Document:

EX-10.33

 Exhibit 10.33 

 

 THIS RE-INVOICING SERVICE AGREEMENT is made on December 4, 2014 (Effective Date) 

BETWEEN: 
  

	(1)	BRAMID OUTSOURCE LIMITED, (company number 49718), whose registered office is at Crawford House 50, 50 Cedar Avenue. Hamilton Hm 11, Bermuda (Service Provider); and 

 

	(2)	UTi WORLDWIDE INC. (company number 141257) whose registered office is at Midocean Chambers, Road Town, Tortola, British Virgin Islands (Customer), together with those Affiliated Companies which agree to be
bound by this Agreement by executing an Accession Schedule, each also a Customer. 

 INTRODUCTION 

 

	A.	From time to time Customer may enter into commercial trade transactions with Suppliers (as defined below) for the sale of goods and/or the supply of services to Customer. 

 

	B.	Service Provider has agreed, pursuant to the terms set out herein, to provide a settlement and re-invoicing service in connection with the provision of a Buyer-centric supply chain finance programme provided by
Financial Institution. 

 AGREEMENT 
  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	In this Agreement, the following terms shall have the following meanings: 

 Accession
Schedule means the form of accession agreement set out at Schedule 2. 
 Account Receivable means the right of Supplier to
receive any and all present and future payments of money due and payable, whether due now or payable in the future as a result of the Supply Agreement. 

Advance Date means the date Customer specifies in the relevant request under clause 2.1(a) as the date on which it wishes payment to
be made to the Disbursement Account. 
 Affiliated Company means any company that is directly or indirectly controlled by or under
common control of, or with, Customer. 
 Business Day means any day that is not a Saturday, Sunday or other day on which banks in
London are required or permitted to close. 
 Customer Agreement means the agreement executed between Customer’s ultimate
parent company, Customers and Financial Institution under which parent company gives an irrevocable and unconditional undertaking to make or procure the making of certain payments. 

Disbursement Account means the bank account details of Customer, which are set out in Schedule 1, or such other bank account as may
have been notified to Service Provider in writing and has been confirmed in writing by the Financial Institution as validated. 

Financial Institution means Greensill Capital (UK) Limited. 

LIBOR means the rate established by the Financial Institution (calculated on the basis of actual days elapsed over a 360-day year)
which is equal to the offered rate for the applicable LIBOR rate period on the day the applicable Service Invoice(s) and form of PAUF are issued to Customer pursuant to clause 2.1(b), and which appears on an appropriate publicly available service,
as may be selected by Financial Institution, for displaying the offered rate for deposits in Dollars (or other appropriate currency) in the London interbank market. The applicable LIBOR rate period will be the next closest LIBOR rate period to the
number of days between the Advance Date and including the Maturity Date for the applicable Service Invoice e.g. for Service Invoices with a Maturity Date which is any of 151 to 180 days after the Advance Date then the LIBOR rate period shall be 180
days). 
 Maturity Date means, in relation to a Service Invoice, the 180th day (or such other tenor agreed in writing by Financial
Institution) after the

 
Advance Date, or where such day does not fall on a Business Day, then the preceding Business Day. 

Service Invoice means an invoice for the Servicing Fee. 

Servicing Fee means the fee chargeable by Service Provider in respect of provision of the Settlement Advance, calculated as follows:
amount of Settlement Advance ÷ (1-(Transaction Rate * (number of days between, and including, the Advance Date and the Maturity Date ÷ 360)). 

Settlement Advance means, with respect to any Supplier Invoice, the total amount of the funds set out in a request made pursuant to
clause 2.1 (a). 
 Supplier means an entity, including without limitation any Affiliated Company, to which Customer wishes payment
to be made in accordance with the terms of this Agreement. 
 Supplier Invoice means an invoice raised by Supplier in respect of an
Account Receivable. 
 Supply Agreement means the agreement between Supplier and Customer for the sale, supply and purchase of goods
and/or services and pursuant to which Account Receivable arise. 
 Transaction Rate means LIBOR plus 9.5% or such other percentage
agreed in writing by Customer and Financial Institution from time to time and notified to Service Provider. 
  

	2.	SETTLEMENT AND RE-INVOICE PROCESS 

  

	2.1	From time to time Customer may submit Supplier Invoices for settlement according to the following process: 

  

	 	a)	Customer submits a request for settlement (in whole or in part) of a Supplier Invoice to Service Provider together with the following information: (i) Supplier; (ii) Supplier Invoice number; (iii) amount
of Settlement Advance; and (iv) proposed Advance Date. 

  

	 	b)	On receipt of the above request Service Provider will issue and deliver to Customer the related Service Invoice(s), the form of the PAUF (as defined in the Customer Agreement) and accompanying Customer authorisation
letter. 

  

	 	c)	Customer shall, if it wishes to proceed, execute the PAUF and authorising letter and submit the same to Financial Institution, in accordance with the Customer Agreement, at least three Business Days prior to the
relevant Advance Date. 

  

	 	d)	The Financial Institution may elect to fund the Settlement Advance whereupon it is understood that the following sequence of events will occur: (i) Financial Institution purchases the Service Invoice from the
Service Provider at a price equal to the Settlement Advance; and (ii) Financial Institution pays an amount equal to the Settlement Advance into the Disbursement Account on the Advance Date or, if such a day is not a Business Day, the next
Business Day. 

  

	 	e)	Customer shall, as paying agent for the Service Provider, transfer the Settlement Advance to the applicable Supplier to pay the relevant Supplier Invoice or reimburse itself for the relevant Supplier Invoice if already
paid. 

  

	2.2	Where Financial Institution does not elect to fund the Settlement Advance pursuant to clause 2.1(d), and therefore decides not to purchase the Service Invoice from the Service Provider then the related Service Invoice
is automatically cancelled and the Service Provider waives its rights related to that cancelled Service Invoice to receive payment from UTi Worldwide Inc. under clause 2.2 of the Customer Agreement. 

 

	2.3	UTi Worldwide Inc. shall pay Service Invoices on or before the Maturity Date. 

  

	2.4	 Without prejudice to Service Provider’s other rights and remedies, where all or any part of the sums due on a Service Invoice have not been paid
when due and payable, interest on the unpaid amount 

 

  
 1 

 
shall accrue daily, from the date of non-payment to the date of actual payment (both before and after judgment), at the Transaction Rate and shall be payable by UTi Wordlwide Inc. 

 

	2.5	All payments made pursuant to this Agreement shall be made in the currency of the relevant invoice. UTi Wordlwide Inc. shall comply with all applicable foreign exchange regulations and shall assume all exchange
differences and charges incurred with respect to the payment of the relevant Settlement Advance, Supplier Invoice and Service Invoice. 

  

	3.	UNDERLYING TRANSACTIONS 

  

	3.1	Customer shall only submit Supplier Invoices in respect of genuine and lawful trade transactions arising in the ordinary course of business for the sale, supply and purchase of goods and/or services between Customer and
Supplier. Customer shall not submit Supplier Invoices for investment or arbitrage functions or purposes, or for any money laundering purpose, or in contravention of any applicable law. 

 

	3.2	Customer acknowledges and agrees that neither the Service Provider nor the Financial Institution shall have any responsibility or liability for disputes that arise between Customer and Supplier or any other third party
with respect to the Supply Agreement, the related goods and/or services or otherwise. 

  

	3.3	Nothing in this Agreement shall constitute a release or waiver of, or limitation on, any rights Customer may have against Supplier, including any right to seek damages or a refund from Supplier of amounts paid pursuant
to a Supply Agreement and/or the relevant Supplier Invoice. The parties acknowledge that this clause does not create rights against Service Provider or Financial Institution. 

 

	4.	DURATION 

  

	4.1	This Agreement shall commence on the Effective Date and shall terminate, without notice, automatically on termination or expiry of the Customer Agreement. 

 

	4.2	Termination or expiry of this Agreement shall not affect any rights, remedies, obligations or liabilities of the parties that have accrued up to the date of termination or expiry. For the avoidance of doubt, the
obligation of Customer to pay Service Invoices shall survive the termination or expiry of this Agreement or the Customer Agreement or the default by any party under this Agreement.  

 

	5.	NOTICES 

  

	5.1	Any notice (which term shall in this clause 5 include any other communication) required to be given under or in connection with this Agreement shall, except where otherwise provided, be in writing, in the English
language and sent to the relevant party at the address set out in this Agreement above. Any party to this Agreement may notify the other party of any change to this address by written notice. 

 

	5.2	Service Provider shall be entitled to rely upon without further enquiry, any communication which Service Provider believes in good faith to be given or made by Customer irrespective of any error or fraud contained in
the communication or the identity of the individual who sent the communication or by whom it was purported to be sent. 

  

	5.3	A copy of any notice served by Customer in accordance with the preceding clauses shall also be sent by email to Financial Institution: legal.notice@greensill.com. 

 

	6.	GENERAL 

  

	6.1	This Agreement represents the final agreement of the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous understandings and agreements with respect to such subject matter. No
provision of this Agreement may be amended or waived except by a writing signed by the parties hereto. This Agreement shall bind and inure to the benefit of the

	 	
respective successors and permitted assigns of each of the parties; provided, however, that Customer may not assign any of its rights hereunder without Service Provider’s prior written
consent, given or withheld in Service Provider’s sole discretion. Customer accepts and consents to Service Provider transferring any and all of its right, title and interest in and to any Service Invoice, to Financial Institution.

  

	6.2	This Agreement may be executed in two or more counterparts, which together shall constitute one Agreement.  

  

	6.3	Subject to clause 6.4, no person who is not a party to this Agreement shall have any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this Agreement. 

 

	6.4	Financial Institution shall be entitled to enforce the benefits conferred upon it by clause 6.1 with respect to each Service Invoice that has been transferred to it by Service Provider. Financial Institution may at any
time assign the rights conferred upon it by this clause 6.4 to subsequent transferees on the Service Invoice. 

  

	7.	GOVERNING LAW 

  

	7.1	This Agreement and rights and obligations (whether contractual, quasi-contractual or non-contractual) arising out of or in connection with it shall be governed by and construed in accordance with the laws of England and
Wales. 

  

	7.2	Any dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the LCIA Rules,
which Rules are deemed to be incorporated by reference into this clause. The number of arbitrators shall be one. The seat, or legal place, of arbitration shall be London, England. The language to be used in the arbitral proceedings shall be English.

  

					
	SIGNED BY				SIGNED BY
			
	 /s/ WH Biddulph
				 /s/ Thomas Irvin

	{Signature}				{Signature}
			
	 WH Biddulph
				 Thomas Irvin

	{Name}				{Name}
			
	 Director
				 Treasurer

	{Position}				{Position}
	For and on behalf of				For and on behalf of
	Service Provider				Customer

 SCHEDULE 1 

Disbursement Account 
  

					
	 Disbursement
 Account
		Bank name		Bank Mendes Gans, N.V.
		  
 Bank address
		  
 619, Herengracht

Amsterdam
 Netherlands

1017 CE

		  
 IBAN
		  
 NL58BKMG0261121375

		  
 SWIFT
		  
 BKMGNL2A

		  
 Account Name
		  
 UTI WORLDWIDE INC / NO.2 A/C

		  
 Account number
		  
 NL58BKMG0261121375

 
 

  
 2 

 SCHEDULE 2 

Accession Schedule 
 This Accession
Schedule is made the [    ] day of [    ] 20[    ] and is made pursuant to an Agreement dated [    ] day of [    ] 20[    ]
between Bramid Outsource Limited (Service Provider) and [                    ] (Customer). 

With effect from the date hereof, it is hereby agreed that [insert name of the Acceding Customer] a company duly incorporated under the laws of
{name of relevant jurisdiction} with company registration number {insert number} (Acceding Customer) becomes a party to the Agreement and is bound by the terms of the Agreement as a Customer. 

Acceding Disbursement Account: [insert] 
  

					
	Acceding Disbursement Account		Bank name		
		  
 Bank address
		
		  
 Sort Code
		
		  
 SWIFT
		
		  
 Account number
		

  

					
	SIGNED BY				SIGNED BY
			
	  
				  

	{Signature}				{Signature}
			
	  
				  

	{Name}				{Name}
			
	  
				  

	{Position}				{Position}
	For and on behalf of				For and on behalf of
	Service Provider				Acceding Customer

 

  

 

  
 3EX-10.35

 Exhibit 10.35 

SEPARATION AGREEMENT AND GENERAL RELEASE 

This SEPARATION AGREEMENT AND GENERAL RELEASE
(this “Agreement”) dated as of January 16, 2015, is between UTi, Services, Inc. (“Company”) and Ronald Berger (“Employee”). This Agreement shall be effective on the date that Employee signs this Agreement (the
“Agreement Date”). However, Employee shall not be entitled to any of the consideration described in Section 3 below unless Employee does not revoke the releases provided for in Sections 5 and 6 of this Agreement in accordance with
Section 8 below. 
 WHEREAS, Company and Employee are parties to an Employment Agreement dated as of October 1, 2012 (the
“Employment Agreement”); and 
 WHEREAS, in consideration of the promises made in this Agreement, Company and Employee wish to
terminate the Employment Agreement effective as of the Agreement Date, except for any provisions therein which expressly survive the termination thereof or are expressly incorporated by reference herein. Notwithstanding the foregoing sentence,
unless the arbitration provision in this Agreement is unenforceable, it shall apply rather than the arbitration provision set forth in Section 11 of the Employment Agreement. 

NOW THEREFORE, for good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties agree as follows: 

1. Employee hereby submits his voluntary resignation from his position with UTi Worldwide Inc. and all other positions, titles, authorities
and directorships with the Company and its affiliates, effective as of the close of business on the Agreement Date. Additionally, Employee hereby further resigns as an employee of the Company and its affiliates effective as of the Agreement Date
(such date referred to also as the Termination Date). Employee represents that he is resigning voluntarily and is signing this Agreement voluntarily and with a full understanding of and agreement with its terms. This Agreement does not constitute an
admission by either party of any wrongful action, liability or violation of any local, state or federal law, in connection with Employee’s employment or otherwise. Employee agrees, represents and warrants that (a) from the close of
business on the date hereof, Employee has no power to bind or obligate the Company and Employee will not sign any contracts, agreements, or other documents or make any other commitments on behalf of the Company and/or its affiliates,
(b) Employee has returned to the Company, or will return to the Company within 3 business days of the date hereof, all files, records, credit cards, keys, equipment, laptops and any other property or documents of the Company and/or its
affiliates, other than Employee’s personal copies of his employment and compensation documents and files, Employee’s contacts, calendars, personal correspondence and diaries, and that Employee has not retained, and will not retain, any
copies thereof, including, but not limited to, any copies of “Proprietary Information” as defined in the Employment Agreement and (c) Employee shall cause his attorneys, representatives and agents to return to the Company within 3
business days of the date hereof all files, records and any other property or documents of the Company and/or its affiliates in the possession or control of such attorneys, representatives or agents without such attorneys, representatives or agents
retaining any copies thereof. 

  
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 2. Employee acknowledges and agrees that UTi Worldwide Inc. may be required to report his
resignation in a filing with the Securities and Exchange Commission (the “SEC”) (including filing a copy of this Agreement). 
 3.
In reliance on such voluntary resignation and the promises, representations and releases in this Agreement, the Company will provide Employee with the following consideration unless the releases provided for in Sections 5 and 6 of this Agreement are
revoked in accordance with Section 8 of this Agreement: 
  

	 	a.	Employee acknowledges and agrees that as of the date hereof Employee has 340.20 hours of accrued vacation (representing a cash amount equal to $61,334.15, which represents all of Employee’s accrued, but unused
vacation time. The Company shall pay Employee for such accrued vacation time (less legally required deductions) within 5 business days after the Agreement Date. Employee acknowledges and agrees that from and after the close of business on the
Agreement Date, Employee shall no longer accrue or be entitled to vacation time under the Company’s policies or otherwise. In addition, the Company will pay or provide to Employee any other Accrued Benefits (as defined with Employment
Agreement) as provided in Section 6(a)(ii) of the Employment Agreement. 

  

	 	b.	 Upon the expiration of the 7 day revocation period following the Agreement Date if Employee has not revoked the releases provided for in
Section 5 and 6 of this Agreement in accordance with Section 8 below within such period, on such date, Employee’s outstanding (a) Restricted Share Units shall vest with respect to a number of shares as set forth on Exhibit A-1
hereto and (b) Stock Options shall vest with respect to a number of shares and other terms as set forth on Exhibit A-1 hereto. Except as provided in the preceding sentence, no Restricted Share Units, Performance Share Units or Stock Options
shall vest as of or following the Termination Date; provided, however, that any unvested Restricted Share Units, Performance Share Units or Stock Options held by Employee that are set forth on Exhibit A-2 hereto (i) shall not be forfeited or
expire on the Termination Date or as a result of Employee’s resignation and shall remain outstanding, (ii) notwithstanding anything to the contrary in any plan, program, policy or agreement, shall vest and be settled or become exercisable
solely in connection with a “Change of Control of UTi Worldwide” (as defined in the Employment Agreement) on or prior to July 16, 2015, as set forth in Section 3(e) below and (iii) in the event such Units and Options do not
so vest in connection with a Change of Control of UTi Worldwide on or prior to July 16, 2015, such Units and Options shall be immediately forfeited. Employee acknowledges and agrees that all unexercised Stock Options will automatically expire
if not exercised on the earlier of (1) the 10 year anniversary of the grant date of such Stock Option and (2) October 16, 2015. Employee also acknowledges and agrees that he is not entitled to any further awards of Restricted

  
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Share Units, Performance Share Units, Stock Options or any other form of stock-based compensation in respect of any period, including calendar 2015 or any subsequent year. 

 

	 	c.	Following the Termination Date, the Company shall pay to Employee twelve months of salary continuation payments at an annual pay rate of $375,000.00 (the “Severance Amount”), which represents a bi-weekly
payment of $14,423.08, less legally required deductions. Such payments shall be made on the same schedule as the Company’s current payroll cycle, subject to Section 23 of the Employment Agreement, which is expressly incorporated by
reference herein; provided, however, that the first such payment shall be delayed until the expiration period described in Section 8 below. 

  

	 	d.	Subject to Section 23 of the Employment Agreement, (1) not later than the later of (a) February 15, 2015 and ten (10) business days after Employee signs this Agreement, the Company shall pay to
Employee a lump-sum cash payment equal to $5,784.48 (the “First Additional Severance Amount”), and (2) not later than the later of (a) February 15, 2015 and ten (10) business days after Employee signs this Agreement,
the Company shall pay to Employee a lump-sum cash payment equal to $56,250.00 (the “Second Additional Severance Amount” and, together with the First Additional Severance Amount, the “Additional Severance Amount”).

  

	 	e.	If a Change of Control of UTi Worldwide occurs on or prior to July 16, 2015, Employee shall be entitled to receive (1) a payment equal to $562,500.00 and (2) a payment equal to (x) if the Change of
Control of UTi Worldwide occurs during the Company’s first fiscal quarter of 2016, $93,750.00 or (y) if the Change of Control of UTi Worldwide occurs during the second fiscal quarter of 2016 but prior to July 16, 2015, $187,500.00.
Such payments shall be payable in eighteen (18) equal monthly installments commencing immediately after the last installment of the Severance Amount. Any amount payable pursuant to this Section 3(e) shall be in addition to the Severance
Amount and the Additional Severance Amount. If a Change of Control of UTi Worldwide occurs on or prior to July 16, 2015, Employee shall be entitled to vesting of the Restricted Share Units, Performance Share Units and Stock Options set forth on
Exhibit A-2 without duplication with any Restricted Share Units or Stock Options that vested prior to such date pursuant to Section 3(b) above. 

  

	 	f.	Employee shall be entitled to purchase, at his sole expense, COBRA continuation coverage under the Company’s group health plan as provided thereunder. 

 

	 	g.	 The Company will provide mutually agreed upon outplacement services to Employee for a period beginning on the Termination Date and ending on the
earlier of (1) twelve months from the Termination 

  
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Date and (2) the date Employee shall commence full-time employment with another employer, provided that the Company’s costs shall not exceed $15,000.00 in connection with the provision
of such services. 

 Employee acknowledges and agrees that he is receiving additional consideration from the Company beyond that provided by
normal Company policy or required by the Employment Agreement, and that he is not entitled to receive, and will not claim, any right, benefit, or compensation other than what is expressly set forth in this Agreement, and hereby expressly waives any
claim to any compensation, benefit or payment which is not expressly referenced in this Agreement. 
 4. In exchange for the additional
consideration provided in this Agreement, Employee promises: 
  

	 	a.	not to disparage the Company, its affiliates or its or their respective products, services, or management or any of the other Released Parties (as defined below) except, in each case, for truthful statements that
Employee believes, in good faith, are required by law (whether by oral questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process). 

 

	 	b.	communications regarding the nature of his separation shall not be inconsistent with the filing described in Section 2 of this Agreement. It would not be inconsistent to state in applications for unemployment
benefits that Employee’s termination was due to a reorganization of the Company. 

  

	 	c.	to abide by and uphold continuously the terms of Section 8 (Proprietary Information) of the Employment Agreement and Section 9 (Protection of Property) of the Employment Agreement, which sections
are incorporated by reference herein. 

  

	 	d.	not to apply for re-employment with the Company or its affiliates without the Company’s prior written consent. 

If Employee materially breaches any of the promises in this Agreement or Sections 8 or 9 of the Employment Agreement, the Company will give notice to the
Employee and, if such breach is curable, provide him with 15 days to cure the material breach; provided, however, if such breach is curable but will take longer than 15 days to cure, Employee shall be given a reasonable amount of additional time to
cure such breach if Employee has commenced such cure within the initial 15 day period and diligently pursues such cure. If the material breach is not curable or, if curable, not cured within such 15 day period or additional period of time as set
forth above, the Company may stop any payments or benefits otherwise owing under this Agreement and may seek additional relief or remedy under Section 9 hereof or, to the extent applicable, Section 11 of the Employment Agreement. 

5. In consideration for the foregoing and pursuant to Section 6(d)(iii) of the Employment Agreement, effective as of the Agreement Date,
Employee does hereby, for himself and his heirs, successors and assigns, release, acquit and forever discharge the 

  
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Company, UTi Worldwide Inc., all of their current and former, direct and indirect parents, subsidiaries, brother-sister companies, and all other affiliates and related partnerships, joint
ventures, or other entities, and, with respect to each of them, their predecessors and successors; and, with respect to each such entity, all of its past, present, and future employees, officers, directors, stockholders, owners, representatives,
assigns, attorneys, agents, insurers, employee benefit programs (and the trustees, administrators, fiduciaries, and insurers of such programs), and any other persons acting by, through, under or in concert with any of the persons or entities listed
in this section, and their successors (collectively, the “Released Parties”), of and from any and all claims, actions, charges, complaints, causes of action, rights, demands, debts, damages, or accountings of whatever nature, known or
unknown, which he or his heirs may have against such persons or entities including, but not limited to those related to, or arising from, Employee’s employment with the Company or the termination thereof (collectively, the “Claims”)
based on any actions or events which occurred prior to the Agreement Date. Notwithstanding the foregoing, Employee does not release any Released Parties from: (i) the Released Parties performance under this Agreement or (ii) the Released
Parties future performance under all other agreements, contracts, instruments and other documents remaining in effect to which both Employee and one or more of the Released Parties remain parties, including those specifically modified by this
Agreement. 
 In exchange for material portions of the additional consideration provided in this Agreement and in accordance with the Older
Workers Benefit Protection Act, Employee hereby knowingly and voluntarily waives and releases all rights and claims, known and unknown, arising under the Age Discrimination in Employment Act of 1967, as amended (the “ADEA”), which he might
otherwise have had against the Released Parties regarding any act or omission which occurred on or before the Agreement Date, including but not limited to those related to, or arising from, Employee’s employment with the Company or the
termination thereof. 
 6. It is further understood and agreed that all rights under Section 1542 of the Civil Code of the State of
California or any other applicable similar state statute are expressly waived by Employee. Such Section reads as follows: 
 A General
Release does not extend to claims which a creditor does not know or suspect to exist in his or her favor at the time of executing the Release, which if known by him or her must have materially affected his or her settlement with the debtor. 

7. This Agreement contains all of the terms, promises, representations, and understandings made between the parties and supersedes any
previous representations, understandings, or agreements, except for any agreement by Employee regarding confidentiality and/or protection of Company information, property, or trade secrets, which agreement(s) shall continue in full force and effect.
For purposes of clarity, as of the date hereof, the Employment Agreement is terminated in all respects, except for any provisions therein which expressly survive the termination thereof or are expressly incorporated by reference herein, including
but not limited to, those sections of the Employment Agreement set forth in Section 21 of the Employment Agreement. 

  
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 8. Employee understands that he is waiving important legal rights by signing this Agreement, and
has consulted with an attorney and/or other persons to the full extent Employee wanted to do so before signing this Agreement. 
 Employee
is hereby advised (a) to consult with an attorney prior to signing this Agreement and (b) that he has 45 days in which to consider and accept this Agreement by signing this Agreement, which should then be promptly returned to the
Company’s Global General Counsel. In addition, Employee may revoke the releases provided for in Sections 5 and 6 of this Agreement within 7 days following the Agreement Date by notifying the Company’s Global General Counsel in writing
within 7 days after the Agreement Date. If Employee revokes the releases provided for in Sections 5 and 6 above, Employee will not be entitled to any of the consideration provided for under this Agreement and the Agreement will remain in full force
and effect except with respect to the releases that have been revoked. 
 9. The parties hereto acknowledge that it is in their best
interests to facilitate the informal resolution of any disputes arising out of this Agreement or otherwise by mutual cooperation and without resorting to litigation. As a result, if either party has a legally recognized claim or dispute arising
hereunder or otherwise, including but not limited to any claim for breach of any contract or covenant (express or implied), any dispute regarding Employee’s termination of employment, tort claims, claims for harassment or discrimination
(including, but not limited to, race, sex, religion, national origin, age, handicap or disability), claims for compensation or benefits (except where a benefit plan or pension plan or insurance policy specifies a different claims procedure) and
claims for violation of public policy or, any federal, state or other governmental law, statute, regulation or ordinance (except for claims involving workers’ compensation benefits), and the parties are unable to reach agreement among
themselves within thirty (30) days, then the parties agree to submit the dispute to JAMS for binding arbitration in accordance with its then-current employment arbitration rules and procedures and applicable law. 

If the parties are unable to agree to an arbitrator, JAMS will provide the names of seven potential arbitrators, giving each party the
opportunity to strike three names. The remaining arbitrator will serve as the arbitration panel. The parties agree that the arbitration must be initiated within the time period of the statute of limitations applicable to the claim(s) if the claim(s)
had been filed in court. Arbitration may be initiated by the aggrieved party by sending written notice of an intent to arbitrate by registered certified mail to all parties and to JAMS. The notice must contain a description of the dispute, the
amount involved and the remedies sought. All fees and expenses of the arbitrator will be borne by the Company. Each party will pay for the fees and expenses of its own attorneys, experts, witnesses, and preparation and presentation of proofs and
post-hearing briefs, unless the party prevails on a claim for which attorneys’ fees are recoverable by statute, in which case the arbitrator may award attorneys’ fees and costs to the prevailing party. 

10. The Company may withhold from any amounts payable under this Agreement all such taxes, and may file with appropriate governmental
authorities for the periods covered herein all such information, returns or other reports with respect to the tax consequences of any amounts payable under this Agreement, as may, in its reasonable judgment, be required by law. 

  
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 11. Employee hereby certifies that (i) Employee has provided the Company with the
information necessary to report on Form 4 all reportable transactions that occurred from the period February 1, 2013 through the Agreement Date, and (ii) as of the Agreement Date, all of Employee’s transactions in the Company’s
securities that occurred from the period February 1, 2013 through the Agreement Date have been reported on Form 4; accordingly, as of the Agreement Date, Employee is not required to file a Form 5 for the fiscal year ending January 31,
2015. After the Agreement Date, Employee shall be responsible for providing to the Company in a timely manner all information necessary to facilitate required Section 16 filings, if any. Employee also acknowledges that he will not receive any
newly issued stock-based compensation from the Company after the Agreement Date. 
 12. For a period from the Agreement Date to the 18 month
anniversary of the Agreement Date, and for any longer period to which the parties may agree by any separate, additional contract, Employee agrees to reasonably cooperate, upon reasonable notice, at no charge, with the Company’s and its
affiliates’ and its or their counsel’s reasonable requests for information or assistance related to the Company’s and its affiliates’ defense of, or other participation in, any investigation or inquiry or any administrative,
judicial, or other proceeding arising from any charge, complaint or other action which has been or may be filed relating to the period during which Employee was engaged in employment with the Company and its affiliates and in which Employee was
involved (or may have reasonably been expected to be involved in his capacity with the UTi Group); provided, that the Company shall accommodate Employee’s reasonable requests for information and documents required in order to enable or
facilitate such cooperation for the benefit of the Company and to facilitate the Employee’s individual representation in any such investigation or proceeding. The Company shall reimburse Employee for any reasonable out-of-pocket expenses
(including legal fees of one law firm) incurred by Employee in connection with such cooperation. Employee shall not be required to cooperate (a) against his own legal interests or (b) to the extent it materially interferes with his
employment or business activities after reasonable attempts by Employee to mitigate such interference. 
 Employee agrees that, unless
required by law or authorized in advance by the Board of Directors of UTi Worldwide Inc., Employee will not knowingly communicate, directly or indirectly, with any third party, including but not limited to, any person or representative of any group
of people or entity who is suing or has stated that a legal action against the Company and its affiliates or any of their directors or officers is being contemplated, concerning the operations of the Company and its affiliates, the actions or
inactions of any of its or their employees or representatives or the legal positions taken by the Company and its affiliates, in each case with respect to Proprietary Information or information relating to any legal actions against the Company or
any of its affiliates. Employee acknowledges that the Company is cooperating with a governmental investigation, and Employee agrees to cooperate with such investigation to the extent consistent with his individual rights and interests. Nothing
herein shall be deemed to prevent Employee from cooperating with such investigation nor to compromise his full and fair individual representation in that matter nor shall anything in this Agreement be deemed to restrict Employee’s applicable
whistleblower rights (including under Rule 21F under the Securities Exchange Act of 1934, as amended). 

  
 - 7 - 

 Employee further acknowledges and agrees that any and all information learned by Employee from
the Company or any of its affiliates, or their respective employees and legal representatives in connection with or pursuant to any investigation, lawsuit or potential lawsuit against the Employee or the Company (hereafter “Privileged
Information”) is privileged information and shall be considered Proprietary Information for all purposes of the Employment Agreement and may not be disclosed to any third party (except for Employee’s legal counsel engaged for purposes of
providing advice related to such matter), unless Employee believes, in good faith, he is required to do so by law. If Employee believes in good faith disclosure is required by law, prior to making such disclosure to the extent permitted by law,
Employee shall promptly provide the Company with written notice of such disclosure and shall reasonably cooperate at no expense to Employee with the Company if the Company determines to seek a judicial protective order or other appropriate
protection of such Privileged Information. If asked about matters constituting Privileged Information in circumstances where Employee believes in good faith that disclosure is not required by law, Employee shall state that the information is
privileged and shall direct the inquirer to the Company. Employee acknowledges and agrees that any violation of this Section 12 will result in irreparable harm to the Company and its affiliates and will, in addition to other available remedies,
give rise to an immediate action by the Company and its affiliates for injunctive relief. 
 Nothing in this Agreement shall limit any right
or obligation of Employee or the Company under applicable indemnification agreements and policies. 
 13. The validity of this Agreement and
any of the terms or provisions as well as the rights and duties of the parties hereunder shall be governed by the laws of the State of Oregon, without reference to any conflict of law or choice of law principles in the State of Oregon that might
apply the law of another jurisdiction. 
 14. The Company shall instruct the Board of Directors of UTi Worldwide, Inc. and the named
executive officers of UTi Worldwide, Inc. not to make any statement to any un-affiliated third party disparaging (including for the purpose of this Section 14, any general statement broadly disseminated to employees of UTi Worldwide Inc. or any
of its subsidiaries), except, in each case, for truthful statements, as the Company believes in good faith are necessary or advisable to comply with Company’s SEC or NASDAQ disclosure obligations or as may otherwise be required by law (whether
by oral questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process). For purposes of clarity, it is acknowledged and agreed by the parties that statements that do not specifically
reference Employee, his title or position that are critical of, or otherwise negative or unfavorable regarding any systems or functions in which he was involved (regardless of whether such statements relate to a time during which Employee was an
employee of the Company) shall not be deemed to be disparaging of Employee for purposes of this Section 14. 
 15. Employee agrees
that, at the request of either the Company or UTi Worldwide Inc., Employee shall promptly sign such further resignations, documents and instruments and take all such other actions as may be reasonably necessary to carry out the resignations provided
for in Section 1 above and Employee hereby grants the corporate secretary of UTi Worldwide Inc. an irrevocable power of attorney to execute on behalf of Employee all such resignations and documents and instruments and to take all such other
actions as may be reasonably necessary to carry out the intention of this Section 15; provided, however, that the corporate secretary promptly notifies Employee in writing of each such action. 

  
 - 8 - 

							
	UTi, Services, Inc.				Ronald Berger
				
	By:		 /s/ Lance E. D’Amico
				 /s/ Ronald Berger

			Lance E. D’Amico				Ronald Berger
			Authorized Signatory				
			
	Date Signed: January 26, 2015				Date Signed: January 26, 2015

  
 - 9 - 

 EXHIBIT A-1 
  

	(a)	Restricted Share Unit Awards will vest with respect to 20,282 shares. 

  

	(b)	Stock Options with respect to (x) 4,396 shares with a strike price of $16.81 and (y) 6,165 shares with a strike price of $14.05. 

EXHIBIT A-2 
  

	(a)	Restricted Share Unit Awards will vest with respect to 50,891 shares. 

  

	(b)	Stock Options with respect to 6,166 shares with a strike price of $14.05. 

  

	(c)	Performance Share Unit Awards will vest with respect to 9,357 shares.

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