Document:

exv10w2

Exhibit 10.2

 

    REGISTRATION
    RIGHTS AGREEMENT

 

    This Registration Rights Agreement (this “Agreement” )
    is made and entered into as of December 22, 2009, by and among
    Saia, Inc., a Delaware corporation (the “Company”),
    and the investors signatory hereto (each a “Investor”
    and collectively, the “Investors” ).

 

    The Company and the Investors are parties to the Share Purchase
    Agreement dated December 22, 2009 (the “Purchase
    Agreement”), which provides for the sale by the Company to
    the Investors of 2,310,000 shares of the Company’s
    common stock, par value $0.001 per share (“Common
    Stock”). As an inducement to the Investors to enter into
    the Purchase Agreement, the Company has agreed to provide to the
    Investors the registration rights set forth in this Agreement.

 

    The Company and the Investors hereby agree as follows:

 

    1. Definitions.  Capitalized terms
    used and not otherwise defined herein that are defined in the
    Purchase Agreement will have the meanings given such terms in
    the Purchase Agreement. As used in this Agreement, the following
    terms have the respective meanings set forth in this
    Section 1:

 

    “Advice” has the meaning set forth in
    Section 6(c).

 

    “Affiliate” means, with respect to any person,
    any other person which directly or indirectly controls, is
    controlled by, or is under common control with, such person.

 

    “Commission” means the U.S. Securities and
    Exchange Commission.

 

    “Common Stock” has the meaning set forth in the
    premable.

 

    “Company” has the meaning set forth in the
    preamble and shall also include the Company’s successors.

 

    “Effective Date” means, as to the Registration
    Statement, the date on which such Registration Statement is
    first declared effective by the Commission.

 

    “Effectiveness Date” means the
    60th

    calendar day following the Closing Date; provided, that,
    if the Commission reviews and has written comments to the filed
    Registration Statement that would require the filing of a
    pre-effective amendment thereto with the Commission, then the
    Effectiveness Date under this clause shall be the earlier of
    (i) as promptly as practicable based on the reasonable best
    efforts by the Company and in no event later than the 120th
    calendar day following the Closing Date, and (ii) the fifth
    Trading Day following the date on which the Company is notified
    by the Commission that the Registration Statement will not be
    reviewed or is no longer subject to further review and comments.

 

    “Effectiveness Period” has the meaning set
    forth in Section 2(a).

 

    “Exchange Act” means the Securities Exchange
    Act of 1934, as amended.

 

    “Event” has the meaning set forth in
    Section 2(b).

 

    “Event Date” has the meaning set forth in
    Section 2(b).

 

    “Filing Date” means the
    30th

    calendar day following the Closing Date.

 

    “Holder” or “Holders” means
    the holder or holders, as the case may be, from time to time of
    Registrable Securities.

 

    “Losses” has the meaning set forth in
    Section 5(a).

 

    “New York Courts” means the state and federal
    courts sitting in the City of New York, Borough of Manhattan.

 

    “Person” means an individual, a limited
    liability company, a partnership, a joint venture, a
    corporation, a trust, an unincorporated organization, a
    government or any department or agency thereof, or other entity
    of any kind.

    

    1

 

    “Proceeding” means an action, claim, suit,
    investigation or proceeding (including, without limitation, an
    investigation or partial proceeding, such as a deposition),
    whether commenced or threatened.

 

    “Prospectus” means the prospectus included in
    the Registration Statement (including, without limitation, a
    prospectus that includes any information previously omitted from
    a prospectus filed as part of an effective registration
    statement in reliance upon Rule 430A promulgated under the
    Securities Act), as amended or supplemented by any prospectus
    supplement, with respect to the terms of the offering of any
    portion of the Registrable Securities covered by the
    Registration Statement, and all other amendments and supplements
    to the Prospectus, including post-effective amendments, and all
    material incorporated by reference or deemed to be incorporated
    by reference in such Prospectus.

 

    “Purchase Agreement” has the meaning set forth
    in the preamble.

 

    “Registrable Securities” means the Shares and
    any shares of Common Stock issued with respect to the Shares as
    a result of any stock split, dividend or other distribution,
    recapitalization or similar event.

 

    “Registration Actions” has the meaning set
    forth in Section 2(c).

 

    “Registration Statement” means the registration
    statement required to be filed in accordance with
    Section 2(a), including the Prospectus, amendments and
    supplements to such registration statement or Prospectus,
    including pre- and post-effective amendments, all exhibits
    thereto, and all material incorporated by reference or deemed to
    be incorporated by reference therein.

 

    “Rule 144” means Rule 144 promulgated
    by the Commission pursuant to the Securities Act, as such Rule
    may be amended from time to time, or any similar rule or
    regulation hereafter adopted by the Commission having
    substantially the same effect as such Rule.

 

    “Rule 415” means Rule 415 promulgated
    by the Commission pursuant to the Securities Act, as such Rule
    may be amended from time to time, or any similar rule or
    regulation hereafter adopted by the Commission having
    substantially the same effect as such Rule.

 

    “Rule 424” means Rule 424 promulgated
    by the Commission pursuant to the Securities Act, as such Rule
    may be amended from time to time, or any similar rule or
    regulation hereafter adopted by the Commission having
    substantially the same effect as such Rule.

 

    “Securities Act” means the Securities Act of
    1933, as amended.

 

    “Selling Holder Questionnaire” has the meaning
    set forth in Section 2(d).

 

    “Shares” means the shares of Common Stock
    issued or issuable to the Investors pursuant to the Purchase
    Agreement.

 

    “Suspension Notice” has the meaning set forth
    in Section 2(c).

 

    “Suspension Period” has the meaning set forth
    in Section 2(c).

 

    2. Registration.

 

    (a) On or prior to the Filing Date, the Company shall
    prepare and file with the Commission a Registration Statement
    covering the resale of all Registrable Securities not already
    covered by an existing and effective registration statement for
    an offering to be made on a continuous basis pursuant to
    Rule 415, on
    Form S-3
    (or on such other form appropriate for such purpose). Such
    Registration Statement shall contain (except if otherwise
    required pursuant to written comments received from the
    Commission upon a review of such Registration Statement) the
    “Selling Stockholders” and “Plan of
    Distribution” sections substantially in the form attached
    hereto as Annex A. The Company shall use
    commercially reasonable efforts to have the Registration
    Statement declared effective by the Commission as soon as
    practicable, but in no event later than the Effectiveness Date,
    and shall use its commercially reasonable efforts to keep the
    Registration Statement continuously effective pursuant to
    Rule 415 at all times until the earlier of (i) the
    date on which all Registrable Securities covered by the
    Registration Statement as amended from time to time, have been
    sold, (ii) the date on which all Registrable Securities
    covered by the Registration Statement (other than with respect
    to Registrable

    

    2

 

    Securities owned by Affiliates of the Company) may be sold
    pursuant to Rule 144 without being subject to any public
    information or volume limitation or (iii) one (1) year
    from the date of the Purchase Agreement (the “Effectiveness
    Period”), in each case plus the number of days equal to the
    number of days of the Suspension Period during the Effectiveness
    Period, if any. By 5:00 p.m. (New York City time) on the
    Trading Day immediately following the Effective Date, the
    Company shall file with the Commission in accordance with
    Rule 424 under the Securities Act the final Prospectus to
    be used in connection with sales pursuant to such Registration
    Statement (whether or not such filing is technically required
    under such Rule).

 

    (b) If: (i) the Registration Statement is not filed on
    or prior to the Filing Date, (ii) the Registration
    Statement is not declared effective by the Commission on or
    prior to the required Effectiveness Date or (iii) after its
    Effective Date, the Registration Statement ceases for any reason
    to be effective and available to the Holders as to all
    Registrable Securities to which it is required to cover at any
    time prior to the expiration of its Effectiveness Period for
    more than an aggregate of 30 Trading Days during any
    12-month
    period (which need not be consecutive) (other than during a
    Suspension Period (as defined in Section 2(c) below) (any
    such failure or breach being referred to as an
    “Event,” and for purposes of clauses (i) or
    (ii) the date on which such Event occurs, or for purposes
    of clause (iii) the date which such 30 Trading Day-period
    is exceeded, being referred to as “Event Date”), then
    in addition to any other rights the Holders may have hereunder
    or under applicable law: on the last day of each
    30-day
    period after each such Event Date (if the applicable Event shall
    not have been cured by such date) until the applicable Event is
    cured, the Company shall pay to each Holder an amount in cash,
    as partial liquidated damages and not as a penalty, equal to one
    percent (1.0%) of the aggregate purchase price paid by such
    Holder for Shares pursuant to the Purchase Agreement. The
    parties agree that (1) in no event will the Company be
    liable for liquidated damages under this Agreement in excess of
    one percent (1.0%) of the aggregate purchase price paid by such
    Holder for Shares pursuant to the Purchase Agreement in any
    30-day
    period, and (2) the maximum aggregate liquidated damages
    payable to a Holder under this Agreement shall be six percent
    (6%) of the aggregate purchase price paid by such Holder for
    Shares pursuant to the Purchase Agreement. The partial
    liquidated damages pursuant to the terms hereof shall apply on a
    daily pro-rata basis for any portion of each
    30-day
    period prior to the cure of an Event, and shall cease to accrue
    (unless earlier cured) upon the expiration of the Effectiveness
    Period.

 

    (c) Subject to the limitation set forth in the next
    succeeding paragraph, the Company shall be entitled to delay the
    Filing Date of the Registration Statement, suspend its
    obligation to file any amendment to the Registration Statement,
    furnish any supplement or amendment to a prospectus included in
    the Registration Statement, make any other filing with the
    Commission that would be incorporated by reference into the
    Registration Statement, cause the Registration Statement to be
    declared or remain effective or take any similar action
    (collectively, “Registration Actions”) if there is a
    possible acquisition or business combination or other
    transaction, business development or event involving the Company
    and its subsidiary that may require disclosure in the
    Registration Statement and the Company determines in the
    exercise of its good faith judgment that such disclosure is not
    in the best interest of the Company and its stockholders or
    obtaining any financial statements relating to any such
    acquisition or business combination required to be included in
    the Registration Statement would be impracticable or upon any
    event described in Section 3(c)(v). Upon the occurrence of
    any of the conditions described in the foregoing sentence, the
    Company shall give prompt notice (a “Suspension
    Notice”) thereof to the Holders. Upon the termination of
    such condition, the Company shall give prompt notice thereof to
    the Holders and shall promptly proceed with all Registration
    Actions that were suspended pursuant to this paragraph.

 

    The Company may suspend Registration Actions pursuant to the
    preceding paragraph for one or more periods (each, a
    “Suspension Period”) not to exceed 30 days in any
    single Suspension Period and 90 days in the aggregate
    during any twelve month period, during which no damages shall be
    payable pursuant to Section 2(b) as a result thereof. If
    one or more Suspension Periods exceed 90 days in the
    aggregate during any twelve month period, then damages shall
    begin to accrue on the 91st day until such Suspension
    Period ends. Each Suspension Period shall be deemed to begin on
    the date the relevant Suspension Notice is given to the Holders
    and shall end on the date on which the Company gives the Holders
    a notice that the Suspension Period has terminated.
    Notwithstanding anything to the foregoing, the Company shall at
    all times use its commercially reasonable efforts to end any
    Suspension Period at the earliest possible time.

    

    3

 

    (d) Each Holder agrees to furnish to the Company a
    completed Questionnaire in the form attached to this Agreement
    as Annex B, or a substantially similar form (a
    “Selling Holder Questionnaire”). The Company shall not
    be required to include the Registrable Securities of a Holder in
    the Registration Statement and shall not be required to pay any
    liquidated or other damages under Section 2(b) to any
    Holder who fails to furnish to the Company a fully completed
    Selling Holder Questionnaire at least 10 Trading Days prior to
    the Filing Date (subject to the requirements set forth in
    Section 3(a)).

 

    3. Registration Procedures.

 

    In connection with the Company’s registration obligations
    hereunder, the Company shall:

 

    (a) Not less than five (5) Trading Days prior to the
    filing of the Registration Statement or any related Prospectus
    or any amendment or supplement thereto, the Company shall
    furnish to each Holder copies of the “Selling
    Stockholders” and the “Plan of Distribution”
    sections as proposed to be filed which documents will be subject
    to the review of such Holder. Investor shall provide any
    comments in writing within two (2) Trading Days after
    receipt of a document for review pursuant to the previous
    sentence. The Company shall not be required to include any
    Registrable Securities of any Investor in a Registration
    Statement if required information from such Investor is not
    furnished to the Company within the two (2) Trading Day
    time period. The Company shall not file the Registration
    Statement, any Prospectus or any amendments or supplements
    thereto in which the “Selling Stockholder” section
    thereof differs from the disclosure received from a Holder in
    its Selling Holder Questionnaire (as amended or supplemented).

 

    (b) (i) Prepare and file with the Commission such
    amendments, including post-effective amendments, to the
    Registration Statement and the Prospectus used in connection
    therewith as may be necessary to keep such Registration
    Statement continuously effective as to the applicable
    Registrable Securities for its Effectiveness Period;
    (ii) cause the related Prospectus to be amended or
    supplemented by any required Prospectus supplement, and as so
    supplemented or amended to be filed pursuant to Rule 424;
    (iii) respond as promptly as reasonably possible to any
    comments received from the Commission with respect to the
    Registration Statement or any amendment thereto and, as promptly
    as reasonably possible provide the Holders true and complete
    copies of all correspondence from and to the Commission relating
    to such Registration Statement that would not result in the
    disclosure to the Holders of material and non-public information
    concerning the Company; and (iv) comply in all material
    respects with the provisions of the Securities Act and the
    Exchange Act with respect to the Registration Statement and the
    disposition of all Registrable Securities covered by such
    Registration Statement.

 

    (c) Notify the Holders as promptly as reasonably possible
    and (if requested by any such Person) confirm such notice in
    writing no later than two (2) Trading Days following the
    day (i)(A) when a Prospectus or any Prospectus supplement or
    post-effective amendment to the Registration Statement has been
    filed; (B) when the Commission notifies the Company whether
    there will be a “review” of such Registration
    Statement and whenever the Commission comments in writing on
    such Registration Statement (the Company shall provide true and
    complete copies thereof and all written responses thereto to
    each of the Holders that pertain to the Holders as a
    “Selling Stockholder” or to the “Plan of
    Distribution”, but not information which the Company
    believes would constitute material and non-public information);
    (C) with respect to the Registration Statement or any
    post-effective amendment, when the same has become effective;
    and (D) when in the Company’s reasonable determination
    a post-effective amendment to the Registration Statement would
    be appropriate (ii) of any request by the Commission or any
    other federal or state governmental authority for amendments or
    supplements to the Registration Statement or Prospectus or for
    additional information; (iii) of the issuance by the
    Commission of any stop order suspending the effectiveness of the
    Registration Statement covering any or all of the Registrable
    Securities or the initiation of any Proceedings for that
    purpose; (iv) of the receipt by the Company of any
    notification with respect to the suspension of the qualification
    or exemption from qualification of any of the Registrable
    Securities for sale in any jurisdiction, or the initiation or
    threatening of any Proceeding for such purpose; and (v) of
    the occurrence of any event or passage of time that makes the
    financial statements included in the Registration Statement
    ineligible for inclusion therein or any statement made in such
    Registration Statement or Prospectus or any document
    incorporated or deemed to be incorporated

    

    4

 

    therein by reference untrue in any material respect or that
    requires any revisions to such Registration Statement,
    Prospectus or other documents so that, in the case of such
    Registration Statement or the Prospectus, as the case may be, it
    will not contain any untrue statement of a material fact or omit
    to state any material fact required to be stated therein or
    necessary to make the statements therein, in light of the
    circumstances under which they were made, not misleading.

 

    (d) Use its commercially reasonable efforts to avoid the
    issuance of, or, if issued, obtain the withdrawal of
    (i) any order suspending the effectiveness of the
    Registration Statement, or (ii) any suspension of the
    qualification (or exemption from qualification) of any of the
    Registrable Securities for sale in any jurisdiction, at the
    earliest practicable moment.

 

    (e) Furnish to each Holder, without charge, at least one
    conformed copy of the Registration Statement and each amendment
    thereto and all exhibits to the extent requested by such Person
    (including those previously furnished) promptly after the filing
    of such documents with the Commission.

 

    (f) Promptly deliver to each Holder, without charge, as
    many copies of each Prospectus or Prospectuses (including each
    form of prospectus) and each amendment or supplement thereto as
    such Persons may reasonably request. The Company hereby consents
    to the use of such Prospectus and each amendment or supplement
    thereto by each of the selling Holders in connection with the
    offering and sale of the Registrable Securities covered by such
    Prospectus and any amendment or supplement thereto.

 

    (g) Prior to any public offering of Registrable Securities,
    use commercially reasonable efforts to register or qualify, or
    exempt therefrom such Registrable Securities for offer and sale
    under the securities or blue sky laws of all jurisdictions
    within the United States, to keep each such registration or
    qualification (or exemption therefrom) effective during the
    Effectiveness Period and to do any and all other acts or things
    necessary or advisable to enable the disposition in such
    jurisdictions of the Registrable Securities covered by the
    Registration Statement; provided, however, that the Company
    shall not be required in connection therewith or as a condition
    thereto to (i) qualify to do business in any jurisdiction
    where it would not otherwise be required to qualify but for this
    Section 3(g), (ii) subject itself to general taxation
    in any jurisdiction where it would not otherwise be so subject
    but for this Section 3(g), or (iii) file a general
    consent to service of process in any such jurisdiction.

 

    (h) Cooperate with the Holders to facilitate the timely
    preparation and delivery of certificates representing
    Registrable Securities to be delivered to a transferee pursuant
    to the Registration Statement, which certificates shall be free,
    to the extent permitted by the Purchase Agreement, of all
    restrictive legends, and to enable such Registrable Securities
    to be in such denominations and registered in such names as any
    such Holders may request.

 

    (i) Upon the occurrence of any event contemplated by
    Section 3(c)(v), as promptly as commercially reasonable,
    prepare a supplement or amendment, including a post-effective
    amendment, to the Registration Statement or a supplement to the
    related Prospectus or any document incorporated or deemed to be
    incorporated therein by reference, and file any other required
    document so that, as thereafter delivered, neither the
    Registration Statement nor the Prospectus will contain an untrue
    statement of a material fact or omit to state a material fact
    required to be stated therein or necessary to make the
    statements therein, in light of the circumstances under which
    they were made, not misleading.

 

    (j) Use commercially reasonable efforts to cause all
    Registrable Securities covered by a Registration Statement to be
    listed on each securities exchange, interdealer quotation system
    or other market on which similar securities issued by the
    Company are then listed and use commercially reasonable efforts
    to maintain such listing.

 

    (k) Use commercially reasonable efforts to make and keep
    public information available, as that term is understood and
    defined in Rule 144 under the Securities Act, at all times.

 

    (l) If, after the execution of this Agreement, the
    Commission informs the Company that one or more of the Holders
    may be an underwriter of Registrable Securities, at the request
    of the Company, such

    

    5

 

    Investor shall reasonably cooperate with the Company in amending
    the Registration Statement to reflect the fact that such
    Investor may be an underwriter.

 

    (m) The Company shall use commercially reasonable efforts
    to maintain compliance with the eligibility requirements of
    Form S-3
    so that such form is continuously available for the registration
    of the resale of Registrable Securities during the Registration
    Period.

 

    4. Registration Expenses.  All
    expenses, other than underwriting discounts and commissions or
    as otherwise provided in this Agreement, incurred in connection
    with registrations, filings or qualifications pursuant to
    Sections 2 and 3, including, without limitation, all
    registration, listing and qualifications fees, printer’s
    and accounting fees, and fees and disbursements of counsel for
    the Company shall be paid by the Company.

 

    5. Indemnification.

 

    (a) Indemnification by the
    Company.  The Company shall, notwithstanding
    any termination of this Agreement, indemnify and hold harmless
    each Holder, the officers, directors, agents, investment
    advisors, partners, members and employees of each of them, each
    Person who controls any such Holder (within the meaning of
    Section 15 of the Securities Act or Section 20 of the
    Exchange Act), to the fullest extent permitted by applicable
    law, from and against any and all losses, claims, damages,
    liabilities, costs (including, without limitation, reasonable
    costs of preparation and reasonable attorneys’ fees) and
    expenses (collectively, “Losses”), as incurred,
    arising out of or relating to any untrue or alleged untrue
    statement of a material fact contained in the Registration
    Statement, any Prospectus or any form of prospectus or in any
    amendment or supplement thereto or in any preliminary
    prospectus, or free writing prospectus, or arising out of or
    relating to any omission or alleged omission of a material fact
    required to be stated therein or necessary to make the
    statements therein (in the case of any Prospectus or form of
    prospectus or supplement thereto, in light of the circumstances
    under which they were made) not misleading, except to the
    extent, but only to the extent, that (1) such untrue
    statements or omissions are based solely upon information
    regarding such Holder furnished in writing to the Company by
    such Holder expressly for use therein, or to the extent that
    such information relates to such Holder or such Holder’s
    proposed method of distribution of Registrable Securities and
    was reviewed and expressly approved in writing by such Holder
    expressly for use in the Registration Statement, such Prospectus
    or such form of Prospectus or in any amendment or supplement
    thereto (it being understood that the Holder has approved
    Annex A hereto for this purpose) or (2) in the case of
    an occurrence of a Suspension Period or an event of the type
    specified in Section 3(c), the use by such Holder of an
    outdated or defective Prospectus after the Company has notified
    such Holder in writing that the Prospectus is outdated or
    defective and prior to the receipt by such Holder of an Advice
    or an amended or supplemented Prospectus, but only if and to the
    extent that following the receipt of the Advice or the amended
    or supplemented Prospectus the misstatement or omission giving
    rise to such Loss would have been corrected. The Company shall
    notify the Holders promptly of the institution, threat or
    assertion of any Proceeding of which the Company is aware in
    connection with the transactions contemplated by this Agreement.

 

    (b) Indemnification by
    Holders.  Each Holder shall, severally and not
    jointly, indemnify and hold harmless the Company, its directors,
    officers, agents and employees, each Person who controls the
    Company (within the meaning of Section 15 of the Securities
    Act and Section 20 of the Exchange Act), and the directors,
    officers, agents or employees of such controlling Persons, to
    the fullest extent permitted by applicable law, from and against
    all Losses, as incurred, arising solely out of or based solely
    upon any untrue statement of a material fact contained in the
    Registration Statement, any Prospectus, or any form of
    prospectus, or in any amendment or supplement thereto, or
    arising solely out of or based solely upon any omission of a
    material fact required to be stated therein or necessary to make
    the statements therein not misleading to the extent, but only to
    the extent that, (1) such untrue statements or omissions
    are based solely upon information regarding such Holder
    furnished in writing to the Company by such Holder expressly for
    use therein, or to the extent that such information relates to
    such Holder or such Holder’s proposed method of
    distribution of Registrable Securities and was reviewed and
    expressly approved in writing by such Holder expressly for use
    in the Registration Statement (it being understood that the
    Holder has approved Annex A hereto for this purpose), such
    Prospectus or such form of Prospectus or in any amendment or
    supplement thereto or (2) in the case of an occurrence of a

    

    6

 

    Suspension Period or an event of the type specified in
    Section 3(c), the use by such Holder of an outdated or
    defective Prospectus after the Company has notified such Holder
    in writing that the Prospectus is outdated or defective and
    prior to the receipt by such Holder of an Advice or an amended
    or supplemented Prospectus, but only if and to the extent that
    following the receipt of the Advice or the amended or
    supplemented Prospectus the misstatement or omission giving rise
    to such Loss would have been corrected. In no event shall the
    liability of any selling Holder hereunder be greater in amount
    than the dollar amount of the net proceeds received by such
    Holder upon the sale of the Registrable Securities giving rise
    to such indemnification obligation.

 

    (c) Conduct of Indemnification
    Proceedings.  Any person entitled to
    indemnification hereunder shall (i) give prompt notice to
    the indemnifying party of any claim with respect to which it
    seeks indemnification and (ii) permit such indemnifying
    party to assume the defense of such claim with counsel
    reasonably satisfactory to the indemnified party;
    provided that any person entitled to indemnification
    hereunder shall have the right to employ separate counsel and to
    participate in the defense of such claim, but the fees and
    expenses of such counsel shall be at the expense of such person
    unless (a) the indemnifying party has agreed to pay such
    fees or expenses, or (b) the indemnifying party shall have
    failed to promptly assume the defense of such claim and employ
    counsel reasonably satisfactory to such person or (c) in
    the reasonable judgment of any such person, based upon advice of
    its counsel, a conflict of interest exists between such person
    and the indemnifying party with respect to such claims (in which
    case, if the person notifies the indemnifying party in writing
    that such person elects to employ separate counsel at the
    expense of the indemnifying party, the indemnifying party shall
    not have the right to assume the defense of such claim on behalf
    of such person); and provided, further, that the
    failure of any indemnified party to give notice as provided
    herein shall not relieve the indemnifying party of its
    obligations hereunder, except to the extent that such failure to
    give notice shall materially adversely affect the indemnifying
    party in the defense of any such claim or litigation. It is
    understood that the indemnifying party shall not, in connection
    with any proceeding in the same jurisdiction, be liable for fees
    or expenses of more than one separate firm of attorneys at any
    time for all such indemnified parties except to the extent that
    based upon advice of counsel, a conflict of interest exists
    between the indemnified parties. No indemnifying party will,
    except with the consent of the indemnified party, consent to
    entry of any judgment or enter into any settlement that does not
    include as an unconditional term thereof the giving by the
    claimant or plaintiff to such indemnified party of a release
    from all liability in respect of such claim or litigation.

 

    (d) Contribution.  If a claim for
    indemnification under Section 5(a) or 5(b) is unavailable
    to an indemnified party (by reason of public policy or
    otherwise), then each indemnifying party, in lieu of
    indemnifying such indemnified party, shall contribute to the
    amount paid or payable by such indemnified party as a result of
    such Losses, in such proportion as is appropriate to reflect the
    relative fault of the indemnifying party and indemnified party
    in connection with the actions, statements or omissions that
    resulted in such Losses as well as any other relevant equitable
    considerations. The relative fault of such indemnifying party
    and indemnified party shall be determined by reference to, among
    other things, whether any action in question, including any
    untrue or alleged untrue statement of a material fact or
    omission or alleged omission of a material fact, has been taken
    or made by, or relates to information supplied by, such
    indemnifying party or indemnified party, and the parties’
    relative intent, knowledge, access to information and
    opportunity to correct or prevent such action, statement or
    omission. The amount paid or payable by a party as a result of
    any Losses shall be deemed to include, subject to the
    limitations set forth in Section 5(c), any reasonable
    attorneys’ or other reasonable fees or expenses incurred by
    such party in connection with any Proceeding to the extent such
    party would have been indemnified for such fees or expenses if
    the indemnification provided for in this Section was available
    to such party in accordance with its terms.

 

    The parties hereto agree that it would not be just and equitable
    if contribution pursuant to this Section 5(d) were
    determined by pro rata allocation or by any other method of
    allocation that does not take into account the equitable
    considerations referred to in the immediately preceding
    paragraph. Notwithstanding the provisions of this
    Section 5(d), no Holder shall be required to contribute, in
    the aggregate, any amount in excess of the amount by which the
    proceeds actually received by such Holder from the sale of the
    Registrable Securities subject to the Proceeding exceeds the
    amount of any damages that such Holder has otherwise been
    required to pay by reason of such untrue or alleged untrue
    statement or omission or alleged omission.

    

    7

 

    The indemnity and contribution agreements contained in this
    Section are in addition to any liability that the indemnifying
    parties may have to the indemnified parties.

 

    6. Miscellaneous.

 

    (a) No Piggyback on
    Registrations.  Neither the Company nor any of
    its security holders (other than the Holders in such capacity
    pursuant hereto) may include securities of the Company in the
    Registration Statement other than the Registrable Securities,
    and the Company shall not during the Effectiveness Period enter
    into any agreement providing any such right to any of its
    security holders.

 

    (b) Compliance.  Each Holder
    covenants and agrees that it will comply with the prospectus
    delivery requirements of the Securities Act as applicable to it
    in connection with sales of Registrable Securities pursuant to
    the Registration Statement.

 

    (c) Discontinued Disposition.  Each
    Holder agrees by its acquisition of such Registrable Securities
    that, upon receipt of a notice from the Company of the
    occurrence of either (i) a Suspension Period as described
    in Section 2(c) or (ii) any event of the kind
    described in Section 3(c), such Holder will forthwith
    discontinue disposition of such Registrable Securities under the
    Registration Statement until such Holder’s receipt of the
    copies of the supplemented Prospectus
    and/or
    amended Registration Statement or until it is advised in writing
    (the “Advice”) by the Company that the use of the
    applicable Prospectus may be resumed, and, in either case, has
    received copies of any additional or supplemental filings that
    are incorporated or deemed to be incorporated by reference in
    such Prospectus or Registration Statement. The Company may
    provide appropriate stop orders to enforce the provisions of
    this paragraph.

 

    (d) Amendments and Waivers.  The
    provisions of this Agreement, including the provisions of this
    Section 6(d), may not be amended, modified or supplemented,
    and waivers or consents to departures from the provisions hereof
    may not be given, unless the same shall be in writing and signed
    by the Company and the Holders of no less than a majority in
    interest of the then outstanding Registrable Securities.
    Notwithstanding the foregoing, a waiver or consent to depart
    from the provisions hereof with respect to a matter that relates
    exclusively to the rights of certain Holders and that does not
    directly or indirectly affect the rights of other Holders may be
    given by Holders to which such waiver or consent relates;
    provided that this provisions of this sentence may not be
    amended except in accordance with the provisions of the
    immediately preceding sentence.

 

    (e) Cooperation.  Each Holder, by
    such Holder’s acceptance of the Registrable Securities,
    agrees to cooperate with the Company as reasonably requested by
    the Company in connection with the preparation and filing of any
    Registration Statement hereunder, unless such Holder has
    notified the Company in writing of such Holder’s election
    to exclude all of such Holder’s Registrable Securities from
    such Registration Statement.

 

    (f) Further Assurances.  Each party
    shall do and perform, or cause to be done and performed, all
    such further acts and things, and shall execute and deliver all
    such other agreements, certificates, consents, instruments and
    documents, as any other party may reasonably request in order to
    carry out the intent and accomplish the purposes of this
    Agreement and the consummation of the transactions contemplated
    hereby.

 

    (g) Notices.  Any and all notices
    or other communications or deliveries required or permitted to
    be provided hereunder shall be in writing and shall be deemed
    given and effective on the earliest of (a) the date of
    transmission, if such notice or communication is delivered via
    facsimile (provided the sender receives a machine-generated
    confirmation of successful transmission) at the facsimile number
    specified in this Section prior to 6:30 p.m. (New York City
    time) on a Trading Day, (b) the next Trading Day after the
    date of transmission, if such notice or communication is
    delivered via facsimile at the facsimile number specified in
    this Section on a day that is not a Trading Day or later than
    6:30 p.m. (New York City time) on any Trading Day,
    (c) the Trading Day following the date of mailing, if sent
    by U.S. nationally recognized overnight courier

    

    8

 

    service, or (d) upon actual receipt by the party to whom
    such notice is required to be given. The address for such
    notices and communications shall be as follows:

 

	 	 	 
	

    If to the Company:

	
 
	
    Saia, Inc.

	
 
	
 
	
    11465 Johns Creek Parkway, Suite 400

    Johns Creek, Georgia 30091

    Attn: Chief Financial Officer

    Facsimile: (770) 232-4066

	
 
	
 
	
 

	
    With a copy to (which shall not constitute notice:
	
 
	
    Bryan Cave LLP

    One Kansas City Place

    1200 Main Street, Suite 3500

    Kansas City, Missouri

    Attn: Robert Barnes

    Facsimile: (816) 855-3368

	
 
	
 
	
 

	
    If to an Investor:
	
 
	
    To the address set forth under such Investor’s name on the
    signature pages hereto.

	
 

	
    If to any other Person who is then the registered Holder:

	
 
	
 
	
 

	
 
	
 
	
    To the address of such Holder as it appears in the stock
    transfer books of the Company

 

    or such other address as may be designated in writing hereafter,
    in the same manner, by such Person.

 

    (h) Successors and Assigns.  The
    rights under this Agreement shall be automatically assignable by
    the Holders to any transferee of all or any portion of such
    Holder’s Registrable Securities if: (i) the Holder
    agrees in writing with the transferee or assignee to assign such
    rights, and a copy of such agreement is furnished to the Company
    within a reasonable time after such assignment; (ii) the
    Company is, within a reasonable time after such transfer or
    assignment, furnished with written notice of (a) the name
    and address of such transferee or assignee, and (b) the
    securities with respect to which such registration rights are
    being transferred or assigned; (iii) immediately following
    such transfer or assignment the further disposition of such
    securities by the transferee or assignee is restricted under the
    Securities Act or applicable state securities laws; (iv) at
    or before the time the Company receives the written notice
    contemplated by clause (ii) of this sentence the transferee
    or assignee agrees in writing with the Company to be bound by
    all of the provisions contained herein; and (v) such
    transfer shall have been made in accordance with the applicable
    requirements of the Purchase Agreement, and in accordance with
    all applicable securities laws.

 

    (i) Execution and
    Counterparts.  This Agreement may be executed
    in any number of counterparts, each of which when so executed
    shall be deemed to be an original and, all of which taken
    together shall constitute one and the same Agreement. In the
    event that any signature is delivered by facsimile transmission,
    such signature shall create a valid binding obligation of the
    party executing (or on whose behalf such signature is executed)
    the same with the same force and effect as if such facsimile
    signature were the original thereof.

 

    (j) Governing Law.  All questions
    concerning the construction, validity, enforcement and
    interpretation of this Agreement shall be governed by and
    construed and enforced in accordance with the internal laws of
    the State of New York, without regard to the principles of
    conflicts of law thereof. Each party agrees that all Proceedings
    concerning the interpretations, enforcement and defense of the
    transactions contemplated by this Agreement (whether brought
    against a party hereto or its respective Affiliates, employees
    or agents) will be commenced in the New York Courts. Each party
    hereto hereby irrevocably submits to the exclusive jurisdiction
    of the New York Courts for the adjudication of any dispute
    hereunder or in connection herewith or with any transaction
    contemplated hereby or discussed herein, and hereby irrevocably
    waives, and agrees not to assert in any Proceeding, any claim
    that it is not personally subject to the jurisdiction of any New
    York Court, or that such Proceeding has been commenced in an
    improper or inconvenient forum. Each party hereto hereby
    irrevocably waives personal service of process and consents to
    process being served in any such Proceeding by mailing a copy
    thereof via registered or certified mail or overnight delivery
    (with evidence of delivery) to such party at the address in
    effect for notices to it under this Agreement and agrees that
    such service shall constitute good and sufficient service of
    process and notice thereof. Nothing contained herein shall be
    deemed to limit in

    

    9

 

    any way any right to serve process in any manner permitted by
    law. Each party hereto hereby irrevocably waives, to the fullest
    extent permitted by applicable law, any and all right to trial
    by jury in any Proceeding arising out of or relating to this
    Agreement or the transactions contemplated hereby. If either
    party shall commence a Proceeding to enforce any provisions of
    this Agreement, then the prevailing party in such Proceeding
    shall be reimbursed by the other party for its attorney’s
    fees and other costs and expenses incurred with the
    investigation, preparation and prosecution of such Proceeding.

 

    (k) Cumulative Remedies.  The
    remedies provided herein are cumulative and not exclusive of any
    remedies provided by law.

 

    (l) Severability.  If any term,
    provision, covenant or restriction of this Agreement is held by
    a court of competent jurisdiction to be invalid, illegal, void
    or unenforceable, the remainder of the terms, provisions,
    covenants and restrictions set forth herein shall remain in full
    force and effect and shall in no way be affected, impaired or
    invalidated, and the parties hereto shall use their reasonable
    efforts to find and employ an alternative means to achieve the
    same or substantially the same result as that contemplated by
    such term, provision, covenant or restriction. It is hereby
    stipulated and declared to be the intention of the parties that
    they would have executed the remaining terms, provisions,
    covenants and restrictions without including any of such that
    may be hereafter declared invalid, illegal, void or
    unenforceable.

 

    (m) Headings.  The headings in this
    Agreement are for convenience of reference only and shall not
    limit or otherwise affect the meaning hereof.

 

    (n) Independent Nature of Investors’ Obligations
    and Rights.  The obligations of each Investor
    under this Agreement are several and not joint with the
    obligations of each other Investor, and no Investor shall be
    responsible in any way for the performance of the obligations of
    any other Investor under this Agreement. Nothing contained
    herein or in any transaction document, and no action taken by
    any Investor pursuant thereto, shall be deemed to constitute the
    Investors as a partnership, an association, a joint venture or
    any other kind of entity, or create a presumption that the
    Investors are in any way acting in concert or as a group with
    respect to such obligations or the transactions contemplated by
    this Agreement or any other Transaction Document. Each Investor
    acknowledges that no other Investor will be acting as agent of
    such Investor in enforcing its rights under this Agreement. Each
    Investor shall be entitled to independently protect and enforce
    its rights, including without limitation the rights arising out
    of this Agreement, and it shall not be necessary for any other
    Investor to be joined as an additional party in any Proceeding
    for such purpose. The Company acknowledges that each of the
    Investors has been provided with the same Registration Rights
    Agreement for the purpose of closing a transaction with multiple
    Investors and not because it was required or requested to do so
    by any Investor.

 

    [REMAINDER
    OF PAGE INTENTIONALLY LEFT BLANK

    SIGNATURE PAGES TO FOLLOW]

    

    

    10

 

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

 

    SAIA, INC.

 

			
	 	    By: 
	
        

    Name:     

    Title:

 

    [REMAINDER
    OF PAGE INTENTIONALLY LEFT BLANK

    SIGNATURE PAGES OF INVESTORS TO FOLLOW]
    

    

    11

 

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

 

    NAME OF INVESTING ENTITY

 

			
	 	    By: 
	
        

    Name:     

    Title:

 

    ADDRESS FOR NOTICE

 

    c/o:

    Street:

    City/State/Zip:

    Attention:

    Tel:

    Fax:

    Email:

    

    12

 

    Annex A

 

    SELLING
    STOCKHOLDERS

 

    We issued the shares of our common stock that are covered by
    this prospectus to the selling stockholders pursuant to share
    purchase agreements entered into between us and each of the
    selling stockholders on December 22, 2009 (the
    “Securities Purchase Agreements”) in a transaction
    exempt from the registration requirements of the Securities Act.
    We entered into a registration rights agreement with the
    purchasers in such transaction pursuant to which we agreed to
    register the resale of the shares of our common stock under the
    Securities Act.

 

    We are registering the shares of our common stock covered by
    this prospectus on behalf of the selling stockholders named in
    the table below in accordance with our obligations under the
    registration rights agreement. Selling stockholders, including
    their permitted transferees, pledgees or donees or their
    successors (all of whom may be selling stockholders), may from
    time to time offer and sell pursuant to this prospectus any or
    all of the shares. When we refer to “selling
    stockholders” in this prospectus, we mean those persons
    listed in the table below, as well as their permitted
    transferees, pledgees or donees or their successors.

 

    The following table sets forth certain information as of
    [          ],
    2009 regarding beneficial ownership of our common stock by the
    selling stockholders. “Beneficial ownership” is a term
    defined by the SEC in
    Rule 13d-3
    under the Exchange Act and includes shares of common stock over
    which a selling stockholder has direct or indirect voting or
    investment control and any shares of common stock that the
    selling stockholder has a right to acquire beneficial ownership
    of within 60 days.

 

    The number of shares of common stock in the column “Number
    of Shares Beneficially Owned Prior to the Offering” is
    based on beneficial ownership information provided to us by or
    on behalf of the selling stockholders in a selling stockholder
    questionnaire.

 

    The number of shares in the column “Number of
    Shares Registered for Sale Hereby” represents all of
    the shares that each selling stockholder may offer under this
    prospectus. These shares are the shares of common stock
    purchased by the selling stockholders in the transaction
    discussed above. The selling stockholders may sell some, all or
    none of their shares. In addition, the selling stockholders may
    have sold, transferred or otherwise disposed of all or a portion
    of their shares since the date on which they provided the
    information regarding their shares in transactions exempt from
    the registration requirements of the Securities Act.

 

    The number of shares in the column “Number of
    Shares Beneficially Owned after the Offering” assumes
    that the selling stockholders will sell all of their shares
    offered pursuant to this prospectus and that any other shares of
    common stock beneficially owned by the selling stockholders will
    continue to be beneficially owned. We do not know when or in
    what amounts the selling stockholders will offer shares for
    sale, if at all. The selling stockholders may sell any or all of
    the shares included in and offered by this prospectus. Because
    the selling stockholders may offer all or some of the shares
    pursuant to this offering, we cannot estimate the number of
    shares that will be held by the selling stockholders after
    completion of the offering.

 

    Information regarding the selling stockholders may change from
    time to time. Any such changed information will be set forth in
    supplements to this prospectus if required.

 

    Except as set forth in the table below, none of the selling
    stockholders has had a material relationship with us within the
    past three years.

 

	 	 	 	 	 	 	 
	
 
	
 
	
 
	
 
	
    Maximum Number of

    
	
 
	
 

	
 
	
 
	
    Number of Shares

    
	
 
	
    Shares to be Sold

    
	
 
	
 

	
    Name of Selling

    
	
 
	
    Beneficially

    
	
 
	
    Pursuant to

    
	
 
	
    Number of Shares

    

	

    Stockholder

	
 
	
    Owned Prior to Offering
	
 
	
    this Prospectus
	
 
	
    Owned After Offering

	 

	

    [Information to be provided by the Investors]

    

    A-1

 

    PLAN OF
    DISTRIBUTION

 

    We are registering the shares of common stock to permit the
    resale of these shares of common stock by the selling
    stockholders from time to time after the date of this
    prospectus. We will not receive any of the proceeds from the
    sale by the selling stockholders of the shares of common stock.

 

    The selling stockholders and any broker-dealers that act in
    connection with the sale of shares may be deemed to be
    “underwriters” within the meaning of
    Section 2(11) of the Securities Act, and any commissions
    received by such broker-dealers and any profit on the resale of
    shares sold by them while acting as principals may be deemed to
    be underwriting discounts or commissions under the Securities
    Act.

 

    The selling stockholders may sell all or a portion of the shares
    of common stock beneficially owned by them and offered hereby
    from time to time directly or through one or more underwriters,
    broker-dealers or agents. If the shares of common stock are sold
    through underwriters or broker-dealers, the selling stockholders
    will be responsible for underwriting discounts or commissions or
    agent’s commissions. The shares of common stock may be sold
    in one or more transactions at fixed prices, at prevailing
    market prices at the time of the sale, at varying prices
    determined at the time of sale, or at negotiated prices. These
    sales may be effected in transactions, which may involve crosses
    or block transactions,

 

			
	 	    • 
	
    on any national securities exchange or quotation service on
    which the securities may be listed or quoted at the time of sale;

	 
	 	    • 
	
    in the
    over-the-counter
    market;

	 
	 	    • 
	
    in transactions otherwise than on these exchanges or systems or
    in the
    over-the-counter
    market;

	 
	 	    • 
	
    through the writing of options, whether such options are listed
    on an options exchange or otherwise;

	 
	 	    • 
	
    ordinary brokerage transactions and transactions in which the
    broker-dealer solicits purchasers;

	 
	 	    • 
	
    block trades in which the broker-dealer will attempt to sell the
    shares as agent but may position and resell a portion of the
    block as principal to facilitate the transaction;

	 
	 	    • 
	
    purchases by a broker-dealer as principal and resale by the
    broker-dealer for its account;

	 
	 	    • 
	
    an exchange distribution in accordance with the rules of the
    applicable exchange;

	 
	 	    • 
	
    privately negotiated transactions;

	 
	 	    • 
	
    sales pursuant to Rule 144;

	 
	 	    • 
	
    short sales;

	 
	 	    • 
	
    broker-dealers may agree with the selling stockholders to sell a
    specified number of such shares at a stipulated price per share;

	 
	 	    • 
	
    a combination of any such methods of sale; and

	 
	 	    • 
	
    any other method permitted pursuant to applicable law.

 

    If the selling stockholders effect such transactions by selling
    shares of common stock to or through underwriters,
    broker-dealers or agents, such underwriters, broker-dealers or
    agents may receive commissions in the form of discounts,
    concessions or commissions from the selling stockholders or
    commissions from purchasers of the shares of common stock for
    whom they may act as agent or to whom they may sell as principal
    (which discounts, concessions or commissions as to particular
    underwriters, broker-dealers or agents may be in excess of those
    customary in the types of transactions involved). In connection
    with sales of the shares of common stock or otherwise, the
    selling stockholders may enter into hedging transactions with
    broker-dealers, which may in turn engage in short sales of the
    shares of common stock in the course of hedging in positions
    they assume. The selling stockholders may also sell shares of
    common stock short and deliver shares of common stock covered by
    this prospectus to close out short positions and to return
    borrowed shares in connection with such short sales. The selling
    stockholders may also loan or pledge shares of common stock to
    broker-dealers that in turn may sell such shares.

    

    A-2

 

    The selling stockholders may pledge or grant a security interest
    in some or all of the shares of common stock owned by them and,
    if they default in the performance of their secured obligations,
    the pledgees or secured parties may offer and sell the shares of
    common stock from time to time pursuant to this prospectus or
    any amendment to this prospectus under Rule 424(b)(3) or
    other applicable provision of the Securities Act, amending, if
    necessary, the list of selling stockholders to include the
    pledgee, transferee or other successors in interest as selling
    stockholders under this prospectus. The selling stockholders
    also may transfer and donate the shares of common stock in other
    circumstances in which case the transferees, donees, pledgees or
    other successors in interest will be the selling beneficial
    owners for purposes of this prospectus.

 

    At the time a particular offering of the shares of common stock
    is made, a prospectus supplement, if required, will be
    distributed which will set forth the aggregate amount of shares
    of common stock being offered and the terms of the offering,
    including the name or names of any broker-dealers or agents, any
    discounts, commissions and other terms constituting compensation
    from the selling stockholders and any discounts, commissions or
    concessions allowed or reallowed or paid to broker-dealers.

 

    Under the securities laws of some states, the shares of common
    stock may be sold in such states only through registered or
    licensed brokers or dealers. In addition, in some states the
    shares of common stock may not be sold unless such shares have
    been registered or qualified for sale in such state or an
    exemption from registration or qualification is available and is
    complied with.

 

    There can be no assurance that any selling stockholder will sell
    any or all of the shares of common stock registered pursuant to
    the registration statement, of which this prospectus forms a
    part.

 

    The selling stockholders and any other person participating in
    such distribution will be subject to applicable provisions of
    the Securities Exchange Act of 1934, as amended, and the rules
    and regulations thereunder, including, without limitation, to
    the extent applicable, Regulation M of the Exchange Act,
    which may limit the timing of purchases and sales of any of the
    shares of common stock by the selling stockholders and any other
    participating person. To the extent applicable Regulation M
    may also restrict the ability of any person engaged in the
    distribution of the shares of common stock to engage in
    market-making activities with respect to the shares of common
    stock. All of the foregoing may affect the marketability of the
    shares of common stock and the ability of any person or entity
    to engage in market-making activities with respect to the shares
    of common stock.

 

    We will pay all expenses of the registration of the shares of
    common stock pursuant to the registration rights agreement,
    including, without limitation, Securities and Exchange
    Commission filing fees and expenses of compliance with state
    securities or “blue sky” laws; provided, however, that
    a selling stockholder will pay all underwriting discounts and
    selling commissions, if any. We will indemnify the selling
    stockholders against certain liabilities, including some
    liabilities under the Securities Act, in accordance with the
    registration rights agreement, or the selling stockholders will
    be entitled to contribution. We may be indemnified by the
    selling stockholders against certain civil liabilities,
    including liabilities under the Securities Act, that may arise
    from any written information furnished to us by the selling
    stockholder specifically for use in this prospectus, in
    accordance with the related registration rights agreement, or we
    may be entitled to contribution.

 

    Once sold under the registration statement, of which this
    prospectus forms a part, the shares of common stock will be
    freely tradable under the Securities Act in the hands of persons
    other than our affiliates.

    

    A-3

 

    Annex B

 

    SAIA,
    INC.

    Selling Securityholder Notice and Questionnaire

 

    The undersigned beneficial owner of common stock (the
    “Common Stock” ) of Saia, Inc. (the
    “Company” ) understands that the Company has filed or
    intends to file with the Securities and Exchange Commission (the
    “Commission” ) a Registration Statement for the
    registration and resale of the Registrable Securities, in
    accordance with the terms of the Registration Rights Agreement,
    dated as of December 22, 2009 (the
    “Registration Rights Agreement” ), among the Company
    and the Investors named therein. A copy of the Registration
    Rights Agreement is available from the Company upon request at
    the address set forth below. All capitalized terms used and not
    otherwise defined herein shall have the meanings ascribed
    thereto in the Registration Rights Agreement.

 

    The undersigned hereby provides the following information to the
    Company and represents and warrants that such information is
    accurate:

 

    QUESTIONNAIRE

 

    1. Name.

 

			
	 	    (a) 
	
    Full Legal Name of Selling Securityholder

 

			
	 	          
	
    

 

			
	 	    (b) 
	
    Full Legal Name of Registered Holder (if not the same as
    (a) above) through which Registrable Securities Listed in
    Item 3 below are held:

 

			
	 	          
	
    

 

			
	 	    (c) 
	
    Full Legal Name of Natural Control Person (which means a natural
    person who directly or indirectly alone or with others has power
    to vote or dispose of the securities covered by the
    questionnaire):

 

			
	 	          
	
    

 

    2. Address for Notices to Selling Securityholder:

 

			
	 	          
	
    

	 
	 	          
	
    

	 
	 	          
	
    

 

			
	 	    Telephone: 
	
    

 

			
	 	    Fax: 
	
    

 

			
	 	    Contact Person: 
	
    

 

    3. Beneficial Ownership of Registrable Securities:

 

    Type and Principal Amount of Registrable Securities beneficially
    owned:

 

			
	 	               
	
    

	 
	 	               
	
    

	 
	 	               
	
    

 

    4. Broker-Dealer Status:

 

    (a) Are you a broker-dealer?

 

    Yes o       No o
    

    

    B-1

 

    Note: If yes, the Commission’s staff has indicated that you
    should be identified as an underwriter in the Registration
    Statement.

 

			
	 	    (b) 
	
    Are you an affiliate of a broker-dealer?

 

    Yes o       No o
    

 

    (c) If you are an affiliate of a broker-dealer, do you
    certify that you bought the Registrable Securities in the
    ordinary course of business, and at the time of the purchase of
    the Registrable Securities to be resold, you had no agreements
    or understandings, directly or indirectly, with any person to
    distribute the Registrable Securities?

 

    Yes o       No o
    

 

    Note: If no, the Commission’s staff has indicated that you
    should be identified as an underwriter in the Registration
    Statement.

 

    5. Beneficial Ownership of Other Securities of the Company
    Owned by the Selling Securityholder.

 

    Except as set forth below in this Item 5, the
    undersigned is not the beneficial or registered owner of any
    securities of the Company other than the Registrable Securities
    listed above in Item 3.

 

    Type and Amount of Other Securities beneficially owned by the
    Selling Securityholder:

 

			
	 	               
	
    

    

	 
	 	               
	
    

    

	 
	 	               
	
    

 

    6. Relationships with the Company:

 

    Except as set forth below, neither the undersigned nor any of
    its affiliates, officers, directors or principal equity holders
    (owners of 5% of more of the equity securities of the
    undersigned) has held any position or office or has had any
    other material relationship with the Company (or its
    predecessors or affiliates) during the past three years.

 

    State any exceptions here:

 

			
	 	               
	
    

 

    7. Please fill in the table below as you would like it to
    appear in the Registration Statement. Include footnotes where
    appropriate.

 

	 	 	 	 	 	 	 
	
 
	
 
	
 
	
 
	
    Maximum Number of

    
	
 
	
 

	
 
	
 
	
    Number of Shares

    
	
 
	
    Shares to be Sold

    
	
 
	
 

	
    Name of Selling

    
	
 
	
    Beneficially

    
	
 
	
    Pursuant to

    
	
 
	
    Number of Shares

    

	

    Stockholder

	
 
	
    Owned Prior to Offering
	
 
	
    this Prospectus
	
 
	
    Owned After Offering

	 

    

    B-2

 

    The undersigned agrees to promptly notify the Company of any
    inaccuracies or changes in the information provided herein that
    may occur subsequent to the date hereof and prior to the
    Effective Date for the Registration Statement.

 

    By signing below, the undersigned consents to the disclosure of
    the information contained herein in its answers to Items 1
    through 7 and the inclusion of such information in the
    Registration Statement and the related prospectus. The
    undersigned understands that such information will be relied
    upon by the Company in connection with the preparation or
    amendment of the Registration Statement and the related
    prospectus.

 

    IN WITNESS WHEREOF the undersigned, by authority duly given, has
    caused this Notice and Questionnaire to be executed and
    delivered either in person or by its duly authorized agent.

 

	 	 	 
	

    Dated: ­
    ­

	
 
	

    Beneficial
    Owner: ­
    ­

	
 
	
 
	
 

	
 
	
 
	

    By: ­
    ­

	
 
	
 
	
    Name:

	
 
	
 
	
    Title:

 

    PLEASE FAX A COPY OF THE COMPLETED AND EXECUTED NOTICE AND
    QUESTIONNAIRE, AND RETURN THE ORIGINAL BY OVERNIGHT MAIL, TO:

 

    Bryan Cave
    LLP

    One Kansas City Place

    1200 Main Street, Suite 3500

    Kansas City, Missouri
    64105-2100

    Attn: Robert Barnes

    Facsimile:
    (816) 855-3368
    

    

    B-3exv10w3

Exhibit 10.3

FIRST AMENDMENT TO THIRD AMENDED

AND RESTATED CREDIT AGREEMENT

     THIS FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated
December 22, 2009, is entered into by and among SAIA, INC., a Delaware corporation (the
“Borrower”), the undersigned Banks, and BANK OF OKLAHOMA, NATIONAL ASSOCIATION, as Administrative
Agent.

RECITALS:

     A. The Borrower, the Banks, Bank of Oklahoma, National Association, as Lead Arranger and as
Administrative Agent and Collateral Agent, Bank of America, N.A., as successor by merger to LaSalle
Bank National Association, as Syndication Agent, and U.S. Bank National Association, as
Documentation Agent, are parties to that certain Third Amended and Restated Credit Agreement dated
June 26, 2009 (the “Credit Agreement”). Capitalized terms used in this Amendment that are not
otherwise defined herein have the respective meanings assigned to them in the Credit Agreement.

     B. The Borrower has requested that certain provisions of the Credit Agreement be amended upon
consummation of a Successful Stock Offering (as defined in Paragraph 2.G below).

     C. The undersigned Banks have agreed to such request, subject to the terms and conditions set
forth in this Amendment.

     NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby
amend the Credit Agreement, effective as of consummation of a Successful Stock Offering, as
follows:

1. REVOLVING CREDIT COMMITMENT. The Revolving Credit Commitment shall be permanently
reduced from $160,000,000 to $120,000,000. Accordingly, (i) the reference to “$160,000,000”
appearing in the definition of “Revolving Credit Commitment” in Section 1.1.113 of the Credit
Agreement is hereby replaced with a reference to “$120,000,000,” and (ii) in order to
proportionately reduce each Bank’s Commitment to correspond with the reduction in the Revolving
Credit Commitment, each Bank’s Commitment is hereby reduced to the amount set forth on Schedule
I attached hereto.

2. AMENDMENTS TO DEFINITIONS APPEARING IN SECTION 1.1 OF THE CREDIT AGREEMENT. The
following changes are made to the definitions appearing in Section 1 of the Credit Agreement (and
such defined terms shall also have the same meanings when used in this Amendment):

     A. The definition of “Adjusted Covenant Period” appearing at Section 1.1.6 of the Credit
Agreement shall be amended and restated in its entirety to read as follows:

 

 

     1.1.6. “Adjusted Covenant Period” means the period commencing on the Effective
Date and ending on March 31, 2011 (or such later date as the Borrower and the
Majority Banks may mutually establish).

     B. The definition of “EBITDAR” appearing at Section 1.1.42 of the Credit Agreement shall be
amended and restated in its entirety to read as follows:

     1.1.42 “EBITDAR” means, for any period, the sum of Net Income plus, to the
extent deducted in the determination of Net Income, (i) all provisions for federal,
state and other income tax of the Borrower and its Subsidiaries, (ii) Interest
Expense, (iii) provisions for depreciation and amortization, and (iv) Rental
Expense, excluding (a) any gains or losses resulting from the sale, conversion or
other disposition of capital assets (i.e., assets other than current assets), (b)
any gains resulting from the write-up of assets, (c) any earnings of any Person
acquired by the Borrower or any Subsidiary through purchase, merger or consolidation
or otherwise for any period prior to the date of Acquisition, (d) any deferred
credit representing the excess of equity in any such Subsidiary at the date of
Acquisition over the cost of the investment in such Subsidiary, (e) any gains or
losses from the acquisition of securities or the retirement or extinguishment of
Indebtedness, (f) any gains on collections from the proceeds of insurance policies
or settlements, (g) any restoration to income of any Contingency Reserve, except to
the extent that provision for such reserve was made out of income accrued during
such period, (h) any income, gain or loss during such period from any discontinued
operations or the disposition thereof, from any extraordinary items or from any
prior period adjustments, and (i) any interest of the Borrower or any Subsidiary in
the undistributed earnings (but not losses) of any Person which is not a Subsidiary
of the Borrower, which in the aggregate will be deducted only to the extent they are
positive, adjusted for minority interests in Subsidiaries. Furthermore, for all
periods ending on or before March 31, 2011, EBITDAR shall also include (and shall be
increased by the amount of) the net proceeds of a Successful Stock Offering.

     C. The definition of “Excess Cash on Hand” appearing at Section 1.1.49 of the Credit Agreement
shall be amended and restated in its entirety to read as follows:

     1.1.49 “Excess Cash on Hand” means, as of any date, the amount (but only if a
positive number) by which total cash and cash equivalents (except for cash and cash
equivalents encumbered by Liens or restrictions in favor of Persons other than the
Collateral Agent) of the Borrower and its Subsidiaries on hand on such date exceeds
the sum of the following:

	 	(i)	 	$5,000,000; plus
	 
	 	(ii)	 	the total principal amount of all Loans
outstanding hereunder on such date; plus

2

 

	 	(iii)	 	for purposes of any financial ratios
used in this Agreement for which “Excess Cash on Hand” is a
component in the calculation thereof during the Adjusted
Covenant Period (but not for purposes of calculating the
Available Borrowing Base during the Adjusted Covenant Period),
the total amount received by the Borrower in cash as net
proceeds from a Successful Stock Offering.

     D. The definition of “Maintenance Capital Expenditures” appearing at Section 1.1.72 of the
Credit Agreement shall be deleted in its entirety and in its place, Section 1.1.72 shall now read
“[INTENTIONALLY OMITTED].”

     E. The definition of “Net Cash Flow” appearing at Section 1.1.79 of the Credit Agreement shall
be amended and restated in its entirety to read as follows:

     1.1.79 “Net Cash Flow” means Adjusted EBITDAR less the sum of Rental Expense,
cash taxes, Unfinanced Capital Expenditures, distributions (to the extent payment of
such distributions was consented to by the Majority Banks), and treasury stock
purchases (to the extent permitted by Section 7.13(b)).

     F. The definition of “Total Debt Service” appearing at Section 1.1.133 of the Credit Agreement
shall be amended and restated in its entirety to read as follows:

     1.1.133. “Total Debt Service” means for any period means the sum of (i)
Interest Expense, (ii) scheduled principal payments on long-term debt (whether or
not scheduled principal payments are prepaid), and (iii) Capital Lease payments.

     G. A new definition of “Successful Stock Offering” shall be added to the Credit Agreement at
Section 1.1.141 reading as follows:

     “Successful Stock Offering” means the closing and settlement of funds on or
before February 16, 2010, of an offering of common stock of the Borrower resulting
in cash proceeds to the Borrower (net of placement agent fees) in excess of
$25,000,000. All references to the net proceeds of a Successful Stock Offering
shall mean the total issuance proceeds, net of placement agent fees only.

     H. A new definition of “Unfinanced Capital Expenditures” shall be added to the Credit
Agreement at Section 1.1.142 reading as follows:

     “Unfinanced Capital Expenditures” means Capital Expenditures by the Borrower
and its Subsidiaries during a particular period of determination financed with funds
other than funds financed through Revolving Credit Loans or with the proceeds of a
Successful Stock Offering.

3

 

3. FINANCIAL COVENANT AMENDMENTS.

     A. Section 6.1 of the Credit Agreement shall be amended and restated in its entirety to read
as follows:

     6.1 Fixed Charge Coverage Ratio. The Borrower will not permit the Fixed Charge Coverage
Ratio, determined as of the last day of each fiscal quarter beginning with the fiscal
quarter ending December 31, 2009, for the four fiscal quarters then ended, to be less than
the minimum required Fixed Charge Coverage Ratio set forth below.

	 	 	 
	 	 	Minimum Required Fixed Charge
	Period	 	Coverage Ratio
	December 31, 2009, March 31, 

2010, June 30, 2010, September 30, 

2010, December 31, 2010 and 

March 31, 2011
	 	1.00 to 1.00
	June 30, 2011 and thereafter
	 	1.10 to 1.00

     B. Section 6.2 of the Credit Agreement shall be amended and restated in its entirety to read
as follows:

     6.2 Leverage Ratio. The Borrower will not permit the Leverage Ratio, determined as of
the last day of each fiscal quarter beginning with the fiscal quarter ending December 31,
2009, to be greater than the maximum permitted Leverage Ratio set forth below.

	 	 	 
	 	 	Maximum Permitted Leverage
	Calculation Date	 	Ratio
	December 31, 2009, March 31, 

2010, June 30, 2010, September 30, 

2010, December 31, 2010 and 

March 31, 2011
	 	4.25 to 1.00
	June 30, 2011 and thereafter
	 	3.25 to 1.00

     C. Section 6.3 of the Credit Agreement shall be amended and restated in its entirety to read
as follows:

     6.3 Adjusted Leverage Ratio. The Borrower will not permit the Adjusted Leverage Ratio,
determined as of the last day of each fiscal quarter beginning with the fiscal quarter
ending December 31, 2009, to be greater than the maximum permitted Adjusted Leverage Ratio
set forth below.

	 	 	 
	 	 	Maximum Permitted Adjusted
	Calculation Date	 	Leverage Ratio
	December 31, 2009, March 31, 2010

and June 30, 2010
	 	4.75 to 1.00

4

 

	 	 	 
	 	 	Maximum Permitted Adjusted
	Calculation Date	 	Leverage Ratio
	September 30, 2010, December 31, 

2010 and March 31, 2011
	 	5.00 to 1.00
	June 30, 2011 and thereafter
	 	3.75 to 1.00

     D. A new Section 6.6 shall be added to the Credit Agreement reading as follows:

     6.6 Rental Expense. The Borrower shall not allow aggregate Rental Expense,
determined as of the last day of each fiscal quarter for the twelve months then
ending, beginning with the fiscal quarter ending December 31, 2009, and continuing
through March 31, 2011, to exceed $19,000,000.

4. OTHER AMENDMENTS TO CREDIT AGREEMENT.

     A. Section 5.2.3 of the Credit Agreement shall be amended and restated in its entirety to read
as follows:

     5.2.3 The Borrower will permit the Administrative Agent, through its authorized
agents and representatives (who need not be employees of the Administrative Agent),
to conduct periodic field audits of the Borrower and its Subsidiaries and to review
its operations, books and records, credit policies, charge-off policies, collection
procedures, methodology for eligibility calculations, and other matters relating to
the value and maintenance of the Eligible Accounts and the Borrower’s financial
reporting. Field audits will be conducted semi-annually. Additional field audits
may be conducted at any time in the Administrative Agent’s reasonable exercise of
its sole discretion. The Borrower will pay all reasonable costs and expenses
actually incurred by the Administrative Agent in connection with each field audit;
provided, however, that prior to the occurrence of any Default or
Matured Default, the Borrower shall not be required to pay the costs of more than
two field audits per year.

     B. Section 5.2.4 of the Credit Agreement shall be amended and restated in its entirety to read
as follows:

     5.2.4 The Borrower will permit the Administrative Agent to order and obtain
desktop appraisals of the Borrower’s Rolling Stock (meaning appraisals of limited
scope whereby the appraiser estimates the value of the Rolling Stock from his or her
desk based on a current listing supplied to him or her, but without conducting a
physical inspection of the Rolling Stock). Each desk-top appraisal shall be
conducted by a qualified appraiser selected by the Administrative Agent and shall
set forth the appraiser’s estimate of the Net Orderly Liquidation Value of the
Borrower’s Rolling Stock. Desktop appraisals will be obtained semi-annually.
Additional desktop appraisals may be conducted at any time in the Administrative
Agent’s reasonable exercise of its sole discretion. The Borrower will pay all
reasonable costs and expenses actually incurred by the Administrative Agent in
connection with each desktop appraisal; provided, however, that prior to the

5

 

occurrence of any Default or Matured Default, the Borrower shall not be
required to pay the costs of more than two desktop appraisals per year.

5. AMENDMENT FEE. On the date of consummation of a Successful Stock Offering, the Borrower
shall pay an amendment fee to each Bank that is a party to this Amendment in an amount equal to
0.25% (25 basis point) of such Bank’s reduced Commitment as set forth on Schedule I hereto.

6. CONDITIONS PRECEDENT; POST-CLOSING CONDITIONS.

     A. This Amendment shall not become effective, or legally binding on the parties to the Credit
Agreement, and neither the Borrower not the Banks shall have any rights under this Amendment, until
(i) the Borrower shall have entered into definitive stock purchase agreements for the issuance and
sale of shares of its common stock which upon consummation would result in net proceeds to the
Borrower of more than $25,000,000 in the aggregate, and (ii) the Administrative Agent shall have
received each of the following documents:

     (a) a counterpart of this Amendment, duly executed by the Majority Banks, the Borrower
and SMF; and

     (b) a copy of that certain “First Amendment to Amended and Restated Master Shelf
Agreement” dated as of the date hereof and in the form annexed hereto (the “Prudential
Amendment”), duly executed by the Borrower, SMF and Prudential.

Notwithstanding the foregoing, it is expressly understood and agreed that the modifications to the
Credit Agreement set forth in Paragraphs 1, 2, 3 and 4 hereof shall become effective upon, and only
upon, (i) consummation of a Successful Stock Offering and (ii) payment of the amendment fees set
forth in Paragraph 5 hereof.

     B. Not later than 15 days after the execution and delivery of this Amendment, the Borrower
shall deliver to the Administrative Agent copies of the definitive stock purchase agreements for
the issuance and sale of shares of its common stock resulting in aggregate net proceeds to the
Borrower of more than $25,000,000.

     C. Not later than 15 days after consummation of a Successful Stock Offering, the Borrower
shall (i) prepay the principal and interest installments that would otherwise be due and payable
during 2010 on the Prudential Term Notes in the aggregate sum of $24,498,125, and (ii) pay to the
Administrative Agent the sum of $2,000,000, for the pro-rata benefit of all Banks, in partial
prepayment of and for application to the Letter of Credit fees that would otherwise be due and
payable during 2010 under Section 2.2.4 of the Credit Agreement (it being understood that any
remaining fees due under Section 2.2.4 of the Credit Agreement for 2010 will be paid during the
fourth quarter of 2010).

6

 

7. REPRESENTATIONS AND WARRANTIES.

     A. The Borrower confirms that all representations and warranties made by it in the Credit
Agreement are true and correct in all material respects and will be true and correct upon
consummation of a Successful Stock Offering, and all of such representations and warranties are
hereby remade and restated on the date hereof and on the date of consummation of a Successful Stock
Offering and shall survive the execution and delivery of this Amendment and consummation of a
Successful Stock Offering.

     B. The Borrower further represents and warrants that:

     (i) The Borrower is duly authorized and empowered to execute, deliver and perform this
Amendment and the Credit Agreement (as amended by this Amendment), and all action necessary
for such execution, delivery and performance has been duly and validly taken;

     (ii) This Amendment and the Credit Agreement (as amended by this Amendment) are valid
and legally binding obligations of the Borrower, enforceable in accordance with their
respective terms (subject to any applicable bankruptcy, insolvency or other laws affecting
the enforcement of creditors’ rights generally);

     (iii) The execution, delivery and performance by the Borrower of this Amendment do not
and will not (a) conflict with, or result in a breach of the terms, conditions or provisions
of, or constitute a default under, or result in any violation of any of its charter or
by-laws, or any material agreement to which it is a party or by which it is bound, or any
judgment, decree, order, writ, injunction, or law to which it is subject, (b) result in the
creation or imposition of any Lien on any Property of Borrower or any of its Subsidiaries
pursuant to the provisions of any mortgage, indenture, security agreement, contract,
undertaking or other agreement other than the Liens in favor of the Collateral Agent created
by the Collateral Documents, or (c) require any authorization, consent, license, approval or
authorization of or other action by, or notice or declaration to, or registration with, any
governmental authority, or, to the extent that any such consent or other action may be
required, it has been validly procured or duly taken; and

     (iv) All financial statements, balance sheets, income statements and financial data
which have been or are hereafter furnished to the Administrative Agent by the Borrower do,
and as to subsequent financial statements will, fairly represent Borrower’s financial
condition as of the dates for which the same are furnished, and will be complete insofar as
completeness may be necessary to give the Administrative Agent a true and accurate knowledge
of the subject matter. Since the date of the last such financial statements or other
financial data provided to the Administrative Agent, no material adverse change has occurred
in the operations or condition, financial or otherwise, of, nor, has the Borrower incurred,
any material liabilities or made any material investment or guarantees, direct or
contingent, in any single case or in the aggregate, which has not been disclosed to the
Administrative Agent.

7

 

8. REAFFIRMATION OF GUARANTY. SMF hereby ratifies, confirms, and acknowledges that its
obligations under the Restated Guaranty Agreement dated as of June 26, 2009 (the “Guaranty”), are
in full force and effect and that SMF continues to unconditionally and irrevocably, jointly and
severally, guarantee the full and punctual payment, when due, whether at stated maturity or earlier
by acceleration or otherwise, all of the Obligations. Nothing contained herein to the contrary
shall release, discharge, modify, change or affect the original liability of SMF under the
Guaranty. SMF hereby acknowledges that its execution and delivery of this Amendment does not
indicate or establish an approval or consent requirement by SMF in connection with the execution
and delivery of amendments to the Credit Agreement or any of the other Loan Documents.

9. CONSENT TO PRUDENTIAL AMENDMENT. The Administrative Agent and the undersigned Banks
hereby (i) acknowledge and consent to the execution, delivery and performance by the Borrower and
SMF of the Prudential Amendment, and (ii) acknowledge and consent, notwithstanding anything
contained in the Credit Agreement or the Intercreditor Agreement to the contrary, to the Borrower’s
prepaying the principal and interest installments that would otherwise be due and payable during
2010 on the Prudential Term Notes in the aggregate sum of $24,498,125.

10. MISCELLANEOUS.

     A. From and after the date of the consummation of a Successful Stock Offering, all references
to the Credit Agreement shall mean the Credit Agreement as modified by this Amendment. The Credit
Agreement, as amended, modified and supplemented by this Amendment upon the consummation of a
Successful Stock Offering, shall continue in full force and effect in accordance with its terms and
is hereby reaffirmed in every respect. To the extent that the terms of this Amendment are
inconsistent with the terms of the Credit Agreement, this Amendment shall control and the Credit
Agreement shall be amended, modified or supplemented so as to give full effect to the transactions
contemplated by this Amendment.

     B. The form of Officer’s Certificate annexed to this Amendment is hereby substituted for
Exhibit E to the Credit Agreement.

     C. The descriptive headings of the several paragraphs of this Amendment are inserted for
convenience only and shall not be used in the construction of the content of this Amendment.

     D. The Borrower agrees to pay all reasonable out-of-pocket expenses, including, without
limitation, attorney’s fees and expenses, incurred by the Administrative Agent in connection with
the negotiation and preparation of this Amendment (whether or not a Successful Stock Offering is
consummated).

     E. This Amendment shall be construed in accordance with the laws of the State of Oklahoma.

8

 

     F. This Amendment may be executed in multiple counterparts, each of which shall be deemed an
original hereof and all of which shall be but one and the same original instrument. Transmission
by facsimile or portable electronic format (pdf) of an executed counterpart of this Amendment by
any party shall be deemed to constitute due and sufficient delivery of such counterpart and such
facsimile or pdf shall be deemed to be an original counterpart of this Amendment.

     G. This Amendment shall not establish a course of dealing or be construed as evidence of any
willingness or commitment on the part of the Administrative Agent or of any Bank to agree to other
or future amendments to or modifications of the Credit Agreement.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.

SIGNATURES APPEAR ON FOLLOWING PAGES.]

9

 

     IN WITNESS WHEREOF, the Borrower and the undersigned Banks have caused this Amendment to be
duly executed in multiple counterparts, each of which shall be considered an original, on the date
first set forth above.

	 	 	 	 	 
	Borrower:        	SAIA, INC.

 	 
	 	By:  	/s/ James A. Darby
 	 
	 	 	James A. Darby, 	 
	 	 	Vice President — Finance

Chief Financial Officer and Secretary 	 
	 
	Guarantor:       	SAIA MOTOR FREIGHT LINE, LLC

 	 
	 	By:  	/s/ James A. Darby
 	 
	 	 	Name:  	James A. Darby 	 
	 	 	Title:  	Vice President — Finance
Chief Financial Officer and Secretary 	 
	 

Signature Page to First Amendment to Third

Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	BANK OF OKLAHOMA, NATIONAL ASSOCIATION, as a
Bank and as Administrative Agent 

 	 
	 	By:  	/s/ Daniel A. Hughes
 	 
	 	 	Daniel A. Hughes, Senior Vice President 	 
	 	 	 	 
	 

Signature Page to First Amendment to Third

Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Edward B. Hanson
 	 
	 	 	Name:  	Edward B. Hanson 	 
	 	 	Title:  	Assistant Vice President 	 
	 

Signature Page to First Amendment to Third

Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.

 	 
	 	By:  	/s/ Robert P. Carswell
 	 
	 	 	Robert P. Carswell, Senior Underwriter 	 
	 	 	 	 
	 

Signature Page to First Amendment to Third

Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	SUNTRUST BANK

 	 
	 	By 	 /s/ Tesha Winslow
 	 
	 	 	Tesha Winslow, Portfolio Manager 	 
	 	 	 
	 

Signature Page to First Amendment to Third

Amended and Restated Credit Agreement

 

 

Schedule I

BANKS’ COMMITMENTS

	 	 	 	 	 
	BANK	 	COMMITMENT
	BANK OF OKLAHOMA,
NATIONAL ASSOCIATION
	 	$	26,250,000	 
	U.S. BANK NATIONAL ASSOCIATION
	 	$	26,250,000	 
	JPMORGAN CHASE BANK, N.A.
	 	$	17,250,000	 
	BANK OF AMERICA, N.A.
	 	$	26,250,000	 
	SUNTRUST BANK
	 	$	24,000,000

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