<SEC-DOCUMENT>0001140361-23-010697.txt : 20230308
<SEC-HEADER>0001140361-23-010697.hdr.sgml : 20230308
<ACCEPTANCE-DATETIME>20230308163235
ACCESSION NUMBER:		0001140361-23-010697
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20230308
DATE AS OF CHANGE:		20230308
GROUP MEMBERS:		UNITED AIRLINES, INC.

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MESA AIR GROUP INC
		CENTRAL INDEX KEY:			0000810332
		STANDARD INDUSTRIAL CLASSIFICATION:	AIR TRANSPORTATION, SCHEDULED [4512]
		IRS NUMBER:				850302351
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-40348
		FILM NUMBER:		23716576

	BUSINESS ADDRESS:	
		STREET 1:		410 NORTH 44TH STREET
		STREET 2:		SUITE 700
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85008
		BUSINESS PHONE:		602.685.4000

	MAIL ADDRESS:	
		STREET 1:		410 NORTH 44TH STREET
		STREET 2:		SUITE 700
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MESA AIRLINES INC
		DATE OF NAME CHANGE:	19950426

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			United Airlines Holdings, Inc.
		CENTRAL INDEX KEY:			0000100517
		STANDARD INDUSTRIAL CLASSIFICATION:	AIR TRANSPORTATION, SCHEDULED [4512]
		IRS NUMBER:				362675207
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		E. ANNA HA - WHQLD
		STREET 2:		233 SOUTH WACKER DRIVE
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		872-825-4000

	MAIL ADDRESS:	
		STREET 1:		E. ANNA HA - WHQLD
		STREET 2:		233 SOUTH WACKER DRIVE
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	United Continental Holdings, Inc.
		DATE OF NAME CHANGE:	20100930

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UAL CORP /DE/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALLEGIS CORP
		DATE OF NAME CHANGE:	19880613
</SEC-HEADER>
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    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="color: rgb(0, 0, 0);">&#160;</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 18pt; font-weight: bold;">SCHEDULE 13D</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Under the Securities Exchange Act of 1934</div>
    <div><br>
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    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">(Amendment No. 1)*</div>
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    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 24pt; font-weight: bold;"><u>Mesa Air Group, Inc.</u></div>
    <div style="text-align: center; color: rgb(0, 0, 0);"><u>(Name of Issuer)</u></div>
    <div><br>
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    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"><u>Common Stock, no par value</u></div>
    <div style="text-align: center; color: rgb(0, 0, 0);">(Title of Class of Securities)</div>
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    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"><u>590479135</u></div>
    <div style="text-align: center; color: rgb(0, 0, 0);">(CUSIP Number)</div>
    <div><br>
    </div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Robert S. Rivkin</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">United Airlines Holdings, Inc.</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">233 South Wacker Drive</div>
    <div style="text-align: center;"><font style="font-weight: bold; color: rgb(0, 0, 0);">Chicago, Illinois</font> <font style="font-weight: bold; color: rgb(0, 0, 0);">60606</font></div>
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    <div style="text-align: center; color: rgb(0, 0, 0);">(Name, Address and Telephone Number of Person</div>
    <div style="text-align: center; color: rgb(0, 0, 0);">Authorized to Receive Notices and Communications)</div>
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    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"><u>March 6, 2023</u></div>
    <div style="text-align: center; color: rgb(0, 0, 0);">(Date of Event which Requires Filing of this Statement)</div>
    <div style="color: rgb(0, 0, 0);">&#160;</div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of &#167;&#167;240.13d-1(e),
      240.13d-1(f) or 240.13d-1(g), check the following box. &#9744;</div>
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    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.&#160; See Rule 13d-7 for other parties to whom copies are to be sent.</div>
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    <div style="text-align: justify; color: rgb(0, 0, 0);">* The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment
      containing information which would alter the disclosures provided in a prior cover page.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0);">The information required in the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#8220;Act&#8221;) or otherwise subject to
      the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</div>
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                <div style="color: rgb(0, 0, 0);">CUSIP No: 590479135</div>
              </td>
              <td style="width: 34%; vertical-align: top;">
                <div style="text-align: center; color: rgb(0, 0, 0);">SCHEDULE 13D</div>
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                <div style="text-align: right; color: rgb(0, 0, 0);">Page <font class="BRPFPageNumber" style="font-weight: bold;">2</font> of <font style="font-weight: bold;">7</font>&#160;<font style="font-weight: bold;"></font>pages</div>
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              <div style="font-size: 18pt; font-weight: bold; text-align: center;">1</div>
            </td>
            <td colspan="3" style="border-top: 1pt solid rgb(0, 0, 0); vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="font-weight: bold; text-align: left;">NAMES OF REPORTING PERSONS</div>
            </td>
            <td style="border-top: 1pt solid rgb(0, 0, 0); vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-top: 1pt solid rgb(0, 0, 0); border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
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            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">United Airlines Holdings, Inc.</div>
              <div style="text-align: left; color: rgb(0, 0, 0);">36-2675207</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
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            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
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          <tr style="height: 13px;">
            <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">2</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="font-weight: bold; text-align: left;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: right;">(a)</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; padding-right: 2px; width: 5.01%;">
              <div style="text-align: left;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;"><br>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: right;">(b)</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; padding-right: 2px; width: 5.01%;">
              <div style="text-align: left;">&#9744;</div>
            </td>
          </tr>
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            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
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            <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">3</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%; background-color: rgb(191, 191, 191);">
              <div style="font-weight: bold; text-align: left;">SEC USE ONLY</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%; background-color: rgb(191, 191, 191);">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%; background-color: rgb(191, 191, 191);">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr style="background-color: rgb(191, 191, 191);">
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr style="background-color: rgb(191, 191, 191);">
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">4</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="font-weight: bold; text-align: left;">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">OO</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
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            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">5</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="font-weight: bold; text-align: left;">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; padding-right: 2px; width: 5.01%;">
              <div style="text-align: left;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;"><br>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">6</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="font-weight: bold; text-align: left;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">Delaware, U.S.A.</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" rowspan="12" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); font-weight: bold; border-left: 1pt solid rgb(0, 0, 0); width: 12.71%;">
              <div style="text-align: center;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
            </td>
            <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">7</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="font-weight: bold; text-align: left;">SOLE VOTING POWER</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
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            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;"> 0<br>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">8</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="font-weight: bold; text-align: left;">SHARED VOTING POWER</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">4,042,061</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">9</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="font-weight: bold; text-align: left;">SOLE DISPOSITIVE POWER</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;"> 0<br>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">10</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="font-weight: bold; text-align: left;">SHARED DISPOSITIVE POWER</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">4,042,061</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">11</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="font-weight: bold; text-align: left;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">4,042,061</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">12</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="font-weight: bold; text-align: left;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; padding-right: 2px; width: 5.01%;">
              <div style="text-align: left;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;"><br>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">13</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="font-weight: bold; text-align: left;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">9.9999998% (1)</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">14</div>
            </td>
            <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="font-weight: bold; text-align: left;">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">CO, HC</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="za2aeef687e5c420e9564733530a64b1b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 13.5pt; vertical-align: top; color: rgb(0, 0, 0);">1.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">This percentage is based on a total of 40,420,611 Shares (as defined herein) outstanding as of February 7, 2023, as reported by the Issuer in its quarterly report on Form 10-Q, filed with the SEC (as defined
                herein) on February 9, 2023.</div>
            </td>
          </tr>

      </table>
      <br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="width: 100%;" class="BRPFPageFooter"></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0px; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); clear: both;"></div>
      <div style="width: 100%;" class="BRPFPageHeader">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

            <tr>
              <td style="width: 33%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">CUSIP No: 590479135</div>
              </td>
              <td style="width: 34%; vertical-align: top;">
                <div style="text-align: center; color: rgb(0, 0, 0);">SCHEDULE 13D</div>
              </td>
              <td style="width: 33%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0);">Page <font class="BRPFPageNumber" style="font-weight: bold;">3</font> of <font style="font-weight: bold;">7</font>&#160;<font style="font-weight: bold;"></font>pages</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="2" border="0" style="border-collapse: collapse; width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

            <tr>
              <td rowspan="3" style="border-top: 1pt solid rgb(0, 0, 0); vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
                <div style="font-size: 18pt; font-weight: bold; text-align: center;">1</div>
              </td>
              <td colspan="3" style="border-top: 1pt solid rgb(0, 0, 0); vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
                <div style="font-weight: bold; text-align: left;">NAMES OF REPORTING PERSONS</div>
              </td>
              <td style="border-top: 1pt solid rgb(0, 0, 0); vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-top: 1pt solid rgb(0, 0, 0); border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
                <div style="text-align: left; color: rgb(0, 0, 0);">United Airlines, Inc.</div>
                <div style="text-align: left; color: rgb(0, 0, 0);">74-2099724</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr style="height: 13px;">
              <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
                <div style="font-size: 18pt; font-weight: bold; text-align: center;">2</div>
              </td>
              <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
                <div style="font-weight: bold; text-align: left;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: right;">(a)</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; padding-right: 2px; width: 5.01%;">
                <div style="text-align: left;">&#9744;</div>
              </td>
            </tr>
            <tr>
              <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;"><br>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: right;">(b)</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; padding-right: 2px; width: 5.01%;">
                <div style="text-align: left;">&#9744;</div>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
                <div style="font-size: 18pt; font-weight: bold; text-align: center;">3</div>
              </td>
              <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%; background-color: rgb(191, 191, 191);">
                <div style="font-weight: bold; text-align: left;">SEC USE ONLY</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%; background-color: rgb(191, 191, 191);">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%; background-color: rgb(191, 191, 191);">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr style="background-color: rgb(191, 191, 191);">
              <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr style="background-color: rgb(191, 191, 191);">
              <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
                <div style="font-size: 18pt; font-weight: bold; text-align: center;">4</div>
              </td>
              <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
                <div style="font-weight: bold; text-align: left;">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
                <div style="text-align: left; color: rgb(0, 0, 0);">OO</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
                <div style="font-size: 18pt; font-weight: bold; text-align: center;">5</div>
              </td>
              <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
                <div style="font-weight: bold; text-align: left;">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; padding-right: 2px; width: 5.01%;">
                <div style="text-align: left;">&#9744;</div>
              </td>
            </tr>
            <tr>
              <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;"><br>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
                <div style="font-size: 18pt; font-weight: bold; text-align: center;">6</div>
              </td>
              <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
                <div style="font-weight: bold; text-align: left;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
                <div style="text-align: left; color: rgb(0, 0, 0);">Delaware, U.S.A.</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td colspan="2" rowspan="12" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); font-weight: bold; border-left: 1pt solid rgb(0, 0, 0); width: 12.71%;">
                <div style="text-align: center;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
              </td>
              <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
                <div style="font-size: 18pt; font-weight: bold; text-align: center;">7</div>
              </td>
              <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
                <div style="font-weight: bold; text-align: left;">SOLE VOTING POWER</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;"> 0<br>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
                <div style="font-size: 18pt; font-weight: bold; text-align: center;">8</div>
              </td>
              <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
                <div style="font-weight: bold; text-align: left;">SHARED VOTING POWER</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
                <div style="text-align: left; color: rgb(0, 0, 0);">4,042,061</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
                <div style="font-size: 18pt; font-weight: bold; text-align: center;">9</div>
              </td>
              <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
                <div style="font-weight: bold; text-align: left;">SOLE DISPOSITIVE POWER</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;"> 0<br>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
                <div style="font-size: 18pt; font-weight: bold; text-align: center;">10</div>
              </td>
              <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
                <div style="font-weight: bold; text-align: left;">SHARED DISPOSITIVE POWER</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
                <div style="text-align: left; color: rgb(0, 0, 0);">4,042,061</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
                <div style="font-size: 18pt; font-weight: bold; text-align: center;">11</div>
              </td>
              <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
                <div style="font-weight: bold; text-align: left;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
                <div style="text-align: left; color: rgb(0, 0, 0);">4,042,061</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
                <div style="font-size: 18pt; font-weight: bold; text-align: center;">12</div>
              </td>
              <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
                <div style="font-weight: bold; text-align: left;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; padding-right: 2px; width: 5.01%;">
                <div style="text-align: left;">&#9744;</div>
              </td>
            </tr>
            <tr>
              <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;"><br>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
                <div style="font-size: 18pt; font-weight: bold; text-align: center;">13</div>
              </td>
              <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
                <div style="font-weight: bold; text-align: left;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
                <div style="text-align: left; color: rgb(0, 0, 0);">
                  <div style="color: rgb(0, 0, 0);">
                    <div style="color: rgb(0, 0, 0);">9.9999998% (1)</div>
                  </div>
                </div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td rowspan="3" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;">
                <div style="font-size: 18pt; font-weight: bold; text-align: center;">14</div>
              </td>
              <td colspan="3" style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
                <div style="font-weight: bold; text-align: left;">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
                <div style="text-align: left; color: rgb(0, 0, 0);">
                  <div style="color: rgb(0, 0, 0);">CO, HC</div>
                </div>
              </td>
              <td style="vertical-align: middle; width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
                <div style="text-align: left;">&#160;</div>
              </td>
              <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
                <div style="text-align: left;">&#160;</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" id="zb7b1f35661f545b2b095eeeab667c3e0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

              <tr>
                <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0);">1.</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="color: rgb(0, 0, 0);">This percentage is based on a total of 40,420,611 Shares outstanding as of February 7, 2023, as reported by the Issuer in its quarterly report on Form 10-Q, filed with the SEC on February 9, 2023.</div>
                </td>
              </tr>

          </table>
        </div>
        <br>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div style="width: 100%;" class="BRPFPageFooter"></div>
          <div style="page-break-after: always;" class="BRPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0);"></div>
          <div style="width: 100%;" class="BRPFPageHeader">
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

                <tr>
                  <td style="width: 33%; vertical-align: top;">
                    <div style="color: rgb(0, 0, 0);">CUSIP No: 590479135</div>
                  </td>
                  <td style="width: 34%; vertical-align: top;">
                    <div style="text-align: center; color: rgb(0, 0, 0);">SCHEDULE 13D</div>
                  </td>
                  <td style="width: 33%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0);">Page <font class="BRPFPageNumber" style="font-weight: bold;">4</font> of <font style="font-weight: bold;">7</font>&#160;<font style="font-weight: bold;"></font>pages</div>
                  </td>
                </tr>

            </table>
          </div>
        </div>
      </div>
    </div>
    <br>
    <div>
      <div style="text-align: justify; color: rgb(0, 0, 0); text-indent: 72pt;">This Amendment No. 1 to Schedule 13D (&#8220;Amendment No. 1&#8221;) is being filed by the undersigned, pursuant to &#167;240.13d-2(a), to amend and supplement the Schedule 13D filed with the
        U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) by the undersigned on January 23, 2023 (the &#8220;Initial Schedule 13D&#8221; and, together with this Amendment No. 1, the &#8220;Schedule 13D&#8221;), with respect to the common stock, no par value (the &#8220;Shares&#8221;), of
        Mesa Air Group, Inc., a Nevada corporation (the &#8220;Issuer&#8221;), whose principal executive offices are located at 410 North 44th Street, Suite 700, Phoenix, Arizona 85008.</div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z6b17ed098cf947f3adb91cce2d58d7de" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: rgb(0, 0, 0); font-weight: bold;">Item 2.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Identity and Background</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt; color: rgb(0, 0, 0); font-style: italic;">Item 2 of the Schedule 13D is hereby amended and supplemented as follows:</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt; color: rgb(0, 0, 0);">Schedule A to the Initial Schedule 13D is hereby amended to add Garth Thompson as a director of UAL and reattached to this Amendment No. 1.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z3ec1636eb2104a3296050842b25610ef" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: rgb(0, 0, 0); font-weight: bold;">Item 4.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Purpose of Transaction</div>
          </td>
        </tr>

    </table>
    <br>
    <div>
      <div style="text-align: justify; text-indent: 72pt; color: #000000; font-style: italic;">Item 4 of the Schedule 13D is hereby amended and supplemented as follows:</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt; color: #000000;">Each of the Equity Purchase Agreement and Registration Rights Agreement referenced in the Initial Schedule 13D were executed effective March 6, 2023.&#160; With regards to the Equity
        Purchase Agreement, United and the Issuer entered into a subscription agreement (the &#8220;Subscription Agreement&#8221;) dated March 6, 2023, filed as Exhibit 99.2 hereto, to memorialize the terms and conditions of the issuance of 4,042,061 Shares to United,
        which the Issuer issued to United on January 13, 2023. As disclosed in the Initial Schedule 13D, pursuant to the terms of the Subscription Agreement, the Issuer granted United pro rata preemptive rights relating to the issuance of any equity
        securities that the Issuer may propose to issue or sell to any person in the future. The Registration Rights Agreement was also entered into on March 6, 2023 and is filed as Exhibit 99.3 hereto.&#160; As disclosed in the Initial Schedule 13D, pursuant
        to the terms of the Registration Rights Agreement, the Issuer granted to United customary demand and piggyback registration rights in respect of publicly registered offerings of the Issuer, subject to usual and customary exceptions and limitations.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt; color: #000000;">The foregoing description of each of the Subscription Agreement and the Registration Rights Agreement does not purport to be complete and is qualified in its entirety by reference
        to the full text of the Subscription Agreement and the Registration Rights Agreement, a copy of each of which is filed hereto as Exhibit 99.2 and Exhibit 99.3, respectively, to this Amendment No. 1, and the terms of each of which are incorporated
        herein by reference.</div>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z189bf8731d984e4c89ac5f511314222c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: rgb(0, 0, 0); font-weight: bold;">Item 6.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt; color: rgb(0, 0, 0); font-style: italic;">Item 6 of the Schedule 13D is hereby amended and supplemented as follows:</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt; color: rgb(0, 0, 0);">The disclosure in Item 4 of this Amendment No. 1 is incorporated by reference into this Item 6.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 72pt; color: rgb(0, 0, 0);">Except as otherwise set forth in this Schedule 13D, there are no contracts, arrangements, understandings or relationships between the Reporting Persons and any other person with
      respect to any securities of the Issuer.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zb286fe6775f74701bf8de1cbb3abc193" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: rgb(0, 0, 0); font-weight: bold;">Item 7.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Material to be Filed as Exhibits</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <div style="text-indent: 72pt; color: #000000; font-style: italic;">Item 7 of the Schedule 13D is hereby amended and supplemented by adding the following documents as exhibits:</div>
    </div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0);"><u>Exhibit Description</u></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z1e2339ac1a904ac8b80bd53628b7ab7f" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 12%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);"><a href="brhc10049485_ex99-2.htm">Exhibit 99.2*</a></div>
          </td>
          <td style="width: 88%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Subscription Agreement, dated as of March 6, 2023, by and between Mesa Air Group, Inc. and United Airlines, Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);"><a href="brhc10049485_ex99-3.htm">Exhibit 99.3*</a></div>
          </td>
          <td style="width: 88%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Registration Rights Agreement, dated as of March 6, 2023, by and between Mesa Air Group, Inc. and United Airlines, Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12%; vertical-align: top;">&#160;</td>
          <td style="width: 88%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 12%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">*Filed herewith</div>
          </td>
          <td style="width: 88%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="width: 100%;" class="BRPFPageFooter"></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0px; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); clear: both;"></div>
      <div style="width: 100%;" class="BRPFPageHeader">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

            <tr>
              <td style="width: 33%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">CUSIP No: 590479135</div>
              </td>
              <td style="width: 34%; vertical-align: top;">
                <div style="text-align: center; color: rgb(0, 0, 0);">SCHEDULE 13D</div>
              </td>
              <td style="width: 33%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0);">Page <font class="BRPFPageNumber" style="font-weight: bold;">5</font> of <font style="font-weight: bold;">7</font>&#160;<font style="font-weight: bold;"></font>pages</div>
              </td>
            </tr>

        </table>
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    </div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">SIGNATURE</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zc6d8d4b9029143219aabfe482fc6f193" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 50%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 50%; vertical-align: bottom;" colspan="2">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">United Airlines Holdings, Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;" rowspan="1">&#160;</td>
          <td style="width: 50%; vertical-align: bottom;" colspan="2" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 5%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0);">By:</div>
          </td>
          <td style="width: 45%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div><font style="color: rgb(0, 0, 0);">/s/&#160;</font><font style="color: rgb(17, 17, 17);">Robert S. Rivkin</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 5%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 45%; vertical-align: top;">
            <div style="color: rgb(17, 17, 17);">Name: Robert S. Rivkin</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 5%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 45%; vertical-align: top;">
            <div style="color: rgb(17, 17, 17);">Title: Senior Vice President and Chief Legal Officer</div>
          </td>
        </tr>

    </table>
    <div>
      <div><br>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" id="z046022b6f69044ceacccb7032f6b4c3c" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 50%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 50%; vertical-align: bottom;" colspan="2">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">United Airlines, Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 50%; vertical-align: bottom;" colspan="2">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 5%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0);">By:</div>
          </td>
          <td style="width: 45%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div><font style="color: rgb(0, 0, 0);">/s/&#160;</font><font style="color: rgb(17, 17, 17);">Gerald Laderman</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 5%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 45%; vertical-align: top;">
            <div style="color: rgb(17, 17, 17);">Name: Gerald Laderman</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 5%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 45%; vertical-align: top;">
            <div style="color: rgb(17, 17, 17);">Title: Executive Vice President and Chief Financial Officer</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <div style="color: rgb(0, 0, 0);">March 8, 2023</div>
    </div>
    <div style="color: rgb(0, 0, 0); font-style: italic;">Attention: Intentional misstatements or omissions of fact constitute federal violations (see 18 U.S.C. 1001).</div>
    <div style="color: rgb(0, 0, 0); font-style: italic;"> <br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="width: 100%;" class="BRPFPageFooter"></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0px; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); clear: both;"></div>
      <div style="width: 100%;" class="BRPFPageHeader">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

            <tr>
              <td style="width: 33%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">CUSIP No: 590479135</div>
              </td>
              <td style="width: 34%; vertical-align: top;">
                <div style="text-align: center; color: rgb(0, 0, 0);">SCHEDULE 13D</div>
              </td>
              <td style="width: 33%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0);">Page <font class="BRPFPageNumber" style="font-weight: bold;">6</font> of <font style="font-weight: bold;">7</font>&#160;<font style="font-weight: bold;"></font>pages</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">SCHEDULE A</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; color: rgb(0, 0, 0);">The following sets forth information concerning the executive officers and directors of UAL and United as of March 7, 2023, in response to Item 2 and Instruction C to Schedule 13D. Capitalized terms
      used herein have the meanings assigned thereto in the Schedule 13D to which this Schedule A relates.&#160; The principal address of each of the executive officers and directors of UAL and United is 233 South Wacker Drive, Chicago, IL, 60606. Each of the
      executive officers and directors of UAL and United is a citizen of the United States unless otherwise indicated.</div>
    <div><br>
    </div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"><u>UNITED AIRLINES HOLDINGS, INC. &#8211; BOARD OF DIRECTORS</u></div>
    <div>&#160;</div>
    <div>
      <table cellspacing="0" cellpadding="3" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="za8717ec5060640a28bad258f74b7fc1e">

          <tr>
            <td style="width: 23%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="color: #000000; font-weight: bold;">Name and Position</div>
            </td>
            <td style="width: 77%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="color: #000000; font-weight: bold;">Present Principal Occupation or Employment</div>
            </td>
          </tr>
          <tr>
            <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Edward M. Philip<br>
                <font style="font-style: italic;">Chairman and Independent Director</font></div>
            </td>
            <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Former Chief Operating Officer, Partners in Health</div>
            </td>
          </tr>
          <tr>
            <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Carolyn Corvi</div>
              <div style="color: #000000; font-style: italic;">Independent Director</div>
            </td>
            <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Former Vice President and General Manager, The Boeing Company</div>
            </td>
          </tr>
          <tr>
            <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Matthew Friend</div>
              <div style="color: #000000; font-style: italic;">Independent Director</div>
            </td>
            <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Executive Vice President and Chief Financial Officer, NIKE, Inc.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Barney Harford<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
              <div style="color: #000000; font-style: italic;">Independent Director</div>
            </td>
            <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Former Chief Operating Officer, Uber Technologies, Inc.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Michele J. Hooper</div>
              <div style="color: #000000; font-style: italic;">Independent Director</div>
            </td>
            <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">President and Chief Executive Officer, The Directors&#8217; Council</div>
            </td>
          </tr>
          <tr>
            <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Walter Isaacson</div>
              <div style="color: #000000; font-style: italic;">Independent Director</div>
            </td>
            <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Advisory Partner, Perella Weinberg Partners</div>
            </td>
          </tr>
          <tr>
            <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Richard Johnsen</div>
              <div style="color: #000000; font-style: italic;">Director</div>
            </td>
            <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Chief of Staff to the International President, International Association of Machinists and Aerospace Workers</div>
            </td>
          </tr>
          <tr>
            <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">James A. C. Kennedy</div>
              <div style="color: #000000; font-style: italic;">Independent Director</div>
            </td>
            <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Former President and Chief Executive Officer, T. Rowe Price Group, Inc.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Scott Kirby</div>
              <div style="color: #000000; font-style: italic;">Director and Chief Executive Officer</div>
            </td>
            <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Chief Executive Officer, United Airlines Holdings, Inc.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Edward L. Shapiro</div>
              <div style="color: #000000; font-style: italic;">Independent Director</div>
            </td>
            <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Former Managing Partner, PAR Capital Management, Inc.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Garth Thompson</div>
              <div style="color: #000000; font-style: italic;">Director</div>
            </td>
            <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">United Pilot and Chair of the United Airlines Pilots Master Executive Council of the Air Lines Pilots Association, International</div>
            </td>
          </tr>
          <tr>
            <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Laysha Ward</div>
              <div style="color: #000000; font-style: italic;">Independent Director</div>
            </td>
            <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Executive Vice President, Chief External Engagement Officer, Target Corporation</div>
            </td>
          </tr>
          <tr>
            <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">James M. Whitehurst</div>
              <div style="color: #000000; font-style: italic;">Independent Director</div>
            </td>
            <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="color: #000000;">Senior Advisor, International Business Machines Corporation</div>
            </td>
          </tr>

      </table>
      <br>
    </div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"><u>UNITED AIRLINES HOLDINGS, INC. &#8211; EXECUTIVE OFFICERS</u></div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="3" border="0" id="z1e4b4507bc2e49549a73e7d04fdfb337" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 23%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Name</div>
          </td>
          <td style="width: 77%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Title</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Scott Kirby</div>
          </td>
          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Chief Executive Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Brett J. Hart</div>
          </td>
          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">President</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Torbjorn (Toby) J. Enqvist</div>
          </td>
          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Executive Vice President and Chief Operations Officer</div>
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        <tr>
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            <div style="color: rgb(0, 0, 0);">Kate Gebo</div>
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          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Executive Vice President Human Resources and Labor Relations</div>
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        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Linda P. Jojo</div>
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          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Executive Vice President and Chief Customer Officer</div>
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        </tr>
        <tr>
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            <div style="color: rgb(0, 0, 0);">Gerald Laderman</div>
            <div>&#160;</div>
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          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Executive Vice President and Chief Financial Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Andrew Nocella</div>
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          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Executive Vice President and Chief Commercial Officer</div>
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        </tr>

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    <div><br>
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    <div style="color: rgb(0, 0, 0);"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> Barney Harford is a citizen of the United Kingdom.</div>
    <div style="color: rgb(0, 0, 0);"> <br>
    </div>
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        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

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              <td style="width: 33%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">CUSIP No: 590479135</div>
              </td>
              <td style="width: 34%; vertical-align: top;">
                <div style="text-align: center; color: rgb(0, 0, 0);">SCHEDULE 13D</div>
              </td>
              <td style="width: 33%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0);">Page <font class="BRPFPageNumber" style="font-weight: bold;">7</font> of <font style="font-weight: bold;">7</font>&#160;<font style="font-weight: bold;"></font>pages</div>
              </td>
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        </table>
      </div>
    </div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"><u>UNITED AIRLINES, INC. &#8211; BOARD OF DIRECTORS</u></div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="3" border="0" id="z44ee355fc79a44148f1765c3fabc85bd" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Name and Position</div>
          </td>
          <td style="width: 77%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Present Principal Occupation or Employment</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Brett J. Hart</div>
            <div style="color: rgb(0, 0, 0); font-style: italic;">Director</div>
          </td>
          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">President</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Scott Kirby</div>
            <div style="color: rgb(0, 0, 0); font-style: italic;">Director</div>
          </td>
          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Chief Executive Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Gerald Laderman</div>
            <div style="color: rgb(0, 0, 0); font-style: italic;">Director</div>
          </td>
          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Executive Vice President and Chief Financial Officer</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"><u>UNITED AIRLINES, INC. &#8211; EXECUTIVE OFFICERS</u></div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="3" border="0" id="z5545983c4688484f951899d8f15ed557" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

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            <div style="color: rgb(0, 0, 0); font-weight: bold;">Name</div>
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          <td style="width: 77%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Title</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Scott Kirby</div>
          </td>
          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Chief Executive Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Brett J. Hart</div>
          </td>
          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">President</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Torbjorn (Toby) J. Enqvist</div>
          </td>
          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Executive Vice President and Chief Operations Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Kate Gebo</div>
          </td>
          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Executive Vice President Human Resources and Labor Relations</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Gregory L. Hart</div>
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          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Executive Vice President and Chief Growth Officer</div>
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        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Linda P. Jojo</div>
          </td>
          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Executive Vice President and Chief Customer Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Gerald Laderman</div>
          </td>
          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Executive Vice President and Chief Financial Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Andrew Nocella</div>
          </td>
          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Executive Vice President and Chief Commercial Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Jonathan Roitman</div>
          </td>
          <td style="width: 77%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0);">Executive Vice President and Special Advisor</div>
          </td>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>2
<FILENAME>brhc10049485_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.2</font><br>
  </div>
  <div style="text-align: right;"> <br>
  </div>
  <div style="text-align: center;">
    <div style="text-align: right; font-style: italic; font-weight: bold;">Execution Version</div>
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  <div><br>
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  <div>
    <div style="text-align: center; font-weight: bold;">SUBSCRIPTION AGREEMENT</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">This SUBSCRIPTION AGREEMENT (this &#8220;<u>Subscription Agreement</u>&#8221;) is entered into on March 6, 2023, by and between Mesa Air Group, Inc., a Nevada corporation (the &#8220;<u>Issuer</u>&#8221;), and United
      Airlines, Inc., a Delaware corporation (&#8220;<u>Subscriber</u>&#8221;).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">WHEREAS, on December 27, 2022, Issuer, Mesa Airlines, Inc., a Nevada corporation, and United entered into that certain Third Amended and Restated Capacity Purchase Agreement (&#8220;<u>A&amp;R CPA</u>&#8221;),
      pursuant to which, among other matters, as part of the consideration of, and as a material inducement to United to execute and deliver the A&amp;R CPA, Issuer agreed to issue to United 10.0% of the total shares outstanding, calculated on a fully
      diluted basis immediately after such issuance, of the Issuer&#8217;s common stock, no par value per share (the &#8220;<u>Common Stock</u>&#8221;), as contemplated by and in the terms set forth in Exhibit R to the A&amp;R CPA;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">WHEREAS, on January 13, 2023 (the &#8220;<u>Issuance Date</u>&#8221;), the Issuer issued to Subscriber 4,042,061 shares (the &#8220;<u>Acquired Shares</u>&#8221;) equal to approximately (and slightly less than) 10.0% of the
      Issuer&#8217;s total shares outstanding and the parties desire to memorialize the terms and conditions of the issuance of the Acquired Shares;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">WHEREAS, the Issuer and Subscriber are executing and delivering this Subscription Agreement in reliance upon the exemption from securities registration afforded by Section 4(a)(<a name="DocXTextRef10"></a>2) of the Securities Act of 1933, as amended (the &#8220;<u>Securities Act</u>&#8221;).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">NOW, THEREFORE, for good, valid and sufficient consideration, the receipt, validity and sufficiency of which are hereby acknowledged by the parties, and in consideration of the foregoing and the
      mutual representations, warranties and covenants, and subject to the conditions herein contained, and intending to be legally bound hereby, the parties hereto hereby agree as follows:</div>
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    <div style="text-align: justify; text-indent: 36pt;"><a name="z_Ref110107754"></a>1.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <u>Subscription</u>. Subject to the terms and conditions hereof, Subscriber hereby agrees to subscribe for the Acquired Shares (such subscription and the
      related issuance, the &#8220;<u>Subscription</u>&#8221;), effective upon the Issuance Date.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><a name="z_Ref63321443"></a>2.&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <u>Issuance</u>.<a name="z_Ref63321274"></a></div>
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            <div style="color: #000000;">The Issuer represents and warrants that, on the Issuance Date, the Issuer delivered to Subscriber <a name="DocXTextRef13"></a>(<a name="DocXTextRef18"></a>1) the Acquired Shares in book entry form, free and clear
              of any liens, encumbrances or other restrictions whatsoever (other than those arising under state or federal securities laws or imposed by Subscriber), in the name of Subscriber (or its nominee in accordance with its delivery instructions) or
              to a custodian designated by Subscriber, as applicable, and (<a name="DocXTextRef19"></a>2) a copy of the records of the transfer agent of the Issuer (the &#8220;<u>Transfer Agent</u>&#8221;) showing Subscriber as the owner of the Acquired Shares on and
              as of the Issuance Date (the &#8220;<u>Subscriber&#8217;s Deliveries</u>&#8221;).</div>
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            <div>Upon the terms and subject to the conditions set forth in this Subscription Agreement, Subscriber and the Issuer shall use commercially reasonable efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to
              reasonably assist and cooperate with the other party hereto in doing, all things reasonably necessary, proper or advisable under applicable legal requirements to consummate and make effective, in the most expeditious manner practicable, the
              transactions contemplated by this Subscription Agreement.</div>
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      as of the Issuance Date and as of the date of this Agreement that:</div>
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          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107767"></a><font style="color: #000000;">(a)</font></td>
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            <div>The Issuer and each of its subsidiaries is duly incorporated or formed (as applicable), validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation (as applicable), with all corporate, limited
              liability company, partnership or other entity power and authority to own, lease and operate its properties and conduct its business as presently conducted and, with respect to the Issuer, to enter into, deliver and perform its obligations
              under this Subscription Agreement. Except where such noncompliance would not reasonably be expected to constitute an Issuer Material Adverse Effect, the Issuer and each of its subsidiaries is duly qualified to do business as a foreign
              corporation and, to the extent applicable, in good standing, in all other jurisdictions where the ownership or leasing of its properties or the conduct of its business required such qualification. For purposes of this Subscription Agreement,
              an &#8220;<u>Issuer Material Adverse Effect</u>&#8221; means an event, change, development, occurrence, condition or effect with respect to the Issuer and its subsidiaries and affiliates, taken together as a whole (on a consolidated basis), that, would
              reasonably be expected to have a material adverse effect on the business, financial condition, assets, liabilities or results of operations of the Issuer and its subsidiaries, taken together as a whole (on a consolidated basis) or the
              Issuer&#8217;s ability to consummate the transactions contemplated by this Subscription Agreement, including the issuance and sale of the Acquired Shares.</div>
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    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
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            <div>The Acquired Shares have been duly authorized, validly issued, fully paid and are non-assessable and free and clear of all liens,<font style="color: #000000;">&#160;</font>encumbrances or other restrictions (except as otherwise stated herein)
              and have not been issued in violation of or subject to any preemptive or similar rights created under the Issuer&#8217;s certificate of incorporation and bylaws (each, as amended) or under the laws of the State of Nevada or otherwise.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
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          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div><font style="color: #000000;">This Subscription Agreement has been duly authorized, executed and delivered by the Issuer and, assuming that this Subscription Agreement </font>constitutes the valid and binding agreement of Subscriber<font style="color: #000000;">, this Subscription Agreement is enforceable against the Issuer in accordance with its terms, except as may be limited or otherwise affected by </font><a name="DocXTextRef26"></a><font style="color: #000000;">(i)
                bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other laws relating to or affecting the rights of creditors generally, and (ii) principles of equity, whether considered at law or equity.</font></div>
          </td>
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    <div>&#160;</div>
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          <td style="width: 36pt;"><br>
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            <div>The execution, delivery and performance of this Subscription Agreement, including the issuance and sale of the Acquired Shares by the Issuer, do not and will not conflict with or result in a breach or violation of any of the terms or
              provisions of, or constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of the Issuer pursuant to the terms of <a name="DocXTextRef27"></a>(i) any indenture,
              mortgage, deed of trust, loan agreement, lease, license or other agreement or instrument to which the Issuer (or any of its subsidiaries or affiliates) is a party or by which the Issuer (or any of its subsidiaries or affiliates) is bound or
              to which any of the property or assets of the Issuer (or any of its subsidiaries or affiliates) is subject; (ii) the organizational documents of the Issuer (or any of its subsidiaries or affiliates); or (iii) any statute or any judgment,
              order, rule or regulation of any court or governmental agency, taxing authority or regulatory body, domestic or foreign, having jurisdiction over the Issuer or any of its properties, which would reasonably be expected to have an Issuer
              Material Adverse Effect.</div>
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    </table>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
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        <tr>
          <td style="width: 36pt;"><br>
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            <div>The Issuer is not in default or violation (and no event has occurred which, with notice or the lapse of time or both, would constitute a default or violation) of any term, condition or provision of <a name="DocXTextRef28"></a>(i) the
              organizational documents of the Issuer, (ii) any loan or credit agreement, guarantee, note, bond, mortgage, indenture, lease or other agreement, permit, franchise or license to which, as of the date of this Subscription Agreement, the Issuer
              (or any of its subsidiaries or affiliates) is a party or by which the properties or assets of the Issuer (or any of its subsidiaries or affiliates) are bound or (iii) any statute or any judgment, order, rule or regulation of any court or
              governmental agency, taxing authority or regulatory body, domestic or foreign, having jurisdiction over the Issuer (or any of its subsidiaries or affiliates), or any of its properties, except, in the case of clauses (ii) and (iii), for
              defaults or violations that have not had and would not reasonably be expected to have, individually or in the aggregate, an Issuer Material Adverse Effect.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
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          <td style="width: 36pt;"><br>
          </td>
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          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">The Issuer is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration with, any court or other federal, state, local or other governmental
              authority, self-regulatory organization or other Person in connection with the execution, delivery and performance by the Issuer of this Subscription Agreement (including, without limitation, the issuance of the Acquired Shares), other than,
              as applicable, <a name="DocXTextRef29"></a>(i) the filing with the Commission of the Registration Statement (as defined below); (ii) filings required by applicable state securities laws; (iii) those required by Nasdaq; <a name="DocXTextRef30"></a>(iv) any filing, the failure of which to obtain would not reasonably be expected to have, individually or in the aggregate, an Issuer Material Adverse Effect and (v) the filing of a Notice of Exempt Offering of
              Securities on Form D with the Commission under Regulation D of the Securities Act.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
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          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Assuming the accuracy of the representations and warranties of Subscriber as set forth in <u>Section 4</u> of this Subscription Agreement, no registration under the Securities Act is required for the offer and sale of the Acquired Shares
              by the Issuer to Subscriber in the manner contemplated by this Subscription Agreement. The Acquired Shares <a name="DocXTextRef31"></a>(i) were not offered by any form of general solicitation or general advertising and (ii) are not being
              offered in a manner involving a public offering under, or in a distribution in violation of, the Securities Act, or any state securities laws.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
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          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>The board of directors of the Issuer has taken all necessary action, and will in the future take any necessary action, to ensure that the transactions contemplated by this Agreement and the consummation of the transactions contemplated
              hereby, will be exempt from any anti-takeover or similar provisions of the Issuer&#8217;s organizational documents, and any other provisions of any applicable &#8220;moratorium&#8221;, &#8220;control share&#8221;, &#8220;fair price&#8221;, &#8220;interested stockholder&#8221; or other
              anti-takeover laws and regulations of any jurisdiction, whether existing on the date hereof or implemented after the date hereof. The Issuer has taken all actions necessary, and will in the future take any necessary action, to render any
              stockholders&#8217; rights plan of the Issuer inapplicable to this Agreement and the consummation of the transactions contemplated hereby and thereby.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
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          <td style="width: 36pt;"><br>
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            <div>Except for such matters as have not had and would not reasonably be expected to have, individually or in the aggregate, an Issuer Material Adverse Effect, there is no <a name="DocXTextRef32"></a>(i) investigation, action, suit, claim or
              other proceeding, in each case by or before any governmental authority pending, or, to the knowledge of the Issuer, threatened against the Issuer, or (ii) judgment, decree, injunction, ruling or order of any governmental authority outstanding
              against the Issuer.</div>
          </td>
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    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
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          <td style="width: 36pt;"><br>
          </td>
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          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">The Issuer has not paid, and is not obligated to pay, any brokerage, finder&#8217;s or other fee or commission in connection with its issuance and sale of the Acquired Shares.</div>
          </td>
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    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107775"></a><font style="color: #000000;">(k)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>The Issuer is not, and immediately after receipt of payment for the Acquired Shares, will not be, an &#8220;investment company&#8221; or a company &#8220;controlled by an investment company&#8221;, within the meaning of the Investment Company Act of 1940, as
              amended.</div>
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    </table>
    <div>&#160;</div>
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          <td style="width: 36pt;"><br>
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          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref74730516"></a><a name="z_Ref110107777"></a><font style="color: #000000;">(l)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div><font style="color: #000000;">As of their respective filing dates, or, if amended, as of the date of such amendment, which shall be deemed to supersede such original filing, all reports required to be filed by the Issuer with the
                Commission (the &#8220;<u>SEC Reports</u>&#8221;) complied in all material respects with the applicable requirements of the Securities Act and the </font>Securities Exchange Act of 1934, as amended (the &#8220;<u>Exchange Act</u>&#8221;)<font style="color: #000000;">, and the rules and regulations of the Commission promulgated thereunder, and none of the SEC Reports, when filed, or, if amended, as of the date of such amendment, which shall be deemed to supersede such original filing,
                contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not
                misleading. As of the date thereof, there are no material outstanding or unresolved comments in comment letters received by the Issuer from the staff of the Division of Corporation Finance of the Commission with respect to any of the SEC
                Reports. The financial statements of the Issuer and its subsidiaries included in the SEC Reports comply in all material respects with applicable accounting requirements and the rules and regulations of the SEC with respect thereto as in
                effect at the time of filing, or, if amended, as of the date of such amendment, which shall be deemed to supersede such original filing, and fairly present in all material respects the financial position of the Issuer as of and for the
                dates thereof and the results of operations and cash flows for the periods then ended, subject, in the case of unaudited statements, to normal, year-end audit adjustments. </font><a name="z_Ref110107786"></a><font style="color: #000000;">The
                Issuer has established and maintains disclosure controls and procedures (as such term is defined in Rule 13a-15 and 15d-15 under the Exchange Act) that are designed to provide reasonable assurance that material information relating to the
                Issuer, including its subsidiaries, that is required to be disclosed by the Issuer in the reports that it furnishes or files under the Exchange Act is reported within the time periods specified in the rules and forms of the Commission and
                that such material information is communicated to the Issuer&#8217;s management to allow timely decisions regarding required disclosure.</font></div>
          </td>
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    <div>&#160;</div>
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            <div><font style="color: #000000;">As of the date hereof, the authorized share capital of the Issuer consists of 125,</font><a name="DocXTextRef45"></a><font style="color: #000000;">000,</font><a name="DocXTextRef46"></a><font style="color: #000000;">000 shares of Common Stock and 5,</font><a name="DocXTextRef47"></a><font style="color: #000000;">000,</font><a name="DocXTextRef48"></a><font style="color: #000000;">000 preferred shares, no par value per share (&#8220;<u>Preferred
                  Shares</u>&#8221;).&#160; As of the date hereof: </font><a name="DocXTextRef34"></a><font style="color: #000000;">(i) 36,378,550 shares of Common Stock and no Preferred Shares were issued and outstanding (excluding the Acquired Shares); (ii)
                4,899,497 warrants, each exercisable to purchase one share of Common Stock at a purchase price of $3.98 per sha</font>re,<font style="color: #000000;"> were issued and outstanding (the &#8220;<u>Warrants</u>&#8221;); (iii) no Common Stock was subject
                to issuance upon exercise of outstanding options and (iv) all issued and outstanding shares of Common Stock have been duly authorized and validly issued, are fully paid and are non-assessable and are not subject to and were not issued in
                violation of any preemptive rights and all outstanding Warrants have been duly authorized and validly issued, are fully paid and are not subject to and were not issued in violation of any preemptive rights.</font></div>
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    <div>&#160;</div>
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          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">The Issuer does not have any subsidiaries other than the subsidiaries listed on Exhibit <a name="DocXTextRef67"></a>21.1 to the Issuer&#8217;s Form 10-K filed with the Commission on December 29, 2022. Except as described
              in the SEC Reports, the Issuer, directly or indirectly, owns of record and beneficially, free and clear of all liens, all of the issued and outstanding Equity Securities (as defined below) of each of its subsidiaries.</div>
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    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">4</font></div>
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          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">Neither the Issuer nor any Person acting on its behalf has engaged or will engage in any form of general solicitation or general advertising (within the meaning of Regulation D) in connection with any offer or sale
              of the Acquired Shares.</div>
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    <div>&#160;</div>
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            <div style="color: #000000;">The issued and outstanding shares of Common Stock are registered pursuant to <a name="DocXTextRef69"></a>Section <a name="DocXTextRef68"></a>12(b) of the Exchange Act, and are listed for trading on Nasdaq. The
              Issuer has taken no action that is designed to terminate the registration of the Common Stock under the Exchange Act.</div>
          </td>
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    <div>&#160;</div>
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            <div style="color: #000000;">The Issuer represents and warrants that none of its officers or directors is <a name="DocXTextRef72"></a>(i) a Person or entity named on the List of Specially Designated Nationals and Blocked Persons, the Executive
              Order 13599 List, the Foreign Sanctions Evaders List, or the Sectoral Sanctions Identification List, each of which is administered by the U.S. Treasury Department&#8217;s Office of Foreign Assets Control (&#8220;<u>OFAC</u>&#8221;) or any similar list of
              sanctioned persons administered by the European Union or any individual European Union member state, or the United Kingdom (collectively, the &#8220;<u>Sanctions Lists</u>&#8221;), (ii) directly or indirectly owned or controlled by, or acting on behalf
              of, a Person, that is named on a Sanctions List, (iii) organized, incorporated, established, located, resident or born in, or a citizen, national, or the government, including any political subdivision, agency, or instrumentality thereof, of,
              Cuba, Iran, North Korea, Syria, the Crimea region of Ukraine, or any other country or territory embargoed or subject to substantial trade restrictions by the United States, (iv) a Designated National as defined in the Cuban Assets Control
              Regulations, <a name="DocXTextRef71"></a>31 C.F.R. Part <a name="DocXTextRef70"></a>515 or <a name="DocXTextRef73"></a>(v) a non-U.S. shell bank or providing banking services indirectly to a non-U.S. shell bank or providing banking
              services indirectly to a non-U.S. shell bank. The Issuer agrees to provide law enforcement agencies, if requested thereby, such records as required by applicable law, provided that the Issuer is permitted to do so under applicable law. The
              Issuer also represents that, to the extent required under applicable law, it maintains policies and procedures reasonably designed to ensure compliance with OFAC-administered sanctions programs, including for the screening of its investors
              against the Sanctions Lists.</div>
          </td>
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    </table>
    <div>&#160;</div>
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            <div style="color: #000000;">None of the Issuer, its subsidiaries or any of their affiliates, nor any Person acting on their behalf has, directly or indirectly, made any offers or sales of any security or solicited any offers to buy any
              security, under circumstances that would require registration of the issuance of any of the Acquired Shares under the Securities Act, whether through integration with prior offerings pursuant to Rule <a name="DocXTextRef74"></a>502(a) of the
              Securities Act or otherwise.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
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          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107785"></a><font style="color: #000000;">(s)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">Except where such non-compliance, default or violation could not, individually or in the aggregate, reasonably be expected to have an Issuer Material Adverse Effect, (i) the Issuer is in compliance with all
              applicable laws, including without limitation, Requirements of Environmental Law (as herein defined), Anti-Corruption Laws (as herein defined), all applicable laws relating to U.S.&#160; federal and state taxes and Non U.S. taxes, all applicable
              laws relating to labor and employment, fair employment practices, terms and conditions of employment, and wages and hours, and with the terms of all employee benefit plans (as defined in Section 3(3) of Employee Retirement Income Security Act
              of 1974, as amended, that are maintained or sponsored by the Issuer or its subsidiaries for the benefit of their respective current or former employees and with respect to which the Issuer or its subsidiaries have any liability, and (ii) has
              not received within the past three years any written communication from a governmental entity that alleges that the Issuer is not in compliance with or is in default or violation of any applicable law. For purposes of this Subscription
              Agreement &#8220;<u>Anti-Corruption Laws</u>&#8221; means any applicable laws in any jurisdiction relating to corruption and bribery, including the FCPA, the UK Bribery Act 2010, and any similar law that prohibits bribery or corruption and &#8220;<u>Requirements
                of Environmental Law</u>&#8221; means all requirements imposed by any law&#160; rule, regulation, or order of any governmental authority which relate to (i) the environment, (ii) the preservation or reclamation of natural resources or (iii) the
              generation, management, recycling, reclamation, release, threatened release, treatment, storage, disposal or transportation of any waste, substance, product or material defined or regulated as &#8220;hazardous&#8221; or &#8220;toxic&#8221; by any applicable law,
              rule, regulation or order, including petroleum and any fraction thereof, and any radioactive materials and waste..</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">5</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><a name="z_Ref63321208"></a>4. &#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Subscriber Representations and Warranties</u>.&#160; Subscriber represents and warrants to the Issuer as of the Issuance Date and as of the date of this
      Agreement that:</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107789"></a><font style="color: #000000;">(a)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Subscriber has been duly incorporated and is validly existing and in good standing under the laws of the State of Delaware, with power and authority to enter into, deliver and perform its obligations under this Subscription Agreement.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107790"></a><font style="color: #000000;">(b)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>This Subscription Agreement has been duly authorized, executed and delivered by Subscriber and, assuming that this Subscription Agreement has been duly authorized, executed and delivered by the Issuer, this Subscription Agreement is the
              valid and binding obligation of Subscriber, enforceable against Subscriber in accordance with its terms, except as may be limited or otherwise affected by <a name="DocXTextRef80"></a>(i) bankruptcy, insolvency, reorganization, fraudulent
              conveyance, moratorium or other laws relating to or affecting the rights of creditors generally and (ii) principles of equity, whether considered at law or equity.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
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          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>The execution, delivery and performance by Subscriber of this Subscription Agreement, including the consummation of the transactions contemplated hereby, have been duly authorized and approved by all necessary action. Subscriber
              acknowledges that Subscriber shall be responsible for any of Subscriber&#8217;s tax liabilities that may arise as a result of the transactions contemplated by this Subscription Agreement, and that neither the Issuer nor any of its affiliates, have
              provided any tax advice or any other representation or guarantee, whether written or oral, regarding the tax consequences of the transactions contemplated by this Subscription Agreement.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107792"></a><font style="color: #000000;">(d)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>The execution, delivery and performance by Subscriber of this Subscription Agreement, including the consummation of the transactions contemplated hereby will not conflict with or result in a breach or violation of any of the terms or
              provisions of, or constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of Subscriber pursuant to the terms of <a name="DocXTextRef81"></a>(i) any indenture,
              mortgage, deed of trust, loan agreement, lease, license or other agreement or instrument to which Subscriber is a party or by which Subscriber is bound or to which any of the property or assets of Subscriber is subject; (ii) Subscriber&#8217;s
              organizational documents or under any law, rule, regulation, agreement or other obligation by which Subscriber is bound; and (iii) any statute or any judgment, order, rule or regulation of any court or governmental agency or body, domestic or
              foreign, having jurisdiction over Subscriber or any of their respective properties, that would reasonably be expected to have a <font style="color: #000000;">material adverse effect on the ability of Subscriber to enter into and timely
                perform its obligations under this Subscription Agreement (a &#8220;<u>Subscriber Material Adverse Effect</u>&#8221;)</font>.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">6</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107793"></a><font style="color: #000000;">(e)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Subscriber <a name="DocXTextRef86"></a>(i) is a &#8220;qualified institutional buyer&#8221; (as defined in Rule 144A under the Securities Act) or an institutional &#8220;accredited investor&#8221; (within the meaning of Rule <a name="DocXTextRef84"></a>501(a)
              under the Securities Act) satisfying the applicable requirements set forth on <a name="DocXTextRef82"></a><u>Schedule A</u>, (ii) is acquiring the Acquired Shares only for its own account and not for the account of others, or if Subscriber
              is a &#8220;qualified institutional buyer&#8221; or an &#8220;accredited investor&#8221; and is subscribing for the Acquired Shares as a fiduciary or agent for one or more investor accounts, each owner of such account is a &#8220;qualified institutional buyer&#8221; or an
              &#8220;accredited investor&#8221; and Subscriber has full investment discretion with respect to each such account, and the full power and authority to make the acknowledgements, representations and agreements herein on behalf of each owner of each such
              account, and (iii) is not acquiring the Acquired Shares with a view to, or for offer or sale in connection with, any distribution thereof in violation of the Securities Act or any other securities laws of the United States or any other
              jurisdiction (and shall provide the requested information on <a name="DocXTextRef83"></a><u>Schedule A</u> following the signature page hereto). Subscriber is not an entity formed for the specific purpose of acquiring the Acquired Shares,
              unless such newly formed entity is an entity in which all of the equity owners are &#8220;accredited investors&#8221; (within the meaning of Rule <a name="DocXTextRef85"></a>501(a) under the Securities Act).</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z380f3453938d40d8b1e45ceb81ff69ea">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref63321520"></a><a name="z_Ref63355390"></a><font style="color: #000000;">(f)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Subscriber understands that the Acquired Shares are being offered in a transaction not involving any public offering within the meaning of the Securities Act and that the Acquired Shares have not been registered under the Securities Act or
              any other securities laws of the United States or any other jurisdiction. Subscriber understands that it is acquiring its entire beneficial ownership interest in the Acquired Shares for Subscriber&#8217;s own account for investment purposes only
              and not with a view to any distribution of the Acquired Shares in any manner that would violate the securities laws of the United States or any other jurisdiction. Subscriber understands that the Acquired Shares may not be resold,
              transferred, pledged or otherwise disposed of by Subscriber absent an effective registration statement under the Securities Act, except <a name="DocXTextRef89"></a>(i) to the Issuer or a subsidiary thereof, (ii) pursuant to offers and sales
              that occur in an &#8220;offshore transaction&#8221; within the meaning of Regulation S under the Securities Act, (iii) pursuant to Rule <a name="DocXTextRef88"></a>144 under the Securities Act (&#8220;<u>Rule 144</u>&#8221;), provided that all of the applicable
              conditions thereof (including those set out in Rule <a name="DocXTextRef87"></a>144(i) which are applicable to the Issuer) have been met, or (iv) pursuant to another applicable exemption from the registration requirements of the Securities
              Act, including pursuant to a private sale effected under Section 4(a)(7) of the Securities Act or applicable formal or informal Commission interpretation or guidance, such as a so-called &#8220;4(a)(1&#189;)&#8221; sale, and that any certificates or
              book-entry records representing the Acquired Shares shall contain a legend to such effect. Subscriber understands and agrees that the Acquired Shares will be subject to the foregoing restrictions and, as a result, Subscriber may not be able
              to readily resell the Acquired Shares and may be required to bear the financial risk of an investment in the Acquired Shares for an indefinite period of time. Subscriber understands that it has been advised to consult legal counsel prior to
              making any offer, resale, pledge or transfer of any of the Acquired Shares.&#160; By making the representations herein, Subscriber does not agree to hold any of the Acquired Shares for any minimum or other specific term and reserves the right to
              assign, transfer or otherwise dispose of any of the Acquired Shares at any time in accordance with or pursuant to a registration statement or an exemption under the Securities Act.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zba9d2eaafd964630a14a4da30737d8fb">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107794"></a><font style="color: #000000;">(g)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Subscriber acknowledges and agrees that the book-entry position representing the Acquired Shares will bear or reflect, as applicable, a legend substantially similar to the following:</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">7</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; margin-right: 36pt; margin-left: 108pt;">&#8220;THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE &#8220;SECURITIES ACT&#8221;), OR ANY STATE SECURITIES LAWS. THE
      HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF THE ISSUER THAT THESE SECURITIES MAY NOT BE OFFERED, RESOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF BY THE HOLDER ABSENT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
      SECURITIES ACT EXCEPT <a name="DocXTextRef93"></a>(I) TO THE ISSUER OR A SUBSIDIARY THEREOF, (II) TO NON-U.S. PERSONS PURSUANT TO OFFERS AND SALES THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT,
      SUBJECT TO THE OWNERSHIP RESTRICTIONS SET FORTH IN THE SECOND AMENDED AND RSTATED ARTICLES OF INCORPORTION OF MESA AIR GROUP, INC., OR (III) PURSUANT TO ANOTHER APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, AND IN
      EACH CASE IN ACCORDANCE WITH APPLICABLE SECURITIES LAWS OF THE STATES OF THE UNITED STATES AND THE APPLICABLE LAWS OF ANY OTHER JURISDICTION.&#8221;</div>
    <div><br>
    </div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107795"></a><font style="color: #000000;">(h)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Subscriber understands and agrees that Subscriber is purchasing the Acquired Shares directly from the Issuer. Subscriber further acknowledges that there have been no, and in purchasing the Acquired Shares, Subscriber is not relying on any,
              representations, warranties, covenants or agreements made to Subscriber by the Issuer, its subsidiaries or any of their affiliates or any control Persons, officers, directors, partners, agents or representatives, or any other Person,
              expressly or by implication, other than those representations, warranties, covenants and agreements expressly stated in <a name="DocXTextRef95"></a><u>Section </u><font style="color: #000000;"><u>3</u></font> of this Subscription Agreement
              and Section 9.1 of the A&amp;R CPA.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z19c6b609de46443094899a75f817b24f">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107796"></a><font style="color: #000000;">(i)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>To the extent applicable to it, Subscriber represents and warrants that its acquisition and holding of the Acquired Shares will not constitute or result in a non-exempt prohibited transaction under <a name="DocXTextRef97"></a>section <a name="DocXTextRef96"></a>406 of ERISA, section 4975 of the Internal Revenue Code of 1986, as amended (the &#8220;<u>Code</u>&#8221;), or any applicable similar law.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107797"></a><font style="color: #000000;">(j)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div><font style="color: #000000;">In making its decision to purchase the Acquired Shares, Subscriber represents that it has conducted and completed its own independent due diligence, to the extent deemed appropriate by Subscriber, and has
                independently made its own analysis and decision with respect to the Subscription. Subscriber further represents that, except for the representations, warranties, covenants and agreements made by the Issuer herein, it is relying exclusively
                on its own sources of information, investment analysis and due diligence, to the extent deemed appropriate by Subscriber (including professional advice Subscriber deems appropriate) with respect to the Subscription, the Acquired Shares and
                the business, condition (financial and otherwise), management, operations, properties and prospects of the Issuer, including but not limited to all business, legal, regulatory, accounting, credit and tax matters. Subscriber acknowledges and
                agrees that it has received, reviewed and understood the offering materials made available to it in connection with the Subscription and such other information as Subscriber deems necessary in order to make an investment decision with
                respect to the Acquired Shares. Subscriber represents and agrees that Subscriber and Subscriber&#8217;s professional advisor(s), if any, have had the full opportunity to ask such questions, receive such answers and obtain such information from
                the Issuer directly as Subscriber and such Subscriber&#8217;s professional advisor(s), if any, have deemed necessary to make an investment decision with respect to the Acquired Shares. However, neither any such inquiries, nor any due diligence
                investigation conducted by Subscriber or any of Subscriber&#8217;s professional advisors nor anything else contained herein, shall modify, limit or otherwise affect Subscriber&#8217;s right to rely on the Issuer&#8217;s representations, warranties, covenants
                and agreements contained in this Subscription Agreement.</font><a name="z_Hlk66875208"></a></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">8</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z402fa8dd1e3a40309c827c5f98b756e9">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107798"></a><font style="color: #000000;">(k)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Subscriber acknowledges that it is not relying upon, and has not relied upon, any statement, representation or warranty made by any Person (including, without limitation, the Issuer or any of its affiliates or any control Persons,
              officers, directors, employees, agents or representatives of any of the foregoing), other than the representations and warranties of the Issuer contained in <u>Section 3</u> of this Subscription Agreement and Section 9.1 of the A&amp;R CPA,
              in making its investment or decision to invest in the Issuer.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd49a4fcf6c0b463499bca7a42e36cf54">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107799"></a><font style="color: #000000;">(l)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Subscriber became aware of this offering of the Acquired Shares solely by means of direct contact between Subscriber and the Issuer, and the Acquired Shares were offered to Subscriber solely by direct contact between Subscriber and the
              Issuer. Subscriber did not become aware of this offering of the Acquired Shares, nor were the Acquired Shares offered to Subscriber, by any other means.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7401e1b5e28042cf9151c9f29f070e09">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107800"></a><font style="color: #000000;">(m)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Subscriber acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Acquired Shares. Subscriber has such knowledge and experience in financial, business and private equity matters as to
              be capable of evaluating the merits and risks of an investment, both in general and with regard to transactions and investment strategies involving a security or securities, including Subscriber&#8217;s investment in the Acquired Shares, and
              Subscriber has sought such accounting, legal and tax advice as Subscriber has considered necessary to make an informed investment decision.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc31f63c780094945a8956dada1af9f80">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107801"></a><font style="color: #000000;">(n)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Subscriber represents and acknowledges that, alone, or together with any professional advisor(s), Subscriber has analyzed and fully considered the risks of an investment in the Acquired Shares and determined that the Acquired Shares are a
              suitable investment for Subscriber and that Subscriber is able at this time and in the foreseeable future to bear the economic risk of a total loss of Subscriber&#8217;s investment in the Issuer. Subscriber acknowledges specifically that a
              possibility of total loss exists.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4f248cd1919342039556a22b8c115b11">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107802"></a><font style="color: #000000;">(o)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Subscriber understands and agrees that no federal or state agency has passed upon or endorsed the merits of the offering of the Acquired Shares or made any findings or determination as to the fairness of this investment.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><a name="z_Ref122779641"></a><a name="z_Ref110107841"></a>5.&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160;&#160; <u>Preemptive Rights</u>.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z076746a0748d43fd98a57da5add949ba">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref122779643"></a><font style="color: #000000;">(a)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>To the extent permitted under Nasdaq rules,<font style="font-weight: bold;">&#160;</font>the Issuer hereby grants to Subscriber the right to purchase its Pro Rata Portion of any Equity Securities (other than any Excluded Securities) that the
              Issuer (or any of its subsidiaries) may from time to time propose to issue or sell to any Person. To the extent stockholder approval is required under the Nasdaq rules for the issuance or sale of Equity Securities as provided in this Section
              5 the Issuer may issue or sell Equity Securities to such other Persons prior to obtaining such stockholder approval; <font style="font-style: italic;">provided</font> that the Issuer shall use its reasonable best efforts to obtain such
              approval; and <font style="font-style: italic;">provided further</font> that, after receipt of such stockholder approval, the Issuer shall issue or sell the Equity Securities (if any) that Subscriber has irrevocably elected to purchase to
              Subscriber, on the terms set forth in the relevant Issuance Notice. For purposes of this Subscription Agreement, (A) &#8220;<u>Equity Securities</u>&#8221; means (i) any common stock issued by the Issuer or any of its subsidiaries, (ii) any preferred
              stock of the Issuer or any of its subsidiaries, and (iii) any securities convertible into or exchangeable for, or options, warrants or other rights to acquire, common or preferred stock issued by the Issuer or any of its subsidiaries, (B) &#8220;<u>Excluded
                Securities</u>&#8221; means Equity Securities issued in connection with: (i) a grant to any existing or prospective consultants, employees, officers or directors pursuant to any stock option, employee stock purchase or similar equity-based plans
              or other compensation agreement; (ii) any acquisition by the Issuer or any of its subsidiaries of the stock, assets, properties or business of any Person; (iii) a stock split, stock dividend or any similar recapitalization; or (iv) any
              issuance of warrants or other similar rights to purchase Issuer Common Stock to lenders or other institutional investors in any arm&#8217;s length transaction providing debt financing to the Issuer or any of its subsidiaries, and (C) &#8220;<u>Pro Rata
                Portion</u>&#8221; means, with respect to Subscriber, on any issuance date for Equity Securities, the number of Equity Securities equal to the product of (i) the total number of Equity Securities to be issued by the Issuer or any of its
              subsidiaries on such date and (ii) the fraction determined by dividing (x) the number of shares of Common Stock of the Issuer owned by Subscriber immediately prior to such issuance by (y) the total number of shares of Common Stock of the
              Issuer outstanding on such date immediately prior to such issuance.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">9</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z551bbbda84434f49b22711163632be69">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: #000000;">(b)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>The Issuer shall give written notice (an &#8220;<u>Issuance Notice</u>&#8221;) of any proposed issuance or sale described in Section 5(a) to Subscriber within five (5) business days following any meeting of the Issuer&#8217;s Board of Directors (or similar
              governing body of the applicable subsidiary) at which any such issuance or sale is approved or, if the approval of the Issuer&#8217;s Board of Directors (or similar governing body of the applicable subsidiary) is not required in connection with
              such issuance or sale, no less than ten (10) business days prior to the date of the proposed issuance or sale. The Issuance Notice shall, if applicable, be accompanied by a written offer from any prospective purchaser seeking to purchase
              Equity Securities (subject to any obligations of confidentiality with such prospective purchaser that would prevent disclosure of such written offer; <font style="font-style: italic;">provided</font>&#160;<font style="color: #000000;">that the
                Issuer shall provide to United a redacted copy of such offer to the extent permissible under the terms of such confidentiality agreement and shall use commercially reasonable efforts to seek a waiver and consent from the applicable person
                to share such offer with United</font>) and shall set forth the material terms and conditions of the proposed issuance, including:</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 108pt;"><font style="color: #000000;">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: #000000;">the number and class of the Equity Securities to be issued and the percentage of the outstanding shares of capital
        stock of the Issuer such issuance would represent;</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 108pt;"><font style="color: #000000;">(ii)</font>&#160;&#160;&#160;&#160; &#160; &#160;&#160; <font style="color: #000000;">the proposed issuance date, which shall be at least ten (10) </font>business days <font style="color: #000000;">from
        the date of the Issuance Notice; and</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 108pt;"><font style="color: #000000;">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: #000000;">the proposed purchase price per Equity Security.</font></div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za7d97cbb74f2440d8efc2fcb9510b941">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref122780641"></a><font style="color: #000000;">(c)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Subscriber shall for a period of ten (10) Business Days following the receipt of an Issuance Notice have the right to elect irrevocably to purchase its Pro Rata Portion of the Equity Securities at the purchase price set forth in the
              Issuance Notice by delivering a written notice to the Issuer. If, at the termination of such ten (10) business day period, Subscriber shall not have delivered such notice to the Issuer, Subscriber shall be deemed to have waived all of its
              rights under this Section 5 with respect to the purchase of such Equity Securities. The closing of any purchase by Subscriber shall be consummated concurrently with the consummation of the issuance or sale described in the Issuance Notice; <font style="font-style: italic;">provided, however</font>, that the closing of any purchase by Subscriber may be extended beyond the closing of the transaction in the Issuance Notice to the extent necessary to obtain any required approval or
              consent of a governmental authority or any other third party (and the Issuer and Subscriber shall use their respective reasonable best efforts to obtain such approvals).</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">10</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z20989ee4b2da4bd9a88a42a4ef765bc3">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref122779826"></a><font style="color: #000000;">(d)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Upon the expiration of the ten (10) business day period described in Section 5(c), the Issuer (or its subsidiary) shall be free, for a period of ninety (90) days, to sell such Equity Securities that Subscriber has not elected irrevocably
              to purchase on terms and conditions no more favorable to the purchasers thereof than those offered to Subscriber in the Issuance Notice delivered in accordance with Section 5(c). <font style="color: #000000;">If the proposed sale is not so
                consummated within such ninety (90) days period, the Equity Securities proposed to be sold may not be sold unless the Issuer again complies with this Section 5.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">6.&#160;&#160;&#160; &#160;&#160; &#160;&#160;&#160;&#160; <u>Miscellaneous</u>.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z615ff5ebb13d4f4ebf6ce023b2d2f89c">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107842"></a><font style="color: #000000;">(a)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Each party hereto acknowledges that the other party hereto and others will rely on the acknowledgments, understandings, agreements, representations and warranties contained in this Subscription Agreement.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zaab26b4e24f34cf4a0dc28a9cd10b5ad">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107843"></a><font style="color: #000000;">(b)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Each of the Issuer and Subscriber is entitled to rely upon this Subscription Agreement and is irrevocably authorized to produce this Subscription Agreement or a copy hereof to any interested party in any administrative or legal proceeding
              or official inquiry with respect to the matters covered hereby.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zdc32c4e9dd9e4ecab8dc8b6f6e5babcf">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107844"></a><font style="color: #000000;">(c)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>This Subscription Agreement may not be transferred or assigned without the prior written consent of the other party hereto, and any such attempted transfer or assignment shall be void; <font style="font-style: italic;">provided</font>
              that Subscriber has the right <font style="color: #000000;">assign or otherwise transfer its rights, benefits and obligations </font>under this agreement to any its affiliates without the prior consent of Issuer; <font style="font-style: italic; color: #000000;">provided</font><font style="color: #000000;">, </font><font style="font-style: italic; color: #000000;">however</font><font style="color: #000000;">, that no assignment of this Subscription Agreement shall relieve
                the assigning party of any liability or obligation under this Subscription Agreement</font>.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2385875352fa4f8aa66f2da49ca26447">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110104346"></a><font style="color: #000000;">(d)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>All of the representations and warranties contained in this Subscription Agreement shall survive the date of this Agreement. All of the covenants and agreements made by each party in this Subscription Agreement shall survive the date of
              this Agreement until the applicable statute of limitations or in accordance with their respective terms, if a shorter period.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd1395cf6ae6443bdb3842c1151dba3d3">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107845"></a><font style="color: #000000;">(e)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>The Issuer may request from Subscriber such additional information as the Issuer may deem reasonably necessary to evaluate the eligibility of Subscriber to acquire the Acquired Shares, and Subscriber shall provide such information as may
              be reasonably requested, to the extent readily available and to the extent consistent with its internal policies and procedures; <font style="font-style: italic;">provided</font>, that the Issuer agrees to keep any such information provided
              by Subscriber confidential.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb7973e1b22f54b658649582190c4c45c">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107846"></a><font style="color: #000000;">(f)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>This Subscription Agreement may not be amended, modified, waived or terminated except by an instrument in writing, signed by each of the parties hereto.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">11</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5c4414f31faf4858ac0df28aacbd53ec">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107847"></a><font style="color: #000000;">(g)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>This Subscription Agreement (including the schedule hereto) constitutes the entire agreement, and supersedes all other prior agreements, understandings, representations and warranties, both written and oral, among the parties, with respect
              to the subject matter hereof.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4713559db5834ba1a1d322291ce5764a">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107848"></a><font style="color: #000000;">(h)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Except as otherwise provided herein, this Subscription Agreement shall be binding upon, and inure to the benefit of the parties hereto and their heirs, executors, administrators, successors, legal representatives, and permitted assigns,
              and the agreements, representations, warranties, covenants and acknowledgments contained herein shall be deemed to be made by, and be binding upon, such heirs, executors, administrators, successors, legal representatives and permitted
              assigns.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6b7e9264390a4a8cba1b15338c8f06de">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107849"></a><font style="color: #000000;">(i)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>If any provision of this Subscription Agreement shall be invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions of this Subscription Agreement shall not in any way be affected or impaired
              thereby and shall continue in full force and effect.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf214a048147d42c59400a4ecfbb3cfce">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107850"></a><font style="color: #000000;">(j)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>This Subscription Agreement may be executed in two <a name="DocXTextRef221"></a>(<a name="DocXTextRef222"></a>2) or more counterparts (including by electronic means), all of which shall be considered one and the same agreement and shall
              become effective when signed by each of the parties and delivered to the other parties, it being understood that all parties need not sign the same counterpart.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za6f4b67f1111494b9a452ecac1eb5f2b">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107851"></a><font style="color: #000000;">(k)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Each party shall pay all of its own expenses in connection with this Subscription Agreement and the transactions contemplated by this Subscription Agreement.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z16560c687113448b9f55b0571461023f">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107852"></a><font style="color: #000000;">(l)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Except as otherwise provided in this Subscription Agreement, the Issuer shall be solely responsible for the fees of the Transfer Agent and stamp taxes associated with the issuance of the Acquired Shares.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7a9b60151af741b69fb5d66b7baede6a">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref63321568"></a><font style="color: #000000;">(m)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Any notice or communication required or permitted hereunder shall be in writing and either delivered personally, emailed or telecopied, sent by overnight mail via a reputable overnight carrier, or sent by certified or registered mail,
              postage prepaid, and shall be deemed to be given and received <a name="DocXTextRef229"></a>(i) when so delivered personally, (ii) upon receipt of an appropriate electronic answerback or confirmation when so delivered by telecopy (to such
              number specified below or another number or numbers as such party may subsequently designate by notice given hereunder), (iii) when sent, with no mail undeliverable or other rejection notice, if sent by email, or (iv) five (5) business days
              after the date of mailing to the address below or to such other address or addresses as such party may hereafter designate by notice given hereunder:</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">if to Subscriber, to such address or addresses set forth on the signature page hereto;</div>
    <div>&#160;</div>
    <div style="margin-left: 108pt;">if to the Issuer, to:</div>
    <div>&#160;</div>
    <div style="margin-left: 144pt;">Mesa Air Group, Inc.</div>
    <div style="margin-left: 144pt;">410 N. 44th Street</div>
    <div style="margin-left: 144pt;">Suite 700</div>
    <div style="margin-left: 144pt;">Phoenix, AZ 85008</div>
    <div style="margin-left: 144pt;">Attention: President (with a copy to General Counsel)</div>
    <div style="margin-left: 144pt;">Facsimile No.: (602) 685-4350</div>
    <div style="margin-left: 144pt;">E-mail: michael.lotz@mesa-air.com, brad.rich@mesa-air.com, brian.gillman@mesa-air.com</div>
    <div style="margin-left: 144pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">12</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="margin-left: 108pt;">if to Subscriber, to:</div>
    <div>&#160;</div>
    <div style="margin-left: 144pt;">United Airlines Inc.</div>
    <div style="margin-left: 144pt;">233 S. Wacker Drive</div>
    <div style="margin-left: 144pt;">Chicago, Illinois 60606</div>
    <div style="margin-left: 144pt;">Attention:&#160;&#160;&#160; Senior Vice President and General Counsel</div>
    <div style="margin-left: 144pt;">Email:&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; bob.rivkin@united.com</div>
    <div><br>
    </div>
    <div style="margin-left: 108pt;">with a required copy to (which copy shall not constitute notice):</div>
    <div>&#160;</div>
    <div style="margin-left: 144pt;">Sidley Austin LLP</div>
    <div style="margin-left: 144pt;">1000 Louisiana Street, Suite 5900</div>
    <div style="margin-left: 144pt;">Houston, Texas 77002</div>
    <div style="margin-left: 144pt;">Attention:&#160;&#160;&#160;&#160;&#160; Kevin P. Lewis</div>
    <div style="margin-left: 198pt;">Atman Shukla</div>
    <div style="margin-left: 144pt;">Email:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; klewis@sidley.com</div>
    <div style="margin-left: 198pt;">ashukla@sidley.com</div>
    <div><br>
    </div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref110107854"></a><font style="color: #000000;">(n)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>The parties hereto agree that irreparable damage would occur in the event that any of the provisions of this Subscription Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly
              agreed that the parties shall be entitled to seek an injunction or injunctions to prevent breaches of this Subscription Agreement and to enforce specifically the terms and provisions of this Subscription Agreement, this being in addition to
              any other remedy to which such party is entitled at law, in equity, in contract, in tort or otherwise.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6098bf9b50474d4f87495ec01735eb12">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;"><a name="z_Ref63321580"></a><font style="color: #000000;">(o)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>This Subscription Agreement, and any claim or cause of action hereunder based upon, arising out of or related to this Subscription Agreement (whether based on law, in equity, in contract, in tort or any other theory) or the negotiation,
              execution, performance or enforcement of this Subscription Agreement, shall be governed by and construed in accordance with the laws of the State of Delaware, without giving regard to the principles of conflicts of laws that would otherwise
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    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">THE PARTIES HERETO IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE COURT OF CHANCERY OF THE STATE OF DELAWARE (OR TO THE EXTENT SUCH COURT DOES NOT HAVE SUBJECT MATTER JURISDICTION, THE
      SUPERIOR COURT OF THE STATE OF DELAWARE), OR THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA LOCATED IN THE STATE OF DELAWARE SOLELY IN RESPECT OF THE INTERPRETATION AND ENFORCEMENT OF THE PROVISIONS OF THIS SUBSCRIPTION AGREEMENT AND THE
      TRANSACTIONS CONTEMPLATED HEREBY, AND HEREBY WAIVE, AND AGREE NOT TO ASSERT, AS A DEFENSE IN ANY ACTION, SUIT OR PROCEEDING FOR INTERPRETATION OR ENFORCEMENT HEREOF THAT SUCH ACTION, SUIT OR PROCEEDING MAY NOT BE BROUGHT OR IS NOT MAINTAINABLE IN
      SAID COURTS OR THAT VENUE THEREOF MAY NOT BE APPROPRIATE OR THAT THIS SUBSCRIPTION AGREEMENT MAY NOT BE ENFORCED IN OR BY SUCH COURTS, AND THE PARTIES HERETO IRREVOCABLY AGREE THAT ALL CLAIMS WITH RESPECT TO SUCH ACTION, SUIT OR PROCEEDING SHALL BE
      HEARD AND DETERMINED BY SUCH A DELAWARE STATE OR FEDERAL COURT. THE PARTIES HEREBY CONSENT TO AND GRANT ANY SUCH COURT JURISDICTION OVER THE PERSON OF SUCH PARTIES AND OVER THE SUBJECT MATTER OF SUCH DISPUTE AND AGREE THAT MAILING OF PROCESS OR OTHER
      PAPERS IN CONNECTION WITH SUCH ACTION, SUIT OR PROCEEDING IN THE MANNER PROVIDED IN <u>SECTION 6(m)</u> OR IN SUCH OTHER MANNER AS MAY BE PERMITTED BY LAW SHALL BE VALID AND SUFFICIENT SERVICE THEREOF.</div>
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      ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS SUBSCRIPTION AGREEMENT OR THE
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            <div>The headings herein are for convenience only, do not constitute a part of this Subscription Agreement and shall not be deemed to limit or affect any of the provisions hereof. The language used in this Subscription Agreement will be deemed
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        <tr>
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        <tr>
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        <tr>
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    <div style="text-align: justify;">Date: March 6, 2023</div>
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      <div style="text-align: center;">[<font style="font-style: italic;">Signature Page to Subscription Agreement</font>]</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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        <tr>
          <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 38%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
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        <tr>
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        <tr>
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          <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
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    <div>Date: March 6, 2023</div>
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    <div style="text-align: center; font-weight: bold;">SCHEDULE A</div>
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    <div>&#160;</div>
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            <div>QUALIFIED INSTITUTIONAL BUYER STATUS</div>
            <div>(Please check the applicable subparagraph<a name="DocXTextRef241"></a>s):</div>
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          <td style="width: 5%; vertical-align: top;">&#160;</td>
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            <div>(Please check each of the following subparagraph<a name="DocXTextRef242"></a>s):</div>
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    <div> <br>
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    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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      specific purpose of acquiring the securities offered, with total assets in excess of $5,<a name="DocXTextRef272"></a>000,<a name="DocXTextRef273"></a>000;</div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 36pt;">&#9744; Any trust, with total assets in excess of $5,<a name="DocXTextRef275"></a>000,<a name="DocXTextRef276"></a>000, not formed for the specific purpose of acquiring the securities offered, whose
      purchase is directed by a sophisticated person as described in Rule 506(b)(<a name="DocXTextRef277"></a>2)(ii) of the Securities Act;</div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 36pt;">&#9744; An entity, of a type not listed in any of the foregoing paragraphs, not formed for the specific purpose of acquiring the securities offered, owning investments in excess of $5,<a name="DocXTextRef279"></a>000,<a name="DocXTextRef280"></a>000;</div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 36pt;">&#9744; A &#8220;family office,&#8221; as defined in rule 202(a)(<a name="DocXTextRef283"></a>11)(G)-<a name="DocXTextRef284"></a>1 under the Investment Advisers Act of 1940 (<a name="DocXTextRef285"></a>17 CFR <a name="DocXTextRef281"></a>275.202(a)(<a name="DocXTextRef286"></a>11)(G)-<a name="DocXTextRef287"></a>1): <a name="DocXTextRef282"></a>(i) with assets under management in excess of $5,<a name="DocXTextRef289"></a>000,<a name="DocXTextRef290"></a>000,
      (ii) that is not formed for the specific purpose of acquiring the securities offered, and (iii) whose prospective investment is directed by a person who has such knowledge and experience in financial and business matters that such family office is
      capable of evaluating the merits and risks of the prospective investment;</div>
    <div style="text-align: justify; margin-left: 36pt;"> <br>
    </div>
    <div style="text-align: justify; margin-left: 36pt;">
      <div>
        <div style="text-align: center; font-style: italic;">[Schedule A to Subscription Agreement]</div>
      </div>
    </div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div style="text-align: justify; margin-left: 36pt;">&#9744; A &#8220;family client,&#8221; as defined in rule 202(a)(<a name="DocXTextRef292"></a>11)(G)-<a name="DocXTextRef293"></a>1 under the Investment Advisers Act of 1940 (<a name="DocXTextRef294"></a>17 CFR <a name="DocXTextRef291"></a>275.202(a)(<a name="DocXTextRef295"></a>11)(G)-<a name="DocXTextRef296"></a>1), of a family office meeting the requirements in the foregoing paragraph and whose prospective investment in the issuer is directed by such
      family office pursuant to clause (iii) in the foregoing paragraph;</div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 36pt;">&#9744; Any natural person whose individual net worth, or joint net worth with that person&#8217;s spouse, at the time of his purchase exceeds $<a name="DocXTextRef300"></a>1,<a name="DocXTextRef301"></a>000,000.&#160;
      For purposes of calculating a natural person&#8217;s net worth: <a name="DocXTextRef297"></a>(a) the person&#8217;s primary residence must not be included as an asset; <a name="DocXTextRef298"></a>(b) indebtedness secured by the person&#8217;s primary residence up
      to the estimated fair market value of the primary residence must not be included as a liability (except that if the amount of such indebtedness outstanding at the time of calculation exceeds the amount outstanding 60 days before such time, other than
      as a result of the acquisition of the primary residence, the amount of such excess must be included as a liability); and <a name="DocXTextRef299"></a>(c) indebtedness that is secured by the person&#8217;s primary residence in excess of the estimated fair
      market value of the residence must be included as a liability;</div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 36pt;">&#9744; Any natural person who had an individual income in excess of $<a name="DocXTextRef302"></a>200,<a name="DocXTextRef303"></a>000 in each of the two most recent years or joint income with that
      person&#8217;s spouse in excess of $<a name="DocXTextRef304"></a>300,<a name="DocXTextRef305"></a>000 in each of those years and has a reasonable expectation of reaching the same income level in the current year; or</div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 36pt;">&#9744; Any entity in which all of the equity owners are accredited investors meeting one or more of the above tests.</div>
    <div>&#160;</div>
  </div>
  <div>
    <div>
      <div style="text-align: center; font-style: italic;">[Schedule A to Subscription Agreement]</div>
    </div>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
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<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>3
<FILENAME>brhc10049485_ex99-3.htm
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
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    <div style="text-align: right; font-weight: bold;">Exhibit 99.3</div>
    <div><br>
    </div>
    <div style="text-align: right; font-style: italic; font-weight: bold;">Execution Version</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">REGISTRATION RIGHTS AGREEMENT</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">This REGISTRATION RIGHTS AGREEMENT (this &#8220;<u>A</u>g<u>reement</u>&#8221;), dated as of March 6, 2023, is by and among Mesa Air Group, Inc., a Nevada corporation (the &#8220;<u>Company</u>&#8221;), United Airlines,
      Inc., a Delaware corporation (the &#8220;<u>Investor</u>&#8221;), and the other Holders (as defined below) from time to time parties hereto.</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">RECITALS:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, on December 27, 2022, the Company, Mesa Airlines, Inc., a Nevada corporation, and
        Investor entered into that certain Third Amended and Restated Capacity Purchase Agreement (&#8220;<u>A&amp;R CPA</u>&#8221;), pursuant to which, among other matters, as part of the consideration of, and as a material inducement to the Investor to execute and
        deliver the A&amp;R CPA, Issuer agreed to issue to the Investor 4,042,061 shares (the &#8220;<u>Issued Shares</u>&#8221;) of the Issuer&#8217;s common stock, no par value per share (the &#8220;<u>Common Stock</u>&#8221;), and to grant certain registration rights to the
        Investor, in each case as contemplated by the terms set forth in Exhibit R to the A&amp;R CPA; and</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, in connection with the closing of the transactions contemplated by the A&amp;R CPA,
        the Company is granting to the Investor and the other Holders from time to time parties hereto, certain registration rights with respect to the Issued Shares, as set forth in this Agreement.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">NOW THEREFORE</font><font style="font-size: 10pt;">, in consideration of the mutual covenants and agreements set forth herein and
        for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each party hereto, the parties hereby agree as follows:</font></div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">ARTICLE I</div>
    <div style="text-align: center; font-weight: bold;"><u>DEFINITIONS</u></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">As used herein, the following terms shall have the following respective meanings:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>A&amp;R CPA</u>&#8221; has the meaning set forth in the recitals.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Adoption Agreement</u>&#8221; means an Adoption Agreement in the form attached hereto as <u>Exhibit A</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Affiliate</u>&#8221; means (a) as to any Person, other than an individual Holder, any other Person who directly, or indirectly through one or more intermediaries, controls, is controlled by or is under
      common control with such Person and (b) as to any individual, (i) any Relative of such individual, (ii) any trust whose primary beneficiaries are one or more of such individual and such individual&#8217;s Relatives, (iii) the legal representative or
      guardian of such individual or any of such individual&#8217;s Relatives if one has been appointed and (iv) any Person controlled by one or more of such individual or any Person referred to in clauses (i), (ii) or (iii) above. As used in this Agreement, the
      term &#8220;control,&#8221; including the correlative terms &#8220;controlling,&#8221; &#8220;controlled by&#8221; and &#8220;under common control with,&#8221; means possession, directly or indirectly, of the power to direct or cause the direction of management or policies (whether through
      ownership of securities or any partnership or other ownership interest, by contract or otherwise) of a Person. For the avoidance of doubt, for purposes of this Agreement, the Company, on the one hand, and the Holders, on the other hand, shall not be
      considered Affiliates.</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>A</u>g<u>reement</u>&#8221; has the meaning set forth in the introductory paragraph.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Board</u>&#8221; means the board of directors of the Company.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Business Da</u>y&#8221; means any day other than a Saturday, Sunday, any federal holiday or any other day on which banking institutions in the State of Texas or the State of New York are authorized or
      required to be closed by law or governmental action.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Commission</u>&#8221; means the Securities and Exchange Commission or any successor governmental agency.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Common Stock</u>&#8221; has the meaning set forth in the recitals.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Company</u>&#8221; has the meaning set forth in the introductory paragraph.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Company Securities</u>&#8221; has the meaning set forth in <u>Section 2.4(c)(i)</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Exchan</u>g<u>e Act</u>&#8221; means the Securities Exchange Act of 1934, as amended, or any successor federal statute, and the rules and regulations of the Commission thereunder, all as the same shall
      be in effect at the time.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Holder</u>&#8221; means any record holder of Registrable Securities.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Holders Securities</u>&#8221; has the meaning set forth in <u>Section 2.2(c)(i)</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Indemnified Par</u>ty&#8221; has the meaning set forth in <u>Section 3.3</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Indemnifying Party</u>&#8221; has the meaning set forth in <u>Section 3.3</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Investor</u>&#8221; has the meaning set forth in the introductory paragraph.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Issued Shares</u>&#8221; has the meaning set forth in the recitals.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Losses</u>&#8221; has the meaning set forth in <u>Section 3.1</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Ma</u>j<u>ority Holders</u>&#8221; shall mean, at any time, the Holder or Holders of more than fifty percent (50%) of the Registrable Securities at such time.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Mana</u>g<u>ing Underwriter</u>&#8221; means, with respect to any Underwritten Offering, the lead book-running manager(s) of such Underwritten Offering.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Opt-Out Notice</u>&#8221; has the meaning set forth in <u>Section 2.4(b)</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Permitted Transferee</u>&#8221; of a Holder means (i) any Affiliate of the Holder or (ii) any direct or indirect partner, shareholder or member of the Holder or any trust, family partnership or family
      limited liability company, the sole direct or indirect beneficiaries, partners or members of which are the Holder or Relatives of the Holder.</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
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    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Person</u>&#8221; means any individual, corporation, partnership, limited liability company, firm, association, trust, government, governmental agency or other entity, whether acting in an individual,
      fiduciary or other capacity.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Piggyback Underwritten Offering</u>&#8221; has the meaning set forth in <u>Section 2.4(a)</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Piggybacking Holder</u>&#8221; has the meaning set forth in <u>Section 2.4(a)</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Proceedin</u>g&#8221; shall mean an action, claim, suit, arbitration or proceeding (including, without limitation, an investigation or partial proceeding, such as a deposition), whether commenced or
      threatened.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Re</u>g<u>istrable Securities</u>&#8221; or &#8220;Registrable Security&#8221; shall mean (a) the Issued Shares and (b) any securities issued or issuable with respect to the Issued Shares by way of distribution,
      dividend, stock split or in connection with any reorganization or other recapitalization, merger, exchange, consolidation or otherwise; <font style="font-style: italic;">provided, however</font>, that a Registrable Security shall cease to be a
      Registrable Security when (i) such share has been disposed of pursuant to an effective Registration Statement, (ii) such share has been disposed of under Rule 144 or any other exemption from the registration requirements of the Securities Act as a
      result of which the Transferee thereof does not receive &#8220;restricted securities&#8221; as defined in Rule 144 under the Securities Act or (iii) such shares are freely tradeable by the Holder thereof without volume, manner of sale or other limitations or
      requirements under Rule 144 (including the current public information requirement of Rule 144(e)) and such Holder and its Affiliates collectively hold less than 5% of the outstanding shares of Common Stock.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Re</u>g<u>istration Expenses</u>&#8221; means all expenses incurred by the Company in complying with <u>Article II</u>, including, without limitation, all registration and filing fees, printing
      expenses, road show expenses, fees and disbursements of counsel and independent public accountants for the Company, fees and expenses (including counsel fees) incurred in connection with complying with state securities or &#8220;blue sky&#8221; laws, fees of the
      Financial Industry Regulatory Authority, Inc., fees of transfer agents and registrars, and the reasonable fees and disbursements of one special legal counsel to represent the Investor in an applicable Shelf Underwritten Offering or Piggyback
      Underwritten Offering not to exceed $25,000 per Shelf Underwritten Offering or Piggyback Underwritten Offering, but excluding any Selling Expenses.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Re</u>g<u>istration Statement</u>&#8221; means any registration statement of the Company filed or to be filed with the Commission under the Securities Act, including the related prospectus, amendments
      and supplements to such registration statement, and including pre- and post-effective amendments, and all exhibits and all material incorporated by reference in such registration statement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Relative</u>&#8221; means, with respect to any natural person: (a) such natural person&#8217;s spouse, (b) any lineal descendant, parent, grandparent, great grandparent or sibling or any lineal descendant of
      such sibling (in each case whether by blood or legal adoption), and (c) the spouse of a natural person described in clause (b) of this definition.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Requesting Holder</u>&#8221; has the meaning set forth in <u>Section 2.2(a)</u>.</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Required Shelf Filing Date</u>&#8221; means the 10th Business Day after the date of this Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Rule 144</u>&#8221; means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such rule may be amended from time to time, or any similar rule or regulation hereafter adopted by
      the Commission as a replacement thereto having substantially the same effect as such rule.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Section 2.2 Maximum Number of Shares</u>&#8221; has the meaning set forth in <u>Section 2.2(c)</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Securities Act</u>&#8221; means the Securities Act of 1933, as amended, or any successor federal statute, and the rules and regulations of the Commission thereunder, all as the same shall be in effect
      at the time. References to any rule under the Securities Act shall be deemed to refer to any similar or successor rule or regulation.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Sellin</u>g<u> Expenses</u>&#8221; means all (a) underwriting fees, discounts and selling commissions allocable to the sale of Registrable Securities, (b) transfer taxes allocable to the sale of the
      Registrable Securities and (c) costs or expenses related to any roadshows conducted in connection with the marketing of any Shelf Underwritten Offering.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Sellin</u>g<u> Holder</u>&#8221; means a Holder selling Registrable Securities pursuant to a Registration Statement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Shelf Piggybacking Holder</u>&#8221; has the meaning set forth in <u>Section 2.2(b)</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Shelf Re</u>g<u>istration Statement</u>&#8221; has the meaning set forth in <u>Section 2.1(a)</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Shelf Underwritten Offerin</u>g&#8221; has the meaning set forth in <u>Section 2.2(a)</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Shelf Underwritten Offerin</u>g<u> Request</u>&#8221; has the meaning set forth in <u>Section 2.2(a)</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Suspension Period</u>&#8221; has the meaning set forth in <u>Section 2.3</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Transfer</u>&#8221; means any offer, sale, pledge, encumbrance, hypothecation, entry into any contract to sell, grant of an option to purchase, short sale, assignment, transfer, exchange, gift, bequest
      or other disposition, direct or indirect, in whole or in part, by operation of law or otherwise. &#8220;<u>Transfer</u>,&#8221; when used as a verb, and &#8220;<u>Transferee</u>&#8221; and &#8220;<u>Transferor</u>&#8221; have correlative meanings.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Underwritten Offerin</u>g&#8221; means an offering (including an offering pursuant to a Shelf Registration Statement) in which shares of Common Stock are sold to an underwriter for reoffer.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<u>Underwritten Offerin</u>g<u> Filing</u>&#8221; means (a) with respect to a Shelf Underwritten Offering, a preliminary prospectus supplement (or prospectus supplement if no preliminary prospectus
      supplement is used) to the Shelf Registration Statement relating to such Shelf Underwritten Offering, and (b)&#160;with respect to a Piggyback Underwritten Offering, (i) a preliminary prospectus supplement (or prospectus supplement if no preliminary
      prospectus supplement is used) to an effective Shelf Registration Statement (other than the Shelf Registration Statement) or (ii) a Registration Statement, in each case relating to such Piggyback Underwritten Offering.</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">4</font></div>
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    </div>
    <div style="text-align: center; font-weight: bold;">ARTICLE II</div>
    <div style="text-align: center; font-weight: bold;"><u>REGISTRATION RIGHTS</u></div>
    <div>&#160;</div>
    <div style="text-indent: 36pt;">Section 2.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Shelf Registration</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; As soon as practicable, and in any event on or prior to the Required Shelf Filing Date, the Company shall prepare and file a &#8220;shelf&#8221; registration statement under the Securities Act to
      permit the resale of the Registrable Securities from time to time as permitted by Rule 415 under the Securities Act (or any similar provision adopted by the Commission then in effect) (the &#8220;<u>Shelf Re</u>g<u>istration Statement</u>&#8221;). The Company
      shall use its commercially reasonable efforts to cause such Registration Statement to become or be declared effective as soon as practicable after the filing thereof and, in any event, within 45 days after the date of this Agreement in the case of a
      Shelf Registration Statement on Form S-3 or 90 days after the date of this Agreement in the case of a Shelf Registration Statement on Form S-1. Following the effective date of the Shelf Registration Statement, the Company shall notify the Holders of
      the effectiveness of such Registration Statement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Shelf Registration Statement shall be on Form S-3 or, if Form S-3 is not then available to the Company, on Form S-1 or such other form of registration statement as is then available to
      effect a registration for resale of such Registrable Securities and shall contain a prospectus in such form as to permit any Holder to sell such Registrable Securities pursuant to Rule 415 under the Securities Act (or any successor or similar rule
      adopted by the Commission then in effect) at any time beginning on the effective date for such Registration Statement. The Shelf Registration Statement shall provide for the distribution or resale pursuant to any method or combination of methods
      legally available to the Holders.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Company shall use its commercially reasonable efforts to cause the Shelf Registration Statement to remain effective, and to be supplemented and amended as promptly as practicable to
      the extent necessary to ensure that the Shelf Registration Statement is available or, if not available, that another Registration Statement is available (which Registration Statement shall also be referred to herein as the Shelf Registration
      Statement), for the resale of all the Registrable Securities until all of the Registrable Securities have ceased to be Registrable Securities or the earlier termination of this Agreement (as to all Holders).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160; When effective, the Shelf Registration Statement (including the documents incorporated therein by reference) will comply as to form in all material respects with all applicable requirements
      of the Securities Act and the Exchange Act and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of any
      prospectus contained in the Shelf Registration Statement, in the light of the circumstances under which such statements are made).</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">5</font></div>
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    </div>
    <div style="text-align: justify; text-indent: 36pt;">Section 2.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Underwritten Shelf Offering Requests</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In the event that any Holder or group of Holders elects to dispose of Registrable Securities under a Registration Statement pursuant to an Underwritten Offering and reasonably expects
      gross proceeds of at least $2,000,000 from such Underwritten Offering (including proceeds attributable to any Registrable Securities included in such Underwritten Offering by any Shelf Piggybacking Holders), the Company shall, at the request (a &#8220;<u>Shelf
        Underwritten Offerin</u>g<u> Request</u>&#8221;) of such Holder or Holders (in such capacity, a &#8220;<u>Requesting Holder</u>&#8221;), enter into an underwriting agreement in a form as is customary in Underwritten Offerings of securities by the Company with the
      underwriter or underwriters selected by the Requesting Holders holding a majority of the shares of Common Stock expected to be sold in such Underwritten Offering (and reasonably acceptable to the Company) and shall take all such other reasonable
      actions as are requested by the Managing Underwriter of such Underwritten Offering and/or the Requesting Holders in order to expedite or facilitate the disposition of such Registrable Securities and, subject to <u>Section 2.2(c)</u>, the Registrable
      Securities requested to be included by any Shelf Piggybacking Holder (a &#8220;<u>Shelf Underwritten Offerin</u>g&#8221;); <font style="font-style: italic;">provided</font>, <font style="font-style: italic;">however</font>, that in the event any Holder or
      group of Holders elects to dispose of an amount of Registrable Securities equal to or greater than 25% of the number of Issued Shares under a Registration Statement pursuant to an Underwritten Offering, then such Underwritten Offering shall not be
      subject to any restriction on expected gross proceeds set forth in this <u>Section 2.2(a)</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; If the Company receives a Shelf Underwritten Offering Request, it will give written notice of such proposed Shelf Underwritten Offering to each Holder (other than the Requesting Holder),
      which notice shall include the anticipated filing date of the related Underwritten Offering Filing and, if known, the number of shares of Common Stock that are proposed to be included in such Shelf Underwritten Offering, and of such Holders&#8217; rights
      under this <u>Section 2.2(b)</u>. Such notice shall be given promptly (and in any event not later than two Business Days following receipt of the Shelf Underwritten Offering Request); <font style="font-style: italic;">provided</font>, that if the
      Shelf Underwritten Offering is a bought or overnight Underwritten Offering and the Managing Underwriter advises the Company and the Requesting Holder that the giving of notice pursuant to this <u>Section 2.2(b)</u> would adversely affect the
      offering, no such notice shall be required (and such Holders shall have no right to include Registrable Securities in such bought or overnight Underwritten Offering); and <font style="font-style: italic;">provided further</font>, that the Company
      shall not so notify any such other Holder that has notified the Company (and not revoked such notice) requesting that such Holder not receive notice from the Company of any proposed Shelf Underwritten Offering. If such notice is delivered pursuant to
      this <u>Section 2.2(b)</u>, each such Holder shall then have four Business Days (or one Business Day in the case of a bought or overnight Underwritten Offering) after the date on which the Holders received notice pursuant to this <u>Section 2.2(b)</u>
      to request inclusion of Registrable Securities in the Shelf Underwritten Offering (which request shall specify the maximum number of Registrable Securities intended to be disposed of by such Holder and such other information as is reasonably required
      to effect the inclusion of such Registrable Securities) (any such Holder making such request, a &#8220;<u>Shelf Piggybacking Holder</u>&#8221;). If no request for inclusion from a Holder is received within such period, such Holder shall have no further right to
      participate in such Shelf Underwritten Offering.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160; If the Managing Underwriter of the Shelf Underwritten Offering shall inform the Requesting Holder of its belief that the number of Registrable Securities requested to be included in such
      Shelf Underwritten Offering by the Holders (and any other shares of Common Stock requested to be included by any other Persons having registration rights with respect to such offering) would materially adversely affect such offering, then the Company
      shall include in the applicable Underwritten Offering Filing, to the extent of the total number of Registrable Securities that the Company is so advised can be sold in such Shelf Underwritten Offering without so materially adversely affecting such
      offering (the &#8220;<u>Section 2.2 Maximum Number of Shares</u>&#8221;), Registrable Securities in the following priority:</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">6</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 36pt; text-indent: 63pt;">&#160; (i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;First, all Registrable Securities that the Holders requested to be included therein (the &#8220;<u>Holders Securities</u>&#8221;) (<font style="font-style: italic;">pro rata </font>among
      the Holders based on the number of Registrable Securities each requested to be included), and</div>
    <div style="margin-left: 36pt; text-indent: 63pt;">&#160;</div>
    <div style="text-align: justify; margin-left: 36pt; text-indent: 63pt;">&#160; (ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Second, to the extent that the number of Holders Securities is less than the <u>Section 2.2</u> Maximum Number of Shares, the shares of Common Stock requested to be
      included by any other Persons having registration rights with respect to such offering, <font style="font-style: italic;">pro rata </font>among such other Persons based on the number of shares of Common Stock each requested to be included.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(d)&#160;&#160;&#160;&#160;&#160; The Requesting Holders shall determine the pricing of the Registrable Securities offered pursuant to any Shelf Underwritten Offering and the applicable underwriting discounts and commissions
      and determine the timing of any such Shelf Underwritten Offering, subject to <u>Section 2.3</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Each Holder shall have the right to withdraw their Registrable Securities from the Shelf Underwritten Offering at any time prior to the execution of an underwriting agreement with respect
      thereto by giving written notice to the Company of its request to withdraw.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 2.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Delay and Suspension Rights</u>. Notwithstanding any other provision of this Agreement, the Company may (i) delay effecting a Shelf Underwritten Offering or (ii) suspend the
      Holders&#8217; use of any prospectus that is a part of a Shelf Registration Statement upon written notice to each Holder whose Registrable Securities are included in such Shelf Registration Statement (provided that in no event shall such notice contain any
      material non-public information regarding the Company without the written consent of such Holder) (in which event such Holder shall discontinue sales of Registrable Securities pursuant to such Registration Statement but may settle any then-contracted
      sales of Registrable Securities), in each case for a period of up to 60 consecutive days, if the Board determines in good faith (A) that such delay or suspension is in the best interest of the Company and its stockholders generally due to a pending
      material financing or other material transaction involving the Company, (B) that such registration or offering would render the Company unable to comply with applicable securities laws or (C) that such registration or offering would require
      disclosure of material information that the Company has a <font style="font-style: italic;">bona fide </font>business purpose for preserving as confidential (any such period, a &#8220;<u>Suspension Period</u>&#8221;); <font style="font-style: italic;">provided,
        however</font>, that in no event shall any Suspension Periods collectively exceed an aggregate of 60 days in any 180-day period or exceed an aggregate of 120 days in any 12-month period. The Company shall promptly notify each Holder in writing of
      the date on which any Suspension Period ends.</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">7</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div style="text-align: justify; text-indent: 36pt;">Section 2.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Piggyback Registration Rights</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Subject to <u>Section 2.4(c)</u>, if the Company at any time proposes to file an Underwritten Offering Filing for an Underwritten Offering of shares of Common Stock for its own account
      or for the account of any other Persons who have or have been granted registration rights, other than the Holders (a &#8220;<u>Piggyback Underwritten Offering</u>&#8221;), it will give written notice of such Piggyback Underwritten Offering to each Holder, which
      notice shall include the anticipated filing date of the Underwritten Offering Filing and, if known, the number of shares of Common Stock that are proposed to be included in such Piggyback Underwritten Offering, and of such Holders&#8217; rights under this
      <u>Section 2.4(a)</u>. Such notice shall be given promptly (and in any event at least five Business Days before the filing of the Underwritten Offering Filing or two Business Days before the filing of the Underwritten Offering Filing in connection
      with a bought or overnight Underwritten Offering). If such notice is delivered pursuant to this <u>Section 2.4(a)</u>, each such Holder shall then have four Business Days (or two Business Days in the case of a bought or overnight Underwritten
      Offering) after the date on which the Holders received notice pursuant to this <u>Section 2.4(a)</u> to request inclusion of Registrable Securities in the Piggyback Underwritten Offering (which request shall specify the maximum number of Registrable
      Securities intended to be disposed of by such Holder and such other information as is reasonably required to effect the inclusion of such Registrable Securities) (any such Holder making such request, a &#8220;<u>Piggybacking Holder</u>&#8221;). If no request for
      inclusion from a Holder is received within such period, such Holder shall have no further right to participate in such Piggyback Underwritten Offering. Subject to <u>Section 2.4(c)</u>, the Company shall use its commercially reasonable efforts to
      include in the Piggyback Underwritten Offering all Registrable Securities that the Company has been so requested to include by the Piggybacking Holders; <font style="font-style: italic;">provided, however</font>, that if, at any time after giving
      written notice of a proposed Piggyback Underwritten Offering pursuant to this <u>Section 2.4(a)</u> and prior to the execution of an underwriting agreement with respect thereto, the Company or such other Persons who have or have been granted
      registration rights, as applicable, shall determine for any reason not to proceed with or to delay such Piggyback Underwritten Offering, the Company shall give written notice of such determination to the Piggybacking Holders and (i) in the case of a
      determination not to proceed, shall be relieved of its obligation to include any Registrable Securities in such Piggyback Underwritten Offering (but not from any obligation of the Company to pay the Registration Expenses in connection therewith), and
      (ii) in the case of a determination to delay, shall be permitted to delay inclusion of any Registrable Securities for the same period as the delay in including the shares of Common Stock to be sold for the Company&#8217;s account or for the account of such
      other Persons who have or have been granted registration rights, as applicable.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; Each Holder shall have the right to withdraw its request for inclusion of its Registrable Securities in any Piggyback Underwritten Offering at any time prior to the execution of an
      underwriting agreement with respect thereto by giving written notice to the Company of its request to withdraw. Any Holder may deliver written notice (an &#8220;<u>Opt-Out Notice</u>&#8221;) to the Company requesting that such Holder not receive notice from the
      Company of any proposed Piggyback Underwritten Offering; <font style="font-style: italic;">provided, however</font>, that such Holder may later revoke any such Opt-Out Notice in writing. Following receipt of an Opt-Out Notice from a Holder (unless
      subsequently revoked), the Company shall not, and shall not be required to, deliver any notice to such Holder pursuant to this <u>Section 2.4</u> and such Holder shall no longer be entitled to participate in any Piggyback Underwritten Offering.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160; If the Managing Underwriter of the Piggyback Underwritten Offering shall inform the Company of its belief that the number of Registrable Securities requested to be included in such
      Piggyback Underwritten Offering, when added to the number of shares of Common Stock proposed to be offered by the Company or such other Persons who have or have been granted registration rights (and any other shares of Common Stock requested to be
      included by any other Persons having registration rights on parity with the Piggybacking Holders with respect to such offering), would materially adversely affect such offering, then the Company shall include in such Piggyback Underwritten Offering,
      to the extent of the total number of securities which the Company is so advised can be sold in such offering without so materially adversely affecting such offering, shares of Common Stock in the following priority:</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">8</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160; if the Piggyback Underwritten Offering is for the account of the Company, first, all shares of Common Stock that the Company proposes to include for its own account (the
      &#8220;<u>Company Securities</u>&#8221;), second, the shares of Common Stock that the Piggybacking Holders propose to include (<font style="font-style: italic;">pro rata </font>among the Piggybacking Holders based on the number of shares of Common Stock each
      requested to be included), and third, the shares of Common Stock that other Persons who have or have been granted registration rights propose to include (<font style="font-style: italic;">pro rata </font>among such other Persons based on the number
      of shares of Common Stock each requested to be included); or</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; if the Piggyback Underwritten Offering is for the account of any other Persons who have or have been granted registration rights, first, the shares of Common Stock that
      such other Persons propose to include (<font style="font-style: italic;">pro rata </font>among such other Persons based on the number of shares of Common Stock each requested to be included), second, all shares of Common Stock that the Piggybacking
      Holders propose to include (<font style="font-style: italic;">pro rata </font>among the Piggybacking Holders based on the number of shares of Common Stock each requested to be included), and third, the Company Securities.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 2.5&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Participation in Underwritten Offerings</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160; In connection with any Underwritten Offering contemplated by <u>Section 2.2</u> or <u>Section 2.4</u>, the underwriting agreement into which each Selling Holder and the Company shall
      enter into shall contain such representations, covenants, indemnities (subject to <u>Article III</u>) and other rights and obligations as are customary in Underwritten Offerings of securities by the Company, and the Company shall be entitled to
      designate counsel for the underwriters. No Selling Holder shall be required to make any representations or warranties to or agreements with the Company or the underwriters other than representations, warranties or agreements regarding such Selling
      Holder&#8217;s authority to enter into such underwriting agreement and to sell, and its ownership of, the securities being registered on its behalf, its intended method of distribution and any other representation required by law.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160; Any participation by the Piggybacking Holders in a Piggyback Underwritten Offering shall be in accordance with the plan of distribution of the Company or the other Persons who have
      registration rights, as applicable.</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">9</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div style="text-align: justify; text-indent: 72pt;">(c)&#160;&#160;&#160;&#160;&#160; In connection with any Piggyback Underwritten Offering in which any Piggybacking Holder includes Registrable Securities pursuant to <u>Section 2.4</u>, such Piggybacking Holder agrees (A)
      to supply any information reasonably requested by the Company in connection with the preparation of a Registration Statement and/or any other documents relating to such registered offering and (B) to execute and deliver any agreements and instruments
      being executed by all holders on substantially the same terms reasonably requested by the Company or the Managing Underwriter, as applicable, to effectuate such registered offering, including, without limitation, underwriting agreements (subject to <u>Section
        2.5(a)</u>), custody agreements, powers of attorney, questionnaires, and lock-ups or &#8220;hold back&#8221; agreements pursuant to which such Piggybacking Holder agrees with the Managing Underwriter not to sell or purchase any securities of the Company for
      the shorter of (i) the same period of time following the registered offering as is agreed to by the Company and the other participating holders (not to exceed the shortest number of days that any director of the Company, &#8220;executive officer&#8221; (as
      defined under Section 16 of the Exchange Act) of the Company or any stockholder of the Company (other than a Holder or director or employee of, or consultant to, the Company) who owns 10% or more of the outstanding shares contractually agrees with
      the underwriters of such Piggyback Underwritten Offering not to sell any securities of the Company following such Piggyback Underwritten Offering) and (ii) 60 days from the date of the execution of the underwriting agreement with respect to such
      Piggyback Underwritten Offering.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 2.6&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Registration Procedures</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In connection with its obligations under this <u>Article II</u>, the Company will take all reasonably necessary action to facilitate and effect the transactions contemplated thereby,
      including, but not limited to, the following:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;promptly prepare and file with the Commission such amendments and supplements to such Registration Statement and the prospectus used in connection therewith as may be
      necessary to keep such Registration Statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such Registration Statement until such time as all of such securities have
      been disposed of in accordance with the intended methods of disposition by the Selling Holder or Selling Holder thereof set forth in such Registration Statement;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; furnish to each Selling Holder, without charge, such number of conformed copies of such Registration Statement and of each such amendment and supplement thereto (in
      each case including, without limitation, all exhibits), such number of copies of the prospectus contained in such Registration Statement (including without limitation each preliminary prospectus and any summary prospectus) and any other prospectus
      filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such Selling Holder may reasonably request;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160; if applicable, use its commercially reasonable efforts to register or qualify all Registrable Securities and other securities covered by such Registration Statement
      under such other securities or blue sky laws of such jurisdictions as each Selling Holder thereof shall reasonably request, to keep such registration or qualification in effect for so long as such Registration Statement remains in effect, and to take
      any other action which may be reasonably necessary or advisable to enable such Selling Holder to consummate the disposition in such jurisdictions of the securities owned by such Selling Holder, except that the Company shall not for any such purpose
      be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this clause (iii) be obligated to be so qualified or to consent to general service of process in any such
      jurisdiction;</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">10</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160; use its commercially reasonable efforts to provide to each Selling Holder and any underwriters a copy of any customary auditor &#8220;comfort&#8221; letters or legal opinions;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160; promptly notify each Selling Holder, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon
      the happening of any event as a result of which, the prospectus included in such Registration Statement, as then in effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary
      to make the statements therein not misleading in the light of the circumstances under which they were made, and at the request of any such Selling Holder promptly prepare and file or furnish to such Selling Holder a reasonable number of copies of a
      supplement or post-effective amendment to the Registration Statement or a supplement to the related prospectus or any document incorporated or deemed to be incorporated therein by reference, or file any other required document as may be necessary so
      that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein
      not misleading in the light of the circumstances under which they were made;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(vi)&#160;&#160;&#160;&#160;&#160;&#160;&#160; otherwise comply with all applicable rules and regulations of the Commission, and make available to its security holders, as soon as reasonably practicable, an earnings
      statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act, and shall furnish to each such Selling Holder at least the Business Day prior to the filing thereof a copy of any amendment or supplement to such
      Registration Statement or prospectus;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(vii)&#160;&#160;&#160;&#160;&#160; provide and cause to be maintained a transfer agent and registrar for all Registrable Securities covered by such Registration Statement from and after a date not later
      than the effective date of such Registration Statement;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(viii)&#160;&#160;&#160; in connection with the preparation and filing of any Registration Statement or any sale of Registrable Securities in connection therewith, the Company will give the
      Holders offering and selling thereunder, any underwriters and their respective counsels a reasonable opportunity (no less than two Business Days) to review and provide comments on such Registration Statement, each prospectus included therein or filed
      with the Commission, and each amendment thereof or supplement thereto (other than amendments or supplements that do not make any material change in the information related to the Company) (provided that the Company shall not file any such
      Registration Statement including Registrable Securities or an amendment thereto or any related prospectus or any supplement thereto to which such Holders or any underwriter shall reasonably object in writing), and give each of them, together with any
      underwriter, broker, dealer or sales agent involved therewith, such access to its books and records and such opportunities to discuss the business of the Company and its subsidiaries with its officers, its counsel, and the independent public
      accountants who have certified its financial statements as shall be necessary, in the opinion of the Holder&#8217;s and such underwriters&#8217; (or broker&#8217;s, dealer&#8217;s or sales agent&#8217;s, as the case may be) respective counsel, to conduct a reasonable due
      diligence investigation within the meaning of the Securities Act;</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">11</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(ix)&#160;&#160;&#160;&#160;&#160; use its commercially reasonable efforts to prevent the issuance of any order suspending the effectiveness of the Registration Statement, and, if any such order suspending
      the effectiveness of such Registration Statement is issued, shall promptly use its commercially reasonable efforts to obtain the withdrawal of such order at the earliest possible moment;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(x)&#160;&#160;&#160;&#160;&#160;&#160;&#160; promptly notify the Holders (i) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or the initiation or
      threat of any proceedings for that purpose, (ii) of any delisting or pending delisting of the Common Stock by any national securities exchange or market on which the Common Stock are then listed or quoted, and (iii) of the receipt by the Company of
      any notification with respect to the suspension of the qualification of any Registrable Securities for sale under the securities or &#8220;blue sky&#8221; laws of any jurisdiction or the initiation of any proceeding for such purpose;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(xi)&#160;&#160;&#160;&#160;&#160;&#160; cause all Registrable Securities covered by such Registration Statement to be listed on any securities exchange on which the Common Stock is then listed;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(xii)&#160;&#160;&#160;&#160;&#160; enter into such customary agreements, including but not limited to lock-up agreements by the Company (and, if reasonably requested by the Managing Underwriter(s), the
      Company&#8217;s directors and &#8220;executive officers&#8221; (as defined under Section 16 of the Exchange Act)) that extend through 60 days following the entrance into the corresponding underwriting agreement, and to take such other actions as the Holder or Holders
      shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities; and</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(xiii)&#160;&#160;&#160; cause its officers to use their commercially reasonable efforts to support the marketing of the Registrable Securities covered by the Registration Statement (including,
      without limitation, participation in electronic or telephonic &#8220;road shows&#8221;).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; Each Holder agrees by acquisition of such Registrable Securities that upon receipt of any notice from the Company of the happening of any event of the kind described in <u>Section
        2.6(a)(v)</u>, such Holder will forthwith discontinue such Holder&#8217;s disposition of Registrable Securities pursuant to the Registration Statement until such Holder&#8217;s receipt of the copies of the supplemented or amended prospectus contemplated by <u>Section
        2.6(a)(v)</u> as filed with the Commission or until it is advised in writing by the Company that the use of such Registration Statement may be resumed, and, if so directed by the Company, will deliver to the Company (at the Company&#8217;s expense) all
      copies, other than permanent file copies, then in such Holder&#8217;s possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice. The Company may provide appropriate stop orders to enforce the
      provisions of this <u>Section 2.6(b)</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 2.7&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Cooperation by Holders</u>. The Company shall have no obligation to include Registrable Securities of a Holder in any Registration Statement or Underwritten Offering if such
      Holder has failed to timely furnish such information as the Company may, from time to time, reasonably request in writing regarding such Holder and the distribution of such Registrable Securities that the Company determines, after consultation with
      its counsel, is reasonably required in order for any registration statement or prospectus supplement, as applicable, to comply with the Securities Act.</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">12</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Section 2.8&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Expenses</u>. The Company shall be responsible for all Registration Expenses incident to its performance of or compliance with its obligations under this <u>Article II</u>.
      Each Selling Holder shall pay its pro rata share of all Selling Expenses in connection with any sale of its Registrable Securities hereunder.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 2.9&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Additional Rights</u>. The Company is not currently a party to any agreement with respect to its securities that in any way violates or subordinates rights granted to the
      Holders by this Agreement. From and after the date hereof, the Company shall not, without the prior written consent of the Majority Holders, enter into or amend any agreement with any current or future holder of any securities of the Company that
      would allow such current or future holder to require the Company to include securities in any registration statement filed by the Company for such holders on a basis other than expressly subordinate to, the piggyback rights of the Holders hereunder;
      <font style="font-style: italic;">provided</font>, that in no event shall the Company enter into any agreement that would permit another holder of securities of the Company to participate on a <font style="font-style: italic;">pari passu</font>
      basis (in terms of priority of cut-back based on advice of underwriters) with a Requesting Holder in a Shelf Underwritten Offering.</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">ARTICLE III</div>
    <div style="text-align: center; font-weight: bold;"><u>INDEMNIFICATION AND CONTRIBUTION</u></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 3.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Indemnification by the Company</u>. The Company will indemnify and hold harmless each Holder, its officers and directors and each Person (if any) that controls such Holder
      within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act from and against any and all losses, claims, damages, liabilities, costs (including costs of preparation and attorneys&#8217; fees and any legal or other fees
      or expenses incurred by such Person in connection with any investigation or Proceeding), expenses, judgments, fines, penalties, charges and amounts paid in settlement (&#8220;<u>Losses</u>&#8221;) as incurred, caused by, arising out of or based upon, resulting
      from or related to any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement or prospectus relating to the Registrable Securities (as amended or supplemented if the Company shall have furnished any
      amendments or supplements thereto) or any preliminary prospectus, any filing made in connection with the qualifications of the offering under the securities or other blue sky laws of any jurisdiction in which Registrable Securities are offered, or
      any other offering document (including any related notification, or the like) incident to any such registration, qualification, or compliance, or based on any or any omission or alleged omission to state therein a material fact required to be stated
      therein or necessary to make the statements therein not misleading (in the case of any prospectus, in the light of the circumstances under which such statement is made), or any violation by the Company of this Agreement, the Securities Act or the
      Exchange Act, or any rule or regulation thereunder applicable to the Company and relating to action or inaction required of the Company in connection with any such registration, qualification, or compliance, and <font style="color: rgb(0, 0, 0);">shall
        reimburse each Holder, its directors and officers, and each controlling Person for any legal or other expenses reasonably incurred by any of them in connection with any investigation or defending such claim</font>; <font style="font-style: italic;">provided, however</font>, that <font style="color: rgb(0, 0, 0);">the indemnity agreement contained in this <u>Section 3.1</u></font> shall not apply to that portion of such Losses caused by, or arising out of, any untrue statement, or
      alleged untrue statement or any such omission or alleged omission, to the extent such statement or omission was made in reliance upon and in conformity with information furnished in writing to the Company by or on behalf of such Holder expressly for
      use therein.</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">13</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div style="text-align: justify; text-indent: 36pt;">Section 3.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Indemnification by the Holders</u>. Each Holder agrees to indemnify and hold harmless the Company, its officers and directors and each Person (if any) that controls the
      Company within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act from and against any and all Losses caused by, arising out of, resulting from or related to any untrue statement or alleged untrue statement of a
      material fact contained in any Registration Statement or prospectus relating to Registrable Securities (as amended or supplemented if the Company shall have furnished any amendments or supplements thereto) or any preliminary prospectus, or any
      omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of any prospectus, in the light of the circumstances under which such statement is
      made), only to the extent such statement or omission was made in reliance upon and in conformity with information furnished in writing by or on behalf of such Holder expressly for use therein,<font style="color: rgb(0, 0, 0);"> and shall reimburse
        the Company, its directors and officers, and each controlling Person for any legal or other expenses reasonably incurred by any of them in connection with any investigation or defending such claim; </font><font style="font-style: italic; color: rgb(0, 0, 0);">provided</font><font style="color: rgb(0, 0, 0);">, </font><font style="font-style: italic; color: rgb(0, 0, 0);">however</font><font style="color: rgb(0, 0, 0);">, that the indemnity agreement contained in this <u>Section 3.2</u>
        shall not apply to amounts paid in settlement of any such claim or proceeding if such settlement is effected without the consent of the Holder, which consent shall not be unreasonably withheld. Each selling Holder&#8217;s indemnification obligations
        hereunder shall be several and not joint and several and shall be limited to the amount of any net proceeds actually received by such selling Holder, except in the case of fraud or willful misconduct by such Holder</font>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 3.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Indemnification Procedures</u>. In case any Proceeding (including any governmental investigation) shall be instituted involving any Person in respect of which indemnity may be
      sought pursuant to <u>Section 3.1</u> or <u>Section 3.2</u>, such Person (the &#8220;<u>Indemnified Par</u>ty&#8221;) shall promptly notify the Person against whom such indemnity may be sought (the &#8220;<u>Indemnifying Party</u>&#8221;) in writing (provided that the
      failure of the Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations under this <u>Article III</u>, except to the extent the Indemnifying Party is actually and materially prejudiced by such
      failure to give notice), and the Indemnifying Party shall be entitled to participate in such Proceeding and, unless in the reasonable opinion of outside counsel to the Indemnified Party a conflict of interest between the Indemnified Party and
      Indemnifying Party may exist in respect of such claim, to assume the defense thereof jointly with any other Indemnifying Party similarly notified, to the extent that it chooses, with counsel reasonably satisfactory to such Indemnified Party, and
      after notice from the Indemnifying Party to such Indemnified Party that it so chooses, the Indemnifying Party shall not be liable to such Indemnified Party for any legal or other expenses subsequently incurred by such Indemnified Party in connection
      with the defense thereof other than reasonable costs of investigation; <font style="font-style: italic;">provided</font>, <font style="font-style: italic;">however</font>, that (i) if the Indemnifying Party fails to assume the defense or employ
      counsel reasonably satisfactory to the Indemnified Party, (ii) if such Indemnified Party who is a defendant in any action or Proceeding that is also brought against the Indemnifying Party reasonably shall have concluded that there may be one or more
      legal defenses available to such Indemnified Party that are not available to the Indemnifying Party or (iii) if representation of both parties by the same counsel is otherwise inappropriate under applicable standards of professional conduct then, in
      any such case, the Indemnified Party shall have the right to assume or continue its own defense as set forth above (but with no more than one firm of counsel for all Indemnified Parties in each jurisdiction, except to the extent any Indemnified Party
      or Parties reasonably shall have concluded that there may be legal defenses available to such party or parties that are not available to the other Indemnified Parties or to the extent representation of all Indemnified Parties by the same counsel is
      otherwise inappropriate under applicable standards of professional conduct) and the Indemnifying Party shall be liable for any expenses therefor. No Indemnifying Party shall, without the written consent of the Indemnified Party, effect the settlement
      or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification or contribution may be sought hereunder (whether or not the Indemnified Party is an actual or
      potential party to such action or claim) unless such settlement, compromise or judgment (A) includes an unconditional release of the Indemnified Party from all liability arising out of such action or claim and (B) does not include a statement as to,
      or an admission of, fault, culpability or a failure to act, by or on behalf of any Indemnified Party.</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">14</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Section 3.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Contribution</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; If the indemnification provided for in this <u>Article III</u> is unavailable to an Indemnified Party in respect of any Losses in respect of which indemnity is to be provided hereunder,
      then each Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall to the fullest extent permitted by law contribute to the amount paid or payable by such Indemnified Party as a result of such Losses in such proportion as is
      appropriate to reflect the relative fault of such party in connection with the statements or omissions that resulted in such Losses, as well as any other relevant equitable considerations. The relative fault of the Company (on the one hand) and a
      Holder (on the other hand) shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by such
      party and the parties&#8217; relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; The Company and each Holder agree that it would not be just and equitable if contribution pursuant to this <u>Article III</u> were determined by pro rata allocation or by any other method
      of allocation that does not take account of the equitable considerations referred to in <u>Section 3.4(a)</u>. The amount paid or payable by an Indemnified Party as a result of the losses, claims, damages or liabilities referred to in <u>Section
        3.4(a)</u> shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding the
      provisions of this <u>Article III</u>, no Holder shall be liable for indemnification or contribution pursuant to this <u>Article III</u> for any amount in excess of the net proceeds of the offering received by such Holder, less the amount of any
      damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities
      Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">15</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div>
      <div style="text-align: center; font-weight: bold;">ARTICLE IV</div>
      <div style="text-align: center; font-weight: bold;"><u>RULE 144; ASSISTANCE WITH TRANSFERS.</u></div>
    </div>
    <div style="text-indent: 36pt;"> <br>
    </div>
    <div style="text-indent: 36pt;">Section 4.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Rule 144</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; With a view to making available the benefits of certain rules and regulations of the Commission that may permit the resale of the Registrable Securities without registration, the Company
      agrees to use its commercially reasonable efforts to:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; make and keep public information regarding the Company available, as those terms are understood and defined in Rule 144 under the Securities Act, at all times from and
      after the date hereof;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; file with the Commission in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act at all times from and
      after the date hereof; and</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160; so long as a Holder owns any Registrable Securities, furnish (i) to the extent accurate, forthwith upon request, a written statement of the Company that it has complied
      with the reporting requirements of Rule 144 under the Securities Act and (ii) unless otherwise available via the Commission&#8217;s EDGAR filing system, to such Holder forthwith upon request a copy of the most recent annual or quarterly report of the
      Company, and such other reports and documents so filed as such Holder may reasonably request in availing itself of any rule or regulation of the Commission allowing such Holder to sell any such securities without registration.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 4.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Assistance with Transfers</u>. In connection with any sale or transfer of Registrable Securities by any Holder, including any sale or transfer pursuant to Rule 144 and other
      rules and regulations of the Commission that may at any time permit a Holder of Registrable Securities to sell securities of the Company to the public without registration, the Company shall, to the extent allowed by law, take any and all action
      necessary or reasonably requested by such Holder in order to permit or facilitate such sale or transfer, including, without limitation, at the sole expense of the Company, by (i) issuing such directions to any transfer agent, registrar or depositary,
      as applicable, (ii) delivering such opinions to the transfer agent, registrar or depositary as are customary for the transaction of this type and are reasonably requested by the same, and (iii) taking or causing to be taken such other actions as are
      reasonably necessary (in each case on a timely basis) in order to cause any legends, notations or similar designations restricting transferability of the Registrable Securities held by such Holder to be removed and to rescind any transfer
      restrictions with respect to such Registrable Securities; <font style="font-style: italic;">provided, however</font>, that such Holder shall deliver to the Company, in form and substance reasonably satisfactory to the Company, representation letters
      regarding such Holder&#8217;s compliance with such rules and regulations, as may be applicable. In addition, the Company, at its sole expense, shall use commercially reasonable efforts to remove any restrictive legend on any shares of Common Stock that are
      Registrable Securities upon request by the Holder if (A) such shares of Common Stock are sold pursuant to an effective registration statement or (B) a registration statement covering the resale of such shares of Common Stock is effective under the
      Securities Act and the applicable Holder delivers to the Company a representation letter agreeing that such shares of Common Stock will be sold under such effective registration statement.</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">16</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div style="text-align: center; font-weight: bold;">ARTICLE V</div>
    <div style="text-align: center; font-weight: bold;"><u>TRANSFER OR ASSIGNMENT OF RIGHTS</u></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The rights to cause the Company to register Registrable Securities under <u>Article II</u> of this Agreement may be transferred or assigned by each Holder to one or more Transferees or assignees of
      Registrable Securities if such Transferee is (i) a Permitted Transferee or (ii) acquiring at least $500,000 of Registrable Securities as determined by reference to the volume weighted average price for such Registrable Securities on any securities
      exchange or market on which the Common Stock are then listed or quoted for the five trading days immediately preceding the applicable determination date and such Transferee has delivered to the Company a duly executed Adoption Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">ARTICLE VI</div>
    <div style="text-align: center; font-weight: bold;"><u>MISCELLANEOUS</u></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 6.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Termination</u>. This Agreement shall terminate as to any Holder, when such Holder no longer owns any shares of Common Stock that constitute Registrable Securities; <font style="font-style: italic;">provided</font>, <font style="font-style: italic;">however</font>, that <u>Article III</u> shall survive any termination hereof.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 6.2&#160;&#160;&#160;&#160;&#160;&#160; <u>Severability</u>. If any provision of this Agreement shall be determined to be illegal and unenforceable by any court of law, the remaining provisions shall be severable and
      enforceable in accordance with their terms.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 6.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Remedies</u>. In the event of actual or potential breach by the Company of any of its obligations under this Agreement, each Holder, in addition to being entitled to exercise
      all rights granted by law and under this Agreement, including recovery of damages, will be entitled to specific performance of its rights under this Agreement. The Company agrees that monetary damages would not provide adequate compensation for any
      losses incurred by reason of a breach by it of any of the provisions of this Agreement and further agrees that, in the event of any action for specific performance in respect of such breach, it shall waive the defense that a remedy at law would be
      adequate.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 6.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Governing Law; Waiver of Jury Trial</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160; This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to principles of conflicts of laws that would direct the application
      of the laws of another jurisdiction.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;THE PARTIES HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY ANY PARTY AGAINST ANOTHER IN ANY MATTER WHATSOEVER ARISING OUT OF OR IN RELATION TO OR IN
      CONNECTION WITH THIS AGREEMENT. FURTHER, NOTHING HEREIN SHALL DIVEST A COURT OF COMPETENT JURISDICTION OF THE RIGHT AND POWER TO GRANT A TEMPORARY RESTRAINING ORDER, TO GRANT TEMPORARY INJUNCTIVE RELIEF, OR TO COMPEL SPECIFIC PERFORMANCE OF ANY
      DECISION OF AN ARBITRAL TRIBUNAL MADE PURSUANT TO THIS PROVISION.</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">17</font></div>
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    <div style="text-align: justify; text-indent: 36pt;">Section 6.5&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Ad</u>j<u>ustments Affecting Registrable Securities</u>. The provisions of this Agreement shall apply to any and all shares of capital stock of the Company or any successor or
      assignee of the Company (whether by merger, consolidation, sale of assets or otherwise) that may be issued in respect of, in exchange for or in substitution for the Registrable Securities, by reason of any stock dividend, split, reverse split,
      combination, recapitalization, reclassification, merger, consolidation or otherwise in such a manner and with such appropriate adjustments as to reflect the intent and meaning of the provisions hereof and so that the rights, privileges, duties and
      obligations hereunder shall continue with respect to the capital stock of the Company as so changed.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 6.6&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Bindin</u>g<u> Effects; Benefits of Agreement</u>. This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns and each Holder
      and its successors and assigns. Except as provided in <u>Article V</u>, neither this Agreement nor any of the rights, benefits or obligations hereunder may be assigned or transferred, by operation of law or otherwise, by any Holder without the prior
      written consent of the Company.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 6.7&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Notices</u>. All notices or other communications that are required or permitted hereunder shall be in writing and shall be deemed to have been given if (i) personally
      delivered, (ii) sent by nationally recognized overnight courier, (iii) sent by registered or certified mail, postage prepaid, return receipt requested or (iv) email, addressed as follows:</div>
    <div>&#160;</div>
    <div style="text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If to the Company, to:</div>
    <div>&#160;</div>
    <div style="margin-left: 108pt;">Mesa Air Group, Inc.</div>
    <div style="margin-left: 108pt;">410 N. 44th Street</div>
    <div style="margin-left: 108pt;">Suite 700</div>
    <div style="margin-left: 108pt;">Phoenix, AZ 85008</div>
    <div style="margin-left: 108pt;">Attention: President (with a copy to General Counsel)</div>
    <div style="margin-left: 108pt;">Facsimile No.: (602) 685-4350</div>
    <div style="margin-left: 108pt;">Email: michael.lotz@mesa-air.com, brad.rich@mesa-air.com, brian.gillman@mesa-air.com</div>
    <div>&#160;</div>
    <div style="text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If to the Investor, to:</div>
    <div>&#160;</div>
    <div style="margin-left: 108pt;">United Airlines, Inc.</div>
    <div style="margin-left: 108pt;">233 S. Wacker Drive</div>
    <div style="margin-left: 108pt;">Chicago, IL 60606</div>
    <div style="margin-left: 108pt;">Attention:&#160;&#160;&#160; Senior Vice President and General Counsel</div>
    <div style="text-indent: 36pt; margin-left: 72pt;">Email:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;bob.rivkin@united.com</div>
    <div>&#160;</div>
    <div style="text-indent: 36pt; margin-left: 36pt;">with a copy to (which shall not constitute notice):</div>
    <div>&#160;</div>
    <div style="text-indent: 36pt; margin-left: 72pt;">Sidley Austin LLP</div>
    <div style="text-indent: 36pt; margin-left: 72pt;">1000 Louisiana Street, Suite 5900</div>
    <div style="margin-left: 108pt;">Houston, Texas 77002</div>
    <div style="margin-left: 108pt;">Attention:&#160;&#160;&#160;&#160; Kevin P. Lewis</div>
    <div style="margin-left: 162pt;">Atman Shukla</div>
    <div style="margin-left: 162pt;">Jon W. Daly</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">18</font></div>
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    <div style="text-indent: 36pt; margin-left: 72pt;">Email:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;klewis@sidley.com</div>
    <div style="margin-left: 162pt;">ashukla@sidley.com</div>
    <div style="margin-left: 162pt;">jdaly@sidley.com</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If to any other Holders, to their respective addresses set forth on the applicable Adoption Agreement;</div>
    <div>&#160;</div>
    <div style="text-align: justify;">or to such other address as the party to whom notice is to be given may have furnished to such other party in writing in accordance herewith. Any such communication shall be deemed to have been received (i) when
      delivered, if personally delivered, (ii) on the date sent if delivered by e-mail on a Business Day, or if not sent on a Business Day, on the first Business Day thereafter, (iii) the next Business Day after delivery, if sent by nationally recognized
      overnight courier, and (iv) on the third (3rd) Business Day following the date on which the piece of mail containing such communication is posted, if sent by first-class mail.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 6.8&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Modification; Waiver</u>. This Agreement may be amended, modified or supplemented only by a written instrument duly executed by the Company and the Majority Holders. No course
      of dealing between the Company and the Holders (or any of them) or any delay in exercising any rights hereunder will operate as a waiver of any rights of any party to this Agreement. The failure of any party to enforce any of the provisions of this
      Agreement will in no way be construed as a waiver of such provisions and will not affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 6.9&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u></u><u>Entire A</u>g<u>reement</u>. Except as otherwise expressly provided herein, this Agreement constitutes the entire agreement among the parties pertaining to the subject
      matter hereof and supersedes all prior and contemporaneous agreements and understandings of the parties in connection therewith.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Section 6.10&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Counterparts</u>. This Agreement may be executed in any number of counterparts, and each such counterpart shall be deemed to be an original instrument, but all such
      counterparts taken together shall constitute but one agreement.</div>
    <div>&#160;</div>
    <div style="text-align: center; font-style: italic;">[Signature Pages Follow]</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">19</font></div>
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    <div style="text-indent: 36pt;">IN WITNESS WHEREOF, each of the Parties has caused this Agreement to be executed by its undersigned duly authorized representative as of the date first written above.</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="font-weight: bold;">MESA AIR GROUP, INC.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div>By:</div>
          </td>
          <td style="width: 47%; vertical-align: top; border-bottom: 2px solid black;">
            <div>/s/ Mike Lotz</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Name: Mike Lotz</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Title: President</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; font-style: italic;">Signature Page to Registration Rights Agreement</div>
    <div style="text-align: center; font-style: italic;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="font-weight: bold;">UNITED AIRLINES, INC.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div>By:</div>
          </td>
          <td style="width: 47%; vertical-align: top; border-bottom: 2px solid black;">
            <div>/s/ Jonathan Ireland</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Name: Jonathan Ireland</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Title: SVP, Finance</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <div style="text-align: center; font-style: italic;">Signature Page to Registration Rights Agreement</div>
      <div style="text-align: center; font-style: italic;">&#160;</div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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    <div style="text-align: center; font-weight: bold;">EXHIBIT A</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">ADOPTION AGREEMENT</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">This Adoption Agreement (&#8220;<u>Adoption Agreement</u>&#8221;) is executed by the undersigned transferee (&#8220;<u>Transferee</u>&#8221;) pursuant to the terms of the Registration Rights Agreement, dated as of March 6,
      2023, among Mesa Air Group, Inc. (the &#8220;<u>Company</u>&#8221;), United Airlines, Inc. and the Holders party thereto (as amended from time to time, the &#8220;<u>Re</u>g<u>istration Rights Agreement</u>&#8221;). Terms used and not otherwise defined in this Adoption
      Agreement have the meanings set forth in the Registration Rights Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">By the execution of this Adoption Agreement, the Transferee agrees as follows:</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt; vertical-align: top;">1.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-size: 12pt;"><font style="font-size: 10pt;"><u>Acknowled</u>g<u>ement</u>. Transferee acknowledges that Transferee is acquiring certain shares of Common Stock of the Company, subject to the terms and conditions of Registration
                Rights Agreement, among the Company and the Holders party thereto.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4c87bb60c3f643139568dbdc054f8c27">

        <tr>
          <td style="width: 36pt; vertical-align: top;">2.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-size: 12pt;"><font style="font-size: 10pt;"><u>A</u>g<u>reement</u>. Transferee (i) agrees that the shares of Common Stock of the Company acquired by Transferee shall be bound by and subject to the terms of the Registration
                Rights Agreement, pursuant to the terms thereof, and (ii) hereby adopts the Registration Rights Agreement with the same force and effect as if he, she or it were originally a party thereto.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z70b8cd9094ee46c385f1841d2a8c9153">

        <tr>
          <td style="width: 36pt; vertical-align: top;">3.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-size: 12pt;"><font style="font-size: 10pt;"><u>Notice</u>. Any notice required as permitted by the Registration Rights Agreement shall be given to Transferee at the address listed beside Transferee&#8217;s signature below.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z70ad0a2f264246c089228601fdc16a20">

        <tr>
          <td style="width: 36pt; vertical-align: top;">4.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-size: 12pt;"><font style="font-size: 10pt;"><u>Joinder</u>. The spouse of the undersigned Transferee, if applicable, executes this Adoption Agreement to acknowledge its fairness and that it is in such spouse&#8217;s best interest,
                and to bind such spouse&#8217;s community interest, if any, in the shares of Common Stock and other securities referred to above and in the Registration Rights Agreement, to the terms of the Registration Rights Agreement.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="font-size: 12pt;"><font style="font-size: 10pt;"><u>Signature</u>:</font></div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 70%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 70%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>Address:</div>
    <div>Contact Person:</div>
    <div>Telephone No:</div>
    <div>Email:</div>
    <div>&#160;</div>
    <div><br>
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