Document:

Employment Agreement

 Exhibit 10.1 
  
 EMPLOYMENT AGREEMENT 
 (Bonnie Fuller) 
  
 EMPLOYMENT AGREEMENT (the “Agreement”) dated June 26, 2003 by and between American Media Operations, Inc. (the “Company” or “AMI”) and Bonnie Fuller (the “Executive”). 
  
 WHEREAS, the Company desires to employ Executive and to enter into an
Agreement embodying the terms of such employment; 
  
 WHEREAS,
Executive desires to accept such employment and enter into such an Agreement; 
  
 NOW, THEREFORE, in consideration of the premises and mutual covenants herein and for other good and valuable consideration, the parties agree as follows: 
  
 1. Term of Employment; Executive Representation. 
  
 a. Employment Term . The Company shall employ Executive for a period of three years commencing on July 7, 2003 (the
“Effective Time”) and ending on June 30, 2006 (the “Employment Term”) on the terms and subject to the conditions set forth in this Agreement. 
  
 b. Executive Representation. Executive represents and warrants that, to the best of her knowledge, Executive is not
a party to, or bound by, any agreement or restrictive covenant that would prohibit Executive from entering into this Agreement and performing Executive’s duties hereunder. In the event of any third party allegations to the contrary, no
indemnity of any kind is hereby given or implied. However, Executive agrees to fully cooperate with Company in its defense of any such third party claims. Executive represents and warrants that she has disclosed to the Company all material
communications (whether oral or written) related to the negotiation, execution and termination of any employment agreement with her prior employers and has provided true and complete copies of all written documents related thereto. 
  
 c. Prior Agreements. This Agreement supercedes all prior Agreements
and understandings (including verbal Agreements) between Executive and the Company and/or its affiliates regarding the terms and conditions of Executive’s employment with the Company and/or its affiliates (collectively, the “Prior
Agreements”). 
  
 2. Position. 
  
 a. During Executive’s employment by the Company, Executive shall serve
as Executive Vice President/Chief Editorial Director. Executive will also serve as a member of the Company’s Management Committee. In such position, Executive shall report directly and solely to the Company’s President and Chief Executive
Officer and shall have such duties and authority as shall be determined from time to time by the President/Chief Executive Officer of the Company consistent with Executive’s title. 

 b. During Executive’s employment with the Company, Executive will devote Executive’s full
business time and best efforts to the performance of Executive’s duties hereunder and will not engage in any other business, profession or occupation for compensation or otherwise which would materially conflict with the rendition of such
services either directly or indirectly, without the prior consent of the Company’s Chief Executive Officer, which will not be unreasonably withheld. 
  
 3. Base Salary. During Executive’s employment with the Company, the Company shall pay Executive a base salary (the “Base Salary”) at
the annual rate of $1,500,000.00 (One Million Five Hundred Thousand Dollars and Zero Cents), payable in regular installments in accordance with the Company’s usual payment practices (but no less regularly than bi-weekly). 
  
 4. Circulation Incentive Bonus. Per the attached plan (Exhibit
“B”), Executive will be eligible to earn, on a weekly basis, an incentive based on the unit sales of the Company’s publications identified in Exhibit “B”. The weekly Target Bonus (“Target Bonus”) is $17,307.69 per
week (52 weeks x $17,307.69 = $900,000.00). The calculation is based on achieving a predetermined base unit sales level. The base unit sales level during the first plan year will be approximately the average sales of the Company’s publications
during the 13 weeks (for publications published monthly, the average unit sales will be based on the last twelve issues) preceding the first plan year. The base unit sales for each future year will be the lower of (i) approximately the average sales
of the Company’s publications during the 13 weeks (for publications published monthly, the average unit sales will be based on the last twelve issues) preceding the applicable plan year, or (ii) 105% of the base unit sales level upon which the
Target Bonus was calculated during the prior plan year; provided, however, in no event will the base unit sales level for any future year be below the base unit sales level for the immediately preceding plan year. Executive may exceed the Target
Bonus amount by increasing sales beyond the targeted unit sales amount. Payments under this plan will be made weekly, based upon scan estimates received each Wednesday. Adjustments to these estimates, either positive or negative, and the related
payment will be made for the period of time that the Company accepts returns under the terms of its national distributor contract. There is no limit on the amount payable to Executive under the Circulation Incentive Plan. Executive is guaranteed a
minimum of at least $500,000.00 (Five Hundred Thousand Dollars and Zero Cents) in Circulation Incentive Bonus during Executive’s first year of employment with the Company, which will be paid to Executive at the rate of $17,307.69 per week until
the $500,000.00 guarantee is met. Notwithstanding that the Target Bonus will be calculated and paid weekly as described above, reconciliation of payments due will be made as of the end of each plan year based upon actual circulation levels achieved
on a cumulative basis for such plan year as compared to the base unit sales level for that plan year. If the actual sales level achieved for the year is between 95% and 100% of the base unit sales level, Executive will be paid that percentage of her
Target Bonus for such plan year less payments previously made during such plan year. If the actual sales level achieved for the year is below 95% of the base unit sales level for the year, no payment will be made. In the event that additional
publications are acquired or existing publications cease to be published, Executive and the Company agree to negotiate, in good faith, adjustments to the Circulation Incentive Plan. 

 5A. Employee Benefits. During Executive’s employment with the Company, Executive shall be
provided, in accordance with the terms of the Company’s employee benefit plans as in effect from time to time, health insurance (available to her and her spouse and children in accordance with the requirements of the insurance plan) and short
term and long term disability insurance, retirement benefits and fringe benefits (collectively “Employee Benefits”) on the same basis as those benefits are generally made available to other most senior employees of the Company or its
affiliated entities. Executive will be eligible for the reimbursement of Executive’s health club related expenses with an annual maximum of $18,000.00 (Eighteen Thousand Dollars and Zero Cents). Executive shall be entitled to use The Big Apple
Car Service for business related travel and travel to and from the office, and entitled to first class travel and accommodations for business travel, ground transportation relating to business travel and a per diem. Executive will be provided with a
private office (size and furnishings commensurate with her level) in the Company’s New York City main editorial office. When Executive is requested to work from the Company’s California and Florida offices, Executive will be provided with
a private office to use while Executive is working from the California or Florida office. Executive may only be required to work outside of the New York metropolitan area intermittently, and for no more than two weeks at any one time. Executive will
be provided with a dedicated assistant in the New York City office, and will be provided an assistant from the Chairman’s Office while working from the California or Florida offices. Executive will be provided with the equipment/service
necessary to set up a home office, including, but not limited to: notebook computer, desk-top computer, desk, copier/fax/printer, and home DSL connection (or equivalent). Additionally, Executive will be provided with a company cell phone to use for
business purposes. 
  
 5B. Equity Arrangements 
  
 Executive will be granted, on your first day of employment, equity units
with an estimated value of $1,500,000.00 upon a liquidation event, as defined in the subscription agreement. This estimated value is based on numerous factors, including, but not limited to, the Company achieving its targets as contained in the
business plan. This grant will be subject to the terms and conditions of a subscription agreement, including, but not limited to, a vesting schedule. Additional grants, based upon performance, will be made at the option of the Company’s Chief
Executive Officer, on a yearly basis. Further, additional grants will be made to Executive, if necessary, to insure that the future issuance of grants to other persons will not be dilutive to Executive. 
  
 6. Termination. Notwithstanding any other provision of this Agreement,
the provisions of this Section 6 shall exclusively govern Executive’s rights upon termination of employment with the Company and its affiliates. It is understood that Executive shall have no affirmative duty to mitigate damages (and the Company
shall not be entitled to mitigation) in the event of her termination of employment with the Company. Executive’s employment hereunder may be terminated by either party at any time and for any reason; provided that either party will be
required to give the other party at least 30 days advance written notice of any termination of Executive’s employment and Executive will give the Company at least 30 days advance written notice of any resignation of Executive’s employment.
If Executive’s employment is terminated by the Company, Executive shall be entitled to receive: 
  
 (A) the Base Salary through the date of termination; 

 (B) any bonus earned but unpaid as of the date of termination for any previously completed fiscal year,
and a prorated portion of the current fiscal year bonus, if any, up to the date of termination of employment; 
  
 (C) in accordance with Company policy, reimbursement for any unreimbursed business expenses properly incurred by Executive prior to the date of
Executive’s termination; and 
  
 (D) such Employee Benefits,
if any, as to which Executive may be entitled under the employee benefit plans of the Company. If Executive is terminated for any reason other than Cause, Executive will be entitled to receive health insurance benefits through the balance of the
Term (the amounts described in clauses (A) through (D) hereof being referred to as the “Accrued Rights”). 
  
 E) Severance pay in the amount of the remaining base salary due under the terms and conditions of this Agreement, if termination is for any reason other
than Cause or Expiration of the Employment Term or resignation by Executive. Severance pay, will be payable in equal monthly installments. For purposes of this Employment Agreement, “Cause” shall mean (i) Executive’s conviction of, or
plea of guilty or nolo contendere to, any felony which materially adversely affects the Company, (ii) Executive’s willful or gross misconduct in the performance of duties owed to the Company that is intended to materially adversely
affect the Company or that Executive knew or should have known would have such effect or (iii) Executive’s willful refusal or willful failure to substantially perform Executive’s essential duties to the Company (other than due to
Executive’s illness); provided that prior to any termination pursuant to this clause (iii), (A) the Company must provide Executive with written notice specifically identifying the reasons the Company believes this clause (iii) is
applicable and (B) Executive must have continued to willfully refuse or willfully fail to perform such essential duties for a 30 day period following receipt of such notice. 
  
 F) Expiration of the Employment Term. Upon expiration of the Employment Term, unless Executive’s employment is
earlier terminated pursuant to the above, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the last day of the
Employment Term and Executive shall be entitled to receive the Accrued Rights. In the event that the Company does not intend to extend the terms and conditions of this Employment Agreement upon expiration of the Term, the Company will provide the
Executive with 6 months advance written notice of its intent to not extend this Employment Agreement, and the Term will automatically be extended until six-months from the date the Company gives such notice. 
  
 G) Continued Employment Beyond the Expiration of the Employment Term.
Unless the parties otherwise agree in writing, or unless the Term is extended pursuant to Paragraph 6(F), above, continuation of Executive’s employment with the Company beyond the expiration of the Employment Term shall be deemed an employment
at will and shall not be deemed to extend any of the provisions of this Agreement and Executive’s employment may thereafter be terminated at will, for any reason or for no reason and at any time, by either Executive or the Company; provided
that the provisions of Section 7 and Exhibit A (Confidentiality/Non Compete Addendum) of this Agreement shall survive any termination of this Agreement or Executive’s termination of employment and provided that Executive will receive
compensation as provided herein unless otherwise agreed by the parties (including all contingent compensation, title and benefits). 

 Following such termination of Executive’s employment, except as set forth in this Section 6,
Executive shall have no further rights to any compensation or any other benefits under this Agreement. 
  
 7. Confidentiality. Concurrent with the execution of this Agreement by Executive, Executive shall execute and deliver to Company, Exhibit
“A,” entitled Confidentiality/Non Compete Addendum, which is attached hereto and made a part hereof. 
  
 8. Miscellaneous. 
  
 a. Governing Law and Exclusive Venue. This Agreement shall be governed by and construed in accordance with the laws of the New York, without
regard to its choice of laws principles. The parties agree that any suit, under, in connection with, or in any way related to this Agreement shall only be brought in the state courts located in New York City or in the United States District Court
located in the borough of Manhattan in New York City. 
  
 b.
Entire Agreement/Amendments. This Agreement and Exhibit “A” hereto contain the entire understanding of the parties with respect to the employment of Executive by the Company. There are no restrictions, agreements, promises,
warranties, covenants or undertakings between the parties with respect to the subject matter herein other than those expressly set forth herein. This Agreement may not be altered, modified, or amended except by written instrument signed by the
parties hereto. 
  
 c. No Waiver. The failure of a party
to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term
of this Agreement. 
  
 d. Severability. In the event that
any one or more of the provisions of this Agreement shall be or become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions of this Agreement shall not be affected thereby.

  
 e. Assignment. This Agreement shall not be assignable
by Executive. This Agreement may be assigned by the Company to a company which is a successor in interest to substantially all of the business operations of the Company. Such assignment shall become effective when the Company notifies Executive of
such assignment or at such later date as may be specified in such notice. Upon such assignment, the rights and obligations of the Company hereunder shall become the rights and obligations of such successor company; provided that the Company
is responsible for all terms contained herein, and provided that no assignment can result in a change in job title, a different job description or Executive’s required relocation outside of the New York metropolitan area. 
  
 f. Successors; Binding Agreement. This Agreement shall inure to the
benefit of and be binding upon personal or legal representatives, executors, administrators, successors, heirs, distributes, devises and legatees. 
  
 g. Notice. For the purpose of this Agreement, notices and all other communications provided for in the Agreement shall be in writing and shall be
deemed to have been duly given when delivered or mailed by United States registered mail, return receipt 

 
requested, postage prepaid, addressed to the respective addresses set forth below Agreement, or to such other address as either party may have furnished to
the other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt. 
  
 If to the Company: 
  
 To the attention of the Company’s Senior Vice President, Human Resources and Administration at the principal corporate headquarters of the Company.

  
 If to Executive: 
  
 To the most recent address of Executive set forth in the personnel records
of the Company. 
  
 h. Withholding Taxes. The Company may
withhold from any amounts payable under this Agreement such Federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation. 
  
 i. Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument. 
  
 j. Survival. Notwithstanding any termination/expiration of the Agreement, all rights and obligations hereunder which by their nature should survive termination/expiration, shall survive. 
  
 k. Various. The parties will mutually agree upon the language of any
press release issued regarding the consummation of this Employment Agreement and agree that Rubenstein & Associates will be retained to publicize the consummation of this Employment Agreement. The Company will pay dues on behalf of Executive at
any professional organization relating to Executive’s job responsibilities up to $1,000.00. Upon termination, Executive shall be entitled to retain her Rolodex, all personal files and can retain her assistant(s). The Company acknowledges that
Executive is entitled to five weeks of vacation time per year (including two weeks during the Christmas/New Year holiday period). The Company further acknowledges that Executive currently has existing vacations scheduled from June 27 through July 6,
2003 and from July 31 to August 1, 2003 and the week of August 25, 2003. The Company will reimburse Employee for her out-of-pocket COBRA payments made prior to her becoming eligible for health insurance coverage provided by the Company. For purposes
of clarity, Executive will become eligible for health insurance coverage on the first calendar day of the first month after she completes three months as a full time employee. For further purposes of clarity, any pre existing conditions limitation
under the Company’s health insurance plan is eliminated if Executive has had prior continuous coverage from another health plan for Executive and covered dependents for at least the prior 12 months, with no gap in coverage. The Company further
confirms that New York Presbyterian Hospital is currently listed as a participating provider in the network that is used under the Company’s current health insurance program. 
  
 9. Advice of Counsel. In entering into this Agreement, Executive represents that she has had an opportunity to seek,
and has sought the legal advice of her attorney, an attorney of her own choice and that the terms of this Agreement have been completely read and explained by her attorney, and that those terms are fully understood and voluntarily accepted by
Executive. 

 The Company will reimburse Executive for her attorney fees incurred in respect to the negotiation of this Employment
Agreement, up to a maximum amount of $50,000. 
  
 IN WITNESS
WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first above written. 
  

	 AMERICAN MEDIA OPERATIONS, INC.

		
	 By:
	 	 /s/ David Pecker

	 	 	         David Pecker

	 	 	         Chief Executive Officer

		
	 By:
	 	 /s/ Bonnie Fuller

	 	 	             Bonnie Fuller

	 	 	             Executive

 EXHIBIT “A” 
  
 Confidentiality / Non-Compete Addendum 
  
 1. For purposes of this Addendum, the term “Confidential Information” is defined to mean any non-public information (including any
and all information that becomes public by your actions or actions of persons obtaining access to information directly or indirectly from or through Executive) related to the Company (as such term is defined in the Employment Agreement) and its
related and/or affiliated corporations (hereinafter the “Company” or “AMI”), its business, finance or proprietary information, including but not limited to information regarding its officers and employees, its data, statistics,
business plans, records, trade secrets, business secrets, operational methods, customer lists, concepts, ideas, policies and/ or any other information regarding the Company’s property or data, whether tangible or intangible, and whether or how
stored, compiled or memorized physically, electronically, photographically, or by any other means, and specifically including, without limitation, AMI proprietary system designs and programs and information of any kind, AMI system specifications and
AMI operational methodologies. 
  
 2. Executive (as such term is defined in the
Employment Agreement) acknowledges that Confidential Information is proprietary to, and a valuable asset of, the Company and that any disclosure or unauthorized use thereof in violation of this Addendum will cause irreparable harm and loss.

  
 3. Executive shall retain any Confidential Information in strictest confidence
and shall not at any time, whether during or after Executive’s term of employment with Company, use, exploit or disclose or permit the use, exploitation or disclosure of any Confidential Information obtained from the Company and/or AMI’s
Employees unless otherwise required by law. Executive covenants and agrees that she shall not, either directly or indirectly, publish or disclose any Confidential Information subject to this Addendum or use such Confidential Information for the
benefit of herself, another party or any third parties, without the prior written consent of the President of the Company. Executive further agrees that she will not retain or use for Executive’s account at any time any trade names, trademark
or other proprietary business designation used or owned in connection with the business of the Company or its affiliates. 
  
 4. Upon termination of employment or demand by the Company, Executive shall immediately deliver to AMI without retaining copies thereof, any and all Confidential
Information and derivations thereof in her possession or control, including but not limited to, all notes, analyses, compilations, studies, interpretations, and other documents, including but not limited to, photographic, video or electronic
documents and recordings. 
  
 5. Executive shall not, without the prior written
consent of the President of the Company, make any public statement, announcement or release to any person or entity, including, but not limited to, trade publications, the press, any competitor of the Company, customer, or any other third party,
disclosing or relating to any Confidential Information, except as may be necessary to comply with the requirements of any applicable law, governmental order or regulation in connection therewith (“Governmental Disclosure”). Prior to any
Governmental Disclosure, Executive shall comply with Section 6 hereto. Executive agrees that she will not discuss with the media any aspect of her employment with the Company and will not write, speak, or give interviews, either directly or
indirectly, on or off the record about her work at the Company, including without limitation, facts and information she has learned during her employment about the Company and her assignments, for purposes of publication in any way, directly or
indirectly, without prior written approval by the President of the Company, which approval will not be unreasonably withheld. 
  
 6. In the event that Executive is requested or required to disclose any Confidential Information subject to this Addendum in a legal or regulatory proceeding, Executive
shall provide AMI with prompt written notice of any such request or requirements in order to provide AMI an opportunity to seek a protective order or other appropriate remedy. Executive agrees to cooperate with AMI and its counsel, at AMI’s
sole cost and expense, in any effort to prevent such disclosure of the Confidential Information. 
  
 7. Except as provided otherwise, while employed and for a period of one (1) year following Executive’s termination of employment for any reason, Executive shall not, in any manner, attempt to solicit or solicit
any employee of AMI, its affiliates, subsidiaries, parent or related companies or successors or assigns with any offer of employment or consultancy, or hire, retain, engage or otherwise employ or utilize the services of any such employee of AMI.

 8. Executive agrees that during the term of her employment with AMI and for the period of three (3) months following
Executive’s voluntary termination of employment, she will not engage in any relationship, directly or indirectly, including but not limited to, advising, being compensated in any way by, being employed by, permitting her name to be associated
with or used by, or consulting, with any Prohibited Business (as hereinafter defined) within the United States of America or Canada. For purposes of this agreement “Prohibited Business” means any business which is in any way involved in
the publishing, production, pre-press, marketing, racking, or servicing of products similar to AMI, which includes, but is not limited to companies which provide pre-press services, in the United States of America or Canada . Executive acknowledges
that AMI’s products and services are marketed throughout the United States of America and Canada and that therefore a restriction to the geographic area of the United States of America and Canada is reasonable with regard to AMI’s business
plans and the market for its products and services. In the event that the term of Executive’s Employment Agreement expires and Executive becomes an employee at will under terms and conditions similar to those contained in her Employment
Agreement, and if Executive’s employment is terminated, while Executive is an employee at will, Executive will additionally be bound by the terms of this Paragraph for a period of six months, provided that AMI compensates Employee in the amount
of $125,000.00 per month (“Severance”) for the six-month non-competition period. If Executive does not comply with the terms contained herein, AMI shall not be obligated to pay Executive Severance. AMI agrees to pay the greater of the
Severance described above, or AMI’s Severance program in effect at the time of termination of employment during the six month non-competition period. 
  
 9. Executive acknowledges that the restrictions and conditions set forth in this Addendum are essential to AMI’s execution of Executive’s Employment Agreement,
without which, AMI would not have entered into this agreement. Executive expressly acknowledges that the restrictions set forth in this Addendum are reasonable and valid. 
  
 10. Executive agrees that she will make no statements about the Company, its officers or employees that are intended to, or may reasonably
be expected to disparage or impugn them or to otherwise make any statement that will adversely affect the reputation of the Company, its officers or employees or otherwise disrupt, damage, impair or interfere with the Company or its operations or
business prospects. 
  
 11. Executive acknowledges that a breach of any of the
terms, covenants or conditions contained in this Addendum by Executive and/or those under her control will result in irreparable damage to AMI and that such damage will be presumed to have occurred. In the event of such breach or threatened breach,
AMI shall be entitled to seek appropriate injunctive relief in any court of competent jurisdiction, restraining Executive and/or those under her control from any such threatened or actual violation of the provisions of this Addendum. Executive
acknowledges that she may also be liable for any actual damages experienced by AMI in the event of a breach, according to proof. Specifically and unless stated otherwise, all remedies provided for in this Addendum shall be cumulative and in addition
to and not in lieu of any other remedies available to AMI at law, in equity, or otherwise. 
  
 12. Nothing contained in this Addendum shall be construed as granting or conferring any rights by license or otherwise in any Confidential Information disclosed. 
  
 13. No delay or omission by AMI to exercise any right or power occurring upon any
noncompliance or default by Executive with respect to any of the terms of this Addendum shall impair any such right or power or be construed to be a waiver thereof. A waiver by AMI of any covenants, conditions, or agreements to be performed by
Executive shall not be construed to be a waiver of any succeeding breach thereof or of any covenant, condition, or agreement herein contained. 
  
 14. The provisions of this Addendum shall survive termination/expiration of the Agreement. 
  

	 AMERICAN MEDIA OPERATIONS, INC.
	 	 	 	 
					
	By:	 	 /s/ David Pecker

	 	 	 	By:	 	 /s/ Bonnie Fuller

	 	 	         David Pecker
         Chief Executive Officer
	 	 	 	 	 	         Bonnie Fuller
         Executive

				
	 Date: June 26, 2003
	 	 	 	 	 	         Date: June 26, 2003Amendment to Credit Agreement

 Exhibit 4.15 
 SEVENTH AMENDMENT TO CREDIT AGREEMENT 
  
 SEVENTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of August 7, 2003, among QUALITY DISTRIBUTION, INC. (f/k/a MTL, Inc.), a Florida corporation (“Holdings”), QUALITY
DISTRIBUTION, LLC, a Delaware limited liability company (the “U.S. Borrower”), LEVY TRANSPORT LTD./LEVY TRANSPORT LTEE, a Quebec company and a Wholly-Owned Subsidiary of the U.S. Borrower (the “Canadian Borrower”),
the various Subsidiaries of the U.S. Borrower party to the Subsidiaries Guaranties referred to below (collectively, the “Subsidiary Guarantors”), various Banks party to the Credit Agreement referred to below and CREDIT SUISSE FIRST
BOSTON, as Administrative Agent (in such capacity, the “Administrative Agent”) under the Credit Agreement. All capitalized terms used herein and not otherwise defined herein shall have the respective meanings provided such terms in
the Credit Agreement referred to below. 
  
 W  I  T  N  E  S  S  E  T  H : 
  
 WHEREAS, Holdings, the U.S. Borrower, the Canadian Borrower, the Banks,
Lasalle Bank National Association, The Bank of Nova Scotia, PB Capital Corp. (f/k/a BHF-Bank Aktiengesellschaft), Bank Austria Creditanstalt Corporate Finance, Inc. (f/k/a Creditanstalt Corporate Finance, Inc.) and Royal Bank of Canada, as
Co-Agents, Salomon Brothers Holding Company, Inc., as Documentation Agent, Deutsche Bank Trust Company Americas (f/k/a Bankers Trust Company), as Syndication Agent, and the Administrative Agent are parties to a Credit Agreement, dated as of June 9,
1998 and amended and restated as of August 28, 1998 (as so amended and restated and as the same has been further amended, modified and/or supplemented through but not including the date hereof, the “Credit Agreement”); 

 
 WHEREAS, the U.S. Subsidiary Guarantors and the Administrative Agent are
parties to a Subsidiaries Guaranty, dated as of June 9, 1998 and amended and restated as of August 28, 1998 (as so amended and restated, the “U.S. Subsidiaries Guaranty”); 
  
 WHEREAS, the Canadian Subsidiary Guarantors and the Administrative Agent are
parties to a Subsidiaries Guaranty, dated as of May 30, 2002 (the “Canadian Subsidiaries Guaranty”); 
  
 WHEREAS, the Mexican Subsidiary Guarantors and the Administrative Agent are parties to a Subsidiaries Guaranty, dated as of May 30, 2002 (the
“Mexican Subsidiaries Guaranty”); and 
  
 WHEREAS, subject to the terms and conditions of this Amendment, the parties hereto wish to amend or otherwise modify certain provisions of the Credit Agreement, and the Subsidiary Guarantors wish to make certain acknowledgements with
respect to the Credit Agreement, in each case as herein provided; 
  
 NOW, THEREFORE, it is agreed: 
  

	I.	 	Amendments to Credit Agreement. 

 1. Notwithstanding anything to the contrary contained in the Credit Agreement, the Credit Agreement
Parties hereby agree that on and after the Seventh Amendment Effective Date (as hereinafter defined), (i) the Canadian Borrower shall not be permitted to incur any Loans or request any Letters of Credit, (ii) the Banks shall not be required to
extend any Loans to the Canadian Borrower and (iii) the Letter of Credit Issuers shall not be required to issue any Letters of Credit for the account of the Canadian Borrower. 
  
 2. Notwithstanding anything to the contrary contained in the Credit Agreement, the Banks and the Credit Agreement Parties
hereby agree that, on the Seventh Amendment Effective Date: 
  
 (i) (x) U.S.$8,000,000 in aggregate principal amount of Dollar Revolving Loans held by RL Banks that are U.S. Banks and outstanding at such time shall automatically and without further action be converted into a
separate Tranche of Term Loans (such Dollar Revolving Loans, together with the Canadian Dollar Revolving Loans converted pursuant to sub-clause (y) below, “Tranche E Term Loans”) owed by the U.S. Borrower in a like principal amount
and thereafter constitute Tranche E Term Loans denominated in Dollars for all purposes of the Credit Agreement and (y) CDN$2,768,600 in aggregate Face Amount of Canadian Dollar Revolving Loans held by Canadian RL Banks and outstanding at such time
shall automatically and without further action be converted into Tranche E Term Loans owed by the U.S. Borrower in an aggregate principal amount of U.S.$10,000,000 and thereafter constitute Tranche E Term Loans denominated in Dollars for all
purposes of the Credit Agreement (the conversion described in this clause (i) being called, the “Tranche E Term Loan Conversion”); 
  
 (ii) as a result of the Tranche E Term Loan Conversion, (a) the Total Revolving Loan Commitment shall be immediately and permanently
reduced by $10,000,000, with such reduction to the Total Revolving Loan Commitment to apply to permanently reduce the Revolving Loan Commitment (and the Canadian Revolving Loan Sub-Commitment and the Non-Canadian Revolving Loan Sub-Commitment) of
each RL Bank in accordance with the requirements of Section 3.03(h) of the Credit Agreement), (b) the Dollar RL Percentage of each RL Bank that is a U.S. Bank shall be automatically adjusted to give effect to the decrease in the Non-Canadian
Revolving Loan Sub-Commitments of each such RL Bank, (c) the Canadian RL Percentage of each Canadian RL Bank shall be automatically adjusted to give effect to the decrease in the Canadian Revolving Loan Sub-Commitments of each such Canadian RL Bank,
(d) Schedule I to the Credit Agreement shall be deemed amended to give effect to such modified Non-Canadian Revolving Loan Sub-Commitments and Canadian Revolving Loan Sub-Commitments, (e) the Revolving Loans so converted into Tranche E Term Loans
shall initially constitute a single Borrowing of Base Rate Loans (until same may be converted into Eurodollar Loans in accordance with the terms of the Credit Agreement), (f) except as otherwise provided in Section 1.10(b) of the Credit Agreement,
all Tranche E Term Loans made as part of the same Borrowing shall at all times consist of Tranche E Term Loans of the same Type, and (g) each RL Bank whose Revolving Loans are so converted shall initially hold Tranche E Term Loans in a like
principal amount as the Revolving Loans of such RL Bank so converted (using the Dollar Equivalent of the Face Amount of Canadian 
  

 -2- 

 Dollar Revolving Loans so converted); and 
  
 (iii) in connection with the Term Loan Conversion, the U.S. Borrower shall pay any breakage or similar costs
of the type described in Section 1.11 of the Credit Agreement incurred by the Banks in connection with the Tranche E Term Loan Conversion. 
  
 3. Section 1.05(a) of the Credit Agreement is hereby amended by (i) deleting the term “Section 1.05(j)” appearing in said Section and inserting
the term “Section 1.05(k)” in lieu thereof, (ii) deleting the word “and” appearing at the end of clause (vi) of said Section and inserting a comma in lieu thereof, (iii) deleting the term “Exhibit B-7” appearing in
clause (vii) of said Section and inserting the term “Exhibit B-8” in lieu thereof and (iv) inserting the following new clause (viii) at the end of said Section: 
  
 “and (viii) if Tranche E Term Loans, by a promissory note substantially in the form of Exhibit B-9 with
blanks appropriately completed in conformity herewith (each, a “Tranche E Term Note” and, collectively, the “Tranche E Term Notes”)”. 
  

4. Section 1.05 of the Credit Agreement is hereby further amended by (i) redesignating clauses (i) and (j) thereof as clauses (j) and (k),
respectively, (ii) deleting the text “clause (i)” appearing in the third sentence of clause (k) of said Section (as redesignated pursuant to preceding clause (i)) and inserting the text “clause (j)” in lieu thereof and (iii)
inserting the following new clause (i) immediately following clause (h) of said Section: 
  
 “(i) The Tranche E Term Note issued to each Bank with outstanding Tranche E Term Loans shall (i) be executed by the U.S. Borrower,
(ii) be payable to such Bank or its registered assigns and be dated the Seventh Amendment Effective Date (or, in the case of any Tranche E Term Note issued after the Seventh Amendment Effective Date, the date of issuance thereof), (iii) be in a
stated principal amount equal to the outstanding Tranche E Term Loans of such Bank on the Seventh Amendment Effective Date (or, in the case of any Tranche E Term Note issued after the Seventh Amendment Effective Date, in a stated principal amount
equal to the outstanding principal amount of the Tranche E Term Loans of such Bank on the date of the issuance thereof) and be payable in the principal amount of Tranche E Term Loans evidenced thereby from time to time, (iv) mature on the Tranche E
Term Loan Maturity Date, (v) bear interest as provided in the appropriate clause of Section 1.08 in respect of the Base Rate Loans and Eurodollar Loans, as the case may be, evidenced thereby, (vi) be subject to voluntary repayment as provided in
Section 4.01 and mandatory repayment as provided in Section 4.02 and (vii) be entitled to the benefits of this Agreement and the other Credit Documents.”. 
  

5. Section 1.08(e) of the Credit Agreement is hereby amended by deleting the text “1.08(c)” appearing therein and inserting the text
“1.08(e)” in lieu thereof. 
  

 -3- 

 6. Section 1.09(vii) of the Credit Agreement is hereby amended by deleting said Section in its entirety
and inserting the following new Section 1.09(vii) in lieu thereof: 
  
 “(vii) no Interest Period in respect of any Borrowing of Tranche A Term Loans, Tranche B Term Loans, Tranche C Term Loans or Tranche E Term Loans shall be elected which extends beyond any date upon which a
Scheduled Repayment of such Tranche of Term Loans will be required to be made under Section 4.02(b) if, after giving effect to the election of such Interest Period, the aggregate principal amount of such Tranche A Term Loans, Tranche B Term Loans,
Tranche C Term Loans or Tranche E Term Loans, as the case may be, which have Interest Periods which will expire after such date will be in excess of the aggregate principal amount of such Tranche A Term Loans, Tranche B Term Loans, Tranche C Term
Loans or Tranche E Term Loans, as the case may be, then outstanding less the aggregate amount of such required Scheduled Repayment.”. 
  
 7. Section 3.03 of the Credit Agreement is hereby amended by inserting the following new clause (j) at the end of said Section: 
  
 “(j) In addition to any other mandatory commitment
reductions pursuant to this Section 3.03 (and in addition to the mandatory reduction to the Total Revolving Loan Commitment effected pursuant to Section I.2(ii)(a) of the Seventh Amendment), the Total Revolving Loan Commitment shall be permanently
reduced on the Seventh Amendment Effective Date by $5,000,000, with such reduction to the Total Revolving Loan Commitment to apply to reduce the Revolving Loan Commitment (and the Canadian Revolving Loan Sub-Commitment and the Non-Canadian Revolving
Loan Sub-Commitment) of each RL Bank in accordance with the requirements of Section 3.03(h).”. 
  
 8. Section 4.01 of the Credit Agreement is hereby amended by (i) deleting the text “and/or Tranche D Term Loans” appearing in the introductory
clause of said Section and inserting the text “, Tranche D Term Loans and/or Tranche E Term Loans” in lieu thereof, (ii) inserting the text “Tranche E Term Loans,” immediately after the text “Tranche D Term Loans,” the
first place such text appears in clause (i) of said Section, (iii) deleting the text “and Tranche C Term Loans” appearing in clause (vi) of said Section and inserting the text “, Tranche C Term Loans and Tranche E Term Loans” in
lieu thereof, (iv) deleting clause (viii) of said Section in its entirety and inserting the following new clause (viii) in lieu thereof: 
  
 “(viii) subject to the proviso to this clause (viii), each prepayment of Term Loans pursuant to this Section 4.01 must consist solely
of a prepayment of Tranche A Term Loans, Tranche B Term Loans, Tranche C Term Loans and Tranche E Term Loans, with such prepayment to be applied to the Tranche A Term Loans, the Tranche B Term Loans, the Tranche C Term Loans and the Tranche E Term
Loans on a pro rata basis (based upon the then outstanding principal amount of Tranche A Term Loans, Tranche B Term Loans, Tranche C Term Loans or the Tranche E Term Loans, as the case may be); provided that (A) the provisions of this
clause (viii) shall not be applicable in connection with any prepayment of Term Loans pursuant to preceding clause (vii) and (B) nothing in this clause (viii) shall prohibit (or be deemed to prohibit) the prepayment of Tranche D Term 
  

 -4- 

 Loans (without any concurrent prepayment of Term Loans of any other Tranche) in accordance with the last
sentence of this Section 4.01.”. 
  
 9. Section 4.02(b)(i) of
the Credit Agreement is hereby amended by deleting the table appearing in said Section in its entirety and inserting the following new table in lieu thereof: 
  

	 “Tranche A Scheduled Repayment Date

	  	Amount

	 
	 September 30, 2003
	  	$	2,100,000	 
	 December 31, 2003
	  	$	2,100,000	 
	 March 31, 2004
	  	$	2,100,000	 
	 June 30, 2004
	  	$	2,100,000	 
	 September 30, 2004
	  	$	2,100,000	 
	 December 31, 2004
	  	$	2,100,000	 
	 March 31, 2005
	  	$	2,400,000	 
	 A TL/RL Maturity Date
	  	$	65,318,534.10	”.

  
 10. Section 4.02(b) of
the Credit Agreement is hereby further amended by inserting the following new clause (iv) at the end of said Section: 
  
 “(iv) In addition to any other mandatory repayments or commitment reductions pursuant to this Section 4.02, on each date set forth
below, the U.S. Borrower shall be required to repay that principal amount of Tranche E Term Loans, to the extent then outstanding, as is set forth opposite such date (each such repayment, as the same may be reduced as provided in Sections 4.01 and
4.02(h), a “Tranche E Term Loan Scheduled Repayment”): 
  

	 “Tranche E Scheduled Repayment Date

	  	Amount

	 
	 September 30, 2003
	  	$	1,250,000	 
	 December 31, 2003
	  	$	1,250,000	 
	 March 31, 2004
	  	$	1,250,000	 
	 June 30, 2004
	  	$	1,250,000	 
	 September 30, 2004
	  	$	1,250,000	 
	 December 31, 2004
	  	$	1,250,000	 
	 March 31, 2005
	  	$	1,250,000	 
	 Tranche E Term Loan Maturity Date
	  	$	1,250,000	”.

  
 11. Section 4.02(h) of
the Credit Agreement is hereby amended by (x) deleting the text “and Tranche C Term Loans” in each instance appearing in said Section and inserting the 
  

 -5- 

 text “, Tranche C Term Loans and Tranche E Term Loans” in lieu thereof and (y) deleting the text “or
Tranche C Term Loans” in each instance appearing in said Section and inserting the text “, Tranche C Term Loans or Tranche E Term Loans” in lieu thereof. 
  
 12. Each of Sections 9.05(f) and 9.05(p) of the Credit Agreement is hereby amended by deleting the amount
“$5,000,000” appearing in said Section and inserting the amount “7,000,000” in lieu thereof. 
  
 13. Section 9.07 of the Credit Agreement is hereby amended by deleting clause (iii) of the proviso appearing in the first sentence of said Section in its
entirety and inserting the text “(iii) [intentionally deleted];” in lieu thereof. 
  
 14. The definition of “Applicable Margin” appearing in Section 11 of the Credit Agreement is hereby amended in its entirety to read as follows: 
  
 “Applicable Margin” initially shall mean a percentage equal to (i) in the case of Loans (other
than Tranche D Term Loans) maintained as (x) Base Rate Loans, 3.25% and (y) Eurodollar Loans, 4.25%, (ii) in the case of Tranche D Term Loans maintained as (x) Base Rate Loans, 1.00% and Eurodollar Loans, 2.00%, and (iii) in the case of the
Commitment Fee, 0.50%. It is understood and agreed that the new “Applicable Margins” included in the first sentence of this definition pursuant to the Seventh Amendment shall be effective for all purposes of this Agreement on and after the
Seventh Amendment Effective Date but not for periods prior to the Seventh Amendment Effective Date.”. 
  
 15. The definition of “A TL/RL Maturity Date” appearing in Section 11 of the Credit Agreement is hereby amended by deleting the text “June
9, 2004” appearing in said definition and inserting the text “June 9, 2005” in lieu thereof. 
  
 16. The definition of “Consolidated Current Assets” appearing in Section 11 of the Credit Agreement is hereby amended by inserting the text
“plus the long-term insurance deposits of Holdings and its Subsidiaries at such time, in each case” immediately after the text “Holdings and its Subsidiaries” appearing in said definition. 
  
 17. The definition of “Consolidated Current Liabilities” appearing
in Section 11 of the Credit Agreement is hereby amended by inserting the text “and adding thereto the long-term pension liabilities of Holdings and its Subsidiaries determined on a consolidated basis” immediately prior to the period at the
end of said definition. 
  
 18. The definition of “Final
Maturity Date” appearing in Section 11 of the Credit Agreement is hereby amended by (i) deleting the word “or” appearing in said definition and inserting a comma in lieu thereof and (ii) inserting the text “or the Tranche E Term
Loan Maturity Date” immediately following the text “the Tranche D Term Loan Maturity Date” appearing in said definition. 
  
 19. The definition of “Loan” appearing in Section 11 of the Credit Agreement is hereby amended by inserting the text “each Tranche E Term
Loan,” immediately following the 
  

 -6- 

 text “each Tranche D Term Loan,” appearing in said definition. 
  
 20. The definition of “Minimum Borrowings Amount” appearing in
Section 11 of the Credit Agreement is hereby amended by inserting the following parenthetical immediately after the text “$5,000,000” appearing in clause (ii) of said definition: 
  
 “(or, in the case of Tranche E Term Loans, $1,000,000)”.

  
 21. The definition of “Note” appearing in Section 11
of the Credit Agreement is hereby amended by inserting the text “each Tranche E Term Note,” immediately following the text “each Tranche D Term Note,” appearing in said definition. 
  
 22. The definition of “Scheduled Repayment” appearing in Section 11
of the Credit Agreement is hereby amended by (i) deleting the text “and/or” appearing in said definition and inserting a comma in lieu thereof and (ii) inserting the text “and/or the Tranche E Term Loan Scheduled Repayment”
immediately following the text “the Tranche C Term Loan Scheduled Repayment” appearing in said definition. 
  
 23. The definition of “Sub-Tranche” appearing in Section 11 of the Credit Agreement is hereby amended by (i) deleting the word “and”
appearing at the end of clause (v) of said definition inserting a comma in lieu thereof and (ii) inserting the following text immediately after clause (vi) appearing in said definition: 
  
 “and (vii) the Tranche E Term Loans”. 
  
 24. The definition of “Term Loans” appearing in Section 11 of the Credit Agreement is hereby amended by (i)
deleting the word “and” appearing after the text “Tranche C Term Loans” appearing in said definition and inserting a comma in lieu thereof and (ii) inserting the text “and Tranche E Term Loans” immediately following the
text “Tranche D Term Loans” appearing in said definition. 
  
 25. The definition of “Tranche” appearing in Section 11 of the Credit Agreement is hereby amended by (i) deleting the word “six” appearing in said definition and inserting the word “seven” in lieu thereof and
(ii) inserting the text “Tranche E Term Loans,” immediately following the text “Tranche D Term Loans,” appearing in said definition. 
  
 26. Section 11 of the Credit Agreement is hereby further amended by (i) deleting the definition of “Consultant’s Engagement Letter”
appearing in said Section in its entirety and (ii) inserting in the appropriate alphabetical order the following new definitions: 
  
 “Consultant’s Engagement Letter” shall mean, collectively, (i) that certain Engagement Letter, dated as of November 7,
2001, among Holdings, the Canadian Borrower, the Administrative Agent, White & Case LLP and CDG and (ii) that certain Engagement Letter, dated as of March 12, 2003, among Holdings, the Borrowers, the Administrative Agent, White & Case LLP
and CDG. 
  
 “Seventh Amendment” shall
mean the Seventh Amendment to Credit Agreement, 
  

 -7- 

 dated as of August 7, 2003. 
  
 “Seventh Amendment Effective Date” shall have the meaning provided in Part III, Section 5 of the
Seventh Amendment. 
  
 “Tranche E Term
Loan” shall have the meaning provided in Section I.2 of the Seventh Amendment. 
  
 “Tranche E Term Loan Maturity Date” shall mean June 9, 2005. 
  
 “Tranche E Term Loan Scheduled Repayment” shall have the meaning provided in Section 4.02(b)(iv).

  
 “Tranche E Term Note” shall have
the meaning provided in Section 1.05(a)(viii). 
  
 27. Section
13.15 of the Credit Agreement is hereby amended by adding the following new subsections (c) and (d) immediately after subsection (b) of said Section: 
  
 “(c) Each Credit Agreement Party hereby represents and acknowledges that, to the best of its knowledge, neither any Agent nor any
Bank, nor any employees or agents of, or other persons affiliated with, any Agent or any Bank, have directly or indirectly made or provided any statement (oral or written) to such Credit Agreement Party or to any of its employees or agents, or other
persons affiliated with or related to such Credit Agreement Party (or, so far as such Credit Agreement Party is aware, to any other Person), as to the potential tax consequences of the transactions contemplated hereby or contemplated in any other
Credit Document. 
  
 (d) Neither the Agents nor
the Banks provide accounting, tax or legal advice. Notwithstanding any express or implied claims of exclusivity or proprietary rights, each Credit Agreement Party, each Agent and each Bank hereby agree and acknowledge that each Credit Agreement
Party, each Agent and each Bank (and each of their employees, representatives or other agents) are authorized to disclose to any and all persons, beginning immediately upon commencement of their discussions and without limitation of any kind, the
tax treatment and tax structure of the transactions contemplated hereby or contemplated in any other Credit Document, and all materials of any kind (including opinions or other tax analyses) that are provided to any Credit Agreement Party, any Agent
or any Bank relating to such tax treatment and tax structure. In this regard, each Credit Party, each Agent and each Bank acknowledge and agree that the disclosure of the tax treatment and tax structure of the transactions contemplated hereby or
contemplated in any other Credit Document is not limited in any way by an express or implied understanding or agreement, oral or written (whether or not such understanding or agreement is legally binding). For purposes of this authorization,
“tax” means United States Federal income tax, “tax treatment” means the purported or claimed Federal income tax treatment of the transactions contemplated hereby or contemplated in any other Credit Document, and “tax
structure” means any fact that may be relevant to understanding the purported or claimed Federal income tax treatment of the of the 
  

 -8- 

 transactions contemplated hereby or contemplated in any other Credit Document. This paragraph is intended
to reflect the understanding of each Credit Agreement Party, each Agent and each Bank that the transactions contemplated hereby or contemplated in any other Credit Document is not a “confidential transaction” as that phrase is used in
Treasury Regulation § 1.6011-4(b)(3)(i), and shall be interpreted in a manner consistent therewith. Nothing herein is intended to imply that any of each Credit Agreement Party, each Agent and each Bank made or provided a statement, oral or
written, to, or for the benefit of, any of each other as to any potential tax consequences that are related to, or may result from, the transactions contemplated hereby or contemplated in any other Credit Document.”. 
  
 28. The Credit Agreement is hereby further amended by adding Exhibit B-9
thereto (Form of Tranche E Term Note) in the form of Exhibit B-9 attached hereto. 
  
 29. Exhibit L to the Credit Agreement (Form of Assignment and Assumption Agreement) is hereby amended by deleting such Exhibit in its entirety and inserting in lieu thereof a new Exhibit L in the form of
Exhibit L attached hereto. 
  

	II.	 	Acknowledgments and Agreements by Subsidiary Guarantors. 

  
 1. Each Subsidiary Guarantor hereby consents to the entering into of this Amendment and agrees to the provisions herein (including (i) the extension of
the final stated maturity of Tranche A Term Loans and Revolving Loans resulting from the amendments to the definition of A TL/RL Maturity Date contained in Section 11 of the Credit Agreement and (ii) the conversion of certain Revolving Loans to
Tranche E Term Loans as set forth herein). 
  

	III.	 	Miscellaneous Provisions. 

  
 1. In order to induce the Banks to enter into this Amendment, each of Holdings, the U.S. Borrower and the Canadian Borrower hereby represents and warrants
that: 
  
 (a) no Default or Event of Default
exists as of the Seventh Amendment Effective Date, both immediately before and after giving effect to this Amendment; and 
  
 (b) all of the representations and warranties contained in the Credit Agreement or the other Credit Documents are true and correct in all
material respects on the Seventh Amendment Effective Date both immediately before and after giving effect to this Amendment, with the same effect as though such representations and warranties had been made on and as of the Seventh Amendment
Effective Date (it being understood that any representation or warranty made as of a specific date shall be true and correct in all material respects as of such specific date). 
  
 2. This Amendment is limited as specified and shall not constitute a modification, acceptance or waiver of any other
provision of the Credit Agreement or any other Credit Document. 
  

 -9- 

 3. This Amendment may be executed in any number of counterparts and by the different parties hereto on
separate counterparts, each of which counterparts when executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. A complete set of counterparts shall be lodged with the U.S. Borrower and the
Administrative Agent. 
  
 4. THIS AMENDMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 
  
 5. This Amendment shall become effective on the date (the “Seventh Amendment Effective Date”) when each of the following conditions shall have
been met: 
  
 (i) the Administrative Agent shall
have received for the account of each Bank holding a Tranche E Term Loan requesting same a Tranche E Term Note, in the amount, maturity and as otherwise provided in this Amendment and Section 1.05 of the Credit Agreement (as amended hereby);

  
 (ii) the Borrowers shall have paid to the
Administrative Agent and the Banks all fees, costs and expenses (including, without limitation, legal fees and expenses) payable to the Administrative Agent and the Banks to the extent then due; 
  
 (iii) Holdings, the U.S. Borrower, the Canadian Borrower,
each Subsidiary Guarantor, the Administrative Agent, the Required Banks and each RL Bank and each Bank holding outstanding Tranche A Term Loans shall have signed a counterpart hereof (whether the same or different counterparts) and shall have
delivered (including by way of facsimile transmission) the same to the Administrative Agent at its Notice Office; 
  
 (iv) the Administrative Agent shall have received from Holdings, each Borrower and each Subsidiary Guarantor true and correct certified
copies of resolutions of the Board of Directors of such Person with respect to the transactions contemplated by this Amendment (including the extension of the final stated maturity of the relevant Tranches of Loans), and such resolutions shall in
form and substance reasonably satisfactory to the Administrative Agent; 
  
 (v) the Borrowers shall have paid to the Administrative Agent for the prorata distribution to the RL Banks the amount of all accrued and unpaid interest on the Revolving Loans being converted into
Tranche E Term Loans through the Seventh Amendment Effective Date; and 
  
 (vi) the Administrative Agent shall have received from each of (x) O’Melveny & Myers LLP, special New York counsel to the Credit Parties, and (y) Robert Kasak, special counsel to the Credit Parties, an
opinion addressed to each Agent, the Collateral Agent and each of the Banks and dated the Seventh Amendment Effective Date, which opinions shall, in each case, cover such matters incident to this Amendment as the Administrative Agent may reasonably
request and otherwise be in form and substance 
  

 -10- 

 reasonably satisfactory to the Administrative Agent. 
  
 Upon the occurrence of the Seventh Amendment Effective Date, the Administrative Agent shall
give notice to the Banks of the occurrence of the same. 
  
 6. So
long as the Seventh Amendment Effective Date occurs, the U.S. Borrower shall pay to each Bank which has executed a counterpart of the Seventh Amendment on or prior to 5:00 P.M. (New York time) on the later to occur of August 7, 2003 or the Seventh
Amendment Effective Date, or (without duplication) which is an immediate or successive assignee of any Bank described above (with respect to amounts obtained, directly or indirectly, by assignment of such Bank), a consent fee equal to the sum of (A)
0.375% of the sum of (x) such Bank’s Revolving Loan Commitment as in effect on the Seventh Amendment Effective Date (after giving effect to the reduction of the Total Revolving Loan Commitment on such date pursuant to Section 3.03(j) of the
Credit Agreement (as amended hereby) and Section 2 of Part I of this Amendment) and (y) the aggregate principal amount of such Bank’s Tranche A Term Loans and Tranche E Term Loans outstanding on the Seventh Amendment Effective Date (after
giving effect to the Tranche E Term Loan Conversion on such date pursuant to Section 2 of Part I of this Amendment) and (B) 0.15% of the aggregate principal amount of such Bank’s Tranche B Term Loans and Tranche C Term Loans outstanding on the
Seventh Amendment Effective Date. All fees payable pursuant to the immediately preceding sentence shall be paid to the Administrative Agent within one Business Day after the later date specified in the immediately preceding sentence, which fees
shall be distributed by the Administrative Agent to the relevant Banks in the amounts specified in the immediately preceding sentence. 
  
 7. From and after the Seventh Amendment Effective Date, all references in the Credit Agreement and each of the other Credit Documents to the Credit
Agreement shall be deemed to be references to the Credit Agreement as modified hereby. 
  
 *        *        * 
  
  

 -11- 

 IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute and deliver
this Amendment as of the date first above written. 
  

	 QUALITY DISTRIBUTION, INC. (f/k/a MTL,
INC.)

		
	 By:
	 	 /s/ Thomas L. Finkbiner

	 	 	 Title:
	 	 President

	
	  
 QUALITY DISTRIBUTION, LLC

		
	 By:
	 	 /s/ Thomas L. Finkbiner

	 	 	 Title:
	 	 President

	
	 LEVY TRANSPORT LTD./LEVY TRANSPORT
LTEE

		
	 By:
	 	 /s/ Thomas L. Finkbiner

	 	 	 Title:
	 	 President

	
	  
 CREDIT SUISSE FIRST BOSTON, Individually and as Administrative Agent

		
	 By:
	 	 /s/ Robert Hetu

	 	 	 Title:
	 	 Director

		
	 By:
	 	  

	 	 	 Title:
	 	 

	 DEUTSCHE BANK TRUST COMPANY AMERICAS, Individually and as Syndication Agent
  

		
	 By:
	 	 /s/ Marguerite Sutton

	 	 	 Title:
	 	 Vice President
  
  
  

	 APEX (IDM) CDO I, LTD.
  
 By: David L. Babson & Company Inc.
 as Collateral Manager
  

		
	 By:
	 	 /s/ Russell D. Morrison

	 	 	 Title:
	 	 Managing Director
  
  
  

	 ARCHIMEDES FUNDING, LLC.
  
 By: ING Capital Advisors LLC,
 as Collateral Manager
  

		
	 By:
	 	 /s/ Steven Gorski

	 	 	 Title:
	 	 Director
  
  
  

  

	 ARCHIMEDES FUNDING II, LTD.

 
 By: ING Capital Advisors LLC,
 as Collateral Manager
  

		
	 By:
	 	 /s/ Steven Gorski

	 	 	 Title:
	 	 Director
  
  
  

	 ARCHIMEDES FUNDING III, LTD.

 
 By: ING Capital Advisors LLC,
 as Collateral Manager
  

		
	 By:
	 	 /s/ Steven Gorski

	 	 	 Title:
	 	 Director
  
  
  

  

	 BALANCED HIGH-YIELD FUND
II, LTD.
  
 By: ING Capital Advisors LLC,
 as Asset Manager
  

		
	 By:
	 	 /s/ Steven Gorski

	 	 	 Title:
	 	 Director
  
  
  

	 BANK AUSTRIA CREDITANSTALT CORPORATE
 FINANCE, INC.
  

		
	 By:
	 	 /s/ James T. Li

	 	 	 Title:
	 	 Associate Director
  
  

		
	 By:
	 	 /s/ Elizabeth Tallmadge

	 	 	 Title:
	 	 Managing Director
 Chief Investment
Officer
  
  
  

	 THE BANK OF NOVA SCOTIA
  

		
	 By:
	 	 /s/ Illegible Signature

	 	 	 Title:
	 	 Managing Director
  
  
  

  

	 BANK OF TOKYO-MITSUBISHI TRUST
COMPANY
  

		
	 By:
	 	 /s/ Christina T. Schoen

	 	 	 Title:
	 	 Vice President
  
  
  

	 Sankaty Advisors, Inc., as Collateral
 Manager for Brant Point CBO
 1999-1 LTD., as Term Lender
  

		
	 By:
	 	 /s/ Diane J. Exter

	 	 	 Title:
	 	 Managing Director
 Portfolio
Manager
  
  
  

  

	 Sankaty Advisors, LLC, as Collateral
 Manager for Brant Point II CBO
 2000-1 LTD., as Term Lender
  

		
	 By:
	 	 /s/ Diane J. Exter

	 	 	 Title:
	 	 Managing Director
 Portfolio
Manager
  
  
  

  

	 CENTURION CDO II, LTD.
 By: American Express Asset Management
 Group, Inc. as Collateral Manager
  

		
	 By:
	 	 /s/ Leanne Stavrakis

	 	 	 Title:
	 	 Director-Operations
  
  
  

  

	 CITICORP USA, INC.
  

		
	 By:
	 	 /s/ Susan McManigal

	 	 	 Title:
	 	 Attoney-In-Fact
  
  
  

  

	 COMERICA BANK
  

		
	 By:
	 	 /s/ Jeffrey E. Peck

	 	 	 Title:
	 	 Vice President
  
  
  

  

	 ELC (CAYMAN) LTD. 1999-II
  
 By: David L. Babson & Company Inc.
 as Collateral Manager
  

		
	 By:
	 	 /s/ Russell D. Morrison

	 	 	 Title:
	 	 Managing Director
  
  
  

	 ELC (CAYMAN) LTD. 1999-III
  
 By: David L. Babson & Company Inc.
 as Collateral Manager
  

		
	 By:
	 	 /s/ Russell D. Morrison

	 	 	 Title:
	 	 Managing Director
  
  
  

  
  

	 ELC (CAYMAN) LTD. CDO SERIES
1999-I
  
 By: David L. Babson & Company Inc.
 as Collateral Manager
  

		
	 By:
	 	 /s/ Russell D. Morrison

	 	 	 Title:
	 	 Managing Director
  
  
  

  

	 ELC (CAYMAN) LTD.
  
 By: David L. Babson & Company Inc.
 as Collateral Manager
  

		
	 By:
	 	 /s/ Russell D. Morrison

	 	 	 Title:
	 	 Managing Director
  
  
  

  

	 ELC (CAYMAN) LTD. 2000-I
  
 By: David L. Babson & Company Inc.
 as Collateral Manager
  

		
	 By:
	 	 /s/ Russell D. Morrison

	 	 	 Title:
	 	 Managing Director
  
  
  

  

	 Sankaty Advisors, LLC as Collateral
 Manager for Great Point CLO 1999-I LTD,
 as Term Lender
  

		
	 By:
	 	 /s/ Diane J. Exter

	 	 	 Title:
	 	 Managing Director
 Portfolio
Manager
  
  
  

  

	 UNICREDITO ITALIANO S.P.A.
  
 New York Branch
  

		
	 By:
	 	 /s/ Christopher J. Eldin

	 	 	 Title:
	 	 FVP & Deputy Manager
  
  

		
	 By:
	 	 /s/ Saived A. Abbas

	 	 	 Title:
	 	 Vice President
  
  
  

  

	 TEXTRON FINANCIAL CORPORATION
  

		
	 By:
	 	 /s/ Mathew J Colgan

	 	 	 Title:
	 	 Vice President
  
  
  

  

	 Smoky River CDO, L.P.,
 By RBC
Leveraged Capital as Portfolio Advisor
  

		
	 By:
	 	 /s/ Melissa Marano

	 	 	 Title:
	 	 Partner
  
  
  

  

	 Sequils - Centurion V, Ltd.
 By:
American Express Asset
 Management Group, Inc.
 as Collateral
Manager
  

		
	 By:
	 	 /s/ Leanne Stavrakis

	 	 	 Title:
	 	 Director-Operations
  
  
  

  

	 Sankaty High Yield Partners III, L.P.
  

		
	 By:
	 	 /s/ Diane J. Exter

	 	 	 Title:
	 	 Managing Director
 Portfolio
Manager
  
  
  

  

	 Sankaty High Yield Partners II, L.P.
  

		
	 By:
	 	 /s/ Diane J. Exter

	 	 	 Title:
	 	 Managing Director
 Portfolio
Manager
  
  
  

  

	 HARBOUR TOWN FUNDING LLC
  

		
	 By:
	 	 /s/ Diana M. Himes

	 	 	 Title:
	 	 Assistant Vice President
  
  
  

  

	 Indosuez Capital Funding IIA, Limited
 by Indosuez Capital, as Portfolio Advisor
  

		
	 By:
	 	 /s/ Andrew Brady

	 	 	 Title:
	 	 Vice President
  
  
  

  

	 Indosuez Capital Funding III, Limited
 by Indosuez Capital, as Portoflio Advisor
  

		
	 By:
	 	 /s/ Andrew Brady

	 	 	 Title:
	 	 Vice President
  
  
  

  

	 KZH CYPRESSTREE-1 LLC 
  

		
	 By:
	 	 /s/ Virginia Conway

	 	 	 Title:
	 	 Authorized Agent
  
  
  

  

	 KZH ING-2 LLC
  

		
	 By:
	 	 /s/ Virginia Conway

	 	 	 Title:
	 	 Authorized Agent
  
  
  

  

	 KZH STERLING LLC
  

		
	 By:
	 	 /s/ Virginia Conway

	 	 	 Title:
	 	 Authorized Agent
  
  
  

  

	 LASALLE BANK NATIONAL ASSOCIATION 
  

		
	 By:
	 	 /s/ Stefan R. Loeb

	 	 	 Title:
	 	 Corporate Banking Officer
  
  
  

  

	 LONG LANE MASTER TRUST IV
 By Fleet National Bank
 as Trust Administrator
  
 [NAMES OF OTHER LENDERS]
  

		
	 By:
	 	 /s/ Roger Ackerman

	 	 	 Title:
	 	 Director
  
  
  

  

	 MORGAN STANLEY PRIME INCOME TRUST
  

		
	 By:
	 	 /s/ Sheila A. Finnerty

	 	 	 Title:
	 	 Executive Director
  
  
  

  

	 PB CAPITAL CORPORATION
  

		
	 By:
	 	 /s/ Christopher J. Ruzzi

	 	 	 Title:
	 	 Vice President
  
  
  

  

	 PB CAPITAL CORPORATION
  

		
	 By:
	 	 /s/ Lisa Moraglia

	 	 	 Title:
	 	 Assistant Vice President
  
  
  

  

	 Sankaty Advisors, LLC as Collateral
 Manager for Race Point CLO, Limited
 as Term Lender
  

		
	 By:
	 	 /s/ Diane Exter

	 	 	 Title:
	 	 Managing Director
 Portfolio
Manager
  
  
  

	 [NAMES OF OTHER LENDERS]

		
	 By:
	 	 /s/ Peter Bancs

	 Title:
	 	 Senior Manager
 Royal Bank of Canada

 Each of the undersigned, each being a U.S. Subsidiary Guarantor under, and as defined in, the Credit
Agreement referenced in the foregoing Seventh Amendment, hereby consents to the entering into of the Seventh Amendment and agrees to the provisions thereof (including Part II thereof). 
  

	 AMERICAN TRANSINSURANCE GROUP, INC.

	 CHEMICAL LEAMAN CORPORATION
ENVIROPOWER,
INC.

	 FLEET TRANSPORT COMPANY, INC.

	 MEXICO INVESTMENTS, INC.

	 POWER PURCHASING, INC.

	 QD CAPITAL CORPORATION
QUALITY CARRIERS,
INC.

	 QSI SERVICES, INC.

		
	 By:
	 	 /s/ Thomas L. Finkbiner

	 	 	 Title:
	 	 President

	
	  
 QUALA SYSTEMS, INC.

	TRANSPLASTICS, INC.
		
	 By:
	 	 /s/ Thomas L. Finkbiner

	 Title:
	 	 President

	
	  
 MTL
OF NEVADA

		
	 By:
	 	 /s/ Diane Hettinger

	 Title:
	 	 President

 Each of the undersigned, each being a Canadian Subsidiary Guarantor under, and as defined in, the Credit
Agreement referenced in the foregoing Seventh Amendment, hereby consents to the entering into of the Seventh Amendment and agrees to the provisions thereof (including Part II thereof). 
  

	 MTL INVESTMENTS, INC.

		
	 By:
	 	 /s/ Thomas L. Finkbiner

	 Title:
	 	 President

 Each of the undersigned, each being a Mexican Subsidiary Guarantor under, and as defined in, the Credit
Agreement referenced in the foregoing Seventh Amendment, hereby consents to the entering into of the Seventh Amendment and agrees to the provisions thereof (including Part II thereof). 
  

	 MTL DE MEXICO

		
	 By:
	 	 /s/ Robert Kasak

	 Title:
	 	 Corp. Secretary/Attorney in Fact

 EXHIBIT B-9 
  

FORM OF TRANCHE E TERM NOTE 
  

	 $                         
	 New York, New York 

  
                  ,      

 
 FOR VALUE RECEIVED, QUALITY DISTRIBUTION, LLC, a Delaware limited
liability company (the “U.S. Borrower”), hereby promises to pay to the order of                  or its registered assigns (the “Bank”), in
lawful money of the United States of America in immediately available funds, at the Payment Office (as defined in the Agreement referred to below) initially located at 11 Madison Avenue, New York, York 10010 on the Tranche E Term Loan Maturity Date
(as defined in the Agreement) the principal sum of
                                     U.S. DOLLARS
($                    ) or, if less, the unpaid principal amount of all Tranche E Term Loans (as defined in the Agreement) made by the Bank
pursuant to the Agreement payable at such times and in such amounts as are specified in the Agreement. 
  
 The U.S. Borrower promises to pay interest on the unpaid principal amount of each Tranche E Term Loan made by the Bank in like money at said office from
the date hereof until paid at the rates and at the times provided in Section 1.08 of the Agreement. 
  
 This Note is one of the Tranche E Term Notes referred to in the Credit Agreement, dated as of June 9, 1998 and amended and restated as of August 28, 1998,
among Quality Distribution, Inc. (f/k/a MTL, Inc.), the U.S. Borrower, Levy Transport Ltd./Levy Transport Ltee, the financial institutions from time to time party thereto (including the Bank), Lasalle Bank National Association, The Bank of Nova
Scotia, PB Capital Corp. (f/k/a BHF-Bank Aktiengesellschaft), Bank Austria Creditanstalt Corporate Finance, Inc. (f/k/a Creditanstalt Corporate Finance, Inc.) and Royal Bank of Canada, as Co-Agents, Salomon Brothers Holding Company Inc, as
Documentation Agent, Deutsche Bank Trust Company Americas (f/k/a Bankers Trust Company), as Syndication Agent, and Credit Suisse First Boston, as Administrative Agent (as so amended and restated and as the same may be further amended, amended and
restated, modified and/or supplemented from time to time, the “Agreement”) and is entitled to the benefits thereof and of the other Credit Documents (as defined in the Agreement). This Note is secured by the U.S. Security Documents (as
defined in the Agreement) and is entitled to the benefits of the U.S. Subsidiaries Guaranty (as defined in the Agreement). As provided in the Agreement, this Note is subject to voluntary prepayment and mandatory repayment prior to the Tranche E Term
Loan Maturity Date, in whole or in part, and Tranche E Term Loans may be converted from one Type (as defined in the Agreement) into another Type to the extent provided in the Agreement. 
  
 In case an Event of Default (as defined in the Agreement) shall occur and be continuing, the principal of and accrued
interest on this Note may be declared to be due and payable in the manner and with the effect provided in the Agreement. 
  
 The U.S. Borrower hereby waives presentment, demand, protest or notice of any kind in connection with this Note. 

 Exhibit B-9 
 Page 2 
  
 THIS NOTE SHALL BE
CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 
  

	QUALITY DISTRIBUTION, LLC
		
	 By:
	 	

	 	 	 Name:

	 	 	 Title:

  

 EXHIBIT L 
  

FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT 
  
 DATE:                     ,
             
  
 Reference is made to the Credit Agreement described in Item 2 of Annex I annexed hereto (as such Credit Agreement may hereafter be amended, modified or supplemented from time to time, the “Credit
Agreement”). Unless defined in Annex I attached hereto, terms defined in the Credit Agreement are used herein as therein defined.
                         (the “Assignor”) and
                         (the “Assignee”) hereby agree as follows: 
  
 1. The Assignor hereby sells and assigns to the Assignee without recourse and
without representation or warranty (other than as expressly provided herein), and the Assignee hereby purchases and assumes from the Assignor, that interest in and to all of the Assignor’s rights and obligations under the Credit Agreement as of
the date hereof which represents the percentage interest specified in Item 4 of Annex I (the “Assigned Share”) of all of the outstanding rights and obligations under the Credit Agreement relating to the Tranches indicated in Item 4 of
Annex I, including, without limitation, (i) in the case of any assignment of all or any portion of outstanding Tranche A Term Loans, all rights and obligations with respect to the Assigned Share of all then outstanding Tranche A Term Loans, (ii) in
the case of any assignment of all or any portion of outstanding Tranche B Term Loans, all rights and obligations with respect to the Assigned Share of all then outstanding Tranche B Term Loans, (iii) in the case of any assignment of all or any
portion of outstanding Tranche C Term Loans, all rights and obligations with respect to the Assigned Share of all then outstanding Tranche C Term Loans, (iv) in the case of any assignment of all or any portion of outstanding Tranche D Term Loans,
all rights and obligations with respect to the Assigned Share of all then outstanding Tranche D Term Loans and, (v) in the case of any assignment of all or any portion of outstanding Tranche E Term Loans, all rights and obligations with respect to
the Assigned Share of all then outstanding Tranche E Term Loans and (vi) in the case of any assignment of all or any portion of the Total Revolving Loan Commitment, all rights and obligations with respect to (x) the Assigned Share of the Total
Revolving Loan Commitment, (y) the Assigned Share or Shares, as the case may be, of the related Canadian Revolving Loan Sub-Commitment and/or Non-Canadian Revolving Loan Sub-Commitment (it being understood that the aggregate amount of the assigned
portion of the Canadian Revolving Loan Sub-Commitment and/or Non-Canadian Revolving Loan Sub-Commitment must equal the amount of the assigned Revolving Loan Commitment) and (z) the Assigned Share of all then outstanding Revolving Loans and Letters
of Credit. After giving effect to such sale and assignment, the Assignee’s Revolving Loan Commitment, Canadian Revolving Loan Sub-Commitment and/or Non-Canadian Revolving Loan Sub-Commitment and the amount of the outstanding Tranche A Term
Loans, Tranche B Term Loans, Tranche C Term Loans, Tranche D Term Loans and/or Tranche E Term Loans owing to the Assignee will be as set forth in Item 4 of Annex I. 
  
 2. The Assignor (i) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it
hereunder and that such interest is free and clear of any adverse claim; (ii) makes no representation or warranty and assumes no responsibility with 
  

 Exhibit L 
 Page 2 
  
 respect to any statements, warranties
or representations made in or in connection with the Credit Agreement or the other Credit Documents or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or the other Credit Documents or any
other instrument or document furnished pursuant thereto; and (iii) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the U.S. Borrower or any of its Subsidiaries or the performance or
observance by the U.S. Borrower or any of its Subsidiaries of any of its obligations under the Credit Agreement or the other Credit Documents or any other instrument or document furnished pursuant thereto. 
  
 3. The Assignee (i) represents and warrants that it is duly authorized to
enter into and perform the terms of this Assignment and Assumption Agreement; (ii) confirms that it has received a copy of the Credit Agreement and the other Credit Documents, together with copies of the financial statements referred to therein and
such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption Agreement; (iii) agrees that it will, independently and without reliance upon the
Documentation Agent, the Syndication Agent, the Administrative Agent, the Assignor or any other Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not
taking action under the Credit Agreement; (iv) appoints and authorizes the Documentation Agent, the Syndication Agent, the Administrative Agent and the Collateral Agent to take such action as agent on its behalf and to exercise such powers under the
Credit Agreement and the other Credit Documents as are delegated to the Documentation Agent, the Syndication Agent, the Administrative Agent and the Collateral Agent by the terms thereof, together with such powers as are reasonably incidental
thereto; (v) confirms that it is a parent company and/or an affiliate of the Assignor or an Eligible Transferee under Section 13.04(b) of the Credit Agreement; (vi) in the event the Assignee is purchasing outstanding Tranche D Term Loans pursuant to
this Assignment and Assumption Agreement, agrees to be bound by, and subject to the applicable terms of, the Put and Call Agreement as a “Tranche D Bank”; [and] (vii) agrees that it will perform in accordance with their terms all of the
obligations which by the terms of the Credit Agreement are required to be performed by it as a Bank[; and (viii) attaches the forms described in Section 13.04(b) of the Credit Agreement].1 
  
 4. Following the execution of this Assignment and Assumption Agreement by the Assignor and the Assignee, an executed original hereof (together with all attachments) will be delivered to the Administrative Agent. The
effective date of this Assignment and Assumption Agreement shall be (x) the date upon which all of the following conditions have been satisfied: (i) the execution hereof by the Assignor and the Assignee, (ii) the consent hereto by the Administrative
Agent, the U.S. Borrower and each Letter of Credit Issuer to the extent required by Section 13.04(b) of the Credit Agreement, (iii) the receipt by the Administrative Agent of the assignment fee referred to in Section 13.04(b) of the Credit
Agreement, and (iv) the recordation of the assignment effected hereby on the Register by the Administrative Agent as provided in 

	1	 	If the Assignee is a U.S. Bank organized under the laws of a jurisdiction outside the United States. 

  

 Exhibit L 
 Page 3 
  
 Section 13.17 of the Credit Agreement,
or (y) such later date as is otherwise specified in Item 5 of Annex I hereto (the “Settlement Date”). 
  
 5. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Settlement Date, (i) the Assignee shall be a party to the
Credit Agreement and, to the extent provided in this Assignment and Assumption Agreement, have the rights and obligations of a Bank thereunder and under the other Credit Documents and (ii) the Assignor shall, to the extent provided in this
Assignment and Assumption Agreement, relinquish its rights and be released from its obligations under the Credit Agreement and the other Credit Documents. 
  
 6. It is agreed that upon the effectiveness hereof, the Assignee shall be entitled to (w) all interest on the Assigned Share of the outstanding Tranche A
Term Loans, Tranche B Term Loans, Tranche C Term Loans, Tranche D Term Loans, Tranche E Term Loans and/or Revolving Loans at the rates specified in Item 6 of Annex I, (y) all Commitment Fees (if applicable) on the Assigned Share of the Total
Revolving Loan Commitment at the rate specified in Item 7 of Annex I and (z) all Letter of Credit Fees (if applicable) on the Assignee’s participation in all Letters of Credit at the rate specified in Item 8 of Annex I, which, in each case,
accrue on and after the Settlement Date, such interest and, if applicable, Commitment Fees and Letter of Credit Fees, to be paid by the Administrative Agent, upon receipt thereof from the respective Borrower or Borrowers directly to the Assignee. It
is further agreed that all payments of principal made on the Assigned Share of the outstanding Tranche A Term Loans, Tranche B Term Loans, Tranche C Term Loans, Tranche D Term Loans, Tranche E Term Loans and/or Revolving Loans which occur on and
after the Settlement Date will be paid directly by the Administrative Agent to the Assignee. Upon the Settlement Date, the Assignee shall pay to the Assignor an amount specified by the Assignor in writing which represents the Assigned Share of the
principal amount of the Tranche A Term Loans, Tranche B Term Loans, Tranche C Term Loans, Tranche D Term Loans, Tranche E Term Loans and/or Revolving Loans which are outstanding on the Settlement Date, net of any closing costs. The Assignor and the
Assignee shall make all appropriate adjustments in payments under the Credit Agreement for periods prior to the Settlement Date directly between themselves. 
  
 7. THIS ASSIGNMENT AND ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

 

 Exhibit L 
 Page 4 
  
 IN WITNESS WHEREOF, the
parties hereto have caused this Assignment and Assumption Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written, such execution also being made on Annex I hereto. 
  

	 [NAME OF ASSIGNOR],
 as Assignor

		
	 By:
	 	

	 	 	 Name:

	 	 	 Title:

	
	 [NAME OF ASSIGNEE],
 as Assignee

		
	 By:
	 	

	 	 	 Name:

	 	 	 Title:

  
 Acknowledged and Agreed: 
  
 [CREDIT SUISSE FIRST BOSTON, 
 as Administrative Agent

  

		
	 By:
	 	

	 	 	 Name:

	 	 	 Title:

	
	 QUALITY DISTRIBUTION, LLC

		
	 By:
	 	

	 	 	 Name:

	 	 	 Title:]2

  
  

	2	 	The consent of each of the Administrative Agent and, so long as no Default or Event of Default is then in existence, the U.S. Borrower is required in connection with
any assignment to an Eligible Transferee pursuant to clause (y) of Section 13.04(b) of the Credit Agreement (which consent, in either case, shall not be unreasonably withheld or delayed). 

  

 Exhibit L 
 Page 5 
  

	
	 [NAME OF EACH LETTER
OF CREDIT ISSUER,
 as Letter of Credit Issuer

		
	 By:
	 	                                      
                                        
  ]3
	 	 	 Name:

	 	 	 Title:

  
  

	3	 	The consent of each Letter of Credit Issuer is required in connection with any assignment of Non-Canadian Revolving Loan Sub-Commitments to an Eligible Transferee
pursuant to clause (y) of Section 13.04(b) of the Credit Agreement (which consent shall not be unreasonably withheld or delayed). 

  

 ANNEX I 
  
 ANNEX TO ASSIGNMENT AND ASSUMPTION AGREEMENT 
  

			
	1.	 	The Borrowers:	  	Quality Distribution, LLC (the “U.S. Borrower”) and Levy Transport Ltd./Levy Transport Ltee (the “Canadian Borrower” and, together with the U.S. Borrower, the
“Borrowers”)
		
	2.	 	Name and Date of Credit Agreement:
			
	 	 	 	  	 Credit Agreement, dated as of June 9, 1998 and amended and restated as of August 28, 1998, among Quality Distribution, Inc. (f/k/a MTL, Inc.), the
Borrowers, the Banks from time to time party thereto, Lasalle Bank National Association, The Bank of Nova Scotia, PB Capital Corp. (f/k/a BHF-Bank Aktiengesellschaft), Bank Austria Creditanstalt Corporate Finance, Inc. (f/k/a Creditanstalt Corporate
Finance, Inc.) and Royal Bank of Canada, as Co-Agents, Salomon Brothers Holding Company Inc, as Documentation Agent, Deutsche Bank Trust Company Americas (f/k/a Bankers Trust Company), as Syndication Agent, and Credit Suisse First Boston, as
Administrative Agent, as so amended and restated and as the same may be further amended, restated, modified and/or supplemented from time to time.

		
	3.	 	Date of Assignment Agreement:
		
	4.	 	Amounts (as of date of item #3 above):

  

	 	 	 	  	 Outstanding
 Principal of
Tranche A
 Term Loans

	 	 Outstanding
 Principal of
Tranche B
 Term Loans

	 	 Outstanding
 Principal of
Tranche C
 Term Loans

	 	Outstanding
Principal of
Tranche D
Term Loans

	 	Outstanding
Principal of
Tranche E
Term Loans

	 	 Total
 Revolving
 Loan
 Commitment

	 	Total Canadian
Revolving Loan
Sub-Commitment

	 	 Total Non-
Canadian
Revolving
 Loan Sub-
 Commitment

	a.	 	 Aggregate Amount for all Banks
	  	$	                	 	$	                	 	$	                	 	$	                	 	$	                	 	$	                	 	$	                	 	$	                
	b.	 	 Assigned Share
	  	 	                %	 	 	                %	 	 	                %	 	 	                %	 	 	                %	 	 	                %	 	 	                %	 	 	                %
	c.	 	 Amount of Assigned Share
	  	$	                	 	$	                	 	$	                	 	$	                	 	$	                	 	$	                	 	$	                	 	$	                

  

		
	5.	 	Settlement Date:
		
	6.	 	Rate of Interest As set forth in Section 1.08 of the Credit Agreement

  

 Annex I 
 Page 2 
  
  

			
	 	  	to the Assignee: Assignee)1	  	(unless otherwise agreed to by the Assignor and the
			
	7.	  	Commitment Fees to the Assignee:	  	As set forth in Section 3.01(a) of the Credit Agreement (unless otherwise agreed to by the Assignor and the Assignee)2
			
	8.	  	Letter of Cedit Fees to the Assignee:	  	As set forth in Section 3.01(b) of the Credit Agreement (unless otherwise agreed to by the Assignor and the Assignee)3
			
	9.	  	Notice	  	 

  

		
	 	 	ASSIGNEE:
		
	 	 	

		
	 	 	

		
	 	 	

		
	 	 	

		
	 	 	 Attention:

	 	 	 Telephone:

	 	 	 Facsimile:

	 	 	 Reference:

		
	 	 	ASSIGNOR:
		
	 	 	

		
	 	 	

  
  

	1	 	The Borrowers and the Administrative Agent shall direct the entire amount of the interest to the Assignee at the rate set forth in Section 1.08 of the Credit
Agreement, with the Assignor and the Assignee effecting any agreed upon sharing of interest through payments by the Assignee to the Assignor. 

  

	2	 	The Borrowers and the Administrative Agent shall direct the entire amount of the interest to the Assignee at the rate set forth in Section 1.08 of the Credit
Agreement, with the Assignor and the Assignee effecting any agreed upon sharing of interest through payments by the Assignee to the Assignor. 

  

	3	 	Insert "Not Applicable" in lieu of text if no portion of the Total Non-Canadian Revolving Loan Sub-Commitment is being assigned. Otherwise, the U.S. Borrower and the
Administrative Agent shall direct the entire amount of the Letter of Credit Fees to the Assignee at the rate set forth in Section 3.01(b) of the Credit Agreement, with the Assignor and the Assignee effecting any agreed upon sharing of Letter of
Credit Fees through payment by the Assignee to the Assignor. 

  
  

 Annex I 
 Page 3 
  
  
  

		
	 	 	

		
	 	 	

		
	 	 	 Attention:

	 	 	 Telephone:

	 	 	 Facsimile:

	 	 	 Reference:

	
	10.         Payment Instructions:
		
	 	 	ASSIGNEE:
		
	 	 	

		
	 	 	

		
	 	 	

		
	 	 	

		
	 	 	 Attention:

	 	 	 Reference:

		
	 	 	ASSIGNOR:
		
	 	 	

		
	 	 	

		
	 	 	

		
	 	 	

		
	 	 	 Attention:

	 	 	 Reference:

  

	 Accepted and Agreed:
	 	 	 	 
			
	 [NAME OF ASSIGNEE]
	 	 	 	 [NAME OF ASSIGNOR]

					
	By:	 	
	 	 	 	By:	 	

					
	 	 	
	 	 	 	 	 	

	 	 	 (Print Name and Title)
	 	 	 	 	 	 (Print Name and Title)

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