Exhibit 10.1

AMENDMENT NO. 1

Dated as of January 30, 2018

to

SECOND AMENDED AND RESTATED CONTRIBUTION DEFERRAL AGREEMENT

Dated as of January 31, 2014

THIS AMENDMENT NO. 1 (this “Amendment”) is made as of January 30, 2018 by and
among YRC INC., a Delaware corporation (“YRC”), USF HOLLAND LLC, a Delaware
limited liability company (f/k/a USF Holland Inc., a Michigan corporation)
(“Holland”), NEW PENN MOTOR EXPRESS LLC, a Delaware limited liability company
(f/k/a New Penn Motor Express Inc., a Pennsylvania corporation) (“New Penn”),
USF REDDAWAY INC., an Oregon corporation (“Reddaway”; each of YRC, Holland, New
Penn and Reddaway, a “Primary Obligor”, and collectively, the “Primary
Obligors”), the other Obligors party hereto, the TRUSTEES for the CENTRAL
STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND, and each other pension fund
party hereto as a “Fund”, and Wilmington Trust Company, a Delaware Trust
Company, as agent for the Funds (together with its successors and assigns, in
such capacity, the “CDA Agent”), under that certain Second Amended and Restated
Contribution Deferral Agreement (as amended, modified or supplemented from time
to time, the “Contribution Deferral Agreement”) dated as of January 31, 2014, by
and among the Primary Obligors, the Funds party thereto and the CDA Agent.
Capitalized terms used herein and not otherwise defined herein shall have the
respective meanings given to them in the Contribution Deferral Agreement, as
applicable.

WHEREAS, the Obligors desire to amend the Contribution Deferral Agreement in
accordance with Section 10.04(c) thereof by, among other things, extending the
date by which payment of all outstanding Deferred Pension Payments and
outstanding Deferred Interest must be made from December 31, 2019 to
December 31, 2022 (the “Extension”);

WHEREAS, the Obligors have requested certain other amendments to the
Contribution Deferral Agreement, which shall become effective immediately
following consummation of the Extension;

NOW, THEREFORE, in consideration of the premises set forth above, the terms and
conditions contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Obligors, the
Funds, and the CDA Agent have agreed to enter into this Amendment.

1.    Amendments to Contribution Deferral Agreement.

The Primary Obligors, the Funds and the CDA Agent hereby agree that, upon the
satisfaction or waiver of the conditions precedent set forth in Section 2, the
Contribution Deferral Agreement shall be amended as follows:

(a)    Section 1.01 of the Contribution Deferral Agreement is hereby amended by
adding the following definitions in proper alphabetical sequence:

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““Equity Interests” shall have the meaning assigned to such term in
Section 7.01(c).”

““First Amendment” means that certain Amendment No. 1 to this Agreement, dated
as of January 30, 2018, among the Primary Obligors, the other Obligors party
thereto, the Agent, and the Funds listed on the signature pages thereto.”

““First Amendment Effective Date” shall have the meaning assigned to such term
in Article 2 of the First Amendment.”

““Installment Payments” shall mean those payments to be made in accordance with
the table set forth in Section 2.01(b).”

““Maturity Date” shall mean December 31, 2022.”

(b)    Section 2.01 of the Contribution Deferral Agreement is amended and
restated in its entirety as follows:

“2.01 Deferred Pension Payments and Deferred Interest.

(a)    As of the First Amendment Effective Date, the Primary Obligors owe the
Funds, without defense, counterclaim or offset of any kind, an aggregate amount
equal to $75,121,649.40 in respect of the Deferred Pension Payments, with the
specific amounts owed to each Fund as of the First Amendment Effective Date
being set forth on Schedule 2.01 hereto.

(b)    Subject to the terms and conditions set forth herein, the Funds, on a
several basis, and the Primary Obligors, on a joint and several basis, hereby
agree that payment of all (i) Deferred Pension Payments and (ii) Deferred
Interest shall be made by the Primary Obligors to the applicable Funds in
installments on the dates and in the amounts set forth in the table below:

 

Payment Dates

  

Installment Payment Amount

December 31, 2018    2% of Deferred Pension Payments as of November 30, 2018
December 31, 2019    2% of Deferred Pension Payments as of November 30, 2019
December 31, 2020    2% of Deferred Pension Payments as of November 30, 2020
December 31, 2021    2% of Deferred Pension Payments as of November 30, 2021
Maturity Date   
Remaining amount of Deferred Interest and Deferred Pension Payments

 

2

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Any Installment Payments made pursuant to this Section 2.01(b) shall be applied
ratably among the Funds in accordance with the Obligations then due the Funds,
first in respect of the Obligations other than Secured Obligations, then in
respect of the Secured Obligations, and in all cases the Installment Payments
shall be applied first towards payment of Deferred Interest and second towards
payment of Deferred Pension Payments.

The amount of each Installment Payment shall be calculated by the CDA Agent and
such amount and calculation shall be provided to the Primary Obligors. The
Primary Obligors shall either confirm such amount and calculation or provide
corrections thereto, which, in each case, may be relied upon conclusively by the
CDA Agent without independent verification and will have no further
responsibility therefor whatsoever. The CDA Agent will distribute the final
version of such calculations to any Fund upon the request of that Fund.

(c)    A new Section 8.01(j) shall be added to the Contribution Deferral
Agreement as follows:

“(j) to the extent the Parent consummates an issuance of its shares, interests,
rights, participations or other equivalents (however designated) of capital
stock of (or other ownership or profit interests or units in) the Parent and all
of the warrants, options or other rights for the purchase, acquisition or
exchange from the Parent of any of the foregoing (including through convertible
securities) (collectively, “Equity Interests”) (but excluding in each case any
debt security that is convertible into, or exchanged for, Equity Interests) in
an underwritten public offering or private placement, in each case, and with
respect to the first such issuance of Equity Interests that is consummated after
the First Amendment Effective Date, the Parent (x) pays any bonuses to its
executive officers or directors or (y) makes any dividend or other distribution
on account of any Equity Interest of the Parent, or any payment on account of
the purchase, redemption, retirement, defeasance, acquisition, cancellation or
termination of any such Equity Interest of the Parent, in each case with respect
to the foregoing (x) and (y), with the Net Cash Proceeds of such offering or
placement.”

(d)    Schedule 2.01 to the Contribution Deferral Agreement is hereby deleted
and replaced in its entirety with the Schedule 2.01 attached hereto.

2.    Conditions of Effectiveness. The effectiveness of this Amendment is
subject to the satisfaction (or waiver) of the following conditions precedent
(the date on which such conditions precedent are satisfied or waived being
referred to herein as the “First Amendment Effective Date”):

(a)    The CDA Agent and the Funds shall have received counterparts of this
Amendment duly executed by the Primary Obligors, each other Obligor party
hereto, the CDA Agent, and each Fund.

 

3

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(b)    The CDA Agent (and its counsel) shall have received payment for all
invoiced fees and reasonable out-of-pocket expenses incurred in connection with
this Amendment.

(c)    The Primary Obligors shall have made an optional prepayment in an amount
equal to $25,000,000 to be applied to Obligations other than Secured
Obligations, and first towards payment of Deferred Interest and second towards
payment of Deferred Pension Payments.

(d)    The Funds shall have received an officer’s certificate from each Primary
Obligor, attaching recent good standing certificates from its jurisdiction of
organization, its organizational documents, resolutions approving this Amendment
and incumbency.

(e)    The representation and warranties listed in Section 3 of this Amendment
shall be true and correct as of the First Amendment Effective Date.

3.    Representations and Warranties of the Primary Obligors. Each of the
Primary Obligors and each of the other Obligors party hereto hereby represents
and warrants as follows as of the First Amendment Effective Date:

(a)    This Amendment has been duly authorized, executed and delivered by the
Primary Obligors and each Obligor and this Amendment and the Contribution
Deferral Agreement, as modified hereby, constitute legal, valid and binding
obligations of the Obligors and are enforceable against the Obligors in
accordance with their terms, subject to applicable bankruptcy, insolvency,
reorganization, moratorium or other laws affecting creditors’ rights generally
and subject to general principles of equity, regardless of whether considered in
a proceeding in equity or at law.

(b)    As of the First Amendment Effective Date, (i) no Default has occurred and
is continuing and (ii) the representations and warranties of the Primary
Obligors set forth in the Contribution Deferral Agreement, as modified hereby,
are true and correct in all material respects on and as of the date hereof,
except to the extent any such representation or warranty is stated to relate
solely to an earlier date, in which case such representation or warranty shall
have been true and correct in all material respects on and as of such earlier
date.

(c)    The execution and delivery by the Primary Obligors of this Amendment, and
the performance by the Primary Obligors under this Amendment and the
Contribution Deferral Agreement as modified hereby do not and will not violate
or result in default under the Senior Credit Facility or the ABL Credit Facility
as in effect on the First Amendment Effective Date.

(d)    Each Primary Obligor is unable to make payment of any portion of the
Deferred Pension Payments set forth on Schedule 2.01 as of the First Amendment
Effective Date, other than the Installment Payments specified in Section 1(b) of
this Amendment and the payment of $25,000,000 specified in Section 2(c) of this
Amendment.

 

4

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(e)    Prior to the First Amendment Effective Date, Parent furnished to the
Funds its consolidated balance sheet and statements of income, stockholders’
equity and cash flows (i) as of and for the fiscal year ended December 31, 2016,
reported on by KPMG LLP, independent public accountants, and (ii) as of and for
the fiscal quarter ended September 30, 2017. Such financial statements present
fairly, in all material respects, the financial position and results of
operations and cash flows of Parent and its consolidated subsidiaries as of such
dates and for such periods in accordance with GAAP, subject to year-end audit
adjustments and the absence of footnotes in the case of the statements referred
to in clause (ii) above. Prior to the First Amendment Effective Date, the
Primary Obligors delivered to the CS Pension Fund and its advisors the written
projected financial information of Parent, dated as of November 29, 2017 and
December 1, 2017 (the “Projections”). The Projections were prepared in good
faith based upon assumptions believed to be reasonable by senior management at
the time, it being recognized by the Funds and the CDA Agent that the
Projections are not to be viewed as facts and that the actual results during the
period or periods covered by such Projections may differ from the projected
results and such differences may be material. Based on the Projections, as of
the First Amendment Effective Date, the Obligors do not expect to be able to
repay the Deferred Pension Payments or the Deferred Interest on a date earlier
than is required by this Amendment.

4.    Reference to and Effect on the Contribution Deferral Agreement.

(a)    Upon the effectiveness hereof, each reference to the Contribution
Deferral Agreement in the Contribution Deferral Agreement or any other Fund
Document shall mean and be a reference to the Contribution Deferral Agreement as
modified hereby. This Amendment shall constitute a Fund Document.

(b)    Each Fund, by delivering its signature page to this Amendment shall be
deemed to have (i) acknowledged receipt of, and consented to and approved, each
document, agreement, instrument, or certificate required to be approved by such
Fund on the First Amendment Effective Date and (ii) authorized and directed the
CDA Agent to execute this Amendment.

(c)    Except as specifically set forth above, the Contribution Deferral
Agreement and all other documents, instruments and agreements executed and/or
delivered in connection therewith shall remain in full force and effect and are
hereby ratified and confirmed.

(d)    The execution, delivery and effectiveness of this Amendment shall not
operate as a waiver of any right, power or remedy of the CDA Agent or the Funds,
nor constitute a waiver of any provision of the Contribution Deferral Agreement
or any other documents, instruments and agreements executed and/or delivered in
connection therewith.

5.    Acknowledgements. By executing this Amendment, each of the Obligors
(a) consents to this Amendment and the performance by the Primary Obligors and
each of the other Obligors of their obligations hereunder, (b) acknowledges that
notwithstanding the execution and delivery of this Amendment, the obligations of
each of the Obligors under each of the Collateral Documents and each of the
other Fund Documents to which such Obligor is a party, are not impaired or
affected and each such Collateral Document and each such other Fund Document
continues in full force and effect, and (c) affirms and ratifies, to the extent
it is a party thereto, each Collateral Document and each other Fund Document
with respect to all of the obligations thereunder as expanded or amended hereby.

 

5

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6.    Further Assurances. If the Majority Funds reasonably determine that
applicable law requires the amendment of any Mortgage to reflect the provisions
of this Amendment, after request thereto, the Borrower shall promptly cooperate
with the CDA Agent and the Majority Funds in amending such Mortgage and shall
pay all reasonable out-of-pocket costs and expenses relating thereto.

7.    Governing Law. This Amendment shall be construed in accordance with and
governed by the law of the State of New York.

8.    Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment
for any other purpose.

9.    Counterparts. This Amendment may be executed by one or more of the parties
hereto on any number of separate counterparts, and all of said counterparts
taken together shall be deemed to constitute one and the same instrument.
Signatures delivered by facsimile or PDF shall have the same force and effect as
manual signatures delivered in person.

10.    CDA Agent Rights.    The CDA Agent shall not be liable for any action
taken or not taken by it (i) in connection with entry into this Amendment, and
in taking any actions under or pursuant to this Amendment or (ii) in the absence
of its own gross negligence or willful misconduct as determined by a court of
competent jurisdiction in a final and non-appealable decision.

[Signature Pages Follow]

 

6

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N WITNESS WHEREOF, this Amendment has been duly executed as of the day and year
first above written.

 

    EXPRESS LANE SERVICE, INC.     By:   /s/ Mark D. Boehmer     Name:   Mark D.
Boehmer     Title:   Vice President    

NEW PENN MOTOR EXPRESS LLC

(F/K/A NEW PENN MOTOR EXPRESS INC.)

    By:   /s/ Mark D. Boehmer     Name:   Mark D. Boehmer     Title:   Vice
President     ROADWAY EXPRESS INTERNATIONAL, INC.     By:   /s/ Mark D. Boehmer
    Name:   Mark D. Boehmer     Title:   Vice President     ROADWAY LLC     By:
  /s/ Mark D. Boehmer     Name:   Mark D. Boehmer     Title:   Vice President  
  ROADWAY NEXT DAY CORPORATION     By:   /s/ Brianne L. Simoneau     Name:  
Brianne L. Simoneau     Title:   Vice President, Finance     ROADWAY REVERSE
LOGISTICS, INC.     By:   /s/ Phil J. Gaines     Name:   Phil J. Gaines    
Title:   Senior Vice President, Finance     USF BESTWAY INC.     By:   /s/
Brianne L. Simoneau     Name:   Brianne L. Simoneau     Title:   Vice President,
Finance

 

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of
January 31, 2014

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    YRC ASSOCIATION SOLUTIONS, INC.     By:   /s/ Mark D. Boehmer     Name:  
Mark D. Boehmer     Title:   Vice President     YRC INC.     By:   /s/ Mark D.
Boehmer     Name:   Mark D. Boehmer     Title:   Vice President     YRC
INTERNATIONAL INVESTMENTS, INC.     By:   /s/ Mark D. Boehmer     Name:   Mark
D. Boehmer     Title:   Vice President     YRC LOGISTICS SERVICES, INC.     By:
  /s/ Brianne L. Simoneau     Name:   Brianne L. Simoneau     Title:   Vice
President, Finance     YRC MORTGAGES, LLC     By:   /s/ Mark D. Boehmer    
Name:   Mark D. Boehmer     Title:   Vice President     YRC ENTERPRISE SERVICES,
INC.     By:   /s/ Mark D. Boehmer     Name:   Mark D. Boehmer     Title:   Vice
President     YRC REGIONAL TRANSPORTATION, INC.     By:   /s/ Mark D. Boehmer  
  Name:   Mark D. Boehmer     Title:   Vice President

 

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of
January 31, 2014

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    USF DUGAN INC.     By:   /s/ Brianne L. Simoneau     Name:   Brianne L.
Simoneau     Title:   Vice President, Finance     USF GLEN MOORE INC.     By:  
/s/ Brianne L. Simoneau     Name:   Brianne L. Simoneau     Title:   Vice
President, Finance    

USF HOLLAND LLC

(F/K/A USF HOLLAND INC.)

    By:   /s/ Mark D. Boehmer     Name:   Mark D. Boehmer     Title:   Vice
President     USF REDSTAR LLC     By:   /s/ Brianne L. Simoneau     Name:  
Brianne L. Simoneau     Title:   Vice President, Finance     USF REDDAWAY INC.  
  By:   /s/ Mark D. Boehmer     Name:   Mark D. Boehmer     Title:   Vice
President

 

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of
January 31, 2014

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    WILMINGTON TRUST COMPANY, as CDA Agent     By:   /s/ W. Thomas Morris, II  
  Name:   W. Thomas Morris     Title:   Vice President

 

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of
January 31, 2014

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MANAGEMENT - LABOR WELFARE AND

PENSION FUNDS LOCAL 1730 I.L.A.

By:  

/s/ Scott Shaffer

Name:   Scott Shaffer Title:   Administrator

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of January
31, 2014

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INTERNATIONAL BROTHERHOOD OF TEAMSTERS UNION LOCAL 710 PENSION FUND as a Fund
By:  

/s/ Brian J. O’Malley

Name:   Brian J. O’Malley Title:   Administrator

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of
January 31, 2014

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HAGERSTOWN MOTOR CARRIERS AND TEAMSTERS PENSION FUND, as a Fund By:  

/s/ [Unreadable]

Name:   Title:   Administrative Agent

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of January
31, 2014

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CENTRAL PENNSYLVANIA TEAMSTERS PENSION FUND, as a Fund By:  

/s/ William M. Shappell

Name:   William M. Shappell Title:   Chairman and Trustee

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of
January 31, 2014

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CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND By:  

/s/ Thomas C. Nyhan

Name:   Thomas C. Nyhan Title:   Executive Director

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of
January 31, 2014

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EMPLOYER-TEAMSTERS LOCAL NOS. 175 AND 505 PENSION TRUST FUND By:  

/s/ Frank T. Litton, Jr.

Name:   Frank T. Litton, Jr. Title:   Chairman

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of
January 31, 2014

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FREIGHT DRIVERS AND HELPERS LOCAL UNION NO. 557 PENSION FUND as a Fund By:  

/s/ William Alexander

Name:   William Alexander Title:   TRUSTEE

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of January
31, 2014

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MID-JERSEY TRUCKING INDUSTRY & TEAMSTERS LOCAL 701 PENSION FUND, as a Fund By:  

/s/ RONALD LAKE

Name:   RONALD LAKE Title:   TRUSTEE

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of January
31, 2014

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SOUTHWESTERN PENNSYLVANIA AND WESTERN MARYLAND AREA TEAMSTERS AND EMPLOYERS
PENSION FUND, as a Fund

 

By:  

/s/ Ed Kearns

Name:   Ed Kearns Title:   Chairman Board of Trustee By:  

/s/ Vito Dragone, Jr.

Name:

  Vito Dragone, Jr.

Title:

  Secretary-Treasurer

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of January
31, 2014

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TEAMSTERS PENSION TRUST FUND OF PHILADELPHIA AND VICINITY, as a Fund By:  

/s/ MARIA SCHEELER

Name:   MARIA SCHEELER Title:   EXECUTIVE DIRECTOR/ADMINISTRATOR

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of January
31, 2014

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TRUCKING EMPLOYEES OF NORTH JERSEY

WELFARE FUND INC. – PENSION FUND

By:  

/s/ Robert Blumenfeld

Name:   Robert Blumenfeld Title:   Fund Administrator

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of January
31, 2014

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WESTERN CONFERENCE OF TEAMSTERS PENSION TRUST FUND, as a Fund By:  

/s/ Michael M. Sander

Name:   Michael M. Sander Title:   Administrative Manager

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of January
31, 2014

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WESTERN CONFERENCE OF TEAMSTERS SUPPLEMENTAL BENEFIT TRUST

as a Fund

By:  

/s/ Walter Maestas

Name:   Walter Maestas Title:   Chairman

Signature Page to Amendment No. l to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of
January 31, 2014

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TEAMSTERS LOCAL 641 PENSION FUND, as a Fund By:  

/s/ William Cunningham

Name:   William Cunningham Title:   Chairman

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of
January 31, 2014

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Suburban Teamsters of Northern Illinois Pension Fund, as a Fund By:  

/s/ Timothy Custer

Name:   Timothy Custer Title:   Trustee

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of
January 31, 2014

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ROAD CARRIERS LOCAL707 PENSION FUND

as a Fund

By:   /s/ Kevin McCaffrey Name:   Kevin McCaffrey Title:  

Fund Administrator

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of January
31, 2014

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Teamsters Joint Council No. 83 of Virginia Pension Fund, as a Fund By:   /s/
Michael M. McCall Name:   Michael M. McCall Title:   Executive Director

Signature Page to Amendment No. l to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of
January 31, 2014

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HAWAII TRUCKERS-TEAMSTERS UNION

PENSION FUND

By:   /s/ Rohan Kozuma     Name:   Rohan Kozuma     Title:   Trustee

Name:   /s/ Ralph Hasegawa Name:   Ralph Hasegawa Title:   Trustee

Signature Page to Amendment No. 1 to Contribution Deferral Agreement

YRC Inc., USF Holland LLC, New Penn Motor Express, LLC and USF Reddaway LLC

Second Amended and Restated Contribution Deferral Agreement dated as of
January 31, 2014

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INTERNATIONAL ASSOCIATION OF MACHINISTS MOTOR CITY PENSION FUND, as a Fund By:  

Michael J. Mills

Name:   MICHAEL J. MILLS Title:   ATTORNEY

 

Signature Page to Second Amended and Restated Contribution Deferral Agreement
Fund

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Schedule to Amendment No. 1 of the Second Amended and Restated Contribution
Deferral Agreement

Schedule 2.01

Deferred Pension Payments, Deferred Interest and Pension Interest Rate

 

Fund   Deferred Pension
Payments as of the First
Amendment Effective
Date     Deferred Interest as of
the First Amendment
Effective Date    

Pension Interest Rate

CENTRAL
PENNSYLVANIA
TEAMSTER PENSION
FUND     $4,156,089.67       $0     0.25% plus the rate authorized by 29 U.S.C.
Section 1132(g)(2), which is prescribed under Section 6621 of the Internal
Revenue Code of 1986.* CENTRAL STATES,
SOUTHEAST AND
SOUTHWEST AREAS
PENSION FUND     $50,735,320.88       $0    
0.25% plus the greater of (i) 7.5% and (ii) 2% plus the prime interest rate
established by JPMorgan Chase Bank, N.A. EMPLOYER –TEAMSTERS
LOCAL NOS. 175/505
PENSION TRUST FUND     $85,345.46       $0     0.25% plus 2% plus the prime
interest rate established by JPMorgan Chase Bank, N.A. FREIGHT DRIVERS AND
HELPERS LOCAL 557
PENSION FUND     $558,481.75       $0     0.25% plus 10% HAGERSTOWN MOTOR
CARRIERS AND
TEAMSTERS PENSION
PLAN     $315,223.07       $0     0.25% plus 18%

 

* 

The rate used shall be for debtors that owe in excess of $100,000.

 

30

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Fund   Deferred Pension
Payments as of the First
Amendment Effective
Date     Deferred Interest as of
the First Amendment
Effective Date    

Pension Interest Rate

HAWAII TRUCKERS-
TEAMSTERS UNION
PENSION FUND     $26,239.56       $0     0.25% plus 10% I.B of T UNION LOCAL NO.
710 PENSION FUND     $4,980,545.99       $0    
0.25% plus 2% plus the prime interest rate established by JPMorgan Chase Bank
N.A. INTERNATIONAL
ASSOCIATION OF
MACHINISTS MOTOR CITY
PENSION FUND     $51,114.91       $0     0.25% plus 7% LOCAL 705
INTERNATIONAL
BROTHERHOOD OF
TEAMSTERS PENSION
FUND     $0       $0     N/A MANAGEMENT LABOR
WELFARE AND PENSION
FUNDS LOCAL 1730, 1L.A.     $186,865.17       $0     0.25% plus 8% MID-JERSEY
TRUCKING
IND. & TEAMSTERS
LOCAL 701 PENSION FUND     $223,241.14       $0     0.25% plus 2% plus the prime
interest rate established by JPMorgan Chase Bank, N.A. NEW ENGLAND
TEAMSTERS & TRUCKING
INDUSTRY PENSION FUND     $0       $0     N/A

 

31

--------------------------------------------------------------------------------

Fund   Deferred Pension
Payments as of the First
Amendment Effective
Date     Deferred Interest as of
the First Amendment
Effective Date    

Pension
Interest Rate

NEW YORK STATE
TEAMSTERS CONFERENCE
PENSION AND
RETIREMENT FUND     $0       $0     N/A ROAD CARRIERS LOCAL
707 PENSION FUND     $2,576,307.60       $0     0.25% plus 10% SOUTHWESTERN
PENNSYLVANIA AND
WESTERN MARYLAND
TEAMSTERS &
EMPLOYERS PENSION
FUND     $18,177.14       $0     0.25% plus 18% SUBURBAN TEAMSTERS
OF IL. PENSION FUND     $559,561.29       $0     0.25% plus 12% TEAMSTERS JC 83
PENSION FUND     $351,869.27       $0     0.25% plus 18% TEAMSTERS LOCAL 445
PENSION FUND     $0       $0     N/A TEAMSTER LOCAL 617

PENSION FUND

    $0       $0     N/A

 

32

--------------------------------------------------------------------------------

Fund   Deferred Pension
Payments as of the First
Amendment Effective
Date*     Deferred Interest as of
the First Amendment
Effective Date*    

Pension
Interest Rate

TEAMSTER LOCAL 639
EMPLOYER’S PENSION
TRUST     $0       $0     N/A TEAMSTER LOCAL 641
PENSION FUND     $1,396,075.77       $0     0.25% plus 10% TEAMSTERS PENSION
TRUST FUND OF
PHILADELPHIA AND
VICINITY     $954,939.18       $0     0.25% plus 7.5% TRUCKING EMPLOYEES
OF NORTH JERSEY
WELFARE FUND INC. –
PENSION FUND     $239,692.45       $0     0.25% plus 10% WESTERN CONFERENCE
OF TEAMSTERS PENSION
TRUST     $7,099,776.11       $0     7% WESTERN CONFERENCE
OF TEAMSTERS
SUPPLEMENTAL BENEFIT
TRUST FUND     $606,782.99       $0     7% WESTERN
PENNSYLVANIA

TEAMSTERS AND
EMPLOYERS PENSION
FUND

    $0       $0     N/A  

 

 

   

 

 

    Total     $75,121,649.40       $0    

 

33