Exhibit A - Fast Pay Discount Payment Terms Agreement
Notwithstanding any different or conflicting terms contained in any applicable transportation service agreement or other document
between your company and Hub, the following payment terms included in this Fast Pay Discount Payment Terms Agreement (the
“Fast Pay Program”) shall apply on each shipment tendered to your company from Hub Group, Inc., Hub City Terminals, Inc. or their
affiliates (hereinafter referred to as “Hub”) and constitutes a binding agreement between Hub on the one hand, and, your company, the
vendor performing the transportation services, on the other hand (hereinafter referred to as “Vendor”).
The effective date of this Fast Pay Program shall be 5 business days from this date:
The actual effective date of this Fast Pay Program is:
Hub Contact Person (This is a mandatory field): Phone #:
Vendor shall invoice Hub directly and Hub shall pay Vendor, within thirty (30) calendar days of receipt of the invoice and required
paperwork, as requested by Hub, for transportation services duly performed by Vendor. No interest penalty or other credit
enforcement provision shall apply in the event of Hub’s inadvertent failure to pay as stated in this Fast Pay Program. In addition, Hub
shall be entitled to a discount for meeting payment terms of less than thirty (30) days from invoice receipt date in accordance with the
following schedule:
Please place an “X” in the box next to the Fast Pay Discount Option you choose to participate in.
5% discount for payment made within three (3) business days of Hub’s receipt of invoice and required paperwork
4% discount for payment made within seven (7) business days of Hub’s receipt of invoice and required paperwork
3% discount for payment made within fourteen (14) business days of Hub’s receipt of invoice and required paperwork
2% discount for payment made within twenty-one (21) business days of Hub’s receipt of invoice and required paperwork
The discount shall be based on gross charges billed to Hub by Vendor. Hub shall have the right to reduce its
payments to Vendor for each invoice by the amount of the applicable discount, above. In order to participate in
this Fast Pay Program, Vendor cannot be in a current contract with a factoring company. The terms and
conditions of this Fast Pay Program, in whole or in part, are subject to change or termination at any time without
notice, per Hub’s sole discretion.
Vendor must be setup on ACH (Automatic Clearing House) – Electronic Direct Deposit Services in order to participate in this Fast
Pay Program. Upon signing this Agreement, below, Vendor may thereafter choose to terminate its participation in this Fast Pay
Program at any time upon at least thirty (30) days prior written or electronic notice to: Hub Group, Inc., Attn: Chris Keller, 3050
Highland Parkway, Suite 100, Downers Grove, IL 60515, ckeller@hubgroup.com. Upon the effective date of such termination, the
payment terms contained in the applicable transportation service agreement or other documentation between Vendor and Hub shall
apply.
Time clock for the Fast Pay Discount Option chosen by Vendor, above, starts after Hub receives the paperwork, not after the
load is delivered (i.e. 3 days after Hub receives the paperwork not 3 days after the load is delivered). Payments are
processed:
Monday for settlement on Tuesday
Wednesday for settlement on Thursday
Friday for settlement on Monday
Hub Authorized Signature Vendor Authorized Signature
Company Company
Name: Hub Group, Inc. Name:
By: Chris Keller By:
Title: Director of Carrier Development Title:
Date: Date:
Confidential Page 1 11/16/2011
Company Use Only
Vendor# ________
Exhibit B – ACH (Automatic Clearing House) Form Letter
Dear Vendor:
Hub Group, Inc. (“Hub”) is implementing a program whereby Hub will begin paying its vendors using Direct
Deposit Services (ACH). This electronic payment method deposits ACH payments directly into your
company’s bank account. This payment method is being offered to all of Hub’s vendors. Payment
remittance information will be automatically transmitted to you via e-mail (it is important to provide your e-
mail address). Your company, as one of Hub’s Vendors, must have a U.S. bank account in order to
participate in this program.
Using Hub’s new ACH processing can provide significant benefits.
It reduces the possibility of lost checks
It reduces the lock box processing and any associated bank fees
It allows for more timely payments
Better management of receivables
In order to ensure your company receives payments promptly, please respond by providing the information
requested below and fax this notice back to: (630) 493-7052.
Company Name: MC#:
Address: P.O. Box:
Suite: City, State, Zip:
Company Phone #:
Bank Name:
Address: P.O. Box:
Suite: City, State, Zip:
Account #:
ABA Routing #:
Contact Name: Contact Title:
Direct Phone #: Fax #:
e-mail Address:
Contact Signature: Date:
* If confidential information is requested, we will contact the individual listed under contact name. No
changes will be made unless requested in writing.
** The person listed here will receive e-mail confirmations after a payment has been sent to your account.
Sincerely,
Michelle Rotstein
Cash Disbursements Manager
(630) 271-3757
Confidential Page 2 11/16/2011