On October 15, 2008 the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan ("MEMR") approved Addendum # 6 to Contract No. 482 with Emir Oil LLP, dated June 09, 2000 for hydrocarbon exploration on the Aksaz-Dolinnoe-Emir territory, located in Tyubkaragan region of Mangystau oblast ("Addendum No. 6"). Emir Oil LLP is the wholly-owned subsidiary of BMB Munai, Inc. (the "Company") operating in Kazakhstan. Addendum No. 6 increases the exploration territory covered by the contract from 460 square kilometers to a total of 850 square kilometers (approximately 210,114 acres). The additional territory is located to the north and west of the Company's current exploration territory, extending the exploration territory toward the Caspian Sea.

Addendum No. 6 increases Emir Oil's minimum work program by an additional $29.2 million dollars as follows:

                                          2009         2010       2011        2012

Minimum Work Program Capital
Expenditure Required (in                     $3.5       $8.58      $8.56       $8.56
millions)
Minimum Number of New Wells                     0           1          1           1

In addition to these added annual work program requirements, Addendum No. 6 imposes certain other obligations on Emir Oil including obligations to:

• make additional payments to the liquidation fund;

• make a one-time payment in the amount of 200,000 USD to the Astana Fund by the end of 2010; and

• make annual payments to social projects of the Mangistau oblast in the amounts of 50,000 USD from 2009 to 2012.

The term of the exploration period did not change.

The description of Addendum No. 6 in this Current Report is only a summary of that document and is qualified in its entirety by reference to the terms of Addendum No. 6, a copy of which is attached as an exhibit to this Current Report.

(d) Exhibits

          Exhibit 10.1       Addendum No. 6 to Contract #482 dated June 09, 2000,
                             for hydrocarbon exploration on the
                             Aksaz-Dolinnoe-Emir territory, located in Tyubkaragan
                             region of Mangystau oblast between Ministry of Energy
                             and Mineral Resources of the Republic of Kazakhstan,
                             (Competent body) and Limited Liability Partnership
                             Emir Oil (Contractor), dated October 15, 2008.