0000950137-07-002219 Sample Contracts

SEVERANCE AGREEMENT AND GENERAL RELEASE
Severance Agreement • February 14th, 2007 • Global Traffic Network, Inc. • Services-miscellaneous business services • New York

This Severance Agreement and General Release (“Agreement”) is made and entered into by and between Global Traffic Network, Inc. (the “Company”), a Delaware corporation having a corporate business headquarters at 800 Second Avenue, 5th Floor, New York, New York, and Kenneth A. Casseri (“Mr. Casseri”), a resident of the state of New York.

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AMENDMENT NO. 1 TO NON-COMPETE AND CONFIDENTIALITY AGREEMENT
Non-Compete and Confidentiality Agreement • February 14th, 2007 • Global Traffic Network, Inc. • Services-miscellaneous business services

This Amendment No. 1 to Non-Compete and Confidentiality Agreement (this “Amendment”) is made and entered into as of January 16, 2007 (the “Effective Date”) by and between Canadian Traffic Network ULC, an Alberta corporation (the “Company”) and an indirect wholly-owned subsidiary of Global Traffic Network, Inc., a Delaware corporation (“GTN”), and Ken Casseri (the “Employee”).

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