Exhibit 10.29

AGREEMENT
 
Agreement made this 17th day of October, 2007 by and between Able Energy, Inc.,
a corporation formed under the laws of the State of Delaware having an address
at 198 Green Pond Road, Rockaway, New Jersey 07866 ("Able"), and S&S NY
Holdings, Inc., a corporation formed under the laws of the State of Florida
having and address at 15335 Groose Point Lane, Clermont, Florida 34714 ("S&S").
 
WHEREAS, Able is engaged in the business, among other things, of the retail
distribution of home heating oil, propane gas, kerosene, and diesel fuels (the
"Fuel(s))";
 
WHEREAS, Able is seeking to obtain financing for its purchase of Fuel it sells
for other than fuels its sells for which it has received pre-payment from its
customers prior to delivery ("Pre-Paid Fuel"); and
 
WHEREAS, S&S has agreed to provide Able with financing for its purchase of Fuel
under the terms and conditions hereinafter set forth.
 
NOW, therefore upon the mutual covenants and agreements hereinafter contained
and intending to be legally bound, the parties hereby agree as follows:
 
1. Financing. Upon the execution of this Agreement, S&S will deposit the sum of
Five Hundred Thousand ($500,000) Dollars (the "Funds") in a bank account (the
"Account") to be opened and maintained exclusively by Able for the sole purpose
of using the Funds to purchase Fuel and effectuating the terms of this
Agreement.
 
2. Purchase of Fuel. Able shall have sole discretion and authority to use the
Funds to purchase Fuel on such terms, i.e., price, amount, etc. as it determines
in its sole discretion; however, Able agrees that it will not use the Fuel
purchased with the Funds to fulfill Able's obligations to its customers who
purchased Pre-Paid Fuel.
 
3. Sale of Fuel. Able shall have sole authority to sell the Fuel it purchases
with the Funds to its customers on such term and conditions as it determines in
its sole discretion.
 
4. Proceeds From Sale of Fuel. All proceeds received by Able from its customers
from the sale of Fuel as set forth in paragraph 3 of this Agreement shall be
deposited directly into the Account (the "Proceeds").
 

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5. Repayment of Funds; Payments to S&S. Commencing within thirty (30) days after
the execution of this Agreement and every thirty (30) days thereafter, Able
shall pay to S&S the sum of ten cents ($0.10) for each gallon of Fuel it sells
to its customers in accordance with paragraph 3 of this Agreement from the
Proceeds deposited in the Account which shall payments shall reduce dollar for
dollar the initial financing in the amount of five hundred thousand ($500,000)
dollars. In addition, Able shall also pay S&S from the Proceeds commencing
within seven (7) days from the execution of this Agreement and every seven (7)
days thereafter, the sum of seven and one-half cents ($0.075) for each gallon of
Fuel it sells to its customers representing S&S's profit in this transaction
(the "Additional Payment"); but, in no event shall the Additional Payment to S&S
in any thirty (30) day period be less than $37,500 (the "Minimum Additional
Payment"). Notwithstanding anything to the contrary herein, S&S shall not
receive any payment for any sums received from the sale of Pre-Paid Fuel.
 
6. Reconciliation of Account. Commencing thirty (30) days from the date of the
execution of this Agreement and every thirty (30) days thereafter, Able shall
provide an accounting to S&S of the Account setting forth all amounts withdrawn
from the Account, all amounts deposited into the account, the amount (in
gallons) of Fuel purchased with the Funds in the account on a daily basis and
the amount (in gallons) of Fuel sold on a daily basis from the Fuel it purchased
with the Funds.
 
7. Security Interest. Able hereby grants to S&S a security interest in Able's
accounts and New Jersey customer list and the vehicles listed on Exhibit A
annexed hereto (the "Collateral"). The security interest in the Collateral
secures the payment and performance of all existing and future obligation of
Able to S&S under paragraph 5 of this Agreement. It is understood and agreed by
S&S that its security interest in the Collateral is subordinate to the security
interest in the same Collateral granted by Able to Entrepreneur Growth Capital,
LLC ("EGC") under certain loan and security agreements between EGC and Able. The
EGC line of credit has a maximum cap of one million ($1,000,000) dollars. Able
will take the steps necessary to file the UCC-1 forms within seven (7) business
days of the execution of this Agreement to acknowledge S&S's security interest
in the Collateral.
 
8. Term. The term of this Agreement shall be a minimum of ninety (90) days from
the date of the execution of this Agreement (the "Initial Term"). Upon the
expiration of the Initial Term Able shall have right to reload the Account up to
the sum of five hundred thousand ($500,000) dollars for an additional ninety
(90) day period. Upon the expiration of the Initial Term or any extension
thereof, the principal amount of the Funds then outstanding shall be repaid to
S&S. Either party may terminate this Agreement upon thirty (30) days notice to
the other party prior to the expiration of the Initial Term or any extension
thereof.
 
9. Covenants. During the Term of this Agreement, Able shall
 
(a) Not dispose of, transfer, assign, mortgage, or in any manner encumber the
Account or Fuel purchased with Funds from the Account;
 
(b) Afford S&S and its representatives reasonable access, after appropriate
notice to all records relating to the Account, the purchase of Fuel from the
Funds and the sale of Fuel purchased with the Funds. Any such investigation and
examination shall be conducted during regular business hours and under
reasonable circumstances, and Able shall cooperate fully therein;
 

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(c) Conduct its business only in the ordinary course of business;
 
(d) Maintain the assets essential to the purchase and sale of the Fuel in good
operating repair and condition, subject to normal wear and tear, and make
repairs and replacements in accordance as necessary;
 
(e) Notify S&S concerning any material changes to status of the business,
operations, and finances of Able;
 
(f) Use the Funds for the sole purpose of purchasing Fuel;
 
(g) Deposit all proceeds from the sale of Fuel it receives from its Customers in
the Account;
 
(h) Continue to make the payments to S&S required under paragraph 5 of this
Agreement; and
 
(i) Continue in full force and effect or renew or replace all policies of
insurance now in effect which cover the assets of its business and property and
give all notices and present all material claims under all policies of insurance
in due and timely fashion. Able will take steps necessary to add S&S as
additional insured on such policies to the extent of the amount of the Funds
within seven (7) business days of the execution of this Agreement.
 
10. Indemnification. Able shall indemnify and hold S&S and its directors,
officers, employees, affiliates, agents, successors and assigns harmless from
and against:
 
(a) any and all losses, liabilities, obligations, damages, costs and expenses
based upon, attributable to or resulting from the operation of the Account and
subsequent purchase and sale of Fuel incurred by Able during the Term, and
 
(b) any and all notices, actions, suits, proceedings, claims, demands,
assessments, judgments, costs, penalties and expenses, including attorneys' and
other professionals' fees and disbursements incident to any and all losses,
liabilities, obligations, damages, costs and expenses with respect to which
indemnification is provided hereunder
 
11. General Provisions
 
(a) Further Assurances. Each party, will upon request of the other, execute and
deliver all instruments and documents of further assurance or otherwise, and
perform all acts and things, which may be required to carry out its obligations
hereunder and to consummate and complete the transactions contemplated by this
Agreement.
 

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(b) Independent Contractor. In all activities under this Agreement S&S shall be
an independent contractor. Nothing in this Agreement shall be deemed to make
S&S, any of its subsidiaries, or employees; the agent, employee, joint venture
partner or employee of Able.
 
(c) Notices. Any notice or other communication under the provisions of this
Agreement shall be in writing, and shall be given by postage prepaid, registered
or certified mail, return receipt requested, by hand delivery with an
acknowledgment copy requested, or by the Express Mail service offered by the
United States Post Office or by any reputable overnight courier service,
directed to the addresses set forth above, or to any new address of which any
party hereto shall have informed the others by the giving of notice in the
manner provided herein. Such notice or communication shall be effective, if sent
by mail, three (3) days after it is mailed within the continental United States;
if sent by Express Mail service or overnight courier service, one day after it
is mailed; or by hand delivery, upon receipt.
 
(d) Governing Law. This agreement and the transaction documents shall be
governed by and construed in accordance with the laws of the State of New York
without regard to principles of conflicts of law. In any dispute arising
hereunder or in connection with this agreement the parties agree to submit to
the jurisdiction of the state courts located in New York.
 
(e) Parties-In-Interest. This agreement shall be binding upon and inure to the
benefit of the parties hereto, their respective heirs, administrators,
executors, successors and assigns.
 
(f) Entire Agreement and Modification. This Agreement constitutes and contains
the entire Agreement of the parties and supersede any and all prior
negotiations, correspondence, understandings and agreements between the parties
respecting its subject matter. This Agreement may not be amended except by a
written agreement executed by the party to be changed with the amendment.
 
(g) Waiver. Any of the terms and conditions of this Agreement, and any
inaccuracies in any of the representations or warranties contained herein, may
be waived at any time and from time to time, in writing, by such parties as are
entitled to the benefit of such terms, conditions, warranties or
representations. Such waiver shall not constitute or be deemed a waiver of any
other terms, conditions or inaccuracies.
 
(h) Interpretation. Headings, captions, section or section numbers appearing in
this Agreement are for ease of reference and convenience only, and shall in no
way be deemed to define, modify, affect, limit or describe the scope, intent or
content of this Agreement or of provisions to which they relate.
 

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(i) Singular or Plural Words. Whenever used, the singular pronoun will include
the plural, the plural will include the singular, and the uses of any gender
will include all genders as required or necessary for proper grammatical reading
or as the sense or context requires.
 
(j) Drafting Presumptions. Any ambiguity in this Agreement shall not be
construed in accordance with any presumption against the party initially
drafting this Agreement. If any provision of this Agreement may be construed in
two or more ways, such provision shall have the meaning which renders it valid
and enforceable.
 
(k) Severability. The invalidity of any one or more of the words, phrases,
sentences, clauses, sections or subsections contained in this Agreement shall
not affect the enforceability of the remaining portions of the Agreement or any
part hereof, all of which are inserted conditionally on their being valid in
law, and, in the event that any one or more of the words, phrases, sentences,
clauses, sections or subsections contained in this Agreement shall be declared
invalid, this Agreement shall be construed as if such invalid word or words,
phrase or phrases, sentence or sentences, clause or clauses, section or sections
or subsection or subsections had not been inserted.
 
(1) Assignment. This Agreement may be not assigned by Able without the written
consent of S&S.
 
(m) Counterparts. This Agreement may be executed in several counterparts and all
of such counterparts shall constitute one and the same instrument with the same
force and effect as if all the parties had executed the same document.
 
IN WITNESS WHEREOF, the parties have executed this Agreement, or caused this
Agreement to be executed by their duly authorized representatives, as of the day
and year first above written.
 

  Able Energy, Inc.          Witness: ____________________________  By:     /s/
Gregory D. Frost                                 
Gregory D. Frost, 
 
Chief Executive Officer 
          S&S NY Holdings, Inc.          Witness: ____________________________ 
By:    /s/ Manpreet S. Thaper                             
Manpreet S. Thaper, 
 
President 

 
 

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FIRST AMENDMENT
TO
FUEL SUPPLY AGREEMENT
 
This First Amendment (the "Amendment") to the Fuel Supply Agreement entered into
October 17, 2007 between Able Energy, Inc., a corporation formed under the laws
of the State of Delaware having an address at 198 Green Pond Road, Rockaway, New
Jersey 07866 ("Able"), and S&S NY Holdings, Inc., a corporation formed under the
laws of the State of Florida having and address at 15335 Groose Point Lane,
Clermont, Florida 34714 ("S&S") (the "Agreement"), is entered into this 5th day
of February, 2008.
 
WHEREAS, pursuant to the Agreement S&S agreed to provide Able with financing to
purchase home heating oil, propane gas, kerosene, and diesel feels (the
"Fuel(s))";
 
WHEREAS, the parties desire to extend the Term of the Agreement upon the terms
and conditions hereinafter set forth.
 
NOW, therefore upon the mutual covenants and agreements hereinafter contained
and intending to be legally bound, the parties hereby agree as follows:
 
1.    All defined terms in the Agreement shall have the same meaning in this
Amendment.
 
2.    Paragraph 8 of the Agreement shall be amended to extend the Term of the
Agreement to and through March 31, 2008.
 
3.    The parties recognize and agree that pursuant to paragraph 5 of the
Agreement Able has repaid S&S the sum of $100,000 of the Funds advanced by S&S
to Able to purchase Fuel under the Agreement.
 
4.    Paragraph 1 of the Agreement is hereby amended to provide that S&S shall
continue to deposit with Able the sum of $400,000 to purchase Fuel subject to
the terms and conditions of the Agreement.
 
5.    Paragraph 5 of the Agreement is hereby modified to provide that the
Additional Minimum Payment set forth therein shall be decreased from $37,500 to
$30,000.
 
6.    Paragraph 5 of the Agreement is hereby further modified to add a provision
that Able can repay the entire balance of the Funds at any time prior to the
expiration of the Term of the Agreement, as hereby amended, without penalty.
 
7.    In all other respects the Agreement shall not be amended, modified or in
any manner changed and shall remain in full force and effect.
 

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IN WITNESS WHEREOF, the parties have executed this First Amendment to the
Agreement, or caused this First Amendment to the Agreement to be executed by
their duly authorized representatives, as of the day and year first above
written,.
 

  Able Energy, Inc.          Witness: ____________________________  By:     /s/
Gregory D. Frost                                 
Gregory D. Frost, 
 
Chief Executive Officer 
          S&S NY Holdings, Inc.          Witness: ____________________________ 
By:    /s/ Manpreet S. Thaper                             
Manpreet S. Thaper, 
 
President