Amendment No. 1 to Employment Terms Between Vazon Energy Limited and Liz Landles
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Summary
This amendment updates the employment terms between Vazon Energy Limited and Liz Landles. It sets the employee's base salary at £40,000 per year and specifies that she will spend about 30% of her time working for CanArgo Energy Corporation. Her holidays and benefits will be adjusted based on the time spent working for CanArgo. All other terms of the original contract remain unchanged. The amendment is signed by representatives of Vazon Energy, CanArgo Energy, and the employee.
EX-10.2 3 u53084exv10w2.htm EX-10.2 EX-10.2
Exhibit 10.2
AMENDMENT NO. 1 TO THE
STATEMENT OF TERMS AND CONDITIONS OF EMPLOYMENT
BETWEEN VAZON ENERGY LIMITED (the “Company”)
AND LIZ LANDLES (the “Employee”)
STATEMENT OF TERMS AND CONDITIONS OF EMPLOYMENT
BETWEEN VAZON ENERGY LIMITED (the “Company”)
AND LIZ LANDLES (the “Employee”)
The Terms and Conditions of the Contract are amended as follows:
Clause 3.1 — Pay
The Employee’s base salary shall be £40,000 per annum.
Clause 4 — Hours of Employment
The Employee shall be expected to spend approximately 30% of her time working for CanArgo Energy Corporation (“CanArgo”).
Clause 6 — Holidays
The Employee’s holidays shall be pro-rated in accordance with her time working for CanArgo.
Clause 9 — Other Benefits
The cost of Employee’s benefits shall be pro-rated in accordance with her time working for CanArgo.
All other Terms and Conditions shall remain as in the Contract.
They are subscribed by the Company and signed for and on its behalf at
On the 27th day of June 2007
| /s/ David Robson | Director |
They are subscribed by the Employee in acknowledgement that she has received a copy of this Statement and has read it or has had it explained by a member of management and that she understands it.
At Toronto, Ontario
On the 27th day of June 2007
in the presence of
| Signature of Witness /s/ Julian Hammond | Signature of Employee /s/ E A Landles | |||||||
| Full Name Julian Hammond | ||||||||
| Address | ||||||||
| 13a Chesterford Gardens | ||||||||
| London NW3 7DD |
Agreed in accordance with the Agreement for
Provision of Management Services dated 18th February 2004
For and on behalf of CanArgo Energy Corporation
Provision of Management Services dated 18th February 2004
For and on behalf of CanArgo Energy Corporation
/s/ Vincent McDonnell | ||
Position: President and Chief Executive Officer |
