Document:

Omnibus Amendment

 Exhibit 10.2.4 
 OMNIBUS AMENDMENT 
 WAIVER AND AMENDMENT NO. 3 TO THIRD AMENDED AND RESTATED 
 RECEIVABLES PURCHASE AGREEMENT AND AMENDMENT NO. 4 
 TO RECEIVABLES SALE AGREEMENT 
 THIS OMNIBUS AMENDMENT (this
“Amendment”) is entered into as of February 12, 2009 by and among: 
 (a) Yellow Roadway Receivables Funding
Corporation, a Delaware corporation (the “Seller” or “YRRFC”), 
 (b) YRC Worldwide Inc., a
Delaware corporation (the “Performance Guarantor”), 
 (c) JPMorgan Chase Bank, N.A., SunTrust Bank, Wachovia Bank,
National Association, and The Royal Bank of Scotland plc as successor to ABN AMRO Bank, N.V. (each of the foregoing a “Committed Purchaser”), 
 (d) Falcon Asset Securitization Company LLC, Three Pillars Funding LLC and Amsterdam Funding Corporation (each of the foregoing, a “Conduit”), 
 (e) YRC Assurance Co. Ltd., an exempted company incorporated with limited liability under the laws of Bermuda, individually and as agent for itself
(together with its successors and permitted assigns and in such latter capacity, a “Co-Agent”), 
 (f) Wachovia Bank,
National Association, as letter of credit issuer (the “LC Issuer”), 
 (g) SunTrust Robinson Humphrey, Inc., Wachovia
Bank, National Association, The Royal Bank of Scotland plc as successor to ABN AMRO Bank, N.V. and JPMorgan Chase Bank, N.A. (each of the foregoing, a “Co-Agent”), 
 (h) JPMorgan Chase Bank, N.A., as administrative agent for the Groups (together with its successors and permitted assigns and in such capacity, the
“Administrative Agent” and together with the Co-Agents, and their respective successors and permitted assigns, the “Agents”), and 
 (i) YRC Inc., a Delaware corporation formerly known as Yellow Roadway Corp. and successor by merger to Yellow Transportation, Inc. and Roadway Express,
Inc. (“YRC”), USF Reddaway, Inc., an Oregon corporation (“Reddaway”), and USF Holland, Inc., a Michigan corporation (together with YRC and Reddaway, the “Originators”),

 with respect to (i) that certain Third Amended and Restated Receivables Purchase Agreement, dated as of April 18, 2008, among the Seller, the
Committed Purchasers, the Conduits, LC Issuer and the Agents (as amended, restated, supplemented or otherwise modified from time to time, 

  

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the “RPA”), and (ii) that certain Amended and Restated Receivables Sale Agreement, dated as of May 24, 2005, by and between
the Originators, as sellers, and YRRFC, as purchaser (as amended, restated, supplemented or otherwise modified from time to time, the “RSA”). 
 FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Defined Terms. 
 (a) Capitalized
terms used herein and not otherwise defined shall have the meanings attributed to such terms in the RPA, or if not defined therein, the RSA. 
 (b) As used in this Amendment: 
 “Additional Representation Default” means any Default (as
defined in the YRCW Credit Agreement) or Event of Default (as defined in the YRCW Credit Agreement) which has arisen or may arise under clause (c) of Article VII of the YRCW Credit Agreement as a result of representations or
warranties made or deemed made by or on behalf of any Borrower (as defined in the YRCW Credit Agreement) or any Subsidiary (as defined in the YRCW Credit Agreement) in connection with any Loan Document (as defined in the YRCW Credit Agreement) or in
any report, certificate or other document furnished pursuant to or in connection with any Loan Document proving to have been incorrect in any material respect when made or deemed made solely as a result of the Lien Covenant Default. 
 “Lien Covenant Default” means any Default (as defined in the YRCW Credit Agreement) or Event of Default (as
defined in the YRCW Credit Agreement) arising under clause (d) of Article VII of the YRCW Credit Agreement as a result of the failure of the Loan Parties (as defined in the YRCW Credit Agreement) to comply with the negative
covenants set forth in Section 6.02 of the YRCW Credit Agreement by virtue of the Liens (as defined in the YRCW Credit Agreement) granted in respect of those certain secured intercompany notes identified on Schedule II hereto. 
 “Related Servicer Defaults” means any Servicer Default under Section 7.1(b) of the RPA that may have arisen
as a result of representations or warranties, made or deemed made by or on behalf of Seller in connection with the RPA or any Transaction Document or in any report, certificate or other document furnished pursuant to or in connection with the RPA or
any Transaction Document, proving to have been incorrect when made or deemed made or conditions to any Credit Event not being satisfied solely as a result of the existence of a “Default” or “Event of Default” pursuant to
Section 7.1(h) of the RPA arising from the Lien Covenant Default or the Additional Representation Default. 
  

 2 

 2. Waivers. Subject to the satisfaction or waiver of the conditions precedent set forth in
Section 6(a) below, the Required Co-Agents, on behalf of the Agents and the Purchasers, hereby waive the following: 
 (a) the
Specified Servicer Defaults (as defined in the Limited Waiver and Second Amendment to Third Amended and Restated Receivables Purchase Agreement dated as of January 15, 2009, among Seller, Performance Guarantor, the Committed Purchasers, the
Conduits and the Agents), and 
 (b) the Related Servicer Defaults arising prior to the date hereof. 
 3. Amendments to RPA. The RPA is hereby amended as follows: 
 (a) Section 11.14 of the RPA is hereby amended and restated in its entirety to read as follows: 
 “Section 11.14. Characterization. 
 (a) It is the intention of the parties hereto that each purchase of
a Purchaser Interest hereunder shall constitute an absolute and irrevocable sale for all purposes other than financial accounting purposes, which purchase shall provide the applicable Purchaser with the full benefits of ownership of the applicable
Receivable Interest. Except as specifically provided in this Agreement, each sale of a Purchaser Interest hereunder is made without recourse to the Seller; provided, however, that (i) the Seller shall be liable to each of the
Purchasers and the Agents for all representations, warranties and covenants made by the Seller pursuant to the terms of this Agreement, and (ii) such sale does not constitute and is not intended to result in an assumption by any Purchaser or
Agent or any assignee thereof of any obligation of the Seller or any Originator or any other person arising in connection with the Receivables, the Related Security, or the related Invoices, or any other obligations of the Seller or any Originator.

 (b) If, notwithstanding the intention of the parties expressed above, any sale or transfer by Seller hereunder shall be
characterized as a secured loan and not a sale or such sale shall for any reason be ineffective or unenforceable (any of the foregoing being a “Recharacterization”), then this Agreement shall be deemed to constitute a
security agreement under the UCC and other applicable law. In the case of any Recharacterization, the Seller represents and warrants that each remittance of Collections to any Agent or the Purchasers hereunder will have been (i) in payment of a
debt incurred in the ordinary course of business or financial affairs and (ii) made in the ordinary course of business or financial affairs.” 
 (b) The definitions of “Applicable Margin” and “Reserve Requirement” in Exhibit I to the RPA are deleted in their entirety. 
  

 3 

 (c) Exhibit I of the RPA is hereby amended by adding, in their appropriate alphabetical order, the
following definitions: 
 “Audit Reserve Percentage” means 5.00%. 
 “Base LIBOR Rate” means the rate per annum equal to (a) the rate at which deposits in U.S. Dollars are
offered by the Reference Bank to first-class banks in the London interbank market at approximately 11:00 a.m. (London time) two Business Days prior to the first day of the relevant Tranche Period, such deposits being in the approximate amount of the
Capital of the Purchaser Interest to be funded or maintained, multiplied by (b) the Statutory Reserve Rate (expressed as a decimal) applicable to such Tranche Period. 
 “Capital Expenditures” shall have the meaning specified in the YRCW Credit Agreement. 
 “Consolidated EBITDA” shall have the meaning specified in the YRCW Credit Agreement. 
 “Liquidity” means, as of any Business Day, the average of the Performance Guarantor’s Liquidity Amount as of
the end of business (US Central time) for the immediately preceding five (5) Business Days, which average shall be tested promptly in the morning on each Business Day; provided, however, that on and after any
Business Day on which Liquidity is less than $150,000,000, the Performance Guarantor shall thereafter provide such daily calculations via-email PDF to the Administrative Agent (“Email Reports”) no later than 5:00 p.m. (New
York City time) on each Business Day until Liquidity exceeds $150,000,000 for ten (10) consecutive Business Days at which point such Email Reports shall not be required until Liquidity subsequently drops below $150,000,000. 
 “Liquidity Amount” shall have the meaning specified in the YRCW Credit Agreement 
 “Liquidity Notification Date” means any date on which the Liquidity of the Performance Guarantor is less than
$100,000,000 (each such occurrence, a “Liquidity Deficiency”), whether or not the Performance Guarantor does in fact notify the Administrative Agent of such Liquidity Deficiency. 
 “Statutory Reserve Rate” shall have the meaning specified in the YRCW Credit Agreement. 
 (d) The definition in Exhibit I to the RPA of each of the terms specified below is hereby amended and restated in its entirety to read, respectively, as
follows: 
 “Aggregate Reserve Percentage” means on any date of determination, the sum of (a) the
Loss Reserve Percentage, plus (b) the Discount Reserve Percentage, plus (c) the Dilution Reserve Percentage, plus (d) the Servicer Fee Percentage, plus (e) from and after March 31, 2009, if the Administrative Agent 

  

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has not notified the other Agents and the Seller that (i) it has received a report regarding the audit of the Receivables in progress by FTI Consulting,
Inc. as of February 11, 2009, under Section 5.1(d) of this Agreement and (ii) all material issues of noncompliance of Receivables with this Agreement or the Credit and Collection Policy identified in such report have been resolved to
the Administrative Agent’s reasonable satisfaction, the Audit Reserve Percentage. 
 “Base Rate” means, with respect to each Group, a rate per annum equal to the highest of (i) the corporate base rate, prime rate or base rate of interest, as applicable, announced by such
Group’s Reference Bank from time to time, changing when and as such rate changes, (ii)  1/2 of 1% above the Federal
Funds Effective Rate, changing when and as such rate changes and (iii) the LIBOR Rate. 
 “Calculation
Period” means, for the purposes of any calculation defined herein which references a “Calculation Period,” (i) during an Asynchronous Accounting Period, (A) in the case of any amounts used in such calculation derived
from or associated with Receivables originated by YRC, the calendar month designated in the table below and (B) in the case of any amounts used in such calculation derived from or associated with Receivables originated by USF Reddaway Inc. or
USF Holland Inc., the accounting period designated in the table below, it being understood that “Calculation Period” is a collective term referring to both component periods as specified in (A) and (B) above and as
indicated in the table below, and the phrases “Calculation Period most recently ended” and “as of the last day of the Calculation Period most recently ended” refer collectively to both respective component periods or the last day
of both respective component periods (as the case may be) as specified in (A) and (B) above and as indicated in the table below, or (ii) at all other times, each calendar month: 
  

							
	 CALCULATION
 PERIOD
	  	 CALENDAR
 MONTH
	  	 ACCOUNTING
 PERIOD
	  	 CORRESPONDING
 DATES

	 2
	  	February 2009	  	4 weeks	  	2/1/09 - 2/28/09
	 3
	  	March 2009	  	5 weeks	  	3/1/09 - 4/4/09
	 4
	  	April 2009	  	4 weeks	  	4/5/09 - 5/2/09
	 5
	  	May 2009	  	4 weeks	  	5/3/09 - 5/30/09
	 6
	  	June 2009	  	5 weeks	  	5/31/09 - 7/4/09
	 7
	  	July 2009	  	4 weeks	  	7/5/09 - 8/1/09
	 8
	  	August 2009	  	4 weeks	  	8/2/09 - 8/29/09
	 9
	  	September 2009	  	5 weeks	  	8/30/09 - 10/3/09
	 10
	  	October 2009	  	4 weeks	  	10/4/09 - 10/31/09
	 11
	  	November 2009	  	4 weeks	  	11/1/09 - 11/28/09
	 12
	  	December 2009	  	5 weeks	  	11/29/09 - 12/31/09
	 1
	  	January 2010	  	4 weeks	  	1/1/10 - 1/30/10
	 2
	  	February 2010	  	4 weeks	  	1/31/10 - 2/27/10

  

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 “Concentration Limit” means: 
 (a) for any Obligor and its Affiliates considered as if they were one and the same Obligor, an amount equal to (i) 2.80%, multiplied
by (ii) the aggregate Outstanding Balance of all Eligible Receivables at such time; and 
 (b) at any time, for all
Government Receivables, 2.80% of the aggregate Outstanding Balance of all Eligible Receivables at such time; 
 provided,
however, that the Administrative Agent may from time to time designate other amounts (each, a “Special Concentration Limit”) for any Obligor or class of Receivables, it being understood and agreed that any of the
Agents may, upon not less than three Business Days’ notice to the Seller and the other Agents, cancel any Special Concentration Limit. 
 “Dilution Reserve Percentage” means, on any date of determination, the greater of (i) the Dilution Reserve Percentage Floor and (ii) the percentage determined pursuant to the
following formula: 
 {(2.50 x ED) + [(DS - ED) x (DS/ED) ]} x DHR 
 where: 
 ED        = the Expected Dilution on such date; 
 DS        = the Dilution Spike as of such date; and 
 DHR     = the Dilution Horizon Ratio on such date. 
 “Discount
Reserve” means, on any date of determination, the amount determined pursuant to the following formula: 
 { (D + F) + [ (C x 3 x
DR) x 3 x DSO ] } 
                                         
    360 
 where: 
 D = the accrued and unpaid Discount for all Receivable Interests of the Purchasers as of the date of determination; 
 F = the aggregate amount of accrued and unpaid Servicer Fees and other fees owing pursuant to the Fee Letters as of the date of determination; 

C = the aggregate Capital outstanding as of the date of determination; 
 DR = the highest Discount Rate applicable on the date of determination; and 
 DSO = the Days Outstanding.

  

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 “LC Sublimit” means the lesser of (a) $105,000,000
and (b) the aggregate Commitments. 
 “LIBOR Rate” means an interest rate per annum equal to the
sum of (a) the greater of (i) the Base LIBOR Rate and (ii) 3.50% multiplied by the Statutory Reserve Percentage, plus (b) 6.50%. The LIBOR Rate shall be rounded, if necessary, to the next higher 1/16 of 1%. 
 “LMIR” means, on any date of determination, a rate per annum equal to the sum of (a) the greater of
(i) the LIBOR Market Index Rate and (ii) 3.50% multiplied by the Statutory Reserve Percentage, plus (b) 6.50%. 
 “Loss Reserve Percentage” means, on any date of determination, the greater of (i) 14.0%, and (ii) the percentage equal to (a) 2.5 multiplied by (b) the highest of the past twelve rolling
3-Calculation Period average Default Ratios, multiplied by (c) a fraction having a numerator equal to the aggregate amount of Receivables generated during the preceding 4 Calculation Periods and denominator equal to the Net Receivables Balance
on the date of determination. 
 “Servicer Fee Reserve” means, on any date, an amount determined
pursuant to the following formula: 
 SFRP x NRB x 3 x DSO 
                         360 
 where: 
 SFRP = the Servicer Fee
Reserve Percentage as of the date of determination; 
 NRB = the Net Receivables Balance as of the opening of business of the Servicer on such
date; and 
 DSO = the Days Outstanding on such date of determination. 
 “Stated Liquidity Termination Date” means February 11, 2010. 
 “Trigger Event” means (a) the Required Co-Agents shall not have waived a Liquidity Deficiency within five
(5) Business Days of the Liquidity Notification Date, (b) the failure of the Performance Guarantor to maintain, as of the end of the accounting periods set forth below, Consolidated EBITDA in the minimum level set forth below next to such
accounting period (for each such period, “Minimum Consolidated EBITDA”); provided, however, that from and after the date of the consummation of the Permitted Disposition (as defined in the YRCW
Credit Agreement) the Minimum Consolidated EBITDA covenant levels in the table below shall be modified as set forth on Schedule I attached hereto for the fiscal quarter in which the Permitted Disposition is consummated and for each
fiscal quarter thereafter: 
  

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	 Period
	  	Minimum EBITDA
(pre-Permitted
Disposition)
	 For the fiscal quarter ending on June 30, 2009
	  	$	45,000,000
	 For the two consecutive fiscal quarters ending on September 30, 2009
	  	$	130,000,000
	 For the three consecutive fiscal quarters ending on December 31, 2009
	  	$	180,000,000
	 For the four consecutive fiscal quarters ending on March 31, 2010
	  	$	205,000,000
	 For the four consecutive fiscal quarters ending on June 30, 2010
	  	$	205,000,000
	 For the four consecutive fiscal quarters ending on September 30, 2010
	  	$	215,000,000
	 For the four consecutive fiscal quarters ending on December 31, 2010
	  	$	240,000,000

 or (c) as of the end of the accounting periods set forth below, Capital Expenditures shall
exceed the amount set forth below next to such accounting period: 
  

				
	 Period
	  	Maximum Capital
Expenditures
	 For the four consecutive fiscal quarters ending December 31, 2009
	  	$	150,000,000
	 For the four consecutive fiscal quarters ending December 31, 2010
	  	$	235,000,000

 4. Amendment to RSA. Section 1.6 of the RSA is hereby amended and restated in its
entirety to read as follows: 
 “Section 1.6. Characterization. If, notwithstanding the intention of the parties
expressed in Section 1.1(b), the conveyance by each Originator to the Buyer of Receivables hereunder shall be characterized as a secured loan and not a sale (the foregoing being a “Recharacterization”), this Agreement
shall constitute a security agreement under the UCC and other applicable law. For this purpose, each Originator hereby grants to the Buyer a duly perfected security interest in all of such Originator’s right, title and interest in, to and under
the Receivables, the Collections, each Collection Account, all Related Security, all payments on or with respect to such Receivables, all other rights relating to any payments made in respect of the Receivables, and all proceeds of any thereof, in
each case, whether now owned or existing or hereafter acquired or arising, which security interest 

  

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shall be prior to all other liens on and security interests therein. After an Event of Default, the Buyer and its assignees shall have, in addition to the
rights and remedies which they may have under this Agreement, all other rights and remedies provided to a secured creditor after default under the UCC and other applicable law, which rights and remedies shall be cumulative. In the case of any
Recharacterization, each of the Originators and the Buyer represents and warrants as to itself that each remittance of Collections by any Originator to the Buyer hereunder will have been (i) in payment of a debt incurred by such Originator in
its ordinary course of business or financial affairs of such Originator and the Buyer and (ii) made in the ordinary course of business or financial affairs of such Originator and the Buyer.” 
 5. Representations and Warranties. In order to induce the other parties to enter into this Amendment, (a) the Seller hereby represents and
warrants to the Agents, the LC Issuer and the Purchasers that after giving effect to the amendments contained in Section 2 above, (i) no Servicer Default or Potential Servicer Default exists and is continuing as of the Effective Date (as
defined herein), (ii) the RPA, as amended hereby, constitutes the legal, valid and binding obligation of the Seller enforceable against it in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy,
insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding of equity or at law) and (iii) excluding
Section 3.1(k) of the RPA solely insofar as it relates to the absence of a Material Adverse Effect of the type described in clause (i) of the definition of such term (as to which no representation or warranty is made hereby), each of the
Seller’s representations and warranties contained in the RPA is correct as of the Effective Date, (b) each of the Originators hereby represents and warrants to the Seller, the Agents, the LC Issuer and the Purchasers that after giving
effect to the amendments contained in Section 3 above, (i) no event has occurred and is continuing that will constitute an Event of Default or Potential Event of Default, (ii) the RSA, as amended hereby, constitutes the legal, valid
and binding obligation of each Originator enforceable against it in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting
creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding of equity or at law) and (iii) excluding Section 2.1(j) of the RSA solely insofar as it relates to the
absence of a Material Adverse Effect of the type described in clause (i) of the definition of such term (as to which no representation or warranty is made hereby) each of the Originator’s representations and warranties contained in the RSA
is true and correct as of the Effective Date, and (c) the Performance Guarantor hereby consents to the amendment herein contained and ratifies and confirms the Performance Undertaking remains in full force and effect. 
 6. Effective Date; Withdrawal of YRC Assurance. 
 (a) This Amendment shall become effective (the “Effective Date”) when each of the following conditions precedent has been satisfied or waived: (i) receipt by the Administrative Agent of
counterparts of this Amendment, in form and substance acceptable to the Administrative Agent, duly executed by the Seller, the Performance Guarantor, the Originators and the Required Co-Agents; (ii) receipt by the Administrative Agent of
counterparts 

  

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of the Third Amended and Restated Co-Agents’ Fee Letter, in form and substance acceptable to the Administrative Agent, duly executed by the Co-Agents
and YRRFC; (iii) receipt by the Agents of their applicable fees pursuant to the Third Amended and Restated Co-Agents’ Fee Letter or otherwise; (iv) receipt by the Administrative Agent of counterparts to the Waiver and Amendment
No. 2 to Credit Agreement dated as of the date hereof, duly executed by the Performance Guarantor, certain of its Canadian and United Kingdom Affiliates, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto;
(v) receipt by the Agents not later than 3:00 p.m. (New York time) of (x) a Purchase Notice with respect to the purchase of Purchaser Interests under Section 5(b)(i) below, which notice shall be deemed sufficient for purposes of
Section 1.2 of the RPA and (y) a Reduction Notice with respect to the repayment in full of all Aggregate Unpaids owing to YRC Assurance under Section 5(b)(ii) below, which notice shall be deemed sufficient for the purposes of
Section 1.6 of the RPA even though YRC Assurance will be the only Purchaser participating therein; and (vi) the Seller shall have paid the reasonable legal fees and disbursements of the Administrative Agent’s counsel,
Latham & Watkins LLP, invoiced on or prior to February 10, 2009. 
 (b) Anything contained in the RPA to the contrary
notwithstanding: 
 (i) One Business Day after the Effective Date (the “Funding Date”), in consideration of the
payment to YRC Assurance of $158,991,615.35 in immediately available funds (which payment will be made with available funds including those received from (A) the Seller (as a result of the changes in various reserves effected hereby which
changes reduced the total amount of Capital otherwise available from the Bank Groups for purchase of YRC Assurance’s interests in Aggregate Capital), and (B) the Bank Groups as contemplated in clause 5(b)(ii) below), YRC Assurance shall
absolutely and unconditionally sell, assign and convey to the Seller, and the Seller shall (on the Funding Date) absolutely and unconditionally agree to purchase and accept, all of YRC Assurance’s right, title and interest in, to and under the
Purchaser Interests in a transaction intended to constitute true sale and absolute purchase thereof, and upon receipt by YRC Assurance of such payment, YRC Assurance shall be deemed to have effected such sale, assignment and conveyance to Seller,
and Seller shall be deemed to have effected such purchase and accepted such Purchaser Interests; 
 (ii) On the Funding Date, immediately
after acquiring such Purchaser Interests from YRC Assurance, the Seller hereby notifies the Agents that it shall sell such Purchaser Interests to the Bank Groups pursuant to the RPA ratably in accordance with their respective Percentages, and the
Bank Groups are hereby authorized and directed to, and shall, purchase such Purchaser Interests (determined on a pro-forma basis after giving effect to the purchase from YRC Assurance by Seller of YRC Assurance’s Purchaser Interest described in
clause 5(b)(i) above) and pay their respective Percentages of the Purchase Price, adjusted for the contribution of funds from the Seller as contemplated in clause 5(b)(i) above, directly to Seller’s account no. 5566681 at JPMorgan Chase Bank,
N.A., Mail Code IL 1-0196, Floor 18, 300 S. Riverside Plaza, Chicago, IL 60606, 312-954-3722, Attn: Kim Gilchrist, ABA No.: 021000021; and 
 (iii) From and after payment in accordance with the preceding clauses 5(b)(i) and 5(b)(ii), (a) YRC Assurance shall (1) no longer be a Purchaser or a Co-Agent party to the RPA or any of the other Transaction Documents,
(2) have no further rights to purchase any 

  

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Purchaser Interests or any further claim to or security interest in the Receivables, the Collections or the Related Security, (3) be released from any
further claims, liabilities or obligations under the RPA, and (4) have no further rights or claims against the Seller under any of the Transaction Documents, and (b) as provided in the RPA, the Purchaser Interests shall not exceed 100%.

 7. Ratification. Except as modified hereby, the RPA and the RSA are hereby ratified, approved and confirmed in all respects.

 8. Reference to Agreement. From and after the Effective Date, each reference in the RPA and the RSA to “this Agreement”,
“hereof”, or “hereunder” or words of like import, and all references to the RPA and the RSA in any and all agreements, instruments, documents, notes, certificates and other writings of every kind and nature shall be deemed to
mean, respectively, the RPA and the RSA, as applicable, as modified by this Amendment. 
 9. Costs and Expenses. The Seller agrees to
pay all reasonable costs, fees, and out-of-pocket expenses (including reasonable attorneys’ fees and disbursements) incurred by the Agents in connection with the preparation, execution and enforcement of this Waiver and Amendment. 

10. CHOICE OF LAW. THIS AMENDMENT SHALL BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS
LAW) WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES. 
 11. Execution in Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart
via facsimile or other electronic transmission shall be deemed delivery of an original counterpart. 
 <Signature pages follow> 

  

 11 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and
delivered by their duly authorized officers as of the date hereof. 
  

			
	 YELLOW ROADWAY RECEIVABLES
 FUNDING
CORPORATION

		
	 By:
	 	 /s/ Christina E. Wise

	 Name:
	 	Christina E. Wise
	 Title:
	 	President and Chief Executive Officer
	
	YRC WORLDWIDE INC., as Performance Guarantor
		
	 By:
	 	 /s/ Timothy A. Wicks

	 Name:
	 	Timothy A. Wicks
	 Title:
	 	Executive Vice President and Chief Financial Officer
	
	YRC INC.
		
	 By:
	 	 /s/ Phil J. Gaines

	 Name:
	 	Phil J. Gaines
	 Title:
	 	Senior Vice President and Chief Financial Officer
	
	USF REDDAWAY, INC.
		
	 By:
	 	 /s/ Thomas S. Palmer

	 Name:
	 	Thomas S. Palmer
	 Title:
	 	Vice President - Finance and Chief Financial Officer
	
	USF HOLLAND, INC.
		
	 By:
	 	 /s/ Daniel L. Olivier

	 Name:
	 	Daniel L. Olivier
	 Title:
	 	Vice President - Finance

			
	SUNTRUST ROBINSON HUMPHREY, INC.,
	as Three Pillars Agent
		
	By:	 	 /s/ Kecia P. Howson

	Name:	 	Kecia P. Howson
	Title:	 	Director
	
	 JPMORGAN CHASE BANK, N.A.,
 as Falcon
Agent and as Administrative Agent

		
	By:	 	 /s/ John M. Kuhns

	Name:	 	John M. Kuhns
	Title:	 	Executive Director
	
	 WACHOVIA BANK, NATIONAL ASSOCIATION,
 as LC Issuer and as Wachovia Agent

		
	By:	 	 /s/ Elizabeth R. Wagner

	Name:	 	Elizabeth R. Wagner
	Title:	 	Managing Director
	
	 THE ROYAL BANK OF SCOTLAND PLC,
 as
Amsterdam Agent

		
	By:	 	GREENWICH CAPITAL MARKETS, INC.,
		 	as its agent
		
	By:	 	 /s/ Michael Zappaterrini

	Name:	 	Michael Zappaterrini
	Title:	 	Managing Director

 WAIVER AND AMENDMENT NO. 4 TO THIRD AMENDED AND RESTATED 
 RECEIVABLES PURCHASE AGREEMENT 
 THIS WAIVER AND AMENDMENT (this “Amendment”) is entered into as of February 27, 2009 by and among: 
 (a) Yellow Roadway Receivables Funding Corporation, a Delaware corporation (the “Seller” or “YRRFC”), 
 (b) YRC Worldwide Inc., a Delaware corporation (the “Performance Guarantor”), 
 (c) JPMorgan Chase Bank, N.A., SunTrust Bank, Wachovia Bank, National Association, and The Royal Bank of Scotland plc as successor to ABN AMRO Bank N.V.
(each of the foregoing a “Committed Purchaser”), 
 (d) Falcon Asset Securitization Company LLC, Three Pillars
Funding LLC and Amsterdam Funding Corporation (each of the foregoing, a “Conduit”), 
 (e) Wachovia Bank, National
Association, as letter of credit issuer (the “LC Issuer”), 
 (f) SunTrust Robinson Humphrey, Inc., Wachovia Bank,
National Association, The Royal Bank of Scotland plc as successor to ABN AMRO Bank N.V. and JPMorgan Chase Bank, N.A. (each of the foregoing, a “Co-Agent”), and 
 (g) JPMorgan Chase Bank, N.A., as administrative agent for the Groups (together with its successors and permitted assigns and in such capacity, the
“Administrative Agent” and together with the Co-Agents, and their respective successors and permitted assigns, the “Agents”), 
 with respect to that certain Third Amended and Restated Receivables Purchase Agreement, dated as of April 18, 2008, among the Seller, the Committed Purchasers, the Conduits, LC Issuer and the Agents (as amended,
restated, supplemented or otherwise modified from time to time, the “RPA”). 
 FOR GOOD AND VALUABLE
CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Defined
Terms. 
 (a) Capitalized terms used herein and not otherwise defined shall have the meanings attributed to such terms in the RPA.

 (b) As used in this Amendment: 
 “Additional Representation Default” means any Default (as defined in the YRCW Credit Agreement) or Event of Default (as defined in the YRCW 

  

 1 

 
Credit Agreement) which has arisen or may arise under clause (c) of Article VII of the YRCW Credit Agreement as a result of
representations or warranties made or deemed made by or on behalf of any Borrower (as defined in the YRCW Credit Agreement) or any Subsidiary (as defined in the YRCW Credit Agreement) in connection with any Loan Document (as defined in the YRCW
Credit Agreement) or in any report, certificate or other document furnished pursuant to or in connection with any Loan Document proving to have been incorrect in any material respect when made or deemed made solely as a result of the Mortgage
Covenant Default. 
 “Mortgage Covenant Default” means any Default (as defined in the YRCW Credit
Agreement) or Event of Default (as defined in the YRCW Credit Agreement) arising under clause (d) of Article VII of the YRCW Credit Agreement as a result of the failure of the Loan Parties (as defined in the YRCW Credit Agreement)
to comply with the affirmative covenants set forth in Section 5.10 of the YRCW Credit Agreement by virtue of the failure to grant Liens (as defined in the YRCW Credit Agreement) in favor of or for the benefit of the administrative agent under
the YRCW Credit Agreement in respect of real property identified on Annex B to the Consent, Waiver and Amendment No. 3, dated as of the date hereof, to the YRCW Credit Agreement. 
 “Related Servicer Defaults” means any Servicer Default under Section 7.1(b) of the RPA that may have arisen
as a result of representations or warranties, made or deemed made by or on behalf of Seller in connection with the RPA or any Transaction Document or in any report, certificate or other document furnished pursuant to or in connection with the RPA or
any Transaction Document, proving to have been incorrect when made or deemed made or conditions to any Credit Event not being satisfied solely as a result of the existence of a “Default” or “Event of Default” pursuant to
Section 7.1(h) of the RPA arising from the Mortgage Covenant Default or the Additional Representation Default. 
 2. Waivers.
Subject to the satisfaction or waiver of the conditions precedent set forth in Section 5 below, the Required Co-Agents, on behalf of the Agents and the Purchasers, hereby waive the Related Servicer Defaults arising prior to the date hereof.

 3. Amendments. 
 (a)
Section 7.1(d) of the RPA is hereby amended and restated in its entirety to read as follows: 
 (d) As at the end of any Calculation
Period: 
 (i) the average of the Delinquency Ratios for each of the three consecutive Calculation Periods then most recently
ended shall exceed (A) 3.50% at any time between February 27, 2009, and September 30, 2009, or (B) 2.50% at any other time; 
 (ii) the average of the Dilution Ratios for each of the three consecutive Calculation Periods then most recently ended shall exceed (A) 14.00% at any time between February 27, 2009, and September 30,
2009, or (B) 9.50% at any other time; or 
  

 2 

 (iii) the average of the Default Ratios for each of the three consecutive Calculation
Periods then most recently ended shall exceed (A) 3.50% at any time between February 27, 2009, and September 30, 2009, or (B) 2.25% at any other time. 
 (b) Section 11.1(b) of the RPA is hereby amended by replacing the period at the end of subsection (iii) thereof with “; or” and
adding a new subsection (iv) thereto to read as set forth below: 
 (iv) without the written consent of (A) on any
date of determination prior to the Amortization Date, the Co-Agents of the Bank Groups whose Group Commitments represent more than 66.667% of the Aggregate Commitments, and (B) on any date of determination on or after the Amortization Date, the
Co-Agents of the Bank Groups whose Groups’ respective Capital then outstanding represent more than 66.667% of the aggregate Capital then outstanding from all Bank Groups, amend, modify or waive any provision of Section 7.1.

 4. Representations and Warranties. In order to induce the other parties to enter into this Amendment, (a) the Seller hereby
represents and warrants to the Agents, the LC Issuer and the Purchasers that after giving effect to the amendment contained in Section 3 above, (i) no Servicer Default or Potential Servicer Default exists and is continuing as of the
Effective Date (as defined herein), (ii) the RPA, as amended hereby, constitutes the legal, valid and binding obligation of the Seller enforceable against it in accordance with its terms, except as such enforcement may be limited by applicable
bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law) and
(iii) excluding Section 3.1(k) of the RPA solely insofar as it relates to the absence of a Material Adverse Effect of the type described in clause (i) of the definition of such term (as to which no representation or warranty is made
hereby), each of the Seller’s representations and warranties contained in the RPA is correct as of the Effective Date, and (b) the Performance Guarantor hereby consents to the amendment herein contained and ratifies and confirms that the
Performance Undertaking remains in full force and effect. 
 5. Effective Date. This Amendment shall become effective (the
“Effective Date”) when each of the following conditions precedent has been satisfied or waived: (i) receipt by the Administrative Agent of counterparts of this Amendment, in form and substance acceptable to the
Administrative Agent, duly executed by the Seller, the Performance Guarantor and the Required Co-Agents; (ii) receipt by the Administrative Agent of counterparts to the Consent, Waiver and Amendment No. 3 to Credit Agreement dated as of
the date hereof, duly executed by the Performance Guarantor, certain of its Canadian and United Kingdom Affiliates, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto; (iii) the Seller shall have paid the
reasonable legal fees and disbursements of the Administrative Agent’s counsel, Latham & Watkins LLP, invoiced on or prior to the date hereof; (iv) receipt by the Administrative Agent of counterparts of a Waiver and Amendment Fee
Letter dated as of the 

  

 3 

 
date hereof (the “Waiver and Amendment Fee Letter”) duly executed by YRRFC and each of the Co-Agents that is executing a counterpart
of this Amendment; and (v) receipt by the applicable Co-Agents of their waiver and amendment fees pursuant to the Waiver and Amendment Fee Letter. 
 6. Ratification. Except as modified hereby, the RPA is hereby ratified, approved and confirmed in all respects. 
 7. Reference to Agreement. From and after the Effective Date, each reference in the RPA to “this Agreement”, “hereof”, or “hereunder” or words of like import, and all references to
the RPA in any and all agreements, instruments, documents, notes, certificates and other writings of every kind and nature shall be deemed to mean the RPA, as modified by this Amendment. 
 8. Costs and Expenses. The Seller agrees to pay all reasonable costs, fees, and out-of-pocket expenses (including reasonable attorneys’ fees
and disbursements) incurred by the Agents in connection with the preparation, execution and enforcement of this Amendment. 
 9. CHOICE OF
LAW. THIS AMENDMENT SHALL BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW) WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES. 
 10. Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart via facsimile or other electronic transmission shall be
deemed delivery of an original counterpart. 
 <Signature pages follow> 
  

 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and
delivered by their duly authorized officers as of the date hereof. 
  

			
	YELLOW ROADWAY RECEIVABLES FUNDING CORPORATION
		
	By:	 	 /s/ Christina E. Wise

	Name:	 	Christina E. Wise
	Title:	 	President and Chief Executive Officer
	
	YRC WORLDWIDE INC., as Performance Guarantor
		
	By:	 	 /s/ Christina E. Wise

	Name:	 	Christina E. Wise
	Title:	 	Vice President and Treasurer
	
	SUNTRUST ROBINSON HUMPHREY, INC., as Three Pillars Agent
		
	By:	 	 /s/ Kecia P. Howson

	Name:	 	Kecia P. Howson
	Title:	 	Director
	
	JPMORGAN CHASE BANK, N.A., as Falcon Agent and as Administrative Agent
		
	By:	 	 /s/ John M. Kuhns

	Name:	 	John M. Kuhns
	Title:	 	Executive Director
	
	WACHOVIA BANK, NATIONAL ASSOCIATION, as LC Issuer and as Wachovia Agent
		
	By:	 	 /s/ Elizabeth R. Wagner

	Name:	 	Elizabeth R. Wagner
	Title:	 	Managing Director

  

 5 

			
	THE ROYAL BANK OF SCOTLAND PLC, as Amsterdam Agent
		
	By:	 	GREENWICH CAPITAL MARKETS, INC., as its agent
		
	By:	 	 /s/ David Viney

	Name:	 	David Viney
	Title:	 	Managing Director

  

 6Memorandum of Understanding on the Wage Reduction - Job Security Plan

 Exhibit 10.3.2 
 MEMORANDUM OF UNDERSTANDING ON THE 
 WAGE REDUCTION—JOB SECURITY PLAN 
 YRC Inc. (successor to and currently doing business as Yellow Transportation and Roadway), USF Holland, Inc. and New Penn Motor Express, Inc. (each “the
Employer”), by and through their multi-employer bargaining representative, Trucking Management, Inc. (“TMI”), and the Teamsters National Freight Industry Negotiating Committee (“TNFINC”) of the International Brotherhood of
Teamsters (the “IBT” or the “Union”) hereby establishes The Wage Reduction—Job Security Plan (hereinafter the “Plan”) for the benefit of all of their employees. This Plan has been developed for the express purpose
of allowing the Employer the ability to compete and provide job security for Teamster bargaining unit employees. This Plan is not, and is not intended to be, a plan governed by the Employee Retirement Income Security Act of 1974, as amended; rather,
this Plan is an amendment to the NMFA per Section 4 that has been referred to as a Plan by the parties. 
 1. Employee Eligibility.
During the period in which the Plan is effective (as set forth in Section 4 below), each IBT bargaining unit, full time employee of the Employer shall participate in the Plan. For purposes of the Plan, unless expressly stated to the
contrary, the term “employee” means an IBT bargaining unit employee who is on the seniority list and is scheduled to perform work for the Employer when called, including a probationary employee, a regular employee on lay off status and
casuals, and including employees who work on a percentage basis less than 40 hours per week. 
 2. Wage Reduction. Effective
January 1, 2009, the Employer shall reduce by 10% employees’ gross wages or earnings paid, including the increases to wages described below in this Section 2 and the reduced wages in Section 8 below. Such wage reduction and/or
reduced earnings shall include overtime and any premium pay, vacation, sick pay, holiday pay, funeral leave, jury duty, and other paid for time not worked. Wage and mileage rate increases outlined in Article 33 of the NMFA, effective April 1,
2009, April 1, 2010, April 1, 2011, and April 1, 2012 shall also be reduced by 10%. On March 31, 2013, the wage reduction contained in this Plan shall be eliminated, and the wages under the NMFA shall revert to the full rate
which would be in effect under the NMFA on March 31, 2013 without the wage reduction. The cost of living adjustment provisions of Article 33 of the NMFA shall be suspended for the duration of the NMFA. 
 3. Equal Sacrifice of Non-Bargaining Unit Employees and their Participation. 
 (a) All non-bargaining unit employees (including management) will participate equally in the Plan, and the Employer will share the burden of sacrifices
among all IBT bargaining unit and non-bargaining unit employees (including management), in each case, as described in this Section 3(a). The Employer must reduce the total compensation (defined as wages plus health and welfare and pension or
retirement benefits) of all non-bargaining unit employees (including management) by the same percentage reduction (an “Equal Reduction”) in total compensation as is being applied to IBT bargaining unit employees. In determining the Equal
Reduction for non-bargaining unit employees under this Plan, the Employer may include the monetary value of the following concessions imposed on non-bargaining unit employees in 2008: termination of retiree medical, 

  

 - 1 - 

 
suspension of the defined contribution pension plan, freezing of the defined benefit pension plan, increase in the cost of health care, and the elimination
of wage increases for 2009. Effective January 1, 2009, additional wage and benefit concessions must be imposed on non-bargaining unit employees to the extent needed to create an Equal Reduction. The Employer agrees not to increase wages
(including bonuses) and benefits of current non-bargaining unit employees (including management) as an overall percentage beyond the effective overall total compensation percentage increases to be received by the bargaining unit employees. This
shall not prevent the Employer from paying variable, performance based compensation as the Employer has paid in past practice. In the event it becomes necessary to exceed this overall percentage increase limit in order to retain employees for the
efficient continued operation of the business, the Employer would request approval from the Subcommittee established in Section 11 below. 
 (b) The Employer and TNFINC agree to use their reasonable best efforts to achieve equal sacrifice in the total compensation of employees covered by non-Teamster and non-NMFA collective bargaining agreements. 
 4. Effective Dates; Relation to Collective Bargaining Agreement. This Plan will be mandatory for all employees, since job security is the number
one asset the Employer, the Union and the employees all hope to share equally. This Plan will be submitted for secret ballot vote of all bargaining unit employees, and shall be put into effect if 50% plus one (1) of the bargaining unit
employees voting, vote to adopt the Plan. The Plan will be effective on the first day of the first payroll period commencing after the date of ratification of the Plan (the “Effective Date”). This Plan terminates on March 31, 2013.
This Plan is incorporated by reference into and shall be a part of the 2008-2013 National Master Freight Agreement and its Supplements (collectively referred to as “the NMFA”). If this Plan is not ratified by those employees of YRC Inc.
and USF Holland Inc. that are covered by the NMFA by January 1, 2009, Employer may terminate this Plan and the warrants in Section 9 shall terminate and be forfeited. 
 5. Health, Welfare and Pension Contributions. The Employer agrees to continue to pay the full Health, Welfare and Pension contributions and
increases in said contributions set forth in the NMFA and other Teamster bargaining agreements that accept the terms of this Plan and will continue for the life of this Plan to be signatory to such bargaining agreements. 
 6. Dispute Settlement. Disputes pertaining to the Plan are subject to the grievance procedure contained in the NMFA. However, any grievance
filed hereunder, by either party, shall be referred initially to the Subcommittee established in Section 11 for disposition. If the Subcommittee fails to reach agreement, the matter will be referred to the Chairman of TNFINC and the President
of the Employer in accordance with Article 8, Section 2(b)(2) of the NMFA. If the Chairman of TNFINC and the President of the Employer are unable to resolve the matter, the 30 additional days provided in Article 8, Section 2(b)(2) of the
NMFA shall be considered as exhausted and the remaining provisions of Article 8, Section 2 shall govern. 
 7. Participation.
An employee begins or continues participation in the Plan on the date of Plan implementation or the first day of the pay period following his/her 

  

 - 2 - 

 
first day of regular and/or probationary employment. 
 8. New Hire.  
  

	A.	Non-CDL Qualified Employees 

 Non-CDL
qualified employees (excluding mechanics) hired after the effective date of the Plan begin participation in the Plan on their first day of employment at the following wage progression: 
  

			
	 Time of Service
	  	 Maximum Wage Reduction
 from New Hire
Rate
 Prior to Reduction in Section 2 Above

		
	Effective First Day of Employment	  	Receive 70% of NMF A Wages
		
	Effective First Day plus One (1) Year	  	Receive 75% of NMF A Wages
		
	Effective First Day plus Two (2) Years	  	Receive 80% of NMFA Wages
		
	Effective First Day plus Three (3) Years	  	Receive 100 % of NMFA Wages

 “NMFA Wages” means 100% of the full NMFA rate for the applicable job classification
after the agreed upon wage reduction. 
  

	B.	CDL Qualified or Mechanics 

 CDL qualified
employees and mechanics hired after the effective date of the Plan begin participation in the Plan on their first day of employment at the following wage progression: 
  

			
	 Time of Service
	  	 Maximum Wage Reduction
 from New Hire Rate
 Prior to Reduction in Section 2 Above

		
	Effective First Day of Employment	  	Receive 85% of NMFA Wages
		
	Effective First Day plus One (1) Year	  	Receive 90% of NMFA Wages
		
	Effective First Day plus Two (2) Years	  	Receive 95% of NMFA Wages
		
	Effective First Day plus Three (3) Years	  	Receive 100 % of NMFA Wages

 “NMFA Wages” means 100% of the full NMFA rate for the applicable job classification after the agreed
upon wage reduction. 
 9. Warrants. Upon the Effective Date, warrants to purchase common stock of YRC Worldwide Inc.
(“YRCW”) shall be issued to a trust or plan, the terms of which shall be agreed among the parties, for the benefit of employees (excluding casuals) sufficient to provide IBT-represented employees of the Employer who are participants in

  

 - 3 - 

 
the Plan with 15% of the equity of YRCW as of the issuance date. The warrants shall contain customary anti-dilution terms, registration rights and other
terms to be agreed among the parties and shall be exercisable on January 1, 2010. The warrants shall expire on March 31, 2018. The warrants shall have an exercise price per share equal to the reporting closing price per share of YRCW
common stock on the Effective Date. The parties shall work in good faith to establish a structure for a plan or trust to deliver the value of the warrants to the employees. It is the intent of the parties to optimize the tax structure such that the
Employer receives a tax deduction of the warrant/share compensation paid to employees under this Section 9 and the IBT has adequate oversight over the trust or plan. The trust or plan shall not transfer the warrants but may transfer the shares
received upon exercise of the warrants. Employees shall receive the benefit of the shares received upon exercise of the warrants on a reasonable pro rata basis to be agreed upon by the parties. For any employee who resigns, retires, dies or
otherwise incurs a termination of employment, whether voluntary or involuntary, the employee (or his or her estate as applicable) shall continue to participate in the warrant trust or plan on the basis of the employee’s savings contributions
made through termination. If the Employer voluntarily terminates operations before the expiration of the current NMFA, the participating employees will continue to participate in the warrant trust or plan. If there is a change of control of YRC
Worldwide Inc., the warrants shall accelerate their vesting and the Employees shall continue their participation in the warrant trust or plan. 
 10. Access to Employer Financial Records. The Employer shall submit an annual financial statement in the format of the BTS report to the Subcommittee established by Section 11, and TNFINC reserves the right on an annual basis to
examine records of the Employer reasonably required to monitor Employer compliance with this Plan or utilize an independent auditor of its choice to do the same. Notwithstanding any request to the contrary, given applicable privacy laws and policies
and for the protection of its bargaining and non-bargaining unit employees alike, the Employer will not share employee specific compensation information with the Subcommittee, TNFINC, the Union or any auditor other than the compensation information
that Employer is required to publicly provide pursuant to Securities and Exchange Commission regulation. In the event an independent auditing firm is utilized by TNFINC, the Employer shall pay such independent auditor for such annual audit up to a
maximum of ten thousand dollars ($10,000). As a condition of being provided such statements, books and audit, TNFINC and the Subcommittee (and any accountant or auditor engaged on its behalf) must agree to maintain the confidentiality of any
Employer financial statements and reports for the protection of the Employer, and to execute a reasonable confidentiality agreement if requested by the Employer in such form as the Employer may reasonably require. 
 11. Subcommittee to Monitor and Maintain Compliance. For purposes of monitoring and maintaining compliance with the terms of this Plan, the
parties will establish a four person Subcommittee consisting of the Chairman of TNFINC or his designee, the Co-Chairman of TNFINC or his designee, the Employer’s President or his designee and another officer of Employer or his designee. The
Subcommittee shall meet quarterly, or more frequently if necessary, to exchange and discuss pertinent data, including but not limited to relevant payroll and related information, the reinvestment of capital into the Employer, and any and all
subjects related to the financial operations of the Employer. The Subcommittee’s decision regarding the interpretation of this Plan 

  

 - 4 - 

 
shall be final and binding. 
 12. Work
Preservation. The Employer agrees not to establish or buy any new non-union regular route common carrier freight LTL entity without the prior approval of the Union. The Employer agrees that it will not use any of the savings and other economic
benefits derived from this Plan to provide capital to its parent for the purposes of significantly expanding the domestic and Canadian operations of YRC Logistics or any operations of the company that are not located in the U.S. or Canada. This
Section 12 does not apply to the maintenance of existing operations or any existing contractual commitments. 
 13. Termination.
The Employer agrees not to terminate the Plan before the termination date without approval of the Union. However, if the Plan is terminated with approval of the Union at any time, wage levels will revert or snap back to the full NMFA on a
prospective basis, the warrants issued pursuant to Section 9 shall terminate and be forfeited and all other provisions of this Plan shall be null and void on a prospective basis, including (without limitation) Section 3. 
 14. Bankruptcy Protection. If the Employer files a Chapter 7 or 11 bankruptcy petition or is placed in involuntary bankruptcy proceeding, this
Plan is automatically terminated and wages reverted to full NMFA on a prospective basis, unless the Union agrees in writing to continue the Plan, the warrants issued pursuant to Section 9 shall terminate and be forfeited and all other
provisions of this Plan shall be null and void on a prospective basis, including (without limitation) Section 3. 
 15. Type of
Agreement. This Plan shall be applicable to the NMFA and its supplements, which have been agreed to by the Employer and TNFINC. 
 16.
Fees and Expenses. The Employer shall bear all fees, costs, and expenses of the IBT (including, without limitation, fees, costs and expenses of financial advisors or other representatives) incurred in connection with the negotiation of this
Plan in an amount agreed to among the parties. 
 17. Card Check and Neutrality. Solely as to new non-union regular route common
carrier freight LTL entities that Employer, its parent or holding company or subsidiaries of the Employer buy or establish on or after the date hereof, the parties to this Plan agree that, as soon as a Teamster Local Union, shows the new entity
authorization cards signed by the majority of employees in the bargaining unit, the Local Union will be recognized as the exclusive bargaining representative for those employees. The Employer or its affiliated companies will remain neutral if the
Local Union seeks to represent unrepresented employees for such a new entity. Neutrality means that the new entity will not make statements or take other actions opposing or advocating unionization. The new entity shall not demean the Union as an
organization or its representatives as individuals. The new entity will inform all managerial employees and supervisors of their obligation under this neutrality agreement and will take prompt action to correct any violation of this Section 17.
Disputes regarding the application of this Section 17 shall be resolved on an expedited basis by the Subcommittee established in Section 11. 
 18. Representations/Warranties. The effectiveness of the Plan shall be conditioned 

  

 - 5 - 

 
upon the delivery from each of the chief executive officer and chief financial officer of YRCW of a compliance certificate to TNFINC on the Effective Date
containing the following: 
 To my knowledge, based on due and reasonable inquiry, including a detailed review of the financial condition of
YRC Worldwide Inc., after giving effect to this Plan, on the date of this certificate, there exists no event or condition which constitutes an default (as defined in the Credit Agreement dated August 17, 2007, as amended, among YRC Worldwide
Inc., JP Morgan Chase, National Association, as administrative agent, the lenders a party thereto, the additional borrows a party thereto) or which upon notice, lapse of time or both would, unless cured or waived, become or lead to such a default.
The foregoing representation is based solely upon the facts on the date this certificate is made. 
 The parties agree that there shall be no cause of action
against the officers who give this certificate or YRCW for punitive or consequential damages as a result of the inaccuracy of the representation in such certificate, except in the case of intentional fraud, willful misconduct or gross negligence.

 19. Current Ownership. If a Change of Control of Employer (as defined below) occurs other than through a confirmation of a plan of
reorganization in a Chapter 11 proceeding, this Plan is automatically terminated and wages reverted to full NMFA on a prospective basis unless the Union agrees in writing to continue the Plan, the warrants issued pursuant to Section 9 shall
terminate and be forfeited and all other provisions of this Plan shall be null and void on a prospective basis, including (without limitation) Section 3. For the purposes of this Section 19, a “Change of Control,” shall be deemed
to have taken place if a third person, including a “group” as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, purchases or otherwise acquires shares of YRCW after the date of this Agreement that,
together with stock held by such person or group, constitutes more than 50 percent of the total voting power of the stock of YRCW where the current directors of YRCW (or directors that they nominate or their nominees nominate) no longer continue to
hold more than 50% of the voting power of the board of directors). 
 20. Severability. The invalidity or unenforceability of any
provision of this Plan shall not affect the validity or enforceability of any other provisions of this Plan, which shall remain in full force and effect. 
 21. Ratification. For the purposes of ratification, YRC Inc. and USF Holland Inc. shall be treated as one voting unit, and New Penn Motor Express, Inc. shall be treated as a separate voting unit. 
  

 - 6 - 

 In Witness of the foregoing Plan, the parties hereby acknowledge the Plan: 
  

			
	YRC Inc., USF Holland, Inc., New Penn Motor Express, Inc., and TMI:
		
	By:	 	/s/ Michael J. Smid
	Date:	 	11/25/08
	
	Teamsters National Freight Industry Negotiating Committee:
		
	By:	 	/s/ C. Thomas Keegel
	Date:	 	11/25/08

  

 - 7 -

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