FORMAL SETTLEMENT AGREEMENT AND GENERAL RELEASEFormal Settlement Agreement and General Release • January 20th, 2006 • Traffic.com, Inc. • Services-advertising • Pennsylvania
This Formal Settlement Agreement and General Release (the “Agreement”), entered into as of this 16th day of December, 2005, is made and entered into by Santa Fe Technologies, Inc. (“Santa Fe Technologies”), Traffic.com, Inc., f/k/a Argus Networks, Inc. (“Argus”), and TL Ventures L.P., f/k/a TL Ventures LLC (on behalf of itself and all its related entities, collectively “TL Ventures” as defined below in Paragraph 3) hereinafter collectively referred to as “the Parties,” or individually, a “Party,” in furtherance of the Parties’ Memorandum of Settlement entered on November 17, 2005.
