New Frontier Energy – Contract (December 29th, 2008)
Exhibit 10.2 NEW FRONTIER ENERGY, INC. TERMINATION AGREEMENT THIS TERMINATION AGREEMENT (the "Termination Agreement") is made effective as of the 12th day of December 2008, by and among New Frontier Energy, Inc., a Colorado corporation (the "Company"), and Iris Energy Holdings Limited, a Samoa company (the "Investor"). A. The Company and Investor are parties to an Agreement to Appoint Directors effective December 1, 2006 (the "Agreement to Appoint Directors"). B. Effective October 10, 2008, Investor appointed Mukund Krishnaswami, David P. Kelly II and Michel Escher to the Board of Directors of the Company pursuant to the Agreement to Appoint Directors. C. Pursuant to the Agreement to Appoint Directors, under certain circumstances, Investor would be entitled to appoint additional members to the Board of Directors of the Company. D.