Document:

EX-10.22

 Exhibit 10.22 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is effective as of the 31st day of March, 2015 (the
“Effective Date”), between UTi, Services, Inc., a California corporation (the “Company”), and Rick Rodick (“Executive”). This Agreement amends and restates in all respects the Employment Agreement dated as of
September 8, 2012 between the Company and Executive (the “Prior Agreement”). 
 In consideration of the promises and
covenants set forth below, the parties hereto agree as follows: 
 1. Employment. The Company hereby agrees to continue to
employ Executive, and Executive hereby agrees to continue to accept such employment with the Company, provided that the terms and conditions of employment shall be as set forth in this Agreement rather than in the Prior Agreement, and all restricted
stock units, stock options and other equity-based compensation granted to Executive prior to the Effective Date shall remain outstanding in accordance with the existing terms thereof. As provided for herein, Executive agrees to also perform services
for UTi Worldwide Inc. (“UTi Worldwide”) and the related group of companies (UTi Worldwide, the Company and such related entities and companies are referred to herein collectively as the “UTi Group”) without receiving separate
consideration for such services. 
 2. Term. Executive’s continuing employment with the Company shall be governed
by the provisions of this Agreement for the period commencing on the Effective Date and continuing until such employment is terminated pursuant to this Agreement or this Agreement is terminated pursuant to the next sentence. This Agreement may be
terminated for any reason by either the Company or Executive giving written notification of an intention to terminate this Agreement to the other party, which written notification must be received at least six (6) months prior to the
termination date of this Agreement. The period during which the Executive provides services to the Company pursuant to this Agreement from and after the Effective Date shall be referenced in this Agreement as the “Employment Period.” 

 3. Position and Duties. Executive agrees to serve as an employee of the Company and as Executive Vice President —
Finance and Chief Financial Officer of UTi Worldwide and in such other position or positions within the UTi Group as may be reasonably requested by the Company or any other member of the UTi Group and to perform services for the UTi Group, all
without any additional consideration. Executive shall perform Executive’s duties and obligations faithfully and diligently and shall devote all of Executive’s business time, attention and efforts exclusively to the business of the UTi
Group. Executive shall industriously perform Executive’s duties under the supervision of, and shall report to, the Chief Executive Officer of UTi Worldwide or such other officer or officers of UTi Worldwide as determined by either the Board of
Directors of UTi Worldwide (the “UTiW Board”) or the Chief Executive Officer of UTi Worldwide. Executive shall accept and comply with all lawful directions from and all policies established from time to time which are applicable to
Executive. Executive shall adhere to the policies and procedures generally applicable to employees of the Company and the UTi Group.  

 4. Place of Performance. In connection with Executive’s employment by the
Company and except for required travel on UTi Group business, Executive shall be based at the Company’s executive offices, or such other location agreed to by Executive and the Company.  

5. Compensation and Related Matters. 

(a) Salary. During the Employment Period, the Company shall pay Executive a salary of $415,000 per annum, subject to increase (but not
decrease) in the sole discretion of the Company. Such salary shall be paid in equal semi-monthly installments (or such other intervals as the Company may elect) and shall accrue daily. 

(b) Performance Bonus; Equity-Based Compensation. During the Employment Period, Executive shall be eligible (i) for consideration
for an annual cash performance bonus in accordance with the applicable terms of the bonus plan as in effect from time to time as determined by the UTiW Board and (ii) to participate in equity-based incentive plans in accordance with the terms
of such plans and as determined by the UTiW Board. 
 (c) Vacations. During the Employment Period Executive shall be entitled to
twenty (20) business days of vacation in each fiscal year as established by applicable policies, and to compensation with respect to earned but unused vacation days determined in accordance with the applicable vacation policy. 

(d) Expenses. During the Employment Period Executive shall be entitled to receive reimbursement for reasonable out-of-pocket travel and
other expenses (excluding ordinary commuting expenses) incurred by Executive in performing Executive’s services hereunder, provided that: 

(i) Such expenditures qualify as proper business expenditures; 

(ii) Executive furnishes adequate documentary evidence for the substantiation of such expenditures and Executive complies with all applicable
policies with respect to expense reimbursement; 
 (iii) Reimbursement will be made as soon as administratively practicable and in no event
later than the last day of the calendar year following the calendar year in which the expenses were incurred; and 
 (iv) The amount of
expenses eligible for reimbursement in one calendar year will not affect the expenses eligible for reimbursement in any other calendar year. 

(e) Medical Insurance and Other Benefits. During the Employment Period Executive will be entitled to participate in applicable medical,
dental and disability insurance plans, life insurance plans, retirement plans and other employee welfare and benefit plans or programs made available to the Company’s executives or its employees generally, in accordance with and subject to the
terms of such plans and programs (including, but not limited to, terms relating to eligibility and continued participation) as may be in effect from time to time. 

  
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 6. Termination. 

(a) Termination for Cause. 

(i) The Company may at any time terminate Executive’s employment for “Cause” pursuant to the provisions of this
Section 6(a). Executive shall be given notice by the Company of its intention to terminate Executive for Cause, and Executive shall have an opportunity to address, at the option of the UTiW Board, the UTiW Board or a committee of one or more
directors of the UTiW Board, regarding the grounds on which the proposed termination for Cause is based. 
 For purposes of this Agreement,
the Company shall have “Cause” to terminate Executive’s employment upon: 
 (A) The breach by Executive of any material
provision of this Agreement (and if such breach is susceptible to cure by Executive, the failure to effect such cure by Executive within thirty (30) days after written notice of such breach is given to Executive); or 

(B) Executive’s willful failure to perform or the gross negligence in the performance of Executive’s material duties to the UTi
Group or hereunder (and if such willful failure or gross negligence is susceptible to cure by Executive, the failure to effect such cure by Executive within thirty (30) days after written notice of such willful failure or gross negligence is
given to Executive); or 
 (C) Executive’s engagement in an act of dishonesty involving or affecting the UTi Group or falsification of
the records thereof; or 
 (D) Executive’s indictment or conviction for a crime of theft, embezzlement, fraud, misappropriation of
funds or other alleged act of dishonesty by Executive, or other crime involving moral turpitude; or 
 (E) Executive’s engagement in
any violation of law relating to Executive’s employment or any violation by Executive of Executive’s duty of care or loyalty to the UTi Group. 

(ii) If Executive is terminated for Cause pursuant to this Section 6(a), neither the Company nor any other member of the UTi Group shall
have any further obligation or liability to Executive, except that Executive shall be entitled to receive, within thirty (30) days following the Date of Termination, (i) the portion of Executive’s salary which has been earned up to
the Date of Termination, (ii) compensation for any accrued and unused vacation up to the Date of Termination, (iii) reimbursement for business expenses properly incurred up to the Date of Termination and (iv) such benefits or payments
to which Executive may be entitled under the terms and conditions of any benefit, equity, incentive or compensation plan, program or award applicable to Executive and Executive’s termination or cessation of employment to the extent accrued for
the benefit of, or owing to, Executive as of the Date of Termination, which benefits or payments shall be provided at the time specified in the applicable plan, program or award (collectively, the “Accrued Benefits”). 

  
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 (b) Death. 

(i) Executive’s employment shall terminate automatically upon Executive’s death. 

(ii) If Executive’s employment is terminated because of Executive’s death pursuant to this Section 6(b), neither the Company
nor any other member of the UTi Group shall have any further obligation or liability to Executive except that Executive’s estate shall be entitled to receive, within thirty (30) days following the Date of Termination, (i) the Accrued
Benefits, and (ii) any life insurance proceeds Executive is specifically entitled to under any applicable life insurance then in effect (if any). 

(c) Disability. 
 (i)
Except to the extent prohibited by law, the Company shall have the right to terminate Executive’s employment if Executive becomes “disabled” or otherwise suffers a “disability.” As used herein, Executive shall be deemed to
have become “disabled” or to have suffered a “disability” to the extent Executive is or has been incapable of performing substantially all of Executive’s managerial and executive services hereunder for one hundred
twenty (120) days or more in the aggregate during any consecutive twelve (12) months. 
 (ii) If Executive’s employment is
terminated because of Executive’s disability pursuant to this Section 6(c), neither the Company nor any other member of the UTi Group shall have any further obligation or liability to Executive except that Executive shall be entitled to
receive, within thirty (30) days following the Date of Termination, (i) the Accrued Benefits, and (ii) any benefits to which Executive is specifically entitled under any applicable long-term disability plan as in effect on the Date of
Termination (if any). 
 (d) Termination Other Than for Cause, Death or Disability. 

(i) The Company shall be entitled to terminate Executive’s employment at any time for any or no reason and without Cause and other than
on account of Executive’s death or disability pursuant to this Section 6(d); provided, however, that the Company must deliver to Executive a Notice of Termination not less than six (6) months prior to the Date of Termination set
forth therein. 
 (ii) If Executive’s employment is terminated pursuant to this Section 6(d), neither the Company nor any other
member of the UTi Group shall have any further obligation or liability to Executive except that Executive shall be entitled to (a) continue to receive Executive’s then current monthly salary and to participate in applicable medical, dental
and disability insurance plans, life insurance plans, retirement plans and other employee welfare and benefit plans or programs applicable to Executive in accordance with the terms and conditions of such plans or programs through the Date of
Termination, and (b) commencing upon the Date of Termination, receive the Accrued Benefits and payments equal to six (6) months of Executive’s then current monthly salary as set forth in Section 5(a), subject to the
condition set forth in Section 6(d)(iii) below. Subject to Section 23 below, such payments shall be payable in six equal monthly payments commencing within sixty (60) days after the Date of Termination. Executive shall not be
entitled to a bonus for the fiscal year during which 

  
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the Notice of Termination is given; provided, however, Executive shall be entitled to receive any bonus earned for the previous fiscal year to the extent earned in accordance with its terms, but
which remains unpaid as of the Date of Termination. 
 (iii) Executive agrees that it is a condition precedent to the Company’s
obligations to pay the payments provided for in sub-clause (b) of Section 6(d)(ii) above that Executive execute a general release and waiver prepared by the Company releasing and forever discharging the Company and the other members
of the UTi Group and each and all of their respective owners, shareholders, members, predecessors, successors, assigns, agents, directors, officers and other representatives and their employee benefit plans and their fiduciaries and administrators,
and all of their related parties from any and all known and unknown claims, charges, complaints, liabilities, controversies, rights, demands, costs, and expenses and containing such other terms and conditions as the Company may reasonably determine,
and that such general release become effective and irrevocable within sixty (60) days following the Date of Termination. Executive agrees that Executive will not assign or transfer, or purport to assign or transfer, to any person any claim or a
portion thereof or any interest therein that Executive might have against the UTi Group. 
 (e) Termination of Employment Following a
Change of Control. 
 (i) If within twelve (12) months following a “Change of Control of UTi Worldwide” (as defined
below), (a) the Company terminates Executive’s employment other than for Cause or Executive’s death or disability, or (b) the Company terminates this Agreement pursuant to the second sentence of Section 2 above, then the
Company shall be obligated to pay to Executive or Executive’s estate the payments and benefits set forth in Section 6(e)(v). 

(ii) For purposes of this Agreement, a “Change of Control of UTi Worldwide” shall be defined, and be deemed to have occurred, as
set forth in Exhibit A attached to this Agreement and incorporated herein. 
 (iii) In addition, if within twelve (12) months
following a “Change of Control of UTi Worldwide,” Executive has “Good Reason” (as defined below) to terminate Executive’s employment with the Company, and Executive terminates Executive’s employment as provided for in
this Section 6(e)(iii), then the Company shall be obligated to pay to Executive or Executive’s estate the payments and benefits set forth in Section 6(e)(v) below. In order for Executive to be able to terminate Executive’s
employment pursuant to this Section 6(e)(iii), Executive must deliver to the Company a Notice of Termination not more than ten (10) business days following the conclusion of the periods set forth in subclauses (A) and (B) of
Section 6(e)(iv) below, and the Company shall have either proceeded with the involuntary relocation under subclause (A) or failed to take the actions necessary to cure the material adverse reduction under subclause (B). Executive’s
Notice of Termination shall set forth a Date of Termination, which date shall be one (1) month after the date that the Notice of Termination is delivered by Executive to the Company. 

  
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 (iv) For purposes of this Agreement, Executive shall have “Good Reason” to terminate
Executive’s employment pursuant to Section 6(e)(iii) if: 
 (A) Without Executive’s written consent, the Company relocates
Executive to a facility or location that is outside an area within a radius of (50) miles from the offices where Executive was based just prior to such Change of Control of UTi Worldwide, and Executive gives the Company written notice of
Executive’s objection to such relocation within ten (10) business days of being informed in writing of such relocation, and, following the 30-day period after it receives such notice, the Company still proceeds with the involuntary
relocation of Executive; or 
 (B) Without Executive’s written consent, the Company reduces Executive’s duties and
responsibilities such that it results in a material adverse reduction in Executive’s duties, authority or responsibilities, Executive gives the Company written notice of Executive’s objection to such reduction within ten (10) business
days of being informed of such reduction, and the Company fails to cure such material adverse reduction within thirty (30) days after written notice specifying the particular acts objected to and the specific cure requested by Executive is
delivered to the Company by Executive. 
 For purposes of clarity, Executive shall have “Good Reason” under Section 6(e)(iv)(B) above, if UTi
Worldwide no longer has its securities registered under the Securities Exchange Act of 1934, as amended. 
 (v) If Executive’s
employment is terminated under the provisions contained in this Section 6(e), neither the Company nor the UTi Group shall have any further obligation or liability to Executive except that Executive shall be entitled to receive (a) the
Accrued Benefits, (b) payments equal to twenty-four (24) months of Executive’s then current monthly salary as set forth in Section 5(a), and (c) a payment equal to (1) the amount of the target performance bonus
established for Executive for the fiscal year during which the Date of Termination occurs (but only to the extent such bonus remains unpaid at the time of Executive’s termination), multiplied by (2) 25%, if the Date of Termination occurs
during the Company’s first fiscal quarter, 50% if the Date of Termination occurs during the Company’s second fiscal quarter, 75% if the Date of Termination occurs during the Company’s third fiscal quarter, and 100% if the Date of
Termination during the Company’s fourth fiscal quarter, subject in each case to the condition set forth in Section 6(e)(vi) below. Subject to Section 23 below, such payments shall be payable in twenty-four (24) equal monthly
installments commencing within sixty (60) days after the Date of Termination. 
 (vi) Executive agrees that it is a condition
precedent to the Company’s obligations to pay the payments provided for in sub-clauses (b) and (c) of Section 6(e)(v) above that Executive execute a general release and waiver prepared by the Company releasing and forever
discharging the Company and the other members of the UTi Group and each and all of their respective owners, shareholders, members, predecessors, successors, assigns, agents, directors, officers and other representatives and their employee benefit
plans and their fiduciaries and administrators, and all of their related parties from any and all known and unknown claims, charges, complaints, liabilities, controversies, rights, demands, costs, and expenses (other than the obligations of the
Company set forth in Section 6(e)(v)) and containing such other terms and conditions as the Company may reasonably determine, and that such general release become effective and irrevocable within sixty (60) days following the Date of
Termination. Executive agrees that Executive will not assign or transfer, or purport to assign or transfer, to any person any claim or a portion thereof or any interest therein that Executive might have against the UTi Group. 

  
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 (f) Resignation by Executive. Executive shall be entitled to terminate Executive’s
employment and the Employment Period at any time, for any or no reason, by delivering to the Company a Notice of Termination not less than six (6) months prior to the Date of Termination set forth therein. During the period from the Notice
of Termination until the Date of Termination, Executive and the Company acknowledge that they shall each continue to be bound by all applicable employment procedures, policies, obligations and duties hereunder. 

(g) Notice of Termination. Any termination of Executive’s employment by the Company or by Executive (other than termination
pursuant to Section 6(b) above) shall be communicated by a written Notice of Termination to the other party hereto. For purposes of this Agreement, a “Notice of Termination” means a notice which (i) indicates the termination
provision in this Agreement relied upon, and (ii) specifies the Date of Termination. 
 (h) Date of Termination. “Date of
Termination” shall mean the date of death, the date of the determination of a disability or the employment termination date specified in the Notice of Termination, or such other date on which the Executive’s employment terminates, as the
case may be. 
 7. Exclusivity of Payments. Upon termination of Executive’s employment, Executive shall not be entitled
to any payments or other benefits from the Company, UTi Worldwide or any other member of the UTi Group, other than the payments and benefits expressly provided in Section 6 of this Agreement. Executive’s right to receive payments or
benefits under this Agreement upon termination of employment will cease if Executive breaches any provision of Sections 8 or 9 below. 

8. Proprietary Information. 

(a) Definition. Executive hereby acknowledges that Executive possesses and may make use of, acquire, create, develop or add to certain
confidential and/or proprietary information regarding the UTi Group and its businesses and affiliates (whether in existence prior to, as of or after the date hereof, collectively, “Proprietary Information”), which Proprietary Information
shall include, without limitation, all of the following materials and information (whether or not reduced to writing and whether or not patentable or protected by copyright): trade secrets, inventions, processes, formulae, programs, technical data,
“know-how,” procedures, manuals, confidential reports and communications, marketing methods, product sales or cost information, new product ideas or improvements, customer-tailored solutions and other consulting products and processes, new
packaging ideas or improvements, research and development programs, identities or lists of suppliers, vendors or customers, financial information and financial projections or any other confidential or proprietary information relating to the UTi
Group and/or its business. The term “Proprietary Information” shall also include, without limitation, any confidential or non-public information of suppliers or customers of the UTi Group obtained by Executive in the course of
Executive’s employment or association with the Company or any other member of the UTi Group. The term “Proprietary Information” does not include any information that (i) at the time of disclosure is generally available to and

  
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known by the public (other than as a result of its disclosure by Executive), (ii) becomes available to Executive on a lawful, non-confidential basis from a person other than the UTi Group or
its suppliers or customers or its or their representatives, provided that the source of such information was not known by Executive to be subject to an obligation of confidentiality or otherwise disclosed such information to Executive with the
reasonable expectation that it would remain confidential. 
 (b) Nondisclosure. During the term of this Agreement and thereafter,
Executive will not, without the prior express written consent of the Chief Executive Officer of UTi Worldwide, disclose or make any use of any Proprietary Information except as may be required in the course of the performance of Executive’s
services under this Agreement. 
 (c) Agreement Not to Solicit Employees and Customers. To protect the Proprietary Information and
trade secrets of the UTi Group, Executive agrees, during the term of this Agreement and for a period of one (1) year after termination of this Agreement, not to, directly or indirectly, either on Executive’s own behalf or on behalf of
any other person or entity, (i) to attempt to persuade, induce or solicit or employ any person who is an employee of the UTi Group or otherwise encourage such employee to cease or terminate his or her employment with the UTi Group or
(ii) use or otherwise disclose any Proprietary Information in any attempt to persuade any customer of the UTi Group to cease to do business or to reduce the amount of business which any customer of the UTi Group has customarily done or
contemplates doing with the UTi Group or to expand its business with a competitor of the UTi Group. 
 (d) Reasonableness. Executive
agrees that the covenants and agreements contained in this Section 8 are reasonable and necessary to protect the Proprietary Information of the UTi Group and that the covenants and agreements by Executive contained in this Section 8 shall
be in addition to any other agreements and covenants Executive may have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 8 shall not be deemed to limit
such other covenants and agreements, all of which shall continue to survive the termination of this Agreement in accordance with their respective terms. A breach of the terms and covenants of such other covenants and agreements shall be deemed to be
a breach of the provisions of this Section 8 and this Agreement. 
 9. Protection of Property. All records, files,
manuals, documents, specifications, lists of customers, forms, materials, supplies, computer programs and other materials furnished to the Executive by the UTi Group, used on its behalf or generated or obtained during the course of the performance
of the Executive’s services hereunder, shall at all times remain the property of the Company. Upon termination of Executive’s employment with the UTi Group, or at any other time upon request by the Company or any other member of the UTi
Group, Executive shall immediately deliver to the UTi Group, or its authorized representative, all such property, including all copies, remaining in Executive’s possession or control. 

10. Specific Performance. In the event of the breach by Executive of any of the provisions of Sections 8 or 9, the Company and
the other members of the UTi Group, in addition to all other rights and remedies they may have, may apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive or other relief to the extent 

  
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authorized by law in order to enforce or prevent any violations of the provisions thereof and Executive waives any requirement that the Company or any other member of the UTi Group post a bond or
other surety. 
 11. Arbitration. 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 Executive’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 rules 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. 
 12. Representation by Counsel. Executive acknowledges that Executive has been given the opportunity to
consult legal counsel and seek such advice and consultation as Executive deems appropriate or necessary.  
 13. Successors;
UTi Group. This Agreement is personal to the Executive and is not assignable by the Executive. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. If a particular action is required to
be taken, or a particular notice is required to be given, by the Company, and such action or notice is in fact taken by, or such notice is in fact given by, UTi Worldwide or another member of the UTi Group, then such action or notice shall be deemed
to have been taken or given by the Company. Notwithstanding anything to the contrary contained in this Agreement, Executive agrees that Executive is an employee only of the Company (or it successors or assigns, if applicable) and not an employee of
any other entity or member of the UTi Group. It is agreed that the Company may assign Executive to another member of the UTi Group for payroll purposes. 

14. Notice. For purposes of this Agreement, notices, demands and all other communications provided for in this Agreement shall
be in writing and shall be deemed to have been duly given when personally delivered, or if sent by overnight, commercial air courier  

  
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service, on the second business day after being delivered to the air courier service, or if mailed, on the fifth day after being sent by first class, certified or registered mail, return receipt
requested, postage prepaid, addressed as follows: 
  

			
	If to Executive:		At Executive’s address as indicated on the books and records of the Company.
		
	If to Company:		At the Company’s executive headquarters (with a copy to UTi Worldwide Inc. at its executive headquarters).

 Such communications may also be delivered to such other address as any party may have furnished to the other in writing in
accordance herewith, except that notices of change of address shall be effective only upon receipt thereof. 
 15.
Section 280G. To the extent that Section 280G and any related provisions of the Internal Revenue Code of 1986, as amended (the “Code”), are applicable, Executive’s payments and benefits under this Agreement and
all other arrangements, plans or programs (collectively, the “Payments”) shall not, in the aggregate, exceed the maximum amount that may be paid to Executive without triggering golden parachute penalties under Section 280G and related
provisions of the Code, as amended, as determined in good faith by the Company’s independent auditors. If any Payments must be cut back to avoid triggering such penalties, they shall be cut back in the following order (unless cutting Payments
back in such order would result in the imposition on the Executive of an additional tax under Section 409A of the Code (or similar state or local law) and cutting the Payments back in another order would not, in which case benefits shall
instead be cut back in such other order): First all Payments that do not constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code (in the order designated by the Executive). Second, all Payments
that constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code that were granted to the Executive in the 12-month period of time preceding the applicable change in control, in the order such
benefits were granted to the Executive. Third, all remaining Payments shall be reduced pro-rata. Executive and the Company agree to reasonably cooperate with each other in connection with any administrative or judicial proceedings concerning the
existence or amount of golden parachute penalties on payments or benefits Executive receives. 
 16. Resignation from
Positions. Upon Executive’s cessation of employment with the Company for any reason, Executive agrees that Executive shall be deemed to have resigned as an officer and as a director from every entity and company of the UTi Group on
which Executive is then serving as an officer or director, and any other entity or company on which Executive is then serving as a director or officer at the request of the Company or any other member of the UTi Group, in each case effective as of
the Date of Termination. In addition, if (a) Executive gives the Company notice that either Executive desires to terminate this Agreement pursuant to Section 2 above or that Executive desires to terminate Executive’s employment
pursuant to Section 6(f) above, or (b) the Company gives notice to Executive that the Company desires to terminate this Agreement pursuant to Section 2 above or that the Company desires to terminate Executive’s employment
pursuant to Section 6(d) above, then in each case Executive agrees that at the request of either the Company or UTi Worldwide that Executive shall promptly resign, as requested by either the Company or UTi Worldwide, as an 

  
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officer or director from every entity and company of the UTi Group on which Executive is then serving as an officer or director, and any other entity or company on which Executive is then serving
as a director or officer at the request of the Company or UTi Worldwide. Executive hereby grants the corporate secretary of UTi Worldwide an irrevocable power of attorney to execute on behalf of Executive all such resignations and documents and
instruments and take all such other actions as reasonably necessary to carry out the intention of this Section. 
 17. Entire
Agreement. This Agreement, together with the documents referenced herein, contains the entire agreement of the parties hereto with respect to the subject matter hereof and supersedes any and all other offer letters, agreements and
understandings, either oral or in writing, between the parties hereto with respect to the employment of Executive by the Company, including but not limited to the Prior Agreement. Each party to this Agreement acknowledges that no representations,
inducements, promises or agreements, written, oral or otherwise, have been made by any party, or anyone acting on behalf of any party, which are not embodied herein, and that no other agreement, statement or promise not contained in this Agreement
shall be valid or binding. 
 18. Amendment; Waiver; Governing Law. No provisions of this Agreement may be modified,
waived or discharged unless such waiver, modification or discharge is agreed to in a writing signed by Executive and by such officer of the Company as may be specifically designated by UTi Worldwide. No waiver by either party hereto at any time of
any breach by the other party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or
subsequent time. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of California or if Executive is not employed in California, the jurisdiction where Executive is employed by the Company.

 19. Validity. The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the
validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 
 20.
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together will constitute one and the same instrument. 

21. Survivability. The provisions in Sections 8, 9, 10, 11, 12, 14, 15, 16, 17, 18, 19 and 21 of this Agreement shall survive
any termination of this Agreement. 
 22. Withholding of Taxes; Tax Reporting. The Company may withhold from any
amounts payable under this Agreement all such taxes, and may file with appropriate governmental authorities 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.  
 23. Section 409A Compliance. Executive is solely
responsible and liable for the satisfaction of any federal, state, province or local taxes that may arise with respect to this 

  
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Agreement (including any taxes arising under Section 409A of the Code, except to the extent otherwise specifically provided in a written agreement with the Company). Neither the Company nor
any of its employees, officers, directors, or service providers shall have any obligation whatsoever to pay such taxes, to prevent Executive from incurring them, or to mitigate or protect Executive from any such tax liabilities. To the extent
applicable, it is intended that this Agreement comply with the provisions of Section 409A of the Code. This Agreement will be administered and interpreted in a manner consistent with this intent, and any provision that would cause this
Agreement to fail to satisfy Section 409A of the Code will have no force and effect until amended to comply therewith (which amendment may be retroactive to the extent permitted by Section 409A of the Code). Notwithstanding anything
contained herein to the contrary, to the extent Executive is entitled to any payments under this Agreement that constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code on account of
Executive’s termination of employment, such amounts shall not be paid until Executive has incurred a “separation from service” from Employer within the meaning of Section 409A of the Code. If, at the time of Executive’s
termination of employment under this Agreement, Executive is a “specified employee” within the meaning of Section 409A of the Code, any payments that constitute “nonqualified deferred compensation” within the meaning of
Section 409A of the Code on account of Executive’s “separation from service” within the meaning of Section 409A of the Code (including any amounts payable pursuant to the preceding sentence) will not be paid until after the
end of the sixth calendar month beginning after Executive’s “separation from service” within the meaning of Section 409A of the Code (the “409A Suspension Period”). Within 14 calendar days after the end of the 409A
Suspension Period, Executive shall be paid a lump sum payment in cash equal to 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 Wall Street Journal on any day chosen by the Company during that period. Thereafter, Executive shall receive any remaining benefits as if there had not been an earlier delay. In addition, for purposes of this Agreement, each amount
to be paid or benefit to be provided to Executive pursuant to this Agreement shall be construed as a separate identified payment for purposes of Section 409A of the Code. 

[Signature page follows] 

  
 -12- 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date set forth in
the first paragraph. 
  

					
	“Company”		UTi, Services, Inc.,
			a California corporation
			
			By:		 Lance E. D’Amico

			Name:		 Lance E. D’Amico

			Title:		 Vice President

		
	“Executive”		 Richard G. Rodick

 GUARANTEE 

In order to induce Executive to enter into the foregoing Amended and Restated Employment Agreement, UTi Worldwide Inc. hereby unconditionally
and irrevocably guarantees to Executive and Executive’s estate and legal representatives that it will cause the Company named in the Amended and Restated Employment Agreement to perform each and all of its obligations under the Amended and
Restated Employment Agreement in accordance with the terms thereof. This guarantee of performance is a principal obligation of the undersigned and shall continue in full force and effect notwithstanding any amendments or modifications to the Amended
and Restated Employment Agreement. 
  

			
	UTi Worldwide Inc.,
	a BVI corporation
		
	By:		 Lance E. D’Amico

	Name:		 Lance E. D’Amico

	Title:		 Chief Administrative Officer

  
 -13- 

 EXHIBIT A TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

For purposes of the attached Amended and Restated Employment Agreement, a “Change of Control of UTi Worldwide” shall be deemed to have occurred if:

 (i) a sale, transfer, or other disposition of all or substantially all of the assets and properties of UTi Worldwide is closed or
consummated; 
 (ii) any “person,” “entity” or “group” (within the meaning of Section 13(d)(3) and
14(d)(2)) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), other than UTi Worldwide or any majority owned subsidiary of UTi Worldwide, becomes the “beneficial owner” (as defined in Rule 13d-3 under
the Exchange Act), directly or indirectly, of securities of UTi Worldwide representing fifty percent (50%) or more of the combined voting power of UTi Worldwide’s then outstanding securities that have the right to vote in the election of
directors generally; provided, however, that the following shall not constitute a “Change of Control of UTi Worldwide” for purposes of this subclause (ii): 

(a) any acquisition directly from UTi Worldwide (excluding any acquisition resulting from the exercise of a conversion or exchange privilege
in respect of outstanding convertible or exchangeable securities); or 
 (b) any acquisition by an employee benefit plan (or related trust)
sponsored or maintained by UTi Worldwide or any entity controlled by UTi Worldwide; 
 (iii) during any period of two consecutive years
during the term of this Amended and Restated Employment Agreement, individuals who at the beginning of such period constitute the Board of Directors of UTi Worldwide cease for any reason to constitute at least a majority thereof, unless the election
of each director who was not a director at the beginning of such period has been approved in advance by directors representing at least two-thirds of the directors then in office who were directors at the beginning of the period; or 

(iv) UTi Worldwide is dissolved or liquidated or a merger, reorganization, or consolidation involving UTi Worldwide is closed or consummated,
other than a merger, reorganization, or consolidation in which holders of the combined voting power of UTi Worldwide’s then outstanding securities that have the right to vote in the election of directors generally immediately prior to such
transaction own, either directly or indirectly, fifty percent (50%) or more of the combined voting power of the securities entitled to vote in the election of directors generally of the merged, reorganized or consolidated entity (or its parent
company) immediately following such transaction.EX-10.32

 Exhibit 10.32 
 

 
  
 THIS
PARENT CUSTOMER AGREEMENT is made on 
 December 4, 2014 (Effective Date) 

BETWEEN: 
 (1) GREENSILL CAPITAL (UK) LIMITED, (company number 08126173), whose registered office is at The Lexicon, Mount Street, Manchester, England, M2 5NT (Financial Institution); and 

(2) UTi WORLDWIDE INC. (company number 141257) whose registered office is at Midocean Chambers, Road Town, Tortola,
British Virgin Islands (Parent); and 
 (3) Each those Affiliated Companies which accede to this Agreement by
execution of an Accession Schedule (each a Customer). 
 INTRODUCTION 

A. From time to time Customer may enter into commercial trade transactions with Supplier (as defined below) for the sale
of goods and/or the supply of services to Customer. 
 B. Financial Institution has entered or may in the future
enter into an accounts receivable purchase agreement with Supplier, whereby Supplier may assign and Financial Institution may have assigned to it, on a non-recourse basis, Accounts Receivable (as defined below) arising out of commercial transactions
between Supplier and Customer. 
 AGREEMENT 

1. This Agreement acknowledges the indebtedness of Parent to Financial Institution, as Supplier’s Transferee, as more
particularly provided for in clause 2.2 of the Schedule. 
 2. Parent, Customer and Financial Institution hereby
agree to the provisions set out in the Schedule. 
 3. Each of the parties has designated the individual whose
details are set out the Schedule to be its primary contact for such party on matters relating to this Agreement. 

4. By signing this Agreement or an Accession Schedule, Parent and Customer confirms they have read and are bound by this
Agreement. 
 SCHEDULE 
 Designated Account for payments due to Financial Institution 
 Bank name 
 National Australia Bank 

Bank address 
 1/168 Bourbong St 
 Bundaberg 

Queensland 4670 
 BSB 
 084571 

SWIFT 
 NATAAU33202S 
 Account number 

GRESIUSD01 
 Default Interest Rate 
 USD LIBOR (6M) plus 9.5 %
per annum 
 Parent’s details for service of notices 

Address 
 100 Oceangate, Suite 1500 
 Long Beach, CA 90802

 USA 
 Facsimile 
 +1 562 552 9489 

E-mail 
 tirvin@go2uti.com 
 Attention 

Tom Irvin 
 Parent primary contact 
 Tom Irvin, VP, Global
Treasurer 
 Customer’s details for service of notices 

As set out in relevant Accession Schedule 
 Parent’s process agent 
 Registered name

 UTi Worldwide (UK) Limited 
 Company number 
 2402322 

Registered office address 
 Hyperion Way 
 Rose Kiln Lane 

Reading, Berkshire 
 RG2 0JS 
 United Kingdom 

Customer’s process agent 
 As set out in relevant Accession Schedule 

Financial Institution’s details for service of notices 

Address 
 The Lexicon, Mount Street, Manchester M2 5NT 

E-mail 
 legal.notice@greensill.com 
 Attention 

The Company Secretary, Greensill Capital 
 Financial Institution’s primary contact 

Eleni Veli, eleni@greensill.com 
 SIGNED BY 
 /s/ Chris Bates 

{Signature} 
 Chris Bates 
 {Name} 

Chief Operating Officer 
 {Position} 
 For and on behalf of 

Financial Institution 
 SIGNED BY 
 /s/ Thomas Irvin 

{Signature} 
 Thomas Irvin 
 {Name} 

Treasurer 
 {Position} 
 For and on behalf of Parent

 1. DEFINITIONS AND INTERPRETATION 
 1.1 In this Agreement, the following terms shall have the following meanings: 
 Accession Schedule means the form of accession letter set out in the Exhibit to this Agreement. 
 Account Receivable means the right 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 Underlying
Relationship, whether or not earned by performance. 
 Adverse Claim means any lien, mortgage, security interest,
pledge, title retention, charge, set-off right, offset, reduction, recovery, claw-back, abatement, deferral, withholding, reduction, financing statement, or other encumbrance, netting, claim, defence or counterclaim, including claims related to
shipment, delivery, damage, defect, performance, failure to meet specifications, or failure to meet expressed or implied warranties, or any other right, dispute or claim of any Person. 

Affiliated Company means any company that is directly or indirectly controlled by or under common control of or with
Parent. 
 Borrowed Money means any indebtedness in the aggregate greater than $10,000,000 (ten million dollars)
(or its equivalent in other currencies) which Parent owes as a result of: borrowing or raising money; any bond, note, loan stock, debenture, commercial paper or similar instrument; any acceptance credit facility or dematerialised equivalent,
bill-discounting, note purchase or documentary credit facilities; monies raised by selling, assigning or discounting receivables or other financial assets on terms that recourse may be had to Parent in the event of non-payment of such receivables or
financial assets when due; any deferred payments for assets or services acquired other than trade payables incurred in the ordinary course of business; any rental or hire charges under finance leases; any counter-indemnity obligation in respect of
any guarantees, bonds, indemnities, standby letters of credit or other instruments issued by a third party in connection with Parent’s performance of contracts; any other transaction that has the commercial effect of borrowing; any derivative
transaction entered into in connection with protection against or benefit from fluctuation in any rate or price; and any guarantee, counter-indemnity 

 

 
  
 
or other assurances against financial loss that Parent has given for any of the items referred above of this definition incurred by any Person. 

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. 
 Certified Amount means, with respect to any Payment Obligation, an amount equal to the gross amount
of the related Account Receivable as specified in the relevant PAUF. 
 Customer means each of Parent and each
Affiliated Company who has acceded to this Agreement by execution of an Accession Schedule. 
 Default Interest
Rate means the interest rate set out in the table above. 
 Designated Account means the bank account of the
intended recipient of the relevant payment, the details of which have been provided by that recipient to Parent or Customer from time to time, and which in the case of Financial Institution may be specified in the Schedule or as otherwise notified
in writing by Financial Institution. 
 Event of Insolvency shall be deemed to have occurred with respect to a
Person if such Person shall generally not pay its debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be
instituted by or against such Person seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any law relating to
bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar official for it or for any substantial part of its property and, in the
case of any such proceeding instituted against it (but not instituted by it), either such proceeding shall remain undismissed or unstayed for a period of 30 days, or any of the actions sought in such proceeding (including, without limitation, the
entry of an order for relief against, or the appointment of a receiver, trustee, custodian or other similar official for, it or for any substantial part of its property) shall occur; or such Person shall take any action to authorize any of the
actions set forth above in this definition; or any event or circumstance occurs which under the law of any relevant jurisdiction has an analogous or equivalent effect to any of the events listed above. 

Indebtedness Default Event shall be deemed to have occurred if any Borrowed Money is not paid when due or within any
originally applicable grace period; or any Borrowed Money becomes due, or capable or being declared due and payable prior to its stated maturity by reason of an event of default howsoever described; any commitments for Borrowed Money is cancelled or
suspended by a creditor of Parent by reason of an event of default howsoever described; or any creditor of Parent becomes entitled to declare any Borrowed Money due and payable prior to its stated maturity by reason of an event of default (howsoever
described). 
 Maturity Date means, in relation to a Payment Obligation, the settlement date of that Payment
Obligation, being (a) the date set out against the corresponding Account Receivable as the “maturity date” in the relevant PAUF or, if such date is not a Business Day, the preceding Business Day or (b) such earlier date on which
such amount becomes immediately due and payable in accordance with the provisions of clause 2.2. 
 PAUF means a
payment assurance upload file, in the agreed format, which is created in respect of each Account Receivable, setting out details of Supplier, invoice number, Certified Amount and Maturity Date and any other details agreed by the parties and which
Customer may provide to Financial Institution from time to time. 
 Payment Obligation means the benefit of
Parent’s obligation to pay as provided by the provisions of clause 2.2. 
 Person means an individual,
partnership, corporation (including a business trust), limited liability company, limited partnership, joint stock company, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency
thereof. 
 Supplier means any Person together with its successors and permitted assigns with whom a Supplier
Agreement is at the relevant time in force. 
 Supplier Agreement means the agreement between Financial
Institution and Supplier that regulates Transfers to Financial Institution. 
 Supplier’s Transferee means,
in relation to Supplier, any Person, to whom an Account Receivable has been Transferred. 
 Transfer Notice means
a written notice provided to Parent and/or Customer from Supplier or Supplier’s Transferee that an Account Receivable (or part thereof) has been sold by Supplier or Supplier’s Transferee. 

Transfer, Transferred or Transfers means the sale, assignment or transfer or purported sale, assignment or transfer of an
Account Receivable (whether in whole or in part). 
 Underlying Relationship means a business relationship
between Customer and Supplier. 
 2. THE PAUF AND PAYMENT OBLIGATION 

2.1 Customer as agent for Parent may, but is not obliged to, submit PAUFs. Where Customer elects to send a PAUF, it shall
do so, together with an authorising letter. 
 2.2 Parent creates and assumes, in respect of the Account
Receivables set out in each PAUF, an independent, irrevocable, unconditional, legal, valid, transferable and binding obligation of Parent in favour of Supplier (or, in the event of a Transfer, in favour of the Supplier’s Transferee) to pay or
procure the payment to the relevant Designated Account by 12:00 noon London time on the relevant Maturity Date an amount equal to and in the same currency as the relevant Certified Amount without deduction, withholding or counterclaim and without
exercising any right of set-off under the Underlying Relationship or otherwise, and such amount shall be due and payable by Parent on the Maturity Date, irrespective of any non- or partial performance by Supplier under the Underlying Relationship.
In the event of any failure by Parent to make any payment, or to cause payment to be made, when due under this Agreement where such failure is not remedied within 5 Business Days, or if an Event of Insolvency or an Indebtedness Default Event occurs
with respect to Parent, then all Certified Amounts then unpaid shall become immediately due and payable without any further action by Supplier’s Transferee. If any withholding or deduction is required by applicable law Parent shall, when making
or procuring the payment to which the withholding or deduction relates, pay such additional amount as will ensure that Supplier (or, in the event of a Transfer, the Supplier’s Transferee) receives the same total amount that it would have
received if no such withholding or deduction had been required. 
 2.3 Nothing in this Agreement (including
Parent’s obligation to make payments in accordance with clause 2.2) 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 clause 2.2. The parties acknowledge that this clause does not create rights against Financial Institution or Supplier’s Transferee. 
 2.4 For the avoidance of doubt, the obligation of Parent to pay Certified Amounts on the relevant Maturity Dates shall survive the termination or expiry of this Agreement or the Supplier
Agreement or the default by any party under this Agreement. 
 2.5 Parent and Customer acknowledge and agree
that: 
 2.5.1 while Parent’s payment of a Certified Amount to Supplier or a Supplier’s Transferee, as
applicable, will reduce Parent’s 

 

 
  
 
obligation to pay the related Account Receivable by an amount equal to such Certified Amount, all other sums owed to Supplier by virtue of the Underlying Relationship shall remain outstanding;
and 
 2.5.2 Financial Institution shall have no responsibility or liability for disputes that arise between
Customer and Supplier, any Supplier’s Transferee or any other third party, including disputes with respect to any Adverse Claims. 
 2.6 All payments made by Parent pursuant to this Agreement shall be made in the currency of the relevant Account Receivable. Parent 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 Certified Amount on the relevant Maturity Date. 
 2.7 If any payment made by any party hereunder is made erroneously, including a payment to an incorrect payee or in an incorrect amount, Parent and Customer shall provide such assistance
as Financial Institution and Supplier or Supplier’s Transferee may reasonably require to correct such error without delay, including returning any incorrect payments received by it. 

2.8 Customer accepts and consents to the Transfer of each Account Receivable, to and by Financial Institution and
thereafter by any Person to whom such Account Receivable or part thereof has been Transferred. Parent and Customer each acknowledge that it shall treat each Transfer Notice it receives at its address provided in accordance with clause7.1, by any
means as being given by or on behalf of Supplier or Supplier’s Transferee. 
 2.9 If Parent fails to make
any payment, or to cause payment to be made, when due under this Agreement where such failure is not remedied within 5 Business Days, interest on the unpaid amount shall accrue daily, from and including the due date of payment to but excluding the
date of actual payment (both before and after judgment, as a separate and independent obligation), at the Default Interest Rate. Default payment interest accruing under this clause 2.9 will be immediately payable by Parent on demand. 

3. RECORDS 
 3.1 Parent shall ensure that Customer shall only deliver PAUFs 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. Parent shall ensure that Customer shall not deliver PAUFs for investment or arbitrage functions or purposes, or for any money laundering purpose, or in contravention of any applicable
law. 
 3.2 Parent shall ensure that Customer shall maintain sufficient records of all transactions with respect
to the Underlying Relationship (or associated disputes) to which it is a party, and with respect to compliance of such transactions with applicable law (“Records”). Customer shall retain each Record required to be maintained under this
clause 3 during the longer of (i) the term of this Agreement (iii) as may be required by applicable law. 
 3.3
Parent shall ensure that Customer shall provide Financial Institution with copies of such Records as Financial Institution may require and shall allow Financial Institution to examine and take copies of the Records, or any part of them, which are
reasonably required in order to comply with an order, instruction or request from any authority of competent jurisdiction, or to ensure Parent’s and Customer’s compliance with the terms of this Agreement. 

3.4 Financial Institution shall be entitled to rely upon without further enquiry, any communication which Financial
Institution believes in good faith to be given or made by Parent or 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.

 4. REPRESENTATIONS AND WARRANTIES 
 4.1 Parent represents and warrants to Financial Institution and each Supplier’s Transferee, at the Effective Date and on each date on which it submits a PAUF, as if made on such date
with reference to the facts and circumstances then existing, that: 
 4.1.1 this Agreement is a legal, valid and
binding obligation of Parent enforceable in accordance with its terms, and the execution and delivery of this Agreement by Parent, and performance of this Agreement by Parent has been duly authorised (pursuant to its constitutional documents and
applicable law) by all necessary corporate or other action required of Parent; 
 4.1.2 each Person who purports
to provide a PAUF on behalf of Parent has been duly authorised by Customer and each PAUF is duly authorised by and is binding on Parent; 
 4.1.3 the obligation set out in clause 2.2 is an irrevocable, legal, valid and binding obligation of Parent that is fully enforceable against Parent by the relevant Supplier’s
Transferee; 
 4.1.4 each Account Receivable Transferred by Supplier or Supplier’s Transferee will be
recognised by Parent and Customer as having been validly sold and assigned to the relevant Supplier’s Transferee, free of any set off or Adverse Claim; 
 4.1.5 the goods and services purchased by Customer from Supplier which give rise to each Payment Obligation do not include any goods or services the supply or receipt of which is contrary
to applicable law (including without limitation applicable national and international export control, trade sanction and embargo laws, regulations, treaties and conventions); and 

4.1.6 it shall comply with all applicable laws relevant to the conduct of its obligations under this Agreement.

 4.2 Financial Institution represents and warrants, at the Effective Date and on each date on which it
acknowledges receipt of a PAUF, as if made on such date with reference to the facts and circumstances then existing, that: 
 4.2.1 this Agreement is legal, valid and binding on Financial Institution and any obligation expressed to be assumed by Financial Institution under this Agreement is enforceable in
accordance with its terms; 
 4.2.2 the execution, delivery and performance of this Agreement by Financial
Institution has been duly authorised by all necessary corporate or other action required by Financial Institution; and 
 4.2.2 Financial Institution shall comply with all applicable laws relevant to the conduct of its obligations under this Agreement. 

4.3 Except as expressly set forth in clause 4.2, no representations or warranties, whether express or implied are made by
Financial Institution. 
 5. INDEMNITY 
 5.1 Parent shall defend and indemnify Financial Institution and each Supplier’s Transferee against any claims, liabilities, damages, costs and expenses (including reasonable
attorney’s fees) awarded against or incurred by Financial Institution and each Supplier’s Transferee 

 

 
  
 
arising out of any breach by the Parent of this Agreement or in connection with clause 2.5.2 of this Agreement. 
 6. TERMINATION 
 6.1 Subject to clauses 2.2, 6.2,
6.3 and 6.4, the term of this Agreement shall commence on the Effective Date for a period of 3 years, and shall continue thereafter unless or until either the Parent and Customer (acting together) or the Financial Institution gives the other(s) not
less than ninety (90) days’ written notice at any time. 
 6.2 Either the Parent and Customer (acting
together) or the Financial Institution may terminate this Agreement immediately upon notice to the other(s) if such other(s) commit(s) a material breach of this Agreement and fails to cure such breach within fifteen (15) days following written
notice from the non-breaching party to the breaching party, specifying such breach. 
 6.3 Financial Institution
may terminate this Agreement forthwith by notice in writing to Parent and Customer: (a) if necessary to prevent or protect against fraud or illegal conduct; or (b) if Parent fails to pay amounts when due. 

6.4 On termination or expiry of this Agreement, in addition to any outstanding Payment Obligation, the following clauses
shall continue in force: 2, 4, 5, 6.4, 8 and 9 along with any other provisions of this Agreement that expressly or by implication is intended to come into or continue in force on or after termination or expiry. 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, including the right to claim damages in respect of any breach of the Agreement that existed at or
before the date of termination or expiry. 
 7. NOTICES 

7.1 Any notice (which term shall in this clause 7 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 the table above. Any party to this Agreement may notify the other party of any
change to this address by written notice. 
 7.2 Parent and Customer agrees that Financial Institution may,
acting in good faith, presume the authenticity, genuineness, accuracy, completeness and due execution of any email or fax communication bearing a facsimile or scanned signature resembling a signature of an authorized representative or officer of
Parent or Customer without further verification or inquiry by Financial Institution. Notwithstanding the foregoing, Financial Institution in its sole discretion may elect not to act or rely upon such a communication and shall be entitled (but not
obligated) to make inquiries or require further Parent or Customer action to authenticate any such communication. 
 7.3 A copy of any notice served by Parent or Customer in accordance with the preceding clauses shall be sent by email to: legal.notice@greensill.com. 

8. GENERAL 
 8.1 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 neither Parent nor Customer may assign any of its rights hereunder without Financial Institution’s prior written consent, given or withheld in Financial Institution’s sole discretion. Financial
Institution shall have the right without the consent of or notice to either Parent or Customer to sell, transfer, negotiate, or grant participations in all or any part of, or any interest in, Financial Institution’s obligations, rights and
benefits hereunder. 
 8.2 Financial Institution shall keep information provided to it by Parent or Customer
which is of a confidential nature with respect to the Parent or respective Customer and is not (a) public information or (b) information already known by Financial Institution prior to the date the information is provided to Financial
Institution by Parent or Customer or (c) information obtained by Financial Institution after the date it was provided by Parent or Customer, in each case for (b) and (c) which has, as far as Financial Institution is aware, not been obtained in
breach of, or otherwise subject to, any obligation of confidentiality, confidential, provided that Financial Institution may disclose any information about Parent, Customer, this Agreement or Supplier as Financial Institution shall consider
appropriate to: (i) any Person to (or through) whom it assigns all or any of its rights or transfers all or any of its obligations (or may potentially assign its rights or transfer its obligations) under this Agreement; (ii) any Person with (or
through) whom Financial Institution enters into (or may potentially enter into) any participation in relation to, or any other transaction under which payments are to be made by reference to, this Agreement (in each case for (i) and (ii),
provided that the recipient has entered into a non-disclosure/confidentiality agreement with or provided a non-disclosure/confidentiality undertaking in favour of Financial Institution); (iii) any Person to whom, and to the extent that,
information is required to be disclosed by any applicable law or regulation; or (iv) or its professional advisers, bankers or investors who are obligated to maintain confidentiality. 

8.3 If any provision of this Agreement shall be held to be illegal, void, invalid or unenforceable under the laws of any
jurisdiction, the legality, validity and enforceability of the remainder of this Agreement in that jurisdiction shall not be affected, and the legality, validity and enforceability of the whole of this Agreement in any other jurisdiction shall not
be affected. 
 8.4 This Agreement may be executed in two or more counterparts, which together shall constitute
one Agreement. 
 8.5 Subject to clause 8.6, 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. 
 8.6 Supplier and
each Supplier’s Transferee shall benefit from and be entitled to enforce clauses 2, 3, 4 and 5 with respect to each Payment Obligation and related Account Receivable in relation to which it is Supplier or Supplier’s Transferee, regardless
of whether the transfer was in whole or in part, and any such Transfer shall be constituted as a separate legal claim in respect of its part of the Payment Obligation and Transferred Account Receivable distinct and separate from any claims in
respect of the remaining Payment Obligation and Transferred Account Receivable(s). A Supplier’s Transferee may at any time assign the rights conferred upon it by this clause 8.6 to another Supplier’s Transferee. 

9. GOVERNING LAW 
 9.1 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. Each party irrevocably submits to the non-exclusive jurisdiction of the courts of England and Wales. 
 9.2 If Parent or Customer is not a company registered in England and Wales it hereby authorises and appoints the person whose details are set out in the Schedule (or such other person as
it may from time to time substitute by not less than fifteen days written notice to Financial Institution) to accept service of all legal process arising out of or connected with this Agreement and service upon such person (or substitute) shall be
deemed to be service on Parent or Customer (as applicable). Except upon such a substitution, Parent or Customer (as 

 

 
  
 
applicable) shall not revoke any such authority or appointment and shall at all times maintain an agent for service of process in England and Wales, and if any such agent ceases for any reason to
be an agent for this purpose, shall forthwith appoint another agent and advise Financial Institution accordingly. 

 

 
  
 Exhibit

 Accession Schedule 
 [On Parent Letterhead] 
 This Accession Schedule is
made the [ ] day of [ ] 20[ ] and is made pursuant to an Agreement dated [ ] day of [ ] 20[ ] between Greensill Capital (UK) Limited (Financial Institution), [XYZ Co], (Parent) and certain Affiliated Companies (Customers). 

Terms defined in the Agreement have the same meaning in this Accession Schedule unless given a different meaning herein.

 Parent confirms 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} is an Affiliated Company (Acceding Customer) 
 With effect from the date hereof, it is hereby agreed by Financial Institution, Parent (for itself and on behalf of all Customers) and the Acceding Customer that the Acceding Customer
hereby accedes and becomes a party to the Agreement and is bound by the terms of and derive rights and be subject to obligations under the Agreement as a Customer. 
 The Acceding Customer’s notice and administrative details are as follows: 
 Customer’s details for service of notices 

Address 
 Facsimile 
 E-mail 

Attention 
 Customer’s process agent 
 Registered name

 Company number 
 Registered office address 
 SIGNED BY 

{Signature} 
 {Name} 
 {Position} 

For and on behalf of 
 Financial Institution 
 SIGNED BY 

{Signature} 
 {Name} 
 {Position} 

For and on behalf of Parent 
 SIGNED BY 
 {Signature} 

{Name} 
 {Position} 
 For and on behalf of 

Acceding Customer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00243-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00243-of-00352.parquet"}]]