13D Filing: JCP Investment Management, LLC and US Geothermal Inc (HTM)

Item 5.

Interest in Securities of the Issuer.

Items 5(a) –
(c) are hereby amended and restated to read as follows:

The aggregate percentage
of Shares reported owned by each person named herein is based upon 19,449,984 Shares outstanding as of December 31, 2017, which
is the total number of Shares outstanding as reported in the Merger Agreement, which is attached as Exhibit 2.1 to the Issuer’s
Current Report on Form 8-K filed with the Securities and Exchange Commission on January 25, 2018.

A.

JCP Partnership

(a)

As of the date hereof, JCP Partnership beneficially owned 938,360 Shares.

Percentage: Approximately
4.8%

(b)

1. Sole power to vote or direct vote: 938,360 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 938,360 4. Shared power to dispose or direct the disposition: 0

(c)

JCP Partnership has not entered into any transactions in the Shares during the past 60 days.

B.

JCP Drawdown III

(a)

As of the date hereof, JCP Drawdown III beneficially owned 1,916,588 Shares.

Percentage: Approximately
9.9%

(b)

1. Sole power to vote or direct vote: 1,916,588 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 1,916,588 4. Shared power to dispose or direct the disposition: 0

(c)

JCP Drawdown III has not entered into any transactions in the Shares during the past 60 days.

C.

JCP Partners

(a)

JCP Partners, as the general partner of each of JCP Partnership and JCP Drawdown III, may be deemed the beneficial owner of the (i) 938,360 Shares owned by JCP Partnership and (ii) 1,916,588 Shares owned by JCP Drawdown III.

Percentage: Approximately
14.7%

(b)

1. Sole power to vote or direct vote: 2,854,948 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 2,854,948 4. Shared power to dispose or direct the disposition: 0

(c)

JCP Partners has not entered into any transactions in the Shares during the past 60 days.