Company: XAIR
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001493152-25-012867
Chunk: 32

Company: Beyond Air, Inc.
Filing Date: 2025-09-09
Form: 424B3
Chunk 32
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ASSIGNMENT FORM

(To assign the foregoing Warrant, execute this form and supply required information. Do not use this form to purchase shares.)</div>

FOR VALUE RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby assigned to

Name: _______________________________

Address: _______________________________________

Phone Number : ________________________________

Email Address: __________________________________

Dated: ______________________________________

Holder’s Signature: __________________________________

Holder’s Address: ___________________________________

Exhibit 10.1

<div align='center'>Beyond Air, Inc.</div>

September 8, 2025

To the Holder whose name appears on the signature page attached hereto

Re: Inducement Agreement to Exercise Warrant

Dear Holder:

Pursuant to this letter agreement (this “ Agreement”), Beyond Air, Inc. (the “ Company”) is pleased to offer to you (the “ Holder”) the opportunity to exercise all of the common stock purchase warrant issued to you on September 30, 2024 (“ Existing Warrant”), exercisable for shares of the Company’s common stock, par value $0.0001 per share (“ Common Stock”), at a reduced exercise price of $2.21 per share of Common Stock, as set forth on the signature page hereto.

Notwithstanding anything herein to the contrary, in the event that any exercise of the Existing Warrant would otherwise cause the Holder to exceed a beneficial ownership limitation equal to [4.99%/9.99%] of the number of shares of Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon such exercise (“ Beneficial Ownership Limitation”), the Company shall only issue such number of Existing Warrant Shares to the Holder that would not cause the Holder to exceed the maximum number of Existing Warrant Shares permitted thereunder, as directed by the Holder, with the balance to be held in abeyance until notice from the Holder that the balance (or portion thereof) may be issued in compliance with such limitations, which abeyance shall be evidenced through this Agreement. The portion of the Existing Warrant so exercised shall be deemed prepaid thereafter, and exercised pursuant to a Notice of Exercise in the Existing Warrant (provided no additional exercise price shall be payable).

The offer and resale of the shares of Common Stock issuable upon exercise of the Existing Warrant (the “ Existing Warrant Shares”) were registered pursuant to the Company’s registration statement on Form S-3 (Registration No. 333-282834) under the Securities Act of 1933