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                           P R O M I S S O R Y  N O T E

$400,000.00 (USD)                                        DUE: February 28, 2007
                           Vancouver, British Columbia

                            Dated: November 01, 2006

FOR  VALUE  RECEIVED,  QUANTUM  ENERGY,  INC.  (hereinafter  referred  to as the
"Borrower"),  of 1880 - 1066 West Hastings Street, Vancouver,  British Columbia,
HEREBY PROMISES TO PAY to the order of NITRO PETROLEUM INCORPORATED (hereinafter
referred to as the  "Lender"),  of #29 - 3800 Pinnacle Way,  Gallaghers  Canyon,
Kelowna,   British  Columbia,   the  principal  sum  of  Four  Hundred  Thousand
($400,000.00)  Dollars  of  lawful  money of the  United  States  together  with
interest at ten (10 %) percent  per annum  calculated  monthly,  not in advance,
after as well as before  maturity or default,  on the amount of  principal  from
time to time remaining unpaid.

1.                The Borrowers will repay the principal sum outstanding on
                  February 28, 2007 together with interest accruing thereon at
                  the aforesaid rate, at the offices of the Lender;

2.                The  Borrower,  if it duly  observes  and  performs all of the
                  covenants  on its part to be  observed  and  performed,  is at
                  liberty  from  time to time to pay off all or any  part of the
                  principal as remains  unpaid or any part of it,  together with
                  applicable  interest on the amount of principal so paid to the
                  date of such payment without notice or bonus; and

3.                Default in the payment of  principal  or interest  required by
                  the  Lender  at the sole  option of the  holder of this  Note,
                  renders the entire  unpaid  balance of  principal  and accrued
                  interest immediately due and payable.



THE BORROWER  HEREBY  waives demand and  presentment  for payment and notices of
non-payment or protest of this Note.

THE CORPORATE SEAL OF                                )
QUANTUM ENERGY, INC.                                 )
was affixed hereto in the presence of:               )
                                                     )
/s/ Ted Kozub                                        )                 c/s
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Authorized Signatory                                 )
                                                     )
                                                     )
Authorized Signatory                                 )

THE CORPORATE SEAL OF                                )
NITRO PETROLEUM                                      )
INCORPORATED was affixed hereto                      )
in the presence of:                                  )
                                                     )
/s/ Ted Kozub                                        )                 c/s
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Authorized Signatory                                 )
                                                     )
                                                     )
Authorized Signatory                                 )