Document:

Exhibit 10.14

 

 

 

March 3, 2021

 

Christiana Obiaya

3919 Southwestern Street

Houston, TX 77005

 

Dear Christiana:

 

It gives me great pleasure to
offer you employment as Chief Financial Officer, Heliogen, Inc. (the “Company”). You will report to me, Bill Gross, Chief
Executive Officer, Heliogen, Inc. As we discussed you will begin your employment on March 8, 2021 and the following terms and conditions
will apply to your employment.

 

		1.	Salary. Your salary will be $10,576.92 payable on a bi-weekly basis (annualized to $275,000 per
year) in accordance with the Company’s normal payroll practices. Your salary is subject to modification during your employment in
accordance with the Company’s practices, policies, or procedures.

 

		2.	Incentive Compensation. In addition to your salary, upon approval of the Company’s Board
of Directors, the Company will grant you an option to purchase 500,000 shares of the Company’s common stock pursuant to the terms
provided on Attachment I (Stock Option Summary Sheet) and subject to the terms of the Company’s Stock Plan and an applicable stock
option agreement between you and the Company. You understand that incentive compensation is not guaranteed.

 

		3.	Flexible Time Off. You will be able to use Flexible Time Off (FTO) with pay during current and
subsequent years of employment in accordance with the Company’s FTO policy.

 

		4.	Benefits (Health and Welfare Plans). In addition to your compensation, if you work, on average,
20 or more hours per week, you will be eligible to receive the benefits that are generally offered to all Company employees effective
the first of the month following your hire date. The program includes medical plans, dental plans, a vision plan, flexible spending accounts,
disability insurance, and life and accidental death and dismemberment insurance. These programs are subject to change at the discretion
of the Company.

 

		5.	401(k) Plan. You will be eligible to participate in the Company’s 401(k) Plan on your hire
date. This plan is subject to change at the discretion of the Company.

 

		6.	Holidays. You will be paid for selected holidays in accordance with the Company’s holiday
schedule. This schedule is subject to change at the discretion of the Company.

 

As a condition of your employment
with the Company, you will furnish and will continue to furnish the Company all necessary documentation that will satisfy the requirements
of the Immigration Reform and Control Act of 1986.

 

Your employment is expressly
contingent upon the acceptable results of a background check. Any falsification of an applicant’s employment history or educational
background will result in withdrawal of the offer and or termination of employment, if hired.

 

Your employment with the Company
is at will. This means that either you or the Company may terminate your employment at any time, with or without cause and with or without
notice. We both agree that any dispute arising with respect to your employment and the termination of that employment shall be conclusively
settled by final and binding arbitration in accordance with the arbitration procedures described in the Employee Confidentiality and Non-Disclosure
Agreement.

 

130 W. UNION STRET, PASADENA,
CA 91103 626-585-6900 TEL 626-5335-2701 FAX 

 

     

     

    

 

By signing this letter, you
acknowledge that the terms described in this letter, together with the Employee Confidentiality and Non-Disclosure Agreement, sets forth
the entire understanding between us and supersedes any prior representations or agreements, whether written or oral; there are no terms,
conditions, representations, warranties or covenants other than those contained herein. No term or provision of this letter may be amended
waived, released, discharged or modified except in writing, signed by you and an authorized officer of Heliogen, Inc. except that the
Company may, in its sole discretion, adjust salaries, incentive compensation, benefits, job titles, locations, duties, responsibilities,
and reporting relationships.

 

Enclosed are the following:

 

		1.	Attachment I — Stock Option Summary Sheet

		2.	Employee Confidentiality and Non-Disclosure Agreement

 

Our offer is contingent on your
understanding and acceptance of the agreements and practices referred to in this letter. Please acknowledge your acceptance of this offer
of employment on the terms indicated by signing the enclosed copy of this letter, completing the Employee Confidentiality and Non-Disclosure
Agreement and returning them to me as soon as possible. Should you have any questions, please feel free to contact me. Christiana, I am
personally pleased you have chosen to accept our offer and I look forward to working with you toward our mutual success.

 

Sincerely,

 

	/s/ Bill Gross	 
	Bill Gross	 
	Chief Executive Officer	 
	Heliogen, Inc.	 

 

I accept the position
of Chief Financial Officer, Heliogen, Inc., on the terms described within this letter.

 

	/s/ Christiana Obiaya	 	3/7/21
	Christiana Obiaya – SIGNATURE	 	DATE

 

    -2-

     

    

 

ATTACHMENT I

 

HELIOGEN, INC.

 

STOCK OPTION SUMMARY SHEET

 

The following is a summary
sheet of certain terms which apply to option grants to purchase common stock of Heliogen, Inc. (the “Company”). For complete
details, please carefully review the Company’s stock plan and the applicable option agreement between you and the Company.

 

	
    Exercise Price:
	The purchase price per share will be equal to the fair market value of the common stock on the grant date.
	 	 
	Vesting:	
    Assuming you remain
an employee, your stock option will vest with respect to 25% of the shares subject to the option on the one year anniversary of your
commencement of employment and thereafter, 1/48th of the total shares each month so that the shares are fully vested on the
fourth anniversary of your commencement date. Fifty percent (50%) of any unvested shares shall accelerate and become immediately vested
if within six months after a Change of Control (as defined below), you are terminated by the Company other than for Cause (as defined
below) or your employment is terminated by you for Good Reason (as defined below).

     

    A “Change of Control”
    shall occur upon (i) any acquisition or merger of the Company where the stockholders of the Company immediately prior to such transaction
    hold 50% or less of the voting power of the surviving corporation or (ii) any sale of all or substantially all of the assets of the Company.

     

    “Cause” is defined
    as (i) any act of fraud, embezzlement or dishonesty taken by you in connection with your job responsibilities, (ii) your conviction of
    or plea of guilty or nolo contendere to a felony, (iii) your willful misconduct which adversely affects or is likely to adversely affect
    the business and affairs of the Company, (iv) your continued willful refusal to perform your employment duties after you have received
    a written demand for performance from the Company which specifically sets forth the factual basis for the Company’s belief that
    you have willfully refused to perform your duties or (v) your material breach of any provision of your offer letter or Employee Confidentiality
    and Non-Disclosure Agreement.

     

    “Good Reason”
    is defined as (i) you are assigned duties materially inconsistent with, or reflecting a materially adverse change in, your compensation,
    position, duties, or responsibilities with the Company or (ii) the Company’s principal executive offices are relocated to a
    location which would require you to commute at least thirty (30) miles more each way than your commute to the Company’s principal
    executive offices as of the date of this Agreement.

     

	Additional Conditions:	All option grants are subject to approval by the Company’s Board of Directors and availability under the Company’s option pool. Any stock option will be granted as of the date of approval of the grant by the Company’s Board of Directors. All option grants are subject to the terms, definitions and provisions of the Company’s stock plan and an applicable option agreement between you and the Company.

 

 

-3-Exhibit
4.1

 

DISTRIBUTION REINVESTMENT
PLAN

OF

CĪON INVESTMENT CORPORATION

 

CĪON
Investment Corporation, a Maryland corporation (the “Corporation”), has adopted the following plan (the “Plan”),
to be administered by DST Asset Management Solutions, Inc. and its affiliates (the “Plan
Administrator”), with respect to distributions declared by the Corporation’s Board of Directors on shares of its common
stock, par value $0.001 per share (the “Common Stock”).

 

Prior to the listing of shares
of Common Stock on the New York Stock Exchange (the “Listing”), participation required that a shareholder affirmatively
 “opt in” to the Plan. Subsequent to the Listing, participation requires no action on the part of a shareholder, and a shareholder
who does not wish to participate must “opt out” of the Plan. Upon a Listing, all shareholders, including those who held shares
prior to the Listing, must affirmatively opt out in the manner detailed in Section 8 hereof if they do not wish to participate in the
Plan.

 

A shareholder who participates
in the Plan, either by electing to (i) “opt in” to the Plan prior to the Listing or (ii) not “opt out” of the
Plan following the Listing (each a “Participant”), will be subject to the terms below.

 

1.      All cash distributions hereafter declared by the Board of Directors, net of any applicable withholding tax, shall be automatically
reinvested in additional shares of Common Stock, and no action shall be required on such Participant’s part to receive a distribution
in Common Stock.

 

2.      Such distributions shall be payable on such date or dates as may be fixed from time to time by the Board of Directors to shareholders
of record at the close of business on the record date established by the Board of Directors for the distribution involved.

 

3.      With respect to each distribution pursuant to this Plan, the Board of Directors reserves the right, subject to the provisions of
the Investment Company Act of 1940, as amended, to either issue new shares of Common Stock or to make open market purchases of its shares
of Common Stock for the accounts of Participants. The Corporation intends to use primarily newly issued shares of its Common Stock to
implement the Plan, so long as shares of its Common Stock are trading at or above net asset value. Following a Listing, if shares of its
Common Stock are trading below net asset value, the Corporation intends to cause the Plan Administrator, to the extent permitted by law
and after taking into account any additional expenses related to open market purchases, to purchase shares of Common Stock in the open
market in connection with the implementation of the Plan. However, the Corporation reserves the right to issue new shares of its Common
Stock in connection with its obligations under the Plan even if shares of its Common Stock are trading below net asset value. If newly
issued shares are used to implement the Plan, the number of shares of Common Stock to be issued to a Participant is determined by dividing
the total dollar amount of the distribution payable to such shareholder by the market price per share of Common Stock at the close of
regular trading on the New York Stock Exchange on the payment date subject to the adjustments described below. The market price per share
of Common Stock on a particular date shall be the closing price for such shares on the New York Stock Exchange on such date or, if no
sale is reported for such date, at the average of their reported bid and asked prices. However, if the market price per share exceeds
the most recently computed net asset value per share, the Corporation shall issue shares at the greater of (i) the most recently computed
net asset value per share and (ii) 95% of the current market price per share. If the market price per share is less than the most recently
computed net asset value per share, and the Company issues shares pursuant to the Plan, the Company shall issue such shares at net asset
value. If shares of Common Stock are purchased in the open market to implement this Plan, the number of shares to be issued to a shareholder
shall be determined by dividing the dollar amount of the cash distribution payable to such shareholder by the weighted average price per
share for all shares purchased by the Plan Administrator in the open market in connection with the distribution. The number of shares
of Common Stock to be outstanding after giving effect to payment of the distribution cannot be established until the value per share at
which additional shares will be issued has been determined and elections of the shareholders have been tabulated.

 

     

     

    

 

4.      The Plan Administrator shall establish an account for shares of Common Stock acquired pursuant to the Plan for each Participant.
The Plan Administrator shall hold each Participant’s shares, together with the shares of other Participants, in non-certificated
form. The Plan Administrator shall not issue share certificates to any Participant.

 

5.      The Plan Administrator shall confirm to each Participant each acquisition made pursuant to the Plan as soon as practicable but
not later than 30 business days after the payment date. Each Participant may from time to time have an undivided fractional interest (computed
to three decimal places) in a share of Common Stock, and distributions on fractional shares shall be credited to each Participant’s
account. In the event of termination of a Participant’s account under the Plan, the Plan Administrator shall adjust for any such
undivided fractional interest in cash at the market value of the shares of Common Stock at the time of termination determined in accordance
with Paragraph 3 hereof.

 

6.      In the event that the Corporation makes available to its shareholders rights to purchase additional shares or other securities,
the shares held by the Plan Administrator for each Participant under the Plan shall be added to any other shares held by the Participant
in calculating the number of rights to be issued to the Participant. Transaction processing may be either curtailed or suspended until
the completion of any stock dividend, stock split or corporate action.

 

7.      The Plan Administrator’s service fee, if any, and expenses for administering the Plan shall be paid for by the Corporation.

 

8.      Each Participant may elect to receive an entire distribution in cash by notifying the Plan Administrator in writing at DST
Asset Management Solutions, Inc., c/o ICON Capital, LLC, P.O. Box 219476, Kansas City, MO 64121-9476, so that such notice is received
by the Plan Administrator no later than the record date for such distribution to shareholders.

 

9.      Each Participant may terminate the Participant’s account under the Plan by so notifying the Plan Administrator by submitting
a letter of instruction terminating the Participant’s account under the Plan to the Plan Administrator. Such termination shall be
effective immediately if the Participant’s notice is received by the Plan Administrator at least three days prior to any distribution
date; otherwise, such termination shall be effective only with respect to any subsequent distribution. The Plan may be terminated or amended
by the Corporation upon notice in writing that is published and made publicly available at least 30 days prior to any record date for
the payment of any distribution by the Corporation. Upon any termination, the Plan Administrator shall cause the shares of Common Stock
held for the Participant under the Plan to be delivered to the Participant.

 

10.    These terms and conditions may be amended or supplemented by the Corporation at any time but, except when necessary or appropriate
to comply with applicable law or the rules or policies of the Securities and Exchange Commission or any other regulatory authority, only
by publishing and making publicly available appropriate written notice at least 30 days prior to the effective date thereof. The amendment
or supplement shall be deemed to be accepted by each Participant unless, prior to the effective date thereof, the Plan Administrator receives
written notice of the termination of the Participant’s account under the Plan. Any such amendment may include, without limitation,
an appointment by the Plan Administrator in its place and stead of a successor agent under these terms and conditions, with full power
and authority to perform all or any of the acts to be performed by the Plan Administrator under these terms and conditions. Upon any such
appointment of any agent for the purpose of receiving distributions, the Corporation shall be authorized to pay to such successor agent,
for each Participant’s account, all distributions payable on shares of Common Stock held in the Participant’s name or under
the Plan for retention or application by such successor agent as provided in these terms and conditions.

 

    	 	2	 

     

    

 

11.    The Plan Administrator shall at all times act in good faith and use its best efforts within reasonable limits to ensure its full
and timely performance of all services to be performed by it with respect to purchases and sales of the Corporation’s Common Stock
under this Plan and to comply with applicable law, but assumes no responsibility and shall not be liable for loss or damage due to errors
unless such error is caused by the Plan Administrator’s negligence, bad faith or willful misconduct or that of its employees or
agents.

 

12.    These terms and conditions shall be governed by the laws of the State of Maryland.

 

 

 

 

    	 	3

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