Option Exercise and Stock Transfer Restriction Agreement (October 21st, 2016)
This OPTION EXERCISE AND STOCK TRANSFER RESTRICTION AGREEMENT (this "Agreement"), dated as of October 21, 2016 ("Effective Date"), is entered into by and between Mechanical Technology, Incorporated (the "Company") and [________________], an individual residing at [_______________] who currently serves as a [director][executive officer] of the Company (the "Insider"). The Company and the Insider are sometimes referred to herein, individually, as a "Party" and, collectively, as the "Parties".
Securities Purchase Agreement (October 21st, 2016)
SECURITIES PURCHASE AGREEMENT (this "Agreement"), dated as of October 21, 2016, by and between Mechanical Technology, Incorporated, a New York corporation located at 325 Washington Avenue Extension, Albany, New York 12205 (the "Company"), and Brookstone Partners Acquisition XXIV, LLC, a Delaware limited liability company located at 122 East 42nd Street, Suite 4305, New York, New York 10168 (the "Buyer").