ContractC Stock Pledge Agreement • November 20th, 2002 • Transmeridian Exploration Inc • Crude petroleum & natural gas • New York
EXHIBIT 23.4 (d) EXHIBIT C STOCK PLEDGE AGREEMENT THIS STOCK PLEDGE AGREEMENT (this “Agreement”) dated as of August 5, 2002, made by Lorrie T. Olivier, an individual residing at Transmeridian Exploration, Inc., 397 North Sam Houston, Houston Texas 77060 (the “Pledgor”), in favor of the Investors signatory hereto (“Pledgee”). WITNESSETH WHEREAS, pursuant to a Convertible Debenture and Warrant Purchase Agreement of even date herewith (the “Securities Purchase Agreement”) by and among Transmeridian Exploration, Inc. (the “Company”) and Pledgee, the Company executed (i) a Secured Promissory Note dated as of the date hereof in favor of Pledgee in the principal amount of TWO HUNDRED THOUSAND DOLLARS ($200,000) (the “Note”) WHEREAS, Pledgor is the President, Chief Executive Officer and Chairman of the Company and is the owner of certain shares of common stock of the Company (the “Pledged Stock”) described on Exhibit A attached hereto; WHEREAS, Gersten, Savage, Kaplowitz, Wolf & Marcus, LLP,
