Document:

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                                                                   EXHIBIT 10.10

                    IRREVOCABLE FUNDING, WARRANT PURCHASE AND

                             REIMBURSEMENT AGREEMENT

                             Dated: October 18, 2002

                                      Among

                           AIG Highstar Capital, L.P.

                                       and

                            TransCore Holdings, Inc.

                                       and

                          TransCore Credit Corporation

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                    IRREVOCABLE FUNDING, WARRANT PURCHASE AND

                             REIMBURSEMENT AGREEMENT

      AGREEMENT made this 18th day of October 2002 by and between AIG HIGHSTAR
CAPITAL, L.P., a Delaware limited partnership ("AIG Highstar"), having an office
at 175 Water Street, 26th Floor, New York, New York 10038, TRANSCORE HOLDINGS,
INC., a Delaware corporation ("TransCore") having an office at 8158 Adams Drive,
Liberty Center - Building 200, Hummelstown, Pennsylvania 17036, and TRANS CORE
CREDIT CORPORATION, a Delaware corporation and wholly owned subsidiary of
TransCore ("TCC"), having an office at 8158 Adams Drive, Liberty Center -
Building 200, Hummelstown, Pennsylvania 17036.

                                   BACKGROUND

      TransCore, among other things, provides technology-based services to
entities to manage ground transportation systems, assets and transactions.

      As a routine part of its business and to secure its obligations under
contracts, TransCore must deliver to its customers surety bonds issued by
licensed surety companies.

      In a typical surety bond arrangement, the surety company issues its bond
to an obligee guaranteeing TransCore's performance under a contract in exchange
for a premium and a contractual undertaking by TransCore, as principal, to
reimburse the surety company if it is required to perform under the bond.

      TransCore has experienced rapid growth and an accompanying need for
additional capacity to obtain and deliver surety bonds.

      In order to support additional bonding capacity, TransCore is seeking to
establish a dedicated first loss indemnity pool of capital to support the
underwriting and issuance of surety bonds by surety companies on behalf of
TransCore.

      AIG Highstar is an existing investor in TransCore and holds 218 shares of
TransCore Class A preferred stock, 103,328 shares of Class C-1 convertible
preferred stock, $2,200,000 of subordinated debt, a warrant to acquire 10,920.5
shares of TransCore Class A Common Stock and a warrant to acquire 219 shares of
Class B Common Stock.

      AIG Highstar has agreed, in consideration for a Warrant to purchase 46,680
shares of TransCore Class A Common Stock at a price of $.01 per share and
certain other consideration, to invest up to $20 million in a bankruptcy remote
subsidiary of TransCore to provide the capital necessary to increase the ability
of TransCore to obtain and deliver surety bonds.

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      TransCore has formed TCC as a bankruptcy remote, wholly owned subsidiary
solely for the purpose of entering into this Agreement (along with any necessary
supporting agreements) and creating a first loss indemnity pool of capital to
support the issuance of surety bonds on behalf of TransCore and related
activities.

      TransCore has agreed to reimburse AIG Highstar for any payments made by
AIG Highstar to TCC on behalf of TransCore under the terms of this Agreement.

                                    AGREEMENT

            SECTION 1. DEFINITIONS

            1.1.  General Provisions. Unless expressly provided otherwise in
      this Agreement, or unless the context requires otherwise:

                  (a)   all accounting terms used in this Agreement shall have
            the meanings ascribed to them in accordance with GAAP;

                  (b)   all terms used herein that are defined in the UCC, shall
            have the meanings set forth therein;

                  (c)   all capitalized terms defined in this Agreement shall
            have the same defined meanings when used in any other documents made
            or delivered pursuant to this Agreement;

                  (d)   the singular shall include the plural, the plural shall
            include the singular, and the use of any gender shall include all
            genders;

                  (e)   all references to any particular party defined herein
            shall be deemed to refer to each and every person defined herein as
            such party individually, and to all of them, collectively, jointly
            and severally, as though each were named wherever the applicable
            defined term is used;

                  (f)   all references to "Sections," "Subsections,"
            "Paragraphs" and "Subparagraphs" shall refer to provisions of this
            Agreement;

                  (g)   all references to time herein shall mean Eastern
            Standard Time or Eastern Daylight Time, as then in effect; and

                  (h)   all references to sections, subsections, paragraphs or
            other provisions of statutes or regulations shall be deemed to
            include successor, amended, renumbered and

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            replacement provisions.

            1.2.  Defined Terms. As used herein, the following terms shall have
      the meanings indicated, unless the context otherwise requires:

            "Additional Letter of Credit" shall mean a direct pay, standby
letter of credit issued in favor of TCC for the account of TransCore or an
Affiliate by a financial institution that is rated at least A+ by Standard &
Poor's Corporation, or its equivalent by Moody's Investor Services, Inc., and
containing terms that are substantially the same as the terms of any related TCC
Obligation to such Issuer; provided that the aggregate amount of all such
Additional Letters of Credit when combined with the aggregate amount of the AIG
Highstar Payment Commitment shall at no time exceed $40 million.

            "Affiliate" shall mean, with respect to any applicable Person, any
other Person that directly or indirectly through one or more intermediaries,
controls, is controlled by, or is under common control with, such Person. For
purposes of this definition, "control" of a Person shall mean the power,
directly or indirectly, either to (i) vote five percent (5%) or more of the
capital stock having ordinary voting power for the election of directors of such
Person (or similar ownership interests in voting power in the case of control of
a Person other than a corporation), or (ii) direct or cause the direction of the
management and policies of such Person, whether by contract or otherwise;
provided, however, that AIG Highstar shall not be deemed to be an Affiliate of
TCC or TransCore for any purpose.

            "Agreement" shall mean this Irrevocable Funding, Warrant Purchase
and Reimbursement Agreement and any future amendments, restatements,
modifications or supplements hereof or hereto.

            "AIG Highstar Payment" shall mean a payment made by AIG Highstar to
TCC in respect of a TCC Obligation that is not promptly reimbursed by TransCore
pursuant to the terms of this Agreement.

            "AIG Highstar Payment Certificate" shall mean a certificate in the
form of Exhibit E attached hereto and made a part hereof executed by an
Authorized Officer of TCC certifying as to the matters therein described and
requesting payment from AIG Highstar pursuant to Section 5.1.

            "AIG Highstar Payment Commitment" shall mean the irrevocable
commitment set forth in Section 3.1 of this Agreement by AIG Highstar to TCC
that guarantees payment to TCC of any TCC Obligation, up to a maximum amount
equal to the AIG Highstar Payment Limit, subject to the terms and conditions of
this Agreement.

            "AIG Highstar Payment Commitment Period" shall mean the period
beginning on the date hereof and continuing until the earlier of: (i) November
16, 2006, (ii) the occurrence of a Change in Control; provided, that the AIG
Highstar Commitment Period shall be suspended during the continuance of a
TransCore Default; provided that any such commitment shall not be used by TCC to
support a surety bond or letter of credit obligation extending beyond November
16, 2006.

            "AIG Highstar Payment Limit" shall mean: (i) on or before December
31, 2004, $20 million, and (ii) after December 31, 2004 and on or before
November 16, 2006, $4 million; provided, however, that in the aggregate the AIG
Highstar Payment Limit shall at no time exceed $20 million.

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            "AIG Surety Agreement" shall mean collectively (i) the Indemnity
Agreement dated on or after the date hereof and on or before October 31, 2002
among TransCore and its Affiliates and insurance companies forming a part of
American International Group, Inc. family of insurance companies ("AIG Surety")
and any future amendments, restatements, modifications or supplements thereof or
thereto relating to the issuance of surety bonds by AIG Surety on behalf of
TransCore, and (ii) the Commitment Letter.

            "Authorized Officer" shall mean, collectively, the President, Chief
Financial Officer, individual General Partner or Managing Member or any other
officer of any Person designated as an Authorized Officer in writing.

            "Bankruptcy Code" shall mean the United States Bankruptcy Code,
Title 11 of the United States Code, as amended, or any successor law thereto,
and any rules promulgated in connection therewith.

            "Business Day" shall mean a day other than (i) a Saturday or Sunday,
(ii) a legal holiday on which banking institutions in the State of New York are
authorized or required by law to close, or (iii) a day on which the New York
Stock Exchange is closed.

            "Capital Stock" shall mean as to any Person, its shares and any
shares of common or preferred stock or other Capital Stock of such Person
authorized from time to time, and any other shares, options, interest,
participations, or other equivalents (however designated) of or in such Person,
whether voting or non-voting, including, without limitation, common stock,
options, warrants, phantom stock, stock appreciation rights, preferred stock,
convertible notes or debentures, stock purchase rights, and all agreements,
instruments, documents and securities convertible, exercisable, or exchangeable,
in whole or in part, into any one or more of the foregoing.

            "Change in Control" shall mean (a) prior to a Qualified IPO, the
Founding Shareholders and AIG Highstar and their respective Affiliates cease to
collectively control capital stock of TransCore representing at least 51% of the
voting power of TransCore capital stock; provided, however, that no Change of
Control would be deemed to have occurred if the Founding Shareholders and AIG
Highstar and their respective Affiliates cease to collectively control capital
stock of TransCore representing at least 51% of the voting power of TransCore
capital stock by reason of the issuance of capital stock of TransCore
representing 30% or less of the voting power of TransCore capital stock on a
fully diluted basis to effect an acquisition or series of acquisitions, or (b)
after a Qualified IPO, any "person" or "group" as such terms are used in
Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), is or becomes the "beneficial owner" (as defined in Rules 13d-5
under the Exchange Act except that a person shall be deemed to have "beneficial
ownership" of all securities that such person has the right to acquire, whether
such right is exercisable immediately or only after the passage of time),
directly or indirectly, of more than fifty percent (50%) of the total voting
power of the issued and outstanding voting capital stock of TransCore normally
entitled to vote in the election of directors of TransCore.

            "Charter Documents" shall mean the articles or certificates of
incorporation, the bylaws and any certificate of designation of preferred stock
of any Person.

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            "Closing Date" shall mean the date hereof.

            "Commitment Letter" shall mean the letter dated on or after the date
hereof and on or before October 31, 2002 from AIG Surety to TransCore and any
future amendments, restatements, modifications or supplements thereof or thereto
relating to the issuance of surety bonds by AIG Surety on behalf of TransCore.

            "Eligible Bond" shall mean any bond outstanding as of the date
hereof: (i) that was (A) issued to an Eligible Obligee, (B) identified in the
AIG Surety Agreement as entitled to seek reimbursement from TCC, and (C) set
forth on Schedule 1.2 hereof, and (ii) with respect to which any letter of
credit issued on behalf of TransCore to secure such bond has been or is
hereafter released. An Eligible Bond also shall mean any bond that (x) will be
issued to an Eligible Obligee (A) on or between the date hereof and October 31,
2003, or (B) after October 31, 2003 if such surety bond is scheduled to be
released on or before October 31, 2004, (y) will be issued pursuant to a Surety
Bond Agreement by an Issuer to an Eligible Obligee on behalf of TransCore or its
Affiliates, and (z) contains customary terms and conditions, including standard
subrogation and other rights, and guaranteeing to the Eligible Obligee payment
or performance by TransCore or its Affiliates under a contract between TransCore
or its Affiliates and the Eligible Obligee; provided, however, that a bond that
does not meet the requirements of paragraph (x) of this sentence but that does
meet the requirements of paragraphs (y) and (z) of this sentence will be deemed
to be an Eligible Bond if TransCore delivers to TCC an Additional Letter of
Credit in an amount equal to one-third (1/3) of the amount of the bond; provided
further, that notwithstanding the terms of any such surety bond, the AIG
Highstar Payment Commitment shall, in all cases, be subject to the AIG Highstar
Payment Limit as provided herein and the AIG Highstar Payment Commitment shall
be further limited by the application of Section 5.5 hereof.

            "Eligible Obligee" shall mean entities located in the United States,
Puerto Rico or other United States possessions that are primarily responsible
for transportation infrastructure systems and services, and transactions related
to the operation of such systems and services.

            "Environmental Laws" shall mean any US federal, foreign, state, or
local statute, law, rule, regulation, ordinance, code, policy, or rule of common
law now or hereafter in effect and any judicial or administrative interpretation
thereof, including any judicial or administrative order, consent, decree or
judgment relating to any omissions, releases, or discharges of Hazardous
Materials into ambient air, surface water, ground water or land or otherwise
relating to the manufacturing process, distribution, use, treatment, storage,
disposal, transport, handling, clean up or control of Hazardous Materials or
other exposure or impact on worker health and safety.

            "ERISA" shall mean the Employee Retirement Income Security Act of
1974, as the same may from time to time be amended, and the rules and
regulations of any governmental agency or authority, as from time to time in
effect, promulgated thereunder.

            "Founding Shareholders" shall have the meaning given to such term in
the Shareholders' Agreement.

            "GAAP" shall mean, at any particular time, United States generally
accepted accounting principles as in effect at such time, provided, however,
that, if employment of more than one principle

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shall be permissible at such time in respect of a particular accounting matter,
"GAAP" shall refer to the principle which is then employed by TransCore or TCC
with the agreement of its independent certified public accountants.

            "Hazardous Material" shall mean (a) any asbestos, PCBs or dioxins or
insulation or other material composed of or containing asbestos, PCBs or dioxins
and (b) any petroleum products and any chemical, material, or other substance
defined as a "hazardous substance," "hazard waste" "toxic substance" or "toxic
waste" under any Environmental Law.

            "Issuer" shall mean an insurance company that possesses a
certificate of authority to issue Surety Bonds and does so on behalf of
TransCore or its Affiliates.

            "Lien" shall mean any security interest, pledge, bailment, mortgage,
deed of trust, conditional sales and title retention agreement (including any
lease in the nature thereof), charge, encumbrance or other similar arrangement
or interest in real or personal property, whether such interest is based on
common law, statute or contract.

            "Material Adverse Effect" shall mean any act, omission, event or
undertaking which would, singly or in the aggregate, have a materially adverse
effect on the business, assets, properties, liabilities, condition (financial or
otherwise), results of operations or business prospects of TransCore or any of
its Subsidiaries taken as a whole, the respective ability of TransCore or any of
its Subsidiaries (or any other obligor) to perform any obligations under the
Transaction Documents or the legality, validity, binding effect, enforceability
or admissibility into evidence of the Transaction Documents or the ability of
AIG Highstar to enforce any rights or remedies under or in connection with the
Transaction Documents.

            "Multi-employer Plan" shall mean a multi-employer plan (within the
meaning of Section 3(37) of ERISA) that is maintained for the benefit of the
employees of TransCore or its Subsidiaries.

            "Note Purchase Agreement" shall mean that certain Subordinated Note
Purchase Agreement dated as of February 5, 2001, among TransCore and various
purchasers, as amended from time to time.

            "Notification of Substitute Letter of Credit Draw" shall mean the
form of notice of draw in substantially the form attached as Exhibit A to the
form of Substitute Letter of Credit attached hereto as Exhibit C pursuant to
which TCC makes a draw under a Substitute Letter of Credit pursuant to Section
6.1 of this Agreement.

            "Permitted Liens" has the meaning assigned to such term in Section
7.2(b) of the Note Purchase Agreement.

            "Person" shall mean an individual, a corporation, a partnership, a
joint venture, a trust or unincorporated organization, a joint stock company or
other similar organization, a government or any political subdivision thereof,
or any other legal entity.

            "Plan" shall mean any employee benefit plan (within the meaning of
Section 3(3) of ERISA), other than a Multi-employer Plan, established or
maintained by TransCore or its Subsidiaries.

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            "Proprietary Rights" shall mean all patents, patent applications,
trademarks, trade names, service marks, copyrights, inventions, production
methods, formulas, know-how and trade secrets.

            "Qualified IPO" shall mean any bona fide firm commitment
underwritten offering by TransCore of its Class A Common Stock to the public
pursuant to an effective registration statement under the Securities Act of
1933, as amended, or any comparable statement under any similar federal statute
then in force, which results in net proceeds in excess of $90,000,000 and
results in a market capitalization of TransCore of not less than $250,000,000.

            "Reportable Event" shall mean any of the events which are reportable
under Section 4043 of ERISA and the regulations promulgated thereunder, other
than an occurrence for which the 30-day notice contained in 29 C.F.R. Section
2615(a) is waived.

            "Shareholders' Agreement" shall mean that certain Shareholders'
Agreement to which TransCore and AIG Highstar are parties dated as of September
3, 1999, as amended by Amendment No. 1 thereto dated as of June 30, 2000, as
further amended by Amendment No. 2 thereto dated as of February 5, 2001.

      "Subsidiary" shall mean any corporation more than fifty percent (50%) of
the outstanding shares of capital stock of which (except for directors'
qualifying shares, if required by law) are at the time owned by TransCore and/or
one or more Subsidiaries.

      "Substitute Letter of Credit" shall mean a letter of credit substantially
in the form attached hereto as Exhibit C delivered by AIG Highstar to TCC or an
Issuer pursuant to Section 3.4 of this Agreement at the request of TCC and in
substitution for the AIG Highstar Payment Commitment.

      "Substitute Letter of Credit Notice" shall mean a notice substantially in
the form attached hereto as Exhibit B delivered by TCC to AIG Highstar pursuant
to Section 3.4 of this Agreement notifying AIG Highstar that an Issuer, as a
condition to issuance of an Eligible Bond, requires a Substitute Letter of
Credit.

      "Surety Bond Agreement" shall mean the AIG Surety Agreement and any
agreement among an Issuer, TCC, TransCore or its Affiliate pursuant to which the
Issuer agrees to issue an Eligible Bond and TCC, as first loss indenmitor, and
TransCore or its Affiliates agree to reimburse the Issuer for any amount paid by
the Issuer in respect of such Eligible Bond to the Eligible Obligee thereunder.

      "TCC Commitment" shall mean the irrevocable commitment set forth in
Section 2.1 of this Agreement by TCC to TransCore that guarantees payment to an
Issuer of any TCC Obligation during the TCC Obligation Period.

      "TCC Obligation" shall mean the amount of any commitment made by TCC
during the TCC Obligation Period to indemnify an Issuer if the Issuer is
required to make any payment to an Eligible Obligee, or incur any expense on
behalf of an Eligible Obligee, under an Eligible Bond, which obligation shall
exist immediately upon execution of the related Surety Bond Agreement.

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      "TCC Obligation Notice" shall mean a written notice, in the form attached
hereto as Exhibit A, delivered by TCC to AIG Highstar and an Issuer and setting
forth the amount and material terms of any TCC Obligation.

      "TCC Obligation Period" shall mean the period beginning on the date hereof
and continuing until the earlier of: (i) September 30, 2007, (ii) the occurrence
of a Change in Control, or (iii) a TransCore Default.

      "TCC Payment" shall mean a payment made by TCC to an Issuer in respect of
a TCC Obligation.

      "TCC Payment Certificate" shall mean a certificate in the form of Exhibit
B attached hereto and made a part hereof executed by an Authorized Officer of
TransCore certifying as to the matters therein described and requesting payment
from TCC pursuant to Section 4.1.

      "Transaction Documents" shall mean this Agreement, the Warrant and all
other documents executed in connection with this Agreement and the Warrant.

      "Transaction" shall mean the transactions contemplated by this Agreement
and the Warrant.

      "TransCore Default" shall mean an uncured, material default by TransCore
under any of the TransCore Credit Documents that has not been: (i) waived by the
applicable lender; or (ii) cured within the applicable cure period provided in
the TransCore Credit Documents; provided, however, that any such default shall
be reported to AIG Highstar within five (5) Business Days after TransCore
becomes aware of such default.

      "TransCore Credit Documents" shall mean: (i) that certain Second Amended
and Restated Loan and Security Agreement dated as of February 5, 2001, (as
amended by the First Amendment to the Second Amended and Restated Loan and
Security Agreement dated as of July 20, 2001, the Second Amendment to the Second
Amended and Restated Loan and Security Agreement dated as of September 10, 2001,
the Third Amendment to Second Amended and Restated Loan and Security Agreement,
Temporary Waiver and Consent dated as of February 15, 2002, the Fourth Amendment
to Second Amended and Restated Loan and Security Agreement and Waiver dated as
of May 31, 2002 and the Fifth Amendment to Second Amended and Restated Loan and
Security Agreement dated as of August 21, 2002 and as further amended, restated,
supplemented or otherwise modified from time to time) (ii) that certain Amended
and Restated Note Purchase Agreement dated as of February 5, 2001, (as amended
by that certain First Amendment thereto dated as of July 20, 2001, that Second
Amendment thereto dated as of September 7, 2001, that certain Third Amendment to
the Amended and Restated Note Purchase Agreement, Temporary Waiver and Consent
dated as of February 15, 2002, and that certain Fourth Amendment to the Amended
and Restated Note Purchase Agreement and Waiver dated May 31, 2002, as amended,
restated, supplemented, or otherwise modified from time to time) and (iii) that
certain Loan and Security Agreement dated as of October 17, 2002.

      "TransCore Payment Certificate" shall mean a certificate in the form of
Exhibit F attached hereto and made a part hereof executed by an Authorized
Officer of AIG Highstar certifying as to the matters therein described and
requesting payment from TransCore pursuant to Section 6.2.

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      "UCC" shall mean the New York Uniform Commercial Code, as modified,
amended, revised, supplemented and restated from time to time.

      "Warrant" shall mean that certain Warrant to acquire 46,680 shares of
Class A Common Stock of TransCore at a price of $.01 per share dated as of the
date hereof and issued by TransCore to AIG Highstar.

            SECTION 2. AMOUNT AND TERMS OF TCC COMMITMENT

            2.1.  Issuance of TCC Commitment. Subject to the terms of this
      Agreement, TCC hereby issues to TransCore the TCC Commitment.

            2.2.  Amount of TCC Commitment. The TCC Commitment, in the
      aggregate, shall be the sum of all TCC Obligations.

            2.3.  Creation and Amount of TCC Obligations. A TCC Obligation shall
      be created upon execution of a Surety Bond Agreement. No TCC Obligation
      shall be created after September 30, 2007, each TCC Obligation shall
      expire upon expiration of the related Eligible Bond, and all TCC
      Obligations shall expire at the end of the TCC Obligation Period.

            SECTION 3. AMOUNT AND TERMS OF AIG HIGHSTAR PAYMENT COMMITMENT

            3.1.  Issuance of AIG Highstar Payment Commitment

                  Subject to the terms of this Agreement, AIG Highstar hereby
issues to TCC the AIG Highstar Payment Commitment with respect to all TCC
Obligations, such AIG Highstar Payment Commitment not to exceed the AIG Highstar
Payment Limit.

            3.2.  Adjustment of AIG Highstar Payment Commitment

                  (a)   As of the date hereof, the AIG Highstar Payment
            Commitment shall equal the AIG Highstar Payment Limit.

                  (b)   As of any date prior to the expiration of the AIG
            Highstar Payment Commitment Period the AIG Highstar Payment
            Commitment shall be the AIG Highstar Payment Limit less the sum of
            the then existing or outstanding: (i) AIG Highstar Payments, and
            (ii) the stated amount of any outstanding Substitute Letters of
            Credit. Accordingly, the AIG Highstar Payment Commitment may vary in
            amount based on amounts, if any, outstanding under (i) and (ii),
            provided it shall never exceed the AIG Highstar Payment Limit.

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                  (c)   After the expiration of the AIG Highstar Payment
            Commitment Period, the AIG Highstar Payment Commitment shall be zero
            and no portion of the AIG Highstar Payment Commitment shall be used
            in respect of a TCC Obligation that extends beyond the AIG Highstar
            Payment Commitment Period.

            3.3.  Identification of TCC Obligations. TCC shall identify each TCC
      Obligation by delivery to AIG Highstar and the Issuer of a TCC Obligation
      Notice in the form attached as Exhibit A hereto. Each TCC Obligation
      Notice shall be delivered by TCC to AIG Highstar and the Issuer within ten
      (10) Business Days after the issuance date of the Surety Bond Agreement to
      which it relates.

            3.4.  Substitute Letters of Credit; Letter of Credit Fee.
      Notwithstanding anything contained herein to the contrary, upon the
      written request of an Issuer to TransCore or TCC, and delivery of a
      Substitute Letter of Credit Notice from TCC to AIG Highstar in the form
      attached hereto as Exhibit B, AIG Highstar shall deliver to TCC a
      Substitute Letter of Credit in substantially the form attached hereto as
      Exhibit C within twelve (12) Business Days of such request. The amount of
      the AIG Highstar Payment Commitment shall be reduced by the stated amount
      of the Substitute Letter of Credit for so long as such Substitute Letter
      of Credit is outstanding. Such delivery shall occur contemporaneously with
      the execution of a Surety Bond Agreement by TCC and the Issuer and the
      creation of a TCC Obligation. If AIG Highstar is required to issue to TCC
      a Substitute Letter of Credit, TransCore shall pay to AIG Highstar an
      amount equal to 1.25% per annum of the aggregate amount of any such
      Substitute Letters of Credit issued and outstanding, payable quarterly in
      arrears.

            3.5.  Non-exclusive Bonding Facility. Nothing contained in this
      Agreement shall in any way require that TransCore cannot satisfy its
      bonding requirements directly or in any other manner that TransCore, in
      its sole discretion, shall determine.

            SECTION 4. TCC PAYMENTS

            4.1.  Demand for Payment. Upon payment by an Issuer to an Eligible
      Obligee in connection with an Eligible Bond, TransCore shall make a demand
      for a TCC Payment by delivery to TCC of a written TCC Payment Certificate
      signed by an Authorized Officer of TransCore in the form attached hereto
      as Exhibit D. The TCC Payment Certificate shall reference the Surety Bond
      Agreement previously executed by TCC related to the Eligible Bond under
      which payment was made by the Issuer to an Eligible Obligee and state that
      TCC, as first loss indemnitor under such Surety Bond Agreement, is
      obligated to make a payment to the Issuer referenced in such Surety Bond
      Agreement and shall specify the amount of such payment. In the event that
      the TCC Payment Certificate is for an amount less than the amount
      specified in the original TCC Obligation related to such Surety Bond
      Agreement, such TCC Obligation immediately shall be reduced by the amount
      specified in the TCC Payment Certificate paid by TCC.

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            4.2.  Presentation. Presentation of a TCC Payment Certificate shall
      be made in writing at the offices of TCC or at any other office that may
      be designated by TCC by written notice to TransCore.

            4.3.  Time of Payment. Demands for payment by TCC to an Issuer may
      be made under this Agreement during business hours on a Business Day. If a
      TCC Payment Certificate is delivered by TransCore to TCC at or prior to
      12:00 noon (Eastern Time) on a Business Day, the TCC Payment requested to
      be made in such TCC Payment Certificate will be honored by TCC by 12:00
      noon (Eastern Time) on the eleventh (11th) succeeding Business Day. If a
      TCC Payment Certificate is delivered by TransCore to TCC after 12:00 noon
      (Eastern Time) on a Business Day, the TCC Payment requested to be made in
      such TCC Payment Certificate will be honored by TCC on the twelfth (12th)
      succeeding Business Day. Payment against any TCC Payment Certificate
      indicating a payment date which is not a Business Day will be effected on
      the next succeeding Business Day. If a TCC Payment Certificate hereunder
      does not, in any instance, conform to the terms and conditions of this
      Agreement, TCC shall give TransCore prompt notice that the purported TCC
      Payment Certificate was not effected in accordance with the terms and
      conditions of this Agreement, stating the reasons therefor and that TCC is
      holding any document or is returning the same to TransCore, as it may
      elect. Upon being notified that the purported TCC Payment Certificate was
      not effected in conformity with the Agreement, TransCore may attempt to
      correct any such nonconforming TCC Payment Certificate if, and to the
      extent that, TransCore is able to do so.

            4.4.  Method of Payment. Each TCC Payment shall be made by wire
      transfer of immediately available funds to an account designated by
      TransCore by written notice to TCC.

            4.5.  Limitation on TCC Payment Obligation. Notwithstanding any
      provision of this Agreement to the contrary, TCC shall have no obligation
      to make any TCC Payment unless TCC is (i) the beneficiary under any
      Additional Letter of Credit that has not been fully drawn upon pursuant to
      its terms, or (ii) TCC receives an AIG Highstar Payment pursuant to, and
      as defined in, this Agreement. Any TCC Payment shall be made first from
      the proceeds of any Additional Letter of Credit that has not been fully
      drawn, and second from an AIG Highstar Payment made pursuant to Section
      5.1 of this Agreement.

            SECTION 5. AIG HIGHSTAR PAYMENTS

            5.1.  Demand for Payment. TCC shall make a demand for an AIG
      Highstar Payment by delivery to (i) AIG Highstar of a written AIG Highstar
      Payment Certificate signed by an Authorized Officer of TCC in the form
      attached hereto as Exhibit E or (ii) the issuing bank of a Substitute
      Letter of Credit of a written Notification of Substitute Letter of Credit
      Draw signed by an Authorized Officer of TCC substantially in the form
      attached as Exhibit "A" to Exhibit "C" hereof, with a copy to AIG
      Highstar. The AIG Highstar Payment Certificate or Notification of
      Substitute Letter of Credit Draw shall reference a TCC Obligation Notice
      previously delivered to AIG Highstar and state that TCC is obligated to
      make a payment to the Issuer referenced in the TCC Obligation Notice and
      specify the amount of such payment. In the event that the AIG

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      Highstar Payment Certificate or Notification of Substitute Letter of
      Credit Draw is for an amount less than the amount specified in the
      original TCC Obligation Notice, such TCC Obligation Notice immediately
      shall be reduced by the amount set forth in the AIG Highstar Payment
      Certificate or Notification of Substitute Letter of Credit Draw paid by
      the issuing bank.

            5.2.  Presentation. Presentation of a AIG Highstar Payment
      Certificate shall be made in writing at the offices of AIG Highstar, 175
      Water Street, 26th Floor, New York, New York 10038, Attention: Christopher
      H. Lee or Michael Walsh, telephone number (212) 458-2338, telecopier
      number (212) 458-2222, or at any other office that may be designated by
      AIG Highstar by written notice to TCC.

            5.3.  Time of Payment. Demands for payment by AIG Highstar to TCC
      may be made under this Agreement during business hours on a Business Day.
      If an AIG Highstar Payment Certificate is delivered by TCC at or prior to
      12:00 noon (Eastern Time) on a Business Day, such AIG Highstar Payment
      Certificate will be honored by AIG Highstar by 12:00 noon (Eastern Time)
      on the eleventh (11th) succeeding Business Day. If an AIG Highstar Payment
      Certificate is delivered by TCC after 12:00 noon (Eastern Time) on a
      Business Day, such AIG Highstar Payment Certificate will be honored by AIG
      Highstar on the twelfth (12th) succeeding Business Day. Payment against
      any AIG Highstar Payment Certificate indicating a payment date which is
      not a Business Day will be effected on the next succeeding Business Day.
      If an AIG Highstar Payment Certificate hereunder does not, in any
      instance, conform to the terms and conditions of this Agreement, AIG
      Highstar shall give TCC prompt notice that the purported AIG Highstar
      Payment Certificate was not effected in accordance with the terms and
      conditions of this Agreement, stating the reasons therefor and that AIG
      Highstar is holding any document or is returning the same to TCC, as it
      may elect. Upon being notified that the purported AIG Highstar Payment
      Certificate was not effected in conformity with the Agreement, TCC may
      attempt to correct any such nonconforming AIG Highstar Payment Certificate
      if, and to the extent that, TCC is able to do so.

            5.4.  Method of Payment. Each AIG Highstar Payment shall be made by
      wire transfer of immediately available funds to an account designated by
      TCC by written notice to AIG Highstar.

            5.5.  Additional Letters of Credit. In addition to the AIG Payment
      Commitment set forth in this Agreement, TCC may also obtain one or more
      Additional Letters of Credit to further support TransCore bonding
      requirements. Notwithstanding any provision of this Agreement to the
      contrary, AIG Highstar shall have no obligation to make any AIG Highstar
      Payment until any and all Additional Letters of Credit have been fully
      drawn upon pursuant to their terms.

            SECTION 6. REIMBURSEMENT OBLIGATION

            6.1.  Reimbursement for Payment of AIG Highstar Payments. TransCore
      shall reimburse AIG Highstar for all payments made by AIG Highstar (a) to
      TCC pursuant to an AIG

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      Highstar Payment Certificate issued by TCC to AIG Highstar, or (b) to TCC
      or an Issuer under a Substitute Letter of Credit under which TCC has made
      a draw by delivery to AIG Highstar of a Notification of Substitute Letter
      of Credit Draw.

            6.2.  Demand for Payment. AIG Highstar shall make a demand for
      reimbursement from TransCore by delivery to TransCore of a written
      TransCore Payment Certificate signed by an Authorized Officer of AIG
      Highstar in the form attached hereto as Exhibit F. The TransCore Payment
      Certificate shall reference a TCC Obligation Notice previously delivered
      to AIG Highstar and state that AIG Highstar has made a payment to TCC
      pursuant to a AIG Highstar Payment Certificate and the amount of such
      payment or that a draw has been made under a Substitute Letter of Credit
      and the amount of such draw. All reimbursement payments due under this
      Section 6.2 from TransCore to AIG Highstar must be made by TransCore in
      cash within five (5) business days of receipt by TransCore of a TransCore
      Payment Certificate.

            6.3.  Presentation. Presentation of a TransCore Payment Certificate
      shall be made in writing at the offices of TransCore or at any other
      office that may be designated by TransCore by written notice to AIG
      Highstar.

            6.4.  Method of Payment. Each payment by TransCore to AIG Highstar
      shall be made by wire transfer of immediately available funds to an
      account designated by AIG Highstar by written notice to TransCore.

            SECTION 7. WARRANT

            7.1.  Issuance of Warrant. In consideration for the execution of
      this Agreement, including the representations and warranties of AIG
      Highstar contained herein, and the performance by AIG Highstar of its
      obligations hereunder, TransCore hereby issues to AIG Highstar the
      Warrant.

            SECTION 8. CONDITIONS AND DELIVERIES

            8.1.  Conditions to AIG Highstar Obligations.

            AIG Highstar shall have no obligation to TransCore and TCC under
      this Agreement until TransCore and TCC deliver, or cause to be delivered,
      to AIG Highstar:

                  (a)   the Warrant;

                  (b)   An opinion of Stevens & Lee, counsel to TCC and
            TransCore, in the form attached hereto as Exhibit G;

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<PAGE>

                  (c)   A Closing Certificate signed by an Authorized Officer of
            TransCore in the form attached hereto as Exhibit H that, among other
            things, shall affirm that no default or event of default has
            occurred that has not been waived under the TransCore Credit
            Documents or the Note Purchase Agreement, and such waived defaults
            shall be summarized in an attachment to such certificate;

                  (d)   A Closing Certificate signed by an Authorized Officer of
            TCC in the form attached hereto as Exhibit I; and

                  (e)   If but only if TransCore and AIG Surety have not
            executed the AIG Surety Agreement, then, as a further condition to
            the effectiveness of this Agreement and the issuance of the Warrant,
            TransCore shall provide satisfactory evidence to AIG Highstar of
            TransCore's delivery to TCC of matching Additional Letters of Credit
            having a stated amount equal to one-third (1/3) of the outstanding
            dollar amount of each of the bonds listed on Schedule 1.2, provided,
            however, that the dollar amount of matching letters of credit issued
            and outstanding on behalf of TransCore in respect of the bonds
            listed on Schedule 1.2 that name AIG Surety as the beneficiary shall
            be credited against such obligation in an amount up to one-third
            (1/3) of the outstanding dollar amount of each such bond.

            8.2.  CONDITIONS TO TRANSCORE'S AND TCC'S OBLIGATIONS.

            Neither TransCore nor TCC shall have any obligation to AIG Highstar
      under this Agreement until AIG Highstar delivers, or causes to be
      delivered, to TransCore and TCC:

                  (a)   an opinion of Milbank, Tweed, Hadley &McCloy, LLP,
            counsel to AIG Highstar, in the form attached hereto as Exhibit J;
            and

                  (b)   A Closing Certificate signed by an Authorized Officer of
            AIG Highstar in the form attached hereto as Exhibit K.

            SECTION 9. REPRESENTATIONS AND WARRANTIES OF TCC

            To induce AIG Highstar and TransCore to enter into this Agreement,
      TCC represents and warrants to AIG Highstar and TransCore that:

            9.1.  Organization and Qualification. TCC is a corporation duly
      organized, validly existing and in good standing under the laws of the
      jurisdiction of its incorporation and is duly qualified as a foreign
      corporation and in good standing under the laws of each jurisdiction in
      which the conduct of its business or the ownership of its assets requires
      such qualification and in which the failure to so qualify could reasonably
      be expected to have a material adverse effect.

                                       14

<PAGE>

            9.2.  Power and Authority. TCC has the corporate power to execute,
      deliver and perform its obligations under this Agreement and has taken all
      necessary corporate action to authorize this Agreement and the execution
      and delivery of, and performance of its obligations under this Agreement.
      No consent of any other party (including stockholders of TCC) and no
      consent, license, approval or authorization of, or registration or
      declaration with, any governmental authority, bureau or agency is required
      in connection with the execution, delivery, performance, validity or
      enforceability of this Agreement.

            9.3.  Enforceability. This Agreement, when executed and delivered to
      AIG Highstar and TransCore, will constitute valid obligations of TCC
      legally binding upon it and enforceable in accordance with its terms,
      except as enforceability of the foregoing may be limited by bankruptcy,
      insolvency or other laws of general application relating to or affecting
      the enforcement of creditors' rights.

            9.4.  Conflict with Other Instruments. The execution and delivery
      of, and performance of its obligations under, this Agreement will not
      violate or contravene any provision of any existing law or regulation or
      decree of any court, governmental authority, bureau or agency having
      jurisdiction over TCC or of the Certificate of Incorporation or the
      By-Laws of TCC or any mortgage, indenture, security agreement, contract,
      undertaking or other agreement to which TCC is a party or which purports
      to be binding upon it or any of its properties or assets, and will not
      result in the creation or imposition of any lien on or in any of its
      properties or assets pursuant to the provisions of any such mortgage,
      indenture, security agreement, contract, undertaking or other agreement.

            9.5.  Litigation. No actions, suits or proceedings before any court
      or governmental department or agency (whether or not purportedly on behalf
      of TCC) are pending or, to the knowledge of TCC, threatened (a) with
      respect to any of the transactions contemplated by this Agreement or (b)
      against or affecting TCC or any of its properties that, if adversely
      determined, could reasonably be expected to have a material adverse effect
      on TCC.

            SECTION 10. REPRESENTATIONS AND WARRANTIES OF AIG HIGHSTAR

            To induce TransCore and TCC to enter into this Agreement, AIG
      Highstar represents and warrants to TransCore and TCC that:

            10.1. Organization and Qualification. AIG Highstar is a limited
      partnership duly organized, validly existing and in good standing under
      the laws of the jurisdiction of its formation and is duly qualified as a
      foreign limited partnership and in good standing under the laws of each
      jurisdiction in which the conduct of its business or the ownership of its
      assets requires such qualification and in which the failure to so qualify
      could reasonably be expected to have a material adverse effect.

                                       15

<PAGE>

            10.2. Power and Authority. AIG Highstar has the partnership power to
      execute, deliver and perform its obligations under this Agreement and has
      taken all necessary partnership action to authorize this Agreement and the
      execution and delivery of, and performance of its obligations under this
      Agreement. No consent of any other party (including general or limited
      partners of AIG Highstar) and no consent, license, approval or
      authorization of, or registration or declaration with, any governmental
      authority, bureau or agency is required in connection with the execution,
      delivery, performance, validity or enforceability of this Agreement.

            10.3. Enforceability. This Agreement, when executed and delivered to
      TransCore and TCC, will constitute valid obligations of AIG Highstar
      legally binding upon it and enforceable in accordance with its terms,
      except as enforceability of the foregoing may be limited by bankruptcy,
      insolvency or other laws of general application relating to or affecting
      the enforcement of creditors' rights.

            10.4. Conflict with Other Instruments. The execution and delivery
      of, and performance of its obligations under, this Agreement will not
      violate or contravene any provision of any existing law or regulation or
      decree of any court, governmental authority, bureau or agency having
      jurisdiction over AIG Highstar or of the Certificate of Limited
      Partnership of AIG Highstar or any mortgage, indenture, security
      agreement, contract, undertaking or other agreement to which AIG Highstar
      is a party or which purports to be binding upon it or any of its
      properties or assets, and will not result in the creation or imposition of
      any lien on or in any of its properties or assets pursuant to the
      provisions of any such mortgage, indenture, security. agreement, contract,
      undertaking or other agreement.

            10.5. Litigation. No actions, suits or proceedings before any court
      or governmental department or agency (whether or not purportedly on behalf
      of AIG Highstar) are pending or, to the knowledge of AIG Highstar,
      threatened (a) with respect to any of the transactions contemplated by
      this Agreement or (b) against or affecting AIG Highstar or any of its
      properties that, if adversely determined, could reasonably be expected to
      have a material adverse effect on AIG Highstar.

            10.6. Purchase for Investment. AIG Highstar is acquiring the Warrant
      pursuant to Section 7.1 hereof with the following understanding:

                  (a)   AIG Highstar understands that the Warrant and the Class
            A Common Stock acquirable upon exercise of the Warrant have not been
            registered under the Securities Act of 1933, as amended (the
            "Securities Act"), or under applicable state securities laws (the
            "Blue Sky Laws"), in reliance upon exemptions contained in the
            Securities Act and Blue Sky Laws and any applicable regulations
            promulgated thereunder or interpretations thereof, and cannot be
            offered for sale, sold or otherwise transferred unless, among other
            things, such Warrant or Class A Common Stock is subsequently
            registered or qualified for exemption under the Securities Act and
            Blue Sky Laws, and that the certificates representing the Warrant
            and the Class A Common Stock shall bear a legend noting such
            restrictions;

                                       16

<PAGE>

                  (b)   That the Warrant is being acquired under this Agreement
            by AIG Highstar in good faith solely for its own account, for
            investment and not with a view toward resale or other distribution
            within the meaning of the Securities Act, and that such securities
            will not be offered for sale, sold or otherwise transferred without
            either registration or exemption from registration under the
            Securities Act and Blue Sky Laws;

                  (c)   AIG Highstar has such knowledge and experience in
            financial and business matters that AIG Highstar is capable of
            evaluating the merits and risks of its investment in the Warrant and
            AIG Highstar understands and is able to bear any economic risks
            associated with such investment (including the inherent risk of
            losing all or part of its investment in the Warrant); and

                  (d)   AIG Highstar is directly familiar with the business that
            is conducted and intended to be conducted by TransCore, including
            financial matters related to such business, has been given the
            opportunity to ask questions of, and receive answers from, the
            directors and principal officers of TransCore concerning the
            business and financial affairs of TransCore, and the terms and
            conditions of its purchase of the Warrant, and has had further
            opportunity to obtain any additional information desired (including
            information necessary to verify the accuracy of the foregoing).

            10.7. Delivery of Substitute Letters of Credit. AIG Highstar has the
      financial standing and credit worthiness that will permit it to deliver a
      Substitute Letter of Credit pursuant to Section 3.4 of this Agreement.

            SECTION 11. REPRESENTATIONS OF TRANSCORE

            To induce AIG Highstar and TCC to enter into this Agreement,
      TransCore represents and warrants to AIG Highstar and TCC that:

            11.1. Organization and Corporate Power. Each of TransCore and its
      Subsidiaries is duly organized, validly existing and in good standing
      under the laws of the jurisdiction of its formation and is qualified to do
      business in the jurisdictions listed on the attached "Qualifications
      Schedule," except as noted therein, which list includes every jurisdiction
      where the failure to so qualify might reasonably be expected to have a
      Material Adverse Effect. Each of TransCore and its Subsidiaries has the
      requisite power and authority to execute, deliver and carry out its
      respective obligations under each of the Transaction Documents. Each of
      TransCore and its Subsidiaries has all requisite power and authority and
      all material licenses, permits and authorizations necessary to own and
      operate its respective properties, to carry on its respective businesses
      as now conducted and presently proposed to be conducted and to carry out
      the Transaction. The copies of each of TransCore's and its Subsidiaries'
      Charter Documents which have been furnished to AIG Highstar reflect all
      amendments made thereto at any time prior to the date of this Agreement
      and are correct and complete.

                                       17

<PAGE>

            11.2. Capital Stock and Related Matters.

                  (a)   As of the Closing and immediately thereafter, the
            authorized Capital Stock of TransCore is as set forth on the
            attached "Capitalization Schedule." As of the Closing, TransCore
            will not be subject to any obligation (contingent or otherwise) to
            repurchase or otherwise acquire or retire any shares of its Capital
            Stock, (including the Schedules hereto), except as set forth in the
            Shareholders' Agreement or the Charter Documents of TransCore. As of
            the Closing, all of the outstanding shares of TransCore's Capital
            Stock will be validly issued, fully paid and non-assessable.

                  (b)   TransCore has not violated any applicable federal or
            state securities laws in connection with the offer, sale or issuance
            of any of its Capital Stock, or the offer, sale and issuance of the
            Warrant to AIG Highstar pursuant to and in the manner contemplated
            by this Agreement and such issuance does not and will not, require
            registration under the Securities Act of 1933, as amended, or any
            applicable state securities laws. Except as set forth in the
            Shareholders' Agreement, there are no agreements between TransCore's
            shareholders with respect to the voting or transfer of TransCore's
            Capital Stock.

            11.3. Subsidiary. Except for the Subsidiaries set forth on the
      "Subsidiaries Schedule" hereto, TransCore does not hold any rights to
      acquire any shares of stock or any other security or interest in any other
      Person.

            11.4. Authorization; No Breach. TransCore has duly authorized the
      execution, delivery and performance of its obligations under the
      Transaction Documents. The execution and delivery by TransCore of the
      Transaction Documents does not and will not (i) conflict with or result in
      a breach of the terms, conditions or provisions of, or (ii) result in the
      creation of any lien, security interest, charge or encumbrance upon any of
      TransCore's capital stock, assets or property now owned or hereafter
      acquired, or (iii) give any third party the right to accelerate any
      obligation, or (iv) result in a violation of, or (v) require any
      authorization, consent, approval, exemption or other action by or notice
      to any court or administrative or governmental body pursuant to the
      Charter Documents of TransCore, or any law, statute, rule or regulation to
      which TransCore is subject, or any agreement, instrument, order, judgment
      or decree to which TransCore is a party or to which it or its assets are
      subject.

            11.5. Governmental Approval. No registration with or consent or
      approval of, or other action by, any federal, state or other governmental
      agency, authority or regulatory body is or will be required in connection
      with the consummation of the Transaction by TransCore or its Subsidiaries.

            11.6. Enforceability. This Agreement, when executed and delivered to
      AIG Highstar and TCC, will constitute valid obligations of TransCore
      legally binding upon it and enforceable in accordance with its terms,
      except as enforceability of the foregoing may be limited by bankruptcy,
      insolvency or other laws of general application relating to or affecting
      the

                                       18

<PAGE>

      enforcement of creditors' rights.

            11.7. Financial Matters. TransCore has furnished to AIG Highstar a
      copy of (i) the consolidated audited balance sheet of TransCore and its
      Subsidiaries for the fiscal year ending on January 31, 2002 and the
      related statement of income and (ii) the consolidated unaudited balance
      sheet of TransCore and its Subsidiaries as of July 31, 2002, and the
      related statement of income for the six-month period then ended. Such
      financial statements present fairly in accordance with GAAP, the financial
      position of TransCore at the date thereof and the results of operations of
      TransCore for the periods then ended, subject to normal year-end
      adjustments. Except as disclosed or reflected in such financial
      statements, neither TransCore nor any of its Subsidiaries had any material
      liabilities, contingent or otherwise, and there were no material
      unrealized or anticipated losses of TransCore or any of its Subsidiaries.

            11.8. No Material Adverse Change. Since January 31, 2002, there has
      been no event or occurrence that would reasonably be expected to have a
      Material Adverse Effect, provided, however, that neither the accounting
      irregularities heretofore disclosed with respect to the acquired
      subsidiary Viastar Holdings, Inc. nor the inability to secure surety bonds
      as of the date of this Agreement shall be deemed to be a Material Adverse
      Effect.

            11.9. Litigation. Except as described in the "Litigation Schedule",
      no actions, suits or proceedings before any court or governmental
      department or agency (whether or not purportedly on behalf of TransCore)
      are pending or, to the knowledge of TransCore, threatened (a) with respect
      to any of the transactions contemplated by this Agreement or (b) against
      or affecting TransCore or any of its properties that, if adversely
      determined, could reasonably be expected to have a material adverse effect
      on TransCore.

            11.10. Compliance with Laws. TransCore and its Subsidiaries are not
      in violation in any material respect of any applicable law, rule or
      regulation, including but not limited to, any Environmental Law. TransCore
      and its Subsidiaries are not in default with respect to any judgment,
      writ, injunction, decree, rule or regulation of any court or governmental
      agency or instrumentality. During the past ten (10) years, none of the
      current officers, directors or management of TransCore or any of its
      Subsidiaries have been arrested or convicted of any material crime nor
      have any of them been bankrupt or, except as disclosed on the attached
      "Compliance with Laws Schedule," an officer or director of a bankrupt
      company.

            11.11. Environmental Protection. Except as specified in the
      "Environmental Schedule" and after giving effect to the Transactions: (a)
      TransCore and its Subsidiaries, the methods and means employed by them in
      the operation thereof (including all operations and conditions at or in
      the properties of TransCore), and the assets owned, leased, held or
      operated by them, comply in all material respects with all applicable
      laws, rules, regulations, ordinances and codes of every kind, including
      Environmental Laws; (b) TransCore and its Subsidiaries have obtained all
      permits under Environmental Laws necessary to their operations other than
      such permits the absence of which could not, individually or in the
      aggregate, result in a Material Adverse Effect, and all such permits are
      in good standing and they are in compliance with all material terms and
      conditions of

                                       19

<PAGE>

      such permits; and (c) neither TransCore nor any of its Subsidiaries has
      received (i) any claim or notice of violation, lien, complaint, suit,
      order or other claim or notice to the effect that they are or may be
      liable to any Person as a result of (A) the environmental condition of any
      of their respective properties or any other property, or (B) the release
      or threatened release of any Hazardous Materials, or (ii) any letter or
      request for information under Section 104 of the Comprehensive
      Environmental Response, Compensation and Liability Act of 1980, as amended
      (42 U.S.C.Section 9604), or comparable state laws, and to the best of
      TransCore's knowledge, none of the operations of TransCore or its
      Subsidiaries are the subject of any Federal or state investigation
      evaluating whether any remedial action is needed to respond to a release
      or threatened release of any Hazardous Material at TransCore's or any of
      its Subsidiaries' properties or at any other location, including any
      location to which TransCore or its Subsidiaries has transported, or
      arranged for the transportation of, any Hazardous Materials.

            11.12. Taxes. TransCore and its Subsidiaries have filed or caused to
      be filed all federal, state and local tax returns which are required to be
      filed by it, and have paid or caused to be paid all taxes shown to be due
      and payable on such returns or on any assessments received by it,
      including payroll taxes.

            11.13. Labor and Employment. TransCore, its Subsidiaries and each
      Plan is in compliance in all material respects with those provisions of
      ERISA, the Internal Revenue Code, the Age Discrimination in Employment
      Act, and the regulations and published interpretations thereunder which
      are applicable to TransCore, its Subsidiaries or such Plan. As of the date
      hereof, no Reportable Event has occurred with respect to any Plan as to
      which TransCore or its Subsidiaries was required to file a report with the
      Pension Benefit Guaranty Corporation. No Plan has any material amount of
      unfunded benefit liabilities (within the meaning of Section 4001 (a)(I 8)
      of ERISA) or any accumulated funding deficiency (within the meaning of
      Section 302 (a)(2) of ERISA), whether or not waived, and neither TransCore
      nor any of its Subsidiaries has incurred or expects to incur any material
      withdrawal liability under Subtitle E of Title IV of ERISA to a
      Multi-employer Plan. No Plan of TransCore or its Subsidiaries obligates it
      to provide post-retirement medical benefits, except as may be required by
      the Consolidated Omnibus Budget Reconciliation Act of 1986. TransCore and
      its Subsidiaries are in compliance in all material respects with all labor
      and employment laws, rules, regulations and requirements of all applicable
      domestic and foreign jurisdictions. There are no pending or threatened
      labor disputes, work stoppages or strikes.

            11.14. Investment Company Act; Public Utility Holding Company Act.
      Neither TransCore nor any of its Subsidiaries is (a) an "investment
      company" within the meaning of the Investment Company Act of 1940, as
      amended or (b) a "holding company" or a "subsidiary company" of a "holding
      company" or an "affiliate" of a "holding company" or of a "subsidiary
      company" of a "holding company," within the meaning of the Public Utility
      Holding Company Act of 1935, as amended.

            11.15. Properties; Security Interests. TransCore and its
      Subsidiaries have good title to, or valid leasehold interests in all of
      the material assets and properties reflected in the balance

                                       20

<PAGE>

      sheet of TransCore as of January 31, 2001 delivered by TransCore to AIG
      Highstar, except for such properties as have been disposed of in the
      ordinary course of business, subject to no Liens except for Permitted
      Liens. All such assets and properties are in good repair, working order
      and condition and all such assets and properties are owned by TransCore
      free and clear of all Liens except for Permitted Liens. All real estate
      owned or leased by TransCore is listed on the attached "Properties
      Schedule."

            11.16. Intellectual Property; Licenses. TransCore and its
      Subsidiaries possess all Proprietary Rights necessary to conduct their
      business as heretofore conducted. All Proprietary Rights registered in the
      name of TransCore or any Subsidiary and applications therefor filed by
      TransCore or any Subsidiary are listed on the "Intellectual Property
      Schedule." No event has occurred that permits, or after notice or lapse of
      time or both would permit, the revocation or termination of any of the
      foregoing which taken in isolation or when considered with all other such
      revocations or terminations could result in a Material Adverse Effect.
      TransCore does not have notice or knowledge of any facts or any past,
      present or threatened occurrence that could preclude or impair TransCore's
      or any of its Subsidiaries' ability to retain or obtain any authorization
      necessary for the operation of its business.

            11.17. Solvency. Except as set forth in the "Solvency Schedule"
      attached to this Agreement, after giving effect to this Agreement, neither
      TransCore nor its Subsidiaries will be insolvent. TransCore and its
      Subsidiaries will be able to pay their debts as they become due and mature
      and are current on all debts, accounts payable and leases as of the date
      hereof other than such debts as are currently being disputed in good faith
      and which are disclosed on the attached "Solvency Schedule".

            11.18. Complete Disclosure. All factual information furnished by or
      on behalf of TransCore to AIG Highstar and TCC for purposes of or in
      connection with this Agreement is, and all other such factual information
      hereafter furnished by or on behalf of TransCore will be, true and
      accurate in all material respects on the date as of which such information
      is furnished and not incomplete by omitting to state any fact necessary to
      make such information not misleading at such time in light of the
      circumstances under which such information was provided.

            11.19. Side Agreements. Except as disclosed on the attached "Side
      Agreements Schedule," neither TransCore nor any Affiliate nor any
      director, officer or employee of TransCore or any Affiliate has entered
      into, as of the date hereof, any side agreement, either oral or written,
      with any individual or business, pursuant to which the director, officer,
      employee, Company or such Affiliate has agreed to do anything beyond the
      requirements of the formal, written contracts executed by TransCore.

            11.20. Size of Board of Directors of TCC. The number of members of
      the board of directors of TCC is three (3). Representatives of AIG
      Highstar shall constitute a majority of TCC's board of directors.

                                       21

<PAGE>

            SECTION 12. COVENANTS OF TRANSCORE AND TCC

            12.1. TCC Obligation Report. Within ten (10) days after the end of
      each month TransCore shall cause TCC to deliver to AIG Highstar a monthly
      report listing each TCC Obligation Notice delivered to AIG Highstar, the
      related amount of the TCC Obligation and the Eligible Bond, a brief
      description of the project that is the subject of the TCC Obligation, the
      expiry date of the TCC Obligation and the related Eligible Bond, and the
      identity of the Issuer.

            12.2. Notices. TransCore or TCC, as the case may be, shall promptly
      give notice in writing to AIG Highstar of the occurrence of any of the
      following:

                  (a)   any uncured material event of default by TransCore under
            any contract or other agreement that is the subject of an Eligible
            Bond and that could entitle an Eligible Obligee to accelerate the
            maturity of any obligation of TransCore or to exercise any other
            remedy against TransCore;

                  (b)   the commencement of any material litigation, proceeding
            or dispute affecting TransCore or TCC, or any dispute between
            TransCore or TCC, and any Person, under any Surety Bond Agreement,
            Eligible Bond or contract or agreement that is the subject of an
            Eligible Bond;

                  (c)   any material and adverse change in the financial
            position, operations, business or prospects of TransCore or TCC;

                  (d)   any default or event of default under the TransCore
            Credit Documents; and

                  (e)   any Change in Control of TransCore.

            12.3. Books and Records. Each of TransCore and TCC will maintain
      accurate and complete records and books of account with respect to all
      their operations in accordance with GAAP, and, upon two Business Day's
      notice, will permit officers or representatives of AIG Highstar to examine
      and make excerpts from such books and records at all reasonable times.

            SECTION 13. ADDITIONAL COVENANTS OF TCC

            13.1. Prohibited Activities. TCC shall not, without the affirmative
      consent of AIG Highstar do any of the following:

                  (a)   Engage in any business or activities other than those
            set forth in TCC's Certificate of Incorporation;

                                       22

<PAGE>

                  (b)   Incur any indebtedness, or assume or guaranty any
            indebtedness of any other entity, other than (i) indebtedness
            arising from salaries, fees and expenses to its professional
            advisors and counsel, directors, officers and employees, (ii) other
            indebtedness on account of incidentals or services supplied or
            furnished to TCC, (iii) TCC Obligations, (iv) Additional Letters of
            Credit, and (v) in the ordinary course of TCC's business as set
            forth in its Certificate of Incorporation;

                  (c)   Dissolve or liquidate, in whole or in part, consolidate
            or merge with or into any other entity or convey or transfer its
            properties and assets, substantially as an entirety to any entity
            other than as permitted by its Certificate of Incorporation;

                  (d)   Institute proceedings to be adjudicated bankrupt or
            insolvent, or consent to the institution of bankruptcy or insolvency
            proceedings against it or file a petition seeking, or consent to,
            reorganization, liquidation or relief under the Bankruptcy Code or
            state law relating to bankruptcy, insolvency, reorganization or
            dissolution, or consent to the appointment of a receiver,
            liquidator, assignee, trustee, sequestrator (or other similar
            official) of TCC or a substantial part of its property, or make an
            assignment for the benefit of creditors, or admit in writing its
            inability to pay its debts as they become due, or take corporate
            action in furtherance of any such action;

                  (e)   Repeal, amend or otherwise modify any provision of its
            Certificate of Incorporation or By-laws; or

                  (f)   Increase or reclassify the capital stock of TCC or issue
            any additional shares of capital stock of TCC.

            13.2. Separate Existence. TCC shall maintain its separate corporate
      existence and identity and shall take all steps necessary to make it
      apparent to third parties that TCC is an entity with assets and
      liabilities distinct from those of TransCore or any Affiliate of
      TransCore. TCC shall therefore, at all times: (i) promptly reimburse
      TransCore or any Affiliate of TransCore for all reasonable expenses paid
      or incurred by TransCore, any Affiliate or their personnel for or on
      behalf of TCC, including appropriate allocations of(x) salaries and
      benefits of those personnel performing services for TCC and (y) office
      space, overhead, computing and other expenses attributable to services
      performed for TCC, if any; (ii) maintain TCC's books, accounting records
      and other corporate documents and records separate from those of TransCore
      or any other entity; (iii) prepare any financial statements separately
      from those of TransCore and request that TransCore include certain
      footnotes in any consolidated financial statements issued by TransCore to
      the effect that TransCore contributed certain assets to TCC; (iv) maintain
      TCC's books of account and payroll (if any) separate from those of
      TransCore or any Affiliate of TransCore; (v) act solely in its corporate
      name and through its own authorized officers and. agents, invoices and
      letterhead; (vi) separately manage TCC's liabilities from those of
      TransCore or any Affiliate of TransCore and pay its own liabilities,
      including all administrative expenses, from its own separate assets; (vii)
      hold itself out as an entity; separate from TransCore and any Affiliate of
      TransCore

                                       23

<PAGE>

      and any other person; (viii) not commingle its assets with those of
      TransCore, any Affiliate of TransCore or any other person; and (ix) not
      pledge its assets for the benefit of any other person or make loans or
      advances to any other person. TCC shall abide by all corporate
      formalities, including the maintenance of current minute books, and shall
      cause any financial statements to be prepared in accordance with GAAP in a
      manner that indicates the separate existence of TCC and its assets and
      liabilities. Other than those liabilities associated with the issuance of
      Eligible Bonds, TCC shall not assume the liabilities of TransCore or any
      Affiliate of TransCore, and shall not guarantee the liabilities of
      TransCore or any Affiliate of TransCore.

            SECTION 14. ADDITIONAL COVENANTS OF TRANSCORE

            14.1. Members of the Board of Directors. Upon execution of this
      Agreement, and during the term of this Agreement, TransCore, as sole
      shareholder of TCC, shall cause two (2) persons designated by AIG Highstar
      to be appointed to the Board of Directors of TCC. In the event of a
      vacancy on the Board of Directors during the term of this Agreement caused
      by the resignation, withdrawal, or removal of any person designated by AIG
      Highstar to serve as a member of such Board of Directors, TransCore shall
      cause a person designated by AIG Highstar to replace such member.

            14.2. Size of Board of Directors. TransCore shall not increase the
      size of the board of directors of TCC to a number of members greater than
      three (3).

            14.3. Company Board of Directors. TransCore shall appoint one of the
      following individuals: F.I. Chong, Christopher H. Lee, Larry Mellinger, or
      David Pinkerton, as designated by AIG Highstar, to the TransCore Board of
      Directors and as a member of the audit committee thereof to serve until
      the earlier of (i) the termination or release of the AIG Highstar Payment
      Limit, including through 100% collateralization by TransCore of the AIG
      Payment Limit by delivery of Additional Letters of Credit, or (ii) a
      Qualified IPO.

            14.4. Operating Expenses. Other than the TCC Obligations, TransCore
      irrevocably agrees to pay all approved operating expenses of TCC,
      including, without limitation, any expenses that TCC may incur under its
      certificate of incorporation or bylaws regarding indemnification of
      directors and officers and advancement of expenses in connection with any
      action or proceeding in which indemnification may be available. A budget
      for operating expenses shall be approved on a quarterly basis by the Board
      of Directors of TCC and submitted to TransCore for review and approval not
      later than ten (10) Business Days before the beginning of each quarter.
      TransCore shall have the sole authority to approve or disapprove the
      annual operating budget and shall do so before the beginning of each year.

            14.5. Modification. Without the prior written consent of TCC and AIG
      Highstar, which consent shall not be unreasonably withheld, TransCore may
      not modify any Surety Bond Agreement with any Issuer, including, without
      limitation, modification of any reimbursement obligation, or modify the
      related Eligible Bond, except for any such modification that: (i) reduces

                                       24

<PAGE>

      the amount of the Eligible Bond, or (ii) alters the maturity of the
      Eligible Bond or the reimbursement obligation in the Surety Bond Agreement
      in a manner that, if such alterations were the original terms, the surety
      bond would not fail to qualify as an Eligible Bond. Notwithstanding the
      foregoing, AIG Highstar may withhold its consent to any such modification
      where such modification, in the sole judgment of AIG Highstar, may have a
      material adverse effect on AIG Highstar's rights hereunder.

            SECTION 15. INDEMNIFICATION.

            15.1. Indemnification by TransCore. TransCore hereby agrees to
      indemnify, defend and hold harmless AIG Highstar and TCC and their
      respective officers, directors, employees, agents and representatives
      ("Representatives"), and their respective successors and assigns in
      connection with any losses, claims, damages, liabilities and expenses,
      including AIG Highstar Payments, TCC Payments or reasonable attorneys'
      fees, to which AIG Highstar or TCC or their respective Representatives may
      become subject (other than as a result of the willful misconduct of any
      such Person), insofar as such, losses, claims, damages or liabilities (or
      actions in respect thereof) arise out of payment by AIG Highstar of any
      AIG Highstar Payment, payment by TCC of any TCC Obligation, material
      breach of any Environmental Law or by reason of any investigation,
      litigation or other proceedings related to or resulting from any act o1 or
      omission by, TransCore or its Affiliates or any TransCore or Affiliate
      Representative with respect to the Transaction or the Transaction
      Documents and to reimburse AIG Highstar, TCC and each such Person and
      Affiliate, upon demand, for any legal or other expenses incurred in
      connection with investigating or defending any such loss, claim, damage,
      liability, expense, or action. To the extent that the foregoing
      undertakings may be unenforceable for any reason, TransCore agrees to make
      the maximum contribution to the payment and satisfaction of indemnified
      liabilities set forth in this Section 15.1 which is permissible under
      applicable law. This indemnity and agreement to defend and hold harmless
      shall survive the termination of this Agreement or any other circumstances
      which might otherwise constitute a legal or equitable release or
      discharge, in whole or in part, of TransCore under this Agreement.

            SECTION 16. MISCELLANEOUS

            16.1. No Third Party Beneficiaries. The parties do not intend the
      benefits of this Agreement to inure to any third party. Notwithstanding
      anything contained herein or any conduct or course of conduct by any or
      all of the parties hereto, or their respective affiliated companies,
      agents or employees, before or after signing this Agreement, this
      Agreement shall not be construed as creating any rights, claims or causes
      of action against AIG Highstar or TCC, or any of their respective
      directors, officers, agents or employees in favor of any of creditors of
      TransCore.

            16.2. Survival of Representations and Warranties. All
      representations, warranties, covenants and agreements made in this
      Agreement and in any certificates delivered pursuant thereto shall survive
      the execution and delivery of this Agreement.

                                       25

<PAGE>

            16.3. Participations. AIG Highstar reserves the absolute right to
      assign all or any portion of its interests in this Agreement or to
      participate with other institutions in this Agreement on such terms and at
      such times as AIG Highstar may determine from time to time, all without
      any consent thereto or notice thereof by or to TCC; provided, however,
      that no assignment or participation of this Agreement by AIG Highstar
      shall relieve AIG Highstar of any liability hereunder.

            16.4. Miscellaneous. No failure by a party to comply with any
      provision or provisions of this Agreement, and no waiver on the part of
      any party in exercising any rights hereunder, shall operate as a waiver of
      any rights of such party. Tardiness in enforcing any provision hereof
      shall not be set up as a waiver by a party of any of its rights hereunder
      and all covenants on the part of the parties hereunder to be kept and
      performed may be enforced at any time.

            16.5. Notices. All notices and other communications shall have been
      duly given and shall be effective (i) when hand delivered, (ii) when
      transmitted via telecopy (or other facsimile device) to the numbers set
      forth below, (iii) the Business Day following the day on which the same
      has been delivered prepaid via a reputable national overnight air courier
      service, or (iv) the third Business Day following the day on which the
      same is sent by certified or registered mail, post prepaid, in each case
      to the respective parties at the address or telecopy number set forth
      below, or at such other address or telecopy number as such party may
      hereafter specify by written notice to the other party hereof:

      TRANSCORE/TCC:                       TRANSCORE HOLDINGS, INC

                                           TRANS CORE CREDIT CORPORATION
                                           8158 Adams Drive
                                           Liberty Center -  Building 200
                                           Hummelstown, Pennsylvania 17036
                                           Facsimile No. (717) 561-5919
                                           Attention: David Sparks

                       with a copy to:     8158 Adams Drive
                                           Liberty Center - Building 200
                                           Hummelstown, Pennsylvania 17036
                                           Facsimile No. (717) 561-5919
                                           Attention: Connie Wilson, Esquire

         AIG Highstar                      AIG HIGHSTAR CAPITAL, L.P.
                                           175 Water Street
                                           26th Floor
                                           New York, New York 10038
                                           Facsimile No. (212) 458-2222
                                           Attention:  Christopher H. Lee

                       with a copy to:     Milbank, Tweed, Hadley & McCloy LLP

                                       26

<PAGE>

                                           One Chase Manhattan Plaza
                                           New York, New York 10005
                                           Facsimile No. (212) 822-5106
                                           Attention: Joris Hogan, Esquire

            16.6. Conflicts Between Instruments. In the event of any conflict
      between the provisions of this Agreement and any other Transaction
      Document or any other document executed and/or delivered in connection
      with this Agreement, the provisions of this Agreement shall prevail,
      notwithstanding any provision in any other document to the effect that
      such other document shall be deemed controlling.

            16.7. Binding Effect. This Agreement shall be binding upon and inure
      to the benefit of the parties hereto and their respective successors and
      assigns, except that neither TransCore or TCC may assign nor transfer
      their respective rights hereunder without the prior written consent of AIG
      Highstar (which consent may be granted or withheld in AIG Highstar's sole
      and absolute discretion).

            16.8. Construction. This Agreement, and the rights and obligations
      of the parties hereunder, shall be governed by and construed and
      interpreted in accordance with, the domestic internal laws of the State of
      New York without regard to its rules pertaining to conflict of laws. The
      Section headings contained in this Agreement are for reference purposes
      only and shall not affect in any way the meaning or interpretation of this
      Agreement.

            16.9. Severability. Any provision contained in this Agreement that
      is prohibited or unenforceable in any jurisdiction shall, as to such
      jurisdiction, be ineffective to the extent of such prohibition or
      unenforceability without invalidating the remaining provisions hereof, and
      any such prohibition or unenforceability in any jurisdiction shall not
      invalidate or render unenforceable such provision in any other
      jurisdiction.

            16.10. Dispute Resolution.

                  (a)   Any and all disputes arising out of or in connection
            with the interpretation, performance, nonperformance or termination
            of this Agreement (a "Dispute"), in the first instance if possible,
            shall be settled by negotiation between the parties set forth in
            Section 16.5 of this Agreement, or their designee. To initiate
            Dispute resolution, a party shall send written notice describing the
            dispute to the other party ("Dispute Notice"). If the parties are
            unable to resolve the Dispute, it shall be submitted to mediation
            administered by the American Arbitration Association ("AAA") under
            its Commercial Mediation Rules, before resorting to arbitration or
            any other form of dispute resolution.

                  (b)   In the event any Dispute among the parties is not
            resolved under the

                                       27

<PAGE>

            process set forth in paragraph (a) of this Agreement:

                        A.    The Dispute shall be submitted by the parties to
arbitration under the Commercial Arbitration Rules of the American Arbitration
Association ("AAA Rules"). Judgment rendered by the arbitrators may be entered
in any court having jurisdiction thereof.

                        B.    Apply the substantive law of the State of New
York;

                        C.    Be conducted in New York, New York unless the
parties agree upon a different location;

                        D.    Be conducted by one neutral arbitrator selected by
mutual agreement of the parties; if the parties cannot agree upon an arbitrator,
the arbitrator shall be selected as set forth in the AAA Rules.

                        E.    The parties shall participate in a pre-hearing
exchange of information by the parties, including, without limitation,
production of requested documents, exchanging of summaries of testimony of
proposed witnesses and examination by deposition of parties, limited to no
longer than 6 hours per deponent absent agreement of the parties. This
pre-hearing exchange of information shall be governed by the Federal Rules of
Civil Procedure.

                        F.    Each party shall bear its individual costs, such
as, but not limited to, travel, to the arbitration, witness fees and expenses,
and legal representation at the arbitration. All other expenses of the
arbitration shall be borne equally by the parties;

                        G.    The arbitrator's award shall be in writing and
shall specify the factual and legal bases for the award;

                        H.    The arbitrator will have no authority to issue an
injunction or to award punitive or other damages not measured by the prevailing
party's actual damages and may not, in any event, make any ruling, finding, or
award that does not conform to the terms and conditions of this Agreement and
any other related contract.

                        I.    Each party to this Agreement agrees to maintain
the confidentiality of any mediation or arbitration proceedings, including the
existence of any such proceeding and all aspects of matters considered therein,
to the maximum extent permitted by law. In the event of any court or other
public proceeding involving matters subject to an arbitration or mediation, the
parties agree to take all procedural actions to maintain the confidentiality of
documents relating to the arbitration or mediation.

                  (c)   Appeal Rights:

                                       28

<PAGE>

                        A.    Any party may appeal the arbitrator's award to an
appellate arbitrator by filing with the AAA, within twenty days after
transmittal of the award, a written brief, not to exceed twenty pages, stating
the reasons why the panel's decision should be reversed or modified. The
opposing party shall file with the AAA and serve on the appealing party, within
twenty days after receiving the appeal brief, an opposition brief, not to exceed
twenty pages.

                        B.    The appellate arbitrator shall be appointed
directly by the AAA, without submission of lists of proposed arbitrators, and
shall be a retired judge of a court of record in the state in which the
arbitration was held.

                        C.    Any party may request oral argument, which must be
conducted within fourteen days following the submission of the final brief. The
appellate arbitration shall be based only on the record of the initial hearing
and oral argument, if any. The appellate arbitrator shall render a written
decision affirming, reversing, modifying, or remanding the arbitrator's decision
within twenty days after receiving the final appellate submissions. The
appellate arbitrator may reverse, modify, or remand the matter for further
proceedings by the arbitrator only on one of the following grounds:

                              i.    any ground specified in 9 U.S.C.Section 10
                                    or 11;

                              ii.   if the award contains material errors of
                                    applicable law; or

                              iii.  if the award is arbitrary or capricious.

                        D.    The appellate arbitrator may render a final
decision on the appeal or remand the matter for further proceedings by the
arbitrator.

                  (d)   Upon the application of any party, and whether or not an
            arbitration proceeding has been initiated, all courts having
            jurisdiction are authorized to:

                        A.    Issue and enforce in any lawful manner such
temporary restraining orders, preliminary injunctions and other interim measures
of relief as may be necessary to prevent harm to a party's interests or as
otherwise may be appropriate pending the conclusion of arbitration proceedings
pursuant to this Agreement; and/or

                        B.    Enter and enforce in any lawful manner such
judgment for permanent equitable relief as may be necessary to prevent harm to a
party's interest or as otherwise may be appropriate following the issuance of
the arbitrators awards pursuant to this Agreement.

            16.11. Attorneys Fees. In the event any action or lawsuit is brought
      by either party in connection with this Agreement, the prevailing party in
      such proceeding shall be entitled to receive its costs, expert witness
      fees and reasonable attorneys' fees.

                                       29

<PAGE>

            16.12. Counterparts. This Agreement may be executed in any number of
      counterparts with the same effect as if the signatures thereto and hereto
      were upon the same instrument, but all of such counterparts taken together
      shall be deemed to constitute one and the same instrument.

            16.13. Further Actions. Each party shall execute and deliver such
      documents and instruments, and take such other actions, as the other
      parties deem necessary to consummate the transactions described in this
      Agreement and carry out the purpose thereof, including providing any
      requested information or certification as an Issuer may reasonably
      request. In addition, upon reduction of the AIG Highstar Payment
      Commitment from $20 million to $4 million, TransCore shall take all
      actions necessary to obtain Additional Letters of Credit to secure TCC
      Obligations that are no longer secured by the AIG Highstar Payment
      Commitment.

            16.14. Entire Agreement. This Agreement represents the entire
      agreement between TransCore, TCC and AIG Highstar with respect to the
      transactions to which they relate, and cannot be changed or amended except
      by an agreement in writing signed by the party against whom enforcement of
      the change or amendment is sought.

            16.15. Confidentiality. Neither the form, substance nor existence of
      this Agreement shall be revealed to any Person other than KRG Capital
      Partners, L.L.C., members of the board of directors of TransCore, holders
      of TransCore's Senior Funded Indebtedness (as defined in the TransCore
      Credit Documents) and Subordinated Indebtedness (as defined in the
      TransCore Credit Documents), shareholders of TransCore, insurers,
      sureties, investment bankers, securities and debt analysts, persons
      involved in the marketing and sale of TransCore securities, prospective
      investors in TransCore, potential acquirers of TransCore, and the parties
      hereto and their respective advisors, except as may be required to fulfill
      any regulatory disclosure requirements in connection with a Qualified IPO,
      subsequent securities law disclosure obligations or as otherwise required
      by law or as may be required in connection with the preparation of
      TransCore's financial statements in accordance with GAAP. This Agreement
      also may be disclosed to other parties with a business need to know of its
      existence and terms provided the party seeking to disclose this Agreement
      obtains the written consent of the other parties to this Agreement, which
      consent shall not be unreasonably withheld.

         [THE REMAINDER OF THIS PAGE HAS INTENTIONALLY BEEN LEFT BLANK]

                                       30

<PAGE>

      IN WITNESS WHEREOF the parties have caused this Agreement to be duly
executed and delivered by their proper and duly authorized officers as of the
day and year first above

                                  AIG HIGHSTAR CAPITAL L.P.

                                  By: AIG Highstar Capital GP, L.P., its
                                  general partner

                                  By: AIG Highstar Capital Management LLC, its
                                  general partner

                                  By:  AIG Global Investment Corp., a member

                                  By:___________________________________________
                                           Managing Partner

                                  TRANSCORE HOLDINGS, INC.

                                  By: /s/ David G. Sparks
                                      ------------------------------------------
                                      David G. Sparks, Executive Vice President

                                  TRANSCORE CREDIT CORPORATION

                                  By: /s/ David G. Sparks
                                      ------------------------------------------
                                      David G. Sparks, Vice President

                                       31

<PAGE>

IN WITNESS WHEREOF the parties have caused this Agreement to be duly executed
and delivered by their proper and duly authorized officers as of the day and
year first above

                                  AIG HIGHSTAR CAPITAL L.P.

                                  By: AIG Highstar Capital GP, L.P., its
                                  general partner

                                  By: AIG Highstar Capital Management LLC, its
                                  general partner

                                  By:  AIG Global Investment Corp., a member

                                  By: /s/_______________________________________
                                            Managing Partner

                                  TRANSCORE HOLDINGS, INC.

                                  By: __________________________________________
                                       David G. Sparks, Executive Vice President

                                  TRANSCORE CREDIT CORPORATION

                                  By:
                                     David G. Sparks, Vice President

                                       32

<PAGE>

                                    EXHIBIT A

         TRANSCORE CREDIT CORPORATION OBLIGATION NOTICE NUMBER _________

AIG Highstar Capital L. P.
175 Water Street
26th Floor
New York, New York 10038
Attention: Christopher H. Lee

(INSERT ADDRESS OF ISSUER)

Ladies and Gentlemen:

      Reference is made to the Irrevocable Funding, Warrant Purchase and
Reimbursement Agreement dated as of October __, 2002 among AIG Highstar Capital
L. P, TransCore Holdings, Inc. and TransCore Credit Corporation (the
"Agreement"). All capitalized terms used herein and not defined shall have the
meaning ascribed to such term in the Agreement.

      A TCC Obligation in the amount of $____________ has been created by
execution of a Surety Bond Agreement among _____________, as Issuer, TransCore
and TCC and the related issuance of an Eligible Bond of like amount to
__________________, as Eligible Obligee. The expiry date of the TCC Obligation
and the related Eligible Bond is ______________, 200_.

                                           Very truly yours,

                                           TRANSCORE CREDIT CORPORATION

                                           By:________________________
                                            (Signature by Authorized Officer)

<PAGE>

                                    EXHIBIT B

                       SUBSTITUTE LETTER OF CREDIT NOTICE

AIG Highstar Capital L. P.
175 Water Street
26th Floor
New York, New York 10038
Attention:  Christopher H. Lee

(INSERT ADDRESS OF ISSUER)

Ladies and Gentlemen:

      Reference is made to the Irrevocable Funding, Warrant Purchase and
Reimbursement Agreement dated as of October_, 2002 among AIG Highstar Capital L.
P., TransCore Holdings, Inc. and TransCore Credit Corporation (the "Agreement").
All capitalized terms used herein and not defined shall have the meaning
ascribed to such term in the Agreement.

      Pursuant to Section 3.4 of the Agreement, ______________, a proposed
Issuer of an Eligible Bond, has made a written request for a Substitute Letter
of Credit in the stated amount of $___________________ which is equal to or less
than the amount of the proposed Eligible Bond. Please cause a Substitute Letter
of Credit in such amount to be delivered on or before ________, 200_ [12
Business Days from the date hereof] to the undersigned naming [the
undersigned]/[the Issuer] as beneficiary.

                                           Very truly yours,

                                           TRANSCORE CREDIT CORPORATION

                                           By:__________________________________
                                              (Signature by Authorized Officer)

<PAGE>

                                    EXHIBIT C

                            FORM OF LETTER OF CREDIT

<TABLE>
<CAPTION>
                                                                               LETTER OF
OUR CREDIT NO.             ISSUE DATE                    EXPIRY DATE         CREDIT AMOUNT
--------------             ----------                    -----------         -------------
<S>                        <C>                           <C>                 <C>
                           __________, 200_                                  $____________

BENEFICIARY                                              APPLICANT

[TransCore Credit Corporation]/[Issuer]                  AIG Highstar Capital, L. P.
</TABLE>

Dear Beneficiary:

      At the request, on the instructions and for the account of our customer
AIG Highstar Capital L. P., a Delaware limited partnership ("AIG Highstar"),
with a business address at 175 Water Street, 26th Floor, New York, New York
10036, we (the "Bank") hereby establish our Irrevocable Letter of Credit No.
_______ (the "Letter of Credit") in your favor, pursuant to Section 3.4 of the
Irrevocable Funding, Warrant Purchase and Reimbursement Agreement dated as of
October __, 2002 among AIG Highstar, TransCore Holdings, Inc. and TransCore
Credit Corporation (the "Agreement"). This Letter of Credit is irrevocable and
issued with respect to the surety bond issued by
_________________________________ (the "Issuer") in the amount of
_______________________ (the "Eligible Bond").

      This Irrevocable Letter of Credit is issued in the aggregate initial
amount of ________ Million _________ Hundred ___________ Thousand __________
Hundred ____________ Dollars ($_______________) (such amount, as reduced and
reinstated from time to time in accordance with the provisions hereof, the
"Stated Amount") may be drawn upon immediately and shall expire on _____________
(the "Expiration Date").

      Subject to the foregoing and the further provisions of this Letter of
Credit, a demand for payment may be made by you under this Letter of Credit
against your sight draft(s) drawn on us, signed by an Authorized Officer stating
on its face the clause, "Drawn under ________Bank, Irrevocable Letter of Credit
No. _______"and accompanied by your written certificate in the form of Exhibit A
attached hereto appropriately completed and signed by an Authorized Officer.
Presentation of such sight draft and certificate shall be made by writing
(including telecopier) at our office located at
__________________________________, Attention: _______________________ or at any
other office that may be designated by us by written notice delivered to you.

      Demands for payment may be made by you under this Letter of Credit on or
prior to the expiration hereof at any time during our business hours on a
Business Day at the address at which your sight draft(s) is (are) to be
presented in accordance with the terms hereof. As used herein the term "Business
Day" means any day other than (i) a Saturday or Sunday, (ii) a legal holiday on
which banking institutions in the State of New York are authorized or required
by law to close, or (iii) a day on which the

<PAGE>

New York Stock Exchange is closed. If your sight draft accompanied by documents
conforming to the terms and conditions of this Letter of Credit is made by you
at or prior to 12:00 noon (Eastern Time) on a Business Day, such draft will be
honored by us by 12:00 noon (Eastern Time) on the next succeeding Business Day.
If your sight draft accompanied by documents conforming to the terms and
conditions of this Letter of Credit is made by you after 12:00 noon (Eastern
Time) on a Business Day, such draft will be honored by us by 12:00 noon (Eastern
Time) on the second succeeding Business Day. Payment of any draft indicating a
payment date which is not a Business Day as defined herein will be effected the
next succeeding Business Day. If a demand for payment made by you hereunder does
not, in any instance, conform to the terms and conditions of this Letter of
Credit, we shall give you prompt notice that the purported negotiation was not
effected in accordance with the terms and conditions of this Letter of Credit,
stating the reasons therefor and that we are holding any documents at your
disposal or are returning the same to you, as we may elect. Upon being notified
that the purported negotiation was not effected in conformity with this Letter
of Credit, you may attempt to correct any such nonconforming demand for payment
if, and to the extent that, you are entitled (without regard to the provisions
of this sentence) and able to do so.

      Demands for payment hereunder honored by us shall not, in the aggregate,
exceed the Stated Amount, as the Stated Amount may have been reduced by us or
reinstated by us as provided below. Subject to the reinstatement effected in
accordance with the terms hereof, each drawing honored by the Bank hereunder
shall reduce the Stated Amount, it being understood that after the effectiveness
of any such reduction you shall no longer have any right to make a drawing
hereunder in respect of the amount corresponding thereto.

      Upon reimbursement to us of any drawing hereunder by AIG Highstar of all
amounts paid by us pursuant to such drawing, a like amount of this Letter of
Credit shall be reinstated.

      Only you may make a drawing under this Letter of Credit. Upon the payment
to you, to your designee or to your order of the amount specified in a sight
draft drawn, we shall not thereafter be obligated to make any further payments
under this Letter of Credit with respect to such sight draft to you or any other
person. By paying to you an amount demanded in accordance herewith, we make no
representation as to the correctness of the amount demanded.

      Payments made by us hereunder will be made to you in immediately available
funds and out of our funds, and not, directly or indirectly, out of funds or
other assets of AIG Highstar.

      This Letter of Credit shall automatically terminate and be delivered to
the Bank for cancellation, at 4 p.m. (Eastern Time) on the date which is the
earliest of (i) upon receipt of your certificate in the form of Exhibit B signed
by an Authorized Officer and the honoring by us of the final drawing available
to be made hereunder, (ii) five calendar days after the date upon which we
receive your certificate in the form of Exhibit B signed by an Authorized
Officer with respect to receipt of a replacement letter of credit, and (iii)
______________, _________, the stated Expiration Date. This Letter of Credit
shall be promptly surrendered to us by you upon such termination.

      Communications with respect to this Letter of Credit shall be in writing
and shall be addressed to us at _______________________________, Attention:
Standby Letter of Credit Department, __________________________________,
specifically referring thereon to this Letter of Credit by number.

                                        2

<PAGE>

      As used herein "Authorized Officer" shall mean any person signing as your
President, or one of your Vice Presidents. Other capitalized terms used herein
but not defined herein shall have the same meanings as in the Agreement.

      This Letter of Credit sets forth in full our undertaking, and such
undertaking shall not in any way be modified, amended, amplified or limited by
reference to any document, instrument or agreement referred to herein, except
only the certificate(s) and sight draft(s) referred to herein; and any such
reference shall not be deemed to incorporate herein by reference any document,
instrument or agreement except for such certificate(s) and such sight draft(s).

      To the extent not inconsistent with the express terms of this Letter of
Credit, this Letter of Credit shall be governed by, and construed in accordance
with, the International Standby Practices (1998), International Chamber of
Commerce Publication No. 590 ("ISP98"). As to matters not covered by the ISP98,
this Letter of Credit shall be governed by the laws of the State of New York,
including, to the extent not inconsistent with the lSP98, the Uniform Commercial
Code as in effect in the State of New York.

                                               Very truly yours,

                                        3

<PAGE>

                                                          EXHIBIT A TO EXHIBIT C

                             CERTIFICATE FOR DRAWING

                                                                          [Date]

________________________

________________________

________________________

Attention: Standby Letter of Credit Department

Re:   Irrevocable Letter of Credit No.

      The undersigned, a duly authorized officer of TransCore Credit Corporation
("TCC"), hereby certifies to ___________ Bank (the "Bank") with reference to the
Bank's Irrevocable Letter of Credit No. _______ (the "Letter of Credit") (any
capitalized terms used herein and not defined shall have its respective meaning
as set forth in the Letter of Credit issued by the Bank in favor of TCC or the
Agreement defined therein) that:

TCC is making a drawing under the above-referenced Letter of Credit in the
amount of $ ________ with respect to payment of a TCC Obligation pursuant to
Section 4.01 of the Agreement.

The amount of the sight draft accompanying this certificate hereby does not
exceed the Stated Amount or the amount available on the date hereof to be drawn
under the above-referenced Letter of Credit in respect of the Eligible Bond to
which it relates.

Upon receipt by the undersigned of the amount demanded hereby, (a) the
undersigned will transfer such amount to the Issuer of the Eligible Bond
pursuant to the Agreement, (b) no portion of said amount shall be applied by the
undersigned for any other purpose and (c) no portion of said amount shall be
commingled with other funds held by the undersigned.

      IN WITNESS WHEREOF, TCC has executed and delivered this Certificate as of
the __________ day of __________________, 20__.

                                           TRANS CORE CREDIT CORPORATION

                                           By:__________________________________
                                           Title:

<PAGE>

                                                          EXHIBIT B TO EXHIBIT C

                                                                  __________Bank
                                                    Irrevocable Letter of Credit
                                                                       No. _____

                             TERMINATION CERTIFICATE

      The undersigned, a duly authorized officer of TransCore Credit Corporation
("TCC"), hereby certifies as follows to ____________ Bank, as issuer of the
above-referenced letter of credit (the "Letter of Credit").

      SECTION 1. ALL TERMS DEFINED IN THE LETTER OF CREDIT ARE USED HEREIN WITH
THE SAME MEANINGS.

      SECTION 2. WE HEREBY REQUEST TERMINATION OF THE LETTER OF CREDIT SUBMITTED
HEREWITH FOR THE FOLLOWING REASON [STATE ONE OF THE FOLLOWING]:

      2.1.  The draft or demand accompanying this Certificate is the final draft
or demand to be drawn under the Letter of Credit and, upon the honoring of such
draft or demand, we will surrender the Letter of Credit to the Bank for
cancellation;

      2.2.  The conditions precedent to the acceptance of a replacement letter
of credit have been satisfied and we have has accepted the replacement letter of
credit; or

      2.3.  The Eligible Bond to which this Letter of Credit relates no longer
remains outstanding.

Dated:__________________                   TRANSCORE CREDIT CORPORATION

                                           By:__________________________________
                                           Title:

<PAGE>

                                    EXHIBIT D

                TRANSCORE CREDIT CORPORATION PAYMENT CERTIFICATE

TransCore Credit Corporation
8158 Adams Drive
Liberty Center-Building 200
Hummelstown, Pennsylvania 17036
Attention: Mr. David Sparks

Ladies and Gentlemen:

      Reference is made to the Irrevocable Funding, Warrant Purchase and
Reimbursement Agreement dated as of October __, , 2002 among AIG Highstar
Capital, L. P., TransCore Holdings, Inc. and TransCore Credit Corporation (the
"Agreement") and the Surety Bond Agreement dated _________ among _________, as
Issuer, TransCore and TCC. All capitalized terms used herein and not defined
shall have the meaning ascribed to such term in the Agreement. __________, as
Issuer, has made a payment, or is obligated to make a payment, to ___________,
as Eligible Obligee under the Eligible Bond in the amount of $____________ .
Pursuant to Section 4.1 of the Agreement, TransCore hereby makes demand for
payment from TCC in the amount of $___________. In accordance with the terms of
Sections 4.3 and 4.4 of the Agreement, please wire funds for the account of
TransCore to ______________________[Insert financial institution and account
number].

                                           Very truly yours,

                                           TRANSCORE HOLDINGS, [NC.

                                           By: _________________________________
                                               (Signature by Authorized Officer)

<PAGE>

                                    EXHIBIT E

                  AIG HIGHSTAR CAPITAL L.P. PAYMENT CERTIFICATE

AIG Highstar Capital L. P.
175 Water Street
26th Floor
New York, New York 10038
Attention: Christopher H. Lee

      Ladies and Gentlemen:

            Reference is made to the Irrevocable Funding, Warrant Purchase and
Reimbursement Agreement dated as of October __, 2002 among AIG Highstar Capital
L. P, TransCore Holdings, Inc. and TransCore Credit Corporation (the
"Agreement") and TransCore Credit Corporation Obligation Notice Number __. All
capitalized terms used herein and hot defined shall have the meaning ascribed to
such term in the Agreement or TransCore Credit Corporation Obligation Notice
Number __, as the context may require.

      _________, as Issuer, has made a payment, or is obligated to make a
payment, to _________, as Eligible Obligee under the Eligible Bond in the amount
of $__________. TCC is obligated to make a payment to the Issuer (or the
Eligible Obligee as the Issuer's assignee) in the amount of $_____________. All
Additional Letters of Credit have been fully drawn upon in accordance with their
terms. Therefore, pursuant to Section 5.1 of the Agreement, TCC hereby makes
demand for payment from AIG Highstar in the amount of $___________. In
accordance with the terms of Sections 5.3 and 5.4 of the Agreement, please wire
funds for the account of TCC to ______________________[Insert financial
institution and account number].

                                           Very truly yours,

                                           TRANSCORE CREDIT CORPORATION

                                           By:__________________________________
                                              (Signature by Authorized Officer)

<PAGE>

                                    EXHIBIT F

                          TRANSCORE PAYMENT CERTIFICATE

TransCore Holdings, Inc.
8158 Adams Drive
Liberty Center-Building 200
Hummelstown, Pennsylvania 17036
Attention: Mr. David Sparks

      Ladies and Gentlemen:

            Reference is made to the Irrevocable Funding, Warrant Purchase and
Reimbursement Agreement dated as of October __, 2002 among AIG Highstar Capital,
L. P., TransCore Holdings, Inc. and TransCore Credit Corporation (the
"Agreement") and the Surety Bond Agreement dated _________ among _________, as
Issuer, TransCore and TCC. All capitalized terms used herein and not defined
shall have the meaning ascribed to such term in the Agreement.

AIG Highstar has made an AIG Highstar Payment to TCC pursuant to Section 5.1 of
the Agreement. Pursuant to Section 6.2 of the Agreement, AIG Highstar hereby
makes demand for payment from TransCore in the amount of $__________. In
accordance with the terms of Section 6.4 of the Agreement, please wire funds for
the account of AIG Highstar to ______________________[Insert financial
institution and account number].

                                           Very truly yours,

                                           AIG HIGHSTAR CAPITAL, L. P.

                                           By: _________________________________
                                               (Signature by Authorized Officer)

<PAGE>

                                    EXHIBIT G

                               CLOSING CERTIFICATE

      I, Claudia F. Wiegand, hereby certify that I am the duly appointed
Executive Vice President of TRANSCORE HOLDINGS, INC., a Delaware corporation
(the "Corporation"), and I am delivering this Certificate to AIG HIGHSTAR
CAPITAL, L.P. ("AIG Highstar"), in my capacity as Executive Vice President of
the Corporation pursuant to that certain Irrevocable Funding, Warrant Purchase
and Reimbursement Agreement dated October __, 2002, by and among the
Corporation, TransCore Credit Corporation and AIG Highstar (the "Irrevocable
Funding Agreement") and hereby certify to AIG Highstar that:

            1. TransCore has discovered accounting irregularities at the time of
            the acquisition of Viastar Holdings, Inc. ("Viastar") and for the
            fiscal years ending January 31, 2001 and January 31, 2002 in the
            accounts receivable, accounts payable, cash and possibly other
            balance sheet accounts of Viastar (the "Irregularities"). TransCore,
            for accounting purposes, has now treated Viastar as a discontinued
            operation and incurred a charge of approximately $40 million (the
            "Discontinued Operations Charge"). The Senior Lender and Purchasers
            (as defined under the Note Purchase Agreement) have waived any
            Default or Event of Default caused by the breach of any
            representation or warranty made in either the Credit Agreement or
            Sub-Debt Note Purchase Agreements, as the case may be, to the extent
            such breach is due solely to the Irregularities or the Discontinued
            Operations Charge.

      IN WITNESS WHEREOF, the undersigned has executed this Officer's
Certificate this _st day of October, 2002.

                                                __________________________
                                                Name:
                                                Title: President

I, _________________, as Secretary of TRANSCORE CREDIT CORPORATION, a Delaware
corporation, hereby certify that appearing above is a true and correct signature
of ___________, the President of TRANSCORE CREDIT CORPORATION.

      Dated this __ day of October, 2002.

                                                ____________________________
                                                Name:
                                                Title: Secretary<PAGE>

                                                                    EXHIBIT 10.1

                               SEVERANCE AGREEMENT

      THIS SEVERANCE AGREEMENT (the "Agreement") is made this 20 day of April,
2004 and shall become effective (the "Effective Date") upon the Closing (as
defined in the Merger Agreement dated April 20, 2004 between Omega Financial
Corporation and Sun Bancorp, Inc. (the "Merger Agreement")), by and between
OMEGA FINANCIAL CORPORATION, a corporation organized under the laws of
Pennsylvania ("Employer") and THOMAS W. BIXLER, an individual ("Employee").

                                   BACKGROUND

      Effective as of the Effective Date, Employer is employing Employee in the
position of Senior Vice President-Head of Commercial Lending. In consideration
of Employee's services to Employer, Employer desires to provide for the payment
of certain compensation and other benefits to Employee upon the occurrence of
certain events, all as more fully set forth below.

      In consideration of the mutual covenants and agreements herein contained,
and intending to be legally bound hereby, the parties agree as follows:

      1.    Term. The term of this Agreement shall commence on the Effective
Date and shall continue until November 2, 2004 (the "Initial Term"), unless
renewed or unless terminated earlier, as hereinafter provided. During the
Initial Term of this Agreement, the Board of Directors of Employer shall review
and monitor the performance of Employee, and prior to the end of the Initial
Term of this Agreement, i.e., prior to November 2, 2004 if the Board concludes
that it does not wish to extend the term of this Agreement beyond the expiration
of the Initial Term, the Board shall so notify Employee, in which event this
Agreement shall terminate at the end of the Initial Term. In default of such
notice by the Board of Directors, the Initial Term of this Agreement shall
automatically be extended for two (2) years so that the Term of this Agreement
shall then end on November 2, 2006. Thereafter, the term of this Agreement shall
continually be extended for successive renewal terms of one (1) year each unless
the Board of Directors notifies Employee prior to the end of the first 12-month
period of each such renewal term that it does not wish to extend the term of
this Agreement beyond the expiration of the then current two (2) year term, in
which event this Agreement shall terminate at the expiration of the then current
term. Hereafter in this Agreement, the Initial Term, plus all successive renewal
terms, shall be collectively referred to as the "Term." At no time shall the
current Term of this Agreement be for a period in excess of two (2) years.

      Anything in this Agreement to the contrary notwithstanding, this Agreement
and the Term, if not previously terminated by the Board of Directors as set
forth above, shall terminate on the earliest of the following dates: (a) the
date Employee dies or becomes permanently disabled (i.e., upon his failure to
render services of the character which he had previously rendered to Employer,
because of his physical and mental illness or other incapacity beyond his
control for a continuous period of six months (or for shorter periods
aggregating six months in any twelve month period); (b) termination of
Employee's employment with Employer for Cause (as hereinafter defined); (c) upon
mutual agreement of Employer and Employee; (d) subject to

<PAGE>

Section 2 hereof, termination by retirement or otherwise; or (e) upon the
Employee reaching sixty-five (65) years of age. In the event the Employee's
employment with Employer is terminated during the Term other than as set forth
in Section 2 hereof, the Employee shall have no rights or benefits under this
Agreement. For purposes of this Agreement, the term "Cause" shall mean (i)
conviction of Employee for any felony, fraud or embezzlement or (ii) Employee
failing or refusing to comply with the written policies or directives of
Employer's Board of Directors or the Employee being guilty of misconduct in
connection with the performance of his duties for Employer and the Employee
fails to cure such non-compliance or misconduct within twenty (20) days after
receiving written notice from Employer's Board of Directors specifying such
non-compliance or misconduct.

      2.    Termination. If during the Term, Employee's employment with Employer
is terminated as set forth below, Employer will pay to Employee the amounts set
forth in Sections 3 and 4 hereof and Employee shall be entitled to the benefits
set forth in Section 4 hereof:

            (a)   Employer terminates Employee's employment with Employer
without Cause; or

            (b)   the Employee terminates Employee's employment with Employer
(a) for any reason, whether with or without Cause, at any time within two (2)
years after a Change in Control of Employer (as defined hereinafter), or (b) due
to the fact that without Employee's consent and whether or not a Change in
Control of Employer has occurred, the nature and scope of Employee's authority
with Employer or the surviving or acquiring person are materially reduced to a
level below that which he enjoys on the date hereof, the duties or
responsibilities assigned to him are materially inconsistent with that which he
has on the date hereof, his then current base annual salary is materially
reduced to a level below that which he enjoys on the date hereof or at any time
hereafter (whichever may be greater), the fringe benefits which Employer
provides Employee on the date hereof or at any time hereafter (whichever may be
greater) are materially reduced, Employee's position or title with Employer or
the surviving or acquiring person is reduced from his current position or title
with Employer, or Employee's principal place of employment with Employer is
changed to a location greater than ninety (90) miles from his current principal
place of residence, provided, however, that for any termination by Employee
under this clause, (b) the Employee shall have first given Employer ten (10)
days' written notice of his intention to terminate his employment pursuant to
this subsection (ii), specifying the reason(s) for such termination, and
provided further, that Employer shall not have cured or remedied the reason(s)
specified in such notice prior to the expiration of such ten(10) day period.

      For the purposes of this Agreement, a "Change in Control of Employer"
shall mean a change in control of Employer of a nature that would be required to
be reported in response to Item 6(e) of Schedule 14A of Regulation 14A
promulgated under the Securities Exchange Act of 1934, as amended, as enacted
and in force on the date hereof, whether or not Employer is subject to such
reporting requirement; provided that, without limitation, such a Change of
Control shall be deemed to have occurred if (i) any persons, other than those
persons in control of Employer on the date hereof, acquires the power, directly
or indirectly, to direct the management or policies of Employer or to vote
twenty-five percent (25%) or more of any class of voting securities of Employer;
or (ii) within any period of three (3) consecutive years during the Term

<PAGE>

of this Agreement, individuals who at the beginning, of such period constitute
the Board of Directors of Employer cease for any reason to constitute at least a
majority thereof.

      3.    Compensation Payments to Employee. Commencing not later than thirty
(30) days after the date that Employee's employment with Employer is terminated
pursuant to Section 2 hereof (the "Termination Date") and subject to Employee's
compliance with Section 8 hereof, Employer shall pay annual compensation to
Employee for a period of three years following the Termination Date at a per
annum rate equal to one hundred percent (100%) of the amount of the Employee's
Highest Annual Compensation during the two (2) calendar years ending prior to
the Termination Date (the "Measurement Period"). For purposes of this Agreement,
the term "Highest Annual Compensation" shall mean the Employee's highest annual
cash compensation during the Measurement Period, including cash bonuses under
Employer's bonus plans, but excluding other fringe benefits. Employer agrees
that it will make the payments due under this Section 3 on the first day of each
month following the Termination Date in an amount equal to 1/12 of 100% of
Employee's Highest Annual Compensation. The payments and benefits required by
Sections 3 and 4 hereof shall continue despite the fact that, after the
Termination Date, the Term of this Agreement may have expired pursuant to
Section 1. The payments required by this Section 3 shall not be offset or
reduced by any income or earnings received from any other employment or other
activity the Employee may engage in during such three year period. Employee
shall have no duty to mitigate damages.

      4.    Other Benefits. In addition to the compensation set forth in Section
3 hereof, Employee shall be entitled to receive benefits from Employer as set
forth in this Section 4. For the periods set forth below, following the
Termination Date, Employee shall be entitled to participate in the following
programs of Employer:

            (a)   All medical, hospitalization and life insurance benefits shall
be continued for a period of three years except that should subsequent
employment be accepted during the three (3) year period following the
Termination Date, continuation of any medical, hospitalization and life
insurance benefits will be offset by coverages provided through the Employee's
subsequent employer.

            (b)   If not paid by a new employer, for a period of one (1) year
following the Termination Date, reimbursement for all reasonable relocation
expenses incurred by Employee in connection with securing new employment;
provided, however, in no event shall Employer be obligated to reimburse Employee
hereunder in excess of 1/3 of his Highest Annual Compensation.

      5.    Withholding. Employer may withhold from any benefits payable under
this Agreement all federal, state, city or other taxes as shall be required
pursuant to any law or governmental regulation or ruling.

      6.    Source of Payment. Except as set forth in Section 14 hereof, all
payments provided under this Agreement shall be paid in cash from the general
funds of Employer, no special or separate fund shall be required to be
established by Employer and the Employee shall have no right, title or interest
whatsoever in or to any investment which Employer may make to aid Employer in
meeting its obligations hereunder. Nothing contained in this Agreement, and no

<PAGE>

action taken pursuant to its provisions, shall create or be construed to create
a trust of any kind or a fiduciary relationship between Employer and Employee or
any other person.

      7.    (a) No Assignment. Neither this Agreement nor any right or interest
hereunder shall be assignable by Employee or his legal representatives without
Employer's prior written consent.

            (b)   Attachment. Except as required by law, the right to receive
payments under this Agreement shall not be subject to anticipation, sale,
encumbrance, charge, levy, or similar process or assignment by operation of law.

      8.    Confidentiality and Non-Competition. All payments to Employee under
this Agreement shall be subject to Employee's compliance with the provisions of
this Section 8. If Employee fails to comply with such provisions, his right to
any future payments under this Agreement shall terminate and Employer's
obligations under this Agreement to make such payments and provide such benefits
shall cease.

            (a)   Employee covenants and agrees that he will not, during the
Term of his employment and at any time thereafter, except with the express prior
written consent of Employer or pursuant to the lawful order of any judicial or
administrative agency of government, directly or indirectly, disclose,
communicate or divulge to any person, or use for the benefit of any person, any
knowledge or information, with respect to the conduct or details of Employer's
business which he, acting reasonably, believes or should believe to be of a
confidential nature and the disclosure of which would not to be in Employer's
interest.

            (b)   Employee covenants and agrees that he will not, during the
Term of his employment and for a period of one (1) year thereafter, except with
the express prior written consent of Employer, directly or indirectly, whether
as employee, owner, partner, consultant, agent, director, officer, shareholder
or in any other capacity, engage in or assist any person to engage in any act or
action which he, acting reasonably, believes or should believe would be harmful
or inimical to the interests of Employer.

            (c)   Employee covenants and agrees that he will not, during the
Term of his employment and for a period of one (1) year thereafter, except with
the express prior written consent of Employer, in any capacity (including, but
not limited to, owner, partner, shareholder, consultant, agent, employee,
officer, director or otherwise), directly or indirectly, for his own account or
for the benefit of any person, engage or participate in or otherwise be
connected with any activity in which the Corporation, Omega Bank, N.A. (the
"Bank") or any of their subsidiaries or affiliates are engaged during the term
of Employee's employment, in any county in which, at any time during Employee's
employment with the Corporation, the Bank or their subsidiaries or affiliates or
on the Termination Date, a branch, office or other facility of the Corporation,
Bank or any of their subsidiaries or affiliates is located, including counties
located outside the Commonwealth of Pennsylvania except that the foregoing shall
not prohibit Employee from owning as a shareholder less than 1% of the
outstanding stock of an issuer whose stock is publicly traded.

<PAGE>

            (d)   The parties agree that any breach by Employee of any of the
covenants or agreements contained in this Section 8 will result in irreparable
injury to Employer for which money damages could not adequately compensate
Employer and therefore, in the event of any such breach, Employer shall be
entitled (in addition to any other rights and remedies which it may have at law
or in equity) to have an injunction issued by any competent court enjoining and
restraining Employee and/or any other person involved therein from continuing
such breach. The existence of any claim or cause of action that Employee may
have against Employer or any other person (other than a claim for Employer's
breach of this Agreement for failure to make payments hereunder) shall not
constitute a defense or bar to the enforcement of such covenants. In the event
of an alleged breach by Employee of any of the covenants or agreements contained
in this Section 8, Employer shall continue any and all of the payments due
Employee under this Agreement until such time as a court shall enter a final and
non-appealable order finding such a breach; provided, however, that the
foregoing shall not preclude a court from ordering Employee to repay such
payments made to him for the period after the breach is determined to have
occurred or from ordering that payments hereunder be permanently terminated in
the event of a material and willful breach.

            (e)   If any portion of the covenants or agreements contained in
this Section 8, or the application hereof, is construed to be invalid or
unenforceable, the other portions of such covenant(s) or agreement(s) or the
application thereof shall not be affected and shall be given full force and
effect without regard to the invalid or unenforceable portions to the fullest
extent possible. If any covenant or agreement in this Section 8 is held
unenforceable because of the area covered, the duration thereof, or the scope
thereof, then the court making such determination shall have the power to reduce
the area and/or duration, and/or limit the scope thereof, and the covenant or
agreement shall then be enforceable in its reduced form.

            (f)   For purposes of this Section 8, the term "Employer" shall
include Employer, any successor to Employer under Section 9 hereof, and all
present and future direct and indirect subsidiaries and affiliates of Employer.

      9.    Successors and Assigns. This Agreement shall inure to the benefit of
and be binding upon any corporate or other successor of Employer which may
acquire, directly or indirectly, by merger, consolidation, purchase, or
otherwise, all or substantially all of the assets of Employer, and shall
otherwise inure to the benefit of and be binding upon the parties hereto and
their respective heirs, executors, administrators, successors and assigns.
Nothing in the Agreement shall preclude Employer from consolidating or merging
into or with or transferring all or substantially all of its assets to another
person. In that event, such other person shall assume this Agreement and all
obligations of Employer hereunder. Upon such consolidation, merger or transfer
of assets and assumption, the "Employer" as used herein, shall mean such other
person and this Agreement shall continue in full force and effect.

      10.   Waivers Not to be Continued. Any waiver by a party of any breach of
this Agreement by another party shall not be construed as a continuing waiver or
as a consent to any subsequent breach by the other party.

      11.   Notices. All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly given if
delivered by hand or mailed,

<PAGE>

certified or registered mail, return receipt requested, with postage prepaid, to
the following addresses or to such other address as either party may designate
by like notice:

                  If to Employee, to:

                  Thomas W. Bixler

                  c/o Omega Financial Corporation
                  366 Walker Drive
                  P. O. Box 298
                  State College, Pennsylvania 16804-0298

                  If to Employer, to:

                  Omega Financial Corporation
                  366 Walker Drive
                  P. O. Box 298
                  State College, Pennsylvania 16804-0298
                  Attention:  Board of Directors

                  In all cases with a copy to:

                  Blank Rome LLP
                  One Logan Square
                  Philadelphia PA 19103-6998
                  Attention:  Frederick D. Lipman, Esquire

and to such other party or additional person or persons as either party shall
have designated to the other party in writing by like notice.

      12.   Jurisdiction. Employer and Employee consent to the exclusive
jurisdiction of the courts of the Commonwealth of Pennsylvania and the United
States District Court for the Central District of Pennsylvania in any and all
actions arising hereunder.

      13.   Acceleration. If Employer fails to pay Employee any of the amounts
due him under Sections 3 or 4 hereof, or fails to provide any of the benefits
due to Employee under Section 4 hereof, which nonpayment or nonprovision shall
continue for thirty (30) days after Employer receives written notice from
Employee of such failure to pay or provide benefits, as the case may be, the
Employee shall have the right to accelerate future payments of all sums due
Employee under Section 3 hereof, without discount.

      14.   Security.

            (a)   In order to secure Employer's obligations to Employee under
this Agreement, Employer shall, if and when requested by the Employee, cause a
reputable bank acceptable to Employee to issue a Letter of Credit, in the face
amount of at least the sum of three (3) times Employee's current base annual
salary on the date hereof plus $50,000 and substantially in the form attached
hereto as Exhibit "A" ("Letter of Credit:), to be issued to the

<PAGE>

Employee as beneficiary, or in lieu thereof, establish a mutually acceptable
escrow arrangement. The Letter of Credit shall not expire sooner than one (1)
year after the date of its issuance. Employer shall maintain the Letter of
Credit in effect at all times during the Term and any other period of time
during which Employee is entitled to any compensation or benefits under either
Section 3 or 4 hereof by means of securing renewals of the Letter of Credit from
the same bank of by securing a new Letter of Credit from some other reputable
bank acceptable to Employee.

            (b)   Employee agrees that he will not present a draft under the
Letter of Credit for payment unless he shall have first made written demand on
Employer for direct payment of the amount sought and Employer shall not have
made full payment in cash to the Employee as required by this Agreement within
thirty (30) days after the date of delivery of the written demand. Employee
shall not draw any funds under the Letter of Credit in respect of costs or
expenses already reimbursed to him by Employer.

      15.   Indemnity. If Employer fails to pay Employee any of the amounts due
him under Sections 3 or 4 hereof or fails to provide Employee with any of the
benefits due him under Section 4 hereof, thirty (30) days after having received
written notice from Employee of such failure, the Employee shall be entitled to
full reimbursement from Employer for all costs and expenses (including, but not
limited to, reasonable attorneys' fees) incurred by Employee in enforcing his
rights under this Agreement.

      16.   General Provisions.

            (a)   Each of Employer's obligations and liabilities hereunder shall
not be affected or impaired by the unenforceability, invalidity, or illegality
of any other term, condition, covenant, obligation or agreement under this
Agreement, whether under the National Bank Act or otherwise.

            (b)   This Agreement constitutes the entire agreement between the
parties with respect to the subject matter hereof, and supersedes and replaces
all prior agreements between the parties including, without limitation, the
Employment Agreement dated October 31, 2002 between Employee and Sun Bancorp,
Inc. as amended to the Effective Date which Employee agrees is hereby
terminated. Employee hereby waives any and all rights he may have under such
employment agreement including, without limitation, under Sections 6, 7, 8 and
15 thereof. No amendment, supplement, waiver or termination of any of the
provisions hereof shall be effective unless in writing and signed by the party
against whom it is sought to be enforced. Any written amendment, supplement,
waiver or termination hereof executed by Employer and Employee shall be binding
upon them and upon all other persons, without the necessity of securing the
consent of any other person and no person shall be deemed to be a third party
beneficiary under this Agreement.

            (c)   This Agreement shall not limit or infringe upon the right of
Employer to terminate the employment of Employee at any time for any reason, nor
upon the right of Employee to terminate his employment with Employer.

<PAGE>

            (d)   The term "person" as used in this Agreement means a natural
person, joint venture, corporation, limited liability company, sole
proprietorship, trust, estate, partnership, cooperative, association, non-profit
organization or any other legally cognizable entity.

            (e)   This Agreement may be executed in one or more counterparts,
each of which shall be deemed an original, but all of which taken together shall
constitute one and the same Agreement.

            (f)   No failure on the part of any party hereto to exercise and no
delay in exercising any right, power or remedy hereunder shall operate as a
waiver thereof; nor shall any single or partial exercise of any right, power or
remedy hereunder preclude any other of further exercise thereof or the exercise
of any other rights, power or remedy.

            (g)   The headings of the sections of this Agreement have been
inserted for convenience of reference only and shall in no way restrict or
modify any of the terms or provisions hereof.

            (h)   This Agreement shall be governed and construed and the legal
relationships of the parties determined in accordance with the laws of the
Commonwealth of Pennsylvania applicable to contracts executed and to be
performed solely in the Commonwealth of Pennsylvania.

      IN WITNESS WHEREOF, the parties have duly executed and delivered this
Severance Agreement as of the date first above written.

                                            EMPLOYER:

                                            OMEGA FINANCIAL CORPORATION

Attest: /s/  Donita R. Koval                By: /s/  David B. Lee
        ---------------------------------       -------------------------
        Name:  Donita R. Koval                  Name: David B. Lee
        Title: Exec. Vice President & COO       Title:Chairman, President & CEO

                                            EMPLOYEE:

Witness:/s/  Robert J. McCormack             /s/ Thomas W. Bixler
        ---------------------------------   ------------------------------
        Name: Robert J. McCormack           Thomas W. Bixler

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