PURCHASE/SALE AGREEMENT

EXHIBIT 10-1

This Agreement is made and entered into by and between Mr. Joel Silver ____________________(the “Seller”); and Signature Exploration and Production Corp. (the “Purchaser”).

Whereas, the Seller is the record owner and holder of a certain oil, gas and/or mineral lease which is unencumbered by any liens or other restrictions, (the “Lease”).

Whereas, Joel Silver holds a Fifteen (15%) percent interest in the Lease, Mark Casteel holds a Fifteen (15%) percent interest in the Lease, Signature Exploration and Production Corp. has an option to purchase up to a Thrity (30%) percent interest in the Lease and the remaining Forty (40%) pecent interest in the Lease is to be used for funding drilling and operations of the Lease.  After the purchase of the Five (5%) percent interest in the Lease represented in this transation, Signature Exploration and Production Corp. will have the option of purchasing the remaining 25% interest in the Lease for $25,000.  After the closing of this transaction, Joel Silver’s and Mark Casteel’s interest in the Lease will remain 15% each.

Whereas, the Purchaser desires to purchase a Five  (5.00%) percent turnkey working interest in said Lease and the Seller desires to sell a Five (5.00%) percent turnkey working interest in said Lease, upon the terms and subject to the conditions hereinafter set forth:

Now therefore, in consideration of the mutual covenants and agreements contained in this agreement and in order to consummate the purchase and sale of the Lease, is hereby agreed as follows: