Xun Energy, Inc. (fka XNRG)

[stevo51]

Like I said lift-off on agreement at any given time now:

8.
WHEREAS, the Parties will promptly, subject to the terms and conditions of this Letter; pursue negotiations of the specific terms of the Definitive Agreement. The Parties agree that PURCHASERS’s counsel shall prepare an initial draft of the Definitive Agreement. The execution of any such Definitive Agreement would be subject to the satisfactory completion of the PURCHASER’s ongoing investigation of the CORP’s assets, and would also be subject to approval by the respective Parties’ boards of directors no later than January 17, 2011. Based on the information currently known to PURCHASER, it is proposed that the Definitive Agreement, with an effective date of January 31, 2011, include the following terms: