Document:

<PAGE>

                                                                   EXHIBIT 10(a)

                            THE LAMSON & SESSIONS CO.
            FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

         This Fourth Amendment to the Amended and Restated Credit Agreement
(herein, the "Amendment") is entered into as of September 30, 2002, among The
Lamson & Sessions Co., an Ohio corporation (the "Borrower"), the Guarantors
party hereto, the Lenders party hereto, and Harris Trust and Savings Bank, as
Administrative Agent for the Lenders.

                             PRELIMINARY STATEMENTS

          A. The Borrower, the Guarantors, the Lenders and the Administrative
Agent are parties to an Amended and Restated Credit Agreement dated as of
December 15, 2000 (the Amended and Restated Credit Agreement, as the same has
been amended prior to the date hereof, being referred to herein as the "Credit
Agreement"). All capitalized terms used herein without definition shall have the
same meanings herein as such terms have in the Credit Agreement.

          B. The Borrower has requested that the term loan fee payable under
Section 2.1(d) and the increase in the Applicable Margin for the Term Loans
which were scheduled to become effective on September 30, 2002, be deferred
until December 31, 2002, and the Lenders are willing to do so under the terms
and conditions set forth in this Amendment.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:

SECTION 1.           AMENDMENTS.

         Subject to the satisfaction of the conditions precedent set forth in
Section 2 below, effective as of the effective date of this Amendment, the
Credit Agreement shall be and hereby is amended as follows:

         1.1. Section 2.1(d) of the Credit Agreement shall be amended and
restated in its entirety to read as follows:

                           (d) Term Loan Fee. The Borrower agrees that if the
                  Term Loans are not paid in full on or before December 31,
                  2002, it shall pay to the Administrative Agent for
                  distribution to the Lenders in accordance with their pro rata
                  shares of the outstanding Term Loans a fee in an amount equal
                  to 1.125% multiplied by the principal balance of the Term
                  Loans outstanding as of December 31, 2002 (computed without
                  giving effect to any scheduled amortization payment of the
                  Term Loans due on that

<PAGE>

                  date), which fee shall be paid on the Business Day immediately
                  following such date; provided that in the event the Borrower's
                  Board of Directors affirmatively directs its management to
                  discontinue the solicitation of interests for the issuance of
                  subordinated debt described in Section 1.3 of the Fourth
                  Amendment to this Agreement, the Borrower hereby agrees to pay
                  the term loan fee called for hereby on the Business Day
                  immediately following the date of such action (with the term
                  loan fee to be computed on the principal balance of the Term
                  Loans outstanding as of such date).

        1.2. The last sentence of the definition of "Applicable Margin"
appearing in Section 5.1 of the Credit Agreement shall be amended and restated
to read as follows:

                  In the event the Term Loans are not paid in full on or before
                  December 31, 2002, the Applicable Margins with respect to the
                  Term Loans shall increase effective on January 1, 2003, by
                  1.0% per annum over the Applicable Margins set forth above
                  and, in addition, there shall be additional interest of 1% per
                  annum due and payable by the Borrower, computed retroactive
                  for the period from September 30, 2002, through and including
                  December 31, 2002, with respect to the principal balance of
                  the Term Loans outstanding as of December 31, 2002 (computed
                  without giving effect to any scheduled amortization payment of
                  the Term Loans due on that date), which additional interest
                  shall be paid on the Business Day immediately following such
                  date.

        1.3. The Borrower has advised the Lenders that it has engaged Brown,
Gibbons, Lang & Company, L.P., for the purpose of soliciting interest for the
issuance of additional debt of the Borrower (which is to be contractually
subordinated to the prior payment in full of the Obligations) to potential
purchasers. The Borrower acknowledges that the issuance of any such subordinated
debt, and the terms and conditions thereof, is subject to the terms and
conditions of the Credit Agreement, including Sections 8.7 and 13.14 thereof.
Until the issuance of any such subordinated debt, on bi-monthly basis by no
later than the 15th and last day of each calendar month, the Borrower hereby
agrees to provide to the Administrative Agent and the Lenders a status report
on its efforts to raise such subordinated indebtedness, including (a) prior to
approval by the Board of Directors of the Borrower of any such transaction, an
update of the Summary of Market Process in substantially the same form and
detail heretofore delivered by the Borrower to the Administrative Agent and the
Lenders and (b) after approval by the Board of Directors of the Borrower of any
such transaction, copies of any commitment letters and/or term sheets under
discussion between the Borrower and any such potential purchaser, in each case
together with such other information as the Administrative Agent may reasonably
request.

        1.4. Section 8.7 of the Credit Agreement shall be amended by striking
the period appearing at the end of subsection (g) and inserting in its place a
semicolon followed by the word

                                      -2-
<PAGE>

"and", and then adding at the end of Section 8.7 as so amended a new subsection
(h) which shall read as follows:

                           (h) indebtedness in the form of a mortgage loan on
                  its executive and administrative office located at 25701
                  Science Park Drive, Beachwood, Ohio incurred by the Borrower
                  prior to December 31, 2002, in an aggregate amount not
                  exceeding the then fair market value of such Property,
                  provided that the proceeds of such loan (net of any amounts
                  necessary to retire the mortgage loan owing to AEGON USA
                  Realty Advisors, Inc. referred to on Schedule 8.7/8.8 hereof)
                  are applied as a mandatory prepayment of the Term Loans (if
                  any) then outstanding (applied in accordance with Section
                  1.10(c) hereof).

SECTION 2.           CONDITIONS PRECEDENT.

         The effectiveness of this Amendment is subject to the satisfaction of
all of the following conditions precedent (at which time this Amendment shall be
deemed effective retroactive to September 30, 2002):

         2.1. The Borrower, the Administrative Agent, and the Lenders shall have
executed and delivered this Amendment.

         2.2. The Guarantors shall have executed and delivered to the
Administrative Agent their consent to this Amendment in the space provided
below.

         2.3. The Borrower shall have paid to the Administrative Agent, for
distribution to the Lenders holding the Term Loans in accordance with their Term
Loan Percentages, a fee of $56,875 (representing a fee of 0.175% on the
outstanding principal balance of the Term Loans after giving effect to the
September 30, 2002, scheduled principal payment thereon).

         2.4. Legal matters incident to the execution and delivery of this
Amendment shall be satisfactory to the Administrative Agent and its counsel.

SECTION 3.           REPRESENTATIONS.

         In order to induce the Lenders to execute and deliver this Amendment,
the Borrower hereby represents to the Lenders that as of the date hereof, and
after giving effect to the amendments provided for in this Amendment, (a) the
representations and warranties set forth in Section 6 of the Credit Agreement
are and shall be and remain true and correct (except that the representations
contained in Section 6.5 shall be deemed to refer to the most recent financial
statements of the Borrower delivered to the Lenders) and (b) the Borrower is in
compliance with the terms and conditions of the Credit Agreement and no Default
or Event of Default has occurred and is continuing under the Credit Agreement or
shall result after giving effect to this Amendment.

                                      -3-
<PAGE>

SECTION 4.           MISCELLANEOUS.

        4.1. The Borrower and the Guarantors have heretofore or concurrently
herewith executed and delivered to the Lenders the Mortgages, the Security
Agreement, the Pledge Agreement, and certain other Collateral Documents. The
Borrower and, by signing below, the Guarantors, hereby acknowledge and agree
that the Liens created and provided for by the Collateral Documents continue to
secure, among other things, the Obligations arising under the Credit Agreement
as amended hereby; and the Collateral Documents and the rights and remedies of
the Lenders thereunder, the obligations of the Borrower and the Guarantors
thereunder, and the Liens created and provided for thereunder remain in full
force and effect and shall not be affected, impaired or discharged hereby.
Nothing herein contained shall in any manner affect or impair the priority of
the liens and security interests created and provided for by the Collateral
Documents as to the indebtedness which would be secured thereby prior to giving
effect to this Amendment.

        4.2. Except as specifically amended herein, the Credit Agreement shall
continue in full force and effect in accordance with its original terms.
Reference to this specific Amendment need not be made in the Credit Agreement,
the Notes, or any other instrument or document executed in connection therewith,
or in any certificate, letter or communication issued or made pursuant to or
with respect to the Credit Agreement, any reference in any of such items to the
Credit Agreement being sufficient to refer to the Credit Agreement as amended
hereby.

        4.3. The Borrower agrees to pay on demand all reasonable costs and
expenses incurred by the Administrative Agent in connection with the
negotiation, preparation, execution and delivery of this Amendment, including
the reasonable fees and expenses of counsel for the Administrative Agent.

        4.4. This Amendment may be executed in any number of counterparts, and
by the different parties on different counterpart signature pages, all of which
taken together shall constitute one and the same agreement. Any of the parties
hereto may execute this Amendment by signing any such counterpart and each of
such counterparts shall for all purposes be deemed to be an original. This
Amendment shall be governed by the internal laws of the State of Illinois.

                           [SIGNATURE PAGE TO FOLLOW]

                                      -4-
<PAGE>

         This Fourth Amendment to Amended and Restated Credit Agreement is
entered into as of the date and year first above written.

                                 "BORROWER"

                                 THE LAMSON & SESSIONS CO.

                                 By   /s/ James J. Abel
                                    --------------------------------------------
                                    Name    James J. Abel
                                         ---------------------------------------
                                    Title   Executive VP & CFO
                                         ---------------------------------------

                                 "GUARANTORS"

                                 CARLON CHIMES CO.

                                 By   /s/ James J. Abel
                                    --------------------------------------------
                                    Name   James J. Abel
                                          --------------------------------------
                                    Title  Vice President, Secretary & Treasurer
                                          --------------------------------------

                                 DIMANGO PRODUCTS CORPORATION

                                 By  /s/ James J. Abel
                                    --------------------------------------------
                                    Name   James J. Abel
                                          --------------------------------------
                                    Title    Secretary
                                          --------------------------------------

                                 PYRAMID INDUSTRIES II, INC.

                                 By  /s/ James J. Abel
                                    --------------------------------------------
                                    Name   James J. Abel
                                          --------------------------------------
                                    Title  Vice President & Treasurer
                                          --------------------------------------

                                      -5-
<PAGE>

                                 "LENDERS"

                                 HARRIS TRUST AND SAVINGS BANK, in its
                                    individual capacity as a Lender and as
                                    Administrative Agent

                                 By  /s/ Michael J. Johnson
                                     -------------------------------------------
                                    Name   Michael J. Johnson
                                         ---------------------------------------
                                    Title  Managing Director
                                          --------------------------------------

                                 BANK OF AMERICA, N.A.

                                 By  /s/ Michael Staunton
                                     -------------------------------------------
                                    Name   Michael Staunton
                                         ---------------------------------------
                                    Title  Senior Vice President
                                          --------------------------------------

                                 NATIONAL CITY BANK

                                 By  /s/ Judith M. Kuclo
                                     -------------------------------------------
                                    Name   Judith M. Kuclo
                                         ---------------------------------------
                                    Title  Senior Vice President
                                          --------------------------------------

                                 PNC BANK, NATIONAL ASSOCIATION

                                 By  /s/ Judy B. Land
                                     -------------------------------------------
                                    Name   Judy B. Land
                                         ---------------------------------------
                                    Title  Vice President
                                          --------------------------------------

                                 GE CAPITAL CFE, INC.

                                 By  /s/ James Desantis
                                     -------------------------------------------
                                    Name   James Desantis
                                         ---------------------------------------
                                    Title  Duly Authorized Signatory
                                          --------------------------------------

                                 BANK ONE, N.A.

                                 By  /s/ James M. Malz
                                     -------------------------------------------
                                    Name   James M. Malz
                                         ---------------------------------------
                                    Title  First Vice President
                                          --------------------------------------

                                      -6-
<PAGE>

                                 THE HUNTINGTON NATIONAL BANK

                                 By  /s/ Don W. Lambacher
                                     -------------------------------------------
                                    Name   Don W. Lambacher
                                         ---------------------------------------
                                    Title  Senior Vice President
                                          --------------------------------------

                                 FIFTH THIRD BANK (NORTHEASTERN OHIO)

                                 By  /s/ R. C. Lanctot
                                     -------------------------------------------
                                    Name   Roy C. Lanctot
                                         ---------------------------------------
                                    Title  Vice President
                                          --------------------------------------

                                 KEYBANK NATIONAL ASSOCIATION

                                 By  /s/ Nadine M. Eames
                                     -------------------------------------------
                                    Name   Nadine M. Eames
                                         ---------------------------------------
                                    Title  Vice President
                                          --------------------------------------

                                 LASALLE BANK NATIONAL ASSOCIATION

                                 By  /s/ Jeffrey L. Miller
                                     -------------------------------------------

                                    Name   Jeffrey L. Miller
                                         ---------------------------------------

                                    Title  Vice President
                                          --------------------------------------

                                      -7-THIS  WARRANT  AND  ANY SHARES ACQUIRED UPON THE EXERCISE OF THIS
        WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933
        AND MAY NOT BE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR
        AN  EXEMPTION  THEREFROM  UNDER  SUCH  ACT.

                             AIR METHODS CORPORATION

                          COMMON STOCK PURCHASE WARRANT

                                                              NEW YORK, NEW YORK
                                                                OCTOBER 16, 2008

          AIR  METHODS CORPORATION (the "COMPANY"), a Delaware  corporation, for
value  received,  hereby  certifies  that PRUDENTIAL CAPITAL PARTNERS MANAGEMENT
FUND,  L.P.  or  its registered assigns is entitled to purchase from the Company
14,204.765  duly authorized, validly issued, fully paid and nonassessable shares
of  the  Company's common stock, par value $0.06 per share (the "ORIGINAL COMMON
STOCK"),  at an initial exercise price per share of $0.06 (the "INITIAL EXERCISE
PRICE"),  at  any  time  or from time to time after the date hereof and prior to
5:00 p.m., New York City time, on the later of (i) October 16, 2008 and (ii) the
date  on  or after October 16, 2008 which is 30 days after the date on which the
Company  has  sent  written  notification to the holder hereof that this Warrant
will  expire if not exercised (the "EXPIRATION DATE"), all subject to the terms,
conditions  and  adjustments  set  forth  below  in  this  Warrant.

          This  Warrant  is  one  of  the  Common  Stock  Purchase Warrants (the
"WARRANTS",  such  term to include all Warrants issued in substitution therefor)
originally  issued  in  connection with the issue and sale by the Company of the
Company's  12%  Senior Subordinated Notes due October 16, 2007, in the aggregate
principal  amount  of  $23,000,000  (the  "NOTES")  pursuant  to  that  certain
Securities  Purchase  Agreement,  dated  of  even  date  herewith (the "PURCHASE
AGREEMENT"),  between  the  Company,  Mercy  Air  Service,  Inc,  a  California
corporation,  ARCH  Air Medical Service, Inc., a Missouri corporation, and Rocky
Mountain  Holdings,  L.L.C.,  a  Delaware  limited liability company, on the one
hand,  and  Prudential  Capital  Partners,  L.P. and Prudential Capital Partners
Management  Fund, L.P., on the other hand (collectively, the "PURCHASERS").  The
term  "NOTES"  as  used herein shall include each Note delivered pursuant to any
provision  of  the Purchase Agreement and each Note delivered in substitution or
exchange  for any such Note pursuant to any such provision.  Certain capitalized
                                                             -------------------
terms  used  in  this  Warrant  are  defined  in  Section  13.
-------------------------------------------------------------

<PAGE>
     SECTION 1.     EXERCISE OF WARRANT.

          1A.     Manner  of  Exercise.  This  Warrant  may  be exercised by the
                  --------------------
holder hereof, in whole or in part, during normal business hours on any Business
Day  on  or  after  the  date  hereof  to  and including the Expiration Date, by
surrender of this Warrant, with the form of subscription at the end hereof (or a
reasonable  facsimile  thereof)  duly executed by such holder, to the Company at
its  principal  office  (or,  if  such  exercise  shall be in connection with an
underwritten  public  offering  of  shares of Common Stock (or Other Securities)
subject  to  this  Warrant, at the location at which the underwriters shall have
agreed  to accept delivery thereof), accompanied by payment (except as otherwise
provided  in  Section  1F), by wire transfer of immediately available funds to a
bank  account  designated  by the Company or by certified or official bank check
payable  to the order of the Company), in the amount obtained by multiplying (a)
the  number  of  shares  of  Original Common Stock (without giving effect to any
adjustment  therein)  designated  in  such  form  of  subscription by (b) $0.06.

          1B.     Adjustment to Number of Shares of Common Stock.  The number of
                  ----------------------------------------------
duly  authorized,  validly issued, fully paid and nonassessable shares of Common
Stock  which  the  holder of this Warrant shall be entitled to receive upon each
exercise  hereof  shall  be  determined  by  multiplying the number of shares of
Common  Stock  which  would  otherwise  (but for the provisions of Section 2) be
issuable  upon  such  exercise,  as  designated by the holder hereof pursuant to
Section  1A,  by  a  fraction  of  which  (x) the numerator is $0.06 and (y) the
denominator  is  the Exercise Price in effect on the date of such exercise.  The
"EXERCISE  PRICE"  shall  initially  be  $0.06  per share, shall be adjusted and
readjusted  from  time  to time as provided in Section 2 and, as so adjusted and
readjusted,  shall  remain  in effect until a further adjustment or readjustment
thereof  is  required  by  Section  2.

          1C.     When  Exercise Effective.  Each exercise of this Warrant shall
                  ------------------------
be  deemed  to  have  been  effected  and the Exercise Price shall be determined
immediately  prior  to  the  close of business (unless such exercise shall be in
connection  with  an  underwritten public offering of shares of Common Stock (or
Other Securities) subject to this Warrant, in which event concurrently with such
exercise)  on the Business Day on which this Warrant shall have been surrendered
to the Company as provided in Section 1A, and at such time the person or persons
in  whose  name  or  names  any certificate or certificates for shares of Common
Stock  (or Other Securities) shall be issuable upon such exercise as provided in
Section  1D  shall  be  deemed  to  have  become the holder or holders of record
thereof.

          1D.     Delivery  of  Stock  Certificates,  etc.  Promptly  after  the
                  ---------------------------------------
exercise  of  this  Warrant,  in whole or in part, and in any event within three
Business  Days  thereafter  (unless such exercise shall be in connection with an
underwritten  public  offering  of  shares of Common Stock (or Other Securities)
subject  to  this  Warrant, in which event concurrently with such exercise), the

                                      -2-
<PAGE>
Company  at  its expense will cause to be issued in the name of and delivered to
the  holder  hereof  or,  subject  to  Section  8,  as  such  holder may direct,

               (1)     a  certificate  or  certificates  for  the number of duly
     authorized,  validly  issued, fully paid and nonassessable shares of Common
     Stock  (or  Other  Securities)  to which such holder shall be entitled upon
     such  exercise,  and

               (2)     in  case  such exercise is in part only, a new Warrant or
     Warrants  of  like  tenor, specifying in the aggregate on the face or faces
     thereof  the  number of shares of Original Common Stock equal to the number
     of  such  shares  specified on the face of this Warrant minus the number of
     such  shares  designated  by  the  holder upon such exercise as provided in
     Section  1A.

          1E.     Fractional  Shares.  No fractional shares shall be issued upon
                  ------------------
exercise  of  this  Warrant  and no payment or adjustment shall be made upon any
exercise  on account of any cash dividends (except as provided in Section 2B) on
the  Common  Stock  or  Other  Securities  issued  upon  such  exercise.  If any
fractional  interest in a share of Common Stock would, except for the provisions
of  the  first  sentence of this Section 1E, be deliverable upon the exercise of
this  Warrant,  the  Company  shall,  in lieu of delivering the fractional share
therefor,  pay  to the holder exercising this Warrant an amount in cash equal to
the  Market  Price  of  such  fractional  interest.

          1F.     Cashless  Exercise.   As  an  alternative  to exercise of this
                  ------------------
Warrant  by  payment  by  wire  transfer  of  immediately available funds (or by
certified  or  official bank check), as provided above in Section 1A, the holder
of  this Warrant may exercise its right to purchase some or all of the shares of
Common  Stock  pursuant  to this Warrant, on a net basis without the exchange of
any  funds  (a  "CASHLESS  EXERCISE"), such that the holder hereof receives that
number  of  shares  of  Common Stock subscribed to pursuant to this Warrant less
that  number  of  shares of Common Stock, valued at Market Price, at the time of
exercise  equal  to  the aggregate Exercise Price that would otherwise have been
paid  by  the  holder  of  this  Warrant  for  such  shares  of  Common  Stock.

     SECTION 2.     PROTECTION AGAINST DILUTION OR OTHER IMPAIRMENT OF RIGHTS;
ADJUSTMENT OF EXERCISE PRICE.

          2A.     Issuance  of  Additional  Shares of Common Stock.  In case the
                  ------------------------------------------------
Company,  at  any time or from time to time after October 16, 2002 (the "INITIAL
DATE"),  shall  issue  or  sell  Additional  Shares  of  Common Stock (including
Additional  Shares of Common Stock deemed to be issued pursuant to Section 2C or
2D)  without consideration or for a consideration per share (determined pursuant
to  Section  2E) less than the Market Price in effect, in each case, on the date
of  and  immediately  prior  to such issue or sale, then, and in each such case,
subject  to  Section  2H, the Exercise Price shall be reduced, concurrently with
such  issue  or  sale,  to  a  price (calculated to the nearest .0001 of a cent)
determined  by  multiplying  such  Exercise  Price  by  a  fraction,

                                      -3-
<PAGE>
          (a)     the  numerator  of  which shall be (i) the number of shares of
     Common  Stock outstanding immediately prior to such issue or sale plus (ii)
                                                                       ----
     the  number  of  shares  of  Common Stock which the aggregate consideration
     received  by  the Company for the total number of such Additional Shares of
     Common  Stock  so  issued  or  sold would purchase at the Market Price, and

          (b)     the  denominator  of  which  shall  be the number of shares of
     Common  Stock  outstanding  immediately  after  such  issue  or  sale,

provided  that,  for  the purposes of this Section 2A, (x) immediately after any
--------
Additional  Shares  of  Common  Stock are deemed to have been issued pursuant to
Section  2C or 2D, such Additional Shares shall be deemed to be outstanding, and
(y)  treasury  shares  shall  not  be  deemed  to  be  outstanding.

          2B.     Extraordinary  Dividends  and  Distributions.  In  case  the
                  --------------------------------------------
Company  at  any  time or from time to time after the date hereof shall declare,
order,  pay  or  make  a  dividend  or  other  distribution  (including, without
limitation, any distribution of other or additional stock or other securities or
property  or  Options  by  way  of  dividend  or  spin-off,  reclassification,
recapitalization  or  similar  corporate  rearrangement  and  any  redemption or
acquisition  of  any such stock or Options on the Common Stock) other than (a) a
dividend  payable  in Additional Shares of Common Stock or in Options for Common
Stock  or  (b)  a  regular periodic dividend payable in cash and permitted to be
made  under  the Dividend Restrictions, then, and in each such case, the Company
shall pay over to the holder of this Warrant, on the date on which such dividend
or other distribution is paid to the holders of Common Stock, the securities and
other  property  (including  cash) which such holder would have received if such
holder  had exercised this Warrant immediately prior to the record date fixed in
connection  with  such  dividend  or  other  distribution.

          2C.     Treatment  of Options and Convertible Securities.  In case the
                  ------------------------------------------------
Company,  at  any  time or from time to time after the date hereof, shall issue,
sell,  grant  or  assume,  or  shall  fix a record date for the determination of
holders  of  any  class  of  securities  entitled  to  receive,  any  Options or
Convertible  Securities,  whether or not such Options or the right to convert or
exchange  any such Convertible Securities are immediately exercisable, then, and
in  each  such case, the maximum number of Additional Shares of Common Stock (as
set  forth  in the instrument relating thereto, without regard to any provisions
contained  therein for a subsequent adjustment of such number) issuable upon the
exercise  of  such Options or, in the case of Convertible Securities and Options
therefor,  issuable  upon  the  conversion  or  exchange  of  such  Convertible
Securities  (or  the  exercise  of  such  Options for Convertible Securities and
subsequent  conversion  or exchange of the Convertible Securities issued), shall
be  deemed to be Additional Shares of Common Stock issued as of the time of such

                                      -4-
<PAGE>
issue,  sale, grant or assumption or, in case such a record date shall have been
fixed,  as  of  the  close  of business on such record date, provided, that such
                                                             --------
Additional Shares of Common Stock shall not be deemed to have been issued unless
the  consideration  per share (determined pursuant to Section 2E) of such shares
would  be less than the Market Price in effect, in each case, on the date of and
immediately  prior to such issue, sale, grant or assumption or immediately prior
to  the  close of business on such record date or, if the Common Stock trades on
an  ex-dividend  basis,  on  the  date  prior to the commencement of ex-dividend
trading,  as  the  case  may be, and provided, further, that in any such case in
                                     --------  -------
which  Additional  Shares  of  Common  Stock  are  deemed  to  be  issued,

          (a)     if  an adjustment of the Exercise Price shall be made upon the
     fixing  of  a  record  date  as  referred  to in the first sentence of this
     Section  2C, no further adjustment of the Exercise Price shall be made as a
     result  of  the  subsequent  issue  or  sale  of any Options or Convertible
     Securities  for  the  purpose  of  which  such  record  date  was  set;

          (b)     no further adjustment of the Exercise Price shall be made upon
     the  subsequent  issue  or  sale  of  Additional  Shares of Common Stock or
     Convertible  Securities upon the exercise of such Options or the conversion
     or  exchange  of  such  Convertible  Securities;

          (c)     if  such  Options  or  Convertible  Securities  by their terms
     provide,  with  the  passage  of  time  or otherwise, for any change in the
     consideration payable to the Company, or change in the number of Additional
     Shares  of Common Stock issuable, upon the exercise, conversion or exchange
     thereof  (by change of rate or otherwise), the Exercise Price computed upon
     the  original  issue,  sale,  grant  or  assumption  thereof  (or  upon the
     occurrence  of  the  record  date with respect thereto), and any subsequent
     adjustments  based thereon, shall, upon any such change becoming effective,
     be recomputed to reflect such change insofar as it affects such Options, or
     the  rights  of  conversion  or exchange under such Convertible Securities,
     which  are  outstanding  at  such  time;

          (d)     upon  the  expiration  of any such Options or of the rights of
     conversion  or  exchange  under any such Convertible Securities which shall
     not  have  been exercised (or upon purchase by the Company and cancellation
     or retirement of any such Options which shall not have been exercised or of
     any  such Convertible Securities the rights of conversion or exchange under
     which  shall not have been exercised), the Exercise Price computed upon the
     original  issue,  sale, grant or assumption thereof (or upon the occurrence
     of  the  record  date with respect thereto), and any subsequent adjustments
     based  thereon,  shall,  upon  such  expiration  (or  such  cancellation or
     retirement,  as  the  case  may  be),  be  recomputed  as  if:

                                      -5-
<PAGE>
               (i)     in the case of Options for Common Stock or in the case of
          Convertible  Securities,  the  only  Additional Shares of Common Stock
          issued  or  sold (or deemed issued or sold) were the Additional Shares
          of  Common Stock, if any (and without duplication), actually issued or
          sold  upon  the exercise of such Options or the conversion or exchange
          of such Convertible Securities and the consideration received therefor
          was  (x)  in  the case of Options for Common Stock, an amount equal to
          (A)  the consideration actually received by the Company for the issue,
          sale,  grant  or  assumption  of  all  such  Options,  whether  or not
          exercised, plus (B) the consideration actually received by the Company
                     ----
          upon  such  exercise,  minus (C) the consideration paid by the Company
                                 -----
          for  any  purchase of such Options which were not exercised, or (y) in
          the  case  of  Convertible  Securities,  an  amount  equal  to (A) the
          consideration  actually  received  by the Company for the issue, sale,
          grant  or  assumption  of  all  such Convertible Securities which were
          actually  converted  or  exchanged,  plus  (B)  the  additional
                                               ----
          consideration,  if  any,  actually  received  by the Company upon such
          conversion  or  exchange,  minus  (C)  the  excess,  if  any,  of  the
                                     -----
          consideration paid by the Company for any purchase of such Convertible
          Securities,  the rights of conversion or exchange under which were not
          exercised, over an amount that would be equal to the Fair Value of the
          Convertible  Securities  so  purchased  if such Convertible Securities
          were  not  convertible  into  or exchangeable for Additional Shares of
          Common  Stock,  and

               (ii)     in  the case of Options for Convertible Securities, only
          the  Convertible  Securities, if any, actually issued or sold upon the
          exercise  of  such Options were issued at the time of the issue, sale,
          grant or assumption of such Options, and the consideration received by
          the  Company  for the Additional Shares of Common Stock deemed to have
          then been issued was an amount equal to (x) the consideration actually
          received  by  the  Company for the issue, sale, grant or assumption of
          all such Options, whether or not exercised, plus (y) the consideration
                                                      ----
          deemed  to  have been received by the Company (pursuant to Section 2E)
          upon  the  issue or sale of the Convertible Securities with respect to
          which  such  Options  were  actually  exercised,  minus  (z)  the
                                                            -----
          consideration  paid  by  the  Company for any purchase of such Options
          which  were  not  exercised;  and

          (e)     no recomputation pursuant to subsection (c) or (d) above shall
     have  the  effect  of  increasing  the  Exercise Price then in effect by an
     amount in excess of the amount of the adjustment thereof originally made in
     respect  of  the  issue,  sale,  grant  or  assumption  of  such Options or
     Convertible  Securities.

          2D.     Treatment  of Stock Dividends, Stock Splits, Etc.  In case the
                  ------------------------------------------------
Company,  at  any time or from time to time after the date hereof, shall declare
or  pay  any  dividend  or  other distribution on any class of securities of the
Company  payable in shares of Common Stock, or shall effect a subdivision of the

                                      -6-
<PAGE>
outstanding  shares  of  Common  Stock into a greater number of shares of Common
Stock  (by reclassification or otherwise than by payment of a dividend in Common
Stock),  then, and in each such case, Additional Shares of Common Stock shall be
deemed  to  have  been  issued  (a)  in  the  case of any such dividend or other
distribution, immediately after the close of business on the record date for the
determination  of  holders  of  any class of securities entitled to receive such
dividend  or  other distribution, or (b) in the case of any such subdivision, at
the  close  of  business on the day immediately prior to the day upon which such
corporate  action  becomes  effective.

          2E.     Computation  of  Consideration.  For  the  purposes  of  this
                  ------------------------------
Warrant:

          (a)     The  consideration  for  the  issue  or sale of any Additional
     Shares  of  Common Stock or for the issue, sale, grant or assumption of any
     Options or Convertible Securities, irrespective of the accounting treatment
     of  such  consideration,

               (i)     insofar  as it consists of cash, shall be computed as the
          amount  of cash received by the Company, and insofar as it consists of
          securities  or  other  property,  shall  be  computed  as  of the date
          immediately  preceding  such  issue,  sale, grant or assumption as the
          Fair  Value  of  such  consideration  (or,  if  such  consideration is
          received  for  the  issue or sale of Additional Shares of Common Stock
          and  the  Market  Price  thereof  is  less than the Fair Value of such
          consideration, then such consideration shall be computed as the Market
          Price of such Additional Shares of Common Stock), in each case without
          deducting  any  expenses  paid  or  incurred  by  the  Company,  any
          commissions  or  compensation paid or concessions or discounts allowed
          to  underwriters, dealers or others performing similar services or any
          accrued  interest  or dividends in connection with such issue or sale,
          and

               (ii)     in  case Additional Shares of Common Stock are issued or
          sold or Options or Convertible Securities are issued, sold, granted or
          assumed together with other stock or securities or other assets of the
          Company for a consideration which covers both, shall be the proportion
          of  such consideration so received, computed as provided in clause (i)
          above,  allocable to such Additional Shares of Common Stock or Options
          or  Convertible  Securities,  as the case may be, all as determined in
          good  faith  by  the  Board  of  Directors  or  the  Company.

          (b)     All  Additional Shares of Common Stock, Options or Convertible
     Securities  issued  in payment of any dividend or other distribution on any
     class  of  stock  of  the Company and all Additional Shares of Common Stock
     issued  to  effect  a subdivision of the outstanding shares of Common Stock
     into  a  greater  number  of shares of Common Stock (by reclassification or
     otherwise than by payment of a dividend in Common Stock) shall be deemed to
     have  been  issued  without  consideration.

                                      -7-
<PAGE>
          (c)     Additional  Shares  of Common Stock deemed to have been issued
     for  consideration  pursuant  to  Section  2C,  relating  to  Options  and
     Convertible  Securities,  shall  be  deemed  to  have  been  issued  for  a
     consideration  per  share  determined  by  dividing

               (i)     the  total amount, if any, received and receivable by the
          Company  as  consideration for the issue, sale, grant or assumption of
          the  Options  or  Convertible Securities in question, plus the minimum
          aggregate  amount  of  additional  consideration  (as set forth in the
          instruments  relating  thereto,  without  regard  to  any  provision
          contained  therein  for a subsequent adjustment of such consideration)
          payable  to  the  Company upon the exercise in full of such Options or
          the  conversion  or exchange of such Convertible Securities or, in the
          case  of  Options  for  Convertible  Securities,  the exercise of such
          Options  for  Convertible Securities and the conversion or exchange of
          such Convertible Securities, in each case computing such consideration
          as  provided  in  the  foregoing  subsection  (a),

     by

               (ii)     the  maximum  number  of  shares of Common Stock (as set
          forth  in  the  instruments  relating  thereto,  without regard to any
          provision  contained  therein  for  a  subsequent  adjustment  of such
          number)  issuable  upon the exercise of such Options or the conversion
          or  exchange  of  such  Convertible  Securities.

          2F.     Adjustments  for  Combinations,  Etc.  In case the outstanding
                  ------------------------------------
shares of Common Stock shall be combined or consolidated, by reclassification or
otherwise, into a lesser number of shares of Common Stock, the Exercise Price in
effect  immediately  prior  to  such  combination  or  consolidation  shall,
concurrently  with  the  effectiveness  of such combination or consolidation, be
proportionately  increased.

          2G.     Dilution  in  Case  of  Other  Securities.  In  case any Other
                  -----------------------------------------
Securities shall be issued or sold or shall become subject to issue or sale upon
the conversion or exchange of any stock (or Other Securities) of the Company (or
any issuer of Other Securities or any other Person referred to in Section 2I) or
to subscription, purchase or other acquisition pursuant to any Options issued or
granted  by the Company (or any such other issuer or Person) for a consideration
such  as  to  dilute  the  exercise rights granted by this Warrant on a basis to
which  the  other  provisions  of this Section 2 do not apply, then, and in each
such  case, the computations, adjustments and readjustments provided for in this
Warrant  with  respect to the Exercise Price shall be made as nearly as possible
in  the  manner  so  provided  and  applied  to  determine  the  amount of Other
Securities from time to time receivable upon the exercise of this Warrant, so as
to  protect  the  holder  of  this  Warrant against the effect of such dilution.

                                      -8-
<PAGE>
          2H.     Minimum  Adjustment  of  Exercise Price.  If the amount of any
                  ---------------------------------------
adjustment  of  the  Exercise  Price  required  hereunder would be less than one
percent of the Exercise Price in effect at the time such adjustment is otherwise
so required to be made, such amount shall be carried forward and adjustment with
respect  thereto made at the time of and together with any subsequent adjustment
which,  together  with  such  amount  and any other amount or amounts so carried
forward,  shall aggregate at least one percent of such Exercise Price; provided,
                                                                       --------
that  upon the exercise of this Warrant, all adjustments carried forward and not
theretofore  made up to and including the date of such exercise shall be made to
the  nearest  .0001  of  a  cent.

          2I.     Changes  in  Common  Stock.  In  case  at any time the Company
                  --------------------------
shall  be  a  party to any transaction (including, without limitation, a merger,
consolidation,  sale  of  all  or  substantially  all  of  the Company's assets,
liquidation  or  recapitalization  of  the Common Stock) in which the previously
outstanding  Common  Stock  shall  be  changed  into  or exchanged for different
securities  of  the  Company  or  common  stock  or  other securities of another
corporation  or  interests in a noncorporate entity or other property (including
cash),  or any combination of any of the foregoing, or in which the Common Stock
ceases  to  be  a  publicly  traded security either listed on the New York Stock
Exchange  or the American Stock Exchange or quoted by the Nasdaq National Market
or  any  successor  thereto  or  comparable  system (each such transaction being
herein  called  the  "TRANSACTION",  and  any Transaction that has not been duly
approved  by a majority of the members of the Company's board of directors as of
the  date  hereof  together  with  such  directors  as have been approved by the
Company's  board of directors as of the date hereof, or other directors approved
by them (each such Transaction being herein called a "HOSTILE TRANSACTION"), the
date  on  which  the  Transaction  is first announced to the public being herein
called  the  "ANNOUNCEMENT  DATE",  the  date of consummation of the Transaction
being  herein  called  the  "CONSUMMATION  DATE",  the Company (in the case of a
recapitalization  of the Common Stock or any other such transaction in which the
Company  retains  substantially all of its assets and survives as a corporation)
or such other corporation or entity (in each other case) being herein called the
"ACQUIRING COMPANY", and the common stock (or equivalent equity interest) of the
Acquiring Company being herein called the "ACQUIRER'S COMMON STOCK", except that
if  the  Acquiring  Company  shall  not  meet  the  requirements  set  forth  in
subsections  (d),  (e)  and  (f)  below  and  a  corporation  which  directly or
indirectly  controls the Acquiring Company (a "PARENT") meets such requirements,
"Acquiring  Company"  shall  refer  to such Parent and "Acquirer's Common Stock"
shall  refer  to  such  Parent's common stock (or equivalent equity interests)),
then, as a condition of the consummation of the Transaction, lawful and adequate
provisions  (in  form  reasonably satisfactory to the Required Holders) shall be
made  so  that  the  holder of this Warrant, (X) solely in the case of a Hostile
Transaction,  upon  the exercise hereof at any time on or after the Consummation
Date  (but subject, in the case of an election pursuant to subsection (b) or (c)
below,  to  the  time  limitation  hereinafter  provided  for  such  election),

                                      -9-
<PAGE>
          (a)     shall  be  entitled  to  receive,  and  this  Warrant  shall
     thereafter  represent  the  right  to  receive, in lieu of the Common Stock
     issuable  upon  such exercise prior to the Consummation Date, shares of the
     Acquirer's  Common Stock at an Exercise Price per share equal to the lesser
     of  (i)  the Exercise Price in effect immediately prior to the Consummation
     Date  multiplied  by  a fraction the numerator of which is the Market Price
     per  share of the Acquirer's Common Stock determined as of the Consummation
     Date  and  the  denominator  of  which is the Market Price per share of the
     Common  Stock  determined  as  of the Consummation Date, or (ii) the Market
     Price  per  share  of  the  Acquirer's  Common  Stock  determined as of the
     Consummation  Date  (subject in each case to adjustments from and after the
     Consummation  Date  as  nearly  equivalent  as  possible to the adjustments
     provided  for  in  this  Warrant),

     or  at  the election of the holder of this Warrant pursuant to notice given
     to  the  Company  within  six  months  after  the  Consummation  Date,

          (b)     shall  be  entitled  to  receive,  and  this  Warrant  shall
     thereafter  represent the right to receive, in lieu of each share of Common
     Stock  issuable  upon  such exercise prior to the Consummation Date, either
     (i)  the greatest amount of cash, securities or other property given to any
     stockholder  in  consideration  for  any  share of Common Stock at any time
     during the period from and after the Announcement Date to and including the
     Consummation Date by the Acquiring Company, the Company or any Affiliate of
     either  thereof,  or  (ii)  the  Market  Price per share for the Acquirer's
     Common Stock, determined as of the day within the period from and after the
     Announcement  Date  to  and  including  the Consummation Date for which the
     amount  determined as provided in the definition of Market Price shall have
     been  the  greatest,

     or,  if neither the Acquiring Company nor the Parent meets the requirements
     set  forth  in  subsections  (d), (e) and (f) below, at the election of the
     holder  of  this Warrant pursuant to notice given to the Company within six
     months  after  the  Consummation  Date,

          (c)     shall  be  entitled  to  receive,  within  30  days after such
     election,  in  full satisfaction of the exercise rights afforded under this
     Warrant  to the holder thereof, an amount equal to the fair market value of
     such  exercise  rights  as  determined  by an independent investment banker
     (with  an established national reputation as a valuer of equity securities)
     selected  by  the  Required  Holders with the approval of the Company, such
     fair  market  value  to  be determined with regard to all material relevant
     factors  but  without  regard  to any negative effects on such value of the
     Transaction,

and (Y) in the case of any Transaction other than a Hostile Transaction, shall
be entitled to receive upon the exercise hereof at any time prior to the
Consummation Date any of the following at the election of the holder of this
Warrant made on or prior to the Consummation Date:

                                      -10-
<PAGE>
          (a)     the  Common  Stock  issuable  upon  such  exercise;

          (b)     in  lieu  of  each  share  of  Common Stock issuable upon such
     exercise  prior to the Consummation Date, either (i) the greatest amount of
     cash,  securities  or  other  property  given  to  any  stockholder  in
     consideration  for  any share of Common Stock at any time during the period
     from and after the Announcement Date to and including the Consummation Date
     by  the  Acquiring Company, the Company or any Affiliate of either thereof,
     or  (ii)  the  Market  Price  per  share  for  the Acquirer's Common Stock,
     determined  as of the day within the period from and after the Announcement
     Date to and including the Consummation Date for which the amount determined
     as provided in the definition of Market Price shall have been the greatest;

     or,  if neither the Acquiring Company nor the Parent meets the requirements
     set  forth  in  subsections  (d),  (e)  and  (f)  below,

          (c)     in  full  satisfaction  of  the exercise rights afforded under
     this  Warrant  to  the  holder  thereof, an amount equal to the fair market
     value  of  such  exercise rights as determined by an independent investment
     banker  (with  an  established  national  reputation  as a valuer of equity
     securities)  selected  by  the  Required  Holders  with the approval of the
     Company,  such  fair  market  value  to  be  determined  with regard to all
     material  relevant  factors.

In any election by the holder of this Warrant under subsection (b)(ii) of either
of clauses (X) and (Y) of this Section 2I, the number of shares of the
Acquirer's Common Stock purchasable upon the exercise or conversion of this
Warrant shall be deemed to be such as shall result from adjustments thereto that
would have been required if an election had been made under subsection (a) of
clause (X) of this Section 2I.

The  Company  agrees to obtain, and deliver to each holder of Warrants a copy of
the  determination of an independent investment banker (selected by the Required
Holders  pursuant  to subsection (c) of clauses (X) or (Y) above, as applicable)
necessary  to permit elections under subsection (c) of clauses (X) or (Y) above,
as  applicable, within 15 days after the Consummation Date of any Transaction to
which  subsection  (c)  of  clauses  (X)  or  (Y),  as  applicable,  applies.

In the case of any Transaction other than a Hostile Transaction, to the extent
that the holder of this Warrant shall not already have exercised this Warrant in
full at the time immediately prior to the consummation of such Transaction, then
the unexercised portion of this Warrant will be deemed to have been exercised at
such time and the holder of this Warrant shall be deemed to have elected from
subsection (b) of clause (Y).

                                      -11-
<PAGE>
          The requirements referred to above applicable to the Acquiring Company
or its Parent are that, immediately after the Consummation Date:

          (d)     it  is  a solvent corporation organized, under the laws of any
     state  of  the  United States of America, having its common stock listed on
     the New York Stock Exchange or the American Stock Exchange or quoted by the
     Nasdaq  National  Market or any successor thereto or comparable system, and
     such  common  stock  continues to meet the requirements for such listing or
     quotation,

          (e)     it  is required to file, and in each of its three fiscal years
     immediately  preceding  the  Consummation  Date has filed, reports with the
     Commission  pursuant  to  Section  13  or  15(d)  of  the Exchange Act, and

          (f)     in  the case of the Parent, such Parent is required to include
     the Acquiring Company in the consolidated financial statements contained in
     the Parent's Annual Report on Form 10-K as filed with the Commission and is
     not  itself  included in the consolidated financial statements of any other
     Person  (other  than  its  consolidated  subsidiaries).

Notwithstanding anything contained herein to the contrary, the Company shall not
effect any Transaction unless prior to the consummation thereof each corporation
or  entity  (other  than  the  Company)  which  may  be  required to deliver any
securities  or  other  property  upon  the exercise of Warrants shall assume, by
written  instrument  delivered  to  each  holder  of Warrants, the obligation to
deliver  to  such  holder  such  securities  or  other  property as to which, in
accordance  with  the  foregoing  provisions,  such holder may be entitled, and,
solely  in  the  case of a Hostile Transaction, such corporation or entity shall
have  similarly  delivered  to each holder of Warrants an opinion of counsel for
such  corporation  or  entity,  satisfactory  to  each holder of Warrants, which
opinion  shall state that all the outstanding Warrants shall thereafter continue
in  full  force  and effect and shall be enforceable against such corporation or
entity in accordance with the terms hereof and thereof, and addresses such other
matters  as  such  holders  may  reasonably  request.

          2J.     Certain Issues Excepted.  Anything herein to the contrary
                  -----------------------
notwithstanding, the Company shall not be required to make any adjustment of the
Exercise Price in the case of (i) the issuance of the Warrants and the issuance
of shares of Common Stock issuable upon exercise of the Warrants, (ii) any
issuance of shares of Common Stock upon the exercise by the holder hereof of the
preemptive rights provided in Section 10 of the Stockholders' Agreement or (iii)
the issuance of up to 1,000,000 shares of Common Stock upon the purchase thereof
by Company employees under an employee stock purchase plan or the exercise of
options granted pursuant to stock option plans for employees and directors of
the Company, in each case adopted by the Company's board of directors prior to
or after the date of this Warrant, provided that if any such options shall

                                      -12-
<PAGE>
expire or terminate, in whole or in part, without having been exercised in full,
the shares of Common Stock not acquired under such options shall be added to the
number of shares of Common Stock subject to this clause (iii)  (any adjustment
or issuance referred to in this Section 2J, a "PERMITTED EVENT").

          2K.     Notice  of  Adjustment.  Upon  the  occurrence  of  any  event
                  ----------------------
requiring  an  adjustment  of the Exercise Price, then and in each such case the
Company  shall  promptly  deliver  to  the  holder  of this Warrant an Officer's
Certificate  stating  the  Exercise Price resulting from such adjustment and the
increase  or  decrease, if any, in the number of shares of Common Stock issuable
upon the exercise of this Warrant, setting forth in reasonable detail the method
of  calculation  and  the  facts  upon  which  such  calculation  is  based.

          2L.     Other Notices.  In case at any time:
                  -------------

          (a)     the  Company  shall declare to the holders of Common Stock any
     dividend  other  than a regular periodic cash dividend or any periodic cash
     dividend  in  excess of 115% of the cash dividend for the comparable fiscal
     period  in  the  immediately  preceding  fiscal  year;

          (b)     the  Company  shall  declare  or  pay any dividend upon Common
     Stock  payable  in stock or make any special dividend or other distribution
     (other  than  regular  cash  dividends)  to  the  holders  of Common Stock;

          (c)     the  Company  shall  offer  for  subscription  pro rata to the
     holders  of  Common  Stock  any  additional shares of stock of any class or
     other  rights;

          (d)     there shall be any capital reorganization, or reclassification
     of  the  capital  stock  of  the Company, or consolidation or merger of the
     Company with, or sale of all or substantially all of its assets to, another
     corporation  or  other  entity;

          (e)     there  shall  be  a  voluntary  or  involuntary  dissolution,
     liquidation  or  winding-up  of  the  Company;

          (f)     there shall be made any tender offer for any shares of capital
     stock  of  the  Company;  or

          (g)     there shall be any other Transaction;

then,  in any one or more of such cases, the Company shall give to the holder of
this  Warrant  (i) at least 20 days prior to any event referred to in subsection
(a), (b), (c), (d) or (e) above, and within 5 days after it has knowledge of any
pending  tender  offer or other Transaction, written notice of the date on which

                                      -13-
<PAGE>
the  books  of  the  Company  shall  close  or  a record shall be taken for such
dividend,  distribution or subscription rights or for determining rights to vote
in  respect of any such reorganization, reclassification, consolidation, merger,
sale,  dissolution,  liquidation, winding-up or Transaction or the date by which
stockholders  must tender shares in any tender offer and (ii) in the case of any
such reorganization, reclassification, consolidation, merger, sale, dissolution,
liquidation,  winding-up or tender offer or Transaction known to the Company, at
least  20  days  prior  written  notice  of  the  date (or, if not then known, a
reasonable approximation thereof by the Company) when the same shall take place.
Such  notice  in accordance with the foregoing clause (i) shall also specify, in
the  case of any such dividend, distribution or subscription rights, the date on
which  the holders of Common Stock shall be entitled thereto, and such notice in
accordance  with  the foregoing clause (ii) shall also specify the date on which
the holders of Common Stock shall be entitled to exchange their Common Stock for
securities  or  other  property  deliverable  upon  such  reorganization,
reclassification,  consolidation,  merger,  sale,  dissolution,  liquidation,
winding-up,  tender offer or Transaction, as the case may be.  Such notice shall
also  state  that  the  action  in question or the record date is subject to the
effectiveness  of  a  registration  statement  under  the Securities Act or to a
favorable  vote  of  security  holders,  if  either  is  required.

          2M.     Certain  Events.  If  any  event  occurs as to which the other
                  ---------------
provisions of this Warrant are not strictly applicable or if strictly applicable
would  not  fairly protect the exercise rights of the holders of this Warrant in
accordance  with  the  essential intent and principles of such provisions, then,
notwithstanding any limitation on amendments or other modifications set forth in
any  of  the  Transaction  Documents  to the contrary, the terms of this Warrant
shall  be adjusted by the Company and the Required Holders on a basis consistent
with  such  essential  intent  and  principles,  necessary  to preserve, without
dilution,  the  rights  of  the  holders of the Warrants; provided, that no such
                                                          --------
adjustment  shall  have the effect of increasing the Exercise Price as otherwise
determined  pursuant  to  this Warrant.  The Company may make such reductions in
the  Exercise Price as it deems advisable, including any reductions necessary to
ensure  that any event treated for federal income tax purposes as a distribution
of stock or stock rights not be taxable to recipients.  Notwithstanding anything
to the contrary in this Warrant, the amount of consideration per share of Common
Stock paid upon any exercise of this Warrant (whether such consideration is paid
in  cash  or  pursuant  to  Section  1F) pursuant to Section 1A and after giving
effect  to  the  adjustment  in the number of shares of Common Stock pursuant to
Section  1B  shall  not be less than the then applicable par value of the Common
Stock;  provided  that, in the event the consideration per share of Common Stock
        --------
paid  upon  exercise  of  this  Warrant  shall  be  higher  as  a  result of the
application  of  this sentence (the extent to which such consideration per share
is  higher  multiplied  by  the  number of shares for which this Warrant is then
            --------------
exercisable  being  referred  to  as  the  "ADDITIONAL CONSIDERATION"), then the
number  of shares for which this Warrant is then exercisable shall automatically
be increased such that the value of such additional shares, net of the par value
required  to  be  paid  therefor,  shall  equal  the  value  of  the  Additional
Consideration.

                                      -14-
<PAGE>
          2N.     Prohibition  of  Certain  Actions.  The  Company  will not, by
                  ---------------------------------
amendment  of  its  certificate  of incorporation or through any reorganization,
transfer  of  assets,  consolidation,  merger,  dissolution,  issue  or  sale of
securities  or any other voluntary action, avoid or seek to avoid the observance
or  performance of any of the terms to be observed or performed hereunder by the
Company,  but  will at all times in good faith assist in the carrying out of all
the  provisions  of  this  Warrant  and  in the taking of all such action as may
reasonably  be  requested  by the holder of this Warrant in order to protect the
exercise  privilege  of  the  holder  of  this Warrant against dilution or other
impairment,  consistent  with  the  tenor  and purpose of this Warrant.  Without
limiting  the generality of the foregoing, the Company (a) will not increase the
par  value  of  any  shares of Common Stock receivable upon the exercise of this
Warrant  above  the Exercise Price then in effect, (b) will take all such action
as  may  be  necessary  or appropriate in order that the Company may validly and
legally  issue  fully  paid  and  nonassessable  shares of Common Stock upon the
exercise  of  all  Warrants from time to time outstanding, (c) will not take any
action which results in any adjustment of the Exercise Price if the total number
of shares of Common Stock or Other Securities issuable after the action upon the
exercise  of  all  of  the  Warrants  would exceed the total number of shares of
Common Stock or Other Securities then authorized by the Company's certificate of
incorporation  and  available for the purpose of issue upon such conversion, and
(d)  will  not  issue any capital stock of any class which has the right to more
than  one vote per share or any capital stock of any class which is preferred as
to  dividends  or as to the distribution of assets upon voluntary or involuntary
dissolution, liquidation or winding up, unless the rights of the holders thereof
shall  be  limited  to  a  fixed  sum or percentage (or floating rate related to
market  yields)  of  par  value  or  stated value in respect of participation in
dividends and a fixed sum or percentage of par value or stated value in any such
distribution  of  assets.

     SECTION 3.     STOCK TO BE RESERVED.  The Company will at all times reserve
and keep available out of the authorized Common Stock, solely for the purpose of
issue  upon  the  exercise  of  the  Warrants as herein provided, such number of
shares  of  Common  Stock  as  shall  then  be issuable upon the exercise of all
outstanding  Warrants,  and  the  Company  will  maintain at all times all other
rights  and  privileges  sufficient  to enable it to fulfill all its obligations
hereunder.  The Company covenants that all shares of Common Stock which shall be
so issuable shall, upon issuance, be duly authorized, validly issued, fully paid
and  nonassessable,  free  from  preemptive or similar rights on the part of the
holders of any shares of capital stock or securities of the Company or any other
Person,  and  free  from  all taxes, liens and charges with respect to the issue
thereof (not including any income taxes payable by the holders of Warrants being
exercised  in respect of gains thereon), and the Exercise Price will be credited
to  the  capital  and  surplus  of  the Company.  The Company will take all such
action  as may be necessary to assure that such shares of Common Stock may be so
issued  without  violation  of  any  applicable  law  or  regulation,  or of any
applicable  requirements of the National Association of Securities Dealers, Inc.
and  of  any  domestic  securities  exchange  upon which the Common Stock may be
listed.

                                      -15-
<PAGE>
     SECTION 4.     REGISTRATION OF COMMON STOCK.  If any shares of Common Stock
required  to  be  reserved  for  purposes  of  the  exercise of Warrants require
registration with or approval of any governmental authority under any federal or
state  law  (other than the Securities Act, registration under which is governed
by  the  Stockholders'  Agreement),  before  such  shares may be issued upon the
exercise  thereof,  the  Company  will,  at  its expense and as expeditiously as
possible,  use  its  best  efforts to cause such shares to be duly registered or
approved,  as the case may be.  Shares of Common Stock issuable upon exercise of
the  Warrants  shall  be  registered  by the Company under the Securities Act or
similar  statute  then  in  force if required by the Stockholders' Agreement and
subject  to  the  conditions  stated in such agreement.  At any such time as the
Common  Stock  is  listed  on  any national securities exchange or quoted by the
Nasdaq  National  Market  or any successor thereto or any comparable system, the
Company  will, at its expense, obtain promptly and maintain the approval for the
listing  on  each  such exchange or the quoting by the Nasdaq National Market or
such  successor  thereto or comparable system, upon official notice of issuance,
of  the  shares  of  Common Stock issuable upon exercise of the then outstanding
Warrants and maintain the listing or quoting of such shares after their issuance
so  long  as  the Common Stock is so listed or quoted; and the Company will also
cause  to  be  so listed or quoted, will maintain such listing or quoting of and
will  obtain  any  required  registration  with  or approval of any governmental
authority  under  any  federal  or  state  law  (other  than the Securities Act,
registration  under  which  is  governed  by  the  Stockholders' Agreement) with
respect  to  any Other Securities that at any time are issuable upon exercise of
the  Warrants, if and at the time that any securities of the same class shall be
listed  on  such  national  securities  exchange  by  the  Company.

     SECTION  5.     ISSUE  TAX.  The  issuance  of  certificates  for shares of
Common  Stock  upon exercise of this Warrant shall be made without charge to the
holders  hereof  for  any  issuance  tax  in  respect  thereto.

     SECTION  6.     CLOSING  OF  BOOKS.  The  Company will at no time close its
transfer  books  against  the  transfer of any Warrant or of any share of Common
Stock  issued  or  issuable upon the exercise of any Warrant in any manner which
interferes  with  the  timely  exercise  of  such  Warrant.

     SECTION  7.     NO  RIGHTS  OR  LIABILITIES  AS STOCKHOLDERS.  This Warrant
shall  not  entitle  the holder thereof to any of the rights of a stockholder of
the  Company,  except  as  expressly  contemplated herein.  No provision of this
Warrant,  in  the  absence of the actual exercise of such Warrant and receipt by
the  holder  thereof  of  Common Stock issuable upon such conversion, shall give
rise  to  any  liability  on  the  part  of  such holder as a stockholder of the
Company, whether such liability shall be asserted by the Company or by creditors
of  the  Company.

     SECTION  8.     RESTRICTIVE LEGENDS.  Except as otherwise permitted by this
Section 8, each Warrant originally issued and each Warrant issued upon direct or
indirect  transfer or in substitution for any Warrant pursuant to this Section 8
shall  be  stamped  or  otherwise  imprinted  with a legend in substantially the
following  form:

                                      -16-
<PAGE>
     "This  Warrant  and any shares acquired upon the exercise of this
     Warrant have not been registered under the Securities Act of 1933
     and may not be transferred in the absence of such registration or
     an  exemption  therefrom  under  such  Act."

Except as otherwise permitted by this Section 8, (a) each certificate for Common
Stock  (or  Other  Securities)  issued upon the exercise of any Warrant, and (b)
each  certificate issued upon the direct or indirect transfer of any such Common
Stock  (or  Other  Securities)  shall  be  stamped or otherwise imprinted with a
legend  in  substantially  the  following  form:

     "The  shares  represented  by  this  certificate  have  not  been
     registered  under  the  Securities  Act  of  1933  and may not be
     transferred  in  the absence of such registration or an exemption
     therefrom  under  such  Act."

The  holder  of  any Restricted Securities shall be entitled to receive from the
Company,  without  expense,  new  securities  of  like  tenor  not  bearing  the
applicable  legend  set forth above in this Section 8 when such securities shall
have been (a) effectively registered under the Securities Act and disposed of in
accordance  with the registration statement covering such Restricted Securities,
(b)  sold  to  the  public pursuant to Rule 144 or any comparable rule under the
Securities  Act,  or (c) when, in the opinion of independent counsel of national
reputation  for  the  holder thereof experienced in Securities Act matters, such
restrictions  are  no  longer  required  in  order to insure compliance with the
Securities  Act.  The  Company will pay the reasonable fees and disbursements of
counsel  for any holder of Restricted Securities in connection with all opinions
rendered  pursuant  to  this  Section  8.

     SECTION  9.     AVAILABILITY  OF  INFORMATION.  The  Company will cooperate
with  each  holder of any Restricted Securities in supplying such information as
may  be necessary for such holder to complete and file any information-reporting
forms  presently  or  hereafter required by the Commission as a condition to the
availability  of  an  exemption  from  the  Securities  Act  for the sale of any
Restricted  Securities.  The  Company  will furnish to each registered holder of
any  Warrants,  promptly  upon their becoming available, copies of all financial
statements,  reports,  notices  and  proxy  statements  sent  or  made available
generally  by  the  Company  to  its stockholders, and copies of all regular and
periodic  reports  filed by the Company with any securities exchange or with the
Commission.

     SECTION  10.     INFORMATION REQUIRED BY RULE 144A.  The Company will, upon
the  request  of  the  holder  of  this  Warrant,  provide  such holder, and any
qualified  institutional  buyer  designated  by  such holder, such financial and
other  information  as  such  holder may reasonably determine to be necessary in
order  to permit compliance with the information requirements of Rule 144A under
the  Securities  Act  in  connection with the resale of Warrants, except at such

                                      -17-
<PAGE>
times  as  the Company is subject to the reporting requirements of Section 13 or
15(d)  of  the  Exchange  Act.  For  the  purpose  of  this Section 10, the term
"qualified  institutional  buyer"  shall have the meaning specified in Rule 144A
under  the  Securities  Act.

     SECTION 11.     STOCKHOLDERS' AGREEMENT. The holder of this Warrant and the
holders  of  any securities issued or issuable upon the exercise hereof are each
entitled  to  the  benefits  of  the  Stockholders'  Agreement.

     SECTION 12.     OWNERSHIP, TRANSFER AND SUBSTITUTION OF WARRANTS.

          12A.     Ownership  of Warrants.  Except as otherwise required by law,
                   ----------------------
the  Company may treat the Person in whose name any Warrant is registered on the
register  kept  at  the  principal office of the Company as the owner and holder
thereof  for  all purposes, notwithstanding any notice to the contrary.  Subject
to  Section 8, a Warrant, if properly assigned, may be exercised by a new holder
without  first  having  a  new  Warrant  issued.

          12B.     Transfer and Exchange of Warrants.  Upon the surrender of any
                   ---------------------------------
Warrant,  properly endorsed, for registration of transfer or for exchange at the
principal  office  of  the  Company, the Company at its expense will (subject to
compliance  with  Section  8,  if applicable) execute and deliver to or upon the
order of the holder thereof a new Warrant or Warrants of like tenor, in the name
of  such holder or as such holder (upon payment by such holder of any applicable
transfer  taxes)  may  direct,  calling  in  the  aggregate on the face or faces
thereof for the number of shares of Original Common Stock called for on the face
or  faces  of  the  Warrant  or  Warrants  so  surrendered.

          12C.     Replacement of Warrants.  Upon receipt of evidence reasonably
                   -----------------------
satisfactory to the Company of the loss, theft, destruction or mutilation of any
Warrant  and,  in the case of any such loss, theft or destruction of any Warrant
held  by  a  Person  other  than  the  Purchaser, upon delivery of its unsecured
indemnity or, in the case of any such mutilation, upon surrender of such Warrant
for  cancellation  at  the  principal  office of the Company, the Company at its
expense  will execute and deliver, in lieu thereof, a new Warrant of like tenor.

                                      -18-
<PAGE>
     SECTION  13.     DEFINITIONS.  As used herein, unless the context otherwise
requires,  the  following  terms  have  the  following  respective  meanings:

          "ACQUIRING COMPANY" shall have the meaning specified in Section 2I.

          "ACQUIRER'S COMMON STOCK" shall have the meaning specified in Section
2I.

          "ADDITIONAL  SHARES  OF COMMON STOCK" shall mean all shares (including
treasury shares) of Common Stock issued or sold (or deemed to be issued pursuant
to  Section  2C  or  2D)  by  the  Company after the date hereof, whether or not
subsequently  reacquired  or retired by the Company, other than shares of Common
Stock  issued  upon  the  occurrence  of  a  Permitted  Event.

          "AFFILIATE" shall have the meaning specified in the Purchase
Agreement.

          "ANNOUNCEMENT DATE" shall have the meaning specified in Section 2I.

          "BUSINESS DAY" shall mean any day on which banks are open for business
in New York City (other than a Saturday, Sunday or legal holiday in the State of
New  York),  provided,  that  any  reference to "days" (unless Business Days are
             --------
specified)  shall  mean  calendar  days.

          "CASHLESS EXERCISE" shall have the meaning specified in Section 1F.

          "COMMISSION" shall mean the Securities and Exchange Commission or any
successor federal agency having similar powers.

          "COMMON  STOCK"  shall  mean the Original Common Stock, any stock into
which  such  stock  shall  have been converted or changed or any stock resulting
from  any  reclassification  of  such  stock and all other stock of any class or
classes (however designated) of the Company the holders of which have the right,
without  limitation  as to amount, either to all or to a share of the balance of
current  dividends  and liquidating dividends after the payment of dividends and
distributions  on  any  shares  entitled  to  preference.

          "COMPANY" shall mean Air Methods Corporation, a Delaware corporation.

          "CONSUMMATION DATE" shall have the meaning specified in Section 2I.

          "CONVERTIBLE SECURITIES" shall mean any evidences of indebtedness,
shares of stock (other than Common Stock) or other securities directly or
indirectly convertible into or exchangeable for Additional Shares of Common
Stock.

                                      -19-
<PAGE>
          "DIVIDEND RESTRICTIONS" shall mean the restrictions on the ability of
the Company to declare, order, pay or make dividends or other distributions, as
set forth in paragraph 7D of the Purchase Agreement, whether or not the Purchase
Agreement remains in effect.

          "EXCHANGE ACT" shall mean the Securities and Exchange Act of 1934, as
amended.

          "EXERCISE PRICE" shall have the meaning specified in Section 1B.

          "EXPIRATION DATE" shall have the meaning specified in the opening
paragraphs of this Warrant.

          "FAIR  VALUE"  shall  mean  with  respect  to  any securities or other
property,  the  fair  value  thereof as of a date which is within 15 days of the
date  as  of  which  the determination is to be made (a) determined by agreement
between  the  Company  and  the  Required Holders, or (b) if the Company and the
Required  Holders fail to agree, determined jointly by an independent investment
banking  firm  retained  by the Company and by an independent investment banking
firm  retained  by  the  Required  Holders,  either  of  which  firms  may be an
independent investment banking firm regularly retained by the Company, or (c) if
the  Company  or  the  Required  Holders  shall fail so to retain an independent
investment  banking firm within 10 Business Days of the retention of such a firm
by the Required Holders or the Company, as the case may be, determined solely by
the firm so retained, or (d) if the firms so retained by the Company and by such
holders  shall  be unable to reach a joint determination within 15 Business Days
of the retention of the last firm so retained, determined by another independent
investment  banking  firm  which is not a regular investment banking firm of the
Company  chosen  by  the  first  two  such  firms.

          "INITIAL DATE" shall have the meaning specified in Section 2A.

          "MARKET  PRICE"  shall  mean  on  any  date specified herein, (a) with
respect  to  Common Stock or to common stock (or equivalent equity interests) of
an  Acquiring  Company  or  its  Parent,  the  amount per share equal to (i) the
average  of  the  last  sale price of shares of Common Stock, regular way, or of
shares  of  such  common  stock  (or  equivalent  equity  interests)  for the 20
consecutive  trading  days  immediately  preceding such date or, if no such sale
takes  place  on  any such trading day, the average of the closing bid and asked
prices  thereof  on such trading day, in each case as officially reported on the
principal  national  securities  exchange  on  which the same are then listed or
admitted  to  trading, or (ii) if no shares of Common Stock or no shares of such
common  stock  (or  equivalent  equity  interests), as the case may be, are then
listed  or  admitted to trading on any national securities exchange, the average
of  the  last sale price of shares of Common Stock, regular way, or of shares of
such  common  stock  (or  equivalent  equity  interests)  for the 20 consecutive
trading days immediately preceding such date, or, if no such sale takes place on

                                      -20-
<PAGE>
such  trading  day,  the  average  of  the reported closing bid and asked prices
thereof  on  such  trading  day,  in  each case as quoted in the Nasdaq National
Market  or,  if  no shares of Common Stock or no shares of such common stock (or
equivalent  equity  interest), as the case may be, are then quoted in the Nasdaq
National  Market, as published by the National Quotation Bureau, Incorporated or
any similar successor organization, and in either case as reported by any member
firm  of  the  New  York  Stock Exchange selected by the Company, or (iii) if no
shares  of  Common Stock or no shares of such common stock (or equivalent equity
interests),  as  the  case may be, are then or, for the entire applicable 20 day
period,  were listed or admitted to trading, on any national securities exchange
or  quoted  or  published  in the over-the-counter market, the higher of (x) the
book  value  thereof as determined by any firm of independent public accountants
of  recognized standing selected by the Board of Directors of the Company, as of
the  last  day of any month ending within 60 days preceding the date as of which
the  determination  is  to  be  made or (y) the Fair Value thereof; and (b) with
respect  to  any  other  securities,  the  Fair  Value  thereof.

          "NOTES" shall have the meaning specified in the opening paragraphs of
this Warrant.

          "OFFICER'S CERTIFICATE" shall mean a certificate signed in the name of
the Company by its President, Chief Financial Officer, one of its Vice
Presidents or its Treasurer.

          "OPTIONS" shall mean rights, options or warrants to subscribe for,
purchase or otherwise acquire either Additional Shares of Common Stock or
Convertible Securities.

          "ORIGINAL COMMON STOCK" shall have the meaning specified in the
opening paragraphs of this Warrant.

          "OTHER SECURITIES" shall mean any stock (other than Common Stock) and
any other securities of the Company or any other Person (corporate or otherwise)
which the holders of the Warrants at any time shall be entitled to receive, or
shall have received, upon the exercise of the Warrants, in lieu of or in
addition to Common Stock, or which at any time shall be issuable or shall have
been issued in exchange for or in replacement of Common Stock or Other
Securities pursuant to Section 2I or otherwise.

          "PARENT" shall have the meaning specified in Section 2I.

          "PERMITTED EVENT" shall have the meaning specified in Section 2J.

          "PERSON" shall mean and include an individual, a partnership, an
association, a joint venture, a corporation, a trust, a limited liability
company, an unincorporated organization and a government or any department or
agency thereof.

                                      -21-
<PAGE>
          "PURCHASE AGREEMENT" shall have the meaning specified in the opening
paragraphs of this Warrant.

          "PURCHASERS" shall have the meaning specified in the opening
paragraphs of this Warrant.

          "REQUIRED HOLDERS" shall mean the holders of at least 50.1% of all the
Warrants  at  the  time  outstanding,  determined  on the basis of the number of
shares  of  Common Stock then purchasable upon the exercise of all Warrants then
outstanding.

          "RESTRICTED  SECURITIES"  shall  mean  (a)  any  Warrants  bearing the
applicable  legend set forth in Section 8 and (b) any shares of Common Stock (or
Other Securities) which have been issued upon the exercise of Warrants and which
are evidenced by a certificate or certificates bearing the applicable legend set
forth in such section, and (c) unless the context otherwise requires, any shares
of  Common  Stock  (or Other Securities) which are at the time issuable upon the
exercise  of  Warrants  and  which,  when  so  issued,  will  be  evidenced by a
certificate  or  certificates  bearing  the  applicable legend set forth in such
section.

          "SECURITIES ACT" shall mean the Securities Act of 1933, as amended.

          "STOCKHOLDERS' AGREEMENT" shall mean the Stockholders' Agreement,
dated as of October 16, 2002, by and between the Company, on the one hand, and
the Purchasers, on the other hand.

          "TRANSACTION" shall have the meaning specified in Section 2I.

          "WARRANT" shall have the meaning specified in the opening paragraphs
of this Warrant.

     SECTION  14.     REMEDIES.  The Company stipulates that the remedies at law
of  the holder of this Warrant in the event of any default or threatened default
by the Company in the performance of or compliance with any of the terms of this
Warrant  are  not  and  will  not  be  adequate  and that, to the fullest extent
permitted  by  law,  such terms may be specifically enforced by a decree for the
specific  performance  of  any  agreement  contained  herein or by an injunction
against  a  violation  of  any  of  the  terms  hereof  or  otherwise.

     SECTION  15.     NOTICES.  All  notices and other communications under this
Warrant  shall  be  in  writing and shall be sent (a) by registered or certified
mail,  return  receipt  requested,  or  (b)  by  a recognized overnight delivery
service,  addressed  (i)  if  to  any holder of any Warrant or any holder of any
Common  stock (or Other Securities), at the registered address of such holder as

                                      -22-
<PAGE>
set  forth  in  the  applicable  register  kept  at  the principal office of the
Company,  or  (ii)  if  to  the Company, to the attention of its Chief Financial
Officer at its principal office, provided that the exercise of any Warrant shall
be  effected  in  the  manner  provided  in  Section  1.

     SECTION 16.     MISCELLANEOUS.

     (a)     This Warrant and any term hereof may be changed, waived, discharged
or terminated only by an instrument in writing signed by the party against which
enforcement  of  such  change,  waiver,  discharge  or  termination  is  sought.

     (b)     The  agreements of the Company contained in this Warrant other than
those  applicable  solely to the Warrants and the holders thereof shall inure to
the  benefit  of  and be enforceable by any holder or holders at the time of any
Common Stock (or Other Securities) issued upon the exercise of Warrants, whether
so  expressed  or  not.

     (c)     This Warrant shall be construed and enforced in accordance with and
governed  by  the  laws  of  the  State  of  New  York.

     (d)     The  section  headings  in  this  Warrant  are  for  purposes  of
convenience only and shall not constitute a part hereof.

                                     AIR METHODS CORPORATION

                                     By:  /s/  George W. Belsey
                                        -----------------------------------
                                        Name:  George W. Belsey
                                        Title: CEO

                                      -23-
<PAGE>
                              FORM OF SUBSCRIPTION
                              --------------------
                 (To be executed only upon exercise of Warrant)

To  AIR  METHODS  CORPORATION

          The undersigned registered holder of the within Warrant hereby
irrevocably exercises such Warrant for, and purchases thereunder, _____(1)
shares of Original Common Stock of AIR METHODS CORPORATION, [AND HEREWITH MAKES
PAYMENT OF $_______________ THEREFOR](2) [IN A CASHLESS EXERCISE PURSUANT TO
SECTION 1F OF THE WITHIN WARRANT](3), and requests that the certificates for
such shares be issued in the name of, and delivered to _________________________
whose address is _________________________.

Dated:______________________

                              __________________________________________________
                              (Signature must conform in all respects to name of
                              holder as specified on the face of this Warrant)

                              __________________________________________________
                                              (Street Address)

                              __________________________________________________
                              (City)              (State)             (Zip Code)

-------------------------------
1    Insert here the number of shares called for on the face of this Warrant
     (or, in the case of a partial exercise, the portion thereof as to which
     this Warrant is being exercised), in either case without making any
     adjustment for additional Common Stock or any other stock or other
     securities or property or cash which, pursuant to the adjustment provisions
     of this Warrant, may be delivered upon exercise. In the case of a partial
     exercise, a new Warrant or Warrants will be issued and delivered,
     representing the unexercised portion of this Warrant, to the holder
     surrendering the same.

2    Use in connection with an exercise involving a delivery of funds to the
     Company.

3    Use in connection with a Cashless Exercise.

                                      -24-
<PAGE>
                               FORM OF ASSIGNMENT
                               ------------------
                 (To be executed only upon transfer of Warrant)

     For value received, the undersigned registered holder of the within Warrant
hereby sells, assigns and transfers unto _________________________ the right
represented by such Warrant to purchase _________________________(4) shares of
Common Stock of AIR METHODS CORPORATION, to which such Warrant relates, and
appoints _________________________ Attorney to make such transfer on the books
of AIR METHODS CORPORATION, maintained for such purpose, with full power of
substitution in the premises.

Dated:______________________

                              __________________________________________________
                              (Signature must conform in all respects to name of
                              holder as specified on the face of this Warrant)

                              __________________________________________________
                                              (Street Address)

                              __________________________________________________
                              (City)              (State)             (Zip Code)

Signed in the presence of:

-------------------------------
4.   Insert here the number of shares called for on the face of the within
     Warrant (or, in the case of a partial assignment, the portion thereof as to
     which this Warrant is being assigned), in either case without making any
     adjustment for additional Common Stock or any other stock or other
     securities or property or cash which, pursuant to the adjustment provisions
     of the within Warrant, may be delivered upon exercise. In the case of a
     partial assignment, a new Warrant or Warrants will be issued and delivered,
     representing the portion of the within Warrant not being assigned, to the
     holder assigning the same.

                                      -25-
<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00044-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00044-of-00352.parquet"}]]