ADDENDUM # 2 EMPLOYMENT AGREEMENT OF ALEXEY KOTOV

EX-10.01 2 ex1001form8k080416.htm ADDENDUM #2 EMPLOYMENT AGREEMENT OF ALEXEY KOTOV DATED AUGUST 4, 2016 ex1001form8k080416.htm
Exhibit 10.01
 
ADDENDUM # 2
 
EMPLOYMENT AGREEMENT OF ALEXEY KOTOV
 
This Addendum # 2, dated August 4, 2016 is entered between CASPIAN SERVICES, INC., a Nevada corporation (the “Employer”), and Mr. ALEXEY KOTOV, an individual residing in Salt Lake City, Utah (“Executive”), referred to as the parties or party.
 
WHEREAS: The Parties have entered into Employment Agreement, Effective Date August 2, 2010 (“Employment Agreement”) and Addendum #1, Dated July 29, 2013; and
 
WHEREAS: The parties hereby wish to extend the Term of the Employment Agreement in accordance with this Addendum # 2.
 
Subject to the approval of this Agreement by the Employer’s Board of Directors, the parties agree as follows:
 
AGREEMENT:
 
1.  
To extend the original Term of the employment, defined in Section 3, (a) of the Employment Agreement for additional period of THREE YEARS starting August 1, 2016.
 
2.  
Effective Date as defined and used in the Employment Agreement shall be set changed and modified as August 1, 2016.
 
3.  
All other provisions of the Employment Agreement shall remain in full force and effect unless modified by an addendum in writing.
 
SIGNATURES:
 
  CASPIAN SERVICES, INC.    
    By: /s/ Mirgali Kunayev______  
    Name: Mirgali Kunayev  
    Title: Chairman of the Board  
       
       
       
  EMPLOYEE:    
    By: /s/ Alexey Kotov_________  
    Name: Alexey Kotov