|
Period
|
Liquidity
|
|
|
Closing Date through October 15, 2019
|
$10,000,000
|
|
|
October 16, 2019 through December 31, 2019
|
$12,500,000
|
|
|
Fiscal quarter ending March 31, 2020
|
$12,500,000
|
|
|
Fiscal quarter ending June 30, 2020
|
$12,500,000
|
|
|
Fiscal quarter ending September 30, 2020 and each fiscal quarter thereafter
|
$15,000,000
|
|
BORROWERS:
|
CELADON GROUP, INC., a Delaware corporation
|
|
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
|
CELADON E-COMMERCE, INC., a Delaware corporation
|
|
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
CELADON TRUCKING SERVICES, INC., a New Jersey corporation
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
CELADON REALTY, LLC, a Delaware limited liability company
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
|
OSBORN TRANSPORTATION, INC., an Alabama corporation
|
|
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
BEE LINE, INC., an Ohio corporation
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
DISTRIBUTION, INC., an Oregon corporation
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
QUALITY COMPANIES LLC, an Indiana limited liability company
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
| QUALITY EQUIPMENT LEASING, LLC, a Delaware limited liability company | ||
| By: | /s/ Chase Welsh | |
| Name: | Chase Welsh | |
| Title: | Secretary | |
|
|
QUALITY INSURANCE, LLC, an Indiana limited liability company
|
|
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
CELADON LOGISTICS SERVICES, INC., a Delaware corporation
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
|
EAGLE LOGISTICS SERVICES INC., an Indiana corporation
|
||
|
By:
|
/s/ Chase Welsh
|
|
|
Name:
|
Chase Welsh
|
|
|
Title:
|
Secretary
|
|
| VORBAS, LLC, an Ohio corporation | ||
| By: | /s/ Chase Welsh | |
| Name: | Chase Welsh | |
| Title: | Secretary | |
| CELADON CANADIAN HOLDINGS, LIMITED, an Ontario corporation | ||
| By: | /s/ Chase Welsh | |
| Name: | Chase Welsh | |
| Title: | Secretary | |
| HYNDMAN TRANSPORT LIMITED, an Ontario corporation | ||
| By: | /s/ Chase Welsh | |
| Name: | Chase Welsh | |
| Title: | Secretary | |
| TAYLOR EXPRESS, INC., a North Carolina corporation | ||
| By: | /s/ Chase Welsh | |
| Name: | Chase Welsh | |
| Title: | Secretary | |
|
AGENT:
|
MIDCAP FUNDING IV TRUST, as Agent
|
|
| By: | Apollo Capital Management, L.P., its investment manager | |
| By: | Apollo Capital Management GP, LLC, its general partner | |
|
By:
|
/s/ Maurice Amsellem
|
|
|
Name:
|
Maurice Amsellem
|
|
|
Title:
|
Authorized Signatory
|
|
|
LENDER:
|
MIDCAP FINANCIAL TRUST, as a Lender
|
|
| By: | Apollo Capital Management, L.P., its investment manager | |
| By: | Apollo Capital Management GP, LLC, its general partner | |
|
By:
|
/s/ Maurice Amsellem
|
|
|
Name:
|
Maurice Amsellem
|
|
|
|
Title:
|
Authorized Signatory
|