FORM OF WARRANTWarrant Agreement • March 20th, 2020 • Beyond Air, Inc. • Surgical & medical instruments & apparatus • New York
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, __________ or [their/its] assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after ___________, ____ (the “Initial Exercise Date”), to subscribe for and purchase from Beyond Air, Inc., a Delaware corporation (the “Company”), at the purchase price of the Exercise Price as defined in Section 2(b) per one share of Common Stock up to _______ shares1; 2; 3 (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock at any time on or prior to the close of business on the five year anniversary of the Issue Date (the “Termination Date”) but not thereafter.
DATED 2020 BEYOND AIR IRELAND LIMITED (AS BORROWER) THE PERSONS LISTED IN SCHEDULE 1 (AS ORIGINAL LENDERS) FACILITY AGREEMENTFacility Agreement • March 20th, 2020 • Beyond Air, Inc. • Surgical & medical instruments & apparatus
