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 CombinationEnerplus Resources Fund • December 10th, 2007 • Crude petroleum & natural gas
Company FiledDecember 10th, 2007 IndustryThis 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.