Ann: San Jacinto 3D Project - Harrell No1 Well Up, page-15

re: Ann: San Jacinto 3D Project - Harrell No1... Future Corporation Energy Strategy
The San-Jac project sits within the strategy of FUT to acquire low entry cost, low
development cost energy assets. With over $15 million USD already spent on the project to
date the purchase price and investment structure for FUT's 10% WI is extremely attractive.
Details of the Agreement
In consideration for its 10% WI in the San-Jac Project FUT will pay;
1. a total of $US1,333,333 to be paid in 20% instalments before each of the first five
wells are drilled (acquisition cost); and
2. its WI share of the drilling costs as a WI partner.
FUT is not required to carry any party in the drilling and completion of any wells.
Post the drilling of the first two wells FUT may, at its election, continue to participate in future
wells or elect not to proceed. Should it elect not to proceed it will not be liable for any further
acquisition cost payments.