Document:

GTE - 2013.06.30 - EX 10.4

Exhibit 10.4

	
			
	Date of Signature
	Bogotá D.C. the 27th of June of 2013
	 

	Addendum No. 3
	Transportation Agreement VIT 001 -2012
	 

            
	
			
	SENDER
	GRAN TIERRA ENERGY COLOMBIA LTD.
	 

	NIT
	860516431-7
	 

	
			
	TRANSPORTER
	CENIT TRANSPORTE Y LOGÍSTICA DE HIDROCARBUROS 
S. A. S
	 

	NIT
	900.531.210-3
	 

	
				
	PURPOSE
	Service of transportation of liquid hydrocarbons on the Mansoyá – Orito Pipeline (OMO) Pipeline and the Trans – Andean Pipeline (OTA).
	 

	 
	 
	 
	 

This Addendum No. 3 to the contract for the provision of the liquid hydrocarbons’ transportation service on the Mansoyá – Orito Pipeline (OMO) and the Trans – Andean Pipeline (“OTA”) VIT -001 - 2012 entered into on the 30th of January of 2012 between ECOPETROL S. A. and GRAN TIERRA ENERGY COLOMBIA LTD (hereinafter the “Contract”) is entered into on the 27th day of the Month of June of 2013 (“Execution Date”) by:

		
	(1)
	CENIT TRANSPORTE Y LOGÍSTICA DE HIDROCARBUROS S. A. S., hereinafter “CENIT”, a Colombian mercantile company, of the type of the simplified shares’ companies, domiciled in the city of Bogotá, incorporated by private document dated on the 15th of June of 2012 and recorded in the commercial registry on the same date, with commercial registration number  02224959, legally represented by JUAN PABLO OSPINA VILLEGAS, identified with Colombian I. D. Card No. 98.542.872 issued at Envigado, acting in the name and on behalf of CENIT in his capacity as Commercial Director and General Attorney according to Public Deed No. 483 of the 8th of March of 2013 of the 40th Notary of the city of Bogotá, and 

		
	(2)
	GRAN TIERRA ENERGY COLOMBIA LTD. a company incorporated at United States of America, acting through its branch office legally established in Colombia  by Public Deed No. 5323 of the 25th of October of  de 1983 of the 7th Notary of the City of Bogotá, domiciled in this city, hereinafter the “SENDER”, represented by DUNCAN NIGHTINGALE, of legal age, domiciled and resident in the city of Bogotá, identified with alien citizens card No. 391.739  issued at Bogotá and by ALEJANDRA ESCOBAR HERRERA, Colombian citizen, domiciled in the city of Bogotá, identified with Colombian I. D. Card No 52.646.943 de Bogotá, acting in their capacities as Legal Representatives with ample and sufficient representation powers. 

CENIT and the SENDER can also be called in this Addendum No. 3 al Contract, individually a “Party” or jointly as “Parties” and it is entered into after the following:

OTROSI No.3                                 Página No. 1

RECITALS

		
	1.
	Whereas, the Contract, entered into by ECOPETROL S. A. (“ECOPETROL”) and the SENDER is in force, and with the amendments made to it by Addendums 1 and 2,  the latter dated on the 30th of December of 2012, was assigned by ECOPETROL to CENIT on the first day of April of 2013.

		
	2.
	Whereas, the date of expiration of the term of execution of the Contract as per the provisions of Addendum No. 2 mentioned in the preceding recital is the 30th of June of 2013.

		
	3.
	Whereas, the SENDER has expressed to CENIT its intention of extending the term of the Contract and CENIT has expressed to the SENDER its agreement with such extension for an additional term of two (2) months, namely until the 30th of August of 2013.

		
	4.
	Whereas, by virtue of the foregoing considerations, the Parties:

AGREE

FIRST: - To amend the estimated price of the Contract, as follows: 

	
		
	“Final Estimated Price of the Contract”
	USD $ 21,606,000

SECOND: - To amend the relevant insured value in the GUARANTEES, contained in the Specific Conditions  of the Contract as follows:

	
		
	Type of Guarantee
	Total Amount

	“Performance Bond
	COL $ 10,412,236,000

The SENDER commits, no later than five (5) business days after the Execution Date of this Addendum No. 3 to do the amendment of the Guarantee and to deliver, in a term of no more than three (3) calendar days after the date in which the amendment of the Guarantee is issued, the respective amendment certificates.

The amendment of the Guarantee must maintain a cover of  the Contract for the term thereof according to the provisions of this Addendum No. 3 plus 120  additional days.

THIRD: - The term of execution of the Contract will start on the Contract’s Execution Date and until the 30th of August of 2013.

FOURTH: This Addendum is not a novation of the Contract or the provisions of its Addendums No. 1 and 2, which are in full force and effect excepting for the provisions expressly amended by this Addendum No. 

OTROSI No.3                                 Página No. 2

3. The terms, conditions, disclaimers and other provisions established in the Contract will be fully applicable regarding the provisions of this Addendum unless the same are in contradiction with it.

In case of  contradiction between the provisions of the Contract and the provisions of this Addendum No. 3, or, if there is a void or inconsistency,, the Parties by virtue of the good faith principle, an using their best efforts, commit to readjust it or to enter into the acts and things required for its adequate performance.

This Addendum is entered into in two (2) copies of the same text, one for each one of the Parties, on the twenty seventh (27th) day of the month of June of 2013.

	
						
	

FOR THE SENDER:
	

FOR CENIT:

	 

	Signature:
	

/s/ Duncan Nightingale
	Signature:
	

/s/ Juan Pablo Ospina Villegas

	Name:
	DUNCAN NIGHTINGALE
	Name:
	JUAN PABLO OSPINA VILLEGAS

	Position:
	Legal Representative  
C.E. 391.739
	Position:
	General Attorney
C.C. No. 98.542.872 of  Envigado

FOR THE SENDER:

	
		
	Signature:
	

/s/ Alejandra Escobar Herrera

	Name:
	ALEJANDRA ESCOBAR HERRERA

	Position:
	Legal Representative  
C.C. 52.646.943

OTROSI No.3                                 Página No. 3EX 4.1 Second Amendment Malaysian Euro

EXHIBIT 4.1

FIRST SOLAR MALAYSIA SDN. BHD. (COMPANY NO. 758827-T)
as Borrower

COMMERZBANK AKTIENGESELLSCHAFT
as Arranger and Original Lender

COMMERZBANK AKTIENGESELLSCHAFT, LUXEMBOURG BRANCH
as Facility Agent and Security Agent

and

NATIXIS ZWEIGNIEDERLASSUNG DEUTSCHLAND
as Arranger and Original Lender

SECOND AMENDMENT AGREEMENT TO THE
FACILITY AGREEMENT

CONTENTS
Clause Page
1. DEFINITIONS AND INTERPRETATION ..................................................................... 1
2. AMENDMENT AND RESTATEMENT OF THE FACILITY AGREEMENT .............. 2
3. FURTHER ASSURANCE ................................................................................................ 5
4. FINANCING DOCUMENT ............................................................................................. 5
5. REPRESENTATIONS AND WARRANTIES ................................................................. 5
6. WAIVER PROVISIONS .................................................................................................. 5
7. SECURITY DOCUMENTS.............................................................................................. 5
8. COSTS AND EXPENSES ................................................................................................ 6
9. EFFECTIVENESS ............................................................................................................ 6
10. MISCELLANEOUS .......................................................................................................... 6
SCHEDULE 1 THE ORIGINAL LENDERS............................................................................ 8

THIS SECOND AMENDMENT AGREEMENT (the "Agreement") is made on 21 November 2012, effective 18 March 2013,

BETWEEN

(1) FIRST SOLAR MALAYSIA SDN. BHD. (Company No. 758827-T), a company limited by shares, incorporated, organised and validly existing under the laws of Malaysia, having its registered place of business at 8, Jalan Hi-Tech 3/3, Zoon Industri Fasa 3, Kulim Hi-Tech Park 09000 Kulim, Kedah Darul Aman, Malaysia (the "Borrower");

(2) COMMERZBANK AKTIENGESELLSCHAFT, (in its capacity as "Arranger 1"),

(3) COMMERZBANK AKTIENGESELLSCHAFT, LUXEMBOURG BRANCH, (in its capacity as "Facility Agent" and "Security Agent"); 

(4) NATIXIS ZWEIGNIEDERLASSUNG DEUTSCHLAND, (in its capacity as "Arranger 2" and together with the Arranger 1 referred to as the "Arrangers"); and

(5) THE PERSONS listed in Schedule 1 (The Original Lenders) (together the "Original Lenders").

WHEREAS

(A) The Borrower, the Arrangers, the Facility Agent, the Security Agent and the Original Lenders have entered into an up to EUR 60,000,000 facility agreement dated 3 August 2011, as amended pursuant to a first amendment agreement dated 16 September 2011 (the "First Amendment Agreement") in order to provide for the financing of equipment in relation to two solar module manufacturing plants located
in Kulim Hi Tech Park, Kedah, Malaysia (the "Facility Agreement").

(B) The parties hereto wish to agree on certain changes to the Facility Agreement, which shall be implemented in accordance with the terms of this Agreement.

IT IS AGREED as follows:

1. DEFINITIONS AND INTERPRETATION

1.1 Definitions

In this Agreement:

"Amended Facility Agreement" means the Facility Agreement, as amended by this Agreement.

"Amendment Date" means the date of this Agreement.

"Effective Date" has the meaning given to this term in Clause 9.1 (Effectiveness) of this Agreement.

1.2 Incorporation of Defined Terms, Interpretation

Terms defined in the Facility Agreement shall, unless otherwise defined herein, have the same meaning herein and the principles of construction set out in the Facility Agreement shall have effect as if set out in this Agreement.

1.3 Clauses and Schedules

1.3.1 In this Agreement any reference to a "Clause" or "Schedule" is, unless the context otherwise requires, a reference to a Clause or Schedule of this Agreement.

1.3.2 Clause and Schedule headings are for ease of reference only.

1.4 Singular and Plural

Words incorporating the singular number include the plural and vice versa.

1.5 English language

This Agreement is made in the English language. The English language version of
this Agreement shall prevail over any translation of this Agreement. However, where
a German translation of a word or phrase appears in the text of this Agreement, the
German translation of such word or phrase shall prevail.

2. AMENDMENT AND RESTATEMENT OF THE FACILITY AGREEMENT

With effect as of the Effective Date, the Facility Agreement will be amended as
follows:

2.1 Clause 1.1 (Definitions) of the Facility Agreement

The definition of "Ratio Calculation Date" will be deleted and instead the following wording will be inserted:
""Ratio Calculation Date" means each date which is identical to the end of each quarter of each Financial Year."

2.2 Clause 19.1 (Financial Definitions) of the Facility Agreement:

2.2.1 The definition of "CAFDS" will be deleted and instead the following wording will be inserted:

""CAFDS" means the total sum of the Cash and Cash Equivalent Investments plus Marketable Securities."

2.2.2 the following definitions will be added in the respective alphabetical order:

(a) ""Affiliate" means in relation to any person, a Subsidiary of that person or a Holding Company of that person or any other Subsidiary of that Holding Company."

(b) ""Cash" means, other than Trapped Cash, any credit balance on any deposit, savings, current or other account, and any cash in hand, of the

Borrower or to which the Borrower is beneficially entitled, and which is:

a) freely withdrawable on demand or subject to time deposit arrangements that can be terminated at any time; and

b) not subject to any Security (other than pursuant to any Security Document or any Permitted Encumbrance."

(c) ""Cash Equivalent Investments" means investments held by the Borrower which are traded in a liquid market and are:

a) marketable direct obligations issued by, or unconditionally guaranteed by, the government of the United States of America or issued by any agency thereof with a minimum long-term credit rating of A by S&P or A by Moody's, in each case maturing within three years from the date of acquisition by the Borrower;

b) marketable direct obligations issued by, or unconditionally guaranteed by any foreign sovereign state, or any agency thereof, with a minimum long-term credit rating of A by S&P and A by Moody's, in each
case maturing within three years from the date of acquisition by the Borrower;

c) securities with maturities of three years or less from the date of acquisition by the Borrower issued or fully guaranteed by any state, commonwealth or territory of the United States of America, by any political subdivision or taxing authority of any such state, commonwealth or territory, with a minimum longterm credit rating of A by S&P and A by Moody', in each case maturing within three years from the date of acquisition by the Borrower;

d) certificates of deposit, time deposits or overnight bank deposits having maturities of 1 year or less from the date of acquisition by the Borrower, issued by any Lender or by any commercial bank with a long-term credit rating of at least A by S&P or A by Moody's;

e) commercial paper maturing within nine months from the date of acquisition by the Borrower with a minimum short-term credit rating of A-1 by S&P or P-1 by Moody's;

f) repurchase obligations of any Lender or of any commercial bank satisfying the requirements of clause(d) of this definition, having a term of not more than 30 days, with respect to securities issued or fully guaranteed or insured by the government of the United States of America or a foreign sovereign state with a long-term credit rating of at least AA by S&P or Aa by Moody's; 

g) corporate debt securities issued in the U.S. or Europe with maturities of three years or less from the date of acquisition by the Borrower and with a long-term credit rating of at least A by S&P or A by Moody's;

h) supranational debt securities issued in the U.S. or Europe with maturities of three years or less from the date of acquisition by the Borrower and with a long-term credit rating of at least A by S&P or A by Moody's;

i) money market mutual or similar funds that invest exclusively in assets satisfying the requirements of clauses (a) through (h) of this definition;

j) money market funds that (i) comply with the criteria set forth in SEC Rule2a-7 under the Investment Company Act of 1940 of the United States of America, as amended, (ii) are rated AA by S&P or Aa by Moody's and (iii) have portfolio assets of at least $5,000,000,000;

k) money market funds in Malaysia having a rating in the highest investment category granted thereby by S&P or Moody's at the time of acquisition by the Borrower, including any fund for which a Finance Party or an Affiliate of a Finance Party serves as an investment advisor, administrator, shareholder servicing agent, custodian or sub custodian, notwithstanding that a Finance Party or an Affiliate of a Finance Party charges and collects fees and expenses from such funds for services rendered (provided that such charges, fees and expenses are on terms consistent with terms negotiated at arm's length); or

l) approved by the Majority Lenders, in each case A) not issued by the First Solar Group itself and B) not subject to any Security (other than pursuant to any Permitted Encumbrance), denominated and payable in freely transferable and freely convertible currency and the proceeds of which are capable of being remitted to the Borrower."

(d) ""Holding Company" means, in relation to a company or corporation, any other company or corporation in respect of which it is a Subsidiary."

(e) ""Marketable Securities" means securities which are traded on a national securities exchange in Europe or the United States of America or otherwise actively traded over-the-counter in Europe or the United States of America and are not subject to restrictions on transfer as a result of applicable contract provisions or the provisions of any other applicable securities laws or regulations."

(f) ""Trapped Cash" means any rent deposit and any credit balance on any deposit, savings, current or other account, or cash in hand which cannot be applied immediately for the purpose of repaying the Facilities."

2.3 Clause 19.2 (d) (Financial Condition) of the Facility Agreement will be deleted and instead the following wording will be inserted:

"Debt Service Coverage Ratio: ensure that at all times the Annualised DSCR is not less than 2.5."

2.4 Save as expressly amended by this Agreement, the provisions of the Facility Agreement shall remain in full force and effect.

3. FURTHER ASSURANCE

The Borrower shall, at the request of the Facility Agent and at its own expense, do all such reasonable acts and things necessary or desirable to give effect to the amendments effected or to be effected pursuant to this Agreement.

4. FINANCING DOCUMENT

This Agreement shall be a Finance Document.

5. REPRESENTATIONS AND WARRANTIES
The Borrower herewith represents and warrants to each of the Arrangers, the Facility Agent, the Security Agent and the Lenders that, as of the date of signing of this Agreement, the statements in clause 17.1 (Representations and Warranties) of the Amended Facility Agreement are true and correct. The Borrower makes the representations and warranties as if each reference in those representations and warranties to "this Agreement" includes a reference to the Amended Facility Agreement.

6. WAIVER PROVISIONS

The entry into this Agreement, nor anything else in this Agreement shall operate as a waiver of any outstanding Event of Default.

7. SECURITY DOCUMENTS
The Security Documents shall continue in full force and effect in connection with the Facility Agreement as amended by this Agreement. The parties to this Agreement acknowledge that all present and future, actual and contingent obligations and liabilities in their respective valid, amended, supplemented, or newly arranged forms of the Borrower to the Lenders, the Facility Agent and the Security Agent under each of the Finance Documents are to be regarded as secured obligations (as defined in each of the Security Documents) under the Security Documents.

COSTS AND EXPENSES

The Borrower shall within ten (10) Business Days of demand by the Facility Agent, reimburse the Facility Agent, the Security Agent and the Lenders for all costs and expenses (including legal fees) together with any VAT thereon incurred by such person in responding to or complying with such request. The Borrower shall also bear its own costs.

9. EFFECTIVENESS

9.1 This Agreement shall become effective on the date on which the Facility Agent confirms to the parties to this Agreement and the Sponsor that the conditions precedent set out in Clause 9.2 below have been satisfied or waived (the "Effective Date").

9.2 Conditions Precedent

The following information shall be submitted to the Facility Agent, each in form and
substance satisfactory to it:

9.2.1 An original copy of this Agreement executed by all parties;

9.2.2 a copy of the corporate authorisations and/or board resolutions of the
Borrower and the Sponsor, respectively, relating to the execution, delivery and
performance of this Agreement; and

9.2.3 a certified and up to date copy of the specimen signatures of the persons
authorised to sign this Agreement on behalf of the Borrower and the Sponsor,
respectively.

10. MISCELLANEOUS

10.1 Remedies and Waivers

No failure to exercise, nor any delay in exercising, on the part of any Lender, the Facility Agent, the Arrangers or the Security Agent, any right or remedy under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy.

10.2 Partial Invalidity

Should any provision of this Agreement be invalid or unenforceable, in whole or in part, or should any provision later become invalid or unenforceable, this shall not affect the validity of the remaining provisions of this Agreement. In lieu of the invalid or unenforceable provision another reasonable provision shall apply, which as far as legally possible comes as close as possible to the intention of the contracting parties, or to what would have been their intention, in correspondence with the spirit and the purpose of this Agreement, had the parties upon entering into this Agreement taken into consideration the invalidity or unenforceability of the respective provision. The same shall apply mutatis mutandis to fill possible gaps (Vertragslücken) in this Agreement.

10.3 Amendments

Changes to this Agreement, including this Clause 10.3 shall be made in writing.

10.4 Governing Law

This Agreement shall be governed by, and construed in accordance with, the laws of the Federal Republic of Germany.

10.5 Law and Jurisdiction

Clause 37 (Jurisdiction) of the Amended Facility Agreement shall apply to this Agreement mutatis mutandis.

10.6 Counterparts

This Agreement may be executed in any number of counterparts all of which taken together constitute one and the same instrument.

SCHEDULE 1
THE ORIGINAL LENDERS

	
				
	Original
Lenders

	Commerzbank
Aktiengesellschaft

	Natixis
Zweigniederlassung
Deutschland

	Total

	Commitment
in respect of

	EUR 40,000,000.00

	EUR 20,000,000.00

	EUR 60,000,000.00

	Facility I

	EUR 18,119,067.33

	EUR 9,059,533.67

	EUR 27,178,601.00

	Facility II

	EUR 21,290,621.33

	EUR 10,645,310.67

	EUR 31,935,932.00

	Facility III

	EUR 590,311.34

	EUR 295,155.66

	EUR 885,467.00

EXECUTION PAGE
SECOND AMENDMENT AGREEMENT

FIRST SOLAR MALAYSIA SDN. BHD
as Borrower
	
	
	/s/ David Brady

	Name: David Brady

Address:     350 West Washington Street
Suite 600
Tempe, Arizona 85281-1244
USA

Attn.: David Brady
Fax: +1 602 414 9462

COMMERZBANK AKTIENGESELLSCHAFT
as Arranger and Original Lender
	
			
	/s/ Andreas Kappenberg
	 
	/s/ Anton Rotenhan

	Name: Andreas Kappenberg
	 
	Name: Anton Rotenhan

Address:     Kaiserplatz
60311 Frankfurt am Main
Germany

Attn.: Klaus-Dieter Schmedding
Fax: +49 (0)69 136 23742

COMMERZBANK AKTIENGESELLSCHAFT, LUXEMBOURG BRANCH
as Facility Agent

	
			
	/s/ Gerald Kolodziej
	 
	/s/ Jörn Tschentscher

	Name: Gerald Kolodziej
	 
	Name: Jörn Tschentscher

Address:     25, Rue Edward Steichen
L-2540 Luxembourg
Luxembourg

Attn.: Agency-Department
Jörn Tschentscher
Fax: +352 477 911 3905

COMMERZBANK AKTIENGESELLSCHAFT, LUXEMBOURG BRANCH
as Security Agent

	
			
	/s/ Erik Mehdorn
	 
	/s/ Eva Gottschalk-Schmitt

	Name: Erik Mehdorn
	 
	Name: Eva Gottschalk-Schmitt

Address:     25, Rue Edward Steichen
L-2540 Luxembourg
Luxembourg

Attn.: Security Agencies
Luxembourg
Eva Gottschalk-Schmitt
Fax: +352 477 911 3903

NATIXIS ZWEIGNIEDERLASSUNG DEUTSCHLAND
as Arranger and Original Lender

	
			
	/s/ Michael Brüggemann
	 
	/s/ Julia Friske

	Name: Michael Brüggemann
	 
	Name: Julia Friske

Address:     Im Trutz Frankfurt 55
60322 Frankfurt
Germany

Attn.: Michael Brüggemann
Fax: +49 (0) 69 97153 173

ACKNOWLEDGMENT AND CONSENT BY THE SPONSOR AS GUARANTOR UNDER THE SPONSOR'S GUARANTEE:

The Sponsor hereby acknowledges that it has read the First Amendment Agreement and this Agreement and consents to the terms thereof and further confirms and agrees that the Sponsor's Guarantee is and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects. The Sponsor hereby confirms and acknowledges that it is validly and justly indebted to the Agents (as defined in the Sponsor's Guarantee) and the Lenders for the payment of all of the obligations which it has guaranteed, without offset, defence, cause of action or counterclaim of any kind or nature whatsoever.

FIRST SOLAR, INC.
as Sponsor

	
	
	/s/ David Brady

	Name: David Brady

Address:     350 West Washington Street
Suite 600
Tempe, Arizona 85281-1244
USA

Attn.: David Brady

Fax: +1 602 414 9462

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