Document:

exv10w3

 

EXHIBIT 10.3

THIS AGREEMENT entered into the 6th day of August, 2002

	 	 	 	 	 
	BETWEEN:	 	 	 	CAMPBELL
RESOURCES INC.
	 	 	 	 	a corporation incorporated under
	 	 	 	 	the laws of Canada
	 	 	 	 	 
	 	 	 	 	(hereinafter
called the “Campbell”)
	 	 	
-and-	 	 
	 	 	 	 	CLAUDE BÉGIN,
	 	 	 	 	of the City of Montréal, in the Province of Québec
	 	 	 	 	 
	 	 	 	 	(hereinafter called the “Employee”)

WHEREAS the Employee has been employed by and has served as an executive
officer of Campbell since April 2001;

AND WHEREAS Campbell wishes to enter into this agreement to provide certain
terms and conditions of the Employee’s continued employment as Executive Vice
President and Chief Operating Officer of Campbell, including certain rights in
the event of a Change of Control, as more particularly described herein;

     NOW THEREFORE THIS AGREEMENT WITNESSETH that for other good and valuable
consideration, and the sum of one dollar ($1.00) now paid by each party hereto
to the other (the receipt whereof is hereby by each of them acknowledged), the
parties here covenant and agree as follows:

1.     The Employee shall be employed as Executive Vice President and Chief
Operating Officer of Campbell on a full time basis and shall perform such
duties and exercise such powers as are from time to time assigned to the
Employee. The Employee shall also serve as a director, officer or employee of
such affiliates or associates of Campbell as Campbell may from time to time
require. The Employee shall devote his full time and attention to the affairs
of Campbell and its affiliates and associates.

2.     The Employee shall be paid an annual salary of $132,000, payable bi-weekly
in arrears. Salary reviews shall be carried out by the Compensation Committee
of the Board of Directors on a periodic basis.

3.     While employed by Campbell, the Employee shall be entitled to health and
other benefits that are covered by group insurance programs, and other benefits
to the Employee, which are provided to senior employees by Campbell under its
benefit plans subject to such eligibility and other requirements as may apply.
Campbell shall provide pension benefits through participation in a Campbell
Pension Plan or at Campbell’s option, through contributions made to the
Employee’s RRSP, such pension benefits to be in accordance with Campbell’s
policy for senior employees.

 

 

4.     The Employee shall be entitled to five weeks annual vacation to be taken at
such time as Campbell may prescribe. Only two weeks of this vacation
entitlement may be carried forward from year to year provided that no vacation
entitlement may be carried forward for more than one year.

5.     Subject to the provisions of paragraph 9 hereof, the employee’s employment
under this agreement may be terminated as follows:

	 	(a)	 	by the Employee, upon three months notice in writing;
	 
	 	(b)	 	in the event of a Change of Control, as defined in paragraph
13, the Employee shall have the right, within six months thereof on
thirty days notice in writing to Campbell, to resign his position as
Executive Vice President and Chief Operating Officer and any other
directorships or offices that she may hold as a result of his
employment with Campbell and upon such resignation to be paid
forthwith twenty-four months salary by way of lump sum payment plus
benefits as set out in paragraphs 7 and 8 below. In addition, the
employee shall be entitled to have an additional twenty-four months
of pension benefits as described in paragraph 3 of this Agreement
added to his pension benefits entitlement. Such pension benefit is
to be calculated on the basis that the Employee had been employed
for the additional twenty-four months at a salary equal to that paid
to the Employee at the time of such resignation;
	 
	 	(c)	 	by Campbell, for cause, at any time forthwith, without notice
or payment in lieu of notice. For greater certainty, cause shall
not include the refusal of the Employee to accept either a
relocation from his existing city of residence or a change in the
nature of employment that would lessen the status, authority or
responsibility of the Employee; or
	 
	 	(d)	 	by Campbell, upon payment forthwith of a lump sum amount
equal to twenty-four months salary in lieu of notice plus benefits
as set out in paragraphs 7 and 8 below.

6.     For the purposes of this agreement, the salary payable to the Employee under
subparagraphs 5(b) or (d) is in lieu of notice or other compensation to which
the Employee may otherwise be entitled and the Employee shall be under no
obligation to act to mitigate any payment due hereunder or otherwise suffer a
reduction of any payment due hereunder to the Employee by virtue of any
compensation or payments which the Employee may receive after cessation of
employment by Campbell from any other source whatsoever.

7.     In the event that the Employee resigns under subparagraph 5(b) or the
Employee’s employment is terminated under subparagraph 5(d), the Employee shall
be entitled to continuation of the benefits set out in paragraph 3 for
twenty-four months from the date of resignation or termination or payment
forthwith by Campbell of a lump sum amount in lieu thereof.

8.     The Employee’s outstanding rights if any at the time of resignation or
termination under Campbell’s Employee Incentive Plan shall continue for
twenty-four months from the date of resignation or termination except that the
Employee’s right under any stock options outstanding at the time of resignation
or termination shall immediately become fully exercisable and shall

 

 

expire at
the close of business on the ninetieth day following the date of resignation or
termination or the next business day if the ninetieth day is not a business
day. Should the Employee exercise outstanding options, Campbell shall deliver
the share certificate(s) representing the shares issued pursuant to the
exercise of options against payment to Campbell of the aggregate exercise price
at a closing to be held within five (5) business days of receipt by Campbell of
notice of exercise of option in writing. If the Employee has not previously
elected to participate in the share purchase plan of the Employee Incentive
Plan, she shall be deemed not to have any outstanding rights under such plan.

9.     In the event that the Employee becomes permanently disabled, the Employee or
Campbell may terminate this agreement by giving 90 days notice in writing
provided that the Employee shall be entitled to receive long term disability
benefits under Campbell’s long term disability policy and provided that
Campbell agrees to pay to the Employee, a monthly amount equal to the amount of
the Employee’s monthly salary not covered by the benefits under Campbell’s long
term disability policy along with the other benefits to which the Employee
would be entitled for twenty-four months from the date that the Employee
becomes permanently disabled. In the event that the Employee is not entitled
to receive long term disability benefits under Campbell’s long term disability
policy or Campbell will not agree to pay the Employee the amount not covered by
the long term disability policy of Campbell, then Campbell will only be
entitled to terminate this agreement pursuant to subparagraph 5(d). For the
purposes of this paragraph, permanent disability means any medical condition,
as determined by a legally qualified medical practitioner selected by Campbell
which to a substantial degree, prevents or impairs the Employee from performing
his obligations and duties and has existed for a continuous period of more than
120 days in any 365 consecutive days or for periods aggregating 185 days in any
365 consecutive days and in the opinion of the medical practitioner is like to
continue.

10.     It is agreed by the Employee and Campbell that the notice periods and
payments provided in paragraph 5 are reasonable and fair, given all the
circumstances, and that no other notice periods, express or implied, shall
apply.

11.     In the event that the Employee exercises his right of resignation under
subparagraph 5(b), or is terminated under subparagraph 5(d), subject to any
restriction in the right of Campbell to grant an indemnity to the Employee
pursuant to the provisions of the Canada Business Corporations Act, Campbell
hereby agrees to indemnify and save the Employee, his heirs, executors,
administrators and other legal personal representatives, harmless from and
against any and all losses, claims, actions, suits, proceedings, damages,
liabilities, charges, or expenses of whatsoever nature or kind, (including,
without limitation, any investigation expenses or other expenses and
disbursements incurred in connection with testifying or otherwise participating
in any legal or other proceedings before any court or regulatory authority) ,
that the Employee may sustain or incur, arising from or connected with or in
respect of any actions, suits or proceedings
proposed, commenced or prosecuted against the Employee or to which the Employee
may be or may become subject, by reason of or in respect of, anything done or
permitted by the Employee in or about the execution of the duties of the
Employee in his role as an executive officer or employee of Campbell, or any of
its associated or affiliated companies, or by reason of his acting or having
acted as an executive officer of Campbell, or any of its associated or
affiliated companies and from all other costs, charges and expenses that the
Employee may sustain or incur by reason of or arising from or in any manner
connected with or in relation to his employment by Campbell or the affairs
thereof.

 

 

     In case any action or other proceedings is brought against the Employee,
in respect of which indemnity may be sought hereunder, the Employee shall give
Campbell prompt notice of any such action or other proceeding of which the
Employee has knowledge, and Campbell shall undertake the investigation and
defence thereof on behalf of the Employee, including employment of counsel
acceptable to the Employee and payment of all fees and expenses.

     No admission of liability and no settlement of any action or other
proceedings brought against the Employee shall be made without the consent of
Campbell and the Employee, such consent not to be unreasonably withheld.

     Notwithstanding that Campbell agrees to undertake the investigation and
defence
of any action or other proceeding brought against the Employee, the Employee
shall have the right to employ separate counsel in any such proceeding and
participate in the defence thereof, but Campbell shall not be liable to pay the
fees and expenses of such counsel unless:

	 	(a)	 	employment of such counsel has been authorized by Campbell,
or
	 
	 	(b)	 	Campbell has not assumed the defence of the action or other
proceedings within a reasonable period of time after receiving
notice thereof, or
	 
	 	(c)	 	the named parties to any such action or other proceedings
include Campbell and the Employee, and the Employee shall have been
advised by counsel that there may be a conflict of interest between
Campbell and the Employee, or
	 
	 	(d)	 	there are one or more legal defences available to the
Employee which are different from or in addition to those available
to Campbell.

     The indemnity herein provided to the Employee shall not apply in the event
and to the extent that a court of competent jurisdiction in a final judgement
shall determine that the Employee was guilty of gross negligence or fraud.

12.     In the event that the Employee exercises his right of resignation under
subparagraph 5(b) or is terminated under subparagraph 5(d), Campbell hereby
agrees, effective the date of such resignation, to release, remise, acquit and
forever discharge the Employee, his heirs, executors, administrators and other
legal personal representatives and all of the Employee’s respective lands,
assets, properties, estates and effects whatsoever and wheresoever situate, of
and from any and all liabilities of every nature and kind, whether contingent
or otherwise, debts, sum and sums of
money, accounts, dues, contracts, agreements, indemnity, covenants, whether
express or implied, claims, demands, legal costs, interest, loss or injury of
every kind or nature whatsoever, actions, suits damages, causes of action,
manner of actions, claims, counter-claims and demands whatsoever and however
arising either at law or in equity or otherwise, against the Employee which
Campbell ever had, has at the date of such resignation or which Campbell, its
successors or assigns or any of them, at any time thereafter can, shall, or may
have, for or by reason of, or in any way arising from, any cause, matter or
thing whatsoever existing up to the date of such resignation, including,
without limitation, any matter arising out of or in any way related to or
connected with or by reason of the Employee’s having been an executive officer
or employee of Campbell, or any of its associated or affiliated companies, or
by virtue of the employment of the Employee by Campbell. The release and
discharge provided herein shall not apply in

 

 

circumstances in which a court of
competent jurisdiction in a final judgement shall determine that the Employee
was guilty of gross negligence or fraud.

     For greater certainty, this release and discharge does not waive
Campbell’s right to collect money loaned to the Employee which is validly owing
and outstanding at the time of exercise of the right of resignation or
termination of employment.

13.     For purposes of this agreement, “Change of Control” means at any time from
the effective date of this agreement:

	 	(a)	 	a change of one-third or more of the directors of Campbell
unless approved by a majority of the Board of Directors; or
	 
	 	(b)	 	any acquisition of thirty per cent (30%) or more of the
common shares of Campbell, or voting rights in respect thereof, by
any person or company which is accompanied by a request by that
person for representation on the Board of Directors of Campbell and
which acquisition is not approved by a majority of the directors of
Campbell.

14.     Any notice or other communication required or permitted to be given or made
hereunder shall be in writing and shall be well and sufficiently given or made
if (a) enclosed in a sealed envelope and delivered in person to the party
hereto to whom it is addressed (or in the case of Campbell, to the receptionist
or other responsible employee, not being the Employee) at the relevant address
set forth below; or (b) telexed, telegraphed, telecopied or sent by other means
of recorded electronic communication if to Campbell, addressed to the
President, Suite 1405, 1155 University, Montréal, Québec H3B 3A7 and if to the
Employee, addressed to him at his most recent address as shown on the records
of Campbell. Any notice or other communication so given or made shall be deemed
to have been given or made and to have been received on the day of delivery, if
delivered, and the day of sending, if sent by telex, telegraph, telecopy or
other means of recorded electronic communication, provided such delivery or
sending is during normal business hours on a business day or if not on the next
business day thereafter. Either party hereto may change his or its address for
notice by notice to the other party hereto given in the manner aforesaid.

15.     No provision of this agreement may be modified or amended unless such
modification or
amendment is authorized by the Board of Directors or a Committee thereof and is
agreed to in writing, signed by the Employee and Campbell. No waiver by either
party hereto or any breach by the other party hereto of any condition or
provision of this agreement to be performed by such other party shall be deemed
a waiver of similar or dissimilar provisions or conditions at the time or any
prior or subsequent time.

16.     This agreement contains all of the terms and conditions agreed by the
parties hereto and supersedes all prior agreements and understandings. No
agreements or representations, oral or otherwise, express or implied, with
respect to the employment of the Employee by Campbell have been made by either
party which are not set forth expressly in this agreement.

17.     This agreement may not be assigned by either party without consent.

18.     This agreement shall enure to the benefit of and be binding upon the
parties hereto and their respective heirs, executors, administrators and
successors.

 

 

19.     This agreement shall be subject to and governed by the laws of the Province
of Québec. The Courts of Québec shall have exclusive jurisdiction with respect
to any dispute or other matter arising hereunder.

20.     The invalidity, illegality or unenforceability of any provision hereof
shall not in any way affect or impair the validity, legality or enforceability
of the remaining provisions hereof. The French version of the Agreement shall
govern all disputes.

21.     The legal fees and other costs and expenses pertaining to the enforcement
of this agreement or any of the terms hereof shall be borne by Campbell and
shall be paid forthwith upon demand by the Employee on submission of duly
receipted accounts.

22.     The Employee acknowledges and agrees that she has been given full
opportunity to obtain independent legal advice with respect to this agreement
and executes this agreement voluntarily and with full knowledge of the rights
granted and obligations imposed hereby.

     IN WITNESS WHEREOF Campbell has hereunto affixed its corporate seal under
the hands of its proper officers in that behalf duly authorized and the
Employee has hereto affixed his hand and seal.

	 	 	 	 	 
	 	 	CAMPBELL
RESOURCES INC.	 	 
	 	 	 	 	 
	 	 	
	 	 
	 	 	André Y. Fortier	 	 
	 	 	President and Chief Executive Officer	 	 
	 	 	 	 	 
	
	 	
	 	l.s
	Witness as to the signature	 	CLAUDE BÉGIN	 	 
	of the Employeeexv10w4

 

EXHIBIT 10.4

THIS AGREEMENT entered into the 6th day of August, 2002.

	 	 	 	 	 
	BETWEEN:	 	 	 	CAMPBELL RESOURCES INC.

a corporation incorporated under

the laws of Canada
	 	 	 	 	 
	 	 	 	 	(hereinafter
called the “Campbell”)
	 	 	
-and-	 	 
	 	 	 	 	ALAIN BLAIS,

of the Town of Chibougamau,

in the Province of Québec
	 	 	 	 	 
	 	 	 	 	(hereinafter called the “Employee”)

WHEREAS the Employee has been employed by a predecessor company since 1979 and
has been an executive officer of Campbell since January, 2001;

AND WHEREAS Campbell wishes to enter into this agreement to provide certain
terms and conditions of the Employee’s continued employment as Vice President,
Development and Geology of Campbell, including certain rights in the event of a
Change of Control, as more particularly described herein;

     NOW THEREFORE THIS AGREEMENT WITNESSETH that for other good and valuable
consideration, and the sum of one dollar ($1.00) now paid by each party hereto
to the other (the receipt whereof is hereby by each of them acknowledged), the
parties here covenant and agree as follows:

1.     The Employee shall be employed as Vice President, Development and Geology of
Campbell on a full time basis and shall perform such duties and exercise such
powers as are from time to time assigned to the Employee. The Employee shall
also serve as a director, officer or employee of such affiliates or associates
of Campbell as Campbell may from time to time require. The Employee shall
devote his full time and attention to the affairs of Campbell and its
affiliates and associates.

2.     The Employee shall be paid an annual salary of $100,000, payable bi-weekly
in arrears. Salary reviews shall be carried out by the Compensation Committee
of the Board of Directors on a periodic basis.

3.     While employed by Campbell, the Employee shall be entitled to health and
other benefits that are covered by group insurance programs, and other benefits
to the Employee, which are provided to senior employees by Campbell under its
benefit plans subject to such eligibility and other requirements as may apply.
Campbell shall provide pension benefits through participation in a Campbell
Pension Plan or at Campbell’s option, through contributions made to the
Employee’s RRSP, such pension benefits to be in accordance with Campbell’s
policy for senior employees.

 

 

4.     The Employee shall be entitled to five weeks annual vacation to be taken at
such time as Campbell may prescribe. Only two weeks of this vacation
entitlement may be carried forward from year to year provided that no vacation
entitlement may be carried forward for more than one year.

5.     Subject to the provisions of paragraph 9 hereof, the employee’s employment
under this agreement may be terminated as follows:

	 	(a)	 	by the Employee, upon three months notice in writing;
	 
	 	(b)	 	in the event of a Change of Control, as defined in paragraph
13, the Employee shall have the right, within six months thereof on
thirty days notice in writing to Campbell, to resign his position as
Vice President, Development and Geology and any other directorships
or offices that she may hold as a result of his employment with
Campbell and upon such resignation to be paid forthwith twenty-four
months salary by way of lump sum payment plus benefits as set out in
paragraphs 7 and 8 below. In addition, the employee shall be
entitled to have an additional twenty-four months of pension
benefits as described in paragraph 3 of this Agreement added to his
pension benefits entitlement. Such pension benefit is to be
calculated on the basis that the Employee had been employed for the
additional twenty-four months at a salary equal to that paid to the
Employee at the time of such resignation;
	 
	 	(c)	 	by Campbell, for cause, at any time forthwith, without notice
or payment in lieu of notice. For greater certainty, cause shall
not include the refusal of the Employee to accept either a
relocation from his existing city of residence or a change in the
nature of employment that would lessen the status, authority or
responsibility of the Employee; or
	 
	 	(d)	 	by Campbell, upon payment forthwith of a lump sum amount
equal to twenty-four months salary in lieu of notice plus benefits
as set out in paragraphs 7 and 8 below.

6.     For the purposes of this agreement, the salary payable to the Employee under
subparagraphs 5(b) or (d) is in lieu of notice or other compensation to which
the Employee may otherwise be entitled and the Employee shall be under no
obligation to act to mitigate any payment due hereunder or otherwise suffer a
reduction of any payment due hereunder to the Employee by virtue of any
compensation or payments which the Employee may receive after cessation of
employment by Campbell from any other source whatsoever.

7.     In the event that the Employee resigns under subparagraph 5(b) or the
Employee’s employment is terminated under subparagraph 5(d), the Employee shall
be entitled to continuation of the benefits set out in paragraph 3 for
twenty-four months from the date of resignation or termination or payment
forthwith by Campbell of a lump sum amount in lieu thereof.

8.     The Employee’s outstanding rights if any at the time of resignation or
termination under Campbell’s Employee Incentive Plan shall continue for
twenty-four months from the date of resignation or termination except that the
Employee’s right under any stock options outstanding

2

 

at the time of resignation
or termination shall immediately become fully exercisable and shall expire at
the close of business on the ninetieth day following the date of resignation or
termination or the next business day if the ninetieth day is not a business
day. Should the Employee exercise outstanding options, Campbell shall deliver
the share certificate(s) representing the shares issued pursuant to the
exercise of options against payment to Campbell of the aggregate exercise price
at a closing to be held within five (5) business days of receipt by Campbell of
notice of exercise of option in writing. If the Employee has not previously
elected to participate in the share purchase plan of the Employee Incentive
Plan, she shall be deemed not to have any outstanding rights under such plan.

9.     In the event that the Employee becomes permanently disabled, the Employee or
Campbell may terminate this agreement by giving 90 days notice in writing
provided that the Employee shall be entitled to receive long term disability
benefits under Campbell’s long term disability policy and provided that
Campbell agrees to pay to the Employee, a monthly amount equal to the amount of
the Employee’s monthly salary not covered by the benefits under Campbell’s long
term disability policy along with the other benefits to which the Employee
would be entitled for twenty-four months from the date that the Employee
becomes permanently disabled. In the event that the Employee is not entitled
to receive long term disability benefits under Campbell’s long term disability
policy or Campbell will not agree to pay the Employee the amount not covered by
the long term disability policy of Campbell, then Campbell will only be
entitled to terminate this agreement pursuant to subparagraph 5(d). For the
purposes of this paragraph, permanent disability means any medical condition,
as determined by a legally qualified medical practitioner selected by Campbell
which to a substantial degree, prevents or impairs the Employee from performing
his obligations and duties and has existed for a continuous period of more than
120 days in any 365 consecutive days or for periods aggregating 185 days in any
365 consecutive days and in the opinion of the medical practitioner is like to
continue.

10.     It is agreed by the Employee and Campbell that the notice periods and
payments provided in paragraph 5 are reasonable and fair, given all the
circumstances, and that no other notice periods, express or implied, shall
apply.

11.     In the event that the Employee exercises his right of resignation under
subparagraph 5(b), or is terminated under subparagraph 5(d), subject to any
restriction in the right of Campbell to grant an indemnity to the Employee
pursuant to the provisions of the Canada Business Corporations Act, Campbell
hereby agrees to indemnify and save the Employee, his heirs, executors,
administrators and other legal personal representatives, harmless from and
against any and all losses, claims, actions, suits, proceedings, damages,
liabilities, charges, or expenses of whatsoever nature or kind, (including,
without limitation, any investigation expenses or other expenses and
disbursements incurred in connection with testifying or otherwise participating
in any legal or other proceedings before any court or regulatory authority) ,
that the Employee may
sustain or incur, arising from or connected with or in respect of any actions,
suits or proceedings proposed, commenced or prosecuted against the Employee or
to which the Employee may be or may become subject, by reason of or in respect
of, anything done or permitted by the Employee in or about the execution of the
duties of the Employee in his role as an executive officer or employee of
Campbell, or any of its associated or affiliated companies, or by reason of his
acting or having acted as an executive officer of Campbell, or any of its
associated or affiliated companies and from all other costs, charges and
expenses that the Employee may sustain or incur by reason of or arising from or
in any manner connected with or in relation to his employment by Campbell or
the affairs thereof.

3

 

     In case any action or other proceedings is brought against the Employee,
in respect of which indemnity may be sought hereunder, the Employee shall give
Campbell prompt notice of any such action or other proceeding of which the
Employee has knowledge, and Campbell shall undertake the investigation and
defence thereof on behalf of the Employee, including employment of counsel
acceptable to the Employee and payment of all fees and expenses.

     No admission of liability and no settlement of any action or other
proceedings brought against the Employee shall be made without the consent of
Campbell and the Employee, such consent not to be unreasonably withheld.

     Notwithstanding that Campbell agrees to undertake the investigation and
defence
of any action or other proceeding brought against the Employee, the Employee
shall have the right to employ separate counsel in any such proceeding and
participate in the defence thereof, but Campbell shall not be liable to pay the
fees and expenses of such counsel unless:

	 	(a)	 	employment of such counsel has been authorized by Campbell,
or
	 
	 	(b)	 	Campbell has not assumed the defense of the action or other
proceedings within a reasonable period of time after receiving
notice thereof, or
	 
	 	(c)	 	the named parties to any such action or other proceedings
include Campbell and the Employee, and the Employee shall have been
advised by counsel that there may be a conflict of interest between
Campbell and the Employee, or
	 
	 	(d)	 	there are one or more legal defences available to the
Employee which are different from or in addition to those available
to Campbell.

     The indemnity herein provided to the Employee shall not apply in the event
and to the extent that a court of competent jurisdiction in a final judgement
shall determine that the Employee was guilty of gross negligence or fraud.

12.     In the event that the Employee exercises his right of resignation under
subparagraph 5(b) or is terminated under subparagraph 5(d), Campbell hereby
agrees, effective the date of such resignation, to release, remise, acquit and
forever discharge the Employee, his heirs, executors, administrators and other
legal personal representatives and all of the Employee’s respective lands,
assets, properties, estates and effects whatsoever and wheresoever situate, of
and from any and all
liabilities of every nature and kind, whether contingent or otherwise, debts,
sum and sums of money, accounts, dues, contracts, agreements, indemnity,
covenants, whether express or implied, claims, demands, legal costs, interest,
loss or injury of every kind or nature whatsoever, actions, suits damages,
causes of action, manner of actions, claims, counter-claims and demands
whatsoever and however arising either at law or in equity or otherwise, against
the Employee which Campbell ever had, has at the date of such resignation or
which Campbell, its successors or assigns or any of them, at any time
thereafter can, shall, or may have, for or by reason of, or in any way arising
from, any cause, matter or thing whatsoever existing up to the date of such
resignation, including, without limitation, any matter arising out of or in any
way related to or connected with or by reason of the Employee’s having been an
executive officer or employee of Campbell, or any of its associated or
affiliated companies, or by virtue of the employment of the

4

 

Employee by
Campbell. The release and discharge provided herein shall not apply in
circumstances in which a court of competent jurisdiction in a final judgment
shall determine that the Employee was guilty of gross negligence or fraud.

     For greater certainty, this release and discharge does not waive
Campbell’s right to collect money loaned to the Employee which is validly owing
and outstanding at the time of exercise of the right of resignation or
termination of employment.

13.     For purposes of this agreement, “Change of Control” means at any time from
the effective date of this agreement:

	 	(a)	 	a change of one-third or more of the directors of Campbell
unless approved by a majority of the Board of Directors; or
	 
	 	(b)	 	any acquisition of thirty per cent (30%) or more of the
common shares of Campbell, or voting rights in respect thereof, by
any person or company which is accompanied by a request by that
person for representation on the Board of Directors of Campbell and
which acquisition is not approved by a majority of the directors of
Campbell.

14.     Any notice or other communication required or permitted to be given or made
hereunder shall be in writing and shall be well and sufficiently given or made
if (a) enclosed in a sealed envelope and delivered in person to the party
hereto to whom it is addressed (or in the case of Campbell, to the receptionist
or other responsible employee, not being the Employee) at the relevant address
set forth below; or (b) telexed, telegraphed, telecopied or sent by other means
of recorded electronic communication if to Campbell, addressed to the
President, Suite 1405, 1155 University, Montréal, Québec H3B 3A7 and if to the
Employee, addressed to him at his most recent address as shown on the records
of Campbell. Any notice or other communication so given or made shall be deemed
to have been given or made and to have been received on the day of delivery, if
delivered, and the day of sending, if sent by telex, telegraph, telecopy or
other means of recorded electronic communication, provided such delivery or
sending is during normal business hours on a business day or if not on the next
business day thereafter. Either party hereto may change his or its address for
notice by notice to the other party hereto given in the manner aforesaid.

15.     No provision of this agreement may be modified or amended unless such
modification or amendment is authorized by the Board of Directors or a
Committee thereof and is agreed to in writing, signed by the Employee and
Campbell. No waiver by either party hereto or any breach by the other party
hereto of any condition or provision of this agreement to be performed by such
other party shall be deemed a waiver of similar or dissimilar provisions or
conditions at the time or any prior or subsequent time.

16.     This agreement contains all of the terms and conditions agreed by the
parties hereto and supersedes all prior agreements and understandings. No
agreements or representations, oral or otherwise, express or implied, with
respect to the employment of the Employee by Campbell have been made by either
party which are not set forth expressly in this agreement.

17.     This agreement may not be assigned by either party without consent.

5

 

18.     This agreement shall enure to the benefit of and be binding upon the
parties hereto and their respective heirs, executors, administrators and
successors.

19.     This agreement shall be subject to and governed by the laws of the Province
of Québec. The Courts of Québec shall have exclusive jurisdiction with respect
to any dispute or other matter arising hereunder.

20.     The invalidity, illegality or unenforceability of any provision hereof
shall not in any way affect or impair the validity, legality or enforceability
of the remaining provisions hereof. The French version of the Agreement shall
govern all disputes.

21.     The legal fees and other costs and expenses pertaining to the enforcement
of this agreement or any of the terms hereof shall be borne by Campbell and
shall be paid forthwith upon demand by the Employee on submission of duly
receipted accounts.

22.     The Employee acknowledges and agrees that she has been given full
opportunity to obtain independent legal advice with respect to this agreement
and executes this agreement voluntarily and with full knowledge of the rights
granted and obligations imposed hereby.

     IN WITNESS WHEREOF Campbell has hereunto affixed its corporate seal under
the hands of its proper officers in that behalf duly authorized and the
Employee has hereto affixed his hand and seal.

	 	 	 	 	 
	 	 	
CAMPBELL RESOURCES INC.	 	 
	 	 	 	 	 
	 	 	

	 	 
	 	 	
André Y. Fortier	 	 
	 	 	
President and Chief Executive Officer	 	 
	 	 	 	 	 
	

Witness as to the signature	 	

ALAIN BLAIS
	 	l.s
	of the Employee	 	 	 	 

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}]]