July 21, 2009 Mr. Dale Arfman 16480 Reddington Drive Reddington Beach, FL 33708 Dear Mr. Arfman:Global Traffic Network, Inc. • July 28th, 2009 • Services-miscellaneous business services
This will confirm our agreement regarding the resignation of your employment at Global Traffic Network, Inc. (“GTN”) and your consulting arrangement with GTN and its related entities (the “Company”).
DEED OF AMENDMENT TO SHARE PURCHASE AGREEMENT RELATING TO THE UNIQUE BROADCASTING COMPANY LIMITEDGlobal Traffic Network, Inc. • July 28th, 2009 • Services-miscellaneous business services
Under the terms of a share purchase agreement entered into by the Parties and dated 1 February 2009 (“SPA”) the Seller sold to the Buyer the entire issued share capital of The Unique Broadcasting Company Limited (as it was then called). Under the terms of the SPA Seller is entitled to receive certain earn out consideration subject to the achievement of certain conditions (“Earn Out”).
