0000950123-08-011218 Sample Contracts

FORM OF SUBSCRIPTION AGENT AGREEMENT
Subscription Agent Agreement • September 19th, 2008 • Canargo Energy Corp • Crude petroleum & natural gas

This Subscription Agent Agreement (the “Agreement”) is made and entered into as of September •, 2008 by and between CanArgo Energy Corporation (the ” Company") and Glitnir Securities AS, a Norwegian corporation (the “Agent” or “Glitnir", respectively) , with reference to the following:

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SUBSCRIPTION AGENT AGREEMENT
Subscription Agent Agreement • September 19th, 2008 • Canargo Energy Corp • Crude petroleum & natural gas • New York

This Subscription Agent Agreement (the “Agreement”) is made and entered into as of September 18, 2008 by and among CanArgo Energy Corporation (the “ Company”), Computershare, Inc., a Delaware corporation and its fully owned subsidiary Computershare Trust Company, N.A., a federally chartered trust company (collectively, the “Agent” or individually “Computershare” and the “Trust Company”, respectively) , with reference to the following:

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