0001172665-04-000117 Sample Contracts

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National Transportation Services, LLC 775 Allison Court Moorestown, New Jersey 08057 856-802-0773 Office 856-802-0774 Facsimile
New York Regional Rail Corp • April 21st, 2004 • Railroads, line-haul operating

This Option Agreement shall be for a period of 24 months (the "Option Term"). Upon 90 days written notice, NTS may cancel this Option Agreement with no further obligation to NYCHRR. Upon award of an anticipated contract, a long-term 20-year agreement will be executed between NTS and NYCHRR guaranteeing a minimum of 8 railcars per day, with NYCHRR receiving $350 per car as their revenue requirement for traffic originating in Greeneville and/or and $450 per car for any barged traffic.

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