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APPENDIX B
AMENDMENT TO THE JOA
AMENDMENT 1 TC
THE INTERNATIONAL OPERATING AGREEMENT
WITH RESPECT TO THE PERMIT H CONVENTION AGREEMENT DATED
FEBURARY 23, 1999
REPUBLIC OF CHAD
BETWEEN
CLIVEDEN PETROLEUM CO. LTD.
AND
CNPC INTERNATIONAL (CHAD) CO., LTD.
AND
SOCIETE DES HYDROCARBURES DU TCHAD
DATED, 2009
TABLE OF CONTENTS
1. DEFINITIONS............................................................................................................................................3
2. REPRESENTATIONS, WARRANTIES AND COVENANTS..............................................................3
3. AMENDMENTSTOTHE JOA................................................................................................................3
4. RATIFICATION........................................................................................................................................5
5. GOVERNINGLAW...................................................................................................................................5
6. ENTRY INTO FORCE..............................................................................................................................6
THIS AMENDMENT 1 TO THE INTERNATIONAL OPERATING AGREEMENT
WITH RESPECT TO THE PERMIT H CONVENTION AGREEMENT is made on this
, 2009
BETWEEN:
1. CLIVEDEN PETROLEUM CO. LTD., a company registered under the laws of the
British Virgin Islands ("Cliveden"), represented by Mr. Ye Xiandeng duly empowered
for the purposcs hereof;
AND
2. CNPC INTERNATIONAL (CHAD) CO., LTD., a company registered under the
laws of Bermuda ("CNPCIC"), represented by Mr. Ye Xiandeng duly empowered for
the purposes hereof;
AND
3. SOCIÉTÉ DES HYDROCARBURES DU TCHAD, a company registered under
the laws of the Republic of Chad ("SHT"), represented by Mr. Ahmat Khazali Acyl
duly empowered for the purposes hereof;
Each of Cliveden, CNPCIC and SHT being referred individually to as a "Party", or
collectively as the "Parties".
WHEREAS:
A. Cliveden and the Republic of Chad (the "State") entered into a Convention for
Exploration, Exploitation and Transportation of Hydrocarbons between the Republic
of Chad and the Consortium Cliveden Petroleum Co. Ltd, dated 23 February 1999
(the "Convention");
B. On 16 March 2001, the State passed a decree No. 160/PR/MMEP/2001 granting
Cliveden a hydrocarbon exploration permit in respect of the Permit H Area (as
defined therein) (the "Permit H");
C. On 26 February 2002, Cliveden transferred a fifty percent (50%) participating interest
in and to the Convention and Permit H to AEC International (Chad) Ltd. (the
"Transfer Agreement");
D. The Transfer Agreement was approved by the Minister of Mines, Energy and
Petroleum of the Republic of Chad on 26 February 2002;
E. On 19 April 2002, AEC International Chad Ltd. was renamed EnCana International
(Chad) Ltd.;
F. On 8 December 2006, CNPC International (Chad) Ltd. ("CNPCIL") signed a share
purchase agreement to acquire the entire share capital of EnCana International (Chad)
Ltd. and the latter was renamed CNPC International (Chad) Co., Ltd. that holds a
fifty percent (50%) participating interest in and to the Convention and Permit H;
G. Cliveden and CNPCIC (the "Consortium"), two wholly-owed affiliâtes of CNPCIL
(together, the "CNPC Group") are the legal and bénéficiai owners of the entire
participating interests in, to and under the Convention and Permit H; together with
cach of their fifty percent (50%) participating interest in, to and under the
International Operating Agreement with respect to the Permit H Convention
Agreement between Cliveden and CNPCIC dated 1 January 2002 (the "JOA");
H. CNPCIL , Cliveden, CNPCIC, the State and SHT hâve, on the date hereof, concluded
a certain agreement to document the relationship between the CNPC Group, the State
and SHT in the context of the assignment and transfer, by Cliveden, of a ten percent
(10%) participating interest in and under the Convention and the JOA (the "Assigned
Interests"), to SHT (the "Master Agreement");
I. To this end, Cliveden and the SHT hâve, on the date hereof, concluded an agreement
for the assignment, by Cliveden, of the Assigned Interests, to SHT (the "Assigned
Interests Agreement");
J. Pursuant to the provisions of the Master Agreement, Cliveden and SHT hâve, on the
date hereof, concluded a certain agreement to document the obligations of Cliveden to
fund, bear and pay for SHT's participating interest share of certain costs, expenses and
liabilitics under the Convention and the JOA, subject to the ternis and conditions
specified therein (the "Carry Agreement");
K. Pursuant to the provisions of the Master Agreement, the State, Cliveden, CNPCIC and
SHT hâve, on the date hereof, concluded a certain amendaient to the Convention to,
inter alia, acknowledge the inclusion of SHT as a member of the Consortium under
the Convention (the "Amendaient to the Convention"); and
L. Pursuant to the provisions of the Master Agreement, the Parties hereof hâve agrced to
amend the JOA under the following terms and conditions (the "Amendment to the
JOA").
THEREFORE, ITIS MUTUALLY AGREED AS FOLLOWS:
1. DEFINITIONS
Save as otherwise defined herein, capitalized terms shall hâve the meaning ascribed to
them in the JOA.
2. REPRESENTATIONS, WARRANTIES AND COVENANTS
2.1 SHT represents and warrants that:
(i) pursuant to the Assigned Interests Agreement and as provided for in the
Master Agreement, SHT will validly acquire the Assigned Interests from
Cliveden, upon the Closing Date;
(ii) pursuant to the Amendment to the Convention, SHT unconditionally assumes
the obligations and liabilities of a member of the Consortium under the
Convention as amended by the Amendment to the Convention, which
constitutes valid and binding obligations and liabilities of, and is enforceable
against, SHT; and
(iii) subject to paragraph 2.3 below, SHT fully and unconditionally assumes the
obligations and liabilities as a Non-Operator under the JOA as amended by the
présent Amendment to the JOA, which constitutes valid and binding
obligations and liabilities of, and is enforceable against, SHT.
2.2 SHT obligations and liabilities under paragraph 2. l(ii) above shall be subject to, and
therefore limited to, the carry obligations undertaken by Cliveden under the Carry
Agreement.
2.3 SHT covenants that it shall defend and indemnify CNPCIC and Cliveden from any
adverse claim made against CNPCIC and/or Cliveden arising in connection with (i)
the assignment, by Cliveden, of the Assigned Interests, to SHT; and (ii) the
conclusion, by SHT, of the présent Amendment to the JOA.
3. AMENDMENTS TO THE JOA
On the Closing Date, SHT shall become a party to the JOA, as amended by this
Amendment to the JOA, and the following modifications shall be made to the JOA:
3.1 Parties
The Parties to the JOA shall be the Parties to this Amendment to the JOA.
3 f-
3.2 Définitions
The existing Articles 1.7 to 1.10 inclusive shall be removed and replaced with the
following:
"1.7 Area means the lands set forth and described as such in Exhibit "B". "
3.3 Article 3.2 - Participating Interest
The existing paragraph (A) shall be removed and replaced with the following:
"The Participating Inter ests of the Parties shall be as follows:
Party Area
Cliveden 40
CNPCIC 50
SHT 10"
3.4 Article 4 - Operator
The existing Article 4.1 shall be removed and replaced with the following:
"4.1 Désignation of the Operator
CNPCIC shall be the Operator and agréés to act as such. "
3.5 Article 17 - Notices
Article 17 is amended to add:
"Cliveden
No. 6-1 Fuchengmen Beidajie
Xicheng District
Beijing
China 100034
Attention: Mr. Ye Xiandeng
Telecopy No.: +86 10 5855 1000
With a copy to:
CNPC International (Chad) Co., Ltd
B.P. 1742,
Rue 1031,
Avenue Brazza,
N'Djamena, Republic of Chad
Attention: Mr. Dou Lirong
Telecopy No.: 00235-2524491
4
CNPC International (Chad) Co., Ltd
No. 6-1 Fuchengmen Beidajie
Xicheng District
Beijing
China 100034
Attention: Mr. Ye Xiandeng
TelecopyNo.: +86 10 5855 1000
With a copy to:
B.P. 1742,
Rue 1031,
Avenue Brazza,
N'Djamena, Republic of Chad
Attention: Mr. Dou Lirong
TelecopyNo.: 00235-2524491
Société des Hydrocarbures du Tchad
B.P. 6179,
N'Djamena, Republic of Chad
Attention: Mr. Ahmat Khazali Acyl
Telecopy No.: 00235-2520729
3.6 Exhibit B - Convention Area
Exhibit B to the JOA shall be removed and replaced with the following:
[Appendix A to this Amendment to the JOA to be inserted here].
4. RATIFICATION
Ail terms and conditions in the JOA shall remain as written in ail respects, except as
amended by this Amendment to the JOA and the Parties hereby ratify, affirm, and
adopt the JOA as written and as amended herein, and the Parties accept to be bound
by the terms and conditions of the JOA as written and amended herein.
5. GOVERNING LAW
This Amendment to the JOA shall be govemed by, construed, interpreted and applied
in accordance with the laws of England, excluding any choice of law rules which
would refer the matter to the laws of another jurisdiction.
5 F
6. ENTRY INTO FORCE
This Amendment to the JOA shall enter into force at the "Closing Date"; as such date
may be defined in, and pursuant to the provisions of, the Master Agreement.
IN WITNESS WHEREOF, the Parties hâve signed this Amendment to the Convention in
five (5) original copies on the date first indicated above.
[followed by the signature page]
6
Cliveden Petroleum Co. Ltd CNPC International (Chad) Co., Ltd
Represented by: Represented by:
President of Cliveden Petroleum Co. Ltd President of CNPC International (Chad)
Co., Ltd
Mr. Ye Xiandeng Mr. Yë Xiandeng
Société des Hydrocarbures du Tchad
Represented by:
General Manager of Société des/Hydroc
du Tchad / / | \
r. Ah mat ali Acy
APPENDIX A
PERMIT H CONTRACT AREA
8
Permit H - Contract Area Summary
Area No. Contract Area Name Area (kmA2) Percentage of Contract Area
1 Sedigui Block 29.8 0.04%
2 Lake Chad 13,002.0 18.87%
3 Doseo and Salamat 15,679.0 22.76%
4 Madiago 7,864.0 11.41%
5 Bongor 26,282.0 38.15%
6 West Doba 6,036.0 8.76%
Total 68,892.8 100%
2
Permit H - Contract Area Summary Map
4
Area 1 (Sedigui Stock) - Contact Area Coordinates
Points Longitude (DMS) Latitude(DMS)
1 14° 18'00"E 14° 21'00"N
2 14° 21'00"E 14°21'00"N
3 14° 2T 00"E 14° 18' 00"N
4 14° 18' 00"E 14° 18'00"N
Current sub-permit H
*
Area 2(Lake Chad) - Contract Area Coordinates
Points Longitude(DMS) Latitude (DMS)
1 14° 37’ 30”E 14° 49’ 50”N
2 14° 37' 30”E 14° 37’30”N
3 14° 40’ 45”E 14° 37’ 30”N
4 13° 40’ 45”E 13° 39’ 30”N
5 14° 35’ 20”E 13° 39’ 30”N
6 14° 35’ 20”E 13°16’ 40”N
7 Frontier wîth Cameroon 13° 16’ 40”N
then along the frontier with
Cameroon until the frontier
XX with Niger to Point 8
8 13° 44’ 45”E Frontier with Niger
9 13°44’ 45”E 14° 29’ 45”N
10 13°46’ 45”E 14° 29’ 45”N
11 13° 46’ 45”E 14° 27’ 30”N
12 14° 02’ 30”E 14° 27’ 30”N
13 14° 02’ 30”E 14° 20’ 30”N
14 13° 59’ 15”E 14° 20’ 30”N
15 13° 59’ 15”E 14° 11’ 00”N
16 14° 02’45"E 14° 11’ 00”N
17 14° 02’45”E 14° 01’45”N
18 13° 40’45"E 14° 01’45”N
19 13° 40’ 45”E 13° 51’ 15"N
20 13° 52' 45"E 13° 51’ 15"N
21 13° 52' 45"E 13° 57' 00"N
22 14°14'15"E 13° 57' 00"N
23 14°14’ 15"E 14° 05' 45"N
24 14°27' 00"E 14° 05' 45"N
25 14°27’ 00"E 14° 37' 30"N
26 14°22'45"E 14° 37’ 30"N
27 14°22'45"E 14° 43' 00"N
28 14°20' 00"E 14° 43' 00"N
29 14°20' 00"E 14° 50 ’00"N
6
\t)
h-)
Area 3(Doseo and Salamat) - Contract Area Coordinates
Points Longitude (DMS) Latitude(DMS)
1 19° 14' 15"E 09° 33' 00"N
2 19° 14' 15"E 09° 50' 20"N
3 20° 00' 20"E 09° 50' 20"N
4 20° 00' 20"E 09° 57' 35"N
5 20° 34' 05"E 09° 57' 35"N
6 20° 34' 05"E 10° 08'25"N
7 20° 43' 30"E 10° 08'25"N
8 20° 43' 30"E 10° 16' 50"N
9 20° 59' 40"E 10° 16' 50"N
10 20° 59’ 40"E 10°21'20"N
11 Frontier with CAR 10°21'20"N
then along the frontier with
CA.R. until Point 12
XX
12 20° 01’ 15”E Frontier with CAR
13 20° 01' 15”E 09° 40' 00”N
14 20° 17’ 30”E 09° 40' 00’’N
15 20° 17’ 30”E 09° 47' 30”N
16 20° 00’ 00”E 09° 47’ 30"N
17 20° 00’ 00”E 09° 45' 00”N
18 19° 55’45”E 09° 45’ 00"N
19 19°55’45”E 09° 26’ 15"N
20 19°44’45”E 09° 26’ 15”N
21 19° 44’ 45”E 09°21’30”N
22 19° 40’30”E 09°21’30”N
23 19° 40’ 30”E 09° 18’ 00”N
24 19°27’30”E 09°18’00”N
25 19° 27' 30"E 09°21’30”N
26 19°20'30”E 09o21’30”N
27 19°20’30”E 09° 33’ 00”N
8
9
Area 4(Madiago) - Contract Area Coordinates
Points Longitude(DMS) Latitude(DMS)
1 Frontierwith Cameroon 11 ° 44' 40"N
2 15°43' 45"E 11»44' 40"N
3 15°43' 45"E 11° 16' 05"N
4 15° 36' 00"E 11° 16' 05"N
5 15° 36' 00"E 11° 09’ 45"N
6 15° 29’ 30"E 11° 09'45"N
7 15° 29' 30"E 11°04'35"N
8 15° 18' 30"E 11°04' 35"N
9 15° 18' 30"E 10° 54'55"N
10 Frontier with Cameroon 10° 54’ 55"N
then along the frontier with
XX Cameroon until Point 1
Points Longitude(DMS) Latitude(DMS)
1 16° 30’ 00"E 11° 47' 50"N
2 16°16'30"E 11° 47'50"N
3 16°16‘ 30"E 11° 45' 05"N
4 16° 11'40"E 11° 45' 05"N
5 16° 11'40"E 11° 41' 10''N
6 15° 56' 15"E 11° 41' 10"N
7 15° 56' 15"E 11° 15' 55"N
8 16° 10' 50"E 11° 15' 55”N
9 16° 10’ 50"E 11° 19' 00"N
10 16°14' 50"E 11° 19' 00"N
11 16° 14' 50"E 11° 22' 10"N
12 16° 19' 40"E 11° 22’ 10"N
13 16° 19' 40"E 11 ° 34' 00"N
14 16° 30’ 00"E 11° 34' 00"N
10
11
Area 5(Bongor) - Contract Area Coordinates
oints Longitude(DMS) Latitude(DMS)
1 15° 40' 40"E Frontier with Cameroon
2 15°40’ 40"E 09° 53' 00"N
3 16° 00’00"E 09° 53' 00"N
4 16° 00' 00"E 09° 45’ 00”N
5 17° 08' 05"E 09° 45' 00"N
6 17° 08’ 05"E 09° 35' 35"N
7 17° 30' 45"E 09° 35' 35"N
8 17° 30' 45"E 09° 30' 15"N
9 17° 38' 30"E 09° 30' 15"N
10 17° 38' 30"E 09° 22' 40"N
11 17’41’45"E 09° 22' 40"N
12 17°41'45"E 09° 13' 45"N
13 18° 06' 45"E 09° 13' 45"N
14 18° 06' 45"E 10° 00' 45"N
15 17° 47' 35"E 10° 00' 45"N
16 17° 47' 35"E 10° 08’ 25"N
17 17° 37' 45"E 10° 08' 25"N
18 17° 37' 45"E 10° 18' 45". N
19 17° 27’ 10”E 10° 18' 45".N
20 17° 27’ 10"E 10° 22'40"N
21 17° 03’ 45”E 10° 22' 40"N
22 17° 03' 45"E 10°30' 00”N
23 16° 10' 00"E 10°30’ 00”N
24 16° 10’ 00”E 10° 35’ 00”N
25 16° 05’00”E 10° 35’ 00"N
26 16° 05’ 00”E 10° 40’00’’N
27 16° 00’ 00”E 10° 40’ 00’’N
28 16° 00’ 00"E 10° 45’ 00”N
29 15° 22’ 15"E 10° 45' 00"N
30 15° 22’ 15"E 10° 40' 15"N
31 Frontier with Cameroon 10° 40' 15"N
then along the frontier with
XX Cameroon until Point 1
12
7
13
Area 6(W doba) - Contract Area Coordinates
Points Longitude(DMS) Latitude(DMS)
1 14° 29'20"E Frontier with Cameroon
2 14° 29'20"E 09° 09' 55"N
3 14° 43' 05"E 09° 09' 55"N
4 14° 43' 05"E 09° 17' 40"N
5 15° 03’ 15"E 09° 17' 40"N
6 15° 03'15"E 09° 15’ 50"N
7 15° 14' 05”E 09° 15’ 50”N
8 15° 14’ 05”E 09° 13’ 30"N
9 15° 28’ 15”E 09° 13’30"N
10 15° 28’ 15”E 08° 59’ 45”N
11 15° 35’ 00”E 08° 59’ 45”N
12 15° 35’ 00”E 08° 49’ 15”N
13 15° 37' 00’E 08° 49’ 15”N
14 15° 37' 00"E 08° 40' 35"N
15 Frontier with Cameroon 08° 40' 35"N
then along the frontier with
XX Cameroon until Point 1
14