EXHIBIT 10.3



 





EXHIBIT
10.3


 


ASSIGNMENT
AND BILL OF SALE


 


KNOW
ALL MEN BY THESE PRESENTS: that RYSCO GAS CORPORATION, 11658 Santa Cruz Drive, Skiatook,
Oklahoma 74070, hereinafter referred to as “ASSIGNOR”, for and in consideration of Ten Dollars and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
does hereby assign, bargain, sell, convey and transfer unto NORTH AMERICAN EXPORATION, INC., 6914 S. Yorktown Ave., Suite 130,
Tulsa, OK 74136, hereinafter referred to as ASSIGNEE, all of Assignor’s interest
in and to the lands and leases described on Exhibit “A” attached hereto and made a part hereof together with the
rights incident thereto, and together with all of Assignor’s right, title and interest in all leasehold equipment, material
or personal property located therein, thereon or appurtenant thereto.


 


ASSIGNOR
makes no warranty, either express or implied, as to any of the right, titles or interest hereby conveyed. ASSIGNOR expressly disclaims
and negates any implied or express warranty of merchantability, and implied or express warranty
of fitness for a particular purpose, as to all equipment, fixtures, facilities, materials and improvements hereby conveyed to
ASSIGNEE. All such equipment, fixtures, facilities, materials and improvements are conveyed to ASSIGNEE as is, where is,
and with all faults.


 


The
terms and provisions hereof shall be deemed to be covenants running with the land, leases, and
interests covered hereby and shall extend to, bind and inure to the benefit of the parties hereto, and their heirs, successors
and assigns.


 


In
witness whereof, this Assignment and Bill of Sale is executed this 22nd day of November, 2010, but shall be effective for all
purposes as of November 1, 2010.


 


	 	RYSCO
    GAS CORPORATION
	 	 
	 	/s/
    James L. Pardee
	 	James
    L. Pardee, President


 


	 	Instrument
                   Book           Page
	 	I-2010-003486
               001223           3 
	 	 
	 	Filed
    for Record in
	 	Texas
    Counts Oklahoma
	 	Marcia
    Hollingshead, County Clerk
	 	I-2010-003486
	 	11/29/201
    10:08:49AM Fee: 17.00
	 	Book
    001223 Page Pg 0003-0005


 




    	 



    	 



    

 





	 	Instrument	Book	Page
	 	I-2010-003486 	001223 	4





Miller
#1-5 Assignment and Bill of Sale


P.
2


 


ACKNOWLEDGMENT


 


	STATE
    OF OKLAHOMA	)
	 	)
    ss.
	COUNTY
    OF OSAGE	)


 


Before
me on this day personally appeared James L. Pardee, known to me to be the person whose name is subscribed to the foregoing instrument,
and known to me to. be the President of Rysco Gas Corporation, an Oklahoma corporation, and acknowledged to me that he executed
said instrument for the purposes and consideration therein expressed, and as the act of said corporation.


 


Given
under my hand and official seal this 22 day of November, 2010


 





 




    	 



    	 



    

 





	 	Instrument	Book	Page
	 	I-2010-003486
    	001223 	5
	 	Miller
    #1-5







 


EXHIBIT
A


 


All
property described herein is situated in Texas County, Oklahoma


 


	DATE:	1/31/46
	LESSOR:	Elbert C. Richards, et ux.
	LESSEE:	Gulf Oil Corporation
	RECORDED:	Book 256, Page 55
	DESCRIPTION:	S/2, S/2 N/2 Section 5-1N-18ECM
	 	 
	DATE:	1/31/46
	LESSOR:	C.L. Mathewson, et ux.
	LESSEE:	Gulf Oil Corporation
	RECORDED:	Book 256, Page 62
	DESCRIPTION:	S/2, S/2 N/2 Section 5-1N-18ECM
	 	 
	DATE:	2/01/46
	LESSOR:	Forest C. Cole
	LESSEE:	Gulf Oil Corporation
	RECORDED:	Book 256, Page 85
	DESCRIPTION:	Lots 2, 3, and 4 Section 5-1N-18ECM


 


END
OF EXHIBIT A