Document:

Exhibit 10.5

 

Execution
Version

 

STOCK AND WARRANT PURCHASE AGREEMENT

 

THIS STOCK AND WARRANT PURCHASE
AGREEMENT (“Agreement”) is made as of August 24, 2021, by and between Stadco New Acquisition, LLC, a Delaware
limited liability company (“Buyer”), TechPrecision Corporation, a Delaware corporation and the parent of Buyer
(“Parent”), and Five Crowns Credit Partners, LLC (“Seller”).

 

RECITALS:

 

WHEREAS, Seller owns 850,000
shares of Series A Preferred Stock (the “Purchased Stock”) and Warrants to purchase shares of Common Stock
of Stadco, a California corporation (the “Company”), equaling an 11% fully diluted equity percentage in the
Company (the “Purchased Warrants” and collectively with the Purchased Stock and any other debt or equity securities,
options or like securities of the Company, the “Purchased Securities”); and

 

WHEREAS, Seller desires to
sell, transfer, assign and convey all right, title and interest Seller has in the Purchased Securities to Buyer, and Buyer has agreed
to purchase the Purchased Securities from Seller.

 

NOW, THEREFORE, in consideration
of the mutual promises and agreements hereinafter set forth, the parties agree as follows:

 

Section 1.            Securities
Purchase; Forgiveness of Fees, Etc.

 

a)          On
the date of Closing, Buyer hereby agrees to purchase from Seller and Seller hereby agrees to sell to Buyer the Purchased Securities for
the following consideration (collectively, the “Consideration”):

 

		(i)	Parent, on behalf of Buyer, shall deliver to Seller an aggregate of 600,000 shares of Parent’s common
stock (the “Consideration Stock”); provided, however, that if the Anniversary Stock Price (as
defined below) of the Consideration Stock is less than $1.40, Parent shall, at its election either, (x) issue additional shares of
Consideration Stock to Seller such that the total number of shares of Consideration Stock to be issued to Seller by Parent multiplied
by the Anniversary Stock Price shall equal $840,000, (y) pay to Seller an amount in cash equal to (A) $1.40 minus the
Annual Stock Price multiplied by (B) the number of shares of Consideration Stock owned by Seller as of the date that is one
year after the date of Closing, which shares must have been continuously owned by Seller from the date of Closing, or (z) a combination
of the foregoing;

 

		(ii)	Parent, on behalf of Buyer, shall issue to Seller a warrant in the form of Exhibit A attached
hereto (the “Warrant”), providing Seller the right to purchase up to 100,000 shares of Parent’s common
stock at the Exercise Price, and

 

		(iii)	Buyer agrees to reimburse Seller, at the Closing, for its reasonable out-of-pocket legal expenses incurred
in connection with the transactions set forth herein up to an amount not to exceed $27,500.

 

    

     

    

 

For purposes hereof, “Average
Price” means the average of the closing price of Parent’s common stock over the 10 trading days prior to the applicable
measurement date.

 

For purposes hereof, “Anniversary
Stock Price” means the Average Price measured as of the date that is one year after the date of the Closing.

 

For purposes hereof, “Exercise
Price” means the Average Price measured as of the date of Closing.

 

b)          At
the Closing, Seller will forgive any and all management fees, interest, dividends, late fees, penalties, and unreimbursed expenses owed
to it by the Company.

 

Section 2.           Representations
and Warranties of Seller. Seller hereby represents to Buyer and Parent, effective as of the time
of execution of this Agreement and as of Closing (as defined below), as follows:

 

a)           that
it has the power and authority to enter into this Agreement, carry out its obligations hereunder, and consummate the transactions contemplated
hereby, and that this Agreement is a valid and binding obligation of Seller, has been duly authorized by all requisite action on the part
of the Seller, and is enforceable in accordance with its terms, except to the extent that enforcement may be affected by laws relating
to bankruptcy, reorganization, insolvency, and similar laws affecting creditors’ rights and by the availability of injunctive relief,
specific performance, and other equitable remedies;

 

b)          that
the Purchased Securities are owned and held by Seller, free and clear of all security interests, liens, claims, encumbrances and restrictions
of any kind and that the Purchased Securities constitute all of its interests in or with respect to the Company, including any debt securities,
equity securities, fees, debts, interest, dividends or any other interests in the Company or its securities;

 

c)          that
the Purchased Securities constitute the entire interest and claims upon the Company owned by Seller and, that from and after the Closing,
Seller shall hold no other equity interest or indebtedness, management fees, interest, dividends, late fees, penalties, or unreimbursed
expenses owed to it by the Company;

 

d)          that
the execution and delivery of this Agreement by Seller does not, and the consummation of the transactions contemplated hereby will not,
(i) violate any provision of, or result in the creation of any lien under, any contract or agreement to which such Seller is a party
or by which any of Seller’s assets or properties are bound; (ii) violate any order, arbitration award, judgment, writ, injunction,
decree, statute, rule or regulation applicable to Seller; or (iii) violate any other contractual or legal obligation or restriction
to which Seller is subject;

 

e)          that
no claim, action, suit, proceeding, or governmental investigation (collectively, “Action”) of any nature is
pending or, to Seller’s knowledge after due inquiry, threatened against or by Seller (a) relating to or affecting the Purchased
Securities; or (b) that challenges or seeks to prevent, enjoin, or otherwise delay the transactions contemplated by this Agreement.
No event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action;

 

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f)           that
Seller has not entered into any agreement (other than this Agreement), including without limitation, term sheets or commitment letters,
to sell the Purchased Securities;

 

g)          that
Seller has not engaged any broker, agent, finder, or other representative such that Buyer or the Company will be liable for any fee or
commission in connection with the transactions contemplated by this Agreement;

 

h)          that
Seller is acquiring the Consideration Stock, the Warrant and the shares of Parent common stock purchasable upon exercise the Warrant (the
 “Warrant Shares”) solely for its own account for investment purposes and not with a view to, or for offer or
sale in connection with, any distribution thereof. Seller acknowledges that the Consideration Stock, the Warrant and the Warrant Shares
are not being offered and sold in a transaction registered under the Securities Act of 1933, as amended (the “Securities Act”),
or registered under any state securities laws, and, accordingly, that the Consideration Stock, the Warrant and the Warrant Shares may
not be transferred or sold except pursuant to the registration provisions of the Securities Act, or pursuant to an applicable exemption
therefrom, and subject to state securities laws and regulations, as applicable. Seller is able to bear the economic risk of holding the
Consideration Stock, the Warrant and the Warrant Shares for an indefinite period (including total loss of its investment) and has sufficient
knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risk of its investment;

 

i)           that
Seller is familiar with Parent’s business, management, and financial affairs, and the terms and conditions of the Consideration
Stock, the Warrant and the Warrant Shares, that Seller has had access to information about Parent and Parent’s financial condition,
results of operations, business, properties, management and prospects sufficient to enable Seller to evaluate Seller’s investment;
and that Seller has had the opportunity to obtain such additional information that Parent possesses or can acquire without unreasonable
effort or expense that is necessary to make an informed investment decision with respect to the investment;

 

j)            that
Seller is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act; and

 

k)          that
Seller understands that the Consideration Stock, the Warrant and the Warrant Shares are being offered and sold to it in reliance on specific
exemptions from the registration requirements of United States federal and state securities laws and that Parent is relying in part upon
the truth and accuracy of, and such Seller’s compliance with, the representations, warranties, agreements, acknowledgments and understandings
of Seller set forth herein in order to determine the availability of such exemptions and the eligibility of Seller to acquire the Consideration
Stock, the Warrant and the Warrant Shares.

 

Section 3.           Representations
and Warranties of Buyer. Parent and Buyer each represents and warrants to Seller, effective as
of the time of execution of this Agreement and as of Closing, as follows:

 

a)           that
it has the power and authority to enter into this Agreement and that this Agreement is a valid and binding obligation of Parent and Buyer,
enforceable in accordance with its terms, except to the extent that enforcement may be affected by laws relating to bankruptcy, reorganization,
insolvency, and similar laws affecting creditors’ rights and by the availability of injunctive relief, specific performance, and
other equitable remedies;

 

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b)          that
the execution and delivery of this Agreement by Parent and Buyer does not, and the consummation of the transactions contemplated hereby
will not, (i) violate any provision of, or result in the creation of any lien under, any contract or agreement to which Parent or
Buyer is a party or by which any of Parent’s or Buyer’s assets or properties are bound; (ii) violate any order, arbitration
award, judgment, writ, injunction, decree, statute, rule or regulation applicable to Parent or Buyer; or (iii) violate any other
contractual or legal obligation or restriction to which Parent or Buyer is subject;

 

c)          that
no Action of any nature is pending or, to Parent’s or Buyer’s knowledge after due inquiry, threatened against or by Parent
or Buyer that challenges or seeks to prevent, enjoin, or otherwise delay the transactions contemplated by this Agreement. No event has
occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action;

 

d)          that
neither Parent nor Buyer has engaged any broker, agent, finder, or other representative such that Seller will be liable for any fee or
commission in connection with the transactions contemplated by this Agreement;

 

e)          that
Buyer is acquiring the Purchased Securities solely for its own account for investment purposes and not with a view to, or for offer or
sale in connection with, any distribution thereof. Buyer acknowledges that the Purchased Securities are being offered and sold in a transaction
registered under the Securities Act, or registered under any state securities laws, and that the Purchased Securities may not be transferred
or sold except pursuant to the registration provisions of the Securities Act, or pursuant to an applicable exemption therefrom, and subject
to state securities laws and regulations, as applicable. Buyer is able to bear the economic risk of holding the Purchased Securities for
an indefinite period (including total loss of its investment) and has sufficient knowledge and experience in financial and business matters
so as to be capable of evaluating the merits and risk of its investment;

 

f)           that
Parent and Buyer is familiar with Company’s business, management, and financial affairs, and the terms and conditions of the Purchased
Securities;

 

g)           that
Parent and Buyer understands that no public market now exists for the Purchased Securities and that Seller has made no assurances that
a public market will ever exist for the Purchased Securities; and

 

h)          that
Buyer is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act.

 

Section 4.           Survival/Indemnification.

 

a)          All
covenants and agreements contained in this Agreement shall survive (and not be affected in any respect by) the Closing.

 

b)          Parent
and Buyer, jointly and severally, on one hand, and Seller, on the other hand (the “Indemnifying Party”) shall
indemnify the other party and its equityholders, members, partners, managers, officers, agents, employees, affiliates, successors and
assigns (the “Indemnified Parties”), as applicable, from, against and in respect of the amount of any and all
losses, damages, liabilities, judgments, settlements, costs, expenses and claims (including reasonable attorneys’ fees and disbursements)
(collectively, “Losses”) sustained by an Indemnified Party and arising out of, based on or resulting from any
misrepresentation, breach of warranty or any non-fulfillment of any representation, warranty, covenant, obligation or agreement on the
part of the Indemnifying Party contained in or made pursuant to this Agreement. For purposes hereof, “Losses” shall not include
punitive or exemplary damages except in the case of the Indemnifying Party’s fraud, or to the extent actually awarded to a governmental
authority or other third party.

 

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c)          The
parties acknowledge and agree that their sole and exclusive remedy with respect to any and all claims (other than claims arising from
fraud on the part of a party hereto) for breaches of representations and warranties contained herein shall be pursuant to the indemnification
provisions set forth in this Section 4.

 

d)          All
indemnification payments made under this Agreement shall be treated by the parties as an adjustment to the Consideration for tax purposes,
unless otherwise required by applicable law.

 

Section 5.           Heirs,
Successors and Assigns. Each and all covenants, terms, provisions and agreements herein contained shall be binding upon and inure
to the benefit of the parties hereto and, to the extent permitted by this Agreement, their respective devisees, heirs, legal representatives,
successors and assigns.

 

Section 6.            The
Closing; Termination.

 

a)          The
Closing.

 

(i)            The
parties agree that the sale of the Purchased Securities provided for herein (the “Closing”) shall be effective
as of 11:59 p.m. on the day before, and will be conditioned upon, the closing (the “Stock Purchase Closing”)
under the Stock Purchase Agreement, dated as of October 16, 2020 (the “Stadco Stock Purchase Agreement”)
by and among Parent, Buyer, the Company, Stadco Acquisition, LLC, the Stockholders listed therein, and Douglas A. Paletz, as stockholders
representative.

 

(ii)          At
Closing, Seller will deliver to Buyer (i) an executed Stock Power transferring the Purchased Stock to Buyer in the form attached
hereto as Exhibit B; (ii) an Assignment of Warrants transferring the Purchased Warrants to Buyer in the form attached
hereto as Exhibit C; and (iii) all other agreements, instruments and documents required to be delivered by Seller under
this Agreement or which counsel for Buyer or the Company may reasonably request for the purpose of closing this Agreement.

 

(iii)         At
Closing, Buyer shall pay and deliver to Seller the Consideration, and shall deliver all other instruments and documents required to be
delivered by Buyer under this Agreement or which Seller may reasonably request for the purpose of closing this Agreement.

 

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(iv)          After
the Closing, each party will execute and deliver such further certificates, agreements and other documents and take such other actions
as another party may reasonably request or as may be necessary or appropriate to consummate or implement the transactions contemplated
by this Agreement or to evidence such events or matters; provided, however, that no party shall be required to execute an amendment hereof
or to waive any of its rights or any breach hereunder.

 

(b)        Termination.
This Agreement may be terminated and the transactions contemplated hereby may be abandoned at any time prior to the Closing:

 

(i)     
         by mutual written consent of the Seller and the Buyer
without liability of any party to the other parties;

 

(ii)            by
either the Seller or the Buyer, without liability of any party to the other parties, if there shall be any law that makes consummation
of the transactions contemplated hereby illegal or otherwise prohibited or if any order enjoining the Buyer, the Seller, or Parent from
consummating the transactions contemplated hereby is entered and such order shall not have been vacated or stayed within thirty (30)
days of the entry thereof;

 

(iii)            by
the Buyer, without liability, if (x) at any time there has been a misrepresentation, breach of warranty or breach of covenant on
the part of the Seller in any of the representations, warranties or covenants under this Agreement which breach is not curable, or, if
curable, is not cured within ten (10) days after written notice of such breach is given to the Seller; or (y) the Stock Purchase
Closing shall not have occurred by December 31, 2021 or is otherwise incapable of occurring by such date;

 

(iv)            by
the Seller, without liability, if (x) at any time there has been a misrepresentation, breach of warranty or breach of covenant on
the part of the Parent or Buyer in any of the representations, warranties or covenants under this Agreement which breach is not curable,
or, if curable, is not cured within ten (10) days after written notice of such breach is given to the Parent or Buyer, as applicable;
or (y) the Stock Purchase Closing shall not have occurred by September 30, 2021 or is otherwise incapable of occurring by such
date unless, in either case, such failure has been substantially caused by the failure of Seller to perform or comply with any of the
covenants, agreements or conditions hereof; or

 

(v)            by
the Buyer if either of the following agreements are terminated or expire by their terms prior to the Closing: (x) the Stadco Stock
Purchase Agreement or (y) that certain Amended and Restated Loan Purchase Agreement, dated as of April 23, 2021, among Acquisition
Sub, Sunflower Bank, N.A., Stadco, Stadco Acquisition, LLC and Stadco Mexico, Inc.

 

Section 7.            Registration
Rights.

 

(a)         If,
at any time during the Effectiveness Period, there is not an effective registration statement covering the sale of all of the Registrable
Securities (a “Registration Statement”) and Parent shall determine to prepare and file with the Commission a
registration statement relating to an offering for its own account or the account of others under the Securities Act of any of its equity
securities, other than on Form S-4 or Form S-8 (each as promulgated under the Securities Act) or their then-equivalents relating
to equity securities to be issued solely in connection with any acquisition of any entity or business or equity securities issuable in
connection with Parent’s stock option or other employee benefit plans, then Parent shall deliver to the Seller a written notice
of such determination and, if within 15 days after the date of the delivery of such notice, the Seller shall so request in writing, Parent
shall include in such registration statement all or any part of such Registrable Securities the Seller requests to be registered; provided,
however, that Parent shall not be required to register the sale of any Registrable Securities pursuant to this Section 7(a) that
are eligible for resale pursuant to Rule 144 (without volume restrictions or current public information requirements) promulgated
by the Commission pursuant to the Securities Act or that are the subject of a then effective Registration Statement that is available
for resales or other dispositions by the Seller.

 

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(b)         For
purposes of this Agreement:

 

(i)          “Registrable
Securities” means the Consideration Stock, any common stock issued pursuant to the Warrant and any common stock of Parent
issued as (or issuable upon the conversion or exercise of any warrant, right or other security that is issued as) a dividend or other
distribution with respect to, or in exchange for or in replacement of, any Consideration Stock or any common stock issued pursuant to
the Warrant.

 

(ii)          “Effectiveness
Period” means the period ending on the earlier of (x) the date on which all Registrable Securities may be sold pursuant
to Rule 144 during any three-month period without the requirement for Parent to be in compliance with the current public information
required under Rule 144(c) or (y) such time as all Registrable Securities have been sold pursuant to a registration statement
or Rule 144.

 

(c)         Parent
shall:

 

(i)     
      notify the Seller promptly upon the Registration Statement and each post-effective amendment thereto
being declared effective by the Commission and advise the Seller that the form of Prospectus contained in the Registration Statement
or post-effective amendment thereto, as the case may be, at the time of effectiveness meets the requirements of
Section 10(a) of the Securities Act or that it intends to file a Prospectus pursuant to Rule 424(b) under the
Securities Act that meets the requirements of Section 10(a) of the Securities Act;

 

(ii)        furnish
to the Seller with respect to the Registrable Securities registered under the Registration Statement such number of copies of the Registration
Statement and the Prospectus (including supplemental prospectuses) filed with the Commission in conformance with the requirements of the
Securities Act and other such documents as the Seller may reasonably request, in order to facilitate the public sale or other disposition
of all or any of the Registrable Securities by the Seller;

 

(iii)          if
necessary, register or qualify the Registrable Securities under applicable state securities or “blue sky” laws and make any
related filings;

 

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(iv)         pay
the expenses incurred by Parent and the Seller in complying with this Section 7, including, all registration and filing fees,
FINRA fees, exchange listing fees, printing expenses, fees and disbursements of counsel for Parent, blue sky fees and expenses and the
expense of any special audits incident to or required by any such registration (but excluding attorneys’ fees of the Seller and
any and all underwriting discounts and selling commissions applicable to the sale of Registrable Securities by the Seller);

 

(v)         advise
the Seller promptly after it shall receive notice or obtain knowledge of the issuance of any stop order by the Commission delaying or
suspending the effectiveness of the Registration Statement or of the initiation of any proceeding for that purpose; and it will promptly
use its reasonable best efforts to prevent the issuance of any stop order or to obtain its withdrawal at the earliest possible moment
if such stop order should be issued; and

 

(vi)         notify
the Seller and each distributor of Registrable Securities identified by the Seller of the occurrence of any event as a result of which
the Prospectus included in the Registration Statement contains an untrue statement of a material fact or omits a material fact necessary
to make the statements therein, in light of the circumstances under which they were made, not misleading, and, at the request of the Seller,
Parent shall use commercially reasonable efforts to prepare, as soon as practical, a supplement or amendment to such Prospectus so that,
as thereafter delivered to any prospective purchasers of Registrable Securities, such Prospectus shall not contain an untrue statement
of a material fact or omit to state any material fact necessary to make the statements therein, in light of the circumstances under which
they were made, not misleading.

 

(d)         Parent
understands that the Seller disclaims being an underwriter, but acknowledges that a determination by the Commission that the Seller is
deemed an underwriter shall not relieve Parent of any obligations it has hereunder. Parent will not name the Seller as an underwriter
in a Registration Statement or Prospectus with the Seller’s prior written consent.

 

Section 8.           Transfer
of Shares of Consideration Stock. Certificates or electronic book-entries evidencing the Consideration
Stock shall not contain any legend: (i) while a registration statement covering the resale of such securities by Seller or any transferees
of Seller is effective under the Securities Act, so long as Seller provides a customary representation letter, in a form reasonably satisfactory
to Parent and its legal counsel, or (ii) following any sale of such shares of Consideration Stock pursuant to Rule 144. Parent
shall cause its counsel to promptly issue a legal opinion to Parent’s transfer agent (the “Transfer Agent”)
or Seller if required by the Transfer Agent to effect the removal of the legend hereunder in connection with the transfer of such shares
of Consideration Stock. If a legend is not required pursuant to the foregoing, Parent shall no later than two (2) Business Days following
the delivery by Seller to Parent or the Transfer Agent (with notice to Parent) of a legended certificate representing such shares of Consideration
Stock (endorsed or with stock powers attached, signatures guaranteed, and otherwise in form necessary to affect the reissuance and/or
transfer, if applicable), together with any other deliveries from Seller as may be reasonably required above in this Section 8,
as directed by Seller, either: (A) if the Transfer Agent is participating in the DTC Fast Automated Securities Transfer Program,
credit the aggregate number of shares of Consideration Stock to which Seller shall be entitled to Seller’s or its transferee’s
balance account with DTC through its Deposit/Withdrawal at Custodian system or (B) if the Transfer Agent is not participating in
the DTC Fast Automated Securities Transfer Program, issue and deliver (via reputable overnight courier) to Seller or its transferee a
certificate representing such shares of Consideration Stock that is free from all restrictive and other legends, registered in the name
of Seller or its transferee. Parent shall be responsible for any transfer agent fees or DTC fees with respect to any issuance of shares
of Consideration Stock or the removal of any legends with respect to any shares of Consideration Stock in accordance herewith.

 

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Section 9.           Release.

 

(a)         Effective
as of the Closing, Seller, on Seller’s own behalf and on behalf of Seller’s affiliates, including without limitation derivatively,
to the fullest extent legally possible, hereby completely and forever releases, waives and discharges, and shall be forever precluded
from asserting, any and all claims, obligations, suits, judgments, damages, demands, debts, rights, causes of action and liabilities (including
but not limited to management fees, interest, dividends, late fees, penalties, and unreimbursed expenses), of any kind or nature, whether
liquidated or unliquidated, fixed or contingent, matured or unmatured, known or unknown, foreseen or unforeseen, whether or not hidden
or concealed, then existing in law, equity or otherwise, that Seller and its affiliates, including without limitation derivatively, to
the fullest extent legally possible, has, had or may have against the Company, their respective subsidiaries and affiliates and their
respective present or former directors, officers, employees, management, predecessors, successors, members, attorneys, accountants, underwriters,
investment bankers, financial advisors, appraisers, representatives and agents acting in such capacity, that are based in whole or in
part on any act, omission, transaction or other occurrence taking place on or prior to or at the Closing, other than any rights under
this Agreement to which Seller is entitled. In making this waiver, Seller acknowledges that it may hereafter discover facts in addition
to or different from those which Seller now believes to be true with respect to the subject matter released herein, but agrees that Seller
has taken that possibility into account in reaching this Agreement and as to which Seller expressly assumes the risk.

 

(b)         Seller
acknowledges that it is familiar with the provisions of California Civil Code Section 1542, which provides as follows:

 

A general release does not extend to
claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release
and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party.

 

Seller,
being aware of California Civil Code Section 1542, hereby expressly waives any right such party or its affiliates may have thereunder,
as well as under any other statute or common law principle of similar effect.

 

Section 10.         Counterparts.
This Agreement may be executed in counterparts, and any number of counterparts signed in the aggregate by the parties will constitute
a single, original instrument. In the event that any signature is delivered by an e-mail containing a portable document format (.pdf)
file of an executed signature page, such signature page shall create a valid and binding obligation of the party executing (or on
whose behalf such signature is executed) with the same force and effect as if such signature page were an original thereof.

 

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Section 11.         Choice
of Law; Venue. This Agreement will be governed by and construed in accordance with the law of the State of Delaware without giving
effect to its choice of law principles.

 

Section 12.       Waiver
of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHTS IT MAY HAVE TO DEMAND THAT ANY ACTION, PROCEEDING
OR COUNTERCLAIM ARISING OUT OF OR IN ANY WAY RELATED TO THIS AGREEMENT OR THE RELATIONSHIPS OF THE PARTIES HERETO BE TRIED BY JURY. THIS
WAIVER EXTENDS TO ANY AND ALL RIGHTS TO DEMAND A TRIAL BY JURY ARISING FROM ANY SOURCE INCLUDING, BUT NOT LIMITED TO, THE CONSTITUTION
OF THE UNITED STATES OR ANY STATE THEREIN, COMMON LAW OR ANY APPLICABLE STATUTE OR REGULATIONS. EACH PARTY HERETO ACKNOWLEDGES THAT IT
IS KNOWINGLY AND VOLUNTARILY WAIVING ITS RIGHTS TO DEMAND TRIAL BY JURY.

 

Section 13.       Modification
and Amendment. This Agreement may not be modified, amended, supplemented, canceled or discharged,
except by written instrument executed by all of the parties hereto and the parties hereby waive any right to modify, amend, supplement
cancel or discharge this agreement by any means other than a written instrument executed by all of the parties hereto.

 

Section 14.         Further
Assurances. The parties agree to execute any and all documents and to take any and all actions reasonably necessary to effectuate
and complete the transactions described and contemplated in this Agreement at any time and from time to time, on or after the date of
this Agreement.

 

Section 15.         Entire
Agreement. This Agreement and the documents to be delivered hereunder constitute the sole and entire agreement of the parties to this
Agreement with respect to the subject matter contained herein, and supersede all prior and contemporaneous understandings and agreements,
both written and oral, with respect to such subject matter.

 

Section 16.       Expenses.
Other than as set forth in Section 1(iii), each party will pay all costs and expenses incident to its negotiation and preparation
of this Agreement and to its performance and compliance with all agreements and conditions contained herein on its part to be performed
or complied with, including the fees, expenses, and disbursements of its counsel and independent public accountants.

 

Section 17.         No
Third Party Beneficiaries. Except (i) as provided in Section 4 and (ii) that Parent shall be an express third-party
beneficiary of Seller’s representations and warranties, this Agreement is for the sole benefit of the parties hereto and their respective
successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other person or entity
any legal or equitable right, benefit, or remedy of any nature whatsoever under or by reason of this Agreement.

 

[Signature page follows]

 

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IN
WITNESS WHEREOF, the parties have executed and delivered this Stock and Warrant Purchase Agreement effective as of the date
first written above.

 

	SELLER:	 
	 	 
	FIVE CROWNS CREDIT PARTNERS, LLC	 
	 	 
	 	 
	By:	/s/ Christopher D. Taylor	 
	Name: Christopher D. Taylor	 
	Its: Managing Member	 
	 	 
	BUYER:	 
	 	 
	STADCO
NEW ACQUISITION, LLC	 
	 	 
	 	 
	By:	/s/ Alexander Shen	 
	Name: Alexander Shen	 
	Its: Chief Executive Officer and Secretary	 
	 	 
	PARENT:	 
	 	 
	TECHPRECISION CORPORATION	 
	 	 
	 	 
	By:	/s/ Alexander Shen	 
	Name: Alexander Shen	 
	Its: Chief Executive Officer	 

 

    

     

    

 

Exhibit A

 

WARRANT

 

(attached)

 

    

     

    

 

Exhibit B

 

STOCK POWER

 

(attached)

 

    

     

    

 

Exhibit C

 

ASSIGNMENT OF WARRANTS

 

(attached)Exhibit 10.6

 

TECHPRECISION CORPORATION

 

WARRANT

 

THIS WARRANT AND THE SECURITIES ISSUABLE UPON
EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR QUALIFIED
UNDER ANY STATE OR FOREIGN SECURITIES LAWS AND MAY NOT BE OFFERED FOR SALE, SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED
OR ASSIGNED UNLESS (I) A REGISTRATION STATEMENT COVERING THE RESALE OF SUCH SHARES IS EFFECTIVE UNDER THE ACT AND IS QUALIFIED UNDER
APPLICABLE STATE AND FOREIGN LAW OR (II) THE TRANSACTION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS UNDER
THE ACT AND THE QUALIFICATION REQUIREMENTS UNDER APPLICABLE STATE AND FOREIGN LAW AND, IF THE COMPANY REQUESTS, AN OPINION SATISFACTORY
TO THE COMPANY TO SUCH EFFECT HAS BEEN RENDERED BY COUNSEL.

 

Warrant Certificate No.: A-1

 

Original Issue Date: August 24, 2021

 

FOR VALUE RECEIVED, TechPrecision Corporation,
a Delaware corporation (the “Company”), hereby certifies that Five Crowns Credit Partners, LLC (the “Holder”)
is entitled to purchase from the Company 100,000 duly authorized, validly issued, fully paid and nonassessable shares of Common Stock
at a purchase price per share of $1.43 (the “Exercise Price”), all subject to the terms, conditions and adjustments
set forth below in this Warrant. Certain capitalized terms used herein are defined in Section 1 hereof.

 

1.            Definitions.
As used in this Warrant, the following terms have the respective meanings set forth below:

 

“Aggregate Exercise
Price” means an amount equal to the product of (a) the number of Warrant Shares in respect of which this Warrant is then
being exercised pursuant to Section 3 hereof, multiplied by (b) the Exercise Price.

 

“Board” means
the board of directors of the Company.

 

“Business Day”
means any day, except a Saturday, Sunday or legal holiday, on which banking institutions in the city of New York, New York are authorized
or obligated by law or executive order to close.

 

“Common Stock”
means the common stock, par value $0.001 per share, of the Company, and any capital stock into which such Common Stock shall have been
converted, exchanged or reclassified following the date hereof.

 

“Company”
has the meaning set forth in the preamble.

 

“Exercise Date”
means, for any given exercise of this Warrant, the date on which the conditions to such exercise as set forth in Section 3 shall
have been satisfied at or prior to 5:00 p.m., New York, New York time, on a Business Day, including, without limitation, the receipt by
the Company of the Exercise Agreement, the Warrant and the Aggregate Exercise Price.

 

“Exercise Agreement”
has the meaning set forth in Section 3(a)(i).

 

“Exercise Period”
has the meaning set forth in Section 2.

 

“Exercise Price”
has the meaning set forth in the preamble.

 

     

     

    

 

“Fair Market Value”
means, as of any particular date: (a) the closing sales price of the Common Stock for such day on the primary domestic securities
exchange on which the Common Stock may at the time be listed; (b) if there have been no sales of the Common Stock on such exchange
on any such day, the average of the highest bid and lowest asked prices for the Common Stock on such exchange at the end of such day;
(c) if on any such day the Common Stock is not listed on a domestic securities exchange, the closing sales price of the Common Stock
as quoted on the OTCQX Best Market, the OTCQB Venture Market, the OTC Pink Open Market or similar quotation system or association for
such day; or (d) if there have been no sales of the Common Stock on the OTCQX Best Market, the OTCQB Venture Market, the OTC Pink
Open Market or similar quotation system or association on such day, the average of the highest bid and lowest asked prices for the Common
Stock quoted on the OTCQX Best Market, the OTCQB Venture Market, the OTC Pink Open Market or similar quotation system or association at
the end of such day; in each case, averaged over twenty (20) consecutive Business Days ending on the Business Day immediately prior to
the day as of which “Fair Market Value” is being determined; provided, that if the Common Stock is listed on any domestic
securities exchange, the term “Business Day” as used in this sentence means Business Days on which such exchange is
open for trading. If at any time the Common Stock is not listed on any domestic securities exchange or quoted on the OTCQX Best Market,
the OTCQB Venture Market, the OTC Pink Open Market or similar quotation system or association, the “Fair Market Value”
of the Common Stock shall be the fair market value per share as determined jointly by the Board and the Holder; provided, that
if the Board and the Holder are unable to agree on the fair market value per share of the Common Stock within a reasonable period of time
(not to exceed 30 days from the Company’s receipt of the Exercise Agreement), such fair market value shall be determined, in accordance
with the valuation principles set forth in the following paragraph, by a nationally recognized investment banking, accounting or valuation
firm selected by the Company and reasonably satisfactory to the Holder. The determination of such firm (made in accordance with the valuation
principles set forth in the following paragraph) shall be final and conclusive, and the fees and expenses of such valuation firm shall
be borne by the Company.

 

“Holder”
has the meaning set forth in the preamble.

 

“Person”
means any individual, sole proprietorship, partnership, limited liability company, corporation, joint venture, trust, incorporated organization
or government or department or agency thereof.

 

“Warrant”
means this Warrant and all warrants issued upon division or combination of, or in substitution for, this Warrant.

 

“Warrant Shares”
means the shares of Common Stock or other capital stock of the Company purchasable upon exercise of this Warrant in accordance with the
terms of this Warrant.

 

2.           Term
of Warrant. Subject to the terms and conditions hereof, at any time or from time to time after the date hereof and prior to
5:00 p.m., New York, New York time, on August 24, 2024 or, if such day is not a Business Day, on the next preceding Business Day
(the “Exercise Period”), the Holder of this Warrant may exercise this Warrant for all or any part of the Warrant Shares
purchasable hereunder.

 

3.            Exercise
of Warrant.

 

(a)           Exercise
Procedure. This Warrant may be exercised from time to time on any Business Day during the Exercise Period, for all or any part of
the unexercised Warrant Shares, upon:

 

(i)            surrender
of this Warrant to the Company at its then principal executive offices (or an indemnification undertaking with respect to this Warrant
in the case of its loss, theft or destruction), together with an Exercise Agreement in the form attached hereto as Exhibit A
(each, an “Exercise Agreement”), duly completed (including specifying the number of Warrant Shares to be purchased)
and executed; and

 

    	 	2	 

     

    

 

(ii)          payment
to the Company of the Aggregate Exercise Price in accordance with Section 3(b).

 

(b)           Payment
of the Aggregate Exercise Price. Payment of the Aggregate Exercise Price shall be made, at the option of the Holder as expressed in
the Exercise Agreement, by the following methods:

 

(i)           by
payment in cash by wire transfer of immediately available funds to an account designated in writing by the Company, in the amount of such
Aggregate Exercise Price;

 

(ii)          by
instructing the Company to withhold a number of Warrant Shares then issuable upon exercise of this Warrant with an aggregate Fair Market
Value as of the Exercise Date equal to such Aggregate Exercise Price; or

 

(iii)           any
combination of the foregoing.

 

In the event of any withholding
of Warrant Shares pursuant to clause (ii) or (iii) above where the number of shares whose value is equal to the Aggregate Exercise
Price is not a whole number, the number of shares withheld by the Company shall be rounded down to the nearest whole share.

 

(c)          Delivery
of Stock Certificates. Upon receipt by the Company of the Exercise Agreement, surrender of this Warrant and payment of the Aggregate
Exercise Price (in accordance with Section 3(a) hereof), the Company shall, as promptly as practicable, and in any event within
10 Business Days thereafter, execute (or cause to be executed) and deliver (or cause to be delivered) to the Holder a certificate or certificates
representing the Warrant Shares issuable upon such exercise, together with cash in lieu of any fraction of a share, as provided in Section 3(d) hereof.
The stock certificate or certificates so delivered shall be, to the extent possible, in such denomination or denominations as the exercising
Holder shall reasonably request in the Exercise Agreement and shall be registered in the name of the Holder or, subject to compliance
with Section 4 below, such other Person’s name as shall be designated in the Exercise Agreement. This Warrant shall be deemed
to have been exercised and such certificate or certificates of Warrant Shares shall be deemed to have been issued, and the Holder or any
other Person so designated to be named therein shall be deemed to have become a holder of record of such Warrant Shares for all purposes,
as of the Exercise Date.

 

(d)          Fractional
Shares. The Company shall not be required to issue a fractional Warrant Share upon exercise of any Warrant. As to any fraction of
a Warrant Share that the Holder would otherwise be entitled to purchase upon such exercise, but rather the number of Warrant Shares
to be issued shall be rounded to the nearest whole number.

 

(e)         Delivery
of New Warrant. Unless the purchase rights represented by this Warrant shall have expired or shall have been fully exercised, the
Company shall, at the time of delivery of the certificate or certificates representing the Warrant Shares being issued in accordance with
Section 3(c) hereof, deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase the unexpired and unexercised
Warrant Shares called for by this Warrant. Such new Warrant shall in all other respects be identical to this Warrant.

 

(f)           Valid
Issuance of Warrant and Warrant Shares; Payment of Taxes. With respect to the exercise of this Warrant, the Company hereby represents,
covenants and agrees:

 

(i)            This
Warrant is, and any Warrant issued in substitution for or replacement of this Warrant shall be, upon issuance, duly authorized and validly
issued.

 

(ii)            All
Warrant Shares issuable upon the exercise of this Warrant pursuant to the terms hereof shall be, upon payment of the exercise price and
issuance, and the Company shall take all such actions as may be necessary or appropriate in order that such Warrant Shares are, validly
issued, fully paid and non-assessable, issued without violation of any preemptive or similar rights of any stockholder of the Company
and free and clear of all taxes, liens and charges.

 

    	 	3	 

     

    

 

(iii)            The
Company shall take all such actions as may be necessary to ensure that all such Warrant Shares are issued without violation by the Company
of any applicable law or governmental regulation or any requirements of any domestic securities exchange upon which shares of Common Stock
or other securities constituting Warrant Shares may be listed at the time of such exercise (except for official notice of issuance which
shall be immediately delivered by the Company upon each such issuance).

 

(iv)            The
Company shall use its best efforts to cause the Warrant Shares, immediately upon such exercise, to be listed on any domestic securities
exchange upon which shares of Common Stock or other securities constituting Warrant Shares are listed at the time of such exercise.

 

(g)         Conditional
Exercise. Notwithstanding any other provision hereof, if an exercise of any portion of this Warrant is to be made in connection with
a public offering or a sale of the Company (pursuant to a merger, sale of stock, or otherwise), such exercise may at the election of the
Holder be conditioned upon the consummation of such transaction, in which case such exercise shall not be deemed to be effective until
immediately prior to the consummation of such transaction.

 

(h)          Reservation
of Shares. During the Exercise Period, the Company shall at all times reserve and keep available out of its authorized but unissued
Common Stock or other securities constituting Warrant Shares, solely for the purpose of issuance upon the exercise of this Warrant, the
maximum number of Warrant Shares issuable upon the exercise of this Warrant, and the par value per Warrant Share shall at all times be
less than or equal to the Exercise Price then in effect. The Company shall not increase the par value of any Warrant Shares receivable
upon the exercise of this Warrant above the Exercise Price then in effect, and shall take all such actions as may be necessary or appropriate
in order that the Company may validly and legally issue fully paid and nonassessable shares of Common Stock upon the exercise of this
Warrant.

 

4.            Transfer
of Warrant. Subject to the transfer conditions referred to in the legend endorsed hereon, this Warrant and all rights hereunder are
transferable, in whole or in part, by the Holder without charge to the Holder, upon surrender of this Warrant to the Company at its then
principal executive offices with a properly completed and duly executed Assignment in the form attached hereto as Exhibit B,
together with funds sufficient to pay any transfer taxes in connection with the making of such transfer. Upon such compliance, surrender
and delivery and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee
or assignees and in the denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing
the portion of this Warrant, if any, not so assigned and this Warrant shall promptly be cancelled.

 

5.            Holder
Not Deemed a Stockholder; Limitations on Liability. Except as otherwise specifically provided herein, prior to the issuance
to the Holder of the Warrant Shares to which the Holder is then entitled to receive upon the due exercise of this Warrant, the Holder
shall not be entitled to vote or receive dividends or be deemed the holder of shares of capital stock of the Company for any purpose,
nor shall anything contained in this Warrant be construed to confer upon the Holder, as such, any of the rights of a stockholder of the
Company or any right to vote, give or withhold consent to any corporate action (whether any reorganization, issue of stock, reclassification
of stock, consolidation, merger, conveyance or otherwise), receive notice of meetings, receive dividends or subscription rights, or otherwise.
In addition, nothing contained in this Warrant shall be construed as imposing any liabilities on the Holder to purchase any securities
(upon exercise of this Warrant or otherwise) or as a stockholder of the Company, whether such liabilities are asserted by the Company
or by creditors of the Company.

 

    	 	4	 

     

    

 

6.            Replacement
on Loss; Division and Combination.

 

(a)            Replacement
of Warrant on Loss. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation
of this Warrant and upon delivery of an indemnity reasonably satisfactory to it (it being understood that a written indemnification agreement
or affidavit of loss of the Holder shall be a sufficient indemnity) and, in case of mutilation, upon surrender of such Warrant for cancellation
to the Company, the Company at its own expense shall execute and deliver to the Holder, in lieu hereof, a new Warrant of like tenor and
exercisable for an equivalent number of Warrant Shares as the Warrant so lost, stolen, mutilated or destroyed; provided, that,
in the case of mutilation, no indemnity shall be required if this Warrant in identifiable form is surrendered to the Company for cancellation.

 

(b)            Division
and Combination of Warrant. Subject to compliance with the applicable provisions of this Warrant as to any transfer or other assignment
which may be involved in such division or combination, this Warrant may be divided or, following any such division of this Warrant, subsequently
combined with other Warrants, upon the surrender of this Warrant or Warrants to the Company at its then principal executive offices, together
with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by the respective Holders
or their agents or attorneys. Subject to compliance with the applicable provisions of this Warrant as to any transfer or assignment which
may be involved in such division or combination, the Company shall at its own expense execute and deliver a new Warrant or Warrants in
exchange for the Warrant or Warrants so surrendered in accordance with such notice. Such new Warrant or Warrants shall be of like tenor
to the surrendered Warrant or Warrants and shall be exercisable in the aggregate for an equivalent number of Warrant Shares as the Warrant
or Warrants so surrendered in accordance with such notice.

 

7.            Agreement
to Comply with the Securities Act; Legend. The Holder, by acceptance of this Warrant, agrees to comply in all respects with the provisions
of this Section 7 and the restrictive legend requirements set forth on the face of this Warrant and further agrees that such Holder
shall not offer, sell or otherwise dispose of this Warrant or any Warrant Shares to be issued upon exercise hereof except under circumstances
that will not result in a violation of the Securities Act of 1933, as amended (the “Securities Act”). This Warrant
and all Warrant Shares issued upon exercise of this Warrant (unless registered under the Securities Act) shall be stamped or imprinted
with a legend in substantially the following form:

 

“THIS WARRANT AND THE SECURITIES
ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
OR QUALIFIED UNDER ANY STATE OR FOREIGN SECURITIES LAWS AND MAY NOT BE OFFERED FOR SALE, SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE
TRANSFERRED OR ASSIGNED UNLESS (I) A REGISTRATION STATEMENT COVERING THE RESALE OF SUCH SHARES IS EFFECTIVE UNDER THE ACT AND IS
QUALIFIED UNDER APPLICABLE STATE AND FOREIGN LAW OR (II) THE TRANSACTION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY
REQUIREMENTS UNDER THE ACT AND THE QUALIFICATION REQUIREMENTS UNDER APPLICABLE STATE AND FOREIGN LAW AND, IF THE COMPANY REQUESTS,
AN OPINION SATISFACTORY TO THE COMPANY TO SUCH EFFECT HAS BEEN RENDERED BY COUNSEL.”

 

    	 	5	 

     

    

 

8.            Warrant
Register. The Company shall keep and properly maintain at its principal executive offices books for the registration of the
Warrant and any transfers thereof. The Company may deem and treat the Person in whose name the Warrant is registered on such register
as the Holder thereof for all purposes, and the Company shall not be affected by any notice to the contrary, except any assignment, division,
combination or other transfer of the Warrant effected in accordance with the provisions of this Warrant.

 

9.          Notices.
All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to
have been given: (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent
by a nationally recognized overnight courier (receipt requested); (c) on the date sent by facsimile or 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; or (d) on the third 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 addresses indicated below (or at such other address
for a party as shall be specified in a notice given in accordance with this Section 9).

 

	If to the Company:	
    TechPrecision Corporation

    One Bella Drive

    Westminster, Massachusetts 01473

    E-mail: shena@ranor.com

    Attention: Alexander Shen, Chief Executive Officer

     

	with a copy to:	
    McGuireWoods LLP

    500 East Pratt Street, Suite 1000

    Baltimore, Maryland 21202

    E-mail: cmartin@mcguirewoods.com

    Attention: Cecil E. Martin, III

     

	If to the Holder:	
    Five Crowns Credit Partners, LLC

    2729 West Coast Hwy

    Newport Beach, CA 92663

    E-mail: chris@fivecrownscapital.com

    Attention: Chris Taylor, Managing Director

     

	with a copy to:	
    Jeffer Mangels Butler & Mitchell LLP

    1900 Avenue of the Stars, 7th Floor,

    Los Angeles, CA 90067

    Email:
    EBardwell@jmbm.com

    Attention: Eric Bardwell

 

10.            Cumulative
Remedies. Except to the extent expressly provided in Section 5 to the contrary, the rights and remedies provided in this
Warrant are cumulative and are not exclusive of, and are in addition to and not in substitution for, any other rights or remedies available
at law, in equity or otherwise.

 

11.            Equitable
Relief. Each of the Company and the Holder acknowledges that a breach or threatened breach by such party of any of its obligations
under this Warrant would give rise to irreparable harm to the other party hereto for which monetary damages would not be an adequate remedy
and hereby agrees that in the event of a breach or a threatened breach by such party of any such obligations, the other party hereto shall,
in addition to any and all other rights and remedies that may be available to it in respect of such breach, be entitled to equitable relief,
including a restraining order, an injunction, specific performance and any other relief that may be available from a court of competent
jurisdiction (without any requirement to post bond).

 

    	 	6	 

     

    

 

12.         Entire
Agreement. This Warrant constitutes the sole and entire agreement of the parties to this Warrant with respect to the subject
matter contained herein, and supersedes all prior and contemporaneous understandings and agreements, both written and oral, with respect
to such subject matter.

 

13.          Successor
and Assigns. This Warrant and the rights evidenced hereby shall be binding upon and shall inure to the benefit of the parties
hereto and the successors of the Company and the successors and permitted assigns of the Holder. Such successors and/or permitted assigns
of the Holder shall be deemed to be a Holder for all purposes hereunder.

 

14.           No
Third-Party Beneficiaries. This Warrant is for the sole benefit of the Company and the Holder and their respective successors
and, in the case of the Holder, permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other
Person any legal or equitable right, benefit or remedy of any nature whatsoever, under or by reason of this Warrant.

 

15.            Headings.
The headings in this Warrant are for reference only and shall not affect the interpretation of this Warrant.

 

16.     
      Amendment and Modification; Waiver. Except as
otherwise provided herein, this Warrant may only be amended, modified or supplemented by an agreement in writing signed by each
party hereto. No waiver by the Company or the Holder of any of the provisions hereof shall be effective unless explicitly set forth
in writing and signed by the party so waiving. No waiver by any party shall operate or be construed as a waiver in respect of any
failure, breach or default not expressly identified by such written waiver, whether of a similar or different character, and whether
occurring before or after that waiver. No failure to exercise, or delay in exercising, any rights, remedy, power or privilege
arising from this Warrant shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right,
remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy,
power or privilege.

 

17.          Severability.
If any term or provision of this Warrant is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability
shall not affect any other term or provision of this Warrant or invalidate or render unenforceable such term or provision in any other
jurisdiction.

 

18.         Governing
Law. This Warrant 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) that would
cause the application of laws of any jurisdiction other than those of the State of Delaware.

 

19.          Submission
to Jurisdiction. Any legal suit, action or proceeding arising out of or based upon this Warrant or the transactions contemplated hereby
may be instituted in the federal courts of the United States of America or the courts of the State of Delaware, and each party irrevocably
submits to the exclusive jurisdiction of such courts in any such suit, action or proceeding. Service of process, summons, notice or other
document by certified or registered mail to such party’s address set forth herein shall be effective service of process for any
suit, action or other proceeding brought in any such court. The parties irrevocably and unconditionally waive any objection to the laying
of venue of any suit, action or any proceeding in such courts and irrevocably waive and agree not to plead or claim in any such court
that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum.

 

    	 	7	 

     

    

 

20.            Waiver
of Jury Trial. Each party acknowledges and agrees that any controversy which may arise under this Warrant is likely to involve complicated
and difficult issues and, therefore, each such party irrevocably and unconditionally waives any right it may have to a trial by jury in
respect of any legal action arising out of or relating to this Warrant or the transactions contemplated hereby.

 

21.            Counterparts.
This Warrant 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 Warrant delivered by facsimile, e-mail or other means of electronic transmission
shall be deemed to have the same legal effect as delivery of an original signed copy of this Warrant.

 

22.            No
Strict Construction. This Warrant shall be construed without regard to any presumption or rule requiring construction or interpretation
against the party drafting an instrument or causing any instrument to be drafted.

 

[signature
page follows]

 

    	 	8	 

     

    

 

IN WITNESS WHEREOF, the Company has duly executed
this Warrant on the Original Issue Date.

 

	 	TECHPRECISION CORPORATION
	 	 
	 	By:	/s/ Alexander Shen
	 	Name:  Alexander Shen
	 	Title:    Chief Executive Officer

 

	Accepted and agreed, 	 
	 	 
	FIVE CROWNS CREDIT PARTNERS, LLC 	 
	 	 
	By:	/s/ Christopher D. Taylor	 
	Name:  Christopher D. Taylor	 
	Title:     Managing Member	 

 

    	 		 

     

    

 

Exhibit A

 

Form of
Exercise Agreement

 

See attached.

 

    	 		 

     

    

 

Exhibit B

 

FORM OF ASSIGNMENT

 

To assign this Warrant, fill in the form below:

 

Five Crowns Credit Partners, LLC assigns and transfers
this Warrant, with respect to the number of shares of Common Stock covered thereby set forth below, to

 

	 
	(Print or type assignee’s name, address and zip code)
	 
	 
	 
	 
	(Insert assignee’s Soc. Sec. or tax I.D. no.)
	 
	 
	 
	(Insert number of shares)

 

 

 

and irrevocably appoints _____________________
as agent and attorney-in-fact to transfer this Warrant on the books of TechPrecision Corporation (the “Company”). The
agent may substitute another to act for him.

 

 

	 	FIVE CROWNS CREDIT PARTNERS, LLC
	 	 
	 	By:	            
	 	Name:
	 	Title:

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