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2 similar Pledge Agreement contracts by Transmeridian Exploration Inc

AMENDMENT NO. 1 TO PLEDGE AGREEMENT
Pledge Agreement • May 31st, 2006 • Transmeridian Exploration Inc • Crude petroleum & natural gas • New York

This Amendment No. 1 to Pledge Agreement (this “Amendment”), dated as of May 26, 2006, is among Transmeridian Exploration Incorporated, a Delaware corporation (“Pledgor”), The Bank of New York, in its capacity as Collateral Agent for the benefit of the Trustee and the holders of the Notes (in such capacity, the “Collateral Agent”), and The Bank of New York, in its capacity as Trustee under the Indenture (in such capacity, the “Trustee”) (collectively, the “Subject Parties”).

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AMENDMENT NO. 1 TO PLEDGE AGREEMENT
Pledge Agreement • May 31st, 2006 • Transmeridian Exploration Inc • Crude petroleum & natural gas • New York

This Amendment No. 1 to Pledge Agreement (this “Amendment”), dated as of May 26, 2006, is among Transmeridian Exploration Inc., an international business company incorporated under the laws of the British Virgin Islands (“Pledgor”), The Bank of New York, in its capacity as Collateral Agent for the benefit of the Trustee and the holders of the Notes (in such capacity, the “Collateral Agent”), and The Bank of New York, in its capacity as Trustee under the Indenture (in such capacity, the “Trustee”) (collectively, the “Subject Parties”).

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