Document:

Exhibit

Exhibit 10.41

November 9, 2017

Knight-Swift Transportation Holdings Inc.
20002 North 19th Avenue
Phoenix, Arizona  85027

		
	Re:
	Knight-Swift Transportation Holdings Inc.: Restricted Stock Unit (Time Vested) Grant Agreement 

Dear

The Compensation Committee (the “Committee”) of the Board of Directors of Knight-Swift Transportation Holdings Inc. (the “Company”) has awarded you, as of the date of this letter (the “Grant Date”), a Restricted Stock Unit grant (the “Grant”).  The Grant entitles you to receive a maximum of                   shares of the Company’s voting Class A common stock (the “Stock”), par value $0.01 per share (the “Stock Award”) to be issued when and as provided by this Restricted Stock Unit Grant Agreement (this “Agreement”).  This Grant is made pursuant to the authority of the Company’s 2014 Omnibus Incentive Plan (the “Plan”).  This Grant is made subject to the terms and conditions of this Agreement and the Plan.  In this Agreement, the Company is sometimes referred to as “we” or “us.”  Terms used in this Agreement that are defined in the Plan have the same meaning as stated in the Plan.

1.Grant of Restricted Stock Units. The Grant is made to you as part of your compensation and is payable to you in accordance with this Agreement, and in the expectation that until such time as this Grant is fully vested, you will continue to perform services for the Company as its director, employee, or consultant.  You will receive no fractional shares.  Under this Grant you will be issued that number of shares of Stock, not to exceed the total Stock Award, that is determined by the vesting schedule set forth below in Section 2.  Stock will be issued to you within 30 days of your Vesting Date.  No shares of Stock will be issued to you for any portion of the Stock Award that is not vested.  Except as set forth in this Agreement, this Grant may not be settled in cash.  In no event will you be issued more shares than your Stock Award, but the number of shares of your Stock Award is subject to automatic adjustment for stock dividends, stock splits, reverse stock splits, reorganizations, or reclassifications, as provided in Section 6.2 of the Plan.

2.Vesting Schedule. Below is the vesting schedule for this Grant.  For each vesting year you complete while you are associated with the Company, as an employee, director or consultant, your Stock Award will become vested and non-forfeitable in accordance with the quantities set forth in the following schedule ("Vested Quantity").  

You will not accrue any Vested Quantity for any vesting year, unless you are a director of, employed by, or under a consulting contract with the Company as of the Vesting Date, or unless you die, or become disabled, or you retire as described below.  You will not be credited with fractional vesting years.

4298399.5

Your Vested Quantity shall cease to accrue (except as otherwise provided hereby) upon Separation from Service (as defined in the Plan) with the Company, regardless of the cause.  Nevertheless, the Stock Award subject to this Grant will become fully vested and non-forfeitable upon your death or disability (as such term is defined in the Plan), or at such time as your Vested Quantity equals the amount of the Stock Award specified in the introductory paragraph.  Your Stock Award will also become fully vested and non-forfeitable if you retire with the approval of the Committee.  If you experience a Separation of Service from the Company for any reason, the portion of your Stock Award that is not vested, and any related declared and accrued but undistributed Dividend Equivalent (as defined in Section 4, below), will be automatically forfeited.  

3.Book Entry Form. The Stock will be issued to you in book entry form (non-certificated).  Stock will be treated as issued and outstanding only as it is actually issued.  No Stock will be issued to you until you have accrued a Vested Quantity on the respective Vesting Date.  Any Stock issued may be subject to other limitations as either the Plan or the law may require.  
4.No Voting Rights. You have no voting rights until your Stock is issued to you.  A Restricted Stock Unit has no voting rights.

5.Dividend Equivalents. Until Stock is issued to you, you will receive no dividends.  However, you will accrue a Dividend Equivalent for the number of shares of Stock that constitutes your Stock Award.  For each share of Stock subject to your Stock Award, the Company will accrue on its books, from the Grant Date until paid, an amount equal to the dividends that would have been paid on those shares of Stock, if the Stock had been issued and outstanding from the Grant Date (the “Dividend Equivalent”).  As your Stock Award vests, you will be paid by the Company, simultaneously, cash in an amount equal to the Dividend Equivalent you have accrued through the date the Stock is issued to you.  Any Dividend Equivalent attributable to any portion of a Stock Award that is forfeited will also be forfeited, when your Stock is forfeited.  Your Dividend Equivalent will be paid to you not later than the date your Stock is issued to you.  You have no right to elect to defer payment of any Dividend Equivalent.

6.Termination Date of Grant. Subject to the limitations of Section 15, this Grant shall terminate upon the earlier of the date of your Separation from Service or the date your Vested Quantity equals the amount of the Stock Award in the introductory paragraph.

7.Tax Treatment. As the Stock Award vests, you will recognize ordinary income for the value of the Stock issued to you.  The value of the Stock is the fair market value, which is based on the closing market price the day the Stock vests.  If the day of vesting falls on a weekend or on a holiday, the fair market value will be based on the closing market price of the immediate business day prior to the day of vesting.  By accepting the Grant, you accept responsibility for any income tax withholding or other taxes imposed on you by virtue of the issuance of the Grant.  The Company has the right to reduce the total number of shares of Stock and the Dividend Equivalent distributed to you by the amount of any federal or state taxes (including, without limitation, FICA, FUTA, and Medicare) the Company is obligated to withhold and pay, and you hereby authorize the Company to reduce the number of shares of Stock and of Dividend Equivalent payable to you by the amount of any federal or state tax the Company is required to withhold and pay.

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8.Non-Compete and Non-Solicitation Agreement.

(a)    This Grant has been made to you because you have been retained by the Company in a position of trust and confidence and to induce you to continue to contribute to the results of the Company’s operations.  In consideration for the issuance of this Grant (and the Company’s agreement to allow you to become a shareholder of the Company), you agree that you will not directly compete with the Company for six (6) months after your Separation from Service (the “Non-Compete Period”), without first obtaining the Company’s prior written consent, which consent the Company may, in its reasonable discretion, withhold.  For this purpose, you will be considered to be directly competing with the Company if you are engaged in any of the activities described in clauses (b)(i), (ii) or (iii) below.  The consideration for this six (6) month non-compete agreement is the issuance of this Grant.

(b)    You will be considered as directly competing with the Company if at any time during the Non-Compete Period you: (i) are employed by, contract with, or obtain an interest as an owner, shareholder, partner, limited partner or member in, any business or corporation that competes directly with the Company (as such direct competition is defined below), but excluding an investment of one percent (1%) or less in any publicly traded company; (ii) on your own behalf, or on behalf of any other person with whom you may be employed, you solicit or divert from the Company the business of any person who is either a customer of the Company during your employment or is identified as a potential customer of the Company; or (iii) solicit, divert or encourage any person who is an employee of the Company to leave employment and to become employed by a person who directly competes with the Company. For purposes of this Section 8, you (x) will be considered to be in direct competition with the Company and (y) a person, business or corporation will be considered a direct competitor of the Company, if either you or it is engaged in a truckload business (dry van, refrigerated, brokerage, drayage, intermodal, logistics, or any combination thereof) that conducts significant operations in the same traffic lanes in which the Company operates, or in which the Company has internally identified as a planned area of operation or expansion of its business as of the date of your Separation from Service.  
(c)    By accepting this Grant, you agree that the foregoing non-competition provisions are reasonable and that you are being compensated for your agreement not to compete.  If you violate this Agreement during the Non-Compete Period, you agree to pay the Company, upon demand, an amount equal to 60% of the value realized by you under this Grant, disregarding the amount of any federal or state taxes you paid (the “Repayment Amount”).  Upon paying the Company the Repayment Amount, your obligations to the Company under Section 8(b) shall be deemed to be satisfied.  You agree that the Repayment Amount is reasonable and is intended to return to the Company a portion of the compensation paid to you in consideration for your agreement to continue with the Company and not to compete with the Company if you leave, except on the terms of this Agreement, after you have received the Stock Award made here.

(d)    The Company shall have the right to extend the Non-Compete Period for up to an additional twelve (12) months beyond the completion of your initial Non-Compete Period (the “Extended Non-Compete Period”).  If the Company elects to extend the Non-Compete Period, it will notify you in writing of such fact not later than the thirtieth (30th) day prior to the expiration of the initial Non-Compete Period.  By accepting this Grant, you agree to accept and abide by the Company’s election.  If the Company elects to extend the Non-Compete Period, you agree not to 

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work for any direct competitor of the Company (as defined in Section 8(b)) during the Extended Non-Compete Period, and the Company agrees to pay you, during the Extended Non-Compete Period, an amount equal to your monthly base salary or monthly base consulting fee, as applicable, in effect as of the date of your Separation from Service.  Payment for any partial month will be prorated.  Payment of your base salary or consulting fee during the Extended Non-Compete Period will be made at the same times and in the same amounts that such amounts were paid to you while you were in the service of the Company.  If the Company elects to extend the Non-Compete Period, any monies you earn from any other work, whether as an employee or as an independent contractor, will reduce, dollar for dollar, the amount that the Company is obligated to pay you.  Payments made by the Company under this Section 8(d) are made for the extension of the non-compete covenant and do not render you either an employee of, or a consultant to, the Company.

9.Compliance with Securities Laws; Share Restrictions. 

(a)    So long as you are serving as an employee of the Company, you may not sell any shares of the Stock except in accordance with all applicable federal and state securities laws and the applicable policies of the Company regarding the sale, ownership and retention of the Company’s securities by insiders, executives, and employees.  The Company has filed a registration statement with the United States Securities and Exchange Commission covering the Grant (and the Stock subject to the Grant) issued pursuant to the Plan.  So long as that registration statement is in effect, Stock issued pursuant to the Plan will not be restricted as to transfer.  The Company does not provide any assurance that any registration statement will continue to be maintained in effect with respect to the Stock.  If for any reason, a registration statement is not in effect with respect to the Stock, the Stock may not be sold or transferred except in compliance with applicable securities laws.  

(b)    This Grant is subject to any claw-back policy adopted by the Company for incentive-based compensation (the “Clawback Policy”), as required by Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  The Clawback Policy, as it exists from time to time, is incorporated by reference into this Agreement.  If there is any conflict between the provisions of this Agreement and the Clawback Policy, the Clawback Policy shall control.

10.Risks. By accepting this Grant, you acknowledge that the value of the Stock may be adversely affected by changes in the United States’ economy; changes in the Company’s profitability, financial condition, business or properties; a reduction in the Company’s growth rate; competition from other truckload carriers; and other risk factors that are described more particularly in the Company’s most recent Annual Report on Form 10-K and in its reports on Forms 10-Q and 8-K. The Company does not promise you that the value of the Stock will rise or that the Company will continue to grow or be profitable.

11.Access to Information. With respect to this Grant, you acknowledge that you have reviewed a copy of the Plan available at http://investor.knight-swiftinc.com, and that the Company has delivered to you, or has provided to you through on-line access, for your examination copies of its reports filed on Forms 8-K, 10-Q and 10-K and any proxy or shareholder information materials filed with the United States Securities and Exchange Commission and available through EDGAR. These materials may also be accessed on the Company’s website at http://investor.knight-

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swiftinc.com.  A copy of these materials will be provided to you if you request them in writing from the Company.

12.Successors.  This Agreement is binding on you, your spouse and any successors or assigns.

13.Arbitration of Disputes. We agree that the Federal Arbitration Act shall apply to and govern the arbitration provisions of this Agreement.  Any disputes between or among us with respect to the terms of this Agreement or the rights of either of us under this Agreement, shall be subject to the arbitration procedures specified in the Revised Arizona Arbitration Act (“RAAA”) but only to the extent not inconsistent with the Federal Arbitration Act.  Arbitration will occur in Phoenix, Arizona.  Judgment on any arbitration award may be entered in any court having jurisdiction.  A single arbitrator shall have the power to render a maximum award of $500,000.  If you or we assert a claim in excess of $500,000, the matter may be heard by a single arbitrator, but either of us may request that the arbitration be heard by a panel of three arbitrators and, if so requested, the arbitration decision shall be made by a majority of the three arbitrators. The Company shall pay the costs of arbitration, but if the Company is the prevailing party in the arbitration, the Company shall have the right to recover from you all costs of arbitration. EACH OF THE PARTIES EXPRESSLY AGREES TO ARBITRATION AND WAIVES ANY RIGHT TO TRIAL BY JURY ANY PARTY MAY HAVE. In consideration of this Grant, you agree not to bring any class action or any arbitration class action against the Company.  Nothing in this Agreement limits or restricts any self-help remedy, including, without limitation, any right of offset a party may have.  The person prevailing in any arbitration is entitled to payment of all legal fees and costs and all costs of arbitration, regardless of whether such costs are recoverable under applicable law.  In the event of any conflict between the arbitration procedures specified in this Agreement and the RAAA, this Agreement shall control.

14.WAIVER OF CERTAIN CLAIMS. BY EXECUTING THIS AGREEMENT AND ACCEPTING THIS GRANT, YOU AGREE THAT ANY CLAIM YOU MAY HAVE AGAINST THE COMPANY WITH RESPECT TO THIS GRANT OR THE STOCK SUBJECT TO THE GRANT (OTHER THAN A CLAIM FOR THE CONTRACTUAL BREACH OF THIS AGREEMENT OR THE PLAN, WHICH MAY BE BROUGHT WITHIN ONE YEAR OF THE DATE SUCH BREACH OCCURS) MUST BE ASSERTED NOT LATER THAN ONE YEAR FOLLOWING THE DATE OF THIS GRANT, AND THAT NO CLAIMS (OTHER THAN FOR BREACH OF CONTRACT) MAY BE BROUGHT AFTER THAT PERIOD.  YOU VOLUNTARILY AND KNOWINGLY WAIVE ANY LONGER STATUTE OF LIMITATIONS IN CONSIDERATION OF THIS GRANT.  IN ADDITION, YOU AND THE COMPANY AGREE THAT ANY CLAIM MADE UNDER THIS AGREEMENT OR THE PLAN, OR ARISING FROM OR IN CONNECTION WITH ANY STOCK GRANTED PURSUANT TO THIS AGREEMENT OR THE PLAN, SHALL BE LIMITED TO ACTUAL ECONOMIC DAMAGES, AND THE RECOVERY OF ATTORNEYS’ FEES AND COSTS OF COURT.  TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO RESCISSION OR ANY RIGHT TO CLAIM OR RECOVER TREBLE DAMAGES, PUNITIVE DAMAGES, OR EXEMPLARY DAMAGES, WHETHER SUCH RIGHTS ARE GRANTED BY STATUTE OR UNDER COMMON LAW, IS HEREBY WAIVED AND RELEASED.  EACH PARTY AGREES AND ACKNOWLEDGES THAT THE WAIVER AND RELEASE OF SUCH RIGHTS IS VOLUNTARY AND KNOWING 

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AND THAT EACH PARTY HAS RECEIVED, UNDER THIS AGREEMENT, FULL AND ADEQUATE CONSIDERATION FOR SUCH WAIVER.

15.Survival. The provisions of Sections 5, 7, 8, 9, 10, and 12 through 19 shall survive the termination of this Grant and of this Agreement.
16.Rights Non-Transferable.  Neither this Agreement nor your rights hereunder are transferable, except by Last Will and Testament, Revocable Trust or Testamentary Trust, or by the law of descent and distribution.  
17.Administration.  The Committee shall have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules.  All actions taken and all interpretations and determinations made by the Committee in good faith shall be final and binding upon you, the Company and all other interested persons.  No member of the Committee shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Grant.  In its absolute discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Committee under the Plan and this Agreement.

18.Construction. It is the intent of the Company and you that the Stock subject to this Grant is to be treated as “nonvested shares” within the meaning of Financial Accounting Standards Board ASC Topic 718, and the Stock is subject to being earned by you only if you continue to provide the Company with your services until this Grant terminates.

19.Governing Law. This Agreement is subject to, and is to be construed in accordance with, the laws of the State of Arizona.

20.Acceptance. You are required by the on-line system to accept or reject the Grant and this Agreement.  If you fail to affirmatively accept or reject through the on-line system within five (5) business days after receipt of this Grant, then by continuing to serve as a director of, in employment with, or as a consultant for the Company, you will be deemed to have accepted and agreed to the terms and conditions set forth in this Agreement and deemed to have acknowledged receipt of a copy of the Plan.
Sincerely,

KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC., a Delaware Corporation
By:    /s/ Adam Miller
    
Adam Miller
CFO

6Exhibit

Exhibit 10.42

THIRD OMNIBUS AMENDMENT AND CONSENT 
(SWIFT RECEIVABLES COMPANY II, LLC)
THIS THIRD OMNIBUS AMENDMENT (the “Amendment”), dated as of September [15], 2017, is entered into among the Originators party hereto, Knight-Swift Transportation Holdings Inc., as successor by merger with Swift Transportation Company (the “Performance Guarantor”), Swift Receivables Company II, LLC (the “Seller”), Swift Transportation Services, LLC (the “Servicer”), the Conduit Purchasers party hereto, the Related Committed Purchasers party hereto, the Purchaser Agents party hereto, the LC Participants party hereto and PNC Bank, National Association, as LC Bank and as administrator (the “Administrator” and, collectively with the foregoing parties, the “Transaction Parties”).  All capitalized terms used herein and not defined herein shall have the meanings set forth in the hereinafter defined Subject Agreements.
WITNESSETH:
WHEREAS, the Seller, Servicer, the Conduit Purchasers from time to time party thereto, the Related Committed Purchasers from time to time party thereto, the Purchaser Agents from time to time party thereto, the LC Participants from time to time party thereto and the Administrator have heretofore executed and delivered an Amended and Restated Receivables Purchase Agreement dated as of June 14, 2013 (as amended, supplemented or otherwise modified through the date hereof, the “Purchase Agreement”); 
WHEREAS, the Seller and the Originators are parties to the Purchase and Sale Agreement, dated as of June 8, 2011 (as amended, supplemented or otherwise modified through the date hereof, the “Sale Agreement”);
WHEREAS, the Performance Guarantor executed and delivered to the Administrator a Performance Guaranty dated as of June 8, 2011 (as amended, supplemented or otherwise modified through the date hereof, the “Performance Guaranty,” together with the Purchase Agreement and the Sale Agreement, the “Subject Agreements”); 
NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby agree that each Subject Agreement shall be and is hereby amended as follows:
Section 1.    Amendments.  Subject to the satisfaction of the conditions precedent set forth in Section 3 below, the Subject Agreements are hereby amended as follows

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1.1.    Any and all references to “Swift Transportation Company” in the Subject Agreements shall be deemed to be a reference to “Knight-Swift Transportation Holdings Inc.”
1.2.    Each of the following defined terms in Exhibit I of the Purchase Agreement is hereby amended and restated in its entirety and as so amended and restated shall read as follows:
“Days’ Sales Outstanding” means, for any Fiscal Month, an amount computed as of the last day of such Fiscal Month equal to: (a) the average of the Outstanding Balance of all Pool Receivables as of the last day of each of the three most recent Fiscal Months ended on the last day of such Fiscal Month divided by (b)(i) the aggregate Credit Sales during the three Fiscal Months ended on the last day of such Fiscal Month divided by (ii) 90; provided, however, that for purposes of determining Days’ Sales Outstanding solely with respect to any calculation that includes Credit Sales during the Fiscal Months August 2017 and/or September 2017, the Credit Sales during such Fiscal Month shall be multiplied by the percentage set forth opposite such Fiscal Month in the table appearing below:
	
		
	August 2017
	79%

	September 2017
	136%

“Default Ratio” means the ratio (expressed as a percentage and rounded to the nearest 1/100 of 1%, with 5/1000th of 1% rounded upward) computed as of the last day of each Fiscal Month by dividing: (a) the aggregate Outstanding Balance of all Pool Receivables that became Defaulted Receivables during such month (other than Receivables that became Defaulted Receivables as a result of an Insolvency Proceeding with respect to the Obligor thereof during such month) by (b) the Credit Sales during the month that is four (4) Fiscal Months before such month; provided, however, that for purposes of determining the Default Ratio solely with respect to the Fiscal Months December 2017 and January 2018, the foregoing clause (b) shall be multiplied by the percentage set forth opposite such Fiscal Month in the table appearing below:

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	December 2017
	79%

	January 2018
	136%

“Dilution Horizon Ratio” means, for any Fiscal Month, the ratio (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) computed as of the last day of such Fiscal Month by dividing: (a) the aggregate Credit Sales during the two most recent Fiscal Months, by (b) the Net Receivables Pool Balance at the last day of such Fiscal Month; provided, however, that for purposes of determining the Dilution Horizon Ratio solely with respect to any calculation that includes Credit Sales during the Fiscal Months August 2017 and/or September 2017, the Credit Sales during such Fiscal Months shall be multiplied by the percentage set forth opposite such Fiscal Month in the table appearing below:
	
		
	August 2017
	79%

	September 2017
	136%

“Dilution Ratio” means the ratio (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward), computed as of the last day of each Fiscal Month by dividing: (a) the aggregate amount of payments made or owned by the Seller pursuant to Section 1.4(c)(i) of this Agreement during such Fiscal Month by (b) the aggregate Credit Sales during the Fiscal Month that is one month prior to such Fiscal Month; provided, however, that for purposes of determining the Dilution Ratio solely with respect to the Fiscal Months August 2017 to and including October 2017, the foregoing clause (b)  shall be multiplied by the percentage set forth opposite such Fiscal Month in the table appearing below:
	
		
	August 2017
	126%

	September 2017
	56%

	October 2017
	141%

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“Fiscal Month” means each calendar month; provided, however that the Fiscal Month August 2017 means the period beginning August 1, 2017, and ending on September 8, 2017 and the Fiscal Month September 2017 means the period beginning September 9, 2017, and ending on September 30, 2017.
“Loss Reserve Percentage” means, on any day, an amount (expressed as a percentage) equal to: 
(a)    the product of: 
(i)    2.25 times the highest three month rolling average of the Default Ratios during the twelve most recent Fiscal Months as of such day;
multiplied by
(ii)    (x) if such day occurs during a Weekly Reporting Period, the aggregate Credit Sales during the four most recent Fiscal Months and one quarter of the fifth most recent Fiscal Month, or (y) if such day occurs during a Monthly Reporting Period, the aggregate Credit Sales during the five most recent Fiscal Months; provided, however that for purposes of determining the foregoing calculation solely with respect to any calculation that includes the Fiscal Months August 2017 and/or September 2017, the Credit Sales for the Fiscal Month August 2017 shall be multiplied by 79% and the Credit Sales for the Fiscal Month September 2017 shall be multiplied by 136%;
divided by
(b)    the Net Receivables Pool Balance as of such date.
Section 2.    Conditions Precedent.  The effectiveness of this Amendment shall be subject to the satisfaction of the following conditions precedent:
(a)    the Administrator shall have received counterparts hereof executed by the Seller, the Servicer, the Majority LC Participants, the Majority Purchaser Agents, the Performance Guarantor and the Administrator;

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(b)    the Performance Guarantor shall have delivered to the Administrator copies of evidence of merger; and
(c)    the Administrator shall have received such other agreements, instruments, documents, certificates, and opinions as the Administrator may reasonably request.
Section 3.    To induce the Administrator and the Purchasers to enter into this Amendment, the Performance Guarantor, the Seller and Servicer represent and warrant to the Administrator and the Purchasers that:  (a) the representations and warranties contained in the Transaction Documents,  are true and correct in all material respects as of the date hereof with the same effect as though made on the date hereof (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date); (b) no Termination Event or Unmatured Termination Event exists; (c) this Amendment has been duly authorized by all necessary corporate proceedings and duly executed and delivered by each of the Seller and the Servicer and the Performance Guarantor, and each Subject Agreement, as amended by this Amendment, and each of the other Transaction Documents are the legal, valid and binding obligations of the Seller, the Servicer and the Performance Guarantor, enforceable against the Seller, the Servicer and the Performance Guarantor in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors’ rights or by general principles of equity; and (d) no consent, approval, authorization, order, registration or qualification with any governmental authority is required for, and in the absence of which would adversely effect, the legal and valid execution and delivery or performance by the Seller, the Servicer or the Performance Guarantor of this Amendment or the performance by the Seller, the Servicer or the Performance Guarantor of any Subject Agreement, as amended by this Amendment, or any other Transaction Document to which they are a party.
Section 4.    This Amendment may be executed in any number of counterparts and by the different parties on separate counterparts and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment.
Section 5.    Except as specifically provided above, each Subject Agreement and the other Transaction Documents shall remain in full force and effect and are hereby ratified and confirmed in all respects.  The execution, delivery, and effectiveness of this Amendment shall not operate as a waiver of any right, power, or remedy of any Administrator or any Purchaser under each Subject Agreement or any of the other Transaction Documents, nor constitute a waiver or modification of any provision of any of the other Transaction Documents.  The Seller agrees to pay on demand all costs and expenses (including reasonable fees and expenses of counsel) of or incurred by the 

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Administrator and each Purchaser Administrator in connection with the negotiation, preparation, execution and delivery of this Amendment.
Section 6.    This Amendment and the rights and obligations of the parties hereunder shall be construed in accordance with and be governed by the law of the State of New York.
Section 7.    Reaffirmation, Acknowledgement and Consent of Performance Guarantor.  The Performance Guarantor heretofore executed and delivered to the Administrator a Performance Guaranty dated as of June 8, 2011 (as the same may be amended, restated, supplemented or modified from time to time, the “Performance Guaranty”). On the date hereof, the undersigned confirms that the Performance Guaranty, and all obligations of the undersigned thereunder, remains in full force and effect.  The undersigned further agrees that the consent of the undersigned to any further amendments to (i) the Purchase Agreement and (ii) any other Transaction Document shall not be required as a result of this consent having been obtained, except to the extent, if any, required by the Performance Guaranty referred to above.  The undersigned acknowledges that the Administrator is relying on the assurances provided herein in entering into the agreements set forth above.

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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed and delivered by their duly authorized officers as of the date first above written.
SWIFT RECEIVABLES COMPANY II, LLC, as Seller
By: /s/ Brad Stewart    
Name: Brad Stewart
Title: Assistant Treasurer
SWIFT TRANSPORTATION SERVICES, LLC, as Servicer
By:/s/ Brad Stewart    
Name: Brad Stewart
Title: Assistant Treasurer
KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC., as successor by merger with Swift Transportation Company
By: /s/ Kevin Knight    
Name: Kevin Knight
Title: Executive Chairman

S-1
Third Omnibus Amendment

“ORIGINATORS”
SWIFT REFRIGERATED SERVICE, LLC
By:    
Name: Brad Stewart
Title: Assistant Treasurer
SWIFT TRANSPORTATION SERVICES, LLC
By:/s/ Brad Stewart    
Name: Brad Stewart
Title: Assistant Treasurer
SWIFT LEASING CO., LLC
By:/s/ Brad Stewart    
Name: Brad Stewart
Title: Assistant Treasurer
SWIFT INTERMODAL, LLC
By:/s/ Brad Stewart    
Name: Brad Stewart
Title: Assistant Treasurer
SWIFT LOGISTICS, LLC
By:/s/ Brad Stewart    
Name: Brad Stewart
Title: Treasurer
SWIFT WAREHOUSING, LLC
By:/s/ Brad Stewart    
Name: Brad Stewart
Title: Treasurer
SWIFT FREIGHT FORWARDING, LLC
By:/s/ Brad Stewart    
Name: Brad Stewart
Title: Treasurer

S-2
Third Omnibus Amendment

PNC BANK, NATIONAL ASSOCIATION, as Administrator
By: /s/ Michael Brown    
Name: Michael Brown    
Title:Senior Vice President    
PNC BANK, NATIONAL ASSOCIATION, as Purchaser Agent for the PNC Bank Purchaser Group
By: /s/ Michael Brown    
Name: Michael Brown    
Title:Senior Vice President    
PNC BANK, NATIONAL ASSOCIATION, 
as a Related Committed Purchaser
By: /s/ Michael Brown    
Name: Michael Brown    
Title:Senior Vice President    
PNC BANK, NATIONAL ASSOCIATION, as the LC Bank
By: /s/ Michael Brown    
Name: Michael Brown    
Title:Senior Vice President    

S-3
Third Omnibus Amendment

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Purchaser Agent for the Wells Fargo Purchaser Group
By: /s/ Issac Washington    
Name: Issac Washington    
Title: Vice President    
WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Related Committed Purchaser
By: /s/ Issac Washington    
Name: Issac Washington    
Title: Vice President    
WELLS FARGO BANK, NATIONAL ASSOCIATION, as a LC Participant
By: /s/ Issac Washington    
Name: Issac Washington    
Title: Vice President    

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., acting through its New York Branch, as a Related Committed Purchaser and as a LC Participant
By: /s/ Luna Mills    
Name: Luna Mills    
Title: Managing Director    

S-4
Third Omnibus Amendment

GOTHAM FUNDING CORPORATION, Conduit Purchaser
By: /s/ David V. DeAngelis    
Name: David V. DeAngelis    
Title: Vice President    

S-5
Third Omnibus Amendment

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