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    <TD COLSPAN="2" STYLE="text-align: center"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><B>Washington, D.C. 20549</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
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    <TD COLSPAN="2" STYLE="text-align: center"><B>FORM S-8</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><B>Ocean Thermal Energy Corporation</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Exact name of registrant as specified in its charter)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><B>Nevada</B></TD>
    <TD STYLE="text-align: center"><B>20-5081381</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(State or jurisdiction of incorporation or organization)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(I.R.S. Employer Identification No.)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><B>800 South Queen Street, Lancaster, PA 17603</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Address of Principal Executive Offices, including Zip Code)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><B>Ocean Thermal Energy Corporation Compensation Agreement </B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Full title of the plan)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><B>Jeremy P. Feakins</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Name and address of agent for service)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><B>(717) 715-0238</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Telephone number, including area code, of agent for service)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><I>Copies of all communications to:</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><B>John P. Cleary, Esq.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><B>Procopio, Cory, Hargreaves &amp; Savitch LLP</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><B>12544 High Bluff Drive, Suite 300</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><B>San Diego, CA 92130</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><B>Telephone: (619) 515-3221</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><B>Facsimile: (619) 744-5459</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions
of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting company,&rdquo; and &ldquo;emerging
growth company&rdquo; in Rule 12b-2 of the Exchange Act.</P>

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    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 40%">Large accelerated filer [&nbsp;&nbsp;]</TD>
    <TD STYLE="width: 18%">&nbsp;</TD>
    <TD STYLE="width: 32%">Accelerated filer [&nbsp;&nbsp;]</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Non-accelerated filer [&nbsp;&nbsp;]</TD>
    <TD>&nbsp;</TD>
    <TD>Smaller reporting company [X]</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Emerging growth company [&nbsp;&nbsp;]</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CALCULATION OF REGISTRATION FEE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

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    <TD STYLE="width: 48%; text-align: center; border-top: Black medium double">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: center; border-top: Black medium double">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: center; border-top: Black medium double">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: center; border-top: Black medium double">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: center; border-top: Black medium double"><FONT STYLE="font-size: 10pt"><B>Proposed</B></FONT></TD>
    <TD STYLE="width: 2%; text-align: center; border-top: Black medium double">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: center; border-top: Black medium double"><FONT STYLE="font-size: 10pt"><B>Proposed</B></FONT></TD>
    <TD STYLE="width: 2%; text-align: center; border-top: Black medium double">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: center; border-top: Black medium double">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>Maximum</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>Maximum</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>Amount</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>Offering</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>Aggregate</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>Amount of</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>To Be</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>Price Per</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>Offering</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>Registration</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Title of Securities To Be Registered</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Registered<SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Share</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Price</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Fee</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Common Stock, $0.001 par value (&ldquo;Common Stock&rdquo;),</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.1in">issuable under Ocean Thermal Energy Corporation</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.1in">Compensation Agreement</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">65,000</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">$3.05<SUP>(2)</SUP></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">$198,250</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">$22.98</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 4pt">____________________</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.3in">(1)</TD><TD STYLE="text-align: justify">The Ocean Thermal Energy Compensation Agreement authorizes the issuance of that number of shares
sufficient to satisfy the Registrant&rsquo;s obligation to pay attorney fees aggregating $195,474.35 at May 31, 2017, together
with subsequently accrued amounts. Pursuant to Rule 416, this registration statement also covers any additional shares of Registrant&rsquo;s
Common Stock that become issuable respecting the securities identified in the above table by reason of any stock dividend, stock
split, recapitalization, or other similar transaction effected without Registrant&rsquo;s receipt of consideration that results
in an increase in the number of the outstanding shares of Registrant&rsquo;s Common Stock.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.3in">(2)</TD><TD STYLE="text-align: justify">Pursuant to Rule 457(h) of the Securities Act of 1933, the proposed maximum offering price per
share for the purpose of calculating the registration fee related to the Compensation Agreement is $3.05, the average of the bid
and ask prices reported in the over-the-counter market for July 28, 2017.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>INTRODUCTION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: justify; text-indent: 0.5in">This Registration Statement
on Form S-8 is filed by Ocean Thermal Energy Corporation (the &ldquo;Company&rdquo;) relating to 65,000 shares of the Company's
common stock, par value $0.001 per share (the &ldquo;Common Stock&rdquo;), issuable under that certain Ocean Thermal Energy Corporation
Compensation Agreement (the &ldquo;Agreement&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>PART II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 3. Incorporation of Documents by Reference</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following documents, as filed with the
U.S. Securities and Exchange Commission (the &ldquo;Commission&rdquo;) by Ocean Thermal Energy Corporation, a Nevada corporation
(File No. 033-19411-C) (the &ldquo;Company&rdquo;), pursuant to the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange
Act&rdquo;), or the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), are hereby incorporated by reference:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Annual Report on Form 10-K for the year ended December 31, 2016, filed with the Commission on April
4, 2017</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Quarterly Report on Form 10-Q for the quarter ended March 31, 2017, filed with the Commission on
May 8, 2017, together with Quarterly Report on Form 10-Q/A for the quarter ended March 31, 2017, filed with the Commission on May
8, 2017</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Current Report on Form 8-K filed with the Commission on May 12, 2017</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Amendment to Current Report on Form 8-K/A filed with the Commission on July 19, 2017</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All other documents filed by the Company with
the Commission pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act after the date of this registration statement
and before the filing of a post-effective amendment to this registration statement that indicates that all securities offered hereby
have been sold, or that deregisters all such securities remaining unsold, shall be deemed to be incorporated by reference in this
registration statement and to be a part hereof from the date of filing of such documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 4. Description of Securities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&rsquo;s amended articles of incorporation
authorize it to issue 205,000,000 shares of capital stock, consisting of: (i)&nbsp;200,000,000 shares of common stock, par value
$0.001 per share, of which 112,654,276 shares are issued and outstanding; and (i)&nbsp;5,000,000 shares of preferred stock, par
value $0.001 per share, none of which is issued and outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"><B><I>Common Stock</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The holders of common stock are entitled to
one vote per share on each matter submitted to a vote at any meeting of shareholders. Shares of common stock do not carry cumulative
voting rights and, therefore, a majority of the shares of outstanding common stock will be able to elect the entire board of directors
and, if they do so, minority shareholders would not be able to elect any persons to the board of directors. The Company&rsquo;s
bylaws provide that a majority of its issued and outstanding shares constitutes a quorum for shareholders&rsquo; meetings, except
respecting certain matters for which a greater percentage quorum is required by statute or the bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&rsquo;s shareholders have no preemptive
rights to acquire additional shares of common stock or other securities. The common stock is not subject to redemption and carries
no subscription and conversion rights. In the event of the Company&rsquo;s liquidation, the shares of common stock are entitled
to share equally in corporate assets after satisfaction of all liabilities. Holders of common stock are entitled to receive such
dividends as the board of directors may, from time to time, declare out of funds legally available for the payment of dividends.
The Company seeks growth and expansion of its business through the reinvestment of profits, if any, and does not anticipate that
it will pay dividends in the foreseeable future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"><B><I>Preferred Stock</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&rsquo;s amended articles of incorporation
authorize the issuance of 5,000,000 shares of preferred stock. The board of directors is empowered, without stockholder approval,
to designate and issue one or more series of preferred stock with dividend, liquidation, conversion, voting, and other rights and
restrictions, including the right to issue convertible securities with no limitations on conversion, which could adversely affect
the voting power and other rights of the holders of the Company&rsquo;s common stock, substantially dilute a common stockholder&rsquo;s
interest, and depress the price of the Company&rsquo;s common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"><B><I>Authority to Issue Stock</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The board of directors has the authority to
issue the authorized but unissued shares of common stock without action by the stockholders. The issuance of such shares would
reduce the percentage ownership held by current shareholders.</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 5. Interests of Named Experts and Counsel</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">None.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 6. Indemnification of Directors and Officers</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subsection&nbsp;1 of Section&nbsp;78.7502 of
the Nevada Revised Statutes empowers a corporation to indemnify any person who was or is a party or is threatened to be made a
party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative
(other than an action by or in the right of the corporation), by reason of the fact that he is or was a director, officer, employee,
or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee, or agent
of another corporation or other enterprise, against expenses (including attorneys&rsquo; fees), judgments, fines, and amounts paid
in settlement actually and reasonably incurred by him in connection with such action, suit, or proceeding if he is not liable pursuant
to Section&nbsp;78.138 of the Nevada Revised Statutes or if he acted in good faith and in a manner he reasonably believed to be
in or not opposed to the best interests of the corporation and, respecting any criminal action or proceeding, had no reasonable
cause to believe his conduct was unlawful. Section&nbsp;78.138 of the Nevada Revised Statutes provides that, with certain exceptions,
a director or officer is not individually liable to the corporation or its stockholders for any damages as a result of any act
or failure to act in his capacity as a director or officer unless it is proven that: (i)&nbsp;his act or failure to act constituted
a breach of his fiduciary duties as a director or officer; and (ii)&nbsp;his breach of those duties involved intentional misconduct,
fraud, or a knowing violation of law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subsection&nbsp;2 of Section&nbsp;78.7502 empowers
a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or
completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that such
person acted in any of the capacities set forth above against expenses, including amounts paid in settlement and attorneys&rsquo;
fees actually and reasonably incurred by him in connection with the defense or settlement of such action or suit, if he acted under
similar standards, except that no indemnification may be made in respect of any claim, issue, or matter as to which such person
shall have been adjudged by a court of competent jurisdiction to be liable to the corporation or for amounts paid in settlement
to the corporation, unless and only to the extent that the court in which such action or suit was brought determines that, despite
the adjudication of liability, such person is fairly and reasonably entitled to indemnity for such expenses as the court deems
proper.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Section&nbsp;78.7502 further provides that
to the extent a director or officer of a corporation has been successful in the defense of any action, suit, or proceeding referred
to in subsections&nbsp;(1) and (2) of Section&nbsp;78.7502, or in the defense of any claim, issue, or matter therein, he shall
be indemnified against expenses (including attorneys&rsquo; fees) actually and reasonably incurred by him in connection therewith.
Section&nbsp;78.751 of the Nevada Revised Statutes provides that the indemnification provided for by Section&nbsp;78.7502 shall
not be deemed exclusive or exclude any other rights to which the indemnified party may be entitled and that the scope of indemnification
shall continue as to directors, officers, employees, or agents that have ceased to hold such positions and to their heirs, executors,
and administrators. Section&nbsp;78.752 of the Nevada Revised Statutes empowers the corporation to purchase and maintain insurance
or make other financial arrangements on behalf of a director, officer, employee, or agent of the corporation against any liability
asserted against him or incurred by him in any such capacity or arising out of his status as such whether or not the corporation
would have the power to indemnify him against such liabilities under Section&nbsp;78.7502.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Article VIII of the Company&rsquo;s bylaws
provides that the Company may indemnify directors, officers, employees, and agents of the Company to the extent authorized by the
board of directors and in the manner set forth in the Company&rsquo;s bylaws. The bylaws provide, pursuant to Subsection&nbsp;2
of Section&nbsp;78.751, that the expenses of directors, officers, employees, and agents incurred in defending any action, suit,
or proceeding, whether civil or criminal, may be paid by the corporation as they are incurred and in advance of the final disposition
of the action, suit, or proceeding, upon approval by the majority vote of a quorum of the board of directors and upon delivery
of an undertaking by or on behalf of the director or officer to repay all amounts so advanced if it is ultimately determined by
a court of competent jurisdiction that the officer or director is not entitled to be indemnified by the corporation. Article VIII
of the bylaws also provides the Company&rsquo;s directors, officers, employees, and agents may be indemnified against certain liabilities
pursuant to a liability insurance policy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Insofar as indemnification for liabilities
arising under the Securities Act of 1933, as amended, may be permitted to directors, officers, and controlling persons pursuant
to the foregoing provisions, the Company has been informed that in the opinion of the U.S. Securities and Exchange Commission,
such indemnification is contrary to public policy as expressed in the Securities Act and, therefore, is unenforceable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 7. Exemption from Registration Claimed</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">None.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 8. Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Exhibit</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Number</B></P></TD>
    <TD STYLE="width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 80%; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in; text-align: center; text-indent: -0.1in"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in; text-align: center; text-indent: -0.1in"><B>Title of Document</B></P></TD>
    <TD STYLE="width: 4%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">4.1*</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in; text-indent: -0.1in"><A HREF="ocean_s8-ex0401.htm">Specimen Stock Certificate</A> </P></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">5.1</FONT>*</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><A HREF="ocean_s8-ex0501.htm">Opinion of Procopio, Cory, Hargreaves &amp; Savitch LLP</A></P></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">10.1</FONT>*</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="color: Black"><A HREF="ocean_s8-ex1001.htm">Compensation Agreement dated August 3, 2017</A></FONT></P></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">23.1</FONT>*</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><A HREF="ocean_s8-ex2301.htm">Consent of Liggett &amp; Webb P.A., independent registered public accounting firm</A></P></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">23.2</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><A HREF="ocean_s8-ex0501.htm">Consent of Procopio, Cory, Hargreaves &amp; Savitch LLP (incorporated by reference to Exhibit 5.1 to this Registration Statement on Form S-8)</A></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">24.1</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><A HREF="#a1">Power of Attorney (incorporated by reference to the Signature Page of this Registration Statement on Form S-8)</A></FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">_______________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">*Filed herewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 9. Undertakings</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Undertaking Required by Item 512(a) of Regulation
S-K</U>: The undersigned registrant hereby undertakes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
include any prospectus required by section 10(a)(3) of the Securities Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high
end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b)
if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price
set forth in the &ldquo;Calculation of Registration Fee&rdquo; table in the effective registration statement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
include any material information with respect to the plan of distribution not previously disclosed in the registration statement
or any material change to such information in the registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That,
for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Undertaking Required by Item 512(b) of Regulation
S-K</U>: The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act,
each filing of the registrant&rsquo;s annual report pursuant to section 13(a) or section 15(d) of the Securities Exchange Act (and,
where applicable, each filing of an employee benefit plan&rsquo;s annual report pursuant to section 15(d) of the Securities Exchange
Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide
offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Undertaking Required by Item 512(h) of Regulation
S-K</U>: Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that
in the opinion of the SEC such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred
or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant
will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed
by the final adjudication of such issue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to the requirements of the Securities
Act of 1933, Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on
Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in the city of Lancaster, state of Pennsylvania, on the 25<SUP>th</SUP> day of August, 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"></FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>OCEAN THERMAL ENERGY CORPORATION</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"></TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Jeremy P. Feakins</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Jeremy P. Feakins</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Chief Executive Officer and </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Chief Financial Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a1"></A>POWER OF ATTORNEY </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt">Each person whose signature
appears below constitutes and appoints Jeremy P. Feakins, his or her true and lawful attorney-in-fact and agent with full power
of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign
any and all amendments (including post-effective amendments) to this Registration Statement on Form S-8 to be filed by Ocean Thermal
Energy Corporation, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities
and Exchange Commission, granting unto said attorneys-in-fact and agents full power and authority to be done in and about the premises,
as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact
and agents, or their substitutes, may lawfully do or cause to be done by virtue hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">***</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to the requirements of the Securities
Act of 1933, as amended, this registration statement has been signed below by the following persons in the capacities indicated
on the 25<SUP>th</SUP> day of August, 2017:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Jeremy P. Feakins</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Jeremy P. Feakins</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Director, Chief Executive Officer, and Chief Financial Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Peter Wolfson</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Peter Wolfson</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Antoinette R. Hempstead</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Antoinette R. Hempstead</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD></TR>
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Ocean Thermal Energy Corporation
(Exact name of registrant as specified in its charter)
Nevada
20-5081381
(State or jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
800 South Queen Street, Lancaster, PA 17603
(Address of Principal Executive Offices, including Zip Code)
Ocean Thermal Energy Corporation Compensation Agreement
(Full title of the plan)
Jeremy P. Feakins
(Name and address of agent for service)
(717) 715-0238
(Telephone number, including area code, of agent for service)
Copies of all communications to:
John P. Cleary, Esq.
Procopio, Cory, Hargreaves & Savitch LLP
12544 High Bluff Drive, Suite 300
San Diego, CA 92130
Telephone: (619) 515-3221
Facsimile: (619) 744-5459
Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions
of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging
growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer [  ]
Accelerated filer [  ]
Non-accelerated filer [  ]
Smaller reporting company [X]
Emerging growth company [  ]
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
Maximum
Maximum
Amount
Offering
Aggregate
Amount of
To Be
Price Per
Offering
Registration
Title of Securities To Be Registered
Registered
(1)
Share
Price
Fee
Common Stock, $0.001 par value ("Common Stock"),
issuable under Ocean Thermal Energy Corporation
Compensation Agreement
65,000
$3.05
(2)
$198,250
$22.98
____________________
(1)
The Ocean Thermal Energy Compensation Agreement authorizes the issuance of that number of shares
sufficient to satisfy the Registrant's obligation to pay attorney fees aggregating $195,474.35 at May 31, 2017, together
with subsequently accrued amounts. Pursuant to Rule 416, this registration statement also covers any additional shares of Registrant's
Common Stock that become issuable respecting the securities identified in the above table by reason of any stock dividend, stock
split, recapitalization, or other similar transaction effected without Registrant's receipt of consideration that results
in an increase in the number of the outstanding shares of Registrant's Common Stock.
(2)
Pursuant to Rule 457(h) of the Securities Act of 1933, the proposed maximum offering price per
share for the purpose of calculating the registration fee related to the Compensation Agreement is $3.05, the average of the bid
and ask prices reported in the over-the-counter market for July 28, 2017.
INTRODUCTION
This Registration Statement
on Form S-8 is filed by Ocean Thermal Energy Corporation (the "Company") relating to 65,000 shares of the Company's
common stock, par value $0.001 per share (the "Common Stock"), issuable under that certain Ocean Thermal Energy Corporation
Compensation Agreement (the "Agreement").
PART II
INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents, as filed with the
U.S. Securities and Exchange Commission (the "Commission") by Ocean Thermal Energy Corporation, a Nevada corporation
(File No. 033-19411-C) (the "Company"), pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or the Securities Act of 1933, as amended (the "Securities Act"), are hereby incorporated by reference:
·
Annual Report on Form 10-K for the year ended December 31, 2016, filed with the Commission on April
4, 2017
·
Quarterly Report on Form 10-Q for the quarter ended March 31, 2017, filed with the Commission on
May 8, 2017, together with Quarterly Report on Form 10-Q/A for the quarter ended March 31, 2017, filed with the Commission on May
8, 2017
·
Current Report on Form 8-K filed with the Commission on May 12, 2017
·
Amendment to Current Report on Form 8-K/A filed with the Commission on July 19, 2017
All other documents filed by the Company with
the Commission pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act after the date of this registration statement
and before the filing of a post-effective amendment to this registration statement that indicates that all securities offered hereby
have been sold, or that deregisters all such securities remaining unsold, shall be deemed to be incorporated by reference in this
registration statement and to be a part hereof from the date of filing of such documents.
Item 4. Description of Securities
The Company's amended articles of incorporation
authorize it to issue 205,000,000 shares of capital stock, consisting of: (i) 200,000,000 shares of common stock, par value
$0.001 per share, of which 112,654,276 shares are issued and outstanding; and (i) 5,000,000 shares of preferred stock, par
value $0.001 per share, none of which is issued and outstanding.
Common Stock
The holders of common stock are entitled to
one vote per share on each matter submitted to a vote at any meeting of shareholders. Shares of common stock do not carry cumulative
voting rights and, therefore, a majority of the shares of outstanding common stock will be able to elect the entire board of directors
and, if they do so, minority shareholders would not be able to elect any persons to the board of directors. The Company's
bylaws provide that a majority of its issued and outstanding shares constitutes a quorum for shareholders' meetings, except
respecting certain matters for which a greater percentage quorum is required by statute or the bylaws.
The Company's shareholders have no preemptive
rights to acquire additional shares of common stock or other securities. The common stock is not subject to redemption and carries
no subscription and conversion rights. In the event of the Company's liquidation, the shares of common stock are entitled
to share equally in corporate assets after satisfaction of all liabilities. Holders of common stock are entitled to receive such
dividends as the board of directors may, from time to time, declare out of funds legally available for the payment of dividends.
The Company seeks growth and expansion of its business through the reinvestment of profits, if any, and does not anticipate that
it will pay dividends in the foreseeable future.
Preferred Stock
The Company's amended articles of incorporation
authorize the issuance of 5,000,000 shares of preferred stock. The board of directors is empowered, without stockholder approval,
to designate and issue one or more series of preferred stock with dividend, liquidation, conversion, voting, and other rights and
restrictions, including the right to issue convertible securities with no limitations on conversion, which could adversely affect
the voting power and other rights of the holders of the Company's common stock, substantially dilute a common stockholder's
interest, and depress the price of the Company's common stock.
Authority to Issue Stock
The board of directors has the authority to
issue the authorized but unissued shares of common stock without action by the stockholders. The issuance of such shares would
reduce the percentage ownership held by current shareholders.
2
Item 5. Interests of Named Experts and Counsel
None.
Item 6. Indemnification of Directors and Officers
Subsection 1 of Section 78.7502 of
the Nevada Revised Statutes empowers a corporation to indemnify any person who was or is a party or is threatened to be made a
party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative
(other than an action by or in the right of the corporation), by reason of the fact that he is or was a director, officer, employee,
or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee, or agent
of another corporation or other enterprise, against expenses (including attorneys' fees), judgments, fines, and amounts paid
in settlement actually and reasonably incurred by him in connection with such action, suit, or proceeding if he is not liable pursuant
to Section 78.138 of the Nevada Revised Statutes or if he acted in good faith and in a manner he reasonably believed to be
in or not opposed to the best interests of the corporation and, respecting any criminal action or proceeding, had no reasonable
cause to believe his conduct was unlawful. Section 78.138 of the Nevada Revised Statutes provides that, with certain exceptions,
a director or officer is not individually liable to the corporation or its stockholders for any damages as a result of any act
or failure to act in his capacity as a director or officer unless it is proven that: (i) his act or failure to act constituted
a breach of his fiduciary duties as a director or officer; and (ii) his breach of those duties involved intentional misconduct,
fraud, or a knowing violation of law.
Subsection 2 of Section 78.7502 empowers
a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or
completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that such
person acted in any of the capacities set forth above against expenses, including amounts paid in settlement and attorneys'
fees actually and reasonably incurred by him in connection with the defense or settlement of such action or suit, if he acted under
similar standards, except that no indemnification may be made in respect of any claim, issue, or matter as to which such person
shall have been adjudged by a court of competent jurisdiction to be liable to the corporation or for amounts paid in settlement
to the corporation, unless and only to the extent that the court in which such action or suit was brought determines that, despite
the adjudication of liability, such person is fairly and reasonably entitled to indemnity for such expenses as the court deems
proper.
Section 78.7502 further provides that
to the extent a director or officer of a corporation has been successful in the defense of any action, suit, or proceeding referred
to in subsections (1) and (2) of Section 78.7502, or in the defense of any claim, issue, or matter therein, he shall
be indemnified against expenses (including attorneys' fees) actually and reasonably incurred by him in connection therewith.
Section 78.751 of the Nevada Revised Statutes provides that the indemnification provided for by Section 78.7502 shall
not be deemed exclusive or exclude any other rights to which the indemnified party may be entitled and that the scope of indemnification
shall continue as to directors, officers, employees, or agents that have ceased to hold such positions and to their heirs, executors,
and administrators. Section 78.752 of the Nevada Revised Statutes empowers the corporation to purchase and maintain insurance
or make other financial arrangements on behalf of a director, officer, employee, or agent of the corporation against any liability
asserted against him or incurred by him in any such capacity or arising out of his status as such whether or not the corporation
would have the power to indemnify him against such liabilities under Section 78.7502.
Article VIII of the Company's bylaws
provides that the Company may indemnify directors, officers, employees, and agents of the Company to the extent authorized by the
board of directors and in the manner set forth in the Company's bylaws. The bylaws provide, pursuant to Subsection 2
of Section 78.751, that the expenses of directors, officers, employees, and agents incurred in defending any action, suit,
or proceeding, whether civil or criminal, may be paid by the corporation as they are incurred and in advance of the final disposition
of the action, suit, or proceeding, upon approval by the majority vote of a quorum of the board of directors and upon delivery
of an undertaking by or on behalf of the director or officer to repay all amounts so advanced if it is ultimately determined by
a court of competent jurisdiction that the officer or director is not entitled to be indemnified by the corporation. Article VIII
of the bylaws also provides the Company's directors, officers, employees, and agents may be indemnified against certain liabilities
pursuant to a liability insurance policy.
Insofar as indemnification for liabilities
arising under the Securities Act of 1933, as amended, may be permitted to directors, officers, and controlling persons pursuant
to the foregoing provisions, the Company has been informed that in the opinion of the U.S. Securities and Exchange Commission,
such indemnification is contrary to public policy as expressed in the Securities Act and, therefore, is unenforceable.
3
Item 7. Exemption from Registration Claimed
None.
Item 8. Exhibits
Exhibit
Number
Title of Document
4.1*
Specimen Stock Certificate
5.1
*
Opinion of Procopio, Cory, Hargreaves & Savitch LLP
10.1
*
Compensation Agreement dated August 3, 2017
23.1
*
Consent of Liggett & Webb P.A., independent registered public accounting firm
23.2
Consent of Procopio, Cory, Hargreaves & Savitch LLP (incorporated by reference to Exhibit 5.1 to this Registration Statement on Form S-8)
24.1
Power of Attorney (incorporated by reference to the Signature Page of this Registration Statement on Form S-8)
_______________
*Filed herewith.
Item 9. Undertakings
Undertaking Required by Item 512(a) of Regulation
S-K
: The undersigned registrant hereby undertakes:
(1)       To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i)       To
include any prospectus required by section 10(a)(3) of the Securities Act;
(ii)       To
reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high
end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b)
if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price
set forth in the "Calculation of Registration Fee" table in the effective registration statement; and
(iii)       To
include any material information with respect to the plan of distribution not previously disclosed in the registration statement
or any material change to such information in the registration statement.
(2)       That,
for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering thereof.
(3)       To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering.
Undertaking Required by Item 512(b) of Regulation
S-K
: The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act,
each filing of the registrant's annual report pursuant to section 13(a) or section 15(d) of the Securities Exchange Act (and,
where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Securities Exchange
Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide
offering thereof.
Undertaking Required by Item 512(h) of Regulation
S-K
: Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that
in the opinion of the SEC such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred
or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant
will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed
by the final adjudication of such issue.
4
SIGNATURES
Pursuant to the requirements of the Securities
Act of 1933, Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on
Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in the city of Lancaster, state of Pennsylvania, on the 25
th
day of August, 2017.
OCEAN THERMAL ENERGY CORPORATION
By:
/s/ Jeremy P. Feakins
Jeremy P. Feakins
Chief Executive Officer and
Chief Financial Officer
POWER OF ATTORNEY
Each person whose signature
appears below constitutes and appoints Jeremy P. Feakins, his or her true and lawful attorney-in-fact and agent with full power
of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign
any and all amendments (including post-effective amendments) to this Registration Statement on Form S-8 to be filed by Ocean Thermal
Energy Corporation, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities
and Exchange Commission, granting unto said attorneys-in-fact and agents full power and authority to be done in and about the premises,
as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact
and agents, or their substitutes, may lawfully do or cause to be done by virtue hereof.
***
Pursuant to the requirements of the Securities
Act of 1933, as amended, this registration statement has been signed below by the following persons in the capacities indicated
on the 25
th
day of August, 2017:
/s/ Jeremy P. Feakins
Jeremy P. Feakins
Director, Chief Executive Officer, and Chief Financial Officer
/s/ Peter Wolfson
Peter Wolfson
Director
/s/ Antoinette R. Hempstead
Antoinette R. Hempstead
Director
5