Document:

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                                                                     EXHIBIT 4.1

                                    RESTATED
                                     BYLAWS
                                       OF
                       J.B. HUNT TRANSPORT SERVICES, INC.
                                JANUARY 23, 1997

                            ARTICLE I - SHAREHOLDERS

         1.1 PLACE OF SHAREHOLDERS MEETINGS. All meetings of the shareholders
shall be held at the principal office of the Corporation located at Lowell,
Arkansas unless the Board of Directors by resolution shall designate for the
purposes of such meeting that it be held at some other place, either within or
without this State, and include in the notice of such meeting a designation of
such place of the meeting. A shareholders meeting called by any person or group
other than the Board of Directors shall be held only at the principal office of
the Corporation.

         1.2 ANNUAL MEETING. A meeting of the shareholders shall be held each
year at such location and on such date and time as is designated by the Board of
Directors in the notice of such meeting for the purposes of receiving reports on
operation of the Corporation, election of members of the Board of Directors and
transacting such other business as may properly come before it. If a quorum is
not present at such meeting or the same has not been properly convened, the
Board of Directors or the Executive Committee may designate a subsequent date to
hold such annual meeting, if the same be not adjourned as otherwise authorized
in these bylaws. If additional matters are to be considered at such annual
meeting, the meeting for those purposes shall be deemed to be a special meeting
and notice accordingly given.

         1.3 SPECIAL MEETINGS. A special meeting of the shareholders may be
called by the Chairman of the Board, the President, the Secretary, the Board of
Directors or by the holders of not less than one-third (1/3) of all the shares
entitled to vote at the meeting.

         1.4 NOTICE OF MEETING. Prior to any meeting of the shareholders, a
written or printed notice stating the place, day and hour of the meeting, and,
in the case of a special meeting, the purpose or purposes for which the meeting
is called, shall be delivered, either personally or by mail, by or at the
direction of the Chairman of the Board, the President, the Secretary, the Board
of Directors or by the shareholder or shareholders calling the meeting, to each
shareholder of record entitled to vote at such meeting. Such notice shall be
given no less than sixty (60) days nor more than seventy-five (75) days before
the date of the meeting if a proposal to increase the authorized capital stock
or bonded indebtedness is to be submitted at such meeting and in all other cases
not less than ten (10) nor more than fifty (50) days before the date of the
meeting. If such notice is mailed, such notice shall be deemed to be delivered
when deposited in the United Stated mail addressed to the shareholder at his
address as it appears on the books of the Corporation with postage thereon
prepaid. Any shareholder may waive notice of any meeting by execution of a
written waiver and consent to such meeting and shall be deemed to have done so
by attendance at any shareholders meeting without raising an objection to any
defect of notice to such shareholder.

         1.5 QUORUM AND VOTING REQUIREMENTS. A majority of the shares entitled
to vote, represented in person or by proxy, at a meeting duly convened, shall
constitute a quorum for the purposes of conducting the business of the
Corporation at any shareholders meeting. The shareholders present at a duly
convened meeting can continue to do BUSINESS until adjournment, notwithstanding
the withdrawal of enough shareholders to leave less than a quorum. The

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J.B. HUNT TRANSPORT SERVICES, INC.
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JANUARY 23, 1997

affirmative vote of the majority of the shares represented at a meeting and
entitled to vote on the subject matter shall be the act of the shareholders
unless the vote of a greater number or voting by classes is required by law with
respect to such matter. Unless otherwise provided in the Articles of
Incorporation, or an amendment thereof, every shareholder of record shall be
entitled, at each meeting of the shareholders and upon each proposal presented
at such meeting, to one (1) vote for each share of stock standing in his name on
the books of the Corporation.

         1.6 ADJOURNMENT. In the absence of a quorum at the opening of any
meeting of the shareholders, or at the opening of any meeting at which a quorum
is present, the meeting may be adjourned by the vote of a majority of the shares
entitled to vote at the meeting which are represented at the meeting by the
shareholders thereof in person or by proxy. Any adjourned meeting may be
re-adjourned in a like manner. When any one adjournment is for thirty (30) days
or more, not less than a fifteen (15) day notice of the adjourned meeting shall
be given by mailing as provided in Section 1.4 hereof. When any one adjournment
is less than thirty (30) days, it shall not be necessary to give notice thereof
other than by announcement at the meeting in which the adjournment is taken.

         1.7 CLOSING TRANSFER BOOKS AND FIXING RECORD DATE. For the purpose of
determining shareholders entitled to notice of or a right to vote at any meeting
of shareholders or any adjournment thereof, entitled to receive payment of any
dividend, or in order to make a determination of shareholders for any proper
purpose, the Board of Directors of the Corporation may provide that the stock
transfer books shall be closed for a stated period not to exceed sixty-five (65)
days. If the stock transfer books are closed for the purpose of determining
shareholders entitled to notice of a right to vote at a meeting of shareholders,
such books shall be closed for at least ten (10) days immediately preceding such
meeting. In lieu of closing the stock transfer books, the Board of Directors may
fix in advance a date as the record date for such determination of shareholders,
such date in any case to be not more than sixty-five (65) days, and in case of a
meeting requiring such determination of shareholders, not less than ten (10)
days prior to the date on which the particular action, requiring such
determination of shareholders, is to be taken. When a determination of
shareholders entitled to vote at any meeting has been made as provided in this
Section, such determination shall apply to any adjournment thereof.

         1.8 ACTION WITHOUT MEETING. Any action required by law to be taken at a
meeting of shareholders, or any action which may be taken at a meeting of the
shareholders, may be taken without a meeting if a consent in writing, setting
forth the action so taken, shall be signed by all of the shareholders entitled
to vote with respect to the subject matter thereof, which shall have the same
force and effect as a unanimous vote of the shareholders and may be stated as
such in any articles or documents filed pursuant to law.

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J.B. HUNT TRANSPORT SERVICES, INC.
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JANUARY 23, 1997

                         ARTICLE II - BOARD OF DIRECTORS

         2.1 NUMBER, TERM AND QUALIFICATIONS. The number of directors which
shall constitute the whole board shall be not less than three (3) and not more
than twelve (12), and shall be determined by the Board of Directors. Only
persons who shall accept such position and agree to perform the duties incumbent
upon them as provided by these Bylaws and the laws of this State, who need not
be shareholders of the Corporation, shall serve as directors. No person shall
serve as a director unless he shall have attained a majority under the laws of
this State. So long as the number of directors which shall constitute the Board
of Directors shall be nine (9) or more, and unless modified by the Board of
Directors, the Board of Directors shall be divided into three (3) classes, with
each class consisting of a minimum of three (3) directors. To stagger the
election of the three classes of directors, the Board shall select three or more
directors to serve for an initial one-year term, three or more directors to
serve for an initial two-year term, and three or more directors to serve for a
three-year term. Thereafter, each class of directors shall be elected for a
three-year term and each new director shall be elected with a class of
directors. To the extent possible, the Board of Directors shall maintain an
equal distribution of directors among the three classes of directors.

         2.2 GENERAL AND SPECIAL POWERS. The business and affairs of the
Corporation shall be managed by the Board of Directors. The Directors shall be
authorized jointly to take any and all action and to exercise any power not
reserved to the shareholders, on behalf of the Corporation which the Corporation
is authorized or empowered to do, which is not otherwise expressly prohibited by
the Articles of Incorporation or the Bylaws of the Corporation or the laws of
this State.

         2.3 ANNUAL AND REGULAR MEETING. The Board of Directors shall meet
annually, immediately following the Annual Shareholders Meeting, for the purpose
of electing officers of the Corporation and transacting other general business
affairs of the Corporation related thereto. The Annual Board Meeting shall be
deemed to be a Regular Board Meeting. In addition to the Annual Board Meeting,
the Board of Directors shall hold regular meetings at such time(s) and place(s)
as it may designate from time to time. Neither the business to be transacted at,
nor the purpose of, any regular meeting of the Board of Directors need to be
specified in any notice in the event a notice is given of a regular meeting,
unless such is otherwise expressly provided for these Bylaws, the Articles of
Incorporation of the Corporation or the laws of this State.

         2.4 SPECIAL MEETING. A special meeting of the Board of Directors may be
held at any time or place upon written call thereof by the Chairman of the
Board, President, Secretary or a majority of the Board of Director members.
Notice of any special meeting of the Board of Directors shall be given as
provided hereinafter.

         2.5 NOTICE OF SPECIAL MEETING. Written or telegraphic notice of special
meetings of the Board of Directors shall be given to each director, provided,
that if written notice shall be given, then such written notice shall be given
to each director at least three (3) days before the date of the meeting, or if
telegraphic notice is given, then such telegraphic notice shall be given at
least two (2) days before the date of the meeting. The business to be transacted
at, or the purpose of any meeting of the Board of Directors shall be specified
in the notice of such meeting. All notices to directors shall be in writing, and
delivered personally or mailed to the directors at their addresses appearing on
the books of the Corporation. Notice by mail shall be deemed to be given

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J.B. HUNT TRANSPORT SERVICES, INC.
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JANUARY 23, 1997

at the time when same shall be mailed. Notice to directors given by telegram
shall be defined to be given at the time it is delivered to the sending
telegraph office for transmittal. Any director shall conclusively be deemed to
have received proper notice of any Board meeting by his attendance thereat
without raising any objections to any defect of notice to such director at such
meeting.

         2.6 INFORMATION ACTION OF THE BOARD OF DIRECTORS. Action taken by a
majority of the Board of Directors without a meeting shall be valid with respect
to any corporate matter as the action of the Board of Directors if, either
before or after such action is taken, all members of the Board of Directors sign
and file with the Secretary of the Corporation for inclusion in the minute book,
a memorandum showing the nature of the action taken and their written consent to
the Board acting informally with respect to such matter, and such written
consent shall show whether or not such director approves the action to be taken
by the Board so that the Secretary shall note in the minutes of the Corporation
the names of those directors approving the action of the Board and the names of
those opposing it.

         2.7 REMOVAL OF DIRECTORS AND VACANCIES. Directors may be removed from
office only by vote of the shareholders at a meeting called expressly for that
purpose and then only in conformity with applicable provisions of law. A vacancy
on the Board of Directors shall exist when a director dies or resigns or is
removed by the shareholders or by virtue of newly created directorship(s)
resulting from any increase in the specified number of directors. Any vacancy
(other than a vacancy occurring through shareholders' action in removing a
director which shall be filled by vote of the shareholders) occurring in the
Board of Directors may be filled by the affirmative vote of a majority of the
remaining directors through less than a quorum of the Board. Directors so chosen
shall hold office until the next Annual Meeting of Shareholders and until their
successors are duly elected and qualified.

         2.8 QUORUM AND VOTING. A majority of the total number of Directors
shall constitute a quorum for the transaction of business. The act of a majority
of the directors present at any meeting at which a quorum is present shall be
the act of the Board of Directors.

                  ARTICLE III - EXECUTIVE AND OTHER COMMITTEES

         3.1 CREATION OF EXECUTIVE AND OTHER COMMITTEES. The Board of Directors
may create from its membership, an Executive Committee, to consist of not less
than three (3) directors which shall be authorized to exercise all authority of
the Board of Directors in the intervals between the meetings of the Board of
Directors with respect to the business affairs of the Corporation. Such
Executive Committee shall be subject to the control and direction of the Board
of Directors and shall serve at the pleasure of the Board of Directors. The
Board of Directors may otherwise create such additional committees with general
or limited authority as designated from time to time by the Board, which shall
likewise serve as the pleasure of the Board.

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JANUARY 23, 1997

         3.2 LIMITATIONS ON ACTIONS AND EFFECT THEREOF. The Executive Committee
shall not be authorized to take any action other than ordinary business affairs
of the Corporation and may not be authorized to conduct any action specifically
prohibited by applicable laws of this State. Otherwise, an act or authorization
by the Executive Committee within the authority lawfully delegated to it shall
be the act or authorization of the Board of Directors for all legal purposes,
provided, however, that such action shall not operate to relieve the Board of
Directors of any responsibility imposed upon it by law.

         3.3 ACTION BY EXECUTIVE COMMITTEE. The Executive Committee may act by a
majority of its members, at a meeting or informally without a meeting provided
all members consent to such informal action.

                              ARTICLE IV - OFFICERS

         4.1 POSITIONS AUTHORIZED. The officers of the Corporation shall consist
of a Chairman of the Board, if one be chosen and designated to act by the Board
of Directors, a President (who shall be a member of the Board), one or more Vice
Presidents (with such additional designates of title, if any, and duties as
provided by resolution of the Board), a Secretary, a Treasurer, and one or more
Assistant Secretaries and Assistant Treasurers, and such further officers as the
Board of Directors or the Executive Committee may from time to time designate.
Any two or more offices may be held by the same person, except the offices of
President and Secretary or Assistant Secretary, provided, however, in case the
Corporation has only one shareholder, any two or more offices may be held by the
same person, so long as the Corporation shall have only one shareholder. The
Board may designate a general counsel but such person or firm shall not be
deemed to be an officer of the Corporation.

         4.2 METHOD OF SELECTION. The Chairman of the Board (if one be chosen
and designated to act), President, Vice President, Secretary and Treasurer shall
be elected annually by a majority vote of the Board of Directors present at a
duly convened Annual Meeting of the Board of Directors or at any meeting duly
convened thereafter, who shall serve until the next Annual Meeting of the Board
of Directors or until each such officer's successor shall be elected and
qualified. Any other officer, assistant officer or agent of the Corporation may
be elected, appointed or otherwise chosen in such manner as deemed appropriate,
from time to time, by the Board of Directors or Executive Committee. The Board
of Directors may, from time to time, prescribe the duties incumbent upon any
officer by resolution, provided the same is not inconsistent with these Bylaws.

         4.3 REMOVAL OF OFFICERS. Any officer may be removed by the Board of
Directors whenever in its judgment the best interests of the Corporation will be
served thereby, but such removal shall be without prejudice to the contract
rights, if any, of such person so removed. Election or appointment of an officer
or agent shall not of itself create any contractual rights. A majority vote of
the entire Board of Directors shall be necessary to remove any officer of the
Corporation holding the position of Chairman of the Board, President, Secretary,
or Treasurer, but any other officer may be removed by a majority vote of the
members of the Board of Directors present at any duly convened meeting or by
action of the Executive Committee.

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J.B. HUNT TRANSPORT SERVICES, INC.
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JANUARY 23, 1997

         4.4 SALARIES. The salaries of the officers of the Corporation shall be
fixed from time to time by the Board of Directors. No officer shall be prevented
from receiving such salary by reason of the fact that he is also a director of
the Corporation. Any payments made to any officer of the Corporation such as
salary, commission, bonus, interest, or rent or entertainment expense incurred
by him, which shall be disallowed in whole or in part as a deductible expense by
the Internal Revenue Service, shall be reimbursed by such officer to the
Corporation to the full extent of such disallowance. It shall be the duty of the
Board of Directors to enforce payment of each amount disallowed. In lieu of
payment by the officer, subject to the determination of the Board of Directors,
proportionate amounts may be withheld from future compensation payments due such
officer until any amount owed to the Corporation by such office has been
recovered.

         4.5 SURETY BONDS. In case the Board of Directors shall so require, any
officer or agent of the Corporation shall execute to the Corporation a bond in
such sum and with such surety or sureties as the Board of Directors may direct,
conditioned upon the faithful discharge of his duties.

         4.6 CHAIRMAN OF THE BOARD. The Chairman of the Board, if one be chosen
and designated to act, shall be the Chief Executive Officer of the Corporation
and shall preside at all meetings of the Board of Directors, Executive Committee
and shareholders.

         4.7 PRESIDENT. The President, subject to the superior authority of the
Chairman of the Board if one be chosen and designated to act, and subject to the
direction of the Board of Directors, shall have general charge of the business,
affairs, and property of the Corporation, and general supervision over its
officers and agents. In the absence of the Chairman of the Board, he shall
preside at meetings of the Board of Directors, Executive Committee and
shareholders, and he shall see that all orders and resolutions of the Board of
Directors and the Executive Committee are carried into effect. He may sign, with
any other officer thereunto duly authorized, certificates of shares of the
Corporation, the issuance of which shall have been duly authorized, and may sign
and execute in the name of the Corporation, deeds, mortgages, bonds, contracts,
agreements and other instruments duly authorized by the Board of Directors,
except in cases where the signing and execution thereof shall be expressly
delegated by the Board of Directors, to some other officer or agent. From time
to time he shall report to the Chairman of the Board if one be chosen and
designated to act, and to the Executive Committee, all matters within his
knowledge which the interests of the Corporation may require to be brought to
their attention. He shall also perform such other duties as are given to him by
these Bylaws or as from time to time may be assigned to him by the Board of
Directors, or by the Chairman of the Board if one be chosen and designated to
act.

         4.8 VICE PRESIDENTS. Each of the Vice Presidents shall have such powers
and do and perform such acts as from time to time may be designated or required
by the Board

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J.B. HUNT TRANSPORT SERVICES, INC.
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JANUARY 23, 1997

of Directors, the Executive Committee, the Chairman of the Board or the
President, acting under such titles as may be designated to each of them by the
Board of Directors or the Executive Committee, and may, in the absence of the
President, take any action otherwise authorized to be performed by the
President.

         4.9  SECRETARY.  The Secretary shall:

                  (a) Record all the proceedings of the meetings of the
         shareholders, Board of Directors and Executive Committee in a book or
         books to be kept for the purpose;

                  (b) Cause all notices to be duly given in accordance with the
         provisions of these Bylaws and as required by law;

                  (c) Whenever any committee shall be appointed in pursuance of
         a resolution of the Board of Directors, furnish the Chairman of such
         committee with a copy of such resolution;

                  (d) Be custodian of the records and of the seal of the
         Corporation and cause such seal to be affixed to all instruments, the
         execution of which on behalf of the Corporation under its seal shall
         have been duly authorized;

                  (e) See that the lists, books, reports, statements,
         certificates, and other documents and records required by law and as
         requested by the Board of Directors are properly kept and filed;

                  (f) Have charge of the stock books of the Corporation and
         cause the stock and transfer books to be kept in such manner as to show
         at any time the amount of shares of the Corporation issued and
         outstanding, the names alphabetically arranged, and the addresses of
         the shareholders of record thereof, the number of shares held by each,
         and the date when each became such holder of record; and

                  (g) In general, perform all duties incident to the office of
         Secretary and such other duties as are given to him by these Bylaws or
         as from time to time may be assigned to him by the Board of Directors,
         the Executive Committee, the Chairman of the Board, or the President.

         4.10 ASSISTANT SECRETARY. At the request of the Secretary or in his
absence or disability, the Assistant Secretary shall have all the powers of and
be subject to all restrictions upon the Secretary. The Assistant Secretary shall
perform such other duties as from time to time may be assigned to him
respectively by the Board of Directors, the Executive Committee, the Chairman of
the Board, the President, or the Secretary.

         4.11 ASSISTANT TO THE SECRETARY. The secretary may, with the consent of
the members of the Board of Directors, select an Assistant to the Secretary, who
shall be authorized to perform such duties of the Secretary as may, from time to
time, be delegated to such person by the Secretary, but such person (if
selected) shall not be deemed to be an officer of the Corporation.

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J.B. HUNT TRANSPORT SERVICES, INC.
RESTATED BYLAWS
JANUARY 23, 1997

         4.12 TREASURER. The Treasurer shall:

                  (a) Have charge of and supervision over and be responsible for
         the funds, securities, receipts and disbursements of the Corporation;

                  (b) Cause the monies and other valuable effects of the
         Corporation to be deposited in the name and to the credit of the
         Corporation in such banks or trust companies or with such bankers or
         other depositories as shall be selected by the Board of Directors, or
         to be otherwise dealt with in such manner as the Board of Directors may
         direct;

                  (c) Cause the funds of the Corporation to be discharged by
         checks or drafts upon the authorized depositories of the Corporation,
         same to be drawn in the manner and by the officers as may be determined
         from time to time by the Board of Directors or the Executive Committee,
         and cause to be taken and preserved proper vouchers for all money
         disbursed;

                  (d) Render to the Board of Directors, the Executive Committee,
         the Chairman of the Board, or the President, whenever requested, a
         statement of the financial condition of the Corporation and of all his
         transactions as Treasurer.

                  (e) Cause to be kept at the principal office of the
         Corporation correct books of account of all its business and
         transactions, and exhibit such books to any director or other person
         authorized by the Board of Directors or by law to inspect the same upon
         application at such office during business hours; and,

                  (f) In general, perform all duties incident to the office of
         Treasurer and such other duties as are given to him by these Bylaws or
         as from time to time may be assigned to him by the Board of Directors,
         the Executive Committee, the Chairman of the Board, or the President.

         4.13 ASSISTANT TREASURER. At the request of the Treasurer or in his
absence or disability, the Assistant Treasurer shall perform all duties of the
Treasurer, and when so acting, shall have all powers of and be subject to all
restrictions upon the Treasurer. The Assistant Treasurer shall perform such
other duties as from time to time may be assigned to him by the Board of
Directors, the Executive Committee, the Chairman of the Board, the President, or
the Treasurer.

         4.14 ASSISTANT TO THE TREASURER. The Treasurer may, with the consent of
the members of the Board of Directors, select an Assistant to the Treasurer, who
shall be authorized to perform such duties of the Treasurer as may, from time to
time, be delegated to such person by the Treasurer, but such person (if
selected) shall not be deemed to be an officer of the Corporation.

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JANUARY 23, 1997

              ARTICLE V - INDEMNIFICATION OF OFFICERS AND DIRECTORS

         5.1 INDEMNIFICATION.

                  (a) When authorized in accordance with Section 5.1(c) hereof,
the Corporation shall indemnify any person who was or is a party or threatened
to be made party to any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative (other than
an action by or in the right of the Corporation) by reason of the fact that such
person is or was a director or officer of the Corporation, or is or was serving
at the request of the Corporation as a director or officer, of another
corporation, partnership, joint venture, trust or other enterprise, against
expenses (including attorneys' fees), judgments, fines and amounts paid in
settlement actually and reasonable incurred by such person in connection with
such action, suit or proceeding, if such person acted in good faith and in a
manner which such person reasonably believed to be in or not opposed to the best
interest of the Corporation, and, with respect to any criminal action or
proceeding, had no reasonable cause to believe such conduct was unlawful. The
termination of any action, suit or proceeding by judgment, order, settlement,
conviction, or upon a plea of nolo contendere or its equivalent, shall not, of
itself, create a presumption that the person did not act in good faith and in a
manner which such person reasonably believed to be in or not opposed to the best
interest of the Corporation, nor, with respect to any criminal action or
proceeding, that the person had reasonably cause to believe that such conduct
was unlawful.

         (b) When authorized in accordance with Section 5.1(c) hereof, the
Corporation shall indemnify any person who was or is a party or is threatened to
be made a party to any threatened, pending or completed action or suit by or in
the right of the Corporation to procure a judgment in its favor by reason of the
fact that such person is or was a director or officer of the Corporation, or is
or was serving at the request of the Corporation as a director or officer of
another corporation, partnership, joint venture, trust or other enterprise
against expenses (including attorneys' fees) actually and reasonably incurred by
such person in connection with the defense or settlement of such action or suit,
if such person acted in good faith and in a manner which such person reasonably
believed to be in or not opposed to the best interest of the Corporation; except
that no indemnification shall be made in respect of any claim, issue or matter
as to which such person shall have been adjudged to be liable for negligence or
misconduct in the performance of such person's duty to the Corporation unless
and only to the extent that the court in which such action or suit was brought
shall determine upon application that, despite the adjudication of liability but
in view of all circumstances of the case, such person is fairly and reasonably
entitled to indemnity for such expenses which such court shall deem proper.

         (c) Any indemnification under Section 5.1(a) or (b) hereof (unless
ordered by the court) shall be made by the Corporation only as authorized in a
specific case upon a determination that indemnification of the director or
officer is proper in the circumstances because such person has met the
applicable standards of conduct set forth in Section 5.1(a) or (b) hereof. Such
determination shall be made:

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                           1. By the Board of Directors, by a majority vote of a
                  quorum consisting of directors who were not parties to such
                  action, suit or proceedings; or

                           2. If such a quorum is not obtainable, or, even if
                  obtainable, if a quorum of disinterested directors so directs,
                  by independent legal counsel in a written opinion; or

                           3. By the shareholders of the Corporation.

                  (d) To the extent that such a director or officer has been
         successful on the merits or otherwise in defense of any action, suit or
         proceeding referred to in Sections 5.1(a) or (b), or in defense of any
         claim, issue or matter therein, such person shall be indemnified by the
         Corporation against expenses (including attorneys' fees) actually and
         reasonably incurred by such person in connection therewith.

                  (e) Expenses (including attorneys' fees) incurred in defending
         a civil or criminal action, suit or proceedings may be paid by the
         Corporation in advance of the final disposition of such action, suit or
         proceeding, as authorized in the manner provided in Section 5.1(c),
         upon receipt of an undertaking by or on behalf of the director or
         officer to repay such amount, unless it shall ultimately be determined
         that such person is entitled to be indemnified by the Corporation as
         authorized in this Section 5.1.

                  (f) The indemnification provided by this Section 5.1 shall
         continue as to a person who has ceased to be a director or officer and
         shall insure to the benefit of the heirs, executors and administrators
         of such person.

                  (g) The powers and duties of the Corporation to indemnify any
         person under this section shall apply with equal force whether an
         action, suit, or proceedings is threatened or commenced in the state of
         incorporation or outside the state.

         5.2 FURTHER INDEMNIFICATION. If now or hereafter the laws of this State
shall so permit, any director or officer of the Corporation who is then serving
or who has theretofore served in such capacity shall further be entitled to all
additional indemnification or reimbursement from the Corporation to the full
extent permitted by applicable laws, for his damages and so much of his expenses
of defense, including attorneys' fees, which are actually incurred in the
defense of any suit or action, criminal or civil, seeking to establish such
officer's or director's liability arising out of his alleged dereliction of duty
to the Corporation.

         5.3 PROCEDURE. Any officer or director seeking indemnification
hereunder shall follow such prescribed procedures as the Board of Directors of
the Corporation and applicable laws shall require.

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                           ARTICLE VI - CAPITAL STOCK

         6.1 CERTIFICATES OF SHARES. The shares of the Corporation shall be
represented by certificates, numbered and with the seal of the Corporation
affixed (or a facsimile thereof), signed by the President or a Vice President
and the Secretary or an Assistant Secretary. If such certificate is
countersigned by a transfer agent or registered by a registrar, other than the
Corporation itself or an employee of the Corporation, the signature of the
Corporation's officers may be facsimiles.

         6.2 LOST CERTIFICATES. The Board of Directors may direct a new
certificate or certificates to be issued in place of any certificate or
certificates theretofore issued by the Corporation alleged to have been lost or
destroyed, upon the making of an affidavit of that fact by the person claiming
the certificate of shares to be lost or destroyed. When authorizing such issue
of a new certificate or certificates, the Board of Directors may, in its
discretion and as a condition precedent to the issuance thereof, prescribe such
terms and conditions as it deems expedient and may require such indemnities as
it deems adequate to protect the Corporation from and against any claim that may
be made against it with respect to the certificate alleged to have been lost or
destroyed.

         6.3 TRANSFER OF SHARES. The shares of the Corporation shall be
transferable only upon its books by the holders thereof in person or by their
duly authorized attorneys or legal representatives. Subject to valid transfer
restrictions and to stop transfer orders directed in good faith by the
Corporation to any transfer agent to prevent possible violations of federal or
state securities laws, rules or regulations, upon surrender to the Corporation
of the old certificates by the delivery thereof to the person in charge of the
stock and transfer books and ledgers, or to such other person as the directors
may designate, the old certificates shall be canceled, and new certificates
shall thereupon be issued. A record shall be made of each transfer. Transfers of
shares shall be by appropriate endorsement as provided by applicable laws.

                         ARTICLE VII - PREEMPTIVE RIGHTS

         7.1 STATUS OF PREEMPTIVE RIGHTS OF SHAREHOLDERS. Shareholders of the
Corporation shall not have any preemptive rights to subscribe for or purchase
any of the Corporation's unissued or treasury shares.

                          ARTICLE VIII - CORPORATE SEAL

         8.1 CORPORATION TO USE SEAL. The Corporation shall have a seal bearing
the name of the Corporation which shall be in the form affixed to the
Certificate of Adoption of these Bylaws attached hereto.

         8.2 USE OF SEAL. The seal of the Corporation may be affixed to any
official documents of the Corporation.

<PAGE>

J.B. HUNT TRANSPORT SERVICES, INC.
RESTATED BYLAWS
JANUARY 23, 1997

                      ARTICLE IX - MISCELLANEOUS PROVISIONS

         9.1 CHECKS, DRAFTS, NOTES. All checks, drafts or other orders for the
payment of money, notes or other evidence of indebtedness issued in the name of
the Corporation, shall be signed by such officer or officers, agent or agents of
the Corporation, and in such manner as shall, from time to time, be determined
by resolution of the Board of Directors.

         9.2 NOTICE AND WAIVER OF NOTICE. Whenever any notice required by these
Bylaws is to be given, personal notice is not meant unless expressly so stated;
and any notice so required shall be deemed to be sufficient if given by
depositing the same in a post office in a sealed, prepaid wrapper, addressed to
the person entitled thereto at his last known address, and such notice shall be
deemed to have been given on the day of such mailing. Any notice required to be
given by these Bylaws may be waived by the person entitled to receive notice of
any meeting except as otherwise provided by law.

                      ARTICLE X - METHOD OF AMENDING BYLAWS

         10.1 AMENDMENT. The Board of Directors, by the affirmative vote of a
majority of the authorized membership of the Board of Directors of the
Corporation, may at any meeting, provided the substance of the proposed
amendment shall have been stated in the notice of the meeting, amend or alter,
repeal, or change any of these Bylaws without any action on the part of the
shareholders.

                             CERTIFICATE OF ADOPTION

         The foregoing Bylaws of the Corporation have been adopted this 23rd day
of January, 1997, by action of the Board of Directors of the Corporation
pursuant to the laws of this State.

         IN TESTIMONY THEREOF, witness the hand of the undersigned as Secretary
of the Corporation on such date.

                                      /s/ Johnelle Hunt
                                      -----------------
                                          Johnelle Hunt
                                          Secretary

(SEAL)

APPROVED:

/s/      Wayne Garrison
-----------------------
         Wayne Garrison
         Chairman<PAGE>
                                                                    EXHIBIT 10.2

                       REDLINE PERFORMANCE PRODUCTS, INC.
                           FIRST AMENDED AND RESTATED
                  2001 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN

         1.) Definitions. As used in this Plan, the following terms have the
following meanings:

         (a) "Administrator" means the Board of Directors.

         (b) "Affiliate" means a "parent" or "subsidiary" corporation, as
         defined in Sections 425(e) and 425(f), respectively, of the Code.

         (c) "Board" means the Board of Directors of the Company.

         (d) "Code" means the Internal Revenue Code of 1986, as amended from
         time to time.

         (e) "Common Stock" means the common stock, $0.01 par value per share,
         of the Company, or any successor class or series of voting Common Stock
         of the Company.

         (f) "Company" means Redline Performance Products, Inc., a Minnesota
         corporation.

         (g) "Director" means a member of the Board.

         (h) "Effective Date" means the date on which the Plan was originally
         adopted by the Board.

         (i) "Eligible Director" means a Director who is not also an employee of
         the Company or of an Affiliate. A person shall not be an Eligible
         Director if the Company is contractually obligated to include such
         person on the Board of Directors.

         (j) "Exchange Act" means the Securities Exchange Act of 1934, as
         amended.

         (k) "Grant Date" means the date on which an Option is granted.

         (l) "Option" means an option to purchase Common Stock under the Plan.
         All Options granted under this Plan are Non-Qualified Options to
         purchase Common Stock and are not intended to qualify under Section 422
         of the Internal Review Code of 1986, as amended.

         (m) "Option Agreement" means a written agreement evidencing an Option,
         in a form satisfactory to the Company, duly executed on behalf of the
         Company and delivered to and executed by an Optionee.

         (n) "Option Stock" means shares of Common Stock issued or issuable upon
         exercise of an Option.
<PAGE>
         (o) "Optionee" means an Eligible Director who has been granted an
         Option.

         (p) "Optionee Termination Date" means the date on which an Optionee
         ceases to be a Director of the Company.

         (q) "Plan" means the First Amended and Restated Redline Performance
         Products, Inc. Non-Employee Director Stock Option Plan.

         (r) "Securities Act" means the Securities Act of 1933, as amended.

         2.) Purposes of the Plan. The purposes of the Plan are to attract and
retain highly qualified Directors and to provide equity-based incentive to
Eligible Directors by aligning their interests with those of the shareholders of
the Company.

         3.) Common Stock Subject to the Plan. The maximum number of shares of
Common Stock available for issuance under the Plan is Two Hundred Fifty Thousand
(250,000). The shares of Common Stock covered by the portion of any Option that
expires or otherwise terminates unexercised under this Plan shall become
available again for grant. The number of shares of Common Stock covered by
Options is subject to adjustment in accordance with Section 5(a) of the Plan.

         4.) Administration. The Administrator shall have the authority to grant
Options under this Plan, and to determine all other matters relating to this
Plan. The Administrator may delegate ministerial duties to such employees of the
Company as it deems proper. All questions of interpretations, implementation and
application of this Plan shall be determined by the Administrator, and such
determinations shall be final and binding on all persons.

         5.) Adjustments.

         (a) Adjustments. In the event that the Common Stock is changed into or
         exchanged for a different number or kind of shares or other securities
         of the Company or of another corporation by reason of any
         reorganization, merger, consolidation, recapitalization,
         reclassification, Common Stock split-up, combination of shares or
         dividends payable in capital Common Stock, appropriate adjustments
         shall be made in the number and kind of shares as to which Options may
         be granted under the Plan and as to which outstanding Options or
         portions thereof then unexercised shall be exercisable, to the end that
         the proportionate interest of the participant shall be maintained as
         before the occurrence of such event. Such adjustment in outstanding
         Options shall be made without change in the total price applicable to
         the unexercised portion of such Options and with a corresponding
         adjustment in the Option price per share and number of shares of Option
         Stock. No such adjustment shall be made which shall, within the meaning
         of any applicable sections of the Code, constitute a modification,
         extension or renewal of an Option or a grant of additional benefits to
         an Optionee.

         (b) Replacement Securities. If the Company is a party to a merger,
         consolidation, reorganization or similar corporate transaction and if,
         as a result of that transaction, the Company's Common Stock is
         exchanged for: (i) other securities of the Company or (ii)

                                       2
<PAGE>
         securities of another corporation which has assumed the outstanding
         Options under the Plan or has substituted for such Options its own
         options, then each Optionee shall be entitled (subject to the
         conditions stated herein or in such substituted Options, if any), in
         respect of that Optionee's Options, to purchase that amount of such
         other securities of the Company or of such other corporation as is
         sufficient to ensure that the value of the Optionee's Options
         immediately before the corporate transaction is equivalent to the value
         of such Options immediately after the transaction, taking into account
         the price of the Option before such transaction, the Fair Market Value
         per Share, as hereinafter defined, of the Common Stock immediately
         before such transaction and the Fair Market Value immediately after the
         transaction, of the securities then subject to that Option (or to the
         option substituted for that Option, if any). Upon the happening of any
         such corporate transaction, the class and aggregate number of shares
         subject to the Plan which have been heretofore or may be hereafter
         granted under the Plan shall be appropriately adjusted to reflect the
         events specified in this Subsection.

         6.) Change in Control.

         (a) Change in Control. For purposes of this Section 6, a "Change in
         Control" of the Company will mean (i) the sale, lease, exchange or
         other transfer of substantially all of the assets of the Company (in
         one transaction or in a series of related transactions) to a person or
         entity that is not controlled, directly or indirectly, by the Company,
         (ii) a merger or consolidation to which the Company is a party if the
         shareholders of the Company immediately prior to effective date of such
         merger or consolidation do not have "beneficial ownership" (as defined
         in Rule 13d-3 under the Exchange Act) immediately following the
         effective date of such merger or consolidation of more than 50% of the
         combined voting power of the surviving corporation's outstanding
         securities ordinarily having the right to vote at elections of
         directors, or (iii) a change in control of the Company of a nature that
         would be required to be reported pursuant to Section 13 or 15(d) of the
         Exchange Act, whether or not the Company is then subject to such
         reporting requirements.

         (b) Acceleration of Vesting. Without limiting the authority of the
         Administrator under the Plan, if a Change in Control of the Company
         occurs, then, if approved by the Administrator in its sole discretion
         either in an agreement evidencing an Option grant at the time of grant
         or at any time after the grant of an Option, all such Options will
         become immediately exercisable in full and will remain exercisable in
         accordance with the terms of the Plan.

         (c) Cash Payment for Options. If a Change in Control of the Company
         occurs, then the Administrator in its sole discretion either in an
         agreement evidencing an Option grant at the time of grant or any time
         after the grant of an Option, and without the consent of any Option
         recipient effected thereby, may determine that some or all recipients
         holding outstanding Options will receive, with respect to and in lieu
         of some or all of the Option Stock, as of the effective date of any
         such Change in Control of the Company, cash in an amount equal to the
         excess of the Fair Market Value of the Common Stock, as defined in
         Section 9 hereof, either immediately prior to the effective date of
         such Change in Control

                                       3
<PAGE>
         of the Company or, if greater, determined on the basis of the amount
         paid as consideration by the other party(ies) to the Change in Control
         transaction, over the exercise price per share of such Options.

         (d) Limitation on Change in Control Payments. Notwithstanding anything
         in Sections 6(b) or (c) of the Plan to the contrary, if the Company is
         then subject to the provisions of Section 280G of the Code, and if the
         acceleration of the vesting of an Option as provided in Section 6(b) or
         the payment of cash in exchange for all or part of an Option as
         provided in Section 6(c) (which acceleration or payment could be deemed
         a "payment" within the meaning of Section 28OG(b)(2) of the Code),
         together with any other payments which such Optionee has the right to
         receive from the Company would constitute a "parachute payment" (as
         defined in Section 28OG(b)(2) of the Code), then the payments to such
         Optionee pursuant to Sections 6(b) or (c) will be reduced to the
         largest amount as will result in no portion of such payments being
         subject to the excise tax imposed by Section 4999 of the Code;
         provided, however, that if such Optionee is subject to a separate
         agreement with the Company which specifically provides that payments
         attributable to one or more forms of employee stock incentives or to
         payments made in lieu of employee stock incentives will not reduce any
         other payments under such agreement, even if it would constitute an
         excess parachute payment, then the limitations of this Subsection (d)
         will, to that extent, not apply.

         7.) Terms and Conditions of Options.

         (a) Grant of Option. Options shall be granted to Eligible Directors
         pursuant to this Plan as follows:

                  (1)      Each Eligible Director shall be automatically granted
                           an Option to purchase 30,000 shares of Option Stock
                           (the "Initial Grant") on the date on which such
                           person first becomes a Director, whether through
                           election by the shareholders of the Company or
                           appointment by the Board of Directors. With respect
                           to Directors who are Eligible Directors as of the
                           Effective Date, an Initial Grant to each such
                           Eligible Director shall be effective as of the
                           Effective Date. The Administrator may, at its sole
                           discretion, increase or decrease the number of shares
                           of Option Stock granted in an Initial Grant.

                  (2)      Each Eligible Director shall be automatically
                           granted, on the date of each annual meeting of the
                           Company's shareholders, an Option to purchase 5,000
                           shares of Option Stock (the "Annual Grant"), provided
                           that an Eligible Director who has not been an
                           Eligible Director since the previous annual meeting
                           of the Company's shareholders shall not be granted an
                           Option under this Subsection. The Administrator may,
                           at its sole discretion, increase or decrease the
                           number of shares of Option Stock granted in an Annual
                           Grant.

                                       4
<PAGE>
         (b) Exercise Price. The exercise price of an Option shall be 100% of
         the Fair Market Value of the Common Stock, as defined in Section 9
         hereof, on the Grant Date.

         (c) Option Term. Each Option granted under this Plan shall expire ten
         (10) years from the Grant Date. If an Eligible Director ceases to serve
         as a Director for any reason other than as the result of removal by the
         Board, such person may, but only within five (5) years of such person's
         Optionee Termination Date, exercise such person's Option to the extent
         that such Option had vested and become exercisable on the Optionee
         Termination Date, provided, that in no event may an Option be exercised
         more than ten (10) years from the Grant Date. If an Eligible Director
         ceases to serve as a Director as the result of removal or termination
         by or resignation from, the Board, all Options held by such person,
         whether or not such Options have vested and become exercisable, shall
         immediately terminate on the Optionee Termination Date.

         (d) Vesting. Options granted under the Plan shall vest and become
         exercisable with respect to 25% of such Option Stock on the Grant Date,
         with respect to an additional 25% on the date twelve (12) months after
         the Grant Date, with respect to an additional 25% on the date
         twenty-four (24) months after the Grant Date, and with respect to the
         final 25% on the date thirty-six (36) months after the Grant Date.

         (e) An Option shall vest and become exercisable only if the Optionee is
         a Director on the vesting date.

         (f) Exercise

                  (1)      At the time written notice of exercise of an Option
                           is given to the Company, the Optionee shall make
                           payment in full, in cash or check or by one of the
                           methods specified below, for all Common Stock
                           purchased pursuant to the exercise of such Option. An
                           Option may be exercised by delivery by the Optionee
                           of Common Stock already owned by the Optionee for all
                           or part of the aggregate exercise price of the Common
                           Stock as to which the Option is being exercised, so
                           long as (i) the value of such Common Stock
                           (determined as provided in Section 9) is equal on the
                           date of exercise to the aggregate exercise price of
                           the shares of Common Stock as to which the Option is
                           being exercised, or such portion thereof as the
                           Optionee is authorized to pay by delivery of Common
                           Stock and (ii) such previously owned shares have been
                           held by the Optionee for at least six (6) months.

                  (2)      An Optionee wishing to exercise an Option shall give
                           written notice to the Company at its principal
                           executive office, to the attention of the Chief
                           Financial Officer of the Company, accompanied by
                           payment of the Option exercise price or the Common
                           Stock equivalent thereof. The date the Company
                           receives written notice of an exercise hereunder
                           accompanied by payment of the Option exercise price
                           or the Common Stock equivalent thereof will be
                           considered the date such Option was exercised.
                           Promptly

                                       5
<PAGE>
                           after receipt of such written notice and payment or
                           Common Stock equivalent thereof, the Company shall
                           deliver to the Optionee or such other person
                           permitted to exercise such Option under Section 8, a
                           certificate or certificates for the requisite number
                           of shares of Common Stock. Certificates representing
                           such shares shall be affixed with appropriate legends
                           restricting transfer as provided in the Plan.

         8.) Transferability of Options. Each Option granted hereunder may be
transferred by the Optionee to a member of the Optionee's immediate family, to a
trust established for the benefit of the Optionee or a member of the Optionee's
immediate family, or to a charitable non-profit organization. Except as
permitted by the preceding sentence, each Option granted under the Plan and the
rights and privileges thereby conferred shall not be transferred, assigned or
pledged in any way (whether by operation of law or otherwise), and shall not be
subject to execution, attachment or similar process. Upon any attempt to so
transfer, assign, pledge or otherwise dispose of the Option, or of any right or
privilege conferred thereby, contrary to the provisions of the Option or the
Plan, or upon levy of any attachment or similar process upon such rights and
privileges, the Option, and such rights and privileges, shall immediately become
null and void. A transfer of Options under the terms of the Plan may result in
the termination of the Company's or the Optionee's eligibility to register
Option Stock under the Securities Act and Optionees should make inquiry as to
eligibility for registration prior to exercising any Option.

         9.) Determination of Value. Any determination of the value of Common
Stock required by the Plan shall be determined in accordance with the following
provisions, as applicable (which value or closing price shall be referred to
herein as the "Fair Market Value per Share," or for a group of Shares, a total
"Fair Market Value"):

         (a) if, on the relevant date, the Common Stock is listed on a national
         or regional securities exchange or quoted on the NASDAQ National
         Market, on the basis of the closing sale price on the principal
         securities exchange on which the Common Stock may then be traded or, if
         there is no sale on the relevant date, then on the last previous day on
         which a sale was reported; or

         (b) if, on the relevant date, the Common Stock is not listed on any
         securities exchange or quoted on the NASDAQ National Market, but
         otherwise is publicly-traded and reported on NASDAQ, on the basis of
         the mean between the closing bid and asked quotations in the
         over-the-counter market as reported by NASDAQ; but if there are no bid
         and asked quotations in the over-the-counter market as reported by
         NASDAQ, then on the last previous day any bid and asked prices were
         quoted; or

         (c) if, on the relevant date, the Common Stock is not publicly-traded
         as described in (a) or (b), in good faith by the Board.

         10.) Restriction on Transfer of Option Stock.

         (a) Compliance with Securities Laws. Common Stock shall not be issued
         pursuant to the exercise of an Option unless the exercise of the Option
         and the issuance and delivery

                                       6
<PAGE>
         of Common Stock pursuant thereto shall comply with all relevant
         provisions of law, including, without limitation, the Securities Act,
         the Exchange Act, applicable state securities laws, the rules and
         regulations promulgated under each of the foregoing, the requirements
         of the New York Stock Exchange (if the Company's securities are listed
         thereon), the requirements of the American Stock Exchange (if the
         Company's securities are listed thereon) and the requirements of NASDAQ
         pertaining to the National Market or SmallCap Market (if the Company's
         securities are quoted thereon), and shall be further subject to the
         approval of counsel for the Company with respect to such compliance.

         (b) 180-Day Restriction on Transfer After a Public Offering. The
         Company may at a future date file a registration or offering statement
         (the "Registration Statement") with the Securities and Exchange
         Commission to facilitate a public offering of its securities. Should
         such an initial public offering be made and should the managing
         underwriter of such offering require it, the Common Stock issued
         pursuant to exercise of any Option will, without the prior written
         consent of the Company and such underwriter, be restricted from sale,
         transfer or other disposition during the "Lockup Period." The foregoing
         does not prohibit gifts to donees or transfers by will or the laws of
         descent to heirs or beneficiaries provided that such donees, heirs and
         beneficiaries shall be bound by the restrictions set forth herein. The
         term "Lockup Period" shall mean the lesser of (i) 180 days and (ii) the
         period during which Company officers and directors are restricted by
         the managing underwriter from effecting any sales or transfers of the
         Company's Common Stock. The Lockup Period shall commence on the
         effective date of the Registration Statement.

         (c) Restrictive Legend. The Company may place one or more restrictive
         legends on any certificates evidencing Option Stock containing
         substantially the following language:

                  The securities represented by this certificate have
                  not been registered under the Securities Act of
                  1933, as amended, have not been registered under any
                  state securities law, and are subject to a
                  subscription and investment representation
                  agreement. They may not be sold, offered for sale,
                  or transferred in the absence of either an effective
                  registration under the Securities Act of 1933, as
                  amended, and under the applicable state securities
                  laws, or an opinion of counsel for the Company that
                  such transaction is exempt from registration under
                  the Securities Act of 1933, as amended, and under
                  the applicable state securities laws.

                  Sale or other transfer of these securities is
                  further restricted for up to 180 days following an
                  initial public offering of securities of the Company
                  by the terms of the Non-Employee Director Stock
                  Option Plan, a copy of which is available for
                  inspection at the offices of the Company.

         (d) Registration and Resale. If, at the time of exercise of an Option,
         the Common Stock subject to this Plan is not registered under the
         Securities Act and under applicable

                                  7
<PAGE>
         state securities laws, the Administrator may require that the Optionee
         deliver to the Company such documents as counsel for the Company may
         determine are necessary or advisable in order to substantiate
         compliance with applicable securities laws and the rules and
         regulations promulgated thereunder.

         11.) Rights.

         (a) Rights as Optionee. No Eligible Director shall acquire any rights
         as an Optionee unless and until an Option Agreement has been delivered
         to and executed by the Optionee, and duly executed on behalf of the
         Company.

         (b) Rights as Common Stockholder. No person shall have any rights as a
         shareholder of the Company with respect to any Common Stock subject to
         an Option until the date that a Common Stock certificate has been
         issued and delivered to the Optionee.

         (c) No Right to Re-Election. Nothing contained in the Plan or any
         Option Agreement shall be deemed to create any obligation on the part
         of the Board to nominate any Director for re-election by the Company's
         shareholders, or confer upon any Director the right to remain a member
         of the Board for any period of time, or at any particular rate of
         compensation.

         (d) No Limitations on Company Rights. The grant of an Option pursuant
         to the Plan shall not affect in any way the right or power of the
         Company to make adjustment, reclassifications, reorganizations, or
         changes of its capital business structure, or to merge or to
         consolidate or to dissolve, liquidate or sell, or transfer all or any
         part of its business or assets.

         12.) Registration and Resale. The Board may, but shall not be required
to, cause the Plan, the Options, and Common Stock subject to the Plan to be
registered under the Securities Act and under the securities laws of any state.
No Option may be exercised, and the Company shall not be obliged to grant Common
Stock upon exercise of an Option, unless, in the opinion of counsel for the
Company, such exercise and grant is in compliance with all applicable federal
and state securities laws and the rules and regulations promulgated thereunder.
As a condition to the grant of an Option for the issuance of Common Stock upon
the exercise of an Option, the Administrator may require that the Optionee agree
to comply with such provisions and federal and state securities laws as may be
applicable to such grant or the issuance of Common Stock, and the Optionee
delivers to the Company such documents as counsel for the Company may determine
are necessary or advisable in order to substantiate compliance with applicable
securities laws and the rules and regulations promulgated thereunder.

         13.) Amendment, Suspension or Termination of the Plan. The Board may at
any time amend, alter, suspend, or discontinue this Plan, except to the extent
that shareholder approval is required for any amendment or alteration (a) by
applicable law in order to exempt from Section 16(b) of the Exchange Act any
transaction contemplated by this Plan, or (b) by the rules of the New York Stock
Exchange, if the Company's securities are listed thereon, or (c) by the rules of
the American Stock Exchange, if the Company's securities are listed thereon, or
(d) by the rules

                                  8
<PAGE>
of NASDAQ, if the Company's securities are quoted thereon; provided, however, no
amendment, alteration, suspension or discontinuation shall be made that would
impair the rights of any Optionee under an Option without such Optionee's
consent; and provided further, that any provision in this Plan relating to the
eligibility of Directors to participate in this Plan, the timing of Option
grants made under this Plan or the number of shares issuable upon exercise of
Options granted to a Director under this Plan shall not be amended more than
once every six months, other than to comply with the changes in the Code or the
rules thereunder. Subject to the foregoing, the Administrator shall have the
power to make such changes in the regulations and administrative provisions
hereunder, or in any Option (with the Optionee's consent), as in the opinion of
the Administrator may be appropriate from time to time.

         14.) Indemnification of Administrator. Members of the group
constituting the Administrator shall be indemnified for actions with respect to
the Plan to the fullest extent permitted by the Articles of Incorporation and
the Bylaws of the Company and by the terms of any indemnification agreement that
has been or shall be entered into from time to time between the Company and any
such person.

         15.) Plan Binding on Successors. Except as provided herein, the Plan
shall be binding on the successors of the Company.

         16.) Interpretation and Governing Law. This Plan shall be construed
under the laws of the State of Minnesota.

         17.) Headings. The headings used in this Plan are for convenience only,
and shall not be used to construe the terms and conditions of the Plan.

         IN WITNESS WHEREOF, the undersigned hereby acknowledges that the
Company has caused this document to be finalized and approved as the Redline
Performance Products, Inc. First Amended and Restated Non-Employee Director
Stock Option Plan as of the 4th day of March, 2003.

                                             REDLINE PERFORMANCE PRODUCTS, INC.

                                             By:  /s/ Chris Rodewald
                                                  -----------------------------
                                                  Its:  Secretary

                                       9

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