WARRANT FOR THE PURCHASE OF SHARES OF COMMON STOCK OF GEOSPATIAL HOLDINGS, INC.Warrant Agreement • March 12th, 2009 • Geospatial Holdings, Inc. • Services-direct mail advertising services • Delaware
This certifies that, for value received, subject to the terms and conditions herein set forth, David Vosbein (the “Holder”), is entitled to purchase at any time during the Exercise Period (as defined below) at the Exercise Price (as defined below) a total of 2,000,000 shares of common stock, par value $.001 per share (the “Common Stock”), of Geospatial Holdings, Inc., a Nevada corporation (the “Company”). The shares of Common Stock issuable upon exercise of this Warrant are referred to herein as the “Warrant Shares.” This Warrant is issued pursuant to that certain Employment Agreement, dated as of March 6, 2009, by and among the Company and the Holder (the “Employment Agreement”). Capitalized terms not otherwise defined herein have the meanings given to such terms in the Employment Agreement.
AGREEMENT NOT-TO-COMPETENon-Compete Agreement • March 12th, 2009 • Geospatial Holdings, Inc. • Services-direct mail advertising services • Pennsylvania
This Agreement Not-To-Compete (the “Agreement”) is made and entered into as of March 6, 2009, by and between Geospatial Holdings, Inc., a Nevada corporation (the “Company”) and David C. Vosbein (the “Executive”).
EMPLOYMENT AGREEMENTEmployment Agreement • March 12th, 2009 • Geospatial Holdings, Inc. • Services-direct mail advertising services • Pennsylvania
This Employment Agreement is entered into this 6th day of March, 2009, by and between Geospatial Holdings, Inc. having a place of business at 229 Howes Run Road, Sarver, Pennsylvania 16055 (“GEOSPATIAL”) and DAVID C. VOSBEIN (“EXECUTIVE”).
