Document:

Form of Supplemental Executive Retirement Plan

 Exhibit 10.12 
 STERLING FINANCIAL CORPORATION 
 AND STERLING SAVINGS
BANK 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (Restated) 
 Sterling Financial Corporation and Sterling Savings Bank hereby adopt the Sterling Financial Corporation and Sterling Savings Bank
Supplemental Executive Retirement Plan (Restated) (the “Plan”), effective as of January 1, 2009. The original effective date of the Plan was January 1, 2002. 
 I. PURPOSE 
 The purpose of the Plan is to provide
retirement benefits for highly compensated key executives of Sterling to supplement the benefits under any plans qualified under Section 401(a) of the Internal Revenue Code. 
 II. DEFINITIONS 
 2.0 “Annual Salary” shall
be the annual salary amount listed for each Participant in the Participant’s Beneficiary Designation and Acknowledgment Form. 
 2.1 “Beneficiary” means a person, designated under Section 3.8 by a Participant to receive any retirement benefits pursuant to this Plan in the event of Participant’s death. 
 2.2 “Beneficiary Designation and Acknowledgment Form” shall mean the beneficiary designation and acknowledgment form substantially
in the form attached hereto as Exhibit 1. 
 2.3 “Board” shall mean the Board of Directors of Sterling Financial
Corporation. 
 2.4 “Change in Control” shall mean the occurrence of a “change in ownership”, a “change
in effective control” or a “change in the ownership of a substantial portion of the assets” of a corporation, as determined in accordance with this Section. 
 In order for an event described below to constitute a Change in Control with respect to a Participant, except as otherwise provided in part
(b)(ii) of this Section, the applicable event must relate to the corporation for which the Participant is providing services, the corporation that is liable for payment of the Participant’s Account (or all corporations liable for payment if
more than one), as identified by the Committee in accordance with Treas. Reg. § 1.409A-3(i)(5)(ii)(A)(2), or such other corporation identified by the Committee in accordance with Treas. Reg.§ 1.409A-3(i)(5)(ii)(A)(3) 
 In determining whether an event shall be considered a “change in ownership,” a “change in the effective control” or a
“change in the ownership of a substantial portion of the assets” of a corporation, the following provisions shall apply: 
 (a) A “change in ownership” of the applicable corporation shall occur on the date on which any one person, or more than one person acting as a group, acquires ownership of

  

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stock of such corporation that, together with stock held by such person or group, constitutes more than 50% of the total fair market value or total voting power of the stock of such corporation,
as determined in accordance with Treas. Reg. § 1.409A-3(i)(5)(v). If a person or group is considered either to own more than 50% of the total fair market value or total voting power of the stock of such corporation, or to have effective control
of such corporation within the meaning of part (b) of this Section, and such person or group acquires additional stock of such corporation, the acquisition of additional stock by such person or group shall not be considered to cause a
“change in ownership” of such corporation. 
 (b) A “change in effective control” of the applicable
corporation shall occur only on either of the following dates: 
 (i) The date on which any one person, or more than one person
acting as a group, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of such corporation possessing 30% or more of the total voting power of the stock
of such corporation, as determined in accordance with Treas. Reg. § 1.409A-3(i)(5)(vi). If a person or group is considered to possess 30% or more of the total voting power of the stock of a corporation, and such person or group acquires
additional stock of such corporation, the acquisition of additional stock by such person or group shall not be considered to cause a “change in effective control” of such corporation; or 
 (ii) The date on which a majority of the members of the applicable corporation’s board of director is replaced during any 12-month
period by directors whose appointment or election is not endorsed by a majority of the members of such corporation’s board of directors before the date of the appointment or election, as determined in accordance with Treas. Reg. §
1.409A-3(i)(5)(vi). In determining whether the event described in the preceding sentence has occurred, the applicable corporation to which the event must relate shall only include a corporation identified in accordance with Treas. Reg. §
1.409A-3(i)(5)(ii) for which no other corporation is a majority shareholder. 
 (c) A “change in the ownership of a
substantial portion of the assets” of the applicable corporation shall occur on the date on which any one person, or more than one person acting as a group, acquires (or has acquired during the 12-month period ending on the date of the most
recent acquisition by such person or persons) assets from the corporation that have a total gross fair market value equal to more than 40% of the total gross fair market value of all for the assets of the corporation immediately before such
acquisition or acquisitions, as determined in accordance with Treas. Reg. § 1.409A-3(i)(5)(vii)(B). 
 2.5
“Class” shall mean one of the three classes under “Normal Retirement Benefit” to which a Participant may be assigned by the Committee. 
 2.6 “Committee” shall mean the Personnel Committee of the Board. 
 2.7
“Director” shall mean a member of the board of directors of Sterling. 
 2.8 “Disability” or
“Disabled” shall mean a Participant who either: (a) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be
expected to last for a

  

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continuous period of not less than 12 months, or (b) by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last
for a continuous period of not less than 12 months, is receiving income replacement benefits for a period of not less than 3 months under an accident or health plan covering employees of the Participant’s employer. For purposes of this Plan, a
Participant shall be deemed Disabled if determined to be totally disabled by the Social Security Administration. A Participant shall also be deemed disabled if determined to be disabled in accordance with the applicable disability insurance program
of such Participant’s employer, provided that the definition of “disability” applied under such disability insurance program complies with the requirements of this Section. 
 2.9 “Early Retirement Benefit” shall mean the Normal Retirement Benefit multiplied by the Early Retirement Reduction Percentage.

 2.10 “Early Retirement Reduction Percentage” is 5% annually for each year the Participant’s date of Separation
from Service precedes his Normal Retirement Age (e.g., the Early Retirement Reduction Percentage is 5% for a Participant retiring the year prior to obtaining Normal Retirement Age). The Early Retirement Reduction Percentage is not to exceed 50%. For
purposes of determining the number of years prior to Normal Retirement Age that a Participant’s retirement date occurs, a year shall be the 12-month period ending on such Participant’s birthday. No Early Retirement Reduction Percentage
will be applied to the benefits of those Participants who have completed 25 Years of Service. 
 2.11 “Employee” shall
mean any person who is in the regular full time employment of Sterling as determined by the personnel policies of Sterling. 
 2.12 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and includes applicable Department of Labor regulations. 
 2.13 “Internal Revenue Code” shall mean the Internal Revenue Code of 1986 as currently effective or subsequently amended. 
 2.14 “Normal Retirement Age” shall mean 67 1/2 in the case of Class I Participants and 65 in the case of Class II
and III Participants. 
 2.15 “Normal Retirement Benefit” shall mean a series of annual payments (payable in
monthly installments) over a number of years as set forth in the following table, as determined by the Class to which the Committee assigns a Participant, multiplied by the Vesting Percentage: 
  

								
	 	  	Percentage of
Annual Salary To
be Received	 	 	Number of
Annual
Payments	  	Payments
Commencing at
Age
	 Class I
	  	60	  	 	15	  	67 1/2
	 Class II
	  	50	1 	 	15	  	65
	 Class III
	  	40	2 	 	10	  	65

  

	1	 Percentage increases to 52%, 54%, 56%, 58% and 60% on the first through fifth anniversaries of the date on which the Participant entered the Plan.

	2	 Percentage increases to 42%, 44%, 46%, 48% and 50% on the first through anniversaries of the date on which the Participant entered the Plan.

  

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 2.16 “Participant” shall mean an Employee who has been assigned to a specific
Class under this Plan by the Committee and who has executed a Beneficiary Designation and Acknowledgment Form. Participant includes any former Participant who has a retirement benefit payable hereunder which has not been wholly paid. 
 2.17 “Participating Employer” shall mean Sterling Financial Corporation, Sterling Savings Bank, INTERVEST-Mortgage Investment
Company and Action Mortgage Company. In conjunction with the assignment of a Participant to a specific Class under the Plan, the Committee may expand the list of Participant Employers as necessary to include the employer of any newly designated
Participant. 
 2.18 “Plan” shall mean this Sterling Financial Corporation and Sterling Savings Bank Supplemental
Executive Retirement Plan as it may be amended from time to time. 
 2.19 “Present Value” shall be determined by
discounting the future benefit payments using a discount rate of 7% per annum. 
 2.20 “Retirement” or
“Retire” shall mean with respect to a Participant who is an Employee, a Separation from Service on or after the attainment of Normal Retirement Age. 
 2.21 “Separation from Service” shall mean a termination of services provided by a Participant to Sterling, whether voluntarily or involuntarily, other than by reason of death or Disability, as
determined by the Committee in accordance with Treas. Reg. §1.409A-1(h). In determining whether a Participant has experienced a Separation from Service, the following provisions shall apply: 
 (a) For a Participant who provides services to an Sterling as an Employee, except as otherwise provided in part (c) of this Section, a
Separation from Service shall occur when such Participant has experienced a termination of employment with Sterling. A Participant shall be considered to have experienced a termination of employment when the facts and circumstances indicate that the
Participant and Sterling reasonably anticipate that either (i) no further services will be performed for Sterling after a certain date, or (ii) that the level of a bona fide services the Participant will perform for Sterling after such
date (whether as an Employee or as an independent contractor) will permanently decrease to no more than 20% of the average level of bona fide services performed by such Participant (whether as an employee or independent contractor) over the
immediately preceding 36-month period (or the full period of services to Sterling if the Participant has been providing services to Sterling less than 36 months). 
 If a Participant is on military leave, sick leave, or other bona fide leave of absence, the employment relationship between the Participant and Sterling shall be treated as continuing intact, provided
that the period of such leave does not exceed 6 months, or if longer, so long as the Participant retains a right to reemployment with Sterling under an applicable statute or by contract. If the period of military leave, sick leave, or other bona
fide leave of absence exceeds 6 months and the Participant does not retain a right to reemployment under an applicable statute or by contract, the employment relationship shall be considered to be terminated for purposes of this Plan as of the first
day immediately following the end of such 6-month period. In applying the provisions of this paragraph, a leave of absence shall be considered a bona fide leave of absence only if there is a reasonable expectation that the Participant will return to
perform services for Sterling. 
  

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 (b) For a Participant who provides services to Sterling as an independent contractor, except
as otherwise provided in part (c) of this Section, a Separation from Service shall occur upon the expiration of the contract (or in the case of more than one contract, all contracts) under which services are performed for Sterling, provided
that the expiration of such contract(s) is determined by the Committee to constitute a good-faith and complete termination of the contractual relationship between the Participant and Sterling. 
 (c) For a Participant who provides services to Sterling as both an Employee and an independent contractor, a Separation from Service
generally shall not occur until the Participant has ceased providing services for Sterling as both an Employee and as an independent contractor, as determined in accordance with the provisions set forth in parts (a) and (b) of this
Section, respectively. Similarly, if a Participant either (i) ceases providing services for Sterling as an independent contractor and begins providing services for Sterling as an employee; or (ii) ceases providing services for Sterling as
an employee and begins providing services for Sterling as an independent contractor, the Participant will not be considered to have experienced a Separation from Service until the Participant has ceased providing services for such Employer in both
capacities, as determined in accordance with applicable provisions set forth in parts (a) and (b) of this Section. 
 Notwithstanding the foregoing provisions in this part (c), if a Participant provides services for an Employer as both an Employee and as a Director, to the extent permitted by Treas. Reg. §1.409A- 1(h)(5) the services provided by such
Participant as a Director shall not be taken into account in determining whether the Participant has experienced a Separation for Service as an Employee, and the services provided by such Participant as an Employee shall not be taken into account in
determining whether the Participant has experienced a Separation from Service as a Director. 
 2.22 “Service” means
employment by Sterling as an Employee, including employment prior to the adoption of this Plan. 
 2.23 “Sterling”
shall mean: 
 (a) Except as provided in (b) of this Section 2.22, Sterling Financial Corporation, a Washington
corporation, and Sterling Savings Bank, a Washington State-chartered bank, each of their direct or indirect subsidiaries and each of their respective successors. 
 (b) For the purpose of determining whether a Participant has experienced a Separation from Service, the term “Sterling” shall mean 
 (i) The entity for which the Participant performs services and with respect to which the legally binding right to benefits under this Plan
arises; and 
 (ii) All other entities with which the entity described above would be aggregated and treated as a single
employer under Code Section 414(b) (controlled group of

  

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corporations) and Code Section 414(c) (a group of trades or business, whether or not incorporated, under common control), as applicable. In order to identify the group of entities described
in the preceding sentence, the Committee shall use an ownership threshold of at least 50% as a substitute for the 80% minimum ownership threshold that appears in, and otherwise must be used when applying the applicable provisions of: (A) Code
Section 1563 for determining a controlled group of corporations under Code section 414(b); and (B) Treas. Reg. §1.414(c)-2 for determining the trades or businesses that are under common control under Code Section 414(c).

 2.24 “Vesting Percentage” used to calculate the benefits provided under the Plan is determined under the following
table: 
  

			
	             Years of Service with Sterling as of
Separation from Service
	  	Percent of Benefit
Vested
	             1 Year of Service but less than 2
	  	10%
	             2 Years of Service but less than 3
	  	20%
	             3 Years of Service but less than 4
	  	30%
	             4 Years of Service but less than 5
	  	40%
	             5 Years of Service but less than 6
	  	50%
	             6 Years of Service but less than 7
	  	60%
	             7 Years of Service but less than 8
	  	70%
	             8 Years of Service but less than 9
	  	80%
	             9 Years of Service but less than 10
	  	90%
	             10 Years of Service
	  	100%

 2.25 “Years of
Service” means the total number of full years of Service by a Participant. For purposes of this definition, a year of employment shall be a 365-day period (or 366-day period in the case of a leap year) that, for the first year of employment,
commences on the Employee’s date of hiring and that, for any subsequent year, commences on an anniversary of that hiring date. A partial year of employment shall not be treated as a Year of Service. 
 III. PLAN BENEFITS 
 3.0 Normal Retirement: As of the Normal Retirement Age, a Participant in Service shall be eligible to Retire with Sterling and receive his Normal Retirement Benefit hereunder. Participant shall commence receiving payment of his
Normal Retirement Benefit on the first payroll date of the seventh month following the date on which the Participant Retires. 
 3.1 Delayed Retirement: In the event a Participant remains in Service following the Normal Retirement Age, the date he actually experiences a Separation from Service shall be his delayed retirement date (“Delayed Retirement
Date”). On the first payroll date of the seventh month following such Delayed Retirement Date, Participant shall commence receiving payment of his Normal Retirement Benefit. 
  

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 3.2 Early Retirement: Subject to all the other provisions of the Plan, in the event a
Participant’ experiences a Separation from Service prior to the Normal Retirement Age for any reason other than death or Disability, he shall receive an Early Retirement Benefit. Participant shall commence receiving payment of his Early
Retirement Benefit as of the later of: (a) the first payroll date of the seventh month following Participant’s Separation from Service; or (b) the first payroll date of the month following the date on which the Participant attains
Normal Retirement Age. 
 3.3 Disability: In the event a Participant in Service becomes Disabled prior to Normal
Retirement Age, he will be credited with Service until either his Disability ceases or he attains Normal Retirement Age, whichever is earlier. If the Participant ceases to be Disabled prior to the Normal Retirement Age, the Participant shall be
deemed to have experienced a Separation from Service with Sterling as of the date he ceased to be Disabled and will receive payments of the Early Retirement Benefit pursuant to the terms of Section 3.2, above, based on such deemed Separation
from Service, unless he resumes Service with Sterling at such time. If Participant remains Disabled until reaching Normal Retirement Age, Participant will receive his Normal Retirement Benefit pursuant to Section 3.1, above, with credit for
Service as provided in this Section 3.3. 
 3.4 Death While In Service or after Disability: In the event a
Participant dies while in Service or during the continuation of a Disability and prior to the receipt of retirement benefits, then the retirement benefit of the Participant shall be the Present Value of the Normal Retirement Benefit, except that the
Normal Retirement Benefit will not be reduced by the application of the Vesting Percentage. Such retirement benefit shall be payable to the Beneficiary of the Participant in monthly installments commencing on the first payroll date of the month
following the Participant’s death. 
 3.5 Death Following Commencement of Benefit Payments: In the event a
Participant dies following commencement of retirement benefit payments under this Plan, any remaining payments shall be made to the Beneficiary of the Participant. 
 3.6 Death Following Early Retirement: In the event a Participant dies following Early Retirement and his retirement benefit payments have not commenced, his Early Retirement Benefit will be made to
the Beneficiary, payable in monthly installments commencing on the first payroll date of the month following the Participant’s death. 
 3.7 No Trust: Sterling intends this Plan to be an unfunded plan maintained primarily to provide supplemental retirement benefits for a select group of management or highly compensated employees
within the meaning of ERISA and the Internal Revenue Code and intends this Plan to be exempt from parts 2, 3, and 4, of Title I of ERISA. Sterling’s obligation to pay benefits under this Plan is an unsecured promise to pay. Sterling shall not
be obligated under any circumstances to fund its financial obligations under this Plan prior to the date any benefits become payable pursuant to the terms of this Plan, and neither Sterling, members of the Board or Committee, nor any other person
shall be deemed to be a trustee of any amounts to be paid under the Plan. No Participant or Beneficiary shall have any right, title, or interest whatsoever in or to any insurance, reserves, accounts, or funds that Sterling may purchase, establish,
or accumulate to aid in providing benefits under the Plan. Nothing contained in the Plan, and no action taken pursuant to its provisions, shall create a trust or fiduciary relationship of any kind between Sterling, the Board or the Committee, on one
hand and a Participant, Beneficiary, or any other person on the other hand. 
  

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 3.8 Designation of Beneficiary: Each Participant shall have the right to designate
Beneficiaries who are to succeed to his contingent right to receive benefits payments hereunder in the event of his death. In case of a failure to designate, or in the case of the death of a designated Beneficiary without a designated successor,
distributions shall be made to a Participant’s surviving spouse or, if none, to his estate. No designation of Beneficiary or change thereof shall be valid unless a replacement Beneficiary Designation and Acknowledgment Form is signed by the
Participant, dated and filed with the Committee, or its Designee, as defined under Section 7.0, below. 
 IV. CHANGE IN
CONTROL 
 4.0 Change in Control: If a Change in Control of Sterling occurs while the Participant is in Service, and
if within 3 years following such Change in Control (i) the employment of the Participant is terminated as a result of such Change in Control, or (ii) the Plan is terminated, then the retirement benefit of the Participant, determined as of
the date the event described in (i) or (ii) occurs, shall be the Present Value of the Normal Retirement Benefit, except that the Normal Retirement Benefit will not be reduced by the application of the Vesting Percentage. Instead, the
benefit will be reduced by 5% for each of the Participant’s completed Years of Service less than 20. Such retirement benefit shall be payable in a lump sum six months after the event described in (i) or (ii) to the Participant if he
is living, or if not living the Beneficiary. 
 4.1 Termination as a Result of Change in Control: Notwithstanding any
provisions in this Plan to the contrary, if the Participant experiences a Separation from Service due to termination of employment by Sterling (or any successor to Sterling) for any reason other than for Cause, as defined in the last sentence of
Section 5.0, or due to termination of employment by the Participant for Good Reason, as defined in Section 4.2, within 3 years following a Change in Control of Sterling, such termination of employment shall be deemed to be as a result of
the Change in Control of Sterling for purposes of this Section 4 unless such separation is because of death, Disability or Retirement. 
 4.2 Good Reason: For purposes of this Section 4, Good Reason shall mean the occurrence of a Good Reason Event as described in 4.2(a), followed by compliance with the provisions of 4.2(b).

 (a) Good Reason Events. For purposes of the Plan, a termination for Good Reason shall mean Participant’s
Separation from Service upon the occurrence of one of the following events within three years of the occurrence of a Change in Control: 
 (i) Inferior Duties. The assignment of duties by Sterling to Participant without his or her written consent that (A) are inferior to Participant’s duties prior to the Change in Control in
any material respect, (B) result in Participant having inconsequential authority or responsibility compared to the authority or responsibility he had prior to the Change in Control, or (C) result in Participant reporting to or being
supervised by someone having less authority or responsibility than the person or body Participant reported to prior to the Change in Control. 
  

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 (ii) Salary Reduction. A material reduction of Participant’s salary in effect
immediately prior to the Change in Control. 
 (iii) Relocation. Participant, without his written consent, is required
by his employment to perform a substantial part of his duties at one or more locations more than twenty-five miles distant from the location where Participant performed his duties prior to the Change in Control. 
 (iv) Breach. A material breach by the Sterling of any provision of this Plan. 
 (b) Notice of Good Reason. Upon the occurrence of an event listed in Section 4.2(a), Participant shall give written notice to
Sterling of the existence of an event constituting Good Reason within 90 days of the initial occurrence of such event, and Sterling will have 30 days to cure or otherwise obtain Participant’s express written consent to the occurrence or
continuance of such event. Any termination for Good Reason must occur within two years of the initial occurrence of an event constituting Good Reason hereunder. Participant’s termination for Good Reason hereunder shall be treated as an
involuntary Separation from Service under Internal Revenue Code Section 409A. 
 4.3 Exclusive Benefit: A
Participant’s receipt of benefits under this Section 4 shall be in lieu of all other benefits provided under the Plan. 
 V. TERMINATION 
 5.0 Termination for Cause: Notwithstanding any contrary provision of this Plan, in the
event a Participant’s employment is terminated for cause there shall be no benefits accrued or paid under the Plan to the Participant or Beneficiary. “Cause,” prior to a Change in Control, shall mean a determination by the Board in
its absolute discretion, that a Participant has engaged in dishonest or fraudulent action in the performance of his duties for Sterling. “Cause,” following a Change in Control, shall mean conduct that would constitute (a) a felony, or
(b) a misdemeanor involving dishonesty, fraud or moral turpitude, under the Criminal Code of the State of Washington. 
 5.1 Non-compete Clause: Notwithstanding any contrary provision of this Plan, the right of a Participant to any benefits under this Plan will be forfeited if: 
 (a) during the one year period following termination of Service, Participant, without express prior written consent of Sterling, directly or
indirectly, owns or holds any proprietary interest in any corporation, partnership, sole proprietorship or other entity engaged in competition with Sterling (a “Competitor”); or 
 (b) during the two year period following termination of Service, the Participant, without prior written consent of Sterling, directly or
indirectly, (1) solicits or services for the account of any Competitor any customer or client of Sterling; (2) acts on behalf of any Competitor to interfere with the relationship between Sterling and its Employees; or (3) solicits
Employees for new employment. 
  

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 For purposes of this Section 5.1, (i) the term “proprietary interest”
means legal or equitable ownership, whether through stockholdings or otherwise, of greater than a 20% equity interest in a business, firm or entity, and (ii) an entity shall be considered to be “engaged in competition” if such entity
is, or is a holding company for a bank, savings and loan association or other financial services business engaged in a business that competes with Sterling in the states of Washington, Idaho, Montana or Oregon. 
 VI. DISTRIBUTIONS 
 6.0 Method of Payment: Benefits shall be payable in monthly installments, except for benefits under Article IV, which are payable in lump sum. 
 VII. PLAN ADMINISTRATION 
 7.0 Administration: This Plan shall be
administered for Sterling by persons or entities designated by the Committee to administer the Plan (the “Designee”). Subject to the discretion of the Board and the Committee, the Designee shall have the authority to control and manage the
operation and administration of the Plan. In the event that an overpayment is made, or in the event the retirement benefit is paid to an individual who is not entitled to the retirement benefit under the Plan, the Designee shall take all reasonable
steps as soon as practicable to adjust future payments, to recover the overpayment, including the institution of judicial proceedings. 
 7.1 Committee – Specific Authority: The authority of the Committee shall include, without limitation, the power: 
 (a) To amend or modify this Plan, provided that any such amendment or modification may not reduce any of the benefits accrued under the Plan as of the date of such amendment; 
 (b) To terminate this Plan, in accordance with the requirements of Internal Revenue Code Section 409A and the regulations and guidance
promulgated thereunder, provided that any such termination may not reduce the retirement benefits of a Participant then in Service, which he shall be entitled to receive commencing at Normal Retirement Age in lieu of any other benefit under this
Plan. Notwithstanding the preceding sentence, to the extent permitted by Treas. Reg. §1.409A-3(j)(4)(ix), the Committee may provide that upon termination of the Plan, the Present Value of all accrued benefits of the Participants shall be
distributed, subject to and in accordance with any rules established by such Committee deemed necessary to comply with the applicable requirements and limitations of Treas. Reg. §1.409A-3(j)(4)(ix). 
 (c) To authorize the Designee to administer the claims procedure to the extent provided in Section 8. 
 (d) To interpret the provisions of this Plan, consistent with Internal Revenue Code Section 409A and the applicable guidance
promulgated thereunder. 
  

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 7.2 Required Information to Designee: Each Participant will furnish to the Designee
such information as the Designee considers necessary or desirable for purposes of administering the Plan, and the revisions of the Plan respecting any payments under it are conditional upon the Participant’s furnishing promptly true, full and
complete information as the Designee may request. Such representation shall be binding upon any party seeking to claim a benefit through a Participant. Each Participant will submit proof of age to the Designee at such time as required by the
Designee. The Designee will, if proof of age is not submitted as required, make use of conclusive evidence of any information as is deemed by it to be reliable. 
 VIII. CLAIMS PROCEDURES 
 8.1 Presentation of Claim. Any Participant
or Beneficiary of a deceased Participant (such Participant or Beneficiary being referred to below as a “Claimant”) may deliver to the Designee, as defined in Section 7.0, a written claim for a determination with respect to the amounts
distributable to such Claimant from the Plan. If such a claim relates to the contents of a notice received by the Claimant, the claim must be made within 60 days after such notice was received by the Claimant. All other claims must be made within
180 days of the date on which the event that caused the claim to arise occurred. The claim must state with particularity the determination desired by the Claimant. 
 8.2 Notification of Decision. The Designee shall consider a Claimant’s claim within a reasonable time, but no later than 90 days after receiving the claim. If the Designee determines that
special circumstances require an extension of time for processing the claim, written notice of the extension shall be furnished to the Claimant prior to the termination of the initial 90-day period. In no event shall such extension exceed a period
of 90 days from the end of the initial period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Designee expects to render the benefit determination. The Designee shall notify the
Claimant in writing: 
 (a) that the Claimant’s requested determination has been made, and that the claim has been allowed
in full; or 
 (b) that the Designee has reached a conclusion contrary, in whole or in part, to the Claimant’s requested
determination, and such notice must set forth in a manner calculated to be understood by the Claimant: 
 (i) the specific
reason(s) for the denial of the claim, or any part of it; 
 (ii) specific reference(s) to pertinent provisions of the Plan
upon which such denial was based; 
 (iii) a description of any additional material or information necessary for the Claimant
to perfect the claim, and an explanation of why such material or information is necessary; 
 (iv) an explanation of the claim
review procedure set forth in Section 8.3 below; and 
  

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 (v) a statement of the Claimant’s right to bring a civil action under ERISA
Section 502(a) following an adverse benefit determination on review. 
 8.3 Review of a Denied Claim. On or before
60 days after receiving a notice from the Designee that a claim has been denied, in whole or in part, a Claimant (or the Claimant’s duly authorized representative) may file with the Designee a written request for a review of the denial of the
claim. The Claimant (or the Claimant’s duly authorized representative): 
 (a) may, upon request and free of charge, have
reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to the claim for benefits; 
 (b) may submit written comments or other documents; and/or 
 (c) may request a
hearing, which the Designee, in its sole discretion, may grant. 
 8.4 Decision on Review. The Designee shall render its
decision on review promptly, and no later than 60 days after the Designee receives the Claimant’s written request for a review of the denial of the claim. If the Designee determines that special circumstances require an extension of time for
processing the claim, written notice of the extension shall be furnished to the Claimant prior to the termination of the initial 60-day period. In no event shall such extension exceed a period of 60 days from the end of the initial period. The
extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Designee expects to render the benefit determination. In rendering its decision, the Designee shall take into account all comments,
documents, records and other information submitted by the Claimant relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. The decision must be written in a manner
calculated to be understood by the Claimant, and it must contain: 
 (a) specific reasons for the decision; 
 (b) specific reference(s) to the pertinent Plan provisions upon which the decision was based; 
 (c) a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to and copies of, all
documents, records and other information relevant (as defined in applicable ERISA regulations) to the Claimant’s claim for benefits; and 
 (d) a statement of the Claimant’s right to bring a civil action under ERISA Section 502(a). 
 8.5 Disability Benefits. The Designee shall comply with the special rules for Disability claims in 29 CFR §2560.503-1, where the availability of the benefit is conditioned upon a showing of
Disability. Where a benefit is available only on a finding of Disability and such finding has already been determined under another benefit plan or program of the Employer, the special Disability claim rules need not apply and the rules of this
Section 8 shall govern. 
  

 12 

 8.6 Action by Authorized Representative of Claimant. All actions set forth in this
Section 8 to be taken by the claimant likewise may be taken by a representative of the claimant duly authorized by him to act on his behalf on such matters. The Designee and the Committee may require such evidence of the representative’s
authority to act as either the Designee or the Committee may reasonably deem necessary or advisable. 
 8.7. Legal
Action. A Claimant’s compliance with the foregoing provisions of this Section 8 is a mandatory prerequisite to a Claimant’s right to commence any legal action with respect to any claim for benefits under this Plan. 
 IX. MISCELLANEOUS 
 9.0 Competence: Every person receiving or claiming amounts payable under this Plan shall be conclusively presumed mentally competent and of legal age until the Committee receives a written notice, in a form, manner and substance
acceptable to it, that the person is incompetent or is a minor or that a guardian or other person usually vested with care of the person’s estate has been appointed. In that case, payments shall be made to the appointed person on behalf of the
recipient. Payment to such person or institution shall be in full satisfaction of all claims by or through the Participant to the extent of the amount thereof. 
 9.1 Lost Distributees: Notwithstanding any contrary provision herein, a benefit shall be deemed forfeited if the Committee is unable after a reasonable effort to locate the Participant or any party
claiming under or through him to whom payment is due; provided, however, that such benefit shall be reinstated if a valid claim is made by or on behalf of such person for the forfeited benefit. 
 9.2 Receipt and Release for Payments: Any payment made from the Plan to or with respect to any Participant shall be in full
satisfaction of all claims hereunder against the Plan and Sterling with respect to the Plan to the extent of such payment. The recipient of any payment from the Plan may be required by the Committee to execute a receipt and release thereto in such
form as shall be acceptable to the Committee as a condition precedent to such payment. 
 9.3 Employment Not Guaranteed:
Nothing contained in the Plan nor any action taken hereunder shall be construed as a contract of employment or as giving any Participant any right to be retained in the employ of Sterling, nor shall it interfere with the right of Sterling to
discharge a Participant or deal with him without regard to the effect thereof under the Plan. 
 9.4 No Liability:
Neither Sterling, the Committee, the Board nor any affiliate of any of them shall be liable for any action or determination made with respect to this Plan. 
 9.5 No Guarantee of Tax Consequences: Neither Sterling nor the Committee makes any commitment or guarantee that any federal or state tax treatment will apply or be available to any Participant in
the Plan. 
 9.6 Merger: This Plan document including Exhibits constitute the full and entire understanding with regard
to this subject matter and may not be modified or abrogated orally or by course of dealing, but only by another instrument in writing duly adopted by the Board. 
  

 13 

 9.7 Severability: In the event any provision of this Plan shall be held illegal,
invalid or unenforceable for any reason, such provision shall be fully severable, but shall not affect the remaining provisions of the Plan, and the Plan shall be construed and enforced as if the illegal, invalid or unenforceable provision had never
been included herein. 
 9.8 Benefits Not Assignable: Neither the Participant nor Beneficiary may assign, transfer,
anticipate or pledge the benefits under this Plan, nor may they be subject to attachment or garnishment of creditors. Any attempt to assign, transfer or pledge a Participant’s benefits under this Plan is void. 
 9.9 Headings: The headings and subheadings of the Plan have been inserted for convenience of reference and are to be ignored in any
construction of the provisions hereof. 
 9.10 Notice: Any notices required or permitted to be given under this Plan
shall be sufficient if in writing and hand delivered or sent by certified or registered mail, return receipt requested, to the following addresses: 
  

			
	To Sterling:	  	 Sterling Financial Corporation and
 Sterling Savings Bank
 111 North Wall Street
 Spokane, WA 99201

 To Participant: At the
Participant’s Address on File with Sterling 
 or at such other addresses as Sterling or a Participant may
designate, from time to time, in writing. 
 9.11 Governing Law: To the extent not superceded by the laws of the United
States, the Plan will be construed and enforced according to the laws of Washington. 
 9.12 Gender Usage: The use of the
masculine includes the feminine gender for all purposes of this Plan document. 
 9.13 Exhibits: Exhibits referred to
herein shall be deemed to be incorporated herein by reference. 
 X. EFFECTIVE DATE 
 10.0 The original effective date of this Plan shall be January 1, 2002. The effective date of this restatement of the Plan is
January 1, 2009. 
 [Signature Page to Follow] 
  

 14 

 IN WITNESS WHEREOF, the Sterling Financial Corporation and Sterling Savings Bank
Supplemental Executive Retirement Plan (Restated), having been duly approved and adopted by the respective Board of each entity, is executed on behalf of the Sterling on Dec 29, 2008. 
  

			
	Sterling Financial Corporation
		
	By:	 	  

	Title:	 	  

  

			
	Attest:
		
	By:	 	  

	
	(Corporate Seal)

  

			
	Sterling Savings Bank
		
	By:	 	  

	Title:	 	  

  

			
	Attest:
		
	By:	 	  

	
	(Corporate Seal)

 [Signature
Page to Sterling Financial Corporation and Sterling Savings Bank 
 Supplemental Executive Retirement Plan (Restated)] 

 Exhibit 1 
 STERLING FINANCIAL CORPORATION 
 and STERLING SAVINGS BANK 

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 BENEFICIARY DESIGNATION 
 AND ACKNOWLEDGMENT FORM 
 Pursuant to the Plan, in the event of the Participant’s death, the Participant designates the following as the Beneficiaries to succeed
to any rights the Participant may have to receive benefit payments under this Plan: 
  

									
	1.	  	  
	  	  
	  	  
	  	        %*
		  	    Beneficiary Name	  	Address	  	Social Security No. Percent	  	
	2.	  	  
	  	  
	  	  
	  	        %*
		  	    Beneficiary Name	  	Address	  	Social Security No. Percent	  	
			
		  	Furthermore, Participant and Participant’s spouse hereby acknowledge:	  	
			
		  	 (i)     that the Participant has been assigned to Class     and to an
Annual Salary of $              under the Plan;
	  	
			
		  	 (ii)    that notwithstanding any oral or written descriptions of the Plan, the Plan documents,
as it may be amended from time to time, shall govern the Plan and the Participant’s rights under the Plan.
	  	

  

	
	  

	Participant
	
	  

	Participant’s Spouse

  

	*	If the percentage for each Beneficiary is not provided, the total benefit will be divided equally among the living Beneficiaries designated. 

Exhibit 1Amendment No. 13 & 14 to Credit Agreement

 Exhibit 10.1.9 
 EXECUTION COPY 
 AMENDMENT NO. 13 
 Dated as of December 15, 2009 
 to 
 CREDIT AGREEMENT 
 Dated as of August 17, 2007 
 THIS
AMENDMENT NO. 13 (“Amendment”) is made as of December 15, 2009 by and among YRC Worldwide Inc. (the “Company”), the Canadian Borrower and the UK Borrower (together with the Company, the
“Borrowers”), the financial institutions listed on the signature pages hereof and JPMorgan Chase Bank, National Association, as Administrative Agent (the “Administrative Agent”), under that certain Credit Agreement
dated as of August 17, 2007 by and among the Borrowers from time to time party thereto, the Lenders and the Administrative Agent (as amended, amended and restated, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement. 
 WHEREAS, the Company has requested that the Lenders and the Administrative Agent agree to certain amendments to the Credit Agreement; and 
 WHEREAS, the Lenders party hereto and the Administrative Agent have agreed to such amendments on the terms and conditions
set forth herein; 
 NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions
contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrowers, the Lenders party hereto and the Administrative Agent have agreed to enter into this Amendment. 
 1. Amendments to Credit Agreement. Effective as of the date of satisfaction or waiver of the conditions precedent set
forth in Section 2 below, the Credit Agreement is hereby amended as follows: 
 (a)
Section 2.01(g) of the Credit Agreement is hereby amended to delete the reference to “December 15, 2009” appearing therein and to replace therefor a reference to “January 11, 2010”. 
 (b) Section 2.09(d) of the Credit Agreement is hereby amended to delete the references to “December 16,
2009” appearing therein and in each case to replace therefor a reference to “January 12, 2010”. 
 (c) Section 6.05(d) of the Credit Agreement is hereby restated in its entirety as follows: 
 (d) the consideration received in connection with any Non-Real Estate Asset Sale and involving an asset with a net book value in excess of $5,000 shall be equal to or greater than 100% of the net book
value of the asset subject to such Asset Sale; 

 (d) Section 6.07(c) of the Credit Agreement is hereby amended to
delete the reference to “December 16, 2009” appearing therein and to replace therefor a reference to “January 12, 2010”. 
 2. Conditions of Effectiveness. The effectiveness of this Amendment is subject to the conditions precedent that (a) the Administrative Agent shall have received (i) counterparts of this
Amendment duly executed by the Borrowers, the Supermajority Lenders and the Administrative Agent, (ii) the Consent and Reaffirmation attached hereto duly executed by the Subsidiary Guarantors, (iii) an amendment in respect of the Yellow
Receivables Facility in form and substance similar to this Amendment and reasonably satisfactory to the Administrative Agent and (iv) those documents and instruments as may be reasonably requested by the Administrative Agent and (b) the
Company shall have paid all previously invoiced, reasonable, out-of-pocket expenses of the Administrative Agent (including, to the extent invoiced, reasonable attorneys’ fees and expenses) in connection with this Amendment and the other Loan
Documents, in each case to the extent reimbursable under the terms of the Credit Agreement. 
 3.
Representations and Warranties of the Borrowers. Each Borrower hereby represents and warrants as follows as of the closing date of this Amendment: 
 (a) This Amendment and the Credit Agreement, as amended hereby, constitute legal, valid and binding obligations of such Borrower and are enforceable against such Borrower in accordance with their terms,
subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

 (b) As of the date hereof after giving effect to the terms of this Amendment, (i) no Default shall have
occurred and be continuing and (ii) the representations and warranties of the Borrowers set forth in the Credit Agreement, as amended hereby, are true and correct in all material respects on and as of the date hereof, except to the extent any
such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct in all material respects on and as of such earlier date. 
 4. Reference to and Effect on the Credit Agreement. 
 (a) Upon the effectiveness hereof, each reference to the Credit Agreement in the Credit Agreement or any other Loan Document
shall mean and be a reference to the Credit Agreement as amended hereby. 
 (b) Except as specifically amended
above, the Credit Agreement and all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed. 
 (c) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy
of the Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith. 
  

 2 

 5. Release. In further consideration of the execution by the
Administrative Agent and the Lenders of this Amendment, to the extent permitted by applicable law, the Company, on behalf of itself and each of its Subsidiaries, and all of the successors and assigns of each of the foregoing (collectively, the
“Releasors”), hereby completely, voluntarily, knowingly, and unconditionally releases and forever discharges the Collateral Agent, the Administrative Agent, each of the Lenders, each of their advisors, professionals and employees,
each affiliate of the foregoing and all of their respective permitted successors and assigns (collectively, the “Releasees”), from any and all claims, actions, suits, and other liabilities, including, without limitation, any
so-called “lender liability” claims or defenses (collectively, “Claims”), whether arising in law or in equity, which any of the Releasors ever had, now has or hereinafter can, shall or may have against any of the Releasees
for, upon or by reason of any matter, cause or thing whatsoever from time to time occurred on or prior to the date hereof, in any way concerning, relating to, or arising from (i) any of the Transactions, (ii) the Secured Obligations,
(iii) the Collateral, (iv) the Credit Agreement or any of the other Loan Documents, (v) the financial condition, business operations, business plans, prospects or creditworthiness of the Borrowers, and (vi) the negotiation,
documentation and execution of this Amendment and any documents relating hereto except for Claims determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence, bad faith or willful
misconduct of such Releasee (or any of its Related Parties). The Releasors hereby acknowledge that they have been advised by legal counsel of the meaning and consequences of this release. 
 6. Governing Law. This Amendment shall be construed in accordance with and governed by the law of the State of New
York. 
 7. Headings. Section headings in this Amendment are included herein for convenience of reference
only and shall not constitute a part of this Amendment for any other purpose. 
 8. Counterparts. This
Amendment may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Signatures delivered by facsimile or PDF
shall have the same force and effect as manual signatures delivered in person. 
 [Signature Pages Follow] 
  

 3 

 IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and
year first above written. 
  

			
	YRC WORLDWIDE INC., as the Company
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	REIMER EXPRESS LINES LTD./REIMER EXPRESS LTEE, as a Canadian Borrower
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	YRC LOGISTICS LIMITED, as a UK Borrower
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 Signature Page to Amendment No. 13 
 YRC Worldwide Inc. et al 
 Credit Agreement dated as of August
17, 2007 

			
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent, as a US Tranche Lender and as US Tranche Swingline Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, TORONTO BRANCH, as Canadian Agent, as a Canadian Tranche Lender and as Canadian Tranche Swingline Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	J.P. MORGAN EUROPE LIMITED, as UK Agent
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, LONDON BRANCH, as a UK Tranche Lender and as UK Tranche Swingline Lender
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 Signature Page to Amendment No. 13 
 YRC Worldwide Inc. et al 
 Credit Agreement dated as of August
17, 2007 

			
	BANK OF AMERICA, N.A., as a Syndication Agent and as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	BANK OF AMERICA, N.A. (CANADA BRANCH), as a Canadian Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	BANK OF AMERICA, N.A., as Successor by Merger to LASALLE BANK NATIONAL ASSOCIATION, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 Signature Page to Amendment No. 13 
 YRC Worldwide Inc. et al 
 Credit Agreement dated as of August
17, 2007 

			
	SUNTRUST BANK, as a Syndication Agent and as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	US BANK NATIONAL ASSOCIATION, as a Documentation Agent, as a US Tranche Lender and as a Canadian Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	WACHOVIA BANK, NATIONAL ASSOCIATION, as a Documentation Agent, as a US Tranche Lender and as a UK Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	BANK OF TOKYO-MITSUBISHI UFJ, LTD, as a Documentation Agent and as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	THE ROYAL BANK OF SCOTLAND plc, as a US Tranche Lender and as a UK Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 Signature Page to Amendment No. 13 
 YRC Worldwide Inc. et al 
 Credit Agreement dated as of August
17, 2007 

			
	 BMO CAPITAL MARKETS FINANCING, INC.,
 as a US Tranche Lender

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	BANK OF MONTREAL, as a Canadian Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	SUMITOMO MITSUI BANKING CORPORATION, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	UMB BANK, n.a., as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	TAIWAN BUSINESS BANK, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 Signature Page to Amendment No. 13 
 YRC Worldwide Inc. et al 
 Credit Agreement dated as of August
17, 2007 

			
	MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD., NEW YORK BRANCH, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	TAIPEI FUBON COMMERCIAL BANK CO., LTD., as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	HUA NAN COMMERCIAL BANK, LTD., LOS ANGELES BRANCH, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	HUA NAN COMMERCIAL BANK, LTD., NEW YORK AGENCY, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	BANK OF COMMUNICATIONS CO., LTD., NEW YORK BRANCH, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 Signature Page to Amendment No. 13 
 YRC Worldwide Inc. et al 
 Credit Agreement dated as of August
17, 2007 

			
	CHANG HWA COMMERCIAL BANK, LTD., NEW YORK BRANCH, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	FIRST COMMERCIAL BANK, LOS ANGELES BRANCH, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[LENDER - INSERT LEGAL NAME IN CAPS AND DELETE BRACKETS], as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 Signature Page to Amendment No. 13 
 YRC Worldwide Inc. et al 
 Credit Agreement dated as of August
17, 2007 

 EXECUTION COPY 
 AMENDMENT NO. 14 
 Dated as of December 21, 2009

 to 
 CREDIT AGREEMENT 
 Dated as of August 17, 2007 
 THIS AMENDMENT NO. 14 (“Amendment”) is made as of December 21, 2009 by and among YRC Worldwide Inc.
(the “Company”), the Canadian Borrower and the UK Borrower (together with the Company, the “Borrowers”), the financial institutions listed on the signature pages hereof and JPMorgan Chase Bank, National Association,
as Administrative Agent (the “Administrative Agent”), under that certain Credit Agreement dated as of August 17, 2007 by and among the Borrowers from time to time party thereto, the Lenders and the Administrative Agent (as
amended, amended and restated, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them
in the Credit Agreement. 
 WHEREAS, the Company has requested that the Lenders and the Administrative Agent
agree to certain amendments to the Credit Agreement; and 
 WHEREAS, the Lenders party hereto and the
Administrative Agent have agreed to such amendments on the terms and conditions set forth herein; 
 NOW,
THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrowers, the Lenders party hereto
and the Administrative Agent have agreed to enter into this Amendment. 
 1. Amendments to Credit
Agreement. Effective as of the date of satisfaction or waiver of the conditions precedent set forth in Section 2 below, the Credit Agreement is hereby amended as follows: 
 (a) The definition of “Aggregate Revolver Reserve Amount” appearing in Section 1.01 of the Credit
Agreement is hereby restated in its entirety as follows: 
 “Aggregate Revolver Reserve
Amount” means, as of any date of determination, an amount equal to the sum of (i) the Existing Revolver Reserve Amount (Performance) as of such date, (ii) the Existing Revolver Reserve Amount (Payroll) and (iii) the New
Revolver Reserve Amount as of such date. 
 (b) The definition of “Permitted Interim Loans” appearing
in Section 1.01 of the Credit Agreement is hereby restated in its entirety as follows: 
 “Permitted Interim Loans” means Revolving Loans made by the Lenders to the Company in US Dollars in respect of the Existing Revolver Reserve Amount (Payroll) all in accordance with the terms of Section 2.01(f) and
(g) and Section 4.02(h) (and subject to the sweep mechanics set forth in Section 2.12(k)). 

 (c) The definition of “Permitted 2010 Maturing Notes Repayment
Sources” appearing in Section 1.01 of the Credit Agreement is hereby restated in its entirety as follows: 
 “Permitted 2010 Maturing Notes Repayment Sources” means: 
 (a) the Net Cash Proceeds of the issuance of any common stock or other Equity Interests of the Company or the issuance of common stock or other Equity Interests of the Company; and 
 (b) the Net Cash Proceeds of the incurrence of any unsecured Indebtedness permitted hereby. 
 (d) The definition of “Recapitalization Transaction” appearing in Section 1.01 of the Credit Agreement
is hereby restated in its entirety as follows: 
 “Recapitalization Transaction”
means that (x) (i) no less than 70% (or such other percentage as is consented to by the Supermajority Lenders) of the aggregate principal amount of the USF Bonds and (ii) no less than 85% (or such other percentage as is consented to
by the Supermajority Lenders) of the aggregate total principal amount of the 5% Contingent Convertible Senior Notes and the 3.375% Contingent Convertible Senior Notes shall have converted to capital stock of the Company on terms and conditions
reasonably acceptable to the Administrative Agent and (y) to the extent required, the requisite number of shareholders of the Company shall have consented to the equity issuance and other actions required to consummate the conversion described
in the foregoing clause (x). 
 (e) Section 1.01 of the Credit Agreement is hereby amended to insert
the following new definitions therein the appropriate alphabetical order as follows: 
 “Amendment No. 14 Effective Date” means December 21, 2009. 
 “Existing Block Loans (Performance)” means Revolving Loans made by the Lenders to the Company in respect of the Existing Revolver Reserve Amount (Performance) all in accordance with the terms of Section 2.01(f) and
Section 4.02(d). 
 “Existing Revolver Reserve Amount (Payroll)” means the
amount of Revolving Commitments which are available to the Company subject to the satisfaction or waiver of the conditions precedent set forth in Section 4.02(h), as such amount may be reduced from time to time pursuant to the terms hereof. As
of the Amendment No. 14 Effective Date, the Existing Revolver Reserve Amount (Payroll) is $50,000,000, and the Existing Revolver Reserve Amount (Payroll) shall not exceed such amount. 
 “Existing Revolver Reserve Amount (Performance)” means the amount of Revolving Commitments
which are available to the Company subject to the satisfaction or waiver of the conditions precedent set forth in Section 4.02(d), as such amount may be reduced from time to time pursuant to the terms hereof. As of the Amendment No. 14
Effective Date, the Existing Revolver Reserve Amount (Performance) is $56,000,000, and the Existing Revolver Reserve Amount (Performance) shall not exceed such amount. 
  

 12 

 (f) Section 1.01 of the Credit Agreement is hereby amended to
delete each of the following definitions therefrom: “Existing Block Loans” and “Existing Revolver Reserve Amount”. 
 (g) Section 2.01(f) of the Credit Agreement is hereby restated in its entirety as follows: 
 (f) Notwithstanding anything to the contrary set forth in this Section 2.01, (i) there shall be no obligation of any Lender to make any Existing Block Loans (Performance)
or issue any Letters of Credit in respect of the Existing Revolver Reserve Amount (Performance) unless the conditions specified in Section 4.02(d) shall have been satisfied or waived as of the date of the making of such Loans or the issuance of
such Letters of Credit, (ii) there shall be no obligation of any Lender to make any Permitted Interim Loans in respect of the Existing Revolver Reserve Amount (Payroll) unless the conditions specified in Section 4.02(h) shall have been
satisfied or waived as of the date of the making of such Loans and (iii) there shall be no obligation of any Lender to make any New Block Loans or issue any Letters of Credit in respect of New Revolver Reserve Amount unless the conditions
specified in Section 4.02(e) shall have been satisfied or waived as of the date of the making of such Loans or the issuance of such Letters of Credit. Further, (i) no Existing Block Loan (Performance) shall be advanced or Letter of Credit
issued in respect of the Existing Revolver Reserve Amount (Performance) by the Lenders if the aggregate principal amount of Existing Block Loans (Performance) plus Letters of Credit in respect of the Existing Revolver Reserve Amount (Performance)
then outstanding would exceed the Existing Revolver Reserve Amount (Performance) at such time, (ii) no Permitted Interim Loan shall be advanced in respect of the Existing Revolver Reserve Amount (Payroll) by the Lenders if the aggregate
principal amount of Permitted Interim Loans in respect of the Existing Revolver Reserve Amount (Payroll) then outstanding would exceed the Existing Revolver Reserve Amount (Payroll) at such time and (iii) no New Block Loan shall be advanced or
Letter of Credit issued in respect of New Revolver Reserve Amount by the Lenders if the aggregate principal amount of New Block Loans plus Letters of Credit issued in respect of the New Revolver Reserve Amount then outstanding would exceed the New
Revolver Reserve Amount at such time. 
 (h) Section 2.01(g) of the Credit Agreement is hereby
amended (i) to delete the reference to “January 11, 2010” appearing therein and to replace therefor a reference to “December 31, 2011” and (ii) to delete the reference to “Existing Revolver Reserve Amount”
appearing therein and to replace therefor a reference to “Aggregate Revolver Reserve Amount”. 
 (i)
Section 2.02(c) of the Credit Agreement is hereby amended to delete the reference to “(other than Acceptances and Borrowings in respect of the Existing Revolver Reserve Amount and in respect of the New Revolver Reserve Amount)”
appearing therein and to replace therefor a reference to “(other than Acceptances and Borrowings in respect of the Existing Revolver Reserve Amount (Payroll), in respect of the Existing Revolver Reserve Amount (Performance) and in respect of
the New Revolver Reserve Amount)”. 
 (j) Section 2.02(e) of the Credit Agreement is hereby
amended (i) to delete each reference to “Existing Revolver Reserve Amount” appearing therein and to replace therefor a reference to “Existing Revolver Reserve Amount (Performance)” in each case and (ii) to delete the
reference to “Existing Block Loans” appearing therein and to replace therefor a reference to “Existing Block Loans (Performance)”. 
 (k) Section 2.03 of the Credit Agreement is hereby amended to delete the reference to “Existing Block Loan” appearing in the last sentence thereof and to replace therefor a reference
to “Existing Block Loan (Performance)”. 
  

 13 

 (l) Section 2.06 of the Credit Agreement is hereby amended to
delete the reference to “Existing Revolver Reserve Amount” appearing therein and to replace therefor a reference to “Existing Revolver Reserve Amount (Performance)”. 
 (m) Section 2.12(a) of the Credit Agreement is hereby amended to restate the last sentence thereof in its
entirety as follows: 
 Any voluntary prepayment of Revolving Loans shall be made in the
following order: first, to Permitted Interim Loans, second, to New Block Loans, if any, third, to Existing Block Loans (Performance), if any, and fourth, to Revolving Loans outstanding which are not New Block Loans or
Existing Block Loans (Performance) or Permitted Interim Loans (in each case without a corresponding permanent reduction of the Revolving Commitments at such time unless otherwise specified herein). 
 (n) Section 2.12(e) of the Credit Agreement is hereby amended to restate clauses (iii) and
(iv) thereof as well as the final sentence of such Section in their entirety as follows: 
 (iii) third, prepay Existing Block Loans (Performance) (or cash collateralize Letters of Credit issued in respect of the Existing Revolver Reserve Amount (Performance)) which are outstanding, if any (with a concurrent permanent
reduction of the Existing Revolver Reserve Amount (Performance), and the New Revolver Reserve Amount shall be increased by the amount of such prepayment (or cash collateralization) at such time), and 
 (iv) fourth, prepay Revolving Loans which are not New Block Loans or Existing Block Loans
(Performance) or Permitted Interim Loans (or cash collateralize Letters of Credit which were not issued in respect of the New Revolver Reserve Amount or in respect of the Existing Revolver Reserve Amount (Performance)) which are outstanding, if any
(with the amount of Revolving Commitments available under such unblocked portion of the facility being decreased and the New Revolver Reserve Amount being increased in like amount). 
 For the avoidance of doubt, the Applicable Company Percentage of such Net Cash Proceeds referred to in this
clause (e) shall not be retained by the Company, but shall instead be used to prepay (without a corresponding commitment reduction) Revolving Loans which are not New Block Loans or Existing Block Loans (Performance) or Permitted Interim Loans
(or cash collateralize Letters of Credit which were not issued in respect of the New Revolver Reserve Amount or in respect of the Existing Revolver Reserve Amount) which are outstanding at such time. 
 (o) Section 2.12(f) of the Credit Agreement is hereby amended to restate clauses (iii) and
(iv) thereof in their entirety as follows: 
 (iii) third, prepay Existing Block
Loans (Performance) (or cash collateralize Letters of Credit issued in respect of the Existing Revolver Reserve Amount (Performance)) which are outstanding, if any (with a concurrent permanent reduction of the Existing Revolver Reserve Amount
(Performance), and the New Revolver Reserve Amount shall be increased by the amount of such prepayment (or cash collateralization) at such time), and 
 (iv) fourth, prepay Revolving Loans which are not New Block Loans or Existing Block Loans (Performance) or Permitted Interim Loans (or cash collateralize Letters of Credit
which were not issued in respect of the New Revolver Reserve Amount or in respect of the Existing Revolver Reserve Amount (Performance)) which are outstanding, if any (with the amount of Revolving Commitments available under such unblocked portion
of the facility being decreased and the New Revolver Reserve Amount being increased in like amount). 
  

 14 

 (p) Section 2.12(h) of the Credit Agreement is hereby amended to
restate the last sentence thereof in its entirety as follows: 
 Any such prepayment of Revolving
Loans shall be made in the following order: first, to Permitted Interim Loans, if any, second, to New Block Loans, if any, third, to Existing Block Loans (Performance), if any, and fourth, to Revolving Loans outstanding
which are not New Block Loans or Existing Block Loans (Performance) or Permitted Interim Loans (in each case without a corresponding permanent reduction of the Revolving Commitments at such time). 
 (q) Section 2.12(i) of the Credit Agreement is hereby restated in its entirety as follows: 
 (i) Notwithstanding anything to the contrary set forth in this Section 2.12, upon the consummation of
the Permitted Disposition, the Company shall make a prepayment in an amount equal to 100% of the Net Cash Proceeds therefrom first to prepay the outstanding Permitted Interim Loans, if any, second, the outstanding Existing Block Loans
(Performance), if any, and third to prepay Revolving Loans which are not New Block Loans or Existing Block Loans (Performance) or Permitted Interim Loans (or cash collateralize Letters of Credit which were not issued in respect of the New
Revolver Reserve Amount or in respect of the Existing Revolver Reserve Amount (Performance) which are outstanding, if any (with the amount of Revolving Commitments available under such unblocked portion of the facility being decreased in like
amount), and the New Revolver Reserve Amount shall be increased by an amount equal to such prepayments at such time. 
 (r) Section 2.12(l) of the Credit Agreement is hereby amended to restate clause (ii) thereof in its entirety as follows: 
 (ii) other than as a result of the events described in the foregoing clause (i), then, subject to the proviso below, (x) the Revolving Commitments shall be permanently reduced
(first reducing the New Revolver Reserve Amount and then the Existing Revolver Reserve Amount (Performance) and then the Existing Revolver Reserve Amount (Payroll)) by an amount equal to such excess without any repayment in cash by the Company
(unless any such reduction of the Revolving Commitments requires a concurrent repayment of Revolving Loans) and (y) thereafter, if the New Revolver Reserve Amount and the Existing Revolver Reserve Amount (Performance) and the Existing Revolver
Reserve Amount (Payroll) all equal $0, then the Company shall make a prepayment of the Obligations in an amount equal to such Liquidity Excess Amount for application by the Administrative Agent in accordance with the provisions of
Section 2.19(f); 
 (s) Section 2.19(f) of the Credit Agreement is hereby amended (i) to
delete the reference to “Existing Revolver Reserve Amount” appearing therein and to replace therefor a reference to “Existing Revolver Reserve Amount (Performance)” and (ii) to delete each reference to “Existing Block
Loans” appearing therein and to replace therefor a reference to “Existing Block Loans (Performance)” in each case. 
  

 15 

 (t) Section 4.02(d) of the Credit Agreement is hereby restated
in its entirety as follows: 
 (d) To the extent that the Company has requested a Borrowing or the issuance of a
Letter of Credit which would utilize all or any portion of the Existing Revolver Reserve Amount (Performance), the following further conditions precedent must be satisfied (or waived by the Supermajority Lenders): 
 (i) the Amendment No. 12 Effective Date and the Amendment No. 14 Effective Date shall have
occurred; 
 (ii) no unused Revolving Commitments exist (other than in respect of the Existing
Revolver Reserve Amount (Performance), the Existing Revolver Reserve Amount (Payroll) and the New Revolver Reserve Amount) and there are no amounts available for drawing under the Yellow Receivables Facility as of such date; 
 (iii) after giving effect to such request Unrestricted Cash shall be less than or equal to $125,000,000 (or,
to the extent that any Permitted Interim Loans are outstanding as of the date of such request, $100,000,000); and 
 (iv) either (x) subject to the proviso immediately following this clause (iv) (1) Weekly Operating EBITDA set forth on the most recent Weekly Operating EBITDA Report required to be
delivered pursuant to Section 5.01A(a) shall be equal to or greater than the amount set forth opposite the relevant date on Part 1 of Schedule 4.02(d) attached hereto (such compliance to be demonstrated and certified to by a Financial
Officer of the Company to the Administrative Agent as of the date of any such Borrowing Request in a form reasonably acceptable to the Administrative Agent), (2) the SG&A (Monthly) set forth on the most recent SG&A (Monthly) Expense
Report required to be delivered pursuant to Section 5.01(n) shall be less than the amount set forth opposite the relevant date on Part 2 of Schedule 4.02(d) attached hereto (such compliance to be demonstrated and certified to by a
Financial Officer of the Company to the Administrative Agent as of the date of any such Borrowing Request in a form reasonably acceptable to the Administrative Agent), (3) the Recapitalization Transaction shall have been consummated and
(4) the Specified Pension Fund Deferral Transaction Amendment shall be fully executed and effective or (y) the Supermajority Lenders shall have consented to the Borrowing or issuance of a Letter of Credit with respect to such Existing
Revolver Reserve Amount (Performance) by the Company; 
 provided that, if at any time, the Adjusted
Weekly Operating EBITDA set forth in the Adjusted Weekly Operating EBITDA Report required to be delivered pursuant to Section 5.01A(b) is less than (x) the amount set forth opposite the relevant date on Part 1 of Schedule 4.02(d)
attached hereto minus (y) $5,000,000, and the Lenders made any Loans or any Issuing Bank issued a Letter of Credit to the Company which utilized all or any portion of the Existing Revolver Reserve Amount (Performance) in reliance on the
Company having satisfied the conditions set forth in Section 4.02(d)(iv)(x) above, then, from and after the date of delivery of the Adjusted Weekly Operating EBITDA Report reflecting any such deficit, the Company may not request any Loans or
the issuance of any Letter of Credit (and the Lenders shall be under no obligation to so lend and the Issuing Banks shall be under no obligation to so issue) which would utilize any all or any portion of the Existing Revolver Reserve Amount
(Performance) regardless of whether the Company has satisfied the conditions set forth in Section 4.02(d)(iv)(x) above unless and until the Supermajority Lenders have consented to the Company being permitted to once again gain access to such
Loans or Letters of Credit by satisfying such conditions. 
  

 16 

 (u) Section 4.02(e) of the Credit Agreement is hereby restated
in its entirety as follows: 
 (e) To the extent that the Company has requested a Borrowing or
the issuance of a Letter of Credit which would utilize all or any portion of the New Revolver Reserve Amount, the following further conditions precedent must be satisfied (or waived by the Supermajority Lenders): 
 (i) the Amendment No. 12 Effective Date shall have occurred; 
 (ii) no unused Revolving Commitments exist (other than in respect of the New Revolver Reserve Amount and the
Existing Revolver Reserve Amount (Payroll)) and there are no amounts available for drawing under the Yellow Receivables Facility as of such date; 
 (iii) after giving effect to such request Unrestricted Cash shall be less than or equal to $125,000,000 (or, to the extent that any Permitted Interim Loans are outstanding as of the
date of such request, $100,000,000); 
 (iv) the Recapitalization Transaction shall have been
consummated; 
 (v) the Specified Pension Fund Deferral Transaction Amendment shall be fully
executed and effective; 
 (vi) the Cash Settlement Amount of the aggregate outstanding amount of
the USF Bonds is equal to $0; 
 (vii) the Cash Settlement Amount of the aggregate outstanding
amount of the 5% Contingent Convertible Senior Notes which retain a put right which enables the holders thereof to put their notes to the Company or any of its Subsidiaries prior to February 18, 2013 is equal to $0; and 
 (viii) the Supermajority Lenders shall have consented to the Borrowing or issuance of a Letter of Credit with
respect to such New Revolver Reserve Amount by the Company. 
 (v) Section 4.02(h) of the Credit
Agreement is hereby restated in its entirety as follows: 
 (h) To the extent that the Company
has requested a Borrowing which would utilize all or any portion of the Existing Revolver Reserve Amount (Payroll), (i) the Administrative Agent shall have received evidence reasonably satisfactory to it that as of such date (x) there is
no unused availability under the Revolving Commitments other than amounts comprising the Aggregate Revolver Reserve Amount and (y) there are no amounts available for drawing under the Yellow Receivables Facility as of such date and
(ii) the Company shall have delivered to the Administrative Agent a Borrowing Request substantially in the form of Exhibit F hereto (which Borrowing Request shall include a certification by a Financial Officer and the Designated Officer
certifying the Interim Loan Availability as of the Business Day immediately prior to the date of such Borrowing Request and calculations reasonably demonstrating the Interim Loan Availability); provided that, unless the Company has delivered to
AlixPartners LLP a contingency and status plan in form and substance reasonably acceptable to AlixPartners LLP and such contingency and status plan shall have been approved in writing by the Designated Officer prior to such date, no Permitted
Interim Loans shall be available on or after January 12, 2010 (or such later date as may be agreed to by the Required Lenders) until the date on which the Company has delivered such a plan in form and substance reasonably acceptable to
AlixPartners LLP. 
  

 17 

 (w) Section 5.01A(a) of the Credit Agreement is hereby restated
in its entirety as follows: 
 (a) on or prior to the third (3rd) Business Day of each
calendar week, a report (in the form delivered to the Administrative Agent on October 22, 2009) setting forth the calculation of Weekly Operating EBITDA for the four calendar week period ending on the second preceding Saturday (including,
without limitation, a reasonably detailed description of the assumptions used in connection with the preparation of such report), all in form and detail reasonably acceptable to the Administrative Agent (the “Weekly Operating EBITDA
Report”); and 
 (x) Section 6.05(b) of the Credit Agreement is hereby restated in its
entirety as follows: 
 (b) the consideration received in connection with any Real Estate Asset
Sale pursuant to a Sale and Leaseback Transaction (other than the Specified Sale and Leaseback Transaction) shall be equal to or greater than 45% of the appraised value (using an appraisal reasonably acceptable to the Administrative Agent) or,
solely to the extent that an acceptable appraisal does not exist, 100% of the net book value of the asset subject to such Asset Sale; provided that, on and after the Amendment No. 12 Effective Date, neither the Company nor any of its
Subsidiaries may consummate any Sale and Leaseback Transaction, other than those set forth on Schedule 6.05A so long as the Net Cash Proceeds received in respect of each property listed thereon in connection with the relevant Real Estate
Asset Sale is equal to or greater than the “Minimum Cash Proceeds” in respect of such property set forth in materials describing the Sale and Leaseback Transactions set forth on Schedule 6.05A delivered to the Lenders on
December 18, 2009, unless the Required Lenders have consented in advance to such Sale and Leaseback Transaction; 
 (y) Section 6.07(c) of the Credit Agreement is hereby restated in its entirety as follows: 
 (c) Minimum Cash. (i) From and after April 1, 2010 through and including September 30, 2010, the Company will maintain Available Cash equal to or greater than $25,000,000 and
(ii) from and after October 1, 2010, the Company will maintain Available Cash equal to or greater than $50,000,000 at all times. 
 (z) Section 6.07(d) of the Credit Agreement is hereby amended to restate the table set forth therein in its entirety as follows: 
  

				
	 Period
	  	Minimum
Consolidated
EBITDA
	 For the fiscal quarter ending on June 30, 2010
	  	$	31,500,000
	 For the two consecutive fiscal quarters ending September 30, 2010
	  	$	107,000,000
	 For the three consecutive fiscal quarters ending December 31, 2010
	  	$	173,000,000
	 For the four consecutive fiscal quarters ending March 31, 2011
	  	$	270,000,000
	 For the four consecutive fiscal quarters ending June 30, 2011
	  	$	270,000,000
	 For the four consecutive fiscal quarters ending September 30, 2011
	  	$	280,000,000
	 For the four consecutive fiscal quarters ending December 31, 2011
	  	$	270,000,000
	 For the four consecutive fiscal quarters ending March 31, 2012
	  	$	300,000,000
	 For the four consecutive fiscal quarters ending June 30, 2012
	  	$	330,000,000

  

 18 

 (aa) Schedule 6.05A to the Credit Agreement is restated in its
entirety as set forth on Annex A attached hereto. 
 2. Conditions of Effectiveness. The
effectiveness of this Amendment is subject to the conditions precedent that (a) the Administrative Agent shall have received (i) counterparts of this Amendment duly executed by the Borrowers, the Supermajority Lenders and the
Administrative Agent, (ii) the Consent and Reaffirmation attached hereto duly executed by the Subsidiary Guarantors, (iii) an amendment in respect of the Yellow Receivables Facility in form and substance similar to this Amendment and
reasonably satisfactory to the Administrative Agent, (iv) the Teamsters National Freight Industry Negotiating Committee of the International Brotherhood of Teamsters shall have confirmed that this Amendment (as well as the consummation of the
Recapitalization Transaction at the thresholds described in this Amendment) is acceptable, (v) the requisite funds under the Specified Pension Fund Deferral Transaction Documents have consented to the consummation of the Recapitalization
Transaction at the thresholds described in this Amendment and (vi) those documents and instruments as may be reasonably requested by the Administrative Agent and (b) the Company shall have paid all previously invoiced, reasonable,
out-of-pocket expenses of the Administrative Agent (including, to the extent invoiced, reasonable attorneys’ fees and expenses) in connection with this Amendment and the other Loan Documents, in each case to the extent reimbursable under the
terms of the Credit Agreement. 
 3. Representations and Warranties of the Borrowers. Each Borrower
hereby represents and warrants as follows as of the closing date of this Amendment: 
 (a) This Amendment and
the Credit Agreement, as amended hereby, constitute legal, valid and binding obligations of such Borrower and are enforceable against such Borrower in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 
 (b) As of the date hereof after giving effect to the terms of this Amendment, (i) no Default shall have occurred and be
continuing and (ii) the representations and warranties of the Borrowers set forth in the Credit Agreement, as amended hereby, are true and correct in all material respects on and as of the date hereof, except to the extent any such
representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct in all material respects on and as of such earlier date. 
 4. Reference to and Effect on the Credit Agreement. 
 (a) Upon the effectiveness hereof, each reference to the Credit Agreement in the Credit Agreement or any other Loan Document
shall mean and be a reference to the Credit Agreement as amended hereby. 
  

 19 

 (b) Except as specifically amended above, the Credit Agreement and all other
documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed. 
 (c) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute
a waiver of any provision of the Credit Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith. 
 5. Release. In further consideration of the execution by the Administrative Agent and the Lenders of this Amendment, to the extent permitted by applicable law, the Company, on behalf of itself and
each of its Subsidiaries, and all of the successors and assigns of each of the foregoing (collectively, the “Releasors”), hereby completely, voluntarily, knowingly, and unconditionally releases and forever discharges the Collateral
Agent, the Administrative Agent, each of the Lenders, each of their advisors, professionals and employees, each affiliate of the foregoing and all of their respective permitted successors and assigns (collectively, the “Releasees”),
from any and all claims, actions, suits, and other liabilities, including, without limitation, any so-called “lender liability” claims or defenses (collectively, “Claims”), whether arising in law or in equity, which any of
the Releasors ever had, now has or hereinafter can, shall or may have against any of the Releasees for, upon or by reason of any matter, cause or thing whatsoever from time to time occurred on or prior to the date hereof, in any way concerning,
relating to, or arising from (i) any of the Transactions, (ii) the Secured Obligations, (iii) the Collateral, (iv) the Credit Agreement or any of the other Loan Documents, (v) the financial condition, business operations,
business plans, prospects or creditworthiness of the Borrowers, and (vi) the negotiation, documentation and execution of this Amendment and any documents relating hereto except for Claims determined by a court of competent jurisdiction by final
and nonappealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Releasee (or any of its Related Parties). The Releasors hereby acknowledge that they have been advised by legal counsel of the meaning and
consequences of this release. 
 6. Governing Law. This Amendment shall be construed in accordance with
and governed by the law of the State of New York. 
 7. Headings. Section headings in this Amendment are
included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose. 
 8. Counterparts. This Amendment may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to
constitute one and the same instrument. Signatures delivered by facsimile or PDF shall have the same force and effect as manual signatures delivered in person. 
 [Signature Pages Follow] 
  

 20 

 IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and
year first above written. 
  

			
	YRC WORLDWIDE INC., as the Company
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	REIMER EXPRESS LINES LTD./REIMER EXPRESS LTEE, as a Canadian Borrower
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	YRC LOGISTICS LIMITED, as a UK Borrower
		
	By:	 	  

	Name:	 	
	Title:	 	

			
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent, as a US Tranche Lender and as US Tranche Swingline Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, TORONTO BRANCH, as Canadian Agent, as a Canadian Tranche Lender and as Canadian Tranche Swingline Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	J.P. MORGAN EUROPE LIMITED, as UK Agent
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, LONDON BRANCH, as a UK Tranche Lender and as UK Tranche Swingline Lender
		
	By:	 	  

	Name:	 	
	Title:	 	

			
	BANK OF AMERICA, N.A., as a Syndication Agent and as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	BANK OF AMERICA, N.A. (CANADA BRANCH), as a Canadian Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	BANK OF AMERICA, N.A., as Successor by Merger to LASALLE BANK NATIONAL ASSOCIATION, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	

			
	SUNTRUST BANK, as a Syndication Agent and as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	US BANK NATIONAL ASSOCIATION, as a Documentation Agent, as a US Tranche Lender and as a Canadian Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	WACHOVIA BANK, NATIONAL ASSOCIATION, as a Documentation Agent, as a US Tranche Lender and as a UK Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	BANK OF TOKYO-MITSUBISHI UFJ, LTD, as a Documentation Agent and as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	THE ROYAL BANK OF SCOTLAND plc, as a US Tranche Lender and as a UK Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	

			
	BMO CAPITAL MARKETS FINANCING, INC., as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	BANK OF MONTREAL, as a Canadian Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	SUMITOMO MITSUI BANKING CORPORATION, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	UMB BANK, n.a., as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	TAIWAN BUSINESS BANK, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD., NEW YORK BRANCH, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	

			
	TAIPEI FUBON COMMERCIAL BANK CO., LTD., as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	HUA NAN COMMERCIAL BANK, LTD., LOS ANGELES BRANCH, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	HUA NAN COMMERCIAL BANK, LTD., NEW YORK AGENCY, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	BANK OF COMMUNICATIONS CO., LTD., NEW YORK BRANCH, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	CHANG HWA COMMERCIAL BANK, LTD., NEW YORK BRANCH, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	

			
	FIRST COMMERCIAL BANK, LOS ANGELES BRANCH, as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[LENDER - INSERT LEGAL NAME IN CAPS AND DELETE BRACKETS], as a US Tranche Lender
		
	By:	 	  

	Name:	 	
	Title:

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