Loan
EXHIBIT 10.17
Kanis SA
Dear Dr. Kanis,
The following documents the agreed to changes in terms for the loans from Kanis SA to Clean Diesel Technologies, Inc.
| Loan | Principal | Interest Rate | Current Maturity Date | Other Features | Revised Terms |
| 1 | $1,500,000 | 8% | June 30, 2015 | Payment Premium of $150,000 due at maturity | Maturity Date and Payment Premium Revised to 10/1/2016. |
| 2 | $3,000,000 | 8% | April 11, 2016 | Convertible into no more than 250,000 shares at $4.00 each. Callable by Lender at July 1, 2015. | Maturity Date Revised to 10/1/2016. Loan is no longer callable by Lender. |
| 3 | $3,000,000 | 8% | July 27, 2015 | None | Maturity Date Revised to 10/1/2016. |
In consideration of the above changes to the loans from Kanis SA to CDTi, Kanis SA will be granted 80,000 warrants with a strike price of $1.75 and a term of 5 years.
Agreed upon this date: November 11, 2014
Kanis SA
Clean Diesel Technology, Inc.
by: /s/John A. Kanis
by: /s/ David E. Shea
its: Director
its: Chief Financial Officer
1621 Fiske Place, Oxnard, California 93033 ● Tel ###-###-#### ● Fax ###-###-#### ● www.cdti.com
