SEC Contract Filing

Filing Date: 2019-01-10

Document Content:
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<TYPE>EX-10.1
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<FILENAME>tv510549_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Exhibit 10.1</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">CONSULTING AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">This Consulting Agreement
(&ldquo;Agreement&rdquo;), dated January 4, 2019 and effective on January 5, 2019 (the &ldquo;Effective Date&rdquo;), is by and
between Dr. Roberto Ruiz, whose address is 126 247<SUP>th</SUP> Avenue SE, Sammamish, Washington 98074 (the &ldquo;Consultant&rdquo;),
and ClearSign Combustion Corporation, whose address is 12870 Interurban Avenue South, Seattle, Washington 98168 (the &ldquo;Company&rdquo;),
in reference to the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">RECITALS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>A.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Consultant has been the Company&rsquo;s Chief Operating Officer since February 2016 and has substantial experience and knowledge
regarding the Company&rsquo;s business and operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>B.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Consultant retired from active employment with the Company at the close of business on January 4, 2019 and resigned from the offices
he held on that date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>C.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company intends to hire a Chief Executive Officer (the &ldquo;Successor CEO&rdquo;) to replace Stephen E. Pirnat, who retired on
December 31, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>D.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company wishes to retain the Consultant for the purpose of, and the Consultant has agreed to render services to the Company for
the purpose of, assisting the Successor CEO as he transitions into his new duties and responsibilities, as well as to provide the
Company with the Consultant&rsquo;s expertise whenever requested.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>NOW, THEREFORE,</B> for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Consultant agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>1.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Term</U>.</B>
Subject to Section 5 of this Agreement, the term of this Agreement will begin on the Effective Date and will end on December 31,
2020 (the &ldquo;Term&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>2.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Duties
of Consultant</U>.</B> As requested in writing, including by e-mail, by the interim Chief Executive Officer or the Successor CEO,
the Consultant will provide services relating to the business and operations of the Company including, but not limited to, assistance
with the transition of responsibilities to the Successor CEO, and any other services previously performed by the Consultant during
his tenure as the Company&rsquo;s Chief Operating Officer (collectively, the &ldquo;Services&rdquo;), including on-site business
development activities. During the Initial Consulting Period (as defined below) the Company will continue to provide the Consultant
with the office he occupied during his employment with the Company and the Consultant will continue to use the e-mail address roberto.ruiz@clearsign.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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