Exhibit 10.7


 


 


ADDENDUM# 1


to the general loan
agreement (bank loan agreement)


#2-0402-2 dated
February 4, 2002


 


	
  Almaty

  	
  February 18,
  2002

  



 


Open Joint-Stock
Company “Bank Turan Alem”


represented by Managing Director Nurlan Zhetesovich Talkenov acting on
the basis of the Power of Attorney # 01-62, dated October 10, 2001.


 


Subsidiary Open
Joint-Stock Company “Caspi Neft TME”


represented by Chief Executive Officer Anatole Kunevich acting on the
basis of the Charter,


 


TransMeridian
Exploration Inc. BVI


represented by Anatole Kunevich acting on the basis of the power of
attorney dated January 04, 2002,


 


Kazstroiproekt, Ltd


represented by Director Irina Vladimirovna Serlina acting on the basis
of the Charter,


 


have entered into this Agreement with regard to the following:


 


1.              Agreement
Terms and Definitions


 


Unless
otherwise directly stipulated by this Agreement, capitalized terms and
definitions used herein shall have the meanings implied in the General Loan
Agreement (bank loan agreement) #2-0402-2 dated February 4, 2002.


 


2.              Subject
of the Agreement.


 


The parties
agreed to amend and add to the General Loan Agreement (bank loan agreement)
#2-0402-2 dated February 4, 2002 as follows:


 


1.1         To word the term “loan” as follows:


“Loan
– currency values in the amount of US$20,000,000 (twenty million) dollars
granted by the Lender to the Borrower on terms specified herein and in other
agreements equal in total to US$20,000,000 (twenty million) dollars.”


 


1.2         To word the term “Financing Chart” as follows:


“Financing
Chart – loan arrangements in the U.S. Dollars,”


 

















 


1.3         To word the term “Loan account” as follows:


“Loan Account
– a special account opened by the Lender to keep track of the Borrower’s
obligations on loan redemption according to the terms of the General Loan Agreement
(bank loan agreement) #2-0402-2 dated February 4, 2002.”


 


1.4         To add to Article 4 “Loan granting terms” the
clause 4.6. with the following content:


“4.6. Any
amount of the Loan must be placed to the Borrower’s dollar account # 03070727
or to the Borrower’s local account # 024467727


 


1.5         To add to Article 6 “Interest Accrual and
Payment” the clause 6.5 with the following content:


“6.5. Interest
payment shall be made to the transfer account of the Lender # 420076600”


 


1.6         To add to Article 7 “Repayment of the Loan”
the clause 7.9. with the following content:


“7.9.
Repayment of the principal under the Loan shall be made to the Lender’s
transfer account # 420076600.”


 


1.7         To add to Article 11 “Responsibilities of the
Parties” the clause 11.12. with the following content:


“11.12. The
Borrower shall pay penalty in Tenge to the account # 420904101” at the Lender’s
discount rate on the day of payment.


In the event
the Borrower has paid penalty, interest amount and principal amount in Loan
Currency, then the Borrower will order to convert the specified penalty amount
to Tenge with the subsequent placing of this amount to the Lender’s account #
420904101.


The Lender
shall charge a commission according to the Lender’s rates for conversion of
foreign currency into Tenge to pay penalty.”


 


2. Additional Terms


 


2.1. This
agreement is an integral part of the General Loan Agreement (bank loan
agreement) # 2-0204-2 dated February 4, 2002. The regulations of the General
Loan Agreement (bank loan agreement) #2-0204-2 dated February 4, 2002 cannot be
construed without consideration of the contents of this Agreement.


 


2.2. The
Agreement is executed in Russian and English, in two copies, both having equal
legal force. In the event of contradictions, the Russian text of this Agreement
shall have the prevailing force.


 


2.3. This
Agreement shall become effective upon its signing.


 


LEGAL ADDRESSES AND
DETAILS OF THE PARTIES:


 


LENDER:


Bank Turan Alem OJSC,


97
Zholdasbekov St, Micro-district Samal-2,


480099 Almaty,
Republic of Kazakhstan,


 

















 


IIK 300166019
with the Payment Systems Office of the National Bank of Kazakhstan


BIK 190501319,
RNN 600900114104


 


BORROWER:


Caspi Neft TME SOJSC,


105 Dostyk
Ave. Alatau Hotel, Almaty,


Republic of
Kazakhstan,


RNN
600900159346,


Settlement
Account 914467060 with the Almaty Branch of Bank Turan Alem OJSC,


BIK 190501306


 


SELLER:


Transmeridian
Exploration Inc. BVI


1811 North
Freeway Suite 500, Houston, Texas, 77060


BUYER:


Kazstroiproekt, Ltd


68 Abai Ave.
Office 74


Almaty,
Kazakhstan


 


SIGNATURES OF THE
PARTIES:


 


FOR THE LENDER:


 


	
  By:

  	
  /s/  Nurlan
  Talkenov

  	
   

  
	
   

  	
  Nurlan
  Talkenov

  
	
   

  	
  Managing
  Director

  



 


FOR THE SELLER:


 


	
  By:

  	
  /s/ Anatole Kunevich

  	
   

  
	
   

  	
  Anatole
  Kunevich

  
	
   

  	
  Chief
  Executive Officer

  



 


FOR THE BORROWER:


 


	
  By:

  	
  /s/ Anatole Kunevich

  	
   

  
	
   

  	
  Anatole
  Kunevich

  
	
   

  	
  Chief Executive
  Officer

  



 


FOR THE BUYER:


 


	
  By:

  	
  /s/ Irina Serlina

  	
   

  
	
   

  	
  Irina
  Serlina

  
	
   

  	
  Director

  



 

















 


ADDENDUM # 2


to the general loan
agreement (bank loan agreement)


# 2-0402-2 dated
February 4, 2002


 


	
  Almaty

  	
  May 20, 2002

  



 


Open Joint-Stock
Company “Bank Turan Alem”


represented by Managing Director Nurlan Zhetesovich Talkenov acting on
the basis of the Power of Attorney # 01-62, dated October 10, 2001,


 


Subsidiary Open
Joint-Stock Company “Caspi Neft TME”


represented by Chief Executive Officer Anatole Kunevich acting on the
basis of the Charter,


 


TransMeridian
Exploration Inc. BVI


represented by Nurzhan Sarsekenovich Kurmanov acting on the basis of
the power of attorney dated December 28, 2001,


 


Kazstroiproekt, Ltd


represented by Director Donov A.A. acting on the basis of the Charter,


 


have entered into this Agreement with regard to the following:


 


1.              Agreement
Terms and Definitions


 


Unless
otherwise directly stipulated by this Agreement, capitalized terms and
definitions used herein shall have the meanings implied in the General Loan
Agreement (bank loan agreement) #2-0402-2 dated February 4, 2002.


 


2.              Subject
of the Agreement


 


The Parties
agreed to amend and add to the General Loan Agreement (bank loan agreement)
#2-0402-02 dated February 4, 2002 as follows:


 


1.1.          To word the term “loan” as follows:


Loan –
dollar and tenge loans, financial instruments (guarantees, letters of credit)
in the amount of US$20,000,000 (twenty million) dollars granted by the Lender
to the Borrower under the terms specified in this Agreement and other
agreements, with the total amount equal to US$20,000,000 (twenty million)
dollars. Loans are given in accordance with the Financing Chart established by
the Parties, the terms of the Chart are set out in the additional agreements,
or a loan debt generated as a result of the Borrower’s failure to fulfill its
obligation to the Lender to reimburse the sum of the letter of credit, bank
guarantee, interest, and other sums that are charged by the Lender for opening
and servicing the letter of credit, for issuing bank guarantee under the
conditions stipulated by this Agreement.


 

















 


1.2.          To word the term “Financing Chart” as
follows:


Financing Chart –
loan arrangements in the form of money, U.S. Dollars, financial instruments
(letters of commitment, promissory notes, bank guarantees, bails, letters of
credit, underwriting service for placement of the Borrower’s securities, and
financial leasing).


 


1.3.          10. To word the term “Financing Chart” as follows:


“Interest – an
interest accrued by the Lender to the Borrower under terms hereof for the use
of the Loan in USD or Tenge at a rate of 15 (fifteen) % per annum. Amount of
interest by Loan granted in the form of letters of credit, guarantees and
warranties shall be determined in separate agreement entered into between the
Lender and Borrower.”


 


1.4.          In definition of the term Security
(Collateral) the words “in Annex #3 to this Agreement” to replace by
“in Annex #1 to this Agreement”.


The following
provision shall be added to Item 2.4 of Clause 2 “Subject of agreement”:


“Amount of
interest by Loan, granted in the form of letters of credit, guarantees and
warranties shall be determined in separate agreements entered into between the
Lender and the Borrower”.


 


2.                  Additional
Terms


 


2.1.          This Agreement is an integral part of the
General Loan Agreement (bank loan agreement) #2-0204-2 dated February 4, 2002.
The regulations of the General Loan Agreement (bank loan agreement) #2-0204-2
dated February 4, 2002 cannot be construed without consideration of the
contents of this Agreement.


 


2.2.           The Agreement is executed in Russian and
English, in two copies, both having equal legal force. In the event of
contradictions, the Russian text of this Agreement shall have the prevailing
force.


 


2.3.          This Agreement shall become effective upon
its signing.


 


LEGAL ADDRESSES AND
DETAILS OF THE PARTIES:


 


LENDER:


Bank Turan Alem OJSC,


97
Zholdasbekov St, Micro-district Samal-2,


480099 Almaty,
Republic of Kazakhstan,


IIK 300166019
with the Payment Systems Office of the National Bank of Kazakhstan


BIK 190501319,
RNN 600900114104


 


BORROWER:


Caspi Neft TME SOJSC,


563 Seifullina
Ave., Almaty,


Republic of
Kazakhstan,


 

















 


RNN
600900159346,


Settlement
Account 024467727 with the Almaty Branch of Bank TuranAlem OJSC,


BIK 190501306


 


SELLER:


Transmeridian
Exploration Inc. BVI


1811 North
Freeway Suite 500, Houston, Texas, 77060


 


BUYER:


Kazstroiproekt, Ltd


68 Abai Ave.
Office 74


Almaty,
Kazakhstan


 


SIGNATURES OF THE
PARTIES:


 


FOR THE LENDER:


 


	
  By:

  	
  /s/  Nurlan
  Talkenov

  	
   

  
	
   

  	
  Nurlan
  Talkenov

  
	
   

  	
  Managing
  Director

  



 


FOR THE SELLER:


 


	
  By:

  	
  /s/ Nurzhan Kurmanov

  	
   

  
	
   

  	
  Nurzhan
  Kurmanov

  



 


FOR THE BORROWER:


 


	
  By:

  	
  /s/ Anatole Kunevich

  	
   

  
	
   

  	
  Anatole
  Kunevich

  
	
   

  	
  Chief
  Executive Officer

  



 


FOR THE BUYER:


 


	
  By:

  	
  /s/ A. Donov

  	
   

  
	
   

  	
  A. Donov

  
	
   

  	
  Director

  



 

















 


ADDENDUM # 3


to the general loan
agreement (bank loan agreement)


# 2-0402-2 dated
February 4, 2002


 


	
  Almaty

  	
  August 20,
  2002

  



 


Open Joint-Stock
Company “Bank Turan Alem”


represented by Chief Executive Officer E.Tatishev, acting on the basis
of Charter


 


Subsidiary Open
Joint-Stock Company “Caspi Neft TME”


represented by Chief Executive Officer Anatole Kunevich acting on the
basis of the Charter,


 


TransMeridian
Exploration Inc. BVI


represented by Lorrie Olivier, acting on the basis of the Charter,


 


Kazstroiproekt, Ltd


represented by Director Donov A.A. acting on the basis of the Charter,


 


have entered into this Agreement with regard to the following:


 


3.              Agreement
Terms and Definitions


 


Unless
otherwise directly stipulated by this Agreement, capitalized terms and
definitions used herein shall have the meanings implied in the General Loan
Agreement (bank loan agreement) #2-0402-2 dated February 4, 2002.


 


4.              Subject
of the Agreement


 


The Parties
agreed to amend and add to the General Loan Agreement (bank loan agreement)
#2-0402-02 dated February 4, 2002 as follows:


 


1.1.          Clause 4.3. shall be in the following manner


Any amount of
the Loan will be released by OJSC Bank Turan Alem only if the documents bear
minimum two signatures — the signature of the Chairman of the Company
Management of the Borrower and either the signature of the Deputy Chairman of
the Financial Management of the Borrower, or the Chairman of the Board of
Directors of the Borrower, or their substitutes, one of whom must be the
Buyer’s representative. In the event OJSC Bank Turan Alem receives payment
orders and documents to make transactions from the Borrower’s account without
two signatures - of the of the Chairman of the Company Management of the
Borrower and either the signature of the Deputy Chairman of the Financial
Management of the Borrower, or the Chairman of the Board of Directors of the
Borrower, or their substitutes, one of whom must be the Buyer’s representative,
then OJSC Bank Turan Alem is entitled not to execute such instructions of the
Borrower and shall inform the Seller and the Buyer of violation of the
specified term.


 

















 


1.2.          In Article 18 “Legal addresses and details of
the Parties” in details of Lender the words “15 Dostyk Ave. Alatau Hotel” shall
be replaced by “5th floor, 563 Seifullin Ave., 480012.”


 


2.                  Additional
Terms


 


2.1.          This Agreement is an integral part of the
General Loan Agreement (bank loan agreement) #2-0204-2 dated February 4, 2002.
The regulations of the General Loan Agreement (bank loan agreement) #2-0204-2
dated February 4, 2002 shall not be considered and/or construed without
consideration of the contents of this Agreement.


 


2.2.          The Agreement is executed in Russian and
English, in two copies, both having equal legal force. In the event of
contradictions and discrepancies, the Russian text of this Agreement shall have
the prevailing force.


 


2.3.          This Agreement shall become effective upon
its signing.


 


LEGAL ADDRESSES AND
DETAILS OF THE PARTIES:


 


LENDER:


Bank Turan Alem OJSC,


97
Zholdasbekov St, Micro-district Samal-2,


480099 Almaty,
Republic of Kazakhstan,


IIK 300166019
with the Payment Systems Office of the National Bank of Kazakhstan


BIK 190501319,
RNN 600900114104


 


BORROWER:


Caspi Neft TME SOJSC,


563 Seifullina
Ave., 5th floor. 480012, Almaty,


Republic of
Kazakhstan,


RNN
600900159346,


Settlement Account
024467727 with the Almaty Branch of Bank TuranAlem OJSC,


BIK 190501306


 


SELLER:


Transmeridian
Exploration Inc. BVI


397 North Sam
Houston Pkwy, Suite #300, Houston, Texas, 77060, USA


 


BUYER:


Kazstroiproekt, Ltd


68 Abai Ave.
Office 74


Almaty,
Kazakhstan


 

















 


SIGNATURES OF THE
PARTIES:


 


FOR THE LENDER:


 


	
  By:

  	
  /s/  E.Tatishev

  	
   

  
	
   

  	
  E. Tatishev

  
	
   

  	
  Chief
  Executive Officer

  



 


FOR THE SELLER:


 


	
  By:

  	
  /s/ Lorrie Olivier

  	
   

  
	
   

  	
  Lorrie
  Olivier

  
	
   

  	
  President
  and Chief Executive Officer

  



 


FOR THE BORROWER:


 


	
  By:

  	
  /s/ Anatole Kunevich

  	
   

  
	
   

  	
  Anatole
  Kunevich

  
	
   

  	
  Chief
  Executive Officer

  



 


FOR THE BUYER:


 


	
  By:

  	
  /s/ A. Donov

  	
   

  
	
   

  	
  A. Donov

  
	
   

  	
  Director

  



 

















 


Supplementary
Agreement No. 4


to the General Loan
Agreement (Bank Loan Contract) No. 2-0402-2 dated


February 4, 2002.


 


	
  Almaty

  	
  February 1,
  2004

  



 


Hereby the Parties of General
Loan Agreement (Bank Loan Contract) No. 2-0402-2 dated February 4, 2002
(hereinafter — the “General Loan Agreement”; on citing of the General Loan
Agreement – “this Agreement”), namely:


 


Open Joint Stock Company “Bank Turan Alem”, represented
by the Managing Director Mr. Saparov Arsen Kuandykovich, acting on the basis of
the Power of Attorney.


 


Subsidiary Open Joint Stock Company “Caspi
Neft TME” represented by Chief Executive Officer Mr.
Anatole Kunevich, acting on the basis of the Charter,


 


TransMeridian  Exploration Inc. BVI, represented by the
President Mr. Lorrie Olivier, acting on the basis of the Articles of
Association, and


 


a legal successor of Limited
Liability Company “Kazstroiproekt” as per Supplementary Agreement No. 2 to the
Shareholders’ Joint Operating Agreement dated November 4, 2002, BRAMEX
MANAGEMENT INC., represented by Mr. Sadykov, acting on the basis of
the Power of Attorney dated October 18, 2003;


 


have entered into this addendum
(hereinafter — the “Addendum”) with regard to the following:


 


1.              Addendum
Terms and Definitions


 


Unless
otherwise directly stipulated by this Addendum, capitalized terms and
definitions used herein shall have the meanings implied in the General Loan
Agreement (bank loan agreement) # 2-0402-2 dated February 4, 2002.


 


2.              Subject
of the Agreement


 


The Parties
agreed to amend the General Loan Agreement as follows:


 


1.               to state paragraph 5.1.1. b) as follows:


“The Seller
shall provide the Borrower with a long-term loan for repayment of the loan
amount of $ 2,233,000.00 (two million two hundred and thirty-three thousand) US
Dollars and the Interest accrued on this amount not later the dates specified
in this Agreement for repayment of the above mentioned amounts”.


At that, the
Parties hereby agree, that after granting of the above mentioned long-term
loan, the Seller’s obligation stated by paragraph 5.1.1. b) of the General Loan
Agreement shall be considered to be fully fulfilled, and after the date when
the above mentioned


 

















 


amount is wired
by the Seller to the Borrower, all obligations on repayment of the amount
stipulated by paragraph 5.1.1. b) shall be borne by the Borrower.


 


2.               to state paragraph 6.3.1. as follows:


 


“The Interest
accrued on the amount of US $2,233,000 (two million two hundred and
thirty-three thousand) US Dollars shall be paid not later than the last date of
the 18-months’ period from the date of receipt of the above mentioned amount by
the Borrower from the Creditor under the General Loan Agreement. The amount of
accrued Interest shall be calculated in accordance with the terms of this
Agreement on the date of repayment of the principal amount US $ 2,233,000. In
case of delay in payment, beginning with the date of occurrence of delay in
performance, the Interest shall be accrued at the one and a half (1.5) extended
rate of Interest; at that, the provisions of this Agreement related to charging
of penalty fees and fines shall not be applied.


 


3.               to state paragraph 7.4.1. as follows:


 


“The part of
the Loan in the amount of $2,233,000.00 (two million two hundred and
thirty-three thousand) US Dollars shall be repaid not later than on the last
date of the 24-months period after the date of receipt of this amount of the
Loan by the Borrower”.


 


3.              Additional
Terms


 


4.1. This Addendum
is an integral part of the General Loan Agreement (bank loan agreement)
#2-0204-2 dated February 4, 2002. The regulations of the General Loan Agreement
(Bank Loan Contract) #2-0204-2 dated February 4, 2002 shall not be considered
and/or interpreted without consideration of the contents of this Addendum.


 


4.2. The
Addendum is executed in Russian and English, in four copies, all having equal
legal force. In the event of contradictions and discrepancies, the Russian text
of this Addendum shall have the prevalence.


 


4.3. This
Addendum shall become effective upon signing.


 


LEGAL
ADDRESSES AND DETAILS OF THE PARTIES:


 


OJSC Bank Turan Alem,


97
Zholdasbekov Str., Micro-district Samal-2,


480099 Almaty,
Republic of Kazakhstan,


IIK 300166019
with the Payment Systems Office of the National Bank of Kazakhstan


BIK 190501319,
RNN 600900114104


 


SOJSC Caspi Neft TME,


563 Seifullina
Ave., 5th floor. 480012, Almaty,


Republic of
Kazakhstan,


RNN
600900159346,


Settlement
Account 024467727,


 

















 


Dollars
account No. 003070727 with the Almaty Branch of OJSC Bank TuranAlem,


BIK 190501306


 


Transmeridian
Exploration Inc. BVI


397 North Sam
Houston Pkwy, Suite #300, Houston, Texas, 77060, USA


 


BRAMEX MANAGEMENT
INC.


Sea Meadow
House, Blackburn Highway, P.O.B. 116, Road Town, Tortola, British Virgin
Islands


 


 


SIGNATURES OF THE
PARTIES:


 


OJSC Bank Turan Alem:


 


	
  By:

  	
  /s/  Arsen
  Saparov

  	
   

  
	
   

  	
  Arsen
  Saparov

  
	
   

  	
  Managing
  Director

  



 


Transmeridian
Exploration Inc. BVI:


 


	
  By:

  	
  /s/ Lorrie Olivier

  	
   

  
	
   

  	
  Lorrie
  Olivier

  
	
   

  	
  President
  and Chief Executive Officer

  



 


SOJSC Caspi Neft TME:


 


	
  By:

  	
  /s/ Anatole Kunevich

  	
   

  
	
   

  	
  Anatole
  Kunevich

  
	
   

  	
  Chief
  Executive Officer

  



 


BRAMEX MANAGEMENT
INC. :


 


	
  By:

  	
  /s/ K. Sadykov

  	
   

  
	
   

  	
  K. Sadykov

  



 

















 


Supplementary
Agreement No. 5


to the General Loan
Agreement (Bank Loan Contract) No. 2-0402-2


dated February 4,
2002.


 


	
  Almaty

  	
  August 19,
  2003

  



 


Hereby the Parties of General
Loan Agreement (Bank Loan Contract) No. 2-0402-2 dated February 4, 2002
(hereinafter – “General Loan Agreement”), namely:


 


Open Joint Stock Company “Bank Turan Alem”, represented
by Chief Executive Officer Mr. Tatishev E.N., acting on the basis of the
Charter,


 


Subsidiary Open Joint Stock Company “Caspi
Neft TME” represented by Chief Executive Officer Mr.
Anatole Kunevich, acting on the basis of the Charter,


 


TransMeridian  Exploration Inc. BVI, represented by the
President, Mr. Lorrie Olivier, acting on the basis of the Charter, and


 


a legal successor of Limited
Liability Company “Kazstroiproekt” as per Supplementary Agreement No. 2 to the
Shareholders’ Joint Operating Agreement dated November 4, 2002, BRAMEX
MANAGEMENT INC., represented by Mr. Sadykov, acting on the basis of
the Power of Attorney dated October 22, 2002;


 


have entered into this Addendum
(hereinafter – the “Supplementary Agreement”) with regard to the following:


 


1.              Agreement
Terms and Definitions


 


Unless
otherwise directly stipulated by this Agreement, capitalized terms and
definitions used herein shall have the meanings implied in the General Loan
Agreement (bank loan agreement) # 2-0402-2 dated February 4, 2002.


 


1.              Subject
of the Agreement


 


The Parties
agreed to amend the General Loan Agreement as follows:


 


1.1.          to state paragraph 5.1.1.a) as follows:


 


“The Buyer
shall provide to the Borrower a long-term loan in amount of 15,000,000.00
(fifteen millions) US Dollars for repayment of the Loan (the term of the
fifteen millions’ loan shall be discussed by the Buyer and Borrower in a
separate loan agreement); at the same time the Interests accrued for
15,000,000.00 (fifteen millions) US Dollars shall be repaid by the Borrower on
its own, on the terms set out in this Agreement.”


 

















 


2.              Additional
Terms


 


2.1.          This Agreement is an integral part of the
General Loan Agreement (bank loan agreement) #2-0204-2 dated February 4, 2002.
The regulations of the General Loan Agreement (Bank Loan Contract) #2-0204-2
dated February 4, 2002 shall not be considered and/or construed without
consideration of the contents of this Agreement.


 


2.2.          The Agreement is executed in Russian and
English, in four copies, all having     
equal legal force. In the event of contradictions and discrepancies, the
Russian text of this Agreement shall have the prevalence.


 


2.3.          This Agreement shall become effective upon
signing.


 


LEGAL ADDRESSES AND
DETAILS OF THE PARTIES:


 


OJSC Bank Turan Alem,


97 Zholdasbekov
Str., Micro-district Samal-2,


480099 Almaty,
Republic of Kazakhstan,


IIK 300166019
with the Payment Systems Office of the National Bank of Kazakhstan


BIK 190501319,
RNN 600900114104


 


SOJSC Caspi Neft TME,


563 Seifullina
Ave., 5th floor. 480012, Almaty,


Republic of
Kazakhstan,


RNN
600900159346,


Settlement
Account 024467727 with the Almaty Branch of OJSC Bank TuranAlem,


BIK 190501306


 


Transmeridian
Exploration Inc. BVI


397 North Sam
Houston Pkwy, Suite #300, Houston, Texas, 77060, USA


 


BRAMEX MANAGEMENT
INC.


Sea Meadow
House, Blackburn Highway, P.O.B. 116, Road Town, Tortola, British Virgin
Islands


 

















 


SIGNATURES OF THE
PARTIES:


 


OJSC Bank Turan Alem:


 


	
  By:

  	
  /s/  E.
  Tatishev

  	
   

  
	
   

  	
  E. Tatishev

  
	
   

  	
  Chief
  Executive Officer

  



 


Transmeridian
Exploration Inc. BVI:


 


	
  By:

  	
  /s/ Lorrie Olivier

  	
   

  
	
   

  	
  Lorrie
  Olivier

  
	
   

  	
  President
  and Chief Executive Officer

  



 


SOJSC Caspi Neft TME:


 


	
  By:

  	
  /s/ Anatole Kunevich

  	
   

  
	
   

  	
  Anatole
  Kunevich

  
	
   

  	
  Chief
  Executive Officer

  



 


BRAMEX MANAGEMENT
INC. :


 


	
  By:

  	
  /s/ K. Sadykov

  	
   

  
	
   

  	
  K. Sadykov