AMENDMENT NO. 14 TO LOAN AGREEMENT
THIS AMENDMENT NO. 14 TO LOAN AGREEMENT, dated as of December 4, 2007 (the “
Amendment ”) , is entered into by and among THREE PILLARS FUNDING LLC, formerly known as Three
Pillars Funding Corporation, as lender (“ Three Pillars ”), SUNTRUST ROBINSON HUMPHREY, INC.,
formerly known as SunTrust Capital Markets, Inc., as administrator (the “ Administrator ”), CVTI
RECEIVABLES CORP. (“ CVTI ”), and COVENANT TRANSPORTATION GROUP, INC., formerly
known as Covenant Transport, Inc., a Nevada corporation, (“ Covenant ”). Capitalized terms used and not
otherwise defined herein are used as defined in the Loan Agreement, dated as of December 12, 2000 among
Three Pillars, the Administrator, CVTI and Covenant (as amended to date, the “ Loan Agreement ”).
WHEREAS, the parties hereto desire to further amend the Loan Agreement in certain respects as
NOW THEREFORE, in consideration of the premises and the other mutual covenants contained herein,
the parties hereto agree as follows:
SECTION 1. Amendments to the Loan Agreement .
(a) The definition of “Scheduled Commitment Termination Date” in Section 1.1 of the Loan
Agreement is hereby deleted and replaced with the following:
“ Scheduled Commitment Termination Date : June 4, 2008.”
(b) Section 2.1 of the Loan Agreement is hereby deleted and replaced with the following:
“On the terms and subject to the conditions set forth in this Agreement, Lender agrees to make
loans to Borrower on a revolving basis from time to time (the “Lender’s Commitment”) before the
Commitment Termination Date in such amounts as may be from time to time requested by Borrower
pursuant to Section 2.2; provided, however, that the aggregate principal amount of all Loans from
time to time outstanding hereunder shall not exceed the lesser of (a) $60,000,000 (the “Facility
Limit”) and (b) the Borrowing Base.