EXHIBIT 10.8
AMENDMENT NO. 1 TO
RADIO LOCATION SYSTEM LICENSE AGREEMENT
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THIS AMENDMENT NO. 1 TO RADIO LOCATION SYSTEM LICENSE AGREEMENT (this
"Amendment"), dated this [ ] day of May, 2000, is made by and between TELETRAC,
INC., a Delaware corporation ("TI") and Teletrac License Inc., a Delaware
corporation ("TLI"), and ITURAN USA, INC., a Delaware corporation ("Licensee").
THIS AMENDMENT NO. 1 amends the RADIO LOCATION SYSTEM LICENSE AGREEMENT (the
"License Agreement"), dated the 13th day of July, 1999, made by and between TI,
TLI and Licensee.
WHEREAS, Licensee desires to purchase TI's vehicle location services business in
the Orlando and Miami metropolitan areas.
NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties agree as follows:
1. Section 1.25 of the License Agreement is hereby amended to read in its
entirety as follows:
"1.25 "Territory" shall mean the New York, Washington D. C., Miami and Orlando
metropolitan areas."
2. This Amendment is made part of the License Agreement and is subject to the
terms thereof. The terms of the License Agreement are, other than set forth
herein, in all respects ratified and affirmed by the parties hereto.
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IN WITNESS WHEREOF, the Parties executed and delivered this Amendment as of the
day and year first above written.
TELETRAC, INC.
By: /s/ Xxxxxx X. Xxxxxxx
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Print Name: Xxxxxx X. Xxxxxxx
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Title: Secretary
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Date: May 8, 2000
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TELETRAC LICENSE, INC.
By: /s/ Xxxxxx X. Xxxxxxx
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Print Name: Xxxxxx X. Xxxxxxx
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Title: Secretary
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Date: May 8, 2000
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ITURAN USA, INC.
By: /s/ Easi Sheratzki
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Print Name: Easi Sheratzki
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Title: President
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Date: May 8, 2000
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