Document:

Exhibit 10.3.2

 

Lock-Up Agreement (MDB)

 

Dated as of February 4, 2015

 

 

ClearSign Combustion Corporation

12870 Interurban Avenue South

Seattle, Washington 98168

 

Ladies and Gentlemen:

 

This agreement is being
delivered to you in connection with the proposed Underwriting Agreement (the “Underwriting Agreement”) between
ClearSign Combustion Corporation, a Washington corporation (the “Company”), and MDB Capital Group, LLC (“MDB”)
relating to a proposed underwritten public offering of shares (the “Shares”) of the Company’s Common Stock
(the “Common Stock”).

 

In connection with
the Underwriting Agreement, MDB agrees that, during the period beginning on and including the date of the Underwriting Agreement
through and including the date that is six months after the date of the Underwriting Agreement (the “Lock-Up Period”),
MDB will not, without the prior written consent of the Company, only in respect of 277,231 shares of Common Stock and any shares
of Common Stock that may be issued under any warrants of the Company issued to or held by MDB prior to the date hereof for an aggregate
of 244,818 shares of Common Stock, directly or indirectly:

 

offer, pledge,
sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right
or warrant to purchase, lend or otherwise transfer or dispose of any of such shares of Common Stock, or

 

		(i)	enter into any swap or other agreement, arrangement or transaction
that transfers to another, in whole or in part, directly or indirectly, any of the economic consequence of ownership of any of
such shares of Common Stock.

 

Moreover, if:

 

		(1)	during the last 17 days of the Lock-Up Period, the Company issues an
earnings release or material news or a material event relating to the Company occurs, or 

 

		(2)	prior to the expiration of the Lock-Up Period, the Company announces
that it will release earnings results during the 16-day period beginning on the last day of the Lock-Up Period,

 

the Lock-Up Period shall be extended and
the restrictions imposed by this agreement shall continue to apply until the expiration of the 18-day period beginning on the date
of issuance of the earnings release or the occurrence of the material news or material event, as the case may be, unless the Company
waives, in writing, such extension.

 

For clarity in the
scope of the restrictions imposed by this agreement, it does not apply to any shares of Common Stock to be acquired by MDB under
the Underwriting Agreement, any shares acquired or sold in any syndicate covering transactions, underwriting short sale transactions,
penalty bid transactions, or other underwriting transactions that MDB may engage in from time to time in connection with the offering
under the Underwriting Agreement, any transactions in connection with any customer order, any transactions made through the trading
account of MDB, and any similar transactions made by MDB, including, but not limited to shares acquired by MDB from officers, directors,
affiliates and/or other restricted shareholders of the Company.

 

    	 

    	 

    

 

Notwithstanding the
provisions set forth in the immediately preceding paragraph, MDB may, without the prior written consent of the Company, (1) transfer
any shares of such Common Stock or any securities convertible into or exchangeable or exercisable for such shares of Common Stock
as a bona fide gift or gifts, corporate reorganization, or by will or intestacy, to any successor corporate entity, any member
or shareholder of such successor corporate entity, any member of the immediate family (as defined below) of the member or shareholder
of MDB or any successor corporate entity or to a trust the beneficiaries of which are exclusively any successor corporate entity
of MDB or its shareholders or members and their immediate family members or to a charity or educational institution; provided,
however, that it shall be a condition to the transfer that the transferee executes and delivers to the Company not later than
one business day prior to such transfer, a written agreement, in substantially the form of this agreement or (2) exercise or convert
currently the outstanding warrants so long as MDB agrees that the shares of Common Stock received from any such exercise will be
subject to this agreement. For purposes of this paragraph, “immediate family” shall mean a spouse, child, grandchild
or other lineal descendant (including by adoption), father, mother, brother or sister of the undersigned.

 

The undersigned hereby
represents and warrants that the undersigned has full power and authority to enter into this agreement and that this agreement
has been duly executed and delivered by the undersigned and is a valid and binding agreement of the undersigned. This agreement
and all authority herein conferred are irrevocable and shall survive the death or incapacity of the undersigned and shall be binding
upon the heirs, personal representatives, successors and assigns of the undersigned

 

[Signature Page Immediately
Follows]

 

    	2

    	 

    

 

IN WITNESS WHEREOF,
the undersigned has executed and delivered this agreement as of the date first set forth above.

 

	 	Yours very truly,	 
	 	 	 
	 	MDB CAPITAL GROUP LLC	 
	 	 	 
	 	/s/ Gary Shuman	 
	 	 	 
	 	Print Name: Gary ShumanExhibit 10.6

 

Confidentiality
and Proprietary Rights Agreement

 

I, the undersigned
employee or consultant, enter into this Confidentiality and Proprietary Rights Agreement (Agreement) with ClearSign
Combustion Corporation (Company). This Agreement is effective immediately.

 

Company has researched,
compiled and developed certain proprietary data, including, but not limited to customer information, trade secrets, and other information
which is not generally disclosed by Company to the public. In the course of my employment or consulting relationship with Company,
I may acquire knowledge (both orally and in writing) relating to confidential affairs of Company and confidential, proprietary,
and trade secret information. In consideration of my employment or consulting relationship, and Company ‘s time, effort and
resources devoted to my training and briefing, and my access to Confidential Information (defined below) that will assist me in
performing my duties, I agree as follows:

 

1.Confidential
Information. “Confidential Information” is proprietary data that has been
researched, compiled, developed and/or maintained by Company, and which is not generally known within the industry. Confidential
Information includes, but is not limited to, information, ideas, knowledge, data, or know-how related to products, processes, software,
designs, formulae, tests, research, business and/or marketing plans and strategies, costs, profits, pricing, personnel and financial
information, capitalization and other corporate data and information, and information about or obtained from customers, authors,
suppliers, consultants, licensees, or affiliates. Confidential Information also includes information Company has received from
third parties in confidence.

 

(a)Use
and Disclosure Restrictions. I will not use or disclose Confidential Information, in any
form, for any purpose, except in the course of and for the purposes of my employment or consulting relationship with Company and
in compliance with insider trading and information laws, rules, and regulations.

 

(b)Ownership
of Information. I will obtain no right, title or interest in the Confidential Information,
or any related information or data. The Confidential Information and related information shall remain the sole property of Company.

 

(c)Return
of Information. I will return all Confidential Information, including all copies in any
form, to Company immediately upon termination of my employment or consulting relationship with Company, or earlier upon request
of Company.

 

2.Return
of Property. In the course of my employment or consulting relationship with Company, I
may be provided with equipment, supplies, keys, credits cards, software, and other property for business use (collectively, “Company
Property”). I will return all Company Property immediately upon termination of my employment or consulting relationship with
Company, or otherwise immediately on Company’s request.

 

3.Assignment
of Inventions.

 

(a)“Inventions”
means ideas, improvements, designs, processes, formulas, techniques, authored works (whether software or other forms), and/or discoveries
related to the use of electric and/or magnetic fields in flames, furnaces, and combustion systems, including the Company’s
Electrodynamic Combustion ControlTM technology, whether or not reduced to writing, and whether or not patentable or copyrightable.

 

(b)“Covered
Work” means Inventions conceived by me (alone or with others) or that are developed
in whole or in part on Company time as an employee or consultant, or in whole or in part using Company’s equipment, supplies,
or facilities, or that depend for their effectiveness on, or incorporate, Confidential Information. An Invention I conceive or
develop on Company time is Covered Work whether or not my activities occur (i) on or off the premises, (ii) before, during or after
normal working hours, or (iii) within or without the scope of work assigned to me. 

 

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                                         And Proprietary Rights Agreement

    	 

    

 

(c)Assignment.
I understand that Covered Work is work made for hire and, in any case, owned exclusively by Company. To the extent any such Covered
Work does not qualify as work made for hire, I hereby assign to Company all worldwide right, title and interest to all such Covered
Work, whenever made. I hereby waive any rights and claims I may have in any jurisdiction to any moral rights of “droit moral”
with respect to any Covered Work and confirm that Company has the right to make, have made, and own enhancements, derivative works,
and other modifications to Covered Work.

 

(d)Reporting.
I agree to inform an officer of Company if I intend to incorporate into Company’s
products or technology or otherwise use for Company’s benefit any Invention I made that I believe is not a Covered Work.
If I fail to inform an officer of Company prior to such use of an Invention I made, I hereby grant to company a non-exclusive,
unlimited, perpetual, irrevocable, worldwide, royalty-free right and license to use such Invention in connection with Company’s
business and in its sole discretion.

 

(e)Exceptions.
Except as provided in section 3(d), this section 3 does not apply to any Invention I made that predates my employment or consulting
relationship with Company and which is identified on Exhibit A to this Agreement. This section 3 also does not apply to any invention
for which no equipment, supplies, facilities, or trade secret information of Company was used and which was developed entirely
on my own time, unless (i) the invention relates directly to the business of Company, or to Company’s actual or demonstrably
anticipated research or development, or (ii) the invention results from any work I performed for Company. 

 

(f)Cooperation.
I will reveal promptly all information relating to Inventions and Covered Work to an appropriate officer of the Company, including
apprising such officer of the status of the items described in Exhibit A. At Company’s expense, and for no additional compensation,
I will cooperate fully and promptly with Company and execute such documents as may be requested if Company desires to seek, document,
enhance, or defend Company’s ownership, copyright, patent, trademark, or other intellectual property protection relating
to any Covered Work, even after I no longer work for Company. I appoint Company (and its authorized agents) as my agent and attorney-in-fact
for the following limited purposes: to take any action to obtain patents, copyrights, or other kinds of legal protection in Covered
Works; to assign those rights to Company; and to protect those rights from infringement. This appointment and power of attorney
are irrevocable. Any action taken by Company under this power of attorney will have the same legal effect as if I did it myself.

 

4.No
Violation of Contract. My acceptance of an employment or consulting relationship with
Company does not violate any contractual obligations I owe to any third party. I will not use or disclose to Company confidential
information or trade secrets of any third party without that party’s consent. I acknowledge that Company wishes me to abide
strictly by the terms of valid and enforceable obligations I have to prior employers or clients, and that I am to inform an appropriate
officer of the Company whenever I believe a task I am to perform for the Company would put my ability to abide by those obligations
at risk. 

 

5.Employment.
If I am an employee, I will devote my full time and attention to the transaction of Company’s business while I am employed
by Company. Nothing in this Agreement creates an employment contract for a specific term or otherwise alters the at-will nature
of my employment with Company. Either party may terminate the employment relationship at any time, for any reason, with or without
prior notice.

 

6.Conflict
of Interest. While I am employed by or consulting for Company, I will not work, directly
or indirectly, for any company which competes with Company, nor will I solicit Company customers, potential customers or contacts
for the purpose of selling products or services for any person or entity other than Company.

 

7.Non-solicitation.
For one year after my employment or consulting relationship with Company terminates, regardless of the reason for termination,
I will not (a) directly solicit business from any person or entity which then is or was a Company customer, client or prospect
during the twelve (12) months prior to termination, (b) induce any such person or entity to cease or reduce their business relationship
with Company; (c) induce any person to leave the employment of Company; or (d) directly or indirectly hire or use the services
of any Company employee unless I obtain Company’s written consent. I will not aid others in doing anything I am prohibited
from doing myself under this paragraph, whether as an employee, officer, director, shareholder, partner, consultant or otherwise.
For purposes of this paragraph, the term “solicit” includes (i) responding to requests for proposals and invitations
for bids, (ii) initiating contacts with customers, clients, or prospects of Company for the purpose of advising them that I no
longer am employed by or consulting for Company and am available for work which is competitive with the services offered by Company,
and (iii) participating in joint ventures or acting as a consultant or subcontractor or employee of others who directly solicit
business prohibited by this Agreement. The term “Company employee” includes any then current employee of Company or
any person who has left the employ of Company within the then previous six (6) months. The terms “Company client” and
“Company customer” include any parent corporation, subsidiary corporation, affiliate corporation or partner or joint
venture of a client or customer. “Company prospect” means any person or entity to whom Company has submitted a bid
or proposal within the then immediately preceding six (6) months.

 

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                                         And Proprietary Rights Agreement

    	 

    

 

8.Noncompetition.
For one year following termination of my employment for any reason, I will not directly Compete (defined below) with Company anywhere
Company is doing or has plans to do business, nor will I engage in any other activity which would conflict with the Company’s
business, or interfere with my obligations to the Company. “Compete” means directly: (i) have any financial interest
in, (ii) join, operate, control or participate in, or be connected as an officer, employee, agent, independent contractor, partner,
principal or shareholder with (except as holder of not more than five percent (5%) of the outstanding stock of any class of a corporation,
the stock of which is actively publicly traded) or (iii) provide services in any capacity to those participating in the ownership,
management, operation or control of, and/or (iv) act as a consultant or subcontractor to, a Competitive Business (defined below).
“Competitive Business” means any corporation, proprietorship, association or other entity or person engaged in the
sale, production and/or development of products or the rendering of services of a kind similar to or competitive with that sold,
produced, developed or rendered by Company as of the date my employment or consulting relationship terminates. Currently, the Company
believes that it and its Electrodynamic Combustion ControlTM technology have no competitors.

 

9.Continuation
of Obligations. Except to the extent this Agreement provides otherwise, the restrictions
of and my obligations under this Agreement will continue after my employment or consulting relationship terminates, regardless
of the reason for termination. Upon termination of my employment or consulting relationship, I agree to execute and deliver to
Company the Termination Certification in the form attached as Exhibit B to this Agreement.

 

10.Consent
to Injunction. I acknowledge that Company would suffer irreparable harm for which monetary
damages alone would not adequately compensate Company if I breached this Agreement. For that reason, I agree Company shall be entitled
to injunctive relief to enjoin any breach or threatened breach of this Agreement, in addition to any other available remedies.

 

11.Governing
Law and Jurisdiction. This Agreement shall be interpreted and enforced in accordance with
the laws of the State of Washington, without regard to conflict of law principles. The exclusive jurisdiction for any action to
interpret or enforce this Agreement shall be State of Washington.

 

12.Attorney
Fees. In the event of any suit, action or arbitration to interpret or enforce this Agreement,
the prevailing party shall be entitled to its attorney fees, costs, and out-of-pocket expenses, at trial and on appeal.

 

13.Waiver.
Company’s failure to demand strict performance of any provision of this Agreement shall not constitute a waiver of any provision,
term, covenant, or condition of this Agreement or the right to demand strict performance in the future.

 

14.Successors
and Assigns. This Agreement shall be binding upon my heirs, executors, administrators
or other legal representatives and may be assigned and enforced by Company, its successors and assigns. As used in this Agreement,
the term “Company” shall include Company, its subsidiaries, subdivisions, and affiliates.

 

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                                         And Proprietary Rights Agreement

    	 

    

 

15.Entire
Agreement. This Agreement and any confidentiality, nonsolicitation, and/or noncompetition
agreement I entered into with Company or any predecessor company acquired by or affiliated with Company, constitute the entire
agreement of Company and me with respect to the subject matter of this Agreement. Each of the rights, obligations and remedies
provided for in these agreements shall be cumulative.

 

16.Severability
and Enforcement. The parties agree that any provision of this Agreement or its application
that is held invalid shall be modified as necessary to render it valid and enforceable. If any provision of this Agreement or its
application is held invalid and cannot be modified to render it valid and enforceable, the invalidity shall not affect other obligations,
provisions, or applications of this Agreement which can be given effect without the invalid provisions or applications. 

 

17.Opportunity
for Review. I acknowledge that I have carefully read the foregoing Agreement, understand
its contents, and signed it voluntarily.

 

	Print Name  		 

 

Check one:

____ Employee

____ Consultant

 

	Signature  	 	 
	 	 	 
	Date:  	 	 

 

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                                         And Proprietary Rights Agreement

    	 

    

 

Exhibit A

 

List of Prior Inventions and Original Works
of Authorship Excluded from Section 3

 

 

	Title	Date	Identifying Number or Description

 

 

 

_______No inventions or improvements

 

_______Additional sheets attached

 

	Print Name  		 
	 	 	 
	Signature  	 	 
	 	 	 
	Date:  	 	 

 

    	 

    	 

    

 

Exhibit B

 

Termination
Certification

(to be completed at time of termination)

 

I hereby certify that
I have returned all devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings, blueprints,
sketches, laboratory notebooks, flow charts, materials, equipment, documents, and property, including copies and reproductions
of all of the aforementioned items belonging to Company, its subsidiaries, affiliates, successors and assigns, and deleted all
Confidential Information from all personal computers and servers that are not within Company’s control, excepting only (i)
my personal copies of records relating to my employment; (ii) my personal copies of any materials previously distributed generally
to stockholders of the Company; and (iii) my copy of this Agreement. I further certify that I have complied with all the terms
of the Company’s Confidentiality and Proprietary Rights Agreement signed by me, including the reporting of any inventions
and original works of authorship (as defined therein), conceived or made by me (solely or jointly with others) covered by that
agreement.

 

I hereby affirm my
continuing obligations under the Company’s Confidentiality and Proprietary Rights Agreement, notwithstanding the termination
of my employment or consulting relationship.

 

	Print Name  		 
	 	 	 
	Signature  	 	 
	 	 	 
	Date:

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