Well, I answered the wrong question. The previous amendment to sell shares to Calm Seas expires in October of 2016. This most recent amendment continues the previous arrangement for another two years.
Essentially, it allows KBLB to sell more stock directly to Calm Seas for the next two years as a revenue source.
KBLB is currently operating by selling stock to Calm Seas to pay for all costs. This, of course, dilutes the stock as long as there is no significant production.
Why are you asking the "unsophisticated investors"? There is a number you can call and get the answer. Try asking the people who made the ammendment if you want to know
On Dec 4, 2015, the "FAST Act" updated their section 84001 (as shown here):
The relevant Exchange Act sections (as shown here) seems to talk about requiring the inclusion of reference material in the filings. Maybe someone who is more fluent in legalese can decipher it better, but it is what I get out of it.