Polar Petroleum Corp. (POLR)

[ofspring]

Exhibit 10.1

PURCHASE AGREEMENT


THIS AGREEMENT, dated effective as of May 31, 2013, is between DANIEL K. DONKEL (“Donkel”) and SAMUEL H. CADE (“Cade”)(hereinafter collectively referred to as " Sellers " ) and POLAR PETROLEUM (AK) CORP., an Alaska corporation (hereinafter called " Buyer " ).

Recitations

1. State of Alaska Oil and Gas Leases ADL 392123, 392124, 392125, 392126, 392127, 392128, 392129, 392130, 392131, 392132, 392133 and 392134, covering the lands more particularly described on attached Exhibit A (hereinafter called the “ Leases ”), are owned by the Sellers as reflected by the records of the Division of Oil and Gas, Department of Natural Resources of the State of Alaska; and