RE: Guarantee of Continued Participation (January 31st, 2014)
As reflected in my e-mail to Harry Wilson dated January 21, 2014, the Trustees of the Central States, Southeast and Southwest Areas Pension Fund (the Pension Fund or the Fund) have approved certain revisions to the Amended and Restated Contribution Deferral Agreement dated July 22, 2011 (CDA), subject to the conditions stated in my e-mail and subject to the Funds review and approval of final documentation reflecting the revised CDA terms. One of the conditions precedent to the Pension Funds agreement to the CDA revisions set forth in my January 21 e-mail offered two alternative options to the YRC Worldwide, Inc. (YRCW) companies:
Advisory Agreement (February 21st, 2013)
This letter, entered into as of February 20, 2013, and effective as of February 1, 2013 (the Effective Date), confirms the engagement of MAEVA Group, LLC (MAEVA, we or us) to provide advisory services to YRC Worldwide Inc. and its subsidiaries (collectively, the Company or you). As set forth more fully below, MAEVA will advise the Company with regard to one or more potential value enhancing events, transactions and/or strategic initiatives involving the Company.