EMPRESA COLOMBIANA DE PETROLEOS ECOPETROL GUAYUYACO ASSOCIATION CONTRACT Pag. 1Investment and Expenses • March 31st, 2003 • Aviva Petroleum Inc /Tx/ • Crude petroleum & natural gas
The contracting parties, namely: on the one hand, Empresa Colombiana de Petróleos, hereinafter ECOPETROL, a State industrial and commercial company, authorized by Law 165 of 1948, currently governed by its by-laws, amended by Decree 1209 of 15 June 1994, and 2933 of 10 December 1997, domiciled in Bogota, represented by VICTOR EDUARDO PEREZ H, of legal age, bearer of Colombian Identity Card No. 19´083.549, issued in Bogota, domiciled in Bogota, who states that: 1. In his capacity as President of ECOPETROL, he acts herein on behalf of said Company and 2. The ECOPETROL Board of Directors authorized him to enter into this Contract, as witnessed by Minutes No. 2263 of 16 November 2001; and on the other hand, ARGOSY ENERGY INTERNATIONAL, a Limited Partnership established pursuant to the laws of the State of UTAH, with its main domicile in the United States of America, hereinafter THE ASSOCIATE, with a duly established Colombian branch and its main domicile in Santafe de Bogota, pursuant to P
