Document:

Exhibit 4.1

 

THIS NOTE HAS NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), NOR UNDER ANY STATE SECURITIES LAW AND MAY NOT BE SOLD,
PLEDGED, OFFERED FOR SALE, ASSIGNED OR TRANSFERRED UNLESS (a) A REGISTRATION STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER
THE SECURITIES ACT, AND ANY APPLICABLE STATE SECURITIES LAW REQUIREMENTS HAVE BEEN MET OR (B) EXEMPTIONS FROM THE REGISTRATION
REQUIREMENTS UNDER THE SECURITIES ACT AND THE REGISTRATION OR QUALIFICATION REQUIREMENTS OF APPLICABLE STATE SECURITIES LAWS ARE
AVAILABLE.

 

CONVERTIBLE NOTE

 

	$40,000.00	Issue Date: November 27, 2019
	 	New York, New York

 

FOR VALUE RECEIVED,
Newtown Lane Marketing, Incorporated, a Delaware corporation (the “Company”), promises to pay to the order of Ironbound
Partners Fund, LLC (“Holder”), at c/o Graubard Miller, 405 Lexington Avenue, 11th Floor, New York, New York
10174 or such other address as instructed by Holder, the principal sum of Forty Thousand dollars and no cents (US$40,000.00) with
interest thereon at the rate of five percent (5%) per annum. Interest as aforesaid shall be calculated on the basis of actual number
of days elapsed over a year of 360 days.

 

The principal amount
and all accrued interest of this Note is due on August 31, 2020 (the “Maturity Date”).

 

This Note is subject
to the following additional provisions:

 

Section 1. Definitions.
For the purposes hereof, in addition to the terms defined elsewhere in this Note, the following terms shall have the following
meanings:

 

“Business Day” means
any day except Saturday, Sunday and any day which shall be a federal legal holiday in the United States or a day on which banking
institutions in the State of New York are authorized or required by law or other government action to close.

 

“Common Stock” means
the common stock, par value $0.001 per share, of the Company and stock of any other class into which such shares may hereafter
have been reclassified or changed.

 

“Conversion Date” shall
have the meaning set forth in Section 3(a) hereof.

 

“Conversion Price” shall
have the meaning set forth in Section 3(b).

 

“Conversion Shares”
means the shares of Common Stock issuable upon conversion of this Note or as payment of interest, all in accordance with the terms
hereof.

 

“Event of Default” shall
have the meaning set forth in Section 5.

 

“Fundamental Transaction” shall have the
meaning set forth in Section 3(a) hereof.

 

“Person” means a corporation, an association,
a partnership, organization, a business, an individual, a government or political subdivision thereof or a governmental agency.

 

     

     

    

 

Section 2. Registration of Transfers and Exchanges.

 

(a) Different Denominations. This Note is exchangeable
for an equal aggregate principal amount of Notes of different authorized denominations as requested by the Holder surrendering
the same, No service charge will be made for such registration of transfer or exchange.

 

(b) Reliance on Note Register. Prior to due presentment
to the Company for transfer of this Note, the Company and any agent of the Company may treat the Person in whose name this Note
is duly registered on the Note Register as the owner hereof for the purpose of receiving payment as herein provided and for all
other purposes, whether or not this Note is overdue, and neither the Company nor any such agent shall be affected by notice to
the contrary.

 

Section 3. Conversion.

 

(a) Optional Conversion. From and after the consummation
of a “Qualified Financing” (as defined below),or upon the consummation of a business combination transaction (by merger,
asset purchase, stock-swap or otherwise) with an entity that is engaged in an active trade or business (a “Fundamental Transaction”),
then, upon the election of the Holder, the principal and accrued but unpaid interest payable hereunder may be converted into shares
of Common Stock in accordance with the provisions of Section 3(b) and (c) hereof. The “Conversion Date” shall be deemed
to be (a) in the event of an election to convert subsequent to a Qualified Financing, the date of delivery by the Holder of a conversion
notice, or (b) in the event of the consummation of a Fundamental Transaction, the date such transaction is consummated. At least
ten (10) days prior to the consummation of a Fundamental Transaction, the Company shall give the Holder written notice of the proposed
consummation of a Fundamental Transaction. Within five (5) days of receipt of written notice of the proposed consummation of a
Fundamental Transaction, Holder shall advise the Company if he elects to convert this Note in accordance with the provisions of
Section 3(b) and (c) hereof. If Holder fails to deliver a conversion notice within such period, upon the closing of the Fundamental
Transaction, the principal amount and all accrued interest of this Note shall be due and payable. For the purposes of the provision,
a “Qualified Financing” shall mean the first sale of equity to an unaffiliated party yielding gross proceeds to the
Company of at least $100,000.

 

(b) Conversion Price. The conversion price shall
be equal to the per share price attributable to the Company’s Common Stock in a Qualified Financing, or if no Qualified Financing
shall have been consummated, the per share price in the Fundamental Transaction as determined in good faith by the Board of Directors
of the Company (the “Conversion Price”).

 

(c) Mechanics of Conversion

 

i. Conversion Shares Issuable Upon Conversion of Principal
Amount. The number of shares of Common Stock issuable upon a conversion hereunder shall be determined by the quotient obtained
by dividing (x) the amount of this Note (including both principal and accrued but unpaid interest) to be converted by (y) the Conversion
Price.

 

ii. Delivery of Certificate Upon Conversion. Not
later than five (5) Business Days after any Conversion Date, the Company will deliver to the Holder at an address in the United
States (A) a certificate or certificates representing the Conversion Shares representing the number of shares of Common Stock being
acquired upon the conversion of Note.

 

    2

     

    

 

iii. Reservation of Shares Issuable Upon Conversion.
The Company covenants that it will at all times reserve and keep available out of its authorized and unissued shares of Common
Stock solely for the purpose of issuance upon conversion of this Note (after taking into account all existing issued and outstanding
shares of Common Stock and all shares reserved for issuance under the Company’s issued and outstanding convertible securities),
free from preemptive rights or any other actual contingent purchase rights of persons other than the Holder, not less than such
number of shares of the Common Stock as shall be issuable upon the conversion of the outstanding principal amount and accrued interest
under this Note. The Company covenants that all shares of Common Stock that are issuable upon conversion of this Note shall, upon
issuance, be duly and validly authorized, issued and fully paid and nonassessable.

 

iv. Fractional Shares. Upon a conversion hereunder
the Company shall not be required to issue stock certificates representing fractions of shares of the Common Stock, but may if
otherwise permitted, make a cash payment in respect of any final fraction of a share based on the fair market value of a share
at such time. If the Company elects not, or is unable, to make such a cash payment, the Holder shall be entitled to receive, in
lieu of the final fraction of a share, one whole share of Common Stock.

 

v. Transfer Taxes. The issuance of certificates
for shares of the Common Stock on conversion of this Note shall be made without charge to the Holder for any documentary stamp
or similar taxes that may be payable in respect of the issue or delivery of such certificate, provided that the Company shall not
be required to pay any tax that may be payable in respect of any transfer involved in the issuance and delivery of any such certificate
upon conversion in a name other than that of the Holder of such Notes so converted and the Company shall not be required to issue
or deliver such certificates unless or until the person or persons requesting the issuance thereof shall have paid to the Company
the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid.

 

Section 4. Events of Default.

 

(a) Event of Default. Wherever used herein, means
any one of the following events (whatever the reason and whether it shall be voluntary or involuntary or effected by operation
of law or pursuant to any judgment, decree or order of any court, or any order, rule or regulation of any administrative or governmental
body):

 

i. any default in the payment of (A) the principal, or
(B) interest on this Note as and when the same shall become due and payable which default is not cured within two (2) Trading Days
after written notice from the Holder;

 

ii. any representation or warranty made herein shall be
untrue or incorrect in any material respect as of the date when made or deemed made; or

 

iii. (i) there is commenced against the Company thereof
a case under any applicable bankruptcy or insolvency laws as now or hereafter in effect or any successor thereto, or any other
proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation
or similar law of any jurisdiction whether now or hereafter in effect relating to the Company thereof which remains undismissed
for a period of 60 days or a voluntary petition is made by the Company under the provisions of the Federal Bankruptcy Code or any
state statute for the relief of debtors; or (ii) the Company thereof is adjudicated by a court of competent jurisdiction insolvent
or bankrupt; or any order of relief or other order approving any such case or proceeding is entered; or (iii) the Company suffers
any appointment of any custodian or the like for it or any substantial part of its property which continues undischarged or unstayed
for a period of 60 days.

 

    3

     

    

 

(b) Remedies Upon Event of Default. Upon the occurrence
of an Event of Default specified in Sections 4(a)(i) or 4(a)(ii), Holder may, by written notice to the Company, declare this Note
to be due and payable, whereupon the principal amount of this Note, together with accrued interest thereon and all other amounts
payable thereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind,
all of which are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.
Upon the occurrence of an Event of Default specified in Section 4(a)(iii), the unpaid principal balance of, all accrued, unpaid
interest thereon, and all other sums payable with regard to, this Note shall automatically and immediately become due and payable,
in all cases without any action on the part of Holder. If an Event of Default occurs, the rate of interest applicable to the unpaid
principal amount shall be adjusted to eighteen percent (18%) per annum from the Maturity Date (or such earlier date if the obligation
to repay this Note is accelerated) until the date of repayment; provided, that in no event shall the interest rate exceed the maximum
rate permitted by law.

 

Section 5. Miscellaneous.

 

(a) Notices. Any and all notices
or other communications or deliveries to be provided by the Holder hereunder, shall be in writing and delivered personally, by
facsimile, sent by a nationally recognized overnight courier service, addressed to the Company, at c/o Graubard Miller, 405 Lexington
Avenue, 11th Floor, New York, New York 10174, or such other address or facsimile number as the Company may specify for
such purposes by notice to the Holder delivered in accordance with this Section. Any and all notices or other communications or
deliveries to be provided by the Company hereunder shall be in writing and delivered personally, by email, at the email address
of such Holder appearing on the books of the Company, by facsimile, sent by a nationally recognized overnight courier service addressed
to the Holder at the facsimile, telephone number or address of such Holder appearing on the books of the Company, or if no such
facsimile telephone number or address appears, at the principal place of business of the Holder. Any notice or other communication
or deliveries hereunder shall be deemed given and effective on the earliest of (i) the date of transmission, if such notice or
communication is delivered via facsimile at the facsimile telephone number specified in this Section prior to 5:30 p.m. (New York
City time), (ii) the date after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile
telephone number specified in this Section later than 5:30 p.m. (New York City time) on any date and earlier than 11:59 p.m. (New
York City time) on such date, (iii) the second Business Day following the date of mailing, if sent by nationally recognized overnight
courier service, or (iv) upon actual receipt by the party to whom such notice is required to be given.

 

(b) Absolute Obligation. Except as expressly provided
herein, no provision of this Note shall alter or impair the obligation of the Company, which is absolute and unconditional, to
pay the principal of, interest and liquidated damages (if any) on, this Note at the time, place, and rate, and in the coin or currency,
herein prescribed. This Note is a direct debt obligation of the Company.

 

(c) Lost or Mutilated Note. If this Note shall be
mutilated, lost, stolen or destroyed, the Company shall execute and deliver, in exchange and substitution for and upon cancellation
of a mutilated Note, or in lieu of or in substitution for a lost, stolen or destroyed Note, a new Note for the principal amount
of this Note so mutilated, lost, stolen or destroyed but only upon receipt of evidence of such loss, theft or destruction of such
Note, and of the ownership hereof; and indemnity, if requested, all reasonably satisfactory to the Company.

 

    4

     

    

 

(d) Governing Law. All questions concerning the
construction, validity, enforcement and interpretation of this Note, and any claim, controversy or dispute arising under or related
to this Note, the relationship of the parties, and/or the interpretation and enforcement of the rights and duties of the parties
hereunder shall be governed by and construed and enforced in accordance with the internal laws of the State of New York, without
regard to the principles of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations,
enforcement and defense of the transactions contemplated by any of the Transaction Documents (whether brought against a party hereto
or its respective affiliates, directors, officers, shareholders, employees or agents) shall be commenced in the state or federal
courts sitting in the City of New York, Borough of Manhattan (the “New York Courts”). Each party hereto hereby irrevocably
submits to the exclusive jurisdiction of the New York Courts for the adjudication of any dispute hereunder or in connection herewith
or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of any of the Transaction
Documents), and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not
personally subject to the jurisdiction of any such court, or such New York Courts are improper or inconvenient venue for such proceeding.
Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action
or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such
party at the address in effect for notices to it under this Note and agrees that such service shall constitute good and sufficient
service of process and notice thereof Nothing contained herein shall be deemed to limit in any way any right to serve process in
any manner permitted by law. Each party hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, any
and all right to trial by jury in any legal proceeding arising out of or relating to this Note or the transactions contemplated
hereby. If either party shall commence an action or proceeding to enforce any provisions of this Note, then the prevailing party
in such action or proceeding shall be reimbursed by the other party for its attorney’s fees and other costs and expenses
incurred with the investigation, preparation and prosecution of such action or proceeding.

 

(e) Waiver. Any waiver by the Company or the Holder
of a breach of any provision of this Note shall not operate as or be construed to be a waiver of any other breach of such provision
or of any breach of any other provision of this Note. The failure of the Company or the Holder to insist upon strict adherence
to any term of this Note on one or more occasions shall not be considered a waiver or deprive that party of the right thereafter
to insist upon strict adherence to that term or any other term of this Note. Any waiver must be in writing.

 

(f) Severability. If any provision of this Note
is invalid, illegal or unenforceable, the balance of this Note shall remain in effect, and if any provision is inapplicable to
any person or circumstance, it shall nevertheless remain applicable to all other persons and circumstances. If it shall be found
that any interest or other amount deemed interest due hereunder violates applicable laws governing usury, the applicable rate of
interest due hereunder shall automatically be lowered to equal the maximum permitted rate of interest. The Company covenants (to
the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take
the benefit or advantage of, any stay, extension or usury law or other law which would prohibit or forgive the Company from paying
all or any portion of the principal of or interest on this Note as contemplated herein, wherever enacted, now or at any time hereafter
in force, or which may affect the covenants or the performance of this indenture, and due Company (to the extent it may lawfully
do so) hereby expressly waives all benefits or advantage of any such law, and covenants that it will not, by resort to any such
law, binder, delay or impeded the execution of any power herein granted to the Holder, but will suffer and permit the execution
of every such as though no such law has been enacted.

 

(g) Next Business Day. Whenever any payment or other
obligation hereunder shall be due on a day other than a Business Day, such payment shall be made on the next succeeding Business
Day.

 

(h) Headings. The headings contained herein are
for convenience only, do not constitute a part of this Note and shall not be deemed to limit or affect any of the provisions hereof.

 

(i) Application of Payments. All payments shall
be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including (without
limitation) reasonable attorneys’ fees, then to the payment in full of any accrued, unpaid interest and finally to the reduction
of the unpaid principal balance of this Note

 

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IN WITNESS WHEREOF, the Company
has caused this Note to be duly executed by a duly authorized officer as of the date first above indicated.

 

	 	NEWTOWN LANE MARKETING, INCORPORATED
	 	 	 
	 	By:	/s/ Jonathan J. Ledecky  
	 	 	Jonathan J. Ledecky, President

 

 

6Exhibit
10.1

 

VOTING
AND SUPPORT AGREEMENT

 

This
Voting and Support Agreement (this “Agreement”) is made and entered into as of November 25, 2019 by and between
Mitsubishi Chemical Performance Polymers, Inc., a Delaware corporation (“Buyer”) and the undersigned stockholder
(the “Stockholder”) of AdvanSource Biomaterials Corporation, a Delaware corporation (“Seller”).
Capitalized terms that are used but not defined herein shall have the respective meanings ascribed thereto in the Purchase Agreement
(defined below).

 

RECITALS

 

WHEREAS,
as an inducement for Buyer to enter into that certain Asset Purchase Agreement of even date herewith, by and between Buyer and
Seller (as it may be amended from time to time by the parties thereto, the “Purchase Agreement”), which provides
for the transfer to Buyer or its designee all of the Purchased Assets in exchange for the consideration set forth in the Purchase
Agreement in accordance with its terms (the “Purchase”), Buyer has requested that Stockholder execute and deliver
this Agreement;

 

WHEREAS,
as of the date hereof, Stockholder is the beneficial owner (as defined in Rule 13d-3 promulgated under the Exchange Act) of the
number of shares of Seller’s common stock and other securities convertible into, or exercisable or exchangeable for, shares
of Seller’s common stock, all as set forth on the signature page of this Agreement (collectively, the “Shares”);
and

 

WHEREAS,
as a condition and inducement for Buyer to enter into the Purchase Agreement, Stockholder and Buyer are entering into this Agreement.

 

NOW,
THEREFORE, the parties hereto hereby agree as follows:

 

 1. Agreement to Vote Shares.

 

(a)
Until the Expiration Date (defined below), at the Seller Stockholders Meeting and at every other stockholder meeting of Seller
called to consider the adoption of the Purchase Agreement, and at every postponement or adjournment thereof, and on every action
or approval by written consent of Seller’s stockholders with respect to any of the following, Stockholder shall vote all
outstanding Shares and any outstanding New Shares (defined below):

 

(i)
in favor of the adoption of the Purchase Agreement and approval of the Purchase and any action reasonably required in furtherance
of the foregoing, including any proposal to adjourn or postpone any meeting of the stockholders of Seller at which the adoption
of the Purchase Agreement and approval of the Purchase is submitted for the consideration and vote of the stockholders of Seller
to a later date if there are not proxies representing a sufficient number of shares of Seller common stock to approve such matters
on the date on which the meeting is held;

 

    -1-

     

    

 

(ii)
against any action or agreement that would reasonably be expected to result in a breach of any covenant, representation or warranty
or any other obligation or agreement of Seller contained in the Purchase Agreement such that a condition to Closing would not
be satisfied, or of any Stockholder contained in this Agreement;

 

(iii)
against any Takeover Proposal made by any Person (other than Buyer) and any Alternative Acquisition Agreement proposed by any
Person;

 

(iv)
against any change in the Seller Board, including the individuals who serve as members of the Seller Board or the number of seats
that make up the Seller Board;

 

(v)
against any action with respect to the conversion of any of Seller’s common stock that may adversely affect or otherwise
impair such Stockholder’s ability to perform its obligation under this Agreement; and

 

(vi)
against any other action, agreement or transaction involving Seller that is intended, or would reasonably be expected, to impede,
materially interfere with, materially delay, materially postpone, materially and adversely affect or prevent the consummation
of the Purchase or the other material transactions contemplated by the Purchase Agreement or this Agreement or the performance
by Seller of its obligations under the Purchase Agreement or by any Stockholder of its obligations under this Agreement, including
(x) any extraordinary corporate transaction, such as a merger, consolidation or other business combination involving Seller (other
than the Buyer’s acquisition of the Purchased Assets), (y) a sale, lease or transfer of a material amount of assets of Seller
or any reorganization, recapitalization or liquidation of Seller or (z) any change in the present capitalization of Seller or
any amendment or other change to its certificate of incorporation or bylaws.

 

(b)
Prior to the Expiration Date, Stockholder shall not enter into any agreement or legally binding understanding with any person
to vote or give instructions in any manner inconsistent with this Section 1.

 

2.
New Shares. Stockholder agrees that any shares of Seller’s common stock that Stockholder purchases or with respect
to which Stockholder otherwise acquires beneficial ownership after the date of this Agreement and prior to the Expiration Date,
including, without limitation, shares issued or issuable upon the conversion, exercise or exchange, as the case may be, of all
securities held by Stockholder that are convertible into, or exercisable or exchangeable for, shares of Seller common stock (“New
Shares”), shall be subject to the terms and conditions of this Agreement to the same extent as if they constituted Shares.

 

3.
Transfer and Encumbrance; No Inconsistent Action.

 

(a)
Other than pursuant to this Agreement, Stockholder agrees, during the period beginning on the date hereof and ending on the
Expiration Date, not to sell, transfer, exchange, pledge or otherwise dispose of or encumber (collectively,
“Transfer”), any Shares or any New Shares, or to discuss, negotiate, or make any offer or agreement
relating thereto, other than to or with Buyer, in each case without the prior written consent of Buyer. Stockholder
acknowledges that the intent of the foregoing sentence is to ensure that the Shares and any New Shares are voted in
accordance with the terms hereof.

 

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(b)
Section 3(a) shall not prohibit a Transfer of Shares by Stockholder (i) to any family member or trust for the benefit of any family
member, (ii) to any Affiliate of Stockholder, or (iii) to any person or entity if and to the extent required by any non-consensual
Governmental Order, by divorce decree or by will, intestacy or other similar applicable Law, so long as in the case of the foregoing
clauses (i), (ii) and (iii), the assignee or transferee agrees to be bound by the terms of this Agreement and executes and delivers
to the parties hereto a written consent and joinder memorializing such agreement.

 

(c)
Stockholder shall not:

 

(i)
grant or permit the grant of any proxy, power-of-attorney or other authorization or consent with respect to any of the Shares
or New Shares;

 

(ii)
seek to influence any Person with respect to the voting of any of the Company’s common stock in connection with the Buyer’s
acquisition of the Purchased Assets or any other transaction, other than to recommend that the stockholders of Seller vote in
favor of approval of the Purchase Agreement; or

 

(iii)
take or permit any other action that would be expected to adversely affect such Stockholder’s ability to perform its obligations
hereunder.

 

4.
No Class Claims. Stockholder hereby agrees not to commence or participate in, and use reasonable best efforts to, if requested
by Buyer, take all actions necessary to opt out of any class in any class action with respect to any claim, derivative or otherwise,
against Buyer, Seller or any of their respective successors relating to the negotiation, execution or delivery of this Agreement
or the Purchase Agreement or the consummation of the Purchase, including any claim (a) challenging the validity, or seeking to
enjoin the operation, of any provision of this Agreement or the Purchase Agreement or (b) alleging a breach of any fiduciary duty
of the Seller Board in connection with the Purchase Agreement or the transactions contemplated thereby.

 

5.
Share Legends. If so requested by Buyer, and to the extent the Shares or New Shares are represented by certificates, Stockholder
agrees that the Shares and any New Shares shall bear a legend stating that they are subject to this Agreement. Subject to the
terms of Section 1 hereof, Stockholder agrees that Stockholder will not Transfer certificated Shares or any certificated
New Shares without first having the aforementioned legend affixed to the certificates representing the Shares or any New Shares.
Stockholder shall instruct Seller to affix a legend to any certificates representing the Shares (upon a request for the Transfer
of such Shares) and any New Shares (upon issuance) stating that such Shares or New Shares are subject to this Agreement. Stockholder
shall cause Seller to further agree to make a notation on its records and give instructions to its transfer agent(s) for the Shares
and any New Shares in order to implement the restrictions set forth in this Agreement.

 

    -3-

     

    

 

6.
Representations and Warranties of Stockholder. Stockholder hereby represents, warrants and covenants to Buyer as follows:

 

(a)
If such Stockholder is not an individual, the execution, delivery and performance by such Stockholder of this Agreement and the
consummation by such Stockholder of the transactions contemplated hereby are within the powers of such Stockholder and have been
duly authorized by all necessary action. If such Stockholder is an individual, he or she has full legal capacity, right and authority
to execute and deliver this Agreement and to perform his or her obligations hereunder. Such Stockholder has duly executed and
delivered this Agreement and, assuming the due authorization, execution and delivery by Buyer, this Agreement constitutes such
Stockholder’s legal, valid and binding obligation, enforceable against it in accordance with its terms except, in each case,
as enforcement may be limited by bankruptcy, insolvency, reorganization or similar legal requirements affecting creditors’
rights generally and by general principles of equity. If such Stockholder is married and any of the Shares or New Shares constitute
community property or spousal approval is otherwise necessary for this Agreement to be legal, valid, binding and enforceable,
this Agreement has been duly executed and delivered by, and, assuming the due authorization, execution and delivery by Buyer,
constitutes the legal, valid and binding obligation of, such Stockholder’s spouse, enforceable in accordance with its terms
except, in each case, as enforcement may be limited by bankruptcy, insolvency, reorganization or similar legal requirements affecting
creditors’ rights generally and by general principles of equity.

 

(b)
The Shares are and the New Shares will be beneficially owned (as defined in Rule 13d-3 promulgated under the Exchange Act) or
owned of record by such Stockholder and/or one or more of such stockholder’s Affiliates. Such Stockholder has and will have
good and valid title to such Shares and New Shares, free and clear of any Encumbrances other than pursuant to this Agreement.
As of the date hereof, such Stockholder’s Shares (and the applicable portion of the New Shares) constitute all of the shares
of Seller common stock beneficially owned or owned of record by such Stockholder and such Affiliates. Except as provided for herein,
such Stockholder and certain Affiliates of such Stockholder collectively have sole voting power (including the right to control
such vote as contemplated herein), sole power of disposition (except with respect to Shares underlying restricted stock awards
issued to directors of Seller), sole power to issue instructions with respect to the matters set forth in herein, and sole power
to agree to all of the matters set forth in this Agreement, in each case with respect to all of such Stockholder’s Shares
and New Shares.

 

(c)
The execution and delivery of this Agreement by such Stockholder do not, and the performance by such Stockholder of its
obligations under this Agreement will not, (i) if such Stockholder is not an individual, violate the certificate of
formation, agreement of limited partnership, certificate of incorporation or similar organizational documents of such
Stockholder, (ii) conflict with or violate any law, ordinance or regulation of any Governmental Authority applicable to such
Stockholder or by which any of its assets or properties is bound, or (iii) conflict with, result in any breach of or
constitute a default (or an event that with notice or lapse of time or both would become a default) under, or give to others
any rights of termination, amendment, acceleration or cancellation of, or result in the creation of any encumbrance on the
properties or assets of such Stockholder pursuant to, any Contract, permit, franchise or other instrument or obligation to
which such Stockholder is a party or by which such Stockholder and/or any of its assets or properties is bound, except for
any of the foregoing as would not reasonably be expected, either individually or in the aggregate, to impair the ability of
such Stockholder to perform its obligations hereunder or to consummate the transactions contemplated hereby on a timely
basis.

 

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(d)
The execution and delivery of this Agreement by such Stockholder does not, and the performance by such Stockholder of its obligations
under this Agreement and the consummation by it of the transactions contemplated hereby will not, require such Stockholder to
obtain any consent, approval, authorization or permit of, or to make any filing with or notification to, any Governmental Authority,
other than the filings of any reports with the SEC.

 

(e)
As of the date hereof, there is no Action pending or, to the knowledge of such Stockholder, threatened against or affecting such
Stockholder and/or any of its Affiliates before or by any Governmental Authority that would reasonably be expected to impair the
ability of such Stockholder to perform its obligations hereunder or to consummate the transactions contemplated hereby on a timely
basis.

 

(f)
With respect to its equity ownership in Seller, Stockholder has full voting power, full power of disposition, full power to issue
instructions with respect to the matters set forth herein and full power to agree to all of the matters set forth in this Agreement.
None of Stockholder’s Shares are subject to any Stockholders’ agreement, proxy, voting trust or other agreement or
arrangement with respect to voting.

 

(g)
No investment banker, broker, finder or other intermediary is entitled to a fee or commission from Buyer or Seller in respect
of this Agreement based upon any arrangement or agreement made by or on behalf of such Stockholder (other than as an officer or
director of Seller).

 

(h)
Such Stockholder understands and acknowledges that Buyer is entering into the Purchase Agreement in reliance upon the execution
and delivery of this Agreement by Stockholder and the representations, warranties and covenants of Stockholder contained herein.
Such Stockholder understands and acknowledges that the Purchase Agreement governs the terms of the Purchase and the other transactions
contemplated thereby.

 

7.
Representations and Warranties of Buyer. Buyer hereby represents, warrants and covenants to Stockholder as follows:

 

(a)
Buyer is a duly organized and validly existing corporation in good standing under the Laws of the jurisdiction of its organization.

 

(b)
Buyer has full power and authority to execute, deliver and perform this Agreement and to consummate the transactions
contemplated thereby. This Agreement has been duly executed and delivered by Buyer and, assuming due authorization, execution
and delivery by Stockholder, constitutes a valid and binding obligation of Buyer, enforceable against Buyer in accordance
with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other
laws affecting creditors’ rights and by general principles of equity (whether applied in a proceeding at law or in
equity).

 

    -5-

     

    

 

8.
Stockholder Capacity. Stockholder is signing and entering into this Agreement solely in his, her or its capacity as a beneficial
owner of the Shares and New Shares, if any. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement
shall (a) limit or affect in any way any actions that may hereafter be taken by Stockholder in his, her or its capacity as an
officer or director of Seller, including in exercising rights under the Purchase Agreement (including by voting to withdraw, amend
or modify, or publicly propose or resolve to withdraw, amend or modify, in a manner adverse to Buyer, the recommendation of the
Seller Board that Seller’s stockholders vote in favor of the adoption of the Purchase Agreement in accordance with the terms
of the Purchase Agreement), and no such actions or omissions shall be deemed a breach of this Agreement, or (b) be construed to
prohibit, limit or restrict Stockholder from exercising his, her or its fiduciary duties as an officer or director to Seller.

 

9.
Consents and Waivers. Stockholder hereby gives any consents or waivers that are reasonably required for the consummation
of the Purchase under the terms of any agreement to which Stockholder is a party or pursuant to any rights Stockholder may have.

 

10.
Documentation and Information.

 

(a)
Except as required by applicable Law, Stockholder shall not make any public announcement regarding this Agreement, the Purchase
Agreement or the transactions contemplated hereby or thereby without the prior written consent of Buyer (which consent may be
withheld in Buyer’s sole discretion); provided that Stockholder may disclose the terms of this Agreement and file
a copy hereof in a Schedule 13D filed with the SEC. Stockholder hereby consents to the disclosure in the Seller Proxy Statement
and, if required by applicable Law or the SEC or any other securities authorities, any other documents or communications provided
by Buyer or Stockholder to any Governmental Entity or to the Stockholders of the Company, of such Stockholder’s identity
and beneficial ownership of the Seller’s common stock and the nature of such Stockholder’s commitments under this
Agreement and a copy of this Agreement.

 

(b)
Stockholder agrees to promptly give Buyer any information that is in its possession that Buyer may reasonably request for the
preparation of any such disclosure documents and promptly notify Buyer of any required corrections with respect to any written
information supplied by it, if Stockholder shall become aware that any such information shall have become false or misleading
in any material respect.

 

11. Cessation
of Ongoing Discussion and Negotiations. Stockholder shall, and shall cause each of its Representatives to,
(a) immediately cease and cause to be terminated all existing discussions and negotiations with any Person or such
Person’s Representatives (other than Buyer and any of its Affiliates or any of Buyer or its Affiliates’
respective Representatives) regarding any Takeover Proposal and (b) not terminate, amend, release or modify any provision of
any standstill agreement (including any standstill provisions contained in any confidentiality or other agreement) to which
it or any of its Affiliates or Representatives is a party.

 

    -6-

     

    

 

12.
Termination. This Agreement shall automatically terminate and shall have no further force or effect as of the earliest
to occur of (a) the Closing, (b) the date the Seller Board makes an Adverse Recommendation Change in accordance with Section 6.03
of the Purchase Agreement, (c) the date the Purchase Agreement shall have been validly terminated pursuant to Article IX thereof,
and (d) the mutual consent of Buyer and Stockholder (the earliest to occur of clauses (a), (b), (c) and (cd) of this Section
12, the “Expiration Date”); provided, however, that notwithstanding the foregoing, the provisions
in Section 14 hereof shall survive in full force and effect following the termination of this Agreement.

 

13.
No Partnership, Agency or Joint Venture. This Agreement is intended to create a contractual relationship between Stockholder
and Buyer, and is not intended to create, and does not create, any agency, partnership, joint venture or any like relationship
between the parties hereto or among any other stockholders of Seller entering into voting agreements with Buyer. Nothing contained
in this Agreement shall be deemed to vest in Buyer any direct or indirect ownership or incidence of ownership of or with respect
to any Shares.

 

14.
Miscellaneous.

 

(a)
Notices. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing
and shall be deemed to have been given (1) when delivered by hand (with written confirmation of receipt), (2) when received by
the addressee if sent by a nationally recognized overnight courier (receipt requested), (3) on the date sent by e-mail of a PDF
document (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next Business Day
if sent after normal business hours of the recipient (provided, that if given by e-mail, such notice, request, consent, claim,
demand, waiver or other communication shall be followed up within one (1) Business Day of dispatch pursuant to one of the other
methods described herein and provided further that such confirmatory dispatch shall not be deemed the date of transmission) or
(4) on the third (3rd) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid.
Such communications must be sent to the respective parties at the following addresses (or at such other address for a party as
shall be specified in a notice given in accordance with this Section 14(a):

 

(i)
if to Buyer, to:

 

Mitsubishi
Chemical Performance Polymers, Inc.

2001
Hood Road

Greer,
SC 29650

Attention:
President

 

    -7-

     

    

 

with
a copy (which shall not constitute notice) to:

 

Mitsubishi
Chemical Holdings America, Inc.

655
Third Avenue

New
York, NY 10017

Attention:
General Counsel

 

and

 

Winston
& Strawn LLP

200
Park Avenue

New
York, NY 10166

Attention:
Jared Manes

Email:
JManes@winston.com

Telephone
No.: (212) 294-6736

 

(ii)
If to Stockholder, to the address set forth on the signature page hereto.

 

(b)
Certain Interpretations.

 

(i)
The words “include,” “includes” and “including” when used herein shall be deemed in each case
to be followed by the words “without limitation.”

 

(ii)
The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation
of this Agreement.

 

(c)
Entire Agreement. This Agreement and the documents and instruments and other agreements among the parties hereto referenced
herein: (i) constitute the entire agreement among the parties hereto with respect to the subject matter hereof and supersede all
prior agreements, understandings, representations and conditions, both written and oral, among the parties hereto with respect
to the subject matter hereof, and (ii) are not intended to confer upon any other person any rights or remedies hereunder.

 

(d)
Assignment. This Agreement shall not be assigned by operation of law or otherwise, except that Buyer may assign the rights
and delegate its obligations hereunder to any wholly owned direct or indirect Subsidiary of Buyer so long as Buyer remains obligated
to perform those obligations required to be performed by Buyer hereunder.

 

(e)
Amendments and Modification. This Agreement may not be modified, amended, altered or supplemented except by the execution
and delivery of a written agreement executed by all of the parties hereto.

 

(f)
Waiver. No waiver by any party hereto of any condition or of any breach of any provision of this Agreement shall be effective
unless in writing.

 

(g)
Further Assurances. Each party hereto shall perform such further acts and execute such further documents as may reasonably
be required to carry out the provisions of this Agreement. Stockholder agrees to notify Buyer promptly in writing of the number
and description of Shares or New Shares acquired after the date hereof that is not listed on the signature page below.

 

    -8-

     

    

 

(h)
Severability. In the event that any provision of this Agreement or the application thereof becomes or is declared by a
court of competent jurisdiction to be illegal, void or unenforceable, the remainder of this Agreement shall continue in full force
and effect and the application of such provision to other persons or circumstances will be interpreted so as reasonably to effect
the intent of the parties hereto. The parties hereto further agree to replace such void or unenforceable provision of this Agreement
with a valid and enforceable provision that shall achieve, to the extent possible, the economic, business and other purposes of
such void or unenforceable provision.

 

(i)
Specific Performance. The parties hereto agree that irreparable damage would occur if any provision of this Agreement were
not performed in accordance with the terms hereof and that the parties shall be entitled to specific performance of the terms
hereof, in addition to any other remedy to which they are entitled at law or in equity.

 

(j)
Fees and Expenses. Except as otherwise provided in the Purchase Agreement, all costs and expenses incurred in connection
with this Agreement and the transactions contemplated hereby shall be borne by the party incurring such costs and expenses. If
any action or other proceeding relating to the enforcement of any provision of this Agreement is brought by any party hereto,
the prevailing party shall be entitled to recover reasonable attorneys’ fees, costs and disbursements from the opposing
party or parties in such action or other preceding (in addition to any other relief to which the prevailing party may be entitled).

 

(k)
GOVERNING LAW. This Agreement shall be governed by and construed in accordance
with the internal laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule (whether
of the State of Delaware or any other jurisdiction). EACH PARTY HERETO hereby irrevocably and unconditionally agrees to be subject
to, and hereby consents and submits to, the jurisdiction of the courts of the State of Delaware and agrees that any action involving
any equitable or other claim shall be brought exclusively in the Delaware Court of Chancery. In the event that the Delaware Court
of Chancery does not accept OR DOES NOT HAVE jurisdiction over any such action, EACH PARTY HERETO hereby irrevocably and unconditionally
agrees that any such action then shall be brought exclusively in the United States District Court for the District of Delaware.

 

(l)
WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE ACTIONS OF
ANY PARTY HERETO IN NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF.

 

    -9-

     

    

 

(m)
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which
together shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by means of facsimile or
portable document format (“.PDF”) signature and such signature shall be deemed to have the same legal effect as delivery
of an original signed copy of this Agreement.

 

(n)
Purchase Agreement. Buyer acknowledges that Stockholder has been induced to enter into this Agreement based on the terms
and conditions of the Purchase Agreement.

 

[Signature
page follows.]

 

    -10-

     

    

 

IN
WITNESS WHEREOF, the undersigned have executed this Agreement on the date first above written.

 

	 	Buyer:
	 	 	 
	 	Mitsubishi
    Chemical Performance Polymers, Inc.
	 	 	 
	 	By:	             
	 	Name:	 
	 	Title:	 

 

[Signature Page to Voting and Support Agreement]

 

     

     

    

 

IN
WITNESS WHEREOF, the undersigned have executed this Agreement on the date first above written.

 

	 	Stockholder:
	 	 	 
	 	By:	 
	 	 	(Signature)
	 	 	 
	 	Name:	 
	 	 	(Print Name)
	 	 	 
	 	Title:	 
	 	 	(If Applicable)
	 	Address:	 
	 	 
	 	 
	 	 	 
	 	Company Stock Beneficially Owned:
	 	 	 
	 	Shares:	 
	 	 	 
	 	Common
    Stock issuable upon the exercise     of outstanding options, warrants or other
    rights:
	 		 

 

[Signature
Page to Voting and Support Agreement]

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