0001156973-07-000952 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • June 11th, 2007 • Canargo Energy Corp • Crude petroleum & natural gas • New York

This REGISTRATION RIGHTS AGREEMENT (“Agreement”), dated as of June 5, 2007, is made and entered into by and between CanArgo Energy Corporation, a Delaware corporation (“Company”) and the Purchaser listed on Schedule A attached hereto ( the “Purchaser”).

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AMENDMENT, CONSENT AND WAIVER
Amendment, Consent and Waiver • June 11th, 2007 • Canargo Energy Corp • Crude petroleum & natural gas • New York

This AMENDMENT, CONSENT AND WAIVER (this “Agreement”) is made and entered into as of the 5th day of June, 2007 by and among Tethys Petroleum Limited, a company incorporated and existing in the Island of Guernsey (“TPL”) (formerly known as Tethys Petroleum Investments Limited), and the individuals and entities who or which are signatories hereto.

CONSENT AND CONVERSION AGREEMENT
Consent and Conversion Agreement • June 11th, 2007 • Canargo Energy Corp • Crude petroleum & natural gas • New York
AMENDMENT, CONSENT AND WAIVER
Amendment, Consent and Waiver • June 11th, 2007 • Canargo Energy Corp • Crude petroleum & natural gas • New York

This AMENDMENT, CONSENT AND WAIVER (this “Agreement”) is made and entered into as of the 5th day of June, 2007 by and among CanArgo Energy Corporation, a Delaware Corporation (“CanArgo”), and the individuals and entities who or which are signatories hereto.

CONVERSION AGREEMENT
Conversion Agreement • June 11th, 2007 • Canargo Energy Corp • Crude petroleum & natural gas • New York
REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • June 11th, 2007 • Canargo Energy Corp • Crude petroleum & natural gas • New York

This REGISTRATION RIGHTS AGREEMENT (“Agreement”), dated as of June 5, 2007, is made and entered into by and between CanArgo Energy Corporation, a Delaware corporation (“Company”) and the Purchasers listed on Schedule A attached hereto (each a “Purchaser” collectively, the “Purchasers”).

AMENDMENT, CONSENT AND WAIVER
Amendment, Consent and Waiver • June 11th, 2007 • Canargo Energy Corp • Crude petroleum & natural gas • New York

This AMENDMENT, CONSENT AND WAIVER (this “Agreement”) is made and entered into as of the 5th day of June, 2007 by and among CanArgo Energy Corporation, a Delaware Corporation (“CanArgo”) and Persistency, a company incorporated in the Cayman Islands (“Purchaser”) .

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