December 2, 2007 Focus Energy Trust FET Resources Ltd. 3300, 205 5th Avenue S.W. Calgary, Alberta T2P 2V7 Attention: Derek W. Evans President and Chief Executive Officer Dear Sir: Re: Proposed Business CombinationBusiness Combination Agreement • December 10th, 2007 • Enerplus Resources Fund • Crude petroleum & natural gas
This letter sets forth the agreement between Enerplus Resources Fund ("Enerplus"), EnerMark Inc. ("EnerMark"), Focus Energy Trust ("Focus") and FET Resources Ltd. ("FET Resources") with respect to a proposed transaction (the "Transaction") to combine Enerplus and Focus.
