Document:

EXHIBIT 10.29

DIRECTOR COMPENSATION

Mr. and
Mrs. Gordon do not receive fees for their service on the Board of
Directors or committees. Other directors receive an annual fee of $46,000 plus
$1,250 per meeting attended. Each member of the Audit Committee receives an
annual retainer of $7,000 and each member of the Compensation Committee
receives $1,250 per meeting attended. The Chairman of the Audit Committee
receives an additional annual fee of $5,500. 
Board members are reimbursed for reasonable travel expenses in
connection with attending meetings, and, in their capacity as ambassadors of
the Company,  receive free samples of the
Company’s products at Halloween and at other times throughout the year.Exhibit 10.2

SUMMARY OF COMPENSATION ARRANGEMENTS WITH
NAMED EXECUTIVE OFFICERS

On October 16, 2006, the
Executive Compensation Committee of J.B. Hunt Transport Services, Inc. (the “Company”)
approved the following base salaries for Jerry Walton, Paul Bergant and Craig
Harper.  On October 26, 2006, the
Compensation Committee of the Company recommended and independent members of
the Board of Directors approved, the following base salaries for Wayne Garrison
and Kirk Thompson.  All base salaries
were effective as of October 15, 2006. 
The Compensation Committee approved the following other compensation
amounts (effective January 1, 2007) as indicated:

	
  

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Other Annual

  	
   

  	
  All Other

  	
   

  
	
   

  	
   

  	
  Base

  	
   

  	
  Bonus

  	
   

  	
  Compensation

  	
   

  	
  Compensation

  	
   

  
	
  Named Executive Officer

  	
   

  	
  Salary

  	
   

  	
  ($)

  	
   

  	
  ($)

  	
   

  	
  ($)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Wayne Garrison

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Chairman of the Board

  	
   

  	
  $

  	
  500,000

  	
   

  	
  (1

  	
  )

  	
  (2

  	
  )

  	
  (3

  	
  )

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Kirk Thompson

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  President and CEO

  	
   

  	
  $

  	
  630,000

  	
   

  	
  (1

  	
  )

  	
  (2

  	
  )

  	
  (3

  	
  )

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Jerry Walton

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  EVP, Finance/Administration
  and CFO

  	
   

  	
  $

  	
  372,000

  	
   

  	
  (1

  	
  )

  	
  (2

  	
  )

  	
  (3

  	
  )

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Craig Harper

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  EVP, Operations and COO

  	
   

  	
  $

  	
  345,000

  	
   

  	
  (1

  	
  )

  	
  (2

  	
  )

  	
  (3

  	
  )

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Paul Bergant

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  EVP, Marketing, CMO, President
  of Intermodal

  	
   

  	
  $

  	
  330,000

  	
   

  	
  (1

  	
  )

  	
  (2

  	
  )

  	
  (3

  	
  )

  

(1)          The Company has a performance-based bonus program that is related to
the Company’s earnings per share (EPS) for calendar year 2007.  According to the 2007 EPS bonus plan, each of
the company’s named executive officers may earn a bonus ranging from 5% to 220%
of his annual base salary.  Based on the
Company’s current expectations for 2007 EPS, each named executive officer can
be projected to earn a bonus equal to between 5% and 55% of his base salary.

(2)          The Company will reimburse each named executive officer up to $10,000
for actual expenses incurred for legal, tax and estate plan preparation
services.

(3)          The Company has a 401(k) retirement plan that includes matching
contributions on behalf of each of the named executive officers.  The plan is expected to pay each named
executive officer approximately $6,000 during 2007.Exhibit 10.4(b)

FIRST
AMENDMENT TO LEASE

The undersigned
parties are entering into this First Amendment to Lease (“Amendment”) as of
January 1, 2007.  Pursuant to an
industrial building lease dated July 29, 1998 (the “Lease”), Leonard A. Damron,
III, LLC (“Landlord”) currently leases to LKQ Atlanta, LP (formerly known as
Damron Auto Parts, L.P.) (“Tenant”) certain real property in Jenkinsburg,
Georgia, as more particularly described in Exhibit A attached to the Lease (the
“Premises”).  Tenant is considering the
construction of various improvements on the Premises but will not do so without
the assurance that it has the option to lease the Premises beyond the end of
the term of the Lease and all options to extend contained therein.

1.  Under Article XI (Options to Extend) of the
Lease, in the third and fourth lines of Section 11.1, the phrase “for three (3)
periods of five (5) years each” is hereby deleted and replaced with the phrase “for
seven (7) periods of five (5) years each”.

2.  At the end
of the Lease term (including all options to extend), all permanent alterations,
additions and improvements made by Tenant in or upon the Premises shall become
Landlord’s property and shall remain upon the Premises.

3.  All terms of the Lease that are not
specifically amended by the terms of this Amendment shall remain in full force
and effect.  In the event any conflict
arises between the terms of the Lease and the terms of this Amendment, then the
terms of this Amendment shall supersede the terms of the Lease with respect to
the subject matters described in this Amendment.

 

	
  LEONARD A. DAMRON, III, LLC

  	
   

  	
  LKQ ATLANTA, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Leonard A. Damron

  	
   

  	
   

  	
  /s/ Frank P. Erlain

  	
   

  
	
  By: Leonard A. Damron

  	
   

  	
  By: Frank P. Erlain

  
	
  Title:

  	
   

  	
  Title: VP – Finance, Controller & TreasurerExhibit 10.5(b)

FIRST
AMENDMENT TO LEASE

The undersigned
parties are entering into this First Amendment to Lease (“Amendment”) as of
January 1, 2007.  Pursuant to an
industrial building lease dated July 29, 1998 (the “Lease”), Damron Auto Parts
East, Inc. (“Landlord”) currently leases to Damron Holding Company d/b/a LKQ
Melbourne (“Tenant”) certain real property in Melbourne, Florida, as more
particularly described in Exhibit A attached to the Lease (the “Premises”).  Tenant is considering the construction of
various improvements on the Premises but will not do so without the assurance
that it has the option to lease the Premises beyond the end of the term of the
Lease and all options to extend contained therein.

1.  Under Article XI (Options to Extend) of the
Lease, in the third and fourth lines of Section 11.1, the phrase “for three (3)
periods of five (5) years each” is hereby deleted and replaced with the phrase “for
seven (7) periods of five (5) years each”.

2.  At the end
of the Lease term (including all options to extend), all permanent alterations,
additions and improvements made by Tenant in or upon the Premises shall become
Landlord’s property and shall remain upon the Premises.

3.  All terms of the Lease that are not
specifically amended by the terms of this Amendment shall remain in full force
and effect.  In the event any conflict
arises between the terms of the Lease and the terms of this Amendment, then the
terms of this Amendment shall supersede the terms of the Lease with respect to
the subject matters described in this Amendment.

 

	
  DAMRON AUTO PARTS EAST, INC.

  	
   

  	
  DAMRON HOLDING COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Leonard A. Damron

  	
   

  	
   

  	
  /s/ Frank P. Erlain

  	
   

  
	
  By: Leonard A. Damron

  	
   

  	
  By: Frank P. Erlain

  
	
  Title:

  	
   

  	
  Title: VP – Finance, Controller & TreasurerExhibit 10.6(b)

FIRST
AMENDMENT TO LEASE

The undersigned
parties are entering into this First Amendment to Lease (“Amendment”) as of
January 1, 2007.  Pursuant to an
industrial building lease dated July 29, 1998 (the “Lease”), Damron Family
Limited Partnership (“Landlord”) currently leases to LKQ Crystal River, Inc.
(formerly known as Damron Auto Parts, Inc.) (“Tenant”) certain real property in
Crystal River, Florida, as more particularly described in Exhibit A attached to
the Lease (the “Premises”).  Tenant is
considering the construction of various improvements on the Premises but will
not do so without the assurance that it has the option to lease the Premises
beyond the end of the term of the Lease and all options to extend contained
therein.

1.  Under Article XI (Options to Extend) of the
Lease, in the third and fourth lines of Section 11.1, the phrase “for three (3)
periods of five (5) years each” is hereby deleted and replaced with the phrase “for
seven (7) periods of five (5) years each”.

2.  At the end
of the Lease term (including all options to extend), all permanent alterations,
additions and improvements made by Tenant in or upon the Premises shall become
Landlord’s property and shall remain upon the Premises.

3.  All terms of the Lease that are not
specifically amended by the terms of this Amendment shall remain in full force
and effect.  In the event any conflict
arises between the terms of the Lease and the terms of this Amendment, then the
terms of this Amendment shall supersede the terms of the Lease with respect to
the subject matters described in this Amendment.

 

	
  DAMRON FAMILY LIMITED

  	
   

  	
  LKQ CRYSTAL RIVER, INC.

  
	
  PARTNERSHIP

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Leonard A. Damron

  	
   

  	
   

  	
  /s/ Frank P. Erlain

  	
   

  
	
  By: Leonard A. Damron

  	
   

  	
  By: Frank P. Erlain

  
	
  Title:

  	
   

  	
  Title: VP – Finance, Controller & Treasurer

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