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Exhibit 10.28    
    

 
 

FIFTH AMENDMENT TO
  LOAN AGREEMENT    
    

        FIFTH AMENDMENT dated as of January 10, 2001 (the "Amendment"), to the LOAN AGREEMENT dated as of November 19, 1999, as amended by the First
Amendment, dated as of February 16, 2000, as further amended by the Second Amendment, dated as of April 14, 2000, as further amended by the Third Amendment, dated June 23, 2000,
and as further amended by the Fourth Amendment, dated October 11, 2000 (as so amended, the "Agreement"), among Allied Worldwide, Inc., formerly known as NA Holding Corporation (the
"Company"), Blue Ridge Investments, LLC ("Blue Ridge") and Chase Securities Inc. ("Chase" and, together with Blue Ridge and Chase's and Blue Ridge's respective permitted successors and assigns
under the Agreement, the "Lenders"). 

        WHEREAS,
the Company and the Lenders have entered into the Agreement; 

        WHEREAS,
the Company and the Lenders wish to amend certain provisions of the Agreement pursuant to Section 9.2 of the Agreement; 

        NOW,
THEREFORE, the Company and the Lenders hereby amend the Agreement as follows: 

        1.     Capitalized
terms used in this Amendment without definition shall have the meanings given to them in the Agreement. 

        2.     The
first paragraph of Section 3.5(a) of the Agreement is amended to read in its entirety as follows: 

        (a)   On
any Business Day on or after December 1, 1999 and prior to the date that is 510 days after the Issue Date, all (but not less than all) of the Lenders
may elect to exchange all (but not less than all) of
the Loan for one or more Exchange Notes by giving not less than five Business Days' prior irrevocable written notice of such election to the Borrower and the Trustee specifying the name of each
proposed registered holder and, subject to the terms of the Indenture, the amount of each Exchange Note requested (each such notice, an "Exchange
Notice"). 

        3.     Section 3.5(e)
of the Agreement is amended to read in its entirety as follows: 

        (e)   On
the day that is 510 days after the Issue Date, the Lenders shall be deemed to have delivered an Exchange Notice and to have made all the agreements and
representations required by Section 3.5(a). The Loan shall thereupon be exchanged for Exchange Notes as and when provided in this Section 3.5. 

        4.     Each
of the undersigned, by its signature below, gives its written consent to this Amendment, and on and after the date first written above, each reference to the
Agreement shall mean and be a reference to the Agreement as amended and modified by this Amendment, unless the context otherwise requires. 

        5.     This
Amendment shall be effective as of the date first above written, and, except as set forth herein, the Agreement shall remain in full force and effect and shall be
otherwise unaffected hereby. 

        6.     This
Amendment may be executed in two or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same
instrument. 

        7.     This
Amendment and the rights and obligations of the parties under this agreement shall be governed by, and construed and interpreted in accordance with, the law of the
State of New York. 

 

        IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above
written. 

	 	 	ALLIED WORLDWIDE, INC.
	

 	
 	

By:	
 	

 
	 	 	 	 	/s/ Jeffrey Kaczka
 Name: Jeffrey Kaczka

Title: Chief Financial Officer
	

 	
 	

BLUE RIDGE INVESTMENTS LLC
	

 	
 	

By:	
 	

 
	 	 	 	 	/s/ Thomas G. White
 Name: Thomas G. White

Title: Managing Director
	

 	
 	

CHASE SECURITIES INC.
	

 	
 	

By:	
 	

 
	 	 	 	 	/s/ Benjamin Ben-Attar
 Name: Benjamin Ben-Attar

Title: Vice President

2

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Exhibit 10.28

FIFTH AMENDMENT TO LOAN AGREEMENTQuickLinks
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Exhibit 10.29    
    

 
 

SIXTH AMENDMENT TO
  LOAN AGREEMENT    
    

        SIXTH AMENDMENT dated as of April 5, 2001 (the "Amendment"), to the LOAN AGREEMENT dated as of November 19, 1999, as amended by the First Amendment,
dated as of February 16, 2000, as further amended by the Second Amendment, dated as of April 14, 2000, as further amended by the Third Amendment, dated June 23, 2000, as further
amended by the Fourth Amendment, dated October 11, 2000 and as further amended by the Fifth Amendment, dated January 10, 2001 (as so amended, the "Agreement"), among Allied
Worldwide, Inc., formerly known as NA Holding Corporation (the "Company"), Blue Ridge Investments, LLC ("Blue Ridge") and Chase Securities Inc. ("Chase" and, together with Blue Ridge and
Chase's and Blue Ridge's respective permitted successors and assigns under the Agreement, the "Lenders"). 

        WHEREAS,
the Company and the Lenders have entered into the Agreement; 

        WHEREAS,
the Company and the Lenders wish to amend certain provisions of the Agreement pursuant to Section 9.2 of the Agreement; 

        NOW,
THEREFORE, the Company and the Lenders hereby amend the Agreement as follows: 

        1.     Capitalized
terms used in this Amendment without definition shall have the meanings given to them in the Agreement. 

        2.     The
first paragraph of Section 3.5(a) of the Agreement is amended to read in its entirety as follows: 

        (a)   On
any Business Day on or after December 1, 1999 and prior to the date that is 600 days after the Issue Date, all (but not less than all) of the Lenders
may elect to exchange all (but not less than all) of the Loan for one or more Exchange Notes by giving not less than five Business Days' prior irrevocable written notice of such election to the
Borrower and the Trustee specifying the name of each proposed registered holder and, subject to the terms of the Indenture, the amount of each Exchange Note requested (each such notice, an
"Exchange Notice"). 

        3.     Section 3.5(e)
of the Agreement is amended to read in its entirety as follows: 

        (e)   On
the day that is 600 days after the Issue Date, the Lenders shall be deemed to have delivered an Exchange Notice and to have made all the agreements and
representations required by Section 3.5(a). The Loan shall thereupon be exchanged for Exchange Notes as and when provided in this Section 3.5. 

        4.     Each
of the undersigned, by its signature below, gives its written consent to this Amendment, and on and after the date first written above, each reference to the
Agreement shall mean and be a reference to the Agreement as amended and modified by this Amendment, unless the context otherwise requires. 

        5.     This
Amendment shall be effective as of the date first above written, and, except as set forth herein, the Agreement shall remain in full force and effect and shall be
otherwise unaffected hereby. 

        6.     This
Amendment may be executed in two or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same
instrument. 

        7.     This
Amendment and the rights and obligations of the parties under this agreement shall be governed by, and construed and interpreted in accordance with, the law of the
State of New York. 

 

        IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above
written. 

	 	 	ALLIED WORLDWIDE, INC.
	

 	
 	

By:	
 	

/s/ Ron Milewski
 Name: Ron Milewski

Title: Senior Vice President and Chief Financial Officer
	

 	
 	

BLUE RIDGE INVESTMENTS LLC
	

 	
 	

By:	
 	

/s/ Thomas G. White
 Name: Thomas G. White

Title: Managing Director
	

 	
 	

CHASE SECURITIES INC.
	

 	
 	

By:	
 	

/s/ Benjamin Ben-Attar
 Name: Benjamin Ben-Attar

Title: Vice President

2

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Exhibit 10.29

SIXTH AMENDMENT TO LOAN AGREEMENTQuickLinks
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Exhibit 10.30    
    

 
 

SEVENTH AMENDMENT TO
  LOAN AGREEMENT    
    

        SEVENTH AMENDMENT dated as of June    , 2001 (the "Amendment"), to the LOAN AGREEMENT dated as of November 19, 1999, as amended by the First
Amendment, dated as of February 16, 2000, as further amended by the Second Amendment, dated as of April 14, 2000, as further amended by the Third Amendment, dated June 23, 2000,
as further amended by the Fourth Amendment, dated October 11, 2000, as further amended by the Fifth Amendment, dated January 10, 2001, and as further amended by the Sixth Amendment,
dated April 2, 2001 (as so amended, the "Agreement"), among Allied Worldwide, Inc., formerly known as NA Holding Corporation (the "Company"), Blue Ridge Investments, LLC ("Blue Ridge")
and Chase Securities Inc. ("Chase" and, together with Blue Ridge and Chase's and Blue Ridge's respective permitted successors and assigns under the Agreement, the "Lenders"). 

        WHEREAS,
the Company and the Lenders have entered into the Agreement; 

        WHEREAS,
the Company and the Lenders wish to amend certain provisions of the Agreement pursuant to Section 9.2 of the Agreement; 

        NOW,
THEREFORE, the Company and the Lenders hereby amend the Agreement as follows: 

        1.     Capitalized
terms used in this Amendment without definition shall have the meanings given to them in the Agreement. 

        2.     The
first paragraph of Section 3.5(a) of the Agreement is amended to read in its entirety as follows: 

        (a)   On
any Business Day on or after December 1, 1999 and prior to the date that is 690 days after the Issue Date, all (but not less than all) of the Lenders
may elect to exchange all (but not less than all) of the Loan for one or more Exchange Notes by giving not less than five Business Days' prior irrevocable written notice of such election to the
Borrower and the Trustee specifying the name of each proposed registered holder and, subject to the terms of the Indenture, the amount of each Exchange Note requested (each such notice, an
"Exchange Notice"). 

        3.     Section 3.5(e)
of the Agreement is amended to read in its entirety as follows: 

        (e)   On
the day that is 690 days after the Issue Date, the Lenders shall be deemed to have delivered an Exchange Notice and to have made all the agreements and
representations required by Section 3.5(a). The Loan shall thereupon be exchanged for Exchange Notes as and when provided in this Section 3.5. 

        4.     Each
of the undersigned, by its signature below, gives its written consent to this Amendment, and on and after the date first written above, each reference to the
Agreement shall mean and be a reference to the Agreement as amended and modified by this Amendment, unless the context otherwise requires. 

        5.     This
Amendment shall be effective as of the date first above written, and, except as set forth herein, the Agreement shall remain in full force and effect and shall be
otherwise unaffected hereby. 

        6.     This
Amendment may be executed in two or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same
instrument. 

        7.     This
Amendment and the rights and obligations of the parties under this agreement shall be governed by, and construed and interpreted in accordance with, the law of the
State of New York. 

 

        IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above
written. 

	 	 	ALLIED WORLDWIDE, INC.
	

 	
 	

By:	
 	

/s/ Ronald L. Milewski
 Name: Ronald L. Milewski

Title: Senior Vice President and Chief Financial Officer
	

 	
 	

BLUE RIDGE INVESTMENTS LLC
	

 	
 	

By:	
 	

/s/ Thomas G. White
 Name: Thomas G. White

Title: Managing Director
	

 	
 	

CHASE SECURITIES INC.
	

 	
 	

By:	
 	

/s/ Benjamin Ben-Attar
 Name: Benjamin Ben-Attar

Title: Vice President

2

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Exhibit 10.30

SEVENTH AMENDMENT TO LOAN AGREEMENT

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