WARRANT TO PURCHASE COMMON STOCK of AIR T, INC., a Delaware corporationWarrant Agreement • February 14th, 2019 • Air T Inc • Air courier services • Delaware
This certifies that, for value received, Brett A. Reynolds (“Holder”), is entitled during the Exercise Period (as defined below), subject to the terms set forth below, to purchase from Air T, Inc., a Delaware corporation (the “Company”), up to Twenty-Five Thousand (25,000) shares of Common Stock, par value $.25 per share, of the Company (“Common Stock”) at $31.00 per share (the “Purchase Price”), upon surrender of this Warrant at the principal office of the Company referred to below, with the subscription form attached hereto (the “Subscription Form”) duly executed, and simultaneous payment therefor in the manner specified in Section 1. The Purchase Price and the number of shares of Common Stock purchasable hereunder are subject to adjustment as provided in Section 3.
