WARRANT PURCHASE AGREEMENTWarrant Purchase Agreement • September 15th, 2006 • Mesa Air Group Inc • Air transportation, scheduled
This Warrant Purchase Agreement (this “Agreement”) is executed this 7th day of February, 2002, by Mesa Air Group, Inc., a Nevada corporation (the “Company”), in favor of Raytheon Aircraft Company, a Kansas corporation (“RAC”), in accordance with the terms of that certain Settlement Agreement dated as of February 7, 2002, between the Company, certain of its subsidiaries, RAC and certain of its affiliates (the “Settlement Agreement”). In consideration of certain undertakings by RAC in favor of the Company under the Settlement Agreement and the payment of $0.01 in cash by RAC to the Company, the Company has agreed to grant RAC an option to purchase up to 233,068 warrants (each, a “Warrant”) each to purchase one fully paid and non-assessable share of the common stock of the Company, with no par value (the “Common Stock”). The shares of Common Stock purchasable upon exercise of the Warrants and the purchase price per Warrant are referred to herein as the “Warrant Shares” and the “Exercise P
