Exhibit 10.3
 
 
BILL OF SALE
 
This BILL OF SALE (the “Bill of Sale”), dated as of the 22nd day of July, 2011,
is made and delivered by CONTINENTAL RESOURCES GROUP, INC., a Delaware
corporation (“Seller”), to CONTINENTAL RESOURCES ACQUISITION SUB, INC., a
Florida corporation (“Buyer”), pursuant to, and subject to the terms of, the
Asset Purchase Agreement (the “Asset Purchase Agreement”) dated as of the date
hereof by and among Seller, Buyer and Sagebrush Gold Ltd. (the “Company”). The
terms of the Asset Purchase Agreement are incorporated herein by reference and
capitalized terms used herein and not otherwise defined shall have the meaning
ascribed thereto in the Asset Purchase Agreement.
 
NOW, THEREFORE, subject to and in accordance with the terms and conditions of
the Asset Purchase Agreement and for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Seller and Buyer
hereby each agree as follows:
 
Seller hereby irrevocably and unconditionally sells, conveys, assigns, grants,
transfers and delivers to Buyer and its successors and assigns, to its and their
own use and benefit forever, and Buyer hereby purchases, acquires and accepts,
all of Seller’s right, title and interest in and to all of the tangible
Purchased Assets, free and clear of any liens, charges or other encumbrances.
 
Seller hereby agrees, at any time and from time to time after the date hereof,
promptly upon the written request of the Buyer, it will do, execute,
acknowledge, and deliver, or cause to be done, executed, acknowledged, and
delivered, each and all of such further acts, deeds, assignments, transfers,
conveyances, powers of attorney, and assurances as may reasonably be required by
the Buyer in order to assign, transfer, set over, convey, assure, and confirm
unto and vest in the Buyer, its successors, and assigns the Purchased Assets and
title thereto and to put the Buyer in possession and operating control of the
Purchased Assets.
 
All of the terms and provisions of this Bill of Sale shall be binding upon
Seller and its successors and assigns, and shall inure to the benefit of Buyer
and its successors and assigns.
 
This Bill of Sale is intended only to document the sale and assignment of the
tangible Purchased Assets to Buyer, and that the Asset Purchase Agreement is the
exclusive source of the agreement and understanding between Seller and Buyer
respecting the Purchased Assets. Nothing in this Bill of Sale shall limit,
expand or otherwise affect any of the representations, warranties or covenants
contained in the Asset Purchase Agreement. To the extent any term or provision
herein is inconsistent with the Asset Purchase Agreement, the terms and
provisions of the Asset Purchase Agreement shall control.
 
This Bill of Sale may be executed in facsimile and in one or more counterparts,
each of which shall be deemed an original and all of which together shall
constitute a single instrument.
 
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IN WITNESS WHEREOF, the undersigned have executed this Bill of Sale as of the
date first set forth above.
 
 
 

  CONTINENTAL ACQUISITION SUB, INC.          By:        Name: Barry Honig    
 Title: Chief Executive Officer                 CONTINENTAL RESOURCES GROUP,
INC.          By:        Name: Joshua Bleak      Title: President