


<PAGE>


                                                                     EXHIBIT 4.4


         THE WARRANT REPRESENTED BY THIS CERTIFICATE AND THE SHARES ISSUABLE
UPON EXERCISE THEREOF MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED OR
OTHERWISE DISPOSED OF, IN WHOLE OR IN PART, UNLESS ANY SUCH TRANSACTION IS
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR AN EXEMPTION FROM
THE REGISTRATION REQUIREMENTS UNDER SAID ACT IS AVAILABLE, AND THE COMPANY HAS
RECEIVED AN OPINION OF COUNSEL TO SUCH EFFECT, WHICH OPINION IS REASONABLY
SATISFACTORY TO THE COMPANY.

                            CPI AEROSTRUCTURES, INC.

                          COMMON STOCK PURCHASE WARRANT


         1. Number and Price of Shares of Common Stock Subject to Common Stock
Purchase Warrant. Subject to the terms and conditions hereinafter set forth,
(the "Holder"), is entitled to purchase from CPI Aerostructures, Inc., a New
York corporation (the "Company"), at any time and from time to time during the
period from April 3, 1996 (the "Commencement Date") until 5:00 p.m., Miami,
Florida Time, on April 2, 2001 (the "Expiration Date"), at which time this
Common Stock Purchase Warrant (the "Warrant") shall expire and become void, an
aggregate of shares (the "Warrant Shares") of the Company's common stock, $.001
par value per share (the "Common Stock"), which number of Warrant Shares is
subject to adjustment from time to time, as described below, upon payment
therefor of the exercise price of $1.00 per Warrant Share in lawful funds of the
United States of America, such amounts (the "Basic Exercise Price") being
subject to adjustment in the circumstances set forth hereinbelow. This
applicable Basic Exercise Price, until such adjustment is made and thereafter as
adjusted from time to time, is called the "Exercise Price." This Warrant is one
of a series of Common Stock Purchase Warrants dated April 3, 1996. The terms and
conditions of the Common Stock Purchase Warrants shall be identical in all
material respects except that the number of Warrant Shares to which the holder
is entitled to purchase may differ.

         2. Exercise of Warrant. This Warrant may be exercised in whole or in
part at any time from and after the Commencement Date and on or before the
Expiration Date, provided however, if such Expiration Date is a day on which
Federal or State chartered banking institutions located in the State of Florida
are authorized by law to close, then the Expiration Date shall be deemed to be
the next succeeding day which shall not be such a day, by presentation and
surrender to the Company at its principal office, or at the office of any
transfer agent for the Warrants ("Transfer Agent"), designated by the Company,
of this Warrant accompanied by the form of election to purchase on the last page
hereof signed by the Holder and upon payment of the Exercise Price for the
Warrant Shares purchased thereby, by cashier's check or by wire transfer of
immediately available funds. Notwithstanding anything contained herein to the
contrary, the Exercise Price for the Warrant may be satisfied by the delivery of
an unexercised portion of this Warrant to the Company or the Transfer Agent for
cancellation having a market value, as determined by the spread as of the date
of surrender equal to the difference between the then Exercise Price and the
market

                                                          

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price of the shares of Common Stock underlying this Warrant, equal to the
aggregate Exercise Price of the portion of this Warrant desired to be then
exercised. If this Warrant is exercised in part only, the Company or Transfer
Agent shall, promptly after presentation of this Warrant upon such exercise,
execute and deliver a new Warrant, dated the date hereof, evidencing the rights
of the Holder to purchase the balance of the Warrant Shares purchasable
hereunder upon the same terms and conditions herein set forth. This Warrant
shall be deemed to have been exercised immediately prior to the close of
business on the date of its surrender for exercise as provided above, and the
person entitled to receive the Warrant Shares or other securities issuable upon
such exercise shall be treated for all purposes as the holder of such shares of
record as of the close of business on such date. As promptly as practicable, the
Company shall issue and deliver to the person or persons entitled to receive the
same a certificate or certificates for the number of full Warrant Shares
issuable upon such exercise, together with cash in lieu of any fraction of a
share as provided below.

         3.       Registration Rights.

         3.1 If, at any time prior to the Expiration Date, the Holders of a
majority of the Warrants Shares shall give notice to the Company requesting that
the Company file with the Securities and Exchange Commission (the "Commission")
a registration statement (the "Registration Statement") relating to the Warrant
Shares, the Company shall promptly give written notice of such proposed
Registration Statement to the Holders of such Warrants or Warrant Shares, and to
any subsequent permissible transferee of any of the Warrants or Warrant Shares
(at the address of such persons appearing on the books of the Company or its
transfer agent) which notice shall offer to include the Warrant Shares in the
requested Registration Statement. The Company shall, as expeditiously as
possible, file and use its best efforts to cause to become effective under the
Securities Act of 1933, as amended (the "Securities Act"), the Registration
Statement covering such of the Warrant Shares as the Company has been requested
to register for disposition by the Holders thereof, to the extent required to
permit the public sale or other public disposition thereof by the Holders. The
Company shall cause the Registration Statement to remain effective for a period
of at least one hundred twenty (120) days from the effective date of the
Registration Statement or such earlier date as all of the Warrant Shares have
been sold or the Warrants expire (the "Effective Period"). The Holders shall
have the right to demand registration of the Warrant Shares as described above
on at least two separate occasions.

         3.2 In addition, if at any time during the five (5) years after the
Commencement Date, the Company shall prepare and file one or more registration
statements under the Securities Act, with respect to a public offering of equity
or debt securities of the Company, or of any such securities of the Company held
by its security holders, the Company will include in any such registration
statement such information as is required, and such number of Warrant Shares
held by the Holders thereof or their respective designees or transferees as may
be requested by them, to permit a public offering of the Warrant Shares so
requested; provided, however, that if, in the written opinion of the Company's
managing underwriter, if any, for such offering, the inclusion of the Warrant
Shares requested to be registered, when added to the securities being registered
by the Company or the selling security holder(s), would exceed the maximum
amount of the Company's securities that can be marketed without otherwise
materially and adversely affecting the entire offering, then the

                                        2

<PAGE>



Company may exclude from such offering that portion of the Warrant Shares
requested to be so registered, so that the total number of securities to be
registered is within the maximum number of shares that, in the opinion of the
managing underwriter, may be marketed without otherwise materially and adversely
affecting the entire offering, provided that at least a pro rata amount of the
securities that otherwise were proposed to be registered for other shareholders
is also excluded. The Company shall bear all fees and expenses incurred by it in
connection with the preparation and filing of such registration statement. In
the event of such a proposed registration, the Company shall furnish the then
Holders of Warrant Shares with not less than thirty (30) days' written notice
prior to the proposed date of filing of such registration statement. Such notice
shall continue to be given by the Company to Holders of Warrant Shares, with
respect to subsequent registration statements or post-effective amendments filed
by the Company, until such time as all of the Warrant Shares have been
registered or may be sold without registration under the Securities Act or
applicable state securities laws and regulations, and without limitation as to
volume, pursuant to Rule 144 of the Securities Act. The holders of Warrant
Shares shall exercise the rights provided for in this Subsection 3.2 by giving
written notice to the Company, within twenty (20) days of receipt of the
Company's notice of its intention to file a registration statement.

         3.3 The Company shall bear all expenses, incurred in the preparation
and filing of such registration statements or post-effective amendment (and
related state registrations, to the extent permitted by applicable law) and the
furnishing of copies of the preliminary and final prospectus thereof to the
Holder, other than expenses of the Holder's counsel, and other than sales
commissions incurred by the then holders with respect to the sale of such
securities. Notwithstanding anything contained herein to the contrary, with
respect to demand registration rights described in Subsection 3.2 above (the
"Demand Registration Rights"), the Company shall only be obligated to bear all
of such expenses with respect to the first Demand Registration Right requested
by a majority of the then holders of the Warrant Shares, provided that with
respect to any second Demand Registration Right, the expenses shall be borne by
the holders of the Warrant Shares included thereunder on a pro-rata basis with
the expenses to be borne by the Company with respect to any securities included
therein on behalf of the investors in the private offering to be conducted by
the Company pursuant to the letter of intent dated March 5, 1996 between the
Company and the Holder, and which pro-rata allocation shall be based on the
percentage of shares (including derivative securities) being registered
thereunder.

         3.4 In the event Placement Agent's Warrants are issued to Holder in
connection with the private placement contemplated by the letter of intent dated
March 5, 1996 between the Company and the Holder, any demand registration rights
with respect to the securities issued upon exercise of the Placement Agent's
Warrants and upon exercise of the warrants included in the Placement Agent's
Warrants (collectively, the "Placement Agent's Warrant Securities") will be
deemed to include the Warrant Shares, and to the extent said demand registration
rights are exercised, the demand registration rights provided under this Section
3 shall also be deemed exercised. In addition, any demand registration rights
with respect to the Warrant Shares will be deemed to include the Placement
Agent's Warrant Securities and to the extent said demand registration rights
under this Section 3 shall be exercised, the demand registration rights provided
for in the Placement Agent's Warrants shall also be deemed exercised.

                                        3

<PAGE>



         4. Reservation of Common Stock. The Company covenants that, during the
period this Warrant is exercisable, the Company will reserve from its authorized
and unissued Common Stock a sufficient number of shares of Common Stock to
provide for the issuance of the Warrant Shares upon the exercise of this
Warrant. This Company agrees that its issuance of this Warrant shall constitute
full authority to its officers who are charged with the duty of executing stock
certificates to execute and issue the necessary certificates for Warrant Shares
upon the exercise of this Warrant.

         5. No Shareholder Rights. This Warrant, as such, shall not entitle the
Holder to any rights of a shareholder of the Company, until the Holder has
exercised this Warrant in accordance with Section 2 hereof.

         6.       Adjustment of Exercise Price and Number of Warrant Shares.

         6.1 The number and kind of securities issuable upon the exercise of
this Warrant shall be subject to adjustment from time to time, and the Company
agrees to provide notice upon the happening of certain events, as follows:

                  a. If the Company is recapitalized through the subdivision or
combination of its outstanding shares of Common Stock into a larger or smaller
number of shares of Common Stock, the number of shares of Common Stock for which
this Warrant may be exercised shall be increased or reduced, as of the record
date for such recapitalization, in the same proportion as the increase or
decrease in the outstanding shares of Common Stock, and the Exercise Price shall
be adjusted so that the aggregate amount payable for the purchase of all of the
Warrant Shares issuable hereunder immediately after the record date for such
recapitalization shall equal the aggregate amount so payable immediately before
such record date.

                  b. If the Company declares a dividend on its Common Stock
payable in shares of its Common Stock or securities convertible into shares of
its Common Stock, the number of shares of Common Stock for which this Warrant
may be exercised shall be increased as of the record date for determining which
holders of Common Stock shall be entitled to receive such dividend, in
proportion to the increase in the number of outstanding shares of Common Stock
(and shares of Common Stock issuable upon conversion of all such securities
convertible into shares of Common Stock) as a result of such dividend, and the
Exercise Price shall be adjusted so that the aggregate amount payable for the
purchase of all the Warrant Shares issuable hereunder immediately after the
record date for such dividend shall equal the aggregate amount so payable
immediately before such record date.

                  c. If the Company effects a general distribution to holders of
its Common Stock, other than as part of the Company's dissolution or liquidation
or the winding up of its affairs, of any shares of its capital stock, any
evidence of indebtedness or any of its assets (other than cash, shares of Common
Stock or securities convertible into shares of Common Stock), the Company shall
give written notice to the Holder of any such general distribution at least
fifteen (15) days prior to the proposed record date in order to permit the
Holder to exercise this Warrant on or before the record date. There shall be no
adjustment in the number of shares of Common Stock for which this

                                        4

<PAGE>



Warrant may be exercised, or in the Exercise Price, by virtue of any such
general distribution, except as otherwise provided herein.

                  d. If the Company offers rights or warrants (other than the
Warrant) to all holders of its Common Stock which entitle them to subscribe to
or purchase additional shares of Common Stock or securities convertible into
shares of Common Stock, the Company shall give written notice of any such
proposed offering to the Holder at least fifteen (15) days prior to the proposed
record date in order to permit the Holder to exercise this Warrant on or before
such record date.

                  e. In the event an adjustment in the Exercise Price or the
number of Warrant Shares issuable hereunder is made under subsection a. or b.
above, and such an event does not occur, then any adjustments in the Exercise
Price or number of Warrant Shares issuable upon exercise of this Warrant that
were made in accordance with such subsection a. or b. shall be re-adjusted to
the Exercise Price and number of Warrant Shares as were in effect immediately
prior to the record date for such an event.

                  f. If and whenever the Company issues or sells, or in
accordance with Subsection 6.1 is deemed to have issued or sold, any shares of
its Common Stock for a consideration per share less than the Exercise Price in
effect immediately prior to the time of such issuance or sale (except for the
issuance or deemed issuance of securities in a transaction described in
paragraph g. of this Subsection 6.1), then immediately upon such issuance or
sale the Exercise Price will be reduced to an Exercise Price determined by
multiplying the Exercise Price in effect immediately prior to the issuance or
sale by a fraction, the numerator of which shall be the sum of (i) the number of
shares of Common Stock outstanding prior to the issuance or sale plus (ii) the
number of Warrant Shares issuable hereunder that the maximum aggregate amount of
consideration receivable by the Company upon such issuance or sale would
purchase at the Exercise Price in effect immediately prior to the issuance or
sale, and the denominator of which shall be the number of shares of Common Stock
deemed outstanding, as hereinafter determined, immediately after such issuance
or sale.

                  g. The following securities or transactions shall be excluded
from the operation of paragraph f. of this Subsection 6.1:

                           (i) The existence and any exercise of any option,
convertible promissory note, warrant, or other right to purchase Common Stock,
that is outstanding on the date hereof; and

                           (ii) Any grant or exercise of options for Common
Stock granted under the Company's stock option plans, in existence as of the
date hereof, provided said grant or exercise is not effectuated as a result of
any amendment to such plans subsequent to the date hereof, with an exercise
price equal to at least the fair market value of the shares of Common Stock on
the date of grant.

                  h. If the Company in any manner grants any rights or options
to subscribe for or to purchase Common Stock or any stock or other securities
convertible into or exchangeable for

                                        5

<PAGE>



Common Stock (such rights or options being herein called "Rights" and such
convertible or exchangeable stock or securities being herein called "Convertible
Securities"), and the price per share for which Common Stock is issuable upon
the exercise of such Rights or upon conversion or exchange of such Convertible
Securities is less than the Exercise Price in effect immediately prior to the
time of the granting of such Rights, then the total maximum number of shares of
Common Stock issuable upon the exercise of such Rights or upon conversion or
exchange of the total maximum amount of such Convertible Securities issuable
upon the exercise of such Rights will be deemed to be outstanding and to have
been issued and sold by the Company for such price per share. For purposes of
this Section, the "price per share for which Common Stock is issuable upon
exercise of such Rights or upon conversion or exchange of such Convertible
Securities" will be determined by dividing (i) the total amount, if any,
received or receivable by the Company as consideration for the granting of such
Rights, plus the minimum aggregate amount of additional consideration payable to
the Company upon exercise of all such Rights, plus, in the case of Rights that
relate to Convertible Securities, the minimum aggregate amount of additional
consideration, if any, payable to the Company upon the issuance or sale of such
Convertible Securities and the conversion or exchange thereof, by (ii) the total
maximum number of shares of Common Stock then issuable upon the exercise of such
Rights or upon the conversion or exchange of all Convertible Securities issuable
upon the exercise of such Rights. Except as otherwise provided in Subsections j.
and k. below, no adjustment of the Exercise Price will be made when Convertible
Securities are actually issued upon the exercise of such Rights or when Common
Stock is actually issued upon the exercise of such Rights or the conversion or
exchange of such Convertible Securities.

                  i. If the Company in any manner issues or sells any
Convertible Securities, and the price per share for which Common Stock is
issuable upon such conversion or exchange is less than the Exercise Price in
effect immediately prior to the time of such issuance or sale, then the maximum
number of shares of Common Stock then issuable upon conversion or exchange of
all such Convertible Securities will be deemed to be outstanding and to have
been issued and sold by the Company for such price per share, as determined
below. For the purposes of this Section, the "price per share for which Common
Stock is issuable upon such conversion or exchange" will be determined by
dividing (i) the total amount received or receivable by the Company as
consideration for the issuance or sale of such Convertible Securities, plus the
minimum aggregate amount of additional consideration, if any, payable to the
Company upon the conversion or exchange thereof, by (ii) the total maximum
number of shares of Common Stock then issuable upon the conversion or exchange
of all such Convertible Securities. Except as otherwise provided in Subsections
j. and k. below, no adjustment of the Exercise Price will be made when Common
Stock is actually issued upon the conversion or exchange of such Convertible
Securities, and if any such issuance or sale of such Convertible Securities is
made upon exercise of any Convertible Securities for which adjustments of the
Exercise Price had been or are to be made pursuant to other provisions of this
Section 6, no further adjustment of the Exercise Price will be made by reason of
such issuance or sale.

                  j. If the purchase price provided for in any Rights, the
additional consideration, if any, payable upon the conversion or exchange of any
Convertible Securities, or the rate at which any Convertible Securities are
convertible into or exchangeable for Common Stock changes at any

                                        6

<PAGE>



time (other than under or by reason of provisions that are designed to protect
against dilution of the type set forth in this Section 6 and are no more
favorable to the holders of such Rights or Convertible Securities than this
Section 6 would have been if this Section 6 were included in such Rights or
Convertible Securities), then the Exercise Price in effect at the time of such
change will be re-adjusted to the Exercise Price that would have been in effect
at such time had such Rights or Convertible Securities still outstanding
provided for such changed purchase price, additional consideration, or changed
conversion rate, as the case may be, at the time initially granted, issued, or
sold; and such adjustment of the Exercise Price will be made whether the result
thereof is to increase or reduce the Exercise Price then in effect under this
Warrant, provided that no such adjustment shall increase the Exercise Price
above the initial Exercise Price hereof and that such adjustments shall be made
by the Board of Directors of the Company, who shall promptly provide notice of
the new Exercise Price to the Holder.

                  k. Upon the expiration of any Right, or the termination of any
right to convert or exchange any Convertible Security, without the exercise of
such Right, or the conversion of such Convertible Security, the Exercise Price
then in effect hereunder will be adjusted to the Exercise Price that would have
been in effect at the time of such expiration or termination had such Right or
Convertible Security never been issued, but such subsequent adjustment shall not
affect the number of shares of Common Stock issued upon any exercise of this
Warrant prior to the date such adjustment is made.

                  l. If any shares of Common Stock, Rights, or Convertible
Securities are issued or sold or deemed to have been issued or sold for
consideration that includes cash, then the amount of cash consideration actually
received by the Company will be deemed to be the cash portion thereof. If any
shares of Common Stock, Rights, or Convertible Securities are issued or sold or
deemed to have been issued or sold for a consideration part or all of which is
other than cash, then the amount of the consideration other than cash received
by the Company will be the fair value of such consideration as determined by the
Board of Directors of the Company, except where such consideration consists of
securities, in which case the amount of consideration received by the Company
will be the market value thereof as of the date of receipt. If any shares of
Common Stock, Rights, or Convertible Securities are issued in connection with
any merger or consolidation in which the Company is the surviving corporation,
then the amount of consideration therefor will be deemed to be the fair value of
such portion of the net assets and business of the non-surviving corporation as
is attributable to such Common Stock, Rights, or Convertible Securities, as the
case may be.

                  m. If any Right is issued in connection with the issuance or
sale of other securities of the Company, together comprising one integrated
transaction in which no specific consideration is allocated to such Right by the
parties thereto, the Right will be deemed to have been issued without
consideration.

                  n. The number of shares of Common Stock deemed outstanding at
any given time shall include the number of shares of Common Stock outstanding,
as adjusted as provided herein, but shall not include shares owned or held by or
for the account of the Company, and the disposition of any shares so owned or
held will be considered an issuance or sale of Common Stock hereunder.

                                        7

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                  o. No adjustment of the Exercise Price shall be made if the
amount of such adjustment would be less than one cent per Warrant Share, but in
such case any adjustment that otherwise would be required to be made shall be
carried forward and shall be made at the time and together with the next
subsequent adjustment that, together with any adjustment or adjustments so
carried forward, shall amount to not less than one cent per Warrant Share.

         6.2 In the event of any reorganization or reclassification of the
outstanding shares of Common Stock (other than a change in par value, or from no
par value to par value, or from par value to no par value, or as a result of a
subdivision or combination) or in the event of any consolidation or merger of
the Company with another entity at any time prior to the expiration of this
Warrant, the Holder shall have the right to exercise this Warrant. Upon such
exercise, the Holder shall have the right to receive the same kind and number of
shares of capital stock and other securities, cash or other property as would
have been distributed to the Holder upon such reorganization, reclassification,
consolidation or merger. The Holder shall pay upon such exercise the Exercise
Price that otherwise would have been payable pursuant to the terms of this
Warrant. If any such reorganization, reclassification, consolidation or merger
results in a cash distribution in excess of the then applicable Exercise Price,
the Holder may, at the Holder's option, exercise this Warrant without making
payment of the Exercise Price, and in such case the Company shall, upon
distribution to the Holder, consider the Exercise Price to have been paid in
full, and in making settlement to the Holder, shall deduct an amount equal to
the Exercise Price from the amount payable to the Holder. In the event of any
such reorganization, merger or consolidation, the corporation formed by such
consolidation or merger or the corporation which shall have acquired the assets
of the Company shall execute and deliver a supplement hereto to the foregoing
effect, which supplement shall also provide for adjustments which shall be as
nearly equivalent as may be practicable to the adjustments provided in the
Warrant.

         6.3 If the Company shall, at any time before the expiration of this
Warrant, dissolve, liquidate or wind up its affairs, the Holder shall have the
right to exercise this Warrant. Upon such exercise the Holder shall have the
right to receive, in lieu of the shares of Common Stock of the Company that the
Holder otherwise would have been entitled to receive, the same kind and amount
of assets as would have been issued, distributed or paid to the Holder upon any
such dissolution, liquidation or winding up with respect to such stock
receivable upon exercise of this Warrant on the date for determining those
entitled to receive any such distribution. If any such dissolution, liquidation
or winding up results in any cash distribution in excess of the Exercise Price
provided by this Warrant, the Holder may, at the Holder's option, exercise this
Warrant without making payment of the Exercise Price and, in such case, the
Company shall, upon distribution to the Holder, consider the Exercise Price to
have been paid in full and, in making settlement to the Holder, shall deduct an
amount equal to the Exercise Price from the amount payable to the Holder.

         6.4 Upon each adjustment of the Exercise Price pursuant to Section 6
hereof, the Holder shall thereafter (until another such adjustment) be entitled
to purchase, at the adjusted Exercise Price in effect on the date this Warrant
is exercised, the number of Warrant Shares, calculated to the nearest number of
Warrant Shares, determined by (a) multiplying the number of Warrant Shares
purchasable hereunder immediately prior to the adjustment of the Exercise Price
by the Exercise

                                        8

<PAGE>



Price in effect immediately prior to such adjustment, and (b) dividing the
product so obtained by the adjusted Exercise Price in effect on the date of such
exercise. The provisions of Section 9 shall apply, however, so that no
fractional share of Common Stock or fractional Warrant shall be issued upon
exercise of this Warrant.

         6.5 The Company may retain a firm of independent public accountants of
recognized standing (who may be any such firm regularly employed by the Company)
to make any computation required under this Section 6, and a certificate signed
by such firm shall be conclusive evidence of the correctness of any computation
made under this Section 6.

         7. Notice to Holder. So long as this Warrant shall be outstanding (a)
if the Company shall pay any dividends or make any distribution upon the Common
Stock otherwise than in cash or (b) if the Company shall offer generally to the
holders of Common Stock the right to subscribe to or purchase any shares of any
class of capital stock or securities convertible into capital stock or any
similar rights or (c) if there shall be any capital reorganization of the
Company in which the Company is not the surviving entity, recapitalization of
the capital stock of the Company, consolidation or merger of the Company with or
into another corporation, sale, lease or other transfer of all or substantially
all of the property and assets of the Company, or voluntary or involuntary
dissolution, liquidation or winding up of the Company, then in such event, the
Company shall cause to be mailed by registered or certified mail to the Holder,
at least thirty (30) days prior to the relevant date described below (or such
shorter period as is reasonably possible if thirty (30) days is not reasonably
possible), a notice containing a description of the proposed action and stating
the date or expected date on which a record of the Company's shareholders is to
be taken for the purpose of any such dividend, distribution of rights, or such
reorganization, recapitalization, consolidation, merger, sale, lease or
transfer, dissolution, liquidation or winding up is to take place and the date
or expected date, if any is to be fixed, as of which the holders of Common Stock
of record shall be entitled to exchange their shares of Common Stock for
securities or other property deliverable upon such event.

         8. Certificate of Adjustment. Whenever the Exercise Price or number or
type of securities issuable upon exercise of this Warrant is adjusted, as herein
provided, the Company shall promptly deliver to the Holder of this Warrant a
certificate of an officer of the Company setting forth the nature of such
adjustment and a brief statement of the facts requiring such adjustment.

         9. No Fractional Shares. No fractional shares of Common Stock will be
issued in connection with any subscription hereunder. In lieu of any fractional
shares which would otherwise be issuable, the Company shall pay cash equal to
the product of such fraction multiplied by the fair market value of one share of
Common Stock on the date of exercise, as determined in good faith by the
Company's Board of Directors.

         10.      Transfer or Loss of Warrant.

         10.1 All or any part of this Warrant may be transferred to any of the
shareholders, directors, officers, employees or partners of the Holder or any
successor upon the delivery of this

                                        9

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Warrant as specified in Section 2 hereof accompanied by a certificate from the
Holder that each f the transferees have such status with the Holder. Except as
provided in the preceding sentence, prior to any proposed transfer of this
Warrant or the Warrant Shares received on the exercise of this Warrant (the
"Securities"), unless there is in effect a registration statement under the
Securities Act, covering the proposed transfer, the Holder thereof shall give
written notice to the Company of such Holder's intention to effect such
transfer. Each such notice shall describe the manner and circumstances of the
proposed transfer in sufficient detail, and shall, if the Company so requests,
be accompanied by an unqualified written opinion of legal counsel who shall be
reasonably satisfactory to the Company addressed to the Company and reasonably
satisfactory in form and substance to the Company's counsel, to the effect that
the proposed transfer of the Securities may be effected without registration
under the Securities Act, whereupon the Holder of the Securities shall be
entitled to transfer the Securities in accordance with the terms of the notice
delivered by the Holder to the Company. Each certificate evidencing the
Securities transferred as above provided shall not bear such restrictive legends
if in the opinion of counsel for the Company such legends are not required in
order to establish compliance with any provisions of the Securities Act.

         10.2 Upon receipt by the Company of evidence satisfactory to it of
loss, theft, destruction or mutilation of this Warrant and, in the case of loss,
theft or destruction, of reasonably satisfactory indemnification, or, in the
case of mutilation, upon surrender of this Warrant, the Company will execute and
deliver, or instruct the Transfer Agent to execute and deliver, a new Warrant of
like tenor and date and any such lost, stolen or destroyed Warrant thereupon
shall become void.

         11. Notices. Notices and other communications to be given to the Holder
shall be deemed sufficiently given if delivered by hand, or five (5) days after
mailing by registered or certified mail, postage prepaid, to the Holder at 2101
West Commercial Boulevard, Suite 1500, Fort Lauderdale, Florida 33309. Notices
or other communications to the Company shall be deemed to have been sufficiently
given if delivered by hand or five (5) days after mailing if mailed by
registered or certified mail postage prepaid, to the Company at 200 A Executive
Drive, Edgewood, New York 11717. A party may change the address to which notice
shall be given by notice pursuant to this Section 11.

         12. Entire Agreement and Modification. The Company and the Holder of
this Warrant hereby represent and warrant that this Warrant is intended to and
does contain and embody all of the understandings and agreements, both written
and oral, of the parties hereto with respect to the subject matter of this
Warrant, and that there exists no oral agreement or understanding, express or
implied, whereby the absolute, final and unconditional character and nature of
this Warrant shall be in any way invalidated, impaired or affected. A
modification or waiver of any of the terms, conditions or provisions of this
Warrant shall be effective only if made in writing and executed with the same
formality of this Warrant.

         13. Governing Law. This Warrant shall be governed by and construed in
accordance with the laws of the State of Florida, without application of the
principles of conflicts of laws.


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<PAGE>


         IN WITNESS WHEREOF, the Company has executed this Warrant as of the 3rd
day of April, 1996.




                                    CPI AEROSTRUCTURES, INC., a New York
                                    corporation



                                    By:______________________________________
                                    Name:____________________________________
                                    Title:___________________________________



                                       11

<PAGE>



                              ELECTION TO PURCHASE


TO:      CPI Aerostructures, Inc.

         The undersigned hereby irrevocably elects to exercise Warrants
represented by this Common Stock Purchase Warrant to purchase
____________________ shares of Common Stock issuable upon the exercise of such
Warrants and requests that certificates for such shares be issued in the name
of:



______________________________________________________________________________
           (Please insert social security or other identifying number)

______________________________________________________________________________
                         (Please print name and address)


Dated:  ____________________, 19__  __________________________________________
                                    (Signature must conform in all respects to
                                    name of holder as specified on the face of
                                    the Warrant)




                                       12

