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ASSIGNMENT OF MEMBERSHIP INTEREST

Assignment Agreement

ASSIGNMENT OF MEMBERSHIP INTEREST | Document Parties: CONTINENTAL RESOURCES INC | 20 Broadway Associates LLC | Continental Resources, Inc You are currently viewing:
This Assignment Agreement involves

CONTINENTAL RESOURCES INC | 20 Broadway Associates LLC | Continental Resources, Inc

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Title: ASSIGNMENT OF MEMBERSHIP INTEREST
Governing Law: Oklahoma     Date: 3/23/2011
Industry: Oil and Gas Operations     Sector: Energy

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Exhibit 10.1

ASSIGNMENT OF MEMBERSHIP INTEREST

This Assignment of Interest (this “ Assignment ”) is made as of the 18 th day of March 2011 from Harold Hamm (the “ Assignor ”) to Continental Resources, Inc. (the “ Assignee ”).

Recitals :

 

 

A.

Assignor owns all of the limited liability company interests and membership rights (collectively the “ Membership Interest ”) in 20 Broadway Associates LLC, an Oklahoma limited liability company (the “ Company ”); and

 

 

B.

Assignor desires to convey to Assignee all of the Membership Interest and any and all of Assignor’s right, title, and interest of any nature whatsoever in the Company (such interests and the Membership Interest being referred to in this Assignment as the “ Assigned Interests ”) and Assignee desires to acquire the Assigned Interests;

In consideration of the foregoing, twenty-two million nine hundred sixty-one thousand six hundred twenty-eight and No/100 Dollars ($22,961,628), consisting of the purchase price of 20 North Broadway, commissions and related closing costs, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Assignor and Assignee agree as follows:

 

 

1.

Assignor hereby grants, bargains, sells, transfers, assigns, and conveys to Assignee, its legal re


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