Assignment and Bill of Sale between LJM Energy Corp. and Range Michigan LLC dated June 14, 2011

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EX-10.3 4 ljmex103.htm ASSIGNMENT AND BILL OF SALE BETWEEN LJM ENERGY CORP. AND RANGE MICHIGAN LLC DATED JUNE 14, 2011 ljmex103.htm
Exhibit 10.3
 
ASSIGNMENT AND BILL OF SALE
 
EATON RAPIDS, ACKLEY AND MASON PROSPECTS
 
THIS ASSIGNMENT AND BILL OF SALE (“Assignment”), dated this 14th day of June, 2011 (the “Effective Date”), is made by and between RANGE MICHIGAN LLC, a Wyoming limited liability company, having a mailing address of P.O. Box, 504 Fremont St., Thermopolis, Wyoming 82443 (“Assignor”), and LJM ENERGY CORP., a Nevada Corporation with a mailing address of 9190 Double Diamond Parkway, Reno Nevada 89521 (“Assignee”).
 
WHEREAS, Assignor is the lessee of certain oil and gas leases, such leases being located in Ingham County, Michigan and more particularly described on Exhibit A attached hereto and hereby incorporated herein for all purposes (the “Leases”).
 
WHEREAS, Assignor desires to assign an undivided forty three and three quarters percent (43.75%) working interest in and to the Leases and any Oil and Gas Substances produced from the Leases hereafter and Assignee desires to accept such assignment as set forth herein.
 
NOW, THEREFORE, for and in consideration of the covenants and agreements contained herein, the sum of TEN DOLLARS ($10.00), the transfer of certain shares or other equity interests in Assignee or its successor, and other good and valuable consideration, the receipt and sufficiency of all of which are hereby acknowledged by the parties, the parties agree as follows:
 
1.  
Assets Assigned or Granted.  Effective as of the Effective Date, Assignor hereby GRANTS, BARGAINS, SELLS, ASSIGNS, TRANSFERS, CONVEYS and DELIVERS unto the Assignee, and its successors and assigns, an undivided forty three and three quarters percent (43.75%) interest in and to the following assets:
 
i. the Leases;
 
ii. the Oil and Gas Substances produced from the Leases hereafter;
 
The assets and interests described in subsections i and ii, above are hereafter referenced as the “Oil and Gas Interests.”
 
For purposes of this Assignment, the term “Oil and Gas Substances” shall mean oil, gas, casinghead gas, gas condensate, and/or all other liquid or gaseous hydrocarbons and other marketable or non-marketable substances produced therewith.
 
2.  
Warranty.  Assignor warrants title to the Oil and Gas Interests to be free of claims arising by, through or under Assignor, but not otherwise.
 
3.  
Disclaimer.  ASSIGNOR MAKES NO REPRESENTATION OR WARRANTY, AND HEREBY EXPRESSLY DISCLAIMS SAME, AS TO THE EXISTENCE, QUALITY OR QUANTITY OF OIL AND /OR GAS ON THE PROPERTIES SUBJECT TO THE LEASES. THE PARTIES AGREE THAT TO THE EXTENT REQUIRED TO BE OPERATIVE, THE DISCLAIMERS OF CERTAIN WARRANTIES CONTAINED IN THIS SECTION ARE “CONSPICUOUS DISCLAIMERS” FOR THE PURPOSES OF EVERY APPLICABLE LAW, RULE OR ORDER.
 
 
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4.  
General.  This Assignment represents the entire agreement between the parties, and it may not be amended or altered except in writing signed by both parties.  This Assignment will be governed by the Laws of the State of Michigan, without regard to its provisions regarding conflicts of laws.  This Assignment may be executed in any number of counterparts, each of which shall be of equal dignity and all of which shall constitute but one and the same instrument. Upon request from Assignee, Assignor shall execute a memorandum or short form of this Assignment which shall be suitable for recordation in the official public records of the county and state in which the property subject to this Assignment is located.
 
5.  
Binding Effect.  This Assignment shall bind and inure to the benefit of Assignor and Assignee and their respective successors and assigns.
 

 
[END OF TEXT; SIGNATURE PAGES FOLLOW]

 
 
 
 
2
 
 

 
IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be effective as of the Effective Date.
 

 
 
RANGE MICHIGAN LLC

By its Manager: Range Exploration Partners LLC
 
  
       
 
By:
 /s/ Frode Aschim  
   
Frode Aschim
  
 
Its:
Manager
  
 
 
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IN WITNESS WHEREOF the parties hereby execute and deliver this Assignment effective as of the Effective Date.
 
 

 
LJM
 
LJM Energy Corp.
  
       
  By:  /s/ Joel Felix  
    Joel Felix  
  Its:  Chief Executive Officer   
 
 
 
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Exhibit A
 
 
Range Leases
 
For all leases below Range Michigan LLC is Lessee, Working Interest is 100% and Net Revenue Interest is 80%
 
 
Drilling Prospect
Lessor
Lease Date
TWP
Section
Net Acres
Liber-Page
Ackley
Larry G. Farnham Trust
06/03/08
T1S R6W
4;  9
40.7
L-3428 P-578
Ackley
Roger L. Farkas Living Trust
Betty J. Farkas Living Trust
06/04/08
T1S R6W
4
90.2
L-3428 P-542
Ackley
Donald V. Willis
06/04/08
T1S R6W
3
14.0
L-3428 P-498
Ackley
Janae L. Hall
06/10/08
T1S R6W
3
10.5
L-3428 P-550
Ackley
Norman D. Stevens
06/11/08
T1S R6W
3
40.0
L-3428 P-482
Ackley
James O. Head Living Trust
06/12/08
T1S R6W
3
30.0
L-3428 P-558
Ackley
Melvin Stone
06/12/08
T1S R6W
3
10.8
L-3428 P-518
Ackley
Helen Willis
06/16/08
T1S R6W
3
154.3
L-3428 P-494
Ackley
Steven R. Lahr
06/18/08
T1S R6W
4
13.5
L-3428 P-526
Ackley
Pauline R. Lehman
06/18/08
T1S R6W
3
5.0
L-3428 P-522
Ackley
Mikeal D. Gutsue
06/19/08
T1S R6W
10;  2
54.4
L-3428 P-554
Ackley
John D. Steele
06/24/08
T1S R6W
3
5.5
L-3428 P-486
Ackley
William H. Burgess
06/25/08
T1S R6W
4
16.8
L-3428 P-562
Ackley
The John Kushak and Marilyn K. Kushak Revocable Living Trust
06/25/08
T1S R6W
4
5.3
L-3428 P-530
Ackley
John Henry Dadow II
06/30/08
T1S R6W
3
6.9
L-3428 P-574
Ackley
The Phillip E. Knoll Family Trust
06/30/08
T1S R6W
3
24.2
L-3428 P-534
Ackley
Matthew Maxson
07/01/08
T1S R6W
4
6.0
L-3428 P-502
Ackley
Paul L. Thompson
07/09/08
T1S R6W
3
16.0
L-3428 P-514
Eaton Rapids
Barbara J. Millisor
06/16/08
T2N R3W
22
4.6
L-2225 P-0406
 
 
5
 
Drilling Prospect
Lessor
Lease Date
TWP
Section
Net Acres
Liber-Page
Eaton Rapids
Dennis L. Desgrange
06/19/08
T2N R3W
21
74.5
L-2225 P-0262
Mason
Stid, Peter D. Trust
06/11/08
T2N-R1W
10, 15
50.4
B-3335 P-229
Mason
Stid, Sara E. Trust
06/11/08
T2N-R1W
10, 15
50.4
B-3335 P-231
Mason
Snyder, John D. Trust
06/17/08
T2N-R1W
14
10.7
B-3335 P-264
Mason
Stid, Joseph D.. Trust
06/20/08
T2N-R1W
10
50.4
B-3335 P-228
Mason
Mcalla, Frank E. Trust
07/03/08
T2N-R1W
10
150.0
B-3330 P-1003
Mason
Fryer, Michael, etux
07/15/08
T2N-R1W
14
10.0
B-3335 P-233
Mason
Altenritter, Edward F.
07/16/08
T2N-R1W
11
4.5
B-3335 P-238
Mason
Hopp, Rosemary Trust
07/24/08
T2N-R1W
14
32.2
B-3335 P-285
Mason
Threadgould Family Trust
08/05/08
T2N-R1W
14
10.6
B-3335 P-270
Mason
Hankins, Bill F., etux
08/08/08
T2N-R1W
14
3.6
B-3335 P-281
Mason
Peach Tree Associates, LLC
08/08/08
T2N-R1W
10
14.6
B-3335 P-230
Mason
Van Egeren, Lawrence
08/17/08
T2N-R1W
14
3.9
B-3335 P-271
Mason
Bowden, Calvin P., et ux
08/18/08
T2N-R1W
11
4.6
B-3335 P-242
Mason
Gould, Michael G., etux
08/18/08
T2N-R1W
14
31.9
B-3335 P-280
Mason
Snyder, Glen Richard
08/21/08
T2N-R1W
14
3.7
B-3335 P-283
Mason
Collar, Raymond D., et al
08/22/08
T2N-R1W
10
8.4
B-3335 P-246
Mason
Esch, Richard E., etux
08/24/08
T2N-R1W
11
65.2
B-3335 P-251
Mason
Foote, Thomas C., etux
08/26/08
T2N-R1W
11
3.5
B-3335 P-277
Mason
Atkinson, James W., etux
08/27/08
T2N-R1W
11
10.0
B-3335 P-240
Mason
Launstein, Don D., etux
09/05/08
T2N-R1W
11
6.2
B-3335 P-236
Mason
Whittaker, David W., etux
09/08/08
T2N-R1W
11
10.0
B-3335 P-272
Mason
Bontrager, Randall W., etux
09/20/08
T2N-R1W
3
6.4
B-3335 P-241
Mason
Mullin, Michael P., etux
09/21/08
T2N-R1W
11
4.1
B-3335 P-254
Mason
Flood, Michael W., etux
09/22/08
T2N-R1W
11
3.0
B-3335 P-275
 
 
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Drilling Prospect
Lessor
Lease Date
TWP
Section
Net Acres
Liber-Page
Mason
Brownridge, Dennis G., etux
09/26/08
T2N-R1W
14
1.3
B-3335 P-244
Mason
Kean, William, etux
09/27/08
T2N-R1W
14
2.5
B-3335 P-289
Mason
Ruttan, Dale A., etux
09/28/08
T2N-R1W
11
4.1
B-3335 P-258
Mason
Johnston, Arthur E., etux
09/30/08
T2N-R1W
11
5.0
B-3335 P-287
Mason
Stinson, Paul W.,etux
10/02/08
T2N-R1W
3
3.3
B-3335 P-265
Mason
Jacot, Donald, etux
10/06/08
T2N-R1W
11
1.7
B-3335 P-286
Mason
Carson, Michael R., etux
10/07/08
T2N-R1W
14
1.0
B-3335 P-245
Mason
Goeke-Smith, Jeffrey C.,etux
10/09/08
T2N-R1W
14
16.9
B-3335 P-279
Mason
Slusser, Florence M. Trust; Owen J. Bachman Trustee
10/16/08
T2N-R1W
14
6.5
B-3335 P-239
Mason
Church, Chris K.
10/14/08
T2N-R1W
3
1.0
B-3335 P-246
Mason
Spyke, Brian, etux
10/22/08
T2N-R1W
11
3.8
B-3335 P-268
Mason
Johnson, Russell V etux
10/30/08
T2N-R1W
11
1.9
B-3335 P-288
Mason
Salmon, Jon L. etux
11/05/08
T2N-R1W
14
0.8
B-3335 P-259
Mason
Hicks, Patrick J.
11/05/08
T2N-R1W
14
4.0
B-3335 P-283
Mason
Mason First Church of ther Nazarene
11/07/08
T2N-R1W
10
22.6
B-3335 P-226
Mason
Sherwood, Donald R. etux
11/13/08
T2N-R1W
11
2.0
B-3335 P-262
Mason
Cosgray, Steven R., etux
11/19/08
T2N-R1W
11
1.5
B-3335 P-249
Mason
Frenchette, Mark D. etux
11/21/08
T2N-R1W
14
1.2
B-3335 P-278
Mason
Hoffman, Gary L. etux
10/22/08
T2N-R1W
11
1.6
B-3335 P-284
Mason
Nesbitt, Gary, etux
11/24/08
T2N-R1W
14
1.9
B-3335 P-260
Mason
McClung, David J. etux
12/02/08
T2N-R1W
3
2.4
B-3335 P-253
Mason
Ranshaw, Todd M. etux
12/02/08
T2N-R1W
3
35.4
B-3335 P-257
Mason
Thornsberry, James E.
01/07/09
T2N-R1W
14
4.5
B-3335 P-269
 
 
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