Exhibit 10.5
FOURTH AMENDMENT TO
AMENDED AND RESTATED LOAN AGREEMENT
This Fourth Amendment to Amended and Restated Loan Agreement
("Amendment"), dated as of March 25, 2008 is between GULF LINE
TRANSPORT INC., an Indiana corporation ("Gulf Line"); FIVE STAR
TRANSPORT, INC., an Indiana corporation ("Five Star"); CAM TRANSPORT,
INC., an Indiana corporation ("CAM"); UNITY LOGISTIC SERVICES INC., an
Indiana corporation ("Unity"); ERX, INC., an Indiana corporation
("ERX"); FRIENDLY TRANSPORT, INC., an Indiana corporation ("Friendly");
TRANSPORT LEASING, INC., an Arkansas corporation ("Transport Leasing");
HARBOR BRIDGE INTERMODAL, INC., an Indiana corporation ("Harbor");
PATRIOT LOGISTICS, INC., an Indiana corporation ("Patriot"); LIBERTY
TRANSPORT, INC., an Indiana corporation ("Liberty"); KEYSTONE LINES
CORPORATION, an Indiana corporation ("Keystone"), TC SERVICES, INC.,
a California corporation ("TC Services"); KEYSTONE LOGISTICS, INC.,
an Indiana corporation ("Keystone Logistics"); CAROLINA NATIONAL
TRANSPORTATION LLC, an Indiana company ("Carolina National"); FREEDOM
LOGISTICS, LLC, an Indiana company ("Freedom Logistics"); THUNDERBIRD
LOGISTICS, LLC, an Indiana company ("Thunderbird Logistics");
THUNDERBIRD MOTOR EXPRESS, LLC, an Indiana company ("Thunderbird
Motor"); and US 1 LOGISTICS, LLC, an Indiana company ("US 1 Logistics").
(Gulf Line, Five Star, CAM, Unity, ERX, Friendly, Transport Leasing,
Harbor, Patriot, Liberty, Keystone, TC Services, Keystone Logistics,
Carolina National, Freedom Logistics, Thunderbird Logistics, Thunderbird
Motor, and US 1 Logistics are hereinafter each referred to each as a
"Borrower Entity", and collectively as the "Borrower"); US 1 INDUSTRIES,
INC., an Indiana corporation ("Guarantor"); and U.S. BANK NATIONAL
ASSOCIATION, a national banking association ("Lender"). Capitalized
terms not defined herein have the meanings ascribed to them in the
Existing Loan Agreement, as that term is defined herein.
PRELIMINARY STATEMENT:
All Borrower Entities have previously entered into an Amended and
Restated Loan Agreement with Lender dated as of March 10, 2005, as
amended by (i) that certain Amendment to Amended and Restated Loan
Agreement dated as of May 5, 2005, (ii) that certain Second Amendment
to Amended and Restated Loan Agreement dated as of September 30, 2005,
and (iii) that certain Third Amendment to Amended and Restated Loan
Agreement dated July 12, 2007 (the Amended and Restated Loan Agreement
as so amended, the "Existing Loan Agreement," and, as amended by this
Amendment, the "Loan Agreement").
Lender has agreed to amend the Existing Loan Agreement to do
the following: (i) extend the Maturity Date from October 1, 2008 to
October 1, 2010, (ii) release the Personal Guaranties of Xxxxxxx
Xxxxxx and Xxxxxx Xxxxxxxx, (iii) increase the maximum annual
capital expenditures permitted from $150,000 to $300,000, and (iv)
clarify the definition of Net Income to exclude earnings attributed
to minority interests.
NOW, THEREFORE, it is hereby agreed as follows:
1. Each of Borrowers and Guarantor represent and warrant that no
Event of Default or Incipient Default exists or will occur as a result
of the execution of and performance under this Amendment and that each
of their representations and warranties set forth in the Loan
Instruments (as the definition of that term is amended by this
Amendment) is true and correct as of the date hereof, except to the
extent that any such representations or warranties speak exclusively
to an earlier date.
2. The following definitions in Section 1.1 of the Existing Loan
Agreement are amended and restated in their entirety as follows:
"Net Income" shall have the meaning accorded to such term
by GAAP, provided "Net Income" shall only include the earnings
of a subsidiary of Guarantor or Borrower in an amount equal to
such earnings multiplied by Guarantor's or such Borrower's
percentage ownership of any such subsidiary.
"Revolving Loan Maturity Date: the earlier of (i) October 1,
2010 or (ii) the date on which Borrower's Obligations are
accelerated pursuant to the Loan Agreement."
"Revolving Loan Note: the promissory note executed by
Borrower payable to the order of Lender in the amount of the
Revolving Loan Commitment, dated as of April 18, 2000, and as
amended and restated as of June 9, 2000, December 7, 2000,
October 15, 2001, May 1, 2002, August 1, 2002, March 21, 2003,
October 1, 2003, July 12, 2007," and March 25, 2008.
3. Section 7.6 of the Loan Agreement is hereby amended and restated
in its entirety to read as follows:
"Section 7.6-Capital Expenditures. In any year, make or
incur, any Capital Expenditures, other than Capital
Expenditures, not in excess of the sum of $300,000".
4. Section 7.20 is hereby amended and restated in its entirety to
read as follows:
"Fail to maintain a minimum debt service ratio for
Guarantor and its subsidiaries (on a consolidated basis)
of 1.25:1 based on a rolling four (4) quarter average, to
be calculated as follows: (1) the sum of: (i) Net Income
before taxes, (ii) depreciation and amortization expense,
(iii) interest expense, and (iv) rent and lease expense,
less (v) taxes, distributions, and cash dividends paid
(net of distributions and cash dividends paid to minority
shareholders), divided by (2) the sum of: (i) current
maturity of long term debt (including all payments with
respect to the Permitted Subordinated Indebtedness, but only
to the extent actually paid by Guarantor or any Borrowers),
(ii) interest expense, and (iii) rent and lease expense.
For the purposes of testing the minimum debt service ratio,
"interest expense" in the denominator shall be defined as
interest expense of Unsubordinated Indebtedness plus
interest actually paid on Permitted Subordinated
Indebtedness. For the purposes of testing the minimum
debt service ratio, "rent and lease expense" shall mean
all amounts payable to any landlords and lessors by any
Borrower Entity for the use of any real or personal
property."
5. US1 Industries, Inc. by its execution hereof hereby reaffirms
its agreement to promptly pay when due all amounts due under the
Revolving Loan Note and prompt performance and payment of all of
Borrower's obligations under the Loan Agreement under the terms of
the Corporate Guaranty. Lender hereby releases Xxxxxxx Xxxxxx and
Xxxxxx Xxxxxxxx from their Personal Guaranties, which shall be
deemed cancelled and of no further force or effect as of the date
hereof.
6. Simultaneously with the execution hereof, Borrowers and
Guarantor shall deliver to Lender the following, duly executed by
the parties thereto other than Lender:
(i) The Revolving Loan Note, dated as of March 25, 2008,
in the form attached hereto as Exhibit A; and
(ii) A legal opinion from Borrower's counsel, Xxxxxxxx
Xxxxxxx, LLP, in a form reasonably satisfactory to
Lender's counsel regarding the Borrower's and the
Guarantor's authorization, execution and delivery of
this Amendment, dated as of the date hereof, and the
documents referenced herein to which Borrower and/or
Guarantor are a party, and the incorporation or
organization, as the case may be, and the good
standing, of each Borrower and of the Guarantor as of
the date hereof.
7. All references to the "Loan Agreement" and other terms defined
in the Existing Loan Agreement shall be deemed to take account of the
Existing Loan Agreement, as amended by this Amendment.
8. Borrower shall reimburse Lender for all of Lender's out-of-
pocket costs related to the transaction contemplated herein, including
without limitation public record searches ordered by Lender or its
counsel and legal fees incurred by Lender in connection with the
preparation of documents, due diligence review or closing regarding
the transaction contemplated herein or the enforcement of the terms
hereof or of any of the Loan Instruments.
9. From time to time, Borrowers and Guarantor shall execute and
deliver to Lender such additional documents as Lender reasonably may
require to carry out the purposes of this Amendment and the Loan
Instruments and to protect Lender's rights hereunder and thereunder,
and shall not take any action inconsistent with the purposes of the
Loan Instruments.
10. Except as expressly amended hereby, the terms and conditions of
the Existing Loan Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the undersigned Borrowers, Lender, and
Guarantor have signed this Amendment to Amended and Restated Loan
Agreement as of the date first above written.
GULF LINE TRANSPORT INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
FIVE STAR TRANSPORT, INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
CAM TRANSPORT, INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
UNITY LOGISTIC SERVICES INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
ERX, INC., an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
FRIENDLY TRANSPORT, INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
TRANSPORT LEASING, INC.,
an Arkansas corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
HARBOR BRIDGE INTERMODAL, INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
PATRIOT LOGISTICS, INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
LIBERTY TRANSPORT, INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
KEYSTONE LINES CORPORATION,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
TC SERVICES, INC.,
a California corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
KEYSTONE LOGISTICS, INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
CAROLINA NATIONAL TRANSPORTATION LLC,
an Indiana Company
By: _____________________________
Name: ___________________________
Title: ____________________________
FREEDOM LOGISTICS, LLC,
an Indiana company
By: _____________________________
Name: ___________________________
Title: ____________________________
THUNDERBIRD LOGISTICS, LLC,
an Indiana company
By: _____________________________
Name: ___________________________
Title: ____________________________
THUNDERBIRD MOTOR EXPRESS, LLC,
an Indiana company
By: _____________________________
Name: ___________________________
Title: ____________________________
US 1 LOGISTICS, LLC,
an Indiana company
By: _____________________________
Name: ___________________________
Title: ____________________________
US 1 INDUSTRIES, INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
U.S. BANK NATIONAL ASSOCIATION,
a national banking association
By: _____________________________
Name: Xxxxx X. Xxxxxxxxx
Title: Senior Vice President
EXHIBIT A
REVOLVING LOAN NOTE
$15,000,000.00 Dated as of April 18, 0000
Xxxxxxx, Xxxxxxxx Amended and Restated as of June 12, 2000
Further Amended and Restated as of December 7, 2000
Further Amended and Restated as of October 15, 2001
Further Amended and Restated as of May 1, 2002
Further Amended and Restated as of August 1, 2002
Further Amended and Restated as of March 21, 2003
Further Amended and Restated as of October 1, 2003
Further Amended and Restated as of July 12, 2007
Further Amended and Restated as of March 25, 2008
FOR VALUE RECEIVED, the undersigned, GULF LINE TRANSPORT INC.,
an Indiana corporation ("Gulf Line"); FIVE STAR TRANSPORT, INC., an
Indiana corporation ("Five Star"); CAM TRANSPORT, INC., an Indiana
corporation ("Cam"); UNITY LOGISTIC SERVICES INC., an Indiana
corporation ("Unity"); ERX, INC., an Indiana corporation ("ERX");
FRIENDLY TRANSPORT, INC., an Indiana corporation ("Friendly");
TRANSPORT LEASING, INC., an Arkansas corporation ("Transport
Leasing"); TRANSPORT LOGISTICS, LLC, an Arkansas limited liability
company ("Transport Logistics"); HARBOR BRIDGE INTERMODAL, INC.
("Harbor"); PATRIOT LOGISTICS, INC., an Indiana corporation
("Patriot"); LIBERTY TRANSPORT, INC., an Indiana corporation
("Liberty"); KEYSTONE LINES CORPORATION, an Indiana corporation
("Keystone"); TC SERVICES, INC., a California corporation ("TC
Services"); KEYSTONE LOGISTICS, INC., an Indiana corporation
("Keystone Logistics"); CAROLINA NATIONAL TRANSPORTATION LLC,
an Indiana Company ("Carolina National"); FREEDOM LOGISTICS, LLC,
an Indiana company ("Freedom Logistics"); THUNDERBIRD LOGISTICS, LLC,
an Indiana company ("Thunderbird Logistics"); THUNDERBIRD MOTOR EXPRESS,
LLC, an Indiana company ("Thunderbird Motor"); and US 1 LOGISTICS, LLC,
an Indiana company ("US 1 Logistics"); (Gulf Line, Five Star, Cam,
Unity, ERX, Friendly, Transport Leasing, Transport Logistics, Harbor,
Patriot, Liberty, Keystone, TC Services, Keystone Logistics, Carolina
National, Freedom Logistics, Thunderbird Logistics, Thunderbird Motor,
and US 1 Logistics, are hereinafter collectively referred to as
"Maker"), hereby promise, jointly and severally, to pay to the order
of U.S. BANK NATIONAL ASSOCIATION, a national banking association,
formerly known as FIRSTAR BANK N.A. ("Lender"), the principal sum of
FIFTEEN MILLION AND NO/100ths DOLLARS ($15,000,000.00), or, if less,
the aggregate unpaid amount of the Revolving Loan made by Lender
pursuant to and in accordance with the applicable provisions of that
certain Amended and Restated Loan Agreement dated March 10, 2005, and
amended as of May 5, 2005, September 30, 2005, and as of the date
hereof (as the same may be amended, modified, supplemented or restated
from time to time, the "Loan Agreement") between Maker, US 1 INDUSTRIES,
INC., an Indiana corporation ("Guarantor"), and Lender, at the office
of Lender at 000 X. XxXxxxx Xx., Xxxxx 000, Xxxxxxx, Xxxxxxxx 00000,
or at such other place as the holder hereof may appoint, plus interest
thereon as set forth below.
This Revolving Loan Note is delivered by Maker to Lender pursuant
to and in accordance with the applicable provisions of the Loan
Agreement. All capitalized terms used but not elsewhere defined
herein shall have the respective meanings ascribed to such terms in
the Loan Agreement.
The Principal Balance of this Revolving Loan Note shall be due
and payable in full on the Revolving Loan Maturity Date and shall
bear interest at the per annum rate of interest set forth in subsection
2.3.1 of the Loan Agreement.
Accrued and unpaid interest on, and the Principal Balance of,
this Revolving Loan Note shall be paid in the manner set forth
in Section 2.4 of the Loan Agreement.
Interest shall be: (i) computed on the basis of a year consisting
of 360 days and (ii) charged for the actual number of days during the
period for which interest is being charged.
During a Default Rate Period, the Principal Balance of this
Revolving Loan Note shall bear interest at the Default Rate, which
interest at such Default Rate shall be paid by Maker to Lender
immediately upon demand.
Subject to the provisions of Section 8.2 of the Loan Agreement,
at the election of the holder hereof, upon the occurrence of an Event
of Default, without further notice or demand, the Principal Balance
of this Revolving Loan Note, and all accrued and unpaid interest
thereon, shall be and become immediately due and payable in full.
Failure to exercise this option shall not constitute a waiver of the
right to exercise the same in the event of any subsequent Event of
Default, and such failure shall not be deemed to establish a custom
or course of dealing or performance between Maker and Lender.
This Revolving Loan Note may be prepaid, in whole or in part,
without penalty and in accordance with the terms and conditions of
the Loan Agreement applicable thereto.
All funds received by Lender during the existence of an Event of
Default shall be applied in the manner set forth in Section 8.4 of
the Loan Agreement.
All payments to be made by Maker pursuant to this Note shall be
made in accordance with the instructions therefor set forth in the
Loan Agreement. Payment shall not be deemed to have been received by
Lender until Lender is in receipt of Good Funds.
Notwithstanding any provision to the contrary contained herein or
in any other Loan Instrument, Lender shall not collect a rate of
interest on any obligation or liability due and owing by Maker in
excess of the maximum contract rate of interest permitted by
applicable law ("Excess Interest"). If any Excess Interest is
provided for or determined by a court of competent jurisdiction to
have been provided for in this Revolving Loan Note or any other Loan
Instrument, then in such event (i) Maker shall not be obligated to
pay such Excess Interest, (ii) any Excess Interest collected by
Lender shall be, (A) if any Event of Default exists and is continuing,
applied to the Principal Balance or to accrued and unpaid interest
not in excess of the maximum rate permitted by applicable law or (B)
if no Event of Default exists and is continuing, refunded to the payor
thereof, (iii) the interest rates provided for herein (collectively
the "Stated Rate") shall be automatically reduced to the maximum rate
allowed from time to time under applicable law (the "Maximum Rate")
and this Revolving Loan Note and the other Loan Instruments, as
applicable, shall be deemed to have been, and shall be, modified to
reflect such reduction, and (iv) Maker shall not have any action
against Lender for any damages arising out of the payment or collection
of such Excess Interest; provided, however, that if at any time
thereafter the Stated Rate is less than the Maximum Rate, Maker shall,
to the extent permitted by law, continue to pay interest at the
Maximum Rate until such time as the total interest received by Lender
is equal to the total interest which Lender would have received had the
Stated Rate been (but for the operation of this provision) the interest
rate payable. Thereafter, the interest rate payable shall be the
Stated Rate unless and until the Stated Rate again exceeds the Maximum
Rate, in which event the provisions contained in this paragraph again
shall apply.
If any suit or action is instituted or attorneys are employed to
collect this Revolving Loan Note or any part thereof, Maker promises
and agrees, jointly and severally, to pay all costs of collection,
including all court costs and reasonable attorneys' fees.
Maker hereby waives presentment for payment, protest and demand
and notice of protest, demand, dishonor and nonpayment of this
Revolving Loan Note, and expressly agrees that this Revolving Loan
Note, or any payment hereunder, may be extended from time to time before,
at or after maturity, without in any way affecting the liability of
Maker hereunder or any guarantor hereof.
This Revolving Loan Note shall be construed in accordance with
and governed by the laws and decisions of the State of Illinois, without
regard to the conflict of laws principles thereof. All funds disbursed
to or for the benefit of Maker will be deemed to have been disbursed in
Chicago, Illinois.
Maker hereby agrees that all actions or proceedings initiated by
any Maker and arising directly or indirectly out of this Revolving Loan
Note shall be litigated in either the Circuit Court of Xxxx County,
Illinois or in the United States District Court for the Northern
District of Illinois, or, if Lender initiates such action, in
addition to the foregoing courts, any court in which Lender shall
initiate or to which Lender shall remove such action, to the extent
such court has jurisdiction. Maker hereby expressly submits and
consents in advance to such jurisdiction in any action or proceeding
commenced by Lender in or removed by Lender to any of such courts,
and hereby agrees that personal service of the summons and complaint,
or other process or papers issued therein may be made by registered
or certified mail addressed to Maker at the address to which notices
are to be sent pursuant to Section 10.1 of the Loan Agreement. Maker
waives any claim that either the Circuit Court of Xxxx County, Illinois
or the United States District Court for the Northern District of
Illinois, Eastern Division, is an inconvenient forum or an improper
forum based on lack of venue. To the extent provided by law, should
any Maker, after being so served, fail to appear or answer to any
summons, complaint, process or papers so served within the number of
days prescribed by law after the mailing thereof, Maker shall be
deemed in default and an order and/or judgment may be entered by the
court against Maker as demanded or prayed for in such summons,
complaint, process or papers. The exclusive choice of forum for
Maker set forth in this paragraph shall not be deemed to preclude
the enforcement by Lender of any judgment obtained in any other forum
or the taking by Lender of any action to enforce the same in any
other appropriate jurisdiction, and Maker hereby waives the right
to collaterally attack any such judgment or action.
Maker acknowledges and agrees that any controversy which may
arise under this Revolving Loan Note would be based upon difficult
and complex issues and, therefore, Maker agrees that any lawsuit
arising out of any such controversy will be tried in a court of
competent jurisdiction by a judge sitting without a jury.
This Revolving Loan Note may not be changed or amended orally,
but only by an instrument in writing signed by the party against
whom enforcement of the change or amendment is sought.
This Revolving Loan Note shall be binding upon Maker and upon
Maker's successors and assigns, and shall inure to the benefit of
the successors and permitted assigns of Lender. If more than one
party shall sign this Revolving Loan Note as Maker, their obligations
hereunder as Maker shall be joint and several.
In the event that any provision hereof shall be deemed to be
invalid by reason of the operation of any law, or by reason of the
interpretation placed thereon by any court or any Governmental Body,
this Revolving Loan Note shall be construed as not containing such
provision and the invalidity of such provision shall not affect the
validity of any other provisions hereof, and any and all other
provisions hereof which otherwise are lawful and valid shall remain in
full force and effect.
Time for the performance of Maker's obligations under this
Revolving Loan Note is of the essence.
This Revolving Loan Note is entitled to the benefit of certain
collateral security, all as more fully set forth in the Loan
Agreement.
This Revolving Loan Note amends, restates in its entirety, and
supercedes a Revolving Loan Note dated October 1, 2003, which amended
and restated a Revolving Loan Note in the principal face amount of
$10,000,000 dated March 21, 2003, which amended and restated a Revolving
Loan Note dated August 1, 2002 in the principal face amount of
$8,500,000, which amended and restated a Revolving Loan Note dated
May 1, 2002, in the principal face amount of $7,000,000, which amended
and restated a Revolving Loan Note dated October 15, 2001, in the
principal face amount of $7,000,000, which amended and restated a
Revolving Loan Note dated December 7, 2000, in the principal face
amount of $5,500,000, which amended and restated a Revolving Loan
Note dated June 12, 2000, in the principal face amount of $3,500,000,
which amended and restated a Revolving Loan Note dated April 18, 2000,
in the principal face amount of $2,000,000, made by Maker and payable
to Lender.
[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]
IN WITNESS WHEREOF, this Revolving Loan Note has been executed and
delivered by Maker by its duly authorized officer on the date first
set forth above.
GULF LINE TRANSPORT INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
FIVE STAR TRANSPORT, INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
CAM TRANSPORT, INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
UNITY LOGISTIC SERVICES INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
ERX, INC., an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
FRIENDLY TRANSPORT, INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
TRANSPORT LEASING, INC.,
an Arkansas corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
HARBOR BRIDGE INTERMODAL, INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
PATRIOT LOGISTICS, INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
LIBERTY TRANSPORT, INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
KEYSTONE LINES CORPORATION,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
TC SERVICES, INC.,
a California corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
KEYSTONE LOGISTICS, INC.,
an Indiana corporation
By: _____________________________
Name: ___________________________
Title: ____________________________
CAROLINA NATIONAL TRANSPORTATION LLC,
an Indiana Company
By: _____________________________
Name: ___________________________
Title: ____________________________
FREEDOM LOGISTICS, LLC,
an Indiana company
By: _____________________________
Name: ___________________________
Title: ____________________________
THUNDERBIRD LOGISTICS, LLC,
an Indiana company
By: _____________________________
Name: ___________________________
Title: ____________________________
THUNDERBIRD MOTOR EXPRESS, LLC,
an Indiana company
By: _____________________________
Name: ___________________________
Title: ____________________________
US 1 LOGISTICS, LLC,
an Indiana company
By: _____________________________
Name: ___________________________
Title: ____________________________
