0001193125-14-101075 Sample Contracts

SUBSCRIPTION AGREEMENT
Subscription Agreement • March 17th, 2014 • Harvest Natural Resources, Inc. • Crude petroleum & natural gas • New York

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR THE SECURITIES LAWS OF ANY STATE OR ANY OTHER JURISDICTION. THERE ARE FURTHER RESTRICTIONS ON THE TRANSFERABILITY OF THE SECURITIES DESCRIBED HEREIN.

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SHAREHOLDERS’ AGREEMENT By and Among HNR ENERGIA B.V. and PETROANDINA RESOURCES CORPORATION N.V. DATED AS OF DECEMBER 16, 2013
Shareholders' Agreement • March 17th, 2014 • Harvest Natural Resources, Inc. • Crude petroleum & natural gas • New York

This SHAREHOLDERS’ AGREEMENT is dated as of December 16, 2013 (this “Agreement”), by and among HNR Energia B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) organized and existing under the Laws of Curaçao (the “Majority Shareholder”) and Petroandina Resources Corporation N.V., a company with limited liability (naamloze vennootschap) organized and existing under the Laws of the Netherlands (the “Minority Shareholder”).

SUBSCRIPTION AGREEMENT
Subscription Agreement • March 17th, 2014 • Harvest Natural Resources, Inc. • Crude petroleum & natural gas • New York

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR THE SECURITIES LAWS OF ANY STATE OR ANY OTHER JURISDICTION. THERE ARE FURTHER RESTRICTIONS ON THE TRANSFERABILITY OF THE SECURITIES DESCRIBED HEREIN. THE PURCHASE OF THESE SECURITIES INVOLVES A HIGH DEGREE OF RISK AND SHOULD BE CONSIDERED ONLY BY PERSONS WHO CAN BEAR THE RISK OF THE LOSS OF THEIR ENTIRE INVESTMENT.

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