Common use of Payment Acknowledgement Clause in Contracts

Payment Acknowledgement. (a) The Subscription Receipt Agent hereby acknowledges receipt from the Lead Underwriter, on behalf of the Underwriters, of a wire transfer of funds in the aggregate amount of $l and confirms that such funds have been deposited in a segregated account in the name of the Corporation designated as “Gran Tierra Energy Inc. - Subscription Receipts”, or as otherwise directed by the Corporation in writing, and the Subscription Receipt Agent will retain such amount in accordance with the terms of this Agreement pending payment of such amount in accordance with the terms of this Agreement. (b) The Corporation hereby: (i) acknowledges that the amount received by the Subscription Receipt Agent pursuant to Subsection 2.1(a) represents payment in full by the Underwriters of the aggregate Subscription Price for l Subscription Receipts, net of the amount contemplated by Subsection 2.1(c)(ii); and (ii) irrevocably directs the Subscription Receipt Agent to retain the amount specified in Subsection 2.1(a) in accordance with the terms of this Agreement pending payment of such amount in accordance with the terms of this Agreement. (c) On behalf of the Underwriters, the Lead Underwriter acknowledges: (i) receipt of one or more Global Subscription Receipts representing l Subscription Receipts registered in the name of CDS (or its nominee)[; and (ii) satisfaction by the Corporation of its obligation to pay the first half of the Underwriters’ Fee payable to the Underwriters pursuant to the Underwriting Agreement].

Payment Acknowledgement. (a) The Subscription Receipt Agent hereby acknowledges receipt from the Lead Underwriter, on behalf of the Underwriters, of a wire transfer of funds in the aggregate amount of $l ● and confirms that such funds have been deposited in a segregated account in the name of the Corporation designated as “Gran Tierra Energy Inc. - Subscription Receipts”, or as otherwise directed by the Corporation in writing, and the Subscription Receipt Agent will retain such amount in accordance with the terms of this Agreement pending payment of such amount in accordance with the terms of this Agreement. (b) The Corporation hereby: (i) acknowledges that the amount received by the Subscription Receipt Agent pursuant to Subsection 2.1(a) represents payment in full by the Underwriters of the aggregate Subscription Price for l ● Subscription Receipts, net of the amount contemplated by Subsection 2.1(c)(ii); and (ii) irrevocably directs the Subscription Receipt Agent to retain the amount specified in Subsection 2.1(a) in accordance with the terms of this Agreement pending payment of such amount in accordance with the terms of this Agreement. (c) On behalf of the Underwriters, the Lead Underwriter acknowledges: (i) receipt of one or more Global Subscription Receipts representing l ● Subscription Receipts registered in the name of CDS (or its nominee)[; and (ii) satisfaction by the Corporation of its obligation to pay the first half of the Underwriters’ Fee payable to the Underwriters pursuant to the Underwriting Agreement].

Payment Acknowledgement. (a) ‌ The Subscription Receipt Agent hereby acknowledges will acknowledge receipt from the Lead Underwriter, on behalf of Agent and/or from the Underwriters, of a wire transfer Corporation’s legal counsel of funds by certified cheque, bank draft or wire transfer, in the aggregate amount of $l ⚫, being the amount equal to the Escrowed Subscription Funds ($⚫) and the Agent's Escrowed Amounts ($⚫), and confirms that such funds Escrowed Subscription Funds and Agent's Escrowed Amounts have been deposited together in a segregated trust account (the “Escrow Account”) to be held and dealt with in accordance with this Agreement.‌ The Corporation hereby: (i) acknowledges that the name of the Corporation designated as “Gran Tierra Energy Inc. - Subscription Receipts”, or as otherwise directed amounts received by the Corporation in writing, and the Subscription Receipt Agent will retain pursuant to Subsection 2.2(a) in accordance with the direction of the Corporation to the Agent and/or to the Corporation’s legal counsel (as applicable) represents payment in full by the Agent of the aggregate Subscription Price for ⚫ Subscription Receipts; (ii) irrevocably directs the Subscription Receipt Agent to hold such amount amounts received from the Agent and/or from the Corporation’s legal counsel in escrow in accordance with the terms of this Agreement pending release and payment of such amounts in accordance with the terms of this Agreement; and (iii) irrevocably directs the Subscription Receipt Agent, immediately following the execution and delivery of this Agreement, to certify and deliver the Subscription Receipts in accordance with a written direction of the Corporation, one or more Subscription Receipt Certificates representing, in the aggregate, ⚫ Subscription Receipts registered in accordance with the Subscription Agreements received from Receiptholders. The Agent hereby irrevocably directs the Subscription Receipt Agent to retain the Agent’s Escrowed Amounts in accordance with the terms of this Agreement pending release and payment of such amount in accordance with the terms of this Agreement. (b) The Corporation hereby: (i) acknowledges that the amount received by the Subscription Receipt Agent pursuant to Subsection 2.1(a) represents payment in full by the Underwriters of the aggregate Subscription Price for l Subscription Receipts, net of the amount contemplated by Subsection 2.1(c)(ii); and (ii) irrevocably directs the Subscription Receipt Agent to retain the amount specified in Subsection 2.1(a) in accordance with the terms of this Agreement pending payment of such amount in accordance with the terms of this Agreement. (c) On behalf of the Underwriters, the Lead Underwriter acknowledges: (i) receipt of one or more Global Subscription Receipts representing l Subscription Receipts registered in the name of CDS (or its nominee)[; and (ii) satisfaction by the Corporation of its obligation to pay the first half of the Underwriters’ Fee payable to the Underwriters pursuant to the Underwriting Agreement].