SCS TRANSPORTATION INC
EX-10.2
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<TYPE>EX-10.2
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<FILENAME>exhibit2.htm
<DESCRIPTION>EX-10.2
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<P align="left" style="font-size: 10pt"><FONT style="font-size: 11pt"><B>Exhibit&nbsp;10.2</B>
</FONT>

<P align="center" style="font-size: 11pt"><B>SECOND AMENDMENT TO<BR>
RESTATED AGENTED REVOLVING CREDIT AGREEMENT</B>



<P align="left" style="font-size: 11pt; text-indent: 4%">THIS SECOND AMENDMENT TO RESTATED AGENTED REVOLVING CREDIT AGREEMENT (&#147;Amendment&#148;) dated as of
the 30th day of June, 2006, among <B>SCS TRANSPORTATION, INC.</B>, a Delaware corporation (the
&#147;Borrower&#148;), and <B>BANK OF OKLAHOMA, N.A.</B>, <B>U.S. BANK NATIONAL ASSOCIATION, JPMORGAN CHASE BANK, N.A.
(as successor by merger to Bank One, NA), HARRIS N.A. (as successor by merger to HARRIS TRUST AND
SAVINGS BANK) </B>and <B>LASALLE BANK NATIONAL ASSOCIATION </B>(individually a &#147;Bank&#148; and collectively the
&#147;Banks&#148;), and <B>BANK OF OKLAHOMA, N.A.</B>, as agent for the Banks (in such capacity the &#147;Agent&#148;).


<P align="center" style="font-size: 11pt"><B>RECITALS</B>



<P align="left" style="font-size: 11pt; text-indent: 4%">A.&nbsp;Reference is made to the Restated Agented Revolving Credit Agreement dated January&nbsp;31,
2005, and amended April&nbsp;29, 2005, among Borrower, Agent and Banks (as amended, the &#147;Credit
Agreement&#148;) pursuant to which a $110,000,000 Revolving Credit Loan was established. Terms used
herein shall have the meanings ascribed to them in the Credit Agreement unless otherwise defined.


<P align="left" style="font-size: 11pt; text-indent: 4%">B.&nbsp;Borrower has notified Banks and Agent that it intends to sell 100% of the common stock of
Jevic Transportation, Inc., and Banks and Agent have agreed to approve and acknowledge such sale,
subject to the terms and conditions set forth below.


<P align="center" style="font-size: 11pt"><B>AGREEMENT</B>



<P align="left" style="font-size: 11pt">1.&nbsp;<U>Amendments to the Credit Agreement</U>.



<P align="left" style="margin-left:4%; font-size: 11pt; text-indent: 4%">1.1. Section&nbsp;1.01(18) is hereby deleted and replaced with the following:



<P align="left" style="margin-left:8%; font-size: 11pt; text-indent: 4%">&#147;(18) &#147;EBIT&#148; means, for any period, EBITDAR <U><I>excluding</I></U> (i)&nbsp;provisions
for depreciation and amortization and (ii)&nbsp;Rental Expense, but excluding any
depreciation, amortization or rental expense from Discontinued Operations.&#148;



<P align="left" style="margin-left:4%; font-size: 11pt; text-indent: 4%">1.2. Section&nbsp;1.01(20) is hereby deleted and replaced with the following:



<P align="left" style="margin-left:8%; font-size: 11pt; text-indent: 4%">&#147;(20) &#147;EBITDAR&#148; means, for any period, the sum of Net Income from Continuing
Operations <U><I>plus</I></U>, to the extent deducted in the determination of Net Income
from Continuing Operations, (i)&nbsp;all provisions for federal, state and other income
tax of the Borrower and its Subsidiaries (ii)&nbsp;Interest Expense, and (iii)&nbsp;provisions
for depreciation and amortization and (iv)&nbsp;Rental Expense, <U><I>excluding</I></U> (a)&nbsp;any
gains or losses resulting from the sale, conversion or other disposition of capital
assets (i.e., assets other than current assets), (b)&nbsp;any gains resulting from the
write-up of assets, (c)&nbsp;any earnings of any Person acquired by the Borrower or any
Subsidiary through purchase, merger or consolidation or otherwise for any period
prior to the date of acquisition, (d)&nbsp;any deferred credit representing the excess of
equity in any such Subsidiary at the date of acquisition over the cost of the
investment in such Subsidiary, (e)&nbsp;any gains or losses from the acquisition of
securities or the retirement or extinguishment of Indebtedness, (f)&nbsp;any gains on
collections from the proceeds of insurance policies or settlements, (g)&nbsp;any
restoration to income of any Contingency Reserve, except to the extent that
provision for such reserve was made out of income accrued during such period, (h)
any income, gain or loss during such period from any discontinued operations or the
disposition thereof, from any extraordinary items or from any prior period
adjustments, and (i)&nbsp;any equity of the Borrower or any Subsidiary in the
undistributed earnings (but not losses) of any corporation or other entity which is
not a Subsidiary of the Borrower, which in the aggregate will be deducted only to
the extent they are positive, adjusted for minority interests in Subsidiaries.&#148;



<P align="left" style="margin-left:4%; font-size: 11pt; text-indent: 4%">1.3. Section&nbsp;1.01(30) is hereby deleted and replaced with the following:



<P align="left" style="margin-left:8%; font-size: 11pt; text-indent: 4%">&#147;(30) &#147;Guarantor&#148; means Saia Motor Freight Line, Inc. (&#147;Saia&#148;), a Louisiana
corporation.&#148;



<P align="left" style="margin-left:4%; font-size: 11pt; text-indent: 4%">1.4. Section&nbsp;1.01(31) is amended to evidence that the Restated Guaranty Agreement of
Jevic Transporation, Inc., attached to the Credit Agreement as <U>Schedule
&#147;1.01(29)(a)&#148;</U>, is hereby terminated (as set forth in Section&nbsp;3 hereof), and the defined
term &#147;Guaranty&#148; shall now mean only the Restated Guaranty Agreement of Saia Motor Freight
Line, Inc.



<P align="left" style="margin-left:4%; font-size: 11pt; text-indent: 4%">1.5. Section&nbsp;1.01(55) is hereby deleted and replaced with the following:



<P align="left" style="margin-left:8%; font-size: 11pt; text-indent: 4%">&#147;(55) &#147;Operating Lease&#148; means any lease of any property (whether real, personal
or mixed) which is not a Capital Lease, excluding operating leases from Discontinued
Operations.&#148;



<P align="left" style="margin-left:4%; font-size: 11pt; text-indent: 4%">1.6. Section&nbsp;1.01(69) is hereby deleted and replaced with the following:



<P align="left" style="margin-left:8%; font-size: 11pt; text-indent: 4%">&#147;(69) &#147;Rental Expense&#148; means with reference to any period, the aggregate
amount of all payments for rent or additional rent (including all payments for taxes
and insurance made directly to the lessor, but excluding payments for maintenance,
repairs, alterations, construction, demolition and the like and rents of
Discontinued Operations) for which the Borrower or Subsidiaries are directly or
indirectly liable (as lessee or as guarantor or other surety) under all Operating
Leases in effect at any time during such period.&#148;



<P align="left" style="margin-left:4%; font-size: 11pt; text-indent: 4%">1.7. Section&nbsp;1.01(70) is hereby deleted and replaced with the following:



<P align="left" style="margin-left:8%; font-size: 11pt; text-indent: 4%">&#147;(70) &#147;Rental Obligations&#148; means with reference to any period, the aggregate
amount of all future payments for rent or additional rent (including all payments
for taxes and insurance made directly to the lessor, but excluding payments for
maintenance, repairs, alterations, construction, demolition and the like) for which
the Borrower or Subsidiaries are directly or indirectly liable (as lessee or as
guarantor or other surety) under all Operating Leases in effect at such period end
that are not cancelable, excluding lease obligations from Discontinued Operations.&#148;



<P align="left" style="margin-left:4%; font-size: 11pt; text-indent: 4%">1.8. New Sections&nbsp;1.01(89) and 1.01(90) are hereby added, as follows:



<P align="left" style="margin-left:8%; font-size: 11pt; text-indent: 4%">&#147;(89) &#147;Discontinued Operations&#148; means, upon duly authorized plan of the Board
of Directors of Borrower, the assets, liabilities, income or loss resulting from the
sale of 100% of the common stock of Jevic Transportation, Inc., determined in
accordance with GAAP.



<P align="left" style="margin-left:8%; font-size: 11pt; text-indent: 4%">(90) &#147;Net Income from Continuing Operations&#148; means Net Income resulting from
operations of Borrower that continue to exist subsequent to the closing of the sale
of 100% of the common stock of Jevic Transportation, Inc.&#148;



<P align="left" style="margin-left:4%; font-size: 11pt; text-indent: 4%">1.9. Section&nbsp;6.01(4) is hereby deleted and replaced with the following:



<P align="left" style="margin-left:8%; font-size: 11pt; text-indent: 4%">&#147;(4) <B>Tangible Net Worth. </B>The Borrower will not permit Tangible Net Worth at
any time to be less than $180,000,000 <U><I>plus</I></U> the sum of (i)&nbsp;75% of positive
Net Income from Continuing Operations in each fiscal quarter commencing with the
fiscal quarter ended June&nbsp;30, 2006, and (ii)&nbsp;75% of the Net Proceeds from the
issuance and sale of equity securities after the date hereof, plus income or minus
loss from Discontinued Operations commencing with the fiscal quarter ended June&nbsp;30,
2006 <U><I>minus</I></U> the total amount paid by Borrower for the repurchase of its
&nbsp;shares after June&nbsp;30, 2006, up to $25,000,000.&#148;



<P align="left" style="margin-left:4%; font-size: 11pt; text-indent: 4%">1.10. A new Section&nbsp;6.04(9) is hereby added, as follows:



<P align="left" style="margin-left:8%; font-size: 11pt; text-indent: 4%">&#147;(9) the repurchase of shares of stock of Borrower.&#148;


<P align="left" style="font-size: 11pt">2.&nbsp;<U>Waiver of Default</U>. Agent, on behalf of the Banks and with the approval of the Majority
Banks, hereby waives any Default or Event of Default under Sections&nbsp;5.06, 6.05, 6.07, 6.11, 6.13
and 7.01(15) which might occur as a result of the sale of 100% of the common stock of Jevic
Transportation, Inc. This waiver shall not preclude any other or further declaration of a Default
or Event of Default by Banks, or the exercise of any other right, power, or remedy hereunder.


<P align="left" style="font-size: 11pt">3.&nbsp;<U>Release and Termination of Restated Guaranty</U>. The Banks hereby (a)&nbsp;fully release and
discharge Jevic from all of its duties and obligations under its Restated Guaranty including, but
not limited to, Jevic&#146;s obligation, either jointly or severally, to pay, and all other liabilities
in respect of, the Obligations or any other obligation arising under the Restated Guaranty, the
Agreement and the Loan Documents and, (b)&nbsp;terminates the Restated Guaranty, insofar as Jevic is a
party thereto and (c)&nbsp;acknowledges and agrees that Jevic is no longer a &#147;Subsidiary Guarantor&#148; or a
&#147;Guarantor&#148; under the Loan Documents as each such term is used and defined therein.


<P align="left" style="font-size: 11pt">4.&nbsp;<U>Conditions Precedent</U>. The obligations of the Banks to perform under the Credit
Agreement, as amended hereby, are subject to Borrower&#146;s execution and/or delivery of the following:



<P align="left" style="margin-left:4%; font-size: 11pt; text-indent: 4%">4.1. This Amendment; and



<P align="left" style="margin-left:4%; font-size: 11pt; text-indent: 4%">4.2. Any other documents or agreements reasonably requested by Lender.


<P align="left" style="font-size: 11pt">5.&nbsp;<U>Representations and Warranties</U>. The Borrower hereby (i)&nbsp;ratifies and confirms all
representations and warranties set forth in the Credit Agreement and all other Loan Documents, and
(ii)&nbsp;represents and warrants that no Event of Default has occurred and is continuing.


<P align="left" style="font-size: 11pt">6.&nbsp;<U>Ratification</U>. Borrower hereby ratifies and confirms the Credit Agreement and all other
Loan Documents, and agrees that they remain in full force and effect.


<P align="left" style="font-size: 11pt">7.&nbsp;<U>Ratification of Guaranty</U>. Guarantor, Saia Motor Freight Line, Inc., by execution
hereof, hereby acknowledges and agrees that its Guaranty Agreement remains in full force and
effect, as evidenced by the Ratification attached hereto.


<P align="left" style="font-size: 11pt">8.&nbsp;<U>Governing Law</U>. This Amendment shall be governed by, and construed in accordance with,
the laws of the State of Oklahoma.


<P align="left" style="font-size: 11pt">9.&nbsp;<U>Multiple Counterparts</U>. This Amendment may be executed in any number of counterparts,
and by different parties to this Amendment in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall constitute one and the same
agreement.


<P align="left" style="font-size: 11pt">10.&nbsp;<U>Costs, Expenses and Fees</U>. Borrower agrees to pay all costs, expenses and fees incurred
by Agent in connection herewith, including without limitation the reasonable attorney fees of
Riggs, Abney, Neal, Turpen, Orbison and Lewis.


<P align="left" style="font-size: 11pt; text-indent: 4%">IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first written.



<P align="left" style="margin-left:23%; font-size: 11pt">&#091;Signature Pages Follow&#093;


<P align="center" style="font-size: 10pt; display: none">1
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<P align="left" style="margin-left:23%; font-size: 11pt"><B>SCS TRANSPORTATION, INC.</B>



<P align="left" style="margin-left:23%; font-size: 11pt">By: <U>/s/ James J. Bellinghausen</U><BR>
James J. Bellinghausen, Vice President<BR>
Finance, Chief Financial Officer and Secretary<BR>



<P align="left" style="margin-left:23%; font-size: 11pt">4435 Main Street, Suite&nbsp;930
<BR>
Kansas City, Missouri 64111
<BR>
Attention:
<BR>
Phone: (816)&nbsp;714-5904
<BR>
Facsimile: (816)&nbsp;714-5920
<BR>
E-mail: jbellinghausen@scstransportation.com


<P align="center" style="font-size: 10pt; display: none">2
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<P align="left" style="margin-left:23%; font-size: 11pt"><B>BANK OF OKLAHOMA, N.A.</B>, as a Bank and as Agent



<P align="left" style="margin-left:23%; font-size: 11pt">By: <U>/s/ Brian Puckett</U><BR>
Brian Puckett, Senior Vice President<BR>



<P align="left" style="margin-left:23%; font-size: 11pt">Principal Office and Lending Office for Prime and
LIBOR Loans:



<P align="left" style="margin-left:23%; font-size: 11pt">Bank of Oklahoma Tower



<P align="left" style="margin-left:23%; font-size: 11pt"><BR>
P.O. Box 2300
<BR>
Tulsa, Oklahoma 74192
<BR>
Attention: Brian Puckett
<BR>
Phone: (918)&nbsp;588-6230
<BR>
Facsimile: (918)&nbsp;295-0400
<BR>
E-mail: bpuckett@bokf.com


<P align="center" style="font-size: 10pt; display: none">3
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<P align="left" style="margin-left:23%; font-size: 11pt"><B>U.S. BANK NATIONAL ASSOCIATION</B>



<P align="left" style="margin-left:23%; font-size: 11pt">By: <U>/s/ Michael Reymann</U><BR>
Michael Reymann,<BR>
Senior Vice President<BR>



<P align="left" style="margin-left:23%; font-size: 11pt">Principal Office and Lending Office for Prime Loans
and LIBOR Loans:



<P align="left" style="margin-left:23%; font-size: 11pt">800 Nicollet Mall
<BR>
Minneapolis, Minnesota 55402
<BR>
Attention: Michael Reymann
<BR>
Phone: (612)&nbsp;303-3781
<BR>
Facsimile: (612)&nbsp;303-2264
<BR>
E-mail: michael.reymann@usbank.com


<P align="center" style="font-size: 10pt; display: none">4
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<P align="left" style="margin-left:23%; font-size: 11pt"><B>JPMORGAN CHASE BANK, N.A. (as successor by merger to</B>



<P align="left" style="margin-left:23%; font-size: 11pt"><B>Bank One, NA)</B>



<P align="left" style="margin-left:23%; font-size: 11pt">By: <U>Linda L. Kaiser</U><BR>
Linda L. Kaiser, First Vice President<BR>



<P align="left" style="margin-left:23%; font-size: 11pt">Principal Office and Lending Office for Prime Loans
and LIBOR Loans:



<P align="left" style="margin-left:23%; font-size: 11pt">111 Monument Circle, IN1-0048
<BR>
Indianapolis, Indiana 46277
<BR>
Attention: Linda L. Kaiser
<BR>
Phone: (317)&nbsp;321-8609
<BR>
Facsimile: (317)&nbsp;592-5270
<BR>
E-mail: linda_kaiser@bankone.com


<P align="center" style="font-size: 10pt; display: none">5
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<P align="left" style="margin-left:23%; font-size: 11pt"><B>HARRIS N.A. (as successor by merger to HARRIS TRUST
AND SAVINGS BANK)</B>



<P align="left" style="margin-left:23%; font-size: 11pt">By: <U>/s/ Patrick McDonnell </U><BR>
Patrick McDonnell, Managing Director<BR>



<P align="left" style="margin-left:23%; font-size: 11pt">Principal Office and Lending Office for Prime Loans
and LIBOR Loans:



<P align="left" style="margin-left:23%; font-size: 11pt">111 West Monroe, 10-W
<BR>
Chicago, Illinois 60603
<BR>
Attention: William Thomson
<BR>
Phone: (312)&nbsp;461-3879
<BR>
Facsimile: (312)&nbsp;461-5225
<BR>
E-mail: william.thomson@harrisnesbitt.com


<P align="center" style="font-size: 10pt; display: none">6
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<P align="left" style="margin-left:23%; font-size: 11pt"><B>LASALLE BANK</B>



<P align="left" style="margin-left:23%; font-size: 11pt"><BR>
<B>NATIONAL ASSOCIATION</B>



<P align="left" style="margin-left:23%; font-size: 11pt">By <U>/s/ David J. Thomas</U><BR>
David J. Thomas, Senior Vice President<BR>



<P align="left" style="margin-left:23%; font-size: 11pt">Principal Office and Lending Office for Prime Loans
and LIBOR Loans:



<P align="left" style="margin-left:23%; font-size: 11pt">135 South LaSalle Street, Suite&nbsp;1425
<BR>
Chicago, IL 60603
<BR>
Attention: Wanda Williams
<BR>
Phone: (312)&nbsp;904-0895
<BR>
Fax: (312)&nbsp;904-6373
<BR>
E-mail: wanda.williams@abnamro.com


<P align="center" style="font-size: 10pt; display: none">7
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<P align="center" style="font-size: 11pt"><U> RATIFICATION</U>



<P align="left" style="font-size: 11pt; text-indent: 4%">As inducement for the Banks and the Agent to enter into the Second Amendment to Restated
Agented Revolving Credit Agreement (&#147;Amendment&#148;) dated <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 2006, to which this
Ratification is affixed, the undersigned Guarantor hereby ratifies and confirms its Guaranty
Agreement.



<P align="left" style="margin-left:23%; font-size: 11pt">&#147;Guarantor&#148;



<P align="left" style="margin-left:23%; font-size: 11pt"><B>SAIA MOTOR FREIGHT LINE, INC.</B>


<P align="left" style="font-size: 11pt; text-indent: 23%">By <U>/s/ James A. Darby</U><BR>
James A. Darby, Secretary<BR>



<P align="center" style="font-size: 10pt; display: none">8


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