SECOND AMENDMENT OF DEVELOPMENT AGREEMENT
THIS SECOND AMENDMENT OF DEVELOPMENT AGREEMENT is effective as of November 12,
2007, between Fuel Frontiers, Inc., a Nevada corporation and Kentucky Fuel Associates, Inc., a Kentucky
corporation, collectively known as (the “Parties”)
WHEREAS, the Parties mutually agree to amend the Development Agreement first entered into between
the Parties on July 30, 2007:
NOW, THEREFORE, in consideration of the premises contained herein and other good and valuable
consideration, the receipt and legal sufficiency of which is hereby acknowledged, the Parties hereby agree that the
Development Agreement be and the same hereby is amended as follows:
1.
Paragraph 2(C) of the Development Agreement is hereby amended and restated in its
entirety as follows:
“2. C.
In consideration for each site located by KFA pursuant to the terms of this
Agreement, and accepted by FFI for development, FFI agrees to pay KFA (7%) of the
net pre-tax income of each CTL fuel production facility identified by KFA and developed
by FFI for the entire lifetime of each production facility, to be distributed on a quarterly
basis, within 30 business days of FFI and/or its parent company Nuclear Solutions, Inc.’s
quarterly SEC filing. The computation of the quarterly net income shall be in accordance
with GAAP accounting standards.”
The Parties each hereby represents and warrants that they have full right, power and authority to enter into this
Agreement and that the respective persons executing this Agreement are duly authorized to do so.
IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement the day and
year first above written.
Dated this 12 th day of November, 2007.
FUEL FRONTIERS, INC.
KENTUCKY FUEL ASSOCIATES, INC.
Patrick Herda /s/
Garry Sparks /s/
By: Patrick Herda
By: Garry Sparks
Title: Chairman & CEO
Title: President