Document:

Exhibit 10.2

TERM NOTE

	
  $100,000,000

  	
  Nashville, Tennessee

  
	
   

  	
  September 29, 2006

  

 

FOR VALUE RECEIVED, the undersigned, J. B. Hunt Transport, Inc., a
Georgia corporation (the “Borrower”),
hereby promises to pay to SunTrust Bank (the “Lender”)
or its registered assigns, at the office of SunTrust Bank (“SunTrust”)
at 25 Park Place, N.E., Atlanta, Georgia 30303, (i) on the Maturity Date (as
defined in the Term Loan Agreement dated as of September 29, 2006, as the same
may be amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the
Borrower, the Lenders from time to time party thereto and SunTrust, as
Administrative Agent for the Lenders, the aggregate unpaid principal amount of
the Term Loan made by the Lender to the Borrower pursuant to the Credit
Agreement, and (ii) on each date specified in the Credit Agreement prior to the
Maturity Date, the principal amount of the Term Loan made to the Borrower by
the Lender pursuant to the Credit Agreement and payable to the Lender on such
date as specified therein, in each case in lawful money of the United States of
America in immediately available funds, and to pay interest from the date
hereof on the principal amount thereof from time to time outstanding, in like
funds, at said office, at the rate or rates per annum and payable on such dates
as provided in the Credit Agreement. In addition, should legal action or
an attorney-at-law be utilized to collect any amount due hereunder, the
Borrower further promises to pay all costs of collection, including the
reasonable attorneys’ fees of the Lender.

The Borrower promises to pay interest, on demand, on any overdue
principal and, to the extent permitted by law, overdue interest from their due
dates at a rate or rates provided in the Credit Agreement.

All borrowings evidenced by this Term Note and all payments and
prepayments of the principal hereof and the date thereof shall be endorsed by
the holder hereof on the schedule attached hereto and made a part hereof or on
a continuation thereof which shall be attached hereto and made a part hereof,
or otherwise recorded by such holder in its internal records; provided,
that the failure of the holder hereof to make such a notation or any error in
such notation shall not affect the obligations of the Borrower to make the
payments of principal and interest in accordance with the terms of this Term
Note and the Credit Agreement.

This Term Note is issued in connection with, and is entitled to the
benefits of, the Credit Agreement which, among other things, contains
provisions for the acceleration of the maturity hereof upon the happening of
certain events, for prepayment of the principal hereof prior to the maturity
hereof and for the amendment or waiver of certain provisions of the Credit
Agreement, all upon the terms and conditions therein specified.

 

THIS TERM NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY
THE LAWS OF THE STATE OF TENNESSEE AND ANY APPLICABLE LAWS OF THE UNITED STATES
OF AMERICA.

	
  

  	
  J. B HUNT
  TRANSPORT, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jerry W.
  Walton

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  	
  Jerry W. Walton

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
  Chief Financial
  Officer

  	
   

  
						

 

 

 

LOANS AND PAYMENTS

	
  Date

  	
   

  	
  Amount of Loan

  	
   

  	
  Payments of

  Principal

  	
   

  	
  Unpaid Principal

  Balance of Note

  	
   

  	
  Name of Person

  Making NotationExhibit
10.3

SECURITY AGREEMENT

	
  Debtor:

  	
  Lender/Secured Party:

  
	
  J.B. Hunt
  Transport, Inc.

  	
  SunTrust Bank

  
	
  615 J.B. Hunt
  Corporate Drive

  	
  201 Fourth Avenue North

  
	
  Lowell, AR 72745

  	
  Nashville, TN 37219

  

 

THIS SECURITY
AGREEMENT (this “Agreement”)
is entered into this 29th day of September, 2006, by and between J.B. Hunt
Transport, Inc., a Georgia corporation with its principal offices located at
the address set forth above (“Debtor”),
and SunTrust Bank, a Georgia state banking corporation with offices located at
the address set forth above, as Administrative Agent (“Administrative
Agent”).

Reference is made
to the Term Loan Agreement dated as of September 29, 2006 (as amended,
supplemented or otherwise modified from time to time, the “Credit
Agreement”), among the Debtor, the Lenders from time to time
party thereto, and Administrative Agent, as Administrative Agent for the
Lenders and a Lender. Capitalized terms used herein and not defined herein
shall have the meanings assigned to such terms in the Credit Agreement.

1.             Security Interest
and Indebtedness.  Debtor hereby grants Administrative Agent a
security interest in the property described on Exhibit A hereto (as
updated or as amended from time to time in accordance with the terms hereof)
(collectively, the “Collateral”),
to secure prompt and full performance and payment of (a) all amounts due under
the Credit Agreement; (b) all amounts that Administrative Agent may now or
hereafter pay or advance at any time for taxes, insurance, repairs, maintenance
or other protection with respect to the Collateral; and (c) all costs and
expenses that Administrative Agent may incur in enforcing or protecting its
rights with respect to the Collateral or the indebtedness secured by the
Collateral, including attorneys’ fees (collectively, the “Indebtedness”).

2.             Representations and
Warranties. Debtor
hereby represents and warrants to Administrative Agent, as of the date that any
Collateral is pledged to Administrative Agent by Debtor and thereafter, that (a)
Debtor is the sole, true and lawful owner of the Collateral; (b) Debtor has a
good unrestricted right to grant a security interest in the Collateral; (c)
there are no advances, claims, liens, security interests or encumbrances against
the Collateral except as granted to Administrative Agent or as otherwise
allowable under the terms of the Credit Agreement; and (d) all descriptions of
Collateral provided to Administrative Agent are true and accurate.

3.             Debtor’s General
Covenants. Debtor
hereby covenants and agrees that, until the Indebtedness has been paid in full,
unless Debtor receives the prior written consent of Administrative Agent: Debtor
shall: (a) keep the Collateral free from any liens, security interest or
encumbrances except as permitted under the Credit Agreement, (b) maintain the
Collateral in good order and repair, ordinary wear and tear excepted, (c) use
the Collateral in accordance with all laws, regulations and orders, except to
the extent that a failure to do so would not be reasonably likely to result in
a Material Adverse Effect, (d) not sell, transfer, or dispose of any of the
Collateral except as permitted under this Agreement or the Credit Agreement,
and (e) pay 

 

when
due all taxes and similar obligations that might result in a Lien on the
Collateral if not paid.  Debtor agrees to
execute additional documents and take such other actions (at its expense) as
Administrative Agent may reasonably request from time to time to implement or
evidence the terms of this Agreement.

4.             Sale and
Replacement of Collateral.  The Debtor may not sell or
otherwise dispose of any portion of the Collateral. Notwithstanding the
foregoing sentence, the Debtor may sell any trailer which is damaged or
destroyed in the ordinary course of business of Debtor and, if no Event of
Default exists, Debtor may retain the proceeds of any such sale. If an Event of
Default exists at the time of any such sale, all proceeds of such sale shall be
paid to Administrative Agent to be applied to the Indebtedness. As specifically
related to the trailers described on Attachment A-1 to Exhibit A,
Debtor shall amend and restate said attachment on a quarterly basis by
providing an amendment to this Agreement in substantially the form of Exhibit
B attached hereto to Administrative Agent within fifteen (15) days after
the end of each calendar quarter. Additionally, Debtor shall take all action
necessary to comply with Section 5 hereof and the other terms and
provisions contained herein in relation to any new or replacement Collateral
reflected in such amendments.

5.             Perfection and
Protection of Collateral.

(a)   General.  Upon the
occurrence of an Event of Default, Debtor shall (at its sole expense) execute,
obtain, deliver and (if applicable) file or record all financing statements,
title applications and other title documents, and take all other actions, that
are necessary to perfect or protect Administrative Agent’s security interest in
the Collateral. Debtor hereby irrevocably appoints Administrative Agent as its
attorney-in-fact, which appointment is coupled with an interest, to
take any action that Administrative Agent may deem necessary to perfect and/or
continue the perfection of its security interests and to protect the
Collateral, including without limitation, the filing of any financing
statements without Debtor’s signature as permitted by applicable law. Debtor
agrees to pay, on demand, all costs, taxes and fees payable in connection with
any such filings or recordings. Debtor shall give Administrative Agent at least
ten (10) days prior written notice before retitling any Collateral from its
present jurisdiction, and, upon the occurrence of an Event of Default, shall (at
Debtor’s expense) promptly take all steps necessary or advisable to preserve
continuously the perfection and priority of Administrative Agent’s security
interests in the Collateral.

(b)   Titled Equipment. For each item of
Collateral, the ownership of, or title to, which is evidenced by a certificate
of title (the “Titled Equipment”),
the Debtor shall list the jurisdiction in which each such item of Titled
Equipment is registered or titled, and the vehicle identification number, or
other appropriate serial number relating thereto, on Attachment A-1 to Exhibit
A. Upon the occurrence of an Event of Default, the Debtor shall cause the
lien of the Administrative Agent on such Titled Equipment to be noted on the
certificate of title relating thereto. Thereafter, Debtor will, at all times,
(i) maintain the registration and titling of each item of Titled Equipment in
the jurisdiction set forth with respect thereto on Attachment A-1 to Exhibit
A and (ii) cause the lien of the Administrative Agent on each item of
Titled Equipment to be noted on the certificate of title relating thereto.

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6.             Release of Collateral and
Termination.  Upon the
full and indefeasible payment of all Obligations (as defined in the Credit
Agreement) and the termination of the Credit Agreement, the Administrative
Agent, on behalf of Lenders, shall execute such documents and releases to evidence
the termination of the Lien of this Agreement, at the cost and expense of Debtor.

7.             Inspection.  Debtor
shall maintain adequate books and records pertaining to the Collateral and
shall permit Administrative Agent to visit and inspect any of the Collateral
and to examine Debtor’s books of record and accounts with respect to the
Collateral, all at such reasonable times and as often as Administrative Agent
may reasonably desire.

8.             Insurance.

(a)   Maintenance of Insurance. Debtor will
maintain with financially sound and reputable insurers insurance with respect
to its properties and business against such casualties and contingencies as
shall be in accordance with general practices of businesses engaged in similar
activities in similar geographic areas. Such insurance shall be in such
amounts, contain such terms, be in such forms and be for such periods as may be
reasonably satisfactory to the Administrative Agent. In addition, upon the
occurrence of an Event of Default, all such insurance with respect to the
Collateral shall be payable to the Administrative Agent as loss payee for the
benefit of the Lenders and the Administrative Agent. Without limiting the
foregoing, Debtor will (i) keep all of its physical property insured with
casualty or physical hazard insurance on an “all risks” basis with a full
replacement cost endorsement and an “agreed amount” clause in an amount equal
to 100% of the full replacement cost of such property, (ii) maintain all such
workers’ compensation or similar insurance as may be required by law, (iii)
maintain, in amounts and with deductibles equal to those generally maintained
by businesses engaged in similar activities in similar geographic areas,
general public liability insurance against claims of bodily injury, death or property
damage occurring, on, in or about the properties of Debtor and business
interruption insurance and (iv) list and maintain the Administrative Agent as an
additional insured with respect to all such casualty and liability insurance
policies.

(b)   Insurance Proceeds. The proceeds of
any casualty insurance shall, (a) so long as no Default or Event of Default has
occurred and is continuing, be disbursed to Debtor for direct application by Debtor
solely to the repair or replacement of Debtor’s property so damaged or
destroyed and (b) in all other circumstances, be applied to the Obligations.

(c)   Continuation of Insurance. All
policies of insurance shall provide for at least thirty (30) days prior written
cancellation notice to the Administrative Agent. In the event of failure by Debtor
to provide and maintain insurance as herein provided, the Administrative Agent
may, at its option, provide such insurance and charge the amount thereof to the
Debtor. Debtor shall furnish the Administrative Agent with certificates of
insurance and policies evidencing compliance with the foregoing insurance
provision.

9.             Debtor’s Use of the
Collateral. As long
as no Event of Default has occurred,  Debtor
may use the Collateral in the ordinary course of Debtor’s business, subject to
any 

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conditions
set forth in this Agreement. Upon the occurrence of an Event of Default, Debtor’s
right to so use the Collateral shall terminate until further written notice
from Administrative Agent.

10.          Remedies. Upon the occurrence and continuation of an
Event of Default (as defined in the Credit Agreement), Administrative Agent
shall be entitled to exercise any or all of the rights and remedies available
at law or in equity, including the rights and remedies of a secured party under
the applicable Uniform Commercial Code (the “Code”).
Administrative Agent’s rights and remedies include the right and power to sell,
at public or private sale or sales, or otherwise collect, dispose of or use all
or any portion of the Collateral and any part or parts thereof in any manner
authorized or permitted under the Code. Administrative Agent may apply the
proceeds thereof toward payment of the Indebtedness and toward payment of any
costs and expenses (including attorneys’ fees and legal expenses) incurred by
Administrative Agent in connection with any collection, sale or disposition of
Collateral, in such order or manner as Administrative Agent may elect in its
sole discretion. Additionally, and as an essential part of the bargained-for
consideration running to Administrative Agent and to the extent permitted by
applicable law, Debtor hereby expressly grants to Administrative Agent the
contractual right to purchase any or all of the Collateral at private sale any
time after ten (10) days’ notice of such sale has been sent to Debtor by
Administrative Agent. Upon Administrative Agent’s demand following an Event of
Default, Debtor agrees to assemble the Collateral at its usual place of
business, or at such other location as Administrative Agent may reasonably
designate, and make it available to Administrative Agent. To the extent that
notice of sale is required by applicable law, Debtor agrees that notice given
as provided in Section 15(a) hereof, at least ten (10) days before the
date of the proposed public sale or disposition or the date after which a
private sale may be made shall be deemed reasonable and shall fully satisfy any
requirement of giving of notice. Administrative Agent may postpone and
reschedule any proposed sale at its option without the necessity of giving Debtor
further notice of such fact as long as the rescheduled sale occurs within sixty
(60) days of the originally scheduled sale. All recitals in any instrument of
assignment or any other document executed by Administrative Agent incident to
sale, transfer, assignment or other disposition or use of any Collateral
hereunder shall be sufficient to establish full legal propriety of the sale or
other action taken by Administrative Agent or of any fact, condition or thing
incident thereto, and all prerequisites of such sale or other action shall be
conclusively presumed to have been performed or to have occurred.

11.          Debtor Waivers. 
Except as expressly provided herein, and to the fullest extent permitted
by law, Debtor hereby waives (i) presentment, demand and protest and notice of
presentment, protest, default, nonpayment, maturity, release, compromise,
settlement, extension or renewal of any or all commercial paper, accounts,
contract rights, documents, instruments, chattel paper and guaranties at any
time held by Administrative Agent on which Debtor may in any way be liable and
hereby ratifies and confirms whatever Administrative Agent may do in this
regard; (ii) notice prior to taking possession or control of the Collateral or
any bond or security that might be required by any court before allowing
Administrative Agent to exercise any of Administrative Agent’s remedies,
including the issuance of an immediate writ of possession, except as expressly
required herein; (iii) any marshalling of assets, or any right to compel
Administrative Agent to resort first or in any particular order to any other
collateral or other entities before enforcing its rights as to the Collateral
or pursuing Debtor for payment of the Indebtedness; (iv) the benefit of all
valuation, appraisement and exemption laws; (v) notice 

 4
 

 

of
acceptance hereof; (vi) any right to require Administrative Agent to terminate
its security interest in the Collateral before both termination of this
Agreement and payment in full of the Indebtedness; and (vi) any claims and
defenses based on principles of suretyship or impairment of collateral. Debtor
acknowledges that the foregoing waivers are a material inducement to
Administrative Agent’s entering into this Agreement and that Administrative
Agent is relying upon the foregoing waivers in its future dealings with Debtor.

12.          General Authority. Effective immediately but exercisable by
Administrative Agent (or its designee) only upon an Event of Default, Debtor
hereby irrevocably appoints Administrative Agent (or its designee) as Debtor’s
true and lawful attorney-in-fact, which appointment is hereby
coupled with an interest, with full power of substitution, in Administrative
Agent’s name or Debtor’s name or otherwise, for Administrative Agent’s sole use
and benefit, but at Debtor’s cost and expense, to exercise at any time and from
time to time all or any of the following powers with respect to all or any of
the Collateral: (a) to receive, take, endorse, assign and/or deliver any
documents relating to the Collateral; and (b) in general, to do all things
necessary to perform the terms of this Agreement and to take any action or
proceedings that Administrative Agent deems necessary or appropriate to protect
and preserve Administrative Agent’s security interest in the Collateral. In any
event, however, Administrative Agent’s exercise of or failure to exercise any
such authority shall in no manner affect Debtor’s liability to Administrative
Agent hereunder or in connection with the Indebtedness; Administrative Agent shall
be under no obligation or duty to exercise any of the powers hereby conferred
upon Administrative Agent; and Administrative Agent shall have no liability for
any act or failure to act in connection with any of the Collateral.

13.          Administrative Agent’s
Powers and Limited Duties. Administrative Agent shall have no liability or responsibility for any
diminution in the value of the Collateral from any cause whatsoever.
Administrative Agent shall be under no duty to collect any amount that may be
or become due on any of the Collateral, to redeem or realize on Collateral, to
make any presentments, demands or notices of protest in connection with any of
the Collateral, to take any steps necessary to preserve rights in any
instrument, contract or lease against third parties or to preserve rights
against prior parties, to remove any liens or to do anything for the
enforcement, collection or protection of Collateral, except to the extent, if
any, that the Code requires Administrative Agent to use reasonable care with
respect to Collateral while in its possession. Debtor agrees to pay all taxes,
charges, transfer fees and assessments against the Collateral and to do all
things necessary to preserve and maintain the value and collectibility thereof.
On Debtor’s failure to so do, Administrative Agent may, after giving Debtor
written notice of its intention to do so, make such payments and advance such
sums on account thereof as Administrative Agent, in its sole discretion, deems
desirable. Debtor agrees to reimburse Administrative Agent immediately upon
demand for all such payments and advances plus interest thereon at the maximum
rate allowed by applicable law. All such amounts shall be part of the
Indebtedness.

14.          Construction,
Definitions and Usage.

(a)   Defined Terms; UCC Terms. In addition to other words and
terms defined in this Agreement (including the Exhibits), the following terms
have the following meanings herein, unless the context expressly requires
otherwise. The term “business  

 5
 

 

day”
means any day other than a Saturday, Sunday or day on which commercial banks
are authorized to close under the laws of the State of New York or the State of
Georgia. The term “entity”
means any individual, corporation, partnership, joint venture, association,
limited liability company, joint stock company, trust, unincorporated
organization, government, or any agency or political subdivision thereof, or
any other form of entity. The terms “includes”
and “including” and words of similar
import are inclusive and not exclusive terms, and are not intended to create
any limitation. All defined terms apply to both singular and plural forms, and
all references to any gender include all other genders. Terms used in this
Agreement that are defined in the Uniform Commercial Code as adopted in the
State of Tennessee (the “Code”)
shall have the same meanings herein, except as otherwise expressly provided or
amplified (but not limited) herein.

(b)   Captions; Exhibits; Severability. The captions in this
Agreement are for convenience only, and in no way limit or amplify the
provisions hereof. All Exhibits and Schedules attached hereto are by reference
made a part hereof. This Agreement is severable, and the invalidity of any
provision shall not affect any other provision hereof.

(c)   References to Documents and Laws. All defined terms and
references as to any agreements, notes, instruments, certificates or other
documents shall be deemed to refer to such documents as they may from time to
time be amended, modified, renewed, extended, replaced, restated, supplemented
or substituted. Unless otherwise provided, all references to statutes and
related regulations shall include any amendments thereof and any successor
statutes and regulations.

15.          General Provisions.

(a)   Notices. All notices and communications required under this
Agreement shall be given in accordance with the terms of the Credit Agreement.

(b)   Successors and Assigns. Debtor shall not assign its rights
or delegate its duties under this Agreement. Debtor’s covenants and agreements
herein shall bind Debtor’s successors and assigns and shall inure to the
benefit of Administrative Agent and its successors and assigns.

(c)   Amendments and Waivers. This Agreement may not be modified
or amended except in writing signed by Debtor and Administrative Agent, and
none of its provisions may be waived except in writing signed by Administrative
Agent. [All additional and/or substitute Collateral shall be added pursuant to
an amendment executed by Debtor and Administrative Agent in substantially the
form attached as Exhibit B.]  No
waivers shall be implied, whether from any custom or course of dealing or any
delay or failure in Administrative Agent’s exercise of its rights and remedies
hereunder or otherwise. Any waiver granted by Administrative Agent shall not
obligate Administrative Agent to grant any further, similar, or other waivers.

(d)   Remedies.  All
remedies provided to Administrative Agent herein are cumulative, in addition to
all other remedies available to Administrative Agent at law or 

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in equity or otherwise, and the exercise or partial exercise of any
such right or remedy shall not preclude the exercise of any other right or
remedy.

(e)   Governing Law.  This
Agreement shall be construed in accordance with and governed by the laws of the
State of Tennessee (without regard to its rules on conflicts of laws), except
to the extent, if any, that the location of the Debtor or the Collateral may
require the application of other law to govern the perfection of security
interests in the Collateral.

(f)    Counterparts.  This
Agreement may be executed in any number of counterparts (by facsimile
transmission or otherwise), and each shall be deemed an original but all such
counterparts shall constitute but one and the same instrument.

(g)   Entire Agreement; No Oral Representations. This Agreement
represents the entire agreement between the parties hereto with respect to the
subject matter hereof, superseding any and all other agreements, promises or
representations existing prior to or made simultaneously with this Agreement.

ENTERED INTO as of the
date first written above.

	
  Lender:

  	
   

  	
   

  	
   

  	
  Debtor:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SUNTRUST BANK

  	
   

  	
  J. B HUNT TRANSPORT,
  INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  By:

  	
   

  /s/ William H. Crawford

  	
   

  	
   

  By:

  	
   

  /s/ Jerry W. Walton

  
	
   

  Print Name:

  	
   

  William H. Crawford

  	
   

  	
   

  Print Name:

  	
   

  Jerry W. Walton

  
	
   

  Title:

  	
   

  Director

  	
   

  	
   

  Title:

  	
   

  Chief Financial Officer

  
																		

 

	
  Address for Notices:

  	
  Address for Notices:

  
	
   

  	
   

  
	
   

  	
   

  
	
  201 Fourth Avenue North, Second Floor

  	
  615 J.B. Hunt Corporate Drive

  
	
  Nashville, TN 37219

  	
  Lowell, AR 72745

  
	
  Telecopy #:615-748-5269

  	
  Telecopy #:479-820-8896

  
	
  Telephone #:615-748-4629

  	
  Telephone #:479-820-8762

  
	
  Attention: Bill Crawford

  	
  Attention: David Chelette

  
	
  Email: bill.crawford@suntrust.com

  	
  Email: david_chelette@jbhunt.com

  

 

 7
 

 

 

EXHIBIT
A

	
  Debtor:

  	
  Administrative Agent/Secured Party:

  
	
   

  	
   

  
	
  J.B. Hunt Transport, Inc.

  	
  SunTrust Bank

  
	
  615 J.B. Hunt Corporate Drive

  	
  201 Fourth Avenue North

  
	
  Lowell, AR 72745

  	
  Nashville, Tennessee 37219

  

 

The Collateral includes,
and Guarantor hereby grants to Administrative Agent a security interest in and
to, all of Guarantor’s right, title and interest in the following property, all
whether presently existing or hereafter acquired and wherever located, and all
additions, substitutions, replacements extensions, amendments, attachments and
accessions thereto:

1.             All trailers owned by Debtor which
are described in Attachment A-1, together with all substitutes therefore from
time to time as supplemented and amended pursuant to Exhibit B.

2.             All proceeds (including insurance
proceeds) of any and all of the foregoing and any insurance policies covering
such Collateral.

 8
 

 

ATTACHMENT
A-1

 9
 

 

[EXHIBIT B

AMENDMENT
TO SECURITY AGREEMENT

This
Security Agreement is entered into this        day
of                       ,
20       by and between J.B. Hunt Transport,
Inc. (the “Guarantor”) and SunTrust Bank (the “Administrative Agent”).

RECITALS:

A.            Guarantor and Administrative Agent
have previously executed that certain Security Agreement dated as of September      ,
2006 (as such may be amended and/or restated from time to time, the “Security
Agreement”).

B.            Guarantor and Administrative Agent
desire to amend the Security Agreement to add additional Collateral or to
substitute Collateral as described on Exhibit A to the Security Agreement.

NOW,
THEREFORE, Guarantor and Administrative Agent agree as follows:

1.             Amendment of Collateral.  Guarantor and Administrative Agent agree that
Attachment A-1 to Exhibit A of the Security Agreement is hereby
amended by substituting the Attachment A-1 attached hereto in lieu of
the prior Attachment A-1.  The
substitute Attachment A-1 attached hereto is hereby incorporated by
reference into the Security Agreement and the property therein shall be
Collateral as defined in the Security Agreement.

2.             No Other Amendment.  Except as specifically set forth herein, no
other amendment, modification or release is made pursuant to this Amendment.

IN
WITNESS WHEREOF, the undersigned, by and through their duly authorized officers
hereby execute this Amendment as of the day and date first set forth above.

	
   

  	
  J.B. HUNT TRANSPORT, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SUNTRUST BANK, as Administrative Agent

  
	
   

  	
  for Lenders

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
					

 

 

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