Exhibit 10.14

CHANGE ORDER NO. 4

TO

AGREEMENT NO. EDC10017 (ECD-CON-10-001)

BETWEEN

EMIRATES NUCLEAR ENERGY CORPORATION
(ENEC)

     AND

LIGHTBRIDGE CORPORATION

FOR

NUCLEAR ENERGY CONSULTANCY SERVICES


AGREEMENT CHANGE ORDER

AGREEMENT NO : EDC10017 (ECD-CON-10-001) CHANGE ORDER NO.: 04 EFFECTIVE DATE: JANUARY 01ST, 2012
AGREEMENT TITLE :   NUCLEAR ENERGY CONSULTANCY SERVICES
CONTRACTOR:            LIGHTBRIDGE CORPORATION
DURATION:                    JANUARY 01, 2012 TO DECEMBER 31, 2012.
PREAMBLE:

Change Order No. 4 is Customer's formal approval of the Change to the above Agreement No. EDC10017 (ECD- CON-10-001). Total Estimated Contract Price is USD 136,129.00 for one (1) year effective from January 01st, 2012.

CHANGE ORDER DETAILS:

This Change Order No. 4 is made to renew the Nuclear Consultancy Services Agreement with M/s Lightbridge Corporation for one (1) year effective date starting January 1st, 2012 on the same Terms & Conditions with additional Personnel & new Rates for 2012. The Estimated Cost of 2010 & 2011 Agreement was USD 2,347,000.00 however only USD 2,066,228.82 was utilized until the end of 2011. Therefore, including the value of this change order No. 4 USD 136,129.00 the revised Agreement value will be USD 2,202,357.82

EFFECT ON AGREEMENT SCHEDULE:
Performance Period is extended by one (1) year (i.e. from January 01st, 2012 to December 31st, 2012).
TERMS AND CONDITIONS:

     •     Except as otherwise stated in this Change Order No. 04, all other terms and conditions of the original

Agreement shall remain unchanged.  
EFFECT ON AGREEMENT PRICE:  

     •     Original Agreement Value (USD)

1,877,600.00

     •     Change Order No. 01 Value (USD)

0.00

     •     Change Order No. 02 Value (USD)

469,400.00

     •     Change Order No. 03 Value (USD)

0.00

     •     Change Order No. 04 Value (USD) — Not utilized value

(-280,771.18)

     •     Change Order No. 04 Value (USD) — Renewal Budget

136,129.00
Revised Contract Value (USD) 2,202,357.82

SIGNATORIES

IN WITNESS of which each of the parties has signed this Agreement Change Order No. 04 on the Effective Date:

    By: /s/ Saleh Al Shehhi
SIGNED by )
For and on behalf of Emirates Nuclear ) Name: Saleh Al Shehhi
Energy Corporation (ENEC) ) Title: Executive Director Supply Chain
                 Date: 16/04/2012
     
    By: /s/ Seth Grae
SIGNED by )
For and on behalf of Lightbridge ) Name: Seth Grae
Corporation ) Title: President & CEO
    Date: 13 April 2012