FORM OF CLASS B COMMON STOCK PURCHASE WARRANT Mechanical Technology, IncorporatedMechanical Technology Inc • October 25th, 2021 • Services-computer processing & data preparation
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________ or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on ________ (the “Termination Date”) but not thereafter, to subscribe for and purchase from Mechanical Technology, Incorporated, a Nevada corporation (the “Company”), up to [___] shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
SECURED CONVERTIBLE NOTE DUE OCTOBER [__], 2022Mechanical Technology Inc • October 25th, 2021 • Services-computer processing & data preparation • Nevada
THIS CONVERTIBLE NOTE is one of a series of duly authorized and validly issued Notes of MECHANICAL TECHNOLOGY, INCORPORATED, a Nevada corporation, (the “Borrower”), having its principal place of business at 325 Washington Avenue Extension, Albany, NY 12205, email: mtoporek@mtiinstruments.com, due October [__], 2022 (this note, the “Note” and, collectively with the other notes of such series, the “Notes”).
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • October 25th, 2021 • Mechanical Technology Inc • Services-computer processing & data preparation • Nevada
REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of October 25, 2021, by and among Mechanical Technology, Incorporated, a Nevada corporation, with headquarters located at 325 Washington Avenue Extension, Albany, NY 12205 (the “Company”), and the investors listed on the Schedule of Purchasers attached hereto (each, a “Purchaser” and collectively, the “Purchasers”).
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • October 25th, 2021 • Mechanical Technology Inc • Services-computer processing & data preparation • Nevada
This Securities Purchase Agreement (this “Agreement”) is dated as of October 20, 2021, between Mechanical Technology, Incorporated, a Nevada corporation and includes any successor Company thereto (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and permitted assigns, a “Purchaser” and collectively, the “Purchasers”).
SECURITY AGREEMENTSecurity Agreement • October 25th, 2021 • Mechanical Technology Inc • Services-computer processing & data preparation • Nevada
This SECURITY AGREEMENT, dated as of October 25, 2021 (this “Agreement”), is among Mechanical Technology, Incorporated, a Nevada corporation (the “Company”), the following Subsidiaries of the Company: MTI Instruments, Inc., EcoChain, Inc., EcoChain Wind, LLC and EcoChain Block, LLC, and each other Subsidiary of the Company which shall become a party to this Agreement by execution and delivery of the form annexed hereto as Annex A and the Subsidiary Guaranty annexed thereto (each such Subsidiary, a “Guarantor” and together with the Company, the “Debtors”), Collateral Services LLC, as collateral agent (the “Collateral Agent”) for and the holders of the Company’s Secured Convertible Notes issued at or about October 25, 2021, in the original aggregate principal amount of up to $16,304,348 and such other of the Company’s secured Convertible Notes which may be issued in the future (collectively, the “Notes”) (collectively, the “Secured Parties”).
PLACEMENT AGENCY AGREEMENTPlacement Agency Agreement • October 25th, 2021 • Mechanical Technology Inc • Services-computer processing & data preparation • New York
FORM OF CLASS C COMMON STOCK PURCHASE WARRANT Mechanical Technology, IncorporatedMechanical Technology Inc • October 25th, 2021 • Services-computer processing & data preparation
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________ or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on ________ (the “Termination Date”) but not thereafter, to subscribe for and purchase from Mechanical Technology, Incorporated, a Nevada corporation (the “Company”), up to [___] shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
