Document:

eAUTOCLAIMS.COM, INC.

                             SUBSCRIPTION AGREEMENT
                             ----------------------

         1.       General:
                  -------

                  This  Subscription  Agreement sets forth the terms under which
the   undersigned   investor,    ________________________________________   (the
"Investor"),  will invest  $______ as evidenced by a Convertible  Debenture (the
"Debenture") of eAUTOCLAIMS.COM, INC., a Nevada corporation (the "Company").

                  The Company is offering the  Debenture to a suitable  Investor
pursuant  to Rules  504,  505 or 506 of  Regulation  D and  Section  4(2) of the
Securities Act of 1933, as amended.  Execution of this Subscription Agreement by
the Investor  shall  constitute  an offer by the  Investor to subscribe  for the
Debenture on the terms and conditions specified herein. The Company reserves the
right to accept or reject such  subscription  offer. If the Investor's  offer is
accepted,  the Company will execute this  Subscription  Agreement  and issue the
Debenture.  If the Investor's offer is rejected,  the payment  accompanying this
Subscription  Agreement  will be  returned  to the  Investor,  with no  interest
thereon, together with a notice of rejection.

         2.       Acceptance of Subscription Agreement:
                  ------------------------------------

                  It is  understood  and  agreed  by the  undersigned  that  the
Company will have the unconditional right to reject this subscription,  in whole
or in part, if it believes  that the  undersigned  is not a qualified  purchaser
under Regulation D promulgated under the Securities Act of 1933, as amended,  or
for any other reason.

         3.       Investor's Representations, Warranties and Covenants:
                  ----------------------------------------------------

                  The Investor represents, warrants and covenants to the Company
as follows:

                  a. He  acknowledges  that he has been  furnished  with and has
been  given  access  to  all  underlying   documents  in  connection  with  this
transaction  as  well  as  such  other  information  as he  deems  necessary  or
appropriate as a prudent and knowledgeable investor in evaluating his investment
in the  Debenture.  He further  acknowledges  that the Company has given him the
opportunity  to obtain  additional  information  and to evaluate  the merits and
risks of his investment.  He acknowledges that he has had the opportunity to ask
questions of, and receive  satisfactory answers from, the officers and directors
of the Company concerning the terms and conditions of the offering.

                  b.  He  acknowledges   that  this  transaction  has  not  been
scrutinized by the United States Securities and Exchange  Commission (the 'SEC")
or by any state securities commissions.

                  c.       He has  adequate  means of providing  for his current
and future needs and  foreseeable  personal  contingencies,  and has no need for
liquidity of his investment in the Debenture.

                  d.       He can bear the economic risk of losing his entire
investment in the Debenture.

                  e. He is acquiring  the  Debenture  for his own  account,  for
investment  only  and not  with a view  toward  the  resale,  fractionalization,
division or  distribution  thereof and he has no present plans to enter into any

<PAGE>

contract,   undertaking,   agreement  or   arrangement   for  any  such  resale,
distribution, division or fractionalization thereof.

                  f. He does not have an overall  commitment to investments that
are  not  readily   marketable,   including  the  Debenture  and  other  similar
investments, disproportionate to his net worth or gross income.

                  g. He understands  that the offer and sale of the Debenture is
being made by means of a private  placement  of  Debentures  to a small group of
prospective investors and that he has read or reviewed and is familiar with this
Subscription Agreement.

                  h. He was previously informed that all documents,  records and
books  pertaining to this  investment were at all times available at the offices
of the Company, 2708 Alt. 19 N., Suite 604, Palm Harbor, FL 34683; that all such
documents,  records and books  pertaining  to this  investment  requested by the
Investor  have been made  available  to him and any  persons he has  retained to
advise him; and that he has no questions concerning any aspect of the investment
for which he has not previously received satisfactory answers.

                  i. He and his agents or advisers  have had an  opportunity  to
ask  questions of and receive  answers from the Company,  or a person or persons
acting on its behalf,  concerning the terms and conditions of this  Subscription
Agreement and the transactions  contemplated  hereby and thereby, as well as the
affairs of the Company and related matters.

                  j.       He has had an  opportunity  to obtain  additional
information  necessary to verify the accuracy of the information  referred to in
subparagraph (i) hereof.

                  k. HE UNDERSTANDS THAT THE COMPANY HAS A LIMITED FINANCIAL AND
OPERATING  HISTORY  AND THAT THE COMPANY HAS  INCURRED  OPERATING  LOSSES AND IS
CURRENTLY OPERATING AT A LOSS.

                  l.       HE  UNDERSTANDS  THAT THE DEBENTURE IS A SPECULATIVE
INVESTMENT  WHICH  INVOLVES  A HIGH  DEGREE OF RISK OF LOSS BY HIM OF HIS ENTIRE
INVESTMENT.

                  m. He understands all aspects of this investment and the risks
associated  therewith,  or have consulted with his own financial adviser who has
advised with respect to this investment and neither he nor his advisor,  if any,
has any further questions with respect thereto.

                  n.       He is  knowledgeable  and experienced in financial
and business matters. He and/or his financial or business advisers,  if any, are
capable of evaluating the merits and risks of an investment in the Debenture.

                  o.  All  information  which  he has  provided  to the  Company
concerning  his  financial  position and  knowledge  of  financial  and business
matters  is  correct  and  complete  as of the date set forth at the end of this
Subscription  Agreement,  and if there  should  be any  material  change in such
information prior to acceptance of this  Subscription  Agreement by the Company,
he will immediately provide the Company with such information.

                                       2
<PAGE>

                  p. He is  purchasing  the  Debenture  without  relying  on any
offering  literature or prospectus  other than the information set forth herein,
information furnished by the Company and the information  incorporated herein by
reference.  The  Company  has  furnished  him  with  copies  of the  term  sheet
summarizing the terms of the Debentures,  and the Company's  Quarterly Report on
Form 10-QSB as filed with the SEC on June 14, 2001. In addition to the foregoing
documents,  the Company  incorporates  by reference all filings it has made with
the SEC.  The  complete  forms of such  filings  are  available  for  review  at
www.sec.org, or may be obtained from the Company at the address shown above.

                  q.       He  is a  bona  fide  resident  of  the  State  of
___________________,  maintains his principal  residence  there, and is at least
eighteen (18) years of age.

                  r. If he is executing this Subscription Agreement on behalf of
a corporation,  partnership,  trust or other entity, he has been duly authorized
by such entity to execute this Subscription  Agreement and all other instruments
in connection with the purchase of the Debenture,  his signature is binding upon
such  corporation,  partnership,  trust or other  entity and he  represents  and
warrants  that such  corporation,  partnership,  trust or other  entity  was not
organized for the purpose of acquiring the Debenture  subscribed for pursuant to
this  Subscription  Agreement  and that the  acquisition  of the Debenture is an
authorized investment of the corporation, partnership, trust or other entity.

                  s.       This   Subscription   Agreement  shall  be  binding
upon the heirs,  estate,  legal  representatives,  successors and assigns of the
undersigned.

         4.       Conversion, Registration and Lock-Up Provisions:
                  -----------------------------------------------

                  The  Debentures  are subject to  voluntary  conversion  at the
option of the Investor or the Company and  mandatory  conversion  under  certain
circumstances,  all as  described  in the  Debenture.  The  Investor has certain
registration  rights with  respect to the shares of the  Company's  Common Stock
received by the Investor upon  conversion of the Debenture,  as described in the
Debenture.

         5.       Responsibility and Indemnification:
                  ----------------------------------

                  The Company will  exercise its best judgment in the conduct of
all  matters  arising  under  this  Subscription   Agreement.   The  undersigned
acknowledges  that he  understands  the  meaning and legal  consequences  of the
representations  and  warranties  contained  herein,  and he  hereby  agrees  to
indemnify and hold harmless the Company, its officers,  directors,  shareholders
and  employees,  and any of their  affiliates  and  their  officers,  directors,
shareholders and employees,  or any professional advisor or entity thereto, from
and against any and all loss, damage, liability or expense,  including costs and
reasonable  attorney's  fees,  to which said  entities and persons may be put or
which they may incur by reason of, or in connection with, any  misrepresentation
made by the  Investor,  any breach of any of his  warranties,  or his failure to
fulfill any of his covenants or agreements under this Subscription Agreement.

         6.       Company Solely Responsible for Disclosure;
                  ------------------------------------------
                  No Independent Review or Opinions.
                  ----------------------------------

                  The Company has assumed  sole  responsibility  for  compliance
with the  disclosure  requirements  of  federal  and  state  securities  laws in
connection  with the offer and sale of the  Debenture.  No law firm,  accounting
firm,  securities  broker/  dealer or other  third party has  conducted  any due
diligence  review of the Company and its business and affairs or any disclosures
with  respect  thereto,  written or oral,  made by the  Company  or others.  The

                                       3
<PAGE>

Company's law firm has not rendered any legal opinions  concerning any aspect of
the Company's  business and affairs,  including but not limited to, the validity
or  enforceability  of  any  contracts,  agreements,   obligations  or  security
interests  related  to an  investment  in the  Company.  By  execution  of  this
Subscription Agreement,  the undersigned acknowledges that the Company is solely
responsible  for all disclosures to potential  Investors  concerning the Company
and its  business  and affairs and that the  Company's  law firm has rendered no
legal opinions described above. For value received,  the undersigned does hereby
release the  Company's law firm and its officers,  directors,  shareholders  and
employees  from any  claim,  loss,  liability  or  damage  with  respect  to the
foregoing.

         7.       Survival of Representations, Warranties, Covenants and
                  ------------------------------------------------------
                  Agreements:
                  ----------

                  The  representations,  warranties,  covenants  and  agreements
contained  herein  shall  survive  the  delivery  of, and the payment  for,  the
Debenture.

         8.       Notices:
                  -------

                  Any  and  all   notices,   designations,   consents,   offers,
acceptances  or any other  communication  provided  for herein shall be given in
writing by registered or certified mail which shall be addressed to, in the case
of the Company,  2708 Alt. 19 N., Suite 604, Palm Harbor,  Florida 34683, and in
the  case of the  Investor,  to the  address  set  forth  in  this  Subscription
Agreement.

         9.       Miscellaneous:
                  -------------

                  This Subscription Agreement shall be governed by and construed
and  enforced  in  accordance  with  the  laws of the  State  of  Florida,  both
substantive  and  remedial.  The  section  headings  contained  herein  are  for
reference  purposes  only  and  shall  not in any  way  affect  the  meaning  or
interpretation  of this  Subscription  Agreement,  the  Debenture,  or any other
agreement  referred to herein or delivered in connection  with this  investment.
This  Subscription  Agreement  shall be enforceable in accordance with its terms
and be binding  upon and shall inure to the  benefit of the  parties  hereto and
their respective  successors,  assigns,  executors and administrators,  but this
Subscription  Agreement and the respective rights and obligations of the parties
hereunder  shall not be assignable by any party hereto without the prior written
consent  of  the  other.  This  Subscription  Agreement  represents  the  entire
understanding  and  agreement  between  the parties  hereto with  respect to the
subject  matter  hereof;   supersedes  all  prior   negotiations,   letters  and
understandings  relating to the subject  matter  hereof;  and cannot be amended,
supplemented  or modified except by an instrument in writing signed by the party
against whom  enforcement of any such  amendment,  supplement or modification is
sought. In the event of any litigation  between the parties to this Subscription
Agreement  relating  to, or arising out of,  this  Subscription  Agreement,  the
prevailing party shall be entitled to an award of reasonable attorney's fees and
costs, whether incurred before, during or after trial or at the appellate level.
The  failure or finding of  invalidity  of any  provision  of this  Subscription
Agreement shall in no manner affect the right to enforce the other provisions of
same,  and the  waiver  by any  party of any  breach  of any  provision  of this
Subscription  Agreement  shall not be  construed to be a waiver by such party of
any subsequent breach of any other provision.

                                       4
<PAGE>

         10.      Subscription Amount and Payments:
                  --------------------------------

                  Investor   hereby   subscribes   for  the   herein   described
Convertible  Debenture  in the  amount of  $______________  and  tenders  to the
Company the Investor's check payable to the order of eAUTOCLAIMS.COM, INC.

         11.      THE UNDERSIGNED HEREBY REPRESENTS THAT HE HAS READ THIS ENTIRE
SUBSCRIPTION AGREEMENT AND THE RELATED PRIVATE PLACEMENT MEMORANDUM.

         12.      Suitability Questions:
                  ---------------------

                  Please  answer   completely  all  the  following   suitability
questions.

               a.  I am an  Accredited  Investor  because  I  meet  one  of  the
following standards:

               _____ (i) An individual  whose  individual net worth or joint net
          worth with that individual's spouse, exceeds $1,000,000 (including the
          value of homes, home furnishings and personal automobiles).

               _____  (ii)  Natural  person(s)  who had an  income  in excess of
          $200,000  (individual)  or $300,000  (joint) in each of the years 1999
          and 2000 and who  reasonably  expects an income in excess of  $200,000
          (individual)  or  $300,000  (joint)  in  2001.  For  purposes  of this
          offering,  individual  income shall equal adjusted income, as reported
          in the  Investor's  federal tax  return,  increased  by the  following
          amounts: (i) the amount of any tax exempt interest received,  (ii) the
          amount  of  losses   claimed  as  a  limited   partner  in  a  limited
          partnership,  (iii) any deduction claimed for depletion,  (iv) amounts
          contributed to an IRA or Keogh  retirement plan, (v) alimony paid, and
          (vi) any amount by which income from long-term  capital gains has been
          reduced  in  arriving  at  adjusted  gross  income   pursuant  to  the
          provisions  of Section  1202 of the  Internal  Revenue  Code.  For the
          individual test, income related to a spouse is excluded.

               ___ (iii) Employee  Benefit Plan which has total assets in excess
          of $5,000,000.

               ___ (iv) A  Self-Directed  Plan with  investment  decisions  made
          solely by persons that are accredited investors.

               ___ (v) A Trust with  total  assets in excess of  $5,000,000  not
          formed for the specific  purpose of acquiring the securities  offered,
          whose purchase is directed by a  sophisticated  person as described in
          Rule 506(b) (2) (ii) of the Securities Act.

               ___ (vi)  Any  entity  in  which  all of the  equity  owners  are
          accredited investors.

               b. Do you think you have  sufficient  knowledge of the Company to
evaluate the risks associated with investing in the Debenture?

               Yes_____    No_____   If   you   answered   No   -   why?

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

                                       5
<PAGE>

               c. If you answered "No" to the preceding question, do you have an
Investment Advisor or Purchaser Representative upon whom you rely for investment
advice?

               Yes_____ No_____ If so, please provide his name and address

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

               d.  Do  you  understand  the  nature  of  the  investment  in the
Debenture and the risks involved?

               Yes_____ No_____

               e. Do you  understand  that you will  not be able to  resell  the
Debenture which you purchase or the underlying shares of Common Stock into which
the  Debenture  is  convertible,  unless you do so in an exempt  transaction  or
unless  you,  or the  Company,  take steps to  register  them under the  federal
Securities Act of 1933 and applicable state securities laws?

               Yes_____ No_____

               f. Do you understand  that there is no assurance of any financial
return  on this  investment  and  that you run the risk of  losing  your  entire
investment?

               Yes_____ No_____

               g. Are you aware that you have the  opportunity  to  inspect  the
Company's financial records, legal documents, and other records?

               Yes_____ No_____ Did you do so? Yes____ No____

               h. Do you understand that this investment is illiquid?

               Yes_____ No_____

               i. Are you acting for your own account?

               Yes_____ No_____ If No, complete the following:

               (1)  Capacity  in  which  you  are  acting  (agent,   trustee  or
otherwise):_____________________________________________________________

               (2) Name,  address  and  telephone  number(s)  of  person(s)  you
represent:______________________________________________________________

               (3)    Nature    of    evidence    of     authority     attached:
______________________________________________________________

          IN WITNESS  WHEREOF,  the undersigned  has executed this  Subscription
Agreement this ___ day of June 2001.

                                       6
<PAGE>

                                           ------------------------------------
                                            Print Name:________________________

                          TYPE OF OWNERSHIP (Check One)
                          -----------------

___      INDIVIDUAL OWNERSHIP       ___     COMMUNITY PROPERTY (One
         (One Signature Required)           Signature Required if Interest in
                                            One Name, Two Signatures Required
                                            if Interest Held in Both Names)

___      JOINT TENANTS WITH RIGHT   ___     TENANTS IN COMMON (Both
         OF SURVIVORSHIP (Both or           or all Parties Must Sign)
         all Parties Must Sign)

___      PARTNERSHIP (Please        ___     GRANTOR TRUST
         Include a Copy of the
         Partnership Agreement
         Authorizing Signature)

___      CORPORATION (Please In-    ___     CUSTODIAN
         include Certified Cor-
         porate Resolution
         Authorizing Signature)

         ___      PROFIT SHARING PLAN       ___      PENSION PLAN

         ___      IRA                       ___      KEOGH

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

WITNESSES:

-------------------------------             -----------------------------------
Print Name:_____________________                     Investor Signature

-------------------------------             -----------------------------------
Print Name:_____________________                     Print or Type Name

                                            -----------------------------------
                                                   Social Security Number

                                            -----------------------------------
                                                       Street Address

                                            -----------------------------------
                                                     City, State and Zip

SUBSCRIPTION ACCEPTED:
eAUTOCLAIMS.COM, INC., a Nevada corporation

By:____________________________
    Eric Seidel, President

                                       7<PAGE>

EX 10.1

               AMENDMENT NO. 2 TO MERGER AGREEMENT, SETTLEMENT AND
                            GENERAL RELEASE AGREEMENT

         THIS AMENDMENT, SETTLEMENT AND GENERAL RELEASE AGREEMENT (this
"Agreement"), dated this second day of August, 2001, by and among CORPORATE
EXPRESS, INC., a Colorado corporation and successor by merger to CEX Holdings,
Inc., a Colorado corporation ("CEX"), VELOCITY EXPRESS, INC. f/k/a Corporate
Express Delivery Systems, Inc., a Delaware corporation ("Company") and UNITED
SHIPPING & TECHNOLOGY, INC., a Utah corporation ("Buyer"). CEX, Company, and
Buyer are sometimes individually referred to herein as a "party" and
collectively as the "parties."

                              W I T N E S S E T H:

         WHEREAS, the parties are each parties (together with United Shipping &
Technology Acquisition Corp., which was merged with and into Company) to a
Merger Agreement dated as of September 8, 1999, as amended by Amendment No. 1 to
Merger Agreement dated as of September 22, 1999 (the "Merger Agreement"),
whereby Buyer acquired all of the issued and outstanding Common Stock of Company
and Company became a wholly owned subsidiary of Buyer; and

         WHEREAS, pursuant to Section 2.2 of the Merger Agreement, the parties
provided that the Merger Consideration would be subject to adjustment after the
Closing Date; and

         WHEREAS, a dispute exists between CEX and Buyer regarding, inter alia,
(a) adjustments to the Merger Consideration, (b) Buyer's obligation to indemnify
CEX, (c) Buyer's obligation to terminate and replace certain equipment leases in
the name of CEX, and (d) certain misdirected payments; and

         WHEREAS, the parties are desirous of settling their disputes and all
claims between them on the terms and conditions set forth herein.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, CEX, Company and Buyer hereby
agree as follows:

                                    ARTICLE I

                                   DEFINITIONS

         Section 1.1 Capitalized Terms. Capitalized terms used in this Agreement
and not otherwise defined herein have the respective meanings given those terms
in the Merger Agreement. For purposes of this Agreement, the following terms,
when capitalized, have the following meanings:
<PAGE>

         "Buyer and Company's Bring Down Certificate" shall have the meaning set
forth in subsection 9.2.1.

         "Casualty Insurance" means the combination of Primary and Excess
Automobile Liability Insurance, Statutory Workers' Compensation and Primary and
Excess Employers Liability Insurance and Primary and Excess General Liability
Insurance (each as defined below).

         "Casualty Insurance Liabilities" means all expenses associated with
Casualty Insurance for the benefit of Company or any of its Subsidiaries (past
or present), including, without limitation, insurance premiums, claims within
deductible or self-insured retentions, allocated loss adjustment expenses, audit
fees and adjustments, claim service fees, premium taxes, State residual market
load or other legislatively-imposed fees, insurance brokerage fees, assessments
and disputes, and other expenses directly related to Casualty Insurance.

         "CEX Bring Down Certificate" shall have the meaning set forth in
subsection 9.1.1.

         "Merger Agreement" shall have the meaning set forth in the first
Whereas clause above.

         "Primary and Excess Automobile Liability Insurance" means insurance
(including deductibles and self-insured retention amounts) of the liability
exposures associated with the operation of motor vehicles, including, but not
limited to property damage, bodily injury or other losses for which the insured
may be liable.

         "Primary and Excess General Liability Insurance" means insurance
(including deductibles and self-insured retention amounts) of the liability
exposure arising out of occurrences resulting from the premises or operations of
the insured, products sold by the insured and operations completed by the
insured.

         "Settlement Closing" shall have the meaning set forth in Section 11.1.

         "Settlement Closing Date" shall have the meaning set forth in Section
11.1.

         "Statutory Workers' Compensation and Primary and Excess Employers
Liability Insurance" means insurance (including deductibles and self-insured
retention amounts and participation in monopolistic state funds in the name of
the Company or any of its Subsidiaries, past or present), in each case, covering
the liability exposures associated with the risk of bodily injury to an employee
arising from accident or disease incurred in the course and scope of employment;
provided that insurance provided by monopolistic state funds shall not apply to
CEX, but shall apply to Company, Buyer and any of their Subsidiaries.

                                       2
<PAGE>

                                   ARTICLE II

                          AMENDMENT TO MERGER AGREEMENT

         Section 2.1 Amendment to Subsection 2.1.7 of Merger Agreement.
Subsection 2.1.7 of the Merger Agreement shall be amended as of the Settlement
Closing Date to provide that the aggregate amount of the Merger Consideration
shall be $48,096,476. CEX hereby acknowledges and agrees that the entire amount
of the Merger Consideration shall be paid in full as follows:

                  2.1.1 The sum of $43,000,000 heretofore delivered to CEX,
         receipt whereof is hereby acknowledged by CEX.

                  2.1.2 The sum of $3,096,476.25 heretofore delivered to CEX,
         receipt whereof is hereby acknowledged; and

                  2.1.3 By the payment of $2,000,000 by delivery to CEX in
         immediately available funds by wire transfer to CEX's account on the
         Settlement Closing Date.

         Section 2.2 Acknowledgment With Respect to Section 2.2 of Merger
Agreement. The parties acknowledge and agree that this Agreement is intended to
and shall resolve all disputes and issues between the parties with respect to
the Merger Consideration and adjustments thereof as provided in Article 2 of the
Merger Agreement.

         Section 2.3 Merger Agreement of No Further Force and Effect. Except as
hereinabove set forth in this Article, the Merger Agreement shall be of no
further force and effect and none of the parties hereto shall have any rights or
obligations thereunder. Notwithstanding the foregoing, Company, Buyer and CEX
acknowledge that the transactions contemplated by the Merger Agreement have been
consummated and, except as expressly provided in this Agreement, CEX has no
responsibilities to pay, perform or discharge any liabilities of Company and its
Subsidiaries which were transferred pursuant to the Merger Agreement, and
Company and Buyer shall remain obligated to pay, perform and/or discharge all
such liabilities.

                                   ARTICLE III

                         ADDITIONAL TERMS AND CONDITIONS

         Section 3.1 Casualty Insurance Liabilities.

                  3.1.1 CEX shall pay, perform and discharge all Casualty
         Insurance Liabilities with respect to Casualty Insurance as set forth
         on Schedule 3.1.

                  3.1.2 With respect to any Casualty Insurance Liabilities paid
         and discharged by CEX (or any Subsidiary) or Buyer and Company (or any
         respective Subsidiary) prior to the Settlement Closing Date, neither
         CEX (or any Subsidiary) nor Buyer or Company (or any

                                       3
<PAGE>

         respective Subsidiary) shall have a right or claim against the other
         for reimbursement or indemnity.

                  3.1.3 CEX shall reimburse, defend, indemnify and hold Buyer,
         Company and their respective Subsidiaries harmless from and against,
         and pay and reimburse such parties for and with respect to any Casualty
         Insurance Liabilities as provided in subsection 3.1.1, above.

         Section 3.2 Insurance Refunds. Buyer or Company shall pay over or cause
any of their respective Subsidiaries to pay over to CEX any refunds of premiums,
rebates or other amounts, including recoveries, with respect to Casualty
Insurance policies identified on Schedule 3.1 received by Buyer, Company or any
of their respective Subsidiaries after the Settlement Closing Date promptly upon
receipt of such amounts.

         Section 3.3 Management of Casualty Insurance Claims. CEX shall direct
and shall be responsible for the management of Casualty Insurance Liabilities.

         Section 3.4 Retained Insurance Liability. Except for the Casualty
Insurance Liabilities assumed by CEX as provided in Section 3.1, Company and
Buyer shall pay and discharge any and all liabilities associated with or arising
from Casualty Insurance for the benefit of Company, Buyer or any of their
subsidiaries, including without limitation, insurance premiums, claims within
deductible or self-insured retentions, uninsured and underinsured claims,
allocated loss adjustment expenses, audit fees and adjustments, claim service
fees, premium taxes, State residual market load or other legislatively-imposed
fees, insurance brokerage fees, and other expenses directly related to Casualty
Insurance. Buyer and Company shall reimburse, indemnify and hold harmless CEX
from and against any such liabilities of Company under this Section 3.4.

                                   ARTICLE IV

                   TERMINATION OF CERTAIN ANCILLARY AGREEMENTS

         Section 4.1 Promissory Notes. CEX acknowledges that the Short-Term
Subordinated Note in the principal amount of $7,500,000 and dated September 24,
1999 has been paid, in part, in the amount of $3,096,476.25. As a result of the
adjustment to the Merger Consideration as provided in Article II above, said
Short-Term Subordinated Note, the Long-Term Subordinated Promissory Note in the
principal amount of $6,519,000 and dated September 24, 1999 and the Convertible
Subordinated Promissory Note in the principal amount of $3,600,000 and dated
September 24, 1999, each delivered by Company to CEX, shall be returned to
Company and shall be of no further force and effect and Company shall have no
further obligation to pay the principal of and any and all accrued but unpaid
interest on said notes.

         Section 4.2 Guaranty Agreement. The Guaranty Agreement dated as of
September 24, 1999 and delivered by Buyer and certain Company Subsidiaries
pursuant to the Merger Agreement shall be terminated effective as of the
Settlement Closing Date.

                                       4
<PAGE>

         Section 4.3 Security Agreements. The Security Agreement dated as of
September 24, 1999 and delivered by Company to CEX and the Security Agreement
dated as of September 24, 1999 and delivered by Company Subsidiaries to CEX
pursuant to the Merger Agreement shall be terminated effective as of the
Settlement Closing Date. CEX shall deliver executed UCC-3 Termination Statements
terminating all UCC-1 Financing Statements filed against any of the assets of
Company, Company Subsidiaries and Buyer as identified by Buyer and Company in
Schedule 4.3 annexed hereto. Following the Settlement Closing Date, CEX will
execute and deliver such further UCC-3 Termination Statements as shall be
identified by Company or Buyer as necessary to terminate all UCC-1 Financing
Statements filed against any of the assets of Buyer and/or Company.

         Section 4.4 Intercreditor Agreement. The Intercreditor and
Subordination Agreement dated as of September 24, 1999 by and among GE Capital
Corporation, Bayview Capital Partners LP and CEX shall be amended effective as
of the Settlement Closing Date to delete CEX as a party thereto in a form
mutually acceptable to the parties.

         Section 4.5 Exchange Agreement. The Exchange Agreement dated as of
September 24, 1999 by and between Buyer and CEX and entered into in connection
with the Convertible Subordinated Promissory Note shall be terminated effective
as of the Settlement Closing Date.

         Section 4.6 Transition Services Agreement. The Transition Services
Agreement dated as of September 24, 1999 by and among the parties hereto shall
be terminated effective as of the Settlement Closing Date.

                                    ARTICLE V

                    SURVIVAL OF CERTAIN ANCILLARY AGREEMENTS

         Section 5.1 Tax Sharing and Indemnity Agreement. The Tax Sharing and
Indemnity Agreement dated as of September 24, 1999 by and among the parties
hereto and Corporate Express, Inc. shall remain in full force and effect.

         Section 5.2 Non-Competition Agreement. The Non-Competition Agreement
dated as of September 24, 1999 by and among Buyer, CEX and Corporate Express,
Inc. shall remain in full force and effect.

         Section 5.3 Confidentiality Agreement. The Confidentiality Agreement
dated as of March 30, 1999 by and between Buyer and CEX shall remain in full
force and effect.

         Section 5.4 Assumption Agreement. Subject to the provisions of Article
III above, the Assumption Agreement dated as of July 3, 1999 by and among
Company, Corporate Express Delivery Systems - Expedited, Inc. and Corporate
Express Delivery Systems - Southeast, Inc. shall remain in full force and
effect.

                                       5
<PAGE>

                                   ARTICLE VI

                                OTHER AGREEMENTS

         Section 6.1 Equipment Leases. Company and Buyer shall use their
commercially reasonable efforts to cause all or a portion of the Equipment
Leases (including all vehicle leases transferred under the Merger Agreement) for
equipment utilized by Company or Company Subsidiaries with respect to which CEX
or a Subsidiary is the named lessee to be terminated with no further liability
or obligation of CEX or any Subsidiary under or pursuant to any such Equipment
Leases. In the event Buyer and Company are not successful in causing a
termination of all or a portion of the Equipment Leases, Company and Buyer shall
pay, perform and discharge all amounts required to be paid under the Equipment
Leases as and when same shall become due and payable from and after the
Settlement Closing Date. From and after the Settlement Closing Date, Company and
Buyer shall, jointly and severally, reimburse, indemnify and hold harmless CEX
from and against any liabilities arising under the Equipment Leases.

         Section 6.2 Receipt of Payments Belonging to Other Party. As to each of
CEX (or any Subsidiary) and Company and Buyer (and any of their respective
Subsidiaries), such party shall credit as paid the obligation of a third party
for any payment received by the other party on or before the Settlement Closing
Date; any monies received by each party on or before the Settlement Closing Date
shall be deemed part of the consideration for the execution and delivery of this
Agreement.

         Section 6.3 Brimo Litigation. The parties acknowledge that John C.
Brimo has instituted a lawsuit in the Supreme Court of the State of New York,
County of Erie, Index No. I-2000-10511, against CEX and a subsidiary of Company.
Nothing contained in this Agreement is intended to or shall affect the rights
and obligations of the parties with respect to the defense of such lawsuit or
any obligation to satisfy any judgment entered in favor of plaintiff and against
any party thereto.

                                   ARTICLE VII

                         REPRESENTATIONS AND WARRANTIES

         Section 7.1 Representations and Warranties of Buyer and Company. Buyer
and Company hereby represent and warrant to CEX as follows, which
representations and warranties are, as of the date hereof, and will be, as of
the Settlement Closing Date, true and correct:

                  7.1.1 Due Organization. Buyer and Company are corporations
         duly incorporated, validly existing and in good standing, under the
         laws of their jurisdiction of incorporation.

                  7.1.2 Due Authorization. Buyer and Company have the full
         corporate power and authority to enter into and perform this Agreement
         and the agreements contemplated hereby and thereby. The execution and
         delivery of this Agreement and the agreements and releases by

                                       6
<PAGE>

         Buyer and Company, the consummation of the transaction contemplated
         hereby and thereby, and the performance by Buyer and Company of all of
         their respective obligations under this Agreement and the agreements
         have been duly authorized and approved by Buyer and Company. This
         Agreement has been, and at the Settlement Closing Date the agreements
         to be delivered hereunder will be, duly executed and delivered by a
         duly authorized officer of Buyer and Company to the extent each is a
         party thereto.

                  7.1.3 Enforceability. This Agreement constitutes, and the
         agreements to be delivered hereunder will constitute, the legal, valid
         and binding obligation of Buyer and Company in accordance with its
         respective terms, except as such enforceability may be limited by
         applicable bankruptcy, reorganization, moratorium, fraudulent transfer
         or other similar laws affecting creditors' rights generally or by
         principles governing the availability of equitable remedies.

                  7.1.4 No Conflict. Neither the execution and delivery of this
         Agreement or the agreements to be delivered hereunder by Buyer or
         Company, nor the consummation by Buyer or Company of the transactions
         contemplated hereby or thereby, will violate, conflict with or result
         in a breach of any of the terms, conditions or provisions of (a)
         Buyer's or Company's certificate of incorporation, as amended, by-laws,
         as amended, or other organizational instruments, or (b) any obligation,
         lease, license, agreement, contract, plan or other arrangement.

         Section 7.2 Representations and Warranties of CEX. CEX hereby
represents and warrants to Buyer and Company as follows, which representations
and warranties are, as of the date hereof, and will be, as of the Settlement
Closing Date, true and correct:

                  7.2.1 Due Organization. CEX is a corporation duly
         incorporated, validly existing and in good standing, under the laws of
         its jurisdiction of incorporation.

                  7.2.2 Due Authorization. CEX has the full corporate power and
         authority to enter into and perform this Agreement and the agreements
         contemplated hereby and thereby. The execution and delivery of this
         Agreement and the agreements by CEX, the consummation of the
         transaction contemplated hereby and thereby, and the performance by CEX
         of all of its obligations under this Agreement and the agreements have
         been duly authorized and approved by CEX. This Agreement has been, and
         at the Settlement Closing Date the agreements to be delivered hereunder
         will be, duly executed and delivered by a duly authorized officer of
         CEX.

                  7.2.3 Enforceability. This Agreement constitutes, and the
         agreements to be delivered hereunder will constitute, the legal, valid
         and binding obligation of CEX in accordance with its respective terms,
         except as such enforceability may be limited by applicable bankruptcy,
         reorganization, moratorium, fraudulent transfer or other similar laws
         affecting creditors' rights generally or by principles governing the
         availability of equitable remedies.

                  7.2.4 No Conflict. Neither the execution and delivery of this
         Agreement or the agreements to be delivered hereunder by CEX, nor the
         consummation by CEX of the transactions contemplated hereby or thereby,
         will violate, conflict with or result in a breach of any of the terms,
         conditions or provisions of (a) CEX's certificate of incorporation, as
         amended,

                                       7
<PAGE>

         by-laws, as amended, or other organizational instruments, or (b) any
         obligation, lease, license, agreement, contract, plan or other
         arrangement.

                                  ARTICLE VIII

                                OTHER OBLIGATIONS

         Section 8.1 Inspection of Records. Company shall maintain and make its
books and records available for inspection by CEX, or by its duly authorized
representatives, for reasonable business purposes at all reasonable times during
normal business hours, for a period equal to any statutorily determined record
retention period (but in no event less than eight (8) years after the Closing)
with respect to all Casualty Insurance matters related to the period through the
Effective Date. As used in this Section, the right of inspection includes the
right to make extracts or copies at the expense of the party requesting such
extracts or copies.

         Section 8.2 In Trust for Company. All payments and reimbursements
including, but not limited to, amounts received under the Tax Sharing and
Indemnification Agreement, or refunds of insurance premiums, by any third party
after the Settlement Closing Date in the name of or to CEX or any of the
Continuing Affiliates to which Company or any of its Subsidiaries is entitled in
accordance with the provisions of this Agreement, and the transactions
contemplated hereby shall be held by CEX or such Affiliate in trust for the
benefit of Company and, within five (5) business days of receipt by CEX or such
Affiliate of any such payment or reimbursement, CEX or such Affiliate shall pay
over to the Company the amount of such payment or reimbursement.

         Section 8.3 In Trust for CEX. All payments and reimbursements
including, but not limited to amounts received under the Tax Sharing and
Indemnification Agreement, or refunds of insurance premiums, by any third party
after the Settlement Closing Date in the name of or to Company or any of its
Subsidiaries to which CEX or any of the Continuing Affiliates is entitled in
accordance with the provisions of this Agreement, and the transactions
contemplated hereby shall be held by Company or such Subsidiary in trust for the
benefit of CEX and, within five (5) business days of receipt by Company or such
Subsidiary of any such payment or reimbursement.

                                   ARTICLE IX

                         CONDITIONS PRECEDENT TO CLOSING

         Section 9.1 Conditions Precedent to Buyer's and Company's Obligations.
The obligations of Buyer and Company to consummate the transactions contemplated
hereby are subject to the fulfillment of all of the following conditions on or
prior to the Settlement Closing Date (unless waived in writing in the sole
discretion of Buyer and Company):

                  9.1.1 Accuracy of Representations and Warranties. The
         representations and warranties of CEX contained herein shall be
         accurate in all material respects as if made on and as of the
         Settlement Closing Date. CEX shall have delivered an Officer's
         Certificate confirming

                                       8
<PAGE>

         the accuracy of such representations and warranties as of the
         Settlement Closing Date (the "CEX Bring Down Certificate").

                  9.1.2 Financing. Buyer and/or Company shall have obtained debt
         or equity financing (a) in an amount sufficient to make the payment to
         CEX as required pursuant to subsection 2.1.7 of the Merger Agreement as
         amended herein, and (b) in an amount sufficient in the reasonable
         discretion of Buyer and/or Company to provide Company with working
         capital.

                  9.1.3 Buyer and Company's Receipt of Closing Documents. Buyer
         and Company shall have received from CEX documents referred to in
         Section 11.2.

         Section 9.2 Conditions Precedent to CEX's Obligations. The obligations
of CEX to consummate the transactions contemplated hereby are subject to the
fulfillment of all of the following conditions on or prior to the Settlement
Closing Date (unless waived in writing in the sole discretion of CEX):

                  9.2.1 Accuracy of Representations and Warranties. The
         representations and warranties of Buyer and Company contained herein
         shall be accurate in all material respects as if made on and as of the
         Settlement Closing Date. Buyer and Company shall have delivered an
         Officer's Certificate confirming the accuracy of such representations
         and warranties as of the Settlement Closing Date (the "Buyer and
         Company's Bring Down Certificate").

                  9.2.2 Absence of Litigation. No suit or proceeding shall have
         been commenced by any third party to restrain, enjoin, hinder, or to
         seek material damages on account of the transaction herein
         contemplated.

                  9.2.3 CEX's Receipt of Closing Documents. CEX shall have
         received from Buyer and Company documents and payment referred to in
         Section 11.2.

                  9.2.4 Third Party Releases. Company and Buyer shall cause each
         Person identified on Schedule 9.2.4 to deliver a release to CEX, in
         form and substance reasonably satisfactory to CEX.

                  9.2.5 Equipment Leases. Company shall have paid the
         obligations under the Equipment Leases for the period commencing as of
         June 1, 2001 and, as of the Settlement Closing Date, shall not be in
         default of any payment obligation under the Equipment Leases.

                                    ARTICLE X

                                    RELEASES

         Section 10.1 Release from Buyer and Company to CEX. Subject to the
Settlement Closing and effective as of the Settlement Closing Date, Buyer and
Company, for themselves, their related entities, subsidiaries, affiliates,
parents, predecessors, successors and assigns (collectively, the "Buyer
Releasors"), release, acquit and forever discharge CEX, its related entities,
subsidiaries, parents, partners, joint venturers, predecessors, successors,
assigns, past

                                       9
<PAGE>

and present officers, directors, managers, administrators, employees,
representatives, attorneys, underwriters, insurers, affiliates, stockholders,
and agents (collectively, the "CEX Releasees"), from any and all claims,
counterclaims, cross-claims, third-party claims, demands, actions, causes of
action, subrogation claims, liabilities, judgments, liens, notices of pendency,
contracts, agreements, rights, debts, loans, suits, obligations, promises,
actions, costs and expenses (including but not limited to attorneys' fees and
fines), losses or injuries, damages, injunctive relief, and all other charges of
whatever nature, whether in law or equity, whether to person or property,
whether direct, consequential or incidental, whether known or unknown, whether
fixed or contingent, whether arising heretofore, or simultaneously herewith,
which Buyer Releasors now have, claim to have had at any time heretofore or may
claim to have against CEX Releasees, including, but not by way of limitation,
arising from or related to the acquisition of Company by Buyer, including but
not limited to all claims arising from or related to the Merger Agreement, the
Guaranty Agreement, the Security Agreements, the Assumption Agreement, the
Transition Services Agreement, the Exchange Agreement, the Tax Sharing and
Indemnification Agreement, the Non-Competition Agreement and the Confidentiality
Agreement; provided, however, nothing herein shall release claims (x) arising
after the Settlement Closing Date under (i) those Ancillary Agreements that
survive as provided in Article V of this Agreement and (ii) this Agreement or
any agreements or documents executed pursuant to this Agreement or (y) arising
prior to or after the Settlement Closing Date and related solely to any customer
vendor relationship between Buyer and/or Company and CEX.

         Section 10.2 Release from CEX to Buyer and Company. Subject to the
Settlement Closing and effective as of the Settlement Closing Date, CEX, for
itself, its related entities, subsidiaries, affiliates, parents, predecessors,
successors and assigns (collectively, the "CEX Releasors"), release, acquit and
forever discharge Buyer and Company, their related entities, subsidiaries (past
or present), parents, partners, joint venturers, predecessors, successors,
assigns, past and present officers, directors, managers, administrators,
employees, representatives, attorneys, underwriters, insurers, affiliates,
stockholders, and agents (collectively, the "Buyer Releasees"), from any and all
claims, counterclaims, cross-claims, third-party claims, demands, actions,
causes of action, subrogation claims, liabilities, judgments, liens, notices of
pendency, contracts, agreements, rights, debts, loans, suits, obligations,
promises, actions, costs and expenses (including but not limited to attorneys'
fees and fines), losses or injuries, damages, injunctive relief, and all other
charges of whatever nature, whether in law or equity, whether to person or
property, whether direct, consequential or incidental, whether known or unknown,
whether fixed or contingent, whether arising heretofore, or simultaneously
herewith, which CEX Releasors now have, claim to have had at any time heretofore
or may claim to have against Buyer Releasees, including, but not by way of
limitation, arising from or related to the acquisition of Company by Buyer,
including but not limited to all claims arising from or related to the Merger
Agreement, the Promissory Notes, the Guaranty Agreement, the Security
Agreements, the Assumption Agreement, the Transition Services Agreement, the
Exchange Agreement, the Tax Sharing and Indemnification Agreement, the
Non-Competition Agreement and the Confidentiality Agreement; provided, however,
nothing herein shall release claims (x) arising after the Settlement Closing
Date under (i) those Ancillary Agreements that survive as provided in Article V
of this Agreement and (ii) this Agreement or any agreements or documents
executed pursuant to this Agreement, or (y) arising prior to or after the
Settlement Closing Date

                                       10
<PAGE>

and related solely to any customer/vendor relationship between Buyer and/or
Company and CEX.

                                   ARTICLE XI

                                     CLOSING

         Section 11.1 Settlement Closing Date. Subject to the terms of this
Agreement, consummation of the transactions contemplated in this Agreement (the
"Settlement Closing") shall take place on July 31, 2001, or such later date as
mutually agreed to by the parties but in no event shall the Settlement Closing
be extended beyond August 31, 2001, or if the conditions to Settlement Closing
shall not have been satisfied on such date, as promptly as practicable following
the satisfaction or waiver thereof. As used herein, the Settlement Closing Date
shall refer to the date of the actual Settlement Closing. The Settlement Closing
shall be consummated at the offices of CEX at Broomfield, Colorado, or such
other place as the parties hereto shall mutually agree.

         Section 11.2      Deliveries at the Closing.

                  11.2.1 Buyer and Company's Execution and Delivery of Documents
         and Payment. Buyer and Company shall deliver, or execute and deliver,
         or cause to be executed and delivered, to CEX all of the following:

                           (a) A certificate of valid existence and good
                  standing of Buyer and Company issued not earlier than thirty
                  (30) days prior to Closing;

                           (b) Buyer and Company's Bring Down Certificate;

                           (c) A certificate certifying to CEX the incumbency of
                  Buyer and Company's officers and bearing the authentic
                  signatures of all such officers who have executed this
                  Agreement or any other agreement executed and delivered in
                  connection herewith;

                           (d) Payment to CEX of the amount provided in Section
                  2.1.3;

                           (e) The releases as provided in Section 9.2.4;

                           (f) Evidence of compliance with the provision of
                  Section 4.4; and

                           (g) Without limitation by specific enumeration of the
                  foregoing, all other documents and instruments reasonably
                  required or requested by CEX to consummate the transactions
                  contemplated hereby, including any UCC search reports received
                  by Buyer or Company.

                                       11
<PAGE>

                  11.2.2 CEX's Execution and Delivery of Documents and Payment.
         CEX shall deliver, or execute and deliver, or cause to be executed and
         delivered, to Buyer and Company all of the following:

                           (a) A certificate of valid existence and good
                  standing of CEX issued not earlier than thirty (30) days prior
                  to Closing;

                           (b) CEX's Bring Down Certificate;

                           (c) A certificate certifying to Buyer and Company the
                  incumbency of CEX's officers and bearing the authentic
                  signatures of all such officers who have executed this
                  Agreement or any other agreement executed and delivered in
                  connection herewith;

                           (d) Evidence of compliance with the provision of
                  Section 4.4;

                           (e) UCC-3 Termination Statements for each UCC-1
                  Financing Statement identified in Schedule 4.3, and provided
                  by Buyer and Company duly executed by CEX;

                           (f) The Promissory Notes; and

                           (g) Without limitation by specific enumeration of the
                  foregoing, all other documents and instruments reasonably
                  required or requested by Buyer or Company to consummate the
                  transactions contemplated hereby.

                                       12
<PAGE>

                                   ARTICLE XII

                                 INDEMNIFICATION

         Section 12.1 Indemnification by CEX. Subject to the remaining
provisions of this Article XII and this Settlement Agreement, from and after the
Settlement Closing Date, CEX shall indemnify and hold harmless Buyer, Company
and its Subsidiaries, past and present, and their respective directors,
officers, employees and each of the heirs, executors, successors and assigns of
any of the foregoing (collectively, the "Buyer Indemnified Parties") from and
against any and all damages, liabilities, losses, obligations, suits, demands,
penalties, charges, costs and expenses (including reasonable attorneys' fees and
expenses and court costs incurred in the investigation, defense or settlement or
any of the foregoing in connection with any third party proceeding relating
thereto to the extent hereafter provided) (collectively, "Losses") incurred in
connection with, arising out of, or resulting from (a) any failure by CEX or its
Subsidiaries or Continuing Affiliates to comply, in whole or in part, with the
covenants or agreements made by CEX in this Agreement or any Ancillary Agreement
that survives, as provided herein, and (b) any guaranty or other obligation of,
or any pledge, security interest, mortgage or other lien on the property, assets
or capital stock of, Company or any of its Subsidiaries securing or guaranteeing
any indebtedness or other obligation of CEX or any Continuing Affiliate under
any loan agreement or credit facility. Without limiting the foregoing and unless
otherwise agreed by the parties, in the event any Buyer Indemnified party is a
named defendant in any proceeding that is the subject of the indemnification
obligations of this Section 12.1, CEX shall use its commercially reasonable best
efforts to have such Buyer Indemnified Party promptly removed as a party to such
litigation.

         Section 12.2 Indemnification by Buyer and Company. Subject to the
remaining provisions of this Article XII and this Agreement, Buyer and Company
shall jointly and severally indemnify and hold harmless CEX, any Continuing
Affiliate and each of their respective directors, officers, employees and
agents, and each of the heirs, executors, successors and assigns of any of the
foregoing (collectively, the "CEX Indemnified Parties") from and against any and
all Losses incurred in connection with, arising out of, or resulting from (a)
except as provided under this Agreement and not paid and discharged by CEX prior
to the Settlement Closing Date, current, former or future businesses, assets,
liabilities, operations, other activities or employees (whether current or
former) of the Company, Buyer or any of their Subsidiaries, relating to Company
or Buyer or to any of the discontinued operations of Company or any of its
current or former Subsidiaries and including any claim by any equity or debt
holder of, or lender to, Company or Buyer, arising out of any of the
transactions pursuant to the Merger Agreement or Ancillary Agreements, and (b)
any failure to comply, in whole or in part, with the covenants or agreements
made by Buyer or Company in this Agreement or in any Ancillary Agreement that
survives, as provided herein. Except as expressly provided under this Agreement,
the parties hereby agree that the obligation of Buyer and Company under this
Section 12.2 shall include any claim for Losses asserted against the CEX
Indemnified Parties, as an acquiror, owner or operator, either derivatively or
directly, by way of CEX, its Affiliates', and their respective Representatives'
previous ownership or acquisition of or control over Company or any of its
Subsidiaries, or their participation in the operations, acquisitions or
activities of

                                       13
<PAGE>

Company or any of its Subsidiaries. Without limiting the foregoing and unless
otherwise agreed by the parties, in the event any CEX Indemnified Party is a
named defendant in any proceeding that is the subject of the indemnification
obligations of this Section 12.2, Buyer and Company shall use their commercially
reasonable best efforts to have such CEX Indemnified party promptly removed as a
party to such litigation.

         Section 12.3  Procedure for Third Party Claims.

                  12.3.1 In order for a Person (the "indemnified party") to be
         entitled to any indemnification pursuant to this Article XII in respect
         of, arising out of or involving a claim or demand made by any Person
         against the indemnified party (a "Third Party Claim"), such indemnified
         party must notify the indemnifying party in writing of (and in
         reasonable detail regarding) the Third Party Claim promptly, and in any
         event within ten (10) business days, after receipt by such indemnified
         party of notice of the Third party Claim; provided, however, that
         failure to give such notification shall not affect the indemnification
         otherwise provided under this Agreement except to the extent the
         indemnifying party shall have been actually prejudiced as a result of
         such failure (except that the indemnifying party shall not be liable
         for any expenses incurred prior to the day on which the indemnified
         party gives such notice). Thereafter, the indemnified party shall
         deliver to the indemnifying party promptly, and in any event within
         five (5) business days, after the indemnified party's receipt thereof,
         copies of all notices and documents (including court papers) received
         by the indemnified party relating to the Third Party Claim.

                  12.3.2 If a Third Party Claim is made against an indemnified
         party, the indemnifying party shall be entitled to participate in the
         defense thereof and, if it so chooses, to assume and control the
         defense thereof with counsel selected by the indemnifying party. Other
         than as provided in Section 12.1, (a) if the indemnifying party elects
         to assume the defense of a Third Party Claim, the indemnifying party
         shall not be liable to the indemnified party for legal expenses
         subsequently incurred by the indemnified party in connection with the
         defense thereof, and (b) if the indemnifying party assumes such
         defense, the indemnified party shall have the right to participate in
         the defense thereof and to employ at its own expense counsel not
         reasonably objected to by the indemnifying party separate from the
         counsel employed by the indemnifying party, it being understood that
         the indemnifying party shall control such defense, and shall be
         empowered to make any settlement with respect to such Third Party
         Claim, subject to the remaining terms of this Section 12.3.2. The
         indemnifying party shall be liable for the reasonable fees and expenses
         of counsel employed by the indemnified party for any period during
         which the indemnifying party has not assumed the defense thereof (other
         than the period prior to the day on which the indemnified party gives
         notice of the Third Party Claim as provided above). If the indemnifying
         party chooses to defend or prosecute any Third Party Claim, all the
         parties hereto shall cooperate and shall cause their Affiliates to
         cooperate in the defense or prosecution thereof. Such cooperation shall
         include the retention and (upon the indemnifying party's request) the
         provision to the indemnifying party of records and information that are
         reasonably relevant to such Third Party Claim, and making employees
         available on any basis reasonably requested by the indemnifying party
         to provide additional information and explanation of any material
         provided hereunder or otherwise relating to the Third Party Claim.
         Whether or not the indemnifying party assumes the defense of a Third
         Party Claim, the

                                       14
<PAGE>

         indemnified party shall not admit any liability with respect to, or
         settle, compromise or discharge, such Third Party Claim without the
         indemnifying party's written consent. If the indemnifying party assumes
         the defense of a Third Party Claim, the indemnified party shall agree
         to any settlement, compromise or discharge of such Third Party Claim
         that the indemnifying party may recommend if such settlement,
         compromise or discharge would only result in the entry of a monetary
         judgment for which the indemnified party is fully indemnified
         hereunder.

                  12.3.3 In the event any indemnified party should have an
         indemnification claim against any indemnifying party under this
         Agreement that does not involve a Third Party Claim being asserted
         against or sought to be collected from such indemnified party, the
         indemnified party shall deliver notice of such claim specifying with
         particularity the facts underlying such claim with reasonable
         promptness to the indemnifying party. The failure by any indemnified
         party so to notify the indemnifying party shall not relieve the
         indemnifying party from liability that it may have to such indemnified
         party, except to the extent that the indemnifying party has been
         actually prejudiced by such failure. If the indemnifying party disputes
         its liability with respect to such claim, the indemnifying party and
         the indemnified party shall proceed in good faith to negotiate a
         resolution of such dispute and, if not resolved through negotiations,
         such dispute shall be resolved by litigation in an appropriate court of
         competent jurisdiction.

                  12.3.4 Notwithstanding anything to the contrary in the
         foregoing, either Buyer, Company or CEX, at its own expense except as
         otherwise provided above, shall be entitled to participate in the
         defense of any litigation matters in which the other party is named as
         a party and shall be consulted on any settlement discussions with
         respect thereto.

         Section 12.4 General Provisions Relating to Remedies and
Indemnification.

                  Section 12.4.1 An indemnifying party shall have no obligation
         to indemnify an indemnified party or otherwise have liability to an
         indemnified party for consequential damages, special damages, punitive
         damages, incidental damages, indirect damages, lost profits or similar
         items (and the indemnified party shall not recover for such amounts).

                  Section 12.4.2 To the extent that CEX or Buyer discharges any
         claim for indemnification hereunder, it shall be subrogated to all
         related rights of the other party against third parties except as
         otherwise provided herein.

                                       15
<PAGE>

                                  ARTICLE XIII

                                  MISCELLANEOUS

         Section 13.1 Entire Agreement. This Agreement (including its
Schedules), the Tax Sharing and Indemnification Agreement, the Non-Competition
Agreement, the Confidentiality Agreement, the Assumption Agreement and the
agreements expressly provided for herein and therein constitute the entire
agreement between the parties and supersede any and all other prior or
contemporaneous understandings, negotiations or agreements between the parties
relating to the transactions contemplated hereby, and shall be binding upon, and
inure to the benefit of the parties hereto and their respective legal
representatives.

         Section 13.2 Amendments. Any amendment, supplement, variation,
alteration or modification to this Agreement must be made in writing and duly
executed by an authorized representative or agent of each of the parties hereto.

         Section 13.3 Severability. Any provision of 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 other jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

         Section 13.4 Counterparts. This Agreement may be executed in
counterparts, each of which shall be deemed to be an original, and all such
counterparts shall be deemed to constitute one and the same instrument.

         Section 13.5 No Waiver. The failure in any one or more instances of a
party to insist upon performance of any of the terms, covenants or conditions of
this Agreement, to exercise any right or privilege in this Agreement conferred,
or to waive any breach of any of the terms, covenants or conditions of this
Agreement, shall not be construed as a subsequent waiver of any such terms,
covenants, conditions, rights or privileges, but the same shall continue and
remain in full force and effect as if no such forbearance or waiver had
occurred. No waiver shall be effective unless it is in writing and signed by an
authorized representative of the waiving party.

         Section 13.6 Assignment. This Agreement and all the rights and
obligations granted hereby shall bind and inure to the benefit of the parties
hereto and their respective successors and assigns, it being expressly agreed
that this Agreement shall not be assigned nor shall any rights or obligations
arising hereunder be transferred by one party without the prior written consent
of the other party.

         Section 13.7 Fees, Costs and Expenses. Each party shall be responsible
for its own fees, costs and expenses incurred by it in connection with this
Agreement.

         Section 13.8 Third Party Beneficiaries. Except for the Persons released
under or entitled to indemnification pursuant to this Agreement and the Tax
Sharing and Indemnification Agreement (who shall be third party beneficiaries),
nothing in this Agreement is intended to

                                       16
<PAGE>

create, nor shall anything in this Agreement be deemed to create or have
created, any third party beneficiary rights.

         Section 13.9 Construction. Words importing the singular shall include
the plural and vice versa, and words importing a gender shall include other
genders. Whenever the context may require, any pronoun shall include the
corresponding masculine, feminine or neuter form. The words "include,"
"includes" and "including" shall be deemed to be followed by the phrase "without
limitation." The headings contained in this Agreement are inserted for
convenience only and shall not constitute a part hereof or affect any
interpretation hereof. All references herein to Articles, Section and
subsections shall be deemed to be references to Articles, Sections and
subsections of this Agreement unless the context shall otherwise require.
References in this Agreement to any Article shall include all subsections and
paragraphs in such Section and references in this Agreement to any subsection
shall include all paragraphs in such subsection. The exhibits and attachments to
the Schedules form an integral part of the Schedules and are incorporated by
reference for all purposes as if set forth fully therein. Unless the context
shall otherwise require or provide, any reference to any agreement or other
instrument or statute, regulation or other Law is to such agreement, instrument,
statute, regulation or other Law as amended and supplemented from time to time
(and, in the case of a statute, regulation or other Law, to any successor
provision); provided, however, that no representation or warranty herein shall
be deemed to have been breached because of the adoption of any new statute,
regulation or other Law, any amendment of or change in any statute regulation or
other Law or any change in interpretation of any statute, regulation or other
Law, in any event, issued or otherwise occurring subsequent to the date hereof.
This Agreement shall be construed in accordance with its fair meaning and shall
not be construed strictly against either party, without regard to which party
drafted this Agreement.

         Section 13.10 Consent to Jurisdiction and Related Matters.

                  (a) Jurisdiction. Each of the parties hereto hereby
         irrevocably and unconditionally submits, for itself and its property,
         to the jurisdiction of any Colorado state court or Federal court
         sitting in the State of Colorado and any appellate court from any
         thereof, in any action or proceeding arising out of or relating to this
         Agreement or the transactions contemplated hereby or for recognition or
         enforcement of any judgment relating thereto, and each of the parties
         hereto hereby irrevocably and unconditionally agrees that all claims in
         respect of any such action or proceeding may be heard and determined in
         such Colorado State court or, to the extent permitted by law, in such
         Federal court. Each of the parties hereto agrees that a final judgment
         in any such action or proceeding shall be conclusive and may be
         enforced in other jurisdictions by suit on the judgment or in any other
         manner provided by law.

                  (b) Venue. Each of the parties hereto hereby irrevocably and
         unconditionally waives, to the fullest extent it may legally and
         effectively do so, any objection that it may now or hereafter have to
         the laying of venue of any suit, action or proceeding arising out of
         relating to this Agreement or the transactions contemplated hereby in
         any Colorado State or Federal court. Each of the parties hereto hereby
         irrevocably and unconditionally waives, to the fullest extent permitted
         by law, the defense of any inconvenient forum to the maintenance of
         such action or proceeding in any such court.

                                       17
<PAGE>

         Section 13.11 Waiver of Jury Trial.

                  (a) EACH PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY
         CONTROVERSY THAT MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE
         COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT HEREBY IRREVOCABLY
         AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN
         RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR
         RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

                  (b) EACH PARTY HERETO CERTIFIES AND ACKNOWLEDGES THAT (1) NO
         REPRESENTATIVE, AGENT OR ATTORNEY OR ANY OTHER PARTY HAS REPRESENTED,
         EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT
         OF LITIGATION, SEEK TO ENFORCE THE WAIVERS SET FORTH IN CLAUSE (a) OF
         THIS SECTION 13.11, (2) IT UNDERSTANDS AND HAS CONSIDERED THE
         IMPLICATIONS OF SUCH WAIVERS, (3) IT MAKES SUCH WAIVERS VOLUNTARILY,
         AND (4) IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG
         OTHER THINGS, THE WAIVERS AND CERTIFICATIONS IN SUCH SECTION.

         Section 13.12 Notices. All notices and other communications hereunder
shall be in writing and shall be deemed to have been given when personally
delivered, five (5) business days after mailing when mailed by certified mail,
return receipt requested, or one (1) business day after sending via Federal
Express or similar overnight courier service, or when receipt is confirmed when
sent by facsimile. Such notices or other communications shall be sent to the
following addresses, unless other addresses are subsequently specified in
writing:

         Buyer and Company:

                           United Shipping & Technology, Inc.
                           9850 51st Avenue North
                           Plymouth, Minnesota 55442
                           Attn:  Wesley Fredenburg, Esq.
                           Fax No.: (952) 941-6440
                           Phone:  (763) 843-7105

         CEX:

                           Corporate Express, Inc.
                           1 Environmental Way
                           Broomfield, Colorado 80021
                           Attn: Thomas Cullen, Esq.
                           Fax No.:  (303) 664-3908
                           Phone:  (303) 664-3960

                                       18
<PAGE>

         Section 13.13 Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONTROLLED AS TO ITS VALIDITY, ENFORCEMENT, INTERPRETATION, CONSTRUCTION, EFFECT
AND IN ALL OTHER RESPECTS BY THE LAWS OF THE STATE OF COLORADO (WITHOUT GIVING
EFFECT TO ANY CHOICE OR CONFLICT OF LAW PROVISION OR RULE THEREOF) APPLICABLE TO
CONTRACTS MADE AND TO BE PERFORMED IN THAT STATE.

         Section 13.14 Further Assurances. The parties shall execute such
further documents and perform such further acts, as may be necessary to effect
the transactions contemplated hereby.

                                       19
<PAGE>

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

                                    CORPORATE EXPRESS, INC.

                                    By:_______________________________
                                    Name:_____________________________
                                    Title:____________________________

                                    VELOCITY EXPRESS, INC.

                                    By:_______________________________
                                    Name:_____________________________
                                    Title:____________________________

                                    UNITED SHIPPING & TECHNOLOGY, INC.

                                    By:_______________________________
                                    Name:_____________________________
                                    Title:____________________________

                                       20

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