<SEC-DOCUMENT>0001144204-15-006021.txt : 20150205
<SEC-HEADER>0001144204-15-006021.hdr.sgml : 20150205
<ACCEPTANCE-DATETIME>20150204181845
ACCESSION NUMBER:		0001144204-15-006021
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150203
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150205
DATE AS OF CHANGE:		20150204

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CLEARSIGN COMBUSTION CORP
		CENTRAL INDEX KEY:			0001434524
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			WA

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35521
		FILM NUMBER:		15576836

	BUSINESS ADDRESS:	
		STREET 1:		12870 INTERURBAN AVENUE SOUTH
		CITY:			SEATTLE
		STATE:			WA
		ZIP:			98168
		BUSINESS PHONE:		(206) 673-4848

	MAIL ADDRESS:	
		STREET 1:		12870 INTERURBAN AVENUE SOUTH
		CITY:			SEATTLE
		STATE:			WA
		ZIP:			98168
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v400421_8-k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities Exchange Act of 1934 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of report (Date of earliest event
reported): February 3, 2015</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CLEARSIGN COMBUSTION CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified
in Charter) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;&nbsp;</B></P>

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    <TD STYLE="vertical-align: top; width: 33%; text-align: center"><font style="font-size: 10pt"><b>Washington</b></font></td>
    <TD STYLE="vertical-align: top; width: 34%; text-align: center"><font style="font-size: 10pt"><b>001-35521</b></font></td>
    <TD STYLE="vertical-align: top; width: 33%; text-align: center"><font style="font-size: 10pt"><b>26-2056298</b></font></td></tr>
<tr>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(State or other jurisdiction of</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>incorporation or organization)</b></P></td>
    <TD STYLE="vertical-align: top; text-align: center"><font style="font-size: 10pt"><b>(Commission File No.)</b></font></td>
    <TD STYLE="vertical-align: top; text-align: center"><font style="font-size: 10pt"><b>(IRS Employee Identification No.)</b></font></td></tr>
</table>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>12870 Interurban Avenue South</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Seattle, Washington 98168</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Address of Principal Executive Offices)
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>206-673-4848</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Issuer Telephone number) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction
A.2 below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</TD>
</TR></TABLE>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR240.14a-12)</TD>
</TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)).</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-(c)
under the Exchange Act (17 CFR 240.13(e)-4(c))</TD>
</TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>ITEM 5.02</B></TD><TD STYLE="text-align: justify"><B>Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Appointment of Stephen E. Pirnat as President, Chief Executive
Officer and Chairman of the Board.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On February 3, 2015, Mr. Stephen E. Pirnat
was appointed as the President, Chief Executive Officer and Chairman of the Board of Directors of ClearSign Combustion Corporation
(the &ldquo;Company&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mr. Pirnat, age 63, became a director of
the Company in November 2011. Since August 2012,&nbsp;<FONT STYLE="background-color: white">Mr. Pirnat has been Managing Director
of Europe, the Middle East and African operations at Quest Integrity Group, a division of Team Industrial Services, a provider
of asset integrity management and asset reliability solutions in the refinery, chemical, petrochemical, pipeline and power industries
worldwide. From September 2009 to 2011, he was President of Quest Integrated Inc., a technology incubator and boutique private
equity firm. From 2000 to 2009, Mr. Pirnat served as President and Chief Executive Officer of the John Zink Company, LLC, a wholly
owned subsidiary of Koch Industries and a worldwide leader in the supply of combustion and air pollution control equipment to the
energy industry. Mr. Pirnat, a long-time executive with Ingersoll-Rand and Ingersoll-Dresser Corporation, went to John Zink from
a previous post as President and Chief Executive Officer of Pangborn Corporation, a leading supplier of surface preparation equipment
and associated services to the automotive and aircraft industries. Mr. Pirnat began his career as an applications engineer with
the Pump and Condenser Group of Ingersoll-Rand, where he advanced through a variety of sales, marketing, engineering, and operational
positions with that company and its successor, Ingersoll-Dresser. These positions included Vice President of Ingersoll-Rand's Standard
Products Division, Vice President of Marketing for Ingersoll-Dresser Pumps, President of Ingersoll-Dresser Pumps Canada Ltd., and
Vice President &amp; General Manager of Ingersoll-Rand Engineered Equipment Division. Mr. Pirnat received a BSc. in Mechanical
Engineering from the New Jersey Institute of Technology.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">There is no family relationship
between Mr. Pirnat and the Company&rsquo;s officers and directors. Other than the employment agreement described below, Mr.
Pirnat and the Company have not entered into any transaction, nor is any transaction proposed, which would require disclosure
pursuant to Item 404(a) of Regulation S-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company and Mr. Pirnat entered
into an employment agreement that became effective on February 3, 2015 (the &ldquo;Effective Date&rdquo;) and will continue
until December 31, 2017 (the &ldquo;Initial Term&rdquo;) unless sooner terminated in accordance with the terms of the
employment agreement. Pursuant to the employment agreement, Mr. Pirnat will be paid an annual salary of $350,000. Beginning
on January 1, 2016, and on each January 1st thereafter, the then effective annual salary will be increased by an amount which
reflects the increase, if any, in the cost of living during the previous 12 months, based on the increase in the Consumer
Price Index for the Seattle Metropolitan Area.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mr. Pirnat will also be entitled to receive
a bonus for each year in which he remains employed. The bonus will be based on performance standards and goals to be met by Mr.
Pirnat and may equal up to 60% of the annual salary. The bonus for the year ending December 31, 2015 will be a minimum of 30% of
the annual salary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company will issue an option, pursuant
to the ClearSign Combustion Corporation 2011 Equity Incentive Plan (the &ldquo;Plan&rdquo;), for the purchase of 100,000 shares
of the Company&rsquo;s common stock. The per share exercise price of the option will be equal to the closing price of Company&rsquo;s
common stock on the grant date and the term of the option will be 10 years. The option will vest entirely on the first anniversary
of the Effective Date (or, alternatively, the option will be immediately exercisable but the shares issuable upon exercise will
be subject to a Company repurchase right at the option exercise price in the event Mr. Pirnat&rsquo;s employment terminates, which
repurchase right will lapse on the first anniversary of the Effective Date). Mr. Pirnat will receive a second option for the purchase
of 200,000 shares of the Company&rsquo;s common stock if the Company&rsquo;s shareholders approve an increase in the number of
shares of common stock included in the Plan or if the number of shares issuable under the Plan are sufficiently increased by operation
of Section 3.2(i) thereunder on or before the date of the next annual meeting of the Company&rsquo;s shareholders following the
Effective Date. The per share exercise price of the second option will be equal to the closing price of Company&rsquo;s common
stock on the grant date and the term of the option will be 10 years. With respect to the second option, the right to purchase 100,000
shares of common stock will vest on the first anniversary of the grant date and the right to purchase 100,000 shares of common
stock will vest on the second anniversary of the grant date (or, alternatively, the option will be immediately exercisable but
the shares issuable upon exercise thereof will be subject to a Company repurchase right at the option exercise price in the event
Mr. Pirnat&rsquo;s employment terminates, which repurchase right will lapse as to 100,000 shares of common stock on the first anniversary
of the grant date and as to 100,000 shares of common stock on the second anniversary of the grant date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mr. Pirnat will receive a relocation allowance,
including moving expenses in an amount not to exceed $25,000, closing costs relating to the sale of his residence in Oklahoma in
an amount not to exceed $40,000 and six months of living expenses following his move to Seattle, Washington, which will not exceed
$6,300 per month.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mr. Pirnat&rsquo;s employment may be terminated
for cause, as defined in the Employment Agreement, due to his death or disability, by the election of the Company or Mr. Pirnat,
or as a result of a change in control, as defined in the Employment Agreement. If Mr. Pirnat is terminated as a result of an election
of the Company, he will be entitled to receive severance consisting of the greater of the annual salary, less legal deductions,
for the period of the remaining number of months in the Initial Term of the Employment Agreement, or one-year&rsquo;s annual salary,
less legal deductions. If Mr. Pirnat&rsquo;s employment is terminated as a result of a change in control, he will be entitled to
receive as severance an amount equal to the annual salary for one year, less legal deductions. In addition, any equity award that
was scheduled to vest (or which carries a Company repurchase right scheduled to lapse) following the termination of his employment
will vest or lapse (as applicable) immediately upon his termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The foregoing discussion is qualified in
its entirety by the full text of the Employment Agreement, a copy of which is attached to this Current Report as exhibit 10.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>ITEM 9.01</B></TD><TD STYLE="text-align: justify"><B>Financial Statements and Exhibits.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;10.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Employment Agreement dated
February 3, 2015 between the ClearSign Combustion Corporation and Stephen E. Pirnat</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">SIGNATURE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto
duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated: February 4, 2015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">CLEARSIGN COMBUSTION CORPORATION</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 5%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 35%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 10%; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ James N. Harmon</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">James N. Harmon</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">Chief Financial Officer</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EXHIBIT INDEX</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <td style="width: 18%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt"><b>Exhibit No.</b></font></td>
    <td style="width: 82%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt"><b>Description</b></font></td></tr>
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">10.1</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">Employment Agreement dated February 3, 2015 between ClearSign Combustion Corporation and Stephen E. Pirnat</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v400421_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="margin: 0; text-align: left"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in">EMPLOYMENT
AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This <B>EMPLOYMENT AGREEMENT</B> (&ldquo;Agreement&rdquo;),
which is dated February 3, 2015 (the &ldquo;Effective Date&rdquo;), is made by and between ClearSign Combustion Corporation, located
at 12870 Interurban Avenue South, Seattle, Washington 98168 and hereinafter referred to as &ldquo;Company&rdquo;, and Stephen
E. Pirnat, whose address is __________, hereinafter referred to as &ldquo;Executive.&rdquo; The purpose of this Agreement is to
confirm the terms of the employment relationship between Company and Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">RECITALS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>WHEREAS,</B> Company wishes to retain
the services of Executive, and Executive wishes to render services to Company, as its President and Chief Executive Officer and,
until otherwise removed in order to separate the roles of President/Chief Executive Officer and Chairman, the Chairman of the
Board of Directors (for which position no additional compensation will be paid);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>WHEREAS,</B> Company and Executive wish
to set forth in this Agreement the duties and responsibilities that Executive has agreed to undertake on behalf of Company, and
the responsibilities that Company will owe to Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>THEREFORE,</B> in consideration of the
foregoing and of the mutual promises contained in this Agreement, Company and Executive (who are sometimes individually referred
to as a &ldquo;Party&rdquo; and collectively referred to as the &ldquo;Parties&rdquo;) agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>1.</B></TD><TD STYLE="text-align: justify"><B><U>TERM</U>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">Company hereby employs Executive as Company&rsquo;s
President and Chief Executive Officer pursuant to the terms of this Agreement and Executive hereby accepts employment with Company
pursuant to the terms of this Agreement. This Agreement is effective on the Effective Date and will continue until December 31,
2017 (the &ldquo;Initial Term&rdquo;). Before the expiration of the second year of the Initial Term, the Compensation Committee
will review Executive&rsquo;s performance and, if Executive&rsquo;s performance is satisfactory, the term of Executive&rsquo;s
employment will be extended for an additional year (the &ldquo;Extension&rdquo;). During the third year of the Initial Term and
each one year Extension thereafter, the Compensation Committee will review Executive&rsquo;s performance and, if it is satisfactory,
continue Executive&rsquo;s employment for an additional one year Extension. In this Agreement, the word &ldquo;Term&rdquo; shall,
depending on the context used, refer to the Initial Term or to any subsequent Extension. Irrespective of the foregoing, this Agreement
may be terminated pursuant to Section 11 or Section 12 below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>2.</B></TD><TD STYLE="text-align: justify"><B><U>GENERAL DUTIES</U>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a) <B><U>Service as President/Chief Executive
Officer</U></B>. Executive shall devote his entire productive time, ability, and attention to Company&rsquo;s business during
Executive&rsquo;s employment, provided that Executive shall be permitted to serve on up to two boards of directors other than
that of the Company during Executive&rsquo;s employment. Executive shall report to Company&rsquo;s Board of Directors (the &ldquo;Board&rdquo;)
and agrees to keep the Board fully informed with regard to critical issues affecting the value and reputation of Company. Furthermore,
in his capacity as President and Chief Executive Officer, Executive shall be primarily responsible for the exercise of the powers
and the discharge of the duties of Company that are not reserved to the Board, and shall have the authority and control over all
personnel of Company (with the exception of the powers reserved to the Board pursuant to Section 4 of Company&rsquo;s bylaws to
appoint and to terminate or remove executive officers or subordinate officers), shall be responsible for managing the overall
operations of Company, and shall act as the main point of communication between the Board and Company&rsquo;s operations. Executive
shall do and perform all services, acts, or things necessary or advisable to discharge his duties under this Agreement, and such
other duties as are commonly performed by an employee of his rank in a publicly traded corporation or which may, from time to
time, be prescribed by Company through the Board. Executive agrees to cooperate with and work to the best of his ability with
Company&rsquo;s management team, which includes the Board and the officers and other employees, to continually improve Company&rsquo;s
reputation in its industry for quality products and performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)&#9;<B><U>Service as a Director and Chairman of
the Board</U></B>. For a limited time, which shall be determined by the Board, Executive will act as the Chairman of the Board
without additional compensation. Executive acknowledges that he may be removed as Chairman of the Board, in order to separate
the roles of President/Chief Executive Officer and Chairman. Executive further acknowledges that any removal from the office of
Chairman of the Board will not constitute a breach of this Agreement and will not entitle Executive to severance or any other
payment under this Agreement. Upon termination of Executive&rsquo;s employment, Executive shall be deemed to have resigned as
a director unless otherwise provided by resolution of the Board acting by a majority of directors other than Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>3.</B></TD><TD STYLE="text-align: justify"><B><U>NONSOLICITATION AND PROPRIETARY PROPERTY AND CONFIDENTIAL
INFORMATION PROVISIONS</U>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">As a condition
of his employment with Company, Executive has executed an</FONT> Employee Intellectual Property Assignment and Nondisclosure Agreement,
<FONT STYLE="font-size: 10pt">the terms of which are included by reference into this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>4.</B></TD><TD STYLE="text-align: justify"><B><U>COMPLIANCE WITH SECURITIES LAWS</U>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">Executive acknowledges that he is subject
to the provisions of Sections 10 and 16 of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder.
Executive acknowledges that Sections 10 and 16 and the rules and regulations promulgated thereunder may prohibit Executive from
selling or transferring his securities in Company. Executive agrees that he will comply with Company&rsquo;s policies, as stated
from time to time, relating to selling or transferring Company&rsquo;s securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>5.</B></TD><TD STYLE="text-align: justify"><B><U>COMPENSATION</U>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><B>(a)&#9;<U>Annual Salary</U>. </B>Company shall pay to
Executive an annual base salary in the amount of $350,000. The salary paid during Executive&rsquo;s employment shall be referred
to in this Agreement as the &ldquo;Annual Salary&rdquo;. The Annual Salary shall be subject to any tax withholdings and/or employee
deductions that are applicable. The Annual Salary shall be paid to Executive in equal installments in accordance with the periodic
payroll practices of Company for its employees. The Annual Salary will be subject to review and increase at the sole discretion
of the Board no less frequently than annually.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><B>(b)&#9;<U>Bonus</U>.</B> At least annually, Executive and
the Compensation Committee of the Board of Directors shall meet to establish (i) performance standards and goals (&ldquo;Standards
and Goals&rdquo;) to be met by Executive and (ii) cash bonus targets based on the Standards and Goals that are achieved. The Standards
and Goals will support a cash bonus of 60% of Executive&rsquo;s Annual Salary. Notwithstanding the previous sentence, the bonus
for the year of employment ending December 31, 2015 shall be a minimum of 30% of the Executive&rsquo;s Annual Salary for 2015,
provided that Executive remains employed under this Agreement through such date and has not received a notice of termination by
the Company prior to such date. The Standards and Goals and the bonus targets shall be mutually agreed to by Executive and the
Compensation Committee. Nothing in this subsection (b) shall prevent Executive and the Compensation Committee from mutually agreeing
to alternatives to the computation of the bonus to be paid to Executive in accordance with this subsection (b) (the &ldquo;Bonus&rdquo;),
which may be implemented and paid to Executive in place of the Bonus described herein. The Bonus shall be subject to any applicable
tax withholdings and/or employee deductions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><B>(c)</B>&#9;<B><U>Cost of Living Adjustment</U>.</B>
Commencing as of January 1, 2016, and on each January 1st thereafter, the then effective Annual Salary shall be increased (but
not decreased) by an amount which shall reflect the increase, if any, in the cost of living during the previous 12 months by adding
to the Annual Salary an amount computed by multiplying the Annual Salary by the percentage by which the level of the Consumer
Price Index for the Seattle Metropolitan Area, as reported on January 1st of the new year by the Bureau of Labor Statistics of
the United States Department of Labor has increased over its level as of January 1st of the prior year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><B>(d)&#9;<U>Participation In Employee Benefit Plans</U>.
</B>Executive shall have the same rights, privileges, benefits and opportunities to participate in any of Company&rsquo;s employee
benefit plans which may now or hereafter be in effect on a general basis for executive officers or employees. During Executive&rsquo;s
employment, the Company shall provide, at Company&rsquo;s sole expense, medical health insurance (including dental) benefits for
Executive, his spouse and children, under the same policy or policies generally available to other executive officers of Company.
At the discretion of the Board, Company may also provide, at its sole expense (i) disability insurance which, in the event of
Executive&rsquo;s disability, will replace no less than 60% of the Annual Salary being paid to Executive at the time the disability
occurred and (ii) life insurance in an amount to be agreed upon by the Board and Executive. Irrespective of the foregoing, Company
may change any benefits contractor, or discontinue any of the foregoing benefits without replacement, in its sole discretion,
and any such change or discontinuance will not be a breach of this Agreement. In the event Executive receives payments from the
disability insurer, Company shall have the right to offset such payments against the Annual Salary otherwise payable to Executive
during the period for which such payments are made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>6.</B></TD><TD STYLE="text-align: justify"><B><U>EQUITY COMPENSATION</U>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(a)&#9;On the Effective
Date, Company shall issue to Executive an option for the purchase of 100,000 shares of Company&rsquo;s common stock pursuant to
the ClearSign Combustion Corporation 2011 Equity Incentive Plan, as amended from time to time (the &ldquo;Plan&rdquo;). Such option
shall be an incentive stock option to the extent permitted under the Internal Revenue Code (the &ldquo;Code&rdquo;). The per share
exercise price of such option will be equal to the closing price of Company&rsquo;s common stock on the grant date thereof and
the term of such option shall be 10 years. Such option will vest entirely on the first anniversary of the Effective Date (or,
alternatively, such option shall be immediately exercisable but the shares issuable upon exercise thereof shall be subject to
a Company repurchase right at the exercise price in the event Executive&rsquo;s employment hereunder terminates, which repurchase
right shall lapse upon the first anniversary of the Effective Date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">(b)&#9;In addition to the
foregoing, in the event (1) Company&rsquo;s shareholders duly approve an increase in the number of shares issuable under the Plan
or approve the adoption of a new equity incentive plan, or (2) the number of shares issuable under the Plan are sufficiently increased
by operation of Section 3.2(i) thereunder on or before the date of the next annual meeting of Company shareholders following the
Effective Date, then Company shall grant Executive an additional option to purchase at least 200,000 shares of common stock. Such
option shall be an incentive stock option to the extent permitted under the Code. The per share exercise price of such option
will be equal to the closing price of Company&rsquo;s common stock on the grant date thereof and the term of such option shall
be 10 years. The right to purchase 100,000 shares of common stock will vest on the first anniversary of the grant date and the
right to purchase 100,000 shares of common stock will vest on the second anniversary of the grant date (or, alternatively, such
option shall be immediately exercisable but the shares issuable upon exercise thereof shall be subject to a Company repurchase
right at the exercise price in the event Executive&rsquo;s employment hereunder terminates, which repurchase right shall lapse
as to 100,000 shares of common stock on the first anniversary of the grant date and as to 100,000 shares of common stock on the
second anniversary of the grant date). Executive acknowledges that the requisite shareholder approval described above may not
be obtained and that a sufficient increase in the number of Plan shares by operation of Section 3.2(i) of the Plan may not occur
on or before the date of the next annual meeting of shareholders. In such case, the number of option shares specified in this
Section 6(b) will be reduced as determined by the compensation committee of Company&rsquo;s board of directors in its sole discretion,
provided that Company shall negotiate with Executive in good faith as to the provision of substitute consideration to Executive
to the extent reasonably practicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>7.</B></TD><TD STYLE="text-align: justify"><B><U>REIMBURSEMENT OF BUSINESS EXPENSES AND MOVING ALLOWANCE</U>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><B>(a)</B>&#9;<B><U>Reimbursement of Business
Expenses</U>.</B> Company shall promptly reimburse Executive for all reasonable business expenses incurred by Executive in connection
with the business of Company. However, each such expenditure shall be reimbursable only if Executive furnishes to Company adequate
records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing
authorities for the substantiation of each such expenditure as an income tax deduction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><B>(b)&#9;<U>Relocation Allowance</U>.</B> Company shall
reimburse Executive for all reasonable relocation expenses actually and properly incurred by Executive&rsquo;s move to Seattle,
Washington from Tulsa, Oklahoma. Such expenses shall include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: left; text-indent: 1.25in">(i)&#9;<U>Moving Expenses</U>. All reasonably incurred
expenses to move Executive&rsquo;s home furnishings and personal property to Seattle, Washington, such amount not to exceed $24,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.25in">(ii)&#9;<U>Closing Costs</U>. Customary closing costs in
connection with the sale of Executive&rsquo;s home in Tulsa, Oklahoma, including realtor commissions, and excluding property repairs,
such total amount not to exceed $40,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.25in">(iii)&#9;<U>Interim Living Expenses</U>. For a period of
6 months, Company shall pay to Executive the sum of $6,300 per month toward living expenses incurred as a result of Executive&rsquo;s
move to Seattle, Washington. Such expenses shall include, but not be limited to, accommodations at hotels, meal expenses, rent
for a personal residence, and any additional expenses agreed to by Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.25in">(iv)&#9;<U>Income Tax Consequences</U>. Payment and/or
provision of the relocation expenses shall be subject to any federal or state withholding as may be applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>8.</B></TD><TD STYLE="text-align: justify"><B><U>PAID TIME OFF</U>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">Executive
shall be entitled to four weeks of paid time off each year; provided, however, </FONT>failure to use paid time off by the end
of the year in which it is earned will prevent the accumulation of additional paid time off in excess of four weeks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>9.</B></TD><TD STYLE="text-align: justify"><B><U>INDEMNIFICATION OF LOSSES</U>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">So long as Executive&rsquo;s actions were
taken in good faith and in furtherance of Company&rsquo;s business and within the scope of Executive&rsquo;s duties and authority,
Company shall indemnify and hold Executive harmless to the full extent of the law from any and all claims, losses and expenses
sustained by Executive as a result of any action taken by him to discharge his duties under this Agreement and Company shall defend
Executive, at Company&rsquo;s expense, in connection with any and all claims by stockholders or third parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>10.</B></TD><TD STYLE="text-align: justify"><B><U>PERSONAL CONDUCT</U>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">Executive agrees promptly and faithfully
to comply with all present and future policies, requirements, directions, requests and rules and regulations of Company in connection
with Company&rsquo;s business. Executive further agrees to conform to all laws and regulations and not at any time to commit any
act or become involved in any situation or occurrence tending to bring Company into public scandal, ridicule or which will reflect
unfavorably on the reputation of Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>11.</B></TD><TD STYLE="text-align: justify"><B><U>TERMINATION FOR CAUSE</U>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">The Board may terminate Executive for cause immediately, without
notice, if Company reasonably concludes that Executive has committed fraud, theft, embezzlement, misappropriation of Company funds
or other property, or any felony. The Board may also terminate Executive for cause for any of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">(a)&#9;breach by Executive of any material provision of
this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">(b)&#9;violation by Executive of any statutory or common
law duty of loyalty to Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">(c)&#9;a material violation by Executive of Company&rsquo;s
employment policies; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 0.5in">(d)&#9;commission of such acts of dishonesty, gross negligence,
or willful misconduct as would prevent the effective performance of Executive&rsquo;s duties or which result in material harm
to Company or its business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">The Board may terminate this Agreement for cause by
giving written notice of termination to Executive, provided, however, if the Board declares Executive to be in default of this
Agreement under subsection (a) above because Executive fails to substantially perform his material duties and responsibilities
under this Agreement, the Board shall deliver a written demand for substantial performance of such duties and responsibilities
to Executive. Such demand must identify the manner in which the Board believes that Executive has not substantially performed
his duties, and Executive shall have a period of 30 days to correct the deficient performance. Upon termination for cause, the
obligations of Executive and Company under this Agreement shall immediately cease. Such termination shall be without prejudice
to any other remedy to which Company may be entitled either at law, in equity, or under this Agreement. If Executive&rsquo;s employment
is terminated pursuant to this Section 11, Company shall pay to Executive (i) Executive&rsquo;s accrued but unpaid Annual Salary
and the value of unused paid time off through the effective date of the termination; (ii) Executive&rsquo;s accrued but unpaid
Bonus, if any; and (iii) business expenses incurred prior to the effective date of termination. Executive shall not be entitled
to continue to participate in any employee benefit plans except to the extent provided in such plans for terminated participants,
or as may be required by applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In the event of a termination of Executive&rsquo;s
employment pursuant to this Section 11, the disposition of Executive&rsquo;s options granted pursuant to Section 6 hereof shall
be governed by the applicable terms and conditions of the Plan and any award agreement executed in respect of such options.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>12.</B></TD><TD STYLE="text-align: justify"><B><U>TERMINATION WITHOUT CAUSE</U>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><B>(a)</B>&#9;<B><U>Death</U>.</B> Executive&rsquo;s employment
shall terminate upon the death of Executive. Upon such termination, the obligations of Executive and Company under this Agreement
shall immediately cease.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><B>(b)&#9;<U>Disability</U>.</B> The Board reserves the
right to terminate Executive&rsquo;s employment upon 30 days written notice if, for a period of 90 days, Executive is prevented
from substantially discharging the essential functions of his position as President and Chief Executive Officer, with or without
reasonable accommodation, due to any physical or mental disability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><B>(c)</B>&#9;<B><U>Election By Executive</U>.</B> Executive&rsquo;s
employment may be terminated at any time by Executive upon not less than 30 days written notice by Executive to the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><B>(d)</B>&#9;<B><U>Election By Company</U>.</B> Executive&rsquo;s
employment may be terminated at any time by Company upon not less than 30 days written notice by the Board to Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><B>(e)</B>&#9;<B><U>Termination Due to a Change in Control</U>.
</B>Executive&rsquo;s employment may be terminated upon a Change in Control. For purposes of this Agreement, the term &ldquo;Change
in Control&rdquo; shall mean the sale or disposition by Company to an unrelated third party of substantially all of its business
or assets, or the sale of the capital stock of Company in connection with the sale or transfer of a Controlling Interest in Company
to an unrelated third party, or the merger or consolidation of Company with another corporation as part of a sale or transfer
of a Controlling Interest in Company to an unrelated third party. For purposes of this definition, the term &ldquo;Controlling
Interest&rdquo; means the sale or transfer of Company&rsquo;s securities representing greater than 50% of the voting power. It
will be presumed that a termination is a termination under this subsection (e) rather than a termination under subsection (d)
(Election by Company) if Executive&rsquo;s employment is terminated during the period that begins when negotiations for the Change
in Control begin and ends on the six month anniversary of the closing of the Change in Control transaction and such termination
is not a termination for cause pursuant to Section 11 or a termination resulting from Executive&rsquo;s death, disability, or
election pursuant to subsections (a), (b) or (c) of this Section 12.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">If Executive&rsquo;s employment is terminated pursuant
to subsections (a), (b), or (c) of this Section 12, Company shall pay to Executive (i) Executive&rsquo;s accrued but unpaid Annual
Salary and the value of unused paid time off through the effective date of the termination; (ii) Executive&rsquo;s accrued but
unpaid Bonus, if any; and (iii) business expenses incurred prior to the effective date of termination. Executive shall not be
entitled to continue to participate in any employee benefit plans except to the extent provided in such plans for terminated participants,
or as may be required by applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">If Executive&rsquo;s
employment is terminated pursuant to subsection (d) of this Section 12, Company shall pay to Executive (i) Executive&rsquo;s accrued
but unpaid Annual Salary and the value of unused paid time off through the effective date of the termination; (ii) Executive&rsquo;s
accrued but unpaid Bonus, if any; (iii) business expenses incurred prior to the effective date of termination; and (iv) </FONT>severance
consisting of the greater of (A) Executive's Annual Salary, less legal deductions, for a period of the remaining number of months
in the Initial Term of this Agreement; or (B) one-year's Annual Salary, less legal deductions<FONT STYLE="font-size: 10pt">. Company
may elect, in its sole discretion, to pay these salary payments in one lump sum or on regular pay days for the one year period
following termination of Executive&rsquo;s employment. For a termination under subsection (d), Executive shall be entitled, at
Executive&rsquo;s expense, to continue to participate in employee benefit plans described in Section 5(d) for a period of one
year following termination of Executive&rsquo;s employment, to the extent provided in such plans for terminated participants,
or as may be required by applicable law. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">If Executive&rsquo;s employment is terminated
pursuant to subsection (e) of this Section 12, Executive shall be entitled to receive (i) Executive&rsquo;s accrued but unpaid
Annual Salary and the value of unused paid time off through the effective date of the termination; (ii) Executive&rsquo;s accrued
but unpaid Bonus, if any; (iii) business expenses incurred prior to the effective date of termination; and (iv) an amount equal
to the Annual Salary for one year, less legal deductions. In addition, any equity award that was scheduled to vest (or which carries
a Company repurchase right scheduled to lapse) following the termination of Executive&rsquo;s employment will vest or lapse (as
applicable) immediately upon the termination of Executive&rsquo;s employment pursuant to subsection (e).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in">In the event of a termination of Executive&rsquo;s
employment pursuant to subsections (a), (b), (c) and (d) above, the disposition of Executive&rsquo;s options granted pursuant
to Section 6 hereof shall be governed by the applicable terms and conditions of the Plan and any award agreement executed in respect
of such options; <I>provided, however</I>, for a termination under Subsection (d), Executive shall be entitled to accelerated
vesting of all unvested options granted under Section 6 hereof (or, if applicable, Company&rsquo;s repurchase right with respect
thereto shall lapse) as of the effective date of such termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><FONT STYLE="font-size: 10pt">With the exception of
the terms of this Section 12 and any obligations, duties and responsibilities Executive has under the </FONT>Employee Intellectual
Property Assignment and Nondisclosure Agreement<FONT STYLE="font-size: 10pt">, upon termination of Executive&rsquo;s employment
the obligations of Executive and Company under this Agreement shall immediately cease.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>13.</B></TD><TD STYLE="text-align: justify"><B><U>MISCELLANEOUS</U>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><B>(a)&#9;<U>Preparation of Agreement</U>.</B> It is acknowledged
by each Party that such Party either had separate and independent advice of counsel or the opportunity to avail itself or himself
of same. In light of these facts it is acknowledged that no Party shall be construed to be solely responsible for the drafting
hereof, and therefore any ambiguity shall not be construed against any Party as the alleged draftsman of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><B>(b)&#9;<U>Cooperation</U>.</B> Each Party agrees, without
further consideration, to cooperate and diligently perform any further acts, deeds and things and to execute and deliver any documents
that may from time to time be reasonably necessary or otherwise reasonably required to consummate, evidence, confirm and/or carry
out the intent and provisions of this Agreement, all without undue delay or expense.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1in"><B>(c)&#9;<U>Interpretation</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.25in">(i)&#9;<U>Entire Agreement/No Collateral Representations</U>.
Each Party expressly acknowledges and agrees that this Agreement, including all exhibits attached hereto: (1) is the final, complete
and exclusive statement of the agreement of the Parties with respect to the subject matter hereof; (2) supersedes any prior or
contemporaneous agreements, promises, assurances, guarantees, representations, understandings, conduct, proposals, conditions,
commitments, acts, course of dealing, warranties, interpretations or terms of any kind, oral or written (collectively and severally,
the &ldquo;Prior Agreements&rdquo;), and that any such prior agreements are of no force or effect except as expressly set forth
herein; and (3) may not be varied, supplemented or contradicted by evidence of Prior Agreements, or by evidence of subsequent
oral agreements. Any agreement hereafter made shall be ineffective to modify, supplement or discharge the terms of this Agreement,
in whole or in part, unless such agreement is in writing and signed by the Party against whom enforcement of the modification
or supplement is sought.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.25in">(ii)&#9;<U>Waiver</U>. No breach of any agreement or provision
herein contained, or of any obligation under this Agreement, may be waived, nor shall any extension of time for performance of
any obligations or acts be deemed an extension of time for performance of any other obligations or acts contained herein, except
by written instrument signed by the Party to be charged or as otherwise expressly authorized herein. No waiver of any breach of
any agreement or provision herein contained shall be deemed a waiver of any preceding or succeeding breach thereof, or a waiver
or relinquishment of any other agreement or provision or right or power herein contained.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.25in">(iii)&#9;<U>Remedies Cumulative</U>. The remedies of each
Party under this Agreement are cumulative and shall not exclude any other remedies to which such Party may be lawfully entitled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.25in">(iv)&#9;<U>Severability</U>. If any term or provision of
this Agreement or the application thereof to any person or circumstance shall, to any extent, be determined to be invalid, illegal
or unenforceable under present or future laws effective during the term of this Agreement, then and, in that event: (A) the performance
of the offending term or provision (but only to the extent its application is invalid, illegal or unenforceable) shall be excused
as if it had never been incorporated into this Agreement, and, in lieu of such excused provision, there shall be added a provision
as similar in terms and amount to such excused provision as may be possible and be legal, valid and enforceable, and (B) the remaining
part of this Agreement (including the application of the offending term or provision to persons or circumstances other than those
as to which it is held invalid, illegal or unenforceable) shall not be affected thereby and shall continue in full force and effect
to the fullest extent provided by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.25in">(v)&#9;<U>No Third Party Beneficiary</U>. Notwithstanding
anything else herein to the contrary, the parties specifically disavow any desire or intention to create any third party beneficiary
obligations, and specifically declare that no person or entity, other than as set forth in this Agreement, shall have any rights
hereunder or any right of enforcement hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.25in">(vi)&#9;<U>Headings; References; Incorporation; Gender</U>.
The headings used in this Agreement are for convenience and reference purposes only, and shall not be used in construing or interpreting
the scope or intent of this Agreement or any provision hereof. References to this Agreement shall include all amendments or renewals
thereof. Any exhibit referenced in this Agreement shall be construed to be incorporated in this Agreement. As used in this Agreement,
each gender shall be deemed to include the other gender, including neutral genders or genders appropriate for entities, if applicable,
and the singular shall be deemed to include the plural, and vice versa, as the context requires.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><B>(d)&#9;<U>Enforcement</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.25in">(i)&#9;<U>Applicable Law</U>. This Agreement and the rights
and remedies of each Party arising out of or relating to this Agreement (including, without limitation, equitable remedies) shall
be solely governed by, interpreted under, and construed and enforced in accordance with the laws (without regard to the conflicts
of law principles thereof) of the State of Washington, as if this agreement were made, and as if its obligations are to be performed,
wholly within the State of Washington.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.25in">(ii)&#9;<U>Consent to Jurisdiction and Venue</U>. Any action
or proceeding arising out of or relating to this Agreement shall be filed in and heard and litigated solely before the state or
federal courts of Washington within King County.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 1.25in">(iii)&#9;<U>Attorneys&rsquo; Fees</U>. If court proceedings
are required to enforce any provision of this Agreement, the substantially prevailing or successful Party shall be entitled to
an award of the reasonable and necessary expenses of litigation, including reasonable attorneys&rsquo; fees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><B>(e)&#9;<U>No Assignment of Rights or Delegation of Duties
by Executive</U>.</B> Executive&rsquo;s rights and benefits under this Agreement are personal to him and therefore (i) no such
right or benefit shall be subject to voluntary or involuntary alienation, assignment or transfer; and (ii) Executive may not delegate
his duties or obligations hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><B>(f)&#9;<U>Notices</U>.</B> Unless otherwise specifically
provided in this Agreement, all notices, demands, requests, consents, approvals or other communications (collectively and severally
called &ldquo;Notices&rdquo;) required or permitted to be given hereunder, or which are given with respect to this Agreement,
shall be in writing, and shall be given by: (A) personal delivery (which form of Notice shall be deemed to have been given upon
delivery), (B) by private overnight delivery service (which forms of Notice shall be deemed to have been given upon confirmed
delivery by the delivery agency), or (C) by mailing in the United States mail by registered or certified mail, return receipt
requested, postage prepaid (which forms of Notice shall be deemed to have been given upon the 5th business day following the date
mailed). Notices shall be addressed to the address hereinabove set forth in the introductory paragraph of this Agreement, or to
such other address as the receiving Party shall have specified most recently by like Notice, with a copy to the other Parties
hereto. Any Notice given to the estate of a Party shall be sufficient if addressed to the party as provided in this subparagraph.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><B>(g)&#9;<U>Counterparts</U>.</B> This Agreement may be
executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same
instrument, binding on all parties hereto. Any signature page of this Agreement may be detached from any counterpart of this Agreement
and reattached to any other counterpart of this Agreement identical in form hereto by having attached to it one or more additional
signature pages.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><B>(h)&#9;<U>Execution by All Parties Required to be Binding;
Electronically Transmitted Documents</U></B>. This Agreement shall not be construed to be an offer and shall have no force and
effect until this Agreement is fully executed by all Parties hereto. If a copy or counterpart of this Agreement is originally
executed and such copy or counterpart is thereafter transmitted electronically by facsimile or similar device, such facsimile
document shall for all purposes be treated as if manually signed by the Party whose facsimile signature appears.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>, the parties
have executed this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<TR STYLE="vertical-align: top">
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    <TD COLSPAN="2" STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Company:</B></FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 50%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 35%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>CLEARSIGN COMBUSTION CORPORATION</B></FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; font-weight: normal; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; font-weight: normal; text-align: justify; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By </FONT></TD>
    <TD STYLE="padding: 0; font-weight: normal; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/ Lon E. Bell</FONT></TD>
    <TD STYLE="padding: 0; font-weight: normal; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Lon E. Bell, Ph.D.</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">Its: </FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">Chair of the Compensation Committee</FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Executive</B>:</FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Stephen E. Pirnat</FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">Stephen E. Pirnat</FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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