WARRANT TO PURCHASE SHARES OF COMMON STOCK OF ENVIRONMENTAL POWER CORPORATIONEnvironmental Power Corp • August 16th, 2004 • Cogeneration services & small power producers • Delaware
THIS CERTIFIES that, for value received, [ ] is entitled to purchase from ENVIRONMENTAL POWER CORPORATION, a Delaware corporation (the “Corporation”), subject to the terms and conditions hereof, [ ] shares (the “Warrant Shares”) of the common stock, $.01 par value per share (the “Common Stock”) of the Corporation. This warrant, together with all warrants hereafter issued in exchange or substitution for this warrant, is referred to as the “Warrant”, and the holder of this Warrant is referred to as the “Holder.” The number of Warrant Shares is subject to adjustment as hereinafter provided. Notwithstanding anything to the contrary contained herein, this Warrant shall expire at 5:00pm EST on , 2007 [3 years from the Closing at which this Warrant is issued] (the “Termination Date”).
WARRANT TO PURCHASE SECURITIES OF ENVIRONMENTAL POWER CORPORATIONEnvironmental Power Corp • August 16th, 2004 • Cogeneration services & small power producers • Delaware
THIS CERTIFIES that, for value received, [Westminster Securities Corp.] is entitled to purchase from Environmental Power Corporation, a Delaware corporation (the “Corporation”), subject to the terms and conditions hereof, [ ] investment units (the “Placement Agent Units”), each such Placement Agent Unit consisting of (i) 30,000 shares of common stock, par value $0.01 per share (“Common Stock”), of the Corporation as adjusted to reflect forward or reverse stock splits, stock dividends, recapitalizations and the like (the “Shares”) and (ii) warrants (“Warrants”) to purchase 15,000 shares of Common Stock (the “Warrant Shares”) at an exercise price of $1.10 per share. Such Placement Agent Units (and components thereof) shall be identical to, and have the same rights as, the investment units sold pursuant to the Corporation’s Confidential Offering Memorandum dated March 19, 2004, including without limitation all registration rights granted to purchasers of Units pursuant to their respective
