Attached files
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| EX-10.31 - Freedom Holding Corp. | ex1031form8k033110.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (date of earliest event reported): March 31,
2010
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BMB MUNAI, INC.
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(Exact
Name of Registrant as Specified in its Charter)
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Nevada
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001-33034
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30-0233726
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(State
or other jurisdiction of incorporation)
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Commission
File
Number)
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(IRS
Employer
Identification
Number)
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202 Dostyk Ave., 4th Floor, Almaty,
Kazakhstan
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(Address
of principal executive offices)
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050051
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(Zip
code)
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+7 (727) 237-51-25
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(Registrant’s
telephone number, including area code)
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N/A
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(Former
name of former address, if changed since last
report.)
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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[
]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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[
]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[
]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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[
]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.01 Entry into a Material Definitive Agreement.
On March 31, 2010 Emir Oil, LLP, a
wholly-owned subsidiary of BMB Munai, Inc. (the “Company”) entered into an
agreement for the Conduction of 3D Seismic Survey, dated March 31, 2010, (the
“Agreement”) between Geo Seismic Service LLP (“Geo Seismic”) and Emir Oil LLP
(“Emir”). Mr. Toleush Tolmakov, the General Director of Emir and a
holder of more than 10% of the outstanding common stock of the Company, is a 30%
owner of Geo Seismic.
The Agreement provides that Geo Seismic
will carry out 3D field seismic exploration activities of the Begesh, Aday,
North Aday and West Aksaz structures, an area of approximately 96 square
kilometers within the Company’s Northwest Block. In exchange for
these services, Emir will pay Geo Seismic 570,000,000 Kazakh tenge ($3,800,000
USD). In lieu of payment in Kazakh tenge, Emir, at its sole election,
may deliver restricted shares of BMB common stock at the agreed value of the
higher of: (i) the average closing price of BMB Munai, Inc. common shares over
the five days prior to final acceptance by Emir of the 3D seismic work; or (ii)
$2.00 per share. The maximum number of shares which may be delivered
as payment in full shall not exceed 1,900,000 restricted common
shares.
The description of the Agreement in
this Current Report is only a summary of that Agreement and is qualified in its
entirety by reference to the terms of the Conduction of 3D Seismic Survey, a
copy of which is attached as an exhibit to this Current Report.
Item
9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit
10.31
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Conduction
of 3D Seismic Survey, dated March 31, 2010, Between “Geo Seismic Service”
LLP and “Emir-Oil” LLP
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SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
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BMB
MUNAI, INC.
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Date:
April 6, 2010
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By:
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/s/
Gamal Kulumbetov
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Gamal
Kulumbetov
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Chief
Executive Officer
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