Attached files
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8-K - FORM 8-K DATED JULY 30, 2013 - CASPIAN SERVICES INC | form073013.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.
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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.
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2.
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Effective Date as defined and used in the Employment Agreement shall be set changed and modified as August 1, 2013.
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3.
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All other provisions of the Employment Agreement shall remain in full force and effect unless modified by an addendum in writing.
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SIGNATURES:
CASPIAN SERVICES, INC.
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By: /s/ Mirgali Kunayev
Name: Mirgali Kunayev
Title: Chairman of the Board
EMPLOYEE:
By: /s/ Alexey Kotov
Name: Alexey Kotov