Document:

xedarsb2ex1010_8212007.htm

     

    
      

      

    

     

    Exhibit
      10.10

    
 

    
      XēDAR
        CORPORATION

      

      March
        20,
        2007

      

      Mr.
        Don
        W. Rakestraw

      

      ATLANTIC
        SYSTEMS CORPORATION

      1215
        South Clark Street

      Suite
        1102

      Arlington,
        VA 22202

      

      Dear
        Don:

      

      This
        will
        confirm the terms of your employment by Atlantic Systems Corporation
        ("Atlantic") effective on the Effective Date (as defined below): All terms
        of
        this agreement shall be considered valid for three years from date of
        execution.

      

      
        	
                Position:

                 

              	 	
                Chief
                  Executive Officer of Atlantic, a wholly owned subsidiary of XēDAR
                  Corporation ("XēDAR”,
                  with responsibilities as described in the attached position
                  description.

              
	 	 	 
	
                Base
                  Salary

                 

              	 	
                The
                  beginning annual Base Salary for this position will be at the 50th
                  percentile
                  for comparable companies and will be $230,000.

              
	 	 	 
	
                Incentive

                 

              	 	
                You
                  will receive incentive compensation in line with the 75% percentile
                  for
                  comparable companies. Your 2007 Incentive Compensation will be
                  guaranteed
                  at $62,000, prorated for your time of service in CYE 2007. For
                  example,
                  assuming we close on March 15th,
                  your
                  Incentive Compensation for 2007 would be computed based on 9 1⁄2 months of
                  the calendar year, and would be $49,083.33

              
	 	 	 
	
                Expenses:

                 

              	 	
                Reasonable
                  business T/E expenses, reimbursed monthly based on
                  approved expense reports.

              
	 	 	 
	
                Restricted:

                Stock

                 

              	 	
                You
                  will be eligible for a restricted stock grant (RSU) in line with
                  the
                  90th
                  percentile for comparable companies for the CYE 2008. The targeted
                  RSU
                  grant will be $108,000. You must pay any applicable taxes when
                  due on any
                  RSU and XēDAR
                  will comply with applicable withholding requirements.

              
	 	 	 
	
                Termination:

                 

              	 	
                If
                  you are terminated, except for cause (which is defined as your
                  death or
                  disability, a conviction of a crime of moral turpitude, a felony,
                  or a
                  conviction resulting from actions by you which harm Point One or
                  its
                  parents (but shall not include a conviction relating to a minor
                  traffic or
                  other petty offense)), you will receive $825,000 of compensation
                  during
                  the fist year of employment; $550,000 for all subsequent years
                  thereafter.
                  If you are terminated for cause, you will receive compensation
                  through
                  your date of termination only and no additional
                  compensation.

              

      

      

      .

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      President
        and Chief Executive
        Officer                                                                                                                                

      Job
        Offer

      Page
        2

      

      

      

      
        	
                Benefits

              	 	
                In
                  accordance with Point One's current benefits policy.

              
	 	 	 
	
                Effective
                  Date:

              	 	
                Upon
                  the closing of a transaction whereby XēDAR
                  acquires all if the outstanding securities
                  of Atlantic Systems Corporation.

              
	 	 	 

      

      

      

      

      This
        letter does not constitute an employment contract, either
        expressed or implied. Any employment by Atlantic is on an "at
        will" basis and may be terminated by the Board of XēDAR
        at
        any time, with or without cause.

      

      With
        you,
        I look forward to making XēDAR
        a world-class operation with a significant market capitalization.

      

      Sincerely,

      

      

      

      

      XēDAR
        CORPORATION

      

      By:  /s/
        Hugh H.
        Williamson                                                                         
/s/ John P Moreno

      Hugh
        H.
        Williamson                                                                                     John
        P Moreno, Chair

      Chairman
        and
        CEO                                                                                     Compensation
        Committee

      XēDAR
        CORPORATIONXēDAR
        CORPORATION

      

      

      

      Accepted:

      

      /s/
        Don W. Rakestraw

      Don
        W.
        Rakestrawxedarsb2ex1011_8212007.htm

     

    
      

      

    

     

    Exhibit
      10.11

     

    
      XEDAR
        CORPORATION

       

      

       

      March
        15,
        2007

       

      Mr.
        Jeffrey R. Grime

      ATLANTIC
        SYSTEMS CORPORATION

      12
        15
        South Clark Street

      Suite
        1
        102

      Arlington,
        VA 22202

       

      Dear
        Jeff:

       

      This
        will
        the terms of your employment by Atlantic Systems Corporation ("Atlantic")
        effective on the Effective Date (as defined below): All terms of this shall
        be
        considered valid for three years from the date of execution.

       

      
        	
                 

              	
                Position:

              	
                President
                  of Atlantic, a wholly owned subsidiary of XEDAR Corporation ("XEDAR"),
                  with responsibilities as described in the attached position
                  description.

              

      

       

      
        	
                 

              	
                Base
                  Salary:

              	
                The
                  beginning Base Salary for this position will be at the 75th
                  percentile
                  for comparable companies and will be
                  $230,000.

              

      

       

      
        	
                 

              	
                Incentive:

              	
                You
                  will receive incentive in line with the 75th
                  percentile
                  for comparable companies. Your 2007 Incentive Compensation will
                  be
                  guaranteed at $75,000, prorated for your time of service in CYE 2007.
                  For example, assuming we close on March 15, your Incentive Compensation
                  for 2007 would be computed based on 9 1⁄2 months of the calendar year, and
                  would be $59,375.

              

      

       

      
        	
                 

              	
                Expenses:

              	
                Reasonable
                  business expenses, reimbursed monthly based on approved expense
                  reports.

              

      

       

      
        	
                 

              	
                Restricted

                Stock:

              	
                You
                  will be eligible for a restricted stock grant in line with the
                  75th
                  Stock
                  percentile for companies for the CYE 2008. The amount of the RSU
                  grant
                  will be $80,000. You must pay any applicable taxes when due on
                  any RSU and
                  XEDAR will comply with applicable withholding
                  requirements.

              

      

       

      
        	
                 

              	
                Termination:

              	
                You
                  will only be terminated (i) if both Don Rakestraw and Hugh H. Williamson,
                  agree that you are no longer performing in a satisfactory manner.
                  (ii) As
                  long as your primary residence continues in the Washington DC Metropolitan
                  area, if you are terminated except for cause (which is defined
                  as your
                  death or disability, a conviction of a crime of moral turpitude,
                  a felony,
                  or a conviction resulting from actions by you which harm Atlantic
                  or its
                  parent (but shall not include a conviction relating to a minor
                  traffic or
                  other petty offense)), you will receive $690,000
                  of compensation during the first year of employment, $460,000 for
                  all
                  subsequent years thereafter. If you are terminated for cause, you
                  will
                  receive compensation through your termination date only and no
                  additional
                  compensation.

              

      
        	
                 

              	
                 

              	
                 

              

      

       

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

       

       

      
        	
                 

              	
                Benefits:

              	
                In
                  accordance with Point One’s Company
                  policy.

              

      

       

      
        	
                 

              	
                Effective

                Date:

              	
                Upon
                  the closing of a transaction whereby Xedar acquires all of the
                  outstanding
                  securities of Atlantic.

              

      

       

      This
        letter does not constitute an employment contract either expressed or implied.
        Any employment by Atlantic is on an "at will" basis and may be terminated
        by the
        Board of Xedar at any time, with or without cause.

      

      With
        you,
        I look forward to making Xedar a world-class operation
        with a significant market capitalization.

      

      Sincerely,

      

      

      /s/
        Hugh H. Williamson,
        III                                                                                     /s/
        John P. Moreno

      Hugh
        H.
        Williamson,
        III                                                                                         John
        P. Moreno

      Chairman
        and
        CEO                                                                                              
Compensation Committee

      Xedar
        Corporation                                                                                               
Xedar Corporation

      

      

      Accepted:

      

      

      /s/
        Jeffrey R. Grime

      Jeffrey
        R. Grime

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