Contract for Professional and Technical Services



 Exhibit 10.25 
 CONTRACT FOR PROFESSIONAL AND TECHNICAL SERVICES 
 BETWEEN GEOVIC CAMEROON PLC 
 AND 
 GEOVIC, LTD. 
 THIS
CONTRACT for Professional and Technical Services, and amendments thereto, together with the Schedules hereto (“Services Contract”) is made effective as of January 1st, 2008 (the “Effective Date”), by and between Geovic Cameroon PLC, a company under Cameroonian Law, (hereinafter referred to as “GeoCam”) having a head office located at Bastos –
Yaoundé, P.O. Box 11555, Cameroon, and Geovic, Ltd., a body incorporated under the laws of the Cayman Islands and a wholly-owned operating subsidiary of Geovic Mining Corporation, (hereinafter referred to as “Geovic”) having a head
office located at 743 Horizon Court, Suite 300A, Grand Junction, Colorado, 81506, USA (each a “Party” and collectively, the “Parties”). 
 PREAMBLE 
 WHEREAS, GeoCam, the exclusive holder of the mining
rights and titles resulting from the Mining Convention of the 31st of July 2002 and Mining Permit N° 33 of 11 April 2003, may procure as
necessary certain professional and technical services (“Services”); 
 WHEREAS, GeoCam is in need of Services to advance its
Nkamouna and Mada cobalt-nickel-manganese and related projects (“Project”) in southeastern Cameroon; 
 WHEREAS, Geovic is
duly qualified and willing to perform the Services set forth in this Services Contract to GeoCam in support of project development and administration of certain aspects of GeoCam’s Nkamouna Project and Mada Project in southeastern Cameroon;

 WHEREAS, in order to provide these Services in the most proficient and cost-effective manner, Geovic will capitalize on its unique
strength in management, planning and developing the operating competencies of mining companies and mining projects; Geovic has developed these strengths through the extensive experience of its management and staff with many mining companies, public
and private, and a multitude of resource related projects located around the world. 
 MINDFUL of the fact that the Services to be
performed by Geovic in this Services Contract are based on GeoCam’s annual Work Program and Budget for 2008 (“GeoCam 2008 Budget”), to be approved by the Directors and attached hereto as Schedule A; 
 NOW THEREFORE THIS SERVICES CONTRACT WITNESSES that in consideration of the mutual covenants and agreements contained herein, the Parties agree as
follows: 
  

	1.	SERVICES TO BE RENDERED 

 Geovic agrees to perform
Services to GeoCam in accordance with the needs and requirements of the Project development cycle, as may be requested by GeoCam. Details of General Services that may be requested by GeoCam (“Generally Requested Services”) are described
and attached hereto as Schedule B. 
 Based on the GeoCam 2008 Work Program and Budget, Geovic agrees to perform Services requested by GeoCam
(“2008 Requested Services”) as specifically described and attached hereto as Schedule C. 
  

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 The Services to be performed including the schedule shall be
requested quarterly and in advance by GeoCam Management (“Quarterly Request Services”) as described and attached hereto as Schedule D. A quarterly report concerning the Services performed under the Services Contract shall be provided to
GeoCam Management at the end of each quarter. 
  

	2.	GEOVIC TEAM 

 The Geovic team is led by its Chief
Executive Officer (CEO), John Sherborne who will be responsible for overall direction of the Services. Mr. Sherborne has held the CEO position since 2004 and before that served as the company’s Executive Vice President since 2002.
Previously, he worked as an independent consultant for petroleum and mining companies specializing in strategic planning and new business development. Earlier, Mr. Sherborne served in a number of senior executive and management positions with
Unocal Corporation over a career spanning 30 years. 
 The direction of all Project related activities will be the responsibility of
Geovic’s Chief Operating Officer (COO), David Beling. Mr. Beling is a licensed Mining Engineer with more than 40 years experience in all facets of the mining industry, from technical studies to project and corporate financing to executive
management. He has been with Geovic since 2003. 
 Mr. Gary Morris, a Geovic
Senior Vice President since 2001, will have the key role as Chairman of the Board of Directors and General Manager (GM, until May 31st, 2008)
of GeoCam, providing overall leadership for the corporate activities of the Cameroonian company. Mr. Morris, a registered Professional Geologist, has more than 30 years experience in energy and mineral exploration and development, environmental
permitting and compliance and land management. 
 Serving as the Chief Geologist for the Services will be William Buckovic, Geovic’s
founder and President and co-founder of GeoCam. Mr. Buckovic is an international exploration professional with a number of significant mineral deposit discoveries to his credit during his 35 year career, including the recognition of the major
cobalt potential of the Cameroon nickel occurrences. 
 All finance related needs of GeoCam will be the responsibility of Geovic’s Chief
Financial Officer (CFO), Greg Hill. Mr. Hill joined the Geovic team in 2006 following more than 30 years of finance related experience with energy, mining and information and medical technology companies. Mr. Hill holds an MBA from the
Harvard Business School. 
 Mineral marketing activities will be carried out by Mike Mason, a consultant (Marketing Consultant) to Geovic for
the past three years, who heads his own mineral marketing firm, Mineral Services LLC and serves as President of MBMI Resources, a publicly traded junior mining company. Mr. Mason is a mining engineer with 40 years experience in the industry,
much of it in minerals sales and trading. 
 Support for the Geovic Services will be provided by Mike Walthall, company Controller, Andrew
Ramcharan, mine planning engineer, Shelia Short, the company’s Corporate Secretary, Dawn Buckovic, office manager, accounting professionals Shelley Vehik and Misty Rothchild and Tinamarie Mahlum, senior administrator and Charlene Shell,
administrative assistant and Geovic consultants, Dominic Arrieta, assay coordinator, John Ljung and Bill Victor, mining geologists, Ed Roemer, drafting and Judy Morris, office and housing coordinator. 
  

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	3.	REMUNERATION 

 The remuneration for the performance
of Services by Geovic during the term of this Services Contract shall be based on total Geovic man/hours involved for carrying out the said Services as detailed and attached hereto as Schedule E. 
 The hourly (Man-Hour) rates charged for the Geovic team listed by key discipline categories are as follows for 2008: 
  

			
	Position	  	Rate US$
	 CEO
	  	220
	 COO
	  	200
	 CFO
	  	165
	 Sr.VP/GeoCam GM
	  	165
	 Chief Geologist
	  	165
	 Controller
	  	130
	 Marketing Consultant
	  	140
		  	
	 Mining Geologist (2)
	  	120
	 Mine Planning Engineer
	  	120
	 Assay Coordinator
	  	60
	 Corporate Secretary
	  	90
	 Sr. Administrator
	  	70
	 Sr. Accountant
	  	70
	 Accountant
	  	50
	 Office Manager
	  	70
	 Administrative Assistant
	  	50
	 Office/Housing Coordinator
	  	40
	 Drafting Technician
	  	60

  

	4.	OUTSIDE CONTRACTORS AND OTHER PROJECT COSTS 

 All
contracts with outside contractors relating to the Project within the scope of this Services Contract shall be signed by GeoCam and all related Project Costs shall be paid directly by GeoCam. 
  

	5.	TERMS AND CONDITIONS OF PAYMENT 

 The remuneration
for the performance of Services by Geovic under this Services Contract is negotiated on reasonable commercial terms in consideration of arm’s length principles and the OHADA Uniform Acts, as well as in accordance with Article 3 and Article 7,
Section 7.3 of the GeoCam Shareholders Agreement. 
 Normal costs and expenses (notably transportation, lodging, telecommunications,
meal, incidental) incurred by Geovic Team in respect of this Services Contract shall be paid directly by GeoCam or reimbursed on an actual cost reimbursable basis. 
 Geovic shall invoice GeoCam quarterly for Services performed and reimbursable expenses costs incurred subject to the terms outlined above in this Services Contract. Any payment not received within thirty
(30) days of the date of the invoice will be subject to a late payment fee of one percent (1%) per month delinquent. 
 All
payments made by GeoCam pursuant to this Services Contract shall be paid by GeoCam in U.S. Dollars unless otherwise agreed to by the Parties. 
  

 pg 3 of 12 









	6.	RESPONSIBILITY OF GEOVIC 

 Geovic shall perform its
duties under this Services Contract in compliance with the laws and regulations of the Republic of Cameroon and the Mining Convention and Mining Permit in a prudent manner in accordance with the degree of care and skill as the standards of
reputable, comparable third party service providers. 
  

	7.	LIABILITY 

 In provision of the Services hereunder
and subject to the application of the rules of agency, neither Geovic nor any of its affiliates nor any employees or agents of any of them shall be liable for any act or omission resulting in loss or damage to GeoCam, or any of its respective
affiliates, except to the extent that such loss or damage is caused by the gross negligence or willful misconduct of the employees of Geovic or any of its affiliates or agents of any of them in the course of their employment or agency.
Notwithstanding the foregoing, neither Geovic, nor any of its affiliates, nor any employees or agents of any of them shall be liable for any indirect, consequential or punitive damages, including without limitation, damages for lost profits or lost
business opportunities. 
  

	8.	OWNERSHIP OF DOCUMENTS AND INTELLECTUAL PROPERTY RIGHTS 

 GeoCam is the owner of all rights, titles, and interests in all of the intellectual property rights, including copyrights, patents, trade secrets, trademarks, and service marks in the Services, Works and Documents created under this
Services Contract. 
 Services and Works means all inventions, improvements, discoveries (whether or not patentable), databases, computer
programs, reports, notes, studies, photographs, negatives, designs, drawings, specifications, materials, tapes, and disks conceived, reduced to practice, created or originated by Geovic, its employees, agents, consultants, subcontractors, and
offshore contractors, either individually or jointly with others in the performance of this Services Contract. 
 Services and Works include
“Documents.” Documents are the originals of any databases, computer programs, reports, notes, studies, photographs, negatives, designs, drawings, specifications, materials, tapes, disks, or other materials, whether in tangible or
electronic forms, prepared by Geovic, its employees, agents, consultants, or subcontractors and offshore contractors, in the performance of this Services Contract. The Documents will be the exclusive property of GeoCam and all such Documents must be
immediately returned to GeoCam by Geovic upon completion or cancellation of this Services Contract. 
  

	9.	EMPLOYEES AND CONSULTANTS ON SECONDMENT 

 Notwithstanding any provisions to the contrary in this Services Contract, when Geovic provides its employee(s), consultant(s) or individual(s) to GeoCam to perform Services under the supervision, direction and control of GeoCam under a
Service Contract (hereinafter “Seconded Employee or/and Consultants”), the Seconded Employees or/and Consultants shall be advised by GeoCam of all office, Project and facility rules, regulations, safety and health applicable procedures.

 Geovic shall retain no right to supervise, direct or control the Seconded Employees and/or Consultants with respect to their performance
of Services and all such supervision, direction and control shall only come from GeoCam but with technical coordination from Geovic as needed. 
  

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	10.	TAXES 

 Any registration or tax requirements
arising from the Services Contract or from Services performed under this Services Contract, notably the Special Tax on Revenue and Value Added Tax shall be paid by GeoCam if and when applicable. 
  

	11.	TERM OF THE SERVICES CONTRACT 

 The term of this Services Contract shall be one (1) year from the Effective Date (January 1st, 2008). 
  

	12.	GENERAL PROVISIONS 

 The persons for each Party to whom notices are
to be delivered are specified as follows: 
 Geovic Cameroon PLC 
 P.O. Box 11555, 
 Bastos – Yaoundé, Cameroon 
 Richard Howe, Managing Director 
 Telephone: +237-22 21 45 18 
 Facsimile: +235-22 21 18 02 
 Geovic, Ltd. 
 743
Horizon Court, Suite 300A 
 Grand Junction, Colorado, USA 81506 
 Shelia Short, Corporate Secretary 
 Telephone: +970-256-9681 
 Facsimile: +970-256-9241 
  

	13.	ATTACHMENTS 

 Schedules A, B, C D and E, which are
attached hereto, are incorporated by this reference into this Services Contract as fully set forth herein. 
 Schedule A: GeoCam 2008 Budget 
 Schedule B: Generally Requested Services 
 Schedule C: 2008 Requested Services

 Schedule D: Quarterly Requested Services 
 Schedule E: 2008
Remuneration of Geovic 
 IN WITNESS WHEREOF, the Parties hereto have caused this Services Contract to be duly executed by their duly authorized
representatives, effective as of the Effective Date, signed in four (4) original copies in English. 
  

			
	GEOVIC CAMEROON PLC,
		
	 By:
	  	 /s/    Richard Howe

	 Name:
	  	RICHARD HOWE
	 Title:
	  	 General Manager

	
	GEOVIC, LTD., 
		
	 By:
	  	 /s/    John E. Sherborne

	 Name:
	  	JOHN E. SHERBORNE
	 Title:
	  	 Chairman and CEO


  

 pg 5 of 12 








 Schedule A 
 2008 GeoCam Budget 
  

											
	 GeoCam Direct Expenses – In Cameroon
 Description – Expense
	    	2008
US$	    	2008 US$
	    	    	Q1	    	Q2	    	Q3	    	Q4
	 Key Staff Housing
	    	1,500,000	    	0	    	0	    	600,000	    	900,000
	 Construction Worker Housing
	    	2,000,000	    	0	    	0	    	1,000,000	    	1,000,000
	 Kongo Camp expansion
	    	220,000	    	20,000	    	50,000	    	50,000	    	100,000
	 Access Road Improvements
	    	3,200,000	    	0	    	0	    	1,600,000	    	1,600,000
	 Plant & Tail Site Rough clearing and
 Preparation
	    	550,000	    	0	    	0	    	350,000	    	200,000
	 Communication Systems
	    	400,000	    	0	    	0	    	150,000	    	250,000
	 Drill, Pit, Trench, Assay – incl.
 outsource labor-field ops
	    	1,900,000	    	300,000	    	400,000	    	600,000	    	600,000
	 Surveying & Mapping-outsourced
	    	140,000	    	30,000	    	50,000	    	30,000	    	30,000
	 GeoCam Salaries, taxes, benefits –
 Yaoundé (16) + Field
	    	739,360	    	145,580	    	145,580	    	224,100	    	224,100
	 GeoCam Office Expenses-rent,
 utilities, setup-office, res
	    	330,000	    	32,500	    	82,500	    	107,500	    	107,500
	 Office Equipment & Supplies
	    	305,000	    	15,000	    	83,000	    	108,000	    	99,000
	 Legal Fees-local
	    	160,000	    	30,000	    	30,000	    	50,000	    	50,000
	 Audit, professional Services
	    	350,000	    	90,000	    	180,000	    	30,000	    	50,000
	 External Accounting
	    	60,000	    	15,000	    	15,000	    	15,000	    	15,000
	 GeoAid and Local Business
 Development
	    	750,000	    	75,000	    	150,000	    	250,000	    	275,000
	 Yaoundé Security – office, residence
	    	44,700	    	7,800	    	12,300	    	12,300	    	12,300
	 Visitor Expense – expats while in
 Cameroon
	    	75,000	    	15,000	    	15,000	    	24,000	    	21,000
	 Environmental Approvals & Consulting
 – permit fees, land
	    	300,000	    	80,000	    	80,000	    	100,000	    	40,000
	 Annual mine & Exp. Permit Fees
	    	125,000	    	125,000	    	0	    	0	    	0
	 Land Lease Fees
	    	325,000	    	325,000	    	0	    	0	    	0
	 Public Relations
	    	50,000	    	0	    	25,000	    	25,000	    	0
	 Kongo Camp Ops-supplies, equipment
	    	160,000	    	40,000	    	40,000	    	40,000	    	40,000
	 Fleet Vehicle Repairs
	    	80,000	    	20,000	    	20,000	    	20,000	    	20,000
	 Vehicle Replacement/Acquisitions
	    	450,000	    	225,000	    	225,000	    	0	    	0
	 Air Strip Engineering & Construction
	    	500,000	    	0	    	0	    	300,000	    	200,000
	 Aircraft Purchase
	    	1,600,000	    	0	    	0	    	1,500,000	    	100,000
	 GeoCam Board of Directors
 compensation
	    	50,000	    	12,500	    	12,500	    	12,500	    	12,500
	 SNI Technical Assistance – (*2008-est)
	    	500,000	    	125,000	    	125,000	    	125,000	    	125,000
	 Travel – in-country travel
	    	60,000	    	15,000	    	15,000	    	15,000	    	15,000
		    	 	    	 	    	 	    	 	    	 
	 Subtotal-Direct, Cameroon
	    	    16,924,060	    	    1,743,380	    	    1,755,880	    	    7,338,400	    	    6,086,400

  

 pg 6 of 12 









												
	GeoCam Offshore Expenses – In USA, elsewhere	  	2008	  	2008 US$
	 Description – Expense
	  	US$	  	Q1	  	Q2	  	Q3	  	Q4
	 Optimize Final Feasibility Study (RB5)
	  	 	700,000	  	300,000	  	400,000	  	0	  	0
	 Final tailing Facility Eng & GeoTech Analyses
 (K-P)
	  	 	500,000	  	200,000	  	300,000	  	0	  	0
	 Final Engineering (RB5)
	  	 	10,500,000	  	500,000	  	3,000,000	  	5,000,000	  	2,000,000
	 Procurement (RB5)
	  	 	1,200,000	  	0	  	0	  	300,000	  	900,000
	 Construction Management (RB5)
	  	 	700,000	  	0	  	0	  	100,000	  	600,000
	 Construction Mob. & Detail Preparation (RB5)
	  	 	9,000,000	  	0	  	0	  	1,000,000	  	8,000,000
	 Process Testing
	  	 	250,000	  	100,000	  	50,000	  	50,000	  	50,000
	 Process Consulting
	  	 	200,000	  	50,000	  	50,000	  	50,000	  	50,000
	 Legal Fees-construction
	  	 	180,000	  	20,000	  	30,000	  	100,000	  	30,000
	 Legal Fees-finance
	  	 	1,000,000	  	20,000	  	20,000	  	360,000	  	600,000
	 GeoCam Professionals to be hired (TBH)
	  	 	839,000	  	56,000	  	59,000	  	362,000	  	362,000
	 Payroll Burden & Benefits @ 30%-TBH Prof and
 Consulting
	  	 	251,700	  	16,800	  	17,700	  	108,600	  	108,600
	 Employee Relocation-TBH Professionals
	  	 	270,000	  	0	  	30,000	  	120,000	  	120,000
	 Financial Advisory & Due Diligence Fees
	  	 	700,000	  	150,000	  	150,000	  	150,000	  	250,000
	 Political Risk Insurance
	  	 	300,000	  	0	  	75,000	  	100,000	  	125,000
	 Geovic Technical Assistance – (*2008-est)
	  	 	1,606,000	  	347,000	  	387,000	  	431,000	  	441,000
	 Geovic Travel
	  	 	0	  	0	  	0	  	0	  	0
	 Subtotal-Offshore, USA
	  	 	        28,196,700	  	    1,759,800	  	    4,568,700	  	    8,231,600	  	    13,636,600
		  	 	 	  	 	  	 	  	 	  	 
						
		  			  		  		  		  	
		  	 	 	  		  		  		  	
	 Total 2008 Budget
	  	$	45,120,760	  		  		  		  	
		  			  		  		  		  	

 Total funds to be expended by GeoCam in 2008 that are the basis of this Services Contract
approximate US$45,120,760, as the approved by the Board of Directors 
  

 pg 7 of 12 








 Schedule B 
 GENERALLY REQUESTED SERVICES 
 BY
GEOCAM 
 Under the overall management, supervision and control of the GeoCam General Manager, Geovic will provide a scope of Services to
GeoCam ranging from executive management training and development for the company’s staff and training of Project field-related technical professionals and staff involved in prospecting, resource and reserve estimation, engineering services and
related activities. These Services shall generally include: 
  

	 	(a)	assist in the analysis of and planning for exploration operations and other work related to the pre-feasibility study stage of the operation; 

  

	 	(b)	 assist in the analysis of and planning for development operations, mine construction operations and mining operations including all work related to the
preparation of feasibility study and necessary documents for project financing; 


  

	 	(c)	 assist in the preparation of tender materials, reviewing bids and interviewing and selecting the engineering, architectural and construction firms that will work
on any aspect of the Project; 


  

	 	(d)	 assist in negotiating contracts on behalf of GeoCam with any engineering, architectural and construction firms so selected; 


  

	 	(e)	 assist in arranging for and supervising any mine planning, engineering, pre- stripping and other work to be performed for GeoCam. 



 

	 	(f)	 assist in coordinating and scheduling the work of any firms selected to perform offshore work, and supervising the performance of such firms as requested by
GeoCam; 


  

	 	(g)	 assist in procuring materials, supplies, equipment or services as may be needed or required in connection with the Project when suppliers are located abroad;



  

	 	(h)	 assist in marketing minerals produced by or for the Project; 


  

	 	(i)	 assist in securing insurance coverage for the Project; 


  

	 	(j)	 assist in applying for, obtaining and maintaining, all necessary governmental approvals or permits necessary in connection with any activity of the Project;



  

	 	(k)	 assist in conducting relations with all international entities in connection with the Project; 


  

	 	(l)	 providing the GeoCam General Manager with quarterly reports concerning the Services performed under the Services Contract; 


  

	 	(m)	 performing all such other acts and things as may be requested by GeoCam in connection with any aspect or activity of the Project. 



 

 pg 8 of 12 








 Schedule C 
 2008 REQUESTED SERVICES 
 BY GEOCAM

 Services to be performed by Geovic for the GeoCam 2008 Work Program and Budget under the overall management, supervision and control
of the GeoCam General Manager: 
  

	 	—	 	 Geovic will assist in providing executive training to direct the leadership and management development of key GeoCam employees. 


  

	 	—	 	 Geovic will assist in planning and directing the installation of certain infrastructure and project construction facilities to allow major construction
activities to begin efficiently in late 2008. Access roads, temporary housing, office and cafeteria facilities will be installed to accommodate construction workers and staff along with the first phase of permanent key staff housing. Communications
and utilities facilities and a small airstrip will also be installed. Geovic will assist in preparing bids and in soliciting competitive quotations prior to starting these programs. 


  

	 	—	 	 Geovic will assist in continuing the evaluation of the two relatively large trenches, each sufficiently deep to reach the ferralite ore zone to better define and
develop an ore control program, and for mine planning. Geovic will assist in planning and in carrying out additional drilling in the Nkamouna area with an objective to double ore reserves in support of doubling project metal production when the
cobalt market allows. Drilling will also be conducted to expand inferred resources to as much as 500 million tonnes from the current estimate of 145 million tonnes in the Mada area. 


  

	 	—	 	 Geovic will assist in directing the completion of pilot scale leach, SX and pyrohydrolysis studies and design and assist in directing additional physical upgrade
testing to better optimize mine and metallurgical planning. 


  

	 	—	 	 Geovic will assist in directing the expansion of topographic mapping to cover additional areas, such as the air strip and new drilling completed in the Nkamouna
and Mada areas. 


  

	 	—	 	 Geovic will assist in conducting follow up work needed on environmental permit requirements and assist in updating related documents, as appropriate, including
the development of a biodiversity plan. 


  

	 	—	 	 Geovic will assist in directing the optimization of the Final Feasibility Study by a consortium of engineering companies and expected to be completed by
September 2008. 


  

	 	—	 	 Geovic will assist in directing the performance and completion of the studies contracted with Knight Piesold to design various project facilities, and in
particular, the Napene Creek tailings storage facility. These studies are slated for completion by early 2008. 


  

	 	—	 	 Following completion of the optimization of the Final Feasibility Study and assuming that the GeoCam Board of Directors authorizes continued advancement of the
Project, Geovic will assist in selecting an engineering and construction firm and assist in negotiating contracts to build the Project. 


  

	 	—	 	 Geovic’s cobalt, nickel and manganese marketing expert and other Geovic, Ltd. employees will assist GeoCam in their efforts to secure metal sales agreements
and arrangements. 


  

 pg 9 of 12 









	 	—	 	 Geovic will assist in discussions with various international insurance groups to source Project political risk and commercial insurance and will assist GeoCam in
concluding such insurance agreements. 


  

	 	—	 	 Geovic will assist the management of GeoCam to develop budgets and appropriate controls and specialized software system and operating protocols for GeoCam’s
Yaoundé and Kongo offices and such financial and other controls and operating protocols as may be required or appropriate to comply with applicable international accounting and auditing standards and stock exchange requirements.



  

	 	—	 	 Geovic will assist in discussions and in the conclusion of arrangements with various international financial institutions to enable GeoCam to source the funds
for project finance if the GeoCam Board of Directors authorizes Project construction. 


  

 pg 10 of 12 








 Schedule D 
 QUARTERLY REQUESTED SERVICES 
 PERFORMER:
    GEOVIC, LTD. 
 DATE OF ISSUANCE: 
 BASIS FOR PAYMENT: 
  

	 	 ̈	 Man-Hours involved for carrying out the work at the hourly rates US$ specified in the Services Contract, article 3. 


  

	 	 ̈	 Travel costs billed on an actual cost reimbursable basis. 


  

					
	SCOPE OF SERVICES:
	Seconded:	 	Yes:   ̈	 	No:   ̈
	Description
	 
	 

  

	
	PERFORMANCE SCHEDULE:
	 
	 

  

	
	TERMS AND CONDITIONS:
	  
 This Requested Services shall be governed by the terms and conditions set forth in the Contract for Professional and Management Services between GEOVIC
CAMEROON PLC and GEOVIC, LTD., Effective Date, January 1st, 2008.
  
  
  


  

			
	ACCEPTED BY:	 	REQUESTED BY:
		
	                         GEOVIC, LTD.

	 	             GEOVIC CAMEROON PLC

		
	 Signature
	 	 Signature

		
	 Name:
	 	 Name:

		
	 Title:
	 	 Title:

		
	 Date:
	 	 Date:


  

 pg 11 of 12 








 Schedule E 
 2008 REMUNERATION OF GEOVIC SERVICES 
  

													
	Service Charges	  			 		  		  		
	 Discipline
Administration    
	  	Activity (mos.) 	  	Factor (%)	 	 	        Man
        Hours	  	            Charge
            $/MH	  	    Charge US$
						
	 CEO
	  	12	  	30	%	 	576	  	220	  	    $	            126,720
	 CFO
	  	12	  	50	%	 	960	  	165	  	    $	158,400
	 Controller
	  	12	  	30	%	 	576	  	130	  	    $	74,880
	 Corp. Secretary
	  	12	  	10	%	 	192	  	90	  	    $	17,280
	 Sr. Admin. Asst.
	  	12	  	30	%	 	576	  	70	  	    $	40,320
	 Admin Asst.
	  	12	  	30	%	 	576	  	50	  	    $	28,800
	 Sr. accountant
	  	12	  	30	%	 	576	  	70	  	    $	40,320
	 Accountant
	  	6	  	50	%	 	480	  	50	  	    $	24,000
	 Office Manager
	  	12	  	10	%	 	192	  	70	  	    $	13,440
						
		  		  			 		  		  		
	 Subtotal
	  	 	  	 	 	 	 	  	 	  	    $	524,160
						
	Project	  		  			 		  		  		
	 COO/Proj. Mgr.
	  	12	  	90	%	 	1728	  	200	  	    $	345,600
	 GeoCam GM
	  	12	  	90	%	 	1728	  	165	  	    $	285,120
	 Chief Geol.
	  	12	  	40	%	 	768	  	165	  	    $	126,720
	 Marketing
	  	12	  	50	%	 	960	  	140	  	    $	143,400
						
	 Proj. Eng.
 Mining
	  	6	  	60	%	 	576	  	130	  	    $	74,880
	 Geologist (2)
	  		  			 		  	120	  		
	 Mine Planning
	  		  			 		  		  		
	 Engineer
	  	6	  	50	%	 	480	  	120	  	    $	57,600
	 Office/Housing
 coordinator
	  	12	  	50	%	 	960	  	50	  	    $	48,000
	 Assay Coord.
	  	12	  	10	%	 	192	  	60	  	    $	11,520
	 Subtotal
	  	 	  	 	 	 		  		  	    $	1,092,840
		  		  			 		  		  	 	 
	 Total Service Charges - 2008 estunate
	  
	 		  		  	    $	1,617,000
		  		  			 		  		  		

  

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