Addendum No. 1 to Employment Agreement between Caspian Services, Inc. and Alexey Kotov dated July 29, 2013

Contract Categories: Human Resources › Employment Agreements
Summary

This addendum extends the employment agreement between Caspian Services, Inc. and Alexey Kotov for an additional three years starting August 1, 2013, subject to approval by the company's Board of Directors. All other terms of the original agreement remain unchanged unless modified in writing. The addendum updates the effective date of the agreement to August 1, 2013.

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EX-10.1 2 ex101form073013.htm ADDENDUM #1 EMPLOYMENT AGREEMENT OF ALEXEY KOTOV DATED JULY 29, 2013 ex101form073013.htm
Exhibit 10.1
ADDENDUM # 1
 
EMPLOYMENT AGREEMENT OF ALEXEY KOTOV
 
This Addendum # 1, dated July 29, 2013 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”) for a period of 3 year; and
 
WHEREAS: The parties hereby wish to extend the Term of the Employment Agreement in accordance with this Addendum # 1.
 
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, 2013.
 
2.
Effective Date as defined and used in the Employment Agreement shall be set changed and modified as August 1, 2013.
 
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