| Reference: | Letter of Intent      (“LOI”) for the establishment of a      business relationship between Harry Dawson and Signature Exploration &      Production Corp. |
|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Parties:             |                                                                                                                                                                                                                                                                                                                                                                                     |
|----------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                 |                                                                                                                                                                                                                                                                                                                                                                                     |
| SXLP:                | Signature      Exploration & Production Corp. (“SXLP”) is a Delaware incorporated      company.  SXLP is a reporting company, currently trading on the      OTC Bulletin Board.                                                                                                                                                                                |
|                 |                                                                                                                                                                                                                                                                                                                                                                                     |
| Harry Dawson:        | Harry  Dawson      (“HD”).                                                                                                                                                                                                                                                                                                                                         |
|                 |                                                                                                                                                                                                                                                                                                                                                                                     |
| Relationship:        | HD      owns a portion of and holds oil and gas lease agreements on a certain      2,200 acres in Barber County, KS., known as the Medicine River Ranch. HD      desires to develop oil and gas wells on the property known as the Medicine      River Ranch. SXLP is engaged in the business of exploration, finance,      development, and production of natural resource  properties. |
|                 |                                                                                                                                                                                                                                                                                                                                                                                     |
| Due Diligence:       | Each      party will perform its own review and analysis of information each such      party deems relevant for any relationship.                                                                                                                                                                                                                                                        |
|                 |                                                                                                                                                                                                                                                                                                                                                                                     |
| Expenses:            | All      respective due diligence costs and out of pocket expenses are the      responsibility of each party.                                                                                                                                                                                                                                                                            |
|                 |                                                                                                                                                                                                                                                                                                                                                                                     |
| Non      Circumvent: | For      a period of twenty four (24) months following the signing of this LOI,      SXLP agrees not to solicit, negotiate and/or accept any other oil and gas      offer or to circumvent or go around HD with respect to the Medicine River      Ranch without the written consent of theHD.                                                                                           |

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| Confidentiality:          | All      parties shall keep this LOI and related documents and the information      contained therein and herein in strict confidence, provided, however, that      the parties will be permitted to share such information with their      respective advisors and make such other disclosures as may be required by      applicable law.                                                                                                   |
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|                      |                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Closing Conditions:       | The      Closing (“Closing”)      of any relationship contemplated hereunder is subject to satisfaction of      customary closing conditions, including, each party’s due diligence      requirements, execution of a satisfactory agreement and any other      regulatory registration and compliance in connection with the      relationship.                                                                           |
|                      |                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Term of letter of Intent: | This      LOI will expire on June 30, 2009 or upon execution of definitive      agreements establishing a business relationship.                                                                                                                                                                                                                                                                                                             |
|                      |                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Nonbinding Agreement:     | Except      as set forth under the paragraph      entitled “Confidentiality” the provisions of which      shall be binding, the terms and conditions set forth in this LOI are not      intended to and do not constitute a binding or legally enforceable      agreement. This LOI shall be governed and      construed in accordance with the laws of the state of Florida, without      regard to conflicts of lawprincipals. |

| Signature      Exploration & Production                       |              | Harry      Dawson                                                                         |
|-------------------------------------------------------------------|-------------------|-------------------------------------------------------------------------------------------|
|                                                              |              |                                                                                      |   |   |
| By:                                                               | /s/ Steven Weldon |                                                                                      | By: | /s/Harry Dawson |
| Name:  Steven      Weldon                               |              | Name:       Harry Dawson                                                             |
| Title:           Chief Financial Officer |              |                   Title:Owner |

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