MECHANICAL TECHNOLOGY, INCORPORATED Warrant for the Purchase of Shares of Common StockWarrant Agreement • July 3rd, 2008 • Mechanical Technology Inc • Measuring & controlling devices, nec • New York
THIS CERTIFIES that, for value received, ____________ and its registered assigns (the “Holder”), is entitled to subscribe for and purchase from Mechanical Technology, Incorporated, a New York corporation (the “Company”), up to ___ fully paid and nonassessable shares (the “Warrant Shares”) of common stock, $0.01 par value, of the Company (the “Common Stock”) at an exercise price of $ per share (the “Exercise Price”) subject to adjustment as provided in Section 3 hereof, at any time or from time to time during the period (the “Exercise Period”) commencing on the date hereof and ending on the five (5) year anniversary of the date hereof (the “Expiration Date”). At 6:30 p.m. (New York City time) on the Expiration Date, the portion of this warrant (this “Warrant”) not exercised prior thereto shall be and become void and of no value.
WARRANT AGENT AGREEMENTWarrant Agent Agreement • July 3rd, 2008 • Mechanical Technology Inc • Measuring & controlling devices, nec • New York
WARRANT AGENT AGREEMENT (this “Agreement”), dated as of June 10, 2008, between Mechanical Technology, Incorporated, a New York corporation (the “Company”), and American Stock Transfer & Trust Company, as Warrant Agent (the “Warrant Agent”).
