THIRD ADDENDUM TO LEASE AGREEMENT Between REED ROAD INDUSTRIAL PARK LLC #1, LANDLORD And OCEAN POWER TECHNOLOGIES, INC., TENANTLease Agreement • July 12th, 2013 • Ocean Power Technologies, Inc. • Electric services
ContractAmending Agreement • July 12th, 2013 • Ocean Power Technologies, Inc. • Electric services • Western Australia
Charles F. Dunleavy July 11, 2013Ocean Power Technologies, Inc. • July 12th, 2013 • 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, 2013Ocean Power Technologies, Inc. • July 12th, 2013 • 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., TENANTLease Agreement • July 12th, 2013 • Ocean Power Technologies, Inc. • Electric services
