0001493152-23-007434 Sample Contracts

Restricted Stock Unit Agreement and Recipient’s Acceptance Agreement
Restricted Stock Unit Agreement • March 13th, 2023 • Ocean Power Technologies, Inc. • Electric services • Delaware

Ocean Power Technologies, Inc. (the “Company”) has selected you to receive an Award of restricted stock units in the number described above in this acceptance agreement (“Acceptance Agreement”), which is subject to the terms and conditions contained in the Restricted Stock Unit Agreement (attached) and the Ocean Power Technologies, Inc. 2015 Omnibus Incentive Plan.

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Restricted Stock Unit Agreement and Recipient’s Acceptance Agreement
Restricted Stock Unit Agreement • March 13th, 2023 • Ocean Power Technologies, Inc. • Electric services • Delaware

Ocean Power Technologies, Inc. (the “Company”) has selected you to receive an Award of restricted stock units in the number described above in this acceptance agreement (“Acceptance Agreement”), which is subject to the terms and conditions contained in the Restricted Stock Unit Agreement (attached) and the Ocean Power Technologies, Inc. 2015 Omnibus Incentive Plan.

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