Document:

Severance and Release Agreement

 Exhibit 10.8 
 SEVERANCE AND RELEASE AGREEMENT 
 This Severance and Release Agreement (the
“Agreement”) dated as of February 1, 2008 is made between (i) Peter J. L. Bradford (“Mr. Bradford”), (ii) Caystar Management Holdings (the “Employer”) and (ii) Golden Star Resources Ltd. (the
“Parent”). The Employer and Parent are collectively referred to as the “Company.” Mr. Bradford and the Company are referred to collectively as the “Parties” and individually as a “Party.” 
 RECITALS 
 WHEREAS, the Parties
entered into the Amended and Restated Employment Agreement dated as of April 30, 2004, as amended (the “Employment Agreement”); 
 WHEREAS, on August 1, 2007, Mr. Bradford gave notice of his resignation as a director and employee of the Company effective February 8, 2008, and the parties entered into an Amended and Restated Notice of Resignation
Agreement dated November 1, 2007, (the “Resignation Agreement” ); 
 WHEREAS, the Parties wish to resolve fully and finally
any potential claims by Mr. Bradford against the Company regarding Mr. Bradford’s employment with the Company and otherwise; and 
 WHEREAS, in order to accomplish this end, the Parties are willing to enter into this Agreement. 
 NOW THEREFORE, in consideration
of the mutual promises and undertakings contained herein, the sufficiency of which is acknowledged by the Parties, the Parties to this Agreement agree as follows: 
 TERMS 
  

	1.	Definitions 

 Unless otherwise defined in this
Agreement, terms shall have the meaning given to the in the Employment Agreement and all currency amounts will be in United States dollars. 
  

	2.	Resignation and Effective Date 

 Mr. Bradford
resigned his employment with the Company effective February 8, 2008 (the “Resignation Date”). This Agreement shall become effective on the eighth day after Mr. Bradford signs this Agreement (the “Effective Date”),
unless Mr. Bradford revokes his acceptance pursuant to Section 16(f) below. 
  

	3.	Separation Entitlements 

 a. Payments. Within five
(5) business days after the Effective Date, the Company will pay Mr. Bradford $206,766.22 as fully set out on Schedule 1 and being (i) $53,204.91 being his unpaid base salary for January 2008 ($41,666.67) through to February 8,
2008 ($11,538.24), plus (ii) $160,843.07 being his accrued vacation entitlement in accordance with the reconciliation attached as Schedule 2, plus (iii) $7,301.57 being the agreed payment in lieu for the provision of Australian medical
benefits and insurance to Mr. Bradford through to February 8, 2009; less (iv) $14,583.33 of salary overpaid in 2007, attached as Schedule 3. These payments will be made by wire transfer to Mr. Bradford’s nominated bank
account and a detailed accounting of the payments will be emailed to Mr. Bradford’s nominated email address. All payments will be made less all applicable withholdings and deductions. 
 b. Expense Reimbursement. In addition to the payments detailed in Section 3(a) above, within five (5) business days of the Effective Date, the Company
will pay to Mr. Bradford any and all outstanding expense reimbursement submitted by and owed to Mr. Bradford. 
 c. 2007 Bonus. On or about
April 1, 2008, the Board of Directors of the Company shall determine and the Company shall make a bonus payment for 2007 to Mr. Bradford. Such bonus (the “2007 Bonus Payment”) shall be determined in accordance with the Executive
Management Bonus Scheme or alternate bonus scheme that may be approved by the Board of Directors and the payment shall be wired to Mr. Bradford’s nominated bank account. The 2007 Bonus Payment will be made less all applicable withholdings
and deductions. 
 d. Storage and Shipment of Personal Effects. The Company shall pay or reimburse Mr. Bradford, upon submission of an expense
reimbursement form, and / or to the applicable shipping company for the cost of the storage of his personal effects for the period December 2004 to February 2008 and the shipment of his personal effects from Denver, Colorado and Accra, Ghana to
Mr. Bradford’s nominated address in Australia. 
 e. Purchase of Mr. Bradford’s Vehicle in Ghana. The parties acknowledge that the
Company has acquired Mr. Bradford’s KIA Sorrento vehicle located in Accra Ghana and has paid $25,000 to Mr. Bradford. Mr. Bradford undertakes to do all acts and things necessary to ensure that transfer of the vehicle to the
Company, if any. 
  

	4.	Stock Options 

 On the Effective Date, all options
to purchase the stock of the Company granted to Mr. Bradford under the Company’s stock option plan, which options together with the applicable exercise prices are listed in the attached Schedule 4 (the “Golden Star Options”),
shall become immediately exercisable and vested, and Mr. Bradford shall have the right to exercise the Golden Star Options until the earlier of their expiration date or the close of business in Denver, Colorado on February 8, 2010.

  

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	5.	Miscellaneous Provisions 

 a. Mail Receipt and Forwarding.
The Company shall allow Mr. Bradford to use the Company’s address 10901 W. Toller Road, Suite 300, Littleton, Colorado as a mailing address for personal mail and packages until December 31, 2008 and the Company, at its cost, shall
forward such mail and packages to Mr. Bradford’s nominated address in Australia. 
 b. Email Address. Up to and including December 31,
2008, the Company shall automatically forward any emails directed to the email address of pbradford@gsr.com to Mr. Bradford’s nominated personal email address. Mr. Bradford shall not otherwise have access to the Company’s
servers or email systems following the Effective Date. 
 c. Final Medical Examination. Upon his demobilization back to Australia, Mr. Bradford
shall undertake an end-of-service medical examination and tropical disease scan to ensure that Mr. Bradford is not subject to any condition as a result of the his employment and travel with the Company. The costs of the medical examination and
any resulting treatment shall be borne by the Company. 
 d. Resignation as Director and Cancellation of Bank Mandate. With effect on or before
January 31, 2008, Mr. Bradford has (i) resigned in writing as a director of the Parent and of each of the Parent’s subsidiaries for which he was a director, and (b) ceased to be a signatory of the bank accounts of the Parent
and of each of the Parent’s subsidiaries. Mr. Bradford undertakes through to and after the Effective Date to perform any act or writing necessary to perfect or effect such resignations or cancellation of bank mandate. 
  

	6.	General Release 

 a. The Company, for itself, its respective
predecessors, successors, assigns, parent companies, subsidiaries, agents, attorneys, general and limited partners, officers, directors, shareholders, employees, independent contractors, representatives and insurers does hereby fully and
unconditionally release, discharge and covenant to hold harmless Mr. Bradford, his agents, attorneys, heirs, executors, administrators, successors and assigns (the “Releases”) from any and all “causes of action”
arising from, relating or attributable in any manner to: (a) Mr. Bradford’s employment with the Company; (b) Mr. Bradford’s directorship of the Company and its subsidiaries; (c) the Employment Agreement, and
(d) any and all acts, omissions, conduct or representations of Mr. Bradford prior to the date of execution of this Agreement. 
 b. Effective as of
the date upon which all of the obligations of the Company under this Agreement have been fulfilled and except as otherwise specifically described herein, Mr. Bradford, for himself, its heirs, executors, administrators, successors and assigns
does hereby fully and unconditionally release, discharge and covenant to hold harmless the Company from any and all “causes of action” arising from, relating or attributable in any manner to: (a) Mr. Bradford’s employment
with the Company; (b) Mr. Bradford’s directorship of the Company and its subsidiaries; (c) the Employment Agreement, and (d) any and all acts, omissions, conduct or representations of the Company prior to the date of
execution of this Agreement. It is expressly 

  

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agreed that nothing in the foregoing release shall be interpreted to release any indemnification provisions applicable to Mr. Bradford in the Articles
of Incorporation or by-laws of the Company or any other similar documents, nor to terminate the benefits that would otherwise be available of any applicable directors’ and officers’ liability insurance policies with respect to
Mr. Bradford’s service as a director and officer of the Company and any of its subsidiaries. 
 c. “Causes of action” as used in
this agreement shall mean all claims, demands, administrative complaints, lawsuits, judgments, liens, damages, causes of action, suits, rights, demands, debts and expenses (including attorney’s fees and costs actually incurred), liabilities and
obligations of any kind and nature whatsoever, whether intentional or negligent, known or unknown, suspected or unsuspected, in law or in equity, individually or as part of a class action, including any and all known and unknown, foreseen or
unforeseen, injuries, damages and losses, including, without limitation, physical, emotional, psychological or personal injuries, death, pecuniary losses, increased risk of harm or death, medical and rehabilitative expenses, loss of fringe benefits,
loss of services, loss of income, loss of enjoyment of life, loss of reputation, loss of consortium, pain and suffering, compensatory damages, punitive damages, or damages to property, and the consequences thereof, occurring prior to the date of
execution of this agreement. The term “causes of action” includes, by way of example and not limitation, all claims arising under or related to: (i) Mr. Bradford’s employment with the Company or the termination thereof,
(ii) statements, acts or omissions by the Parties whether in their individual or representative capacities, (iii) express or implied agreements between the Parties (except as provided herein) and claims under any severance plan,
(iv) any stock or stock option grant, agreement, or plan (except as provided herein), (v) all federal, state, and municipal statutes, ordinances, and regulations, including, but not limited to, claims of discrimination based on race,
national origin, age, sex, disability, whistleblower status, public policy, or any other characteristic of Mr. Bradford under the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, the Americans with Disabilities
Act, the Equal Pay Act, Title VII of the Civil Rights Act of 1964 (as amended), the Employee Retirement Income Security Act of 1974, the Rehabilitation Act of 1973, the Worker Adjustment and Retraining Notification Act, or any other federal, state,
or municipal law prohibiting discrimination or termination for any reason, (vi) state and federal common law, and (vii) any claim which was or could have been raised by Mr. Bradford. 
 d. This Agreement includes claims of every nature and kind, known or unknown, suspected or unsuspected. The Parties hereby acknowledge that they may hereafter discover
facts different from, or in addition to, those which they now know or believe to be true with respect to this Agreement, and the Parties agree that this Agreement and the releases contained herein shall be and remain effective in all respects,
notwithstanding such different or additional facts or the discovery thereof. 
  

	7.	No Admission of Liability 

 The Parties agree that
nothing contained herein, and no action taken by any Party hereto with regard to this Agreement, shall be construed as an admission by any Party of liability or of any fact that might give rise to liability for any purpose whatsoever. 
  

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	8.	Confidentiality 

 Mr. Bradford agrees that the
Confidentiality and Restrictive Covenant Agreement between Mr. Bradford and the Company dated April 30, 2004 shall remain in full force and effect. 
  

	9.	Non-Disparagement and References 

 Mr. Bradford
agrees not to make to any person any statement that disparages the Company or reflects negatively upon the Company, including, without limitation, statements regarding the Company’s financial condition, business practices, employment practices,
or its predecessors, successors, parents, subsidiaries, officers, directors, employees, or affiliates. The Company agrees that, in response to employment inquiries or requests for references concerning Mr. Bradford, the Company will provide
Mr. Bradford’s dates of employment, and job titles while with the Company. 
  

	10.	Return of Company Property and Information 

 a. Confidential
Information. Mr. Bradford represents and warrants that he has returned to the Company any and all property, documents, and files, including any documents (in any recorded media, such as papers, computer disks, copies, photographs, maps,
transparencies, and microfiche) that relate in any way to the Company or the Company’s business, other than the files, data, and/or information relating to the Company and the Company’s business on the Company laptop computer to be
retained by Mr. Bradford until December 31, 2008 for the sole purpose of continuing to provide information and background on the past activities of the Company to the Company’s management. 
 b. Company Property. As of the Effective Date, Mr. Bradford has returned any Company tools, equipment, calling cards, credit cards, access cards or keys, any
keys to any filing cabinets, combinations, access codes, computer passwords, vehicles, vehicle keys, and all other Company property in any form, provided, however, that Mr. Bradford shall be permitted to retain the aforementioned laptop
computer until December 31, 2008 for the purpose described above. 
  

	11.	Severability 

 If any provision of this Agreement is
held illegal, invalid, or unenforceable, such holding shall not affect any other provisions hereof. In the event any provision is held illegal, invalid, or unenforceable, such provision shall be limited so as to effect the intent of the Parties to
the fullest extent permitted by applicable law. Any claim by Mr. Bradford against the Company shall not constitute a defense to enforcement by the Company. 
  

	12.	Assignment 

 The Company may assign its rights under
this Agreement. Mr. Bradford cannot assign his rights under this Agreement without the written consent of the Company. 
  

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	13.	Enforcement 

 The releases contained herein do not
release any claims for enforcement of the terms, conditions, or warranties contained in this Agreement. The Parties shall be free to pursue any remedies available to them to enforce this Agreement. 
  

	14.	Entire Agreement 

 a. Except as provided for in Section 14(b),
this Agreement, the Confidentiality and Restrictive Covenant Agreement dated April 30, 2004, and the stock option agreements referenced herein, represent the entire agreement between the Parties. This Agreement supersedes any and all prior oral
or written promises or agreements between the Parties, including all provisions in the Employment Agreement. 
 b. For the avoidance of doubt, those elements
of the Resignation Agreement and the Letter dated as of November 1, 2007 and titled “Resignation – Administrative Matters”, not specifically dealt with in this letter, shall, where appropriate, continue in full force and effect.

 c. Mr. Bradford acknowledges that he has not relied on any promise, representation, or statement other than those set forth in this Agreement. This
Agreement cannot be modified except in writing signed by all Parties. 
  

	15.	Venue and Applicable Law 

 This Agreement shall be interpreted and
construed in accordance with the laws of the State of Colorado, without regard to its conflicts of law provisions. Venue shall be in the federal or state courts in Colorado. 
 [SIGNING PAGE FOLLOWS] 
  

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 IN WITNESS WHEREOF, the Parties have executed this Severance and Release Agreement. 
  

					
	PETER J.L. BRADFORD	 		 	GOLDEN STAR RESOURCES LTD.
			
	/s/ Peter J.L. Bradford	 		 	/s/ Ted Strickler
	Peter J.L. Bradford	 		 	 Ted Strickler
 Vice President, HR and
Admin

  

 7Management Services Agreement

 Exhibit 10.30 
 MANAGEMENT SERVICES AGREEMENT 
 THIS MANAGEMENT SERVICES AGREEMENT (this “Agreement”) is
made as of July 1, 2007, by and between Golden Star Resources Ltd., a company incorporated under the laws of Canada (the “Company”) and Golden Star Management Services Company, a Delaware corporation (the “Manager”). The
Company and the Manager are each referred to herein as a “Party” and jointly as the “Parties.” 
 WHEREAS, the Company
requires assistance with respect to its management, administration and business operations; 
 WHEREAS, the Manager maintains a staff of
highly skilled and experienced industry personnel; 
 WHEREAS, the Company wishes to engage the Manager to provide certain administrative and
management services to the Company, and the Manager wishes to provide such services to the Company as set forth in this Agreement; 
 NOW,
THEREFORE, in consideration of the promises set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, agree as follows: 
 1. Services. 
 (a) The Company hereby
engages the Manager and the Manager hereby agrees that it shall provide the services described in Schedule I of this Agreement (which includes services that Manager will provide without any applicable markup) and Schedule II of this Agreement (which
includes services that Manager will provide with an applicable markup) (collectively, the “Services”). 
 (b) In addition, Manager
will from time to time pay certain costs (“Additional Costs”, as defined in Section 3(a) and examples of which are included in Schedule III of this Agreement) on behalf of Company without any applicable markup. 
 (c) The Parties intend that the services identified on Schedule I will be those Services that are eligible for the “services cost method”, as
such term is used in Treasury Regulation § 1.482-9T (and any successor regulation), and that Services that are ineligible for such method will be identified on Schedule II; and, the Parties agree to amend Schedules I and II when and as
appropriate to achieve this result. In addition, the Parties may, at any time and by mutual agreement, add a service, delete a service, or modify a service to be performed pursuant to this Agreement. The Manager may retain unaffiliated consultants
or subcontractors to carry out its obligations hereunder if the Manager, in its discretion, deems such consultants or subcontractors necessary, desirable or advisable. 
 2. Term. This Agreement will become effective as of July 1, 2007 (the “Effective Date”), and shall remain in full force and effect until terminated in accordance with Section 8. 

 

 3. Fees. 
 (a) In consideration of the Services to be rendered by the Manager pursuant to this Agreement, the Company shall pay the Manager and the Manager shall be entitled to receive a fee equal to the “Monthly Service
Fee”, as defined in Section 3(f). In addition, the Manager shall be reimbursed by the Company for any amount that the Manager pays that (i) is paid by the Manager, in carrying out its duties as Manager, on behalf and for the benefit
of the Company, and (ii) is not part of the Allocable Cost of a service, as such term is used in Section 3(e) (the “Additional Costs”). Examples of Additional Costs are included on Schedule III of this agreement. 
 (b) The Company may, at its sole option, provide Manager with an advance. Unless the Parties agree otherwise, any advance made pursuant to this
Section 3(b) shall be considered an advance against payments due to the Manager described in Section 3(d), and shall be recouped from the next amounts otherwise payable under Section 3 (d). 
 (c) The Manager shall establish and maintain adequate accounting, management information and cost accounting systems that identify all accounting items
related to the Services, Allocable Costs and Additional Costs. The Company or a mutually agreed upon certified public accountant (i) shall have access, at all reasonable times, to the accounts and records maintained by the Manager that relate
to the performance of Services or the determination of Allocable Costs or Additional Costs and (ii) may inspect, copy and audit such accounts and records of the Manager that relate to the performance of Services and the determination of the
Allocable Costs and Additional Costs. 
 (d) The Manager shall invoice the Company for the Monthly Service Fee, as defined in
Section 3(f) as soon as practicable following the last day of each month and such invoiced amount shall be immediately due and payable by the Company. The Manager shall invoice the Company for the Additional Costs, if any, and such Additional
Costs shall be payable by the Company monthly, in arrears. 
 (e) The “Allocable Cost” of providing a service shall include all
costs directly identified with or reasonably allocated to the provision of a service, including, but not limited to, a reasonable portion of overhead and general and administrative charges. 
 (f) The “Monthly Service Fee” shall be the sum of (i) the Allocable Cost of providing the services on Schedule I, and (ii) 1.07 times
the Allocable Cost of providing the services on Schedule II. The Monthly Service Fee shall accrue throughout the applicable calendar month. In computing the Monthly Service Fee pursuant to this Section 3(f), the Allocable Cost of providing a
service for a month of determination shall be the Allocable Costs with respect to such service accrued by the Manager for such month. 
 4.
Representations and Warranties. Each of the Parties represents and warrants to each other Party: 
 (a) Organization. Each Party
(i) is duly incorporated and validly existing under the laws of the jurisdiction of its incorporation; (ii) has all requisite corporate power and authority under the laws of the jurisdiction of its incorporation to own its property and
carry on its business as currently conducted; and (iii) is duly qualified to do business in each other jurisdiction where 

  

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necessary in light of the business it conducts and the property it owns and intends to conduct and own in light of this Agreement. 
 (b) Authority. Each Party has all requisite corporate power and authority to enter into this Agreement and to perform the Services and obligations
provided for in this Agreement. 
 (c) Binding Agreement. That this Agreement has been duly authorized, executed and delivered by such
Party and constitutes a valid and binding obligation enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting
creditors’ rights and to general equity principles. 
 (d) Consents and Approvals. All authorizations and government approvals
which are necessary for (i) the execution and delivery of this Agreement and (ii) the performance of the Services and other obligations hereunder have been obtained and are in full force and effect, and no other action by, and no notice or
filing with, any governmental authority or other individual or entity is required for such execution, delivery or performance and all fees and taxes required for the legality and enforceability of such documents has been paid. 
 (e) No Conflicts. The execution, delivery and performance of this Agreement does not and will not (i) violate any provision of its
organizational documents, any authorization, any government rule or any government approval or, (ii) conflict with, result in a breach of or constitute a default under any mortgage, indenture, loan, credit agreement or other agreement to which
such Party is a party or by which such Party or its property may be bound or affected in any material respect. 
 5. Manager
Covenants. 
 (a) Standard of Care. The Manager shall perform, or cause its consultants or subcontractors to perform, the Services
at all times (i) in conformity with this Agreement, (ii) in good faith and in a manner the Manager reasonably believes to be in accordance with prudent industry practices, and (iii) in a manner the Manager has no reasonable cause to
believe is not in compliance with all applicable anti-corruption governmental rules, or with other applicable governmental rules and environmental laws. The Manager shall be responsible for obtaining all government approvals required to conduct its
business. 
 (b) Prohibited Activities. The Manager shall not, without the prior approval of the Company, do or permit to occur or to
continue any of the following: (i) create, incur or assume any security interest or encumbrance upon the Company or its properties; (ii) commit or purport to commit the Company to be or to become directly or contingently responsible or
liable for obligations of or to any other individual or entity; (iii) negotiate, execute, amend or modify any understanding or agreement on behalf of the Company; (iv) enter into a binding commitment to sell, transfer, finance, pledge or
hypothecate any property or beneficial interest of the Company; and (v) take any action (or inaction) which pursuant to the provisions of this Agreement requires the prior approval or consent of the Company. 
  

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 (c) Personnel. 
 (A) The Manager shall provide and make available as necessary all professional, supervisory, managerial, administrative, and other
personnel as are necessary to perform the Services. Such personnel shall be duly and appropriately trained, and shall possess the necessary experience, qualifications and administrative support and shall devote such time as is necessary, to enable
them to timely, efficiently, competently and professionally to perform such obligations, as are required hereunder and as would be consistent with prudent administration and management practices. From time to time the Manager shall provide the
Company with such information as is reasonably requested by the Company relating to the Manager’s: (A) guidelines for hiring of personnel who may be engaged in the performance of Services hereunder and (B) employment policies and
standards. The working hours, rates of compensation, and all other matters relating to the employment of individuals employed by the Manager in the performance of the Services shall be determined solely by the Manager. The Company acknowledges that
it shall have no right to review the rates of compensation or the personnel files of any individual or entity engaged in the performance of the Services. The Manager acknowledges and agrees that it does not have the authority to enter into any
contracts or collective bargaining agreements with respect to labor matters that purport to bind or otherwise obligate the Company. 
 (B) The Manager shall indemnify the Company and hold it harmless from all withholding, payroll, unemployment and any and all other taxes required under applicable law to be paid by employers relating to the employment of personnel to
perform the Services under this Agreement. The Manager shall maintain all necessary records with respect to payment of taxes. 
 (d)
Materials. Except as otherwise expressly provided in this Agreement, the Manager shall supply all materials and labor necessary for the performance of the Services at its own expense. 
 (e) Retention of Records. Unless returned to the other Party at the request of such other Party or otherwise disposed of in accordance with the
direction of the other Party, for a period of not less than seven (7) years after the date of termination or expiration of this Agreement, each Party shall continue to maintain all files and records pertaining to the performance of this
Agreement. 
 (f) Insurance. The Manager shall maintain at all times such employer’s liability insurance as required by applicable
law. 
 6. Indemnification and Exculpation. 
 (a) Subject to Section 6(c) hereof, to the fullest extent permitted by law, the Company shall indemnify and save harmless the Manager, and its officers, directors or employees (each, an “Indemnified
Party”) from and against any and all claims, liabilities, damages, losses, costs and expenses (including amounts paid in satisfaction of judgments, in compromises and settlements, as fines and penalties and reasonable attorneys’ fees and
other legal or other costs and expenses of investigating or defending against any claim or alleged claim but excluding any liabilities for taxes of any Indemnified Party), known or unknown, liquidated or 

  

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unliquidated, that are incurred by such Indemnified Party and arise out of or in connection with the business of the Company or the performance by such
Indemnified Party of its responsibilities hereunder (including, without limitation, those that arise out of or in connection with the employment by the Manager of advisors, agents or other third parties to assist the Manager in the performance of
its duties pursuant to this Agreement) (each of the foregoing, a “Claim”); provided, that an Indemnified Party shall not be entitled to indemnification hereunder to the extent such Claim arises from willful misconduct, bad faith or conduct
that is otherwise not in accordance with the standard of care set forth in Section 5(a). The termination of any proceeding by settlement, judgment, order or upon a plea of nolo contendre or its equivalent shall not, of itself, create a
presumption that an Indemnified Party was engaged in willful misconduct or bad faith. Any person or entity entitled to indemnification from the Company hereunder shall obtain the written consent of the Company (which consent shall not be
unreasonably withheld) prior to entering into any agreement or settlement that would result in an obligation of the Company to indemnify such person or entity. 
 (b) Expenses incurred by an Indemnified Party in defense or settlement of any Claim that may be subject to a right of indemnification hereunder may be advanced by the Company prior to the final disposition thereof
upon receipt of an undertaking by or on behalf of the Indemnified Party to repay such amount to the extent that it shall be determined ultimately that such Indemnified Party is not entitled to be indemnified hereunder. The right of any Indemnified
Party to the indemnification provided herein shall be cumulative of, and in addition to, any and all rights to which such Indemnified Party may otherwise be entitled by contract or as a matter of law or equity and shall be extended to such
Indemnified Party’s successors, assigns and legal representatives. 
 (c) Promptly after receipt by an Indemnified Party of notice of the
commencement of any action or proceeding or threatened action or proceeding in connection with any Claim referred to in Section 6(a), such Indemnified Party shall give written notice thereof to the Company; provided, that the failure of an
Indemnified Party to give such notice shall not relieve the Company of its obligations pursuant to this Section 6, except to the extent that the Company is actually prejudiced by such failure to give notice. 
 (d) In case any action or proceeding is commenced against any Indemnified Party that may be subject to indemnification pursuant to this Section 6,
the Company shall have the right to assume the defense thereof, with counsel reasonably satisfactory to such Indemnified Party. After notice from the Company to such Indemnified Party of the Company’s election to assume the defense thereof, the
Company will be liable for the expenses subsequently incurred by such Indemnified Party in connection with the defense thereof. The Company will not consent to the entry of any judgment or enter into any settlement that does not include as an
unconditional term the giving to such Indemnified Party a release from all liability in respect of such Claim. 
 7. No Partnership.
Nothing contained herein shall create, or shall be construed as creating, a partnership or joint venture of any kind or as imposing upon any Party any partnership duty, obligation or liability to any other Party. Each Party shall be an independent
contractor hereunder and neither shall be the agent of any other Party. 
  

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 8. Termination. 
 (a) Termination by the Company. The Company shall be permitted to terminate this Agreement at any time, with or without cause, upon thirty (30) days written notice to the Manager in accordance with
Section 10(a). 
 (b) Termination by the Manager. The Manager shall be permitted to terminate this Agreement at any time by
delivering to the Company notice to that effect (the “Resignation Notice”) in accordance with Section 10(a)). The Manager’s resignation shall be effective on the 90th day following receipt of the Resignation Notice by the
Company. 
 (c) Termination by either Party. Either Party shall be permitted to terminate this Agreement with immediate effect, in the
event that the other Party becomes insolvent, bankrupted, files a petition seeking to take advantage of any other law relating to bankruptcy, insolvency, reorganization, or winding-up, makes a general assignment for the benefits of its creditors, or
admits in writing its inability to pay its debts as they come due, by giving notice in accordance with Section 10(a). 
 (d) Effect
of Termination. 
 (A) Upon termination of this Agreement, the Manager shall provide the Company with the right to
continue to use any and all of the Manager’s proprietary information that the Company deems reasonably necessary to perform the Services. Furthermore, the Company shall have the right to employ any other individual or entity to perform the
Services by whatever method the Company may deem expedient. The Manager shall have no further rights under this Agreement and shall not be entitled to receive any further payments under this Agreement, except for (A) the ratable portion of the
Annual Service Fee that it earned for the calendar month during which the Agreement was terminated for Services rendered by the Manager through such termination date and (B) any documented and unpaid Additional Costs owed by the Company to the
Manager; provided, however, that the Company’s obligations under Section 6 hereof shall survive termination of this Agreement. The Manager shall prepare records and documentation for transfer to a new manager at the Company’s request
and, unless such termination by the Company is the result of a default by the Manager in the performance of its obligations under this Agreement (in which case the Manager shall pay for the costs of preparation of such records and documentation), at
the Company’s expense. 
 (B) At the request and expense of the Company upon the termination of this Agreement for any
reason, the Manager shall exercise good faith and due diligence to assign to the Company all of the Manager’s rights to the extent assignable under subcontracts and other contractual agreements entered into by the Manager in connection with the
performance of the Services as may be designated by the Company. 
 9. Force Majeure. Neither Party shall be deemed to be in breach of
its obligations hereunder nor shall it be liable to the other for any loss or damage which may be suffered as a direct or indirect result of the performance of any of its obligations being prevented, hindered or delayed by reason of any force
majeure circumstances, which shall mean any act of God, war, riot, terrorist act, civil 

  

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commotion, strike, lock-out, trade dispute or labor disturbance, accident, breakdown of plant or machinery, explosion, fire, flood, difficulty in obtaining
workmen, materials or transport, government action, epidemic, or other circumstances whatsoever outside the control of such Party affecting the performance of such Party’s duties hereunder; provided that the Company shall in no event be
relieved of its obligation to pay the Annual Service Fee. 
 10. Miscellaneous. 
 (a) Notices. All notices or other communications which either Party may desire or be required to give hereunder shall be delivered by hand or
overnight courier service, mailed by registered or certified mail, or sent by facsimile transmission, at their following respective addresses and shall be effective upon receipt: 
  

			
	 To the Company:
	  	 Golden Star Resources Ltd.
 10901 West Toller Drive,
Suite 300
 Littleton, Colorado 80127-6312
 Tel.: 303-894-4631

 Fax: 303-830-9094

		
	 To the Manager:
	  	 Golden Star Management Services Company
 10901 West
Toller Drive, Suite 300
 Littleton, Colorado 80127-6312
 Tel.:
303-894-4631
 Fax: 303-830-9094

 (b) Assignment. This Agreement may not be assigned by any Party hereto without the other
Party’s prior written consent. 
 (c) Governing Law. This Agreement shall be governed and construed in accordance with the laws of
the State of Colorado without regard to choice or conflict of laws. 
 (d) Further Assurances. Each Party upon the request of the other
Party agrees to perform such further acts and execute and deliver such further documents as may be reasonably necessary to carry out the terms and intent of this Agreement. 
 (e) Entire Agreement; Waiver; Severability. This Agreement constitutes the entire understanding between the Parties hereto with respect to the
subject matter hereof and no waiver or amendment or modification of the terms hereof shall be valid unless signed in writing by the Parties hereto and only to the extent therein set forth. If any term or provision of this Agreement or any portion of
a term or provision hereof or the application thereof to any individual or entity or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Agreement, or the application of such term or provision or portion thereof to
individuals or entities or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each term and provision of this Agreement and each portion thereof shall be valid and enforced to the
fullest extent permitted by law. 
  

 7 

 (f) Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Parties
hereto and their respective successors and permitted assigns. 
 (g) Headings. The headings in this Agreement are for convenience only
and shall not affect its construction. 
 (h) Amendment; Counterparts. This Agreement may only be amended in writing signed by both of
the Parties. This Agreement and any amendment hereto may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 (i) Dispute Resolution. Any dispute, controversy or claim arising under or in connection with this Agreement, and which cannot be resolved within
60 days of good faith negotiations between the Parties, shall be settled through binding arbitration conducted in Denver, Colorado pursuant to the Commercial Arbitration rules of the American Arbitration Association. 
 [signature page follows] 
  

 8 

 IN WITNESS WHEREOF, this Agreement has been executed by the Parties hereto as of the date first written
above. 
  

			
	Golden Star Resources Ltd.
		
	By:	 	/s/ Thomas G. Mair
		 	 Name: Thomas G. Mair
 Title: Chief Financial Officer

  

			
	Golden Star Management Services Company
		
	By:	 	/s/ Roger Palmer
		 	 Name: Roger Palmer
 Title: VP Finance and Controller

  

 9

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