0001437749-13-008763 Sample Contracts

THIRD ADDENDUM TO LEASE AGREEMENT Between REED ROAD INDUSTRIAL PARK LLC #1, LANDLORD And OCEAN POWER TECHNOLOGIES, INC., TENANT
Lease Agreement • July 12th, 2013 • Ocean Power Technologies, Inc. • Electric services
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Option Agreement for Purchase of Emissions Credits • July 12th, 2013 • Ocean Power Technologies, Inc. • Electric services • Western Australia
Charles F. Dunleavy July 11, 2013
Temporary Executive Salary Reduction • July 12th, 2013 • Ocean Power Technologies, Inc. • Electric services

This letter confirms our discussion regarding our agreement to have my base salary compensation temporarily reduced in order to help reduce the monthly cash expenditures of Ocean Power Technologies, Inc. (the “Company”) as we collectively work toward achieving improved cash flow. This letter outlines our agreement with respect to the foregoing, and amends the Amended and Restated Employment Agreement dated April 8, 2009 between myself and the Company (the “Employment Agreement”) and supersedes the letter agreement of December 12, 2012.

George W. Taylor July 11, 2013
Temporary Executive Salary Reduction • July 12th, 2013 • Ocean Power Technologies, Inc. • Electric services

This letter confirms our discussion regarding our agreement to have my base salary compensation temporarily reduced in order to help reduce the monthly cash expenditures of Ocean Power Technologies, Inc. (the “Company”) as we collectively work toward achieving improved cash flow. This letter outlines our agreement with respect to the foregoing, and amends the Amended and Restated Employment Agreement dated April 8, 2009 between myself and the Company (the “Employment Agreement”) and supersedes the letter agreement of December 12, 2012.

SECOND ADDENDUM TO LEASE AGREEMENT Between REED ROAD INDUSTRIAL PARK LLC #1, LANDLORD And OCEAN POWER TECHNOLOGIES, INC., TENANT
Lease Agreement • July 12th, 2013 • Ocean Power Technologies, Inc. • Electric services
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