Common Contracts

AGREEMENT

Nomination Agreement • June 17th, 2013 • AO Partners I, LP • Air courier services • Delaware

• Contract Type
  Nomination Agreement
• Filed
  June 17th, 2013
• Company
  AO Partners I, LP
• Industry
  Air courier services
• Jurisdiction
  Delaware

As soon as practicable following the Distribution Date, separate certificates evidencing the Rights (“Right Certificates”) will be mailed to holders of record of Common Shares as of the close of business on the Distribution Date and such separate Right Certificates alone will evidence the Rights. No Right is exercisable at any time prior to the Distribution Date. The Rights will expire on the earliest of (i) the third anniversary of the Record Date or (ii) the final adjournment of the Company’s 2013 annual meeting of shareholders if a proposal to approve this Agreement has not been approved by a vote in which more votes are cast in favor of such proposal than are cast against such proposal, unless earlier redeemed, exchanged or amended by the Company as described below. Until a Right is exercised, the holder thereof, as such, will have no rights as a stockholder of the Company, including the right to vote or to receive dividends.

AGREEMENT

Nomination Agreement • June 13th, 2013 • Air T Inc • Air courier services • Delaware

• Contract Type
  Nomination Agreement
• Filed
  June 13th, 2013
• Company
  Air T Inc
• Industry
  Air courier services
• Jurisdiction
  Delaware

THIS AGREEMENT, dated this 12th day of June, 2013 (this “Agreement”), is by and among AO Partners I, L.P. (“AO Partners”), AO Partners, LLC, Nicholas J. Swenson (“Swenson”), Seth G. Barkett, William R. Foudray, Andrew L. Osborne, John M. LaFontsee, Scott A. Ronan, Nicholas P. Zaccagnini, Ryan P. Buckley, Thomas D. Gallagher and Christopher J. Richard (the foregoing individuals and entities being collectively referred to herein as the “AO Partners Group”), and Air T, Inc., a Delaware corporation (the “Company”).