EXECUTIVE SEVERANCE AGREEMENTExecutive Severance Agreement • November 3rd, 2020 • Covenant Logistics Group, Inc. • Trucking (no local)
THIS EXECUTIVE SEVERANCE AGREEMENT (“Agreement”) is made and entered into by and between Transport Management Services, LLC (“Company”) and __________ (“Executive”). Once signed by both parties, this Agreement will be deemed effective as of ________, 2020 (“Effective Date”).
SEVENTEENTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENTCredit Agreement • November 3rd, 2020 • Covenant Logistics Group, Inc. • Trucking (no local) • New York
This SEVENTEENTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of September 23, 2020, is by and among COVENANT TRANSPORT, INC., a Tennessee corporation (“CTI”), CTG LEASING COMPANY, a Nevada corporation (“CTGL”), SOUTHERN REFRIGERATED TRANSPORT, INC., an Arkansas corporation (“SRT”), COVENANT ASSET MANAGEMENT, LLC, a Nevada limited liability company (“CAM”), COVENANT TRANSPORT SOLUTIONS, LLC, a Nevada limited liability company formerly known as Covenant Transport Solutions, Inc. (“CTS”), STAR TRANSPORTATION, INC., a Tennessee corporation (“Star”), and COVENANT LOGISTICS, INC., a Nevada corporation (“CLI”), LANDAIR TRANSPORT, INC., a Tennessee corporation (“LA Transport”), LANDAIR LOGISTICS, INC., a Tennessee corporation (“LA Logistics”), and LANDAIR LEASING, INC. (“LA Leasing”), a Tennessee corporation (“Logistics”, and together with CTI, CTGL, SRT, CAM, CTS, Star, CLI, LA Transport, LA Logistics, and LA Leasing, individually a “Borrower” and col
ACCOUNTS RECEIVABLE PURCHASE AGREEMENT by and between COVENANT TRANSPORT SOLUTIONS, LLC as Seller, and ADVANCE BUSINESS CAPITAL LLC as Buyer Dated as of July 8, 2020Accounts Receivable Purchase Agreement • November 3rd, 2020 • Covenant Logistics Group, Inc. • Trucking (no local) • New York
THIS ACCOUNTS RECEIVABLE PURCHASE AGREEMENT, dated as of July 8, 2020 (this “Agreement”), is entered into by and between Covenant Transport Solutions, LLC, a Nevada limited liability company doing business as Transport Financial Services (“Seller”), and Advance Business Capital LLC, a Delaware limited liability company (“Buyer”).
DRAW NOTECovenant Logistics Group, Inc. • November 3rd, 2020 • Trucking (no local)
FOR VALUE RECEIVED, COVENANT LOGISTICS GROUP, INC., a Nevada corporation (“CVLG”), and COVENANT TRANSPORT SOLUTIONS, LLC, a Nevada limited liability company (“Covenant”, and together with CVLG, hereinafter together called “Borrower”) promises and agrees to pay to the order of TBK BANK, SSB, having offices at 12700 Park Central Drive, Suite 1700, Dallas, TX 75251 (hereinafter referred to as “Lender”), or at such other place as Lender may from time to time designate, on that date which is one (1) year after the Draw Expiry Date (as defined below) (“Maturity Date”) the principal amount of FORTY FIVE MILLION DOLLARS ($45,000,000.00), or such lesser sum as Lender may loan and/or advance to or for the benefit of Borrower on or after the date hereof together with interest thereon in accordance with the terms hereof, payable in lawful money of the United States of America. The proceeds of the note shall be used only to finance Borrower’s indemnification obligations to Triumph Bancorp, Inc. and
SEPARATION AGREEMENTSeparation Agreement • November 3rd, 2020 • Covenant Logistics Group, Inc. • Trucking (no local)
THIS SEPARATION AGREEMENT is made and entered into by and between Richard Cribbs (the “Employee”) and Transport Management Services, LLC (the “Company”) (the employee and the Company being sometimes collectively referred to as the “Parties”).
ACCOUNT MANAGEMENT AGREEMENT, AMENDMENT TO PURCHASE AGREEMENT AND MUTUAL RELEASEAccount Management Agreement • November 3rd, 2020 • Covenant Logistics Group, Inc. • Trucking (no local) • Texas
This Account Management Agreement, Amendment to Purchase Agreement and Mutual Release (“Agreement”), dated as of September 23, 2020 (the “Effective Date”), is made between COVENANT TRANSPORT SOLUTIONS, LLC (“Covenant”), and Covenant’s parent, COVENANT LOGISTICS GROUP, INC. (“CVLG”), on the one hand (Covenant and CVLG, together with Covenant Transport, Inc., a Tennessee corporation, Covenant Asset Management, LLC, a Nevada limited liability company, CTG Leasing Company, a Nevada corporation, Covenant Logistics, Inc., a Nevada corporation, IQS Insurance Risk Retention Group, Inc., a Vermont corporation, Southern Refrigerated Transport, Inc., an Arkansas corporation, Star Transportation, Inc., a Tennessee corporation, Heritage Insurance, Inc., a Tennessee corporation, Transport Management Services, LLC, a Tennessee limited liability company, Landair Holdings, Inc., a Tennessee corporation, Landair Transport, Inc., a Tennessee corporation, Landair Leasing, Inc., a Tennessee corporation, an
