Certain Warrants of Ocean Power Technologies, Inc. are subject to a Lock-Up Agreement Ending on 12-JAN-2017. These Warrants will be under lockup for 90 days starting from 14-OCT-2016 to 12-JAN-2017. Details: The executive officers, directors and certain of the stockholders have agreed that they will not offer, sell, pledge or otherwise dispose the securities without the prior written consent of Roth Capital Partners, LLC and Maxim Group for a period of 90 days following the effective date of the prospectus.