Document:

December 31, 2011 Exhibit 10.12

 Exhibit 10.12

DIRECTOR AGREEMENT 

DIRECTOR AGREEMENT (this "Agreement"), dated as of January 20, 2010, by and between
Cavitation Technologies, Inc., a Nevada corporation ("Company"), and James Fuller ("Fuller"). 

WITNESSETH: 

WHEREAS, Company believes that it is in its own best interests and in the best interests of its
stockholders that the Audit Chairman of the audit committee ("Audit Chairman") of Company's board of directors (the
"Board") be an individual who is not an employee of Company; and 

WHEREAS, Company desires to retain the services of Fuller in the capacity of Audit Chairman as well
as adding Fuller to the Company's Board and Fuller desires to provide such services in such capacity, upon the terms and subject to
the conditions hereinafter set forth; and 

WHEREAS, the Board has approved the terms of this Agreement. 

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and obligations
hereinafter set forth, the parties hereto, intending to be legally bound, hereby agree as follows: 

1.  Election as Director; Appointment. Company agrees to appoint Fuller as a
member of the Board and as Audit Chairman, both as of the date hereof, and agrees to use its best efforts and powers to sustain and
continue Fuller's election as a member of the Board for successive one year terms at each annual meeting of stockholders of Company
and each special meeting of stockholders of Company convened for such purpose unless this Agreement is terminated sooner
pursuant to Section 4 hereof (the "Term"). During the Term, at all times that Fuller is a member of the Board, he shall be
appointed as Audit Chairman. 

2.  Duties and Extent of Services. 

(a)  During the Term, Fuller shall serve as Audit Chairman as well as serving as a regular
member of the Board, and, in such capacity, shall provide those services required of a director under Company's articles of
incorporation and bylaws, as both may be amended from time to time, and under the Nevada Revised Statutes, the federal securities
laws and other state and federal laws and regulations, as applicable, and shall render such services as are customarily associated with
and are incident to the position of Audit Chairman and a member of the Board and such other services as Company may, from time to
time, reasonably require of him consistent with such position. Such duties and responsibilities shall include, but shall not be limited to,
chairing all meetings of the audit committee and participating in all meetings of the Board. 

(b)  Fuller shall faithfully, competently and diligently perform to the best of his ability all of the
duties required of him as Audit Chairman and as a member of the Board. 

(c)  The parties acknowledge that the position of Audit Chairman and as a member of the
Board does not involve Fuller acting as an executive officer of the Company. 

3.  Compensation. 

(a)  Initial Compensation: As compensation for Fuller's entering into this Agreement and
performing his services hereunder, (i) concurrently herewith the Company is granting Fuller 37,500 shares of Common Stock of the
Company  and (ii) the Company shall grant Fuller an additional 37,500 shares every subsequent quarter during which Fuller serves as
Audit Chairman and a member of the Board. 

(b)  Other Benefits. During the Term Fuller shall be entitled to any benefits made available to
non-executive members of the Board generally. 

(c)  Expenses. Company agrees to reimburse Fuller for all reasonable and necessary travel,
and other out-of-pocket business expenses incurred or expended by him in connection with the performance of his duties hereunder
upon presentation of proper expense statements or vouchers or such other supporting information as Company may reasonably require
of Fuller. 

4.  Termination. The Company shall have the right to remove Fuller from, or not
reelect Fuller to, the Board and shall have the right to remove Fuller from, or not reelect Fuller to, the position of Audit Chairman. Fuller
shall have the right, exercisable at any time during the Term, upon thirty (30) days written notice to Company, to resign as Audit
Chairman or as a member of the Board. 

5.   Independent Contractor. Fuller is an independent contractor and will not
be deemed an employee of Company for purposes of employee benefits, income tax withholding, FICA taxes, unemployment benefits
or otherwise. 

  6.  Entire Agreement. This Agreement is intended by the parties as a
final expression of their agreement with respect to the subject matter hereof and is intended as a complete and exclusive statement of
the terms and conditions thereof and supersedes and replaces all prior negotiations and agreements between the parties hereto,
whether written or oral, with respect to the subject matter hereof. 

7.  Governing Law. 

(a)  This Agreement shall be governed by and construed under the laws of the State of
California, applicable to contracts to be wholly performed in such State, without regard to the conflict of laws principles thereof. 

(b)  Any action to enforce any of the provisions of this Agreement shall be brought in a court
of the State of California in the county of Los Angeles or in a Federal court located within the county of Los Angeles. The parties
consent to the jurisdiction of such courts and to the service of process in any manner provided by California law. Each party irrevocably
waives any objection which it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in
such court and any claim that such suit, action or proceeding brought in such court has been brought in an inconvenient forum and
agrees that service of process in accordance with the foregoing sentences shall be deemed in every respect effective and valid
personal service of process upon such party. 

8.  Amendment. This Agreement may be amended, modified or superseded, and
any of the terms hereof may be waived, only by a written instrument executed by the parties hereto. 

9.  Assignability. The obligations of Fuller may not be delegated and Fuller may not,
without Company's written consent thereto, assign, transfer, convoy, pledge, encumber, hypothecate or otherwise dispose of this
Agreement or any interest herein. Any such attempted delegation or disposition shall be null and void and without effect. Company and
Fuller agree that this Agreement and all of Company's rights and obligations hereunder may be assigned or transferred by Company to
and shall be assumed by and be binding upon any successor to Company. The term "successor" means, with respect to
Company or any of its subsidiaries, any corporation or other business entity which, by merger, consolidation, purchase of the assets or
otherwise acquires all or a material part of the assets of Company. 

10.  Severability. If any provision of this Agreement or any part thereof is held to be
invalid or unenforceable, the same shall in no way affect any other provision of this Agreement or remaining part thereof; which shall be
given full effect without regard to the invalid or unenforceable part thereof. 

  11.  Notices. All notices, requests, demands and other
communications required or permitted to be given or made under this Agreement, shall be given or made in writing by registered or
certified mail, return receipt requested, or by overnight carrier service or by facsimile transmission and will be deemed to have been
given or made on the date following receipt or attempted delivery at the following locations: 

To Fuller: 

   James Fuller

   2548 Filbert Street 

   San Francisco, CA 94123

To Company; 

   Cavitation Technologies, Inc.

   10019 Canoga Ave

   Chatsworth, California 91311 

   Attention: Chief Executive Officer 

Either party may change the address to which notices shall be sent by sending written notice of such change of
address to the other party. Any such notice shall be deemed given, if delivered personally, upon receipt; if telecopied, when telecopied;
if sent by courier service providing for next-day delivery, the next business day following deposit with such courier service; and if sent
by certified or registered mail, three days after deposit (postage prepaid) with the U.S. mail service. 

12.   Indemnification. Company hereby agrees to indemnify and hold harmless
Fuller, his affiliates (and such affiliates' directors, officers, employees, agents and representatives) and permitted assigns, to the fullest
extent permitted under Nevada law, from and against any and all losses, damages, liabilities, obligations, costs or expenses which are
caused by or arise out of (i) any breach or default in the performance by the Company of any covenant or agreement of the Company
contained in this Agreement, and (ii) any breach of warranty or inaccurate or erroneous representation made by the Company herein,
and (iii) any and all actions, suits, proceedings, claims, demands, judgments, costs and expenses (including reasonable legal fees)
incident to any of the foregoing. The Company shall advance any expenses reasonably incurred by Fuller in defending an indemnifiable
action hereunder, with such expenses to be reimbursed by Fuller only in the event that a court of competent jurisdiction enters a binding
judgment, order or decree that Fuller acted in bad faith or in a manner he reasonably believed not to be in the best interests of the
Company. 

13.  Paragraph Headings. The paragraph headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 

14.  Counterparts. This Agreement may be executed in one or more counterparts, each of which shall
be deemed to be an original, but all of which taken together shall constitute one and the same instrument. 

  IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first written above. 

	
 
	
 
	
 

	 	
CAVITATION TECHNOLOGIES, INC.

	
 

 
	
 

 
	
 

 

	
 
	
By:  
	 
	
 
	
/s/Roman Gordon, CEO

	
  
	
      
	 
	
 
	
/s/James Fuller, Board MemberDecember 31, 2011 Exhibit 10.16

 Exhibit 10.16

Warrant No. C-

Initially Issued November 22, 2010

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES ARE
SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT
AS PERMITTED UNDER THE ACT AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR
EXEMPTION THEREFROM.  INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL
RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME.  THE ISSUER OF THESE SECURITIES MAY REQUIRE AN
OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED
TRANSFER OR RESALE IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

STOCK PURCHASE WARRANT

                       To Purchase Common Stock of

                       CAVITATION TECHNOLOGIES, INC.

For value received, the Cavitation Technologies, Inc. a Nevada corporation (the "Company") hereby grants to Pinnacle Financial
Group and Insurance Services, Inc (the "Investor"), and his assigns, the right to purchase from the Company a 600,000 shares of
Common Stock (the "Shares"). The exercise price per Share shall be $0.60 per Share.

The amount and kind of securities purchasable under this Warrant, and the Purchase Price, are subject to
adjustment as provided below.

1.Title of Warrant.  Prior to the expiration hereof and subject to
compliance with applicable laws, this Warrant and all rights hereunder are transferable, in whole or in part, at the office or agency of the
Company referred to in Section 2(a) below, by the registered holder hereof (the "Holder") in person or by duly authorized
attorney, upon surrender of this Warrant and the Assignment Form attached hereto properly endorsed.

2.Exercise of Warrant.

(a)The purchase rights represented by this Warrant are exercisable by the Holder, in whole or in part, at
any time before the close of business on November 22, 2013 by the surrender of this Warrant and the Notice of Exercise attached
hereto duly executed at the office of the Company (or such other office or agency of the Company as it may designate in writing to the
Holder at the address of the Holder appearing on the books of the Company), and upon payment of the Purchase Price of the shares
thereby purchased (by cash, check, or cancellation of indebtedness of the Company to the Holder, if any, at the time of exercise in an
amount equal to the purchase price of the shares thereby purchased); whereupon the Holder shall be entitled to receive a certificate for
the number of shares of Common Stock so purchased.  The Company agrees that upon due exercise of this Warrant by the Holder, the
shares so purchased shall be and be deemed to be issued to the Holder as the record owner of such shares as of the close of business
on the date on which this Warrant is exercised.

(b)In lieu of the cash payment set forth in Section 2(a) above, the Holder shall have the right
("Conversion Right") to convert this Warrant in its entirety (without payment of any kind) into that number of Shares of Common Stock
equal to the quotient obtained by dividing the Net Value (as defined below) of the Shares by the Fair Market Value (as defined below) of
one share of Common Stock.  As used herein, (A) the Net Value of the Shares means the aggregate Fair Market Value of the Common
Stock subject to this Warrant minus the aggregate purchase price; and (B) the Fair Market Value of one share of Common means the 5
day closing average price of the Company's Common Stock immediately preceding the conversion.

(c)Certificates for shares purchased hereunder shall be delivered to the Holder within a reasonable period
of time after the date on which this Warrant is exercised.

(d)The Company covenants that all shares of Common Stock  which  may be issued upon the exercise of
this Warrant will be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges in respect of
the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).

3.No Fractional Shares or Scrip.  No fractional shares or scrip
representing fractional share shall be issued upon the exercise of this Warrant.  With respect to any fraction of a share called for upon
the exercise of this Warrant, an amount equal to such fraction multiplied by the current Purchase Price at which each share may be
purchased hereunder shall be paid in cash to the Holder.

4.Charges, Taxes and Expenses.  Issuance of certificates for
shares of Common Stock upon the exercise of this Warrant shall be made without charge to the Holder for any issue or transfer tax or
other incidental expense in respect of the issuance of such certificate, all of which taxes and expenses shall be paid by the Company,
and such certificates shall be issued in the name of the Holder or in such name or names as may be directed by the Holder; provided
however that in the event certificates for shares of Common Stock are to be issued in a name other than the name of the Holder, this
Warrant when surrendered for exercise shall be accompanied by the Assignment Form attached hereto duly executed by the Holder;
and provided further that upon any transfer involved in the issuance or delivery of any certificates for shares of Common Stock, the
Company may require reimbursement for any transfer tax.

5.No Rights as Shareholder.  This Warrant does not entitle the
Holder to any voting rights or other rights as a Shareholder of the Company prior to the exercise hereof.

6.Exchange and Registry of Warrant.  This Warrant is
exchangeable, upon the surrender hereof by the Holder at the above-mentioned office or agency of the Company, for a new Warrant of
like tenor and dated as of such exchange.  The Company shall maintain at such office or agency a registry showing the name and
address of the Holder.  This Warrant may be surrendered for exchange, transfer or exercise, in accordance with its terms, at such office
or agency of the Company, and the Company shall be entitled to rely in all respects, prior to written notice to the contrary, upon such
registry.

                                               2

7.Loss, Theft, Destruction or Mutilation of Warrant.  Upon
receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant, and in case
of loss, theft or destruction, of indemnity or security reasonably satisfactory to it, and upon reimbursement to the Company of all
reasonable expenses incidental thereto, and upon surrender and cancellation of such Warrant, if mutilated, the Company will make and
deliver a new Warrant of like tenor and dated as of such cancellation, in lieu of this Warrant.

8.Saturdays, Sundays, Holidays, etc.  If the last or appointed
day for the taking of any action or the expiration of any right required or granted herein shall be a Saturday or a Sunday or shall be a
legal holiday, then such action may be taken or such right may be exercised on the next succeeding day not a legal holiday.

9.Adjustment and Termination.

(a)Early Termination on Merger, etc.  If at any time the Company proposes to (i) merge
with or into any other corporation, effect a reorganization, or sell or convey all or substantially all of its assets to any other entity in a
transaction in which the shareholders of the Company immediately before the transaction own immediately after the transaction less
than a majority of the outstanding voting securities of the surviving entity (or its parent) (a "Merger Transaction"), or (ii) effect a
registered public offering of its shares, then the Company shall give the holder of this Warrant ten (10) days notice of the proposed
effective date of the transaction and, if the Warrant has not been exercised by the effective date of the transaction, it shall
terminate.

(b)Reclassification, etc.  If the Company at any time shall, by subdivision, combination or
reclassification of securities or otherwise, change any of the securities to which purchase rights under this Warrant exist into the same
or a different number of securities of any class or classes, the Shares of Common Stock for which this Warrant is exercisable shall
thereafter be convertible into the kind and number of Common Stock or other securities or property of the Company or otherwise to
which the Holder would have been entitled if immediately prior to such change the Holder had acquired the Common Stock for which
this Warrant is exercisable.  If shares of the Company's Common Stock or other securities purchasable hereunder are subdivided or
combined into a greater or smaller number of securities, the Purchase Price under this Warrant shall be proportionately reduced in case
of subdivision of shares of Common Stock or proportionately increased in the case of combination of shares of Common Stock.  No
adjustment on account of cash dividends or interest on the Shares of Common Stock interests or other securities purchasable
hereunder will be made to the Purchase Price under this Warrant.

(c)Notice of Adjustment.  Upon any adjustment of the securities issuable upon exercise of this
Warrant, Purchase Price for the shares, and/or any increase or decrease in the number of shares purchasable upon the exercise of this
Warrant, the Company shall give written notice thereof, by first class mail, postage prepaid, addressed to the Holder at the address of
the Holder as shown on the books of the Company.

                                               3

(d)Authorized Shares.  The Company covenants that during the period the Warrant is outstanding,
it will reserve from its authorized and unissued Common Stock or other securities purchasable hereunder a sufficient number of shares
to provide for the issuance of Shares of Common Stock or other securities upon the exercise of any purchase rights under this
Warrant.

10.Miscellaneous.

(a)Issue Date.  The provisions of this Warrant shall be construed and shall be given effect in all
respect as if it had been issued and delivered by the Company on the date hereof.  This Warrant shall be binding upon any successors
or assigns of the Company.  This Warrant shall constitute a contract under the laws of the State of California and for all purposes shall
be construed in accordance with and governed by the laws of said state.

(b)Restrictions.  The Holder of this Warrant, by acceptance hereof, makes the representations of
an Investor under Section 3 of the Purchase Agreement and shall confirm such representations upon any exercise of this
Warrant.  The Holder acknowledges that the securities acquired upon the exercise of this Warrant may have restrictions upon its resale
imposed by state and federal securities laws.

(c)Modification and Waiver.  This Warrant and any provisions hereof may be changed, waived,
discharged or terminated only by an instrument in writing signed by the party against which enforcement of the same is sought.

(d)Notices.  All notices, reports and other communications required or permitted hereunder shall
be in writing and may be delivered in person, by telecopy with written confirmation, overnight delivery service or U.S. mail, in which
event it may be mailed by first-class, certified or registered, postage prepaid, addressed to the Holder at its address as shown on the
books of the Company or to the Company at its address of record.

Each such notice, report or other communication shall for all purposes under this Warrant be treated as
effective or having been given when delivered if delivered personally or, if sent by mail, at the earlier of its receipt or 72 hours after the
same has been deposited in a regularly maintained receptacle for the deposit of the United States mail, addressed and mailed as
aforesaid, or, if sent by telecopier with written confirmation, at the earlier of (i) 24 hours after confirmation of transmission by
the sending telecopier machine or (ii) delivery of written confirmation.

Dated:  November 22, 2010
CAVITATION TECHNOLOGIES, INC

By: ____________________________

Title: _____________________________

                                               4

ASSIGNMENT FORM

(To assign the foregoing Warrant, execute

                   this form and supply the required information.

                   Do not use this form to purchase shares.)

FOR VALUE RECEIVED, the undersigned hereby, sells, assigns and transfers unto:

 ________________________________________________________________________ 

whose address is ___________________________________________________ 

                       (Please Print)

and whose Social Security or other Taxpayer Identification Number is: __________________

the foregoing Warrant and all rights thereunder, hereby constituting and appointing
______________________________________ to transfer said Warrant on the books of the Company, will full power of
substitution in the premises.

Dated: ______________, 20__.

Holder's Signature: ______________________________

Holder's Name: ____________________________

                      (Please Print)

Holder's Address: ______________________________

                      (Please Print)

 ____________________________ 

Signature Guaranteed: ____________________________________________

NOTE:  The signature to this Assignment Form must correspond with the name as it appears on
the face of the Warrant, without alteration or enlargement or any change whatever, and must be guaranteed by a bank
or trust company or by a member of the National Association of Securities Dealers, Inc.  Officers of corporations and
those acting in a fiduciary or other representative capacity should file proper evidence of authority to assign the
foregoing Warrant.

                                               5

NOTICE OF EXERCISE

To:Cavitation Technologies, Inc.

                       10019 Canoga Ave

                       Chatsworth, CA 91311

(1)The undersigned hereby elects to purchase ______________ shares of Common Stock
of (the "Shares") of Cavitation Technologies, Inc. pursuant to the terms of the attached Warrant, and tenders herewith
payment of the purchase price in full, together with all applicable transfer taxes, if any.

(2)Please issue a certificate or certificates representing the Shares in the name of the
undersigned or in such other name as is specified below:

____________________________________

                                                         (Print Name)

____________________________________

                                                        (Print Address)

____________________________________

(3)The undersigned confirms that the Shares are being acquired for the account of the undersigned for
investment only and not with a view to, or for resale in connection with, the distribution thereof and that the undersigned
has no present intention of distributing or selling the Shares.

	

_________________________________

(Date)

	

_________________________________

(Signature)

_________________________________

(Print Name)

                                               6

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