August 14, 2010 Otto Balintijn Reduct NV Molenberglei 42
Exhibit 10.44
August 14, 2010
Xxxx Balintijn
Reduct NV
Xxxxxxxxxxxx 00
0000 Xxxxxxx
Xxxxxxx
Letter Agreement Modifying the Amended and Restated
Exclusive License and Distribution Agreement
This Letter Agreement dated August 14, 2010 between Geospatial Holdings, Inc. and Reduct NV hereby modifies The Amended and Restated Exclusive License and Distribution Agreement signed by the parties on December 15th, 2009 as follows:
The Minimum Purchase Quantity payment of $2,500,000 USD due to be paid by Geospatial Holdings, Inc. to Reduct NV on June 30th, 2010 has been extended until September 15th, 2010.
All other terms and conditions of The Amended and Restated Exclusive License and Distribution Agreement remain in full force and effect.
Agreed to as of this date.
| Reduct NV | Geospatial Holdings, Inc. | |||
| /s/ Xxxx Balintijn | /s/ Xxxx Xxxxx | |||
| Xxxx Balintijn | Xxxx Xxxxx | |||
| Managing Director | President | |||
