Amendment to Warrant Agreement between Azul Holdings Inc. and Tudor Trust

Summary

Azul Holdings Inc. and Tudor Trust have agreed to amend the terms of a warrant originally issued on March 31, 2000, which allows Tudor Trust to purchase 500,000 shares of Azul's common stock. The amendment extends the warrant's expiration date to March 31, 2002, and sets the exercise price at $3.00 per share. The amendment is effective as of March 31, 2001, and may be executed in counterparts by facsimile.

EX-10.21 4 exhibit10_21.txt EXHIBIT 10.21 Exhibit 10.21 AMENDMENT This Amendment is made this 19th day of June, 2001 by Azul Holdings Inc. ("Azul") and Tudor Trust (the "Holder") with respect to the Azul Warrant No. A. dated as of March 31, 2000 for the purchase of 500,000 shares of Azul Common Stock as follows: The Expiration Date under the Warrant shall be March 31, 2002. The Exercise Price of the Warrant shall be $3.00 per share. In Witness Whereof this Amendment has been executed this 19th day of June, 2001 effective as of March 31, 2001. This Amendment may be executed in counterparts by facsimile. AZUL HOLDINGS INC., a Delaware corporation By: /S/ EDWARD S. WITTMAN --------------------- Edward S. Wittman Chief Financial Officer TUDOR TRUST By: /S/ JEFFREY L. NEUMAN --------------------- Jeffrey L. Neuman Sole Trustee