Document:

Exhibit
4.6

 

RIGHTS
AGREEMENT

 

This
Rights Agreement (this “Agreement”) is made as of [  ], 2021 between Nova Vision Acquisition Corp., a British Virgin
Islands business company, with offices at Room 602, 6/F, 168 Queen’s Road Central, Central, Hong Kong (the “Company”),
and American Stock Transfer & Trust Company, LLC, a New York limited liability trust company (the “Right Agent”).

 

WHEREAS,
the Company has received a firm commitment from EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”), as representative
of the several underwriters, to purchase up to an aggregate of 5,000,000 units, each unit (“Unit”) comprised of one ordinary
share of the Company, par value $0.0001 (the “Ordinary Shares”), one warrant with each warrant entitling the holder thereof
to purchase one-half (1/2) of one Ordinary Share, and one right to receive one-tenth (1/10) of one Ordinary Share (a “Public Right”)
upon the happening of the triggering event described herein, and in connection therewith, will issue and deliver up to an aggregate of
5,750,000 Public Rights upon consummation of such public offering, 750,000 of which are attributable to the over-allotment option (“Public
Offering”);

 

WHEREAS,
simultaneously with the consummation of the Public Offering, the Company will issue and deliver up to an aggregate of 307,500 rights
underlying private units (the “Private Rights”) and, together with the Public Rights, the “Rights”);

 

WHEREAS,
the Company has filed with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-1, File
No. 333-[  ] (“Registration Statement”), for the registration, under the Securities Act of 1933, as amended (“Act”)
of, among other securities, the Public Rights and the Ordinary Shares issuable to the holders of the Public Rights;

 

WHEREAS,
the Company desires the Right Agent to act on behalf of the Company, and the Right Agent is willing to so act, in connection with the
issuance, registration, transfer and exchange of the Rights;

 

WHEREAS,
the Company desires to provide for the form and provisions of the Rights, the terms upon which they shall be issued, and the respective
rights, limitation of rights, and immunities of the Company, the Right Agent, and the holders of the Rights; and

 

WHEREAS,
all acts and things have been done and performed which are necessary to make the Rights, when executed on behalf of the Company and countersigned
by or on behalf of the Right Agent, as provided herein, the valid, binding and legal obligations of the Company, and to authorize the
execution and delivery of this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows:

 

	1.	Appointment
    of Right Agent. The Company hereby appoints the Right Agent to act as agent for the Company for the Rights, and the Right Agent
    hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions set forth in this Agreement.

 

	2.	Rights.

 

	 	2.1.	Form
    of Right. Each Right shall be issued in registered or book entry form, as requested by the Company or the holder of a Right.
    Any Rights issued in registered form shall be in substantially the form of Exhibit A hereto, the provisions of which are incorporated
    herein and shall be signed by, or bear the facsimile signature of, the Chairman of the Board or Chief Financial Officer and shall
    bear a facsimile of the Company’s seal, if any. In the event the person whose facsimile signature has been placed upon any
    Right shall have ceased to serve in the capacity in which such person signed the Right before such Right is issued, it may be issued
    with the same effect as if he or she had not ceased to be such at the date of issuance.

 

	 	2.2.	Effect
    of Countersignature. Unless and until countersigned by the Right Agent pursuant to this Agreement, a registered Right shall be
    invalid and of no effect and may not be exchanged for Ordinary Shares. 

 

	 	2.3.	Registration.

 

    	 

     

    

 

	 	2.3.1.	Right
    Register. The Right Agent shall maintain books (“Right Register”) for the registration of original issuance and the
    registration of transfer of the Rights. Upon the initial issuance of the Rights, the Right Agent shall issue and register the Rights
    in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the
    Right Agent by the Company.

 

	 	2.3.2.	Registered
    Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Right Agent may deem and treat
    the person in whose name such Right shall be registered upon the Right Register (“registered holder”) as the absolute
    owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing on the Right
    Certificate made by anyone other than the Company or the Right Agent), for the purpose of the exchange thereof, and for all other
    purposes, and neither the Company nor the Right Agent shall be affected by any notice to the contrary.

 

	 	2.4.	Detachability
    of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fifty-second
    (52nd) day after the date hereof unless EF Hutton informs the Company and the Right Agent of its decision to allow earlier separate
    trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current
    Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public
    Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option
    is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when
    such separate trading shall begin.

 

	3.	Terms
    and Exchange of Rights.

 

	 	3.1.	Rights.
    Each Right shall entitle the holder thereof to receive one-tenth of one Ordinary Share upon the happening of the Exchange Event (described
    below). No additional consideration shall be paid by a holder of Rights in order to receive his, her or its Ordinary Shares upon
    the Exchange Event as the purchase price for such Ordinary Shares has been included in the purchase price for the Units. In no event
    will the Company be required to net cash settle the Rights or issue fractional Ordinary Shares. The provisions of this Section 3.1
    may not be modified, amended or deleted without the prior written consent of EF Hutton.

 

	 	3.2.	Exchange
    Event. The Exchange Event shall be the Company’s consummation of an initial Business Combination (as defined in the Company’s
    Amended and Restated Memorandum and Articles of Association).

 

	 	3.3.	Exchange
    of Rights.

 

	 	3.3.1.	Issuance
    of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights
    to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the
    holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent shall issue
    to the registered holder of such Right(s) a certificate or certificates for the number of full Ordinary Shares to which he, she or
    it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision
    contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company
    shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right
    Agent to round up to the nearest whole Ordinary Share or otherwise inform it how fractional shares will be addressed in accordance
    with British Virgin Islands law. 

 

	 	3.3.2.	Valid
    Issuance. All Ordinary Shares issued upon an Exchange Event in conformity with this Agreement shall be validly issued, fully
    paid and nonassessable.

 

	 	3.3.3.	Date
    of Issuance. Each person in whose name any such certificate for Ordinary Shares is issued shall for all purposes be deemed to
    have become the holder of record of such shares on the date of the Exchange Event, irrespective of the date of delivery of such certificate.

 

	 	3.3.4.	Company
    Not Surviving Following Exchange Event. If the Exchange Event results in the Company not continuing as a publicly held reporting
    entity, the definitive agreement will provide for the holders of Rights to receive the same per share consideration as the holders
    of the Ordinary Shares will receive in with the Exchange Event, for the number of shares such holder is entitled to pursuant to Section
    3.1 above.

 

    	 

     

    

 

	 	3.4.	Duration
    of Rights. If an Exchange Event does not occur within the time period set forth in the Company’s Amended and Restated Memorandum
    and Articles of Association, as the same may be amended from time to time, the Rights shall expire and shall be worthless. 

 

	4.	Transfer
    and Exchange of Rights.

 

	 	4.1.	Registration
    of Transfer. The Right Agent shall register the transfer, from time to time, of any outstanding Right upon the Right Register,
    upon surrender of such Right for transfer, properly endorsed with signatures properly guaranteed and accompanied by appropriate instructions
    for transfer. Upon any such transfer, a new Right representing an equal aggregate number of Rights shall be issued and the old Right
    shall be cancelled by the Right Agent.

 

	 	4.2.	Procedure
    for Surrender of Rights. Rights may be surrendered to the Right Agent, together with a written request for exchange or transfer,
    and thereupon the Right Agent shall issue in exchange therefor one or more new Rights as requested by the registered holder of the
    Rights so surrendered, representing an equal aggregate number of Rights; provided, however, that in the event that a Right surrendered
    for transfer bears a restrictive legend, the Right Agent shall not cancel such Right and issue new Rights in exchange therefor until
    the Right Agent has received an opinion of counsel for the Company stating that such transfer may be made and indicating whether
    the new Rights must also bear a restrictive legend.

 

	 	4.3.	Fractional
    Rights. The Right Agent shall not be required to effect any registration of transfer or exchange which will result in the issuance
    of a Right Certificate for a fraction of a Right.

 

	 	4.4.	Service
    Charges. There shall be a reasonable service charge paid to the Right Agent for any exchange or registration of transfer of Rights.

 

	 	4.5.	Right
    Execution and Countersignature. The Right Agent is hereby authorized to countersign and to deliver, in accordance with the terms
    of this Agreement, the Rights required to be issued pursuant to the provisions of this Section 4, and the Company, whenever required
    by the Right Agent, will supply the Right Agent with Rights duly executed on behalf of the Company for such purpose.

 

	5.	Other
    Provisions Relating to Rights of Holders of Rights.

 

	 	5.1.	No
    Rights as Shareholder. Until exchange of a Right for Ordinary Shares as provided for herein, a Right does not entitle the registered
    holder thereof to any of the rights of a shareholder of the Company, including, without limitation, the right to receive dividends,
    or other distributions, exercise any preemptive rights to vote or to consent or to receive notice as shareholders in respect of the
    meetings of shareholders or the election of directors of the Company or any other matter.

     

	

     	5.2.	Lost,
    Stolen, Mutilated, or Destroyed Rights. If any Right is lost, stolen, mutilated, or destroyed, the Company and the Right Agent
    may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated Right,
    include the surrender thereof), issue a new Right of like denomination, tenor, and date as the Right so lost, stolen, mutilated,
    or destroyed. Any such new Right shall constitute a substitute contractual obligation of the Company, whether or not the allegedly
    lost, stolen, mutilated, or destroyed Right shall be at any time enforceable by anyone.

 

	 	5.3.	Reservation
    of Ordinary Shares. The Company shall at all times reserve and keep available a number of its authorized but unissued Ordinary
    Shares that will be sufficient to permit the exchange of all outstanding Rights issued pursuant to this Agreement.

 

	6.	Concerning
    the Right Agent and Other Matters.

 

	 	6.1.	Payment
    of Taxes. The Company will from time to time promptly pay all taxes and charges that may be imposed upon the Company or the Right
    Agent in respect of the issuance or delivery of Ordinary Shares upon the exchange of Rights, but the Company shall not be obligated
    to pay any transfer taxes in respect of the Rights or such shares.

 

    	 

     

    

 

	 	6.2.	Resignation,
    Consolidation, or Merger of Right Agent.

 

	 	6.2.1.	Appointment
    of Successor Right Agent. The Right Agent, or any successor to it hereafter appointed, may resign its duties and be discharged
    from all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the Company. If the office
    of the Right Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing a successor
    Right Agent in place of the Right Agent. If the Company shall fail to make such appointment within a period of 30 days after it has
    been notified in writing of such resignation or incapacity by the Right Agent or by the holder of the Right (who shall, with such
    notice, submit his, her or its Right for inspection by the Company), then the holder of any Right may apply to the Supreme Court
    of the State of New York for the County of New York for the appointment of a successor Right Agent at the Company’s cost. Any
    successor Right Agent, whether appointed by the Company or by such court, shall be a corporation organized and existing under the
    laws of the State of New York, in good standing and having its principal office in the Borough of Manhattan, City and State of New
    York, and authorized under such laws to exercise corporate trust powers and subject to supervision or examination by federal or state
    authority. After appointment, any successor Right Agent shall be vested with all the authority, powers, rights, immunities, duties,
    and obligations of its predecessor Right Agent with like effect as if originally named as Right Agent hereunder, without any further
    act or deed; but if for any reason it becomes necessary or appropriate, the predecessor Right Agent shall execute and deliver, at
    the expense of the Company, an instrument transferring to such successor Right Agent all the authority, powers, and rights of such
    predecessor Right Agent hereunder; and upon request of any successor Right Agent the Company shall make, execute, acknowledge, and
    deliver any and all instruments in writing for more fully and effectually vesting in and confirming to such successor Right Agent
    all such authority, powers, rights, immunities, duties, and obligations.

 

	 	6.2.2.	Notice
    of Successor Right Agent. In the event a successor Right Agent shall be appointed, the Company shall give notice thereof to the
    predecessor Right Agent and the transfer agent for the Ordinary Shares not later than the effective date of any such appointment.

 

	 	6.2.3.	Merger
    or Consolidation of Right Agent. Any corporation into which the Right Agent may be merged or with which it may be consolidated
    or any corporation resulting from any merger or consolidation to which the Right Agent shall be a party shall be the successor Right
    Agent under this Agreement without any further act.

 

	 	6.3.	Fees
    and Expenses of Right Agent.

 

	 	6.3.1.	Remuneration.
    The Company agrees to pay the Right Agent reasonable remuneration for its services as such Right Agent hereunder and will reimburse
    the Right Agent upon demand for all expenditures that the Right Agent may reasonably incur in the execution of its duties hereunder.

 

	 	6.3.2.	Further
    Assurances. The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged,
    and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Right Agent for the
    carrying out or performing of the provisions of this Agreement.

 

	 	6.4.	Liability
    of Right Agent.

 

	 	6.4.1.	Reliance
    on Company Statement. Whenever in the performance of its duties under this Agreement, the Right Agent shall deem it necessary
    or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such
    fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved
    and established by a statement signed by the Chief Executive Officer or Chief Financial Officer and delivered to the Right Agent.
    The Right Agent may rely upon such statement for any action taken or suffered in good faith by it pursuant to the provisions of this
    Agreement.

 

	 	6.4.2.	Indemnity.
    The Right Agent shall be liable hereunder only for its own gross negligence, willful misconduct or bad faith. The Company agrees
    to indemnify the Right Agent and save it harmless against any and all liabilities, including judgments, costs and reasonable counsel
    fees, for anything done or omitted by the Right Agent in the execution of this Agreement except as a result of the Right Agent’s
    gross negligence, willful misconduct, or bad faith.

 

    	 

     

    

 

	 	6.4.3.	Exclusions.
    The Right Agent shall have no responsibility with respect to the validity of this Agreement or with respect to the validity or execution
    of any Right (except its countersignature thereof); nor shall it be responsible for any breach by the Company of any covenant or
    condition contained in this Agreement or in any Right; nor shall it by any act hereunder be deemed to make any representation or
    warranty as to the authorization or reservation of any Ordinary Shares to be issued pursuant to this Agreement or any Right or as
    to whether any Ordinary Shares will, when issued, be valid and fully paid and nonassessable.

 

	 	6.5.	Acceptance
    of Agency. The Right Agent hereby accepts the agency established by this Agreement and agrees to perform the same upon the terms
    and conditions herein set forth.

 

	 	6.6.	Waiver.
    The Right Agent hereby waives any right of set-off or any other right, title, interest or claim of any kind (“Claim”)
    in, or to any distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of the
    date hereof, by and between the Company and the Right Agent as trustee thereunder) and hereby agrees not to seek recourse, reimbursement,
    payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.

 

	7.	Miscellaneous
    Provisions.

 

	 	7.1.	Successors.
    All the covenants and provisions of this Agreement by or for the benefit of the Company or the Right Agent shall bind and inure to
    the benefit of their respective successors and assigns.

 

	 	7.2.	Notices.
    Any notice, statement or demand authorized by this Agreement to be given or made by the Right Agent or by the holder of any Right
    to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail
    or private courier service within five days after deposit of such notice, postage prepaid, addressed (until another address is filed
    in writing by the Company with the Right Agent), as follows:

 

Nova
Vision Acquisition Corp.

Room
602, 6/F

168
Queen’s Road Central

Central,
Hong Kong

Attn:
Eric Ping Hang Wong, Chief Executive Officer

E-mail:
ericwong@novavisionacquisition.com

 

Any
notice, statement or demand authorized by this Agreement to be given or made by the holder of any Right or by the Company to or on the
Right Agent shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier
service within five days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Right
Agent with the Company), as follows:

 

American
Stock Transfer & Trust Company, LLC

6201
15th Avenue

Brooklyn,
NY 11219

Attn:
Reorg Department

 

and

 

Loeb
& Loeb LLP

35
Park Avenue

New
York, New York 10154

Attn:
Lawrence Venick, Esq.

 

and

 

EF
Hutton,

division
of Benchmark Investments, LLC

17
Battery Pl Suite 625

 

    	 

     

    

 

New
York, NY 10004

Attn:
Joseph T. Rallo

and

 

Ellenoff
Grossman & Schole LLP

1345
Avenue of the Americas

New
York, NY 10105

Attn:
Barry Grossman

 

	 	7.3.	Applicable
    Law. The validity, interpretation, and performance of this Agreement and of the Rights shall be governed in all respects by the
    laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive
    laws of another jurisdiction. Each of the Company and the Right Agent hereby agrees that any action, proceeding or claim against
    it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or
    the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
    shall be exclusive. Each of the Company and the Right Agent hereby waives any objection to such exclusive jurisdiction and
    that such courts represent an inconvenient forum. Notwithstanding the foregoing, this exclusive forum provision shall not apply
    to suits brought to enforce a duty or liability created by the Securities Exchange Act of 1934 (“Exchange Act”), any
    other claim for which the federal courts have exclusive jurisdiction or any complaint asserting a cause of action arising under the
    Securities Act against us or any of our directors, officers, other employees or agents. Section 27 of the Exchange Act creates exclusive
    federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations
    thereunder. Any such process or summons to be served upon the Company may be served by transmitting a copy thereof by registered
    or certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section 7.2 hereof. Such
    mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim.

 

	 	7.4.	Persons
    Having Rights under this Agreement. Nothing in this Agreement expressed and nothing that may be implied from any of the provisions
    hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties hereto and
    the registered holders of the Rights and, for the purposes of Sections 3.1, 7.4 and 7.8 hereof, EF Hutton, any right, remedy, or
    claim under or by reason of this Agreement or of any covenant, condition, stipulation, promise, or agreement hereof. EF Hutton shall
    be deemed to be a third-party beneficiary of this Agreement with respect to Sections 3.1, 7.4 and 7.8 hereof. All covenants, conditions,
    stipulations, promises, and agreements contained in this Agreement shall be for the sole and exclusive benefit of the parties hereto
    (and EF Hutton with respect to Sections 3.1, 7.4 and 7.8 hereof) and their successors and assigns and of the registered holders of
    the Rights.

 

	 	7.5.	Examination
    of this Agreement. A copy of this Agreement shall be available at all reasonable times at the office of the Right Agent in the
    Borough of Manhattan, City and State of New York, for inspection by the registered holder of any Right. The Right Agent may require
    any such holder to submit his, her or its Right for inspection by it.

 

	 	7.6.	Counterparts.
    This Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all purposes
    be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

	 	7.7.	Effect
    of Headings. The Section headings herein are for convenience only and are not part of this Agreement and shall not affect the
    interpretation thereof.

 

	 	7.8.	Amendments.
    This Agreement may be amended by the parties hereto without the consent of any registered holder for the purpose of curing any ambiguity,
    or of curing, correcting or supplementing any defective provision contained herein or adding or changing any other provisions with
    respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable and that the parties
    deem shall not adversely affect the interest of the registered holders in any material respect. All other modifications or amendments
    shall require the written consent or vote of the registered holders of a majority of the then outstanding Rights. The provisions
    of this Section 7.8 may not be modified, amended or deleted without the prior written consent of EF Hutton.

 

	 	7.9.	Severability.
    This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect
    the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid
    or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Agreement a provision as
    similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

[Signature
Page Follows]

 

    	 

     

    

 

IN
WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first above written.

 

	 	NOVA
    VISION ACQUISITION CORP.
	 	 
	 	By:	 
	 	Name:	Eric
    Ping Hang Wong
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	AMERICAN
    STOCK TRANSFER & TRUST COMPANY, LLC
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Signature
page to Rights Agreement between Nova Vision Acquisition Corp. and

American
Stock Transfer & Trust Company, LLC]

 

    	 

     

    

 

EXHIBIT
A

Form
of RightExhibit 10.1

 

 

STOCK PURCHASE AGREEMENT

 

This Stock Purchase Agreement (the “Agreement”),
effective as of July 15, 2021, is made by and among Technical Communications Corporation,
a Massachusetts corporation with a principal business address set forth on the signature page hereto (the “Company”)
and the individuals set forth on the signature page hereto (each, a “Buyer” and together, the “Buyers”).

 

RECITALS:

 

WHEREAS, subject to the terms and conditions set forth
in this Agreement and pursuant to Section 4(a)(2) of the Securities Act and the rules and regulations promulgated thereunder, the Company
desires to sell shares of the common stock, par value $0.10 per share, of the Company (the “Common Stock”) to the Buyers,
and the Buyers desire to purchase such shares from the Company, on the terms and subject to the conditions set forth herein.

 

NOW, THEREFORE, in consideration of the foregoing and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

 

AGREEMENT:

 

1.       Purchase
and Sale of Shares. On the terms and subject to the conditions set forth in this Agreement, the Company hereby agrees to sell, transfer
and assign to each Buyer, and each Buyer hereby agrees to purchase and acquire from the Company, that number of shares of the Common Stock
of the Company set forth opposite each Buyer’s name on Exhibit A attached hereto and made a part hereof, for the consideration
set forth in Section 2 below. The shares of Common Stock issued to the Buyers pursuant to this Agreement shall be referred to herein as
the “Shares”.

 

2.        Purchase
Price. The consideration for the Shares shall be $4.00 per Share, or $16,000 Dollars in the aggregate (the “Purchase Price”),
which price per Share is equal to the consolidated closing bid price for a share of Common Stock as reported by the Trading Market on
the date hereof. The Purchase Price shall be paid by the Buyers to the Company at Closing (as defined below) by delivery of cash or other
immediately available funds in the amount set forth on Exhibit A for each Buyer to an account designated in writing by the Company.

 

3. Closing. The consummation of the purchase and sale provided
for in this Agreement (the “Closing”) shall take place simultaneously with the execution of this Agreement by the parties,
and shall occur electronically or at such physical location as determined by the parties.

 

4.        Representations
and Warranties of the Company. The Company represents and warrants to each Buyer as follows:

 

(a)       Corporate
Status. The Company is a corporation duly organized, validly existing and in good standing under the laws of the Commonwealth of Massachusetts,
with the requisite power and authority to own and use its properties and assets and to carry on its business as currently conducted. The
Company is not in violation or default of any of the provisions of its articles of organization, bylaws or other organizational or charter
documents. The Company is duly qualified to conduct business and is in good standing as a foreign corporation or other entity in each
jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, except where the
failure to be so qualified or in good standing, as the case may be, could not reasonably be expected to result in a Material Adverse Effect.

 

     

     

    

(b)       Power
and Authority. The Company has full corporate power and authority to execute and deliver this Agreement and the other Transaction
Documents to which it is a party, and to consummate the transactions contemplated hereby and thereby, and has received all necessary approvals
for such transactions from its Board of Directors as required under applicable law. This Agreement and the other Transaction Documents
to which the Company is a party, when executed and delivered by the Company, will constitute the legal, valid and binding obligations
of the Company, enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency,
reorganization, moratorium, or similar laws relating to or affecting generally the enforcement of creditors’ rights and except as
the remedy of specific performance and other equitable relief may be unavailable in certain cases.

 

(c)       No Defaults;
No Consents. Neither the execution, delivery and performance of this Agreement and the other Transactions Documents to which the Company
is a party, nor the consummation of the transactions contemplated hereby and thereby, by the Company will (i) conflict with, result in
a violation or breach of, or constitute a default under any law, regulation, order, writ, injunction or decree of any judicial or governmental
agency or authority applicable to the Company, any provision of the Company’s articles of organization, bylaws or other organizational
or charter documents, or any material contract to which the Company is a party or by which the Company or any of its assets are bound
or subject, or (ii) result in the creation or imposition of any material claim or encumbrance of any nature upon any of the assets of
the Company or the Shares pursuant to the terms of any of the foregoing or otherwise. No notice to, filing with, or consent of any Person
is necessary for the execution, delivery and performance by the Company of this Agreement and the other Transaction Documents to which
the Company is a party, nor the consummation by the Company of the transactions contemplated hereby and thereby, except any notice filings
or SEC Reports as are required to be made following the Closing under applicable federal and state securities laws and the rules and regulations
of the Trading Market for the Shares.

 

(d)       Capitalization;
Issuance of the Shares. The authorized capital stock of the Company consists of 7,000,000 shares of Common Stock, of which 1,850,403
shares (not including the Shares) were issued and outstanding as of its most recently filed SEC Report. The Company has not issued any
capital stock since its most recently filed periodic report under the Exchange Act, other than pursuant to the exercise of employee stock
options under the Company’s stock option and other equity incentive plans. No Person has any right of first refusal, preemptive
right, right of participation, or any similar right to participate in the transactions contemplated by this Agreement. Except as may be
disclosed in the SEC Reports, the issue and sale of the Shares will not obligate the Company to issue shares of Common Stock or other
securities to any Person and will not result in a right of any holder of Company securities to adjust the exercise, conversion, exchange
or other price under such securities. All of the issued and outstanding shares of the Common Stock of the Company have been duly authorized
and validly issued, are fully paid and non-assessable, have been issued in compliance with all federal and state securities laws and requirements
of the Trading Market, and none of such outstanding shares was issued in violation of any preemptive rights or similar rights to subscribe
for or purchase securities. The Shares are duly authorized and, when issued and paid for in accordance with the Transaction Documents,
will be duly and validly issued, fully paid and non-assessable.

 

    	 	2	 

     

    

(e)       SEC Reports;
Financial Statements. The Company has filed or furnished all reports, schedules, forms, statements and other documents required to
be filed or furnished by it under the Securities Act and the Exchange Act (including all required exhibits thereto), including pursuant
to Section 13(a) or 15(d) thereof, for the three years preceding the date hereof (or such shorter period as the Company was required by
law to file such material) (the foregoing materials, as the same may be amended, and including the exhibits thereto and documents incorporated
by reference therein, being collectively referred to herein as the “SEC Reports”), and any notices, reports and other
filings pursuant to the requirements of the applicable Trading Market, on a timely basis or has received a valid extension of such time
of filing and has filed any such SEC Reports and notices, reports or other filings pursuant to applicable requirements of the Trading
Markets prior to the expiration of any such extension. As of their respective dates, the SEC Reports complied in all material respects
with the applicable requirements of the Securities Act and the Exchange Act and the rules and regulations of the Commission promulgated
thereunder, and none of the SEC Reports, when filed, contained any untrue statement of a material fact or omitted to state a material
fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they
were made, not misleading. The financial statements of the Company included in the SEC Reports comply in all material respects with applicable
accounting requirements and the rules and regulations of the Commission with respect thereto as in effect at the time of filing. Such
financial statements (i) have been prepared in accordance with GAAP, except as may be otherwise specified in such financial statements
or the notes thereto and except that unaudited financial statements may not contain all footnotes required by GAAP, and (ii) fairly present
in all material respects the financial position of the Company and its consolidated subsidiary as of and for the dates thereof and the
results of operations and cash flows for the periods then ended, subject, in the case of unaudited statements, to normal, year-end audit
adjustments.

 

(f)       Material
Changes. Since the date of the latest audited financial statements included within the SEC Reports, except as specifically disclosed
in the SEC Reports, (i) there has been no event, occurrence or development that has had or that could reasonably be expected to result
in a Material Adverse Effect, except as has been reasonably cured by the Company, (ii) the Company has not incurred any liabilities (contingent
or otherwise) other than (1) trade payables and accrued expenses incurred in the ordinary course of business consistent with past practice
and (2) liabilities not required to be reflected in the Company’s financial statements pursuant to GAAP or required to be disclosed
in filings made with the Commission, (iii) the Company has not altered its method of accounting except as otherwise required pursuant
to GAAP, (iv) the Company has not declared or made any dividend or distribution of cash or other property to its stockholders or purchased,
redeemed or made any agreements to purchase or redeem any shares of its capital stock and (v) the Company has not issued any equity securities
to any officer, director or Affiliate except pursuant to existing Company stock option and other equity incentive plans or this Agreement.

 

    	 	3	 

     

    

(g)       Compliance.
The Company is not (i) in default under or in violation of (and no event has occurred that has not been waived that, with notice or lapse
of time or both, could reasonably be expected to result in a default by the Company), nor has the Company received notice of a claim that
it is in default under or in violation of, any indenture, loan or credit agreement or any other agreement or instrument to which it is
a party or by which it or any of its properties is bound (whether or not such default or violation has been waived), (ii) in violation
of any order of any court, arbitrator or governmental body, or (iii) in violation of any statute, rule or regulation of any governmental
authority or the Trading Markets, including without limitation all foreign, federal, state and local laws applicable to its business,
except in each case as would not have a Material Adverse Effect.

 

(h)       Listing
and Maintenance Requirements. The Common Stock is registered pursuant to Section 12(g) of the Exchange Act, and the Company has taken
no action designed to, or which to its knowledge is reasonably likely to have the effect of, terminating such registration of the Common
Stock under the Exchange Act, nor has the Company received any notification that the Commission is contemplating terminating such registration.
The Company is, and immediately after the consummation of the transactions contemplated hereby will be, in compliance with all listing
and maintenance requirements of the Trading Market on which the Common Stock is quoted as of the effective date of this Agreement.

 

(i)       Application
of Takeover Protections. The Company and its Board of Directors have taken all necessary action, if any, in order to render inapplicable
any control share acquisition, business combination, poison pill (including any distribution under a rights agreement) or other similar
anti-takeover provision under the Company’s articles of organization (or similar charter documents) and the laws of its state of
incorporation that is or could become applicable to the Buyer as a result of the Buyer and the Company fulfilling their obligations or
exercising their rights under the Transaction Documents, including without limitation the Company’s issuance of the Shares and the
Buyers’ ownership of the Shares.

 

(j)                
Certain Fees. No brokerage or finder’s fees or commissions are or will be payable by the Company to any broker, financial
advisor or consultant, finder, placement agent, investment banker, bank or other Person with respect to the transactions contemplated
by the Transaction Documents. None of the Buyers shall have any obligation with respect to any fees or with respect to any claims made
by or on behalf of other Persons for fees of a type contemplated in this Section 4(j) that may be due in connection with the transactions
contemplated by the Transaction Documents.

 

(k)       Private
Placement; No Integrated Offering. Assuming the accuracy of the Buyers’ representations and warranties set forth in Section
5 below, (i) no registration under the Securities Act is required for the offer and sale of the Shares by the Company to the Buyers as
contemplated hereby, and (ii) neither the Company, nor any of its Affiliates, nor any Person acting on its or their behalf has, directly
or indirectly, made any offers or sales of any security or solicited any offers to buy any security, under circumstances that would cause
this offering of the Shares to be integrated with prior offerings by the Company for purposes of (1) the Securities Act which would require
the registration of any such securities under the Securities Act, or (2) any applicable shareholder approval provisions of any Trading
Market on which any of the securities of the Company are listed or designated.

 

    	 	4	 

     

    

(l)       Disclosure.
None of the representations and warranties of the Company contained herein, nor any statement made by the Company in any disclosure, schedule,
exhibit, certificate or other document furnished or to be furnished to the Buyer in connection herewith, contains or will contain any
untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made therein, in light
of the circumstances under which they were made, not misleading.

 

5.        Representations
and Warranties of the Buyer. Each Buyer, severally and not jointly, represents and warrants to the Company as follows:

 

(a)        Power
and Authority. The Buyer is a bona fide resident of the jurisdiction set forth on Exhibit A to this Agreement, is at least
21 years of age, and is legally competent to execute this Agreement and the other agreements to which he is a party. The Buyer has full
power and authority to execute and deliver this Agreement and the other Transaction Documents to which he is a party and to consummate
the transactions contemplated hereby and thereby. This Agreement and the other Transaction Documents to which the Buyer is a party, when
executed and delivered by the Buyer, will constitute the legal, valid and binding obligations of the Buyer, enforceable in accordance
with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium, or similar
laws relating to or affecting generally the enforcement of creditors’ rights and except as the remedy of specific performance and
other equitable relief may be unavailable in certain cases.

 

(b)       No Defaults.
Neither the execution, delivery and performance of this Agreement and the other Transaction Documents to which the Buyer is a party, nor
the consummation of the transactions contemplated hereby and thereby, by the Buyer will (i) conflict with, result in a violation or breach
of, or constitute a default under any law, regulation, order, writ, injunction or decree of any judicial or governmental agency or authority
applicable to the Buyer, or of any material contract to which the Buyer is a party or by which the Buyer or any of his assets are bound
or subject, or (ii) result in the creation or imposition of any claim or encumbrance of any nature whatsoever upon any of the assets of
the Buyer or the Shares pursuant to the terms of any of the foregoing or otherwise. No notice to, filing with, or consent of any Person
is necessary for the execution, delivery and performance by the Buyer of this Agreement and the other Transaction Documents to which he
is a party, nor the consummation by the Buyer of the transactions contemplated hereby and thereby.

 

(c)       Adequate
Information; Knowledge.

 

(i)       The Buyer
is knowledgeable about and aware of the Company’s business affairs and financial condition, and has all obtained information from
the Company concerning the Company, the Company’s business and the terms and conditions of the purchase and sale of the Shares,
that the Buyer, in the Buyer’s sole discretion, deems necessary regarding the Buyer’s execution, delivery and performance
of this Agreement and the other Transaction Documents to which he is a party and the consummation of the transactions contemplated hereby
and thereby.

 

    	 	5	 

     

    

(ii)       The Buyer
has had the opportunity to (1) examine all documents relating to the Company and the Company’s business, (2) ask questions and receive
answers concerning the Company, the Company’s business and the terms and conditions of the transactions contemplated by this Agreement,
and (3) obtain any additional information, to the extent the Company possesses such information or could acquire such information without
unreasonable effort or expense, necessary to verify the accuracy of any information previously furnished. All such questions have been
answered to the Buyer’s full satisfaction, and all information and documents, records and books pertaining to this investment which
the Buyer has requested have been made available to the Buyer.

 

(iii)       The Buyer
is relying solely on the Buyer’s own decision or the advice of the Buyer’s own adviser(s) with respect to an investment in
the Company and the purchase of the Shares, and has neither received nor relied on any communication from the Company or its officers
or agents regarding any legal, investment or tax advice relating to an investment in the Company and the purchase of the Shares.

 

(d)       Restricted
Shares; Own Account; Accredited Investor. The Buyer understands that the Shares are “restricted securities” and have not
been registered under the Securities Act or applicable U.S. state securities laws or any securities laws of any other jurisdiction, and
are being offered and sold under an exemption from registration provided by such laws and the rules and regulations thereunder. The Buyer
further understands that the certificate(s) representing the Shares shall bear legends referencing the restrictions imposed by the Securities
Act and applicable state securities laws. The Buyer (i) is acquiring the Shares for his own account and not with a view to or for distributing
or reselling such Shares or any part thereof in violation of the Securities Act or any applicable state securities law, (ii) has no present
intention of distributing any of such Shares in violation of the Securities Act or any applicable state securities law, and (iii) has
no direct or indirect arrangement or understanding with any other Persons to distribute or regarding the distribution of such Shares in
violation of the Securities Act or any applicable state securities law (this representation and warranty not limiting the Buyer’s
right to sell the Shares in compliance with applicable federal and state securities laws). The Buyer is an “accredited investor”
as that term is defined in Rule 501(a) promulgated under the Securities Act.

 

6.        Covenants
of the Parties.

 

(a)      Securities Laws Disclosure;
Publicity. The Company shall timely file a Current Report on Form 8-K which attaches as exhibits all agreements relating to this
transaction, in each case reasonably acceptable to the Buyers, disclosing the material terms of the transactions contemplated
hereby.

 

(b)      Shareholders Rights Plan. No claim
will be made or enforced by the Company or, with the consent of the Company, any other Person that any Buyer is an “acquiring person”
or similar designation under any shareholders rights plan or similar plan or arrangement in effect or hereafter adopted by the Company,
or that any Buyer could be deemed to trigger the provisions of any such plan or arrangement, by virtue of receiving Shares under the Transaction
Documents or under any other agreement between the Company and the Buyers.

 

    	 	6	 

     

    

(c)       Integration.
The Company shall not sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in Section
2 of the Securities Act) that would be integrated with the offer or sale of the Shares in a manner that would require the registration
under the Securities Act of the sale of the Shares or that would be integrated with the offer or sale of the Shares for purposes of the
rules and regulations of any Trading Market such that it would require shareholder approval prior to the closing of such other transaction
(unless shareholder approval is obtained before the closing of such subsequent transaction).

 

(d)      Transfer Restrictions; Legends and
Legend Removal.

 

(i)                
The Shares may only be disposed of in compliance with state and federal securities laws. In connection with any transfer of Shares
other than pursuant to an effective registration statement or Rule 144, to the Company or to an Affiliate of any Buyer, the Company may
require the transferor thereof to provide to the Company an opinion of counsel selected by the transferor and reasonably acceptable to
the Company, the form and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer
does not require registration of such transferred Shares under the Securities Act. As a condition of transfer, any such transferee shall
agree in writing to be bound by the terms of this Agreement and shall have the rights and obligations of a Buyer under this Agreement.

 

(ii)             
The Buyers agree to the imprinting, so long as is required by this Section 6(d) of a legend on any of the Shares in substantially
the following form:

 

“THIS SECURITY HAS NOT BEEN REGISTERED WITH THE SECURITIES
AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL
TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.”

 

7.       Closing
Deliveries of the Company. The Company shall deliver to each Buyer at Closing one or more certificates representing the Shares purchased
thereby, or a copy of the irrevocable instructions to the Company’s transfer agent instructing such transfer agent to deliver, on
an expedited basis, such certificate(s) evidencing each Buyer’s Shares, registered in the name of each such Buyer.

 

8.        Closing
Deliveries of the Buyer. The Buyers shall deliver to the Company at Closing the Purchase Price in accordance with Section 2 above.

 

9.       Certain
Definitions:

 

    	 	7	 

     

    

“Affiliate” means any Person that,
directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person as such
terms are used in and construed under Rule 144.

 

“Commission” means the U.S. Securities
and Exchange Commission and any successor thereof.

 

“Exchange Act” means the Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“GAAP” means US. generally accepted
accounting principles.

 

“Material Adverse Effect” means any
condition, event, change or effect that could reasonably be expected to have a material adverse effect on (i) the legality, validity or
enforceability of any Transaction Document, (ii) the results of operations, assets, business, or financial condition of the Company and
its subsidiaries, taken as a whole, or (iii) the Company’s ability to perform in any material respect on a timely basis its obligations
under any Transaction Document, but shall not mean or include any condition, event, change or effect (1) which is or results from events
or occurrences relating to the economy in general (including arising from terrorist attacks, acts of war or civil unrest) or the Company’s
industry in general and not specifically relating to the Company or having a disproportionate impact on the Company, or (2) which results
from the announcement of this Agreement or the transactions contemplated hereby or by the other Transaction Documents.

 

“Person” means an individual, corporation,
partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government
(or an agency or subdivision thereof) or other legal entity of any kind.

 

“Rule 144” means Rule 144 promulgated
by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter
adopted by the Commission having substantially the same effect as such Rule.

 

“Securities Act” means the Securities
Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Trading Market” means whichever of
the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question: the New York Stock
Exchange, the NYSE MKT, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market or the Over-The-Counter Bulletin
Board (or any successors to any of the foregoing).

 

“Transaction Documents” means this
Agreement and any other documents or agreements executed in connection with the transactions contemplated hereunder.

 

10.        Notices.
Any notice or other communication required or permitted hereunder shall be in writing and deemed sufficiently given if delivered personally,
by internationally recognized overnight delivery service, by first class mail (postage prepaid, return receipt requested), or sent by
electronic mail addressed to the address of a party set forth on the signature page hereto. If delivered personally, by overnight delivery
service or by electronic communications, the business day of receipt of the communication shall be the date on which such delivery is
deemed made, and if delivered by mail, five (5) days after the date on which a communication is dispatched shall be the date on which
delivery is deemed made. Any such communication shall bear the date on which it is delivered or deposited in the mail. A party may change
addresses for communications by written notice to the other parties in accordance with this Section 10.

 

    	 	8	 

     

    

11.        Survival
of Representations and Warranties. All covenants, agreements, representations and warranties set forth in this Agreement shall remain
in full force and effect and shall survive the Closing.

 

12.        Necessary
Acts. Each party agrees to perform any further acts and to execute and deliver any documents that may reasonably be necessary to carry
out the provisions of this Agreement.

 

13.        Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be considered an original, and all of which when taken
together shall constitute one and the same instrument.

 

14.        Binding
Effect. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto, their heirs, legal representatives,
successors and permitted assigns.

 

15.        Governing
Law. This Agreement shall be governed by, enforceable under, and construed in accordance with the laws of the Commonwealth of Massachusetts,
without giving effect to the conflict of laws principles thereof.

 

16.        Entire
Agreement; Amendments; Assignment. This Agreement, together with the exhibits, agreements and documents referred to herein (if any),
constitutes the entire agreement among the parties with respect to the subject matter hereof, and supersedes all prior agreements with
respect to the subject matter hereof. This Agreement may not be amended or revised except by a writing signed by the parties, and may
not be assigned by any party without the prior written consent of the others.

 

17.       Construction.
For purposes of this Agreement, the singular shall include the plural, and the masculine gender shall include the feminine and neuter
genders, and vice versa, unless the context requires otherwise. The headings herein are for convenience only, do not constitute a part
of this Agreement and shall not be deemed to limit or affect any of the provisions hereof. The language used in this Agreement will be
deemed to be the language chosen by the parties to express their mutual intent, and no rules of strict construction will be applied against
any party.

 

[Signatures on next page.]

 

    	 	9	 

     

    

IN WITNESS WHEREOF, the undersigned have caused this
Stock Purchase Agreement to be signed as of the date first set forth above.

 

 

 

	BUYERS:	 	COMPANY:
	 	 	 
	 	 	TECHNICAL COMMUNICATIONS CORPORATION
	 	 	 
	 	 	 
	/s/ Ralph M. Norwood	 	By: 	/s/ Michael P. Malone
	Ralph M. Norwood	 	 	Name: Michael M. Malone
	 	 	 	Title: Chief Financial Officer
	 	 	 	Address: 100 Domino Drive
	 	 	 	Concord, MA 01742
	 	 	 	Email: mmalone@tccsecure.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	10	 

     

    

EXHIBIT A

 

Buyers

 

	
    Buyer Name

    and Address

     
	
    Number of Shares

    Purchased
	Consideration
	
     

    Ralph M. Norwood

    c/o Technical Communications Corp.

    100 Domino Drive, Concord, MA 01742

     
	4,000	$16,000
	 	 	 
	 	 	 
	Total:	4,000	$16,000

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