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]







 


 


 




  





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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

	  





 






  





3











  






 


 


 


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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