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Exhibit 10(V)
Amendment to Executive Agreement
Amendment No. 1 dated 1 March, 2006 ("this Amendment")to Executive
Agreement of
13 September, 2004 ("the Agreement") between Clean Diesel
Technologies, Inc.
(the "Company"), a Delaware corporation of 300 Atlantic Street,
Suite 702,
Stamford CT 06901 and Bernhard Steiner (the "Executive") of Am
Rosenwald 14,
D-65779 Kelkhein-Ruppertshain, Germany. The Paragraph references
herein
correspond to those in the Agreement.
The parties agree that:
1. Employment Capacity. The title "President" is inserted before
the title
-------------------
"Chief Executive Officer," in the first sentence of Paragraph 1 of
the
Agreement.
2. Duties. The phrase "London, United Kingdom" is replaced by the
phrase "at his
------
home in Germany" in the first sentence of Paragraph 2 of the
Agreement.
3. Term. The date "September 13, 2006" is replaced by the date
"September 13,
----
2008" in the first sentence of Paragraph 3 of the Agreement.
4 a. Basic Salary. The phrase "Euros Two Hundred Thousand (200,000
Euro) per
------------
annum" is replaced by the phrase "Euros One Hundred Seventy
Thousand (170,000
Euro) per annum, effective January 1, 2006," in Paragraph 4 a.
4 b. Annual Bonus. The terms of Paragraph 4 b. of the Agreement are
revoked in
------------
their entirety and replaced by the following text:
"For
the year 2006 and thereafter, the Executive shall be entitled
to
participate in the Annual Bonus
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