Document:

Exhibit
10.2

EXECUTION VERSION

Published CUSIP
Number:                                        

$250,000,000

SENIOR
REVOLVING CREDIT FACILITY AGREEMENT

dated as of March
29, 2007

J.B.
HUNT TRANSPORT, INC.,

as Borrower,

J.B.
HUNT TRANSPORT SERVICES, INC.,

as Parent,

with

VARIOUS
COMMERCIAL BANKING INSTITUTIONS

as the Banks,

SUNTRUST
BANK

LASALLE
BANK NATIONAL ASSOCIATION

DEUTSCHE
BANK AG NEW YORK BRANCH

and

THE BANK
OF TOKYO-MITSUBISHI, LTD.,

as Co-Syndication
Agents,

and

BANK
OF AMERICA, N.A.,

as Administrative Agent

Arranged by:

BANC
OF AMERICA SECURITIES LLC,

as Sole Lead Arranger and Book Manager

 

 

TABLE OF
CONTENTS

	
  

  	
   

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE I

  	
   

  	
  DEFINITIONS AND INTERPRETATION

  	
   

  	
  1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1.1

  	
   

  	
  Definitions

  	
   

  	
  1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1.2

  	
   

  	
  Interpretation

  	
   

  	
  17

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE II

  	
   

  	
  COMMITTED LOANS

  	
   

  	
  18

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.1

  	
   

  	
  Commitments

  	
   

  	
  18

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.2

  	
   

  	
  Types of Committed Loans

  	
   

  	
  18

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.3

  	
   

  	
  Borrowing, Conversion and Continuation Procedures
  with Respect to Committed Loans

  	
   

  	
  19

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.4

  	
   

  	
  Availability of Funds

  	
   

  	
  20

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.5

  	
   

  	
  Satisfaction of Conditions

  	
   

  	
  20

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.6

  	
   

  	
  Currency

  	
   

  	
  20

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.7

  	
   

  	
  Increase in Commitments

  	
   

  	
  21

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.8

  	
   

  	
  Extension of Commitment Termination Date

  	
   

  	
  21

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE III

  	
   

  	
  REPAYMENT OF LOANS; NOTES EVIDENCING LOANS; INTEREST

  	
   

  	
  22

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.1

  	
   

  	
  Repayment of Loans

  	
   

  	
  22

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.2

  	
   

  	
  Notes

  	
   

  	
  22

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.3

  	
   

  	
  Interest Rates

  	
   

  	
  22

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.4

  	
   

  	
  Interest Payment Dates

  	
   

  	
  23

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.5

  	
   

  	
  Setting and Notice of Rates

  	
   

  	
  23

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.6

  	
   

  	
  Computation of Interest

  	
   

  	
  23

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.7

  	
   

  	
  Limitation on Interest

  	
   

  	
  23

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE IV

  	
   

  	
  REDUCTION OR TERMINATION OF THE COMMITMENTS;
  PREPAYMENTS

  	
   

  	
  25

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.1

  	
   

  	
  Reduction or Termination of the Commitments

  	
   

  	
  25

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.2

  	
   

  	
  Voluntary Prepayments

  	
   

  	
  25

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE V

  	
   

  	
  OTHER CREDIT TERMS

  	
   

  	
  26

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.1

  	
   

  	
  Fees; Computation of Fees

  	
   

  	
  26

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.2

  	
   

  	
  Payments

  	
   

  	
  26

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.3

  	
   

  	
  Net Payments; Tax Exemptions

  	
   

  	
  27

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.4

  	
   

  	
  Application of Certain Payments

  	
   

  	
  29

  

 

 i
 

 

TABLE OF
CONTENTS

(continued)

	
  

  	
   

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.5

  	
   

  	
  Offset

  	
   

  	
  30

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VI

  	
   

  	
  COST PROTECTION PROVISIONS AND SPECIAL PROVISIONS
  FOR EURODOLLAR RATE LOANS

  	
   

  	
  30

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.1

  	
   

  	
  Cost Protection

  	
   

  	
  30

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.2

  	
   

  	
  Basis for Determining Interest Rate Inadequate or
  Unfair

  	
   

  	
  32

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.3

  	
   

  	
  Changes in Law Rendering Certain Eurodollar Rate
  Loans Unlawful

  	
   

  	
  32

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.4

  	
   

  	
  Funding Losses

  	
   

  	
  32

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.5

  	
   

  	
  Discretion of Banks as to Manner of Funding

  	
   

  	
  33

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.6

  	
   

  	
  Replacement of Certain Banks

  	
   

  	
  33

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.7

  	
   

  	
  Conclusiveness of Statements; Survival of Provisions

  	
   

  	
  34

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VII

  	
   

  	
  REPRESENTATIONS AND WARRANTIES

  	
   

  	
  34

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.1

  	
   

  	
  Corporate Existence, Power, Authority, etc

  	
   

  	
  34

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.2

  	
   

  	
  No Violation, Breach, Default, Lien, etc

  	
   

  	
  34

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.3

  	
   

  	
  Legal Valid and Binding Obligations

  	
   

  	
  35

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.4

  	
   

  	
  Financial Statements

  	
   

  	
  35

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.5

  	
   

  	
  No Litigation; Material Contingent Liabilities

  	
   

  	
  35

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.6

  	
   

  	
  No Approvals, etc

  	
   

  	
  35

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.7

  	
   

  	
  Fire, Strike, Act of God, etc

  	
   

  	
  36

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.8

  	
   

  	
  Liens

  	
   

  	
  36

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.9

  	
   

  	
  Subsidiaries

  	
   

  	
  36

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.10

  	
   

  	
  ERISA

  	
   

  	
  36

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.11

  	
   

  	
  Investment Company

  	
   

  	
  36

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.12

  	
   

  	
  Margin Stock

  	
   

  	
  37

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.13

  	
   

  	
  Accurate Information

  	
   

  	
  37

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.14

  	
   

  	
  Taxes

  	
   

  	
  37

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.15

  	
   

  	
  Ownership of Properties, Licenses and Permits

  	
   

  	
  37

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.16

  	
   

  	
  Patents, Trademarks, etc

  	
   

  	
  38

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.17

  	
   

  	
  Environmental Matters

  	
   

  	
  38

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.18

  	
   

  	
  Compliance with Applicable Law

  	
   

  	
  38

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.19

  	
   

  	
  Solvency

  	
   

  	
  38

  

 

 ii
 

 

TABLE OF
CONTENTS

(continued)

	
  

  	
   

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VIII

  	
   

  	
  AFFIRMATIVE COVENANTS

  	
   

  	
  39

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.1

  	
   

  	
  Information

  	
   

  	
  39

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.2

  	
   

  	
  Taxes

  	
   

  	
  42

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.3

  	
   

  	
  Existence

  	
   

  	
  42

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.4

  	
   

  	
  Inspection of Properties

  	
   

  	
  42

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.5

  	
   

  	
  Books and Records

  	
   

  	
  42

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.6

  	
   

  	
  Insurance

  	
   

  	
  42

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.7

  	
   

  	
  Compliance with Applicable Law

  	
   

  	
  43

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.8

  	
   

  	
  Maintenance of Property

  	
   

  	
  43

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.9

  	
   

  	
  Ownership of the Borrower

  	
   

  	
  43

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.10

  	
   

  	
  Use of Proceeds

  	
   

  	
  43

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.10

  	
   

  	
  Internal Control Events

  	
   

  	
  43

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE IX

  	
   

  	
  NEGATIVE COVENANTS

  	
   

  	
  43

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.1

  	
   

  	
  Negative Pledge

  	
   

  	
  44

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.2

  	
   

  	
  Investments

  	
   

  	
  44

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.3

  	
   

  	
  Publicly-Rated Indebtedness

  	
   

  	
  44

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.4

  	
   

  	
  Adjusted Debt to Cash Flow Ratio

  	
   

  	
  44

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.5

  	
   

  	
  Fixed Charge Coverage Ratio

  	
   

  	
  44

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.6

  	
   

  	
  Subsidiary Debt

  	
   

  	
  44

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.7

  	
   

  	
  Letters of Credit

  	
   

  	
  44

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.8

  	
   

  	
  Subordinated Indebtedness

  	
   

  	
  44

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.9

  	
   

  	
  Merger, Sale of Assets, etc

  	
   

  	
  44

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.10

  	
   

  	
  Limitation on Restrictions on Subsidiary Dividends
  and Other Distributions

  	
   

  	
  45

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.11

  	
   

  	
  No Conflicts

  	
   

  	
  46

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.12

  	
   

  	
  Nature of Business

  	
   

  	
  46

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.13

  	
   

  	
  Transactions with Affiliates

  	
   

  	
  46

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.14

  	
   

  	
  Margin Stock

  	
   

  	
  46

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE X

  	
   

  	
  CONDITIONS PRECEDENT TO THE INITIAL EXTENSION OF
  CREDIT

  	
   

  	
  46

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10.1

  	
   

  	
  Conditions Precedent to the Initial Extension of
  Credit

  	
   

  	
  46

  

 

 iii
 

 

TABLE OF
CONTENTS

(continued)

	
  

  	
   

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE XI

  	
   

  	
  CONDITIONS PRECEDENT TO ALL EXTENSIONS OF CREDIT

  	
   

  	
  47

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  11.1

  	
   

  	
  Conditions Precedent to All Extensions of Credit

  	
   

  	
  47

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  11.2

  	
   

  	
  Conditions Precedent for the Benefit of Banks

  	
   

  	
  48

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE XII

  	
   

  	
  EVENTS OF DEFAULT

  	
   

  	
  48

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  12.1

  	
   

  	
  Events of Default

  	
   

  	
  48

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  12.2

  	
   

  	
  Effect of Event of Default

  	
   

  	
  50

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE XIII

  	
   

  	
  THE ADMINISTRATIVE AGENT AND THE BANKS

  	
   

  	
  51

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.1

  	
   

  	
  Appointment and Powers of Administrative Agent

  	
   

  	
  51

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.2

  	
   

  	
  Non-Reliance by Banks

  	
   

  	
  53

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.3

  	
   

  	
  Indemnification of Agent-Related Persons

  	
   

  	
  54

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.4

  	
   

  	
  Excess Payments

  	
   

  	
  54

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.5

  	
   

  	
  Obligations Several

  	
   

  	
  55

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.6

  	
   

  	
  Successor Administrative Agent

  	
   

  	
  55

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.7

  	
   

  	
  Administrative Agent in Individual Capacity

  	
   

  	
  56

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.8

  	
   

  	
  Notice to Holder of Notes

  	
   

  	
  56

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.9

  	
   

  	
  Delegation of Duties

  	
   

  	
  56

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.10

  	
   

  	
  Funding Reliance

  	
   

  	
  56

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.11

  	
   

  	
  Administrative Agent May File Proofs of Claim

  	
   

  	
  57

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.12

  	
   

  	
  Arranger; Other Agents

  	
   

  	
  58

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE XIV

  	
   

  	
  MISCELLANEOUS

  	
   

  	
  58

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.1

  	
   

  	
  Amendments, Etc

  	
   

  	
  58

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.2

  	
   

  	
  Payment on Non-Business Days

  	
   

  	
  59

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.3

  	
   

  	
  Further Assurances

  	
   

  	
  59

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.4

  	
   

  	
  Notices, etc.

  	
   

  	
  59

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.5

  	
   

  	
  Costs, Expenses and Taxes

  	
   

  	
  61

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.6

  	
   

  	
  Indemnification

  	
   

  	
  61

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.7

  	
   

  	
  Severability of Provisions

  	
   

  	
  62

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.8

  	
   

  	
  Confirmations

  	
   

  	
  62

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.9

  	
   

  	
  Binding Effect; Assignment

  	
   

  	
  62

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.10

  	
   

  	
  Successors and Assigns

  	
   

  	
  63

  

 

 iv
 

 

TABLE OF
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(continued)

	
  

  	
   

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.11

  	
   

  	
  Execution in Counterparts

  	
   

  	
  66

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.12

  	
   

  	
  GOVERNING LAW

  	
   

  	
  67

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.13

  	
   

  	
  CHOICE OF FORUM; CONSENT TO SERVICE OF PROCESS AND
  JURISDICTION

  	
   

  	
  67

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.14

  	
   

  	
  WAIVER OF JURY TRIAL

  	
   

  	
  67

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.15

  	
   

  	
  Headings

  	
   

  	
  68

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.16

  	
   

  	
  ENTIRE AGREEMENT

  	
   

  	
  68

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.17

  	
   

  	
  USA PATRIOT Act Notice

  	
   

  	
  68

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.18

  	
   

  	
  Treatment of Certain Information; Confidentiality

  	
   

  	
  68

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.19

  	
   

  	
  No Advisory or Fiduciary Responsibility

  	
   

  	
  68

  

 

	
  SCHEDULES

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SCHEDULE 1(a)

  	
   

  	
  —

  	
   

  	
  Banks’ Commitments

  
	
  SCHEDULE 1(b)

  	
   

  	
  —

  	
   

  	
  Banks’ Addresses

  
	
  SCHEDULE 2

  	
   

  	
  —

  	
   

  	
  Environmental Matters

  
	
  SCHEDULE 3

  	
   

  	
  —

  	
   

  	
  Litigation and Contingent Liabilities

  
	
  SCHEDULE 4

  	
   

  	
  —

  	
   

  	
  Liens

  
	
  SCHEDULE 5

  	
   

  	
  —

  	
   

  	
  Subsidiaries

  
	
  SCHEDULE 6

  	
   

  	
  —

  	
   

  	
  Pricing Matrix

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  EXHIBITS

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Exhibit A

  	
   

  	
  —

  	
   

  	
  Note

  
	
  Exhibit B

  	
   

  	
  —

  	
   

  	
  Extension of Credit Request

  
	
  Exhibit C

  	
   

  	
  —

  	
   

  	
  Parent Guaranty

  
	
  Exhibit D-1

  	
   

  	
  —

  	
   

  	
  Officer’s Certificate-Borrower

  
	
  Exhibit D-2

  	
   

  	
  —

  	
   

  	
  Officer’s Certificate-Parent

  
	
  Exhibit E

  	
   

  	
  —

  	
   

  	
  Opinion of Mitchell, Williams, Selig, Gates &
  Woodyard,

  P.L.L.C., counsel for the Borrower and the Parent

  
	
  Exhibit F

  	
   

  	
  —

  	
   

  	
  Compliance Certificate

  
	
  Exhibit G

  	
   

  	
  —

  	
   

  	
  Assignment and Assumption

  

 

 v

SENIOR
REVOLVING CREDIT FACILITY AGREEMENT

THIS SENIOR REVOLVING
CREDIT FACILITY AGREEMENT dated as of March 29, 2007 (including the Exhibits
and Schedules hereto, this “Agreement”) is by and among J.B. HUNT
TRANSPORT, INC., a Georgia corporation (the “Borrower”), J.B. HUNT
TRANSPORT SERVICES, INC., an Arkansas corporation (the “Parent”), the
banks and other financial institutions whose signatures appear on the signature
pages hereof or which hereafter become parties hereto (collectively the “Banks”
and individually a “Bank”), SUNTRUST BANK, LASALLE BANK NATIONAL
ASSOCIATION, DEUTSCHE BANK AG NEW YORK BRANCH and THE BANK OF TOKYO-MITSUBISHI,
LTD., as Co-Syndication Agents  (collectively
the “Co-Syndication Agents”), and BANK OF
AMERICA, N.A. (“Bank of America”), a national banking association, as
administrative agent for the Banks hereunder (in such capacity, the “Administrative
Agent”).

RECITALS:

WHEREAS, the Borrower has
requested the Banks to make loans to the Borrower and the Banks have agreed to
extend a revolving credit facility to the Borrower upon the terms and
conditions in this Agreement.

NOW THEREFORE, in
consideration of the premises and of the mutual covenants herein contained, the
parties hereto, intending legally to be bound hereby, do agree as follows:

ARTICLE I

DEFINITIONS AND INTERPRETATION

1.1           Definitions.  As used in this Agreement, unless the context
requires a different meaning, the following terms (whether or not underscored)
have the meanings indicated:

“Administrative Agent”
has the meaning assigned to that term in the introduction hereto.

“Affected Bank”
means a Bank that notifies the Administrative Agent under Section 6.2(b)
or Section 6.3 that it is so affected.

“Affiliate” of any
Person means (a) any other Person who, directly or indirectly, controls or is
controlled by or is under common control with such other Person or (b) in the
case of the Parent, the Borrower or any of their respective Subsidiaries, any
Person who is a director or officer of such Person or of any Person described
in the foregoing clause (a).  For
purposes of this definition, “control” (and with correlative meaning “controlled”
and “under common control”) of a Person shall mean (i) the power, direct or
indirect, (A) to vote fifty percent (50%) or more of the securities having
ordinary voting power for the election of directors of such Person or (B) to
direct or cause the direction of the management and policies of such Person,
whether by contract or otherwise, or (ii) the ownership, direct or indirect, of
ten percent (10%) or more of any class of Voting Stock of such Person (if such
class of Voting Stock is publicly held).

“Agent-Related Persons”
means Bank of America and any successor agent arising under Section 13.2,
together with their respective Affiliates (including, in the case of Bank of
America, 

 1
 

the Arranger), and the
officers, directors, employees, agents and attorneys-in-fact of such Persons
and Affiliates.

“Aggregate Outstanding
Loans” means, as at any date of determination thereof, the aggregate
principal amount of all outstanding Committed Loans hereunder.

“Agreement” has
the meaning assigned to that term in the introduction hereto.

“Applicable Law”
with respect to any Person or matter means any law, rule, regulation, judgment,
order, decree or other requirement having the force of law relating to such
Person or matter and, where applicable, any interpretation thereof by any
Governmental Authority having jurisdiction with respect thereto or charged with
the administration or interpretation thereof.

“Arranger” means
Banc of America Securities LLC.

“Assignment and
Assumption” means an Assignment and Assumption substantially in the form of
Exhibit G.

“Bank Obligations”
means all obligations of any Loan Party to the Administrative Agent or the
Banks, or any of them, howsoever created, arising or evidenced, whether direct
or indirect, absolute or contingent, joint or several, or now or hereafter
existing, or due or to become due, under or in connection with this Agreement,
the Notes, the Parent Guaranty or any other Loan Document.

“Bank of America”
has the meaning assigned to that term in the introduction hereto.

“Banks” and “Bank”
have the respective meanings assigned to those terms in the introduction
hereto.

“Base Rate” means
for any day a fluctuating rate per annum equal to the higher of (a) the
Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for
such day as publicly announced from time to time by Bank of America as its “prime
rate.”  The “prime rate” is a rate set by
Bank of America based upon various factors including Bank of America’s costs
and desired return, general economic conditions and other factors, and is used
as a reference point for pricing some loans, which may be priced at, above, or
below such announced rate.  Any change in
such rate announced by Bank of America shall take effect at the opening of
business on the day specified in the public announcement of such change.

“Base Rate Loan”
means any Committed Loan that bears interest at a rate determined by reference
to the Base Rate.

“Base Rate Margin”
means, at any time, the then applicable Base Rate Margin, determined as set
forth in the Pricing Matrix.

“Borrower” has the
meaning assigned to that term in the introduction hereto.

“Borrowing” means
a borrowing by the Borrower from the Banks pursuant to Section 2.1.

 2
 

“Borrowing Date”
means the date on which a Borrowing is, or is to be, consummated, as the
context requires.

“Business Day”
means (a) in the case of a Business Day which relates to a Eurodollar Rate
Loan, a day on which the requirements of clause (c) of this definition
are met, and, in addition, dealings are carried on in the interbank eurodollar
market and banks are open for business in London, (b) in the case of Base Rate
Loans, a day on which the requirements of clause (c) of this definition
are met and, in addition, banks are open for business in New York, and (c) in
the case of a Business Day which relates to fees and for any other purpose
under this Agreement, a day on which the Administrative Agent is open at its
address specified on Schedule 1(b) or pursuant to the provisions of Section
14.4 for the purpose of conducting commercial banking business.

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

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

“CERCLA” means the
Comprehensive Environmental Response, Compensation, and Liability Act of 1980,
(42 U.S.C. §9601 et  seq.).

“Change of Control
Event” means the earliest to occur of (a) the date of a public announcement
that a Person or group of affiliated or associated Persons other than the
current Persons who own 50% or more of the Voting Stock of the Parent (an “Acquiring
Person”) has acquired, or has obtained the right to acquire, legal or
beneficial ownership of 50% or more of the Voting Stock of the Parent, (b) the
date an Acquiring Person acquires all or substantially all of the assets of the
Parent (for purposes hereof, the term “Acquiring Person” shall not include the
Parent, any of its Subsidiaries or any employee benefit plan (or related trust)
sponsored or maintained by the Parent or any of its Subsidiaries) and (c) the
date on which a majority of the board of directors of the Borrower shall
consist of Persons other than Continuing Directors (for purposes of this
definition, “Continuing Director” means any member of the board of
directors of the Parent on the date hereof and any other member of the board of
directors of the Parent who shall be nominated or elected to succeed a
Continuing Director by at least a majority of the Continuing Directors who are
then members of the board of directors of the Parent).

“Code” means the
Internal Revenue Code of 1986.

“Commitment”, when
used with reference to any Bank at the time any determination thereof is to be
made, means the amount of such Bank’s commitment hereunder to make a Loan,
which, subject to Section 12.2, shall be the amount set forth opposite
the name of such Bank on Schedule 1(a), as amended from time to time (or
in an Assignment and Assumption), reduced by the amount of any permanent
reduction(s) in such amount pursuant to this Agreement.

 3
 

“Commitment
Termination Date” means the earlier of (i) the later of (a) March 29,
2012 and (b) if the commitments are extended pursuant to Section 2.8, such
extension of commitments as determined pursuant to such Section, and
(ii) the date on which the Total Commitment shall be terminated pursuant
to Section 4.1 or Section 12.2; provided, however, that, in
each case, if such date is not a Business Day, the Commitment Termination Date
shall be the next preceding Business Day.

“Committed Loans”
has the meaning assigned to that term in Section 2.1.

“Compliance
Certificate” means a compliance certificate, substantially in the form of Exhibit
F, duly completed.

“Debt to Cash Flow
Ratio” means the ratio, expressed as a percentage, of (a) Indebtedness
of the Parent and its Subsidiaries to (b) Cash Flow for the four Fiscal
Quarters ended on the measurement date.

“Default” means an Event of Default or an
Unmatured Event of Default.

“Default Rate” has
the meaning assigned to that term in Section 3.3.

“Disposition” has
the meaning assigned to that term in Section 9.9(b).

“Dollars” and “$”
mean lawful money of the United States of America.

“Effective Date”
means March 29, 2007.

“Eligible Assignee”
has the meaning assigned to that term in Section 14.10.

“Environmental Laws”
means all statutes and ordinances of the United States and of each jurisdiction
in which property of the Parent, the Borrower or any of their Subsidiaries is
located and the jurisdictions in which the Parent, the Borrower or any of their
Subsidiaries do business relating to the protection of human health or the
environment, including CERCLA and RCRA, and all laws governing the generation,
use, collection, treatment, storage, transportation, recovery, removal,
discharge or disposal of Hazardous Materials, and the regulations adopted and
publications promulgated pursuant thereto.

“Environmental
Requirements” means all applicable present and future Environmental Laws
and all rules, regulations, orders, decrees, permits, licenses, concessions,
franchises, or other restrictions or requirements of any Governmental Authority
relating to the protection of human health or the environment and all
applicable judicial, regulatory, or administrative decrees, judgments, or
orders relating to the protection of human health or the environment.

“ERISA” means the
Employee Retirement Income Security Act of 1974.

“Eurodollar Margin”
means, at any time, the then applicable Eurodollar Margin, determined as set
forth in the Pricing Matrix.

 4
 

“Eurodollar Office”
with respect to any Bank means the office, branch or affiliate of such Bank
designated on Schedule 1(b) or such other office(s), branch(es) or
affiliate(s) of such Bank (as designated from time to time by written notice
from such Bank to the Borrower and the Administrative Agent) which shall be
making or maintaining the Eurodollar Rate Loans of such Bank hereunder.

“Eurodollar Rate”
means for any Loan Period, the rate per annum equal to the British Bankers
Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other
commercially available source providing quotations of BBA LIBOR as designated
by the Administrative Agent from time to time) at approximately 11:00 a.m.,
London time, two Business Days prior to the commencement of such Loan Period,
for Dollar deposits (for delivery on the first day of such Loan Period) with a
term equivalent to such Loan Period.  If
such rate is not available at such time for any reason, then the “Eurodollar
Rate” for such Loan Period shall be the rate per annum determined by the
Administrative Agent to be the rate at which deposits in Dollars for delivery
on the first day of such Loan Period in same day funds in the approximate
amount of the Eurodollar Rate Loan being made, continued or converted by Bank
of America and with a term equivalent to such Loan Period would be offered by
Bank of America’s London Branch to major banks in the London interbank
eurodollar market at their request at approximately 11:00 a.m. (London time)
two Business Days prior to the commencement of such Loan Period.

“Eurodollar Rate
(Adjusted)” means, with respect to a particular Loan Period for any
Eurodollar Rate Loan, a rate per annum determined by the Administrative Agent
pursuant to the following formula:

	
  Eurodollar Rate

  (Adjusted)

  	
  =

  	
  Eurodollar Rate

  1-Eurodollar Reserve Percentage

  	
   

  

 

“Eurodollar Rate Loan”
means any Committed Loan which bears interest at a rate determined by reference
to the Eurodollar Rate (Adjusted).

“Eurodollar Reserve
Percentage” means, for any day during any Loan Period, the reserve
percentage (expressed as a decimal, carried out to five decimal places) in
effect on such day, whether or not applicable to any Bank, under regulations
issued from time to time by the FRB for determining the maximum reserve
requirement (including any emergency, supplemental or other marginal reserve
requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency
liabilities”).  The Eurodollar Rate for
each outstanding Eurodollar Rate Loan shall be adjusted automatically as of the
effective date of any change in the Eurodollar Reserve Percentage.

“Event of Default”
has the meaning assigned to that term in Section 12.1.

“Exchange Act” means the Securities Exchange
Act of 1934.

“Excluded Taxes”
has the meaning assigned to that term in the definition of the term “Taxes.”

“Exemption Agreement”
has the meaning assigned to that term in Section 5.3(b).

 5
 

“Exemption
Representation” has the meaning assigned to that term in Section 5.3(c).

“Existing Revolving
Credit Agreement” shall mean the Senior Revolving Credit Facility Agreement
dated as of April 27, 2005 by and among the Parent, the various financial
institutions that are party thereto and Bank of America, as administrative
agent.

“Extension of Credit”
means the making of a Loan.

“Extension of Credit
Request” means a notice of (a) a Borrowing, (b) a conversion of Committed
Loans from one Type of Loan to the other, or (c) a continuation of Eurodollar
Rate Loans, pursuant to Section 2.3, which, if in writing, shall be
substantially in the form of Exhibit B.

“Facility Fee”
means, at any time, the then applicable Facility Fee, determined as set forth
in the Pricing Matrix.

“Federal Funds Rate”
means, for any day, the rate per annum equal to the weighted average of the
rates on overnight Federal funds transactions with members of the Federal
Reserve System arranged by Federal funds brokers on such day, as published by
the Federal Reserve Bank of New York on the Business Day next succeeding such
day; provided that (a) if such day is not a Business Day, the Federal
Funds Rate for such day shall be such rate on such transactions on the next
preceding Business Day as so published on the next succeeding Business Day, and
(b) if no such rate is so published on such next succeeding Business Day, the
Federal Funds Rate for such day shall be the average rate (rounded upward, if
necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on
such day on such transactions as determined by the Administrative Agent.

“Fee Letter” means
that certain letter agreement dated March 1, 2007 between the Borrower and the
Administrative Agent, relating to the payment of fees to the Administrative
Agent.

“First Anniversary”
means the first anniversary of the Effective Date.

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

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

“Fixed Charge Coverage
Ratio” means for each Fiscal Quarter the ratio of (a) Net Income for the
four Fiscal Quarters then ended, after adding back, but only to the extent
previously deducted in determining Net Income and without duplication, the sum
for the four Fiscal Quarters then ended of (i) taxes on income of the Parent
and its Subsidiaries, plus (ii) Interest Expense, plus (iii)
Rentals, divided by (b) the sum for the four Fiscal Quarters then ended
of (y) Interest Expense plus (z) Rentals.

“FRB” means the
Board of Governors of the Federal Reserve System.

“Fund” has the
meaning assigned to that term in Section 14.10.

 6
 

“GAAP” means
generally accepted accounting principles as in effect from time to time (except
as otherwise provided in Section 1.2(a)) as set forth in the opinions,
statements and pronouncements of the Accounting Principles Board of the
American Institute of Certified Public Accountants, the Financial Accounting
Standards Board and such other Persons who, shall be approved by a significant
segment of the accounting profession and concurred in by the independent
certified public accountants certifying any audited financial statements of the
Borrower.

“Governmental
Authority” means any government (or any political subdivision or
jurisdiction thereof), court, bureau, agency or other governmental authority
having jurisdiction over the Borrower or any Subsidiary, or any of its or their
business, operations or properties.

“Granting Bank”
has the meaning assigned to that term in Section 14.10.

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

“Hazardous Materials”
means materials defined as “hazardous substances,” “hazardous waste” or “hazardous
constituents” or any similar term in (a) CERCLA, (b) RCRA or (c) any other
Environmental Requirements.

“Highest Lawful Rate”
has the meaning assigned to that term in Section 3.8(b).

“Impermissible
Qualification” means, relative to any opinion by the Parent’s independent
public accountants as to any financial statement of the Parent or any of its
Subsidiaries, any qualification or exception to such opinion:

(a)           which is of a “going concern” or a
similar nature;

(b)           which relates to the limited scope of
examination of matters relevant to such financial statement (other than scope
limitations included in the standard form of opinion utilized by such
accountants);

(c)           which relates to the treatment or
classification of any item in such financial statement and which, as a
condition to its removal, would require an adjustment to such item the effect
of which would be to cause the Parent to be in default of any of its
obligations under Section 9.2 through Section 9.7; or

(d)           with respect to the absence of any
material misstatement in such financial statements.

 7
 

“Indebtedness”
with respect to any Person means, without duplication, (a) all
indebtedness for borrowed money of such Person or for the deferred purchase
price of property acquired by, or for services rendered to (other than trade
payables), such Person, (b) all indebtedness of such Person created or
arising under any conditional sale or other title retention agreement with
respect to any property acquired by such Person, (c) the present value
determined in accordance with GAAP of all obligations of such Person under
Capital Leases, (d) all indebtedness for borrowed money or for the deferred
purchase price of property or services secured by any Lien upon or in any
property owned by such Person whether or not such Person has assumed or become
liable for the payment of such indebtedness for borrowed money, (e) any
asserted withdrawal liability of such Person or a commonly controlled entity to
a Multiemployer Plan, (f) all amounts of indebtedness which (x) represent
recourse liabilities of such Person with respect to Securitized Receivables
Transactions and which, (y) in accordance with GAAP, would be included on a
balance sheet of such Person in respect of any Securitized Receivables
Transactions if such facility were characterized as Indebtedness secured by
Receivables rather than as a sale of assets, (g) all Guaranties by such Person,
and (h) the present value of the minimum aggregate operating lease payments,
determined on a consolidated basis in accordance with GAAP, payable by such
Person pursuant to Long-Term Leases, discounted at 8%.

“Indemnified
Liabilities” shall have the meaning assigned to that term in Section
14.6.

“Indemnitee” shall
have the meaning assigned to that term in Section 14.6.

“Intangible Assets”
of any Person means all licenses, franchises, patents, patent applications,
trademarks, program rights, goodwill and research and development expense or
other like intangibles shown on a balance sheet of such Person, as determined
in accordance with GAAP.

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

“Internal
Control Event” means, with respect to the Parent or any Subsidiary, a
determination by management of the Parent or by the Parent’s Public Accountants
(i) that a material weakness in internal controls over financial reporting, as
described in PCAOB Auditing Standard No. 2, exists in the Parent’s or any of
its Subsidiaries’ internal control over financial reporting, or (ii) a member
of the senior management of the Parent or any of its Subsidiaries’ has
committed an act of fraud of any magnitude.

“Investment” of
any Person means any loan, advance, extension of credit, or capital
contribution to, investment in, purchase or acquisition of any stock, notes,
debt, obligations or securities of, or any other interest in, any Person.

 8
 

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

“Loan Documents”
means, collectively, this Agreement, the Notes, the Fee Letter and the Parent
Guaranty.

“Loan Party” means the Borrower or the Parent.

“Loan Period”
means, with respect to any Committed Loan, the period from the Borrowing Date
for such Committed Loan and ending (a) on the Commitment Termination Date, in
the case of a Base Rate Loan, and (b) one, two, three or six months (and if
offered by all Banks, nine or twelve months) thereafter, in the case of a
Eurodollar Rate Loan, as the Borrower shall specify in the related notice of
Borrowing and Extension of Credit Request pursuant to Section 2.3; provided,
however, that:

(i)            if the Borrower does not specify any
Loan Period for any Eurodollar Rate Loan in the related notice of Borrowing and
Extension of Credit Request pursuant to Section 2.3, such Loan Period
shall be the period starting on the Borrowing Date for such Eurodollar Rate
Loan and ending one month thereafter;

(ii)           if a Loan Period for any Eurodollar
Rate Loan would otherwise end on a day which is not a Business Day, such Loan
Period shall end on the next succeeding Business Day (unless such next
succeeding Business Day is the first Business Day of a calendar month, in which
case such Loan Period shall end on the next preceding Business Day);

(iii)          no Loan Period may end later than the
Commitment Termination Date, and if a Loan Period determined under clause
(i) above, or otherwise, would end after the Commitment Termination Date,
such Loan Period shall end on the Commitment Termination Date; and

(iv)          in the case of a Loan Period for a
Eurodollar Rate Loan, if there exists no day numerically corresponding to the
Borrowing Date for such Loan in the month in which the last day of such Loan
Period would otherwise fall, such Loan Period shall end on the last Business
Day of such month.

“Loans” and “Loan”
respectively mean (a) all loans made by the Banks or a single Bank (as the
context requires) to the Borrower pursuant to Article II, and (b) a
single such loan made by any Bank.

 9
 

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

“Majority Banks”
at the time any determination thereof is to be made and for any specific
purpose means Banks having Percentages aggregating more than 50% of the
Percentages of all Banks.

“Materially Adverse
Effect” means, relative to any occurrence of whatever nature (including any
adverse determination in any litigation, arbitration or governmental
investigation or proceeding) and after taking into account uncontested
insurance coverage and effective uncontested indemnifications with respect to
such occurrence, a materially adverse effect (a) on a consolidated basis for
the Parent and its Subsidiaries or the Borrower and its Subsidiaries, as
applicable, in accordance with GAAP, on the consolidated condition (financial
or otherwise), business, assets, liabilities (actual or contingent),
operations, properties or prospects of the Parent and its Subsidiaries or the
Borrower and its Subsidiaries, as applicable; (b) on the ability of any Loan
Party to perform any of its payment or other material obligations under this
Agreement or any other Loan Document; or (c) upon the legality, validity,
binding effect or enforceability against the Borrower or the Parent of any Loan
Document.

“Moody’s” means
Moody’s Investors Service, Inc. and any successor thereto that is a nationally
recognized debt rating agency, or, if neither Moody’s Investor Service,
Inc.  nor any such successor shall be in
the business of rating senior unsecured long-term debt, a nationally recognized
debt rating agency headquartered in the United States of America jointly selected
by the Administrative Agent and the Borrower; provided that if the
Administrative Agent and the Borrower fail to agree upon any such selection
within five (5) Business Days after notice by the Administrative Agent to the
Borrower requesting its agreement with such a selection, such selection shall
be made by the Administrative Agent.

“Multiemployer Plan”
means any “multiemployer plan” (as that term is defined under Section 3(37) of
ERISA) under which the Borrower, the Parent or any Related Person has
contributed or with respect to which the Borrower, the Parent or such Related
Person may have any liability.

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

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

(ii)           all material gains (net of expense
and taxes applicable thereto) arising from the sale, conversion or other
disposition of capital assets (i.e., assets other than 

 10
 

current assets), other than gains or losses arising
from sales in the ordinary course of business of revenue equipment;

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

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

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

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

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

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

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

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

“Notes” and “Note”
respectively mean (a) the promissory notes of the Borrower, substantially in
the form of Exhibit A, duly completed, respectively evidencing Committed
Loans made to the Borrower by the Banks, and (b) a single such promissory note.

“Notice Date” has
the meaning assigned to that term in Section 6.1(c).

“Officer’s Certificate”
means a certificate in the form of Exhibit D-1 or D-2
(appropriately completed), signed by the President, Vice President, Treasurer,
Secretary or an Assistant Secretary of a Loan Party authorized to certify as to
the matters therein set forth.

“Parent” has the
meaning assigned to that term in the introduction hereto.

“Parent Guaranty”
means that Guaranty substantially in the form of Exhibit C executed by the
Parent in favor of the Banks, and delivered to the Administrative Agent.

“Participant” has
the meaning assigned to that term in Section 14.10.

“PBGC” means the
Pension Benefit Guaranty Corporation created by Section 4002(a) of ERISA or any
successor thereto.

 

 11

“Percentage” when
used with reference to any Bank at the time any determination thereof is to be
made means a fraction, expressed as a percentage, the numerator of which shall
be the amount of such Bank’s Commitment then in effect and the denominator of
which shall be the Total Commitment then in effect; provided that if the
respective Commitments of the Banks, and the Total Commitment, have then been
terminated, the numerator of such fraction shall be the principal amount of the
Aggregate Outstanding Loans then owing to such Bank and the denominator of such
fraction shall be the principal amount of the Aggregate Outstanding Loans then
owing to all of the Banks.

“Permits” has the
meaning assigned to such term in Section 8.7.

“Permitted Investments” means any one or more
of the following:

(a)            Investments, loans and advances by
the Borrower, the Parent and their Subsidiaries in and to Subsidiaries,
including any Investment in a corporation which, after giving effect to such
Investment, will become a Subsidiary and loans and advances by a wholly-owned
Subsidiary to the Borrower or the Parent;

(b)            Investments, maturing in twelve
months or less from the date of acquisition, in direct obligations of the
United States of America, or any agency thereof;

(c)            Investments in corporate debt
obligations, maturing within twelve months or less from the date of
acquisition, which (i) are issued by (x) any of the Banks or (y) corporations
having substantially all of their assets located in the United States, and (ii)
at the time of acquisition, are accorded a rating of A, or better, by S&P
or A, or better, by Moody’s (or an equivalent rating by another nationally
recognized credit rating agency of similar standing if neither of such agencies
is then in the business of rating long-term corporate debt obligations);

(d)            Investments in commercial paper
which (i) is issued by (x) any of the Banks or (y) by corporations having
substantially all of their assets located in the United States, (ii) matures in
270 days or less from the date of acquisition and, (iii) at the time of
acquisition, is accorded a rating of A-1, or better, by S&P or P-1, or
better, by Moody’s (or an equivalent rating by another nationally recognized
credit rating agency of similar standing if neither of such agencies is then in
the business of rating commercial paper);

(e)            Investments in certificates of
deposit, maturing within twelve months or less from the date of acquisition,
(i) which are issued by (x) any of the Banks or (y) by other commercial banks
located in the United States having capital, surplus and undivided profits
aggregating more than $500,000,000, and (ii) the issuer of which, at the time
of acquisition, is accorded a rating of A, or better, by S&P or A, or
better, by Moody’s (or an equivalent rating by another nationally recognized
credit rating agency of similar standing if neither of such agencies is then in
the business of rating long-term unsecured corporate debt obligations) with
respect to its outstanding unsecured long-term indebtedness;

(f)             Investments in marketable
obligations, maturing within twelve months or less from the date of
acquisition, of any state, territory or possession of the United States of
America or any political subdivision of any of the foregoing, or the District
of 

 12
 

Columbia, which are, at the time of acquisition,
accorded a rating of AA, or better, by S&P or Aa, or better, by Moody’s (or
an equivalent rating by another nationally recognized credit rating agency of
similar standing if neither of such agencies is then in the business of rating
municipal obligations);

(g)            Investments in Receivables arising
in the ordinary course of business of the Borrower, the Parent and their
Subsidiaries;

(h)            Investments in Transplace, Inc.
existing on the Effective Date;

(i)             Investments in a Special Purpose
Subsidiary in connection with a Permitted Securitization Receivables
Transaction;

(j)             other Investments (in addition to
those permitted by the foregoing clauses (a) through (i)), provided
that the aggregate amount of all such other Investments (calculated at the
original book value or principal amount of such Investments, without regard to
gain or loss, reduced only by the amount, if any, of cash distribution and
principal repayments received with respect to such Investments), plus all Guaranties
(without dulplication for multiple Guaranties of the same obligation) at any
time held or made by the Borrower, the Parent and their Subsidiaries (other
than the Parent Guaranty) shall not at any time exceed an amount equal to ten
percent (10%) of Net Worth; and

(k)            Investments in the following types
of  auction rate securities that bear a
rating of “A” or higher by a nationally recognized credit rating agency: (a)
auction rate preferred stocks eligible for the dividend received deduction
(commonly called D.R.D. preferreds) for corporate holders and such security is
issued by a domestic or foreign corporation, (b) auction rate preferred stocks
issued by U.S. municipalities and the dividends paid on which are not taxable
by the U.S. Federal government or state governments (commonly called tax-exempt
preferreds) for the holder of the security, (c) auction rate preferred stocks
issued by corporations based in the United Kingdom and whose income received is
subject to the “US — UK Treaty on Double Taxation” (commonly called UK
Preferreds) for the United States—based holder of the security, and (d) auction
rate preferred debt and equity securities issued by domestic and foreign
corporations and the dividends paid on which are fully taxable by both the U.S.
Federal and state governments (commonly called taxable preferreds) for the
holder of the security.

“Permitted Liens” of the Borrower, the Parent
and their Subsidiaries means:

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

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

 13
 

(c)           any Lien (i) existing on any
property of any corporation at the time it becomes a Subsidiary or existing
prior to the time of acquisition upon any property acquired by the Borrower,
the Parent or any of their Subsidiaries through purchase, merger or
consolidation or otherwise, whether or not assumed by the Borrower, the Parent
or such Subsidiary, or (ii) placed upon property at the time of its
acquisition by the Borrower, the Parent or any of their Subsidiaries to secure
a portion of the purchase price thereof; provided in the case of clauses
(i) and (ii) that any such Lien shall not encumber any other property of the
Borrower, the Parent or such Subsidiary;

(d)           Liens on any property or assets of
the Borrower, the Parent or any of their Subsidiaries existing on the date
hereof as set forth on Schedule 4 and Liens, if any, which are the
subject of a Securitized Receivables Transaction but only with respect to the
Receivables sold;

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

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

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

(h)           Liens (not otherwise prohibited by
this Agreement) on any property or assets of the Borrower or any Subsidiary
acquired in each case after the Effective Date to secure Indebtedness under
Capital Leases or Indebtedness incurred at the time of acquisition of any
property to finance a portion of the purchase price thereof; provided
that such Lien attaches only to such property.

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

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

“Plan” means any
plan described in Section 4021(a) of ERISA and not excluded pursuant to Section
4021(b) thereof, under which the Borrower or any Related Person to the Borrower
has contributed or with respect to which the Borrower or such Related Person is
liable.

“Platform” has the
meaning assigned to that term in Section 8.1.

 14
 

“Pricing Matrix”
means the Pricing Matrix as set forth on Schedule 6.

“Pro Rata Distribution
Event” has the meaning assigned to that term in Section 5.4(c).

“Process Agent”
means CT Corporation System or any successor thereto.

“Public Accountant”
has the meaning assigned to that term in Section 8.1(b)(i).

“Quarterly Payment
Date” means the last Business Day of each March, June, September, and
December of each year.

“RCRA” means the
Resource Conservation and Recovery Act of 1976 (42 U.S.C. §6901 et seq).

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

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

“Recipient” has
the meaning assigned to that term in Section 5.3.

“Recipient Taxes”
has the meaning assigned to that term in Section 5.3(a).

“Register” shall
have the meaning assigned to that term in Section 14.10.

“Regulation D” has the meaning assigned to that
term in Section 6.1(a)(i).

“Related Person”
with respect to any Person means any other Person which, together with such
Person, is under common control as described in Section 414 of the Code.

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

“Reportable Event”
means a “reportable event” described in Section 4043(b) of ERISA.

 15
 

“Responsible Officer”
means the President, the Chief Financial Officer or the Treasurer of the
relevant Loan Party.

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

“S&P” means
Standard and Poor’s Ratings Services or any successor thereto that is a
nationally recognized debt rating agency, or, if neither Standard and Poor’s
Ratings Services nor any such successor shall be in the business of rating
senior unsecured long-term debt, a nationally recognized debt rating agency
headquartered in the United States of America jointly selected by the
Administrative Agent and the Borrower; provided that if the
Administrative Agent and the Borrower fail to agree upon any such selection
within five Business Days after notice by the Administrative Agent to the
Borrower requesting its agreement with such a selection, such selection shall
be made by the Administrative Agent.

“Sale-Leaseback
Transaction” means any arrangement whereby the Borrower, the Parent or any
of their Subsidiaries shall sell, transfer or otherwise dispose of any of its
property which it has owned and occupied (in the case of real property) or
owned (in the case of property other than real property), and then or
thereafter rent or lease, as lessee, such property or any part thereof (except
any such arrangements pursuant to which one or more Subsidiaries shall sell,
transfer or otherwise dispose of such property to the Borrower or the Parent
and thereafter lease such property from the Borrower or the Parent,
respectively).

“Sarbanes-Oxley”
means the Sarbanes-Oxley Act of 2002.

“SEC” means the
Securities and Exchange Commission, or any Governmental Authority succeeding to
any of its principal functions.

“Securities
Laws” means the Securities Act of 1933, the Securities Exchange Act of
1934, Sarbanes-Oxley and the applicable accounting and auditing principles,
rules, standards and practices promulgated, approved or incorporated by the SEC
or the Public Company Accounting Oversight Board, as each of the foregoing may
be amended and in effect on any applicable date hereunder.

“Securitized
Receivables Transaction” means a sale, transfer, conveyance, lease, or
assignment by Borrower, the Parent and their Subsidiaries of Receivables of the
Borrower, the Parent or any of their Subsidiaries created after the Effective
Date, in connection with any one or more transactions involving the
securitization of such Receivables.

“Senior Indebtedness”
means, at any time, the Indebtedness of the Borrower, the Parent and their
Subsidiaries which is not Subordinated Indebtedness, including any recourse
liability of the Borrower or the Parent resulting from a Securitized
Receivables Transaction.

“SPC” has the meaning assigned to that term in Section
14.10.

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

 16
 

“Subordinated
Indebtedness” means all unsecured Indebtedness of the Borrower or the
Parent which is made subordinate and junior in right of payment to the Bank
Obligations of the Borrower or the Parent, as applicable, by the inclusion in
the instrument evidencing or creating such Indebtedness or the indenture or
other instrument under which such Indebtedness is issued of subordination
provisions and terms acceptable to the Administrative Agent and the Majority Banks.

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

“Taxes” with
respect to any Person means taxes, assessments and other governmental charges
or levies imposed upon such Person, its income or any of its properties,
franchises or assets (excluding, in the case of payments made to any Bank or
the Administrative Agent, taxes imposed upon its overall net income and
franchise taxes imposed upon it by the jurisdiction under the laws of which
such Bank or Administrative Agent, as the case may be, is organized or any
political subdivision thereof and franchise taxes imposed upon it by the
jurisdiction in which such Bank’s or Administrative Agent’s lending office is
located or any political subdivision thereof, all such Taxes being “Excluded
Taxes”).

“Total Commitment” at the time any
determination thereof is to be made means the sum of the then Commitments of
the Banks.

“Type of Loan” has the meaning assigned to that
term in Section 2.2.

“Unfunded Vested
Liability” means, relative to any Plan, including any Multiemployer Plan,
at any time, the excess (if any) of (a) the present value of all vested
nonforfeitable benefits under such Plan or such Multiemployer Plan, as the case
may be, over (b) the fair market value of all Plan assets or Multiemployer Plan
assets, as the case may be, allocable to such benefits, all determined as of
the then most recent valuation date for such Plan or such Multiemployer Plan,
as the case may be, but only to the extent that such excess represents a
potential liability of any Loan Party to the PBGC, such Plan or such
Multiemployer Plan tinder Title IV of ERISA.

“Unmatured Event of
Default” means an event, act or occurrence that, with the giving of notice
or the lapse of time (or both), would become an Event of Default.

“US Person” means
any citizen, national or resident of the United States, any corporation or
other entity created or organized in or under the laws of the United States or
any political subdivision thereof or any estate or trust, in each case that is
subject to United States Federal income taxation regardless of the source of
its income.

“Utilization Fee”
has the meaning assigned to that term in Section 5.1(c).

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

 17
 

equity interests of such
Person shall have or might have voting power by reason of the happening of any
contingency).

“Welfare Plan”
means a “welfare plan,” as such term is defined in Section 3(1) of ERISA.

1.2           Interpretation.   In this Agreement and each other Loan
Document, unless a clear contrary intention appears:

(a)           accounting
terms used but not defined herein shall be construed in accordance with GAAP,
and whenever the character or amount of any asset or liability or item of
income or expense is required to be determined, or any consolidation or other
accounting computation is required to be made, for purposes hereof, such
determination or computation shall be made in accordance with GAAP; provided
that such determinations and computations with respect to financial covenants
and ratios hereunder shall be made in accordance with GAAP as applied to
statements dated December 31,  2006;

(b)           the
singular number includes the plural number and vice versa;

(c)           reference
to any Person includes such Person’s successors and assigns unless such
successors and assigns are not permitted by this Agreement, and reference to a
Person in a particular capacity excludes such Person in any other capacity or
individually;

(d)           reference
to any gender includes the other gender;

(e)           reference
to any agreement (including this Agreement and the Schedules and Exhibits
hereto), document or instrument means such agreement, document or instrument as
amended or modified and in effect from time to time in accordance with the
terms thereof and, if applicable, the terms hereof and reference to any
promissory note includes any promissory note which is an extension or renewal
thereof or in substitution or replacement therefor;

(f)            reference
to any Applicable Law means such Applicable Law as amended, modified, codified
or reenacted, in whole or in part, and in effect from time to time, including
rules and regulations promulgated thereunder;

(g)           unless
the context indicates otherwise, reference to any Article, Section,
Schedule or Exhibit in this Agreement or any other Loan Document
means such Article or Section hereof or of such other Loan
Document, as the case may be, or such Schedule or Exhibit hereto
or to such other Loan Document, as the case may be;

(h)           “hereunder,”‘
“hereof,” “hereto” and words of similar import shall be deemed references to
this Agreement or to such other Loan Document, as the case may be, as a whole
and not to any particular Article, Section or other provision
hereof or thereof;

 18
 

(i)            “including”
(and with correlative meaning “include”) means including without limiting the
generality of any description preceding such term; and

(j)            with
respect to the determination of any period of time, “from” means “from and
including” and “to” means “to but excluding.”

ARTICLE II

COMMITTED LOANS

2.1           Commitments.   Each Bank, severally and for itself alone,
on the terms and subject to the conditions hereinafter set forth, hereby agrees
to make loans (the “Committed Loans”) to the Borrower on a revolving
basis from time to time on or after the date hereof and prior to the Commitment
Termination Date in an aggregate principal amount at any one time outstanding
not to exceed such Bank’s Commitment.  
The aggregate principal amount of Committed Loans which the Banks shall
be committed to make to the Borrower on any day shall not exceed an amount
which, when added (without duplication) to the Aggregate Outstanding Loans on
such day (after giving effect to the incurrence or repayment of any outstanding
Loans on such day), would exceed the Total Commitment.   Within the foregoing limit, and subject to
the terms and conditions hereinafter set forth, the Borrower may borrow
pursuant to this Section 2.1, repay pursuant to Section 3.1,
prepay pursuant to Section 4.2, Section 6.3(c), or Section 6.6,
and reborrow in accordance with this Section 2.1.

2.2           Types of Committed Loans.   Each Committed Loan shall be either a Base
Rate Loan or a Eurodollar Rate Loan (each being herein called a “Type of
Loan”), as the Borrower shall specify in the related notice of Borrowing
pursuant to Section 2.3.

2.3           Borrowing, Conversion and
Continuation Procedures with Respect to Committed Loans.

(a)           Each
Borrowing, each conversion of Committed Loans from one Type of Loan to the
other, and each continuation of Eurodollar Rate Loans shall be made upon the
Borrower’s irrevocable notice to the Administrative Agent, which may be given
by telephone.  Each such notice must be
received by the Administrative Agent not later than 10:30 a.m., Chicago time
(i) three Business Days prior to the requested date of any Borrowing of,
conversion to or continuation of Eurodollar Rate Loans or of any conversion of
Eurodollar Rate Loans to Base Rate Loans, and (ii) on the requested date of any
Borrowing of Base Rate Loans.  Each
telephonic notice by the Borrower pursuant to this Section 2.3(a) must
be confirmed promptly by delivery to the Administrative Agent of a written
Extension of Credit Request, appropriately completed and signed by a
Responsible Officer of the Borrower. 
Each Borrowing of, conversion to or continuation of Eurodollar Rate
Loans shall be in a principal amount of $5,000,000 or a whole multiple of
$1,000,000 in excess thereof.  Each
Borrowing of or conversion to Base Rate Loans shall be in a principal amount of
$500,000 or a whole multiple of $100,000 in excess thereof.  Each Extension of Credit Request (whether
telephonic or written) shall specify (i) whether the Borrower is
requesting a Borrowing, a conversion of Committed Loans from one Type of Loan
to the other, or a continuation of Eurodollar Rate Loans, 

 19
 

(ii) the requested
date of the Borrowing, conversion or continuation, as the case may be (which
shall be a Business Day), (iii) the principal amount of Committed Loans to be
borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to
which existing Committed Loans are to be converted, and (v) if applicable, the
duration of the Loan Period with respect thereto.  If the Borrower fails to specify a Type of
Loan in an Extension of Credit Request or if the Borrower fails to give a
timely notice requesting a conversion or continuation, then the applicable
Committed Loans shall be made as, or converted to, Base Rate Loans.  Any such automatic conversion to Base Rate
Loans shall be effective as of the last day of the Loan Period then in effect
with respect to the applicable Eurodollar Rate Loans.  If the Borrower requests a Borrowing of,
conversion to, or continuation of Eurodollar Rate Loans in any such Extension
of Credit Request, but fails to specify a Loan Period, it will be deemed to
have specified a Loan Period of one month.

(b)           Following
receipt of an Extension of Credit Request, the Administrative Agent shall
promptly notify each Bank of the amount of its Percentage of the applicable
Committed Loans, and if no timely notice of a conversion or continuation is
provided by the Borrower, the Administrative Agent shall notify each Bank of
the details of any automatic conversion to Base Rate Loans described in the
preceding subsection.  In the case of a
Borrowing, each Bank shall make the amount of its Committed Loan available to
the Administrative Agent in immediately available funds at the Administrative
Agent’s Office not later than 12:00 noon, Chicago time, on the Business Day
specified in the applicable Extension of Credit Request.  Upon satisfaction of the applicable
conditions set forth in Article XI (and, if such Borrowing is the
initial Credit Extension, Article X), the Administrative Agent shall
make all funds so received available to the Borrower in like funds as received
by the Administrative Agent either by (i) crediting the account of the Borrower
on the books of Bank of America with the amount of such funds or (ii) wire
transfer of such funds, in each case in accordance with instructions provided
to (and reasonably acceptable to) the Administrative Agent by the Borrower.

(c)           Except
as otherwise provided herein, a Eurodollar Rate Loan may be continued or
converted only on the last day of a Loan Period for such Eurodollar Rate
Loan.  During the existence of a Default,
no Loans may be requested as, converted to or continued as Eurodollar Rate
Loans without the consent of the Majority Banks.

(d)           The
Administrative Agent shall promptly notify the Borrower and the Banks of the
interest rate applicable to any Loan Period for Eurodollar Rate Loans upon
determination of such interest rate.  At
any time that Base Rate Loans are outstanding, the Administrative Agent shall
notify the Borrower and the Banks of any change in Bank of America’s prime rate
used in determining the Base Rate promptly following the public announcement of
such change.

(e)           After
giving effect to all Borrowings, all conversions of Committed Loans from one
Type of Loan to the other, and all continuations of Committed Loans as the same
Type of Loan, there shall not be more than ten Loan Periods in effect with respect to Committed Loans.

 

 20

2.4           Availability of Funds.  Unless the Borrower or a Bank, as the case
may be, notifies the Administrative Agent by 11:00 a.m., Chicago time, on a
date on which it is scheduled to make payment to the Administrative Agent of
(a) in the case of a Bank, the proceeds of a Loan or (b) in the case of the
Borrower, a payment of principal, interest or fees to the Administrative Agent
for the account of the Banks, that it does not intend to make such payment, the
Administrative Agent may assume that such payment has been made.   The Administrative Agent may, but shall not
be obligated to, make the amount of such payment available to the intended
recipient in reliance upon such assumption. 
If such Bank or the Borrower, as the case may be, has not in fact made
such payment to the Administrative Agent, the recipient of such payment shall,
on demand by the Administrative Agent, repay to the Administrative Agent the
amount so made available, together with interest thereon, in respect of such
day during the period commencing on the date such amount was so made available
by the Administrative Agent until the date the Administrative Agent recovers
such amount at a rate per annum equal to (i) in the case of repayment by a
Bank, the Federal Funds Rate for such day or (ii) in the case of repayment by
the Borrower, the applicable interest rate otherwise payable by the Borrower in
respect of such Loan.

2.5           Satisfaction of Conditions.  Unless the Administrative Agent shall have
been notified by a Bank on or prior to the Borrowing Date of any Loan to be
made by such Bank (and before the Administrative Agent has disbursed such Loan
in accordance with Section 2.3 hereof) that such Bank has determined
that the Borrower has failed to meet the conditions specified in Article X
(in the case of the initial Extension of Credit) or Article XI with
respect to the relevant Borrowing, the Administrative Agent may rely (unless
the Administrative Agent has actual knowledge to the contrary) upon the
certification of the Borrower, with respect to the fulfillment of such
conditions precedent, contained in the applicable Extension of Credit Request.

2.6           Currency.   All Loans shall be denominated in Dollars.

2.7           Increase in Commitments.

(a)           Request
for Increase.  Provided there exists
no Default and there has not previously been any reduction of the Total
Commitment by the Borrower in accordance with Section 4.1 hereof, upon
notice to the Administrative Agent (which shall promptly notify the Banks), the
Borrower may from time to time, request an increase in the Total Commitment by
an amount (for all such requests) not exceeding $100,000,000; provided
that any such request for an increase shall be in a minimum amount of
$10,000,000.  At the time of sending such
notice, the Borrower (in consultation with the Administrative Agent) shall
specify the time period within which each Bank is requested to respond (which
shall in no event be less than ten Business Days from the date of delivery of
such notice to the Banks).

(b)           Bank
Elections to Increase.  Each Bank shall
notify the Administrative Agent within such time period whether or not it
agrees to increase its Commitment from the Increase Effective Date until the
Commitment Termination Date and, if so, whether by an amount equal to, greater
than, or less than its Percentage of such requested increase.  Any Bank not responding within such time
period shall be deemed to have declined to increase its Commitment.

 21
 

(c)           Notification
by Administrative Agent; Additional Banks. 
The Administrative Agent shall notify the Borrower and each Bank of the
Banks’ responses to each request made hereunder.  Thereafter, in order to achieve the full
amount of a requested increase following each Bank’s determination of whether
to increase its Commitment, and subject to the approval of the Administrative
Agent (which approval shall not be unreasonably withheld), the Borrower may
also invite additional Eligible Assignees to become Banks pursuant to a joinder
agreement in form and substance satisfactory to the Administrative Agent and its
counsel.

(d)           Effective Date and Allocations.  If the Aggregate Commitments are increased in
accordance with this Section, the Administrative Agent and the Borrower shall
determine the effective date (the “Increase Effective Date”) and the
final allocation of such increase.  The
Administrative Agent shall promptly notify the Borrower and the Banks of the
final allocation of such increase and the Increase Effective Date.

(e)           Conditions to Effectiveness of Increase.  As a condition precedent to such increase, the
Borrower shall deliver to the Administrative Agent a certificate of each Loan
Party dated as of the Increase Effective Date (in sufficient copies for each  Bank) signed by a
Responsible Officer of such Loan Party (i) certifying and attaching the resolutions
adopted by such Loan Party approving or consenting to such increase, and
(ii) in the case of the Borrower, certifying that, before and after giving
effect to such increase, (A) the representations and warranties contained in Article
VII and the other Loan Documents are true and correct on and as of the
Increase Effective Date, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true
and correct as of such earlier date, and except that for purposes of this Section
2.7, the representations and warranties contained in Section 7.4
shall be deemed to refer to the most recent statements furnished pursuant to
clauses (a) and (b), of Section 8.1, and (B) no Default exists.  The Borrower shall prepay any Committed Loans
outstanding on the Increase Effective Date (and pay any additional amounts
required pursuant to Section 6.4 together with all accrued interest,
fees and other amounts owing hereunder with respect to such prepaid amount) to
the extent necessary to keep the outstanding Committed Loans ratable with any
revised Percentages arising from any nonratable increase in the Commitments
under this Section.

(f)            Conflicting
Provisions.  This Section shall
supersede any provisions in Sections 5.4 or 14.1 to the contrary.

2.8           Extension of Commitment
Termination Date.

(a)           Requests for
Extension.  The Borrower may, by
notice to the Administrative Agent (who shall promptly notify the Banks) not
earlier than 45 days and not later than 35 days prior to the First Anniversary,
request that each Bank extend such Bank’s Commitment Termination Date for an
additional one year from the Commitment Termination Date then in effect (the “Existing
Commitment Termination Date”).

(b)           Bank
Elections to Extend.  Each Bank,
acting in its sole and individual discretion, shall, by notice to the
Administrative Agent (with a copy of such notice to the 

 22
 

Borrower) given not later
than the date (the “Notice Date”) that is 20 days prior to the First
Anniversary, advise the Administrative Agent whether or not such Bank agrees to
such extension (and each Bank that determines not to so extend its Commitment
Termination Date (a “Non-Extending Bank”) shall notify the
Administrative Agent of such fact promptly after such determination (but in any
event no later than the Notice Date) and any Bank that does not so advise the
Administrative Agent on or before the Notice Date shall be deemed to be a
Non-Extending Bank.  The election of any
Bank to agree to such extension shall not obligate any other Bank to so agree.

(c)           Notification
by Administrative Agent.  The
Administrative Agent shall notify the Borrower of each Bank’s determination
under this Section no later than the date 15 days prior to the First
Anniversary (or, if such date is not a Business Day, on the next preceding
Business Day).

(d)           Additional
Commitment Banks.  The Borrower shall
have the right to replace each Non-Extending Bank with, and add as “Banks”
under this Agreement in place thereof, one or more Eligible Assignees (each, an
“Additional Commitment Bank”) as provided in Section 6.6, provided
that each of such Additional Commitment Banks shall enter into an
Assignment and Assumption pursuant to which such Additional Commitment Bank
shall, effective as of the Existing Commitment Termination Date, undertake a
Commitment (and, if any such Additional Commitment Bank is already a Bank, its
Commitment shall be in addition to such Bank’s Commitment hereunder on such
date).

(e)           Minimum
Extension Requirement.  If (and only
if) the total of the Commitments of the Banks that have agreed so to extend
their Commitment Termination Date (each, an “Extending Bank”) and the
additional Commitments of the Additional Commitment Banks shall be more than
fifty percent (50%) of the aggregate amount of the Commitments in effect
immediately prior to the First Anniversary, then, effective as of the First
Anniversary, the Commitment Termination Date of each Extending Bank and of each
Additional Commitment Bank shall be extended to the date falling one year after
the Existing Commitment Termination Date (except that, if such date is not a
Business Day, such Commitment Termination Date as so extended shall be the next
preceding Business Day) and each Additional Commitment Bank shall thereupon
become a “Bank” for all purposes of this Agreement.

(f)            Conditions
to Effectiveness of Extensions.  As a
condition precedent to such extension, the Borrower shall deliver to the
Administrative Agent a certificate of each Loan Party dated as of the First
Anniversary (in sufficient copies for each Extending Bank and each Additional
Commitment Bank) signed by a Responsible Officer of such Loan Party (i)
certifying and attaching the resolutions adopted by such Loan Party approving
or consenting to such extension and (ii) in the case of the Borrower and the
Parent, certifying that, before and after giving effect to such extension
(A) the representations and warranties contained in Article VII and
the other Loan Documents are true and correct on and as of the First Anniversary,
except to the extent that such representations and warranties specifically
refer to an earlier date, in which case they are true and correct as of such
earlier date, and except that for purposes of this Section 2.8, 

 23
 

the
representations and warranties contained in Section 7.4 shall be deemed
to refer to the most recent statements furnished pursuant to clauses (a) and
(b) of Section 8.1, and (B) no Default exists.  In addition, on the Commitment Termination
Date of each Non-Extending Bank, the Borrower shall prepay all Committed Loans
owing to such Non-Extending Banks outstanding on such date, and further prepay
any Committed Loans then outstanding (and with each prepayment referred in this
sentence pay any additional amounts required pursuant to Section 6.4) to
the extent necessary to keep outstanding Committed Loans ratable with any
revised pro rata shares of the respective Banks effective as of such date.

(g)           Conflicting
Provisions.  This Section shall
supersede any provisions in Sections 5.4 or 14.1 to the contrary.

ARTICLE III

REPAYMENT OF LOANS; NOTES EVIDENCING LOANS; INTEREST

3.1           Repayment
of Loans.   The Borrower hereby
promises to pay the unpaid principal amount of its Loan(s) on the last day of
the Loan Period for each such Loan, which repayment may be made from the
proceeds of a new Borrowing if then permitted hereunder, and on the Commitment
Termination Date.

3.2           Notes.

(a)           The
Committed Loans of each Bank shall be evidenced by a Note in the principal
amount of the original Commitment of such Bank.

(b)           Each
Bank shall record in its records, or at its option on the schedule attached to
its applicable Note, the date and amount of each Loan made by such Bank
hereunder, each repayment or prepayment thereof, and the dates on which the
Loan Period for such Loan shall begin and end. 
Prior to any transfer or assignment of any of its Notes, each Bank shall
record on the schedule attached thereto the then outstanding principal amount
thereof and the date through which interest has been paid.  The aggregate unpaid principal amount so
recorded shall be rebuttable presumptive evidence of the principal amount owing
and unpaid on such Note.  The failure to
so record or any error in so recording any such amount on such schedule shall
not, however, limit or otherwise affect the obligations of the Borrower
hereunder or under any Note to repay the outstanding principal amount of its
Loans, together with all interest accruing thereon, nor shall such failure or
error affect the Borrower’s obligations under any other Loan Document.

3.3           Interest Rates.   The Borrower hereby promises to pay interest
calculated in Dollars on the unpaid principal amount of each Loan of each Bank
for the period from the Borrowing Date for such Loan to the date such Loan is
paid in full, as follows:

(a)           if
such Loan is a Base Rate Loan, interest at a rate per annum equal to the Base
Rate from time to time in effect plus the applicable Base Rate Margin
per annum for each day during such period; and

 24
 

(b)           if
such Loan is a Eurodollar Rate Loan, interest at a rate per annum equal to the
Eurodollar Rate (Adjusted) applicable to the Loan Period therefor plus
the applicable Eurodollar Margin per annum for each day during such period;

provided
that in the event that the principal of any Loan is not paid when due (whether
by acceleration or otherwise), such unpaid principal amount of such Loan shall
bear interest, at the option of the Majority Banks, after the due date of such
principal amount until such amount is paid in full, at a rate per annum (the “Default
Rate”) equal to two percent (2%) plus the interest rate then applicable to
such Loan from time to time in effect but in no event less than the rate per
annum as in effect at such due date.

3.4           Interest Payment Dates.   Accrued interest on each Base Rate Loan
shall be paid on each Quarterly Payment Date and at maturity (whether by
acceleration or otherwise), and accrued interest on each Loan other than Base
Rate Loans shall be payable on the last day of the Loan Period for such Loan
and at maturity (whether by acceleration or otherwise); provided that if
such Loan Period exceeds three (3) months, such accrued interest shall be
payable on the date in each third succeeding calendar month numerically
corresponding to the commencement date of such Loan Period, or, if there exists
no date numerically corresponding to the commencement date of such Loan Period
in any such third succeeding month, such accrued interest shall be payable on
the last Business Day of such third succeeding month, and after maturity,
whether by acceleration or otherwise, accrued interest on all matured Loans
shall be payable on demand.

3.5           Setting and Notice of Rates.

(a)           The
applicable interest rate for or during each Loan Period for any Committed Loan
shall be determined by the Administrative Agent, which shall promptly advise
the Borrower and each Bank thereof.  The
interest rate determination by the Administrative Agent shall be conclusive and
binding upon the parties hereto, in the absence of demonstrable error.

(b)           The
Administrative Agent shall, upon written request of the Borrower or any Bank,
deliver to the Borrower or such Bank, as the case may be, a statement showing
the computations used by the Administrative Agent in determining the interest
rate applicable to any Eurodollar Rate Loan.

3.6           Computation of Interest.   Interest on each Loan other than Base Rate
Loans shall be computed for the actual number of days elapsed on the basis of a
360-day year.  Interest on each Base Rate
Loan shall be computed for the actual number of days elapsed on the basis of a
365- or 366-day year, as appropriate, when the Base Rate is determined by the
prime rate, and on the basis of a 360-day year when the Base Rate is determined
by the Federal Funds Rate.  In computing
interest on each Loan, the Borrowing Date for such Loan shall be included and
the date of payment shall be excluded; provided, however, that if
a Loan is repaid on the Borrowing Date for such Loan, such day shall
nevertheless be included in computing interest on such Loan.

3.7           Limitation on Interest.  It is the intention of the parties hereto to
conform strictly to applicable usury laws and, anything herein to the contrary
notwithstanding, the obligations of the Borrower to each Bank under this
Agreement and the other Loan Documents shall be subject 

 25
 

to the limitation that
payments of interest shall not be required to the extent that receipt thereof
would be contrary to provisions of law applicable to such Bank limiting rates
of interest which may be charged or collected by such Bank.  Accordingly, if the transactions contemplated
hereby would be usurious under any Applicable Law (including the Federal and
state laws of the United States of America, or of any other jurisdiction whose
laws may be mandatorily applicable) with respect to any Bank, then, in that
event, notwithstanding anything to the contrary in this Agreement, it is agreed
as follows:

(a)           the
following provisions of this Section shall govern and control;

(b)           with
respect to the Borrower, the aggregate of all consideration that constitutes
interest under Applicable Law that is contracted for, charged or received under
this Agreement, or under any of the other Loan Documents or otherwise in
connection herewith or therewith, by such Bank shall under no circumstances exceed
the maximum amount of interest allowed by such Applicable Law (such maximum
lawful interest rate, if any, with respect to such Bank herein called the “Highest
Lawful Rate”), and any excess shall be credited to the Borrower by such
Bank (or, if such consideration shall have been finally paid in full, such
excess refunded to the Borrower);

(c)           all
sums paid, or agreed to be paid, to such Bank for the use, forbearance and
detention of the indebtedness of the Borrower to such Bank hereunder shall, to
the extent permitted by such Applicable Law, be amortized, prorated, allocated
and spread throughout the full term of such indebtedness until payment in full
of such indebtedness so that the actual rate of interest is uniform throughout
the full term thereof;

(d)           if,
with respect to such Bank, at any time the interest provided pursuant to Section
3.3, together with any other fees payable to such Bank pursuant to this
Agreement or any other Loan Document and deemed interest under such Applicable
Law, exceeds that amount which would have accrued to such Bank at the Highest
Lawful Rate, the amount of interest and any such fees to accrue pursuant to
this Agreement or any other Loan Document shall be limited, for such Bank,
notwithstanding anything to the contrary in this Agreement or any other Loan
Document, to that amount which would have accrued at the Highest Lawful Rate,
but any subsequent reductions in the amount of such interest and/or fees, as
applicable, which would otherwise occur shall not reduce the interest to accrue
to such Bank pursuant to this Agreement and the other Loan Documents below the
Highest Lawful Rate until the total amount of interest accrued pursuant to this
Agreement and the other Loan Documents and such fees deemed to be interest
equals the amount of interest which would have accrued to such Bank if a
varying rate per annum equal to the interest provided pursuant to Section
3.3 had at all times been in effect plus the amount of fees which would
have been received but for the effect of this Section; and

(e)           if
the total amount of interest paid or accrued for payment by the Borrower
together with any other fees payable by the Borrower pursuant to this Agreement
and the other Loan Documents and deemed interest under Applicable Law, with
respect to such Bank pursuant to this Agreement and the other Loan Documents
under the foregoing provisions of this Section, is less than the total amount
of interest which would have accrued with respect to the Borrower if a varying
rate per annum equal to the interest 

 26
 

provided pursuant
to Section 3.3 had at all times been in effect and all fees provided for
in this Agreement and the other Loan Documents had been paid, then the Borrower
agrees to pay to such Bank, upon demand, an amount equal to the difference between
(i) the lesser of (A) the amount of interest and fees which would have accrued
with respect to the Borrower if the Highest Lawful Rate had at all times been
in effect, and (B) the amount of interest and fees which would have accrued
with respect to the Borrower if a varying rate per annum equal to the interest
provided pursuant to Section 3.3 had at all times been in effect and all
fees provided for in this Agreement and the other Loan Documents had been paid
and (ii) the amount of interest and fees paid by the Borrower in accordance
with the other provisions of this Agreement and the other Loan Documents.

ARTICLE IV

REDUCTION OR TERMINATION OF THE COMMITMENTS;

PREPAYMENTS

4.1           Reduction or Termination of the
Commitments.  The Borrower shall have
the right, at any time and from time to time, to reduce permanently in part, or
to terminate in whole, without penalty or premium, the Total Commitment, upon
not less than five (5) Business Days prior notice (by facsimile or by telephone
(confirmed in writing promptly thereafter)) received by the Administrative
Agent (which shall promptly advise each Bank thereof), which notice shall
designate the date (which shall be a Business Day) of such reduction or
termination and the amount of any partial reduction of the Total Commitment; provided
that the Borrower may not reduce the Total Commitment to an amount which is
less than the Aggregate Outstanding Loans on the effective date specified in
the Borrower’s aforesaid notice.  Any
such partial reduction of the Total Commitment shall be in a minimum amount of
$5,000,000 and integral multiples of $1,000,000 in excess thereof.  Such partial reduction or termination of the
Total Commitment shall be effective on the date specified in the Borrower’s
aforesaid notice.  The Borrower may only
terminate the Total Commitment upon payment in full of all Aggregate
Outstanding Loans and all other Bank Obligations.

Any
partial reduction of the Total Commitment shall reduce each Bank’s Commitment
by an amount equal to such Bank’s pro rata share of the aggregate reduction in
the Total Commitment.

4.2           Voluntary Prepayments.   The Borrower may, from time to time as
hereinafter provided, prepay Base Rate Loans, in whole or in part, without
premium or penalty, and prepay Eurodollar Rate Loans, in whole or in part,
subject to the payments, if any, required by Section 6.4; provided
that any such partial prepayment shall be in an aggregate amount of a minimum
of $5,000,000 and integral multiples of $1,000,000 in excess thereof.  Accrued interest to the date of prepayment on
the aggregate principal amount of Loans being prepaid shall accompany such
prepayment.  The Borrower shall give
notice (by facsimile or by telephone (confirmed in writing promptly thereafter))
to the Administrative Agent (which shall promptly notify the Banks) of each
proposed prepayment hereunder, prior to 10:30 a.m., Chicago time, on the date
of such proposed prepayment (or, in the case of a proposed prepayment of
Eurodollar Rate Loans, two (2) Business Days before the proposed prepayment
date) which notice shall specify the proposed prepayment date (which shall be a
Business Day) and the aggregate principal amount of the proposed prepayment.

 

 27

ARTICLE V

OTHER CREDIT TERMS

5.1           Fees; Computation of Fees.

(a)           In
consideration of the Administrative Agent’s services to be provided in
connection herewith, the Borrower hereby agrees to pay to the Administrative
Agent the fees set forth in the Fee Letter.

(b)           In
consideration of the commitment of each Bank to make Committed Loans to the
Borrower hereunder, the Borrower hereby agrees to pay to the Administrative
Agent, for the account of each Bank (to be paid to each Bank by the
Administrative Agent in proportion to such Bank’s Commitment) the applicable
Facility Fee per annum (computed for the actual number of days elapsed on the
basis of a 360-day year) commencing on the Effective Date and payable in
arrears on each Quarterly Payment Date and on the Commitment Termination Date,
on the daily average amount of the Total Commitment, determined for the period
then ended for which such fee has not theretofore been paid.

(c)           The Borrower shall pay to the
Administrative Agent for the account of each Bank in accordance with its
Percentage, a fee equal in amount to the then applicable Utilization Fee as set
forth in the Pricing Matrix (the “Utilization Fee”) times the Aggregate
Outstanding Loans on each day that the Aggregate Outstanding Loans exceed 50%
of the actual daily amount of the Total Commitment.  The Utilization Fee shall be due and payable
quarterly on the Quarterly Payment Dates, commencing with the first such date
to occur after the Effective Date, and on the Commitment Termination Date.  The Utilization Fee shall be calculated
quarterly in arrears.  The Utilization
Fee shall accrue at all times the Aggregate Outstanding Loans exceed 50% of the
actual daily amount of the Total Commitment, including at any time during which
one or more of the conditions in Article X or Article XI is not
met.

5.2           Payments.  All payments to be made by the Borrower shall
be made without condition or deduction for any counterclaim, defense,
recoupment or setoff.  All payments
(including those made pursuant to Section 4.2) of principal of, or
interest on, the Loans shall be made by the Borrower to the Administrative
Agent in immediately available funds for the account of the holders of the
relevant Notes.  All payments of the
Facility Fee shall be made by the Borrower to the Administrative Agent in
immediately available funds for the account of the Banks pro  rata
according to their respective Commitments. 
All payments of the fees described in the Fee Letter shall be made by
the Borrower to the Administrative Agent in immediately available funds for the
account of the Administrative Agent.  All
other payments shall be made to the Administrative Agent at its address
specified on Schedule 1(b) (or at such other address as the
Administrative Agent may have specified for such purpose in a written notice to
the Borrower) not later than 1:00 p.m., Chicago time, on the date due; and
funds received after that hour shall be deemed to have been received by the
Administrative Agent on the next succeeding Business Day.  The Administrative Agent shall promptly remit
to each Bank in immediately available finds such Bank’s share of all such
payments received by the Administrative Agent for the account of such
Bank.  All payments under Section 6.1,
Section 6.4 or Section 14.5 shall, 

 28
 

unless otherwise
specified herein, be made by the Borrower directly to the Bank or Banks
entitled thereto.

5.3           Net Payments; Tax Exemptions.

(a)           All
payments by the Borrower of principal, interest, fees, indemnities and other
amounts payable to any recipient (each, a “Recipient”) hereunder shall
be made without setoff or counterclaim and free and clear of, and without
withholding or deduction for or on account of, any present or future Taxes
(other than Excluded Taxes) now or hereafter imposed on such Recipient or its income,
property, assets or franchises (such Recipient’s “Recipient Taxes”),
except to the extent that such withholding or deduction (i) is required by
Applicable Law, (ii) results from the breach by such Recipient of its Exemption
Agreement, if any, (iii) would not be required if such Recipient’s Exemption
Representation were true or (iv) would not be required if such Recipient’s
appropriate Internal Revenue Service form specified in Section 5.3(b)
claiming complete exemption were true and accurate at the time of the delivery
thereof.  If any such withholding or
deduction is required by Applicable Law, the Borrower will:

(A)          pay
to the relevant authorities the full amount so required to be withheld or
deducted when and as the same shall become due and payable to such authorities;

(B)           promptly
forward to the Administrative Agent and each affected Bank an official receipt
or other documentation satisfactory to the Administrative Agent evidencing such
payment to such authorities; and

(C)           except
to the extent that such withholding or deduction (1) is for Excluded Taxes, (2)
results from the breach, by a Recipient of its Exemption Agreement, if any, or
(3) would not be required if such Recipient’s Exemption Representation were
true or (4) would not be required if such Recipient’s appropriate Internal
Revenue Service form specified in Section 5.3(b) claiming complete
exemption were true and accurate at the time of the delivery thereof, pay to
the Administrative Agent for the account of the relevant Recipient such additional
amount as is necessary to ensure that the net amount actually received by each
Recipient will equal the full amount such Recipient would have received had no
such withholding or deduction been required.

(b)           In
consideration of the Borrower’s agreements in Section 5.3(a), each Bank
which is not a US Person hereby agrees (such Bank’s “Exemption Agreement”),
to the extent permitted by Applicable Law (including any applicable double
taxation treaty of the jurisdiction of its incorporation or the jurisdiction in
which its lending office is located), to execute and deliver to the Borrower,
on or about the first scheduled payment date in each Fiscal Year, a United
States Internal Revenue Service Form W-8ECI or W-8BEN (or successor form), as
appropriate, properly completed and claiming a complete or partial exemption,
as the case may be, from withholding or deduction for or on account of “United
States Federal Recipient Taxes” (as defined in the Code) of such Bank.

 29
 

(c)           Each
Bank hereby represents and warrants (such Bank’s “Exemption Representation”)
to the Borrower that on the date hereof (or in the case of a Purchasing Bank or
an assignee pursuant to Section 14.10, on the date on which it becomes a
Bank party hereto) its lending office is entitled to receive payments of
principal of, and interest on, Loans made by such Bank from such lending office
without withholding or deduction for or on account of such Bank’s Recipient
Taxes imposed by the United States of America or any political subdivision
thereof.

(d)           Upon
the request from time to time of the Borrower or the Administrative Agent, each
Bank that is organized under the laws of a jurisdiction other than the United
States of America shall execute and deliver to the Borrower and the
Administrative Agent one or more (as the Borrower or the Administrative Agent
may reasonably request) United States Internal Revenue Service Forms W-8BEN or
W-8ECI or such other forms or documents, appropriately completed, as may be
applicable to establish the extent, if any, to which a payment to such Bank is
exempt from withholding or deduction of Recipient Taxes.

(e)           If
any Bank claims exemption from, or reduction of, withholding tax under a United
States tax treaty by providing IRS Form W-8ECI and such Bank sells, assigns,
grants a participation in, or otherwise transfers all or part of the
obligations of the Borrower to such Bank, such Bank agrees to notify the
Administrative Agent of the percentage amount in which it is no longer the
beneficial owner of such obligations of the Borrower hereunder.  To the extent of such percentage amount, the
Administrative Agent will treat such Bank’s IRS Form W-8ECI as no longer valid.

(f)            If
any Bank claiming exemption from United States withholding tax by filing IRS
Form W-8BEN with the Administrative Agent sells, assigns, grants a
participation in, or otherwise transfers all or part of the obligations of the
Borrower to such Bank hereunder, such Bank agrees to undertake sole
responsibility for complying with the withholding tax requirements imposed by
Sections 1441 and 1442 of the Code.

(g)           If
any Bank is entitled to a reduction in the applicable withholding tax, the
Administrative Agent may withhold from any interest payment to such Bank an
amount equivalent to the applicable withholding tax after taking into account
such reduction.  If the forms or other
documentation required by subsection (d) of this Section are not
delivered to the Administrative Agent, then the Administrative Agent may
withhold from any interest payment to such Bank not providing such forms or
other documentation an amount equivalent to the applicable withholding tax.

(h)           If
the IRS or any other governmental authority of the United States or any other
jurisdiction asserts a claim that the Administrative Agent did not properly
withhold tax from amounts paid to or for the account of any Bank (because the
appropriate form was not delivered or was not properly executed, or because
such Bank failed to notify the Administrative Agent of a change in
circumstances which rendered the exemption from, or reduction of, withholding
tax ineffective, or for any other reason) such Bank shall indemnify the
Administrative Agent fully for all amounts paid, directly or indirectly, by the
Administrative Agent as tax or otherwise, including penalties and interest, and

 30
 

including any
taxes imposed by any jurisdiction on the amounts payable to the Administrative
Agent under this Section, together with all costs and expenses (including
reasonable fees of attorneys for the Administrative Agent (including the
allocable costs of internal legal services and all disbursements of internal
counsel)).  The obligation of the Banks
under this subsection shall survive the repayment of the Loans, cancellation of
the Notes, any termination of this Agreement and the resignation or replacement
of the Administrative Agent.

5.4           Application of Certain Payments.

(a)           Prior
to the occurrence and continuation of a Pro Rata Distribution Event, each
payment of principal shall be applied to such of the Loans as the Borrower
shall direct by notice to be received by the Administrative Agent on or before
the date of such payment; provided that any Loans of the Borrower
maturing the same day shall be paid pro  rata among such
Loans.  The Administrative Agent shall
remit each such payment by the Borrower in accordance therewith ratably among
the applicable Banks holding such Loans. 
Concurrently with each remittance to any Bank of its share of any such
payment, the Administrative Agent shall advise each Bank as to the application
of such payment.

(b)           Following
the occurrence and during the continuation of a Pro Rata Distribution Event,
the Administrative Agent and the Banks shall apply all collections and
recoveries of the Loans and the other Bank Obligations hereunder first,
to payment of that portion of the Bank Obligations constituting fees,
indemnities, expenses and other amounts (including fees, charges and
disbursements of counsel to the Administrative Agent and amounts payable under Article
VI) payable to the Administrative Agent in its capacity as such, second,
to the payment of principal and interest on the outstanding Loans on a pro
rata basis to each Bank based on the respective amounts of such Bank’s
principal and accrued interest (whether or not mature and currently payable)
and, third, to payment of the remaining outstanding Bank Obligations on
a pro  rata basis to each Bank based on the respective remaining
amounts of such Bank Obligations owed to each Bank (whether or not mature and
currently payable).

(c)           For
purposes hereof, a “Pro Rata Distribution Event” shall mean the first to
occur of (i) an Event of Default under Section 12.1(a), Section
12.1(f) or Section 12.1(g) or (ii) any other Event of Default if the
Majority Banks shall have notified the Administrative Agent of the occurrence
of such Event of Default and shall have instructed the Administrative Agent
that payments shall be applied as provided in Section 5.4(b) above.  The Administrative Agent shall promptly
notify the Borrower and each Bank following the occurrence of a Pro Rata
Distribution Event.

(d)           The
Banks and the Administrative Agent agree that if any distribution shall be made
by the Administrative Agent contrary to this Section (whether because the
Administrative Agent shall not, at the time of distribution, have been aware of
the occurrence of any Event of Default or otherwise), the Banks shall cooperate
with the Administrative Agent to redistribute payments, collections or
recoveries in accordance with this Section.

 31
 

5.5           Offset.  Upon the occurrence of any Default described
in Section 12.1(f) or Section 12.1(g), or of any acceleration of
the Notes pursuant to Section 12.2, each Bank is hereby authorized, at
any time and from time to time, without notice to the Borrower (any such notice
being expressly waived by the Borrower to the fullest extent permitted by
Applicable Law), to the fullest extent permitted by Applicable Law, to set off,
to exercise any banker’s lien or any other right of attachment or garnishment
and apply any and all balances, credits, deposits (general or special, time or
demand, provisional or final), accounts or monies at any time held and other
indebtedness at any time owing by such Bank to or for the account of the
Borrower against any and all Bank Obligations held by such Bank (subject to the
provisions of Section 13.4), whether or not such Bank has made any
demand under or with respect to any of such Bank Obligations and although such
Bank Obligations may be unmatured. 
Promptly following such action, such Bank shall give notice thereof to
the Administrative Agent and the Administrative Agent shall promptly give
notice thereof to the Borrower and each other Bank, but failure to do so shall
not impair the effect of such action. 
Subject to the foregoing provisions of this Section, the rights of the
Banks under this Section are in addition to, in augmentation of, and do not
derogate from or impair, any other rights and remedies (including other rights
of setoff) which the Banks may have.

ARTICLE VI

COST PROTECTION PROVISIONS AND SPECIAL PROVISIONS

FOR EURODOLLAR RATE LOANS

6.1           Cost Protection.

(a)           If
(i) Regulation D of the FRB (“Regulation D”), (ii) the adoption after
the date hereof of any Applicable Law, (iii) any change after the date hereof
in any Applicable Law, (iv) any change after the date hereof in the
interpretation or administration thereof by any governmental authority, central
bank or comparable agency charged with the interpretation or administration
thereof, or (v) compliance by such Bank (or any Eurodollar Office of such Bank)
with any request or directive (whether or not having the force of law) of any
such authority, central bank or comparable agency;

(A)          shall
subject any Bank (or any Eurodollar Office of such Bank) to any tax, duty or
other charge with respect to its Loans, its Notes or its obligation to make
Loans, or shall change the basis of taxation of payments to any Bank of the
principal of or interest on its Loans or any other amounts due under this
Agreement in respect of its Loans or its obligation to make Loans (except for
Excluded Taxes or Recipient Taxes of the type described in clause (ii), clause
(iii) and clause (iv) of the first sentence of Section 5.3(a);

(B)           shall
impose, modify or deem applicable any assessment or other charge against assets
of, deposits with or for the account of, or credit extended by, any Bank (or
any Eurodollar Office of such Bank);

(C)           shall
impose, modify or deem applicable any reserve (including any reserve imposed by
the FRB), special deposit or similar requirement against assets 

 32
 

of, deposits with
or for the account of, or credit extended by, any Bank (or any Eurodollar
Office of such Bank); or

(D)          shall
impose on any Bank (or its Eurodollar Office) any other condition affecting its
Loans, its Notes or its obligation to make Loans;

and the result of any of
the foregoing is to increase the cost to such Bank (or any Eurodollar Office of
such Bank) of making or maintaining or issuing its Commitment or any Loan or to
reduce the amount of any sum received or receivable by such Bank (or its
Eurodollar Office) under this Agreement or under its Notes then, within ten
(10) days after demand by such Bank (which demand shall be accompanied by a
statement setting forth the basis of such demand), the Borrower shall pay
directly to such Bank such additional amount or amounts as will compensate such
Bank for such cost, increased cost or such reduction.

(b)           If
any Bank shall reasonably determine that the application or adoption after the
date hereof of any law, rule, regulation, directive, interpretation, treaty or
guideline regarding capital adequacy, or any change therein or in the
interpretation or administration thereof after the date hereof, whether or not
having the force of law increases the amount of capital required to be
maintained by such Bank, or any corporation controlling such Bank, and such
increase is based solely upon the existence of such Bank’s obligations
hereunder, by an amount deemed by such Bank in its sole discretion to be
material, then from time to time, within ten (10) days after demand from such
Bank, the Borrower shall pay to such Bank such amount or amounts as will fairly
compensate such Bank for such increased capital requirement.  The determination of any amount to be paid by
the Borrower under this Section shall take into consideration the policies of
such Bank, or any corporation controlling such Bank, with respect to capital
adequacy and shall be based upon any reasonable averaging, attribution and
allocation methods.  A certificate of
such Bank setting forth the amount or amounts as shall be necessary to
compensate such Bank as specified in this Section shall be delivered to the
Borrower and the Administrative Agent and shall be conclusive in the absence of
manifest error.

(c)           Promptly
after any Bank becomes aware of any event that would entitle it to compensation
under Section 6.1 (a) or Section 6.1(b), such Bank shall notify
the Administrative Agent, which shall advise the Borrower thereof; provided
that if any Bank fails to notify the Administrative Agent within 180 days of
its actual knowledge of any such event (the “Notice Date”), the Borrower
shall not be obligated to pay such additional amounts accruing during the
period from the Notice Date until the date of delivery of such notice; provided,
further, that the failure to give such notice shall not affect the
Borrower’s obligation to pay such additional amounts accrued prior to the
Notice Date or after delivery of such notice.

6.2           Basis for Determining Interest
Rate Inadequate or Unfair.  If with
respect to any request for a Eurodollar Rate Loan or a conversion to or
continuation thereof:

 33
 

(a)           the
Administrative Agent determines (which determination shall be binding and
conclusive on all parties hereto) that, by reason of circumstances affecting
the relevant market, adequate and reasonable means do not exist for
ascertaining the interest rate applicable hereunder to Eurodollar Rate Loans;
or

(b)           the
Majority Banks advise the Administrative Agent that the interest rate
applicable hereunder to any outstanding Eurodollar Rate Loan will not
adequately and fairly reflect the cost to such Banks of maintaining or funding
such Eurodollar Rate Loan for such Loan Period, or that the making or funding
of Eurodollar Rate Loans has become impracticable as a result of an event
occurring after the date hereof which in the opinion of such Banks materially
affects such Loans;

then
(i) the Administrative Agent shall promptly notify the Borrower and each Bank
thereof, and (ii) so long as such circumstances shall continue, no Bank shall
be under any obligation to make, convert or continue the Eurodollar Rate Loans.

6.3           Changes in Law Rendering Certain
Eurodollar Rate Loans Unlawful.   In
the event that any change in (including the adoption of any new) Applicable
Law, or any change in the interpretation of any Applicable Law by any judicial,
governmental or other regulatory body charged with the interpretation,
implementation or administration thereof, should make it (or in the good-faith
judgment of an Affected Bank should raise a substantial question as to whether
it is) unlawful for such Affected Bank to make, maintain or fund Eurodollar
Rate Loans, then (a) such Affected Bank shall promptly notify each of the
other parties hereto, (b) the obligation of such Affected Bank to make Eurodollar
Rate Loans shall, upon the effectiveness of such event, be suspended for the
duration of such unlawfulness, and (c) if the Affected Bank so requests, the
Borrower shall, on such date as may be required by the relevant Applicable Law,
repay or prepay all then outstanding Eurodollar Rate Loans made to the Borrower
by such Affected Bank together with accrued interest thereon and all amounts
then due, if any, under Section 6.4.

6.4           Funding Losses.   The Borrower hereby agrees that, upon demand
by any Bank (which demand shall be accompanied by a statement setting forth the
basis for the calculations of the amount being claimed), the Borrower will
indemnify such Bank against any net loss or expense which such Bank may sustain
or incur (including any net loss or expense incurred by reason of the
liquidation or reemployment of deposits or other funds acquired by such Bank to
fund or maintain Eurodollar Rate Loans made to the Borrower by such Bank), as
reasonably determined by such Bank, as a result of (a) any payment or
prepayment of principal (including pursuant to Section 4.2, Section
4.3, Section 6.3 or Section 12.2) of any such Eurodollar Rate
Loan on a date other than the last day of a Loan Period for such Loan, or (b)
any failure of the Borrower to borrow, continue or convert any Loans on the
date and in the amount specified therefor in a notice of Borrowing, conversion
or continuation given by the Borrower pursuant to this Agreement.  For this purpose, all notices to the
Administrative Agent pursuant to this Agreement shall be deemed to be
irrevocable.

6.5           Discretion of Banks as to Manner
of Funding.   Notwithstanding any
provision of this Agreement to the contrary, each Bank shall be entitled to
fund and maintain its funding of all or any part of its Loans in any manner it
sees fit, it being understood, however, that for the 

 34
 

purposes of this
Agreement all determinations hereunder shall be made as if such Bank had
actually funded and maintained each Eurodollar Rate Loan during the Loan Period
for such Loan through the sale of deposits or the purchase of deposits, as the
case may be, having a maturity corresponding to the last day of such Loan
Period and bearing an interest rate equal to the Eurodollar Rate for such Loan
Period.  Each Bank shall use reasonable
efforts (consistent with its internal policies and legal and regulatory
restrictions) to take appropriate action, including the selection of a
jurisdiction of its Eurodollar Office or the changing of the jurisdiction of
its Eurodollar Office, as the case may be, so as to avoid any illegality of the
type referred to in Section 6.3 or the imposition of any increased costs
or Taxes or to limit the amount of any such increased costs or Taxes which may
thereafter accrue; provided that no such selection or change of the
jurisdiction for its Eurodollar Office shall be made if, in the reasonable
judgment of such Bank, such selection or change would be disadvantageous to
such Bank.

6.6           Replacement of Certain Banks.   In the event that any Bank(s) shall claim
payment of any amounts pursuant to this Article VI or any Taxes or other
amounts pursuant to Section 5.3, or shall be an Affected Bank for more
than 30 days, such Bank(s) may accept a purchase offer as described
hereinafter.  If the Borrower shall find
one or more banks that, if not a Bank, are each an Eligible Assignee and that
unconditionally offer in writing (with a copy to the Administrative Agent)
collectively to assume all of such Bank’s obligations hereunder and to purchase
all of such Bank’s rights hereunder and principal and interest in the Loans
owing to such Bank(s) and the Notes held by such Bank(s) without recourse,
representation or warranty (other than as provided in the related Assignment
and Assumption) for an amount to be received by such Bank(s) equal to the
principal amount of such Loans plus interest accrued thereon to the date of
such purchase plus any other amounts then payable hereunder on a date therein
specified, then upon acceptance of such purchase offer, the Borrower shall be
obligated to pay such costs and Taxes (other than Excluded Taxes) to such
Bank(s) pursuant to this Article VI or Section 5.3 to the date of
such purchase (at which time such Bank shall cease to be a Bank hereunder); provided
that (a) if a Bank accepts the proposed purchase offer and the proposed
purchasing bank(s) fails to purchase such rights and interest and to assume
such obligations on such specified date in accordance with the terms of such
offer, the Borrower shall continue to be obligated to pay the amounts or Taxes
(other than Excluded Taxes) to such Bank pursuant to this Article VI and
Section 5.3, and (b) if such Bank fails to accept such purchase offer,
the Borrower shall not be obligated to pay to such Bank such amounts that such
Bank would otherwise be currently entitled to pursuant to this Article VI
(except under Section 6.3) or any Taxes (other than Excluded Taxes) or
other amounts pursuant to Section 5.3 from and after the date of such
purchase offer and to the extent that such Bank is an Affected Bank, such Bank
shall no longer be an Affected Bank for such period; provided, however,
that nothing contained herein shall be deemed to restrict a Bank’s ability to
recover additional amounts owed to such Bank pursuant to this Article VI
or any Taxes or other amounts pursuant to Section 5.3 that such Bank
would otherwise be entitled to in the future and not directly arising out of
the same circumstances which caused the provisions of this Section to
originally become operative.

6.7           Conclusiveness of Statements;
Survival of Provisions.  
Determinations and statements of any Bank pursuant to this Article VI
shall be made in good faith and shall be conclusive and binding on the parties
hereto, absent demonstrable error.  The
provisions of Section 5.3, Section 6.1, Section 6.4, Section
14.6 and the last sentence of each of Section 13.1(e) and Section
14.5 and shall survive termination of this Agreement.

 

 35

ARTICLE VII

REPRESENTATIONS AND WARRANTIES

The
Borrower represents and warrants with respect to itself and its Subsidiaries,
and the Parent represents and warrants with respect to itself and its
Subsidiaries, to the Administrative Agent and the Banks as follows:

7.1           Corporate Existence, Power,
Authority, etc.  The Borrower is a
corporation duly incorporated, validly existing and in good standing under the
laws of the State of Georgia; the Parent is a corporation duly incorporated,
validly existing and in good standing under the laws of the State of Arkansas;
each of their Subsidiaries is a corporation or other business entity duly
incorporated or formed, validly existing and in good standing under the laws of
the state of its incorporation or formation; the Borrower, the Parent and each
of their Subsidiaries is duly qualified and in good standing as a foreign
Person authorized to do business in each other jurisdiction where, because of
the nature of its activities or properties, such qualification is required,
other than where the failure to be so qualified or in good standing would not
reasonably be expected to have a Materially Adverse Effect; each Loan Party has
all requisite corporate power and authority (a) to own its assets and to carry
on the business in which it is engaged, and (b) to execute, deliver and perform
its obligations under each Loan Document to which it is a party; each
Subsidiary of the Parent and each Subsidiary of the Borrower has all requisite
corporate, partnership or other power and authority to own its assets and to
carry on the business in which it is engaged; and the Borrower has all
requisite corporate power and authority to issue the Notes in the manner and
for the purpose contemplated by this Agreement.

7.2           No Violation, Breach, Default,
Lien, etc.  The execution, delivery
and performance by each Loan Party of each Loan Document to which it is a
party, and the issuance of the Notes in the manner and for the purpose
contemplated by this Agreement, have been duly authorized by all necessary
corporate action (including any necessary stockholder action) on the part of
each Loan Party, and do not (a) violate any provision of any Applicable Law, or
of the charter or by-laws of such Loan Party, or (b) result in a breach of or
constitute a default under any indenture or loan or credit agreement or under
any other agreement or instrument to which the Borrower, the Parent or any of
their Subsidiaries is a party or by which the Borrower, the Parent or any of
their Subsidiaries or their respective properties is bound, or (c) result in,
or require the creation or imposition of, any Lien of any nature upon or with
respect to any of the properties now owned or hereafter acquired by the
Borrower, the Parent or any of their Subsidiaries, other than, with respect to
(b) and (c) above, such breaches, defaults or Liens which would not reasonably
be expected to have a Materially Adverse Effect.  Neither any Loan Party nor any other
Subsidiary of the Borrower or the Parent is in default under or in violation of
its organizational documents or, except for such defaults or violations which
would not reasonably be expected to have a Materially Adverse Effect, any
Applicable Law, indenture, agreement or instrument.

7.3           Legal, Valid and Binding
Obligations.  This Agreement
constitutes, and (when executed and delivered by the Loan Parties thereto) each
other Loan Document to which any Loan Party is a party will constitute, a
legal, valid and binding obligation of the respective Loan Parties party
thereto enforceable in accordance with its respective terms.  When executed and 

 36
 

delivered by the Parent,
the Parent Guaranty will constitute a legal, valid and binding obligation of
the Parent enforceable in accordance with its terms.  The foregoing representations and warranties
are subject to the qualifications that the enforcement of each of the
instruments referred to therein may be limited by applicable bankruptcy,
insolvency or similar laws affecting the enforcement of rights of creditors
generally, and that enforcement of rights and remedies set forth therein may be
limited by judicial discretion regarding the enforcement of, or by applicable
laws affecting, remedies (whether considered in a court of law or a proceeding
in equity).

7.4           Financial Statements.  The Parent’s audited consolidated financial
statements as at December 31, 2006 have been prepared in conformity with GAAP
applied on a basis consistent with that of the preceding Fiscal Year (except as
noted therein) and fairly present the consolidated financial condition of the
Parent and its consolidated Subsidiaries as at such date and the results of
their operations for the period then ended. 
Since December 31, 2006, no event or events have occurred which,
individually or in the aggregate, would reasonably be expected to have a
Materially Adverse Effect, except as disclosed in Schedule 3.

7.5           No Litigation; Material Contingent
Liabilities.  No litigation
(including derivative actions), arbitration proceedings or governmental
proceedings are pending or, to the best knowledge of the Borrower or the Parent
after due inquiry, threatened against the Borrower, the Parent or any of their
Subsidiaries which would, if adversely determined, either (a) reasonably be
expected to result in liability of the Borrower, the Parent and their
Subsidiaries in excess of actual reserved self-insurance amounts, actual
uncontested insurance coverage or effective uncontested indemnifications with
respect thereto, except as set forth (including estimates of the dollar amounts
involved, if practicable) in Schedule 3 or in the financial statements
referred to in Section 7.4, or (b) be reasonably expected to have a
Materially Adverse Effect.  Neither the
Borrower, the Parent nor any of their Subsidiaries has knowledge of any
material contingent liabilities, including those disclosed in the financial
statements referred to in Section 7.4 or in Schedule 3, which
would reasonably be expected to have a Materially Adverse Effect.

7.6           No Approvals, etc.  No authorization, consent, approval, license or
formal exemption from, nor any filing, declaration or registration with, any
court, governmental agency or regulatory authority (whether Federal, state,
local or foreign), including the Securities and Exchange Commission, any
securities exchange, and the Surface Transportation Board, is required in
connection with the execution, delivery or performance by any Loan Party of any
Loan Document, or the issuance of the Notes in the manner and for the purpose
contemplated by this Agreement, it being understood and agreed that no
representation or warranty is being made herein with respect to any
authorizations, consents, approvals, licenses, exemptions, declarations or
registrations required in connection with the Borrower’s or the Parent’s
performance of the covenant contained in Section 8.7.

7.7           Fire, Strike, Act of God, etc.  Neither the business nor the properties of
the Borrower, the Parent nor any of their Subsidiaries are presently affected
by any fire, explosion, accident, labor controversy, strike, lockout or other
dispute, drought, storm, hail, earthquake, embargo, act of God or of the public
enemy or other casualty which would reasonably be expected to have a Materially
Adverse Effect, or if any such existing event or condition were to continue for
more than thirty (30) additional days (unless in the reasonable opinion of the 

 37
 

Borrower or the Parent
such event or condition is not likely to continue for such period) would
reasonably be expected to have a Materially Adverse Effect.

7.8           Liens.  None of the assets of the Borrower, the
Parent or any of their Subsidiaries is subject to any Lien except for Permitted
Liens.

7.9           Subsidiaries.  Neither the Borrower nor the Parent has any
Subsidiaries on the date of this Agreement except those listed in Schedule 5.

7.10         ERISA.  Each Plan and, to the best of the Borrower’s
and the Parent’s knowledge, each Multiemployer Plan, complies in all material
respects with Applicable Law and:

(a)           no
Reportable Event for which the PBGC has not waived the 30-day notice requirement
has occurred with respect to any Plan or, to the best of the Borrower’s and the
Parent’s knowledge, any Multiemployer Plan;

(b)           no
steps have been taken to terminate any Plan which could result in the Borrower
or the Parent making a contribution, or incurring a liability or obligation, to
such Plan in excess of $1,000,000; no steps have been taken to appoint a
receiver to administer any such Plan; to the best of the Borrower’s and the
Parent’s knowledge, no steps have been taken to terminate or appoint a receiver
to administer any Multiemployer Plan which could result in the Borrower or the
Parent making a contribution, or incurring a liability or obligation, to such
Multiemployer Plan; and neither the Borrower, the Parent, nor any Related
Person has withdrawn from any such Multiemployer Plan or initiated steps to do
so;

(c)           there
is no Unfunded Vested Liability with respect to any Plan or, to the best of the
Borrower’s and the Parent’s knowledge, any Multiemployer Plan, that would
reasonably be expected to have, in the event of termination of such Plan or
withdrawal from such Multiemployer Plan, a Materially Adverse Effect; and

(d)           no
contribution failure has occurred with respect to any Plan sufficient to give
rise to a Lien under Section 302(f) of ERISA; no condition exists or event or
transaction has occurred with respect to any Plan which would reasonably be
expected to have a Materially Adverse Effect; and neither the Borrower, the
Parent nor any of their Subsidiaries has any contingent liability with respect
to any post-retirement benefit under a Welfare Plan, other than liability for
continuation coverage described in Part 6 of Title I of ERISA, that would
reasonably be expected to have a Materially Adverse Effect.

7.11         Investment Company.  Neither the Borrower, the Parent nor any of
their Subsidiaries is an “investment company” or a company “controlled” by an “investment
company,” within the meaning of the Investment Company Act of 1940.

7.12         Margin Stock.  Neither the Borrower nor the Parent is engaged
principally, or as one of its important activities, in the business of
extending, or arranging for the extension of, credit for the purpose of “purchasing
or carrying any margin stock,” within the meaning of Regulation U of the
FRB.  No portion of the assets of the
Borrower or the Parent consists of any such margin stock, and no part of the
proceeds of any Loan or Indebtedness with respect to 

 38
 

commercial paper will be
used to purchase or carry any such margin stock within the meaning of said
regulation or to extend credit to others for such purpose.

7.13         Accurate Information.  All factual information (taken as a whole)
previously furnished by any Loan Party to the Administrative Agent or any Bank
for purposes of or in connection with this Agreement (including the factual
information contained in the Schedules and Exhibits hereto and in
the Bank syndication information memorandum) or any transaction contemplated
hereby or thereby or by any other Loan Document is, and all other such factual
information (taken as a whole) hereafter furnished by any Loan Party to the
Administrative Agent or any Bank for purposes of or in connection with this
Agreement or any transaction contemplated hereby or by any other Loan Document
will be, true and accurate in every material respect on the date as of which
such information is dated or certified and is not and will not be incomplete in
any material respect as of such date due to any failure to state any fact
necessary to make such information not misleading as of such date in light of
the circumstances in which the same was furnished.

7.14         Taxes.  The Borrower, the Parent and each of their
Subsidiaries has filed (or obtained extensions with respect to the filing of)
all United States federal income tax returns and all other material tax returns
which are required to be filed by it and has paid all taxes as shown on such
returns or pursuant to any assessment received by the Borrower, the Parent or
any of their Subsidiaries, except to the extent the same may be contested in good
faith and for which reserves have been established to the extent required by
GAAP.  No tax liens have been filed and
no claims are being asserted with respect to any such taxes.  The charges, accruals and reserves on the
books of the Borrower, the Parent and each of their Subsidiaries in respect of
Taxes and other governmental charges are adequate to the best knowledge of the
Borrower and the Parent.

7.15         Ownership of Properties, Licenses
and Permits.  The Borrower, the
Parent and each of their Subsidiaries (a) has valid fee or leasehold interests
in all of its respective material real property, and good and valid title to
all of its respective material personal properties and assets, of any nature
whatsoever which are reflected on the audited balance sheet referred to in Section
7.4 or acquired by the Borrower, the Parent or such Subsidiary after the
date thereof except for assets sold, transferred or otherwise disposed of (and
not otherwise prohibited by Section 9.9) since such date in the ordinary
course of business, and (b) owns or holds all Permits necessary to construct,
own, operate, use and maintain its property and assets and to conduct its
business except where the failure to have such interest or title or to own or
hold such Permit would not reasonably be expected to have a Materially Adverse
Effect.

7.16         Patents, Trademarks, etc.  Each of the Borrower, the Parent and their
Subsidiaries owns, or is licensed or otherwise has the lawful right to use, all
patents, trademarks, tradenames, copyrights, technology, know-how and processes
necessary for the conduct of its business as currently conducted other than
where the failure to so own, be so licensed or so have a right to use would not
reasonably be expected to have a Materially Adverse Effect.  There are no claims, and to the best of the
Borrower’s and the Parent’s knowledge, there is no infringement of the rights
of any Person, arising from the use of such patents, trademarks, copyrights,
technology, know-how and processes by the Borrower, the Parent or any of their
Subsidiaries, except for such claims and infringements which would not
reasonably be expected to have a Materially Adverse Effect.  Neither the Borrower, the Parent nor any of
their Subsidiaries has knowledge of 

 39
 

any infringement by any third
party on any of its or their rights in any intellectual property, except for
any such infringement which would not reasonably be expected to have a
Materially Adverse Effect.

7.17         Environmental Matters.  The Borrower, the Parent and their
Subsidiaries are, to the best knowledge of the Borrower and the Parent, each in
compliance in all material respects with all Environmental Requirements (a) now
applicable to the Borrower, the Parent or any of their Subsidiaries or (b)
which will be applicable (or, if not in compliance with such laws and
regulations referred to in this clause (b), the Borrower, the Parent or such
Subsidiary is taking appropriate action diligently pursued to be in compliance
therewith on a timely basis or to be exempt from compliance), except to the
extent that the failure to comply or take such action would not have a
Materially Adverse Effect.  Except as
disclosed on Schedule 2, neither the Borrower, the Parent nor any of
their Subsidiaries has any knowledge of any (i) presently outstanding
allegations by governmental officials that the Borrower, the Parent or any of
their Subsidiaries is now or at any time prior to the date hereof was in
material violation of such Environmental Requirements, (ii) material
administrative or judicial proceedings presently pending against the Borrower,
the Parent or any of their Subsidiaries pursuant to such Environmental
Requirements, or (iii) material claim presently outstanding against the
Borrower, the Parent or any of their Subsidiaries which was asserted pursuant
to such laws or regulations that in each case would reasonably be expected to
result in a liability to the Borrower, the Parent or any of their Subsidiaries
in excess of $2,000,000 singly or $6,000,000 in the aggregate for all such
claims (net in each case of actual uncontested insurance coverage or effective
uncontested indemnifications with respect thereto).  Except as disclosed in Schedule 2,
each of the Borrower and the Parent reasonably believes that no facts or
circumstances known to it or any of its respective Subsidiaries could form the
basis for the assertion of any material claim against the Borrower, the Parent
or any of their Subsidiaries relating to environmental matters, including any
material claim arising from past or present environmental practices asserted
under any Environmental Requirement that in each case would reasonably be
expected to result in a liability to the Borrower, the Parent or any of their
Subsidiaries in excess of $2,000,000 singly or $6,000,000 in the aggregate for
all such claims (net in each case of actual uncontested insurance coverage or
effective uncontested indemnifications with respect thereto).

7.18         Compliance with Applicable Law.  The Borrower, the Parent and each of their
Subsidiaries are in compliance in all material respects with Applicable Law,
the violation of which by the Borrower, the Parent or any of their Subsidiaries
could reasonably be expected to have a Materially Adverse Effect.

7.19         Solvency.  Each of the Loan Parties has capital
sufficient to carry on its respective business and transactions and all
business and transactions in which it is about to engage and is now solvent and
able to pay its respective debts as they mature, and each of the Loan Parties
now owns property having a value, both at fair valuation and at present fair
salable value, greater than the amount required to pay such Loan Party’s
existing debts.

 40
 

ARTICLE VIII

AFFIRMATIVE COVENANTS

So
long as any of the Bank Obligations shall remain unpaid or any Bank shall have
any Commitment hereunder, the Borrower and the Parent, as applicable, will, and
where applicable will cause each of their Subsidiaries, to:

8.1           Information.  Furnish to the Administrative Agent and
(concurrently therewith) to each Bank in accordance with Section 14.4:

(a)           as
soon as available and in any event within forty-five (45) days (or such earlier
date as the filing thereof with the SEC may be required) after the end of each
of the first three Fiscal Quarters of each Fiscal Year, (i) consolidated
financial statements of the Parent and its consolidated Subsidiaries,
consisting of a balance sheet as at the end of such quarter and statements of
income, retained earnings, and cashflows for such quarter then ended and for
the Fiscal Year through such quarter, setting forth in comparative form the
corresponding figures for the corresponding dates and periods of the preceding
Fiscal Year, all in reasonable detail and certified (subject to year-end audit
adjustments) by a Responsible Officer of the Parent to the best of such officer’s
knowledge and belief as fairly presenting in accordance with GAAP (to the
extent applicable) consistently applied (except as noted therein) the financial
condition and results of operations of the Parent and its consolidated
Subsidiaries as at the date thereof and for the period covered thereby (provided
that footnotes to such financial statements will not be required) accompanied
by (ii) a Compliance Certificate as at the end of such Fiscal Quarter from such
officer of the Parent;

(b)           as soon
as available, but in any event within one hundred (100) days (or such earlier
date as the filing thereof with the SEC may be required) after the end of each
Fiscal Year, audited consolidated financial statements of the Parent and its
consolidated Subsidiaries consisting of a balance sheet as at the end of such
Fiscal Year and statements of income, retained earnings, and cashflows for such
Fiscal Year, setting forth, in comparative form, the corresponding figures for
the preceding Fiscal Year, accompanied by:

(i)            a report and opinion of independent
certified public accountants of recognized national standing and reputation
selected by the Parent or otherwise reasonably acceptable to the Administrative
Agent (the “Public Accountants”), which report and opinion shall be
prepared in accordance with audit
standards of the Public Company Accounting Oversight Board and shall not
be subject to any Impermissible Qualification; and

(ii)           (A) management’s assessment of the effectiveness of the Parent’s internal control over financial reporting as
of the end of the Parent’s most
recent fiscal year in accordance with Item 308 of Regulation S-K, and (B) with
respect to the most recent fiscal year of the Parent, an attestation report (or reports) of the
Public Accountants on management’s assessment and the opinion of the Pubic
Accountants independently assessing the effectiveness of the Parent’s internal control over financial reporting in
accordance with Item 308 of Regulation S-K, PCAOB Auditing Standard No. 2, and
Section 404 of Sarbanes-Oxley; and

 41
 

(iii)          a Compliance Certificate as of the end
of such Fiscal Year from a Responsible Officer of the Parent;

(c)           in
the event that the Borrower or the Parent shall then be required to file
reports with the Securities and Exchange Commission pursuant to Section 13 or
15(d) of the Exchange Act, promptly upon transmission thereof, copies of all
such financial statements, proxy statements, notices and reports as either
shall send to its public stockholders generally and copies of all registration
statements (without exhibits) and all reports which either files with the
Securities and Exchange Commission (or any governmental body or agency
succeeding to the functions of the Securities and Exchange Commission);

(d)           as
soon as possible and in any event within five (5) Business Days after the
Borrower or the Parent becomes aware of the occurrence of any Default or the
occurrence of any other event or events that individually or in the aggregate
may have a Materially Adverse Effect, the statement of the President, any Vice
President or the Treasurer of the Borrower or the Parent, as applicable,
setting forth the details of each such Default which has occurred and the
action which the Borrower or the Parent, as applicable, has taken and proposes
to take with respect thereto;

(e)           forthwith
upon learning thereof, written notice describing (i) the institution of any
litigation, arbitration proceeding or governmental proceeding to which the
Borrower, the Parent, or any of their Subsidiaries is a party that, if
adversely determined, would reasonably be expected to result in a liability to
the Borrower, the Parent or any of their Subsidiaries in excess of $15,000,000
(net of actual uncontested insurance coverage or effective, uncontested
indemnifications with respect thereto), and (ii) any materially adverse
determination as to liability or amount of damages in any such litigation or
proceeding;

(f)            promptly
upon learning thereof, written notice describing the institution of any steps
by the Borrower, the Parent or any other Person to terminate any Plan or any
Multiemployer Plan, or the appointment of a receiver to administer any Plan or
any Multiemployer Plan, or the withdrawal by the Borrower, the Parent or any
Related Person from any Multiemployer Plan, or the failure to make a required
contribution to any Plan if such failure is sufficient to give rise to a Lien
under Section 302(f) of ERISA, or the taking of any action with respect to a
Plan which could result in the requirement that any Loan Party furnish a bond
or other security to the PBGC or such Plan, or the occurrence of any event with
respect to any Plan which could reasonably be expected to result in the
incurrence by the Borrower or the Parent of any material liability, fine or
penalty, or any material increase in the contingent liability of any Loan Party
with respect to any post-retirement Welfare Plan benefit or the occurrence of
any Reportable Event;

(g)           such
other reasonable information respecting the business affairs, financial condition,
operations or prospects of the Borrower, the Parent and their Subsidiaries as
the Administrative Agent or any Bank may from time to time reasonably request
in writing;

 42
 

(h)           forthwith
upon learning thereof, written notice to the Administrative Agent of any fact
or circumstance that would have been included in Schedule 2 to permit
the Borrower or the Parent to then make the representation and warranty
contained in Section 7.17;

(i)            copies
of all subordination provisions contained in documentation evidencing
Subordinated Indebtedness purporting to subordinate such Subordinated
Indebtedness to Senior Indebtedness; and

(j)            forthwith
upon learning, thereof, written notice to the Administrative Agent of the
Public Accountants’ determination (in connection with its preparation of its
report under Section 8.1(b)(ii)(B)) or the Parent’s determination of the
occurrence or existence of any Internal Control Event at any time.

Documents required to be
delivered pursuant to Section 8.1(a), (b) or (c) (to the
extent any such documents are included in materials otherwise filed with the
SEC) may be delivered electronically and if so delivered, shall be deemed to
have been delivered on the date (i) on which the Parent posts such
documents, or provides a link thereto on the Parent’s website on the Internet
at the website address listed on Schedule 1(b); or (ii) on which such
documents are posted on the Borrower’s or the Parent’s behalf on an Internet or
intranet website, if any, to which each Bank and the Administrative Agent have
access (whether a commercial, third-party website or whether sponsored by the
Administrative Agent); provided that: (i) the Borrower or the Parent, as
applicable, shall deliver paper copies of such documents to the Administrative
Agent or any Bank that requests the Borrower or the Parent, as applicable, to
deliver such paper copies until a written request to cease delivering paper
copies is given by the Administrative Agent or such Bank and (ii) the Borrower
or the Parent, as applicable, shall notify the Administrative Agent and each
Bank (by telecopier or electronic mail) of the posting of any such documents
and provide to the Administrative Agent by electronic mail electronic versions
(i.e., soft copies) of such documents. 
Notwithstanding anything contained herein, in every instance the Parent
shall be required to provide paper copies of the Compliance Certificates
required by Section 8.1(b)(iii) to the Administrative Agent.  Except for such Compliance Certificates, the
Administrative Agent shall have no obligation to request the delivery or to
maintain copies of the documents referred to above, and in any event shall have
no responsibility to monitor compliance by the Borrower or the Parent, as
applicable, with any such request for delivery, and each Bank shall be solely
responsible for requesting delivery to it or maintaining its copies of such
documents.

Each of the Borrower and
the Parent hereby acknowledges that (a) the Administrative Agent and/or the
Arranger will make available to the Banks materials and/or information provided
by or on behalf of the Borrower and the Parent hereunder (collectively, “Borrower
Materials”) by posting the Borrower Materials on IntraLinks or another
similar electronic system (the “Platform”) and (b) certain of the Banks
may be “public-side” Banks (i.e.,
Banks that do not wish to receive material non-public information with respect
to the Borrower or its securities) (each, a “Public Bank”).  Each of the Borrower and the Parent hereby
agrees that (w) all Borrower Materials that are to be made available to Public
Banks shall be clearly and conspicuously marked “PUBLIC” which, at a minimum,
shall mean that the word “PUBLIC” shall appear prominently on the first page
thereof; (x) by marking Borrower Materials 

 43
 

“PUBLIC”, each of the
Borrower and the Parent shall be deemed to have authorized the Administrative
Agent, the Arranger, the L/C Issuer and the Banks to treat such Borrower
Materials as not containing any material non-public information with respect to
the Borrower or its securities for purposes of United States Federal and state
securities laws (provided, however,
that to the extent such Borrower Materials constitute Information, they shall
be treated as set forth in Section 14.18); (y) all Borrower Materials
marked “PUBLIC” are permitted to be made available through a portion of the
Platform designated “Public Investor”; and (z) the Administrative Agent and the
Arranger shall be entitled to treat any Borrower Materials that are not marked “PUBLIC”
as being suitable only for posting on a portion of the Platform not designated “Public
Investor”.

8.2           Taxes.  Pay or discharge, and cause each of their
Subsidiaries to pay or discharge, all Taxes (other than Excluded Taxes)
relating to the Borrower, the Parent or such of their Subsidiaries, as the case
may be, prior to the date on which penalties attach thereto; provided
that neither the Borrower, the Parent, nor any of their Subsidiaries shall be
required to pay or discharge any such Tax while the same is being contested by
it in good faith and by appropriate proceedings and so long as reserves have
been established to the extent required by GAAP.

8.3           Existence.  Preserve and maintain, and cause each of
their Subsidiaries to preserve and maintain (except for any sale, dissolution,
liquidation or merger not otherwise prohibited hereby), its existence, rights,
privileges and franchises in the jurisdiction of its incorporation or
formation, and qualify and remain qualified as a foreign Person authorized to
do business in each other jurisdiction in which the failure to so qualify would
reasonably be expected to have a Materially Adverse Effect.

8.4           Inspection of Properties.  Permit the Administrative Agent and each of
the Banks or their respective representatives, at any reasonable time and from
time to time at the request of such Person, to visit and inspect, such
inspection to be upon not less than twenty-four (24) hours’ prior notice if no
Default shall have occurred and be continuing, any of the properties of the
Borrower, the Parent, or any of their Subsidiaries, to examine and make copies
of and take abstracts from the records and books of account of the Borrower,
the Parent or any other Loan Party, and to discuss the affairs, finances and
accounts of the Borrower, the Parent or any other Loan Party with the
appropriate officers of the Borrower, the Parent or such other Loan Party.

8.5           Books and Records.  Keep or cause to be kept, and cause each of
their Subsidiaries to keep or cause to be kept, adequate records and books of
account in which complete entries are to be made reflecting its business and
financial transactions and as required by applicable rules and regulations of
any governmental agency or regulatory authority (Federal, state, local or
foreign) having jurisdiction over the Borrower, the Parent or any of their
Subsidiaries.  Such books of account
shall be kept in a manner consistent with GAAP.

8.6           Insurance.  Maintain, and cause each of their
Subsidiaries to maintain or to be obtained on its behalf (to the extent available
at commercially reasonable rates), insurance (including self-insurance) with
respect to its respective properties and businesses against such liabilities,
casualties, risks and contingencies (including business interruption
insurance), in such types and with such reasonable deductibles as are customary
in the case of Persons engaged in the same or similar businesses and similarly
situated.

 44
 

8.7           Compliance
with Applicable Law.  Comply, and
cause each of their Subsidiaries to comply, in all material respects with
Applicable Law, including Applicable Law relating to ERISA and pollution and
environmental matters (including all Environmental Requirements); provided
that neither the Borrower, the Parent nor any of their Subsidiaries shall be
required to comply with any such Applicable Law so long as the validity or
application thereof is being contested in good faith and reserves have been
established with respect to such contest to the extent, if any, required by
GAAP or where such non-compliance would not reasonably be expected to have a
Materially Adverse Effect; and obtain and maintain, and cause each of their
Subsidiaries to obtain and maintain, all permits, licenses and approvals
(collectively, “Permits”) necessary to construct, own, operate, use and
maintain their respective property and assets and to conduct their respective
businesses, except where the failure to obtain or maintain such Permit would
not reasonably be expected to have a Materially Adverse Effect.

8.8           Maintenance of Property.  Do all things necessary to maintain,
preserve, protect and keep its property in good repair, working order and
condition, and make all necessary and proper repairs, renewals and replacements
so that its business carried on in connection therewith may be properly conducted
at all times, and cause their Subsidiaries to do the same as to their
respective properties.

8.9           Ownership of the Borrower.  At all times the Parent shall directly or
indirectly through a wholly-owned Subsidiary own at least ninety-nine percent
(99%) of the outstanding capital stock of the Borrower free and clear of any
Liens.

8.10         Use of Proceeds.  Use the proceeds of the Loans for working
capital and other general corporate purposes.

8.11         Internal Control Events.  Upon notification from the Administrative
Agent to the Borrower and the Parent that the Majority Banks require
remediation of any Internal Control Event of which they have received notice
pursuant to Section 8.1(j) or as reported in any report delivered
pursuant to Section 8.1(b)(ii), remediate or cause to be remediated such
Internal Control Event, and to test and confirm such remediation, not later
than the end of the time period reasonably agreed by the Majority Banks with
the Borrower and the Parent as necessary for such remediation (the “Remediation
Period”).  It is understood that the
Remediation Period will require a sufficient period of time to permit testing
required by the relevant Securities Laws.

ARTICLE IX

NEGATIVE COVENANTS

So
long as any of the Bank Obligations shall remain unpaid or any Bank shall have
a Commitment hereunder, neither the Borrower nor the Parent shall, nor shall
either of them permit any Subsidiary to:

9.1           Negative Pledge.  Create, assume or suffer to exist any Lien
upon any of its property or assets, including capital stock, whether now owned
or hereafter acquired, except for Permitted Liens.

 

 45

9.2           Investments.  Make any Investment or Guaranty other than
(i) a Permitted Investment, (ii) the Parent Guaranty, (iii) a Guaranty by
the Parent of Indebtedness of the Borrower permitted hereunder, or (iv) a
Guaranty by the Borrower of Indebtedness of the Parent permitted hereunder.

9.3           Publicly-Rated Indebtedness.  After receipt of a notice by the Borrower
from the Administrative Agent of the occurrence of any event or events that
individually or in the aggregate may have a Materially Adverse Effect, create,
incur, permit, assume or suffer to exist any publicly-rated Indebtedness
maturing within 180 days after the date of issuance, other than such
publicly-rated Indebtedness of the Borrower or the Parent that is in existence
as of the date of such notice (including any extensions, renewals or
refinancings thereof; provided that such extensions, renewals or
refinancings do not increase the principal amount of such publicly-rated
Indebtedness of the Borrower or the Parent over that of the preceding day).

9.4           Debt to Cash Flow Ratio.  Permit the Debt to Cash Flow Ratio to exceed
3.00 to 1.00 at the end of any Fiscal Quarter.

9.5           Fixed Charge Coverage Ratio.  Permit the Fixed Charge Coverage Ratio to be
less than 1.25 to 1.00 for any Fiscal Quarter.

9.6           Subsidiary Debt.  Permit any Subsidiary other than the Borrower
to incur Indebtedness, except for the following:

(a)           Indebtedness
under Capital Leases;

(b)           Indebtedness
incurred at the time of acquisition of any property to secure a portion of the
purchase price thereof;

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

(d)           Indebtedness
permitted under Section 9.7; and

(e)           Indebtedness
consisting of loans and advances qualifying as Permitted Investments under
paragraph (a) of the definition hereof.

9.7           Letters of Credit.  Arrange for or cause to be issued for its
account or the account of any of their Subsidiaries letters of credit with an
aggregate available amount at any time outstanding in excess of $75,000,000.

9.8           Subordinated Indebtedness.

(a)           Incur
any Subordinated Indebtedness unless such Subordinated Indebtedness is
subordinated to the Bank Obligations in accordance with its terms, and has
other terms and conditions, in all respects acceptable to the Administrative
Agent and the Majority Banks; or

 46
 

(b)           permit
any Subordinated Indebtedness to be secured or to be guaranteed by any
Subsidiary, except on terms and conditions in all respects acceptable to the
Administrative Agent and the Majority Banks.

9.9           Merger, Sale of Assets, etc.  

(a)           Be
a party to any merger, consolidation or reorganization, unless (i) no Default
then exists and no Default would exist immediately after giving effect thereto
or would result therefrom, and (ii)(A) either the Borrower or the Parent is the
surviving corporation, (B) if neither the Borrower nor the Parent is a party
thereto, any wholly owned Subsidiary of the Borrower or the Parent party
thereto is the surviving corporation, or (C) if neither the Borrower, the Parent
nor a wholly owned Subsidiary of the Borrower or the Parent is a party thereto,
the surviving corporation shall be a Subsidiary of the Borrower or the Parent;

(b)           Sell,
transfer, assign, pledge or convey (other than any disposition to the Parent,
the Borrower or any of their Subsidiaries of shares of any Subsidiary) any
shares of capital stock of any Subsidiary (each, a “Disposition”) if the
cumulative book value (at the time of the Disposition thereof) of such shares,
when added to the aggregate book value (at the time of the Disposition thereof)
of all other shares disposed of by the Borrower, the Parent and their
Subsidiaries under this clause (b) from the Effective Date up to and
including the day on which such proposed Disposition is to occur, exceeds
twenty percent (20%) of Net Worth as of the date of the most recent balance
sheet of the Parent delivered pursuant to Section 8.1(a); provided,
however, that concurrently with any Disposition made pursuant to this clause
(b), all or substantially all of the net proceeds of such Disposition shall
be applied to permanently reduce the Total Commitment hereunder (it being
understood that the Borrower will repay Loans in such principal amount as is
required such that the Aggregate Outstanding Loans after such repayment does
not exceed the Total Commitment as so reduced);

(c)           Sell,
transfer, assign or convey (other than in the ordinary course of business, or
pursuant to subsection (b) above, or in connection with (i) any Permitted Lien
granted thereon, (ii) Sale-Leaseback Transactions of assets prior to the
Commitment Termination Date having an aggregate book value up to 10% of the
Parent’s Net Worth as of the end of the preceding calendar year, (iii) any
Permitted Securitized Receivables Transaction, (iv) any sale of the Parent’s
ownership interest in Transplace, Inc. or (v) any additional sale(s) not
covered in (i)-(iv) above in any calendar year of property or assets for net
proceeds up to an aggregate amount of 10% of the Parent’s Net Worth as of the
end of the preceding calendar year) any property or assets of the Borrower, the
Parent or any of their Subsidiaries; or

(d)           Other
than assignments of past due Receivables for collection in the ordinary course
of business or a Permitted Securitized Receivables Transaction, sell, transfer,
convey, lease or assign with or without recourse any Receivables.

9.10         Limitation on Restrictions on
Subsidiary Dividends and Other Distributions.   Permit any of their Subsidiaries, directly
or indirectly, to create or otherwise cause or suffer to 

 47
 

exist or become effective
any encumbrance or restriction on the ability of any of such Subsidiaries to
(a) pay dividends or make any other distributions on its capital stock or any
other interest or participation in its profits owned by the Borrower, the
Parent or any of their Subsidiaries, or pay any Indebtedness owed by any of the
Subsidiaries to the Borrower, the Parent or to any other Subsidiary,
(b) make loans or advances to the Borrower, the Parent or to any other
Subsidiary, (c) create, incur, assume or suffer to exist Liens on the property
of it or any other Subsidiary, or (d) transfer any of its properties or assets
to the Borrower, the Parent or to any other Subsidiary, except for such
encumbrances or restrictions existing under or by reason of applicable law,
this Agreement, and Permitted Liens (such restrictions existing by reason of
any Permitted Lien only prohibiting the transfer of such properties or assets
subject to such Permitted Lien).

9.11         No Conflicts.  Enter into any material agreement containing
any provision which would be violated or breached by the performance of its
obligations hereunder or under any other Loan Document or any instrument or
document delivered or to be delivered by it hereunder or thereunder or in connection
herewith or therewith.

9.12         Nature of Business.  Engage in any business or operations except
for providing distribution and distribution related services, principally as a
common carrier, in the United States and internationally.

9.13         Transactions with Affiliates.  Enter into any material transaction or
material series of transactions (other than a Permitted Securitized Receivables
Transaction), whether or not in the ordinary course of business, with any
Affiliate (other than the Parent, the Borrower or any Subsidiary) other than on
terms and conditions at least as favorable to the Borrower, the Parent or their
Subsidiaries as would be obtainable by the Borrower, the Parent or such
Subsidiaries at the time in a comparable arm’s-length transaction with a Person
other than an Affiliate.

9.14         Margin Stock.  Use or permit any proceeds of the Loans to be
used, either directly or indirectly, for the purpose, whether immediate,
incidental or ultimate, of “purchasing or carrying margin stock” within the meaning
of Regulation U of the FRB or otherwise than for proper corporate purposes
which shall include acquisitions.

ARTICLE X

CONDITIONS PRECEDENT TO THE INITIAL EXTENSION OF CREDIT

10.1         Conditions
Precedent to the Initial Extension of Credit.  Each Bank shall be obligated to make its
initial Extension of Credit upon the fulfillment of each of the following
conditions:

(a)           The
Administrative Agent shall have received each of the following, duly executed
by the appropriate Loan Party:

(i)            This
Agreement;

(ii)           A
Note for the account of each Bank that so requests;

 48
 

(iii)          The
Fee Letter; and

(iv)          The
Parent Guaranty.

(b)           The
Administrative Agent shall have received each of the following:

(i)            An
executed Officer’s Certificate (with a signed copy for each Bank) from each
Loan Party, certifying as to such Person (A) a true and correct copy of such
Person’s certificate of incorporation and all amendments as filed with the
Secretary of State of such Loan Party’s state of incorporation, (B) duly
adopted resolutions of the Board of Directors of such Loan Party, stating that
such resolutions are true and correct, have not been altered or repealed, and
are in full force and effect, approving the execution, delivery and performance
of the Loan Documents to which such Loan Party is a party, and the transactions
contemplated herein and therein, (C) a true and correct copy of such Person’s
bylaws as in effect on the date hereof, and (D) incumbency and specimen
signatures of the officers of the Loan Party executing the Loan Documents to
which such Loan Party is a party.  The
Administrative Agent and the Banks may conclusively rely on such certificates
until the Administrative Agent shall receive a further certificate canceling or
amending the prior certificate and submitting the signatures of the officers
named in such further certificate.

(ii)           Certificates
of existence, good standing and qualification to engage in business regarding
the Borrower, the Parent and each Loan Party issued by the Secretary of State
of each jurisdiction where the Borrower, the Parent or any Loan Party ‘s
ownership, lease or operation of properties or the conduct of its business
requires such qualification, except to the extent that failure to do so could
not reasonably be expected to result in a Material Adverse Effect.

(iii)          The
signed legal opinion of Mitchell, Williams, Selig, Gates & Woodyard,
P.L.L.C.  (with a signed copy for
each Bank), dated the date hereof substantially in the form of Exhibit E,
with such changes (if any) therein as shall be acceptable to the Administrative
Agent and its counsel.

(iv)          Such
other instruments and documents as the Administrative Agent may have reasonably
requested, and all such instruments and documents shall be satisfactory in form
and substance to the Administrative Agent.

(c)           The
Borrower shall have paid all fees referred to in Section 5.1 to the
extent due and payable, and all costs and expenses referred to in Section
14.5 (including legal fees and expenses) due and payable.

(d)           Except
as disclosed in Schedule 3, no event shall have occurred since December
31, 2006 and no condition shall exist which has had or could reasonably be
expected to have a Materially Adverse Effect.

 49
 

(e)           The
Administrative Agent shall have received satisfactory evidence of the
termination of the Existing Revolving Credit Agreement and the payment of all
obligations of the Parent thereunder.

ARTICLE XI

CONDITIONS PRECEDENT TO ALL EXTENSIONS OF CREDIT

11.1         Conditions Precedent to All
Extensions of Credit.  The obligation
of each Bank to make any Extension of Credit (other than an Extension of Credit
Request requesting only a conversion of Committed Loans to the other Type of
Loan, or a continuation of Eurodollar Rate Loans) shall be subject to the
fulfillment at or prior to the time of the making of such Extension of Credit
of each of the following further conditions that:

(a)           The
representations and warranties on the part of the Borrower and the Parent
contained herein shall be true and correct in all material respects on and as
of the Borrowing Date for such Extension of Credit, as though made on and as of
such date (except to the extent that such representations and warranties
expressly relate solely to an earlier date).

(b)           No
Default shall have occurred and be continuing on the Borrowing Date for such
Extension of Credit or would result from the making of such Extension of
Credit.

Each Extension of
Credit to the Borrower (other than an Extension of Credit Request requesting
only a conversion of Committed Loans to the other Type of Loan, or a continuation
of Eurodollar Rate Loans) shall be deemed to be a representation and warranty
by the Borrower on the applicable Borrowing Date as to the matters specified in
clauses (a) and (b) of this Section 11.1.

11.2         Conditions Precedent for the Benefit
of Banks.  All conditions precedent
to the closing of the transaction evidenced by this Agreement are imposed
hereby solely for the benefit of the Banks, and no other Person may require
satisfaction of any such condition precedent.

ARTICLE XII

EVENTS OF DEFAULT

12.1         Events of Default.  The occurrence of any of the following
events, acts and occurrences shall be deemed to constitute an Event of Default
(individually, an “Event of Default”) under this Agreement:

(a)           Non-Payment
of Bank Obligations.  (i) Default in
the payment when due of any principal of any Loan, or (ii) default, and
continuance thereof for five (5) Business Days, in the payment when due of (A)
interest on any Loan or (B) the Facility Fee, any fees payable to the
Administrative Agent pursuant to the Fee Letter or any other amount owing by
any Loan Party hereunder or under the Notes; or

 50
 

(b)           Non-Payment
of Other Indebtedness.  Default in
the payment when due (subject to any applicable grace period), whether by
acceleration or otherwise, of any Indebtedness of the Borrower, the Parent or
any of their Subsidiaries (except any such Indebtedness of any Subsidiary to
the Borrower, the Parent or to any other Subsidiary) in excess of $50,000,000
in the aggregate or default in the performance or observance of any obligation
or condition (after the expiration of any applicable grace period) with respect
to any such Indebtedness in excess of $50,000,000 in the aggregate if the
effect of such default in the performance or observance is to accelerate the
maturity of Indebtedness or to permit the holder or holders thereof, or any
trustee or agent for such holders, to cause (after the expiration of any
applicable grace period) such Indebtedness to become due and payable prior to
its expressed maturity; or

(c)           Representations
and Warranties.  Any representation
or warranty on the part of any Loan Party contained in this Agreement, in any
other Loan Document or in any other certificate, document or instrument
delivered in connection with this Agreement or any other Loan Document shall at
any time prove to have been incorrect in any material respect when made or
deemed to be made or reaffirmed, as the case may be; or

(d)           Certain
Non-Compliance with this Agreement. 
The Borrower or the Parent shall default in any respect in the
performance or observance of any term, covenant, condition or agreement on its
part to be performed or observed under Section 8.1(d), 8.4, 8.6
or 8.9, Article IX or Section 14.9 hereof; or

(e)           Other
Non-Compliance with this Agreement or any Loan Document.  Any Loan Party shall default in any material
respect in the performance or observance of any other term, covenant, condition
or agreement on its part to be performed or observed hereunder or under any
other Loan Document (and not constituting an Event of Default under any other
clause of this Section), and such default shall continue unremedied for thirty
(30) days after written notice thereof shall have been received by the Borrower
from the Administrative Agent (acting at the direction of any Bank); or

(f)            Voluntary
Bankruptcy, Insolvency, etc.  Either
(i) the Borrower, the Parent or any of their Subsidiaries shall become
insolvent or generally fail to pay, or admit in writing its inability to pay,
its debts as they become due, or shall voluntarily commence any proceeding or
file any petition under any bankruptcy, insolvency or similar law or seeking
dissolution or reorganization or the appointment of a receiver, trustee,
custodian or liquidator for itself or a substantial portion of its property,
assets or business or to effect a plan or other arrangement with its creditors,
or shall file any answer admitting the jurisdiction of the court and the
material allegations of an involuntary petition filed against it in any
bankruptcy, insolvency or similar proceeding, or shall be adjudicated bankrupt,
or shall make a general assignment for the benefit of creditors, or shall
consent to, or acquiesce in the appointment of, a receiver, trustee, custodian
or liquidator for itself or a substantial portion of its property, assets or
business, or (ii) any action indicating its consent to, approval of, or
acquiescence in any of the foregoing shall be taken by the Borrower, the Parent
or any of their Subsidiaries; or

 51
 

(g)           Involuntary
Bankruptcy, Insolvency, etc.  Involuntary
proceedings or an involuntary petition shall be commenced or filed against the
Borrower, the Parent or any of their Subsidiaries under any bankruptcy,
insolvency or similar law or seeking the dissolution or reorganization of the
Borrower, the Parent or any of their Subsidiaries or the appointment of a
receiver, trustee, custodian or liquidator for the Borrower, the Parent or any
of their Subsidiaries or of a substantial part of the property, assets or
business of the Borrower, the Parent or any of their Subsidiaries, and such
proceedings or petition shall not be dismissed within sixty (60) days after
commencement or filing as the case may be; or

(h)           ERISA.  If (i) any Reportable Event constituting
grounds for the termination of any Plan by the PBGC occurs and the maximum
amount of current liability that may be asserted under Title IV of ERISA by
reason of the termination of such Plan and all other Plans with respect to
which any such event has occurred shall exceed $10,000,000; or the appointment by
the appropriate United States District Court of a trustee to administer or
liquidate any such Plan or Plans shall have occurred and be continuing thirty
(30) days after written, telegraphic or telephonic notice to such effect shall
have been given to the Borrower by the PBGC and the maximum amount of current
liability that may be asserted under Title IV of ERISA by reason of the
termination of such Plan and all other Plans with respect to which any such
event has occurred, shall exceed $10,000,000, or (ii) any Plan shall be
terminated with Unfunded Vested Liabilities, or (iii) any contribution failure
shall occur with respect to a Plan sufficient to give rise to a Lien under
Section 302(f) of ERISA; or

(i)            Senior Debt.  Any of the Bank Obligations shall cease to be
“Senior Debt” or “Senior Funded Debt” or qualify as being of similar standing
or substance within the meaning of the instruments evidencing Subordinated
Indebtedness, or the subordination provisions in the instruments evidencing
Subordinated Indebtedness shall at any time and for any reason cease to be in
full force and effect; or

(j)            Other
Material Obligations.  The Borrower,
the Parent or any of their Subsidiaries shall default in the payment when due,
or in the performance or observance of, any material obligation of, or
condition agreed to by, such Person with respect to any material purchase or
lease of goods or services (except only to the extent that the existence of any
such default is being contested by the Borrower, the Parent or such Subsidiary
in good faith and by appropriate proceedings) if such default would reasonably
be expected to have a Materially Adverse Effect; or

(k)           Assets.  Assets of the Borrower, the Parent or any of
their Subsidiaries with a net book value in excess of $15,000,000 shall be
attached for execution or become subject to the order of any court or any other
process for execution and attachment and such attachment, order or process
shall remain in effect and undischarged for thirty (30) days; or

(l)            Judgments.  One or more final judgments for the payment
of money with respect to which the Borrower, the Parent or any of their
Subsidiaries is not indemnified or insured (which indemnification or insurance
shall not in any way be contested) shall be 

 52
 

rendered against the
Borrower, the Parent or any of their Subsidiaries in an aggregate amount in
excess of $15,000,000 and the same shall remain undischarged for a period of
thirty (30) days during which execution of such judgment shall not be
effectively stayed; or

(m)          Environmental
Matters.  The Borrower, the Parent or
any of their Subsidiaries shall be the subject of any proceeding or
investigation pertaining to the release by the Borrower, the Parent or any of
their Subsidiaries, or any other Person, of any Hazardous Material, or any
violation of or non-compliance with any Environmental Requirement, which would,
in either case, have a Materially Adverse Effect; or

(n)           Guaranties.  Any Loan Party or any Person by, through or
on behalf of any Loan Party shall contest in any manner the validity, binding
nature or enforceability of the Parent Guaranty; or

(o)           Change
of Control Event.  A Change of
Control Event shall occur.

12.2         Effect of Event of Default.  If any Event of Default described in Section
12.1(f) or Section 12.1(g) shall occur, the Commitments and the
Total Commitment (if they have not theretofore terminated) shall immediately
and automatically terminate and all Loans, all interest thereon, and all other
amounts payable under this Agreement shall become immediately and automatically
due and payable, all without presentment, demand, protest or notice of any kind
(including notice of intent to accelerate), all of which are hereby expressly
waived by the Borrower; and, in the case of the occurrence of any other Event of
Default, the Administrative Agent, upon written request of the Majority Banks,
shall declare the Commitments and the Total Commitment (if they have not
theretofore terminated) to be terminated and all Loans to be due and payable,
whereupon the Commitments and the Total Commitment (if they have not
theretofore terminated) shall immediately terminate and all Loans, all interest
thereon, and all other amounts payable under this Agreement shall become
immediately due and payable, all without presentment, demand, protest or notice
of any kind (including notice of intent to accelerate), all of which are hereby
expressly waived by the Borrower. 
Promptly following the making of any such declaration, the
Administrative Agent shall give notice thereof to the Borrower and each Bank,
but failure to do so shall not impair the effect of such declaration.

ARTICLE XIII

THE ADMINISTRATIVE AGENT AND THE BANKS

13.1        Appointment and
Powers of Administrative Agent.

(a)            Each Bank hereby irrevocably
appoints, designates and authorizes the Administrative Agent to take such
action on its behalf under the provisions of this Agreement and each other Loan
Document and to exercise such powers and perform such duties as are expressly
delegated to it by the terms of this Agreement or any other Loan Document,
together with such powers as are reasonably incidental thereto.  Notwithstanding any provision to the contrary
contained elsewhere herein or in any other Loan Document, the Administrative
Agent shall not have any duties or responsibilities, except those expressly set
forth herein, nor shall the Administrative Agent have or be 

 53
 

deemed to have any fiduciary relationship with any
Bank or participant, and no implied covenants, functions, responsibilities,
duties, obligations or liabilities shall be read into this Agreement or any
other Loan Document or otherwise exist against the Administrative Agent.  Without limiting the generality of the
foregoing sentence, the use of the term “agent” herein and in the other Loan
Documents with reference to the Administrative Agent is not intended to connote
any fiduciary or other implied (or express) obligations arising under agency
doctrine of any applicable law.  Instead,
such term is used merely as a matter of market custom, and is intended to
create or reflect only an administrative relationship between independent
contracting parties.

(b)           The
Administrative Agent shall have no duties or responsibilities except those
expressly set forth in this Agreement and the other Loan Documents and those
duties and liabilities shall be subject to the limitations and qualifications
set forth in this Section.  The duties of
the Administrative Agent shall be mechanical and administrative in nature.  The Administrative Agent shall not have nor
be deemed to have any fiduciary relationship with any Bank, and no implied
covenants, functions, responsibilities, duties, obligations or liabilities
shall be read into this Agreement or any other Loan Document or otherwise exist
against the Administrative Agent.

(c)           No
Agent-Related Person shall be liable for any action taken or omitted to be
taken by any of them under or in connection with this Agreement or any other
Loan Document or the transactions contemplated hereby (except for its own gross
negligence or willful misconduct in connection with its duties expressly set
forth herein), or be responsible in any manner to any Bank or participant for
any recital, statement, representation or warranty made by any Loan Party or
any officer thereof, contained herein or in any other Loan Document, or in any
certificate, report, statement or other document referred to or provided for
in, or received by the Administrative Agent under or in connection with, this
Agreement or any other Loan Document, or the validity, effectiveness, genuineness,
enforceability or sufficiency of this Agreement or any other Loan Document, or
for any failure of any Loan Party or any other party to any Loan Document to
perform its obligations hereunder or thereunder.  No Agent-Related Person shall be under any
obligation to any Bank or participant to ascertain or to inquire as to the
observance or performance of any of the agreements contained in, or conditions
of, this Agreement or any other Loan Document, or to inspect the properties,
books or records of any Loan Party or any Affiliate thereof.

(d)           The
Administrative Agent shall be entitled to rely, and shall be fully protected in
relying, upon any writing, communication, signature, resolution,
representation, notice, consent, certificate, affidavit, letter, telegram,
facsimile, telex or telephone message, electronic mail message, statement or
other document or conversation believed by it to be genuine and correct and to
have been signed, sent or made by the proper Person or Persons, and upon advice
and statements of legal counsel (including counsel to any Loan Party),
independent accountants and other experts selected by the Administrative
Agent.  The Administrative Agent shall be
fully justified in failing or refusing to take any action under any Loan
Document unless it shall first receive such advice or concurrence of the
Majority Banks as it deems appropriate and, if it so requests, it shall first
be indemnified to its satisfaction by the Banks against any and all liability 

 54
 

and expense which
may be incurred by it by reason of taking or continuing to take any such
action.  The Administrative Agent shall
in all cases be fully protected in acting, or in refraining from acting, under
this Agreement or any other Loan Document in accordance with a request or
consent of the Majority Banks (or such greater number of Banks as may be
expressly required hereby in any instance) and such request and any action
taken or failure to act pursuant thereto shall be binding upon all the Banks.

(i)            For
purposes of determining compliance with the conditions specified in Section
10.1, each Bank that has signed this Agreement shall be deemed to have
consented to, approved or accepted or to be satisfied with, each document or
other matter required thereunder to be consented to or approved by or
acceptable or satisfactory to a Bank unless the Administrative Agent shall have
received notice from such Bank prior to the proposed Effective Date specifying
its objection thereto.

(ii)           The
Administrative Agent shall not be deemed to have knowledge or notice of the
occurrence of any Default or Event of Default, except with respect to defaults
in the payment of principal, interest and fees required to be paid to the
Administrative Agent for the account of the Banks, unless the Administrative
Agent shall have received written notice from a Bank or the Borrower referring
to this Agreement, describing such Default or Event of Default and stating that
such notice is a “notice of default.” The Administrative Agent will notify the
Banks of its receipt of any such notice. 
The Administrative Agent shall take such action with respect to such
Default or Event of Default as may be directed by the Majority Banks in
accordance with Article XII; provided that unless and until the
Administrative Agent has received any such direction, the Administrative Agent
may (but shall not be obligated to) take such action, or refrain from taking
such action, with respect to such Default or Event of Default as it shall deem
advisable or in the best interest of the Banks.

(e)           Each
Bank hereby agrees, to the extent of such Bank’s Percentage (and to the extent
not reimbursed by the Loan Parties), to indemnify and hold harmless the
Agent-Related Persons hereunder and under any other Loan Document, from and
against any and all losses, liabilities (including liabilities for penalties),
actions, suits, judgments, demands, damages, costs and expenses (including
attorneys’ fees and expenses) incurred by or imposed upon any Agent-Related
Person in such capacity as a result of any action taken or omitted to be taken
by any Agent-Related Person in such capacity or otherwise incurred or suffered
by, made upon, or assessed against any Agent-Related Person in such capacity; provided
that no Bank shall be liable for any portion of any such losses, liabilities
(including liabilities for penalties), actions, suits, judgments, demands,
damages, costs or expenses that result from or are attributable to gross
negligence or willful misconduct on the part of any Agent-Related Person or its
officers, employees or agents.  Without
limiting the generality of the foregoing, each Bank hereby agrees, to the
extent of such Bank’s Percentage, to reimburse the Agent-Related Persons,
promptly following any such Person’s demand, for any documented, out-of-pocket
expenses (including reasonable attorneys’ fees and expenses) incurred by such
Person in connection with the preparation, execution, delivery, administration
and enforcement of 

 55
 

the Loan Documents
and not reimbursed to such Person by the Loan Parties, except to the extent
such expenses are caused by the gross negligence or willful misconduct of such
Person.  If and to the extent that the
foregoing undertaking may be unenforceable for any reason, each Bank hereby
agrees to make the maximum contribution, to the extent of such Bank’s
Percentage, to the payment and satisfaction of each of such amounts which is
permissible under Applicable Law. 
Notwithstanding any other provision hereof, each Bank’s obligations
under this Section 13.1 shall survive the termination of such Bank’s
Commitment and this Agreement and the discharge of the Loan Parties’
obligations hereunder but only with respect to such matters which occurred
prior to the time such Bank ceased to be a Bank hereunder.

(f)            The
Administrative Agent shall be entitled to act or refrain from acting, and in
all cases shall be fully protected in acting or refraining from acting, under
this Agreement, the Notes or any other Loan Document in accordance with
instructions in writing from the Majority Banks (or all Banks to the extent
required by Section 14.1, as applicable).

13.2         Non-Reliance by Banks.  Each Bank acknowledges that none of the
Administrative Agent or any of its affiliates (each, an “Agent-Related
Person”) has made any representation or warranty to it, and that no act by
the Administrative Agent hereinafter taken, including any consent to and
acceptance of any assignment or review of the affairs of the Borrower and its
Subsidiaries, shall be deemed to constitute any representation or warranty by
any Agent-Related Person to any Bank as to any matter, including whether
Agent-Related Persons have disclosed material information in their
possession.  Each Bank, including any
Bank by assignment, represents to the Administrative Agent that it has,
independently and without reliance upon any Agent-Related Person and based on
such documents and information as it has deemed appropriate, made its own
appraisal of and investigation into the business, prospects, operations,
property, financial and other condition and creditworthiness of Borrower and
its Subsidiaries, and all applicable bank regulatory laws relating to the
transactions contemplated hereby, and made its own decision to enter into this
Agreement and to extend credit to the Borrower hereunder.  Each Bank also represents that it will,
independently and without reliance upon any Agent-Related Person and based on
such documents and information as it shall deem appropriate at the time,
continue to make its own credit analysis, appraisals and decisions in taking or
not taking action under this Agreement and the other Loan Documents, and to
make such investigations as it deems necessary to inform itself as to the
business, prospects, operations, property, financial and other condition and
creditworthiness of the Borrower.  Except
for notices, reports and other documents expressly required to be furnished to
the Banks by the Administrative Agent herein, the Administrative Agent shall
not have any duty or responsibility to provide any Bank with any credit or
other information concerning the business, prospects, operations, property,
financial and other condition or creditworthiness of the Borrower or any of its
Subsidiaries which may come into the possession of any Agent-Related Person.

13.3         Indemnification of Agent-Related
Persons.  Whether or not the
transactions contemplated hereby are consummated, the Banks shall indemnify
upon demand each Agent-Related Person (to the extent not reimbursed by or on
behalf of any Loan Party and without limiting the obligation of any Loan Party
to do so), pro rata, and hold harmless each Agent-Related Person from and
against any and all Indemnified Liabilities incurred by it; provided
that 

 56
 

no Bank shall be liable
for the payment to any Agent-Related Person of any portion of such Indemnified
Liabilities to the extent determined in a final, nonappealable judgment by a
court of competent jurisdiction to have resulted from such Agent-Related Person’s
own gross negligence or willful misconduct; provided that no action
taken in accordance with the directions of the Majority Banks shall be deemed
to constitute gross negligence or willful misconduct for purposes of this
Section.  Without limitation of the
foregoing, each Bank shall reimburse the Administrative Agent upon demand for
its ratable share of any costs or out-of-pocket expenses (including reasonable
attorneys’ fees) incurred by the Administrative Agent in connection with the
preparation, execution, delivery, administration, modification, amendment or
enforcement (whether through negotiations, legal proceedings or otherwise) of,
or legal advice in respect of rights or responsibilities under, this Agreement,
any other Loan Document, or any document contemplated by or referred to herein,
to the extent that the Administrative Agent is not reimbursed for such expenses
by or on behalf of the Borrower.  The
undertaking in this Section shall survive termination of the Commitments, the
payment of all other obligations of the Borrower, the Parent or any of their
Subsidiaries under the Credit Agreement or any other Loan Document and the
resignation of the Administrative Agent.

13.4         Excess Payments.  Except for payments made to or for the
benefit of any Bank pursuant to the indemnity or additional compensation
provisions of Section 5.3, Article VI, or Section 14.5, if
any Bank shall receive, out of the assets of any Loan Party or otherwise, any
payment on account of, (a) prior to any Pro Rata Distribution Event, its
Committed Loans, and (b) after any Pro Rata Distribution Event, any Bank
Obligations in excess of such Bank’s pro  rata share of the total
sums received by the Banks as payments on account of the Committed Loans or the
Bank Obligations, as the case may be, whether the same be paid, received or
applied voluntarily, involuntarily or by operation of law, by application of
offset on any debt or otherwise, then such Bank shall purchase for cash from
the other Banks an undivided interest in all the Committed Loans or the Bank
Obligations, as the case may be, of the same class in an amount which shall result
in each Bank receiving its pro  rata share of such total sums; provided
that if any such purchase is made and the excess payment (or portion thereof)
requiring such purchase is thereafter recovered (in whole or in part) from the
purchasing Bank, then such purchase shall be pro  tanto rescinded
and the applicable portion of the purchase price restored to the purchasing
Bank, without interest.  The Borrower
agrees that any Bank so purchasing an undivided interest from another Bank
pursuant to this Section 13.4 may, to the fullest extent permitted by
law, exercise all its rights of payment (including offset) with respect to such
undivided interest as fully as if such Bank were the direct creditor of such
Loan Party in the amount of such undivided interest.

13.5         Obligations Several.  The obligations of the Banks hereunder are
several, and neither the Administrative Agent nor any Bank shall be responsible
for the obligation of any other Bank hereunder, nor will the failure of any
Bank to perform any of its obligations hereunder relieve the Administrative
Agent or any other Bank from the performance of its obligations hereunder.  Nothing contained in this Agreement, and no
action taken by the Banks or the Administrative Agent pursuant hereto or in
connection with any other Loan Document, shall be deemed to constitute the
Banks, together or with the Administrative Agent, a partnership, association,
joint venture or other entity.

 

 57

13.6         Successor Administrative Agent.  The Administrative Agent may resign as
Administrative Agent upon thirty (30) days notice to the Banks.  If the Administrative Agent resigns under
this Agreement, the Majority Banks shall appoint from among the Banks a successor
administrative agent for the Banks, which successor administrative agent shall
be consented to by the Borrower at all times other than during the existence of
an Event of Default (which consent of the Borrower shall not be unreasonably
withheld or delayed).  If no successor
administrative agent is appointed prior to the effective date of the
resignation of the Administrative Agent, the Administrative Agent may appoint,
after consulting with the Banks and the Borrower, a successor administrative agent
from among the Banks.  Upon the
acceptance of its appointment as successor administrative agent hereunder, the
Person acting as such successor administrative agent shall succeed to all the
rights, powers and duties of the retiring Administrative Agent and the term “Administrative
Agent” shall mean such successor administrative agent, and the retiring
Administrative Agent’s appointment, powers and duties as Administrative Agent
shall be terminated.  After any retiring
Administrative Agent’s resignation hereunder as Administrative Agent, the
provisions of this Article XIII and Sections 14.5 and 14.6 shall
inure to its benefit as to any actions taken or omitted to be taken by it while
it was Administrative Agent under this Agreement.  If no successor administrative agent has
accepted appointment as Administrative Agent by the date which is thirty (30)
days following a retiring Administrative Agent’s notice of resignation, the
retiring Administrative Agent’s resignation shall nevertheless thereupon become
effective and the Banks shall perform all of the duties of the Administrative
Agent hereunder until such time, if any, as the Majority Banks appoint a
successor agent as provided for above.

13.7         Administrative Agent in Individual
Capacity.  Bank of America and its
Affiliates may make loans to, issue letters of credit for the account of,
accept deposits from, acquire equity interests in and generally engage in any
kind of banking, trust, financial advisory, underwriting or other business with
each of the Loan Parties and their respective Affiliates as though Bank of
America were not the Administrative Agent hereunder and without notice to or
consent of the Banks.  The Banks
acknowledge that, pursuant to such activities, Bank of America or its
Affiliates may receive information regarding any Loan Party or its Affiliates
(including information that may be subject to confidentiality obligations in
favor of such Loan Party or such Affiliate) and acknowledge that the
Administrative Agent shall be under no obligation to provide such information
to them.  With respect to its Loans, Bank
of America shall have the same rights and powers under this Agreement as any
other Bank and may exercise such rights and powers as though it were not the
Administrative Agent, and the terms “Bank” and “Banks” include Bank of America
in its individual capacity.

13.8         Notice to Holder of Notes.  The Administrative Agent may deem and treat
the payees of the Notes as the owners thereof for all purposes unless a written
notice of assignment, negotiation or transfer thereof has been filed with the
Administrative Agent.  Any request,
authority or consent of any holder of any Note shall be conclusive and binding
on any subsequent holder, transferee or assignee of such Note.

13.9         Delegation of Duties.  The Administrative Agent may execute any of
its duties under this Agreement or any other Loan Document by or through
agents, employees or attorneys-in-fact and shall be entitled to advice of
counsel and other consultants or experts concerning all matters pertaining to
such duties.  The Administrative Agent
shall not be 

 58
 

responsible for the
negligence or misconduct of any agent or attorney-in-fact that it selects in
the absence of gross negligence or willful misconduct.

13.10       Funding Reliance.  (a)         Unless
the Administrative Agent receives notice from a Bank by 11:00 a.m., Chicago
time, on a proposed Borrowing Date that such Bank will not make available to
the Administrative Agent an amount equal to its Percentage of the Borrowing on
such date, the Administrative Agent may assume that such Bank has made such
amount available to the Administrative Agent and, in reliance upon such
assumption, make a corresponding amount available to the Borrower.  If and to the extent such Bank has not made
such amount available to the Administrative Agent, such Bank and the Borrower
jointly and severally agree to repay such amount to the Administrative Agent
forthwith on demand, together with interest thereon at the interest rate
applicable to Loans comprising such Borrowing or, in the case of any Bank which
repays such amount within three Business Days, the Federal Funds Rate (together
with such other compensatory amounts as may be determined by the Administrative
Agent to be required to be paid by such Bank to the Administrative Agent
pursuant to banking industry rules on interbank compensation).  Nothing set forth in this clause (a)
shall relieve any Bank of any obligation it may have to make any Loan
hereunder.

(b)           Unless
the Administrative Agent receives notice from the Borrower prior to the due
date for any payment hereunder that the Borrower does not intend to make such
payment, the Administrative Agent may assume that the Borrower has made such
payment and, in reliance upon such assumption, make available to each Bank its
share of such payment.  If and to the
extent that the Borrower has not made any such payment to the Administrative
Agent, each Bank which received a share of such payment shall repay such share
(or the relevant portion thereof) to the Administrative Agent forthwith on
demand, together with interest thereon at the Base Rate (or, in the case of any
Bank which repays such amount within three Business Days the Federal Funds Rate
together with such other compensatory amounts as may be determined by the Administrative
Agent to be required to be paid by such Bank to the Administrative Agent
pursuant to banking industry rules on interbank compensation).  Nothing set forth in this clause (b)
shall relieve the Borrower of any obligation it may have to make any payment
hereunder.

13.11       Administrative Agent May File Proofs
of Claim.  In case of the pendency of
any receivership, insolvency, liquidation, bankruptcy, reorganization,
arrangement, adjustment, composition or other judicial proceeding relative to
any Loan Party, the Administrative Agent (irrespective of whether the principal
of any Loan shall then be due and payable as herein expressed or by declaration
or otherwise and irrespective of whether the Administrative Agent shall have
made any demand on the Borrower) shall be entitled and empowered, by
intervention in such proceeding or otherwise

(a)           to
file and prove a claim for the whole amount of the principal and interest owing
and unpaid in respect of the Loans and all other obligations under the Credit
Agreement or any other Loan Document that are owing and unpaid and to file such
other documents as may be necessary or advisable in order to have the claims of
the Banks and the Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Banks and the 

 59
 

Administrative
Agent and their respective agents and counsel and all other amounts due the
Banks and the Administrative Agent under Sections 5.1 and 14.5)
allowed in such judicial proceeding; and

(b)           to
collect and receive any monies or other property payable or deliverable on any
such claims and to distribute the same;

and any custodian,
receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Bank to make such
payments to the Administrative Agent and, in the event that the Administrative
Agent shall consent to the making of such payments directly to the Banks, to
pay to the Administrative Agent any amount due for the reasonable compensation,
expenses, disbursements and advances of the Administrative Agent and its agents
and counsel, and any other amounts due the Administrative Agent under Sections
5.1 and 14.5.

Nothing
contained herein shall be deemed to authorize the Administrative Agent to
authorize or consent to or accept or adopt on behalf of any Bank any plan of
reorganization, arrangement, adjustment or composition affecting the
obligations of the Borrower or any Subsidiary under this Agreement or any other
Loan Document or the rights of any Bank or to authorize the Administrative
Agent to vote in respect of the claim of any Bank in any such proceeding.

13.12       Arranger; Other Agents.  None of the Arranger, the Co-Syndication
Agents, in such capacity, shall have any duties, obligations or liabilities to
any of the parties to this Agreement.

ARTICLE XIV

MISCELLANEOUS

14.1         Amendments, Etc.  No amendment or
waiver of any provision of this Agreement or any other Loan Document, and no
consent to any departure by the Borrower or any other Loan Party therefrom,
shall be effective unless in writing signed by the Majority Banks and the
Borrower or the applicable Loan Party, as the case may be, and acknowledged by
the Administrative Agent, and each such waiver or consent shall be effective
only in the specific instance and for the specific purpose for which given; provided,
however, that no such amendment, waiver or consent shall:

(a)           waive
any condition set forth in Section 10.1 without the written consent of
each Bank;

(b)           extend
or increase the Commitment of any Bank (or reinstate any Commitment terminated
pursuant to Section 12.2) without the written consent of such Bank
(except for any increase pursuant to Section 2.7 or for any extension
pursuant to Section 2.8);

(c)           postpone
any date fixed by this Agreement or any other Loan Document for any payment or mandatory prepayment of principal,
interest, fees or other amounts 

 60
 

due to the Banks
(or any of them) or any scheduled or mandatory reduction of the Total
Commitment hereunder or under any other Loan Document without the written
consent of each Bank directly affected thereby;

(d)           reduce
the principal of, or the rate of interest specified herein on, any Loan or
(subject to clause (iii) of the
second proviso to this Section 14.1) any fees or other amounts payable
hereunder or under any other Loan Document without the written consent of each
Bank directly affected thereby; provided, however, that only the
consent of the Majority Banks shall be necessary to amend the definition of “Default
Rate” or to waive any obligation of the Borrower to pay interest at the Default
Rate;

(e)           change
Section 5.4  in a manner
that would alter the pro rata sharing of payments required thereby without the
written consent of each Bank;

(f)            change
any provision of this Section or the definition of “Majority Banks” or any
other provision hereof specifying the number or percentage of Banks required to
amend, waive or otherwise modify any rights hereunder or make any determination
or grant any consent hereunder, without the written consent of each Bank; or

(g)           release the Parent from the Parent Guaranty;

and, provided
further, that (i) no amendment, waiver or consent shall, unless in
writing and signed by the Administrative Agent in addition to the Banks
required above, affect the rights or duties of the Administrative Agent under
this Agreement or any other Loan Document; and (ii) Section 14.10(i) may not be amended, waived or
otherwise modified without the consent of each Granting Bank all or any part of
whose Loans are being funded by an SPC at the time of such amendment, waiver or
other modification; and (iii) the Fee Letter may only be amended, or rights or
privileges thereunder waived, in a writing executed only by the parties
thereto.

14.2         Payment on Non-Business Days.  Except as provided in paragraph (B) of
the definition of Loan Period, whenever any payment to be made hereunder by the
Borrower shall be due on a day which is not a Business Day, then such payment
shall be made on the next succeeding day on which the Administrative Agent is
open at its address set forth on Schedule 1(b) for such purpose, unless
such day would extend beyond the Commitment Termination Date, in which event
such payment shall be made on the next preceding such day.

14.3         Further Assurances.  The Borrower agrees to do such further acts
and things and to execute and deliver to the Administrative Agent such
additional assignments, agreements, powers and instruments as the
Administrative Agent reasonably may require or deem advisable to carry into
effect the purposes of this Agreement or to better assure and confirm unto the
Administrative Agent and the Banks their respective rights, powers and remedies
hereunder.

14.4         Notices, etc.

(a)           Except
where telephonic instructions or notices are authorized herein to be given (and
except as provided in subsection (b) below), all notices, demands, instructions
and other communications required or permitted to be given to or made upon any
party hereto or any other Person shall be in writing and (except for financial
statements 

 61
 

pertaining to any
Loan Party, which may be sent by first-class mail, postage prepaid) shall be
personally delivered or sent by registered or certified mail, postage prepaid,
return receipt requested, or by Federal Express or other reputable express mail
service, or by facsimile (confirmed promptly thereafter by personal delivery or
mailing in accordance with the provisions of this Section 14.4 of the
document sent by facsimile) and shall be deemed to be given for purposes of
this Agreement on the day that such writing is delivered or sent to the
intended recipient thereof in accordance with the provisions of this Section
14.4; provided that notice by registered or certified mail shall be deemed
to be given three (3) Business Days after it is so sent.  Unless otherwise specified in a notice sent
or delivered in accordance with the foregoing provisions of this Section
14.4, notices, demands, instructions and other communications in writing
shall be given to or made upon the respective parties hereto at their
respective addresses (or to their respective facsimile numbers) indicated below
in the case of the Borrower and on Schedule 1(b) in the case of the
Administrative Agent and the Banks, and, in the case of telephonic instructions
or notices, by calling the telephone number or numbers indicated for such party
below or on Schedule 1(b), as the case may be:

If to the Borrower:

J.B.
Hunt Transport, Inc.

615 J.B. Hunt Corporate Drive

Lowell, Arkansas 72745

Attention: Vice President, Treasurer

Telephone No.: (479) 820-8762

Facsimile No.: (479) 820-8896.

Anything herein to the
contrary notwithstanding, notices from the Borrower pursuant to Sections 2.3,
4.1, 4.2 and 6.7 shall be effective, for purposes of this
Agreement, only when actually received by all Persons to whom such notice is
required to be sent or given.

(b)           Electronic
Communications.  Notices and other
communications to the Banks hereunder may be delivered or furnished by
electronic communication (including e-mail and Internet or intranet websites)
pursuant to procedures approved by the Administrative Agent, provided
that the foregoing shall not apply to notices to any Bank if such Bank has
notified the Administrative Agent that it is incapable of receiving notices
under such Article by electronic communication. 
The Administrative Agent or the Borrower may, in its discretion, agree
to accept notices and other communications to it hereunder by electronic
communications pursuant to procedures approved by it, provided that
approval of such procedures may be limited to particular notices or
communications.

Unless
the Administrative Agent otherwise prescribes, (i) notices and other
communications sent to an e-mail address shall be deemed received upon the
sender’s receipt of an acknowledgement from the intended recipient (such as by
the “return receipt requested” function, as available, return e-mail or other
written acknowledgement), provided that if such notice or other
communication is not sent during the normal 

 62
 

business hours of the recipient,
such notice or communication shall be deemed to have been sent at the opening
of business on the next business day for the recipient, and (ii) notices
or communications posted to an Internet or intranet website shall be deemed
received upon the deemed receipt by the intended recipient at its e-mail
address as described in the foregoing clause (i) of notification that such
notice or communication is available and identifying the website address
therefor.

(c)           The
Platform.  THE PLATFORM IS PROVIDED “AS
IS” AND “AS AVAILABLE.”  THE AGENT
PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE
BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM
LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS.  NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR
STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR
PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR
OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER
MATERIALS OR THE PLATFORM.  In no event
shall the Administrative Agent or any of its Related Parties (collectively, the
“Agent Parties”) have any liability to the Borrower, the Parent, any
Bank or any other Person for losses, claims, damages, liabilities or expenses
of any kind (whether in tort, contract or otherwise) arising out of the
Borrower’s, the Parent’s or the Administrative Agent’s transmission of Borrower
Materials through the Internet, except to the extent that such losses, claims,
damages, liabilities or expenses are determined by a court of competent
jurisdiction by a final and nonappealable judgment to have resulted from the
gross negligence or willful misconduct of such Agent Party; provided, however,
that in no event shall any Agent Party have any liability to the Borrower, the
Parent, any Bank or any other Person for indirect, special, incidental,
consequential or punitive damages (as opposed to direct or actual damages).

14.5         Costs, Expenses and Taxes.  Except as otherwise provided in the Fee
Letter, the Borrower agrees to pay all costs and expenses of the Agent-Related
Persons in connection with the negotiation, preparation, printing,
reproduction, syndication, execution and delivery of this Agreement, each other
Loan Document, any amendments, waivers or modifications of (or supplements to)
any of the foregoing and any and all other documents furnished pursuant hereto
or thereto or in connection herewith or therewith, including the reasonable
fees and out-of-pocket expenses of attorneys for the Agent-Related Persons
relating thereto (as well as the reasonable fees and out-of-pocket expenses of
attorneys retained by the Administrative Agent in connection with the routine
administration of this Agreement and each other Loan Document), costs and
expenses of the Agent-Related Persons relating to the publishing of
announcements and related publicity relating to the transaction contemplated in
this Agreement, and all costs and expenses (including attorneys’ fees and
expenses), if any, in connection with the enforcement of this Agreement.  The Borrower additionally agrees to reimburse
each Bank for all reasonable charges and disbursements of legal counsel and
other expenses of enforcement for such Bank (including the allocated cost of
staff counsel) arising in connection with any Event of Default if any Loan,
interest thereon, or other amounts due hereunder payable to such Bank has not
been paid when due, including the collection or enforcement of the Bank
Obligations owing to such Bank.  In
addition, the Borrower shall pay any and all stamp, transfer and other Taxes
(other than 

 63
 

Excluded Taxes) payable
or determined to be payable in connection with the execution and delivery of
this Agreement, or any other Loan Document, or the making of any Extension of
Credit, and agrees to save and hold harmless the Agent-Related Persons and each
Bank from and against any and all liabilities with respect to or resulting from
any delay in paying or omission to pay such Taxes.

14.6         Indemnification.  The Borrower shall indemnify and hold
harmless each Agent-Related Person, each Bank and their respective Affiliates,
directors, officers, employees, counsel, agents and attorneys-in-fact
(collectively the “Indemnitees”) from and against any and all liabilities,
obligations, losses, damages, penalties, claims, demands, actions, judgments,
suits, costs, expenses and disbursements (including reasonable attorneys’ fees)
of any kind or nature whatsoever which may at any time be imposed on, incurred
by or asserted against any such Indemnitee in any way relating to or arising
out of or in connection with (a) the execution, delivery, enforcement,
performance or administration of any Loan Document or any other agreement,
letter or instrument delivered in connection with the transactions contemplated
thereby or, in the case of each Agent-Related Person only, the administration
of this Agreement and each Loan Document, (b) any Commitment or Loan or the use
or proposed use of the proceeds therefrom, or (c) any actual or alleged
presence or release of Hazardous Materials on or from any property currently or
formerly owned or operated by the Borrower, the Parent, any of their
Subsidiaries or any other Loan Party, or any environmental liability related in
any way to the Borrower, the Parent, any of their Subsidiaries or any other
Loan Party but, in each case, only to the extent that such claim against or
liability of an Indemnitee is based upon or arises from the Indemnitee’s rights
or obligations under any Loan Document, or (d) any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing,
whether based on contract, tort or any other theory (including any
investigation of, preparation for, or defense of any pending or threatened
claim, investigation, litigation or proceeding) and regardless of whether any
Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified
Liabilities”); provided that such indemnity shall not, as to any
Indemnitee, be available to the extent that such liabilities, obligations,
losses, damages, penalties, claims, demands, actions, judgments, suits, costs,
expenses or disbursements are determined by a court of competent jurisdiction
by final and nonappealable judgment to have resulted from the gross negligence
or willful misconduct of such Indemnitee. 
No Indemnitee shall be liable for any damages arising from the use by
others of any information or other materials obtained through IntraLinks or other
similar information transmission systems in connection with this Agreement, nor
shall any Indemnitee have any liability for any special, punitive, indirect or
consequential damages relating to this Agreement or any other Loan Document or
arising out of its activities in connection herewith or therewith (whether
before or after the Effective Date).  The
Borrower shall not have any indemnity obligations to Indemnitees under this Section
14.6 for any amount, claim or loss for which an Indemnitee is otherwise
directly liable to any other Indemnitee pursuant to Section 13.4 or 13.10.   All amounts due under this Section 14.6
shall be payable within ten (10) Business Days after demand therefor.  The agreements in this Section shall survive
the resignation of the Administrative Agent, the replacement of any Bank, the
termination of the Commitments and the repayment, satisfaction or discharge of
all the other obligations under this Agreement or any other Loan Document.

14.7         Severability of Provisions.  Any provision of this Agreement which is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of 

 64
 

such prohibition or
unenforceability without invalidating the remaining provisions hereof or
affecting the validity or enforceability of such provision in any other
jurisdiction.

14.8         Confirmations.  The Borrower and each holder of a Note agree
from time to time, upon written request received by one from the other, to
confirm to the other in writing (with a copy of each such confirmation to be
delivered to the Administrative Agent) the aggregate unpaid principal amount of
the Loans then outstanding under such Note; and each such holder agrees from
time to time, upon written request received by it from the Borrower, to make
the Notes held by it (including any schedule attached thereto) available for
reasonable inspection by the Borrower at the office of such holder.

14.9         Binding Effect; Assignment.  This Agreement shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and
assigns; provided that neither the Borrower nor (except as, and to the
extent, otherwise provided herein) any Bank may assign its rights hereunder or
in connection herewith or any interest herein (voluntarily, by operation of law
or otherwise) without (a) in the case of any assignment by the Borrower, the
prior written consent of all Banks, and (b) in the case of any assignment by a
Bank, pursuant to Section 14.10. 
This Agreement shall not be construed so as to confer any right or
benefit upon any Person other than the parties to this Agreement and their
respective successors and assigns and, to the extent expressly provided herein,
Participants.

14.10       Successors and Assigns.

(a)           The
provisions of this Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns permitted
hereby, except that the Borrower may not assign or otherwise transfer any of
its rights or obligations hereunder without the prior written consent of the
Administrative Agent and each Bank and no Bank may assign or otherwise transfer
any of its rights or obligations hereunder except (i) to an Eligible Assignee
in accordance with the provisions of clause (b) of this Section, (ii) by
way of participation in accordance with the provisions of clause (d) of
this Section, (iii) by way of pledge or assignment of a security interest
subject to the restrictions of clause (f) of this Section, or (iv) to an
SPC in accordance with the provisions of clause (h) of this
Section.  Any other attempted assignment
or transfer by any party hereto shall be null and void.  Nothing in this Agreement, expressed or
implied, shall be construed to confer upon any Person (other than the parties
hereto, their respective successors and assigns permitted hereby, Participants
to the extent provided in clause (d) of this Section and, to the extent
expressly contemplated hereby, the Indemnitees) any legal or equitable right,
remedy or claim under or by reason of this Agreement.

(b)           Any
Bank may at any time assign to one or more Eligible Assignees all or a portion
of its rights and obligations under this Agreement (including all or a portion
of its Commitment and the Loans at the time owing to it); provided that
(i) except in the case of an assignment of the entire remaining amount of the
assigning Bank’s Commitment and the Loans at the time owing to it or in the
case of an assignment to a Bank or an Affiliate of a Bank or an Approved Fund
(as defined in clause (g) of this Section) with respect to a Bank, the
aggregate amount of the Commitment (which for this 

 65
 

purpose includes
Loans outstanding thereunder) or, if the Commitment is then not in effect, the
principal outstanding balance of the Loans of the assigning Banks subject to
each such assignment, determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Administrative Agent or, if
“Trade Date” is specified in the Assignment and Assumption, as of the Trade
Date, shall not be less than $5,000,000 unless each of the Administrative Agent
and, so long as no Event of Default has occurred and is continuing, the
Borrower otherwise consents (such consent of the Borrower not to be
unreasonably withheld or delayed), provided, however, that
concurrent assignments to members of an Assignee Group and concurrent
assignments from members of an Assignee Group to a single Eligible Assignee (or
to an Eligible Assignee and members of its Assignee Group) will be treated as a
single assignment for purposes of determining whether such minimum amount has
been met; (ii) each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Bank’s rights and obligations under
this Agreement with respect to the Loans or the Commitment assigned; (iii) any
assignment of a Commitment must be approved by the Administrative Agent unless
the Person that is the proposed assignee is itself a Bank, an Affiliate of such
Bank or an Approved Fund with respect to such Bank (whether or not the proposed
assignee would otherwise qualify as an Eligible Assignee); and (iv) the parties
to each assignment shall execute and deliver to the Administrative Agent an
Assignment and Assumption, together with a processing and recordation fee in
the amount of $3,500; provided, however, that the Administrative Agent may, in
its sole discretion, elect to waive such processing and recordation in the case
of any assignment.  Subject to acceptance
and recording thereof by the Administrative Agent pursuant to clause (c)
of this Section, from and after the effective date specified in each Assignment
and Assumption, the Eligible Assignee thereunder shall be a party to this
Agreement and, to the extent of the interest assigned by such Assignment and
Assumption, have the rights and obligations of a Bank under this Agreement, and
the assigning Bank thereunder shall, to the extent of the interest assigned by
such Assignment and Assumption, be released from its obligations under this
Agreement (and, in the case of an Assignment and Assumption covering all of the
assigning Bank’s rights and obligations under this Agreement, such Bank shall
cease to be a party hereto) but shall continue to be entitled to the benefits
of Sections 5.3, 6.1, 6.4, 14.5 and 14.6
with respect to facts and circumstances occurring prior to the effective date
of such assignment).  Upon request, the
Borrower (at its expense) shall execute and deliver a Note to the assignee
Bank.  Any assignment or transfer by a
Bank of rights or obligations under this Agreement that does not comply with
this clause shall be treated for purposes of this Agreement as a sale by such
Bank of a participation in such rights and obligations in accordance with clause
(d) of this Section.

(c)           The
Administrative Agent, acting solely for this purpose as an agent of the
Borrower, shall maintain at the office of the Administrative Agent a copy of
each Assignment and Assumption delivered to it and a register for the
recordation of the names and addresses of the Banks, and the Commitments of,
and principal amounts of the Loans owing to, each Bank pursuant to the terms
hereof from time to time (the “Register”).  The entries in the Register shall be
conclusive, and the Borrower, the Administrative Agent and the Banks may treat
each Person whose name is recorded in the Register pursuant to the terms hereof
as a Bank hereunder for all purposes of this 

 66
 

Agreement,
notwithstanding notice to the contrary. 
The Register shall be available for inspection by the Borrower and any
Bank, at any reasonable time and from time to time upon reasonable prior
notice.  In addition, at any time that a
request for a consent for a material or substantial change to the Loan
Documents is pending, any Bank may request and receive from the Administrative
Agent a copy of the Register.

(d)           Any
Bank may at any time, without the consent of, or notice to, the Borrower or the
Administrative Agent, sell participations to any Person (other than a natural
person or the Borrower or any of the Borrower’s Affiliates or Subsidiaries)
(each, a “Participant”) in all or a portion of such Bank’s rights and/or
obligations under this Agreement (including all or a portion of its Commitment
and/or the Loans owing to it); provided that (i) such Bank’s obligations under
this Agreement shall remain unchanged, (ii) such Bank shall remain solely
responsible to the other parties hereto for the performance of such obligations
and (iii) the Borrower, the Administrative Agent and the other Banks shall
continue to deal solely and directly with such Bank in connection with such
Bank’s rights and obligations under this Agreement.  Any agreement or instrument pursuant to which
a Bank sells such a participation shall provide that such Bank shall retain the
sole right to enforce this Agreement and to approve any amendment, modification
or waiver of any provision of this Agreement; provided that such
agreement or instrument may provide that such Bank will not, without the
consent of the Participant, agree to any amendment, waiver or other
modification described in the first proviso to Section 14.1 that
directly affects such Participant. 
Subject to clause (e) of this Section, the Borrower agrees that
each Participant shall be entitled to the benefits of Sections 6.1 and 6.4
to the same extent as if it were a Bank and had acquired its interest by
assignment pursuant to clause (b) of this Section.  To the extent permitted by law, each
Participant also shall be entitled to the benefits of Section 5.5 as
though it were a Bank, provided such Participant agrees in writing to be
subject to Section 5.4 as though it were a Bank, it being understood
that, by signing a participation agreement, such Participant shall be deemed to
have agreed to be subject to Section 5.4.

(e)           A
Participant shall not be entitled to receive any greater payment under Section
6.1 than the applicable Bank would have been entitled to receive with
respect to the participation sold to such Participant, unless the sale of the
participation to such Participant is made with the Borrower’s prior written
consent.   A Participant that would not
be a US Person if it were a Bank shall not be entitled to the benefits of Section
5.3 unless the Borrower is notified of the participation sold to such
Participant and such Participant agrees, for the benefit of the Borrower, to
comply with Section 5.3 as though it were a Bank.

(f)            Any
Bank may at any time pledge or assign a security interest in all or any portion
of its rights under this Agreement (including under its Note, if any) to secure
obligations of such Bank to a Federal Reserve Bank; provided that no
such pledge or assignment shall release such Bank from any of its obligations
hereunder or substitute any such pledgee or assignee for such Bank as a party
hereto.

(g)           Electronic
Execution of Assignments.  The words “execution,”
“signed,” “signature,” and words of like import in any Assignment and
Assumption shall be 

 67
 

deemed to include
electronic signatures or the keeping of records in electronic form, each of
which shall be of the same legal effect, validity or enforceability as a manually
executed signature or the use of a paper-based recordkeeping system, as the
case may be, to the extent and as provided for in any applicable law, including
the Federal Electronic Signatures in Global and National Commerce Act, the New
York State Electronic Signatures and Records Act, or any other similar state
laws based on the Uniform Electronic Transactions Act.

(h)           As used herein, the following terms
have the following meanings:

“Eligible Assignee”
means (1) a Bank; (ii) an Affiliate of a Bank; (iii) an Approved Fund; and (iv)
any other Person (other than a natural person) approved by (x) the
Administrative Agent and (y) unless an Event of Default has occurred and is
continuing, the Borrower (each such approval not to be unreasonably withheld or
delayed); provided that notwithstanding the foregoing, “Eligible Assignee”
shall not include the Borrower or any of the Borrower’s Affiliates or
Subsidiaries.

“Fund” means any Person (other than a natural
person) that is (or will be) engaged in making, purchasing, holding or
otherwise investing in commercial loans and similar extensions of credit in the
ordinary course of its business.

“Approved Fund” means any Fund that is
administered or managed by (i) a Bank or (ii) an Affiliate of a Bank.

“Assignee Group” means two or more Eligible
Assignees that are Affiliates of one another or two or more Approved Funds
managed by the same investment advisor.

(i)            Notwithstanding
anything to the contrary contained herein, any Bank (a “Granting Bank”)
may grant to a special purpose funding vehicle identified as such in writing
from time to time by the Granting Bank to the Administrative Agent and the
Borrower (an “SPC”) the option to provide all or any part of any
Committed Loan that such Granting Bank would otherwise be obligated to make
pursuant to this Agreement; provided that (i) nothing herein shall constitute a
commitment by any SPC to fund any Committed Loan, and (ii) if an SPC elects not
to exercise such option or otherwise fails to make all or any part of such
Committed Loan, the Granting Bank shall be obligated to make such Committed
Loan pursuant to the terms hereof.  Each
party hereto hereby agrees that (i) neither the grant to any SPC nor the
exercise by any SPC of such option shall increase the costs or expenses or
otherwise increase or change the obligations of the Borrower under this
Agreement (including its obligations under Section 6.1), (ii) no SPC
shall be liable for any indemnity or similar payment obligation under this
Agreement for which a Bank would be liable, it being understood that the
Granting Bank shall remain liable for such indemnity or similar payment
obligation and (iii) the Granting Bank shall for all purposes remain the Bank
of record hereunder.  The making of a
Committed Loan by an SPC hereunder shall utilize the Commitment of the Granting
Bank to the same extent, and as if, such Committed Loan were made by such
Granting Bank.  In 

 68
 

furtherance of the
foregoing, each party hereto hereby agrees (which agreement shall survive the
termination of this Agreement) that, prior to the date that is one year and one
day after the payment in full of all outstanding commercial paper or other
senior debt of any SPC, it will not institute against, or join any other Person
in instituting against, such SPC in its capacity as a lender hereunder any
bankruptcy, reorganization, arrangement, insolvency, or liquidation proceeding
under the laws of the United States or any State thereof.  Notwithstanding anything to the contrary contained
herein, any SPC may (i) with notice to, but without prior consent of the
Borrower and the Administrative Agent and with the payment of a processing fee
of $3,500, assign all or any portion of its right to receive payment with
respect to any Committed Loan to the Granting Bank and (ii) disclose,
unless otherwise prohibited by the Exchange Act, on a confidential basis any
non-public information relating to its funding of Committed Loans to any rating
agency, commercial paper dealer or provider of any surety or guarantee or
credit or liquidity enhancement to such SPC.

14.11       Execution in Counterparts.  This Agreement may be executed in any number
of counterparts and by different parties hereto on separate counterparts, each
of which counterparts, when so executed and delivered, shall be deemed to be an
original and all of which counterparts, taken together, shall constitute but
one and the same Agreement.

14.12       GOVERNING LAW.  THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT
SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK,
AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF SAID
STATE, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS.

14.13       CHOICE OF FORUM; CONSENT TO SERVICE OF
PROCESS AND JURISDICTION.  ANY SUIT,
ACTION OR PROCEEDING AGAINST ANY LOAN PARTY WITH RESPECT TO THIS AGREEMENT, THE
NOTES OR THE OTHER LOAN DOCUMENTS OR ANY JUDGMENT ENTERED BY A COURT IN RESPECT
THEREOF, MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK LOCATED IN NEW
YORK COUNTY, NEW YORK, OR IN THE UNITED STATES COURTS LOCATED IN NEW YORK
COUNTY, NEW YORK AS THE BANKS AND THE ADMINISTRATIVE AGENT IN THEIR DISCRETION
MAY ELECT AND EACH SUCH LOAN PARTY HEREBY SUBMITS TO THE NON-EXCLUSIVE
JURISDICTION OF SUCH COURTS FOR THE PURPOSE OF ANY SUCH SUIT, ACTION OR
PROCEEDING.  EACH LOAN PARTY HEREBY
AGREES THAT SERVICE OF ALL WRITS, PROCESS AND SUMMONSES IN ANY SUCH SUIT,
ACTION OR PROCEEDING BROUGHT IN THE STATE OF NEW YORK MAY BE BROUGHT UPON THE
PROCESS AGENT, AND EACH SUCH LOAN PARTY HEREBY IRREVOCABLY APPOINTS THE PROCESS
AGENT AS ITS TRUE AND LAWFUL ATTORNEY-IN-FACT IN THE NAME, PLACE AND STEAD OF
THE BORROWER TO ACCEPT SUCH SERVICE OF ANY AND ALL SUCH WRITS, PROCESS AND
SUMMONSES.  EACH LOAN PARTY HEREBY
IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS IN ANY SUIT, ACTION OR PROCEEDING
IN SAID COURT BY THE MAILING THEREOF BY THE ADMINISTRATIVE AGENT OR ANY BANK BY
REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO THE BORROWER’S ADDRESS SET
FORTH IN SECTION 14.4 HEREOF. 
EACH LOAN PARTY HEREBY 

 69
 

IRREVOCABLY WAIVES ANY
OBJECTIONS WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY
SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THE LOAN DOCUMENTS
BROUGHT IN THE COURTS LOCATED IN NEW YORK COUNTY, NEW YORK, AND HEREBY FURTHER
IRREVOCABLY WAIVES ANY CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT
IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

14.14       WAIVER OF JURY TRIAL.  EACH LOAN PARTY, THE ADMINISTRATIVE AGENT AND
EACH BANK HEREBY WAIVE, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT TO
A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS
UNDER THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR UNDER ANY AMENDMENT,
INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE
DELIVERED IN CONNECTION HEREWITH OR THEREWITH OR ARISING FROM OR RELATING TO
ANY BANKING RELATIONSHIP EXISTING IN CONNECTION WITH THIS AGREEMENT, AND AGREE,
TO THE EXTENT PERMITTED BY APPLICABLE LAW, THAT ANY SUCH ACTION OR PROCEEDING
SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY.

14.15       Headings.  Article and Section headings used in this
Agreement are provided for convenience of reference only and shall not affect
the construction of this Agreement.

14.16       ENTIRE AGREEMENT.  THE LOAN DOCUMENTS AND THE OTHER DOCUMENTS
ENTERED INTO IN CONNECTION THEREWITH INCLUDING THIS AGREEMENT, THE NOTES, THE
FEE LETTER, AND THE OTHER LOAN DOCUMENTS, REPRESENT THE FINAL AGREEMENT BETWEEN
THE LOAN PARTIES, THE ADMINISTRATIVE AGENT AND THE BANKS AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL
AGREEMENTS OF THE PARTIES.  EACH LOAN
PARTY CERTIFIES THAT IT IS RELYING ON NO REPRESENTATION, WARRANTY, COVENANT OR
AGREEMENT EXCEPT FOR THOSE SET FORTH HEREIN AND IN THE OTHER LOAN DOCUMENTS.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS
BETWEEN THE PARTIES.

14.17       USA PATRIOT Act Notice.  Each Bank that is
subject to the Act (as hereinafter defined) and the Administrative Agent (for
itself and not on behalf of any Bank) hereby notifies the Borrower that
pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L.
107-56 (signed into law October 26, 2001)) (the “Act”), it is required
to obtain, verify and record information that identifies the Borrower, which
information includes the name and address of the Borrower and other information
that will allow such Bank or the Administrative Agent, as applicable, to
identify the Borrower in accordance with the Act.

14.18       Treatment of Certain Information;
Confidentiality.  Each of the Administrative Agent and the Banks
agrees to maintain the confidentiality of the Information (as defined below),
except that Information may be disclosed (a) to its Affiliates and to its and
its Affiliates’ respective partners, directors, officers, employees, agents,
advisors and representatives (it being understood that the Persons to whom such
disclosure is made will be informed of the 

 70
 

confidential nature of
such Information and instructed to keep such Information confidential),
(b) to the extent requested by any regulatory authority purporting to have
jurisdiction over it or its Affiliates (including any self-regulatory
authority, such as the National Association of Insurance Commissioners), (c) to
the extent required by applicable laws or regulations or by any subpoena or
similar legal process, (d) to any other party hereto, (e) in connection with
the exercise of any remedies hereunder or under any other Loan Document or any
action or proceeding relating to this Agreement or any other Loan Document or
the enforcement of rights hereunder or thereunder, (f) subject to an agreement
containing provisions substantially the same as those of this Section, to (i)
any assignee of or Participant in, or any prospective assignee of or
Participant in, any of its rights or obligations under this Agreement or (ii)
any actual or prospective counterparty (or its advisors) to any swap or
derivative transaction relating to the Borrower and its obligations, (g) with
the consent of the Borrower or the Parent or (h) to the extent such Information
(x) becomes publicly available other than as a result of a breach of this
Section or (y) becomes available to the Administrative Agent, any Bank or any
of their respective Affiliates on a nonconfidential basis from a source other
than the Borrower or the Parent.

For purposes of this
Section, “Information” means all information received from the Borrower,
the Parent or any of their Subsidiaries relating to the Borrower, the Parent or
any of their Subsidiaries or any of their respective businesses, other than any
such information that is available to the Administrative Agent or any Bank on a
nonconfidential basis prior to disclosure by the Borrower, the Parent or any of
their Subsidiaries, provided that, in the case of information received
from the Borrower, the Parent or any of their Subsidiaries after the date
hereof, such information is clearly identified at the time of delivery as
confidential.  Any Person required to
maintain the confidentiality of Information as provided in this Section shall
be considered to have complied with its obligation to do so if such Person has
exercised the same degree of care to maintain the confidentiality of such
Information as such Person would accord to its own confidential information.

Each of the
Administrative Agent and the Banks acknowledges that (a) the Information may
include material non-public information concerning the Borrower, the Parent or
any of their Subsidiaries, as the case may be, (b) it has developed compliance
procedures regarding the use of material non-public information and (c) it will
handle such material non-public information in accordance with applicable law,
including Federal and state securities laws.

14.19       No Advisory or Fiduciary
Responsibility.  In connection with
all aspects of each transaction contemplated hereby (including in connection
with any amendment, waiver or other modification hereof or of any other Loan
Document), the Borrower and each other
Loan Party acknowledges and agrees, and acknowledges its Affiliates’ understanding, that:  (i) (A) the arranging and other services
regarding this Agreement provided by the Administrative Agent and the Arranger,
are arm’s-length commercial transactions between the Borrower, and each other Loan Party and their respective Affiliates, on the
one hand, and the Administrative Agent and
the Arranger, on the other hand, (B) each of the Borrower and the other Loan
Parties has consulted its own legal, accounting, regulatory and tax advisors to
the extent it has deemed appropriate, and (C) the Borrower and each other Loan Party is capable
of evaluating, and understands and accepts, the terms, risks and conditions of
the transactions contemplated hereby and by the other Loan Documents; (ii) (A)
the Administrative Agent and the
Arranger, and each other Arranger

 71
 

each is and has been acting
solely as a principal and, except as expressly agreed in writing by the
relevant parties, has not been, is not, and will not be acting as an advisor,
agent or fiduciary for the Borrower,
any other Loan Party or any of their
respective Affiliates or any other Person and (B) neither the
Administrative Agent nor the
Arranger has any obligation to the Borrower, any other Loan Party or any of their respective Affiliates with
respect to the transactions contemplated hereby except those obligations
expressly set forth herein and in the other Loan Documents and (iii) the
Administrative Agent and the
Arranger and their respective Affiliates may be engaged in a broad range of
transactions that involve interests that differ from those of the Borrower, the other Loan Parties and their respective Affiliates, and
neither the Administrative Agent nor
the Arranger has any obligation to disclose any of such interests  to the Borrower, any other Loan Party or any
of their respective Affiliates.  To the
fullest extent permitted by law, each
of the Borrower and the other
Loan Parties hereby waives and releases any claims that it may have
against the Administrative Agent and
the Arranger with respect to any breach or alleged breach of agency or
fiduciary duty in connection with any aspect of any transaction contemplated
hereby.

 

 72

 

IN WITNESS
WHEREOF, the parties hereto have caused this Agreement to be executed by their
respective officers thereunto duly authorized.

	
  

  	
  J.B. HUNT TRANSPORT, INC.

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  J.B. HUNT TRANSPORT SERVICES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
				

 

CREDIT AGREEMENT

Signature Page

 

	
  

  	
  BANK OF AMERICA, N.A., as
  Administrative 

  Agent

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
  Charles Graber

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A., as a Bank

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
				

 

CREDIT AGREEMENT

Signature Page

 

SCHEDULE
1(a)

TO
SENIOR REVOLVING CREDIT FACILITY

BANKS’
COMMITMENTS

 

	
  Bank

  	
   

  	
  Commitment

  	
   

  	
  Percentage

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Bank of America, N.A.

  	
   

  	
  $

  	
  35,000,000.00

  	
   

  	
  13.0000

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SunTrust Bank

  	
   

  	
  $

  	
  27,000,000.00

  	
   

  	
  11.0000

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  LaSalle Bank National
  Association

  	
   

  	
  $

  	
  27,000,000.00

  	
   

  	
  11.0000

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Deutsche Bank AG New
  York Branch

  	
   

  	
  $

  	
  27,000,000.00

  	
   

  	
  11.0000

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The Bank of
  Tokyo-Mitsubishi UFJ, Ltd.

  	
   

  	
  $

  	
  27,000,000.00

  	
   

  	
  11.0000

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  JPMorgan Chase Bank,
  N.A.

  	
   

  	
  $

  	
  27,000,000.00

  	
   

  	
  11.0000

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  U.S. Bank National Association

  	
   

  	
  $

  	
  20,000,000.00

  	
   

  	
  8.0000

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  UBS Loan Finance LLC

  	
   

  	
  $

  	
  20,000,000.00

  	
   

  	
  8.0000

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Regions Bank

  	
   

  	
  $

  	
  20,000,000.00

  	
   

  	
  8.0000

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Branch Banking and
  Trust Company

  	
   

  	
  $

  	
  20,000,000.00

  	
   

  	
  8.0000

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TOTAL

  	
   

  	
  $

  	
  250,0000,000.00

  	
   

  	
  100.0000

  	
  %

  

 

 

 1(a)-1

 

SCHEDULE
1(b)

TO SENIOR REVOLVING CREDIT FACILITY

BANKS’
ADDRESSES

[TO
BE UPDATED WITH NEW ADMIN FORMS]

BANK OF
AMERICA, N.A.

Administrative Agent’s Office

(for payments and requests for
Requests for Credit Extensions)

Bank of America, N.A.,

101 N. Tryon Street, 15th Floor

Charlotte, NC  28255

Attention:  Robert Lloyd

Telephone No.:  704-387-3615

Facsimile No.:  704-719-8311

Email:  robert.l.lloyd@bankofamerica.com

Payment
Instructions:

Bank of America, N.A.

New York, New York

ABA:  026009593

Account No.:  1366212250600

Attention:  Corporate Credit
Support

Reference:  J.B. Hunt Transport, Inc.

All Other Notices as
Administrative Agent and other Credit Matters:

Bank of America, N.A.,

Mailcode:  CA5-701-05-19 

1455 Market Street, 5th Floor 

San Francisco, CA  94103

Attention:  Charles Graber

Telephone No.:  415-436-3495 

Facsimile No.:  415-503-5006 

Email: charles.graber@bankofamerica.com

With a copy to:

Bank
of America, N.A.

Mailcode:  IL1-231-10-10

231 South LaSalle Street,
10th Floor

Chicago, IL 60697

Attention:  Brian Lukehart

Telephone No.:   312-828-6883

Email:
brian.lukehart@bankofamerica.com

 1(b)-1
 

 

SUNTRUST
BANK

Credit
Contact

201 4th Avenue, North

TN-Nashville-1937

Nashville, Tennessee  37219

Attention:  Bill Crawford

Telephone:  615-748-4629

Facsimile:  615-748-4269

Email:  bill.crawford@suntrust.com

Operations
Contact

303 Peachtree Street

GA-Atlanta-1941

Atlanta, Georgia  30308

Attention:  Simone Hendricks

Telephone:  404-588-7077

Facsimile:  404-230-1940

Email:  simone.hendricks@suntrust.com

LASALLE BANK NATIONAL ASSOCIATION

Credit
Contact

3343 Peachtree Road NE, Suite 500

Atlanta, Georgia  30326

Attention:  Nick Weaver, Senior
Vice President

Telephone:  404-732-1235

Facsimile:  404-732-1265

Email:  nick.weaver@abnamro.com

Operations
Contact

135 S. LaSalle Street, Suite 1425

Chicago, Illinois  60603

Attention:  Candy Danckaert

Telephone:  312-904-4534

Facsimile:  312-821-8710

Email:  candy.danckaert@abnamro.com

 1(b)-2
 

 

DEUTSCHE
BANK AG NEW YORK BRANCH

Credit
Contact

60 Wall Street

New York, New York  10005

Attention:  Oliver Schwarz

Telephone:  212-250-8610

Facsimile:  212-797-4420

Email:      oliver.schwarz@db.com

Operations
Contact

90 Hudson Street, JCY05-0601

Jersey City, New Jersey  07302

Attention:  Cheryl Mandelbaum

Telephone:  201-593-2231

Facsimile:  201-593-2313

Email:  cheryl.mandelbaum@dm.com

 

THE BANK
OF TOKYO-MITSUBISHI UFJ, LTD.

Credit
Contact

2001 Ross Avenue, #3150

Dallas, Texas  75201

Attention:  Douglas M. Barnell

Telephone:  214-954-1240

Facsimile:  214-954-1007

Email:  dbarnell@us.mufg.jp

Operations
Contact

New Jersey

Attention:  Jimmy Yu

Telephone:  201-413-8566

Facsimile:  201-521-2338

Email:  jyu@us.mufg.jp

 1(b)-3
 

 

JPMORGAN
CHASE BANK, N.A.

Credit
Contact

270 Park Avenue, 4th Floor

New York, New York  10017

Attention:  Tony Yung, Vice
President

Telephone:  212-270-0586

Facsimile:  212-270-5100

Email:  tony.yung@jpmorgan.com

Operations
Contact

1111 Fannin St. 10th Floor

Houston, Texas  77002

Attention:  Brandi Underwood

Telephone:  713-750-7923

Facsimile:  713-750-2938

Email:  brandi.underwood@jpmorgan.com

REGIONS BANK

Credit
Contact

417 North 20th Street

Birmingham, Alabama  35203

Attention:  Jay Ingram

Telephone:  205-244-2772

Facsimile:  205-326-7788

Email:       
jay.ingram@regions.com

Operations
Contact

201 Milan Parkway

Birmingham, Alabama  35211

Attention:  Stephanie Reid

Telephone:  205-420-7736

Facsimile:  205-801-5250

Email:       
sncservices@regions.com

 1(b)-4
 

 

BRANCH
BANKING AND TRUST COMPANY

Credit
Contact

200 West Second Street, 16th Floor

Winston-Salem, North Carolina 
27101

Attention:  Cory Boyte

Telephone:  336-733-2719

Facsimile:  336-733-2740

Email:  cboyte@bbandt.com

Operations Contact

200 West Second Street, 16th Floor

Winston-Salem, North Carolina 
27101

Attention:  Liz Holder

Telephone:  336-733-2728

Facsimile:  336-733-2740

Email:  lholder@bbandt.com

UBS LOAN FINANCE LLC

Credit
Contact

677 Washington Boulevard, 6th Floor South

Stamford, Connecticut  06901

Attention:   Deborah Porter

Telephone:  203-719-6391

Facsimile:  203-719-3888

Email:  deborah.porter@ubs.com

Operations
Contact

677 Washington Boulevard, 6th Floor South

Stamford, Connecticut  06901

Attention:   Deborah Porter

Telephone:  203-719-6391

Facsimile:  203-719-3888

Email:  deborah.porter@ubs.com

 1(b)-5
 

 

U.S.
BANK NATIONAL ASSOCIATION

Credit
Contact

One U.S. Bank Plaza, SL-MO-T12M

Saint Louis, Missouri  63101

Attention:  Joseph P. Howard

Telephone:  314-418-8247

Facsimile:  314-418-3859

Email:  joseph.howard@usbank.com

Operations
Contact

400 City Center

Oshkosh, Wisconsin  54901

Attention:  Connie Sweeney

Telephone:  920-237-7604

Facsimile:  920-237-7993

Email:  connie.sweeney@usbank.com

 

 1(b)-6

 

SCHEDULE
2

TO
SENIOR REVOLVING CREDIT FACILITY

ENVIRONMENTAL
MATTERS

None.

 

 2-1

 

SCHEDULE
3

TO
SENIOR REVOLVING CREDIT FACILITY

FINANCIAL
STATEMENTS, NO

LITIGATION
AND CONTINGENT LIABILITIES

Financial
Statements

The Parent’s
Consolidated Balance Sheets dated December 31, 2006 and 2005; the Parent’s
Consolidated Statements of Earnings for the years ended December 31, 2006,
2005, and 2004; the Parent’s Consolidated Statements of Stockholders’ Equity
for the years ended December 31, 2006, 2005, and 2004: the Parent’s
Consolidated Statements of Cash Flows for the years ended December 31, 2006,
2005, and 2004; and the Notes to Consolidated Financial Statements all
incorporated by reference from the Parent’s Form 10-K dated December 31, 2006,
filed February 28, 2007.

No Litigation; Material
Contingent Liabilities

None.

 

 3-1

 

SCHEDULE
4

TO
SENIOR REVOLVING CREDIT FACILITY

LIENS

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

 

 4-1

 

SCHEDULE
5

TO
SENIOR REVOLVING CREDIT FACILITY

SUBSIDIARIES

PARENT  

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

J.B.  Hunt Corp., a Delaware corporation

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

L.A. Inc., an
Arkansas corporation

FIS, Inc., a
Nevada corporation

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

BORROWER

JBH Receivables LLC, a Delaware limited liability
corporation

 

 5-1

 

SCHEDULE
6

TO
SENIOR REVOLVING CREDIT FACILITY

PRICING
MATRIX

 

	
  Pricing Tier

  	
   

  	
   

  	
   

  	
  Facility Fee

  	
   

  	
  Eurodollar Margin

  	
   

  	
  Utilization Fee

  	
   

  	
  Base Rate Margin

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  I

  	
   

  	
  0.050

  	
  %

  	
  0.150

  	
  %

  	
  0.050

  	
  %

  	
  0.000

  	
  %

  
	
  II

  	
   

  	
  0.060

  	
  %

  	
  0.190

  	
  %

  	
  0.050

  	
  %

  	
  0.000

  	
  %

  
	
  III

  	
   

  	
  0.070

  	
  %

  	
  0.280

  	
  %

  	
  0.050

  	
  %

  	
  0.000

  	
  %

  
	
  IV

  	
   

  	
  0.100

  	
  %

  	
  0.400

  	
  %

  	
  0.100

  	
  %

  	
  0.000

  	
  %

  
	
  V

  	
   

  	
  0.125

  	
  %

  	
  0.500

  	
  %

  	
  0.125

  	
  %

  	
  0.000

  	
  %

  
	
  VI

  	
   

  	
  0.200

  	
  %

  	
  0.675

  	
  %

  	
  0.125

  	
  %

  	
  0.250

  	
  %

  

 

where
Pricing Tier equals the applicable Rating Tier. 
As of the Effective Date, the applicable Pricing Tier will be [Rating Tier III].  A
change in the applicable Pricing Tier will become effective as of the opening
of business on the day on which such change in the Rating Tier becomes
effective.  The Borrower shall
immediately notify the Administrative Agent of such change.  The applicable Rating Tier shall be
determined as follows:

 

	
  Rating Tier

  	
   

  	
   

  	
   

  	
  Ratings

  	
   

  
	
  I

  	
   

  	
  A+/A1
  or better

  	
   

  
	
  II

  	
   

  	
  A/A2
  to A-/A3

  	
   

  
	
  III

  	
   

  	
  BBB+/Baal

  	
   

  
	
  IV

  	
   

  	
  BBB/Baa2

  	
   

  
	
  V

  	
   

  	
  BBB-/Baa3

  	
   

  
	
  VI

  	
   

  	
  below BBB-/Baa3

  	
   

  

 

where:

1.                                        Ratings
means the public rating, if any, assigned to the Parent’s senior, unsecured and
unsupported long-term debt by S&P or Moody’s or any other nationally
recognized debt rating agency, as the case may be.

2.                                       If
the ratings of such debt rating agencies do not fall within the same Rating
Tier then the higher Rating Tier shall apply.

3.                                       In
the event a rating is not available from more than one debt rating agency, then
the Rating Tier including the one available rating shall apply.

4.                                       Utilization
Fee applies if usage is greater than 50%.

 6-1

EXHIBIT
A

NOTE

                                ,
200  

New York, New York

FOR
VALUE RECEIVED, the undersigned, J.B. Hunt Transport, Inc., a Georgia
corporation (the “Borrower”), hereby promises to pay to the order of                          
(the “Bank”), on the dates set forth in the Credit Agreement hereinafter
referred to, the aggregate unpaid principal amount of the Committed Loans (as
defined in such Credit Agreement) as may be borrowed by the Borrower from the
Bank under the Credit Agreement.  The Borrower
may borrow, repay and reborrow hereunder in accordance with the provisions of
the Credit Agreement.

The
Borrower promises to pay interest on the unpaid principal amount of the
Borrower’s Committed Loans from time to time outstanding from the date hereof
until payment in full at the rates per annum which shall be determined in
accordance with the provisions of the Credit Agreement.  Said interest shall be payable on each date
provided for in the Credit Agreement; provided, however, that
interest on any principal portion which is not paid when due shall be payable
on demand.

All
payments of principal and interest under this Note shall be made in immediately
available funds at the office of Bank of America, N.A.  (the “Administrative Agent”) at 101
N.  Tryon Street, Charlotte, North
Carolina 28255, or at such other place as the Administrative Agent shall notify
the Borrower in writing.

This
Note is one of the Notes referred to in, and is subject to the terms and
provisions of, the Senior Revolving Credit Facility Agreement, dated as of
March 29, 2007 (as amended or modified and in effect from time to time, the “Credit
Agreement”), by and among the Borrower, J.B. Hunt Transport Services, Inc.,
the various financial institutions (including the Bank) party thereto and Bank
of America, N.A., as Administrative Agent, to which Credit Agreement reference
is hereby made for a statement of said terms and provisions.

Except
as expressly otherwise provided in the Credit Agreement, the Borrower expressly
waives (to the extent permitted by Applicable Law (as defined in the Credit
Agreement)) any presentment, demand, protest or notice (including notice of
acceleration and intent to accelerate) in connection with this Note.

THIS
NOTE IS MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK
(WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES) AND ANY APPLICABLE LAWS OF THE
UNITED STATES OF AMERICA.

	
  Address:

  	
  J.B. HUNT TRANSPORT, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
  615 J.B. Hunt
  Corporate Drive

  	
  By:

  	
   

  	
   

  
	
  Lowell, Arkansas
  72745

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 

 A-1
 

LOANS AND
PRINCIPAL PAYMENTS

	
  Date

  	
   

  	
   

  	
   

  	
  Amount of

  Loan Made

  	
   

  	
  Type of Loan

  & Applicable

  Interest Rate

  	
   

  	
  Loan Period

  	
   

  	
  Amount of

  Principal

  Repaid

  	
   

  	
  Unpaid

  Principal

  Balance

  	
   

  	
  Notation

  Made By

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

The aggregate
unpaid principal amount shown on this schedule shall be rebuttable presumptive
evidence of the principal amount owing and unpaid on this Note.  The failure to record the date and amount of
any Committed Loan on this schedule shall not, however, limit or otherwise
affect the Borrower’s obligations under the Credit Agreement or under this Note
to repay the principal amount of the Borrower’s Committed Loans together with
all interest accruing thereon, nor shall such failure affect the Borrower’s or
any other Loan Party’s obligations under any other Loan Document.

 A-2

 

EXHIBIT
B

EXTENSION
OF CREDIT REQUEST

Bank of America, N.A., as
Administrative Agent

Credit Services Servicing Unit

101 N. Tryon Street, NC1-001-15-04

Charlotte, North Carolina 28255

Attention: Kathy Mumpower

Telephone No.: (704) 386-3767

Facsimile No.: (704) 409-0070

Re:                               Senior
Revolving Credit Facility Agreement, dated as of March 29,
2007  (as amended or modified and
in effect from time to time, the “Credit Agreement”), by and among J.B. Hunt
Transport, Inc. (the “Borrower”), J.B. Hunt Transport Services, Inc. (the “Parent”),
the various financial institutions party thereto and Bank of America, N.A., as
Administrative Agent

Gentlemen/Ladies:

Terms
not otherwise expressly defined herein shall have the meanings set forth in the
Credit Agreement.

A.            Borrowings,
Conversions or Continuations.  The
Borrower hereby requests (select one):

 ̈  A Borrowing of Committed Loans               ̈  A conversion or continuation of Loans

1.             On _________________________ (a
Business Day).

2.             In the amount of $_______________.

3.             Comprised of ______________________________.

[Type
of Committed Loan requested]

4.             For Eurodollar Rate Loans:  with a Loan Period of ____________ months.

B.            Total Outstandings.  The undersigned represents and warrants that
immediately following the making of the Extension(s) of Credit requested above,

(1)           the aggregate principal amount of all
outstanding Committed Loans will be $_________, which is equal to or less than
the Total Commitment of $_________.

 B-1
 

C.            Proceeds.  The proceeds of the Loans will be used for
the following:

__________________________.

D.            Other Representations and
Warranties.  The Borrower hereby
expressly confirms the representations and warranties deemed to be made by
operation of Section 11.1 of the Credit Agreement.

IN
WITNESS WHEREOF, the undersigned has caused this Certificate to be executed and
delivered by its duly authorized officer this __ day of ______________, 200__.

	
  

  	
   

  	
  J.B. HUNT TRANSPORT, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  

 

 B-2

 

EXHIBIT
C

PARENT
GUARANTY

THIS
PARENT GUARANTY (this “Guaranty”) is made by the undersigned J.B. HUNT
TRANSPORT SERVICES, INC., an Arkansas corporation, on this 29th day of March,
2007.  All capitalized terms used herein
and not otherwise defined herein shall have the meanings given to such terms in
the Credit Agreement (as defined below).

WHEREAS,
J.B. Hunt Transport, Inc., a Georgia corporation, as borrower (the “Borrower”),
J.B. Hunt Transport Services, Inc., an Arkansas corporation, as the parent of
the Borrower (the “Parent”) and Bank of America, N.A., as Administrative
Agent and the financial institutions party thereto (all of such institutions,
and all of their successors and assigns, collectively referred to as the “Banks”
and individually referred to as a “Bank”) have entered into the Senior
Revolving Credit Facility Agreement dated as of March 29, 2007 (as it may be
amended or modified and in effect from time to time, the “Credit Agreement”)
pursuant to which the Banks have agreed to make certain extensions of credit to
the Borrower;

WHEREAS,
it is a condition precedent to the effectiveness of the Credit Agreement that
the undersigned execute and deliver this Guaranty to the Administrative Agent
for the benefit of the Banks and the Administrative Agent;

NOW,
THEREFORE, FOR VALUE RECEIVED, and in consideration of any loan or other
financial accommodation heretofore or hereafter at any time made or granted to
the Borrower under the Credit Agreement (together with all promissory notes or
drafts issued thereunder and any other agreements, instruments, or documents
now or hereafter entered into in connection with any of the foregoing, the “Loan
Documents”) by the Banks, the undersigned hereby unconditionally guarantees
the full and prompt payment in cash in full when due, whether by acceleration
or otherwise, and at all times thereafter, of all monetary obligations of the
Borrower to the Administrative Agent and each Bank, howsoever created, arising
or evidenced, whether direct or indirect, primary or secondary, absolute or
contingent, joint or several, or now or hereafter existing or due or to become
due under or in connection with the Loan Documents, including all such amounts
which would become due but for the operation of the automatic stay under Section
362(a) of the United States Bankruptcy Code, 11 U.S.C. § 362(a), and the
operation of Sections 502(b) and 506(b) of the United States Bankruptcy Code,
11 U.S.C. § 502(b) and § 506(b), in each case as the same may be
amended, modified, extended or renewed from time to time (all such monetary
obligations being hereinafter collectively called the “Liabilities”),
and the undersigned further agrees to pay all reasonable expenses (including
attorneys’ fees and legal expenses) paid or incurred by the Administrative
Agent or any Bank in endeavoring to collect the Liabilities, or any part
thereof, and in enforcing this Guaranty.

The
undersigned agrees that, in the event of the dissolution or insolvency of the
Borrower or the undersigned, or the inability or failure of the Borrower or the
undersigned to pay debts as they become due, or an assignment by the Borrower
or the undersigned for the benefit of creditors, or the commencement of any
case or proceeding in respect of the Borrower or the undersigned under any bankruptcy,
insolvency or similar law, and if such event shall occur at a time when any of
the Liabilities may not then be due and payable, the undersigned will pay to 

 C-1
 

the Administrative
Agent forthwith the full amount which would be payable hereunder by the
undersigned if all Liabilities were then due and payable.

This
Guaranty shall in all respects be a continuing, absolute and unconditional
guaranty of payment, and not a guaranty of collection, and shall remain in full
force and effect (notwithstanding, without limitation, the dissolution of the
undersigned or that at any time or from time to time all Liabilities may have
been paid in full and the Commitments of the Banks terminated), until all
Liabilities (including any extensions or renewals of any thereof) and all
interest thereon and all expenses (including attorneys’ fees and legal
expenses) paid or incurred by the Administrative Agent or any Bank in
endeavoring to collect the Liabilities and in enforcing this Guaranty shall
have been finally paid in full in cash.

The
undersigned further agrees that, if at any time all or any part of any payment
theretofore applied by the Administrative Agent or any Bank to any of the
Liabilities is or must be rescinded or returned for any reason whatsoever
(including the, insolvency, bankruptcy or reorganization of the Borrower), such
Liabilities shall, for the purposes of this Guaranty, to the extent that such
payment is or must be rescinded or returned, be deemed to have continued in
existence, notwithstanding such application, and this Guaranty shall continue
to be effective or be reinstated, as the case may he, as to such Liabilities,
all as though such application had not been made.

The
Administrative Agent and each Bank may, from time to time, at its sole
discretion and without notice to or consent of the undersigned, take any or all
of the following actions without impairing the obligation of the undersigned
under this Guaranty: (a) retain or obtain a lien upon or a security interest in
any property to secure any of the Liabilities or any obligation hereunder, (b)
retain or obtain the primary or secondary obligation of any obligor or
obligors, in addition to the undersigned, with respect to any of the
Liabilities, (c) extend or renew for one or more periods (whether or not longer
than the original period), alter, modify, amend or exchange any of the
Liabilities, or release or compromise any obligation of undersigned hereunder
or any obligation of any nature of any other obligor with respect to any of the
Liabilities or the Loan Documents, and (d) release or fail to perfect its lien
upon or security interest in, or impair, surrender, release or permit any
substitution or exchange for, all or any part of any property securing any of
the Liabilities or any obligation hereunder, or extend or renew for one or more
periods (whether or not longer than the original period) or release,
compromise, alter or exchange any obligations of any nature of any obligor with
respect to any such property.  The
Administrative Agent or any Bank may, from time to time in its sole discretion
and without notice to the undersigned, resort to the undersigned for payment of
any of the Liabilities, whether or not the Administrative Agent or such Bank
(i) shall have resorted to any property securing any of the Liabilities or any
obligation hereunder or (ii) shall have proceeded against any other obligor
primarily or secondarily obligated with respect to any of the Liabilities (all
of the actions referred to in this paragraph being hereby expressly waived by
the undersigned to the extent permitted by Applicable Law).

Any
amount received by the Administrative Agent or the Banks from whatsoever source
on account of the Liabilities shall be applied in reduction of the Liabilities
in such order of application as the Banks may from time to time agree.

 C-2
 

The
undersigned hereby irrevocably waives, to the extent permitted by Applicable
Law and until the Liabilities have been paid in full in cash and the
Commitments have been terminated, any claim or other right which it may now
possess or hereafter acquire against the Borrower that may arise from the
existence, payment, performance, or enforcement of the undersigned’s
obligations under this Guaranty, including any right of subrogation,
reimbursement, exoneration, contribution, or indemnification, any right to
participate in any claim or remedy of the Administrative Agent or any Bank
against the Borrower or any collateral which the Administrative Agent or any
Bank now has or hereafter acquires, whether or not such claim, remedy, or right
arises in equity, or under contract, statute, or common law, including the
right to take or receive from the Borrower, directly or indirectly, in cash or
other property or by setoff or in any manner, payment or security on account of
such claim or other right.  If any amount
shall be paid to the undersigned in violation of the preceding sentence and the
Liabilities shall not have been paid in cash in full, such amount shall be
deemed to have been paid to the undersigned for the benefit of, and held in
trust for, the Administrative Agent and each Bank, and shall forthwith be paid
to the Administrative Agent for the benefit of the Administrative Agent and
each Bank to be credited and applied to the Liabilities, whether matured or
unmatured.  The undersigned acknowledges
that it will receive direct and indirect benefits from the financing
arrangements contemplated by the Loan Documents and that the waiver set forth
in this paragraph is knowingly made in contemplation of such benefits.

The
undersigned hereby expressly waives, to the extent permitted by Applicable Law:
(a) notice of the acceptance by the Administrative Agent or any of the
Banks of this Guaranty, (b) notice of the existence or creation or
non-payment of all or any of the Liabilities, (c) presentment, demand,
notice of dishonor, protest, and all other notices whatsoever, and (d) all
diligence in collection or protection of or realization upon the Liabilities or
any portion thereof, any obligation hereunder, or any security for or guaranty
of any of the foregoing.

The
creation or existence, with or without notice to or consent of the undersigned,
from time to time of Liabilities in excess of the amount to which the right of
recovery under this Guaranty is limited shall not in any way affect or impair
the rights of the Administrative Agent and the Banks and the obligations of the
undersigned under this Guaranty.

Upon
any assignment or transfer from time to time by any Bank of all or any portion
of the Liabilities owed to such Bank pursuant to the provisions of Section
14.10 of the Credit Agreement, such Liabilities shall be and remain
Liabilities for the purposes of this Guaranty, and each and every immediate and
successive assignee or transferee of any of the Liabilities or of any interest
therein shall, to the extent of the interest of such assignee or transferee in
the Liabilities, be entitled to the benefits of this Guaranty to the same
extent as if such assignee or transferee were the original Bank to which such
assigned or transferred Liabilities were owed. 
Upon the acceptance of any appointment as Administrative Agent by a
successor Administrative Agent in accordance with Section 13.6 of the
Credit Agreement, such successor Administrative Agent shall succeed to and
become vested with all of the rights, powers, privileges and obligations
hereunder of Bank of America in its capacity as Administrative Agent (or any
successor of Bank of America hereunder, as the case may be) and Bank of America
(or any successor of Bank of America hereunder, as the case may be) shall be
discharged from any obligations it may have hereunder.

 C-3
 

No
delay on the part of the Administrative Agent or any Bank in the exercise of
any right or remedy shall operate as a waiver thereof, and no single or partial
exercise by the Administrative Agent or any Bank of any right or remedy shall
preclude other or further exercise thereof or the exercise of any other right
or remedy; nor shall any modification or waiver of any of the provisions of
this Guaranty be binding upon any Bank except as expressly set forth in a
writing duly signed and delivered on behalf of such Bank.  No action of the Administrative Agent or any
Bank permitted hereunder shall in any way affect or impair the rights of the
Administrative Agent or such Bank or the obligations of the undersigned under
this Guaranty.  For the purposes of this
Guaranty, Liabilities shall include all obligations of the Borrower to the
Administrative Agent and each of the Banks under and in connection with the
Loan Documents, notwithstanding any defense, offset or counterclaim (whether
based on commercial tort or any other theory) which the Borrower or the
undersigned may have against any Bank or the Administrative Agent, including
any claim or defense as to the invalidity or unenforceability of any such
obligation, and no such claim or defense shall affect or impair the obligations
of the undersigned hereunder.  The
obligations of the undersigned under this Guaranty shall be absolute and
unconditional irrespective of any circumstance whatsoever which might
constitute a legal or equitable discharge or defense of the undersigned.  The undersigned hereby acknowledges that
there are no conditions to the effectiveness of this Guaranty.

The
undersigned hereby warrants and represents to the Administrative Agent and the
Banks that the undersigned now has and will continue to have independent means
of obtaining information concerning the affairs, financial condition and
business of the Borrower.  The
Administrative Agent and the Banks shall have no duty or responsibility to
provide the undersigned with any credit or other information concerning the
affairs, financial condition or business of the Borrower which may come into
the Administrative Agent’s or any Bank’s possession.

The
undersigned hereby further warrants and represents to the Administrative Agent
and the Banks that (a) the execution and delivery of this Guaranty, and the
performance by the undersigned of its obligations hereunder, are within the
corporate right, power, authority and capacity of the undersigned and have been
duly authorized by all necessary corporate action on the part of the
undersigned, and (b) this Guaranty has been duly executed and delivered on
behalf of the undersigned and is the legal, valid and binding obligation of the
undersigned, enforceable in accordance with its terms (except as such
enforceability may be limited by bankruptcy, insolvency, reorganization or
other similar laws relating to the enforcement of creditors’ or secured
creditors’ rights generally), the making and performance of which do not and
will not contravene or conflict with the charter or by-laws of the undersigned
or violate or constitute a default under any law, any presently existing
requirement or restriction imposed by any judicial, arbitral or governmental
instrumentality or any agreement, instrument or indenture by which the
undersigned is bound.

The
undersigned further warrants and represents that it has capital sufficient to
carry on its business and transactions and all business and transactions in
which it is about to engage and is now solvent and able to pay its respective
debts as they mature, and it now owns property 

 C-4
 

having a value,
both at fair valuation and at present fair salable value, greater than the
amount required to pay its existing debts.

The
undersigned hereby covenants and agrees that, without the prior written consent
of the Banks, it will not (a) sell, transfer, assign, pledge or convey (other
than to the Borrower) any shares of the capital stock of any Subsidiary of the
undersigned or (b) sell, transfer, assign or convey (other than in the ordinary
course of business or in connection with Permitted Liens granted thereon) any
property or asset of the undersigned.

Anything
else in this Guaranty notwithstanding, the undersigned shall be liable under
this Guaranty only for the maximum amount of such liability that can be hereby
incurred without rendering this Guaranty, as it relates to the undersigned,
voidable under applicable law relating to fraudulent obligations, fraudulent
conveyance or fraudulent transfer, and not for any greater amount.

All
payments by the undersigned to any recipient (each, a “Recipient”)
hereunder shall be made without setoff or counterclaim and free and clear of,
and without withholding or deduction for or on account of, any present or
future Taxes (other than Excluded Taxes) now or hereafter imposed on such
Recipient or its income, property, assets or franchises (such Recipient’s “Recipient
Taxes”), except to the extent that such withholding or deduction (a) is
required by Applicable Law, (b) results from the breach by such Recipient of
its Exemption Agreement, if any, (c) would not be required if such Recipient’s
Exemption Representation were true, or (d) would not be required if such
Recipient’s appropriate Internal Revenue Service form specified in Section
5.3(b) of the Credit Agreement claiming complete exemption were true and
accurate at the time of the delivery thereof. 
If any such withholding or deduction is required by Applicable Law, the
undersigned will:

(i)            pay to the relevant authorities the
full amount so required to be withheld or deducted when and as the same shall
become due and payable to such authorities;

(ii)           promptly forward to the
Administrative Agent and each affected Bank an official receipt or other
documentation satisfactory to the Administrative Agent or such Bank evidencing
such payment to such authorities; and

(iii)          except to the extent that such
withholding or deduction (A) is for Excluded Taxes, (B) results from the breach
by a Recipient of its Exemption Agreement, if any, (C) would not be
required if such Recipient’s Exemption Representation were true or
(D) would not be required if such Recipient’s appropriate Internal Revenue
Service form specified in Section 5.3(b) of the Credit Agreement
claiming complete exemption were true and accurate at the time of the delivery
thereof, pay to the Administrative Agent for the account of the relevant
Recipient such additional amount as is necessary to ensure that the net amount
actually received by each Recipient will equal the full amount such Recipient
would have received had no such withholding or deduction been required.

Upon
the occurrence of any Default described in Section 12.1 (f) or Section
12.1(g) of the Credit Agreement, or of any acceleration of the Notes
pursuant to Section 12.2 of the Credit 

 C-5
 

Agreement, each
Bank is hereby authorized, at any time and from time to time, without notice to
the undersigned (any such notice being expressly waived by the undersigned to
the fullest extent permitted by Applicable Law), to the fullest extent
permitted by Applicable Law, to set off, to exercise any banker’s lien or any
other right of attachment or garnishment and apply any and all balances,
credits, deposits (general or special, time or demand, provisional or final),
accounts or monies at any time held and other indebtedness at any time owing by
such Bank to or for the account of the undersigned against any and all Bank
Obligations owing by any Loan Party held by such Bank (subject to the
provisions of Section 13.4 of the Credit Agreement), whether or not such
Bank has made any demand under or with respect to any of such Bank Obligations
and although such Bank Obligations may be unmatured.  Promptly following such action, each such
Bank shall give notice thereof to the Administrative Agent and the
Administrative Agent shall promptly give notice thereof to the undersigned and
each Bank, but failure to do so shall not impair the effect of such action.  Subject to the foregoing provisions of this
paragraph, the rights of the Banks under this paragraph are in addition to, in
augmentation of, and do not derogate from or impair, any other right and remedy
(including any right of setoff) which the Banks may have.

This
Guaranty shall be binding upon the undersigned, and upon the successors and
assigns of the undersigned.  The
undersigned may not assign any of its rights or obligations under this Guaranty
without the prior written consent of the Administrative Agent and the Banks.

THIS
GUARANTY SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE
STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES.  Wherever possible each provision of this
Guaranty shall be interpreted in such manner as to be effective and valid under
Applicable Law, but if any provision of this Guaranty shall be prohibited by or
invalid under such law, such provision shall be ineffective to the extent of
such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provisions of this Guaranty.

THE
UNDERSIGNED HEREBY EXPRESSLY WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW,
ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND
ANY RIGHTS UNDER THIS GUARANTY OR UNDER ANY AMENDMENT, INSTRUMENT, DOCUMENT OR
AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED IN CONNECTION
HEREWITH, AND AGREES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, THAT ANY SUCH
ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY.

 C-6
 

ANY
SUIT, ACTION OR PROCEEDING AGAINST THE UNDERSIGNED WITH RESPECT TO THIS
GUARANTY OR ANY JUDGMENT ENTERED BY ANY COURT IN RESPECT THEREOF, MAY BE
BROUGHT IN THE COURTS OF THE STATE OF NEW YORK LOCATED IN NEW YORK COUNTY, NEW
YORK OR IN THE UNITED STATES COURTS LOCATED IN NEW YORK COUNTY, NEW YORK AS THE
ADMINISTRATIVE AGENT AND THE BANKS IN THEIR DISCRETION MAY ELECT AND THE
UNDERSIGNED HEREBY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF SUCH COURTS FOR
THE PURPOSE OF ANY SUCH SUIT, ACTION OR PROCEEDING.  THE UNDERSIGNED HEREBY AGREES THAT SERVICE OF
ALL WRITS, PROCESS AND SUMMONSES IN ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT
IN THE STATE OF NEW YORK MAY BE SERVED UPON THE PROCESS AGENT, AND THE
UNDERSIGNED HEREBY IRREVOCABLY APPOINTS THE PROCESS AGENT AS ITS TRUE AND
LAWFUL ATTORNEY-IN-FACT IN THE NAME, PLACE AND STEAD OF THE UNDERSIGNED TO
ACCEPT SUCH SERVICE OF ANY AND ALL SUCH WRITS, PROCESS AND SUMMONSES.  THE UNDERSIGNED HEREBY IRREVOCABLY CONSENTS
TO THE SERVICE OF PROCESS IN ANY SUIT, ACTION OR PROCEEDING IN SAID COURT BY
THE MAILING THEREOF BY THE ADMINISTRATIVE AGENT OR ANY BANK BY REGISTERED OR
CERTIFIED MAIL, POSTAGE PREPAID, TO THE UNDERSIGNED’S ADDRESS SET FORTH NEXT TO
ITS SIGNATURE BELOW.  THE UNDERSIGNED
HEREBY IRREVOCABLY WAIVES ANY OBJECTIONS WHICH IT MAY NOW OR HEREAFTER HAVE TO
THE LAYING OF VENUE OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS GUARANTY OR THE LOAN DOCUMENTS BROUGHT IN THE COURTS LOCATED
IN NEW YORK COUNTY, NEW YORK, AND HEREBY FURTHER IRREVOCABLY WAIVES ANY CLAIM
THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN
BROUGHT IN AN INCONVENIENT FORUM.

	
  

  	
  J.B. HUNT TRANSPORT SERVICES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Address:

  
	
   

  	
   

  
	
   

  	
  615 J.B. Hunt Corporate Drive

  
	
   

  	
  Lowell, Arkansas 72745

  

 

 C-7

 

EXHIBIT
D-1

OFFICER’S
CERTIFICATE

J.B. HUNT TRANSPORT, INC.

The
undersigned, __________________, ____________________(1) of J.B. Hunt
Transport, Inc., a Georgia corporation (the “Borrower”), pursuant to
that certain Senior Revolving Credit Facility Agreement, dated as of March 29,
2007 (the “Credit Agreement”), by and among the Borrower, J.B. Hunt
Transport Services, Inc. (the “Parent”), the various financial
institutions party thereto and Bank of America, N.A., as Administrative Agent,
does hereby certify as follows:

(i)                                   attached
hereto as Attachment A is a true, correct and complete copy of the
Certificate of Incorporation of the Borrower and each amendment, if any,
thereto, as filed with the Secretary of State of the State of Georgia;

(ii)                                attached
hereto as Attachment B is a true, correct and complete copy of
resolutions duly adopted at a meeting of the Board of Directors of the Borrower
convened and held on March __, 2007, which resolutions have not been revoked,
modified, amended or rescinded and are still in full force and effect;

(iii)                             attached hereto as
Attachment C is a true, correct and complete copy of the Bylaws of the Borrower
as in effect on the date hereof,

(iv)                            the
persons named below, constituting the only persons executing, on behalf of the
Borrower, the Credit Agreement and each other document delivered in connection
therewith to which the Borrower is a party, were when executing such documents,
and have been at all times since, to and including the date hereof, duly
elected or appointed and qualified officers of the Borrower, holding the
offices and having the signatures set forth opposite their names below:

	
  Name

  	
   

  	
   

  	
   

  	
  Office

  	
   

  	
   

  	
   

  	
  Signature

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

(v)                               no
event or events have occurred and are continuing since December 31, 2006 and no
condition exists which has had or could reasonably be expected to have a
Materially Adverse Effect, except as disclosed in the Credit Agreement; and

(vi)                            the
representations and warranties on the part of the Borrower contained in the
Credit Agreement are true and correct in all material respects as of the date
hereof.

(1)   President, Vice President, Treasurer,
Secretary, or Assistant Secretary.

 D1-1
 

Capitalized
terms used herein and not otherwise defined herein shall have the respective meanings
given thereto in the Credit Agreement.

I
hereby certify that ____________ is the duly elected or appointed and qualified
___________ of the Borrower and that the signature immediately above is his
(her) signature.

	
  

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
   

  

 

 D1-2

EXHIBIT
D-2

OFFICER’S
CERTIFICATE

J.B. HUNT TRANSPORT SERVICES, INC.

The
undersigned, ___________________, _______________________(2) of J.B. Hunt
Transport Services, Inc., an Arkansas corporation (the “Company”),
pursuant to that certain Senior Revolving Credit Facility Agreement, dated as
of March 29, 2007 (the “Credit Agreement”), by and among J.B. Hunt
Transport, Inc., a Georgia corporation (the “Borrower”), the Company,
the various financial institutions party thereto and Bank of America, N.A., as
Administrative Agent, does hereby certify as follows:

(i)                                   attached
hereto as Attachment A is a true, correct and complete copy of the
Certificate of Incorporation of the Company and each amendment, if any,
thereto, as filed with the Secretary of State of the State of Arkansas;

(ii)                                attached
hereto as Attachment B is a true, correct and complete copy of
resolutions duly adopted at a meeting of the Board of Directors of the Company
convened and held on March __, 2007, which resolutions have not been revoked,
modified, amended or rescinded and are still in full force and effect;

(iii)                             attached hereto as Attachment
C is a true, correct and complete copy of the Bylaws of the Company as in
effect on the date hereof;

(iv)                            the
persons named below, constituting the only persons executing, on behalf of the
Company, the Loan Documents (as defined in the Credit Agreement) to which the
Company is a party, were when executing such documents, and have been at all
times since, to and including the date hereof, duly elected or appointed and
qualified officers of the Company, holding the offices and having the
signatures set forth opposite their names below:

	
  

  	
   

  	
  Name

  	
   

  	
  Office

  	
   

  	
  Signature

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

(v)                               no
event or events have occurred and are continuing since December 31, 2006 and no
condition exists which has had or could reasonably be expected to have a
Materially Adverse Effect, except as disclosed in the Credit Agreement; and

(vi)                            the
representations and warranties on the part of the Company contained in the
Parent Guaranty are true and correct in all material respects as of the date
hereof.

(2)             President,
Vice President, Treasurer, Secretary, or Assistant Secretary.

 D2-1
 

Capitalized terms used
herein and not otherwise defined herein shall have the respective meanings
given thereto in the Credit Agreement.

I
hereby certify that ____________ is the duly elected or appointed and qualified
___________ of the Borrower and that the signature immediately above is his
(her) signature.

	
  

  	
  Name:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  

 

 D2-2

 

EXHIBIT
E

FORM OF
OPINION

FROM
MITCHELL, WILLIAMS, SELIG, GATES & WOODYARD, P.L.L.C.

[TO
BE INSERTED]

 

 E-1-1

 

EXHIBIT
F

COMPLIANCE
CERTIFICATE

This
Compliance Certificate is delivered pursuant to Section 8.1 of the
Senior Revolving Credit Facility Agreement, dated as of March 29, 2007 (as from
time to time amended, modified or supplemented, the “Credit Agreement”), by and
among J.B. Hunt Transport, Inc. (the “Borrower”), J.B. Hunt Transport Services,
Inc. (the “Parent”), the various financial institutions party thereto and Bank
of America, N.A., as Administrative Agent. 
Terms not otherwise expressly defined herein shall have the meanings set
forth in the Credit Agreement.

1.             The Parent hereby certifies and
warrants that as of the date of this Compliance Certificate, except as
described below, no Default exists or is continuing.  The Parent further certifies and warrants
that, as of the dates set forth below:

(a)                                   As
of the last day of the last Fiscal Quarter, Permitted Investments other than
Permitted Investments under paragraphs (a)-(i) in the definition thereof were
approximately, and in any event not more than, $             ,
which amount, together with the amount of all Guaranties (other than Guaranties
by the Parent of Indebtedness of the Borrower), is less than 10% of Net Worth
($                       );

(b)                                  At
                       ,
200  , the Debt to Cash Flow Ratio was approximately                        ,
and in any event not greater than, 3.00 to 1.00, computed as follows:

	
  

  	
  Total Indebtedness

  	
  $

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Total Cash Flow:

  	
  $

  	
   

  	
   

  
	
   

  	
  Net Income ($                ),
  plus

  	
   

  	
   

  	
   

  
	
   

  	
  Interest Expense ($                ),
  plus

  	
   

  	
   

  	
   

  
	
   

  	
  taxes ($                ),
  plus depreciation

  	
   

  	
   

  	
   

  
	
   

  	
  and amortization ($                ),
  plus

  	
   

  	
   

  	
   

  
	
   

  	
  Rentals ($                )

  	
   

  	
   

  	
   

  

 

(c)                                   At
                       ,
200  , the Fixed Charge Coverage Ratio was approximately                        ,
and in any event not less than, 1.25 to 1.0, computed as follows:

	
  

  	
  Net Income ($                       ),
  plus

  	
   

  	
   

  	
   

  
	
   

  	
  taxes ($                ),
  plus Interest

  	
   

  	
   

  	
   

  
	
   

  	
  Expense ($                ),
  plus

  	
   

  	
   

  	
   

  
	
   

  	
  Rentals ($                ):

  	
  $

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Interest Expense ($                   ),

  	
   

  	
   

  	
   

  
	
   

  	
  plus Rentals ($                       ):

  	
  $

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

 F-1
 

 

2.                                        A
Default exists as follows:

(a)                                   Nature
of Default:

	
  

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  .

  	
   

  

 

(b)                                  Period
of existence of Default:

(c)                                   Action
which the Borrower or the Parent, as applicable, is taking and proposes to take
with respect to the Default:

	
  

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  

 

In
witness whereof, the Parent has caused this Compliance Certificate to be
executed and delivered, and the certifications and warranties contained herein
to be made, by the President of the Parent or other officer specified below,
this            day of
                 ,
200   .

	
  

  	
   

  	
   

  	
  J.B. HUNT TRANSPORT SERVICES, INC.

  	
   

  
	
  

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  

 

 

 F-2

EXHIBIT
G

ASSIGNMENT
AND ASSUMPTION

This
Assignment and Assumption (this “Assignment and Assumption”) is dated as
of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”).  Capitalized terms used but not defined herein
shall have the meanings given to them in the Credit Agreement identified below
(the “Credit Agreement”), receipt of a copy of which is hereby
acknowledged by the Assignee.  The
Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby
agreed to and incorporated herein by reference and made a part of this
Assignment and Assumption as if set forth herein in full.

For
an agreed consideration, the Assignor hereby irrevocably sells and assigns to
the Assignee, and the Assignee hereby irrevocably purchases and assumes from
the Assignor, subject to and in accordance with the Standard Terms and
Conditions and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below (i) all of the Assignor’s rights and
obligations as a Bank under the Credit Agreement and any other documents or
instruments delivered pursuant thereto to the extent related to the amount and
percentage interest identified below of all of such outstanding rights and
obligations of the Assignor under the revolving credit facility and (ii) to the
extent permitted to be assigned under applicable law, all claims, suits, causes
of action and any other right of the Assignor (in its capacity as a Bank)
against any Person, whether known or unknown, arising under or in connection
with the Credit Agreement, any other documents or instruments delivered
pursuant thereto or the loan transactions governed thereby or in any way based
on or related to any of the foregoing, including, but not limited to, contract
claims, tort claims, malpractice claims, statutory claims and all other claims
at law or in equity related to the rights and obligations sold and assigned
pursuant to clause (i) above (the rights and obligations sold and assigned
pursuant to clauses (i) and (ii) above being referred to herein collectively
as, the “Assigned Interest”). 
Such sale and assignment is without recourse to the Assignor and, except
as expressly provided in this Assignment and Assumption, without representation
or warranty by the Assignor.

	
  1.

  	
   

  	
  Assignor:

  	
   

  	
  ______________________________

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  Assignee:

  	
   

  	
  ______________________________ 

  	
  [and is an Affiliate/Approved Fund of [identify Bank](3)]

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  Borrower(s):

  	
   

  	
  ______________________________

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
   

  	
  Administrative Agent: Bank of
  America, N.A., as the administrative agent under the Credit Agreement

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
   

  	
  Credit Agreement: Credit Agreement, dated as of
  ________, 2005, among J.B. HUNT TRANSPORT, INC., J.B. HUNT TRANSPORT
  SERVICES, INC., the Banks from time to time party thereto, and Bank of
  America, N.A., as Administrative Agent

  
	
   

  	
   

  	
   

  	
   

  	
   

  
								

(3)             Select
as applicable.

 G-1
 

 

	
   6.

  	
   

  	
  Assigned Interest:

  	
   

  	
   

  

 

	
  

  	
   

  	
  Aggregate 

  Amount of 

  Commitment 

  for all Banks*

  	
   

  	
  Amount of

  Commitment

  Assigned*

  	
   

  	
  Percentage 

  Assigned of

  Commitment(4)

  	
   

  	
  CUSIP Number

  
	
   

  	
   

  	
  $

  	
   

  	
   

  	
  $

  	
   

  	
   

  	
   

  	
  %

  	
   

  	
   

  
	
   

  	
   

  	
  $

  	
   

  	
   

  	
  $

  	
   

  	
   

  	
   

  	
  %

  	
   

  	
   

  
	
   

  	
   

  	
  $

  	
   

  	
   

  	
  $

  	
   

  	
   

  	
   

  	
  %

  	
   

  	
   

  

 

	
  [7.

  	
   

  	
  Trade Date:

  	
   

  	
  ](5)

  

 

Effective Date:
__________________, 20__ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH
SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER
THEREFOR.]

The terms set forth in this Assignment and Assumption
are hereby agreed to:

	
  

  	
   

  	
  ASSIGNOR

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  [NAME OF ASSIGNOR]

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  ASSIGNEE

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  [NAME OF ASSIGNEE]

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  
									

*                    Amount to be
adjusted by the counterparties to take into account any payments or prepayments
made between the Trade Date and the Effective Date.

(4)             Set forth, to at
least 9 decimals, as a percentage of the Commitment/Loans of all Banks
thereunder.

(5)             To be completed if
the Assignor and the Assignee intend that the minimum assignment amount is to
be determined as of the Trade Date.

 G-2
 

[Consented to and](6) Accepted:

BANK OF AMERICA, N.A., as
  Administrative Agent

	
  By: 

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  
					

 

[Consented to:](7)

	
  By: 

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  
					

(6)             To be added only if
the consent of the Administrative Agent is required by the terms of the Credit
Agreement.

(7)             To
be added only if the consent of the Borrower is required by the terms of the
Credit Agreement.

 G-3
 

ANNEX
1 TO ASSIGNMENT AND ASSUMPTION

STANDARD TERMS AND
CONDITIONS FOR

ASSIGNMENT AND
ASSUMPTION

1.             Representations and Warranties.

1.1.          Assignor.  The Assignor (a) represents and warrants that
(i) it is the legal and beneficial owner of the Assigned Interest, (ii) the
Assigned Interest is free and clear of any lien, encumbrance or other adverse
claim created by it and (iii) it has full power and authority, and has taken
all action necessary, to execute and deliver this Assignment and Assumption and
to consummate the transactions contemplated hereby; and (b) assumes no responsibility
with respect to (i) any statements, warranties or representations made in or in
connection with the Credit Agreement or any other Loan Document, (ii) the
execution, legality, validity, enforceability, genuineness, sufficiency or
value of the Loan Documents or any collateral thereunder, (iii) the financial
condition of the Borrower, any of its Subsidiaries or Affiliates or any other
Person obligated in respect of any Loan Document or (iv) the performance or
observance by the Borrower, any of its Subsidiaries or Affiliates or any other
Person of any of their respective obligations under any Loan Document.

1.2.          Assignee.  The Assignee (a) represents and warrants that
(i) it has full power and authority, and has taken all action necessary, to
execute and deliver this Assignment and Assumption and to consummate the
transactions contemplated hereby and to become a Bank under the Credit
Agreement, (ii) it meets all requirements of an Eligible Assignee under the
Credit Agreement (subject to receipt of such consents as may be required under
the Credit Agreement), (iii) from and after the Effective Date, it shall be
bound by the provisions of the Credit Agreement as a Bank thereunder and, to
the extent of the Assigned Interest, shall have the obligations of a Bank
thereunder, (iv) it has received a copy of the Credit Agreement, together with
copies of the most recent financial statements delivered pursuant to Section
8.1 thereof, as applicable, and such other documents and information as it has
deemed appropriate to make its own credit analysis and decision to enter into
this Assignment and Assumption and to purchase the Assigned Interest on the
basis of which it has made such analysis and decision independently and without
reliance on the Administrative Agent or any other Bank, and (v) if it is a
non-US Bank, attached hereto is any documentation required to be delivered by
it pursuant to the terms of the Credit Agreement, duly completed and executed
by the Assignee; and (b) agrees that (i) it will, independently and without
reliance on the Administrative Agent, the Assignor or any other Bank, and based
on such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under
the Loan Documents, and (ii) it will perform in accordance with their terms all
of the obligations which by the terms of the Loan Documents are required to be
performed by it as a Bank.

2.             Payments.  From and after the Effective Date, the
Administrative Agent shall make all payments in respect of the Assigned
Interest (including payments of principal, interest, fees and other amounts) to
the Assignor for amounts which have accrued to but excluding the 

 G-4
 

Effective Date and to the Assignee for amounts which
have accrued from and after the Effective Date.

3.             General Provisions.  This Assignment and Assumption shall be
binding upon, and inure to the benefit of, the parties hereto and their
respective successors and assigns.  This
Assignment and Assumption may be executed in any number of counterparts, which
together shall constitute one instrument. 
Delivery of an executed counterpart of a signature page of this
Assignment and Assumption by telecopy shall be effective as delivery of a
manually executed counterpart of this Assignment and Assumption.  This Assignment and Assumption shall be
governed by, and construed in accordance with, the law of the State of New
York.

 G-5Exhibit
4.6.8

SECOND AMENDMENT

TO

CREDIT
AGREEMENT

This
SECOND AMENDMENT, dated as of February
9, 2007 (this “Amendment”)
is entered into among THE HERTZ CORPORATION, a Delaware corporation (together
with its successors and assigns, the “Parent Borrower”), DEUTSCHE BANK
AG, NEW YORK BRANCH (“DBNY”), as administrative agent (the “Administrative
Agent”), and the other parties signatory hereto.

WHEREAS, the Parent
Borrower has entered into
that certain CREDIT AGREEMENT, dated as of December 21, 2005 (as it may be
amended, amended and restated, supplemented or otherwise modified (including as
amended by that certain Amendment to Credit Agreement, dated as of June 30,
2006), the “Credit Agreement”) among the Parent Borrower, the Lenders from
time to time party thereto, the Administrative Agent, DBNY, as
collateral agent,  LEHMAN COMMERCIAL
PAPER INC., as syndication agent, and MERRILL LYNCH & CO., MERRILL LYNCH,
PIERCE, FENNER AND SMITH INCORPORATED, as documentation agent.

WHEREAS, the terms used herein, including in the preamble and recitals hereto,
not otherwise defined herein or otherwise amended hereby shall have the
meanings ascribed thereto in the Credit Agreement;

WHEREAS, the Parent Borrower has requested that the Credit
Agreement be amended as more fully set forth herein;

NOW, THEREFORE, in consideration of the premises and the agreements, provisions and
covenants herein contained, the Parent Borrower, the Lenders and the
Administrative Agent agree as follows:

ARTICLE ONE: 
AMENDMENTS

As of the Amendment Effective
Date (as defined in Article Two hereof), the Credit Agreement shall be amended
as set forth in this Article One.

1.             Section
1.1 of the Credit Agreement (Definitions) is hereby amended by inserting in
such Section the following definition in its appropriate alphabetical order:

“Second Amendment
Effective Date”:  February 9, 2007.

2.             The
definition of “Applicable Margin” in Section 1.1 of the Credit Agreement
(Definitions) is hereby amended by deleting such definition in its entirety as
replacing it with the following:

“Applicable Margin”:  (a) 0.75% per annum with respect to ABR Loans
and 1.75% per annum with respect to Eurocurrency Loans or (b) if either (i) the
Consolidated

Leverage Ratio for the most recently completed fiscal period of the
Parent Borrower is less than or equal to 3.00 to 1.00 or (ii) a corporate
rating of the Parent Borrower from Moody’s is Ba2 (with a stable outlook) or
better and a corporate family rating of the Parent Borrower from S&P is BB
(with a stable outlook) or better, then 0.50% per annum with respect to ABR
Loans and 1.50% per annum with respect to Eurocurency Loans.

3.             The
definition of “ECF Percentage” in Section 1.1 of the Credit Agreement
(Definitions) is hereby amended by deleting it in its entirety.

4.             The
definition of “Excess Cash Flow” in Section 1.1 of the Credit Agreement
(Definitions) is hereby amended by deleting the words “subsection 8.9(e), (g),
(k) or (q)” and replacing them with “subsection 8.9(e), (g), (k) or (s)”.

5.             The
definition of “GAAP” in Section 1.1 of the Credit Agreement (Definitions) is
hereby amended by deleting the words “subsection 4.4(c) and”.

6.             The
definition of “Not Otherwise Applied” in Section 1.1 of the Credit Agreement
(Definitions) is hereby amended by adding the words “prior to the Second
Amendment Effective Date” after the words “subsection 4.4(c)”.

7.             Section
4.4(b)(iv) of the Credit Agreement (Optional and Mandatory Prepayments) is
hereby amended by adding the words “pursuant to subsection 8.12(d)” after the
words “the Parent Borrower or any of its Subsidiaries shall enter into a Sale
and Leaseback Transaction”.

8.             Section
4.4(c) of the Credit Agreement (Optional and Mandatory Prepayments) is hereby
amended by deleting such section in its entirety and replacing it with “Reserved”.

9.             Section
4.4(d) of the Credit Agreement (Optional and Mandatory Prepayments) is hereby
amended by deleting the words “subsections 4.4(b) and (c)” and replacing them
with “subsection 4.4(b)” in each case it appears in such section.

10.           Section
4.4(e) of the Credit Agreement (Optional and Mandatory Prepayments) is hereby
amended by deleting the words “, 4.4(b) or 4.4(c)” and replacing them with “or
4.4(b)”.

11.           Section
4.14(a) of the Credit Agreement (Controls on Prepayment if Total Lender
Exposure Exceeds Total Commitments) is hereby amended by deleting the
words “In addition to the provisions set forth in subsection 4.4(c), the” and
replacing them with “The”.

12.           Section
8.2(d) of the Credit Agreement (Limitation on Indebtedness) is hereby amended
by deleting the number “$1,800,000,000” and replacing it with the number “$2,000,000,000”.

13.           Section
8.2(l) of the Credit Agreement (Limitation on Indebtedness) is hereby amended
by deleting the number “$50,000,000” and replacing it with the number “$100,000,000”.

 2
 

14.           Section
8.2(s) of the Credit Agreement (Limitation on Indebtedness) is hereby amended
by deleting the number “$250,000,000” and replacing it with the number “$300,000,000”.

15.           Schedule
8.6(i) of the Credit Agreement is hereby amended by adding to it the
Dispositions set forth on Schedule 8.6(i) hereto.

16.           Section 8.12(c) of the
Credit Agreement is hereby amended by adding after the parenthetical therein
the words “or such Sale and Leaseback Transaction involves the property
identified in item 3(b) of Schedule 8.6(i)”.

17.           Section
11.1(d) of the Credit Agreement (Amendments and Waivers) is hereby amended by
deleting the words “ten Business Days’ prior written” in the first sentence
thereof and replacing them with “three Business Days’ prior written”.

ARTICLE TWO: CONDITIONS PRECEDENT TO EFFECTIVENESS

Each
provision set forth in Article One hereof (other than the provision set forth
in Section 17 thereof, which shall be governed by the last sentence of this
Article Two) shall be effective as of the date (with respect to each such
provision, the “Amendment Effective Date”) on which each of the
following conditions with respect to each provision shall have been satisfied:

1.             The Parent Borrower, the Administrative Agent
and the requisite Lenders shall have indicated their consent by the execution
and delivery of the signature pages to the Administrative Agent.

2.             The Guarantors shall have indicated their
consent to the Amendment by the execution and delivery of the Consent (the “Consent”)
attached hereto as Annex I, dated the date hereof, by and among the
Guarantors.

3.             The Parent Borrower shall have paid all fees due
to the Administrative Agent, the Collateral Agent and Deutsche Bank Securities
Inc. in connection with the Amendment.

Notwithstanding
anything to contrary set forth above, the amendment set forth in Section 17 of
Article One shall be effective (and this Amendment shall be effective with
respect to such amendment) as of the date the Required Lenders shall have indicated their consent to this Amendment
by the execution and delivery of the signature pages to the Administrative
Agent, notwithstanding that any condition set forth above may or may not have
been satisfied as of such date, and the “Amendment Effective Date” shall be
deemed to have occurred with respect to such amendment for purposes of the
first sentence of Article One and Section 2 of Article Four.

ARTICLE THREE: REPRESENTATIONS AND WARRANTIES

In order to induce the Agents and Lenders to enter into this Amendment,
the Parent Borrower represents and warrants to each Agent and each Lender,
that:

1.             Representations and Warranties.  As
of the Amendment Effective Date, each of the representations and warranties made
by any Loan Party pursuant to this Amendment or any other

 3
 

Loan Document (or in any amendment, modification or supplement thereto)
to which it is a party, and each of the representations and warranties
contained in any certificate furnished at any time by or on behalf of any Loan
Party pursuant to this Amendment or any other Loan Document shall, except to
the extent that they relate to a particular date, be true and correct in all
material respects on and as of such date as if made on and as of such date.

2.             Corporate Power and Authority.  As
of the Amendment Effective Date, the Parent Borrower has the corporate power and
authority, and the legal right, to enter into and perform this Amendment.  The execution, delivery and performance of
this Amendment has been duly authorized by all necessary corporate action on
the part of the Parent Borrower.

3.             No Conflict; Governmental Consents.  The
execution and delivery by the Parent Borrower of this Amendment, and
performance by the Parent Borrower of the Credit Agreement as amended hereby,
will not (a) violate any Requirement of Law or Contractual Obligation of
such Loan Party in any respect that would reasonably be expected to have a
Material Adverse Effect, or (b) result
in, or require, the creation or imposition of any Lien (other than any Lien
permitted by subsection 8.3 of the Credit Agreement) on any of its properties
or revenues pursuant to any such Requirement of Law or Contractual Obligation.

4.             Binding Obligation.  (a)  This Amendment constitutes a legal,
valid and binding obligation of the Parent Borrower, enforceable against the
Parent Borrower in accordance with its terms, except as enforceability may be
limited by applicable domestic or foreign bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the enforcement of
creditors’ rights generally and by general equitable principles (whether
enforcement is sought by proceedings in equity or at law).

(b)  The
Consent, when executed and delivered by each Guarantor, will constitute a
legal, valid and binding obligation of such Guarantor, enforceable against such
Guarantor in accordance with its terms, except as enforceability may be limited
by applicable domestic or foreign bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting the enforcement of creditors’ rights
generally and by general equitable principles (whether enforcement is sought by
proceedings in equity or at law).

5.             No Default.  As of the Amendment Effective
Date, no Default or Event of Default has occurred and is continuing.

ARTICLE FOUR:  MISCELLANEOUS

1.             The provisions of this Amendment shall be
binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns.  Other than in
accordance with Section 8.5 of the Credit Agreement, the Parent Borrower may not
assign or otherwise transfer any of its rights or obligations hereunder without
the prior written consent of each Lender. 
No Lender may assign or otherwise transfer its rights or obligations
hereunder except in accordance with Section 11.6 of the Credit Agreement.

2.             Except as expressly amended hereby, the
Credit Agreement and all other documents, agreements and instruments relating
thereto are and shall remain unmodified and in full force and effect and are
hereby ratified and confirmed.  On and
after the Amendment Effective Date,

 4
 

each reference in the Credit Agreement to “this Agreement”, “hereunder”,
“hereof”, “herein” or words of like import, and each reference in the Notes to
the Credit Agreement, shall mean and be a reference to the Credit Agreement as
amended hereby, and this Amendment and the Credit Agreement shall be read
together and construed as a single instrument.

3.             Any
provision of this Amendment which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining
provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

4.             The execution, delivery and performance of
this Amendment shall not, except as expressly provided herein, constitute a
waiver of any provision of, or operate as a waiver of any right, power or
remedy of any Agent or Lender under, the Credit Agreement or any of the other Loan
Documents.

5.             Section headings herein are included herein
for convenience of reference only and shall not constitute a part hereof for
any other purpose or be given any substantive effect.

6. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS
OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

7.             This
Amendment may be executed by one or more of the parties to this Amendment on
any number of separate counterparts (including by telecopy), and all of such
counterparts taken together shall be deemed to constitute one and the same
instrument.

8.             The
parties hereto agree that this Amendment does not represent or create a
novation of the Credit Agreement and the other Loan Documents or any of the
Obligations and liabilities existing thereunder.

[The remainder of this page
is intentionally left blank.]

 5

	
   

  	
  THE HERTZ CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Elyse
  Douglas

  	
   

  
	
   

  	
   

  	
  Name: Elyse Douglas

  
	
   

  	
   

  	
  Title: Treasurer

  

 

Second Amendment – Term Credit Agreement

 

	
   

  	
  DEUTSCHE BANK AG, NEW YORK BRANCH

  
	
   

  	
  as Administrative Agent,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Marguerite Sutton

  	
   

  
	
   

  	
   

  	
  Name: Marguerite Sutton

  	
   

  
	
   

  	
   

  	
  Title: Director

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Evelyn Thierry

  	
   

  
	
   

  	
   

  	
  Name: Evelyn Thierry

  	
   

  
	
   

  	
   

  	
  Title: Vice President

  	
   

  

 

Second Amendment – Term Credit Agreement

LENDERS:

	
  

  	
   

  	
  By signing below, you have
  indicated your 

  
	
   

  	
   

  	
  consent to the
  Second Amendment to Credit 

  
	
   

  	
   

  	
  Agreement

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name of
  Institution:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
  Title:

  
					

 

[This Amendment was executed by
authorized signatories of 520 Lender Institutions:]

 

Second Amendment – Term Credit Agreement

Annex I

CONSENT OF GUARANTORS

Each
of the undersigned is a Guarantor of the Borrower Obligations of the Borrower
pursuant to the Guarantee and Collateral Agreement (as defined in the Credit
Agreement) and hereby (a) consents to the foregoing Amendment, (b) acknowledges
that, notwithstanding the execution and delivery of the foregoing Amendment,
the Guarantor Obligations of such Guarantor are not impaired or affected and
all guaranties made by such Guarantor pursuant to the Guarantee and Collateral
Agreement and all Liens granted by such Guarantor as security for the Guarantor
Obligations of such Guarantor pursuant to the Guarantee and Collateral
Agreement continue in full force and effect, and (c) confirms and ratifies
its obligations under each of the Loan Documents executed by it.  Capitalized terms used herein without
definition shall have the meanings given to such terms in the Amendment to
which this Consent is attached or in the Credit Agreement referred to therein
or in the Guarantee and Collateral Agreement, as applicable.

IN WITNESS WHEREOF, each of the undersigned has
executed and delivered this Consent of Guarantors as of the 9th day of February
2007.

(Signature
pages follow)

	
  

  	
  HERTZ INVESTORS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul J.
  Siracusa

  	
   

  
	
   

  	
   

  	
  Name: Paul J.
  Siracusa

  
	
   

  	
   

  	
  Title: Vice
  President and Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HERTZ EQUIPMENT
  RENTAL CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Elyse Douglas

  	
   

  
	
   

  	
   

  	
  Name: Elyse Douglas

  
	
   

  	
   

  	
  Title: Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BRAE HOLDING
  CORP.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Elyse Douglas

  	
   

  
	
   

  	
   

  	
  Name: Elyse Douglas

  
	
   

  	
   

  	
  Title: Treasurer

  
					

 

Second Amendment – Term Credit
Agreement

 

	
  

  	
  HERTZ CLAIM
  MANAGEMENT

  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Elyse Douglas

  	
   

  
	
   

  	
   

  	
  Name: Elyse Douglas

  
	
   

  	
   

  	
  Title: Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HCM MARKETING
  CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Elyse Douglas

  	
   

  
	
   

  	
   

  	
  Name: Elyse Douglas

  
	
   

  	
   

  	
  Title: Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HERTZ LOCAL
  EDITION CORP.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Elyse Douglas

  	
   

  
	
   

  	
   

  	
  Name: Elyse Douglas

  
	
   

  	
   

  	
  Title: Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HERTZ LOCAL
  EDITION TRANSPORTING,

  INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Elyse Douglas

  	
   

  
	
   

  	
   

  	
  Name: Elyse Douglas

  
	
   

  	
   

  	
  Title: Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HERTZ GLOBAL
  SERVICES CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Elyse Douglas

  	
   

  
	
   

  	
   

  	
  Name: Elyse Douglas

  
	
   

  	
   

  	
  Title: Treasurer

  

 

Second Amendment – Term Credit
Agreement

 

	
  

  	
  HERTZ SYSTEM,
  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Elyse Douglas

  	
   

  
	
   

  	
   

  	
  Name: Elyse Douglas

  
	
   

  	
   

  	
  Title: Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HERTZ
  TECHNOLOGIES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Elyse Douglas

  	
   

  
	
   

  	
   

  	
  Name: Elyse Douglas

  
	
   

  	
   

  	
  Title: Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HERTZ
  TRANSPORTING, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Elyse Douglas

  	
   

  
	
   

  	
   

  	
  Name: Elyse Douglas

  
	
   

  	
   

  	
  Title: Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SMARTZ VEHICLE
  RENTAL CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/Elyse Douglas

  	
   

  
	
   

  	
   

  	
  Name: Elyse Douglas

  
	
   

  	
   

  	
  Title: Treasurer

  

 

Second Amendment – Term Credit
Agreement

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