Document:

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                                                                   Exhibit 10.29

                                LOCK-UP AGREEMENT

          This LOCK-UP AGREEMENT (this "Agreement") is entered into as of April
10, 2002, by and among Quality Distribution, Inc., a Florida corporation (the
"Company"), and those members of management of the Company identified on the
signature page hereto (individually, a "Management Person," and collectively the
"Management Persons" or the "Management Group").

          WHEREAS, the Company has issued $100,000,000 aggregate principal
amount of its 10% Series B Senior Subordinated Notes due 2006 (the "Fixed Rate
Notes") and $40,000,000 aggregate principal amount of its Series B Floating
Interest Rate Subordinated Term Securities due 2006 (FIRSTS(SM)) (the "FIRSTS",
and together with the Fixed Rate Notes, the "Old Notes"); and

          WHEREAS, the Management Persons own an aggregate of $1,000,000
principal amount of the Old Notes (the "Management Group Old Notes"), and such
principal amount remains outstanding as of the date hereof; and

          WHEREAS, pursuant to the terms of an Offering Memorandum and Consent
Solicitation Statement, dated as of the date hereof, and incorporated herein by
reference (as such document may be amended and/or supplemented from time to
time, the "Offering Memorandum"; references herein to the Offering Memorandum or
to information included therein include all material incorporated therein by
reference), the Company is offering all holders of Old Notes (other than the
Management Group, Apollo Investment Fund III, L.P., Apollo Overseas Partners
III, L.P. and Apollo (U.K.) Partners III, L.P. (collectively, the "Apollo
Entities") and ARES Leveraged Investment Fund, L.P. and ARES Leveraged
Investment Fund II, L.P. (collectively, the "Ares Entities")) the opportunity to
exchange pursuant to the terms set forth in the Offering Memorandum (the
"Debt/Equity Exchange"), Old Notes for debt and equity securities (the
"Debt/Equity Securities") consisting of (a) 12.5% Senior Subordinated Secured
Notes due 2008 (the "New Notes"), which will be issued by Quality Distribution,
LLC, a wholly owned subsidiary of the Company ("QDI LLC") to be formed on or
prior to the Closing Date, (b) 12% Junior Subordinated PIK Notes due 2009 (the
"Junior PIK Notes"), which will be issued by the Company and (c) Warrants (the
"Warrants"), each to purchase one share of the Company's Common Stock, $0.01 par
value per share (the "Common Stock"); and

          WHEREAS, upon the satisfaction of certain conditions set forth herein,
the Company has agreed to issue to the Management Persons, and the Management
Persons have agreed to acquire from the Company, (i) Debt/Equity Securities,
(ii) shares of the Company's 13.75% Preferred Stock, par value $0.01 per share
(the "13.75% Preferred Stock") or (iii) the Company's 10% Senior Secured Notes
due 2008 (the "10% Senior Secured Notes"), in each case in exchange for all of
the Management Group Old Notes and simultaneous with the consummation of the
Apollo Debt/Equity Exchange, Apollo Junior Exchange or Apollo Senior Note
Exchange (each as defined below), respectively, all as more fully set forth
herein; and

          WHEREAS, simultaneous with the consummation of the Debt/Equity
Exchange and upon the satisfaction of certain conditions set forth in that
certain Lock-Up and Purchase Agreement, dated as of the date hereof, among the
Company and the Apollo Entities (the

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"Apollo Lock-Up Agreement"), the Company has agreed to issue to the Apollo
Entities, and the Apollo Entities have agreed to acquire from the Company,
Debt/Equity Securities in exchange (the "Apollo Debt/Equity Exchange") for all
of the Old Notes owned by the Apollo Entities (the "Apollo Old Notes"), all as
more fully set forth therein; and

          WHEREAS, simultaneous with the consummation of the Debt/Equity
Exchange and upon the satisfaction of certain conditions set forth in that
certain Lock-Up Agreement, dated as of the date hereof, among the Company and
the Ares Entities (the "Ares Lock-Up Agreement"), the Company has agreed to
issue to the Ares Entities, and the Ares Entities have agreed to acquire from
the Company, Debt/Equity Securities in exchange (the "Ares Debt/Equity
Exchange") for all of the Old Notes owned by the Ares Entities, all as more
fully set forth therein; and

          WHEREAS, pursuant to the terms of the Apollo Lock-Up Agreement, in
lieu of consummating the Apollo Debt/Equity Exchange and simultaneous with the
consummation of the Debt/Equity Exchange, the Apollo Entities have agreed to
acquire from the Company, and the Company has agreed to issue to the Apollo
Entities, shares of the 13.75% Preferred Stock, in exchange (the "Apollo Junior
Exchange") for all of the Apollo Old Notes, all as more fully set forth therein;
and

          WHEREAS, if the Apollo Junior Exchange is to be consummated and
certain conditions set forth in the Apollo Lock-Up Agreement are satisfied, the
Apollo Entities have agreed to purchase from the Company, and the Company has
agreed to sell to the Apollo Entities, additional shares of 13.75% Preferred
Stock, all as more fully set forth therein; and

          WHEREAS, pursuant to the terms of the Apollo Lock-Up Agreement, if the
Debt/Equity Exchange is not consummated because certain conditions thereto are
not satisfied, in lieu of the Apollo Debt/Equity Exchange or the Apollo Junior
Exchange, as the case may be, the Company has agreed to issue to the Apollo
Entities, and the Apollo Entities have agreed to acquire from the Company, 10%
Senior Secured Notes in exchange (the "Apollo Senior Note Exchange") for all of
the Apollo Old Notes, all as more fully set forth therein; and

          NOW, THEREFORE, the parties hereto, intending to be legally bound
hereby, agree as follows:

     1. The Transactions.

          (a)  The Management Group Debt/Equity Exchange.

                    (i)   Consideration. Subject to the terms and conditions
     contained herein, if the Apollo Debt/Equity Exchange is consummated, then
     the Company shall issue to each Management Person that number of
     Debt/Equity Securities (the "Management Group Debt/Equity Securities") set
     forth opposite such Management Person's name in column 2 of Schedule I
     attached hereto and each Management Person shall deliver to the Company in
     exchange therefor the principal amount of Management Group Old Notes set
     forth opposite such Management Person's name in column 3 of Schedule I
     attached hereto (the "Management Group Debt/Equity Exchange"). Any unpaid
     interest on the Management Group Old Notes accrued through the Closing Date
     (as defined herein) will become

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     immediately due and payable on the first interest payment date provided for
     in the New Notes.

                    (ii)  Terms of the Management Group Debt/Equity Securities.
     The Management Group Debt/Equity Securities will be governed by (A) in the
     case of the New Notes (the "Management Group New Notes"), an Indenture in
     the form attached to the Offering Memorandum (the "New Note Indenture"),
     (B) in the case of the Junior PIK Notes (the "Management Group Junior PIK
     Notes"), an Indenture in the form attached to the Offering Memorandum (the
     "Junior PIK Note Indenture") and (C) in the case of the Warrants (the
     "Management Group Warrants"), a Warrant Agreement in the form attached to
     the Offering Memorandum (the "Warrant Agreement"); in each case as such
     document may be amended and/or supplemented from time to time.

          (b)  The Management Group Junior Exchange.

                    (i)   Consideration. Subject to the terms and conditions
     contained herein, if the Apollo Junior Exchange is consummated, then in
     lieu of consummating the Management Group Debt/Equity Exchange, the Company
     shall issue to each Management Person that number of shares of 13.75%
     Preferred Stock set forth opposite such Management Person's name in column
     2 of Schedule II attached hereto and each Management Person shall deliver
     to the Company in exchange therefor the principal amount of Management
     Group Old Notes set forth opposite such Management Person's name in column
     3 of Schedule II attached hereto (the "Management Group Junior Exchange").
     Any unpaid interest on the Management Group Old Notes accrued through the
     Closing Date will become immediately due and payable on the same date that
     holders of Debt/Equity Securities receive such interest on their Old Notes
     pursuant to the terms of the Offering Memorandum.

                    (ii)  Terms of the 13.75% Preferred Stock. The terms and
     conditions of the 13.75% Preferred Stock shall be as set forth in the
     Articles of Amendment filed in connection therewith in the form attached to
     the Offering Memorandum.

          (c)  The Management Group 10% Senior Note Exchange.

                    (i)   Consideration. Subject to the terms and conditions
     contained herein, if the Apollo Senior Note Exchange has been consummated,
     then the Company shall issue to each Management Person the principal amount
     of 10% Senior Secured Notes (the "Management Group 10% Senior Secured
     Notes") set forth opposite such Management Person's name in column 2 of
     Schedule III attached hereto and each Management Person shall deliver to
     the Company in exchange therefor the principal amount of Management Group
     Old Notes set forth opposite such Management Person's name in column 3 of
     Schedule III attached hereto (the "Management Group Senior Note Exchange").
     Any unpaid interest on the Management Group Old Notes accrued through the
     Closing Date will become immediately due and payable on the first interest
     payment date provided for in the Management Group 10% Senior Secured Notes.

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                    (ii)  Terms of the Management Group 10% Senior Secured
     Notes. The Management Group 10% Senior Secured Notes will be governed by an
     Indenture to be dated the Closing Date (as defined below) (the "10% Senior
     Secured Note Indenture"). The Company hereby agrees that in the event the
     Management Group Senior Note Exchange is to be consummated, the Company
     shall take all action necessary to have the 10% Senior Secured Note
     Indenture and any security agreement related thereto (reasonably acceptable
     to the Management Persons) executed and delivered on or prior to the
     Closing Date.

     2. Closing.

          (a)  Closing Date. The consummation of the transactions contemplated
hereby (each, a "Closing"), shall occur at the offices of O'Sullivan LLP, 30
Rockefeller Plaza, New York, New York 10112 on the following dates: (i) in the
case of the Management Group Debt/Equity Exchange, simultaneously with the
Apollo Debt/Equity Exchange, (ii) in the case of the Management Group Junior
Exchange, simultaneously with the Apollo Junior Exchange or (iii) in the case of
the Management Group Senior Note Exchange, simultaneously with the closing of
the Senior Note Exchange (as defined in the Offering Memorandum). For purposes
of this Agreement, the date of the Closing provided for in the immediate
preceding sentence is hereinafter referred to as the "Closing Date".

          (b)  Company Obligations. At the Closing, the Company will cause to be
delivered to the Management Persons (i) the Management Group Debt/Equity
Securities through the facilities of The Depository Trust Company ("DTC"), (ii)
the Management Group 10% Senior Secured Notes, or (iii) the 13.75% Preferred
Stock, as the case may be. In addition, at the Closing (other than in the case
of a closing of the Management Group Junior Exchange) the Company will cause to
be delivered to the Management Persons an executed copy of the Registration
Rights Agreement, dated as of the Closing Date, by and among QDI LLC (in the
event of consummation of the Management Group Debt/Equity Exchange) or
alternatively, the Company (in the event of consummation of the Management Group
Senior Note Exchange), the Management Persons and the other parties thereto,
substantially in the form described in the Offering Memorandum (the
"Registration Rights Agreement") and reliance letters addressed to the
Management Group with respect to those portions of the legal opinions and
certificates delivered to Deutsche Bank Securities Inc. (as Dealer Manager for
the Debt/Equity Exchange) as the Management Group shall reasonably request.

          (c)  Management Persons' Obligations. At the Closing, the Management
Persons will cause to be delivered to the Company (i) the Management Group Old
Notes through the facilities of DTC and (ii) if applicable, an executed copy of
the Registration Rights Agreement.

     3. Representations of the Management Persons.

          Each Management Person hereby severally and not jointly represents and
warrants to the Company as follows:

          (a)  Authorization. Such Management Person has the requisite power and
authority to execute, deliver and perform his obligations under this Agreement.
This Agreement

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constitutes a legal, valid and binding obligation of such Management Person,
enforceable in accordance with its terms, except that the enforcement thereof
may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent
conveyance, moratorium or other similar laws now or hereafter in effect relating
to creditors' rights generally, (ii) general principles of equity and the
discretion of the court before which any proceeding therefor may be brought
(regardless of whether such enforcement is considered in a proceeding in equity
or at law) and (iii) public policy considerations.

          (b)  No Violations. Neither the execution and delivery of this
Agreement nor the consummation of the transactions contemplated hereby by such
Management Person shall (i) violate any law, the result of which would prevent
such Management Person from consummating the transactions contemplated hereby or
(ii) result in a breach of, constitute a default under, result in the
acceleration of, create in any party the right to accelerate, terminate, modify,
or cancel, or require any notice under, any contract to which such Management
Person is a party or by which such Management Person is bound or to which any of
such Management Person's assets is subject, the result of which would prevent
the consummation of the transactions contemplated hereby.

          (c)  No Consents. No material permit, authorization, order, consent or
approval of or by, or any material notification of or filing with, any person
(governmental or private) is required in connection with the execution, delivery
and performance by such Management Person of this Agreement or the consummation
by such Management Person of the transactions contemplated hereby.

          (d)  Access to Information. The Company has made available to such
Management Person all reports, schedules, forms, statements and other documents
filed by the Company with the Securities and Exchange Commission pursuant to the
reporting requirements of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and such Management Person has received physical delivery of
all such documents, records and information which such Management Person has
requested, and has had adequate opportunity to ask questions of, and receive
answers from, the Company's officers, employees, agents, accountants, and
representatives concerning the Company's business, operations, financial
condition, assets, liabilities, and all other matters relevant in consummating
the transactions contemplated herein.

          (e)  Title to Old Notes. Immediately prior to the Closing, such
Management Person will have title to the Management Group Old Notes being
exchanged by such Management Person, as applicable, free and clear of all
claims, liens, title defects and objections or equities of any kind and nature
whatsoever.

          (f)  Investment Representations.

                    (i)   Such Management Person is the person who exercises
     full investment discretion with respect to the Management Group Old Notes
     owned by such Management Person and such Management Person has neither
     purchased nor sold for his account any Management Group Old Notes, as
     applicable, since the original issuance thereof.

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                    (ii)  Such Management Person is acquiring the Management
     Group 10% Senior Secured Notes, the Management Group Debt/Equity Securities
     or the 13.75% Preferred Stock, as applicable, for his own account, and not
     as a nominee or agent for any other person, firm or corporation, and not
     with a view to the sale or distribution of all or any part thereof in any
     transaction that would be in violation of the securities laws of the United
     States, and it has no present intention of selling or otherwise
     distributing any of such securities in violation of the Securities Act of
     1933, as amended (the "Securities Act"). Such Management Person does not
     have any contract, undertaking, agreement or arrangement with any person,
     firm or corporation to sell, transfer or grant participations to such
     person, firm or corporation with respect to any such securities.

                    (iii) Such Management Person understands that none of the
     Management Group 10% Senior Secured Notes, the Management Group Debt/Equity
     Securities (including the Management Group Warrants and the Common Stock
     issuable upon exercise of the Management Group Warrants comprising the
     Management Group Debt/Equity Securities) or the 13.75% Preferred Stock, as
     applicable, acquired hereunder will be registered under the Securities Act
     on the Closing Date, in part based upon an exemption from registration
     predicated on the accuracy and completeness of his representations and
     warranties appearing herein. Such Management Person understands and
     acknowledges that, as a result, he will not be permitted to sell, transfer
     or assign any of such securities acquired hereunder until such securities
     are registered, or an exemption from the registration and prospectus
     delivery requirements of the Securities Act is available.

                    (iv)  Such Management Person agrees that in no event will he
     make a disposition of any of the Management Group 10% Senior Secured Notes,
     the Management Group Debt/Equity Securities (including the Management Group
     Warrants and the Common Stock issuable upon exercise of the Management
     Group Warrants comprising the Management Group Debt/Equity Securities) or
     the 13.75% Preferred Stock, as applicable, or any interest therein, unless
     such securities are registered under the Securities Act or unless and until
     (A) he shall have notified the Company of the proposed disposition and
     shall have furnished the Company with a statement of the circumstances
     surrounding the proposed disposition and (B) he shall have furnished the
     Company with an opinion of counsel, satisfactory in form and content to the
     Company, to the effect that (x) such disposition will not require
     registration of such security under the Securities Act or compliance with
     applicable state securities laws or (y) an exemption from the registration
     requirements of the Securities Act is available and that all appropriate
     action necessary for compliance thereunder and under the applicable state
     securities laws has been taken.

                    (v)   Such Management Person is an "Accredited Investor" as
     such term is defined in Rule 501 of Regulation D promulgated under the
     Securities Act; does not require the assistance of an investment advisor or
     other purchaser representative to participate in the transactions
     contemplated by this Agreement; has such knowledge and experience in
     financial and business matters as to be capable of evaluating the merits
     and risks of his investment in the Management Group 10% Senior Secured
     Notes, the Management Group Debt/Equity Securities or the 13.75% Preferred
     Stock, as applicable;

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     has the ability to bear the economic risks of his investment for an
     indefinite period of time; and has had adequate opportunity to ask
     questions of, and receive answers from, the Company concerning all matters
     relevant to the transactions contemplated herein.

          (g)  Section 4(2) Exemption. Such Management Person acknowledges that
the transactions contemplated hereby are intended to be exempt from registration
by virtue of Section 4(2) of the Securities Act. Such Management Person knows of
no reason why such exemption would not be available for the transactions
contemplated hereby.

          (h)  Brokers. There is no broker, investment banker, financial
advisor, finder or other person which has been retained by or is authorized to
act on behalf of such Management Person who might be entitled to any fee or
commission for which the Company will be liable in connection with the execution
of this Agreement or the transactions contemplated hereby.

     4. The Company's Representations.

          The Company hereby represents and warrants to each Management Person
(i) with respect to itself and each Guarantor (as defined below) on the date
hereof and (ii) in the event of the Management Group Debt/Equity Exchange, with
respect to QDI LLC on the Closing Date, as follows:

          (a)  Organization, Authority, etc. The Company and each of its
subsidiaries which are guarantors of the Old Notes and will become guarantors of
the Management Group New Notes or the Management Group 10% Senior Secured Notes,
as applicable (the "Guarantors"), has been duly incorporated or organized, as
the case may be, is validly existing and is in good standing under the laws of
its jurisdiction of incorporation or organization, with all requisite corporate
or other power and authority to own or lease its properties and conduct its
businesses as now conducted as described in the Offering Memorandum, and is duly
qualified to do business as a foreign corporation and is in good standing in all
other jurisdictions where the ownership or leasing of its properties or the
conduct of its businesses requires such qualification, except where the failure
to be so qualified would not, individually or in the aggregate, have a material
adverse effect on the business, condition (financial or other) or results of
operations of the Company and its subsidiaries, taken as a whole (a "Material
Adverse Effect").

          (b)  Corporate Acts and Proceedings. The execution and delivery of
this Agreement and the transactions contemplated hereby have been duly and
validly authorized, and all necessary corporate action has been taken to make
this Agreement a legal, valid and binding obligation of the Company, enforceable
in accordance with its terms, except that the enforcement thereof may be subject
to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium
or other similar laws now or hereafter in effect relating to creditors' rights
generally, (ii) general principles of equity and the discretion of the court
before which any proceeding therefor may be brought (regardless of whether such
enforcement is considered in a proceeding in equity or at law) and (iii) public
policy considerations.

          (c)  Valid Issuance.

          The Management Group New Notes or the Management Group 10% Senior
Secured Notes, as applicable, will be in the form contemplated by the New Note
Indenture or the

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10% Senior Secured Note Indenture, as applicable, and will conform in all
material respects to the description thereof in the Offering Memorandum; the
Management Group New Notes or the Management Group 10% Senior Secured Notes have
been duly authorized by QDI LLC or the Company, as applicable, and, when
executed by QDI LLC or the Company and authenticated by the trustee in
accordance with the provisions of the New Note Indenture or the 10% Senior
Secured Note Indenture, as applicable, and when delivered against receipt of the
Management Group Old Notes in connection with the consummation of the Management
Group Debt/Equity Exchange or the Management Group Senior Note Exchange, as
applicable, in accordance with the terms of the Offering Memorandum, will be
duly executed, issued and delivered and will constitute valid and binding
obligations of the Company, enforceable against QDI LLC or the Company, as
applicable, in accordance with their terms, and will be entitled to the benefits
of the New Note Indenture or the 10% Senior Secured Note Indenture, as
applicable, except that the enforcement thereof may be subject to (i)
bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or
other similar laws now or hereafter in effect relating to creditors' rights
generally, (ii) general principles of equity and the discretion of the court
before which any proceeding therefor may be brought (regardless of whether such
enforcement is considered in a proceeding in equity or at law) and (iii) public
policy considerations.

          The Management Group Junior PIK Notes, when and if issued, will be in
the form contemplated by the Junior PIK Note Indenture and will conform in all
material respects to the description thereof in the Offering Memorandum; the
Management Group Junior PIK Notes have been duly authorized by the Company and,
when executed by the Company and authenticated by the trustee thereunder in
accordance with the provisions of the Junior PIK Note Indenture and, when
delivered against receipt of the Management Group Old Notes in connection with
the consummation of the Management Group Debt/Equity Exchange in accordance with
the terms of the Offering Memorandum, will be duly executed, issued and
delivered and will constitute valid and binding obligations of the Company,
enforceable against the Company in accordance with their terms, and will be
entitled to the benefits of the Junior PIK Note Indenture, except that the
enforcement thereof may be subject to (i) bankruptcy, insolvency,
reorganization, fraudulent conveyance, moratorium or other similar laws now or
hereafter in effect relating to creditors' rights generally, (ii) general
principles of equity and the discretion of the court before which any proceeding
therefor may be brought (regardless of whether such enforcement is considered in
a proceeding in equity or at law) and (iii) public policy considerations.

          The 10% Senior Secured Note Indenture has been duly authorized by the
Company and each of the Guarantors and, when executed and delivered by the
Company and each of the Guarantors (assuming the due authorization, execution
and delivery by the trustee thereunder), will have been duly executed and
delivered, and upon consummation of the Management Group Senior Note Exchange
will constitute a valid and binding obligation of the Company and each of the
Guarantors, enforceable against the Company and each of the Guarantors in
accordance with its terms, except that the enforcement thereof may be subject to
(i) bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or
other similar laws now or hereafter in effect relating to creditors' rights
generally, (ii) general principles of equity and the discretion of the court
before which any proceeding therefor may be brought (regardless of whether such
enforcement is considered in a proceeding in equity or at law) and (iii) public
policy considerations.

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          The New Note Indenture has been duly authorized by QDI LLC and each of
the Guarantors and, when executed and delivered by QDI LLC and each of the
Guarantors (assuming the due authorization, execution and delivery by the
trustee thereunder), will have been duly executed and delivered, and upon
consummation of the Management Group Debt/Equity Exchange will constitute a
valid and binding obligation of QDI LLC and each of the Guarantors, enforceable
against QDI LLC and each of the Guarantors in accordance with its terms, except
that the enforcement thereof may be subject to (i) bankruptcy, insolvency,
reorganization, fraudulent conveyance, moratorium or other similar laws now or
hereafter in effect relating to creditors' rights generally, (ii) general
principles of equity and the discretion of the court before which any proceeding
therefor may be brought (regardless of whether such enforcement is considered in
a proceeding in equity or at law) and (iii) public policy considerations.

          The Junior PIK Note Indenture has been duly authorized by the Company
and, when executed and delivered by the Company (assuming the due authorization,
execution and delivery by the trustee under the Junior PIK Note Indenture), will
have been duly executed and delivered, and upon consummation of the Management
Group Debt/Equity Exchange will constitute a valid and binding obligation of the
Company, enforceable against the Company in accordance with its terms, except
that the enforcement thereof may be subject to (i) bankruptcy, insolvency,
reorganization, fraudulent conveyance, moratorium or other similar laws now or
hereafter in effect relating to creditors' rights generally, (ii) general
principles of equity and the discretion of the court before which any proceeding
therefor may be brought (regardless of whether such enforcement is considered in
a proceeding in equity or at law) and (iii) public policy considerations.

          The Management Group Warrants to be issued pursuant to the Management
Group Debt/Equity Exchange have been duly authorized by the Company and, when
issued and executed by the Company, authenticated by the Warrant Agent under the
Warrant Agreement and delivered against receipt of the Management Group Old
Notes in connection with the consummation of the Management Group Debt/Equity
Exchange in accordance with the terms of the Offering Memorandum, will be
validly issued and will constitute valid and binding obligations of the Company,
entitled to the benefits of the Warrant Agreement and enforceable against the
Company in accordance with their terms, except that the enforcement thereof may
be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance,
moratorium or other similar laws now or hereafter in effect relating to
creditors' rights generally, (ii) general principles of equity and the
discretion of the court before which any proceeding therefor may be brought
(regardless of whether such enforcement is considered in a proceeding in equity
or at law) and (iii) public policy considerations.

          The Warrant Agreement has been duly authorized by the Company and,
when executed and delivered by the Company (assuming the due authorization,
execution and delivery by the Warrant Agent under the Warrant Agreement), will
have been duly executed and delivered, and upon consummation of the Management
Group Debt/Equity Exchange will constitute a valid and binding obligation of the
Company, enforceable against the Company in accordance with its terms, except
that the enforcement thereof may be subject to (i) bankruptcy, insolvency,
reorganization, fraudulent conveyance, moratorium or other similar laws now or
hereafter in effect relating to creditors' rights generally, (ii) general
principles of equity and the

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discretion of the court before which any proceeding therefor may be brought
(regardless of whether such enforcement is considered in a proceeding in equity
or at law) and (iii) public policy considerations.

          The guarantees of the Management Group New Notes or the Management
Group 10% Senior Secured Notes, as applicable, to be issued by each of the
Guarantors have been duly authorized by each Guarantor and, upon the execution,
authentication and delivery of the Management Group New Notes or the Management
Group 10% Senior Secured Notes, as applicable, and delivery against receipt of
the Management Group Old Notes in connection with the consummation of the
Management Group Debt/Equity Exchange or the Management Group Senior Note
Exchange, as applicable, in accordance with the terms of the Offering
Memorandum, will be duly executed and delivered, will be entitled to the
benefits of the New Note Indenture or the 10% Senior Secured Note Indenture, as
applicable, and will constitute valid and binding obligations of the Guarantors,
enforceable against each of the Guarantors in accordance with their terms,
except that the enforcement thereof may be subject to (i) bankruptcy,
insolvency, reorganization, fraudulent conveyance, moratorium or other similar
laws now or hereafter in effect relating to creditors' rights generally, (ii)
general principles of equity and the discretion of the court before which any
proceeding therefor may be brought (regardless of whether such enforcement is
considered in a proceeding in equity or at law) and (iii) public policy
considerations.

          Each of the Security Documents (as defined in the Offering Memorandum)
has been duly authorized by the Company and/or each of the Guarantors party
thereto and, when executed and delivered by the Company and/or each of such
Guarantors (assuming the due authorization, execution and delivery thereof by
Credit Suisse First Boston, as collateral agent (the "Collateral Agent")), will
have been duly executed and delivered on the Closing Date and will constitute a
valid and binding obligation of the Company and/or each of such Guarantors,
enforceable against the Company and/or each of such Guarantors in accordance
with its terms and, upon filing of financing statements (containing adequate
descriptions of the Collateral (as defined in the Offering Memorandum)) or
recording of Mortgages (as defined in the Offering Memorandum), or an amendment
to existing Mortgages, as appropriate, with the appropriate governmental
authorities (including payment of the appropriate filing or recording fees and
any applicable taxes) and delivery of the applicable documents to the Collateral
Agent in accordance with the provisions of the Security Documents, a valid and
perfected Lien (as defined in the Offering Memorandum) on the Collateral
consisting of real property and a perfected security interest in the Collateral
consisting of personal property on the Closing Date securing obligations of the
Company and the Guarantors under the New Note Indenture or the 10% Senior
Secured Note Indenture, as applicable, which lien and security interest will be
superior to and prior to the Liens of all third persons other than the holders
of Liens permitted by the applicable Security Document or Permitted Liens under
the Credit Agreement, dated as of June 9, 1998 and amended and restated as of
August 28, 1998, as further amended to the date hereof (including without
limitation pursuant to Amendment No. 5 to the Credit Agreement) (the "Credit
Agreement"), among the Company and the other parties thereto, except that the
enforcement thereof may be subject to (1) bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium or other similar laws now or hereafter in
effect relating to creditors' rights generally, (2) general principles of equity
and the discretion of the court before which any proceeding

                                       10

<PAGE>

therefor may be brought (regardless of whether such enforcement is considered in
a proceeding in equity or at law) and (3) public policy considerations.

                     The Registration Rights Agreement has been duly authorized
by the Company or QDI LLC, as applicable, and each of the Guarantors and, when
executed and delivered by the Company or QDI LLC, as applicable, and each of the
Guarantors, will have been duly executed and delivered and will constitute a
valid and binding obligation of the Company or QDI LLC, as applicable, and each
of the Guarantors, enforceable against the Company or QDI LLC, as applicable,
and each of the Guarantors in accordance with its terms, except that (i) the
enforcement thereof may be subject to (1) bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium or other similar laws now or hereafter in
effect relating to creditors' rights generally, (2) general principles of equity
and the discretion of the court before which any proceeding therefor may be
brought (regardless of whether such enforcement is considered in a proceeding in
equity or at law) and (3) public policy considerations and (ii) any rights to
indemnity or contribution thereunder may be limited by federal and state
securities laws and public policy considerations.

                     (d) No Integration, General Solicitation or Advertising.
Subject to the accuracy of the Management Persons' representations and
warranties contained in Section 3 hereof, none of the Company or any of the
Guarantors or any of their respective Affiliates (as defined in Rule 501(b) of
Regulation D under the Securities Act) has directly, or through any agent (other
than the Dealer Manager for the Debt/Equity Exchange), (i) sold, offered for
sale, solicited offers to buy or otherwise negotiated in respect of any
"security" (as defined in the Securities Act) that is or could be integrated
with the sale of the Management Group Debt/Equity Securities or the Management
Group 10% Senior Secured Notes, as applicable, in a manner that would require
the registration under the Securities Act of the Management Group Debt/Equity
Securities or the Management Group 10% Senior Secured Notes, as applicable, or
(ii) engaged in any form of general solicitation or general advertising (as
those terms are used in Regulation D under the Securities Act) in connection
with the offering of the Management Group Debt/Equity Securities or the
Management Group 10% Senior Secured Notes, as applicable, or in any manner
involving a public offering within the meaning of Section 4(2) of the Securities
Act.

                     (e) Exempt Offering. Assuming the accuracy of the
Management Persons' representations and warranties contained in Section 3
hereof, it is not necessary in connection with the offer, exchange and delivery
of the Management Group Debt/Equity Securities or Management Group 10% Senior
Secured Notes, as applicable, in the manner contemplated by this Agreement and
the Offering Memorandum to register any of the Management Group Debt/Equity
Securities or Management Group 10% Senior Secured Notes, as applicable, under
the Securities Act or to qualify the New Note Indenture or 10% Senior Secured
Note Indenture under the Trust Indenture Act of 1939, as amended.

                     (f) Brokers. Except as contemplated by the Dealer Manager
Agreement to be entered into between the Company and Deutsche Bank Securities
Inc., the Company has not paid or agreed to pay to any person any compensation
for (i) soliciting another to purchase any of the Company's securities or (ii)
the solicitation of tenders or Consents (as defined in the Offering Memorandum)
by holders of the Old Notes pursuant to the Debt/Equity Exchange or the
Management Group Senior Note Exchange.

                                       11

<PAGE>

                     (g) Compliance with Other Instruments. The consummation of
the transactions contemplated in this Agreement will not conflict with or
constitute or result in a breach or violation of, or result in the creation or
imposition of a lien, charge or encumbrance on any property or assets of the
Company or any Guarantor (other than as created pursuant to the New Note
Indenture or the 10% Senior Secured Note Indenture, as applicable, the Credit
Agreement or the Security Documents) under the terms or provisions of, or
constitute a default by the Company or any of the Guarantors under (i) any
indenture, mortgage, deed of trust, loan agreement, note, lease, license,
franchise agreement, permit, certificate, contract or other agreement or
instrument to which the Company or any of the Guarantors is a party or to which
the Company or any of the Guarantors is subject, which conflict, breach,
violation or default would have a Material Adverse Effect, (ii) the certificate
of incorporation or bylaws (or similar organizational documents) of the Company
or any of the Guarantors or (iii) any statute, judgment, decree, order, rule or
regulation of any court or governmental agency or other body applicable to the
Company or any of the Guarantors or any of their respective properties, which
conflict, breach, violation or default, individually or in the aggregate, would
have a Material Adverse Effect.

                     (h) No Consents. No material permit, authorization, order,
consent or approval of or by, or any material notification of or filing with,
any person (governmental or private) is required in connection with the
execution, delivery and performance by the Company of this Agreement or the
consummation by the Company and the Guarantors of the transactions contemplated
hereby, except (i) such as have been obtained on or prior to the Closing Date,
(ii) such as may be required under the Securities Act, the Exchange Act, state
securities or "Blue Sky" laws in connection with the exchange of the Management
Group Debt/Equity Securities or the Management Group 10% Senior Secured Notes,
as applicable, (iii) such as may be required under the Registration Rights
Agreement and (iv) such filings and recordings with governmental authorities as
may be required to perfect liens under the Security Documents.

                     (i) None of the Company or any of the Guarantors is now or,
after giving effect to the offering and issuance of the Management Group
Debt/Equity Securities or the Management Group 10% Senior Secured Notes, as
applicable, and the cancellation of the Management Group Old Notes accepted in
the Management Group Debt/Equity Exchange or the Management Group Senior Note
Exchange and the consummation of the other transactions contemplated by the
Offering Memorandum, will be an "investment company" or a company "controlled
by" an "investment company" within the meaning of the Investment Company Act of
1940, as amended.

                     (j) As of the date hereof and as of the Closing Date, the
Offering Memorandum does not and will not contain any untrue statement of a
material fact or omit to state a material fact necessary in order to make the
statements made therein, in the light of the circumstances under which they are
made, not misleading, except that the Company makes no representation or
warranty with respect to any statement contained in, or any matter omitted from,
the Offering Memorandum relating to the Management Persons in reliance upon
information furnished by the Management Persons.

                                       12

<PAGE>

                     (k) The Company's authorized equity capitalization is as
set forth in the Offering Memorandum, and the capital stock of the Company
conforms in all material respects to the description thereof contained in the
Offering Memorandum.

                     (l) The audited consolidated financial statements and
related notes of the Company and its consolidated subsidiaries incorporated by
reference in the Offering Memorandum present fairly, in all material respects,
the consolidated financial position, results of operations and cash flows of the
Company and its consolidated subsidiaries at the dates and for the periods to
which they relate and have been prepared in accordance with generally accepted
accounting principles applied on a consistent basis; and PricewaterhouseCoopers
LLP, which has audited the consolidated financial statements as set forth in its
reports incorporated by reference in the Offering Memorandum, is an independent
public accountant with respect to the Company under Rule 101 of the Code of
Professional Conduct of the American Institute of Certified Public Accountants,
and its rulings and interpretations.

       5.     Conditions of the Company's Obligations. The obligation of the
Company to consummate the transactions contemplated herein at the Closing is
subject to the fulfillment of each of the following conditions before or
simultaneously with the Closing, any of which may be waived in whole or in part
by the Company:

                     (a)    Continued Accuracy of the Management Persons'
Representations and Warranties. The representations and warranties of the
Management Persons contained in Section 3 hereof shall be true and correct on
and as of the Closing Date with the same effect as though such representations
and warranties had been made on and as of the Closing Date (except to the extent
expressly made as of an earlier date, in which case as of such earlier date).

                     (b)    Performance of Covenants. The covenants of the
Management Group contained herein shall have been performed.

        6.    Registration Rights.

                     The Management Persons will have such registration rights
(a) with respect to the Management Group 10% Senior Secured Notes, as set forth
in the Registration Rights Agreement or (b) with respect to the Management Group
New Notes, as set forth in the Registration Rights Agreement.

        7.    Legends.

                     (a) Until a registration statement covering the Management
Group 10% Senior Secured Notes, the Management Group Debt/Equity Securities
(including the Common Stock issuable upon exercise of the Management Group
Warrants comprising such Management Group Debt/Equity Securities), or the 13.75%
Preferred Stock, if any, is declared effective, all certificates representing
such securities which were issued in exchange for the Management Group Old Notes
hereunder shall bear substantially the following legend:

                     THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES
                     ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD OR OFFERED FOR
                     SALE UNLESS REGISTERED UNDER SAID ACT AND ANY

                                       13

<PAGE>

                     APPLICABLE STATE SECURITIES LAWS OR UNLESS AN EXEMPTION
                     FROM SUCH REGISTRATION IS AVAILABLE OR UPON DELIVERY OF AN
                     OPINION OF COUNSEL OR OTHER EVIDENCE REASONABLY
                     SATISFACTORY TO QUALITY DISTRIBUTION, INC. THAT SUCH
                     REGISTRATION IS NOT REQUIRED.

                     (b) In addition to the legend set forth in Section 7(a)
hereof, the Management Group 10% Senior Secured Notes, the Management Group New
Notes and the Management Group Warrants (including the Common Stock issuable
upon exercise of the Management Group Warrants comprising such Management Group
Debt/Equity Securities), if any, shall also bear substantially the following
legend:

                     THIS SECURITY IS ALSO SUBJECT TO, AND HAS THE BENEFIT OF, A
                     REGISTRATION RIGHTS AGREEMENT DATED AS OF [______] [__],
                     2002 BETWEEN THE HOLDER AND QUALITY DISTRIBUTION,
                     [INC.][LLC], COPIES OF WHICH ARE ON FILE WITH QUALITY
                     DISTRIBUTION, [INC.][LLC].

                     (c) In addition to the legend set forth in Section 7(a) and
Section 7(b) hereof, the Management Group 10% Senior Secured Notes, the
Management Group New Notes, the Management Group Junior PIK Notes, the 13.75%
Preferred Stock and the Management Group Warrants (including the Common Stock
issuable upon exercise of the Management Group Warrants comprising such
Management Group Debt/Equity Securities), if any, shall also bear any legend
required to be placed thereon by DTC or any applicable state corporation,
commercial or securities law.

       8.     Survival of Representations, Warranties and Agreements. None of
the representations, warranties and covenants contained in this Agreement or in
any instrument delivered pursuant to this Agreement shall survive the Closing.

       9.     Termination; Effect of Termination.

                     (a) Termination. Notwithstanding anything in this Agreement
to the contrary:

                            (i)  this Agreement and the transactions
       contemplated herein shall automatically terminate upon termination of the
       Apollo Lock-Up Agreement; or

                            (ii) this Agreement and the transactions
       contemplated herein may, by written notice given at any time prior to the
       Closing, be terminated by any Management Person, if the Company has
       amended the terms of the Offering Memorandum as in effect as of the date
       hereof in a manner that materially adversely affects the value of the
       Management Group Debt/Equity Securities, the Management Group 10% Senior
       Secured Notes or the 13.75% Preferred Stock to be received by the
       Management Group pursuant to the terms of this Agreement.

                     (b) Effect of Termination. In the event of the termination
and abandonment of this Agreement pursuant to Section 9(a) of this Agreement,
this Agreement (other than Section 10(b) (Expenses), Section 10(c) (Notices),
Section 10(d) (Confidentiality), Section 10(h) (Choice of

                                       14

<PAGE>

Law), Section 10(k) (Jurisdiction) and Section 10(m) (Waiver of Jury Trial)
which shall remain in full force and effect) shall forthwith become null and
void and no party hereto (or any of their respective representatives) shall have
any liability or further obligation to any other party hereto, except as
provided in this Section 9(b); provided, however, that if this Agreement is
terminated by a party because of the breach of this Agreement by the other party
or because one or more of the conditions to the terminating party's obligations
under this Agreement is not satisfied as a result of the other party's failure
to fully comply with its obligations under this Agreement, the terminating
party's rights to pursue all legal remedies will survive such termination
unimpaired.

       10.    Miscellaneous.

                     (a) Amendment. This Agreement and any provision hereof may
only be changed, waived, discharged or terminated upon the written consent of
each of the parties hereto; provided, however, that if the number, composition
or terms of the Debt/Equity Securities offered on the date hereof in the
Debt/Equity Exchange are revised, then the number of Management Group
Debt/Equity Securities to be delivered to the Management Persons pursuant to
Schedule I attached hereto shall be deemed to be automatically amended to
reflect such change(s), without any action by the parties hereto.

                     (b) Expenses. Whether or not the transactions contemplated
hereby are consummated, each of the Company and the Management Group shall pay
their own expenses incurred in connection with the transactions contemplated
hereby.

                     (c) Notices. All notices and other communications provided
for or permitted hereunder shall be made in writing by hand-delivery, registered
first-class mail, next-day air courier, telex, facsimile, telecopier, or similar
writing:

                            (i)  if to a Management Person, to the attention of
       such Management Person at the Company's address set forth in (ii) below.

                            (ii) if to the Company, to:

                                 Quality Distribution, Inc.
                                 3802 Corporex Park Drive
                                 Tampa, Florida 33619
                                 Attention:Chief Executive Officer and President
                                 Telephone:(800) 282-2031
                                 Facsimile:(813) 630-9637

                                 with a copy to:

                                 O'Sullivan LLP
                                 30 Rockefeller Plaza
                                 New York, New York 10112
                                 Attention: Stewart A. Kagan
                                 Telephone: (212) 408-2442

                                       15

<PAGE>

                                Facsimile:  (212) 408-2420

                            (iii)All such notices and communications shall be
       deemed to have been duly given: (A) when delivered by hand, if personally
       delivered; (B) five (5) business days after being deposited in the mail,
       postage prepaid, if mailed; (C) one (1) business day after being timely
       dispatched postage prepaid, if by same-day or next-day courier; (D) when
       answered back, if telexed; (E) when receipt acknowledged, if sent by
       facsimile transmission and (F) if given by any other means, when
       delivered at the addresses referred to in this Section 10(c). Any of the
       above addresses may be changed by notice made in accordance with this
       Section 10(c).

                     (d) Confidentiality. Notwithstanding anything herein to the
contrary, each Management Person shall, and shall cause his respective
representatives to, maintain in confidence and not use to the detriment of the
Company any written, oral or other information relating to the Company or to the
business of the Company obtained from the Company or any of its representatives,
except to the extent (i) any such information is or becomes generally available
to the public other than as a result of disclosure by any of the Management
Persons or any of their respective representatives, (ii) any such information is
required to be disclosed by a court or governmental entity of competent
jurisdiction or (iii) that use of such information is necessary or appropriate
in making any filing or obtaining any consent or approval required for the
consummation of the transactions contemplated herein, and each Management Person
shall instruct his representatives having access to such information of such
obligation of confidentiality.

                     (e) Best Efforts. Notwithstanding anything herein to the
contrary, each Management Person shall use his best efforts to perform his
obligations under this Agreement, including without limitation his best efforts
to prevent the consummation of the transactions contemplated hereby from
conflicting with the terms and conditions of the Promissory Note issued by such
Management Investor to LaSalle Bank National Association (and corresponding
Consumer Pledge and Security Agreement), if any.

                     (f) Parties in Interest. All the terms and provisions of
this Agreement shall be binding upon and inure to the benefit of and be
enforceable by the respective successors and assigns of the parties hereto,
whether so expressed or not.

                     (g) Headings. The headings of the sections and paragraphs
of this Agreement have been inserted for convenience of reference only and do
not constitute a part of this Agreement.

                     (h) Choice of Law. The internal laws of the State of New
York shall govern the enforceability and validity of this Agreement, the
construction of its terms and the interpretation of the rights and duties of the
parties hereto without giving effect to conflicts of laws, rules or principles.

                     (i) Entire Agreement. This Agreement, the Apollo Lock-Up
Agreement, the Ares Lock-Up Agreement, and the Offering Memorandum (including
the exhibits and schedules attached to each such document) contain the entire
agreement among the parties hereto with respect to the subject matter hereof and
supersede and replace all other prior agreements, written

                                       16

<PAGE>

or oral, among the parties hereto with respect to the subject matter hereof,
including, without limitation, that certain Commitment Letter, dated as of
January 29, 2002 between the Ares Entities and the Company.

                     (j) Counterparts. This Agreement may be executed in any
number of counterparts and by different parties hereto in separate counterparts,
with the same effect as if all parties had signed the same document. All such
counterparts shall be deemed an original, shall be construed together and shall
constitute one and the same instrument. This Agreement shall become effective
when each party hereto shall have received a counterpart hereof signed by the
other party hereto.

                     (k) Jurisdiction. Any suit, action or proceeding seeking to
enforce any provision of, or based on any matter arising out of or in connection
with, this Agreement or the transactions contemplated hereby may be brought in
any federal or state court located in the State of New York, and each of the
parties hereby consents to the jurisdiction of such courts (and of the
appropriate appellate courts therefrom) in any such suit, action or proceeding
and irrevocably waives, to the fullest extent permitted by law, any objection
which it may now or hereafter have to the laying of the venue of any such suit,
action or proceeding in any such court or that any such suit, action or
proceeding which is brought in any such court has been brought in an
inconvenient forum. Process in any such suit, action or proceeding may be served
on any party anywhere in the world, whether within or without the jurisdiction
of any such court. Without limiting the foregoing, each party agrees that
service of process on such party as provided in Section 10(c) hereof shall be
deemed effective service of process on such party.

                     (l) No Implied Waiver. No failure or delay by any party in
exercising any right, power or privilege hereunder shall operate as a waiver
thereof nor shall any single or partial exercise thereof preclude any other or
further exercise thereof or the exercise of any other right, power or privilege.
The rights and remedies herein provided shall be cumulative and not exclusive of
any rights or remedies provided by law.

                     (m) Waiver of Jury Trial. EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY.

                     (n) Severability. If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction or
other authority to be invalid, void or unenforceable, the remainder of the
terms, provisions, covenants and restrictions of this Agreement shall remain in
full force and effect and shall in no way be affected, impaired or invalidated
so long as the economic or legal substance of the transactions contemplated
hereby is not affected in any manner materially adverse to any party. Upon such
a determination, the parties shall negotiate in good faith to modify this
Agreement so as to effect the original intent of the parties as closely as
possible in an acceptable manner in order that the transactions contemplated
hereby be consummated as originally contemplated to the fullest extent possible.

                                    * * * * *

                                       17

<PAGE>

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

                            QUALITY DISTRIBUTION, INC.

                            By:/s/ Thomas L. Finkbiner
                               Name: Thomas L. Finkbiner
                               Title: President and Chief Executive Officer

                            MANAGEMENT PERSONS

                            /s/ Thomas L. Finkbiner
                            ----------------------------------------------
                            Thomas L. Finkbiner

                            /s/ Michael A. Grimm
                            ----------------------------------------------
                            Michael A. Grimm

                            /s/ Dennis R. Farnsworth
                            ----------------------------------------------
                            Dennis R. Farnsworth

                            /s/ Keith J. Margelowsky
                            ----------------------------------------------
                            Keith J. Margelowsky

                            /s/ Denny R. Copeland
                            ----------------------------------------------
                            Denny R. Copeland

                            /s/ Douglas B. Allen
                            ----------------------------------------------
                            Douglas B. Allen

<PAGE>

                                   SCHEDULE I

                      MANAGEMENT GROUP DEBT/EQUITY EXCHANGE

<TABLE>
<CAPTION>
                               Management Debt/Equity Securities to be Received (2)           Aggregate Principal Amount of
                                                                                                Management Group Old Notes
                                                                                                  To Be Surrendered (3)
                            ---------------------------------------------------------------- --------------------------------
Management Person (1)         Aggregate Principal        Aggregate Principal   Number of            Fixed          FIRSTS
----------------------        Amount of New Notes             Amount of          Warrants         Rate Notes
                                                          Junior PIK Notes
                            ------------------------  ----------------------  --------------   --------------- --------------
<S>                         <C>                       <C>                     <C>              <C>             <C>
Thomas L. Finkbiner                         $325,000                $ 75,000             795                       $   500,000

Michael A. Grimm                            $ 65,000                $ 15,000             159                       $   100,000

Dennis R. Farnsworth                        $ 65,000                $ 15,000             159                       $   100,000

Keith J. Margelowsky                        $ 65,000                $ 15,000             159                       $   100,000

Denny R. Copeland                           $ 65,000                $ 15,000             159                       $   100,000

Douglas B. Allen                            $ 65,000                $ 15,000             159                       $   100,000

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

Total                                       $650,000                $150,000           1,590                       $ 1,000,000
                           =========================  -=====================  ==============   =============== ===============
</TABLE>

<PAGE>

                                   SCHEDULE II
                        MANAGEMENT GROUP JUNIOR EXCHANGE

<TABLE>
<CAPTION>
                                                            Aggregate Principal Amount of
                                                             Management Group Old Notes
                                                                To Be Surrendered (3)
                                                          -----------------------------------
Management Person (1)               Number of Shares          Fixed              FIRSTS
----------------------                 of 13.75%           Rate Notes
                                  Preferred Stock (2)
                                 ----------------------   ---------------- ------------------
<S>                              <C>                      <C>              <C>
Thomas L. Finkbiner                               5,000                            $  500,000

Michael A. Grimm                                  1,000                            $  100,000

Dennis R. Farnsworth                              1,000                            $  100,000

Keith J. Margelowsky                              1,000                            $  100,000

Denny R. Copeland                                 1,000                            $  100,000

Douglas B. Allen                                  1,000                            $  100,000

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

Total                                            10,000                            $1,000,000
                                 ======================   ================ ==================
</TABLE>

<PAGE>

                                  SCHEDULE III
                      MANAGEMENT GROUP SENIOR NOTE EXCHANGE

<TABLE>
<CAPTION>
                                                                Aggregate Principal Amount of
                                                                  Management Group Old Notes
                                                                    To Be Surrendered (3)
                                                              -----------------------------------
Management Person (1)                                              Fixed             FIRSTS
-----------------------               Aggregate Principal       Rate Notes
                                     Amount of 10% Senior
                                       Secured Notes (2)
                                   -------------------------  --------------- -------------------
<S>                                <C>                        <C>             <C>
Thomas L. Finkbiner                               $  500,000                           $  500,000

Michael A. Grimm                                  $  100,000                           $  100,000

Dennis R. Farnsworth                              $  100,000                           $  100,000

Keith J. Margelowsky                              $  100,000                           $  100,000

Denny R. Copeland                                 $  100,000                           $  100,000

Douglas B. Allen                                  $  100,000                           $  100,000

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

Total                                             $1,000,000                           $1,000,000
                                   =========================  =============== ===================
</TABLE><PAGE>

                                                                     EXHIBIT 4.2

                              FORM OF NEW DEBENTURE

                           (FORM OF FACE OF DEBENTURE)

[If Debenture is a Global Debenture, insert the following:

EXCEPT AS OTHERWISE PROVIDED IN SECTION 2.11 OF THE INDENTURE, THIS GLOBAL
DEBENTURE MAY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY TO ANOTHER NOMINEE
OF THE DEPOSITORY OR TO A SUCCESSOR DEPOSITORY OR TO A NOMINEE OF SUCH SUCCESSOR
DEPOSITORY.]

[If The Depository Trust Company is the Depository, insert the following: Unless
this certificate is presented by an authorized representative of The Depository
Trust Company, a New York corporation ("DTC"), to the Company or its agent for
registration of transfer, exchange, or payment, and any certificate issued is
registered in the name of DTC (and any payment is made to Cede & Co. or to such
other entity as is requested by an authorized representative of DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest
herein.]

No. _____________

          $_____________

                              Verizon Florida Inc.
                      ____% Debentures, Series _, Due ____

Verizon Florida Inc., a corporation duly organized and existing under the laws
of the State of Florida (herein referred to as the "Company"), for value
received, hereby promises to pay to _______________ or registered assigns, the
principal sum of __________________ Dollars on __________________ and to pay
interest on said principal sum from __________________, or from the most recent
interest payment date to which interest has been paid or duly provided for,
semi-annually on _________ and ____________ in each year, commencing
____________, at the rate of _____% per annum until the principal hereof shall
have become due and payable, and on any overdue principal and (to the extent
that payment of such interest is enforceable under applicable law) on any
overdue installment of interest at the same rate per annum. The interest
installment so payable, and punctually paid or duly provided for, on any
interest payment date will, as provided in the Indenture hereinafter referred
to, be paid to the person in whose name this Debenture (or one or more
Predecessor Securities, as defined in said Indenture) is registered at the close
of business on the regular record date for such interest installment, which
shall be the __________ or __________, as the case may be (whether or not a
business day), next preceding such interest payment date. Any such interest
installment not so punctually paid or duly provided for shall forthwith cease to
be payable to the registered holder on such regular record date, and may be paid
to the person in whose name this Debenture (or one or more Predecessor
Securities)

<PAGE>

is registered at the close of business on a special record date to be fixed by
the Trustee for the payment of such defaulted interest, notice whereof shall be
given to the registered holders of this series of Debentures not less than 10
days prior to such special record date, or may be paid at any time in any other
lawful manner not inconsistent with the requirements of any securities exchange
on which the Debentures may be listed, and upon such notice as may be required
by such exchange, all as more fully provided in the Indenture hereinafter
referred to. The principal of and the interest on this Debenture shall be
payable at the office or agency of the Company maintained for that purpose in
the City of New York, State of New York in any coin or currency of the United
States of America which at the time of payment is legal tender for payment of
public and private debts; provided, however, that payment of interest may be
made at the option of the Company by check mailed to the registered holder at
such address as shall appear in the Security Register. This Debenture shall not
be entitled to any benefit under the Indenture hereinafter referred to, or be
valid or become obligatory for any purpose, until the Certificate of
Authentication hereon shall have been signed by or on behalf of the Trustee.

The provisions of this Debenture are continued on the reverse side hereof and
such continued provisions shall for all purposes have the same effect as though
fully set forth at this place.

                                      - 2 -

<PAGE>

IN WITNESS WHEREOF, the Company has caused this instrument to be executed.

Dated: _________                                      VERIZON FLORIDA INC.

[Seal]                                                By _______________________

Attest:

By __________________________

                                      - 3 -

<PAGE>

                     (FORM OF CERTIFICATE OF AUTHENTICATION)

                          CERTIFICATE OF AUTHENTICATION

This is one of the Securities of the series designated herein referred to in the
within-mentioned Indenture.

                              The Bank of New York
                      as Trustee, Authenticating Agent and
                               Security Registrar

                          By __________________________
                              Authorized Signatory

                                      - 4 -

<PAGE>

                         (FORM OF REVERSE OF DEBENTURE)

This Debenture is one of a duly authorized series of Securities of the Company
(herein sometimes referred to as the "Securities"), all issued or to be issued
in one or more series under and pursuant to an Indenture dated as of November 1,
1993, as amended and supplemented by the First Supplemental Indenture dated as
of January 1, 1998, duly executed and delivered between the Company and The Bank
of New York, as successor trustee to NationsBank of Georgia, a banking
corporation duly organized and existing under the laws of the State of New York
(hereinafter referred to as the "Trustee") (the "Indenture"), to which Indenture
reference is hereby made for a description of the rights, limitation of rights,
obligations, duties and immunities thereunder of the Trustee, the Company and
the holders of the Securities. By the terms of the Indenture, the Securities are
issuable in series which may vary as to amount, date of maturity, rate of
interest and in other respects as in the Indenture provided. This Debenture is
one of the series designated on the face hereof (herein called the "Debentures")
unlimited in aggregate principal amount.

[INSERT IF GLOBAL DEBENTURE - This Global Debenture shall be exchangeable for
Debentures in definitive form registered in the names of persons other than the
Depository or its nominee only if (i) the Depository notifies the Company that
it is unwilling or unable to continue as the Depository or if at any time such
Depository is no longer registered or in good standing under the Securities
Exchange Act of 1934 or other applicable statute and a successor depository is
not appointed by the Company within 90 days or (ii) the Company executes and
delivers to the Trustee an Officers' Certificate that the Global Debenture shall
be so exchangeable. To the extent that the Global Debenture is exchangeable
pursuant to the preceding sentence, it shall be exchangeable for Debentures
registered in such names as the Depository shall direct. Notwithstanding any
other provision herein, this Global Debenture may not be transferred except as a
whole by the Depository to a nominee of such Depository or by a nominee of such
Depository to such Depository or another nominee of such Depository.]

In case an Event of Default, as defined in the Indenture, with respect to the
Debentures shall have occurred and be continuing, the principal of all of the
Debentures may be declared, and upon such declaration shall become, due and
payable, in the manner, with the effect and subject to the conditions provided
in the Indenture.

The Indenture contains provisions permitting the Company and the Trustee, with
the consent of the holders of not less than a majority in aggregate principal
amount of the Securities of each series affected at the time outstanding, as
defined in the Indenture, to execute supplemental indentures for the purpose of
adding any provisions to or changing in any manner or eliminating any of the
provisions of the Indenture or of any supplemental indenture or of modifying in
any manner the rights of the holders of the Securities; provided, however, that
no such supplemental indenture shall (i) extend the fixed maturity of any
Securities of any series, or reduce the principal amount thereof, or reduce the
rate or extend the time of payment of interest thereon, or reduce any premium
payable upon the redemption thereof, without the consent of the holder of each
Security so affected or (ii) reduce the aforesaid percentage of Securities, the
holders of

                                      - 5 -

<PAGE>

which are required to consent to any such supplemental indenture, without the
consent of the holders of each Security then outstanding and affected thereby.
The Indenture also contains provisions permitting the holders of a majority in
aggregate principal amount of the Securities of any series at the time
outstanding, on behalf of the holders of Securities of such series, to waive any
past default in the performance of any of the covenants contained in the
Indenture, or established pursuant to the Indenture with respect to such series,
and its consequences, except a default in the payment of the principal of, or
premium, if any, or interest on any of the Securities of such series. Any such
consent or waiver by the registered holder of this Debenture (unless revoked as
provided in the Indenture) shall be conclusive and binding upon such holder and
upon all future holders and owners of this Debenture and of any Debenture issued
in exchange herefor or in place hereof (whether by registration of transfer or
otherwise), irrespective of whether or not any notation of such consent or
waiver is made upon this Debenture.

No reference herein to the Indenture and no provision of this Debenture or of
the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of and interest on this
Debenture at the times and place and at the rate and in the money herein
prescribed.

The Debentures are issuable as registered Debentures without coupons in
denominations of $1,000 or any integral multiple thereof. Debentures may be
exchanged, upon presentation thereof for that purpose, at the office or agency
of the Company in the City of New York, State of New York, for other Debentures
of authorized denominations, and for a like aggregate principal amount and
series, and upon payment of a sum sufficient to cover any tax or other
governmental charge in relation thereto.

[The Debentures will not be redeemable prior to maturity.]

                                       OR

[The Debentures may not be redeemed prior to _________. The Debentures may be
redeemed on not less than 30 nor more than 60 days prior notice given as
provided in the Indenture, as a whole or from time to time in part, at the
option of the Company, on any date or dates on or after _________, and prior to
maturity, at the applicable percentage of the principal amount thereof to be
redeemed as set forth below under the heading "Redemption Price" during the
respective twelve month periods beginning ____ of the years shown below:

                              Year Redemption Price
                              ---- ----------------
                                          %

together, in each case, with accrued interest to the date fixed for redemption
(but if the date fixed for redemption is an interest payment date, the interest
installment payable on such date shall be payable to the registered holder at
the close of business on the applicable record date).

In the event of redemption of this Debenture in part only, a new Debenture of
like tenor for the unredeemed portion hereof and otherwise having the same terms
as this Debenture shall be issued in the name of the holder hereof upon the
presentation and surrender hereof.]

                                      - 6 -

<PAGE>

                                       OR

[The Debentures may be redeemed on not less than 30 nor more than 60 days' prior
notice given as provided in the indenture, as a whole or from time to time in
part, at the option of the Company, at a redemption price equal to the greater
of (i) 100% of the principal amount thereof and (ii) the sum of the present
values of the remaining scheduled payments of principal and interest thereon
discounted to the date of redemption on a semi-annual basis (assuming a 360-day
year consisting of twelve 30-day months) at the Treasury Rate plus ___ basis
points, plus, in either case, accrued and unpaid interest on the principal
amount being redeemed to such redemption date.

"Treasury Rate" means, with respect to any redemption date, (i) the yield, under
the heading which represents the average for the immediately preceding week,
appearing in the most recently published statistical release published by the
Board of Governors of the Federal Reserve System designated as "Statistical
Release H.15(519)" or any successor publication which is published weekly by the
Board of Governors of the Federal Reserve System and which establishes yields on
actively traded United States Treasury securities adjusted to constant maturity
under the caption "Treasury Constant Maturities," for the maturity corresponding
to the Comparable Treasury Issue (if no maturity within three months before or
after the Remaining Life, yields for the two published maturities most closely
corresponding to the Comparable Treasury Issue shall be determined and the
Treasury Rate shall be interpolated or extrapolated from such yield on a
straight-line basis, rounding to the nearest month) or (ii) if such release (or
any successor release) is not published during the week preceding the
calculation date or does not contain such yields, the rate per annum equal to
the semi-annual equivalent yield to maturity of the Comparable Treasury Issue,
calculated using a price for the Comparable Treasury Issue (expressed as a
percentage of its principal amount) equal to the Comparable Treasury Price for
such redemption date. The Treasury Rate shall be calculated on the third
Business Day preceding the redemption date.

"Business Day" means any calendar day that is not a Saturday, Sunday or legal
holiday in New York, New York and on which commercial banks are open for
business in New York, New York.

"Comparable Treasury Issue" means the United States Treasury security selected
by an Independent Investment Banker as having a maturity comparable to the
remaining term ("Remaining Life") of the Debentures to be redeemed that would be
utilized, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of comparable
maturity to the remaining term of such Debentures.

"Comparable Treasury Price" means (i) the average of three Reference Treasury
Dealer Quotations for such redemption date, or (ii) if the Independent
Investment Banker is unable to obtain three such Reference Treasury Dealer
Quotations, the average of all such quotations obtained.

"Independent Investment Banker" means an independent investment banking or
commercial banking institution of national standing appointed by the Company.

                                      - 7 -

<PAGE>

"Reference Treasury Dealer" means any independent investment banking or
commercial banking institution of national standing and their respective
successors appointed by the Company, provided, however, that if any of the
foregoing shall cease to be a primary U.S. Government securities dealer in The
City of New York (a "Primary Treasury Dealer"), the Company shall substitute
therefor another Primary Treasury Dealer and (ii) any other Primary Treasury
Dealer selected by the Independent Investment Banker and approved in writing by
the Company.

"Reference Treasury Dealer Quotations" means, with respect to each Reference
Treasury Dealer and any redemption date, the average, as determined by the
Independent Investment Banker, of the bid and asked prices for the Comparable
Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Independent Investment Banker at 3:30 p.m., New York
City time, on the third Business Day preceding such redemption date.]

As provided in the Indenture and subject to certain limitations therein set
forth, this Debenture is transferable by the registered holder hereof on the
Security Register of the Company, upon surrender of this Debenture for
registration of transfer at the office or agency of the Company in the City of
New York, State of New York accompanied by a written instrument or instruments
of transfer in form satisfactory to the Company or the Security Registrar duly
executed by the registered holder hereof or his attorney duly authorized in
writing, and thereupon one or more new Debentures of authorized denominations
and for the same aggregate principal amount and series will be issued to the
designated transferee or transferees. No service charge will be made for any
such transfer, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in relation thereto.

Prior to due presentment for registration of transfer of this Debenture the
Company, the Trustee, any paying agent and any Security Registrar for the
securities may deem and treat the registered holder hereof as the absolute owner
hereof (whether or not this Debenture shall be overdue and notwithstanding any
notice of ownership or writing hereon made by anyone other than the Security
Registrar for the securities) for the purpose of receiving payment of or on
account of the principal hereof and (subject to Section 2.05 of the Indenture)
interest due hereon and for all other purposes, and neither the Company nor the
Trustee nor any paying agent nor any Security Registrar for the securities shall
be affected by any notice to the contrary.

No recourse shall be had for the payment of the principal of or the interest on
this Debenture, or for any claim based hereon, or otherwise in respect hereof,
or based on or in respect of the Indenture, against any incorporator,
stockholder, officer or director, past, present or future, as such, of the
Company or of any predecessor or successor corporation, whether by virtue of any
constitution, statute or rule of law, or by the enforcement of any assessment or
penalty or otherwise, all such liability being, by the acceptance hereof and as
part of the consideration for the issuance hereof, expressly waived and
released.

[INSERT IF GLOBAL DEBENTURE - The Depository by acceptance of this Global
Debenture agrees that it will not sell, assign, transfer or otherwise convey any
beneficial interest in this Global Debenture unless such beneficial interest is
in an amount equal to an authorized denomination for Debentures of this series.]

                                      - 8 -

<PAGE>

Capitalized terms used herein and not otherwise defined herein shall have the
respective meanings set forth in the Indenture.

                                      - 9 -

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