ECOPETROL S. A – Agreement for the Purchase and Sale of Crude Petroleum under the Chaza E&P Contract, Guayuyaco Association Contract and the Sxxxxxx Risk Participation Contract between Ecopetrol S.A. and Gran Tierra Energy Colombia, Ltd., effective December 1, 2012, expiring November 30, 2013.
ECOPETROL S. A. Refined Products’ and Crude oils National Manager Crude oils and Products Purchasing Department Mxxxx Carolina Kure Axxx Xxxxxxx 0 Xx. 00 - 00 0xx Xxxxx, Xxxxxx, X.X. Electronic Mail: mxxxx.xxxx@xxxxxxxxx.xxx.xx Phone (+57) (0) 000 0000 Fax (+57) (0) 000 0000 THE SELLER GRAN TIERRA ENERGY COLOMBIA LTD Commercial Manager Cxxxxx Xxxxxx Xxxxx / Jxxx Xxxxxx Xxxxxxxx Xxxxx 000 Xx. 0 - 00, 00xx Xxxxx, Xxxxxx, X.X. Electronic Mail: jxxxxxxxxxxx@xxxxxxxxxx.xxx and cxxxxx@xxxxxxxxxx.xxx Phone (+57) (0) 0000000 Fax (+57) (0) 000 0000 The communications sent by fax will be deemed as sent once the successful transmission message of the machine in which it is originated is received. PARTICULAR CONDITIONS AGREEMENT FOR THE SALE OF CRUDE OIL Page 9 of 12 Free English translation of Spanish language document In witness whereof the Parties sign it on the first (1st) day of the month of December of year two thousand and fourteen (2014). THE SELLER THE BUYER /s/ Axxxxxxxx Xxxxxxx Xxxxxxx /s/ Lxxx Fxxxxxxxx Xxxxxxxx Xxxxxx AXXXXXXXX XXXXXXX XXXXXXX Alternate Legal representative LXXX FXXXXXXXX XXXXXXXX XXXXXX Refined Products and Crude Oils’ National Manager /s/ Ixxx Xxxxx Gxxxxx XXXX TXXXX XXXXXX Alternate Legal representative Annex 1. Model of Certification of Application of Norms for the Prevention of LA / FT for companies obligated to adopt systems for the prevention of LA / FT. Annex 2. Certificate of shareholding, associates, shareholders, members who own more than 5% of the equity. PARTICULAR CONDITIONS AGREEMENT FOR THE SALE OF CRUDE OIL Page 10 of 12 Free English translation of Spanish language document ANNEX No. 1 CERTIFICATION OF PREVENTION OF LA / FT FOR THE COMPANIES WITH THE OBLIGATION TO ADOPT LA / FT PREVENTION SYSTEMS Mandatory only for the counterparties that because of the legal provisions have the obligation to adopt LA / FT prevention systems The purpose of this document is to certify to ECOPETROL S.A. that our entity has a SYSTEM FOR THE PREVENTION AND CONTROL OF MONEY LAUNDERING AND THE FINANCING OF TERRORISM, which fully complies with the Colombian regulations applicable. Hence, ___________________, in my capacity as legal representative of __________ ________________________ (THE ENTITY), hereby certify that:
ECOPETROL S. A. is a mixed economy company (sociedad de economía mixta) duly organized, validly existing and in good standing under the laws of Colombia, is qualified to do business in Colombia where its ownership or lease of property or the conduct of its businesses requires such qualification, and is in compliance with the laws, regulations and directives issued or administered in Colombia. The Company has all power and authority necessary to own, operate or hold its properties and to conduct the businesses in which it is engaged. To the best of our knowledge, no action has been taken to dissolve or wind up the business affairs of the Company.
ECOPETROL S. A. will declare the forfeiture, having guaranteed the right of defense of THE SELLER by reasoned Resolution that will be opportunely notified to THE SELLER, who can lodge all legal remedies. THE SELLER shall have the right, after the deductions that must be made pursuant to the clauses of this Agreement, to receive the payment of the part of the goods or services received to the satisfaction of the Buyer up to the date of declaration of the forfeiture.
ECOPETROL S. A. (“Ecopetrol”) vs. Gran Tierra Energy Colombia, Ltd. and Petrolifera Petroleum (Colombia) Ltd (collectively “GTEC”) GTEC and Ecopetrol, the contracting parties of the Guayuyaco Association Contract, are engaged in a dispute regarding the interpretation of the procedure for allocation of oil produced and sold during the long-term test of the Guayuyaco-1 and Guayuyaco-2 wxxxx, prior to GTEC's purchase of the companies originally involved in the dispute. There was no agreement between the parties, and Ecopetrol filed a lawsuit in the Contravention Administrative Tribunal in the District of Cauca (the “Tribunal”) regarding this matter. During 2013, the Tribunal ruled in favor of Ecopetrol and awarded Ecopetrol 44,025 bbl of oil. GTEC has filed an appeal of the ruling to the Supreme Administrative Court (Consejo de Estado) in a second instance procedure. At June 30, 2015, and December 31, 2014, Gran Tierra Energy Inc. (“Gran Tierra”) had accrued $2.4 million in the interim unaudited condensed consolidated financial statements in relation to this dispute.
ECOPETROL S. A. during the first six (6) business days following the end of the month of deliveries. Billing will be subsequently adjusted based on the volumes compensated in official compensated volumes document prepared by CENIT TRANSPORTE Y
ECOPETROL S. A. will declare the expiration through a reasoned decision that it will timely notify to SELLER, who may file an appeal at law. SELLER shall be entitled, prior deductions that may be applicable according to the clauses of this Agreement, to be paid part of the goods or services received to BUYER’s satisfaction through the date of the declaration of nullity.
ECOPETROL S. A.: En el presente documento, podrá denominarse también como ECOPETROL o Empresa. Evaluación de Desempeño del Contratista: Documento electrónico elaborado por ECOPETROL en el que se califica el cumplimiento de las obligaciones a cargo del Contratista, según lo establecido en el Procedimiento de Desempeño de contratistas. FCC: Formato de Compras y Contratación.
ECOPETROL S. A. Gerencia de Planeación y Suministro Xxxxxxxx Xxxxxx Xxxxxx Xxxxxxx 0 Xx. 00-00 Xxxx 0, Xxxxxx X.X. Teléfono (+00) 0 000 0000 Fax (+00) 0 000 0000 EL VENDEDOR GRAN TIERRA ENERGY COLOMBIA LTD. Xxxxxx Xxxxxx Xxxxx / Xxxx Xxxxxx Xxxxxxxx Gerencia Comercial Xxxxx 000 Xx. 0-00, piso 17 Teléfono (+00) 0000000 Fax (+00) 0000000 CONDICIONES PARTICULARES CONTRATO XXXX XX XXXXXXXXXX XX XXXXX Xxxxxx 7 de 8 Las comunicaciones enviadas vía fax se considerarán como cursadas una vez recibido el mensaje de comunicación exitosa de la máquina en donde se origina el envío de ésta. En constancia se firma por las Partes el primer (1) día del mes de diciembre del año dos mil trece (2013). EL VENDEDOR EL COMPRADOR /s/ Xxxxxxxxx Xxxxxxx Xxxxxxx XXXXXXXXX XXXXXXX XXXXXXX Primer Subgerente /s/ Xxxxxx Xxxxxxxxxx Xxxxxxx XXXXXX XXXXXXXXXX XXXXXXX Gerente (E) de Planeación y Suministro /s/ Xxxxxxx Xxxxxxxx Xxxxxx XXXXXXX XXXXXXXX XXXXXX Apoderado Especial
ECOPETROL S. A.—Commercial offer to purchase crude from Guayuyaco, from Solana Petroleum Exploration (Colombia) Limited dated December 18, 2009.
