EXHIBIT 10.8 UNANIMOUS CONSENT OF BOARD OF DIRECTORS IN LIEU OF SPECIAL MEETING November 18, 1997 RESOLVED, that Future Petroleum Corporation is hereby authorized to enter into certain contracts, the terms of which are stated below, with the following individuals: C. Carl Price; Robert Price; Don Wm. Reynolds. These contracts are for a term of five (5) years from November 18, 1997. This unanimous consent agreement will also serve as the contracts between Future Petroleum Corporation and the above individuals. In consideration for the rental of certain property controlled by him and used as a storage yard by Future Petroleum Corporation, Mr. Robert Price is guaranteed the annual sum of not less than $15,600. The Corporation, at its discretion, may make this rental payment in cash or shares of Future Petroleum Corporation restricted common stock. The price per share for stock in lieu of cash payment through January 31, 1998, is the average midpoint price between bid and ask for the five (5) days prior to November 18, 1997, which is forty - - -two cents ($0.42) and shall be prorated from November 18, 1997, to December 31, 1997. The price per share for stock in lieu of cash payment after January 31, 1998, will be the average midpoint price between bid and ask for the five (5) days prior to the agreed date of payment. Payment shall be made on an annual basis by January 31 following the year of rental. The stock will be registered at the time it is issued in lieu of cash payment. Mr. Price is granted the right to receive the total amount of his annual rental payment for 1998 at any time prior to January 31, 1998. IN WITNESS WHEREOF, the undersigned have executed this unanimous consent, in one or more counterparts, as of the 18th day of November, 1997. FUTURE PETROLEUM CORPORATION AGREED TO BY: By /s/ B. Carl Price B. Carl Price By /s/Robert Price Robert Price By /s/ Don Wm. Reynolds Don Wm. Reynolds By /s/Charles Dean Laudeman Charles Dean Laudeman By /s/ D. William Reynolds, Jr. D. William Reynolds, Jr.