Transfer and Acceptance of Membership Interest Agreement between John D. Oil and Gas Company and Geis Coyne Oil & Gas, LLC

Summary

John D. Oil and Gas Company is transferring 25 membership units, representing a 25% ownership interest in Kukuit Resources, LLC, to Geis Coyne Oil & Gas, LLC. This transfer includes all related capital accounts and undistributed profits and losses. Geis Coyne Oil & Gas, LLC accepts the transfer and agrees to follow all terms of the Second Amended and Restated Operating Agreement of Kukuit Resources, LLC. The agreement is effective as of May 29, 2008.

EX-10.2 3 l32394aexv10w2.htm EX-10.2 EX-10.2
Exhibit 10.2
TRANSFER AND ACCEPTANCE OF MEMBERSHIP INTEREST
     KNOW ALL MEN, by the presents that the undersigned John D. Oil and Gas Company (the “Assignor”), for good, valuable and sufficient consideration, the receipt and sufficiency of which are hereby acknowledged, does hereby transfer, assign and set over unto Geis Coyne Oil & Gas, LLC (the “Assignee”) a portion of Assignor’s right, title and interest, to-wit: twenty-five (25) membership units/twenty-five percent (25%) ownership interest in and to Kukuit Resources, LLC, an Ohio limited liability company, including without limitation, capital accounts, and undistributed profits and losses attributable thereto;
     AND, KNOW ALL MEN BY THESE PRESENTS, that in consideration of the foregoing assignment, transfer and conveyance Assignee does hereby accept said transfer, assignment and conveyance, and that the said Assignee does agree to be bound by and to observe all terms and conditions of the Second Amended and Restated Operating Agreement of Kykuit Resources, LLC of even date herewith.
     WITNESS THE SIGNATURES of Assignor and Assignee as of this 29th day of May, 2008.
             
 
      ASSIGNOR:    
 
           
 
      John D. Oil and Gas Company    
 
           
 
  By:   /s/ Gregory J. Osborne
 
Gregory J. Osborne
   
 
  Its:   President    
 
           
 
      ASSIGNEE:    
 
           
 
      Geis Coyne Oil & Gas, LLC    
 
           
 
  By:   /s/ Alfred I. Geis
 
Alfred I. Geis
   
 
  Its:   Member