EXHIBIT 10.6
STATE OF LOUISIANA SS.
SS.
PARISH OF DESOTO SS.
ASSIGNMENT, CONVEYANCE AND BILL OF SALE
THIS ASSIGNMENT, BILL OF SALE AND CONVEYANCE {"ASSIGNMENT"), is
effective August 4, 2008 at 7:00 a.m. Central Daylight Time (the "EFFECTIVE
TIME") and is entered into by and between MAINLAND RESOURCES, INC. a Nevada
corporation, whose address is 17314 SH 249, Suite 306, Houston, Texas 77064,
herein ("ASSIGNOR") AND PETROHAWK PROPERTIES, LP, a Texas limited partnership,
1000 Louisiana, Suite 5810, Houston, Texas 77002 {'|'ASSIGNEE"):
1. For One Hundred and No/100 ($ 100.00) Dollars and other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged. Assignor hereby sells, assigns, transfers, grants, bargains
and conveys unto Assignee sixty percent (60% of 100%) of all the right,
title and interest in and to the following real and personal property
interests owned by Assignor (collectively, the "PROPERTIES"):
(a) The oil, gas and/or mineral leases (the "LEASES') as described in
EXHIBIT A, covering the lands described in said EXHIBIT A, and in the
Leases, but only as to the depths 100 feet below the stratigraphic
equivalent of the base of the Cotton Valley formation, as identified
at 10,260 feet log depth in the electric log of the Winchester Samuels
23-1 well (API#17-031 -24064) (the "LAND" or "LANDS"), together with
all the property and rights incident thereto, including fee mineral,
net profits, reversionary, production payments and royalty interests
attributable thereto. The net revenue interest herein conveyed to
Assignee shall not be less than seventy-five percent (75%) of all
production attributable to the Leases proportionally reduced to the
interests being conveyed herein.
(b) The pooling, unitization and communitization agreements, declarations
and orders, and all other such agreements, if any, relating to the
Leases and Lands described in subsection (a).
(c) All existing and effective contracts and agreements, if any, relating
to the Leases, or the Lands, including without limitation, all
operating agreements, exploration agreements, farmout agreements, area
of mutual interest agreements, rights of ingress and egress (as long
as such rights do not interfere with the rights of Seller), if any,
insofar as they relate to the properties and interests described in
subsections (a) and (b).
(d) The permits, rights-of-way, surface leases, easements, and servitudes
used in connection therewith and all contracts and agreements relating
to the Properties, it being expressly understood and agreed that
Assignor reserves a non-exclusive right to utilize such permits,
rights-of-way, surface leases, easements, and servitudes in connection
with operations on depths not assigned herein.
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(e) Copies of all of Assignor's land files and records relating to the
Leases, described in subsections (a) through (d) above, including
Seller's lease files, abstracts and title opinions.
TO HAVE AND TO HOLD the Properties unto Assignee and its successors and assigns
forever.
2. This Assignment is made subject to the following terms and conditions:
(A) This Assignment is being made pursuant to the terms of the Letter
Agreement dated July 14, 2008, between Assignor and Petrohawk Energy Corporation
on behalf of Petrohawk Properties, LP (the "LA"). The Assignor and Assignee
intend that the terms of the LA remain separate and distinct from and not merge
into the terms of this Assignment.
(B) ASSIGNOR WARRANTS TITLE TO THE PROPERTIES FROM AND AGAINST ALL PERSONS
CLAIMING BY, THROUGH OR UNDER ASSIGNOR, BUT NOT OTHERWISE AND THAT THE LEASES
HAVE BEEN MAINTAINED IN FULL FORCE AND EFFECT PURSUANT TO THE TERMS OF EACH
LEASE.
(C) Assignee hereby agrees to assume, and to timely pay and perform, all
duties, obligations and liabilities relating to the ownership and/or operation
of the Properties after the Effective Time (including, without limitation, those
arising under the contracts and agreements described in Section 1 above).
(D) To the extent permitted by law, Assignee shall be subrogated to
Assignor's rights in and to representations, warranties and covenants given with
respect to the Properties. Assignor hereby grants and transfers to Assignee, its
successors and assigns, to the extent so transferable and permitted by law, the
benefit of and the right to enforce the covenants, representations and
warranties, if any, which Assignor is entitled to enforce with respect to the
Properties, but only to the extent not enforced by Assignor.
(E) This Assignment binds and inures to the benefit of Assignor and
Assignee and their respective successors and assigns.
EXECUTED on the dates contained in the acknowledgments of this
Assignment, to be effective for all purposes as of the Effective Time.
ASSIGNOR:
WITNESSES MAINLAND RESOURCES. INC.
/s/ BARCLAY RIDGE
________________________
/s/ LYNN HERTZBERG
________________________
By: /s/ MICHAEL J. NEWPORT
__________________________
Name: Michael J. Newport
Title: President
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ASSIGNEE:
PETROHAWK PROPERTIES, LP
/s/ BARCLAY RIDGE
________________________ By: P-H Energy, LLC, its general partner
/s/ K. STEPANSKI
________________________ By: /s/ STEPHEN W. HEROD
________________________________
Name: Stephen W. Hercd
Title: Executive Vice-President
ACKNOWLEDGEMENTS
STATE OF TEXAS SS.
SS.
COUNTY OF HARRIS SS.
I do hereby certify that Michael J. Newport, as President of Mainland
Resources, Inc., personally appeared before me this day and acknowledged the due
execution of the foregoing instrument on behalf of said corporation.
SWORN TO AND SUBSCRIBED before me on the 4th day of August, 2008.
[LINDSEY M. ECHOLS
NOTARY PUBLIC, STATE OF TEXAS
MY COMMISSION EXPIRES
MAR. 11, 2009
SEAL APPEARS HERE] /s/ LINDSEY M. ECHOLS
_____________________
Notary Public
STATE OF TEXAS SS.
SS.
COUNTY OF HARRIS SS.
I do hereby certify that Stephen W. Herod, as Executive Vice-President of
P-H Energy, LLC, general partner of Petrohawk Properties, LP, personally
appeared before me this day and acknowledged the due execution of the foregoing
instrument on behalf of Petrohawk Propeties, LP.
SWORN TO AND SUBSCRIBED before me on the 4th day of August, 2008.
[LAURA A. PLATON
MY COMMISSION EXPIRES
NOVEMBER 27, 2008
SEAL APPEARS HERE] /s/ LAURA A. PLATON
_____________________
Notary Public
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EXHIBIT "A"
ATTACHED HERETO AND MADE A PART HEREOF THAT CERTAIN ASSIGNMENT OF OIL, GAS AND
MINERAL, LEASES DATED AUGUST 4, 2008, BY AND BETWEEN MAINLAND RESOURCES, INC, AS
ASSIGNOR AND PETROHAWK PROPERTIES, LP AS ASSIGNEE
LESSOR STATE PARISH LEASE DATE BOOK/PAGE
SECTION 11(13N-14W)
Mary Griffith, etal Louisiana DeSoto 5/15/2007 912/46
Mary Griffith, etal Louisiana DeSoto 5/15/2007 912/46
Mary Griffith, etal Louisiana DeSoto 5/15/2007 912/46
Michael D. Burford Louisiana DeSoto 5/15/2007 912/54
Cody E. Burford Louisiana DeSoto 5/15/2007 912/58
Franklin Farms, LLC Louisiana DeSoto 8/20/2007 921/288
William J. Cole, et ux Louisiana DeSoto 8/20/2007 921/292
SECTION 12(13N-14W)
Michael D. Burford Louisiana DeSoto 5/15/2007 921/54
Cody E. Burford Louisiana DeSoto 5/15/2007 912/58
Sybil G. Clarke & Harris G. (H&W) Louisiana DeSoto 5/17/2007 912/62
Old Farm, LLC Louisiana DeSoto 8/07/2007 919/231
Cornelia S. Morgan Louisiana DeSoto 8/07/2007 919/227
SECTION 14(13N-14W)
Carolyn Griffith Moffett Louisiana DeSoto 2/01/2008 934/33
Barbara Griffith Couch Louisiana DeSoto 2/01/2008 938/872
Lena Griffith Savarese Louisiana DeSoto 2/01/2008 935/647
Dana Griffith Louisiana DeSoto 2/01/2008 935/706
Janis Jane Griffith Figueroa Louisiana DeSoto 2/01/2008 933/635
Mary A. Edwards Griffith, Usufruct. Louisiana DeSoto 3/06/2008 937/727
Deborah G. Griffith etal
Carolyn Patricia Lowrey Louisiana DeSoto 2/01/2008 934/166
John Perry Lowrey Louisiana DeSoto 2/01/2008 935/178
Luther M. Upchurch Louisiana DeSoto 7/29/2005 852/162 EXT 931/9
Carolyn Griffith Moffett Louisiana DeSoto 2/01/2008 934/33
Barbara Griffith Couch Louisiana DeSoto 2/01/2008 938/872
Lena Griffith Savarese Louisiana DeSoto 2/01/2008 935/647
Dana Griffith Louisiana DeSoto 2/01/2008 935/706
Janis Jane Griffith Figueroa Louisiana DeSoto 2/01/2008 933/635
Mary A. Edwards Griffith Usufruct Louisiana DeSoto 3/06/2008 937/727
Deborah G. Griffith etal
Carolyn Patricia Lowrey Louisiana DeSoto 2/01/2008 934/166
John Perry Lowrey Louisiana DeSoto 2/01/2008 935/178
George E. McGovern, Jr. Louisiana DeSoto 2/01/2008 935/268
Carolyn Griffith Moffett Louisiana DeSoto 2/01/2008 934/33
Barbara Griffith Couch Louisiana DeSoto 2/01/2008 938/872
Lena Griffith Savarese Louisiana DeSoto 2/01/2008 935/647
Dana Griffith Louisiana DeSoto 2/01/2008 935/706
Janis Jane Griffith Figueroa Louisiana DeSoto 2/01/2008 933/635
Mary A. Edwards Griffith Usufruct Louisiana DeSoto 3/06/2008 937/727
Deborah G. Griffith etal
Carolyn Patricia Lowrey Louisiana DeSoto 2/01/2008 934/166
John Perry Lowrey Louisiana DeSoto 2/01/2008 935/178
Patrick K. McGovern and Ramona B. McGovern Louisiana DeSoto 2/01/2008 934/381
Jack R. and Elsa Mims Louisiana DeSoto 2/26/2008 935/594
SECTION 15(13N-14W)
Carolyn Griffith Moffett Louisiana DeSoto 7/11/2005 852/129 EXT 930/416
Barbara Griffith Couch Louisiana DeSoto 7/11/2005 852/126 EXT 938/872
Lena Griffith Savarese Louisiana DeSoto 7/11/2005 852/117 EXT 932/376
Dana Griffith Louisiana DeSoto 7/11/2005 852/120 EXT 930/792
Janis Jane Griffith Figueroa Louisiana DeSoto 7/11/2005 849/635 EXT 938/872
Mary A. Edwards Driffith et al Louisiana DeSoto 8/19/2005 855/611 EXT 930/222
Carolyn Patricia Lowrey Louisiana DeSoto 7/22/2005 854/708 EXT 934/166
John Perry Lowrey Louisiana DeSoto 7/22/2005 854/304 EXT 935/178
Waylan R. Nattin, Sr. Louisiana DeSoto 6/16/2005 849/624 EXT 931/12
Wayian R. Nattin, Jr. Louisiana DeSoto 6/16/2005 849/624 EXT 931/12
Page 1 of 3
EXHIBIT "A"
ATTACHED HERETO AND MADE A PART HEREOF THAT CERTAIN ASSIGNMENT OF OIL, GAS AND
MINERAL, LEASES DATED AUGUST 4, 2008, BY AND BETWEEN MAINLAND RESOURCES, INC, AS
ASSIGNOR AND PETROHAWK PROPERTIES, LP AS ASSIGNEE
LESSOR STATE PARISH LEASE DATE BOOK/PAGE
Rodney I. Nattin Louisiana DeSoto 6/16/2005 849/624 EXT 931/12
Leslie Brent Moseley Louisiana DeSoto 7/11/2005 852/132 EXT 931/238
Sandra Elizabeth Townson Phillips Louisiana DeSoto 6/28/2005 852/123 EXT 930/529
Carolyn Griffith Moffett Louisiana DeSoto 7/11/2005 852/129 EXT 939/416
Barbara Griffith Couch Louisiana DeSoto 7/11/2005 852/126 EXT 938/872
Lena Griffith Savarese Louisiana DeSoto 7/11/2005 852/117 EXT 932/376
Dana Griffith Louisiana DeSoto 7/11/2005 852/120 EXT 930/792
Janis Jane Griffith Figueroa Louisiana DeSoto 7/11/2005 849/635 EXT 938/872
Mary A. Edwards Driffith et al Louisiana DeSoto 8/19/2005 855/611 EXT 930/222
Carolyn Patricia Lowrey Louisiana DeSoto 7/22/2005 854/708 EXT 934/166
John Perry Lowrey Louisiana DeSoto 7/22/2005 854/304 EXT 935/178
Waylan R. Nattin, Sr. Louisiana DeSoto 6/16/2005 849/624 EXT 931/12
Waylan R. Nattin, Jr. Louisiana DeSoto 6/16/2005 849/624 EXT 931/12
Rodney I. Nattin Louisiana DeSoto 6/16/2005 849/624 EXT 931/12
Leslie Brent Moseley Louisiana DeSoto 7/11/2005 852/132 EXT 931/238
Sandra Elizabeth Townson Phillips Louisiana DeSoto 6/28/2005 852/123 EXT 930/529
Carolyn Griffith Moffett Louisiana DeSoto 7/11/2005 852/129 EXT 930/416
Barbara Griffith Couch Louisiana DeSoto 7/11/2005 852/126 EXT 938/872
Lena Griffith Savarese Louisiana DeSoto 7/11/2005 852/117 EXT 932/376
Dana Griffith Louisiana DeSoto 7/11/2005 842/120 EXT 930/792
Janis Jane Griffith Figueroa Louisiana DeSoto 7/11/2005 849/635 EXT 938/872
Mary A. Edwards Friffith et al Louisiana DeSoto 8/19/2005 855/611 EXT 930/222
Carolyn Patricia Lowrey Louisiana DeSoto 7/22/2005 854/708 EXT 934/166
John Perry Lowrey Louisiana DeSoto 7/22/2005 854/304 EXT 935/178
Waylan R. Nattin, Sr. Louisiana DeSoto 6/16/2005 849/624 EXT 931/12
Waylan R. Nattin, Jr. Louisiana DeSoto 6/16/2005 849/624 EXT 931/12
Rodney I. Nattin Louisiana DeSoto 6/16/2005 849/624 EXT 931/12
Leslie Brent Moseley Louisiana DeSoto 7/11/2005 852/132 EXT 931/238
Sandra Elizabeth Townson Phillips Louisiana DeSoto 6/20/2005 852/123 EXT 930/529
Mona R. Williams Lewing Louisiana DeSoto 6/20/2005 849/631 EXT 933/467
Janice Neil Gill Louisiana DeSoto 6/20/2005 849/627 EXT 932/296
Carolyn Griffith Moffett Louisiana DeSoto 7/11/2005 852/129 EXT 930/416
Barbara Griffith Couch Louisiana DeSoto 7/11/2005 852/126 EXT 938/872
Lena Griffith Savarese Louisiana DeSoto 7/11/2005 852/117 EXT 932/376
Dana Griffith Louisiana DeSoto 7/11/2005 852/120 EXT 930/792
Janis Jane Griffith Figueroa Louisiana DeSoto 7/11/2005 849/635 EXT 938/872
Mary A. Edwards Griffith et al Louisiana DeSoto 8/19/2005 855/611 EXT 930/222
Carolyn Patricia Lowrey Louisiana DeSoto 7/22/2005 854/708 EXT 934/166
John Perry Lowrey Louisiana DeSoto 7/22/2005 854/304 EXT 935/178
Waylan R. Nattin, Sr. Louisiana DeSoto 6/16/2005 849/624 EXT 931/12
Waylan R. Nattin, Jr. Louisiana DeSoto 6/16/2005 849/624 EXT 931/12
Rodney I. Nattin Louisiana DeSoto 6/16/2005 849/624 EXT 931/12
Leslie Brent Moseley Louisiana DeSoto 7/11/2005 852/132 EXT 931/238
Sandra Elizabeth Townson Phillips Louisiana DeSoto 6/20/2005 852/123 EXT 930/529
Charles T. Odum, Jr. Louisiana DeSoto 6/20/2005 854/294 EXT 930/231
Desert Partners III, LP Louisiana DeSoto 3/14/2008 938/779
Simeon K. Horton Louisiana DeSoto 3/14/2008 943/217
Ashley Tad Hillin Louisiana DeSoto 3/14/2008 940/398
SECTION 16(13N-14W)
Stevenson Douglas, L.L.C. Louisiana DeSoto 10/18/2007 927/156
Marjorie Stevenson Douglas Louisiana DeSoto 10/18/2007 927/156
Robert Dale Jones and Sharon H. Jones Louisiana DeSoto 11/30/2007 928/18
William J. Cole and Charlene M. Cole Louisiana DeSoto 10/12/2007 927/151
Betty C. Edwards Louisiana DeSoto 10/15/2007 925/552
Desert Partners III, LP Louisiana DeSoto 3/14/2008 938/779
Simeon K. Horton Louisiana DeSoto 3/14/2008 943/217
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EXHIBIT "A"
ATTACHED HERETO AND MADE A PART HEREOF THAT CERTAIN ASSIGNMENT OF OIL, GAS AND
MINERAL, LEASES DATED AUGUST 4, 2008, BY AND BETWEEN MAINLAND RESOURCES, INC, AS
ASSIGNOR AND PETROHAWK PROPERTIES, LP AS ASSIGNEE
LESSOR STATE PARISH LEASE DATE BOOK/PAGE
Ashley Tad Hillin Louisiana DeSoto 3/14/2008 940/398
SECTION 21(13N-14W)
Desert Partners III, LP Louisiana DeSoto 3/14/2008 938/779
Simeon K. Horton Louisiana DeSoto 3/14/2008 943/217
Ashley Tad Hillin Louisiana DeSoto 3/14/2008 940/398
SECTION 22(13N-14W)
Desert Partners III, LP Louisiana DeSoto 3/14/2008 938/779
Simeon K. Horton Louisiana DeSoto 3/14/2008 943/217
Ashley Tad Hillin Louisiana DeSoto 3/14/2008 940/398
Cody Hislope Louisiana DeSoto 3/03/2008 936/160
Terry Cole Jr. Louisiana DeSoto 3/04/2008 936/156
Martin and Janice Lingle Louisiana DeSoto 3/04/2008 936/164
Jeremy and Tyra Blake Louisiana DeSoto 3/03/2008 938/317
SECTION 7(13N-13W)
Old Farm, LLC Louisiana DeSoto 8/29/2007 920/858
Cornelia S. Morgan Louisiana DeSoto 8/29/2007 920/862
Herbert Marshall Juergens Louisiana DeSoto 3/17/2008 938/600
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