Freedom Holding Inc. (FHLD)

[Abdullaha7]

A Definitive Agreement signed on August 6, 2014, in which Sigur Holdings, SA was to gain controlling interest in the Company in exchange for the agreement to assume all current and long term liabilities and to provide the funding for all future acquisitions. To that extent, Sigur Holdings agreed to inject into Freedom Energy Holdings up to the sum of $10 million dollars to be used for operations and acquisitions. As of Period Ending September 30, 2014 and as of the date of this filing there has been no action taken to consumate the transaction due to the unforeseen difficulties of conducting business with a South African entity and the movement of capital to the USA. The transaction is still in process and is anticipated to close sometime in the period ending March 30, 2015.