Security Agreement

Recorded: 2002-06-11 Received: 2002-06-21 Pages: 10

Assignor

OCEAN POWER CORPORATION

Executed: 2002-05-30

Assignees

ALGONQUIN CAPITAL MANAGEMENT

440 MAIN STREET, RIDGEFIELD, CT, 06877, UNITED STATES

LOCKWOOD, MICHAEL D.

440 MAIN STREET, RIDGEFIELD, CT, 06877, UNITED STATES

DOYLE, JOHN V.

3 CLUB ROAD, RYE, NY, 10580, UNITED STATES

Covered Properties (4)

Stirling Engine Having Platelet Heat Exchanging Elements

Application: 10/090,673 →

Method for pretreating water for desalination

Application: 09/941,175 →

High efficiency steam ejector for desalination applications

Application: 09/932,841 →

Heat exchange element with hydrophilic evaporator surface

Application: 09/932,840 →