**Exhibit        10.20**

|                           |   |                                   |
|--------------------------------|--------|-----------------------------------|
| **Confidential****Memorandum** |   | innovation                at work |

**Confidential      treatment has been requested for portions of this Exhibit. The copy**
**filed      herewith omits the information subject to the confidentiality      request.**

**Omissions      are designated by ***. A complete version of this exhibit has been filed      separately with the Securities and Exchange Commission.**

| **Date:**    | March 9, 2007                                   |
|--------------|-------------------------------------------------|
|         |                                            |
| **To:**      | Altairnano Management Team                      |
|         |                                            |
| **From:**    | Alan J. Gotcher                                 |
|         |                                            |
| **Subject:** | **Altairnano 2007 Incentive              Plan** |

| · | The                Company Performance target is comprised of two financial                components:               |
|--------|----------------------------------------------------------------------------------------------------------------------|
|   | §                                                                                                               | Cash                at Year End: | $*** | 75% weight |
|   | §                                                                                                               | Total                Revenue: | $*** | 2% weight |
|   |                                                                                                                 |   |   |   |
| · | There              are two groups of employees in the plan. Each group has its own incentive              targets:   |
|   | §                                                                                                               | Employees                at Levels 2 to 8 have 50% of Incentive Bonus based on Company Performance                and 50% on Individual Performance; the Incentive Multiplier is capped                at                150% for Company Performance and 110% for Individual                Performance. |
|   | §                                                                                                               | Employees                at Levels 9 to 13 (including executive officers) have 100% of Incentive                Bonus based on Company Performance; the Incentive Multiplier is capped                at                150% of Company Performance. |
|   |                                                                                                                 |   |
| · | Incentive              Plan payout is based on performance versus variable Incentive Multiplier              payout: |

**Confidential      Information**

----

**March        9, 2007**

**Page        2**

**Example      1. Company Performance is near Plan**

| **Criteria**                    | **Objective** | **Actual** | **%****Performance** | **%****Payout** |
|---------------------------------|---------------|------------|----------------------|-----------------|
|                            |          |       |                 |            |
| Cash                at Year End | $***          | $***       | 104%                 | 128%            |
| Revenue                         | $***          | $***       | 100%                 | 120%            |

**Example      2. Company Performance is above Plan**

| **Criteria**                      | **Objective** | **Actual** | **%****Performance** | **%****Payout** |
|-----------------------------------|---------------|------------|----------------------|-----------------|
|                              |          |       |                 |            |
| Cash                  at Year End | $***          | $***       | 115%                 | 150%            |
| Revenue                           | $***          | $***       | 121%                 | 162%            |

**Confidential      Information**

----

**March        9, 2007**

**Page        3**

**Altairnano      Senior Executive 2007 Incentive Plan Targets**

| **Altairnano                Executive**                                                                             |
|---------------------------------------------------------------------------------------------------------------------|
| **Target                Bonus**                                                                                     |
|  Steve                BaloghEd                DickinsonAlan                GotcherBruce                Sabacky |  $114,000.00$114,000.00$288,000.00$114,000.00 |

**Confidential      Information**