Document:

Exhibit 10.19

MOCON, INC.

DESCRIPTION OF EXECUTIVE OFFICER

COMPENSATION
ARRANGEMENTS

All of the employees of MOCON, Inc., including
executive officers, are employed “at will” and do not have employment
agreements with MOCON.  MOCON has,
however, entered into a written Executive Severance Agreement with four of its
full-time executive officers, a form of which has been filed as an exhibit to
MOCON’s annual report on Form 10-K for the year ended December 31, 2000.  The following is a description of oral compensation
arrangements between MOCON, Inc. and the following executive officers of MOCON:

	
  Name of

  Executive

  Officer

  	
   

  	
  

  

  Title

  	
   

  	
  

  

  Base Salary

  	
   

  	
  
 Bonus

  Arrangements

  	
   

  	
  

  Stock

  Options

  	
   

  	
  

  

  Other

  
	
  Robert L. Demorest

  	
   

  	
  Chairman, President and Chief Executive Officer

  	
   

  	
  $250,395 per year

  	
   

  	
  See footnotes (1) and (2) below

  	
   

  	
  Stock options to purchase shares of MOCON common
  stock are granted from time to time in the sole discretion of the
  Compensation Committee of the MOCON board of directors

  	
   

  	
  Under the MOCON, Inc. Savings and Retirement Plan, participants, including executive
  officers, may voluntarily request that MOCON reduce pre-tax compensation by
  up to 75% (subject to certain special limitations) and contribute such
  amounts to a trust. MOCON contributed an amount equal to 25% of the first 6%
  of the amount that each participant contributed under this plan. MOCON
  provides an automobile for each of its full-time executive officers.
  Executive Officers generally receive 3-5 weeks vacation per year. MOCON
  employees, including its executive officers, are compensated for forfeited
  vacation. Executive officers are reimbursed for expenses incurred in the
  ordinary course of business. Executive officers receive other benefits
  received by other MOCON employees, including health, dental and life
  insurance benefits.

  
	
  Daniel W. Mayer

  	
   

  	
  Executive Vice President

  	
   

  	
  $189,086 per year

  	
   

  	
  See footnotes (1) and (2) below

  	
   

  	
  See above

  	
   

  	
  See above

  
	
  Darrell B. Lee

  	
   

  	
  Vice President, Chief Financial Officer, Treasurer
  and Secretary

  	
   

  	
  $139,650 per year

  	
   

  	
  See footnotes (1) and (2) below

  	
   

  	
  See above

  	
   

  	
  See above

  

 

 

	
  Douglas J. Lindemann

  	
   

  	
  Vice President and General Manager

  	
   

  	
  $161,205 per year

  	
   

  	
  See footnotes (1) and (2) below

  	
   

  	
  See above

  	
   

  	
  See above

  
	
  Ronald A. Meyer

  	
   

  	
  Vice President

  	
   

  	
  $84.10 per hour

  	
   

  	
  See footnote (1) below

  	
   

  	
  See above

  	
   

  	
  See above

  

(1)                                  MOCON
provides its executive officers and other employees a direct financial
incentive to achieve MOCON’s annual profit goals through the MOCON, Inc.
Incentive Pay Plan, which was established pursuant to resolutions of the Compensation
Committee effective January 1, 2003 and filed as an exhibit to MOCON’s annual
report on Form 10-K for the year ended December 31, 2002.  Under the Incentive Pay Plan, annual goals
are measured by MOCON’s annual net income before income taxes and incentives
for Mr. Demorest, Mr. Lee, Mr. Lindemann, Mr. Mayer and Mr. Meyer, who
have overall corporate responsibilities. 
The Incentive Pay Plan contemplates that each year the Compensation
Committee will establish goal amounts for MOCON’s executive officers and will
determine the percentage of salary at goal for MOCON’s executive officers.  On December 22, 2006, the Compensation
Committee established these goal amounts and determined these percentages.  Although the goal amounts are confidential,
the 2007 percentages of salary at goal range from thirty-five percent to
sixty-five percent of 2007 base salary earned, at goal, with the actual
incentive paid based on the percentage of goal achieved, up to a maximum of one
hundred fifty percent.  The fiscal 2007 goals
and percentages of salary were set forth in resolutions approved by the
Compensation Committee and are not otherwise set forth in any written
agreements between MOCON and the executive officers.  The following are the amounts paid to each of
MOCON’s executive officers under the Incentive Pay Plan with respect to fiscal
2006:  Mr. Demorest: $204,490; Mr. Mayer:
$95,077; Mr. Lee: $61,473; Mr. Lindemann: $62,268 and Mr. Meyer: $15,153.  These amounts were paid in July 2006 and
March 2007.

(2)                                  On December 22, 2006, the Compensation
Committee established individual special performance related bonus arrangements
for Messrs. Demorest, Mayer, Lee and Lindemann to further motivate these
individuals to attain certain company-related performance goals in addition to
the profitability performance-related goals covered under MOCON’s Incentive Pay
Plan.  While the specific performance
goals remain confidential, the bonuses if paid will be in the form of an extra
week of paid vacation and an all-expense paid trip for two, up to maximum
amounts ranging from $10,000 to $13,000. 
The terms of the fiscal 2007 special performance related bonuses were
set forth in resolutions approved by the Compensation Committee and are not
otherwise set forth in any written agreements between MOCON and the executive
officers.Exhibit
10.1

EXECUTION COPY

J.B. HUNT
TRANSPORT, INC.

J.B. HUNT TRANSPORT SERVICES, INC.

 

$200,000,000 5.31%
Senior Notes due March 29, 2011

NOTE PURCHASE
AGREEMENT

 

Dated as of March
15, 2007

 

TABLE OF CONTENTS

 

	
  Section

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  1.

  	
  AUTHORIZATION OF NOTES.

  	
  1

  
	
   

  	
  1.1

  	
  Description of Notes to be Issued.

  	
  1

  
	
   

  	
  1.2

  	
  Parent Guaranty.

  	
  1

  
	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
  SALE AND PURCHASE OF NOTES.

  	
  2

  
	
   

  	
   

  	
   

  
	
  3.

  	
  CLOSING.

  	
  2

  
	
   

  	
   

  	
   

  
	
  4.

  	
  CONDITIONS TO CLOSING.

  	
  2

  
	
   

  	
  4.1

  	
  Representations and Warranties.

  	
  2

  
	
   

  	
  4.2

  	
  Performance; No Default.

  	
  2

  
	
   

  	
  4.3

  	
  Compliance Certificates.

  	
  3

  
	
   

  	
  4.4

  	
  Opinions of Counsel.

  	
  3

  
	
   

  	
  4.5

  	
  Purchase Permitted By Applicable
  Law, etc.

  	
  3

  
	
   

  	
  4.6

  	
  Sale of Other Notes.

  	
  3

  
	
   

  	
  4.7

  	
  Payment of Special Counsel Fees.

  	
  4

  
	
   

  	
  4.8

  	
  Private Placement Number.

  	
  4

  
	
   

  	
  4.9

  	
  Changes in Corporate Structure.

  	
  4

  
	
   

  	
  4.10

  	
  Parent Guaranty.

  	
  4

  
	
   

  	
  4.11

  	
  Funding Instructions.

  	
  4

  
	
   

  	
  4.12

  	
  Proceedings and Documents.

  	
  4

  
	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
  REPRESENTATIONS AND WARRANTIES OF
  THE COMPANY.

  	
  4

  
	
   

  	
  5.1

  	
  Organization; Power and Authority.

  	
  5

  
	
   

  	
  5.2

  	
  Authorization, etc.

  	
  5

  
	
   

  	
  5.3

  	
  Disclosure.

  	
  5

  
	
   

  	
  5.4

  	
  Organization and Ownership of
  Shares of Subsidiaries; Affiliates.

  	
  6

  
	
   

  	
  5.5

  	
  Financial Statements; Material
  Liabilities.

  	
  6

  
	
   

  	
  5.6

  	
  Compliance with Laws, Other
  Instruments, etc.

  	
  7

  
	
   

  	
  5.7

  	
  Governmental Authorizations, etc.

  	
  7

  
	
   

  	
  5.8

  	
  Litigation; Observance of Statutes
  and Orders.

  	
  7

  
	
   

  	
  5.9

  	
  Taxes.

  	
  8

  
	
   

  	
  5.10

  	
  Title to Property; Leases.

  	
  8

  
	
   

  	
  5.11

  	
  Licenses, Permits, etc.

  	
  8

  
	
   

  	
  5.12

  	
  Compliance with ERISA.

  	
  9

  
	
   

  	
  5.13

  	
  Private Offering by the Company.

  	
  10

  
	
   

  	
  5.14

  	
  Use of Proceeds; Margin
  Regulations.

  	
  10

  
	
   

  	
  5.15

  	
  Existing Indebtedness; Future
  Liens.

  	
  10

  
	
   

  	
  5.16

  	
  Foreign Assets Control Regulations,
  etc.

  	
  11

  
	
   

  	
  5.17

  	
  Status under Certain Statutes.

  	
  11

  
	
   

  	
  5.18

  	
  Environmental Matters.

  	
  11

  
	
   

  	
   

  	
   

  	
   

  
	
  6.

  	
  REPRESENTATIONS OF THE PURCHASERS.

  	
  12

  

 

 i
 

 

	
  

  	
  6.1

  	
  Purchase for Investment.

  	
  12

  
	
   

  	
  6.2

  	
  Source of Funds.

  	
  12

  
	
   

  	
  6.3

  	
  Accredited Investor.

  	
  14

  
	
   

  	
   

  	
   

  	
   

  
	
  7.

  	
  INFORMATION AS TO PARENT.

  	
  14

  
	
   

  	
  7.1

  	
  Financial and Business Information.

  	
  14

  
	
   

  	
  7.2

  	
  Officer’s Certificate.

  	
  16

  
	
   

  	
  7.3

  	
  Electronic Delivery.

  	
  17

  
	
   

  	
  7.4

  	
  Visitation.

  	
  17

  
	
   

  	
   

  	
   

  	
   

  
	
  8.

  	
  PREPAYMENT OF THE NOTES.

  	
  18

  
	
   

  	
  8.1

  	
  No Scheduled Prepayments.

  	
  18

  
	
   

  	
  8.2

  	
  Optional Prepayments with
  Make-Whole Amount.

  	
  18

  
	
   

  	
  8.3

  	
  Mandatory Offer to Prepay Upon
  Change of Control.

  	
  18

  
	
   

  	
  8.4

  	
  Allocation of Partial Prepayments.

  	
  20

  
	
   

  	
  8.5

  	
  Maturity; Surrender, etc.

  	
  20

  
	
   

  	
  8.6

  	
  Purchase of Notes.

  	
  20

  
	
   

  	
  8.7

  	
  Make-Whole Amount.

  	
  20

  
	
   

  	
   

  	
   

  	
   

  
	
  9.

  	
  AFFIRMATIVE COVENANTS.

  	
  22

  
	
   

  	
  9.1

  	
  Compliance with Law.

  	
  22

  
	
   

  	
  9.2

  	
  Insurance.

  	
  22

  
	
   

  	
  9.3

  	
  Maintenance of Properties.

  	
  22

  
	
   

  	
  9.4

  	
  Payment of Taxes and Claims.

  	
  23

  
	
   

  	
  9.5

  	
  Corporate Existence, etc.

  	
  23

  
	
   

  	
  9.6

  	
  Books and Records.

  	
  23

  
	
   

  	
  9.7

  	
  Subsidiary Guaranty; Release.

  	
  23

  
	
   

  	
  9.8

  	
  Pari Passu Ranking.

  	
  24

  
	
   

  	
   

  	
   

  	
   

  
	
  10.

  	
  NEGATIVE COVENANTS.

  	
  24

  
	
   

  	
  10.1

  	
  Ratio of Adjusted Debt to Cash
  Flow.

  	
  24

  
	
   

  	
  10.2

  	
  Fixed Charge Coverage Ratio.

  	
  25

  
	
   

  	
  10.3

  	
  Priority Debt.

  	
  25

  
	
   

  	
  10.4

  	
  Liens.

  	
  25

  
	
   

  	
  10.5

  	
  Subsidiary Indebtedness

  	
  26

  
	
   

  	
  10.6

  	
  Mergers, Consolidations, etc.

  	
  27

  
	
   

  	
  10.7

  	
  Sale of Assets.

  	
  27

  
	
   

  	
  10.8

  	
  Nature of Business.

  	
  29

  
	
   

  	
  10.9

  	
  Transactions with Affiliates.

  	
  29

  
	
   

  	
  10.10

  	
  Terrorism Sanctions Regulations.

  	
  29

  
	
   

  	
   

  	
   

  	
   

  
	
  11.

  	
  EVENTS OF DEFAULT.

  	
  29

  
	
   

  	
   

  	
   

  
	
  12.

  	
  REMEDIES ON DEFAULT, ETC.

  	
  31

  
	
   

  	
  12.1

  	
  Acceleration.

  	
  31

  
	
   

  	
  12.2

  	
  Other Remedies.

  	
  32

  
	
   

  	
  12.3

  	
  Rescission.

  	
  32

  

 

 ii
 

 

	
  

  	
  12.4

  	
  No Waivers or Election of Remedies,
  Expenses, etc.

  	
  33

  
	
   

  	
   

  	
   

  	
   

  
	
  13.

  	
  REGISTRATION; EXCHANGE;
  SUBSTITUTION OF NOTES.

  	
  33

  
	
   

  	
  13.1

  	
  Registration of Notes.

  	
  33

  
	
   

  	
  13.2

  	
  Transfer and Exchange of Notes.

  	
  33

  
	
   

  	
  13.3

  	
  Replacement of Notes.

  	
  34

  
	
   

  	
   

  	
   

  	
   

  
	
  14.

  	
  PAYMENTS ON NOTES.

  	
  34

  
	
   

  	
  14.1

  	
  Place of Payment.

  	
  34

  
	
   

  	
  14.2

  	
  Home Office Payment.

  	
  34

  
	
   

  	
   

  	
   

  	
   

  
	
  15.

  	
  EXPENSES, ETC.

  	
  35

  
	
   

  	
  15.1

  	
  Transaction Expenses.

  	
  35

  
	
   

  	
  15.2

  	
  Survival.

  	
  35

  
	
   

  	
   

  	
   

  	
   

  
	
  16.

  	
  SURVIVAL OF REPRESENTATIONS AND
  WARRANTIES; ENTIRE AGREEMENT.

  	
  36

  
	
   

  	
   

  	
   

  
	
  17.

  	
  AMENDMENT AND WAIVER.

  	
  36

  
	
   

  	
  17.1

  	
  Requirements.

  	
  36

  
	
   

  	
  17.2

  	
  Solicitation of Holders of Notes.

  	
  36

  
	
   

  	
  17.3

  	
  Binding Effect, etc.

  	
  37

  
	
   

  	
  17.4

  	
  Notes held by Company, etc.

  	
  37

  
	
   

  	
   

  	
   

  	
   

  
	
  18.

  	
  NOTICES.

  	
  37

  
	
   

  	
   

  	
   

  
	
  19.

  	
  REPRODUCTION OF DOCUMENTS.

  	
  38

  
	
   

  	
   

  	
   

  
	
  20.

  	
  CONFIDENTIAL INFORMATION.

  	
  38

  
	
   

  	
   

  	
   

  
	
  21.

  	
  SUBSTITUTION OF PURCHASER.

  	
  39

  
	
   

  	
   

  	
   

  
	
  22.

  	
  MISCELLANEOUS.

  	
  39

  
	
   

  	
  22.1

  	
  Successors and Assigns.

  	
  39

  
	
   

  	
  22.2

  	
  Payments Due on Non-Business Days.

  	
  39

  
	
   

  	
  22.3

  	
  Accounting Terms.

  	
  40

  
	
   

  	
  22.4

  	
  Severability.

  	
  40

  
	
   

  	
  22.5

  	
  Construction.

  	
  40

  
	
   

  	
  22.6

  	
  Counterparts.

  	
  40

  
	
   

  	
  22.7

  	
  Governing Law.

  	
  40

  
	
   

  	
  22.8

  	
  Jurisdiction and Process; Waiver of
  Jury Trial.

  	
  41

  

 

 iii
 

 

	
  

  	
   

  	
   

  
	
  SCHEDULE A

  	
  —

  	
  Information Relating to Purchasers

  
	
  SCHEDULE B

  	
  —

  	
  Defined Terms

  
	
   

  	
   

  	
   

  
	
  SCHEDULE 5.3

  	
  —

  	
  Disclosure

  
	
  SCHEDULE 5.4

  	
  —

  	
  Organization and Ownership of Shares of
  Subsidiaries; Affiliates

  
	
  SCHEDULE 5.5

  	
  —

  	
  Financial Statements

  
	
  SCHEDULE 5.8

  	
  —

  	
  Litigation

  
	
  SCHEDULE 5.14

  	
  —

  	
  Use of Proceeds

  
	
  SCHEDULE 5.15

  	
  —

  	
  Existing Indebtedness

  
	
  SCHEDULE 10.4

  	
  —

  	
  Liens

  
	
  SCHEDULE 10.5

  	
  —

  	
  Subsidiary Indebtedness

  
	
   

  	
   

  	
   

  
	
  EXHIBIT 1.1

  	
  —

  	
  Form of Senior Note

  
	
  EXHIBIT 1.2

  	
  —

  	
  Form of Parent Guaranty

  
	
  EXHIBIT 4.4(a)

  	
  —

  	
  Form of Opinion of Special Counsel for the Company

  
	
  EXHIBIT 4.4(b)

  	
  —

  	
  Form of Opinion of Special Counsel to the Purchasers

  
	
  EXHIBIT 9.7

  	
  —

  	
  Form of
  Subsidiary Guaranty

  

 

 iv

J.B. HUNT
TRANSPORT, INC.

J.B. HUNT TRANSPORT SERVICES, INC.

615 J.B. Hunt Corporate Drive

Lowell, AR 72745

Phone: 479-820-0000

Fax: 479-659-6297

$200,000,000 5.31%
Senior Notes due March 29, 2011

Dated as of March
15, 2007

TO EACH OF THE PURCHASERS
LISTED IN

THE ATTACHED SCHEDULE A:

Ladies and Gentlemen:

J.B. HUNT TRANSPORT SERVICES, INC., an Arkansas
corporation (the “Parent”), and J.B. HUNT TRANSPORT, INC., a Georgia
corporation and a Subsidiary of the Parent (the “Company”), agree with you as
follows:

1.             AUTHORIZATION
OF NOTES.

1.1          Description of Notes to be Issued.

The
Company has authorized the issue and sale of $200,000,000 aggregate principal
amount of its 5.31% Senior Notes due March 29, 2011 (the “Notes”, such term to
include any such Notes issued in substitution therefor pursuant to Section 13
of this Agreement).  The Notes shall be
substantially in the form set out in Exhibit 1, with such changes
therefrom, if any, as may be approved by you, the Other Purchasers of such
Notes and the Company.  Certain
capitalized terms used in this Agreement are defined in Schedule B; references
to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule
or an Exhibit attached to this Agreement.

1.2          Parent Guaranty.

The
payment by the Company of all amounts due with respect to the Notes and the
performance by the Company of its obligations under this Agreement will be
guaranteed by the Parent pursuant to the Parent Guaranty in substantially the
form of the attached Exhibit 1.2, as it hereafter may be amended or
supplemented from time to time (the “Parent Guaranty”).

2.             SALE
AND PURCHASE OF NOTES.

Subject
to the terms and conditions of this Agreement, the Company will issue and sell
to you and each of the other purchasers named in Schedule A (the “Other
Purchasers”), and you and the Other Purchasers will purchase from the Company,
at the Closing provided for in Section 3, Notes in the principal amount
specified opposite your names in Schedule A at the purchase price of 100% of
the principal amount thereof.  Your
obligation hereunder and the obligations of the Other Purchasers are several
and not joint obligations and you shall have no obligation and no liability to
any Person for the performance or non-performance by any Other Purchaser
hereunder.

3.             CLOSING.

The
sale and purchase of the Notes to be purchased by you and the Other Purchasers
shall occur at the offices of Foley & Lardner LLP, 321 North Clark Street,
Suite 2800, Chicago, Illinois 60610-4764, at 9:00 a.m., Chicago time, at a
closing (the “Closing”) on March 29, 2007 or on such other Business Day
thereafter as may be agreed upon by the Company and you and the Other
Purchasers.  The date or time of the
Closing may be changed to such other Business Day as may be agreed upon by the
Company and the Purchasers.  At the
Closing the Company will deliver to you the Notes to be purchased by you in the
form of a single Note (or such greater number of Notes in denominations of at
least $500,000 as you may request) dated the date of such Closing and registered
in your name (or in the name of your nominee), against delivery by you to the
Company or its order of immediately available funds in the amount of the
purchase price therefor by wire transfer for the account of the Company to
account number 5800299264  at LaSalle
Bank, N.A., 135 South LaSalle Street, Chicago, Illinois 606603, ABA number
071000505.  If at the Closing the Company
shall fail to tender such Notes to you as provided above in this
Section 3, or any of the conditions specified in Section 4 shall not have
been fulfilled to your satisfaction, you shall, at your election, be relieved
of all further obligations under this Agreement, without thereby waiving any
rights you may have by reason of such failure or such nonfulfillment.

4.             CONDITIONS
TO CLOSING.

Your
obligation to purchase and pay for the Notes to be sold to you at the Closing
is subject to the fulfillment to your satisfaction, prior to or at the Closing,
of the following conditions:

4.1          Representations and Warranties.

The
representations and warranties of the Parent and the Company in this Agreement
shall be correct when made and at the time of the Closing.

4.2          Performance; No Default.

The
Parent and the Company shall have performed and complied with all agreements
and conditions contained in this Agreement required to be performed or complied
with by them prior to or at the Closing, and, after giving effect to the issue
and sale of the Notes (and the application of the proceeds thereof as
contemplated by Section 5.14), no Default or

 2
 

Event of Default shall have occurred and be
continuing.  Neither the Parent nor any
Subsidiary shall have entered into any transaction since December 31, 2006 that
would have been prohibited by Section 10 had such Section applied since such
date.

4.3          Compliance Certificates.

(a)           Officer’s Certificate.  Each of the Parent and the Company shall have
delivered to you an Officer’s Certificate, dated the date of Closing,
certifying that the conditions specified in Sections 4.1, 4.2 and 4.9 have been
fulfilled.

(b)           Secretary’s Certificates.  Each of the Parent and the Company shall have
delivered to you a certificate of its Secretary or an Assistant Secretary,
dated the date of Closing, certifying as to the resolutions attached thereto
and other corporate proceedings relating to the authorization, execution and
delivery of the Notes and this Agreement.

4.4          Opinions of Counsel.

You
shall have received opinions in form and substance satisfactory to you, dated
the date of such Closing (a) from Wright, Lindsey & Jennings LLP, counsel
for the Parent and the Company, covering the matters set forth in Exhibit
4.4(a) and covering such other matters incident to the transactions
contemplated hereby as you or your counsel may reasonably request (and the
Company instructs its counsel to deliver such opinion to you), and (b) from
Foley & Lardner LLP, your special counsel in connection with such
transactions, substantially in the form set forth in Exhibit 4.4(b) and
covering such other matters incident to such transactions as you may reasonably
request.

4.5          Purchase Permitted By Applicable Law,
etc.

On
the date of the Closing your purchase of Notes shall (i) be permitted by
the laws and regulations of each jurisdiction to which you are subject, without
recourse to provisions (such as Section 1405(a)(8) of the New York Insurance
Law) permitting limited investments by insurance companies without restriction
as to the character of the particular investment, (ii) not violate any
applicable law or regulation (including, without limitation, Regulation U, T or
X of the Board of Governors of the Federal Reserve System) and (iii) not
subject you to any tax, penalty or liability under or pursuant to any
applicable law or regulation, which law or regulation was not in effect on the
date hereof.  If requested by you, you
shall have received an Officer’s Certificate certifying as to such matters of
fact as you may reasonably specify to enable you to determine whether such
purchase is so permitted.

4.6          Sale of Other Notes.

Contemporaneously
with the Closing, the Company shall sell to the Other Purchasers and the Other
Purchasers shall purchase the Notes to be purchased by them as specified in
Schedule A.

 3
 

4.7          Payment of Special Counsel Fees.

Without
limiting the provisions of Section 15.1, the Company shall have paid on or
before the Closing the fees, charges and disbursements of your special counsel
to the extent reflected in a statement of such counsel rendered to the Company
at least one Business Day prior to the Closing.

4.8          Private Placement Number.

A
Private Placement Number issued by Standard & Poor’s CUSIP Service Bureau
(in cooperation with the SVO) shall have been obtained by Foley & Lardner
LLP for the Notes.

4.9          Changes in Corporate Structure.

Neither
the Parent nor the Company shall have changed its jurisdiction of incorporation
or been a party to any merger or consolidation or succeeded to all or any
substantial part of the liabilities of any other entity, at any time since
December 31, 2006.

4.10        Parent Guaranty.

The
Parent shall have executed and delivered the Parent Guaranty and you shall have
received an executed counterpart thereof.

4.11        Funding Instructions.

At
least three Business Days prior to the date of the Closing, you shall have
received written instructions signed by a Responsible Officer on letterhead of
the Company confirming the information specified in Section 3 including (i) the
name and address of the transferee bank, (ii) such transferee bank’s ABA number
and (iii) the account name and number into which the purchase price for the
Notes is to be deposited.

4.12        Proceedings and Documents.

All
corporate and other proceedings in connection with the transactions
contemplated by this Agreement and all documents and instruments incident to
such transactions shall be satisfactory to you and your special counsel, and
you and your special counsel shall have received all such counterpart originals
or certified or other copies of such documents as you or they may reasonably
request.

4.13        Credit Agreement.

The
Parent and the banks party thereto shall have entered into the Credit Agreement
and you shall have received a copy of a fully executed counterpart thereof.

5.             REPRESENTATIONS
AND WARRANTIES OF THE COMPANY.

The
Parent and the Company, jointly and severally, represent and warrant to you
that:

 4
 

5.1          Organization; Power and Authority.

Each
of the Parent and the Company is a corporation duly incorporated and validly
existing and in good standing under the laws of its jurisdiction of
incorporation, and is duly qualified as a foreign corporation and is in good
standing in each jurisdiction in which such qualification is required by law,
other than those jurisdictions as to which the failure to be so qualified or in
good standing could not, individually or in the aggregate, reasonably be expected
to have a Material Adverse Effect.  Each
of the Parent and the Company has the corporate power and authority to own or
hold under lease the properties it purports to own or hold under lease, to
transact the business it transacts and proposes to transact, to execute and
deliver this Agreement, and the Notes (in the case of the Company) and the
Parent Guaranty (in the case of the Parent) and to perform the provisions
hereof and thereof.

5.2          Authorization, etc.

This
Agreement and the Notes have been duly authorized by all necessary corporate
action on the part of the Company, and this Agreement constitutes, and upon
execution and delivery thereof each Note will constitute, a legal, valid and
binding obligation of the Company enforceable against the Company in accordance
with its terms, except as such enforceability may be limited by (i) applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws
affecting the enforcement of creditors’ rights generally and (ii) general
principles of equity (regardless of whether such enforceability is considered
in a proceeding in equity or at law).

This
Agreement and the Parent Guaranty have been duly authorized by all necessary
corporate action on the part of the Parent, and this Agreement constitutes, and
upon execution and delivery thereof the Parent Guaranty will constitute the
legal, valid and binding obligation of the Parent, enforceable against the
Parent in accordance with its terms, except as such enforceability may be
limited by (i) applicable bankruptcy, insolvency, reorganization, fraudulent
conveyance, fraudulent transfer, moratorium or other similar laws affecting the
enforcement of creditors’ rights generally and (ii) general principles of
equity (regardless of whether such enforceability is considered in a proceeding
in equity or at law).

5.3          Disclosure.

The
Parent and the Company, through their agent, J.P. Morgan Securities Inc., has
delivered to you and each Other Purchaser a copy of a Private Placement
Memorandum, dated March 2007 (the “Memorandum”), relating to the transactions
contemplated hereby.  The Memorandum
fairly describes, in all material respects, the general nature of the business
and principal properties of the Parent and its Subsidiaries.  This Agreement, the Memorandum (including the
Parent’s SEC filings referred to therein), the documents, certificates or other
writings identified in Schedule 5.3 by or on behalf of the Parent in connection
with the transactions contemplated hereby and the financial statements listed
in Schedule 5.5, in each case, delivered to the Purchasers prior to March 19,
2007 (this Agreement, the Memorandum and such documents, certificates or other
writings and such financial statements being referred to, collectively, as the “Disclosure
Documents”), taken as a whole, do not contain any untrue statement of a
material fact or omit to state any material fact necessary to make the
statements

 5
 

therein not misleading in light of the circumstances
under which they were made.  Except as
disclosed in the Disclosure Documents, since December 31, 2006, there has been
no change in the financial condition, operations, business or properties of the
Parent or any Subsidiary except changes that individually or in the aggregate
could not reasonably be expected to have a Material Adverse Effect.  There is no fact known to the Parent or the
Company that could reasonably be expected to have a Material Adverse Effect
that has not been set forth herein or in the Disclosure Documents.

5.4          Organization and Ownership of Shares
of Subsidiaries; Affiliates.

(a)           Schedule 5.4 contains (except as
noted therein) complete and correct lists of (i) the Parent’s
Subsidiaries, showing, as to each Subsidiary, the correct name thereof, the
jurisdiction of its organization and the percentage of shares of each class of
its capital stock or similar equity interests outstanding owned by the Parent
and each other Subsidiary, (ii) the Parent’s Affiliates, other than
Subsidiaries, and (iii) the Parent’s directors and senior officers.

(b)           All of the outstanding shares of
capital stock or similar equity interests of each Subsidiary shown in Schedule
5.4 as being owned by the Parent and its Subsidiaries have been validly issued,
are fully paid and nonassessable and are owned by the Parent or another Subsidiary
(except as otherwise disclosed in Schedule 5.4) free and clear of any Lien
(except as otherwise disclosed in Schedule 5.4).

(c)           Each Subsidiary identified in
Schedule 5.4 is a corporation or other legal entity duly organized, validly
existing and in good standing or equivalent status under the laws of its
jurisdiction of organization, and is duly qualified as a foreign corporation or
other legal entity and is in good standing in each jurisdiction in which such
qualification is required by law, other than those jurisdictions as to which
the failure to be so qualified or in good standing could not, individually or
in the aggregate, reasonably be expected to have a Material Adverse
Effect.  Each such Subsidiary has the
corporate or other power and authority to own or hold under lease the
properties it purports to own or hold under lease and to transact the business
it transacts and proposes to transact.

(d)           No Subsidiary is a party to, or
otherwise subject to any legal, regulatory, contractual or other restriction
restricting the ability of such Subsidiary to pay dividends out of profits or
make any other similar distributions of profits to the Parent or any of its
Subsidiaries that owns outstanding shares of capital stock or similar equity
interests of such Subsidiary.

5.5          Financial Statements; Material
Liabilities.

The
Parent has delivered to you and each Other Purchaser copies of the financial
statements of the Parent and its Subsidiaries listed on Schedule 5.5.  All of said financial statements (including
in each case the related schedules and notes) fairly present in all material
respects the consolidated financial position of the Parent and its Subsidiaries
as of the respective dates specified in such Schedule and the consolidated
results of their operations and cash flows for the respective periods so
specified and have been prepared in accordance with GAAP

 6
 

consistently applied throughout the periods involved
except as set forth in the notes thereto (subject, in the case of any interim
financial statements, to normal year-end adjustments).  The Parent and its Subsidiaries do not have
any Material liabilities that are not disclosed on such financial statements or
otherwise disclosed in the Disclosure Documents.

5.6          Compliance with Laws, Other
Instruments, etc.

The
execution, delivery and performance by the Company of this Agreement and the
Notes will not (i) contravene, result in any breach of, or constitute a default
under, or result in the creation of any Lien in respect of any property of the
Company or any Subsidiary under, any indenture, mortgage, deed of trust, loan,
purchase or credit agreement, lease, corporate charter or by-laws, or any other
agreement or instrument to which the Company or any Subsidiary is bound or by
which the Company or any Subsidiary or any of their respective properties may
be bound, (ii) conflict with or result in a breach of any of the terms,
conditions or provisions of any order, judgment, decree, or ruling of any
court, arbitrator or Governmental Authority applicable to the Company or any
Subsidiary or (iii) violate any provision of any statute or other rule or
regulation of any Governmental Authority applicable to the Company or any
Subsidiary.

The
execution, delivery and performance by the Parent of this Agreement and the
Parent Guaranty will not (i) contravene, result in any breach of, or constitute
a default under, or result in the creation of any Lien in respect of any
property of the Parent or any Subsidiary under, any indenture, mortgage, deed
of trust, loan, purchase or credit agreement, lease, corporate charter or
by-laws, or any other agreement or instrument to which the Parent or any
Subsidiary is bound or by which the Parent or any Subsidiary or any of their
respective properties may be bound, (ii) conflict with or result in a
breach of any of the terms, conditions or provisions of any order, judgment,
decree, or ruling of any court, arbitrator or Governmental Authority applicable
to the Parent or any Subsidiary or (iii) violate any provision of any statute
or other rule or regulation of any Governmental Authority applicable to the
Parent or any Subsidiary

5.7          Governmental Authorizations, etc.

No
consent, approval or authorization of, or registration, filing or declaration
with, any Governmental Authority is required in connection with the execution,
delivery or performance by the Company of this Agreement or the Notes or the
execution, delivery or performance by the Parent of this Agreement or the
Parent Guaranty.

5.8          Litigation; Observance of Statutes and
Orders.

(a)           Except as disclosed in Schedule 5.8,
there are no actions, suits, investigations or proceedings pending or, to the
knowledge of the Parent threatened against or affecting the Parent or any
Subsidiary or any property of the Parent or any Subsidiary in any court or
before any arbitrator of any kind or before or by any Governmental Authority
that, individually or in the aggregate, could reasonably be expected to have a
Material Adverse Effect.

 7
 

(b)           Neither
the Parent nor any Subsidiary is in default under any term of any agreement or
instrument to which it is a party or by which it is bound, or any order,
judgment, decree or ruling of any court, arbitrator or Governmental Authority
or is in violation of any applicable law, ordinance, rule or regulation (including
Environmental Laws and the USA Patriot Act) of any Governmental Authority,
which default or violation, individually or in the aggregate, could reasonably
be expected to have a Material Adverse Effect.

5.9          Taxes.

The
Parent and its Subsidiaries have filed all tax returns that are required to
have been filed in any jurisdiction, and have paid all taxes shown to be due
and payable on such returns and all other taxes and assessments levied upon
them or their properties, assets, income or franchises, to the extent such
taxes and assessments have become due and payable and before they have become
delinquent, except for any taxes and assessments (i) the amount of which is
not, individually or in the aggregate, Material or (ii) the amount,
applicability or validity of which is currently being contested in good faith
by appropriate proceedings and with respect to which the Company or a
Subsidiary, as the case may be, has established adequate reserves in accordance
with GAAP.  Neither the Parent nor the
Company know of any basis for any other tax or assessment that could reasonably
be expected to have a Material Adverse Effect. 
The charges, accruals and reserves on the books of the Parent and its
Subsidiaries in respect of Federal, state or other taxes for all fiscal periods
are adequate in accordance with past practices. 
The Federal income tax liabilities of the Parent and its Subsidiaries
have been finally determined (whether by reason of completed audits or the
statute of limitations having run) for all fiscal years up to and including the
fiscal year ended December 31, 1998, as further described in Footnote 6 of the
notes to the most recent audited consolidated financial statements referred to
in Schedule 5.5.

5.10        Title to Property; Leases.

The
Parent and its Subsidiaries have good and sufficient title to their respective
properties that individually or in the aggregate are Material, including all
such properties reflected in the most recent audited balance sheet referred to
in Section 5.5 or purported to have been acquired by the Parent or any
Subsidiary after said date (except as sold or otherwise disposed of in the
ordinary course of business), in each case free and clear of Liens prohibited
by this Agreement.  All leases that
individually or in the aggregate are Material are valid and subsisting and are
in full force and effect in all material respects.

5.11        Licenses, Permits, etc.

(a)           The Parent and its Subsidiaries own
or possess all licenses, permits, franchises, authorizations, patents,
copyrights, proprietary software, service marks, trademarks and trade names, or
rights thereto, that individually or in the aggregate are Material, without
known conflict with the rights of others.

(b)           To the best knowledge of the Parent,
no product of the Parent or any of its Subsidiaries infringes in any material
respect any license, permit, franchise,

 8
 

authorization, patent, copyright, proprietary
software, service mark, trademark, trade name or other right owned by any other
Person.

(c)           To the best knowledge of the Parent,
there is no Material violation by any Person of any right of the Parent or any
of its Subsidiaries with respect to any patent, copyright, proprietary
software, service mark, trademark, trade name or other right owned or used by
the Parent or any of its Subsidiaries.

5.12        Compliance with ERISA.

(a)           The Parent and each ERISA Affiliate
have operated and administered each Plan in compliance with all applicable laws
except for such instances of noncompliance as have not resulted in and could
not reasonably be expected to result in a Material Adverse Effect.  Neither the Parent nor any ERISA Affiliate
has incurred any liability pursuant to Title I or IV of ERISA or the
penalty or excise tax provisions of the Code relating to employee benefit plans
(as defined in section 3 of ERISA), and no event, transaction or condition
has occurred or exists that could reasonably be expected to result in the
incurrence of any such liability by the Parent or any ERISA Affiliate, or in
the imposition of any Lien on any of the rights, properties or assets of the
Parent or any ERISA Affiliate, in either case pursuant to Title I or IV of
ERISA or to such penalty or excise tax provisions or to section 401(a)(29)
or 412 of the Code or section 4068 of ERISA, other than such liabilities or
Liens as would not be individually or in the aggregate Material.

(b)           The present value of the aggregate
benefit liabilities under each of the Plans (other than Multiemployer Plans),
determined as of the end of such Plan’s most recently ended plan year on the
basis of the actuarial assumptions specified for funding purposes in such Plan’s
most recent actuarial valuation report, did not exceed the aggregate current
value of the assets of such Plan allocable to such benefit liabilities by an
amount that, individually, or in the aggregate for all Plans, is Material.  The term “benefit liabilities” has the
meaning specified in section 4001 of ERISA and the terms “current value”
and “present value” have the meaning specified in section 3 of ERISA.

(c)           The Parent and its ERISA Affiliates
have not incurred withdrawal liabilities (and are not subject to contingent
withdrawal liabilities) under section 4201 or 4204 of ERISA in respect of
Multiemployer Plans that individually or in the aggregate are Material.

(d)           The expected postretirement benefit
obligation (determined as of the last day of the Parent’s most recently ended
fiscal year in accordance with Financial Accounting Standards Board Statement
No. 106, without regard to liabilities attributable to continuation coverage
mandated by section 4980B of the Code) of the Parent and its Subsidiaries is
not Material.

(e)           The execution and delivery of this
Agreement and the issuance and sale of the Notes hereunder will not involve any
transaction that is subject to the prohibitions of section 406 of ERISA or
in connection with which a tax could be imposed pursuant to

 9
 

section 4975(c)(1)(A)-(D) of the
Code.  The representation by the Parent
and the Company in the first sentence of this Section 5.12(e) is made in
reliance upon and subject to the accuracy of your representation in Section 6.2
as to the sources of the funds used to pay the purchase price of the Notes to
be purchased by you.

5.13        Private Offering by the Company.

None
of the Parent, the Company or anyone acting on their behalf has offered the
Notes or any similar securities for sale to, or solicited any offer to buy any
of the same from, or otherwise approached or negotiated in respect thereof
with, any person other than you, the Other Purchasers and not more than 22
other Institutional Investors, each of which has been offered the Notes at a
private sale for investment.  None of the
Parent, the Company or anyone acting on their behalf has taken, or will take,
any action that would subject the issuance or sale of the Notes to the
registration requirements of Section 5 of the Securities Act or to the
registration requirements of any securities or blue sky laws of any applicable
jurisdiction.

5.14        Use of Proceeds; Margin Regulations.

Net proceeds from the sale of the Notes will be used
to refinance existing Indebtedness as described in the Memorandum, for the
acquisition of new equipment and for general corporate purposes.  No part of the proceeds from the sale of the
Notes will be used, directly or indirectly, for the purpose of buying or
carrying any margin stock within the meaning of Regulation U of the Board of
Governors of the Federal Reserve System (12 CFR 221), or for the purpose of
buying or carrying or trading in any securities under such circumstances as to
involve the Company or the Parent in a violation of Regulation X of said Board
(12 CFR 224) or to involve any broker or dealer in a violation of Regulation T
of said Board (12 CFR 220).  Margin stock
does not constitute more than 1% of the value of the consolidated assets of the
Parent and its Subsidiaries and the Parent does not have any present intention
that margin stock will constitute more than 1% of the value of such
assets.  As used in this Section, the
terms “margin stock” and “purpose of buying or carrying” shall have the
meanings assigned to them in said Regulation U.

5.15        Existing Indebtedness; Future Liens.

(a)           Except as described therein, Schedule
5.15 sets forth a complete and correct list of all outstanding Indebtedness of
the Parent and its Subsidiaries as of December 31, 2006 (including a
description of the obligors and obligees, principal amount outstanding and
collateral therefor, if any, and guaranty thereof, if any), since which date
there has been no Material change in the amounts, interest rates, sinking
funds, installment payments or maturities of the Indebtedness of the Parent or
its Subsidiaries.  Neither the Parent nor
any Subsidiary is in default and no waiver of default is currently in effect,
in the payment of any principal or interest on any Indebtedness of the Parent
or any Subsidiary and no event or condition exists with respect to any
Indebtedness of the Parent or any Subsidiary that would permit (or that with
notice or the lapse of time, or both, would permit) one or more Persons to
cause such Indebtedness to become due and payable before its stated maturity or
before its regularly scheduled dates of payment.

 

 10

(b)           Except as disclosed
in Schedule 5.15, neither the Parent nor any Subsidiary has agreed or consented
to cause or permit in the future (upon the happening of a contingency or
otherwise) any of its property, whether now owned or hereafter acquired, to be
subject to a Lien not permitted by Section 10.5.

(c)           Neither the Parent
nor any Subsidiary is a party to, or otherwise subject to any provision
contained in, any instrument evidencing Indebtedness of the Company or such
Subsidiary, any agreement relating thereto or any other agreement (including
its charter or other organizational document) that limits the amount of, or
otherwise imposes restrictions on the incurring of, Indebtedness of the
Company, except as specifically indicated in Schedule 5.15.

5.16        Foreign
Assets Control Regulations, etc.

(a)           Neither the sale of
the Notes by the Company hereunder nor its use of the proceeds thereof will
violate the Trading with the Enemy Act, as amended, or any of the foreign
assets control regulations of the United States Treasury Department (31 CFR,
Subtitle B, Chapter V, as amended) or any enabling legislation or executive
order relating thereto.

(b)           Neither the Parent
nor any Subsidiary (i) is a Person described or designated in the Specially
Designated Nationals and Blocked Persons List of the Office of Foreign Assets
Control or in Section 1 of the Anti-Terrorism Order or (ii) to the Parent’s
knowledge, engages in any dealings or transactions with any such Person.  The Parent and its Subsidiaries are in
compliance, in all material respects, with the USA Patriot Act.

(c)           No part of the
proceeds from the sale of the Notes hereunder will be used, directly or
indirectly, in violation of the United States Foreign Corrupt Practices Act of
1977, as amended, assuming in all cases that such Act applies to the Parent.

5.17        Status
under Certain Statutes.

Neither
the Parent nor any Subsidiary is subject to regulation under the Investment
Company Act of 1940, as amended, the ICC Termination Act, as amended, or the
Federal Power Act, as amended.

5.18        Environmental
Matters.

(a)           Neither the Parent
nor any Subsidiary has knowledge of any claim or has received any notice of any
claim, and no proceeding has been instituted raising any claim against the
Parent or any of its Subsidiaries or any of their respective real properties
now or formerly owned, leased or operated by any of them or other assets,
alleging any damage to the environment or violation of any Environmental Laws,
except, in each case, such as could not reasonably be expected to result in a
Material Adverse Effect.

(b)           Neither the Parent
nor any Subsidiary has knowledge of any facts that would give rise to any
claim, public or private, of violation of Environmental Laws or 

 11
 

damage to the environment emanating from, occurring on or in any way
related to real properties now or formerly owned, leased or operated by any of
them or to other assets or their use, except, in each case, such as could not
reasonably be expected to result in a Material Adverse Effect.

(c)           Neither the Parent
nor any Subsidiary has stored any Hazardous Materials on real properties now or
formerly owned, leased or operated by any of them and has not disposed of any
Hazardous Materials in a manner contrary to any Environmental Laws in each case
in any manner that could reasonably be expected to result in a Material Adverse
Effect.

(d)           All buildings on all
real properties now owned, leased or operated by the Parent or any Subsidiary
are in compliance with applicable Environmental Laws, except where failure to
comply could not reasonably be expected to result in a Material Adverse Effect.

6.             REPRESENTATIONS OF THE PURCHASERS.

6.1          Purchase
for Investment.

You
represent that you are purchasing the Notes for your own account or for one or
more separate accounts maintained by you or for the account of one or more
pension or trust funds and not with a view to the distribution thereof,
provided that the disposition of your or their property shall at all times be
within your or their control.  You
understand that the Notes have not been registered under the Securities Act and
may be resold or otherwise transferred only if registered pursuant to the
provisions of the Securities Act or if an exemption from registration is
available, except under circumstances where neither such registration nor such
an exemption is required by law, and that the Company is not required to
register the Notes.

6.2          Source
of Funds.

You
represent that at least one of the following statements is an accurate
representation as to each source of funds (a “Source”) to be used by you to pay
the purchase price of the Notes to be purchased by you hereunder:

(a)           the Source is an “insurance
company general account” (as the term is defined in the United States
Department of Labor’s Prohibited Transaction Exemption (“PTE”) 95-60) in
respect of which the reserves and liabilities (as defined by the annual
statement for life insurance companies approved by the National Association of
Insurance Commissioners (the “NAIC Annual Statement”)) for the general account
contract(s) held by or on behalf of any employee benefit plan together with the
amount of the reserves and liabilities for the general account contract(s) held
by or on behalf of any other employee benefit plans maintained by the same
employer (or affiliate thereof as defined in PTE 95-60) or by the same employee
organization in the general account do not exceed 10% of the total reserves and
liabilities of the general account (exclusive of separate account liabilities)
plus surplus as set forth in the NAIC Annual Statement filed with your state of
domicile; or

 12
 

(b)           the Source is a
separate account that is maintained solely in connection with your fixed
contractual obligations under which the amounts payable, or credited, to any
employee benefit plan (or its related trust) that has any interest in such
separate account (or to any participant or beneficiary of such plan (including
any annuitant)) are not affected in any manner by the investment performance of
the separate account; or

(c)           the Source is either
(i) an insurance company pooled separate account, within the meaning of PTE
90-1 (issued January 29, 1990), or (ii) a bank collective investment fund,
within the meaning of PTE 91-38 (issued July 12, 1991) and, except as you have
disclosed to the Company in writing pursuant to this paragraph (c), no employee
benefit plan or group of plans maintained by the same employer or employee
organization beneficially owns more than 10% of all assets allocated to such
pooled separate account or collective investment fund; or

(d)           the Source
constitutes assets of an “investment fund” (within the meaning of Part V of PTE
84-14 (the “QPAM Exemption”)) managed by a “qualified professional asset
manager” or “QPAM” (within the meaning of Part V of the QPAM Exemption), no
employee benefit plan’s assets that are included in such investment fund, when
combined with the assets of all other employee benefit plans established or
maintained by the same employer or by an affiliate (within the meaning of
Section V(c)(1) of the QPAM Exemption) of such employer or by the same employee
organization and managed by such QPAM, exceed 20% of the total client assets
managed by such QPAM, the conditions of Part I(c) and (g) of the QPAM Exemption
are satisfied, neither the QPAM nor a person controlling or controlled by the
QPAM (applying the definition of “control” in Section V(e) of the QPAM
Exemption) owns a 5% or more interest in the Company and (i) the identity of
such QPAM and (ii) the names of all employee benefit plans whose assets are
included in such investment fund have been disclosed to the Company in writing
pursuant to this clause (d); or

(e)           the Source
constitutes assets of a “plan(s)” (within the meaning of Section IV of PTE
96-23 (the “INHAM Exemption”)) managed by an “in-house asset manager” or “INHAM”
(within the meaning of Part IV of the INHAM exemption), the conditions of Part
I(a), (g) and (h) of the INHAM Exemption are satisfied, neither the INHAM nor a
person controlling or controlled by the INHAM (applying the definition of “control”
in Section IV(h) of the INHAM Exemption) owns a 5% or more interest in the
Company and (i) the identity of such INHAM and (ii) the name(s) of the employee
benefit plan(s) whose assets constitute the Source have been disclosed to the
Company in writing pursuant to this clause (e); or

(f)            the Source is a
governmental plan; or

(g)           the Source is one or
more employee benefit plans, or a separate account or trust fund comprised of
one or more employee benefit plans, each of which has been identified to the
Company in writing pursuant to this paragraph (g); or

(h)           the Source does not
include assets of any employee benefit plan, other than a plan exempt from the
coverage of ERISA.

 13
 

As used in this Section 6.2, the terms “employee
benefit plan”, “governmental plan” and “separate account” shall have the
respective meanings assigned to such terms in Section 3 of ERISA.

6.3          Accredited
Investor.

You represent that you
are an “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) of
Regulation D under the Securities Act) acting for your own account (and not for
the account of others) or as a fiduciary or agent for others (which others are
also “accredited investors”).

7.             INFORMATION AS TO PARENT.

7.1          Financial
and Business Information.

The
Parent will deliver to each holder of Notes that is an Institutional Investor:

(a)           Quarterly
Statements — within 60 days (or such shorter period as is 15 days greater
than the period applicable to the filing of the Parent’s Quarterly Report on
Form 10-Q (“Form 10-Q”) with the SEC regardless of whether the Parent is
subject to the filing requirements thereof) after the end of each quarterly
fiscal period in each fiscal year of the Parent (other than the last quarterly
fiscal period of each such fiscal year), duplicate copies of,

(i)            a consolidated
balance sheet of the Parent and its Subsidiaries as at the end of such quarter,
and

(ii)           consolidated
statements of income and changes in stockholders’ equity and cash flows of the
Parent and its Subsidiaries for such quarter and (in the case of the second and
third quarters) for the portion of the fiscal year ending with such quarter,

(iii)          consolidated
statements of cash flows of the Parent and its Subsidiaries for such quarter or
(in the case of the second and third quarters) for the portion of the fiscal
year ending with such quarter,

setting forth
in each case in comparative form the figures for the corresponding periods in
the previous fiscal year, all in reasonable detail, prepared in accordance with
GAAP applicable to quarterly financial statements generally, and certified by a
Senior Financial Officer as fairly presenting, in all material respects, the
financial position of the companies being reported on and their results of
operations and cash flows, subject to changes resulting from year-end
adjustments and the absence of footnotes, provided that delivery within the
time period specified above of copies of the Parent’s Form 10-Q prepared in
compliance with the requirements therefor and filed with the SEC shall be
deemed to satisfy the requirements of this Section 7.1(a);

(b)           Annual Statements
— within 105 days (or such shorter period as is 15 days greater than the period
applicable to the filing of the Parent’s Annual Report on Form 10-K 

 14
 

(the “Form 10-K”) with the SEC regardless of whether the Parent is
subject to the filing requirements thereof) after the end of each fiscal year
of the Parent, duplicate copies of

(i)            a consolidated
balance sheet of the Parent and its Subsidiaries, as at the end of such year,
and

(ii)           consolidated
statements of income, changes in stockholders’ equity and cash flows of the
Parent and its Subsidiaries for such year,

setting forth in each
case in comparative form the figures for the previous fiscal year, all in
reasonable detail, prepared in accordance with GAAP, and accompanied by an
opinion thereon of independent certified public accountants of recognized
national standing, which opinion shall state that such financial statements
present fairly, in all material respects, the financial position of the
companies being reported upon and their results of operations and cash flows
and have been prepared in conformity with GAAP, and that the examination of
such accountants in connection with such financial statements has been made in
accordance with generally accepted auditing standards, and that such audit
provides a reasonable basis for such opinion in the circumstances, provided
that the delivery within the time period specified above of the Parent’s Annual
Report on Form 10-K for such fiscal year (together with the Parent’s annual
report to stockholders, if any, prepared pursuant to Rule 14a-3 under the
Exchange Act) prepared in accordance with the requirements therefor and filed
with the SEC shall be deemed to satisfy the requirements of this
Section 7.1(b);

(c)           SEC and Other
Reports — promptly upon their becoming available, one copy of (i) each
financial statement, report, notice or proxy statement sent by the Parent or
any Subsidiary to its public securities holders generally and (ii) each regular
or periodic report, each registration statement (without exhibits except as
expressly requested by such holder), and each 
prospectus and all amendments thereto filed by the Parent or any Subsidiary
with the SEC;

(d)           Notice of Default
or Event of Default — promptly, and in any event within five Business Days
after a Responsible Officer becoming aware of the existence of any Default or
Event of Default or that any Person has given any notice or taken any action
with respect to a claimed default hereunder or that any Person has given any
notice or taken any action with respect to a claimed default of the type
referred to in Section 11(f), a written notice specifying the nature and period
of existence thereof, whether or not the Parent agrees that any claimed default
constitutes a Default or Event of Default, and what action the Parent is taking
or proposes to take with respect thereto;

(e)           ERISA Matters
— promptly, and in any event within five days after a Responsible Officer
becoming aware of any of the following, a written notice setting forth the
nature thereof and the action, if any, that the Parent or an ERISA Affiliate
proposes to take with respect thereto:

 15
 

(i)            with respect to any
Plan, any reportable event, as defined in section 4043(c) of ERISA and the
regulations thereunder, for which notice thereof has not been waived pursuant
to such regulations as in effect on the date hereof; or

(ii)           the taking by the
PBGC of steps to institute, or the threatening by the PBGC of the institution
of, proceedings under section 4042 of ERISA for the termination of, or the
appointment of a trustee to administer, any Plan, or the receipt by the Parent
or any ERISA Affiliate of a notice from a Multiemployer Plan that such action
has been taken by the PBGC with respect to such Multiemployer Plan; or

(iii)          any event,
transaction or condition that could result in the incurrence of any liability
by the Parent or any ERISA Affiliate pursuant to Title I or IV of ERISA or the
penalty or excise tax provisions of the Code relating to employee benefit
plans, or in the imposition of any Lien on any of the rights, properties or
assets of the Parent or any ERISA Affiliate pursuant to Title I or IV of ERISA
or such penalty or excise tax provisions, if such liability or Lien, taken
together with any other such liabilities or Liens then existing, could
reasonably be expected to have a Material Adverse Effect; and

(f)            Notices from
Governmental Authority — promptly, and in any event within 30 days of
receipt thereof, copies of any notice to the Parent or any Subsidiary from any
Federal or state Governmental Authority relating to any order, ruling, statute
or other law or regulation that could reasonably be expected to have a Material
Adverse Effect; and

(g)           Requested
Information — with reasonable promptness, such other data and information
relating to the business, operations, affairs, financial condition, assets or
properties of the Parent or any of its Subsidiaries (including actual copies of
the Parent’s Form 10-Q and Form 10-K) or relating to the ability of the Company
to perform its obligations hereunder and under the Notes as from time to time
may be reasonably requested by any such holder of Notes.

7.2          Officer’s
Certificate.

Each
set of financial statements delivered to a holder of Notes pursuant to
Section 7.1(a) or Section 7.1(b) will be accompanied by a certificate
of a Senior Financial Officer setting forth:

(a)           Covenant
Compliance — the information (including detailed calculations) required in
order to establish whether the Parent was in compliance with the requirements
of Section 10.1 through Section 10.7, inclusive, during the quarterly or
annual period covered by the statements then being furnished (including with
respect to each such Section, where applicable, the calculations of the maximum
or minimum amount, ratio or percentage, as the case may be, permissible under
the terms of such Sections, and the calculation of the amount, ratio or
percentage then in existence); and

 16
 

(b)           Event of Default
— a statement that such Senior Financial Officer has reviewed the relevant
terms hereof and has made, or caused to be made, under his or her supervision,
a review of the transactions and conditions of the Parent and its Subsidiaries
from the beginning of the quarterly or annual period covered by the statements
then being furnished to the date of the certificate and that such review shall
not have disclosed the existence during such period of any condition or event
that constitutes a Default or an Event of Default or, if any such condition or
event existed or exists (including any such event or condition resulting from
the failure of the Parent or any Subsidiary to comply with any Environmental
Law), specifying the nature and period of existence thereof and what action the
Parent shall have taken or proposes to take with respect thereto.

7.3          Electronic
Delivery.

Financial
statements and officers’ certificates required to be delivered by the Parent
pursuant to Sections 7.1(a), (b) or (c) and Section 7.2 shall be deemed to have
been delivered if (i) the Parent shall have timely filed such Form 10-Q or
Form 10-K, satisfying the requirements of Section 7.1(a) or (b) as the case may
be, with the SEC on “EDGAR” and shall have made such Form and the related
certificate satisfying the requirements of Section 7.2 available on its home
page on the worldwide web (at the date of this Agreement located at
http://www.jbhunt.com) or (ii) such financial statements satisfying the
requirements of Section 7.1(a) or (b) and related certificate satisfying the
requirements of Section 7.2 are timely posted by or on behalf of the
Parent on IntraLinks or on any other similar website to which each holder of
Notes has free access or (iii) the Parent shall have filed any of the items
referred to in Section 7.1(c) with the SEC on “EDGAR” and shall have made
such items available on its home page on the worldwide web or if any of such
items are timely posted by or on behalf of the Parent on IntraLinks or on any
other similar website to which each holder of Notes has free access; provided
however, that in the case of any of clause (i), (ii) or (iii), the Parent shall
concurrently with such filing or posting give notice to each holder of Notes of
such posting or filing and provided further, that upon request of any holder,
the Parent will thereafter deliver written copies of such forms, financial
statements and certificates to such holder.

7.4          Visitation.

The
Parent shall permit the representatives of each holder of Notes that is an
Institutional Investor:

(a)           No Default — if
no Default or Event of Default then exists, at the expense of such holder and
upon reasonable prior notice to the Parent, to visit the principal executive
office of the Parent and the Company during normal business hours, to discuss
the affairs, finances and accounts of the Parent and its Subsidiaries with the
Parent’s officers, and (with the consent of the Parent, which consent will not
be unreasonably withheld) to visit the other offices and properties of the
Parent and each Subsidiary, all at such reasonable times and as often as may be
reasonably requested in writing; and

(b)           Default — if
a Default or Event of Default then exists, at the expense of the Parent or the
Company, to visit and inspect any of the offices or properties of the Parent or
any Subsidiary during normal business hours, to examine all their respective
books of 

 17
 

account, records, reports and other papers, to make copies and extracts
therefrom, and to discuss their respective affairs, finances and accounts with
their respective officers and independent public accountants (and by this
provision the Parent authorizes said accountants to discuss the affairs,
finances and accounts of the Parent and its Subsidiaries), all at such times
and as often as may be requested.

8.             PREPAYMENT OF THE NOTES.

8.1          No
Scheduled Prepayments.

No regularly scheduled prepayments are due on the
Notes prior to their stated maturity.

8.2          Optional
Prepayments with Make-Whole Amount.

The
Company may, at its option, upon notice as provided below, prepay at any time
all, or from time to time any part of, the Notes in an amount not less than
$2,000,000 in the aggregate in the case of a partial prepayment, at 100% of the
principal amount so prepaid, and the Make-Whole Amount determined for the prepayment
date with respect to such principal amount. 
The Company will give each holder of Notes written notice of each
optional prepayment under this Section 8.2 not less than 30 days and not
more than 60 days prior to the date fixed for such prepayment.  Each such notice shall specify such date
(which shall be a Business Day), the aggregate principal amount of the Notes to
be prepaid on such date, the principal amount of each Note held by such holder
to be prepaid (determined in accordance with Section 8.4), and the interest to
be paid on the prepayment date with respect to such principal amount being
prepaid, and shall be accompanied by a certificate of a Senior Financial
Officer as to the estimated Make-Whole Amount due in connection with such
prepayment (calculated as if the date of such notice were the date of the
prepayment), setting forth the details of such computation.  Two Business Days prior to such prepayment,
the Company shall deliver to each holder of Notes a certificate of a Senior
Financial Officer specifying the calculation of such Make-Whole Amount as of
the specified prepayment date.

8.3          Mandatory
Offer to Prepay Upon Change of Control.

(a)           Notice of Change
of Control or Control Event — The Company will, within five Business Days
after any Responsible Officer has knowledge of the occurrence of any Change of
Control or Control Event, give notice of such Change of Control or Control
Event to each holder of Notes unless notice in respect of such Change of
Control (or the Change of Control contemplated by such Control Event) shall
have been given pursuant to subparagraph (b) of this Section 8.3.  If a Change of Control has occurred, such
notice shall contain and constitute an offer to prepay Notes as described in
paragraph (c) of this Section 8.3 and shall be accompanied by the certificate
described in paragraph (g) of this Section 8.3.

(b)           Condition to
Company Action — The Company will not take any action that consummates or
finalizes a Change of Control unless (i) at least 15 Business Days prior to
such action it shall have given to each holder of Notes written notice
containing 

 18
 

and constituting an offer to prepay Notes accompanied by the
certificate described in paragraph (g) of this Section 8.3, and (ii) subject to
the provisions of paragraph (d) below, contemporaneously with such action,
it prepays all Notes required to be prepaid in accordance with this Section
8.3.

(c)           Offer to Prepay
Notes — The offer to prepay Notes contemplated by paragraphs (a) and (b) of
this Section 8.3 shall be an offer to prepay, in accordance with and subject to
this Section 8.3, all, but not less than all, of the Notes held by each holder
(in this case only, “holder” in respect of any Note registered in the name of a
nominee for a disclosed beneficial owner shall mean such beneficial owner) on a
date specified in such offer (the “Proposed Prepayment Date”).  If such Proposed Prepayment Date is in
connection with an offer contemplated by paragraph (a) of this Section 8.3,
such date shall be not less than 30 days and not more than 60 days after the
date of such offer.

(d)           Acceptance;
Rejection — A holder of Notes may reject the offer to prepay made pursuant
to this Section 8.3 by causing a notice of such rejection to be delivered to
the Company on or before the date specified in the certificate described in
paragraph (g) of this Section 8.3. 
A failure by a holder of Notes to respond to an offer to prepay made
pursuant to this Section 8.3, or to reject an offer as to all of the Notes held
by the holder, within such time period shall be deemed to constitute acceptance
of such offer by such holder.

(e)           Prepayment — Prepayment
of the Notes to be prepaid pursuant to this Section 8.3 shall be at 100% of the
principal amount of such Notes, together with interest on such Notes accrued to
the date of prepayment and shall not require the payment of any Make-Whole
Amount.  The prepayment shall be made on
the Proposed Prepayment Date except as provided in paragraph (f) of this
Section 8.3.

(f)            Deferral Pending
Change of Control — The obligation of the Company to prepay Notes pursuant
to the offers required by paragraphs (a) and (b) and accepted in accordance
with paragraph (d) of this Section 8.3 is subject to the occurrence of the
Change of Control in respect of which such offers and acceptances shall have
been made.  In the event that such Change
of Control does not occur on or prior to the Proposed Prepayment Date in
respect thereof, the prepayment shall be deferred until and shall be made on
the date on which such Change of Control occurs.  The Company shall keep each holder of Notes
reasonably and timely informed of (i) any such deferral of the date of
prepayment, (ii) the date on which such Change of Control and the
prepayment are expected to occur, and (iii) any determination by the
Company that efforts to effect such Change of Control have ceased or been
abandoned (in which case the offers and acceptances made pursuant to this
Section 8.3 in respect of such Change of Control shall be deemed rescinded).  Notwithstanding the foregoing, in the event
that the prepayment has not been made within 90 days after such Proposed
Prepayment Date by virtue of the deferral provided for in this Section 8.3(f),
the Company shall make a new offer to prepay in accordance with paragraph (c)
of this Section 8.3.

(g)           Officer’s
Certificate — Each offer to prepay the Notes pursuant to this Section 8.3
shall be accompanied by a certificate, executed by a Senior Financial Officer 

 19
 

of the Company and dated the date of such offer, specifying:
(i) the Proposed Prepayment Date, (ii) that such offer is made
pursuant to this Section 8.3, (iii) the principal amount of each Note
offered to be prepaid, (iv) the interest that would be due on each Note
offered to be prepaid, accrued to the Proposed Prepayment Date, (v) that
the conditions of this Section 8.3 have been fulfilled, (vi) in reasonable
detail, the nature and date or proposed date of the Change of Control and (vii)
the date by which any holder of a Note that wishes to accept such offer must deliver
notice thereof to the Company, which date shall not be earlier than three
Business Days prior to the Proposed Prepayment Date or, in the case of a
prepayment pursuant to Section 8.3(b), the date of the action referred to in
Section 8.3(b)(i).

8.4          Allocation
of Partial Prepayments.

In
the case of each partial prepayment of Notes, the principal amount of the Notes
to be prepaid shall be allocated among all of the Notes at the time outstanding
in proportion, as nearly as practicable, to the respective unpaid principal
amounts thereof not theretofore called for prepayment.

8.5          Maturity;
Surrender, etc.

In
the case of each prepayment of Notes pursuant to this Section 8, the principal
amount of each Note to be prepaid shall mature and become due and payable on
the date fixed for such prepayment (which shall be a Business Day), together
with interest on such principal amount accrued to such date and the applicable
Make-Whole Amount, if any.  From and
after such date, unless the Company shall fail to pay such principal amount
when so due and payable, together with the interest and Make-Whole Amount, if
any, as aforesaid, interest on such principal amount shall cease to
accrue.  Any Note paid or prepaid in full
shall be surrendered to the Company and canceled and shall not be reissued, and
no Note shall be issued in lieu of any prepaid principal amount of any Note.

8.6          Purchase
of Notes.

The
Company will not and will not permit any Affiliate to purchase, redeem, prepay
or otherwise acquire, directly or indirectly, any of the outstanding Notes
except upon the payment or prepayment of the Notes in accordance with the terms
of this Agreement and the Notes.  The
Company will promptly cancel all Notes acquired by it or any Affiliate pursuant
to any payment or prepayment of Notes pursuant to any provision of this
Agreement and no Notes may be issued in substitution or exchange for any such
Notes.

8.7          Make-Whole
Amount.

“Make-Whole Amount” means, with
respect to any Note, an amount equal to the excess, if any, of the Discounted
Value of the Remaining Scheduled Payments with respect to the Called Principal
of such Note over the amount of such Called Principal, provided that the
Make-Whole Amount may in no event be less than zero.  For the purposes of determining the
Make-Whole Amount, the following terms have the following meanings:

 20

“Called Principal” means, with
respect to any Note, the principal of such Note that is to be prepaid pursuant
to Section 8.2 or has become or is declared to be immediately due and
payable pursuant to Section 12.1, as the context requires.

“Discounted Value” means, with
respect to the Called Principal of any Note, the amount obtained by discounting
all Remaining Scheduled Payments with respect to such Called Principal from
their respective scheduled due dates to the Settlement Date with respect to
such Called Principal, in accordance with accepted financial practice and at a
discount factor (applied on the same periodic basis as that on which interest
on the Notes is payable) equal to the Reinvestment Yield with respect to such
Called Principal.

“Reinvestment Yield” means, with
respect to the Called Principal of any Note, .50% over the yield to maturity
implied by (i) the yields reported as of 10:00 a.m. (New York City time) on the
second Business Day preceding the Settlement Date with respect to such Called Principal,
on the display designated as “Page PX1” 
(or such other display as may replace Page PX1 on Bloomberg Financial
Markets (“Bloomberg”) or, if Page PX1 (or its successor screen on Bloomberg) is
unavailable, the Telerate Access Service screen which corresponds most closely
to Page PX1 for the most recently issued actively traded on-the-run U.S.
Treasury securities having a maturity equal to the Remaining Average Life of
such Called Principal as of such Settlement Date, or (ii) if such yields are
not reported as of such time or the yields reported as of such time are not
ascertainable (including by way of interpolation), the Treasury Constant
Maturity Series Yields reported, for the latest day for which such yields have
been so reported as of the second Business Day preceding the Settlement Date
with respect to such Called Principal, in Federal Reserve Statistical Release
H.15 (519) (or any comparable successor publication) for actively traded U.S.
Treasury securities having a constant maturity equal to the Remaining Average
Life of such Called Principal as of such Settlement Date.  Such implied yield will be determined, if
necessary, by (a) converting U.S. Treasury bill quotations to bond equivalent
yields in accordance with accepted financial practice and (b) interpolating
linearly between (1) the actively traded U.S. Treasury security with the
maturity closest to and greater than such Remaining Average Life and (2) the
actively traded U.S. Treasury security with the maturity closest to and less
than such Remaining Average Life.  The
Reinvestment Yield shall be rounded to the number of decimal places as appears
in the interest rate of the applicable Note.

“Remaining Average Life” means,
with respect to any Called Principal, the number of years (calculated to the
nearest one-twelfth year) obtained by dividing (i) such Called Principal into
(ii) the sum of the products obtained by multiplying (a) the principal
component of each Remaining Scheduled Payment with respect to such Called
Principal by (b) the number of years (calculated to the nearest one-twelfth
year) that will elapse between the Settlement Date with respect to such Called
Principal and the scheduled due date of such Remaining Scheduled Payment.

“Remaining Scheduled Payments” means,
with respect to the Called Principal of any 
Note, all payments of such Called Principal and interest thereon that
would be due after the Settlement Date with respect to such Called Principal if
no payment of such Called Principal were made prior to its scheduled due date,
provided that if such Settlement Date is not a date on which interest payments
are due to be made under the terms of the Notes, then the amount of the next
succeeding scheduled interest payment will be reduced by the amount of interest
accrued to

 21
 

such Settlement Date and required to be paid on such
Settlement Date pursuant to Section 8.2 or 12.1.

“Settlement Date” means, with
respect to the Called Principal of any Note, the date on which such Called
Principal is to be prepaid pursuant to Section 8.2 or has become or is
declared to be immediately due and payable pursuant to Section 12.1, as
the context requires.

9.             AFFIRMATIVE
COVENANTS.

The
Parent and the Company, jointly and severally, covenant that so long as any of
the Notes are outstanding:

9.1          Compliance with Law.

Without
limiting Section 10.10, the Parent and the Company will, and the Parent
will cause each Subsidiary to, comply with all laws, ordinances or governmental
rules or regulations to which each of them is subject, including ERISA, the USA
Patriot Act and Environmental Laws, and will obtain and maintain in effect all
licenses, certificates, permits, franchises and other governmental
authorizations necessary to the ownership of their respective properties or to
the conduct of their respective businesses, in each case to the extent
necessary to ensure that non-compliance with such laws, ordinances or
governmental rules or regulations or failures to obtain or maintain in effect
such licenses, certificates, permits, franchises and other governmental
authorizations could not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect.

9.2          Insurance.

The
Parent and the Company will, and the Parent will cause each Subsidiary to,
maintain, with financially sound and reputable insurers, insurance (including
self-insurance with reserves and reinsurance, maintained in accordance with
current Parent practices) with respect to their respective properties and
businesses against such casualties and contingencies, of such types, on such
terms and in such amounts (including deductibles and co-insurance, if adequate
reserves are maintained with respect thereto) as is customary in the case of
entities of established reputations engaged in the same or a similar business
and similarly situated.

9.3          Maintenance of Properties.

The
Parent and the Company will, and the Parent will cause each Subsidiary to,
maintain and keep, or cause to be maintained and kept, their respective
properties in good repair, working order and condition (other than ordinary
wear and tear), so that the business carried on in connection therewith may be
properly conducted at all times, provided that this Section shall not prevent
the Parent or any Subsidiary from discontinuing the operation and the
maintenance of any of its properties if such discontinuance is desirable in the
conduct of its business and the Parent has concluded that such discontinuance
could not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect.

 22
 

9.4          Payment of Taxes and Claims.

The
Parent and the Company will, and the Parent will cause each Subsidiary to, file
all tax returns required to be filed in any jurisdiction and to pay and
discharge all taxes shown to be due and payable on such returns and all other
taxes, assessments, governmental charges, or levies imposed on them or any of
their properties, assets, income or franchises, to the extent such taxes and
assessments have become due and payable and before they have become delinquent
and all claims for which sums have become due and payable that have or might
become a Lien on properties or assets of the Parent or any Subsidiary, provided
that neither the Parent nor any Subsidiary need pay any such tax or assessment
or claims if (i) the amount, applicability or validity thereof is
contested by the Parent or such Subsidiary on a timely basis in good faith and
in appropriate proceedings, and the Parent or such Subsidiary has established
adequate reserves therefor in accordance with GAAP on the books of the Parent
or such Subsidiary or (ii) the nonpayment of all such taxes, assessments
and claims in the aggregate could not reasonably be expected to have a Material
Adverse Effect.

9.5          Corporate Existence, etc.

Subject
to Section 10.6, each of the Parent and the Company will at all times preserve
and keep in full force and effect its corporate existence.  Subject, as to any Subsidiary other than the
Company, to Sections 10.6 and 10.7, the Parent will at all times preserve and
keep in full force and effect the corporate (or, as applicable, limited
liability company) existence of each Subsidiary (unless merged into the Parent
or a Wholly Owned Subsidiary) and all rights and franchises of the Parent and
its Subsidiaries unless, in the good faith judgment of the Parent, the
termination of or failure to preserve and keep in full force and effect such
corporate existence, right or franchise could not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect.

9.6          Books and Records.

The
Parent and the Company will, and the Parent will cause each Subsidiary to,
maintain proper books of record and account in conformity with GAAP and all
applicable requirements of any Governmental Authority having legal or
regulatory jurisdiction over the Company or such Subsidiary, as the case may
be.

9.7          Subsidiary Guaranty; Release.

(a)           Subsidiary Guarantors.  The Parent will cause each Subsidiary other than
the Company that, on or after the date of the Closing, is or becomes a borrower
or guarantor of Indebtedness in respect of the Credit Agreement, on the date of
the Closing or within 10 Business Days of its thereafter becoming a co-obligor,
borrower or a guarantor of Indebtedness in respect of the Credit Agreement to
execute and deliver or become a party to the Subsidiary Guaranty in
substantially the form of the attached Exhibit 9.7, as it hereafter may be
amended or supplemented from time to time (the “Subsidiary Guaranty”), and shall
deliver to each holder of Notes:

 23
 

(i)            an executed counterpart of the Subsidiary
Guaranty, or, if the Subsidiary Guaranty has been previously executed and
delivered, an executed counterpart of a Joinder thereto;

(ii)           copies of such directors’ or other
authorizing resolutions, charter, bylaws and other constitutive documents of such
Subsidiary as the Required Holders may reasonably request; and

(iii)          an opinion of independent counsel
reasonably satisfactory to the Required Holders covering the authorization,
execution, delivery, compliance with law, no conflict with other documents, no
consents and enforceability of the Subsidiary Guaranty against such Subsidiary
in form and substance reasonably satisfactory to the Required Holders.

(b)           Release of Subsidiary Guarantor.  Each holder of a Note fully releases and
discharges from the Subsidiary Guaranty a Subsidiary Guarantor, immediately and
without any further act, upon such Subsidiary Guarantor being released and
discharged as a co-obligor, borrower or guarantor under and in respect of the
Credit Agreement; provided that (i) no Default or Event of Default exists or
will exist immediately following such release and discharge; (ii) if any fee or
other consideration is paid or given to any holder of Indebtedness under the
Credit Agreement in connection with such release, other than the repayment of
all or a portion of such Indebtedness under the Credit Agreement, each holder
of a Note receives equivalent consideration on a pro rata basis; and (iii) at
the time of such release and discharge, the Company delivers to each holder of
Notes a certificate of a Responsible Officer certifying (x) that such
Subsidiary Guarantor has been or is being released and discharged as a
co-obligor, borrower or guarantor under and in respect of the Credit Agreement
and (y) as to the matters set forth in clauses (i) and (ii).  Any outstanding Indebtedness of a Subsidiary
Guarantor shall be deemed to have been incurred by such Subsidiary Guarantor as
of the date it is released and discharged from the Subsidiary Guaranty.

9.8          Pari
Passu Ranking.

The Indebtedness evidenced by the Notes will at all
times rank at least pari passu with
all senior unsecured Indebtedness of the Company.

10.          NEGATIVE
COVENANTS.

The
Parent covenants that so long as any of the Notes are outstanding:

10.1        Ratio of Adjusted Debt to Cash Flow.

The
Parent will not permit the ratio of Adjusted Debt to Cash Flow (for the four
Fiscal Quarters ended on such date) to exceed 3.00 to 1.00 at the end of any
Fiscal Quarter.

 24
 

10.2        Fixed Charge Coverage Ratio.

The
Parent will not permit, as of the end of any Fiscal Quarter, the ratio of Cash
Flow Available for Fixed Charges (for the four Fiscal Quarters ended on such
date) to Fixed Charges (for the four Fiscal Quarters ended on such date) to be
less than 1.25 to 1.00.

10.3        Priority Debt.

The
Parent will not at any time permit Priority Debt to exceed 20% of Consolidated
Net Worth as of the end of the most recently completed Fiscal Quarter.

10.4        Liens.

The
Parent and Company will not, and the Parent will not permit any Subsidiary to,
create, assume or suffer to exist, directly or indirectly, any Lien on its
properties or assets, including capital stock, whether now owned or hereafter
acquired, except:

(a)           Liens for taxes, assessments, or
governmental charges or levies not yet due or which are being actively contested
in good faith by appropriate proceedings, so long as reserves have been
established to the extent required by GAAP;

(b)           other Liens incidental to the conduct
of their business or the ownership of their property and assets (such as common
carrier’s Liens, producer’s Liens, mechanic’s Liens, and other similar
statutory and non-consensual Liens) which were not incurred in connection with
the borrowing of money or the obtaining of advances or credit, and which do not
in the aggregate materially detract from the value of their property or assets
or materially impair the use thereof in the operation of their business;

(c)           any Lien existing on any property of
any Person at the time it becomes a Subsidiary or existing prior to the time of
acquisition upon any property acquired by the Parent or any Subsidiary through
purchase, merger or consolidation or otherwise, whether or not assumed by the
Parent or such Subsidiary, or placed upon property at the time of its
acquisition by the Parent or any Subsidiary to secure a portion of the purchase
price thereof, or placed upon property hereafter acquired by the Parent or any
Subsidiary at the time of the acquisition thereof; provided that (i) at the
time of creation of such Lien the principal amount of Indebtedness secured
thereby does not exceed the amounts otherwise permitted by paragraph (i) of
this Section 10.4, and (ii) any such Lien shall not encumber any other property
of the Parent or such Subsidiary;

(d)           Liens on any existing property or
assets of the Parent or any Subsidiary, if any, that are the subject of a
Permitted Securitized Receivables Transaction;

(e)           any Lien renewing, extending or
replacing any Lien permitted by paragraph (d) of this Section 10.4,
provided that the principal amount secured and then outstanding is not
increased, the Lien is not extended to other property and the Indebtedness
secured thereby is permitted hereunder;

 25
 

(f)            deposits,
bonding arrangements and Liens to secure the performance of (or to secure
obligations in respect of letters of credit posted to secure the performance
of) bids, trade contracts, leases, statutory obligations, surety and appeal
bonds, performance bonds and other obligations of a like nature incurred in the
ordinary course of business;

(g)           any attachment or judgment Lien that
is being contested in good faith by appropriate proceedings for which adequate
reserves have been established in accordance with GAAP;

(h)           Liens existing on property or assets
of the Parent or any Subsidiary as of the date of this Agreement that are
described in Schedule 10.4; and

(i)            Liens securing Indebtedness not
otherwise permitted by paragraphs (a) through (h) of this Section 10.4,
provided that Priority Debt does not at any time exceed 20% of Consolidated Net
Worth as of the end of the most recently completed Fiscal Quarter.

10.5        Subsidiary Indebtedness

The
Parent will not at any time permit any Subsidiary other than the Company to,
directly or indirectly, create, incur, assume, guarantee, have outstanding, or
otherwise become or remain directly or indirectly liable with respect to, any
Indebtedness other than:

(a)           Indebtedness of a Subsidiary that is
a Guarantor of the Notes under the Subsidiary Guaranty;

(b)           Indebtedness of a Subsidiary
outstanding on the date of Closing that is listed and described in Schedule
10.5 and any extension, refinancing, renewal or refunding thereof; provided that there is no increase in the
principal amount of such Indebtedness;

(c)           Indebtedness of a Special Purpose
Subsidiary in connection with a Permitted Securitized Receivables Transaction;

(d)           Indebtedness of a Subsidiary owed to
the Parent or a Wholly Owned Subsidiary;

(e)           Indebtedness of a Person outstanding
at the time such Subsidiary becomes a Subsidiary, provided that (i) such
Indebtedness shall not have been incurred in contemplation of such Person
becoming a Subsidiary and (ii) immediately after such Person becomes a
Subsidiary, no Default of Event of Default shall exist;

(f)            Indebtedness of a Subsidiary not
otherwise permitted by paragraphs (a) through (f) of this Section 10.5,
provided that immediately before and after giving effect thereto and to the
application of the proceeds thereof,

(i)            no Default or Event of Default
exists, and

 26
 

(ii)           Priority Debt does not at any time
exceed 20% of Consolidated Net Worth as of the end of the most recently
completed Fiscal Quarter.

10.6        Mergers, Consolidations, etc.

The Parent and the
Company will not, and will not permit any Subsidiary to, consolidate with or
merge with any other Person or convey, transfer, sell or lease all or
substantially all of its assets in a single transaction or series of
transactions to any Person except that:

(a)           the Company may consolidate or merge
with the Parent or convey, transfer, sell or lease all or substantially all of
its assets in a single transaction or series of transactions to the Parent,
provided that the Parent is the successor or survivor;

(b)           the Parent may consolidate or merge
with any other Person or convey, transfer, sell or lease all or substantially
all of its assets in a single transaction or series of transactions to any
Person, provided that

(i)            the successor formed by such
consolidation or the survivor of such merger or the Person that acquires by
conveyance, transfer, sale or lease all or substantially all of the assets of
the Parent as an entirety, as the case may be, is a solvent corporation
organized and existing under the laws of the United States or any state thereof
(including the District of Columbia), and, if the Company is not such successor
or survivor, such corporation (1) shall have executed and delivered to each
holder of any Notes its assumption of the due and punctual performance and
observance of each covenant and condition of this Agreement and the Parent
Guaranty and (2) shall have caused to be delivered to each holder of any Notes
an opinion of nationally recognized independent counsel or other independent
counsel reasonably satisfactory to the Required Holders, to the effect that all
agreements or instruments effecting such assumption are enforceable in
accordance with their terms and comply with the terms hereof; and

(ii)           after giving effect to such
transaction, no Default or Event of Default shall exist.

No such conveyance, transfer, sale or lease of all or
substantially all of the assets of the Parent shall have the effect of
releasing the Parent or any successor corporation that shall theretofore have
become such in the manner prescribed in this Section 10.5 from its
liability under this Agreement or the Parent Guaranty.

10.7        Sale
of Assets.

Except
as permitted by Section 10.6, the Parent will not, and will not permit any
Subsidiary to, sell, lease, transfer or otherwise dispose of, including by way
of merger (collectively a “Disposition”), any assets, in one or a series of
transactions, to any Person, other than:

(a)           Dispositions in the ordinary course
of business;

 27
 

(b)           Dispositions
by a Subsidiary to the Parent or a Wholly Owned Subsidiary or by the Parent to
a Wholly Owned Subsidiary;

(c)           Dispositions of Receivables and rights related thereto in a
Permitted Securitized Receivables Transaction;

(d)           Dispositions of Parent’s ownership
interest in Transplace,
Inc.;

(e)           Dispositions not otherwise permitted
by clauses (a), (b), (c) or (d) of this Section 10.7 provided that:

(i)            in the good faith opinion of the
Parent, the Disposition is in exchange for consideration having a fair market
value at least equal to that of the property exchanged and is in the best
interest of the Parent or such Subsidiary;

(ii)            after giving effect to such
transaction, no Default or Event of Default shall exist;

(iii)          immediately after giving effect to the
Disposition, the aggregate net book value of all assets that were the subject
of any Disposition occurring in the then current fiscal year would not exceed
15% of Consolidated Total Assets as of the last day of the most recently ended
fiscal year of the Parent.

Notwithstanding the foregoing, the Parent may, or may
permit a Subsidiary to, make a Disposition and the assets subject to such
Disposition shall not be subject to or included in the foregoing limitation and
computation contained in clause (e)(iii) of the preceding sentence if, within
365 days of such Disposition, an amount equal to the net proceeds from such
Disposition is:

(A)          reinvested in productive assets to be
used in the existing business of the Parent or a Subsidiary; or

(B)           the net proceeds from such
Disposition are applied to the payment or prepayment of the Notes or any other
outstanding Indebtedness of the Parent or any Subsidiary ranking pari passu
with or senior to the Notes.

For purposes of foregoing clause (B), the Company
shall offer to prepay (on a Business Day not less than 30 or more than 60 days
following such offer) the Notes on a pro rata basis with any such other
Indebtedness that the Company elects to include in such offer at a price of
100% of the principal amount of the Notes to be prepaid (without any Make-Whole
Amount) together with interest accrued to the date of prepayment; provided that
if any holder of the Notes declines or rejects such offer, the proceeds that
would have been paid to such holder shall be offered pro rata to the other
holders of the Notes that have accepted the offer.  A failure by a holder of Notes to respond in
writing not later than 10 Business Days prior to the proposed prepayment date
to an offer to prepay made pursuant to this Section 10.7 shall be deemed to
constitute an acceptance of such offer by such holder.  Solely for the purposes of foregoing clause
(B), whether or not such offers are accepted by the holders, the entire
principal amount of the Notes subject thereto shall be deemed to have been
prepaid.

 28
 

10.8        Nature of Business.

The
Parent will not, and will not permit any Subsidiary to, engage in any business
if, as a result, the general nature of the business in which the Parent and its
Subsidiaries, taken as a whole, would then be engaged would be substantially
changed from the general nature of the business in which the Parent and its
Subsidiaries, taken as a whole, are engaged on the date of this Agreement as described
in the Memorandum.

10.9        Transactions with Affiliates.

The
Parent will not, and will not permit any Subsidiary to, enter into directly or
indirectly any Material transaction or Material group of related transactions
(including the purchase, lease, sale or exchange of properties of any kind or
the rendering of any service) with any Affiliate (other than the Parent or
another Subsidiary), except in the ordinary course and pursuant to the
reasonable requirements of the Parent’s or such Subsidiary’s business and upon
fair and reasonable terms no less favorable to the Parent or such Subsidiary
than would be obtainable in a comparable arm’s-length transaction with a Person
not an Affiliate.

10.10      Terrorism Sanctions Regulations.

The
Parent will not and will not permit any Subsidiary to (a) become a Person
described or designated in the Specially Designated Nationals and Blocked
Persons List of the Office of Foreign Assets Control or in Section 1 of the
Anti Terrorism Order or (b) knowingly engage in any dealings or transactions
with any such Person.

11.          EVENTS
OF DEFAULT.

An
“Event of Default” shall exist if any of the following conditions or events
shall occur and be continuing:

(a)           the Company defaults in the payment
of any principal or Make-Whole Amount, if any, on any Note when the same
becomes due and payable, whether at maturity or at a date fixed for prepayment
or by declaration or otherwise; or

(b)           the Company defaults in the payment
of any interest on any Note for more than five Business Days after the same
becomes due and payable; or

(c)           the Parent or the Company defaults in
the performance of or compliance with any term contained in Section 7.1(d) or
Sections 10.1 through 10.10; or

(d)           the Parent or the Company defaults in
the performance of or compliance with any term contained herein (other
than those referred to in paragraphs (a), (b) and (c) of this
Section 11) and such default is not remedied within 30 days after the
earlier of (i) a Responsible Officer obtaining actual knowledge of such
default and (ii) the Company receiving written notice of such default from
any holder of a Note (any such written notice to be identified as a “notice of
default” and to refer specifically to this paragraph (d) of
Section 11); or

 29
 

(e)           any
representation or warranty made in writing by or on behalf of the Parent or the
Company or by any officer of the Parent or the Company in this Agreement or in
any writing furnished in connection with the transactions contemplated hereby
or thereby proves to have been false or incorrect in any material respect on
the date as of which made; or

(f)            (i) the Parent or any Subsidiary is
in default (as principal or as guarantor or other surety) in the payment of any
principal of or premium or make-whole amount or interest on any Indebtedness
that is outstanding in an aggregate principal amount of at least $50,000,000
beyond any period of grace provided with respect thereto, or (ii) the
Parent or any Subsidiary is in default in the performance of or compliance with
any term of any evidence of any Indebtedness that is outstanding in an
aggregate principal amount of at least $50,000,000 or of any mortgage,
indenture or other agreement relating thereto or any other condition exists,
and as a consequence of such default or condition such Indebtedness has become,
or has been declared (or one or more Persons are entitled to declare such
Indebtedness to be), due and payable before its stated maturity or before its
regularly scheduled dates of payment, or (iii) as a consequence of the
occurrence or continuation of any event or condition (other than the passage of
time or the right of the holder of Indebtedness to convert such Indebtedness
into equity interests), (x) the Parent or any Subsidiary has become obligated
to purchase or repay Indebtedness before its regular maturity or before its
regularly scheduled dates of payment in an aggregate outstanding principal
amount of at least $50,000,000, or (y) one or more Persons have the right
to require the Parent or any Subsidiary so to purchase or repay such
Indebtedness; or

(g)           the Parent or any Subsidiary
(i) is generally not paying, or admits in writing its inability to pay,
its debts as they become due, (ii) files, or consents by answer or
otherwise to the filing against it of, a petition for relief or reorganization
or arrangement or any other petition in bankruptcy, for liquidation or to take
advantage of any bankruptcy, insolvency, reorganization, moratorium or other
similar law of any jurisdiction, (iii) makes an assignment for the benefit
of its creditors, (iv) consents to the appointment of a custodian,
receiver, trustee or other officer with similar powers with respect to it or
with respect to any substantial part of its property, (v) is adjudicated
as insolvent or to be liquidated, or (vi) takes corporate action for the
purpose of any of the foregoing; or

(h)           a court or Governmental Authority of
competent jurisdiction enters an order appointing, without consent by the
Parent or any Subsidiary, a custodian, receiver, trustee or other officer with
similar powers with respect to it or with respect to any substantial part of
its property, or constituting an order for relief or approving a petition for
relief or reorganization or any other petition in bankruptcy or for liquidation
or to take advantage of any bankruptcy or insolvency law of any jurisdiction,
or ordering the dissolution, winding-up or liquidation of the Parent or any
Subsidiary, or any such petition shall be filed against the Parent or any
Subsidiary and such petition shall not be dismissed within 60 days; or

 30

(i)            a final judgment or judgments for
the payment of money aggregating in excess of $15,000,000 are rendered against
one or more of the Parent and its Subsidiaries, which judgments are not, within
60 days after entry thereof, bonded, discharged or stayed pending appeal, or
are not discharged within 60 days after the expiration of such stay;

(j)            if (i) any Plan shall fail to
satisfy the minimum funding standards of ERISA or the Code for any plan year or
part thereof or a waiver of such standards or extension of any amortization
period is sought or granted under section 412 of the Code, (ii) a notice
of intent to terminate any Plan shall have been or is reasonably expected
to be filed with the PBGC or the PBGC shall have instituted proceedings under
ERISA section 4042 to terminate or appoint a trustee to administer any Plan or
the PBGC shall have notified the Parent or any ERISA Affiliate that a Plan may
become a subject of any such proceedings, (iii) the aggregate “amount of
unfunded benefit liabilities” (within the meaning of section 4001(a)(18) of
ERISA) under all Plans determined in accordance with Title IV of ERISA, shall
exceed $10,000,000, (iv) the Parent or any ERISA Affiliate shall have
incurred or is reasonably expected to incur any liability pursuant to Title I
or IV of ERISA or the penalty or excise tax provisions of the Code relating to
employee benefit plans, (v) the Parent or any ERISA Affiliate withdraws from
any Multiemployer Plan, or (vi) the Parent or any Subsidiary establishes or
amends any employee welfare benefit plan that provides post-employment welfare
benefits in a manner that would increase the liability of the Parent or any
Subsidiary thereunder; and any such event or events described in clauses (i)
through (vi) above, either individually or together with any other such event
or events, could reasonably be expected to have a Material Adverse Effect;

(k)           the Parent Guaranty ceases to be in
full force and effect or is declared to be null and void in whole or in
material part by a court or other governmental or regulatory authority having
jurisdiction or the validity or enforceability thereof shall be contested by
the Parent or it renounces any of the same or denies that it has any or further
liability thereunder; or

(l)            the Subsidiary Guaranty ceases to be
in full force and effect (except in accordance with and by reason of the
provisions of Section 9.7(b)) or is declared to be null and void in whole or in
material part by a court or other governmental or regulatory authority having
jurisdiction or the validity or enforceability thereof shall be contested by
the Company or any Subsidiary Guarantor or any of them renounces any of the
same or denies that it has any or further liability thereunder.

As used in Section 11(j), the terms “employee benefit
plan” and “employee welfare benefit plan” shall have the respective meanings
assigned to such terms in section 3 of ERISA.

12.          REMEDIES
ON DEFAULT, ETC.

12.1        Acceleration.

(a)           If an Event of Default with respect to
the Parent or the Company described in paragraph (g) or (h) of Section 11
(other than an Event of Default described in clause (i) of
paragraph (g) or described in clause (vi) of paragraph (g) by virtue
of the fact that 

 31
 

such clause encompasses clause (i) of
paragraph (g)) has occurred, all the Notes then outstanding shall
automatically become immediately due and payable.

(b)           If any other Event of Default has
occurred and is continuing, any holder or 
holders of at least 51% in principal amount of the Notes at the time
outstanding may at any time at its or their option, by notice or notices to the
Company, declare all the Notes then outstanding to be immediately due and
payable.

(c)           If any Event of Default described in
paragraph (a) or (b) of Section 11 has occurred and is continuing, any holder
or holders of Notes at the time outstanding affected by such Event of Default
may at any time, at its or their option, by notice or notices to the Company,
declare all the Notes held by it or them to be immediately due and payable.

Upon
any Notes becoming due and payable under this Section 12.1, whether
automatically or by declaration, such Notes will forthwith mature and the
entire unpaid principal amount of such Notes, plus (x) all accrued and unpaid
interest thereon (including, but not limited to, interest accrued thereon at
the Default Rate) and (y) the Make-Whole Amount determined in respect of such
principal amount (to the fullest extent permitted by applicable law), shall all
be immediately due and payable, in each and every case without presentment,
demand, notice of
acceleration, notice of intent to accelerate, protest or further notice,
all of which are hereby waived.  The
Company acknowledges, and the parties hereto agree, that each holder of a Note
has the right to maintain its investment in the Notes free from repayment by
the Company (except as herein specifically provided for) and that the provision
for payment of a Make-Whole Amount by the Company in the event that the Notes
are prepaid or are accelerated as a result of an Event of Default, is intended
to provide compensation for the deprivation of such right under such
circumstances.

12.2        Other Remedies.

If
any Default or Event of Default has occurred and is continuing, and
irrespective of whether any Notes have become or have been declared immediately
due and payable under Section 12.1, the holder of any Note at the time
outstanding may proceed to protect and enforce the rights of such holder by an
action at law, suit in equity or other appropriate proceeding, whether for the
specific performance of any agreement contained herein or in any Note, or for
an injunction against a violation of any of the terms hereof or thereof, or in
aid of the exercise of any power granted hereby or thereby or by law or
otherwise.

12.3        Rescission.

At
any time after any Notes have been declared due and payable pursuant to clause
(b) or (c) of Section 12.1, the holder or holders of at least 51% in principal
amount of the Notes then outstanding, by written notice to the Company, may
rescind and annul any such declaration and its consequences if (a) the
Company has paid all overdue interest on the Notes, all principal of and
Make-Whole Amount, if any, on any Notes that are due and payable and are unpaid
other than by reason of such declaration, and all interest on such overdue
principal and Make-Whole Amount, if any, and (to the extent permitted by
applicable law) any overdue 

 32
 

interest in respect of the Notes, at the Default Rate,
(b) neither the Company nor any other Person shall have paid any amounts
that have become due solely by reason of such declaration; (c) all Events
of Default and Defaults, other than non-payment of amounts that have become due
solely by reason of such declaration, have been cured or have been waived
pursuant to Section 17, and (d) no judgment or decree has been
entered for the payment of any monies due pursuant hereto or to the Notes.  No rescission and annulment under this
Section 12.3 will extend to or affect any subsequent Event of Default or Default
or impair any right consequent thereon.

12.4        No Waivers or Election of Remedies,
Expenses, etc.

No
course of dealing and no delay on the part of any holder of any Note in
exercising any right, power or remedy shall operate as a waiver thereof or
otherwise prejudice such holder’s rights, powers or remedies.  No right, power or remedy conferred by this
Agreement or by any Note upon any holder thereof shall be exclusive of any
other right, power or remedy referred to herein or therein or now or hereafter
available at law, in equity, by statute or otherwise.  Without limiting the obligations of the
Company under Section 15, the Company will pay to the holder of each Note on
demand such further amount as shall be sufficient to cover all costs and
expenses of such holder incurred in any enforcement or collection under this
Section 12, including reasonable attorneys’ fees, expenses and disbursements.

13.          REGISTRATION;
EXCHANGE; SUBSTITUTION OF NOTES.

13.1        Registration of Notes.

The
Company shall keep at its principal executive office a register for the
registration and registration of transfers of Notes.  The name and address of each holder of one or
more Notes, each transfer thereof and the name and address of each transferee
of one or more Notes shall be registered in such register.  Prior to due presentment for registration of
transfer, the Person in whose name any Note shall be registered shall be deemed
and treated as the owner and holder thereof for all purposes hereof, and the
Company shall not be affected by any notice or knowledge to the contrary.  The Company shall give to any holder of a
Note that is an Institutional Investor, promptly upon request therefor, a
complete and correct copy of the names and addresses of all registered holders
of Notes.

13.2        Transfer and Exchange of Notes.

Upon
surrender of any Note to the Company at the address and to the attention of the
designated officer (all as specified in Section 18(iii)), for registration of
transfer or exchange (and in the case of a surrender for registration of
transfer accompanied by a written instrument of transfer duly executed by the
registered holder of such Note or such holder’s attorney duly authorized in
writing and accompanied by the relevant name, address and other information for
notices of each transferee of such Note or part thereof), the Company shall
execute and deliver within 10 Business Days, at the Company’s expense (except
as provided below), one or more new Notes (as requested by the holder thereof)
in exchange therefor, in an aggregate principal amount equal to the unpaid principal
amount of the surrendered Note.  Each
such new Note shall be payable to such Person as such holder may request and
shall be substantially in the form of Exhibit 1.1.  Each such new Note shall be dated and bear
interest from the date to which interest 

 33
 

shall have been paid on the surrendered Note or dated
the date of the surrendered Note if no interest shall have been paid
thereon.  The Company may require payment
of a sum sufficient to cover any stamp tax or governmental charge imposed in
respect of any such transfer of Notes. Notes shall not be transferred in
denominations of less than $500,000, provided that if necessary to enable the
registration of transfer by a holder of its entire holding of Notes, one Note
may be in a denomination of less than $500,000. 
Any transferee, by its acceptance of a Note registered in its name (or
the name of its nominee), shall be deemed to have made the representations set
forth in Section 6.2.

13.3        Replacement of Notes.

Upon
receipt by the Company  at the address
and to the attention of the designated officer (all as specified in Section
18(iii)) of evidence reasonably satisfactory to it of the ownership of and the
loss, theft, destruction or mutilation of any Note (which evidence shall be, in
the case of an Institutional Investor, notice from such Institutional Investor
of such ownership and such loss, theft, destruction or mutilation), and

(a)           in the case of loss, theft or
destruction, of indemnity reasonably satisfactory to it (provided that if the
holder of such Note is, or is a nominee for, an original Purchaser or another
holder of a Note with a minimum net worth of at least $50,000,000 or a
Qualified Institutional Buyer, such Person’s own unsecured agreement of
indemnity shall be deemed to be satisfactory), or

(b)           in the case of mutilation, upon
surrender and cancellation thereof,

the Company at its own expense shall execute and
deliver within 10 Business Days, in lieu thereof, a new Note, dated and bearing
interest from the date to which interest shall have been paid on such lost,
stolen, destroyed or mutilated Note or dated the date of such lost, stolen,
destroyed or mutilated Note if no interest shall have been paid thereon.

14.          PAYMENTS
ON NOTES.

14.1        Place of Payment.

Subject
to Section 14.2, payments of principal, Make-Whole Amount, if any, and interest
becoming due and payable on the Notes shall be made in New York, New York at
the principal office of JPMorgan Chase Bank, N.A. in such jurisdiction.  The Company may at any time, by notice to
each holder of a Note, change the place of payment of the Notes so long as such
place of payment shall be either the principal office of the Company in such
jurisdiction or the principal office of a bank or trust company in such
jurisdiction.

14.2        Home Office Payment.

So
long as you or your nominee shall be the holder of any Note, and
notwithstanding anything contained in Section 14.1 or in such Note to the
contrary, the Company will pay all sums becoming due on such Note for
principal, Make-Whole Amount, if any, and interest by the method and at the
address specified for such purpose below your name in Schedule A, or by such
other method or at such other address as you shall have from time to time 

 34
 

specified to the Company in writing for such purpose,
without the presentation or surrender of such Note or the making of any
notation thereon, except that upon written request of the Company made
concurrently with or reasonably promptly after payment or prepayment in full of
any Note, you shall surrender such Note for cancellation, reasonably promptly
after any such request, to the Company at its principal executive office or at
the place of payment most recently designated by the Company pursuant to
Section 14.1.  Prior to any sale or other
disposition of any Note held by you or your nominee you will, at your election,
either endorse thereon the amount of principal paid thereon and the last date
to which interest has been paid thereon or surrender such Note to the Company
in exchange for a new Note or Notes pursuant to Section 13.2.  The Company will afford the benefits of this
Section 14.2 to any Institutional Investor that is the direct or indirect
transferee of any Note purchased by you under this Agreement and that has made
the same agreement relating to such Note as you have made in this Section 14.2.

15.          EXPENSES,
ETC.

15.1        Transaction Expenses.

Whether
or not the transactions contemplated hereby are consummated, the Parent or the
Company will pay all costs and expenses (including reasonable attorneys’ fees
of one special counsel and, if reasonably required by the Required Holders,
local or other counsel) incurred by you and each Other Purchaser or holder of a
Note in connection with such transactions and in connection with any
amendments, waivers or consents under or in respect of this Agreement, the
Notes, the Parent Guaranty or the Subsidiary Guaranty (whether or not such
amendment, waiver or consent becomes effective), including, without limitation:
(a) the costs and expenses incurred in enforcing or defending (or determining
whether or how to enforce or defend) any rights under this Agreement, the
Notes, the Parent Guaranty or the Subsidiary Guaranty or in responding to any
subpoena or other legal process or informal investigative demand issued in
connection with this Agreement, the Notes, the Parent Guaranty or the
Subsidiary Guaranty, or by reason of being a holder of any Note, (b) the costs
and expenses, including financial advisors’ fees, incurred in connection with
the insolvency or bankruptcy of the Company or any Subsidiary or in connection
with any work-out or restructuring of the transactions contemplated hereby, by
the Notes, by the Parent Guaranty and the Subsidiary Guaranty and (c) the costs
and expenses, not in excess of $3,000, incurred in connection with the initial
filing of this Agreement and all related documents and financial information
with the SVO.  The Company will pay, and
will save you and each Other Purchaser or holder of a Note harmless from, all
claims in respect of any fees, costs or expenses, if any, of brokers and
finders (other than those, if any, retained by a Purchaser or other holder in
connection with its purchase of the Notes).

15.2        Survival.

The
obligations of the Company under this Section 15 will survive the payment
or transfer of any Note, the enforcement, amendment or waiver of any provision
of this Agreement or the Notes, and the termination of this Agreement.

 35
 

16.          SURVIVAL
OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT.

All
representations and warranties contained herein shall survive the execution and
delivery of this Agreement and the Notes, the purchase or transfer by you of
any Note or portion thereof or interest therein and the payment of any Note,
and may be relied upon by any subsequent holder of a Note, regardless of any
investigation made at any time by or on behalf of you or any other holder of a
Note; provided, however that all representations and warranties contained
herein shall expire upon the indefeasible payment in full of all amounts due in
connection with this Agreement.  All
statements contained in any certificate or other instrument delivered by or on
behalf of the Parent or the Company pursuant to this Agreement shall be deemed
representations and warranties of the Parent and the Company under this
Agreement.  Subject to the preceding
sentence, this Agreement and the Notes embody the entire agreement and
understanding between you and the Parent and the Company and supersede all
prior agreements and understandings relating to the subject matter hereof.

17.          AMENDMENT
AND WAIVER.

17.1        Requirements.

This
Agreement, the Notes, the Parent Guaranty and the Subsidiary Guaranty may be
amended, and the observance of any term hereof or thereof may be waived (either
retroactively or prospectively), with (and only with) the written consent of
the Company and the Required Holders, except that (a) no amendment or waiver of
any of the provisions of Section 1, 2, 3, 4, 5, 6 or 21 hereof, or any
defined term (as it is used therein), will be effective as to you unless consented
to by you in writing, and (b) no such amendment or waiver may, without the
written consent of the holder of each Note at the time outstanding affected
thereby, (i) subject to the provisions of Section 12 relating to
acceleration or rescission, change the amount or time of any prepayment or
payment of principal of, or reduce the rate or change the time of payment or
method of computation of interest or of the Make-Whole Amount on, the Notes,
(ii) change the percentage of the principal amount of the Notes the holders
of which are required to consent to any such amendment or waiver, or
(iii) amend any of Sections 8, 11(a), 11(b), 12, 17 or 20.

17.2        Solicitation of Holders of Notes.

(a)           Solicitation.  The Parent and the Company will provide each
holder of the Notes (irrespective of the amount of Notes then owned by it) with
sufficient information, sufficiently far in advance of the date a decision is
required, to enable such holder to make an informed and considered decision
with respect to any proposed amendment, waiver or consent in respect of any of
the provisions hereof or of the Notes. 
The Company will deliver executed or true and correct copies of each
amendment, waiver or consent effected pursuant to the provisions of this
Section 17 to each holder of outstanding Notes promptly following the date
on which it is executed and delivered by, or receives the consent or approval
of, the requisite holders of Notes.

(b)           Payment.  The Parent and the Company will not directly
or indirectly pay or cause to be paid any remuneration, whether by way of
supplemental or additional 

 36
 

interest, fee or otherwise, or grant any
security, to any holder of Notes as consideration for or as an inducement to
the entering into by any holder of Notes of any waiver or amendment of any of
the terms and provisions hereof unless such remuneration is concurrently paid,
or security is concurrently granted, on the same terms, ratably to each holder
of Notes then outstanding that also enters into any waiver or amendment of any
of the terms and provisions hereto.  If
any such remuneration is paid to any holder of Notes that for any reason does
not enter into any waiver or amendment of any of the terms and provisions
hereof, such remuneration shall also be paid to all other non-consenting
holders.

17.3        Binding Effect, etc.

Any
amendment or waiver consented to as provided in this Section 17 applies
equally to all holders of Notes and is binding upon them and upon each future
holder of any Note and upon the Parent and the Company without regard to whether
such Note has been marked to indicate such amendment or waiver.  No such amendment or waiver will extend to or
affect any obligation, covenant, agreement, Default or Event of Default not
expressly amended or waived or impair any right consequent thereon.  No course of dealing between the Parent or
the Company and the holder of any Note nor any delay in exercising any rights
hereunder or under any Note shall operate as a waiver of any rights of any
holder of such Note.  As used herein, the
term “this Agreement” or “the Agreement” and references thereto shall mean this
Note Purchase Agreement as it may from time to time be amended or supplemented.

17.4        Notes held by Company, etc.

Solely
for the purpose of determining whether the holders of the requisite percentage
of the aggregate principal amount of Notes then outstanding approved or
consented to any amendment, waiver or consent to be given under this Agreement
or the Notes, or have directed the taking of any action provided herein or in
the Notes to be taken upon the direction of the holders of a specified
percentage of the aggregate principal amount of Notes then outstanding, Notes
directly or indirectly owned by the Company or any of its Affiliates shall be
deemed not to be outstanding.

18.          NOTICES.

All
notices and communications provided for hereunder shall be in writing and sent
(a) by telecopy if the sender on the same day sends a confirming copy of
such notice by a recognized overnight delivery service (charges prepaid), or
(b) by registered or certified mail with return receipt requested (postage
prepaid), or (c) by a recognized overnight delivery service (with charges
prepaid).  Any such notice must be sent:

(i)            if to you or your nominee, to you or
it at the address specified for such communications in Schedule A, or at such
other address as you or it shall have specified to the Company in writing,

(ii)           if to any other holder of any Note,
to such holder at such address as such other holder shall have specified to the
Company in writing, or

 37
 

(iii)          if to the Company, the Parent or any
Subsidiary Guarantor, to the Company at its address set forth at the beginning
hereof to the attention of the David Chelette, or at such other address as the
Company shall have specified to the holder of each Note in writing.

Notices under this Section 18 will be deemed given
only when actually received.

19.          REPRODUCTION
OF DOCUMENTS.

This
Agreement and all documents relating hereto, including (a) consents,
waivers and modifications that may hereafter be executed, (b) documents
received by you at a Closing (except the Notes themselves), and
(c) financial statements, certificates and other information previously or
hereafter furnished to you, may be reproduced by you by any photographic,
photostatic, electronic, digital or other similar process and you may destroy
any original document so reproduced.  The
Company agrees and stipulates that, to the extent permitted by applicable law,
any such reproduction shall be admissible in evidence as the original itself in
any judicial or administrative proceeding (whether or not the original is in
existence and whether or not such reproduction was made by you in the regular
course of business) and any enlargement, facsimile or further reproduction of
such reproduction shall likewise be admissible in evidence.  This Section 19 shall not prohibit the
Company or any other holder of Notes from contesting any such reproduction to
the same extent that it could contest the original, or from introducing evidence
to demonstrate the inaccuracy of any such reproduction.

20.          CONFIDENTIAL
INFORMATION.

For
the purposes of this Section 20, “Confidential Information” means information
delivered to any Purchaser by or on behalf of the Parent or any Subsidiary in
connection with the transactions contemplated by or otherwise pursuant to this
Agreement that is proprietary in nature and that was clearly marked or labeled
or otherwise adequately identified when received by you as being confidential
information of the Parent or such Subsidiary, provided that such term does not
include information that (a) was publicly known or otherwise known to you
prior to the time of such disclosure, (b) subsequently becomes publicly
known through no act or omission by you or any Person acting on your behalf,
(c) otherwise becomes known to you other than through disclosure by the
Parent or any Subsidiary, or (d) constitutes financial statements
delivered to you under Section 7.1 that are otherwise publicly available.  You will maintain the confidentiality of such
Confidential Information in accordance with procedures adopted by you in good
faith to protect confidential information of third parties delivered to you,
provided that you may deliver or disclose Confidential Information to
(i) your directors, officers, employees, agents, attorneys and affiliates
(to the extent such disclosure reasonably relates to the administration of the
investment represented by your Notes), (ii) your financial advisors and other
professional advisors who agree to hold confidential the Confidential Information
substantially in accordance with the terms of this Section 20, (iii) any
other holder of any Note, (iv) any Institutional Investor to which you
sell or offer to sell such Note or any part thereof or any participation
therein (if such Person has agreed in writing prior to its receipt of such
Confidential Information to be bound by the provisions of this
Section 20), (v) any Person from which you offer to purchase any
security of the Company (if such Person has agreed in writing prior to its
receipt of such Confidential Information to be bound by the provisions of this 

 38
 

Section 20), (vi) any federal or state
regulatory authority having jurisdiction over you, (vii) the NAIC or the
SVO or, in each case, any similar organization, or any nationally recognized
rating agency that requires access to information about your investment
portfolio or (viii) any other Person to which such delivery or disclosure
may be necessary or appropriate (w) to effect compliance with any law,
rule, regulation or order applicable to you, (x) in response to any
subpoena or other legal process, (y) in connection with any litigation to
which you are a party or (z) if an Event of Default has occurred and is
continuing, to the extent you may reasonably determine such delivery and disclosure
to be necessary or appropriate in the enforcement or for the protection of the
rights and remedies under your Notes and this Agreement.  Each holder of a Note, by its acceptance of a
Note, will be deemed to have agreed to be bound by and to be entitled to the
benefits of this Section 20 as though it were a party to this Agreement.  On reasonable request by the Company in
connection with the delivery to any holder of a Note of information required to
be delivered to such holder under this Agreement or requested by such holder
(other than a holder that is a party to this Agreement or its nominee), such
holder will enter into an agreement with the Company embodying the provisions
of this Section 20.

21.          SUBSTITUTION
OF PURCHASER.

You
shall have the right to substitute any one of your Affiliates as the purchaser
of the Notes that you have agreed to purchase hereunder, by written notice to
the Company, which notice shall be signed by both you and such Affiliate, shall
contain such Affiliate’s agreement to be bound by this Agreement and shall
contain a confirmation by such Affiliate of the accuracy with respect to it of
the representations set forth in Section 6; provided; however, that you shall
pay any additional expenses incurred by the Company in connection with such
substitution, including expenses due to a delay in the Closing or any
requirement that the Company provide additional closing certificates.  Upon receipt of such notice, wherever the
word “you” is used in this Agreement (other than in this Section 21), such word
shall be deemed to refer to such Affiliate in lieu of you.  In the event that such Affiliate is so
substituted as a purchaser hereunder and such Affiliate thereafter transfers to
you all of the Notes then held by such Affiliate, upon receipt by the Company
of notice of such transfer, wherever the word “you” is used in this Agreement
(other than in this Section 21), such word shall no longer be deemed to
refer to such Affiliate, but shall refer to you, and you shall have all the
rights of an original holder of the Notes under this Agreement.

22.          MISCELLANEOUS.

22.1        Successors and Assigns.

All
covenants and other agreements contained in this Agreement by or on behalf of
any of the parties hereto bind and inure to the benefit of their respective
successors and assigns (including any subsequent holder of a Note) whether so
expressed or not.

22.2        Payments Due on Non-Business Days.

Anything
in this Agreement or the Notes to the contrary notwithstanding (but without
limiting the requirement in Section 8.2 that the notice of any optional
prepayment specify a Business Day as the date fixed for such prepayment), any
payment of principal of or 

 39
 

Make-Whole Amount or interest on any Note that is due
on a date other than a Business Day shall be made on the next succeeding
Business Day without including the additional days elapsed in the computation
of the interest payable on such next succeeding Business Day; provided that if
the maturity date of any Note is a date other than a Business Day, the payment
otherwise due on such maturity date shall be made on the next succeeding
Business Day and shall include the additional days elapsed in the computation
of interest payable on such next succeeding Business Day.

22.3        Accounting Terms.

All
accounting terms used herein that are not expressly defined in this Agreement
have the meanings respectively given to them in accordance with GAAP.  Except as otherwise specifically provided
herein, (i) all computations made pursuant to this Agreement shall be made in
accordance with GAAP and (ii) all financial statements shall be prepared in
accordance with GAAP.

22.4        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
jurisdiction shall (to the fullest extent permitted by law) not invalidate or
render unenforceable such provision in any other jurisdiction.

22.5        Construction.

Each
covenant contained herein shall be construed (absent express provision to the
contrary) as being independent of each other covenant contained herein, so that
compliance with any one covenant shall not (absent such an express contrary
provision) be deemed to excuse compliance with any other covenant.  Where any provision herein refers to action
to be taken by any Person, or which such Person is prohibited from taking, such
provision shall be applicable whether such action is taken directly or
indirectly by such Person.

For
the avoidance of doubt, all Schedules and Exhibits attached to this Agreement
shall be deemed to be a part hereof.

22.6        Counterparts.

This
Agreement may be executed in any number of counterparts, each of which shall be
an original but all of which together shall constitute one instrument.  Each counterpart may consist of a number of
copies hereof, each signed by less than all, but together signed by all, of the
parties hereto.

22.7        Governing Law.

This
Agreement shall be construed and enforced in accordance with, and the rights of
the parties shall be governed by, the law of the state of New York excluding
choice of 

 40
 

law principles of the law of such state that would
require the application of the laws of a jurisdiction other than such state.

22.8        Jurisdiction and Process; Waiver of Jury
Trial.

(a)           Each of the Parent and the Company
irrevocably submits to the non-exclusive jurisdiction of any New York state or
federal court sitting in the Borough of Manhattan, The City of New York, over
any suit, action or proceeding arising out of or relating to this Agreement,
the Parent Guaranty, the Subsidiary Guaranty or the Notes.  To the fullest extent permitted by applicable
law, each of the Parent and the Company irrevocably waives and agrees not to
assert, by way of motion, as a defense or otherwise, any claim that it is not
subject to the jurisdiction of any such court, any objection that it may now or
hereafter have to the laying of the venue of any such suit, action or
proceeding brought in any such court and any claim that any such suit, action
or proceeding brought in any such court has been brought in an inconvenient
forum.

(b)           Each of the Parent and the Company
consents to process being served by or on behalf of any holder of Notes in any
suit, action or proceeding of the nature referred to in Section 22.8(a) by
mailing a copy thereof by registered or certified mail (or any substantially
similar form of mail), postage prepaid, return receipt requested, to it at its
address specified in Section 18 or at such other address of which such holder
shall then have been notified pursuant to said Section.  Each of the Parent and the Company agrees
that such service upon receipt (i) shall be deemed in every respect effective
service of process upon it in any such suit, action or proceeding and (ii)
shall, to the fullest extent permitted by applicable law, be taken and held to
be valid personal service upon and personal delivery to it.  Notices hereunder shall be conclusively
presumed received as evidenced by a delivery receipt furnished by the United
States Postal Service or any reputable commercial delivery service.

(c)           Nothing in this Section 22.8
shall affect the right of any holder of a Note to serve process in any manner
permitted by law, or limit any right that the holders of any of the Notes may
have to bring proceedings against the Company in the courts of any appropriate
jurisdiction or to enforce in any lawful manner a judgment obtained in one
jurisdiction in any other jurisdiction.

(d)           THE
PARTIES HERETO WAIVE TRIAL BY JURY IN ANY ACTION BROUGHT ON OR WITH RESPECT TO
THIS AGREEMENT, THE NOTES OR ANY OTHER DOCUMENT EXECUTED IN CONNECTION HEREWITH
OR THEREWITH.

 

 41

If
you are in agreement with the foregoing, please sign the form of agreement on a
counterpart of this Agreement and return it to the Company, whereupon this
Agreement shall become a binding agreement between you, the Company and the
Parent.

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  J.B. HUNT TRANSPORT, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  J.B. HUNT TRANSPORT SERVICES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 S-1
 

This Agreement is
accepted and 

agreed to as of the date thereof.

	
  NEW
  YORK LIFE INSURANCE COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION

  	
   

  	
   

  
	
  By:   New York
  Life Investment Management LLC, Its Investment Manager

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION

  	
   

  	
   

  
	
  INSTITUTIONALLY OWNED LIFE INSURANCE SEPARATE
  ACCOUNT (BOLI 3)

  	
   

  	
   

  
	
  By:   New York
  Life Investment Management LLC, its Investment Manager

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION

  	
   

  	
   

  
	
  INSTITUTIONALLY OWNED LIFE INSURANCE SEPARATE
  ACCOUNT (BOLI 3-2)

  	
   

  	
   

  
	
  By:   New York
  Life Investment Management LLC, its Investment Manager

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION
  INSTITUTIONALLY

  	
   

  	
   

  
	
  OWNED LIFE INSURANCE SEPARATE ACCOUNT (BOLI 30C)

  	
   

  	
   

  
	
  By:   New York
  Life Investment Management LLC, its Investment Manager

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
							

 

 

 S-2
 

 

	
  METROPOLITAN LIFE INSURANCE COMPANY

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  METLIFE INVESTORS INSURANCE COMPANY

  	
   

  
	
  By: Metropolitan Life Insurance Company, its
  investment manager

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  

 S-3
 

 

	
  ING USA ANNUITY AND LIFE INSURANCE COMPANY

  	
   

  
	
  By: ING Investment Management
  LLC, as Agent

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  ING LIFE INSURANCE AND ANNUITY COMPANY

  	
   

  
	
  By: ING Investment Management
  LLC, as Agent

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  RELIASTAR LIFE INSURANCE COMPANY

  	
   

  
	
  By: ING Investment Management
  LLC, as Agent

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  
	
  Name:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  SECURITY LIFE OF DENVER INSURANCE COMPANY

  	
   

  
	
  By: ING Investment Management
  LLC, as Agent

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  

 

 S-4
 

 

	
  UNITED OF OMAHA LIFE INSURANCE COMPANY

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  COMPANION LIFE INSURANCE COMPANY

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  

 

 S-5
 

 

	
  STATE FARM LIFE INSURANCE COMPANY

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  STATE FARM LIFE AND ACCIDENT ASSURANCE COMPANY

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  

 S-6
 

 

	
  BANKERS LIFE AND CASUALTY COMPANY

  	
   

  	
   

  
	
  CONSECO LIFE INSURANCE COMPANY

  	
   

  	
   

  
	
  WASHINGTON NATIONAL INSURANCE COMPANY

  	
   

  	
   

  
	
  By: 40|86 Advisors, Inc. acting as Investment
  Advisor

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
  Name: Edwin Ferrell

  	
   

  	
   

  
	
  Title:
    Senior Vice President

  	
   

  	
   

  
					

 

 S-7
 

 

	
  HARTFORD LIFE INSURANCE COMPANY

  	
   

  	
   

  
	
  By: Hartford Investment Management Company,

  	
   

  	
   

  
	
   

  	
  Its Agent and
  Attorney-in-Fact

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
					

 

 S-8
 

 

	
  THE
  STATE LIFE INSURANCE COMPANY BY

  	
   

  
	
  AMERICAN UNITED LIFE INSURANCE COMPANY ITS AGENT

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  AMERICAN UNITED LIFE INSURANCE COMPANY

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  

 

 S-9

SCHEDULE
A

INFORMATION RELATING TO PURCHASERS

	
  

  	
   

  	
  Principal Amount of

  	 

	
  

  	
  Name and Address of
  Purchaser

  	
  Notes to be Purchased

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  New York Life Insurance Company

  	
  $12,500,000

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  All payments by wire or intrabank transfer of
  immediately available funds to: 

  	 

	
  (1)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  JPMorgan Chase Bank

  
	
   

  	
   

  	
  New York, New York 10019

  
	
   

  	
   

  	
  ABA No. 021-000-021

  
	
   

  	
   

  	
  Credit: New York Life Insurance Company

  
	
   

  	
   

  	
  General Account No. 008-9-00687

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with sufficient information (including issuer, PPN
  number, interest rate, maturity and whether payment is of principal, premium,
  or interest) to identify the source and application of such funds.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (2)

  	
  All notices of payments and written confirmations of
  such wire transfers and any audit confirmation: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  New York Life Insurance Company 

  
	
   

  	
   

  	
  c/o New York Life Investment Management LLC 

  
	
   

  	
   

  	
  51 Madison Avenue 

  
	
   

  	
   

  	
  New York, New York 10010-1603 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
  Financial Management 

  
	
   

  	
   

  	
   

  	
  Securities Operations 

  
	
   

  	
   

  	
   

  	
  2nd Floor 

  
	
   

  	
   

  	
   

  	
  Fax #: (212) 447-4160 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with a copy sent electronically to:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIIGLibrary@nylim.com

  
							

 

 1
 Schedule A
 

 

	
  (3)

  	
  All other communications: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  New York Life Insurance Company 

  
	
   

  	
   

  	
  c/o New York Life Investment Management LLC 

  
	
   

  	
   

  	
  51 Madison Avenue 

  
	
   

  	
   

  	
  New York, New York 10010 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
  Fixed Income Investors Group 

  
	
   

  	
   

  	
   

  	
  Private Finance 

  
	
   

  	
   

  	
   

  	
  2nd Floor 

  
	
   

  	
   

  	
   

  	
  Fax #: (212) 447-4122 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with a copy sent electronically to: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIIGLibrary@nylim.com 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  and with a copy of any notices regarding defaults or
  Events of Default under the operative documents to: 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
  Office of General Counsel 

  
	
   

  	
   

  	
   

  	
  Investment Section, Room 1104 

  
	
   

  	
   

  	
   

  	
  Fax #: (212) 576-8340

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (4)

  	
  E-mail address for Electronic Delivery: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIIGLibrary@nylim.com

  
	
   

  	
   

  	
   

  
	
  (5)

  	
  Address for delivery of Notes and closing documents:
  

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Michael Boyd 

  
	
   

  	
   

  	
  New York Life Investment Management LLC 

  
	
   

  	
   

  	
  51 Madison Avenue, Room 117M 

  
	
   

  	
   

  	
  New York, NY 10010 

  
	
   

  	
   

  	
  Tel: 212.576.6755

  
	
   

  	
   

  	
   

  
	
  (6)

  	
  Tax ID: 13-5582869

  

 

 2
 Schedule A
 

INFORMATION RELATING TO PURCHASERS

	
  

  	
   

  	
  Principal Amount of

  	 

	
  

  	
  Name and Address of
  Purchaser

  	
  Notes to be Purchased

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  New York Life Insurance
  and Annuity Corporation

  	
  $41,000,000

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  All payments by wire or intrabank transfer of
  immediately available funds to: 

  	 

	
  (1)

  	
   

  	
   

  
	
   

  	
   

  	
  JPMorgan Chase Bank

  
	
   

  	
   

  	
  New York, New York 10019

  
	
   

  	
   

  	
  ABA No. 021-000-021

  
	
   

  	
   

  	
  Credit: New York Life Insurance and Annuity Corporation

  
	
   

  	
   

  	
  General Account No. 323-8-47382

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with sufficient information (including issuer, PPN
  number, interest rate, maturity and whether payment is of principal, premium,
  or interest) to identify the source and application of such funds.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (2)

  	
  All notices of payments and written confirmations of
  such wire transfers and any audit confirmation: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  New York Life Insurance and Annuity Corporation 

  
	
   

  	
   

  	
  c/o New York Life Investment Management LLC 

  
	
   

  	
   

  	
  51 Madison Avenue 

  
	
   

  	
   

  	
  New York, New York 10010-1603 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
  Financial Management 

  
	
   

  	
   

  	
   

  	
  Securities Operations 

  
	
   

  	
   

  	
   

  	
  2nd Floor 

  
	
   

  	
   

  	
   

  	
  Fax #: (212) 447-4160 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with a copy sent electronically to:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIIGLibrary@nylim.com

  
							

 

 3
 Schedule A
 

 

	
  (3)

  	
  All other communications: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  New York Life Insurance and Annuity Corporation 

  
	
   

  	
   

  	
  c/o New York Life Investment Management LLC 

  
	
   

  	
   

  	
  51 Madison Avenue 

  
	
   

  	
   

  	
  New York, New York 10010 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
  Fixed Income Investors Group 

  
	
   

  	
   

  	
   

  	
  Private Finance 

  
	
   

  	
   

  	
   

  	
  2nd Floor 

  
	
   

  	
   

  	
   

  	
  Fax #: (212) 447-4122 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with a copy sent electronically to: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIIGLibrary@nylim.com 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  and with a copy of any notices regarding defaults or
  Events of Default under the operative documents to: 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
  Office of General Counsel 

  
	
   

  	
   

  	
   

  	
  Investment Section, Room 1104 

  
	
   

  	
   

  	
   

  	
  Fax #: (212) 576-8340

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (4)

  	
  E-mail address for Electronic Delivery: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIIGLibrary@nylim.com

  
	
   

  	
   

  	
   

  
	
  (5)

  	
  Address for delivery of Notes and closing documents:
  

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Michael Boyd 

  
	
   

  	
   

  	
  New York Life Investment Management LLC 

  
	
   

  	
   

  	
  51 Madison Avenue, Room 117M 

  
	
   

  	
   

  	
  New York, NY 10010 

  
	
   

  	
   

  	
  Tel: 212.576.6755

  
	
   

  	
   

  	
   

  
	
  (6)

  	
  Tax ID: 13-3044743

  

 

 4
 Schedule A
 

INFORMATION RELATING TO PURCHASERS

	
  

  	
   

  	
  Principal Amount of

  	 

	
  

  	
  Name and Address of
  Purchaser

  	
  Notes to be Purchased

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  New York Life Insurance
  and Annuity Corporation 

  Institutionally Owned Life Insurance Separate Account

   

  	
  $500,000

  	 

	
   

  	
  All payments by wire or intrabank transfer of
  immediately available funds to: 

  	 

	
  (1)

  	
   

  	
   

  
	
   

  	
   

  	
  JPMorgan Chase Bank

  
	
   

  	
   

  	
  New York, New York 10019

  
	
   

  	
   

  	
  ABA No. 021-000-021

  
	
   

  	
   

  	
  Credit: NYLIAC SEPARATE
  BOLI 3 BROAD FIXED

  
	
   

  	
   

  	
  General Account No. 323-8-39002

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with sufficient information (including issuer, PPN
  number, interest rate, maturity and whether payment is of principal, premium,
  or interest) to identify the source and application of such funds.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (2)

  	
  All notices of payments and written confirmations of
  such wire transfers and any audit confirmation: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  New York Life Insurance and Annuity Corporation 

  
	
   

  	
   

  	
  Institutionally Owned Life
  Insurance Separate Account

  
	
   

  	
   

  	
  c/o New York Life Investment Management LLC 

  
	
   

  	
   

  	
  51 Madison Avenue 

  
	
   

  	
   

  	
  New York, New York 10010-1603 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
  Financial Management 

  
	
   

  	
   

  	
   

  	
  Securities Operations 

  
	
   

  	
   

  	
   

  	
  2nd Floor 

  
	
   

  	
   

  	
   

  	
  Fax #: (212) 447-4160 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with a copy sent electronically to:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIIGLibrary@nylim.com

  
							

 

 5
 Schedule A
 

 

	
  (3)

  	
  All other communications: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  New York Life Insurance and Annuity Corporation 

  
	
   

  	
   

  	
  Institutionally Owned Life
  Insurance Separate Account

  
	
   

  	
   

  	
  c/o New York Life Investment Management LLC 

  
	
   

  	
   

  	
  51 Madison Avenue 

  
	
   

  	
   

  	
  New York, New York 10010 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
  Fixed Income Investors Group 

  
	
   

  	
   

  	
   

  	
  Private Finance 

  
	
   

  	
   

  	
   

  	
  2nd Floor 

  
	
   

  	
   

  	
   

  	
  Fax #: (212) 447-4122 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with a copy sent electronically to: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIIGLibrary@nylim.com 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  and with a copy of any notices regarding defaults or
  Events of Default under the operative documents to: 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
  Office of General Counsel 

  
	
   

  	
   

  	
   

  	
  Investment Section, Room 1104 

  
	
   

  	
   

  	
   

  	
  Fax #: (212) 576-8340

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (4)

  	
  E-mail address for Electronic Delivery: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIIGLibrary@nylim.com

  
	
   

  	
   

  	
   

  
	
  (5)

  	
  Address for delivery of Notes and closing documents:
  

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Michael Boyd 

  
	
   

  	
   

  	
  New York Life Investment Management LLC 

  
	
   

  	
   

  	
  51 Madison Avenue, Room 117M 

  
	
   

  	
   

  	
  New York, NY 10010 

  
	
   

  	
   

  	
  Tel: 212.576.6755

  
	
   

  	
   

  	
   

  
	
  (6)

  	
  Tax ID: 13-3044743

  

 

 6
 Schedule A
 

INFORMATION RELATING TO PURCHASERS

	
  

  	
   

  	
  Principal Amount of

  	 

	
  

  	
  Name and Address of
  Purchaser

  	
  Notes to be Purchased

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  New York Life Insurance
  and Annuity Corporation

  Institutionally Owned Life Insurance Separate Account

   

  	
  $500,000

  	 

	
   

  	
  All payments by wire or intrabank transfer of
  immediately available funds to: 

  	 

	
  (1)

  	
   

  	
   

  
	
   

  	
   

  	
  Chase Manhattan Bank

  
	
   

  	
   

  	
  New York, New York 10019

  
	
   

  	
   

  	
  ABA No. 021-000-021

  
	
   

  	
   

  	
  Credit: NYLIAC SEPARATE
  BOLI 3-2

  
	
   

  	
   

  	
  General Account No. 323-9-56793

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with sufficient information (including issuer, PPN
  number, interest rate, maturity and whether payment is of principal, premium,
  or interest) to identify the source and application of such funds.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (2)

  	
  All notices of payments and written confirmations of
  such wire transfers and any audit confirmation: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  New York Life Insurance and Annuity Corporation 

  
	
   

  	
   

  	
  Institutionally Owned Life
  Insurance Separate Account

  
	
   

  	
   

  	
  c/o New York Life Investment Management LLC 

  
	
   

  	
   

  	
  51 Madison Avenue 

  
	
   

  	
   

  	
  New York, New York 10010-1603 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
  Financial Management 

  
	
   

  	
   

  	
   

  	
  Securities Operations 

  
	
   

  	
   

  	
   

  	
  2nd Floor 

  
	
   

  	
   

  	
   

  	
  Fax #: (212) 447-4160 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with a copy sent electronically to:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIIGLibrary@nylim.com

  
							

 

 7
 Schedule A
 

 

	
  (3)

  	
  All other communications: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  New York Life Insurance and Annuity Corporation 

  
	
   

  	
   

  	
  Institutionally Owned Life
  Insurance Separate Account

  
	
   

  	
   

  	
  c/o New York Life Investment Management LLC 

  
	
   

  	
   

  	
  51 Madison Avenue 

  
	
   

  	
   

  	
  New York, New York 10010 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
  Fixed Income Investors Group 

  
	
   

  	
   

  	
   

  	
  Private Finance 

  
	
   

  	
   

  	
   

  	
  2nd Floor 

  
	
   

  	
   

  	
   

  	
  Fax #: (212) 447-4122 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with a copy sent electronically to: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIIGLibrary@nylim.com 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  and with a copy of any notices regarding defaults or
  Events of Default under the operative documents to: 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
  Office of General Counsel 

  
	
   

  	
   

  	
   

  	
  Investment Section, Room 1104 

  
	
   

  	
   

  	
   

  	
  Fax #: (212) 576-8340

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (4)

  	
  E-mail address for Electronic Delivery: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIIGLibrary@nylim.com

  
	
   

  	
   

  	
   

  
	
  (5)

  	
  Address for delivery of Notes and closing documents:
  

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Michael Boyd 

  
	
   

  	
   

  	
  New York Life Investment Management LLC 

  
	
   

  	
   

  	
  51 Madison Avenue, Room 117M 

  
	
   

  	
   

  	
  New York, NY 10010 

  
	
   

  	
   

  	
  Tel: 212.576.6755

  
	
   

  	
   

  	
   

  
	
  (6)

  	
  Tax ID: 13-3044743

  

 

 8
 Schedule A
 

INFORMATION RELATING TO PURCHASERS

	
  

  	
   

  	
  Principal Amount of

  	 

	
  

  	
  Name and Address of
  Purchaser

  	
  Notes to be Purchased

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  New York Life Insurance
  and Annuity Corporation

  Institutionally Owned Life Insurance Separate Account

   

  	
  $500,000

  	 

	
   

  	
  All payments by wire or intrabank transfer of
  immediately available funds to: 

  	 

	
  (1)

  	
   

  	
   

  
	
   

  	
   

  	
  JPMorgan Chase Manhattan Bank

  
	
   

  	
   

  	
  New York, New
  York 10019

  
	
   

  	
   

  	
  ABA No.
  021-000-021

  
	
   

  	
   

  	
  Credit: NYLIAC SEPARATE BOLI 3-2

  
	
   

  	
   

  	
  General Account
  No. 304-6-23970

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with sufficient information (including issuer, PPN
  number, interest rate, maturity and whether payment is of principal, premium,
  or interest) to identify the source and application of such funds.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (2)

  	
  All notices of payments and written confirmations of
  such wire transfers and any audit confirmation: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  New York Life Insurance and Annuity Corporation 

  
	
   

  	
   

  	
  Institutionally Owned Life
  Insurance Separate Account

  
	
   

  	
   

  	
  c/o New York Life Investment Management LLC 

  
	
   

  	
   

  	
  51 Madison Avenue 

  
	
   

  	
   

  	
  New York, New York 10010-1603 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
  Financial Management 

  
	
   

  	
   

  	
   

  	
  Securities Operations 

  
	
   

  	
   

  	
   

  	
  2nd Floor 

  
	
   

  	
   

  	
   

  	
  Fax #: (212) 447-4160 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with a copy sent electronically to:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIIGLibrary@nylim.com

  
							

 

 9
 Schedule A
 

 

	
  (3)

  	
  All other communications: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  New York Life Insurance and Annuity Corporation 

  
	
   

  	
   

  	
  Institutionally Owned Life
  Insurance Separate Account

  
	
   

  	
   

  	
  c/o New York Life Investment Management LLC 

  
	
   

  	
   

  	
  51 Madison Avenue 

  
	
   

  	
   

  	
  New York, New York 10010 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
  Fixed Income Investors Group 

  
	
   

  	
   

  	
   

  	
  Private Finance 

  
	
   

  	
   

  	
   

  	
  2nd Floor 

  
	
   

  	
   

  	
   

  	
  Fax #: (212) 447-4122 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with a copy sent electronically to: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIIGLibrary@nylim.com 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  and with a copy of any notices regarding defaults or
  Events of Default under the operative documents to: 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attention:

  	
  Office of General Counsel 

  
	
   

  	
   

  	
   

  	
  Investment Section, Room 1104 

  
	
   

  	
   

  	
   

  	
  Fax #: (212) 576-8340

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (4)

  	
  E-mail address for Electronic Delivery: 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIIGLibrary@nylim.com

  
	
   

  	
   

  	
   

  
	
  (5)

  	
  Address for delivery of Notes and closing documents:
  

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Michael Boyd 

  
	
   

  	
   

  	
  New York Life Investment Management LLC 

  
	
   

  	
   

  	
  51 Madison Avenue, Room 117M 

  
	
   

  	
   

  	
  New York, NY 10010 

  
	
   

  	
   

  	
  Tel: 212.576.6755

  
	
   

  	
   

  	
   

  
	
  (6)

  	
  Tax ID: 13-3044743

  

 

 10
 Schedule A

INFORMATION RELATING TO PURCHASERS

	
  

  	
  NAME AND ADDRESS OF
  PURCHASER

  	
  PRINCIPAL AMOUNT OF

  NOTES TO BE PURCHASED

  
	
   

  	
   

  	
   

  
	
   

  	
  Metropolitan Life Life
  Insurance Company

  	
  $30,000,000

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (1)

  	
  All scheduled payments of principal and interest by
  wire transfer of immediately available funds to:

  
	
   

  	
   

  	
   

  
	
   

  	
  Bank Name:

  ABA Routing #:

  Account No.:

  Account Name:

  	
  JPMorgan Chase Bank

  021-000-021

  002-2-410591

  Metropolitan Life Insurance Company

  	
   

  
	
   

  	
  Ref:

  	
  J.B. Hunt Transport Services, Inc. 5.31% Bonds due
  March 29, 2011

  
	
   

  	
   

  
	
   

  	
  with sufficient
  information to identify the source and application of such funds, including
  issuer, PPN#, interest rate, maturity and whether payment is of principal,
  interest, make whole amount or otherwise.

  
	
   

  	
   

  
	
   

  	
  For all payments other than scheduled payments of
  principal and interest, the Company shall seek instructions from the holder,
  and in the absence of instructions to the contrary, will make such payments
  to the account and in the manner set forth above.

  
				

 

 11
 Schedule A
 

 

	
  (2)

  	
  All notices and communications, including notices of
  payments and written confirmations of such wire transfers:

  
	
   

  	
   

  	
   

  
	
   

  	
  Metropolitan
  Life Insurance Company

  Investments, Private
  Placements

  P.O. Box 1902

  10 Park Avenue

  Morristown, New Jersey
  07962-1902

  Attention:  Director

  Facsimile (973)
  355-4250

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  With a copy OTHER than with respect to deliveries of financial statements
  to:

  
	
   

  	
   

  	
   

  
	
   

  	
  Metropolitan Life
  Insurance Company

  P.O. Box 1902

  10 Park Avenue

  Morristown, New Jersey 07962-1902

  Attention: Chief
  Counsel-Securities Investments (PRIV)

  Facsimile (973)
  355-4338

  	
   

  
	
   

  	
   

  	
   

  
	
  (3)

  	
  E-mail address for Electronic Delivery:

  	
   

  
	
   

  	
   

  	
   

  
	
  (4)

  	
  Address for delivery of Notes:

  
	
   

  	
   

  
	
   

  	
  Metropolitan Life
  Insurance Company

  Securities Investments,
  Law Department

  P.O. Box 1902

  10 Park Avenue

  Morristown, New Jersey
  07962-1902

  Attention: Thomas J.
  Pasuit, Esq.

  	
   

  

 

 12
 Schedule A
 

 

	
  (5)

  	
  Forward (a) one copy of the legal bill; (b) one
  complete set of closing documents with original signatures; (c) two bound
  sets of conformed copies of the principal documents; and (d) 1 CD-ROM of the
  closing documents to:

  
	
   

  	
   

  	
   

  
	
   

  	
  Metropolitan Life
  Insurance Company

  Attention:  Thomas J. Pasuit, Esq.

  10 Park Avenue/P.O. Box
  1902

  Morristown, New Jersey
  07962

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  AND one set of copies of the principal documents,
  or, if possible, one CD-ROM, to:

  
	
   

  	
   

  	
   

  
	
   

  	
  MetLife

  Attention:  Mary Phillips

  18210 Crane Nest Drive

  Tampa, Florida 07962

  (813) 983-4564

  	
   

  
	
   

  	
   

  	
   

  
	
  (6)

  	
  Tax ID: 
  13-5581829

  	
   

  

 

 13
 Schedule A
 

INFORMATION RELATING TO PURCHASERS

	
  

  	
  NAME AND ADDRESS OF PURCHASER

  	
  PRINCIPAL AMOUNT OF

  NOTES TO BE PURCHASED

  
	
   

  	
   

  	
   

  
	
   

  	
  MetLife Investors Insurance
  Company

  	
  $15,000,000

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (1)

  	
  All scheduled payments of principal and interest by
  wire transfer of immediately available funds to:

  
	
   

  	
   

  	
   

  
	
   

  	
  Bank Name:

  ABA Routing #:

  Account No.:

  Account Name:

  	
  JPMorgan Chase Bank

  021-000-021

  323-8-90911

  MetLife Investors Insurance Company

  	
   

  
	
   

  	
  Ref:

  	
  J.B. Hunt Transport Services, Inc. 5.31% Bonds due
  March 29, 2011

  
	
   

  	
   

  
	
   

  	
  with sufficient
  information to identify the source and application of such funds, including
  issuer, PPN#, interest rate, maturity and whether payment is of principal,
  interest, make whole amount or otherwise.

  
	
   

  	
   

  
	
   

  	
  For all payments other than scheduled payments of
  principal and interest, the Company shall seek instructions from the holder,
  and in the absence of instructions to the contrary, will make such payments
  to the account and in the manner set forth above.

  
				

 

 14
 Schedule A
 

 

	
  (2)

  	
  All notices and communications, including notices of
  payments and written confirmations of such wire transfers:

  
	
   

  	
   

  	
   

  
	
   

  	
  MetLife Investors
  Insurance Company

  Investments, Private
  Placements

  P.O. Box 1902

  10 Park Avenue

  Morristown, New Jersey
  07962-1902

  Attention:  Director

  Facsimile (973)
  355-4250

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  With a copy OTHER than with respect to deliveries of financial statements
  to:

  
	
   

  	
   

  	
   

  
	
   

  	
  MetLife Investors
  Insurance Company

  Metropolitan Life Insurance Company

  P.O.
  Box 1902

  10
  Park Avenue

  Morristown,
  New Jersey 07962-1902

  Attention:
  Chief Counsel-Securities Investments (PRIV)

  Facsimile
  (973) 355-4338

  	
   

  
	
   

  	
   

  	
   

  
	
  (3)

  	
  E-mail address for Electronic Delivery:

  	
   

  
	
   

  	
   

  	
   

  
	
  (4)

  	
  Address for delivery of Notes:

  
	
   

  	
   

  
	
   

  	
  MetLife Investors
  Insurance Company

  Metropolitan Life
  Insurance Company

  Securities Investments,
  Law Department

  P.O. Box 1902

  10 Park Avenue

  Morristown, New Jersey
  07962-1902

  Attention: Thomas J.
  Pasuit, Esq.

  	
   

  
	
   

  	
   

  	
   

  
	
  (5)

  	
  Tax ID:  43-1236042

  	
   

  

 

 15
 Schedule A
 

INFORMATION
RELATING TO PURCHASERS

	
  

  	
  NAME AND ADDRESS OF
  PURCHASER

  	
  PRINCIPAL AMOUNT OF

  NOTES TO BE PURCHASED

  
	
   

  	
   

  	
   

  
	
   

  	
  ING USA Annuity and Life Insurance Company 

  	
  $7,000,000

  
	
   

  	
   

  	
   

  
	
  (1)

  	
  All payments on account of Notes held by such
  purchaser shall be made by wire transfer of immediately available funds for
  credit to:

  
	
   

  	
   

  	
   

  
	
   

  	
  The Bank of New York

  BFN:  IOC 566/INST’L CUSTODY

              (for
  scheduled principal and interest payments)

  ABA#:  021000018

  Ref.:  ING USA Annuity and Life Insurance Co.,

             Acct.
  No. 136373 and 44565#
  AD3

             or

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BFN:  IOC 565/INST’L CUSTODY

             (for
  all payments other than scheduled principal and interest)

  ABA#:  021000018

  Ref.:  ING USA Annuity and Life Insurance Co.,

             Acct.
  No. 136373 and 44565#
  AD3

  
	
   

  	
   

  
	
   

  	
  Each such wire transfer shall set forth the name of
  the Issuer, the full title (including the coupon rate, issuance date, and
  final maturity date) of the Notes on account of which such payment is made, a
  reference to the PPN, and the due date and application (as among principal,
  premium and interest) of the payment being made.

  
	
   

  	
   

  
	
  (2)

  	
  Address for all notices relating to payments:

  
	
   

  	
   

  
	
   

  	
  ING Investment
  Management LLC

  5780 Powers
  Ferry Road, NW, Suite 300

  Atlanta, GA  30327-4349

  Attn:  Operations/Settlements

  Fax:  (770) 690-4886

  

 

 16
 Schedule A
 

 

	
  (3)

  	
  Address for all other communications and notices:

  
	
   

  	
   

  	
   

  
	
   

  	
  ING Investment
  Management LLC

  100 Washington
  Avenue South, Suite 1635

  Minneapolis,
  MN  55401-2121

  Attn:  Randy Williamson

  Phone:  (612) 372-5290

  Fax:  (612) 372-5368

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  with copy to:

  
	
   

  	
   

  	
   

  
	
   

  	
  ING Investment
  Management LLC

  5780 Powers
  Ferry Road, NW, Suite 300

  Atlanta, GA  30327-4349

  Attn:  Private Placements

  Fax:  (770) 690-5057

  	
   

  
	
   

  	
   

  	
   

  
	
  (4)

  	
  E-mail address
  for Electronic Delivery:

  	
   

  
	
   

  	
   

  	
   

  
	
  (5)

  	
  The address to send Notes to The Bank of New York is as follows:

  
	
   

  	
   

  
	
   

  	
  The Bank of New York

  One Wall Street

  Window A - 3rd Floor

  New York, NY  10286

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  with copy to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ING Investment Management LLC

  5780 Powers Ferry Road, NW, Suite 300

  Atlanta, GA 
  30327-4349

  Attn:  Private
  Placements

  Fax:  (770)
  690-5057

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Please include in the
  cover letter accompanying the Notes a reference to the Purchaser’s account number
  (ING USA — Acct. No. 136373).

  
	
   

  	
   

  	
   

  
	
  (6)

  	
  Tax ID:  41-0991508

  	
   

  

 

 17
 Schedule A
 

INFORMATION
RELATING TO PURCHASERS

	
  

  	
  NAME AND ADDRESS OF
  PURCHASER

  	
  PRINCIPAL AMOUNT OF

  NOTES TO BE PURCHASED

  
	
   

  	
   

  	
   

  
	
   

  	
  ING Life Insurance and Annuity Company 

  	
  $8,500,000

  
	
   

  	
   

  	
   

  
	
  (1)

  	
  All payments on account of Notes held by such
  purchaser shall be made by wire transfer of immediately available funds for
  credit to:

  
	
   

  	
   

  	
   

  
	
   

  	
  The Bank of New
  York

  ABA#:  021000018

  BFN:  IOC 566

              (for
  scheduled principal and interest payments)

  Attn:  P&I Department

  Ref.:  ING Life Insurance and Annuity Company,

             Acct.
  No. 216101 and 44565# AD3

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  or

  
	
   

  	
   

  
	
   

  	
  BFN:  IOC 565/INST’L CUSTODY

             (for
  all payments other than scheduled principal and interest)

  Attn:  P&I Department

  Ref.:  ING Life Insurance and Annuity Company,

             Acct.
  No. 216101 and 44565# AD3

  
	
   

  	
   

  
	
   

  	
  Each such wire transfer shall set forth the name of
  the Issuer, the full title (including the coupon rate, issuance date, and
  final maturity date) of the Notes on account of which such payment is made, a
  reference to the PPN, and the due date and application (as among principal,
  premium and interest) of the payment being made.

  
	
   

  	
   

  
	
  (2)

  	
  Address for all notices relating to payments:

  
	
   

  	
   

  
	
   

  	
  ING Investment
  Management LLC

  5780 Powers
  Ferry Road, NW, Suite 300

  Atlanta, GA  30327-4349

  Attn:  Operations/Settlements

  Fax:  (770) 690-4886

  

 

 18
 Schedule A
 

 

	
  (3)

  	
  Address for all other communications and notices:

  
	
   

  	
   

  	
   

  
	
   

  	
  ING Investment
  Management LLC

  100 Washington
  Avenue South, Suite 1635

  Minneapolis,
  MN  55401-2121

  Attn:  Randy Williamson

  Phone:  (612) 372-5290

  Fax:  (612) 372-5368

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  with copy to:

  
	
   

  	
   

  	
   

  
	
   

  	
  ING Investment
  Management LLC

  5780 Powers
  Ferry Road, NW, Suite 300

  Atlanta, GA  30327-4349

  Attn:  Private Placements

  Fax:  (770) 690-5057

  	
   

  
	
   

  	
   

  	
   

  
	
  (4)

  	
  E-mail address
  for Electronic Delivery:

  	
   

  
	
   

  	
   

  	
   

  
	
  (5)

  	
  The address to send Notes to The Bank of New York is as follows:

  
	
   

  	
   

  
	
   

  	
  The Bank of New York

  One Wall Street

  Window A - 3rd Floor

  New York, NY  10286

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  with copy to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ING Investment Management LLC

  5780 Powers Ferry Road, NW, Suite 300

  Atlanta, GA 
  30327-4349

  Attn:  Private
  Placements

  Fax:  (770)
  690-5057

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Please include in the
  cover letter accompanying the Notes a reference to the Purchaser’s account
  number (ALI — Acct. No. 216101).

  
	
   

  	
   

  	
   

  
	
  (6)

  	
  Tax ID:  71-0294708

  	
   

  

 

 19
 Schedule A
 

INFORMATION RELATING TO PURCHASERS

	
  

  	
  NAME AND ADDRESS OF
  PURCHASER

  	
  PRINCIPAL AMOUNT OF

  NOTES TO BE PURCHASED

  
	
   

  	
   

  	
   

  
	
   

  	
  Reliastar Life Insurance Company 

  	
  $7,500,000

  
	
   

  	
   

  	
   

  
	
  (1)

  	
  All payments on account of Notes held by such
  purchaser shall be made by wire transfer of immediately available funds for
  credit to:

  
	
   

  	
   

  	
   

  
	
   

  	
  The Bank of New
  York

  BFN:  IOC 566/INST’L CUSTODY

              (for
  scheduled principal and interest payments)

  ABA#:  021000018

  Ref.:  ReliaStar Life Insurance Company,

              Acct.
  No. 187035 and 44565#
  AD3

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  or

  
	
   

  	
   

  
	
   

  	
  BFN:  IOC 565/INST’L CUSTODY

              (for
  all payments other than scheduled principal and interest)

  ABA#:  021000018

  Ref.:  ReliaStar Life Insurance Company,

              Acct.
  No. 187035 and 44565# AD3

  
	
   

  	
   

  
	
   

  	
  Each such wire transfer shall set forth the name of
  the Issuer, the full title (including the coupon rate, issuance date, and
  final maturity date) of the Notes on account of which such payment is made, a
  reference to the PPN, and the due date and application (as among principal,
  premium and interest) of the payment being made.

  
	
   

  	
   

  
	
  (2)

  	
  Address for all notices relating to payments:

  
	
   

  	
   

  
	
   

  	
  ING Investment
  Management LLC

  5780 Powers
  Ferry Road, NW, Suite 300

  Atlanta, GA  30327-4349

  Attn:  Operations/Settlements

  Fax:  (770) 690-4886

  

 

 20
 Schedule A

	
  (3)

  	
  Address for all other communications and notices:

  
	
   

  	
   

  	
   

  
	
   

  	
  ING Investment
  Management LLC

  100 Washington
  Avenue South, Suite 1635

  Minneapolis,
  MN  55401-2121

  Attn:  Randy Williamson

  Phone:  (612) 372-5290

  Fax:  (612) 372-5368

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  with copy to:

  
	
   

  	
   

  	
   

  
	
   

  	
  ING Investment
  Management LLC

  5780 Powers
  Ferry Road, NW, Suite 300

  Atlanta, GA  30327-4349

  Attn:  Private Placements

  Fax:  (770) 690-5057

  	
   

  
	
   

  	
   

  	
   

  
	
  (4)

  	
  E-mail address for Electronic Delivery:

  	
   

  
	
   

  	
   

  	
   

  
	
  (5)

  	
  The address to send Notes to
  The Bank of New York is as follows:

  
	
   

  	
   

  
	
   

  	
  The Bank of New York

  One Wall Street

  Window A - 3rd Floor

  New York, NY  10286

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  with copy to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ING Investment Management LLC

  5780 Powers Ferry Road, NW, Suite 300

  Atlanta, GA 
  30327-4349

  Attn:  Private
  Placements

  Fax:  (770)
  690-5057

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Please include in the
  cover letter accompanying the Notes a reference to the Purchaser’s account
  number (RLI — Acct. No. 187035).

  
	
   

  	
   

  	
   

  
	
  (6)

  	
  Tax ID: 
  41-0451140

  	
   

  

 

 21
 Schedule A
 

INFORMATION RELATING TO PURCHASERS

	
  

  	
  NAME AND ADDRESS OF
  PURCHASER

  	
  PRINCIPAL AMOUNT OF

  NOTES TO BE PURCHASED

  
	
   

  	
   

  	
   

  
	
   

  	
  Security Life of Denver Insurance Company 

  	
  $7,000,000

  
	
   

  	
   

  	
   

  
	
  (1)

  	
  All payments on account of Notes held by such
  purchaser shall be made by wire transfer of immediately available funds for
  credit to:

  
	
   

  	
   

  	
   

  
	
   

  	
  The Bank of New
  York

  ABA#:  021000018

  BFN:  IOC 566

              (for
  scheduled principal and interest payments)

  Attn:  P&I Department

  Ref.:  Security Life of Denver Insurance Company,

             Acct.
  No.178157 and 44565# AD3

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  or

  
	
   

  	
   

  
	
   

  	
  BFN:  IOC 565/INST’L CUSTODY

              (for
  all payments other than scheduled principal and interest)

  Attn:  P&I Department

  Ref.:  Security Life of Denver Insurance Company,

             Acct.
  No.178157 and 44565# AD3

   

  Each such wire transfer shall set forth the name of
  the Issuer, the full title (including the coupon rate, issuance date, and
  final maturity date) of the Notes on account of which such payment is made, a
  reference to the PPN, and the due date and application (as among principal,
  premium and interest) of the payment being made.

  
	
   

  	
   

  
	
  (2)

  	
  Address for all notices relating to payments:

  
	
   

  	
   

  
	
   

  	
  ING Investment
  Management LLC

  5780 Powers
  Ferry Road, NW, Suite 300

  Atlanta, GA  30327-4349

  Attn:  Operations/Settlements

  Fax:  (770) 690-4886

  

 

 

 22
 Schedule A
 

 

	
  (3)

  	
  Address for all other communications and notices:

  
	
   

  	
   

  	
   

  
	
   

  	
  ING Investment
  Management LLC

  100 Washington
  Avenue South, Suite 1635

  Minneapolis,
  MN  55401-2121

  Attn:  Randy Williamson

  Phone:  (612) 372-5290

  Fax:  (612) 372-5368

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  with copy to:

  
	
   

  	
   

  	
   

  
	
   

  	
  ING Investment
  Management LLC

  5780 Powers
  Ferry Road, NW, Suite 300

  Atlanta, GA  30327-4349

  Attn:  Private Placements

  Fax:  (770) 690-5057

  	
   

  
	
   

  	
   

  	
   

  
	
  (4)

  	
  E-mail address for Electronic Delivery:

  	
   

  
	
   

  	
   

  	
   

  
	
  (5)

  	
  The address to send Notes to
  The Bank of New York is as follows:

  
	
   

  	
   

  
	
   

  	
  The Bank of New York

  One Wall Street

  Window A - 3rd Floor

  New York, NY  10286

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  with copy to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ING Investment Management LLC

  5780 Powers Ferry Road, NW, Suite 300

  Atlanta, GA 
  30327-4349

  Attn:  Private
  Placements

  Fax:  (770)
  690-5057

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Please include in the
  cover letter accompanying the Notes a reference to the Purchaser’s account
  number (SLD — Acct. No. 178157).

  
	
   

  	
   

  	
   

  
	
  (6)

  	
  Tax ID:  84-0499703

  	
   

  

 

 23
 Schedule A
 

 

INFORMATION RELATING TO PURCHASERS

	
  

  	
  NAME AND ADDRESS OF
  PURCHASER

  	
  PRINCIPAL AMOUNT OF

  NOTES TO BE PURCHASED

  
	
   

  	
   

  	
   

  
	
   

  	
  United of Omaha Life Insurance Company

  	
  $18,000,000

  
	
   

  	
   

  	
   

  
	
  (1)

  	
  All payments by wire transfer of immediately
  available funds to:

  
	
   

  	
   

  	
   

  
	
   

  	
  JPMorgan Chase
  Bank

  ABA #021000021

  Private Income
  Processing

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  For credit to:

  United of Omaha
  Life Insurance Company

  Account #
  900-9000200

  a/c:  G07097

  Cusip/PPN:
  44565# AD3

  Interest Amount:

  Principal
  Amount:

  
	
   

  	
   

  
	
   

  	
  with sufficient
  information to identify the source and application of such funds.

  
	
   

  	
   

  
	
  (2)

  	
  Address
  for all notices in respect of payment of Principal and Interest, Corporate
  Actions, and Reorganization Notifications:

  
	
   

  	
   

  
	
   

  	
  JPMorgan Chase
  Bank

  14201 Dallas
  Parkway - 13th Floor

  Dallas, TX  75254-2917

  Attn:  Income Processing — G. Ruiz

  a/c:  G07097

  
	
   

  	
   

  
	
  (3)

  	
  Address
  for all other communications (i.e.: Quarterly/Annual reports, Tax filings,
  Modifications, Waivers regarding the indenture):

  
	
   

  	
   

  
	
   

  	
  4 - Investment
  Accounting

  United of Omaha
  Life Insurance Company

  Mutual of Omaha
  Plaza

  Omaha,  NE 
  68175-1011

  

 

 24
 Schedule A
 

 

	
  (4)

  	
  E-mail addresses for Electronic Delivery:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  curt.caldwell@mutualofomaha.com 

  	
   

  
	
   

  	
  troy.gerhardt@mutualofomaha.com

  	
   

  
	
   

  	
   

  
	
  (5)

  	
  Address for delivery of Notes:

  	
   

  
	
   

  	
  JPMorgan Chase
  Bank

  4 New York Plaza

  Ground Floor
  Receive Window

  NY, NY  10041

  Account # G07097

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  **It is imperative that
  the custody account be included on the delivery letter.  Without this information, the security will
  be returned to the sender.

  
	
   

  	
   

  
	
   

  	
   

  
	
  (6)

  	
  Tax ID: 47-0322111

  

 

 25
 Schedule A
 

INFORMATION
RELATING TO PURCHASERS

	
  

  	
  NAME AND ADDRESS OF
  PURCHASER

  	
  PRINCIPAL AMOUNT OF

  NOTES TO BE PURCHASED

  
	
   

  	
   

  	
   

  
	
   

  	
  Companion Life Insurance Company

  	
  $2,000,000

  
	
   

  	
   

  	
   

  
	
  (1)

  	
  All payments by wire transfer of immediately
  available funds to:

  
	
   

  	
   

  	
   

  
	
   

  	
  JPMorgan Chase
  Bank

  ABA #021000021

  Private Income
  Processing

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  For credit to:

  Companion Life
  Insurance Company

  Account #
  900-9000200

  a/c:  G07903

  Cusip/PPN:
  44565# AD3

  Interest Amount:

  Principal
  Amount:

  
	
   

  	
   

  
	
   

  	
  with sufficient
  information to identify the source and application of such funds.

  
	
   

  	
   

  
	
  (2)

  	
  Address
  for all notices in respect of payment of Principal and Interest, Corporate
  Actions, and Reorganization Notifications:

  
	
   

  	
   

  
	
   

  	
  JPMorgan Chase
  Bank

  14201 Dallas
  Parkway - 13th Floor

  Dallas, TX  75254-2917

  Attn:  Income Processing — G. Ruiz

  a/c:  G07903

  
	
   

  	
   

  
	
  (3)

  	
  Address
  for all other communications (i.e.: Quarterly/Annual reports, Tax filings,
  Modifications, Waivers regarding the indenture):

  
	
   

  	
   

  
	
   

  	
  4 - Investment
  Accounting

  United of Omaha
  Life Insurance Company

  Mutual of Omaha
  Plaza

  Omaha,  NE 
  68175-1011

  

 

 26
 Schedule A
 

 

	
  (4)

  	
  E-mail addresses for Electronic Delivery:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  curt.caldwell@mutualofomaha.com
  

  	
   

  
	
   

  	
  troy.gerhardt@mutualofomaha.com

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (5)

  	
  Address for
  delivery of Notes:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  JPMorgan Chase
  Bank

  4 New York Plaza

  Ground Floor
  Receive Window

  NY, NY  10041

  Account # G07903

  
	
   

  	
   

  
	
   

  	
  **It is imperative that the custody account be
  included on the delivery letter. 
  Without this information, the security will be returned to the sender.

  
	
   

  	
   

  
	
   

  	
   

  
	
  (6)

  	
  Tax ID: 13-1595128

  
	
   

  	
   

  

 

 27
 Schedule A
 

INFORMATION RELATING TO PURCHASERS

	
  

  	
  NAME AND ADDRESS OF
  PURCHASER

  	
  PRINCIPAL AMOUNT OF

  NOTES TO BE PURCHASED

  
	
   

  	
   

  	
   

  
	
   

  	
  State Farm  Life
  Insurance Company

  	
  $19,000,000

  
	
   

  	
   

  	
   

  
	
  (1)

  	
  All payments by wire transfer of immediately
  available funds to:

  
	
   

  	
   

  	
   

  
	
   

  	
  JPMorganChase

  ABA#

  Attn:

  A/C#

  For further
  credit to:

  	
   

  021000021

  SSG Private Income Processing

  900 9 000200

  State Farm Life Insurance Company

  Custody Account # G06893

  	
   

  
	
   

  	
  RE:

  	
  PPN #: <to come> Rate: 5.31% Maturity Date:
  3/29/11

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  with sufficient information to identify the source
  and application of such funds.

  
	
   

  	
   

  
	
  (2)

  	
  Send notices, financial statements, officer’s
  certificates and other correspondence to:

  
	
   

  	
   

  
	
   

  	
  State Farm Life
  Insurance Company

  Investment Dept.
  E-8

  One State Farm
  Plaza

  Bloomington,
  IL   61710

  
	
   

  	
   

  
	
   

  	
  If by E-Mail:  privateplacements@statefarm.com

  	
   

  
	
   

  	
   

  	
   

  
	
  (3)

  	
  Send written confirmations of such wire transfers
  to:

  
	
   

  	
   

  
	
   

  	
  State Farm Life
  Insurance Company

  Investment
  Accounting Dept. D-3

  One State Farm
  Plaza

  Bloomington,
  IL   61710

  
	
   

  	
   

  
	
  (4)

  	
  Send the original security (via registered mail) to:

  
	
   

  	
   

  
	
   

  	
  JPMorganChase

  4 New York Plaza

  Ground Floor
  Receive Window

  New York, NY
  10041

  Account: G06893

  

 

 28
 Schedule A
 

 

	
  (5)

  	
  Send an additional copy of the original security
  plus an original set of closing documents and two conformed copies of the
  Note Purchase Agreement to:

  
	
   

  	
   

  	
   

  
	
   

  	
  State Farm
  Insurance Companies

  One State Farm
  Plaza

  Bloomington,
  Illinois 61710

  Attn: Investment
  Legal E-3

           Larry
  Rottunda, Investment Counsel

  	
   

  
	
   

  	
   

  	
   

  
	
  (6)

  	
  Tax ID:  37-0533090

  

 

 

 29
 Schedule A
 

INFORMATION RELATING TO PURCHASERS

	
  

  	
  NAME AND ADDRESS OF
  PURCHASER

  	
  PRINCIPAL AMOUNT OF

  NOTES TO BE PURCHASED

  
	
   

  	
   

  	
   

  
	
   

  	
  State Farm  Life
  and Accident Insurance Company

  	
  $1,000,000

  
	
   

  	
   

  	
   

  
	
  (1)

  	
  All payments by wire transfer of immediately
  available funds to:

  
	
   

  	
   

  	
   

  
	
   

  	
  JPMorganChase

  ABA#

  Attn:

  A/C#

  For further
  credit to:

  	
   

  021000021

  SSG Private Income Processing

  900 9 000200

  State Farm Life Insurance Company

  Custody Account # G06895

  	
   

  
	
   

  	
  RE:

  	
  PPN #: <to come> Rate: 5.31% Maturity Date:
  3/29/11

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  with sufficient information to identify the source
  and application of such funds.

  
	
   

  	
   

  
	
  (2)

  	
  Send notices, financial statements, officer’s
  certificates and other correspondence to:

  
	
   

  	
   

  
	
   

  	
  State Farm Life
  Insurance Company

  Investment Dept.
  E-8

  One State Farm
  Plaza

  Bloomington,
  IL   61710

  
	
   

  	
   

  
	
   

  	
  If by E-Mail:  privateplacements@statefarm.com

  	
   

  
	
   

  	
   

  	
   

  
	
  (3)

  	
  Send written confirmations of such wire transfers
  to:

  
	
   

  	
   

  
	
   

  	
  State Farm Life
  Insurance Company

  Investment
  Accounting Dept. D-3

  One State Farm
  Plaza

  Bloomington, IL   61710

  
	
   

  	
   

  
	
  (4)

  	
  Send the original security (via registered mail) to:

  
	
   

  	
   

  
	
   

  	
  JPMorganChase

  4 New York Plaza

  Ground Floor
  Receive Window

  New York, NY
  10041

  Account: G06893

  

 

 30
 Schedule A
 

 

	
  (5)

  	
  Send an additional copy of the original security plus
  an original set of closing documents and two conformed copies of the Note
  Purchase Agreement to:

  
	
   

  	
   

  	
   

  
	
   

  	
  State Farm
  Insurance Companies

  One State Farm
  Plaza

  Bloomington,
  Illinois 61710

  Attn: Investment
  Legal E-3

           Larry
  Rottunda, Investment Counsel

  	
   

  
	
   

  	
   

  	
   

  
	
  (6)

  	
  Tax ID:  37-0805091

  

 

 31
 Schedule A

INFORMATION RELATING TO PURCHASERS

	
  

  	
  NAME AND ADDRESS OF
  PURCHASER

  	
  PRINCIPAL AMOUNT OF

  NOTES TO BE PURCHASED

  
	
   

  	
   

  	
   

  
	
   

  	
  Bankers Life and Casualty Company

  	
  $6,000,000

  
	
   

  	
   

  	
   

  
	
   

  	
  REGISTER NOTES IN NAME OF: HARE & CO.

  	
   

  
	
   

  	
   

  	
   

  
	
  (1)

  	
  All payments by wire transfer of immediately
  available funds to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  The Bank of New York 

  ABA # 021000018 

  BNF: IOC566 

  Attn: P&I Department (Purisima Teylan) 

  Ref: Bankers Life and Casualty Co., A/C# 0000014814,
  CUSIP

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  with sufficient information to identify the source
  and application of such funds.

  
	
   

  	
   

  
	
  (2)

  	
  Original notes and one copy of closing documents
  should be sent to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  John K. Nasser, FLMI 

  Senior Manager, Investment Operations 

  40|86 Advisors, Inc. 

  535 N. College Drive 

  Carmel, IN 46032 

  Tel: (317) 817-6069/ Fax: x 2589 

  john.nasser@4086.com

  	
   

  
	
   

  	
   

  	
   

  
	
  (3)

  	
  Tax ID: 36-0770740

  	
   

  

 

 32
 Schedule A
 

INFORMATION
RELATING TO PURCHASERS

	
  

  	
  NAME AND ADDRESS OF
  PURCHASER

  	
  PRINCIPAL AMOUNT OF

  NOTES TO BE PURCHASED

  
	
   

  	
   

  	
   

  
	
   

  	
  Conseco Life Insurance Company

  	
  $2,000,000

  
	
   

  	
   

  	
   

  
	
   

  	
  REGISTER NOTES IN NAME OF: HARE & CO.

  	
   

  
	
   

  	
   

  	
   

  
	
  (1)

  	
  All payments by wire transfer of immediately
  available funds to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  The Bank of New York 

  ABA # 021000018 

  BNF: IOC566 

  Attn: P&I Department (Purisima Teylan) 

  Ref: Conseco Life Insurance Co., A/C# 00000232471,
  CUSIP

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  with sufficient information to identify the source
  and application of such funds.

  
	
   

  	
   

  
	
  (2)

  	
  Original notes and one copy of closing documents
  should be sent to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  John K. Nasser, FLMI 

  Senior Manager, Investment Operations 

  40|86 Advisors, Inc. 

  535 N. College Drive 

  Carmel, IN 46032 

  Tel: (317) 817-6069/ Fax: x 2589 

  john.nasser@4086.com

  	
   

  
	
   

  	
   

  	
   

  
	
  (3)

  	
  Tax ID: 04-2299444

  	
   

  

 

 33
 Schedule A
 

INFORMATION
RELATING TO PURCHASERS

	
  

  	
  NAME AND ADDRESS OF
  PURCHASER

  	
  PRINCIPAL AMOUNT OF

  NOTES TO BE PURCHASED

  
	
   

  	
   

  	
   

  
	
   

  	
  Washington National Insurance Company

  	
  $2,000,000

  
	
   

  	
   

  	
   

  
	
   

  	
  REGISTER NOTES IN NAME OF: HARE & CO.

  	
   

  
	
   

  	
   

  	
   

  
	
  (1)

  	
  All payments by wire transfer of immediately
  available funds to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  The Bank of New York 

  ABA # 021000018 

  BNF: IOC566 

  Attn: P&I Department (Purisima Teylan) 

  Ref: Washington National Life Insurance Co., A/C#
  0000379363, CUSIP

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  with sufficient information to identify the source
  and application of such funds.

  
	
   

  	
   

  
	
  (2)

  	
  Original notes and 1 copy of closing documents should
  be sent to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  John K. Nasser, FLMI 

  Senior Manager, Investment Operations 

  40|86 Advisors, Inc. 

  535 N. College Drive 

  Carmel, IN 46032 

  Tel: (317) 817-6069/ Fax: x 2589 

  john.nasser@4086.com

  	
   

  
	
   

  	
   

  	
   

  
	
  (3)

  	
  Tax ID: 36-1933760

  	
   

  

 

 34
 Schedule A
 

INFORMATION
RELATING TO PURCHASERS

	
  

  	
  NAME AND ADDRESS OF
  PURCHASER

  	
  PRINCIPAL AMOUNT OF

  NOTES TO BE PURCHASED

  
	
   

  	
   

  	
  $5,000,000

  
	
   

  	
  Hartford Life Insurance Company

  	
  $5,000,000

  
	
   

  	
   

  	
   

  
	
  (1)

  	
  All payments by wire transfer of immediately
  available funds to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  JP Morgan Chase

  4 New York Plaza

  New York, New York
  10004

  Bank ABA No. 021000021

  Chase NYC/Cust

  A/C # 900-9-000200 for
  F/C/T G06641-CRC

  Attn: Bond
  Interest/Principal — J.B. Hunt Transport Services, Inc.

  5.31% Senior Notes due
  March 29, 2011

  PPN:                
  Prin:              
  Int:                       

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  with sufficient information to identify the source
  and application of such funds.

  
	
   

  	
   

  
	
  (2)

  	
  All notices of payments and written confirmations of
  such wire transfers:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Hartford Investment
  Management Company

  c/o Portfolio Support

  Regular
  Mailing Address

  P.O. Box 1744

  Hartford, CT  06144-1744

  Overnight
  Mailing Address

  55 Farmington Avenue

  Hartford, Connecticut
  06105

  Telefacsimile: (860)
  297-8875/8876

  	
   

  

 

 35
 Schedule A
 

 

	
  (3)

  	
  All other communications::

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Hartford Investment
  Management Company

  c/o Investment
  Department — Private Placements

  Regular
  Mailing Address

  P.O. Box 1744

  Hartford, CT  06144-1744

  Overnight
  Mailing Address

  55 Farmington Avenue

  Hartford, Connecticut
  06105

  Telefacsimile: (860)
  297-8884

  	
   

  
	
   

  	
   

  	
   

  
	
  (4)

  	
  E-mail address for Electronic Delivery:

  
	
   

  	
   

  
	
   

  	
  mpoznar@himco.com

  
	
   

  	
   

  
	
  (5)

  	
  All notices of payments and written confirmations of
  such wire transfers:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Address for
  delivery of Notes:

  JP Morgan Chase

  4 New York Plaza

  New York, New York
  10004

  Attn: John Bouquet

       Phy/Rec
  — 11th Floor

  Phone: 212-623-2840

   

  Custody Account Number:
  G06641-CRC must appear on outside of envelope

  	
   

  
	
   

  	
   

  	
   

  
	
  (6)

  	
  Tax ID:
  06-0974148

  	
   

  

 

 36
 Schedule A
 

INFORMATION
RELATING TO PURCHASERS

	
  

  	
  NAME AND ADDRESS OF
  PURCHASER

  	
  PRINCIPAL AMOUNT OF

  NOTES TO BE PURCHASED

  
	
   

  	
   

  	
   

  
	
   

  	
  The State Life Insurance Company 

  	
  $5,000,000

  
	
   

  	
   

  	
   

  
	
  (1)

  	
  All payments by
  wire transfer of immediately available funds to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Bank Name:

  ABA Routing 

  Credit Account No.:#:

  Account Name:

  FFC Custody #:

  Custody Name:

  Ref:

  	
  Bank of New York

  021000018

  GLA111566

  Institutional Custody Insurance Division

  343761

  The State Life Insurance Co.

  44565# AD3

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Payments should contain sufficient information to
  identify the breakdown of principal and interest and should identify the full
  description of the bond and the payment date

  
	
   

  	
   

  	
   

  
	
  (2)

  	
  All post-closing notices and communications:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  American United Life
  Insurance Company

  Attn: Mike Bullock,
  Securities Dept.

  One American Square

  Post Office Box 368

  Indianapolis, IN 46206

  	
   

  
	
   

  	
   

  	
   

  
	
  (3)

  	
  Original notes delivered to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Bank of New York

  Attn: Arnold Musella,
  free receive

  Trust Securities

  One Wall Street, 3rd Floor

  Window A

  The State Life
  Insurance Company. c/o American United Life Insurance Company, #343761

  New York, NY 10286

  	
   

  
	
   

  	
   

  	
   

  
	
  (4)

  	
  E-mail address for Electronic Delivery:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Tonya.Snyder@oneamerica.com

  	
   

  
	
   

  	
   

  	
   

  
	
  (5)

  	
  Tax ID: 35-0684263

  	
   

  
				

 

 37
 Schedule A
 

INFORMATION
RELATING TO PURCHASERS

	
  

  	
  NAME AND ADDRESS OF
  PURCHASER

  	
  PRINCIPAL AMOUNT OF

  NOTES TO BE PURCHASED

  
	
   

  	
   

  	
   

  
	
   

  	
  American United Life Insurance Company

  	
  $5,000,000

  
	
   

  	
   

  	
   

  
	
  (1)

  	
  All payments by
  wire transfer of immediately available funds to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Bank Name:

  ABA Routing 

  Credit Account No.:#:

  Account Name:

  FFC Custody #:

  Custody Name:

  Ref:

  	
  Bank of New York

  021000018

  GLA111566

  Institutional Custody Insurance Division

  186683

  The State Life Insurance Co.

  44565# AD3

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Payments should contain sufficient information to
  identify the breakdown of principal and interest and should identify the full
  description of the bond and the payment date

  
	
   

  	
   

  	
   

  
	
  (2)

  	
  All post-closing notices and communications:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  American United Life
  Insurance Company

  Attn: Mike Bullock,
  Securities Dept.

  One American Square

  Post Office Box 368

  Indianapolis, IN 46206

  	
   

  
	
   

  	
   

  	
   

  
	
  (3)

  	
  Original notes delivered to:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Bank of New York

  Attn: Arnold Musella,
  free receive

  Trust Securities

  One Wall Street, 3rd Floor

  Window A

  American United Life
  Insurance Company, #186683

  New York, NY 10286

  	
   

  
	
   

  	
   

  	
   

  
	
  (4)

  	
  E-mail address for Electronic Delivery:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Tonya.Snyder@oneamerica.com

  	
   

  
	
   

  	
   

  	
   

  
	
  (5)

  	
  Tax ID: 35-0145825

  	
   

  
				

 

 38
 Schedule A

SCHEDULE B

DEFINED TERMS

As used herein, the following terms have the
respective meanings set forth below or set forth in the Section hereof
following such term:

“Adjusted Debt” means the
Indebtedness of the Parent and its Subsidiaries.

“Affiliate” means, at any time,
and with respect to any Person, (a) any other Person that at such time directly
or indirectly through one or more intermediaries Controls, or is Controlled by,
or is under common Control with, such first Person, or (b) in the case of the
Parent or any Subsidiary, any Person who is a director or officer of such
Person or of any Person described in the foregoing clause (a).  As used in this definition, “Control” means
(i) the power, direct or indirect, (A) to vote fifty percent (50%) or more of the
securities having ordinary voting power for the election of directors of such
Person or (B) to direct or cause the direction of the management and policies
of a Person, whether through the ownership of voting securities, by contract or
otherwise, or (ii) the ownership, direct or indirect, of ten percent (10%) or
more of any class of Voting Stock of such Person (if such class of Voting Stock
is publicly held).  Unless the context
otherwise clearly requires, any reference to an “Affiliate” is a reference to
an Affiliate of the Parent.

“Anti-Terrorism Order” means
Executive Order 13224 of September 23, 2001, Blocking Property and
Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or
Support Terrorism (66 Fed. Reg. 49079 (2001)).

“Business Day” means any day
other than a Saturday, a Sunday or a day on which commercial banks in New York
City are required or authorized to be closed.

“Capital Lease” means, with
respect to any Person, any lease of (or other agreement conveying the right to
use) any real or personal property by such Person that shall have been or
should be recorded as a capitalized lease in accordance with GAAP.

“Cash Flow” means, for any
period, an amount equal to the sum of the following for such period: (a) Net
Income of the Parent and its Subsidiaries plus (b) Interest Expense plus (c)
taxes on income of the Parent and its Subsidiaries plus (d) depreciation and
amortization expense of the Parent and its Subsidiaries plus (e) Rentals.

“Cash Flow Available for Fixed Charges”
means, for any period, an amount equal to the sum of the following for such
period: (a) Net Income of the Parent and its Subsidiaries plus (b) Interest
Expense plus (c) taxes on income of the Parent and its Subsidiaries plus (d)
Rentals.

“Change of Control” means an event or
series of events by which any person or “group” (within the meaning of Sections
13(d) and 14(d)(2) of the Exchange Act) (such person or persons hereinafter
referred to as an “Acquiring Person”) becomes the “beneficial owner” (as
defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of more
than 50% of the voting power of the then outstanding Voting Stock of the Parent; provided that,
notwithstanding 

  
 Schedule B
 

the
foregoing, a “Change in Control” shall not be deemed to have occurred if the
Parent (or the Acquiring Person if either (x) the Parent is no longer in
existence or (y) the Acquiring Person has acquired all or substantially all of
the assets thereof) shall have an Investment Grade Rating immediately following
such Acquiring Person becoming the “beneficial owner” or consummating such
acquisition.

“Closing” is defined in Section
3.

“Code” means the Internal
Revenue Code of 1986, as amended from time to time, and the rules and
regulations promulgated thereunder from time to time.

“Company” means J.B. Hunt
Transport, Inc., a Georgia corporation.

“Confidential Information” is
defined in Section 20.

“Consolidated Net Worth” means,
as of any date, the sum of capital stock, additional paid-in capital and
retained earnings (minus accumulated deficits) of the Parent and its
Subsidiaries, determined on a consolidated basis in accordance with GAAP.

“Consolidated Total Assets” means,
as of any date, the assets and properties of the Parent and its Subsidiaries as
of such date, determined on a consolidated basis in accordance with GAAP.

“Control Event” means:

(a)           the execution by the Parent or any of
its Subsidiaries or Affiliates of any agreement with respect to any proposed
transaction or event or series of transactions or events that, individually or
in the aggregate, may reasonably be expected to result in a Change of Control,
or

(b)           the execution of any written
agreement that, when fully performed by the parties thereto, would result in a
Change of Control.

“Credit Agreement” means the Credit Agreement dated as of March
29, 2007 among the Parent, the
various commercial banking institutions from time to time parties thereto,
Suntrust Bank, LaSalle Bank, N.A., Deutsche Bank AG New York Branch and The
Bank of Tokyo-Mitsubishi, Ltd., as Co-Syndication Agents, and Bank of America,
N.A., as Administrative Agent, as such agreement hereafter may be amended,
restated, supplemented, modified, refinanced, extended or replaced.

“Default” means an event or
condition the occurrence or existence of which would, with the lapse of time or
the giving of notice or both, become an Event of Default.

“Default Rate” means that rate
of interest that is the greater of (i) 2% per annum above the rate of
interest stated in clause (a) of the first paragraph of the Notes or
(ii) 2% over the rate of interest publicly announced by JPMorgan Chase
Bank, N.A. as its “base” or “prime” rate.

 2
 Schedule B
 

“Disclosure Documents” is
defined in Section 5.3.

“Disposition” is defined in
Section 10.7.

“Environmental Laws” means any
and all Federal, state, local, and foreign statutes, laws, regulations,
ordinances, rules, judgments, orders, decrees, permits, concessions, grants,
franchises, licenses, agreements or governmental restrictions relating to
pollution and the protection of the environment or the release of any materials
into the environment, including those related to Hazardous Materials.

“ERISA” means the Employee
Retirement Income Security Act of 1974, as amended from time to time, and the
rules and regulations promulgated thereunder from time to time in effect.

“ERISA Affiliate” means any
trade or business (whether or not incorporated) that is treated as a single
employer together with the Parent under section 414 of the Code.

“Event of Default” is defined in
Section 11.

“Exchange Act” means the
Securities Exchange Act of 1934, as amended.

“Fiscal Quarter” means each
fiscal quarter of the Parent and its Subsidiaries.

“Fiscal Year” means each fiscal
quarter of the Parent and its Subsidiaries.

“Fixed Charges” means, for any
period, an amount equal to the sum of Interest Expense and Rentals for the
Parent and its Subsidiaries.

“Form 10-K” is defined in
Section 7.1(b).

“Form 10-Q” is defined in
Section 7.1(a).

“GAAP” means generally accepted
accounting principles as in effect from time to time in the United States of
America.

“Governmental Authority” means

(a)           the government of

(i)            the United States of America or any
state or other political subdivision thereof, or

(ii)           any jurisdiction in which the Parent
or any Subsidiary conducts all or any part of its business, or which asserts
jurisdiction over any properties of the Parent or any Subsidiary, or

 3
 Schedule B
 

(b)           any
entity exercising executive, legislative, judicial, regulatory or
administrative functions of, or pertaining to, any such government.

“Guaranty” of a
Person means any guaranty, assumption, endorsement, or contingent agreement to
purchase or provide funds for the payment of, or otherwise become liable upon,
the obligation of any other Person, or any agreement to maintain the net worth
or working capital or other financial condition of any other Person or any
other assurance to any creditor of any Person against loss, including any
comfort letter, operating agreement, take-or-pay contract, or the contingent
liability of such Person in connection with any application for a letter of
credit, excepting from the foregoing contingent liabilities the amount of such
Person’s obligations with respect to bonds, deposits, standby letters of credit
or other evidences of contingent obligations given to governmental entities in
compliance with local and state requirements that have not been drawn or called
upon.

“Hazardous Material” means any
and all pollutants, toxic or hazardous wastes or other substances that might
pose a hazard to health and safety, the removal of which may be required or the
generation, manufacture, refining, production, processing, treatment, storage,
handling, transportation, transfer, use, disposal, release, discharge,
spillage, seepage or filtration of which is or shall be restricted, prohibited
or penalized by any applicable law including, but not limited to, asbestos,
urea formaldehyde foam insulation, polychlorinated biphenyls, petroleum,
petroleum products, lead based paint, radon gas or similar restricted,
prohibited or penalized substances.

“holder” means, with respect to
any Note, the Person in whose name such Note is registered in the register
maintained by the Company pursuant to Section 13.1.

“INHAM Exemption” is defined in
Section 6.2(e).

“Indebtedness” with respect to
any Person means, at any time, without duplication,

(a)           all indebtedness for borrowed money
of such Person or for the deferred purchase price of property acquired by, or
for services rendered to (other than trade payables), such Person;

(b)           all indebtedness of such Person
created or arising under any conditional sale or other title retention
agreement with respect to any property acquired by such Person;

(c)           the present value determined in
accordance with GAAP of all obligations of such Person under Capital Leases;

(d)           all indebtedness for borrowed money
or for the deferred purchase price of property or services secured by any Lien
upon or in any property owned by such Person whether or not such Person has
assumed or become liable for the payment of such indebtedness for borrowed
money;

 4
 Schedule B
 

(e)           any
asserted withdrawal liability of such Person or a commonly controlled entity to
a Multiemployer Plan;

(f)            all amounts of indebtedness which
(x) represent recourse liabilities of such Person with respect to Securitized
Receivables Transactions and which, (y) in accordance with GAAP, would be
included on a balance sheet of such Person in respect of any Securitized
Receivables Transactions if such facility were characterized as Indebtedness
secured by Receivables rather than as a sale of assets;

(g)           all Guaranties by such Person; and

(h)           the present value of the minimum
aggregate operating lease payments, determined on a consolidated basis in
accordance with GAAP, payable by such Person pursuant to Long-Term Leases,
discounted at 8%.

“Institutional Investor” means
(a) any original purchaser of a Note, (b) any holder of $5,000,000 or
more in aggregate principal amount of the Notes and (c) any bank, trust
company, savings and loan association or other financial institution, any
pension plan, any investment company, any insurance company, any broker or
dealer, or any other similar financial institution or entity, regardless of
legal form.

“Interest Expense” means,
without duplication, for any period, the sum of (a) aggregate interest expense
of the Parent and its Subsidiaries for such period, as determined in accordance
with GAAP and in any event including, without duplication, all commissions,
discounts and other fees and charges owed with respect to letters of credit and
banker’s acceptances and net costs under interest rate protection agreements
and the portion of any obligation under Capital Leases allocable to interest
expense; plus (b) aggregate interest expense of the Parent and its Subsidiaries
capitalized during such period; plus (c) Receivables Charges of the Parent and
its Subsidiaries for such period under any Securitized Receivables Transaction.

“Investment Grade Rating”
in respect of any Person means, at the time of determination, at least two of
the following ratings of its senior, unsecured long-term indebtedness for
borrowed money: (i) by Standard & Poor’s Rating Services, a division of The
McGraw-Hill Companies, or any successor thereof (“S&P”), “BBB-” or better,
(ii) by Moody’s Investors Service, Inc., or any successor thereof (“Moody’s”), “Baa3”
or better, or (iii) by another rating agency of recognized national standing,
an equivalent or better rating.

“Lien” as applied to the
property of any Person means (a) any mortgage, pledge, lien, security interest,
charge, encumbrance, or preference, priority or other security interest of any
kind or nature whatsoever, including the retained security title of a
conditional vendor or lessor, including Capital Leases and the interest of a
purchaser of accounts receivable; and (b) any arrangement, express or implied,
under which any property of such Person is transferred, sequestered or
otherwise identified for the purpose of subjecting the same to the payment of
Indebtedness or performance of any other obligation in priority to the payment
of the general, unsecured creditors of such Person.

 5
 Schedule B
 

“Long-Term Lease” means any
lease (other than any Capital Lease) of real property or Revenue-Generating
Equipment having an original term (including any required renewals or any
renewals at the option of lessor) of one year or more.

“Make-Whole Amount” is defined
in Section 8.7.

“Material” means material in
relation to the business, operations, affairs, financial condition, assets or
properties of the Parent and its Subsidiaries taken as a whole.

“Material Adverse Effect” means
a material adverse effect on (a) the business, operations, financial condition,
assets or properties of the Parent and its Subsidiaries taken as a whole, (b)
the ability of the Company to perform its obligations under this Agreement or
the Notes, (c) the ability of any Subsidiary to perform its obligations under
the Subsidiary Guaranty if it is a party thereto, (d) the ability of the Parent
to perform its obligations under this Agreement or the Parent Guaranty, or (e)
the validity or enforceability of this Agreement, the Notes, the Parent
Guaranty or the Subsidiary Guaranty.

“Memorandum” is defined in
Section 5.3.

“Multiemployer Plan” means any
Plan that is a “multiemployer plan” (as such term is defined in section
4001(a)(3) of ERISA).

“NAIC” means the National
Association of Insurance Commissioners or any successor thereto.

“NAIC Annual Statement” is
defined in Section 6.2(a).

“Net Income” means, for any
period, (a) the gross revenues of the Parent and its Subsidiaries for such period;
reduced by (b) the sum (without duplication) of the following items for such
period (to the extent, except in the case of clause (i), included in such gross
revenues):

(i)            operating and non-operating expenses
of the Parent and its Subsidiaries according to GAAP (including current and
deferred taxes on income, provision for taxes on unremitted foreign earnings
included in such gross revenues and current additions to reserves but excluding
the lower of cost or market inventory write-downs and write-ups of current
assets);

(ii)           all material gains (net of expense
and taxes applicable thereto) arising from the sale, conversion or other
disposition of capital assets (i.e., assets other than current assets), other
than gains or losses arising from sales in the ordinary course of business of
revenue equipment;

(iii)          all gains arising from the write-up of
assets (other than the write-up of current assets as a result of the lower of
cost or market adjustments to inventory);

(iv)          all gains arising from the reacquisition
of Indebtedness;

 6
 Schedule B
 

(v)           all equity of the Parent or any
Subsidiary in the unremitted earnings of any Person in which the Parent has a
minority interest;

(vi)          all earnings of each Person acquired
by the Parent or any Subsidiary through purchase of substantially all assets,
merger, consolidation or otherwise for any period prior to the date of
acquisition;

(vii)         all deferred credits representing the
excess of equity in any Subsidiary at the date of acquisition thereof over the
cost of the investment in such Subsidiary;

(viii)        any portion of net earnings of any
Subsidiary which for any reason is unavailable for the payment of dividends to
the Parent or any other Subsidiary; and

(ix)           the aggregate amount of dividends
paid by all Subsidiaries to the Parent or to any Subsidiary during such period.

“Notes” is defined in Section
1.1.

“Officer’s Certificate” means a
certificate of a Senior Financial Officer or of any other officer of the Parent
whose responsibilities extend to the subject matter of such certificate.

“Other Purchasers” is defined in
Section 2.

“Parent” means J.B. Hunt
Transport Services, Inc., an Arkansas corporation.

“Parent Guaranty” is defined in
Section 1.2.

“PBGC” means the Pension Benefit
Guaranty Corporation referred to and defined in ERISA or any successor thereto.

“Permitted Securitized Receivables Transaction” means
any Securitized Receivables Transaction to the extent that the aggregate
investment or claims held at any time by all purchasers, assignees, transferees
or (or of interests in) receivables and other rights to payment in all
Securitized Receivables Transactions would at any time not exceed $300,000,000.

“Person” means an individual or
a corporation, partnership, trust, incorporated or unincorporated association,
joint venture, joint stock company, limited liability company, government (or
an agency or political subdivision thereof) or other entity of any kind.

“Plan” means an “employee
benefit plan” (as defined in section 3(3) of ERISA) that is or, within the
preceding five years, has been established or maintained, or to which
contributions are or, within the preceding five years, have been made or
required to be made, by the Parent or any ERISA Affiliate or with respect to
which the Parent or any ERISA Affiliate may have any liability.

“Priority Debt” means, as of any
date, the sum (without duplication) of (a) Indebtedness of the Parent
secured by Liens not otherwise permitted by Sections 10.4(a) 

 7
 Schedule B
 

through (h) and (b) Indebtedness of Subsidiaries
other than the Company not otherwise permitted by Sections 10.5(a) through (e).

“property” or “properties” means, unless otherwise specifically limited,
real or personal property of any kind, tangible or intangible, choate or
inchoate.

“Proposed Prepayment Date” is
defined in Section 8.3(c).

“PTE” is defined in Section
6.2(a).

“Purchaser” means each purchaser
listed in Schedule A.

“QPAM Exemption” is defined in
Section 6.2(d).

“Qualified Institutional Buyer” means
any Person that is a “qualified institutional buyer” within the meaning of such
term as set forth in Rule 144A(a)(1) under the Securities Act.

“Receivable” of any Person
means, as at any date of determination thereof, the unpaid principal portion of
the obligation of any customer of such Person to pay money to such Person in
respect of any services performed by such Person or inventory purchased from
such Person, net of all credits, rebates and offsets owed to such customer by
such Person and also net of all commissions payable by such Person to third
parties (and for purposes hereof, a credit or rebate paid by check or draft of
such Person shall be deemed to be outstanding until such check or draft shall
have been debited to the respective account of such Person on which such check
or draft was drawn).

“Receivables Charge” means any
charges, fees, interest expense, discounts, or similar items incurred by the
Parent or its Subsidiaries in connection with the sale, transfer, or assignment
by such Person of Receivables of such Person.

“Rentals” means the aggregate
fixed amounts payable by the Parent and its Subsidiaries under any lease of
real property or Revenue-Generating Equipment having an original term
(including any required renewals or any renewals at the option of lessor) of
one year or more but does not include any amounts payable under any Capital
Lease of property by the Parent or its Subsidiaries, as lessee.

“Revenue-Generating Equipment”
means tractors, trailers, containers or chassis.

“Required Holders” means, at any
time, the holders of at least 51% in principal amount of the Notes at the time
outstanding (exclusive of Notes then owned by the Parent or any of its
Affiliates).

“Responsible Officer” means any
Senior Financial Officer and any other officer of the Parent with
responsibility for the administration of the relevant portion of this
Agreement.

 8
 Schedule B
 

“SEC” shall mean the Securities
and Exchange Commission of the United States, or any successor thereto.

“Securities Act” means the
Securities Act of 1933, as amended from time to time.

“Securitized Receivables Transaction”
means a sale, transfer, conveyance, lease, or assignment by the Parent and its
Subsidiaries to a Special Purpose Subsidiary of Receivables of the Parent or
its Subsidiaries in connection with any one or more transactions involving the
securitization of such Receivables.

“Senior Financial Officer” means
the chief financial officer, principal accounting officer, treasurer or
controller of the Parent.

“Source” is defined in Section
6.2.

“Subsidiary” means any
corporation, partnership, association, limited liability company, or other
business entity of which 50% or more of the Voting Stock or other equity
interests, as appropriate, is at the time directly or indirectly owned by the
Parent and one or more other Subsidiaries, or by one or more other
Subsidiaries.

“Special Purpose Subsidiary”
means any special purpose entity that is a Subsidiary and that is established
for the purpose of purchasing Receivables and financing such Receivables in a
Securitized Receivables Transaction.

“Subsidiary Guarantor” means any
Subsidiary that hereafter becomes a party to the Subsidiary Guaranty.

“Subsidiary Guaranty” is defined
in Section 9.7.

“SVO” means the Securities
Valuation Office of the NAIC or any successor to such Office.

“this Agreement” or “the Agreement” is defined in Section 17.3.

“USA Patriot Act” means United
States Public Law 107-56, Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT
ACT) Act of 2001, as amended from time to time, and the rules and regulations
promulgated thereunder from time to time in effect.

“Voting Stock” means, with
respect to any Person, any class of shares of stock or other equity interests
of such Person having general voting power under ordinary circumstances to
elect a majority of the board of directors or other managing entities, as
appropriate, of such Person (irrespective of whether or not at the time stock
of any other class or classes or other equity interests of such Person shall
have or might have voting power by reason of the happening of any contingency).

 9
 Schedule B
 

“Wholly Owned Subsidiary” means,
at any time, any Subsidiary 100% of all of the Voting Stock (except directors’
qualifying shares and other minority shares held solely to satisfy organization
requirements of the applicable jurisdiction) and voting interests of which are
owned by any one or more of the Parent and its Wholly Owned Subsidiaries at
such time.

 10
 Schedule B

SCHEDULE 5.3

DISCLOSURE

None.

 Schedule 5.3

SCHEDULE 5.4

ORGANIZATION AND
OWNERSHIP OF SHARES OF SUBSIDIARIES; AFFILIATES

 

	
  J.B. Hunt Transport Services, Inc., an Arkansas
  corporation

  
	
   

  	
  Board of Directors

  
	
   

  	
  Wayne Garrison

  	
  Chairman

  
	
   

  	
  Gary C. George

  	
   

  
	
   

  	
  J. Bryan Hunt, Jr.

  	
   

  
	
   

  	
  Johnelle Hunt

  	
  Corporate Secretary

  
	
   

  	
  Coleman H. Peterson

  	
   

  
	
   

  	
  James L. Robo

  	
   

  
	
   

  	
  Kirk Thompson

  	
  President & Chief Executive Officer

  
	
   

  	
  Leland Tollett

  	
   

  
	
   

  	
  John A. White

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Senior Officers

  
	
   

  	
  Paul R. Bergant

  	
  Executive Vice President, Marketing,

  
	
   

  	
   

  	
  Chief Marketing Officer and President

  
	
   

  	
   

  	
  of Intermodal

  
	
   

  	
  David N. Chelette

  	
  Vice President and Treasurer

  
	
   

  	
  Donald G. Cope

  	
  Senior Vice President, Finance,

  
	
   

  	
   

  	
  Controller, and Chief Accounting Officer

  
	
   

  	
  Craig Harper

  	
  Executive Vice President, Operations

  
	
   

  	
   

  	
  and Chief Operations Officer

  
	
   

  	
  Terrence D. Matthews

  	
  Senior Vice President, Marketing

  
	
   

  	
  David G. Mee

  	
  Senior Vice President, Tax and Risk

  
	
   

  	
   

  	
  Management

  
	
   

  	
  Kay J. Palmer

  	
  Executive Vice President and Chief

  
	
   

  	
   

  	
  Information Officer

  
	
   

  	
  Bob D. Ralston

  	
  Executive Vice President, Equipment

  
	
   

  	
   

  	
  and Properties

  
	
   

  	
  John N. Roberts, III

  	
  Executive Vice President and President,

  
	
   

  	
   

  	
  Dedicated Contract Services

  
	
   

  	
  Kirk Thompson

  	
  President and Chief Executive Officer

  
	
   

  	
  Jerry W. Walton

  	
  Executive Vice President, Finance and

  
	
   

  	
  Administration and Chief Financial Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  J.B. Hunt Transport, Inc., a Georgia corporation

  
	
   

  	
  99.9% owned by J.B. Hunt Transport Services, Inc.

  
	
   

  
	
  J.B. Hunt Corp. a Delaware corporation

  
	
   

  	
  100% owned by J.B. Hunt Transport Services, Inc.

  
										

 

 Schedule 5.4
 

 

	
  J.B. Hunt Logistics, Inc., an Arkansas
  corporation

  
	
   

  	
  100% owned by LA, Inc.

  
	
   

  
	
  L.A., Inc. an Arkansas corporation

  
	
   

  	
  100% owned by J.B. Hunt Transport Services, Inc.

  
	
   

  
	
   FIS, Inc., a
  Nevada corporation

  
	
   

  	
  100% owned by J.B. Hunt Transport Services, Inc.

  
	
   

  
	
  Hunt Mexicana, S.A. de C.V., a Mexican corporation

  
	
   

  	
  99.9% owned by LA, Inc.

  
	
   

  
	
  JBH Receivables LLC, a Delaware limited liability
  corporation

  
	
   

  	
  100% owned by J.B. Hunt Transport, Inc.

  
	
   

  
	
  Affiliates

  	
   

  
	
   

  	
   

  
	
  J.B. Hunt, LLC

  	
  Owns 21.42% of outstanding JBHT stock

  
	
  807 W. Bowen Boulevard

  	
  as of December 31, 2006.

  
	
  Fayetteville, AR 72701

  	
   

  
			

 

 

 Schedule 5.4

SCHEDULE 5.5

FINANCIAL STATEMENTS

The following financial
statements and notes to financial statements are incorporated by reference from
the Parent’s Form 10-K dated December 31, 2006, filed February 28, 2007:

The Parent’s Consolidated Balance Sheets dated
December 31, 2006 and 2005

The Parent’s Consolidated Statements of
Earnings for the years ended December 31, 2006, 2005, and 2004

The Parent’s Consolidated Statements of
Stockholders’ Equity for the years ended December 31, 2006, 2005, and 2004

The Parent’s Consolidated Statements of Cash Flows for the years ended
December 31, 2006, 2005, and 2004

The Notes to Consolidated Financial Statements

 

 Schedule 5.5

SCHEDULE 5.8

LITIGATION

None.

 

 Schedule 5.8

SCHEDULE 5.14

USE OF PROCEEDS

Refinance existing
indebtedness of the Company, for the acquisition of equipment and for general
corporate purposes.

 

 Schedule 5.14

SCHEDULE 5.15

EXISTING
INDEBTEDNESS

$250 Million Senior Revolving Credit Facility Agreement dated as of
March 29, 2007, between J.B. Hunt Transport Services, Inc. and various
commercial banking institutions.

$200 million Receivables Sale Agreement dated as of July 31, 2006,
among JBH Receivables LLC, as the Seller, J.B. Hunt Transport, Inc. as the
Initial Collection Agent, ABN AMRO Bank N.V. as the Agent, the Committed
Purchasers from time to time party thereto, and Windmill Funding Corporation.

$100 Million Term Loan Agreement by and among J.B. Hunt Transport, Inc.
as Borrower, the Lenders from time to time party thereto, and SunTrust Bank as
Administrative Agent dated as of September 29, 2006. This agreement is secured
by 7,259 Wabash trailers.

 

 Schedule 5.15

SCHEDULE 10.4

LIENS

Liens attached to 7,259
Wabash trailers securing the $100 million Term Loan Agreement with SunTrust
Bank.

 

 Schedule 10.4

SCHEDULE 10.5

SUBSIDIARY INDEBTEDNESS

$200 million
Receivables Sale Agreement dated as of July 31, 2006, among JBH Receivables
LLC, as the Seller, J.B. Hunt Transport, Inc. as the Initial Collection Agent,
ABN AMRO Bank N.V. as the Agent, the Committed Purchasers from time to time
party thereto, and Windmill Funding Corporation.

 

 Schedule 10.5

EXHIBIT
1.1

[FORM OF SENIOR NOTE]

J.B. HUNT TRANSPORT, INC.

5.31% Senior Note  due March 29, 2011

 

	
  No. R-[__]

  	
   

  	
  [Date]

  
	
  $[_______]

  	
   

  	
  PPN: 44565# AD3

  

 

FOR VALUE RECEIVED, the undersigned, J.B. HUNT
TRANSPORT, INC. (herein called the “Company”), a corporation organized and
existing under the laws of the state of Georgia promises to pay to [         ], or registered assigns, the
principal sum of $[              ] on March
29, 2011, with interest (computed on the basis of a 360-day year of twelve
30-day months) (a) on the unpaid balance thereof at the rate of 5.31% per annum
from the date hereof, payable semiannually, on March 29 and September 29 in
each year, commencing with the March 29 or September 29 next succeeding the
date hereof, until the principal hereof shall have become due and payable, and
(b) to the extent permitted by law, at a rate per annum from time to time equal
to the greater of (i) 7.31% or (ii) 2% over the rate of interest publicly
announced by JPMorgan Chase Bank, N.A. from time to time in New York, New York
as its “base” or “prime” rate, on any overdue payment of interest and, during
the continuance of an Event of Default, on the unpaid balance hereof and on any
overdue payment of any Make-Whole Amount, payable semiannually as aforesaid
(or, at the option of the registered holder hereof, on demand), but in each case in no event in excess of the
maximum nonusurious rate of interest permitted under applicable law.

Payments of principal of, interest on and any
Make-Whole Amount with respect to this Note are to be made in lawful money of
the United States of America at the principal office of JPMorgan Chase Bank,
N.A. in New York, New York or at such other place as the Company shall have
designated by written notice to the holder of this Note as provided in the Note
Purchase Agreement referred to below.

This Note is one of a series of Senior Notes (herein
called the “Notes”) issued pursuant to the Note Purchase Agreement dated as of
March 15, 2007 (as from time to time amended, the “Note Purchase Agreement”),
between the Company, J.B. Hunt Transport Services, Inc. and the respective
Purchasers named therein and is entitled to the benefits thereof.  Each holder of this Note will be deemed, by
its acceptance hereof, (i) to have agreed to the confidentiality provisions set
forth in Section 20 of the Note Purchase Agreement and (ii) to have made the
representations set forth in Sections 6.2 and 6.3 of the Note Purchase
Agreement.  Unless otherwise indicated,
capitalized terms used in this Note shall have the respective meanings ascribed
to such terms in the Note Purchase Agreement.

  
 Exhibit 1.1
 

This Note is a registered Note and, as provided in the
Note Purchase Agreement, upon surrender of this Note for registration of
transfer, duly endorsed, or accompanied by a written instrument of transfer
duly executed, by the registered holder hereof or such holder’s attorney duly
authorized in writing, a new Note for a like principal amount will be issued
to, and registered in the name of, the transferee.  Prior to due presentment for registration of
transfer, the Company may treat the Person in whose name this Note is
registered as the owner hereof for the purpose of receiving payment and for all
other purposes, and the Company will not be affected by any notice to the
contrary.

This Note is subject to optional prepayment, in whole
or from time to time in part, at the times and on the terms specified in the
Note Purchase Agreement, but not otherwise.

If an Event of Default occurs and is continuing, the principal
of this Note may be declared or otherwise become due and payable in the manner,
at the price (including any applicable Make-Whole Amount) and with the effect
provided in the Note Purchase Agreement.

This Note shall be construed and enforced in accordance
with, and the rights of the parties shall be governed by, the law of the state
of New York excluding choice-of-law principles of the law of such state that
would require the application of the laws of a jurisdiction other than such
state.

	
   

  	
  J.B.
  HUNT TRANSPORT, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

 2
 Exhibit 1.1

EXHIBIT 1.2

PARENT GUARANTY

THIS
GUARANTY (this “Guaranty”) dated as of March 29, 2007 is made by J.B. Hunt
Transport Services, Inc., an Arkansas corporation (the “Guarantor”), in favor
of the holders from time to time of the Notes hereinafter referred to,
including each purchaser named in the Note Purchase Agreement hereinafter
referred to, and their respective successors and assigns (collectively, the “Holders”
and each individually, a “Holder”).

W
I  T  N  E  S  S  E  T  H:

WHEREAS,
J.B. Hunt Transport, Inc., a Georgia corporation (the “Company”), the Guarantor
and the initial Holders have entered into a Note Purchase Agreement dated as of
March 15, 2007 (the Note Purchase Agreement as amended, supplemented, restated
or otherwise modified from time to time in accordance with its terms and in
effect, the “Note Purchase Agreement”);

WHEREAS,
the Note Purchase Agreement provides for the issuance by the Company of
$200,000,000 aggregate principal amount of Notes (as defined in the Note
Purchase Agreement);

WHEREAS,
the Company is a Subsidiary of the Guarantor and the Guarantor will derive
substantial benefits from the purchase by the Holders of the Company’s Notes;

WHEREAS,
it is a condition precedent to the obligation of the Holders to purchase the
Notes that the Guarantor shall have executed and delivered this Guaranty to the
Holders; and

WHEREAS,
the Guarantor desires to execute and deliver this Guaranty to satisfy the
conditions described in the preceding paragraph;

NOW,
THEREFORE, in consideration of the premises and other benefits to the
Guarantor, and of the purchase of the Company’s Notes by the Holders, and for
other good and valuable consideration, the receipt and sufficiency of which are
acknowledged, the Guarantor makes this Guaranty as follows:

SECTION
1.  Definitions.  Any capitalized terms not otherwise herein
defined shall have the meanings ascribed to them in the Note Purchase
Agreement.

SECTION
2.  Guaranty.  The Guarantor unconditionally and irrevocably
guarantees to the Holders the due, prompt and complete payment by the Company
of the principal of, Make-Whole Amount, if any, and interest on, and each other
amount due under, the Notes or the Note Purchase Agreement, when and as the
same shall become due and payable (whether at stated maturity or by required or
optional prepayment or by declaration or otherwise) in accordance with the
terms of the Notes and the Note Purchase 

  
 Exhibit 1.2
 

Agreement (the
Notes and the Note Purchase Agreement being sometimes hereinafter collectively
referred to as the “Note Documents” and the amounts payable by the Company
under the Note Documents, and all other monetary obligations of the Company
thereunder (including any reasonable attorneys’ fees and expenses), being
sometimes collectively hereinafter referred to as the “Obligations”).  This Guaranty is a guaranty of payment and
not just of collectibility and is in no way conditioned or contingent upon any
attempt to collect from the Company or upon any other event, contingency or
circumstance whatsoever.  If for any
reason whatsoever the Company shall fail or be unable duly, punctually and
fully to pay such amounts as and when the same shall become due and payable,
the Guarantor, without demand, presentment, protest or notice of any kind, will
forthwith pay or cause to be paid such amounts to the Holders under the terms
of such Note Documents, in lawful money of the United States, at the place
specified in the Note Purchase Agreement, or perform or comply with the same or
cause the same to be performed or complied with, together with interest (to the
extent provided for under such Note Documents) on any amount due and owing from
the Company.  The Guarantor, promptly
after demand, will pay to the Holders the reasonable costs and expenses of
collecting such amounts or otherwise enforcing this Guaranty, including,
without limitation, the reasonable fees and expenses of counsel.

SECTION
3.  Guarantor’s Obligations
Unconditional.  The obligations of
the Guarantor under this Guaranty shall be primary, absolute and unconditional
obligations of the Guarantor, shall not be subject to any counterclaim,
set-off, deduction, diminution, abatement, recoupment, suspension, deferment,
reduction or defense based upon any claim the Guarantor or any other person may
have against the Company or any other person, and to the full extent permitted
by applicable law shall remain in full force and effect without regard to, and
shall not be released, discharged or in any way affected by, any circumstance
or condition whatsoever (whether or not the Guarantor or the Company shall have
any knowledge or notice thereof), including:

(a)           any termination, amendment or
modification of or deletion from or addition or supplement to or other change
in any of the Note Documents or any other instrument or agreement applicable to
any of the parties to any of the Note Documents;

(b)           any furnishing or acceptance of any
security, or any release of any security, for the Obligations, or the failure
of any security or the failure of any person to perfect any interest in any
collateral;

(c)           any failure, omission or delay on the
part of the Company to conform or comply with any term of any of the Note
Documents or any other instrument or agreement referred to in paragraph (a)
above, including, without limitation, failure to give notice to the Guarantor
of the occurrence of a “Default” or an “Event of Default” under any Note
Document;

(d)           any waiver of the payment,
performance or observance of any of the obligations, conditions, covenants or
agreements contained in any Note Document, or any other waiver, consent,
extension, indulgence, compromise, settlement, release or other action or
inaction under or in respect of any of the Note Documents or any other
instrument or agreement referred to in paragraph (a) above or any obligation or
liability 

 2
 Exhibit 1.2
 

of the Company, or any exercise or non-exercise of any
right, remedy, power or privilege under or in respect of any such instrument or
agreement or any such obligation or liability;

(e)           any failure, omission or delay on the
part of any of the Holders to enforce, assert or exercise any right, power or
remedy conferred on such Holder in this Guaranty, or any such failure, omission
or delay on the part of such Holder in connection with any Note Document, or
any other action on the part of such Holder;

(f)            any voluntary or involuntary
bankruptcy, insolvency, reorganization, arrangement, readjustment, assignment
for the benefit of creditors, composition, receivership, conservatorship,
custodianship, liquidation, marshaling of assets and liabilities or similar proceedings
with respect to the Company, the Guarantor or to any other person or any of
their respective properties or creditors, or any action taken by any trustee or
receiver or by any court in any such proceeding;

(g)           any discharge, termination, cancellation,
frustration, irregularity, invalidity or unenforceability, in whole or in part,
of any of the Note Documents or any other agreement or instrument referred to
in paragraph (a) above or any term hereof;

(h)           any merger or consolidation of the
Company or the Guarantor into or with any other corporation, or any sale, lease
or transfer of any of the assets of the Company or the Guarantor to any other
person;

(i)            any change in the ownership of any
shares of capital stock of the Company or any change in the corporate
relationship between the Company and the Guarantor, or any termination of such
relationship;

(j)            any release or discharge, by
operation of law, of any other guarantor from the performance or observance of
any obligation, covenant or agreement contained in any other guarantee of the
Note Documents or the Obligations; or

(k)           any other occurrence, circumstance,
happening or event whatsoever, whether similar or dissimilar to the foregoing,
whether foreseen or unforeseen, and any other circumstance which might
otherwise constitute a legal or equitable defense or discharge of the
liabilities of a guarantor or surety or which might otherwise limit recourse
against the Guarantor.

SECTION
4.  Full Recourse Obligations.  The obligations of the Guarantor set forth
herein constitute the full recourse obligations of the Guarantor enforceable
against it to the full extent of all its assets and properties.

SECTION
5.  Waiver.  The Guarantor unconditionally waives, to the
extent permitted by applicable law, (a) notice of any of the matters
referred to in Section 3, (b) notice to the Guarantor of the incurrence of
any of the Obligations, notice to the Guarantor or the Company of 

 3
 Exhibit 1.2
 

any breach or
default by the Company with respect to any of the Obligations or any other
notice that may be required, by statute, rule of law or otherwise, to preserve
any rights of the Holders against the Guarantor, (c) presentment to or
demand of payment from the Company or the Guarantor with respect to any amount
due under any Note Document or protest for nonpayment or dishonor, (d) any
right to the enforcement, assertion or exercise by any of the Holders of any
right, power, privilege or remedy conferred in the Note Purchase Agreement or
any other Note Document or otherwise, (e) any requirement of diligence on
the part of any of the Holders, (f) any requirement to exhaust any
remedies or to mitigate the damages resulting from any default under any Note
Document, (g) any notice of any sale, transfer or other disposition by any
of the Holders of any right, title to or interest in the Note Purchase
Agreement or in any other Note Document and (h) any other circumstance
whatsoever which might otherwise constitute a legal or equitable discharge,
release or defense of a guarantor or surety or which might otherwise limit
recourse against the Guarantor.

SECTION
6.  Subrogation, Contribution,
Reimbursement or Indemnity.  Until
one year and one day after all Obligations have been paid in full, the
Guarantor agrees not to take any action pursuant to any rights which may have
arisen in connection with this Guaranty to be subrogated to any of the rights
(whether contractual, under the United States Bankruptcy Code, as amended,
including section 509 thereof, under common law or otherwise) of any of the Holders
against the Company or against any collateral security or guaranty or right of
offset held by the Holders for the payment of the Obligations. Until one year
and one day after all Obligations have been paid in full, the Guarantor agrees
not to take any action pursuant to any contractual, common law, statutory or
other rights of reimbursement, contribution, exoneration or indemnity (or any
similar right) from or against the Company which may have arisen in connection
with this Guaranty.  So long as the Obligations
remain, if any amount shall be paid by or on behalf of the Company to the
Guarantor on account of any of the rights waived in this paragraph, such amount
shall be held by the Guarantor in trust, segregated from other funds of the
Guarantor, and shall, forthwith upon receipt by the Guarantor, be turned over
to the Holders (duly endorsed by the Guarantor to the Holders, if required), to
be applied against the Obligations, whether matured or unmatured, in such order
as the Holders may determine.  The
provisions of this paragraph shall survive the term of this Guaranty and the
payment in full of the Obligations.

SECTION
7.  Effect of Bankruptcy Proceedings,
etc.  This Guaranty shall continue to
be effective or be automatically reinstated, as the case may be, if at any time
payment, in whole or in part, of any of the sums due to any of the Holders
pursuant to the terms of the Note Purchase Agreement or any other Note Document
is rescinded or must otherwise be restored or returned by the Holder upon the insolvency,
bankruptcy, dissolution, liquidation or reorganization of the Company or any
other person, or upon or as a result of the appointment of a custodian,
receiver, trustee or other officer with similar powers with respect to the
Company or other person or any substantial part of its property, or otherwise,
all as though such payment had not been made. 
If an event permitting the acceleration of the maturity of the principal
amount of the Notes shall at any time have occurred and be continuing, and such
acceleration shall at such time be prevented by reason of the pendency against
the Company or any other person of a case or proceeding under a bankruptcy or
insolvency law, the Guarantor agrees that, for purposes of this Guaranty 

 4
 Exhibit 1.2
 

and its
obligations hereunder, the maturity of the principal amount of the Notes and
all other Obligations shall be deemed to have been accelerated with the same
effect as if any Holder had accelerated the same in accordance with the terms
of the Note Purchase Agreement or other applicable Note Document, and the
Guarantor shall forthwith pay such principal amount, Make-Whole Amount, if any,
and interest thereon and any other amounts guaranteed hereunder without further
notice or demand.

SECTION
8.  Term of Agreement.  This Guaranty and all guaranties, covenants
and agreements of the Guarantor contained herein shall continue in full force
and effect and shall not be discharged until such time as all of the
Obligations shall be paid and performed in full and all of the agreements of
the Guarantor hereunder shall be duly paid and performed in full.

SECTION 9.  Notices.  All notices and communications provided for
hereunder shall be in writing and sent by telecopy if the sender on the same
day sends a confirming copy of such notice by a recognized overnight delivery
service (charges prepaid), or by registered or certified mail with return
receipt requested (postage prepaid), or by a recognized overnight delivery
service (with charges prepaid) (a) if to the Company or any Holder at the address
set forth in the Note Purchase Agreement or (b) if to the Guarantor, in
care of the Company at the Company’s address set forth in the Note Purchase
Agreement, or in each case at such other address as the Company, any Holder or
such Guarantor shall from time to time designate in writing to the other
parties.  Any notice so addressed shall
be deemed to be given when actually received.

SECTION
10.  Survival.  All warranties, representations and covenants
made by the Guarantor herein or in any certificate or other instrument
delivered by it or on its behalf hereunder shall be considered to have been
relied upon by the Holders and shall survive the execution and delivery of this
Guaranty, regardless of any investigation made by any of the Holders.  All statements in any such certificate or
other instrument shall constitute warranties and representations by such
Guarantor hereunder.

SECTION
11.  Jurisdiction and Process; Waiver
of Jury Trial.

(a)           The Guarantor irrevocably submits to
the non-exclusive jurisdiction of any New York state or federal court sitting
in the Borough of Manhattan, The City of New York, over any suit, action or
proceeding arising out of or relating to this Parent Guaranty, the Note
Purchase Agreement or the Notes.  To the
fullest extent permitted by applicable law, the Guarantor irrevocably waives
and agrees not to assert, by way of motion, as a defense or otherwise, any
claim that it is not subject to the jurisdiction of any such court, any
objection that it may now or hereafter have to the laying of the venue of any
such suit, action or proceeding brought in any such court and any claim that
any such suit, action or proceeding brought in any such court has been brought
in an inconvenient forum.

(b)           The Guarantor agrees, to the fullest extent
permitted by applicable law, that a final judgment in any suit, action or
proceeding of the nature referred to in Section 11(a) brought in any such
court shall be conclusive and binding upon it subject to 

 5
 Exhibit 1.2
 

rights of appeal, as the case may be, and may
be enforced in the courts of the United States of America (or any other courts
to the jurisdiction of which it or any of its assets is or may be subject) by a
suit upon such judgment.

(c)           The Guarantor consents to process
being served by or on behalf of any holder of Notes in any suit, action or
proceeding of the nature referred to in Section 11(a) by mailing a copy
thereof by registered or certified mail (or any substantially similar form of
mail), postage prepaid, return receipt requested, or delivering a copy thereof
in the manner for delivery of notices specified in Section 9, to it.  The Guarantor agrees that such service upon
receipt (i) shall be deemed in every respect effective service of process upon
it in any such suit, action or proceeding and (ii) shall, to the fullest extent
permitted by applicable law, be taken and held to be valid personal service
upon and personal delivery to it. 
Notices hereunder shall be conclusively presumed received as evidenced
by a delivery receipt furnished by the United States Postal Service or any
reputable commercial delivery service.

(d)           Nothing in this Section 11 shall
affect the right of any holder of a Note to serve process in any manner
permitted by law, or limit any right that the holders of any of the Notes may
have to bring proceedings against the Company in the courts of any appropriate
jurisdiction or to enforce in any lawful manner a judgment obtained in one
jurisdiction in any other jurisdiction.

(e)           THE GUARANTOR WAIVES TRIAL
BY JURY IN ANY ACTION BROUGHT ON OR WITH RESPECT TO THIS AGREEMENT, THE NOTES
OR ANY OTHER DOCUMENT EXECUTED IN CONNECTION HEREWITH OR THEREWITH.

SECTION
12.  Miscellaneous.  Any provision of this Guaranty 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.  To the extent permitted by applicable law,
the Guarantor hereby waives any provision of law that renders any provisions
hereof prohibited or unenforceable in any respect.  The terms of this Guaranty shall be binding
upon, and inure to the benefit of, the Guarantor and the Holders and their
respective successors and assigns.  No
term or provision of this Guaranty may be changed, waived, discharged or
terminated orally, but only by an instrument in writing signed by the Guarantor
and the Required Holders.  The section
and paragraph headings in this Guaranty and the table of contents are for
convenience of reference only and shall not modify, define, expand or limit any
of the terms or provisions hereof, and all references herein to numbered
sections, unless otherwise indicated, are to sections in this Guaranty.  This Guaranty shall in all respects be
governed by, and construed in accordance with, the laws of the State of New
York excluding choice-of-law principles of the law of such State that would
require the application of the laws of a jurisdiction other than such State.

 6
 Exhibit 1.2
 

IN WITNESS
WHEREOF, the Guarantor has caused this Guaranty to be duly executed as of the
day and year first above written.

	
  

  	
  J.B. HUNT TRANSPORT
  SERVICES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
				

 

 

 7
 Exhibit 1.2

EXHIBIT
4.4(a)

FORM OF OPINION OF COUNSEL

FOR THE COMPANY

The opinion of Wright, Lindsey & Jennings LLP,
counsel for the Company, shall be to the effect that:

1.             The Company is a corporation validly existing and in
good standing under the laws of Georgia, and has all requisite corporate power and authority to own and operate its properties, to carry
on its business as now conducted, and to enter into and perform the Note
Purchase Agreement and to issue and sell the Notes.

2.             The Parent is a corporation validly
existing and in good standing under the laws of Arkansas, and has all requisite corporate power and authority to own and
operate its properties, to carry on its business as now conducted, and to enter
into and perform the Note Purchase Agreement and to execute, deliver and
perform the Parent Guaranty.

3.             The Note Purchase Agreement and the
Notes have been duly authorized by proper corporate action on the part of the
Company, have been duly executed and delivered by an authorized officer of the
Company, and constitute the legal, valid and binding agreements of the Company,
enforceable in accordance with their terms, except to the extent that
enforcement thereof may be limited by applicable bankruptcy, insolvency,
reorganization, fraudulent
conveyance, fraudulent transfer, moratorium or similar laws of general
application relating to or affecting the enforcement of the rights of creditors
or by equitable principles, regardless of whether enforcement is sought in a
proceeding in equity or at law.

3.             The Note Purchase Agreement and the
Parent Guaranty have been duly authorized by proper corporate action on the Parent, have been duly
executed and delivered by an authorized officer of the Parent, and constitutes
the legal, valid and binding obligation of the Parent, enforceable in
accordance with their terms, except to the extent the enforcement thereof may
be limited by applicable bankruptcy, insolvency, fraudulent conveyance, fraudulent transfer, reorganization,
moratorium or similar laws of general application relating to or affecting the
enforcement of the rights of creditors or by equitable principles, regardless
of whether enforcement is sought in a proceeding in equity or at law.

4.             In any action or proceeding arising
out of or relating to the Note Purchase Agreement, the Parent Guaranty and the
Notes in any federal court sitting in the State of Arkansas or any Arkansas
state court, such court would recognize and give effect to the governing law
provisions of such documents choosing the laws of the State of New York, except
that matters concerning the enforcement of remedies against personal property
located in Arkansas shall be governed by the laws of the State of Arkansas.

5.             Based on the representations set forth in the
Note Purchase Agreement, the offering, sale and delivery of the Notes
and delivery of the Parent Guaranty do not require the

 1
 Exhibit 4.4(a)
 

registration of
the Notes or the Parent Guaranty under the Securities Act of 1933, as amended,
or the qualification of an indenture under the Trust Indenture Act of 1939, as
amended.

6.             No authorization, approval or
consent of, and no designation, filing, declaration, registration and/or
qualification with, any Governmental Authority is necessary or required in
connection with the execution, delivery and performance by the Company of the
Note Purchase Agreement or the offering, issuance and sale by the Company of
the Notes, and no authorization, approval or consent of, and no designation,
filing, declaration, registration and/or qualification with, any Governmental
Authority is necessary or required in connection with the execution, delivery
and performance by the Parent of the Parent Guaranty.

7.             The issuance and sale of the Notes
by the Company, the performance of the terms and conditions of the Notes and
the Note Purchase Agreement by
the Company and the execution and delivery of the Note Purchase
Agreement by the Company do not conflict with, or result in any breach or
violation of any of the provisions of, or constitute a default under, or result
in the creation or imposition of any Lien on, the property of the Company
pursuant to the provisions of (i) the certificate of incorporation or
bylaws of the Company, (ii) any loan agreement known to such counsel to which
the Company is a party or by which the Company or its property is bound,
(iii) any other Material agreement or instrument known to such counsel to
which the Company is a party or by which the Company or its property is bound,
(iv) any law (excluding usury laws) or regulation applicable to the Company, or
(v) to the knowledge of such counsel, any order, writ, injunction or decree of
any court or Governmental Authority applicable to the Company.

8.             The execution, delivery and
performance of the Parent Guaranty by the Parent will not conflict with, or result in any breach or
violation of any of the provisions of, or constitute a default under, or result
in the creation or imposition of any Lien on, the property of the Parent
pursuant to the provisions of (i) its articles of incorporation or by-laws, (ii) any loan agreement known to
such counsel to which the Parent is a party or by which it or its property is
bound, (iii) any other Material
agreement or instrument known to such counsel to which the Parent is a party or
by which it or its property is bound, (iv) any law (excluding usury laws) or
regulation applicable to the Parent, or (v) to the knowledge of such counsel,
any order, writ, injunction or decree of any court or Governmental Authority
applicable to the Parent.

9.             None of the Company, the Parent or any Subsidiary
is (i) a “public utility” as defined in the Federal Power Act, as
amended, or (ii) an “investment company” or a company “controlled” by an “investment
company,” as such terms are defined in the Investment Company Act of 1940, as
amended.

10.           Based on the representations set forth in the Note Purchase Agreement,
the issuance of the Notes and the intended use of the proceeds of the
sale of the Notes do not violate or conflict with Regulation U, T or X of the
Board of Governors of the Federal Reserve System.

The opinion of Wright,
Lindsey & Jennings LLP shall cover such other matters relating to the sale
of the Notes as the Purchasers may reasonably request.  With respect to matters of fact on which such
opinion is based, such counsel shall be entitled to rely on appropriate
certificates of public officials and officers of the Company and with respect
to matters governed by the laws of

 2
 Exhibit 4.4(a)
 

any jurisdiction other
than the United States of America, the laws of the state of New York, Arkansas
or Georgia, such counsel may rely upon the opinions of counsel deemed (and
stated in their opinion to be deemed) by them to be competent and reliable. The
opinion shall state that subsequent transferees and assignees of the Notes and
Foley & Lardner LLP may rely thereon.

 

 3
 Exhibit 4.4(a)

EXHIBIT
4.4(b)

FORM OF OPINION OF SPECIAL COUNSEL

TO THE PURCHASERS

The opinion of Foley
& Lardner LLP, special counsel to the Purchasers, shall be to the effect
that:

1.             The Agreement and the Notes
constitute the legal, valid and binding agreements of the Company, enforceable
in accordance with their terms, except to the extent that enforcement thereof
may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent
conveyance, fraudulent transfer, moratorium or similar laws of general application
relating to or affecting the enforcement of the rights of creditors or by
equitable principles, regardless of whether enforcement is sought in a
proceeding in equity or at law.

2.             The Agreement and the Parent
Guaranty constitute the legal, valid and binding obligation of the Parent,
enforceable in accordance with their terms, except to the extent the
enforcement thereof may be limited by applicable bankruptcy, insolvency,
fraudulent conveyance, fraudulent transfer, reorganization, moratorium or similar
laws of general application relating to or affecting the enforcement of the
rights of creditors or by equitable principles, regardless of whether
enforcement is sought in a proceeding in equity or at law.

3.             Based upon the representations set
forth in the Agreement, the offering, sale and delivery of the Notes and the
execution and delivery of the Parent Guaranty do not require the registration
of the Notes or the Parent Guaranty under the Securities Act of 1933, as
amended, nor the qualification of an indenture under the Trust Indenture Act of
1939, as amended.

4.             No approval, consent or withholding
of objection on the part of, or filing, registration or qualification with, any
governmental body, Federal or state, is necessary in connection with the execution
and delivery of the Note Agreement or the Notes.

Foley &
Lardner LLP may rely upon the opinion of Wright, Lindsey & Jennings LLP as
to the due authorization, execution and delivery of the Agreement, the Notes
and the Parent Guaranty.  Such opinion shall
state that the opinion of Wright, Lindsey & Jennings LLP is satisfactory in
form and scope to it, and that, in its opinion, the Purchasers and it are
justified in relying thereon and shall cover such other matters relating to the
sale of the Notes as the Purchasers may reasonably request.

 

 Exhibit 4.4(b)

EXHIBIT
9.7

SUBSIDIARY
GUARANTY

THIS GUARANTY (this “Guaranty”) dated as of [       ], 2007 is made by each of the
undersigned (each being a “Guarantor”), in favor of the holders from time to
time of the Notes hereinafter referred to and their respective successors and
assigns (collectively, the “Holders” and each individually, a “Holder”).

W
I T N E S S E T H:

WHEREAS, J.B. HUNT TRANSPORT, INC., a Georgia
corporation (the “Company”), J.B. Hunt Transport Services, Inc., an Arkansas
corporation, and the initial Holders have entered into a Note Purchase
Agreement dated as of March 15, 2007 (the Note Purchase Agreement as amended,
supplemented, restated or otherwise modified from time to time in accordance
with its terms and in effect, the “Note Purchase Agreement”);

WHEREAS, the Note Purchase Agreement provides for the
issuance by the Company of $200,000,000 aggregate principal amount of Notes (as
defined in the Note Purchase Agreement);

WHEREAS, the Company directly or indirectly owns all
of the issued and outstanding capital stock of each Guarantor and, by virtue of
such ownership and otherwise, such Guarantor has derived or will derive
substantial benefits from the purchase by the Holders of the Company’s Notes;

WHEREAS, it is a requirement of the Note Purchase
Agreement that each Guarantor execute and deliver this Guaranty to the Holders;
and

WHEREAS, each Guarantor desires to execute and deliver
this Guaranty to satisfy the requirement described in the preceding paragraph;

NOW, THEREFORE, in consideration of the premises and
other benefits to each Guarantor, and of the purchase of the Company’s Notes by
the Holders, and for other good and valuable consideration, the receipt and
sufficiency of which are acknowledged, each Guarantor makes this Guaranty as
follows:

SECTION
1            Definitions.  Any capitalized terms not otherwise herein
defined shall have the meanings attributed to them in the Note Purchase
Agreement.

SECTION
2            Guaranty.  Each Guarantor, jointly and severally with
each other Guarantor, unconditionally and irrevocably guarantees to the Holders
the due, prompt and complete payment by the Company of the principal of,
Make-Whole Amount, if any, and interest on, and each other amount due under,
the Notes or the Note Purchase Agreement, when and as the same shall become due
and payable (whether at stated maturity or by required or optional prepayment
or by declaration or otherwise) in accordance with the terms of the Notes and
the Note Purchase Agreement (the Notes and the Note Purchase Agreement being
sometimes

 1
 Exhibit 9.7
 

hereinafter collectively referred to as the “Note
Documents” and the amounts payable by the Company under the Note Documents
(including any attorneys’ fees and expenses), being sometimes collectively
hereinafter referred to as the “Obligations”). 
This Guaranty is a guaranty of payment and not just of collectibility
and is in no way conditioned or contingent upon any attempt to collect from the
Company or upon any other event, contingency or circumstance whatsoever.  If for any reason whatsoever the Company
shall fail or be unable duly, punctually and fully to pay such amounts as and
when the same shall become due and payable, each Guarantor, without demand,
presentment, notice of
acceleration, notice of intent to accelerate, protest or notice of any
kind, will forthwith pay or cause to be paid such amounts to the Holders under
the terms of such Note Documents, in lawful money of the United States, at the
place specified in the Note Purchase Agreement, or perform or comply with the
same or cause the same to be performed or complied with, together with interest
(to the extent provided for under such Note Documents) on any amount due and
owing from the Company.  Each Guarantor,
promptly after demand, will pay to the Holders the reasonable costs and
expenses of collecting such amounts or otherwise enforcing this Guaranty,
including, without limitation, the reasonable fees and expenses of
counsel.  Notwithstanding the foregoing,
the right of recovery against each Guarantor under this Guaranty is limited to
the extent it is judicially determined with respect to any Guarantor that
entering into this Guaranty would violate Section 548 of the United States
Bankruptcy Code or any comparable provisions of any state law, in which case
such Guarantor shall be liable under this Guaranty only for amounts aggregating
up to the largest amount that would not render such Guarantor’s obligations
hereunder subject to avoidance under Section 548 of the United States
Bankruptcy Code or any comparable provisions of any state law.

SECTION
3.           Guarantor’s Obligations
Unconditional.  The obligations of
each Guarantor under this Guaranty shall be primary, absolute and unconditional
obligations of each Guarantor, shall not be subject to any counterclaim,
set-off, deduction, diminution, abatement, recoupment, suspension, deferment,
reduction or defense based upon any claim each Guarantor or any other Person
may have against the Company or any other Person, and to the full extent
permitted by applicable law shall remain in full force and effect without
regard to, and except as provided in Section 9.7(b) of the Note Purchase
Agreement, shall not be released, discharged or in any way affected by, any
circumstance or condition whatsoever (whether or not each Guarantor or the
Company shall have any knowledge or notice thereof), including:

(a)           any termination, amendment or
modification of or deletion from or addition or supplement to or other change
in any of the Note Documents or any other instrument or agreement applicable to
any of the parties to any of the Note Documents;

(b)           any furnishing or acceptance of any
security, or any release of any security, for the Obligations, or the failure
of any security or the failure of any Person to perfect any interest in any
collateral;

(c)           any failure, omission or delay on the
part of the Company to conform or comply with any term of any of the Note
Documents or any other instrument or agreement referred to in paragraph (a)
above, including, without limitation, failure to give

 2
 Exhibit 9.7
 

notice to any Guarantor
of the occurrence of a “Default” or an “Event of Default” under any Note
Document;

(d)           any waiver of the payment,
performance or observance of any of the obligations, conditions, covenants or
agreements contained in any Note Document, or any other waiver, consent,
extension, indulgence, compromise, settlement, release or other action or
inaction under or in respect of any of the Note Documents or any other
instrument or agreement referred to in paragraph (a) above or any obligation or
liability of the Company, or any exercise or non-exercise of any right, remedy,
power or privilege under or in respect of any such instrument or agreement or
any such obligation or liability;

(e)           any failure, omission or delay on the
part of any of the Holders to enforce, assert or exercise any right, power or
remedy conferred on such Holder in this Guaranty, or any such failure, omission
or delay on the part of such Holder in connection with any Note Document, or
any other action on the part of such Holder;

(f)            any voluntary or involuntary
bankruptcy, insolvency, reorganization, arrangement, readjustment, assignment
for the benefit of creditors, composition, receivership, conservatorship,
custodianship, liquidation, marshaling of assets and liabilities or similar
proceedings with respect to the Company, any Guarantor or to any other Person
or any of their respective properties or creditors, or any action taken by any
trustee or receiver or by any court in any such proceeding;

(g)           any discharge, termination,
cancellation, frustration, irregularity, invalidity or unenforceability, in
whole or in part, of any of the Note Documents or any other agreement or
instrument referred to in paragraph (a) above or any term hereof;

(h)           any merger or consolidation of the
Company or any Guarantor into or with any other corporation, or any sale, lease
or transfer of any of the assets of the Company or any Guarantor to any other
Person;

(i)            any change in the ownership of any
shares of capital stock of the Company or any change in the corporate
relationship between the Company and any Guarantor, or any termination of such
relationship;

(j)            any release or discharge, by
operation of law, of any Guarantor from the performance or observance of any
obligation, covenant or agreement contained in this Guaranty; or

(k)           any other occurrence, circumstance,
happening or event whatsoever, whether similar or dissimilar to the foregoing,
whether foreseen or unforeseen, and any other circumstance which might
otherwise constitute a legal or equitable defense or discharge of the
liabilities of a guarantor or surety or which might otherwise limit recourse
against any Guarantor.

 3
 Exhibit 9.7
 

SECTION
4.           Full Recourse Obligations.  The obligations of each Guarantor set forth
herein constitute the full recourse obligations of such Guarantor enforceable
against it to the full extent of all its assets and properties.

SECTION
5.           Waiver.  Each Guarantor unconditionally waives, to the
extent permitted by applicable law, (a) notice of any of the matters
referred to in Section 3, (b) notice to such Guarantor of the incurrence
of any of the Obligations, notice to such Guarantor or the Company of any
breach or default by such Company with respect to any of the Obligations or any
other notice that may be required, by statute, rule of law or otherwise, to
preserve any rights of the Holders against such Guarantor, (c) presentment
to, notice of
acceleration of, notice of intent to accelerate or demand of payment
from the Company or the Guarantor with respect to any amount due under any Note
Document or protest for nonpayment or dishonor, (d) any right to the
enforcement, assertion or exercise by any of the Holders of any right, power,
privilege or remedy conferred in the Note Purchase Agreement or any other Note
Document or otherwise, (e) any requirement of diligence on the part of any
of the Holders, (f) any requirement to exhaust any remedies or to mitigate
the damages resulting from any default under any Note Document, (g) any
notice of any sale, transfer or other disposition by any of the Holders of any
right, title to or interest in the Note Purchase Agreement or in any other Note
Document and (h) any other circumstance whatsoever which might otherwise
constitute a legal or equitable discharge, release or defense of a guarantor or
surety or which might otherwise limit recourse against such Guarantor.

SECTION
6.           Subrogation, Contribution,
Reimbursement or Indemnity.  Until
one year and one day after all Obligations have been indefeasibly paid in full,
each Guarantor agrees not to take any action pursuant to any rights which may
have arisen in connection with this Guaranty to be subrogated to any of the
rights (whether contractual, under the United States Bankruptcy Code, as
amended, including Section 509 thereof, under common law or otherwise) of any
of the Holders against the Company or against any collateral security or
guaranty or right of offset held by the Holders for the payment of the
Obligations. Until one year and one day after all Obligations have been
indefeasibly paid in full, each Guarantor agrees not to take any action
pursuant to any contractual, common law, statutory or other rights of
reimbursement, contribution, exoneration or indemnity (or any similar right)
from or against the Company which may have arisen in connection with this
Guaranty.  So long as the Obligations
remain, if any amount shall be paid by or on behalf of the Company to any
Guarantor on account of any of the rights waived in this paragraph, such amount
shall be held by such Guarantor in trust, segregated from other funds of such
Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over
to the Holders (duly endorsed by such Guarantor to the Holders, if required),
to be applied against the Obligations, whether matured or unmatured, in such
order as the Holders may determine.  The
provisions of this paragraph shall survive the term of this Guaranty and the
payment in full of the Obligations.

SECTION
7.           Effect of Bankruptcy
Proceedings, etc.  This Guaranty
shall continue to be effective or be automatically reinstated, as the case may
be, if at any time payment, in whole or in part, of any of the sums due to any
of the Holders pursuant to the terms of the Note Purchase Agreement or any
other Note Document is rescinded or must otherwise be restored or returned

 4
 Exhibit 9.7
 

by such Holder
upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of
the Company or any other Person, or upon or as a result of the appointment of a
custodian, receiver, trustee or other officer with similar powers with respect
to the Company or other person or any substantial part of its property, or
otherwise, all as though such payment had not been made.  If an event permitting the acceleration of
the maturity of the principal amount of the Notes shall at any time have
occurred and be continuing and
one or more Holders shall have attempted to accelerate the maturity of the
principal amount of the Notes pursuant to and in compliance with Section 12.1
of the Note Purchase Agreement, or an event shall have occurred that pursuant
to Section 12.1 of the Note Purchase Agreement purportedly results in the
automatic acceleration of the maturity of the principal amount of the Notes,
and in either such case such acceleration shall at such time be
prevented by reason of the pendency against the Company or any other Person of
a case or proceeding under a bankruptcy or insolvency law, each Guarantor
agrees that, for purposes of this Guaranty and its obligations hereunder, the
maturity of the principal amount of the Notes and all other Obligations shall
be deemed to have been accelerated with the same effect as if any Holder had
accelerated the same in accordance with the terms of the Note Purchase
Agreement or other applicable Note Document, and such Guarantor shall forthwith
pay such principal amount, Make-Whole Amount, if any, and interest thereon and
any other amounts guaranteed hereunder without further notice or demand.

SECTION
8.           Term of Agreement.  Subject to Section 9.7(b) of the Note
Purchase Agreement, this Guaranty and all guaranties, covenants and agreements
of each Guarantor contained herein shall continue in full force and effect and
shall not be discharged until such time as all of the Obligations shall be
irrevocably paid and performed in full in cash and all of the agreements of such
Guarantor hereunder shall be irrevocably duly paid and performed in full in
cash.

SECTION
9.           Representations and
Warranties.  Each Guarantor
represents and warrants to each Holder that:

(a)           such Guarantor is a corporation or
other legal entity validly existing and in good standing or equivalent status
under the laws of its jurisdiction of organization and has the corporate or
other power and authority to own and operate its property, to lease the
property it operates as lessee and to conduct the business in which it is
currently engaged;

(b)           such Guarantor has the corporate or
other power and authority and the legal right to execute and deliver, and to
perform its obligations under, this Guaranty, and has taken all necessary
corporate or other action to authorize its execution, delivery and performance
of this Guaranty;

(c)           this Guaranty constitutes a legal,
valid and binding obligation of such Guarantor enforceable in accordance with
its terms, except as enforceability may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the enforcement of
creditors’ rights generally and by general equitable principles

 5
 Exhibit 9.7
 

(regardless of whether
such enforceability is considered in a proceeding in equity or at law);

(d)           the execution, delivery and
performance of this Guaranty will not violate any provision of any requirement
of law or material contractual obligation of such Guarantor and, except as
provided in the Note Purchase Agreement, will not result in or require the
creation or imposition of any Lien on any of the properties, revenues or assets
of the Guarantor pursuant to the provisions of any material contractual
obligation of such Guarantor or any requirement of law;

(e)           except as provided in the Note
Purchase Agreement, no consent or authorization of, filing with, or other act
by or in respect of, any arbitrator or governmental authority is required in
connection with the execution, delivery, performance, validity or
enforceability of this Guaranty;

(f)            no litigation, investigation or
proceeding of or before any arbitrator or Governmental Authority is pending or,
to the knowledge of such Guarantor, threatened by or against such Guarantor or
any of its properties or revenues (i) with respect to this Guaranty or any
of the transactions contemplated hereby or (ii) which could reasonably be
expected to have a material adverse effect upon the business, operations or
financial condition of such Guarantor and its Subsidiaries taken as a whole;

(g)           the execution, delivery and
performance of this Guaranty will not violate any provision of any order,
judgment, writ, award or decree of any court, arbitrator or Governmental
Authority, domestic or foreign, or of the charter or by-laws of such Guarantor
or of any securities issued by such Guarantor; and

(h)           after giving effect to the
transactions contemplated herein, (i) the present fair salable value of
the assets of such Guarantor is in excess of the amount that will be required
to pay its probable liability on its existing debts as said debts become
absolute and matured, (ii)  such Guarantor has received reasonably
equivalent value for executing and delivering this Guaranty, (iii) the
property remaining in the hands of such Guarantor is not an unreasonably small
capital, and (iv) such Guarantor is able to pay its debts as they mature.

SECTION
10.         Notices.  All notices under the terms and provisions
hereof shall be in writing, and shall be delivered or sent by telex or telecopy
or mailed by first-class mail, postage prepaid, or otherwise as provided in
Section 18 of the Note Purchase Agreement, addressed (a) if to the Company
or any Holder at the address set forth in, 
the Note Purchase Agreement or (b) if to a Guarantor, in care of
the Company at the Company’s address set forth in the Note Purchase Agreement,
or in each case at such other address as the Company, any Holder or such
Guarantor shall from time to time designate in writing to the other
parties.  Any notice so addressed shall
be deemed to be given when actually received.

 6
 Exhibit 9.7
 

SECTION
11.         Jurisdiction and Process;
Waiver of Jury Trial.

(a)           Each Guarantor irrevocably submits to
the non-exclusive jurisdiction of any New York state or federal court sitting
in the Borough of Manhattan, The City of New York, over any suit, action or
proceeding arising out of or relating to this Guaranty, the Agreement or the
Notes.  To the fullest extent permitted
by applicable law, each Guarantor irrevocably waives and agrees not to assert,
by way of motion, as a defense or otherwise, any claim that it is not subject
to the jurisdiction of any such court, any objection that it may now or
hereafter have to the laying of the venue of any such suit, action or
proceeding brought in any such court and any claim that any such suit, action
or proceeding brought in any such court has been brought in an inconvenient
forum.

(b)           Each Guarantor agrees, to the fullest
extent permitted by applicable law, that a final judgment in any suit, action
or proceeding of the nature referred to in Section 11(a) brought in any
such court shall be conclusive and binding upon it subject to rights of appeal,
as the case may be, and may be enforced in the courts of the United States of
America (or any other courts to the jurisdiction of which it or any of its
assets is or may be subject) by a suit upon such judgment.

(c)           Each Guarantor consents to process
being served in any suit, action or proceeding solely of the nature referred to
in Section 11(a) by mailing a copy thereof by registered or certified or
priority mail, postage prepaid, return receipt requested, or delivering a copy
thereof in the manner for delivery of notices specified in Section 10, to
it.  Each Guarantor agrees that such
service upon receipt (i) shall be deemed in every respect effective service of
process upon it in any such suit, action or proceeding and (ii) shall, to the
fullest extent permitted by applicable law, be taken and held to be valid
personal service upon and personal delivery to it.  Notices hereunder shall be conclusively presumed
received as evidenced by a delivery receipt furnished by the United States
Postal Service or any reputable commercial delivery service.

(d)           Nothing in this Section 11 shall
affect the right of any holder of a Note to serve process in any manner
permitted by law, or limit any right that the holders of any of the Notes may
have to bring proceedings against the Company in the courts of any appropriate
jurisdiction or to enforce in any lawful manner a judgment obtained in one
jurisdiction in any other jurisdiction.

(e)           EACH GUARANTOR WAIVES TRIAL BY JURY
IN ANY ACTION BROUGHT ON OR WITH RESPECT TO THIS AGREEMENT, THE NOTES OR ANY
OTHER DOCUMENT EXECUTED IN CONNECTION HEREWITH OR THEREWITH.

SECTION
12.         Miscellaneous.  Any provision of this Guaranty which 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

 7
 Exhibit 9.7
 

unenforceable such
provision in any other jurisdiction.  To
the extent permitted by applicable law, each Guarantor hereby waives any
provision of law that renders any provisions hereof prohibited or unenforceable
in any respect.  The terms of this Guaranty
shall be binding upon, and inure to the benefit of, each Guarantor and the
Holders and their respective successors and assigns.  It is agreed and understood that any
Subsidiary of the Company or of any Guarantor may become a Guarantor hereunder
by executing a Joinder substantially in the form of Exhibit A attached
hereto and delivering the same to the Holders. 
Any such Person shall thereafter be a “Guarantor” for all purposes under
this Guaranty.  No term or provision of
this Guaranty may be changed, waived, discharged or terminated orally, but only
by an instrument in writing signed by each Guarantor and the Holders; provided,
however, that a Guarantor may be fully released and discharged from this
Guaranty pursuant to the terms of Section 9.7(b) of the Note Purchase
Agreement.  The section and paragraph
headings in this Guaranty and the table of contents are for convenience of
reference only and shall not modify, define, expand or limit any of the terms
or provisions hereof, and all references herein to numbered sections, unless
otherwise indicated, are to sections in this Guaranty.  This Guaranty shall in all respects be
governed by, and construed in accordance with, the laws of the state of New
York, including all matters of construction, validity and performance.

 8
 Exhibit 9.7
 

 

IN
WITNESS WHEREOF, each Guarantor has caused this Guaranty to be duly executed as
of the day and year first above written.

	
  

  	
  [Name of
  Guarantor]

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
					

 

 9
 Exhibit 9.7

FORM OF JOINDER TO
SUBSIDIARY GUARANTY

The undersigned (the “Guarantor”), joins in the Subsidiary
Guaranty dated as of [      ], 2007 from the
Guarantors named therein in favor of the Holders, as defined therein, and (i)
jointly and severally with the other Guarantors under the Subsidiary Guaranty,
guarantees to the Holders from time to time of the Notes the prompt payment in
full when due (whether at stated maturity, by acceleration or otherwise) and
the full and prompt performance and observance of all Obligations (as defined
in Section 2 of the Subsidiary Guaranty), (ii) accepts and agrees to perform
and observe all of the covenants set forth therein, (iii) waives the rights set
forth in Section 5 of the Subsidiary Guaranty, (iv) waives the rights, submits
to jurisdiction, and waives service of process as described in Section 11 of
the Subsidiary Guaranty and (v) agrees to be bound by all of the terms thereof
and represents and warrants to the Holders that:

(a)           the Guarantor is validly existing and
in good standing or equivalent status under the laws of its jurisdiction of
organization and has the requisite power and authority to own and operate its
property, to lease the property it operates as lessee and to conduct the
business in which it is currently engaged;

(b)           the Guarantor has the requisite power
and authority and the legal right to execute and deliver this Joinder to
Subsidiary Guaranty (“Joinder”) and to perform its obligations hereunder and
under the Subsidiary Guaranty and has taken all necessary action to authorize
its execution and delivery of this Joinder and its performance of the
Subsidiary Guaranty;

(c)           the Subsidiary Guaranty constitutes a
legal, valid and binding obligation of the Guarantor enforceable in accordance
with its terms, except as enforceability may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the
enforcement of creditors’ rights generally and by general equitable principles
(regardless of whether such enforceability is considered in a proceeding in
equity or at law);

(d)           the execution, delivery and
performance of this Joinder will not violate any provision of any requirement
of law or material contractual obligation of the Guarantor and, except as
provided in the Note Purchase Agreement, will not result in or require the
creation or imposition of any Lien on any of the properties, revenues or assets
of the Guarantor pursuant to the provisions of any material contractual
obligation of such Guarantor or any requirement of law;

(e)           except as provided in the Note
Purchase Agreement, no consent or authorization of, filing with, or other act
by or in respect of, any arbitrator or Governmental Authority is required in
connection with the execution, delivery, performance, validity or enforceability
of this Joinder;

(f)            no litigation, investigation or
proceeding of or before any arbitrator or governmental authority is pending or,
to the knowledge of the Guarantor, threatened by or against the Guarantor or
any of its properties or revenues with respect to this Joinder, the Subsidiary
Guaranty or any of the transactions contemplated hereby or thereby;

 1
 Exhibit 9.7
 

(g)           the execution, delivery and
performance of this Joinder will not violate any provision of any order,
judgment, writ, award or decree of any court, arbitrator or Governmental
Authority, domestic or foreign, or of the charter or by-laws of the Guarantor
or of any securities issued by the Guarantor; and

(h)           after giving effect to the
transactions contemplated herein, (i) the present fair salable value of
the assets of the Guarantor is in excess of the amount that will be required to
pay its probable liability on its existing debts as said debts become absolute
and matured, (ii)  the Guarantor has received reasonably equivalent value
for executing and delivering this Guaranty, (iii) the property remaining
in the hands of the Guarantor is not an unreasonably small capital, and
(iv) the Guarantor is able to pay its debts as they mature.

(i)            Capitalized Terms used but not
defined herein have the meanings ascribed in the Subsidiary Guaranty.

IN
WITNESS WHEREOF, the undersigned has caused this Joinder to Subsidiary Guaranty
to be duly executed as of                ,
        .

	
   

  	
  [Name of Guarantor]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
				

 

 2
 Exhibit 9.7

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