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Telenav, Inc. – ‘10-Q’ for 12/31/17 – ‘EX-10.16.43’

On:  Wednesday, 2/7/18, at 7:06pm ET   ·   As of:  2/8/18   ·   For:  12/31/17   ·   Accession #:  1474439-18-11   ·   File #:  1-34720

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/08/18  Telenav, Inc.                     10-Q       12/31/17   62:7.3M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    843K 
 2: EX-10.16.43  Material Contract                                  HTML     88K 
 3: EX-10.26.22  Material Contract                                  HTML     43K 
 4: EX-10.26.23  Material Contract                                  HTML     60K 
 5: EX-31.1     Certification -- §302 - SOA'02                      HTML     27K 
 6: EX-31.2     Certification -- §302 - SOA'02                      HTML     27K 
 7: EX-32.1     Certification -- §906 - SOA'02                      HTML     21K 
 8: EX-32.2     Certification -- §906 - SOA'02                      HTML     21K 
15: R1          Document and Entity Information                     HTML     37K 
16: R2          Condensed Consolidated Balance Sheets               HTML    116K 
17: R3          Condensed Consolidated Balance Sheets               HTML     40K 
                (Parenthetical)                                                  
18: R4          Condensed Consolidated Statements of Operations     HTML     85K 
19: R5          Condensed Consolidated Statements of Comprehensive  HTML     45K 
                Loss                                                             
20: R6          Condensed Consolidated Statements of Cash Flows     HTML    112K 
21: R7          Summary of business and significant accounting      HTML     60K 
                policies                                                         
22: R8          Net income (loss) per share                         HTML     45K 
23: R9          Cash, cash equivalents and short-term investments   HTML    130K 
24: R10         Fair value of financial instruments                 HTML    118K 
25: R11         Balance sheet information                           HTML     44K 
26: R12         Commitments and contingencies                       HTML     55K 
27: R13         Guarantees and indemnifications                     HTML     22K 
28: R14         Stock-based compensation                            HTML    109K 
29: R15         Income taxes                                        HTML     32K 
30: R16         Segments                                            HTML     90K 
31: R17         Summary of business and significant accounting      HTML     51K 
                policies (Policies)                                              
32: R18         Summary of business and significant accounting      HTML     37K 
                policies (Tables)                                                
33: R19         Net income (Loss) Per Share (Tables)                HTML     47K 
34: R20         Cash, cash equivalents and short-term investments   HTML    129K 
                (Tables)                                                         
35: R21         Fair value of financial instruments (Tables)        HTML    111K 
36: R22         Balance sheet information (Tables)                  HTML     42K 
37: R23         Commitments and contingencies (Tables)              HTML     44K 
38: R24         Stock-based compensation (Tables)                   HTML    118K 
39: R25         Segments (Tables)                                   HTML     87K 
40: R26         Summary of business and significant accounting      HTML     36K 
                policies - Concentration of Risk and Significant                 
                Customers (Details)                                              
41: R27         Summary of business and significant accounting      HTML     23K 
                policies - Restricted Cash (Details)                             
42: R28         Summary of business and significant accounting      HTML     45K 
                policies - Accumulated Other Comprehensive Income                
                (Loss), Net of Tax (Details)                                     
43: R29         Summary of business and significant accounting      HTML     27K 
                policies - Long-term Investments (Details)                       
44: R30         Summary of business and significant accounting      HTML     28K 
                policies ( Adoption of new accounting standard)                  
                (Details)                                                        
45: R31         Net income (Loss) Per Share (Details)               HTML     38K 
46: R32         Cash, cash equivalents and short-term investments   HTML     76K 
                - Summary of cash, cash equivalents and short-term               
                investments (Details)                                            
47: R33         Cash, cash equivalents and short-term investments   HTML     40K 
                - Summary of cost and estimated fair value of                    
                short-term investments (Details)                                 
48: R34         Fair value of financial instruments (Details)       HTML    101K 
49: R35         Balance sheet information - Intangibles and Other   HTML     62K 
                Accrued Expenses (Details)                                       
50: R36         Commitments and contingencies (Details)             HTML     66K 
51: R37         Commitments and contingencies (Narrative)           HTML     40K 
                (Details)                                                        
52: R38         Stock-based compensation - Narrative (Details)      HTML     39K 
53: R39         Stock-based compensation - Summary of stock option  HTML     72K 
                activity (Details)                                               
54: R40         Stock-based compensation - Summary of RSU activity  HTML     42K 
                (Details)                                                        
55: R41         Stock-based compensation - Summary of shares        HTML     32K 
                available for grant activity (Details)                           
56: R42         Stock-based compensation - Summary of stock-based   HTML     28K 
                compensation expense (Details)                                   
57: R43         Stock-based compensation - Assumptions used to      HTML     34K 
                estimate weighted average fair value of options                  
                (Details)                                                        
58: R44         Income taxes (Details)                              HTML     42K 
59: R45         Segments (Details)                                  HTML     40K 
61: XML         IDEA XML File -- Filing Summary                      XML    103K 
60: EXCEL       IDEA Workbook of Financial Reports                  XLSX     62K 
 9: EX-101.INS  XBRL Instance -- tnav-20171231                       XML   1.98M 
11: EX-101.CAL  XBRL Calculations -- tnav-20171231_cal               XML    216K 
12: EX-101.DEF  XBRL Definitions -- tnav-20171231_def                XML    385K 
13: EX-101.LAB  XBRL Labels -- tnav-20171231_lab                     XML   1.20M 
14: EX-101.PRE  XBRL Presentations -- tnav-20171231_pre              XML    679K 
10: EX-101.SCH  XBRL Schema -- tnav-20171231                         XSD    102K 
62: ZIP         XBRL Zipped Folder -- 0001474439-18-000011-xbrl      Zip    167K

‘EX-10.16.43’   —   Material Contract

This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

 <!   C:   C: 
  Exhibit  
HERE CONFIDENTIAL



FOURTH AMENDMENT TO TERRITORY LICENSE NO. 11 ([*****])
This Fourth Amendment (“Fourth Amendment”) to the Territory License No. 11, effective April 3, 2015 (“TL 11”), as amended, to the Data License Agreement (“Agreement”), dated December 1, 2002, by and between Telenav, Inc. (“Client”) and Navigation Technologies Corporation, which was subsequently assigned to HERE North America, LLC (f/k/a NAVTEQ North America, LLC) (collectively, “HERE”), is made and entered into as of the date of latest signature below (“Amendment Effective Date”). The Agreement and TL 11, and amendments thereto, are hereby referred to herein as the “Agreement.” Capitalized terms not otherwise defined in the body of this Fourth Amendment shall have the meanings set forth in the Agreement.
WHEREAS, the Parties desire to amend certain terms of the Agreement;
NOW THEREFORE, the Parties agree to amend certain provisions of the Agreement with this Fourth Amendment as follows:
1.
Territory License Term.
The following text of page 1 of TL11 is hereby deleted in its entirety:
“At the time that [*****] ceases production of [*****], the license rights set forth herein shall be limited, for the duration of the TL Terms, to (i) compiling updated versions of the Data made available by HERE and (ii) distributing such updated Compiled Data in the form of update Copies or a master copy of updated Compiled Data to the applicable party to which appropriate rights have been granted to distribute update Copies (‘Update License Rights’).”

Such text shall be replaced with the following language:
“At the time that [*****] ceases production of [*****], the license rights set forth herein shall be limited, for the duration of the TL Terms, to (i) compiling updated versions of the Data made available by HERE and (ii) distributing such updated Compiled Data in the form of update Copies or a master copy of updated Compiled Data to the applicable party to which appropriate rights have been granted to distribute update Copies (‘Update License Rights’).”


2.
Additional Provisions.
Section VII of TL 11 is hereby amended to add the following new Section G:

“Client may not [*****] or [*****] the [*****] with any other [*****], [*****] or [*****] that may [*****] the [*****] to any [*****]or [*****] or [*****] where such [*****] or [*****] would (a) cause the [*****] or [*****] of [*****]; (b) result in [*****] of [*****] for the [*****] of [*****]; (c) cause [*****] of [*****] at [*****], as a [*****] for [*****], [*****] or [*****] of [*****], [*****] or [*****]; or (d) otherwise [*****] or [*****] the [*****] or [*****] of [*****]”

Section V. of TL11 is hereby amended to add the following language at the end of Section B:

“In the event that [*****] notifies Client that the number of Copies reported during a prior reporting period to Client and to HERE were incorrect, and Client had used such numbers to compile an incorrect License Fee report, Client shall include, with Client’s subsequent License Fee report following such notification, a proper adjustment to the number of Copies reported for such prior period, which shall be incorporated as a debit or credit, as appropriate, to the then-current period’s License Fee report. For clarity, the aforementioned adjustment shall not include warranty or service returns that are not otherwise authorized.
3.
Exhibit A (Pricing). Effective as of January 1, 2018, Exhibit A of TL 11 is hereby deleted in its entirety and replaced with the amended Exhibit A, attached hereto.

4.
Except as modified hereunder, all other terms and conditions of the Agreement shall stay in full force and effect.


Amendment 3 to TL 11 [Telenav, Inc.][ NA AUTO PR-018176]28AUG2017_CR]    Page 1 of 7
HERE CONFIDENTIAL



IN WITNESS WHEREOF, the parties have caused this Fourth Amendment to be executed by their authorized representatives as of the Amendment Effective Date.
HERE NORTH AMERICA, LLC                 TELENAV, INC.
By:    /s/ Jeannie Lee Newman        By:    /s/ Michael Strambi
Name:    Jeannie Lee Newman        Name:    Michael Strambi
Title:    Senior Legal Counsel        Title:    Chief Financial Officer
Date:    December 14, 2017        Date:    December 12, 2017


HERE NORTH AMERICA, LLC                 
By:    /s/ Neil McTeigue        
Name:    Neil McTeigue        
Title:    Senior Legal Counsel
Date: December 14, 2017                



Amendment 4 to TL 11 [Telenav, Inc.][NA AUTO PR-018176][08DEC2017_CR]    Page 2 of 7
HERE CONFIDENTIAL



EXHIBIT A
PRICING

I.    License Fees per Initial Copy and Non-Optional Multi-Year Annual Copy Subscriptions for [*****] Route Guidance Applications and [*****] Route Guidance Applications

The following License Fees shall apply for use of the specified Data in Table 3 below for [*****] Route Guidance Applications and [*****] Route Guidance Applications for the Territories specified in Tables 1 and 2 below. The “standard” License Fees set forth in Tables 1 and 2 below shall include the applicable Initial Copy of the Data and type and length of the applicable Multi-Year Annual Copy Subscription for [*****] Route Guidance Applications, plus an incremental [*****] royalty fee for use of the [*****], subject to the terms and conditions of that Patent License Agreement (“PLA”), made by and between Client and HERE Global B.V., dated January 1, 2014, which shall be paid to HERE in accordance with this TL, in connection with the [*****]Route Guidance Applications. An incremental License Fee for use of the Data for “[*****]” and “[*****]” [*****] Route Guidance Applications shall be added to the “standard” License Fees, where such incremental License Fee shall include the [*****] royalty fee for use of the [*****] in accordance with the PLA as specified above, which shall be paid to HERE in accordance with this TL, in connection with the [*****] Route Guidance Applications. Up to [*****] ([*****]) [*****] Update Copies may be provided to the same End-User (or subsequent vehicle owner) during each annual period of the applicable Multi-Year Annual Copy Subscription specified in the Tables below. For clarity, the License Fees specified herein do not include any Renewal Subscription fees (as defined below) and/or fees or costs associated with distribution of Update Copies (i.e., Client is solely responsible for any costs or fees associated with the manner of distribution of Update Copies) and/or development activities, if any, with respect to the [*****] Route Guidance Applications that use the Data as licensed hereunder (i.e., NRE fees, etc.). Such development activities, if any, and associated fees and costs shall be specified under a separate written agreement as mutually agreed upon by the parties.

 
Table 1a

License Fees for [*****]Route Guidance Applications and
[*****]Route Guidance Applications
([*****] and [*****] Territories)

Territory
[*****]Route Guidance Applications
[*****] Route Guidance Applications (with [*****])
[*****] Route Guidance Applications (with [*****])
Standard License Fees for Initial Copy and Lifetime Multi-Year Annual Copy Subscription ([*****] years)
Standard License Fees for Initial Copy and Lifetime Multi-Year Annual Copy Subscription ([*****] years)
Incremental Uplift for [*****]*
Incremental Uplift for [*****]*
[*****]
[*****]
[*****]
[*****]
[*****]
[*****]
[*****]
[*****]
[*****]
[*****]
[*****]
[*****]
[*****]
[*****]
[*****]
 
 
 
 
 
*Incremental uplift fee includes the [*****] royalty fee for use of the [*****].


Amendment 4 to TL 11 [Telenav, Inc.][NA AUTO PR-018176][08DEC2017_CR]    Page 3 of 7
HERE CONFIDENTIAL



 
Table 1b

2019 License Fees for [*****] Route Guidance Applications and
[*****]Route Guidance Applications
([*****] and [*****] Territories)

 
Territory
[*****]Route Guidance Applications
[*****] Route Guidance Applications (with [*****])
[*****]Route Guidance Applications (with [*****])
 
Standard License Fees for Initial Copy and Lifetime Multi-Year Annual Copy Subscription ([*****] years)
Standard License Fees for Initial Copy and Lifetime Multi-Year Annual Copy Subscription ([*****] years)
Incremental Uplift for [*****]*
Incremental Uplift for [*****]*
 
[*****] only
[*****]
[*****]
[*****]
[*****]
 
[*****] only
[*****]
[*****]
[*****]
[*****]
 
[*****] only
[*****]
[*****]
[*****]
[*****]
 
[*****] only
[*****]
[*****]
[*****]
[*****]
 
[*****] only
[*****]
[*****]
[*****]
[*****]
 
[*****] only
[*****]
[*****]
[*****]
[*****]
 
*Incremental uplift fee includes the [*****]royalty fee for use of the [*****].
 
 
 
Table 2

License Fees for [*****] Route Guidance Applications
([*****] Territory)

Territory
[*****] Route Guidance Applications
[*****] Route Guidance Applications
(with [*****])
[*****]Route Guidance Applications
(with [*****])
Standard License Fees for Initial Copy and Lifetime Multi-Year Annual Copy Subscription
([*****] years)
Standard License Fees for Initial Copy and Lifetime Multi-Year Annual Copy Subscription
([*****] years)
Standard License Fees for Initial Copy and Lifetime Multi-Year Annual Copy Subscription
([*****] years)
Standard License Fees for Initial Copy and Lifetime Multi-Year Annual Copy Subscription
([*****] years)
Standard License Fees for Initial Copy and Lifetime Multi-Year Annual Copy Subscription
([*****] years)
Standard License Fees for Initial Copy and Lifetime Multi-Year Annual Copy Subscription
([*****] years)
Incremental Uplift for [*****]*
Incremental Uplift for [*****]*
[*****]
[*****]
[*****]
[*****]
[*****]
[*****]
[*****]
[*****]
[*****]
*Incremental uplift fee includes the [*****] royalty fee for use of the [*****].
II. Renewal Subscription. If, at the end of the applicable Lifetime Multi-Year Annual Copy Subscription, Client desires to extend the Subscription periods for all Application units for one (1) additional one (1) year period (“Renewal Subscription”), then the following One-Year Renewal Subscription fees as provided in the table below shall apply, provided that the Renewal Subscription is provided only to original subscriber.  The terms of any extension beyond the the applicable Lifetime Multi-Year Annual Copy Subscription shall be mutually agreed by the parties.


Amendment 4 to TL 11 [Telenav, Inc.][NA AUTO PR-018176][08DEC2017_CR]    Page 4 of 7
HERE CONFIDENTIAL



Renewal Subscription License Fees
Territory
Length of Subscription
One-Year Renewal Subscription Fee
[*****]
[*****] years
[*****]
[*****] years
[*****]
[*****] years
[*****]
[*****]
[*****] years
[*****]
[*****]
[*****] years
[*****]
[*****]
[*****] years
[*****]
[*****]
[*****] years
[*****]
[*****]
[*****] years
[*****]


 
Table 3

HERE Data
 
 
[*****]
[*****]
[*****]
[*****]
[*****]
[*****]
 
Base Map Data
X
X
X
X
X
X
 

Additional Content


 
 
 
 
 
 
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
X
X
 
[*****]
X
 
 
X
 
X
 
[*****]
 
X
 
 
 
 
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
 
 
 
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
X
X
 
[*****]
X
 
 
 
 
 
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
 
X
 
[*****]
X
X
X
X
X
X
 


Amendment 4 to TL 11 [Telenav, Inc.][NA AUTO PR-018176][08DEC2017_CR]    Page 5 of 7
HERE CONFIDENTIAL


[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
 
X
 
[*****]
X
 
 
 
 
 
 
[*****]
 
 
 
X
 
X
 
[*****]
 
X
 
 
 
 
 
[*****]
X
X
 
 
X
 
 
[*****]
X
X
X
X
 
X
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
X
X
 
[*****]
 
 
 
X
X
X
 
[*****]
X
X
X
X
X
 
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
 
X
 
 
[*****]
X
X
X
 
X
 
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
X
X
X
 
[*****]
X
X
X
 
X
 
 
[*****]
X
X
X
X
X
X
 

**Included for [*****] Route Guidance Applications with [*****] only.


Amendment 4 to TL 11 [Telenav, Inc.][NA AUTO PR-018176][08DEC2017_CR]    Page 6 of 7
HERE CONFIDENTIAL



II.
Productivity Discount. The License Fees set forth in this Exhibit A are subject to a [*****] productivity discount from [*****] through [*****], commencing with Copies distributed in [*****]. For sake of clarity, the [*****] productivity discount shall only apply for [*****].

III.
Warranty Pricing.

For [*****] vehicles, the per Copy License Fee in 2017 shall be [*****] for any Copies used as warranty replacements. Warranty replacement Copy License Fees shall decrease by [*****] in subsequent years. All warranty replacement Copies must be reported by Client as a separate line item in connection with Client’s Monthly License Fee Report referenced in Section V.B. of the Agreement.




Amendment 4 to TL 11 [Telenav, Inc.][NA AUTO PR-018176][08DEC2017_CR]    Page 7 of 7

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed as of:2/8/18
Filed on:2/7/18
1/1/18
For Period end:12/31/17
12/14/17
12/12/174
4/3/15
1/1/14
12/1/02
 List all Filings 

2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/26/20  Telenav, Inc.                     10-K/A      6/30/20   12:1.4M                                   Donnelley … Solutions/FA
 8/21/20  Telenav, Inc.                     10-K        6/30/20  113:16M
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