Document:

EX-10.5

 Exhibit 10.5 
 Execution Version 
 FIRST AMENDMENT 

TO AMENDED AND RESTATED LETTER OF CREDIT AGREEMENT 
 THIS FIRST AMENDMENT TO AMENDED AND RESTATED LETTER OF CREDIT AGREEMENT (this “Amendment”) is dated as of June 5, 2013 and is entered into by and among UTi Worldwide Inc., a
BVI Business Company incorporated under the laws of the British Virgin Islands with company number 141257 (the “Company”), each of the Subsidiary Guarantors (as defined in the Amended and Restated Letter of Credit Agreement),
The Royal Bank of Scotland N.V., in its capacity as Issuing Bank (the “Issuing Bank”) and is made with reference to that certain Amended and Restated Letter of Credit Agreement, dated as of June 24, 2011 (as amended,
supplemented or otherwise modified through the date hereof, the “Letter of Credit Agreement”) by and among the Company, the Subsidiary Guarantors and the Issuing Bank. Capitalized terms used herein without definition shall have the
same meanings herein as set forth in the Letter of Credit Agreement after giving effect to this Amendment. 
 RECITALS

 WHEREAS, the Obligors have requested that the Issuing Bank agree to amend certain provisions of the Letter of
Credit Agreement as provided for herein; and 
 WHEREAS, subject to certain conditions, the Issuing Bank is willing to
agree to such amendment relating to the Letter of Credit Agreement. 
 NOW, THEREFORE, in consideration of the
premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows: 
  

	SECTION I.	AMENDMENT TO LETTER OF CREDIT AGREEMENT 

 (a) Effective as of April 30, 2013, The definition of “Debt Service Ratio” set forth in Exhibit B to the Letter of Credit Agreement is hereby amended and restated by substituting the
following therefor: 
 “Debt Service Ratio” means, for any Measurement Period the ratio of
(a) Consolidated EBITDA less distributions, dividends and redemptions on account of or with respect to capital stock or other equity interests of the Company or any Subsidiary (other than those (i) required to be paid under agreements
entered into with Persons in order to obtain or maintain BBBEE status and (ii) received by the Company or a Subsidiary during such Measurement Period) to (b) Consolidated Fixed Charges. Notwithstanding the foregoing, for the purposes of
the definition of “Debt Service Ratio” only, there shall be excluded from the calculation thereof to the extent otherwise included therein, (i) up to U.S. $2,100,000 paid by the Company in January, 2013 to satisfy the requirement to
pay a make-whole amount in connection with the prepayment of the 2009 Notes and (ii) solely for the fiscal quarters ended April 30, 2013 and July 31, 2013, up to U.S. $5,000,000 in interest and up to U.S. $1,500,000 in scheduled
principal payments under a Capital Lease related to that certain warehouse facility in South Africa constructed for the Company to support the Company’s pharmaceutical business in the region. 

(b) The definition of “Maturity Date” in Schedule B to the Letter of Credit Agreement is hereby amended and restated by
substituting the following therefor: 
 “Maturity Date” means the third anniversary of the
Effective Date. 

	SECTION II.	CONDITIONS TO EFFECTIVENESS 

 This Amendment shall become effective as of the date hereof only upon the satisfaction of all of the following conditions precedent (the date of satisfaction of such conditions being referred to herein as
the “First Amendment Effective Date”): 
 A. Execution. The Issuing Bank shall have received a
counterpart signature page of this Amendment duly executed by each of the Obligors. 
 B. Fees. The Issuing Bank shall
have received all fees and other amounts due and payable under the Letter of Credit Agreement on or prior to the First Amendment Effective Date, including, to the extent invoiced, reimbursement or other payment of all out-of-pocket expenses required
to be reimbursed or paid by the Company hereunder or under any other Financing Agreement. 
 C. Other Documents. The
Issuing Bank shall have received such other documents, information or agreements regarding Obligors as the Issuing Bank may reasonably request. 
  

	SECTION III.	REPRESENTATIONS AND WARRANTIES 

 In order to induce the Issuing Bank to enter into this Amendment and to amend the Letter of Credit Agreement in the manner provided herein, each Obligor which is a party hereto represents and warrants to
the Issuing Bank that the following statements are true and correct in all material respects: 
 A. Organization; Power and
Authority. Each Obligor is a corporation or other legal entity duly incorporated or organized, validly existing and, where legally applicable, in good standing under the laws of its jurisdiction of incorporation, and is duly qualified as a
foreign corporation or other legal entity, where applicable, and, where legally applicable, is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so
qualified or in good standing would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each Obligor has the corporate (or other organizational) power and authority to own or hold under lease the
properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver the Letter of Credit Agreement as amended by this Amendment (the “Amended Agreement”) to which
it is a party and to perform the provisions hereof. 
 B. Authorization, Etc. The Amendment has been duly
authorized by all necessary corporate or other entity action on the part of each Obligor, and the Amendment constitutes a legal, valid and binding obligation of each Obligor party thereto enforceable against any such Obligor in accordance with its
terms, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of
equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 
 C. No Conflict.
The execution, delivery and performance by each Obligor of the Amendment will not (a) contravene, result in any breach of, or constitute a default under, or result in the creation of any Lien in respect of any property of any Obligor or any
Subsidiary under, any Material indenture, mortgage, deed of trust, loan, purchase or credit agreement, lease, corporate charter, memorandum and articles of association, regulations or by-laws, or any other Material agreement or instrument to which
any Obligor or any Subsidiary is bound or by which any Obligor or any Subsidiary or any of their respective properties may be bound or affected, (b) conflict with or result in a breach of any of the terms, conditions or provisions of any
Material order, judgment, decree, or ruling of any court, arbitrator or Governmental Authority applicable to any Obligor or any Subsidiary or (c) violate any provision of any Material statute or other Material rule or regulation of any
Governmental Authority applicable to any Obligor or any Subsidiary. 

  
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 D. Governmental Authorizations, Etc. Except as disclosed on Schedule 5.7
of the Amended Agreement, no consent, approval or authorization of, or registration, filing or declaration with, any Governmental Authority is required in connection with the execution, delivery or performance by any Obligor of the Amendment,
including, without limitation, any thereof required in connection with the obtaining of Dollars to make payments under the Amended Agreement or any other Financing Agreement and the payment of such Dollars to Persons resident in the United States of
America, except for the filing of Form 8-K with the SEC. Except as disclosed on Schedule 5.7 of the Amended Agreement, it is not necessary to ensure the legality, validity, enforceability or admissibility into evidence in the Applicable
Jurisdiction of the Amended Agreement or any other Financing Agreement that any thereof or any other document be filed, recorded or enrolled with any Governmental Authority, or that any such agreement or document be stamped with any stamp,
registration or similar transaction tax. 
 E. Insolvency. As of the First Amendment Effective Date: 

(a) no Obligor, is unable, or is deemed to be unable for the purposes of any applicable law, or admits or has admitted its inability, to
pay its debts as and when they fall due or has suspended, or announced an intention to suspend, making payments on any of its debts; 
 (b) no Obligor, by reason of actual or anticipated financial difficulties has begun negotiations with one or more of its creditors with a view to rescheduling or restructuring any of its Indebtedness;

 (c) the value of the assets of the Obligors on a combined basis exceeds the value of their liabilities on a combined basis
(including contingent liabilities); and 
 (d) no moratorium has been declared in respect of any Indebtedness of any Obligor.

 F. Incorporation of Representations and Warranties from Letter of Credit Agreement. The representations and warranties
contained in Section 5 of the Letter of Credit Agreement are and will be true and correct in all material respects on and as of the First Amendment Effective Date to the same extent as though made on and as of that date, except to the extent
such representations and warranties specifically relate to an earlier date, in which case they were true and correct in all material respects on and as of such earlier date (other than any default or waiver of default (other than payment defaults)
under the Credit Contract dated December 19, 2011, as amended, among the Company, certain of its subsidiaries and KBC Bank, which would not, individually or in the aggregate, have a Material Adverse Effect). 

G. Absence of Default. After giving effect to this Amendment, no event has occurred and is continuing or will result from the
consummation of the transactions contemplated by this Amendment that would constitute an Event of Default or a Default. 
  

	SECTION IV.	ACKNOWLEDGMENT AND CONSENT 

Each Subsidiary Guarantor hereby acknowledges that it has reviewed the terms and provisions of the Letter of Credit Agreement and this
Amendment and consents to the amendment of the Letter of Credit Agreement effected pursuant to this Amendment. Each Subsidiary Guarantor hereby confirms that each Financing Agreement to which it is a party or otherwise bound will continue to
guarantee to the fullest extent possible in accordance with the Financing Agreements the payment and performance of all “Obligations” and “Guaranteed Obligations” under each of the Financing Agreements to which is a party (in
each case as such terms are defined in the Letter of Credit Agreement). 

  
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 Each Subsidiary Guarantor acknowledges and agrees that any of the Financing Agreements to
which it is a party or otherwise bound shall continue in full force and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment. Each
Subsidiary Guarantor represents and warrants that all representations and warranties contained in the Amended Agreement and the Financing Agreements to which it is a party or otherwise bound are true and correct in all material respects on and as of
the First Amendment Effective Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they were true and correct in all material
respects on and as of such earlier date. 
  

	SECTION V.	MISCELLANEOUS 

 A.
Reference to and Effect on the Letter of Credit Agreement and the Other Financing Agreements. 
 (i) On and
after the First Amendment Effective Date, each reference in the Letter of Credit Agreement to “this Agreement”, “hereunder”, “hereof, “herein” or words of like import referring to the Letter of Credit Agreement,
and each reference in the other Financing Agreements to the “Agreement”, “thereunder”, “thereof” or words of like import referring to the Letter of Credit Agreement shall mean and be a reference to the Letter of Credit
Agreement as amended by this Amendment. 
 (ii) Except as specifically amended by this Amendment, the Letter of
Credit Agreement and the other Financing Agreements shall remain in full force and effect and are hereby ratified and confirmed. 
 (iii) The execution, delivery and performance of this Amendment shall not constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of the Issuing Bank under, the
Letter of Credit Agreement or any of the other Financing Agreements. 
 B. Headings. Section and Subsection headings in
this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect. 

C. APPLICABLE LAW. THIS AMENDMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE
PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW YORK EXCLUDING CHOICE-OF-LAW PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD PERMIT THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH STATE. 

D. Jurisdiction. Each Obligor irrevocably submits to the non-exclusive jurisdiction of any New York State or federal court sitting
in the Borough of Manhattan, The City of New York, over any suit, action or proceeding arising out of or relating to this Amendment or any other Financing Agreement. To the fullest extent permitted by applicable law, each Obligor irrevocably waives
and agrees not to assert, by way of motion, as a defense or otherwise, any claim that it is not subject to the jurisdiction of any such court, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or
proceeding brought in any such court and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 

  
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 E. Counterparts. This Amendment may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from
multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document. 
 [Remainder of this page intentionally left blank.] 

  
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 Execution Version 
 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above.

  

									
	COMPANY:	 		 	UTi WORLDWIDE INC.
					
		 		 		 	By	 	 /s/ Lance D’Amico

		 		 		 		 	Authorized Signatory

 [Signature Page to First Amendment] 

							
	SUBSIDIARY GUARANTORS:	 		 		 	
				
		 		 		 	UTi (AUST) PTY LIMITED, CAN 006 734 747
		 		 		 	UTi LOGISTICS N.V.
		 		 		 	UTi BELGIUM N.V.
		 		 		 	GODDARD COMPANY LIMITED
		 		 		 	UTi INTERNATIONAL INC.
		 		 		 	PYRAMID FREIGHT (PROPRIETARY) LIMITED
		 		 		 	UTi CANADA CONTRACT LOGISTICS INC.
		 		 		 	UTi, CANADA, INC.
		 		 		 	UTi DEUTSCHLAND GMBH
		 		 		 	UTi (HK) LTD.
		 		 		 	UTi NEDERLAND B.V.
		 		 		 	UTi GLOBAL SERVICES B.V.
		 		 		 	UTi TECHNOLOGY SERVICES PTE LTD.
		 		 		 	UTi WORLDWIDE (SINGAPORE) PTE LTD
		 		 		 	SERVICIOS LOGISTICOS INTEGRADOS SLI, S.A.
		 		 		 	UTi IBERIA S.A.
		 		 		 	UTi WORLDWIDE (UK) LIMITED
		 		 		 	UTi, UNITED STATES, INC.
		 		 		 	UTi INTERGRATED LOGISTICS, INC.
		 		 		 	MARKET TRANSPORT, LTD
		 		 		 	INTRANSIT, INC.
		 		 		 	SAMMONS TRANSPORTATION, INC.
		 		 		 	UTi INVENTORY MANAGEMENT SOLUTIONS, INC.
		 		 		 	CONCENTREK, INC.
				
		 		 	By	 	 /s/ Lance D’Amico

		 		 		 	Authorized Signatory

  
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	THE ROYAL BANK OF SCOTLAND N.V.,
	as Issuing Bank
			
		 	By	 	 /s/ Bhavin Shah

		 		 	Authorized Signatory

  
 8EX-10.6

 Exhibit 10.6 
 REGISTRATION RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT,
effective as of June 6, 2013 (this “Agreement”), is entered into by and among UTi Worldwide Inc., a BVI Business Company incorporated under the laws of the British Virgin Islands with BVI company number 141257 (the
“Company”), and other persons and entities signatory hereto (each, a “Holder” and together, the “Holders”). 
 ARTICLE I 
 DEFINITIONS  

 
 Section 1.01 Definitions. The following terms shall have
the meanings ascribed to them below: 
 “Agreement” means this Agreement, as amended, modified or supplemented
from time to time, in accordance with the terms hereof, together with any exhibits, schedules or other attachments thereto. 

“Board” has the meaning set forth in Section 2.06. 

“Business Day” means any day other than a Saturday, Sunday or a day on which banks in New York, New York are authorized
or obligated by applicable law or executive order to close or are otherwise generally closed. 
 “Commission”
means the United States Securities and Exchange Commission or any other federal agency at the time administering either the Securities Act or the Exchange Act. 
 “Company” has the meaning set forth in the preamble to this Agreement. 
 “Covered Person” has the meaning set forth in Section 3.01. 

“Damages” has the meaning set forth in Section 3.01. 

“Demand Registration” has the meaning set forth in Section 2.01(a). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission
promulgated thereunder. 

 “Holder” and “Holders” has the meaning set forth in the
preamble to this Agreement, and shall include any Permitted Transferee that becomes a Holder pursuant to Section 4.04. 

“Holders’ Counsel” has the meaning set forth in Section 2.03. 

“Indemnified Party” has the meaning set forth in Section 3.03. 

“Indemnifying Party” has the meaning set forth in Section 3.03. 

“FINRA” means the Financial Industry Regulatory Authority, Inc. 

“Ordinary Shares” means the Company’s ordinary shares of no par value (and any other securities into which or for
which the Ordinary Shares may be converted or exchanged pursuant to a dividend, stock split, plan of recapitalization, reorganization, merger, sale of assets or otherwise). 
 “P2 Capital” means P2 Capital Partners, LLC, a Delaware limited liability company. 
 “Participating Holders” means Holders participating in the registration relating to the Registrable Securities. 
 “Permitted Transferee” has the meaning set forth in Section 4.04. 
 “Person” means any individual, corporation, partnership, firm, limited liability company, joint venture, trust, association, unincorporated organization, university, group, joint-stock
company or other entity. 
 “Piggyback Registration” has the meaning set forth in Section 2.02(a).

 “register”, “registered” and “registration” mean any registration effected
by preparing and (a) filing a Registration Statement in compliance with the Securities Act (and any post-effective amendments filed or required to be filed) and the declaration or ordering of effectiveness of such Registration Statement, or
(b) filing a prospectus and/or prospectus supplement in respect of an appropriate effective Registration Statement. 

“Registrable Securities” means, subject to the last sentence of this definition, the Ordinary Shares
(x) beneficially owned by any of the Holders prior to the date of this Agreement and (y) acquired by any Holder by way of a dividend, stock split, recapitalization, plan of reorganization, merger, sale of assets or otherwise. As to any
particular Registrable Securities, such securities shall cease to be Registrable Securities when (i) they are sold or otherwise transferred pursuant to an effective registration statement under the Securities Act, (ii) they have been sold
under Rule 144 (or any similar provision then in force) under the Securities Act, (iii) they have been sold or otherwise transferred to any Person other than to a Holder or Permitted Transferee,
(iv)

  
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such Ordinary Shares shall have ceased to be outstanding or (v) no manager, member, partner, officer, director or employee of the Holder(s) or P2 Capital is a member of the Board.

 “Registration Expenses” has the meaning set forth in Section 2.03. 

“Registration Request” has the meaning set forth in Section 2.01(a). 

“Registration Statement” means any registration statement of the Company on an appropriate registration form under the
Securities Act that covers any of the Registrable Securities, including the prospectus, amendments and supplements thereto, and all exhibits and material incorporated by reference therein. 

“Request Date” means the date of the applicable Request Notice. 

“Request Notice” has the meaning set forth in Section 2.01(a). 

“Requesting Holder” has the meaning set forth in Section 2.01(a). 

“Scheduled Black-out Period” means, for each fiscal quarter of the Company, the period commencing on (and including) the
15th calendar day before the end of the quarter and ending on (and including) the third Business Day after the date of release for publication of the Company’s results for such fiscal quarter (or, in the case of the fourth quarter, the results
for the fiscal year then ended). 
 “Securities Act” means the Securities Act of 1933, as amended, and the
rules and regulations of the Commission promulgated thereunder. 
 “Shelf Effectiveness Period” has the meaning
set forth in Section 2.01(b). 
 “Shelf Registration Statement” means a Registration Statement on Form S-3
(or any successor or similar form) or any other appropriate Registration Statement that may be available at such time, in each case for an offering to be made on a continuous or delayed basis pursuant to Rule 415 (or any successor or similar
provision) under the Securities Act covering Registrable Securities. 
 “Suspension Notice” has the meaning set
forth in Section 2.06. 
 “Underwriter” means a securities dealer who purchases any Registrable Securities
as principal in an underwritten offering and not as part of such dealer’s market-making activities. 

“Underwriters’ Maximum Number” means, for any Piggyback Registration, that number of securities to which such
registration should, in the opinion of the managing 

  
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Underwriter(s) of such registration, in the light of marketing factors (including an adverse effect on the per share offering price), be limited. 

ARTICLE II 

REGISTRATION RIGHTS  
 Section 2.01 Demand For Registration; Shelf Registration. 
 (a)
Requests for Registration. Subject to the blackout provisions contained in Section 2.06 and the limitations set forth in this Section 2.01, a Holder or group of Holders (such Holder or group of Holders, the “Requesting
Holder(s)”) shall have the right to require the Company to effect a registration under the Securities Act with respect to Registrable Securities beneficially owned by such Requesting Holder(s) (a “Registration Request”) by
delivering a written request therefor (a “Request Notice”) to the Company. Any registration requested by a Holder or Holders pursuant to this Section 2.01(a) is referred to in this Agreement as a “Demand
Registration”. For the avoidance of doubt, the Company, at its sole option, may elect to utilize an existing Registration Statement for the purpose of registering any Registrable Securities covered by a Demand Registration. 

(b) Shelf Registration. The registration of the Registrable Securities pursuant to such Demand Registration shall be in the form
of a Shelf Registration Statement only. Upon receipt of such Demand Registration, the Company shall use commercially reasonable efforts to, as soon as practicable, file with the Commission and cause to make available an effective (unless it becomes
effective automatically upon filing) Shelf Registration Statement on an appropriate form under the Securities Act relating to the offer and sale of the Registrable Securities by the Holders from time to time in accordance with the methods of
distribution set forth in the Shelf Registration Statement and Rule 415 under the Securities Act. The Company shall not be obliged under this Section 2.01 to file or cause to be effective more than two Shelf Registration Statements. The Company
agrees to use its commercially reasonable efforts to keep the Shelf Registration Statement continuously effective until all Ordinary Shares held by the Holders cease to be Registrable Securities (the “Shelf Effectiveness Period”).

 Section 2.02 Piggyback Registration. 
 (a) Notice of Piggyback Registration. If the Company proposes to register any of its equity securities under the Securities Act either for the Company’s own account or for the account of any
of its stockholders (other than for Holder(s) pursuant to Section 2.01 or pursuant to registrations on Form S-4 or any successor form, on Form S-8 or any successor form relating solely to securities issued pursuant to any benefit plan, an
offering of securities solely to then-existing stockholders of the Company, a dividend reinvestment plan, an exchange offer or a registration on any registration form which does not permit secondary sales or does not include substantially the same
information as would be required to be included in a Registration Statement) (each such registration not 

  
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withdrawn or abandoned prior to the effective date thereof being herein called a “Piggyback Registration”), the Company will give written notice to all Holders of such proposal
not later than the twentieth (20th) day prior to the anticipated filing date of such Piggyback Registration. 
 (b)
Piggyback Rights. Subject to the provisions contained in Section 2.02(c), the Company will be obligated and required to use commercially reasonable efforts to include in each Piggyback Registration such Registrable Securities as
requested in a written notice from any Holder delivered to the Company no later than ten (10) days following delivery of the notice from the Company specified in Section 2.02(a). 

(c) Priority on Piggyback Registrations. If a Piggyback Registration is an underwritten registration, and the managing
Underwriter(s) shall give written advice to the Company of an Underwriters’ Maximum Number, then securities will be included in the following order of priority: (i) equity securities proposed to be included in such Piggyback Registration
by the Company for its own account, or on the account of such holder or holders for whom or for which the registration was originally being effected pursuant to demand or other registration rights, as applicable, and (ii) if the
Underwriters’ Maximum Number exceeds the number of securities proposed to be included pursuant to clause (i), then such excess, up to the Underwriters’ Maximum Number, shall be allocated pro rata to Participating Holders and any holders of
other piggyback registration rights on the basis of the number of securities requested to be included therein by each such Person. 
 (d) Selection of Underwriter(s). If the Piggyback Registration is proposed to be underwritten, the Company will so advise the Holders in the notice referred to in Section 2.02(a). In such
event, the right of any Holder to registration pursuant to this Section 2.02 will be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting. The
Company, or the holder or holders for whom or for which such registration was originally being effected pursuant to demand or other registration rights, as applicable, shall have the sole right to select the managing Underwriter(s) in any such
underwritten Piggyback Registration. 
 Section 2.03 Registration Expenses. In connection with registrations
pursuant to Section 2.01 or 2.02 hereof, the Company shall pay the following registration costs and expenses incurred in connection with the registration thereunder (the “Registration Expenses”): (i) registration and
filing fees and expenses, including, without limitation, those related to filings with the Commission, (ii) fees and expenses of compliance with state securities or blue sky laws (including reasonable fees and disbursements of counsel in
connection with blue sky qualifications of the Registrable Securities), (iii) reasonable processing, duplicating and printing expenses, including, without limitation, expenses of printing any prospectuses or issuer free writing prospectuses
reasonably requested by any Participating Holder, (iv) the Company’s internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties, the expense of any
liability insurance and the expense of any annual audit or 

  
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quarterly review), (v) fees and expenses, if any, incurred in connection with listing the Registrable Securities for trading on a national securities exchange, including, without limitation,
fees and expenses of The Nasdaq Global Select Market, (vi) fees and expenses, if any, incurred with respect to any filing with FINRA, (vii) fees and expenses and disbursements of counsel for the Company and fees and expenses for
independent certified public accountants retained by the Company, and (viii) fees and expenses of any special experts retained by the Company in connection with such registration. Each Participating Holder shall be responsible for any
underwriting fees, discounts or commissions as well as the fees and expenses and disbursements of counsel for such Participating Holder (“Holders’ Counsel”) attributable to the sale of Registrable Securities pursuant to a
Registration Statement. 
 Section 2.04 Registration Procedures. In the case of each registration effected by the
Company pursuant to this Agreement, the Company shall keep each Participating Holder advised in writing as to the initiation of each registration and as to the completion thereof. In connection with any such registration (in each case, to the extent
applicable): 
 (a) The Company shall provide the Participating Holders and their counsel with a reasonable opportunity to
review, and comment on, the Registration Statement with respect to Registrable Securities as provided hereunder prior to the filing thereof with the Commission, and the Company shall consider and respond to all such comments in good faith. The
Company shall prepare and file with the Commission a Registration Statement with respect to such Registrable Securities and use its commercially reasonable efforts to cause such Registration Statement to become effective (unless it becomes effective
automatically upon filing), or prepare and file with the Commission a prospectus supplement with respect to such Registrable Securities pursuant to an effective Registration Statement. 

(b) The Company will prepare and file with the Commission such amendments and supplements to the Registration Statement, prospectus,
prospectus supplement or any issuer free writing prospectus used in connection with such Registration Statement as may be necessary to comply with the provisions of the Securities Act applicable to it with respect to the disposition of Registrable
Securities covered thereby for the Shelf Effectiveness Period. 
 (c) Prior to filing a Registration Statement, a prospectus or
any issuer free writing prospectus or any amendment or supplement to such Registration Statement, prospectus or issuer free writing prospectus, the Company will make available to each Participating Holder and to Holders’ Counsel copies of such
Registration Statement, prospectus or issuer free writing prospectus and each amendment or supplement as proposed to be filed, together with any exhibits thereto, and thereafter, furnish to such Participating Holders and Holders’ Counsel such
number of copies of such Registration Statement, prospectus or issuer free writing prospectus and each amendment and supplement thereto, the prospectus included in such Registration Statement (including each preliminary prospectus) and such other
documents or information as such Participating Holder or Holders’ Counsel may reasonably request in order to facilitate the 

  
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disposition of the Registrable Securities in accordance with the plan of distribution set forth in the prospectus included in the Registration Statement. 

(d) The Company will promptly notify each Participating Holder of any stop order issued or threatened by the Commission and use
commercially reasonable efforts to prevent the issuance of such stop order or, if issued, to remove it as soon as reasonably possible. 
 (e) On or prior to the date on which the Registration Statement is declared effective, the Company shall use commercially reasonable efforts to register or qualify such Registrable Securities under such
other securities or blue sky laws of such jurisdictions as any Participating Holder reasonably requests and do any and all other lawful acts and things which may be necessary or advisable to enable the Participating Holders to consummate the
disposition in such jurisdictions of such Registrable Securities, and use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective while the Registration Statement is effective;
provided, that the Company will not be required to (i) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this paragraph (e), (ii) subject itself to taxation in any such
jurisdiction or (iii) consent to general service of process in any such jurisdiction. 
 (f) The Company will notify each
Participating Holder and Holders’ Counsel promptly and confirm such notice in writing, (i) when any prospectus, prospectus supplement, post-effective amendment or issuer free writing prospectus has been filed and, with respect to a
Registration Statement or any post-effective amendment, when the same has become effective, (ii) of any request by the Commission or any other federal or state governmental authority for amendments or supplements to a Registration Statement,
prospectus or issuer free writing prospectus for additional information to be included in any Registration Statement, prospectus or issuer free writing prospectus, (iii) of the issuance by any state securities commission or other regulatory
authority of any order suspending the qualification or exemption from qualification of any of the Registrable Securities under state securities or blue sky laws or the initiation of any proceedings for that purpose, and (iv) of the happening of
any event that makes any statement made in a Registration Statement or any related prospectus or issuer free writing prospectus or any document incorporated or deemed to be incorporated by reference therein untrue or that requires the making of any
changes in such Registration Statement, prospectus, issuer free writing prospectus or documents so that they will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to
make the statements in the Registration Statement, prospectus or issuer free writing prospectus (in the case of any prospectus or issuer free writing prospectus, in light of the circumstances in which they were made) not misleading; and, as promptly
as practicable thereafter, prepare and file with the Commission a supplement or amendment to such Registration Statement, prospectus or issuer free writing prospectus so that such Registration Statement, prospectus or issuer free writing prospectus
will not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein (in the case of any prospectus or issuer free writing prospectus, in light

  
 7 

 
of the circumstances in which they were made) not misleading. Each Participating Holder hereby agrees to keep any disclosures under subsection (iv) above confidential until such time as a
supplement or amendment is filed. 
 (g) The Company shall use commercially reasonable efforts to ensure the obtaining of all
necessary approvals from FINRA. 
 (h) The Company shall furnish to each Participating Holder a copy of all documents filed with
and all material correspondence from or to the Commission in connection with any such offering of Registrable Securities. 
 (i)
For the avoidance of doubt, the Company shall not be required to participate in any underwritten offering by a Participating Holder nor shall the Company be required to undertake any marketing efforts or, except as set forth in this
Section 2.04, otherwise cooperate in connection with the offer and sale by a Participating Holder of Registrable Securities. 
 Section 2.05 Participating Holders’ Obligations. The Company may require each Participating Holder to promptly furnish in writing to the Company such information regarding the
distribution of the Registrable Securities as the Company may from time to time reasonably request and such other information as may be legally required in connection with such registration, including, without limitation, all such information as may
be requested by the Commission. Each Participating Holder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 2.04(f)(iv) hereof, such Participating Holder will forthwith
discontinue disposition of Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until such Participating Holder’s receipt of the copies of the supplemented or amended prospectus or issuer free
writing prospectus contemplated by Section 2.04(f)(iv) hereof, and, if so directed by the Company, such Participating Holder will deliver to the Company all copies, other than permanent file copies then in such Participating Holder’s
possession and retained solely in accordance with record retention policies then-applicable to such Participating Holder, of the most recent prospectus or issuer free writing prospectus covering such Registrable Securities at the time of receipt of
such notice. 
 Section 2.06 Blackout Provisions. Notwithstanding anything in this Agreement to the contrary, by
delivery of written notice to the Participating Holders (a “Suspension Notice”) stating which one or more of the following limitations shall apply to the addressee of such Suspension Notice, the Company may (1) postpone
effecting a registration under this Agreement or (2) require such addressee to refrain from disposing of Registrable Securities under the registration, in either case for a period of no more than 180 consecutive days from the delivery of such
Suspension Notice (which period may not be extended or renewed), provided that the maximum aggregate number of days in any consecutive twelve-month period that may be subject to Suspension Notices shall be 180. The Company may postpone effecting a
registration or apply the limitations on dispositions specified in clause 2 of this Section 2.06 if (x) the Board of Directors of the 

  
 8 

 
Company (the “Board”) in good faith determines that such registration or disposition would materially impede, delay or interfere with any material transaction then pending or
proposed to be undertaken by the Company or any of its subsidiaries, (y) the Board in good faith determines that the Company is in possession of material non-public information the disclosure of which during the period specified in such notice
the Board reasonably believes would not be in the best interests of the Company or (z) during any Scheduled Black-Out Period. 
 ARTICLE III 
 INDEMNIFICATION  

Section 3.01 Indemnification by the Company. With respect to each Registration which has been effected pursuant to
Section 2.01 or Section 2.02, the Company agrees, notwithstanding the termination of this Agreement, to indemnify and hold harmless, to the fullest extent permitted by law, each Participating Holder and each of its managers, members,
partners, officers, directors, employees and agents, and each Person, if any, who controls such Participating Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act and any controlled Affiliate of
such Participating Holder, together with the managers, members, partners, officers, directors, employees and agents of such controlling Person (each such Person being referred to herein as a “Covered Person”), from and against any
and all losses, claims, damages, liabilities, reasonable attorneys’ fees, costs and expenses of investigating and defending any such claim (collectively, “Damages”) and any action in respect thereof to which such Participating
Holder, and any such Covered Person may become subject under the Securities Act or otherwise, insofar as such Damages (or proceedings in respect thereof) arise out of, or are based upon, (i) any untrue statement or alleged untrue statement of a
material fact contained in any Registration Statement (including any prospectus or issuer free writing prospectus) (or any amendment or supplement thereto), or (ii) any omission or alleged omission to state therein a material fact required to
be stated therein or necessary to make the statements therein (in the case of any prospectus or issuer free writing prospectus, in light of the circumstances in which they were made) not misleading, and shall reimburse such Participating Holder and
each such Covered Person for any legal and other expenses reasonably incurred by such Participating Holder or Covered Person in investigating or defending or preparing to defend against any such Damages or proceedings; provided,
however, that the Company shall not be liable in any such case to the extent that any such loss, claim, damage, liability (or action or proceeding in respect thereof) or expense arises out of or is based upon an untrue statement or alleged
untrue statement, or omission or alleged omission, made or incorporated by reference in such Registration Statement, any such prospectus, issuer free writing prospectus or preliminary prospectus or any amendment or supplement thereto, or any
document incorporated by reference therein, in reliance upon, and in conformity with, written information prepared and furnished to the Company by any Participating Holder or Covered Person expressly for use therein. 

  
 9 

 Section 3.02 Indemnification by the Participating Holders. Each of the
Participating Holders agrees, severally and not jointly, to indemnify and hold harmless the Company, its officers, directors, employees, agents, each underwriter and each Person, if any, who controls the Company or any of its subsidiaries within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act and any controlled Affiliate of the Company or any of its subsidiaries, together with the managers, members, partners, officers, directors, employees and agents
of such Person, to the same extent as the foregoing indemnity from the Company to the Participating Holders, but only with respect to information related to the Participating Holders or a Covered Person, or their plan of distribution, furnished in
writing by the Participating Holders or any Covered Person to the Company expressly for use in any Registration Statement, prospectus or issuer free writing prospectus, or any amendment or supplement thereto, or any preliminary prospectus. No Holder
shall be required to indemnify any Person pursuant to this Section 3.02 for any amount in excess of the net proceeds of the Registrable Securities sold for the account of such Holder. 

Section 3.03 Conduct of Indemnification Proceedings. Promptly after receipt by any Person (an “Indemnified
Party”) of notice of any claim or the commencement of any action in respect of which indemnity may be sought pursuant to Section 3.01 or 3.02, the Indemnified Party shall, if a claim in respect thereof is to be made against the Person
against whom such indemnity may be sought (an “Indemnifying Party”), notify the Indemnifying Party in writing of the claim or the commencement of such action; provided that the failure to notify the Indemnifying Party shall
relieve the Indemnifying Party from liability that it may have to an Indemnified Party otherwise than under Section 3.01 or 3.02 to the extent of any prejudice resulting therefrom. If any such claim or action shall be brought against an
Indemnified Party, and it shall notify the Indemnifying Party thereof, the Indemnifying Party shall be entitled to assume the defense thereof with counsel reasonably satisfactory to the Indemnified Party. After notice from the Indemnifying Party to
the Indemnified Party of its election to assume the defense of such claim or action, the Indemnifying Party shall not be liable to the Indemnified Party for any legal or other expenses subsequently incurred by the Indemnified Party in connection
with the defense thereof other than reasonable out-of-pocket costs of investigation; provided, that the Indemnified Party shall have the right to employ separate counsel to represent the Indemnified Party who may be subject to liability
arising out of any claim in respect of which indemnity may be sought by the Indemnified Party against the Indemnifying Party, but the fees and expenses of such counsel shall be for the account of such Indemnified Party unless (i) the
Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) in the reasonable opinion of counsel to such Indemnified Party representation of both parties by the same counsel would be
inappropriate due to actual or potential conflicts of interest between them, it being understood, however, that the Indemnifying Party shall not, in connection with any one such claim or action or separate but substantially similar or related claims
or actions in the same jurisdiction arising out of the same general allegations or circumstances, be liable for the fees and expenses of more than one separate firm of attorneys (together with appropriate local counsel) at any time for all
Indemnified Parties. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, effect any settlement of 

  
 10 

 
any claim or pending or threatened proceeding in respect of which the Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party.
Whether or not the defense of any claim or action is assumed by the Indemnifying Party, such Indemnifying Party will not be subject to any liability for any settlement made without its written consent. 

Section 3.04 Contribution. If the indemnification provided for pursuant to this Article III is due in accordance with the
terms hereof, but is held by a court to be unavailable or unenforceable in respect of any Damages referred to herein, then each applicable Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or
payable by such Indemnified Party as a result of such Damages in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and of the Indemnified Party on the other in connection with the statements or
omissions which result in such Damages as well as any other relevant equitable considerations. The relative fault of the Indemnifying Party on the one hand and of the Indemnified Party on the other shall be determined by reference to, among other
things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Indemnifying Party or by the Indemnified Party, and by such party’s
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. In no event shall the liability of any Holder hereunder be in excess of the net proceeds of the Registrable Securities sold for the
account of such Holder or the amount for which such Indemnifying Party would have been obligated to pay by way of indemnification if the indemnification provided in this Article III. 

ARTICLE IV 

MISCELLANEOUS  
 Section 4.01 Lock-Up. Each Holder of Registrable Securities agrees to enter into a lock-up agreement with the managing Underwriter for any underwritten offering of the Company’s
securities (whether or not Registrable Securities are included in such offering), containing terms reasonably acceptable to such managing Underwriter, covering the period commencing 15 days prior to the effective date of the Registration Statement
or, if applicable, the prospectus supplement, pertaining to such offering and ending on the 90th day after such effective date. 

Section 4.02 Termination of Registration Rights. The rights granted under this Agreement shall terminate on the first date
that no manager, member, partner, officer, director or employee of any Holder or P2 Capital is a member of the Board. 

Section 4.03 Amendment and Modification. This Agreement may be amended, modified and supplemented, and any of the provisions
contained herein may be waived, only by a written instrument signed by the Company and each Holder, provided that the 

  
 11 

 
addition of a Permitted Transferee as a Holder hereunder shall not constitute an amendment or modification for purposes of this Section 4.03. 

Section 4.04 Assignment; Binding Effect; Entire Agreement. The rights and obligations hereunder may be assigned in whole or
in part by any Holder to a controlled affiliate of such Holder or to any member, partner or stockholder of any such Holder (a “Permitted Transferee”) without the consent of the Company or the other Holders. Such assignment
shall be effective upon receipt by the Company of (x) written notice from the Holder certifying that the transferee is a Permitted Transferee, stating the name and address of the Permitted Transferee and identifying the amount of Registrable
Securities with respect to which the rights under this Agreement are being transferred, and (y) a written agreement from the Permitted Transferee to be bound by all of the terms of this Agreement. Upon receipt of the documents referenced in
(x) and (y) above, the Permitted Transferee shall thereafter be deemed to be a “Holder.” Except as set forth above, this Agreement and the rights and obligations hereunder may not be assigned by any party hereto without the prior
written consent of each of the other parties hereto. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective permitted successors and assigns. This Agreement sets
forth the entire agreement and understanding between the parties as to the subject matter hereof and merges and supersedes all prior discussions, agreements and understandings of any and every nature among them with respect to the subject matter
hereof. 
 Section 4.05 Severability. In the event that any provision of this Agreement or the application of any
provision hereof is declared to be illegal, invalid or otherwise unenforceable by a court of competent jurisdiction, the remainder of this Agreement shall not be affected except to the extent necessary to delete such illegal, invalid or
unenforceable provision unless that provision held invalid shall substantially impair the benefits of the remaining portions of this Agreement. 
 Section 4.06 Notices. All notices, requests and other communications to any party hereunder shall be in writing (including fax or similar writing) and shall be given to: 

 

					
	 If to the

Company:
	  		  	
		  	 UTi Worldwide Inc.

c/o UTi, Services, Inc.
 100 Oceangate, Suite
1500
 Long Beach, California 90802

Facsimile: (562) 552-9423
 Attention: Lance E.
D’Amico

		  		  	
	With copies (which shall not constitute notice) to:
		
		  	 Cravath, Swaine & Moore LLP
 825 Eighth Avenue
 New York, New York 10019

  

  
 12 

					
		  	 Facsimile:
	  	(212) 474-3700
		  	 Attention:
	  	Robert I. Townsend III
		  		  	Damien R. Zoubek
		  		  	
	 If to the

Holders:
	  		  	
		
		  	 P2 Capital Partners, LLC
 590 Madison Avenue, 25th Floor
 New York, New York 10022

Facsimile: (212) 508-5557
 Attention: Josh
Paulson

		  		  	
	 With copes (which shall not constitute notice) to:

		
		  	 Debevoise & Plimpton, LLP
 909 Third Avenue
 New York, New York 10022
 Facsimile: (212) 909-6836
 Attention: Andrew L. Bab

 or such other address or fax number as such party may hereafter specify for the purpose of giving such notice to such
party. Each such notice, request or other communication shall be deemed to have been received (a) if given by fax, when such fax is transmitted to the fax number specified pursuant to this Section 4.06 and appropriate confirmation is
received, or (b) if given by any other means, when delivered in person or by overnight courier or two (2) business days after being sent by registered or certified mail (postage prepaid, return receipt requested). 

Section 4.07 Headings. The headings in this Agreement are for convenience of reference only and shall not constitute a part
of this Agreement, nor shall they affect their meaning, construction or effect. 
 Section 4.08 Counterparts. This
Agreement may be executed via facsimile or electronic transmission and in any number of counterparts, each of which shall be deemed to be an original instrument and all of which together shall constitute one and the same instrument. 

Section 4.09 Remedies. In the event of a breach or a threatened breach by any party to this Agreement of its obligations
under this Agreement, any party injured or to be injured by such breach will be entitled to specific performance, without posting a bond, of its rights under this Agreement or to injunctive relief, in addition to being entitled to exercise all
rights provided in this Agreement and granted by law, it being agreed by the parties that the remedy at law, including monetary damages, for breach of any such provision will be inadequate compensation for any loss and that any defense or objection

  
 13 

 
in any action for specific performance or injunctive relief that a remedy at law would be adequate is waived. 
 Section 4.10 Governing Law; Jurisdiction; Waiver of Jury Trial. This Agreement and any claim, controversy or dispute arising under or related to this Agreement and/or the interpretation and
enforcement of the rights and duties of the parties shall be governed by and construed in accordance with the laws of the State of Delaware without reference to the conflict of laws principles thereof, except as to matters relating to the corporate
governance of the Company, which matters shall be governed by and construed in accordance with the laws of the British Virgin Islands. Each of the Holders and the Company (a) irrevocably and unconditionally consents to the exclusive personal
jurisdiction and venue of the Chancery Court of the State of Delaware and any state appellate court therefrom within the State of Delaware (or, if the Delaware Court of Chancery declines to accept jurisdiction over a particular matter, any state or
federal court within the State of Delaware), (b) agrees that it shall not attempt to deny or defeat such personal jurisdiction and venue by motion or other request for leave from any such court, (c) agrees that it shall not bring any
action relating to this Agreement or otherwise in any court other than the Chancery Court of the State of Delaware and any state appellate court therefrom within the State of Delaware (or, if the Delaware Court of Chancery declines to accept
jurisdiction over a particular matter, any state or federal court within the State of Delaware) and (d) irrevocably waives the right to trial by jury. 
 [Signature pages follow] 

  
 14 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year
first above written. 
  

			
	UTI WORLDWIDE INC.
		
	By:	 	/s/ Lance D’Amico
	Name:	 	Lance D’Amico
	Title:	 	Senior Vice President
		 	
	
	P2 Capital Master Fund I, L.P.
		 	 By: P2 Capital Partners, LLC

as Investment Manager

		
	By:	 	/s/ Claus Moller
	Name:	 	Claus Moller
	Title:	 	Managing Member
	
	P2 Capital Master Fund V, L.P.
		 	 By: P2 Capital Partners, LLC

as Investment Manager

		
	By:	 	/s/ Claus Moller
	Name:	 	Claus Moller
	Title:	 	Managing Member
	
	P2 Capital Master Fund VI, L.P.
		 	 By: P2 Capital Partners, LLC

as Investment Manager

		
	By:	 	/s/ Claus Moller
	Name:	 	Claus Moller
	Title:	 	Managing Member
	
	P2 Capital Master Fund VIII, LLC
		 	 By: P2 Capital Partners, LLC

as Investment Manager

		
	By:	 	/s/ Claus Moller
	Name:	 	Claus Moller
	Title:	 	Managing Member

  
 15

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