By and between
ENERGY PRODUCERS, INC.
LIFE ENERGY & TECHNOLOGY HOLDINGS LTD.
Dated as of October 29, 2000
THIS PURCHASE AGREEMENT (hereafter, "Agreement") is made and entered into as of October 30, 2000,
by and among Energy Producers, INC., a Nevada corporation (Hereafter "Company" OR "EPI"), and Life
Energy & Technology Holdings Ltd, a Company under the laws of Ireland (the "Seller" or "LETH").
THE PARTIES AGREE AS FOLLOWS:
AUTHORIZATION AND SALE OF STOCK
Section 1.1 AUTHORIZATIONS OF THE SHARES.
On or before the Closing Date (as defined in Section 2.1 below), the Company will have authorized the issuance
and sale of One million (1,000,000) shares of its Series B Twenty ($20.00) dollar Stated Value Preferred shares
convertible to approximately fifteen million, twelve thousand, one hundred and ten (15,012,110.) shares equal to
forty-nine (49%) percent of "the then outstanding", thirty million, six hundred and thirty six thousand, nine hundred
and sixty (30,636,960) shares of the Common Stock of the Company, par value $0.001 per share for both the
Preferred and Common Stock (hereafter "Shares "), pursuant to this Agreement. It is understood that at no time
can the conversion exceed forty nine (49%) percent of "the then outstanding" shares of the Company. It is
contemplated by the parties hereto that the Company's filing of a securities registration statement on Form SB2 or
Form 10KSB would include information otherwise required for filing by Life Energy & Technology Holdings Ltd.
on a Form 13D.
Section 1.2 SALE OF THE SHARES.
Subject to the terms and conditions hereof, on the Closing Date the Company shall issue one million (1,000,000)
convertible preferred shares twenty dollars, ($20) stated value for the purchase of Twenty Million ($20,000,000)
dollars of Natural Resource Commodity(s) (hereafter "NRC") from LETH or its wholly owned subsidiary. Life
Energy Natural Resources Limited (her