Document:

Charter of Compensation Committee

 Exhibit 10.22 
 GEOVIC MINING CORP. 
 COMPENSATION COMMITTEE CHARTER 
 Purpose 
 The primary purpose of the
Compensation Committee (“Committee”) is to discharge the responsibilities of the Board of Directors (“Board”) of Geovic Mining Corp. (“Company”) relating to the compensation of the Company’s executive officers. The
Committee has overall responsibility for evaluating and making recommendations to the Board regarding equity-based, salary and incentive compensation plans, policies and programs of the Company, and may include recommendations to the Board regarding
annual and long-term incentive compensation for the Directors. The Committee has the responsibility to produce an annual report on executive compensation for inclusion in the Company’s annual proxy statement, in accordance with applicable rules
and regulations of the Toronto Stock Exchange, Securities and Exchange Commission, and any other exchange on which securities of the Company may be listed or traded. The Committee will review the Company’s compensation programs on an ongoing
basis to ensure that they are competitive with industry standards, enable the Company to meet its business objectives, and to attract, motivate and retain qualified employees. Nothing herein is intended to expand applicable standards of liability
under U.S. or Canadian law for directors of the Company. 
 Composition and Qualifications 
 The Committee shall be comprised of three or more members of the Board, at least two of whom are determined by the Board to be “independent” under the rules of
the Toronto Stock Exchange and any other exchange on which securities of the Company may be listed or traded. A Committee which is comprised of at least three members may include one non-independent director who is not a current officer or employee
and who meets the other specified requirements if then permitted under applicable rules of the Toronto Stock Exchange and any other exchange on which securities of the Company may be listed or traded. In addition, a person may serve on the Committee
only if the Board determines that he or she (i) is a “non-employee director” for purposes of Rule 16b-3 under the Securities Exchange Act of 1934, as amended, and (ii) satisfies the requirements of an “outside director”
for purposes of Section 162(m) of the Internal Revenue Code, as amended. 
 Appointment and Removal 
 The members of the Committee shall be appointed by the Board and shall serve until such member’s successor is duly elected and qualified or until such member’s
earlier resignation or removal. The Board may remove the members of the Committee, with or without cause by a majority vote of the Board. Any vacancy in the Committee occurring for any cause may be filled by a majority of the Board then in office.
Unless a Chair is elected by the full Board, the members of the Committee may designate a Chair by majority vote of the full Committee. A majority of the members of the Committee shall constitute a quorum for the transaction of business and the act
of a majority of those present at any meeting at which there is a quorum shall be the act of the Committee. 
  

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 Meetings 
 Meetings may be in person or by telephone conference call. The Chair of the Committee, in consultation with the Committee members, will determine the schedule and frequency of the Committee meetings, provided that the Committee will meet in
person at least one time per year. The Chair shall develop and set the Committee’s agenda, in consultation with the other members of the Committee, the Board and management of the Company. The agenda and information concerning the business to
be conducted at each Committee meeting shall, to the extent practical, be distributed to the members of the Committee sufficiently in advance of each meeting to permit meaningful review. 
 Responsibilities 
 The responsibilities of the Committee are as follows: 
  

	 	1.	Discharge the Board’s responsibilities to shareholders, regulatory authorities and the investment community relating to the compensation of the Company’s executive
officers. 

  

	 	2.	Review and approve corporate goals and objectives relevant to the compensation of the Company’s executive officers to ensure that such compensation goals and objectives are
aligned with the Company’s objectives and shareholder interests. 

  

	 	3.	Prepare an annual Compensation Committee Report, including a Compensation Discussion and Analysis, for shareholders on the Company’s executive compensation policies and
programs, and the relationship of corporate performance to executive compensation. The Compensation Committee Report shall include the factors and criteria on which the executive officers’ compensation for the previous fiscal year was based and
the relationship of the Company’s performance to the executive officers’ compensation, and a summary of current compensation policies and goals for inclusion in the Company’s annual proxy statement. 

  

	 	4.	Review and discuss with the Company’s management the Compensation Discussion and Analysis to be included in the Company’s annual proxy statement and determine whether to
recommend to the Board that the Compensation Discussion and Analysis be included in the proxy statement. 

  

	 	5.	Review and evaluate the performance of the Company’s executive officers in light of the goals and objectives of the Company and shareholder interests. As a Committee, determine
and approve the Company’s executive officers’ annual compensation packages, including base salaries, cash bonuses, stock options and other equity-based incentives, variable pay amounts and variable pay metrics, based on these evaluations
and in accordance with the terms of the Company’s incentive compensation programs, including the Company’s stock option plan. The chief executive officer shall not be present during voting or deliberations concerning his or her
compensation. 

  

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	 	6.	Review executive compensation disclosures before the Company publicly discloses this information, and make annual reports on executive compensation in the Company’s annual
proxy statement as required by the rules of the Toronto Stock Exchange, and any other exchange on which securities of the Company may be listed or traded and rules adopted by the Securities and Exchange Commission under the Securities Exchange Act
of 1934, as amended (“1934 Act”). 

  

	 	7.	Supervise and oversee, which may consist of requiring appropriate officers of the Company to report directly to the Committee regarding the administration of the Company’s
incentive compensation, variable pay and stock programs. 

  

	 	8.	Monitor the effectiveness of benefit plan offerings and approve changes where appropriate. 

  

	 	9.	Review and act upon management proposals to (i) designate key employees to incentive compensation programs, and (ii) approve additional benefit plans.

  

	 	10.	Make recommendations to the Board regarding annual and long-term incentive compensation for the Directors, if requested to do so by the Board. 

  

	 	11.	Have sole authority in the Committee’s discretion, to retain and terminate independent executive compensation consultants, including the fees and other terms of their
engagements, and to advise the Committee on the evaluation and compensation of members of the Board, the chief executive officer and other executive officers of the Company. 

  

	 	12.	Have authority to delegate any or all of its responsibilities to a subcommittee of the Committee, as permitted by the Company bylaws and regulations that govern the Committee’s
actions. 

  

	 	13.	Report regularly to the Board following meetings of the Committee with respect to: (i) those matters that are relevant to the discharge of the Committee’s
responsibilities, and (ii) with respect to those recommendations that the Committee may deem appropriate. The report to the Board may take the form of an oral report by the Chair of the Committee or any other member of the Committee designated
by the Committee to make such report, or a written report prepared under the supervision of the Committee or the Chair. 

  

	 	14.	Review and evaluate internally, at least annually, the performance of the Committee and its members, including a review of the compliance of the Committee with this Charter. In
addition, the Committee shall review and reassess periodically the adequacy of this Charter and recommend to the Board any improvements to this Charter that the Committee considers necessary or valuable. The Committee shall conduct such evaluations
and review in the manner it deems appropriate. 

  

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 The foregoing list of responsibilities is not intended to be exhaustive, and the Committee may perform such other
functions as may be necessary or appropriate for the performance of its duties. 
 Minutes 
 The Committee will maintain written minutes of its meetings, which may consist of a copy of a written agenda for a meeting and summaries of all actions taken or agreed
upon by the committee, including recommendations made, at the meeting, or any other format chosen by the Committee. Copies of the minutes will be filed with the minutes of the meetings of the Board. 
  

 4Charter for Nominating and Corporate Governance Committee

 Exhibit 10.23 
 Geovic Mining Corp. 
 Charter for 
 Nominating and Corporate Governance Committee 
 I. Purposes 
 The Nominating and Corporate Governance Committee (“Committee”) generally acts on behalf of the Board of Directors (“Board”) of Geovic
Mining Corp. (the “Company”). The Board has determined to establish the governing principles of the Committee through adoption of this Charter. The Committee’s principal purposes shall be to: 
  

	 	•	 	 Establish criteria for service as a director, and to review candidates and recommend to the Board the nominees for directors in connection with the Company’s
Annual Meetings of Stockholders; 

  

	 	•	 	 Recommend highly qualified candidates who it believes will, if added to the Board, enhance the strength, independence and effectiveness of the Board;

  

	 	•	 	 Recommend appropriate governance practices for the Company in light of corporate governance guidelines set forth by regulatory entities and applicable law;

  

	 	•	 	 Develop and recommend to the Board the Code of Business Conduct and Ethics for the Company; 

  

	 	•	 	 Review and approve material transactions between the Company or a subsidiary of the Company and related persons; 

  

	 	•	 	 Adopt guidelines to establish timing for routine sales of our securities by officers or directors and employees; 

  

	 	•	 	 Review policies and guidelines for dissemination of material non-public information concerning the business or affairs of the Company and its operating
subsidiaries; and 

  

	 	•	 	 Recommend to the Board compensation guidelines for directors of the Company. 

 II. Membership and Organization 
 A. Appointment. 
 The members of the Committee shall be appointed by the Board. The Board shall designate one member of the Committee as Chair; if the Chair is absent from
a meeting of the Committee, another member selected by the Committee may act as Chair. The Chair shall be responsible for reporting the Committee’s activities and recommended actions to the Board. 

 B. Term. 
 Members of the Committee will be appointed at the annual meeting of the Board for one-year terms and shall serve until their resignation, retirement, or removal by the Board or until their successors shall be
appointed. A majority of the independent members of the Board may remove a member of the Committee at any time with or without cause, and the Board may fill vacancies on the Committee. 
 C. Committee Membership 
 The Committee shall be comprised of three or more members of the Board, at least two of whom are determined by the Board to be “independent” under the rules of the Toronto Stock Exchange and any other exchange on which securities
of the Company may be listed or traded (together, the “Exchange”). A Committee which is comprised of at least three members may include one non-independent director who is not a current officer or employee and who meets the other specified
requirements if then permitted under applicable rules of the Exchange. In addition, a person may serve on the Committee only if the Board determines that he or she (i) is a “non-employee director” for purposes of Rule 16b-3 under the
Securities Exchange Act of 1934, as amended (“1934 Act”), and (ii) satisfies the requirements of an “outside director” for purposes of Section 162(m) of the Internal Revenue Code, as amended. 
 III. Meetings and Procedures 
 A. The Committee
shall meet as often as the chair or its members deem necessary or appropriate, but at least once annually to perform the Committee’s responsibilities. 
 B. Meetings of the Committee shall be subject to the procedural rules established by the Committee, or if none, the procedural rules that govern meetings of the Board. The Committee may establish its own rules of
procedure, not inconsistent with: (a) any provisions of the Company’s certificate of incorporation or by-laws, or (b) the corporate laws of Delaware. 
 C. The Committee chair, or acting chair as designated by the Committee’s members, will preside at each meeting of the Committee, and in consultation with the other members of the Committee, shall set the length
of each meeting and the agenda items to be addressed. The agenda and any other background materials to be discussed at the Committee meeting shall be distributed to the Committee’s members prior to the meeting. 
  

					
	Exhibit 10.23 Nominating and Governance Committee Charter final	 	
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 D. At the request of the Committee, one or more Officers of the Company shall assist the Committee and
the Chair to prepare for and to conduct meetings. The Committee may request that any directors, officers or employees of the Company, or other persons whose advice and counsel are sought by the Committee, attend any meeting or provide such
information as the Committee requests. 
 E. The Committee will keep minutes of all its proceedings, and the chair will report the
Committee’s actions and recommendations at the following meeting of the Board. Committee members will be furnished with a copy of the minutes of each meeting. 
 F. The Company will provide appropriate funding, as reasonably determined by the Board, for the Committee to perform its responsibilities under this Charter. 
 IV. Authority and Responsibilities 
 A. The
principal responsibilities and functions of the Committee are as follows: 
 1. Annually present to the Board a list of individuals
recommended as nominees for election to the Board at the Annual Meeting of Stockholders. Before recommending an incumbent director, review their qualifications, including capability, availability to serve, any conflicts of interest, and other
relevant factors. 
 2. Assist in identifying, interviewing and recruiting qualified candidates to be added to the Board. The Committee shall
not recommend a person to serve as a replacement or additional director unless: (i) the person has been interviewed (either in person or by telephone) by at least one member of the Committee, (ii) the Committee determines that the person
is willing and intends to represent and act in the interests of all of the Company’s stockholders, (iii) the Committee determines that the person is willing to comply with all requirements of the Toronto Stock Exchange, and any other
exchange on which securities of the company may be listed, and all applicable rules of the United States Securities and Exchange Commission. 
 3. The Committee may select and retain at its sole discretion outside consultants or search firms to assist in identifying qualified director candidates. The Committee shall have the sole authority to approve the outside consultants’
fees and retention terms and to terminate any relationship with any outside consultant, subject to any annual amount budgeted by the board for Committee expenses. 
 4. Review and consider candidates for nomination to be elected as directors which are properly submitted by any stockholder(s) of the Company in accordance with director nomination procedures for stockholders set
forth below or that that may be established from time to time by the Board. 
  

					
	Exhibit 10.23 Nominating and Governance Committee Charter final	 	
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 5. Periodically, or as requested by the Board, review the size and composition of the Board and each of
its committees, review each Committee’s Charter, and develop and present recommendations to the Board for: (1) the creation of additional committees or dissolution or reorganization of existing committees, (ii) changes in the mandates
of any committee, and (iii) criteria for the selection of individuals to be considered for appointments to committees, as needed. 
 6.
Make recommendations to the Board concerning the appointment of directors to Board committees and the selection of committee chairs; recommendations shall consider suggestions from the Chairman of the Board and the Chief Executive Officer (if
different), desired characteristics of committee members, specific legal and regulatory requirements, whether there should be a policy of periodic rotation of directors among the committees, the number of boards and other committees on which the
directors serve, and whether there should be any limitations on the number of consecutive years a director should serve on any one committee. 
 7. Develop and recommend to the Board for approval corporate governance principles applicable to the Company and review such guidelines periodically and recommend any changes to the Board concerning any changes deemed appropriate to foster
improved corporate governance. 
 8. Review and recommend to the Board all compensation and reimbursements to be paid to members of the Board
who are not also employees of the Company or a subsidiary, including persons to be elected to the board by Directors to fill vacancies on the Board, including vacancies created by increasing the size of the Board. 
 9. At least annually, review and discuss management succession and performance evaluations, to the extent not undertaken by the Compensation Committee of
the Board. 
 10. Review periodically or upon request of the Board, the Company’s Charter and other governing documents and, if
appropriate, recommend changes necessary to foster improved corporate governance. 
 11. Review uniform policies and guidelines, including
the effectiveness thereof, established by the Company for the dissemination of material non-public information, and compliance with applicable disclosure requirements of United States and Canada securities laws and rules of the Exchange. 

12. Review conflicts of interest that may affect the Company, or any director or executive officer. Promptly consider and approve, if requested,
material transactions between the Company or a subsidiary and any officer, director or holder of more than 5% of the Company’s outstanding voting securities or any affiliate of such persons. 
  

					
	Exhibit 10.23 Nominating and Governance Committee Charter final	 	
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 13. Prior to each annual meeting of the Board, or more often in the discretion of the Committee, the
Committee shall review any communications by stockholders addressed to the Committee that relate to corporate governance issues. 
 14.
Review annually the application of the Company’s conflict of interest policy, as set forth in its Code of Business Conduct and Ethics, to the members of the Board, and executive officers of the Company or any subsidiary. 
 15. On an annual basis, prior to the Annual Meeting of Directors, review and recommend to the Board one member of the Board (who may be the Chief
Executive Officer of the Company) to serve as Chairman of the Board during the period for which the Directors are elected at the annual meeting of stockholders. If the CEO is selected as Chairman, then the independent Directors may designate one of
the independent directors to serve as the Lead Independent Director, with such responsibilities and powers as may be approved by the Board. 
 16. Periodically review the “independence” of directors, as such term is defined by applicable regulatory and listing standards. 
 B. The Committee shall have authority to delegate any of its responsibilities to such subcommittees as the Committee may deem appropriate. 
 V. Other Powers and Responsibilities 
 A. Evaluations. 
 The Committee shall periodically review and report to the Board the Committee’s performance and the performance of each Committee. In
conducting its review, the Committee shall address matters that it considers relevant to its performance, including the adequacy, appropriateness and quality of the information and recommendations presented to the Board, the manner in which they
were discussed or debated, and whether the number and length of meetings of the Committee were adequate for the Committee’s responsibilities. 
 B. Miscellaneous. 
 The Committee shall perform any other activities consistent with this Charter, the
Company’s Certificate of Incorporation, Bylaws, and governing law, as the Committee deems appropriate or the Board requests. 
  

					
	Exhibit 10.23 Nominating and Governance Committee Charter final	 	
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