Document:

Contract for Professional and Technical Services

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

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

	1.	SERVICES TO BE RENDERED 

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

 pg 1 of 12 

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

	2.	GEOVIC TEAM 

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

 pg 2 of 12 

	3.	REMUNERATION 

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

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

  

	4.	OUTSIDE CONTRACTORS AND OTHER PROJECT COSTS 

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

	5.	TERMS AND CONDITIONS OF PAYMENT 

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

 pg 3 of 12 

	6.	RESPONSIBILITY OF GEOVIC 

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

	7.	LIABILITY 

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

	8.	OWNERSHIP OF DOCUMENTS AND INTELLECTUAL PROPERTY RIGHTS 

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

	9.	EMPLOYEES AND CONSULTANTS ON SECONDMENT 

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

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

 pg 4 of 12 

	10.	TAXES 

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

	11.	TERM OF THE SERVICES CONTRACT 

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

	12.	GENERAL PROVISIONS 

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

	13.	ATTACHMENTS 

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

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

			
	GEOVIC CAMEROON PLC,
		
	 By:
	  	 /s/    Richard Howe

	 Name:
	  	RICHARD HOWE
	 Title:
	  	 General Manager

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

	 Name:
	  	JOHN E. SHERBORNE
	 Title:
	  	 Chairman and CEO

  

 pg 5 of 12 

 Schedule A 
 2008 GeoCam Budget 
  

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

  

 pg 6 of 12 

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

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

 pg 7 of 12 

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

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

  

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

  

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

  

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

  

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

 

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

 

 pg 8 of 12 

 Schedule C 
 2008 REQUESTED SERVICES 
 BY GEOCAM

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

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

 pg 9 of 12 

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

  

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

  

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

  

 pg 10 of 12 

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

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

  

	 	 ̈	 Travel costs billed on an actual cost reimbursable basis. 

  

					
	SCOPE OF SERVICES:
	Seconded:	 	Yes:   ̈	 	No:   ̈
	Description
	 
	 

  

	
	PERFORMANCE SCHEDULE:
	 
	 

  

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

  

			
	ACCEPTED BY:	 	REQUESTED BY:
		
	                         GEOVIC, LTD.

	 	             GEOVIC CAMEROON PLC

		
	 Signature
	 	 Signature

		
	 Name:
	 	 Name:

		
	 Title:
	 	 Title:

		
	 Date:
	 	 Date:

  

 pg 11 of 12 

 Schedule E 
 2008 REMUNERATION OF GEOVIC SERVICES 
  

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

  

 pg 12 of 12Notice of Grant Stock Option

 EXHIBIT 10.22 
 JAMBA, INC. 
 NOTICE OF GRANT OF STOCK OPTION 
 You (the “Optionee”) have been granted an option (the “Option”) to purchase
certain shares of Common Stock of Jamba, Inc. (the “Company”) pursuant to the attached Non-Qualified Stock Option Agreement (the “Option Agreement”), as follows: 
  

					
	 Optionee:
	  	James White	  	
			
	 Date of Grant:
	  	December 1, 2008	  	
			
	 Number of Option Shares:
	  	1,500,000	  	
			
	 Exercise Price:
	  	$0.60	  	
			
	 Initial Vesting Date:
	  	The date one (1) year after December 1, 2008 	  	
			
	 Option Expiration Date:
	  	The date ten (10) years after the Date of Grant	  	
			
	 Tax Status of Option:
	  	Non-Statutory Stock Option	  	
			
	 Vested Shares:
	  	Except as provided in your accompanying Option Agreement and your Employment Agreement dated as of November 17, 2008 (the “Employment Agreement”), the number of Vested
Shares (disregarding any resulting fractional share) as of any date is determined by multiplying the Number of Option Shares by the “Vested Ratio” determined as of such date as follows:	  	
			
	 	  	 	  	Vested Ratio
		  		  	
		  	Prior to Initial Vesting Date	  	0
			
		  	On Initial Vesting Date, provided the Optionee’s service has not terminated prior to such date	  	1/4
			
		  	Plus	  	
			
		  	For each additional full year of the Optionee’s continuous service from Initial Vesting Date until the Vested Ratio equals 1/1, an additional	  	1/4

 By their signatures below or by electronic acceptance or authentication in a form authorized by the Company, the
Company and the Optionee agree that the Option is governed by this Notice of Grant, by the provisions of the Employment Agreement and the Option Agreement and by certain portions of the 2006 Employee, Director and Consultant Stock Plan (the
“Plan”) which are incorporated by reference into the Option Agreement, all of which are made a part of this document. By signing this Notice of Grant the Optionee and the Company shall have deemed to have entered into the
accompanying Option Agreement. The Optionee represents that the Optionee has read and is familiar with the provisions of the Employment Agreement, the Option Agreement and the Plan, and hereby accepts the Option subject to all of the terms and
conditions of the Employment Agreement and the Option Agreement. 
  

							
	JAMBA, INC.	 		 	OPTIONEE
				
	By:	 	/s/ Michael Fox	 		 	/s/ James White
	Name:	 	Michael Fox	 		 	Signature
	Title:	 	Senior Vice President, General Counsel	 		 	December 12, 2008
		 		 		 	Date
	Address:	 	6475 Christie Ave., Suite 150	 		 	6475 Christie Avenue
		 	Emeryville, California 94608	 		 	Address
		 		 		 	Emeryville, CA 94608

 ATTACHMENTS:             Option Agreement, Exercise
Notice and Plan 

 NON-QUALIFIED STOCK OPTION AGREEMENT 
 JAMBA, INC. 
 This Non-qualified Stock Option Agreement (this
“Agreement”) made as of the date set forth in the Notice of Grant of Stock Option to which this Agreement is attached (the “Grant Notice”) is between Jamba, Inc. (the “Company”), a Delaware corporation, and the
individual named in the Grant Notice (the “Optionee”). 
 WHEREAS, the Company desires to grant to the Optionee a non-qualified
stock option (the “Option” to purchase shares of its common stock, $.001 par value per share (the “Shares”), under and for the purposes set forth in the employment agreement between the Company’s wholly-owned
subsidiary Jamba Juice Company and the Optionee dated as of November 17, 2008 (the “Employment Agreement”); and 
 WHEREAS,
the Company and the Optionee understand and agree that pursuant to the Employment Agreement this Option is being granted as an inducement grant outside of the Company’s 2006 Employee, Director and Consultant Stock Plan (the “Plan”);
and 
 WHEREAS, for purposes of administering this Option, certain defined terms and other provisions set forth in the Plan are incorporated
by reference in this Agreement; and 
 WHEREAS, the Company and the Optionee each intend that the Option granted herein shall not be an
incentive stock option subject to Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”) and, therefore, shall be treated as a non-qualified stock option. 
 NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the parties hereto agree as
follows: 
  

	 	1.	GRANT OF OPTION. 

 The Company hereby grants to the
Optionee the right and option to purchase all or any part of an aggregate of such number of Shares as set forth in the Grant Notice, on the terms and conditions and subject to all the limitations set forth in the Grant Notice and herein, under
United States securities and tax laws. By signing the Grant Notice, the Optionee: (a) represents that the Optionee has received copies of, and has read and is familiar with the terms and conditions of, the Grant Notice and this Agreement,
(including a copy of the Plan), (b) accepts the Option subject to all of the terms and conditions of the Grant Notice and this Agreement and (c) agrees to accept as binding, conclusive and final all decisions or interpretations of the
Company’s Board of Directors or any Committee of the Board of Directors to whom power to act under or pursuant to the provisions of this Agreement has been delegated (the “Administrator”), upon any questions arising under the Grant
Notice or this Agreement. 
  

	 	2.	PURCHASE PRICE. 

 The purchase price of the Shares
covered by the Option shall be as set forth in the Grant Notice, subject to adjustment, as provided in Paragraph 24 of the Plan (the provisions of which are incorporated by reference), in the event of a stock split, reverse stock split or other
events affecting the holders of Shares after the date hereof (the “Purchase Price”). Payment shall be made in accordance with Paragraph 9 of the Plan (the provisions of which are incorporated by reference). 
  

 2 

	 	3.	EXERCISABILITY OF OPTION. 

 Subject to the terms and
conditions set forth in this Agreement, the Option granted hereby shall become exercisable as set forth in the Grant Notice. The foregoing rights are cumulative and are subject to the other terms and conditions of this Agreement. 
  

	 	4.	TERM OF OPTION. 

 This Option shall terminate ten
years from the date of this Agreement, but shall be subject to earlier termination as provided herein. 
 If the Optionee ceases to be an
employee, director or consultant of the Company or of an Affiliate for any reason other than the death or Disability of the Optionee or termination of the Optionee for “cause”), the Option may be exercised, if it has not previously
terminated, within three months after the date the Optionee ceases to be an employee, director or consultant of the Company or an Affiliate, or within the originally prescribed term of the Option, whichever is earlier, but may not be exercised
thereafter. In such event, the Option shall be exercisable only to the extent that the Option has become exercisable and is in effect at the date of such cessation of service. For purposes of this Agreement, “Affiliate” and
“Disability” shall have the meanings set forth in Paragraph 1 of the Plan (the provisions of which are incorporated by reference). 
 Notwithstanding the foregoing, in the event of the Optionee’s Disability or death within three months after the termination of service, the Optionee or the Optionee’s “Survivors” (as defined in Paragraph 1 of the Plan)
may exercise the Option within one year after the date of the Optionee’s termination of service, but in no event after the date of expiration of the term of the Option. 
 In the event the Optionee’s service is terminated by the Company or an Affiliate for “cause”, the Optionee’s right to exercise any
unexercised portion of this Option shall cease immediately as of the time the Optionee is notified his or her service is terminated for “cause,” and this Option shall thereupon terminate. Notwithstanding anything herein to the contrary, if
subsequent to the Optionee’s termination, but prior to the exercise of the Option, the Administrator determines that, either prior or subsequent to the Optionee’s termination, the Optionee engaged in conduct which would constitute
“cause,” then the Optionee shall immediately cease to have any right to exercise the Option and this Option shall thereupon terminate. 
 In the event of the Disability of the Optionee, the Option shall be exercisable within one year after the Optionee’s termination of service or, if earlier, within the term originally prescribed by the Option. In such event, the Option
shall be exercisable: 
  

	 	(a)	to the extent that the Option has become exercisable but has not been exercised as of the date of Disability; and 

  

	 	(b)	in the event rights to exercise the Option accrue periodically, to the extent of a pro rata portion through the date of Disability of any additional vesting rights that would have
accrued on the next vesting date had the Optionee not become Disabled. The proration shall be based upon the number of days accrued in the current vesting period prior to the date of Disability. 

  

 3 

 In the event of the death of the Optionee while an employee, director or consultant of the Company or of
an Affiliate, the Option shall be exercisable by the Optionee’s Survivors within one year after the date of death of the Optionee or, if earlier, within the originally prescribed term of the Option. In such event, the Option shall be
exercisable: 
  

	 	(x)	to the extent that the Option has become exercisable but has not been exercised as of the date of death; and 

  

	 	(y)	in the event rights to exercise the Option accrue periodically, to the extent of a pro rata portion through the date of death of any additional vesting rights that would have
accrued on the next vesting date had the Optionee not died. The proration shall be based upon the number of days accrued in the current vesting period prior to the Optionee’s date of death. 

 Notwithstanding anything in this Section 4 to the contrary, in the event the Option is subject to accelerated vesting pursuant to Sections 7.2(a) or
7.4(a) of the Employment Agreement, the post-termination period during which the Option shall be exercisable shall be extended to the extent set forth in the Employment Agreement. 
  

	 	5.	METHOD OF EXERCISING OPTION. 

 Subject to the terms
and conditions of this Agreement, the Option may be exercised by written notice to the Company or its designee, in substantially the form of Exhibit A attached hereto. Such notice shall state the number of Shares with respect to which
the Option is being exercised and shall be signed by the person exercising the Option. Payment of the purchase price for such Shares shall be made in accordance with Paragraph 9 of the Plan. The Company shall deliver such Shares as soon as
practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including,
without limitation, state securities or “blue sky” laws). The Shares as to which the Option shall have been so exercised shall be registered in the Company’s share register in the name of the person so exercising the Option (or, if
the Option shall be exercised by the Optionee and if the Optionee shall so request in the notice exercising the Option, shall be registered in the Company’s share register in the name of the Optionee and another person jointly, with right of
survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. In the event the Option shall be exercised, pursuant to Section 4 hereof, by any person other than the Optionee, such
notice shall be accompanied by appropriate proof of the right of such person to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable. 
  

	 	6.	PARTIAL EXERCISE. 

 Exercise of this Option to the
extent above stated may be made in part at any time and from time to time within the above limits, except that no fractional share shall be issued pursuant to this Option. 
  

	 	7.	NON-ASSIGNABILITY. 

 The Option shall not be
transferable by the Optionee otherwise than by will or by the laws of descent and distribution or pursuant to a qualified domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security Act or the rules
thereunder. However, the Optionee, with the approval of the Administrator, may transfer the Option for no consideration to or for the benefit of the Optionee’s Immediate Family (including, without limitation, to a trust for the benefit of the
Optionee’s Immediate Family or to a partnership or limited liability company for one or more members of the Optionee’s Immediate Family), subject to such limits as the Administrator may establish, and the transferee shall remain subject to
all the terms and conditions applicable to the Option prior to such transfer and each such transferee shall so acknowledge in writing as a condition precedent to the effectiveness of such transfer. The term “Immediate Family” shall mean
the Optionee’s spouse, former 

  

 4 

 
spouse, parents, children, stepchildren, adoptive relationships, sisters, brothers, nieces, nephews and grandchildren (and, for this purpose, shall also
include the Optionee.) Except as provided above in this paragraph, the Option shall be exercisable, during the Optionee’s lifetime, only by the Optionee (or, in the event of legal incapacity or incompetency, by the Optionee’s
guardian or representative) and shall not be assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. Any attempted transfer, assignment, pledge,
hypothecation or other disposition of the Option or of any rights granted hereunder contrary to the provisions of this Section 7, or the levy of any attachment or similar process upon the Option shall be null and void. 
  

	 	8.	NO RIGHTS AS STOCKHOLDER UNTIL EXERCISE. 

 The
Optionee shall have no rights as a stockholder with respect to Shares subject to this Agreement until registration of the Shares in the Company’s share register in the name of the Optionee. Except as is expressly provided in this Agreement with
respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to the date of such registration. 
  

	 	9.	ADJUSTMENTS. 

 Paragraph 24 of the Plan contains
provisions covering the treatment of Options in a number of contingencies such as stock splits and mergers. Subject to Section 409A of the Code, these provisions providing for adjustment with respect to stock subject to Options and the related
provisions with respect to successors to the business of the Company are hereby made applicable hereunder and are incorporated herein by reference. 
  

	 	10.	TAXES. 

 The Optionee acknowledges that upon
exercise of the Option the Optionee will be deemed to have taxable income measured by the difference between the then fair market value of the Shares received upon exercise and the price paid for such Shares pursuant to this Agreement. The Optionee
acknowledges that any income or other taxes due from him or her with respect to this Option or the Shares issuable pursuant to this Option shall be the Optionee’s responsibility. 
 The Optionee agrees that the Company may withhold from the Optionee’s remuneration, if any, the minimum statutory amount of federal, state and local
withholding taxes attributable to such amount that is considered compensation includable in such person’s gross income. At the Company’s discretion, the amount required to be withheld may be withheld in cash from such remuneration, or in
kind from the Shares otherwise deliverable to the Optionee on exercise of the Option. The Optionee further agrees that, if the Company does not withhold an amount from the Optionee’s remuneration sufficient to satisfy the Company’s income
tax withholding obligation, the Optionee will reimburse the Company on demand, in cash, for the amount under-withheld. 
  

	 	11.	PURCHASE FOR INVESTMENT. 

 Unless the offering and
sale of the Shares to be issued upon the particular exercise of the Option shall have been effectively registered under the Securities Act of 1933, as now in force or hereafter amended (the “1933 Act”), the Company shall be under no
obligation to issue the Shares covered by such exercise unless and until the following conditions have been fulfilled: 
  

	 	(a)	 The person(s) who exercise the Option shall warrant to the Company, at the time of such exercise, that such person(s) are acquiring such Shares for their own
respective accounts, 

  

 5 

	 	 
for investment, and not with a view to, or for sale in connection with, the distribution of any such Shares, in which event the person(s) acquiring such
Shares shall be bound by the provisions of the following legend which shall be endorsed upon the certificate(s) evidencing the Shares issued pursuant to such exercise: 

 “The shares represented by this certificate have been taken for investment and they may not be sold or otherwise transferred by any person,
including a pledgee, unless (1) either (a) a Registration Statement with respect to such shares shall be effective under the Securities Act of 1933, as amended, or (b) the Company shall have received an opinion of counsel satisfactory
to it that an exemption from registration under such Act is then available, and (2) there shall have been compliance with all applicable state securities laws;” and 
  

	 	(b)	If the Company so requires, the Company shall have received an opinion of its counsel that the Shares may be issued upon such particular exercise in compliance with the 1933 Act
without registration thereunder. Without limiting the generality of the foregoing, the Company may delay issuance of the Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law
(including without limitation state securities or “blue sky” laws). 

  

	 	12.	NO OBLIGATION TO MAINTAIN RELATIONSHIP. 

 The
Company is not by this Option obligated to continue the Optionee as an employee, director or consultant of the Company or an Affiliate. The Optionee acknowledges: (i) that the grant of the Option is a one-time benefit which does not create any
contractual or other right to receive future grants of options, or benefits in lieu of options; (ii) that all determinations with respect to any such future grants, including, but not limited to, the times when options shall be granted, the
number of shares subject to each option, the option price, and the time or times when each option shall be exercisable, will be at the sole discretion of the Company; (iii) that the Optionee’s acceptance of the Option is voluntary; and
(iv) except as expressly provided in the Employment Agreement, the Option is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards,
pension or retirement benefits or similar payments. 
  

	 	13.	NOTICES. 

 Any notices required or permitted by the
terms of this Agreement or the Plan shall be given by recognized courier service, facsimile, registered or certified mail, return receipt requested, addressed as follows: 
  

			
	If to the Company:	  	Jamba, Inc.
		  	6475 Christie Ave., Suite 150
		  	Emeryville, California 94608
	If to the Optionee:	  	 to the Optionee’s address of
 record on the
Company’s books;

 or to such other address or addresses of which notice in the same manner has previously been given. Any such
notice shall be deemed to have been given upon the earlier of receipt, one business day following delivery to a recognized courier service or three business days following mailing by registered or certified mail. 
  

 6 

	 	14.	GOVERNING LAW. 

 This Agreement shall be construed
and enforced in accordance with the law of the Delaware, without giving effect to the conflict of law principles thereof. For the purpose of litigating any dispute that arises under this Agreement, the parties hereby consent to exclusive
jurisdiction in California and agree that such litigation shall be conducted in the courts of San Francisco County, California or the federal courts of the United States for the Northern District of California. 
  

	 	15.	BENEFIT OF AGREEMENT. 

 This Agreement shall be for
the benefit of and shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto. 
  

	 	16.	ENTIRE AGREEMENT. 

 The Employment Agreement, the
Grant Notice, this Agreement, together with those portions of the Plan specifically incorporated by reference, embodies the entire agreement and understanding between the parties hereto with respect to the subject matter hereof and supersedes all
prior oral or written agreements and understandings relating to the subject matter hereof. No statement, representation, warranty, covenant or agreement not expressly set forth in such documents shall affect or be used to interpret, change or
restrict, the express terms and provisions of this Option. Signature on the Grant Notice shall constitute signature of the parties to this Agreement. 
  

	 	17.	MODIFICATIONS AND AMENDMENTS. 

 The terms and
provisions of this Agreement may be modified or amended by a written agreement between the parties. 
  

	 	18.	WAIVERS AND CONSENTS. 

 The terms and provisions of
this Agreement may be waived, or consent for the departure therefrom granted, only by written document executed by the party entitled to the benefits of such terms or provisions. No such waiver or consent shall be deemed to be or shall constitute a
waiver or consent with respect to any other terms or provisions of this Agreement, whether or not similar. Each such waiver or consent shall be effective only in the specific instance and for the purpose for which it was given, and shall not
constitute a continuing waiver or consent. 
  

	 	19.	DATA PRIVACY. 

 By entering into this Agreement, the
Optionee: (i) authorizes the Company and each Affiliate, and any agent of the Company or any Affiliate administering the Option or providing Option recordkeeping services, to disclose to the Company or any of its Affiliates such information and
data as the Company or any such Affiliate shall request in order to facilitate the grant of this Options and the administration of the Option; (ii) waives any data privacy rights he may have with respect to such information; and
(iii) authorizes the Company and each Affiliate to store and transmit such information in electronic form. 
  

 7 

 Exhibit A 
 NOTICE OF EXERCISE OF NON-QUALIFIED STOCK OPTION 
 TO: Jamba, Inc. 
 Ladies and Gentlemen: 
 I hereby exercise my Non-Qualified
Stock Option to purchase                     shares (the “Shares”) of the common stock, $.001 par value, of Jamba, Inc. (the
“Company”), at the exercise price of $                     per share, pursuant to and subject to the terms of that certain Grant
Notice and Non-Qualified Stock Option Agreement between the undersigned and the Company dated                     , 2008. 
 I understand the nature of the investment I am making and the financial risks thereof. I am aware that it is my responsibility to have consulted with
competent tax and legal advisors about the relevant national, state and local income tax and securities laws affecting the exercise of the Option and the purchase and subsequent sale of the Shares. 
 I am paying the option exercise price for the Shares as
follows:                                       
  
 Please issue the Shares (check one): 
  ̈ to me; or 
  ̈ to me and
                                , as joint tenants with right of survivorship, at
the following address: 

			
	  	  	 
	  	  	 
		
	 	  	
		
	 	  	

 My mailing address for shareholder communications, if different from the address listed above, is: 

			
	  	  	 
	  	  	 
		
	 	  	
		
	 	  	

 Very truly yours, 

			
	  
	  
	 Optionee (signature)
	  	Date
	
	 
	 Print Name
	  	Social Security Number

  

 IMPORTANT NOTICE: This form of Notice of Exercise may only be used at such time as the Company has filed a
Registration Statement with the Securities and Exchange Commission under which the issuance of the Shares for which this exercise is being made is registered and such Registration Statement remains effective.

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