0001038838-07-000029 Sample Contracts

LETTER OF ENGAGEMENT
Caspian Services Inc • January 16th, 2007 • Crude petroleum & natural gas • England

This letter outlines the terms and conditions relating to your employment with Caspian Services Inc., further detailed in the Employment Agreement attached hereto.

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LOAN AGREEMENT between BALYKSHI L.L.P. and EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated 21 December 2006
Loan Agreement • January 16th, 2007 • Caspian Services Inc • Crude petroleum & natural gas

LOAN AGREEMENT (this “Agreement”) dated 21 December 2006 between BALYKSHI L.L.P., a limited liability partnership organised and existing under the laws of the Republic of Kazakhstan (the “Borrower”), and the EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT, an international organisation formed by treaty (“EBRD”).

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DATED 16 January 2007 CASPIAN SERVICES, INC. the Vendor AND CHAGALA GROUP LIMITED the Purchaser AGREEMENT FOR THE SALE OF SHARES
Agreement • January 16th, 2007 • Caspian Services Inc • Crude petroleum & natural gas • England
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