Exhibit 10.3 






INDEMNIFICATION
AGREEMENT 



        This
Indemnification Agreement (this “Agreement”) is made as of August 7, 2009 by and
between NEW FRONTIER ENERGY, INC., a Colorado corporation (the “Company”), and
SAMYAK VEERA (“Indemnitee”). 




RECITALS 



        In
August of 2009, the Company will enter into that certain Participation Agreement (the
“Participation Agreement”) with ENTEK USA, Inc. (“ENTEK”). To induce
ENTEK to enter into the Participation Agreement, Indemnitee has agreed to deposit Five
Hundred Thousand and No/100 Dollars ($500,000.00) (the “Stull Funds”) into a
newly established account owned by the Company (the “Stull Account”) to cover
certain potential liabilities of the Company related to litigation with Stull Ranches,
LLC. Funds deposited into the Stull Ranch Account shall not be commingled with other
Company funds. 



        The
Company desires to indemnify and reimburse Indemnitee if any of the Stull Funds are
released from the Stull Account for any reason whatsoever. 




AGREEMENT 



        In
consideration of the mutual promises made in this Agreement, and for other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the
Company and Indemnitee hereby agree as follows: 



     	1.	
          Indemnification. To the fullest extent permitted by applicable law, the
          Company shall indemnify and reimburse Indemnitee for any loss, liability, claim,
          damage, or expense, arising from or in connection with the release of the any of
          the Stull Funds from Stull Account, including any costs or expenses (which shall
          include, without limitation, attorneys fees) the Indemnitee may incur in
          pursuing or enforcing Indemnitee’s rights under this Agreement 


          



     	2.	
          Account Information. The Company shall provide to Indemnitee copies of
          monthly account statements for the Stull Account. Upon request by the
          Indemnitee, the Company shall provide up to date balance and transaction
          activity reports for the Stull Account within two (2) business days of receiving
          such request. 


          



     	3.	
          Governing Law. This Agreement and all acts and transactions pursuant
          hereto and the rights and obligations of the parties hereto shall be governed,
          construed and interpreted in accordance with the laws of the State of Colorado,
          without giving effect to principles of conflicts of law. 


          



     	4.	
          Entire Agreement; Binding Effect. This Agreement sets forth the entire
          agreement and understanding of the parties relating to the subject matter herein
          and merges all prior discussions and supersedes any and all previous agreements
          between them covering the subject matter herein. 


          













     	5.	
          Amendments and Waivers. No modification of or amendment to this
          Agreement, nor any waiver of any rights under this Agreement, shall be effective
          unless in writing signed by the parties to this Agreement. The failure by either
          party to enforce any rights under this Agreement shall not be construed as a
          waiver of any rights of such party. 


          



     	6.	
          Notices. Any notice, demand or request required or permitted to be given
          under this Agreement shall be in writing and shall be deemed sufficient when
          delivered personally or 48 hours after being sent by nationally-recognized
          courier or deposited in the U.S. mail, as certified or registered mail, with
          postage prepaid, and addressed to the party to be notified at such party’s
          address or fax number as set forth below or as subsequently modified by written
          notice. 


          



     	7.	
          Counterparts. This Agreement may be executed in two or more counterparts,
          each of which shall be deemed an original and all of which together shall
          constitute one instrument. 


          



     	8.	
          Successors and Assigns. This Agreement shall be binding upon the Company
          and its successors (including any direct or indirect successor by purchase,
          merger, consolidation or otherwise to all or substantially all of the business
          and/or assets of the Company) and assigns, and inure to the benefit of
          Indemnitee and Indemnitee’s heirs, executors, administrators, legal
          representatives and assigns. The Company shall require and cause any successor
          (whether direct or indirect by purchase, merger, consolidation or otherwise) to
          all or substantially all of the business and/or assets of the Company, by
          written agreement in form and substance satisfactory to Indemnitee, expressly to
          assume and agree to perform this Agreement in the same manner and to the same
          extent that the Company would be required to perform if no such succession had
          taken place. 


          



The parties have executed this
Agreement as of the date first set forth above. 















	
	

THE COMPANY 





/s/ Paul G. Laird

Paul G. Laird, Chief Executive Officer

New Frontier Energy, Inc.

1789 W. Littleton Blvd.

Littleton, CO 80120

Facsimile: +1 303 730 9985 





	THE INDEMNITEE

SAMYAK VEERA




/s/ Samyak Veera

07-95A Ubi Techpark

10 Ubi Crescent

Singapore 408564

Facsimile: +1 815 346 5814