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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Washington,
DC 20549</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>CURRENT
REPORT Pursuant</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>to
Section 13 or 15(</B></FONT><B>d<FONT STYLE="text-transform: uppercase">) of the</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Securities
Exchange Act of 1934</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#9;Date of Report (Date of earliest event
reported<B>):</B><U> <B>August 9, 2012</B>&#9;</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid"><B>ThermoEnergy
Corporation </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid"><B>Delaware</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other jurisdiction of incorporation)</P>

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    <TD STYLE="width: 50%; font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">33-46104-FW</TD>
    <TD STYLE="width: 50%; font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">71-0659511</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="font-size: 10pt; text-align: center">(IRS Employer Identification No.)</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&#9;</B></P>

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    <TD STYLE="width: 50%; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">10 New Bond Street, Worcester, Massachusetts</TD>
    <TD STYLE="width: 20%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 30%; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">01606</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Address of principal executive offices)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">(Zip Code)</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid"><B>(508)
854-1628</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant&rsquo;s telephone number, including
area code)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (<I>see </I>General Instruction A.2. below):</P>

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    <TD STYLE="width: 3%; text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 97%; text-align: justify">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01 -- Entry into a Material Definitive Agreement.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">On
August 9, 2012, we entered into separate Securities Purchase Agreements (the &ldquo;Agreements&rdquo;) with each of the individuals
and entities identified in Item 3.02 below (the &ldquo;Investors&rdquo;) pursuant to which we issued to the Investors an aggregate
of 8,287,500 shares of our Common Stock (the &ldquo;Shares&rdquo;) and Common Stock Purchase Warrants for the purchase of an additional
8,287,500 shares of our Common Stock (the &ldquo;Warrants&rdquo;). The aggregate purchase price for the Shares and Warrants was
$</FONT>828,750<FONT STYLE="font-family: Times New Roman, Times, Serif">.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Warrants entitle the holders thereof to purchase, at any
time on or prior to July 11, 2017, shares of our Common Stock at an exercise price of $0.15 per share.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Agreements include a price protection provision pursuant to which, </FONT>in the event, and on each such occasion on or before
January 11, 2014, we issue and sell any shares of our Common Stock or securities convertible into or exchangeable for shares of
our Common Stock (&ldquo;Convertible Securities&rdquo;) (other than shares issued or issuable in certain transactions, including
upon exercise of employee stock options, upon conversion or exercise of currently-outstanding Convertible Securities, or in connection
with acquisitions or financing transactions) at a price less than $0.10 per share (a &ldquo;Dilutive Transaction&rdquo;), the purchase
price for the Shares shall automatically be reduced to a price equal to price at which such shares were issued and sold in the
Dilutive Issuance (the &ldquo;Reduced Price&rdquo;) and we will issue to the Investors, for no additional consideration, a sufficient
number of additional Shares so that the effective price per Share equals the Reduced Price. <FONT STYLE="font-family: Times New Roman, Times, Serif">The
Warrants include a similar price protection provision pursuant to which, </FONT>upon a Dilutive Transaction, the exercise price
of the Warrants shall automatically be reduced to a price equal to 150% of the Reduced Price. Upon such adjustment, the number
of Warrant Shares issuable upon exercise of a Warrant shall automatically be adjusted by multiplying the number of shares issuable
upon exercise of such Warrant immediately prior to the Dilutive Issuance by a fraction, (i) the numerator of which shall be the
exercise price immediately prior to the Dilutive Issuance and (ii) the denominator of which shall be the exercise price as adjusted.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: black">Pursuant to the Agreements, we agreed
to </FONT>prepare and file with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) a Registration Statement
on Form S-1 (the &ldquo;Registration Statement&rdquo;) covering the Shares and the shares of our Common Stock issuable upon exercise
of the Warrants (the &ldquo;Warrant Shares&rdquo;) and to prepare and file with the Commission any amendments to the Registration
Statement and supplements to the prospectus contained therein (the &ldquo;Prospectus&rdquo;) as may be necessary to keep the Registration
Statement continuously effective and in compliance with the provisions of the Securities Act of 1933, as amended (the &ldquo;Securities
Act&rdquo;) applicable thereto so as to permit the Prospectus to be current and useable by the Investors for re-sales to the public
of the Shares and the Warrant Shares until such date as all such Shares and Warrant Shares have been sold (or, if earlier, with
respect to each Investor, until such Investor may resell all of the Shares and Warrant Shares held by him or it to the public without
registration in reliance on Rule 144 under the Securities Act without limitation as to volume and without the requirement of any
notice filing).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Each Warrant provides for cashless exercise if, on the date
on which it is exercised, all of the Warrant Shares issuable thereunder are not eligible for resale to the public pursuant to a
Registration Statement filed with the Commission and declared effective pursuant to the Securities Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The transactions effected pursuant to the Agreements constitute
the second closing of an offering of Shares and Warrants to accredited investors, as described more fully in Item 3.02, below.
The first closing of such offering occurred on July 11, 2012 and was reported on our Current Report on Form 8-K filed on July 17,
2012 (the &ldquo;July Form 8-K&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: black">The forms of </FONT>the Agreements
and of the Warrants were <FONT STYLE="color: black">filed as Exhibits 10.1 and 10.2, respectively, to the July Form 8-K and are
filed as Exhibits to this Current Report on Form 8-K by reference to such Exhibits. The foregoing descriptions are qualified in
their entirety by reference to such Exhibits.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif"><B>Item 3.02 &mdash; Unregistered Sales of Equity Securities.</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">On
August 9, 2012, pursuant to the Agreements reported in Item 1.01 of this Current Report on Form 8-K, we issued and sold to the
Investors identified below, for an aggregate purchase price of $</FONT>828,750,<FONT STYLE="font-family: Times New Roman, Times, Serif">
the number of Shares and Warrants for the purchase of the number of Warrant Shares set forth opposite the names of such Investors:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5pt"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: baseline">
    <TD STYLE="width: 45%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; padding: 2 0; border-bottom-color: windowtext; border-bottom-width: 1pt; font-style: italic; font-weight: bold; text-align: center; text-indent: 0"><BR><BR>Investor</TD>
    <TD STYLE="width: 25%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding: 2 0; font-style: italic; font-weight: bold; text-align: center; text-indent: 0"><BR><BR>Number of Shares</TD>
    <TD STYLE="width: 30%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding: 2 0; font-style: italic; font-weight: bold; text-align: center; text-indent: 0"><BR><BR>Number of Warrant Shares</TD></TR>
<TR STYLE="vertical-align: baseline">
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; padding: 2 0; border-bottom-color: windowtext; border-bottom-width: 1pt; text-indent: 0">&nbsp;&nbsp;&nbsp;Ines Bahl, IRRL</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">500,000</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">500,000</TD></TR>
<TR STYLE="vertical-align: baseline">
    <TD STYLE="border: windowtext 1pt solid; padding: 2 0; text-indent: 0">&nbsp;&nbsp;&nbsp;Frank J. Garofalo</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; border-left-color: windowtext; border-left-width: 1pt; text-align: center; text-indent: 0">1,250,000</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; border-left-color: windowtext; border-left-width: 1pt; text-align: center; text-indent: 0">1,250,000</TD></TR>
<TR STYLE="vertical-align: baseline">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding: 2 0; border-top-color: windowtext; border-top-width: 1pt; text-indent: 0">&nbsp;&nbsp;&nbsp;David Hawks</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">150,000</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">150,000</TD></TR>
<TR STYLE="vertical-align: baseline">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding: 2 0; border-top-color: windowtext; border-top-width: 1pt; text-indent: 0">&nbsp;&nbsp;&nbsp;Gregory A. Harrison</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">312,500</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">312,500</TD></TR>
<TR STYLE="vertical-align: baseline">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding: 2 0; border-top-color: windowtext; border-top-width: 1pt; text-indent: 0">&nbsp;&nbsp;&nbsp;Francis Howard</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">1,250,000</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">1,250,000</TD></TR>
<TR STYLE="vertical-align: baseline">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding: 2 0; border-top-color: windowtext; border-top-width: 1pt; text-indent: 0">&nbsp;&nbsp;&nbsp;IVM Productions, Inc.</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">625,000</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">625,000</TD></TR>
<TR STYLE="vertical-align: baseline">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding: 2 0; border-top-color: windowtext; border-top-width: 1pt; text-indent: 0">&nbsp;&nbsp;&nbsp;Timothy Stewart Clarke</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">625,000</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">625,000</TD></TR>
<TR STYLE="vertical-align: baseline">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding: 2 0; border-top-color: windowtext; border-top-width: 1pt; text-indent: 0">&nbsp;&nbsp;&nbsp;John J. Shaw</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">625,000</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">625,000</TD></TR>
<TR STYLE="vertical-align: baseline">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding: 2 0; border-top-color: windowtext; border-top-width: 1pt; text-indent: 0">&nbsp;&nbsp;&nbsp;Terence Edgar</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">2,500,000</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">2,500,000</TD></TR>
<TR STYLE="vertical-align: baseline">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding: 2 0; border-top-color: windowtext; border-top-width: 1pt; text-indent: 0">&nbsp;&nbsp;&nbsp;John and Yvonne Weatherord, JTWROS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">250,000</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">250,000</TD></TR>
<TR STYLE="vertical-align: baseline">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding: 2 0; border-top-color: windowtext; border-top-width: 1pt; text-indent: 0">&nbsp;&nbsp;&nbsp;James Andrew Williams, IRA</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">200,000</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding: 2 0; text-align: center; text-indent: 0">200,000</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3pt">Each Investor has represented that he, she or it is
an &ldquo;accredited investor&rdquo; (as such term is defined in Rule 501 of Regulation D) and that he, she or it was acquiring
his, her or its Shares and Warrant and would acquire the Warrant Shares issuable upon exercise of such Warrant for investment for
his, her or its own account and not with a plan or present intention to distribute such shares.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3pt">The Shares and Warrants were issued to the Investors
in a series of transactions not involving a public offering and without registration under the Securities Act in reliance on the
exemption from registration provided by Section 4(2) of such Act. For its services in connection with these transactions, we paid
Dawson James Securities, Inc. (&ldquo;Dawson James&rdquo;), a registered broker-dealer, a fee of $82,875 and a non-accountable
expense allowance of $16,575. We have also agreed to issue to Dawson James two Common Stock Purchase Warrants, in form identical
to the Warrants issued to the Investors except that the cashless exercise provision will apply under all circumstances (the &ldquo;Broker&rsquo;s
Warrants&rdquo;). One of the Broker&rsquo;s Warrants entitles the holder to purchase up to 828,750 shares of our Common Stock
at an exercise price of $0.10 per share and the other Broker&rsquo;s Warrant entitles the holder to purchase up to
828,750 shares of our Common Stock at an exercise price of $0.15 per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif">We intend to use the net proceeds from the sale of the
Shares and Warrants (after payment of fees and expenses) for general working capital purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3pt">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 13%; font-weight: bold"><B>Item 9.01</B></TD>
    <TD STYLE="width: 87%; color: #000033; font-weight: bold">&nbsp;Financial Statements and Exhibits</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(c) Exhibits&nbsp;</P>

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

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    <TD STYLE="width: 14%; border: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Exhibit No.</TD>
    <TD STYLE="width: 86%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 1pt; padding-top: 6pt; padding-bottom: 6pt; text-align: center">10.1</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-top: 6pt; padding-bottom: 6pt">Form of Securities Purchase Agreement dated as of August 9, 2012 by and between ThermoEnergy Corporation and each of the individuals and entities identified in Item 1.01 as &ldquo;Investors&rdquo;&nbsp; -- Incorporated by reference to Exhibit 10.1 to Current Report on Form 8-K filed July 17, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 1pt; padding-top: 6pt; padding-bottom: 6pt; text-align: center">10.2</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-top: 6pt; padding-bottom: 6pt">Form of Common Stock Purchase Warrant issued pursuant to the Securities Purchase Agreements dated as of August 9, 2012 by and between ThermoEnergy Corporation and each of the individuals and entities identified in Item 1.01 as &ldquo;Investors&rdquo; -- Incorporated by reference to Exhibit 10.2 to Current Report on Form 8-K filed July 17, 2012</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

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    <TD STYLE="width: 55%">Date:&nbsp; August 15, 2012</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 40%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-decoration: underline">THERMOENERGY CORPORATION</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Cary G. Bullock</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cary G. Bullock</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chairman and Chief Executive Officer</TD></TR>
</TABLE>
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM 8-K
CURRENT
REPORT Pursuant
to
Section 13 or 15(
d
) of the
Securities
Exchange Act of 1934
Date of Report (Date of earliest event
reported
):
August 9, 2012
ThermoEnergy
Corporation
(Exact name of registrant as specified in
its charter)
Delaware
(State or other jurisdiction of incorporation)
33-46104-FW
71-0659511
(Commission File Number)
(IRS Employer Identification No.)
10 New Bond Street, Worcester, Massachusetts
01606
(Address of principal executive offices)
(Zip Code)
(508)
854-1628
(Registrant's telephone number, including
area code)
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (
see
General Instruction A.2. below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 -- Entry into a Material Definitive Agreement.
On
August 9, 2012, we entered into separate Securities Purchase Agreements (the "Agreements") with each of the individuals
and entities identified in Item 3.02 below (the "Investors") pursuant to which we issued to the Investors an aggregate
of 8,287,500 shares of our Common Stock (the "Shares") and Common Stock Purchase Warrants for the purchase of an additional
8,287,500 shares of our Common Stock (the "Warrants"). The aggregate purchase price for the Shares and Warrants was
$
828,750
.
The Warrants entitle the holders thereof to purchase, at any
time on or prior to July 11, 2017, shares of our Common Stock at an exercise price of $0.15 per share.
The
Agreements include a price protection provision pursuant to which,
in the event, and on each such occasion on or before
January 11, 2014, we issue and sell any shares of our Common Stock or securities convertible into or exchangeable for shares of
our Common Stock ("Convertible Securities") (other than shares issued or issuable in certain transactions, including
upon exercise of employee stock options, upon conversion or exercise of currently-outstanding Convertible Securities, or in connection
with acquisitions or financing transactions) at a price less than $0.10 per share (a "Dilutive Transaction"), the purchase
price for the Shares shall automatically be reduced to a price equal to price at which such shares were issued and sold in the
Dilutive Issuance (the "Reduced Price") and we will issue to the Investors, for no additional consideration, a sufficient
number of additional Shares so that the effective price per Share equals the Reduced Price.
The
Warrants include a similar price protection provision pursuant to which,
upon a Dilutive Transaction, the exercise price
of the Warrants shall automatically be reduced to a price equal to 150% of the Reduced Price. Upon such adjustment, the number
of Warrant Shares issuable upon exercise of a Warrant shall automatically be adjusted by multiplying the number of shares issuable
upon exercise of such Warrant immediately prior to the Dilutive Issuance by a fraction, (i) the numerator of which shall be the
exercise price immediately prior to the Dilutive Issuance and (ii) the denominator of which shall be the exercise price as adjusted.
Pursuant to the Agreements, we agreed
to
prepare and file with the Securities and Exchange Commission (the "Commission") a Registration Statement
on Form S-1 (the "Registration Statement") covering the Shares and the shares of our Common Stock issuable upon exercise
of the Warrants (the "Warrant Shares") and to prepare and file with the Commission any amendments to the Registration
Statement and supplements to the prospectus contained therein (the "Prospectus") as may be necessary to keep the Registration
Statement continuously effective and in compliance with the provisions of the Securities Act of 1933, as amended (the "Securities
Act") applicable thereto so as to permit the Prospectus to be current and useable by the Investors for re-sales to the public
of the Shares and the Warrant Shares until such date as all such Shares and Warrant Shares have been sold (or, if earlier, with
respect to each Investor, until such Investor may resell all of the Shares and Warrant Shares held by him or it to the public without
registration in reliance on Rule 144 under the Securities Act without limitation as to volume and without the requirement of any
notice filing).
Each Warrant provides for cashless exercise if, on the date
on which it is exercised, all of the Warrant Shares issuable thereunder are not eligible for resale to the public pursuant to a
Registration Statement filed with the Commission and declared effective pursuant to the Securities Act.
The transactions effected pursuant to the Agreements constitute
the second closing of an offering of Shares and Warrants to accredited investors, as described more fully in Item 3.02, below.
The first closing of such offering occurred on July 11, 2012 and was reported on our Current Report on Form 8-K filed on July 17,
2012 (the "July Form 8-K").
The forms of
the Agreements
and of the Warrants were
filed as Exhibits 10.1 and 10.2, respectively, to the July Form 8-K and are
filed as Exhibits to this Current Report on Form 8-K by reference to such Exhibits. The foregoing descriptions are qualified in
their entirety by reference to such Exhibits.
Item 3.02 — Unregistered Sales of Equity Securities.
On
August 9, 2012, pursuant to the Agreements reported in Item 1.01 of this Current Report on Form 8-K, we issued and sold to the
Investors identified below, for an aggregate purchase price of $
828,750,
the number of Shares and Warrants for the purchase of the number of Warrant Shares set forth opposite the names of such Investors:
Investor
Number of Shares
Number of Warrant Shares
Ines Bahl, IRRL
500,000
500,000
Frank J. Garofalo
1,250,000
1,250,000
David Hawks
150,000
150,000
Gregory A. Harrison
312,500
312,500
Francis Howard
1,250,000
1,250,000
IVM Productions, Inc.
625,000
625,000
Timothy Stewart Clarke
625,000
625,000
John J. Shaw
625,000
625,000
Terence Edgar
2,500,000
2,500,000
John and Yvonne Weatherord, JTWROS
250,000
250,000
James Andrew Williams, IRA
200,000
200,000
Each Investor has represented that he, she or it is
an "accredited investor" (as such term is defined in Rule 501 of Regulation D) and that he, she or it was acquiring
his, her or its Shares and Warrant and would acquire the Warrant Shares issuable upon exercise of such Warrant for investment for
his, her or its own account and not with a plan or present intention to distribute such shares.
The Shares and Warrants were issued to the Investors
in a series of transactions not involving a public offering and without registration under the Securities Act in reliance on the
exemption from registration provided by Section 4(2) of such Act. For its services in connection with these transactions, we paid
Dawson James Securities, Inc. ("Dawson James"), a registered broker-dealer, a fee of $82,875 and a non-accountable
expense allowance of $16,575. We have also agreed to issue to Dawson James two Common Stock Purchase Warrants, in form identical
to the Warrants issued to the Investors except that the cashless exercise provision will apply under all circumstances (the "Broker's
Warrants"). One of the Broker's Warrants entitles the holder to purchase up to 828,750 shares of our Common Stock
at an exercise price of $0.10 per share and the other Broker's Warrant entitles the holder to purchase up to
828,750 shares of our Common Stock at an exercise price of $0.15 per share.
We intend to use the net proceeds from the sale of the
Shares and Warrants (after payment of fees and expenses) for general working capital purposes.
Item 9.01
Financial Statements and Exhibits
(c) Exhibits
Exhibit No.
Description
10.1
Form of Securities Purchase Agreement dated as of August 9, 2012 by and between ThermoEnergy Corporation and each of the individuals and entities identified in Item 1.01 as "Investors"  -- Incorporated by reference to Exhibit 10.1 to Current Report on Form 8-K filed July 17, 2012
10.2
Form of Common Stock Purchase Warrant issued pursuant to the Securities Purchase Agreements dated as of August 9, 2012 by and between ThermoEnergy Corporation and each of the individuals and entities identified in Item 1.01 as "Investors" -- Incorporated by reference to Exhibit 10.2 to Current Report on Form 8-K filed July 17, 2012
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:  August 15, 2012
THERMOENERGY CORPORATION
(Registrant)
By:
/s/ Cary G. Bullock
Name:
Cary G. Bullock
Title:
Chairman and Chief Executive Officer