RATES, MATURITY DATES AND PAYMENTS OF PRINCIPAL

<TABLE>
<CAPTION>
Date of        Amount      Applicable                     Amount of       Unpaid       Initials of
Loan or          of         Interest        Maturity      Principal      Principal    Person Making
Payment         Loan          Rate            Date         Payment        Balance        Notation
-----------------------------------------------------------------------------------------------------
<S>            <C>         <C>              <C>            <C>           <C>          <C>

</TABLE>

                                       9<PAGE>
                                                                    Exhibit 10.2

               [letterhead of Navigation Technologies Corporation]

To:   Koninklijke Philips Electronics N.V.
      F.a.o. Corporate Treasury Department
      Breitner Center, Building HBT 12
      1070 MX Amsterdam
      The Netherlands

                                                                   Date: 3/28/02

                                                           Number:..............

Dear Sirs,

In consideration of you granting a guarantee, dated March 28, 2002 with
reference 9335 to ABN AMRO Bank N.V. for our obligations under any loan
agreements entered into on the terms and conditions set out in the letter of
March 28, 2002 and the Promissory Note of March 28, 2002 as referred to in the
guarantee (which guarantee is attached to this letter in the form of a final
draft, conformed copy or copy of the executed version, initialed by us for
identification purposes, hereinafter the "Guarantee").

We herewith irrevocably guarantee payment to you of all sums paid by you in
accordance with the Guarantee which payment will be effected without undue delay
upon receipt by us of a written request for payment substantially in the form as
attached to this counter guarantee. Such payment shall be made to the account
identified in the request for payment.

Within five business days after the signing hereof, we will pay you a fee equal
to 12,5 basis points over the Amount as defined in the Guarantee, which fee will
therefore amount to US$ 18,750 (eighteen thousand seven hundred and fifty US
Dollars).

Any payments by us hereunder shall be made free and clear of transfer taxes,
withholding taxes or similar charges.

The aforementioned obligations cannot be cancelled or terminated by us. This
letter shall be governed by and construed in accordance with the laws of The
Netherlands. Any dispute arising hereunder or in connection herewith shall be
submitted in first instance to the District Court of Amsterdam, The Netherlands.

Navigation Technologies Corporation

/s/ Judson Green

<PAGE>
                [KONINKLIJKE PHILIPS ELECTRONICS N.V. LETTERHEAD]

ABN AMRO Bank N.V.                                          Tel: +31 20 59 77335
Gustav Mahlerlaan 10                                        Fax: +31 20 59 77350
1082 FP Amsterdam

     RE: LETTER OF GUARANTEE
                                                            REF: 9335
                                                            DATE: 2002-03-28

Dear Sirs:

     In consideration of the fact that Navigation Technologies Corporation (the
"Company") has entered or may enter into loan agreement on the terms and
conditions set out in the letter of March 28, 2002 and the Promissory Note of
March 28, 2002 (together hereafter referred to as the "Agreement") with ABN AMRO
Bank N.V. (the "Beneficiary") for an aggregate maximum amount in principal of US
$15,000,000 (fifteen million US Dollars) (the "Amount") (which Agreement is as
attached to this Guarantee in the form of a copy of executed version initialed
by us for identification purposes), we Koninklijke Philips Electronics N.V. (the
"Guarantor"), herewith irrevocably and unconditionally, subject to the terms and
conditions contained in this Guarantee, guarantee to pay to the Beneficiary,
upon receipt of the Beneficiary's first written demand requesting for payment
duly completed and executed by the Beneficiary, such part of the Amount that is
equal to the amount that is due by the Company in accordance with the Agreement
which the Company failed to pay on the due date(s). Such demand for payment
shall state the amount requested and contain a description of the breach of the
Agreement for which this Guarantee is called. Notwithstanding anything contained
herein or in any other document, our total cumulative liability under this
Guarantee shall never exceed the Amount.

     Any payment to the Beneficiary hereunder, will be effected to the account
identified in the request. We agree to pay to the Beneficiary as soon as
reasonably possible in full the sum or sums in the currency so demanded without
set-off or counter-claim and free and clear of any deduction or withholding on
account of any present or future taxes, levies, imposts, duties or charges of
any nature whatsoever.

     Our liability under this Guarantee will be automatically reduced for the
same amount as the obligation of the Company to repay the Amount is reduced in
accordance with the terms of the Agreement.

     This Guarantee shall become effective as from the date the Amount has been
received by the Company and shall remain in effect until the earlier of 1) its
expiration date, being March 28, 2003, 2) the date following two weeks upon
receipt by the Beneficiary of written notice from us

<PAGE>
                                                            Ref: 9335
                                                            Date: 2002-03-28
                                                            Page 2

stating that we will effectively cease to own directly or indirectly more than
fifty percent of the outstanding share capital of the Company or that we
otherwise cease or will cease to control the Company (the "Effective Revocation
Date") at the address shown above, which notice has been dispatched by
registered or certified mail or 3) such earlier date as the Beneficiary has
notified us that the obligations of the Company to repay the Amount have
terminated as stated in the Agreement (the "Notification Date").

     Our liability under this Guarantee shall automatically terminate on the
earlier of either March 28, 2003 or the Effective Revocation Date or the
Notification Date, unless and to the extent that a valid request for payment of
an amount payable hereunder has been received by us prior to that date. Such
termination of our liability shall occur irrespective of whether or not the
original of this Guarantee has been returned to us.

     This Guarantee is personal to the Beneficiary and cannot be assigned or
transferred to any other party, without our prior written consent.

     Upon expiry as aforesaid, you are kindly requested to return the original
copy of this Guarantee to us at our abovementioned address by courier or
registered mail.

     This Guarantee shall be governed by and construed in accordance with the
laws of the Netherlands. Any dispute arising hereunder or in connection herewith
shall be submitted in first instance exclusively to the jurisdiction of the
courts of Amsterdam, the Netherlands.

KONINKLIJKE PHILIPS ELECTRONICS N.V.

/s/ P.J.W.M. Warmerdam                                   /s/ A.J.A. Rube
----------------------                                   -----------------------
P.J.W.M. Warmerdam                                       A.J.A. Rube

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