Exhibit 10.4
 CREDIT AGREEMENT




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TABLE OF CONTENTS
 PageARTICLE I. DEFINITIONS AND ACCOUNTING TERMS
    
    
    11.01 Defined Terms
    
    
    11.02 Other Interpretive Provisions
    
    
    161.03 Accounting Terms
    
    
    171.04 References to Agreements and Laws
    
    
    171.05 Times of Day
    
    
    171.06 Letter of Credit Amounts
    
    
    171.07 Alternative Currencies
    
    
    17ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS
    
    
    182.01 Revolving Loans
    
    
    182.02 Borrowings, Conversions and Continuations of Revolving Loans
    
    
    182.03 Letters of Credit
    
    
    192.04 Prepayments
    
    
    232.05 Termination or Reduction of Revolving Commitment
    
    
    232.06 Repayment of Revolving Loans
    
    
    242.07 Interest
    
    
    242.08 Fees
    
    
    242.09 Computation of Interest and Fees
    
    
    252.10 Evidence of Debt
    
    
    252.11 Payments Generally
    
    
    25ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY
    
    
    253.01 Taxes
    
    
    253.02 Illegality
    
    
    263.03 Inability to Determine Floating Eurodollar Rate
    
    
    273.04 Increased Cost and Reduced Return; Capital Adequacy
    
    
    273.05 Requests for Compensation
    
    
    273.06 Survival
    
    
    27ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
    
    
    274.01 Conditions of Initial Credit Extension
    
    
    274.02 Conditions to all Credit Extensions
    
    
    28ARTICLE V. REPRESENTATIONS AND WARRANTIES
    
    
    295.01 Organization; Power and Authority
    
    
    295.02 Authorization, Etc
    
    
    295.03 Disclosure
    
    
    295.04 Organization and Ownership of Shares of Subsidiaries; Affiliates
    
    
    30
  (i)




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Page5.05 Financial Statements; Material Liabilities
    
    
    305.06 Compliance with Laws, Other Instruments, Etc
    
    
    315.07 Governmental Authorizations, Etc
    
    
    315.08 Litigation; Observance of Agreements, Statutes and Orders
    
    
    315.09 Taxes
    
    
    315.10 Title to Property; Leases
    
    
    325.11 Licenses, Permits, Etc
    
    
    325.12 Compliance with ERISA; Non U.S. Plans
    
    
    325.13 Use of Proceeds; Margin Regulations
    
    
    335.14 Existing Indebtedness; Future Liens
    
    
    335.15 Foreign Assets Control Regulations, Etc
    
    
    345.16 Status under Certain Statutes
    
    
    345.17 Environmental Matters
    
    
    345.18 Ranking of Obligations
    
    
    355.19 Obligor Group
    
    
    355.20 CASS Reserve
    
    
    355.21 Labor Matters
    
    
    355.22 Insolvency
    
    
    355.23 Insurance
    
    
    35ARTICLE VI. AFFIRMATIVE COVENANTS
    
    
    366.01 Financial and Business Information
    
    
    366.02 Officers Certificate
    
    
    386.03 Inspection Rights
    
    
    386.04 Limitation on Disclosure Obligation
    
    
    396.05 Compliance with Law
    
    
    396.06 Insurance
    
    
    396.07 Maintenance of Properties
    
    
    396.08 Payment of Taxes and Claims
    
    
    396.09 Corporate Existence, Etc
    
    
    406.10 Books and Records
    
    
    406.11 Priority of Obligations
    
    
    406.12 Dividend Capture from South Africa
    
    
    406.13 Additional Obligors
    
    
    406.14 Release of Subsidiary Guarantors; Substitution of Subsidiary Guarantors
    
    
    416.15 Group Structure
    
    
    416.16 CASS Agreement
    
    
    42
  (ii)




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Page6.17 Additional Restrictions
    
    
    426.18 2009 Notes Covenants
    
    
    436.19 Post-Closing Obligations
    
    
    436.20 Use of Proceeds
    
    
    436.21 Further Assurances
    
    
    43ARTICLE VII. NEGATIVE COVENANTS
    
    
    437.01 Transactions with Affiliates
    
    
    437.02 Restricted Payments
    
    
    437.03 Consolidated Total Debt Coverage
    
    
    447.04 Priority Debt
    
    
    447.05 Liens
    
    
    447.06 Subsidiary Indebtedness
    
    
    457.07 Merger, Consolidation, Etc
    
    
    467.08 Sale of Assets
    
    
    477.09 Line of Business
    
    
    487.10 Terrorism Sanctions Regulations
    
    
    487.11 Subsidiaries in South Africa
    
    
    487.12 Minimum Debt Service Ratio
    
    
    487.13 Capital Leases
    
    
    48ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES
    
    
    488.01 Events of Default
    
    
    488.02 Remedies Upon Event of Default
    
    
    518.03 Application of Funds
    
    
    518.04 Executive Proceedings
    
    
    51ARTICLE IX. SUBSIDIARY GUARANTY
    
    
    529.01 Guaranty and Indemnity
    
    
    529.02 Unconditional Guaranty
    
    
    529.03 Reinstatement
    
    
    529.04 Waiver of Defenses
    
    
    539.05 Immediate Recourse
    
    
    539.06 Appropriations
    
    
    549.07 Non-Competition
    
    
    549.08 Release of Subsidiary Guarantors Right of Contribution
    
    
    549.09 Releases
    
    
    559.10 Marshaling
    
    
    559.11 Liability
    
    
    55
  (iii)




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Page9.12 Character of Obligation
    
    
    569.13 Election to Perform Obligations
    
    
    579.14 No Election
    
    
    579.15 Other Enforcement Rights
    
    
    579.16 Restoration of Rights and Remedies
    
    
    579.17 Survival
    
    
    579.18 Miscellaneous
    
    
    579.19 Limitation
    
    
    589.20 Written Notice
    
    
    589.21 Unenforceability of Obligations
    
    
    589.22 Contribution
    
    
    589.23 Additional Security
    
    
    599.24 Limitations  Belgium
    
    
    599.25 Limitations  Spain
    
    
    599.26 Limitations  Hong Kong
    
    
    599.27 Limitations  Germany
    
    
    599.28 Limitations  the Netherlands
    
    
    609.29 U.S. Guarantors
    
    
    609.30 Limitations  UK
    
    
    619.31 Limitation on Pyramid Freight
    
    
    619.32 Limitations  Singapore
    
    
    629.33 Irish Obligors
    
    
    629.34 Guarantor Intent
    
    
    62ARTICLE X. MISCELLANEOUS
    
    
    6210.01 Amendments; Etc
    
    
    6210.02 Notices and Other Communications; Facsimile Copies
    
    
    6210.03 No Waiver; Cumulative Remedies
    
    
    6310.04 Attorney Costs, Expenses and Taxes
    
    
    6310.05 Indemnification by the Borrower
    
    
    6310.06 Payments Set Aside
    
    
    6410.07 Successors and Assigns
    
    
    6410.08 Confidentiality
    
    
    6510.09 Set-off
    
    
    6610.10 Interest Rate Limitation
    
    
    6610.11 Counterparts
    
    
    6610.12 Integration
    
    
    66
  (iv)




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Page10.13 Survival of Representations and Warranties
    
    
    6610.14 Severability
    
    
    6710.15 Governing Law
    
    
    6710.16 Jurisdiction and Process; Waiver of Jury Trial
    
    
    6710.17 USA Patriot Act Notice
    
    
    68
 SCHEDULES
 5.03 Disclosure Materials5.04 Organization and Ownership of Shares of Subsidiaries; Affiliates5.05 Financial Statements5.07 Governmental Authorizations5.09 Liability for Taxes5.14 Existing Indebtedness and Liens5.21 Collective Bargaining Agreements
 EXHIBITS
 Form ofA Loan NoticeB Compliance CertificateC Joinder
  (v)




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CREDIT AGREEMENT
 Agreement Borrower Lender
   ARTICLE I.
DEFINITIONS AND ACCOUNTING TERMS
 Defined Terms
 2006 Notes
 2009 Covenants Sections 9.8 9.12 10.2 10.3 10.15
 2009 Note Purchase Agreement
 2011 Agreements
 2011 Note Purchase Agreement
 Account
 Accountants Certificate Section
6.01(b)(ii)(C)
 Invorderingswet
 Additional Covenants Section 6.17
 Additional Guarantor Section 6.13
 Affiliate
  -1-




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Agreement
 Alternate Base Rate
 Alternate Base Rate Loan
 Alternative Currency Equivalent
 Alternative Currency Section 1.07
 Alternative Currency LC Sublimit Section
2.03(a)(i)
 Anti-Money Laundering Laws Section 5.15(c)
 Applicable Jurisdiction
 Applicable Rate
 Attorney Costs
 Bank Product
 BBBEE
 Belgium Facility
 Blocked Person Section 5.16(a)
 Borrower
  -2-




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Business Day
 Capital Lease
 Cash Collateralize
 CASS
 CASS Agreement
 Cession in Security Agreement
 Change of Control
 Change of Control Notice Section 2.04(c)
 Closing Date Section
4.01
 Code
 Compliance Certificate
 Consolidated EBITDA
   -3-




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Section 6.18
   Section 6.18
  Consolidated Fixed Charges
 Consolidated Interest Payable
 Consolidated Net Worth
       Consolidated Tangible Assets
 Consolidated Total Assets
  -4-




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Consolidated Total Debt
 Contractual Obligation
 Control
 Credit Extension
 Debt Service Ratio
 Debtor Relief Laws
 Default
 Default Rate plus plus provided however
 Disclosure Documents Section 5.03
 Disposal
 Auflassungsvormerkeung
 Auflassung
 Grundstücksteilung).
 Disposition Section 7.08
 Distribution
 Dollar $
  -5-




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Dollar Equivalent
 Duly Authorized
 Wet
op de ondernemingsraden
 advies
 Dutch Civil Code Burgerlijk Wetboek
 Dutch Obligor
 Eligible Assignee Section 10.07(f)
 ERISA
 ERISA Affiliate
 Event of Default Section 8.01
 Excluded Taxes
 Exchange Act
 Existing Financing Agreements
 Financial Assistance
 besloten vennootschap
 naamloze vennootschap
 Floating Eurodollar Loan
  -6-




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Floating Eurodollar Rate
 Form 10-K Section 6.01(b)
 Form 10-Q Section 6.01(a)
 FRB
 French Commercial Code
 GAAP provided
 German Facility
 Global Credit Facilities
 Governmental Authority
 Group
 guarantee cautionnement aval garantie
 Guarantee Guaranty
    -7-




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Guaranteed Obligations Section 9.01(a)
 Hazardous Material
 Honor Date Section 2.03(c)(i)
 ICC Section 2.03(f)
 IFRS
 Improved Covenants Section 6.17
 Inability to Pay Its Debts cessation des paiements Zahlungsunfähigkeit Überschuldung drohende
Zahlungsunfähigkeit
 Indebtedness
       -8-




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Indemnified Liabilities Section 10.05
 Indemnified Taxes
 Indemnitees Section 10.05
 Information Section 10.08
 Insolvent Zahlungsunfähigkeit drohende
Zahlungsunfähigkeit Überschuldung
 Interest Payment Date
 Joinder Agreement Section 6.13
 Laws
 L/C Credit Extension
 L/C Obligations plus
 Lending Office Schedule 10.02
 Letter of Credit
 Letter of Credit Application
 Letter of Credit Expiration Date
 Letter of Credit Sublimit
  -9-




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Lien
 Lien hypotheek pandrecht eigendomsvoorbehoud voorrecht recht van retentie recht van reclame beperkte recht goederenrechtelijk
zekerheidsrecht
 Loan Account
 Loan Documents
 Loan Notice Section 2.02(a)
 Material
 Material Adverse Effect
 Material Indebtedness
 Maximum Rate Section 10.10
 Measurement Period
 Memorialization Section 6.17
 Moratorium surséance van betaling granted moratorium surséance verleend
 Multiemployer Plan
 Nedbank Agreement
 Net Asset Section 9.27
  -10-




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New Covenants Section 6.17
 Non-Affiliate
 Non-U.S. Plan
 Obligations
 Obligors
 OFAC Section 5.15(a)
 OFAC Listed Person Section 5.15(a)
 Organization Documents
 Original Financial Statements
 Outstanding Amount
 Participant Section 10.07(c)
 Patriot Act
 PBGC
  -11-




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Permitted Jurisdiction
 Person
 Plan
 Preferred Stock
 Pre-taxation Profits
 Primary Credit Facility
 Priority Debt Section 7.05 Section 7.06
 Pro Forma Basis
 Pyramid Freight
 Pyramid Freight BVI
 Pyramid Freight South Africa
 RBS Facility
 Receiver Administrator administrateur judiciare, administeur proviso ire, mandataire ad hoc, conciliateur mandataire liquidateur
 Receiver Administrator Insolvenzverwalter or creditors trustee (Sachwalter).
 reconstruction apport partiel dactifs scission
  -12-




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Reference Agreement Section 6.17
 Release Date
 Relevant German Obligor Section 9.27
 Reorganization Umwandlungsgesetz
 Request for Credit Extension
 Responsible Officer
 Restricted Payment
    Revaluation Date
 Revolving Availability Period
 Revolving Commitment
 Revolving Loan Section 2.01
 Revolving Maturity Date
 SEC
  -13-




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SEC Report
 
    
    the Borrowers Annual Report on Form 10-K for the fiscal year ended
January 31, 2011, filed with the SEC on March 30, 2011;
 
    
    the Borrowers Quarterly Report on Form 10-Q for the quarter ended
April 30, 2011, filed with the SEC on June 6, 2011; and
 
    
    the Borrowers Current Report on Form 8-K filed with the SEC on April
18, 2011.
  Securities Act
 Senior Financial Officer
 Senior Indebtedness
 Significant Subsidiary
 Solvent
 South African Facilities
 South African Group
 South African Rand
  -14-




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South African Subsidiary Spanish Obligor
 Spot Rate
 Subordinated Indebtedness
 Subsidiary
 Subsidiary Guarantor Section 6.14 Section 6.13
 Subsidiary Guaranty Agreement
 Synthetic Lease
  -15-




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Taxes
 Total Outstandings
 trustee
 Type
 U.S. Guarantor
 United States U.S.
 UTi Israel Section 6.13
 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
 Other Interpretive Provisions
  herein hereto hereof hereunder
  including
 documents
 from from and including to until to but excluding through to and
including
  -16-




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Accounting Terms
  Section 6 Section 7 Section 6.02
 References to Agreements and Laws
 Times of Day
 Letter of Credit Amounts
 Alternative Currencies
   -17-




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provided
    ARTICLE II.
THE COMMITMENTS AND CREDIT EXTENSIONS
 Revolving Loans Revolving Loan Section 2.01 Section 2.04 Section
2.01
 Borrowings, Conversions and Continuations of Revolving Loans
 Section 10.02(d) Section 2.03(c)
  -18-




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Section 4.02 Section 4.01 provided however first second
 Letters of Credit
 The Letter of Credit Commitment
 provided provided further Section 2.05 Alternative Currency LC Sublimit
       -19-




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Procedures for Issuance and Amendment of Letters of Credit
    Drawings and Reimbursements
 Honor Date Eurocurrency
Rate Section 2.02 Section 4.02
  -20-




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Obligations Absolute
        -21-




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Role of Lender provided however Section
2.03(d) provided however
 Applicability of ISP98 and UCP ICC
 Letter of Credit Fees
 Documentary and Processing Charges Payable to Lender
 Conflict with Letter of Credit Application
  -22-




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Prepayments
 Section 3.05 provided
 Credit Support
   pari passu
   Change of Control Notice Section 2.04(b)
  -23-




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Termination or Reduction of Revolving Commitment provided
 Repayment of Revolving Loans
 Interest
 plus plus
   Fees Section
2.03
 Unused Fee times Article IV
 Bank Product Fee
  -24-




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Computation of Interest and Fees provided Section 2.11(a)
 Evidence of Debt
 Payments Generally
    ARTICLE III.
TAXES, YIELD PROTECTION AND ILLEGALITY
 Taxes
  Other Taxes
  -25-




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Section 3.01(c)
 provided however
  Illegality
  -26-




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Inability to Determine Floating Eurodollar Rate
 Increased Cost and Reduced Return; Capital Adequacy
 Section 3.01
  Requests for Compensation Article III
 Survival Article III
  -27-




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ARTICLE IV.
CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
 Conditions of Initial Credit Extension
              -28-




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##### 



Conditions to all Credit Extensions
 Article V Section 4.02 Section 5.05 Section 6.01
    ARTICLE V.
REPRESENTATIONS AND WARRANTIES
  Organization; Power and Authority
 Authorization, Etc.
 Disclosure. Schedule 5.05 Schedule 5.03 Schedule 5.05 Disclosure Documents Schedule 5.05
  -29-




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##### 



Organization and Ownership of Shares of Subsidiaries; Affiliates.
 Schedule 5.04
 Schedule 5.04 Schedule 5.04
 Schedule 5.04
 Schedule 5.04
 Schedule 5.04
 Schedule 5.04
 Schedule 5.04
 Financial Statements; Material Liabilities. Schedule 5.05
  -30-




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Compliance with Laws, Other Instruments, Etc.
 Governmental Authorizations, Etc. Schedule 5.07 Schedule 5.7
 Litigation; Observance of Agreements, Statutes and Orders.
  Section 5.16
 Taxes Schedule 5.09
  -31-




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##### 



Title to Property; Leases. Section
5.05
 Licenses, Permits, Etc.
    Compliance with ERISA; Non U.S. Plans.
    -32-




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##### 



Use of Proceeds; Margin Regulations.
 Existing Indebtedness; Future Liens.
 Schedule 5.14
 Section 7.05
  -33-




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##### 



Schedule 5.14
 Foreign Assets Control Regulations, Etc.
 OFAC OFAC Listed Person Blocked Person
  Anti-Money Laundering Laws
  Status under Certain Statutes.
 Environmental Matters.
    -34-




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Ranking of Obligations. pari passu
 Obligor Group.
 CASS Reserve
 Labor Matters.
 Schedule 5.21
   Insolvency
 Insurance
  -35-




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ARTICLE VI.
AFFIRMATIVE COVENANTS
  Financial and Business Information Section 6.01
 Quarterly Statements . Form 10-Q
  Section
6.01(a) Electronic Delivery
 Annual Statements . Form 10-K
     -36-




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Sections 6.18 7.03 7.04 7.12 7.13
 Accountants Certificate Section 6.01(b)
 SEC and Other Reports Section 6.01(c)(ii)
 Notice of Default or Event of Default or Litigation or Arbitration
 Section 8.01(e)
   -37-




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Employee Benefit Matters
     Notices from Governmental Authority
 Requested Information
 Quarterly Consolidating Working Papers Section 6.01(a) 6.01(b)
 Projections st
 Officers Certificate Section 6.01(a) Section 6.01(b)
 Inspection Rights
  -38-




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Limitation on Disclosure Obligation Section 6.01(d)(ii) 6.01(g) 6.03
 Section
10.08
 Section
10.08
 Section 6.04
 Compliance with Law Section 7.10
 Insurance
 Maintenance of Properties
  -39-




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##### 



Payment of Taxes and Claims
 Corporate Existence, Etc. Sections 7.07 7.08 Sections 7.07 7.08 Section
6.13
 Books and Records
 Priority of Obligations pari passu
 Dividend Capture from South Africa
 Additional Obligors Additional Guarantor Joinder Agreement Section 4.01(a)(iv) 4.01(a)(v)
  -40-




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Section 9.31 UTi Israel
 Release of Subsidiary Guarantors; Substitution of Subsidiary Guarantors
 Section 6.13 Section 6.14(a) Section 6.13
 Section
6.13
 Group Structure Schedule 5.4
  -41-




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##### 



CASS Agreement
 Additional Restrictions Reference Agreement New Covenants Improved Covenants Additional Covenants Section 6.02(a) Article VII Section 8.01(a) mutatis mutandi
 Section 6.17
 Memorialization mutatis mutandi
 Section 6.17
 Section
6.17 Section 6.17
  -42-




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##### 



Section 6.17 Section 6.18
 2009 Notes Covenants mutatis
mutandi
 Post-Closing Obligations escritura pública Ley 1/2000 de 7 de enero,
Ley de Enjuiciamiento Civil Civil Procedural Law primera copia autorizada
 Use of Proceeds
 Further Assurances
 ARTICLE VII.
NEGATIVE COVENANTS
  Transactions with Affiliates
 Restricted Payments
 Limitation
  -43-




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Time of Payment
 Consolidated Total Debt Coverage
 Priority Debt
 Liens
  Section 6.08
    Section
7.13
   Schedule 5.15
  -44-




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Section 7.04
 Section 7.05
 Section 6.11
 Subsidiary Indebtedness Sections 7.03 7.04
    -45-




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##### 



Section
7.13
     Section 7.05(g) 7.05(h)
    Section
7.04
 Section 7.06
 Merger, Consolidation, Etc.
   -46-




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##### 



Section 7.07
 Sale of Assets Section 7.07 Disposition
   Section 7.08 Section 7.08(c)
     -47-




---



##### 



Line of Business
 Terrorism Sanctions Regulations
 Subsidiaries in South Africa Section 7.06
 Minimum Debt Service Ratio
 Capital Leases Section 7.04
  -48-




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##### 



ARTICLE VIII.
EVENTS OF DEFAULT AND REMEDIES
 Events of Default
  Section 6.01(d) Sections 6.18 7.02 7.08 7.12 7.13
 Sections 8.01(a) (b) Section 11(c)
     -49-




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##### 



Section 8.01(f) (g) failliet
verklaard ontbonden redressement judiciaire, cession totale de lentreprise
or liquidation judiciaire et seq Insolvenzverfahren Section 8.01(f) (g)
    Section 8.01(j)
  -50-




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##### 



Remedies Upon Event of Default
     provided however
 Application of Funds Section
8.02 Section 8.02
 Executive Proceedings
 escritura pública
  acta notarial acta notarial
  -51-




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##### 



ARTICLE IX.
SUBSIDIARY GUARANTY
 Guaranty and Indemnity
   Unconditional Guaranty
   Reinstatement
    -52-




---



##### 



Waiver of Defenses
    droit de discussion droit de division
     -53-




---



##### 



Immediate Recourse
   Appropriations
    Non-Competition.
         Release of Subsidiary Guarantors Right of Contribution
   -54-




---



##### 



Releases
         Marshaling
   Liability
  -55-




---



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Character of Obligation Section
6.14
           -56-




---



##### 



Election to Perform Obligations
 No Election
 Other Enforcement Rights
 Restoration of Rights and Remedies
 Survival
 Miscellaneous
  -57-




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Limitation
 Written Notice Section 8.02
 Unenforceability of Obligations
    Section 9.21
 Contribution
  -58-




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##### 



Additional Security
 Limitations  Belgium
 Limitations  Spain
 Limitations  Hong Kong
 Limitations  Germany Relevant German Obligor
     -59-




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##### 



Limitations  the Netherlands
 U.S. Guarantors
      -60-




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Section 9.29(b)
 Section 9.29(d)
 Section 9.29
 Section 9.29
 Limitations  UK
 Limitation on Pyramid Freight Section 9.31 Section 9.31
  -61-




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Limitations  Singapore
 Irish Obligors Section 9
 Guarantor Intent Section 9.04
 ARTICLE X.
MISCELLANEOUS
 Amendments; Etc
 Notices and Other Communications; Facsimile Copies
 General Schedule 10.02 Schedule 10.02 provided however Article II
 Effectiveness of Facsimile Documents and Signatures provided however
  -62-




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Limited Use of Electronic Mail Section 6.01
 Reliance by Lender
 No Waiver; Cumulative Remedies
 Attorney Costs, Expenses and Taxes Section 10.04
 Indemnification by the Borrower Indemnitees
  -63-




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##### 



Indemnified Liabilities provided Section 10.05
 Payments Set Aside
 Successors and Assigns
  Sections 3.01 3.04 3.05 10.04 10.05
  -64-




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Participant provided provided provided however Sections 3.01 3.04 3.05 Section 10.09
 Section
3.01 3.04 Section 3.01
 provided
  Eligible Assignee provided
 Fund
  -65-




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Confidentiality Information
 Set-off provided however
 Interest Rate Limitation Maximum Rate
 Counterparts
 Integration provided
 Survival of Representations and Warranties
  -66-




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##### 



Severability
 Governing Law
  Jurisdiction and Process; Waiver of Jury Trial
  Section 10.16(a)
 Section 10.16(a) Section 10.02 Section 10.16
 Section 10.16
  -67-




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USA Patriot Act Notice
  -68-




---



##### 



IN WITNESS WHEREOF,
 UTi WORLDWIDE INC.By:
    /s/ Craig BraunDuly Authorized Signatory (acting pursuant to, and in accordance with, an
empowering resolution of the Board of Directors of UTi Worldwide Inc.UTi (AUST) PTY LIMITED
UTi BELGIUM N.V.
UTi LOGISTICS N.V.
UTi NETWORKS LIMITED
UTi, CANADA, INC.
UTi CANADA CONTRACT LOGISTICS INC.
UTi DEUTSCHLAND GMBH
UTi (HK) LIMITED
UTi GLOBAL SERVICES B.V.
UTi NEDERLAND B.V.
UTi TECHNOLOGY SERVICES PTE LTD.
UTi WORLDWIDE (SINGAPORE) PTE LTD.
SERVICIOS LOGISTICOS INTEGRADOS SLI, S.A.
UTi IBERIA S.A.
UTi WORLDWIDE (UK) LIMITED
UTi INVENTORY MANAGEMENT SOLUTIONS INC.
CONCENTREK, INC.
INTRANSIT, INC.
MARKET TRANSPORT, LTD.
SAMMONS TRANSPORTATION, INC.
UTi, UNITED STATES, INC.
UTi INTEGRATED LOGISTICS, INC.By:
    /s/ Craig BraunAuthorized SignatoryGODDARD COMPANY LIMITEDBy:
    /s/ Craig BraunDuly Authorized Signatory (acting pursuant to, and in accordance with, an
empowering resolution of the Board of Directors of UTi Worldwide Inc.)  S-1




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PYRAMID FREIGHT (PROPRIETARY) LIMITEDBy:
    /s/ Craig BraunDuly Authorized Signatory (acting pursuant to, and in accordance with, an
empowering resolution of the Board of Directors of UTi Worldwide Inc.)UTi INTERNATIONAL INC.By:
    /s/ Craig BraunDuly Authorized Signatory (acting pursuant to, and in accordance with, an
empowering resolution of the
Board of Directors of UTi Worldwide Inc.)BANK OF THE WESTBy:
    /s/ Brock MullinsBrock Mullins, Vice President and Senior National Banking Credit Officer  S-2