Exhibit10.31 SERVICEAGREEMENT

MELPAR agrees, during the period he provides Services under this Agreement to ALTAIRNANO, to exercise its activities pursuant to this Agreement in the sole interest of ALTAIRNANO, and this in view of the development and the stimulation of the profitability of ALTAIRNANO.

The services will be performed during no less than 200 working days per year.

MELPAR undertakes to execute the Services in the approved manner, to safeguard ALTAIRNANO's interests and to act loyally and in good faith. MELPAR undertakes to report in writing, on a regular basis, relating to the Services rendered.

MELPAR shall, for the supply of the Services provided for in this Agreement, place Rik DOBBELAERE (hereafter referred to as "In-charge Person") at the disposal of ALTAIRNANO.

The present Agreement is concluded for an indefinite duration. Each party can terminate the agreement observing a notice period of 3 months by means of a registered letter.

Each party is entitled to terminate the present Agreement by law and with immediate effect if the other party should seriously infringe its contractual obligations and fails to correct or to stop this infringement upon receipt of a written reminder in which the defaulting party is requested to correct or to stop the infringement within 10 days as from the receipt thereof.

Any notice or termination of the present Agreement shall be effected by means of a registered letter.

In consideration for the Services, MELPAR shall be paid immediately upon receipt of the invoice sub. article 7.2. a sum of EUR 22.000,00, VAT excl., on a monthly basis (the" Monthly Consideration").

MELPAR shall issue at the beginning of each month, starting from the first month after the date of execution of this Agreement, an invoice with regard to the installments specified in article 7.1. pertaining to such month.

ALTAIRNANO shall reimburse the specific expenses at its expense and incurred by MELPAR in the performance of the Services upon the production of supporting written proof.

Any amount due and not paid on due date will likewise automatically bear interest of 10% a year, acquired day by day.

In the event of termination of the present Agreement in accordance with the above Article 5, MELPAR shall return all and any documents which have been put at his disposal by ALTAIRNANO or with the latter's approval, to ALTAIRNANO within .. days as from the termination of the present Agreement at the latest.

The termination of the present Agreement for whatever reason shall not prejudice the rights acquired by each party.

MELPAR recognizes and agrees to sign ALTAIRNANO's Confidential Information, Non solicitation, Invention and Arbitration Agreement for an Independent Service Provider (separate document) prior to commencement of any work under this agreement.

However, if the content of the agreement sub. article 9.1. should be contrary to the stipulations of the undersigned Agreement, the latter shall prevail.

MELPAR represents, warrants and covenants that (1) MELPAR is not bound by any non competition, confidentiality or similar covenant designed to protect the business and property of another person that would prohibit or restrict Service Company's performance of the Services hereunder, (2) MELPAR has the full and unrestricted right to disclose any and all information, knowledge or data disclosed or to be disclosed to ALTAIRNANO in the course of performing the Services, and (3) ALTAIRNANO shall have the full and unrestricted right and license to use, disseminate and publish all such information, knowledge and data as it may see fit, subject only to such prior rights of others as may be disclosed to ALTAIRNANO at the time the respective information, knowledge or data is disclosed to ALTAIRNANO.

Any notice required to be given pursuant to this Agreement shall be in writing and mailed by certified or registered mail, return receipt requested, or delivered by a national overnight express service such as DI-11_, or by telefax communication with an acknowledgment by the recipient.

Notices shall be delivered to the address or facsimile number set out in the preamble of this Agreement unless, provided that any party may change the address or facsimile number to which notice or payment is to be made by written notice to the other party under any provision of this Section.

If any part or any clause of the present Agreement is for whatever reason found to be invalid or unenforceable, the remaining parts or clauses shall not be affected by this and shall remain valid and enforceable as if the invalid or unenforceable parts or clauses were not part of the present Agreement.

Any such part or clause shall be replaced by a provision which, inasmuch as this is legally possible, comes closest to what the parties aimed at in the part or clause concerned.

The present Agreement constitute the entire agreement between the parties as regards the subject matter of the present Contract and replace any previous negotiations and agreements.

Unless if explicitly otherwise provided in the present Agreement the latter can only be modified or amended by means of a written agreement signed by duly authorized representatives of both parties.

The present Agreement shall be governed by and construed according to Belgian law.

The courts of Brussels shall have exclusive jurisdiction over any dispute ensuing from the present Agreement between the parties.