Document:

SENT VIA FAX           PLEASE DELIVER ASAP

TO:      Steve Bayern and Pat Kolenik

FROM:    Mark Miehle

Dated:   August 3, 2000

If this document is agreeable to you please initial at the bottom and return via
FAX to (801) 977 8973.  Upon  receipt,  I will  instruct  Randall draw up formal
documents for your signature.

This agreement

1)   Rescinds the  issuance of 200,000  PMED common stock dated June 30th,  2000
     and issued in connection with the Dicon transaction,

I appreciate your  consideration in this matter and your cooperation in arriving
at an equitable solution.

We the undersigned agree to the terms and conditions stated above:

/s/ Steve Bayern  /s/ Pat Kolenik   /s/ Randall Mackey        /s/ Mark Miehle
Steve Bayern      Pat Kolenik       Randall Mackey            Mark Miehle

<PAGE>

SENT VIA FAX                 PLEASE DELIVER ASAP

TO:      Steve Bayern and Pat Kolenik

FROM:    Mark Miehle

Dated:   August 3, 2000

If this document is agreeable to you please initial at the bottom and return via
FAX to (801) 977 8973.  Upon  receipt,  I will  instruct  Randall draw up formal
documents for your signature

The agreement

Provides for a new agreement with Cyndel. The agreement will pay a commission of
$ 500,000 upon the completion of

                    A The Dicon transaction and

                    B The  completion  of a round of  financing  of a minimum of
                    $1.0 million dollars to be completed by September 4th, 2000.
                    Pricing  for the round will be at a 15%  discount to market.
                    (As an example  current market is $5.00  therefore the offer
                    would be $ 4.25 a  share).  I  choose  15%  because  Trinity
                    currently has a deal and a first right of refusal at 14%.

I appreciate your  consideration in this matter and your cooperation in arriving
at an equitable solution.

We the undersigned agree to the terms and conditions stated above

/s/ Steve Bayern  /s/ Pat Kolenik   /s/ Randalll Mackey        /s/ Mark Miehle
Steve Bayern      Pat Kolenik       Randall Mackey             Mark Miehle

<PAGE>

SENT VIA FAX                PLEASE DELIVER ASAP

TO:      Steve Bayern and Pat Kolenik

FROM:    Mark Miehle

Dated:   August 3, 2000

If this document is agreeable to you please initial at the bottom and return via
FAX to (801) 977 8973.  Upon  receipt,  I will  instruct  Randall draw up formal
documents for your signature.

Cyndel and PMED will either establish a separate agreement or amend the existing
one stating that they have entered into an investment banking  relationship with
PMED ( or some type of  relationship  that is not redundant with the existing in
place Cyndel  agreement or in conflict with the another  agreement that we might
have).  Upon  entering  into the  relationship  that Cyndel be accorded  150,000
warrants at $4.00 a share

I appreciate your  consideration in this matter and your cooperation in arriving
at an equitable solution.

We the undersigned agree to the terms and conditions stated above

/s/ Steve Bayern  /s/ Pat Kolenik   /s/ Randall Mackey         /s/ Mark Miehle
Steve Bayern      Pat Kolenik       Randall Mackey             Mark MiehleEXHIBIT 10(22)

                          Management Services Agreement

                                     Between

                           CANARGO ENERGY CORPORATION

                                       And

                              VAZON ENERGY LIMITED

                          MANAGEMENT SERVICES AGREEMENT

     THIS  MANAGEMENT  SERVICES AGREEMENT is made effective as of 30TH JUNE 2000
by and between CANARGO ENERGY CORPORATION, a corporation (Commission File Number
incorporated  and  existing  under  the  laws of the State of Delaware,
United  States  of  America  (the "Company"), and VAZON ENERGY LIMITED, (company
number  5153)  a  company  incorporated and existing under the laws of Guernsey,
Channel  Islands  ("Consultant").

                             PRELIMINARY STATEMENTS

     A.     The  Company  is  engaged in the exploration, development, recovery,
production,  marketing  and  sale of oil and gas (the "Business") throughout the
world.

     B.     Consultant  has  substantial  experience  in  the  Business,  and is
available  to  render  general and specific services of a management, technical,
administrative  and/or  advisory  nature  with  respect  to the Business, and is
prepared  to  provide  such  services  as  and  when  needed  by  the  Company.

     C.     The  Company  desires  to  obtain  the  services  of Consultant, and
Consultant  desires to provide certain services to the Company in the Territory.

     NOW,  THEREFORE,  in  consideration  of the agreements contained herein and
other  good  and  valuable  consideration, the receipt and adequacy of which are
hereby  acknowledged,  the  parties  hereto  agree  as  follows:

SECTION  1  -  DEFINITIONS

     In  this  Agreement  and  the  Exhibits  hereto,  except  where the context
otherwise  requires,  the  words  and expressions set forth below shall have the
following  meanings:

"Agreement" means this Management Services Agreement, including all Exhibits, as
the  same  may  be  amended,  modified  or  extended  from  time  to  time.

"Bonus"  has  the  meaning  set  forth  in  Exhibit  3.

"Board"  means  the  board  of  directors  of  the  Company  from  time to time.

"Business"  has  the  meaning  set  forth  in  the  'Preliminary  Statements'

"Code  of  Conduct"  means  that  document  appended  hereto  as  Exhibit  2.

 "Confidentiality"  has  the  meaning  set  forth  in  Section  8.

"Engagement"  means the engagement of the Consultant for the Term by the Company
pursuant  to  this  Agreement.

"Event  of  Default"  has  the  meaning  set  forth  in  Section  12.

"Exhibit"  means  an  exhibit  to  this  Agreement.

"Consultant's  Domicile"  has  the  meaning  set  forth  in  Section  5.

"Consultant  Invention"  means  any  idea,  invention,  technique, modification,
process,  or  improvement  (whether  patentable  or  not), any industrial design
(whether  registrable  or  not)  and  any  work  of  authorship  (whether or not
copyright protection may be obtained for it) created, conceived, or developed by
Consultant,  either  solely or in conjunction with others, during the Term, or a
period  that  includes  a portion of the Term, that relates in any way to, or is
useful  in  any  manner  in,  the  Business,  and  any  such item created by the
Consultant,  either  solely or in conjunction with others, following termination
of  Consultant's  employment  with  the  Company,  that  is  based  upon or uses
Confidential  Information.

"Salary"  has  the  meaning  set  forth  in  Section  6.

"Section"  means  a  section  of  this  Agreement.

"Tax"  or  "Taxes"  has  the  meaning  set  forth  in  Section  7.

"Term"  has  the  meaning  set  forth  in  Section  3.

"Territory"  means  that  geographic  area  that  the  Company  is  has business
activities.

SECTION  2  -  ENGAGEMENT

     For  and  during  the  Term,  and  subject  to  the  terms  and  conditions
hereinafter set forth, the Company hereby appoints the Consultant to perform the
duties set out herein and the Consultant agrees to procure that Dr David Robson,
of  Concordia,  Montville  Road,  St.  Peter  Port,  Guernsey,  GY1 1BQ, Channel
Islands,  shall  serve  as the Chief Executive Officer and Managing Director for
the  Company.  For  the purposes of this Agreement "CEO" shall be deemed to mean
Dr  David Robson, acting in the capacity of Chief Executive Officer and Managing
Director  of  the  Company.  The  Company  agrees  that  for the purposes of the
Company's  length of service definitions, and for benefit schemes, including the
Company's  stock  option  plans  etc.,  Dr  David  Robson will be deemed to be a
"consultant"  of  the  Company,  and  that such "consultancy" began on 1st March
1997, when the Consultant began the provision of services to a subsidiary of the
Company.

SECTION  3  -  TERM

     This  Agreement  shall  commence June 30, 2000 and shall terminate upon the
earliest  to  occur  of  (i)  Three  (3)  years  from  the date hereof, with the
possibility of extension  subject to mutual agreement, (ii) the mutual agreement
of  the  parties  hereto  to  terminate this Agreement, (iii) the liquidation or
dissolution  of the Company, or (iv) the occurrence of an Event of Default.  The
period  during  which  this Agreement is in effect shall be known as the "Term".

SECTION  4  -  DUTIES

     During  the  Term,  Consultant  will  procure  that  the  CEO  will:

     (A)     perform  to  the  best  of  his  ability  all  the  duties of Chief
Executive  Officer  and  Managing  Director including, without limitation, those
duties  specified  in Exhibit 1 and such other functions, being not inconsistent
with  his position as Chief Executive Officer and Managing Director as the Board
may  require;

     (B)     comply  promptly  with all lawful directions and instructions given
by  or  with  the  authority  of  the  Board;

     (C)     whenever  so required for the proper fulfilment of his duties, work
without  further  remuneration  in  excess  of  the  normal hours of work of the
Company  which  are  from  9  a.m.  to  5  p.m.  from  Monday  to  Friday;  and

     (D)     attend  and  act at any premises of the Company situated in Europe,
and travel and act  in the Territory and such other locations as may be required
for  the proper fulfilment of his duties, provided such locations are deemed, in
the  reasonable opinion of the Consultant, to be free from risk of kidnap, civil
insurrection,  war,  or  other  bodily  risk.

SECTION  5  -  VACATION/  OVERTIME/SICKNESS/  INJURY/  RESIDENT  BASE  /POINT OF
               ORIGIN/EXPENSES

VACATION.

In  addition  to Bank and other Public holidays the CEO  shall be entitled to 25
working days holiday in every calendar year to be taken at such time or times as
may  be  approved  by  the  Company.  If  the  full vacation is not taken during
calendar  year,  the  vacation  will  accumulate  thereafter.  The  CEO  will do
everything  in  his  power to take the full vacation each year.  In the event of
extended  work  during weekends or Bank and other Public holidays, the CEO shall
be  able  to  take  and  equivalent time of additional leave in lieu, this to be
taken  as  soon  as  is  possible  after  the  event.

PAYMENT  DURING  SICKNESS/INJURY.

(A)     If  the CEO is  unable to attend at work by reason of sickness or injury
        or other  unauthorised  reason the CEO must notify (if possible) a Board
        member or other representative at his place of work not later than 11.00
        am on the first  day of absence and, in the case of absence of uncertain
        duration, the CEO must  keep  an appropriate person at his place of work
        regularly informed of the reason  for  your continued  absence  and  his
        likely  date  of  return.

(B)     If  the  CEO's  absence is due to sickness or injury which continues for
        more  than  seven consecutive days (whether or not working days) he must
        provide the  Board with a doctor's statement from the eighth consecutive
        day of sickness or  injury.

(C)     Immediately  following  the  CEO's  return  to  work after any period of
        absence the CEO will  be   required  to  complete  a  self-certification
        form available  from  his  place  of  work.

(D)     If  the CEO's absence is due to sickness or injury, the Company will pay
        any Statutory Sick Pay (S.S.P) in accordance with any relevant statutory
        provisions in the Consultant's Domicile.  For S.S.P purposes, qualifying
        days are  Monday  to  Friday  inclusive.

(E)     In  addition,  in  the  event  of  the CEO being absent from work due to
        sickness  or  injury,  the  Company  will  pay  sick  pay  as  follows:-

        a.     The Fees, minus any  S.S.P paid to the Consultant by the Company,
               and  minus  any other State  sickness benefit  recoverable by the
               CEO, will be paid in full for  the first 10 weeks' absence in any
               twelve  month  period;

        b.     Thereafter,  one  half of the  Fees,  minus any S.S.P paid to the
               Consultant by  the  Company,  and  minus any other State sickness
               benefit  recoverable  by the  CEO, will be  paid for a further 10
               weeks' absence in the same twelve month period.

        c.     After a total period of 20 weeks absence in the same twelve month
               period, then provisions of the  sickness and disability insurance
               cover to be arranged by the Company for the CEO  (as  in  Section
               6  of the Agreement) shall apply.

RESIDENCE  AND  POINT  OF  ORIGIN

For  the purpose of this Section 5, the Consultant's Domicile shall refer to the
CEO's  place  of  habitation  and  shall be located in Guernsey, Channel Islands
("Residence")  and  the  point  of origin shall be the same ("Point of Origin").

The  Company  shall  provide,  at  its  cost,  a small office with all necessary
equipment and services for the CEO and Consultant to carry out their duties, and
provide for the employment of a suitable Personal Assistant (PA) at the Point of
Origin  Suitable  accommodation for Consultant will be provided at the Company's
expense for time spent away from Point of Origin.  Any travel for the Consultant
or  CEO  on  Company  business  will  be  provided  by  the Company or any costs
re-embursed  to  the Consultant in full, and shall be at an appropriate class of
travel  and  accommodation  consistent  with  the  CEO's  position, and with the
requirements  of  the  duties.

EXPENSES

The  Company  shall  reimburse  to  the  Consultant  all  out-of-pocket expenses
properly incurred by the Consultant and the CEO in the course of the Engagement.
No  expenses  shall  be  reimbursed,  however,  unless  they are incurred in the
ordinary  course  of  business  and are supported, where possible by receipts or
other  appropriate  justification.

SECTION  6  -  REMUNERATION

The  Company  shall  pay  the  following  to the Consultant for the Appointment:

(a)     A  Fee  to  be  paid in the Channel Islands ("Channel Islands") for work
        performed in the amount of Twelve Thousand  Five Hundred POUNDS STERLING
        (12,500)  per  calendar  month to be paid in  advance on the 1st of each
        month  for the  duration of the Term.  These Fees  shall be  paid to the
        Consultant either by cheque,  or  by bank transfer, with  the full value
        of  the  Fees  being received  at the Consultant's bank.  The Consultant
        will advise of bank details from time to time.

(b)     The  Company  will  also  pay  at  the  same  time as the Fees a monthly
        contribution to the Consultant for the CEO's pension requirements, equal
        to nine per  cent  (9%) of the  Consultants Fees  (not including Bonus).
        Consultant  would also  be  provided with a insurance  policy that would
        cover the CEO for a minimum of  (a) life insurance with death cover of 4
        times the annual Fees(not including Bonus), (b) sickness  and disability
        benefits (permanent health insurance) and (c) comprehensive BUPA  Travel
        Insurance.

(c)     The  Company  will also  award the  Consultant a  Bonus as  described in
        Exhibit 3. Adjustment  of the remuneration  package during the Term will
        Be  in  an  upwards  direction  only  and  be  based  on  the  Company's
        Compensation  Committee determination and  on the  same  criteria as the
        Company's executive team. The  remuneration  is  denominated  in  Pounds
        Sterling.

SECTION  7  -  TAX  COMPLIANCE

(a)Compliance  with  Tax  Laws.  The Company will use its best efforts to comply
with  all  laws,  rules  and  regulations  pertaining  to  the  reporting of the
compensation  and  reimbursable expenses attributable to Consultant's Engagement
in  the  Territory.

(b)Consultant's  taxes.  The  Consultant  is  responsible  for  his  own  taxes.

SECTION  8  -  CONFIDENTIALITY

During  the Term of this Agreement and at all times thereafter, Consultant shall
hold  in  strict  confidence, and shall not disclose to any person or entity any
labelled  Confidential  Information  of  the  Company.  For the purposes of this
Section 8, the term "Confidential Information" shall include without limitation,
trade  information relating to the Company research and development, engineering
data,  seismic  data,  surveys, specifications, process formulations, production
operations  or  techniques,  planning, purchasing, accounting, finance, selling,
marketing,  market  research, promotional plans, customers, suppliers, and other
information  of  a  similar  nature  which may include design specifications and
know-how, in which the Company or its suppliers or distributors have proprietary
interests,  and  all other information pertaining to the business of the Company
that  is  not  publicly  available.  Consultant  shall  not  use  such  labelled
Confidential  Information  except  for  the  sole  benefit  of  the  Company.

SECTION  9  -  PROPERTY  OF  THE  COMPANY

Promptly  upon  the termination of this Agreement, Consultant shall surrender to
the  Company  all  written materials (and all copies), all information stored in
computer  memories or on microfiche, magnetic tape or diskette , that are at the
time  in  his  direct  or indirect possession or control and that pertain to the
business  or  affairs  of  the  Company.

SECTION  10.     INVENTIONS

a)      The  Consultant  will  disclose  and  deliver to  the  Company  for  the
        exclusive  use  and benefit  of  the Company  any inventions as a direct
        result of the work performed for the Company, promptly upon the  making,
        devising or discovering of the  same, and  will give all information and
        data in his possession as to the exact  mode  of working,  producing and
        using  the same  and  also all such explanations and instructions to the
        Company as may  in  the  view of  the Board  be necessary to  enable the
        full  and effectual  working, production or  use of the same and will at
        the  expense of  the  Company  furnish  it  with  all  necessary  plans,
        drawings,  formulae  and  models.

b)      The  Consultant will  at  the  expense of the Company execute and do all
        acts, matters,  documents  and  things  necessary  to enable the Company
        or its nominee  to apply  for  and  obtain protection for the Inventions
        in any or all countries  and to vest title thereto in the Company or its
        nominee absolutely.

c)      During  the  Appointment and at all times thereafter the Consultant will
        (whether  by omission or commission) do nothing to affect or imperil the
        validity of the protection for the inventions obtained or applied for by
        the  Company or its nominee  pursuant  to section 10 (b). The Consultant
        will at the direction and expense  of the  Company render all assistance
        within his power and capacity to obtain  and  maintain  such  protection
        or application or any extension thereof.

d)      Nothing  in  this Agreement  shall  oblige the Company to seek patent or
        other  protection  for any invention  nor to exploit  any Invention. The
        Company has to  claim  its  wishes to seek the patent within 3 months of
        The  presentation  of  any  possible  patent  application  or  invention
        presented  by  the Consultant. If  the Company  refrains  to  claim  its
        interest,  the  Consultant  is  free  to  proceed to apply  in  his  own
        interest  the use of the invention for whatever purposes he decides.

SECTION  11.     COVENANTS  AGAINST  COMPETITION

a)      During  the  Term, the  Consultant has a duty of loyalty to the Company.
        This  duty  of loyalty requires that during the Term all of Consultant's
        Actions be taken with a view toward and for the purpose of advancing the
        Interest  of the  Company. Consultant  agrees to act in  accordance with
        Consultants duty of loyalty during  the  Term. In particular, Consultant
        Will  take no  action during the Term to  interfere  with  or  adversely
        Affect  willingly and  purposely the  Company's relationship  with  then
        existing  or  prospective  customers,  clients,  suppliers,  co-venture,
        lenders, consultants, and professional advisers or otherwise to harm the
        interest  of  the  Company.

b)      During  the  Term,  and  for a period of two years following the date of
        termination  of  this  Agreement,  Consultant  shall  not  directly  or
        indirectly induce any Consultant of the Company to  terminate his or her
        employment, hire by direct approach any Consultant of the Company, or in
        any  way  interfere  with  the  relationship  of  the  Company  and  any
        Consultant,  agent  or representative;

c)      For  a  period  of  two years  following the date of termination of this
        Agreement,  Consultant  shall  not  directly  or indirectly  solicit  or
        Otherwise divert or  attempt  to divert  from  the Company  any Business
        or any related business:

        (i)     which is being conducted by the Company pursuant to any contract
                in existence  during  the  Term,  or

        (ii)    which may be conducted  by the Company pursuant to any extension
                or renewal of a  contract  in  existence  during  the  Term,  or

        (iii)   which  was  the  subject  of  negotiations  between  the Company
                and a  potential  customer  or  client during the  Term in which
                negotiations Consultant participated or was in any way involved.

d)      at  no  time, whether  during  the  Term or at any time thereafter shall
        Consultant use the name "CanArgo" or any name likely  to cause confusion
        therewith  in  the minds  of members of the public for the purposes of a
        business similar  to  or competing  with any business  carried on by the
        Company  whether  by  using  such  name  as  part of  a  corporate  name
        otherwise.

SECTION  12  -  TERMINATION  FOR  EVENT  OF  DEFAULT

        Notwithstanding  the  provisions above,  the Company may  terminate  the
Engagement  by  notice  with  immediate  effect for any of the following reasons
(each  an  "Event  of  Default"):

        (A)     the  Consultant  is  guilty  of  dishonesty  or  of  misconduct,
                including, without limitation, a material breach of the Code  of
                Conduct, or gross incompetence or wilful  neglect  of  duty,  or
                Consultant  commits  any  material  breach  of  this  Agreement,
                including, without  limitation, a  breach of the Confidentiality
                Agreement, other than a breach which is capable of remedy and is
                remedied forthwith by the  Consultant at the Company's  request;
                or

        (B)     the Consultant is  convicted of  a  serious criminal offence; or

        (C)     the Consultant  becomes  bankrupt, declares  himself  insolvent,
                applies  for, or  has made against him, a receiving order, makes
                any  composition  with  his  creditors  or  commits  an  act  of
                bankruptcy (as defined under any law with jurisdiction over  the
                Consultant);  or

        (D)     the Consultant is incapacitated  for twenty-six (26) consecutive
                weeks, or for an aggregate of  thirty-nine (39) weeks during any
                period of fifty  two  (52)  consecutive  weeks,  from performing
                the duties of the Engagement; or

        (E)     the Consultant becomes mentally  unfit  to  perform  his duties.

SECTION  13  -  DISCIPLINARY  RULES;  GRIEVANCE  PROCEDURES;  HEALTH  AND SAFETY

        (A)     Consultant  acknowledges by the execution of this Agreement that
                he  has  received  a copy  of Company's  Disciplinary  Rules and
                Grievance Procedures as well  as  the Company's Policy on Health
                And  Safety  at Work and  is familiar  with the  terms  of  both
                documents.

        (B)     Consultant  shall  at  all   times  during  the  course  of  his
                Engagement  conduct himself  in the  conformity with the laws of
                Guernsey  and shall otherwise perform  his duties hereunder in a
                professional   and  responsible  manner.  Without  limiting  the
                generality  of  the  foregoing, as  a condition  to Consultant's
                Engagement,  Consultant   shall  execute  the  Code  of  Conduct
                appended hereto as Exhibit  2 and  shall be obligated to conduct
                himself in accordance therewith.

SECTION  14  -  POST-TERMINATION  PROVISIONS

        Any  provision  of  this  Agreement  which  contemplates  or  is capable
of operation after the termination of the Engagement shall apply notwithstanding
termination  of  the  Engagement  for  whatever  reason.

SECTION  15  -  CONSULTANT'S  REPRESENTATIONS  AND  WARRANTIES

        Consultant  represents  and  warrants  to  the  Company  (i)  that  this
Agreement  constitutes  a  valid  and  binding  obligation, enforceable  against
Consultant in accordance  with  its terms; (ii) that  neither  the execution  or
delivery  of  this  Agreement nor the performance by Consultant of any covenants
hereunder will constitute a default under any contract, agreement or  obligation
to which Consultant is a party or  by  which Consultant  or any of  Consultant's
properties  is  bound; (iii) that there  are no  lawsuits,  arbitration  actions
or  other proceedings (equitable, legal, administrative or otherwise) pending or
( to  the  best  of  Consultant's  knowledge )  threatened which could adversely
affect  the  validity  or  enforceability  of  this  Agreement  or  Consultant's
obligation  or  ability  to  perform  his  obligations  hereunder; and (iv) that
no consent, approval or authorization of, or notification  to,  any governmental
entity  or any person  or  entity is required  in connection with the execution,
delivery or performance of this  Agreement  by  Consultant.

SECTION  16  -  NOTICE

        Any notices  or other communications  required  or permitted to be given
hereunder or  otherwise in connection  herewith shall be in writing and shall be
sent  to the  parties  at  the following addresses or at such other addresses as
shall be specified by  he  parties  by  like  notice:

To  the  Company:       CanArgo  Energy  Corporation
                        Suite  1580,  727  7th  Avenue
                        Calgary,  Alberta  T2P  0Z5  Canada
                        Telephone:  +1  403  777  1185
                        Facsimile:  +  1  403  777  1578

With  a  copy  to:      Company's  legal  counsel
                        address  to be  advised by the Company to the Consultant

To                      Consultant:     Vazon  Energy  Limited
                        PO  Box  291
                        St  Peter  Port
                        Guernsey  GY1  3RR
                        Channel  Islands
                        Telephone:  +44  1481  729  980
                        Facsimile:  +44  1481  729  982

With  a  copy  to:      Dr  David  Robson
                        Concordia
                        Montville  Road
                        St  Peter  Port
                        Guernsey  GY1  1BQ
                        Channel  Islands
                        Telephone:  +44  1481  720  248
                        Facsimile:  +44  1481  728  982

        Such notices or  other communications  shall be deemed to have been duly
given  and  received  (i)  on  the  day of sending if sent by personal delivery,
cable,  telegram,  ,  (ii) on the third calendar day after the day of sending if
sent  by  facsimile  transmission  or  telex  ,Federal Express or  other express
delivery service or (iii) on the fifth  calendar day after the day of sending if
sent  by  registered  or certified  mail (return  receipt  requested).

SECTION  17  -  AMENDMENTS

        Any  amendment to the  provisions of  this Agreement shall be in writing
and signed by the parties hereto   or  their   duly authorized representatives.

SECTION  18  -  SEVERABILITY

        If  any provision of  this Agreement is held invalid or unenforceable by
any  court  of  competent  jurisdiction,  the other provisions of this Agreement
will  remain  in  full force and effect.  Any provision  of this Agreement  held
invalid  or  unenforceable  only in part or  degree will  remain  in  full force
and effect to  the  extent not  held  invalid  or unenforceable.

SECTION  19  -  NO  WAIVER

        The  failure to  enforce at  any  time  any of the  provisions  of  this
Agreement  or to  require at any  time performance  by  the  other  party of any
of the  provisions hereof  shall in no way  be  construed to be a waiver of such
provisions or to  affect the validity of this Agreement, or any part thereof, or
the right of  either party thereafter to enforce each  and every such  provision
in accordance  with  the  terms of this Agreement.

SECTION  20  -  ENTIRE  AGREEMENT

        This Agreement contains the  entire  agreement  between the parties with
respect  to  the  Engagement of Consultant by the Company and supersedes any and
all prior understandings, agreements  or correspondence between the parties. The
Exhibits  to  this  Agreement  form  an integral  part of  this  Agreement.

SECTION  21  -  GOVERNING  LAW

        This Agreement shall be governed by, and interpreted in accordance with,
the  laws  of  England.

SECTION  22  -  DISPUTE  RESOLUTION

        (A)     The  parties  agree  that  if any dispute  or claims  arises  in
                relation to the  Agreement, representatives  of each party shall
                negotiate promptly and in good  faith  in an  attempt to resolve
                the  matter  between  themselves.

        (B)     If  the parties  are  unable  to resolve any dispute pursuant to
                clause 22(A) above, the matter  shall  be referred  to mediation
                in accordance with procedures  laid  down  from  time to time by
                the  Centre for  Dispute Resolution  ("CEDR") within thirty (30)
                days  on  one  party  giving  notice to the other  that, in  its
                reasonable  opinion, no  agreement  will  be  reached  by  them.

        (C)     If  having followed  the process set out in clause 22 (A) and 22
                (B) , the  parties  have  failed  to  resolve  their dispute  or
                settled  their claim,  then the  parties  shall  submit  to  the
                exclusive  jurisdiction  of the English courts.

SECTION  23-  ASSIGNMENT

        Neither this Agreement  nor any  right,  remedy, obligation or liability
arising  hereunder  or by reason hereof  may be assigned or  delegated by either
the Consultant or  the Company without the  prior written consent of the other .

SECTION  24  -  INTERPRETATION

        All  references to  Sections and  Exhibits are to  sections and exhibits
in or to this Agreement unless otherwise specified. The words "hereof", "herein"
and "hereunder"  and words of similar import  when used  in this Agreement shall
refer to  this  Agreement  as a  whole  and  not to any Particular  provision of
this Agreement.  Where the context permits, the singular includes the plural and
vice versa and one gender includes any gender.

SECTION  25  -  MONETARY  TERMS

        All  amounts  expressed in pound  sterling or "pounds sterling " in this
Agreement shall mean pound  sterling  in  the  United  Kingdom.

SECTION  26  -  COUNTERPARTS

        This  Agreement may  be executed in  several counterparts, each of which
shall be deemed an original but  all  of which shall constitute one and the same
instrument.

IN  WITNESS  WHEREOF,  this  Agreement  is  executed  on  29 June  2000, and is
effective  as  of  30th  June  2000.

CANARGO  ENERGY  CORPORATION

By:             /s/ Nils Trulsvik
         Name:  Nils Trulsvik
         Title: Director

VAZON  ENERGY  LIMITED

By:             /s/ David Robson
         Name:  Dr. David Robson
         Title: Managing Director
                                     EXHIBIT 1

                          SPECIFIC DUTIES OF CONSULTANT

Vazon  Energy  Limited (the "CONSULTANT") shall, in accordance with Article 1 of
the  Management  Services  Agreement  entered  into  between  the Consultant and
CanArgo  Energy  Corporation.  (the "COMPANY"), provide the Company with various
services  and  expertise  which  shall,  by  way  of example and not limitation,
include  the  following:

MANAGEMENT  SERVICES:  The  Consultant  will  provide  DAVID ROBSON as the Chief
Executive  Officer  and Managing Director of the Company that shall have general
supervision,  direction and executive control of the business and be responsible
for  all  operational  and  financial  aspects  of  the  Company.

                                    EXHIBIT  2

                                 CODE OF CONDUCT

POLICY

        This policy applies  equally  to  all Consultants  and management of the
Company.  All  Consultants  are  obliged  to  exercise  honesty,  integrity  and
diligence  in  their   duties  on  behalf  of  the  Company.  This   includes  a
responsibility  to  avoid activities or interests which might conflict with this
obligation,  whether  it  involves the Consultant or members of the Consultant's
family.

        Responsibility  For  Handling Company Funds. Consultants who have access
to  Company  funds  in  any form  must  know and follow  Company  procedures and
practices  for  handling  and protecting  these  funds.  If an Consultant's  job
requires him or  her to make adjustments to bills,  spend Company funds or incur
personal   expenses   to  be   later   reimbursed,  it  is   that   Consultant's
responsibility to ensure that the  Company  gets  good  value  for  every dollar
that  is  spent.

        Secret or  undisclosed  compensation or  commission to anyone, including
Other Consultants  or  Consultants,  is  strictly  prohibited.

        When  money is owed to the Company, as in refunds for transportation, it
Is  the Consultant's duty to notify the  proper person.  Company funds are to be
Used  for  business  purposes only and  never  for  the  personal  benefit  of a
Consultant.

PREPARATION  AND  MAINTENANCE  OF  COMPANY

Records

        Accurate, reliable  records of  many  kinds  are necessary  to  meet the
Company's  legal  and  financial  obligations,  and to manage the affairs of the
business. Purchase Orders, Work reports, receipts, invoices, payroll records and
other  similar  records  must  be  factual  and  complete.

        No  record  entry,  voluntary  omission or  other  subterfuge,  such  as
Deferral of  payment,  may  be  made  with the intent of obscuring or disguising
the true nature  of  a  transaction  on  the  Company's  books.

        Knowingly falsifying data entered on any record, memorandum, performance
measurement  or  any  report  is  considered  a  serious  breach  of  this Code.

PROTECTION  OF  COMPANY

Property

        All  Consultants are responsible for the  protection of Company property
used in  carrying  out  their  duties, including taking  reasonable  measures to
prevent theft  or  damage.  Equipment,  tools  and  upplies  are to be used only
in the  Company's interest.  Company property must  not be  taken, sold, loaned,
destroyed or  given  away  without  prior  authority.

CONFLICTS  OF  INTEREST

        Conflict  of  interest refers  to a  situation  in which a  Consultant's
private interests  may  affect  or  be  detrimental to the best interests of the
Company. Consultants  must  avoid  circumstances  which  would:

* knowingly  involve them in any  illegal or improper activity relating to
  the Company's  affairs;
* impair  their  judgement,  initiative or  efficiency  in the  job;  or
* be  harmful  or  detrimental  to  the  Company's  activities or reputation.

A  Conflict  of  Interest  includes  those  situations where an Consultant:

1.      has an outside interest which prevents them from fully  performing their
        duties  for  the  Company;

2.      has a direct or indirect interest in, or relationship with, an outsider,
        or  with a  person  in  a position to  influence  the  actions  of  such
        outsiders that might:
        a.      make  possible   personal  gain  or  favour  to  the  Consultant
                involved, or any of  their  near  relatives;
        b.      cause  the Consultant to favour the interests of an outsider for
                personal reasons or  in  some  manner inhibit  the  Consultant's
                impartiality;
        c.      place   the   Consultant  in   an  embarrassing   or   ethically
                questionable position in the eyes of the public or any  external
                organizations;  or
        d.      reflect  unfavourably  on  the  integrity  of  the Consultant or
                Company;

3.      makes  use of  Company  information  to  the  personal  benefit  of  the
        Consultant  or  any   of  their  relatives  by   making  available  such
        information to  outside  interests;  or uses  the information to further
        their interests or those of  their  family;

4.      has  a direct  or indirect relationship which is actually or potentially
        detrimental  to  the  Company's  best  interests;

5.      engages  in a  business  transaction  on  behalf  of  the Company with a
        relative or with a firm in  which  the  relative is a principle, officer
        or representative;

6.      has  other  gainful  employment  such as sales, consultation, operation,
        maintenance,  repair, design,  construction or  installation  that is in
        competition with  or  offers the same  services as the Company. The term
        "gainful employment"  includes  personal  effort, direction, training of
        other persons, or consultation or  advice for any  form of remuneration.
        The Company  accepts that the Consultant  may  have  other unrelated and
        non-conflicting  contracts,  provided  that these  do  not  prevent  the
        Consultant from fully  performing its duties for the Company;

7.      provides  to the  Company for their personal gain, work, supplies or any
        service, or engages in  any other business transaction with the Company,
        in addition  to  their  normal  employment  with  the  Company;

8.      has  a  relationship  with  a superior  or subordinate  which  leads  to
        personal  gain  or  favour  to  the  Consultant  involved, or his or her
        relatives resulting from  the  superior's  influence;  or

9.      accepts  gifts  or benefits  of any  kind from  a supplier  or any other
        person or business which has or may  have  dealings  with  the  Company.

DEFINITION  AND  RESOLUTION

        It is difficult to  define  every  circumstance  that  could result in a
conflict  of  interest.  Consultants should always depend on sound judgement and
moral  integrity  in  assessing  such  situations.

        Questions of  ethical conduct can  usually  be  resolved  in  making the
situation  known  to  your  Supervisor  and  seeking  approval  to  proceed.

I, David Robson, do hereby acknowledge and agree to abide by and
    (PRINT  NAME)
comply  with  this  Code  of  Conduct.

Dated June 29, 2000 at St. Peter Port, Guerensey, Channel Islands.

/s/Dr. David Robson
Consultant  Signature

                                    EXHIBIT 3

                                      BONUS

A  cash  bonus (the "Bonus") will be paid to the Consultant based on increase in
cash  flow  from calendar quarter to calendar quarter as reported by the Company
in  its  Quarterly  Reports  (10Q  and  10K).

The  first Bonus shall be payable within one month of the release by the Company
of  its  Quarterly Report (10Q) covering the period July to September 2000, with
subsequent  Bonuses being paid within one month of the release by the Company of
each  subsequent  Quarterly Report (10Q), or Annual Report (10K) as appropriate,
and  with  the  last  bonus  being  paid  within one month of the release by the
Company  of  its  Quarterly Report (10Q) covering the period April to June 2003.
As  such  there  will  be  twelve  (12) Bonus periods covered by this Agreement.

"Cash  Flow  "  (CF)  shall  be  defined  as Operating Income plus Depreciation,
Depletion  and  Amortisation,  and  plus  Equity  loss  from  investments  in
unconsolidated  subsidiaries  (as  defined  in  the  appropriate  10Q  or 10K's)

The  following  equation  will  be  used to define the Bonus ("Bonus Equation"):

          B=(CF  FOR  CURRENT  QUARTER  -  CF  FOR  PREVIOUS  QUARTER)*P

B:                 Bonus  for  that  Quarter
CF:                Cash  Flow  [if  negative  equals  zero]
Current Quarter:   Quarter  just reported ( commencing Quarter July to September
                   2000)
Previous  Quarter: Previous  Quarter  reported (commencing Quarter April to June
                   2000)
P:                 Percentage  allocated  to  Bonus  (two and one half per cent-
                   2.5%)

The  maximum  Bonus  payable  for any Quarter will not exceed the total Fees for
that  Quarter  (converted  to US dollars using the average Pounds Sterling to US
dollar  exchange  rate  for that Quarter), and will be calculated by the Company
and  paid  in  US dollars into a bank account nominated by the Consultant within
one  month  of  the  release  of  the  appropriate  Quarterly  Report.

In  the event that an increase in Cash Flow for a given Quarter is due all or in
part  to  the  acquisition  by  the  Company during that Quarter of an entity or
interest  which  is  itself  providing  Cash Flow (as defined above) during that
Quarter,  in  addition to the Cash Flow being provided by the Company's existing
business,  and  where such an acquisition is purchased by the Company through an
issue  of  common  shares in the Company ("Share Purchase Acquisition"), then an
adjustment  (the  "  SPA  Adjustment") will be made to the Cash Flow used in the
Bonus  Equation,  for that Quarter only, whereby for the purposes of calculation
of  the  Bonus,  the Bonus for that Quarter will be based on the increase in the
Cash Flow of the Company's pre-existing business, excluding the direct effect on
Cash  Flow  of  the  Share  Purchase  Acquisition.  In the Quarter following and
subsequent  Quarters,  the  calculation  of  the Bonus will revert to the normal
Bonus  Equation,  as shown above.  The SPA Adjustment will be made in a fair and
equitable  manner,  and  in  the event that a Share Purchase Acquisition is made
which significantly enhances Cash Flow, but is purchased with a number of shares
which  represent a significant discount to the value of the additional Cash Flow
provided by the Share Purchase Acquisition, then this will be taken into account
in  a  positive  manner in the assessment of any SPA Adjustment to apply, and in
the  level  of  the  Bonus.

In  the event that the Consultant disputes the calculation of the Bonus, then an
independent  auditor  will  be appointed to verify or otherwise the calculation.

Example  1

CF  (Jan  -  March)  =  $1,500,000
CF  (April  -  June)  =  $2,000,000
B  =  $12,500

Example  2

CF  (April  -  June)  =  $2,000,000
CF  (July  -  September)  =  $5,000,000
B  = $56,250 (capped at equal to the Quarterly fees of  37,500 - converted at an
example  of  the average quarter's  :$ exchange rate of 1.5 - the uncapped Bonus
would  have  been  $75,000)

Example  3

CF  (April  -  June)  =  $500,000
CF  (July  -  September)  =  $-500,00
B  =  $0

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00017-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00017-of-00352.parquet"}]]