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AMENDMENT NO. 3
TO
EMPLOYMENT AGREEMENT

THIS AMENDMENT NO. 3 TO THE EMPLOYMENT AGREEMENT (the “Amendment”) is effective
as of March 31, 2015 (the “Effective Date”), by and between U.S. Geothermal
Inc., a Delaware corporation (the “Company”), and Jonathan Zurkoff (“Employee”).

RECITALS

WHEREAS, the Company and Employee entered into an Employment Agreement with a
term from December 31, 2010 until March 31, 2013 (the “Agreement”).

WHEREAS, the Company and Employee entered into an amendment extending the
Agreement until March 31, 2014 (the “Initial Extension”).

WHEREAS, the Company and Employee entered into an amendment extending the
Agreement until March 31, 2015 (the “Second Extension”).

WHEREAS, the Company and Employee desire to amend and extend the Agreement on
the terms and conditions set forth below.

NOW, THEREFORE, in consideration of the mutual covenants contained in the
Agreement and this Amendment, the parties hereby agree as follows:

         1.          Term. The term of the Agreement as set forth in Section 2
of the Agreement, is hereby extended and will remain in full force and effect
until March 31, 2016.

         2.          Savings Clause. Except as modified by this Amendment, the
Agreement, as previously amended, shall remain in full force and effect, and is
hereby ratified and confirmed in all respects.

[signature page follows]

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IN WITNESS WHEREOF, the undersigned have executed this Amendment on March 18,
2015.

U.S. Geothermal Inc.
a Delaware corporation

By:          /s/ Kerry D. Hawkley                   Name: Kerry D. Hawkley
                  Title: Chief Financial Officer

SIGNED by the Employee in the presence of:

  /s/ Amy Mitchell   /s/ Jonathan Zurkoff Witness   Jonathan Zurkoff

 Amy Mitchell Printed Name of Witness

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