APPROVED by resolution of the Sole Shareholder of ... - КазМунайГаз

20. KMG may, in its own name, enter into transactions (conclude contracts and
agreements), acquire property and personal non-property rights and obligations, and act
as a plaintiff or a defendant in the court, and carry out other legitimate activities.
21. KMG may acquire and provide rights for ownership and use of titles of
protection, technologies, know-how and other information.
22. KMG may establish its branches and representation offices in the Republic of
Kazakhstan and abroad, allot fixed and circulating assets to them at the cost of its own
property and determine the procedure for conducting their activity in line with the
Laws. The property of a branch or representation office shall be included in their own
separate balance sheet and in KMG balance sheet as a whole.
23. The activity of branch or representation offices shall be managed by persons
appointed by the Chairman of KMG’s Management Board. Heads of branch or
representation offices shall act on the basis of the Power of Attorney issued by KMG.
24. KMG shall independently solve all the issues related to planning production
activity, labour remuneration, maintenance supply, social development, allocation of
profit, recruitment, personnel placing and retraining.
25. KMG shall be entitled to open, in accordance with the established procedure,
accounts in banks and other financial institutions, located within the territory of the
Republic of Kazakhstan and abroad, both in the national and foreign currency.
26. KMG shall be entitled to receive loans and use credit facilities in Tenges and
foreign currency in line with the Laws.
27. KMG shall develop and approve of its internal normative and technical
documentation.
28. The Chairman of KMG’s Management Board shall coordinate with the
Chairman of KMG’s Board of Directors business trips of the Chairman of KMG’s
Management Board abroad and shall notify the Chairman of KMG’s Board of Directors
on business trips of members of KMG’s Management Board.
29. KMG may have other rights and bear other liabilities specified by the Laws
and the Charter.
ARTICLE 7. RIGHTS AND OBLIGATIONS OF THE SOLE SHAREHOLDER
30. The Sole Shareholder shall be entitled:
1) to participate in KMG management in accordance with the procedure
established by the Laws and/or the Charter;
2) to collect dividends;
3) to receive information about KMG’s activity, as well as the data on affiliated
companies, inclusive of confidential information, not later than thirty days as of the
moment of inquiry receipt by KMG, unless otherwise is specified by the inquiry, and to
familiarize with KMG financial statements, in accordance with the procedure
established by the Sole Shareholder or the Charter;
4) to receive extracts from KMG’s registrar or nominal shareholder certifying its
property right for KMG’s securities;
5) to elect members to KMG’s Board of Directors;
6) to contest in the courts resolutions adopted by KMG bodies;
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