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EXHIBIT 10.12
 
Equity Investment Commitment between Rex Carr and International Fuel Technology,
Inc.

Effective December 11, 2007, I, Rex Carr, a director of International Fuel
Technology, Inc. (the “Company”) and a holder of over five (5%) of the Company’s
common stock agree to invest up to an aggregate of $1,000,000 in the Company
(the “Commitment”), at such time or times as the Company may request, in the
form of a purchase or purchases of restricted common stock of the Company.  The
Company may elect to draw from the Commitment at one time or from time to time,
subsequent to March 1, 2008; provided, however, that the aggregate of such draws
may not exceed $1,000,000.  If and when the Company elects to utilize available
Commitment funds, the Company shall issue to me that number of shares of
restricted common stock of the Company equal to the value of the investment then
provided to the Company.  The number of shares to be issued will be calculated
based on the closing price of the Company’s common stock as quoted on The OTC
Bulletin Board on the date of the sale.
 
 
By:
/s/ Rex Carr
 
Date
 December 11, 2007
 
Rex Carr
       
Director
                               
By:
/s/ Jonathan R. Burst
 
Date
 December 11, 2007
 
Jonathan R. Burst
       
Chief Executive Officer
       

 
 

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