**Exhibit 10.17**

 

Schedule ofExecutive Officer and Director Compensation for 2006

 

Set forth below is adescription of the compensation that MathStar, Inc. determined to pay itsexecutive officers (defined in Item 402(a)(3) of Regulation S-K) in theircurrent positions for the year ending December 31, 2006.

 
| **Name**                              | ** ** | **2006 Base Salary** | ** ** | **Potential Bonus  2006 Stock Option********Awards (1)(2)** | ** ** |
|---------------------------------------|------------|--------------------------------|------------|---------------------------------------------------------------------------------|------------|
| Douglas M. Pihl,                      |       |                           |       |                                                                            |       |
| President and Chief Executive Officer |       | $                              | 246,000    |                                                                            | 3⁄4     |   |
| Ronald K.  Bell,                      |       |                           |       |                                                                            |       |
| Chief Technology Officer              |       | $                              | 240,000    |                                                                            | 3⁄4     |   |
| Daniel J.  Sweeney,                   |       |                           |       |                                                                            |       |
| Chief Operating Officer               |       | $                              | 180,000    |                                                                            | $          | 90,000 |   |
| Glen Wiley,                           |       |                           |       |                                                                            |       |
| Vice President, Sales(3)              |       | $                              | 146,400    |                                                                            | $          | 130,000 |   |
| James W.  Cruckshank,                 |       |                           |       |                                                                            |       |
| Chief Financial Officer and           |       |                           |       |                                                                            |       |
| Vice President, Administration        |       | $                              | 175,000    |                                                                            | $          | 87,500 |   |
| Sean P.  Riley,                       |       |                           |       |                                                                            |       |
| Vice President, Marketing             |       | $                              | 170,000    |                                                                            | $          | 65,000 |   |
| Timothy A.  Teckman,                  |       |                           |       |                                                                            |       |
| Vice President, Engineering           |       | $                              | 150,000    |                                                                            | $          | 60,000 |   |
| Bryon K.  Bequette,                   |       |                           |       |                                                                            |       |
| General Counsel                       |       | $                              | 30,000     |                                                                            | 3⁄4     |   |

 

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(1)                    Reflectsthe maximum potential bonus the named officer could earn under this bonus planadopted by the Compensation Committee.

 

(2)                    For2006, Mr. Wiley’s bonus is based on the achievement of certain design winsand revenue goals.

 

(3)                     Prorated from January 9, 2006.

 

Schedule ofDirector Compensation for 2006

 

Set forth below is adescription of the compensation that MathStar, Inc. determined to pay toits directors for the year ending December 31, 2006.

 

**CashCompensation**

 
| Retainer:          |   | $1,500 per  quarter                                                |
|--------------------|--------|--------------------------------------------------------------------|
| Board  Meeting Fee |   | $750 per  meeting                                                  |
| Audit  Committee:  |   | $1,000 per  meeting for chairman, $750 meeting for other members   |
| Other  Committees: |   | $750 per  meeting for chairman, $500 per meeting for other members |

 

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**EquityCompensation to Non-Employee Directors**

 
| Initial  Option Grant: |   | To new  non-employee directors, ten-year option to purchase 25,000 shares, vesting  over three years on the first, second and third anniversary dates of the date  of grant if the director is then a director of MathStar, at an exercise price  equal to the exercise price of the common stock on the date of grant. |
|------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                   |   |                                                                                                                                                                                                                                                                                                                    |
| Annual  Grant:         |   | Upon the  re-election of each non-employee director to the board, ten-year option to  purchase 5,000 shares, vesting one year after grant if the director is then a  director of MathStar, at an exercise price equal to the exercise price of the  common stock on the date of grant.                                  |

 

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