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STANDBY PURCHASE AGREEMENT AMENDMENT This STANDBY PURCHASE AGREEMENT AMENDMENT
(this “Agreement”), dated as of January 10, 2019, is made by and among
Roadrunner Transportation Systems, Inc., a Delaware corporation (the “Company”),
Elliott Associates, L.P., a Delaware limited partnership (“Elliott Associates”),
and Elliott International, L.P., a Cayman Islands, British West Indies limited
partnership (“Elliott International” and, collectively with Elliott Associates,
“Elliott”). Capitalized terms used, but not defined herein, shall have the
meanings ascribed to them in the Standby Purchase Agreement (as defined below).
WHEREAS, the Company and Elliott previously entered into a Standby Purchase
Agreement on November 8, 2018, attached hereto as Annex A (the “SPA”), pursuant
to which Elliott agreed to (i) exercise its Basic Subscription Right in full in
connection with the Rights Offering and (ii) to the extent that the Rights
Offering is not fully subscribed, purchase from the Company, at a price per
share equal to the Subscription Price, all unsubscribed shares of Common Stock
in the Rights Offering, in accordance with the percentages set forth in Schedule
1 of the SPA; WHEREAS, the SPA provides for an outside date of January 31, 2019;
and WHEREAS, the Company and Elliott desire to amend Section 3 and Section 14 of
the SPA to provide that all references to January 31, 2019 are replaced with a
time and date of 11:59 p.m. Eastern Time on March 1, 2019. NOW, THEREFORE, in
consideration of the mutual promises, agreements, representations, warranties,
and covenants contained herein, each of the parties hereto hereby agrees as
follows: 1. Amendment. The Company and Elliott hereby agree that Section 3 and
Section 14 of the SPA shall be amended such that every reference to “January 31,
2019” shall be replaced with “11:59 p.m. Eastern Time on March 1, 2019.” 2.
Binding. This Agreement shall be binding on Elliott Associates and Elliott
International and their respective affiliates, successors, heirs, personal
representatives, and assigns. 3. No Modification. Other than as provided in
Section 1 herein, this Agreement shall not be construed to waive or amend any
other section or provision of the SPA, which shall remain in full force and
effect. 4. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware. 5. Counterparts. This
Agreement may be signed in any number of separate counterparts, each of which
shall be deemed an original, but all of which taken together shall constitute
one Agreement. 6. Effectiveness. This Agreement shall be effective on the date
first above written. [SIGNATURES BEGIN NEXT PAGE] PHX 332872181v2

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