Document:

Amended and Restated Loan Agreement

 Exhibit 10.7  

AMENDED AND RESTATED LOAN AGREEMENT 

THIS LOAN AGREEMENT (“Loan Agreement”) is made this
18th day of February, 2010, by and between LINC
LOGISTICS COMPANY, a corporation organized and existing under the laws of Michigan with its principal place of business at 11355 Stephens Road, Warren, Michigan 48089 (the “Borrower”), and COMERICA BANK, with a place of business
at 500 Woodward Avenue, Detroit, Michigan 48226 (hereinafter referred to as the “Bank”). 
 Recitals of Fact 

 Borrower and Bank entered into a Loan Agreement dated March 29, 2007 (“Existing Loan Agreement”). Borrower and
Bank desire to amend and restate the Existing Loan Agreement. 
 Borrower has requested that the Bank commit to make loans and
advances and extensions of credit to it on a revolving credit basis in an amount not to exceed at any one time outstanding the principal sum of Thirty-Two Million Dollars ($32,000,000.00) (“Committed Amount”). The Bank has agreed to make
such loans and advances and extensions of credit on the terms and subject to the conditions herein set forth. 
 NOW, THEREFORE,
incorporating the Recitals of Fact set forth above and in consideration of the mutual agreements herein contained, the parties agree that the Existing Loan Agreement is amended and restated to read as follows: 

AGREEMENTS 
 SECTION ONE:
DEFINITIONS AND ACCOUNTING TERMS 
 For the purposes of this Loan Agreement, the following terms shall have the following
meanings (such meanings to be 
 applicable equally to both the singular and plural forms of such terms) unless the context
otherwise requires: 
 “Acceptable Accounts” shall mean Accounts Receivable, including unbilled Accounts Receivable
(a) in which Bank holds a valid, perfected first security interest (or in the case of Accounts Receivable arising from Government Contracts, in which Bank holds a valid, perfected security interest subject only to the lien of the United States
thereon); (b) which arise from goods theretofore sold and delivered or services theretofore rendered to the Account Debtor; (c) with respect to which no setoffs, counterclaims or defenses are claimed by the Account Debtor; (d) which
are not billed in advance, payable on delivery, progress billings, payable at a future
 date, subject to a retainage or hold back or subject to or covered by a payment or performance bond issued by a surety company, (e) with respect to which
the Account Debtor (i) maintains its chief executive office in the United States of America or Canada, (ii) is organized under the laws of the United States or Canada, or any state or province thereof, as applicable or (iii) is not
the government of any foreign country or sovereign state, or any state, providence, municipality or instrumentality thereof, (f) which constitute the binding obligation of an Account Debtor which at the time a loan advance or extension of
credit is requested based upon such Account, and at all times thereafter while a loan advance or extension of credit remains outstanding, is solvent, is 

 
financially able to pay its debts and obligations as they become due and is paying its debts and obligations as they become due; (g) which do not remain unpaid more than one hundred twenty
(120) days after the date of such invoice; (h) with respect to which the Account Debtor is not a Related Person (other than one of the MFS Entities) or any officer, director, agent or employee of a Related Person; and (i) which do not
arise from a “sale on approval,” “sale or return,” “guaranteed sale” or “consignment.” An unbilled Accounts Receivable shall mean an Accounts Receivable which meets all of the requirements to be an Acceptable
Account except that an invoice has not yet been generated and which is not unbilled more than thirty (30) days after the date the applicable goods were sold and delivered or the applicable services rendered. Progress billings do not include
Accounts generated under contracts which call for periodic invoicing for completed services and under which a Borrowing Base Obligor provides periodic services for an Account Debtor and then invoices the Account Debtor in accordance with the terms
of the contract once the services are completed. 
 “Acceptable Foreign Account” shall mean an Account which meets all
of the requirements to be an Acceptable Account except those under subsection (e) and with respect to which the Account Debtor has been approved in writing by Bank (subject to any limitations on the amount of such Accounts which may be included
in determining the Borrowing Base). 
 “Account Debtor” shall mean any Person, which is now, or hereafter obligated or
indebted to a Borrowing Base Obligor on any Account Receivable. 
 “Accounts Receivable” or “Accounts” shall
mean all amounts owed to a Borrowing Base Obligor on account of sales, leases or rentals of goods or services rendered in the ordinary course of the applicable Borrowing Base Obligor’s trade or business. 

“Affiliate” shall mean, when used with respect to any Person, any other Person, or group acting in concert in respect of such
Person, that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with such Person. For purposes of this definition, “control” (including, with correlative meanings, the terms
“controlled by” and “under common control with”), as used with respect to any Person or group of persons, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of management and policies
of such Person, whether through the ownership of voting securities, or the right to vote voting securities. 
 “Base
Rate” means the prime rate of interest publicly announced from time to time by the Bank. 
 “Borrowing Base” is
the amount equal to the sum of (a) eighty-five percent (85%) of the amount due on the Borrowing Base Obligors’ Acceptable Accounts excluding accounts with respect to which the Account Debtor is a Related Person and also one of the MFS
Entities and excluding unbilled accounts and Government Accounts, plus (b) eighty five (85%) of Acceptable Foreign Accounts, plus (c) the lesser of (i) eighty five percent (85%) of Borrowing Base Obligors’ Acceptable
Accounts with respect to which the Account Debtor is a Related Person and also one of the MFS Entities or (ii) One Million Dollars ($1,000,000), plus (d) the lesser of (i) eighty five percent (85%) of Acceptable Accounts which
are Government Accounts or (ii) One Million Dollars ($1,000,000), plus (e) the lesser of (i) eighty five percent (85%) of Borrowing Base Obligors’ Acceptable Accounts which are unbilled Accounts or (ii) Nine Million
Dollars ($9,000,000). 
  

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 “Borrowing Base Obligors” shall mean the entities listed in attached Schedule 1
and “Borrowing Base Obligor” shall mean each of them. 
 “Business day” means a banking business day of the
Bank. 
 “Capital Expenditure” shall mean, without duplication, any cash payment made or required to be made directly
or indirectly for the purpose of acquiring or constructing fixed assets, real property or equipment which in accordance with Generally Accepted Accounting Principles would be added as a debit to the fixed asset account of Borrower or its
Subsidiaries, including, without limitation, amounts paid or payable under any conditional sale or other title retention agreement or under any lease or other periodic payment arrangement which is of such a nature that payment obligations of
Borrower or a Subsidiary, as applicable, thereunder would be required by Generally Accepted Accounting Principles to be capitalized and shown as liabilities on the balance sheet of Borrower and its consolidated Subsidiaries. 

“Capital Lease” shall mean any lease of any property (whether real, personal or mixed) by Company or any Subsidiary as lessee
which, in conformity with Generally Accepted Accounting Principles, is, or is required to be accounted for as a capital lease on the balance sheet of Borrower and its consolidated Subsidiaries. 

“Closing Date” means the date set out in the first paragraph of this Loan Agreement. 

“Consistent Basis” shall mean, in reference to the application of Generally Accepted Accounting Principles, that the accounting
principles observed in the current period are comparable in all material respects to those applied in the preceding periods. 

“Covenant Compliance Report” shall mean the report to be furnished by Borrower to the Bank pursuant to Section 6.5(iv)
hereof, in form acceptable to the Bank and certified by a Certifying Officer. 
 “Cure Period” shall mean fifteen
(15) days with respect to a Monetary Default and thirty (30) days with respect to a Non Monetary Default. 

“EBITDA” shall mean, as of any date of determination and for any period of determination, the sum of the net income of Borrower
and its consolidated Subsidiaries, for the applicable period ending on such date of determination, plus, to the extent deducted in computing such net income, (i) income taxes paid or payable for that period (including Michigan Single Business
Tax and similar taxes), (ii) interest expense for that period, (iii) depreciation and amortization expense for that period, and (iv) non-cash charges during such period, minus cash payments made during such period with respect to
non-cash charges which have previously been added back in the calculation of EBITDA, in each case determined in accordance with GAAP. 

“Event of Default” has the meaning assigned to that phrase in Section Eight. 

 

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 “Fixed Charge Coverage Ratio” shall mean as of any date of determination thereof a
ratio the numerator of which is EBITDA for the four preceding fiscal quarters ending on such date, minus actual taxes due during such period based on Borrower’s federal, state and local tax returns, minus unfinanced Capital Expenditures during
such period, minus dividends and distributions by Borrower to its shareholders during such period and the denominator of which is all contractually scheduled payments of principal with respect to term debt during such period (including the principal
component of payments with respect to Capital Leases) plus, all payments of interest during such period (including the interest component of payments with respect to Capital Leases), plus all payments made during such period with respect to the
Borrower’s existing accrued dividend payable to its shareholders, plus all payments made during such period with respect to the Junior Debt (as defined in the Subordination Agreement), all as determined on a consolidated basis in accordance
with Generally Accepted Accounting Principles on a Consistent Basis. 
 “Funded Debt” shall mean with respect to any
Person as of any date of determination, the sum, without duplication, of (a) all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services as of such date (other than trade liabilities incurred in
the ordinary course of business and payable in accordance with customary practices) or which is evidenced by a note, bond, debenture or similar instrument, (b) all obligations of such Person under Capital Leases as of such date, (c) all
obligations of such Person in respect of unreimbursed drawings under letters of credit or similar obligations issued or created for the account of such Person as of such date, (d) all liabilities secured by any lien granted by such Person on
any property owned by such Person as of such date even though such Person has not assumed or otherwise become liable for the payment thereof, and (e) without duplication, all guarantee obligations of such Person as of such date if required to
be reported as debt of such Person in accordance with Generally Accepted Accounting Principles. 
 “Generally Accepted
Accounting Principles” shall mean those principles set forth in Opinion of the Accounting Principles Board of the American Institute of Certified Public Accountants and the Financial Accounting Standards Board, or those principles which have
other substantial authoritative support and are applicable in the circumstances as of the date of this Agreement, provided however, that with respect to the calculation of the financial covenants set forth in Section 6.9 such calculations shall
be substantially in accordance with applicable Interstate Commerce Commission regulations, but nevertheless to the extent possible, substantially consistent with Generally Accepted Accounting Principles (as hereinabove defined) as in effect on the
date of this Agreement. 
 “Government Contract” means a contract for the manufacture and sale of goods to the United
States. 
 “Guaranties” shall mean the Guaranties dated February 18, 2010 executed by the Borrowing Base Obligors
in favor of Bank, as amended or modified from time to time. 
 “Loan” means the aggregate of (i) unpaid Loan
advances from time to time outstanding pursuant to the provisions of this Loan Agreement, and (ii) the sum of the amount of any outstanding letters of credit issued by Bank for the account of Borrower and the amount of any draws under letters
of credit which have been paid by Bank and not reimbursed by Borrower. 
  

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Unless the context shall otherwise require, the terms “extensions of credit” and “indebtedness,” when used in connection with this Loan, shall also include any outstanding
letters of credit issued by Bank for the account of the Borrower, and drafts accepted pursuant thereto, as well as loan advances disbursed to the Borrower. 

“Loan Agreement” means this Loan Agreement between the Borrower and the Bank, as the same may be amended or modified from time
to time. 
 “Maximum Rate” means the maximum effective variable contract rate of interest which the Bank may lawfully
charge under applicable statutes and laws from time to time in effect. 
 “MFS Entities” shall mean CenTra, Inc., its
Subsidiaries and any other business entity which has at least 51% of its voting equity interests owned, directly or indirectly, through one or more intermediaries, by the Moroun Family Shareholders. 

“Monetary Default” shall mean any default under Section 8 of this Agreement which may be cured by the payment of money.

 “Moroun Family Shareholders” shall mean M.J. Moroun, M.T. Moroun and Trusts for their respective benefit or for the
benefit of their respective spouses and/or lineal descendents. 
 “Non-Monetary Default” shall mean any default under
Section 8 of this Agreement other than a Monetary Default. 
 “Note” means the Promissory Note of the Borrower
dated February 18, 2010, in the principal amount of Thirty Two Million Dollars ($32,000,000.00), payable to the order of the Bank which evidences the Loan, as such note may be modified, renewed or extended from time to time; and any other note
or notes executed at any time to evidence the Loan in whole or in part. 
 “Person” means an individual, partnership,
limited liability company, corporation, trust, unincorporated organization, association, joint venture or a government or agency or political subdivision thereof. 

“Property” means any interest in any kind of property or asset, whether real, personal or mixed, tangible or intangible.

 “Related Person” shall mean any Person, other than a publicly traded corporation or Person, (a) which now or
hereafter directly or indirectly through one or more intermediaries controls, or is controlled by, or is under common control with, Borrower, or (b) which now or hereafter beneficially owns or holds five percent (5%) or more of the capital
stock of Borrower, or (c) five percent (5%) or more of the capital stock of which is beneficially owned or held by Borrower. For the purposes hereof, “control” shall mean possession, directly or indirectly, of the power to direct
or cause the direction of the management and policies of a Person, whether through the ownership of voting stock or the right to vote voting stock. 
  

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 “Security Agreements” shall mean the Security Agreements and Amended and Restated
Security Agreements dated February 18, 2010 executed by the Borrowing Base Obligors and the Borrower in favor of the Bank as amended or modified from time to time.” 

“Senior Leverage Ratio” shall mean, as of the date of determination, that ratio determined by a fraction: 

(a) the numerator of which is the Senior Liabilities; and 

(b) the denominator of which is EBITDA for the four preceding fiscal quarters ending on such date of determination. 

“Senior Liabilities” shall mean all Funded Debt of Borrower and its consolidated Subsidiaries other than Funded Debt which is
subordinated to the Loan under a written subordination agreement in form and substance acceptable to Bank. 

“Subordination Agreement” shall mean the Debt Subordination Agreement dated February 9, 2009 (and effective as of
December 31, 2008) by and among CenTra, Inc., Borrower and Bank. 
 “Subsidiary” shall mean a corporation or
other entity of which more than fifty percent (50%) of the outstanding voting stock or equivalent equity interests are owned by Borrower, either directly or indirectly, through one or more intermediaries. 

“Supplemental Schedule” shall mean a schedule reviewed by Borrower’s auditors which includes the information set forth on
attached Schedule 2. 
 “Termination Date” shall mean the
30th day of July, 2011, unless such date is extended
pursuant to the provisions of Section 9.12 hereof, in which event such extended date shall be the Termination Date. 

“United States” means the government of the United States of America or any department, agency, division or instrumentality
thereof. 
 SECTION TWO: COMMITMENT AND FUNDING 

2.1 The Commitment. Subject to the terms and conditions herein set out, the Bank agrees and commits (the “Commitment”),
from time to time, from the Closing Date until the Termination Date, to make loan advances to the Borrower and to issue letters of credit (in an aggregate amount not exceeding $2,000,000 at any time outstanding) for the account of the Borrower (or
jointly and severally with the Borrower and a Subsidiary), all in an aggregate principal amount not to exceed, at any one time outstanding, the lesser of (a) Thirty-Two Million Dollars ($32,000,000.00); or (b) the Borrower’s Borrowing
Base, as defined in Section One. 
 2.2 Funding the Loan; Extending Credit. Each loan advance hereunder shall be made by
depositing the same to the checking account of the Borrower in Bank, or in such other manner as the Borrower and Bank may, from time to time, agree. 
  

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 2.3 The Note and Interest. (a) All advances with respect to
the Loan shall be evidenced by the promissory note of the Borrower, payable to the order of the Bank in the principal amount of Thirty-Two Million Dollars ($32,000,000.00), in form substantially the same as the copy of the Note attached hereto as
Exhibit “A.” The entire principal amount of the Loan shall be due and payable on the Termination Date. The unpaid principal balances of the Loan shall bear interest from the Closing Date on disbursed and unpaid principal balances as
specified in the Note. Said interest shall be payable monthly on the first
(1st) day of each month after the Closing Date, with
the final installment of interest being due and payable on the Termination Date, or on such earlier date as the Loan shall become due and payable. 

(b) In the event that the Bank should at any time agree to increase the amount of the Commitment, the Borrower will either execute a new
note for the amount of such increase, or a new note for the aggregate increased amount of the commitment; and in either event, the term “Note”, as used herein, shall be deemed to mean and include such new note, as the circumstances shall
require. 
 2.4 Servicing Fee. The Borrower agrees to pay to the Bank a servicing fee in the amount of Seventy Five
Thousand Dollars ($75,000.00) per annum (with credit for the portion of the fee paid through March 31, 2010 under the Existing Loan Agreement) payable as follows: Twenty Five Thousand Dollars ($25,000) to be payable on April 1, 2010 and
Seventy Five Thousand Dollars ($75,000) to be payable on August 1, 2010 and annually on August 1 of each year thereafter while this Agreement is in effect. 

2.5 Use of Proceeds. Proceeds of the Loan shall be used solely for working capital purposes of Borrower and its Subsidiaries and
for other general corporate purposes. 
 SECTION THREE: REQUIRED PAYMENTS, PLACE OF PAYMENT, ETC. 

3.1 Required Repayments. In the event that the outstanding principal balance of the Loan shall at any time exceed the
Borrower’s Borrowing Base, the Borrower will within two (2) Business Days upon discovery of the existence of such excess, make a principal payment which will reduce the outstanding principal balance of the Loan to an amount which does not
exceed the Borrowing Base. 
 3.2 Place of Payments. All payments of principal and interest on the Loan and all payments
of fees required hereunder shall be made to the Bank, at its address listed at the beginning of this Agreement, in immediately available funds. 

3.3 Payment on Nonbusiness Days. Whenever any payment of principal, interest or fees to be made on the indebtedness evidenced by
the Note shall fall due on a Saturday, Sunday or public holiday under the laws of the State of Michigan, such payment shall be made on the next succeeding business day. 
  

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 SECTION FOUR: CONDITIONS OF LENDING 

4.1 Conditions Precedent to Closing and Funding Initial Advance. The obligation of the Bank to fund the initial Loan advance
hereunder is subject to the condition precedent that the Bank shall have received, on or before the Closing Date, all of the following in form and substance satisfactory to the Bank: 

(a) Promissory Note (the “Note”) from the Borrower payable to the order of the Bank in the principal amount of Thirty-Two
Million Dollars ($32,000,000.00). 
 (b) The Security Agreements of the Borrowing Base Obligors and the Borrower dated of even
date herewith, pledging all of their Accounts Receivable as collateral security for the Loan. 
 (c) The Guaranties of the
Borrowing Base Obligors dated of even date herewith. 
 (d) The Subordination Agreement (the prior receipt of which is
acknowledged by Bank). 
 (e) Such Uniform Commercial Code Financing Statements as the Bank may require in order to give record
notice of its security interest in the items listed as collateral in the Security Agreements, and Borrower shall reimburse Bank for all recording fees and taxes for the recording of such Financing Statements. 

(f) Certified corporate resolutions of Borrower and the Borrowing Base Obligors, and certificate(s) of good standing for Borrower and the
Borrowing Base Obligors from the state of its incorporation and such other states as Bank shall require, together with a copy of the charter and bylaws of the Borrower and the charters of the Borrowing Base Obligors. 

(g) UCC lien searches from such recording officers as Bank shall specify, evidencing the priority of the Bank’s lien(s) under the
Security Agreements over any other liens or encumbrances. 
 (h) The opinion of Borrower’s and the Borrowing Base
Obligors’ counsel that the transactions herein contemplated have been duly authorized by all requisite corporate authority, that this Loan Agreement and the other instruments and documents herein referred to have been duly authorized, validly
executed and are in full force and effect, and pertaining to such other matters as the Bank may require. 
 (i) Such other
information and documentation as Bank shall reasonably deem to be necessary or desirable in connection with the funding of the Loan. 

4.2 Conditions Precedent to All Credit Extensions. The obligation of the Bank to extend credit or make loan advances pursuant
hereto (including the initial advance at the Closing Date) shall be subject to the following additional conditions precedent: 

(a) The Borrower shall have furnished to the Bank each of the items referred to in Section 4.1 hereof, all of which shall remain in
full force and effect as of the date of such requested credit extension or loan advance (notwithstanding that the Bank may not have required any such item to be furnished prior to the Closing Date). 

 

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 (b) The Borrower shall not be in default of any of the terms and provisions hereof or of any
instrument or document now or at any time hereafter evidencing or securing all or any part of the Loan indebtedness and extensions of credit. Each of the Warranties and Representations of the Borrower, as set out in Section Five hereof shall remain
true and correct in all material respects as of the date of such Loan advance. 
 (c) On the Closing Date and thereafter as
frequently as required by Section 6.5(iii) of this Agreement, the Borrower shall furnish a borrowing base report executed by a duly authorized officer of Borrower in the form agreed to by Borrower and Bank. 

SECTION FIVE: REPRESENTATIONS AND WARRANTIES 

Borrower represents and warrants that: 

5.1 Incorporation. It is a corporation duly organized, validly existing and in good standing under the laws of the State of
Michigan; it has the power and authority to own its properties and assets and is duly qualified to carry on its business in every jurisdiction wherein such qualification is necessary. 

5.2 Power and Authority. The execution, delivery and performance of this Loan Agreement and the Note and Security Agreements,
executed pursuant thereto by the Borrower or the Borrowing Base Obligors as applicable, have been duly authorized by all requisite action and will not violate any provision of law, any order of any court or other agency of government, the Articles
of Incorporation or Bylaws of the Borrower or any Borrowing Base Obligor, any provision of any indenture, agreement or other instrument to which Borrower or any Borrowing Base Obligor is a party, or by which Borrower’s or any Borrowing Base
Obligor’s properties or assets are bound, or be in conflict with, result in a breach of, or constitute (with due notice or lapse of time or both) a default under any such indenture, agreement or other instrument, or result in the creation or
imposition of any lien, charge or encumbrance of any nature whatsoever upon any of the properties or assets of Borrower or any Borrowing Base Obligor, except for liens and other encumbrances provided for and securing the indebtedness covered by this
Loan Agreement. 
 5.3 Financial Condition. (a) (i) The balance sheet of Borrower for the fiscal year ended as
of December 31, 2008, and the related statement of income, retained earnings and changes in financial conditions for the year then ended, and (ii) the unaudited balance sheet of Borrower dated as of December 31, 2009, a copy of each
of which has been furnished to the Bank, together with any explanatory notes therein referred to and attached thereto, are correct and complete and fairly present the financial condition of Borrower as at the respective dates of said balance sheets
and the results of its operations for said periods. All such financial statements have been prepared in accordance with Generally Accepted Accounting Principles applied on a consistent basis maintained through the period involved. 

(b) Except as provided in Schedule 5.3(b), there has been no material adverse change in the business, properties or condition, financial
or otherwise, of Borrower since December 31, 2009. 
  

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 5.4 Title to Assets. Borrower has good and marketable title to all material
properties and assets reflected on the balance sheet referred to in Section 5.3 hereof, except for (i) such assets as have been disposed of since said date as no longer used or useful in the conduct of business, (ii) Accounts
Receivable collected and properly accounted for, and (iii) items which have been amortized in accordance with Generally Accepted Accounting Principles applied on a consistent basis. 

5.5 Litigation. There is no action, suit or proceeding at law or in equity or by or before any governmental instrumentality or
other agency now pending, or, to the knowledge of the Borrower threatened against or affecting Borrower or any Borrowing Base Obligor, or any properties or rights of Borrower or any Borrowing Base Obligor, which, if adversely determined, would
materially and adversely affect the financial condition of Borrower and the Borrowing Base Obligors (taken as a whole). 
 5.6
Taxes. Borrower has filed or caused to be filed all federal, state or local tax returns which are required to be filed, and has paid all taxes as shown on said returns or on any assessment received by it, to the extent that such taxes have
become due, except as otherwise permitted by the provisions hereof (see Section 6.4). 
 5.7 Contracts or
Restrictions. Neither Borrower nor any Borrowing Base Obligor is a party to any agreement or instrument or subject to any charter or other corporate restrictions adversely affecting its business, properties or assets, operations or financial
condition. 
 5.8 No Default. Neither Borrower nor any Borrowing Base Obligor is in default in the performance,
observance or fulfillment of any of the obligations, covenants, or conditions contained in any agreement or instrument to which it is a party, which does or will in the foreseeable future materially and adversely affect its business or operations.

 5.9 Patents and Trademarks. Borrower possesses all necessary patents, trademarks, trade names, copyrights, and
licenses necessary to the conduct of its businesses. 
 5.10 ERISA. Borrower and the Borrowing Base Obligors are in
compliance with all applicable provisions of the Employees Retirement Income Security Act of 1974 (“ERISA”) and all other laws, state or federal, applicable to any employees’ retirement plan maintained or established by them.

 SECTION SIX: AFFIRMATIVE COVENANTS OF BORROWER 

Borrower covenants and agrees that from the date hereof and until payment in full of the principal of and interest on the Loan, unless the
Bank shall otherwise consent in writing, such consent to be at the discretion of the Bank, Borrower will: 
 6.1 Business and
Existence. Perform all things necessary to preserve and keep in full force and effect its existence, rights and franchises, comply with all laws applicable to it and continue to conduct and operate its business. 

 

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 6.2 Maintain Property. Maintain, preserve, and protect all franchises, and trade
names and preserve all the remainder of its properties used or useful in the conduct of its business substantially as conducted and operated during the present and preceding fiscal year; preserve all the remainder of its properties used or useful in
the conduct of its business and keep the same in good repair, working order and condition, and from time to time make, or cause to be made, all needed and proper repairs, renewals, replacements, betterments and improvements thereto so that the
business carried on in connection therewith may be properly conducted at all times. 
 6.3 Insurance. At all times
maintain in some company or companies (having a Best’s rating of A- or better) approved by Bank, comprehensive public liability insurance covering claims for bodily injury, death, and property damage, with minimum limits satisfactory to
the Bank, but in any event not less than those amounts customarily maintained by companies in the same or substantially similar business; 

6.4 Obligations, Taxes and Liens. Pay all of its indebtednesses and obligations promptly in accordance with normal terms and
practices of its business and pay and discharge or cause to be paid and discharged promptly all taxes, assessments, and governmental charges or levies imposed upon it or upon any of its income, profits, or properties, real, personal or mixed, or
upon any part thereof, before the same shall become in default, as well as all lawful claims for labor, materials, and supplies which otherwise, if unpaid, might become a lien or charge upon such properties or any part thereof; provided, however,
that the Borrowers shall not be required to pay and discharge or to cause to be paid and discharged any such tax, assessment, trade payable, charge, levy or claim so long as the validity thereof shall be contested in good faith by appropriate
proceedings satisfactory to Bank, and Bank shall be furnished, if Bank shall so request, bond or other security protecting it against loss in the event that such contest should be adversely determined. 

6.5 Financial Reports and Other Data. 

(i) Furnish to the Bank as soon as available, and in any event within one hundred eighty (180) days after the end of
each fiscal year of Borrower, audited consolidated balance sheets and statements of income of Borrower and its Subsidiaries which have been certified by an independent Certified Public Accountant acceptable to the Bank, showing the financial
condition of Borrower and at the close of such year and the results of operations during such year, together with a Supplemental Schedule; and, within fifty (50) days after the end of each of the first three fiscal quarters of each year,
financial statements similar to those mentioned above, on a consolidated basis, not audited, such balance sheets to be as of the end of each such quarter, and such statements of income to be for the period from the beginning of the fiscal year to
the end of such quarter, in each case subject only to audit and year-end adjustment. Borrower shall use good faith efforts to submit the unaudited financial statements as certified by the Treasurer or other appropriate financial officer
(“Certifying Officer”). Borrower’s failure to submit a certificate of the Certifying Officer with the unaudited financial statements shall not constitute an Event of Default, but any submission of Borrower shall automatically have
been deemed to make the certifications in the preceding sentence when Borrower submits any financial statements to the Bank. The certificate of the Certifying Officer shall state that the attached financial statement, together with any explanatory
notes therein referred to and attached thereto, is correct and complete and 
  

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fairly presents the financial condition of the Borrower as of the date of the financial statement, and the results of its operations for the period ending on the date reflected in said financial
statement; and that such financial statement has been prepared in accordance with generally accepted accounting principles applied on a consistent basis maintained throughout the period involved. 

(ii) Borrower’s delivery to Bank of each set of financial statements pursuant to Section 6.5(i) hereof shall
constitute a certification to the effect that such financial statements set forth the information required in order to establish whether the Borrower was in compliance with the requirements set forth in Section 6.9 of this Agreement during and
as of the end of the period covered by the financial statements then being furnished. 

(iii) Furnish to Bank on or before the twentieth
(20th) day of each month (or at such other frequency
as Bank may require) a borrowing base certificate as of the last day of the preceding month, together with an aging of Accounts Receivable in form acceptable to Bank (which borrowing base certificate and aging shall contain a certification that all
of the Accounts Receivable included in the borrowing base certificate and aging are owned by a Borrowing Base Obligor and shall include a summary of the top ten largest customers of the Borrowing Base Obligors, aged out, a breakout of Accounts with
respect to whether the Account Debtor is CenTra, Inc. or one of its Subsidiaries and a breakout of unbilled Accounts). 

(iv) Together with Borrower’s delivery of each set of financial statements pursuant to Section 6.5(i) a Covenant
Compliance Report detailing whether the Borrower is in compliance with the provisions of Section 6.9. 
 6.6 [Intentionally
Deleted] 
 6.7 Notice of Default. Within three (3) Business Days after any officer of Borrower first has knowledge
or notice, furnish the Bank with written notice of the occurrence of any event or the existence of any event, circumstance, or condition which constitutes or upon notice, lapse of time, or both, would constitute an Event of Default under the terms
of this Loan Agreement. 
 6.8 [Intentionally Omitted] 

6.9 Financial Covenants. Maintain the following financial status as of the end of each fiscal quarter of the Borrower as
hereinafter set forth, on a consolidated basis with all Subsidiaries, and each defined term used in this Section 6.9, or incorporated or used in the calculations herein required of any defined term, shall be determined on a consolidated basis
of Borrower and all Subsidiaries: 
 (i) Senior Leverage Ratio not to exceed 3.25 to 1.0; and 

(ii) A Fixed Charge Coverage Ratio of not less than 1.25 to 1.0. 

6.10 Right of Inspection. Permit the Bank, upon two (2) Business Days notice to visit and inspect any of the properties,
corporate books and financial reports of the Borrower and to discuss its affairs, finances and accounts with its principal officers, at all such reasonable times and as often as the Bank may reasonably request. 

 

 - 12 - 

 6.11 Future Government Contracts. Execute appropriate instruments of assignment in
favor of Bank of any Government Contracts at any time hereafter entered into by Borrower. 
 SECTION SEVEN: NEGATIVE COVENANTS OF BORROWER

 Borrower covenants and agrees that at all times from and after the Closing Date, unless the Bank shall otherwise consent in
writing, such consent to be at the discretion of the Bank, it will not, either directly or indirectly: 
 7.1 Dividends,
Redemptions and Other Payments. (a) Declare or pay, or set aside any sum for the payment of, any dividends or make any other distribution upon any shares of its capital stock of any class, or (b) purchase, redeem or other otherwise
acquire for value any shares of its capital stock of any class, or commit to do any of same, or set aside any sum therefor, or permit any subsidiary to purchase or acquire for value any shares of its capital stock of any class, or commit to do any
of the same, or set aside any sum therefor, or (c) make any payment to a profit sharing plan or to any other retirement or pension plan to or for the benefit of management shareholders which exceeds (based on a percentage of compensation)
similar payments made for the benefit of all employees of the Borrower; provided that the above clauses (a) and (c) shall only apply where the taking of any such action will result in a default in the financial covenants as contained at
Section 6.9 herein. 
 7.2 Advances to Affiliates. Make loans or advances, or permit its Subsidiaries to make loans
or advances, to Affiliates (other than Subsidiaries of Company) in an aggregate amount in excess of Seven Million Dollars ($7,000,000); provided that in calculating such limitation, trade receivables arising in the ordinary course of business in
connection with arms-length transactions shall be disregarded. 
 SECTION EIGHT: EVENTS OF DEFAULT 

An “Event of Default” shall exist if, subject to the provisions of Section 8.8, any of the following shall occur:

 8.1 Payment of Principal, Interest. The Borrower defaults in the prompt payment as and when due of the principal of or
interest on the Loan or any fees due under this Loan Agreement, or in the prompt payment when due of any other indebtednesses, liabilities, or obligations to the Bank, whether now existing or hereafter created or arising; direct or indirect,
absolute or contingent; or 
 8.2 Payment of Other Obligations. The Borrower defaults with respect to any other agreement
to which it is a party or with respect to any other indebtedness when due or the performance of any other obligation incurred in connection with any indebtedness for borrowed money, where the amount of such obligation or indebtedness is Five Million
Dollars ($5,000,000.00) or more and if the effect of such default is to accelerate the maturity of such indebtedness, or if the effect of such default is to permit the holder thereof to cause such indebtedness to become due prior to its stated
maturity; or 
  

 - 13 - 

 8.3 Representation or Warranty. Any representation or warranty made by the Borrower
herein, or in any report, certificate, financial statement or other writing furnished in connection with or pursuant to this Loan Agreement shall prove to be false, misleading or incomplete in any material respect on the date as of which made or any
representation or warranty made by any Borrowing Base Obligor in its Security Agreement, or in any report, certificate, financial statement or other writing furnished in connection with or pursuant to the Security Agreement or this Loan Agreement
shall prove to be false, misleading or incomplete in any material respect on the date as of which made; or 
 8.4
Covenants. The Borrower or any Borrowing Base Obligor defaults in the performance or observance of any covenant, condition, agreement or undertaking on its part to be performed or observed, as contained herein, in the applicable Security
Agreement or in any other instrument or document which now or hereafter evidences, secures or relates to all or any part of the Loan or any extensions of credit made pursuant hereto; or 

8.5 Bankruptcy, Etc. The Borrower, or any Borrowing Base Obligor shall make an assignment for the benefit of creditors, file a
petition in bankruptcy, petition or apply to any tribunal for the appointment of a custodian, receiver or any trustee for it or him or a substantial part of its, his or her assets, or shall commence any proceeding under any bankruptcy,
reorganization, arrangement, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction, whether now or hereafter in effect; or if there shall have been filed any such petition or application, or any such proceeding shall
have been commenced against Borrower, or any Borrowing Base Obligor, in which an order for relief is entered or which remains undismissed for a period of thirty (30) days or more; or Borrower, or any Borrowing Base Obligor by any act or
omission shall indicate its consent to, approval of or acquiescence in any such petition, application or proceeding or order for relief or the appointment of a custodian, receiver or any trustee for it or him or any substantial part of any of its,
his or her properties, or shall suffer any such custodianship, receivership or trusteeship to continue undischarged for a period of thirty (30) days or more; or Borrower, or any Borrowing Base Obligor shall generally not pay its debts as such
debts become due; or 
 8.6 Concealment of Property, Etc. The Borrower, or any Borrowing Base Obligor shall have
concealed, removed, or permitted to be concealed or removed, any part of its property, with intent to hinder, delay or defraud its creditors or any of them, or made or suffered a transfer of any of its property which may be fraudulent under any
bankruptcy, fraudulent conveyance or similar law; or shall have made any transfer of its property to or for the benefit of a creditor at a time when other creditors similarly situated have not been paid; or shall have suffered or permitted, while
insolvent, any creditor to obtain a lien upon any of its property through legal proceedings or distraint which is not vacated within thirty (30) days from the date thereof; or 

8.7 Revocation of Guaranty. Any person obligated under a Guaranty shall revoke its Guaranty; or 

8.8 Notice and Cure Periods. The occurrence of any foregoing events listed in Section 8.1, 8.2, 8.3, 8.4, 8.5 and 8.6 hereof
shall be an Event of Default if the same remains uncured in full after the Bank has provided written notice to Borrower and Borrower’s or the applicable Borrowing Base Obligor’s failure to cure within the applicable Cure Period.

  

 - 14 - 

 8.9 Remedy. Upon the occurrence of any event, circumstance or condition which
constitutes or would with the giving of notice, lapse of time, or both constitute an Event of Default, as specified herein, the Bank shall, at its option, be relieved of any obligation to make further loan advances or extensions of credit under this
Agreement; and if such event, circumstance, or condition becomes an Event of Default, the Bank may, at its option, thereupon declare the entire Loan indebtedness and all other extensions of credit under or related to this Agreement to be immediately
due and payable for all purposes, and may exercise all rights and remedies available to it under the Security Agreement, or any other instrument or document which secures the Loan indebtedness, or available at law or in equity. All such rights and
remedies are cumulative and nonexclusive, and may be exercised by the Bank concurrently or sequentially, in such order as the Bank may choose. Upon the occurrence and during the continuance of any Event of Default, Borrower shall immediately upon
demand by Bank deposit with Bank cash collateral in the amount equal to the maximum amount available to be drawn at any time under any letter of credit then outstanding. 

SECTION NINE: MISCELLANEOUS 

9.1 Amendments. The provisions of this Loan Agreement, the Note or any instrument or document executed pursuant hereto or securing
the Loan indebtedness may be amended or modified only by an instrument in writing signed by the parties hereto. 

9.2 Notices. All notices and other communications provided for hereunder (except for routine informational
communications) shall be in writing and shall be mailed, certified mail, return receipt requested, sent by overnight courier service, or delivered, if to the Borrower, to it at the address reflected at the beginning of this Agreement to the
Attention of David Crittenden, with a copy to Kemp, Klein, Umphrey, Endelman & May, P.C., Suite 600, Columbia Center, 201 West Big Beaver Road, Troy, Michigan 48099, Attention: Ralph Castelli; if to the Bank, to it at 28801 Groesbeck,
Roseville, Michigan 48066, Attention: Group Manager, with a copy to Bodman LLP,
6th Floor at Ford Field, 1901 St. Antoine Street, Detroit,
Michigan 48226, Attention: Larry R. Shulman; or as to any such person at such other address as shall be designated by such person in a written notice to the other parties hereto complying as to delivery with the terms of this Section 9.2. All
such notices and other communications shall be effective (i) if mailed, when received or three (3) business days after mailing, whichever is earlier; (ii) if sent by overnight courier service, when received or one (1) business
day following the sending thereof (whichever is earlier); or (iii) if delivered, upon delivery. 
 9.3 No Waiver,
Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Bank, any right, power or privilege hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or
privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege. Waiver of any right, power, or privilege hereunder or under any instrument or document now or hereafter securing the
indebtedness evidenced hereby or under any guaranty at any time given with respect thereto is a waiver only as to the specified item. The rights and remedies herein provided are cumulative and not exclusive of any rights or remedies provided by law.

  

 - 15 - 

 9.4 Survival of Agreements; Assignments. All agreements, representations and
warranties made herein shall survive the delivery of the Note. This Loan Agreement shall be binding upon, and inure to the benefit of the parties hereto and their respective successors and permitted assigns, except that the Borrower shall not have
the right to assign its rights hereunder or any interest therein and Bank shall not have the right to assign any part of the Loan or grant participations therein without the consent of the Borrower whose consent shall not be unreasonably withheld.

 9.5 Liens; Setoff by Bank. Borrower hereby grants to the Bank a continuing lien, as security for the Note and all
other indebtednesses, liabilities, and obligations of the Borrower to the Bank, upon any and all of its moneys, securities and other property and the proceeds thereof, now or hereafter held or received by or in transit to, the Bank from or for
Borrower, and also upon any and all deposits (general or special, matured or unmatured) and credits of the Borrower against the Bank, at any time existing. Upon the occurrence of any Event of Default as specified above, the Bank is hereby authorized
at any time and from time to time, following three (3) Business Days notice to Borrower to set off, appropriate, and apply any and all items hereinabove referred to against any or all indebtednesses of the Borrower to the Bank. 

9.6 Governing Law. This Loan Agreement shall be governed and construed in accordance with the laws of the State of Michigan.

 9.7 Execution in Counterparts. This Loan Agreement may be executed in any number of counterparts, each of which when
so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same instrument. 

9.8 Terminology; Section Headings. All personal pronouns used in this Loan Agreement whether used in the masculine, feminine, or
neuter gender, shall include all other genders; the singular shall include the plural, and vice versa. Section headings are for convenience only and neither limit nor amplify the provisions of this Loan Agreement. 

9.9 Enforceability of Agreement. Should any one or more of the provisions of this Loan Agreement be determined to be illegal or
unenforceable, all other provisions, nevertheless, shall remain effective and binding on the parties hereto. 
 9.10 Interest
Limitations. It is the intention of the parties hereto to comply strictly with all applicable usury and similar laws; and, accordingly, in no event and upon no contingency shall the Bank ever be entitled to receive, collect, or apply as interest
any interest, fees, charges or other payments equivalent to interest, in excess of the Maximum Rate. Any provision hereof, or of any other agreement executed by the Borrower that would otherwise operate to bind, obligate or compel the Borrower to
pay interest in excess of such Maximum Rate or fees in excess of the maximum lawful amount shall be construed to require the payment of the maximum rate or amount only. 

9.11 Non-Control. In no event shall the Bank’s rights hereunder be deemed to indicate that, the Bank is in control of the
business, management or properties of the Borrower or has power over the daily management functions and operating decisions made by the Borrower, all such rights and powers being hereby expressly reserved to the Borrower. 

 

 - 16 - 

 9.12 Extensions of Termination Date; Continuing Security. (a) The specific
Termination Date mentioned in Section One may, in the sole and unrestricted discretion of the Bank, by written notice to the Borrower, be extended one or more times to a subsequent date or dates unless, not later than thirty (30) days prior to
the specific Termination Date mentioned in Section One, or, in the event of the extension of such Termination Date, not later than thirty (30) days prior to any such then effective extended Termination Date, the Borrower shall notify the Bank
in writing that this Agreement shall not be further extended. The Bank shall be under no obligation whatsoever to extend the initial Termination Date, or to further extend any subsequent Termination Date to which the Bank has previously agreed in
writing, any extensions of the initial or any subsequent Termination Date being in the sole and unrestricted judgment and discretion of the Bank. 

(b) Upon the specific Termination Date so fixed in Article One, or in the event of the extension of this Agreement to a subsequent
Termination Date (when no effective extension is in force), the Loan and all other extensions of credit (unless sooner declared to be due and payable by the Bank pursuant to the provisions hereof) shall become due and payable for all purposes. Until
all such indebtednesses, liabilities and obligations secured by the Security Agreement are satisfied in full, such termination shall not affect the security interest granted to Bank pursuant to the Security Agreement, nor the duties, covenants, and
obligations of the Borrower therein and in this Agreement; and all of such duties, covenants and obligations shall remain in full force and effect until the Loan and all other indebtednesses, liabilities and obligations of the Borrower to the Bank
shall have been fully paid and satisfied in all respects. 
 9.13 Fees and Expenses. The Borrower agrees to pay, or
reimburse the Bank for, the actual out-of-pocket expenses, including reasonable counsel fees and fees of any accountants, inspectors or other similar experts, on a time and charges basis, as reasonably deemed necessary by the Bank, incurred by the
Bank in connection with the development, preparation, execution, amendment, recording, administration (excluding the salary of Bank’s employees and Bank’s normal and usual overhead expenses, but including the costs of any field exams of
Borrower and the Borrowing Base Obligors, which cost for field exams, so long as there is no Event of Default, shall not exceed $6,000.00 annually) or enforcement of, or the preservation of any rights under this Loan Agreement, the Note, the
Security Agreements, and any other instrument or document which now or hereafter secures the Loan. 
 9.14 Time of
Essence. Time is of the essence of the Borrower’s obligations under this Loan Agreement, the Note, and the other instruments and documents executed and delivered in connection herewith. 

9.15 Conflict. In the event of any express conflict between the provisions hereof and the provisions of the Note, the Security
Agreements, or any other loan document with the Bank during the continuance of this Agreement the provisions of this Agreement shall control; provided that with respect to Section 9.10 hereof, the provisions of the Note shall control.

 9.16 As to the Bank’s Base Rate. Borrower acknowledges that the Bank’s Base Rate is one of several interest
rate indices employed by the Bank; and that the Bank has made and may hereafter make loans bearing interest at rates which are higher or lower than the Bank’s Base Rate. 

 

 - 17 - 

 9.17 Reports. Except as otherwise expressly set forth herein, all certificates and
reports to be furnished by the Borrower to the Bank shall be furnished by the President or Treasurer of the Borrower. 
 9.18
Amendment and Restatement. This Loan Agreement constitutes an amendment to and restatement in its entirety of the Existing Loan Agreement, which Existing Loan Agreement is fully superseded and amended and restated in its entirety hereby
without constituting a novation; provided, however, that the Loans governed by the Existing Loan Agreement shall remain outstanding and in full force and effect (subject to the terms hereof), including the reduction in the original amount thereof.

  

 - 18 - 

 IN WITNESS WHEREOF, the Borrower and the Bank have caused this Agreement to be executed by
their respective officers, duly authorized so to do, all as of the day and year first above written. 
  

			
	LINC LOGISTICS COMPANY
		
	By:	 	 /S/ H. E. WOLFE

	Title:	 	 PRESIDENT

		
		 	BORROWER
	
	COMERICA BANK
		
	By:	 	 /S/ WILLIAM J. SCARBOROUGH

		 	William J. Scarborough
	Title:	 	Vice President
		
		 	BANK

  

 - 19 - 

 LIST OF EXHIBITS TO LOAN AGREEMENT 

Exhibit “A” - Form of Promissory Note 

 EXHIBIT “A” 

TO LOAN AGREEMENT 

(Form of Promissory Note) 
  

 A-1 

			
	

	  	Master Revolving Note
	  	 LIBOR-based Rate/Daily Adjusting LIBOR Rate

Maturity Date-Optional Advances (Business and Commercial Loans Only)

 

					
	 AMOUNT
	 	 NOTE DATE
	 	 MATURITY DATE

	 $32,000,000
	 	February 18, 2010	 	July 30, 2011

 On or before the
Maturity Date set forth above, FOR VALUE RECEIVED, the undersigned promise(s) to pay to the order of COMERICA BANK (herein called “Bank”), at any office of the Bank in the State of Michigan, the principal sum of THIRTY TWO MILLION DOLLARS
($32,000,000), or so much of said sum as has been advanced and is then outstanding under this Note, together with interest thereon as hereinafter set forth. 

This Note is a note under which Advances, repayments and re-Advances may be made from time to time, subject to the terms and conditions of this Note and
the Amended and Restated Loan Agreement dated February 18, 2010 between Borrower and Bank (as amended or modified from time to time, the “Loan Agreement”); provided, however, in no event shall Bank be obligated to make any Advances or
re-Advances hereunder (notwithstanding anything expressed or implied herein or elsewhere to the contrary) in the event that any Event of Default, or any condition or event which, with the giving of notice or the running of time, or both, would
constitute an Event of Default, shall have occurred and be continuing or exist. The Maturity Date may be extended one or more times pursuant to the provisions of the Loan Agreement. 

Subject to the terms and conditions of this Note, each of the Advances made hereunder shall bear interest at the LIBOR-based Rate plus the Applicable
Margin or the Daily Adjusting LIBOR Rate plus the Applicable Margin, as elected by the undersigned or as otherwise determined under this Note, except during any period of time during which, in accordance with the terms and conditions of this Note,
the Indebtedness hereunder shall bear interest at the Prime Referenced Rate plus the Applicable Margin. 
 Accrued and unpaid interest on the
unpaid balance of each outstanding Advance hereunder shall be payable monthly, in arrears, on the first Business Day of each month, until maturity (whether as stated herein, by acceleration, or otherwise). Interest accruing on the basis of the Daily
Adjusting LIBOR Rate and on the basis of the Prime Referenced Rate (to the extent applicable) shall be computed on the basis of a year of 365 or 366 days, as applicable, and shall be assessed for the actual number of days elapsed, and in such
computation, effect shall be given to any change in the Applicable Interest Rate as a result of any change in the Daily Adjusting LIBOR Rate or, to the extent applicable, the Prime Referenced Rate, on the date of each such change. Interest accruing
on the basis of the LIBOR-based Rate shall be computed on the basis of a 360 day year and shall be assessed for the actual number of days elapsed from the first day of the Interest Period applicable thereto but not including the last day thereof.

 From and after the occurrence of any Event of Default hereunder, and so long as any such Event of Default remains unremedied or uncured
thereafter, the Indebtedness outstanding under this Note shall bear interest at a per annum rate of three percent (3%) above the otherwise Applicable Interest Rate(s), which interest shall be payable upon demand. In addition to the foregoing, a
late payment charge equal to four percent (4%) of each late payment hereunder may be charged on any payment not received by Bank within ten (10) calendar days after the payment due date therefor, but acceptance of payment of any such
charge shall not constitute a waiver of any Event of Default hereunder. 
 In no event shall the interest payable under this Note at any time
exceed the maximum rate permitted by law. 
 The amount and date of each Advance from time to time outstanding under this Note, its Applicable
Interest Rate, its Interest Period, if applicable, and the amount and date of any repayment shall be noted on Bank’s records, which records shall be presumed to be correct, absent demonstrable error (subject to the undersigned’s right to
contest such records within thirty days of receipt of written statements setting forth such information); provided, however, any failure by Bank to make any such notation, or any error in any such notation, shall not relieve the undersigned of
its/their obligations to repay Bank all amounts payable by the undersigned to Bank under or pursuant to this Note, when due in accordance with the terms hereof. 

The undersigned may request an Advance hereunder, including the refunding of an outstanding Advance as the same type of Advance or the conversion of an
outstanding Advance to another type of Advance, upon the delivery to Bank of a Request for Advance executed by the undersigned, subject to the following: (a) no Event of Default, or any condition or event which, with the giving of notice or the
running of time, or both, would constitute an Event of Default, shall have occurred and be continuing or exist under this Note; (b) each such Request for Advance shall set forth the information

 
required on the Request for Advance form annexed hereto as Exhibit “A”; (c) each such Request for Advance shall be delivered to Bank by 11:00 a.m. (Detroit, Michigan time) on the
proposed date of the requested Advance; (d) the principal amount of each LIBOR-based Advance shall be at least Two Hundred Fifty Thousand Dollars ($250,000.00) (or such lesser amount as is acceptable to Bank in its sole discretion);
(e) the proposed date of any refunding of any outstanding LIBOR-based Advance as another LIBOR-based Advance or the conversion of any outstanding LIBOR-based Advance to another type of Advance shall only be on the last day of the Interest
Period applicable to such outstanding LIBOR-based Advance; and (f) after giving effect to such Advance, the aggregate unpaid principal amount of Advances outstanding under this Note shall not exceed the face amount of this Note. 

Advances hereunder may be requested in the undersigned’s discretion by telephonic notice to Bank. Any Advance requested by telephonic notice shall
be confirmed by the undersigned that same day by submission to Bank, either by first class mail, facsimile or other means of delivery acceptable to Bank, of the written Request for Advance aforementioned. The undersigned acknowledge(s) that if Bank
makes an Advance based on a telephonic request, it shall be for the undersigned’s convenience and all risks involved in the use of such procedure shall be borne by the undersigned, and the undersigned expressly agree(s) to indemnify and hold
Bank harmless therefor. Bank shall have no duty to confirm the authority of anyone requesting an Advance by telephone. 
 If, as to any
outstanding LIBOR-based Advance, Bank shall not receive a timely Request for Advance, or telephonic notice, in accordance with the foregoing requesting the refunding or continuation of such Advance as another LIBOR-based Advance for a specified
Interest Period or the conversion of such Advance to a Daily Adjusting LIBOR Rate Advance, effective as of the last day of the Interest Period applicable to such outstanding LIBOR-based Advance, and as of the last day of each succeeding Interest
Period, the principal amount of such Advance which is not then repaid shall be automatically refunded or continued as a Daily Adjusting LIBOR Rate Advance, subject in all respects to the terms and conditions of this Note. The foregoing shall not in
any way whatsoever limit or otherwise affect any of Bank’s rights or remedies under this Note upon the occurrence of any Event of Default hereunder, or any condition or event which, with the giving of notice or the running of time, or both,
would constitute an Event of Default. 
 Subject to the definition of an “Interest Period” hereunder, in the event that any payment
under this Note becomes due and payable on any day which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day, and, to the extent applicable, interest shall continue to accrue and be payable thereon
during such extension at the rates set forth in this Note. 
 All payments to be made by the undersigned to Bank under or pursuant to this Note
shall be in immediately available United States funds, without setoff or counterclaim, and in the event that any payments submitted hereunder are in funds not available until collected, said payments shall continue to bear interest until collected.

 If the undersigned make(s) any payment of principal with respect to any LIBOR-based Advance on any day other than the last day of the
Interest Period applicable thereto (whether voluntarily, by acceleration, required payment or otherwise), or if the undersigned fail(s) to borrow any LIBOR-based Advance after notice has been given by the undersigned (or any of them) to Bank in
accordance with the terms of this Note requesting such Advance, or if the undersigned fail(s) to make any payment of principal or interest in respect of a LIBOR-based Advance when due, the undersigned shall reimburse Bank, on demand, for any
resulting loss, cost or expense incurred by Bank as a result thereof, including, without limitation, any such loss, cost or expense incurred in obtaining, liquidating, employing or redeploying deposits from third parties, whether or not Bank shall
have funded or committed to fund such Advance. Such amount payable by the undersigned to Bank may include, without limitation, an amount equal to the excess, if any, of (a) the amount of interest which would have accrued on the amount so
prepaid, or not so borrowed, refunded or converted, for the period from the date of such prepayment or of such failure to borrow, refund or convert, through the last day of the relevant Interest Period, at the applicable rate of interest for said
Advance(s) provided under this Note, over (b) the amount of interest (as reasonably determined by Bank) which would have accrued to Bank on such amount by placing such amount on deposit for a comparable period with leading banks in the
interbank eurodollar market. Calculation of any amounts payable to Bank under this paragraph shall be made as though Bank shall have actually funded or committed to fund the relevant LIBOR-based Advance through the purchase of an underlying deposit
in an amount equal to the amount of such Advance and having a maturity comparable to the relevant Interest Period; provided, however, that Bank may fund any LIBOR-based Advance in any manner it deems fit and the foregoing assumptions shall be
utilized only for the purpose of the calculation of amounts payable under this paragraph. Upon the written request of the undersigned, Bank shall deliver to the undersigned a certificate setting forth the basis for determining such losses, costs and
expenses, which certificate shall be presumed correct, absent demonstrable error. The undersigned may prepay all or part of the outstanding balance of any Daily Adjusting LIBOR Rate Advance under this Note or any Indebtedness hereunder which is
bearing interest based upon the Prime Referenced Rate at any such time without premium or penalty. Any prepayment hereunder shall also be 

 

 2 

 
accompanied by the payment of all accrued and unpaid interest on the amount so prepaid. For sake of clarity, Bank acknowledges that each monthly payment which is made on the last day of the
Interest Period relating to the Indebtedness to be paid on such date shall not result in the payment of any loss, cost or expense under this paragraph. 

For any LIBOR-based Advance or any Daily Adjusting LIBOR Rate Advance, if Bank shall designate a LIBOR Lending Office which maintains books separate from
those of the rest of Bank, Bank shall have the option of maintaining and carrying such Advance on the books of such LIBOR Lending Office. 
 If,
at any time, (a) Bank determines that, Bank is unable to determine or ascertain the LIBOR-based Rate or the Daily Adjusting LIBOR Rate, or (b) Bank determines that by reason of circumstances affecting the foreign exchange and interbank
markets generally, deposits in eurodollars in the applicable amounts or for the relative maturities are not being offered to Bank for any applicable Advance or Interest Period, or (c) Bank determines reasonably and in good faith that the
LIBOR-based Rate plus the Applicable Margin or the Daily Adjusting LIBOR Rate plus the Applicable Margin will not accurately or fairly cover or reflect the cost to Bank of maintaining any of the Indebtedness under this Note based upon the
LIBOR-based Rate or the Daily Adjusting LIBOR Rate, then Bank shall forthwith give notice thereof to the undersigned. Thereafter, until Bank notifies the undersigned that such conditions or circumstances no longer exist, the right of the undersigned
to request a LIBOR-based Advance or a Daily Adjusting LIBOR Rate Advance and to convert an Advance to or refund an Advance as a LIBOR-based Advance or a Daily Adjusting LIBOR Rate Advance shall be suspended, and the Prime Referenced Rate plus the
Applicable Margin shall be the Applicable Interest Rate for all Indebtedness hereunder during such period of time. 
 If, after the date hereof,
the introduction of, or any change in, any applicable law, rule or regulation or in the interpretation or administration thereof by any governmental authority charged with the interpretation or administration thereof, or compliance by Bank (or its
LIBOR Lending Office) with any request or directive (whether or not having the force of law) of any such authority, shall make it unlawful or impossible for the Bank (or its LIBOR Lending Office) to make or maintain any Advance with interest based
upon the LIBOR-based Rate or the Daily Adjusting LIBOR Rate, Bank shall forthwith give notice thereof to the undersigned. Thereafter, (a) until Bank notifies the undersigned that such conditions or circumstances no longer exist, the right of
the undersigned to request a LIBOR-based Advance or a Daily Adjusting LIBOR Rate Advance and to convert an Advance to or refund an Advance as a LIBOR-based Advance or a Daily Adjusting LIBOR Rate Advance shall be suspended, and thereafter, the
undersigned may select only the Prime Referenced Rate plus the Applicable Margin as the Applicable Interest Rate for the Indebtedness hereunder, and (b) if Bank may not lawfully continue to maintain an outstanding LIBOR-based Advance to the end
of the then current Interest Period applicable thereto, the Prime Referenced Rate plus the Applicable Margin shall be the Applicable Interest Rate for the remainder of such Interest Period with respect to such outstanding Advance. 

If after the date hereof, the adoption of, or any change after the date hereof in, any applicable law, rule or regulation (whether domestic or foreign)
of any governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by Bank (or its LIBOR Lending Office) with any request or directive (whether or not having the force of law)
made by any such authority, central bank or comparable agency after the date hereof: (a) shall subject Bank (or its LIBOR Lending Office) to any tax, duty or other charge with respect to this Note or any Indebtedness hereunder, or shall change
the basis of taxation of payments to Bank (or its LIBOR Lending Office) of the principal of or interest under this Note or any other amounts due under this Note in respect thereof (except for changes in the (y) Michigan Business Tax, or any
similar tax, or (z) the rate of tax on the overall net income of Bank or its LIBOR Lending Office imposed by the jurisdiction in which Bank’s principal executive office or LIBOR Lending Office is located); or (b) shall impose, modify
or deem applicable any reserve (including, without limitation, any imposed by the Board of Governors of the Federal Reserve System), special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by
Bank (or its LIBOR Lending Office), or shall impose on Bank (or its LIBOR Lending Office) or the foreign exchange and interbank markets any other condition affecting this Note or the Indebtedness hereunder; and the result of any of the foregoing is
to increase the cost to Bank of maintaining any part of the Indebtedness hereunder or to reduce the amount of any sum received or receivable by Bank under this Note by an amount deemed by the Bank to be material, then, if such increased cost is not
already reflected in the LIBOR-based Rate of Daily Adjusting LIBOR Rate, the undersigned shall pay to Bank, within fifteen (15) days of the undersigned’s receipt of written notice from Bank demanding such compensation, such additional
amount or amounts as will compensate Bank for such increased cost or reduction. A certificate of Bank, prepared in good faith and in reasonable detail by Bank and submitted by Bank to the undersigned, setting forth the basis for determining such
additional amount or amounts necessary to compensate Bank shall be conclusive and binding for all purposes, absent demonstrable error. Bank shall give undersigned prompt written notice of any change in law of which Bank has actual knowledge and
undersigned shall not be obligated to reimburse Bank for any increased costs relating to any period more than ninety (90) days prior to the date of such notice. 

 

 3 

 In the event that any applicable law, treaty, rule or regulation (whether domestic or foreign) now or
hereafter in effect and whether or not presently applicable to Bank, or any interpretation or administration thereof by any governmental authority charged with the interpretation or administration thereof, or compliance by Bank with any guideline,
request or directive of any such authority (whether or not having the force of law), including any risk-based capital guidelines, affects or would affect the amount of capital required or expected to be maintained by Bank (or any corporation
controlling Bank), and Bank determines that the amount of such capital is increased by or based upon the existence of any obligations of Bank hereunder or the maintaining of any Indebtedness hereunder, and such increase has the effect of reducing
the rate of return on Bank’s (or such controlling corporation’s) capital as a consequence of such obligations or the maintaining of such Indebtedness hereunder to a level below that which Bank (or such controlling corporation) could have
achieved but for such circumstances (taking into consideration its policies with respect to capital adequacy), then the undersigned shall pay to Bank, within fifteen (15) days of the undersigned’s receipt of written notice from Bank
demanding such compensation, additional amounts as are sufficient to compensate Bank (or such controlling corporation) for any increase in the amount of capital and reduced rate of return which Bank reasonably determines to be allocable to the
existence of any obligations of the Bank hereunder or to maintaining any Indebtedness hereunder. A certificate of Bank as to the amount of such compensation, prepared in good faith and in reasonable detail by the Bank and submitted by Bank to the
undersigned, shall be conclusive and binding for all purposes absent demonstrable error. Bank shall give undersigned prompt written notice of any change in law of which Bank has actual knowledge and undersigned shall not be obligated to reimburse
Bank for any increased costs relating to any period more than ninety (90) days prior to the date of such notice. 
 This Note and any and
all modifications, renewals or extensions of it and however evidenced including, without limitation, any late charges; loan fees or charges; costs incurred by Bank in establishing, determining, continuing or defending the validity or priority of any
security interest, pledge or other lien or in pursuing any of its rights or remedies under any loan document (or otherwise) or in connection with any proceeding involving the Bank as a result of any financial accommodation to the undersigned (or any
of them); and reasonable costs and expenses of attorneys and paralegals, whether inside or outside counsel is used, and whether any suit or other action is instituted, and to court costs if suit or action is instituted, and whether any such fees,
costs or expenses are incurred at the trial court level or on appeal, in bankruptcy, in administrative proceedings, in probate proceedings or otherwise (collectively “Indebtedness”) are secured by and the Bank is granted a security
interest in and lien upon all items deposited in any account of any of the undersigned with the Bank and by all proceeds of these items (cash or otherwise), all account balances of any of the undersigned from time to time with the Bank, by all
property of any of the undersigned from time to time in the possession of the Bank and by any other collateral, rights and properties described in each and every security agreement or collateral agreement which has been, or will at any time(s) later
be, executed by any (or all) of the undersigned to or for the benefit of the Bank (collectively “Collateral”). 
 If there shall occur
an Event of Default which continues beyond any applicable period of cure, the Bank may at its option and without prior notice to undersigned, (a) declare any or all of the Indebtedness to be immediately due and payable (notwithstanding any
provisions contained in the evidence of it to the contrary), sell or liquidate all or any portion of the Collateral, charge interest at the default rate provided in the document evidencing this relevant Indebtedness, and exercise any one or more of
the rights and remedies to Bank by any agreement with undersigned given to it under applicable law, or otherwise and (b) upon three (3) Business Days prior written notice to Borrower, set off against the Indebtedness any amounts owing by
Bank to Borrower. 
 This Note shall bind the undersigned, and the undersigned’s successors and assigns. 

The undersigned waive(s) presentment, demand, protest, notice of dishonor, notice of demand or intent to demand, notice of acceleration or intent to
accelerate, and all other notices (except for those notices required by the Loan Agreement pursuant to which this Note is delivered and the Loan Documents referenced therein), and agree(s) that no extension or indulgence to the undersigned (or any
of them) or release, substitution or nonenforcement of any security, or release or substitution of any of the undersigned, any guarantor or any other party, whether with or without notice, shall affect the obligations of any of the undersigned. The
undersigned waive(s) all defenses or right to discharge available under Section 3-605 of the Michigan Uniform Commercial Code and waive(s) all other suretyship defenses or right to discharge. The undersigned agree(s) that the Bank has the right to
sell, assign, or grant participations or any interest in, any or all of the Indebtedness, and that, in connection with this right, but without limiting its ability to make other disclosures to the full extent allowable, the Bank may disclose all
documents and information which the Bank now or later has relating to the undersigned or the Indebtedness to the extent permitted by the applicable terms of the Loan Agreement. The undersigned agree(s) that the Bank may provide information relating
to this Note or relating to the undersigned to the Bank’s parent, affiliates, subsidiaries and service providers to the extent not prohibited by the terms of the Loan Agreement. 

 

 4 

 The undersigned agree(s) to reimburse Bank, or any other holder or owner of this Note, for any and all costs
and expenses (including, without limit, court costs, legal expenses and reasonable attorneys’ fees, whether inside or outside counsel is used, whether or not suit is instituted, and, if suit is instituted, whether at the trial court level,
appellate level, in a bankruptcy, probate or administrative proceeding or otherwise) incurred in collecting or attempting to collect this Note or the Indebtedness or incurred in any other matter or proceeding relating to this Note or the
Indebtedness. All attorneys’ fees shall be calculated on a time and charges basis. 
 The undersigned acknowledge(s) and agree(s) that
there are no contrary agreements, oral or written, establishing a different term of this Note and agree(s) that the terms and conditions of this Note may not be amended, waived or modified except in a writing signed by an officer of the Bank
expressly stating that the writing constitutes an amendment, waiver or modification of the terms of this Note. As used in this Note, the word “undersigned” means, individually and collectively, each maker, accommodation party, endorser and
other party signing this Note in a similar capacity. If any provision of this Note is unenforceable in whole or part for any reason, the remaining provisions shall continue to be effective. THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF MICHIGAN, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES. 
 For the purposes of this Note,
the following terms have the following meanings: 
 “Advance” means a borrowing requested by the undersigned and made by Bank under
this Note, including any refunding of an outstanding Advance as the same type of Advance or the conversion of any such outstanding Advance to another type of Advance, and shall include a LIBOR-based Advance, a Daily Adjusting LIBOR Rate Advance and
(subject to the terms of this Note) a Prime-based Advance. 
 “Applicable Interest Rate” means the LIBOR-based Rate plus the
Applicable Margin, the Daily Adjusting LIBOR Rate plus the Applicable Margin or (subject to the terms of this Note) the Prime Referenced Rate plus the Applicable Margin, as selected by the undersigned from time to time or as otherwise determined in
accordance with the terms and conditions of this Note. 
 “Applicable Margin” means: 

 

	(a)	 in respect of the LIBOR–based Rate, three and three quarters percent
(3 3/4%) per annum; and

  

	(b)	 in respect of the Daily Adjusting LIBOR Rate three and three quarters percent
(3 3/4%) and, to the extent applicable, the
Prime Referenced Rate, one and one quarter percent
(1 1/4%) per annum.

 “Business Day” means any day, other than a Saturday, Sunday or any other day designated as a
holiday under Federal or applicable State statute or regulation, on which Bank is open for all or substantially all of its domestic and international business (including dealings in foreign exchange) in Detroit, Michigan, and, in respect of notices
and determinations relating to LIBOR-based Advances, Daily Adjusting LIBOR Rate Advances, the LIBOR-based Rate and the Daily Adjusting LIBOR Rate, also a day on which dealings in dollar deposits are also carried on in the London interbank market and
on which banks are open for business in London, England. 
 “Daily Adjusting LIBOR Rate” means, for any day, a per annum interest rate
which is equal to the quotient of the following: 
  

	(a)	for any day, the per annum rate of interest determined on the basis of the rate for deposits in United States Dollars for a period equal to one (1) month appearing
on Page BBAM of the Bloomberg Financial Markets Information Service as of 11:00 a.m. (Detroit, Michigan time) (or as soon thereafter as practical) on such day, or if such day is not a Business Day, on the immediately preceding Business Day. In the
event that such rate does not appear on Page BBAM of the Bloomberg Financial Markets Information Service (or otherwise on such Service) on any day, the “Daily Adjusting LIBOR Rate” for such day shall be determined by reference to such
other publicly available service for displaying eurodollar rates as may be reasonably selected by Bank, or, in the absence of such other service, the “Daily Adjusting LIBOR Rate” for such day shall, instead, be determined based upon the
average of the rates at which Bank is offered dollar deposits at or about 11:00 a.m. (Detroit, Michigan time) (or as soon thereafter as practical), on such day, or if such day is not a Business Day, on the immediately preceding Business Day, in the
interbank eurodollar market in an amount comparable to the principal amount of the Indebtedness outstanding hereunder which is to bear interest on the basis of such Daily Adjusting LIBOR Rate and for a period equal to one (1) month;

  

 5 

 divided by 
  

	(b)	1.00 minus the maximum rate (expressed as a decimal) on such day at which Bank is required to maintain reserves on “Euro-currency Liabilities” as defined in
and pursuant to Regulation D of the Board of Governors of the Federal Reserve System or, if such regulation or definition is modified, and as long as Bank is required to maintain reserves against a category of liabilities which includes eurodollar
deposits or includes a category of assets which includes eurodollar loans, the rate at which such reserves are required to be maintained on such category. 

“Daily Adjusting LIBOR Rate Advance” means an Advance which bears interest at the Daily Adjusting LIBOR Rate plus the Applicable Margin.

 “Event of Default” shall mean an Event of Default as defined in the Loan Agreement. 

“Interest Period” means, with respect to a LIBOR-based Advance, a period of one (1) month, two (2) months, or three (3) months,
as selected by the undersigned (and which period is acceptable to Bank in its sole discretion), or as otherwise determined pursuant to and in accordance with the terms of this Note, commencing on the day a LIBOR-based Advance is made or the day an
Advance is converted to a LIBOR-based Advance or the day an outstanding LIBOR-based Advance is refunded or continued as another LIBOR-based Advance for an applicable Interest Period, provided that any Interest Period which would otherwise end on a
day which is not a Business Day shall be extended to the next succeeding Business Day, except that if the next succeeding Business Day falls in another calendar month, the Interest Period shall end on the next preceding Business Day, and when an
Interest Period begins on a day which has no numerically corresponding day in the calendar month during which such Interest Period is to end, it shall end on the last Business Day of such calendar month. In the event that any LIBOR-based Advance is
at any time refunded or continued as another LIBOR-based Advance for an additional Interest Period, such Interest Period shall commence on the last day of the preceding Interest Period then ending. 

“LIBOR-based Advance” means an Advance which bears interest at the LIBOR-based Rate plus the Applicable Margin. 

“LIBOR-based Rate” means a per annum interest rate which is equal to the quotient of the following: 

 

	(a)	the LIBOR Rate; 

 divided by

  

	(b)	1.00 minus the maximum rate (expressed as a decimal) during such Interest Period at which Bank is required to maintain reserves on “Euro-currency Liabilities”
as defined in and pursuant to Regulation D of the Board of Governors of the Federal Reserve System or, if such regulation or definition is modified, and as long as Bank is required to maintain reserves against a category of liabilities which
includes eurodollar deposits or includes a category of assets which includes eurodollar loans, the rate at which such reserves are required to be maintained on such category. 

“LIBOR Lending Office” means Bank’s office located in the Cayman Islands, British West Indies, or such other branch of Bank, domestic or
foreign, as it may hereafter designate as its LIBOR Lending Office by notice to the undersigned. 
 “LIBOR Rate” means, with respect
to any Indebtedness outstanding under this Note bearing interest on the basis of the LIBOR-based Rate, the per annum rate of interest determined on the basis of the rate for deposits in United States Dollars for a period equal to the relevant
Interest Period for such Indebtedness, commencing on the first day of such Interest Period, appearing on Page BBAM of the Bloomberg Financial Markets Information Service as of 11:00 a.m. (Detroit, Michigan time) (or as soon thereafter as practical),
two (2) Business Days prior to the first day of such Interest Period. In the event that such rate does not appear on Page BBAM of the Bloomberg Financial Markets Information Service (or otherwise on such Service), the “LIBOR Rate”
shall be determined by reference to such other publicly available service for displaying eurodollar rates as may be reasonably selected by Bank, or, in the absence of such other service, the “LIBOR Rate” shall, instead, be determined based
upon the average of the rates at which Bank is offered dollar deposits at or about 11:00 a.m. (Detroit, Michigan time) (or as soon thereafter as practical), two (2) Business Days prior to the first day of such Interest Period in the interbank
eurodollar market in an amount comparable to the principal amount of the respective LIBOR-based Advance which is to bear interest on the basis of such LIBOR-based Rate and for a period equal to the relevant Interest Period. 

 

 6 

 “Prime Rate” means the per annum interest rate established by Bank as its prime rate for its
borrowers, as such rate may vary from time to time, which rate is not necessarily the lowest rate on loans made by Bank at any such time. 

“Prime-based Advance” means an Advance which bears interest at the Prime Referenced Rate plus the Applicable Margin, subject to the terms of
this Note. 
 “Prime Referenced Rate” means a per annum interest rate which is equal to the Prime Rate, but in no event less than two
and one-half percent (2.50%) per annum. 
 “Request for Advance” means a Request for Advance issued by the undersigned under this
Note in the form annexed to this Note as Exhibit “A”. 
 No delay or failure of Bank in exercising any right, power or privilege
hereunder shall affect such right, power or privilege, nor shall any single or partial exercise thereof preclude any further exercise thereof, or the exercise of any other power, right or privilege. The rights of Bank under this Note are cumulative
and not exclusive of any right or remedies which Bank would otherwise have, whether by other instruments or by law. 
 THE MAXIMUM INTEREST
RATE SHALL NOT EXCEED 25% PER ANNUM OR THE HIGHEST APPLICABLE USURY CEILING, WHICHEVER IS LESS. 
 This Note amends and restates and
reduces that certain Promissory Note (LIBOR Rate) dated as of March 29, 2007, made in the principal amount of Thirty Five Million Dollars ($35,000,000) by the undersigned payable to Bank (the “Prior Note”); provided,
however, (i) the execution and delivery by the undersigned of this Note shall not, in any manner or circumstance, be deemed to be a payment of, a novation of or to have terminated, extinguished or discharged any of the undersigned’s
indebtedness evidenced by the Prior Note, all of which indebtedness, as so reduced, shall continue under and shall hereinafter be evidenced and governed by this Note, and (ii) all collateral and guaranties securing or supporting the Prior Note
shall continue to secure and support this Note. 
  

			
	LINC LOGISTICS COMPANY
		
	By:	 	  

		 	 SIGNATURE OF

		
	Its:	 	  

		 	 TITLE

  

							
	 11355 Stephens Road,
	 	 Warren,
	 	 MI
	 	 48089

	STREET ADDRESS	 	CITY	 	STATE	 	ZIP

  

									
	 For Bank Use Only

 
	 	  
	
LOAN OFFICER INITIALS
	 	LOAN GROUP NAME	 	 OBLIGOR NAME

Linc Logistics Company
  

	 LOAN OFFICER ID. NO.
	 	LOAN GROUP NO.	 	OBLIGOR NO.	 	NOTE NO.	 	 AMOUNT

$32,000,000
  

 

 7 

 EXHIBIT “A” 

REQUEST FOR ADVANCE 
 The
undersigned hereby request(s) COMERICA BANK (“Bank”) to make a                             *
Advance to the undersigned on             ,         , in the amount of
                             Dollars ($        ) under
the Master Revolving Note dated as of February 18, 2010, issued by the undersigned to said Bank in the face amount of Thirty Two Million Dollars ($32,000,000) (the “Note”). The Interest Period for the requested Advance, if applicable,
shall be                      (        )** month(s). In the event that any part of the Advance
requested hereby constitutes the refunding or conversion of an outstanding Advance, the amount to be refunded or converted is
                             Dollars ($        ), and
the last day of the Interest Period for the amounts being converted or refunded hereunder, if applicable, is             ,         .

 The undersigned represent(s), warrant(s) and certify(ies) that no Event of Default, or any condition or event which, with the giving of
notice or the running of time, or both, would constitute an Event of Default, has occurred and is continuing under the Note, and none will exist upon the making of the Advance requested hereunder. The undersigned further certify(ies) that upon
advancing the sum requested hereunder, the aggregate principal amount outstanding under the Note will not exceed the face amount thereof. If the amount advanced to the undersigned under the Note shall at any time exceed the face amount thereof, the
undersigned will immediately pay such excess amount, without any necessity of notice or demand. 
 The undersigned hereby authorize(s) Bank to
disburse the proceeds of the Advance being requested by this Request for Advance by crediting the account of the undersigned with Bank separately designated by the undersigned or as the undersigned may otherwise direct, unless this Request for
Advance is being submitted for a conversion or refunding of all or any part of any outstanding
 Advance(s), in which case, such proceeds shall be deemed to be utilized, to the extent necessary, to refund or convert that portion stated above of
the existing outstandings under such Advance(s). 
 Capitalized terms used but not otherwise defined herein shall have the respective meanings
given to them in the Note. 
 Dated this      day of
            ,         . 
  

			
	LINC LOGISTICS COMPANY
		
	By:	 	  

		
	Its:	 	  

 
  

	*	Insert, as applicable, “LIBOR-based” or “Daily Adjusting LIBOR Rate”. 

	**	a LIBOR-based Advance, insert the applicable Interest Period (i.e., “one (1)”, “two (2)” or “three (3)” months). 

 SCHEDULE 1 

Logistics Insight Corp. 
 Linc Ontario, Ltd.

 Pro Logistics, Inc. 
 CTX, Inc.

 Central Global Express, Inc. 

Dedicated Fuel, LLC 
 On Demand Transport, Inc.

 OTR Logistics, Inc. 
 Maintenance
Insight, LLC 

 SCHEDULE 2 

The Supplemental Schedule shall be a consolidating financial statement of Borrower and its Subsidiaries and shall include, together with
such additional information as Bank may reasonably request from time to time: 
  

	 	(a)	A separate break out of the financial statements of Borrower (unconsolidated); 

 

	 	(b)	A combined total for all Borrowing Base Obligors; 

  

	 	(c)	A combined total for all Subsidiaries which are not Borrowing Base Obligors; 

 

	 	(d)	Eliminating entries; 

  

	 	(e)	A final consolidated statement for Borrower and all of its Subsidiaries. 

 SCHEDULE 5.3(b) 

None. 

					
	

	  	Amendment to Note

 This Amendment to Note
(“Amendment”), made, delivered, and effective as of September 10, 2010, by and between LINC LOGISTICS COMPANY (“Borrower”) and COMERICA BANK (“Bank”). 

WHEREAS, Borrower and Bank are parties to that certain note in the original principal amount of $32,000,000 dated February 18, 2010
(“Note”); and 
 WHEREAS, Bank and Borrower desire to amend the Note as set forth below; 

NOW, THEREFORE, in consideration of the premises and the mutual promises contained in this Amendment, Borrower and Bank agree as follows:

  

	1.	The definition of Applicable Margin in the Note is amended to read as follows: 

“‘Applicable Margin’ means: 
  

	 	(a)	 in respect of the LIBOR–based Rate, two and three quarters percent
(2 3/4%) per annum; and

  

	 	(b)	 in respect of the Daily Adjusting LIBOR Rate two and three quarters percent
(2 3/4%) per annum and, to the extent
applicable, the Prime Referenced Rate, one and one quarter percent
(1 1/4%) per annum.”

  

	2.	Borrower is responsible for all costs incurred by Bank, including without limit reasonable attorney fees, with regard to the preparation and execution of this
Amendment. 

  

	3.	The execution of this Amendment shall not be deemed to be a waiver of any Default or Event of Default. 

 

	4.	All the terms used in this Amendment which are defined in the Note shall have the same meaning as used in the Note, unless otherwise defined in this Amendment.

  

	5.	This Amendment is not an agreement to any further or other amendment of the Note. 

 

	6.	Borrower expressly acknowledges and agrees that except as expressly amended in this Amendment, the Note, as amended, remains in full force and effect and is ratified,
confirmed and restated. 

 IN WITNESS WHEREOF, the parties have executed and delivered this Amendment on the date set forth
above. 
  

			
	LINC LOGISTICS COMPANY
		
	By: 	 	/s/ H.E. Wolfe
		 	 SIGNATURE OF H.E. WOLFE

		
	Its:	 	President
		 	 TITLE (IF APPLICABLE)

  

			
	COMERICA BANK
		
	By: 	 	/s/ William J. Scarborough
		 	SIGNATURE OF WILLIAM J. SCARBOROUGH
		
	Its:	 	Vice President
		 	 TITLE

 FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT 

THIS FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (“Amendment”) dated as of September 10, 2010, by and between
LINC LOGISTICS COMPANY (“Company”) and COMERICA BANK (“Bank”). 
 RECITALS 

A. Borrower and Bank entered into an Amended and Restated Credit Agreement dated as of February 18, 2010 (“Agreement”).

 B. Borrower and Bank desire to amend the Agreement as hereinafter set forth. 

NOW, THEREFORE, the parties agree as follows: 

1. The following definitions are added to Section One of the Agreement: 

‘IPO’ shall mean an initial public offering of capital stock of Borrower registered under the Securities Act of
1933, as amended, which generates Net Proceeds to Borrower of at least $108,000,000 and which is consummated on or before April 30, 2011. 

‘Junior Debt’ shall have the meaning therefor as set forth in the Subordination Agreement. 

‘Net Cash Proceeds’ shall mean the aggregate cash payments received by Borrower from any IPO, minus the
reasonable and customary out-of-pocket commissions, costs, premiums, fees and other expenses incurred by Borrower in connection with such transaction (or, if such costs and expenses have not been incurred or invoiced, the Borrower’s good faith
estimate thereof), including legal, accounting and investment banking fees, sales commissions, and other third party charges.” 

‘Special Distribution’ shall mean a distribution in the nature of a dividend with respect to Company’s
common stock declared on or before April 30, 2011, and payable pursuant to a promissory note which constitutes Junior Debt, not to exceed, however, the sum of $15,000,000. 

2. Section One of the Agreement is amended to add the following sentence at the end of the definition of “Fixed Charge Coverage
Ratio”: “The foregoing definition of “Fixed Charge Coverage Ratio”, and the calculation thereof, is subject to the overriding provisions of Section 7.1A.” 

 3. Section 7.1A is added to the Agreement, to read as follows: 

“7.1A Notwithstanding the foregoing language of Section 7.1 to the contrary, Bank consents and agrees to the following:

 (y) the declaration of the Special Distribution, and issuance of a promissory note with respect thereto,
provided that the promissory note constitutes Junior Debt. Further, the Special Distribution shall be disregarded (and not included) in the calculation of the Fixed Charge Coverage Ratio; and 

(z) the accrued dividend payable of $63,000,000 and the Junior Debt (which shall include, without limitation, the Special
Distribution), including accrued but unpaid interest on the Junior Debt, may be paid in cash from the Net Proceeds of an IPO. In the event of the payment of the accrued dividend payable and the Junior Debt (including interest thereon) in accordance
with the provisions of this Section 7.1A, such payment shall be disregarded (and not included) in the calculation of the Fixed Charge Coverage Ratio. 

4. Borrower hereby represents and warrants that, after giving effect to the amendments contained herein, (a) execution, delivery and
performance of this Amendment and any other documents and instruments required under this Amendment or the Agreement are within its corporate powers, have been duly authorized, are not in contravention of law or the terms of such Borrower’s
Articles of Incorporation or Bylaws, and do not require the consent or approval of any governmental body, agency, or authority; and this Amendment and any other documents and instruments required under this Amendment or the Agreement, will be valid
and binding in accordance with their terms; (b) the continuing representations and warranties of Borrower set forth in Sections 5.1 through 5.2 and 5.4 through 5.10 of the Agreement are true and correct on and as of the date hereof with the
same force and effect as made on and as of the date hereof; (c) the continuing representations and warranties of Borrower set forth in Section 5.3 of the Agreement are true and correct as of the date hereof with respect to the most recent
financial statements furnished to the Bank by Borrower in accordance with Section 6.5 of the Agreement; and (d) except as previously disclosed by Borrower to Bank, no Event of Default (as defined in the Agreement) or condition or event
which, with the giving of notice or the running of time, or both, would constitute an Event of Default under the Agreement, as hereby amended, has occurred and is continuing as of the date hereof. 

5. Except as expressly provided herein, all of the terms and conditions of the Agreement remain unchanged and in full force and effect.

 6. This Amendment shall be effective upon (a) execution of this Agreement by Borrower and the Bank and
(b) execution by the Guarantors of the attached Reaffirmation of Guaranty. 
  

 2 

 IN WITNESS the due execution hereof as of the day and year first above written. 

 

									
	COMERICA BANK	 		 	LINC LOGISTICS COMPANY
					
	By:	 	/s/ William J. Scarborough	 		 	By:	 	/s/ H.E. Wolfe
		 	William J. Scarborough	 		 		 	
					
	Its:	 	Vice President	 		 	Its:	 	President

  

 3 

 REAFFIRMATION OF GUARANTY 

The undersigned acknowledge the foregoing First Amendment to Amended and Restated Credit Agreement and ratify and confirm their
obligations under their Guaranties of Borrower’s obligations to the Bank and acknowledge that the Guaranties remain in full force and effect in accordance with their respective terms subject to no setoff, defense or counterclaim. 

September 10, 2010 
  

			
	LOGISTICS INSIGHT CORP.
		
	By:	 	/s/ H.E. Wolfe
	Its:	 	President
	
	LINC ONTARIO, LTD.
		
	By:	 	/s/ Eric P. Davies
	Its:	 	Treasurer, Secretary
	
	PRO LOGISTICS, INC.
		
	By:	 	/s/ Joseph Golec
	Its:	 	President
	
	CTX, INC.
		
	By:	 	/s/ Alan A. Samouelian
	Its:	 	President

			
	CENTRAL GLOBAL EXPRESS, INC.
		
	By:	 	/s/ Alan A. Samoulien
	Its:	 	President
	
	DEDICATED FUEL, LLC
		
	By:	 	/s/ Joseph Golec
	Its:	 	President
	
	ON DEMAND TRANSPORT, INC.
		
	By:	 	/s/ Eric P. Davies
	Its:	 	Treasurer, Secretary
	
	OTR LOGISTICS, INC.
		
	By:	 	/s/ Eric P. Davies
	Its:	 	Treasurer, Secretary
	
	MAINTENANCE INSIGHT, LLC
		
	By:	 	/s/ Joseph Golec
	Its:	 	President

  

 2Restated Business Loan Agreement

 Exhibit 10.8 

RESTATED BUSINESS LOAN AGREEMENT 

THIS RESTATED BUSINESS LOAN AGREEMENT (“Loan Agreement” or “Agreement”) is made on May 19, 2009 by and
between Logistics Insight Corp. (“Borrower”), a corporation organized under the laws of the State of Michigan, whose chief executive offices are located at 11355 Stephens Rd., Warren, Michigan 48089 and Fifth Third Bank, a Michigan banking
corporation (“Bank”), whose address is 1000 Town Center, Suite 1500, Southfield, Michigan 48075 and amends and restates, in its entirety that certain Business Loan Agreement dated December 18, 2006 between Borrower and Bank (the
“Original Loan Agreement”), and provides as follows: 
 Section 1 Definitions. 

1.1 Defined Terms. The following terms, if used in this Loan Agreement, shall have the following meanings: 

1.1.1 “Additional Borrowers” means LGSI Equipment, Inc. of Wyoming, a Wyoming corporation, and LGSI
Equipment of Indiana, LLC, an Indiana limited liability company. 
 1.1.2 “Additional Loan
Agreement” means the Loan and Security Agreement among Additional Borrowers and Bank dated December 18, 2006, as amended, extended and/or restated from time to time. 

1.1.3 “Additional Loan Documents” means the Additional Loan Agreement, the Collateral Documents as
therein defined, and all documents and instruments executed in connection therewith, now or hereafter existing and as amended, extended and/or restated from time to time. 

1.1.4 “Capital Lease” shall mean any lease of any property (whether real, personal or mixed) by any
Person as lessee which, in conformity with GAAP, is, or is required to be accounted for as a capital lease on the balance sheet of such Person. 

1.1.5 “Capital Expenditures” means expenditures (including Capital Lease obligations which should be
capitalized under GAAP) for the acquisition of fixed assets which are required to be capitalized under GAAP. 

1.1.6 “Capital Transaction” means (a) any equity issued by Borrower, (b) any borrowings by
Borrower in excess of the amount of borrowings that are permitted herein as Other Permitted Indebtedness, and (c) the sale or disposition of assets of Borrower other than in the ordinary course of business. 

1.1.7 “Comerica Loan” means that certain $35,000,000 Line of Credit Loan from Comerica Bank to Guarantor.

 1.1.8 “Comerica Security Interest” means the security interest of Comerica Bank in the assets
of Borrower described on attached Exhibit A which secures the Comerica Loan. 
 1.1.9
“Control” or “Controlling” means the possession of the power to direct, or cause the direction of, management and policies by contract or voting of securities. 

 

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 1.1.10 “EBITDA” means, as of any date of determination and
for any period of determination, the sum of the net income of Guarantor and its consolidated Subsidiaries, for the applicable period ending on such date of determination, plus, to the extent deducted in computing such net income, (i) income
taxes paid or payable for that period (including Michigan Single Business Tax, Michigan Business Tax and similar taxes), (ii) interest expense for that period, (iii) depreciation and amortization expense for that period, in each case
determined in accordance with GAAP, and (iv) non-cash losses. 
 1.1.11 “Fixed Charge Coverage
Ratio” means as of any date of determination thereof a ratio the numerator of which is EBITDA for the four preceding fiscal quarters ending on such date plus the amount, if any, raised in an initial public offering or other sale of equity
for cash in excess of $138,000,000 in the aggregate, minus Capital Expenditures during such period, minus dividends and distributions by Guarantor to its shareholders during such period (excluding the Special Distributions) and the denominator of
which is all contractually scheduled payments of principal with respect to term debt during such period (including the principal component of payments with respect to Capital Leases) and all payments of interest during such period (including the
interest component of payments with respect to Capital Leases, all as determined on a consolidated basis in accordance with GAAP. 

1.1.12 “Funded Debt” means with respect to any Person as of any date of determination, the sum, without
duplication, of (a) all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services as of such date (other than trade liabilities incurred in the ordinary course of business and payable in
accordance with customary practices) or which is evidenced by a note, bond, debenture or similar instrument, (b) all obligations of such Person under Capital Leases as of such date, (c) all obligations of such Person in respect of
unreimbursed drawings under letters of credit or similar obligations issued or created for the account of such Person as of such date, (d) all liabilities secured by any lien granted by such Person on any property owned by such Person as of
such date even though such Person has not assumed or otherwise become liable for the payment thereof, and (e) without duplication, all guarantee obligations of such Person as of such date if required to be reported as debt of such Person in
accordance with Generally Accepted Accounting Principles. 
 1.1.13 “Environmental Laws” means
all applicable laws, regulations, rules, directions and orders of the United States of America, State of Michigan, local authorities and their respective agencies and departments which pertain to the environment, including but without limitation,
the Clean Air Act (42 USC 7401 et seq.), Clean Water Act (33 USC 1251 et seq.), Resource Conservation and Recovery Act of 1976 (42 USC 6901 et seq.), Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (42 USC 9601
et seq.), Hazardous Materials Transportation Act (49 USC 1801 et seq.), Solid Waste Disposal Act (42 USC 6901 et seq.), Toxic Substances Control Act (15 USC 2601 et seq.), Michigan Natural Resources and Environmental Protection Act (MCL
324.101 et seq.) as each of such laws have been or are hereafter amended, together with all rules, regulations, directions and orders promulgated by the U.S. Environmental Protection Agency or the Michigan Departments of Natural Resources or of
Environmental Quality, and all additional environmental laws, rules, and regulations in effect on the date of this Loan Agreement. 

1.1.14 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and any successor
act. 
 1.1.15 “Event of Default” means any of the events described in Section 6 of this
Loan Agreement (after the applicable cure period following written notice from Bank under Section 6 has elapsed). 
  

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 1.1.16 “GAAP” means generally accepted accounting
principles, using the accrual basis of accounting and consistently applied, subject to fiscal year-end adjustments with respect to any interim financial statements or reports. 

1.1.17 “Governmental Supplier Support Program” shall mean any U.S. government program designed to protect
auto suppliers in the collection of accounts receivable, including the Auto Supplier Support Program of the U.S. Treasury Department. 

1.1.18 “Guarantor” means LINC Logistics Company, a Michigan corporation. 

1.1.19 “Loans” means the Loans described in Sections 2.1 through 2.3. 

1.1.20 “Loan Documents” means this Loan Agreement and all other loan documents executed in conjunction
with the Loans as listed on Exhibit B. 
 1.1.21 “Moroun Family Shareholders” means M.J. Moroun
and M.T. Moroun, and trusts for their benefit. 
 1.1.22 “Obligor” means the Borrower and any
other party liable or obligated with respect to any Loan. 
 1.1.23 “Other Permitted
Indebtedness” means any refinancing of existing indebtedness, indebtedness or transactions in connection with any Governmental Supplier Support Program, borrowings technically resulting from the use of a sweep account for cash management
purposes, and other borrowings, including involving purchase money security interests, of up to $3,000,000. 

1.1.24 “Person” means by way of example, but not by way of limitation, any natural person, corporation,
limited liability company, partnership (general or limited) trust, governmental agency, and any political subdivision thereof. 

1.1.25 “PBGC” means the Pension Benefit Guaranty Corporation or any entity succeeding to the powers and
functions thereof. 
 1.1.26 “Required Principal Payments” means 100% of the net amounts
Borrower receives from any Capital Transaction. Net amount means gross receipts less normal and customary costs and expenses in a bona fide arm length transaction 

1.1.27 “Senior Leverage Ratio” means, as of the date of determination, that ratio determined by a
fraction (a) the numerator of which is the Senior Liabilities, and (b) the denominator of which is EBITDA for the four preceding fiscal quarters ending on such date of determination. 

1.1.28 “Senior Liabilities” means all Funded Debt of Borrower and its consolidated Subsidiaries other
than Funded Debt which is subordinated to the Loan under a written subordination agreement in form and substance acceptable to Bank. 

1.1.29 “Special Distributions” means dividends or distributions to Guarantor’s shareholders
(a) in an amount not exceeding $93,000,000 made solely with the proceeds of an initial public offering of stock by Guarantor in an amount not less than $138,000,000; (b) in an amount not to exceed $33,800,000, and (c) any other
amounts as have been paid prior to the date of this Agreement. 
  

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 Section 2 Loans and Financial Accommodations. The Bank has made or shall make in reliance
hereon commercial loan(s) to the Borrower, being the loans referred to below. If any conflict shall exist between the Loan Documents and this Loan Agreement, the provisions contained in this Loan Agreement shall govern and supersede the Loan
Documents. 
 2.1 Loans. The following Loan(s) shall be governed by the terms and conditions in this Loan Agreement:

  

			
	 TYPE OF LOAN
	  	 LOAN DESCRIPTION

	A. Line of Credit Loan	  	Referred to in Section 2.2 below
		
	 B. Term Loan
	  	Referred to in Section 2.3 below

 2.2
Line of Credit Loan. The Bank hereby extends to the Borrower a revolving line of credit loan (the “Line of Credit Loan”) in the principal amount not to exceed $6,000,000.00 to be evidenced by a Promissory Note (Line of Credit) of even
date herewith (“Maximum Amount”), and all renewals, amendments, extensions and restatements thereof, executed by Borrower (the “Line of Credit Note”). 

2.2.1 Line of Credit Note. The Line of Credit Loan herein extended shall be subject to the terms and conditions of
the Line of Credit Note. The Line of Credit Loan shall be payable and shall bear interest as set forth in the Line of Credit Note. This Loan Agreement and the Line of Credit Note are of equal materiality and shall each be construed in such manner as
to give full force and effect to all provisions of both documents. The proceeds of the Line of Credit Loan are to be used by Borrower to refinance existing indebtedness to Bank and for working capital 

2.2.2 Advances. The Bank shall, from time to time prior to the Due Date stated in the Line of Credit Note, make
advances to Borrower (such in an amount of not less than $100,000.00) upon request therefor by Borrower, provided that upon giving effect to such advance no Event of Default and no event which with notice and/or the passage of time would become an
Event of Default shall exist at the time the advance is to be made (including under Section 6.10), that all representations and warranties set forth herein or in any of the Loan Documents are true and correct and that the advance would not
cause the principal balance outstanding under the Line of Credit Loan to exceed the principal amount stated in the Line of Credit Note or such lesser amount as may be permitted under the terms hereof. No advance by the Bank shall be construed as a
waiver of any of the foregoing conditions, nor shall the Bank be estopped from refusing any subsequent request for an advance. Advances under the Line of Credit Loan may be requested by telephone, in writing or in any other manner acceptable to the
Bank. Borrower understands and agrees that any telephone conversation with the Bank may be recorded for accuracy. 

2.2.3 Borrowing Base. The principal balance outstanding under the Line of Credit Loan shall not at any time exceed
the amount of: $6,000,000.00 minus the Requirement Principal Payments applied to the Line of Credit Loan (“Maximum Amount”). 

2.2.4 Unused Fee. Borrower shall pay a fee quarterly, calculated in arrears, commencing on October 1, 2009 and
on each January 1, April 1, July 1, and October 1 thereafter, in an amount equal to One-Half percent (1/2%) of the difference between the Maximum Amount available for the fiscal quarter then ended and the daily
average of the principal amount outstanding under the Line of Credit Loan for such fiscal period. 
 2.2.5
Extensions. The Line of Credit Loan may be extended for one additional one (1) year period if (a) Borrower notifies Bank in writing of its election to extend at least ninety (90) days prior to the Due Date as set forth in the
Line of Credit Note, (b) no Event of Default exists (excluding any Notice and Cure), and (c) Borrower and Obligors execute such documents and instruments as the Bank may reasonably require to evidence such extension. 

 

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 2.3 Term Loan. The Bank hereby extends to the Borrower a term loan (the “Term
Loan”) in the principal amount of $9,000,000.00 to be evidenced by a Promissory Note (Term Loan) of even date herewith, and all renewals, amendments extensions and restatements thereof, executed by Borrower (the “Term Loan Note”). The
Term Loan herein extended shall be subject to the terms and conditions of the Term Loan Note. The Term Loan shall be payable and shall bear interest as set forth in the Term Loan Note. This Loan Agreement and the Term Loan Note are of equal
materiality and shall each be construed in such manner as to give full force and effect to all provisions of both documents. The proceeds of the Term Loan will be used to refinance existing indebtedness to Bank. Notwithstanding the stated Due Date
of the Term Loan Note to the contrary, the Term Loan Note shall be due and payable in full if the Line of Credit of Credit Loan is not renewed. 

2.4 Required Principal Payments. Required Principal Payments shall be delivered to Bank immediately upon receipt thereof, to be
applied first to the Term Loan as a permanent reduction of the principal amount thereof until reduced to zero (-0-), and then to the Line of Credit Loan as a permanent reduction of the principal amount thereof (unless Borrower elects to apply same
otherwise by written notice to Bank). 
 Section 3 Covenants. From the date hereof until all amounts owing under the Loans
are paid in full and all obligations under the Loans are fully paid, performed and satisfied, Borrower covenants and agrees, unless otherwise consented to in writing by the Bank, it will: 

3.1 Reporting Requirements: 

3.1.1 Financial Statements. Within 120 days after the end of each fiscal year of Guarantor, furnish to Bank, in
form acceptable to Bank, Guarantor’s consolidated Audited financial statements for the fiscal year then ended, together with consolidating schedules as hereafter described, prepared by an independent certified public accountant reasonably
acceptable to the Bank. Each set of Guarantor’s audited annual financial statements delivered pursuant hereto shall be accompanied by consolidating information in accompanying schedules presented for the purpose of additional analysis of the
consolidated financial statements rather than to present the financial position and results of operations of the individual companies. The consolidating information will be subjected to the procedures applied in the audit of the consolidated
financial statements and shall be, in the opinion of the accountants preparing such statements, fairly stated in all material respects in relation to the consolidated financial statements as a whole. Consolidating schedules shall include balance
sheet and income statements. Schedules shall include Borrower, its subsidiaries presented separately, a column which will include all other companies covered by the Guarantor’s annual financial statements and an eliminations column along with a
consolidated total column. Within 50 days after the end of each of the first three fiscal quarters, furnish to Bank Borrower’s and Guarantor’s respective consolidated financial statements prepared by management and respectively certified
as true and correct by an officer of Borrower or Guarantor, as the case may be, or David A. Crittenden (“Crittenden”). 

3.1.2 Projections. Within 30 days after the end of each fiscal year of Borrower and Guarantor, furnish to Bank, in
form acceptable to Bank, their respective projections of operations for the next fiscal year, in form and substance satisfactory to Bank, and certified by an officer of each or by Crittenden that the such projections are prepared in good faith,
based on reasonable assumptions, and that such officer knows of no reason why the projections would be materially misleading, all in form reasonably acceptable to Bank. 

3.1.3 Compliance Certificates. Within 50 calendar days after the end of each fiscal quarter, commencing with the
fiscal quarter ending June 30, 2009, Borrower and Guarantor shall furnish to Bank a Compliance Certificate, in a form acceptable to Bank, certified as true and accurate by an officer of 

 

 5 

 
Borrower and Guarantor or by Crittenden, containing a certification that the Borrower and Guarantor are in compliance with this Agreement and no Event of Default exists, and further including in
each such Compliance Certificate by way of specificity and not in limitation of the generality of the foregoing, a detailed calculation of the Senior Leverage Ratio and Fixed Charge Coverage Ratio (fourth quarter only as to Fixed Charge Coverage
Ratio). 
 3.2 Financial Requirements: 

3.2.1 Fixed Charge. As of the end of each fiscal year, commencing with the fiscal year ending December 31,
2009, Guarantor shall have a Fixed Charge Coverage Ratio of not greater than or equal to 1.00 to 1.00. 
 3.2.2
Senior Leverage Ratio. As of the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2009, Guarantor shall have a Senior Leverage Ratio of not less than or equal to 4.50:1.0. 

3.3 Negative Covenants: 

3.3.1 Indebtedness. Except with respect to the Comerica Bank Loan to Guarantor or with respect to Other Permitted
Indebtedness, neither directly or indirectly, create, assume, incur nor have outstanding any indebtedness, obligations or liabilities, secured or unsecured (excluding purchase money indebtedness and Capital Leases), nor become liable, whether as
endorser, guarantor, surety or otherwise, for any debt or obligation of any other person or entity, except indebtedness and obligations to the Bank, endorsement for collection or deposit of any commercial paper secured in the ordinary course of
business, obligations of the Borrower for taxes, assessments, municipal or other governmental charges, obligations of the Borrower for accounts payable (other than for money borrowed) incurred in the ordinary course of business, guaranty obligations
of the Borrower with respect to debts and operations of its subsidiaries; and obligations existing on the date hereof which are disclosed on the financial statements furnished to the Bank. Provided, however, that the foregoing restrictions shall
only be applicable if and to the extent they cause (or are highly probable in the reasonable judgment of management of Borrower to cause) a violation of the Financial Requirements of Section 3.2. Further, the foregoing restrictions shall not be
violated if the transaction involved is a Capital Transaction and the Borrower makes any Required Principal Payment (provided that Borrower shall not enter into the type of Capital Transaction described in clause (c) of the definition of
Capital Transaction after an Event of Default (excluding Notice and Cure) has occurred and is continuing). 

3.3.2 Encumbrances. Except for liens and encumbrances securing the Comerica Loan, or for purchase money security
interests and Capital Leases, neither directly nor indirectly, create, assume, incur nor suffer nor permit to exist any mortgage, security interest or other lien or charge of any kind or character upon any asset of the Borrower which serves as
Collateral for the Loans, whether owned at the date hereof or hereafter acquired except liens for taxes, assessments or other governmental charges not yet due or which are being contested in good faith by appropriate proceedings in such a manner as
not to make the property forfeitable; liens or charges incidental to the conduct of its business or the ownership of its property and assets which were not incurred in connection with the borrowing of money or the obtaining of an advance or credit,
and which do not in the aggregate materially detract from the value of its property or assets or materially impair the use thereof in the operation of its business; liens arising out of judgments or awards against the Borrower in an amount not to
exceed $3,000,000 in excess of applicable insurance coverage or with respect to which it shall concurrently therewith be prosecuting a timely appeal or proceeding for review and with respect to which it shall have secured a stay of execution pending
such appeal or proceedings for review; pledges or deposits to secure obligations under worker’s compensation laws or similar legislation; liens existing on the date hereof and disclosed on the financial statements

  

 6 

 
furnished to the Bank; liens granted to the Bank. In no event shall the restrictions of this Agreement, including under this Section 3.3.2 or under Section 3.3.1 above, attach to or
apply with respect to the assets covered by the Comerica Security Interest, or prohibit, impair, impede or prevent Borrower’s participation in any Governmental Supplier Support Program. 

3.3.3 Distributions. Except for Special Distributions, neither Borrower nor Guarantor shall make any distributions
to any owners of Borrower or Guarantor at any time unless all material obligations to all persons and entities then due are paid, and with respect to distributions made by Guarantor, such distribution does not cause a violation of the Financial
Requirements of Section 3.2. 
 3.4 General: 

3.4.1 Insurance. Maintain adequate insurance with responsible companies in such amounts and against such risks and
hazards as are normally insured against by Borrower in the manner presently carried. Borrower shall provide evidence satisfactory to the Bank of all insurance coverage and that the policies are in full force and effect. If Borrower fails to maintain
insurance as provided in this Loan Agreement, in addition to all other remedies, the Bank may obtain such insurance as the Bank deems necessary or prudent, in the Bank’s sole reasonable discretion, without obligation to do so, and all
reasonable amounts so expended by the Bank shall be payable on demand, at the Bank’s option. Upon Borrower’s failure to promptly provide evidence of such insurance as the Bank has required, the Bank may assume Borrower does not have the
required coverage. 
 3.4.2 Taxes. Pay when due prior to the date of any penalty or interest, all taxes,
assessments, fees and similar charges lawfully assessed upon Borrower and/or its property, except to the extent being contested in good faith. 

3.4.3 Existence. Preserve its existence in good standing and continue to conduct and operate its business
substantially as presently conducted in accordance with all applicable laws and regulations. 
 3.4.4 Notices
of Adverse Events. Promptly inform the Bank of the occurrence of any Event of Default or of any claim which is reasonably expected to exceed any applicable insurance coverage limits by more than $300,000 or of any event (including without
limitation any pending or threatened litigation or other proceedings before any governmental body or agency) which could reasonably be expected to have a material adverse effect upon the Borrower’s or Guarantor’s (and their respective
subsidiaries) business, properties, financial condition or ability to comply with their respective obligations under the Loans. 

3.4.5 Books and Records. Maintain proper books of record and account. 

3.4.6 Employee Benefit Plans. At all times meet the minimum funding requirements of ERISA concerning all of
Borrower’s employee benefit plans subject to ERISA. At no time shall Borrower (a) allow any event to occur or condition concerning any employee benefit plan subject to ERISA which might constitute grounds for termination of the plan or for
the appointment of a trustee to administer the plan; or (b) allow any employee benefit plan to be the subject of any voluntary or involuntary termination proceeding. 

3.4.7 Environmental Compliance. Observe and comply with all Environmental Laws applicable to Borrower’s
business. 
 3.4.8 General Compliance with Law. At all times operate Borrower’s business in
compliance with all applicable Federal, State, and local laws, ordinances and regulations, including, without limitation, the Americans with Disabilities Act of 1990, and Borrower shall refrain from and prevent Borrower’s partners, owners,
directors, officers, employees and agents from engaging in any civil or criminal activity proscribed by law. 
  

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 3.4.9 Change of Legal Status. Not change its name, its organizational
identification number, if it has one, its type of organization, its jurisdiction of organization or other legal structure upon giving written notice to Bank and provided Borrower executes and delivers such further documents regarding any such change
as Bank may reasonably require. 
 3.4.10 Purpose Credit. Not use nor allow any affiliate of the Borrower
to use any portion of the proceeds of the Loans, in violation of any applicable law, rule or regulation, including, but not by way of limitation Regulation U of the Federal Reserve Board (12 CFR 221) nor have any letter of credit issued by the Bank,
either directly or indirectly, for the purpose of purchasing any securities underwritten by Fifth Third Bankcorp, or any affiliate of the Bank. 

3.4.11 Transfer; Merger; Transactions With Affiliates. Except with respect to transactions with or involving the
Moroun Family Shareholders (or entities they own at least 51% of), neither directly or indirectly, merge, consolidate, or otherwise dispose of substantially all its property or business outside of the ordinary course of business. Except as otherwise
provided in this Agreement, Borrower shall not transfer assets to any third party, except in the ordinary course of business, unless the Required Principal Payment is made with respect thereto (in which event the transfer shall be free, clear and
discharged of the Bank’s security interest in the assets involved). Further, Borrower shall not enter into any transaction with any stockholders of Borrower or such stockholders’ affiliates, or parent or subsidiary corporation(s) of
Borrower, except (y) on terms not less favorable than would be usual and customary in similar transactions between persons or entities dealing at arms’ length or (z) on terms consistent with Borrower’s ordinary course of doing
business, such as, for example, under any sweep account arrangement used for cash management purposes. The restrictions of this Section 3.4.11 shall not, however, apply to, or in any way prohibit, impair, impede or prevent any transaction in
connection with any Governmental Supplier Support Program. 
 3.4.12 Maintenance of Accounts. Maintain
Borrower’s and Guarantor’s existing depository and cash management services relationship at Bank as long as Bank’s depository and cash management services and fees are competitive. 

Section 4 Representations and Warranties. The Borrower represents and warrants to the Bank, all of which representations and
warranties shall be continuing (except under Sections 4.4 and 4.5, which are only effective as of the date hereof) until all of the Borrower’s obligations under the Loans are fully performed: 

4.1 Existence and Authority. The Borrower is duly organized, validly existing and in good standing. The Borrower has the legal
power and authority and is duly authorized to: (a) execute and perform the Loan Documents and such documents constitute the Borrower’s valid and binding legal obligation enforceable in accordance with their terms, (b) borrow money in
accordance with the terms of this Loan Agreement, (c) grant to the Bank mortgages and security interests, if any, as provided in the Loan Documents executed in conjunction with the Loans, and (d) do any and all other things required of it
hereunder. The Borrower has the legal power and authority to carry out its business as now being conducted and is qualified to do business in the State of Michigan and in every jurisdiction where the nature of its business or the property owned or
operated by it makes such qualification necessary. 
  

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 4.2 Financial Information. All financial data and information which has been or shall
hereafter be furnished to the Bank has been and/or shall be prepared in accordance with GAAP, to the extent that GAAP applies and is relevant to the data and information involved, and fully and fairly presents, in all material respects, the
financial condition of the Borrower (any accounting terms used in this Loan Agreement which are not specifically defined herein shall have the meanings customarily given them in accordance with GAAP, to the extent GAAP is relevant thereto).

 4.3 Title and Encumbrances. Except as allowed by this Agreement, Borrower owns all of its assets free of liens or
encumbrances, subject only to: liens in favor of Comerica Bank or Bank, except for, (a) liens for taxes not delinquent or being contested in good faith, liens created in connection with worker’s disability compensation, unemployment
insurance and social security, or to secure the performance of bids, tenders or contracts, leases, statutory obligations, surety and appeal bonds, and (b) other obligations of like nature made in the ordinary course of business, and liens or
charges incidental to the conduct of Borrower’s business or the ownership of its property and assets, including purchase money security interests in connection with the borrowing of money or the obtaining of an advance or credit to acquire the
asset(s) covered thereby. 
 4.4 No Litigation. There is not pending or, to the best of the knowledge of the Borrower,
threatened any litigation, proceeding or governmental investigation which could reasonably be expected to materially and adversely affect the business, assets or financial conditions of the Borrower or its ability to perform its obligations under
the Loans (except as Bank has already been advised). 
 4.5 Other Defaults. The Borrower is not in default in the
repayment of any indebtedness for money borrowed by it nor has there occurred any event which, with or without notice or the passage of time or both, would constitute a default by the Borrower under any agreement or instrument pertaining to any
indebtedness for borrowed money. 
 4.6 Reports and Returns. Borrower has filed all reports and tax returns required by
governmental authority to be filed by it prior to the date hereof and Borrower has received no notice that such reports or returns have been rejected, declared insufficient, or otherwise challenged by such governmental authority. No representation
is made as to the occurrence of tax audits. 
 4.7 Employee Benefit Plans. Borrower has not incurred any material
accumulated funding deficiency within the meaning of ERISA, and has not incurred any material liability to the PBGC in connection with any employee benefit plan established or maintained by Borrower, and no reportable event or prohibited
transaction, as defined in ERISA, has occurred with respect to such plan(s). 
 4.8 Environmental Compliance. Borrower
is, to its knowledge, in full substantial compliance with all Environmental Laws. 
 Section 5 Security. The Bank has
required the execution of mortgage(s), guarant(ies), security agreement(s) or other document(s) listed on Exhibit “B” to secure or relating to the Loans or this Loan Agreement. Reference is hereby made to all such document(s) executed in
conjunction with the Loans for additional terms relating to the Loans, the security and any guaranties given for the Loans and additional terms and conditions under which the Loans mature, may be accelerated or prepaid.  

Section 6 Events of Default. An Event of Default shall exist upon the occurrence of any of the following events provided Bank has
given Borrower written notice thereof (by US Mail, expedited mail, or facsimile) and the same shall not have been cured within 30 calendar days (“cure period”) following the date of receipt of such notice by Borrower (“Notice and
Cure”) (except that the cure period for a default under Section 6.1 shall be 15 calendar days following Bank’s said notice), provided such Notice and Cure, as provided for this Loan Agreement shall not be cumulative with any other
provision regarding time, notice and/or cure in any of the other Loan Documents or other agreements. 
  

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 6.1 Nonpayment of Obligations. Any amount due and owing on the Loans, any proper and
documented expenses reasonably incurred by the Bank hereunder or any and all other liabilities and obligations of the Borrower to the Bank under this Loan Agreement, whether now or hereafter existing, whether now due or to become due, direct or
indirect, absolute or contingent, and whether several, joint or joint and several, whether by its terms or as otherwise provided herein, is not paid when due. 

6.2 Misrepresentation. Any warranty, representation, certificate or statement in this Loan Agreement, the Loan Documents or any
other agreement with the Bank or otherwise made by or for any Obligor shall be false in any material respect when made or at any time, or if any financial data or any other information now or hereafter furnished to the Bank by or on behalf of any
Obligor shall prove to be false, inaccurate or misleading in any material respect. 
 6.3 Nonperformance. Any failure to
perform or default in the performance of any covenant, condition or agreement contained in this Loan Agreement, or in the other Loan Documents, all of which covenants, conditions and agreements contained therein are hereby incorporated in this Loan
Agreement by express reference. 
 6.4 Default on Other Obligations. Any default in the payment of principal, interest or
any other sum for any other material obligation of the Borrower with respect to borrowed money in excess of $3,000,000 (as reasonably determined by the Bank) beyond any period of grace provided with respect thereto or in the performance of any other
term, condition or covenant contained in any agreement (including, but not limited to any capital or operating lease or any agreement in connection with the deferred purchase price of property) under which any such material obligation is created,
the effect of which default is to cause the holder of such obligation (or the other party to such other agreement) to cause such obligation to become due prior to its stated maturity. 

6.5 Assignment for Creditors. Any Obligor makes an assignment for the benefit of creditors, fails to pay, or admits in writing its
inability to pay its debts as they mature; or if a trustee of any substantial part of the assets of any Obligor is applied for or appointed, and in the case of such trustee being appointed in a proceeding brought against such Obligor, the Obligor,
by any action or failure to act indicates its approval of, consent to, or acquiescence in such appointment and such appointment is not vacated, stayed on appeal or otherwise shall not have ceased to continue in effect within thirty (30) days
after the date of such appointment. 
 6.6 Bankruptcy. Any proceeding involving any Obligor, is commenced by or against
such Obligor under any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation law or statute of the federal government or any state government, and in the case of any such proceeding being instituted
against such Obligor, (i) such Obligor, by any action or failure to act indicates its approval of, consent to or acquiescence therein, or (ii) an order shall be entered approving the petition in such proceedings and such order is not
vacated, stayed on appeal or otherwise shall not have ceased to continue in effect within ninety (90) days after the entry thereof. 

6.7 Judgments. The entry of any material judgment, decree, levy, attachment, garnishment or other process, or the filing of any
judgment lien against any Obligor which is in an amount greater than $3,000,000 in excess of insurance coverage, and such judgment or other process shall not have been, within ninety (90) days from the entry thereof, (i) bonded over to the
satisfaction of the Bank and appealed, (ii) vacated, or (iii) discharged. 
 6.8 Change in Control. Any sale,
conveyance, assignment or other transfer, directly or indirectly, of any ownership interest of the Borrower or Guarantor or any of their subsidiaries, which results in any Person (other than the Moroun Family Shareholders) Controlling the Borrower,
Guarantor or such subsidiaries, or the grant of a security interest in any ownership interest of any Person, directly or indirectly Controlling the Borrower or Guarantor, which could reasonably be expected to result in any Person (other than the
Moroun Family Shareholders) Controlling the Borrower or Guarantor. 
  

 10 

 6.9 Guaranty. Any guarantor of the Loans or of any other obligation of the Borrower
to the Bank shall contest the validity of the guaranty. 
 6.10 Default of Additional Borrower. Any Matured Event of
Default by either of the Additional Borrowers under the Additional Loan Documents shall simultaneously be an Event of Default hereunder. 

Section 7 Remedies Upon Event of Default. Upon the occurrence and during the continuance of any Event of Default described above, the
Bank’s commitment to lend under any of the Loans, if any, shall be suspended. Upon any Event of Default the Bank may, with written notice, declare the entire unpaid and outstanding principal balance of the Loans, or any of them, and all accrued
interest, together with all other indebtedness of Borrower to the Bank, to be due and payable in full forthwith, without presentment, demand or notice of any kind (except as provided for by this Loan Agreement or any other Loan Document), all of
which are hereby expressly waived by Borrower, and thereupon the Bank shall have and may exercise any one or more of the rights and remedies provided herein or in any of the Loan Documents, including the right to take possession of and dispose of
any Collateral, or otherwise provided by applicable law, and to offset, after three (3) days written notice, against the Loans any amount owing by the Bank to the Borrower. 

Section 8 Cross-Collateralization/Cross-Default. Borrower agrees that any and all collateral securing the Loans or securing the
Additional Loan Agreement under the Additional Loan Documents shall be collateral for and shall secure all indebtedness of Borrower to the Bank under this Loan Agreement and the Notes, whether or not such indebtedness is related by class or kind to
the Loans. Any uncured default by Borrower under the terms of any other indebtedness to the Bank (including under any Letter of Credit and/or the application therefor) shall also constitute an Event of Default under this Loan Agreement and any Event
of Default under this Loan Agreement shall be a default under any and all other indebtedness of Borrower to the Bank. Bank acknowledges that the Guaranty of Guarantor, the Mortgage from Guarantor and the security under the Security Agreement from
Borrower do not guaranty or secure any amounts due Bank from the Additional Borrowers under the Additional Loan Agreement and Additional Loan Documents. 

Section 9 Miscellaneous. 

9.1 No default shall be waived by the Bank except in writing and a waiver of any default shall not be a waiver of any other default or of
the same default on a future occasion. No single or partial exercise of any right, power or privilege hereunder, or any delay in the exercise hereof, shall preclude other or further exercise of the rights of the parties to this Loan Agreement. No
forbearance on the part of the Bank in enforcing any of its rights under this Loan Agreement, nor any renewal, extension or rearrangement of any payment or covenant to be made or performed by the Borrower hereunder shall constitute a waiver of any
of the terms of this Loan Agreement or of any such right. 
 9.2 This Loan Agreement shall be construed in accordance with the
law of the State of Michigan. All covenants, agreements, representations and warranties made in connection with this Loan Agreement and any document contemplated hereby shall survive the borrowing hereunder and shall be deemed to have been relied
upon by the Bank. All statements contained in any certificate or other document delivered to the Bank at any time by or on behalf of the Borrower pursuant hereto shall constitute representations and warranties by the Borrower. 

 

 11 

 9.3 This Loan Agreement, the Loan Documents, and all other written agreements between
Borrower and Bank, constitute the entire agreement of the parties and there are no other agreements, express or implied. This Loan Agreement supersedes any and all commitment letters or term sheets heretofore issued in connection with the Loans.
None of the parties shall be bound by anything not expressed in writing, and neither this Loan Agreement, the Loan Documents, nor any other agreement can be modified except by a writing executed by Borrower and by the Bank. This Loan Agreement shall
inure to the benefit of and shall be binding upon the parties hereto and their respective heirs, personal representatives, successors and assigns; provided, however, that the Borrower shall not assign or transfer its rights or obligations hereunder
without the prior written consent of the Bank. Further, the Bank agrees that it shall not assign or sell participations in this Loan Agreement and the other Loan Documents without the consent of the Borrower (which consent shall not unreasonably be
withheld, conditioned or delayed), provided that no such consent shall be required after the occurrence of an Event of Default or in connection with (a) transfer of any interest to an affiliate of the Bank, (b) a securitization of all or
any portion of the Bank’s assets where the Bank continues to be the sole servicer of this Agreement following such transfer, or (c) a sale of all or any substantial portion of the assets of the Bank. 

9.4 The Borrower agrees that it will pay all costs and expenses in connection with enforcing the Bank’s rights hereunder, including
without limitation any and all reasonable fees and disbursements of legal counsel to the Bank. All references to legal, attorney or counsel fees and expenses shall be deemed to refer to same on a time and charges basis. 

9.5 If any provision of this Loan Agreement shall be held or deemed to be or shall, in fact, be inoperative or unenforceable as applied
in any particular case in any or all jurisdictions, or in all cases because it conflicts with any other provision or provisions hereof or any constitution or statute or rule of public policy, or for any other reason, such circumstances shall not
have the effect of rendering the provision in question inoperative or unenforceable in any other case or circumstance, or of rendering any other provision or provisions herein contained invalid, inoperative, or unenforceable to any extent whatever.
This Loan Agreement may be executed in any number of counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Loan Agreement by signing any such counterpart. 

9.6 Within a reasonable time after execution of this Loan Agreement, Bank shall return all promissory notes previously executed by
Borrower under the Original Loan Agreement as having been refinanced, superseded and replaced. 
 9.7 Borrower agrees to
indemnify Bank from and against any and all claims, losses and liabilities, including, without limitation, reasonable attorneys’ fees on a time and charges basis, growing out of or resulting from this Loan Agreement (including, without
limitation, enforcement of this Loan Agreement), except claims, losses or liabilities resulting solely and directly from Bank’s gross negligence or willful misconduct. The indemnification provided for in this Section shall survive the payment
in full of the Loans. 
  

 12 

 IN WITNESS WHEREOF, this Loan Agreement was executed and delivered by the undersigned on the
date stated in the first paragraph above. 
  

			
	Borrower:
	
	Logistics Insight Corp.
		
	By:	 	 /s/ H. E. WOLFE

		 	H. E. Wolfe
	Its:	 	President and Authorized Officer
	
	Bank:
	
	Fifth Third Bank, a Michigan banking corporation
		
	By:	 	 /s/ JOHN M. BEBB

		 	John M. Bebb
	Its:	 	Vice President and Authorized Officer

JOINDER BY GUARANTOR 

LINC Logistics Company has joined in execution of this Restated Business Loan Agreement for the purpose of agreeing to execute the
Guaranty, Mortgage and the Cross Default, Cross Collateralization and Security Agreement listed on Exhibit B, and to provide the financial statements and other documents required of it by Section 3.1. 

 

			
	 LINC Logistics Company

		
	By:	 	 /s/ M. D. AKKANEN

		 	M. D. Akkanen
	Its:	 	Secretary and Authorized Officer

  

 13 

 AMENDMENT AGREEMENT NO. 1 

Amendment No. 1 to Restated Business Loan Agreement 

THIS AMENDMENT AGREEMENT NO. 1 is made effective as of August 18, 2009, between Fifth Third Bank, a Michigan banking corporation,
(“Bank”), and Logistics Insight Corp., a Michigan corporation (“Borrower”). 
 RECITALS: 

A. Borrower and Bank entered into a Restated Business Loan Agreement, (“Loan Agreement” or “Agreement”) dated
May 19, 2009, pursuant to which Borrower executed and/or delivered (all as defined in the Loan Agreement) (i) the Line of Credit Note, (ii) the Term Loan Note, and (iii) the other Loan Documents. The foregoing documents and any
other documents and instruments executed in conjunction therewith are herein referred to collectively as the “Loan Documents”. 

B. The Borrower has requested a modification to certain of the terms and provisions of the Loan Documents and Bank is agreeable thereto,
on the terms and conditions herein provided (this instrument is referred to as “Amendment No. 1”). 
 C. NOW
THEREFORE, in consideration of the mutual covenants herein contained and of other good and valuable consideration the receipt and sufficiency whereof are hereby acknowledged. Borrower and the Bank hereby agree as follows: 

1. The Loan Documents are hereby amended as follows: 

A. Any reference to the Loan Agreement or terms or references of similar import shall mean the Loan Agreement as amended by this
Amendment No. 1. 
 B. Section 3.2.1 of the Loan Agreement is hereby deleted in its entirety, and in lieu thereof the
following is inserted: 
 3.2.1 Fixed Charge Coverage Ratio. As of the end of each fiscal year,
commencing with the fiscal year ending December 31, 2009, Guarantor shall have a Fixed Charge Coverage Ratio of not less than 1.00 to 1.00. 

C. Section 3.2.2 of the Loan Agreement is hereby deleted in its entirety, and in lieu thereof the following is inserted:

 3.2.2 Senior Leverage Ratio. As of the end of each fiscal quarter, commencing with the fiscal
quarter ending June 30, 2009, Guarantor shall have a Senior Leverage Ratio of not greater than 4.5:1.0. 
 2. Except as
amended herein and in any other amendments executed in conjunction herewith, the Loan Documents shall remain in full force and effect. 
  

 1 

 IN WITNESS WHEREOF the parties hereto have executed this Amendment No. 1 on the date
stated in the first paragraph above. 
  

							
	Witness:	 		 	Borrower:
			
		 		 	Logistics Insight Corp., a Michigan corporation
				
	 /S/ DAVID A. CRITTENDEN
	 		 	By:	 	 /S/ H. E. WOLFE

		 		 		 	H.E. Wolfe
	  
	 		 	Its:	 	President and Authorized Officer
			
		 		 	Bank:
			
		 		 	Fifth Third Bank, a Michigan banking corporation
				
	 /S/ CASSANDRA MCAFEE
	 		 	By:	 	 /S/ JOHN M. BEBB

		 		 		 	John M. Bebb
	  
	 		 	Its:	 	Vice President and Authorized Officer

REAFFIRMATION OF GUARANTY 

The undersigned Guarantor has heretofore executed a Guaranty dated May 19, 2009 (“Guaranty”) with respect to the
obligations of the above referenced Borrower, and hereby consents to the foregoing Amendment No. 1 and the matters therein set forth, and agrees that such Guaranty and the Guarantor’s obligations therein set forth shall remain in full
force and effect after giving effect to the Amendment No. 1. 
  

			
	Guarantor:
	
	“Guarantor”
	LINC Logistics Company
		
	By:	 	 /S/ M. D. AKKANEN

		 	M.D. Akkanen
	Its:	 	Secretary and Authorized Officer

  

 2 

 REAFFIRMATION OF SUBORDINATION AGREEMENT 

The undersigned Creditor and Guarantor have heretofore executed a Debt Subordination Agreement dated May 19, 2009
(“Subordination Agreement”) with respect to the obligations of the above referenced Borrower, and hereby consent to the foregoing Amendment No. 1 and the matters therein set forth, and agree that such Subordination Agreement and the
obligations therein set forth shall remain in full force and effect after giving effect to Amendment No. 1. 
  

			
	“Creditor”
	
	CENTRA, INC.
		
	By:	 	 /S/ HAL M. BRIAND

		 	Hal M. Briand
	Its:	 	Secretary
	
	“Guarantor”
	LINC Logistics Company
		
	By:	 	 /S/ M. D. AKKANEN

		 	M.D. Akkanen
	Its:	 	Secretary and Authorized Officer

  

 3 

 REAFFIRMATION OF CROSS-COLLATERLIZATION/CROSS-DEFAULT 

The undersigned Borrower A and Borrower B have heretofore executed a Cross Default, Cross Collateralization and Security Agreement dated
May 19, 2009 (“Cross Default Agreement”) with respect to the obligations of the above referenced Borrower, and hereby consent to the foregoing Amendment No. 1 and the matters therein set forth, and agree that the obligations
therein set forth shall remain in full force and effect after giving effect to Amendment No. 1. 
  

			
	“Borrower A” and “Purchaser”
	
	 Logistics Insight Corp., a Michigan

corporation

		
	By:	 	 /S/ H. E. WOLFE

		 	H.E. Wolfe
	Its:	 	President and Authorized Officer
	
	“Borrower B”
	
	LGSI Equipment of Indiana, an Indiana limited liability company
		
	By:	 	 /S/ DAVID A. CRITTENDEN

		 	David A. Crittenden
	Its:	 	President and Authorized Officer
	
	and
	
	LGSI Equipment of Wyoming, a Wyoming corporation
		
	By:	 	 /S/ DAVID A. CRITTENDEN

		 	David A. Crittenden
	Its:	 	President and Authorized Officer

  

 4 

 AMENDMENT AGREEMENT NO. 2 

Amendment No. 2 to Restated Business Loan Agreement 

This Amendment Agreement No. 2 is made effective as of September 10, 2010, between Fifth Third Bank, a Michigan banking
corporation (“Bank”), and Logistics Insight Corp., a Michigan corporation (“Borrower”). 
 RECITALS:

 A. Borrower and Bank entered into a Restated Business Loan Agreement dated May 19, 2009 and an Amendment No. 1 to
Restated Business Loan Agreement dated as of August 18, 2009 (collectively, the “Loan Agreement” or “Agreement”). Pursuant to the Loan Agreement, Borrower executed and/or delivered (all as defined in the Loan Agreement)
(i) the Line of Credit Note, (ii) the Term Loan Note, and (iii) the other Loan Documents. The foregoing documents and any other documents and instruments executed in conjunction therewith are herein referred to collectively as the
“Loan Documents.” 
 B. The Borrower has requested a modification to, and consent under, certain of the terms and
provisions of the Loan Documents and Bank is agreeable thereto, on the terms and conditions herein provided (this instrument is referred to as “Amendment No. 2”). 

C. NOW, THEREFORE, in consideration of the mutual covenants herein contained and of other good and valuable consideration, the receipt
and sufficiency whereof are hereby acknowledged. Borrower and the Bank hereby agree as follows: 
 1. The Loan Documents are
hereby amended as follows: 
 A. Any reference to the Loan Agreement or terms or references of similar import
shall mean the Loan Agreement as amended by this Amendment No. 2. 
 B. Section 1.1.11 of the Loan
Agreement, which defines “Fixed Charge Coverage Ratio,” is hereby deleted in its entirety, and in lieu thereof, the following is inserted: 

1.1.11 “Fixed Charge Coverage Ratio” means as of any date of determination thereof a ratio the numerator of which is
EBITDA for the four preceding fiscal quarters ending on such date plus the amount, if any, of net proceeds raised in an initial public offering or other sale of equity for cash in excess of $120,000,000 in the aggregate, minus Capital Expenditures
during such period, minus dividends and distributions by Guarantor to its shareholders during such period (excluding the Special Distributions) and the denominator of which is all contractually scheduled payments of principal with respect to term
debt during such period (including the principal component of payments with respect to Capital Leases) and all payments of interest during such period (including the interest component of payments with respect to Capital Leases), all as determined
on a consolidated basis in accordance with GAAP. 

 C. Section 1.1.29 of the Loan Agreement, which defines “Special
Distributions,” is hereby deleted in its entirety, and in lieu thereof, the following is inserted: 
 1.1.29
“Special Distributions” means dividends or distributions to Guarantor’s shareholders (a) in an amount not exceeding $93,000,000 made solely with the net proceeds of an initial public offering of stock by Guarantor in an
amount not less than $110,000,000; (b) in an amount not to exceed the sum of (i) $15,000,000 plus (ii) the amount, if any, by which the net proceeds received in an initial public offering or other sale of equity for cash shall exceed
$138,000,000, but in no event in excess of $33,800,000;, and (c) any other amounts as have been paid prior to the date of this Agreement. For the purposes of clarity, the $93,000,000 amount set forth in clause (a) consists of the existing
$68,000,000 accrued dividend payable and the existing $25,000,000 Dividend Distribution Promissory Note dated December 31, 2008 (the “Dividend Note”) issued by Guarantor. 

D. Effective upon Guarantor’s receipt of the proceeds of an initial public offering of stock of Guarantor of not less than
$110,000,000, Section 6.8 of the Loan Agreement is deleted in its entirety, and, in lieu thereof, the following is inserted: 

6.8 Change in Control. Any sale, conveyance, assignment or other transfer of any ownership interest of any of the
direct or indirect “significant subsidiaries” of Guarantor (including, without limitation, the Borrower), which results in any Person (other than the Guarantor, directly or indirectly by virtue of its ownership interest in another entity)
Controlling any such “significant subsidiary.” For this purpose, the “significant subsidiaries” shall consist of: 

Borrower 

Central Global Express, Inc. 

CTX, Inc. 

LINC Ontario, Ltd. 

Maintenance Insight, LLC 

On Demand Transport, Inc. 

OTR Logistics, Inc. 

Pro Logistics, Inc. 
  

 2 

 Significant subsidiaries which are direct subsidiaries of Borrower are:

 Dedicated Fuel, LLC 

LGSI Equipment, Inc. of Wyoming 

LGSI Equipment of Indiana, LLC 

For the purpose of clarity, it is acknowledged that (y) a change in ownership or Control of Guarantor or (z) a change of
ownership or Control of a significant subsidiary of Borrower which results in Guarantor remaining in Control of such significant subsidiary, directly or indirectly by virtue of its ownership interest in another entity, shall not constitute a
violation of or default under this Section 6.8. 
 2. Bank consents that the Special Distribution described in clause
(a) of Section 1.1.29, including principal and interest on the Dividend Note, may be paid by Guarantor upon Guarantor’s receipt of the net proceeds of an initial public offering of stock of Guarantor in an amount not less than
$110,000,000. 
 3. Except as amended herein and in any other amendments executed in conjunction herewith, the Loan Documents
shall remain in full force and effect. In the event that Guarantor does not consummate an initial public offering of stock on or before February 15, 2011, this Amendment No. 2 shall be null and void and of no further force or effect.

 IN WITNESS WHEREOF the parties have executed this Amendment No. 2 on the date stated in the first paragraph above.

  

									
		 	Witness	 		 	Borrower:
		 		 	Logistics Insight Corp., a Michigan corporation
					
		 	/s/ Amy Tomaszek	 		 	By:	 	/s/ H.E. Wolfe
		 	/s/ Nikole Vinch	 		 		 	 H.E. Wolfe
 Its: President
and Authorized Officer

				
		 		 		 	Bank:
		 		 	Fifth Third Bank, a Michigan corporation
					
		 	/s/ Marla Merritt	 		 	By:	 	/s/ John M. Bebb
		 	/s/ John Antonczak	 		 		 	 John M. Bebb
 Its: Vice
President and Authorized Officer

  

 3 

 REAFFIRMATION OF GUARANTY 

The undersigned Guarantor has heretofore executed a Guaranty dated May 19, 2009 (“Guaranty”) with respect to the
obligations of the above referenced Borrower, and hereby consents to the foregoing Amendment No. 2 and the matters therein set forth, and agrees that such Guaranty and the Guarantor’s obligations therein set forth shall remain in full
force and effect after given effect to the Amendment No. 2. 
  

									
		 		 		 	Guarantor:
		 		 		 	LINC Logistics Company
					
		 		 		 	By:	 	/s/ M.D. Akkanen
		 		 		 		 	 M.D. Akkanen
 Its: Secretary
and Authorized Officer

 REAFFIRMATION OF CROSS-COLLATERALIZATION/CROSS-DEFAULT 

The undersigned Borrower A and Borrower B have heretofore executed a Cross Default, Cross Collateralization and Security Agreement dated
May 19, 2009 (“Cross Default Agreement”) with respect to the obligations of the above referenced Borrower, and hereby consent to the foregoing Amendment No. 2 and the matters therein set forth, and agree that the obligations
therein set forth shall remain in full force and effect after giving effect to Amendment No. 2. 
  

									
		 		 		 	Borrower A and Purchaser:
		 		 		 	Logistics Insight Corp., a Michigan corporation
					
		 		 		 	By:	 	/s/ H. E. Wolfe
		 		 		 		 	 H.E. Wolfe
 Its: President
and Authorized Officer

				
		 		 		 	 Borrower B:
 LGSI
Equipment of Indiana, an Indiana
 limited liability company

					
		 		 		 	By:	 	/s/ David A. Crittenden
		 		 		 		 	 David A. Crittenden
 Its:
President and Authorized Officer

				
		 		 		 	                     and

  
 LGSI Equipment, Inc. of Wyoming, a Wyoming
corporation

					
		 		 		 	By:	 	/s/ David A. Crittenden
		 		 		 		 	 David A. Crittenden
 Its:
President and Authorized Officer

  

 4

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