Amendment No. 1 to Private Shelf Agreement dated as of June 29, 2020 among Schneider National Leasing, Inc., PGIM, Inc. and the other parties thereto

Ladies and Gentlemen:

This letter amendment (this “Letter”) makes reference to the Private Shelf Agreement, dated as of June 17, 2020 (the “Agreement”), between Schneider National Leasing, Inc., a Nevada corporation (the “Company”), PGIM, Inc. (“Prudential”) and each Prudential Affiliate (as defined therein) which becomes bound by the provisions thereof. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.

The Company has requested that Prudential amend the Agreement to extend the term of the Issuance Period, as set forth below. Subject to the terms and conditions hereof, Prudential is willing to agree to such request.

Accordingly, and in accordance with the provisions of Section 17 of the Agreement, the parties hereto agree as follows:

SECTION 1.    Amendment to Agreement. Effective upon the Effective Date (as defined in Section 2 below), Prudential and the Company agree that Section 2.1(b) of the Agreement is hereby amended to delete the reference to “June 19, 2022” contained therein and insert “July 28, 2023” in lieu thereof.

SECTION 2.    Effectiveness. The amendment in Section 1 of this Letter shall become effective on the date (the “Effective Date”) that Prudential receives counterparts of this Letter executed by the Company, Prudential and each Guarantor.

SECTION 3.    Representations and Warranties. The Company and each Guarantor represents and warrants to Prudential that (a) the execution and delivery of this Letter has been duly authorized by all necessary corporate action on behalf of the Company and each Guarantor, this letter has been executed and delivered by a duly authorized officer of each Company and each Guarantor, and the Company and each Guarantor has obtained all authorizations, consents and approvals necessary for the execution, delivery and performance of this Letter and such authorizations, consents and approvals are in full force and effect, (b) each representation and warranty set forth in Section 5 of the Agreement and in Section 5 of the Parent Guaranty is true and correct as of the date of the execution and delivery of this Letter by the Company and the Parent with the same effect as if made on such date (except to the extent such representations and warranties expressly refer to an earlier date, in which case they were true and correct as of such earlier date) and (c) after giving effect hereto no Event of Default or Default exists.

SECTION 4.    Guarantor Consent and Confirmation. Each Guarantor hereby consents to the amendments to the Agreement made by this Letter, ratifies and reaffirms all of its

payment and performance obligations, contingent or otherwise, under the Guaranty Agreement to which it is a party, and confirms and agrees that each reference in the Guaranty Agreement to which it is a party to the “Guaranteed Obligations” (as defined in such Guaranty Agreement) is construed to hereafter include the Company’s obligations under the Agreement as amended by this Letter. Each Guarantor acknowledges that the Guaranty Agreement to which it is a party remains in full force and effect and is hereby ratified and confirmed. Without limiting the generality of the foregoing, each Guarantor hereby acknowledges and confirms that it intends that the Guaranty Agreement to which it is a party will continue to secure, to the fullest extent provided thereby, the payment and performance of all Guaranteed Obligations.

SECTION 5.    Reference to and Effect on Agreement. Upon the effectiveness of the amendment made in this Letter, each reference to the Agreement in any other document, instrument or agreement shall mean and be a reference to the Agreement as modified by this Letter. Except as specifically set forth in Section 1 hereof, the Agreement shall remain in full force and effect and is hereby ratified and confirmed in all respects. Except as specifically stated in Section 1 of this Letter, the execution, delivery and effectiveness of this Letter shall not (a) amend the Agreement, (b) operate as a waiver of any right, power or remedy of Prudential, or (c) constitute a waiver of, or consent to any departure from, any provision of the Agreement at any time. The execution, delivery and effectiveness of this Letter shall not be construed as a course of dealing or other implication that Prudential has agreed to or is prepared to grant any amendments to the Agreement in the future, whether or not under similar circumstances.

SECTION 6.    Expenses. The Company hereby confirms its obligations under the Agreement, whether or not the transactions hereby contemplated are consummated, to pay, promptly after request by Prudential, all reasonable out-of-pocket costs and expenses, including attorneys’ fees and expenses, incurred by Prudential in connection with this Letter or the transactions contemplated hereby, in enforcing any rights under this Letter, or in responding to any subpoena or other legal process or informal investigative demand issued in connection with this Letter or the transactions contemplated hereby. The obligations of the Company under this Section 6 shall survive transfer by any holder of any Note and payment of any Note.

SECTION 7.    Governing Law. THIS LETTER SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF ILLINOIS, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS OF SUCH STATE WHICH WOULD OTHERWISE CAUSE THIS LETTER TO BE CONSTRUED OR ENFORCED OTHER THAN IN ACCORDANCE WITH THE LAWS OF THE STATE OF ILLINOIS.

SECTION 8.    Counterparts; Electronic Contracting; Section Titles. This Letter may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same instrument. The parties agree to electronic contracting and signatures with respect to this Letter. Delivery of an electronic signature to, or a signed copy of, this Letter by facsimile, email or other electronic transmission shall be fully binding on the parties to the same extent as the delivery of the signed originals and shall be admissible into evidence for all purposes. Notwithstanding the foregoing, if Prudential or any Purchaser shall request manually signed counterpart signatures to this Letter, the Company and the Guarantors hereby agree to use their reasonable endeavors to provide such manually signed signature pages as soon as reasonably practicable. The section titles contained in this Letter are and shall be without substance, meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto.