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EXHIBIT 10.1
AMENDMENT NO. 1
TO
COMMERCIAL REPRESENTATION AGREEMENT
This Amendment No. 1 to the Commercial Representation Agreement entered
into on September 26, 1996, (the "Agreement") is entered into on this 11th day
of November, 0000, xxxxxxx Xxxxxxx Xxxxxx, Ltd., an Alberta corporation,
("Mitcham") and Georex, Inc., acting through its Sercel, Inc. division
("Sercel"). For good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, Mitcham and Sercel do hereby agree as follows:
1. The Agreement is amended by restating the last sentence of Section 3
as follows:
"Notwithstanding the foregoing, if either party desires to
terminate the term of Representative's engagement pursuant
hereto at any time following the end of the second year after
the Effective Date, such party shall be permitted to so upon
ninety (90) days notice to the other party, given in accordance
with the provisions hereof."
2. All other terms and conditions of the Agreement remain unmodified.
3. The Agreement is ratified and confirmed as in full force and effect
in accordance with its terms and provisions, as amended by this
Amendment No. 1.
IN WITNESS WHEREOF, this Amendment No. 1 has been executed on behalf of the
parties by their duly authorized representatives as of the date first written
above.
THE REPRESENTATIVE: SERCEL:
Mitcham Canada, Ltd. Georex, Inc.
/s/ XXXXX X. XXXXXXX, XX. /s/ XXXXXX X. XXXXXX
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By: Xxxxx X. Xxxxxxx, Xx. By: Xxxxxx X. Xxxxxx
Title: President Title: Vice President
