Document:

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                                                                   EXHIBIT 10.62

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED,
ASSIGNED, PLEDGED, OR HYPOTHECATED ABSENT AN EFFECTIVE REGISTRATION THEREOF
UNDER SUCH ACT OR COMPLIANCE WITH RULE 144 PROMULGATED UNDER SUCH ACT, OR UNLESS
THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE REASONABLY
SATISFACTORY TO THE COMPANY AND ITS COUNSEL AND FROM ATTORNEYS REASONABLY
ACCEPTABLE TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT
REQUIRED.

                           U.S. HELICOPTER CORPORATION

                                     WARRANT

         This Warrant is issued in connection with that certain Convertible Note
Purchase Agreement (the "Agreement") dated as of June 15, 2007 by and between
U.S. HELICOPTER CORPORATION, a Delaware corporation (the "Company"), and
PORTFOLIO LENDERS II, LLC (the "Holder"). Capitalized terms used herein, but not
otherwise defined, shall have the meaning given to them in the Agreement.

         THIS CERTIFIES THAT, for value received, the Holder or its registered
assigns is entitled to purchase from the Company at any time or from time to
time during the period specified in Paragraph 2 hereof 187,500 (ONE HUNDRED
EIGHTY SEVEN THOUSAND FIVE HUNDRED) fully paid and non-assessable shares of the
Company's Common Stock, $.001 par value per share (the "Common Stock"), at an
exercise price per share equal to $0.50 per share (the "Exercise Price").

         The term "Warrant Shares," as used herein, refers to the shares of
Common Stock purchasable hereunder. The Warrant Shares and the Exercise Price
are subject to adjustment as provided in Paragraph 4 hereof. This Warrant is
subject to the following terms, provisions, and conditions:

         1. MANNER OF EXERCISE; ISSUANCE OF CERTIFICATES; PAYMENT FOR SHARES.
Subject to the provisions hereof, this Warrant may be exercised by the holder
hereof, in whole or in part, by the surrender of this Warrant, together with a
completed exercise agreement in the form attached hereto (the "Exercise
Agreement"), to the Company during normal business hours on any business day at
the Company's principal executive offices (or such other office or agency of the
Company as it may designate by notice to the holder hereof), and upon (i)
payment to the Company in cash, by certified or official bank check or by wire
transfer for the account of the Company of the Exercise Price for the Warrant
Shares specified in the Exercise Agreement or (ii) if the resale of the Warrant
Shares by the holder is not then registered pursuant to an effective
registration statement under the Securities Act of 1933, as amended (the
"Securities Act"), delivery to the Company of a written notice of an election to
effect a "Cashless Exercise" (as defined in Section 11(c) below) for the Warrant
Shares specified in the Exercise Agreement. The Warrant Shares so purchased

<PAGE>

shall be deemed to be issued to the holder hereof or such holder's designee, as
the record owner of such shares, as of the close of business on the date on
which this Warrant shall have been surrendered, the completed Exercise Agreement
shall have been delivered, and payment shall have been made for such shares as
set forth above. Certificates for the Warrant Shares so purchased, representing
the aggregate number of shares specified in the Exercise Agreement, shall be
delivered to the holder hereof promptly after this Warrant shall have been so
exercised. The certificates so delivered shall be in such denominations as may
be requested by the holder hereof and shall be registered in the name of such
holder or such other name as shall be designated by such holder. If this Warrant
shall have been exercised only in part, then, unless this Warrant has expired,
the Company shall, at its expense, at the time of delivery of such certificates,
deliver to the holder a new Warrant in substantially identical form and dated as
of the date of such exercise representing the number of shares with respect to
which this Warrant shall not then have been exercised.

         2. PERIOD OF EXERCISE. This Warrant is exercisable at any time or from
time to time on or after the date hereof and before 5:00 p.m., New York, New
York time on the fifth anniversary of such date (the "Exercise Period").

         3. CERTAIN AGREEMENTS OF THE COMPANY. The Company hereby covenants and
agrees as follows:

                  (a) SHARES TO BE FULLY PAID. All Warrant Shares will, upon
         issuance in accordance with the terms of this Warrant, be validly
         issued and outstanding, fully paid, and nonassessable and free from all
         taxes, liens, and charges with respect to the issue thereof.

                  (b) RESERVATION OF SHARES. During the Exercise Period, the
         Company shall at all times have authorized, and reserved free of
         preemptive rights and other similar contractual rights of stockholders,
         for the purpose of issuance upon exercise of this Warrant, a sufficient
         number of shares of Common Stock to provide for the exercise of this
         Warrant.

                  (c) LISTING. The Company shall promptly secure the listing of
         the shares of Common Stock issuable upon exercise of the Warrant upon
         each national securities exchange or automated quotation system, if
         any, upon which shares of Common Stock are then listed (subject to
         official notice of issuance upon exercise of this Warrant) and shall
         maintain, so long as any other shares of Common Stock shall be so
         listed, such listing of all shares of Common Stock from time to time
         issuable upon the exercise of this Warrant.

                   (d) SUCCESSORS AND ASSIGNS. This Warrant will be binding upon
         any entity succeeding to the Company by merger, consolidation, or
         acquisition of all or substantially all the Company's assets.

                                      -2-
<PAGE>

                   (e) NOTICES OF RECORD DATE, ETC. In the event of:

                           (i) any taking by the Company of a record of the
holders of Common Stock for the purpose of determining the holders who are
entitled to receive any dividend or other distribution,

                           (ii) any capital reorganization of the Company, any
reclassification or recapitalization of the capital stock of the Company, or any
transfer of all or substantially all the assets of the Company to, or
consolidation or merger of, the Company with or into any person,

                           (iii) any voluntary or involuntary dissolution,
liquidation or winding- up of the Company, or

                           (iv) a sale of substantially all of the outstanding
capital stock of the Company or the issuance of new shares representing the
majority of the Company's right to vote,

then and in each such event the Company will mail to the Holder a notice
specifying the record date for voting or the date of closing, as applicable, of
any event (i) through (iv) above. Such notice shall be delivered to the Holder
at least 20 days prior to the date of the relevant event.

         4. ADJUSTMENT AND ANTIDILUTION PROVISIONS. On or after the date of
issuance of this Warrant, the Warrant Exercise Price and number of shares
issuable pursuant to this Warrant shall be subject to adjustment as follows:

                  (a) In case the Company shall (i) declare a dividend or make a
         distribution on its outstanding shares of Common Stock in shares of
         Common Stock, (ii) subdivide or reclassify its outstanding shares of
         Common Stock into a greater number of shares, or (iii) combine or
         reclassify its outstanding shares of Common Stock into a smaller number
         of shares, the Exercise Price in effect at the time of the record date
         for such dividend or distribution or of the effective date of such
         subdivision, combination or reclassification shall be adjusted so that
         it shall equal the price determined by multiplying the Exercise Price
         by a fraction, the denominator of which shall be the number of shares
         of Common Stock outstanding after giving effect to such action, and the
         numerator of which shall be the number of shares of Common Stock
         immediately prior to such action. Such adjustment shall be made each
         time any event listed above shall occur.

                  (b) Whenever the Exercise Price payable upon exercise of each
         Warrant is adjusted pursuant to Subsection (a) above, the number of
         shares purchasable upon exercise of this Warrant shall simultaneously
         be adjusted by multiplying the number of shares initially issuable upon
         exercise of this Warrant by the Exercise Price in effect on the date
         hereof and dividing the product so obtained by the Exercise Price, as
         adjusted.

                  (c) All calculations under this Section 4 shall be made to the
         nearest cent or to the nearest one-hundredth of a share, as the case
         may be. Anything in this Section 4 to the contrary notwithstanding, the
         Company shall be entitled, but shall not be required, to make such
         changes in the Exercise Price in addition to those required by this
         Section 4, as it shall determine, in its sole discretion, to be
         advisable in order that any dividend or distribution in shares of
         Common Stock, or any subdivision, reclassification or combination of
         Common Stock, hereafter made by the Corporation shall not result in any
         Federal Income tax liability to the holders of the Common Stock or
         securities convertible into Common Stock (including warrants).

                                      -3-
<PAGE>

                   (d) Whenever the Exercise Price is adjusted, as herein
         provided, the Corporation shall promptly cause a notice setting forth
         the adjusted Exercise Price and adjusted number of shares issuable upon
         exercise of each Warrant to be mailed to the Holder, at its last
         address appearing in the Company's Warrant Register. The Company may
         retain a firm of independent certified public accountants selected by
         the Board of Directors (who may be the regular accountants employed by
         the Company) to make any computation required by this Section 4, and a
         certificate signed by such firm shall be conclusive evidence of the
         correctness of such adjustment absent a showing of mathematical or
         other error.

         5. ISSUE TAX. The issuance of certificates for Warrant Shares upon the
exercise of this Warrant shall be made without charge to the holder of this
Warrant or such shares for any issuance tax or other costs in respect thereof,
provided that the Company shall not be required to pay any tax which may be
payable in respect of any transfer involved in the issuance and delivery of any
certificate in a name other than the holder of this Warrant.

         6. NO RIGHTS OR LIABILITIES AS A SHAREHOLDER. This Warrant shall not
entitle the holder hereof to any voting rights or other rights as a shareholder
of the Company. No provision of this Warrant, in the absence of affirmative
action by the holder hereof to purchase Warrant Shares, and no mere enumeration
herein of the rights or privileges of the holder hereof, shall give rise to any
liability of such holder for the Exercise Price or as a shareholder of the
Company, whether such liability is asserted by the Company or by creditors of
the Company.

         7. TRANSFER, EXCHANGE, AND REPLACEMENT OF WARRANT.

                  (a) RESTRICTION ON TRANSFER. This Warrant and the rights
         granted to the holder hereof are transferable, in whole or in part,
         upon surrender of this Warrant, together with a properly executed
         assignment in the form attached hereto, at the office or agency of the
         Company referred to in Paragraph 7(e) below, provided, however, that
         any transfer or assignment shall be subject to the conditions set forth
         in Paragraph 7(f) hereof. Until due presentment for registration of
         transfer on the books of the Company, the Company may treat the
         registered holder hereof as the owner and holder hereof for all
         purposes, and the Company shall not be affected by any notice to the
         contrary.

                  (b) WARRANT EXCHANGEABLE FOR DIFFERENT DENOMINATIONS. This
         Warrant is exchangeable, upon the surrender hereof by the holder hereof
         at the office or agency of the Company referred to in Paragraph 7(e)
         below, for new Warrants of like tenor representing in the aggregate the
         right to purchase the number of shares of Common Stock which may be
         purchased hereunder, each of such new Warrants to represent the right
         to purchase such number of shares as shall be designated by the holder
         hereof at the time of such surrender.

                  (c) REPLACEMENT OF WARRANT. Upon receipt of evidence
         reasonably satisfactory to the Company of the loss, theft, destruction,
         or mutilation of this Warrant and, in the case of any such loss, theft,
         or destruction, upon delivery of an indemnity agreement reasonably

                                      -4-
<PAGE>

         satisfactory in form and amount to the Company, or, in the case of any
         such mutilation, upon surrender and cancellation of this Warrant, the
         Company, at its expense, will execute and deliver, in lieu thereof, a
         new Warrant of like tenor.

                  (d) CANCELLATION; PAYMENT OF EXPENSES. Upon the surrender of
         this Warrant in connection with any transfer, exchange, or replacement
         as provided in this Paragraph 7, this Warrant shall be promptly
         canceled by the Company. The Company shall pay all taxes (other than
         securities transfer taxes) and all other expenses (other than legal
         expenses, if any, incurred by the holder or transferees) and charges
         payable in connection with the preparation, execution, and delivery of
         Warrants pursuant to this Paragraph 7.

                  (e) REGISTER. The Company shall maintain, at its principal
         executive offices (or such other office or agency of the Company as it
         may designate by notice to the holder hereof), a register for this
         Warrant, in which the Company shall record the name and address of the
         person in whose name this Warrant has been issued, as well as the name
         and address of each transferee and each prior owner of this Warrant.

                  (f) EXERCISE OR TRANSFER WITHOUT REGISTRATION. If, at the time
         of the surrender of this Warrant in connection with any exercise,
         transfer, or exchange of this Warrant, this Warrant (or, in the case of
         any exercise, the Warrant Shares issuable hereunder), shall not be
         registered under the Securities Act of 1933, as amended (the
         "Securities Act") and under applicable state securities or blue sky
         laws, the Company may require, as a condition of allowing such
         exercise, transfer, or exchange, (i) that the holder or transferee of
         this Warrant, as the case may be, furnish to the Company a written
         opinion of counsel, which opinion and counsel are reasonably acceptable
         to the Company, to the effect that such exercise, transfer, or exchange
         may be made without registration under said Act and under applicable
         state securities or blue sky laws, (ii) that the holder or transferee
         execute and deliver to the Company an investment letter in form and
         substance reasonably acceptable to the Company and (iii) that the
         transferee be an "accredited investor" as defined in Rule 501(a) of
         Regulation D promulgated under the Securities Act; provided that no
         such opinion, letter or status as an "accredited investor" shall be
         required in connection with a transfer pursuant to Rule 144 under the
         Securities Act. The first holder of this Warrant, by taking and holding
         the same, represents to the Company that such holder is acquiring this
         Warrant for investment and not with a view to the distribution thereof.

         8. REGISTRATION RIGHTS. The holder of this Warrant shall have the same
registration rights for the Warrant Shares as are described in the Agreement.

         9. NOTICES. All notices, requests, and other communications required or
permitted to be given or delivered hereunder to the holder of this Warrant shall
be in writing, and shall be personally delivered, or shall be sent by certified
or registered mail or by recognized overnight mail courier, postage prepaid and
addressed, to such holder at the address shown for such holder on the books of
the Company, or at such other address as shall have been furnished to the
Company by notice from such holder. All notices, requests, and other
communications required or permitted to be given or delivered hereunder to the
Company shall be in writing, and shall be personally delivered, or shall be sent
by certified or registered mail or by recognized overnight mail courier, postage
prepaid and addressed, to the office of the Company at 6 East River Piers, Suite

                                      -5-
<PAGE>

216, Downtown Manhattan Heliport, New York, New York 10004, Attention: Chief
Executive Officer, or at such other address as shall have been furnished to the
holder of this Warrant by notice from the Company. Any such notice, request, or
other communication may be sent by facsimile, but shall in such case be
subsequently confirmed by a writing personally delivered or sent by certified or
registered mail or by recognized overnight mail courier as provided above. All
notices, requests, and other communications shall be deemed to have been given
either at the time of the receipt thereof by the person entitled to receive such
notice at the address of such person for purposes of this Paragraph 9, or, if
mailed by registered or certified mail or with a recognized overnight mail
courier two business days following deposit with the United States Post Office
or such overnight mail courier, if postage is prepaid and the mailing is
properly addressed, as the case may be.

         10. GOVERNING LAW. THIS WARRANT SHALL BE ENFORCED, GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO
AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD
TO THE PRINCIPLES OF CONFLICT OF LAWS. THE PARTIES HERETO HEREBY SUBMIT TO THE
EXCLUSIVE JURISDICTION OF THE UNITED STATES FEDERAL COURTS LOCATED IN NEW YORK,
NEW YORK WITH RESPECT TO ANY DISPUTE ARISING UNDER THIS WARRANT, THE AGREEMENTS
ENTERED INTO IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY. BOTH PARTIES IRREVOCABLY WAIVE THE DEFENSE OF AN INCONVENIENT FORUM TO
THE MAINTENANCE OF SUCH SUIT OR PROCEEDING. BOTH PARTIES FURTHER AGREE THAT
SERVICE OF PROCESS UPON A PARTY MAILED BY FIRST CLASS MAIL SHALL BE DEEMED IN
EVERY RESPECT EFFECTIVE SERVICE OF PROCESS UPON THE PARTY IN ANY SUCH SUIT OR
PROCEEDING. NOTHING HEREIN SHALL AFFECT EITHER PARTY'S RIGHT TO SERVE PROCESS IN
ANY OTHER MANNER PERMITTED BY LAW. BOTH PARTIES AGREE THAT A FINAL
NON-APPEALABLE JUDGMENT IN ANY SUCH SUIT OR PROCEEDING SHALL BE CONCLUSIVE AND
MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON SUCH JUDGMENT OR IN ANY OTHER
LAWFUL MANNER. THE PARTY WHICH DOES NOT PREVAIL IN ANY DISPUTE ARISING UNDER
THIS WARRANT SHALL BE RESPONSIBLE FOR ALL FEES AND EXPENSES, INCLUDING
ATTORNEYS' FEES, INCURRED BY THE PREVAILING PARTY IN CONNECTION WITH SUCH
DISPUTE.

         11. MISCELLANEOUS.

                  (a) AMENDMENTS. This Warrant and any provision hereof may only
         be amended by an instrument in writing signed by the Company and the
         holder hereof.

                  (b) DESCRIPTIVE HEADINGS. The descriptive headings of the
         several paragraphs of this Warrant are inserted for purposes of
         reference only, and shall not affect the meaning or construction of any
         of the provisions hereof.

                  (c) CASHLESS EXERCISE. In lieu of a monetary payment of the
         aggregate Exercise Price, the Holder may elect to receive, without the
         payment of any additional consideration, shares equal to the value of
         this Warrant or portion thereof by the surrender of such Warrant to the
         Company with the "cashless exercise" election marked in the form of
         Subscription Notice. Thereupon, the Company shall issue to the Holder,
         such number of fully paid and non-assessable shares as is computed
         using the following formula:

                                      -6-
<PAGE>

                                   X = Y(A-B)
                                       ------
                                          A

where             X=       the number of Shares to be issued to the Holder
                           pursuant to this Section 11(c) upon such cashless
                           exercise election.

                  Y=       the number of shares covered by this Warrant in
                           respect of which the cashless exercise election is
                           made.

                  A=       the Fair Market Value (as defined in Article V
                           hereof) of one Share, as at the time the cashless
                           exercise election is made.

                  B=       the Exercise Price in effect under this Warrant at
                           the time the cashless exercise election is made.

                  For purposes of this section, "Fair Market Value" means the
         value of a share of Common Stock on a particular date, determined as
         follows: (i) if the Common Stock is not listed on such date on any
         national securities exchange but is traded in the over-the-counter
         market, the closing "bid" quotations of a share of Common Stock on such
         date (or if none, on the most recent date on which there were bid
         quotations of a share of Common Stock), as reported on the National
         Association of Securities Dealers, Inc. Automated Quotation System, or,
         if not so reported, as reported by the National Quotation Bureau,
         Incorporated, or any other similar service selected by the Board; or
         (ii) if the Common Stock is listed on such date on one or more national
         securities exchanges, the last reported sale price of a share of Common
         Stock on such date as recorded on the composite tape system, or, if
         such system does not cover the Common Stock, the last reported sale
         price of a share of Common Stock on such date on the principal national
         securities exchange on which the Common Stock is listed, or if no sale
         of Common Stock took place on such date, the last reported sale price
         of a share of Common Stock on the most recent day on which a sale of a
         share of Common Stock took place as recorded by such system or on such
         exchange, as the case may be; or (iii) if the Common Stock is neither
         listed on such date on a national securities exchange nor traded in the
         over-the-counter market, as determined by the Company.

                   (d) REMEDIES. The Company acknowledges that a breach by it of
         its obligations hereunder will cause irreparable harm to the holder, by
         vitiating the intent and purpose of the transaction contemplated
         hereby. Accordingly, the Company acknowledges that the remedy at law
         for a breach of its obligations under this Warrant will be inadequate
         and agrees, in the event of a breach or threatened breach by the
         Company of the provisions of this Warrant, that the holder shall be
         entitled, in addition to all other available remedies at law or in
         equity, and in addition to the penalties assessable herein, to an
         injunction or injunctions restraining, preventing or curing any breach
         of this Warrant and to enforce specifically the terms and provisions
         thereof, without the necessity of showing economic loss and without any
         bond or other security being required.

                                      -7-
<PAGE>

         IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by
its duly authorized officer.

                                 U. S. HELICOPTER CORPORATION

                                 By:      /S/ JOHN G. MURPHY
                                          --------------------------------------
                                          John G. Murphy
                                          Chief Executive Officer and President

Dated:  June 15, 2007

                                      -8-
<PAGE>

                           FORM OF EXERCISE AGREEMENT

                                                        Dated: ________ __, 200_

To:      ______________________

The undersigned, pursuant to the provisions set forth in the within Warrant,
hereby agrees to purchase ________ shares of Common Stock covered by such
Warrant, and makes payment herewith in full therefor at the price per share
provided by such Warrant in cash or by certified or official bank check or by
wire transfer for the account of the Company to [INSERT THE COMPANY'S WIRE
TRANSFER DETAILS] in the amount of $________, or, if the resale of such Common
Stock by the undersigned is not currently registered pursuant to an effective
registration statement under the Securities Act of 1933, as amended, by
surrender of securities issued by the Company (including a portion of the
Warrant) having a market value (in the case of a portion of this Warrant,
determined in accordance with Section 11(c) of the Warrant) equal to $_________.
Please issue a certificate or certificates for such shares of Common Stock in
the name of and pay any cash for any fractional share to:

                                          Name:      ___________________________

                                          Signature: ___________________________

                                          Address:   ___________________________

                                          Note: The above signature should
                                          correspond exactly with the name on
                                          the face of the within Warrant,
                                          if applicable.

and, if said number of shares of Common Stock shall not be all the shares
purchasable under the within Warrant, a new Warrant is to be issued in the name
of said undersigned covering the balance of the shares purchasable thereunder
less any fraction of a share paid in cash.

<PAGE>

                               FORM OF ASSIGNMENT

         FOR VALUE RECEIVED, the undersigned hereby sells, assigns, and
transfers all the rights of the undersigned under the within Warrant, with
respect to the number of shares of Common Stock covered thereby set forth herein
below, to:

NAME OF ASSIGNEE                 ADDRESS                   NO. OF SHARES
----------------                 -------                   -------------

, and hereby irrevocably constitutes and appoints ___________________________ as
agent and attorney-in-fact to transfer said Warrant on the books of the
within-named corporation, with full power of substitution in the premises.

Dated:   ________ __, 200_

In the presence of:                                  ___________________________

                                          Name:      ___________________________

                                          Signature: ___________________________

                                          Address:   ___________________________

                                          Note: The above signature should
                                          correspond exactly with the name on
                                          the face of the within Warrant,
                                          if applicable.EXHIBIT 10.63
                       CONVERTIBLE NOTE PURCHASE AGREEMENT

         THIS AGREEMENT ("Agreement") is made as of this 20th day of June, 2007,
between U.S. HELICOPTER CORPORATION (the "Company"), a Delaware corporation, and
DAVID J. LENIHAN (the "Purchaser").

                                    RECITALS

         WHEREAS, the Company has authorized the issuance and sale of the
Company's Promissory Note to Purchaser in the aggregate principal amount of
$100,000.00, having the terms set forth in Exhibit A attached hereto (the
"Note"); and

         WHEREAS, the Purchaser desires to purchase, and the Company desires to
issue, the Note on the terms set forth in this Agreement;

         NOW, THEREFORE, in consideration of the foregoing and of the terms and
conditions contained in this Agreement, the Company and the Purchaser agree as
follows:

         1. PURCHASE AND SALE OF THE NOTE.

                  1.1 Subject to the terms and conditions contained in this
Agreement, at the Closing (as hereinafter defined) the Purchaser shall purchase
from the Company and the Company shall sell to the Purchaser the Note for
$100,000.00 (ONE HUNDRED THOUSAND DOLLARS AND 00/100) (the "Loan Amount") which
shall be payable via wire transfer to the Company's designated account (not
later than the Closing Date).

                  1.2 The Note shall be repaid, along with all accrued and
unpaid interest, as follows:

                           (a) All sums due and payable shall be repaid by the
         Company on the earlier of (1) the first closing of a private placement
         of the Company's debt or equity securities, or (2) 120 days from the
         Closing Date (the "Maturity Date").

                           (b) Notwithstanding the foregoing, the Company agrees
         to remit to the Purchaser $25,000 per month out of proceeds to be
         received by the Company pursuant to an agreement between Delta Airlines
         and the Company until the Loan Amount, plus any accrued but unpaid
         interest, is repaid in full.

                  1.3 The Note shall bear interest at the rate of 15% per annum
based on a 360-day year, 30 days' worth of which shall be paid by the Company in
advance on the Closing Date. The interest paid shall be non-refundable in the
event of early repayment.

                  1.4 As additional consideration, the Purchaser shall receive
the sum of $5,000 by the Company, which shall be payable on the Closing Date,
representing five (5) points of the total amount of the Note.

<PAGE>

                  1.5 The Purchaser shall have the right to convert the Loan
Amount plus any accrued but unpaid interest in whole or in part into shares of
the Company's common stock, par value $0.001 per share ("Common Stock") at a
conversion rate of $0.50 per share (such shares, the "Conversion Shares").

         2. INDUCEMENT WARRANT. As an inducement to purchase the Note, the
Purchaser shall be entitled to receive a warrant to purchase up to 125,000
shares of Common Stock (the "Warrant"). The Warrant shall contain an exercise
price of $0.50 per share and be exercisable for a period of five years from the
Closing Date. The shares issuable upon exercise of the Warrant (the "Warrant
Shares") shall contain registration rights identical to those of the Conversion
Shares as described below.

         3. CLOSING. The closing of the purchase and sale of the Note (the
"Closing") shall take place on June 20, 2007, or such other day as agreed to by
the parties (the "Closing Date").

         4. REPRESENTATIONS AND WARRANTIES.

                  4.1 REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The Company
represents and warrants that as of the date of this Agreement:

                  (a) EXISTENCE. The Company is a corporation duly organized and
         in good standing under the laws of the State of Delaware and is duly
         qualified to do business and is in good standing in all states where
         such qualification is necessary, except for those jurisdictions in
         which the failure to qualify would not, in the aggregate, have a
         material adverse effect on the Company's financial condition, results
         of operations or business.

                  (b) AUTHORITY. The execution and delivery by the Company of
         this Agreement and the Note (i) are within the Company's corporate
         powers; (ii) are duly authorized by the Company's board of directors;
         (iii) are not in contravention of the terms of the Company's
         certificate of incorporation or bylaws; (iv) are not in contravention
         of any law or laws; (v) except for the filing of a Form D Notice with
         the Securities and Exchange Commission and any exemption filing related
         thereto which may be required pursuant to applicable state securities
         or "blue sky" laws, do not require any governmental consent,
         registration or approval; (vi) do not contravene any contractual or
         governmental restriction binding upon the Company; and (vii) will not
         result in the imposition of any lien, charge, security interest or
         encumbrance upon any property of the Company under any existing
         indenture, mortgage, deed of trust, loan or credit agreement or other
         material agreement or instrument to which the Company is a party or by
         which the Company or any of the Company's property may be bound or
         affected.

                  (c) BINDING EFFECT. This Agreement, the Note and the Warrant
         have been duly authorized, executed and delivered by the Company and
         constitute the valid and legally binding obligation of the Company,
         enforceable in accordance with their respective terms, subject to
         bankruptcy, insolvency, reorganization and other laws of general
         applicability relating to or affecting creditors' rights and to general
         equity principles.

                                      -2-
<PAGE>

                  (d) CAPITALIZATION. The authorized capital stock of the
         Company consists of 95,000,000 shares of Common Stock, par value $0.001
         per share, 35,641,882 shares of which were issued and outstanding as of
         June 4, 2007, and 5,000,000 shares of authorized Preferred Stock, par
         value $0.001 per share, of which none are issued and outstanding as of
         June 4, 2007. The shares of Common Stock issuable pursuant to this
         Agreement and the Warrant (together, the "Shares") have been duly and
         validly authorized and reserved for issuance and, when issued and
         delivered in accordance with the terms of this Agreement and the
         Warrant, will be duly and validly issued, fully paid and
         non-assessable.

                  (e) DISCLOSURE DOCUMENTS. The Company has furnished the
         Purchaser or made available at the website of the Securities and
         Exchange Commission (the "SEC") (HTTP://WWW.SEC.GOV) a copy of the
         Company's Quarterly Report on Form 10-QSB/A for the period ended March
         31, 2007 as filed with the SEC on June 1, 2007, and the Company's
         Annual Report on Form 10-KSB for the period ended December 31, 2006 as
         filed with the SEC on April 17, 2007 (together, the "SEC Documents").

                  (f) SECURITIES MATTERS. Subject to the accuracy of the
         representations of the Purchaser set forth in Section 4.2 hereof, the
         offer, sale and issuance of the Note and the Shares as contemplated by
         this Agreement are exempt from the registration requirements of the
         Securities Act of 1933 as amended (the "Securities Act"). The Company
         has complied and will comply with all applicable state "blue sky" or
         securities laws in connection with the offer, sale and issuance of the
         Note and the Shares as contemplated by this Agreement.

                  4.2 REPRESENTATIONS AND WARRANTIES OF THE PURCHASER. The
Purchaser represents and warrants that as of the date of the execution of this
Agreement:

                  (a) AUTHORIZATION. This Agreement constitutes a valid and
         legally binding obligation of the Purchaser.

                  (b) INVESTMENT REPRESENTATIONS. (i) The Purchaser has received
         and reviewed the SEC Documents and the Purchaser or the Purchaser's
         designated representatives have concluded a satisfactory due diligence
         investigation of the Company and have had an opportunity to review the
         documents provided by the Company and to have all of their questions
         related thereto satisfactorily answered.

                           (ii) The Purchaser understands the fundamental risks
                  of the Note and the Shares; has determined that he/she/it can
                  reasonably benefit from the investment based upon net worth,
                  income, overall investment objectives and portfolio structure;
                  that the Purchaser's overall commitment to investments which
                  are not readily marketable is not disproportionate to the
                  Purchaser's net worth, and that the Note and the Shares will

                                      -3-
<PAGE>

                  not cause such overall commitment to become excessive; and,
                  that the Purchaser is able to bear the economic risk of the
                  Note and the Shares, including the loss of the entire value of
                  its investment. Additionally, the Purchaser understands that
                  that there are restrictions on the Purchaser's right to
                  liquidate the Note and the Shares.

                           (iii) The Purchaser has reviewed the Risk Factors
                  sections included in the SEC Documents, and understands the
                  Risk Factors describing the fact that the Company (a) has
                  substantial liabilities, (b) may not be able to obtain
                  sufficient funds to grow its business and the subsequent
                  financing may be on terms adverse to the Note and the Shares
                  and (c) is currently not profitable.

                           (iv) The Purchaser (or its members and/or officers)
                  has previously invested in unregistered securities and has
                  sufficient financial and investing expertise to evaluate and
                  understand the risks of the Note and the Shares.

                           (v) The Purchaser has received from the Company, and
                  is relying on, no representations or projections (except as
                  set forth in this Agreement or the SEC Documents) with respect
                  to the Company's business and prospects.

                           (vi) The Purchaser is an "accredited investor" within
                  the meaning of Regulation D under the Securities Act.

                           (vii) The Purchaser is acquiring the Note and the
                  Shares for investment purposes only without intent to
                  distribute the same, and acknowledges that the Note and the
                  Shares have not been registered under the Securities Act and
                  applicable state securities laws, and accordingly, constitute
                  "restricted securities" for purposes of the Securities Act and
                  such state securities laws until such time as a registration
                  statement covering the Shares is declared effective by the SEC
                  and the states in which the registration statement is filed.

                           (viii) The Purchaser acknowledges that it will not be
                  able to transfer the Note and the Shares except upon
                  compliance with the registration requirements of the
                  Securities Act and applicable state securities laws or
                  exemptions therefrom.

                           (ix) The certificates and/or instruments evidencing
                  the Note and the Shares will contain a legend to the foregoing
                  effect until such time as a registration statement covering
                  the Shares is declared effective by the SEC.

         5. REGISTRATION RIGHTS.

         5.1 PARTICIPATION IN REGISTERED OFFERINGS. If the Company proposes or
is required to register any of its shares or other equity securities for public
sale for cash under the Securities Act of 1933, as amended (the "Act") (other
than on Forms S-4 or S-8 or similar registration forms), it will at each such

                                      -4-
<PAGE>

time or times give written notice to the Purchaser of its intention to do so.
Upon the written request of the Purchaser given within twenty (20) days after
receipt of any such notice, the Company shall use its best efforts to cause to
be included in such registration any Shares held by the Purchaser requested to
be registered; provided, that if the managing underwriter advises that less than
all of the shares requested to be registered should be offered for sale so as
not materially and adversely to affect the price or salability of such offering
being registered by the Company, the Purchaser (but not the Company to the
extent it desires to include shares for its own account) shall reduce the number
of its Shares to be included in the registration statement as required by the
underwriter to the extent requisite of all prospective sellers of the securities
proposed to be registered (other than the Company) on a pro rata basis according
to the amounts of securities proposed to be registered by all prospective
sellers to permit the sale or other disposition (in accordance with the intended
method of disposition thereof as aforesaid) by the prospective seller or sellers
of the securities so registered. The registration requested pursuant to this
Section 5.1 is referred to herein as the "Piggyback Registration".

         5.2 OBLIGATIONS OF PURCHASER. It shall be a condition precedent to the
obligation of the Company to register any Shares pursuant to this Section 5 that
the Purchaser shall furnish to the Company such information regarding the Shares
held and the intended method of disposition thereof and other information
concerning the Purchaser as the Company shall reasonably request and as shall be
required in connection with the registration statement to be filed by the
Company. If after a registration statement becomes effective the Company advises
the Purchaser that the Company considers it appropriate to amend or supplement
the applicable registration statement, the Purchaser shall suspend further sales
of the Shares until the Company advises the Purchaser that such registration
statement has been amended or supplemented.

         5.3 If and whenever the Company is required by the provisions of this
Section 5 to effect the registration of the Shares under the Securities Act, the
Company will:

                           Furnish to the Purchaser such reasonable number of
copies of the registration statement, preliminary prospectus, final prospectus
and such other documents as the Purchaser may reasonably request in order to
facilitate the sale of such shares;

                           Notify the Purchaser, promptly after it shall receive
notice thereof, of the time when such registration statement has become
effective or a supplement to any prospectus forming a part of such registration
statement has been filed;

                           Notify the Purchaser promptly of any request by the
Commission for the amending or supplementing of such registration statement or
prospectus or for additional information;

                           Prepare and promptly file with the Commission and
promptly notify the Purchaser of the filing of such amendment or supplement to
such registration statement or prospectus as may be necessary to correct any
statements or omissions if, at the time when a prospectus relating to such
securities is required to be delivered under the Securities Act, any event shall
have occurred as the result of which any such prospectus or any other prospectus

                                      -5-
<PAGE>

as then in effect would include an untrue statement of a material fact or omit
to state any material fact necessary to make the statements therein, in the
light of the circumstances in which they were made, not misleading; and

                           Advise the Purchaser, promptly after it shall receive
notice or obtain knowledge thereof, of the issuance of any stop order by the
Commission suspending the effectiveness of such registration statement or the
initiation or threatening of any proceeding for that purpose and promptly use
its best efforts to prevent the issuance of any stop order or to obtain its
withdrawal if such stop order should be issued.

                  5.4 With respect to a registration required pursuant to this
Section 5, all fees, costs and expenses of and incidental to such registration,
shall be borne by the Company, including all registration, filing, printing
expenses, fees and disbursements of counsel and accountants for the Company, and
all legal fees and disbursements and other expenses of complying with state
securities or blue sky laws of any jurisdictions in which the Shares to be
offered are to be registered and qualified. Fees and disbursements of counsel
and accountants for the participating Purchaser and any other expenses incurred
by the Purchaser shall be borne by the Company; PROVIDED that the fees and
disbursements of counsel to the Purchaser shall not exceed $5,000 in connection
with a registration required under this Section 5.

                  5.5 The Company will indemnify and hold harmless the Purchaser
and any underwriter for such Purchaser from and against, and will reimburse such
Purchaser and each such underwriter with respect to, any and all loss, damage,
liability, cost and expense to which such Purchaser or any such underwriter may
become subject under the Securities Act or otherwise, insofar as such losses,
damages, liabilities, costs or expenses are caused by any untrue statement or
alleged untrue statement of any material fact contained in such registration
statement, any prospectus contained therein or any amendment or supplement
thereto, or arise out of or are based upon the omission or alleged omission to
state therein a material fact required to be stated therein or necessary to make
the statements therein, in light of the circumstances in which they were made,
not misleading; PROVIDED, HOWEVER, that the Company will not be liable in any
such case to the extent that any such loss, damage, liability, cost or expenses
arises out of or is based upon an untrue statement or alleged untrue statement
or omission or alleged omission so made in conformity with information furnished
by such Purchaser or such underwriter in writing for use in the preparation
thereof.

                  5.6 The Purchaser will indemnify and hold harmless the
Company, any successor entity of the Company, its directors and officers, any
controlling person and any underwriter from and against, and will reimburse the
Company, its directors and officers, any controlling person and any underwriter
with respect to, any and all loss, damage, liability, cost or expense to which
the Company or any controlling person and/or any underwriter may become subject
under the Securities Act or otherwise, insofar as such losses, damages,
liabilities, costs or expenses are caused by any untrue statement or alleged
untrue statement of any material fact contained in such registration statement,
any prospectus contained therein or any amendment or supplement thereto, or
arise out of or are based upon the omission or alleged omission to state therein
a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances in which they were made, not

                                      -6-
<PAGE>

misleading, in each case to the extent that such untrue statement or alleged
untrue statement or omission or alleged omission was so made in reliance upon
and in conformity with written information furnished by or on behalf of such
Purchaser for use in the preparation thereof. The maximum aggregate liability of
each Purchaser pursuant to its indemnification obligations under this Section 5
shall not exceed the portion of the Purchase Price paid by such Purchaser
hereunder.

                  Promptly after receipt by an indemnified party pursuant to the
provisions of Sections 5.5 or 5.6 above of notice of the commencement of any
action involving the subject matter of the foregoing indemnity provisions such
indemnified party will, if a claim thereof is to be made against the
indemnifying party pursuant to the provisions of said Sections 5.5 or 5.6,
promptly notify the indemnifying party of the commencement thereof; but the
omission to so notify the indemnifying party will not relieve it from any
liability which it may have to any indemnified party otherwise than hereunder.
In case such action is brought against any indemnified party and it notifies the
indemnifying party of the commencement thereof, the indemnifying party shall
have the right to assume the defense thereof, with counsel reasonably
satisfactory to such indemnified party.

         6.       MISCELLANEOUS.

                  6.1 CONFIDENTIALITY. (a) The Purchaser agrees to keep
         confidential any and all non-public information delivered or made
         available to the Purchaser by the Company except for disclosures, as
         necessary, made by the Purchaser to the Purchaser's officers,
         directors, employees, agents, counsel and accountants each of whom
         shall be notified by the Purchaser of this confidentiality covenant and
         for whom the Purchaser shall be liable in the event of any breach of
         this covenant by any such individual or individuals; provided, however,
         that nothing herein shall prevent the Purchaser from disclosing such
         information (a) upon the order of any court or administrative agency,
         (b) upon the request or demand of any regulatory agency or authority
         having jurisdiction over the Purchaser, (c) which has been publicly
         disclosed or (d) to any of its members provided that any such members
         agree in writing (with a copy provided to the Company) to be bound by
         confidentiality provisions in form and substance substantially as are
         contained herein. In the event of a mandatory disclosure as described
         in clause (a) and/or (b) of the preceding sentence, the Purchaser shall
         promptly notify the Company in writing of any applicable order, request
         or demand for such information, cooperate with the Company if and to
         the extent that the Company elects to seek an appropriate protective
         order or other relief from such order, request, or demand, and disclose
         only the minimal amount of information ultimately required to be
         disclosed. The Purchaser shall not use for its own benefit, nor permit
         any other person to use for such person's benefit, any of the Company's
         non-public information including, without limitation, in connection
         with the purchase and/or sale of the Company's securities.

                  (b) The Company shall in no event disclose non-public
         information to the Purchaser, advisors to or representatives of the
         Purchaser unless prior to disclosure of such information the Company

                                      -7-
<PAGE>

         marks such information as "Non-Public Information - Confidential" and
         provides the Purchaser, such advisors and representatives with the
         opportunity to accept or refuse to accept such non-public information
         for review. The Company may, as a condition to disclosing any
         non-public information hereunder, require the Purchaser's advisors and
         representatives to enter into a confidentiality agreement in form
         reasonably satisfactory to the Company and the Purchaser.

                  (c) Nothing herein shall require the Company to disclose
         non-public information to the Purchaser or its advisors or
         representatives, and the Company represents that it does not
         disseminate non-public information to any Purchasers who purchase stock
         in the Company in a public offering, to money managers or to securities
         analysts.

         6.2 LEGENDS. To the extent applicable, each note, certificate or other
document evidencing the Note to be purchased and sold pursuant to this Agreement
and any Shares issued shall be endorsed with the legends set forth below, and
the Purchaser on behalf of itself and each holder of the Note covenants that,
except to the extent such restrictions are waived by the Company, it shall not
transfer the Note or Shares without complying with the restrictions on transfer
described in the legends endorsed on such Note or certificate:

                  (a) The following legend under the Securities Act:

                  "THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
                  UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED,
                  AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, OR
                  HYPOTHECATED ABSENT AN EFFECTIVE REGISTRATION THEREOF UNDER
                  SUCH ACT OR COMPLIANCE WITH RULE 144 PROMULGATED UNDER SUCH
                  ACT, OR UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL,
                  IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE COMPANY
                  AND ITS COUNSEL AND FROM ATTORNEYS REASONABLY ACCEPTABLE TO
                  THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT
                  REQUIRED."

                  (b) If required by the authorities of any state in connection
         with the issuance or sale of the Note or the Shares, the legend
         required by such state authority.

                  (c) The legend set forth above shall be removed from the
         Shares and the Company shall within two (2) business days issue a
         certificate without such legend to the holder of the Shares upon which
         it is stamped, if, unless otherwise required by state securities laws,
         (i) in connection with a sale transaction, provided the Shares are
         registered under the Securities Act or (ii) in connection with a sale
         transaction, after such holder provides the Company with an opinion of
         counsel, which opinion shall be in form, substance and scope customary
         for opinions of counsel in comparable transactions, to the effect that
         a public sale, assignment or transfer of the Shares may be made without
         registration under the Securities Act. The legend set forth above shall
         be removed from the Shares and the Company shall issue a certificate
         without such legend to the holder of the Shares immediately upon the
         registration of the Shares under the Securities Act in accordance with
         this Agreement.

                                      -8-
<PAGE>

         6.3 COSTS AND EXPENSES. The Company shall reimburse Purchaser for its
reasonable legal fees and expenses in connection with the purchase of the Note.
The Company shall be responsible for all of its fees and expenses in connection
with this transaction.

         6.4 ASSIGNABILITY; SUCCESSORS. The provisions of this Agreement shall
inure to the benefit of and be binding upon the permitted successors and assigns
of the parties hereto.

         6.5 SURVIVAL. All agreements, covenants, representations and warranties
made by the Company or by the Purchaser herein shall survive the execution and
delivery of this Agreement.

         6.6 GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED ACCORDING TO THE
LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE PRINCIPLES THEREOF
RELATING TO CONFLICTS OF LAWS.

         6.7 COUNTERPARTS: HEADINGS. This Agreement may be executed in several
counterparts, each of which shall be deemed an original, but such counterparts
shall together constitute but one and the same agreement. The descriptive
headings in this Agreement are inserted for convenience of reference only and
shall not affect the construction of this Agreement.

         6.8      LEGAL REPRESENTATION.

                  (a) Each party hereto represents and warrants that it has
         carefully read this Agreement and knows the contents hereof and that it
         has signed this Agreement freely and voluntarily and that each party
         has obtained independent counsel in reviewing this document and further
         acknowledges that the law firm of Gallagher, Briody & Butler has
         memorialized the within Agreement and has provided legal advice solely
         to the Company with respect to this Agreement.

                  (b) The Purchaser was provided the opportunity to retain
         individual counsel, and has retained or waived the right to retain
         individual counsel to review this Agreement.

         6.9 ENTIRE AGREEMENT, AMENDMENTS. This Agreement and the Exhibits
contain the entire understanding of the parties with respect to the subject
matter hereof, and supersede all other representations and understandings, oral
or written, with respect to the subject matter hereof. No amendment,
modification, alteration, or waiver of the terms of this Agreement or consent
required under the terms of this Agreement shall be effective unless made in a
writing, which makes specific reference to this Agreement and which has been
signed by the Company and the Purchaser. Any such amendment, modification,
alteration, waiver or consent shall be effective only in the specific instance
and for the specific purpose for which given.

                                      -9-
<PAGE>

         6.10 NOTICES. All communications or notices required or permitted by
this Agreement shall be in writing and shall be deemed to have been given or
made when delivered in hand, deposited in the mail, or sent by facsimile, with
confirmation (if sent by facsimile on a non-business day, receipt shall be
deemed to have occurred on the next succeeding business day). Communications or
notices shall be delivered personally or by certified or registered mail,
postage, or by facsimile and addressed as follows, unless and until either of
such parties notifies the other in accordance with this Section of a change of
address:

          IF TO THE COMPANY:         U.S. Helicopter Corporation
                                     6 East River Piers, Suite 216
                                     Downtown Manhattan Heliport
                                     New York, NY 10004
                                     Attn.:  John G. Murphy, President
                                     Telephone:  212-248-2002
                                     Fax:  212-248-0940

         WITH A COPY TO:             Gallagher, Briody & Butler
                                     155 Village Boulevard
                                     2nd Floor
                                     Princeton, New Jersey 08540
                                     Attn: Thomas P. Gallagher, Esq.
                                     Telephone: 609-452-6000
                                     Fax:  609-452-0090

          IF TO THE PURCHASER:       David J. Lenihan
                                     124 Brookstone Drive
                                     Princeton, NJ 08540
                                     Telephone: _____________
                                     Fax:  _____________

         6.11 SEVERABILITY. Whenever possible, each provision of this Agreement
shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement shall be prohibited by or
invalid under applicable law, such provision shall be ineffective to the extent
of such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provisions of this Agreement.

         6.12 MAXIMUM INTEREST. It is expressly stipulated and agreed to be the
intent of the Company and the Purchaser at all times to comply with the
applicable law governing the maximum rate of interest payable on or in
connection with all indebtedness and transactions hereunder (or applicable
United States federal law to the extent that it permits Purchaser to contract
for, charge, take, reserve or receive a greater amount of interest). If the
applicable law is ever judicially interpreted so as to render usurious any
amount of money or other consideration called for hereunder, or contracted for,
charged, taken, reserved or received with respect to any loan or advance
hereunder, or if acceleration of the maturity of the Note results in the
Company's having paid any interest in excess of that permitted by law, then it
is the Company's and the Purchaser's express intent that all excess cash amounts
theretofore collected by Purchaser be credited on the principal balance of the

                                      -10-
<PAGE>

Note (or if the Note has been or would thereby be paid in full, refunded to the
Company), and the provisions of this Agreement immediately be deemed reformed
and the amounts thereafter collectible hereunder reduced, without the necessity
of the execution of any new document, so as to comply with the applicable law,
but so as to permit the recovery of the fullest amount otherwise called for
hereunder. The right to accelerate maturity of the Note does not include the
right to accelerate any interest which has not otherwise accrued on the date of
such acceleration, and the Purchaser does not intend to collect any unearned
interest in the event of acceleration.

            [The remainder of this page is intentionally left blank.]

                                      -11-
<PAGE>

         IN WITNESS WHEREOF, this Agreement has been duly executed as of the day
and year first above written.

                                    U. S. HELICOPTER CORPORATION

                                    By:  /S/ JOHN G. MURPHY
                                         ---------------------------------------
                                         John G. Murphy
                                         Chief Executive Officer and President

                                    DAVID J. LENIHAN

                                    /S/ DAVID J. LENIHAN
                                    --------------------------------------------

                                      -12-
<PAGE>

                                                                       EXHIBIT A

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED,
ASSIGNED, PLEDGED, OR HYPOTHECATED ABSENT AN EFFECTIVE REGISTRATION THEREOF
UNDER SUCH ACT OR COMPLIANCE WITH RULE 144 PROMULGATED UNDER SUCH ACT, OR UNLESS
THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE REASONABLY
SATISFACTORY TO THE COMPANY AND ITS COUNSEL AND FROM ATTORNEYS REASONABLY
ACCEPTABLE TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT
REQUIRED.

                                 PROMISSORY NOTE

                                                                   June 20, 2007

                          ONE HUNDRED THOUSAND DOLLARS
                                    15% NOTE

         FOR VALUE RECEIVED, U.S. HELICOPTER CORPORATION, a Delaware corporation
(the "Company") hereby promises to pay to the order of DAVID J. LENIHAN (the
"Holder"), or its registered assigns, the principal sum of ONE HUNDRED THOUSAND
DOLLARS AND 00/100 ($100,000.00), and to pay interest from the date hereof on
the outstanding principal sum at the rate of 15% per annum based on a 360-day
year, such interest to accrue from the date hereof (the "Closing Date"). The
Note shall bear interest at the rate of 15% per annum based on a 360-day year,
of which 30 days' worth shall be paid by the Company in advance on the Closing
Date. The interest paid shall be non-refundable in the event of early repayment.
The principal and accrued but unpaid interest shall be paid in full on the
earlier of (1) the first closing of a private placement of the Company's debt or
equity securities, or (2) 120 days from the Closing Date (the "Maturity Date").
Notwithstanding the foregoing, the Company agrees to remit to the Purchaser
$25,000 per month out of proceeds to be received by the Company pursuant to an
agreement between Delta Airlines and the Company until the Note, plus any
accrued but unpaid interest, is repaid in full.

         This Note is an authorized issue of a $100,000 15% Note of the Company
(the "Note") issued pursuant to a Note Purchase Agreement dated as of June 20,
2007 between the Company and the Holder (the "Note Purchase Agreement"). The
Holder of this Note is entitled to the benefits of the Note Purchase Agreement
and to enforce the agreements of the Company contained therein. Capitalized
terms used herein and not otherwise defined shall have the meaning ascribed
thereto in the Note Purchase Agreement. All payments shall be paid in lawful
money of the United States of America at the principal office of the Holder or
at such other place as the Holder may designate from time to time in writing to
the Company.

<PAGE>

         1. CONVERSION RIGHTS. The principal and any and all interest payable on
this Note shall be convertible, at the option of either the Holder, at any time
into shares of Company Common Stock at $0.50 per share.

         2. DEFAULT. The Company shall be in default under this Note upon the
occurrence of any of the following events ("Event of Default"):

                  (a) Failure to make any principal or interest payment required
         under this Note within three days of the date such payment is due;

                  (b) Any material default, breach or misrepresentation under
         the terms and provisions of the Note Purchase Agreement that is not
         cured after 30 days written notice by Holder to the Company; or

                  (c) An assignment for the benefit of creditors by or the
         filing of a petition under bankruptcy, insolvency or debtor's relief
         law, or for any readjustment of indebtedness, composition or extension
         by the Company, or commenced against the Company which is not
         discharged within sixty (60) days.

         3. REMEDIES UPON EVENT OF DEFAULT. Upon the occurrence of an Event of
Default:

                  (a) specified in clause (c) of Section 2, then the Note shall
         be automatically accelerated and immediately due and payable at the
         option of Holder, without notice or demand;

                  (b) specified in clauses (a) or (b) of Section 2, then the
         Holder may declare the Note immediately accelerated due and payable;
         and

                  (c) the Holder shall have all of the rights and remedies, at
         law and in equity, by statute or otherwise, and no remedy herein
         conferred upon the Holder is intended to be exclusive of any other
         remedy and each remedy shall be cumulative and shall be in addition to
         every other remedy given hereunder or now or hereafter existing at law,
         in, equity, by statute or otherwise.

         4. REGISTRATION RIGHTS. The Holder of this Note shall have the
registration rights pertaining to the shares issuable upon conversion of this
Note as described in the Note Purchase Agreement.

         5. CHANGES; PARTIES. This Note can only be changed by an agreement in
writing signed by the Company and the Holder. This Note shall inure to the
benefit of and be binding upon the Company and the Holder and their respective
successors and assigns.

                                      -2-
<PAGE>

         6. WAIVER OF PRESENTMENT. The Company hereby waives presentment,
demand, notice, protest and all other demands and notices in connection with the
delivery, acceptance, performance, default or enforcement of this Note.

         7. MAXIMUM RATE OF INTEREST. It is expressly stipulated and agreed to
be the intent of the Company and Holder at all times to comply with the
applicable law governing the maximum rate of interest payable on or in
connection with all indebtedness and transactions hereunder (or applicable
United States federal law to the extent that it permits Holder to contract for,
charge, take, reserve or receive a greater amount of interest). If the
applicable law is ever judicially interpreted so as to render usurious any
amount of money or other consideration called for hereunder, or contracted for,
charged, taken, reserved or received with respect to any loan or advance
hereunder, or if acceleration of the maturity of this Note or the indebtedness
hereunder or if any prepayment by the Company results in the Company's having
paid any interest in excess of that permitted by law, then it is the Company's
and Holder's express intent that all excess cash amounts theretofore collected
by Holder be credited on the principal balance of this Note (or if this Note has
been or would thereby be paid in full, refunded to the Company), and the
provisions of this Note immediately be deemed reformed and the amounts
thereafter collectible hereunder reduced, without the necessity of the execution
of any new document, so as to comply with the applicable law, but so as to
permit the recovery of the fullest amount otherwise called for hereunder. The
right to accelerate maturity of this Note does not include the right to
accelerate any interest which has not otherwise accrued on the date of such
acceleration, and Holder does not intend to collect any unearned interest in the
event of acceleration.

         8. NO IMPLIED WAIVER. No failure or delay on the part of Holder in
exercising any right, power or privilege under this Note and no course of
dealing between the Company and Holder shall operate as a waiver thereof. No
single or partial exercise of any right, power or privilege hereunder shall
preclude any other or further exercise of any right, power or privilege Holder
would otherwise have. No notice to, or demand on, the Company in any case shall
entitle the Company to any other or further notice or demand in similar or other
circumstances or constitute a waiver of the right of Holder to any other or
further action in any circumstances without notice or demand.

         9. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED ACCORDING TO THE
LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE PRINCIPLES THEREOF
RELATING TO CONFLICTS OF LAWS.

                                      -3-
<PAGE>

         IN WITNESS WHEREOF, the Company has executed this Note as of the day
and year set forth above.

                                         U.S. HELICOPTER CORPORATION

                                          By:      _____________________________
                                          John G. Murphy
                                          Chief Executive Officer and President

                                      -4-

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