0001038838-10-000253 Sample Contracts

SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • August 4th, 2010 • Caspian Services Inc • Crude petroleum & natural gas

This Separation and Release Agreement (“Agreement”) is made as of August 3, 2010 by and between Caspian Services Inc., a Nevada corporation with its offices located at 257 E 200 S STE 490, Salt Lake City, UT 84111, its wholly owned subsidiaries Caspian Services Group Limited with its registered Kazakhstan Branch located in the city of Aktau, Republic of Kazakhstan (‘Subsidiary”) jointly and severely acting and referred to in the Agreement as the “Company” and represented by the Company’s CEO/President Mr. Alexey Kotov and Mr. John Scott (the “Employee”) on the other side.

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SEPARATION AND RELEASE AGREEMENT
Separation and Release Agreement • August 4th, 2010 • Caspian Services Inc • Crude petroleum & natural gas

This Separation and Release Agreement (“Agreement”) is made as of August 3, 2010 by and between Caspian Services Inc., a Nevada corporation with its offices located at 257 E 200 S STE 490, Salt Lake City, UT 84111, its Kazakhstan Representative Office located in the city of Almaty, Republic of Kazakhstan jointly and severely acting and referred to in the Agreement as the “Company” and represented by the Company’s CEO/President Mr. Alexey Kotov and Mr. Kerry Doyle (the “Employee”) on the other side.

EMPLOYMENT AGREEMENT
Employment Agreement • August 4th, 2010 • Caspian Services Inc • Crude petroleum & natural gas • Utah

The Employer and the Executive desire the Executive's employment with the Employer, and the Executive wishes to accept such employment, upon the terms and conditions set forth in this Agreement.

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