Document:

EX-10.56

 Exhibit 10.56 
  

 
 Supplement No. 1 to the Contract 

Concerning a Credit Line 
 The following
supplement to the credit agreement of 01/25/2013 (hereinafter called the “Credit Agreement”) is concluded 
 between 

UTi Deutschland GmbH 
 Rather
Straße 78-80 
 40476 Düsseldorf 

- hereinafter called the “Borrower” - 

and 
 Commerzbank Aktiengesellschaft 

Kaiserstrasse 16 
 60311 Frankfurt
am Main 
 - hereinafter called the “Bank” - 

 

 
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	1	Term 

 Paragraph 1 Clause 1.1 of the Credit Agreement is restated to read as follows: 

The credit line has a term extending to 04/30/2014. 
  

	2	Other modifications 

 Paragraph 3 Clause 3.3 of the Credit Agreement is restated to read as follows: 

The Borrowers and the Bank agree upon a commitment fee of 0.1% p.a. applying to the unused amount of the credit line as of the conclusion of the supplement.
The commitment fee shall be due and shall be payable by the Borrower retroactively each month, on the last business day of the respective calendar month. 

The Borrower and the Bank agree upon a one-time up-front fee of 0.1 % (= EUR 38,000.00) of the amount of the credit line, which shall be due upon the
conclusion of the Credit Agreement and shall be paid by the Borrower. 
  

	3	Other provisions 

 All other provisions of the Credit Agreement apply unaltered. 

 

	4	Period of validity of the Bank’s offer / Conclusion of the Supplement 

 The bank is obligated to
abide by the offer made via this Supplement until 01/31/2014. 
 The foregoing Supplement to the Credit Agreement shall only take effect upon the receipt of
the original copy of this Supplement bindingly countersigned by the Borrower and any jointly liable party, but at the earliest on the last day of the previous term of the Credit Agreement. 

 

					
	Düsseldorf, 01/04/2014	 		 	Commerzbank Aktiengesellschaft
	  
	 		 	
            [Signature]       
 [Signature]

	(Place, date)	 		 	Birgit Betzinger        Christian Herget
			
	Düsseldorf, 01/31/2014	 		 	UTi Deutschland GmbH
	  
	 		 	             [Signature]

	(Place, date)	 		 	Michael Hollstein

 

 
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	Amsterdam, 01/30/2014	 		 	UTi Nederland B.V.
	  
	 		 	             [Signature]

	(Place, date)	 		 	Dennis van AalstEX-10.63

 Exhibit 10.63 

UTi WORLDWIDE INC. 
 2009
LONG-TERM INCENTIVE PLAN 
  
  

Form of Performance Compensation Award Agreement 

Providing for the Withholding of Shares to Satisfy Tax Liabilities 

(for U.S. residents/taxpayers) 

Award No.          

You (the “Participant”) are hereby awarded Performance Units subject to the terms and conditions set forth in this
Performance Compensation Award Agreement (“Award”) and in the UTi Worldwide Inc. 2009 Long-Term Incentive Plan (“Plan”), which is attached hereto as Exhibit A. A summary of the Plan appears in the
Prospectus, which is attached hereto as Exhibit B. You should carefully review these documents, and consult with your personal legal and financial advisors, in order to assure that you fully understand the terms, conditions, and financial
implications of this Award before executing this Award. 
 By executing this Award, you agree to be bound by all of the terms and conditions
of the Plan as if they had been set out verbatim in this Award. In addition, you recognize and agree that all determinations, interpretations, or other actions respecting the Plan and this Award will be made by the Committee and shall be final,
conclusive and binding on all parties, including you and your successors in interest. Capitalized terms are defined in the Plan or in this Award. 

1. Specific Terms. This Award is being granted pursuant to Section 9(c) of the Plan as a “Performance Compensation
Award,” and shall have, and be interpreted according to, the following terms, subject to the Plan in all instances and, if you are a “covered employee” within the meaning of Section 162(m) of the Code for a taxable year of the
Company during or after the Performance Period ends, to the Committee’s interpretation of the Plan and this Award any manner that the Committee may deem necessary or appropriate in order for this Award to satisfy the requirements for “performance-based compensation” within the meaning of Section 162(m)(4) of the Code and associated to regulations and rulings. 

 

			
	Name of Participant	  	
		
	Grant Date of Award	  	
		
	Maximum Number of Shares Subject to Performance Units	  	             (“Maximum Award Number”), which equals     % of the Target Award Number of Shares.
		
	Target Number of Shares Subject to Performance Units	  	             (“Target Award Number”)
		
	Performance Period	  	
		
	Eligibility Threshold and Target Performance Goal	  	The Eligibility Threshold and Target Performance Goal are as set forth on Schedule I attached hereto.
		
	Vesting Date	  	

 Performance Compensation Award Agreement (for U.S. residents/taxpayers) 

UTi Worldwide Inc. 
 2009 Long-Term Incentive Plan 

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 2
 
  

			
	Requirements for Vesting	  	Subject to accelerated vesting as provided in Sections 2 and 3 below and provided that the Eligibility Threshold for the Performance Period has been met or exceeded, as of the Vesting Date, you shall become vested in a number of
Performance Units equal to the Target Award Number multiplied by the vesting percentage calculated in accordance with the table immediately below (up to the Maximum Award Number, if applicable):

  

					
	 Vesting Percentage
	  	 Performance Range
	  	 Performance Level

	 0%
	  	 <     % of Target

Performance Goal
	  	Below minimum
			
	 %
	  	     % of Target

Performance Goal
	  	Minimum
			
	 %
	  	     % of Target

Performance Goal
	  	Target
			
	 %
	  	     % of Target

Performance Goal
	  	Maximum

  

			
	 Section 83(b) Election Permitted
	  	 ̈  Yes             ̈  No
		
	 Deferral Election Permitted
	  	 ̈  Yes             ̈  No

 2. Accelerated Vesting Upon a Triggering Event. The provisions of this Section 2
shall apply in the event your Continuous Service ends prior to the Vesting Date due to your death or Disability (any such event, a “Triggering Event”). In the event a Triggering Event occurs after the last day of the
Company’s first fiscal year during the Performance Period, then in order to determine if you are entitled to vest in any of the Performance Units, [TO BE COMPLETED BASED ON TERMS OF AWARD].  

3. Accelerated Vesting upon Termination upon a Change in Control. 

(a) In the event of a Change in Control and to the extent that this Award is assumed or substituted by the Successor Corporation, unless
otherwise specifically provided in an employment or other similar agreement between the Company or any of its Affiliates and you then in effect (in which case the provisions of such agreement shall control), in the event you are Involuntarily
Terminated on or within 12 months (or such other period set forth in any applicable employment or similar agreement) following a Change in Control, then this Award shall         . 

(b) In the event of a Change in Control and to the extent this Award is neither assumed or replaced with a substantially equivalent Award by
the Successor Corporation, unless otherwise specifically provided in an employment or other similar agreement between the Company or any of its Affiliates and you then in effect (in which case the provisions of such agreement shall control), the
Committee may, in its sole and absolute discretion and authority, take any of the actions provided for in Section 13(b) of the Plan for such circumstances. 

 Performance Compensation Award Agreement (for U.S. residents/taxpayers) 

UTi Worldwide Inc. 
 2009 Long-Term Incentive Plan 

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 4. Satisfaction of Vesting Restrictions. No Shares will be issued before you
complete the requirements that are necessary for you to vest in the Shares underlying your Performance Units. As soon as practicable after the date on which your Award vests in whole or in part, but no later than      days
thereafter, the Company will issue to you or your duly-authorized transferee, free from vesting restrictions (but subject to such legends as the Company determines to be appropriate), one Share for each vested Performance Unit. Fractional shares
(including fractional shares resulting from Section 6 of this Award) will not be issued, and cash shall be paid in lieu thereof. Certificates shall not be delivered to you unless you have made arrangements satisfactory to the Committee to
satisfy tax-withholding obligations. 
 5. Failure of Vesting Restrictions. By executing this Award, you acknowledge
and agree that if your Continuous Service terminates prior to the date that you satisfy the vesting requirements for unvested Shares set forth in Section 1 of this Award (and subject to any accelerated vesting pursuant to Sections 2 or 3
above), you will irrevocably forfeit any and all rights to unvested Shares under this Award, and this Award with respect to such unvested Shares will immediately become null, void, and unenforceable. For the sake of clarity, unless otherwise
expressly provided in an employment or other similar agreement between the Company or any of its Affiliates and you then in effect, in the event your employment is terminated without Cause at any time, you will not vest in any of the Shares subject
to this Award and will forfeit all rights under this Award. 
 6. Dividends. Whenever Shares are deliverable to
you or your duly-authorized transferee pursuant to the vesting of the Shares underlying your Performance Units, you or your duly-authorized transferee shall also be entitled to receive, with respect to each Share then vesting a number of additional
Shares equal to the sum of: 
 (i) any per-Share dividends which were declared and paid in Shares to the
Company’s shareholders of record between the Grant Date and the date Shares are delivered to you or your duly authorized transferee pursuant to the particular vesting event for this Award; and 

(ii) the Shares that you or your duly authorized transferee could have purchased at their Fair Market Value on the payment date
of any cash dividends if you or your duly authorized transferee had received such cash dividends with respect to each Share underlying your Performance Units, between the Grant Date and the date Shares are delivered to you or your duly authorized
transferee pursuant to the particular vesting event for this Award. 
 7. Voting. With respect to the Shares to be
issued or held by you pursuant to this Award, you may not exercise voting rights until you become the record owner of the Shares. 

8. Modifications. This Award may be modified or amended at any time, provided that you must consent in writing to any
modification that materially and adversely affects your rights under the Award unless, before a Change in Control, the Committee determines in good faith that the modification is not materially adverse to you; provided, further, however, that, if
the Committee determines that the Award may be subject to Section 409A of the Code and related Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the Effective Date), the Committee may adopt
such amendments to the Plan and this Award or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Committee determines are necessary or appropriate to
(a) exempt the Award from Section 409A of the Code and/or preserve the intended tax treatment of the benefits provided with respect to the Award, or (b) comply with the requirements of Section 409A of the Code and related
Department of Treasury guidance and thereby avoid the application of any penalty taxes under such section. 

 Performance Compensation Award Agreement (for U.S. residents/taxpayers) 

UTi Worldwide Inc. 
 2009 Long-Term Incentive Plan 

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 9. Termination, Rescission, Recapture and Reimbursement. By executing
this Award, you acknowledge and agree that this Award is made subject to the Company’s right of Termination in the circumstances provided for in Section 15 of the Plan and the Company’s right of Termination, Rescission, Recapture and
Reimbursement in the circumstances provided for in Section 16 of the Plan.  
 10. Not a Contract of
Employment. By executing this Award, you acknowledge and agree that (i) any person who is terminated before full vesting of an award, such as the one granted to you by this Award, could claim that he or she was terminated to preclude
vesting; (ii) you promise never to make such a claim; (iii) nothing in this Award or the Plan confers on you any right to continue an employment, service or consulting relationship with the Company, nor shall it affect in any way your
right or the Company’s right to terminate your employment, service, or consulting relationship at any time, with or without Cause; and (iv) the Company would not have granted this Award to you but for these acknowledgements and
agreements. 
 11. Severability. Subject to one exception, every provision of this Award and the Plan is
intended to be severable, and if any provision of the Plan or this Award is held by a court of competent jurisdiction to be invalid and unenforceable, the remaining provisions shall continue to be fully effective. The only exception is that this
Award shall be forfeited and unenforceable by you if any provision of Section 9 is illegal, invalid, or unenforceable. 
 12.
Notices. Any notice or communication required or permitted by any provision of this Award to be given to you shall be in writing and shall be delivered personally or sent by certified mail, return receipt requested, addressed to you at
the last address that the Company had for you on its records. Each party may, from time to time, by notice to the other party hereto, specify a new address for delivery of notices relating to this Award. Any such notice shall be deemed to be given
as of the date such notice is personally delivered or properly mailed. 
 13. Binding Effect. Every provision of this
Award shall be binding on and inure to the benefit of the parties hereto and their respective heirs, legatees, legal representatives, successors, permitted transferees, and permitted assigns. 

14. Headings. Headings shall be ignored in interpreting this Award. 

15. Counterparts. This Award may be executed by the parties hereto in separate counterparts, each of which when so
executed and delivered shall be an original, but all such counterparts shall together constitute the same instrument. 
 16.
Governing Law. The laws of the British Virgin Islands shall govern the validity of this Award, the construction of its terms, and the interpretation of the rights and duties of the parties hereto. 

17. Plan Governs. By signing this Award, you acknowledge that you have received a copy of the Plan and that your Award is
subject to all the provisions contained in the Plan, the provisions of which are made a part of this Award and your Award is subject to all interpretations, 

 Performance Compensation Award Agreement (for U.S. residents/taxpayers) 

UTi Worldwide Inc. 
 2009 Long-Term Incentive Plan 

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amendments, rules and regulations which from time to time may be promulgated and adopted pursuant to the Plan. In the event of a conflict between the provisions of this Award and those of the
Plan, the provisions of the Plan shall control. In addition, you recognize and agree that all determinations, interpretations or other actions respecting the Plan and this Award may be made by Committee in its sole and absolute discretion, and that
such determinations, interpretations or other actions are final, conclusive and binding upon all parties, including you, your heirs, and representatives. 

18. Taxes. By signing this Award, you acknowledge that you shall be solely responsible for the satisfaction of any federal,
state, province, local or foreign taxes that may arise in connection with this Award (including any taxes arising under Sections 409A or 4999 of the Code), except to the extent otherwise specifically provided in a written agreement with the Company.
If the Company is obligated to withhold an amount on account of any federal, state, province, local or foreign tax imposed as a result of the grant of this Award or as a result of the issuance or vesting of Shares pursuant to this Award (the date
upon which the Company becomes so obligated shall be referred to herein as the “Withholding Date”), then you shall pay to the Company the minimum aggregate amount that the Company is obligated to withhold as such amount shall be
determined by the Company in its discretion (the “Minimum Withholding Liability”), which payment shall be made by the automatic cancellation by the Company of a number of vested Shares subject to this Award, the aggregate Fair
Market Value of which is equal to the Minimum Withholding Liability (such cancelled vested Shares to be valued on the basis of the aggregate Fair Market Value thereof on the Withholding Date); provided that the number of vested Shares so cancelled
will be rounded up to the nearest whole Share sufficient to satisfy the Minimum Withholding Liability, with cash being paid to you in an amount equal to the amount by which the Fair Market Value of such cancelled Shares exceeds the Minimum
Withholding Liability. If the Fair Market Value of the vested Shares subject to this Award is less than the Minimum Withholding Liability, then you shall pay to the Company in cash the difference between the Minimum Withholding Liability and the
Fair Market Value of the vested Shares subject to this Award, if any. The Company shall not be required to issue any Shares until such obligations are satisfied. Neither the Company nor any of its employees, officers, directors, or service providers
shall have any obligation whatsoever to pay such taxes, to prevent you from incurring them or to mitigate or protect you from any such tax liabilities. In the absence of any other arrangement, if you are an Employee, you shall be deemed to have
directed the Company to withhold or collect from your cash compensation an amount sufficient to satisfy such tax obligations from the next payroll payment or payments otherwise payable after the date of the issuance of the Shares. Notwithstanding
anything to the contrary contained herein or in the Plan, if your payments or benefits as a result of your termination of Continuous Service constitute “nonqualified deferred compensation” within the meaning of Section 409A of the
Code, payment of such amounts shall not commence until you incur a “separation from service” within the meaning of Treasury Regulation §1.409A-1(h). If at the time of your “separation from service,” you are a “specified
employee” within the meaning of Section 409A of the Code, any amount that constitutes “nonqualified deferred compensation” that becomes payable to you on account of your “separation from service” (including any amounts
payable pursuant to the preceding sentence) will not be paid until after the end of the sixth calendar month beginning after your “separation from service” (the “409A Suspension Period”). Within 14 calendar days after the end of
the 409A Suspension Period, you shall be paid any payments delayed because of the preceding sentence, together with interest on them for the period of delay at a rate not less than the average prime interest rate published in the

 Performance Compensation Award Agreement (for U.S. residents/taxpayers) 

UTi Worldwide Inc. 
 2009 Long-Term Incentive Plan 

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Wall Street Journal on any day chosen by the Committee during that period. Thereafter, you shall receive any remaining benefits as if there had not been an earlier delay. 

[signature page follows] 

 Performance Compensation Award Agreement (for U.S. residents/taxpayers) 

UTi Worldwide Inc. 
 2009 Long-Term Incentive Plan 

 Page
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 BY YOUR SIGNATURE BELOW, along with the signature of the Company’s representative, you
and the Company agree that the Restricted Share Units are awarded under and governed by the terms and conditions of this Award and the Plan. 
  

			
	UTi WORLDWIDE INC.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	PARTICIPANT
	
	The undersigned Participant hereby accepts the terms of this Award and the Plan.
	
	  

	
	 Name of Participant:
                                

 Performance Compensation Award Agreement 

Schedule I 

Eligibility Threshold and Performance Goals 

Eligibility Threshold 
 Target Performance Goal

 UTi WORLDWIDE INC. 

2009 LONG-TERM INCENTIVE PLAN 

Exhibit A 
 Plan
Document 

 UTi WORLDWIDE INC. 

2009 LONG-TERM INCENTIVE PLAN 

Exhibit B 

Prospectus

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