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.   The Company and Investor have agreed, subject to the terms and
          conditions set forth herein, to terminate the Agreement to Appoint
          Directors.

     NOW, THEREFORE, in consideration of the mutual terms, covenants and
conditions hereinafter set forth, the parties hereto agree as follows:

     1. Acceptance of Resignations and Appointment of New Members to the Board
of Directors. The Company hereby agrees to accept the resignations of Grant
Gaeth and Michel Escher (collectively the "Resigning Members") as members of the
Board of Directors of the Company and to appoint Avi Faliks and Lazar G.
Schafran (collectively the "New Members") as members of the Board of Directors
of the Company.

     2. Termination of Agreement to Appoint Directors. Upon the resignation by
the Resigning Members, the acceptance of such resignations by the Company and
the appointment of the New Members to the Board of Directors of the Company, the
Agreement to Appoint Directors shall hereby be terminated and Investor has no
further right to appoint any members to the Board of Directors.

     3. Miscellaneous.

          (a)  Entire Agreement. This Termination Agreement among the parties
               hereto as contemplated by or referred to herein contain every
               obligation and understanding between the parties relating to the
               subject matter hereof and merges all prior discussions,
               negotiations, agreements and understandings, both written and
               oral, if any, between them, and none of the parties shall be
               bound by any conditions, definitions, understandings, warranties
               or representations other than as expressly provided or referred
               to herein.

          (b)  Headings. The subject headings of the sections contained in this
               Termination Agreement are included for convenience purposes only
               and shall not control or affect the meaning, construction or
               interpretation of any provision hereof.

          (c)  Binding Effect. This Termination Agreement shall be binding upon
               and inure to the benefit of the parties hereto and their
               respective successors, heirs, personal representatives, legal
               representatives, and permitted assigns.

          (d)  Notices. Any notice or other communication under this Termination
               Agreement shall be in writing and delivered personally or sent by
               certified mail, return receipt requested, postage prepaid, or
               sent by prepaid overnight courier to the parties at the addresses
               as follows (or at such other addresses as shall be specified by
               the parties by like notice):



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               If to the Company:

               New Frontier Energy, Inc.
               1789 W. Littleton Blvd.
               Littleton, CO 80120

               With a copy to:

               Schlueter & Associates, P.C.
               1050 17th Street, Suite 1750
               Denver, Colorado 80265

               If to the Investor:

               Iris Energy Holdings Limited
               L/2 Maxkar Bldg. PO Box 1225
               Apia, Samoa

          (e)  Severability. Should any provision of this Termination Agreement
               be declared invalid by a court of competent jurisdiction, the
               remaining provisions hereof shall remain in full force and effect
               regardless of such declaration.

          (f)  Counterparts. This Termination Agreement may be executed in
               several counterparts and shall constitute one agreement, binding
               on all parties hereto, notwithstanding that all parties are not
               signatory as to other original or the same counterpart. Facsimile
               signatures are acceptable.

          (g)  Governing Law. This Termination Agreement shall be construed
               under the laws of the State of Colorado.

          (h)  Jurisdiction and Venue. This Termination Agreement shall be
               subject to the exclusive jurisdiction of the courts in Arapahoe
               County, the State of Colorado or in the Federal District, the
               District of Colorado. The parties to this Termination Agreement
               agree that any breach of any term or condition of this
               Termination Agreement shall be deemed to be a breach occurring in
               the State of Colorado by virtue of a failure to perform an act
               required to be performed in the State of Colorado and irrevocably
               and expressly agree to submit to the jurisdiction of the courts
               in Arapahoe County, the state of Colorado or in the Federal
               District, the District of Colorado for the purpose of resolving
               any disputes among the parties relating to this Termination
               Agreement or the transactions contemplated hereby. The parties
               irrevocably waive, to the fullest extent permitted by law, any
               objection which they may now or hereafter have to the laying of
               venue of any suit, action or proceeding arising out of or
               relating to this Termination Agreement, or any judgment entered
               by any court in Arapahoe County, the state of Colorado or in the
               Federal District, the District of Colorado, and further
               irrevocably waive any claim that any suit, action or proceeding
               brought in Arapahoe County, the state of Colorado or in the
               Federal District, the District of Colorado has been brought in an
               inconvenient forum.


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          (i)  No Third Party Beneficiary. Nothing expressed or implied in this
               Termination Agreement is intended, or shall be construed, to
               confer upon or give any person other than the parties hereto and
               their respective heirs, personal representatives, legal
               representatives, successors and permitted assigns, any rights or
               remedies under or by reason of this Termination Agreement, except
               as otherwise provided herein.



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     IN WITNESS WHEREOF, the parties hereto have each executed and delivered
this Termination Agreement as of the day and year first above written.


                                      NEW FRONTIER ENERTY, INC.


                                      /s/  Paul G. Laird
                                      ------------------
                                      By:  Paul G. Laird, President


                                      IRIS ENERGY HOLDINGS LIMITED


                                      /s/ Michael B. Escher
                                      ---------------------
                                      By: Michael B Escher, for and in behalf of
                                      Private Structured Investment Company Ltd.
                                      as Company Director


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