Common use of Principles of the directors’ Performance Clause in Contracts

Principles of the directors’ Performance. The Directors will bear in mind the following principles for the exercise of their functions and to maintain the greater objectiveness, independence and knowledge of the making of decisions. To do so, each one of the Directors, individually, and the Board of Directors, as group body, wants: (a) Observe in all of its acts the duties imposed by the Commercial Colombian law; DC – Contrato de Transporte de Crude Oil – 008 – 2013 162

Principles of the directors’ Performance. The Directors will bear in mind the following principles for the exercise of their functions and to maintain the greater objectiveness, independence and knowledge of the making of decisions. To do so, each one of the Directors, individually, and the Board of Directors, as group body, wants: (a) Observe in all of its acts the duties imposed by the Commercial Colombian law; DC – Contrato de Transporte de Crude Oil – 008 – 2013 162;

Principles of the directors’ Performance. The Directors will bear in mind the following principles for the exercise of their functions and to maintain the greater objectiveness, independence and knowledge of the making of decisions. To do so, each one of the Directors, individually, and the Board of Directors, as group body, wants: (a) Observe in all of its acts the duties imposed by the Commercial Colombian law; DC – Contrato de Transporte de Crude Oil – 008 017 – 2013 162175

Principles of the directors’ Performance. The Directors will bear in mind the following principles for the exercise of their functions and to maintain the greater objectiveness, independence and knowledge of the making of decisions. To do so, each one of the Directors, individually, and the Board of Directors, as group body, wants: (a) Observe in all of its acts the duties imposed by the Commercial Colombian law; DC – Contrato de Transporte de Crude Oil Transportation Agreement – 008 018 – 2013 162173