Document:

exv10w41

 

Exhibit 10.41

[ON THE LETTERHEAD OF ABN AMRO BANK N.V.]

	 	 	 
	To:

	 	UTI Worldwide Inc. (IBC number 141257) (the Company) for itself and as agent for each of the
other Obligors party to the Agreement (as defined below)

	 	 	 
	For the attention of:

	 	Lawrence R Samuels
	With a copy to:

	 	Stephen D. Cooke
	 

	 	Paul Hastings Janofsky & Walker LLP
	 

	 	695 Town Center Drive, Seventeenth Floor,
	 

	 	Costa Mesa,
	 

	 	CA 92626 USA

11 October 2006

Dear Sirs,

US$250,000,000 credit agreement (the Agreement) dated 13 July 2006 between (among others) the
Company and ABN AMRO Bank N.V. as coordinating facility agent, global facility agent and global
issuing bank

	1.	 	Background
	 
	(a)	 	This letter is supplemental to and amends the Agreement.
	 
	(b)	 	The main reason for entering into this letter is to extend the period by which certain
Security Interests need to be released under the Agreement.
	 
	(c)	 	Pursuant to clause 33 (Amendments and waivers) of the Agreement, the Majority Lenders have
consented to the amendments to the Agreement contemplated by this letter and the Global
Majority Lenders have consented to the Resignation Request referred to in paragraph 6 of this
letter. Accordingly, we are authorised to execute this letter on behalf of the Finance
Parties.
	 
	2.	 	Interpretation
	 
	(a)	 	Capitalised terms defined in the Agreement have the same meaning when used in this letter
unless expressly defined in this letter.
	 
	(b)	 	The provisions of clause 1.2 (Construction) of the Agreement apply to this letter as though
they were set out in full in this letter except that references to the Agreement are to be
construed as references to this letter.
	 
	(c)	 	Effective Date means the date on which the Coordinating Facility Agent gives the notification
to the Company and the Lenders under paragraph 3(b) (Amendments) below or such other date as
the Company and the Coordinating Facility Agent agree

 

 

	3.	 	Amendments
	 
	(a)	 	Subject to subparagraph (b) below, the Agreement will be amended from the Effective Date in
accordance with subparagraph (c) below.
	 
	(b)	 	The Agreement will be amended by this letter from such time as the Facility Agent receives
from the Company a copy of this letter countersigned by the Company.
	 
	(c)	 	The Agreement will be amended as follows:

	 	(i)	 	Clause 23.1(b)(v) shall be amended by adding “in respect of each of its fiscal
years,” after “Pyramid Freight, South Africa Branch,” and before “within 90 days;”;
	 
	 	(ii)	 	Clause 23.1(b)(vi) shall be amended by adding “in respect of each of its fiscal
quarters” after “Pyramid Freight, South Africa Branch,” and before “within 45 days;”;
	 
	 	(iii)	 	each of Clause 24.8(c)(i)(B) and Clause 24.8(c)(ii)(B) shall be amended by
deleting the word “audited” and replacing it with “unaudited”; and
	 
	 	(iv)	 	Clause 25.5(c)(xiv)(B) and 25.5(c)(xiv)(C) shall be amended by deleting the
words “three months” and replacing them with “four months”.

	4.	 	Representations
	 
	 	 	Each Obligor confirms to each Finance Party that on the date of this letter and on the
Effective Date the Repeating Representations:

	 	(a)	 	are true; and
	 
	 	(b)	 	would also be true if references to the Agreement were construed as references
to the Agreement as amended by this letter.
	 
	 	Each Repeating Representation is applied to the circumstances existing at the time the
Repeating Representation is made.

	5.	 	Proposed Merger
	 
	(a)	 	We refer to the memorandum dated 28 September from the Company setting out details of the
proposed merger between UTi (US) Holdings Inc and UTi (US) Logistics Holdings Inc as part of a
solvent reorganisation of the Group (the Merger).
	 
	(b)	 	UTi (US) Holdings Inc will be the surviving entity of the merger and that the Company plans
to deliver a Resignation Request in relation to UTi (US) Logistics Holdings Inc in accordance
with Clause 34.8 (Resignation of an Obligor (other than the Company)) of the Agreement.
	 
	(c)	 	The Global Majority Lenders consent to the Resignation Request referred to in paragraph (b)
above provided that it takes effect at or about the same time as the Merger takes place.

2

 

	6.	 	Miscellaneous
	 
	(a)	 	This letter is a Finance Document.
	 
	(b)	 	From the Effective Date, the Agreement and this letter will be read and construed as one
document.
	 
	(c)	 	Except as otherwise provided in this letter, the Finance Documents remain in full force and
effect.
	 
	(d)	 	Except to the extent expressly waived in this letter, no waiver of any provision of any
Finance Document is given by the terms of this letter and the Finance Parties expressly
reserve all their rights and remedies in respect of any breach of, or other Default under, the
Finance Documents.
	 
	7.	 	Governing law
	 
	 	 	This letter is governed by English law.
	 
	8.	 	Counterparts
	 
	 	 	This letter may be executed in any number of counterparts. This has the same effect as if
the signatures on the counterparts were on a single copy of the this letter.

	 	 	 
	/s/ Yolanda Meza

	 	/s/ Daniela Calazans
	Yolanda Meza

	 	Daniela Calazans
	Vice President

	 	Vice President

For

ABN AMRO BANK N.V.

as coordinating Facility Agent for and on behalf of the other Finance Parties

3

 

We agree with the terms of this letter.

/s/ Gerhard Bosua

For

UTI WORLDWIDE INC.

for itself and as agent for the other Obligors

Date: 11 October 2006

4exv10w42

 

Exhibit 10.42

Execution Copy

Second Amendment Agreement

to

Re:   Note Purchase Agreement Dated as of July 13, 2006

of UTi Worldwide Inc.

Dated as of

December 12, 2007

To the holders listed in Schedule A to

this Second Amendment Agreement (the “Holders”)

Ladies and Gentlemen:

     Reference is made to the Note Purchase Agreement dated as of July 13, 2006 among UTi Worldwide
Inc., an international business company incorporated under the laws of the British Virgin Islands
with IBC No. 141257 (the “Company”), each of the Subsidiary Guarantors party thereto, and the
Purchasers named in Schedule A thereto, as amended pursuant to that First Amendment Agreement dated
as of October 11, 2006 (as so amended, the “Existing Note Purchase Agreement”), pursuant to which
U.S.$200,000,000 aggregate principal amount of its 6.31% Senior Unsecured Guaranteed Notes due July
13, 2011 (the “Notes”) were issued and are currently outstanding. The Existing Note Purchase
Agreement, as amended hereby, is referred to as the “Note Purchase Agreement.”

     For good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company requests the amendment of a certain provision of the Existing Note
Purchase Agreement as hereinafter provided.

     Upon your acceptance hereof in the manner hereinafter provided and upon satisfaction of all
conditions to the effectiveness hereof, this Second Amendment Agreement shall constitute a contract
between us amending the Existing Note Purchase Agreement as of October 30, 2007, but only in the
respects hereinafter set forth and only after the conditions set forth in Section 2 have been
satisfied:

 

 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

SECTION 1. Amendment to Existing Note Purchase Agreement.

     Section 10.13 of the Existing Note Purchase Agreement shall be and is hereby amended in its
entirety to read as follows:

“Section 10.13. Capital Leases. Capital Leases of the Company and
its Subsidiaries will not, at any time, exceed in the aggregate
U.S.$90,000,000 (or its equivalent in any other currency).”

SECTION 2. Conditions Precedent.

     This Second Amendment Agreement shall not become effective until, and shall become effective
on, the business day when each of the following conditions shall have been satisfied:

     (a) The Holders shall have received this Second Amendment Agreement, duly executed by
each Obligor.

     (b) The Required Holders shall have consented to this Second Amendment Agreement as
evidenced by its execution hereof.

     (c) The representations and warranties of the Obligors set forth in Section 3 hereof
shall be true and correct in all material respects as of the date of the execution and
delivery of this Second Amendment Agreement.

     (d) Any consents or approvals from any holder or holders of any outstanding security of
ay Obligor or any Subsidiary and any amendments of agreements pursuant to which any
securities may have been issued which shall be necessary to permit the consummation of the
transactions contemplated hereby shall have been obtained and all such consents or
amendments shall be reasonably satisfactory in form and substance to the Holders and their
special counsel.

     (e) The Obligors shall have paid the fees and disbursements of the Holders’ special
counsel, Chapman and Cutler LLP, incurred in connection with the negotiation, preparation,
execution and delivery of this Second Amendment Agreement and the transactions contemplated
hereby which fees and disbursements are reflected in the statement of such special counsel
delivered to the Company at the time of the execution and delivery of this Second Amendment
Agreement.

     (f) All corporate and other proceedings in connection with the transactions
contemplated by this Second Amendment Agreement and all documents and instruments incident
to such transactions shall be satisfactory to you and your special counsel, and you and your
special counsel shall have received all such counterpart originals or certified or other
copies of such documents as you or they may reasonably request.

     (g) Each Holder shall have received a fully executed copy of the letter dated December
7, 2007 from ABN Amro Bank N.V. to the Company which amends the Credit Agreement, in a form
which is satisfactory in form and substance to the Required Holders (the “Amendment to
Credit Agreement”).

-2-

 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

SECTION 3. Representations and Warranties.

     Each Obligor, jointly and severally, hereby represents and warrants that as of the date hereof
and as of the date of execution and delivery of this Second Amendment Agreement:

     (a) Each Obligor is duly organized and validly existing under the laws of its
jurisdiction of organization.

     (b) This Second Amendment Agreement and the transactions contemplated hereby are within
the corporate powers of each Obligor, have been duly authorized by all necessary corporate
action on the part of each Obligor and this Second Amendment Agreement has been duly
executed and delivered by each Obligor and constitutes legal, valid and binding obligations
of each Obligor enforceable in accordance with its terms.

     (c) Each Obligor represents and warrants that there are no Defaults or Events of
Default under the Existing Note Purchase Agreement immediately before giving effect to this
Second Amendment Agreement nor under the Note Purchase Agreement, immediately after giving
effect to this Second Amendment Agreement.

     (d) The execution, delivery and performance of this Second Amendment Agreement by each
Obligor does not and will not result in a violation of or default under (A) the articles of
association or bylaws of any Obligor, (B) any material agreement to which any Obligor is a
party or by which it is bound or to which any Obligor or any of their properties is subject,
(C) any material order, writ, injunction or decree binding on any Obligor, or (D) any
statute, regulation, rule or other law applicable to any Obligor in any material respect.

     (e) No authorization, consent, approval, exemption or action by or notice to or filing
with any court or administrative or governmental body (other than periodic filings with
regulatory authorities, none of which are required to be filed as of the effective date of
this Second Amendment Agreement and all of which the Company agrees to timely file) is
required in connection with the execution and delivery of this Second Amendment Agreement or
the consummation of the transactions contemplated thereby.

     (f) No Obligor has paid or agreed to pay any fees or other consideration, or given any
additional security or collateral, or shortened the maturity or average life of any
indebtedness or permanently reduced any borrowing capacity, in each case, in connection with
the obtaining of any consents or approvals in connection with the transactions contemplated
hereby including, without limitation thereof in connection with the Credit Agreement, other
than the payment of legal fees of counsel to the lenders and agents under the Amendment to
Credit Agreement.

     (g) Each Subsidiary of the Company which is a borrower or guarantor under the Credit
Agreement as of the date hereof is a Subsidiary Guarantor hereunder.

SECTION 4. Miscellaneous.

     Section 4.1      Except as amended herein, all terms and provisions of the Existing Note Purchase
Agreement, the Notes, the Subsidiary Guarantee Agreement and related agreements and instruments are
hereby ratified, confirmed and approved in all respects.

-3-

 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

     Section 4.2      Any and all notices, requests, certificates and other instruments, including the
Notes, may refer to the “Note Purchase Agreement” without making specific reference to the Second
Amendment Agreement, but nevertheless all such references shall be deemed to include the Second
Amendment Agreement unless the context shall otherwise require.

     Section 4.3      This Second Amendment Agreement and all covenants herein contained shall be
binding upon and inure to the benefit of the respective successors and assigns of the parties
hereunder.

     Section 4.4      This Second Amendment Agreement shall be governed by and construed in accordance
with New York law excluding choice-of-law principles of the law of such State that would require
the application of the laws of a jurisdiction other than such State.

     Section 4.5      The capitalized terms used in this Second Amendment Agreement shall have the
respective meanings specified in the Note Purchase Agreement unless otherwise herein defined, or
the context hereof shall otherwise require.

-4-

 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

     The execution hereof by the Holders shall constitute a contract among the Obligors and the
Holders for the uses and purposes hereinabove set forth. This Second Amendment Agreement may be
executed in any number of counterparts, each executed counterpart constituting an original but all
together only one agreement.

	 	 	 	 	 
	 	UTi WORLDWIDE INC.

 	 
	 	By:  	/s/ Lance D’Amico
 	 
	 	 	Name:  	Lance d’Amico 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi (U.S.) LOGISTICS HOLDINGS INC.

 	 
	 	By:  	/s/ Matthew J Tachouet
 	 
	 	 	Name:  	Matthew J Tachouet 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi (AUST) PTY LIMITED

 	 
	 	By:  	/s/ David Hughson
 	 
	 	 	Name:  	David Hughson 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi AFRICA SERVICES LIMITED

 	 
	 	By:  	/s/ Lawrence Samuels
 	 
	 	 	Name:  	Lawrence Samuels 	 
	 	 	Its:  Authorized Signatory 	 

-5-

 

	 	 	 	 	 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

	 	 	 	 	 
	 	UNIGISTIX INC

 	 
	 	By:  	/s/ William T Gates
 	 
	 	 	Name:  	William T Gates 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi, CANADA, INC.

 	 
	 	By:  	/s/ Christopher Dale
 	 
	 	 	Name:  	Christopher Dale 	 
	 	 	Its:  Authorized Signatory 	 

-6-

 

	 	 	 	 	 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

	 	 	 	 	 
	 	UTi FRANCE S.A.R.L.

 	 
	 	By:  	/s/ Teun Baars
 	 
	 	 	Name:  	Teun Baars 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi DEUTSCHLAND GmbH

 	 
	 	By:  	/s/ John S Hextall
 	 
	 	 	Name:  	John S Hextall 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi (HK) LTD.

 	 
	 	By:  	/s/ Brian Dangerfield
 	 
	 	 	Name:  	Brian Dangerfield 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi NEDERLAND B.V.

 	 
	 	By:  	/s/ Teun Baars
 	 
	 	 	Name:  	Teun Baars 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	SERVICIOS LOGISTICOS INTEGRADOS SLI, S.A.

 	 
	 	By:  	/s/ Carols Escario Pascual
 	 
	 	 	Name:  	Carlos Escario Pascual 	 
	 	 	Its:  Authorized Signatory 	 

-7-

 

	 	 	 	 	 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

	 	 	 	 	 
	 	UNIÓN DE SERVICIOS LOGÍSTICOS INTEGRADOS, S.A.

 	 
	 	By:  	/s/ Carols Escario Pascual
 	 
	 	 	Name:  	Carlos Escario Pascual 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi (TAIWAN) LIMITED

 	 
	 	By:  	/s/ Brian Dangerfield
 	 
	 	 	Name:  	Brian Dangerfield 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi WORLDWIDE (UK) LIMITED

 	 
	 	By:  	/s/ Lawrence Samuels
 	 
	 	 	Name:  	Lawrence Samuels 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi, (U.S.) HOLDINGS, INC.

 	 
	 	By:  	/s/ John S Hextall
 	 
	 	 	Name:  	John S Hextall 	 
	 	 	Its:  Authorized Signatory 	 

-8-

 

	 	 	 	 	 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

	 	 	 	 	 
	 	UTi, UNITED STATES, INC.

 	 
	 	By:  	/s/ John S Hextall
 	 
	 	 	Name:  	John S Hextall 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi, SERVICES, INC.

 	 
	 	By:  	/s/ Christopher Dale
 	 
	 	 	Name:  	Christopher Dale 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi BROKERAGE, INC.

 	 
	 	By:  	/s/ Christopher Dale
 	 
	 	 	Name:  	Christopher Dale 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi LOGISTICS, INC.

 	 
	 	By:  	/s/ Christopher Dale
 	 
	 	 	Name:  	Christopher Dale 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	VANGUARD CARGO SYSTEMS, INC.

 	 
	 	By:  	/s/ Christopher Dale
 	 
	 	 	Name:  	Christopher Dale 	 
	 	 	Its:  Authorized Signatory 	 

-9-

 

	 	 	 	 	 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

	 	 	 	 	 
	 	UTi, INTEGRATED LOGISTICS, INC.

 	 
	 	By:  	/s/ William T Gates
 	 
	 	 	Name:  	William T Gates 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	MARKET INDUSTRIES, LTD.

 	 
	 	By:  	/s/ Matthew J Tachouet
 	 
	 	 	Name:  	Matthew J Tachouet 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	MARKET TRANSPORT, LTD.

 	 
	 	By:  	/s/ Matthew J Tachouet
 	 
	 	 	Name:  	Matthew J Tachouet 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	TRIPLE EXPRESS, INC.

 	 
	 	By:  	/s/ Matthew J Tachouet
 	 
	 	 	Name:  	Matthew J Tachouet 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	IN TRANSIT, INC.

 	 
	 	By:  	/s/ Matthew J Tachouet
 	 
	 	 	Name:  	Matthew J Tachouet 	 
	 	 	Its:  Authorized Signatory 	 

-10-

 

	 	 	 	 	 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

	 	 	 	 	 
	 	MARKET LOGISTICS SERVICES, LTD.

 	 
	 	By:  	/s/ Matthew J Tachouet
 	 
	 	 	Name:  	Matthew J Tachouet 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	MARKET LOGISTICS BROKERAGE, LTD.

 	 
	 	By:  	/s/ Matthew J Tachouet
 	 
	 	 	Name:  	Matthew J Tachouet 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	SAMMONS TRANSPORTATION, INC.

 	 
	 	By:  	/s/ Matthew J Tachouet
 	 
	 	 	Name:  	Matthew J Tachouet 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	LAKE STATES TRUCKING, INC.

 	 
	 	By:  	/s/ Matthew J Tachouet
 	 
	 	 	Name:  	Matthew J Tachouet 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UNITED EXPRESS, LTD.

 	 
	 	By:  	/s/ Matthew J Tachouet
 	 
	 	 	Name:  	Matthew J Tachouet 	 
	 	 	Its:  Authorized Signatory 	 

-11-

 

	 	 	 	 	 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

	 	 	 	 	 
	 	AFRICAN INVESTMENTS B.V.

 	 
	 	By:  	/s/ Lawrence Samuels
 	 
	 	 	Name:  	Lawrence Samuels 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi ASIA PACIFIC LIMITED

 	 
	 	By:  	/s/ Brian Dangerfield
 	 
	 	 	Name:  	Brian Dangerfield 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	GODDARD COMPANY LIMITED

 	 
	 	By:  	/s/ Lawrence Samuels
 	 
	 	 	Name:  	Lawrence Samuels 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi INTERNATIONAL, INC.

 	 
	 	By:  	/s/ Lawrence Samuels
 	 
	 	 	Name:  	Lawrence Samuels 	 
	 	 	Its:  Authorized Signatory 	 

-12-

 

	 	 	 	 	 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

	 	 	 	 	 
	 	UTi (N.A.) HOLDINGS N.V.

 	 
	 	By:  	/s/ Lawrence Samuels
 	 
	 	 	Name:  	Lawrence Samuels 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi (NETHERLANDS) HOLDINGS B.V.

 	 
	 	By:  	/s/ Teun Baars
 	 
	 	 	Name:  	Teun Baars 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	PYRAMID FREIGHT (PROPRIETARY) LIMITED

 	 
	 	By:  	/s/ Matthys J Wessels
 	 
	 	 	Name:  	Matthys J Wessels 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi SPAIN S.A.

 	 
	 	By:  	/s/ Teun Baars
 	 
	 	 	Name:  	Teun Baars 	 
	 	 	Its:  Authorized Signatory 	 
	 
	 	UTi EILAT OVERSEAS LTD.

 	 
	 	By:  	/s/ Teun Baars
 	 
	 	 	Name:  	Teun Baars 	 
	 	 	Its:  Authorized Signatory 	 

-13-

 

	 	 	 	 	 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

     This foregoing First Amendment Agreement is hereby accepted and agreed to as of the date
aforesaid.

	 	 	 	 	 
	 	PRINCIPAL LIFE INSURANCE COMPANY,

ON BEHALF OF ONE OR MORE SEPARATE ACCOUNTS

 
	 
	 	By:  	Principal Global Investors, LLC,
 	 
	 	 	a Delaware limited liability company, 	 
	 	 	its authorized signatory 	 
	 
	 	 	 
	 	By:  	/s/ Alan P. Kress
 	 
	 	 	Name:  	Alan P. Kress 	 
	 	 	Title:  	Counsel 	 
	 
	 	 	 
	 	By:  	/s/ James C. Fifield
 	 
	 	 	Name:  	James C. Fifield 	 
	 	 	Title:  	Assistant General Counsel 	 
	 
	 	PRINCIPAL LIFE INSURANCE COMPANY

 	 
	 	By:  	Principal Global Investors, LLC,
 	 
	 	 	a Delaware limited liability company, 	 
	 	 	its authorized signatory 	 
	 
	 	 	 
	 	By:  	/s/ Alan P. Kress
 	 
	 	 	Name:  	Alan P. Kress 	 
	 	 	Title:  	Counsel 	 
	 
	 	 	 
	 	By:  	/s/ James C. Fifield
 	 
	 	 	Name:  	James C. Fifield 	 
	 	 	Title:  	Assistant General Counsel 	 

-14-

 

	 	 	 	 	 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

	 	 	 	 	 
	 	RGA REINSURANCE COMPANY, a Missouri corporation

 
	 
	 	By:  	Principal Global Investors, LLC,
 	 
	 	 	a Delaware limited liability company, 	 
	 	 	its authorized signatory 	 
	 
	 	 	 
	 	By:  	/s/ Alan P. Kress
 	 
	 	 	Name:  	Alan P. Kress 	 
	 	 	Title:  	Counsel 	 
	 
	 	 	 
	 	By:  	/s/ James C. Fifield
 	 
	 	 	Name:  	James C. Fifield 	 
	 	 	Title:  	Assistant General Counsel 	 

-15-

 

	 	 	 	 	 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

	 	 	 	 	 
	 	THE
BANK OF NEW YORK, as trustee for the Scottish
 Re (U.S.), Inc. and Security Life of Denver Insurance Company Security Trust by agreement dated

 
	 
	December 31, 2004 	By:  	Principal Global Investors, LLC,
 	 
	 	 	a Delaware limited liability company, 	 
	 	 	its authorized signatory 	 
	 
	 	 	 
	 	By:  	/s/ Alan P. Kress
 	 
	 	 	Name:  	Alan P. Kress 	 
	 	 	Title:  	Counsel 	 
	 
	 	 	 
	 	By:  	/s/ James C. Fifield
 	 
	 	 	Name:  	James C. Fifield 	 
	 	 	Title:  	Assistant General Counsel 	 
	 
	 	VANTISLIFE INSURANCE COMPANY, a Connecticut company

 
	 
	 	By:  	Principal Global Investors, LLC,
 	 
	 	 	a Delaware limited liability company, 	 
	 	 	its authorized signatory 	 
	 
	 	 	 
	 	By:  	/s/ Alan P. Kress
 	 
	 	 	Name:  	Alan P. Kress 	 
	 	 	Title:  	Counsel 	 
	 
	 	 	 
	 	By:  	/s/ James C. Fifield
 	 
	 	 	Name:  	James C. Fifield 	 
	 	 	Title:  	Assistant General Counsel 	 

-16-

 

	 	 	 	 	 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

	 	 	 	 	 
	 	METROPOLITAN LIFE INSURANCE COMPANY

 	 
	 	By:  	/s/ Judith A. Gulotta
 	 
	 	 	Name:  	Judith A. Gulotta 	 
	 	 	Title:  	Managing Director 	 
	 
	 	GATEWAY RECOVERY TRUST

 	 
	 	By:  	Principal Investment Management, Inc., as Asset Manager
 	 
	 	 	 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	/s/ Signature Illegible
 	 
	 	 	Name:  	 	 
	 	 	Title:  	Vice President 	 
	 
	 	PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY

 
	 
	 	By:  	Principal Investment Management, Inc., as Asset Manager
 	 
	 	 	 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	/s/ Signature Illegible
 	 
	 	 	Name:  	 	 
	 	 	Title:  	Vice President 	 
	 
	 	THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

 
	 
	 	By:  	/s/ Signature Illegible
 	 
	 	 	Name:  	 	 
	 	 	Title:  	Vice President 	 

-17-

 

	 	 	 	 	 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

	 	 	 	 	 
	 	THE NORTHWESTERN MUTUAL LIFE INSURANCE COMAPNY

 	 
	 	By:  	/s/ Howard Stern
 	 
	 	 	Name:  	Howard Stern 	 
	 	 	Its Authorized Representative 	 
	 
	 	CONNECTICUT GENERAL LIFE INSURANCE COMAPNY

 	 
	 	By:  	CIGNA Investments, Inc. (authorized agent)
 	 
	 	 	 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	/s/ Robert W. Eccles
 	 
	 	 	Name:  	Rober W. Eccles 	 
	 	 	Title:  	Senior Managing Director 	 
	 
	 	LIFE INSURANCE COMPANY OF NORTH AMERICA

 	 
	 	By:  	CIGNA Investments, Inc. (authorized agent)
 	 
	 	 	 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	/s/ Robert W. Eccles
 	 
	 	 	Name:  	Rober W. Eccles 	 
	 	 	Title:  	Senior Managing Director 	 
	 
	 	GENWORTH LIFE INSURANCE COMPANY

 	 
	 	By:  	/s/ Stephen R. DeMotto
 	 
	 	 	Name:  	Stephen R. DeMotto 	 
	 	 	Title:  	Investment Officer 	 

-18-

 

	 	 	 	 	 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

	 	 	 	 	 
	 	MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY

 	 
	 	By:  	Babson Capital Management LLC as Investment Adviser
 	 
	 	 	 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	IDS LIFE INSURANCE COMPANY

 	 
	 	By:  	/s/ Thomas W. Murphy
 	 
	 	 	Name:  	Thomas W. Murphy 	 
	 	 	Title:  	Vice President -- Investments 	 

-19-

 

	 	 	 	 	 

			
	UTi Worldwide Inc.
	 	Second Amendment Agreement

	 	 	 
	NAME OF HOLDER	 	PRINCIPAL AMOUNT
	 	 	OF OUTSTANDING NOTES
	 	 	HELD AS OF OCTOBER 11, 2006
	PRINCIPAL LIFE INSURANCE COMPANY, ON BEHALF OF 

ONE OR MORE SEPARATE ACCOUNTS

	 	U.S. $19,020,000
	PRINCIPAL LIFE INSURANCE COMPANY

	 	U.S.$12,100,000
	RGA REINSURANCE COMPANY

	 	U.S.$6,000,000
	SCOTTISH RE US — SECURITY LIFE OF DENVER

	 	U.S.$1,880,000
	VANTISLIFE INSURANCE COMPANY

	 	U.S.$1,000,000
	METROPOLITAN LIFE INSURANCE COMPANY

	 	U.S.$37,000,000
	GATEWAY RECOVERY TRUST

	 	U.S.$15,000,000
	PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY 

COMPANY

	 	U.S.$8,650,000
	THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

	 	U.S.$6,350,000
	THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY

	 	U.S.$30,000,000
	CONNECTICUT GENERAL LIFE INSURANCE COMPANY

	 	U.S.$7,600,000
	CONNECTICUT GENERAL LIFE INSURANCE COMPANY

	 	U.S.$4,400,000

SCHEDULE A

(to Second Amendment Agreement)

 

 

	 	 	 
	NAME OF HOLDER	 	PRINCIPAL AMOUNT
	 	 	OF OUTSTANDING NOTES
	 	 	HELD AS OF OCTOBER 11, 2006
	CONNECTICUT GENERAL LIFE INSURANCE COMPANY

	 	U.S.$3,700,000
	CONNECTICUT GENERAL LIFE INSURANCE COMPANY

	 	U.S.$1,900,000
	CONNECTICUT GENERAL LIFE INSURANCE COMPANY

	 	U.S.$1,400,000
	CONNECTICUT GENERAL LIFE INSURANCE COMPANY

	 	U.S.$1,000,000
	LIFE INSURANCE COMPANY OF NORTH AMERICA

	 	U.S.$10,000,000
	GENWORTH LIFE INSURANCE COMPANY

	 	U.S.$11,000,000
	MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY

	 	U.S.$10,000,000
	MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY

	 	U.S.$1,000,000
	IDS LIFE INSURANCE COMPANY

	 	U.S.$11,000,000

A-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]