Exhibit 10.1
 UT Worldwide Inc.
 U.S.$150,000,000 3.67% Senior Unsecured Guaranteed Notes  due August 24, 2018
 Note Purchase Agreement




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Table of Contents
 Section
    
    Heading
    
    PageSection 1.Authorization of Notes
    
    
    1Section 1.1.
    
    Authorization of Notes
    
    
    1Section 1.2.
    
    Guarantee Agreement
    
    
    1Section 2.Sale and Purchase of Notes
    
    
    1Section 3.Closing
    
    
    2Section 4.Conditions to Closing
    
    
    2Section 4.1.
    
    Representations and Warranties
    
    
    2Section 4.2.
    
    Performance; No Default
    
    
    2Section 4.3.
    
    Compliance Certificates
    
    
    3Section 4.4.
    
    Opinions of Counsel
    
    
    3Section 4.5.
    
    Purchase Permitted By Applicable Law, Etc
    
    
    3Section 4.6.
    
    Sale of Other Notes
    
    
    3Section 4.7.
    
    Payment of Special Counsel Fees
    
    
    4Section 4.8.
    
    Private Placement Number
    
    
    4Section 4.9.
    
    Changes in Corporate Structure
    
    
    4Section 4.10.
    
    Acceptance of Appointment to Receive Service of Process
    
    
    4Section 4.12.
    
    Proceedings and Documents
    
    
    4Section 4.13.
    
    Subsidiary Guarantee Agreement
    
    
    4Section 4.14.
    
    2006 Notes; Existing Credit Agreement
    
    
    4Section 4.15.
    
    New Global Credit Facility
    
    
    4Section 4.16.
    
    Approvals
    
    
    5Section 5.Representations and Warranties of the Obligors
    
    
    5Section 5.1.
    
    Organization; Power and Authority
    
    
    5Section 5.2.
    
    Authorization, Etc
    
    
    5Section 5.3.
    
    Disclosure
    
    
    5Section 5.4.
    
    Organization and Ownership of Shares of Subsidiaries; Affiliates
    
    
    6Section 5.5.
    
    Financial Statements; Material Liabilities
    
    
    7Section 5.6.
    
    Compliance with Laws, Other Instruments, Etc
    
    
    7Section 5.7.
    
    Governmental Authorizations, Etc
    
    
    7Section 5.8.
    
    Litigation; Observance of Agreements, Statutes and Orders
    
    
    7Section 5.9.
    
    Taxes
    
    
    8Section 5.10.
    
    Title to Property; Leases
    
    
    8Section 5.11.
    
    Licenses, Permits, Etc
    
    
    8Section 5.12.
    
    Compliance with ERISA; Non-U.S. Plans
    
    
    9Section 5.13.
    
    Private Offering by the Company
    
    
    10
  -i-




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Section
    
    Heading
    
    PageSection 5.14.
    
    Use of Proceeds; Margin Regulations
    
    
    10Section 5.15.
    
    Existing Indebtedness; Future Liens
    
    
    11Section 5.16.
    
    Foreign Assets Control Regulations, Etc
    
    
    11Section 5.17.
    
    Status under Certain Statutes
    
    
    12Section 5.19.
    
    Ranking of Obligations
    
    
    12Section 5.20.
    
    Obligor Group
    
    
    13Section 5.21.
    
    CASS Reserve
    
    
    13Section 5.22.
    
    Labor Matters
    
    
    13Section 5.23.
    
    Insolvency
    
    
    13Section 6.Representations of the Purchaser
    
    
    14Section 6.1.
    
    Purchase for Investment
    
    
    14Section 6.2.
    
    Source of Funds
    
    
    16Section 6.3.
    
    Accredited Investor
    
    
    16Section 7.Information as to Company
    
    
    16Section 7.1.
    
    Financial and Business Information
    
    
    16Section 7.2.
    
    Officers Certificate
    
    
    20Section 7.3.
    
    Visitation
    
    
    20Section 7.4.
    
    Limitation on Disclosure Obligation
    
    
    21Section 8.Payment and Prepayment of the Notes
    
    
    21Section 8.1.
    
    Required Prepayments
    
    
    21Section 8.2.
    
    Optional Prepayments with Make-Whole Amount
    
    
    21Section 8.3.
    
    Prepayment for Tax Reasons
    
    
    23Section 8.4.
    
    Prepayment of Notes upon Change of Control
    
    
    24Section 8.5.
    
    Allocation of Partial Prepayments
    
    
    24Section 8.6.
    
    Maturity; Surrender, Etc
    
    
    24Section 8.7.
    
    Purchase of Notes
    
    
    25Section 8.8.
    
    Make-Whole Amount and Modified Make-Whole Amount
    
    
    25Section 8.9.
    
    Prepayment in Connection with Sales of Assets
    
    
    27Section 9.Affirmative Covenants
    
    
    27Section 9.1.
    
    Compliance with Law
    
    
    27Section 9.2.
    
    Insurance
    
    
    27Section 9.3.
    
    Maintenance of Properties
    
    
    27Section 9.4.
    
    Payment of Taxes and Claims
    
    
    28Section 9.5.
    
    Corporate Existence, Etc
    
    
    28Section 9.6.
    
    Books and Records
    
    
    28Section 9.7.
    
    Priority of Obligations
    
    
    28Section 9.8.
    
    [Reserved]
    
    
    29Section 9.9.
    
    Dividend Capture from South Africa.
    
    
    29Section 9.10.
    
    Additional Obligors and Collateral
    
    
    29Section 9.11.
    
    Release of Subsidiary Guarantors
    
    
    30
  -ii-




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Section
    
    Heading
    
    PageSection 9.12.
    
    Group Structure
    
    
    30Section 9.13.
    
    CASS Agreement
    
    
    30Section 9.14.
    
    Additional Restrictions
    
    
    31Section 9.15.
    
    2009 Notes Covenants
    
    
    32Section 9.16.
    
    Post-Closing Obligations
    
    
    32Section 10.Negative Covenants
    
    
    32Section 10.1.
    
    Transactions with Affiliates
    
    
    32Section 10.2.
    
    Restricted Payments
    
    
    33Section 10.3.
    
    Consolidated Total Debt Coverage
    
    
    33Section 10.4.
    
    Priority Debt
    
    
    33Section 10.5.
    
    Liens
    
    
    33Section 10.6.
    
    Subsidiary Indebtedness
    
    
    35Section 10.7.
    
    Merger, Consolidation, Etc
    
    
    37Section 10.8.
    
    Sale of Assets
    
    
    37Section 10.9.
    
    Line of Business
    
    
    39Section 10.10.
    
    Terrorism Sanctions Regulations
    
    
    39Section 10.11.
    
    Subsidiaries in South Africa
    
    
    39Section 10.12.
    
    Minimum Debt Service Ratio
    
    
    39Section 10.13.
    
    Capital Leases
    
    
    39Section 11.Events of Default
    
    
    42Section 12.Remedies on Default, Etc
    
    
    42Section 12.1.
    
    Acceleration
    
    
    43Section 12.2.
    
    Other Remedies
    
    
    43Section 12.3.
    
    Rescission
    
    
    43Section 12.4.
    
    No Waivers or Election of Remedies, Expenses, Etc
    
    
    44Section 12.5.
    
    Executive Proceedings
    
    
    45Section 13.Tax Indemnification
    
    
    46Section 14.Registration; Exchange; Substitution of Notes
    
    
    48Section 14.1.
    
    Registration of Notes
    
    
    48Section 14.2.
    
    Transfer and Exchange of Notes
    
    
    48Section 14.4.
    
    Representations of Transferee
    
    
    49Section 15.Payments on Notes
    
    
    49Section 15.1.
    
    Place of Payment
    
    
    49Section 15.2.
    
    Home Office Payment
    
    
    49
  -iii-




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Section
    
    Heading
    
    PageSection 16.Expenses, Etc
    
    
    51Section 16.1.
    
    Transaction Expenses
    
    
    50Section 16.2.
    
    Certain Taxes
    
    
    50Section 16.3.
    
    Survival
    
    
    50Section 17.Survival of Representations and Warranties; Entire Agreement
    
    
    50Section 18.Amendment and Waiver
    
    
    51Section 18.1.
    
    Requirements
    
    
    51Section 18.2.
    
    Solicitation of Holders of Notes
    
    
    51Section 18.3.
    
    Binding Effect, Etc
    
    
    52Section 18.4.
    
    Notes Held by Obligors, Etc
    
    
    52Section 19.Notices; English Language
    
    
    52Section 20.Reproduction of Documents
    
    
    53Section 21.Confidential Information
    
    
    53Section 22.Substitution of Purchaser
    
    
    54Section 23.Subsidiary Guarantee Agreement
    
    
    54Section 23.1.
    
    Guarantee and Indemnity
    
    
    55Section 23.2.
    
    Continuing Guarantee
    
    
    55Section 23.3.
    
    Reinstatement
    
    
    55Section 23.4.
    
    Waiver of Defenses
    
    
    57Section 23.5.
    
    Immediate Recourse
    
    
    57Section 23.6.
    
    Appropriations
    
    
    58Section 23.7.
    
    Non-competition
    
    
    58Section 23.8.
    
    Release of Subsidiary Guarantors' Right of Contribution
    
    
    59Section 23.9.
    
    Releases
    
    
    59Section 23.10.
    
    Marshaling
    
    
    60Section 23.11.
    
    Liability
    
    
    60Section 23.12.
    
    Character of Obligation
    
    
    61Section 23.13.
    
    Election to Perform Obligations
    
    
    61Section 23.14.
    
    No Election
    
    
    62Section 23.15.
    
    Severability
    
    
    62Section 23.16.
    
    Other Enforcement Rights
    
    
    62Section 23.17.
    
    Restoration of Rights and Remedies
    
    
    62Section 23.18.
    
    Survival
    
    
    62Section 23.19.
    
    Miscellaneous
    
    
    63Section 23.20.
    
    Limitation
    
    
    63Section 23.21.
    
    Written Notice
    
    
    63Section 23.22.
    
    Unenforceability of Obligations
    
    
    65
  -iv-




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Section
    
    Heading
    
    PageSection 23.23.
    
    Contribution
    
    
    64Section 23.24.
    
    Additional Security
    
    
    64Section 23.25.
    
    Limitations  Belgium
    
    
    64Section 23.26.
    
    Limitations  Spain
    
    
    64Section 23.27.
    
    Limitations  Hong Kong
    
    
    64Section 23.28.
    
    Limitations  Germany
    
    
    65Section 23.29.
    
    Limitations  the Netherlands
    
    
    66Section 23.30.
    
    U.S. Guarantors
    
    
    66Section 23.31.
    
    Limitations - UK
    
    
    67Section 23.32.
    
    Limitation on Pyramid Freight
    
    
    68Section 23.33.
    
    Limitations  Singapore
    
    
    68Section 23.34.
    
    Irish Obligors
    
    
    68Section 23.35.
    
    Guarantor Intent
    
    
    68Section 24.Miscellaneous
    
    
    68Section 24.1.
    
    Successors and Assigns
    
    
    68Section 24.2.
    
    Payments Due on Non-Business Days
    
    
    68Section 24.3.
    
    Accounting Terms
    
    
    69Section 24.4.
    
    Severability
    
    
    69Section 24.5.
    
    Construction, Etc
    
    
    69Section 24.6.
    
    Counterparts
    
    
    70Section 24.7.
    
    Governing Law
    
    
    70Section 24.8.
    
    Jurisdiction and Process; Waiver of Jury Trial
    
    
    70Section 24.9.
    
    Obligation to Make Payment in Dollars
    
    
    71
  -v-




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Schedule A
    
    
    
    Information Relating to PurchasersSchedule B
    
    
    
    Defined TermsSchedule 8.1
    
    
    
    AmortizationExhibit 1
    
    
    
    Form of 3.67% Senior Unsecured
Guaranteed Note due August 24, 2018Exhibits 4.4(a)(i),
(ii), (iii) and (iv)
    
    
    
    Form of Opinion of U.S. Counsel to the ObligorsExhibits 4.4(a)(v),
and (vi)
    
    
    
    Form of Opinion of British Virgin Islands CounselExhibits 4.4(a)(vii)
    
    
    
    Form of Opinion of Australian CounselExhibits 4.4(a)(viii)
    
    
    
    Form of Opinion of Canadian CounselExhibit 4.4(a)(ix)
    
    
    
    Form of Opinion of Belgian CounselExhibit 4.4(a)(x)
    
    
    
    Form of Opinion of German CounselExhibit 4.4(a)(xi)
    
    
    
    Form of Opinion of Hong Kong CounselExhibit 4.4(a)(xii)
    
    
    
    Form of Opinion of Dutch CounselExhibit 4.4(a)(xiii)
    
    
    
    Form of Opinion of Spanish CounselExhibit 4.4(a)(xiv)
    
    
    
    Form of Opinion of English CounselExhibit 4.4(a)(xv)
    
    
    
    Form of Opinion of Guernsey CounselExhibit 4.4(a)(xvi)
    
    
    
    Form of Opinion of Singapore CounselExhibit 4.4(a)(xvii)
    
    
    
    Form of Opinion of Arizona CounselExhibit 4.4(b)
    
    
    
    Form of Opinion of Special Counsel to the PurchasersExhibit 9.10
    
    
    
    Form of Joinder AgreementExhibit 14.4
    
    
    
    Certificate of TransfereeSchedule 5.3
    
    
    
    Disclosure MaterialsSchedule 5.4
    
    
    
    Subsidiaries of the Company and Ownership of Subsidiary Stock
  -vi-




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Schedule 5.5
    
    
    
    Financial StatementsSchedule 5.7
    
    
    
    Governmental AuthorizationsSchedule 5.9
    
    
    
    Liability for TaxesSchedule 5.15
    
    
    
    Existing Indebtedness and LiensSchedule 5.22
    
    
    
    Collective Bargaining Agreements
  -vii-




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UT Worldwide Inc.   100 Oceangate, Suite 1500  Long Beach, California 90802
 U.S.$150,000,000 3.67% Senior Unsecured Guaranteed Notes  due August 24, 2018
    Company Purchaser Purchasers
 Section 1. Authorization of Notes.
 Section 1.1. Authorization of Notes. Notes,
 Section 1.2. Subsidiary Guarantee Agreement
 Section 2. Sale and Purchase of Notes.




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 3. Closing.
 Closing
 Section 4. Conditions to Closing.
  Section 4.1. Representations and Warranties
 Section 4.2. Performance; No Default
  -2-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 4.3. Compliance Certificates
 Officers Certificate
 Secretarys or Directors Certificate
 Section 4.4. Opinions of Counsel
 Section 4.5. Purchase Permitted By Applicable Law, Etc
 Section 4.6. Sale of Other Notes
  -3-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 4.7. Payment of Special Counsel Fees
 Section 4.8. Private Placement Number
 Section 4.9. Changes in Corporate Structure
 Section 4.10. Acceptance of Appointment to Receive Service of Process
 Section 4.11. Funding Instructions
 Section 4.12. Proceedings and Documents
 Section 4.13. Subsidiary Guarantee Agreement
 Section 4.14. 2006 Notes; Existing Credit Agreement
 Section 4.15. New Global Credit Facilities
  -4-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 4.16. Approvals
 Section 5. Representations and Warranties of the Obligors.
  Section 5.1. Organization; Power and Authority
 Section 5.2. Authorization, Etc
 Section 5.3. Disclosure Disclosure Documents
  -5-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 5.4. Organization and Ownership of Shares of Subsidiaries; Affiliates
        -6-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 5.5. Financial Statements; Material Liabilities
 Section 5.6. Compliance with Laws, Other Instruments, Etc
 Section 5.7. Governmental Authorizations, Etc
 Section 5.8. Litigation; Observance of Agreements, Statutes and Orders
  -7-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Patriot
 Section 5.9. Taxes
  Section 5.10. Title to Property; Leases
 Section 5.11. Licenses, Permits, Etc
  -8-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
   Section 5.12. Compliance with ERISA; Non-U.S. Plans
     -9-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
   Section 5.13. Private Offering by the Company
 Section 5.14. Use of Proceeds; Margin Regulations
  -10-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 5.15. Existing Indebtedness; Future Liens
   Section 5.16. Foreign Assets Control Regulations, Etc OFAC) OFAC Listed Person Blocked Person
   -11-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Anti-Money Laundering Laws
  Section 5.17. Status under Certain Statutes
 Section 5.18. Environmental Matters
     -12-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 5.19. Ranking of Obligations pari passu
 Section 5.20. Obligor Group.
 Section 5.21. CASS Reserve
 Section 5.22. Labor Matters
   Section 5.23. Insolvency
      -13-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 6. Representations of the Purchaser.
 Section 6.1. Purchase for Investment
 Section 6.2. Source of Funds Source
 PTE NAIC Annual Statement
    -14-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 QPAM Exemption
 INHAM Exemption
      -15-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 6.3. Accredited Investor
 Section 6.4 Information Regarding the Company.
 Section 7. Information as to Company.
 Section 7.1. Financial and Business Information
 Quarterly Statements Form 10-Q
   provided provided further Electronic Delivery
  -16-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Annual Statements Form 10-K
       -17-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 provided Accountants Certificate provided further
 SEC and Other Reports provided
 Notice of Default or Event of Default or Litigation or Arbitration
   -18-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Employee Benefit Matters
     Notices from Governmental Authority
 Requested Information
 Quarterly Consolidating Working Papers
  -19-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 7.2. Officers Certificate
 Covenant Compliance
 Event of Default
 Section 7.3. Visitation
 No Default
 Default
  -20-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 7.4. Limitation on Disclosure Obligation
    Section 8. Payment and Prepayment of the Notes.
 Section 8.1. Required Prepayments provided
 Section 8.2. Optional Prepayments with Make-Whole Amount
  -21-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
  Section 8.3. Prepayment for Tax Reasons Tax Prepayment Notice" Rejection Notice"
  -22-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
   Additional Payments Change in Tax Law
  -23-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 8.4. Prepayment of Notes upon Change of Control
 Condition to Company Action.
 Offer to Prepay Notes. holder Proposed Prepayment Date"
 Acceptance; Rejection.
 Prepayment.
 Officers Certificate.
 Section 8.5. Allocation of Partial Prepayments
 Section 8.6. Maturity; Surrender, Etc
  -24-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 8.7. Purchase of Note
 Section 8.8. Make-Whole Amount and Modified Make-Whole Amount Make-Whole Amount Modified Make-Whole Amount
 Applicable Percentage
 Called Principal
 Discounted Value
  -25-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Reinvestment Yield
 Remaining Average Life
 Remaining Scheduled Payments
 Settlement Date
  -26-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 8.9. Prepayment in Connection with Sales of Assets Disposition Prepayment Date" provided, however, Disposition Response Date"
 Section 9. Affirmative Covenants.
  Section 9.1. Compliance with Law
 Section 9.2. Insurance
 Section 9.3. Maintenance of Properties
  -27-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 9.4. Payment of Taxes and Claims
 Section 9.5. Corporate Existence, Etc
 Section 9.6. Books and Records
 Section 9.7. Priority of Obligations provided
 Section 9.8. [Reserved] .
  -28-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 9.9. Dividend Capture from South Africa.
 Section 9.10. Additional Obligors. Additional Guarantor" Joinder Agreement"
     UTi Israel"
  -29-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 9.11. Release of Subsidiary Guarantors; Substitution of Subsidiary Guarantors provided
  Section 9.12. Group Structure
 Section 9.13. CASS Agreement
  -30-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 9.14. Additional Restrictions Reference Agreement" New Covenants" Improved Covenants Additional Covenants" mutatis mutandi,
 provided
 Memorialization" mutatis mutandi.
 provided
   -31-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
  Section 9.15. 2009 Notes Covenants mutatis mutandi,
 Section 9.16. Post-Closing Obligations. escritura pública Ley
1/2000 de 7 de enero, Ley de Enjuiciamiento Civil Civil Procedural Law" primera copia
autorizada
 Section 10. Negative Covenants.
  Section 10.1. Transactions with Affiliates
  -32-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 10.2. Restricted Payments.
 Limitation. unless
 Time of Payment.
 Section 10.3. Consolidated Total Debt Coverage.
 Section 10.4. Priority Debt
 Section 10.5. Liens
      -33-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
        provided
   -34-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
    Section 10.6. Subsidiary Indebtedness
       -35-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
           -36-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 10.7. Merger, Consolidation, Etc
    Section 10.8. Sale of Assets. Disposition"
   provided
   -37-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
      Section 10.9. Line of Business
  -38-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 10.10. Terrorism Sanctions Regulation
 Section 10.11. Subsidiaries in South Africa.
 Section 10.12. Minimum Debt Service Ratio
 Section 10.13. Capital Leases.
 Section 11. Events of Default.
       -39-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
     -40-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
  failliet verklaard ontbonden redressement judiciaire, cession totale
de lentreprise liquidation judiciaire et seq. Insolvenzverfahren provided
    -41-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
    Section 12. Remedies on Default, Etc.
 Section 12.1. Acceleration
    -42-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
  Section 12.2. Other Remedies
 Section 12.3. Rescission
 Section 12.4. No Waivers or Election of Remedies, Expenses, Etc
  -43-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 12.5. Executive Proceedings.
 escritura pública
 et seq
 et seq acta notarial acta notarial
    -44-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 13. Tax Indemnification.
 Taxing Jurisdiction"
     -45-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
  provided further Original Jurisdiction"
 Forms"
   -46-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
       -47-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 14. Registration; Exchange; Substitution of Notes.
 Section 14.1. Registration of Notes
 Section 14.2. Transfer and Exchange of Notes provided
 Section 14.3. Replacement of Notes
    -48-




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UTi Worldwide Inc.
    
    Note Purchase Agreement
  Section 14.4. Representations of Transferee
 Section 15. Payments on Notes.
 Section 15.1. Place of Paymen
 Section 15.2. Home Office Payment
  -49-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 16. Expenses, Etc.
 Section 16.1. Transaction Expenses provided
 Section 16.2. Certain Taxes
 Section 16.3. Survival.
 Section 17. Survival of Representations and Warranties; Entire Agreement.
   -50-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 18. Amendment and Waiver.
 Section 18.1. Requirements.
 Section 18.2. Solicitation of Holders of Notes
 Solicitation.
 Payment
 Section 18.3. Binding Effect, Etc
  -51-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 18.4. Notes Held by Obligors, Etc
 Section 19. Notices; English Language.
         -52-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 20. Reproduction of Documents.
  Section 21. Confidential Information.
   -53-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
  Section 22. Substitution of Purchaser.
  Section 23. Subsidiary Guarantee Agreement.
 Section 23.1. Guarantee and Indemnity
  Guaranteed Obligations"
  -54-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
  Section 23.2. Continuing Guarantee
  Section 23.3. Reinstatement
  Section 23.4. Waiver of Defenses
     -55-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
            beneficios de
excusión, orden y división et seq.
  -56-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
 bénéfice de discussion et
de division
 droit de
discussion droit de division
    Section 23.5. Immediate Recourse
  Section 23.6. Appropriations
     -57-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 23.7. Non-competition
         Section 23.8. Release of Subsidiary Guarantors Right of Contribution
    -58-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 23.9. Releases
         Section 23.10. Marshaling
    -59-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 23.11. Liability
 Section 23.12. Character of Obligation
        -60-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
 force majeure,
    Section 23.13. Election to Perform Obligations
 Section 23.14. No Election
  -61-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 23.15. Severability
 Section 23.16. Other Enforcement Rights
 Section 23.17. Restoration of Rights and Remedies
 Section 23.18. Survival.
 Section 23.19. Miscellaneous
  -62-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
  Section 23.20. Limitation
 Section 23.21. Written Notice
 Section 23.22. Unenforceability of Obligations
    -63-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
  Section 23.23. Contribution.
 Section 23.24. Additional Security
 Section 23.25. Limitations  Belgium
 Section 23.26. Limitations  Spain Real Decreto Legislativo 1564/1989, de 22 de Diciembre,
por el que se aprueba el Texto Refundido de la Ley de Sociedades Anónimas Ley 2/1995, de 23 de marzo, de Sociedades de
Responsabilidad Limitada concurso
 Section 23.27. Limitations  Hong Kong
  -64-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 23.28. Limitations  Germany Kommanditgesellschaft Gesellschaft mit beschränkter
Haftung GmbH & Co. KG Gesellschaft mit
beschränkter Haftung GmbH Relevant German Obligor" verbundenes Unternehmen Aktiengesetz Handelsgesetbuch Net Asset" Stammkapital Rücklage für eigene Anteile Protected Capital" Begruendung
einer Unterbilanz Vertiefung einer
Unterbilanz
  Kapitalerhöhug aus Gesellschaftsmitteln
   Management Determination"
 Handelsgesetzbuch
  -65-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
     Section 23.29. Limitations  the Netherlands
 Section 23.30. U.S. Guarantors
 fraudulent transfer law
        -66-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
             Section 23.31. Limitations  UK
  -67-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 23.32. Limitation on Pyramid Freight
 Section 23.33. Limitations  Singapore
 Section 23.34. Irish Obligors
 Section 23.35. Guarantor Intent
 Section 24. Miscellaneous.
 Section 24.1. Successors and Assigns
 Section 24.2. Payments Due on Non-Business Days
  -68-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 24.3. Accounting Terms
  Section 24.4. Severability
 Section 24.5. Construction, Etc
   -69-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
 Section 24.6. Counterparts
 Section 24.7. Governing Law
 Section 24.8. Jurisdiction and Process; Waiver of Jury Trial
     -70-




---



##### 



UTi Worldwide Inc.
    
    Note Purchase Agreement
  The Parties hereto hereby waive trial by jury in any action brought on or with respect
to this agreement, the notes or any other document executed in connection herewith or
therewith.
 Section 24.9. Obligation to Make Payment in Dollar
   -71-




---



##### 



Very truly yours,UTi Worldwide Inc.By:
    /s/ Craig BraunDuly Authorized Signatory (acting pursuantto, and in accordance with, an empowering
resolution of the Board of Directors of UTi
Worldwide Inc.)




---



##### 



UTi (Aust) Pty LimitedUTi Belgium N.V.UTi Logistics N.V.Goddard Company LimitedPyramid Freight (Proprietary) LimitedUTi International Inc.UTi Networks LimitedUTi, Canada, Inc.UTi Canada Contract Logistics Inc.UTi Deutschland GmbHUTi (HK) LimitedUTi Global Services B.V.UTi Nederland B.V.UTi Technology Services Pte Ltd.UTi Worldwide (Singapore) Pte Ltd.Servicios Logisticos Integrados SLI SAUTi Iberia S.A.UTi Worldwide (UK) LimitedUTi Inventory Management Solutions IncConcentrek, Inc.InTransit, Inc.Market Transport, Ltd.Sammons Transportation, Inc.UTi, United States, Inc.UTi Integrated Logistics, Inc.By:
    /s/ Craig BraunAuthorized Signatory




---



##### 



The Prudential Insurance Company of AmericaBy
    
    /s/ Cornelia ChengVice PresidentPrudential
Retirement Insurance and Annuity CompanyBy:
    
    Prudential Investment Management, Inc., as
investment managerBy
    
    /s/ Cornelia ChengVice PresidentGibraltar Life Insurance Co., Ltd.By:
    
    Prudential Investment
Management (Japan),
Inc., as Investment ManagerBy:
    
    Prudential Investment
Management, Inc., as
Sub-AdviserBy
    
    /s/ Cornelia ChengVice PresidentThe Prudential Life Insurance Company, Ltd.By:
    
    Prudential Investment Management (Japan),
Inc., as Investment ManagerBy:
    
    Prudential Investment
Management, Inc., as
Sub-AdviserBy
    
    /s/ Cornelia ChengVice President




---



##### 



Defined Terms
  2006 Notes
 2009 Covenants
 2011 Agreements
 action Invorderingswet 1990
 Additional Guarantor
 Affiliate Control
 Applicable Jurisdiction
 Bank of the West Facility
 BBBEE
 Belgium Facility
 Schedule B




---



##### 



Blocked Person
 Business Day
 Capital Lease
 CASS
 CASS Agreement
 Cession in Security Agreement
 Change of Control
   Closing
 Code
 Company
  -2-




---



##### 



Confidential Information
 Consolidated EBITDA
        Consolidated Fixed Charges
 Consolidated Interest Payable
 Consolidated Net Worth
   latest balance
sheet"
   -3-




---



##### 



Consolidated Tangible Assets
 Consolidated Total Assets
 Consolidated Total Debt
   Controlled Entity Control
 Debt Service Ratio
 Default
 Default Rate
  -4-




---



##### 



disposal
 Auflassungsvormerkung
 Auflassung
 Grundstücksteilung
 Disposition
 Disposition Prepayment Date
 Disposition Response Date
 Distribution
 Dollars $ U.S.$
 duly authorized
 Wet
op de ondernemingsraden
 advies
 Dutch Civil Code Burgerlijk Wetboek
 Dutch Obligor
 Environmental Laws
 ERISA
 ERISA Affiliate
  -5-




---



##### 



Event of Default
 Exchange Act
 Existing Financing Agreements
 Existing Note Purchase Agreement
 Final Maturity Date
 financial assistance
 besloten vennootschap
 naamloze vennootschap
 Financing Agreements
 Form 10-K
 Form 10-Q
 French Commercial Code Code de Commerce
 GAAP provided IFRS
 German Facility
 Global Credit Facilities
  -6-




---



##### 



Governmental Authority
     Group
 guarantee cautionnement, aval garantie
 Guaranty
      Guernsey Obligor
  -7-




---



##### 



Hazardous Material
 holder
 IFRS
 inability to pay its debts cessation des paiements. Überschuldung drohende Zahlungsunfähigkeit
 Indebtedness
        -8-




---



##### 



insolvent drohende Zahlungsunfähigkeit Überschuldung
 Institutional Investor
 Joinder Agreement
 Joint Venture
 Lien
 Lien hypotheek pandrecht eigendomsvoorbehoud voorrecht recht van retentie recht van reclame beperkte recht goederenrechtelijk
zekerheidsrecht
 Make Whole Amount
 Material
  -9-




---



##### 



Material Adverse Effect
 Material Indebtedness
 Measurement Period
 Modified Make-Whole Amount
 moratorium surséance van betaling granted
a moratorium surséance verleend
 Multiemployer Plan
 NAIC
 Nedbank Facility
 Non-U.S. Plan
 Notes
 Obligors
 OFAC
 OFAC Listed Person
 OFAC Sanctions Program
  -10-




---



##### 



Officers Certificate
 Original Financial Statements
 PBGC
 Permitted Jurisdiction
 Person
 Plan
 Preferred Stock
 Pre-taxation Profits
 Primary Credit Facility
 Priority Debt
 property properties
 PTE
  -11-




---



##### 



Purchaser
 Pyramid Freight
 Pyramid Freight BVI
 Pyramid Freight, South Africa
 Qualified Institutional Buyer
 RBS Facility
 receiver administrator administrateur judiciaire, administrateur provisoire, mandataire ad hoc, conciliateur mandataire liquidateur
 receiver administrator Insolvenzverwalter Sachwalter
 reconstruction apport partiel dactifs scission
 Related Fund
 Release Date
 reorganization Umwandlungsgesetz
 Required Holders
  -12-




---



##### 



Responsible Officer
 Restricted Payment
    SEC
 SEC Report
 
    
    the Companys Annual Report on Form 10-K for the fiscal year ended
January 31, 2011, filed with the SEC on March 30, 2011;
    
    the Companys Quarterly Report on Form 10-Q for the quarter ended
April 30, 2011, filed with the SEC on June 6, 2011; and
    
    the Companys Current Report on Form 8-K filed with the SEC on April
18, 2011.
   -13-




---



##### 



Securities Act
 Senior Financial Officer
 Senior Indebtedness
 Significant Subsidiary
 South African Facilities
 South African Group
 South African Rand
 South African Subsidiary
 Spanish Obligor
 Subordinated Indebtedness
 Subsidiary
  -14-




---



##### 



Subsidiary Guarantee Agreement
 Subsidiary Guarantor
     provided
          -15-




---



##### 



SVO
 Synthetic Lease
 Tax
  -16-




---



##### 



Taxing Jurisdiction
 trustee curator
 U.S. Guarantor
 USA PATRIOT Act
 Wholly-Owned Subsidiary
 winding-up, administration or dissolution redressement judiciaire, cession totale de lenterprise or liquidation judiciaire or a procédure de
sauvegade unde Livre Sixiene
  -17-




---



##### 



Principal Amortization Schedule
 PrincipalDate
    
    Amortization Amount6/24/2011
    
    $
    0.002/24/2012
    
    $
    0.008/24/2012
    
    $
    0.002/24/2013
    
    $
    0.008/24/2013
    
    $
    0.002/24/2014
    
    $
    9,000,000.008/24/2014
    
    $
    9,000,000.002/24/2015
    
    $
    19,000,000.008/24/2015
    
    $
    19,000,000.002/24/2016
    
    $
    19,000,000.008/24/2016
    
    $
    19,000,000.002/24/2017
    
    $
    19,000,000.008/24/2017
    
    $
    19,000,000.002/24/2018
    
    $
    9,000,000.008/24/2018
    
    $
    9,000,000.00
 Schedule 8.1




---



##### 



[Form of Note]
 THIS NOTE HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED,
OR ANY OTHER APPLICABLE SECURITIES LAWS AND, ACCORDINGLY, MAY NOT BE SOLD OR OTHERWISE TRANSFERRED
UNLESS REGISTERED OR EXEMPT FROM REGISTRATION UNDER SAID ACT OR SUCH OTHER LAWS.
 UTi Worldwide Inc.
 
 No. R-[     ]
    
    [Date]U.S.$[]
    
    PPN
 For Value Received Company"     Dollars
  Notes" Note
Purchase Agreement"
 Exhibit 1




---



##### 



UTiWorldwide Inc.By:Name:Its:  Duly Authorized Signatory (acting
pursuant to and in accordance with, an
empowering resolution of the Board of
Directors of UTi Worldwide Inc.)  E-1-2