Document:

Employment Agreement

 EXHIBIT 10.47 
 EMPLOYMENT AGREEMENT 
 THIS AGREEMENT (“Agreement”) dated as of December 2, 2004 is
entered into by and between MSC-Medical Services Company, a Florida corporation (the “Company”), and Linda Hirschi (“Employee”). 
 Recitals 
 The Company, through its Board of Directors (the “Board”), desires to retain the
services of Employee, and Employee desires to be retained by the Company, on the terms and conditions set forth in this Agreement. 
 Agreement 
 For and in consideration of the foregoing and the mutual covenants of the parties herein contained, and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 1.
EMPLOYMENT. The Company hereby employs Employee to serve in the capacities described herein, and Employee hereby accepts such employment and agrees to perform the services described herein upon the terms and conditions hereinafter set forth.

 2. TERM. The employment of Employee under this Agreement, shall be for a period of three (3) years from the date hereof (the
“Initial Term”). Thereafter, this Agreement shall automatically renew for successive one (1) year periods, unless either party provides written notice to the other party of its intention to terminate this Agreement thirty
(30) days prior to the expiration of the term (each a “Renewal Term” and together with the Initial Term, the “Term”). The Term shall be subject to earlier termination in accordance with the terms and conditions of this
Agreement. 
 3. DUTIES. Employee shall serve as and have the title of Vice President, National Accounts and shall have such duties as
assigned by the Chief Executive Officer or the Board of Directors of the Company from time to time. Employee agrees to devote her full business time, energy, skills and best efforts to such employment while so employed. Nothing in this Agreement
shall preclude Employee from engaging in charitable and community affairs so long as, in the reasonable determination of the Board, such activities do not interfere with her duties and responsibilities hereunder or from serving, subject to the prior
approval of the Board, as a member of the board of directors or as a trustee of any other corporation, association or entity. 
 4.
COMPENSATION. 
 (a) Base Compensation. The Company shall pay Employee, and Employee agrees to accept, an initial base
compensation at the initial rate of One Hundred Seventy Five Thousand Dollars ($180,000) per year until December 31, 2004, and thereafter at the rate of Two Hundred Thousand Dollars ($200,000) per year, in equal installments no less frequently
than monthly, through the Term (the “Base Compensation”). The Base Compensation shall be reviewed by the Company annually and subject to increases according to the performance of the Employee. 

 (b) Annual Bonus Compensation. Beginning in fiscal year 2005, Employee shall be eligible for an
annual bonus based on the realization of financial and performance goals of the Company and the Employee. Assuming satisfaction of such goals, the bonus will be a maximum of One hundred Thousand Dollars ($100,000). 
 (c) Options upon Change in Control. In the event that there is a Change of Control (as defined below) prior to January 1, 2006 and the
Employee is employed by the Company on the date of such Change in Control, the Employee shall be eligible to participate in the Company’s successor’s option plan following such Change in Control, to the extent such successor has an option
plan at such time. 
 For purposes of this Agreement, a “Change in Control” shall be deemed to occur if any person or group of
persons shall acquire (i) direct or indirect beneficial ownership (whether as a result of stock ownership, revocable or irrevocable proxies or otherwise) of securities of the MSC Acquisition, Inc. (the “Parent”) or the Company (or any
successor of the Parent or the Company), pursuant to one or more transactions, such that after consummation and as a result of such transaction, such person possesses the voting power under normal circumstances to elect a majority of the Board of
Directors of the Parent or the Board, as applicable, or (ii) substantially all or a material (50% or more) portion of the assets of the Parent or the Company (or any of their successors) . For purposes of this Agreement, a “person”
shall mean any person, corporation, partnership, joint venture or other entity or any group (as such term is defined for purposes of Section 13(d) of the Exchange Act), other than the Parent or any person controlled by the Parent, and
“beneficial ownership” shall be determined in accordance with Rule 13d-3 under the Exchange Act. 
 5. BENEFITS. 

(a) Generally. Employee shall be eligible for fringe benefits pursuant to any pension, retirement, or other employee fringe benefit plan that
the Company makes available to employees of the Company and for which Employee will qualify according to her eligibility under the provisions thereof. 
 (b) Health and Disability Insurance. Employee shall be entitled to participate in health and disability insurance plans that the Company offers to other employees of the Company from time to time, consistent
with past practice. 
 (c) Vacation. During the Term of this Agreement, Employee shall be entitled to ten (10) vacation days,
plus Company holidays and sick days in accordance with the Company’s policies and procedures. 
 6. EXPENSES. Except as otherwise
agreed to herein, Employee shall be reimbursed for all usual business expenses incurred on behalf of the Company, in accordance with Company practices and procedures. 
  

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 7. TERMINATION. The term of Employee’s employment under this Agreement may be terminated
prior to expiration of the Term provided in Section 2 hereof only in accordance with the following sections. 
 (a) For Cause.
This Agreement may be immediately terminated by the Company for Cause. For purposes of this Agreement, the term “Cause” shall include, without limitation, the termination of Employee by the Company as a result of the existence or
occurrence of one or more of the following conditions or events: 
 (i) the failure of Employee to perform her duties
hereunder, or the breach of any provision hereof, which failure or breach is not cured within five (5) days after written notice thereof to Employee; 
 (ii) Employee’s willful misconduct in connection with the performance of her duties as an employee or officer of the Company; 
 (iii) commission by Employee of any act of fraud or material misrepresentation or a material act of misappropriation in connection with
her duties as an employee or officer of the Company; 
 (iv) commission of Employee of any crime which constitutes a felony;

 (v) the entry of a judgment or order enjoining or preventing Employee from such activities as are material or essential for
Employee to perform her services as required by this Agreement; or 
 (vi) willful and deliberate conduct or activities by
Employee which could foreseeably result in material damage to the business of the Company. 
 (b) Mutual. Employee’s employment
under this Agreement may be terminated upon mutual written agreement of the Company and Employee. 
 (c) Without Cause. The Company
and the Employee shall have the right to terminate this Agreement and the Employee’s employment with the Company at any time without Cause. 
 (d) Death. In the event of the death of Employee, the employment of Employee shall terminate immediately. 
 (e)
Disability. If, during Employee’s employment with the Company, Employee shall become permanently disabled and unable to perform her duties as required herein (“Disability”) for a total of one hundred eighty (180) days in
any twelve (12) month period then the Company may, upon thirty (30) days written notice to Employee, terminate Employee’s employment under this Agreement. 
 8. SEVERANCE. In the event of the termination of Employee’s employment under this Agreement for any reason, the Company shall provide the payments and benefits to Employee as indicated below: 

(a) With Cause or Voluntary Termination by Employee. If Employee is terminated for Cause (as defined in Section 7(a) of this Agreement), or
if Employee voluntarily terminates her employment with the Company, the Company shall be obligated only to continue to pay to Employee her Base Compensation, if any, earned up to the date of termination and shall reimburse Employee for any expenses
to which Employee is due reimbursement by the Company under Section 7 hereof up until the date of termination. 
  

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 (b) Without Cause, Death or Disability. In the event that the Company shall terminate Employee
without Cause, or upon the death or Disability of Employee, the Company shall be obligated to continue to pay full Base Compensation and benefits to Employee for a period of six (6) months after the date of termination as if Employee had not
been so terminated. 
 9. NONCOMPETITION; NONSOLICITATION. Employee agrees, to the extent and on the terms set forth below, not to
utilize her special knowledge of the business of the Company and her relationships with customers and suppliers of the Company or others to compete with the Company. For a period beginning on the date hereof and ending two (2) years from the
date on which the Employee ceases to be employed by the Company (the “Noncompete Period”), the Employee shall not, except as an employee or agent of the Company, engage or have an interest, anywhere in the United States of America or any
other geographic area where the Company did business as of the date hereof or at any time during the Employee’s employment by the Company or in which its products or services are or were marketed or sold, alone or in association with others, as
principal, agent, partner, stockholder, or through the investment of capital, lending of money or property, rendering of services or otherwise, in the business of distributing, selling or marketing medical and pharmaceutical supplies, equipment and
services to the workers’ compensation industry or any other business competitive with or similar to that engaged in by the Company as of the date hereof or by the Company at any time during Employee’s employment by the Company. During the
Noncompete Period, the Employee shall not, except as an employee or agent of the Company, directly or indirectly, on behalf of himself or any other person or entity, (A) call upon, accept business from, or solicit the business of (a) any
person or entity who is, or who had been at any time during the preceding two years or at any time during the Employee’s employment by the Company, a customer of the Company or any successor to the business of the Company (each a
“Customer”), or otherwise divert or attempt to divert any business from the Company or any successor or otherwise induce, request, advise or persuade any Customer to cease to do business with or reduce the amount of business which such
Customer has customarily done or is reasonably expected to do with the Company or any successor; or (B) recruit or otherwise solicit or induce any person who is an employee of, or otherwise engaged by, the Company, or hire any such person until
one (1) year after such person has left the employ of the Company, or any such successor or any person with whom such person was placed for employment or engagement during the preceding one year. The Employee shall not at any time, directly or
indirectly, except as an employee or agent of the Company, use or purport to authorize any person or entity to use any name, mark, logo, trade dress or other identifying words or images which are the same as or similar to those used currently or in
the past by the Company in connection with any product or service, whether or not such use would be in a business competitive with that of the Company. Notwithstanding anything to the contrary contained herein, the ownership or control by the
Employee of (y) securities of the Parent or (z) up to five percent of the outstanding voting securities or securities of any class of a company with a class of securities which are publicly traded shall not be deemed to be a violation of
the provisions of this Section. 
  

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 10. CONFIDENTIALITY. The Employee acknowledges that the intellectual property and all other
confidential or proprietary information with respect to the Company’s engagement in the business of distributing, selling or marketing medical and pharmaceutical supplies, equipment and services to the workers’ compensation industry
throughout the United States of America (the “Business”) are valuable, special and unique. The Employee shall not, at any time after the date hereof, except as an employee or agent of the Company, or except as required by applicable law,
disclose, directly or indirectly, to any person or entity, or use or purport to authorize any person or entity to use any confidential or proprietary information with respect to the Company of the Business, whether or not for her own benefit,
without the prior written consent of the Company, including without limitation, information as to the financial condition, results of operations, strategic partners, job applicants, job candidates, persons placed for employment or engagement,
customers, suppliers, products, products under development, services, inventions, sources, leads or methods of obtaining new products or business, intellectual property, pricing methods or formulas, cost of supplies, marketing strategies or any
other information relating to the Company or the Business which could reasonably be regarded as confidential, but not including information which is or shall become generally available to the public other than as a result of an unauthorized
disclosure by the Employee or a person or entity to whom the Employee has provided such information. The Employee acknowledges that Company would not enter into this Employment Agreement without the assurance that all such confidential and/or
proprietary information will be used for the exclusive benefit of the Company. 
 11. NONDISPARAGEMENT. Neither the Employee nor the
Company shall (and shall cause the officers, directors, employees, shareholders, members, partners, representatives and agents of any entity or business directly or indirectly controlled by the Employee and the Company to not) commit any act or
omission that would tend to disparage or adversely affect the reputation of the other party or any present or future subsidiaries, parents or affiliates of the other party or any of their respective principals, officers, directors, shareholders,
members, employees, businesses or operations. Without in any way limiting the generality of the foregoing, the Employee and the Company shall not (and shall cause the officers, directors, employees, shareholders, members, partners, representatives
and agents of any entity or business directly or indirectly controlled by the Employee and the Company to not) make any disparaging or unfavorable statements to any third party, either orally or in writing, regarding the other party or any present
or future subsidiaries, parents or affiliates of the other party or any of their respective principals, officers, directors, shareholders, members, employees, businesses or operations. 
 12. ENFORCEABILITY OF RESTRICTIVE COVENANTS. The restrictions set forth in this Agreement are considered by the parties hereto to be reasonable
for the purposes of protecting the value of the business and goodwill of the Company and the Business. The parties acknowledge that the Company would be irreparably harmed and that monetary damages would not provide an adequate remedy to the Company
in the event the covenants contained in this Agreement were not complied with in accordance with their terms. Accordingly, the Employee agrees that any breach or threatened breach by him of any provision of this Agreement shall entitle 

  

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the Company to injunctive and other equitable relief to secure the enforcement of these provisions, in addition to any other remedies which may be available
to them, and that they shall be entitled to receive from the Employee reimbursement for all attorneys’ fees and expenses incurred by the Company in enforcing these provisions. In addition to its other rights and remedies, the Company shall have
the right to require the Employee, if she breaches any of the covenants contained in this Agreement to account for and pay over to the Company all compensation, profits, money, accruals and other benefits derived or received, directly or indirectly,
by such party from the action constituting such breach. If the Employee breaches the restrictive covenants set forth in this Agreement, the running of the time periods described therein shall be tolled for so long as such breach continues. It is the
desire and intent of the parties that the provisions of this Agreement be enforced to the fullest extent permissible under the laws and public policies of each jurisdiction in which enforcement is sought. If any provisions of this Agreement relating
to the time period, scope of activities or geographic area of restrictions is declared by a court of competent jurisdiction to exceed the maximum permissible time period, such time period, scope of activities and/or geographic area, as the case may
be, shall be reduced to the maximum that such court deems enforceable. If any provisions of this Agreement other than those described in the preceding sentence are adjudicated to be invalid or unenforceable, the invalid or unenforceable provisions
shall be deemed amended (with respect only to the jurisdiction in which such adjudication is made) in such manner as to render them enforceable and to effectuate as nearly as possible the original intentions and agreement of the parties. 

13. NOTICES. Any notice required or permitted to be given under this Agreement shall be sufficient if in writing and shall be effective when
received if sent, postage-prepaid, by certified or registered mail, return receipt requested, or by overnight delivery service against receipt, to the addresses below or to such other address as either party shall designate by written notice to the
other: 
 If to Employee, to the address set forth below her name on the signature page hereto. 
 If to the Company: 
 MSC-Medical Services
Company 
 c/o H.I.G. Capital LLC 
 1001 Brickell Bay Drive, 27th Floor Miami, Florida 33131 
 Attention:    Rick Rosen 
 With copy to: 
 Akerman Senterfitt

 350 East Las Olas Boulevard Suite 1600 
 Ft. Lauderdale, Florida 33301 
 Attention:    Donn Beloff, Esq. 
  

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 14. ENTIRE AGREEMENT; MODIFICATION. 
 (a) This Agreement contains the entire agreement of the Company and Employee, and the Company and Employee hereby acknowledge and agree that this
Agreement supersedes any prior statements, writings, promises, understandings or commitments between the parties hereof. 
 (b) No future
oral statements, promises or commitments with respect to the subject matter hereof, or other purported modification hereof, shall be binding upon the parties hereto unless the same is reduced to writing and signed by each party hereto. 

15. ASSIGNMENT. The rights and obligations of the parties under this Agreement shall inure to the benefit of and shall be binding upon, and
enforceable by, the successors and permitted assigns of the parties. Notwithstanding anything contained herein to the contrary, the Company shall have the right to assign this Agreement to any of its subsidiaries, direct or indirect parents or other
affiliates. Except as otherwise set forth in this Agreement, neither party may assign her or its rights or obligations under this Agreement without the prior written consent of the other party. 
 16. GOVERNING LAW; VENUE; INDEPENDENT REPRESENTATION. This Agreement shall be governed by and construed in accordance with the domestic laws of
the State of Florida without giving effect to any choice or conflict of law provision or rule (whether of the State of Florida or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of
Florida. The parties agree that any and all actions arising under or in respect of this Agreement shall be litigated in any federal or state court of competent jurisdiction located in the County of Duval, State of Florida. By execution and delivery
of this Agreement, each party irrevocably submits to the personal and exclusive jurisdiction of such courts for itself or himself, and in respect of its or her property with respect to such action. Each party agrees that venue would be proper in any
of such courts, and hereby waives any objection that any such court is an improper or inconvenient forum for the resolution of any such action. Employee acknowledges and agrees that she has had the opportunity to seek her own independent legal
counsel to represent Employee’s interest in connection with the transactions contemplated by this Agreement. 
 17.
MISCELLANEOUS. 
 (a) The section headings contained herein are for reference purposes only and shall not in any way affect the meaning
or the interpretation of this Agreement. 
 (b) The failure of any party to enforce any provision of this Agreement shall in no manner affect
the right to enforce the same, and the waiver by any party of any breach of any provision of this Agreement shall not be construed to be a waiver by such party of any succeeding breach of such provision or a waiver by such party of any breach of any
other provision. 
 (c) Except as otherwise provided herein, in the event any one or more of the provisions of this Agreement shall for any
reason be held invalid, illegal or unenforceable, the remaining provisions of this Agreement shall be unimpaired, and the invalid, illegal or unenforceable provision shall be replaced by a mutually acceptable valid, and enforceable provision which
comes closest to the intent of the parties. 
  

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 (d) The prevailing party in any litigation brought to enforce the provisions of this Agreement shall be
entitled to reimbursement from the nonprevailing party for reasonable attorney’s fees and expenses incurred in connection with such litigation. 
 (e) This Agreement may be executed in any number of counterparts, each of which shall constitute an original and all of which together shall constitute one and the same instrument. 
 [Signatures Appear on Following Page] 
  

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 IN WITNESS WHEREOF, the parties have executed this Employment Agreement as of the day and year first
above written. 
  

			
	 MSC-MEDICAL SERVICES COMPANY,
 a
Florida corporation

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	EMPLOYEE:
	
	 /s/ LINDA HIRSCHI

	LINDA HIRSCHI
	Address:	 	  

		 	  

		 	  

  

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 AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT 
 This AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT (this “Amendment”), dated as of March 31, 2005, is made by and between MSC-Medical
Services Company, a Florida corporation (the “Company”), and Linda Hirschi (“Executive”). 
 The Company
and Executive have entered into an Employment Agreement dated as of December 2, 2004 (the “Employment Agreement”). Except as otherwise indicated herein, capitalized terms used in this Amendment have the same meaning ascribed to
such terms in the Employment Agreement 
 The Company and Executive desire to amend the Employment Agreement in the manner set forth herein
upon consummation of the transactions contemplated by the Stock Purchase Agreement (the “Purchase Agreement”), dated as of March 7, 2005, by and among MSC Acquisition, Inc., a Florida corporation, its stockholders and
warrantholders and MCP-MSC Acquisition, Inc., a Delaware corporation. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Amendments. Effective upon consummation of the
transactions contemplated by the Purchase Agreement, the Employment Agreement is hereby amended by deleting Section 4(c) in its entirety. 
 2. Counterparts. This Agreement may be executed in multiple counterparts (including by means of telecopied signature pages), any one of which need not contain the signatures of more than one party, but all such counterparts taken
together shall constitute one and the same instrument. 
 3. Governing Law. All matters relating to the interpretation, construction,
validity and enforcement of this Amendment shall be governed by and construed in accordance with the domestic laws of the State of Florida without giving effect to any choice or conflict of law provision or rule (whether of the State of Florida or
any other jurisdiction) that would cause the application of laws of any jurisdiction other than the State of Florida. 
 4. Consent.
The undersigned parties hereby consent to this Amendment as such consent may be required pursuant to the terms of the Employment Agreement. 
 5. Limited Amendment. This Amendment is limited by its terms and does not and shall not serve to amend or waive any provision of the Employment Agreement except as expressly provided for in this Amendment 
 *  *  *  *  * 
 IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to Employment Agreement as of the date first above written. 
  

			
	COMPANY:
	
	MSC-MEDICAL SERVICES COMPANY
		
	By:	 	 /s/

	Name:	 	  

	Its:	 	  

	
	EXECUTIVE:
	
	 /s/ Linda D. Hirschi

	Linda HirschiInvestor Relations Agreement

 Exhibit 10.17 
 INVESTOR RELATIONS AGREEMENT 
 This Agreement made as of December 1, 2006. 
 BETWEEN: 
 GEOVIC MINING CORP., a public company having a
business office at 743 Horizon Court, Suite 300 A, Grand Junction, CO USA 81506-8717 
 (the “Company”) 
 AND: 
 VANGUARD SHAREHOLDER SOLUTIONS INC., a company
incorporated under the laws of British Columbia having a business office at Suite 1205, 1095 West Pender Street, Vancouver, BC, Canada V6E 2M6 
 (the “Contractor”) 
 WHEREAS: 
  

	A.	The Company wishes to retain the Contractor to assist with its investor relations and the Contractor has agreed to assist with the investor relations of the Company in accordance
with the terms of this agreement (the “Agreement”); 

 NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the mutual
covenants and agreements herein contained and the payment of $10.00 from each party to the other, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
  

	1.	Appointment and Authority of the Contractor 

  

	1.1	Appointment of the Contractor 

 The Company appoints the Contractor
to perform the services for the benefit of the Company hereinafter set forth, and the Company authorizes the Contractor to exercise the powers provided under this Agreement. The Contractor accepts this appointment on the terms and conditions herein
set forth. 
  

	1.2	Independent Contractor 

 In performing the services hereunder, the
Contractor shall be an independent contractor and not an employee or agent of the Company, except that the Contractor shall be the agent of the Company solely in circumstances where the Contractor must be the agent to carry out its obligations as
set forth in this Agreement. Nothing in this Agreement shall be deemed to require the Contractor to provide its services exclusively to the Company and the Contractor hereby acknowledges that the Company is not required and shall not be required to
make any remittances and payments required of employers by statute on the 

 
Contractor’s behalf and the Contractor shall not be entitled to the fringe benefits provided by the Company to its employees. 
  

	1.3	TSX Venture Exchange Approval 

 This Agreement is subject to review
and acceptance by the TSX Venture Exchange and no payments may be made pursuant to this Agreement until the TSX Venture Exchange has notified the Company that it has accepted this Agreement. 
  

	2.	Duties of the Contractor 

  

	2.1	General 

 The Contractor shall: 
  

	 	(a)	assist with the investor relations of the Company pursuant to the terms and conditions of this Agreement; 

  

	 	(b)	implement or cause to be implemented decisions of the Company at the instruction of the Company; 

  

	 	(c)	at all times, be subject to the direction of the Company and shall keep the Company informed as to all matters concerning its activities including a copy of any materials to be
distributed prior to their use; 

  

	 	(d)	meet the performance standards that may be reasonably prescribed by the Company from time to time; and 

  

	 	(e)	subject always to the general or specific instructions and directions of the Chief Executive Officer or the board of directors (the “Directors”) of the Company, have full
power and authority to provide investor relations services on behalf of the Company except in respect of such matters and duties as by law must be transacted or performed by the board of directors or senior officers of the Company.

  

	2.2	The Contractor’s Activities 

 The Contractor shall: 

 

	 	(a)	conform to all lawful instructions and directions from time to time given to them by the Chief Executive Officer and Director of the Company; 

  

	 	(b)	devote sufficient time and attention to the business and affairs of the Company as is required to fulfill its obligations hereunder; 

  

	 	(c)	provide detailed objectives, budget and action plan, at the request of the Company; 

  

	 	(d)	assist with co-ordinating and disseminating news and information of the Company to the public and to the shareholders of the Company; 

  

	 	(e)	initiate and maintain contact with brokers and brokerage houses to provide them with the news of the Company; 

  

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	 	(f)	do all such acts and things as may be required to foster a positive reputation of the Company and its securities in the market place; 

  

	 	(g)	notify the Company of any major inquiry, complaint or request made by the general public or any regulatory authority and deliver to the Company copies of any supporting papers
received in connection with such inquiry, complaint and request; 

  

	 	(h)	perform any other services or functions reasonably required by the Company and within the general scope of the Contractor’s duties as set forth in this Agreement and otherwise
operate and manage the promotional activities of the Company in accordance with and as limited by this Agreement and applicable laws and regulatory requirements; 

  

	 	(i)	perform all other functions relating to investor relation activities of the Company as may be customary and usual for the exclusive expert investor relation services of a company of
the size and nature of the Company, in accordance and as limited by this Agreement; 

  

	 	(j)	well and faithfully serve the Company and use its best efforts to promote the interests of the Company; and 

  

	 	(k)	refrain from acting in any manner contrary to the best interests of the Company or contrary to applicable laws and regulatory requirements, 

 provided that at all times the Contractor shall comply with regulatory requirements and guidelines respecting the conduct of its activities. Without limiting the
generality of the foregoing the Contractor represents and warrants to the Company that it is familiar with the content of TSX Venture Exchange Policy 3.4 and the TSX Electronic Communications Guidelines. 
  

	2.3	Dissemination of Information 

 The Contractor shall not disseminate
or spread false or misleading information relating to the Company to any person. The Contractor shall disseminate any news and information which is specifically authorized in writing by the Company. No act or omission by the Company shall act to
waive the requirements of this Section 2.3. 
  

	2.4	Authority of the Contractor 

 The Company hereby authorizes the
Contractor, subject to the other provisions of this Agreement, to do all acts and things as the Contractor may in its discretion deem necessary or desirable to enable the Contractor to carry out its obligations hereunder. 
  

	2.5	Limitations and Restrictions 

 The Contractor shall not be entitled
to enter into any commitment, contractual or other agreement, binding upon, or pledge the credit of, the Company without the express prior written consent of the Chief Executive Officer or the Directors. 
  

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	2.6	Impossibility of Performance 

 If the performance of any duty of the
Contractor set forth in this Agreement is beyond the reasonable control of the Contractor, the Contractor shall nonetheless be obliged to use reasonably commercial efforts to perform such duty and to notify the Company that the performance of such
duty is beyond its reasonable control. 
  

	3.	Company’s Agreements 

  

	3.1	Compensation of the Contractor 

 As compensation for the services
rendered by the Contractor pursuant to this Agreement, the Company shall pay to the Contractor a fee of CAD$12,500 per month payable on the first business day of each of the months during the term of this Agreement. The Contractor shall
be granted 350,000 stock options from the Company within 30 days of the Effective Date at the exercise price of CAD$ 1.95 per share. The options will be subject to vesting in accordance with the policies of the TSX Venture
Exchange and shall be exercisable until the earlier of the date which is 2 years from the date of grant and the date which is 30 days following the date of termination of the services of the Contractor under this Agreement or any renewal hereof,
provided that, the options shall terminate immediately upon termination of this agreement by the Company pursuant to paragraph (c) of section 4.2 hereof. 
  

	3.2	The Contractor’s Expenses 

 The Contractor shall be reimbursed
by the Company for all reasonable and necessary expenses incurred by it in connection with its duties hereunder, including postage, photocopies, couriers, telephone, facsimile, travel expenses, brochures and other printed materials. A 15 per
cent handling fee will be applied to couriers and all mail-house expenses. As well, the Contractor shall be reimbursed by the Company for any pre-approved costs relating to lead generation programs approved by the Company, such as fax or email
blasts, advertising or other promotional activities. All expenses of the Contractor will need to be supported by receipts. Reimbursement of the Contractor by the Company for expenses and costs as hereinbefore set out shall be payable to the
Contractor on receipt by the Company of an invoice with respect to the same from the Contractor. 
  

	3.3	Access to Company Information 

 The Company shall make available to
the Contractor such information and data and shall permit the Contractor to have access to such documents or premises as are reasonably necessary to enable him to perform the services provided for under this Agreement, excluding undisclosed
information. 
  

	4.	Duration of Service 

  

	4.1	Effective Date 

 This Agreement shall become effective as of the day
and year first above written, and shall remain in force, subject to earlier termination as provided herein, for a term of 12 months, and month to month thereafter, until Termination. 
  

	4.2	Termination 

 This Agreement may be terminated: 
  

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	 	(a)	by the Company, after 12 months, giving the Contractor written notice of such termination at least 30 days prior to the termination date set forth in that notice;

  

	 	(b)	by the Contractor, after 12 months, giving the Company written notice of such termination at least 30 days prior to the termination date set forth in that notice;

  

	 	(c)	immediately by the Company upon default or breach by the Contractor of the terms of this Agreement, in which case the Company giving written notice to the Contractor specifying the
nature of such default. For the purposes of this Agreement, a default by the Contractor shall be defined as the occurrence of any one or more of the following: 

  

	 	(i)	the Contractor fails to perform any of its services in the manner or within the time required herein or commits or permits a breach of or default of any of its duties, liabilities
or obligations hereunder, commits a material breach of a provision of this Agreement; is unable or unwilling to perform the duties under this Agreement; commits fraud or serious neglect or misconduct in the discharge of its duties hereunder, or if
notified of a default and given time to remedy or cure the default by the Company, the Contractor fails to fully cure or remedy such failure, breach or default; or 

  

	 	(ii)	the Company, acting reasonably, determines that the Contractor is acting or is likely to act in a manner detrimental to the Company or has violated or is likely to violate the
confidentiality of any information relating to the Company; 

  

	 	(d)	the Contractor, acting reasonably, immediately, upon the failure of the Company to pay the fee as provided for in Article 3 above. 

  

	4.3	Automatic Termination 

 If during the term of this Agreement, the
shares of the Company are cease-traded or halted by regulatory authorities for a period of more than 30 days, this Agreement will automatically terminate without liability to either party, subject to the option of the Company to continue this
Agreement. 
  

	4.4	Compensation of the Contractor on Termination 

 Upon termination of
this Agreement, the Contractor shall be entitled to receive as its full and sole compensation in discharge of obligations of the Company to the Contractor under this Agreement all sums due and payable under this Agreement to the date of termination
and the Contractor shall have no right to receive any further payments. 
  

	5.	Confidentiality and Non-Solicitation 

  

	5.1	Ownership of Work Product 

 All reports, documents, concepts,
products and processes together with any marketing schemes, business and sales contracts, and any business opportunities prepared, produced, developed, or acquired, by or at the direction of the Contractor, directly or indirectly, in connection with
or otherwise developed or first reduced to practice by the Contractor in the performance of its obligations hereunder (collectively, the “Work Product”) shall belong exclusively to the Company which shall be entitled, exclusively, to all
right, interest, profits or benefits in respect thereof. No copies, summaries or other reproductions of any 

  

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Work Product shall be made by the Contractor without the express permission in writing of the Company. 
  

	5.2	Confidentiality 

 Except as authorized or required by its duties,
the Contractor shall not reveal to any person any of the trade secrets, secret or confidential operations, processes or dealings, or any information concerning the organization, business, finances, transactions or other affairs of the Company of
which he becomes aware during the term of this Agreement. The Contractor shall keep secret all confidential information entrusted to him and shall not use or attempt to use this information in any manner which might injure or cause loss, either
directly or indirectly, to the Company’s business. This restriction shall continue to apply after the termination of this Agreement but shall cease to apply to information which may come into the public domain, other than as a result of
disclosure by the Contractor. 
 The Contractor shall comply with such directions as the Company shall make to ensure the safeguarding or confidentiality of
all such information. 
  

	5.3	Fiduciary Obligations 

 Without limiting the generality of the
foregoing, during the term of this Agreement, the Contractor shall not act in any manner contrary to the terms of this Agreement, or contrary to the best interests of the Company. 
  

	5.4	Non-Solicitation 

 The Company shall not, and shall not allow any of
its corporate affiliates, as that term is defined in the British Columbia Business Corporations Act, to, directly or indirectly, contact, approach or solicit for the purpose of offering employment to or hiring, whether as an employee,
consultant, independent contractor or otherwise, or actually hire any person employed by the Contractor during the term of this Agreement and for a period of two (2) years after the termination of this Agreement in accordance with Article 4
hereof. 
  

	6.	Miscellaneous 

  

	6.1	Severability 

 Each provision of this Agreement is intended to be
severable. If any term or provision hereof shall be determined by a court or competent jurisdiction to be illegal or invalid for any reason whatsoever, that provision shall be severed from this Agreement and shall not affect the validity of the
remainder of this Agreement. 
  

	6.2	Waiver and Consents 

 No consent, approval or waiver, express or
implied, by either party hereto, to or of any breach or default by the other party in the performance by the other party of its obligations hereunder shall be deemed or construed to be a consent or waiver to or of any other breach or default in the
performance by such other party of the same or any other obligations of such other party. The failure of a party to declare the other party in default, irrespective of how long such failure continues, shall not constitute a general waiver by such
party of the breach or default of the other shall not be construed to waive or limit the need for such consent or approval in any other instance. 
  

 - 6 - 

	6.3	Governing Law 

 This Agreement and all matters arising thereunder
shall be governed by the laws of the Province of British Columbia. 
  

	6.4	Successors, Etc. 

 This Agreement shall enure to the benefit of and
be binding upon each of the parties and their respective heirs and successors. The Contractor acknowledges and agrees that it is responsible for ensuring compliance by its directors, officers, employees and contractors with the terms and conditions
of this Agreement. 
  

	6.5	Assignment 

 This Agreement may not be assigned by either party.

  

	6.6	Entire Agreement and Modifications 

 This Agreement constitutes the
entire agreement between the parties and supersedes all prior agreements and undertakings, whether oral or written, relative to the subject matter hereof. To be effective any modification of this Agreement must be in writing and signed by the
parties. 
  

	6.7	Notices 

 All notices, requests and communications required or
permitted hereunder shall be in writing and shall be sufficiently given and deemed to have been received upon personal delivery or, if mailed, upon the first to occur of actual receipt or 48 hours after being placed in the mail, postage prepaid,
registered or certified mail, return receipt requested, respectively addressed to the Company or the Contractor as follows: 
  

			
	To the Company:
	
	Geovic Mining Corp., located at 743 Horizon Court, Suite 300A, Grand Junction, CO USA 81506-8717
	
	Facsimile number: (970) 256-9241
	Attention: David Beling
		
	To the Contractor:	  	
	
	Vanguard Shareholder Solutions Inc., located at Suite 1205, 1095 West Pender Street, Vancouver, BC, V6E 2M6
	
	Facsimile number (604) 688-0854
	Attention: Paul Lathigee, President

 or such other address as may be specified in writing to the other party, but notice of a change of address shall
be effective only upon the actual receipt. 
  

 - 7 - 

	6.8	Time of the Essence 

 Time is of the essence. 
  

	6.9	Further Assurances 

 From time to time after the execution of this
Agreement, the parties will make, do, execute or cause or permit to be made, done or executed all additional lawful acts, deeds, things, devices and assurances in law whatsoever as may be required to carry out the true intention and to give full
force and effect to this Agreement. 
  

	6.10	Counterparts 

 This Agreement may be executed in several
counterparts, each of which will be deemed to be an original and all of which will together constitute one instrument. 
  

	6.11	Regulatory Approval 

 This Agreement is subject to obtaining all
necessary approvals of any such other regulatory authorities as have jurisdiction and if any of the required approvals are not obtained within 120 days after the date this Agreement is filed with the relevant regulatory authority, the parties shall
forthwith confer and determine whether to alter the terms of this Agreement in order to obtain approval, or to terminate this Agreement. Failure to agree on the appropriate course of action within twenty days thereafter, shall result in this
Agreement being terminated. 
 IN WITNESS WHEREOF this Agreement has been duly executed by the parties hereto effective as of the day and year first above
written. 
  

					
	GEOVIC MINING CORP.	 		 	VANGUARD SHAREHOLDER SOLUTIONS INC.
			
	Per:	 		 	Per:
			
	  
	 		 	  

	Authorized Signatory	 		 	Authorized Signatory

  

 - 8 -

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