Document:

<PAGE>

EX 10.2

                          CONTRACTOR SERVICES AGREEMENT
                          -----------------------------

         THIS AGREEMENT (the "Agreement") is effective as of the 15th day of
May, 2001 (the "Effective Date"), by and between UNITED SHIPPING & TECHNOLOGY,
INC., a Utah corporation ("Company") and MCG GLOBAL, LLC ("Contractor").

                              W I T N E S S E T H:

         WHEREAS, Company is engaged in the logistics and same-day delivery
business (collectively, the "Business");

         WHEREAS, Contractor is experienced in the business of consulting with
corporate management regarding operational, strategic and financial guidance and
has the expertise necessary to advise Company regarding these and similar
matters;

         WHEREAS, Company desires to contract for the services of Contractor in
connection with Company's Business, operations, debt structure, vendors and
contractual obligations and, in particular with its rights and obligations under
that certain Merger Agreement, dated September 24, 1999 between CEX Holdings,
Inc., a Colorado corporation ("CEX"), Corporate Express Delivery Systems, Inc.,
a Delaware corporation, United Shipping & Technology, Inc., a Utah corporation
and United Shipping & Technology Acquisition Corp., a Delaware corporation (the
"Merger Agreement");

         WHEREAS, the parties wish to enter into this Agreement to reflect their
mutual understandings and agreements;

         NOW, THEREFORE, in consideration of the foregoing recitals, which are
hereby made an integral part hereof and of the mutual covenants hereinafter set
forth, the parties hereto, intending to be legally bound hereby, agree as
follows:

                  1. Confidential Information. Company and Contractor previously
         entered into a Non-Disclosure and Non-Circumvention Agreement on April
         18, 2001 (the "Non-Disclosure Agreement"), which Non-Disclosure
         Agreement, as well as its duties, obligations and definitions are
         incorporated herein by reference. As used in this Agreement, the term
         "Confidential Information" shall mean, in addition to the definitions
         contained in the Non-Disclosure Agreement, any and all information
         regarding Company, the Business or the Services disclosed, transferred,
         or made known to Contractor, including without limitation information
         concerning Company's past and present litigation, and Company's
         finances, technology, customers, sales representatives suppliers.

                  2. Services. Contractor shall deliver to Company the items,
         and shall perform the services, at the times and meeting the
         requirements, specifications and other conditions described and set
         forth in Exhibit A attached hereto and by this reference incorporated
         herein (collectively, the "Services"). All Services called for by this
         Agreement shall be performed in conjunction with and in accordance with
         the directions, specifications, conditions
<PAGE>

         and requirements, as the same may be modified from time to time, of
         Company and its representatives.

                  3. Compensation. In consideration for the Services, Company
         shall pay Contractor such compensation in such amount and at such times
         as is specified in Exhibit A attached hereto and by this reference
         incorporated herein.

                  4. Expense. Company shall reimburse Contractor for all
         reasonable travel expenses, consistent with the Company's existing
         travel policies. With the exception of expenses incurred under
         paragraph 6 hereof, Contractor shall be liable for all other expenses
         or costs incurred by it with respect to providing the Services.

                  5. Term. The term of this Agreement (the "Term") shall be for
         a period of two (2) months, commencing on the Effective Date, unless
         earlier terminated by the parties as set forth herein. Either party may
         terminate this Agreement at any time, for any reason, upon written
         notice to the other. Upon termination, Contractor will be entitled to
         receive reimbursement for any outstanding fees and expenses owed by
         Company to Contractor under the Agreement.

                  6. Right to Contract With Others; Own Work Schedule.
         Contractor's obligation hereunder is to provide the Services according
         to the requirements, specifications and conditions, and no later than
         the times, specified herein and in Exhibit A hereto. Contractor has no
         obligation to work any particular hours or days or any particular
         number of hours or days. Contractor retains the right to contract for
         similar services with other businesses or individuals, subject to
         Contractor's obligations under the Non-Disclosure Agreement and
         hereunder.

                  7. Right to Control. The Company shall have no right to
         control or direct the details, manner or means by which Contractor or
         its affiliates provide the Services, except as otherwise set forth in
         this Agreement. Contractor agrees to not take any action that is
         detrimental to, or not in the best interest of, the Company.

                  8. Independent Contractor - Not Employee. Contractor is an
         independent contractor and shall not be considered an employee,
         partner, joint venturer or agent of the Company for any purpose
         whatsoever. Contractor acknowledges and agrees that the Company has no
         responsibility whatsoever for the payment of any taxes or other
         obligations that arise from Contractor providing the Services.

                  9. Board Approval. The compensation payable to Contractor
         pursuant to Section 2 of Exhibit A annexed hereto is subject to
         approval by the Board of Directors of Company.

                  10. Not Assignable. Neither this Agreement nor any of
         Contractor's rights or obligations hereunder, may be assigned or
         transferred by Contractor to any party or parties or to any entity or
         entities; provided, however, that Contractor may assign its right to
         receive some or all of the compensation payable to Contractor pursuant
         to Section 2 of Exhibit A annexed hereto provided that written notice
         of such assignment shall be provided to Company.

                                       2
<PAGE>

                  11. Indemnification. In connection with any Services provided
         hereunder, or any report or recommendation that Contractor provides to
         Company, Company will indemnify and hold Contractor and its officers,
         directors, agents, servants and employees harmless from and against all
         suits, claims (including claims brought by Company, other than for
         breach of this Agreement by Contractor), costs, liabilities, fees and
         expenses (including reasonable attorney's fees) resulting from or
         arising out of any services rendered by Contractor to Company, other
         than for Contractor's gross negligence or willful misconduct.

                  12. Insurance. Company represents and warrants that it
         currently maintains Directors and Officers Liability insurance with
         policy limits of $25,000,000, and covenants that it will not reduce or
         eliminate such coverage during the Term. Company shall cause Contractor
         and Vince Wasik to be named as additional insured's under its Directors
         and Officers Liability insurance policies. Company shall deliver to
         Contractor a Certificate of Insurance evidencing that Contractor and
         Vince Wasik have been named as additional insureds under Company's
         Directors and Officers Liability insurance policies.

                  13. General Provisions.

                           (a) This Agreement encompasses the entire agreement
                  of the parties with respect to the subject matter hereof and
                  there are no other agreements or understandings unless
                  expressed in writing and attached to this Agreement. This
                  Agreement may not be modified or amended except by a written
                  agreement signed by the parties hereto.

                           (b) If one or more of the paragraphs or parts hereof
                  are found to be unenforceable, illegal, contrary to public
                  policy or are in some other manner declared to be
                  unenforceable by a court of competent jurisdiction, this
                  Agreement shall remain in full force and effect except for
                  that paragraph or portion thereof determined to be
                  unenforceable, illegal or contrary to public policy.

                           (c) The construction, interpretation and performance
                  of this Agreement, and all transactions under or related to
                  it, shall be governed by the laws of the State of Minnesota.

                           (d) The terms and provisions of this Agreement
                  relating to Confidential Information and non-competition shall
                  remain in full force and effect notwithstanding the
                  termination or completion of this Agreement or the completion
                  of the provision of the Services.

                           (e) This Agreement shall be binding upon and shall
                  inure to the benefit of the parties hereto and their
                  respective heirs, successors, representatives and assigns;
                  provided, however, that Contractor shall not, without the
                  express written consent of Company, assign or transfer any
                  Confidential Information to others.

                                       3
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement
effective as of the day and year first above written.

                                   UNITED SHIPPING & TECHNOLOGY, INC.

Dated:  June __, 2001              By:
                                       -------------------------------
                                       Name:
                                       Title:

                                   MCG Global, LLC

Dated:  June __, 2001              By:
                                       -------------------------------
                                       Name:
                                       Title:

                                       4
<PAGE>

                                    EXHIBIT A
                                    ---------
                            SERVICES AND COMPENSATION

         The parties recognize and agree that in connection with the Merger
Agreement Company is engaged in on-going discussions and negotiations with CEX
regarding the purchase price calculation, insurance payment obligations, debt
obligations and various other matters related to the Merger. Additionally,
Company is engaged in discussions with General Electric Capital Corporation
regarding Company's revolving credit facility. Contractor shall provide services
in connection with these discussions, including negotiations with CEX and
General Electric Capital Corporation in an effort to benefit Company's cash,
balance sheet and equity position and working with management on operational
improvements.

         1. Retainer Fee. Company will pay a retainer of one hundred fifty
thousand dollars ($150,000) for two months fees to Contractor, at a monthly
charge of seventy-five thousand dollars ($75,000) a month.

         2. Success Fees. Company will pay Contractor success fees as follows:

                  (a) In the event Contractor is successful in achieving a
         reduction of $10.0 Million or more (on a cumulative basis and other
         than by way of the Company filing for bankruptcy protection or engaging
         in a complete liquidation) in the (x) liabilities of Company to CEX,
         (y) obligation of Company to pay or assume liabilities pursuant to the
         Merger Agreement, or (z) positive adjustment to the purchase price (as
         set forth in subparagraph (i) below) in any one or more of the
         following four matters, and under terms and conditions acceptable to
         Company, Company will pay Contractor, as a success fee, a five (5) year
         warrant to purchase two million (2,000,000) shares of Company's Common
         Stock at a strike price equal to the closing price of the Common Stock
         on the date of this Agreement. The designated amounts of each of the
         four matters listed below are stated in their approximate amounts and
         are to be used only for establishing Contractor's fees and do not
         constitute an admission by Company of the ultimate accuracy of the
         amounts owed to or by CEX or Company. Contractor shall be entitled to
         such success fee if such reduction is achieved during the Term or
         within six (6) months of the expiration of the Term or other
         Termination of this Agreement.

                           (i) Company and CEX are negotiating the purchase
                  price under the Merger Agreement. For the purposes of
                  Contractor's success fee under this Agreement, the amount of
                  the purchase price adjustment asserted by CEX is positive
                  $12.0 Million, as set forth on Attachment 1 annexed hereto.
                  Contractor's Services will include efforts to reduce the $12.0
                  Million positive adjustment to the purchase price asserted by
                  CEX.

                           (ii) As part of the Merger Agreement, Company entered
                  into three (3) promissory notes, the Short-Term Note, the
                  Long-Term Note and the Convertible Note (each as defined in
                  the Merger Agreement) (together, the "Seller Notes"). The
                  Seller Notes currently have an outstanding principal balance
                  of $14.5 Million. Contractor's Services will include efforts
                  to permanently reduce the principal balance of the Seller
                  Notes, which may include conversion of some or all of the
                  principal balance of such Seller Notes to equity.

                                       5
<PAGE>

                           (iii) Currently, the Seller Notes carry outstanding
                  and future interest obligations of $3.0 Million. Contractor's
                  Services will include efforts to permanently reduce the
                  interest balance and obligations of the Seller Notes, which
                  may include conversion of some or all of the interest balance
                  and obligations of such Seller Notes to equity.

                           (iv) As part of the Merger Agreement, Company
                  retained certain insurance liabilities of CEX and/or its
                  subsidiaries and assumed certain liabilities of CEX and/or its
                  subsidiaries. For the purposes of Contractor's success fee
                  under this Agreement, the designated amount for the insurance
                  liabilities is $18 Million. Contractor's Services will include
                  efforts to reduce the Company's obligations pursuant to such
                  insurance liabilities below $18 Million.

                  (b) In the event Company reports monthly net income before
         extraordinary items restructuring charges, minority interests and
         income taxes of 2% for any three consecutive month period between the
         execution of this agreement and the first anniversary of the expiration
         of this Agreement, Company will pay to Contractor, as a success fee, a
         five (5) year warrant to purchase two million (2,000,000) shares of
         Company's Common Stock at a strike price equal to the closing price of
         the Common Stock on the date of this Agreement.

For purposes of this Section 2, any Common Stock issuable pursuant to either of
the Warrants to be issued hereunder shall, upon issuance, have registration
rights at least equal to those registration rights granted pursuant to that
certain Second Amended and Restated Registration Rights Agreement dated as of
March 1, 2001 by and among the Company and TH Lee.Putnam Internet Partners, L.P.
et al.

                                       6<PAGE>

EX 10.3

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

                                     WARRANT

                              To Purchase Shares of
                                 Common Stock of
                       UNITED SHIPPING & TECHNOLOGY, INC.

                                                                    May 15, 2001

         This Certifies that, for good and valuable consideration, receipt of
which is hereby acknowledged, MCG GLOBAL, LLC, (the "Warrantholder"), is
entitled to subscribe for and purchase from the Company, at any time after the
date hereof, and prior to May 15, 2001 (the "Expiration Date"), 1,000,000 shares
of the Company's Common Stock, at a strike price equal to $0.40 (the "Purchase
Price"), subject to adjustment as hereinafter set forth.

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

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

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

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

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

                  "Principal Office" shall mean he Company's principal office or
         agency in Minnesota (or such other office or agency of the Company as
         the Company may designate by notice in writing to the holder hereof).

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

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

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

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

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

                  "Warrant" shall mean this Warrant.

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

         2. Exercise of Warrant, Issuance of Certificate, and Payment for
Warrant Shares.

           (a) The rights represented by this Warrant may be exercised at any
time after the date hereof, and prior to the Expiration Date, by the
Warrantholder, in whole or in part (but not as to any fractional share of Common
Stock), by: (a) delivery to the Company of a completed Subscription Form, (b)
surrender to the Company of this Warrant properly endorsed and signature
guaranteed, and (c) delivery to the Company of a certified or cashier's check
made payable to the Company in an amount equal to the aggregate Purchase Price
of the shares of Common Stock being purchased, at its Principal Office. The
Company agrees and acknowledges that the shares of Common Stock so purchased
shall be deemed to be issued to the holder hereof as the record owner of such
shares as of the close of business on the date on which this Warrant, properly
endorsed, and the Subscription Form shall have been surrendered and payment made
for such shares as aforesaid. Upon receipt thereof, the Company shall, as
promptly as practicable, and in any event within fifteen (15) days thereafter,
execute or cause to be executed and delivered to the Warrantholder a certificate
or certificates representing the aggregate number of shares of Common Stock
specified in said Subscription Form. Each stock certificate so delivered shall
be in such denomination as may be requested by the Warrantholder and shall be
registered in the name of the Warrantholder or such other name as shall be
designated by the Warrantholder. If this Warrant shall have been exercised only
in part, the Company shall, at the time of delivery of said stock certificate or
certificates, deliver to the Warrantholder a new Warrant evidencing the rights
of such holder to purchase the remaining shares of Common Stock

                                       2
<PAGE>

covered by this Warrant. The Company shall pay all expenses, taxes, and other
charges payable in connection with the preparation, execution, and delivery of
stock certificates pursuant to this Section 2, except that, in case any such
stock certificate or certificates shall be registered in a name or names other
than the name of the Warrantholder, funds sufficient to pay all stock transfer
taxes which shall be payable upon the execution and delivery of such stock
certificate or certificates shall be paid by the Warrantholder to the Company at
the time of delivering this Warrant to the Company as mentioned above.

         (b) In lieu of exercising this Warrant for cash, the Holder may elect
to surrender this Warrant at the Principal Office together with notice of such
election in which event the Company shall issue to the Holder a number of
Warrant Shares computed using the following formula:

                                   X = Y(A-B)
                                       ------
                                        A

Where         X=    the number of Warrant Shares to be issued to the Holder

              Y=    the number of Warrant Shares purchasable under the
                    Warrant or, if only a portion of the Warrant is being
                    exercised, the portion of the Warrant being canceled
                    (at the date of the exercise)

              A=    Current Market Price on the date of exercise

              B=    Warrant Price (as adjusted on the date of exercise).

         For purposes of this calculation, "Current Market Price" means, in
respect of the Common Stock on any date herein specified, the higher of (a) the
Book Value per share of Common Stock at such date and (b) the Appraised Value
per share of Common Stock as at such date, or if there shall then be a public
market for the Common Stock, the higher of (x) the amount set forth in clause
(a) above and (y) the average of the daily market prices for 30 consecutive
Business days ending 5 days before such date. The daily market price for each
such Business Day shall be (i) the last sale price on such date on the principal
stock exchange or over-the-counter market on which the Common Stock is then
listed or admitted to trading, (ii) if no sale takes place on such day on any
such exchange, the average of the last reported closing bid and asked prices on
such day as officially quoted on any such exchange, (iii) if the Common Stock is
not then listed or admitted to trading on any stock exchange, the average of the
last reported closing bid and asked prices on such day in the over-the-counter
market.

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

         4. Expiration. This warrant shall expire on the 5 year anniversary of
the Warrant.

                                       3
<PAGE>

         5. Exchange, Transfer, and Replacement. Subject to Section 5 hereof,
this Warrant is exchangeable upon the surrender hereof by the Warrantholder to
the Company at its Principal Office for new Warrants of like tenor and date
representing in the aggregate the right to purchase the number of shares
purchasable hereunder, each of such new Warrants to represent the right to
purchase such number of shares (not to exceed the aggregate total number
purchasable hereunder) as shall be designated by the Warrantholder at the time
of such surrender. Subject to Section 6 hereof, this Warrant and all rights
hereunder are transferable, in whole or in part, upon the books of the Company
by the Warrantholder in person or by duly authorized attorney, and a new Warrant
of the same tenor and date as this Warrant, but registered in the name of the
transferee, shall be executed and delivered by the Company upon surrender of
this Warrant, duly endorsed, at the Principal Office. Upon receipt by the
Company of evidence reasonably satisfactory to it of the loss, theft,
destruction, or mutilation of this Warrant, and, in the case of loss, theft, or
destruction, of indemnity or security reasonably satisfactory to it, and upon
surrender and cancellation of this Warrant, if mutilated, the Company will make
and deliver a new Warrant of like tenor, in lieu of this Warrant. This Warrant
shall be promptly canceled by the Company upon the surrender hereof in
connection with any exchange, transfer, or replacement. The Company shall pay
all expenses, taxes (other than stock transfer taxes), and other charges payable
in connection with the preparation, execution, and delivery of Warrants pursuant
to this Section 4.

         6. Restrictions on Transfer. Notwithstanding any provisions contained
in this Warrant to the contrary, neither this Warrant nor the Warrant Shares
shall be transferable except upon the conditions specified in this Section 6,
which conditions are intended, among other things, to ensure compliance with the
provisions of the Securities Act in respect of the transfer of this Warrant or
such Warrant Shares. The holder of this Warrant agrees that such holder will not
transfer this Warrant or the related Warrant Shares (a) prior to delivery to the
Company of an opinion of counsel selected by the Warrantholder and reasonably
satisfactory to the Company, stating that such transfer is exempt from
registration under the Securities Act, or (b) until registration of such
Warrants and/or Warrant Shares under the Securities Act has become effective and
continues to be effective at the time of such transfer. An appropriate legend
may be endorsed on the Warrants and the certificates of the Warrant Shares
evidencing these restrictions. The holder of this Warrant further agrees that
such holder will not, for a period of 180 days from the date that a registration
statement covering securities offered by the Company is declared effective by
the Commission, offer to sell, contract to sell, or otherwise sell, dispose of,
loan, pledge or grant any rights with respect to the Warrant or the Warrant
Shares owned by the holder, otherwise than with the prior written consent of the
Company.

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

                  (a) Stock Splits. In case at any time the Company shall
         subdivide its outstanding shares of Common Stock into a greater number
         of shares, the Purchase Price in effect immediately prior to such
         subdivision shall be proportionately reduced and the number of Warrant
         Shares purchasable pursuant to this Warrant immediately prior to such
         subdivision shall be proportionately increased, and conversely, in case
         at any time the Company shall combine its outstanding shares of Common
         Stock into a smaller

                                       4
<PAGE>

         number of shares, the Purchase Price in effect immediately prior to
         such combination shall be proportionately increased and the number of
         Warrant Shares purchasable upon the exercise of this Warrant
         immediately prior to such combination shall be proportionately reduced.
         Except as provided in this paragraph (a), no adjustment in the Purchase
         Price and no change in the number of Warrant Shares so purchasable
         shall be made pursuant to this Section 7 as a result of or by reason of
         any such subdivision or combination.

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

         8. Special Agreements of the Company.

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

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

                                       5
<PAGE>

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

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

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

         12. Miscellaneous. This Warrant and any provision hereof may be
changed, waived, discharged, or terminated only by an instrument in writing
signed by the party (or any predecessor in interest thereof) against which
enforcement of the same is sought. The headings in this Warrant are for purposes
of reference only and shall not affect the meaning or construction of any of the
provisions hereof.

         IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by
a duly authorized officer, and to be dated as of May 15, 2001.

                                        UNITED SHIPPING & TECHNOLOGY, INC.

                                            By:
                                                ------------------------------
                                                Jeffry Parell
                                                Chief Executive Officer

                                       6
<PAGE>

                             FULL SUBSCRIPTION FORM

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

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

Dated:________________________________

                                        Signature:
                                                   ----------------------------

                                          Address:

                                       7
<PAGE>

                            PARTIAL SUBSCRIPTION FORM

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

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

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

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

Dated:__________________________

                                        Signature:
                                                   ----------------------------

                                          Address:

                                       8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}]]