Document:

AIRCRAFT LEASE AGREEMENT

                           Dated as of April 25, 2000

                                     between

                           C.I.T. LEASING CORPORATION
                                    as Lessor

                                       and

                         ARCH AIR MEDICAL SERVICE, INC.,
                                    as Lessee

                                       Air Methods 2000 Aircraft Lease Agreement

<PAGE>
                            AIRCRAFT LEASE AGREEMENT
                            ------------------------

     THIS  AIRCRAFT  LEASE  AGREEMENT dated as of April 25, 2000 (this "Lease"),
                                                                        -----
between  C.I.T.  LEASING  CORPORATION, a Delaware corporation, together with its
successors and permitted assigns ("Lessor"), and ARCH AIR MEDICAL SERVICE, INC.,
                                   ------
a  Missouri  corporation,  together  with  its  successors and permitted assigns
("Lessee"),  having its principal place of business at 7301 South Peoria Street,
  ------
Englewood,  Colorado  80112.

          WHEREAS,  Lessor  desires  to  purchase from Area Rescue Consortium of
Hospitals,  a  Missouri  corporation, five (5) helicopters described as follows:
one Messerschmitt model BK 117 B-1 aircraft bearing manufacturer's serial number
7201  and  United States Registration No. N211SL, one Messerschmitt model BK 117
B-1  aircraft  bearing  manufacturer's  serial  number  7207  and  United States
Registration  No.  N122SL,  one  Eurocopter Deutschland GMBH model MBB-BK 117-B2
aircraft  bearing  manufacturer's  serial  number  7139  and  United  States
Registration  No.  N550SL,  one  Messerschmitt model BK 117 B-1 aircraft bearing
manufacturer's serial number 7158 and United States Registration No. N440SL, and
one Messerschmitt model BK 117 B-1 aircraft bearing manufacturer's serial number
7216  and  United  States  Registration  No.  N330SL;  and

          WHEREAS, Lessor also desires to purchase from SkyLife Aviation, L.L.C.
(Area  Rescue  Consortium of Hospitals and SkyLife Aviation, L.L.C. are referred
to  herein collectively as "Seller"), two (2) aircraft described as follows: one
                            ------
Beech  model B100 aircraft bearing manufacturer's serial number BE-27 and United
States  Registration  No.  N87JE  and  one  Beech  model  B100  aircraft bearing
manufacturer's  serial  number  BE-64  and United States Registration No. N4490M
(collectively,  together with the aircraft described in the preceding paragraph,
and  as  further  defined  below,  the  "Aircraft") and simultaneously with such
                                         --------
purchase,  Lessee desires to lease from Lessor and Lessor is willing to lease to
Lessee  such  Aircraft  on  the  terms  and  conditions set forth in this Lease;

     NOW,  THEREFORE, in consideration of the mutual covenants herein contained,
Lessor  and  Lessee  hereby  agree  as  follows:

     1.     DEFINITIONS.  Unless  the  context otherwise requires, the following
            -----------
terms shall have the following meanings for all purposes of this Lease and shall
be  equally  applicable  to  both the singular and the plural forms of the terms
herein  defined:

          "Acceptance  Date"  shall mean any or all, as the context requires, of
           ----------------
the  Delivery  Date  or Delivery Dates on which all of the applicable conditions
precedent  set  forth  in  Section  21  hereof have been satisfied, or waived in
                           -----------
writing  by  Lessor.

          "Aeronautical  Bill  of  Sale"  shall  mean  the  bill of sale for the
           ----------------------------
Aircraft  on  AC  Form  8050-2 (for Aircraft registered in the United States) or
such  other  form  as  may  be acceptable to the FAA for recordation of Lessor's
ownership  interest  in  the  Aircraft executed by Lessee in favor of Lessor and
dated  the  Delivery  Date.

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
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<PAGE>
          "Aeronautics  Authority"  shall  mean,  as  the  context requires, the
           ----------------------
United  States Department of Transportation, the FAA and/or the Administrator of
the  FAA,  or  any person, governmental department, bureau, commission or agency
succeeding  to  the  functions  of  any  of  the  foregoing.

          "Affiliate"  with  respect  to a specified Person shall mean any other
           ---------
Person  directly  or  indirectly controlling or controlled by or under direct or
indirect  common control with such Person.  For the purposes of this definition,
"control"  when  used  with  respect to any specified Person, means the power to
direct  the  management  and  policies  of  such Person, directly or indirectly,
whether  through  the  ownership of voting securities, by contract or otherwise,
and the terms "controlling" and "controlled by" have meanings correlative to the
foregoing.

          "Aircraft"  shall  mean  each  and  every  Airframe and the "Aircraft"
           --------
described in the recitals above together with (a) the Engine or Engines, whether
or  not  installed  on  such Aircraft, (b) all Parts thereof, (c) spare parts or
ancillary  equipment  or devices acquired pursuant to the Purchase Agreement and
furnished  with  the  Aircraft  under  this  Lease or otherwise not constituting
Parts,  (d)  all  Aircraft  Documents,  (e)  all substitutions, replacements and
renewals  of any and all thereof, (f) all capital improvements which may be made
to, installed on or incorporated into the Aircraft, including but not limited to
those  improvements  required  pursuant  to  any  Airworthiness  Directive.

          "Aircraft  Cost"  shall mean the aggregate cost of the Aircraft not to
           --------------
exceed  the  amount  set  forth  in the Lease Supplements executed and delivered
pursuant to this Lease and described therein as Aircraft Cost (not to exceed the
Maximum  Aircraft  Cost  Amount).

          "Aircraft  Documents"  shall  mean  the  records  and  documentation
           -------------------
pertaining  to the Aircraft in Lessee's possession on each Delivery Date and all
other  records and documentation pertaining to any Airframe, any Engines and any
Parts  delivered  with  the Aircraft or created during the Lease Term in respect
thereof,  all  of  which shall be maintained in the English language, including,
without limitation, all logs, manuals and data, and all inspection, modification
and  overhaul records, and such other items which may be acquired or prepared by
Lessee relating to its use, operation and maintenance of the Aircraft during the
term  of  this  Lease.

          "Airframe" shall mean for each Aircraft, (a) the airframe described in
           --------
Schedule  A  attached  hereto  and made a part hereof and any airframe which may
-----------
from  time  to time be substituted or be a replacement for the airframe, and (b)
any and all Parts of whatever nature (except the Engines, propellers, rotors and
rotor hubs, as applicable) attached to or installed on such airframe for so long
as  title  thereto  shall  be  vested  in  Lessor in accordance with this Lease.

          "Airworthiness  Directive"  shall  mean  any  Airworthiness  Directive
           ------------------------
issued  by  the FAA and applicable to aircraft, engines and appliances and Parts
of  the  same  type  as  the  Aircraft,  the  Engines  and  the  Parts.

          "Basic Rent" shall have the meaning given to such term in Section 5(a)
           ----------                                               ------------
hereof  and  in  the  Lease  Supplements executed and delivered pursuant to this
Lease.

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
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<PAGE>
          "Basic  Rent  Factor"  shall  be  the  percentage  (derived  from  the
           -------------------
Reference  Rate)  set  forth  in  the  Lease  Supplements executed and delivered
pursuant  to  this  Lease which, when multiplied by the Aircraft Cost, result in
the  Basic  Rent.

          "Basic  Term"  shall mean the  number  of  monthly  periods  from  and
           -----------
including  the  Delivery  Date  of  each  Aircraft  to  and  including  the  day
immediately  preceding  the tenth anniversary date of the first Delivery Date as
set  forth  in  the  first  Lease  Supplement.

          "Business  Day"  shall mean any day other than a Saturday, Sunday or a
           -------------
day on which banking institutions in New York, New York are authorized by law to
close.

          "Casualty  Loss Value" shall mean the amounts payable by Lessee in any
           --------------------
Event  of  Loss  and  as otherwise provided in this Lease, which amounts are set
forth  in  the  Lease Supplements executed and delivered pursuant to this Lease.

          "Certificate  of  Acceptance"  means  the  Certificate  of  Acceptance
           ---------------------------
substantially in the form attached hereto as Exhibit A, to be executed by Lessee
                                             ---------
for  the  purpose of acknowledging acceptance of each Aircraft (as the foregoing
may  be amended, modified or supplemented as of the date hereof and from time to
time).

          "Code"  shall  mean  the  Internal  Revenue  Code of 1986, as amended.
           ----

          "Default"  shall  mean any event or condition which, with the lapse of
           -------
time  or  the  giving  of  notice or both, would constitute an Event of Default.

          "Default  Rate"  shall  mean  interest  at the rate per annum equal to
           -------------
eighteen  percent  (18%),  subject  to  the  maximum  rate  permitted  by  Law.

          "Delivery  Date" for any Aircraft shall mean the date, which day shall
           --------------
be a Business Day, specified in the Lease Supplement applicable to such Aircraft
to  be  executed  pursuant to this Lease, on which (a) all applicable conditions
precedent  set  forth  in  Section  21  hereof  have been satisfied or waived in
                           -----------
writing  by  Lessor  for the delivery and sale of such Aircraft by the Lessee to
Lessor,  and (b) such Aircraft is actually delivered to, and accepted by, Lessee
under  this  Lease.

          "Early  Purchase Option" shall have the meaning set forth in Section 7
           ----------------------                                      ---------
hereof.

          "Early  Purchase  Option  Price"  shall  have the meaning set forth in
           ------------------------------
Section  7  hereof.
----------

          "Engine"  shall  mean  with  respect  to any Aircraft, (a) the engine,
           ------
engines  or  rotor  hub  installed  on  such  Airframe  on  the Delivery Date as
described  in  Schedule A attached hereto and made a part hereof, whether or not
               ----------
from  time  to time thereafter no longer installed on such Airframe or installed
on  any  other  airframe or any other aircraft; or (b) any other engine or Power
Components, including, without limitation, any spare engine, which may from time
to  time  be substituted or be a replacement for such engine or any Part thereof
(including  any  rotor  or  propeller)  in  accordance  with  this  Lease.

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                          Page 3
<PAGE>
          "Event of Default" shall mean any of the events referred to in Section
           ----------------                                              -------
23  hereof.
--

          "Event of Loss" shall mean any of the following events with respect to
           -------------
the  Aircraft,  any  Airframe  or  any  Engine:

     (a)  loss  of  such  property  or  the  use  thereof

          (i)  due  to  theft  or disappearance of such property for a period in
excess  of  the  earlier  of

                    (A)  the  end  of  the  prevailing  Lease  Term  and

                    (B)  forty-five  (45)  days (unless such loss constitutes an
Event  of Loss under clause (b) below) or (ii) due to destruction, damage beyond
                     ----------
repair  or rendition of such property permanently unfit for normal use by Lessee
for  any  reason  whatsoever;

     (b)  any loss or loss of use or damage to such property which results in an
insurance  settlement with respect to such property on the basis of an actual or
constructive  total  loss;

     (c)  the  condemnation,  confiscation,  conversion  or  seizure  of,  or
requisition  of title to, such property, or requisition for use of such property
for  a  period  in  excess  of  the  earlier  of

          (i)  the  end  of  the  prevailing  Lease  Term,  and

          (ii)  forty-five  (45)  days (or for such shorter period ending on the
date on which an insurance settlement with respect to such property on the basis
of  an  actual  or  constructive  total  loss  shall  occur);

     (d)  as  a result of any rule, regulation, order or other action by the FAA
or other Governmental Authority having jurisdiction, the use of such property in
the  normal  course  of air transportation of Persons shall have been prohibited
for  a period of forty-five (45) days, unless Lessee, prior to the expiration of
such  period,  shall  have  undertaken  or  caused  to  be  undertaken and shall
diligently  carry  forward or cause to be so carried forward all steps which are
necessary  or  desirable  to permit the normal use of such property by Lessee or
any  permitted  assignee  or sublessee, as the case may be, or, in any event, if
such  use  shall have been prohibited for a period of the earlier of (i) the end
of  the  prevailing  Lease  Term  and  (ii)  three  consecutive  months.

          "Expiration  Date"  shall  mean the last day of the Lease Term or such
           ----------------
other  date  on which the Lease Term of this Lease may be terminated pursuant to
the  terms  hereof.

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                          Page 4
<PAGE>
          "FAA"  shall  mean, as the context requires, the United States Federal
           ---
Aviation  Administration  and/or  the Administrator of the United States Federal
Aviation  Administration,  or  any  person,  governmental  department,  bureau,
commission  or  agency  succeeding  to the functions of either of the foregoing.

          "Fair  Market  Value" shall have the meaning set forth in Section 8(c)
           -------------------                                      ------------
hereof.

          "Fair  Rental  Value"  shall  have  the  meaning  set forth in Section
           -------------------                                           -------
8(c)hereof.

          "GAAP"  shall  mean  generally  accepted  accounting  principles
           ----
consistently  applied  over the affected periods as in effect from time to time.

          "Governmental  Authority"  shall mean and include (a) the FAA; (b) any
           -----------------------
national,  state,  local or foreign government, or political subdivision thereof
or  local jurisdiction therein; (c) any board, commission, department, division,
organ,  instrumentality,  court  or agency of any entity described in (b) above,
however  constituted;  and  (d) any association, organization, or institution of
which  any  entity  described  in  (b)  or  (c)  above  is  a member or to whose
jurisdiction  any  such entity is subject or in whose activities any such entity
is  a  participant  but  only (except for purposes of defining Law below) to the
extent  that  any  of  the  preceding  clauses (a), (b), (c) and (d) hereof have
jurisdiction  over  the  Aircraft  or  its  operations.

          "Guarantor(s)"  shall  mean,  collectively  or  individually,  as  the
           ------------
context  requires, each guarantor from time to time of the obligations of Lessee
under  the  Lease  Documents,  including,  without  limitation,  Air  Methods
Corporation,  a  Delaware corporation, and MASI (and their respective successors
and  assigns).

          "Guaranty"  shall  mean  the Corporate Guaranty Agreement, dated as of
           --------
the  date  hereof,  between  the Guarantors and Lessor  (as the foregoing may be
amended,  modified or supplemented as of the date hereof and from time to time).

          "Improvement"  shall  have the meaning set forth in Section 11 hereof.
           -----------                                        ----------

          "Indemnified  Party"  shall  have  the meaning set forth in Section 18
           ------------------                                         ----------
hereof.

          "Law"  shall  mean  and include (a) any statute, decree, constitution,
           ---
regulation,  order,  judgment  or other directive of any Governmental Authority;
(b)  any  treaty,  pact,  compact  or  other agreement to which any Governmental
Authority  is  a  party;  (c)  any  judicial or administrative interpretation or
application  of  any Law described in (a) or (b) above; and (d) any amendment or
revision  of  any  Law  described  in  (a),  (b)  or  (c)  above.

          "Lease  Documents"  means  this  Lease,  each  Lease  Supplement,  the
           ----------------
Replacement  Contract, the Purchase Agreement Assignments, the Guaranty, the Tax
Indemnity Agreement, any management and/or operating affecting the Aircraft, the
Purchase Documents, each and every sublease permitted by Lessor under this Lease
and all documents related to such subleases, and each other document executed by
Lessee  hereunder  or  thereunder  or  in  connection  with  the  transactions
contemplated  hereby  or thereby (as any or all of the foregoing may be amended,
modified  or  supplemented  as  of  the  date  hereof  and  from  time to time).

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                          Page 5
<PAGE>
          "Lease  Supplement"  shall  mean  each  and  every  Lease  Supplement,
           -----------------
substantially  in  the  form  of  Exhibit  B hereto, which shall be entered into
                                  ----------
between  Lessor and Lessee for the purposes of (a) leasing the Aircraft, and (b)
setting  forth  the  applicable terms of the Lease in effect with respect to the
applicable  Acceptance  Date  and  Aircraft,  pursuant to the provisions of this
Lease.  Each  Lease Supplement shall (i) be consecutively numbered to correspond
to each Acceptance Date, and (ii) incorporate by reference all of the provisions
of  this  Lease  Agreement, including, without limitation, any amendment thereto
entered  into  subsequent  to  the  applicable  Acceptance  Date.

          "Lease  Term" shall mean the Basic Term and the Renewal Term (if any).
           -----------

          "Lessee  Person"  shall  mean  Lessee  or  other  user  or  Person  in
           --------------
possession  of  any  Aircraft,  any  Airframe, or any Engine, and any Affiliate,
successor or assign of any of the foregoing (other than Lessor or any Affiliate,
successor  or  assign  of  Lessor).

          "Lessor  Lien"  means  any Lien on an Airframe, any Engine or any Part
           ------------
arising  as  a  result  of  (a) claims against or affecting Lessor or any of its
Affiliates  that  are  not related to the transactions contemplated by the Lease
Documents,  (b)  any  act or omission of Lessor or any of its Affiliates that is
not  related to the transactions contemplated by the Lease Documents or which is
in  violation  of  the  terms hereof or (c) Taxes (including claims therefor) or
other  claims  imposed  on  Lessor  or  any  of  its  Affiliates  (including the
consolidated group of taxpayers of which Lessor is part) for which Lessee is not
obligated  to  indemnify  Lessor  or  such  Affiliate  hereunder.

          "Lien"  shall  mean any lien, mortgage, encumbrance, pledge, charge or
           ----
security  interest  of  any  kind.

          "Life  Limited  Components"  shall  mean,  with respect to any Part or
           -------------------------
Engine,  any such item the maintenance of which is required under Applicable Law
or  by  the  Manufacturer  thereof or another manufacturer (if other than of any
Airframe)  in its maintenance manuals or otherwise based on the hours, cycles or
calendar  time  since  the last overhaul or inspection, as appropriate, or other
date  of  determination relating to the maintenance of the Aircraft or such Part
or  Engine  in  accordance  with  this  Lease.

          "Maintenance  Program"  shall  mean  the  applicable  Manufacturer's
           --------------------
approved  maintenance  program  (as approved by the FAA and Lessor) as in effect
from  time  to  time  for  the  Aircraft  encompassing  scheduled  maintenance,
conditioned  monitored maintenance and on-condition maintenance of any Airframe,
any  Engine  and  any Parts.  Upon request by Lessor, a copy of such Maintenance
Program  shall  be  provided  to  Lessor.

          "Manufacturer"  shall  mean,  with  respect  to  any  Aircraft,  the
           ------------
manufacturer  of  such  Aircraft,  together  with  its  successors  and assigns,
including,  Eurocopter  Deutschland  GMBH  and  Beechcraft.

          "MASI"  shall  mean Mercy Air Service, Inc., a California corporation.
           ----

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                          Page 6
<PAGE>
          "Maximum  Aircraft  Cost  Amount"  shall mean an aggregate amount that
           -------------------------------
Lessor  shall  advance  to  purchase  the  Aircraft  as  set  forth in the Lease
Supplements.

          "Notice  of  Proposed Acceptance Date" shall mean a notice from Lessee
           ------------------------------------
to  Lessor  of the date, which shall be a Business Day, on which Lessee proposes
that  Lessor  fund  a  portion  of  Aircraft  Cost  pursuant  to  this  Lease.

          "Operative Documents" shall mean the Lease Documents, the Aeronautical
           -------------------
Bills of Sale, the Warranty Bills of Sale, the Purchase Documents and such other
documents delivered in connection with this Lease and the Purchase Documents and
the transactions contemplated hereby and thereby (as any or all of the foregoing
may  be further amended, modified or supplemented as of the date hereof and from
time  to  time).

          "Parts"  means  any  and  all  Power Components, avionics, appliances,
           -----
units,  components,  parts,  devices,  instruments,  appurtenances, accessories,
furnishings, seats, and other equipment of whatever nature (other than Engine or
engine  and  landing gear and temporary replacement parts that are duly replaced
with  permanent  Parts as provided in Section 11 hereof), which may from time to
                                      ----------
time be incorporated or installed in or attached to any Airframe of any Aircraft
or  the  Engines  and  spare parts delivered pursuant to the Purchase Agreement.

          "Permitted  Lien"  means a Lien permitted by the provisions of Section
           ---------------                                               -------
14  hereof.
--

          "Person"  means  any  individual,  corporation,  partnership,  joint
           ------
venture,  association,  joint  stock  company,  trust,  trustee(s)  of  a trust,
unincorporated  organization, or government or Governmental Authority, agency or
political  subdivision  thereof.

          "Power  Components"  shall  have  the  meaning  set  forth  in Section
           -----------------                                             -------
4(c) hereof.
---

          "Prior  Lease  Documents"  shall  mean  that  certain  Aircraft  Lease
           -----------------------
Agreement,  dated  as  of  August  25,  1999,  between  Lessor  and  Air Methods
Corporation,  together with each other Lease Document as therein defined (as any
or  all  of the foregoing may be further amended, modified or supplemented as of
the  date  hereof  and  from  time  to  time).

          "Process Agent" shall have the meaning set forth in Section 29 hereof.
           -------------                                      ----------

          "Purchase  Agreement" shall mean, individually or collectively, as the
           -------------------
context  requires, (i) the Asset Purchase Agreement, dated as of March 23, 2000,
among  Seller,  MASI and Lessee relating to certain the rotary wing Aircraft and
(ii)  the  Aircraft  Purchase Agreement, dated as of April 25, 2000, between Sky
Life  relating to the fixed wing Aircraft (as the same may hereafter be amended,
modified or supplemented from time to time expressly in relation to the Aircraft
to  the  extent  permitted by the Purchase Agreement Assignment and this Lease).

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                          Page 7
<PAGE>
          "Purchase  Agreement  Assignment(s)"  shall  mean  collectively  or
           ----------------------------------
individually,  as the context requires, (i) the Purchase Agreement Assignment of
even  date  herewith,  between  the  Lessee,  as  assignor,  and  the Lessor, as
assignee,  and  consented  to  by MASI and Seller relating to the Asset Purchase
Agreement  described  therein and relating to the rotary wing Aircraft, and (ii)
the  Purchase Agreement Assignment of even date herewith, between the Lessee, as
assignor,  and the Lessor, as assignee, and consented to by Sky Life relating to
the  Aircraft  Purchase Agreement described therein and relating to the fix wing
Aircraft,  (as  either  or  both  of  the  same  may  be  amended,  modified  or
supplemented  from  time  to  time).

          "Purchase  Documents" shall mean the Purchase Agreements, the Purchase
           -------------------
Agreement  Assignments  and  consent  related  thereto,  and each other document
executed by Seller, MASI or a Lessee Person pursuant to this Lease or such other
documents  and the transactions contemplated hereby and thereby (as the same may
be  amended,  modified  or  supplemented  from  time  to  time)  relating to the
purchase  of  the  Aircraft  .

          "Purchase  Option  Price"  shall have the meaning set forth in Section
           -----------------------                                       -------
8(b)  hereof.
---

          "Reference  Rate"  shall  mean  the relevant "Treasury Rate" as of the
           ---------------
date of determination which is the rate per annum equal to the yield for each of
the  U.S.  Treasury  Securities  that matures nearest to the thirty-sixth (36th)
monthly  anniversary  of the applicable Delivery Date determined as at the close
of  business  on  the  first  Business  Day  immediately  preceding  the date of
determination under this Lease, as reported in The Wall Street Journal under the
                                               -----------------------
heading  "Treasury Bonds, Notes & Bills" (and the subheading of "Ask Yld." under
"Govt.  Bonds  &  Notes")  or  if such report is unavailable, on page 119 ("U.S.
Treasury  and Money Markets") of the information ordinarily provided by Telerate
Systems  Incorporated.  Such rate shall be set forth in each Lease Supplement as
applicable.

          "Renewal Term" for the Aircraft shall mean twelve (12) monthly periods
           ------------
from  and  including  the expiration date of the Basic Term to and including the
day  immediately preceding the eleventh (11th) anniversary of the Delivery Date.

          "Renewal  Term Rent" shall mean the Rent determined under Section 8(b)
           ------------------                                       ------------
hereof  and  payable  during  the  Renewal  Term.

          "Rent"  shall  mean  Basic  Rent,  Renewal  Term  Rent,  if  any,  and
           ----
Supplemental  Payments.

          "Rent  Payment  Date"  shall  mean the first day in each of the Rental
           -------------------
Periods.

          "Rental  Period"  shall  mean  each of the consecutive monthly periods
           --------------
throughout  the  Lease Term as in effect under this Lease, the first such period
commencing on and including the Delivery Date and ending on the date immediately
preceding  the  first  monthly anniversary date of the Delivery Date thereafter,
and  each  of  the  remaining  monthly  periods commencing on and including each
monthly anniversary date of the Delivery Date and ending on the date immediately
preceding  the  next  succeeding  monthly anniversary date of the Delivery Date.

          "Replacement"  has  the  meaning  set  forth  in  Section  11  hereof.
           -----------                                      -----------

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                          Page 8
<PAGE>
          "Replacement  Contract" shall mean that certain Assignment, Notice and
           ---------------------
Acceptance  of  Replacement  Property  Contract,  of  even  date herewith, among
Lessor,  Lessee  and  Bank One Exchange Corporation (as the same may be amended,
modified  or  supplemented  from  time  to  time).

          "Required  Alteration" has the meaning set forth in Section 11 hereof.
           --------------------                               ----------

          "Sky  Life"  shall  mean  SkyLife Aviation, L.L.C., a Missouri limited
           ---------
liability  company  and  an  affiliate  of  Seller.

          "Supplemental  Payments"  shall  mean  all  amounts,  liabilities  and
           ----------------------
obligations which Lessee assumes or agrees to pay hereunder to Lessor or others,
including,  without limitation, payments of Casualty Loss Value and indemnities,
but  excluding  Basic  Rent  or  Renewal  Term  Rent.

          "Tax"  shall  have  the  meaning  set  forth  in  Section  17  hereof.
           ---                                              -----------

          "Tax  Indemnitee"  shall  mean  and  include  Lessor and any Affiliate
           ---------------
thereof  and  any  of their respective officers, directors, successors, assigns,
agents  and  servants.

          "Tax  Indemnity  Agreement"  shall mean the Tax Indemnity Agreement of
           -------------------------
even  date  herewith,  between  Lessor  and  Lessee (as the same may be amended,
modified  or  supplemented  from  time  to  time).

          "Taxing  Authority" shall mean any federal, state or local government,
           -----------------
political  subdivision, or taxing authority in the United States of America, any
government or taxing authority of or in any country or other taxing jurisdiction
outside  the  United  States  of America, or any international taxing authority.

          "Transaction  Fee"  shall mean an amount equal to the sum set forth in
           ----------------
the first Lease Supplement which shall be paid by the Lessee to the Lessor on or
before  the  Delivery  Date.

          "Warranty  Bill  of  Sale"  shall  mean  each  Warranty  Bill of Sale,
           ------------------------
substantially  in  the  form of Exhibit C hereto relating to each Aircraft dated
                                ---------
each  Acceptance  Date  by  Seller  in  favor  of  Lessor.

     2.     AGREEMENT  FOR  PURCHASE  AND  LEASE  OF  AIRCRAFT; MAXIMUM FUNDING;
            --------------------------------------------------------------------
FUNDING  PROCEDURES.
--------------------

          (a)     Lessor  shall,  subject  to  the satisfaction or waiver of the
terms  and conditions of this Lease and the other Lease Documents, advance funds
to  Seller  on account of Lessee as provided in this Lease, to pay Aircraft Cost
up  to  the  Maximum  Aircraft  Cost Amount.  Lessor shall have no obligation to
advance  funds in respect of the Aircraft Cost under this Section 2 or otherwise
                                                          ---------
in  excess  of  the  Maximum  Aircraft  Cost  Amount.

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                          Page 9
<PAGE>
          (b)     Lessor,  subject  to  satisfaction or waiver of the conditions
set  forth in Section 21 hereof, including, without limitation, the satisfaction
              ----------
of  the  conditions in the Asset Purchase Agreement referred to in clause (i) of
the definition of Purchase Agreement, and the concurrent acceptance hereunder by
Lessee of the Aircraft, hereby agrees to accept delivery on the Delivery Date of
the  Aircraft  from  the Lessee and to lease the Aircraft simultaneously back to
Lessee  hereunder; and Lessee hereby agrees, expressly for the direct benefit of
Lessor to lease on such Delivery Date from Lessor hereunder, the Aircraft, which
shall  have  been  accepted by Lessee hereunder as evidenced by the execution by
Lessor  and  Lessee  of  the  Lease  Supplement  leasing the Aircraft hereunder;
provided,  however,  that  Lessor  and  Lessee  shall have no further obligation
--------   -------
hereunder  with  respect  to  the  Aircraft  if the Delivery Date shall not have
occurred  on  or  before  the  date  hereof unless mutually agreed by Lessor and
Lessee  in  writing.

          (c)     Lessee  agrees,  on  Lessor's  request,  to  give  a Notice of
Proposed Acceptance Date (which shall be a Business Day) of each Acceptance Date
three  (3)  Business  Days  prior  to  each  proposed  Acceptance  Date.

          (d)     The  Delivery Date shall not extend beyond the date hereof and
relating  final funding under this Lease shall not extend beyond April 30, 2000,
unless  mutually  agreed  to  by  Lessor  and  Lessee  in  writing.

     3.     TERM.  The  Basic  Term  for  the  Aircraft  shall  commence  on the
            ----
Delivery  Date,  and, unless sooner terminated in accordance with the provisions
of this Lease, shall end on the last day of the Basic Term.  If Lessee elects to
renew  this  Lease  pursuant  to  Section  8(b)  hereof,  the Renewal Term shall
                                  -------------
commence  on  the  last  day  of  the  Basic Term and end on the last day of the
Renewal  Term.

     4.     RETURN  OF  AIRCRAFT.
            --------------------

          (a)     Return.  If  Lessor  shall rightfully demand possession of the
                  ------
Aircraft  pursuant  to  the  terms  of  this  Lease or Lessee shall otherwise be
obligated  hereunder  to return the Aircraft to Lessor, Lessee shall, at its own
expense,  return the Aircraft equipped with the Engine or Engines duly installed
thereon  by  delivering  the  same  to  Lessor at any airport in the continental
United  States  as  designated  by  Lessor.  At  the time of such return (i) all
Airworthiness Directives and Manufacturer's mandatory service bulletins relating
to  the  Aircraft shall have been performed, (ii) the Aircraft shall be owned by
Lessor,  free  and clear of all Liens (other than any Lessor Lien), and shall be
duly  registered  with  the  FAA, (iii) each fuel and oil tank shall contain the
same  quantity  of  fuel and oil as was contained in the fuel and oil tanks when
the Aircraft was delivered to Lessee on the Delivery Date, or in the case of any
differences  in  any such quantities, an appropriate adjustment shall be made by
payment at the then current market price of fuel or oil, as the case may be, and
(iv)  the  Aircraft  shall  be in the condition required by Section 4(c) hereof.
                                                            ------------
Until  the  Aircraft is returned to Lessor as provided in this Section 4(a), all
                                                               ------------
of  the  provisions  of  this  Lease shall continue in full force and effect and
Lessee  shall pay all the costs and expenses in connection with or incidental to
the  return of the Aircraft, including without limitation, Rent for the Aircraft
as  provided  in  Section  5  hereof.
                  ----------

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 10
<PAGE>
               (b)     Manuals.  Upon  the return of the Aircraft, in accordance
                       -------
with  this  Section  4,  Lessee  shall  deliver to Lessor all Aircraft Documents
            ----------
required  to  be  maintained  with  respect  thereto  under applicable rules and
regulations of the FAA and any other Governmental Authority having jurisdiction.
In  the  event  any  Aircraft Documents are missing or incomplete for operations
during the Lease Term, Lessor shall have the right to cause such documents to be
reconstructed  at  the  expense  of  Lessee.

               (c)     Condition.  At the time of such return:  (i) the Aircraft
                       ---------
shall have had any distinctive marking of Lessee removed in a workmanlike manner
at  the  expense  of  Lessee; (ii) the Aircraft shall be fully equipped and have
installed  thereon  the  Engine  or  Engines and any and all other Parts as were
installed  or  incorporated  in or attached to the Aircraft as of the applicable
Acceptance Date (or such replacements therefor permitted by or required pursuant
to the terms hereof); (iii) the Aircraft shall be duly certified as an airworthy
aircraft  by  the  FAA  and  shall  be  returned  with  a  valid  certificate of
airworthiness  issued under 14 C.F.R. Part 91 (including  91.401 et. seq. and 14
C.F.R.  Part 135 (including  135.411 et seq.), as applicable, or its equivalent;
(iv) the Aircraft shall be in the condition and repair required to be maintained
by  Section 10 hereof, free of all corrosion and free and clear of all Liens and
    ----------
the rights of any third parties; and (v) Lessee shall return the aircraft on (A)
a  Computerized  Maintenance  Program  approved by Lessor (CMP) or (B) any other
standardized  form  of  record  keeping  in  accordance  with  accepted industry
standard  approved  by Lessor, the applicable manufacturer's guidelines, if any,
and  regulations  of applicable Governmental Authorities and of applicable Laws,
in each case fully paid up to the return date with all transfer fees, if any, to
be  paid  by  the  Lessee.

          At  the  time  of  such return, (i) Lessee shall have completed within
thirty  (30)  days prior to the return, the next required inspection, or portion
thereof not previously completed, (A) on each Airframe if such inspection is due
within  the next ninety (90) days, and if not in compliance with the recommended
maintenance  program  for  the  applicable Engine, the next anticipated periodic
inspection  on  such  Engine  and  (B) on all power transmitting components then
recommended  within  the  next ninety (90) days by the applicable manufacturers,
including,  without  limitation, on gear boxes, transmissions, propellers, drive
shafts,  rotor  shafts,  rotor  hubs  and rotor blades (collectively, the "Power
                                                                           -----
Components") and (ii) each Aircraft with all material component parts shall have
-----------
one  half  or  more  of the available operating hours and/or, as applicable, one
half  or  more  of  the stated calendar time and cycles remaining until the next
maintenance visit, overhaul or replacement (as applicable) as stated in the Code
of  Federal  Regulations  applicable  to  the  FAA,  and  Manufacturer  approved
Maintenance  Program  under  the  auspices  of  14  C.F.R.  91.409  et. seq. and
135.411  et.  seq.,  as  applicable,  or  its  equivalent.

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 11
<PAGE>
          In  the  event  that any Engine, Power Components or Aircraft does not
meet  the  conditions  set  forth in the immediately preceding paragraph, Lessee
shall  pay Lessor an amount equal to the sum of (i) for such Engine, the product
of:  the  then current estimated cost of the next mid-life inspection (including
in such estimated cost, all required replacement of the Life Limited Components)
multiplied  by  a fraction the numerator of which shall be the of (A) the actual
number  of  hours of operation since the previous mid-life inspection, minus (B)
fifty  percent  (50%)  of  total  operating  hours  anticipated between mid-life
inspections,  and  the  denominator  of which shall be the total operating hours
anticipated between mid-life inspections, plus (ii) for such Engine, the product
of:  the  then  current  estimated  cost  of the next anticipated major overhaul
(including  in  such  estimated  cost,  all required replacement of Life Limited
Components  and as specified by the Manufacturer and the engine manufacturer for
such  Engine  and  Power  Components)  multiplied by a fraction the numerator of
which  shall  be  the  remainder  of (A) the actual number of hours of operation
since  the  previous  major  overhaul minus (B) fifty percent (50%) of the total
operating hours anticipated between major overhauls and the denominator of which
shall  be  the  total  operating hours anticipated between major overhauls, plus
(iii)  the  product  of:  the current estimated cost of the next scheduled major
Airframe  inspection (including in such estimated cost, all required replacement
of  Life  Limited  Components)  multiplied  by a fraction the numerator of which
shall be the remainder of (A) the actual number of respective operating hours or
months  of  operation  since  the  previous major Airframe inspection, minus (B)
fifty  percent  (50%)  of  the  respective  total  operating  hours or months of
operation  allowable  between  scheduled  major  Airframe  inspection,  and  the
denominator  of which shall be the respective total operating hours or months of
operation  allowable  between  scheduled major Airframe inspections.  All of the
foregoing  shall  be  considered  Supplemental  Payments  and  shall be due upon
presentation  to  Lessee  of  an  invoice setting forth in reasonable detail the
calculation  of such amounts due including the names of all sources used for the
required  cost  estimates.  Should  the  sum  of  amounts  calculated  under the
foregoing  clauses (i), (ii) and (iii) result in an amount equal to or less than
$0.00,  Lessee shall have no payment obligation under this Section 4(c).  Unless
                                                           ------------
both  Lessor with Lessee agree to alternative source(s), the Manufacturer of any
Engine,  as  specified  by  Lessor, shall be used as the source for all cost and
Engine  mid-life and overhaul estimates.  Prior to the return of the Aircraft to
Lessor, a ground evaluation and acceptance flight shall, if requested by Lessor,
be  conducted  by  Lessor or Lessor's designee with Lessee retaining operational
control  of  the  Aircraft  during  the  acceptance  flight,  in accordance with
procedures  of  the  Manufacturer  of  the Aircraft designed for this purpose in
order  to  determine whether or not the Aircraft is in the condition required by
this  Lease.  All  reasonable  costs  and  expenses of any ground evaluation and
acceptance  flight  shall  be  borne  solely  by  Lessee.

               (d)     Overhaul.  Immediately  prior  to  the  return  of  the
                       --------
Aircraft  at  the  expiration or termination of this Lease, Lessee, upon written
request  of  Lessor  received  at  least  thirty  (30)  days  in advance of such
expiration  or termination date, will arrange for each Airframe and Engine to be
inspected  and/or  overhauled.  Such  inspection and/or overhaul shall be of the
type  customarily  performed  by  a  corporate  operator  similar to Lessee with
similar  airframes  and  engines  and,  except  to the extent such costs are the
responsibility  of Lessee under paragraph (c)of this Section 4, Lessor shall pay
                                -------------        ---------
the  actual  costs  in  connection  with  such  inspections  and/or  overhaul.

               (e)     Condition  of  Interior  and  Airframe  Exterior.  Lessee
                       ------------------------------------------------
agrees that on the return of the Aircraft, the interior and exterior shall be in
all  respects  clean and free of all items of personal property not belonging to
Lessor  (subject  to ordinary wear, tear and use of the Aircraft).  Lessor shall
have  the  right to inspect the Aircraft upon or subsequent to the expiration of
the prevailing Lease Term, and to require that Lessee take, at Lessee's expense,
all  steps  necessary  to  comply  with  the  requirements of this Section 4(e).
                                                                   -------------

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 12
<PAGE>
               (f)     Injunctive  Relief.  The provisions of this Section 4 are
                       ------------------                          ---------
of the essence of this Lease, and upon application to any court of equity having
jurisdiction  in  the  premises,  Lessor  shall  be entitled to a decree against
Lessee  requiring  specific  performance of the covenants of Lessee set forth in
this  Section  4.  For the avoidance of doubt, nothing in this Section 4(f)shall
      ----------                                               ------------
be  deemed  a  waiver  by  Lessee of its right to defend or object to any claim.

               (g)     Survival.  The  provisions  of  Section  4(a)  through
                       --------                        -------------
(f)hereof  and  all  of  the  obligations of Lessee thereunder shall survive the
expiration  or earlier termination of this Lease, the prevailing Lease Term, and
the  return  of  the  Aircraft.

          5.     RENT.
                 ----

               (a)     Rent.  (i)  Lessee  covenants and agrees to pay to Lessor
                       ----
the  Rent  as  calculated  under  this  Lease  and  as  set  forth  in the Lease
Supplements  or  other  agreement  executed and delivered pursuant to this Lease
throughout  the  Lease Term, payable in consecutive installments, in advance, on
each  Rent  Payment  Date  during  the  Lease  Term.

                    (i)     With  respect  to  the  Basic  Term,  the Basic Rent
Factor  shall be multiplied by the Aircraft Cost to determine the Basic Rent due
on the applicable Rent Payment Date, and such factor shall be adjusted upward or
downward  and  fixed on the applicable Acceptance Date as provided and evidenced
in  the  Lease  Supplements.  Such  Aircraft  Cost  shall  be  determined in the
aggregate  or  with  respect  to  each  Aircraft  in such manner as Lessor shall
determine  appropriate  in consultation with Lessee based on the actual Delivery
Dates  of  each  Aircraft.

                    (ii)     Renewal  Rent  (if  applicable)  shall  be computed
pursuant  to  Section  8(b) hereof and paid in accordance with this Lease on the
              -------------
applicable  Rent  Payment  Dates.

               (b)     Supplemental  Payments.  (a) Lessee also agrees to pay to
                       ----------------------
Lessor  or  to  whosoever  shall  be  entitled thereto all Supplemental Payments
promptly as the same shall become due and owing, and in the event of any failure
on  the  part of Lessee so to pay any such Supplemental Payment hereunder Lessor
shall  have  all  rights,  powers  and remedies provided for herein or by law or
equity or otherwise in the case of nonpayment of Rent.  Lessee also shall pay to
Lessor  or  to  whosoever  may  be  entitled thereto, on demand, as Supplemental
Payment  to the extent permitted by applicable Law, interest at the Default Rate
as  provided  in  Section  26  hereof.
                  -----------

               (c)     Method of Payment.  If the date that any payment of Basic
                       -----------------
Rent is due is not a Business Day the payment of Basic Rent otherwise payable on
such  date shall be payable on the next succeeding Business Day (unless that day
falls  in  the  next calendar month, in which case such payment shall be made on
the  first preceding Business Day).  All payments of Rent required to be made by
Lessee  to  Lessor  hereunder shall be made in same day funds in lawful money of
the  United States, and shall be paid by Lessee by 12:00 noon (New York time) to
the  account at the place of payment set forth on Schedule B attached hereto (or
                                                  ----------
such  other account at such other location as Lessor may designate in writing to
Lessee for such purpose).  Time is of the essence in connection with the payment
of  Rent

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 13
<PAGE>
          6.     NET  LEASE; LESSOR'S TITLE.  (a)  This Lease is a net lease and
                 --------------------------
Lessee  acknowledges  and agrees that Lessee's obligations hereunder, including,
without  limitation, its obligations to pay all Rent payable hereunder, shall be
absolute  and  unconditional  under  any and all circumstances and shall be paid
without  notice  or  demand  and  without  any abatement, reduction, diminution,
setoff,  withholding, defense, counterclaim or recoupment whatsoever, including,
without  limitation,  any  of  the  foregoing due or alleged to be due to, or by
reason  of,  any  past,  present  or future claims which Lessee may have against
Lessor,  the  Manufacturer or the manufacturer of any Engine or Part thereof, or
any  other  Person for any reason whatsoever; nor, except as otherwise expressly
provided  herein,  shall  this  Lease terminate, or the obligations of Lessee be
otherwise  affected,  by  reason of any defect in the Aircraft or any such Part,
the  condition,  design, operation or fitness for use thereof, any damage to, or
any loss or destruction of, the Aircraft or any Part, unit or component thereof,
any Liens or rights of others with respect to the Aircraft or any such Part, any
prohibition  or  interruption  of  or  other  restriction  against Lessee's use,
operation  or  possession  of  the  Aircraft  or  any  such Part, for any reason
whatsoever,  or  any  interference with such use, operation or possession by any
Person  or  entity,  or by reason of any failure by Lessor to perform any of its
obligations  herein  contained,  or  by  reason  of  any  other  indebtedness or
liability,  howsoever and whenever arising, of Lessor, or of Lessee to any other
Person,  or by reason of any insolvency, bankruptcy or similar proceedings by or
against  Lessor,  or Lessee, or for any other reason whatsoever, whether similar
or dissimilar to any of the foregoing, any present or future law to the contrary
notwithstanding;  it  being  the  intention  of the parties hereto that the Rent
payable  by  Lessee  hereunder shall continue to be payable in all events and in
the  manner  and  at the times herein provided, without notice or demand, unless
the  obligation  to  pay  the  same  shall be terminated pursuant to the express
provisions  of  this  Lease.  Lessee  hereby  waives, to the extent permitted by
applicable  Law,  any  and all rights which it may now have or which at any time
hereafter  may  be  conferred  upon  it,  by statute or otherwise, to terminate,
cancel, quit or surrender this Lease except in accordance with the express terms
hereof.  Without  limiting  any of Lessee's rights under the next sentence, each
payment of Rent made by Lessee to Lessor shall be final and Lessee will not seek
to  recover  any  part  of  such  payment from Lessor for any reason whatsoever,
except  for gross negligence or manifest error.  Nothing in this Section 6 shall
                                                                 ---------
be  construed  to  prevent  Lessee,  after complying with the terms hereof, from
pursuing  any claim it may have against Lessor or any other Person in such court
of  law  or  otherwise  as  Lessee  may  deem  appropriate.

          (b)     Title  to the Aircraft shall at all times remain in Lessor and
at  no time during the Lease Term shall title be vested in Lessee.  Lessee shall
acquire  no  right, title or interest in or to the Aircraft, except the right to
use  the  same.

          7.     EARLY  PURCHASE  OPTIONS.
                 ------------------------

          Provided  that  this Lease has not been terminated and that no Default
or Event of Default shall have occurred and be continuing, Lessee shall have the
option  (the "Early Purchase Option") on the Rent Payment Dates set forth in the
              ---------------------
Lease  Supplements  to  purchase the Aircraft in accordance with this Section 7.
                                                                      ---------
If  Lessee  wishes to purchase all (but not less than all) of the Aircraft under
this  Section  7,  it  shall  deliver  to Lessor written notice of its intent to
      ----------

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 14
<PAGE>
purchase  the  Aircraft (such purchase to be on an "as-is", "where-is" and "with
all  faults" basis, without any warranty whatsoever except with respect to title
and  freedom  from  Lessor  Liens) not less than ninety (90) nor more than three
hundred  and  sixty  (360)  days  prior to the Rent Payment Date on which Lessee
proposes  to  purchase  the  Aircraft.  The  purchase price (the "Early Purchase
                                                                  --------------
Option  Price")  for  the Aircraft shall be equal to the amount derived from the
--------------
percentages  of Aircraft Cost set forth in the Lease Supplements (which shall in
all  events  be  greater  than  10%  of  Aircraft Cost).  After delivery of such
notice,  Lessee shall on or before the proposed purchase date deliver to Lessor,
in  cash  or  other funds immediately available, the Early Purchase Option Price
plus  applicable  Taxes and other sums due under the Lease.  If Lessee purchases
the  Aircraft pursuant to the terms of this Section 7, upon receipt by Lessor of
                                            ---------
the  Early Purchase Price and all other amounts owed by Lessee hereunder, Lessor
shall  deliver  to Lessee a bill of sale transferring title to the Aircraft from
Lessor  to  Lessee  without  representation  or warranty (as contemplated above)
other  than  a  warranty  that since the Delivery Date, Lessor has not assigned,
sold  or transferred in whole or in part its title to the Aircraft and that such
title  is  free and clear of all Lessor Liens.  If Lessee fails or elects not to
deliver  its  notice  to  exercise its Early Purchase Option as required by this
Section 7(a), Lessee shall deemed to have waived such option and the Lease shall
------------
continue  in  full  force  and  effect.

8.     END  OF  LEASE  RENEWAL  ANDPURCHASE  OPTION.
       --------------------------------------------

          (a)     Purchase  Option.  Provided  that  this  Lease  has  not  been
                  ----------------
terminated  and  that  no Default or Event of Default shall have occurred and be
continuing,  on  the last day of the Basic Term, Lessee shall have the option to
purchase  all  (but  not  less than all) the Aircraft for a price (the "Purchase
                                                                        --------
Option  Price")  equal  to  the  Fair  Market  Value  as  determined  in Section
--------------                                                           -------
8(c)hereof.  If  Lessee  wishes  to purchase the Aircraft on the last day of the
----------
Basic  Term, it shall deliver to Lessor written notice of its intent to purchase
the  Aircraft  (such  purchase  to  be  on  an "as-is", "where-is" and "with all
faults"  basis, without any warranty whatsoever except with respect to title and
freedom  from  Lessor Liens) not less than ninety (90) days, nor more than three
hundred  sixty  (360)  days  prior to the last day of the Basic Term.  If Lessee
elects  to  purchase  the  Aircraft, Lessee shall deliver to Lessor the Purchase
Option  Price,  in  cash  (plus  applicable  Taxes  and other sums due under the
Lease),  on  or  before  the  last  day  of the Basic Term.  Upon receipt of the
Purchase  Option  Price,  Lessor  shall  deliver  to  Lessee  a  bill  of  sale
transferring  title to the Aircraft from Lessor to Lessee without representation
or  warranty  (as  contemplated  above)  other  than  a  warranty that since the
Acceptance  Date,  Lessor  has not assigned, sold or transfer-red in whole or in
part  its  title  to  the Aircraft, and that such title is free and clear of all
Lessor Liens.  If Lessee fails to deliver the Purchase Option Price to Lessor on
the  last day of the Basic Term, Lessee shall be deemed to have waived its right
to  exercise  this  purchase  option.

          (b)     Renewal  Option.  Provided  that  this  Lease  has  not  been
                  ---------------
terminated  and  that  no Default or Event of Default shall have occurred and be
continuing,  on  the last day of the Basic Term, Lessee shall have the option to
renew  this  Lease  with  respect to the Aircraft for the Renewal Term at a rent
equal  to the "Fair Rental Value" determined under Section 8(c)hereof which rent
                                                   ------------
shall  be  confirmed  in  writing  in a Lease Supplement or an amendment to this
Lease  executed  and delivered by Lessor and Lessee on or before the last day of
the  Basic  Term.  If  Lessee  wishes to renew this Lease on the last day of the

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 15
<PAGE>
Basic  Term,  (i) Lessee shall deliver to Lessor written notice of its intent to
renew  this  Lease not less than one hundred eighty (180) days prior to the last
day  of the Basic Term, and (ii) all terms of the Lease Documents shall continue
in  effect  without  change  except  (A)  Lessee  shall pay the Renewal Rent, in
advance, commencing on the last day of the Basic Term and throughout the Renewal
Term  and (B) the Casualty Loss Values shall be and remain equal to the Casualty
Loss  Value  in  effect  on and as of the last day of the Basic Term.  If Lessee
fails  to  comply  with  the  requirements of this Section 8(b), Lessee shall be
                                                   ------------
deemed  to  have  waived  its  right  to  exercise  this  renewal  option.

     (c)     Determination  of  Fair  Market  Value  and  Fair  Rental  Value.
             ----------------------------------------------------------------
               (i)     "Fair  Market  Value" or "Fair Rental Value", as the case
                        -------------------      -----------------
may  be, shall be determined on the basis of and shall be equal in amount to the
value  which would obtain in an arm's-length transaction between an informed and
willing  buyer-user  or  lessee-user  (other than a used aircraft dealer) and an
informed  and  willing seller or lessor under no compulsion to sell or lease, on
the  assumptions  that:  the  Aircraft  (A)  is being sold free and clear of all
Liens;  (B)  the  Aircraft  has been maintained in accordance with Section 10 of
                                                                   ----------
this Lease; and (C) the Aircraft is in the condition required upon the return of
the  Aircraft  under  Section  4 of this Lease.  In such determination, costs of
                      ----------
return  to  the location designated by Lessor shall not be a deduction from such
value(s).

               (ii)     If  the  Lessor  and  Lessee  have  not  agreed  upon  a
determination  of  the  Fair  Market  Value or Fair Rental Value of the Aircraft
within  thirty  (30)  days  after  one  of  the  parties  has  requested  such
determination,  that  determination  shall  be  made  by a certified independent
appraiser  approved  by  both  Lessor  and  Lessee,  such  approvals  not  to be
unreasonably withheld; and failing such approval in good faith within forty-five
(45) days, by Lessor alone may select such an appraiser.  The appraiser shall be
furnished  with  a  letter  of  instruction  concerning  the  preparation of the
appraisal, together with a copy of this Lease and the Supplements hereto and, to
the  extent  available  and  relevant,  related Lease Documents, purchase orders
and/or  invoices.  The  appraiser shall be instructed to make such determination
within  thirty  (30)  days following appointment.  The determination made by the
appraiser  shall  be  final  and  binding on both Lessor and Lessee.  The Lessee
shall  pay  the  fees  and  expenses  of  any  appraisal.

     9.     USE  OF  AIRCRAFT;  COMPLIANCE  WITH  LAWS.  Lessee  agrees that the
            ------------------------------------------
Aircraft  will  be  used and operated only (a) in its original configuration set
forth  in  the  Lease  Supplements  for  which  Lessee is duly authorized by the
Aeronautics  Authority,  (b) in the manner set forth in, and in accordance with,
the  terms,  conditions  and  provisions  of  the  insurance  policy or policies
providing the coverages specified in Section 16 hereof, (c) in the United States
                                     ----------
and (d) on Lessee's request, in other countries which are approved in writing by
Lessor  prior  to  entry  into  such  country.  In no event shall Lessee use and
operate  the  Aircraft,  or permit the Aircraft to be used and operated, for any
purpose for which the Aircraft is not designed or reasonably suitable, or in any
fashion  that may subject the Aircraft to any Liens, other than Permitted Liens,
or  in any area excluded from coverage by any such insurance policy or policies.
Lessee  further  agrees  that,  unless  the Lessee shall have received the prior
written  consent of the Lessor, the Aircraft will be used and operated solely in
the conduct of Lessee's and its Affiliates' business  and in compliance with all
applicable  Laws  of  any  federal,  state,  local  or  foreign  government  or

                                       Air Methods 2000 Aircraft Lease Agreement
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<PAGE>
Governmental  Authority  having jurisdiction with respect to the use, operation,
maintenance, condition, airworthiness and occupancy of the Aircraft, and the use
of  any  premises  or  facilities by the Aircraft, including without limitation,
those  of the Aeronautics Authority.  Lessee will not load, use, operate, hangar
or  store  the  Aircraft,  or permit the loading, using, operating, hangaring or
storing  of  the Aircraft, negligently, abusively, improperly or in violation of
this  Lease  or  so  as  to  void  any of the insurance coverages respecting the
Aircraft.  Lessee  shall  procure  and  maintain  in  effect  all  licenses,
certificates,  permits,  approvals  and  consents  required  by any Governmental
Authority  (including,  without  limitation,  the  Aeronautics  Authority)  in
connection  with  the  delivery,  use,  operation,  maintenance,  condition,
airworthiness  and  occupancy  of  the  Aircraft, and the use of any premises or
facilities  by  the  Aircraft.  Except  as  otherwise expressly permitted by the
terms  of  this  Lease,  the  Aircraft  will  at  all times be and remain in the
possession  and  control  of  Lessee.  Lessee  will keep the Aircraft adequately
protected at all times when not in use, and Lessee will not remove or permit the
Aircraft to be removed from its home airport as specified in Schedule B attached
                                                             ----------
hereto  for  periods  in  excess of thirty (30) days without first giving Lessor
written  notice  designating  the  contemplated  location  of  the  Aircraft and
obtaining  Lessor's  written  approval  thereof  (which  consent  shall  not  be
unreasonably  withheld  or  delayed)  and Lessee will not permanently remove the
Aircraft,  or  permit  the  Aircraft  to  be permanently removed, from such home
airport  without  Lessor's  prior  written  consent,  which consent shall not be
unreasonably  withheld,  conditioned or delayed.  The Aircraft shall be operated
only  by  duly  licensed pilot operators currently certificated and qualified to
operate  the  Aircraft  by  the Aeronautics Authority and by any other authority
having jurisdiction therefor, and authorized by the terms of (in accordance with
the  provisions  and requirements of) the insurance policy or policies providing
the  coverages  specified  in  Section  16  hereof.
                               -----------

     10.     MAINTENANCE  OF  AIRCRAFT.  Lessee,  at  its sole cost and expense,
             -------------------------
shall  cause  the  Aircraft  to be maintained under the Maintenance Program, and
shall  service, repair, maintain and overhaul the Aircraft so as to (a) keep the
Aircraft  in  as  good  operating  condition  as when inspected by Lessee on the
Delivery  Date, ordinary wear and tear from proper use thereof excepted, and (b)
keep  the Aircraft in such operating condition and state of maintenance as shall
be  in accordance with prevailing industry standards for an aircraft of the same
type  as  the  Aircraft  and  in  accordance  with the Aeronautics Authority and
Manufacturer  approved  maintenance  program,  but  in  no  event less than such
operating  condition and state of maintenance as may be necessary to satisfy the
safety,  maintenance and airworthiness requirements of the Aeronautics Authority
and  any  other  Governmental  Authority, state or federal, foreign or domestic,
having  jurisdiction  with  respect  thereto.  Lessee covenants that in no event
shall the Maintenance Program with respect to the Aircraft be inferior to, or of
less quality than, its maintenance program with respect to any other aircraft of
similar  type owned or leased by Lessee.  Lessee shall, at its cost and expense,
comply  with  all  applicable  service,  maintenance,  repair  and  overhaul
regulations,  Airworthiness  Directives  and  instructions  of  any  Aeronautics
Authority  and all appropriate maintenance, service, repair and overhaul manuals
and  mandatory service bulletins published by the Manufacturer of the Airframes,
Engines,  accessories,  equipment  and Parts installed on the Aircraft; provided
                                                                        --------
that  any  mandatory  service bulletins shall be performed at the next scheduled
inspection  to  be  performed  on the Aircraft (such scheduled inspection not to
exceed twelve (12) months from the previous scheduled inspection).  All service,
inspection,  overhauls,  maintenance,  directives, repairs and improvements with

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 17
<PAGE>
respect  to  or  affecting  the  Aircraft  shall  be  made and performed only by
appropriately licensed, certificated and qualified personnel, in accordance with
applicable standards of any Aeronautics Authority or any other such Governmental
Authority  having  jurisdiction  with  respect  thereto.  At  its  own  cost and
expense,  Lessee  shall  maintain  in  English  all Aircraft Documents and other
materials  required  by  any  Aeronautics Authority or by any other Governmental
Authority  to  be maintained in respect of the Aircraft.  Lessee agrees that the
Aircraft will not be maintained, used or operated in violation of any applicable
Law  of  any  government  or  Governmental  Authority  having jurisdiction or in
violation  of  any airworthiness certificate, license or regulations relating to
the  Aircraft  issued  by  any  such  authority.

     11.     REPLACEMENT  OF  PARTS;  ALTERATIONS; MODIFICATIONS; AND ADDITIONS.
             ------------------------------------------------------------------
Lessee  may,  at  its  own  cost  and  expense, remove in the ordinary course of
maintenance, service, repair, overhaul or testing, any Part or Engine, provided,
                                                                       ---------
however,  that  Lessee  will,  at its own cost and expense, replace such Part or
-------
Engine  or cause such Part or Engine to be replaced, as promptly as practicable.
Lessee  may,  if  essential  to  its operations, use or install temporary parts,
accessories,  devices  or  other equipment on or in the Aircraft consistent with
its  normal  operations  and  applicable Law, provided that such temporary items
                                              --------
shall be replaced with a Part or Engine in compliance with this Lease as soon as
possible.  Any  such  Part,  Engine, equipment or appliance shall immediately be
and  become  the  property of Lessor and part of the Aircraft and subject to the
terms of this Lease.  In case any part of the Aircraft is required to be altered
or  modified,  or  any  equipment or appliance is required to be altered, added,
replaced  or  modified on any Airframes or any Engine or in either case in order
to  comply  with the Laws or Governmental Authority having jurisdiction over the
Aircraft  (a  "Required Alteration") pursuant to Sections 9 or 10 hereof, Lessee
               -------------------               ----------------
agrees  to  make such Required Alteration at its own expense.  Any such Required
Alteration  shall  immediately  be and become the property of Lessor and part of
the  Aircraft  and  subject  to  the  terms of this Lease.  All Parts or Engines
incorporated  or  installed  in  or  attached  to  any Airframe or any Engine in
connection  with  servicing, repairing, maintaining and overhauling the Aircraft
pursuant  to  the  requirements  hereof  (a  "Replacement")  shall be considered
                                              -----------
accessions  to  such Airframe or the Engine or Enginess, as the case may be, and
shall immediately, without further act, be and become the property of Lessor and
part  of  the  Aircraft  and  subject  to the terms of this Lease.  Lessee shall
purchase any Part or Engine to be replaced, altered or modified pursuant to this
Section  11  in the name of Lessor.  Such Part or Engines shall have a value and
-----------
utility,  useful  life,  maintenance  status  (assuming  maintenance  is then in
compliance  with  this Lease) and good operating condition at least equal to the
Parts  or Engine(s) being replaced (without regard to temporary Parts or Engines
referred  to  above)  and  be  free and clear of all Liens (other than Permitted
Liens).  Lessee  shall, upon the reasonable request by Lessor, deliver to Lessor
a  legal opinion in form and substance satisfactory to Lessor stating that title
and ownership to such Required Alteration or Replacement have been duly conveyed
to  Lessor  under applicable Law and any security interest of Lessor therein has
been  perfected  under  applicable  Law.  Lessee  may, without the prior written
consent  of  Lessor,  affix or install any Part on any Airframe or any Engine or
install any Engine on such Airframe, or make any improvement or addition thereto
other  than  a  Required  Alteration or Replacement (an "Improvement"); provided
                                                         -----------    --------
that  such  Improvement  is  readily  removable  without causing material damage
(Lessee  shall  repair at its expense any damage caused by such removal) to such
Airframe  or  such  Engine  prior  to  the  return  of the Aircraft to Lessor or
impairing  the  value,  utility or condition which such Airframe or Engine would
have  had  if such Improvement had not been so affixed or installed.  Lessee may
at  any time during the  Lease Term remove such removable Improvement at its own
expense  without  causing  at  any  time  during the term material damage to any
Airframe  or  any Engine; provided that Lessee shall repair any damage caused by
                          --------

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
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<PAGE>
such  removal,  and  upon such removal title thereto shall, without further act,
vest  in  Lessee  free  and clear of all Lessor Liens.  In addition, Lessee may,
without  the prior written consent of Lessor, remove any Part that Lessee in the
proper  conduct  of its business determines to be obsolete or no longer suitable
or  appropriate  for  use  on  any Airframe or any Engine; provided that no such
                                                           --------
removal  materially  impairs  the value, utility, useful life or condition which
such  Airframe  or  Engine  would have had if such removal had not been made and
Lessee  shall  repair any damage caused by such removal. Lessee shall not modify
the  Aircraft  (including any Airframe and any Engine) without the prior written
consent  of  Lessor.

     12.     REGISTRATION;  DELIVERY;  RECORDATION;  INSIGNIA  AND  INSPECTION.
             -----------------------------------------------------------------

          (a)     Lessee  shall  cause  the  Aircraft to be registered and shall
maintain  the  registration  of  the  Aircraft  with  the  Aeronautics Authority
pursuant  to  all  applicable Laws in the United States in the name of Lessor as
owner  and  shall not register or permit the registration of the Aircraft in any
other  name  or  under  the  laws  of  any other country.  Lessee shall promptly
provide  Lessor  with  evidence  of  such  registration, filing and recordation.
Lessee  agrees promptly to furnish Lessor such information as may be required to
file  any reports required to be filed by Lessor with any Governmental Authority
as  a  result  of  Lessor's  ownership  of  the  Aircraft.

          (b)     Upon the sale of the Aircraft to Lessor by Lessee, on or prior
to  the  Delivery  Date, Lessor may accept title to the Aircraft and the Bill of
Sale  therefor  from  the Lessee.  On the Delivery Date, Lessor and Lessee shall
inspect  the  Aircraft  and  Lessee  shall execute the Certificate of Acceptance
evidencing  Lessee's  acceptance  of  the  Aircraft  and  accept delivery of the
Aircraft  at  the  location  set forth in the Lease Supplement applicable to the
Delivery  Date.  On the Delivery Date, the Aircraft shall be registered with the
FAA  in  the  name  of  Lessor,  as  owner.

          (c)     Lessee  agrees,  at  its  own  cost and expense, to place such
insignia,  plates  or other identifications on any Airframe and, if practicable,
on  any Engines indicating Lessor's title thereto and Lessor's interest therein,
as Lessor may from time to time reasonably request; and in any event Lessee will
cause  to  be affixed to and maintained on the Airframes, in a location adjacent
to and not less prominent than the airworthiness certificate for the Aircraft is
required  to  be  displayed  under  FAA regulations, and on such Engine, a plate
bearing  the  following  legend  in  English:

          "PROPERTY  OF  AND  LEASED  FROM  C.I.T.  LEASING  CORPORATION".

Except  as  above  provided,  Lessee will not allow the name of any Person to be
placed  on  any  Airframe  or  on  any  Engine  as  a  designation that might be
interpreted  as  a  claim  of ownership;  provided, however, that the Lessee may
                                          --------  -------
cause  any  Airframe to be lettered or otherwise marked in an appropriate manner
for  convenience  of  identification  of  the  interest  of  the Lessee therein.

                                       Air Methods 2000 Aircraft Lease Agreement
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<PAGE>
          (d)     At all reasonable times upon notice, Lessor shall, at Lessor's
cost,  have  the  right  to  inspect  the Aircraft and the Aircraft Documents of
Lessee pertaining thereto where located, which shall be at the home base airport
for  the  Aircraft.  Lessor  shall  not  however  have  any  duty  to  make such
inspection  and  shall  not  incur  any liability or obligation by reason of not
making  any  such  inspection.

     13.     ASSIGNMENT  AND  SUBLEASING.
             ---------------------------

          (a)     By  Lessee.  Lessee  shall not assign this Lease or any rights
                  ----------
in  or  to  the  Aircraft  or sublease or otherwise relinquish possession of any
Airframe  or  any  Engine  or  install  any  Engine,  or permit any Engine to be
installed,  on  any  airframe other than such Airframe without the prior written
consent of Lessor, which consent shall not be unreasonably withheld, conditioned
or  delayed;  provided,  however,  that Lessee may, without the prior consent of
              --------   -------
Lessor  deliver  any  Airframe  or  any  Engine to the Manufacturer or any other
applicable  manufacturer thereof for testing or other similar purposes or to any
approved  maintenance provider for service, repair, maintenance or overhaul work
on  such  Airframe or Engine or for alterations or modifications in or additions
to  such  Airframe  or  Engine  to the extent required or permitted by the terms
hereof.  Any  attempted assignment or sublease not otherwise expressly permitted
hereby  shall be void and of no effect, unless Lessor first shall have consented
thereto  in  writing.  Lessor's  consent  to  an  assignment  in any one or more
instances shall not impose any obligation upon Lessor to consent to any other or
further assignments.  Lessor's consent to an assignment shall not release Lessee
from  any  obligations  with respect to this Lease unless expressly so stated in
the  written  consent.  Any  sublease or assignment permitted by Lessor shall be
evidenced  by  documentation  which  shall  be  in form and substance reasonably
satisfactory  to  Lessor.  Any administrative, credit, appraisal, legal or other
processing  costs  incurred  by  Lessor  in  connection  with  any  sublease  or
assignment  or  proposed  sublease or assignment, including, without limitation,
costs  to  determine  the  creditworthiness  and acceptability of any sublessee,
assignee  and  sublease  or  assignment, and legal fees and expenses incurred by
Lessor,  shall be for the account of Lessee and payable on demand by Lessor as a
Supplemental  Payment.  Each  such  sublease  and  assignment and all rights and
benefits  thereof, including, without limitation, any rents, casualty values and
other proceeds and products thereof, shall be fully assignable to Lessor without
consent  of  the  sublessee  or  assignee.

          (b)     By  Lessor.  All  rights  of Lessor hereunder may be assigned,
                  ----------
pledged,  mortgaged, transferred or otherwise disposed of, either in whole or in
part  (but  subject  always  to  the  rights  of Lessee under this Lease) to any
Person; provided that such assignment, pledge, mortgage, transfer or disposition
        --------
shall  in  no  way impair Lessee's rights and interests in the Aircraft and this
Lease.  Lessor shall give Lessee notice of any such assignment, and Lessee shall
acknowledge  receipt  thereof  in  writing, and Lessee shall execute and deliver
such  further  documents  and  instruments in connection with such assignment as
shall  be  reasonably  requested  by  Lessor.

     14.     LIENS.  Lessee  will  not  directly  or  indirectly  create, incur,
             -----
assume or suffer to exist any Lien on or with respect to the Aircraft, Airframe,
any Engine, or any Part thereof Lessor's title thereto, or any interest therein,
except (i) the respective rights of Lessor and Lessee as provided in this Lease,
(ii)  the  rights  of  Persons  under  agreements and arrangements to the extent
permitted by the terms of Sections 11 and 13, (iii) Lessor Liens, (iv) Liens for
                          ------------------

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 20
<PAGE>
Taxes  being  contested  by  Lessee  in good faith by appropriate proceedings in
accordance  with  Section  17(e)  hereof,  and  (v)  materialmen's,  mechanics',
                  --------------
workmen's,  repairmen's,  employee's, storage or other like Liens arising in the
ordinary  course of business, for amounts the payment of which is either not yet
delinquent or being contested by Lessee in good faith by appropriate proceedings
and  where,  in  Lessor's opinion, there is no danger of the sale, forfeiture or
loss  of  the  Aircraft,  Airframe  or any Engine or any Part, unit or component
thereof.  Lessee,  at  its own expense, will promptly pay, satisfy and otherwise
take  such  actions  as may be necessary to keep the Aircraft, all Airframes and
Engines  free  and  clear  of,  and  to duly discharge or eliminate or bond in a
manner  satisfactory  to  Lessor,  any  such Lien not excepted above if the same
shall  arise  at  any  time.  Lessee will notify Lessor in writing promptly upon
becoming  aware  of  any  tax  or  other Lien that shall attach to the Aircraft,
Airframe  or  any  Engine,  and  of  the  full  particulars  thereof.

     15.     LOSS,  DAMAGE  OR  DESTRUCTION.
             ------------------------------

          (a)     Risk  of  Loss,  Damage or Destruction.  Lessee hereby assumes
                  --------------------------------------
all  risk of loss, damage, theft, taking, destruction, confiscation, requisition
or  commandeering, partial or complete, of or to the Aircraft, however caused or
occasioned,  such  risk  to be borne by Lessee with respect to the Aircraft from
and  including  the  Delivery  Date,  and continuing until the Aircraft has been
returned  to  Lessor  in  accordance  with  the  provisions of Section 4 hereof.
                                                               ---------
Lessee  agrees  that  no  occurrence  specified  in the preceding sentence shall
impair,  in  whole  or  in  part,  any  obligation  of  Lessee under this Lease,
including,  without  limitation,  the  obligation  to  pay  Rent.

          (b)     Payment  of  Casualty Loss Value Upon an Event of Loss.  If an
                  ------------------------------------------------------
Event  of  Loss  occurs with respect to the Aircraft or any Airframe at any time
after  the  date  hereof  and until the Aircraft shall have been returned to the
Lessor  in  accordance  with Section 4 hereof, Lessee shall promptly give Lessor
                             ---------
written  notice  thereof  and  shall, not later than the earlier of the date (a)
three  (3)  days  following  the  date  of receipt of proceeds of insurance with
respect  to  such  Event  of  Loss  and  (b)  on  such date designated by Lessee
occurring on or before the date ninety (90) days after the date of such Event of
Loss, either (x) substitute an airframe for such Airframe in accordance with the
provisions  of  the  succeeding paragraph of this Section 15(b)and substitute an
                                                  -------------
engine for the Engine, if any, with respect to which such Event of Loss occurred
on  the  date  of  substitution  of  said airframe pursuant to the terms of this
Lease,  provided,  that, notwithstanding anything herein to the contrary, Lessee
        --------   ----
must  either  (A)  substitute an airframe in accordance with this Section 15 for
                                                                  ----------
such  Airframe  on  or  prior to the last day of the calendar year on which such
Event  of Loss occurs or (B) agree to indemnify Lessor for all costs, losses and
expenses  (including  but  not limited to the loss of any tax benefits) incurred
directly  or  indirectly  by  Lessor in connection with the substitution of such
Airframe  after  the  last  day of the calendar year on which such Event of Loss
occurs, or (y) pay to Lessor on the Rent Payment Date next following the date of
such  Event  of  Loss (i) all past-due Rent, and (ii) the Casualty Loss Value of
the  Aircraft.  Upon payment in full of the amount specified in Section 15(b)(y)
                                                                ----------------
above,  plus all Supplemental Payments then due and payable by Lessee hereunder,
(1)  the  obligation  of Lessee to pay Basic Rent hereunder shall terminate, (2)
the  prevailing  Lease  Term  shall end, and (3) Lessor will transfer to Lessee,
without  recourse, representation or warranty (except as set forth in Section 19
                                                                      ----------
hereof with respect to title and Lessor Liens), all of Lessor's right, title and
interest  in  and  such  Airframe and Engine (if any) with respect to which such
Event of Loss occurred, as well as all Lessor's right, title and interest in and
to  any  Engine constituting part of the Aircraft but not installed thereon when
such  Event  of  Loss  occurred.

                                       Air Methods 2000 Aircraft Lease Agreement
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<PAGE>
     In  the  event  of  a substitution of an airframe pursuant to the preceding
paragraph,  Lessee  shall purchase in the name of Lessor or cause to be conveyed
to  Lessor,  as  replacement  for  such  Airframe, title to an identical type of
airframe,  free and clear of all Liens other than any Permitted Liens and having
a  value,  utility  and remaining useful life at least equal to, and being in as
good  operating  condition as, such Airframe, assuming that such Airframe was of
the  value,  utility and remaining useful life and in the condition and state of
repair  required by the terms hereof immediately prior to the occurrence of such
Event  of  Loss,  and  if  such  Event of Loss also occurred with respect to any
Engine,  Lessee  shall  duly  convey  or  cause  to  be  conveyed  to Lessor, in
replacement  for  such Engine with respect to which such Event of Loss occurred,
title to one engine with respect to which such Event of Loss has occurred of the
same  or  an improved make, model and manufacturer suitable for installation and
use on the Airframe, free and clear of all Liens other than any Permitted Liens,
having  a  value  and  utility at least equal to, and being in as good operating
condition  as,  the  Engine  with  respect to which such Event of Loss occurred,
assuming  that  the  Engine was in the condition and state of repair required by
the  terms hereof immediately prior to the occurrence of such Event of Loss.  In
either  case,  as  applicable,  prior  to or at the time of any such conveyance,
Lessee, at its own expense, will promptly (i) furnish Lessor with a bill of sale
in  form  and substance satisfactory to Lessor, with respect to such replacement
airframe  or  engine,  as  the case may be, (ii) cause supplements or amendments
hereto,  in  form  and  substance  satisfactory  to  Lessor,  subjecting  such
replacement  airframe  or  engine, as the case may be, to this Lease, to be duly
executed  by Lessee, (iii) furnish Lessor with such evidence of the condition of
such  replacement airframe or engine, as the case may be, and of compliance with
the  insurance  provisions  of Section 16 hereof with respect to the replacement
                               ----------
airframe  or  engine  as Lessor may reasonably request, (iv) deliver to Lessor a
legal  opinion  in  form  and  substance satisfactory to Lessor stating that the
title and ownership to such replacement airframe or engine have been conveyed to
Lessor  under  applicable  Law  and  any  security  interest  is protected under
applicable  Law, and (v) take such other action as Lessor may reasonably request
in  order  that such replacement airframe or engine, as the case may be, be duly
and  properly  titled  in  Lessor and leased hereunder to the same extent as the
Airframe or the Engine replaced hereby.  Upon full compliance by Lessee with the
terms  of  this  paragraph,  Lessor  will  transfer  to Lessee without recourse,
representation or warranty, express or implied, of any nature whatsoever (except
as  set  forth in Section 19 hereof with respect to the title and Lessor Liens),
                  ----------
and  on an "as-is, where-is" basis, all of Lessor's right, title and interest in
and  to  the Airframe, Engine with respect to which such Event of Loss occurred,
and  such  Airframe  or Engine shall thereafter no longer be an "Airframe" or an
"Engine"  (as the case may be) as defined herein.  Thenceforth, for all purposes
hereof, such replacement airframe or such replacement engine shall be deemed the
"Airframe" or an "Engine" (as the case may be) as defined herein and part of the
same  Aircraft  as  was  the  Airframe  or  the  Engine.

          (c)     Event  of  Loss  with  Respect  to  any  Engine.  Upon  each
                  -----------------------------------------------
occurrence  of  an  Event of Loss with respect to any Engine only and not to any
Airframe,  Lessee  shall give Lessor prompt written notice thereof and shall, as
promptly  as  possible  and  in  any  event  within  thirty  (30) days after the
occurrence of such Event of Loss, duly convey or cause to be conveyed to Lessor,
as  replacement  for  such  Engine,  title  to  another engine of the same or an
improved  make,  model  and manufacture as the Engine with respect to which such

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 22
<PAGE>
Event  of  Loss  occurred,  free and clear of all Liens other than any Permitted
Liens,  and  having  a value and utility at least equal to, and being in as good
operating  condition  as  the  Engine  with  respect to which such Event of Loss
occurred,  assuming that such Engine was in the condition and repair required by
the terms hereof immediately prior to the occurrence of such Event of Loss; and,
upon  such  conveyance,  Lessee,  at  its own expense, will promptly (i) furnish
Lessor  with  a bill of sale, in form and substance satisfactory to Lessor, with
respect  to such replacement engine, (ii) cause a supplement hereto, in form and
substance  satisfactory  to  Lessor,  subjecting such replacement engine to this
Lease, to be duly executed by Lessee, (iii) furnish Lessor with such evidence of
the  condition  of such replacement engine, and of compliance with the insurance
provisions  of  Section  16  hereof  with  respect to such replacement engine as
                -----------
Lessor  may reasonably request and, (iv) furnish Lessor with a legal opinion, in
form and substance satisfactory to Lessor, stating that title and ownership have
been  duly  conveyed to Lessor under applicable Law and as to such other matters
of  applicable  Law  as  Lessor  may reasonably request, and (v) take such other
action  as Lessor may reasonably request in order that title to such replacement
engine  is  duly  conveyed  to  Lessor and that such replacement engine has been
validly  subjected  to  this  Lease  to  the  same extent as the Engine replaced
thereby.  Upon  full  compliance by Lessee with the terms of this paragraph (c),
Lessor  will  transfer  to  Lessee without recourse, representation or warranty,
express  or  implied,  of  any nature whatsoever (except as to title and freedom
from  Lessor  Liens)  and  on  an "as-is, where-is" basis, Lessor's title to the
Engine  with respect to which such Event of Loss occurred, and such Engine shall
thereafter  no  longer  be  an "Engine" as defined herein.  Thenceforth, for all
purposes  hereof, such replacement engine shall be deemed an "Engine" as defined
herein  and  part  of  the  Aircraft.

          (d)     Application of Other Payments Upon Event of Loss. Any payments
                  ------------------------------------------------
(including,  without  limitation,  insurance  proceeds)  received at any time by
Lessor  or  by Lessee from any insurer, Governmental Authority or other party or
insurer  (except  Lessee) as a result of the occurrence of an Event of Loss will
be  applied  as follows:  (i) (except as provided in Section 16 hereof) any such
                                                     ----------
payments  received  at  any  time by Lessee shall be promptly paid to Lessor for
application  pursuant to the following provisions of this Section 15(d); (ii) if
                                                          -------------
any such payments are received with respect to any Airframe (or the Airframe and
any  Engine  then installed thereon) that has been or is being replaced pursuant
to  Section  15(b), so much of such payments as shall not exceed the cost of any
    --------------
replacement  Airframe,  Engine  to  be purchased pursuant to Section 15(b)hereof
                                                             -------------
shall be applied for payment of (or to reimburse Lessee for its payment of) such
replacement  Airframe,  Engine;  (iii)  if  any  such payments are received with
respect  to any Airframe (or the Airframe and any Engine then installed thereon)
that have not or are not being replaced pursuant to Section 15(b)so much of such
                                                    -------------
payments  as  shall not exceed the amount of the Casualty Loss Value required to
be  paid by Lessee pursuant to Section 15(b)hereof shall be applied in reduction
                               -------------
of  Lessee's  obligation to pay such amounts, if not already paid by Lessee, or,
if  already paid by Lessee, shall be applied to reimburse Lessee for its payment
of  such  amounts  unless  an  Event  of  Default  shall  have  occurred  and be
continuing;  (iv)  if  any such payments are received with respect to any Engine
that  has  been  or is being replaced pursuant to Section 15(c), so much of such
payments as shall not exceed the cost of any replacement Engine or Engines to be
purchased pursuant to Section 15(c)hereof shall be applied for payment of (or to
                      -------------

                                                                         Page 23
<PAGE>
reimburse  Lessee for its payment of) such replacement Engine or Engines, unless
an  Event of Default shall have occurred and be continuing; and (v) the balance,
if any, of such payments remaining thereafter shall be paid to Lessee, unless an
Event  of  Default  shall  have  occurred  and  be  continuing.

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 24
<PAGE>
     16.     INSURANCE.
             ---------

          (a)     Public  Liability  and  Property  Damage  Liability Insurance.
                  -------------------------------------------------------------
Lessee,  at  its own expense, shall maintain in effect comprehensive third party
aircraft  liability  insurance  against bodily injury and property damage losses
arising  from  ground,  flight and taxiing exposures, including, but not limited
to,  passenger  legal  liability, cargo liability (with a sublimit of $300,000),
contractual liability and products liability insurance, during the Lease Term in
an amount not less than $30,000,000 for any one accident, or series of accidents
arising  out  of  any  one occurrence, with respect to the Aircraft and Items of
Equipment.  Such  policy  shall  include war and allied risks in accordance with
standard market practice.  Any such liability insurance policy may be subject to
a  deductible  in an amount not to exceed the greater of $50,000 or five percent
(5%)  of the insured hull value per occurrence or such lesser amount as shall be
equivalent  to  the  industry standard for aircraft of the same type operated by
businesses  similarly situated to Lessee.  All such policies shall be maintained
in  effect  with  insurers  and/or  reinsurers  of  recognized  reputation  and
responsibility,  reasonably  satisfactory  to  Lessor  but  in no event having a
rating  in  Best's  Insurance Guide and Key Ratings of less than "A, VIII".  Any
policies  of  insurance  carried  in  accordance  with  this  Section 16 and any
                                                              ----------
policies  taken  out  in  substitution  or  replacement for any of such policies
shall:  (i) name Lessor (including its successors, assigns, officers, directors,
agents  and employees for purposes of this Section 16) and any other Indemnified
                                           ----------
Party  (each  sometimes  called  an  "additional  insured"  in this Section 16),
                                      -------------------           ----------
together  with  any  of  their  respective successors and assigns, as additional
insureds;  (ii)  provide  that  in  respect  of  the interests of Lessor and any
Indemnified  Party  such  policies  of  insurance  shall  insure Lessor and such
Indemnified  Party  regardless  of  any  breach  or  violation  of any warranty,
declarations  or  conditions contained in such policies by Lessee; (iii) provide
that  if the insurers cancel such insurance for any reason whatever, or the same
is  allowed  to  lapse  for  nonpayment  of premium, or if there is any material
change  in policy terms and conditions, such cancellation, lapse or change shall
not  be  effective  until  thirty  (30)  days  after  receipt  by Lessor and any
Indemnified  Parties  of written notice from such insurers of such cancellation,
lapse  or  change (ten (10) days for non-payment of premiums and with respect to
war  risk  insurance,  such  shorter  period  of  seven  (7) days or as shall be
customary  on  the  London market for such insurance in such area of the world);
(iv)  provide  that any additional insured, including Lessor nor any Indemnified
Party,  shall  have any responsibility for any premiums, commissions or calls in
connection  with  such  insurance;  (v)  waive  any  right of the insurer to any
setoff,  counterclaim or other deduction, whether by attachment or otherwise, in
respect  of any liability of Lessor or any additional insured; (vi) provide that
the  issuer  shall  waive  any rights of subrogation against Lessor or any other
additional  insured  to  the  extent  that  Lessee has waived its rights in this
Agreement;  (vii)  include  at  a  minimum the geographic limits, if any, of all
territories  over  which  the Aircraft will be operated; (viii) provide that any
reinsurance  policy  required  under  this  Agreement  shall,  to  the  extent
applicable,  contain  a  standard "cut through clause" for the benefit of Lessor
and  the  other additional insureds; and (ix) provide that all payments shall be
made  in  United  States  Dollars.  Each  liability  policy shall (A) be primary
without  right  of  contribution  from  any  other insurance which is carried by
Lessor  and (B) expressly provide that all of the provisions thereof, except the
limits  of  liability,  shall  operate  in  the  same  manner as if there were a
separate  policy  covering  each  insured.

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 25
<PAGE>
          (b)     Insurance  Against Loss or Damage to the Aircraft.  Lessee, at
                  -------------------------------------------------
its  own  expense,  shall  maintain in effect with insurers and/or reinsurers of
recognized  reputation  and responsibility reasonably satisfactory to Lessor but
in  no  event  having a rating in Best's Insurance Guide and Key Ratings of less
than "A, VIII":  (i) all-risk ground and flight aircraft hull insurance covering
the  Aircraft (including taxiing exposures); (ii) all-risk coverage with respect
to  Engines  (including  any  spare engine), Parts or Landing Gear while removed
from  the  Aircraft;  and  (iii)  war  risk  and  hijacking  (including
political/non-political  hijacking  and acts of terrorism) coverages, including,
but  not  limited  to, coverage against government confiscation, expropriations,
nationalization  or seizure, including the government of registry (if other than
the  United  States).  All  such  insurance  shall  be  in full force and effect
throughout  any  geographical  areas at any time over which the Aircraft will be
operated,  shall  be payable in Dollars in the United States and shall be in the
amount  of  the  applicable  Casualty Loss Value (based on the Aircraft Cost for
each  set  forth  in  the applicable Schedule to this Lease) which is the agreed
value  between Lessor and Lessee.  Any hull insurance carried in accordance with
this  Section  16  shall not contain any provision for self-insured amounts or a
      -----------
deductible,  provided  that  such insurance may be subject to a deductible which
does  not  exceed  $50,000  per occurrence. Each Engine, after removal, shall be
insured  for  not  less  than of the greater of (C) the applicable Casualty Loss
Value  which  is  the  agreed value between Lessor and Lessee and (D) the amount
necessary  to  obtain  a  replacement  Engine meeting the requirement of Section
                                                                         -------
15(c)  hereof  under a ground risks policy reasonably acceptable to Lessor.  Any
----
policies  carried  in  accordance  with  this  Section 16:  (1) shall be primary
                                               ----------
without  right of contribution from any other insurance which is carried by each
additional  insured,  including Lessor or any Indemnified Party, with respect to
the Aircraft; (2) shall provide that if such insurance is canceled or materially
changed  for  any  reason  whatsoever,  or  the  same  is  allowed  to lapse for
non-payment  of  premium,  such  cancellation,  change  or  lapse  shall  not be
effective  as  to  each  additional insured, including Lessor or any Indemnified
Party, for thirty (30) days (ten (10) days for non-payment of premiums and, with
respect to war risk insurance, seven (7) days or such shorter period as shall be
customary  on  the  London  market for such insurance in such area of the world)
after  receipt  by  Lessor and any Indemnified Party of written notice from such
insurers  of  such  cancellation or lapse or material change in policy terms and
conditions;  (3) shall provide that partial losses of less than $50,000 shall be
adjusted by and payable to Lessee (so long as no Default or Event of Default has
occurred  and  is continuing hereunder), but that in the event of a greater loss
than  $50,000  the  entire  insurance shall be adjusted by Lessee and Lessor and
payable  as provided below; (4) shall provide that in respect of the interest of
each  additional  insured,  including  Lessor  or any Indemnified Party, in such
policies  the insurance shall insure Lessor or such Indemnified Party regardless
of  any  breach  or  violation  of  any  warranties,  declarations or conditions
contained  in  such  policies by Lessee or any other Person; (5) shall waive any
rights  of  set  off,  counterclaim  or  deduction,  whether  by  attachment  or
otherwise,  and  all  rights  of subrogation against Lessor, and any Indemnified
Party,  together  with their respective successors, assignors, agents, officers,
employees and servants; (6) shall provide that neither Lessor nor any additional
insured  or  other  Indemnified Party shall have any liability for any premiums,
commission  or  calls  in  connection  with such insurance; (7) to the extent of
reinsurance,  if  applicable,  includes  a  cut-through  provision  permitting
additional insured including Lessor and any Indemnified Party to file claims and
to  obtain  payment directly from the reinsurers under the reinsurance policies;
and  (8)  subject  to clause (3) above, shall name Lessor as sole loss payee for
                      ----------
the  account  of  all interests with respect to all insurance proceeds up to the
amount  of  the  Casualty  Loss  Value.

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 26
<PAGE>
          Lessor  is not under any duty or obligation to verify the existence or
adequacy  of  any  insurance.

          Lessee  may  obtain  or  maintain  additional  hull  insurance  on the
Aircraft,  over  and  above  the Casualty Loss Value hereunder, provided that it
does  not adversely affect the coverage required to be maintained hereunder; and
Lessee  shall  be  the  sole  loss  payee  with  respect  to  such  insurance.

          (c)     Application  of Proceeds in an Event of Loss of Aircraft.  All
                  --------------------------------------------------------
insurance  payments received from policies maintained by Lessee as the result of
the  occurrence  of  an  Event  of  Loss  shall  be applied as follows:  If such
payments  are  received  with  respect to any Airframe and the Engines installed
thereon,  Lessor  and  Lessee  shall proceed diligently and cooperate fully with
each  other  in  the  recovery  of  any and all proceeds of insurance applicable
thereto,  and such insurance proceeds shall be paid to Lessor in an amount equal
to  the  Casualty  Loss  Value.

          (d)     Application  of  Proceeds  in the Absence of an Event of Loss.
                  -------------------------------------------------------------
As  between  Lessor  and Lessee, insurance payments with respect to any property
damage  to  the  Aircraft  or any Part thereof not constituting an Event of Loss
with  respect  thereto  will  be  applied  in payment repairs or for replacement
property  in  accordance  with  the  terms  of Sections 10 and 11 hereof, if not
                                               ------------------
already  paid by Lessee (or to reimburse Lessee for such repairs or replacements
already  paid  by  Lessee), and any balance remaining after compliance with such
Sections  with  respect  to  such  loss  shall be paid to Lessee or as otherwise
directed by Lessee.  Any amount which is payable to Lessee under this Section 16
                                                                      ----------
shall not be paid to Lessee if at the time of such payment a Default or an Event
of Default shall have occurred and be continuing, but shall be held by Lessor as
security for the obligations of Lessee under this Lease and such amount shall be
paid  to  Lessee  at such time as there no longer exists any Default or Event of
Default.

          (e)     Reports,  Etc.  Lessee's  insurance  underwriters  shall  be
                  --------------
required  to  advise Lessor in writing promptly of any default in the payment of
any  premium  and of any other act or omission on the part of Lessee which might
invalidate  or  render  unenforceable, in whole or in part, any insurance on the
Aircraft.  Not  less  than two (2) Business Days prior to the Delivery Date, and
thereafter on or prior to each renewal or replacement by Lessee of the insurance
required hereby, Lessee will furnish to Lessor one or more original certificates
each executed and delivered by an insurance underwriters appointed by Lessee and
approved by Lessor (which approval shall not be unreasonably withheld) and other
proper  evidence of endorsement of Lessor  on the insurance policies required to
be maintained under this Section 16, which together shall describe in reasonable
                         ----------
detail  insurance  carried  on the Aircraft and shall certify that the insurance
then  maintained  on the Aircraft complies with the terms of this Lease.  Lessee
will  cause  each such approved insurance underwriters to agree to advise Lessor
in  writing  at  least thirty (30) days (seven (7) days or such lesser period as
may  from  time  to  time  be  applicable in the case of any war risk and allied
perils  coverage)  prior  to the non-renewal, termination or cancellation by the
underwriters  for  any reason (including, without limitation, failure to pay the
premium  therefor)  of  any  such insurance or as soon as possible in respect of
"non-renewal"  or  automatic  termination  for war risk.  Not less than five (5)
Business  Days  before  the  expiration  or  termination  date  of any insurance
required  hereunder,  Lessee  will  provide  Lessor  with  telexed or telecopied
confirmation  from  Lessee's  insurance  brokers  certifying  that  renewal
certificates  of  insurance  evidencing  the  renewal  or  replacement  of  such
insurance  pursuant  to  the provisions of this Section 16 will be issued on the
                                                ----------
termination  date  of the prior certificate of insurance coverage.  Within seven
(7) days after such renewal, Lessee will furnish to Lessor a certificate of such
insurance  coverage  from  such  insurance  broker.

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 27
<PAGE>
          (f)     Lessor's  Additional  Insurance.  Lessor, at its option and at
                  -------------------------------
its  sole  expense, may obtain insurance with respect to the Aircraft; provided,
                                                                       --------
that  no  such  insurance  shall  have  the  effect  of  suspending,  impairing,
defeating,  invalidating  or rendering unenforceable or reducing, in whole or in
part, the coverage of or the proceeds payable under any insurance required to be
provided  and  maintained  by  Lessee pursuant to this Section 16.  Lessee shall
                                                       ----------
have  no  right  to any proceeds of any insurance policies maintained by Lessor.

          (g)     Lessee's  Additional  Insurance.  Lessee, at its option and at
                  -------------------------------
its  sole expense, may obtain additional insurance with respect to the Aircraft;
provided, that no such insurance shall have the effect of suspending, impairing,
--------
defeating,  invalidating  or rendering unenforceable or reducing, in whole or in
part, the coverage of or the proceeds payable under any insurance required to be
provided and maintained pursuant to this Section 16.  Lessor shall have no right
                                         ----------
to  any  proceeds  of  any  insurance  policies  maintained  by Lessee except as
provided  in  the  Lease  Documents.

     17.     GENERAL  TAX  INDEMNIFICATION.
             -----------------------------

          (a)     Lessee  agrees  that all payments by Lessee in connection with
the transactions contemplated by this Lease shall be free of all withholdings of
any  nature  whatsoever  (including,  without  limitation,  withholding  taxes,
monetary  transfer  fees,  or  similar  taxes and charges), and in the event any
withholding is required, Lessee shall pay the same together with such additional
amount  as  is  required  so  that  each  such  payment  shall  be,  under  any
circumstances  and  in  any  event,  in  the  amount as set forth or referred to
herein.  Lessee  shall  pay,  and  shall  hold each Tax Indemnitee harmless from
liability  for,  any and all sales, use, business, gross or net income, personal
property,  license,  documentation, transfer, fuel, leasing, occupational, value
added,  excess  profits,  excise,  gross  or  net  receipts,  franchise,  stamp,
environmental  and  other  taxes,  levies, imposts, withholdings, charges, fees,
assessments  or  duties  of  any  nature,  together  with  any penalties, fines,
additions  to  tax  or  interest  thereon imposed by any Federal, state or local
government  or  taxing authority in the United States, or by any foreign country
or  any  taxing authority or subdivision thereof ("Taxes"), upon or with respect
                                                   -----
to,  based  upon  or  measured  by  the Aircraft or any Part thereof or interest
therein,  or  the  manufacture,  purchase,  financing,  refinancing,  ownership,
delivery,  leasing,  subleasing,  registration,  possession,  use,  location,
operation  (including,  without  limitation,  landing  and  take-off),  return,
replacement,  storage,  transfer  of  title,  acceptance  or  other  disposition
thereof,  or  the  rentals,  receipts  or earnings arising therefrom (including,
without limitation, the Rent) or otherwise with respect to or in connection with
the  transactions  contemplated  by this Lease or the other Operative Documents,
and  any  out-of-pocket  costs and expenses attributable to any of the foregoing
incurred  by  any  Tax Indemnitee; provided, however, that Lessee shall have not
                                   --------  -------
such  obligation with respect to (i) Taxes (other than sales, use, rental, value
added  and similar taxes) imposed by the Federal government of the United States
upon  or  with  respect  to,  based on or measured by, the net income of any Tax
Indemnitee;  (ii)  Taxes which are net income, capital, net worth, franchise, or

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 28
<PAGE>
similar conduct of business taxes which are imposed on any Tax Indemnitee by any
state  or  local taxing authority in the United States; (iii) Taxes imposed as a
result of a voluntary transfer or other disposition by Lessor of the Aircraft or
any  Part thereof or interest therein, unless such transfer or other disposition
occurs  by  reason  of  exercise  of  Lessor's  remedies  under this Lease after
occurrence  of  a Default or an Event of Default; (iv) Taxes imposed as a direct
and  primary  result  of  any  Tax  Indemnitee's  gross  negligence  or  willful
misconduct;  and  (v)  Taxes imposed as a result of Lessor's failure to file any
Tax  report or return in a timely or proper manner (provided Lessee has complied
with  Section  17(b)hereof).
      --------------

          (b)     Reports.  In  case  of  any  report  or return to be made with
                  -------
respect to any obligation of Lessee under this Section 17 or arising out of this
                                               ----------
Section  17, Lessee will either (i) make such report or return in such manner as
-----------
will  show  the  ownership  in  Lessor  of the Aircraft, and send a copy of such
report  or  return  to  the  relevant  Tax  Indemnitee  or  (ii) notify such Tax
Indemnitee  of such requirement and make such report or return in such manner as
shall  be  satisfactory  to  such Tax Indemnitee.  Lessee shall, at its expense,
duly  file  all  required  reports  and  returns  respecting  all  Taxes paid or
indemnified  against  by Lessee pursuant to Section 17(a)to the extent Lessee is
                                            -------------
permitted  to do so; provided, however, that if the same must be filed by an Tax
                     --------  -------
Indemnitee,  Lessee  will  advise such Tax Indemnitee of the necessity of filing
the  same  and,  in  sufficient  time  before the same are due, furnish such Tax
Indemnitee  with a completed copy thereof and funds in the amount required to be
submitted, together with any additional information and records relating thereto
as  such  Tax  Indemnitee  may  reasonably  request.  Lessee shall hold such Tax
Indemnitee  harmless  from  and  against  any  liabilities, obligations, losses,
damages,  penalties,  claims,  actions,  suits  and  costs  arising  out  of any
insufficiency or inaccuracy in any information in such report or return filed or
supplied  by  Lessee.  Lessee  shall  make available to such Tax Indemnitee such
other  information  and  records  as  are  maintained  by  Lessee  regarding the
location,  operation  or  use of the Aircraft.  If any Tax Indemnitee reasonably
requests  additional  information  relating to any Part or the operation, use or
location thereof, Lessee shall make available such other information and records
as  it  maintains  in  the  course  of  its  business.

          (c)     After-Tax  Nature of Indemnity.  (i)  Lessee agrees that, with
                  ------------------------------
respect  to  any  indemnity  payment  under  this  Lease,  including,  without
limitation,  this  Section  18,  such indemnity payment shall include any amount
                   -----------
necessary  to  hold  each Tax Indemnitee harmless on an after-tax basis from all
Taxes  required to be paid by such Tax Indemnitee with respect to such indemnity
payment  under  the  laws  of  any  Federal, state or local government or taxing
authority  in  the  United  States, or under the laws of any taxing authority or
subdivision  of  a  foreign  country.

               (ii)     For purposes of this Section 17(c), calculations made on
                                             -------------
an after-tax basis shall be made assuming the maximum statutory rates applicable
to  the  recipient  for  the relevant year, after taking into account deductions
attributable  to  the imposition of other taxes (such as state and local taxes),
which  would similarly be calculated on the basis of the maximum statutory rates
for  which  such  deduction  was  available  for  the  applicable  year.

          (d)     Payment of Taxes and Indemnities.  Lessee shall, to the extent
                  --------------------------------
permissible,  pay all Taxes directly and shall reimburse each Tax Indemnitee for
all Taxes paid or payable by such Tax Indemnitee within ten (10) days of receipt
of  written  notice that reimbursement for such amount is due.  Lessee shall pay
all  indemnities and other amounts due hereunder within five (5) days of receipt
of  written  notice  that  reimbursement  for  such  amount  is  due.

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 29
<PAGE>
          (e)     Contest.  If  a  written  claim  is  made  against  any  Tax
                  -------
Indemnitee  for  any  Taxes  for  which  Lessee  is  responsible  under  Section
                                                                         -------
17(a)hereof,  such Tax Indemnitee shall promptly notify Lessee;  provided, that,
----                                                             --------
the  failure  to  provide  such  notice  shall  not  affect Lessee's obligations
hereunder  to such Tax Indemnitee unless such failure shall preclude the contest
of  such  claim.  If  reasonably  requested  by Lessee in writing within 30 days
after  such  notification,  and  upon determination that the amount of the claim
exceeds $25,000 and that the action to be taken will not, in the sole opinion of
Lessor,  result  in  any  material danger of sale, forfeiture or loss of, or the
creation of any Lien on the Aircraft or any interest therein (or in the event of
such  material  danger  of sale, forfeiture, loss or lien, Lessee shall have not
obtained  a  bond  satisfactory to Lessor in Lessor's sole discretion), such Tax
Indemnitee  shall  upon receipt of an indemnity reasonably satisfactory to it at
the sole expense of Lessee (including, without limitation, all reasonable costs,
expenses,  losses,  legal and accountant's fees and disbursements, penalties and
interest)  in  good  faith contest the validity, applicability or amount of such
Taxes by in such Tax Indemnitee's sole discretion (i) resisting payment thereof;
(ii)  not  paying  the  same  except  under protest, if protest is necessary and
proper;  and  (iii)  if  payment  is  made, using reasonable efforts to obtain a
refund  thereof in appropriate administrative or judicial proceedings; provided,
                                                                       --------
however,  that  such  Tax Indemnitee shall not be required to take any action to
-------
contest  a  claim  unless  (x)  Lessee  provides  an  opinion  of tax counsel of
nationally recognized standing selected by Lessee and reasonably satisfactory to
such  Tax  Indemnitee,  to the effect that there is a reasonable basis under the
standard  set forth in ABA Formal Opinion 85-352 or any successor thereto in law
and  fact  for  contesting  such  proposed  adjustment  (which  opinion shall be
obtained  at  Lessee's sole cost and expense), (y) in the event that the subject
matter  of the contest is of a continuing nature and has previously been decided
adversely pursuant to the contest provisions of this Section 17(e)by the highest
                                                     -------------
court  to  which  an  appeal  was  taken,  there  has  been  a change in the law
(including,  without  limitation,  amendments  to  statutes  or  regulations,
administrative  rulings and court decisions) after such claim shall have been so
previously  decided  and  such  Tax Indemnitee shall have received an opinion of
independent  tax counsel selected by such Tax Indemnitee, which opinion shall be
obtained  at  Lessee's  sole  expense,  to  the effect that, as a result of such
change  it  is  (at  least)  as  likely  as not that the position which such Tax
Indemnitee or Lessee, as the case may be, will assert in any contest of such Tax
would  prevail,  and  (z) prior to the commencement of any contest, Lessee shall
have delivered to such Tax Indemnitee a written acknowledgment of its obligation
to  fully  indemnify  Lessor  to  the extent the contest is not successful.  Any
contest required pursuant to the preceding sentence shall, at the option of such
Tax  Indemnitee,  be  conducted  by such Tax Indemnitee or Lessee in the name of
Lessee  or  such  Tax Indemnitee.  If any contest involves payment of the Tax in
question,  Lessee  shall  either  make  such payment directly to the appropriate
authority  or  advance  to  such  Tax  Indemnitee  sufficient  funds  (on  an
interest-free  basis)  to  make  such  payment.

          If  a Tax Indemnitee shall obtain an actual refund or credit of all or
any  part  of  any Taxes paid by Lessee, such Tax Indemnitee shall pay to Lessee
the  amount  of  such  refund  or  credit  (taking  into account any tax savings
resulting  therefrom), net of expenses not already paid or reimbursed by Lessee,
and  any  interest  fairly  attributable thereto plus an amount equal to the Tax
savings  realized  by  such  Tax Indemnitee as a result of any payment to Lessee
pursuant  to  this  paragraph;  provided, however, that such amount shall not be
                                --------  -------

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payable  before Lessee makes all payments and indemnities to such Tax Indemnitee
then due hereunder; and, provided further, however, that the aggregate amount of
                         -------- -------  -------
all  payments  with respect to any Taxes made by such Tax Indemnitee pursuant to
this  sentence  shall  not  exceed  the aggregate amount of all payments made by
Lessee  to  such Tax Indemnitee pursuant to this Section 17 with respect to such
                                                 ----------
Taxes.

          Notwithstanding  anything  to the contrary herein, (x) if a Default or
Event  of  Default  shall  have  occurred and be continuing, Lessee shall not be
entitled,  and  no Tax Indemnitee shall be obligated, to commence or to continue
any  contest hereunder and (y) in no event shall a Tax Indemnitee be required to
appeal  an  adverse  judicial  decision  to  the  United  States  Supreme Court.

          Lessee  shall  not  be  deemed  to  be  in  default  under  any of the
indemnification  provisions  of  this  Section  17  while it or a Tax Indemnitee
                                       -----------
diligently  prosecutes  such  contest  pursuant  to  this  Section  17(e).
                                                           --------------

          Nothing  contained  in  this  Section  17(e)shall  require  any  Tax
                                        --------------
Indemnitee  to  contest  or  permit  Lessee  to  contest  a claim which it would
otherwise  be  required  to  contest  pursuant to this Section 17(e) if such Tax
Indemnitee  shall  waive payment by Lessee of any amount that might otherwise be
payable  by  Lessee  under  Section  17(a)by way of indemnity in respect of such
                            --------------
claim.

          (f)     Affiliated Group.  The terms "Lessor" and "Tax Indemnitee" for
                  ----------------
purposes  of  this Section 17 shall include the affiliated group of corporations
                   ----------
and  each  member  thereof  (within  the meaning of Section 1504 of the Code) of
which Lessor or a Tax Indemnitee is or shall become a member if such group shall
file  a  consolidated  United  States  Federal  income  tax  return.

          (g)     Survival.  The provisions of this Section 17 shall survive the
                  --------                          ----------
expiration  or  termination  of  this  Lease.

     18.     GENERAL INDEMNITIES.  (a)  Lessee hereby assumes liability for, and
             -------------------
does  hereby  agree,  whether or not any of the transactions contemplated hereby
are  consummated, to indemnify, protect, save, defend, and hold harmless each of
Lessor  and  its  respective  officers,  directors,  stockholders,  successors,
assigns,  agents and servants (but excluding the Manufacturer), (each such party
being herein, for purposes of this Section 18, called an "Indemnified Party") on
                                                          -----------------
an  after-tax basis from and against any and all obligations, fees, liabilities,
losses,  damages,  penalties,  claims, demands, actions, suits, judgments, costs
and  expenses,  including  legal  expenses,  of every kind and nature whatsoever
("Loss")  imposed on, incurred by, or asserted against any Indemnified Party, in
------
any  way  relating  to  or  arising  out  of  (a) the manufacture, construction,
ordering,  purchase,  acceptance  or rejection, ownership, titling or retitling,
registration  or re-registration, delivery, leasing, releasing, possession, use,
operation,  maintenance,  storage, removal, return, sale or other disposition of
the  Aircraft, or any portion thereof (including without limitation any Airframe
and  any  Engine)  and,  including, without limitation, any of such as may arise
from  (i)  loss or damage to any property or death or injury to any person, (ii)
patent  or latent defects in the Aircraft (whether or not discoverable by Lessee
or  any  Indemnified Party), (iii) any claims based on strict liability in tort,
and (iv) any claims based on patent, trademark or copyright infringement, or (b)
this  Lease,  the  Operative  Documents  or any failure on the part of Lessee to
perform  or  comply  with  any of the terms of this Lease or the other Operative
Documents  to  which  it  is  a  party.

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<PAGE>
          (b)     Notwithstanding  the preceding paragraph (a), Lessee shall not
be obligated to make any payment by way of indemnity to any Indemnified Party in
respect  of  (i) any Loss of such Indemnified Party which results from or arises
out  of  the  gross  negligence or willful misconduct of such Indemnified Party,
(ii)  any Loss arising out of and relating to the period after the return of the
Aircraft in accordance with the terms of this Lease, (iii) any Loss which arises
from  the  creation or existence of Lessor Liens, (iv) any Loss which relates to
any  sale,  pledge, mortgage, assignment, transfer or other disposition (whether
voluntary  or  involuntary)  by  such  Indemnified Party of any interest of such
Indemnified  Party  in  the Aircraft, any Airframe, any Engine or any Part other
than  a  transfer  or  disposition  in connection with an Event of Default under
Section  23  hereof, the exercise of remedies pursuant to Section 24 hereof or a
-----------                                               ----------
transfer  or disposition pursuant to Section 8 hereof effected solely by Lessor,
                                     ---------
(v)  any  Tax  (it being understood that Section 17 hereof and the Tax Indemnity
Agreement  provide  for  Lessee's liability with respect to Taxes), and (vi) any
Loss which constitutes expenses that such Indemnified Party shall have expressly
agreed  in  this Lease or any agreement relating hereto or thereto by which such
Indemnified  Party  is  expressly  bound to bear without right of reimbursement.

          (c)     Lessee  shall give each Indemnified Party prompt notice of any
occurrence,  event  or  condition  known to Lessee as a consequence of which any
Indemnified  Party  may  be entitled to indemnification hereunder.  Lessee shall
forthwith  upon  demand of any such Indemnified Party reimburse such Indemnified
Party  for amounts expended by it in connection with any of the foregoing or pay
such amounts directly.  If any Indemnified Party shall obtain a repayment of any
indemnified  amount paid by Lessee, such Indemnified Party shall promptly pay to
Lessee  the  amount  of  such repayment together with the amount of any interest
received  by  such  Indemnified  Party  on  account  of  such  repayment.

          (d)     Subject to the provisions of Section 18(c)hereof, Lessee shall
                                               -------------
pay  directly  to  each  Indemnified Party all amounts due under this Section 18
                                                                      ----------
within  five  (5)  days  of  the  receipt  of written notice by Lessee from such
Indemnified  Party  that  such  payment  is  due.

          (e)     On  the  Expiration  Date,  Lessee  shall  be subrogated to an
Indemnified  Party's  rights  in  any  matter  with  respect to which Lessee has
actually  reimbursed  such  Indemnified  Party for amounts expended by it or has
actually  paid  such  amounts directly pursuant to this Section 18.  In case any
                                                        ----------
action,  suit  or  proceeding  is  brought  against  any  Indemnified  Party  in
connection  with any claim indemnified against hereunder, such Indemnified Party
will,  promptly after receipt of notice of the commencement of such action, suit
or proceeding, notify Lessee thereof, enclosing a copy of all papers served upon
such  Indemnified  Party.  Lessee may, and upon such Indemnified Party's request
will, at Lessee's expense, resist and defend such action, suit or proceeding, or
cause  the  same  to  be  resisted or defended by counsel selected by Lessee and
reasonably  satisfactory  to  such  Indemnified  Party  and  in the event of any
failure  by Lessee to do so, Lessee shall pay all costs and expenses (including,
without  limitation,  reasonable  attorney's fees and expenses) incurred by such
Indemnified  Party  in  connection with such action, suit or proceeding.  Lessor
agrees  that  no  claim which is indemnifiable hereunder shall be compromised or
settled  without the prior written consent of Lessee, which consent shall not be
unreasonably  withheld.

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<PAGE>
          (f)     Lessee  agrees  that, with respect to any payment or indemnity
hereunder,  such payment or indemnity shall include any amount necessary to hold
the Indemnitee harmless on an after-tax basis from all Taxes required to be paid
by  such  Indemnified  Party with respect to such payment or indemnity under the
laws of any Federal, state or local government or Taxing Authority in the United
States, or under the laws of any Taxing Authority or governmental subdivision of
a  foreign country.  For purposes of this Section 18(f), calculations made on an
                                          -------------
after-tax basis shall be made assuming the maximum statutory rates applicable to
the  recipient  for  the  relevant  year,  after  taking into account deductions
attributable  to  the imposition of other taxes (such as state and local taxes),
which  would similarly be calculated on the basis of the maximum statutory rates
for  which  such  deduction  was  available  for  the  applicable  year.

          (g)     The indemnities contained in this Section 18 shall continue in
                                                    ----------
full  force  and  effect  notwithstanding the expiration or other termination of
this  Lease,  and are expressly made for the benefit of and shall be enforceable
by  each  Indemnified  Party.

     19.     NO  WARRANTIES.  LESSOR NOT BEING THE MANUFACTURER OR VENDOR OF THE
             --------------
AIRCRAFT,  ANY  AIRFRAME  OR  ANY ENGINE OR ANY PART, MAKES NO REPRESENTATION OR
WARRANTY,  EITHER  EXPRESS  OR  IMPLIED, AS TO ANY MATTER WHATSOEVER, INCLUDING,
WITHOUT LIMITATION, THE DESIGN OR CONDITION OF THE AIRCRAFT, ANY AIRFRAME OR ANY
ENGINE,  ITS  MERCHANTABILITY,  DURABILITY,  SUITABILITY  OR ITS FITNESS FOR ANY
PARTICULAR  PURPOSE, THE QUALITY OF THE MATERIAL OR WORKMANSHIP OF THE AIRCRAFT,
AIRFRAME  OR  ANY ENGINE, OR THE CONFORMITY OF THE AIRCRAFT, ANY AIRFRAME OR ANY
ENGINE  TO  THE  PROVISIONS  AND  SPECIFICATIONS  OF ANY PURCHASE ORDER RELATING
THERETO,  AND LESSOR HEREBY DISCLAIMS ANY SUCH REPRESENTATION OR WARRANTY (WHICH
DISCLAIMER  LESSEE HEREBY ACKNOWLEDGES).  WITHOUT LIMITING THE GENERALITY OF THE
FOREGOING,  LESSOR  SHALL  NOT  BE LIABLE OR RESPONSIBLE FOR ANY DEFECTS, EITHER
PATENT  OR  LATENT (WHETHER OR NOT DISCOVERABLE BY LESSEE), IN THE AIRCRAFT, ANY
AIRFRAME  OR  ANY  ENGINE,  OR  FOR  ANY DIRECT OR INDIRECT DAMAGE TO PERSONS OR
PROPERTY  RESULTING  THEREFROM,  OR  FOR  LESSEE'S  LOSS OF USE OF THE AIRCRAFT,
AIRFRAME  OR  ANY  ENGINE OR FOR ANY INTERRUPTION IN LESSEE'S BUSINESS CAUSED BY
LESSEE'S  INABILITY  TO  USE THE AIRCRAFT, AIRFRAME OR ANY ENGINE FOR ANY REASON
WHATSOEVER.  NOTWITHSTANDING  THE  FOREGOING,  Lessor  represents,  warrants and
covenants  to  Lessee that (i) it has full power and authority to enter into and
perform  this  Lease  and the other Lease Documents to which it is a party, (ii)
the  execution,  delivery  and  performance  of  this  Lease and the other Lease
Documents  to  which  it  is  a party have been duly authorized by all necessary
action  on  the  part  of  Lessor,  do  not  require any stockholder approval or
approval  or  consent of any trustee or holders of any debt or other obligations
of  Lessor,  and  do  not  contravene  any  provision  of  any  applicable  Law,
governmental  rule,  regulation  or  order,  the  by-laws  or  other constituent
documents  of  Lessor  or  any  indenture,  mortgage, contract or other material

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<PAGE>
agreement  or instrument to which Lessor is a party or by which it or any of its
assets  may  be  bound  or  affected, (iii) this Lease constitutes the valid and
legally  binding  obligation  of Lessor enforceable against Lessor in accordance
with  its  terms,  except  as  such  enforceability may be limited by applicable
bankruptcy,  insolvency  or  other  similar  laws  affecting  creditors'  rights
generally and general principles of equity (regardless of whether enforceability
is considered in a proceeding at law or in equity), (iv) on the Delivery Date it
will have such good and marketable title to the Aircraft as it receives from the
Manufacturer  free  and  clear  of  all  Lessor  Liens and (v) so long as Lessee
performs  each  and  every  covenant  to be performed by it hereunder, Lessor or
anyone  claiming  by  or  through Lessor shall not interfere with Lessee's quiet
enjoyment  and  use  of  the  Aircraft.  So long and only so long as no Event of
Default  shall  have occurred and be continuing, and so long and only so long as
the  Aircraft  shall  be  subject  to this Lease and Lessee shall be entitled to
possession  of the Aircraft hereunder, (i) Lessor authorizes Lessee, at Lessee's
expense,  to  assert for Lessor's account, all rights and powers of Lessor under
any  manufacturer's, vendor's or dealer's warranty with respect to the Aircraft,
any  Airframe,  any Engine, and any part thereof, and (ii) Lessor hereby, to the
extent  permitted  by  any  such  manufacturer's, vendor's or dealer's warranty,
assigns  such warranty to Lessee, and Lessee may in its own name seek to enforce
the  same  against  any  manufacturer, vendor or dealer; provided, however, that
                                                         --------  -------
Lessee  shall indemnify, protect, save, defend and hold harmless Lessor from and
against  any  and  all  claims,  and  all  costs,  expenses, damages, losses and
liabilities  incurred or suffered by Lessor in connection therewith, as a result
of, or incident to, any action by Lessee pursuant to the foregoing authorization
or  assignment.

     20.     FINANCIAL  INFORMATION;  NOTICE
             -----------------------  ------

          (a)  From  the  date  of  execution of this Lease and during the Lease
Term,  Lessee  agrees  to  furnish  to  Lessor  such  information  as Lessor may
reasonably request at any time concerning the Lessee and its affairs, including,
without  limitation,  (i)  all  reports  and  filings made with any Governmental
Authority pursuant to the Securities Act of 1933, as amended, and the Securities
and Exchange Act of 1934, as amended, (ii) within ninety (90) days after the end
of  each  fiscal  quarter,  all  consolidated  quarterly  unaudited  financial
statements  of  Lessee  and  its  subsidiaries  (including  balance  sheets  and
statements  of  cash  flows)  prepared  by  Lessee  in  accordance with GAAP and
certified by Lessee's chief financial officer as fairly presenting the financial
condition of Lessee and its subsidiaries as of the end of such quarterly period,
and  (iii)  all  audited  consolidated  financial  statements  of  Air  Methods
Corporation  ("Air  Methods"),  the  ultimate parent of Lessee as at such end of
               ------------
each  fiscal  year  certified  by Air Methods' independent public accountants of
recognized  standing  (all  of the foregoing to be in form, substance and scope,
and  with  satisfactory  unqualified  opinions  of  Air Methods' accountants, as
Lessor  may  reasonably  require).

          (b) Lessee shall promptly, and in any event within ten (10) days, give
Lessor  notice  of any Default or Event of Default and actions Lessee intends to
take  in  relation  thereto.

     21.     CONDITIONS  PRECEDENT.  The  obligation  of Lessor to purchase from
             ---------------------
Lessee  and  lease the Aircraft to Lessee is subject to the following conditions
precedent having been complied with to the satisfaction of, or waived in writing
by,  Lessor  on  or  before  the  applicable  Acceptance  Date  (each  document,
instrument,  certificate, opinion or other paper referred to below to be in form
and  substance  reasonably  satisfactory  to  Lessor):

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<PAGE>
          (a)     The  following  documents set forth in this Section 21(a)shall
                                                              -------------
(x) have been duly authorized, executed and delivered by the respective party or
parties  thereto  on  the  Delivery  Date;  (y)  an executed copy of each of the
following  documents  shall  have been delivered to Lessor on the Delivery Date;
and  (z)  be  in  full  force  and  effect  on  all  Acceptance  Dates:

               (i) a  certified  copy  of the  Purchase  Agreement  and  related
documents;

               (ii) this Lease;

               (iii)of the  Assignment of Purchase  Agreement  together with the
related consent executed by the Seller and MASI;

               (iv) a legal  opinion  of  each of (A)  special  FAA  counsel  to
Lessor, and (B) counsel to Lessee;

               (v) a Lease Supplement  appropriately completed (and Lessor shall
possess the "original" thereof);

               (vi) the Tax Indemnity Agreement;

               (vii)  Aeronautical Bills of Sale executed by the Lessee in favor
of Lessor with respect to each Aircraft;

               (viii) FAA form Applications for Registration  executed by Lessor
with respect to each Aircraft;

               (ix) the Warranty Bill of Sale executed by the Seller;

               (x) the  Certificate of Acceptance  and all acceptance  documents
relating to each Aircraft to be executed and  delivered in  connection  with the
Purchase Agreement;

               (xi) UCC-1  Financing  Statements  executed by Lessee in favor of
the Lessor and filed in the appropriate  jurisdictions with appropriate agencies
in the State of  Delaware,  the State of Missouri,  the State of  Illinois,  the
State of Colorado and other states reasonably requested by Lessor;

               (xii)  to  the  extent  requested  by  Lessor,  evidence  of  the
acceptance by CT Corporation, New York, New York, of its appointment as agent to
receive service of process in New York on behalf of Lessee;

               (xiii)  such   agreements   regarding  the  payment  of  proceeds
constituting the Aircraft Cost as Lessor may request;

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<PAGE>
               (xiv) an amendment  to the Prior Lease  Documents  providing  for
cross defaults to the Lease Documents (as defined herein) and certain  technical
corrections in form and substance satisfactory to Lessor and Lessee; and

               (xv) such other documentation as Lessor may reasonably require.

          (b) Lessor shall have received the following:

               (i)  on  the  Delivery  Date,  evidence  satisfactory  to  Lessor
confirming that this Lease has been duly filed with the FAA;

               (ii) on each Acceptance Date, copies of all necessary consents or
approvals  from  any  Governmental  Authority  or such  other  Person  as to the
transactions contemplated by this Lease;

               (iii) on each Acceptance Date,  evidence that Lessee has obtained
such licenses,  operator's certificates or other documents from each appropriate
Governmental  Authority  as  may be  required  to  operate  the  Aircraft  under
applicable Law, including,  without limitation,  approval by the FAA of Lessee's
Maintenance Program for the Aircraft;

               (iv)  on  the   Delivery   Date,   a  copy  of  the  Articles  of
Incorporation of Lessee,  Seller and MASI and a copy of resolutions of the Board
of Directors of Lessee, Seller and MASI duly authorizing the execution, delivery
and performance by Lessee,  Seller and MASI of each of the Lease  Documents,  to
which it or they may be a party, and each other document required to be executed
and  delivered by Lessee,  in  accordance  with any  provisions  under the Lease
Documents;

               (v) on the first  Delivery  Date, a certificate  signed by a duly
authorized  officer of Lessee  certifying that (i) the copies of the Articles of
Incorporation  of Lessee,  and (ii) the resolutions of the Board of Directors of
Lessee,  are true and correct as of the such date, and such certificate shall be
in form and substance acceptable to Lessor, executed by Lessee;

               (vi) on each  Acceptance  Date,  a  certificate  signed by a duly
authorized officer of Lessee, dated such Acceptance Date, to the effect that (i)
the  representations and warranties of Lessee contained in Section 22 hereof are
                                                           ----------
true and  correct on and as of such date as though  made on and as of such date,
and all  authorizations  and  approvals of, giving of notice to, and filings and
recordings  with, all  Governmental  Authorities  and  authorities  which may be
conditions  to the  validity  or  enforceability  of  this  Lease,  or  Lessee's
performance  of the  terms  thereof  have been  duly  accomplished;  and (ii) no
Default or Event of Default has occurred and is  continuing or would result from
the lease of the Aircraft hereunder;

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<PAGE>
               (vii) on the first Delivery Date and each other  Acceptance  Date
as Lessor may request, a current certificate of existence of Lessee;

               (viii) On each Acceptance Date, a Lease Supplement  applicable to
such date (and Lessor shall possess the "original" thereof);

               (ix) on each  Acceptance  Date,  (A) the Basic Rent payable under
this Lease shall have been paid when due on the applicable Rent Payment Date and
(B) all transaction costs due and owing pursuant to Section 34 hereof shall have
                                                    ----------
been paid in full; and

               (x) on the first Delivery Date,  the  Transaction  Fee (which fee
has been paid);

               (xi) on each  Acceptance  Date,  a Notice of Proposed  Acceptance
Date appropriately completed;

               (xii) on each Acceptance,  such other documents and evidence with
respect to Lessee as Lessor or its counsel may request in order to establish the
consummation of the  transactions  contemplated by this Lease, the taking of all
corporate proceedings in connection therewith and compliance with the conditions
herein or therein set forth;

          (c) On  each  Acceptance  Date,  the  following  statements  shall  be
correct,  and Lessor shall have received evidence reasonable  satisfactory to it
to the effect that:

               (i)  Lessor  has good and legal  title to the  Aircraft  free and
clear of all Liens other than Permitted Liens;

               (ii) the  Aircraft  has been duly  certified  by the  Aeronautics
Authority as to type and airworthiness;

               (iii) the Aircraft has been duly  registered  with the FAA in the
name of Lessor as owner;

               (iv) the  representations  and  warranties  of  Lessee  contained
herein shall be true and correct on and as of the Acceptance Date as though made
on and as of the Acceptance Date;

               (v) all authorizations and approvals of, giving of notice to, and
filings and recordings with, all regulatory  bodies and authorities which may be
conditions  to  the  validity  or  enforceability  of  this  Lease  or  Lessee's
performance of the terms hereof have been duly accomplished;

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<PAGE>
               (vi)  no  event  shall  have  occurred  and be  continuing  which
constitutes a Default or an Event of Default under this Lease;

               (vii) there shall not have occurred,  on or after the date hereof
and on or prior to the  Acceptance  Date,  any  amendment or proposed  amendment
having  an  effective  date  or  proposed  effective  date  on or  prior  to any
Acceptance  Date to any Law  which  would  cause  Lessor  to have tax  liability
greater than assumed in any tax or other indemnity  agreement between Lessor and
Lessee set forth in this Lease or otherwise;

               (viii)  there has not occurred in Lessor's  reasonable  judgment,
any material  adverse  change in the business,  assets,  property,  prospects or
condition (financial or otherwise) of Lessee since the date of this Lease;

               (ix) the  Aircraft  shall have both (x) a distress  value on such
Acceptance  Date, and (y) an anticipated  residual value on the Expiration  Date
satisfactory to Lessor in its sole discretion.

     (d)     On  the  Delivery  Date,  Lessor  shall have received the following
items  in  a  in  form  and  substance  reasonable  satisfactory  to  it:

               (i) An appraisal  and other  evidence of the fair market value or
the distress value with respect to the Aircraft, satisfactory to Lessor;

               (ii) (A) A duly executed independent insurance and/or reinsurance
broker's report,  together with (B) certificates of insurance and/or reinsurance
from such broker and (C) loss payable endorsements, each satisfactory to Lessor,
as to the due  compliance  with the  terms of  Section  16  hereof  relating  to
                                               -----------
liability,  hull all-risk and hull war  insurance with respect to the Aircraft.

               (iii) All  approvals and consents of any trustee or holder of any
indebtedness  or obligation of Lessee which are required in connection  with any
of the transactions contemplated by the Operative Documents shall have been duly
obtained  and  evidence  thereof  shall  have  been  delivered  to  Lessor;  all
appropriate  action,  if any, required to have been taken in connection with any
of the transactions  contemplated by the Operative  Documents by the Aeronautics
Authority and each other Governmental  Authority having  jurisdiction shall have
been taken, and Lessee shall have furnished to Lessor copies of all governmental
approvals  required for the execution,  delivery and  performance of this Lease,
any other  Operative  Documents to which Lessee is a party and the  transactions
contemplated hereby and thereby;

               (iv)  Confirmation  that no change shall have occurred  after the
date of this Lease in applicable Law and no change in  circumstances  shall have
occurred and no fact or condition shall exist which,  in the reasonable  opinion
of Lessor,  would make it illegal under  applicable  Law for Lessor to lease the
Aircraft to Lessee; and

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<PAGE>
               (v) All  closing  conditions,  if any,  set  forth  in the  other
Operative Documents shall have been satisfied.

          (e)     On  each  Acceptance  Date, Lessor shall have received a fully
executed  Warranty  Bill of Sale from Lessee, reasonably satisfactory to Lessor.

     22.     LESSEE'S  REPRESENTATIONS,  WARRANTIES  AND  COVENANTS.  Lessee
             ------------------------------------------------------
covenants,  agrees,  represents,  warrants  and  covenants  to Lessor as of each
Acceptance  Date  and Rent Payment (except representations relating solely to an
earlier  date)  that:

          (a)     Lessee  is  a corporation duly organized, validly existing and
in  good  standing  under  the Laws of the State of Missouri, and is registered,
licensed  or  otherwise  certificated  or  duly  authorized  by  all appropriate
authorities  of  the  United  States to engage in air transportation and is duly
qualified  or  otherwise authorized to do business in all jurisdictions in which
it intends to operate the Aircraft, except for jurisdictions where failure to so
qualify  or  obtain  authorization  would  not  in the aggregate have a material
adverse effect on the business of Lessee and would not involve any danger of the
sale,  forfeiture  or  loss  of the Aircraft or impairment of the value thereof.
Lessee  also  represents, warrants and covenants that as of the Delivery Date it
operates,  and  it  will  throughout  the  Lease  Term  continue to operate, the
Aircraft  in  accordance  with  the  rules  and  regulations  of  the  FAA.

          (b)     Lessee  has full power and authority to enter into and perform
this  Lease  and the other Lease Documents to which it is a party, including the
documents  executed  or to be executed by Lessee in connection with the Purchase
Documents  and  the  execution,  delivery  and  performance  of  this Lease, the
Purchase  Documents  and the other Lease Documents (i) have been duly authorized
by  all  necessary  action  on  the  part  of  Lessee,  (ii)  do not require any
stockholder  approval  or  approval  or consent of any trustee or holders of any
debt  or  other obligations of Lessee except such as have been duly obtained and
(iii)  do  not  contravene  any  provision  of  any  Law,  the  by-laws or other
constituent  documents  of  Lessee or any indenture, mortgage, contract or other
material  agreement  or  instrument to which Lessee is a party or by which it or
any  of  its  assets  may  be  bound  or  affected.

          (c)     Neither the making nor performance by Lessee of this Lease and
each other Lease Document, including the documents executed or to be executed by
Lessee  in connection with the Purchase Documents nor the consummation of any of
the  transactions by Lessee contemplated hereby or thereby, requires the consent
or  approval  of,  the  giving  of  notice  to,  the  registration or filing for
recordation  with,  or  the  taking  of  any  other  action  in  respect of, any
Governmental  Authority.

          (d)     Each  of  this  Lease,  each Purchase Documents and each other
Lease  Document, including the documents executed or to be executed by Lessee in
connection  with  the  leasing of the Aircraft constitutes or, when so executed,
will  constitute  the valid and legally binding obligation of Lessee enforceable
against  Lessee  in  accordance  with  the  terms  thereof,  except  as  such
enforceability  may  be  limited  by  applicable bankruptcy, insolvency or other
similar  laws  affecting  creditors'  rights generally and general principles of
equity  (regardless  of  whether enforceability is considered in a proceeding at
law  or  in  equity).

                                       Air Methods 2000 Aircraft Lease Agreement
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<PAGE>
          (e)     There are no suits or proceedings pending or, to the knowledge
of Lessee, threatened in any court or before any regulatory commission, board or
other  administrative  or  governmental agency against or affecting Lessee which
relate  to  the  transactions  contemplated  hereby  and  which,  if  adversely
determined,  would have a material adverse effect on (i) the financial condition
or  business  of  Lessee,  (ii)  its  obligations under this Lease, or (iii) its
obligations under any of the Operative Documents.  Neither Lessee nor any of its
Affiliates  is in material default with respect to any order of any Governmental
Authority.

          (f)     In  reliance  upon  the  opinion  of  McAfee  & Taft delivered
pursuant  to Section 21 hereof (such reliance limited solely to matters relating
             ----------
to  filings  and  recordings  with  the  Aeronautics  Authority), except for the
registration  of  the Aircraft and the filing of this Lease with the FAA and the
filing  of  Uniform  Commercial Code financing statements in Delaware, Illinois,
Missouri  and  Colorado,  no  further filing or recording of any document and no
other  action  is  necessary  or  advisable,  whether  in  the  United States or
elsewhere, in order to establish and perfect under United States Federal and New
York State Law, Lessor's title to and interest in the Aircraft as against Lessee
and  any  third  parties claiming against or through Lessee, including trustees,
custodians  and other representatives or similar officials, under any bankruptcy
or  liquidation  law  or  regulations,  or  otherwise.

          (g)     The Aircraft (i) is not principally for use in any nation with
which  under United States Law, regulation or stated policy Lessee is prohibited
from  doing  business,  (ii)  is  not to be used principally in any nation which
engages  in  armed  conflict, declared or otherwise, and (iii) is not currently,
and will not be in the future, used in violation of the organizational documents
of  Lessee.

          (h)     The  obligations  of  Lessee  to  pay Rent hereunder will be a
direct and unconditional general obligation of Lessee, and will rank in right of
payment  at  least  pari  passu  with  all  unsecured and unsubordinated debt of
                    ----  -----
Lessee,  whether  now  or  hereafter  outstanding,  subject  to  any bankruptcy,
insolvency,  reorganization  or  similar  law.

          (i)     On the Delivery Date, Lessee has, and on each other Acceptance
Date,  Lessee  will  have,  no  material  liabilities,  contingent or otherwise,
including liabilities for taxes or any unusual forward or long-term commitments,
other  than payments due to Lessor under this Lease, and there are no unrealized
or  anticipated  losses  from  any  unfavorable  commitments of Lessee which may
materially  and  adversely  affect  the  financial  condition  of  Lessee.

          (j)     There  is  no  fact  peculiar  to  Lessee which Lessee has not
disclosed to Lessor in writing which materially and adversely affects or, so far
as  Lessee  can  reasonably  foresee,  would materially and adversely affect the
Aircraft or the property, business, prospects, corporate structure, ownership of
Lessee,  profits or condition (financial or otherwise) of Lessee or would impair
the  ability of Lessee to perform its obligations under this Lease and the other
Operative  Documents.

                                       Air Methods 2000 Aircraft Lease Agreement
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<PAGE>
          (l)     The  Aircraft  will on the Delivery Date and thereafter during
the  Lease  Term  be  covered  by  the  insurance required by Section 16 hereof.
                                                              ----------

          (m)     No  Default  or Event of Default under this Lease has occurred
and is continuing or will occur immediately after giving effect to the execution
and  delivery  of this Lease on the Delivery Date or any other Lease Document or
Purchase  Document  on any Acceptance Date.  Lessee is not on the Delivery Date,
and  will  not  on  any  other  Acceptance Date be, in violation in any material
respect of any term of its organizational documents, or other material agreement
or  instrument to which it is a party or by which it is bound.  Lessee is on the
Delivery Date, and will be on each other Acceptance Date, in compliance with all
Laws  to  which  it  is  subject,  the failure to comply with which would have a
material  and  adverse  effect  on  its  operations  or  condition, financial or
otherwise,  or  would  impair  the  ability of Lessee to perform its obligations
under this Lease or any other Operative Document to which Lessee is a party, and
has obtained all applicable licenses, permits, franchises and other governmental
authorizations  material  to  the  conduct  of  its  business.

          (n)     On  all  Acceptance Dates, (i) withholding of any Tax will not
be  required  upon any payments by Lessee to Lessor hereunder, and (ii) there is
no  Tax  imposed  by virtue of the execution or delivery of any of the Operative
Documents.  On  all  Acceptance  Dates,  Lessor will not be obligated to collect
sales  tax  on  any  payments  made  by  Lessee  to  Lessor  hereunder.

          (o)     Lessee's  chief  executive  office  (as defined in the Uniform
Commercial Code as in effect in the applicable jurisdiction) and principal place
of  business,  and  the  place where its records concerning the Aircraft and its
interest  therein  and  all documents relating thereto are kept is correctly set
forth  in  Schedule  B  hereto.
           -----------

          (p)     All  tax  returns  required  to  be  filed  by  Lessee  in any
jurisdiction  have  in fact been filed, and Lessee has paid or caused to be paid
all  taxes,  assessments,  fees and other governmental charges which have become
due  pursuant  to such returns or pursuant to any assessment received by it, and
Lessee  does  not  have  any  knowledge  of any actual or proposed deficiency or
additional  assessment  in  conjunction therewith which either in any case or in
the  aggregate  would be materially adverse to Lessee; and the charges, accruals
and  reserves  on  the  books  of  Lessee in respect of federal, state, local or
foreign taxes for all such years, and for the current fiscal year, make adequate
provision  for  all  unpaid  tax  liabilities  for  such  periods.

          (q)     Lessee  has  not, directly or indirectly, used the services of
any  broker,  agent  or finder in regard to any of the transactions contemplated
hereby;  and  no  broker's  or  finder's  fees  or  commissions or management or
advisory  fees  are,  will  or  may become payable arising out of any actions or
omissions  to  act  on  Lessee's  part  in  connection  with  the  transactions
contemplated  by this Lease or any other Operative Document to which Lessee is a
party.

          (r)     The  Maintenance Program maintained by Lessee for the Aircraft
and  the  Engines  shall  remain  in full force and effect and complies with and
shall,  at  all  times  during  the  Lease  Term,  continue  to  comply with all
applicable  Aeronautics  Authority  requirements  applicable  to  the  Aircraft.

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
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<PAGE>
          (s)     Lessee  is  not  in  default  in the performance of any of its
obligations  (i)  for  the  payment  of  indebtedness  for  borrowed  money in a
principal  amount in excess of One Hundred Thousand Dollars ($100,000) or of any
interest  or  premium  thereon  or  (ii) for the payment of rent under any lease
agreement  for  the  lease of real, personal or mixed property where the monthly
rental  exceeds  Ten  Thousand  Dollars ($10,000) or where the aggregate rentals
over  the  term  thereof exceed One Hundred Thousand Dollars ($100,000) or (iii)
for  any secured debt in excess of Two Hundred Fifty Thousand Dollars ($250,000)
in  the  aggregate.

          (t)     No indemnity claim affecting to the Aircraft or basis therefor
exists  under  the  Purchase  Agreement  and  each  representation  and warranty
thereunder is, to Lessee's knowledge, true and correct in all material respects.

     23.    EVENTS OF DEFAULT.  Any of the following events shall  constitute an
            -----------------
Event of Default (whether any such event shall be voluntary or  involuntary,  or
come about or be effected by operation of Law or pursuant  to or  in  compliance
with  any  judgment,  decree  or  order  of any Governmental Authority):

          (a)     Failure  of Lessee to pay within ten (10) days of the due date
therefor, any sum, including installments of Rent, owed by Lessee at any time to
Lessor  under  this  Lease;  Lessor  shall use reasonable efforts to give Lessee
written  notice  of  any  payments which may become past due; provided that, the
                                                              -------- ----
failure by Lessor to provide such notice to Lessee shall in no event be deemed a
waiver  by  Lessor  of  any  of  its  rights  hereunder;  or

          (b)     Lessee  shall  fail to observe or perform any of the covenants
or  agreements  of  Lessee  set forth in Sections 12 or 13(a)hereof or under the
                                         --------------------
Purchase Agreement, and such failure shall continue unremedied for ten (10) days
after  the  occurrence  thereof;  or

          (c)     Lessee  shall  fail  to  procure  and  maintain  any insurance
required by Section 16 hereof or shall operate the Aircraft outside the scope of
            ----------
the  insurance  coverage  maintained  with  respect  to  the  Aircraft;  or

          (d)     Lessee  or  either  Guarantor shall fail to perform or observe
any  other  covenant,  condition, or agreement to be performed or observed by it
under  this  Lease,  the  Lease  Documents  or  in  any agreement or certificate
furnished  to  Lessor or an other assignee or lender in connection herewith, and
such failure shall continue unremedied for thirty (30) days after written notice
by  Lessor  to  Lessee,  specifying  such  failure  and demanding the same to be
remedied;  or

          (e)     Lessee  or either Guarantor shall become insolvent or bankrupt
or  make  a  general  assignment  for the benefit of creditors or consent to the
appointment  of  a  trustee  or  receiver;  or  a trustee or a receiver shall be
appointed  for  Lessee  or  for  a  substantial part of its property without its
consent  and  shall  not  be  dismissed  for a period of sixty (60) days; or any
petition  for  the  relief,  reorganization  or  arrangement of Lessee or either
Guarantor or any other petition in bankruptcy or for the liquidation, insolvency
or  dissolution  of  Lessee  shall  be  filed by or against Lessee and, if filed

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 42
<PAGE>
against  Lessee,  shall  be  consented  to or be pending and not dismissed for a
period  of  sixty  (60)  days;  or  an  order for relief under any bankruptcy or
insolvency  law  shall  be  entered  by  any  court or Governmental Authority of
competent  jurisdiction  with respect to Lessee or either Guarantor, as the case
may  be; or any execution or writ or process shall be issued under any action or
proceeding  against  Lessee whereby the Aircraft, any Airframe or any Engine may
be  taken  or  restrained;  or

          (f)     Lessee's or either Guarantor's legal existence shall cease; or
Lessee  shall, without Lessor's prior written consent, sell, transfer or dispose
of,  or  pledge or otherwise encumber, all or substantially all of its assets or
property,  or  Lessee  or  either  Guarantor shall consolidate or merge with any
other  entity,  provided,  however,  that  an  Event  of  Default shall not have
                --------   -------
occurred if (i) Lessee is the surviving corporation of any such consolidation or
merger  or  (ii)  the  parties  to any such merger or consolidation include only
Lessee  and  its  Affiliate(s);  or

          (g)     any  representation, warranty, statement or certification made
by  Lessee or either Guarantor under any Purchase Document, Lease Document or in
the Certificate of Acceptance to which such Person is a party or in any document
or certificate furnished to Lessor, or any other assignee in connection herewith
or  pursuant  hereto,  shall  prove  to  be untrue or incorrect when made in any
material  respect,  or  shall  be  breached  in  any  material  respect;  or

          (h)     the  Lease  or  the  Guaranty  shall  cease  to be a valid and
effective  agreement  enforceable  in  accordance with its terms, except as such
enforceability  may  be  limited  by applicable bankruptcy, insolvency, or other
similar  laws  affecting  creditors'  rights generally and general principles of
equity  (regardless  of  whether enforceability is considered in a proceeding at
law  or  in  equity);  or

          (i)     (i)  any  material  default  or  Event  of  Default shall have
occurred under any Prior Lease Document; or (ii) any default or event of default
shall  occur  pursuant  to the terms of any lease or other financing arrangement
between (A) Lessor, any direct or indirect subsidiary of Lessor or any Affiliate
of  Lessor  and  (B)  Lessee  or any direct or indirect subsidiary of Lessee; or

          (j)     Lessee  shall  be  in  default  or  breach  of  any obligation
described  in  Section  22(s) above and such default shall continue for ten (10)
               --------------
days  after  the  occurrence  of  such  default  or  breach;  or

          (k)     there  shall  be  a  Material  Adverse Change in the business,
assets  or  prospects  of  Lessee  or either Guarantor or any direct or indirect
Subsidiary of Lessee or either Guarantor after the date hereof.  For purposes of
this  section,  "Material  Adverse  Change"  means,  in  the  sole  and absolute
discretion  of  Lessor,  which  discretion  shall  be  exercised in a reasonable
manner,  a  material  adverse change in (i) the business, operations, prospects,
properties,  assets  or condition (financial or otherwise) of Lessee taken on an
individual  basis  or  taken as a whole (together with its Subsidiaries) or (ii)
the  ability  of  any  Lessee  Person to perform its obligations under any Lease
Document  to  which it is a party or of Lessor to enforce any obligation arising
pursuant  to  the  Lease  Documents.

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<PAGE>
     24.     REMEDIES UPON DEFAULT.  Upon the occurrence of any Event of Default
             ---------------------
and  at  any time thereafter so long as the same shall be continuing, Lessor may
exercise  one  or more of the following remedies with respect to the Aircraft or
any  part thereof (including, without limitation, any Airframe or any Engine) as
Lessor  in  its  sole  discretion  shall  elect:

          (a)     Lessor,  at  its  option,  may  cause Lessee, upon the written
demand  of  Lessor and at Lessee's expense, to return promptly, and Lessee shall
return  promptly,  the  Aircraft to Lessor or at its direction in the manner and
condition  required  by, and otherwise in accordance with all the provisions of,
Section  4  hereof,  as  if  such Aircraft were being returned at the end of the
---------
Lease Term or, if Lessee does not so deliver such Aircraft, Lessor may terminate
this  Lease,  without  prejudice  to  any  other  remedies  of Lessor hereunder.
Whether  or not this Lease has been so terminated, Lessor at its option shall to
the  fullest extent permitted by applicable Law, (i) have the right to enter the
premises  of  Lessee  or  any  other  party  to take immediate possession of the
Aircraft  or  any part thereof and remove all or any part of the Aircraft or any
part  thereof  by  summary  proceedings  or  otherwise,  (ii)  not be liable, in
conversion or otherwise, for the taking of any personal property of Lessee which
is  in  or  attached  to the Aircraft, any Airframe, any Engine or Part which is
repossessed;  provided, however, that Lessor shall return to Lessee all personal
              --------  -------
property  of  Lessee  or  its  passengers  which was on the Aircraft at the time
Lessor  re-takes possession of the Aircraft; (iii) not be liable or responsible,
in  any manner, for any inadvertent damage injury to any of Lessee's property in
repossessing  and holding the Aircraft, any Airframe, any Engine or Part, except
for  that  caused  by or in connection with Lessor's gross negligence or willful
acts; (iv) have the right to maintain possession of and dispose of the Aircraft,
any  Airframe,  any  Engine  or  Part  on  any premises owned by Lessee or under
Lessee's  control;  (v)  have the right to obtain a key to any premises at which
the  Aircraft, any Airframe, any Engine or Part may be located from the landlord
or owner thereof; or (vi) cause Lessee, at Lessee's expense, to store, maintain,
surrender  and deliver possession of the Aircraft in the same manner as provided
in  Section  4  hereof, all without liability to Lessee for or by reason of such
    ----------
entry or taking of possession, whether for the restoration of damage to property
caused  by such taking or otherwise except damages caused by gross negligence or
willful  misconduct  of  the  Lessor  or  its  agents;

          (b)     Lessor  may sell the Aircraft or any Part thereof at public or
private  sale,  as Lessor may determine, free and clear of any rights of Lessee,
in  which  event Lessee's obligation to pay Basic Rent hereunder with respect to
the Aircraft for all Rental Periods commencing after the date of such sale shall
terminate and in the event that the net sales proceeds is less than the Casualty
Loss  Value as of the next preceding Rent Payment Date and any Basic Rent due as
of  the  date  of  such  sale,  Lessee  shall  pay  Lessor  the  difference;

          (c)     Lessor  may hold, keep idle or lease to others the Aircraft or
any Part thereof, as Lessor in its sole discretion may determine, free and clear
of any rights of Lessee in which event Lessee's obligation to pay Basic Rent for
any  Rental  Periods  commencing  after  Lessee  shall  have  been  deprived  of
possession  pursuant to this Section 24 shall be reduced by the net proceeds, if
                             ----------
any,  received  by  Lessor  from leasing the Aircraft or any Part thereof to any
Person  other  than  Lessee  for the same Rental Periods or any portion thereof;

                                       Air Methods 2000 Aircraft Lease Agreement
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<PAGE>
          (d)     If reasonably required by Lessor, Lessee, at its sole expense,
shall assemble and make the Aircraft, any Airframe, any Engine or Part available
at  a  place  designated  by Lessor in accordance with Section 4 hereof.  Lessee
                                                       ---------
hereby  agrees  that, in the event of the return to or repossession by Lessor of
the  Aircraft,  any  Airframe,  any  Engine  or Part, any rights in any warranty
(express  or  implied) heretofore assigned to Lessee or otherwise held by Lessee
shall  without  further  act,  notice  or  writing  be assigned or reassigned to
Lessor,  if  assignable.  Lessee  shall  be  liable to Lessor for all reasonable
expenses,  disbursements,  costs and fees incurred in (i) repossessing, storing,
preserving,  shipping, maintaining, repairing and refurbishing the Aircraft, any
Airframe,  any  Engine or Part to the condition required by Section 4 hereof and
                                                            ---------
(ii) preparing the Aircraft, any Airframe, any Engine or Part for sale or lease,
advertising  the sale or lease of the Aircraft, any Airframe, any Engine or Part
and selling or releasing the Aircraft, any Airframe, any Engine or Part.  Lessor
is  hereby  authorized  and  instructed,  at  its  option,  to  make  reasonable
expenditures  which  Lessor  considers  advisable  to  repair  and  restore  the
Aircraft,  any Airframe, any Engine or Part to the condition required by Section
                                                                         -------
4  hereof,  all  at  Lessee's  sole  expense;

          (e)     Lessee  shall  be  liable, except as otherwise provided above,
for  any  and all unpaid Rent and Casualty Loss Value hereunder before or during
the  exercise of any of the foregoing remedies and for all legal and arbitration
fees  (including reasonable attorneys' fees incurred in any and all judicial and
other  governmental  proceedings or arbitration proceedings, including appellate
proceedings,  whether  such  proceedings  arise  before  or after entry of final
judgment  or arbitration award) and other reasonable costs and expenses incurred
by Lessor by reason of the occurrence of any Event of Default or the exercise of
Lessor's  remedies  with  respect  thereto,  including  all reasonable costs and
expenses  incurred  in  connection with the return of the Aircraft in accordance
with  Section  4  hereof or in placing the Aircraft in the condition required by
      ----------
said  Section.  At  any  sale  pursuant to this Section 24, Lessee or any of its
                                                ----------
Affiliates may bid for and purchase the Aircraft.  Except as otherwise expressly
provided  above,  no  remedy  referred  to  in this Section 24 is intended to be
exclusive,  but  each  shall  be cumulative (except that nothing hereunder shall
entitle  Lessor  to  duplicative  remedies)  and in addition to any other remedy
referred  to above or otherwise available to Lessor at law or in equity; and the
exercise  or beginning of exercise by Lessor of any one or more of such remedies
shall  not  constitute  the  exclusive  election  of such remedies and shall not
preclude  the  simultaneous  or  later  exercise by Lessor of any or all of such
other  remedies.  No express or implied waiver by Lessor of any Event of Default
shall in any way be, or be construed to be, a waiver of any future or subsequent
Event  of  Default.

          (f)     Lessor  may  exercise  any  other right or remedy which may be
available  to  it  under  any  Operative  Document or under the New York Uniform
Commercial  Code or other applicable Law, or proceed by appropriate court action
to  enforce  the  terms  hereof  to  recover  damages  for  the  breach  hereof.

     25.     LESSOR'S  RIGHT TO PERFORM FOR LESSEE.  If Lessee at any time shall
             -------------------------------------
fail  to  pay to any Person any sum which Lessee is required to pay hereunder or
shall  fail to do or perform any other thing Lessee is required to do or perform
hereunder,  Lessor  at  its option may pay such sum or do or perform such thing,
and  Lessee  shall reimburse Lessor on demand for the amount of such payment and
for  the  cost  and  expense  which  may  be incurred by Lessor for such acts or
performance,  together  with interest from the date of demand until paid accrued
at  the  Default  Rate.

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<PAGE>
     26.     LATE  CHARGES.  If any installment of Rent or other sum owing under
             -------------
this  Lease  shall not be paid within ten (10) days of the date when due, Lessee
shall  pay Lessor interest on such amount at the Default Rate.  Such late charge
is  in  addition  to  and  not  in  lieu of other rights and remedies of Lessor.

     27.     FURTHER  ASSURANCES.  Lessee  will  promptly  and  duly execute and
             -------------------
deliver  to  Lessor  such  other  documents  and  assurances, including, without
limitation,  such  amendments  to  this  Lease  as may be reasonably required by
Lessor,  and  Uniform  Commercial  Code  financing  statements  and continuation
statements,  and  will  take such further action as Lessor may from time to time
reasonably  request  in  order  to  carry  out  more  effectively the intent and
purposes  of  this  Lease  and  to establish and protect the rights and remedies
created  or  intended  to  be  created  in  favor  of  Lessor.

     28.     NOTICES.  All  notices provided for or required under the terms and
             -------
provisions hereof shall be in writing, and any such notice shall be deemed given
when  personally  delivered  or  if  deposited  in the United States mails, with
proper  postage  prepaid,  for  first  class  registered  mail,  return  receipt
requested,  when received or when sent by telecopy with electronic confirmation,
addressed  if to Lessor or Lessee, at their respective addresses as set forth on
Schedule B hereof or at such other address as either of them shall, from time to
----------
time,  designate  in  writing  to  the  other.

     29.     GOVERNING LAW AND CONSENT TO JURISDICTION.  THIS LEASE SHALL IN ALL
             -----------------------------------------
RESPECT  BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF  NEW  YORK,  UNITED STATES OF AMERICA, INCLUDING ALL MATTERS OF CONSTRUCTION,
VALIDITY  AND  PERFORMANCE,  WITHOUT  GIVING  EFFECT  TO  THE  CONFLICT  OF LAWS
PROVISIONS THEREOF.  Lessee hereby irrevocably consents that any legal action or
proceeding  against  it  or  any of its assets with respect to this Lease may be
brought  in  any jurisdiction where Lessee or any of its assets may be found, or
in  any court of the State of New York or any Federal court of the United States
of  America located in New York, New York, United States of America, or both, as
Lessor  may  elect,  and  by execution and delivery of this Lease, Lessee hereby
irrevocably submits to and accepts with regard to any such action or proceeding,
for  itself  and  in  respect  of its assets, generally and unconditionally, the
jurisdiction  of  the  aforesaid courts.  Lessee hereby designates, appoints and
empowers  CT  Corporation  System  at its principal office at 1633 Broadway, New
York,  New  York  10019,  as  its authorized agent for service of process in the
State  of  New York in any suit or proceeding with respect to this Lease and the
other  Operative  Documents  to  which  Lessee  is  a  party  (such  agent being
hereinafter  called  the "Process Agent"); provided however, that if the Process
                          -------------    -------- -------
Agent  shall  at  any time cease to be the Process Agent, Lessee shall forthwith
designate  a  successor  Process  Agent  and  shall  give prompt. notice of such
designation to Lessor.  A copy of any such process served on such agent shall be
promptly  forwarded  by  air courier by the person commencing such proceeding to
Lessee  at its address set forth in Schedule B hereof, but the failure of Lessee
                                    ----------
to  receive  such copies shall not affect in any way the service of such process
as aforesaid.  Lessee further irrevocably consents to the service of process out
of  any  of  the  aforementioned  courts in any such action or proceeding by the
mailing  of  copies thereof by registered or certified first class mail, postage
prepaid,  to  Lessee  at  its  address  set  forth  in  Schedule  B hereof.  The
                                                        -----------

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 46
<PAGE>
foregoing, however, shall not limit the rights of Lessor to serve process in any
other  manner  permitted by Law or to bring any legal action or proceeding or to
obtain  execution  of  judgment in any jurisdiction.  Lessee further agrees that
final  judgment  against  Lessee  in any action or proceeding in connection with
this  Lease  shall  be  conclusive and may be enforced in any other jurisdiction
within  or  outside  the  United  States  of  America by suit on the judgment, a
certified  or exemplified copy of which shall be conclusive evidence of the fact
and  the  amount of Lessee's indebtedness.  Lessee hereby irrevocably waives, to
the  fullest  extent  permitted  by  Law,  any objection which Lessee may now or
hereafter  have to the laying of venue of any suit, action or proceeding arising
out  of  or  relating to this Lease brought in the State of New York, and hereby
further  irrevocably  waives  any claim that any such suit, action or proceeding
brought  in  the  State  of  New York has been brought in an inconvenient forum.

     30.     MISCELLANEOUS.  Any  provision of this Lease which is prohibited or
             -------------
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to  the  extent  of such prohibition or unenforceability without invalidating or
diminishing  Lessor's rights under the remaining provisions hereof, and any such
prohibition  or  unenforceability  in  any  jurisdiction shall not invalidate or
render  unenforceable  such  provision in any other jurisdiction.  To the extent
permitted  by  applicable  Law,  Lessee hereby waives any provision of law which
renders  any provision of this Lease prohibited or unenforceable in any respect.
No  term  or provision of this Lease may be amended, altered, waived, discharged
or  terminated  orally,  but  only  by an instrument in writing signed by a duly
authorized  officer or the party against which the enforcement of the amendment,
alteration,  waiver,  discharge  or  termination is sought.  A waiver on any one
occasion  shall  not  be construed as a waiver on a future occasion.  All of the
covenants,  conditions  and obligations contained in this Lease shall be binding
upon  and shall inure to the benefit of the respective successors and assigns of
Lessor  and  (subject  to the restrictions of Section 13(a)hereof) Lessee.  This
                                              -------------
Lease,  each  Lease  Supplement, the Certificate of Acceptance, and each related
instrument,  document,  agreement  and  certificate  collectively constitute the
entire  agreement  of  Lessor  and  Lessee  with  respect to the acquisition and
leasing  of  the  Aircraft,  and  cancel and supersede any and all prior oral or
written  understandings with respect thereto.  This Lease may be executed in any
number of counterparts, each of which shall be an original, with the same effect
as  if  the signatures thereto were upon the same instrument.  To the extent, if
any,  that this Lease or any Lease Supplement constitutes chattel paper (as such
term  is  defined  in the Uniform Commercial Code as in effect in any applicable
jurisdiction)  no security interest in this Lease or any Lease Supplement may be
created  through  the  transfer  of possession of any counterpart other than the
counterpart  which  has  been  marked  "Original"  on the face or signature page
                                        --------
thereof.

     31.     EFFECT  OF  THIS  LEASE.  This  Lease  shall  become  binding  and
             -----------------------
effective  when  it  shall  have  been  executed  by  each of Lessor and Lessee.

     32.     SURVIVAL.  The  representations,  warranties, covenants, agreements
             --------
and  indemnities  of  Lessee  set  forth in this Lease, and Lessee's obligations
hereunder,  shall  survive  the expiration or other termination of this Lease to
the  extent  required  for  full  performance  and  satisfaction  thereof.

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 47
<PAGE>
     33.     BROKERS.  Each  party  agrees  to  indemnify  and  hold  the  other
             -------
harmless from and against any and all claims, suits, damages, costs and expenses
(including,  but  not  limited  to  reasonable  attorney's fees) asserted by any
agent,  broker  or  other  third party for any commission or compensation of any
nature  whatsoever  based upon the lease of the Aircraft, if such claim, damage,
cost  or  expense arises out of any action or alleged action by the indemnifying
party, its employees or agents.  It is understood and agreed between the parties
that  this  Lease  has  been  concluded  by  direct  negotiation  without  any
intermediaries or agents.  Lessee hereby represents and warrants that he has not
been  paid,  agreed  to  pay  or caused to be paid directly or indirectly in any
form,  any  commission,  percentage,  contingent fee, brokerage or other similar
payments  of any kind, in connection with the establishment or operation of this
Lease, to any employee of Lessor or to any person or entity in the United States
or  elsewhere.

     34.     TRANSACTION  COSTS.  (a)  Whether  or  not  the  transactions
             ------------------
contemplated  hereby  are  consummated,  Lessee shall pay all costs and expenses
incurred  in  connection  with  the  preparation, execution and delivery of this
Lease  and  any  other  documents  delivered  in  connection  herewith after the
Delivery  Date,  including without limitation, the reasonable fees, expenses and
disbursements  of  counsel,  except as otherwise expressly set forth herein.  In
addition, Lessee shall be solely responsible for all costs, including reasonable
attorneys' fees and expenses, incurred in registering an executed counterpart of
this  Lease  and other documents and instruments which are required by Lessor to
be  filed  with  the  FAA.

          (b)     Without  limiting  the provisions of Section 17 and 18 hereof,
                                                       -----------------
Lessee  shall  pay  for all sales tax imposed upon or arising out of the sale or
delivery  of  the  Aircraft  under  the Purchase Agreement, regardless of who is
responsible  therefor  at law; provided, however, Lessor will cooperate with any
                               --------  -------
requests  made  by Lessee that are not adverse to Lessor's interests to minimize
such  sales  tax.

          (c)     Each  of Lessor and Lessee hereby agrees to pay the reasonable
costs  and  expenses of the other party incurred in connection with the entering
into  or  giving or withholding of any future waiver, supplement or amendment or
other  action  with  respect  to  the  Lease  or any other document delivered in
connection  herewith  that  it  may  request,  except in the case of an Event of
Default  in  which  case  all  of  such costs shall be at the expense of Lessee.

     35.     INTENT.
             ------

          (a)     Lessor and Lessee intend that for United States Federal income
tax  purposes  (i)  this  Lease  shall  constitute  a true lease and not a loan,
conditional  sale  agreement  or  financing agreement; and, (ii) Lessor shall be
considered the owner and Lessee shall be considered the lessee for all purposes.
Neither  Lessor  nor  Lessee  shall file any tax return, report or form with any
taxing  authority  that is inconsistent with the foregoing intent unless clearly
required  to  do  so  under  Law.

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 48
<PAGE>
          (b)     The  parties  agree  that  this  Lease is a "Finance Lease" as
defined  in Uniform Commercial Code Article 2A -- Leases ("Article 2A").  Lessee
acknowledges:  (a)  that the Seller is the "Supplier" (as defined in Article 2A)
and  the  Lessee  has selected the Aircraft and the Seller, as Supplier, without
any  assistance  from  or  consultation  with  Lessor;  (b) that Lessee has been
informed  in  writing  in  this Lease, before signing this Lease, that Lessee is
entitled under Article 2A to the promises and warranties, including those of any
third  party,  provided to Lessor by the Lessee in connection with or as part of
the  contract by which Lessor acquired the Aircraft.  To the extent permitted by
applicable  Law,  Lessee hereby waives any and all rights and remedies conferred
upon  a  lessee  under  Article  2A and any rights now or hereafter conferred by
statute  or  otherwise  which  may  limit  or  modify  any of Lessor's rights or
remedies  under  Section  24  of this Lease; provided, however, that such waiver
                 -----------                 --------  -------
shall not preclude Lessee from asserting any claim of Lessee against Lessor in a
separate  cause  of  action;  and  provided  further, that such waiver shall not
                                   --------  -------
affect  Lessor's  obligations of good faith, diligence, reasonableness and care.

     (c)     If,  notwithstanding  the express intent of the parties, a court of
competent  jurisdiction  determines that this Agreement is not a true lease, but
rather one intended as security, then solely in that event and for the expressly
limited purposes thereof, Lessee shall be deemed to have hereby granted Lessor a
first  priority, perfected security interest in this Lease, the Aircraft and all
accessions  thereto,  substitutions  and replacements therefor, and all products
and  proceeds  (including  insurance  proceeds)  thereof;  to  secure the prompt
payment  and  performance as and when due of all obligations and indebtedness of
Lessee  (or  any  Affiliate  of  Lessee)  to  Lessor,  now existing or hereafter
created.  For  the  purposes of this paragraph, this Lease or a photocopy hereof
may  be  filed  as  a  financing  statement  under  the Uniform Commercial Code.

     36.     TIME  IS  OF THE ESSENCE.  Time and strict and punctual performance
             ------------------------
are  of  the  essence  with  respect  to  each  provision  of  this  Lease.

     37.     DISCLAIMER  OF  CONSEQUENTIAL DAMAGES.  LESSEE AGREES THAT IT SHALL
             -------------------------------------
NOT  BE  ENTITLED  TO RECOVER, AND HEREBY DISCLAIMS AND WAIVES ANY RIGHT THAT IT
MAY  OTHERWISE  HAVE TO RECOVER, CONSEQUENTIAL DAMAGES AS A RESULT OF ANY BREACH
OR  ALLEGED  BREACH  BY  LESSOR  OF  ANY  OF  THE AGREEMENTS, REPRESENTATIONS OR
WARRANTIES  OF  LESSOR  CONTAINED  IN  THIS  LEASE.

     38.     WAIVER OF JURY TRIAL.  THE LESSEE AND THE LESSOR HEREBY WAIVE TRIAL
             --------------------
BY  JURY  IN  ANY  JUDICIAL PROCEEDING TO WHICH THEY ARE BOTH PARTIES INVOLVING,
DIRECTLY  OR  INDIRECTLY,  ANY  MATTER  (WHETHER  SOUNDING  IN TORT, CONTRACT OR
OTHERWISE)  IN  ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS LEASE
OR  THE  RELATIONSHIP  ESTABLISHED  HEREUNDER.

     39.     TRUTH-IN-LEASING  CLAUSE.  (a)  LESSEE  HAS REVIEWED THE AIRCRAFT'S
             ------------------------
MAINTENANCE  AND OPERATING LOGS SINCE ITS DATE OF MANUFACTURE AND HAS FOUND THAT
THE  AIRCRAFT)  HAS BEEN MAINTAINED AND INSPECTED UNDER PART 91 (AND PART 135 OF
THE  FEDERAL  AVIATION  REGULATIONS  SINCE  INCEPTION  OF  OPERATIONS.  LESSEE
CERTIFIES  THAT  THE AIRCRAFT PRESENTLY COMPLIES WITH THE APPLICABLE MAINTENANCE
AND  INSPECTION  REQUIREMENTS  OF PART 91 (AND PART 135) OF THE FEDERAL AVIATION
REGULATIONS.

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 49
<PAGE>
          (b)     LESSEE  CERTIFIES  THAT LESSEE, AND NOT LESSOR, IS RESPONSIBLE
FOR  OPERATIONAL  CONTROL  OF THE AIRCRAFT UNDER THIS AGREEMENT DURING THE LEASE
TERM.  LESSEE  FURTHER  CERTIFIES THAT LESSEE UNDERSTANDS ITS RESPONSIBILITY FOR
COMPLIANCE  WITH  APPLICABLE  FEDERAL  AVIATION  REGULATIONS.

          (c)     LESSEE  CERTIFIES  THAT  THE  AIRCRAFT  WILL BE MAINTAINED AND
INSPECTED  UNDER  PART 91 (AND PART 135) OF THE FEDERAL AVIATION REGULATIONS FOR
OPERATIONS  TO  BE  CONDUCTED  UNDER  THIS  LEASE.  LESSEE  UNDERSTANDS  THAT AN
EXPLANATION  OF  FACTORS  BEARING  ON  OPERATIONAL CONTROL AND PERTINENT FEDERAL
AVIATION  REGULATIONS  CAN  BE  OBTAINED  FROM  THE NEAREST FAA FLIGHT STANDARDS
DISTRICT  OFFICE,  GENERAL  AVIATION  DISTRICT  OFFICE,  OR AIR CARRIER DISTRICT
OFFICE.

                   [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
                                                                         Page 50
<PAGE>
     IN  WITNESS  WHEREOF,  the  parties  hereto have caused this Aircraft Lease
Agreement to be duly executed by their duly authorized representatives as of the
date  first  written  above.

                                             LESSOR:

                                             C.I.T.  LEASING  CORPORATION

                                             By:  /s/  Mark  Saylor
                                                 ---------------------------
                                             Name:  Mark  Saylor
                                             Title:  Vice  President

                                             LESSEE:

                                             ARCH AIR MEDICAL SERVICE, INC.

                                             By:  /s/  Aaron  D.  Todd
                                                 ----------------------------
                                             Name:  Aaron  D.  Todd
                                             Title:  Chief  Financial  Officer

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
<PAGE>
                                   SCHEDULE A
                                       TO
                            AIRCRAFT LEASE AGREEMENT

                             DESCRIPTION OF AIRCRAFT

SEE  ATTACHED  ANNEXES  I-1 THROUGH I-7 CORRESPONDING TO THE AIRCRAFT SUBJECT TO
               ------------------------
THE  LEASE

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.3
<PAGE>
                                   SCHEDULE B
                                       TO
                            AIRCRAFT LEASE AGREEMENT

                        ADDRESSES AND PAYMENT INFORMATION

Location  of  Payment  of  Rent:
-------------------------------

                            Bank  of  America
                            Remittance  Banking
                            CIT  Equipment  Finance

                            1000  West  Temple  Street
                            Los  Angeles,  California  90012
                            ABA  Number:  121000358
                            Account  Number:  1233-5-18855
                            For  Credit  to:  C.I.T.  Leasing  Corporation
                            or  at such other place as Lessor shall designate to
                            Lessee in writing

Home  of  Aircraft:
------------------

<TABLE>
<CAPTION>
AIRCRAFT TYPE  SERIAL NO.  AIRCRAFT DELIVERY LOCATION BY AIRCRAFT
-------------  ----------  --------------------------------------------------------
<C>            <C>         <S>
1. BK 117 B-1        7139  Joplin Medflight; St John's Hospital; 2727 McClellan
                           Blvd.; Joplin, MO (non-airport location)
-------------  ----------  --------------------------------------------------------
2. BK 117 B-1        7158  ARCH Air Medical Services; 18500 Edison Ave;
                           Chesterfield, MO-Spirit of St. Louis Airport
-------------  ----------  --------------------------------------------------------
3. BK 117 B-1        7201  ARCH Air Medical Services; 10125 Airport Rd.; Sparta
                           Airport; Sparta IL-Sparta Municipal Airport (non-airport
                           location)
-------------  ----------  --------------------------------------------------------
4. BK 117 B-1        7207  ARCH Air Medical Services; 2207 Scott Ave; St Louis,
                           MO (non-airport location)
-------------  ----------  --------------------------------------------------------
5. BK 117 B-1        7216  ARCH Air Medical Services; 2207 Scott Ave; St Louis,
                           MO (non-airport location)
-------------  ----------  --------------------------------------------------------
6. B-100               64  ARCH Air Medical Services; 18500 Edison Ave;
                           Chesterfield, MO-Spirit of St. Louis Airport
-------------  ----------  --------------------------------------------------------
7. B-100               27  ARCH Air Medical Services; 18500 Edison Ave;
                           Chesterfield, MO-Spirit of St. Louis Airport
-------------  ----------  --------------------------------------------------------
</TABLE>

Continue  next  page--

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
<PAGE>
Notice  Address  of  Lessor:
---------------------------

                                         The  C.I.T.  Leasing  Corporation
                                         1540  Fountainhead  Parkway
                                         Tempe,  Arizona  85282

                                         Attention:  Vice  President,  Credit
                                         ---------
                                         Telecopier:  (480)858-1496

                                         with  a  copy  to:

                                         The CIT Group/Equipment Financing, Inc.
                                         650  CIT  Drive
                                         Livingston,  New  Jersey  07039
                                         Attention:  Chief  Credit  Officer
                                         ---------
                                         Telecopier:   (201)740-5005

Address  of  Lessee:
-------------------

                                         ARCH  Air  Medical  Service,  Inc.
                                         7301  South  Peoria  Street
                                         Englewood,  Colorado  80112
                                         Attention:  Chief  Financial  Officer
                                         ---------
                                         Telecopier:  790-4780

Address  of  Agent  for  Service  of
------------------------------------
Process  for  Lessee  in  New  York:
-----------------------------------

                                         CT  CORPORATION
                                         1633  Broadway
                                         New  York,  New  York  10019
                                         Attention:  Timothy  Carlson

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.3
<PAGE>
                                TABLE OF CONTENTS

                                                                            Page
                                                                            ----
1.     DEFINITIONS                                                             1
       -----------
2.     AGREEMENT  FOR  PURCHASE  AND LEASE OF AIRCRAFT; MAXIMUM FUNDING;
       -----------------------------------------------------------------
FUNDING PROCEDURES                                                             9
------------------
3.     TERM                                                                   10
       ----
4.     RETURN  OF  AIRCRAFT                                                   10
       --------------------
5.     RENT                                                                   13
       ----
6.     NET  LEASE;  LESSOR'S  TITLE                                           14
       ----------------------------
7.     EARLY  BUYOUT  OPTIONS                                                 14
       ----------------------
8.     END  OF  LEASE  RENEWAL  ANDPURCHASE  OPTION                           15
       --------------------------------------------
9.     USE  OF  AIRCRAFT;  COMPLIANCE  WITH  LAWS                             16
       ------------------------------------------
10.     MAINTENANCE  OF  AIRCRAFT                                             17
        -------------------------
11.     REPLACEMENT  OF PARTS; ALTERATIONS; MODIFICATIONS; AND ADDITIONS      18
        ----------------------------------------------------------------
12.     REGISTRATION;  DELIVERY;  RECORDATION;  INSIGNIA  AND INSPECTION      19
        ----------------------------------------------------------------
13.     ASSIGNMENT  AND  SUBLEASING                                           20
        ---------------------------
14.     LIENS                                                                 21
        -----
15.     LOSS,  DAMAGE  OR  DESTRUCTION                                        21
        ------------------------------
16.     INSURANCE                                                             24
        ---------
17.     GENERAL  TAX  INDEMNIFICATION                                         27
        -----------------------------
18.     GENERAL  INDEMNITIES                                                  30
        --------------------
19.     NO  WARRANTIES                                                        32
        --------------
20.     FINANCIAL  INFORMATION                                                33
        ----------------------
21.     CONDITIONS  PRECEDENT                                                 34
        ---------------------
22.     LESSEE'S  REPRESENTATIONS,  WARRANTIES  AND  COVENANTS                38
        ------------------------------------------------------
23.     EVENTS  OF  DEFAULT                                                   41
        -------------------
24.     REMEDIES  UPON  DEFAULT                                               43
        -----------------------
25.     LESSOR'S  RIGHT  TO  PERFORM  FOR  LESSEE                             45
        -----------------------------------------
26.     LATE  CHARGES                                                         45
        -------------
27.     FURTHER  ASSURANCES                                                   45
        -------------------
28.     NOTICES                                                               45
        -------
29.     GOVERNING  LAW  AND  CONSENT  TO  JURISDICT                           45
        -------------------------------------------

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
<PAGE>
30.     MISCELLANEOUS                                                         46
        -------------
31.     EFFECT  OF  THIS  LEASE                                               47
        -----------------------
32.     SURVIVAL                                                              47
        --------
33.     BROKERS                                                               47
        -------
34.     TRANSACTION  COSTS                                                    47
        ------------------
35.     INTENT                                                                48
        ------
36.     TIME  IS  OF  THE  ESSENCE                                            48
        --------------------------
37.     DISCLAIMER  OF  CONSEQUENTIAL  DAMAGES                                48
        --------------------------------------
38.     WAIVER  OF  JURY  TRIAL                                               49
        -----------------------
39.     TRUTH-IN-LEASING  CLAUSE                                              49
        ------------------------

                                       Air Methods 2000 Aircraft Lease Agreement
                                                              10679.108.107383.5
<PAGE>LOAN AGREEMENT
                                 --------------

     THIS  LOAN  AGREEMENT (this "Agreement") is made and entered into as of the
25th  day  of  April,  2000,  by  and  between ARCH AIR MEDICAL SERVICE, INC., a
Missouri  corporation  ("Borrower"),  and FIRSTAR BANK, N.A., a national banking
association  ("Lender").

                                   WITNESSETH:
                                   ----------

     WHEREAS,  Borrower  has applied for (a) a revolving credit loan from Lender
in an aggregate principal amount of up to $1,500,000.00 and (b) a term loan from
Lender  in  the  original  principal  amount  of  $1,350,000.00;  and

     WHEREAS, Lender is willing to make said revolving credit loan and said term
loan  to  Borrower  upon,  and  subject to, the terms, provisions and conditions
hereinafter  set  forth;

     NOW,  THEREFORE,  in  consideration  of the premises and for other good and
valuable  consideration,  the  receipt  and  sufficiency  of  which  are  hereby
acknowledged, Borrower and Lender hereby mutually covenant and agree as follows:

SECTION 1.  DEFINITIONS.
-----------------------

     1.01  Definitions.  In  addition  to  the  terms  defined elsewhere in this
           -----------
Agreement or in any Exhibit or Schedule hereto, when used in this Agreement, the
following  terms  shall  have  the  following  meanings  (such meanings shall be
equally  applicable  to  the singular and plural forms of the terms used, as the
context  requires):

     Account  Debtor shall mean any Person who is and/or may become obligated to
     ---------------
Borrower  under  or  on  account  of  any  of  the  Accounts.

     Accounts  shall  mean  all trade accounts receivable of Borrower which have
     --------
been  invoiced  by  Borrower.

     Acquisition  shall  mean any transaction or series of related transactions,
     -----------
consummated  on  or  after  the date of this Agreement, by which Borrower or any
Subsidiary  directly  or indirectly (a) acquires all or substantially all of the
assets  comprising  one  or  more  business  units  of any other Person, whether
through  purchase  of  assets,  merger  or  otherwise  or  (b)  acquires (in one
transaction  or  as  the most recent transaction in a series of transactions) at
least  (i)  a majority (in number of votes) of the stock and/or other securities
of  a  corporation  having  ordinary  voting power for the election of directors
(other  than  stock  and/or other securities having such power only by reason of
the happening of a contingency), (ii) a majority (by percentage of voting power)
of  the outstanding partnership interests of a partnership, (iii) a majority (by
percentage of voting power) of the outstanding membership interests of a limited
liability  company  or  (iv)  a  majority  of  the  ownership  interests  in any
organization  or  entity  other  than  a  corporation  or  partnership.

     Affiliate  shall  mean  any Person (a) which directly or indirectly through
     ---------
one or more intermediaries controls, is controlled by or is under common control
with Borrower or any Subsidiary, (b) which directly or indirectly through one or
more  intermediaries  beneficially  owns or holds or has the power to direct the
voting power of Five Percent (5%) or more of any class of capital stock or other
equity  interests of Borrower or any Subsidiary, (c) which has Five Percent (5%)
or more of any class of its capital stock or other equity interests beneficially
owned  or held, directly or indirectly, by Borrower or any Subsidiary or (d) who
is  a director, officer or employee of Borrower or any Subsidiary.  For purposes
of  this definition, "control" shall mean the power to direct the management and
policies  of  a Person, directly or indirectly, whether through the ownership of
voting  securities,  by  contract  or  otherwise.

     Assignment of Leases and Rents shall mean that certain Assignment of Leases
     ------------------------------
and  Rents dated the date hereof and executed by Borrower in favor of Lender, as
the  same  may  from  time  to  time  be amended, modified, extended, renewed or
restated.

<PAGE>
     Attorneys' Fees shall mean the reasonable value of the services (and costs,
     ---------------
charges  and  expenses  related  thereto)  of the attorneys (and all paralegals,
accountants  and  other  staff  employed  by  such attorneys) employed by Lender
(including,  without  limitation,  attorneys and paralegals who are employees of
Lender  or any affiliate of Lender) from time to time (a) in connection with the
negotiation,  preparation,  execution,  delivery,  amendment,  modification,
extension,  renewal,  administration and/or enforcement of this Agreement and/or
any  of the other Transaction Documents, (b) in connection with the preparation,
negotiation or execution of any waiver or consent with respect to this Agreement
or any of the other Transaction Documents, (c) in connection with any Default or
Event  of  Default  under  this  Agreement,  (d)  to  represent  Lender  in  any
litigation,  contest,  dispute,  suit  or  proceeding, or to commence, defend or
intervene  in  any  litigation, contest, dispute, suit or proceeding, or to file
any  petition,  complaint, answer, motion or other pleading or to take any other
action  in  or  with  respect  to  any  litigation,  contest,  dispute,  suit or
proceeding  (whether  instituted  by  Lender,  Borrower  or any other Person and
whether  in  bankruptcy  or  otherwise)  in  any way or respect relating to this
Agreement  or  any  of  the  other  Transaction  Documents,  Borrower, any other
Obligor,  any  Subsidiary,  any Collateral or any Third Party Collateral, (e) to
protect, collect, lease, sell, take possession of or liquidate any Collateral or
any  Third  Party Collateral, (f) to attempt to enforce any security interest in
or  other  Lien upon any Collateral or any Third Party Collateral or to give any
advice  with respect to such enforcement and/or (g) to enforce any of the rights
or  remedies  of  Lender to collect any of the Borrower's Obligations and/or any
Guarantee  thereof.

     Borrower's  Obligations  shall  mean  any  and  all  present  and  future
     -----------------------
indebtedness  (principal,  interest,  fees,  collection  costs and expenses, and
other  amounts),  liabilities  and  obligations  (including, without limitation,
guaranty  obligations,  letter of credit reimbursement obligations and indemnity
obligations) of Borrower to Lender evidenced by or arising under this Agreement,
the  Notes,  any  of the other Transaction Documents and/or any other agreement,
document  or  instrument  heretofore, now or hereafter executed and delivered by
Borrower  to  Lender,  in  each  case whether now existing or hereafter arising,
absolute  or  contingent,  joint and/or several, secured or unsecured, direct or
indirect,  expressed  or  implied in law, contractual or tortious, liquidated or
unliquidated, at law or in equity, or otherwise, and whether created directly or
acquired  by  Lender  by  assignment  or  otherwise,  and  any  and all costs of
collection  and/or  Attorneys'  Fees  incurred  or  to be incurred in connection
therewith.

     Borrowing  Base shall have the meaning ascribed thereto in Section 2.01(b).
     ---------------

     Borrowing  Base  Certificate  shall  have  the  meaning ascribed thereto in
     ----------------------------
Section  2.01(c).

     Borrowing  Notice  shall have the meaning ascribed thereto in Section 2.02.
     -----------------

     Business  Day shall mean any day except a Saturday, Sunday or legal holiday
     -------------
observed  by  Lender.

     Capital  Expenditure  shall  mean any expenditure which, in accordance with
     --------------------
GAAP,  is  required  to be capitalized on the balance sheet of the Person making
the  same.

     Capitalized  Lease  shall  mean  any lease of Property, whether real and/or
     ------------------
personal,  by a Person as lessee which in accordance with GAAP is required to be
capitalized  on  the  balance  sheet  of  such  Person.

     Capitalized  Lease  Obligations of any Person shall mean, as of the date of
     -------------------------------
any  determination thereof, the amount at which the aggregate rental obligations
due  and to become due under all Capitalized Leases under which such Person is a
lessee  would  be  reflected as a liability on a balance sheet of such Person in
accordance  with  GAAP.

     CERCLA  shall  mean  the Comprehensive Environmental Response, Compensation
     ------
and  Liability  Act  of  1980,  as  amended  by  the  Superfund  Amendments  and
Reauthorization  Act of 1986, 42 U.S.C.   9601 et seq., and as the same may from
                                               -- ---
time  to  time  be  further  amended.

                                      -2-
<PAGE>
     Change  of Control Event shall mean each and every issue, sale, transfer or
     ------------------------
other  disposition,  directly  or  indirectly,  of  shares  of  capital stock of
Borrower  which,  after  giving  effect  thereto,  results  in  the  Principal
Shareholder  legally or beneficially owning or controlling in the aggregate less
than  Fifty-One  Percent  (51%)  (by  number  of  votes)  of the Voting Stock of
Borrower.

     Code  shall  mean  the  Internal  Revenue Code of 1986, as amended, and any
     ----
successor  statute  of similar import, together with the regulations thereunder,
in each case as in effect from time to time.  References to sections of the Code
shall  be  construed  to  also  refer  to  any  successor  sections.

     Collateral  shall  mean  any Property or assets of Borrower which now or at
     ----------
any  time  hereafter  secure the payment or performance of any of the Borrower's
Obligations.

     Consolidated  Debt shall mean, as of the date of any determination thereof,
     ------------------
all  Debt  of  Borrower  and  its  Subsidiaries as of such date, determined on a
consolidated  basis  and  in  accordance  with  GAAP.

     Consolidated  Debt to Consolidated EBITDAR Ratio shall mean, as of the last
     ------------------------------------------------
day  of  any  fiscal  quarter  of  Borrower,  the  ratio  of  (a) the sum of (i)
Consolidated  Debt  as  of  such  day plus (ii) an amount equal to six (6) times
                                      ----
Consolidated Operating Lease Expense for the four (4) consecutive fiscal quarter
period  of  Borrower ending on such day to (b) Consolidated EBITDAR for the four
(4)  consecutive  fiscal  quarter  period  of  Borrower  ending  on  such  day.

     Consolidated  EBITDA shall mean, for the period in question, the sum of (a)
     --------------------
Consolidated  Net  Income  during such period plus (b) to the extent deducted in
                                              ----
determining  Consolidated  Net  Income,  the  sum  of  (i) Consolidated Interest
Expense  during  such  period,  plus (ii) all provisions for any Federal, state,
                                ----
local  and/or  foreign income taxes made by Borrower and its Subsidiaries during
such  period  (whether  paid  or  deferred),  plus  (iii)  all  depreciation and
                                              ----
amortization  expenses of Borrower and its Subsidiaries during such period, plus
                                                                            ----
(iv)  any  extraordinary  losses during such period plus (v) any losses from the
                                                    ----
sale  or  other  disposition  of  Property  other than in the ordinary course of
business  during  such  period minus (c) to the extent added in determining such
                               -----
Consolidated  Net  Income,  the  sum  of (i) any extraordinary gains during such
period  plus (ii) any gains from the sale or other disposition of Property other
        ----
than  in the ordinary course of business during such period, all determined on a
consolidated  basis  and  in  accordance  with  GAAP.

     Consolidated EBITDAR shall mean, for the period in question, the sum of (a)
     --------------------
Consolidated  EBITDA  during  such  period  plus  (b)  to the extent deducted in
                                            ----
determining  such  Consolidated  EBITDA,  Consolidated  Operating  Lease Expense
during  such  period,  all  determined on a consolidated basis and in accordance
with  GAAP.

     Consolidated  Fixed  Charge  Coverage  Ratio  shall mean, for the period in
     --------------------------------------------
question,  the  ratio  of  (a)  Consolidated  EBITDAR  during such period to (b)
Consolidated  Fixed Charges during such period, all determined on a consolidated
basis  and  in  accordance  with  GAAP.

     Consolidated  Fixed Charges shall mean, for the period in question, the sum
     ---------------------------
of  (a)  the  aggregate  amount of all principal payments made or required to be
made  by Borrower and its Subsidiaries on all Debt during such period (including
the principal portion of payments in respect of Capitalized Leases but excluding
principal  payments  on  the  Revolving  Credit  Loans),  plus  (b) Consolidated
                                                          ----
Interest  Expense  during  such  period,  plus  (c) Consolidated Operating Lease
                                          ----
Expense  during  such period, plus (d) all Capital Expenditures made by Borrower
                              ----
and its Subsidiaries during such period (net of any Debt incurred by Borrower or
such  Subsidiary  (other  than  Revolving  Credit Loans) to finance such Capital
Expenditure)  plus  (e)  all  provisions  for  any  Federal, state, local and/or
              ----
foreign  income  taxes  made by Borrower and its Subsidiaries during such period
(whether  paid  or  deferred),  all  determined  on  a consolidated basis and in
accordance  with  GAAP.

     Consolidated  Interest  Expense  shall  mean,  for  the period in question,
     -------------------------------
without duplication, all gross interest expense of Borrower and its Subsidiaries
(including,  without  limitation,  all  commissions,  discounts  and/or  related
amortization  and  other  fees and charges owed by Borrower and its Subsidiaries
with  respect  to letters of credit, the net costs associated with interest swap
obligations  of Borrower and its Subsidiaries, capitalized interest expense, the
interest  portion  of  Capitalized Lease Obligations and the interest portion of
any  deferred  payment  obligation)  during  such  period,  all  determined on a
consolidated  basis  and  in  accordance  with  GAAP.

                                      -3-
<PAGE>
     Consolidated  Net  Income  shall mean the after-tax net income (or loss) of
     -------------------------
Borrower  and  its  Subsidiaries  for  the  period  in question, determined on a
consolidated  basis  and  in  accordance  with  GAAP.

     Consolidated  Net  Worth  shall  mean,  as of the date of any determination
     ------------------------
thereof,  the  amount  of  the capital stock accounts (net of treasury stock, at
cost)  of  Borrower  and  its Subsidiaries as of such date plus (or minus in the
                                                           ----     -----
case  of  a  deficit)  the  surplus  and  retained  earnings of Borrower and its
Subsidiaries  as  of  such  date,  all determined on a consolidated basis and in
accordance  with  GAAP.

     Consolidated  Operating  Lease  Expense  shall  mean,  for  the  period  in
     ---------------------------------------
question,  the  aggregate amount of all Operating Lease Expenses of Borrower and
its  Subsidiaries during such period, all determined on a consolidated basis and
in  accordance  with  GAAP.

     Consolidated  Total  Liabilities  shall  mean,  as  of  the  date  of  any
     --------------------------------
determination  thereof,  all  liabilities of Borrower and its Subsidiaries as of
     -----
such  date,  determined  on  a  consolidated  basis and in accordance with GAAP.

     Default  shall  mean  any event or condition the occurrence of which would,
     -------
with  the  lapse  of  time  or  the giving of notice or both, become an Event of
Default  as  defined  in  Section  6  hereof.

     Debt of any Person shall mean, as of the date of determination thereof, the
     ----
sum  of (a) all Indebtedness of such Person for borrowed money or which has been
incurred  in  connection  with  the purchase or other acquisition of Property or
assets  (other  than  unsecured  trade accounts payable incurred in the ordinary
course  of  business)  plus (b) all Capitalized Lease Obligations of such Person
                       ----
plus  (c) all Guarantees by such Person of Debt of others plus (d) the aggregate
undrawn  face  amount  of all letters of credit issued for the account of and/or
upon the application of such Person together with all unreimbursed drawings with
respect  thereto.

     Distribution  in respect of any corporation or other entity shall mean: (a)
     ------------
dividends or other distributions on or in respect of any of the capital stock or
other  equity  interests  of  such  corporation  or  other  entity;  and (b) the
redemption, repurchase or other acquisition of any capital stock or other equity
interests  of  such  corporation  or  other entity or of any warrants, rights or
other  options  to  purchase  any  such capital stock or other equity interests.

     Eligible  Accounts  shall mean all Accounts other than:  (a) Accounts which
     ------------------
remain  unpaid  for  more than one hundred-twenty (120) days after their invoice
dates and Accounts which are not due and payable within one hundred-twenty (120)
days  after  their invoice dates; (b) Accounts owing by a single Account Debtor,
including  a  currently  scheduled  Account, if Ten Percent (10%) or more of the
balance  owing  by said Account Debtor upon said Accounts is ineligible pursuant
to  clause (a) above; (c) Accounts with respect to which the Account Debtor is a
shareholder or partner of Borrower or an Affiliate; (d) Accounts with respect to
which  payment  by  the  Account  Debtor  is  or may be conditional and Accounts
commonly  known  as  bill  and  hold  Accounts  or Accounts of a similar or like
arrangement;  (e)  Accounts  with  respect  to which the Account Debtor is not a
resident  or citizen of or otherwise located in the continental United States of
America,  unless  such  Accounts  are backed in full by an irrevocable letter of
credit  in  form  and  substance  satisfactory  to  Lender  issued by a domestic
commercial  bank  acceptable  to  Lender; (f) Accounts with respect to which the
Account  Debtor  is the United States of America, any state of the United States
or  any  other governmental body or any department, agency or instrumentality of
any  of  the  foregoing;  (g)  Accounts with respect to which Borrower is or may
become  liable to the Account Debtor for goods sold or services rendered by such
Account  Debtor to Borrower, but only to the extent of Borrower's then aggregate
liability  to  such Account Debtor (i.e. the excess of the aggregate face amount

                                      -4-
<PAGE>
of  Accounts  of such Account Debtor over the aggregate liability of Borrower to
such  Account  Debtor  shall  constitute  an  Eligible  Account unless otherwise
excepted under this definition of Eligible Accounts); (h) Accounts with  respect
to  which  the  goods giving rise thereto have not been shipped and delivered to
and  accepted  as  satisfactory by the Account Debtor thereof or with respect to
which  the  services  performed  giving rise thereto have not been completed and
accepted  as  satisfactory by the Account Debtor thereof; (i) Accounts which are
not  invoiced (and dated as of such date) and sent to the Account Debtor thereof
concurrently  with  or  not  later  than  five  (5)  days after the shipment and
delivery  to  said  Account  Debtor  of  the  goods  giving  rise thereto or the
performance  of  the  services giving rise thereto; (j) Accounts with respect to
which  possession  and/or control of the goods sold giving rise thereto is held,
maintained  or  retained  by Borrower (or by any agent or custodian of Borrower)
for  the  account  of  or  subject  to  further and/or future direction from the
Account  Debtor  thereof; (k) Accounts arising  from a consignment sale, a "sale
on approval" or a "sale or return"; (l) Accounts as to which Lender, at any time
or  times hereafter, determines, in good faith, that the prospects of payment or
performance  by  the  Account  Debtor  is  or  will  be impaired in any material
respect;  (m)  Accounts  of  an  Account  Debtor  to the extent, but only to the
extent,  that  the  same  exceed a credit limit determined by Lender in its good
faith discretion, at any time or times hereafter; (n) Accounts which are subject
to  any  dispute,  offset,  counterclaim,  discount  (except  for prompt payment
discounts  that  do  not exceed Two Percent (2%) of the invoice amount) or other
claim  or  defense on the part of the Account Debtor or to any claim on the part
of  the  Account  Debtor contesting or denying liability under such Account; (o)
Accounts with respect to which the Account Debtor is located in the State of New
Jersey, the State of Minnesota or the State of West Virginia; provided, however,
that  such  restriction  shall  not  apply  if  Borrower  (i)  has filed and has
effective  (A) in respect of Account Debtors located in the State of New Jersey,
a  Notice of Business Activities Report with the State of New Jersey Division of
Taxation for the then current year, (B) in respect of Account Debtors located in
the  State of Minnesota, a Minnesota Business Activity Report with the Minnesota
Department  of  Revenue  for  the then current year or (C) in respect of Account
Debtors located in the State of West Virginia, a West Virginia Business Activity
Report with the West Virginia Department of Tax and Revenue for the then current
year,  as  applicable,  or  (ii)  is  otherwise  exempt  from  such  reporting
requirements  under  the  laws  of such State(s); and (p) Accounts which are not
subject  to  a  first  priority  perfected security interest in favor of Lender.

     Environmental  Claim  shall mean any administrative, regulatory or judicial
     --------------------
action,  judgment,  order,  consent  decree, suit, demand, demand letter, claim,
Lien,  notice  of non-compliance or violation, investigation or other proceeding
arising  (a)  pursuant  to  any  Environmental Law or governmental or regulatory
approval  issued  under  any such Environmental Law, (b) from the presence, use,
generation,  storage,  treatment,  Release,  threatened  Release,  disposal,
remediation or other existence of any Hazardous Substance, (c) from any removal,
remedial,  corrective  or other response action pursuant to an Environmental Law
or the order of any governmental or regulatory authority or agency, (d) from any
third  party  seeking  damages,  contribution,  indemnification,  cost recovery,
compensation,  injunctive  or  other  relief  in  connection  with  a  Hazardous
Substance  or arising from alleged injury or threat of injury to health, safety,
natural  resources  or the environment or (e) from any Lien against any Property
owned,  leased  or  operated  by  Borrower  or  any  Subsidiary  in favor of any
governmental  or  regulatory  authority  or agency in connection with a Release,
threatened  Release  or  disposal  of  a  Hazardous  Substance.

     Environmental  Law  shall  mean any Federal, state, local, foreign or other
     ------------------
statute,  law,  rule,  regulation,  order,  consent  decree,  judgment,  permit,
license,  code,  covenant,  deed  restriction,  common  law, treaty, convention,
ordinance  or  other  requirement  relating  to  public  health,  safety  or the
environment,  including,  without  limitation,  those  relating  to  Releases,
discharges or emissions to air, water, land or groundwater, to the withdrawal or
use  of  groundwater,  to  the  use and handling of polychlorinated biphenyls or
asbestos,  to  the  disposal,  treatment,  storage or management of hazardous or
solid  waste,  Hazardous  Substances  or  crude oil, or any fraction thereof, to
exposure  to  toxic  or  hazardous  materials,  to the handling, transportation,
discharge  or  release  of  gaseous or liquid Hazardous Substances and any rule,
regulation,  order,  notice  or  demand  issued pursuant to such law, statute or
ordinance,  in  each  case  applicable  to  any of the Property owned, leased or
operated  by  Borrower  or  any  Subsidiary  or  the  operation, construction or
modification of any such Property, including, without limitation, the following:
CERCLA,  the  Solid  Waste Disposal Act, as amended by the Resource Conservation
and  Recovery  Act of 1976 and the Hazardous and Solid Waste Amendments of 1984,
the  Hazardous  Materials  Transportation  Act,  as  amended,  the Federal Water

                                      -5-
<PAGE>
Pollution  Control  Act,  as  amended  by  the Clean Water Act of 1976, the Safe
Drinking  Water  Control  Act,  the Clean Air Act of 1966, as amended, the Toxic
Substances  Control Act of 1976, the Occupational Safety and Health Act of 1970,
as  amended, the Emergency Planning and Community Right-to-Know Act of 1986, the
National Environmental Policy Act of 1975, the Oil Pollution Act of 1990 and any
similar  or  implementing state or local law, and any state or local statute and
any  further amendments to these laws providing for financial responsibility for
cleanup  or  other  actions with respect to the Release or threatened Release of
Hazardous  Substances  or  crude  oil,  or  any  fraction thereof and all rules,
regulations,  guidance  documents  and  publication  promulgated  thereunder.

     ERISA  shall  mean  the Employee Retirement Income Security Act of 1974, as
     -----
amended,  and  any  successor  statute  of  similar  import,  together  with the
regulations thereunder, in each case as in effect from time to time.  References
to sections of ERISA shall be construed to also refer to any successor sections.

     ERISA  Affiliate  shall  mean  any  corporation, trade or business that is,
     ----------------
along  with  Borrower  or  any  Subsidiary,  a  member  of a controlled group of
corporations  or  a  controlled  group  of trades or businesses, as described in
Sections  414(b) and 414(c), respectively, of the Code or Section 4001 of ERISA.

     Event  of  Default  shall  have  the meaning ascribed thereto in Section 6.
     ------------------

     GAAP  shall  mean, at any time, generally accepted accounting principles at
     ----
such  time  in  the  United  States.

     Guarantee  by any Person shall mean any obligation (other than endorsements
     ---------
of  negotiable  instruments  for deposit or collection in the ordinary course of
business),  contingent  or  otherwise, of such Person guaranteeing, or in effect
guaranteeing,  any  Indebtedness, liability, dividend or other obligation of any
other  Person  (the  "primary  obligor")  in  any  manner,  whether  directly or
indirectly,  including,  without limitation, all obligations incurred through an
agreement,  contingent  or  otherwise,  by  such  Person:  (a)  to purchase such
Indebtedness  or  obligation or any Property constituting security therefor, (b)
to  advance or supply funds (i) for the purchase or payment of such Indebtedness
or obligation, (ii) to maintain working capital or other balance sheet condition
or  otherwise  to advance or make available funds for the purchase or payment of
such  Indebtedness  or  obligation,  (iii)  to  lease  property  or  to purchase
securities  or  other property or services primarily for the purpose of assuring
the  owner  of  such  Indebtedness  or  obligation of the ability of the primary
obligor  to  make payment of the Indebtedness or obligation or (iv) otherwise to
assure  the  owner  of  the  Indebtedness  or  obligation of the primary obligor
against  loss  in  respect  thereof.  For  the purposes of all computations made
under  this  Agreement,  a Guarantee in respect of any Indebtedness for borrowed
money shall be deemed to be Indebtedness equal to the then outstanding principal
amount of such Indebtedness for borrowed money which has been guaranteed or such
lesser  amount  to  which  the maximum exposure of the guarantor shall have been
specifically  limited,  and  a  Guarantee  in respect of any other obligation or
liability  or  any  dividend  shall  be  deemed  to be Indebtedness equal to the
maximum  aggregate  amount  of  such  obligation,  liability or dividend or such
lesser  amount  to  which  the maximum exposure of the guarantor shall have been
specifically  limited.  Guarantee  when  used as a verb shall have a correlative
                        ---------
meaning.

     Guarantors  shall mean Air Methods Corporation and Mercy Air Services, Inc.
     ----------
and  Guarantor  shall  mean  any  one  of  the  foregoing.
     ---------

     Guaranty  shall  mean  that certain Unlimited Continuing Guaranty dated the
     --------
date  hereof  and  executed by the Guarantors in favor of Lender with respect to
the  indebtedness  of  Borrower  to Lender, as the same may from time to time be
amended,  modified,  extended  or  renewed.

     Hazardous  Substance  shall mean any hazardous or toxic material, substance
     --------------------
or  waste,  pollutant  or contaminant which is regulated under any Environmental
Law  or  any  other  statute,  law,  ordinance, rule or regulation of any local,
state,  regional,  Federal  or  international  body, instrumentality, authority,
agency or official having jurisdiction over any of the Property owned, leased or
operated  by  Borrower  or  any  Subsidiary  or  its  use,  including,  without
limitation,  any  material,  substance  or  waste  which  is:  (a)  defined as a

                                      -6-
<PAGE>
hazardous substance under Section 311 of the Federal Water Pollution Control Act
(33 U.S.C.   1317), as amended; (b) regulated as a hazardous waste under Section
1004  or Section 3001 of the Federal Solid Waste Disposal Act, as amended by the
Resource  Conservation  and Recovery Act (42 U.S.C.   6901 et seq.), as amended;
                                                           -- ---
(c)  defined  as  a  hazardous  substance under Section 101 of the Comprehensive
Environmental  Response,  Compensation  and  Liability  Act (42 U.S.C.   9601 et
seq.),  as  amended;  or  (d)  defined  or regulated as a hazardous substance or
hazardous  waste  under  any  rules  or regulations promulgated under any of the
foregoing  statutes.

     Illinois  Mortgage  shall mean that certain Leasehold Mortgage and Security
     ------------------
Agreement  dated the date hereof and executed by Borrower in favor of Lender, as
the  same  may  from  time  to  time  be amended, modified, extended, renewed or
restated.

     Indebtedness  shall  mean, with respect to any Person, without duplication,
     ------------
all indebtedness, liabilities and obligations of such Person which in accordance
with  GAAP  are required to be classified upon a balance sheet of such Person as
liabilities  of  such Person, and in any event shall include all (a) obligations
of such Person for borrowed money or which have been incurred in connection with
the purchase or other acquisition of Property or assets, (b) obligations secured
by  any  Lien  on,  or  payable  out  of the proceeds of or production from, any
Property  or assets owned by such Person, whether or not such Person has assumed
or  become  liable  for  the  payment  of  such  obligations,  (c) indebtedness,
liabilities  and  obligations  of  third  parties,  including joint ventures and
partnerships  of which such Person is a venturer or general partner, recourse to
which  may  be had against such Person, (d) obligations created or arising under
any conditional sale or other title retention agreement with respect to Property
acquired  by  such Person, notwithstanding the fact that the rights and remedies
of the seller, lender or lessor under such agreement in the event of default are
limited  to  repossession  or  sale  of  such  Property,  (e)  Capitalized Lease
Obligations  of  such  Person,  (f) indebtedness, liabilities and obligations of
such  Person  under  Guarantees and (g) the aggregate undrawn face amount of all
letters  of credit issued for the account of and/or upon the application of such
Person  together  with  all  unreimbursed  drawings  with  respect  thereto.

     Intangible  Assets  shall  mean  all  patents,  trademarks,  service marks,
     ------------------
copyrights,  trade  names,  goodwill (including any amounts, however designated,
representing  the  cost  of acquisition of business and investments in excess of
the  book  value  thereof),  unamortized  debt discount and expense, unamortized
deferred charges, deferred research and development costs, any write-up of asset
value  after  the  date  of  this  Agreement, non-competition covenants, signing
bonuses,  prepaid  expenses  and  other forms of prepaid assets, deferred taxes,
officer  or  employee  advances,  intercompany  accounts,  investments  in  and
receivables due from affiliates, deposits for insurance, utilities and the like,
and  any  other  assets  treated  as  intangible  assets  under  GAAP.

     Inventory  shall  mean  all  inventory  of  Borrower.
     ---------

     Investment  shall  mean any investment by Borrower or any Subsidiary in any
     ----------
Person, whether payment therefor is made in cash or capital stock of Borrower or
any  Subsidiary,  and  whether  such  investment  is  by acquisition of stock or
Indebtedness,  or  by  loan,  advance,  transfer of property out of the ordinary
course  of  business,  capital  contribution, equity or profit sharing interest,
extension  of  credit on terms other than those normal in the ordinary course of
business  or  otherwise.

     Lender's  Revolving  Credit  Commitment  shall  mean  the  sum  of  $
     ---------------------------------------
1,500,000.00.

     Lien  shall  mean  any interest in any Property securing an obligation owed
     ----
to,  or  a claim by, a Person other than the owner of the Property, whether such
interest  is  based  on  common  law,  statute  or  contract, including, without
limitation,  any  security  interest,  mortgage,  deed  of  trust,  pledge,
hypothecation,  judgment lien or other lien or encumbrance of any kind or nature
whatsoever,  any  conditional  sale  or trust receipt, any lease, consignment or
bailment for security purposes and any Capitalized Lease.  The term "Lien" shall
include  reservations,  exceptions,  encroachments,  easements,  rights-of-way,
covenants,  conditions,  restrictions,  leases  and  other  title exceptions and
encumbrances  affecting  Property.

     Loan  shall  mean  each  Revolving  Credit Loan and the Term Loan and Loans
     ----                                                                  -----
shall  mean  any  or  all  of  the  foregoing.

                                      -7-
<PAGE>
     Material  Adverse  Effect  shall  mean (a) a material adverse effect on the
     -------------------------
Properties,  assets,  liabilities,  business,  operations,  prospects, income or
condition  (financial  or  otherwise)  of Borrower, any other Obligor and/or any
Subsidiary,  (b) material impairment of the ability of Borrower and/or any other
Obligor to perform any of its obligations under this Agreement, the Notes or any
of  the  other  Transaction  Documents  or  (c)  material  impairment  of  the
enforceability  of  the  rights  of, or benefits available to, Lender under this
Agreement,  the  Notes  or  any  of  the  other  Transaction  Documents.

     Missouri  Deed  of Trust shall mean that certain Deed of Trust and Security
     ------------------------
Agreement  dated  the  date  hereof  and executed by Borrower for the benefit of
Lender,  as  the  same  may  from  time  to time be amended, modified, extended,
renewed  or  restated.

     Moody's  shall  mean  Moody's  Investors  Service,  Inc.
     -------

     Multi-Employer  Plan  shall  mean  a  "multi-employer  plan"  as defined in
     --------------------
Section  4001(a)(3)  of ERISA which is maintained for employees of Borrower, any
Subsidiary  or  any  ERISA Affiliate or to which Borrower, any Subsidiary or any
ERISA  Affiliate  has  contributed  in  the  past  or  currently  contributes.

     Notes  shall  mean  the  Revolving  Credit  Note  and  the  Term Loan Note.
     -----

     Obligor shall mean Borrower, each Guarantor and each other Person who is or
     -------
shall at any time hereafter become primarily or secondarily liable on any of the
Borrower's  Obligations  or who grants Lender a Lien upon any of the Property or
assets  of  such  Person  as  security  for  any  of the Borrower's Obligations.

     Occupational  Safety and Health Laws shall mean the Occupational Safety and
     ------------------------------------
Health  Act  of 1970, as amended, and any other Federal, state or local statute,
law,  ordinance, code, rule, regulation, order or decree regulating, relating to
or  imposing liability or standards of conduct concerning employee health and/or
safety,  as  now  or  at  any  time  hereafter  in  effect.

     Operating  Lease  shall  mean  any  lease  of Property, whether real and/or
     ----------------
personal,  by  a  Person  as  lessee  which  is  not  a  Capitalized  Lease.

     Operating  Lease  Expenses  shall  mean with respect to any Person, for the
     --------------------------
period  in  question, the aggregate amount of rental and other expenses incurred
by such Person in respect of Operating Leases during such period, all determined
in  accordance  with  GAAP.

     Parent  shall  mean  Air  Methods  Corporation,  a  Delaware  corporation.
     ------

     PBGC  shall  mean  the  Pension Benefit Guaranty Corporation and any entity
     ----
succeeding  to  any  or  all  of  its  functions  under  ERISA.

     Pension  Plan  shall  mean  a  "pension  plan,"  as such term is defined in
     -------------
Section  3(2)  of  ERISA,  which  is  established or maintained by Borrower, any
Subsidiary  or  any  ERISA  Affiliate,  other  than  a  Multi-Employer  Plan.

     Permitted  Liens  shall  mean  any  of  the  following:
     ----------------

          (a)     Liens  in  favor  of  Lender;

          (b)     Liens  on  Property  or  assets  of  a  Subsidiary  to  secure
obligations  of  such  Subsidiary  to  Borrower;

                                      -8-
<PAGE>
          (c)     Liens  for  property  taxes  and  assessments  or governmental
charges  or  levies  and  Liens  securing  claims  or  demands  of mechanics and
materialmen,  provided  payment  thereof  is not at the time required by Section
5.01(d)  and/or  5.01(e);

          (d)     Liens  (other  than  any Liens imposed by ERISA) incidental to
the  conduct  of  business  or  the  ownership of Properties (including Liens in
connection  with  worker's  compensation,  unemployment insurance and other like
laws,  warehousemen's  and  attorneys' liens and statutory landlords' liens) and
Liens  to  secure  the  performance  of  bids, tenders or trade contracts, or to
secure  statutory  obligations,  surety  or  appeal bonds or other Liens of like
general nature incurred in the ordinary course of business and not in connection
with  the  borrowing  of money or the purchase or other acquisition of Property;
provided  in  each case the obligation secured is not overdue or, if overdue, is
being  contested  in  good  faith  by  appropriate  actions or proceedings being
diligently  conducted  and  for  which adequate reserves in accordance with GAAP
have  been  set  aside;

          (e)     minor  survey  exceptions  or minor encumbrances, easements or
reservations, or rights of others for rights-of-way, utilities and other similar
purposes,  or  zoning  or  other  restrictions as to the use of real properties,
which  are  necessary or desirable for the conduct of the activities of Borrower
and  its  Subsidiaries  or which customarily exist on properties of corporations
engaged  in  similar  activities  and similarly situated and which do not in any
event  materially impair the use of such real properties in the operation of the
business  of  the  Borrower  and  its  Subsidiaries;

          (f)     Liens  existing as of the date of this Agreement and listed on
Schedule  4.12  attached  hereto;  and
--------------

          (g)     purchase  money  Liens granted to a Person financing a Capital
Expenditure  so  long  as  (i) the Lien granted is limited to the specific fixed
assets acquired and the proceeds thereof, (ii) the aggregate principal amount of
Debt  secured  by the Lien is not more than the acquisition cost of the specific
fixed  assets  on  which  the Lien is granted and (iii) the transaction does not
violate  any  other  provision  of  this  Agreement.

     Person  shall  mean any individual, sole proprietorship, partnership, joint
     ------
venture,  limited  liability  company,  trust,  unincorporated  organization,
association,  corporation,  institution, entity or government (whether national,
Federal,  state,  county,  city,  municipal  or  otherwise,  including,  without
limitation,  any instrumentality, division, agency, body or department thereof).

     Prime  Rate  shall  mean  the  interest rate announced from time to time by
     -----------
Lender  as  its  "prime rate" (which rate shall fluctuate as and when said prime
rate shall change).  Borrower acknowledges that such "prime rate" is a reference
rate  and  does  not  necessarily  represent  the lowest or best rate offered by
Lender  to  its  customers.

     Principal  Shareholder  shall  mean  Mercy  Air  Service,  Inc.
     ----------------------

     Property  shall mean any interest in any kind of property or asset, whether
     --------
real,  personal  or mixed, or tangible or intangible.  Properties shall mean the
                                                       ----------
plural  of  Property.  For  purposes  of  this  Agreement,  Borrower  and  each
Subsidiary shall be deemed to be the owner of any Property which it has acquired
or  holds  subject  to  a  conditional  sale agreement, financing lease or other
arrangement  pursuant  to  which  title  to the Property has been retained by or
vested  in  some  other  Person  for  security  purposes.

     Rate  of  Dilution  of  Borrower's  Accounts  shall  mean  the value of all
     ------------------
non-cash credits to Borrower's Accounts (including, without limitation, bad debt
expense)  during  the twelve (12) month period immediately preceding the date of
calculation  divided  by  Borrower's  sales  during  said  period.  The  Rate of
Dilution shall be calculated by Lender in connection with each of its collateral
examinations  of  the Borrower's Accounts (which calculation shall be conclusive
in  the absence of manifest error), and the Rate of Dilution as so calculated by
Lender  shall  be  and  remain  the  applicable  Rate of Dilution until the next
collateral  examination  is performed by Lender.  If the Rate of Dilution at the
time  of  any  calculation  thereof  has  increased  or decreased from the prior
calculation thereof, then Lender shall adjust the advance rate for Accounts used
in  the  Borrowing  Base  accordingly.

                                      -9-
<PAGE>
     RCRA  shall  mean  the Solid Waste Disposal Act, as amended by the Resource
     ----
Conservation  and  Recovery Act of 1976 and Hazardous and Solid Waste Amendments
of  1984,  42  U.S.C.   6901  et  seq.,  and  any  future  amendments.
                              --  ---

     Release  shall  mean  any  spilling,  leaking,  pumping, pouring, emitting,
     -------
emptying,  discharging, injecting, escaping, leaching, dumping or disposing into
the environment, including, without limitation, the abandonment or discarding of
barrels,  drums,  containers,  tanks  and/or  other  receptacles  containing (or
containing  traces  of)  any  Hazardous  Substance.

     Reportable  Event  shall  have  the  meaning  given  to such term in ERISA.
     -----------------

     Restricted  Investment shall mean any Investment, or any expenditure or any
     ----------------------
incurrence  of  any  liability  to make any expenditure for an Investment, other
than:

          (a)     loans  and/or advances by any Subsidiary to Borrower which are
subordinated in writing to the payment of the Borrower's Obligations in form and
substance  satisfactory  to  Lender;

          (b)     direct  obligations  of  the  United  States of America or any
instrumentality  or  agency  thereof,  the  payment  of which is unconditionally
guaranteed  by  the  United  States  of America or any instrumentality or agency
thereof (all of which Investments must mature within twelve (12) months from the
time  of  acquisition  thereof);

          (c)     Investments  in  readily marketable commercial paper which, at
the  time  of acquisition thereof by Borrower or any Subsidiary, is rated A-1 or
better  by  S&P  and  P-1 or better by Moody's and which matures within 270 days
from  the  date  of  acquisition  thereof,  provided  that  the  issuer  of such
commercial  paper  shall,  at  the time of acquisition of such commercial paper,
have  a  senior  long-term  debt  rating  of  at  least  A  by  S&P and Moody's;

          (d)     negotiable  certificates  of  deposit  or  negotiable  bankers
acceptances  issued by Lender or any other bank or trust company organized under
the  laws  of  the  United States of America or any state thereof, which bank or
trust  company (other than Lender to which such restrictions shall not apply) is
a  member  of  both  the  Federal  Deposit Insurance Corporation and the Federal
Reserve System and has a Thomson BankWatch Global Issuer Rating of "B" or better
(all of which Investments must mature within twelve (12) months from the time of
acquisition  thereof);

          (e)     repurchase  agreements,  which  shall be collateralized for at
least  102%  of  face value, issued by Lender or any other bank or trust company
organized  under  the laws of the United States or any state thereof, which bank
or  trust company (other than Lender to which such restrictions shall not apply)
is  a  member  of both the Federal Deposit Insurance Corporation and the Federal
Reserve System and has a Thomson BankWatch Global Issuer Rating of "B" or better
(all of which Investments must mature within twelve (12) months from the time of
acquisition  thereof);

          (f)     Investments  existing  as  of  the date hereof as described in
Schedule  4.18  attached  hereto,  and  any  future retained earnings in respect
--------------
thereof;  and

          (g)     loans or advances in the usual and ordinary course of business
to  officers  and/or employees of Borrower or a Subsidiary for business expenses
in  the aggregate principal amount of up to $25,000 at any one time outstanding.

                                      -10-
<PAGE>
     Revolving  Credit Loan and Revolving Credit Loans shall have the respective
     ----------------------     ----------------------
meanings  ascribed  thereto  in  Section  2.01(a).

     Revolving  Credit  Note  shall have the meaning ascribed thereto in Section
     -----------------------
2.02.

     Revolving  Credit  Period  shall  mean the period commencing on the date of
     -------------------------
this  Agreement  and  ending  April  25,  2001.

     S&P  shall  mean  Standard  and  Poor's  Ratings  Group.
     ---

     Security  Agreement  shall  mean  that certain Security Agreement dated the
     -------------------
date  hereof  and  executed by Borrower in favor of Lender, as the same may from
time  to  time  be  amended,  modified,  extended,  or  restated.

     Subordinated  Indebtedness  shall mean, as of the date of any determination
     --------------------------
thereof,  the  aggregate  principal  amount  of  all  Indebtedness  of  Borrower
outstanding  as  of  such  date  which is subordinated in writing (either by its
terms  or  pursuant to a subordination agreement) to the payment and priority of
all  of the Borrower's Obligations in form and substance satisfactory to Lender.

     Subsidiary  shall  mean  any corporation or other entity of which more than
     ----------
Fifty  Percent (50%) of the issued and outstanding capital stock or other equity
interests  entitled  to  vote  for  the  election  of directors or other persons
performing  similar functions (other than by reason of default in the payment of
dividends)  is  at  the  time  owned  directly  or indirectly by Borrower or any
Subsidiary.

     Term  Loan  shall  have  the  meaning  ascribed  thereto  in  Section 2.03.
     ----------

     Term  Loan  Note  shall  have the meaning ascribed thereto in Section 2.03.
     ----------------

     Third  Party  Collateral  shall  mean any Property or assets of any Obligor
     ------------------------
other  than  Borrower  which  now or at any time hereafter secure the payment or
performance  of  any  of  the  Borrower's  Obligations or any Guarantee thereof.

     Total  Revolving  Credit  Outstandings  shall  mean,  as  of  any date, the
     --------------------------------------
aggregate  principal amount of all Revolving Credit Loans outstanding as of such
date.

     Transaction  Documents  shall  mean this Agreement, the Notes, the Security
     ----------------------
Agreement,  the Guaranty, the Illinois Mortgage, the Missouri Deed of Trust, the
Assignment  of  Leases  and  Rents  and  all  other  agreements,  documents  and
instruments  heretofore, now or hereafter delivered to Lender with respect to or
in  connection  with  or pursuant to this Agreement, any Loans made hereunder or
any  of  the  other  Borrower's  Obligations,  and  executed  by or on behalf of
Borrower  and/or  any  other  Obligor,  all as the same may from time to time be
amended,  modified,  extended,  renewed  or  restated.

     Unused  Availability  shall mean, as of any date, the sum of (a) the lesser
     --------------------
of  (i)  the  amount  of Lender's Revolving Credit Commitment as of such date or
(ii)  the  Borrowing  Base  as of such date minus (b) the Total Revolving Credit
                                            -----
Outstandings  as  of  such  date.

     Voting  Stock  shall  mean,  with respect to any corporation, any shares of
     -------------
stock  of  such  corporation  whose  holders  are  entitled  under  ordinary
circumstances  to  vote  for  the  election  of  directors  of  such corporation
(irrespective  of  whether at the time stock of any other class or classes shall
have  or might have voting power by reason of the happening of any contingency).

     Welfare Plan shall mean a "welfare plan" as such term is defined in Section
     ------------
3(1) of ERISA, which is established or maintained by Borrower, any Subsidiary or
any  ERISA  Affiliate,  other  than  a  Multi-Employer  Plan.

                                      -11-
<PAGE>
     1.02  Accounting Terms and Determinations. Except as otherwise specified in
           -----------------------------------
this  Agreement,  all  accounting  terms  used  in  this  Agreement  shall  be
interpreted,  all  accounting  determinations under this Agreement shall be made
and all financial statements required to be delivered under this Agreement shall
be prepared in accordance with GAAP as in effect from time to time, applied on a
basis  consistent  (except  for  changes  approved  by  Lender and by Borrower's
independent certified public accountants) with the most recent audited financial
statements  of  Borrower  delivered  to  Lender.

SECTION2.  THE  LOANS.
---------------------

     2.01     Revolving  Credit  Loans.
              ------------------------

     (a)     Subject  to  the terms and conditions of this Agreement, during the
Revolving Credit Period of this Agreement, and so long as no Default or Event of
Default  under  this  Agreement  has  occurred  and is continuing, Lender hereby
agrees  to  make  such  loans  (individually,  a  "Revolving  Credit  Loan"  and
collectively,  the  "Revolving  Credit  Loans") to Borrower as Borrower may from
time  to  time request pursuant to Section 2.02.  The aggregate principal amount
of  Revolving  Credit  Loans  which Lender shall be required to have outstanding
under  this  Agreement  at  any  one time shall not exceed the lesser of (i) the
Lender's Revolving Credit Commitment or (ii) the Borrowing Base.  Subject to the
terms  and conditions of this Agreement, Borrower may borrow, repay and reborrow
such  sums  from  Lender,  provided,  however,  that  in  no event may the Total
Revolving  Credit  Outstandings  on  any  given day exceed the lesser of (A) the
Lender's Revolving Credit Commitment as of such day or (B) the Borrowing Base as
of  such  day.  All Revolving Credit Loans not paid prior to the last day of the
Revolving  Credit Period, together with all accrued and unpaid interest thereon,
shall  be  due  and  payable  on  the  last  day of the Revolving Credit Period.
Notwithstanding  anything  herein  to  the contrary, for a period of thirty (30)
consecutive  days during the Revolving Credit Period, Borrower agrees to pay the
principal  balance  of all outstanding Revolving Credit Loans, together with all
accrued  and  unpaid  interest  thereon,  to  $0  and  maintain  such $0 balance
throughout  such  thirty  (30)  day  period.

     (b)     For  purposes of this Agreement, the "Borrowing Base" shall mean an
amount  equal  to  Eighty  Percent (80%) of the face amount of all then existing
Eligible  Accounts  (less maximum discounts, credits and allowances which may be
taken  by  or  granted  to  Account  Debtors  in  connection  therewith  and/or
adjustments for reserves and allowances deemed appropriate by Lender in its good
faith  discretion);

     Notwithstanding  any  provision  contained  in  this Section 2.01(b) to the
contrary, Lender may at any time and from time to time, in its sole and absolute
discretion,  loan  to Borrower more than the above stated percentage of Eligible
Accounts  without  notice  to  Borrower;  provided,  however,  that  no  such
over-advance  shall  establish a custom or course of dealing or entitle Borrower
to  any  subsequent  over-advance  under  the  same  or different circumstances.

     Lender  reserves  the  right  at any time and from time to time in its good
faith  discretion  to  increase  or  decrease  the  percentage  advance rates on
Eligible  Accounts  specified in this Section 2.01(b) upon seven (7) days' prior
written  notice  to  Borrower.

     (c)     Borrower  shall deliver to Lender on the tenth (10) Business Day of
each  month hereafter (calculated as of the close of business on the last day of
the  preceding  month)  (or at such other intervals as Lender shall require from
time  to  time),  a borrowing base certificate in the form of Exhibit A attached
                                                              ---------
hereto  and  incorporated  herein  by reference (or in such other form as Lender
shall  require from time to time) (each, a "Borrowing Base Certificate") setting
forth:

          (i)  the  Borrowing  Base  and  its  components  as  of the end of the
     immediately  preceding  Business  Day;

          (ii)  the sum of the Total Revolving Credit Outstandings as of the end
     of  the  immediately  preceding  Business  Day;  and

                                      -12-
<PAGE>
          (iii)  the  difference, if any, between the Borrowing Base and the sum
     of the Total Revolving Credit Outstandings as of the end of the immediately
     preceding  Business  Day.

The  Borrowing  Base  shown  in  such  Borrowing  Base  Certificate  (subject to
adjustment for collections of Accounts received by Lender since the date of such
Borrowing  Base  Certificate)  shall  be and remain the Borrowing Base hereunder
until  the next Borrowing Base Certificate is delivered to Lender, at which time
the  Borrowing  Base shall be the amount shown in such subsequent Borrowing Base
Certificate.  Each Borrowing Base Certificate shall be certified as to truth and
accuracy  by  the president, the chief financial officer or the chief accounting
officer  of  Borrower.

     (d)     If  at any time the Total Revolving Credit Outstandings are greater
than  the Borrowing Base as shown on the most recent Borrowing Base Certificate,
Borrower  shall  be automatically required (without demand or notice of any kind
by  Lender, all of which are hereby expressly waived by Borrower) to immediately
repay the Revolving Credit Loans in an amount sufficient to reduce the amount of
the  Total  Revolving  Credit  Outstandings to the amount of the Borrowing Base.

     2.02     Procedure  for  Borrowing.  Subject to the terms and conditions of
              -------------------------
this  Agreement,  Lender  shall  cause  the Revolving Credit Loans to be made to
Borrower at any time and from time to time during the Revolving Credit Period of
this  Agreement upon timely prior oral or written notice ("Borrowing Notice") to
Lender  specifying  (a)  the desired amount of the Revolving Credit Loan and (b)
the date on which the Revolving Credit Loan proceeds are to be made available to
Borrower,  which  must be a Business Day. Each Borrowing Notice must be received
by  Lender  not  later  than  12:00 noon (St. Louis time) on the Business Day on
which  a  Revolving  Credit  Loan  is  to  be  made.  Subject  to  the terms and
conditions  of  this  Agreement, provided that Lender has received the Borrowing
Notice,  Lender  shall  (unless  Lender determines that any applicable condition
specified  in  Section 3 has not been satisfied) make such Revolving Credit Loan
to  Borrower by crediting the amount of such Revolving Credit Loan to an account
of Borrower at Lender, not later than 2:30 p.m. (St. Louis time) on the Business
Day  specified  in  said Borrowing Notice.  Borrower hereby authorizes Lender to
rely  on telephonic, telegraphic, telecopy, telex or written instructions of any
individual  identifying  himself  or herself as one of the individuals listed on
Schedule  2.02  attached  hereto  (or  any  other  individual  from time to time
--------------
authorized  to act on behalf of Borrower pursuant to a resolution adopted by the
Board  of  Directors  of Borrower and certified by the Secretary of Borrower and
delivered to Lender) with respect to any request to make a Revolving Credit Loan
or  a  repayment  hereunder,  and  on  any signature which Lender believes to be
genuine,  and  Borrower  shall  be  bound  thereby in the same manner as if such
person  were  actually authorized or such signature were genuine.  Borrower also
hereby  agrees to indemnify Lender and hold Lender harmless from and against any
and  all  claims,  demands,  damages,  liabilities,  losses,  costs and expenses
(including,  without  limitation,  reasonable  attorneys'  fees  and  expenses)
relating  to  or  arising  out  of  or  in  connection  with  the  acceptance of
instructions  for  making  Revolving  Credit Loans or repayments hereunder.  The
Revolving Credit Loans shall be evidenced by a Revolving Credit Note of Borrower
dated  the  date  hereof  and  payable  to  the  order of Lender in the original
principal  amount  of $1,500,000.00 in the form attached hereto as Exhibit B and
                                                                   ---------
incorporated  herein by reference (as the same may from time to time be amended,
modified,  extended  or  renewed,  the  "Revolving  Credit  Note").

     2.03     Term  Loan.  Lender  hereby agrees to make Borrower a term loan on
              ----------
the  date  hereof  in  the original principal amount of $1,350,000.00 (the "Term
Loan").  The  Term  Loan  shall  be  evidenced by a Term Loan Promissory Note of
Borrower  dated  the  date  hereof  and  payable  to  the order of Lender in the
original  principal  amount  of  $1,350,000.00  in  the  form attached hereto as
Exhibit  C  and  incorporated  herein by reference (as the same may from time to
----------

time be amended, modified, extended, renewed or restated, the "Term Loan Note").
The  Term  Loan  Note  shall  mature on April 25, 2007 (on which date all unpaid
principal  and  all  accrued  and unpaid interest shall become due and payable).
Principal  on  the  Term Loan Note shall be payable as provided in the Term Loan
Note.

                                      -13-
<PAGE>
Any  provision  of  this  Agreement  or  the  Term  Loan  Note  to  the contrary
notwithstanding,  the  unpaid  principal  balance  of the Term Loan plus accrued
interest  thereon  shall  be  immediately  due  and payable upon acceleration of
Borrower's  Obligations  as  provided  in  Section  6  hereof or in the event of
termination  of  this  Agreement.

     2.04     Interest  Rates.  So  long  as  no  Event  of  Default  under this
              ---------------
Agreement  has  been  declared  by  Lender and is continuing, (a) each Revolving
Credit  Loan  shall bear interest prior to maturity at a rate per annum equal to
the Prime Rate (fluctuating as and when the Prime Rate shall change) and (b) the
Term  Loan  shall  bear  interest prior to maturity at a rate per annum equal to
Eight  and  01/100  Percent (8.01%).  So long as any Event of Default under this
Agreement  has  been  declared  by  Lender and is continuing, (a) each Revolving
Credit  Loan  shall bear interest prior to maturity at a rate per annum equal to
Three  Percent  (3%)  over and above the Prime Rate (fluctuating as and when the
Prime  Rate  shall  change)  and  (b) the Term Loan shall bear interest prior to
maturity  at a rate per annum equal to Eleven and 01/100 Percent (11.01%).  From
and  after  the  maturity  of  the  Revolving  Credit Note, whether by reason of
acceleration  or  otherwise,  each  Revolving  Credit  Loan  shall bear interest
payable  on  demand  until  paid at a rate per annum equal to Three Percent (3%)
over  and  above  the  Prime  Rate (fluctuating as and when the Prime Rate shall
change).  From and after the maturity of the Term Loan Note, the Term Loan shall
bear  interest  payable on demand until paid at a rate per annum equal to Eleven
and  01/100  Percent  (11.01%).  Interest  shall be computed with respect to all
Loans  on  an  actual  day,  360-day  year  basis.

     2.05     Interest  Payments.  Borrower  shall pay Lender on the first (1st)
              ------------------
day  of each month, commencing with the first (1st) day of the first (1st) month
following  the  date each Revolving Credit Loan was made, all accrued and unpaid
interest on each Revolving Credit Loan.  Notwithstanding any provision contained
in  this  Agreement  to  the  contrary,  all  accrued and unpaid interest on the
Revolving  Credit  Loans  shall  also  be  paid at the maturity of the Revolving
Credit Note, whether by reason of acceleration or otherwise.  Borrower shall pay
Lender  interest  on  the  Term  Loan  as  provided  in  the  Term  Loan  Note.
Notwithstanding  any  provision contained in this Agreement to the contrary, all
accrued  and unpaid interest on the Term Loan shall also be paid at the maturity
of  the  Term Loan Note, whether by reason of acceleration or otherwise.  In the
event  any payment of interest shall become due on a day which is not a Business
Day,  such  interest  payment  shall  be  due and payable on the next succeeding
Business  Day.

     2.06     Prepayment.  Subject to the provisions of Section 2.10 and 2.07 of
              ----------
this  Agreement,  (a) Borrower shall have the right to prepay all at any time or
any  portion  from  time to time of the unpaid principal of any Revolving Credit
Loan  prior to maturity, without penalty or premium, and (b) Borrower shall have
the  right  to  prepay  all  at any time or any portion from time to time of the
unpaid  principal  balance of the Term Loan prior to maturity, provided that (i)
partial  prepayments  shall  be applied to installments of principal of the Term
Loan  in  the  inverse order of their stated maturities, (ii) on each prepayment
date,  Borrower shall pay to the order of Lender all accrued and unpaid interest
on  the  principal  portion  of the Term Loan being prepaid to and including the
date  of  such  prepayment,  and (iii) Borrower shall pay the Prepayment Fee and
other  amounts,  if  any,  under  Section  2.07.

     2.07     Prepayment  Fee.  Borrower  hereby  agrees  to  pay  Lender,  upon
              ---------------
prepayment  of all or part of the principal amount of the Term Loan before final
maturity,  a prepayment fee ("Prepayment Fee") in an amount equal to the product
of (A) the amount of principal of each installment so prepaid, each respectively
multiplied  by (B) the product of (1) a rate of interest equal to the difference
(not  less  than  zero) between the rate of interest then applicable to the Term
Loan  and the yield-to-maturity of U.S. Treasury securities selected by Bank, as
reported in the Wall Street Journal, Midwest Edition, or any similar publication
                -------------------
or  newspaper  selected  by  Bank,  on  the Business Day before the date of such
prepayment,  having  an  original  maturity  closest to, but not later than, the
respective  due  date  of the applicable installment of principal being prepaid,
multiplied  by  (2)  the  number  of  days  from  and including the date of such
prepayment  to  but  not  including  the  respective  due date of the applicable
installment  of  principal  being  prepaid divided by three hundred sixty (360).
All  determinations,  estimates,  assumptions, allocations and the like required
for  the  determination  of  such  Prepayment Fees shall be made by Bank in good
faith,  and  Bank's  determination  shall  be final, binding and conclusive upon
Borrower.  If  Borrower  fails to pay any Prepayment Fee when due, the amount of
such  Prepayment  Fee  shall  thereafter bear interest until paid at the default
rate  applicable  to  the Term Loan specified in this Agreement (computed on the
basis  of  a  360-day  year,  actual  days  elapsed).

                                      -14-
<PAGE>
     2.08     Method  of  Making  Interest  and  Other  Payments; Application of
              ------------------------------------------------------------------
Payments.  Lender  may,  at  its option, deem interest and other amounts payable
under  this Agreement (including any principal portion of the Term Loan which is
then due and payable but excluding the principal balance of the Revolving Credit
Loans)  to  be paid by causing a Revolving Credit Loan to be made to Borrower in
such  amount(s).  Solely  for  the  purpose  of  calculating  interest earned by
Lender, payment by or for the account of Borrower shall be applied by the Lender
on  account of the Borrower's Obligations on the second (2nd) Business Day after
a  deposit  of funds is made in the amount of that payment in Lender's operating
account  at  Lender.  Deposits received after 12:00 noon. (St. Louis time) shall
be  deemed  to  have  been  received or deposited on the following Business Day.

     2.09     Late Fees.  If Borrower fails to make any payment of any principal
              ---------
of  or  interest  on any Loan within ten (10) days after the date the same shall
become  due  and  payable,  whether  by  reason  of  maturity,  acceleration  or
otherwise,  in  addition to all of the other rights and remedies of Lender under
this Agreement and at law or in equity, Borrower shall pay Lender on demand with
respect  to  each such late payment a late fee in an amount equal to the greater
of  $100.00  or  Five  Percent  (5%)  of  the  amount of each such late payment.

     2.10     Early  Termination  and Early Termination Fee.  Borrower may elect
              ---------------------------------------------
to  terminate  this  Agreement  at any time.  Borrower hereby agrees that in the
event  that  Lender  or  Borrower elects to terminate this Agreement (including,
without  limitation,  any termination by Lender as a result of the occurrence of
an Event of Default under this Agreement), Borrower will pay to Lender the total
of  the  following:  (a)  any  amount  of  interest  accrued through the date of
termination  with respect to the outstanding Borrower's Obligations; and (b) the
outstanding  Borrower's  Obligations.

     2.11     General  Provisions  as  to  Payments.  Borrower  shall  make each
              -------------------------------------
payment  of  principal  of, and interest on, the Loans and of fees and all other
amounts  payable under this Agreement not later than 12:00 noon (St. Louis time)
on  the  date  when  due, in Federal or other funds immediately available in St.
Louis, Missouri, to Lender at its address referred to in Section 7.07.  Payments
received  after  12:00  noon.  (St.  Louis  time)  shall  be deemed to have been
received  on  the following Business Day.  Whenever any payment of principal of,
or  interest  on,  the  Loans  or  of  fees shall be due on a day which is not a
Business  Day,  the  date  for  payment  thereof  shall  be extended to the next
succeeding  Business  Day.  If the date for any payment of principal is extended
by operation of law or otherwise, interest thereon, at the then applicable rate,
shall  be  payable  for  such  extended  time.

SECTION3.  PRECONDITIONS  TO  LOANS.
-----------------------------------

     3.01     Initial  Loan.  Notwithstanding  any  provision  contained in this
              -------------
Agreement  to  the contrary, Lender shall have no obligation to make the initial
Loan  under  this  Agreement  unless  Lender  shall  have  first  received:

     (a)     this  Agreement  and  the Notes, each executed by a duly authorized
officer  of  Borrower;

     (b)     the  Security  Agreement  (which  must  be  in  form  and substance
satisfactory  to  Lender)  and such Uniform Commercial Code financing statements
and other documents as Lender may require in connection therewith, each executed
by  a  duly  authorized  officer  of  Borrower;

     (c)     the  Missouri  Deed  of  Trust (which must be in form and substance
satisfactory  to  Lender)  and such Uniform Commercial Code financing statements
and other documents as Lender may require in connection therewith, each executed
by  a  duly  authorized  officer  of  Borrower;

     (d)     the  Assignment  of  Leases  and  Rents  (which must be in form and
substance  satisfactory  to  Lender)  and such Uniform Commercial Code financing
statements  and  other  documents as Lender may require in connection therewith,
each  executed  by  a  duly  authorized  officer  of  Borrower;

     (e)     a title commitment for an ALTA Loan Policy (Form 1970) for the real
property  covered  by  the Missouri Deed of Trust in an amount acceptable to the
Lender,  with  all  standard  exceptions  deleted,  no  other  exceptions unless
previously  approved  by  the  Lender and with such affirmative coverages as the
Lender  shall  require,  including,  without limitation, a zoning endorsement, a
comprehensive  endorsement,  a future advance endorsement, a survey endorsement,
an  access  endorsement,  a  separate tax parcel, and a last dollar endorsement;

                                      -15-
<PAGE>
     (f)     copies  of  all  recorded  plats and title exceptions affecting the
real  property  covered  by  the  Missouri  Deed  of  Trust;

     (g)     an  appraisal  of the real property covered by the Missouri Deed of
Trust  in form and substance satisfactory to the Lender prepared by an appraiser
selected  by  the  Lender;

     (h)     such  environmental assessments of the real property covered by the
Missouri  Deed  of  Trust as shall be required by the Lender, including, without
limitation,  appropriate  environmental  inspections, tests and record searches,
and  a  report thereof by an environmental engineer or other Person satisfactory
to the Lender stating there is no evidence of hazardous or toxic materials on or
affecting  any  such real property together with a reliance letter acceptable to
the  Lender;

     (i)     the  Illinois  Mortgage  (which  must  be  in  form  and  substance
satisfactory  to  Lender)  and such Uniform Commercial Code financing statements
and other documents as Lender may require in connection therewith, each executed
by  a  duly  authorized  officer  of  Borrower;

     (j)     a title commitment for an ALTA Loan Policy (Form 1970) for the real
property covered by the Illinois Mortgage in an amount acceptable to the Lender,
with  all  standard  exceptions  deleted,  no other exceptions unless previously
approved  by  the Lender and with such affirmative coverages as the Lender shall
require,  including,  without  limitation, a zoning endorsement, a comprehensive
endorsement,  a  future  advance  endorsement,  a  survey endorsement, an access
endorsement,  a  separate  tax  parcel,  and  a  last  dollar  endorsement;

     (k)     copies  of  all  recorded  plats and title exceptions affecting the
real  property  covered  by  the  Illinois  Mortgage;

     (l)     an  appraisal of the real property covered by the Illinois Mortgage
in  form  and  substance  satisfactory  to  the  Lender prepared by an appraiser
selected  by  the  Lender;

     (m)     such  environmental assessments of the real property covered by the
Illinois  Mortgage  as  shall  be  required  by  the  Lender, including, without
limitation,  appropriate  environmental  inspections, tests and record searches,
and  a  report thereof by an environmental engineer or other Person satisfactory
to the Lender stating there is no evidence of hazardous or toxic materials on or
affecting  any  such real property together with a reliance letter acceptable to
the  Lender;

     (n)     a  landlord  estoppel  letter  (which must be in form and substance
satisfactory  to  the  Lender),  duly executed by the owner of the real property
covered  by  the  Illinois  Mortgage;

     (o)     the  Guaranty  (which must be in form and substance satisfactory to
Lender),  duly  executed  by  each  of  the  Guarantors;

     (p)     a  copy  of resolutions of the Board of Directors of Borrower, duly
adopted,  which  authorize  the  execution,  delivery  and  performance  of this
Agreement,  the  Notes and the other Transaction Documents executed by Borrower,
certified  by  the  Secretary  of  Borrower;

     (q)     a  copy of the Articles of Incorporation of Borrower, including any
amendments  thereto,  certified  by  the  Secretary  of  State  of  the State of
Missouri;

     (r)     a  copy  of  the  By-Laws  of  Borrower,  including  any amendments
thereto,  certified  by  the  Secretary  of  Borrower;

                                      -16-
<PAGE>
     (s)     an  incumbency  certificate, executed by the Secretary of Borrower,
which  shall  identify  by  name and title and bear the signatures of all of the
officers  of  Borrower  executing  any  of  the  Transaction  Documents;

     (t)     certificates  of  corporate good standing of Borrower issued by the
Secretaries  of  State  of  the  States  of  Missouri  and  Illinois;

     (u)     a  copy  of  the  Certificate  of  Incorporation  of  Air  Methods
Corporation,  including  any  amendments  thereto, certified by the Secretary of
State  of  the  State  of  Delaware;

     (v)     a  copy  of  the  By-Laws of Air Methods Corporation, including any
amendments  thereto,  certified  by  the  Secretary  of Air Methods Corporation;

     (w)     an incumbency certificate, executed by the Secretary of Air Methods
Corporation,  which  shall identify by name and title and bear the signatures of
all  of the officers of Air Methods Corporation executing any of the Transaction
Documents;

     (x)     certificates  of corporate good standing of Air Methods Corporation
issued  by  the  Secretaries  of  State  of the States of Missouri and Delaware;

     (y)     a copy of the Articles of Incorporation of Mercy Air Service, Inc.,
including  any  amendments  thereto,  certified by the Secretary of State of the
State  of  California;

     (z)     a  copy  of  the  By-Laws of Mercy Air Service, Inc., including any
amendments  thereto,  certified  by  the  Secretary  of Mercy Air Service, Inc.;

     (aa)     an  incumbency certificate, executed by the Secretary of Mercy Air
Service, Inc., which shall identify by name and title and bear the signatures of
all  of the officers of Mercy Air Service, Inc. executing any of the Transaction
Documents;

     (bb)     certificates of corporate good standing of Mercy Air Service, Inc.
issued  by  the  Secretaries  of State of the States of Missouri and California;

     (cc)     an  opinion  of  counsel  of  Davis,  Graham & Stubbs LLP, outside
counsel  to  Borrower  and the Guarantors, in form and substance satisfactory to
Lender  and  Lender's  counsel;

     (dd)     the  initial  Borrowing  Base  Certificate  required  by  Section
2.01(c);

     (ee)     the  Borrowing  Notice  required  by  Section  2.02;

     (ff)     evidence  of  the  proper  filing  of  UCC-1  Financing Statements
perfecting  first  priority  security interests in favor of Lender in all of the
Collateral  and  all  of  the  Third  Party  Collateral;

     (gg)     UCC-3  Termination  Statements  for all UCC-1 Financing Statements
filed  of record against Borrower other than UCC-1 Financing Statements relating
to  Permitted  Liens;

     (hh)     evidence  satisfactory to Lender of the insurance required by this
Agreement  and  the  other  Transaction  Documents  together  with  loss payable
endorsements  in form and substance satisfactory to Lender, duly executed by the
insurance  company;

     (ii)     copies  of  all  financial  statements  and  other  Exhibits  and
Schedules  required  by  this  Agreement  and  the  other Transaction Documents;

                                      -17-
<PAGE>
     (jj)     a  letter  of  direction  from  Borrower  with  respect  to  the
disbursement  of  the  proceeds  of  the  initial  Loans  under  this Agreement;

     (kk)     such  mortgagee,  bailee,  landlord  or  warehousemen's waivers as
Lender  may deem necessary regarding locations at which Collateral is or will be
stored  or  otherwise  located;

     (ll)     evidence  satisfactory to the Lender that Borrower has consummated
the acquisition of the assets of Area Rescue Consortium of Hospitals pursuant to
that  certain  Asset  Purchase Agreement dated March 23, 2000, by and among Area
Rescue Consortium of Hospitals, as seller, Air Methods Corporation and Mercy Air
Service,  Inc.,  as  buyers, and assigned by buyers to Borrower pursuant to that
certain  Assignment  Agreement dated April 18, 2000 by and among such seller and
buyers  (the  "ARCH Acquisition Agreement"), the terms and provisions (including
the  purchase  price)  of which ARCH Acquisition Agreement must be acceptable to
the  Lender,  which  evidence  shall  include  (i)  a certificate of all "buyer"
parties  to  the  ARCH  Acquisition Agreement that all of the conditions to such
parties'  obligations  thereunder  which  are  required to be satisfied as of or
prior  to  closing  have  been  satisfied  or  effectively  waived  and  (ii)  a
certificate  of  all "seller" parties to the ARCH Acquisition Agreement that all
of  the conditions to such parties' obligations thereunder which are required to
be  satisfied  as  of  or  prior  to  closing have been satisfied or effectively
waived;  and

     (mm)     such  other agreements, documents, instruments and certificates as
Lender  may  reasonably  request.

     Any  one  or  more  of  the  conditions set forth above which have not been
satisfied  by  Borrower  on  or prior to the date of disbursement of the initial
Loan  hereunder  shall  not be deemed permanently waived by Lender unless Lender
shall  waive  the  same  in  a writing which expressly states that the waiver is
permanent,  and  in  all cases in which the waiver is not stated to be permanent
Lender  may  at  any  time  subsequent  thereto  insist  upon  compliance  and
satisfaction  of  any  such  condition  as  a  condition  to any subsequent Loan
hereunder and failure to Borrower to comply with any such condition within three
(3)  Business  Day's  written notice from Lender to Borrower shall constitute an
Event  of  Default  under  this  Agreement.

     3.02     All  Loans.  Notwithstanding  any  provision  contained  in  this
              ----------
Agreement  to  the  contrary,  Lender  shall have no obligation to make any Loan
under  this  Agreement  unless:

     (a)     Lender  shall have received a current Borrowing Base Certificate as
required  by  Section  2.01(c);

     (b)     if such Loan is a Revolving Credit Loan, Lender shall have received
a  Borrowing  Notice for such Revolving Credit Loan as required by Section 2.02;

     (c)     both immediately before and immediately after giving effect to such
Loan,  no  Default  or Event of Default under this Agreement shall have occurred
and  be  continuing;

     (d)     no  material adverse change in the Properties, assets, liabilities,
business, operations, prospects, income or condition (financial or otherwise) of
Borrower,  any other Obligor and/or any Subsidiary shall have occurred since the
date  of  this  Agreement  and  be  continuing;  and

     (e)     all  of the representations and warranties made by Borrower in this
Agreement  and/or in any other Transaction Document shall be true and correct in
all material respects on and as of the date of such Loan as if made on and as of
the  date  of  such  Loan  (and  for  purposes  of  this  Section  3.02(e),  the
representations  and warranties made by Borrower in Section 4.04 shall be deemed
to refer to the most recent financial statements of Borrower delivered to Lender
pursuant  to  Section  5.01(a)).

     Each request for a Loan by Borrower under this Agreement shall be deemed to
be  a representation and warranty by Borrower on the date of such Loan as to the
facts  specified  in  clauses  (c),  (d)  and  (e)  of  this  Section  3.02.

                                      -18-
<PAGE>
SECTION 4.  REPRESENTATIONS  AND  WARRANTIES.
-------------------------------------------

     Borrower  hereby  represents  and  warrants  to  Lender  that:

     4.01     Corporate Existence and Power.  Borrower and each Subsidiary:  (a)
              -----------------------------
is  duly  incorporated,  validly existing and in good standing under the laws of
the  jurisdiction  of  its incorporation; (b) has all requisite corporate powers
required  to  carry  on  its  business  as  now conducted; (c) has all requisite
governmental  and  regulatory  licenses,  authorizations, consents and approvals
required  to  carry  on  its  business  as  now conducted, except such licenses,
authorizations,  consents and approvals the failure to have could not reasonably
be  expected to have a Material Adverse Effect; and (d) is qualified to transact
business as a foreign corporation in, and is in good standing under the laws of,
all  states  in  which  it  is  required  by  applicable  law  to  maintain such
qualification  and good standing except for those states in which the failure to
qualify  or  maintain  good  standing could not reasonably be expected to have a
Material  Adverse  Effect.

     4.02     Corporate  Authorization.  The execution, delivery and performance
              ------------------------
by  Borrower of this Agreement, the Notes and the other Transaction Documents to
which  Borrower  is a party are within the corporate powers of Borrower and have
been  duly  authorized  by  all  necessary  corporate  action.

     4.03     Binding  Effect.  This  Agreement,  the  Notes  and  the  other
              ---------------
Transaction  Documents  to which Borrower is a party have been duly executed and
delivered by Borrower and constitute the legal, valid and binding obligations of
Borrower  enforceable  in accordance with their respective terms, except as such
enforceability  may  be  limited by bankruptcy, insolvency or other similar laws
affecting  creditors'  rights  generally  and  by  general  principles of equity
(regardless  of  whether  such  enforceability  is considered in a proceeding in
equity  or  at  law).

     4.04     Financial  Statements.  Borrower  has  furnished  Lender with such
              ---------------------
financial statements of Parent and Area Rescue Consortium of Hospitals as Lender
has  requested.  Borrower  represents  and  warrants  to  Lender  that  (a) such
financial  statements  with  respect  to  Parent fairly present the condition of
Parent  and  its  Subsidiaries  as  of  the dates thereof, (b) there has been no
material  adverse  change in the condition or operation, financial or otherwise,
of  Parent  or any of its Subsidiaries since the last date of any such financial
statements,  (c)  neither  Parent  nor any of its Subsidiaries had any direct or
contingent  liabilities which were not disclosed on said financial statements or
the  notes  thereto (to the extent such disclosure is required by GAAP); and (d)
Borrower  has no knowledge of any facts, circumstances or omissions that make or
may  make  the  financial  statements  furnished  with  respect  to  Area Rescue
Consortium of Hospitals untrue, incorrect or misleading in any material respect.

     4.05     Litigation.  Except as disclosed on Schedule 4.05 attached hereto,
              ----------                          -------------
there  is  no  action  or  proceeding  pending or, to the knowledge of Borrower,
threatened  against  or  affecting  Borrower or any Subsidiary before any court,
arbitrator  or  any  governmental,  regulatory  or  administrative  body,
instrumentality,  authority,  agency  or official which, if determined adversely
against  Borrower  or  any  Subsidiary,  could  reasonably be expected to have a
Material Adverse Effect.  Neither Borrower nor any Subsidiary is in default with
respect  to  any  order,  writ,  injunction,  decision  or  decree of any court,
arbitrator  or  any  governmental,  regulatory  or  administrative  body,
instrumentality,  authority,  agency  or  official,  a default under which could
reasonably  be  expected  to  have  a  Material  Adverse  Effect.  There  are no
outstanding  judgments  against  Borrower  or  any  Subsidiary.

                                      -19-
<PAGE>
     4.06     Pension  and  Welfare  Plans.  Each  Pension Plan and Welfare Plan
              ----------------------------
complies  in  all material respects with ERISA and all other applicable statutes
and  governmental  and regulatory rules and regulations; no Reportable Event has
occurred  and  is  continuing with respect to any Pension Plan; neither Borrower
nor any Subsidiary nor any ERISA Affiliate has withdrawn from any Multi-Employer
Plan in a "complete withdrawal" or a "partial withdrawal" as defined in Sections
4203 or 4205 of ERISA, respectively; neither Borrower nor any Subsidiary nor any
ERISA Affiliate has entered into an agreement pursuant to Section 4204 of ERISA;
neither  Borrower  nor  any  Subsidiary  nor any ERISA Affiliate has in the past
contributed  to  or  currently  contributes  to  a  Multi-Employer Plan; neither
Borrower nor any Subsidiary nor any ERISA Affiliate has any withdrawal liability
with respect to a Multi-Employer Plan; no steps have been instituted by Borrower
or  any  Subsidiary  or  any  ERISA  Affiliate to terminate any Pension Plan; no
condition  exists  or  event  or transaction has occurred in connection with any
Pension  Plan,  Multi-Employer  Plan  or  Welfare Plan which could result in the
incurrence  by Borrower or any Subsidiary or any ERISA Affiliate of any material
liability,  fine  or  penalty;  and  neither Borrower nor any Subsidiary nor any
ERISA Affiliate is a "contributing sponsor" as defined in Section 4001(a)(13) of
ERISA  of  a  "single-employer  plan" as defined in Section 4001(a)(15) of ERISA
which  has  two or more contributing sponsors at least two of whom are not under
common control.  Except as disclosed on the consolidated financial statements of
Borrower  and its Subsidiaries delivered by Borrower to Lender, neither Borrower
nor any Subsidiary nor any ERISA Affiliate has any liability with respect to any
Welfare  Plan.

     4.07     Tax  Returns  and Payment.  Borrower and each Subsidiary has filed
              -------------------------
all  Federal,  state,  local  and  other  income and other tax returns which are
required  to  be  filed and has paid all taxes which have become due pursuant to
such  returns  and  all  other  taxes,  assessments, fees and other governmental
charges  upon Borrower or such Subsidiary, as the case may be, and/or upon their
respective  Properties,  assets, income and franchises which have become due and
payable by Borrower or such Subsidiary, as the case may be, except those wherein
the  amount,  applicability  or validity are being contested by Borrower or such
Subsidiary,  as  the  case  may  be, by appropriate proceedings being diligently
conducted  in good faith and in respect of which adequate reserves in accordance
with  GAAP  have  been  established.  There  is  no  asserted or assessed (or to
Borrower's  knowledge,  proposed)  tax  deficiency  against  Borrower  or  any
Subsidiary  which,  if  determined adversely against Borrower or any Subsidiary,
could  reasonably  be  expected  to  have  a  Material  Adverse  Effect.

     4.08     Subsidiaries.  Borrower  has  no  Subsidiaries  other  than  as
              ------------
identified  on  Schedule 4.08 attached hereto, as the same may from time to time
                -------------
be amended, modified or supplemented as provided herein.  Schedule 4.08 attached
                                                          -------------
hereto  correctly  sets forth, for each Subsidiary, the number of shares of each
class  of  common and preferred stock authorized for such Subsidiary, the number
of  outstanding  and the percentage of the outstanding shares of each such class
owned,  directly  or indirectly, by Borrower or one or more of its Subsidiaries.
All  of  the  issued  and  outstanding  capital stock of each Subsidiary is duly
authorized,  validly  issued  and  fully  paid  and  nonassessable.  Except  as
disclosed on Schedule 4.08 attached hereto, neither Borrower nor any Subsidiary,
             -------------
individually or collectively, owns or holds, directly or indirectly, any capital
stock  or  equity  security  of,  or  any equity interest in, any corporation or
business  other  than  Borrower's Subsidiaries.  Borrower may at any time amend,
modify or supplement Schedule 4.08 by notifying Lender in writing of any changes
                     -------------
thereto,  including  any  formation,  acquisition,  merger or liquidation of any
Subsidiary  or any change in the capitalization of any Subsidiary, in each case,
in  accordance with the terms of this Agreement, and thereby the representations
and  warranties  contained  in this Section 4.08 shall be amended accordingly so
long  as  such  amendment, modification or supplement is made within thirty (30)
days  after  the  occurrence of any such changes in the facts stated therein and
that  such changes reflect transactions that are permitted under this Agreement.

     4.09     Compliance  With  Other  Instruments;  None  Burdensome.  Neither
              -------------------------------------------------------
Borrower  nor  any Subsidiary is a party to any contract or agreement or subject
to any charter or other corporate restriction which could reasonably be expected
to  have  a  Material  Adverse  Effect  and which is not disclosed on Borrower's
financial  statements  heretofore submitted to Lender; none of the execution and
delivery  by  Borrower  of  the  Transaction  Documents, the consummation of the
transactions  therein contemplated or the compliance with the provisions thereof
will  violate  any  law,  rule,  regulation,  order, writ, judgment, injunction,
decree or award binding on Borrower, or any of the provisions of the Certificate
or  Articles of Incorporation or By-Laws of Borrower or any of the provisions of
any  indenture, agreement, document, instrument or undertaking to which Borrower
is  a  party  or  subject,  or  by which Borrower or any Property of Borrower is
bound,  or  conflict  with  or  constitute a default thereunder or result in the
creation  or imposition of any Lien pursuant to the terms of any such indenture,
agreement,  document,  instrument  or undertaking (other than in favor of Lender
pursuant  to  the Transaction Documents).  No order, consent, approval, license,
authorization  or  validation  of, or filing, recording or registration with, or
exemption  by,  any  governmental,  regulatory, administrative or public body or
authority,  or  any  subdivision  thereof,  or  any  other Person is required to
authorize,  or  is  required  in  connection  with,  the  execution, delivery or
performance  of, or the legality, validity, binding effect or enforceability of,
any  of  the  Transaction  Documents.

                                      -20-
<PAGE>
     4.10     Other  Debt,  Guarantees  and  Capitalized  Leases.  Except  as
              --------------------------------------------------
disclosed  on Schedule 4.10 attached hereto, neither Borrower nor any Subsidiary
              -------------
is  a  borrower,  guarantor  or  obligor with respect to, or a lessee under, any
Debt,  Guarantees or Capitalized Leases.  Borrower may at any time amend, modify
or  supplement  Schedule  4.10  by  notifying  Lender  in writing of any changes
                --------------
thereto,  and  thereby  the  representations  and  warranties  contained in this
Section  4.10  shall  be  amended  accordingly  so  long  as  such  amendment,
modification  or supplement is made within thirty (30) days after the occurrence
of  any  such  changes in the facts stated therein and that such changes reflect
transactions  that  are  permitted  under  this  Agreement.

     4.11     Labor Matters.   Neither Borrower nor any Subsidiary is a party to
              -------------
any  labor dispute which could reasonably be expected to have a Material Adverse
Effect.  There  are  no  strikes  or  walkouts relating to any labor contract to
which  Borrower or any Subsidiary is subject.  Hours worked and payments made to
the employees of Borrower and its Subsidiaries have not been in violation of (a)
the  Fair  Labor Standards Act or (b) any other applicable law dealing with such
matters,  the violation of which could reasonably be expected to have a Material
Adverse  Effect.  All payments due from Borrower or any Subsidiary, or for which
any  claim may be made against any of them, in respect of wages, employee health
and  welfare  insurance  and/or  other  benefits  have been paid or accrued as a
liability  on  their  respective  books.

     4.12     Title  to  Property.  Borrower and each Subsidiary is the sole and
              -------------------
absolute  owner  of,  or  has the legal right to use and occupy, all Property it
claims  to  own or which is necessary for Borrower or such Subsidiary to conduct
its business, and all of such Property is free and clear of all Liens other than
Permitted  Liens.  Borrower  and each Subsidiary enjoys peaceful and undisturbed
possession in all material respects under all leases under which it is operating
as  a  lessee.

     4.13     Regulation  U.  Borrower  is not engaged principally, or as one of
              -------------
its important activities, in the business of extending credit for the purpose of
purchasing  or  carrying margin stock (within the meaning of Regulation U of The
Board of Governors of the Federal Reserve System, as amended) and no part of the
proceeds  of  any Loan will be used, whether directly or indirectly, and whether
immediately, incidentally or ultimately (a) to purchase or carry margin stock or
to  extend  credit  to  others  for the purpose of purchasing or carrying margin
stock,  or  to refund or repay indebtedness originally incurred for such purpose
or  (b)  for  any purpose which entails a violation of, or which is inconsistent
with,  the provisions of any of the Regulations of The Board of Governors of the
Federal  Reserve System, including, without limitation, Regulations G, U, T or X
thereof, as amended.  If requested by Lender, Borrower shall furnish to Lender a
statement  in  conformity  with  the  requirements  of  Federal Reserve Form U-1
referred  to  in  Regulation  U.

     4.14     Multi-Employer  Pension Plan Amendments Act of 1980.  Borrower and
              ---------------------------------------------------
each Subsidiary is in compliance with the Multi-Employer Pension Plan Amendments
Act  of  1980,  as  amended  ("MEPPAA"),  and  has  no  liability  for  pension
contributions  pursuant  to  MEPPAA.

     4.15     Investment Company Act of 1940; Public Utility Holding Company Act
              ------------------------------------------------------------------
of  1935.  Borrower  is  not an "investment company" as that term is defined in,
--------
and  is not otherwise subject to regulation under, the Investment Company Act of
1940,  as  amended.  Borrower is not a "holding company" as that term is defined
in, and is not otherwise subject to regulation under, the Public Utility Holding
Company  Act  of  1935,  as  amended.

     4.16     Patents,  Trademarks,  Copyrights,  Licenses,  Etc.  Except  as
              --------------------------------------------------
disclosed  on Schedule 4.16 attached hereto, neither Borrower nor any Subsidiary
              -------------
has  any  patents,  patent  applications,  patent  rights, trademarks, trademark
applications,  trademark  rights,  copyrights,  licenses  or  other intellectual
property  which  are  material  to  the  business of Borrower or any Subsidiary.
Borrower  may at any time amend, modify or supplement Schedule 4.16 by notifying
                                                      -------------
Lender  in  writing  of any changes thereto, and thereby the representations and
warranties contained in the first sentence of this Section 4.16 shall be amended
accordingly so long as such amendment, modification or supplement is made within
thirty  (30)  days  after the occurrence of any such changes in the facts stated
therein and that such changes reflect transactions that are permitted under this
Agreement.  Borrower and each Subsidiary possesses all necessary patents, patent
rights,  trademarks,  trademark  rights,  trade  names,  trade  name  rights,
copyrights,  licenses  and  other  intellectual property to conduct its business
without  conflict  with  any  patent,  patent right, trademark, trademark right,
trade  name,  copyright,  license  or  other  intellectual property of any other
Person.

                                      -21-
<PAGE>
     4.17     Environmental  and Safety and Health Matters.  Except as disclosed
              --------------------------------------------
on  Schedule  4.17  attached  hereto:  (a)  the  operations of Borrower and each
    --------------
Subsidiary  comply  with  all  applicable  Environmental Laws and all applicable
Occupational  Safety  and Health Laws, the violation or noncompliance with which
could  reasonably be expected to have a Material Adverse Effect; (b) none of the
operations  of Borrower or any Subsidiary are subject to any Environmental Claim
or  any judicial, governmental, regulatory or administrative proceeding alleging
the  violation  of  any Occupational Safety and Health Law, which, if determined
adversely  against  Borrower  or any Subsidiary, could reasonably be expected to
have  a  Material  Adverse Effect; (c) none of the operations of Borrower or any
Subsidiary  is  the  subject  of  any  Federal or state investigation evaluating
whether  any  remedial  action  is needed to respond to any Release of Hazardous
Substances  or any unsafe or unhealthful condition at any premises owned, leased
or  operated  by  Borrower or such Subsidiary, which, if determined adversely to
Borrower  or  any  Subsidiary,  could  reasonably be expected to have a Material
Adverse  Effect;  (d)  neither  Borrower nor any Subsidiary has filed any notice
under  any Environmental Law or Occupational Safety and Health Law indicating or
reporting  (i)  any  past  or  present  spillage,  leakage  or  Release into the
environment of, or treatment, storage or disposal of, any Hazardous Substance or
(ii)  any  unsafe  or  unhealthful  condition  at  any premises owned, leased or
operated  by  Borrower  or  such  Subsidiary;  and  (e) neither Borrower nor any
Subsidiary  has  any  material  contingent  liability in connection with (i) any
spillage, disposal or Release into the environment of, or otherwise with respect
to,  any Hazardous Substances or (ii) any unsafe or unhealthful condition at any
premises  owned,  leased  or  operated  by  Borrower  or  such  Subsidiary.

     4.18     Investments.  Neither  Borrower  nor  any  Subsidiary  has  any
              -----------
Restricted  Investments.

     4.19     No  Default.  No  Default or Event of Default under this Agreement
              -----------
has  occurred  and  is  continuing.  There  is  no  existing default or event of
default  under  or  with respect to any indenture, contract, agreement, lease or
other  instrument to which Borrower or any Subsidiary is a party or by which any
Property  of  Borrower  or  any Subsidiary is bound or affected, a default under
which  could reasonably be expected to have a Material Adverse Effect.  Borrower
and each Subsidiary has and is in full compliance with and in good standing with
respect  to  all  governmental  and  regulatory permits, licenses, certificates,
consents  and  franchises  necessary  to  continue  to  conduct  its business as
previously conducted by it and to own or lease and operate its Properties as now
owned  or  leased  by  it, the failure to have or noncompliance with which could
reasonably  be  expected  to have a Material Adverse Effect, and, to the best of
Borrower's knowledge, none of said permits, certificates, consents or franchises
contain  any  term, provision, condition or limitation more burdensome than such
as  are  generally applicable to Persons engaged in the same or similar business
as  Borrower  or  such Subsidiary, as the case may be.  Neither Borrower nor any
Subsidiary  of  Borrower  is  in violation of any applicable statute, law, rule,
regulation  or  ordinance  of  the United States of America, of any state, city,
town,  municipality,  county  or  of  any  other  jurisdiction, or of any agency
thereof,  a  violation  of which could reasonably be expected to have a Material
Adverse  Effect.

     4.20     Government  Contracts.  Neither  Borrower  nor any Subsidiary is a
              ---------------------
party  to  or  bound  by  any  supply  or  purchase  agreements with the Federal
government  or  any  state  or  local  government  or  any  agency  thereof, the
termination  or  cancellation  of  which  could reasonably be expected to have a
Material  Adverse  Effect.

     4.21     Purchase  and  Other Commitments and Outstanding Bids. No material
              -----------------------------------------------------
purchase  or  other commitment of Borrower or any Subsidiary is in excess of the
normal,  ordinary  and  usual  requirements  of its business, or was made at any
price  in excess of the then current market price, or, to the best of Borrower's
knowledge,  contains  terms  and  conditions  more  onerous than those usual and
customary  in  the  applicable  industry.  There is no material outstanding bid,
sales  proposal,  contract or unfilled order of Borrower or any Subsidiary which
(a)  will,  or  could  if accepted, require Borrower or any Subsidiary to supply
goods  or  services  at  a  cost  to Borrower or any Subsidiary in excess of the
revenues  to  be  received  therefor or (b) quotes prices which do not include a
markup  over  reasonably estimated costs consistent with past markups on similar
business  based  on  market  conditions  current  at  that  time.

                                      -22-
<PAGE>
     4.22     Disclosure.  Neither  this  Agreement  nor  any of the Exhibits or
              ----------
Schedules  hereto  nor  any  certificate  or  other  data furnished to Lender in
writing  by  or  on  behalf of Borrower or any Subsidiary in connection with the
transactions  contemplated  by  this  Agreement contains any untrue or incorrect
statement of a material fact or omits to state a material fact necessary to make
the  statements  contained  herein  or  therein  not  misleading.  To  the  best
knowledge  of  Borrower, there is no fact peculiar to Borrower or any Subsidiary
which  presently  has  a  Material  Adverse  Effect  or in the future (so far as
Borrower  can  now  foresee)  could  reasonably  be  expected to have a Material
Adverse  Effect,  which has not heretofore been disclosed in writing by Borrower
to  Lender.

SECTION5.  COVENANTS.
--------------------

     5.01     Affirmative  Covenants of Borrower.  Borrower covenants and agrees
              ----------------------------------
that,  so  long  as  Lender  has  any  obligation  to  make  any Loan under this
Agreement,  any  Letter  of  Credit remains outstanding or any of the Borrower's
Obligations  remain  unpaid:

     (a)     Information.  Borrower  will  deliver  or  cause to be delivered to
             -----------
Lender:

          (i)  as  soon  as  available  and in any event within ninety (90) days
after  the  end  of  each  fiscal year of Parent, consolidated and consolidating
balance  sheets of Parent and its Subsidiaries as of the end of such fiscal year
and  the  related  consolidated and consolidating statements of income, retained
earnings  and  cash  flows  for such fiscal year, setting forth in each case, in
comparative  form,  the figures for the previous fiscal year, all such financial
statements  to  be  prepared  in  accordance  with GAAP consistently applied and
reported  on  by and accompanied by the unqualified opinion of KPMG LLP or other
independent  certified  public  accountants  selected  by  Parent and reasonably
acceptable  to  Lender;

          (ii)  as  soon  as  available  and in any event within forty-five (45)
days  after  the  end  of  each  fiscal  quarter  of each fiscal year of Parent,
consolidated  and consolidating balance sheets of Parent and its Subsidiaries as
of  the  end of such fiscal month and the related consolidated and consolidating
statements  of  income, retained earnings and cash flows for such fiscal quarter
and  for  the  portion  of  Parent's fiscal year ended at the end of such fiscal
quarter,  setting  forth  in  each case in comparative form, the figures for the
corresponding  fiscal quarter and the corresponding portion of Parent's previous
fiscal  year,  all  in  reasonable detail and satisfactory in form to Lender and
certified  (subject  to normal year-end adjustments and footnote disclosures) as
to  fairness of presentation, GAAP and consistency by the President or the chief
financial  officer  of  Parent;

          (iii)  as  soon  as  available and in any event within forty-five (45)
days  after  the  end  of  each  fiscal quarter of each fiscal year of Borrower,
consolidated  and  consolidating balance sheets of Borrower and its Subsidiaries
as  of  the  end  of  such  fiscal  month  and  the  related  consolidated  and
consolidating  statements  of  income, retained earnings and cash flows for such
fiscal quarter and for the portion of Borrower's fiscal year ended at the end of
such fiscal quarter, setting forth in each case in comparative form, the figures
for the corresponding fiscal quarter and the corresponding portion of Borrower's
previous  fiscal  year,  all  in  reasonable  detail and satisfactory in form to
Lender  and  certified  (subject  to  normal  year-end  adjustments and footnote
disclosures)  as  to  fairness  of  presentation,  GAAP  and  consistency by the
President  or  the  chief  financial  officer  of  Borrower;

          (iv)  simultaneously  with  the  delivery  of  each  set  of financial
statements  referred  to  in  Sections  5.01(a)(i),  (ii)  and  (iii)  above,  a
certificate of the chief financial officer of Parent and Borrower (or such other
officer  of  Parent and Borrower as shall be reasonably acceptable to Lender) in

                                      -23-
<PAGE>
the  form  attached  hereto  as  Exhibit D and incorporated herein by reference,
                                 ---------
accompanied  by  supporting  financial  work  sheets  where  appropriate,  (A)
evidencing  Parent's  and  Borrower's  compliance  with  the financial covenants
contained  in  Section  5.01(o)  of  this  Agreement and the financial covenants
contained  in the Guaranty, (B) stating whether there exists on the date of such
certificate  any  Default  or  Event  of Default and, if any Default or Event of
Default  then  exists,  setting  forth  the details thereof and the action which
Parent  or  Borrower  is taking or proposes to take with respect thereto and (C)
certifying  that  all  of  the  representations  and  warranties made by Parent,
Borrower  and/or  any  other  Obligor  in  this  Agreement  and/or  in any other
Transaction  Document are true and correct in all material respects on and as of
the  date  of  such  certificate  as  if  made  on  and  as  of the date of such
certificate;

          (v)  promptly  upon  receipt  thereof, any reports (including, without
limitation, any management letters and/or reports) submitted to Parent, Borrower
or  any Subsidiary (other than reports previously delivered pursuant to Sections
5.01(a)(i),  (ii) and (iii) above) by independent accountants in connection with
any  annual,  interim  or  special  audit  made  by them of the books of Parent,
Borrower  or  any  Subsidiary;

          (vi)  within  fifteen  (15) days after the end of each fiscal month of
Borrower,  (A)  an  Accounts Trial Balance of Borrower indicating which Accounts
are  current,  up to 30, 30 to 60, 60 to 90, 90 to 120 and 120 days or more past
the  invoice  date and including, if requested by Lender, a listing of the names
and  addresses of all applicable Account Debtors and (B) upon request of Lender,
a  summary  of  accounts  payable of Borrower showing which accounts payable are
current,  up  to  30,  30  to  60,  60  to  90  and 90 days or more past due and
including,  if  requested  by  Lender,  a  listing of the names and addresses of
applicable  creditors,  all in form and detail reasonably satisfactory to Lender
and  certified  as  being true, correct and complete in all material respects by
the  President  or  the  chief  financial  officer  of  Borrower;

          (vii)  at  such  intervals as Lender may request, such information and
reports  regarding Borrower's Inventory as Lender may from time to time request,
all  in form and detail reasonably satisfactory to Lender and certified as being
true,  correct  and  complete by the President or the chief financial officer of
Borrower;

          (viii)  as  soon as available and in any event within thirty (30) days
after  the  beginning  of  each  fiscal  year  of  Parent,  consolidated  and
consolidating  balance  sheet,  income  statement  and cash flow projections for
Parent  and its Subsidiaries for such fiscal year on a month-by-month basis, all
in  form  and  detail  reasonably  acceptable  to  Lender;  and

          (ix)  as  soon  as  available and in any event within thirty (30) days
after  the  beginning  of  each  fiscal  year  of  Borrower,  consolidated  and
consolidating  balance  sheet,  income  statement  and cash flow projections for
Borrower  and  its  Subsidiaries for such fiscal year on a month-by-month basis,
all  in  form  and  detail  reasonably  acceptable  to  Lender;  and

          (x)  with  reasonable  promptness,  such further information regarding
the  business,  affairs and financial condition of Borrower or any Subsidiary as
Lender  may  from  time  to  time  reasonably  request.

     Lender is hereby authorized to deliver a copy of any financial statement or
other  information  made  available by Parent, Borrower or any Subsidiary to any
regulatory  authority  having  jurisdiction over Lender, pursuant to any request
therefor.

     (b)     Payment  of  Indebtedness.  Borrower  will,  and it will cause each
             -------------------------
Subsidiary  to,  (i)  pay  and  discharge  any  and  all Indebtedness payable or
Guaranteed  by Borrower or such Subsidiary, as the case may be, and any interest
or  premium  thereon,  when  due  (whether  by  scheduled  maturity,  required
prepayment, acceleration, demand or otherwise) in accordance with the agreement,
document  or  instrument  relating  to  such  Indebtedness or Guarantee and (ii)
faithfully  perform,  observe  and  discharge  all  covenants,  conditions  and
obligations  which are imposed upon Borrower or such Subsidiary, as the case may
be, by any and all agreements, documents, instruments and indentures evidencing,
securing  or  otherwise  relating  to  such  Indebtedness  or  Guarantee.

                                      -24-
<PAGE>
     (c)     Maintenance  of  Books  and Records; Consultations and Inspections.
             ------------------------------------------------------------------
Borrower  will, and it will cause each Subsidiary to, maintain books and records
sufficient  to permit the preparation of financial statements in accordance with
GAAP  and  in  which  true,  correct  and  complete entries shall be made of all
dealings  and transactions in relation to its business and activities.  Borrower
will,  and  it  will  cause  each  Subsidiary  to, permit Lender (and any Person
appointed  by Lender to whom Borrower does not reasonably object) to discuss the
affairs, finances and accounts of Borrower and each Subsidiary with the officers
of Borrower and each Subsidiary and their independent public accountants, all at
such  reasonable  times  and as often as Lender may from time to time reasonably
request.  Borrower  will  also permit, and will cause each Subsidiary to permit,
inspection  of  its  Properties,  books  and records by the Lender during normal
business  hours  and  at other reasonable times.  Borrower will reimburse Lender
upon  demand  for  all  reasonable  costs  and  expenses  incurred  by Lender in
connection  with  any  such  inspection conducted by Lender while any Default or
Event  of Default under this Agreement has occurred and is continuing.  Borrower
irrevocably  authorizes  Lender  to  communicate  directly  with its independent
public  accountants  and  irrevocably authorizes and directs such accountants to
disclose  to  Lender  any  and  all information with respect to the business and
financial  condition  of Borrower and each Subsidiary as Lender may from time to
time  reasonably  request  in  writing.

     (d)     Payment of Taxes.  Borrower will, and it will cause each Subsidiary
             ----------------
to,  duly file all Federal, state and local income tax returns and all other tax
returns  and  reports  of Borrower or such Subsidiary, as the case may be, which
are  required  to  be  filed  and  duly  pay  and  discharge promptly all taxes,
assessments  and  other  governmental  charges  imposed  upon  it  or any of its
Property;  provided,  however, that neither Borrower nor any Subsidiary shall be
required  to  pay  any  such  tax,  assessment  or other governmental charge the
payment of which is being contested in good faith and by appropriate proceedings
being  diligently  conducted  and for which adequate reserves in accordance with
GAAP  have  been  provided, except that Borrower or such Subsidiary, as the case
may  be,  shall  pay  or  cause  to  be  paid  all  such  taxes, assessments and
governmental charges forthwith upon the commencement of proceedings to foreclose
any  Lien  which  is  attached  as security therefor, unless such foreclosure is
stayed  by the filing of an appropriate bond in a manner reasonably satisfactory
to  Lender.

     (e)     Payment  of  Claims.  Borrower  will,  and  it  will  cause  each
             -------------------
Subsidiary  to,  promptly  pay  and  discharge (i) all trade accounts payable in
accordance  with  its usual and customary business practices as in effect on the
date  of  this  Agreement (but in no event later than thirty (30) days after the
due  date  thereof)  and  (ii)  all claims for work, labor or materials which if
unpaid  might  become  a  Lien  upon  any  of  its Property or assets; provided,
however,  that  neither Borrower nor any Subsidiary shall be required to pay any
such  account  payable  or claim the payment of which is being contested in good
faith  and  by  appropriate proceedings being diligently conducted and for which
adequate  reserves  in  accordance  with  GAAP  have  been provided, except that
Borrower  or  such Subsidiary, as the case may be, shall pay or cause to be paid
all  such  accounts  payable  and  claims  forthwith  upon  the  commencement of
proceedings to foreclose any Lien which is attached as security therefor, unless
such  foreclosure  is  stayed  by  the filing of an appropriate bond in a manner
reasonably  satisfactory  to  Lender.

     (f)     Corporate  Existence.  Borrower  will,  and  it  will  cause  each
             --------------------
Subsidiary  to,  do  all things necessary to (i) preserve and keep in full force
and  effect  at  all  times  its  corporate existence and all permits, licenses,
franchises  and other rights material to its business and (ii) be duly qualified
to  do business and be in good standing in all jurisdictions where the nature of
its business or its ownership of Property requires such qualification except for
those jurisdictions in which the failure to qualify or be in good standing could
not  reasonably  be  expected  to  have  a  Material  Adverse  Effect.

     (g)     Maintenance  of  Property.  Borrower  will,  and it will cause each
             -------------------------
Subsidiary  to,  at all times, preserve and maintain all of the Property used or
useful  in  the  conduct  of  its  business in good condition, working order and
repair,  ordinary  wear  and  tear  excepted.

                                      -25-
<PAGE>
     (h)     Compliance with Laws, Regulations, Etc.  Borrower will, and it will
             ---------------------------------------
cause  each  Subsidiary  to,  comply  with  any  and  all  laws,  ordinances and
governmental  and  regulatory  rules  and  regulations to which Borrower or such
Subsidiary,  as  the case may be, is subject (including, without limitation, all
Occupational  Safety  and Health Laws and all Environmental Laws) and obtain any
and  all  licenses,  permits,  franchises  and other governmental and regulatory
authorizations necessary to the ownership of its Properties or to the conduct of
its  business, which violation or failure to obtain could reasonably be expected
to  have  a  Material  Adverse  Effect.

     (i)     Environmental  Matters.  Borrower  shall give Lender prompt written
             ----------------------
notice  of (i) any Environmental Claim or any other action or investigation with
respect  to  the  existence  or  potential existence of any Hazardous Substances
instituted  or  threatened  with respect to Borrower or any Subsidiary or any of
the  Properties  or  facilities  owned,  leased  or  operated by Borrower or any
Subsidiary  which,  if determined adversely to Borrower or any Subsidiary, could
reasonably  be expected to have a Material Adverse Effect and (ii) any condition
or  occurrence  on any of the Properties or facilities owned, leased or operated
by Borrower or any Subsidiary which constitutes a violation of any Environmental
Laws  or  which  gives  rise  to  a  reporting obligation or requires removal or
remediation  under  any  Environmental  Laws.  Within thirty (30) days after the
giving  of  any  such  notice,  Borrower shall deliver to Lender Borrower's plan
with  respect  to  removal or remediation and Borrower agrees to take all action
which  is  reasonably  necessary  in connection with such action, investigation,
condition  or  occurrence in accordance with such plan with due diligence and to
complete  such  removal or remediation as promptly as possible and in all events
within  the time required by any Environmental Laws or any other applicable law,
rule  or  regulation.  Borrower shall promptly provide Lender with copies of all
documentation  relating  thereto,  and  such  other  information with respect to
environmental  matters  as  Lender  may  request  from  time  to  time.

     (j)     ERISA  Compliance.  If  Borrower,  any  Subsidiary  or  any  ERISA
             -----------------
Affiliate  shall  have any Pension Plan, Borrower, such Subsidiary or such ERISA
Affiliate,  as  the  case  may  be,  shall comply with all requirements of ERISA
relating  to  such  Pension  Plan.  Without  limiting  the  generality  of  the
foregoing,  Borrower will not, and it will not cause or permit any Subsidiary or
any  ERISA  Affiliate  to:

          (i)  permit any Pension Plan maintained by Borrower, any Subsidiary or
any ERISA Affiliate to engage in any nonexempt "prohibited transaction," as such
term  is  defined  in  Section  4975  of  the  Code;

          (ii)     permit  any  Pension  Plan  maintained  by  Borrower,  any
Subsidiary or any ERISA Affiliate to incur any "accumulated funding deficiency",
as  such  term  is defined in Section 302 of ERISA, 29 U.S.C.   1082, whether or
not  waived;

          (iii)     terminate any Pension Plan in a manner which could result in
the  imposition  of  a  Lien  on any Property of Borrower, any Subsidiary or any
ERISA  Affiliate  pursuant  to  Section  4068  of  ERISA,  29  U.S.C.   1368; or

          (iv)  take  any  action  which  would constitute a complete or partial
withdrawal  from  a  Multi-Employer  Plan within the meaning of Sections 4203 or
4205  of  Title  IV  of  ERISA.

     Notwithstanding  any  provision  contained  in  this Section 5.01(j) to the
contrary, an act by Borrower or any Subsidiary shall not be deemed to constitute
a  violation  of this Section 5.01(j) unless the Lender determines in good faith
that  said  action, individually or cumulatively with other acts of Borrower and
its Subsidiaries, has or could reasonably be expected to have a Material Adverse
Effect.

                                      -26-
<PAGE>
     (k)     Notices.  Borrower  will  notify  Lender  in  writing of any of the
             -------
following  within  three  (3)  Business  Days  after any officer of Borrower has
actual  knowledge  thereof,  describing  the  same and, if applicable, the steps
being  taken  by  the  Person(s)  affected  with  respect  thereto:

          (i)     the  occurrence  of any Default or Event of Default under this
Agreement;

          (ii)     the  occurrence  of  any  default  or  event  of  default  by
Borrower,  any  other  Obligor or any Subsidiary under any note, indenture, loan
agreement,  mortgage,  deed of trust, security agreement, lease or other similar
agreement,  document  or  instrument to which Borrower, any other Obligor or any
Subsidiary,  as  the case may be, is a party or by which it is bound or to which
it  is  subject;

          (iii)     the institution of any litigation, arbitration proceeding or
governmental  or  regulatory proceeding affecting Borrower, any other Obligor or
any  Subsidiary,  whether or not considered to be covered by insurance, in which
the  prayer  or  claim  for  relief  seeks  recovery  of  an amount in excess of
$100,000.00  (or,  if  no  dollar amount is specified in the prayer or claim for
relief,  in  which  there is a reasonable likelihood of recovery of an amount in
excess  of  $100,000.00)  or  any  form  of  equitable  relief;

          (iv)     the  entry  of  any  judgment or decree against Borrower, any
other  Obligor  or  any  Subsidiary;

          (v)     the  occurrence  of  a  Reportable  Event  with respect to any
Pension  Plan;  the  filing of a notice of intent to terminate a Pension Plan by
Borrower,  any ERISA Affiliate or any Subsidiary; the institution of proceedings
to terminate a Pension Plan by the PBGC or any other Person; the withdrawal in a
"complete  withdrawal" or a "partial withdrawal" as defined in Sections 4203 and
4205,  respectively, of ERISA by Borrower, any ERISA Affiliate or any Subsidiary
from  any Multi-Employer Plan; or the incurrence of any material increase in the
contingent liability of Borrower or any Subsidiary with respect to any "employee
welfare  benefit  plan" as defined in Section 3(1) of ERISA which covers retired
employees  and  their  beneficiaries;

          (vi)     the  occurrence  of  any  material  adverse  change  in  the
Properties,  assets,  liabilities,  business,  operations,  prospects, income or
condition  (financial  or  otherwise)  of  Borrower,  any  other  Obligor or any
Subsidiary;

          (vii)     any change in the name of Borrower, any other Obligor or any
Subsidiary;

          (viii)     any  proposed opening, closing or other change of any place
of  business  of  Borrower,  any  other  Obligor  or  any  Subsidiary;

          (ix)     any material change in Borrower's or any Subsidiary's line(s)
of  business;

          (x)     the  occurrence  of  any  Change  of  Control  Event;  and

          (xi)     any  notices  required  to  be  provided  pursuant  to  other
provisions  of  this Agreement and notice of the occurrence of such other events
as  Lender  may  from  time  to  time  reasonably  specify.

     (l)     Insurance.  Borrower  will,  and  it will cause each Subsidiary to,
             ---------
insure  all  of  its  Property  of the character usually insured by corporations
engaged  in  the  same or similar businesses similarly situated, against loss or
damage  of  the  kind  customarily  insured against by such corporations, unless
higher  limits  or  coverage  are  reasonably required in writing by Lender, and
carry  adequate  liability  insurance  and  other  insurance of a kind and in an
amount  generally  carried  by  corporations  engaged  in  the  same  or similar
businesses  similarly  situated, unless higher limits or coverage are reasonably
required  in  writing by Lender.  All insurance required by this Section 5.01(l)
shall  be  with insurers rated A-XI or better by A.M Best Company (or accorded a
similar  rating  by  another  nationally or internationally recognized insurance
rating  agency  of  similar  standing  if  A.M.  Best Company is not then in the
business  of  rating insurers or rating foreign insurers) or such other insurers
as may from time to time be reasonably acceptable to Lender.  All such insurance
may  be  subject  to  reasonable  deductible  amounts.  UNLESS BORROWER PROVIDES
EVIDENCE  OF  THE INSURANCE COVERAGE REQUIRED UNDER THIS AGREEMENT AND THE OTHER
TRANSACTION  DOCUMENTS,  LENDER  MAY PURCHASE INSURANCE AT BORROWER'S EXPENSE TO
PROTECT  LENDER'S INTEREST IN THE COLLATERAL.  THIS INSURANCE MAY, BUT NEED NOT,
PROTECT  BORROWER'S  INTERESTS.  THE  COVERAGE THAT LENDER PURCHASES MAY NOT PAY
ANY  CLAIM  THAT BORROWER MAY MAKE OR ANY CLAIM THAT IS MADE AGAINST BORROWER IN
CONNECTION  WITH  THE  COLLATERAL.  BORROWER  MAY  LATER  CANCEL  ANY  INSURANCE
PURCHASED  BY  LENDER,  BUT  ONLY  AFTER  PROVIDING  EVIDENCE  THAT BORROWER HAS
OBTAINED  INSURANCE  AS  REQUIRED  BY  THIS  AGREEMENT AND THE OTHER TRANSACTION
DOCUMENTS.  IF  LENDER  PURCHASES INSURANCE FOR THE COLLATERAL, BORROWER WILL BE
RESPONSIBLE  FOR  THE  COSTS OF THAT INSURANCE, INCLUDING THE INSURANCE PREMIUM,
INTEREST  AND  ANY  OTHER  CHARGES  LENDER  MAY  IMPOSE  IN  CONNECTION WITH THE
PLACEMENT  OF  INSURANCE,  UNTIL  THE  EFFECTIVE  DATE  OF  THE  CANCELLATION OR
EXPIRATION  OF  THE  INSURANCE.  THE  COSTS OF THE INSURANCE MAY BE ADDED TO THE
BORROWER'S OBLIGATIONS.  THE COSTS OF THE INSURANCE MAY BE MORE THAN THE COST OF
INSURANCE  BORROWER  MAY  BE  ABLE  TO  OBTAIN  ON  ITS  OWN.

                                      -27-
<PAGE>
     (m)     Further  Assurances.  Borrower  will execute and deliver to Lender,
             -------------------
at any time and from time to time, any and all further agreements, documents and
instruments,  and  take  any and all further actions which may be required under
applicable  law,  or  which  Lender may from time to time reasonably request, in
order  to  effectuate  the  transactions  contemplated by this Agreement and the
other  Transaction  Documents.

     (n)     Accountant.  Borrower  will give Lender prompt notice of any change
             ----------
of  Borrower's  independent  certified public accountants and a statement of the
reasons  for  such  change.  Borrower  shall  at  all  times utilize independent
certified  public  accountants  reasonably  acceptable  to  Lender.

     (o)     Financial  Covenants.
             --------------------

          (i)     Maximum  Consolidated  Debt  to  Consolidated  EBITDAR  Ratio.
                  -------------------------------------------------------------
Borrower  will have a Consolidated Debt to Consolidated EBITDAR Ratio of (A) not
more than 5.0 to 1.0 as of December 31, 2000 with respect to the fiscal year (or
short  period)  of  Borrower  ending December 31, 2000 and (B) not more than the
ratio  set  forth  below  as  of  the  last  day of the fiscal quarter period of
Borrower  ending  on  the  applicable  date  set  forth  below:

     Date                                          Ratio
     ----                                          -----
     March  31,  2001                           4.0  to  1.0
     June  30,  2001                            4.0  to  1.0
     September  30,  2001                       4.0  to  1.0
     December  31,  2001                        4.0  to  1.0
     March  31,  2002                           3.0  to  1.0
     June  30,  2002                            3.0  to  1.0
     September  30,  2002                       3.0  to  1.0
     December  30,  2002                        3.0  to  1.0
     Each  March  31,  June  30,
     September  30  and  December  31
     thereafter                                 2.5  to  1.0

          (ii)     Minimum  Consolidated Fixed Charges Coverage Ratio.  Borrower
                   --------------------------------------------------
will  have  a  Consolidated Fixed Charges Coverage Ratio of (A) at least 1.25 to
1.0  for  the fiscal year (or short period) of Borrower ending December 31, 2000
and (B) at least 1.25 for each period of four (4) consecutive fiscal quarters of
Borrower  commencing  with the four (4) consecutive fiscal quarter period ending
March  31,  2001.

     5.02     Negative  Covenants  of  Borrower.  Borrower  covenants and agrees
              ---------------------------------
that,  so  long  as Lender has any obligation to make any Revolving Credit under
this  Agreement,  any  Letter  of  Credit  remains  outstanding  or  any  of the
Borrower's Obligations remain unpaid, unless the prior written consent of Lender
is  obtained:

                                      -28-
<PAGE>
     (a)     Limitation  on  Indebtedness.  Borrower  will  not, and it will not
             ----------------------------
cause  or  permit  any Subsidiary to, incur or be obligated on any Indebtedness,
either  directly  or  indirectly,  by way of Guarantee, suretyship or otherwise,
other  than:

          (i)     the  Borrower's  Obligations;

          (ii)     unsecured  trade  accounts  payable and other normal accruals
incurred  in the ordinary course of business which are not more than thirty (30)
days past due (provided, however, that neither Borrower nor any Subsidiary shall
be  required  to  pay  any  such account payable or other accrual the payment of
which  is  being  contested  in  good faith and by appropriate proceedings being
diligently  conducted  and  for  which adequate reserves in accordance with GAAP
have been provided, except that Borrower or such Subsidiary, as the case may be,
shall  pay  or cause to be paid all such accounts payable and accruals forthwith
upon  the commencement of proceedings to foreclose any Lien which is attached as
security  therefor,  unless  such  foreclosure  is  stayed  by  the filing of an
appropriate  bond  in  a  manner  reasonably  satisfactory  to  Lender);

          (iii)     Indebtedness  existing  as of the date of this Agreement and
listed on Schedule 4.10 attached hereto (without giving effect to any amendments
          -------------
to  Schedule  4.10  after  the  date  of  this  Agreement);

          (iv)     Subordinated  Indebtedness;

          (v)     purchase  money  Indebtedness  incurred solely with respect to
and  in the amount of a Permitted Lien under subsection (g) of the definition of
"Permitted  Lien";  and

          (vi)     other  Indebtedness  not  otherwise permitted by this Section
5.02(a)  in  an amount not to exceed $25,000.00 in the aggregate at any one time
outstanding  for  Borrower  and  all  of  its  Subsidiaries on a combined basis.

     (b)     Limitation  on  Liens.  Borrower  will  not,  and will not cause or
             ---------------------
permit  any  Subsidiary to, create, incur or assume, or suffer to be incurred or
to  exist, any Lien on any of its or their Property or assets, whether now owned
or  hereafter  acquired,  or  upon  any  income or profits therefrom, except for
Permitted  Liens.

     (c)     Consolidation,  Merger,  Sale  of  Assets,  Etc.
             ------------------------------------------------

          (i)  Borrower will not, and it will not cause or permit any Subsidiary
to, directly or indirectly merge or consolidate with or into any other Person or
permit  any  other  Person  to  merge  into  or  with  or  consolidate  with it.

          (ii)  Borrower  will  not, and will not cause or permit any Subsidiary
to,  (A)  sell,  assign, lease, transfer, abandon or otherwise dispose of any of
its  Property  (including,  without limitation, any shares of capital stock of a
Subsidiary  owned  by  Borrower  or  another  Subsidiary)  or (B) issue, sell or
otherwise  dispose  of any shares of capital stock of any Subsidiary, except for
(1)  sales  of  Inventory  in  the  ordinary  course of business (which does not
include  a  transfer  of  Inventory  in  partial  or  total  satisfaction of any
Indebtedness),  (2)  sales  of  fixed  assets  which  are  obsolete, worn-out or
otherwise not used or useable in the ordinary course of its business, so long as
the net proceeds thereof are used solely to purchase replacement fixed assets or
assets of comparable quality or to pay or prepay (y) in the case of assets sales
by  Borrower,  Debt secured by Permitted Liens encumbering the assets being sold
or  the  Borrower's  Obligations  and  (z)  in  the  case  of  asset  sales by a
Subsidiary,  Debt  of  such Subsidiary and (3) other sales of fixed assets which
are  not  used or useable in the ordinary course of its business, so long as the
gross  sale  proceeds  from  all  such  asset  sales  by Borrower and all of its
Subsidiaries on a combined basis does not exceed $100,000.00 in the aggregate in
any  fiscal  year.

                                      -29-
<PAGE>
     (d)  Sale  and  Leaseback Transactions.  Borrower will not, and it will not
          ---------------------------------
cause  or  permit  any  Subsidiary  to,  enter into any arrangement, directly or
indirectly,  whereby  Borrower  or  such Subsidiary shall in one or more related
transactions  sell,  transfer  or  otherwise  dispose  of  any Property owned by
Borrower  or  such  Subsidiary  to any Person and then rent or lease, as lessee,
such Property or any part thereof for a period or periods which in the aggregate
would exceed twelve (12) months from the date of commencement of the lease term.

     (e)     Sale  or  Discount  of Accounts. Borrower will not, and it will not
             -------------------------------
cause  or  permit any Subsidiary to, sell or discount (other than prompt payment
discounts  granted  in  the  ordinary  course  of  business) any of its notes or
accounts  receivable  or  chattel  paper.

     (f)     Transactions  with  Affiliates.  Borrower will not, and it will not
             ------------------------------
cause  or  permit any Subsidiary to, enter into or be a party to any transaction
or  arrangement  with any Affiliate (including, without limitation, the purchase
from,  sale  to or exchange of Property with, or the rendering of any service by
or  for,  any Affiliate), except in the ordinary course of business and pursuant
to  the  reasonable requirements of Borrower's or such Subsidiary's business and
upon  fair and reasonable terms no less favorable to Borrower or such Subsidiary
than  would  be  obtained in a comparable arm's-length transaction with a Person
not  an  Affiliate.

     (g)     Changes  in Nature of Business.  Borrower will not, and it will not
             ------------------------------
cause  or  permit any Subsidiary to, engage in any business if, as a result, the
general  nature  of  the business which would then be engaged in by Borrower and
its Subsidiaries, considered as a whole, would be substantially changed from the
general nature of the business engaged in by Borrower and its Subsidiaries as of
the  date  of  this  Agreement,  which  is the business of emergency air medical
transportation  services.

     (h)     Fiscal  Year.  Borrower  will  not, and it will not cause or permit
             ------------
any  Subsidiary  to,  change  its  fiscal  year.

     (i)     Stock  Redemptions  and  Distributions.  Borrower  will not, and it
             --------------------------------------
will  not  cause  or permit any Subsidiary to, declare or incur any liability to
make any Distribution in respect of the capital stock of Borrower or the capital
stock  of such Subsidiary, as the case may be, except that (i) each wholly-owned
Subsidiary  shall  be  permitted  to  declare  and  pay  cash dividends on their
respective  capital  stock  and  (ii)  so long as no Default or Event of Default
under  this  Agreement  has occurred and is continuing or is created by or would
result  from  the  payment  of such dividends, during each fiscal year, Borrower
shall  be permitted to declare and pay cash dividends on its capital stock in an
aggregate  amount  not  to  exceed  Borrower's  after-tax  net  income  for  the
immediately  preceding  fiscal  year  of  Borrower.

     (j)     Pension  Plans.  Borrower will not, and it will not cause or permit
             --------------
any  Subsidiary  to,  (a)  permit  any condition to exist in connection with any
Pension  Plan  which  might  constitute  grounds  for  the  PBGC  to  institute
proceedings  to  have  such  Pension  Plan  terminated or a trustee appointed to
administer  such Pension Plan or (b) engage in, or permit to exist or occur, any
other  condition,  event  or  transaction with respect to any Pension Plan which
could  result  in  the  incurrence  by  Borrower,  any  Subsidiary  or any ERISA
Affiliate  of  any  material  liability,  fine  or  penalty.

     (k)     Subordinated  Indebtedness.  Borrower  will not make any payment of
             --------------------------
principal,  interest  or  other  amount  on  or  with  respect  to  any  of  its
Subordinated  Indebtedness  to  the  extent  prohibited  by  the  subordination
provisions  governing  the  same.

     (l)     Restricted  Investments;  Acquisitions.  Borrower  will not, and it
             --------------------------------------
will  not  cause  or  permit any Subsidiary to, directly or indirectly, make any
Restricted  Investments.  Borrower will not, and it will not cause or permit any
Subsidiary  to,  directly  or  indirectly,  make  any  Acquisitions.

     (m)     Subsidiaries.  Borrower  will  not, and it will not cause or permit
             ------------
any  Subsidiary  to, create, form or acquire any Subsidiary.  If Borrower or any
Subsidiary  creates,  forms  or  acquires any Subsidiary on or after the date of
this  Agreement,  Borrower  or  such  Subsidiary,  as  the  case  may  be, will,
contemporaneously  with  the  creation,  formation  or  acquisition  of  such
Subsidiary, (i) grant Lender a first priority perfected security interest in and
lien  on  all  of  the  issued  and  outstanding shares of capital stock of such
Subsidiary  and  (ii)  cause  such  Subsidiary  to  (A) guaranty the payment and
performance  of  all  of the Borrower's Obligations and (B) secure said guaranty
with  a  first  priority  perfected  security interest in and lien on all of the
accounts, inventory, documents, instruments, chattel paper, general intangibles,
goods,  machinery, equipment, investment property, other tangible and intangible
personal  property  and  books  and  records of such Subsidiary and the proceeds
thereof,  all  pursuant  to  documentation  (including,  without  limitation, an
amendment  to  this  Agreement  if  requested  by  Lender) in form and substance
reasonably  satisfactory  to  Lender.

                                      -30-
<PAGE>
     (n)     Limitations  on  Restrictive  Agreements. Borrower will not, and it
             ----------------------------------------
will  not cause or permit any Subsidiary to, enter into, or permit to exist, any
agreement  with  any Person which prohibits or limits the ability of Borrower or
such  Subsidiary,  as  the  case  may  be,  to  (i)  pay dividends or make other
distributions or prepay any Indebtedness owed to Borrower and/or any Subsidiary,
(ii)  make  loans  or advances to Borrower and/or any Subsidiary, (iii) transfer
any of its Properties to Borrower and/or any Subsidiary (other than with respect
to  Property  subject to Liens permitted by clauses (g) or (h) of the definition
of  Permitted  Liens)  or (iv) create, incur, assume or suffer to exist any Lien
upon  any  of  its Property or revenues, whether now owned or hereafter acquired
(other  than  with respect to Property subject to Liens permitted by clauses (g)
or  (h) of the definition of Permitted Liens); provided that the foregoing shall
not  apply  to restrictions in effect on the date of this Agreement contained in
agreements  governing  Debt outstanding on the date of this Agreement and listed
on  Schedule  5.02(q)  attached hereto and, if such Debt is renewed, extended or
    -----------------
refinanced,  restrictions  in  the agreements governing the renewed, extended or
refinanced  Debt  (and successive renewals, extensions and refinancings thereof)
if  such restrictions are no more restrictive in any material respect than those
contained  in  the  agreements  governing  the  Debt  being renewed, extended or
refinanced.

     5.03     Use  of  Proceeds.  Borrower  covenants  and  agrees  that (a) the
              -----------------
proceeds  of  the  Loans will be used solely for the working capital and general
corporate  purposes of Borrower, (b) no part of the proceeds of any Loan will be
used  in  violation of any applicable law, rule or regulation and (c) no part of
the  proceeds  of  any  Loan  will  be used, whether directly or indirectly, and
whether  immediately, incidentally or ultimately (i) to purchase or carry margin
stock  or  to  extend credit to others for the purpose of purchasing or carrying
margin  stock,  or  to refund or repay indebtedness originally incurred for such
purpose  or  (ii)  for  any  purpose  which  entails a violation of, or which is
inconsistent  with,  the  provisions  of  any of the Regulations of The Board of
Governors  of  the  Federal  Reserve  System,  including,  without  limitation,
Regulations  U,  T  or  X  thereof,  as  amended.

SECTION6.  EVENTS  OF  DEFAULT.
------------------------------

     If  any of the following (each of the following  herein sometimes called an
"Event  of  Default")  shall  occur  and  be  continuing:

     6.01     Borrower  shall  fail  to  pay  any  of the Borrower's Obligations
constituting  principal  as  and  when  the  same  shall become due and payable,
whether  by  reason  of  demand,  maturity,  acceleration  or  otherwise;

     6.02     Borrower  shall  fail  to  pay  any  of the Borrower's Obligations
constituting  interest, fees or other amounts (other than principal) within five
(5)  Business  Days  after the date the same shall first become due and payable,
whether  by  reason  of  demand,  maturity,  acceleration  or  otherwise;  or

     6.03     Any representation or warranty of Borrower made in this Agreement,
in  any  other  Transaction  Document  to  which  Borrower  is a party or in any
certificate,  agreement,  instrument or statement furnished or made or delivered
pursuant  hereto  or thereto or in connection herewith or therewith, shall prove
to  have been untrue or incorrect in any material respect when made or effected;

     6.04     Borrower  shall  fail  to perform or observe any term, covenant or
provision  contained  in  Section  2.01(d),  Section  5.01(c),  Section 5.01(f),
Section 5.01(k), Section 5.01(l), Section 5.01(m), Section 5.01(o), Section 5.02
or  Section  5.03;

                                      -31-
<PAGE>
     6.05     Borrower shall fail to perform or observe any other term, covenant
or provision contained in this Agreement (other than those specified in Sections
6.01,  6.02  or  6.03  above)  and  any such failure shall remain unremedied for
fifteen (15) days after the earlier of (a) written notice of default is given to
Borrower  by  Lender  or (b) any officer of Borrower obtaining knowledge of such
default;

     6.06     This  Agreement or any of the other Transaction Documents shall at
any  time  for  any reason (other than the termination of this Agreement or such
other  Transaction  Document,  as the case may be, in accordance with its terms)
cease to be in full force and effect or shall be declared to be null and void by
a  court of competent jurisdiction, or if the validity or enforceability thereof
shall  be  contested  or  denied by Borrower and/or any other Obligor, or if the
transactions  completed  hereunder  or thereunder shall be contested by Borrower
and/or any other Obligor or if Borrower and/or any other Obligor shall deny that
it  has  any  further  liability  or  obligation  hereunder  or  thereunder;

     6.07     Borrower,  any  other  Obligor  or  any  Subsidiary  shall  (a)
voluntarily  commence  any  proceeding or file any petition seeking relief under
Title  11  of  the  United  States  Code  or any other Federal, state or foreign
bankruptcy, insolvency, receivership, liquidation or similar law, (b) consent to
the  institution  of,  or fail to contravene in a timely and appropriate manner,
any such proceeding or the filing of any such petition, (c) apply for or consent
to  the  appointment  of a receiver, trustee, custodian, sequestrator or similar
official  of itself or of a substantial part of its Property or assets, (d) file
an  answer admitting the material allegations of a petition filed against itself
in  any  such  proceeding,  (e)  make  a  general  assignment for the benefit of
creditors,  (f)  become unable, admit in writing its inability or fail generally
to  pay  its  debts as they become due or (g) take any corporate or other action
for  the  purpose  of  effecting  any  of  the  foregoing;

     6.08     An  involuntary  proceeding  shall  be commenced or an involuntary
petition  shall be filed in a court of competent jurisdiction seeking (a) relief
in respect of Borrower, any other Obligor or any Subsidiary, or of a substantial
part of the Property or assets of Borrower, any other Obligor or any Subsidiary,
under  Title 11 of the United States Code or any other Federal, state or foreign
bankruptcy,  insolvency,  receivership,  liquidation  or  similar  law,  (b) the
appointment  of a receiver, trustee, custodian, sequestrator or similar official
of Borrower, any other Obligor or any Subsidiary or of a substantial part of the
Property  or  assets of Borrower, any other Obligor or any Subsidiary or (c) the
winding-up  or liquidation of Borrower, any other Obligor or any Subsidiary; and
such  proceeding  or  petition  shall  continue  undismissed  for  thirty  (30)
consecutive  days  or  an  order  or  decree  approving  or  ordering any of the
foregoing  shall  continue  unstayed  and  in effect for thirty (30) consecutive
days;

     6.09     Any  "Event  of Default" (as defined therein) shall occur under or
within  the  meaning  of  the  Security  Agreement;

     6.10     Any  "Event  of Default" (as defined therein) shall occur under or
within  the  meaning  of  the  Missouri  Deed  of  Trust;

     6.11     Any  "Event  of Default" (as defined therein) shall occur under or
within  the  meaning  of  the  Assignment  of  Leases  and  Rents;

     6.12     Any  "Event  of Default" (as defined therein) shall occur under or
within  the  meaning  of  the  Illinois  Mortgage;

     6.13     Any  default  or  event of default shall occur under or within the
meaning  of  the  Guaranty;

     6.14     The  Guaranty shall at any time for any reason cease to be in full
force  and  effect  or  shall  be  declared  to  be  null and void by a court of
competent  jurisdiction,  or  if the validity or enforceability thereof shall be
contested  or denied by any of the Guarantors, or if any of the Guarantors shall
deny that it, he or she has any further liability or obligation thereunder or if
any  of  the  Guarantors  shall fail to comply with or observe any of the terms,
provisions  or  conditions  contained  in  the  Guaranty;

                                      -32-
<PAGE>
     6.15     Borrower, any other Obligor or any Subsidiary shall be declared by
Lender  to  be in default on, or pursuant to the terms of, (a) any other present
or  future  obligation  to, or agreement with or in favor of, Lender, including,
without  limitation,  any other loan, line of credit, revolving credit, guaranty
or letter of credit reimbursement obligation, or (b) any other present or future
agreement  purporting  to convey to Lender a Lien upon any Property of Borrower,
such  other  Obligor  or  such  Subsidiary,  as  the  case  may  be;

     6.16     The  occurrence of any default or event of default under or within
the  meaning  of  any  agreement,  document  or instrument evidencing, securing,
guaranteeing  the  payment of or otherwise relating to any Debt of Borrower, any
other  Obligor  or any Subsidiary (other than the Borrower's Obligations) having
an  aggregate outstanding principal balance in excess of $25,000.00 which is not
cured  or waived in writing within any applicable cure or grace period (if any);

     6.17     Borrower,  any  other  Obligor  or  any  Subsidiary  shall  have a
judgment  entered  against it by a court having jurisdiction in the premises and
such  judgment  shall  not  be  appealed  in  good  faith (and execution of such
judgment stayed during such appeal) or satisfied by Borrower, such other Obligor
or  such Subsidiary, as the case may be, within thirty (30) days after the entry
of  such  judgment;

     6.18     The  occurrence  of a Reportable Event with respect to any Pension
Plan;  the filing of a notice of intent to terminate a Pension Plan by Borrower,
any  ERISA  Affiliate  or  any  Subsidiary;  the  institution  of proceedings to
terminate  a  Pension  Plan by the PBGC or any other Person; the withdrawal in a
"complete  withdrawal" or a "partial withdrawal" as defined in Sections 4203 and
4205,  respectively, of ERISA by Borrower, any ERISA Affiliate or any Subsidiary
from  any Multi-Employer Plan; or the incurrence of any material increase in the
contingent liability of Borrower or any Subsidiary with respect to any "employee
welfare  benefit  plan" as defined in Section 3(1) of ERISA which covers retired
employees  and  their  beneficiaries;

     6.19     The institution by Borrower, any ERISA Affiliate or any Subsidiary
of  steps  to  terminate  any  Pension  Plan  if,  in  order  to effectuate such
termination,  Borrower, such ERISA Affiliate or such Subsidiary, as the case may
be,  would  be  required  to  make a contribution to such Pension Plan, or would
incur  a  liability or obligation to such Pension Plan, in excess of $25,000.00;
or  the  institution  by  the  PBGC  of  steps to terminate any Pension Plan; or

     6.20     The  occurrence  of  any  Change  of  Control  Event;

     THEN,  and  in  each  such event (other than an event described in Sections
6.07  or  6.08), Lender may declare that its obligation to make Loans under this
Agreement  has  terminated,  whereupon  such  obligation  of  Lender  shall  be
immediately  and forthwith terminated, and Lender may further declare the entire
outstanding  principal  balance  of  and  all accrued and unpaid interest on the
Notes  and  all  of  the  other  Borrower's  Obligations to be forthwith due and
payable,  whereupon  all  of the unpaid principal balance of and all accrued and
unpaid  interest on the Notes and all of such other Borrower's Obligations shall
become  and be immediately due and payable, without presentment, demand, protest
or  further  notice  of  any  kind,  all of which are hereby expressly waived by
Borrower, and Lender may exercise any and all other rights and remedies which it
may  have  under any of the other Transaction Documents or under applicable law;
provided,  however,  that upon the occurrence of any event described in Sections
6.07  or  6.08,  Lender's  obligation  to  make Loans under this Agreement shall
automatically  terminate and the entire outstanding principal balance of and all
accrued  and  unpaid  interest  on  the  Notes  and  all of the other Borrower's
Obligations  shall  automatically  become  immediately  due and payable, without
presentment,  demand,  protest  or  further notice of any kind, all of which are
hereby  expressly  waived by Borrower, and Lender may exercise any and all other
rights  and  remedies  which  it  may  have  under  any of the other Transaction
Documents  or  under  applicable  law.  If any Default or Event of Default under
this  Agreement  has  occurred and is continuing, in addition to all of Lender's
other  rights  and  remedies  under  this  Agreement  and  the other Transaction
Documents  and at law or in equity, Lender shall have the right, in its sole and
absolute  discretion,  to (a) reduce the amount of the Lender's Revolving Credit
Commitment,  (b)  create  reserves and/or allowances against Unused Availability
and/or  Eligible  Accounts  and/or (c) reduce the advance rates against Eligible
Accounts  set  forth  in  the  definition  of  the  Borrowing  Base.

                                      -33-
<PAGE>
SECTION7.  GENERAL.
------------------

     7.01     No Waiver.  No failure or delay by Lender in exercising any right,
              ---------
remedy,  power  or privilege under this Agreement or under any other Transaction
Document  shall  operate  as  a  waiver thereof; nor shall any single or partial
exercise  thereof preclude any other or further exercise thereof or the exercise
of  any  other  right,  remedy,  power  or  privilege.  The  rights and remedies
provided in this Agreement and in the other Transaction Documents are cumulative
and  not exclusive of any rights or remedies provided by law.  Nothing contained
in  this  Agreement  shall in any way affect the right of Lender to exercise any
statutory  or  common  law  right  of  banker's  lien  or  set-off.

     7.02     Right  of Set-Off.  Upon the occurrence and during the continuance
              -----------------
of  any  Event of Default, Lender is hereby authorized at any time and from time
to  time,  without notice to Borrower (any such notice being expressly waived by
Borrower)  and  to the fullest extent permitted by law, to set-off and apply any
and  all  deposits (general or special, time or demand, provisional or final) at
any  time held by Lender and any and all other indebtedness at any time owing by
Lender  to  or  for the credit or account of Borrower against any and all of the
Borrower's Obligations irrespective of whether or not Lender shall have made any
demand  hereunder  or  under any of the other Transaction Documents and although
such  obligations  may  be  contingent  or unmatured.  Lender agrees to promptly
notify Borrower after any such set-off and application made by Lender, provided,
however,  that  the failure to give such notice shall not affect the validity of
such  set-off and application.  The rights of Lender under this Section 7.02 are
in  addition  to  any  other rights and remedies (including, without limitation,
other  rights  of  set-off)  which  Lender  may have.  Nothing contained in this
Agreement  or any other Transaction Document shall impair the right of Lender to
exercise  any  right of set-off or counterclaim it may have against Borrower and
to  apply  the amount subject to such exercise to the payment of indebtedness of
Borrower  unrelated  to  this  Agreement  or  the  other  Transaction Documents.

     7.03     Cost  and  Expenses.  Borrower  agrees, whether or not any Loan is
              -------------------
made  under  this Agreement, to pay Lender upon demand for (a) all out-of-pocket
costs and expenses and all Attorneys' Fees incurred by Lender in connection with
the  preparation, documentation, negotiation, execution and/or administration of
this Agreement, the Notes and/or any of the other Transaction Documents, (b) all
recording,  filing and search fees and expenses incurred by Lender in connection
with  this  Agreement and the other Transaction Documents, (c) all out-of-pocket
costs and expenses and all Attorneys' Fees incurred by Lender in connection with
the  (i)  the  preparation,  documentation,  negotiation  and  execution  of any
amendment,  modification,  extension,  renewal or restatement of this Agreement,
the Notes and/or any of the other Transaction Documents, (ii) the preparation of
any  waiver  or  consent under this Agreement and/or under any other Transaction
Document or (iii) any Default or Event of Default or alleged Default or Event of
Default  hereunder,  (d)  if an Event of Default occurs, all out-of-pocket costs
and  expenses and all Attorneys' Fees incurred by Lender in connection with such
Event  of  Default  and  collection  and other enforcement proceedings resulting
therefrom  and  (e)  all other Attorneys' Fees incurred by Lender relating to or
arising out of or in connection with this Agreement and/or any other Transaction
Document.  Borrower  further  agrees to pay or reimburse Lender for any stamp or
other  taxes  which  may  be  payable  with  respect to the execution, delivery,
recording  and/or  filing  of  this  Agreement,  the  Notes  or any of the other
Transaction  Documents.  All  of  the obligations of Borrower under this Section
7.03  shall  survive  the satisfaction and payment of the Borrower's Obligations
and  the  termination  of  this  Agreement.

     7.04     Environmental  Indemnity.  Borrower  hereby  agrees  to defend and
              ------------------------
indemnify  Lender  and hold Lender harmless from and against any and all losses,
liabilities, damages, injuries, claims, costs and expenses of any and every kind
whatsoever (including, without limitation, court costs and reasonable attorneys'
fees  and expenses) which at any time or from time to time may be paid, incurred
or  suffered by, or asserted against, Lender for, with respect to or as a direct
or  indirect  result  of  the  violation  by  Borrower  or any Subsidiary of any
Environmental Laws; or with respect to, or as a direct or indirect result of the
presence  on or under, or the Release from, properties owned, leased or operated
by  Borrower and/or any Subsidiary in the conduct of their respective businesses
into  or  upon  any  land,  the  atmosphere or any watercourse, body of water or
wetland,  of  any  Hazardous  Substances  or any other hazardous or toxic waste,
substance  or constituent or other substance (including, without limitation, any
losses,  liabilities,  damages,  injuries, costs, expenses or claims asserted or
arising  under  the  Environmental Laws); and the provisions of and undertakings
and  indemnification set out in this Section 7.04 shall survive the satisfaction
and payment of the Borrower's Obligations and the termination of this Agreement.

                                      -34-
<PAGE>
     7.05     General  Indemnity.  In  addition  to  the  payment  of  expenses
              ------------------
pursuant  to  Section  7.03, whether or not the transactions contemplated hereby
shall  be consummated, Borrower hereby agrees to defend, indemnify, pay and hold
Lender  and  any holder(s) of the Notes, and the officers, directors, employees,
agents  and  affiliates  of  Lender  and  such  holder(s)  (collectively,  the
"Indemnitees")  harmless  from  and  against  any  and  all  other  liabilities,
obligations,  losses,  damages,  penalties,  actions,  judgments, suits, claims,
costs,  expenses  and disbursements of any kind or nature whatsoever (including,
without  limitation,  the  reasonable fees and disbursements of counsel for such
Indemnitees  in  connection  with  any investigative, administrative or judicial
proceeding  commenced  or  threatened,  whether or not such Indemnitees shall be
designated  a  party  thereto),  that may be imposed on, incurred by or asserted
against  the  Indemnitees,  in  any  manner  relating  to or arising out of this
Agreement,  any  of  the  other  Transaction  Documents  or any other agreement,
document  or  instrument executed and delivered by Borrower or any other Obligor
in  connection herewith or therewith, the statements contained in any commitment
letters  delivered  by  Lender,  Lender's agreement to make the Loans under this
Agreement  or  the  use  or  intended use of the proceeds of any Loan under this
Agreement  (collectively, the "indemnified liabilities"); provided that Borrower
                                                          --------
shall  have no obligation to an Indemnitee hereunder with respect to indemnified
liabilities  arising  from  the  gross  negligence or willful misconduct of that
Indemnitee  as  determined  by  a  court  of  competent  jurisdiction in a final
nonappealable  order.  To  the extent that the undertaking to indemnify, pay and
hold  harmless  set forth in the preceding sentence may be unenforceable because
it  is  violative  of  any  law  or public policy, Borrower shall contribute the
maximum  portion that it is permitted to pay and satisfy under applicable law to
the  payment  and  satisfaction  of  all indemnified liabilities incurred by the
Indemnitees  or  any  of  them.  The  provisions  of  the  undertakings  and
indemnification  set  out  in  this  Section 7.05 shall survive satisfaction and
payment  of  the  Borrower's  Obligations and the termination of this Agreement.

     7.06     Authority  to Act.  Lender shall be entitled to act on any notices
              -----------------
and  instructions  (telephonic  or  written) believed by Lender in good faith to
have  been  sent  or  delivered  by  any  person  authorized to act on behalf of
Borrower  pursuant  hereto, regardless of whether such notice or instruction was
in  fact  delivered  by  a  person  authorized to act on behalf of Borrower, and
Borrower  hereby  agrees to defend and indemnify Lender and hold Lender harmless
from  and against any and all losses and expenses, if any, ensuing from any such
action.

     7.07     Notices.  Any  notice,  request,  demand, consent, confirmation or
              -------
other  communication  under  this Agreement shall be in writing and delivered in
person  or  sent  by  telecopy  or  registered or certified mail, return receipt
requested  and  postage  prepaid,  to  the  applicable  party  at its address or
telecopy number set forth on the signature page(s) of this Agreement, or at such
other  address  or  telecopy  number  as  any  party hereto may designate as its
address  for  communications  under  this  Agreement  by  notice so given.  Such
notices  shall  be  deemed  effective  on  the day on which delivered or sent if
delivered  in  person  or  sent  by telecopy, or on the third (3rd) Business Day
after  the  day  on  which  mailed,  if  sent  by  registered or certified mail.

     7.08     Consent  to  Jurisdiction;  Waiver of Jury Trial.  BORROWER HEREBY
              ------------------------------------------------
IRREVOCABLY  (A) SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY MISSOURI STATE
COURT  SITTING IN THE CITY OR COUNTY OF ST. LOUIS, MISSOURI OR ANY UNITED STATES
OF  AMERICA  COURT  SITTING  IN  THE EASTERN DISTRICT OF MISSOURI, AS LENDER MAY
ELECT,  IN  ANY  SUIT,  ACTION  OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT  OR  ANY  OTHER  TRANSACTION  DOCUMENT,  (B) AGREES THAT ALL CLAIMS IN
RESPECT  TO SUCH SUIT, ACTION OR PROCEEDING MAY BE HELD AND DETERMINED IN ANY OF
SUCH  COURTS,  (C) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION
WHICH  BORROWER  MAY  NOW  OR  HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH
SUIT,  ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT, (D) WAIVES ANY CLAIM THAT
SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN
INCONVENIENT  FORUM  AND  (E)  WAIVES ALL RIGHTS OF ANY OTHER JURISDICTION WHICH
BORROWER  MAY  NOW  OR  HEREAFTER  HAVE  BY  REASON OF ITS PRESENT OR SUBSEQUENT
DOMICILES.  BORROWER  AUTHORIZES  THE  SERVICE  OF  PROCESS  UPON  BORROWER  BY
REGISTERED  MAIL  SENT  TO  BORROWER  AT ITS ADDRESS REFERENCED IN SECTION 7.07.
BORROWER  AND  LENDER  HEREBY  IRREVOCABLY WAIVE THE RIGHT TO TRIAL BY JURY WITH
RESPECT  TO  ANY  ACTION IN WHICH BORROWER AND LENDER ARE PARTIES RELATING TO OR
ARISING  OUT  OF  OR  IN  CONNECTION  WITH  THIS  AGREEMENT  OR ANY OF THE OTHER
TRANSACTION  DOCUMENTS.

                                      -35-
<PAGE>
     7.09     Governing  Law.  This Agreement shall be governed by and construed
              --------------
in  accordance  with  the  substantive  laws  of  the State of Missouri (without
reference  to  conflict  of  law  principles).

     7.10     Amendments  and  Waivers.  Any  provision of this Agreement may be
              ------------------------
amended or waived if, but only if, such amendment or waiver is in writing and is
signed  by  Borrower  and  Lender.

     7.11     References;  Headings for Convenience.  Unless otherwise specified
              -------------------------------------
herein,  all  references  herein  to Section numbers refer to Section numbers of
this Agreement, all references herein to Exhibits "A", "B", "C" and "D" refer to
                                         --------
annexed  Exhibits  "A", "B", "C" and "D" which are hereby incorporated herein by
         --------
reference  and  all references herein to Schedules 2.02, 4.05, 4.08, 4.10, 4.12,
                                         ---------
4.16,  4.17  and  4.18  refer to annexed Schedules 2.02, 4.05, 4.08, 4.10, 4.12,
                                         ---------
4.16,  4.17  and  4.18  which  are hereby incorporated herein by reference.  The
Section headings are furnished for the convenience of the parties and are not to
be  considered  in  the  construction  or  interpretation  of  this  Agreement.

     7.12     Successors and Assigns.  The provisions of this Agreement shall be
              ----------------------
binding  upon  and  inure  to  the  benefit  of  Borrower  and  Lender and their
respective  successors  and  assigns,  except  that  Borrower  may not assign or
otherwise  transfer  any  of its rights or delegate any of its obligations under
this  Agreement.

     7.13     NO  ORAL  AGREEMENTS;  ENTIRE  AGREEMENT.  ORAL  AGREEMENTS  OR
              ----------------------------------------
COMMITMENTS  TO LOAN MONEY, EXTEND CREDIT OR TO FORBEAR FROM ENFORCING REPAYMENT
OF A DEBT, INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT, ARE NOT ENFORCEABLE.
TO  PROTECT  BORROWER  AND  LENDER  FROM MISUNDERSTANDING OR DISAPPOINTMENT, ANY
AGREEMENTS REACHED BY BORROWER AND LENDER COVERING SUCH MATTERS ARE CONTAINED IN
THIS  AGREEMENT  AND  THE OTHER TRANSACTION DOCUMENTS, WHICH AGREEMENT AND OTHER
TRANSACTION  DOCUMENTS  ARE A COMPLETE AND EXCLUSIVE STATEMENT OF THE AGREEMENTS
BETWEEN  BORROWER  AND  LENDER, EXCEPT AS BORROWER AND LENDER MAY LATER AGREE IN
WRITING  TO  MODIFY  THEM.  This  Agreement  embodies  the  entire agreement and
understanding between the parties hereto and supersedes all prior agreements and
understandings  (oral  or  written)  relating  to  the  subject  matter  hereof.

     7.14     Severability.  In  the  event  any  one  or more of the provisions
              ------------
contained  in  this Agreement should be invalid, illegal or unenforceable in any
respect,  the  validity, legality and enforceability of the remaining provisions
contained  herein  shall  not  in  any  way  be  affected  or  impaired thereby.

     7.15     Counterparts.  This  Agreement  may  be  executed in any number of
              ------------
counterparts (including telecopy counterparts), each of which shall be deemed an
original,  but  all  of  which  together  shall  constitute  one  and  the  same
instrument.

     7.16     Resurrection  of  the  Borrower's Obligations.  To the extent that
              ---------------------------------------------
Lender receives any payment on account of any of the Borrower's Obligations, and
any  such  payment(s) or any part thereof are subsequently invalidated, declared
to  be fraudulent or preferential, set aside, subordinated and/or required to be
repaid  to  a  trustee,  receiver  or any other Person under any bankruptcy act,
state or Federal law, common law or equitable cause, then, to the extent of such
payment(s)  received,  the Borrower's Obligations or part thereof intended to be
satisfied  and any and all Liens upon or pertaining to any Property or assets of
Borrower  and theretofore created and/or existing in favor of Lender as security
for  the payment of such Borrower's Obligations shall be revived and continue in
full force and effect, as if such payment(s) had not been received by Lender and
applied  on  account  of  the  Borrower's  Obligations.

                                      -36-
<PAGE>
     7.17     Independence of Covenants.  All of the covenants contained in this
              -------------------------
Agreement  and the other Transaction Documents shall be given independent effect
so  that  if a particular action, event or condition is prohibited by any one of
such  covenants,  the  fact  that  it  would be permitted by an exception to, or
otherwise  be in compliance within the provisions of, another covenant shall not
avoid  the  occurrence of a Default or Event of Default if such action is taken,
such  event  occurs  or  such  condition  exists.

     7.18     Subsidiary  Reference.  Any  reference  in  this  Agreement  to  a
              ---------------------
Subsidiary  of  Borrower,  and  any  financial definition, ratio, restriction or
other  provision  of this Agreement which is stated to be applicable to Borrower
and  its  Subsidiaries  or  which  is  to  be  determined on a "consolidated" or
"consolidating"  basis,  shall  apply  only  to  the  extent  Borrower  has  any
Subsidiaries  and,  where  applicable,  to  the extent any such Subsidiaries are
consolidated  with  Borrower for financial reporting purposes in accordance with
GAAP.

     7.19     Compliance  with  Usury  Laws.  It  is  the intent of Borrower and
              -----------------------------
Lender  in  the  execution  and performance of this Agreement, the Notes and the
other  Transaction  Documents  to contract in strict compliance with any and all
applicable usury laws, including conflicts of law concepts, governing the Loans.
In furtherance thereof, Lender and Borrower stipulate and agree that none of the
terms  and provisions contained in this Agreement, the Notes or any of the other
Transaction  Documents  shall  ever be construed to create a contract to pay, as
consideration for the use, forbearance or detention of money, interest at a rate
in  excess  of the highest rate permitted by applicable law (the "Highest Lawful
Rate")  and  that  for purposes hereof "interest" shall include the aggregate of
all  charges  which constitute interest under such laws that are contracted for,
charged  or  received  under  this  Agreement,  the  Notes  or  any of the other
Transaction  Documents;  and  in  the event that, notwithstanding the foregoing,
under any circumstances the aggregate amounts taken, reserved, charged, received
or paid on the Loans include amounts which by applicable law are deemed interest
which  would exceed the Highest Lawful Rate, then such excess shall be deemed to
be  a  mistake  and Lender shall credit the same on the principal balance of the
Loans hereunder (or if all of the Borrower's Obligations shall have been paid in
full,  refund  said  excess to Borrower).  In the event of demand for payment of
the  Notes  and/or  any of the other Borrower's Obligations by Lender, or in the
event  of  any  required  or  permitted prepayment, then such consideration that
constitutes interest may never include more than the Highest Lawful Rate and any
excess  interest, if any, provided for in this Agreement, the Notes or otherwise
shall  be  canceled  automatically  as  of  the  date  of  such  acceleration or
prepayment  and,  if  theretofore  paid, shall be credited against the principal
balance  of  the Loans hereunder (or, if all of the Borrower's Obligations shall
have  been repaid in full, refunded to Borrower).  The provisions of the section
shall  control over all other provisions of this Agreement, the Notes and/or the
other  Transaction  Documents  which  may  be  in  apparent  conflict  herewith.

                         [Signatures appear on page 40]

                                      -37-
<PAGE>

                    [Signatures appear on the following page]

                                      -38-
<PAGE>
     IN  WITNESS  WHEREOF, Borrower and Lender have executed this Loan Agreement
as  of  the  date  first  set  forth  above.

                                        ARCH  AIR  MEDICAL  SERVICE,  INC.

                                        By  /s/  Aaron  D.  Todd
                                        ----------------------------------
                                        Title:  CFO
                                                --------------------------

                                        Address:

                                        2207  Scott  Avenue
                                        St.  Louis,  Missouri  63103

                                        Telecopy  number:  (303)  790-4780
                                                           ---------------

                                        FIRSTAR  BANK,  N.A.

                                        By  /s/  L.  Alec  Blanc  III
                                        -------------------------
                                        Title:  Vice  President
                                        ---------------

                                        Address:

                                        One  Firstar  Plaza
                                        St.  Louis,  Missouri  63101
                                        Attention:  Service  Industries  Group

                                        Telecopy  number:  (314)  418-8394

                                      -39-
<PAGE>
                                  SCHEDULE 2.02
                                  -------------

                             Authorized Individuals
                             ----------------------

                                  George Belsey
                                 David Dolstein
                                   Aaron Todd

                                      -40-
<PAGE>
                                  SCHEDULE 4.05
                                  -------------

                                   Litigation
                                   ----------

                                      NONE.

                                      -41-
<PAGE>
                                  SCHEDULE 4.08
                                  -------------

                                  Subsidiaries
                                  ------------

                                      NONE.

                                      -42-
<PAGE>
                                  SCHEDULE 4.10
                                  -------------

                  Other Debt, Guarantees and Capitalized Leases
                  ---------------------------------------------

                                      NONE.

                                      -43-
<PAGE>
                                  SCHEDULE 4.12
                                  -------------

                                 Existing Liens
                                 --------------

Those  certain  liens  being  granted  on or about the date of this Agreement to
C.I.T.  Leasing  Corporation  on seven aircraft being purchased by Borrower from
Area  Rescue  Consortium  of  Hospitals.

                                      -44-
<PAGE>
                                  SCHEDULE 4.16
                                  -------------

                  Patents, Trademarks, Copyrights and Licenses
                  --------------------------------------------

                                      NONE.

                                      -45-
<PAGE>
                                  SCHEDULE 4.17
                                  -------------

                   Environmental and Health and Safety Matters
                   -------------------------------------------

                                      NONE.

                                      -46-
<PAGE>
                                  SCHEDULE 4.18
                                  -------------

                              Existing Investments
                              --------------------

                                      NONE.

                                      -47-
<PAGE>
                                    EXHIBIT A
                                    ---------

                       Form of Borrowing Base Certificate
                       ----------------------------------

     This Borrowing Base Certificate is delivered pursuant to Section 2.01(c) of
that  certain Loan Agreement dated as of April 25, 2000, by and between ARCH Air
Medical  Service,  Inc.,  a  Missouri  corporation,  and  Firstar  Bank, N.A., a
national  banking  association  ("Lender"), as the same may from time to time be
amended,  modified,  extended,  renewed or restated (the "Loan Agreement").  All
capitalized  terms  used  and  not  otherwise  defined  herein  shall  have  the
respective  meanings  ascribed  to  them  in  the  Loan  Agreement.

     Borrower  hereby  represents  and warrants to the Lender that the following
information  is  true,  correct  and  complete  in all material respects as of,:

1.     Total  Accounts  of  the  Borrower                          $
                                                                  --------------
2.     Ineligible  Accounts  of  the  Borrower:

     (a)     Accounts  which  remain  unpaid  for  more  than
             120  days  after  their  original  invoice  dates  and
             Accounts  which  are  not  due  and  payable  within
             120  days  after  their  invoice  dates               $
                                                                  --------------
     (b)     10%  Cross-Aging                                      $
                                                                  --------------
     (c)     Affiliate  Accounts                                   $
                                                                  --------------
     (d)     Contra  Accounts                                      $
                                                                  --------------
     (e)     Government  Accounts                                  $
                                                                  --------------
     (f)     Other                                                 $
                                                                  --------------
     (g)     Total  Ineligible  Accounts  [Sum  of  Items  2(a),  2(b)
          2(c),  2(d),  2(e)  and  2(f)]                           $
                                                                  --------------

3.     Eligible  Accounts  of  the  Subsidiaries  of  Borrower
     [Sum  of  Item  1  minus  Item  2(g)]                         $
                                                                  --------------

4.     Borrowing  Base  [80%  of  Item  3]                         $
                                                                  --------------
5.     Revolving  Credit  Commitment  of  Lender
                                                                   $1,500,000.00
                                                                  --------------
6.     Borrower's  Maximum  Revolving  Credit  Availability
       (Lesser  of  Item  4  or  Item  5)                          $
                                                                  --------------

7.     Total  Revolving  Credit  Outstandings                      $
                                                                  --------------

8.     Unused  Revolving  Credit  Availability  [Item  6  minus  Item  7]
                                                                   $
                                                                  --------------
     [Negative  amount  requires  mandatory  repayment]            $
                                                                  --------------

     If  Item  8  above  is  negative,  this  Certificate  is accompanied by the
mandatory  repayment  required  by  Section  2.01(d)  of  the  Loan  Agreement.

                                      -48-
<PAGE>
     This Borrowing Base Certificate is dated       the day of          ,     .
                                             -------          ---------- -----

                                              ARCH  AIR  MEDICAL  SERVICE,  INC.

                                              By
                                                 -------------------------------
                                              Title:
                                                 -------------------------------

                                      -49-
<PAGE>
                                    ---------
                                    EXHIBIT B
                                    ---------

                          Form of Revolving Credit Note
                          -----------------------------

                                      -50-
<PAGE>
                                    EXHIBIT C
                                    ---------

                             Form of Term Loan Note
                             ----------------------

                                      -51-
<PAGE>
                                    EXHIBIT D
                                    ---------

                            _________________, 20___

Firstar  Bank,  N.A.
One  Firstar  Plaza
St.  Louis,  Missouri  63101
Attn.:  Service  Industries  Group

Ladies  and  Gentlemen:

     Reference  is hereby made to that certain Loan Agreement dated ___________,
2000,  by and between you and the undersigned, as the same may from time to time
amended,  modified,  extended,  renewed or restated (the "Loan Agreement").  All
capitalized  terms  used  and  not  otherwise  defined  herein  shall  have  the
respective  meanings  ascribed  to  them  in  the  Loan  Agreement.

     Parent  and Borrower hereby certifies to Lender that as of the date hereof:

     (a)     except  as  set  forth  below,  all  of  the  representations  and
warranties  made  by  Parent,  Borrower  and/or  any  other  Obligor in the Loan
Agreement  and/or  in any other Transaction Document are true and correct in all
material  respects on and as of the date hereof as if made on and as of the date
hereof:

Exceptions:  ___________________________________________________________________
________________________________________________________________________________
___________________________________________________________;

     (b)     except  as set forth below, no Default or Event of Default under or
within  the  meaning  of  the  Loan  Agreement  has  occurred and is continuing:

Exceptions:  ___________________________________________________________________
________________________________________________________________________________
___________________________________________________________;

     (c)     the  financial  statements  of  Parent,  Borrower  and  respective
Subsidiaries  delivered  to  you with this letter are true, correct and complete
and have been prepared in accordance with GAAP consistently applied (subject, in
the case of any interim financial statements, to normal year-end adjustments and
absence  of  footnote  disclosures);  and

     (d)     Schedule  1  to  this  letter  is  a  determination  of  Borrower's
compliance with the financial covenants set forth in Section 5.01(o) of the Loan
Agreement as of _________, ____, in each case calculated in accordance with the
Loan  Agreement.

                                      -52-
<PAGE>
     (e)     Schedule 2 to this letter is a determination of Parent's compliance
with  the  financial covenants set forth in the Guaranty as of ________________,
__________,  in  each  case  calculated  in  accordance  with  the  Guaranty.

                                              Very  truly  yours,

                                              ARCH  AIR  MEDICAL  SERVICE,  INC.

                                              By
                                                --------------------------------
                                              Title:
                                                --------------------------------

                                              AIR  METHODS  CORPORATION

                                              By
                                                --------------------------------
                                              Title:
                                                --------------------------------

                                      -53-
<PAGE>
                                   SCHEDULE 1
                                   ----------

                                    Borrower
                         Financial Covenant Information
                               as of           , 2000
                           --------------------------

Financial  Covenant                  Actual                  Required
-------------------                  ------                  --------

                                      -54-
<PAGE>
                                   SCHEDULE 2
                                   ----------
                                     Parent
                         Financial Covenant Information
                               as of           , 2000
                           --------------------------

Financial  Covenant                  Actual                  Required
-------------------                  ------                  --------

                                      -55-
<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00008-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00008-of-00352.parquet"}]]