Document:

Restated 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 

 

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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

  

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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

  

 4Loan and Security Agreement

 Exhibit 10.9 

LOAN AND SECURITY AGREEMENT 

This Loan and Security Agreement (this “Agreement”) is made on December 18, 2006, between FIFTH THIRD BANK, a
Michigan banking corporation, whose address is 1000 Town Center, Suite 1500, Southfield, Michigan 48075 (“Bank”), and LGSI EQUIPMENT OF INDIANA, LLC, an Indiana limited liability company (“LGSI Indiana”) and LGSI
EQUIPMENT, INC. OF WYOMING, a Wyoming corporation (“LGSI Wyoming”), whose addresses are 12225 Stephens, Warren, Michigan 48089 (collectively, “Borrower”). 

BACKGROUND: 

Borrower desires to borrow, from time to time, certain sums of money from Bank on the terms and conditions as hereinafter set forth. Bank
is willing to lend sums to Borrower, provided Borrower complies with all terms and conditions hereinafter set forth. 

AGREEMENT: 

1. DEFINITIONS: 

In this Agreement and in the Collateral Documents, the following words, phrases, and expressions shall have the respective meanings
attributed to them, to be equally applicable to both the singular and plural forms, unless the plural form is the term so defined. 

1.1 “Affiliate” means any individual, corporation, association, partnership or other entity which controls or is
controlled by or is under common control with the Borrower. For purposes of this definition, “control” (including the correlative meanings of the terms “controlled by” and “under common control with”) means possession
of the power to direct or cause the direction of the management and policies of the Borrower, or any other Person, through the direct or indirect ownership of a majority interest in voting securities. 

1.2 “Agreement” means this Loan and Security Agreement, and all amendments, modifications and extensions hereto,
and restatements thereof. 
 1.3 “Bank” means Fifth Third Bank, a Michigan banking corporation.

 1.4 “Borrower” means LGSI Equipment of Indiana, LLC, a Michigan limited liability company, and LGSI
Equipment, Inc. of Wyoming, a Wyoming corporation. 
 1.5 “Business Days” means a day on which the
commercial loan department of the Bank is open for normal commercial business transactions, and, whenever the Notes bear interest determined by reference to LIBOR, relative to any determination of the date the Notes are made or continued, or of the
date any required notice is to be given or LIBOR rate determination is to be made, a day on which dealings in U.S. dollar currency are carried on in the London interbank market. 

 1.6 “Collateral” means any and all now or hereafter existing
Eligible Equipment refinanced by, or purchased with, the proceeds of the Loan and all accessions, accessories, parts, attachments, additions, substitutions and replacements of any of the foregoing, used or intended for use in connection with any of
the foregoing, and further including all proceeds from any sale or other disposition thereof; provided, however, that Bank is not entitled to the proceeds of any item of Collateral for which Bank’s security interest has been released in
accordance with Section 5 of this Agreement. 
 1.7 “Collateral Documents” means any and all
documents, instruments, notes, agreements, purchase and sale agreements, and written memoranda, referred to in this Agreement or referred to in any of the foregoing, or executed in connection herewith or therewith, now or hereafter existing, and
specifically, but not by way of limitation, those documents identified in Section 6 hereof and the Acceptance Certificate (as defined in Section 9.5 below). 

1.8 “Consistent Basis” means, in reference to the application of GAAP, that the accounting principles observed in
the current period are comparable in all material respects to those applied in the preceding periods. 
 1.9
“Conversion Date” means the date the Equipment Loan converts to a term loan as provided in Section 4 of this Agreement. 

1.10 “Cure Period” means with respect to an Event of Default requiring a Notice of Default: 

(a) fifteen (15) Business Days following the Receipt Date of the Notice of Default with respect to a Monetary Event of Default; and

 (b) thirty (30) Business Days following the Receipt Date of the Notice of Default with respect to a Non-Monetary Event
of Default. 
 1.11 “Eligible Equipment” means Equipment that meets the following criteria: 

(a) Ownership: It is owned by Borrower free of all encumbrances and security interests, and are not subject to a vendor’s
purchase money security interest or Equipment held by Borrower on consignment; 
 (b) Other Financing: No financing
statement or other lien is on file, or on the Certificate of Title evidencing ownership of such Equipment, covering it or its products or proceeds, except in favor of Bank; 

(c) Documents: The ownership of such Equipment is, subject to Section 2.2 of this Agreement, evidenced by a Certificate of
Title, and Bank’s lien has been noted on such Certificate of Title, and such Certificate of Title (or the application therefor) has been recorded with the appropriate governmental agency issuing such Certificate of Title; provided,
however, that if the ownership of the Equipment is not customarily evidenced by a Certificate of Title (such as an item of Equipment that is a forklift), then Bank’s lien on such non-titled

  

 2 

 
Equipment shall be evidenced by a UCC-1 Financing Statement which Bank is authorized to file after review and approval by Borrower, which approval shall not be unreasonably withheld, delayed or
conditioned; 
 (d) Condition: It is in good condition and not purchased or held for sale; 

(e) Type: It is to be used and operated by Borrower in the conduct of its business; and 

(f) Security: Bank has a valid, enforceable, first, prior and perfected security interest and lien priority with respect thereto,
including all proceeds. Bank is not entitled to the proceeds of any item of Collateral for which Bank’s security interest has been released in accordance with Section 5 of this Agreement. 

1.12 “Eligible New Equipment” means: (i) Eligible Equipment which has been acquired by Borrower after the
date hereof, which has been delivered from the manufacturer thereof (or its selling agent) and has not been placed in service (as that term is used in the Internal Revenue Code of 1986, as amended) by any party; and (ii) Eligible Equipment that
has been purchased by Borrower no earlier than 180 days prior to the date hereof and that has been delivered from the manufacturer thereof (or its selling agent) and has not been placed in service (as that term is used in the Internal Revenue Code
of 1986, as amended) by any party other than Borrower, Borrower’s lessee or the manufacturer thereof (or its selling agent). 

1.13 “Eligible Used Equipment” means Eligible Equipment acquired by Borrower, whether prior to or after the date
hereof, which is not Eligible New Equipment. 
 1.14 “Environmental Laws” means all laws, regulations,
and rules of the United States of America, the States of Michigan, Indiana, Wyoming, or state of organization of any Subsidiary (as defined in Section 9.5 below) and local authorities which pertain to the environment, including but not limited
to, 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.) and Michigan Natural Resources
and Environmental Protection Act (MCL 324.101, et seq.) as each of said statutes have been or are hereafter amended, together with all rules and regulations promulgated by the Environmental Protection Agency and Michigan Departments of
Natural Resources and Environmental Quality, and all additional environmental laws, rules, and regulations in effect on the date of this Agreement and as may be enacted. 

1.15 “Equipment” means: (i) trucks, trailers, tractors and all equipment used for freight hauling or freight
handling, the ownership of which is evidenced by a Certificate of Title; and (ii) equipment used for freight hauling or freight handling, the ownership of which is not evidenced by a Certificate of Title, such as a forklift. 

1.16 “Equipment Loan Base” means the aggregate amount of Twenty-Five Million and 00/100 Dollars ($25,000,000.00).

  

 3 

 1.17 “Event of Default” means the occurrence of any event, act,
omission, breach, failure, violation or other non-observance or non-performance by Borrower of any covenant, condition, agreement, duty, provision, or undertaking under this Agreement or any other agreement or document executed in connection
herewith, including without limitation, any Note, which would constitute a Matured Event of Default after the greater of the following: (i) the lapse of time applicable thereto during which the same may be performed in accordance with the terms
of this Agreement or the Collateral Documents; or (ii) the giving of a required Notice of Default and failure to cure in full within the applicable Cure Period. 

1.18 “GAAP” means 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 which have other substantial authoritative support and are applicable in the circumstances as of the date of the report; provided, however, that with respect
to the calculation of the financial covenants under this Agreement, such calculations shall be substantially in accordance with applicable Interstate Commerce Commission regulations, but nevertheless to the extent possible, substantially consistent
with GAAP (as hereinabove defined). 
 1.19 “Indebtedness” means: 

(a) all indebtedness, obligations and liabilities of the Borrower under the Loan extended pursuant to this Agreement or in the Notes, of
whatsoever kind, nature and description, due or to become due, and whether now existing or hereafter arising and howsoever evidenced or acquired; 

(b) all present and future Money Advances made by Bank in connection with this Agreement or the Notes, and whether made at Bank’s
option or otherwise, and the Loans and all Notes now or hereafter executed or existing in connection herewith, and interest accrued thereon, from time to time; 

(c) all future advances made by Bank for the protection or preservation of Bank’s rights and interests in the Collateral, or
arising under this Agreement or the Collateral Documents, including, but not by way of limitation, advances for taxes, levies, assessments, insurance or maintenance of the Collateral, and reasonable attorneys fees on a time and charges basis;

 (d) all reasonable costs and expenses incurred by Bank in connection with or arising out of the protection, enforcement or
collection of any of the foregoing, including, without limitation, reasonable attorney fees on a time and charges basis; and 

(e) all costs and expenses incurred by Bank in connection with, or arising out of, the sale, disposition, liquidation or other
realization, including, but not limited to, the taking, retaking or holding, and all proceedings (judicial or otherwise) of the Collateral, including, without limitation, reasonable attorney fees on a time and charges basis. 

1.20 “Interest Period” means, with respect to any Fixed LIBOR Loan Segment (as defined in the Notes), the period
beginning on the Effective Date (as defined in the Notes) of that Fixed LIBOR Loan Segment and ending on the date 30 days after that date, except 

 

 4 

 
that each Interest Period that would otherwise end on a day that is not a Business Day shall end on the next succeeding Business Day or, if that next succeeding Business Day falls in the next
succeeding calendar month, on the next preceding Business Day. 
 1.21 “LIBOR” means the London
Interbank Offered Rate, determined for any Interest Period as the arithmetic mean, truncated to the nearest one one-hundredth of a percent, of interbank interest rates offered by major banks in the London, United Kingdom market at 11:00 a.m. London
Time, for U.S. dollar denominated deposits on deposit for a period of time equal to the Interest Period, as referenced and reported 2 Business Days prior to the Effective Date of that rate by one of the following sources, selected by Bank on an
availability basis in descending order of priority: (i) the Telerate System “Page 3750” report of such interest rates as determined by the British Bankers Association; (ii) the Telerate Systems “LIBOR Page” report of
such interest rates as determined by Reuter’s News Service; (iii) The Wall Street Journal report of that interest rate; or (iv) any other generally accepted authoritative source as Bank may reference. 

1.22 “Loan” or “Loans” means: (i) the Equipment Loan [as defined in Section 2.1 (a), below]
and any Money Advances made thereunder; (ii) the Term Loan (as defined below); and (iii) the Notes. 
 1.23
“Matured Event of Default” means any Event of Default which remains uncured in full after the later of: 

(a) the lapse of time applicable thereto during which the same may be performed in accordance with the terms of this Agreement or the
Collateral Documents; or 
 (b) the giving of a required Notice of Default and failure to cure in full within the applicable
Cure Period. 
 1.24 “Maturity Date” means the date and time when the entire remaining unpaid principal
balance of the amounts due under this Agreement or any Note is or becomes due and payable for any reason, including, but not limited to, acceleration under Section 12.1 of this Agreement and the occurrence of the Termination Date. 

1.25 “Monetary Event of Default” means any Event of Default which may be cured by the payment of money.

 1.26 “Money Advance” means a loan or disbursement of money by Bank, or any other advance of credit by
Bank, to or for the account of Borrower hereunder. 
 1.27 “Moroun Family Shareholders” means M.
J. Moroun and M. T. Moroun, or trusts for their benefit. 
 1.28 “Non-Monetary Event of Default” means
any Event of Default which may not be cured by the payment of money. 
 1.29 “Note” or “Notes”
means any note evidencing any Money Advance under the Loan, including any referred to in this Agreement or the Collateral Documents, now or 

 

 5 

 
hereafter executed by Borrower, including all renewals, extensions, amendments, modifications, restatements, roll-overs or substitutions thereof, from time to time, including, without limitation,
the Promissory Note of even date herewith in the original principal amount of $4,979,255.83 executed by LGSI Indiana and the Promissory Note of even date herewith in the original principal amount of $17,870,097.01 executed by LGSI Wyoming.

 1.30 “Notice of Default” means that written notice of an Event of Default required to be given by
Bank pursuant to Section 11. 
 1.31 “Person” means, by way of example but not by way of
limitation, an individual, partnership, limited partnership, corporation, limited liability company, trust, unincorporated organization, entity, government, governmental agency or governmental subdivision. 

1.32 “Plan” means an employee pension benefit plan or other plan with respect to which Borrower or any Affiliate
is an “employer” or “party in interest”, as those terms are defined in ERISA. 
 1.33 “Rate
Management Agreement” means any agreement, device or arrangement evidencing any Rate Management Transaction (as defined herein) and any other agreement, device or arrangement providing for payments which are related to fluctuations of
interest rates, exchange rates or forward rates, including, but not limited to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward
rate currency or interest rate options, puts and warrants, including without limitation any ISDA Master Agreement between the Borrower and the Bank [or any of its affiliates, including without limitation Fifth Third Bank, an Ohio banking
corporation], and any schedules, confirmations and documents and other confirming evidence between the parties confirming transactions thereunder, all whether now existing or hereafter arising, and in each case as amended, modified or supplemented
from time to time. 
 1.34 “Rate Management Transaction” means any transaction (including an agreement
with respect thereto) now existing or hereafter entered into between Borrower and Bank [or any of its affiliates, including without limitation Fifth Third Bank, an Ohio banking corporation] which is a rate swap transaction, basis swap, forward rate
transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, forward transaction,
currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of these transactions) or any combination thereof, whether linked to one or more interest
rates, foreign currencies, commodity prices, equity prices or other financial measures, or any other transaction which is governed by any ISDA Master Agreement between the Borrower and Bank [or any of its affiliates, including without limitation
Fifth Third Bank, an Ohio banking corporation]. 
 1.35 “Rate Management Obligation” means any and all
obligations of Borrower to Bank [or any of its affiliates, including without limitation Fifth Third Bank, an Ohio banking corporation], whether absolute, contingent or otherwise and howsoever, and whensoever

  

 6 

 
(whether now or hereafter) created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) under or in connection with
(i) any and all Rate Management Agreements, and (ii) any and all cancellations, buy-backs, reversals, terminations or assignments of any Rate Management Agreement. 

1.36 “Receipt Date” means, with respect to a notice sent under this Agreement, a Note or any Collateral Document:
(i) if notice is sent by facsimile or overnight mail, one business day after the day on which such facsimile or overnight mail delivery is sent; (ii) if a notice is sent by U.S. mail, 4 business days after which such notice is deposited in
the U.S. mail; and (iii) if a notice is sent by hand delivery, the day on which the notice is delivered to the recipient. 

1.37 “SWAP Rate” means the rate of interest pursuant to the Bank’s “SWAP” interest rate program as
of the date of the interest rate is fixed, subject to the terms of the Bank’s standard Rate Management Agreement to be signed by the Borrower and Bank (or a Bank affiliate) at or prior to the date the interest rate is fixed. 

1.38 “Term Loan First Payment Date” means the first day of the calendar month after the calendar month in which
the Conversion Date occurs. 
 1.39 “Termination Date” means the later of: (i) January 2,
2009; or (ii) date not to exceed the 59th calendar month after the month in which the Term Loan First Payment Date occurs. For example, if the Conversion Date is November 6, 2007, and Borrower elects a 60 month term, the Term Loan First
Payment Date is December 1, 2007, and the Termination Date is November 1, 2012. 
 1.40 “Title Holding
State” means any state in which Equipment is purchased for which Bank is required under state law to hold the original Certificate of Title in order to (a) have a valid, enforceable, first and perfected security interest in such
Equipment or (b) otherwise protect, enforce and/or preserve the security interest of Bank in such Equipment. 
 1.41
“Uniform Commercial Code” means Act 174 of the Michigan Public Acts 1962, as amended, and similar laws of the state of incorporation/organization of Borrower or any Subsidiary (as defined in Section 9.5 below), as
applicable, and except as otherwise expressly provided herein all other terms shall have the meanings assigned to them in Article 9, or absent definition in Article 9, in any other Article of the Uniform Commercial Code. 

2. LOAN COMMITMENT: 

Subject to the terms and conditions contained herein, and upon the condition that no Event of Default shall exist, Bank agrees that it
shall fund the Loan pursuant to the following commitment: 
 2.1 Equipment Loan Commitment: 

(a) Commitment: Bank agrees to make Money Advances to the Borrower in the aggregate amount of Twenty-Five Million and 00/100 Dollars
($25,000,000.00) in the aggregate, the proceeds of which are to be used to finance the purchase of or refinance the 

 

 7 

 
purchase of Eligible New Equipment and Eligible Used Equipment (the “Equipment Loan”), to be repaid in accordance with the Promissory Notes that Borrower, as applicable, must execute in
connection with the Loan. 
 (b) Conditions: Subject to the terms and conditions contained in this Agreement, and upon the
condition that no Event of Default shall then exist, and further provided all conditions precedent hereto or thereto have been met in the sole discretion of Bank as of the date of the request for the Money Advances hereunder, Bank agrees that it
shall make the Money Advances to Borrower in accordance with the Advance Procedure set forth in Section 2.2 of this Agreement, which shall not exceed the Equipment Loan Base, and is not in excess of the sum of: 

(i) One Hundred (100%) percent of the invoice price of or amount paid for the Eligible New Equipment; and 

(ii) One Hundred (100%) percent of the invoice price of or amount paid for the Eligible Used Equipment. 

Any sums outstanding at any time in excess of the Equipment Loan Base, or as otherwise herein restricted, shall be immediately repaid to
Bank. Bank agrees that it shall make the Money Advances to Borrower, but not later than the Conversion Date. 
 2.2
Advance Procedure: The proceeds of each Money Advance must be used to purchase Eligible Equipment or to pay off other lenders for amounts owed on Equipment traded in for Eligible Equipment or with respect to the prior purchase of Eligible
Equipment. At the time of each Money Advance, Borrower must: (i) submit a completed loan request on a form acceptable to Bank; and (ii) deliver to Bank a true and accurate copy of each invoice or other documents of transfer for Eligible
Equipment (identifying said item as Eligible New Equipment or Eligible Used Equipment) being purchased by the use of the proceeds of the Money Advance requested. Money Advances requested by Borrower and approved by Bank will be either:
(i) wired directly to the vendor of the Eligible Equipment for the purchase of Eligible Equipment chosen by Borrower; or (ii) wired to Borrower to reimburse Borrower for Eligible Equipment already purchased by Borrower (including, but not
limited to, payoffs of previous financing for such Equipment) if Borrower meets all remaining conditions in this Agreement and in the Notes to the making of Money Advances. Within 10 business days of the date of each Money Advance, Borrower must:
(i) properly note the lien of the Bank on the application for the Certificate of Title for each such item of Eligible Equipment purchased with the Money Advance; and (ii) provide proof of the notation of Bank’s lien on the Eligible
Equipment for which a Money Advance has been made in the form of a photocopy of the application for Certificate of Title, which must be mailed to Bank on the date on which such application for Certificate of Title is submitted to the governmental
agency processing such application. Upon reasonable notice to Borrower and during normal business hours, Bank may inspect Borrower’s records pertaining to Certificates of Title and applications for Certificates of Title pertaining to
Collateral. Borrower must mail Bank photocopies of the Certificates of Title for Collateral that it receives from governmental agency issuing such Certificates of Title within 2 business days of receipt of same. 

 

 8 

 2.3 Conversion to Term Loan. On the Conversion Date, Bank will cease making
Money Advances, and the entire unpaid principal balance and interest accrued thereon under this Agreement and any Note will be converted into a term loan (the “Term Loan”). Terms of payment of the Term Loan are set forth in Section 4
of this Agreement. 
 3. PAYMENTS; LOAN ACCOUNT. 

3.1 Place and Application of Payments: Bank will invoice Borrower for amounts due in connection with Money Advances.
Borrower must send payment for these invoices to Bank in the form of checks or other commercially reasonable method of payment. Time and manner of payment of these invoices will be set forth thereon. These invoices reflect amounts due under the
Notes. Additional terms and conditions concerning the place and application of payments are set forth in the Notes. 
 3.2
Loan Account: Amounts due under the Loan shall be charged to a Loan Account in Borrower’s name on Bank’s books. Bank shall render to Borrower, from time to time a statement of the Loan Account, which shall be presumed to be
correct and accepted by and binding upon Borrower, unless Bank receives a written statement of exception within 20 Business Days after such statement has been rendered. Bank shall credit to the Loan Account all payments made with respect thereto
received by the Bank, such credits to be entered upon receipt of good U.S. Funds therefor. Such credits, however, are conditional upon final payment to the Bank at its own office in cash or solvent credits of all items giving rise to the credits
and, if any item is not so paid, any credit given for it shall be reversed. 
 4. TERM LOAN 

4.1 Terms. Provided no Event of Default has occurred, then at any time upon fifteen (15) days’ prior written
notice to Bank (the “Borrower’s Notice”), Borrower may elect to extend the term of the Notes. Except as otherwise provided in this Section 4.1, in the event Borrower exercises its right to extend the term of the Notes, the
interest rate shall be either the Available Interest Rate (as defined in the Notes) or the SWAP Rate, at the election of Borrower as provided in Borrower’s Notice. During each Term Loan Borrower must repay the entire unpaid principal balance
plus interest accrued thereon under this Agreement and the Notes in: (i) a term not to exceed 59 equal monthly payments of principal and in any event based upon a 5 year fixed amortization of principal, beginning on the Term Loan First Payment
Date and continuing on first day of each month for such term thereafter; (ii) plus monthly payments of interest accrued on the total outstanding principal balance of the Term Loan for such term; and (iii) on the Termination Date, a final
balloon payment of the outstanding principal balance of the Term Loan plus interest accrued thereon. 
 Provided no Event of
Default has occurred, in the event no election has been made by Borrower pursuant to a Borrower’s Notice by January 2, 2008, and January 2, 2009, as applicable, then the term of the Notes shall automatically be extended for a term of
60 months based upon the principal amount outstanding as of such date and Borrower must repay the entire unpaid principal balance plus interest accrued thereon under this Agreement and the Notes in: (i) a term not to exceed 59 equal monthly
payments of principal and based upon a 5 year fixed amortization of principal, beginning on the Term Loan First Payment Date and continuing on first day of each month for such term thereafter; (ii) plus monthly payments of interest accrued

  

 9 

 
on the total outstanding principal balance of the Term Loan for such term; and (iii) on the Termination Date, a final balloon payment of the outstanding principal balance of the Term Loan
plus interest accrued thereon. For example, if Borrower has borrowed the aggregate sum of $10,000,000 and such principal amount remains outstanding prior to January 2, 2008, then on or before January 2, 2008, Borrower shall convert such
amount to a Term Loan for a term not to exceed 59 months from such Conversion Date. Thereafter, if Borrower borrows an additional sum in the aggregate amount of $15,000,000 and such principal amount remains outstanding prior to January 2, 2009,
then on or before January 2, 2009, Borrower shall convert the $15,000,000 to a Term Loan for a term not to exceed 59 months from such Conversion Date. 

After the earlier of (i) January 2, 2009, or (ii) the aggregate sum of Twenty-Five Million Dollars ($25,000,000) has been
converted to one or more Term Loan(s), Borrower shall not be entitled to any advances under the Notes or this Agreement. 

During the Term Loan when the Available Interest Rate is in effect and provided no Event of Default has occurred, then at any time upon
fifteen (15) days’ prior written notice to Bank (the “Borrower’s Fixed Rate Notice”), Borrower may elect to fix the interest rate on the Notes at the SWAP Rate, at the election of Borrower as provided in the Borrower’s
Fixed Rate Notice, provided, however, there shall be no change in the fixed amortization principal amount as provided above or the Termination Date (subject to the provisions of any Rate Management Agreement if the SWAP Rate is elected). If Borrower
give Borrower’s Fixed Rate Notice and elects to so fix the interest rate, the Notes shall be appropriately amended to give effect thereto. 

Notwithstanding anything in this Agreement or the Notes to the contrary, all interest accrued and unpaid, together with the principal
amount unpaid, is due and payable on the earlier of: (i) the Termination Date; or (ii) the Maturity Date. 
 4.2
Documentation; Fees. Upon the conversion to the Term Loan, Borrower must pay any and all fees and expenses in connection with such conversion incurred by Bank in connection with the preparation of documents evidencing such conversion,
including, but not limited to, attorney fees (which will be on a time and charges basis). However, Borrower understands and agrees that there shall be no further advances under the Equipment Loan on the Conversion Date. 

5. RELEASE/DAMAGE PROVISION: 

(a) Bank is not obligated to release its security interest in any item of Collateral prior to full payment of the Indebtedness, except
upon terms and conditions satisfactory to Bank. 
 (b) Provided, however, Bank shall release its security interest in a
specified item of Collateral either: (i) upon Borrower’s sale thereof, provided the sales proceeds received are applied and paid to Bank as a prepayment of the principal amount of the note related thereto (a “Collateral Sale
Prepayment”), with the remainder, if any, retained by Borrower; or (ii) upon Borrower’s prepayment of the principal amount borrowed to purchase such item of Collateral (a “Collateral Release Prepayment”). If Borrower wishes
to make a Collateral Release Prepayment, it must notify Bank of the items of Collateral that it wishes to release by making a Collateral Release Prepayment. Bank will then calculate the principal amount due for the Collateral

  

 10 

 
Release Prepayment, and Borrower must pay this amount. Bank will then release its lien on the Collateral for which a Collateral Release Prepayment is made. Under this Agreement, “Collateral
Prepayment” means a Collateral Sale Prepayment or a Collateral Release Prepayment. Collateral Prepayments shall not reduce the monthly payments of principal set forth in the Notes, and shall be applied in the inverse order of the date such
principal payments are due in accordance with the Notes. In addition, in the event any item of Eligible Equipment is damaged and not replaced (without a money advance from Bank) or repaired to its full value existing prior to such damage, Borrower
shall pay Bank, immediately, the balance of the amount advanced by Bank with respect to such item, and such payment shall not reduce the monthly payments of principal set forth in such note, and shall be applied in the inverse order of the date such
principal payments are due in accordance with such note. 
 6. SECURITY FOR LOAN:  

Borrower hereby grants to Bank a continuing security interest in the Collateral as security for all Indebtedness, as herein provided for,
or as provided for in the Collateral Documents, and Borrower has executed and delivered to Bank, or will execute or have executed and delivered to Bank, the documents referred to below securing and/or pledging to Bank any and all interests the
Borrower may have, now or hereafter, in any of the Collateral referred to in any of the following documents or instruments, and/or containing such other terms, covenants, agreements, representations, warranties and other matters as Bank may require,
all of which are part of the Collateral Documents. The title to any item of Collateral, ownership of which is evidenced by a Certificate of Title, shall have the Bank’s lien noted thereon (or on an application therefor) and recorded with the
governmental agency issuing such Certificate of Title, in accordance with Section 2.2 of this Agreement. Each Borrower acknowledges and agrees that all of the Notes shall be secured by a security interest in all of the Collateral owned by LGSI
Indiana and LGSI Wyoming such that the Notes are “cross-collateralized.” 
 In addition, the Loan is subject to a
Purchase and Sale Agreement of even date herewith between Logistics Insight Corp., a Michigan corporation, and Bank. 
 7.
REPRESENTATIONS AND WARRANTIES: 
 Borrower represents and warrants to Bank that: 

7.1 Organization and Authority:  

(a) LGSI Indiana is a solvent limited liability company and is organized and validly existing under the laws of the State of Indiana, has
the corporate power to own its property and to conduct its business as is now being conducted, and is duly qualified, if required, to do business and is in good standing in every jurisdiction in which the nature of its business makes such
qualification necessary, including, but not by way of limitation, the State of Michigan. 
  

 11 

 (b) LGSI Wyoming is a solvent corporation and is organized and validly existing under the
laws of the State of Wyoming, has the corporate power to own its property and to conduct its business as is now being conducted, and is duly qualified, if required, to do business and is in good standing in every jurisdiction in which the nature of
its business makes such qualification necessary, including, but not by way of limitation, the State of Michigan. 
 (c)
Logistics Insight Corp. is a solvent corporation and is organized and validly existing under the laws of the State of Michigan, has the corporate power to own its property and to conduct its business as is now being conducted, and is duly qualified
to do business and is in good standing in every jurisdiction in which the nature of its business makes such qualification necessary, including, but not by way of limitation, the State of Michigan. 

7.2 Capital Structure: 

(a) Moroun Family Shareholders, directly or indirectly, own a majority of the outstanding voting and nonvoting shares of Logistics
Insight Corp. 
 (b) Logistics Insight Corp. is the sole member of LGSI Indiana and sole shareholder of LGSI Wyoming.

 (c) All shares of all classes of capital stock/membership interests issued, as applicable, are fully paid and
non-assessable. 
 (d) Borrower does not have outstanding any other stock/membership interest or other equity security, or
other instrument convertible to an equity security of Borrower, or any commitment, understanding, agreement or arrangement to issue, sell or have outstanding any of the foregoing. 

7.3 Permissions: Borrower has all requisite permissions, licenses, registrations and permits required to conduct its
business under the laws of the United States, as well as any state or any foreign country in which it conducts business. The foregoing constitute all of the authorizations required by any Person for the operation of the Borrower’s business in
the same manner as presently conducted, and as proposed to be conducted or conducted from and after the date hereof. All of the foregoing have been validly issued and are in full force and effect. To the best of the knowledge and belief of the
Borrower, after due investigation, no event has occurred which permits, or after notice or lapse of time, or both, would permit, revocation or termination of any of the foregoing or which materially and adversely affects, or in the future may (so
far as the Borrower can now reasonably foresee) materially and adversely affect, the rights of the Borrower. 
 7.4
Transactions Legal and Authorized: The execution, delivery and performance of this Agreement, the Collateral Documents and the other instruments and documents related thereto have been duly authorized by appropriate corporate action of
the Borrower, and the execution, delivery and performance of this Agreement, the Collateral Documents and other instruments related thereto are not in contravention of its Articles of Organization/Incorporation or Operating Agreement/By-Laws, as
applicable, or of the terms of any indenture, agreement or undertaking to which Borrower is a party or by which it is bound. 
  

 12 

 7.5 Pending Litigation: No litigation or other proceeding before any court or
administrative agency, domestic or foreign, is pending, or threatened, the outcome of which could materially impair the financial condition of Borrower or its ability to conduct its business. Borrower is not in default with respect to any order,
writ, injunction, decree or demand of any court or federal, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, which might have consequences which would materially impair the business or
properties of the Borrower. 
 7.6 Financial Statements/Reports/Certificates: 

(a) Existing Financial Information: The financial statements furnished to Bank are true and correct and have been prepared in
accordance with GAAP applied on a Consistent Basis throughout the periods involved. The balance sheet fairly presents the condition of Borrower as of the date thereof, and the profit and loss statement fairly presents the results of operations.
There have been no material adverse changes in the condition of Borrower, financial or otherwise, subsequent to date of the most recent financial statement furnished to Bank. 

(b) Future Financial Information: All financial information, statements, reports and certificates required by this Agreement
including, but not by way of limitation, by Section 10 hereof will to the best knowledge of Borrower, be true and accurate. 

7.7 Title to Collateral: Except for liens which shall be paid off from proceeds advanced under the Loan within ten
(10) business days of such advance, Borrower has good and marketable title to the Collateral, subject to no liens, mortgages, pledges, encumbrances, claims (legal or equitable), or charges of any kind (other than in favor of Bank) and all
Certificates of Title to Eligible Equipment which is Collateral hereunder, and books and records relating thereto, will be located at Borrower’s address above specified, unless disclosed to Bank from time to time in writing, prior to location
in any other place. Borrower shall provide evidence acceptable to Bank of the release of such liens within five (5) business days following receipt of same. 

7.8 Tax Returns/Taxes: Borrower has filed all federal, state, local and foreign tax returns which are required to be filed
and has paid all taxes which have become due pursuant to said returns or pursuant to any assessments of any nature whatsoever to the extent that such taxes have become due, or constitute a lien, on any of the assets of Borrower (or is protesting
same in good faith). Borrower does not know of any proposed material additional tax assessment against it, or any of its properties, or any basis therefor. 

7.9 Restrictions: Borrower is not a party to any contract or agreement, or subject to any charter or other corporate
restriction (including, but not without limitation, any agreement among stockholders) or any order of any regulatory commission, board or agency which materially impairs its business, properties or assets, or its condition, financial or otherwise,
and the execution and performance of this Agreement will not result in the creation of any encumbrance or charge upon any assets of the Borrower pursuant to the terms of any other agreement or instrument. 

 

 13 

 7.10 Eligible Equipment: Each item of Eligible Equipment, as of the date of
the request for the Money Advance, meets the criteria therefor as herein set forth. 
 7.11 Non-Reliance: The Bank
has not undertaken to advise Borrower with respect to the adequacy of the financial accommodations herein set forth, but the financial accommodations are solely the decision of the Bank as to the type and amount of credit it is willing to extend and
Borrower has made the decision, exclusive of any statements of the Bank, or any of its officers or employees, to accept the same without inducement and/or reliance upon the Bank and/or any of its officers and employees. 

7.12 Full Disclosure: Neither this Agreement nor any written statement furnished by or on behalf of the Borrower to Bank in
connection with the negotiation or the making of the Loans contemplated hereby, taken as a whole, contains any untrue statement of a material fact or omits a material fact necessary to make the statements contained therein or herein not misleading.
There is no fact relating to the Borrower or the business of Borrower which the Borrower has not disclosed to Bank, which materially and adversely affects, nor as far as the Borrower can now foresee, will materially and adversely affect any of the
properties, business, prospects, profits or conditions (financial or otherwise) of the Borrower, or the ability of the Borrower to consummate the transactions or perform and carry out its obligations and undertakings contemplated or provided in this
Agreement. It is understood that the Borrower does not purport to make any representation or warranty with respect to general economic conditions or matters of general application to its industry (including any proposed or pending changes in
statutes or regulations pertaining to its industry generally). 
 7.13 Patents, Trademarks, Franchises, Agreement,
Etc.: On the date of execution hereof and hereafter, the Borrower will own or possess all patents, trademarks, service marks, trade names, copyrights, and/or valid and enforceable licenses and other rights with respect to the foregoing,
necessary for the conduct of its business as now conducted and as proposed to be conducted, without any known conflict with the rights of others and, in each case, free of any lien which is not a Permitted Encumbrance. 

7.14 No Defaults: No Event of Default exists on the date hereof. 

7.15 Survival and Continuation: All representations and warranties contained in this Agreement or any of the Collateral
Documents shall be, and continue at all times while any Indebtedness is outstanding, to be true and accurate. Borrower shall immediately notify Bank, in writing, if any of the foregoing are or have become untrue. 

8. AFFIRMATIVE COVENANTS: 

Borrower covenants and agrees, that so long as any Money Advances are outstanding or commitments therefor exist under this Agreement and
until all indebtedness due Bank is paid in full, it will: 
 8.1 Payments of Principal and Interest on Indebtedness:
Pay the principal amount of each Money Advance and accrued interest thereon when due in accordance with the terms of the Notes, whether by acceleration or otherwise, and have no Money Advances outstanding hereunder contrary to any provisions,
limitations or restrictions hereof. 
  

 14 

 8.2 Performance of Obligations: Perform all of the obligations and covenants
of Borrower as required by this Agreement and the Notes, and maintain and take all action (or not fail to take any action or suffer or permit any omission) necessary to maintain the representations and warranties made, as true and accurate.

 8.3 Maintenance of Existence: Maintain its corporate existence and all rights, licenses, leases, agreements and
franchises necessary to continue the operation of its business in the same manner as of the date of execution hereof; provided, however, that the Borrower may be merged with its sole shareholder or a subsidiary thereof provided it gives Bank written
notice thereof within forty-five 45 calendar days thereafter. 
 8.4 Information: Furnish promptly and in a form
satisfactory to Bank, such information as Bank may reasonably request, from to time, and after 5 calendar days prior written notice to Borrower to permit a representative of Bank access to any of its premises. 

8.5 Notification of Disputes: Notify Bank promptly of any claim adverse to, litigation, or administrative or tax
proceeding, or other action threatened or instituted against the Borrower or any property of Borrower or any other material matters which is not fully covered by insurance which could materially adversely impair the Borrowers financial condition or
its ability to conduct its business including, but not limited to, any inquiry or proceedings initiated by any state, federal or foreign regulatory agency. For the purposes of this Agreement, such claims, litigation, proceedings, matters, actions or
inquiries (“Claims”) shall not be deemed to be material and adverse if the aggregate sum in dispute for all Claims is less than $3,000,000.00. Notwithstanding the foregoing to the contrary, Borrower must notify Bank as provided above in
the event of tax claims or proceedings in which the aggregate amount in dispute is more than $1,000,000.00. 
 8.6 Payment
of Taxes: 
 (a) Pay when due all FICA taxes and all withheld federal, state and/or city income taxes, and notify Bank
promptly in the event of its failure to make any such payment when due. 
 (b) Pay all other taxes, assessments, and other
governmental charges to which Borrower or the property of same is or shall be subject before such charges become delinquent, except that no such charge need be paid so long as its validity or amount is being contested in good faith by appropriate
proceedings and Borrower shall have established such reserve with respect thereto as shall be required by sound accounting principles, provided that any such tax, assessment charge or levy shall be paid forthwith (under protest) upon the
commencement of proceedings to foreclose any liens securing the same or upon institution of distraint proceedings, and further provided the Borrower shall in any case involving a contested payment due from the Borrower in excess of $1,000,000.00
give notice in writing thereof to Bank. 
 8.7 Payment of Expenses: Pay all reasonable expenses incurred by Bank
with respect to consummating this Agreement, including reasonable attorney fees and expenses incurred in perfecting Bank’s security interests on a time and charges basis. 

 

 15 

 8.8 Insurance: Maintain adequate fire and extended risk coverage, business
interruption, workers disability compensation, public liability, environmental, flood, and such other insurance coverages as may be required by law and as may be required by Bank. All insurance policies shall be in such amounts, upon such terms, in
form, and carried with such insurers, as are acceptable to Bank. Borrower will keep the Collateral insured (including self-insurance) against loss or damage to the same extent as is usual with corporations in similar businesses. Borrower may comply
with such provision by causing any lessee of any of the Collateral to provide such insurance at such lessee’s expense. Any such insurance shall insure against substantial risk of damage, destruction or theft in an amount which is satisfactory
to Bank, with loss payable to Bank as its interest may appear, and Borrower will deliver certificates of insurance representing all such insurance policies, if any, to Bank upon request. In the event any insurance proceeds shall be payable to
Borrower, or otherwise become available, as a result of a casualty to any Collateral, all such proceeds shall be the property of Bank and applied to the Indebtedness due Bank, unless Borrower or other insured Person desires to use such proceeds to
fund the cost of restoration or repair of such Collateral and, in such event, Bank shall allow the use of such proceeds to fund the cost of repair or restoration, provided that if such proceeds are insufficient to replace or restore the Collateral
so damaged to the condition prior to the existence of the casualty giving rise to the payment of such proceeds, then Borrower shall produce evidence of its ability to fund such costs of restoration and repair in excess of the proceeds. 

8.9 Compliance with Laws: Continue at all times to substantially comply with all laws, ordinances, regulations or
requirements of any governmental authority relating to Borrower’s business, property or affairs to the extent necessary to comply with Section 8.3. 

8.10 Environmental Laws Compliance/Notices/Indemnity. Comply with all Environmental Laws applicable to Borrower’s
business. Borrower agrees to notify Bank, not later than 10 days after Borrower’s receipt, of any summons, notice, lawsuit, citation, letter, or other communication received by Borrower from any Federal, State, or local agency or unit of
government, or any other Person, which asserts Borrower is in violation of any Environmental Laws. Borrower agrees to indemnify and hold Bank harmless from all violations of any Environmental Laws, which indemnity shall include all costs and
expenses incurred by Bank, including reasonable attorney fees (which will be on a time and charges basis), which are related to any violation of any Environmental Laws, whether or not the Indebtedness has been paid at the time any proceeding, claim,
or action is instituted against Bank. Borrower further agrees Bank may at any time, following a Matured Event of Default at Borrower’s cost and expense, hire, or require Borrower to hire, and provide Bank with an environmental audit prepared by
an independent environmental engineering firm acceptable to Bank to confirm the continuing truth and accuracy of Borrower’s environmental representations and warranties. 

8.11 Continuation of Business: Maintain and conduct its business in substantially the same manner in which such business is
presently conducted. 
 8.12 Preservation of Collateral: Maintain, and/or cause any other Person leasing any of
the Collateral to maintain, and preserve and keep the Collateral and every part thereof, in good repair, working order and condition and, from time to time, make all needful and proper repairs, renewals, replacements, additions, improvements and
such maintenance thereto, so that at all times the efficiency thereof shall be fully preserved and maintained. Borrower shall, 

 

 16 

 
upon request, immediately deliver to Bank evidence of ownership and/or certificates of title relative to Collateral and shall place on or otherwise identify the Collateral with such marks or
other methods of identification sufficient to give notice of Borrower’s ownership thereof. 
 8.13 ERISA:
Comply in all material respects with the requirements of the Employee Retirement Income Security Act of l974, as now and hereafter amended (“ERISA”), together with all regulations issued pursuant thereto, including, without limitation, all
provisions regarding minimum funding requirements and requirements as to plan termination insurance; notify Bank immediately of any fact, including, but not limited to, any “reportable event” (as defined in Title IV of ERISA) arising in
connection with any of its Plans, that might be grounds for termination thereof by the Pension Benefit Guaranty Corporation (PBGC) or for the appointment by the appropriate United States District Court of a trustee to administer the Plan, together
with a statement, if requested by Bank, as to the reason therefor and the action, if any, proposed to be taken with respect thereto; and furnish to Bank, upon its request, any additional information concerning any of its Plans that Bank may
reasonably request. 
 8.14 Notice of Event of Default: Borrower shall immediately upon becoming aware of any
Event of Default, give written notice thereof to Bank, specifying the nature and period of existence thereof, and what action the Borrower is taking or proposes to take with respect thereto, but such notice shall not cure the existence thereof or
prohibit Bank’s action arising therefrom. 
 8.15 Financial Information/Reports: Borrower shall within the
time periods specified (and if no time period is specified, 10 Business Days shall be deemed the time period) deliver to Bank, all financial information, reports, certificates, notices and other information herein required of Borrower, pursuant to
any provision of this Agreement. 
 8.16 Financial Covenants: Maintain an Indebtedness to Net Worth of not more
than 2.00 to 1.00, which shall be measured on an aggregate basis of Borrower and Logistics Insight Corp. The covenant will be tested as of the end of each fiscal year. 

For purposes of this Agreement, “Indebtedness” is defined as all indebtedness for borrowed money other than indebtedness which
is owed to Bank. 
 For purposes of this Agreement, “Net Worth” shall mean the total of the capital stock (less
treasury stock), paid-in capital surplus, general contingency reserves and retained earnings (deficit) of Borrower and Logistics Insight Corp. as determined on a consolidated basis in accordance with generally accepted accounting principles after
eliminating all inter-company items between Borrower and Logistics Insight Corp. not incurred in ordinary course of business and all amounts properly attributable to minority interests, if any, in the stock and surplus of any subsidiary, minus the
following items (without duplication of deductions), if any, appearing on the consolidated balance sheet of Borrower and Logistics Insight Corp.: 
  

	 	i)	All deferred charges (less amortization, unamortized debt discount and expense and corporate organization expense; 

 

	 	ii)	The amount by which aggregate inventories or aggregate securities appearing on the asset side of such consolidated balance sheet exceed the lower of cost or market
value (at the date of such balance sheet) thereof; and 

  

 17 

	 	iii)	Any write-up in the book amount of any asset resulting from a revaluation thereof from the book amount entered upon acquisition of such asset. 

8.17 Depository Relationship: Borrower shall, within six (6) months after the date hereof, maintain their general
depositary relationships with Bank (so long as the Bank’s depository services and fees are competitive). 
 9.
NEGATIVE COVENANTS: 
 Borrower covenants and agrees, that so long as any Money Advance is outstanding under this
Agreement, and until all Indebtedness due Bank is paid in full, it will not: 
 9.1 Event of Default: Permit any
Event of Default to occur. 
 9.2 Acquisitions/Merger: Except between and/or among Borrower and any Affiliates and
Moroun Family Shareholders, and subject to Section 9.10 hereof, purchase or acquire obligations or stock of, or any other interest in, any Person, or purchase all or substantially all of the assets of any Person without the prior written
consent of Bank, but no obligation of Bank to consent thereto shall be implied herefrom. 
 9.3 Negative Pledge:
Create, assume or otherwise suffer to exist any mortgage, pledge or other encumbrance, or claim therefor, upon any of Borrower’s assets, now owned or hereafter acquired, except for purchase money security interests incurred in the ordinary
course of business. 
 9.4 Loans/Liabilities: Make a loan to, or incur or assume any liability as guarantor,
surety, indemnitor or otherwise with respect to any indebtedness or other obligation of, any other Person except for employees, Moroun Family Shareholders and Affiliates in the ordinary course of business provided such amount with respect to
Affiliates and Moroun Family Shareholders shall not exceed $5,000,000.00 Dollars in the aggregate at anytime, provided that any such loans are subordinated to Bank. Notwithstanding the foregoing, loans or liabilities that may be deemed to have
occurred as a result of Borrower’s use of bank sweep accounts shall not be in violation of this covenant. 
 9.5
Disposition of Assets: Voluntarily or involuntarily sell, convey, lease or otherwise dispose of any portion of its Collateral, except pursuant to Section 5 hereof. Provided however, Borrower may (a) lease the Equipment to an
Affiliate upon terms not less favorable than would be usual and customary in similar transactions between persons or entities dealing at arm’s length, or (b) transfer all of part of the Equipment to a wholly owned subsidiary of a Borrower
or Logistics Insight Corp. (“Subsidiary”) so long as the Subsidiary provides Bank with an executed Acceptance Certificate in the form attached hereto as Exhibit A (“Acceptance Certificate”). 

9.6 Distributions: Make in any fiscal year, directly or indirectly, any disbursements or distributions, in money or
otherwise, other than salary and bonuses, to any stockholders, officers or directors, which are not paid out of current earnings and profits. 
  

 18 

 9.7 Transactions with Affiliates: Enter into any transaction with any
Affiliates or Moroun Family Shareholders, except on terms not less favorable than would be usual and customary in similar transactions between persons or entities dealing at arm’s length. 

9.8 Management Services: Enter into any contract for personal services or obtaining management or special consulting or
advisory services other than in the ordinary course of business. 
 9.9 Other Obligations: Incur any other
additional obligations by way of loans from any other person or lender except purchase money loans and loans to refinance purchase money loans, and further except for loans from its sole shareholder or Affiliates, without the prior written consent
of Bank, but no obligation of Bank to consent thereto shall be implied herefrom. 
 9.10 Change in Ownership:
Suffer or permit any change in the ownership of Borrower, the results of which are that the Moroun Family Shareholders do not directly or indirectly have a majority interest in Borrower. 

9.11 Default in Payment: Default in any payment of the principal of or interest on the Indebtedness to Bank when and as the
same shall have become due and payable, whether at maturity, by acceleration or otherwise. 
 9.12 Judgment: 

 (i) Suffer or permit any judgment, decree or order in excess of $3,000,000.00 Dollars not fully covered by insurance to be
entered by a court of competent jurisdiction against Borrower, unless such judgment, decree or order is: (i) paid pursuant to court order or settlement thereof; or (ii) appealed by Borrower, if pursuant to such appeal, the judgment, decree
or order is stayed pending resolution of the appeal. 
 (ii) Suffer or permit any writ or warrant of attachment or any similar
process to be filed against Borrower or against any property or asset of Borrower. 
 (iii) Borrower must send Bank written
notice of an event described in this Section 9.12 within 2 business days of occurrence of such event. 
 9.13
Insolvency: Become insolvent or admit, in writing, its inability to meet its obligations as they mature; or Borrower shall be adjudicated bankrupt, or apply for the appointment of a trustee, receiver or custodian for or of any portion of
its properties, or if any such trustee or receiver shall be appointed, and if appointed in a proceeding brought against Borrower, Borrower, by any action, shall indicate its approval of, consent to or acquiescence in such appointment, or if any such
trustee or receiver shall not be discharged within 45 days; or any proceedings shall be commenced by or against Borrower under any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation law or statute
of the United States or any state thereof, and if such proceeding shall be instituted against Borrower, Borrower shall, by any action, indicate its approval of, consent to, or acquiescence therein, or that the same shall remain undismissed for 45
days. 
  

 19 

 9.14 ERISA Plans: Become a contributing employer with respect to a
multi-employer benefit plan within the meaning of Section 3(37)(A) of ERISA (29 U.S.C. 1002), as amended, by Section 302 of the Multi-Employer Pension Plan Amendments Act of 1980; or establish for any of its employees any employee benefit
plan that has, or may in the future incur, any unfunded past service liability. 
 10. BOOKS/RECORDS/FINANCIAL
REPORTS/CERTIFICATES: 
 Borrower covenants and agrees, that so long as any Money Advance is outstanding under this
Agreement. and until all Indebtedness due Bank is paid in full, it will keep proper books of accounts; and: 
 10.1
Quarterly Statements: Furnish to Bank, on a consolidated basis of Borrower and Logistics Insight Corp., quarterly management prepared financial statements, balance sheets, and profit and loss statements with respect to each fiscal quarter
of each fiscal year for the quarter then ended, which shall be deemed to be certified as having been true. Such reports shall set forth the financial condition of Borrower and Logistics Insight Corp. for each such fiscal quarter of Borrower and
Logistics Insight Corp. and shall be delivered to Bank no later than 90 days after the end of each such fiscal quarter of Borrower. In addition, Borrower shall deliver to Bank with each such quarterly financial statement, a schedule, as of the end
of each such fiscal quarter, certified by the president or other senior officer of Borrower, of any Eligible Equipment additions or deletions not previously reported to Bank, which as to an addition has the Bank’s lien noted on the Certificate
of Title applicable thereto 
 10.2 Annual Statements: Borrower shall provide Bank with annual consolidated
audited financial statements of the Linc Logistics Company, a Michigan corporation, (which include Borrower and Logistics Insight Corp.) prepared by a certified public accountant acceptable to Bank, setting forth with detail Linc Logistics Company
true condition as of the end of its fiscal years no later than 180 days after the end of each of its fiscal years. 
 10.3
Additional Information: All of the statements of Borrower required by Section 10.2 shall contain (unless indicated to the contrary below): 

(i) a balance sheet dated as of the close of the applicable period; 

(ii) income statements for the period; 

(iii) capital account reconciliations (under Section 10.2 only); and 

(iv) source and application of funds (under Section 10.2 only). 

10.4 Certification: Borrower’s delivery to Bank of each set of financial statements (and such supplementary
information as Borrower deems appropriate) pursuant to Section 10.1, shall constitute a certification to the effect that such financial statements (coupled with such supplementary information provided by Borrower) set forth the information
required in order to establish whether the Borrower was in compliance with the requirements set forth in Section 8.16 of this Agreement as of the end of the period covered by the financial statement then being furnished. 

 

 20 

 10.5 Accountant’s Statements: Each set of financial statements delivered
to Bank by Borrower pursuant to Section 10.2 shall contain the opinion of the accountants preparing such financial statements stating that such financial statements fairly present the financial condition and the results of operations of the
Borrower as of the end of and for such period and have been prepared in accordance with GAAP applied on a Consistent Basis (except for changes in application which are disclosed in such report and with which such accountants concur) and that the
examination of such accountants in connection with such report has been made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as were
considered necessary in the circumstances. Each set of financial statements delivered pursuant to Section 10.2 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 statement. Schedules shall include Logistics Insight Corp., its subsidiaries presented separately, a column which will include all other companies covered by the financial statements referenced in Section 10.2, and an
eliminations column along with a consolidated total column. 
 10.6 Inspection of Books and Records: (i) Upon
the occurrence of any Event of Default or (ii) if Bank reasonably requests, Borrower authorizes Bank prior to a default upon 5 Business Day’s prior notice to Borrower, the right to inspect Borrower’s books, records and papers while in
the custody of Borrower or under the custody and control of others, and Bank shall have the right to have Borrower make copies, and abstracts thereof, provided, however, that Bank shall not disclose any information concerning Borrower, its sole
shareholder, Moroun Family Shareholders or any Affiliate obtained thereby to any third person or entity, except (x) as necessary or appropriate in connection with the enforcement of any of Bank’s rights hereunder, (y) as required by
law, or (z) as directed by any court of competent jurisdiction provided that Bank gives to Borrower telephonic notice of the receipt of any request of any of the forgoing with written confirmation to Borrower by facsimile and overnight courier
service, unless Bank is prohibited by law from providing such notice. 
 11. NOTICE OF DEFAULT: 

11.1 Required Notice of Default: Bank shall be required to give Borrower a Notice of Default with respect to any Event of
Default except as provided in Section 11.2, and Borrower shall be allowed to cure such Event of Default within the applicable Cure Period. 

11.2 No Required Notice of Default: Bank shall not be required to give Borrower a Notice of Default with respect to any
Event of Default which could result in the Bank lien and security interests as herein provided for being materially impaired. 

11.3 Commercially Reasonable: Borrower agrees that the Cure Periods shall respectively constitute commercially reasonable
notice. 
  

 21 

 12. REMEDIES IN EVENT OF DEFAULT: 

If a Matured Event of Default exists, the Bank shall have the following rights and remedies, provided further that the rights and remedies
contained herein or otherwise available shall be cumulative and not exclusive, and Bank shall have the right to exercise any and all other rights and remedies which may be available, whether contained in this Agreement, the Notes, or available by
virtue of law, including the Uniform Commercial Code or other similar laws or statutes applicable, or contained in any other instruments or agreements between the Bank and the Borrower and/or any other Person and any such action by Bank shall not
serve to release or discharge any other security, property or Collateral held by Bank in connection with this transaction. 

12.1 Acceleration: All Indebtedness shall accelerate without notice or demand, and immediately be due and payable, without
presentation, notice or demand, notwithstanding the maturity or due date therein to the contrary. 
 12.2 Access to
Premises: Bank or any of its agents or representatives may enter the premises of Borrower or any other place where the books and records of Borrower may then be kept and maintained, or Collateral maintained, and remove therefrom copies all
such books, records and information relating to Collateral including, but without limitation, the Certificate(s) of Title with respect to the Collateral, to the premises of Bank or any agent of the Bank, for such time as Bank may desire in order to
effectively collect and liquidate the Collateral. Upon demand by Bank, Borrower shall assemble the Collateral and make it available to Bank at a time and place to be designated by Bank. 

12.3 Appointment of Receiver: Bank shall be entitled, to the extent provided by law, to the appointment of a receiver of
the Collateral, and of the rents and profits derived therefrom. This appointment shall be in addition to any other rights, relief or remedies afforded Bank. Such receiver, in addition to any other rights to which he shall be entitled, shall be
authorized to sell any and all Collateral of the Borrower for the benefit of Bank pursuant to provisions of Michigan law and the Uniform Commercial Code of Michigan. 

12.4 Injunctions: Borrower acknowledges that upon the occurrence of a Matured Event of Default, no remedy at law will
provide adequate relief to Bank. Thus, Bank is entitled to temporary and permanent injunctive, or other equitable relief in any such case without proving actual damages. 

12.5 Expenses: Borrower shall pay to Bank, within a reasonable time following demand, any and all expenses, including
reasonable attorneys fees and legal expenses on a time and charges basis, and outside consultant’s fees on a time and charges basis, reasonably incurred or paid by Bank in protecting or enforcing its rights under this Agreement, the Collateral
Documents or pursuant to any other document or agreement. Bank shall apply the net proceeds of any sale, other disposition or holding of Collateral, after deducting all reasonable costs and expenses of every kind incurred therein or incidental to
the retaking, holding, preparing for sale, selling, leasing or collecting or in any way relating to the rights of Bank hereunder, to the payment of any portion of the Indebtedness, in whole or in part, whether due or not due, absolute or contingent,
making proper rebate for interest or discount on items not then due, and only after so applying such net proceeds and ascertainment by Bank of any other amounts 

 

 22 

 
required by any existing or future provision of law, need Bank account to Borrower for surplus, if any. Borrower shall remain liable to Bank for the payment of any deficiency of any Indebtedness,
together with interest thereon, until paid. Bank shall not be required to proceed against any other party, or against any other security for any Indebtedness or pursue any other right or remedy hereunder, or under any other instrument or
agreement, but all such rights and remedies shall be cumulative and in addition to all other rights and remedies of Bank. 

12.6 Certificate of Title: At such time as all prior liens have been released and new certificates of title reflecting
Bank’s lien have all been issued as provided in this Agreement, Borrower shall deliver to Bank, within three (3) business days following demand, the original Certificates of Title for any Equipment purchased in Title Holding States.

 12.7 Enforcement of Rights: Bank shall be entitled to enforce its rights hereunder and to avail itself of said
other security interests, Collateral and assets, simultaneously or successively, in such order and priority as Bank shall determine, and all such security interests, Collateral, rights and remedies shall continue in full force and effect until the
Indebtedness of the Borrower shall be satisfied in full, and no one or more of such actions shall be deemed an election of remedies. 

13. NOTICES: 

Any notice or demand, which by any provision of this Agreement is required or provided to be given or served to or upon Borrower, shall be
given to Borrower for all purpose by being sent by facsimile with a copy sent certified mail, return receipt requested, postage prepaid, or other expedited mail service, addressed to Borrower, attention H. E. Wolfe, with a copy to David Crittenden
at the address hereinabove set forth, or at such other address as shall be designated by Borrower to Bank in writing, and any such notice shall be given to Bank, for all purposes. by being sent certified mail, return receipt requested, postage
prepaid, or other expedited mail service, to Bank’s address above, or at such other address as Bank may designate to Borrower in writing. 

14. TERMINATION: 

Bank may terminate this Agreement and its obligations hereunder upon the occurrence of a Matured Event of Default. Provided this Agreement
is not terminated earlier because of a Matured Event of Default, this Agreement terminates on the Termination Date. All of the Borrower’s obligations, duties, promises, covenants, representations or warranties under this Agreement and the
Borrower or others’ obligations, duties, promises, covenants, representations or warranties under the Collateral Documents, continue and remain in full force and effect after the Termination Date until the Indebtedness is paid in full. Upon
termination, the Indebtedness, the Notes, Money Advances, Loan(s), and all other obligations due Bank from Borrower, are then immediately due and payable. 

15. CONDITIONS PRECEDENT TO ADVANCES AND ACCEPTANCE CERTIFICATE: 

15.1 Conditions Precedent to Money Advances: The obligation of the Bank to make Money Advances is subject to all the
conditions and requirements of this Agreement and delivery of the following required documents or other action, all of which are conditions precedent: 

(a) Corporate Status: A Certificate of Good Standing of Borrower certified by the state of its incorporation/organization to the
effect that the Borrower is in good standing in such state. 
  

 23 

 (b) Resolutions: Certified resolutions of Borrower authorizing the consummation of
the transactions contemplated hereby and providing for the execution of a written direction of payment if proceeds are to be paid to a Person other than Borrower. 

(c) Certified Documents: A true copy, as of the date of execution hereof, of the Articles of Incorporation/Organization,
By-Laws/Operating Agreement and Shareholder/Member List of the Borrower, including all amendments to the foregoing, certified to by the secretary/authorized representative of the Borrower and a certified list of all names under which Borrower has or
now conducts business in each jurisdiction where it has or now conducts business under such name(s). 
 (d) Opinion of
Counsel: The opinion of counsel for the Borrower, dated as of the date of the closing, satisfactory in form and substance to Bank’s designated counsel, to the following effect: 

(i) The Borrower and Logistics Insight Corp. are validly organized/incorporated and in good standing under the laws of the state of its
organization/incorporation; and 
 (ii) All documents incident hereto including the Loan and Security Agreement, Promissory
Notes, and Collateral Documents have been duly executed by the party so executing and delivered by the Borrower and/or Logistics Insight Corp., and constitute full, valid and binding obligations of such parties, enforceable in accordance with their
respective terms, except that such counsel need not express any opinion as to the extent that enforcement of such documents may be limited by law, including bankruptcy, insolvency or other similar laws affecting creditor’s rights generally.

 (e) Compliance: Borrower and Logistics Insight Corp. shall have complied and shall then be in compliance with all the
terms, covenants and conditions of the Agreement or Purchase and Sale Agreement, as applicable, which are binding upon them. 

(f) Absence of Event of Default: There shall exist no Event of Default as herein defined. 

(g) Continuation of Representations and Warranties: The representations and warranties herein contained shall be true and
correct. 
 (h) Confirmation of Conditions Precedent: Borrower shall be in compliance with and able to confirm all the
foregoing conditions precedent with the same effect as though such conditions precedent were requirements to the making of any Money Advance contemplated herein. 

 

 24 

 15.2 Conditions Precedent to Acceptance Certificate: The obligation of the
Bank to accept an Acceptance Certificate is subject to delivery of the following required documents or other action, all of which are conditions precedent: 

(a) Acceptance Certificate. Bank shall have received a fully executed Acceptance Certificate and Subsidiary shall have complied
and shall then be in compliance with all the terms, covenants and conditions as provided therein. 
 (b) Corporate
Status: A Certificate of Good Standing of Borrower and Subsidiary certified by the state of its incorporation or organization, as applicable, to the effect that each is in good standing in the state of its incorporation/organization. 

(c) Resolutions: Certified resolutions of Borrower and Subsidiary authorizing the conveyance of the Collateral and stating the
consideration, if any, for such conveyance. 
 (d) Certified Documents: A true copy, as of the date of the Acceptance
Certificate, of the Articles of Incorporation/Organization, By-Laws/Operating Agreement and Shareholder/Member List of the Borrower and Subsidiary, including all amendments to the foregoing, certified to by the secretary/authorized representative of
each entity and a certified list of all names under which each entity has or now conducts business in each jurisdiction where it has or now conducts business under such name(s). 

(e) Compliance: Borrower shall have complied and shall then be in compliance with all the terms, covenants and conditions of this
Agreement which are binding upon it. 
 (f) Absence of Event of Default: There shall exist no Event of Default as herein
defined. 
 (g) Continuation of Representations and Warranties: The representations and warranties herein contained
shall be true and correct. 
 16. MISCELLANEOUS: 

16.1 Binding Effect: This Agreement shall be binding upon and shall inure to the benefit of the Borrower and Bank and their
respective successors and assigns, provided that the foregoing shall not authorize any assignment by Borrower of its rights or duties hereunder, which assignment, in whole or in part, by Borrower shall not be permissible. 

 

 25 

 16.2 Delay/Waiver:  

(a) No delay or failure of Bank in exercising any right, remedy, power or privilege hereunder shall affect such right, remedy, power or
privilege, nor shall any single or partial exercise thereof preclude the exercise of any other right, remedy, power or privilege. No delay or failure of Bank at any time to demand strict adherence to the terms of this Agreement shall be deemed to
constitute a course of conduct inconsistent with the Bank’s right at any time, before or after any event of default, to demand strict adherence to the terms of this Agreement or the Collateral Documents. 

(b) Borrower hereby acknowledges that any original Certificates of Title held by Borrower are being held for the benefit of Bank. The
failure of Bank to hold the original Certificates of Title shall not be deemed as a waiver of any right, remedy, power or privilege available to Bank. Borrower agrees that the validity and enforceability of this Agreement shall not be impaired or
affected by any failure of Bank to hold the original Certificates of Title. 
 16.3 Incorporation by Reference:
The Collateral Documents are incorporated herein by reference for all purposes (including MCLA 556.132), and in the event any provision thereof is inconsistent with the provisions of this Agreement, then this Agreement shall be deemed paramount
unless the rights and remedies of the Bank would be adversely affected or diminished thereby. 
 16.4 Applicable
Law: This Agreement and the Collateral Documents shall be interpreted, and the rights of the parties hereunder shall be determined, under the laws of the State of Michigan. 

16.5 Survival: All representations and warranties contained herein, in the Collateral Documents, or in writing by the
Borrower in connection herewith shall survive the execution and delivery of this Agreement. 
 16.6 Further
Assurances: Borrower, from time to time, upon written request of Bank, will make, execute, acknowledge and deliver all such further and additional instruments and take all such further action as may reasonably be required, to carry out the
intent and purpose of this Agreement and to provide for the payment of the Loan, Notes, borrowings and Money Advances, according to the intent and purpose herein and therein expressed. 

16.7 Release: Except for the gross negligence of Bank, Borrower hereby releases Bank from any indirect or consequential
damages suffered by the Borrower as a result of Bank’s negligence in performing its obligations hereunder. 
 16.8
Complete Agreement: This Agreement, together with the Collateral Documents, incorporates and/or contains the entire agreement of the parties hereto with respect to the subject matter hereof and none of the parties shall be bound by
anything not expressed in writing. 
  

 26 

 16.9 Invalidity: Should any part, term or provision of this Agreement be by
the courts decided to be illegal or in conflict with any law of the State of Michigan, the validity of the remaining portion or provisions of the Agreement shall not be affected thereby. 

16.10 Amendment: This Agreement and the Collateral Documents may only be amended, modified or extended by written
instrument executed by Bank and Borrower. 
 16.11 Duplicate Originals: Two or more duplicate originals of this
Agreement may be signed by the parties, each of which shall be an original but all of which together shall constitute one and the same instrument. 

IN WITNESS WHEREOF, the parties hereto have executed this Loan and Security Agreement the day and year first appearing above.

  

									
	Bank:	 		 		 	Borrower:
			
	FIFTH THIRD BANK,	 		 	LGSI EQUIPMENT OF INDIANA, LLC,
	a Michigan banking corporation	 		 	an Indiana limited liability company
			
	 /S/ WILLIAM SCHUSTER
	 		 	 /S/ H. E. WOLFE

	By:	 	William Schuster	 		 	By:	 	H. E. Wolfe
	Its:	 	Vice President	 		 	Its:	 	President
		 		 		 	  
 LGSI EQUIPMENT, INC. OF
WYOMING,

		 		 		 	a Wyoming corporation
				
		 		 		 	 /S/ H. E. WOLFE

		 		 		 	 By:
	 	H. E. Wolfe
		 		 		 	 Its:
	 	President

  

 27 

 EXHIBIT A 

ACCEPTANCE CERTIFICATE 

([insert name of entity]) 

To: Fifth Third Bank (“Lender”) 

The undersigned, being a wholly-owned subsidiary of Logistics Insight Corp., a Michigan corporation, may hereafter receive title to
certain property which is Collateral (as defined in the Loan Agreement hereinafter referenced) (“Property”) from Logistics Insight Corp. pursuant to an instrument of conveyance, a copy of which shall be provided to Lender in accordance
with the Loan Agreement. The Property was or will be purchased by LGSI Equipment of Indiana, LLC and LGSI Equipment, Inc. of Wyoming by the use of Money Advance(s) (as defined in the Loan Agreement), evidenced by the Notes hereinafter referenced. In
connection therewith, the undersigned agrees with Lender as follows. 
 It has received a copy of the Loan and Security
Agreement between Lender and LGSI Equipment of Indiana, LLC and LGSI Equipment, Inc. of Wyoming dated December 18, 2006, as the same may be amended (“Loan Agreement”), and the Promissory Note dated December 18, 2006, executed by
LGSI Equipment of Indiana, LLC and Promissory Note dated December 18, 2006, execute by LGSI Equipment, Inc. of Wyoming, and any other Notes(s) (as defined in the Loan Agreement), evidencing the advances that were used to finance the acquisition
of the Property by LGSI Equipment of Indiana, LLC and LGSI Equipment, Inc. of Wyoming (collectively, the “Loan Documents”). 

It is aware of, and accepts all items of Property from time to time, subject to the lien of the Lender, which lien it acknowledges,
represents and warrants is a valid, enforceable, first, prior and perfected security interest and lien priority with respect thereto. The undersigned joins in the granting of the security interest in such Property to Lender as set forth in
Section 6 of the Loan Agreement. 
 It will not further assign, transfer or convey any items of Property, or any portion
thereof, to any person or entity that is not Logistics Insight Corp. or another wholly-owned subsidiary of Logistics Insight Corp., unless the undersigned again obtains an acceptance certificate substantially consistent herewith, or pursuant to a
lease (as referred to in the Loan Agreement). 
 It will not grant, permit or suffer any other lien, security interest or
encumbrance upon any item of Property, or any portion thereof. 
 It acknowledges that Lender has no obligation to release its
lien on any item of Property except in compliance with Section 5 of the Loan Agreement, or if all indebtedness under the Loan Agreement is paid in full. 

It accepts all items of Property subject to all other terms and conditions of the Loan Documents, including, but not by way of
limitation, the Lender’s rights and remedies provided for by law and/or the Loan Documents. In connection therewith, the undersigned specifically acknowledges and agrees that its rights are subject to, and subordinate to, the Lender’s
rights as a secured creditor with respect to the Property, and that upon a Matured Event of Default (as defined in the Loan Agreement) Lender shall have the right to enforce its rights and remedies as provided in Section 12 of the Loan
Agreement. 
  

 28 

 At the time of the conveyance of the Property, the undersigned shall: (i) properly note
the lien of the Lender on the application for the Certificate of Title (as defined in the Loan Agreement) for each such item of Property transferred; and (ii) provide proof of the notation of Lender’s lien on the Property in the form of a
photocopy of the application for Certificate of Title, which must be mailed to Lender on the date on which such application for Certificate of Title is submitted to the governmental agency processing such application. Upon reasonable notice to the
undersigned and during normal business hours, Lender may inspect the undersigned’s records pertaining to Certificates of Title and applications for Certificates of Title pertaining to Property. The undersigned shall mail Lender photocopies of
the Certificates of Title for Property that it receives from governmental agency issuing such Certificates of Title within 2 business days of receipt of same. Provided, however, that if the ownership of the Property is not customarily
evidenced by a Certificate of Title, then Lender’s lien on such non-titled Property shall be evidenced by a UCC-1 Financing Statement which Lender is authorized to file after review and approval by the undersigned, which approval shall not be
unreasonably withheld, delayed or conditioned. 
 It shall comply with the terms and conditions of Sections 8.8 (Insurance) and
8.12 (Preservation of Collateral) of the Loan Agreement as such provisions relate to the Property. 
  

									
	WITNESS:	 		 		 	[insert name of entity]
					
	  
	 		 		 	By:	 	  

					
	  
	 		 		 	Its:	 	  

  

			
	Accepted:
	FIFTH THIRD BANK
	
	  

	By:	 	  

	Its:	 	  

  

					
	STATE OF MICHIGAN	 	)	 	
		 	)ss.	 	
	COUNTY OF                 	 	)	 	

 The undersigned being duly sworn and known to me to be the
                     of
                    , a             , and wholly-owned subsidiary of
Logistics Insight Corp., on this      day of             ,         , executed the foregoing instrument.

  

					
		 	  
	 	
		 	                    , Notary Public,	 	
		 	                 County, Michigan	 	
		 	Acting in                  County	 	
		 	My Commission Expires:                 	 	

  

 29

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