FIRST PRIORITY OPEN PLEDGE AGREEMENT OVER CREDIT RIGHTS DERIVED FROM A CRUDE OIL COMMERCIAL SALES AGREEMENTFirst Priority Open Pledge Agreement • March 6th, 2007 • Gran Tierra Energy, Inc. • Crude petroleum & natural gas
Between (i) GRAN TIERRA ENERGY COLOMBIA, LTD. (formerly ARGOSY ENERGY INTERNATIONAL), a limited partnership organized under the laws of the State of Utah (Registered No. 2110646-0180) and having its principal office at 300, 611 10th Avenue SW, Calgary, Alberta, Canada T2R OB2 with a branch denominated GRAN TIERRA ENERGY COLOMBIA, LTD, incorporated through Public Deed No. 5323 on October 25, 1983, granted by the Seventh Notary of Bogotá, registered on November 23, 1983 under Number 2092 of Book VI, with Mercantile Register No. 00841851, and its main domicile in Bogotá, DC., represented by EDGAR LOUIS DYES, as evidenced in the certificate of incumbency and legal representation, of legal age, resident of Bogotá DC, bearer of Alien’s Identity Document Number 223.325, acting in his capacity as Legal Representative and (ii) STANDARD BANK PLC a corporation organized under the laws of England and Wales (Company No. 2130447) and having its registered office at Cannon Bridge House, 25 Dowgate Hi
FIRST PRIORITY OPEN PLEDGE AGREEMENT OVER CREDIT RIGHTS DERIVED FROM HYDROCARBON COMMERCIAL SALES AGREEMENTSFirst Priority Open Pledge Agreement • January 6th, 2010 • Gran Tierra Energy, Inc. • Crude petroleum & natural gas
AMENDED AND RESTATED FIRST PRIORITY OPEN PLEDGE AGREEMENT OVER CREDIT RIGHTS DERIVED FROM CRUDE OIL COMMERCIAL SALES AGREEMENTS (this “Pledge Agreement”)First Priority Open Pledge Agreement • January 6th, 2010 • Gran Tierra Energy, Inc. • Crude petroleum & natural gas
Between (i) GRAN TIERRA ENERGY COLOMBIA, LTD. (formerly Argosy Energy International), a limited partnership organized under the laws of the State of Utah (Registered No. 2110646-0180) and having its principal office at Calle 114 No. 7 - 80, 17th Floor, AR Building, Bogota D. C., Colombia with a branch denominated GRAN TIERRA ENERGY COLOMBIA, LTD., (hereinafter the “PLEDGOR”) incorporated through Public Deed No. 5323 on October 25, 1983, granted by the Seventh Notary of Bogotá, registered on November 23, 1983 under Number 2092 of Book VI, with Mercantile Register No. 00841851, and its main domicile in Bogotá, D.C., represented by EDGAR LOUIS DYES, as evidenced in the certificate of incumbency and legal representation, of legal age, resident of Bogotá D.C., bearer of Alien’s Identity Document Number 223.325, acting in his capacity as legal representative and (ii) STANDARD BANK PLC, a public limited company organized under the laws of England and Wales (Company No. 2130447) and having its
FIRST PRIORITY OPEN PLEDGE AGREEMENT OVER A COMMERCIAL ESTABLISHMENT WHEREAS:First Priority Open Pledge Agreement • January 6th, 2010 • Gran Tierra Energy, Inc. • Crude petroleum & natural gas
NOW, THEREFORE, the Parties have decided to enter into this PLEDGE AGREEMENT which shall be governed by the following provisions (the “Pledge Agreement”):
