0001038838-07-000495 Sample Contracts

FIRST AMENDMENT TO LOAN AGREEMENT between BALYKSHY L.L.P. and EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated 28 June 2007
Loan Agreement • July 5th, 2007 • Caspian Services Inc • Crude petroleum & natural gas

This AMENDMENT AGREEMENT (this “Amendment Agreement”) dated 28 June 2007 is made between BALYKSHY L.L.P., a limited liability partnership organized and existing under the laws of the Republic of Kazakhstan with registered address at 12 Murat Uskenbaev Street, Atash Village, Tupkaragan District, Mangistau Region, the Republic of Kazakhstan (the “Borrower”), and EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT, an international organisation established by treaty (“EBRD”).

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INVESTMENT AGREEMENT among BALYKSHY L.L.P. and EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated 28 June 2007
Investment Agreement • July 5th, 2007 • Caspian Services Inc • Crude petroleum & natural gas • England

This INVESTMENT AGREEMENT, dated 28 June 2007 (this “Agreement”) is made among BALYKSHY LLP, a limited liability partnership organized and existing under the laws of the Republic of Kazakhstan (the “Company”) and EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT, an international organisation established by treaty (“EBRD”).

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