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&lt;div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;" class="_mt"&gt;12. Related Party Transactions&lt;/font&gt;&lt;/div&gt;
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&lt;div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"&gt;&lt;font style="display: inline; font-family: Times New Roman; font-size: 10pt;" class="_mt"&gt;On February 1, 2009,&amp;nbsp;the Company entered into a&amp;nbsp;sublease for office space with a company ("sublessee"), of which two of Gran Tierra's directors at the time were shareholders and directors and one such director was an officer of the sublessee.&amp;nbsp;The Gran Tierra director who was an officer of the sublessee resigned as Gran Tierra's director in August 2010. The term of the sublease runs from February 1, 2009 to August 31, 2011 and the sublease payment is $7,900 per month plus approximately $4,600 for operating and other expenses.&amp;nbsp;The terms of the sublease were consistent&amp;nbsp;with market conditions in the Calgary, Alberta, Canada real estate market.&lt;/font&gt;&lt;/div&gt;
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On February 1, 2009,&amp;nbsp;the Company entered into a&amp;nbsp;sublease for office space with a company ("sublessee"), of which two</NonNumericTextHeader>
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      <ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef
 -Publisher SEC
 -Name Regulation S-X (SX)
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 -Section 04
 -Paragraph b
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
 -Publisher SEC
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
 -Publisher FASB
 -Name Statement of Financial Accounting Standard (FAS)
 -Number 57
 -Paragraph 1-4

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