STOCK PURCHASE AGREEMENT
THIS STOCK PURCHASE AGREEMENT (the "Agreement") is made and entered into as of October , 1997,
by and among COVENANT TRANSPORT, INC., a Nevada corporation ("Buyer"); Russell Meyer a resident
of Minnesota (the "Selling Stockholder"); and Bud Meyer Truck Lines, Inc., a Minnesota corporation (the
1. The Selling Stockholder owns all of the issued and outstanding capital stock of the Company, consisting of
177 shares of Common Stock, no par value per share ("Common Stock").
2. The Selling Stockholder proposes to sell and Buyer proposes to purchase 100% of the issued and outstanding
3. The parties desire that the transaction be accomplished as stated herein, in accordance with their respective
representations, warranties, and agreements, subject to the conditions contained herein.
NOW, THEREFORE, in consideration of the covenants, representations, warranties, and agreements herein
contained, and for other good and valuable consideration, the parties agree as follows:
For the purposes of this Agreement, unless otherwise provided, the following terms, when capitalized, shall have
the meanings ascribed to them below:
1.1 "Affiliate" means any person or entity controlling, controlled by, or under common control with another
person or entity, as well as the following:
all officers, directors, and persons owning 10% or more of the equity interests of an entity.
1.2 "August 31 Balance Sheet" means a balance sheet of the Company prepared according to GAAP as of
August 31, 1997. Such balance sheet shall reflect all adjustments and accruals as are normally made at year-end
on a pro-rata basis, including specifically those adjustments necessary to reflect the addition to retained earnings
of period 13 "green fee" adjustments from the operating statement for eight months ended August 31, 1997.
1.3 "Authority" means each and every federal, state, local, and foreign judicial, governmental, quasi-