0000950123-06-013868 Sample Contracts

WAIVER AND CONSENT
Waiver and Consent • November 9th, 2006 • Canargo Energy Corp • Crude petroleum & natural gas

This WAIVER AND CONSENT (this “Agreement”) is made and entered into as of the 28th day of June, 2006 by and among CanArgo Energy Corporation, a Delaware corporation (the “Company”), and the individuals and entities who or which are signatories hereto (hereby referred to as a “Senior Noteholder” and collectively as the “Senior Noteholders”).

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WAIVER AND CONSENT
Waiver and Consent • November 9th, 2006 • Canargo Energy Corp • Crude petroleum & natural gas

This WAIVER AND CONSENT (this “Agreement”) is made and entered into as of the 28th day of June, 2006 by and among CanArgo Energy Corporation, a Delaware corporation (the “Company”), and the individuals and entities who or which are signatories hereto (hereby referred to as a “Subordinated Noteholder” and collectively as the “Subordinated Noteholders”).

SERVICE AGREEMENT Between CANARGO ENERGY CORPORATION and JEFFREY WILKINS Pacific House 70 Wellington Street GLASGOW G2 6SB Tel: +44 (0)141 248 6677 Fax: +44 (0)141 221 1390 E-Mail: enquiries@mcgrigors.com Web Site: http://www.mcgrigors.com 1043007_1
Service Agreement • November 9th, 2006 • Canargo Energy Corp • Crude petroleum & natural gas • England

WHEREAS the Company wishes to employ the Executive as Chief Financial Officer on the terms and conditions of this Agreement and the Executive wishes to accept such employment.

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