Exclusive License and Distribution Sample Contracts

SECOND AMENDMENT TO THE AMENDED & RESTATED EXCLUSIVE LICENSE AND DISTRIBUTION AGREEMENT
Exclusive License and Distribution • March 19th, 2010 • Geospatial Holdings, Inc. • Services-engineering, accounting, research, management

This Second Amendment (“Amendment”) to that Amended and Restated Exclusive License Agreement (the “License Agreement”) entered into as of the 15th day of December, 2009, by and between Reduct NV, a company organized and existing under the laws of Belgium, with registered office at Molengerglei 42, B-2627 Schelle, Belgium (“Reduct”), and Geospatial Holdings, Inc., a Nevada corporation having an office at its principal place of business at 229 Howes Run Road, Sarver, Pennsylvania 16055 (“Geospatial”), on behalf of itself and its wholly owned subsidiary Geospatial Mapping Systems, Inc. (“Licensee”), as amended as of January 29th 2010, is entered into as of March 12th, 2010 (the “Effective Date”) by and among Reduct and Geospatial.

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FIRST AMENDMENT TO THE AMENDED & RESTATED EXCLUSIVE LICENSE AND DISTRIBUTION AGREEMENT
Exclusive License and Distribution • March 19th, 2010 • Geospatial Holdings, Inc. • Services-engineering, accounting, research, management

This First Amendment (“Amendment”) to that Amended and Restated Exclusive License Agreement (the “License Agreement”) entered into as of the 15th day of December, 2009, by and between Reduct NV, a company organized and existing under the laws of Belgium, with registered office at Molengerglei 42, B-2627 Schelle, Belgium (“Reduct”), and Geospatial Holdings, Inc., a Nevada corporation having an office at its principal place of business at 229 Howes Run Road, Sarver, Pennsylvania 16055 (“Geospatial”), on behalf of itself and its wholly owned subsidiary Geospatial Mapping Systems, Inc. (“Licensee”), is entered into as of January 29th, 2010 (the “Effective Date”) by and among Reduct and Geospatial.

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