0000353184-06-000022 Sample Contracts

2005 EQUITY INCENTIVE PLAN)
Employee Stock Option Agreement • June 26th, 2006 • Air T Inc • Air courier services • North Carolina

WHEREAS, the Corporation has adopted the Air T, Inc. 2005 Equity Incentive Plan (the “Plan”) in order to provide additional incentives to certain employees and directors and consultants of the Corporation and its Subsidiaries; and

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THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES REGISTERED UNDER THE SECURITIES ACT OF 1933. AIR T, INC. DIRECTOR STOCK OPTION AGREEMENT (2005 EQUITY INCENTIVE PLAN)
Director Stock Option Agreement • June 26th, 2006 • Air T Inc • Air courier services • North Carolina

WHEREAS, the Corporation has adopted the Air T, Inc. 2005 Equity Incentive Plan (the “Plan”) in order to provide additional incentives to certain employees and directors and consultants of the Corporation and its Subsidiaries; and

THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES REGISTERED UNDER THE SECURITIES ACT OF 1933. AIR T, INC. STOCK APPRECIATION RIGHT AGREEMENT (2005 EQUITY INCENTIVE PLAN)
Stock Appreciation Right Agreement • June 26th, 2006 • Air T Inc • Air courier services • North Carolina

WHEREAS, the Company has adopted the Air T, Inc. 2005 Equity Incentive Plan (the “Plan”) in order to provide additional incentives to certain employees and directors and consultants of the Company and its Subsidiaries; and

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