Document:

<PAGE>
                                                                    EXHIBIT 10.1
<TABLE>
<Caption>
<S>        <C>                           <C>                                                       <C>
[LOGO]     Navistar Financial               COMMERCIAL LOAN AND SECURITY AGREEMENT
           Corporation                  (FOR NEW OR USED MOTOR VEHICLES AND EQUIPMENT)             Agreement Date: 7/1/2002
</TABLE>

The undersigned Borrower hereby applies to Navistar Financial Corporation
("Lender") for a loan of the Unpaid Balance shown below, on the following terms
and conditions, in connection with the purchase from seller of the equipment
described below (the "Goods"). Borrower hereby acknowledge delivery, inspection
and seller in payment for Goods or other obligations of Borrower.

<TABLE>
<CAPTION>
Seller Information                                               BORROWER INFORMATION
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                                        <C>
Seller Number:   001479-000                                      Boyd Bros. Transportation, Inc.            937-525-0341
International Truck & Engine Corp.                               825 West Laffels Lane                      SSN#/TAX-ID
Chicago, IL
APPROVAL NUMBER: 01303715                                        Springfield, OH 45506                      CUSTOMER #
                                                                 COUNTY:                                    4706016

------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

DESCRIPTION OF EQUIPMENT
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
VEHICLE        NEW
 YEAR          USED          MANUFACTURER           MODEL     SERIAL NUMBER         OTHER EQUIPMENT               UNIT NUMBER
------------------------------------------------------------------------------------------------------------------------------------
<S>           <C>            <C>                    <C>       <C>                   <C>                           <C>
                                                     SEE ADDENDUM -- SCHEDULE A
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

DESCRIPTION OF TRADE-IN
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                                                             GROSS             LESS AMOUNT          TRADE-IN
YEAR      MANUFACTURER      MODEL     SERIAL NUMBER       BODY TYPE       ALLOWANCE              OWNING         (NET ALLOWANCE)
------------------------------------------------------------------------------------------------------------------------------------
<S>       <C>               <C>       <C>                 <C>             <C>                  <C>              <C>
                                                     SEE ADDENDUM -- SCHEDULE B
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

INSURANCE COVERAGE

--------------------------------------------------------------------------------
NO LIABILITY INSURANCE INCLUDED
--------------------------------------------------------------------------------
PHYSICAL DAMAGE:
Physical damage insurance satisfactory to Lender is required. The Borrower may
choose the person through which the insurance is to be obtained or provide such
insurance through an existing policy subject to Lender's right to refuse to
accept any such insurer for any reasonable cause.

   If physical damage insurance is included in this Agreement, the cost of
   insurance shall be ________ as set forth in item 6a and the following
   coverages are provided for a term of ________ months from the date of
   delivery.

         Deductible Other Than Collision (Specified Perils, Comprehensive or
         Fire, Theft and Combined Additional Coverage, as per attached insurance
         application.)
         Deductible Collision

--------------------------------------------------------------------------------
Name of Physical Damage Insurance Company             Agent Name/Phone

Texas Residents Only: If physical damage insurance is obtained through the
Lender and placed with a county mutual insurance company, the premium or rate
of change is not fixed or approved by the texas State Board of Insurance.

CREDIT LIFE INSURANCE IS NOT REQUIRED.
If a change is include in 6b it is understood credit life insurance is
requested in this Agreement and the borrower signing below is the insured.
Borrower hereby acknowledges receipt of a certificate containing the terms of
such insurance through Agent:

--------------------------------------------------------------------------------
Name of Credit Life Insurance Company                 Agent Name/Phone
--------------------------------------------------------------------------------
<Table>
<Caption>
SALE ANALYSIS
<S>                                                     <C>
1.   CASH PRICE                                          $1,801,303.55
--------------------------------------------------------------------------------
2.   SALES AND OTHER TAXES                                 $218,791.45
--------------------------------------------------------------------------------
3.   CASH PRICE + TAX (1+2)                             *$2,020,095.00
--------------------------------------------------------------------------------
4.a  CASH DOWN PAYMENT
--------------------------------------------------------------------------------
  b. TRADE-IN (NET ALLOWANCE)                             *$487,500.00
--------------------------------------------------------------------------------
     TOTAL DOWN PAYMENT (4a + 4b)                          $487,500.00
--------------------------------------------------------------------------------
5.   UNPAID BALANCE OF CASH PRICE (3 LESS 4)            *$1,532,595.00
--------------------------------------------------------------------------------
6.a  PHYSICAL DAMAGE
--------------------------------------------------------------------------------
  b. CREDIT LIFE INSURANCE
--------------------------------------------------------------------------------
  c. CERTIFICATE OF TITLE FEE
--------------------------------------------------------------------------------
  d. OFFICIAL FEES
--------------------------------------------------------------------------------
  e. OPTIONAL SERVICE/EXTENDED WARRANTY
--------------------------------------------------------------------------------
  f. OTHER
--------------------------------------------------------------------------------
TOTAL OTHER CHARGES (Total of 6a. to 6f.)
--------------------------------------------------------------------------------
7.   TOTAL CHARGES INCURRED (5 + 6)                      $1,532,595.00
--------------------------------------------------------------------------------
</Table>

8. PROMISSORY NOTE: If this Agreement is accepted by Lender, Borrower promises
to pay to Lender or to its order the Unpaid Balance (Amount Financed) set forth
in Line 7 above, together with interest from the date of this Agreement, in
installments as set forth below:

Borrower agrees to pay Lender the "UNPAID BALANCE" plus interest in the amount
of $228,112.80 computed at a rate equivalent to 5.60% per annum in installments
as set forth below.

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
  # of         Amount of                        # of         Amount of                        # of        Amount of
Payments        Payment       Beginning       Payments        Payment       Beginning       Payments       Payment      Beginning
------------------------------------------------------------------------------------------------------------------------------------
<S>            <C>            <C>             <C>            <C>            <C>             <C>           <C>           <C>
60             $29,345.13     8/1/2002
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

FOR USE IN SOUTH CAROLINA ONLY: WAIVER OF HEARING PRIOR TO IMMEDIATE
POSSESSION: BORROWER HEREBY EXPRESSLY AGREES THAT, SHOULD THE LENDER BE
ENTITLED TO POSSESSION OF THE GOODS DESCRIBED ABOVE OR ITS PROCEEDS UNDER THE
TERMS OF THIS AGREEMENT OR ANY DOCUMENT EXECUTED IN CONNECTION HEREWITH
(INCLUDING ANY FURTHER EXTENSIONS, RENEWALS, ETC.) BORROWER WAIVES ITS RIGHT TO
NOTICE AND AN OPPORTUNITY TO BE HEARD PRIOR TO REPOSSESSION OF THE GOODS BY
LENDER.
NOTICE TO BORROWER: 1. Do not sign this Agreement before you read it or if it
contains blank spaces. 2. You are entitled to a completely filled-in copy of
the Agreement when you sign it. 3. Under the law, you have the following
rights, among others; (a) to pay off in advance the full amount due and to
obtain a partial refund of the interest charges based on the actuarial method
unless another method is required by law; (b) to redeem the Goods if
repossessed for default; (c) to require, under certain conditions, a resale of
the Goods if repossessed. 4. If you desire to pay off in advance the full
amount due, the amount of refund you are entitled to, if any, will be furnished
upon request. 5. In Texas, this Agreement may be subject in whole or in part to
Texas law which is enforced by the Consumer Credit Commissioner, 2601 North
Lamar, Austin, Texas 78705-4207. Telephone (512) 479-1285, (214) 263-2016,
(713) 461-4074.

--------------------------------------------------------------------------------
Page 1 of 3 COMMERCIAL LOAN AND SECURITY AGREEMENT FOR:
    BOYD BROS. TRANSPORTATION, INC. - AGREEMENT NUMBER: 198
<PAGE>

                             ADDITIONAL PROVISIONS

LATE PAYMENTS: In addition to promising to pay the total payments as set forth
above. Borrower promises to pay past due interest accrued from maturity on each
installment in default more than 10 days at the highest rate permitted by law.
Borrower also agrees to pay all expenses actually incurred, including attorney
fees, in collecting any amount payable under this Agreement, all to the extent
allowed by law.

PARTIES: As used herein, "Borrower" shall include all persons who sign as
"Borrower(s)." "Lender" shall mean Navistar Financial Corporation, its
successors and assigns. "Affiliates" shall include all entities directly or
indirectly controlling or controlled by or under common control with Lender
including but not limited to Harco Leasing Company, Inc and Navistar Leasing
Company. Upon notice of assignment, Borrower agrees to make payments hereunder
directly to assignee. Assignee shall be entitled to all rights of Lender free
from any defense, set-off or counterclaim by the Borrower against the Lender,
except as required by law. Seller shall not be the agent of Lender for
transmission of payments or otherwise.

NO WARRANTIES BY LENDER: Borrower agrees that Lender is neither the seller nor
the manufacturer of the Goods, and has not made and does not make any
representation, warranty or covenant with respect to the Goods, either express
or implied, written or oral, including but not limited to any representation,
warranty or covenant with respect to condition, quality, safety, durability,
merchantability, or fitness for a particular purpose. Borrower selected the
Goods and hereby agrees that any and all claims that Borrower has or may in the
future have against the seller and/or manufacturer shall not be asserted as an
offset against Lender, including but not limited to any claims in product
liability.

USE OF PROPERTY: Borrower shall hold and use the Goods at its risk and expense
with respect to loss or damages, and taxes and charges of every kind; shall take
proper care of the Goods and shall not abuse or misuse the same; shall not sell,
assign or transfer its interest in the Goods or remove the Goods from the
jurisdiction in which they now reside without the prior written consent of
Lender; shall not use the Goods for any illegal purpose and shall not attach any
of the Goods to any real estate or to any other property in such a manner as to
become a part thereof. If Borrower fails to pay said taxes and said charges,
Lender may, at its election, either do so and charge same to Borrower or treat
such failure as a breach of condition of this agreement. Any amount so paid by
the Lender shall become a part of the indebtedness secured hereunder.

PHYSICAL DAMAGE INSURANCE: If a cost for physical damage insurance is included
in the Agreement, Borrower hereby assigns to Lender the right to cancel such
insurance, if any insurance included in this Agreement is cancelled, whether by
request of the Borrower or the Lender, or action of the Insurance Company,
Lender is hereby authorized on behalf of Borrower to receive any unearned
premium refund. If no cost of physical damage insurance is included in this
Agreement, Borrower agrees to promptly insure the goods at its own expense with
a company acceptable to the Lender against loss by fire, theft and collision for
the period of the term of this Agreement and in such amounts and upon such terms
as are acceptable to Lender. Borrower specifically covenants to name lender as
loss payee as its interest may appear. Lender may, in its sole discretion, apply
any proceeds of insurance received by it to any indebtedness owed by Borrower to
Lender or its Affiliates.

PLACEMENT OF PHYSICAL DAMAGE INSURANCE: Unless Borrower provides Lender with
evidence of the insurance coverage required by this Agreement, Lender may, but
will not be obligated to, purchase insurance at Borrower's expense to protect
Lender's interest in the Goods. This insurance may, but need not, protect
Borrower's interests. The coverage that Lender purchases may not pay any claim
that Borrower makes or any claim that is made against Borrower in connection
with the Goods. Borrower may later cancel any insurance purchased by lender, but
only after providing Lender with evidence that Borrower has obtained other
insurance as required by the Agreement. If Lender purchases insurance for the
Goods, Borrower will be responsible for the costs of such insurance including
interest and any other charge Lender may impose in connection with the placement
of the insurance, until the effective date of the cancellation or expiration of
the insurance. The cost of the insurance may be added to Borrower's outstanding
balance due and owing Lender under the Agreement. The cost of the insurance may
be more than the cost of insurance Borrower may be able to obtain on its own.

SECURITY INTEREST: In order to secure performance and payment of the loans made
be Lender to Borrower and all of Borrowers obligations and indebtedness
hereunder and of all other amounts due or to become due hereunder and to secure
each and every other obligation or indebtedness of every kind and description
and howsoever arising, now or hereafter owing by Borrower to Lender or its
Affiliates, Lender hereby retains, and Borrower hereby grants, a purchase money
security interest under the Uniform Commercial Code in and to the Goods
described above, together with all replacements, repairs and accessions thereto
and cash and the non-cash proceeds (including insurance proceeds) thereof. The
security interest hereby granted is a separate, independent security interest
that is in addition to, and not in substitution for, any and all security
interests heretofore or hereafter granted by Borrower to Lender. This Agreement
is not an amendment to or modification of, or a waiver or release by Lender of,
any term, provision or condition of any other agreement between Borrower and
Lender. Further, Lender hereby retains and Borrower hereby grants a security
interest in the proceeds of any physical damage, credit life and or disability
insurance for which a charge is stated above or which is supplied by Borrower,
and if a charge for any such insurance has been included in this Agreement, a
security interest in the refund of any unearned premiums in the event such
insurance is terminated or canceled for any reason. Borrower will not grant
any other security interest in and to the Goods described above, without the
prior written consent of Lender. Borrower shall cause or cooperate with Lender
in causing Lender's security interest in the Goods to become properly
perfected under state law through filing of a financing statement or notation
on appropriate perfection documents.

DEFAULT: For Use In All States Except Louisiana. Time is of the essence hereof
and if Borrower defaults in any one of the payment on the loan or other payment
provided for herein when due or breaches any other covenant or condition of
this Agreement, or any other contract or agreement between Borrower and Lender
or its affiliates or if the Goods are levied upon, or Borrower becomes bankrupt
or insolvent or a petition in bankruptcy is filed by or against the Borrower,
then Lender may, in its sole option and discretion in any such event declare
the total amount unpaid hereunder, including accrued delinquency charges, and
excluding unearned interest immediately due and payable and may take possession
of the Goods in a lawful manner wherever found without notice, demand or legal
process, or may require the Borrower to assemble the Goods and make it
available to the Lender at a place to be designated by the Lender, and where
not prohibited by law, may sell the same at public or private sale, with or
without notice, at which sale Lender may become the purchaser, may deduct from
the proceeds of any such sale all taxes and charges due on the Goods and all
expenses of taking, removing, holding, repairing and selling the Goods, and may
apply the net proceeds to any indebtedness of Borrower, returning to Borrower
any surplus or holding Borrower liable for any deficiency; and in consideration
of the use of the Goods and for diminution in saleable value thereof, Lender
may retain all payments made; or Lender may pursue any other remedy provided by
law. Lender may accept partial payments of any sum due without waiving or
otherwise modifying the terms of this Agreement and the waiver by Lender or a
breach of any condition of this Agreement shall not constitute a wavier of any
subsequent breach whether or not of a like character. In the event of
bankruptcy or other insolvency proceedings, in addition to the above remedies,
the Lender shall be entitled to any rental or other income produced by the
Goods prior to its release to Lender.

Page 2 of 3 COMMERCIAL LOAN AND SECURITY AGREEMENT FOR:
             BOYD BROS. TRANSPORTATION, INC - AGREEMENT NUMBER: 198
<PAGE>
                       ADDITIONAL PROVISIONS-(CONTINUED)

--------------------------------------------------------------------------------
DEFAULT: For Use in Louisiana Only. Borrower does hereby confess judgement in
favor of the Lender or any subsequent holder of this agreement for principal,
interest, attorney's fees, and costs; and does hereby declare that if anyone of
the payments on the loan or other payment provided for herein is not fully paid
when due, if default be made in compliance with any condition or covenant
herein, or proceedings in bankruptcy, insolvency or receivership be instituted
by or against the Borrower, or if any action is taken looking toward the
appointment of a receiver, syndic or curata of Borrower or if the property be
used in violation of any state or Federal law, such violation shall constitute
a breach of this Agreement which shall ipso facto be immediately due and
exigible in its entirety and the Lender may cause all and singular the Goods
herein described to be seized and sold under executory or other legal process
in any court, without appraisement, to the highest bidder, payable in cash.
Borrower hereby specifically waives the three (3) day notice of demand provided
by Article 2639 of the Louisiana Code of Civil Procedure and Notice of
Appraisement set forth under Article 2723 of the Louisiana Code of Civil
Procedure and all pleas of division and discussion and the benefit of
appraisement or the said Lender may and is hereby authorized to take immediate
possession of the Goods wherever found without process of law and hold the same
until the amount due and either at public or private sale without demand for
performance of without notice to the Borrower, with or without having the Goods
at the place of sale. The Lender, or future holder of this Agreement, shall
have the right to bid at any public sale. From the proceeds of such sale, the
Lender, or future holder of this Agreement, shall deduct all expenses for
retaking, repairing and selling the Goods, including a reasonable attorney's
fee.
--------------------------------------------------------------------------------

CO-BORROWER: The obligation of any co-borrower hereunder shall be primary and
the co-borrower shall be jointly and severally liable with the Borrower for
payment in full of all amounts due or to become due pursuant to the terms and
conditions of this Agreement.

GENERAL: Borrower hereby covenants that all facts and information contained
herein and in the credit application are true and correct as of the date hereof
and specifically warrants that there are no other amounts owing on the trade-in
equipment except as may be indicated herein. Renewal, extension, or assignment
of this Agreement shall not release Borrower or Co-Borrower from any obligations
hereunder.

POWER OF ATTORNEY: Borrower hereby irrevocably authorizes and empowers Lender
to execute, sign, and file on Borrower(s) behalf any financing statement,
continuation statement or any other document related to the perfection or
protection of the security interest hereby created, if allowed by law.

APPLICATION OF PAYMENTS: Each payment received on the loan shall be applied
first to accrued interest and delinquency charges and then to the balance of
any amount financed then outstanding.

SAVINGS CLAUSE: Should any provision of this Agreement be or become invalid,
illegal, prohibited or unenforceable by law or otherwise, then such provision
shall be void; however, such impairment shall not in any way invalidate or
impair the remainder of this Agreement or any other of its provisions. If the
rate of interest or other charges set forth hereunder shall exceed the
applicable maximum, then such rate shall be reduced to such maximum and any
excess interest or charge that may have been collected shall, at the option of
the Borrower, either be refunded in cash or applied as a credit to unpaid
principal. In no event shall Borrower be obligated to pay such excess charges.

ACCEPTANCE BY LENDER, CHOICE OF LAW: This Agreement is not binding until
accepted by Lender in Illinois. Except as prohibited by law, the construction
and validity of this Agreement shall be controlled by the law of Illinois,
where this Agreement is entered into, and applicable federal law. This
Agreement is entered into in Illinois and all loans made by the Lender will be
extended from Illinois. The validity and enforcement of the security interest
granted hereunder shall be controlled by the law of jurisdiction where the
Goods are to be kept and used.

QUARTERLY PRIME RATE: As used in this Agreement the "Quarterly Prime Rate" shall
mean for each calendar quarter, the Prime Rate as published in the Wall Street
Journal on the last business day of the month immediately preceding the first
day of each calendar quarter.

QUARTERLY LIBOR RATE: Shall mean, for each calendar quarter, the 90-day London
Interbank Offered Rate as published in the Wall Street Journal on the last
business day of the month immediately preceding the first day of each calendar
quarter.

WAIVER OF JURY TRIAL: BORROWER WAIVES ANY RIGHT TO TRAIL BY JURY IN ANY ACTION
RELATING TO THIS AGREEMENT.

--------------------------------------------------------------------------------

                      THIS SPACE INTENTIONALLY LEFT BLANK

--------------------------------------------------------------------------------

All payments shall be paid to Lender at P.O. Box 96070, Chicago, IL 60693-6070
or as otherwise directed by Lender to Borrower in writing. Telephone inquiries
should be directed to Navistar Financial Corporation (847) 734-4000. All other
correspondence should be sent to Lender at P.O. Box 4024, Attn: FSC, Schamburg,
IL 10168-4024

--------------------------------------------------------------------------------
BORROWER HAS READ AND AGREES TO ALL TERMS, PROVISIONS AND CONDITIONS CONTAINED
IN THIS THREE PAGE AGREEMENT, AGREES THAT THIS AGREEMENT CONTAINS THE ENTIRE
AGREEMENT BETWEEN BORROWER AND LENDER RELATING TO THIS LOAN FOR THE PURCHASE OF
THE GOODS, AND SUPERSEDES ALL PREVIOUS AGREEMENTS, EXCEPT AS TO AGREEMENTS
BETWEEN BORROWER AND LENDER.
--------------------------------------------------------------------------------

<Table>
<S>                                                                              <C>
This Agreement is subject to the terms of the Retail Financing Arrangement       BORROWER ACKNOWLEDGES RECEIPT OF AN EXACT COPY
between Borrower and Seller. Initial for:                                        -------------------------------------------------

Non-recourse               Guaranty                                              NAME OF BORROWER: Boyd Bros. Transportation, Inc.
            --------------         --------------------
AUTHORIZED SIGNATURE FOR SELLER
                                                                                 (Name of individual(s), corporation or
                                                                                 partnership. Give trade style, if any after name.)

BY                                                                               BY /s/ Richard Bailey                TITLE  C.O.O.
  ------------------------------------------------------------------               ----------------------------------      ---------
  (Signature of Owner, Officer, or Authorized Rep.)      (Title)                     (If corporation, authorized party must sign and
                                                                                     show corporate title. If partnership, a general
                                                                                     partner must sign. If owner(s) or partner,
                                                                                     show which.)
-------------------------------------------------------------------------
LENDERS ACCEPTANCE
-------------------------------------------------------------------------
Lender: Navistar Financial Corporation    Accepted by Lender at:
        2850 West Golf Road, Rolling Meadows, IL, 60008

BY                                           DATE                                BY                                   TITLE
  -----------------------------------------      ------------------------          ----------------------------------      ---------
  Authorized Representative                                                        (If Co-Borrower, Co-Partner or Co-
                                                                                   Officer, sign here and show which.)
</Table>
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
Page 3 of 3 COMMERCIAL LOAN AND SECURITY AGREEMENT FOR:
              BOYD BROS. TRANSPORTATION, INC. - AGREEMENT NUMBER: 198

<PAGE>
COMMERCIAL LOAN AND SECURITY AGREEMENT - SCHEDULE A     Agreement Date: 7/1/2002

(LOGO) Navistar Financial
       Corporation

<Table>
<Caption>
SELLER INFORMATION                                            BORROWER INFORMATION
------------------------------------------------------------------------------------------------------------------------------------
<S>                    <C>                                   <C>                    <C>                                 <C>
                       International Truck & Engine Corp.                           Boyd Bros. Transportation, Inc.     937-525-0341
                       Chicago, IL                                                  825 West Laffels Lane
Seller Number          001479-000                                                   Springfield, OH 45506
APPROVAL NUMBER:       01303715                               SSN#/TAX-ID:                             COUNTY:
                                                              CUSTOMER #:           4706016
------------------------------------------------------------------------------------------------------------------------------------
</Table>

EQUIPMENT DESCRIPTION
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------
VEHICLE    NEW                                                                                        UNIT
 YEAR      USED    MANUFACTURER     MODEL         SERIAL NUMBER      EQUIPMENT TYPE    UNIT PRICE    NUMBER
-----------------------------------------------------------------------------------------------------------
<S>        <C>     <C>           <C>            <C>                  <C>               <C>           <C>
 2002      New        INTL       9400i SBA 6    2HSCNASR62C045012       Tractor        $72,215.97     6534
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9400i SBA 6    2HSCNASR42C045011       Tractor        $72,215.97     6533
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9400i SBA 6    2HSCNASR22C045010       Tractor        $72,215.97     6532
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9400i SBA 6    2HSCNASR62C045009       Tractor        $72,215.97     6531
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9400i SBA 6    2HSCNASR42C045008       Tractor        $72,215.97     6530
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9400i SBA 6    2HSCNASR22C045007       Tractor        $72,215.97     6529
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9400i SBA 6    2HSCNASR02C045006       Tractor        $72,215.97     6528
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9400i SBA 6    2HSCNASR92C045005       Tractor        $72,215.97     6527
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9400i SBA 6    2HSCNASR72C045004       Tractor        $72,215.97     6526
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9400i SBA 6    2HSCNASR52C045003       Tractor        $72,215.97     6525
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9400i SBA 6    2HSCNASR32C045002       Tractor        $72,215.97     6524
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9400i SBA 6    2HSCNASR12C045001       Tractor        $72,215.97     6523
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9400i SBA 6    2HSCNASRX2C045000       Tractor        $72,215.97     6522
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9400i SBA 6    2HSCNASR92C044999       Tractor        $72,215.97     6521
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9400i SBA 6    2HSCNASR72C044998       Tractor        $72,215.97     6520
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9900i SFA 6    2HSCHASR22C037075       Tractor        $71,807.90     6519
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9900i SFA 6    2HSCHASR02C037074       Tractor        $71,807.90     6518
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9900i SFA 6    2HSCHASR92C037073       Tractor        $71,807.90     6517
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       9900i SFA 6    2HSCHASR52C037071       Tractor        $71,807.90     6515
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       990i  SFA 6x   2HSCHASR32C037067       Tractor        $71,807.90     6511
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       990i  SFA 6x   2HSCHASR32C037070       Tractor        $71,804.90     6514
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       990i  SFA 6x   2HSCHASR72C037069       Tractor        $71,804.90     6513
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       990i  SFA 6x   2HSCHASR52C037068       Tractor        $71,804.90     6512
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       990i  SFA 6x   2HSCHASR72C037072       Tractor        $71,804.90     6516
-----------------------------------------------------------------------------------------------------------
 2002      New        INTL       990i  SFA 6x   2HSCHASR12C037066       Tractor        $71,804.90     6510
-----------------------------------------------------------------------------------------------------------
</Table>

--------------------------------------------------------------------------------
COMMERCIAL LOAN AND SECURITY AGREEMENT FOR
BOYD BROS. TRANSPORTATION, INC - AGREEMENT NUMBER: 198
Page 1

<PAGE>
EQUIPMENT DESCRIPTION

<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------
VEHICLE    NEW                                                                                        UNIT
 YEAR      USED    MANUFACTURER     MODEL         SERIAL NUMBER      EQUIPMENT TYPE    UNIT PRICE    NUMBER
-----------------------------------------------------------------------------------------------------------
<S>       <C>      <C>              <C>           <C>                <C>               <C>           <C>

Boyd Bros. Transportation, Inc.
</Table>

/s/ Richard Bailey
-------------------------------------     --------------------------------------
Signature                                 Seller Signature

            COO/CFO
-------------------------------------
Title

--------------------------------------------------------------------------------
COMMERCIAL LOAN AND SECURITY AGREEMENT FOR
BOYD BROS. TRANSPORTATION, INC - AGREEMENT NUMBER: 198
Page 2
<PAGE>

   COMMERCIAL LOAN AND SECURITY AGREEMENT - SCHEDULE B AGREEMENT DATE: 7/1/2002

(LOGO) Navistar Financial
       Corporation

       Seller Information                                   BORROWER INFORMATION

<Table>
<S>                <C>                                  <C>         <C>                               <C>
------------------------------------------------------------------------------------------------------------------
                   International Truck & Engine Corp.               Boyd Bros, Transportation, Inc.   937-525-0341
                   Chicago, IL                                      825 West Laffels Lane
                                                                    Springfield, OH 45506
Seller Number      001479-000                           ss#/TAX-ID:                                   COUNTY:
APPROVAL NUMBER:   01303715                             CUSTOMER #: 4706016
------------------------------------------------------------------------------------------------------------------
</Table>

DESCRIPTION OF TRADE-IN
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------------------
                                                                                          GROSS             LESS AMOUNT
        YEAR           MANUFACTURER     MODEL              SERIAL NUMBER                ALLOWANCE              OWING
---------------------------------------------------------------------------------------------------------------------------
<C>                    <C>              <C>       <C>                  <C>              <C>
        1998             INTL          9400 6X4   2HSFHASR9WC036105    (5744)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR7WC036104    (5743)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR5WC036103    (5742)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR3WC036102    (5741)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR1WC036101    (5740)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASRXWC036100    (5739)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR5WC036098    (5737)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR3WC036097    (5736)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR1WC036096    (5735)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASRXWC036095    (5734)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR4WC036092    (5731)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR2WC036091    (5730)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR4WC036089    (5728)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR0WC036087    (5726)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR9WC036086    (5725)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR7WC036085    (5724)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR3WC036083    (5722)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR1WC036082    (5721)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR8WC036080    (5719)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR6WC036076    (5715)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR1WC036079    (5718)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASRXWC036078    (5717)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR8WC036077    (5716)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASRXWC036081    (5720)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------
        1998             INTL          9400 6X4   2HSFHASR4WC036075    (5714)           $19,500.00
---------------------------------------------------------------------------------------------------------------------------

<Caption>
---------------------  -------------------
                            TRADE-IN
        YEAR             (NET ALLOWANCE)
---------------------  -------------------
<C>                    <C>
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
        1998               $19,500.00
---------------------  -------------------
</Table>

COMMERCIAL LOAN AND SECURITY AGREEMENT FOR BOYD BROS. TRANSPORTATION, INC.
- AGREEMENT NUMBER: 198
Page 1
<PAGE>
BOYD BROS. TRANSPORTATION, INC.

/s/ Richard Bailey
------------------------------------  ----------------------------------------
Signature                             Seller Signature

COO/CFO
--------------------------------
Title

COMMERCIAL LOAN AND SECURITY AGREEMENT FOR:
BOYD BROS. TRANSPORTATION, INC. -
AGREEMENT NUMBER: 198
Page 2<PAGE>
                                                                     EXHIBIT 4.3

                               SECOND AMENDMENT TO
                     SHAREHOLDER PROTECTION RIGHTS AGREEMENT

         THIS SECOND AMENDMENT (this "Amendment"), effective as of August 16,
2002, is between PRG-SCHULTZ INTERNATIONAL, INC., a Georgia corporation (the
"Company"), and WACHOVIA BANK, NATIONAL ASSOCIATION f/k/a FIRST UNION NATIONAL
BANK, as Rights Agent (the "Rights Agent").

                              W I T N E S S E T H :

         WHEREAS, in connection with that certain Shareholder Protection Rights
Agreement dated as of August 9, 2000, as amended effective on May 15, 2002,
between the Company and the Rights Agent (the "Agreement"), the Board of
Directors of the Company deems it advisable and in the best interest of the
Company and its shareholders to amend the Agreement in accordance with Section
5.4 of the Agreement;

         NOW, THEREFORE, in consideration of the premises and the respective
agreements set forth herein, the parties hereby agree as follows:

         1.       Definitions. Capitalized terms used in this Amendment, which
are not otherwise defined herein, are used with the same meaning ascribed to
such terms in the Agreement.

         2.       Amendments.

                  (a)      Section 1.1 is hereby amended to add the following
                           definition:

                           "Blum Investors" shall mean Blum Capital Partners,
                           L.P., Richard C. Blum & Associates, Inc., Blum
                           Strategic GP, LLC, Blum Strategic GP II, LLC, Blum
                           Strategic Partners, LP, Blum Strategic Partners II,
                           LP, Richard C. Blum, Stinson Capital Partners, L.P.,
                           Stinson Capital Partners II, L.P., Stinson Capital
                           Partners III, LP, Stinson Capital Fund (Cayman),
                           Ltd., BK Capital Partners IV, L.P., Carpenters
                           Pension Trust for Southern California, Common Fund
                           Multi-Strategy Equity Fund, United Brotherhood of
                           Carpenters and any other affiliates of the
                           above-named Blum Investors that agree to be bound by
                           the provisions of that certain Standstill Agreement
                           among the above-named Blum Investors and the Company
                           of even date herewith.

                  (b)      The definition of "Acquiring Person" in Section 1.1
                           is hereby deleted in its entirety and replaced to
                           read as follows:

                           "Acquiring Person" shall mean any Person who is a
                           Beneficial Owner of 15% or more of the outstanding
                           shares of Common Stock; provided, however, that the
                           term "Acquiring Person" shall not include any Person
                           (i) who shall become the Beneficial Owner of 15% or
                           more of the outstanding shares of Common Stock solely
                           as a result of an acquisition by the Company of
                           shares of Common Stock, until such time thereafter as
                           such Person shall become the Beneficial Owner (other
                           than by means of a stock dividend or stock split) of
                           any additional shares of Common Stock, (ii) who is
                           the Beneficial Owner of 15% or more of the
                           outstanding shares of Common Stock but who acquired
                           Beneficial Ownership of shares of Common Stock
                           without any plan or intention to seek or affect
                           control of the Company, if such Person promptly
                           enters into an irrevocable commitment promptly to
                           divest, and thereafter promptly divests (without
                           exercising or retaining any power, including voting,
                           with respect to such shares), sufficient shares of
                           Common Stock (or securities convertible into,
                           exchangeable into or exercisable for Common Stock) so
                           that such Person ceases to be the Beneficial Owner of
                           15% or more of the

<PAGE>
                           outstanding shares of Common Stock, (iii) who is the
                           Beneficial Owner of shares of Common Stock consisting
                           solely of shares of Common Stock, the Beneficial
                           Ownership of which was acquired by such Person
                           pursuant to any action or transaction or series of
                           related actions or transactions approved by the
                           Company's Board of Directors before such person
                           otherwise became an Acquiring Person or (iv) who was
                           the Beneficial Owner of 15% or more of the
                           outstanding shares of Common Stock on August 9, 2000
                           and does not thereafter acquire Beneficial Ownership
                           of additional shares of Common Stock that in the
                           aggregate exceed 2% of the outstanding shares of
                           Common Stock. In addition, notwithstanding any
                           provision of this Agreement to the contrary, no Blum
                           Investor or Investors shall be deemed an Acquiring
                           Person for any purpose under this Agreement for so
                           long as that certain standstill agreement (the
                           "Standstill Agreement") between the Company and the
                           Blum Investors dated August 16, 2002 is in effect and
                           so long as the Blum Investors have increased their
                           Beneficial Ownership of Common Stock above that shown
                           in the Blum Investors' amendment to Schedule 13D
                           filed with the Securities and Exchange Commission on
                           June 17, 2002 by no more than 5,784,675 shares in the
                           aggregate (without giving effect to any stock split,
                           share dividend, recapitalization, reclassification or
                           similar transactions effected by or with the approval
                           of the Board of Directors of the Company after the
                           date hereof) (the "Limit"); provided, however, that
                           the Limit shall be reduced, on a share for share
                           basis, by any shares sold or otherwise disposed of by
                           any Blum Investor otherwise than to another Blum
                           Investor and by that number of shares that are
                           acquired by the Company under an Option Agreement in
                           the form attached hereto as Annex A between the
                           Company and Schultz PRG Liquidating Investments Ltd.;
                           provided, further, however, that any termination of
                           the Standstill Agreement by the Company or delivery
                           of any notice of termination by the Blum Investors,
                           in each case pursuant to Section 17 of the Standstill
                           Agreement, shall rescind this Amendment to the
                           Agreement and cause the Blum Investors' full
                           Beneficial Ownership of Common Stock to be considered
                           for purposes of determining whether or not the Blum
                           Investors are an Acquiring Person. Additionally, the
                           Company, any wholly-owned Subsidiary of the Company
                           and any employee stock ownership or other employee
                           benefit plan of the Company or a wholly-owned
                           Subsidiary of the Company shall not be an Acquiring
                           Person.

                                       2
<PAGE>

         3.       Counterparts. This Amendment may be executed in any one or
more counterparts, each of which shall be deemed an original and all of which
shall together constitute the same Amendment.

         4.       Ratification. Except as modified and amended as set forth
herein, the Agreement is hereby adopted, ratified and confirmed without further
modification or amendment.

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed effective as of the date first above written.

                                         PRG-SCHULTZ INTERNATIONAL, INC.

                                         By:   /s/ Clinton McKellar, Jr.
                                            ------------------------------------
                                         Name:     Clinton McKellar, Jr.
                                              ----------------------------------
                                         Title:    General Counsel and Secretary
                                               ---------------------------------

WACHOVIA BANK, NATIONAL ASSOCIATION
f/k/a FIRST UNION NATIONAL BANK

By: /s/ Patrick J. Edwards
   ------------------------------------
Name:   Patrick J. Edwards
     ----------------------------------
Title:  Vice President
      ---------------------------------

                                       3

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