EXHIBIT 10.1

July 8, 2002

Mr. Brian P. Kelley
1411 Sodon Lake Drive
Bloomfield Hills, MI 48302

        Dear Brian:

        This letter amends and restates my letter to you dated June 28, 2002,
which was accepted by you on July 1, 2002. I am pleased to confirm the terms of
the offer of employment to you at SIRVA Inc.'s ("SIRVA") offices near Chicago,
Illinois. The offer is as follows:

Position:
 
President and Chief Executive Officer for SIRVA.
Salary:
 
$575,000 per year, payable in installments on SIRVA's regular payroll dates.
Start Date:
 
August 5, 2002
Annual Bonus:
 
You will be eligible to participate in SIRVA's Management Incentive Program with
a projected target bonus of up to 100% of base salary. You will be guaranteed
the pro rata portion of your 2002 bonus from your start date (ie., $240,000 if
you start August 5, 2002).
Change of Control:
 
In the event your employment is terminated without cause within two years
following a "change of control", you shall be entitled to receive a payment
equal to two times your annual base salary. In addition, you shall also receive
a pro rata bonus for the year in which your termination occurs based on the
target bonus payable to you for such year.
 
 
"Change of control" shall have the same meaning as set forth in the SIRVA, Inc.
Stock Incentive Plan.
 
 
This payment shall be subject to approval by a vote of the shareholders of SIRVA
in order to qualify for the available exemption from the golden parachute
provisions of the Internal Revenue Code of 1986, as amended.
Stock Purchase:
 
You will be provided the opportunity to purchase up to Seven Thousand (7,000)
shares (the "Shares") of common stock, par value $0.01 per share, of SIRVA at
the fair market value of such stock, which has been established by SIRVA's Board
of Directors to be $142.00 per share. Our expectation is that you would buy a
minimum of Three Thousand (3,000) shares.
 
 
The purchase of the shares will be made pursuant to a management stock
subscription agreement that is substantially similar to those in effect for
other officers of SIRVA. The material terms of that agreement are summarized on
Annex "A" attached hereto.
 
 
 

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Stock Options:
 
For each share purchased, you will receive a grant of options to purchase three
(3) shares of SIRVA common stock, up to an aggregate of Twenty-one Thousand
(21,000) shares, at an exercise price of $142 per share (the "Options"). The
Option grant will be made pursuant to a management stock option agreement that
is substantially similar to those in effect for other officers of SIRVA. The
material terms of that agreement are summarized on Annex "B" attached hereto.
Benefits:
 
You will be entitled to participate in all health, welfare and other similar
benefits available to senior executives of SIRVA.
Severance:
 
Except as otherwise provided under the section "Change of Control", in the event
that your employment is terminated by SIRVA without cause, you will be entitled
to receive continued payments of your base salary and health benefits until the
earlier of one year after termination or until you obtain new employment. These
continued payments would be subject to your execution of a general release and
standard provisions regarding confidentiality, non-competition and
non-solicitation of employees, agents and customers.
Board:
 
You will be a member of the Board of Directors of SIRVA for as long as you serve
as SIRVA CEO.
Additional Terms:
 
This offer is contingent upon:
 
 
•  your not being subject to any contract that would be violated by your
employment with SIRVA; and
 
 
•  your successful completion of a drug/alcohol screening prior to your start
date.

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        Brian, on behalf of the Board of Directors, I would like to welcome you
to the SRIVA team. I am very excited about you joining our company and look
forward to working with you. If you have any questions, please do not hestitate
to call me at 212-407-5259.

Sincerely,

/s/ James W. Rogers
James W. Rogers

cc: Donald J. Gogel
Kevin J. Conway
Richard J. Schnall

ACCEPTED AND AGREED TO
AS OF JULY 8, 2002:

 
   
   

 
 
 
 
  /s/  BRIAN P. KELLEY      

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Brian P. Kelley        

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