Document:

Registration Rights Agreement, dated as of November 5, 2003

 Exhibit 10.3 
  
 SERVICES AGREEMENT 
  
 THIS SERVICES AGREEMENT (this “Agreement”) is made and entered into as of the 5th day of November, 2003 by and between Union Pacific Corporation, a Utah corporation, including all of its subsidiaries and affiliates (“UPC”), and
Overnite Corporation, a Virginia corporation, including all of its now or hereafter existing subsidiaries and affiliates (“Overnite”). 
  
 WHEREAS, UPC intends to sell its entire interest in Overnite Holding, Inc., a Delaware corporation (“OHI”), in connection with an
underwritten initial public offering (the closing of which is hereafter referred to as the “Offering”); 
  
 WHEREAS, immediately prior to the Offering, Overnite will acquire from UPC all of the outstanding common stock of OHI in exchange for, inter
alia, all of the outstanding common stock of Overnite (the “Divestiture Transaction”), such that OHI will become a wholly-owned subsidiary of Overnite and, immediately following the Offering, Overnite will be a publicly-owned
company; 
  
 WHEREAS, Overnite Transportation Company, a
Virginia corporation (“OTC”), and Motor Cargo Industries, Inc., a Utah corporation (“Motor Cargo”), each a wholly-owned, indirect subsidiary of OHI, will each become a wholly-owned, indirect subsidiary of Overnite immediately
following the Divestiture Transaction; 
  
 WHEREAS, UPC
historically provided certain corporate and administrative services to its subsidiaries, including OHI, OTC, and Motor Cargo; and 
  
 WHEREAS, UPC and Overnite desire that UPC continue to provide certain services to Overnite and its subsidiaries following the Offering and the
Divestiture Transaction pursuant to the terms and conditions of this Agreement. 
  
 NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties to
this Agreement, intending to be bound hereby, agree as follows: 
  
 1. Services. Following the Offering and the Divestiture Transaction, UPC will provide or cause to be provided to Overnite, those corporate and administrative services described in Exhibit A hereto (the
“Services”), as requested by Overnite from time to time. The scope of the Services may be adjusted by the mutual agreement of the parties hereto. 
  
 2. Charges for Services. As consideration for the Services provided hereunder, Overnite agrees to pay the following fees and expenses to
UPC: 
  
 (a) Fees for Services performed for
Overnite by a vendor, contractor or similar third party (other than UPC) shall be equal to the final invoiced costs charged by such third party to UPC for the performance of such Services. With respect to all other Services provided by UPC, Overnite
will pay to UPC a fee equivalent to $150 per hour, which includes, without limitation, a reasonable allocation of direct and indirect overhead costs (including, without limitation, employee salaries, benefits and other costs) In addition, Overnite
will pay reasonable travel and other out-of-pocket expenses incurred in connection therewith. All travel and out-of-pocket expenses of UPC made in accordance with the then effective policies of UPC governing such expenses will be deemed reasonable
and may not be subject to any dispute. Notwithstanding the foregoing, the parties agree that there shall not be any charges for Incidental Services provided directly by UPC. For purposes of this Agreement, the term Incidental Services shall mean
advice or assistance provided to Overnite by UPC via telephone or electronic mail 

 (excluding the preparation or review by UPC of any agreements or other documents delivered by or included
in any electronic mail) which shall not exceed a total of five hours per month for each of the service categories set forth on Exhibit A hereto. 
  
 (b) If any additional Services not specifically provided for herein are provided to Overnite by UPC, Overnite will pay the fees and
expenses for such services in accordance with Section 2(a) of this Agreement. 
  
 3. Payments. 
  
 (a) UPC shall submit to Overnite by the 10th working day of each quarter an invoice for all charges associated with Services provided during the preceding quarter, including any other amounts payable in respect of the
preceding quarter. All invoices shall describe in reasonable detail the Services provided and the charges associated therewith, any related adjustments and any other amounts that are payable. Except as provided in subparagraph (b) below, Overnite
shall remit payment in full for all charges invoiced on or before the last business day of the month in which the invoice is received. Payment of all invoices shall be made by wire transfer of immediately available funds to an account or accounts
designated by UPC. Any late payment shall bear interest at the rate of 0.5% per month or fraction thereof until paid. 
  
 (b) In the event of a dispute as to an invoiced amount, Overnite shall promptly pay all undisputed amounts, but shall be entitled to
withhold amounts in dispute, and shall promptly notify UPC of such dispute and the basis therefor. The parties agree to provide each other with sufficient records and information to resolve such dispute and, without limiting the rights and remedies
of the parties hereunder, to negotiate in good faith a resolution thereto. Notwithstanding this clause (b), the late payment interest provision in Section 3(a) shall apply to all such withheld amounts that are ultimately determined to be due and
payable, which amounts, including any interest, shall be promptly remitted to UPC in the manner provided herein. 
  
 (c) In the event that UPC provides to Overnite any one-time services not contemplated by this Agreement, UPC may invoice Overnite
separately for all reasonable fees and expenses for such services, which fees and expenses will be calculated in accordance with Section 2(a) of this Agreement. In connection with such one-time or other similar extraordinary projects or services
undertaken or provided by UPC, UPC may invoice Overnite separately for such services on a monthly basis on the first business day of each month and Overnite shall remit payment in full for all fees invoiced on or before the last business day of the
month in which the invoice is received, subject to the invoicing provisions set forth in Sections 3(a) and 3(b) above. 
  
 4. Term of Agreement. The term of this Agreement shall commence immediately following the Offering and the Divestiture Transaction and shall
continue for a period of 18 months unless terminated by agreement of the parties hereto (except with respect to the services identified in Paragraph 7 of Exhibit A, which shall be provided until December 31, 2004). Notwithstanding the foregoing this
Agreement shall become terminable (i) at any time by Overnite upon delivery of written notice to UPC with respect to any Services or any part thereof or (ii) by UPC immediately upon the acquisition by any third party (including any group of
investors or acquirors acting in concert with the intent to acquire or acquire control of Overnite) of all or substantially all of the assets of Overnite or a majority of the issued and outstanding common stock of Overnite or that amount of any
other voting security or securities of Overnite that would constitute a majority of the voting securities of Overnite or other similar disposition or transaction. Termination under this Section 4 or otherwise shall have no effect on the obligations
of the parties to provide Services prior to the effective date of such termination or to make payments in respect of charges incurred in connection therewith or which relate to events occurring prior to such date. 
  

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 5. Performance of Services. 
  
 (a) UPC shall perform the Services or cause the Services to be performed with the same degree of care,
skill, timeliness and prudence customarily exercised with respect to its own operations. It is understood and agreed that the Services will be substantially identical in nature and quality to the Services performed by UPC for OHI and its
subsidiaries during the year prior to the commencement of the term of this Agreement, except with respect to such services required to effect the Divestiture Transaction and the Offering. 
  
 (b) Each party acknowledges that the Services will be
provided only with respect to the businesses of Overnite as such businesses exist immediately following the Offering and the Divestiture Transaction or as otherwise mutually agreed by the parties. Services will not be requested for the benefit of
any entity other than Overnite. Overnite agrees that it will use the Services only in accordance with all applicable federal, state and local laws, regulations and tariffs and in accordance with the reasonable conditions, rules, regulations and
specifications which are or may be set forth in any manuals, materials, documents or instructions of UPC. UPC reserves the right to take all actions, including the termination of any Services or part thereof, in order to ensure that the Services are
provided in accordance with any applicable laws, regulations and tariffs. 
  
 (c) Any input or information needed by either party to perform or utilize the Services pursuant to the provisions of this Agreement shall be provided by the other party or its subsidiaries, as the case may be, in a
manner consistent with the practices employed by the parties during the year prior to the Offering. Should the failure by Overnite to provide such input or information render the performance of the Services impossible or unreasonably difficult, UPC
may, upon reasonable notice, refuse to provide such Services. 
  
 6. Liability and Indemnification. Except as provided below, UPC and all of its directors, officers, agents and employees shall have no liability, whether direct or indirect, in contract, tort or otherwise, under this Agreement
for any damage, loss or other harm (including, without limitation, out-of-pocket expenses and fees and disbursements of counsel) of any type suffered by Overnite or any third party in connection with the performance or non-performance of this
Agreement or the Services contemplated hereby or any action or in-action of any of the indemnified parties in connection with the foregoing, except for any such damage, loss or other harm directly caused by or directly resulting from the gross
negligence or willful misconduct of UPC in connection with the performance or non-performance of this Agreement or the Services contemplated hereby or the action or inaction of any of the indemnified parties in connection with the foregoing. In the
event of a third party claim, Overnite, including its successors and assigns, for itself and on behalf of all of its subsidiaries and affiliates, including their respective successors and assigns, shall indemnify, defend and hold harmless UPC and
all of its directors, officers, agents and employees from and against any and all such damages, losses and other harms (including, without limitation, out-of-pocket expenses and fees and disbursements of counsel) caused by or arising out of the
performance or non-performance of this Agreement or the Services contemplated hereby or the actions or in-actions of any of the indemnified parties in connection with the foregoing other than any such damage, loss or other harm directly caused by or
directly resulting from the gross negligence or willful misconduct of UPC in connection with the performance or non-performance of this Agreement or the Services contemplated hereby or the actions or in-actions of any of the indemnified parties in
connection with the foregoing. The total liability of UPC under this Section 6 will not under any circumstances exceed the aggregate amount of fees paid to UPC by Overnite. Notwithstanding any other provision of this Agreement, UPC shall have no
liability for (i) any lost profits or any incidental, consequential, special, indirect or similar damages of any kind or nature whatsoever of Overnite or any third party (including the fees and expenses of counsel) or (ii) the acts or omissions of
any third party (other than UPC) that provides Services hereunder. This Section 6 shall survive the termination of this Agreement until such time as the obligations of the parties (including their respective successors and assigns) set forth in this
Section 6 have been fully satisfied. 
  

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 7. Confidentiality. The parties each agree to hold in trust and maintain confidential, and,
except as required by law or applicable rules and regulations promulgated thereunder or by court order or other legal process, not to disclose to others without first obtaining the prior written approval of the other party, any information received
by it from the other party or developed or otherwise obtained by it under this Agreement, including all information resulting from the provision or utilization of the Services hereunder (collectively, the “Information”). At the time of
termination of this Agreement in whole or in part, each party shall, within 90 days after the effective date of such termination, return to each other all written Information that it obtained and shall not retain or allow any third party to retain
photocopies or other reproductions of such Information, provided that (i) the parties may retain any Information to the extent reasonably needed to comply with applicable tax, accounting or financial reporting requirements or to resolve any legal
issues identified at the time of termination, and (ii) in the case of a partial termination of this Agreement, the parties may retain any Information required to perform or utilize any remaining Services covered by this Agreement. Alternatively,
each party may, upon receipt of the written consent of the other party, destroy such Information instead of returning the same pursuant to the foregoing sentence. The obligations set forth in this Section 7 shall not apply to any Information which
is shown by either party to be or have become knowledge generally available to the public other than through the acts or omissions of such party. 
  
 8. Assignment. Neither party shall assign or transfer any of its rights or delegate any of its obligations under this Agreement without
first obtaining the prior written consent of the other party, which consent may be withheld by such other party in its sole discretion; provided that UPC shall be permitted to cause any Services to be provided or caused to be provided by UPC through
one or more third parties selected by UPC; and provided further that the selection of any third party by UPC shall be subject to the prior written consent of Overnite (which shall not be unreasonably withheld or delayed) unless such third party
shall have provided the same or similar Services to UPC or its affiliates at any time during the 12 months immediately preceding the Offering. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their successors
and permitted assigns. 
  
 9. Notices. All notices
and other communications hereunder shall be in writing and shall be delivered in person, by United States mail, certified, return receipt requested, postage prepaid, by express mail by a nationally recognized carrier, or by facsimile transmission
(provided, if sent by facsimile transmission, such notice shall also be sent by one of the other methods provided under this section within 24 hours after initially sent by facsimile transmission) to the following: 
  
 Union Pacific Corporation 
 1416 Dodge Street 
 Omaha, Nebraska 68179-0605 
 Attn: Senior Vice President – Finance 
 Fax No.: (402) 271-4048 
  
 Overnite Corporation 
 1000 Semmes Avenue 
 Richmond, VA 23224-2246 
 Attn: Senior Vice President and Chief Financial Officer 
 Fax No.: (804) 231-8501 
  
 or to such other addresses as either party may designate from time to time in writing. The date of any notice so sent will be deemed to be the date of receipt (or
refusal), in the case of United States mail, the following business day, in the case of overnight express mail, and, in the case of facsimile transmission, upon receipt if received during the recipient’s normal business hours, or at the
beginning of the recipient’s next business day if not received during the recipient’s normal business hours. 
  

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 10. Governing Law. This Agreement shall be governed by and construed in accordance with the
laws of the State of New York, without giving effect to the principles of conflicts of laws thereof. 
  
 11. Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed an original
but all of which shall together constitute but one and the same instrument. 
  
 12. Headings. The headings and captions set forth in this Agreement are for convenience of reference only and shall not affect the construction or interpretation hereof. 
  
 13. Severability. The provisions of this Agreement are
severable and should any provisions hereof be void, voidable or unenforceable under any applicable law, such provision shall not affect or invalidate any other provision of this Agreement, which shall continue to govern the relative rights and
duties of the parties as though such void, voidable or unenforceable provision were not a part hereof. 
  
 14. Entire Agreement. This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof and
supersedes all prior and contemporaneous agreements and understandings, oral or written, with respect thereto. This Agreement may not be amended or otherwise modified or supplemented except by a written instrument duly executed by both parties. No
failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right,
power or privilege. 
  

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

							
	 UNION PACIFIC CORPORATION,
	  	 OVERNITE CORPORATION,

				
	 By:
	 	 /s/ Carl W. von Bernuth

	  	 By:
	 	 /s/ Patrick D. Hanley

	 Name:
	 	 Carl W. von Bernuth

	  	 Name:
	 	 Patrick D. Hanley

	 Title:
	 	 Senior Vice President, Secretary and General Counsel

	  	 Title:
	 	 Senior Vice President and Chief Financial Officer

  

 6 

 EXHIBIT A 
 TO

 SERVICES AGREEMENT 
  
 DESCRIPTION OF SERVICES 
  

 A-1 

 1. Financial Reporting and Accounting – UPC will provide Overnite with such historical data
maintained by UPC that may be necessary for the preparation of financial statements to the extent that either or both of Overnite and their independent auditor do not already have such historical data. Notwithstanding the foregoing or anything set
forth in this Exhibit or the Services Agreement to the contrary, UPC will not at any time be involved in the preparation of Overnite’s financial statements and SEC filings and will not provide any services that would normally be provided by the
independent auditor of a company required to submit filings to the SEC pursuant to Sections 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). 
  
 2. Internal Auditing – UPC will provide advice with respect to the structure of, and procedures applicable to,
the conduct of internal audits of Overnite related to internal accounting, administrative controls over corporate assets and operational and financial management. Notwithstanding the foregoing or anything set forth in this Agreement, UPC will not at
any time conduct any internal audits of Overnite or provide any judgments as to the adequacy of any internal audit conducted by Overnite or recommend any corrective actions to be taken by Overnite in response to the outcome of any of its internal
audits. 
  
 3. Compensation Plans – UPC will provide
advice and respond to general inquiries to Overnite with respect to the design and implementation of its stock and executive compensation plans. Notwithstanding the foregoing or anything set forth in this Agreement, UPC will not provide any
consulting services that can be obtained from a third party consultant or perform any of the functions that are normally performed by the compensation or similar committee of a company required to submit filings to the SEC pursuant to Sections 13 or
15(d) of the Securities Exchange Act of 1934, as amended. 
  
 4.
Insurance – UPC will provide advice with respect to the structure and terms of the property and liability insurance programs of Overnite. 
  
 5. Legal – UPC will respond to inquiries from Overnite with respect to matters customarily handled by the General Counsel of UPC and the staff
of the General Counsel. Notwithstanding the foregoing or anything set forth in this Agreement, UPC will not review or participate in the preparation of any of Overnite’s filings with the SEC, nor will it act as counsel to Overnite or otherwise
provide to Overnite any legal advice, assistance or services, which are of the nature that a reasonable attorney would only provide such services with an adequate professional liability insurance policy in full force and effect. 
  
 6. External Relations – UPC will provide assistance and advice to
Overnite with respect to political action committees and lobbying and legislative matters at the Federal Congressional and Executive levels. In connection with the provision of such services by UPC’s employees, UPC’s Vice President –
External Relations shall have the sole authority and discretion to determine whether such services will be provided by UPC and its employees. In addition, UPC’s Vice President—External Relations agrees to request lobbying firms or
lobbyists currently employed by UPC to provide services at their hourly rate to Overnite without requiring any additional or separate retainer. UPC will have no obligation to Overnite, if such firms or individuals refuse to provide such services.
Notwithstanding the foregoing or anything set forth in this Agreement, UPC will not be required to request any such lobbying firm or individual, including its own Governmental Relations staff, to provide services to Overnite that in the sole and
exclusive opinion of UPC conflict with, or otherwise adversely affect, the business or interests of UPC. 
  
 7. Proxy Statement – Upon request, UPC will provide Overnite with data and information maintained by UPC required to calculate certain
components of compensation administered by UPC prior to the Offering that must be reported in the Proxy Statement of Overnite to the extent that either or both of Overnite and their independent auditor do not already have such data and information.
Notwithstanding the foregoing or anything set forth in this Agreement, (a) UPC will not at any time be involved in the preparation of Overnite’s Proxy Statement or be responsible for ensuring that Overnite’s Proxy Statement complies with
applicable laws, rules and regulations or otherwise provide any services with respect to such Proxy Statement that would 
  

 A-2 

 normally be provided by the independent auditors, general counsel or other counsel of a company required to submit
filings to the SEC pursuant to Sections 13 or 15(d) of the Exchange Act and (b) Overnite shall be solely responsible for verifying such data with its employees and any other third parties maintaining information regarding the assets or compensation
of any of its employees. 
  
 8. Treasury, Banking, Pension and
Investor Relations – UPC will respond to inquiries from Overnite regarding the operation by Overnite of its Treasury, Banking, Pension and Investor Relations functions. Notwithstanding the foregoing or anything set forth in this Agreement,
UPC will not (i) provide any advice to Overnite with respect to the compliance by Overnite with applicable laws, rules, and regulations, including, without limitation, the Exchange Act or the rules or regulations promulgated thereunder, or the
advisability of any investment or financing arrangement entered into or contemplated by Overnite or on behalf of any pension plans or funds maintained by Overnite or (ii) provide any advice or assistance that could be considered or construed as
fiduciary activities for any pension plans or funds maintained by Overnite. 
  

 A-3Services Agreement, dated as of November 5, 2003

 Exhibit 10.4 
  
 COMPUTER SERVICES AGREEMENT 
  

THIS COMPUTER SERVICES AGREEMENT (this “Agreement”) is made and entered into as of the 5th day of November, 2003 (the “Effective Date”), by and between UNION PACIFIC CORPORATION, a Utah corporation (“UPC”), and OVERNITE
CORPORATION, a Virginia corporation (“Overnite”). 
  
 WHEREAS, UPC intends to sell its entire interest in Overnite Holding, Inc., a Delaware corporation (“OHI”), in connection with an underwritten initial public offering (the closing of which is hereafter referred to as the
“Offering”); 
  
 WHEREAS, immediately prior to the
Offering, Overnite will acquire from UPC all of the outstanding common stock of OHI in exchange for, inter alia, all of the outstanding common stock of Overnite (the “Divestiture Transaction”), such that OHI will become a
wholly-owned subsidiary of Overnite and, immediately following the Offering, Overnite will be a publicly-owned company; 
  
 WHEREAS, Overnite Transportation Company, a Virginia corporation (“OTC”), and Motor Cargo Industries, Inc., a Utah corporation (“Motor
Cargo”), each a wholly-owned, indirect subsidiary of OHI, and each become a wholly-owned, indirect subsidiary of Overnite immediately following the Divestiture Transaction; 
  
 WHEREAS, UPC, through its wholly-owned subsidiaries Transentric, Inc. (“Transentric”) and Union Pacific Railroad
Company (“UPRR”), has provided to its subsidiaries, including OTC, certain data center services and other miscellaneous services, including the services described herein; and 
  
 WHEREAS, UPC and Overnite desire that UPC continue to provide such services following the Divestiture Transaction and the
Offering pursuant to the terms and conditions of this Agreement; 
  
 NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties to this Agreement, intending to
be bound hereby, agree as follows: 
  
 1. Data Center
Services. UPC, through UPRR, has provided and currently provides to OTC certain data center processing services in support of certain business applications of OTC, which services are provided from UPRR’s St. Louis, Missouri data center (the
“UP Data Center”), including the following services (collectively, the “Data Center Services”): usage and non-usage based services for the current mainframe central processing unit and any successors, applications services,
decision support services, and associated support services, including without limitation direct access storage devices, print, tape mounts, and overhead. 
  
 2. Agilink Services. Transentric LLC, a subsidiary of UPC, has provided and currently provides OTC with certain messaging services, autofax
services, mapping services, and Kleinschmidt bill services, pursuant to that certain letter agreement, dated February 20, 2003 (the “Agilink Letter”), between Transentric and OTC (collectively, the “Agilink Services”).

  
 3. Office Space. UPC has provided and currently
provides OTC with office space in its facility located at 7930 Clayton Road, St. Louis, Missouri (the “Clayton Facility”), for up to six (6) OTC employees, along with necessary equipment and utilities, including without limitation, desks,
office supplies, electricity, phone lines, data lines, use of office equipment (such as fax and copy machines), and trash removal and janitorial services (hereinafter referred to as “Office Space and Related Equipment and Services”).

 4. Continued Provision of Services. UPC shall provide or cause to be provided the Data Center
Services, the Agilink Services, and the Office Space and Related Equipment and Services (collectively, the “Services”) to Overnite and its subsidiaries pursuant to the terms and conditions set forth herein. UPC shall provide Services of at
least the same nature and quality as the similar services that it has provided to OTC during the year prior to the Effective Date of this Agreement, and shall perform the Services with at least the same degree of care, skill, timeliness and prudence
that it exercises with respect to its own operations. The provision of Agilink Services will be governed solely by the Agilink Letter. The availability of the systems used in providing the Data Center Services and UPC’s response times related
to provision of the Data Center Services shall meet or exceed the standards to be agreed to between UPC and Overnite. UPC agrees to cooperate in good faith with Overnite to plan and evaluate upgrades related to the Data Center Services and the
relocation of OTC’s data center to Richmond, Virginia. In the event that Overnite requires any additional services not contemplated hereby, Overnite shall deliver a written request for such services, and UPC will determine in its sole judgment
whether it will provide such additional requested services. The rate for such additional services shall be determined in accordance with Section 6 of this Agreement. 
  
 5. Term. 
  
 A. UPC shall provide the Services from the Effective Date through December 31, 2004. Notwithstanding the foregoing, Overnite shall have the option to
terminate this Agreement as to one or more of the particular Services by providing UPC with sixty (60) days’ written notice thereof. UPC agrees to assist Overnite with the transitioning of Services in accordance with the terms and conditions of
this Agreement. Overnite shall have the option to extend this Agreement and the provision of some or all of the Services through December 31, 2005 by providing UPC with written notice of such intent on or before June 30, 2004. In the event that
Overnite does not exercise its option to extend, then this Agreement shall terminate on December 31, 2004. In the event that Overnite does exercise its option to extend, then this Agreement shall terminate on December 31, 2005. 
  
 B. Notwithstanding the foregoing, the following terms apply to specific
Services: 
  
 (1) UPC agrees to provide the Office Space and
Related Equipment and Services until the earlier to occur of (A) notice of termination of these services by OTC or (B) one month prior to the date on which UPC moves its mainframe data center operations from the UP Data Center. 
  
 (2) UPC will provide the Data Center Services until such time as Overnite
completes its Richmond data center, which will not be later than one month prior to the date on which UPC moves its mainframe data center operations from the UP Data Center. UPC will provide Overnite notice of the estimated actual moving date, which
in no event shall be provided later than 30 days prior to such date. Notwithstanding the foregoing, UPC will provide Teradata services (the “Teradata Services”) to Overnite until December 31, 2005 unless Overnite sooner terminates such
services by providing written notice to UPC. 
  
 C. Overnite
hereby covenants and agrees that its new data center in Richmond will be completed on or before the date that is one month prior to the date on which UPC moves its mainframe data center operations from the UP Data Center. UPC will provide Overnite
notice of the estimated actual moving date, which in no event shall be provided later than 30 days prior to such moving date. 
  
 D. This Agreement shall become terminable by UPC immediately upon the acquisition by any third party (including any group of investors or acquirors acting
in concert with the intent to acquire, or acquire control of, Overnite) of all or substantially all of the assets of Overnite or a majority of the issued and outstanding common stock of Overnite or that amount of any other voting security or
securities of Overnite that would constitute a majority of the voting securities of Overnite or other similar disposition or transaction. 
  

 - 2 - 

 6. Fees. Rates for the Services provided during 2003 are set forth on Appendices A and B to this
Agreement. All items on Appendices A and B that are invoiced on a pass-through basis will be invoiced on the same basis for any such services that are provided pursuant to this Agreement after 2003. Additionally, all items on Appendices A & B
that are invoiced on a usage basis will be invoiced at the rates applicable to such items for 2003 for any such Services that are provided pursuant to this Agreement after 2003. Rates for any additional services to be provided by UPC to Overnite
pursuant to Section 4 of this Agreement shall be determined by mutual agreement of the parties hereto; provided, however, that in no event will the rates for any such additional services be less than UPC’s estimated actual cost of
providing such Services or additional services. 
  
 7. Billing
and Payment. Each month during the term of this Agreement and in the first month after termination of this Agreement (or any extension thereof), UPC shall submit to Overnite an invoice containing the estimated charges for the Services for the
then current month and containing a detailed statement, for the prior month, of all of the charges for the Services. Overnite shall remit payment in full for the estimated charges, reflecting any adjustments for prior months’ charges, by wire
transfer or immediately available funds to an account designated by UPC, on or prior to the later of: (a) five (5) business days after receipt of such invoices, or (b) the end of the then current month. Overnite shall notify UPC of any good-faith
dispute with respect to an invoiced amount and the basis therefor. In the event of a dispute as to the invoiced amount, Overnite shall pay all undisputed amounts but shall be entitled to withhold amounts subject to any such dispute. In the event of
such a dispute, the parties agree to provide each other with records and information relating to such dispute and, without limiting their rights and remedies, to negotiate in good faith to attempt to resolve such dispute. 
  
 Any late payment shall be subject to any costs of collection (including
reasonable legal fees) and shall bear interest at the rate of 0.5% per month or a fraction thereof until paid. UPC shall not commence suit on collection of late payment prior to providing seven (7) days notice of its intent to commence suit to
Overnite. 
  
 8. Liability and Indemnification. Except as
provided below, UPC and all of its directors, officers, agents and employees shall have no liability, whether direct or indirect, in contract, tort or otherwise, under this Agreement for any damage, loss or other harm (including, without limitation,
out-of-pocket expenses and fees and disbursements of counsel) of any type suffered by Overnite or any third party in connection with the performance or non-performance of this Agreement or the Services contemplated hereby or the actions or
in-actions of any of the indemnified parties in connection with the foregoing, except for any such damage, loss or other harm directly caused by or directly resulting from the negligence or willful misconduct of UPC in connection with the
performance or non-performance of this Agreement or the Services contemplated hereby or the actions or inaction of any of the indemnified parties in connection with the foregoing. In the vent of a third party claim, Overnite, including its
successors and assigns, for itself and on behalf of all of its subsidiaries and affiliates, including their respective successors and assigns, shall indemnify, defend and hold harmless UPC and all of its directors, officers, agents and employees
from and against any and all such damages, losses and other harms (including, without limitation, out-of-pocket expenses and fees and disbursements of counsel) caused by or arising out of the performance or non-performance of this Agreement or the
Services contemplated hereby or the actions or in-actions of any of the indemnified parties in connection with the foregoing other than any such damage, loss or other harm directly caused by or directly resulting from the negligence or willful
misconduct of UPC in connection with the performance or non-performance of this Agreement or the Services contemplated hereby or the actions or in-actions of any of the indemnified parties in connection with the foregoing. The total liability of UPC
under this Section 8 will not under any circumstances exceed the aggregate amount of fees paid to UPC by 
  

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 Overnite. Notwithstanding any other provision of this Agreement, UPC shall have no liability for (i) any lost profits or
any incidental, consequential, special, indirect or similar damages of any kind or nature whatsoever of Overnite or any third party (including the fees and expenses of counsel), (ii) any damages, claims or other losses resulting from the acts or
omissions of any third party (other than UPC or any subsidiary of UPC) that provides Services hereunder or (iii) any damages, claims or other losses resulting from the violation by Overnite of any licenses or sub-license relating to any software or
computer programs made available to Overnite by UPC. This Section 8 shall survive the termination of this Agreement until such time as the obligations of the parties (including their respective successors and assigns) set forth in this Section 8
have been fully satisfied. 
  
 9. Licenses and Permits.
Overnite, at Overnite’s sole expense, shall be responsible for obtaining all necessary software licenses, permits and other similar arrangements required for the provision by UPC of the Services (and any additional services) due to the Offering
and Acquisition and the resulting disaffiliation of Overnite from UPC and its subsidiaries and affiliates. Overnite hereby agrees to indemnify, defend and hold harmless UPC, its subsidiaries and affiliates and their respective officers, directors
and employees from and against any harm, claims, losses or damages resulting from the failure by Overnite to obtain any licenses, permits or other similar arrangements required for the provision by UPC of the Services (and any additional services),
whether resulting from any claim, including one or more claims based on contract, warranty, tort or equity. Overnite understands and agrees that UPC (and its subsidiaries) shall be entitled to injunctive or similar relief in the event that Overnite
(or its subsidiaries) violates this Section 9 in addition to, and cumulative with, any other remedies that may be available to UPC (and its subsidiaries). UPC will cooperate in good faith to assist Overnite with securing all necessary licenses,
permits and similar arrangements. 
  
 10. Confidentiality.
For purposes hereof, “Confidential Information” means any information, in any form or medium, which relates to any component of a party’s business and which is not a matter of public record or generally known to the public, including,
without limitation, information relating to inventions; patent, trademark, and copyright applications; improvements; know-how; specifications; drawings; cost and pricing data; process flow diagrams; customer and supplier lists; bills; ideas;
concepts; financial information; plans, practices, and procedures; agreements, documents, or instruments involving the party; and any information or materials deemed or designated as confidential or proprietary by the party. Each party agrees that
during and after the term of this Agreement (or any extension thereof), unless specifically authorized by the other party in a prior writing, it shall not, directly or indirectly, disclose the other party’s Confidential Information to any
person or entity, or use the other party’s Confidential Information for its benefit. In the event that a party is requested or required to disclose the other party’s Confidential Information in connection with any legal proceeding,
interrogatory, subpoena, civil investigative demand, or similar process, that party will promptly notify the other party of the request or requirement so that the other party may seek an appropriate protective order. If, in the absence of a
protective order, a party, on the advice of counsel, is compelled by any tribunal to disclose the other party’s Confidential Information, that party shall use its best efforts to obtain an order or other assurance that confidential treatment
will be accorded to such Confidential Information required to be disclosed. Promptly upon request, or upon termination of this Agreement for any reason, each party shall return to the other party or destroy, as requested by the other party, any
materials in its possession or control that contain, embody, or reflect the other party’s Confidential Information. 
  
 11. Assignment. Neither party shall assign or transfer any of its rights or obligations under this Agreement except with the prior written consent
of the other party, which consent may be withheld by such other party in its sole discretion. This Agreement shall be binding upon and shall inure to the benefit of the parties and their successors and permitted assigns. 
  

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 12. Miscellaneous. 
  
 A. Notices. All notices and other communications hereunder shall be in writing and shall be delivered in person, by
United States mail, certified, return receipt requested, postage prepaid, by express mail by a nationally recognized carrier, or by facsimile transmission (provided, if sent by facsimile transmission, such notice shall also be sent by one of the
other methods provided under this Section 12 within 24 hours after initially sent by facsimile transmission) to the following: 
  

			
	 (i)
	  	 If to UPC:
  
 Union Pacific Corporation
 1416 Dodge Street
 Omaha, Nebraska 68179-0001
 Fax No.: (402) 271-6444
 ATTN: Senior Vice President,
 Information Technologies
  

	 (ii)
	  	 If to Overnite:
  
 Overnite Corporation
 1000 Semmes Avenue
 Richmond, Virginia 23224-2246
 Fax No.: (804) 231-8501
 ATTN: Vice President of
 Information Technologies
  

 or to such other addresses as either party may designate from time to time in writing. The date of any notice so
sent will be deemed to be the date of receipt (or refusal), in the case of United States mail, the following business day, in the case of overnight express mail, and, in the case of facsimile transmission, upon receipt if received during the
recipient’s normal business hours, or at the beginning of the recipient’s next business day if not received during the recipient’s normal business hours. 
  
 B. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New
York, without giving effect to the principles of conflicts of laws thereof. 
  
 C. Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed an original but all of which shall together constitute but one and the same
instrument. 
  
 D. Headings. The headings and captions set
forth in this Agreement are for convenience of reference only and shall not affect the construction or interpretation hereof. 
  
 E. Severability. The provisions of this Agreement are severable. Should any provision of this Agreement be void, voidable, or unenforceable, this
shall not affect or invalidate any other provisions of this Agreement, which shall continue to govern the relative rights and obligations of the parties as though such void, voidable, or unenforceable provision were not a part hereof. 
  
 F. Entire Agreement; Modification; Waiver. This Agreement constitutes
the entire agreement of the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether oral or written, with respect thereto. This Agreement may not be modified or 
  

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 amended except by a subsequent written instrument duly executed by both parties. No failure or delay by any party in
exercising any right, power, or privilege hereunder shall operate as a waiver thereof. Nor shall any single or partial exercise thereof preclude any other or further exercise of any other right, power, or privilege. 
  
 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as
of the Effective Date first written above. 
  

							
	 UNION PACIFIC CORPORATION,
	  	 OVERNITE CORPORATION,

				
	 By:
	 	 /s/ Carl W. von Bernuth

	  	 By:
	 	 /s/ Patrick D. Hanley

	 Name:
	 	 Carl W. von Bernuth

	  	 Name:
	 	 Patrick D. Hanley

	 Title:
	 	 Senior Vice President, Secretary and General Counsel

	  	 Title:
	 	 Senior Vice President and Chief Financial Officer

  

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