Code of Ethics FOR THE Transportation Brokers Conference of America These articles have been adopted by the Transportation Brokers Conference of America (TCBA) to promote and maintain high standards of professional service and ethical business conduct among its members. 1. A member shall deal fairly with customers, colleagues, fellow members, and the general public 2. A member shall conduct his or her professional life in accord with the interest of the TBCA, the transportation brokerage industry and the general transportation public. 3. A member shall adhere to honesty and integrity and to generally accepted principles of professional conduct. 4. A member shall not engage in any practice which tends to corrupt the integrity of the TBCA, the transportation brokerage industry, or the process of government. 5. A member shall not intentionally communicate false or misleading information concerning his or her financial, ethical, and professional business background. 6. A member shall not intentionally injure the professional reputation or business of another member. 7. However, if a member has evidence that another member has been guilty of unethical, illegal or unfair practices, including those in violation of the code, the member shall present the information promptly to the proper authorities of the TBCA for action in accordance with the procedures set forth by the TBCA Ethics Committee. 8. A member shall make proper, just and prompt payment for all contractual obligations. 9. A member involved in a co-brokerage agreement shall refrain from back soliciting a carrier or shipper introduced to him by another member. 10. A member shall, as soon as possible, sever relations with any organization or individual of such relationship requires conduct contrary to the articles of this code. As a member of the Transportation Brokers Conference of America, we pledge: To conduct ourselves professionally, with trust, fairness and responsibility to our customers, the TBCA and the transportation brokerage mileage industry, To improve our individual competence and advance the knowledge and proficiency of the transportation brokerage profession through continuing education, To subscribe to and offer to the public, a uniform and consistent service in arranging motor transportation of property, To protect the interest of the shipping public as the Congress of the United States originally intended in 1935, as amended in 1980, And to adhere to the articles of the Code of Professional Ethics as adopted by the governing Board of the Transportation Brokers Conference of America. Signed: Frank L Wootton President Date 3/24/1986 Wootton Transportation Services, Inc. 1400 East Geer St Durham, NC 27704 919-956-5726 Bank Reference Wachovia Bank 3211 Shannon Road, Ste. 400 Durham, NC 27707 Dave Clark 919-419-3515 Acct: 2000000983390 Bond Information Old Republic Surety Group Underwritten by: Stan Taylor Insurance Company Inc Raleigh, NC 919-781-5300 Bond Number LLI-1082019 D & B Listing Rating – AAAA CompuNet Gold Book Listing Blue Book Listing Number 155333 Rating – XXX Red Book Listing Number 281835 HQ FormREF02-Rev 3/03 BROKERS SURETY BOND UNDER SECTION 211(c) OF THE INTERSTATE COMMERCE ACT (EXECUTED IN DUPLICATE) BOND # 65-0130-11738-92-9 Know all men by these presents, That we WOOTTON TRANSPORTATION SERVICES, INC., OF DURHAM, NORTH CAROLINA as Principal (hereinafter called Principal) and OLD REPUBLIC SURETY COMPANY a corporation created and existing under the laws of the State of WISCONSIN as Surety (hereinafter called Surety) are held and firmly bound unto the United States of America in the sum of $10,000.00, for which payment, well and truly to be made, we bind ourselves and our heirs, executors, administrators, successors, and assigns, jointly and severally, firmly by these payments. WHEREAS, the principal is or intends to become a Broker pursuant to the provisions of Part II of the Interstate Commerce Act, and the rules and regulations of the Interstate Commerce Commission relating to insurance or other security for the protection of travelers and shippers, and has elected to file with the Interstate Commerce Commission such a bond as will insure financial responsibility and the supplying of transportation subject to part II of said Act in accordance with Contracts agreements, or arrangements therefore, and WHEREAS, the bond is written to assure compliance by the Principal as a licensed Broker of Transportation by motor vehicle with section 211 of the interstate Commerce Act, and the rules and regulations of the Interstate Commerce Commission, relating to insurance and other security for the protection of travelers and shippers, and shall inure to the benefit of any and all travelers or shippers to whom the Principal may be held legally liable for any of the damages herein described. NOW, THEREFORE, the condition of this obligation is such that if the Principal shall pay or cause to be paid to travelers or shippers by motor vehicle any sum or sums for which the Principal may be held legally liable by reason of the Principal’s failure faithfully to perform, fulfill, and carry out all contracts, agreements, and arrangements by the Principal while his bond is in effect for the supplying of transportation subject to part II of the Interstate Commerce Act under license issued to the Principal by the Interstate Commerce Commission, then this obligation shall be void, otherwise to remain in full force and effect. The liability of the Surety shall not be discharged by any payment of succession of payments hereunder unless and until such payments shall amount to the aggregate to the penalty of the bond, but in no event shall the Surety’s obligation hereunder exceed the amount to the aggregate to the penalty. The Surety agrees to furnish written notice to the Interstate Commerce Commission forthwith of all suits filed, judgments rendered, and payments made by said Surety under this bond. This bond is effective the 3rd day of December 2003, 12:01 am, standard time at the address of the Principal as stated herein and shall continue in force until terminated as hereafter provided. The Principal or the Surety may at any time terminate this bond by written notice to the Interstate Commerce Commission at its office in Washington DC, such termination to become effective thirty (30) days after actual receipt of said notice by the Commission. The Surety shall not be liable hereunder for the payment of any damages herein before described which arise as the result of any contracts, agreements, undertakings or arrangements made by the Principal for the supplying of transportation after the termination of this bond as herein provided, but such termination shall not effect the liability of the Surety hereunder for the payment of any such damages arising as the result of contracts, agreements, or arrangements made by the Principal for the supplying of transportation prior to the date such termination becomes effective. IN WITNESS WHEREOF, the said Principal and Surety have executed this instrument on the 3rd day of DECEMBER, 2003. PRINCIPAL SURETY Name: Wootton Transportation Services, Inc. Name: United States Fidelity & Guaranty Company By: Frank L Wootton (SEAL) By: Paul M Simson (SEAL) Witness: Camellia D Gray (SEAL) Witness: Bonnie B. Higgins (SEAL) FormSURETY01 Employer Identification Number Certificate Issued To: Wootton Transportation Services, Inc. 1400 East Geer Street Durham, North Carolina 27704 EIN 56-1951343 FormEIN01-Rev 3/03 Wootton Transportation Services, Inc. Certificate of Insurance Seal Producer Billy Kinlaw Insurance Agency PO Bx 237 Dublin, NC 28332 910-862-7305 RJ Ahmann Company 7555 Market Place Drve Eden Prairie, MN 55344 952-947-9700 Insured Wootton Transportation Services, Inc. 1400 East Geer Street Durham, NC 27704 Insurers Affording Coverage Insurer A: Progressive Casualty Insurer B: Great American Insurer C: Hanover Insurance Group Coverage Type Policy # Exp. Date Limits General Liability 04264031-3 Continuous $1,000,000 Motor Truck Cargo IMP118-12-27-02 Continuous $100,000 Contingent Cargo IHC 8301261-00 Continuous $100,000 FormInscert01-Rev 3/03 DECISION MC187801 WOOTTON TRANSPORTATION SERVICES, INC. DBA K & J ENTERPRISES, INC. DURHAM, NC Re-entitled WOOTTON TRANSPORTATION SERVICES, INC. DURHAM, NC Decided July 22, 1991 On July 17, 1991 applicant filed a request to have the Commissions records changed to reflect a name change. IT IS ORDERED: The Commission’s records are amended to reflect the carrier’s name as WOOTTON TRANSPORTATION SERVICES, INC. If it has not already done so, the carrier must amend (1) its insurance coverage for the protection of the public, (2) its designation of agents upon whom process may be served, and (3) its tariffs of schedules to reflect the new name. By the Commission. (SEAL) Sidney L Strickland, Jr. Secretary PM – 25 (Rev. 10/84) Service Date March 27, 1986 INTERSTATE COMMERCE COMMISSION LICENSE MC-187801 WOOTTON TRANSPORTATION SERVICES, INC. dba K & J ENTERPRISES DURHAM, NORTH CAROLINA This License is evidence of the applicant’s authority to engage in operations as a broker. This authority will be effective as long as the carrier maintains compliance with the requirements pertaining to insurance coverage for the protection of the public (49 CFR 1043) and the designation of agents upon whom process may be served (49 CFR 1044). Applicant will also render reasonably continuous and adequate service under this authority. Failure to meet these conditions will constitute sufficient grounds for the suspension, change, or revocation of this authority. This authority is subject to any terms, conditions, and limitations as are now, or will be, attached to this privilege. The service to be performed is described on the reverse side of this document. By the Commission. James H Bayne Secretary (Seal) PM – 31 (Rev. 10/84) Service Date June 26, 1991 INTERSTATE COMMERCE COMMISSION Permit MC-187801 (Sub 1-P) WOOTTON TRANSPORTATION SERVICES, INC. dba K & J ENTERPRISES DURHAM, NORTH CAROLINA This License is evidence of the applicant’s authority to engage in transportation as a contract carrier by motor vehicle. This authority will be effective as long as the carrier maintains compliance with the requirements pertaining to insurance coverage for the protection of the public (49 CFR 1043) and the designation of agents upon whom process may be served (49 CFR 1044); the execution of contracts (49 CFR 1053)1; and for passenger carriers, tariffs or schedules (49 CFR 1312). This authority is subject to any terms, conditions, and limitations as are now, or will be, attached to this privilege. The transportation services to be performed is described on the reverse side of this document. By the Commission. Sidney L Strickland, Jr Secretary (Seal) 1 While the execution of contracts must be accomplished, it is unnecessary to file them with the Commission.