Document:

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.

 

  

1

  

	
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]

 

 

 

  

2

  

 

 

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 	 

 

 

  

4

  

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

 

  

6

  

	
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

 

 

7ljmex104.htm

Exhibit 10.4

 

SEISMIC DATA ASSIGNMENT AND BILL OF SALE

 

THIS SEISMIC DATA ASSIGNMENT AND BILL OF SALE (this “Bill of Sale”) is made and entered effective this 14th day of June, 2011 (the “Effective Date”), by and between RANGE MICHIGAN LLC, a Wyoming limited liability company whose address is P.O. Box 726, 504 Fremont St., Thermopolis, Wyoming 82443 (“Assignor”); and LJM Energy Corp., a Nevada corporation, whose address is 9190 Double Diamond Parkway, Reno NV 89521 (“Assignee”).

 

WHEREAS, Assignor has obtained three dimensional seismic information, surveys, mapping and data in connection with certain properties located Ingham and Calhoun Counties, Michigan and known by the parties as the Dansville, Ackley, Mason and Convis Prospects, as such seismic information, surveys, mapping and data is more particularly described on Exhibit A, attached hereto and hereby incorporated herein (the “Seismic Data”); and

 

WHEREAS, Assignor desires to assign all of its right title and interest in and to Seismic Data subject to the reservation contained herein, and Assignee desires to accept such assignment as set forth more fully herein.

 

NOW, THEREFORE, for and in consideration 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 which are hereby acknowledged, and intending to be legally bound, the parties state as follows:

 

1. Transfer of Seismic Data.  Effective as of the Effective Date, Assignor hereby transfers to Buyer, its successors and assigns, all of its right, title and interest in and to the Seismic Data, subject to the reservation set forth in Section 2.

 

2. Irrevocable License to Use Seismic Data. Assignor hereby RESERVES an irrevocable license to access, view, copy, publish, create derivative works, analyze, map or otherwise use the Seismic Data for Assignor’s own use or benefit or for the use or benefit of Assignor’s successors or assigns.  In the event that Assignee shall sell or otherwise transfer all, or any part of, the Seismic Data, Assignor shall employ commercially reasonable efforts to ensure that any transferee of the Seismic Data is aware of Assignor’s irrevocable license as set forth herein.

 

3. Representations and Warranties.  Seller represents and warrants that it is the owner of the Seismic Data and Assignor has the authority to assign to Assignee, and its successors and assigns, rights to use the Seismic Data for Assignee’s use and benefit.

 

4. Disclaimer of All Other Representations.  UNLESS SPECIFICALLY WARRANTED AS SET FORTH ABOVE, SELLER HEREBY TRANSFERS THE SEISMIC DATA AS-IS, WHERE-IS, AND MAKES NO REPRESENTATIONS OR WARRANTIES WITH REGARD TO THE SEISMIC DATA OR THE COMPLETENESS OR ACCURACY THEREOF AND HEREBY DISCLAIMS ANY AND ALL OTHER REPRESENTATIONS OR WARRANTIES OF ANY KIND, INCLUDING, WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR OF NON-INFRINGEMENT OF THE RIGHTS OF THIRD PARTIES.

 

5. Complete Agreement.  It is the intention of Seller and Buyer that this Bill of Sale shall constitute a full and complete conveyance and transfer of Seller’s right, title and interest in and to the Drilling Equipment, if any, but Seller agrees to execute and deliver from time to time hereafter, promptly after written request made by Buyer to Seller, such other and further separate and specific documents as reasonably may be requested by Buyer to fully and completely convey the Drilling Equipment intended to be conveyed pursuant to this Bill of Sale.

 

6. Choice of Law.  This Bill of Sale shall be governed by and construed in accordance with the laws of the State of Michigan, without regard to its principals regarding conflicts of law.

 

7. Counterparts.  This Bill of Sale may be issued in one or more counterparts, each of which when taken together shall constitute one complete instrument.

 

[End of Text.  Signatures Follow.]

 

  

1

  

IN WITNESS WHEREOF, Assignor and Assignee have caused their duly authorized representatives to execute this Bill of Sale effective as of the Effective Date.

 

 

 

	  	
RANGE MICHIGAN LLC

By its Manager: Range Exploration Partners LLC

 

	  
	  	  	  	  
	  	
By:

	/s/ Frode Aschim	  
	  	  	
Frode Aschim, Manager

	  

 

 

 

	 	
LJM

 

LJM Energy Corp.

	 
	 	 	 	 
	 	By: 	/s/ Joel Felix	 
	 	 	Joel Felix	 
	 	Its: 	Chief Executive Officer 	 

 

 

 

  

2

  

Exhibit A

 

Description of Seismic Data

 

 

 

 

 

 

 

Dansville Area 3D field design in T-2-N; R-1-E. The receiver points are shown in red and the source points are shown in blue. Shot in Jan-Feb 2009 by Bay Geo- physical, processed by Tricon Geophysics.

 

 

Total surface coverage is 5.469 sq. mi.

  

3

  

 

 

 

 

Mason 3D area in T-2-N; R-1-W. Receiver points are shown in red, source points are blue. Shot in April 2009 by Bay Geophysical, processing by Tricon Geophysics.

 

 

Total surface coverage is 3.921 sq mi.

  

4

  

 

 

 

 

Kinneville 3D area in T-1-N; R-2-W. Receiver lines are shown in red, source points in blue. Shot in March, 2009 by Bay Geophysical, processing by Tricon Geophysics.

 

 

Total surface area recorded is 3.656 sq mi.

  

5

  

 

 

 

 

 

Connvis area 3D field design map for Calhoun County, T-1-S; R-6-W. Receiver points are shown in red, source points are shown in blue. Recording was done in April, 2009 by Great Lakes Geophysical and processing was done by Tricon Geophysics.

 

 

Total surface area for field work was 6.184 sq mi.

 

6

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