Document:

Exhibit 10.8

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT AGREEMENT
(this “Agreement”) is made and entered into as of September 24, 2009 (the “Effective
Date”), by and between Echo Global Logistics, Inc.,  a
Delaware corporation (the “Company”), and David
C. Rowe (“Manager”).

 

1.             Employment; Position and
Duties.  The Company agrees to employ
Manager, and Manager agrees to be employed by the Company, upon the terms and
conditions of this Agreement.  Manager
shall be employed by the Company as the Company’s Chief Technology Officer
reporting to the Company’s Chief Executive Officer.  In this capacity, Manager agrees to devote
his full time, energy and skill to the faithful performance of his duties
herein, and shall perform the duties and carry out the responsibilities
assigned to him to the best of his ability and in a diligent, businesslike and
efficient manner.  Manager’s duties shall
include all those duties customarily performed by the Chief Technology Officer,
as well as those additional duties commensurate with his position as Chief
Technology Officer that may be reasonably assigned by the Company.  Manager shall comply with any policies and
procedures established for Company employees, including, without limitation,
those policies and procedures contained in the Company’s employee handbook
previously delivered to Manager.

 

2.             Term of Employment.  This Agreement shall become effective upon
the Effective Date.  The term of this
Agreement shall commence on the Effective Date and shall expire on January 1,
2012, unless earlier terminated by either party, in accordance with the terms
of this Agreement and/or the following sentence.  This Agreement may be terminated by Manager
or by the Company, at any time, with or without Cause (as defined below).  Upon the termination of Manager’s employment
with the Company for any reason, neither party shall have any further
obligation or liability under this Agreement to the other party, except as set
forth in Sections 4, 6, 7, 8, 9 and 10 of this Agreement.

 

3.             Compensation.  Manager shall be compensated by the Company
for his services as follows:

 

(a)           Base Salary. 
Manager shall be paid an initial base salary of $245,000 per year in
accordance with the Company’s normal payroll procedures.  Increases in Manager’s base salary, if any,
shall be as approved by the Company’s Board of Directors (the “Board”) or its
compensation committee.

 

(b)           Benefits.  During the
term of this Agreement, Manager shall have the right, on the same basis as
other members of senior management of the Company, to participate in and to
receive benefits under the Company’s executive and employee benefit plans,
insurance programs and/or indemnification agreements, as may be in effect from
time to time, subject to any applicable waiting periods and other restrictions.  In addition, Manager shall be entitled to the benefits afforded to
other members of senior management under the Company’s vacation, holiday and
business expense reimbursement policies.

 

(c)           Performance Bonus. 
In addition to the base salary, Manager shall be eligible to receive an
annual performance bonus (“Performance Bonus”) to be approved from time to time
by the Board or its compensation committee. 
The Performance Bonus shall be paid 

 

 

within the two-and-one-half month period ending on the
15th day of the third month following the end of the Company’s fiscal year.

 

(d)           Expenses.  In addition
to reimbursement for business expenses incurred by Manager in the normal and
ordinary course of his employment by the Company pursuant to the Company’s standard
business expense reimbursement policies and procedures, the Company shall
reimburse Manager for the full amount of his medical insurance costs should he
elect to participate in the Company’s medical insurance program(s).

 

4.             Benefits Upon Termination.

 

(a)           Termination for Cause or Termination for
Other than Good Reason.  In the event of the
termination of Manager’s employment by the Company for Cause (as defined
below), the termination of Manager’s employment by reason of his death or
disability, or the termination of Manager’s employment by Manager for any
reason other than without Cause or for Good Reason (as defined below), Manager
shall be entitled to no further compensation or benefits from the Company other
than those earned under Section 3 through the date of termination.

 

For purposes of this
Agreement, a termination for “Cause” occurs if Manager’s employment is
terminated by the Company for any of the following reasons:

 

(i)            his material breach of any provision of
this Agreement, provided that in those instances in which his material breach
is capable of being cured, Manager has failed to cure within a thirty (30) day
period after notice from the Company;

 

(ii)           theft, dishonesty, or falsification of
any employment or Company records by Manager;

 

(iii)          the
reasonable determination by the Board that Manager has committed an act or acts
constituting a felony or any act involving moral turpitude; or

 

(iv)          the reasonable determination by the Board
that Manager has engaged in willful misconduct or gross negligence that has had
a material adverse effect on the Company’s reputation or business.

 

For purposes of this
Agreement, a termination for “Good Reason” occurs if Manager terminates his
employment for any of the following reasons and within two years of the initial
existence of such reason:

 

(i)            the Company materially
reduces Manager’s duties or responsibilities below what is customary for a Chief
Technology Officer of a business that is similar to the Company without Manager’s
consent;

 

(ii)           the Company requires Manager
to relocate his office more than 100 miles from the current office of the
Company without his consent; or

 

(iii)          the
Company has materially breached the terms of this Agreement.

 

2

 

If one or more of the above conditions exist, Manager
must provide notice to the Company within a period not to exceed ninety (90)
days of the initial existence of the condition. 
Upon such notice, the Company shall have a period of thirty (30) days
during which it may remedy the condition.

 

(b)           Termination Without Cause or Termination
for Good Reason.  If Manager’s employment is terminated by the
Company for any reason other than for Cause or by reason of his death or
disability, or if Manager’s employment is terminated by Manager for Good
Reason, Manager shall be entitled to receive continued payment of his base salary
in accordance with the Company’s normal payroll procedures for three (3) months
following the termination of Manager’s employment plus (minus) accrued
(unaccrued) but unused (used) vacation time.

 

Notwithstanding anything
to the contrary herein, no payments shall be due under this Section 4(b) unless
and until Manager shall have executed a general release and waiver of claims
against the Company, consistent with Section 8 below (the “Release”), in a
form reasonably satisfactory to the Company, and the execution of such Release
shall be a condition to Manager’s rights under this Section 4(b).  Such Release shall be delivered to Manager
within ten (10) days of Manager’s termination of employment, and no
payments pursuant to Section 4(b) shall be made prior to the date
that both (i) Manager has delivered an original, signed Release to the
Company and (ii) the revocability period (if any) has elapsed; provided
however, that any payments that would otherwise have been made prior to such
date but for the fact that Manager had not yet delivered an original, signed
Release (or the revocability period had not yet elapsed) shall be made as soon
as administratively practicable but not later than the seventy-fourth (74th)
day following Manager’s termination of employment.  Manager must deliver an original,
signed Release to the Company within ten (10) business days (or such
longer period if required by law) after receipt of the same from the Company as
a condition to receiving any amount or benefits described in Section 4(b).

 

5.             Section 409A of the Code.

 

(a)           Except to the extent earlier payment is
permitted by Section 409A of the Code and the regulations promulgated
thereunder, in the event that any amount due to Manager hereunder after the
termination of his employment shall be considered to be deferred compensation
pursuant to Section 409A of the Code, and it is determined that Manager is
a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of
the Code, then the Company shall delay the payment of such amount for six (6) months
after the termination of his employment (or until his death, if earlier) or for
such other amount of time as may be necessary to comply with the requirements
of Section 409A(a)(2)(B)(i) of the Code.

 

(b)           This Agreement is intended to comply and
shall be administered in a manner that is intended to comply with Section 409A
of the Code and the interpretative guidance thereunder, including the
exceptions for short-term deferrals, separation pay arrangements,
reimbursements, and in-kind distributions. 
This Agreement shall be construed and interpreted in accordance with
such intent.  In addition, each payment
shall be considered a separate payment for purposes of Section 409A of the
Code and any termination of employment under this Agreement shall mean a
separation from service as defined in Section 409A of the Code and Treas.
Reg. §1.409A-1(h)(1)(ii) (or other similar or successor provision).  The parties agree to make such other

 

3

 

amendments
to this Agreement as are necessary to comply with the requirements of Section 409A
of the Code.

 

6.             Change of Control. 
If, during the three (3) months prior to the public announcement of
a proposed Change of Control, or at any time within twelve (12) months
following a Change of Control, Manager’s employment is terminated by the
Company for any reason other than Cause, or terminated by Manager for Good
Reason, Manager shall be entitled to the compensation and benefits set forth in
Section 4(b) above.  For
purposes of this Agreement, a “Change of Control” shall have the same meaning
as the term “Change of Control” set forth in the Company’s 2008 Stock Incentive
Plan, as amended.

 

7.             Employee Inventions and Proprietary
Rights Assignment Agreement.  Manager
agrees to abide by the terms and conditions of the Company’s standard Employee
Inventions and Proprietary Rights Assignment Agreement as executed by Manager
and attached hereto as Exhibit A.

 

8.             Covenants Not to Compete or Solicit. 
During Manager’s employment and for a period of twenty-four (24)
months following the termination of Manager’s employment for Cause or termination
for other than Good Reason, Manager shall not, anywhere in the Geographic Area
(as defined below), other than on behalf of the Company or with the prior
written consent of the Company, directly or indirectly:

 

(a)           perform services for
(whether as an employee, agent, consultant, advisor, independent contractor,
proprietor, partner, officer, director or otherwise), have any ownership
interest in (except for passive ownership of one percent (1%) or less of any
entity whose securities have been registered under the Securities Act of 1933,
as amended, or Section 12 of the Securities Exchange Act of 1934, as
amended), or participate in the financing, operation, management or control of,
any firm, partnership, corporation, entity or business that engages or
participates in a “competing business purpose” (as defined below);

 

(b)           induce or attempt to induce
any customer, potential customer, supplier, licensee, licensor or business
relation of the Company to cease doing business with the Company, or in any way
interfere with the relationship between any customer, potential customer,
supplier, licensee, licensor or business relation of the Company or solicit the
business of any customer or potential customer of the Company, whether or not
Manager had personal contact with such entity; and

 

(c)           solicit, encourage, hire or
take any other action which is intended to induce or encourage, or has the
effect of inducing or encouraging, any employee or independent contractor of the
Company or any subsidiary of the Company to terminate his employment or
relationship with the Company or any subsidiary of the Company, other than in
the discharge of his duties as an officer of the Company.

 

For the purpose of this
Agreement, the term “competing business purpose” shall mean the sale or
provision of any transportation or logistics-related services that are
competitive with in any manner the services sold or offered by the Company
during the term of this Agreement.  The
term “Geographic Area” shall mean the United States of America.

 

4

 

The covenants contained
in this Section 8 shall be construed as a series of separate covenants,
one for each county, city, state, or any similar subdivision in any Geographic
Area.  Except for geographic coverage,
each such separate covenant shall be deemed identical in terms to the covenant
contained in the preceding subsections. 
If, in any judicial proceeding, a court refuses to enforce any of such
separate covenants (or any part thereof), then such unenforceable covenant (or
such part) shall be eliminated from this Agreement to the extent necessary to
permit the remaining separate covenants (or portions thereof) to be
enforced.  In the event that the
provisions of this Section 8 are deemed to exceed the time, geographic or
scope limitations permitted by applicable law, then such provisions shall be
reformed to the maximum time, geographic or scope limitations, as the case may
be, permitted by applicable laws.

 

9.             Equitable Remedies.  Manager
acknowledges and agrees that the agreements and covenants set forth in
Sections 7 and 8 are reasonable and necessary for the protection of the Company’s
business interests, that irreparable injury will result to the Company if
Manager breaches any of the terms of such covenants, and that in the event of
Manager’s actual or threatened breach of any such covenants, the Company will
have no adequate remedy at law.  Manager
accordingly agrees that, in the event of any actual or threatened breach by
Manager of any of such covenants, the Company will be entitled to seek
immediate injunctive and other equitable relief, without posting any bond and
without the necessity of showing actual monetary damages.  Nothing in this Section 9 will be
construed as prohibiting the Company from pursuing any other remedies available
to it for such breach or threatened breach, including the recovery of any
damages that it is able to prove.

 

10.           Dispute Resolution.  In the event of any dispute or claim relating
to or arising out of this Agreement (including, but not limited to, any claims
of breach of contract, wrongful termination or age, sex, race or other
discrimination), Manager and the Company agree that all such disputes shall be
fully and finally resolved by binding arbitration conducted by the American
Arbitration Association in Chicago, Illinois in accordance with its National
Employment Dispute Resolution rules, as those rules are currently in
effect (and not as they may be modified in the future).  Manager acknowledges that by accepting this
arbitration provision he is waiving any right to a jury trial in the event of
such dispute.  Notwithstanding the
foregoing, this arbitration provision shall not apply to any disputes or claims
relating to or arising out of the misuse or misappropriation of trade secrets
or proprietary information.

 

11.           Governing Law.  This Agreement has been executed in the State
of Illinois, and Manager
and the Company agree that this Agreement shall be interpreted in accordance
with and governed by the laws of the State of Illinois, without regard to its
conflicts of laws principles.

 

12.           Successors and Assigns.  This Agreement shall inure to the benefit of
and be binding upon the Company and its successors and assigns, provided that such
successor or assignee is the successor to or the assignee of substantially all
of the assets of the Company, or a majority of its then outstanding shares, and
that such successor or assignee assumes the liabilities, obligations and duties
of the Company under this Agreement, either contractually or as a matter of
law.  In view of the personal nature of
the services to be performed under this Agreement by Manager, he shall not have
the right to assign or transfer any of his rights, obligations or benefits
under this Agreement.

 

5

 

13.           Entire Agreement.  This Agreement, including its attached
Exhibit, constitutes the entire employment agreement between Manager and the
Company regarding the terms and conditions of his employment, with the
exception of those provisions of the Company’s 2008 Stock Incentive Plan, as
amended, which is incorporated by reference hereto.  This Agreement (including the documents
described in this Section 13) supersedes all prior negotiations,
representations or agreements between Manager and the Company, whether written
or oral, concerning Manager’s employment.

 

14.           No Conflict.  Manager represents and warrants to the
Company that neither his entry into this Agreement nor his performance of his obligations
hereunder will conflict with or result in a breach of the terms, conditions or
provisions of any other agreement or obligation to which Manager is a party or
by which Manager is bound, including, without limitation, any non- competition
or confidentiality agreement previously entered into by Manager.

 

15.           Validity.  Except as
otherwise provided in Section 8 above, if any one or more of the
provisions (or any part thereof) of this Agreement shall be held invalid,
illegal or unenforceable in any respect, the validity, legality and
enforceability of the remaining provisions (or any part thereof) shall not in
any way be affected or impaired thereby.

 

16.           Modification.  This
Agreement may not be modified or amended except by a written
agreement signed by Manager and the Company.

 

17.           Withholding.  All payments
made to Manager pursuant to this Agreement shall be subject to applicable
withholding taxes, if any, and any amount so withheld shall be deemed to have
been paid to Manager for purposes of amounts due to Manager under this
Agreement.

 

6

 

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

 

	
   

  	
  Echo Global
  Logistics, Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Douglas R. Waggoner

  
	
   

  	
  Name:

  	
  Douglas R. Waggoner

  
	
   

  	
  Its:

  	
  Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ David C. Rowe

  
	
   

  	
  David C. Rowe

  

 

7Exhibit
10.9

 

EMPLOYMENT
AGREEMENT

 

THIS EMPLOYMENT AGREEMENT
(this “Agreement”) is made and entered into as of January 1, 2008 (the “Effective
Date”), by and between Echo Global Logistics, Inc., a  Delaware
Corporation (the “Company”), and Scott Pettit
(“Pettit”).

 

1.                                       Employment, Position and Duties.  The Company agrees to employ Pettit, and
Pettit agrees to be employed by the Company, upon the terms and conditions of
this Agreement. Pettit shall be employed by the Company as the Company’s Chief
Financial Officer reporting to the Chief Executive Officer and to the Board of
Directors of the Company (the “Board”). In this capacity, Pettit agrees to
devote his full time, energy and skill to the faithful performance of his
duties herein, and shall perform the duties and carry out the responsibilities
assigned to him to the best of his ability and in a diligent, businesslike and
efficient manner. Pettit’s duties shall include all those duties customarily
performed by a Chief Financial Officer, as well as those additional duties
commensurate with his position as Chief Financial Officer that may be
reasonably assigned by the CEO and the Board. Pettit shall comply with any
policies and procedures established for Company employees, including without
limitation, those policies and procedures contained in the Company’s employee
handbook previously delivered to Pettit.

 

2.                                       Director Meetings.  At the invitation of the Board, Pettit shall
be entitled to attend all meetings of the Board; provided, that the Directors
may exclude Pettit from all or any portion of a meeting if the Directors
believes in good faith that such exclusion is reasonably necessary for the
effective conduct of business by the Board or management of the Company or to
preserve the confidentiality or privileged nature of certain information.

 

3.                                       Term of Employment.  This Agreement shall become effective upon
the Effective Date. The term of this Agreement shall commence on December 27,
2007 and shall expire on December 27, 2012 unless earlier terminated by
either party, in accordance with the terms of this Agreement and/or the
following sentence. This Agreement may be terminated by Pettit or by the
Company, at any time, with or without Cause (as defined below). Upon the
termination of Pettit’s employment with the Company for any reason, neither
party shall have any further obligation or liability under this Agreement to
the other party, except as set forth in Sections 6, 7, 8, 9, 10, 11 and 12 of
this Agreement.

 

4.                                       Compensation.  Pettit shall be compensated by the Company
for his services as follows:

 

(a)                                  Base Salary.  From the commencement of this Agreement
through December 27, 2008, Pettit shall be paid a base salary (“Base
Salary”) of $200,000 per year, subject to applicable withholding, in accordance
with the Company’s normal payroll procedures. In each year thereafter, Pettit’s
base salary shall increase by not less than 5% per year through December 27,
2012, subject to applicable withholding, in accordance with the Company’s
normal payroll procedures.

 

(b)                                 Benefits.  During the term of this Agreement, Pettit
shall have the right, on the same basis as other members of senior management
of the Company, to participate in and to receive benefits under any of the
Company’s executive and employee benefit plans, insurance 

 

 

programs
and/or indemnification agreements, as may be in effect from time to time,
subject to any applicable waiting periods and other restrictions. In addition,
Pettit shall be entitled to the benefits afforded to other members of senior
management under the Company’s vacation, holiday and business expense
reimbursement policies.

 

(c)                                  Bonuses.

 

(i)                                     Performance Bonus.  In addition to the Base Salary, Pettit shall
be eligible to receive an annual performance bonus (“Performance Bonus”)
targeted at 30% of his base salary and upside potential of up to one hundred
percent (100%) of his Base Salary. The Performance Bonus shall be a
discretionary bonus, determined in the sole discretion of the Board, based upon
Pettit’s performance of his duties and the Company’s financial performance, as
well certain performance targets that may be approved from time to time by the
Board. The Performance Bonus shall be paid within 45 days following the end of
each fiscal year of the Company.

 

(d)                                 Expenses.  In addition to reimbursement for business
expenses incurred by Pettit in the normal and ordinary course of his employment
by the Company pursuant to the Company’s standard business expense
reimbursement policies and procedures, the Company shall reimburse Pettit for
the full amount of his insurance costs should he elect to participate in the
Company’s insurance program(s).

 

(e)                                  Other Insurance Costs.  Company also agrees to pay the premiums for a
life insurance policy currently in effect which Pettit purchased prior to the
commencement of employment which shall not exceed $9,250 annually. Pettit shall
tender to Company invoices for premiums and Company shall make timely payments
as required. Upon termination of employment the responsibility for payment of
premiums shall revert to Pettit. Pettit reserves the right at all times to
designate the beneficiary of the policy.

 

5.                                       Stock Options.  On the Effective Date, Pettit shall be
granted one or more options (the “Options”) to purchase an aggregate of 200,000
A Common Non-Voting Shares of Stock of the Company (the “Shares”) at a purchase
price of $13.00 per Share (or such other amount as shall be determined to be
the fair market value of each Share as of the Effective Date by the independent
valuation firm to be retained by the Company in accordance with FAS 123R). The
Shares acquired upon exercise of the Options shall be subject to a right of
first refusal which shall terminate upon the completion of the Company’s
Initial Public Offering (as defined below). In the event that Pettit’s
employment with the Company is terminated, Pettit shall have ninety (90) days
following such termination to exercise any vested Options; provided, however,
that in the case of termination due to death or disability, such period shall
be six (6) months. Notwithstanding the foregoing, the Options shall not be
exercisable after the expiration of their terms. The Options shall vest as
follows: 50,000 Shares on December 27, 2007 (which options shall be
immediately exercisable); an additional 30,000 Shares on December 27,
2008; an additional 30,000 Shares on December 27, 2009; an additional
30,000 Shares on December 27, 2010; an additional 30,000 Shares on December 27,
2011; and an additional 30,000 Shares on December 27, 2012. Except as
provided herein, such Options shall be subject to the terms of the Company’s
2006 Option Plan and the option agreement provided to Pettit pursuant to the
plan, and Pettit’s receipt of the Options shall be subject to his executing
such option agreement. A 

 

2

 

copy of each
of the 2006 Option Plan and such option agreement are attached hereto as Exhibit A
and Exhibit B, respectively- The number of Shares and option price
per Share set forth in this Section 5 shall be adjusted to reflect any
Share splits or Share dividends after the Effective Date. In addition, upon
completion of an Initial Public Offering, the Options shall be exercisable for
shares of the class of common equity securities sold in such offering.

 

For purposes of this
Agreement, “Initial Public Offering” means  any initial public offering by the
Company of its common equity securities to the public pursuant to an effective
registration statement under the Securities Act of 1933, as amended (the “Securities
Act”), or any comparable statement under any similar federal law then in force,
that results in no less than $50,000,000 of net proceeds into the Company.

 

(a)                                  Conversion of Shares.  Unless the Shares shall have previously
converted in accordance with Section 5 as the result of an Initial Public
Offering, upon full vesting of all 200,000 Options specified above, and upon
Pettit exercising all of the Options, the Shares shall convert from A Common
Non-Voting Shares to A Common Shares.

 

(b)                                 Acceleration of Options.  The vesting of the Options shall accelerate,
in the proportion specified herein, in the event that, during the term of this
Agreement, there occurs the sale to any third party of at least fifty percent
(50%) of the total then-outstanding capital stock of the Company for a cash or
publicly traded stock purchase price equal to at least $13.00 (thirteen
dollars) per Share. If either of these acceleration events occur within the
first two years of this Agreement, then fifty percent (50%) of the unvested Options
shall accelerate; if either of these acceleration events occur after the first
two years of this Agreement, then seventy-five percent (75%) of the unvested
Options shall accelerate.

 

6.                                       Benefits Upon Termination.

 

(a)                                  Termination for Cause or Termination for Other than Good Reason.  In the event of the
termination of Pettit’s employment by the Company for Cause (as defined below),
the termination of Pettit’s employment by reason of his death or disability, or
the termination of Pettit’s employment by Pettit for any reason other than Good
Reason (as defined below), Pettit shall be entitled to no further compensation
or benefits from the Company other than those earned under Sections 4(a), 4(b),
and 4(c) through the date of termination, or in the case of any Options,
vested through the date of termination. Any unvested portion of the Options
shall thereupon terminate immediately.

 

For purposes of this
Agreement, a termination for “Cause” occurs if Pettit’s employment is
terminated by the Company for any of the following reasons:

 

(i)                                     his failure to perform reasonably assigned duties as Chief Financial
Officer of the Company after written notice of such failure and a thirty (30)
day period in which to remedy such failure,

 

(ii)                                  theft, dishonesty, or falsification of any employment or Company
records by Pettit;

 

3

 

(iii)                               the determination by the Board that Pettit has committed an act or
acts constituting a felony or any act involving moral turpitude; or

 

(iv)                              the determination by the Board that Pettit has engaged in willful
misconduct or gross negligence that has had a material adverse effect on the
Company’s reputation or business; or the material breach by Pettit of any
provision of this Agreement after written notice of such breach and a
reasonable opportunity to cure such breach.

 

For purposes of this
Agreement, a termination for “Good Reason” occurs if Pettit terminates his
employment for any of the following reasons:

 

(i)                                     the Company materially reduces Pettit’s duties or responsibilities
below what is customary for a Chief Financial Officer of a business that is
similar to Company without Pettit’s consent;

 

(ii)                                  the Company requires Pettit to relocate his office more than 100 miles
from the current office of the Company without his consent; or

 

(iii)                               the Company has breached the terms of this Agreement and such breach
continues for more than thirty (30) days after notice from Pettit to the
Company specifying the action which constitutes the breach and demanding its
discontinuance.

 

(b)                                 Termination Without Cause or Termination for Good Reason.  If Pettit’s employment is
terminated by the Company after December 27, 2008 for any reason other
than for Cause or by reason of his death or disability, or if Pettit’s employment
is terminated by Pettit for Good Reason, Pettit shall be entitled to:

 

(i)                                     receive continued payment of his Base Salary, less applicable
withholding, in accordance with the Company’s normal payroll procedures, for
twelve (12) months following the termination of Pettit’s employment; and

 

(ii)                                  additional vesting of 40,000 otherwise unvested Options; and

 

(iii)                               receive continued Company provided insurance benefits with the costs
borne by Company for Pettit and his dependents until such time as he has secured
comparable benefits through another organization’s benefits program; and

 

Notwithstanding anything to
the contrary herein, no payments shall be due under this Section 6(b) unless
and until Pettit shall have executed a general release and waiver of claims
against the Company, consistent with Section 4 below, and in a form
reasonably satisfactory to the Company, and the execution of such general
release and waiver shall be a condition to Pettit’s rights under this Section 6(b).

 

7.                                       Change of Control.  If, during the three (3) months prior to
the public announcement of a proposed Change of Control, or at any time within
twelve (12) months following a Change of Control, Pettit’s employment is
terminated by the Company for any reason other than Cause, or terminated by
Pettit for Good Reason, Pettit shall be entitled to, in addition to the
compensation and benefits outlined under Section 6(b) above,
immediate vesting 

 

4

 

of all
unvested Options as if Pettit’s employment had continued for the entire period
through which Pettit could have earned options prior to the termination. For
purposes of this Agreement, a “Change of Control” shall have the same meaning
as the term “Change of Control” set forth in the Company’s 2006 Option Plan.

 

8.                                       Employee Inventions and Proprietary Rights Assignment Agreement.  Pettit agrees to abide by the
terms and conditions of the Company’s standard Employee Inventions and
Proprietary Rights Assignment Agreement as executed by Pettit and attached
hereto as Exhibit C.

 

9.                                       Covenants Not to Compete or Solicit.  During Pettit’s employment and for a period
of twenty-four (24) months following the termination of Pettit’s employment for
any reason, so long as Pettit is being paid severance in accordance with the
terms of Section 6(b) above, Pettit shall not, anywhere in the
Geographic Area (as defined below), other than on behalf of Company or with the
prior written consent of Company, directly or indirectly:

 

(a)                                  perform services for (whether as an employee, agent, consultant,
advisor, independent contractor, proprietor, partner, officer, director or
otherwise), have any ownership interest in (except for passive ownership of one
percent (1%) or less of any entity whose securities have been registered under
the Securities Act or Section 12 of the Securities Exchange Act of 1934,
as amended), or participate in the financing, operation, management or control
of, any firm, partnership, corporation, entity or business that engages or
participates in a “competing business purpose” (as defined below);

 

(b)                                 induce or attempt to induce any customer, potential customer,
supplier, licensee, licensor or business relation of Company to cease doing
business with Company, or in any way interfere with the relationship between
any customer, potential customer, supplier, licensee, licensor or business
relation of Company or solicit the business of any customer or potential
customer of Company, whether or not Pettit had personal contact with such
entity; and

 

(c)                                  solicit, encourage, hire or take any other action which is intended to
induce or encourage, or has the effect of inducing or encouraging, any employee
or Independent Contractor of Company or any subsidiary of Company to terminate
his or his employment or relationship with Company or any subsidiary of the
Company, other than in the discharge of his duties as an officer of the
Company.

 

In the event that Pettit
receives a waiver of the “non-competition” provision from Company, which
Company may or may not grant in its sole discretion, Pettit agrees that he will
waive any further claim for severance and insurance benefits beginning on the
date of his employment with a new organization, provided that such new
employment is comparable to Pettit’s employment with Company in salary and
benefits.

 

For the purpose of this
Agreement, the term “competing business purpose” shall mean the sale or
provision of any transportation or logistics-related services that are
competitive with in any manner the products sold or offered by the Company
during the term of this Agreement. The term “Geographic Area” shall mean the
United States of America.

 

5

 

The covenants contained in
this Section 9 shall be construed as a series of separate covenants, one
for each county, city, state, or any similar subdivision in any Geographic
Area. Except for geographic coverage, each such separate covenant shall be
deemed identical in terms to the covenant contained in the preceding Sections.
If, in any judicial proceeding, a court refuses to enforce any of such separate
covenants (or any part thereof), then such unenforceable covenant (or such
part) shall be eliminated from this Agreement to the extent necessary to permit
the remaining separate covenants (or portions thereof) to be enforced. In the
event that the provisions of this Section 9 are deemed to exceed the time,
geographic or scope limitations permitted by applicable law, then such
provisions shall be reformed to the maximum time, geographic or scope
limitations, as the case may be, permitted by applicable laws.

 

10.                                 Equitable Remedies.  Pettit acknowledges and agrees that the
agreements and covenants set forth in Sections 8 and 9 are reasonable and
necessary for the protection of the Company’s business interests, that
irreparable injury will result to the Company if Pettit breaches any of the
terms of said covenants, and that in the event of Pettit’s actual or threatened
breach of any such covenants, the Company will have no adequate remedy at law.
Pettit accordingly agrees that, in the event of any actual or threatened breach
by Pettit of any of said covenants, the Company will be entitled to seek
immediate injunctive and other equitable relief, without bond and without the
necessity of showing actual monetary damages. Nothing in this Section 10
will be construed as prohibiting the Company from pursuing any other remedies
available to it for such breach or threatened breach, including the recovery of
any damages that it is able to prove.

 

11.                                 Dispute Resolution.  In the event of any dispute or claim relating
to or arising out of this Agreement (including, but not limited to, any claims
of breach of contract, wrongful termination or age, sex, race or other
discrimination), Pettit and the Company agree that all such disputes shall be
fully and finally resolved by binding arbitration conducted by the American
Arbitration Association in Chicago, Illinois in accordance with its National
Employment Dispute Resolution rules, as those rules are currently in
effect (and not as they may be modified in the future). Pettit acknowledges
that by accepting this arbitration provision he is waiving any right to a jury
trial in the event of such dispute. Notwithstanding the foregoing, this
arbitration provision shall not apply to any disputes or claims relating to or
arising out of the misuse or misappropriation of trade secrets or proprietary
information.

 

12.                                 Attorneys’ Fees.  Either party shall be entitled to recover
from the other party his or its his reasonable attorneys’ fees and costs if
such party prevails in an action to enforce any right arising out of this
Agreement.

 

13.                                 Governing Law.  This Agreement has been executed in the State
of Illinois, and Pettit and the Company agree that this Agreement shall be interpreted
in accordance with and governed by the laws of the State of Illinois, without
regard to its conflicts of laws principles.

 

14.                                 Successors and Assigns.  This Agreement shall inure to the benefit of
and be binding upon the Company and its successors and assigns, provided that
successor or assignee is the successor to substantially all of the assets of
the Company, or a majority of its then outstanding Shares, and that such
successor or assignee assumes the liabilities, obligations and duties of the
Company under this Agreement, either contractually or as a matter of law. In
view of the personal nature of the services to be performed under this
Agreement by Pettit, she shall 

 

6

 

not have the
right to assign or transfer any of his rights, obligations or benefits under
this Agreement, except as otherwise noted herein.

 

15.                                 Entire Agreement.  This Agreement, including its attached
Exhibits, constitutes the entire employment agreement between Pettit and the
Company regarding the terms and conditions of his employment, with the
exception of (i) those provisions of the Company’s 2006 Option Plan
incorporated by reference pursuant to Section 7, any stock option
agreement between Pettit and the Company described in Section 5. This
Agreement (including the documents described in clauses (i) and (ii) of
this Section 15) supersedes all prior negotiations, representations or
agreements between Pettit and the Company, whether written or oral, concerning
Pettit’s employment.

 

16.                                 No Conflict.  Pettit represents and warrants to the Company
that neither his entry into this Agreement nor his performance of his
obligations hereunder will conflict with or result in a breach of the terms,
conditions or provisions of any other agreement or obligation to which Pettit
is a party or by which Pettit is bound, including without limitation, any
non-competition or confidentiality agreement previously entered into by Pettit.

 

17.                                 Validity.  Except as otherwise provided in Section 9,
above, if any one or more of the provisions (or any part thereof) of this
Agreement shall be held invalid, illegal or unenforceable in any respect, the
validity, legality and enforceability of the remaining provisions (or any part
thereof) shall not in any way be affected or impaired thereby.

 

18.                                 Modification.  This Agreement may not be modified or amended
except by a written agreement signed  by
Pettit and the Company.

 

IN WITNESS WHEREOF, the
parties have executed this Agreement as of the date and year written below.

 

	
   

  	
   

  	
  Echo Global Logistics, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Date: December 19,
  2007

  	
  By:

  	
  /s/ Douglas R. Waggoner

  
	
   

  	
   

  	
  Name:

  	
  Douglas R. Waggoner

  
	
   

  	
   

  	
  Its:

  	
  Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Date: December 19,
  2007

  	
  /s/ Scott Pettit

  
	
   

  	
   

  	
  Scott Pettit

  

 

7

 

CONFIDENTIALITY AGREEMENT

 

This Confidentiality
Agreement (“Agreement”), made this 19th day of December, 2007, is intended to
formalize in writing certain understandings and procedures between Scott Pettit
(“Employee”) and Echo Global Logistics, a Delaware Limited Liability
Corporation, by and on behalf of itself and its successor companies, affiliated
companies, and assigns (hereinafter referred to collectively as “Company”), and
reiterates those understandings and procedures which have been in effect since
Employee was initially employed by and/or doing work (if such date is prior to
the above date).

 

In return for Employee’s new or continued employment
and/or payment for services rendered by Company and other good and valuable
consideration, the receipt and sufficiency of which Employee hereby
acknowledges, Employee acknowledges and agrees that:

 

1.             Duties;
At-Will Employment; No Conflict.  Employee will perform for Company such duties
as may be  designated by Company from time to
time. Employee agrees that Employee’s employment and/or independent contractor
relationship with Company is for no specified term, and may be terminated by
Company at any time, with or without cause, and with or without notice.
Similarly, Employee may terminate Employee’s employment with Company at any
time, with or without cause, and with or without notice. During Employee’s
period of employment by Company, Employee will devote their best efforts to the
interests of Company and will not engage in other employment, and will not engage
in any activities determined by Company to be detrimental to the best interests
of the Company without the prior written consent of Company.

 

2.             Compensation.  The Company shall pay to the
Employee fees as described in an offer letter signed by  Employee and Company, or as modified thereafter by Company through
written notice to Employee, for work actually performed by Employee hereunder.
Such payments shall be made according to Company’s standard payroll policy.

 

3.             Proprietary
Information.  Employee’s employment and/or independent
contractor status creates a relationship  of
confidence and trust between Company and me with respect to any information:

 

(a)           Applicable to the
business of Company; or

 

(b)           Applicable to the
business of any client or customer of Company, which may be made known to me by
Company or by  any client or
customer of Company, or learned by me in such context during the period of my
employment.

 

All
such information has commercial value in the business in which Company is
engaged and is hereinafter called “Proprietary Information.” By way of
illustration, but not limitation, Proprietary Information includes any and all
technical and non-technical information including patent, copyright, trade
secret, and proprietary information, techniques, sketches, drawings, models,
inventions, know-how, processes, apparatus, equipment, algorithms, software
programs, software source documents, and formulae related to the current,
future and proposed products and services of Company, and includes, without
limitation, respective information concerning research, experimental work,
development, design details and specifications, engineering, 

 

 

financial
information, procurement requirements, purchasing manufacturing, customer
lists, business forecasts, sales and merchandising and marketing plans and
information “Proprietary Information” also includes proprietary or confidential
information of any third party who may disclose such information to Company or
to me in the course of Company’s business.

 

4.             Ownership and Nondisclosure of Proprietary Information.  All Proprietary Information
is the sole property of Company, Company’s assigns, and Company’s
customers, and Company, Company’s assigns and Company’s customers shall be the
sole and exclusive owner of all patents, copyrights, mask works, trade secrets
and other rights in the Proprietary Information. Employee hereby does and will
assign to Company all rights, title and interest Employee may have or acquire
in the Proprietary Information. At all times, both during Employee’s employment
by Company and after termination of such employment, Employee will keep in
confidence and trust all Proprietary Information, and will not use or disclose
any Proprietary Information or anything directly relating to Proprietary
Information without the written consent of Company, except as may be necessary
in the ordinary course of performing Employee’s duties as an employee of
Company.

 

5.             Ownership and Return of Materials.  All materials (including, without limitation,
documents, drawings,  models,
apparatus, sketches, designs, lists, and all other tangible media of
expression) furnished to Employee by Company shall remain the property of
Company. Upon termination of Employee’s employment and/or independent
contractor status, or at any time on the request of Company before termination,
Employee will promptly (but no later than five (5) days after the earlier
of said termination or Company’s request) destroy or deliver to Company, at
Company’s option, (a) all materials furnished to Employee
by Company, (b) all tangible media of expression which are in Employee’s
possession and which incorporate any Proprietary Information or otherwise
relate to Company’s business, and (c) written certification of Employee’s
compliance with Employee’s obligations under this sentence.

 

6.             Innovations.  As used in this Agreement,
the term “Innovations” means all processes, machines, manufactures,  compositions of matter, improvements, inventions (whether or not
protectable under patent laws), works of authorship, information fixed in any
tangible medium of expression (whether or not protectable under copyright
laws), moral rights, mask works, trademarks, trade names, trade dress, trade
secrets, know-how, ideas (whether or not protectable under trade secret laws),
and all other subject matter protectable under patent, copyright, moral right,
mask work, trademark, trade secret or other laws, and includes without
imitation all new or useful art, combinations, discoveries, formulae,
manufacturing techniques, technical developments, discoveries, artwork,
software, and designs. “Innovations” includes “Inventions,” which is defined to
mean any inventions protected under patent laws.

 

7.             Disclosure of
Prior Innovations.  Employee has identified on Exhibit A (“Prior
Innovations”) attached hereto  all
Innovations, applicable to the business of Company or relating in any way to
Company’s business or demonstrably anticipated research and development or
business, which were conceived, reduced to practice, created, derived,
developed, or made by Employee prior to Employee’s employment with Company
(collectively, the “Prior Innovations”), and Employee represents that such list
is complete. Employee represents that Employee has no rights in any such
Innovations other than those Prior Innovations specified in Exhibit A (“Prior
Innovations”). If there is no such list on Exhibit A (“Prior Innovations”),

 

2

 

Employee
represents that Employee has neither conceived, reduced to practice, created,
derived, developed nor made any such Prior Innovations at the time of signing
this Agreement.

 

8.             Assignment of
Innovations; License of Prior Innovations.  Employee hereby agrees promptly to disclose
and  describe to Company, and Employee hereby
does and will assign to Company or Company’s designee Employee’s entire right,
title and interest in and to, (a) each of the Innovations (including
Inventions), and any associated intellectual property rights, which Employee
may solely or jointly conceive, reduce to practice, create, derive, develop or
make during the period of Employee’s employment with Company, which either (i) relate,
at the time of conception, reduction to practice, creation, derivation,
development, or making of such Innovation, to Company’s business or actual or demonstrably
anticipated research or development, or (ii) were developed on any amount
of Company’s time or with the use of any of Company’s equipment, supplies,
facilities or trade secret information, or (iii) resulted from any work
Employee performed for Company, and (b) each of the Innovations which is
not an Invention (as demonstrated by Employee by evidence meeting the clear and
convincing standard of proof), and any associated intellectual property rights,
which Employee may solely or jointly conceive, develop, reduce to practice,
create, derive, develop, or make during the period of Employee’s employment
with Company, which are applicable to the business of Company (collectively,
the Innovations identified in clauses (a) and (b) are hereinafter the
“Company Innovations”). To the extent any of the rights, title and interest in
and to Company Innovations cannot be assigned by Employee to Company, Employee
hereby grants to Company an exclusive, royalty-free, transferable, irrevocable,
worldwide license (with rights to sublicense through multiple tiers of
sublicensees) to practice such non-assignable rights, title and interest. To
the extent any of the rights, title and interest in and to Company Innovations
can be neither assigned nor licensed by Employee to Company, Employee hereby
irrevocably waives and agrees never to assert such non-assignable and
non-licensable rights, title and interest against Company or any of Company’s
successors in interest to such non-assignable and non-licensable rights.
Employee hereby grants to Company or Company’s designees a royalty free,
irrevocable, worldwide license (with rights to sublicense through multiple
tiers of sublicensees) to practice all applicable patent, copyright, moral
right, mask work, trade secret and other intellectual property rights relating
to any Prior Innovations which Employee incorporates, or permit to be
incorporated, in any Company Innovations. Notwithstanding the foregoing,
Employee agrees that Employee will not incorporate, or permit to be
incorporated, any Prior Innovations in any Company Innovations without Company’s
prior written consent.

 

9.             Future
Innovations.  Employee recognizes that Innovations or
Proprietary Information relating to Employee’s  activities
while working for Company and conceived, reduced to practice, created, derived,
developed, or made by Employee, alone or with others, within six (6) months
after termination of Employee’s employment and/or independent contractor
relationship may have been conceived, reduced to practice, created, derived,
developed, or made, as applicable, in significant part while employed by or
working for Company. Accordingly, Employee agrees that such Innovations and
Proprietary Information shall be presumed to have been conceived, reduced to
practice, created, derived, developed, or made, as applicable, during Employee’s
employment with Company and are to be promptly assigned to Company unless and
until Employee has established the contrary by written evidence satisfying the
clear and convincing standard of proof.

 

3

 

10.           Cooperation in
Perfecting Rights to Proprietary Information and Innovations.

 

(a)           Employee agrees to
perform, during and after Employee’s employment and/or independent contractor
status, all acts  deemed
necessary or desirable by Company to permit and assist Company, at Company’s
expense, in obtaining and enforcing the full benefits, enjoyment, rights and
title throughout the world in the Proprietary Information and Innovations
assigned or licensed to, or whose rights are irrevocably waived and shall not
be asserted against, Company under this Agreement. Such acts may include, but
are not limited to, execution of documents and assistance or cooperation (i) in
the filing, prosecution, registration, and memorialization of assignment of any
applicable patents, copyrights, mask work, or other applications, (ii) in  the enforcement of any applicable patents, copyrights, mask work,
moral rights, trade secrets, or other proprietary rights, and (iii) in
other legal proceedings related to the Proprietary Information or Innovations.

 

(b)           In the event that
Company is unable for any reason to secure Employee’s signature to any document
required to file,  prosecute,
register, or memorialize the assignment of any patent, copyright, mask work or
other applications or to enforce any patent, copyright, mask work, moral right,
trade secret or other proprietary right under any Proprietary Information
(including improvements thereof) or any Innovations (including derivative
works, improvements, renewals, extensions, continuations, divisionals,
continuations in part, continuing patent applications, reissues, and
reexaminations thereof), Employee hereby irrevocably designates and appoints Company
and Company’s duly authorized officers and agents as Employee’s agents and
attorneys-in-fact to act for and on Employee’s behalf and instead of Employee, (i) to
execute, file, prosecute, register and memorialize the assignment of any such
application, (ii) to execute and file any documentation required for such
enforcement, and (iii) to do all other lawfully permitted acts to further
the filing, prosecution, registration, memorialization of assignment, issuance,
and enforcement of patents, copyrights, mask works, moral rights, trade secrets
or other rights under the Proprietary Information, or Innovations, all with the
same legal force and effect as if executed by me.

 

11.           No Violation of
Rights of Third Parties.  Employee’s performance of all the terms of
this Agreement and as an  employee of
Company does not and will not breach any agreement to keep in confidence
proprietary information, knowledge or data acquired by Employee prior to
Employee’s employment with Company, and Employee will not disclose to Company,
or induce Company to use, any confidential or proprietary information or
material belonging to any previous employer or others. Employee is not a party
to any other agreement which will interfere with Employee’s full compliance
with this Agreement. Employee agrees not to enter into any agreement, whether
written or oral, in conflict with the provisions of this Agreement.

 

12.           Survival.  This Agreement (a) shall survive
Employee’s employment and/or independent contract with Company; (b) does
not in any way restrict Employee’s right or the right of Company to terminate
Employee’s employment at any time, for any reason or for no reason; (c) inures
to the benefit of successors and assigns of Company; and (d) is binding
upon Employee’s heirs and legal representatives.

 

13.           Injunctive Relief.  A breach of any of the
promises or agreements contained herein will result in irreparable  and continuing damage to Company for which there will be no 

 

4

 

adequate remedy
at law, and Company shall be entitled to injunctive relief and/or a decree for
specific performance, and such other relief as may be proper (including
monetary damages if appropriate).

 

14.           Notices.  Any notice required or
permitted by this Agreement shall be in writing and shall be delivered as  follows, with notice deemed given as indicated: (a) by personal
delivery, when delivered personally; (b) by overnight courier, upon
written verification of receipt; (c) by telecopy or facsimile
transmission, upon acknowledgment of receipt of electronic transmission; or (d) by
certified or registered mail, return receipt requested, upon verification of
receipt. Notices to  Employee shall
be sent to any address in Company’s records or such other address as Employee
may specify in writing. Notices to Company shall be sent to Company’s Human
Resources Department or to such other address as Company may specify in
writing,

 

15.           Governing Law.  This Agreement shall be
governed in all respects by the laws of the United States of America  and by the laws of the State of Illinois, as such laws are applied to
agreements entered into and to be performed entirely within Illinois between
Illinois residents. Each of the parties irrevocably consents to the exclusive
personal jurisdiction of the federal and state courts located in Illinois, as
applicable, for any matter arising out of or relating to this Agreement, except
that in actions seeking to enforce any order or any judgment of such federal or
state courts located in Illinois, such personal jurisdiction shall be
nonexclusive.

 

Any controversy, dispute,
claim or breach arising out of or relating to this Agreement shall be resolved
exclusively by final and binding arbitration to be held in Cook County,
Illinois by the American Arbitration Association (“AAA”). EACH PARTY HEREBY
IRREVOCABLY WAIVES ANY RIGHT THAT PARTY MAY HAVE TO A TRIAL OF ANY KIND,
INCLUDING A TRIAL BY JURY. The arbitration proceeding shall be governed by the
following rules:

 

(a)           Written notice of a
demand for arbitration must be mailed to the other party and the AAA within
ninety (90)  days of the occurrence of the claimed
breach or other event giving rise to the controversy or claim. Failure to make
a timely demand for arbitration shall constitute an absolute bar to the
institution of any proceedings and a waiver of the claim.

 

(b)           The demand for
arbitration shall identify the Section(s) of this Agreement alleged to
have been breached and  shall state
the issue proposed to be submitted to arbitration and the remedy sought. The
copy of the demand shall be sent to the Chicago office of the American
Arbitration Association. The discovery process related to  the arbitration proceeding shall comply with the Illinois Rules of
Civil Procedure. The arbitration proceeding shall be governed by the AAA’s
Commercial Arbitration Rules to the extent they are not inconsistent with
these provisions.

 

(c)           This arbitration
provision shall not be applicable to any controversy, dispute, claim or breach
arising out of related to this Agreement.

 

(d)           As to any dispute or
controversy which under the terms of this Agreement is a proper subject to
arbitration, no  suit at law
or in equity based on such dispute or controversy shall be instituted by either
party other than a suit to confirm, enforce, vacate, modify or correct 

 

5

 

the award of
the arbitrator as provided by law; provided, however, that this clause shall
not limit Company’s right to obtain any provisional remedy including, without
limitation, injunctive relief, write for recovery of possession or similar
relief from any court of competent jurisdiction, as may be necessary in Company’s
sole subjective judgment to protect its property rights. Any award rendered
arising out of such arbitration shall be final and binding upon the parties
hereto, and shall be entered as a final and binding judgment in any U.S. court
of law at the option of the prevailing party.

 

16.           Severability.  If any provision of this
Agreement is held by a court of law to be illegal, invalid or  unenforceable, (i) that provision shall be deemed amended to
achieve as nearly as possible the same economic effect as the original
provision, and (ii) the legality, validity and enforceability of the
remaining provisions of this Agreement shall not be affected or impaired
thereby.

 

17.           Waiver; Amendment;
Modification.  The waiver by Company of a term or provision
of this Agreement, or of a  breach
of any provision of this Agreement by me, shall not be effective unless such
waiver is in writing signed by Company. No waiver by Company of, or consent by
Company to, a breach by Employee, will constitute a waiver of, consent to or
excuse  of any other or subsequent breach by
Employee. This Agreement may be amended or modified only with the written
consent of both Employee and Company. No oral waiver, amendment or modification
shall be effective under any circumstances  whatsoever.

 

18.           Entire Agreement.  This Agreement represents my
entire understanding with Company with respect to the  subject matter of this Agreement and supersedes all previous
understandings, written or oral.

 

Employee certifies and
acknowledges that Employee has carefully read all of the provisions of this
Agreement and that Employee understands and will fully and faithfully comply
with such provisions.

 

 

	
  Echo Global Logistics LLC

  	
   

  	
   

  	
  (“Employee”)

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Authorized Person

  	
   

  	
  /s/ Scott Pettit

  
	
   

  	
   

  	
   

  
	
  Title: 

  	
  Authorized Person

  	
   

  	
  Printed Name:

  	
  Scott Pettit

  
	
   

  	
   

  	
   

  
	
  Dated:

  	
  12/19/2007

  	
   

  	
  Dated:

  	
  12/19/2007

  
							

 

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}]]