DEBTOR IN POSSESSION FINANCING AGREEMENT Dated as of ___, 2009 by and between CANARGO ENERGY CORPORATION as debtor and debtor-in-possession and as Borrower, and PERSISTENCY, as LenderIn Possession Financing Agreement • November 3rd, 2009 • Canargo Energy Corp • Crude petroleum & natural gas • New York
Contract Type FiledNovember 3rd, 2009 Company Industry JurisdictionDEBTOR IN POSSESSION FINANCING AGREEMENT by and between CANARGO ENERGY CORPORATION, a Delaware corporation, debtor in possession (“Borrower” or “CanArgo”) and PERSISTENCY, a Cayman Islands limited company (“Lender” or “Persistency”) dated as of October ___, 2009.