0001144204-10-035282 Sample Contracts

GARMIN LTD.
Restricted Stock Unit Award Agreement • June 28th, 2010 • Garmin LTD • Search, detection, navagation, guidance, aeronautical sys • Kansas

You have been granted restricted stock units ("RSUs") relating to the shares, CHF 10 par value per share, of Garmin Ltd. ("Shares"), subject to the terms and conditions of the Garmin Ltd. 2005 Equity Incentive Plan, as amended and restated on June 5, 2009 and on June 27, 2010 (the "Plan") and the Award Agreement between you and Garmin Ltd. (the "Company"), attached as Exhibit A. Accordingly, provided you satisfy the conditions set forth in this Notice of Grant and Exhibit A, the Company agrees to pay you Shares as follows:

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GARMIN LTD.
Performance Shares Award Agreement • June 28th, 2010 • Garmin LTD • Search, detection, navagation, guidance, aeronautical sys • Kansas

You have been granted performance shares ("Performance Shares") relating to the shares, CHF 10 par value per share, of Garmin Ltd. ("Shares"), subject to the terms and conditions of the Garmin Ltd. 2005 Equity Incentive Plan, as amended and restated on June 5, 2009 and on June 27, 2010 (the "Plan"), and the Award Agreement between you and Garmin Ltd. (the "Company"), attached as Exhibit A. Provided you satisfy the conditions set forth in this Notice of Grant and Exhibit A, the Company agrees to pay you Shares as follows:

TRANSACTION AGREEMENT
Transaction Agreement • June 28th, 2010 • Garmin LTD • Search, detection, navagation, guidance, aeronautical sys

THIS TRANSACTION AGREEMENT dated May 21, 2010 (this "Agreement"), is between Garmin Ltd., a Cayman Islands company ("Garmin Cayman"), and Garmin Ltd., a Swiss stock corporation having its registered seat in Schaffhausen, in the Canton of Schaffhausen, Switzerland ("Garmin Switzerland"). Each of Garmin Cayman and Garmin Switzerland is referred to herein as a "Party" and together as the "Parties."

Garmin Ltd. Amended and Restated 2000 Non-Employee Directors' Option Plan as amended and restated on June 27, 2010 Stock Option Agreement
Stock Option Agreement • June 28th, 2010 • Garmin LTD • Search, detection, navagation, guidance, aeronautical sys • Kansas

Garmin Ltd., (the “Company”), grants to __________________, an option (the “Option”) to purchase that number of the Company’s shares, CHF 10 par value per share (“Shares”), all subject to the terms and conditions, in the attached Exhibit A and in the Garmin Ltd. Amended and Restated 2000 Non-Employee Directors' Option Plan, as may from time to time be amended (the “Plan”), a copy of which is attached. Please refer to the Plan documents for definitions of terms used in this Agreement and Exhibit A.

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