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EXHIBIT 10.10
AMENDED AND RESTATED
SERVICES AGREEMENT
This Amended and Restated Services Agreement (the "Agreement") is made
and entered into as of the 19th day of May, 2005, by and between TERRA INSIGHT
CORPORATION, a Delaware corporation ("TIC"), and THE INSTITUTE OF
GEOINFORMATIONAL ANALYSIS OF THE EARTH, a Liechtenstein establishment (the
"INSTITUTE"). This Agreement amends and restates the Service Agreement dated as
of January 7, 2005 between the parties.
WHEREAS, the INSTITUTE is in the business of developing, using, and
licensing others to use, and is the developer and owner of certain technology
and know-how used in the surveying, mapping, detection, and reporting of natural
resources of the Earth (the "Mapping Technology");
WHEREAS, TIC is in the business of providing services and products in
connection with the identification, location, exploration and recovery of
deposits of natural resources ("TIC Services"); and
WHEREAS, the INSTITUTE licensed all of its commercial Mapping
Technology to TIC;
WHEREAS, the INSTITUTE agreed to provide related commercial services in
the use of the Mapping Technology;
NOW THEREFORE, for good and valuable consideration and on the promises
and premises set forth below, the parties agree as follows:
1. GENERAL DESCRIPTION OF OBJECTIVES AND SCOPE OF SERVICE. TIC hereby
engages INSTITUTE as an independent contractor, and not as an employee or agent
of TIC, to provide to TIC the services, as hereinafter set forth in greater
detail and within guidelines established by TIC and INSTITUTE. INSTITUTE is not
granted any right or authority to assume or create any obligation or liability,
express or implied, on behalf of TIC or in its name, or to accept service of
process in any action on its behalf or in its name, or to bind TIC in any manner
or form whatsoever.
TIC hereby retains INSTITUTE to perform such consulting and
advisory services (the "Services") requested by TIC for the Term of this
Agreement. The Services shall include suggestions of locations, detection,
assessments, prognoses, determinations, analysis, surveys, diagrams, modeling,
mapping and recommendations related to the utilization of the Mapping
Technology, preparation of reports of results of the Services, and
interpretation of results of uses of the Mapping Technology and of workings of
the Mapping Technology. INSTITUTE agrees to perform for TIC the Services,
including preparation of any documentation related thereto. INSTITUTE further
agrees to perform the Services in a good workmanlike and timely manner. All
Services requested by TIC shall be performed by personnel of INSTITUTE that are
reasonably acceptable to TIC. INSTITUTE shall devote such time and efforts as
are reasonably consistent with the needs of TIC, and will devote such time as
TIC reasonably requests and requires. Notwithstanding anything to the contrary
herein, TIC shall own all of the work product of the Services.
2. TERM OF AGREEMENT. The term of the Agreement shall be for a period
of thirty (30) years (the "Term") commencing with the date of this Agreement,
unless earlier termination pursuant to the termination of the Technology License
Agreement entered into by the parties as of even date. The Term shall
automatically renew for another thirty year period unless terminated by either
party in writing within ninety (90) days before the end of the initial thirty
year term unless sooner terminated in accordance with the termination of the
Technology License Agreement.






