<DOCUMENT><TYPE>EX-<SEQUENCE>2<FILENAME>whiteknightagreement<DESCRIPTION>AGREEMENT<TEXT>

White Knight SST, Inc.

**LOGO**

December 22, 2003Mr Alex EdwardsChief Executive OfficerSave On Energy, Inc.Dear Mr. Edwards:

The following outlinedetails the major components of our plan to reorganize SOEI into a bona fidecompany commercializing the technology. Accordingly, the following Agreementrepresents an understanding between the signatories hereto. 

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1. The following  items will require the preparation of certain legal documents. Counsel will be  selected by unanimous agreement of the Board of Directors. In addition to this  Agreement, we envision a need for (i) a cancellation of the 360 license; (ii)  evaluation of foreign license; (iii) new Davis Family Trust - SOEI license.  

2. White Knight  commits to provide up to $250,000 for operational purposes as well as for  professional fees. 

3. The 360 license  rights relating to the Davis technology shall be assigned back to SOEI with an  acknowledgement that Escape Velocity has invested between $750,000 -  $1,000,000 (this number will be verified by SOEI's auditors) and may take such  investment as shares of SOEI common stock. Our goal is to not add to the SOEI  debt.   Except as it may impact negotiating a new foreign license, the Preferred A and  B, at present, would be left unaltered. 

4. White Knight  (John Stanton and Mark Clancy) shall be appointed as members of the Save On  Energy Board of Directors. The public filings indicate Messrs. Ricky Davis and  Muzzaini are the only current Members of the Board. 

5. John Stanton  shall be named Chairman of the Board.

6. Mark Clancy  shall also be named interim Chief Executive Officer. Mark shall appoint Peter  Calvert as Chief Operating Officer. 

7. Mr. Ricky Davis  shall remain as the Chief Financial Officer. 

8. Alex Edwards  shall resign as the Chief Executive Officer of Save On Energy. 

9. The Letters of  Intent executed between 360 and the two potential acquisition companies will  be assigned to EFTI. 

10. Frank is to  respond to patent questions and secure the final electronic patents. These and  existing patents will now fall under the new license agreement. 

11. Peter Calvert  will be contact Bachman in Texas to negotiate an exclusive sales contract with  minimal performance criteria (sufficient to get the company into the black).  This is part and parcel of our "first sales" operating strategy. 

12. Frank Sanchez  and Paul Gagnon will be terminated.

13. White Knight  shall work with Peter Calvert and Frank Davis and develop a minimal budget for  the months of January through March. This budget will be revised in March to  account for first quarter activities.

14. White Knight  shall take all steps necessary to cause the SOEI regulatory filings to be  brought up to date and current. 

15. Fees paid to  the White Knight both shall be in the form of restricted common stock. For  this project, White Knight shall be compensated with an issuance equal to 5%  of the total shares issued and outstanding after the plan is installed. 

16. The signatories  hereunder acknowledge that Save On Energy and White Knight SST are both  publicly traded companies. As such, the contents of this correspondence must  be maintained in strict confidence. Upon proper execution of this Agreement,  White Knight SST shall circulate a press announcement for approval prior to  release. 

Should the foregoingmeet with the approval of the persons indicated below, please sign and return toour offices via facsimile at (813)-314-2153. Should any signatory below have anyquestions, please contact White Knight President Mark Clancy at (813)-624-5515.Time is of the essence and we would encourage all participants to indicate theirpreference as soon as practical. Upon receipt of the executed signatures below,White Knight and Frank Davis shall immediately hold a conference telephone callwith attorneys to prepare the appropriate documentation. Proposal Issued By White Knight SST, Inc./s/ MARK CLANCYby its President Mark ClancyProposal Accepted:On behalf of 360 Energy                                                                On behalf of Save On Energy, Inc./s/ ALEXANDER EDWARDS III                                                      /s/ ALEXANDER EDWARDS IIIby its Chief Executive Officer Alex Edwards                                     by its Chief Executive Officer Alex Edwards</TEXT></DOCUMENT>