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Exhibit 10.3
 
FIRST AMENDMENT TO OMNIBUS AGREEMENT
 
THIS FIRST AMENDMENT TO OMNIBUS AGREEMENT (this “Amendment”) is made effective
as of September 20, 2011 (the “Effective Date”), by and between RANGE MICHIGAN
LLC, a Wyoming limited liability company with a mailing address of P.O. Box 726,
504 Fremont, Thermopolis, WY 82443-2913 (“Range”), and AMERICAN ENERGY
DEVELOPMENT CORP. (F/K/A LJM ENERGY CORP.), a Nevada corporation with a mailing
address of 9190 Double Diamond Parkway, Reno NV 89521 (“AED”).
 
RECITALS:
 
WHEREAS, Range and AED entered into that certain Omnibus Agreement dated
effective as of June 14, 2011 (the “Omnibus Agreement”) regarding the
development of certain oil and gas wells in Ingham County, Michigan; and
 
WHEREAS, Range and AED now desire to amend the Omnibus Agreement as set forth
herein.
 
NOW, THEREFORE, for and in consideration of the mutual covenants and agreements
contained herein and in the Omnibus Agreement, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
Parties hereto agree as follows:
 
1. References to LJM.  All references to LJM in the Omnibus Agreement shall be
deleted and replaced with AED.
 
2. Amendment to Section 4.a.  Section 4.a is hereby deleted in its entirety and
replaced with the following provision:
 
a.  
AED will participate in the Required Wells on the Dansville Prospect by 1 July,
2012.

 
3. Remaining Provisions Unchanged.  The Omnibus Agreement, as amended by this
Amendment, is and shall remain in full force and effect.  Except as amended
hereby, the provisions of the Omnibus Agreement are unchanged.
 
4. Counterparts. This Amendment may be executed in one or more counterparts,
which when executed shall constitute but one and the same instrument.
 
5. Authority to Execute.  The person executing this Amendment on behalf of each
of the Parties warrants and represents that such person is duly authorized and
empowered to execute this Agreement on behalf of such Party.
 
6. Severability.  This Amendment and the Omnibus Agreement are intended to be
performed in accordance with and only to the extent permitted by all legal
requirements.  If any provision of this Amendment or the Omnibus Agreement or
the application thereof to any person or circumstance shall, for any reason and
to any extent, be invalid or unenforceable, but the extent of the invalidity or
unenforceability does not destroy the basis of the bargain between the Parties
as contained herein, the remainder of the Omnibus Agreement, as amended, and the
application of such provision to other persons and circumstances shall not be
affected thereby, but rather shall be enforced to the greatest extent permitted
by law.
 
[End of Text; Signature Pages Follow]
 

 
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IN WITNESS WHEREOF the parties hereby execute and deliver this Amendment
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 Amendment
effective as of the Effective Date.
 

 

 
AED
 
American Energy Development Corp.
           
Byl
/s/ Herold Ribsskog      
Herold Ribsskog
   
Its:
Chief Executive Officer
 

 

 
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