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EXHIBIT 10.1 LICENSE AND SERVICES AGREEMENT This
License and Services Agreement is entered into as of
December 22, 2008 (the " Effective Date "), by and
between TrafficLand, Inc., with offices located at 11208 Waples
Mill Drive, Suite 109, Fairfax, VA 22030 (" TrafficLand
") and Metro Networks Communications, Inc., with offices located at
40 West 57th Street, 5th Floor, New York, NY 10019 ("
Network ") (each, a " Party " and together, the "
Parties "). Recitals A. Concurrent with the
execution of this License and Services Agreement, TrafficLand, WWO
(as defined below), TLAC, Inc., a Delaware corporation and wholly
owned subsidiary of WWO (" Merger Sub "), P. Richard
Zitelman, in his capacity as Stockholder Representative (the "
Stockholder Representative "), and certain other parties
named therein, have executed and delivered that certain Option
Agreement, dated as of the date hereof (the " Option
Agreement "), pursuant to which WWO, at its sole election, and
provided that WWO satisfies the conditions precedent
to exercise of the option set forth therein (the " Option
"), has a right to cause the release from escrow of an agreement
and plan of merger (the " Merger Agreement "), providing for
(a) the merger of Merger Sub with and into TrafficLand (the "
Merger "), with TrafficLand continuing as the surviving
company of the Merger and as a wholly owned subsidiary of WWO, and
(b) the payment of cash and the delivery of securities to
stockholders of TrafficLand in consideration of the Merger;
B. As a material inducement for TrafficLand and the
Stockholder Representative to enter into the Option Agreement and
grant to WWO the Option, Parent has caused Network to enter into
this License and Services Agreement and has caused Network to agree
to the terms and conditions hereof, including, without limitation,
the payment to TrafficLand of certain fees described herein. In
consideration of the mutual promises and covenants contained
herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, TrafficLand and
Network, intending to be legally bound, agree as follows: 1.0
DEFINITIONS 1.1 Definitions . As used herein, the
following terms shall have the meanings set forth below: "2010
Threshold Amount" means that (a) the TrafficLand Revenue
Share earned by TrafficLand during the 2010 Contract Year is no
less than $1,000,000 or (b) Network has entered into Customer
Agreements which according to the terms of such agreements (barring
cancellation, termination or other event beyond Network’s
control) will provide no less than $2,500,000 in TrafficLand
Revenue Share during the 2010 Contract Year or later contract
years. "Active MSA" means those MSAs listed in
Exhibit A, Item 1 and any Future MSA in which
Licensed Content becomes available during the Term. "Advertising
Inventory" has the meaning ascribed to it in
Section 4.1 .
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"Affiliated Entities" means the affiliated, parent and
subsidiary companies of Network but which do not include Network
Affiliates. "Agreement" means this License and Services
Agreement and all Exhibits hereto (which are incorporated herein
and made a part hereof), and all amendments to any of the
foregoing. "Aggregate Licensed Amount" has the meaning
ascribed to it in Section 5.3(e). "Broadcast 3.0" means
an enhancement of the Licensed Content which is created by
TrafficLand and that enables users to trace or "fly-over"
user-specified driving routes through a combination of 3-D graphics
and live traffic camera shots (and which shall include any other
graphics package developed by TrafficLand as a replacement or
substitute for the proposed "fly-over" product). "Broadcast 3.0
Fee" has the meaning ascribed to it in
Section 5.3(b) . "Broadcast Customer" means any
Exclusive Entity which enters into an agreement with Network, WWO
or any of its affiliated entities to receive the Broadcast Product
and/or the VDS. "Broadcast Product" means the Licensed
Content, including all local, regional and national content,
formatted, compressed, modified and adapted for use on broadcast,
cable and satellite television. "Broadcast Product Fee" has
the meaning ascribed to it in Section 5.3(a) .
"Contract Year" means a twelve (12) month consecutive
period of time beginning on the Effective Date and each anniversary
thereof occurring during the Term. "Customer Agreement" has
the meaning ascribed to it in Section 2.5 .
"Customization" has the meaning ascribed to it in
Section 3.1(b) . "Disclosing Party" has the
meaning ascribed to it in Section 6.1(a) .
"Documentation" means (a) the specifications and
description of the Products provided in this Agreement and all
Exhibits thereto and (b) any additional written documentation
related to the Products and any Update that TrafficLand provides to
Network, including all technical documentation, user manuals and
demonstration materials. "DOT" means a Department of
Transportation (or similar regulatory body, department or agency)
of any government, state, province or other political subdivision
thereof, of the United State of America, any foreign government,
any state of the United States of America, or any municipality or
other political subdivision thereof. "DOT Services" has the
meaning ascribed to it in Section 3.1(f) .
"Exclusive Entities" means any terrestrial, satellite or
digital radio station, any broadcast, cable or satellite television
station and any newspaper. "Exclusive Period" means for each
and every period of time during the Term of this Agreement in which
Network has paid for the privilege of exclusive rights as described
more fully in Section 2.3(d) .
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"Fee" has the meaning ascribed to it in
Section 5.1 . "First February 20 Payment"
has the meaning ascribed to it in Section 2.3(d)(iii) .
"First January 31 Payment" has the meaning ascribed to
it in Section 2.3(d)(ii) . "First June 30
Payment" has the meaning ascribed to it in
Section 2.3(d)(v) . "Future MSA" means those
MSAs listed in Exhibit D, Item 1 . "Gross
Advertising Revenue" means all money and other revenue actually
collected by Network during each Contract Year from the sales of
Advertising Inventory. "Indemnified Party" has the meaning
ascribed to it in Section 7.6 . "Indemnifying
Party" has the meaning ascribed to it in
Section 7.6 . "Intellectual Property Rights"
means all intellectual property and other similar proprietary
rights, in any jurisdiction, whether owned or held for use under
license, including such rights in and to: (a) trade secrets,
know-how and other confidential or non-public business information;
(b) original works of authorship, whether copyrightable or not;
copyrights and any moral rights relating thereto;
(c) trademarks, service marks, trade dress and other
indications of origin; (d) patent rights, inventors’
certificates and invention disclosures; and (e) computer
systems, including programs, software, object and source code,
databases, algorithms, and documentation therefore in each case
including all copyrights therefore. "Initial Payment" has
the meaning ascribed to it in Section 2.1 . "Initial
Period" means the period beginning upon the Effective Date and
ending on December 31, 2009. "Licensed Content" means
the content provided by TrafficLand to Network, as further
described in Exhibit A , including all text, data,
images, materials, video feeds and other content, and any Updates
thereto, which shall be at least equivalent in quality and
geographic scope as the content available at www.trafficland.com.
"Merger Agreement" has the meaning ascribed to it in the
Recitals. "MSA" means a metropolitan statistical area as
determined by the census bureau and as specifically set forth in
Exhibit H . "Nationwide Customer" has the
meaning ascribed to it in Exhibit C, Part II .
"Net Advertising Revenue" means the Gross Advertising
Revenue less all actual costs incurred by Network in connection
with selling the Advertising Inventory, including third party
agency commissions, if any (not to exceed 15%). "Network
Affiliate" means any of the entities listed on Exhibit K
and any additional entity which enters into an agreement with
Network for any Product during the Exclusive Period. "Network
Cameras" has the meaning ascribed to it in
Section 3.1(d)(i) .
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"Network Camera Content" has the meaning ascribed to it
in Section 3.1(d)(i) . "Network Contacts" has
the meaning ascribed to it in Section 2.3(e) .
"Network Product" means Network’s products and
services, including Network’s "Real Traffic" products,
traffic anchor services and traffic graphics packages, all as may
be offered by Network from time to time but which for purposes of
this definition shall not include Products. "New
Application" has the meaning ascribed to it in
Section 3.2 . "New Offering" has the meaning
ascribed to it in Section 2.3(g)(ii) . "Non-Cash
Amounts" has the meaning ascribed to it in
Section 5.3(f)(iii) . "Notice" has the meaning
ascribed to it in Section 9.2 . "Out-of-Territory
Content" has the meaning ascribed to it in
Section 2.3(g)(i) . "Party" or "party"
means either one of the parties hereto and "Parties" or "parties"
means both of the parties hereto. "Prepayment" has the
meaning ascribed to it in Section 5.2 .
"Products" means, collectively, the Broadcast Product, the
Web Product and the VDS and all Updates thereto. "Project
Manager" has the meaning ascribed to it in
Section 9.3 . "Rate Card" means the rates as set
forth opposite each applicable Product in the chart provided in
Exhibit I . "Receiving Party" has the meaning
ascribed to it in Section 6.1(a) . "Refresh
Rate" means the interval in which the Licensed Content will be
refreshed/made current. "Rights" has the meaning ascribed to
it in Section 2.3(d)(i) . "Second February 20
Payment" has the meaning ascribed to it in
Section 2.3(d)(iv) . "Second February 20
Payment — Discounted Basis" has the meaning ascribed to
it in Section 2.3(d)(iv) . "Second February 20
Payment — Non-Discounted Basis" has the meaning ascribed
to it in Section 2.3(d)(iv) . "Second January 31
Payment" has the meaning ascribed to it in
Section 2.3(d)(iv) . "Second January 31 Payment
— Discounted Basis" has the meaning ascribed to it in
Section 2.3(d)(iv) .
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"Second January 31 Payment — Interim
Non-Discounted Basis" has the meaning ascribed to it in
Section 2.3(d)(iv) . "Second January 31 Payment
— Final Non-Discounted Basis" has the meaning ascribed to
it in Section 2.3(d)(iv) . "Second June 30
Payment" has the meaning ascribed to it in
Section 2.3(d)(v) . "Second June 30 Payment
— Non-Discounted Basis" has the meaning ascribed to it in
Section 2.3(d)(v) . "Second June 30 Payment —
Discounted Basis" has the meaning ascribed to it in Section
2.3(d)(v) . "Statement of Work" has the meaning ascribed
to it in Section 3.1(b) . "Term" has the meaning
ascribed to it in Section 8.1 . "Territory"
means the United States and Canada and all of their respective
territories. "Testing Period" has the meaning ascribed to it
in Section 3.1(c) . "Third Party" means a person
or entity other than a Party or its affiliates. "TrafficLand
Existing Agreements" means those agreements entered into
between TrafficLand and a customer prior to the Effective Date with
respect to the Licensed Content and/or the VDS and set forth on
Exhibit C, Part I which exhibit states the name of
the parties thereto, the date of the agreement and the expiration
date. "TrafficLand Existing Customer" means a Third Party
which is a party to a TrafficLand Existing Agreement.
"TrafficLand Marks" means the trademarks, service marks and
logos specified in Exhibit B . "TrafficLand
Patents" has the meaning ascribed to it in
Section 3.4 . "TrafficLand Services" has the
meaning ascribed to it in Section 3.1 . "TrafficLand
Revenue Share" has the meaning ascribed to it in
Section 5.3(e) . "TrafficLand Terms and
Conditions" are as set forth in Exhibit L attached
hereto. "Update" means updates, refreshes, corrections and
other modifications to the Licensed Content and those updates set
forth in Exhibit D . "VDS" means those services
described in Section 3.1(e) and Exhibit E .
"VDS Fee" has the meaning ascribed to it in
Section 5.3(d) . "Web Customer" means any
Exclusive Entity which enters into an agreement with Network (or
its affiliates) to receive the Web Product.
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"Web Product Fee" has the meaning ascribed to it in
Section 5.2(c) . "Web Product" means the
Licensed Content, including all local, regional and national
content, formatted, compressed, modified and adapted for use on any
digital media platform or player, whether now existing or hereafter
developed, including handheld mobile devices and GSM or
CDMA-enabled devices. "WWO" means Westwood One, Inc., parent
company of Network. 2.0 LICENSE 2.1 License .
Upon complete execution hereof by the parties and payment by
Network to TrafficLand of Seven Hundred and Fifty Thousand Dollars
($750,000) (" Initial Payment ") TrafficLand hereby grants
to Network (and its Affiliated Entities) and Network hereby
accepts, on behalf of itself and its Affiliated Entities, a
royalty-free, non-exclusive (subject to Section 2.3(d) )
right and license in the Territory during the Term (as certain
rights may be extended pursuant to Section 8.7 ) to
(a) use, copy, distribute, create derivative works based on,
publicly perform (including by digital transmission), display,
host, reformat, compile and modify the Licensed Content and the
Products solely for Network’s own use and in connection with
the marketing, distributing, licensing, exhibiting and exploiting
the Licensed Content and the Products to Broadcast Customers and
Web Customers as described in Sections 2.3 (a), 2.3(b)
and 2.3(c) , and (b) use the TrafficLand Marks in
connection with the promotion and distribution of the same. This
License includes the right to market and distribute the Licensed
Content and Products as otherwise provided for herein, and to
bundle the Licensed Content and Products into Network Products,
provided, however, that in no event will Network modify the
Licensed Content other than to include in a Product in the format
delivered by TrafficLand to show either J-PEG or streaming images
of traffic (or any upgrades thereto) and all attendant images
thereto. 2.2 License Limitations . Where Network
displays any of the Licensed Content and Products, Network must
comply with the TrafficLand Terms and Conditions. 2.3
Rights Granted; Exclusivity . (a) Broadcast
Product . The rights granted to Network (and its Affiliated
Entities) herein include the exclusive right (which right shall
remain exclusive subject to satisfaction of the conditions set
forth in Section 2.3(d) , below) to market, promote,
offer for sale, sell, distribute and sublicense the Broadcast
Product, either alone or in combination with any Network Product,
to Exclusive Entities. To the extent the term of any Customer
Agreement extends beyond the expiration or earlier termination of
this Agreement, the rights granted under this
Section 2.3(a) with respect to such Customer Agreement
shall continue until the date of expiration or earlier termination
of such Customer Agreement in accordance with Section 8.7 .
(b) Web Product . The rights granted to Network
(and its Affiliated Entities) herein include the exclusive right
(which right shall remain exclusive subject to satisfaction of the
conditions set forth in Section 2.3(d) , below) to
market, promote, offer for sale, sell, distribute and sublicense
the Web Product either alone or in combination with any Network
Product, to Exclusive Entities. To the extent the term of any
Customer Agreement extends beyond the expiration or earlier
termination of this Agreement, the rights granted under this
Section 2.3(b) with respect to such Customer Agreement shall
extend until the date of expiration or earlier termination of such
Customer Agreement in accordance with Section 8.7 .
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(c) VDS . The rights granted to Network (and
its Affiliated Entities) herein include the exclusive right (which
right shall remain exclusive subject to satisfaction of the
conditions set forth in Section 2.3(d) , below) to
market, promote, offer for sale, sell, distribute and sublicense
VDS, either alone or in combination with any Network Product, to
Broadcast Customers and Web Customers. To the extent the term of
any Customer Agreement extends beyond the expiration or earlier
termination of this Agreement, the rights granted under this
Section 2.3(c) with respect to such Customer Agreement
shall extend until the date of expiration or earlier termination of
such Customer Agreement in accordance with Section 8.7
. (d) Exclusivity; Payments Due . (i)
Initial Payment . Upon payment of the Initial Payment, the
rights granted to Network set forth in Sections 2.3(a),
2.3(b) and 2.3(c) (collectively, the " Rights ")
shall be exclusive for the period from the date hereof through and
including January 31, 2009 and the exclusivity of the Rights
granted hereunder shall terminate automatically without notice on
February 1, 2009 and shall not be extended except pursuant to
Section 2.3(d)(ii) . (ii) First
January 31 Payment . If the Initial Payment is timely
made, Network shall have the sole and exclusive right to purchase
an extension of the Exclusive Period by paying to TrafficLand an
additional $750,000 on or before January 31, 2009 (the "
First January 31 Payment "). Provided that the First
January 31 Payment is made, the Rights shall be exclusive for
the period from February 1, 2009 through and including
February 20, 2009 and the exclusivity of the Rights granted
hereunder shall terminate automatically without notice on
February 21, 2009 and shall not be extended except pursuant to
Section 2.3(d)(iii) . For the avoidance of doubt, in
the event that Network fails to purchase an extension of the
Exclusive Period under this Section 2.3(d)(ii) by paying the
First January 31 Payment on or before January 31, 2009,
(I) the exclusivity of the Rights granted hereunder shall
terminate automatically without notice on February 1, 2009 and
shall not be extended, (II) this Agreement shall remain in
full force and effect, but the Rights granted to Network hereunder
shall remain non-exclusive for the remainder of the Term, and (III)
Sections 2.3(d)(iii), 2.3(d)(iv) and 2.3(d)(v)
shall be disregarded. (iii) First February 20
Payment . If the Initial Payment and First January 31
Payment are timely made, Network shall have the sole and exclusive
right to purchase an extension of the Exclusive Period by paying to
TrafficLand an additional $750,000 on or before February 20,
2009 (the " First February 20 Payment "). Provided that
the First February 20 Payment is made, the Rights shall be
exclusive for the period from February 21, 2009 through and
including April 30, 2009 and the exclusivity of the Rights
granted hereunder shall terminate automatically without notice on
May 1, 2009 and shall not be extended except pursuant to
Section 2.3(d)(iv) . For the avoidance of doubt, in the
event that Network fails to purchase an extension of the Exclusive
Period under this Section 2.3(d)(iii) by paying the
First February 20 Payment on or before February 20, 2009,
(I) the exclusivity of the Rights granted hereunder shall
terminate automatically without notice on February 21, 2009
and shall not be extended, (II) this Agreement shall remain in
full force and effect, but the Rights granted to Network hereunder
shall remain non-exclusive for the remainder of the Term, and (III)
Sections 2.3(d)(iv) and 2.3(d)(v) shall be
disregarded.
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(iv) Second January 31 Payment and Second
February 20 Payment . If the Initial Payment, First
January 31 Payment and First February 20 Payment are
timely made, Network shall have the sole and exclusive right to
purchase an extension of the Exclusive Period by paying to
TrafficLand (A) either (I) an additional sum of $750,000
on or before January 31, 2009 (the " Second January 31
Payment — Discounted Basis ", (II) an additional sum
of $755,000 on or before February 20, 2009 (the " Second
January 31 Payment — Interim Non-Discounted Basis ")
or (III) an additional sum of $780,000 on or before
April 30, 2009 (the " Second January 31 Payment
— Final Non-Discounted Basis " and, together with the
Second January 31 Payment —Discounted Basis and the
Second January 31 Payment — Interim Non-Discounted
Basis, the " Second January 31 Payment ") and
(B) either (IV) an additional sum of $750,000 on or
before February 20, 2009 (the " Second February 20
Payment — Discounted Basis ") or (V) an additional
sum of $767,500 on or before April 30, 2009 (the " Second
February 20 Payment — Non-Discounted Basis " and,
together with the Second February 20 Payment —
Discounted Basis, the " Second February 20 Payment ").
Provided that the Second January 31 Payment and the Second
February 20 Payment are made, the Rights shall be exclusive
for the period from May 1, 2009 through and including December
31, 2010 and the exclusivity of the Rights granted hereunder shall
terminate automatically without notice on January 1, 2011 and
shall not be extended except pursuant to
Section 2.3(d)(v) . For the avoidance of doubt, in the
event that either (C) Network fails to purchase an extension
of the Exclusive Period under this Section 2.3(d)(iv)
by paying the Second January 31 Payment - Discounted Basis on
or before January 31, 2009, fails to purchase an extension of
the Exclusive Period under this Section 2.3(d)(iv) by
paying the Second January 31 Payment — Interim
Non-Discounted Basis on or before February 20, 2009, and fails
to purchase an extension of the Exclusive Period under this
Section 2.3(d)(iv) by paying the Second January 31
Payment — Final Non-Discounted Basis on or before
April 30, 2009, or (D) Network fails to purchase
an extension of the Exclusive Period under this
Section 2.3(d)(iv) by paying the Second
February 20 Payment — Discounted Basis on or before
February 20, 2009 and fails to purchase an extension of the
Exclusive Period under this Section 2.3(d)(iv) by
paying the Second February 20 Payment — Non-Discounted
Basis on or before April 30, 2009, then (X) the
exclusivity of the Rights granted hereunder shall terminate
automatically without notice on May 1, 2009 and shall not be
extended, (Y) this Agreement shall remain in full force and
effect, but the Rights granted to Network hereunder shall remain
non-exclusive for the remainder of the Term, and (Z)
Section 2.3(d)(v) shall be disregarded. (v)
First June 30 Payment and Second June 30 Payment .
If the Initial Payment, First January 31 Payment, Second
January 31 Payment, First February 20 Payment and Second
February 20 Payment are timely made, Network shall have the
sole and exclusive right to purchase an extension of the Exclusive
Period by paying to TrafficLand (A) an additional sum of
$1,375,000 (the " First June 30 Payment ") on or before
June 30, 2009 and (B) either (I) an
additional sum of $1,375,500 on or before June 30, 2009 (the "
Second June 30 Payment — Discounted Basis ") or
(II) an additional sum of $1,403,000 (the " Second
June 30 Payment — Non-Discounted Basis " and,
together with the Second June 30 Payment —Discounted
Basis, the " Second June 30 Payment ") on or before
August 31, 2009. Provided that the First June 30 Payment
and the Second June 30 Payment are made, the Rights shall be
exclusive for the period from January 1, 2011 through and
including December 31, 2011 and the exclusivity of the Rights
granted hereunder shall terminate automatically without notice on
January 1, 2012 and shall not be extended except pursuant to
Section 2.3(d)(vi) . For the avoidance of doubt, in the
event that either (C) Network fails to purchase an extension
of the Exclusive Period under this Section 2.3(d)(v) by
paying the First June 30 Payment on or before June 30,
2009 or (D) Network fails to purchase an extension of the
Exclusive Period under this Section 2.3(d)(v) by paying
the Second June 30 Payment — Discounted Basis on or
before June 30, 2009 and fails to purchase an extension of the
Exclusive Period under this Section 2.3(d)(v) by paying
the Second June 30 Payment — Non-Discounted Basis on or
before August 31, 2009, then (X) the exclusivity of the
Rights granted hereunder shall terminate automatically without
notice on December 31, 2010 and (Y) this Agreement shall
remain in full force and effect, but the Rights granted to Network
hereunder shall remain non-exclusive for the remainder of the
Term.
Page 8
(vi) Further Exclusivity Arrangements .
Notwithstanding any provision herein to the contrary, with respect
to the exclusivity provisions provided herein, the following shall
apply: (I) In the event that (A) WWO exercises the
Option, (B) the Merger Agreement is entered into, (C) the
Merger Agreement is terminated pursuant to
Section 10.1(a)(vi) of the Merger Agreement and
(D) Network has paid all of the amounts due under
Sections 2.3(d)(i) — (v) prior to such
termination, then (x) the Exclusive Period automatically shall
extend until December 31, 2012, and (y) the Term automatically
shall extend until December 31, 2012; and (II) Subject to
Section 2.4(b) , in the event that Network has paid all
amounts due under Sections 2.3(d)(i) — (v ) and
(A) the Exclusive Period extends until December 31, 2011
(as otherwise provided herein), then Network agrees that
notwithstanding anything to the contrary, if Network shall fail to
meet the 2010 Threshold Amount on or before December 31, 2010
then the Exclusive Period granted hereunder shall terminate
automatically without notice on December 31, 2010, or
(B) the Term of the exclusivity extends until
December 31, 2012 (as provided in
Section 2.3(d)(vi)(I) ), then Network agrees that
notwithstanding anything to the contrary, if Network shall fail to
meet the 2010 Threshold Amount on or before December 31, 2010
then the exclusivity of the Rights granted hereunder shall
terminate automatically without notice on December 31, 2011.
Notwithstanding the foregoing, in the event that the failure of
Network to meet the 2010 Threshold Amount as provided above is due
to TrafficLand’s failure to meet the requirements set forth
in the fourth sentence of Section 2.4(b) , then the
provisions of this Section 2.3(d)(vi)(II) shall no
longer apply and the exclusivity shall continue until
December 31, 2011 or December 31, 2012, as the case may
be and as provided elsewhere herein. ( e )
Non-Exclusivity . If the Exclusive Period terminates at any
time pursuant to the terms of this Agreement, then, for the
remainder of the Term, Network’s Rights shall be
non-exclusive. Notwithstanding the foregoing, upon the expiration
of the Exclusive Period granted hereunder, TrafficLand agrees
(i) that until the expiration of the Term, neither
TrafficLand, its affiliates or any Third Party on behalf of
TrafficLand or its affiliates will enter into any agreement for
Licensed Content with any Network Affiliate (except in the event
that a Network Affiliate is also a TrafficLand Existing Customer,
in which event Section 2.3(f) below shall apply), and
(ii) that with respect to entities that are not Network
Affiliates, but which Network contacted directly either in person
or by telephone at any time during the Exclusive Period in
connection with licensing of the Products (referred to as "
Network Contacts ") and about which Network has provided
TrafficLand the information required by Section 4.3(d)
, Network shall have the exclusive right for a period of one
(1) year after the expiration of the Exclusive Period
hereunder to enter into an agreement for the Licensed Content with
all such Network Contacts. For the avoidance of doubt, the Parties
recognize and agree that TrafficLand will continue to provide
products and services which may be similar to the Licensed Content
pursuant to the terms of the TrafficLand Existing Agreements and
nothing herein shall prevent TrafficLand from doing the same
provided, however, that at any time during which Network’s
Rights hereunder are exclusive, TrafficLand will not amend, alter,
renew, extend or otherwise modify any TrafficLand Existing
Agreement, except as otherwise specifically provided for in
Section 2.3(f) below. When the Exclusive Period
terminates, TrafficLand may conduct business in any manner not
specifically prohibited by this Section 2.3(e) .
(f) TrafficLand Existing Customers .
Notwithstanding Network’s exclusive rights as set forth in
Section 2.3(d) above, with respect to TrafficLand
Existing Customers:
Page 9
(i) TrafficLand shall continue to be permitted to service
all such customers for the duration of the Term. Any renewal,
amendment, extension or other modification of any existing
agreement (which includes any "automatic renewal or extension"
contemplated therein) (I) shall only be entered into if there
is no material change to the grant of rights or territory (i.e.
MSA) that is applicable to such customer as of the Effective Date
and (II) shall not be inconsistent in any manner with the
rights provided to Network herein. Additionally, prior to
re-signing, renewing, amending, extending or otherwise modifying
any TrafficLand Existing Agreement with a TrafficLand Existing
Customer, TrafficLand agrees to meet with Network and discuss
whether such customer is a candidate to license Network Products,
it being understood that except for conducting such meeting there
shall be no obligation for any TrafficLand Existing Customer to
actually license from Network any of the Network Products; and
(ii) With respect to the Nationwide Customer (and any of its
affiliated entities), in addition to the restrictions set forth in
Section 2.3(f)(i) above, TrafficLand agrees: (I) within
thirty (30) days after the Effective Date (or some other time
as the Parties shall mutually agree) to meet with Network and
develop a comprehensive approach to providing both Licensed Content
and Network Product to the Nationwide Customer during the Term; and
(II) that during the Exclusive Period, any proposed revision,
amendment, extension, replacement or modification of the agreement
between TrafficLand and the Nationwide Customer will be subject to
the mutual approval of the parties hereto; provided, however, that
this Section 2.3(f)(ii) shall not prevent TrafficLand
from amending, revising or modifying its current agreement with the
Nationwide Customer so long as any changes to the existing
agreement are not material changes in the grant of rights, length
of term, compensation or any other material provision and are not
otherwise inconsistent with the exclusive rights granted to Network
hereunder. (iii) If TrafficLand renews, amends, extends, or
otherwise modifies any existing agreement with a TrafficLand
Existing Customer, it shall advise Network of such change,
including any applicable pricing change on or before the fifteenth
(15th) day of each calendar quarter. If any such renewed, amended,
extended, or otherwise modified agreement with a TrafficLand
Existing Customer provides for prices that are less than the
amounts set forth in the Rate Card, and if Network so requests,
TrafficLand shall in good faith consider (I) lowering the
amounts set forth in the Rate Card; and/or (II) permitting
Network in certain instances to charge amounts that are less than
the amounts set forth in the Rate Card. (g) Right
of First Refusal . In the event that TrafficLand
(i) collects content from locations outside the Territory ("
Out-of-Territory Content ") or (ii) creates, develops
or licenses from a Third Party any new product, technology or
service (which shall, subject to Section 3.1(c) , include
Broadcast 3.0) (each a " New Offering "), and wishes to
license any of the same to any Exclusive Entities whether in the
Territory or out of the Territory, TrafficLand shall promptly
provide Network with written notice of the same. If, within thirty
(30) days of such notice, Network provides written notice to
TrafficLand of Network’s interest in licensing and
distributing such Out-of-Territory Content or New Offering,
TrafficLand shall then negotiate in good faith exclusively with
Network to reach a mutually agreeable arrangement with respect to
the distribution of such Out-of-Territory Content or New Offering
for a period of (i) fifteen (15) days in the case of
Out-of-Territory Content and (ii) ninety (90) days in the
case of a New Offering. If the Parties cannot reach an agreement
within such period, TrafficLand may enter into an agreement with
any other party for distribution of the Out-of-Territory Content or
New Offering, provided that such agreement is
completed upon terms more favorable to TrafficLand than the terms
last proposed by Network during the exclusive negotiating period
for distribution of such Out-of-Territory Content or New Offering;
otherwise, TrafficLand shall re-offer to Network the ability to
close an agreement with Network on such prior terms.
Notwithstanding the foregoing, in no event shall TrafficLand
license (or allow any other Third Party to license) any New
Offering to any Exclusive Entities within the Territory prior to
the expiration of the Exclusive Period, provided however that
TrafficLand may license a New Offering to any TrafficLand Existing
Customer provided it licenses the New Offering at the same rate as
otherwise agreed to with Network, or if Network and TrafficLand
have not agreed upon a rate, at the last rate offered by
TrafficLand to Network.
Page 10
2.4 Access, Delivery; Updates . (a)
Access, Delivery . For each Active MSA, TrafficLand will
make the Products available for download as Network directs by
HTTPS, HTTP, or some other mutually agreeable protocol. Without
limiting the foregoing, any such electronic format will enable
Network to access and/or download, as applicable, the Products on a
basis no less favorable than TrafficLand provides to any other
Third Party (absent any technical obstacle which may exist from
time-to-time that would prevent TrafficLand from fulfilling this
obligation). At all times during the Term, for each Active MSA
TrafficLand will make the Products available to Network pursuant to
the following time periods: (A) Broadcast Product shall be
delivered to Network (and/or its Broadcast Partners) no later than
fifteen (15) days after the successful installation of
required additional telco circuit (it being understood that a telco
circuit typically takes 30-45 calendar days to install);
(B) Web Product shall be delivered to Network (and/or its
affiliates or Web Customers) no later than five (5) business
days after the request therefore; and (C) VDS shall be
delivered to Network (and/or its affiliates or Broadcast Customers)
no later than five (5) business days after the request
therefor. In the event that the Products include URLs, any such URL
provided by TrafficLand will link directly to a page on
TrafficLand’s website that contains, and is directly relevant
to, the Product. Network will protect the Products from
unauthorized use in the same manner that Network protects its own
content and services. (b) Updates . Subject to
the terms of this Agreement, TrafficLand will provide the Updates
to the Licensed Content outlined in Exhibit D on or near the
dates described therein and shall make available to Network all
Updates made available to TrafficLand’s other licensees.
TrafficLand may also, from time-to-time, deliver additional Updates
provided that no such Update removes or reduces
functionality or otherwise adversely impacts the performance or
functionality of the Products. The providing of Updates during the
Term will be done on a continuing basis by TrafficLand using
commercially reasonable good faith efforts and in a manner that is
consistent with TrafficLand’s past practices. Specifically,
with respect to Future MSAs, TrafficLand agrees that during the
Contract Years ending 2009 and 2010, respectively, TrafficLand will
enter into agreements with DOTs which will cover no less than 46
MSAs in 2009 (of which no fewer than 29 will include a coverage
area in the top 50 MSAs) and 71 MSAs in 2010 (of which no fewer
than 45 will include a coverage area in the top 50 MSAs). In the
event that TrafficLand fails to meet the requirements in any given
Contract Year as provided in the forgoing sentence, then Network is
relieved of its obligation to meet the 2010 Threshold Amount as
otherwise provided in Section 2.3(d)(vi)(II) . In
making and scheduling Updates, TrafficLand shall meaningfully
consult with Network and consider any feedback provided by Network.
Network shall have the opportunity to test and accept Updates in
accordance with Section 3.2 .
Page 11
2.5 Customer Agreements . Network agrees to cause
all Broadcast Customers and Web Customers that use the Products
pursuant to the terms and conditions of this Agreement to enter
into an agreement with Network (each a " Customer Agreement
") that requires each such customer to (a) adhere to the
restrictions for the use of such Product as set forth herein,
(b) to follow the TrafficLand Terms and Conditions and
(c) to include in a customary notice provision anywhere a
Product is made available digitally that capturing, screen scraping
and other unauthorized use of such Product is prohibited. Each
Customer Agreement shall b
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