CONFIDENTIALMechanical Technology Inc • December 15th, 2006 • Measuring & controlling devices, nec • New York
COMMON STOCK PURCHASE WARRANT To Purchase __________ Shares of Common Stock of Mechanical Technology IncorporatedCommon Stock Purchase Warrant • December 15th, 2006 • Mechanical Technology Inc • Measuring & controlling devices, nec
THIS COMMON STOCK PURCHASE WARRANT (the "Warrant") certifies that, for value received, _____________ (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 June __, 2007 (the "Initial Exercise Date") and on or prior to the close of business on December __, 2011 (the "Termination Date") but not thereafter, to subscribe for and purchase from Mechanical Technology Incorporated, a New York corporation (the "Company"), up to ______ shares (the "Warrant Shares") of Common Stock, par value $0.01 per share, of the Company (the "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).
SUBSCRIPTION AGREEMENTSubscription Agreement • December 15th, 2006 • Mechanical Technology Inc • Measuring & controlling devices, nec • New York
This Subscription Agreement (this "Agreement") is made as of the date set forth below between Mechanical Technology Incorporated, a New York corporation (the "Company"), and the Investor.
