0001156973-07-000406 Sample Contracts

SHAREHOLDERS AGREEMENT
Shareholders Agreement • March 15th, 2007 • Canargo Energy Corp • Crude petroleum & natural gas • England
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SHARE EXCHANGE AGREEMENT relating to BN MUNAI LLP between
Share Exchange Agreement • March 15th, 2007 • Canargo Energy Corp • Crude petroleum & natural gas
Mandate Agreement CNR 9-2006
Concerning Arrangement Services • March 15th, 2007 • Canargo Energy Corp • Crude petroleum & natural gas • Oslo

Between CanArgo Energy Corp., St. Peter Port, Guernsey GY1 3RR, British Isles (“the Client”) and Terra Securities ASA, org. no. 979561296 as Joint Lead Manager, (“the Arranger”) and Orion Securities ASA, whereby it has been agreed this day as follows (“The Mandate”):

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