Document:

Exhibit
4.1

THIS SECURITY (OR ITS PREDECESSOR) WAS
ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS
SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF
SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS
SECURITY IS HEREBY NOTIFIED THAT THE SELLER OF THIS SECURITY MAY BE RELYING ON
AN EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT.

THE HOLDER OF THIS SECURITY AGREES FOR THE
BENEFIT OF THE COMPANY THAT (A) THIS SECURITY MAY BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED, ONLY (I) IF THIS SECURITY IS ELIGIBLE FOR RESALE
PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A
UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE
144A, (II) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT
PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE), (III) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT, (IV) TO THE COMPANY OR ANY OF
ITS SUBSIDIARIES, OR (V) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED ON AN OPINION OF
COUNSEL ACCEPTABLE TO THE COMPANY), IN EACH OF CASES (I) THROUGH (V) IN
ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO,
NOTIFY ANY SUBSEQUENT PURCHASER OF THIS SECURITY FROM IT OF THE RESALE  RESTRICTIONS REFERRED TO IN CLAUSE (A) ABOVE.

SIRVA,
INC.

12%
CONVERTIBLE NOTE DUE JUNE 1, 2011

No.           

	
  $

  	
  June
       , 2007

  

 

SIRVA, Inc., a
Delaware Corporation (the “Company” which term includes any successor
Company or other successor business entity), for value received, hereby
promises to pay to                         
(or its successors and permitted assigns)(“Holder”), the principal sum
of               Dollars
($               )
(the “Principal Amount”) on the Maturity Date (as defined

below),
together with accrued interest on the unpaid balance of the principal amount of
this Note at the rate of twelve percent (12%) per annum.  The maturity date under this Note shall be
June 1, 2011 (the “Maturity Date”). 
Certain defined terms used in this Note have the meanings assigned to
them in Section 21.

1.                                       Interest.  Interest (“Interest”) on this Note
shall accrue on the unpaid principal at a per annum rate of 12% beginning on
June 1, 2007.  Interest shall be payable
in the form of Common Stock quarterly in arrears on the Quarterly Interest
Payment Date and on the Maturity Date or any other date this Note is paid in
full, commencing on the first Quarterly Interest Payment Date following the
Issuance Date.  The number of shares of
Common Stock to be issued on each Quarterly Interest Payment Date and on the
Maturity Date or any other date this Note is paid in full shall be equal to the
Interest due divided by the lesser of (a) $2.00 per share or (b) the Market
Value per share, rounding down to the next whole share amount.  All such shares shall be issued in the name
of the Holder or its designee and shall be fully paid and non-assessable and
subject only to transfer restrictions which are similar to those set forth in
the Securities Purchase Agreement. 
Interest will be computed on the basis of a 365-day year and actual days elapsed.

2.                                       Payments of Principal.  On the
Maturity Date or upon redemption in accordance with Section 5(b) or Section 6,
the Company shall pay to the Holder an amount in cash equal to the Principal
Amount.

3.                                       Method
of Payment.  The Company shall pay
the Principal Amount in currency of the United States that at the time of
payments is legal tender for payment of public and private debts.  Payments shall be made to the Holder by wire
transfer of immediately available funds to the account designated in writing by
the Holder or by such other means designated in writing by the Holder and provided
to the Company at least five Business Days before any such payment.  If the Principal Amount and accrued Interest
on this Note are not paid in accordance with its terms, the Company shall pay
to the Holder, in addition to the Principal Amount and accrued Interest
thereon, all costs of collection of the Principal Amount and accrued Interest,
including, but not limited to, reasonable attorneys’ fees, court costs and
other costs for the enforcement of payment of this Note.

4.                                       Conversion.

(a)                             Conversion
after Conversion Event.  Upon the
Conversion Event, each $1,000 of the Original Principal Amount shall
automatically convert into one (1) share (“Conversion Shares”) of
Convertible Preferred Stock, subject to any applicable laws.

(b)                            Covenants.  The Company covenants and agrees that so long
as this Note is outstanding, (i) the Company shall have authorized and reserved
a sufficient number of shares of Convertible Preferred Stock to enable the
Holder to convert this Note into Convertible

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Preferred Stock, in
addition to any other terms and preferences agreed to by the Holder in writing,
and (ii) the Company shall issue the shares of Convertible Preferred Stock upon
conversion of this Note in accordance with the terms hereof.  The Company further covenants to cause the
shares of Convertible Preferred Stock, when issued pursuant to this Section 4,
to be fully paid and nonassessable, and free from all taxes, liens and charges
with respect to the issuance thereof (other than any liens that may be imposed
pursuant to applicable securities laws).

(c)                             Procedure.   The Company shall immediately provide
written notice to the Holder after the Conversion Event.  Upon prompt surrender of the Note to the
Company by the Holder after the Conversion Event, the Company shall issue and
deliver the Conversion Shares to the Holder on behalf of the Company and pay
any accrued and unpaid Interest owed to the Holder up to and including the
Conversion Date.  The Holder shall be
deemed to have become the holder of record of, and shall be treated for all
purposes as the record holder of, the Conversion Shares issuable hereunder (and
such Conversion Shares shall be deemed to have been issued) the day following
the Conversion Date.

5.                                       Events
of Default; Rights Upon Event of Default

(a)                             Events
of Default.  Each of the following
events shall constitute an “Event of Default”:

(i)                          the
Company’s failure to pay to the Holder any amount of Principal, Interest or
other amounts when and as due under this Note (including, without limitation,
the Company’s failure to pay any redemption payments or amounts hereunder),
which such failure continues for a period of at least 30 days;

(ii)                       default in
the performance, or breach, of any covenant or warranty of the Company in the
Transaction Documents or any other agreement, document, certificate or other
instrument delivered in connection with the transactions contemplated hereby
and thereby to which the Holder is a party and continuance of such default or
breach for a period of 30 days after there has been given, by registered or
certified mail, to the Company by a Holder of at least 20% in principal amount
of the then outstanding Notes a written notice specifying such default or
breach and requiring it to be remedied and stating that such notice is a “notice
of default” hereunder;

(iii)                    a default
under any bonds, debentures, notes or other evidences of indebtedness for money
borrowed of the Company or under any mortgages, indentures or instruments under
which there may be issued or by which there may be secured or evidenced any
indebtedness for money borrowed by the Company, whether such indebtedness now
exists or shall hereafter be created, which indebtedness, individually or in
the aggregate, has a principal amount outstanding in excess of $10,000,000,
which default shall have resulted in such indebtedness becoming or being
declared due and payable prior to the date on which it would otherwise have
become due and payable, without such indebtedness having been discharged, or
such acceleration having been rescinded or annulled, within a period of 30 days
after there shall

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have been given, by
registered or certified mail, to the Company by the Holders of at least 20% in
principal amount of the then outstanding Notes, a written notice specifying
such default and requiring the Company to cause such indebtedness to be
discharged or cause such acceleration to be rescinded or annulled and stating
that such notice is a “notice of default” hereunder (unless such default has
been cured or waived);

(iv)                   a final
judgment or judgments for the payment of money aggregating in excess of
$10,000,000 are rendered against the Company or any of its Subsidiaries and
which judgments are not, within 30 days after the entry thereof, bonded,
discharged or stayed pending appeal, or are not discharged within 30 days after
the expiration of such stay; provided, however, that any judgment which is
covered by insurance or an indemnity from a credit worthy party shall not be
included in calculating the $10,000,000 amount set forth above so long as the
Company provides the Holder a written statement from such insurer or indemnity
provider (which written statement shall be reasonably satisfactory to the
Holder) to the effect that such judgment is covered by insurance or an
indemnity and the Company will receive the proceeds of such insurance or
indemnity within 30 days of the issuance of such judgment;

(v)                      the Company
or any Subsidiary (as defined in the Securities Purchase Agreement) pursuant to
or within the meaning of any Bankruptcy Law:

(1)                                 commences
a voluntary case,

(2)                                 consents
to the entry of an order for relief against it in an involuntary case,

(3)                                 consents
to the appointment of a Custodian of it or for all or substantially all of its
property, or

(4)                                 makes
a general assignment for the benefit of its creditors; or

(5)                                 a
court of competent jurisdiction enters an order or decree under any Bankruptcy
Law that:

(a)                        is for
relief against the Company or any Subsidiary in an involuntary case,

(b)                       appoints a
Custodian of the Company or any Subsidiary or for all or substantially all of
the property of any of them, or

(c)                        orders the
winding up or liquidation of the Company or any Subsidiary, and the order or
decree remains unstayed and in effect for 30 days.

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As used in this Section 5(a), the term “Bankruptcy Law” means
title 11, U.S.  Code or any similar
Federal or State law for the relief of debtors and the term “Custodian”
means any receiver, trustee, assignee, liquidator or other similar official
under any Bankruptcy Law.

(b)                            Consequences of Event of Default.  Promptly
after the Company has knowledge of the occurrence of an Event of Default or any
event which with the giving of notice or the passage of time, or both, could
become such an Event of Default with respect to this Note or any other Note, the
Company shall deliver written notice thereof via facsimile and overnight
courier to the Holder.  At any time after
the occurrence and during the continuance of an Event of Default, the Holder
may require the Company to redeem this Note. 
The Holder may effect the redemption by sending written notice (“Redemption
Notice”) to the Company stating the Holder has elected to exercise the
redemption option, surrendering the Note and providing payment
instructions.  The Company shall have ten
days to pay the Principal Amount plus any accrued but unpaid Interest up
to and including the payment date (“Redemption Price”) upon receipt of the Redemption Notice.  The Company shall pay the Redemption Price in
cash (except for any accrued Interest). The Holder shall be entitled to seek
any available remedy for the enforcement of this Note, including for the
payment of any Redemption Price.  Nothing
shall preclude the Holder from pursuing or obtaining specific performance or
other equitable relief with respect to this Note.

6.                                       Redemption.

(a)                             Fundamental
Change Redemption.  The Holder shall
have the option to have the Company redeem the Note at the Redemption Price if
a Fundamental Change occurs (“Fundamental Change Redemption”).  The Holder may effect the Fundamental Change
Redemption, by delivering a Redemption Notice to the Company stating the Holder
has elected to exercise the Fundamental Change Redemption, surrendering the
Note and providing payment instructions. 
The Company shall have ten days to pay the Redemption Price upon receipt
of the Redemption Notice.  The Company
shall pay the Redemption Price in cash (except for any accrued Interest).

(b)                            Limitation
on Fundamental Change Redemption.  A
Fundamental Change Redemption is subject to the Company’s obligation to repay
or repurchase any Indebtedness that may be required to be repaid or repurchased
in connection with a Fundamental Change and to any contractual restrictions
contained in the terms of any Indebtedness that the Company has at that time.  If a Redemption Option is exercised at a time
when the Company is prohibited from redeeming this Note for cash under the
terms of any Indebtedness, the Company shall use reasonable best efforts to
obtain the consent of its lenders to redeem this Note for cash or attempt to
refinance the debt containing such prohibition.

7.                                       Limitation
on Indebtedness.  As long as the
Notes remain outstanding, the Company shall not, without the prior written
consent of the holders of the Notes
representing at least a majority of the aggregate principal amount of the Notes,
create or issue any series or class of stock, any promissory notes or incur
other Indebtedness which ranks senior to
the Notes in right of payment, whether in respect of payment of redemptions,
interest, damages or upon

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liquidation
or dissolution or otherwise after the date hereof, except such consent
shall not be necessary for Indebtedness pursuant to the Credit Agreement or
relating to a refinancing of the Credit Agreement (defined below) and
Indebtedness relating to working capital not to exceed $50,000,000 in the
aggregate.

8.                                       Existence of Liens.  So
long as the Notes remain outstanding, the
Company shall not, and the Company shall not permit any of its Subsidiaries to,
directly or indirectly, allow or suffer to exist any mortgage, lien, pledge,
charge, security interest or other encumbrance upon or in any property or
assets (including accounts and contract rights) owned by the Company or any of
its Subsidiaries other than Permitted Liens and Liens permitted by the Credit
Agreement.

9.                                       Restriction on Redemption and Dividends.  So
long as the Notes remain outstanding, the
Company shall not, directly or indirectly, (A) repurchase (other than the
repurchase of shares of Common Stock from employees in connection with loans
made to such employees prior to the date hereof), redeem, or declare or pay any
cash dividend or distribution on, the Common Stock or (B) distribute any
material property or assets of any kind to holders of the Common Stock in
respect of the Common Stock.

10.           Amendment
and Waiver.

(a)                             Consent
Required.  Any term, covenant,
agreement or condition of this Note may, with the consent of the Company and
the Holders, be amended or compliance therewith may be waived (either generally
or in a particular instance and either retroactively or prospectively) if the
Company shall have obtained the consent in writing of the Holders of at least
50% in principal amount of the then outstanding Notes.

(b)                            Effect
of Amendment or Waiver.  Any
amendment or waiver shall be binding upon each future holder of this Note and
upon the Company and the Holder, whether or not this Note shall have been
marked to indicate such amendment or waiver. 
No such amendment or waiver shall extend to or affect any obligation not
expressly amended or waived or impair any right consequent thereon.

11.                                 Transfer.  This Note (or any portion of it)
and any shares of Convertible Preferred Stock issued upon conversion of this
Note may be offered, sold, assigned or transferred by a Holder without the
consent of the Company, subject only to the provisions of Sections 2(d) and
2(e) of the Securities Purchase Agreement.

12.                                 Reissuance Of A Note.  

(a)                             Transfer.  If this Note is to be
transferred, the Holder shall surrender this Note to the Company, whereupon the
Company will forthwith issue and deliver upon the order of the Holder a new
Note (in accordance with Section 12(c)), registered as the Holder may request,
representing the Principal Amount being transferred by the Holder.

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(b)                            Lost, Stolen or Mutilated Note.  Upon
receipt by the Company of evidence reasonably satisfactory to the Company of
the loss, theft, destruction or mutilation of this Note, and, in the case of
loss, theft or destruction, of an indemnity bond in the Principal Amount of the
Note and an indemnification undertaking by the Holder to the Company, which
undertaking shall be reasonably satisfactory to the Company, and, in the case
of mutilation, upon surrender and cancellation of this Note, the Company shall
execute and deliver to the Holder a new Note (in accordance with Section 12(c))
representing the Principal Amount.

(c)                             Issuance of New Notes.  Whenever
the Company is required to issue a new Note pursuant to the terms of this Note,
such new Note (i) shall be of like tenor with this Note, (ii) shall represent,
as indicated on the face of such new Note, the Principal Amount, (iii) shall
have an issuance date, as indicated on the face of such new Note, which is the
same as the Issuance Date of this Note and (iv) shall have the same rights and
conditions as this Note.

13.                                 Remedies, Characterizations, Other Obligations,
Breaches and Injunctive Relief.  The remedies provided in this Note shall be
cumulative and in addition to all other remedies available under this Note and
any of the other Transaction Documents, at law or in equity (including a decree
of specific performance and/or other injunctive relief), and nothing herein
shall limit the Holder’s right to pursue actual damages for any failure by the
Company to comply with the terms of this Note. 
Amounts set forth or provided for herein with respect to payments,
conversion and the like (and the computation thereof) shall be the amounts to
be received by the Holder and shall not, except as expressly provided herein,
be subject to any other obligation of the Company (or the performance
thereof).  The Company acknowledges that
a breach by it of its obligations hereunder will cause irreparable harm to the
Holder and that the remedy at law for any such breach may be inadequate.  The Company therefore agrees that, in the
event of any such breach or threatened breach, the Holder shall be entitled, in
addition to all other available remedies, to an injunction restraining any
breach, without the necessity of showing economic loss and without any bond or
other security being required.

14.                                 Payment
of Collection, Enforcement and Other Costs. 
If (a) this Note is placed in the hands of an attorney for collection or
enforcement or is collected or enforced through any legal proceeding or the
Holder otherwise takes action to collect amounts due under this Note or to
enforce the provisions of this Note or (b) there occurs any bankruptcy,
reorganization, receivership of the Company or other proceedings affecting
Company creditors’ rights and involving a claim under this Note, then the
Company shall pay the reasonable costs incurred by the Holder for such
collection, enforcement or action or in connection with such bankruptcy,
reorganization, receivership or other proceeding, including, but not limited
to, reasonable attorneys’ fees and disbursements.

15.                                 Failure or Indulgence not Waiver.  No
failure or delay on the part of the Holder in the exercise of any power, right
or privilege hereunder shall operate as a waiver thereof, nor shall any single
or partial exercise of any such power, right or privilege preclude other or
further exercise thereof or of any other right, power or privilege.

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16.                                 Cancellation.  After the Principal Amount and
accrued Interest and other amounts at any time owed on this Note have been paid
in full, this Note shall automatically be deemed canceled, shall be surrendered
to the Company for cancellation and shall not be reissued.

17.                                 Notices.  All notices, requests, consents and demands
shall be made in writing and shall be given by fax or registered or certified
mail postage prepaid to the following addresses:

if to the Company, to

SIRVA,
Inc.

700
Oakmont Lane

Westmont,
IL 60559

Facsimile:  (630) 468-4706

Attention: 
General Counsel

with a copy to:

Winston
& Strawn LLP

35
West Wacker Drive

Chicago,
Illinois  60601

Facsimile:  (312) 558-5700

Attention:  R. Cabell Morris, Jr.,
Esq.

if to the Holder, to:

[             ]

Attention:  [             ]

Fax:  [             ]

with a copy to:

[             ]

Attention:  [             ]

Fax:  [             ]

or to such other address
as may be furnished in writing to the Company or the Holder, as
applicable.  Unless otherwise indicated
herein, notices hereunder shall be effective (and deemed to be received) when
delivered, if delivered personally, or, if sent by mail, when mailed or, if
faxed, when faxed during normal business hours (with written confirmation of
receipt).  The Company hereby expressly
waives presentment, demand, and protest, notice of demand, dishonor and nonpayment
of this Note, and all other notices or demands of any kind in

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connection with the
delivery, acceptance, performance, default or enforcement hereof, and hereby
consents to any delays, extensions of time, renewals, waivers or modifications
that may be granted or consented to by the Holder with respect to the time of
payment or any other provision thereof.

18.                                 Governing
Law.  This Note shall be deemed a
contract under, and shall be governed and construed in accordance with, the
laws of the State of New York without giving effect to principles of conflicts
of laws.

19.                                 Successors,
etc.; Entire Agreement; Assignment. 
This Note shall be binding upon the Company and its successors and
assigns (but the obligations of the Company hereunder may not be transferred
without the written consent of the Holder) and shall inure to the benefit of
the Holder and its respective successors and assigns.  This Note constitutes the entire agreement
between the parties, superseding all prior understandings and writings, with respect
to the indebtedness represented hereby. 
In the event of any assignment of this Note, whether in whole or in
part, the Holder shall as promptly as practicable following such assignment
give written notice to the Company.

20.                                 Headings.  The section headings of this Note are for
convenience only and shall not affect the meaning or interpretation of this
Note or any provision hereof.

21.                                 Definitions.

“Business Day”
means any day except a Saturday, Sunday or other day on which commercial
banking institutions in New York City are authorized by law or executive order
to close.

“Capital Stock” of
any Person means any and all shares, interests, participations or other
equivalents however designated of corporate stock or other equity
participations, including partnership interests, whether general or limited, of
such Person and any rights (other than debt securities convertible or
exchangeable into an equity interest), warrants or options to acquire an equity
interest in such Person.

“Closing Sale Price”
on any date means the closing sale price per share (or, if no closing sale
price is reported, the average of the bid and ask prices or, if more than one
in either case, the average of the average bid and the average ask prices) on
that date as reported in the composite transactions for the principal U.S.
securities exchange on which the Common Stock is traded or, if the Common Stock
is not listed on a U.S. national or regional securities exchange, as reported
by the Nasdaq Stock Market. If the Common Stock is not listed for trading on a
U.S. national or regional securities exchange and not reported by the Nasdaq
Stock Market on the relevant date, the Closing Sale Price shall be the last
quoted bid price for the Common Stock in the over-the-counter market on the
relevant date as reported by the National Quotation Bureau or similar
organization. In the absence of such a quotation, the Closing Sale Price of the
Common Stock will be an amount determined in good faith by the Board of
Directors of the Company to be the fair market value of such Common Stock, and
such determination shall be conclusive.

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“Common Stock”
means the Company’s Common Stock, par value $0.01 a share.

“Conversion Date”
means the date of shareholder approval of the Conversion Event.

“Conversion Event”
means shareholder approval by holders of a majority of the shares of Common
Stock of issuance of the Convertible Preferred Stock and conversion of the
Notes into 75,000 shares of Convertible Preferred Stock.

“Convertible Preferred
Stock” means the Company’s 8% Convertible Preferred Stock, par value $0.01
per share, having the terms and preferences set forth in the form of the
Amended and Restated Certificate of Designation attached to this Note as
Exhibit A.

“Credit Agreement”
means the Credit Agreement, dated as of December 1, 2003, as amended from time
to time, among SIRVA Worldwide, Inc., a Delaware corporation, the Foreign
Subsidiary Borrowers from time to time parties thereto, the several banks and
other financial institutions from time to time parties thereto, JPMorgan Chase
Bank, N.A. (formerly known as JPMorgan Chase Bank), as administrative agent,
and the other Agents parties thereto.

“Eligible Market”
means any of The New York Stock Exchange Inc., The Nasdaq National Market, The
Nasdaq SmallCap Market or the American Stock Exchange.

“Exchange Act”
means the Securities Exchange Act of 1934, as amended.

“Fundamental Change”
means any transaction, series of related transactions or events (whether by
means of an exchange offer, liquidation, tender offer, consolidation, merger,
combination, reclassification, recapitalization or otherwise) in connection
with which:

(a)                   a “person”
or “group” within the meaning of Section 13(d) of the Exchange Act other than
the Company, its Subsidiaries or any employee benefit plan of the Company or
any of its Subsidiaries, files a Schedule TO or any schedule, form or report
under the Exchange Act disclosing that the person or group has become the
direct or indirect ultimate “beneficial owner”, as defined in Rule 13d-3 under
the Exchange Act, of the Voting Stock of the Company representing more than 50%
of the voting power of its Voting Stock;

(b)                  consummation
of any share exchange, consolidation or merger of the Company pursuant to which
the Common Stock will be converted into cash, securities or other property or
any sale, lease or other transfer in one transaction or a series of
transactions of all or substantially all of the consolidated assets of the
Company and its Subsidiaries, taken as a whole, to any Person other than a
Subsidiary of the Company (“Transferee”); provided, however, that a
transaction where the holders of more than 50% of all classes of the Voting
Stock of the Company immediately prior to the transaction own, directly or
indirectly, more than 50% of all classes of Voting Stock of the continuing or
surviving Company or Transferee immediately after the event shall not be a
Fundamental Change;

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(c)                   the
Company is liquidated or dissolved or holders of its Capital Stock approve any
plan or proposal for its liquidation or dissolution; or

(d)                  the
Common Stock ceases to be listed on an Eligible Market in the United States and
the Common Stock is not relisted on a national securities exchange in the
United States within five months of such delisting.

provided, however, that a Fundamental Change shall not
be deemed to have occurred under Subsection (b) to this definition if (i) 100%
of the consideration (excluding cash payments for fractional shares and cash
payment pursuant to statutory appraisal rights) in the transaction or
transactions consists of shares of common stock of a United States company with
full voting rights traded on an Eligible Market or quoted on the NASDAQ Stock
Market (or which shall be so traded or quoted when issued or exchanged in
connection with such transaction), (ii) as a result of such transaction or
transactions this Note shall become convertible solely into such common stock
on terms at least as favorable as the terms in which the Convertible Preferred
Stock can be converted into Common Stock as set forth in the form of the Amended
and Restated Certificate of Designation attached to this Note as Exhibit A and
(iii) the Transferee expressly assumes such obligations.

“Indebtedness”
means, as to any Person at any date, (a) all indebtedness of such Person for
borrowed money or for the deferred purchase price of property or services
(other than trade liabilities incurred in the ordinary course of business and
payable in accordance with customary practices), (b) any other indebtedness of
such Person which is evidenced by a note, bond, debenture or similar
instrument, (c) all obligations of such Person under Financing Leases (as
defined in the Credit Agreement), (d) all obligations of such Person in respect
of bankers’ acceptances issued or created for the account of such Person, (e)
for purposes of Section 7 only, all obligations of such Person in respect of
interest rate protection agreements, interest rate futures, interest rate
options, interest rate caps and any other interest rate hedge arrangements and
(f) all indebtedness or obligations of the types referred to in the preceding
clauses (a) through (e) to the extent secured by any Lien on any property owned
by such Person even though such Person has not assumed or otherwise become
liable for the payment thereof. 
Notwithstanding the foregoing, in no event shall “Indebtedness” include
(i) obligations of SIRVA Relocation, LLC, The Rowan Group plc, any of their
respective Subsidiaries or any other Subsidiary of SIRVA Worldwide, Inc.
primarily engaged in the business of providing relocation services, including
home sale and purchase assistance, management of tenant responsibilities and
other services to corporations that assist employees in their relocation needs,
and other business related thereto, to make payments under or with respect to
mortgage notes payable in the ordinary course of business in connection with
the provision of relocation services or (ii) such mortgage notes.

“Issuance Date”
means the date this Note was issued as set forth on the first page hereof.

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“Market Value” means,
with respect to any date of determination, the average Closing Sale Price of
the Common Stock for a five consecutive Trading Day period preceding the day
preceding the date of determination.

“Note” means this
Note and any other notes issued pursuant to the terms hereof or of the
Securities Purchase Agreement.

“Permitted
Liens” means (i) any lien for taxes not yet due or delinquent or being
contested in good faith by appropriate proceedings for which adequate reserves
have been established in accordance with generally acceptable accounting
principles in the United States applied on a consistent basis, (ii) any
statutory lien arising in the ordinary course of business by operation of law
with respect to a liability that is not yet due or delinquent, (iii) any lien
created by operation of law, such as materialmen’s liens, mechanics’ liens and
other similar liens, arising in the ordinary course of business with respect to
a liability that is not yet due or delinquent, (iv) deposits, pledges or liens
(other than liens arising under ERISA) securing (A) obligations incurred in
respect of workers’ compensation, unemployment insurance or other forms of
governmental insurance or benefits, (B) the performance of bids, tenders,
leases, contracts (other than for the payment of money) and statutory
obligations or (C) obligations on surety or appeal bonds, but only to the
extent such deposits, pledges or liens are incurred or otherwise arise in the
ordinary course of business and secure obligations not past due or delinquent,
(v) restrictions on the use of real property and minor irregularities in the
title thereto which do not (A) secure obligations for the payment of money or
(B) materially impair the value of such property or its use in the ordinary
course of business, (vi) any minor imperfection of title or similar lien which
individually or in the aggregate with other such liens would not reasonably be
expected to have a Material Adverse Effect, (vii) any lien created in
connection with the Credit Agreement and (viii) any lien created in connection
with the incurrence of Indebtedness existing prior to the issuance of this
Note.

“Person” means any
individual, corporation, limited liability company, partnership, joint venture,
trust, unincorporated organization or government or any agency or political
subdivision thereof.

“Quarterly Interest
Payment Date” means the 1st day of March, June, September, and December,
unless such day does not fall on a Business Day, in which it becomes the first
Business Day subsequent to the 1st day of the respective month.

“Securities Purchase
Agreement” means the Securities Purchase Agreement, dated as of September
25, 2006, by and between the Company and Holder.

“Subsidiary”
means, with respect to any Person, (i) any corporation, association or other
business entity of which more than 50% of the total voting power of shares of
Capital Stock entitled (without regard to the occurrence of any contingency) to
vote in the election of      directors,
managers or trustees thereof is at the time owned or controlled, directly or
indirectly, by such Person or one or more of the other Subsidiaries of that
Person (or a combination thereof) and (ii) any partnership (A) the sole general
partner or the managing general partner of which is

 12
 

such Person or a Subsidiary of such Person or (B) the
only general partners of which are such Person or of one or more Subsidiaries
of such Person (or any combination thereof).

“Trading Day”
means a day during which (i) trading in the Common Stock generally occurs and
(ii) a Closing Sale Price for the Common Stock is provided on the New York
Stock Exchange or, if the Common Stock is not listed on the New York Stock
Exchange, on the principal other U.S. national or regional securities exchange
on which the Common Stock is listed or, if the Common Stock is not listed on a
U.S. national or regional securities exchange, on the principal other market on
which the Common Stock is then traded.

“Transaction Documents”
means this Note, the Securities Purchase Agreement, and the Registration Rights
Agreement (as defined in the Securities Purchase Agreement) and each of the
other documents entered into or delivered by the parties hereto in connection
with the transactions contemplated by this Note.

“Voting Stock” of
a Person means all classes of Capital Stock or other interests (including
partnership interests) of such Person then outstanding and normally entitled
(without regard to the occurrence of any contingency) to vote in the election
of directors, managers or trustees thereof.

 13
 

IN WITNESS WHEREOF, the Company
has caused this Note to be executed by its duly authorized officer.

Dated as of: June              ,
2007

	
   

  	
  SIRVA, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
					

 

 14Exhibit
10.1

SIRVA WORLDWIDE,
INC.,

THE FOREIGN
SUBSIDIARY BORROWERS PARTIES HERETO,

THE SEVERAL
LENDERS

FROM TIME TO TIME PARTIES HERETO,

JPMORGAN CHASE
BANK, N.A.

as administrative agent

and

J.P. MORGAN SECURITIES INC.

as sole lead arranger and sole bookrunner

NINTH
AMENDMENT TO THE CREDIT AGREEMENT

June 25, 2007

NINTH AMENDMENT,
dated as of June 25, 2007 (this “Ninth Amendment”), to the Credit
Agreement, dated as of December 1, 2003 (as amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among SIRVA
WORLDWIDE, INC., a Delaware corporation (the “Parent Borrower”), the
Foreign Subsidiary Borrowers from time to time parties to the Credit Agreement
(together with the Parent Borrower, the “Borrowers”), the several banks
and other financial institutions from time to time parties to the Credit
Agreement (the “Lenders”), JPMORGAN CHASE BANK, N.A. (formerly known as
JPMorgan Chase Bank), as administrative agent for the Lenders (in such
capacity, the “Administrative Agent”), and the other Agents parties
thereto.

W
I  T  N  E  S  S  E  T  H:

WHEREAS, the
Borrowers, the Lenders and the Administrative Agent are parties to the Credit
Agreement; and

WHEREAS, the
Parent Borrower has requested that the Administrative Agent and the Lenders
agree to amend certain provisions of the Credit Agreement as set forth herein;

NOW THEREFORE, in
consideration of the premises and the mutual covenants hereinafter set forth,
the parties hereto hereby agree as follows:

1.             Defined Terms. Unless
otherwise defined herein, capitalized terms that are defined in the Credit
Agreement are used herein as therein defined.

2.             Amendments to Subsection 1.1
(Defined Terms). Subsection 1.1 of the Credit Agreement is hereby amended
by (a) deleting therefrom the definitions of “Applicable Margin” and “Consolidated
Interest Coverage Ratio” in their respective entireties and (b) inserting, in
proper alphabetical order, the following new or substitute defined terms and
related definitions:

“Additional Interest”: as defined in subsection
4.1(f).

“Applicable Margin”: as applied to any given
type of Loans, (a) with respect to ABR Loans, 6.25% per annum and (b) with
respect to Eurocurrency Loans, 7.25% per annum.

“Consolidated Cash Interest Expense”: for any
period, Consolidated Interest Expense for such period less Additional
Interest paid or payable for such period.

“Consolidated Interest Coverage Ratio”: for any
period, the ratio of (a) EBITDA for such period to (b) Consolidated Cash
Interest Expense for such period.

3.             Amendment to Subsection 4.1
(Interest Rates and Payment Dates). Subsection 4.1 of the Credit Agreement
is hereby amended by inserting the following paragraph (f) at the end thereof:

(f)            Each
Loan shall bear additional interest, and each Letter of Credit and outstanding
reimbursement obligation in respect thereof shall be subject to an additional 

commission or additional interest (as applicable), for each day that it
is outstanding at a rate of 1% per annum on the principal or face amount
thereof, and such additional interest and additional commission shall bear
interest, compounded quarterly on the last day of each fiscal quarter of the
Parent Borrower, at a rate of 13.6% per annum. Such additional interest and
additional commission, and the accrued interest thereon (collectively, the “Additional
Interest”), shall be payable on the Termination Date (in the case of
Revolving Credit Loans, Swing Line Loans and Letters of Credit) and the Final
Maturity Date (in the case of Tranche B Term Loans) (or, if sooner, on the date
of payment or prepayment of such Loans in full (and, in the case of the
Revolving Credit Loans, Swing Line Loans and Letters of Credit, termination of
the Revolving Credit Commitments) or any date on which the Loans become due by
acceleration). Additional Interest may be prepaid at any time and from time to
time, without premium or penalty, upon at least one Business Day’s irrevocable
notice by the Parent Borrower on behalf of the applicable Borrower to the
Administrative Agent, specifying the date and amount of such prepayment. Any
such prepayment shall be in the minimum amount of $500,000 and shall be applied
ratably to all outstanding Additional Interest.

4.             Amendment to Section 7.1
(Financial Statements). Subsection 7.1 of the Credit Agreement is hereby
amended by deleting the “.” at the end of each of clause (a) and (c) thereof
and substituting, in each case, in lieu thereof the following:

; provided that, with respect to the financial statements for
the fiscal year ended December 31, 2006, no comparisons to the previous fiscal
year shall be required.

5.             Amendment to Section 7
(Affirmative Covenants). Section 7 of the Credit Agreement is hereby
amended by inserting the following subsection 7.14 at the end thereof:

7.14         Lender
Meeting. Host, with the Administrative Agent and senior management of the
Parent Borrower, a meeting of Lenders, no later than September 30, 2007, to
review, and discuss any updates to, the Parent Borrower’s business plan.

6.             Amendment to Subsection 8.1
(Financial Condition Covenants). Subsection 8.1 of the Credit Agreement is
hereby amended by deleting such subsection in its entirety and substituting in
lieu thereof the following:

8.1.          Financial
Condition Covenants.

(a)           Maintenance of Consolidated Interest Coverage
Ratio. Permit, for any
period of four consecutive fiscal quarters of the Parent Borrower ending
during any test period set forth below, the Consolidated Interest Coverage
Ratio at the last day of such consecutive fiscal quarter period to be less than
the ratio set forth opposite such test period below:

 2
 

 

	
  Test Period

  	
   

  	
  Ratio

  	
   

  
	
  January 1, 2007 — June
  29, 2007

  	
   

  	
  1.40 to 1.00

  	
   

  
	
  June 30, 2007 —
  September 29, 2007

  	
   

  	
  1.05 to 1.00

  	
   

  
	
  September 30, 2007 —
  December 30, 2007

  	
   

  	
  0.80 to 1.00

  	
   

  
	
  December 31, 2007 —
  March 30, 2008

  	
   

  	
  0.90 to 1.00

  	
   

  
	
  March 31, 2008 — June
  29, 2008

  	
   

  	
  1.05 to 1.00

  	
   

  
	
  June 30, 2008 —
  September 29, 2008

  	
   

  	
  1.20 to 1.00

  	
   

  
	
  September 30, 2008 —
  December 30, 2008

  	
   

  	
  1.25 to 1.00

  	
   

  
	
  December 31, 2008 —
  March 30, 2009

  	
   

  	
  1.30 to 1.00

  	
   

  
	
  March 31, 2009 and thereafter

  	
   

  	
  4.00 to 1.00

  	
   

  

 

(b)           Maintenance
of Consolidated Leverage Ratio. Permit, at the last day of any fiscal
quarter ending during any test period set forth below, the Consolidated
Leverage Ratio to be greater than the ratio set forth opposite such test period
below:

	
  Test Period

  	
   

  	
  Ratio

  	
   

  
	
  January 1, 2007 — June
  29, 2007

  	
   

  	
  5.50 to 1.00

  	
   

  
	
  June 30, 2007 —
  September 29, 2007

  	
   

  	
  7.75 to 1.00

  	
   

  
	
  September 30, 2007 —
  December 30, 2007

  	
   

  	
  8.50 to 1.00

  	
   

  
	
  December 31, 2007 —
  March 30, 2008

  	
   

  	
  7.25 to 1.00

  	
   

  
	
  March 31, 2008 — June
  29, 2008

  	
   

  	
  7.00 to 1.00

  	
   

  
	
  June 30, 2008 —
  September 29, 2008

  	
   

  	
  6.50 to 1.00

  	
   

  
	
  September 30, 2008 —
  December 30, 2008

  	
   

  	
  6.25 to 1.00

  	
   

  
	
  December 31, 2008 —
  March 30, 2009

  	
   

  	
  5.50 to 1.00

  	
   

  
	
  March 31, 2009 and thereafter

  	
   

  	
  2.50 to 1.00

  	
   

  

 

7.             Amendments to Subsection 8.4
(Limitation on Guarantee Obligations). Subsection 8.4 of the Credit
Agreement is hereby amended by (a) deleting the word “and” at the end of clause
(p) thereof, (b) deleting the “.” at the end of clause (q) thereof and
substituting “; and” in lieu thereof and (c) inserting the following new clause
(r) at the end thereof:

(r)            guarantees
made by any Foreign Subsidiary of third party obligations under leases, provided
that (i) the aggregate amount of such guarantees shall not exceed $300,000 at
any one time outstanding and (ii) such guarantees shall terminate, and be of no
further force or effect, on or before November 30, 2009.

8.             Amendments to Subsection 8.7
(Limitation on Loans and Dividends to Holdings). Subsection 8.7 of the
Credit Agreement is hereby amended by (a) inserting the following proviso at
the end of clause (e) thereof:

provided that, notwithstanding the
foregoing, the aggregate amount of all such loans, advances or dividends at any
time outstanding shall not be more than $500,000 more than the amount
outstanding on June 25, 2007;

and (b) inserting the
following proviso at the end of clause (g) thereof:

provided  further that,
notwithstanding the foregoing, no such loans, advances or dividends may be made
on or after June 25, 2007;

 3
 

9.             Amendment to Subsection 11.6
(Successors and Assigns; Participations and Assignments). Subsection 11.6
is hereby amended by inserting the following paragraph (h) at the end thereof:

(h)           Each
assignment or participation of a Loan or Commitment made or purported to be
made to any Assignee or Participant shall be accompanied by an assignment or
participation, as applicable, in the Additional Interest with respect thereto.

10.           Conditions to Effectiveness of
this Ninth Amendment. This Ninth Amendment shall become effective upon the
date (the “Ninth Amendment Effective Date”) when the following
conditions are satisfied:

(a)           The Administrative Agent shall have
received (i) counterparts of this Ninth Amendment, duly executed and delivered
by the Borrowers and Administrative Agent, (ii) executed Lender Addenda, or
facsimile transmissions thereof, substantially in the form of Exhibit A hereto,
from the Required Lenders under the Credit Agreement, (iii) an executed
Acknowledgment and Confirmation, substantially in the form of Exhibit B hereto,
from an authorized officer of each of Holding and each Guarantor, and (iv) all
fees required to be paid on or before the Ninth Amendment Effective Date, and
all expenses required to be paid on or before the Ninth Amendment Effective
Date for which invoices have been presented; and

(b)           the Borrower shall have paid to the
Administrative Agent, on behalf of each Lender which shall have executed and
delivered a Lender Addendum to counsel to the Administrative Agent by 5:00 P.M.
(New York City time) on June 25, 2007, an amendment fee in an amount equal to
0.75% of the sum of each such Lender’s Revolving Credit Commitment and Term
Loans then outstanding.

11.           Representations and Warranties.

(a)           No Default. No Default or
Event of Default shall have occurred and be continuing on the Ninth Amendment
Effective Date after giving effect to the transactions contemplated herein.

(b)           Representations and Warranties.
Each of the representations and warranties made by Holding and the Loan Parties
in or pursuant to the Loan Documents shall be true and correct in all material
respects on and as of the Ninth Amendment Effective Date (after giving effect
hereto) as if made on and as of such date, except to the extent such
representations and warranties expressly relate to a particular date, in which case
such representations and warranties were true and correct in all material
respects as of such date.

12.           Payment of Expenses. The
Parent Borrower agrees to pay or reimburse the Administrative Agent for all of
its reasonable out-of-pocket costs and expenses incurred in connection with
this Ninth Amendment, any other documents prepared in connection herewith and
the transactions contemplated hereby, including, without limitation, the
reasonable fees and disbursements of counsel to the Administrative Agent.

13.           Continuing Effect of the Loan
Documents. This Ninth Amendment shall not constitute an amendment or waiver
of any provision of the Credit Agreement or any other Loan 

 4
 

Document not expressly
referred to herein and shall not be construed as an amendment, waiver or
consent to any further or future action on the part of Holding or the Loan
Parties that would require an amendment, waiver or consent of the Lenders or
Administrative Agent. Except as expressly amended hereby, the provisions of the
Credit Agreement and the other Loan Documents are and shall remain in full
force and effect. Any reference to the “Credit Agreement” in the Loan Documents
or any related documents shall be deemed to be a reference to the Credit
Agreement as amended by this Ninth Amendment.

14.           Counterparts. This Ninth
Amendment may be executed by one or more of the parties hereto on any number of
separate counterparts (including by facsimile), and all of said counterparts
taken together shall be deemed to constitute one and the same instrument.

15.           Severability. Any provision of
this Ninth Amendment which is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such
prohibition or unenforceability without invalidating the remaining provisions
hereof, and any such prohibition or unenforceability in any jurisdiction shall
not invalidate or render unenforceable such provision in any other
jurisdiction.

16.           Integration. This Ninth
Amendment and the other Loan Documents represent the agreement of Holding, the
Loan Parties, the Administrative Agent and the Lenders with respect to the
subject matter hereof, and there are no promises, undertakings, representations
or warranties by the Administrative Agent or any Lender relative to the subject
matter hereof not expressly set forth or referred to herein or in the other
Loan Documents.

17.           GOVERNING LAW. THIS NINTH
AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS NINTH
AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK.

[THE REMAINDER OF
THIS PAGE IS INTENTIONALLY LEFT BLANK]

 5

IN WITNESS
WHEREOF, the parties hereto have caused this Ninth Amendment to be duly
executed and delivered by their proper and duly authorized officers as of the
day and year first above written.

	
  

  	
  SIRVA WORLDWIDE, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Douglas V. Gathany

  
	
   

  	
   

  	
  Name:

  	
  Douglas V. Gathany

  
	
   

  	
   

  	
  Title:

  	
  Vice President and Treasurer

  
	
   

  	
   

  
	
   

  	
  ALLIED ARTHUR PIERRE N.V.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eryk J. Spytek

  
	
   

  	
   

  	
  Name:

  	
  Eryk J. Spytek

  
	
   

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  
	
   

  	
  ALNAV PLATINUM COMPANY (as successor to ALNAV
  Platinum Group Inc.)

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eryk J. Spytek

  
	
   

  	
   

  	
  Name:

  	
  Eryk J. Spytek

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  
	
   

  	
   

  
	
   

  	
  PICKFORDS AUSTRALIA PTY. LTD.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eryk J. Spytek

  
	
   

  	
   

  	
  Name:

  	
  Eryk J. Spytek

  
	
   

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  
	
   

  	
  SIRVA UK LIMITED (formerly known as Pickfords
  Limited)

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eryk J. Spytek

  
	
   

  	
   

  	
  Name:

  	
  Eryk J. Spytek

  
	
   

  	
   

  	
  Title:

  	
  Director

  

 

 

	
  

  	
  JPMORGAN CHASE BANK, N.A. (formerly known as
  JPMorgan Chase Bank), as Administrative Agent

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kathryn A. Duncan

  
	
   

  	
   

  	
  Name:

  	
  Kathryn A. Duncan

  
	
   

  	
   

  	
  Title:

  	
  Managing Director

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