EX-10.1
from 8-K
42 pages
{02169511-1 } 1 at the Market Offering Agreement October 17, 2023 Ascendiant Capital Markets, LLC 110 Front Street, Suite 300 Jupiter, Fl 33477 Ladies and Gentlemen: Air T, Inc., a Delaware Corporation (The “Company”), and Air T Funding (The “Trust”) Confirm Their Agreement (This “Agreement”) With Ascendiant Capital Markets, LLC (The “Manager”) as Follows: 1. Definitions. the Terms That Follow, When Used in This Agreement and Any Terms Agreement, Shall Have the Meanings Indicated. “Accountants” Shall Have the Meaning Ascribed to Such Term in Section 4(m). “Act” Shall Mean the Securities Act of 1933, as Amended, and the Rules and Regulations of the Commission Promulgated Thereunder. “Action” Shall Have the Meaning Ascribed to Such Term in Section 3(q). “Affiliate” Shall Have the Meaning Ascribed to Such Term in Section 3(p). “Applicable Time” Shall Mean, With Respect to Any Shares, the Time of Sale of Such Shares Pursuant to This Agreement or Any Relevant Terms Agreement. “Base Prospectus” Shall Mean the Base Prospectus Contained in the Registration Statement at the Execution Time. “Board” Shall Have the Meaning Ascribed to Such Term in Section 2(b)(iii). “Broker Fee” Shall Have the Meaning Ascribed to Such Term in Section 2(b)(v). “Business Day” Shall Mean Any Day Other Than a Saturday, a Sunday or a Legal Holiday or a Day on Which Banking Institutions or Trust Companies Are Authorized or Obligated by Law to Close in New York City. “Capital Securities” Shall Have the Meaning Ascribed to Such Term in Section 2
12/34/56
