Document:

EXHIBIT 10.6

                                     WARRANT

                              TO PURCHASE SHARES OF
                                 COMMON STOCK OF
                       UNITED SHIPPING & TECHNOLOGY, INC.

                                                                NOVEMBER 6, 2000

         This Certifies that, for good and valuable consideration, CRAIG-HALLUM
CAPITAL GROUP (the "Warrantholder"), is entitled to subscribe for and purchase
from the Company, at any time after the date hereof, and prior to June 16, 2005
(the "Expiration Date") up to 50,000 shares of the Company's Common Stock at a
purchase price of $11.00 per share (the "Purchase Price"), subject to adjustment
as hereinafter set forth.

         1. Definitions. For the purposes of this Warrant the following terms
shall have the following meanings:

                  "Commission" shall mean the Securities and Exchange
         Commission, or any other federal agency then administering the
         Securities Act.

                  "Company" shall mean United Shipping & Technology, Inc., a
         Utah corporation, and any corporation which shall succeed to, or
         assume, the obligations of said corporation hereunder.

                  "Common Stock" shall mean the shares of Common Stock of the
         Company, $0.004 par value.

                  "Other Securities" shall mean any stock (other than Common
         Stock) or other securities of the Company which the Warrantholder at
         any time shall be entitled to receive, or shall have received, upon the
         exercise of the Warrants, in lieu of or in addition to Common Stock, or
         which at any time shall be issuable or shall have been issued in
         exchange for or in replacement of Common Stock or Other Securities.

                  "Securities Act" shall mean the Securities Act of 1933, as
         amended, and the rules and regulations of the Commission thereunder, as
         in effect at the time.

                  "Subscription Form" shall mean the subscription forms attached
         hereto.

                  "Transfer" shall mean any sale, assignment, pledge, or other
         disposition of any Warrants and/or Warrant Shares, or of any interest
         in either thereof, which would constitute a sale thereof within the
         meaning of Section 2(3) of the Securities Act.

                  "Warrant Shares" shall mean the shares of Common Stock
         purchased or purchasable by the Warrantholder upon the exercise of the
         Warrants pursuant to Section 2 hereof.

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                  "Warrantholder" shall mean the holder or holders of the
         Warrants or any related Warrant Shares.

                  "Warrants" shall mean this Warrant and any new warrants, of
         the same tenor and date as this Warrant, issued pursuant to Section 4
         hereof upon the exchange, transfer or replacement of this Warrant.

         All terms used in this Warrant which are not defined in Section 1
hereof have the meanings respectively set forth elsewhere in this Warrant.

         2. Exercise of Warrant, Issuance of Certificate, and Payment for
Warrant Shares. The rights represented by this Warrant may be exercised at any
time after the date hereof, and prior to the Expiration Date, by the
Warrantholder, in whole or in part (but not as to any fractional share of Common
Stock), by: (a) delivery to the Company of a completed Subscription Form, (b)
surrender to the Company of this Warrant properly endorsed and signature
guaranteed, and (c) delivery to the Company of a certified or cashier's check
made payable to the Company in an amount equal to the aggregate Purchase Price
of the shares of Common Stock being purchased, at its principal office or agency
in Minnesota (or such other office or agency of the Company as the Company may
designate by notice in writing to the holder hereof). The Company agrees and
acknowledges that the shares of Common Stock so purchased shall be deemed to be
issued to the holder hereof as the record owner of such shares as of the close
of business on the date on which this Warrant, properly endorsed, and the
Subscription Form shall have been surrendered and payment made for such shares
as aforesaid. Upon receipt thereof, the Company shall, as promptly as
practicable, and in any event within fifteen (15) days thereafter, execute or
cause to be executed and deliver to the Warrantholder a certificate or
certificates representing the aggregate number of shares of Common Stock
specified in said Subscription Form. Each stock certificate so delivered shall
be in such denomination as may be requested by the Warrantholder and shall be
registered in the name of the Warrantholder or such other name as shall be
designated by the Warrantholder. If this Warrant shall have been exercised only
in part, the Company shall, at the time of delivery of said stock certificate or
certificates, deliver to the Warrantholder a new Warrant evidencing the rights
of such holder to purchase the remaining shares of Common Stock covered by this
Warrant. The Company shall pay all expenses, taxes, and other charges payable in
connection with the preparation, execution, and delivery of stock certificates
pursuant to this Section 2, except that, in case any such stock certificate or
certificates shall be registered in a name or names other than the name of the
Warrantholder, funds sufficient to pay all stock transfer taxes which shall be
payable upon the execution and delivery of such stock certificate or
certificates shall be paid by the Warrantholder to the Company at the time of
delivering this Warrant to the Company as mentioned above.

         3. Ownership of this Warrant. The Company may deem and treat the
registered Warrantholder as the holder and owner hereof (notwithstanding any
notations of ownership or writing made hereon by anyone other than the Company)
for all purposes and shall not be affected by any notice to the contrary, until
presentation of this Warrant for transfer as provided herein and then only if
such transfer meets the requirements of Section 5.

         4. Exchange, Transfer, and Replacement. Subject to Section 5 hereof,
this Warrant is exchangeable upon the surrender hereof by the Warrantholder to
the Company at its office or agency described in Section 2 hereof for new
Warrants of like tenor and date representing in the

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aggregate the right to purchase the number of shares purchasable hereunder, each
of such new Warrants to represent the right to purchase such number of shares
(not to exceed the aggregate total number purchasable hereunder) as shall be
designated by the Warrantholder at the time of such surrender. Subject to
Section 5 hereof, this Warrant and all rights hereunder are transferable, in
whole or in part, upon the books of the Company by the Warrantholder in person
or by duly authorized attorney, and a new Warrant of the same tenor and date as
this Warrant, but registered in the name of the transferee, shall be executed
and delivered by the Company upon surrender of this Warrant, duly endorsed, at
such office or agency of the Company. Upon receipt by the Company of evidence
reasonably satisfactory to it of the loss, theft, destruction, or mutilation of
this Warrant, and, in the case of loss, theft, or destruction, of indemnity or
security reasonably satisfactory to it, and upon surrender and cancellation of
this Warrant, if mutilated, the Company will make and deliver a new Warrant of
like tenor, in lieu of this Warrant. This Warrant shall be promptly canceled by
the Company upon the surrender hereof in connection with any exchange, transfer,
or replacement. The Company shall pay all expenses, taxes (other than stock
transfer taxes), and other charges payable in connection with the preparation,
execution, and delivery of Warrants pursuant to this Section 4.

         5. Restrictions on Transfer. Notwithstanding any provisions contained
in this Warrant to the contrary, neither this Warrant nor the Warrant Shares
shall be transferable except upon the conditions specified in this Section 5,
which conditions are intended, among other things, to ensure compliance with the
provisions of the Securities Act in respect of the transfer of this Warrant or
such Warrant Shares. The holder of this Warrant agrees that such holder will not
transfer this Warrant or the related Warrant Shares (a) prior to delivery to the
Company of an opinion of counsel selected by the Warrantholder and reasonably
satisfactory to the Company, stating that such transfer is exempt from
registration under the Securities Act, or (b) until registration of such
Warrants and/or Warrant Shares under the Securities Act has become effective and
continues to be effective at the time of such transfer. An appropriate legend
may be endorsed on the Warrants and the certificates of the Warrant Shares
evidencing these restrictions. The holder of this Warrant further agrees that
such holder will not, for a period of 180 days from the date that a registration
statement covering securities offered by the Company is declared effective by
the Commission, offer to sell, contract to sell, or otherwise sell, dispose of,
loan, pledge or grant any rights with respect to the Warrant or the Warrant
Shares owned by the holder, otherwise than with the prior written consent of the
Company.

         6. Antidilution Provisions. The rights granted hereunder are subject to
the following:

                   (a) Stock Splits. In case at any time the Company shall
         subdivide its outstanding shares of Common Stock into a greater number
         of shares, the Purchase Price in effect immediately prior to such
         subdivision shall be proportionately reduced and the number of Warrant
         Shares purchasable pursuant to this Warrant immediately prior to such
         subdivision shall be proportionately increased, and conversely, in case
         at any time the Company shall combine its outstanding shares of Common
         Stock into a smaller number of shares, the Purchase Price in effect
         immediately prior to such combination shall be proportionately
         increased and the number of Warrant Shares purchasable upon the
         exercise of this Warrant immediately prior to such combination shall be
         proportionately reduced. Except as provided in this paragraph (a), no
         adjustment in the Purchase Price and no change in the number of Warrant
         Shares so purchasable shall be

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         made pursuant to this Section 6 as a result of or by reason of any such
         subdivision or combination.

                  (b) Reorganization, Reclassification, Consolidation, Merger,
         or Sale. If any capital reorganization or reclassification or merger of
         the Company with another corporation, or the sale of all or
         substantially all of its assets to another corporation, shall be
         effected in such a way that holders of shares of Common Stock shall be
         entitled to receive Common Stock, Other Securities or assets with
         respect to or in exchange for shares of Common Stock, then, as a
         condition of such reorganization, reclassification, consolidation,
         merger or sale, lawful and adequate provision shall be made whereby the
         Warrantholder shall thereafter have the right to purchase and receive
         upon the basis and upon the terms and conditions specified in the
         Warrants and in lieu of the shares of Common Stock of the Company
         immediately theretofore purchasable and receivable upon the exercise of
         the Warrants such shares of Common Stock, Other Securities or assets as
         may be issued or payable with respect to or in exchange for a number of
         outstanding shares of Common Stock equal to the number of shares of
         Common Stock immediately theretofore purchasable and receivable upon
         the exercise of the Warrants had such reorganization, reclassification,
         consolidation, merger or sale not taken place, and in any such case
         appropriate provision shall be made with respect to the rights and
         interests of the Warrantholder so that the provisions of the Warrants
         (including, without limitation, provisions for adjustment of the
         Purchase Price and the number of shares purchasable upon the exercise
         of the Warrants) shall thereafter be applicable, as nearly as may be,
         in relation to any shares of Common Stock, Other Securities or assets
         thereafter deliverable upon the exercise of the Warrants.

         7. Special Agreements of the Company.

                  (a) Will Reserve Shares. The Company will reserve and set
         apart and have at all times the number of shares of authorized but
         unissued Common Stock deliverable upon the exercise of the Warrants,
         and it will have at all times any other rights or privileges provided
         for herein sufficient to enable it at any time to fulfill all of its
         obligations hereunder.

                  (b) Will Avoid Certain Actions. The Company will not, by
         amendment of its Articles of Incorporation or through any
         reorganization, transfer of assets, consolidation, merger, issue or
         sale of securities or otherwise, avoid or take any action which would
         have the effect of avoiding the observance or performance hereunder by
         the Company, but will at all times in good faith assist in carrying out
         of all the provisions of the Warrants and in taking all such actions as
         may be necessary or appropriate in order to protect the rights of the
         Warrantholder against dilution or other impairment.

         8. Provisions for Registration. Despite anything in this Warrant to the
contrary, the Warrantholder shall have the following rights regarding
registration of Warrant Shares which may be hereafter acquired upon exercise of
this Warrant.

                   (a) Required Registration. If at any time the Company
         receives the written request from the Holder of this Warrant, the
         Company shall prepare and file a registration statement under the
         Securities Act covering the Warrant Shares which are the subject of

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         such requests and shall use its best efforts to cause such registration
         statement to become effective; provided, however, that all Warrant
         Shares covered by such registration statement shall be converted into
         Common Stock prior to inclusion in such registration statement. In
         addition, upon the receipt of the aforementioned request, the Company
         shall promptly give written notice to all other record holders of
         Warrant Shares that such registration is to be effected. The Company
         shall include in such registration statement such Warrant Shares for
         which it has received written requests to register by such other record
         holders within fifteen (15) days after the Company's written notice to
         such other record holders. The Company shall be obligated to prepare,
         file and cause to become effective only two (2) registration statements
         pursuant to this Section 8(a). In the event that the holders of a
         majority of the Warrant Shares for which registration has been
         requested pursuant to this Section determine for any reason not to
         proceed with a registration at any time before the registration
         statement has been declared effective by the Commission, and such
         holders thereafter request the Company to withdraw such registration
         statement, the holders of such Warrant Shares agree to bear their own
         expenses incurred in connection therewith and to reimburse the Company
         for the expenses incurred by it attributable to such registration
         statement, then, and in such event, the holders of such Warrant Shares
         shall not be deemed to have exercised their right to require the
         Company to register Warrant Shares pursuant to this Section 8(a).

         (b) Incidental Registration. Each time the Company shall determine to
         proceed with the actual preparation and filing of a registration
         statement under the Securities Act in connection with the proposed
         offer and sale for money of any of its Common Stock by it or any of its
         security holders, the Company will give written notice of its
         determination to all record holders of Warrant Shares. Upon the written
         request of a record holder of any Warrant Shares given within fifteen
         (15) days after receipt of any such notice from the Company, the
         Company will, except as herein provided, cause all such Warrant Shares,
         the record holders of which have so requested registration thereof, to
         be included in such registration statement, all to the extent requisite
         to permit the sale or other disposition by the prospective seller or
         sellers of the Warrant Shares to be so registered; provided, however,
         that (a) all such Warrant Shares to be so registered shall be converted
         into Common Stock prior to sale pursuant to such registration
         statement; (b) nothing herein shall prevent the Company from, at any
         time, abandoning or delaying any such registration initiated by it; and
         (c) if the Company determines not to proceed with a registration after
         the registration statement has been filed with the Commission and the
         Company's decision not to proceed is primarily based upon the
         anticipated public offering price of the securities to be sold by the
         Company, the Company shall promptly complete the registration for the
         benefit of those selling security holders who wish to proceed with a
         public offering of their securities and who bear all expenses in excess
         of $25,000 incurred by the Company as the result of such registration
         after the Company has decided not to proceed. If any registration
         pursuant to this Section shall be underwritten in whole or in part, the
         Company may require that the Warrant Shares requested for inclusion
         pursuant to this Section be included in the underwriting on the same
         terms and conditions as the securities otherwise being sold through the
         underwriters. If in the good faith judgment of the managing underwriter
         of such public offering the inclusion of all of the Warrant Shares
         originally covered by a request for registration would reduce the
         number of shares to be offered by the Company or interfere with the
         successful marketing of the shares of stock offered by the Company, the
         number of Warrant Shares otherwise

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         to be included in the underwritten public offering may be reduced pro
         rata among the holders thereof requesting such registration to a number
         that the managing underwriter believes will not adversely affect the
         sale of shares by the Company. Those securities which are thus excluded
         from the underwritten public offering, and any other Common Stock owned
         by such holders, shall be withheld from the market by the holders
         thereof for a period, not to exceed one hundred eighty (180) days,
         which the managing underwriter reasonably determines is necessary in
         order to effect the underwritten public offering.

                  (c) Registration Procedures. If and whenever the Company is
         required by the provisions of Sections 8(a) or 8(b) to effect the
         registration of any Warrant Shares under the Securities Act, the
         Company will:

                           1. prepare and file with the Commission a
                  registration statement with respect to such Warrant Shares,
                  and use its best efforts to cause such registration statement
                  to become and remain effective for such period as may be
                  reasonably necessary to effect the sale of such Warrant
                  Shares, not to exceed three (3) months;

                           2. prepare and file with the Commission such
                  amendments to such registration statement and supplements to
                  the prospectus contained therein as may be necessary to keep
                  such registration statement effective for such period as may
                  be reasonably necessary to effect the sale of such Warrant
                  Shares, not to exceed three (3) months;

                           3. furnish to the security holders participating in
                  such registration and to the underwriters of the Warrant
                  Shares being registered such reasonable number of copies of
                  the registration statement, preliminary prospectus, final
                  prospectus and such other documents as such security holders
                  and underwriters may reasonably request in order to facilitate
                  the public offering of such Warrant Shares;

                           4. use its best efforts to register or qualify the
                  Warrant Shares covered by such registration statement under
                  such state securities or blue sky laws of such jurisdictions
                  as such participating holders may reasonably request within
                  ten (10) days following the original filing of such
                  registration statement, except that the Company shall not for
                  any purpose be required to execute a general consent to
                  service of process or to qualify to do business as a foreign
                  corporation in any jurisdiction wherein it is not so
                  qualified;

                           5. notify the security holders participating in such
                  registration, promptly after it shall receive notice thereof,
                  of the time when such registration statement has become
                  effective or a supplement to any prospectus forming a part of
                  such registration statement has been filed;

                           6. notify such holders promptly of any request by the
                  Commission for the amending or supplementing of such
                  registration statement or prospectus or for additional
                  information;

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                           7. prepare and file with the Commission, promptly
                  upon the request of any such holders, any amendments or
                  supplements to such registration statement or prospectus
                  which, in the opinion of counsel for such holders (and
                  concurred in by counsel for the Company), is required under
                  the Securities Act or the rules and regulations thereunder in
                  connection with the distribution of the Warrant Shares by such
                  holder;

                           8. prepare and promptly file with the Commission and
                  promptly notify such holders of the filing of such amendment
                  or supplement to such registration statement or prospectus as
                  may be necessary to correct any statements or omissions if, at
                  the time when a prospectus relating to such securities is
                  required to be delivered under the Securities Act, any event
                  shall have occurred as the result of which any such prospectus
                  or any other prospectus as then in effect would include an
                  untrue statement of a material fact or omit to state any
                  material fact necessary to make the statements therein, in the
                  light of the circumstances in which they were made, not
                  misleading;

                           9. advise such holders, promptly after it shall
                  receive notice or obtain knowledge thereof, of the issuance of
                  any stop order by the Commission suspending the effectiveness
                  of such registration statement or the initiation or
                  threatening of any proceeding for that purpose and promptly
                  use its best efforts to prevent the issuance of any stop order
                  or to obtain its withdrawal if such stop order should be
                  issued; and

                           10. not file any amendment or supplement to such
                  registration statement or prospectus to which a majority in
                  interest of such holders shall have reasonably objected on the
                  grounds that such amendment or supplement does not comply in
                  all material respects with the requirements of the Securities
                  Act or the rules and regulations thereunder, after having been
                  furnished with a copy thereof at least five (5) business days
                  prior to the filing thereof, unless in the opinion of counsel
                  for the Company the filing of such amendment or supplement is
                  reasonably necessary to protect the Company from any
                  liabilities under any applicable federal or state law and such
                  filing will not violate applicable law.

                   (d) Expenses. With respect to any registration, requested
         pursuant to Section 8(a) (except as otherwise provided in such section
         with respect to registrations voluntarily terminated at the request of
         the requesting security holders) and with respect to each inclusion of
         securities in a registration statement pursuant to Section 8(b) (except
         as otherwise provided in Section 8(b) with respect to registrations
         terminated by the Company), the Company shall bear the following fees,
         costs and expenses: all registration, filing and NASD fees, printing
         expenses, fees and disbursements of counsel and accountants for the
         Company, fees and disbursements of counsel for the underwriter or
         underwriters of such securities (if the Company and/or selling security
         holders are required to bear such fees and disbursements), all internal
         Company expenses, the premiums and other costs of policies of insurance
         against liability arising out of the public offering, and all legal
         fees and disbursements and other expenses of complying with state
         securities or blue sky laws of any jurisdictions in which the
         securities to be

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         offered are to be registered or qualified. Fees and disbursements of
         counsel and accountants for the selling security holders, underwriting
         discounts and commissions and transfer taxes for selling security
         holders and any other expenses incurred by the selling security holders
         not expressly included above shall be borne by the selling security
         holders.

                  (e) Copies of Prospectus; Amendments of Prospectus. The
         Company will furnish the Warrantholder with a reasonable number of
         copies of any prospectus or offering circular and one copy of the
         registration statement included in such filings and will amend or
         supplement the same as required during the nine (9) month period
         following the effective date of the registration statement, provided,
         that the expenses of any amendment or supplement made or filed more
         than three (3) months after the effective date of the registration
         statement, at the request of the Warrantholder, shall be borne by the
         Warrantholder.

                  (f) Conditions of the Company's Obligations. It shall be a
         condition of the Company's obligation to register the Warrant Shares
         hereunder that the Warrantholder agrees to cooperate with the Company
         in the preparation and filing of any such registration statement, or in
         its efforts to establish that the proposed sale is exempt under the
         Securities Act, as to any proposed distribution. It shall also be a
         condition of the Company's obligations under this Agreement that, in
         the case of the filing of any registration statement, and to the extent
         permissible under the Securities Act, and controlling precedent
         thereunder, the Company and the Warrantholder provide
         cross-indemnification agreements to each other in customary scope
         covering the accuracy and completeness of the information furnished by
         each.

         9. Notices. Any notice or other document required or permitted to be
given or delivered to the Warrantholder shall be delivered or sent by certified
mail to the Warrantholder at the last address shown on the books of the Company
maintained for the registry and transfer of the Warrants. Any notice or other
document required or permitted to be given or delivered to the Company shall be
delivered or sent by certified or registered mail to the principal office of the
Company.

         10. No Rights as Shareholders; Limitation of Liability. This Warrant
shall not entitle any holder hereof to any of the rights of a shareholder of the
Company. No provisions hereof, in the absence of affirmative action by the
holder hereof to purchase shares of Common Stock, and no mere enumeration herein
of the rights or privileges of the holder hereof, shall give rise to any
liability of such holder for the Purchase Price or as a shareholder of the
Company whether such liability is asserted by the Company or by creditors of the
Company.

         11. Governing Law. This Warrant shall be governed by, and construed and
enforced in accordance with, the laws of the State of Minnesota, without regard
to conflicts of laws principles.

         12. Miscellaneous. This Warrant and any provision hereof may be
changed, waived, discharged, or terminated only by an instrument in writing
signed by the party (or any predecessor in interest thereof) against which
enforcement of the same is sought. The headings

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in this Warrant are for purposes of reference only and shall not affect the
meaning or construction of any of the provisions hereof.

         IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by
a duly authorized officer, and to be dated as of November 6, 2000.

                                 UNITED SHIPPING & TECHNOLOGY, INC.

                                 By: /s/ Peter C. Lytle
                                     -------------------------------------
                                     Peter C. Lytle
                                     Chief Executive Officer

"THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933 (THE "1933 ACT") OR UNDER THE SECURITIES LAWS OF ANY
OTHER STATE AND MAY NOT BE TRANSFERRED WITHOUT (i) THE OPINION OF COUNSEL
SATISFACTORY TO THE COMPANY THAT SUCH TRANSFER MAY LAWFULLY BE MADE WITHOUT
REGISTRATION UNDER THE 1933 ACT OR THE SECURITIES LAWS OF ANY APPLICABLE STATE;
OR (ii) SUCH REGISTRATION."

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                             FULL SUBSCRIPTION FORM

To Be Executed By the Registered Warrantholder if It/
She/He Desires to Exercise in Full the Within Warrant

         The undersigned hereby exercises the right to purchase the
_____________ shares of Common Stock covered by the within Warrant at the date
of this subscription and herewith makes payment of the sum of
$____________________________ representing the Purchase Price of $__________ per
share in effect at that date. Certificates for such shares shall be issued in
the name of and delivered to the undersigned, unless otherwise specified by
written instructions, signed by the undersigned and accompanying this
subscription.

Dated:________________________________

                                    Signature:__________________________________

                                    Address:

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                            PARTIAL SUBSCRIPTION FORM

To be Executed by the Registered Warrantholder if It/She/He
Desires to Exercise in Part Only the Within Warrant

         The undersigned hereby exercises the right to purchase __________
shares of the total shares of Common Stock covered by the within Warrant at the
date of this subscription and herewith makes payment of the sum of $____________
representing the Purchase Price of $_________ per share in effect at this date.

         Certificates for such shares and a new Warrant of like tenor and date
for the balance of the shares not subscribed for (if any) shall be issued in the
name of and delivered to the undersigned, unless otherwise specified by written
instructions, signed by the undersigned and accompanying this subscription.

         The shares hereby subscribed for constitute ______________ shares of
Common Stock (to the nearest whole share) resulting from adjustment of
______________ shares of the total of __________________ shares of Common Stock
covered by the within Warrant, as said shares were constituted at the date of
the Warrant.

Dated:__________________________

                                    Signature:__________________________________

                                    Address:

                                       11EXHIBIT 10.7

                       SUPPLEMENTAL BRIDGE LOAN AGREEMENT

         SUPPLEMENTAL BRIDGE LOAN AGREEMENT (the "Agreement") dated as of
January 31, 2001, by and between UNITED SHIPPING & TECHNOLOGY, INC., a Utah
corporation (the "Company"), TH Lee.Putnam Internet Partners, LP, a Delaware
limited partnership, TH Lee.Putnam Internet Parallel Partners, LP, a Delaware
limited partnership, THLi Coinvestment Partners LLC, a Delaware limited
liability company, and Blue Star I, LLC, a Delaware limited liability company
(together, the "Investors" and each a "Investor").

                                    RECITALS:

         o Whereas, the Company and the Investors have entered into a Bridge
Loan Agreement dated as of January 4, 2001 (the "First Agreement"; all
capitalized terms used herein but not otherwise defined shall have the meanings
set forth in the First Agreement) pursuant to which, among other things, the
Investors were granted an option to lend the Company up to $1,500,000 in
exchange for a convertible bridge note in the form attached hereto as Appendix A
(the "Second Note"); and

         o Whereas, the Investors desire to lend funds to the Company on the
terms and conditions set forth in this Agreement.

         NOW, THEREFORE, in consideration of the foregoing, the mutual promises
set forth herein, and for other good and valuable consideration, the parties
hereto agree as follows:

         1. Loan/Note(s). The Investors agree to lend to the Company the sum of
$1,500,000, evidenced by the delivery to the Investors as of the date hereof of
the Second Note. Interest on the Second Note shall be payable at maturity in
immediately available funds or, subject to the shareholder consent set forth in
Section 10 of the First Agreement having been obtained, at the option of the
Investors, in Series D Preferred of the Company, valued at the Conversion Price.
The Second Note may be converted into Series D Preferred or other stock of the
Company, in accordance with the terms of the Second Note. Shares of Series D
Preferred of the Company issuable pursuant to the Second Note, are hereinafter
sometimes collectively referred to as the "Shares."

         2. Repayment. Unless otherwise converted, all outstanding principal and
accrued interest on the Second Note shall be due and payable on July 4, 2001.

         3. Investor Mandatory Conversion. The Investors may at any time, upon
written notice to the Company, require conversion of all or any portion of the
Second Note into Series D Preferred (or other stock of the Company as set forth
in the Second Note) at the Conversion Price set forth in such Second Note, plus
all accrued interest.

         4. Representations and Warranties of the Company. The Company
represents and warrants to the Investors that this Agreement has been duly
authorized by all necessary corporate action on behalf of the Company, has been
duly executed and delivered by an authorized officer of the Company, and the
valid and binding agreement of the Company, subject, as to

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enforcement or remedies, to applicable bankruptcy, insolvency, moratorium,
reorganization and similar laws affecting creditors' rights generally and to
general equitable principles. All corporate action necessary for the
authorization, issuance, and delivery of the Note has been taken on or prior to
the date hereof.

         5. Representations and Warranties of the Investors. Each Investor
represents and warrants to the Company as follows:

                  (a) This Agreement when executed and delivered by the Investor
         will constitute a valid and legally binding obligation of Investor,
         subject, as to enforcement of remedies, to applicable bankruptcy,
         insolvency, moratorium, reorganization and similar laws affecting
         creditors' rights generally and to general equitable principles.

                  (b) Investor acknowledges that it has had an opportunity to
         discuss the business, affairs and current prospects of the Company with
         its officers. Investor further acknowledges having had access to
         information about the Company that it has requested. Investor has
         received and carefully reviewed the following of the Company's filings
         with the Securities and Exchange Commission under the Securities
         Exchange Act of 1934, as amended: Report on Form 10-KSB for the fiscal
         year ended July 1, 2000; Proxy Statement dated July 13, 2000, relating
         to Special Shareholders meeting; Report on Form 10-QSB for the fiscal
         quarter ended September 30, 2000; Proxy Statement dated December 22,
         2000 in connection with Annual Meeting of Shareholders to be held on
         January 19, 2001; S-3 Registration Statement filed March 1, 2000 and
         amendments thereto dated August 18, 2000, September 10, 2000 and
         prospectuses filed pursuant to Rule 424B, dated September 12, 2000 and
         December 18, 2000. Investor further acknowledges:

                           (i) that Investor has knowledge and experience in
                  financial and business matters such that Investor is capable
                  of evaluating the merits and risks of prospective investment
                  in the Notes and the Shares and is able to bear such risks;
                  and

                           (ii) that Investor understands that purchase of the
                  Notes and investment in the Shares involves a high degree of
                  risk, but believes that the investment is suitable for
                  Investor based upon Investor's objectives and financial needs,
                  and Investor has adequate means for providing for Investor's
                  current financial needs and contingencies, and has no need for
                  liquidity of investment with respect to the Notes or the
                  Shares.

                  (c) The Shares will be acquired for investment purposes for
         the account of Investor, and not with a view to or in connection with
         the resale or distribution of any part thereof.

                  (d) Investor understands that the Shares will not be
         registered under the Act, on the ground that the sale provided for in
         this Agreement is exempt from registration under of the Act, and that
         the reliance of the Company on such exemption is predicated in part on
         Investor's representations set forth in this Agreement. Investor
         understands that

                                       2
<PAGE>

         the Shares being purchased hereunder are restricted securities within
         the meaning of Rule 144 under the Act; that the Shares are not
         registered and must be held indefinitely unless they are subsequently
         registered or an exemption from such registration is available.

                  (e) It is understood that each certificate representing the
         Shares, and any other securities issued in respect of the any of the
         foregoing upon any stock split, stock dividend, recapitalization,
         merger or similar event shall be stamped or otherwise imprinted with a
         legend substantially in the following form:

         THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
         SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER THE SECURITIES
         LAWS OF CERTAIN STATES. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON
         TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT
         AS PERMITTED UNDER THE ACT AND THE APPLICABLE STATE SECURITIES LAWS,
         PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. INVESTORS SHOULD BE
         AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS
         INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. EXCEPT IN CONNECTION WITH
         SALES UNDER RULE 144 PROMULGATED UNDER THE ACT, THE ISSUER OF THESE
         SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE
         REASONABLY SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED
         TRANSFER OR RESALE IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE
         STATE SECURITIES LAWS.

                  (f) The legend set forth above shall be removed by the Company
         from any certificate evidencing Shares or upon delivery to the Company
         of an opinion by counsel, reasonably satisfactory to the Company, that
         a registration statement under the Act is at that time in effect with
         respect to the legend security or that such security can be freely
         transferred in a public sale without such a registration statement
         being in effect and that such transfer will not jeopardize the
         exemption or exemptions from registration pursuant to which the Company
         issued the Shares; and if such legend is removed based upon the
         availability of SEC Rule 144 for such transfer or sale, such removal
         may be conditioned upon compliance by the holder of the Shares or upon
         evidence of compliance with Rule 144.

                  (g) Investor is an accredited investor as defined in SEC
         Regulation D.

         6. Other.

                  (a) This Agreement and the rights and obligations of the
         parties hereunder shall not be assignable, in whole or in part, by any
         party without the prior written consent of the other party.

                  (b) This Agreement, including the appendices attached hereto,
         constitutes the entire agreement of the parties relative to the subject
         matter hereof and supersedes any

                                       3
<PAGE>

         and all other agreements and understandings, whether written or oral,
         relative to the matters discussed herein.

                  (c) This Agreement shall be construed and enforced in
         accordance with the laws of the State of New York, without regard to
         conflicts of laws principles.

                  (d) This Agreement may be executed in two or more
         counterparts, each of which shall be deemed an original, but all of
         which together shall constitute one and the same instrument.

                  (e) Nothing herein shall otherwise affect the rights and
         obligations of the relevant parties under the First Agreement.

         7. Conditions to the Issue of the Second Note. The issue of the Second
Note hereunder shall be subject to the following:

                  (a) The Board of Directors of the Company shall have
         authorized the issuance of sufficient Series D Preferred (such stock
         having terms to be determined by mutual agreement between the Company
         and the Investors, but in any case not less advantageous and having no
         less priority than the Series C Convertible Preferred Stock of the
         Company) to enable conversion of the Second Note in accordance with its
         terms;

                  (b) The consent of General Electric Credit Corporation to the
         issuance of the Second Note on the terms set forth therein and in this
         Agreement shall have been obtained.

                                       4
<PAGE>

         IN WITNESS WHEREOF, the parties have executed this Bridge Loan
Agreement as of the date first written above.

                             UNITED SHIPPING & TECHONOLOGY, INC.

                             By:   /s/ Wesley C. Fredenburg
                                   -----------------------------------
                                   Name:  Wesley C. Fredenburg
                                   Title: Secretary and General Counsel

                             TH LEE.PUTNAM INTERNET PARTNERS, L.P.

                             By:   TH Lee.Putnam Internet Advisors L.P.
                             Its:  General Partner

                             By:   /s/ Douglas Hsieh
                                   -----------------------------------
                                   Name:  Douglas Hsieh
                                   Title: Vice President

                             TH LEE.PUTNAM INTERNET PARALLEL PARTNERS, L.P.

                             By:   TH Lee.Putnam Internet Advisors L.P.
                             Its:  General Partner

                             By:   /s/ Douglas Hsieh
                                   -----------------------------------
                                   Name:  Douglas Hsieh
                                   Title: Vice President

                             THLi COINVESTMENT PARTNERS, LLC

                             By:   /s/ Douglas Hsieh
                                   -----------------------------------
                                   Name:  Douglas Hsieh
                                   Title: Vice President

                             BLUE STAR I, LLC

                             By:   /s/ Thomas H. Lee
                                   -----------------------------------
                                   Name: Thomas H. Lee
                                   Its:  Managing Member

                                       5
<PAGE>

                                   APPENDIX A

                             CONVERTIBLE BRIDGE NOTE

$1,500,000

                                                          Minneapolis, Minnesota
                                                                January 31, 2001

         FOR VALUE RECEIVED, United Shipping & Technology, Inc., a Utah
corporation, (the "Company"), promises to pay to the order of TH Lee.Putnam
Internet Partners, LP, a Delaware limited partnership, TH Lee.Putnam Internet
Parallel Partners, LP, a Delaware limited partnership, THLi Coinvestment
Partners LLC, a Delaware limited liability company, and Blue Star I, LLC, a
Delaware limited liability company (together, the "Holder"), at Holder's address
specified in the Supplemental Bridge Loan Agreement of even date, or at such
other place as Holder may designate in writing from time to time, the principal
sum of one million five hundred thousand dollars ($1,500,000), in lawful money
of the United States, together with interest, compounding quarterly from the
date hereof on the unpaid principal balance outstanding from time to time, at
the rate of eighteen percent (18%) per annum (calculated on the basis of the
actual number of days elapsed and a 365-day year). Unless converted pursuant to
Section 3 hereof, all outstanding principal and accrued interest on this Note
shall be due and payable on July 4, 2001.

         1. Bridge Loan Agreement. This Note has been issued pursuant to and is
subject to the terms and provisions of a Supplemental Bridge Loan Agreement (the
"Agreement"), dated as of the date hereof, between the Company and the Holder,
and the Bridge Loan Agreement (the "First Agreement"), dated as of January 4,
2001, between the Company and the Holder, and this Note and the Holder are
entitled to all the benefits provided for in the Agreement and the First
Agreement. The provisions of the Agreement and the First Agreement are
incorporated herein by reference with the same force and effect as if fully set
forth herein.

         2. Conversion. Prior to payment of the principal amount of this Note by
the Company, this Note may be converted as follows:

                  (a) Conversion at the Option of the Holder. Subject to the
         Company having obtained the approval of its shareholders pursuant to
         Section 10 of the First Agreement, upon written notice to Company at
         any time, all or any portion of (i) the principal balance of and
         accrued interest on, and (ii) if any Event of Default has occurred, the
         amount of the liquidated damages set forth in Section 6(b) hereof in
         respect of, this Note may be converted, at the option of the Holder,
         into shares of the Company's Series D Convertible Preferred Stock
         ("Conversion Shares") or, at the Holder's option, any other shares in
         the capital of the Company available for issuance.

                  (b) Conversion Procedure. Upon receipt of a conversion notice
         from the Company, or upon notice of conversion by Holder, Holder shall
         surrender this Note against delivery of the Conversion Shares and
         payment of interest on the Note. The Note shall cease to bear interest
         on the date notice of conversion is given by the Company or

                                      A-1
<PAGE>

         Holder. The number of shares issuable upon conversion shall be equal to
         (i) the quotient of the amount converted, including accrued interest,
         and (ii) if an event of default has occurred, the amount of the
         liquidated damages set forth in Section 6(b) hereof, divided by the
         Conversion Price. As promptly as possible thereafter, the Company shall
         issue and deliver to the Holder a certificate representing the number
         of Conversion Shares into which this Note has been converted.
         Thereupon, this Note, or the portion hereof converted, shall be deemed
         to have been satisfied and discharged, and the Conversion Shares into
         which this Note shall be so converted shall be fully paid and
         nonassessable shares. In the event a conversion pursuant to Section
         5(a) results in the issuance of a fractional share, the Holder shall
         receive, in lieu thereof, cash payment based upon the Conversion Price.
         If less than the entire principal balance of this Note is converted,
         the Company shall deliver to the Holder a new Note of like tenor for
         the unconverted principal balance.

                  (c) Conversion Price. The Conversion Price shall be the lesser
         of: (a) the average market price of the Company's stock as determined
         by the average closing price of the Company's Common Stock as reported
         by NASDAQ for five trading days prior to such conversion, or (b) a
         price 25% lower than the price per share at which the Company's Series
         D Convertible Preferred Stock, or the lowest price of any other voting
         stock of the Company issued subsequent to the date hereof, was sold to
         one or more third party investors.

                  (d) Adjustments. The Conversion Price and the number of shares
         into which the Note may be converted shall be appropriately adjusted to
         reflect any stock split, stock dividend, merger, reorganization, or
         similar action affecting the outstanding stock of the Company.

         3. Payment of Interest. Interest shall be payable at maturity or upon
conversion of this Note pursuant to Section 3, if earlier, of this Note in
immediately available funds or, at the Holder's option, in Conversion Shares
converted at the Conversion Price

         4. Investment Intent. Neither this Note, the Common Stock of the
Company, nor the Conversion Shares issuable upon conversion of this Note have
been registered under the Securities Act of 1933, as a amended ("Securities
Act"), or under applicable state securities laws. Other than pursuant to
registration under federal and any applicable state securities laws or an
exemption from such registration, the availability of which the Company shall
determine in its sole discretion, neither this Note nor any Conversion Shares
may be sold, pledged, or otherwise disposed of unless the Company has received
from the transferee hereof such representations and agreements as the Company
shall determine in its sole discretion may be necessary to permit such transfer,
and the Company shall determine that such transfer will not violate applicable
securities laws. The Holder, by acceptance hereof, agrees to give written notice
to the Company before transferring this Note or any Conversion Shares of the
Holder's intention to do so, describing the manner of any proposed transfer.
Within 30 days after receiving written notice, the Company shall notify the
Holder as to whether such transfer may be effected and of the conditions to any
such transfer.

         5. Event of Default.

                                      A-2
<PAGE>

                  (a) Definition. For the purposes of this Note, an Event of
         Default shall be deemed to have occurred if:

                           (i) the Company fails to pay when due and payable
                  (whether at maturity or otherwise) the full amount of interest
                  then accrued on any Note or the full amount of any principal
                  payment on any Note, and such failure to pay is not cured
                  within ten business days after the occurrence thereof; or

                           (ii) a sale of the Company (and any of its
                  subsidiaries) occurs, including in one or more series of
                  related transactions, pursuant to which a third party or
                  parties acquire (i) a majority of the outstanding capital
                  stock of the Company (whether by merger, consolidation, sale
                  or transfer of any or all of the outstanding capital stock of
                  the Company) or (ii) all or substantially all of the Company's
                  assets determined on a consolidated basis; or

                           (iii) any event of default or acceleration occurs or
                  is deemed to occur under any instrument evidencing or
                  otherwise securing any debt of the Company and such event of
                  default continues (whether consecutively or in the aggregate)
                  for a period of ten business days.

                  (b) Payment Upon Event of Default. If, while this Note remains
         outstanding, any Event of Default (as defined above) occurs, the Holder
         shall be entitled to receive immediately upon any such Event of Default
         the entire outstanding principal amount of the note plus any accrued
         dividends, plus liquidated damages equal to two times the outstanding
         principal balance of this Note, plus all accrued and unpaid interest
         (if any). The parties hereby acknowledge and agree that the payment of
         such liquidated damages is a reasonable calculation of the Holder's
         lost profits and damages and is hereby agreed to by the parties in view
         of extreme difficulty of ascertaining actual damages by agreement of
         the parties at the time of any such Event of Default.

         6. Notices. All demands and notices to be given hereunder shall be
delivered or sent by certified mail, return receipt requested; or by courier, in
the case of the Company, to its corporate headquarters at 9850 51st Avenue
North, Suite 110, Minneapolis, Minnesota 55442, and in the case of the Holder,
addressed to the address provided in the Agreement.

         7. Miscellaneous. This Note shall be governed by the law of the State
of New York, without application of conflicts of law principles. This Note shall
be binding upon, and enforceable in accordance with its terms against, the
Company and its successors and assigns.

         8. Severability. If at the time of enforcement of this Note, a Court
shall hold that any provision or rate or term stated herein is unreasonable
under the circumstances then existing, the Company agrees that a provision
deemed reasonable by the Court shall be substituted for such provision or rate
or term and the Court shall be allowed to so revise such provision.

         9. Subordination. Any capitalized terms used in this Section and not
otherwise defined in this Note shall have the meaning set forth in the Senior
Credit Agreement.

                                      A-3
<PAGE>

         THE PROVISIONS OF THIS SECTION SHALL APPLY ONLY TO GENERAL ELECTRIC
CAPITAL CORPORATION ("GE") AS AGENT FOR THE LENDERS UNDER THE SENIOR CREDIT
AGREEMENT AND SHALL NOT APPLY TO ANY ASSIGNEE OR SUBSTITUTE FOR GE UNDER THE
SENIOR CREDIT AGREEMENT, OR ANY OTHER PARTY ENTERING INTO ANY OTHER CREDIT
AGREEMENT WITH THE COMPANY.

         Notwithstanding anything in this Note to the contrary, all indebtedness
evidenced by this Note shall be subordinate and junior to the Senior Debt. The
Company shall not make and the Holder shall not be permitted to ask, demand, sue
for or receive, by setoff, or otherwise, any payment hereunder; provided, that
so long as no Event of Default (as defined in the Senior Credit Agreement)
exists or would be caused thereby, the Company may pay and the Holder may
receive, regularly scheduled interest payments pursuant to this Note. After the
payment in full of all Senior Debt, the Holder shall be subrogated to the rights
of the holders of Senior Debt to receive payments or distributions of assets of
the Company payable or distributable to the holders of Senior Debt, until this
Note shall be paid in full, and as between the Company and the Holder, any such
payment by virtue of the subrogation herein provided for shall be deemed to be a
payment by the Company on account of this Note. No right of any present or
future holder of Senior Debt to enforce subordination as herein provided shall
at any time in any way be prejudiced or impaired by any act or failure to act on
the part of the Company, or by any act or failure to act in good faith by any
such holder, or by any noncompliance by the Company, with the terms, provisions
and covenants of any agreement relating to Senior Debt, regardless of any
knowledge thereof any such holder may have or be otherwise charged with.

         In the event of any distribution, division or application, partial or
complete, voluntary or involuntary, by operation of law or otherwise, of all or
any part of the assets of the Company or the proceeds thereof to the creditors
of the Company or readjustment of the obligations and indebtedness of the
Company, whether by reason of liquidation, bankruptcy, arrangement,
receivership, assignment for the benefit of creditors or any other action or
proceeding involving the readjustment of all or any part of the indebtedness
evidenced by this Note, or the application of the assets of the Company to the
payment or liquidation thereof, or upon the dissolution, liquidation, cessation
or other winding up of the Company's business, or upon the sale of all or
substantially all of the Company's assets, then, and in any such event (i) the
Lenders shall be entitled to receive payment in full of any and all of the
Senior Debt then owing prior to the payment of all or any part of the
indebtedness evidenced by this Note, and (ii) any payment or distribution of any
kind or character, whether in cash, securities or other property, which shall be
payable or deliverable upon or with respect to any or all of the indebtedness
evidenced by this Note shall be paid or delivered directly to Agent, for the
benefit of itself and the Lenders, for application on any of the Senior Debt,
due or not due, until such Senior Debt shall have first been fully paid and
satisfied. In order to enable Agent to enforce its rights hereunder in any of
the aforesaid actions or proceedings, Agent is hereby irrevocably authorized and
empowered, in its discretion, to make and present for and on behalf of the
Holder such proofs of claim against the Company on account of the indebtedness
evidenced by this Note as Agent may deem expedient or proper and to vote such
proofs of claim in any such proceeding and to receive and collect any and all
dividends or other payments or disbursements made thereon in whatever form the
same may be paid or issued and to apply the same on account of any of the Senior
Debt. the Holder irrevocably authorizes and empowers Agent, for the benefit of
itself and the Lenders, to demand, sue for, collect and receive each of the
aforesaid payments and distributions and give acquittance therefor and to file
claims and take such other actions, in Agent's own name or in the name of the

                                      A-4
<PAGE>

Holder or otherwise, as Agent may deem necessary or advisable for the
enforcement of this Note; and the Holder will execute and deliver to Agent, for
the benefit of itself and the Lenders, such powers of attorney, assignments and
other instruments or documents, including notes (together with such assignments
or endorsements as Agent shall deem necessary) as may be requested by Agent in
order to enable Agent to enforce any and all claims upon or with respect to any
or all of the indebtedness evidenced by this Note and to collect and receive any
and all payments and distributions which may be payable or deliverable at any
time upon or with respect to the indebtedness evidenced by this Note, all for
Agent's own benefit. Following payment in full of the Senior Debt, the Lenders
will remit to the Holder, to the extent of each of its interests therein, all
dividends or other payments or distributions paid to and held by it in excess of
the Senior Debt.

         Should any payment or distribution or security, or the proceeds of any
thereof, be collected or received by the Holder which is required to be paid to
Agent, for the benefit of itself and the Lenders, under the terms hereof, the
Holder will forthwith deliver the same to Agent, for the benefit of itself and
the Lenders, in precisely the form received (except for the endorsement without
recourse or the assignment without recourse of the Holder where necessary) and,
until so delivered, the same shall be held in trust by the Holder as the
property of the Agent, for the benefit of itself and the Lenders.

         The provisions of this Note are for the benefit of Agent and Lenders
and may be enforced directly by such entities against the Holder. The Holder
acknowledges and agrees, by acceptance hereof, that Agent and Lenders have
relied upon and will continue to rely upon the subordination provided for herein
in making the extensions of credit to the Company. The Holder hereby waives
notice of or proof of reliance hereon.

         The holders of Senior Debt may at any time and from time to time,
without the consent of or notice to the Holder, without incurring responsibility
to the Holder and without impairing or releasing the subordination provided
herein or the obligations hereunder of the Holder to such holders (i) change the
manner, place or terms of payment or extend the time of payment of, or renew or
alter, all or any of the Senior Debt, or otherwise amend or supplement in any
manner, or grant any waiver or release with respect to, Senior Debt or any
instrument evidencing the same (including, without limitation, the Senior Credit
Agreement), (ii) sell, exchange, release, not perfect or otherwise deal with any
property at any time pledged, assigned or mortgaged to secure or otherwise
securing, Senior Debt, or amend or grant any waiver or release with respect to,
or consent to any departure from any guarantee for all or any of the Senior
Debt, (iii) exercise or refrain from exercising any rights against the Company
and any other person, and (iv) apply any sums from time to time received to the
Senior Debt.

         The provisions of this Section shall remain in full force and effect
irrespective of (i) any lack of validity or enforceability of the Senior Credit
Agreement or Senior Debt, or (ii) any other circumstances that might otherwise
constitute a defense available to, or a discharge of Holder.

         The subordination provisions contained in this Section are solely for
the benefit of the holders of Senior Debt and may not be rescinded, canceled,
amended or modified in any way without the prior written consent thereto of such
holders.

                                      A-5
<PAGE>

         The provisions of this Section shall continue to be effective or be
reinstated, as the case may be, if at any time any payment of any of the Senior
Debt is rescinded or must otherwise be returned by any holder of Senior Debt
upon the insolvency, bankruptcy or reorganization of the Company or otherwise,
all as though such payment had not been made.

         11. Definitions. When used herein the following terms shall have the
following meanings:

         "Senior Debt" shall mean all amounts due and payable under the Senior
Credit Agreement and any guaranty thereof, whether outstanding as of the date of
this Note or incurred after this Note, including, without limitation, all
principal, interest, prepayment premiums, fees and expenses incurred under the
Senior Credit Agreement and any guaranty thereof. Without limiting the
foregoing, Senior Debt includes interest accruing after the commencement of
bankruptcy proceedings by or against The Company, regardless of whether allowed
by the court.

         "Senior Credit Agreement" shall mean the Credit Agreement dated as of
September 24, 1999, among Velocity Express, Inc. f/k/a UST Delivery Systems,
Inc., General Electric Capital Corporation, as a lender and as agent ("Agent")
for certain other lenders (collectively, the "Lenders"), and the other Credit
Parties signatory thereto, and all renewals, extensions, refinancings,
refundings, amendments and modification thereof.

                                      A-6
<PAGE>

         IN WITNESS WHEREOF, the Company has caused this Note to be executed on
its behalf by its duly authorized officer; on the day and year first above
written.

                                    UNITED SHIPPING & TECHNOLOGY, INC.

                                    By: ________________________________________
                                            Chief Executive Officer

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE "ACT"), OR UNDER APPLICABLE STATE SECURITIES LAWS. THIS NOTE HAS BEEN
ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE, SOLD, ASSIGNED,
TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND SUCH STATE LAWS OR PURSUANT
TO AN EXEMPTION FROM REGISTRATION UNDER THE ACT AND SUCH STATE LAWS, THE
AVAILABILITY OF WHICH IS TO BE ESTABLISHED TO THE SATISFACTION OF THE COMPANY
WHOSE AUTHORIZED OFFICER HAS SIGNED THIS NOTE ABOVE.

                                      A-7

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