Document:

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                 POST-RETIREMENT EXECUTIVE CONSULTING AGREEMENT

                  This Post-Retirement Executive Consulting Agreement is made
and entered into as of April 15, 2003, between AIR METHODS CORPORATION, a
Delaware corporation (the "Company"), and GEORGE W. BELSEY ("Belsey").

                                    RECITALS

         A.       Belsey is presently serving the Company as its Chairman of the
Board of Directors of the Company (the "Board") and Chief Executive Officer, a
position that he has held since June 1994. Belsey has advised the Board of his
desire to retire as Chief Executive Officer following the Annual Meeting of
Stockholders presently scheduled to be held on June 11, 2003, effective after
June 30, 2003. The terms of Belsey's present employment are set forth in an
Employment Agreement dated as of January 1, 2003.

         B.       The Board desires that Belsey remain as Chairman of the Board
of the Company after his retirement as Chief Executive Officer and that he be
retained as a consultant to the Company. Belsey has agreed to continue to serve
as Chairman of the Board until the Annual Meeting of Stockholders of the Company
in 2004, and his continued service in that capacity, if any, will be dependent
upon whether he is re-elected as a director upon the expiration of his present
term in 2004, and upon the mutual desire of the Board and Belsey for him to
continue in such a position. Belsey has agreed to serve the Company as a
consultant for a period of five years in the manner provided in this Agreement.

                                    AGREEMENT

         In consideration of the mutual promises contained herein, the receipt
and sufficiency of which are hereby acknowledged, the parties hereby agree as
follows:

         1.       Effective Date; Term. The effective date of this Agreement
shall be July 1, 2003, and it shall remain in effect through June 30, 2008.

         2.       Services. Belsey shall provide services to the Company in the
capacity of Chairman of the Board, and as a consultant to the Company.

                  a.       Chairman of the Board. Belsey shall continue to serve
         as Chairman of the Board, at the pleasure of the Board, through the
         completion of the Annual Meeting of Stockholders in 2004. Without
         obligation to do so, Belsey may be re-elected to the Board of Directors
         at such 2004 Annual Meeting of Stockholders, in which event he may, at
         the mutual pleasure of the Board and himself, continue to serve as
         Chairman of the Board. Any such continued service as Chairman of the
         Board shall be deemed to be pursuant to this Agreement. As Chairman of
         the Board, Belsey shall maintain communications and relationships with
         other members of the Board, assist in maintaining coordination between
         the Board and officers of the Company and in consultation and
         cooperation with the

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         Chief Executive Officer of the Company, plan for and arrange meetings
         of the Board, including establishing agendas for meetings. He shall
         preside at meetings of the Board, (excepting executive sessions of
         independent directors) and meetings of the stockholders of the Company.

                  b.       Consultant. During the term of this Agreement, Belsey
         agrees also to serve as consultant to the Company with such
         responsibilities, consistent with this Agreement, as the Board of
         Directors may designate. Such services may include consulting with and
         advising officers of the Company, assistance in maintaining
         relationships with stockholders, potential investors, financial
         advisers, customers and suppliers of the Company, and with governmental
         and regulatory agencies, and with industry associations and
         representatives. The services as a consultant shall be coordinated with
         and accomplished in conjunction with the officers of the Company. The
         Chief Executive Officer of the Company may also request Belsey to
         undertake reasonable consulting and managerial assignments on behalf of
         the Company.

                  c.       Time Commitment. During the first year after the
         effective date of this Agreement, Belsey shall be generally available
         for service as a consultant on an as-needed basis which may be up to a
         full-time basis until December 31, 2003, subject to such vacation and
         personal time as he reasonably requests. After December 31, 2003, it is
         anticipated that Belsey will generally be available for consulting
         activities, together with his responsibilities, if any, as Chairman of
         the Board which may be up to approximately a one-half time basis. The
         duties assigned to Belsey hereunder shall be performed to the Company's
         offices in Denver, Colorado, except as travel may be required to meet
         with other parties with which the Company maintains relationships.

         3.       Compensation for Services. As compensation for his services
hereunder as Chairman of the Board and as a consultant, Belsey shall be entitled
to compensation and benefits as described herein:

                  a.       Fee for Services. Belsey shall receive cash
         compensation in the form of a consulting fee in the aggregate amount of
         $750,000, payable $150,000 per year from July 1, 2003 through June 30,
         2007. Such fee shall be payable monthly at the rate of $12,500 per
         month. Except as provided in Section 8, such compensation shall
         continue for the five year term of this Agreement regardless of the
         amount of time that Belsey spends performing his services as Chairman
         and consultant and whether he may become disabled or die during such
         period, it being understood that such fee for service is provided for
         in return for the agreement of Belsey to perform such services. In
         addition, Belsey shall receive cash compensation of $50,000 on each of
         July 1, 2003, January 1, 2004 and January 1, 2005, which Belsey intends
         to contribute to a personal retirement fund.

                  b.       Benefits. Belsey shall be entitled either to
         participate in the Company's health insurance program on the same basis
         as such participation is made available to officers and executive
         employees of the Company, or, if he is

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         deemed ineligible to participate as a covered insured under the
         Company's health program, to be reimbursed the cost of payments that he
         makes for comparable health insurance for himself and his wife, as
         provided for under the Consolidated Omnibus Budget Reconciliation Act
         ("COBRA") or state law until October 1, 2004.

                  c.       Reimbursement of Expenses/Office. The Company shall
         reimburse Belsey for all reasonable out-of-pocket expenses incurred by
         Belsey in connection with the business of the Company and in
         performance of his duties under this Agreement upon presentation by
         Belsey to the Company of an itemized accounting of such expenses with
         reasonable supporting data. During the first year that this Agreement
         is in effect, and thereafter so long as he continues to serve as
         Chairman of the Board, the Company shall provide him with reasonable
         office space and equipment appropriate to his responsibilities, and
         shall provide him with such staff assistance as he may reasonably
         request to carry out his responsibilities to the Company.

                  d.       Options/Bonus. It is specifically understood and
         agreed that Belsey shall not be entitled to participate in any bonus
         program for executives based upon his activities after June 30, 2003.
         Belsey may, in the sole discretion of the Compensation Committee or the
         Board, be granted stock options in such amounts as the Committee or the
         Board deems appropriate to provide incentive and recognition of his
         responsibilities and services.

         4.       Change of Control. In the event that a change of control of
the Company, as hereinafter defined, occurs, and if, thereafter, Belsey does not
continue to serve as Chairman of the Board, Belsey's right to cash payment of
fees pursuant to Section 3(a) shall accelerate and the unpaid balance of
compensation provided for under such Section shall be paid to him immediately,
together with an amount that reasonably reimburses him for any increase in his
federal and state income taxes that results from such acceleration of the
receipt of such income. Belsey's rights to benefits as provided for in Section
3(b), if then applicable, shall continue notwithstanding the change of control
and the immediate payment of the balance of the cash payments. For purposes of
this Section 4, a Change of Control shall be deemed to have occurred in the
event that a merger, sale of assets, sale or exchange of stock, or other
corporate reorganization occurs with another corporation or other entity,
following which and as a result of which, more than 50% of the ownership
interest of the surviving corporation is held by persons other than the
stockholders of the Company prior to such transaction, or a majority of the
directors of the surviving company are persons other than the directors of the
Company prior to such transaction.

         5.       Trade Secrets and Confidential Information. During the term of
this Agreement and for a period of five years thereafter, Belsey shall not,
directly or indirectly, use, disseminate, or disclose for any purpose other than
for the purposes of the Company's business, any of the Company's confidential
information or trade secrets, unless such disclosure is compelled in a judicial
proceeding. Upon termination of his employment, all documents, records,
notebooks, and similar repositories of records containing information relating
to any trade secrets or

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confidential information then in Belsey's possession or control, whether
prepared by him or by others, shall be left with the Company or returned to the
Company upon its request.

         6.       Covenant Not to Compete. During the term of this Agreement and
for a period of eighteen (18) months thereafter, Belsey shall not, anywhere in
the United States, engage in any business which competes directly or indirectly
with the Company. Any company or business which is engaged in the air medical
transport business or the business of furnishing or retrofitting aircraft to
provide medical transports shall be deemed to be engaged in business in
competition with the Company.

         7.       Severability. It is the desire and intent of the parties that
the provisions of Sections 5 and 6 shall be enforced to the fullest extent
permissible under the laws and public policies applied in each jurisdiction in
which enforcement is sought. Accordingly, if any particular sentence or portion
of either Section 5 or 6 shall be adjudicated to be invalid or unenforceable,
the remaining portions of such section nevertheless shall continue to be valid
and enforceable as though the invalid portions were not a part thereof. In the
event that any of the provisions of Section 10 relating to the geographic areas
of restriction or the period of restriction shall be deemed to exceed the
maximum area or period of time which a court of competent jurisdiction would
deem enforceable, the geographic areas and times shall, for the purposes of this
Agreement, be deemed to be the maximum areas or time periods which a court of
competent jurisdiction would deem valid and enforceable in any state in which
such court of competent jurisdiction shall be convened.

         8.       Termination Breach and Injunctive Relief. In the event that
Belsey breaches his obligations under Section 5 or 6, and such breach continues
for more than ten (10) days after the Company notifies him in writing with a
demand to decease the offending conduct, the Company may terminate this
Agreement and all further obligations of the Company hereunder shall thereupon
cease. Additionally, Belsey agrees that any violation by him of the agreements
contained in Sections 5 and 6 are likely to cause irreparable damage to the
Company, and therefore agrees that if there is a breach or threatened breach by
Belsey of the provisions of said sections, the Company shall be entitled to an
injunction restraining him from such breach. Nothing herein shall be construed
as prohibiting the Company from pursuing any other remedies for such breach or
threatened breach.

         9.       Indemnification. The Company shall, to the full extent
permitted by applicable law, indemnify Belsey and hold him harmless if he is a
party, or is threatened to be made a party, to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative,
or investigative, by reason of Belsey's responsibility or services performed
hereunder, against expenses (including attorneys' fees), judgments, fines and
amounts paid in settlement actually and reasonably incurred by Belsey in
connection with such action, suit or proceeding so long as Belsey acted in good
faith and in a manner that he reasonably believed to be in or not opposed to the
best interests of the Company and, with respect to any criminal action or
proceeding, had no reasonable cause to believe his conduct was unlawful. To the
fullest extent permitted by law, the Company shall pay such expenses in advance
of the final disposition of such action upon satisfying such conditions as may
be imposed by law with respect to such advances.

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         10.      Miscellaneous.

                  a.       Notices. Any notice required or permitted to be given
         under this Agreement shall be directed to the appropriate party in
         writing and mailed or delivered, if to the Company, to 7301 South
         Peoria, Englewood, Colorado 80112 or to the Company's then principal
         office, if different, and if to Belsey, to such address as he may have
         furnished to the Company for this purpose or, if Belsey has furnished
         no such address, to his last known address as shown on the Company's
         records.

                  b.       Binding Effect. This Agreement is a personal service
         agreement and may not be assigned by the Company or Belsey, except that
         subject to the provisions of Section 4 hereof, the Company may assign
         this Agreement to a successor by merger, consolidation, sale of assets
         or other reorganization, and subject to the foregoing, and, in
         particular, the rights of Belsey to compensation hereunder, this
         Agreement shall be binding upon and inure to the benefit of the parties
         hereto and their respective successors, assigns, and legal
         representatives.

                  c.       Amendment. This Agreement may not be amended except
         by an instrument in writing executed by each of the parties hereto.

                  d.       Applicable Law. This Agreement is entered into in the
         State of Colorado and for all purposes shall be governed by the laws of
         the State of Colorado.

                  e.       Counterparts. This instrument may be executed in one
         or more counterparts, each of which shall be deemed an original.

                  f.       Entire Agreement. As of the Effective Date specified
         herein, this Agreement supersedes and replaces all prior agreements
         between the parties related to Belsey's employment by the Company. All
         obligations of the parties under the currently effective Employment
         Agreement that have continuing effect shall continue notwithstanding
         this Agreement except to the extent that any such provisions may be in
         direct conflict with the provisions of this Agreement, in which case
         the provisions of this Agreement shall be effective.

                  g.       Attorney's Fees. In the event that either party shall
         resort to legal action to enforce that party's rights under this
         Agreement, the non-prevailing party shall pay all costs and expenses,
         reasonably incurred by the prevailing party in pursuing or defending
         such action, including reasonable attorney's fees.

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                  IN WITNESS WHEREOF, the parties have executed this Agreement
as of the date first above written.

                                  AIR METHODS CORPORATION

                                  By: /s/ Aaron D. Todd
                                     ------------------------------------------
                                     Aaron D. Todd, Chief Operating Officer
                                      and Chief Financial Officer

                                   /s/ George W. Belsey
                                  ---------------------------------------------
                                  George W. Belsey

                                       6<PAGE>

                              EMPLOYMENT AGREEMENT

                  This is an Agreement made and entered into as of April 28,
2003, between AIR METHODS CORPORATION, a Delaware corporation (the "Company"),
and Trent Carman (the "Executive").

                                    RECITALS

                  The Company wishes to employ the Executive in the executive
positions described below, and the Executive has accepted such employment. The
Company and the Executive desire to set forth in this Agreement the terms and
conditions of the Executive's employment by the Company, effective as the date
hereof.

                                    AGREEMENT

                  In consideration of the mutual promises contained herein, the
receipt and sufficiency of which are hereby acknowledged, the parties hereby
agree as follows:

                  1.       Employment; Position; Term. The Company hereby
employs the Executive, and the Executive hereby accepts employment with the
Company, in the capacity of Chief Financial Officer, Secretary and Treasurer.
Subject to Section 4, the term of the Executive's employment under this
Agreement shall be for one (1) year, beginning April 28, 2003. The term of this
Agreement shall be extended for successive one-year periods on April 28 of each
year beginning April 28, 2004, unless on or before three months prior to any
such renewal date the Company or the Executive provides written notice to the
other of its or his intention not to renew.

                  2.       Duties, Responsibilities and Authority. In his
capacity as Chief Financial Officer and Treasurer, the Executive shall have
primary responsibility for management of the financial affairs of the Company,
have control of the funds of the Company and have oversight of the Company's
financial records and its financial reports to stockholders and regulatory
agencies. In his capacity as Secretary, he shall be responsible for maintenance
of the Company's books and records including, without limitation, its general
corporate records. In each of these capacities he shall also perform such other
duties as are prescribed by applicable law and the Company's bylaws for the
offices which the Executive shall hold pursuant to this Agreement, all of which
responsibilities shall be discharged in accordance with policies established by
the Company's Board of Directors (the "Board"). In his capacity as Chief
Financial Officer, Secretary and Treasurer, the Executive shall report to the
Chief Executive Officer and be subject to the additional direction and control
of the Board. The Executive shall devote his full professional and managerial
time and effort to the performance of his duties as Chief Financial Officer,
Secretary and Treasurer, and he shall not engage in any other business activity
or activities which, in the mutual judgment of the Executive and the Board, do,
in fact, conflict with the performance of his duties under this Agreement.

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                  3.       Compensation.

                           (a)      Salary. For services rendered under this
Agreement, the Company shall pay the Executive a salary of $195,000 per annum.

                           (b)      Annual Review and Salary Adjustment. The
Executive's salary will not be reviewed during the calendar year 2003. The
Executive's first salary review shall be for the period ending December 31,
2003, and, as appropriate, his salary shall be adjusted effective January 1,
2004 and shall be reviewed annually thereafter during the term of this
Agreement.

                           (c)      Stock Options. The Executive may participate
in stock option programs of the Company in accordance with the policies
applicable to other officers of the Company upon such terms as the
administrators of such programs in their discretion determine.

                           (d)      Benefits and Vacation. The Executive shall
be eligible to participate in such insurance programs (health, disability, or
life) or such other health, dental, retirement, or similar employee benefits
programs as the Board may approve, on a basis comparable to that available to
other officers and executive employees of the Company. The Executive shall be
entitled to four (4) weeks of paid vacation per year. The Executive may
accumulate up to one and one-half times his annual vacation accrual rate at any
one time. The value of any unforfeited, accrued but unused vacation time shall
be paid in cash to the Executive upon termination of his employment for any
reason.

                           (e)      Reimbursement of Expenses. The Company shall
reimburse the Executive for all reasonable out-of-pocket expenses incurred by
the Executive in connection with the business of the Company and in the
performance of his duties under this Agreement upon the Executive's presentation
to the Company of an itemized accounting of such expenses with reasonable
supporting data.

                  4.       Termination. Either party may terminate the
Executive's employment under this Agreement, without cause, upon ninety (90)
days' written advance notice to the other party, but subject to the provisions
of Section 7 hereof. The Company may terminate the Executive's employment for
"Cause" (as hereinafter defined) immediately upon written notice stating the
basis for such termination. "Cause" for termination of the Executive's
employment shall only be deemed to exist if the Executive has breached this
Agreement and if such breach continues or recurs more than 30 days after notice
from the Company specifying the action which constitutes the breach and
demanding its discontinuance, exhibited willful disobedience of reasonable
directions of the Board, or committed gross malfeasance in performance of his
duties hereunder or acts resulting in an indictment charging the Executive with
the commission of a felony; provided that the commission of acts resulting in
such an indictment shall constitute Cause only if a majority of the directors
who are not also subject to any such indictment determine that the Executive's
conduct was willful and has substantially adversely affected the Company or its
reputation. A material failure to perform his duties hereunder that results from
the disability of the Executive shall not be considered Cause for his
termination.

                  5.       Disability. If the Executive shall be prevented by
illness, accident, or other incapacity from properly performing his duties
hereunder (and, if required by the

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Company, upon the furnishing of evidence satisfactory to the Company of such
disability), the Company shall, during the continuance of his disability but
only for the remaining term of this Agreement or six (6) months, whichever is
greater, pay the Executive his compensation payable under the provisions of
Section 3 (above) and continue to provide the Executive all other benefits
provided hereunder, provided that any amount received during such time by the
Executive under a disability insurance policy carried by the Company shall be
credited against the compensation due to the Executive. As used herein, the term
"disability" shall mean the complete and total inability of the Executive, due
to illness, physical or comprehensive mental impairment to substantially perform
all of his duties as described herein for a consecutive period of thirty (30)
days or more.

                  6.       Death. In the event of the death of the Executive,
except with respect to any benefits which have accrued and have not been paid to
the Executive hereunder, the provisions of this Employment Agreement shall
terminate immediately. However, the Executive's estate shall have the right to
receive compensation due to the Executive as of and to the date of his death
and, furthermore, to receive an additional amount equal to one-twelfth (1/12) of
the Executive's annual compensation then in effect as specified in Section 3,
above.

                  7.       Severance Pay. Subject to the conditions set forth
below, in the event that the Executive's employment is terminated by the Company
other than for Cause, whether during or after the term of this Agreement, the
Executive shall be entitled, for a period of twelve (12) months following the
termination, to receive compensation at an annual rate equal to the Executive's
highest cash compensation received during any 12-month period of his employment,
payable at the Company's regular payment intervals; provided, that if any of
such payments would (i) constitute a "parachute payment" within the meaning of
Section 280G of the Internal Revenue Code of 1986 (the "Code") and (ii) but for
this proviso be subject to the excise tax imposed by Section 4999 of the Code
(the "Excise Tax"), the amount payable hereunder shall be reduced to the largest
amount which the Executive determines would result in no portion of the payments
hereunder being subject to the Excise Tax. In addition, the Executive shall be
entitled to continue to receive at the Company's expense, coverage under the
Company's health insurance policies, or comparable coverage, during the term of
such severance payments, but only until the Executive begins other employment in
connection with which he is entitled to health insurance coverage. As a
condition of the Executive's right to receive severance compensation as provided
above, the Executive shall sign and deliver to the Company a release of all
claims that the Executive might otherwise assert against the Company, in a form
approved by the Company. If the Executive voluntarily resigns his employment
hereunder, or if his employment is terminated for Cause, the Executive shall not
be entitled to any severance pay or other compensation beyond the date of
termination of his employment.

                  8.       Change of Control/Constructive Termination. In the
event that a Change of Control of the Company, as hereinafter defined, occurs,
and the Executive's employment by the Company, or a successor to the business of
the Company, is terminated by the Company or the successor in connection with,
or within one year after, the occurrence of such Change of Control, or if, after
a Change of Control, the Executive terminates his employment as a result of a
"constructive termination" of his employment by the Company or such successor,
the Executive shall be entitled for a period of two (2) years following such
termination or constructive termination, to receive compensation at an annual
rate equal to the Executive's

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highest cash compensation received during any 12-month period of his employment,
payable at the Company's regular payment intervals; provided, that if any of
such payments would (i) constitute a "parachute payment" within the meaning of
Section 280G of the Internal Revenue Code of 1986 (the "Code") and (ii) but for
this proviso be subject to the excise tax imposed by Section 4999 of the Code
(the "Excise Tax"), the amount payable hereunder shall be reduced to the largest
amount which the Executive determines would result in no portion of the payments
hereunder being subject to the Excise Tax. For purposes of this Section, a
"constructive termination" by the Company or its successor shall be deemed to
occur if the Executive is assigned to another position, not comparable in terms
of salary, duties, status or authority, or substantially reducing the
Executive's job responsibilities and authority from the position,
responsibilities and/or authority held by the Executive prior to the Change of
Control, or if the Executive's place of work shall be moved more than 75 miles
from the Executive's place of work with the Company prior to the Change of
Control. For purposes of this Section 8, a Change of Control shall be deemed to
have occurred in the event that a merger, sale of assets, sale or exchange of
stock, or other corporate reorganization occurs with another corporation or
other entity, following which and as a result of which, at least 50% of the
ownership interest of the surviving corporation is held by persons other than
the shareholders of the Company prior to such transaction, or a majority of the
directors of the surviving corporation are persons other than the directors of
the Company prior to such transaction. Any notice by the Executive to the
Company or its successor claiming a constructive termination of the Executive
shall specify the claimed default by the Company or the successor and the
Company or its successor shall have ninety (90) days to make such modifications
in the Executive's working relationship as to overcome the constructive
termination.

                  9.       Indemnification. The Company shall, to the full
extent permitted by applicable law, indemnify the Executive and hold him
harmless if he is a party, or is threatened to be made a party, to any
threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative, or investigative, by reason of the fact that the
Executive is or was an officer and employee of the Company or is or was serving
at the request of the Company as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise,
against expenses (including attorneys' fees), judgments, fines and amounts paid
in settlement actually and reasonably incurred by the Executive in connection
with such action, suit or proceeding so long as the Executive acted in good
faith and in a manner that he reasonably believed to be in or not opposed to the
best interests of the Company and, with respect to any criminal action or
proceeding, had no reasonable cause to believe his conduct was unlawful. To the
fullest extent permitted by law, the Company shall pay such expenses of the
Executive in advance of the final disposition of such action upon satisfying
such conditions as may be imposed by law with respect to such advances.

                  10.      Covenant Not to Compete. During the continuance of
his employment by the Company and for a period of twelve (12) months after
termination of his employment, the Executive shall not, anywhere in the United
States, engage in any business which competes directly or indirectly with the
Company. Any company or business which is engaged in the air medical transport
business or the business of furnishing or retrofitting aircraft to provide
medical transports shall be deemed to be engaged in business in competition with
the Company.

                                      -4-

<PAGE>

                  11.      Trade Secrets and Confidential Information. During
his employment by the Company, and for a period of five years thereafter, the
Executive shall not, directly or indirectly, use, disseminate, or disclose for
any purpose other than for the purposes of the Company's business, any of the
Company's confidential information or trade secrets, unless such disclosure is
compelled in a judicial proceeding. Upon termination of his employment, all
documents, records, notebooks, and similar repositories of records containing
information relating to any trade secrets or confidential information then in
the Executive's possession or control, whether prepared by him or by others,
shall be left with the Company or returned to the Company upon its request.

                  12.      Severability. It is the desire and intent of the
parties that the provisions of Sections 10 and 11 shall be enforced to the
fullest extent permissible under the laws and public policies applied in each
jurisdiction in which enforcement is sought. Accordingly, if any particular
sentence or portion of either Section 10 or 11 shall be adjudicated to be
invalid or unenforceable, the remaining portions of such section nevertheless
shall continue to be valid and enforceable as though the invalid portions were
not a part thereof. In the event that any of the provisions of Section 10
relating to the geographic areas of restriction or the period of restriction
shall be deemed to exceed the maximum area or period of time which a court of
competent jurisdiction would deem enforceable, the geographic areas and times
shall, for the purposes of this Agreement, be deemed to be the maximum areas or
time periods which a court of competent jurisdiction would deem valid and
enforceable in any state in which such court of competent jurisdiction shall be
convened.

                  13.      Injunctive Relief. The Executive agrees that any
violation by him of the agreements contained in Sections 10 and 11 are likely to
cause irreparable damage to the Company, and therefore agrees that if there is a
breach or threatened breach by the Executive of the provisions of said sections,
the Company shall be entitled to an injunction restraining the Executive from
such breach. Nothing herein shall be construed as prohibiting the Company from
pursuing any other remedies for such breach or threatened breach.

                  14.      Miscellaneous.

                           (a)      Notices. Any notice required or permitted to
be given under this Agreement shall be directed to the appropriate party in
writing and mailed or delivered, if to the Company, 7301 South Peoria,
Englewood, Colorado 80112 or to the Company's then principal office, if
different, and if to the Executive, to such address as the Executive may have
furnished to the Company for this purpose or, if the Executive has furnished no
such address, to the Executive's last known address as shown on the Company's
records.

                           (b)      Binding Effect. This Agreement is a personal
service agreement and may not be assigned by the Company or the Executive,
except that the Company may assign this Agreement to a successor by merger,
consolidation, sale of assets or other reorganization. Subject to the foregoing,
this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors, assigns, and legal representatives.

                           (c)      Amendment. This Agreement may not be amended
except by an instrument in writing executed by each of the parties hereto.

                                      -5-

<PAGE>

                           (d)      Applicable Law. This Agreement is entered
into in the State of Colorado and for all purposes shall be governed by the laws
of the State of Colorado.

                           (e)      Counterparts. This instrument may be
executed in one or more counterparts, each of which shall be deemed an original.

                           (f)      Entire Agreement. This Agreement supersedes
and replaces all prior agreements between the parties related to the employment
of the Executive by the Company.

                  IN WITNESS WHEREOF, the parties have executed this Agreement
as of the date first above written.

                                    AIR METHODS CORPORATION

                                    By: /s/ Aaron D. Todd
                                       ---------------------------------------
                                        Aaron D. Todd, Chief Executive Officer

                                    THE EXECUTIVE:

                                     /s/ Trent J. Carman
                                    ------------------------------------------

                                      -6-

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