Document:

QuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 10.30  

 
 

COMPUTERSHARE INVESTOR SERVICES PLC    
    

 
 

Samsonite Corporation    
    

 
 

AGREEMENT FOR THE PROVISION OF DEPOSITARY
  SERVICES and CUSTODY SERVICES IN RESPECT OF
  SAMSONITE CORPORATION DEPOSITARY INTERESTS    
    

  

 
 

Table of Contents    
    

	 
	 	 
	 	Page

	1.	 	DEFINITIONS AND INTERPRETATION	 	1
	2.	 	APPOINTMENT AND TERM	 	4
	3.	 	THE SERVICES	 	4
	4.	 	DUTIES OF THE CLIENT	 	5
	5.	 	FEES AND EXPENSES	 	5
	6.	 	VALIDITY OF DOCUMENTS	 	6
	7.	 	CREST	 	7
	8.	 	RETENTION OF DOCUMENTS	 	8
	9.	 	DATA PROTECTION	 	8
	10.	 	CONFIDENTIALITY	 	8
	11.	 	INTELLECTUAL PROPERTY RIGHTS	 	9
	12.	 	WEB-SITE SERVICE	 	10
	13.	 	LIABILITY AND INDEMNITY	 	10
	14.	 	TERMINATION	 	12
	15.	 	CONSEQUENCES OF TERMINATION	 	12
	16.	 	AGREEMENT NOT EXCLUSIVE	 	13
	17.	 	USE OF AGENTS	 	13
	18.	 	NOTICES	 	13
	19.	 	FORCE MAJEURE	 	13
	20.	 	ASSIGNMENT	 	14
	21.	 	NO PARTNERSHIP	 	14
	22.	 	NO WAIVER	 	14
	23.	 	INVALIDITY AND SEVERABILITY	 	14
	24.	 	VARIATION	 	14
	25.	 	ENTIRE AGREEMENT	 	14
	26.	 	CONTRACTS (RIGHTS OF THIRD PARTIES) ACT	 	14
	27.	 	COMPLAINTS	 	15
	28.	 	AUTHORITY	 	15
	29.	 	GOVERNING LAW	 	15
	30.	 	COUNTERPARTS	 	15
	SCHEDULE 1 THE DEPOSITARY SERVICES	 	16
	SCHEDULE 2 THE CUSTODY SERVICES	 	17
	SCHEDULE 3 THE FEES	 	18
	SCHEDULE 4 RETENTION OF DOCUMENTATION	 	19
	SCHEDULE 6 STANDARD CONTRACTUAL CLAUSES CONCERNING EXPORT OF DATA	 	20
	1.	 	OBLIGATIONS OF THE DATA EXPORTER	 	20
	2.	 	OBLIGATIONS OF THE DATA IMPORTER	 	21
	 	 	 	 	 

i

 

	3.	 	LIABILITY AND THIRD PARTY RIGHTS	 	23
	4.	 	LAW APPLICABLE TO THE CLAUSES	 	23
	5.	 	RESOLUTION OF DISPUTES WITH DATA SUBJECTS OR THE AUTHORITY	 	23
	6.	 	TERMINATION	 	24
	7.	 	VARIATION OF THESE CLAUSES	 	24
	8.	 	DESCRIPTION OF THE TRANSFER	 	25
	SCHEDULE 7: LEGAL OPINION OF COUNSEL TO CLIENT	 	30

ii

        THIS AGREEMENT is made on [    •    insert day] day of
[    •    insert month] 2007 

 BETWEEN:  

	(1)
	Computershare Investor Services PLC a company registered in England & Wales under company number 3498808 and whose registered
office is at The Pavilions, Bridgwater Road, Bristol BS13 8AE ("Computershare"); 

 AND  

	(2)
	Samsonite Corporation, a company incorporated in the State of Delaware under the Delaware General Corporation Law and whose registered
office is at c/o Prentice-Hall Corporation System, Inc., 2711 Centerville Road, Suite 400, Wilmington, DE 19808, United States (the "Client"). 

WHEREAS:  

	(A)
	The
Regulations and the CREST Manual do not provide for the direct holding and settlement of foreign securities by participants in CREST;

	(B)
	Computershare,
in its capacity as Depositary, has determined to constitute and issue from time to time the Depositary Interests, with a view to facilitating the indirect holding of,
and settlement of transactions in, Samsonite Corporation Securities by participants in CREST in accordance with the arrangements described in the CREST Manual;

	(C)
	Computershare
has executed a Deed poll dated [    •    insert date] to give effect to its rights and obligations as
Depositary;

	(D)
	Title
to the Depositary Interests shall be evidenced only by entry on the Depositary Interests Register and may be transferred only in uncertificated form by means of the CREST
system;

	(E)
	Computershare
and the Client have agreed that Computershare shall provide the Client with services as Depositary in accordance with the provisions of the Deed and on the terms set out
in this Agreement;

	(F)
	Computershare
has agreed to appoint as its nominee a subsidiary of Computershare to act as custodian for Deposited Property in accordance with the provisions of the Deed and on the
terms set out in this Agreement; 

IT IS AGREED as follows: 

1.     DEFINITIONS AND INTERPRETATION  

	1.1
	In
this Agreement, the following words and phrases shall bear the following meanings unless the context indicates otherwise: 

"Applicable Legislation" means the Financial Services and Markets Act 2000, the CREST Regulations, the CREST Manual and the CREST International Manual; 

"Annual Increase" means the percentage increase in the rate of fees payable by the Client to be applied annually to the Fees payable under
Clause 5 on each anniversary of the Commencement Date; 

"Business Day" means a day (other than a Saturday, Sunday or public holiday) on which banks in the United Kingdom are open for general
non-automated business; 

"Confidential Information" means any information of a confidential nature relating to the business of the Parties, including without limitation, the
Fees, details of Computershare's systems, software and hardware, including, for the avoidance of doubt, any interface with the Client's systems, the data and financial information to be held on the
Depositary Interests Register relating to the holders of Depositary Interests; 

 

"Commencement Date" means the date on which Samsonite Corporation's securities are admitted to listing on the Official List of the Financial Services
Authority and to trading on the London Stock Exchange's main market for listed securities; 

"CRESTCo" means CRESTCo Limited; 

"CREST International Manual" means the document titled "CREST International Manual" issued by CRESTCo; 

"CREST Manual" means the document entitled "CREST Reference Manual" issued by CRESTCo; 

"CREST Regulations": means the Uncertificated Securities Regulations 2001 (SI 2001 No. 3755) and such other regulations made under
Section 207 of the Companies Act 1989 as are applicable to CRESTCo and/or the CREST Service and are from time to time in force; 

"CREST Registrar" means a Registrar as defined in the CREST Glossary of Terms annexed to the CREST Manual; 

"CREST Requirements" means all requirements of CRESTCo for the time being applicable to Computershare as a CREST Registrar and includes, without
limiting the generality of the foregoing, all the obligations, conditions and operating procedures for the time being applicable to Computershare as a CREST Registrar under or by virtue of: 

	(i)
	Computershare's
agreement with CRESTCo;

	(ii)
	the
CREST Rules;

	(iii)
	the
CREST Manual;

	(iv)
	any
directions for the time being in force given by or for CRESTCo in accordance with the CREST Manual;

	(v)
	the
CREST International Manual;

	(vi)
	any
directions for the time being in force given by or for CRESTCo in accordance with the CREST International Manual; and/or

	(vii)
	any
applicable law or regulation, including the CREST Regulations; 

"CREST Rules" means rules within the meaning of the CREST Regulations and/or the Financial Services and Markets Act 2000 made by CRESTCo; 

"CREST Service" means the system developed and operated by CRESTCo, of which Computershare is a member, for the purpose of enabling companies and other
persons to permit the holding of units of securities issued by them in uncertificated form and the transfer by means of the system of title to units of such of those securities as are held in
uncertificated form, as well as the payment of dividends in respect of such securities, the making of rights issues and the taking of other corporate actions by participating issuers; 

"Custodian" means Computershare or a subsidiary or third party appointed by Computershare to provide the Custody Services; 

"Custody Services" means the safe custody services provided by the Custodian as set out in Schedule 2; 

"Deed" means the Deed poll executed by Computershare on [    •    insert date] relating to the
Depositary Interests; 

2

 

"Depositary" means Computershare, acting in its capacity as Depositary in relation to the Depositary Services; 

"Depositary Interest" means the Samsonite Corporation Depositary Interests issued by the Depositary in the ratio of one for one in respect of each
Samsonite Corporation Security deposited with the Depositary for conversion to a Depositary Interest; 

"Depositary Interest Register" means the register of Depositary Interests maintained by the Depositary constituting the record of Holders from time to
time of the Depositary Interests; 

"Depositary Services" means the services to be rendered by the Depositary as more fully described in Schedule 1; 

"Deposited Property" means in relation to any class of Samsonite Corporation securities, the Deposited Samsonite Corporation Securities and all and any
rights and other securities, property and cash for the time being held by or for the Custodian or the Depositary and attributable to the Deposited Samsonite Corporation Securities; 

"Deposited Samsonite Corporation Securities" means Samsonite Corporation Securities of a particular class or entitlements thereto from time to time
credited to an account of the Custodian on behalf of the Depositary in the Share Register which are to be held under the terms of the Deed and in respect of which Depositary Interests of a series
representing that class of Samsonite Corporation Securities shall be issued pursuant to the terms of the Deed; 

"Fees" means the fees from time to time payable by the Client to Computershare under this Agreement (including disbursements and out of pocket expenses)
as set out in Schedule 3 to this Agreement; 

"Intellectual Property Rights" means all vested contingent and future intellectual property rights including but not limited to copyright, trademarks,
service marks, design rights (whether registered or unregistered), patents, know-how, trade secrets, inventions, get-up, database rights and any applications for the protection
or registration or these rights and all renewals and extensions thereof existing in any part of the world whether now known or in the future created to which either party may be entitled; 

"Loss" means any damages, loss, costs, claims or expenses (including any indirect, special or consequential damages, loss costs, claims or expenses of
any kind); 

"Parties" means collectively the Client and Computershare; 

"Personal Data" means personal data as defined from time to time in the Data Protection Act 1988; 

"Services" means collectively the Depositary Services and the Custody Services to be provided by under the terms of this Agreement; 

"Share Register" means the register of holders of the Client's shares to be maintained in the United States by the Client's share registrar; 

"Term" means the period of time during which this Agreement is in effect as the same is more particularly described in Clause 2.3 of the
Agreement; 

"VAT" means any value added tax or similar tax or duty which may be payable by the Client in respect of the Fees; 

	1.2
	Unless
the context otherwise requires, all references to any statute, statutory provision, rule, regulation or any requirement shall be construed as including references to any
modification, consolidation or re-enactment of the provision in question for the time being in force. 

3

 
	1.3
	Unless
otherwise stated, a reference to a Clause, sub-clause, or Schedule (including part of a Schedule) is a reference to a clause, sub-clause, or schedule
(or any part) to this Agreement. The Schedules form part of this Agreement and shall have the same force and effect as if expressly set out in the body of this Agreement.

	1.4
	Clause
headings are for ease of reference only and do not affect the construction of this Agreement.

	1.5
	Except
where the context otherwise requires, words denoting the singular include the plural and vice versa. 

2.     APPOINTMENT AND TERM  

	2.1
	The
Client appoints Computershare to act on its behalf as Depositary and Custodian with effect from the Commencement Date.

	2.2
	The
Client appoints Computershare to act on its behalf as registrar in respect of the Depositary Interests with effect from the Commencement Date.

	2.3
	Subject
to earlier termination under Clause 14 of this Agreement, the appointment of Computershare shall continue for a fixed term of 3 years and thereafter until
terminated by either party giving to the other not less than 6 months' notice. 

3.     THE SERVICES  

	3.1
	Computershare
shall provide the Depositary Services and the Custody Services with reasonable skill and care, and in accordance with the requirements from time to time of the
Applicable Legislation. For the avoidance of doubt, Computershare shall have no obligation to perform any functions in respect of the maintenance of the Share Register.

	3.2
	Computershare
will provide and maintain as necessary all facilities, equipment, telephone lines and staff reasonably required to provide the Services. 

4.     DUTIES OF THE CLIENT  

	4.1
	The
Client shall:

	4.1.1
	provide
all information, data and documentation reasonably required by Computershare to properly carry out the Depositary Services and the Custody Services, including (to the extent
available to the Client) information, which concerns or relates to Computershare's obligations under this Agreement.

	4.1.2
	ensure
that all information, data and documentation provided by it to Computershare is accurate and complete;

	4.1.3
	promptly
provide any other information and assistance reasonably requested by Computershare in connection with this Agreement;

	4.2
	The
Client acknowledges that it shall be its responsibility and undertakes to advise Computershare in a timely manner of any securities laws or other laws, rules or regulations in the
United States that are applicable to any corporate transaction or action occurring after the Client's listing on the Official List of the Financial Services Authority and admission to trading on the
London Stock Exchange, that Client may undertake, including, without limitation, stock dividends, rights offerings and other offerings relating to the Deposited Samsonite Corporation Securities and
any events that may require Computershare not to issue, transfer or cancel Depositary Interests pursuant to this Agreement. 

4

 
	4.3
	Computershare
shall have received a legal opinion in the form attached as Schedule 7 (the "Legal Opinion") on or before the date of this Agreement.

	4.4
	The
Client shall give Computershare as much advance notice as possible of any prospective or actual changes to its business during the term of this Agreement which would have a
material effect on the content of the Legal Opinion.

	4.5
	In
respect of the Depositary Interests Register, Computershare shall (if applicable) promptly file with CRESTCo details of Computershare's address as being that at which the
Depositary Interests Register is maintained and promptly notify CRESTCo accordingly upon termination of this Agreement. 

5.     FEES AND EXPENSES  

	5.1
	The
Client shall pay Computershare the Fees in respect of the Services provided by Computershare, monthly within 30 days of the date of Computershare's invoice.

	5.2
	Computershare
may, on each anniversary of the Commencement Date, by one month's written notice to the Client and with the agreement of the Client, review and vary the Fees payable.

	5.3
	Interest
is payable on the balance of any overdue invoice at an annual rate equal to 3% plus the base rate from time to time of The Royal Bank of Scotland plc. Interest shall be
calculated daily, on the outstanding balance, from 31 days following the date of the invoice until receipt by Computershare of the Client's payment in cleared funds.

	5.4
	Notwithstanding
the right to charge interest under Clause 5.3, if the Client fails to pay the Fees within 30 days of the date of receipt of Computershare's invoice,
Computershare may suspend provision of the Services until payment in full is received, in which case Computershare may without further reference to the Client notify CRESTCo, the United Kingdom
Listing Authority and the London Stock Exchange (as applicable) of the suspension of Services.

	5.5
	Failure
to make payment in accordance with Clause 5.1 constitutes a breach of contract and notwithstanding any rights which Computershare may have under Clauses 5.3 and 5.4,
all other rights or remedies (either contractual or otherwise as may arise by common law or statute) of Computershare are reserved.

	5.6
	All
sums quoted in this Agreement are exclusive of VAT.

	5.6.1
	when
any sum constitutes consideration for a supply to the Client, the Client shall, in addition to such sum, pay to Computershare an amount equal to any VAT chargeable on the
relevant supply against receipt of an appropriate value added tax invoice (and where the relevant supplier is not Computershare, Computershare shall account for VAT to the relevant supplier);

	5.6.2
	when
any sum represents reimbursement for costs or expenses (including, without limitation, the expenses described in paragraph 6 of Schedule 3 of this Agreement), the
Client shall pay to Computershare an amount equal to all value added tax incurred by the relevant party in respect of such costs or expenses to the extent that Computershare, acting reasonably,
certifies that neither the relevant party nor any other member of any group of which the relevant party is a member for VAT purposes is entitled to credit or repayment from the relevant tax authority
in respect of such VAT. For the purposes of this clause 5.6.2 "relevant party" means Computershare in the case of costs or expenses incurred by Computershare and the Custodian in the case of
costs or expenses incurred by the Custodian. 

5

 

6.     VALIDITY OF DOCUMENTS  

	6.1
	The
Client acknowledges and agrees that Computershare shall not be required to verify the validity of any document or the execution of any document presented to it pursuant to this
Agreement (whether by comparison of signatures or seals or by requiring certification or otherwise) and Computershare shall not be liable to the Client by reason of having accepted as valid any
documents of any kind which are forged, not authentic or are untrue.

	6.2
	If
a document reasonably appears on its face to be invalid, (illegible signatures not of themselves making a document invalid) or the circumstances of a particular case are such as
would reasonably put Computershare on inquiry as to the possible validity of a signature or seal then Computershare shall take reasonable steps to investigate the validity of the document.
Computershare shall not incur any liability to the Client for negligence or otherwise if, despite taking such reasonable steps, the document is accepted and subsequently is shown to be invalid unless
Computershare has acted with negligence or wilful misconduct.

	6.3
	Computershare
shall (unless otherwise agreed in writing at any time with the Client) take out insurance cover on a "claims made basis" (comprising cover in respect of claims
discovered (and not necessarily arising) during the period of the insurance) in respect of forgery, fraud, theft and loss, relative to its duties as registrar. 

7.     CREST  

	7.1
	The
Client acknowledges and agrees that Computershare has been admitted as a CREST Registrar and that accordingly it is obliged to comply with the CREST Requirements and that the
CREST Service and the CREST Requirements may be changed from time to time by CRESTCo.

	7.2
	The
Client agrees that, if at any time there is any conflict between the CREST Requirements to which Computershare is subject and the provisions of this Agreement, the CREST
Requirements shall prevail. Computershare agrees to notify the Client immediately in writing if at any time it becomes aware of any such conflict.

	7.3
	Computershare
shall be entitled, by serving prior written notice on the Client, to change this Agreement (including the description of the Services provided by Computershare) if it
reasonably determines that any such change is reasonably necessary or desirable to reflect any change to the CREST Service or CREST Requirements or any law.

	7.4
	Computershare
agrees that, in connection with its operation as a CREST Registrar, it will use the services of a network provider accredited by CRESTCo in order for it to be able to
send and receive dematerialised instructions to and from the CREST Service. The Client acknowledges and agrees that Computershare shall be entitled without further enquiry to execute or otherwise act
upon instructions or information or purported instructions or information received through the network provided by the network provider notwithstanding that it may afterwards be discovered that any
such instruction or information or purported instruction or information:

	7.4.1
	was
not genuine or was not correct;

	7.4.2
	was
not sent with the authority of any person on whose behalf it was expressed to have been sent;

	7.4.3
	was
not initiated by the relevant person entitled to give it; or

	7.4.4
	was
in any other way not given in compliance with the requirements of the CREST Service; 

and
the Client acknowledges and agrees that Computershare will not be required to take any further steps to verify the validity of any dematerialised instruction received by it through the network
facilities provided by the network provider and shall not be responsible to the Client for 

6

 

any
Loss suffered or incurred by the Client as a result of any act or omission or failure of any kind on the part of the network provider used by Computershare. 

	7.5
	Computershare
shall not incur any liability to the Client for any Loss suffered or incurred by the Client as a result of the operation, failure, interruption or suspension of or
changes to all or any part of the CREST Service by CRESTCo or as a result of any timetable changes in connection with the provision of the CREST Service by CRESTCo. Computershare shall further not be
liable to the Client for any Loss suffered or incurred by the Client as a result of any acts or omissions of Computershare that Computershare reasonably considers are required in order for it to
comply with the CREST Requirements. 

8.     RETENTION OF DOCUMENTS  

	8.1
	The
Client authorises Computershare to hold and destroy records and documents relating to the Depositary Interest Register in accordance with the policies set out in the
Schedule 3.

	8.2
	Subject
to the agreement of any additional fees payable, if Computershare holds documents relating to any present or future subsidiary of the Client (including without limitation
those arising from the compulsory acquisition of shares under any Applicable Laws) those documents shall for the purpose of this Agreement be deemed to belong to the Client and the Client shall
arrange for any such subsidiary to authorise Computershare and the Client to act accordingly.

	8.3
	The
Client acknowledges and agrees that documents shall be considered to be retained by Computershare if copies are available in electronic form or on microfiche. Subject to an
electronic copy of the document being available, Computershare shall be under no obligation to retain documents in paper form. 

9.     DATA PROTECTION  

	9.1
	Each
party shall comply with the provisions of the Data Protection Act 1998 ("DPA") in relation to its processing of any personal data ("the Data") pursuant to the provisions of this
Agreement and the Client shall further obtain all necessary consents from data subjects to the processing by Computershare of Data relating to such data subjects. Any associated costs or expenses that
arise pursuant to this Clause 9.1 shall be paid by the Client.

	9.2
	If
a party fails to comply with the DPA it shall indemnify and keep indemnified the other party on demand against any loss it may suffer as a result of any breach of the provisions of
Clause 9.1, such indemnity to include (but not be limited to) any fine which may be levied under the DPA.

	9.3
	Upon
receipt of updating material from the Client in respect of the Data, Computershare shall promptly modify the Data in accordance with the updating material.

	9.4
	Computershare
shall promptly comply with a written request from the Client for information to enable it to respond to a subject access request under the DPA.

	9.5
	In
the event that any Data to be transferred by Computershare to the Client requires Computershare to transfer such Data to a country which does not afford equivalent protection to
any data subject to that provided by the DPA the parties shall enter into the standard contractual clauses for the transfer of personal data to third countries (as reproduced at Schedule 6) or
any replacement standard contractual clauses which ensure adequate safeguards for the transfer of data to third countries, as may agreed between the parties from time to time. 

10.   CONFIDENTIALITY  

	10.1
	Both
Parties confirm and agree that all Confidential Information obtained whether in preparation for entering into this Agreement or otherwise in the course of performance of their
respective 

7

 

obligations
under its terms, will be treated by them as secret and confidential and will not be disclosed by them to a third party except: 

	10.1.1
	to
employees, agents and sub-contractors instructed by either party in connection with the proper performance of its obligations under the terms of this
Agreement and who require such information for the performance of their duties; or

	10.1.2
	to
its professional advisers (including for the avoidance of doubt its auditors); or

	10.1.3
	as
may be required by law or by a competent regulatory or government authority; or

	10.1.4
	with
the prior written consent of the other party; or

	10.1.5
	insofar
as the information shall have entered the public domain, other than as a result of a breach of this Agreement by the disclosing party; or

	10.1.6
	to
CRESTCo or to such other person as CRESTCo may direct or as may otherwise be required by the CREST Requirements or by any other Operator (as defined by the CREST
Regulations). 

11.   INTELLECTUAL PROPERTY RIGHTS  

	11.1
	Subject
to Clause 11.2, Computershare shall retain ownership of all Intellectual Property Rights in and relating to all methods, formulae, techniques, processes, systems,
materials, programs and documentation devised, designed or prepared by or on behalf of Computershare for the purpose of or in connection with its provision of Services and all other Intellectual
Property Rights created by or on behalf of Computershare in connection with this Agreement.

	11.2
	The
Client shall retain copyright in all data, documentation and other materials provided by it to Computershare in connection with this Agreement.

	11.3
	Each
party hereby grants, during the Term only, to the other party a non-exclusive, royalty free licence (or sub-licence if appropriate) of, and shall make
available to the other party, all Intellectual Property Rights which are:-

	11.3.1
	owned
by such party; and

	11.3.2
	subject
to Clause 11.4 licensed to and/or used by such party, 

to
the extent that such Intellectual Property Rights are required by the other party for the purposes of performing its obligations under this Agreement. 

	11.4
	To
the extent that the consent of any third party is required in connection with the grant of any licence or sub-licence of Intellectual Property licensed to or used by
the relevant party, that party shall use its reasonable endeavours to obtain such consent as soon as reasonably possible. Computershare agrees to defend, indemnify and hold the Client and its
affiliates harmless from any actions brought or threatened against the Client based on allegations that the Client's use of Computershare Intellectual Property Rights infringes any Intellectual
Property Rights of a third party. 

12.   WEB-SITE SERVICE  

	12.1
	The
Client shall provide Computershare with details of the individuals authorised to access the Depositary Interest Register held on Computershare's systems (the "authorised
individuals"). Computershare will issue the authorised individuals with a security identification number and a password (the "Security Details") to permit them to gain view-only access to
the Depositary Interest Register, accessed via a secure link from Computershare's web-site at www.computershare.com. (the "Issuer Online Service"). 

8

 
	12.2
	The
Client shall procure that the authorised individuals:

	12.2.1
	keep
the Security Details secure and do not disclose them to anyone who is not an authorised individual;

	12.2.2
	only
access or attempt to access the Web-Site Service during the term of this Agreement and acting in their professional capacity in good faith in the
performance of their duties.

	12.3
	Computershare
has taken all reasonable care to ensure the accuracy of all factual information on the Issuer Online Service. Nonetheless the Client acknowledges that such information
is subject to change.

	12.4
	The
identification or use of any third party products, services or web-sites is not an endorsement of such products, services or web-sites. Computershare
accepts no responsibility or liability of any kind in respect of any materials on any web-site, which is not under its direct control.

	12.5
	Computershare
will use its best endeavours to ensure that the Web-Site Service remains accessible during normal business hours in the United Kingdom but accepts no
liability for any loss or damage suffered as a result of the non-availability of the Web-Site Service however this arises, including communications failure, breakdown or other
malfunction. The Client acknowledges that Computershare may vary the mode of operation of, or the facilities of the Web-Site Service without reference to the Client.

	12.6
	Computershare
will use its best endeavours to ensure that the Issuer Online Service is secure, but accepts no liability for any loss or damage suffered by any party as a result of
any lack of security however this arises. 

13.   LIABILITY AND INDEMNITY  

	13.1
	Computershare
shall not be responsible for any Loss in respect of any matter relating to any document issued by or on behalf of the Client prior to the Commencement Date.
Computershare may rely on all documents of title relating to the securities of the Client issued prior to the Commencement Date.

	13.2
	Nothing
in this Agreement shall be construed as excluding the liability of one party to the other for:

	13.2.1
	death
or personal injury to the extent that it results from its negligence;

	13.2.2
	any
breach of any obligations implied by section 12 of the Sale of Goods Act 1979 and section 2 of the Supply of Goods and Services Act 1982; or

	13.2.3
	for
fraud; 

save
to the extent it is lawful to do so with regard to Section 13.2.1 and Section 13.2.3. 

9

  

	13.3
	Subject
to Clause 13.5, the Client shall indemnify and keep indemnified Computershare on demand from and against all Loss whatsoever or howsoever arising, suffered or incurred
(whether directly or indirectly) by Computershare, as a result of, or in connection with, the performance by Computershare of its obligations under this Agreement. For the avoidance of doubt, this
Loss includes any Loss arising (whether directly or indirectly) as a result of or in connection with Computershare acting on any forged, fabricated or other inaccurate, invalid or unauthorised
documents or instructions (including dematerialised instructions and instructions given (or purportedly given) by or on behalf of the Client) received by it in connection with the performance of
Computershare's obligations under this Agreement.

	13.4
	Subject
to Clauses 13.5 to 13.7, Computershare agrees to indemnify and keep indemnified the Client and its officers and employees from and against any loss (excluding any indirect,
consequential or special loss) which any of them may incur in any way as a result of or in connection with the fraud, negligence or wilful default of Computershare (or its officers, employees, agents
or sub-contractors).

	13.5
	Neither
party shall be liable to indemnify the other party to the extent that any Loss arises as a result of the fraud, negligence, wilful default of the other party (or its
officers, employees, agents and sub-contractors), or as a result of a breach by the other party of a term of this Agreement.

	13.6
	The
aggregate liability of Computershare to the Client over any 12 month period, whether such liability arises under any express or implied term of this Agreement, in tort,
for misrepresentation, for breach of contract, a contribution or any other duty imposed by law or in any other way (other than liability for fraud) shall in no circumstances whatsoever exceed
[    ].

	13.7
	Computershare
shall on no account be liable to the Client in respect of any claim unless written notice of the claim has been given to Computershare by or on behalf of the Client (as
the case may be) on or before the date which is twelve months after the date on which the Client became aware of the specific act, fact, circumstance or event which gave rise to the claim, or if
earlier, the date on which it ought reasonably (having regard to all the circumstances) to have become so aware.

	13.8
	If,
in a case where the Client is due to pay an amount to Computershare under any indemnity in this Agreement in respect of any Loss, Computershare is unable to obtain a deduction
for tax purposes for the amount of the Loss but is liable to tax on the amount due from the Client, the amount so due shall be increased to such sum as after payment of tax will leave Computershare
with the amount originally payable under the relevant provision of this Agreement. If, at any time after the Client makes any increased payment as a consequence of the application of this
clause 13.8, Computershare receives or is granted a credit against, refund of or relief from any tax payable by it which it would not otherwise have received or been granted, Computershare
shall promptly reimburse to the Client such amount as, acting reasonably, Computershare determines will leave it in no worse a position that it would have been in had the circumstances giving rise to
the increased payment not in fact arisen.

	13.9
	If
any action or claim is brought against Computershare in respect of which Computershare seeks an indemnity from the Client under the provisions of this Agreement, Computershare
shall, as soon as reasonably practicable, notify the Client in writing of such action or claim and the Client shall be entitled to assume the defence of such action or claim and if the Client assumes
the defence of such action or claim, Computershare shall provide the Client with all such information and assistance as it may reasonably request. All reasonable and documented costs, charges, fees
and expenses in respect of such action or claim (whether or not the Client assumes control of the defence) shall be borne by the Client and, to the extent incurred by Computershare, shall be
reimbursed by the Client to Computershare on demand. 

10

 

14.   TERMINATION  

	14.1
	Notwithstanding
the provisions of Clause 2.3, this Agreement may be terminated by either party by notice in writing if the party other than the party seeking to give notice:

	14.1.1
	shall
be in persistent or material breach of any term of this Agreement and shall not have remedied such breach (if capable of being remedied) within 21 days
of receiving notice of such breach and a request for such remedy;

	14.1.2
	goes
into insolvency or liquidation (not being a members' voluntary winding up) or administration or a receiver is appointed over any part of its undertaking or
assets provided that any arrangement, appointment or order in relation to such insolvency or liquidation, administration or receivership is not stayed, revoked, withdrawn or rescinded (as the case may
be), within the period of 30 days, immediately following the first day of such insolvency or liquidation; or

	14.1.3
	shall
cease to have the appropriate authorisations, which permit it lawfully to perform its obligations envisaged by this Agreement at any time.

	14.2
	Any
termination of this Agreement pursuant to this Clause shall be without prejudice to any other rights or remedies a party may be entitled to under this Agreement or at law and
shall not affect any accrued rights or liabilities of any of the Parties nor the coming into or continuance in force of any provision which is expressly or by implication intended to come into or
continue in force on or after such termination.

	14.3
	The
provisions of Clauses 4.2, 5.3, 10, 10.1, 15 and 29 shall survive any termination of this Agreement. 

15.   CONSEQUENCES OF TERMINATION  

	15.1
	Upon
the termination of this Agreement whether pursuant to the giving of notice under Clause 2 or pursuant to Clause 14:

	15.1.1
	each
party undertakes to complete any transaction already initiated at the effective date of termination;

	15.1.2
	the
Parties each agree to take all reasonable steps to ensure that the phasing out of the arrangements envisaged by this Agreement is implemented in an efficient
manner and without adverse effect on the members of the Client or on the business or reputation of the Parties;

	15.1.3
	if,
any amount is payable by the Client to Computershare, the Client shall pay such amount in accordance with the terms of this Agreement; and

	15.1.4
	Computershare
shall, at the Client's cost, deliver to the Client (or as it may direct) all documents, papers and other records relating to the Depositary Interest
Register in its possession which are the property of the Client.

	15.2
	Should
this Agreement be terminated for any reason, other than arising from Computershare's fraud, negligence, wilful default or material breach of a term of this Agreement, the
Client shall within 30 days of termination pay to Computershare, Computershare's reasonable costs and expenses of transferring the Depositary Interest Register to its new registrar. 

16.   AGREEMENT NOT EXCLUSIVE  

	16.1
	Computershare
may act as registrar for any other party on such terms as it sees fit and shall not be under any duty to disclose to the Client any matter of which it may become aware
in the 

11

 

performance
of such duties or of which it may become aware in any capacity other than in providing the Services under this Agreement. 

	16.2
	Nothing
in this Agreement shall prevent Computershare (or any associated Company) from acquiring, holding or dealing with any shares issued by the Client for its own account or that
of any other person. 

17.   USE OF AGENTS  

	17.1
	In
providing the Services, Computershare will be entitled to employ agents for the purposes of carrying out certain matters of a specialist nature which Computershare may consider
appropriate (including, without limitation, printing, personalisation, mailing, storage and the entry and processing of data on computers).

	17.2
	Computershare
may appoint the Custodian for the purpose of providing the Custody Services. 

18.   NOTICES  

        Any notice to be served under this Agreement shall be in writing and may be served by sending it to the relevant party at its address or fax number as last
notified to the party giving the notice, and any notice so served shall be deemed to have been served, if sent by first class post, upon the expiry of 48 hours after posting and, if sent by
fax, on the date on which it is transmitted. 

19.   FORCE MAJEURE  

	19.1
	Subject
to Clause 19.2, neither party shall be responsible for delays or failure to perform any of its obligations under the terms of this Agreement resulting from acts beyond
the reasonable control of such party. Such acts shall include, but not be limited to, acts of God, strikes, lockout, riots, acts of war, epidemics, governmental regulations superimposed after the
fact, communication line failures, power failure, earthquakes or other disasters, or any failure or breakdown of any system, computer or otherwise (a "Force Majeure Event").

	19.2
	If
a party is affected by a Force Majeure Event, it shall promptly notify the other party of the nature and extent of the circumstances in question and shall use reasonable
endeavours to mitigate and/or eliminate the consequences of such Force Majeure Event (to the extent it can do so without incurring significant costs) and inform the other party of the steps which it
is taking and proposes to take to do so. 

20.   ASSIGNMENT  

        Neither party may assign this Agreement or any rights, benefits or obligations under the terms of this Agreement without the prior written consent of the other
party. 

21.   NO PARTNERSHIP  

        Nothing contained in this Agreement shall constitute or be deemed to constitute a partnership and neither party shall be, or be construed to be, the agent of the
other party for any purpose or to have any authority to bind or incur any liability on behalf of any of the other party, save as otherwise expressly provided in this Agreement. 

22.   NO WAIVER  

        The waiver by either party of a breach or default of any of the provisions of this Agreement by the other party shall not be construed as a waiver of any
succeeding breach of the same or other provisions nor shall any delay or omission on the part of any party to avail itself of any right, power or privilege 

12

 

that
it has or may have under this Agreement operate as a waiver of any breach or default by any other party. 

23.   INVALIDITY AND SEVERABILITY  

        If any provision of this Agreement or any part of any such provision is held to be invalid, unlawful or unenforceable, such provision or part (as the case may be)
shall be ineffective only to the extent of such invalidity, unlawfulness or unenforceability and shall not prejudice or affect the remainder of such provision or any other provision of this Agreement. 

24.   VARIATION  

        Other than as set forth in clause 7.3 of this Agreement, no variation to, or modification, amendment or abrogation of this Agreement shall be of any effect
unless it is in writing and signed by each of the Parties hereto. 

25.   ENTIRE AGREEMENT  

        This Agreement constitutes the whole and only agreement between the Parties relating to the Services and save to the extent repeated in this Agreement, and the
other agreements and documents referred to in this Agreement, supersedes and extinguishes any prior drafts, agreements, undertakings, representations, warranties and arrangements of any nature
whatsoever and all other terms, conditions, indemnities and warranties, whether express or implied, statutory or otherwise, and all representations (save in respect of fraudulent misrepresentations)
whether made orally or in writing are excluded 

26.   CONTRACTS (RIGHTS OF THIRD PARTIES) ACT  

        No term of this Agreement is enforceable under the Contracts (Rights of Third Parties) Act 1999 by a person who is not party to this Agreement. 

27.   COMPLAINTS  

        Specific complaints or queries will be dealt with by Computershare in accordance with instructions from time to time given by the Client. Any complaints or
queries which, after being reasonably dealt with by Computershare, are still not resolved and which the person making the complaint or raising the query insists on pursuing further shall be referred
by Computershare to the Client by written notice to the Company Secretary (with a copy to the then Head of Legal (or equivalent person)) of the Client whose decision in relation thereto shall be
final. Computershare shall keep a written record of all such
decisions as are communicated to it by the Client to which it shall have regard before subsequently referring any other complaints or queries to the Client. 

28.   AUTHORITY  

        The Client hereby acknowledges and agrees that, for the purposes of the performance of its obligations under this Agreement, Computershare shall be entitled to
accept and rely upon, and the Client shall be bound by, any written instructions given by any person whom Computershare reasonably believes is acting on behalf of or is otherwise authorised by, the
Client and by any instructions delivered electronically (including but not limited to e-mail) which it is reasonable for Computershare to believe has come from such a person. This clause
shall not be construed as requiring Computershare to take any action on an oral instruction, which it determines (in its absolute discretion) should be given in writing. 

13

 

29.   GOVERNING LAW  

        This Agreement shall be governed by and construed in accordance with the laws of England and Wales and the Parties hereby submit to the exclusive jurisdiction of
the English courts. 

30.   COUNTERPARTS  

        This Agreement may be executed by the Parties on separate counterparts; each of which shall constitute an original, but both counterparts shall together
constitute one and the same instrument. 

14

  

SCHEDULE 1  

 
  THE DEPOSITARY SERVICES    
    

        Subject to the provisions of the Deed, the Depositary Services to be provided by Computershare as Depositary for the Depositary Interests shall include:- 

	1.
	maintaining
in the United Kingdom the Depositary Interest Register;

	2.
	the
issue to a CREST member of Depositary Interests in uncertificated form;

	3.
	receiving
authenticated instructions including a CREST Transfer, CREST Demat Form or CREST Stock Deposit Transaction on behalf of CREST members or the Custodian relating to
transactions in Depositary Interests or the Deposited Property (as the case may be);

	4.
	the
issue and processing of CREST Registrar's adjustment transactions relating to the Depositary Interests Register;

	5.
	the
cancellation of Depositary Interests;

	6.
	maintenance
in respect of holders of Depositary Interests of a securities account showing the number of Depositary Interests attributable to that holder;

	7.
	maintenance
in respect of holders of Depositary Interests of a cash account showing the cash amounts (if any) attributable to a holder of Deposited Samsonite Corporation Securities;

	8.
	registering
transfers and routine dealings with probate, powers of attorney, changes of address and similar documents;

	9.
	making
mailing addresses of holders of either Deposited Samsonite Corporation Securities or Depositary Interests available to the Custodian for dispatch of the Annual Report and
Accounts and Interim Reports and other such notices or circulars as the Client wishes the Custodian to transmit to such holders;

	10.
	dealing
(to the extent that Computershare considers itself competent) with routine correspondence with holders of Depositary Interests, CREST members, the United Kingdom Listing
Authority, the London Stock Exchange Plc and CRESTCo;

	11.
	receiving
and registering dividend payment instructions issued by holders of Depositary Interests and receiving from holders of Depositary Interests their election to receive dividend
or distribution payments in US Dollars instead of Pounds Sterling;

	12.
	notifying
the Client upon receipt by Computershare of certain categories of transfers in respect of the Depositary Interests Register previously specified and agreed in writing
between the Client and Computershare;

	13.
	collecting
from beneficial holders of Depositary Interests, and transmitting to the Client together with Internal Revenue Service Form W-8IMY (or successor form),
Internal Revenue Service Forms W-8 or W-9 (or successor forms), as applicable, and all other documentation and information required to be transmitted to the Client by a
nonqualified intermediary pursuant to Internal Revenue Service Form W-8IMY (or successor form);

	14.
	such
other services as may be described or provided for in the Deed. 

15

 
SCHEDULE 2  

 
  THE CUSTODY SERVICES    
    

        The Custody Services to be provided by the Custodian as custodian for Deposited Samsonite Corporation Securities shall include:- 

	1.
	the
holding of Deposited Property as may be designated from time to time by the Depositary;

	2.
	the
execution of properly authenticated instructions received from CREST members in relation to the Deposited Property held on their behalf. 

16

 
SCHEDULE 3  

 
  THE FEES    
    

	1.
	The
Fee payable by the Client in respect of-

	1.1
	the
Depositary Services (excluding any deposit or cancellation of Depositary interests and the processing of CREST Registrar adjustment transactions);

	1.2
	the
Custody Services; and

	1.3
	the
other services described in this Agreement, shall be 

a
annual fee of [    •    ], payable in [monthly] instalments commencing in the month in which the Deed is executed. 

	2.
	The
Fee payable by the Client in respect of-

	2.1
	the
deposit or cancellation of Depositary Interests and the processing of CREST Registrar adjustment transactions; and

	2.2
	the
transfer of Depositary interests, 

shall
be a fee of £ [    •    ] per deposit, transfer or cancellation, payable monthly commencing in the month in which the
Commencement Date falls. 

	3.
	In
respect of the compilation of the initial Depositary Interests Register on the Commencement Date and the provision of draft documentation in respect of the Deed and this Agreement,
an amount of [    •    ], payable in the month in which the Commencement Date falls save that if the Commencement Date is cancelled or delayed
beyond [    •    ] the Client will pay Computershare's reasonable costs incurred to date.

	4.
	The
Fees shall be calculated on the basis of the number of holdings, which have appeared on the Depositary Interests Register at any time during each month. Holdings which are reduced
to nil during any month will be charged for in that month (but not in subsequent months).

	5.
	For
the purpose of calculating the Fees:

	5.1
	joint
holdings of any Deposited Samsonite Corporation Security or Depositary Interest shall be treated as one holding;

	5.2
	a
holding of more than one class of share or series of Depositary Interest shall be counted separately in respect of each class or series held; and

	5.3
	a
holding having different account designations shall be treated as a separate holding in respect of each such account designation.

	6.
	The
Client shall in addition reimburse Computershare within 30 days of Computershare's invoice for all network charges, CREST charges, money transmission and banking charges and
other out-of-pocket expenses incurred by it in connection with the provision of the Services under this Agreement. Such out-of-pocket expenses shall
include (but not by way of limitation) stationery, printing, travel, telephones, postage, storage and legal expenses. 

17

 
SCHEDULE 4  

 
  RETENTION OF DOCUMENTATION    
    

        The following retention periods apply for the respective types of records and documents relating to the supply by Computershare of the Registry Services. All
retention periods should be read as subject to an overriding obligation to deliver the documents to the Client (in such form as Computershare shall provide) at the end of the Term. 

 
 

DEPOSITARY INTERESTS AND RELATED REGISTERS    
    

	Transfers and deposits	 	6 years
	

Cancelled certificates (dead cover)	
 	

1 year
	

Changes of address	
 	

3 years
	

Dividend Authorities/Mandates	
 	

3 years
	

Indemnities	
 	

During the Term
	

Grants of representation	
 	

During the Term
	

Court Orders	
 	

During the Term
	

Renounceable Certificates/	
 	

6 years
	

Allotment Letters	
 	

1 year
	

a) Registrations and original renunciations	
 	

 
	

b) Exchanged for Certificates	
 	

 
	

Forms of Acceptance/Transfer Excess Forms	
 	

6 years
	

Paid Cheques (Sale of Rights, Redemption Cheques, Fractions, etc)	
 	

6 years
	

Routine Correspondence	
 	

3 years

        All
other records and documentation will be retained and disposed of in accordance with Computershare's normal practice (based on the standard issued from time to time by the Institute
of Chartered Secretaries and Administrators) unless otherwise agreed. 

        Should
the Client require any documents or classes of documents to be retained for periods longer than those set out above, additional fees will be payable. 

18

  

SCHEDULE 6  

 
 

STANDARD CONTRACTUAL CLAUSES CONCERNING EXPORT OF DATA    
    

BETWEEN:  

	(1)
	Computershare Investor Services PLC a company registered in England & Wales under company number 3498808 and whose registered
office is at The Pavilions, Bridgwater Road, Bristol BS13 8AE ("the Data Exporter"); 

AND  

	(3)
	Samsonite Corporation, a company incorporated in the State of Delaware under the Delaware General Corporation Law and whose registered
office is at c/o Prentice-Hall Corporation System, Inc., 2711 Centerville Road, Suite 400, Wilmington, DE 19808, United States (the "Client"). 

RECITAL  

	(G)
	THE PARTIES HAVE AGREED on the following contractual clauses ("the Standard Data Clauses") in order to adduce adequate safeguards with
respect to the protection of privacy and fundamental rights and freedoms of individuals for the transfer by the Data Exporter to the Data Importer of the personal data specified in Annex B. 

DEFINITIONS  

        For the purposes of the clauses: 

	(a)
	"personal
data", "special categories of data/sensitive data", "process/processing", "controller", "processor", "data subject", and "supervisory authority/authority" shall have the
same meaning as in Directive 95/46/EC of 24 October 1995 (whereby the "authority" shall mean the competent data protection authority in the territory in which the data exporter is
established);

	(b)
	"the data exporter" shall mean the controller who transfers the personal data;

	(c)
	"the data importer" shall mean the controller who agrees to receive from the data exporter personal data for further processing in
accordance with the terms of these clauses and who is not subject to a third country's system ensuring adequate protection; and

	(d)
	"clauses" shall mean these contractual clauses, which are a free-standing document that does not incorporate commercial
business terms established by the parties under separate commercial arrangements. 

        The
details of the transfer (as well as the personal data covered) are specified in Annex B, which forms an integral part of the clauses. 

1.     OBLIGATIONS OF THE DATA EXPORTER

        The
data exporter warrants and undertakes that: 

	1.1
	The
personal data have been collected, processed and transferred in accordance with the laws applicable to the data exporter.

	1.2
	It
has used reasonable efforts to determine that the data importer is able to satisfy its legal obligations under these clauses. 

19

 
	1.3
	It
will provide the data importer, when so requested, with copies of relevant data protection laws or references to them (where relevant, and not including legal advice) of the
country in which the data exporter is established.

	1.4
	It
will respond to enquiries from data subjects and the authority concerning processing of the personal data by the data importer, unless the parties have agreed that the data
importer will so respond, in which case the data exporter will still respond to the extent reasonably possible and with the information reasonably available to it if the data importer is unwilling or
unable to respond. Responses will be made within a reasonable time.

	1.5
	It
will make available, upon request, a copy of the clauses to data subjects who are third party beneficiaries under clause 3, unless the clauses contain confidential
information, in which case it may remove such information. Where information is removed, the data exporter shall inform data subjects in writing of the reason for removal and of their right to draw
the removal to the attention of the authority. However, the data exporter shall abide by a decision of the authority regarding access to the full text of the clauses by data subjects, as long as data
subjects have agreed to respect the confidentiality of the confidential information removed. The data exporter shall also provide a copy of the clauses to the authority where required. 

2.     OBLIGATIONS OF THE DATA IMPORTER

        The
data importer warrants and undertakes that: 

	2.1
	It
will have in place appropriate technical and organisational measures to protect the personal data against accidental or unlawful destruction or accidental loss, alteration,
unauthorised disclosure or access, and which provide a level of security appropriate to the risk represented by the processing and the nature of the data to be protected.

	2.2
	It
will have in place procedures so that any third party it authorises to have access to the personal data, including processors, will respect and maintain the confidentiality and
security of the personal data. Any person acting under the authority of the data importer, including a data processor, shall be obligated to process the personal data only on instructions from the
data importer. This provision does not apply to persons authorised or required by law or regulation to have access to the personal data.

	2.3
	It
has no reason to believe, at the time of entering into these clauses, in the existence of any local laws that would have a substantial adverse effect on the guarantees provided for
under these clauses, and it will inform the data exporter (which will pass such notification on to the authority where required) if it becomes aware of any such laws.

	2.4
	It
will process the personal data for purposes described in Annex B, and has the legal authority to give the warranties and fulfil the undertakings set out in these clauses.

	2.5
	It
will identify to the data exporter a contact point within its organisation authorised to respond to enquiries concerning processing of the personal data, and will cooperate in good
faith with the data exporter, the data subject and the authority concerning all such enquiries within a reasonable time. In case of legal dissolution of the data exporter, or if the parties have so
agreed, the data importer will assume responsibility for compliance with the provisions of clause 1.5.

	2.6
	At
the request of the data exporter, it will provide the data exporter with evidence of financial resources sufficient to fulfil its responsibilities under clause III (which
may include insurance coverage).

	2.7
	Upon
reasonable request of the data exporter, it will submit its data processing facilities, data files and documentation needed for processing to reviewing, auditing and/or
certifying by the data exporter (or any independent or impartial inspection agents or auditors, selected by the data 

20

 

exporter
and not reasonably objected to by the data importer) to ascertain compliance with the warranties and undertakings in these clauses, with reasonable notice and during regular business hours.
The request will be subject to any necessary consent or approval from a regulatory or supervisory authority within the country of the data importer, which consent or approval the data importer will
attempt to obtain in a timely fashion. 

	2.8
	It
will process the personal data, at its option, in accordance with:

	2.8.1.
	the
data protection laws of the country in which the data exporter is established; or

	2.8.2.
	the
relevant provisions of any Commission decision pursuant to Article 25(6) of Directive 95/46/EC, where the data importer complies with the relevant
provisions of such an authorisation or decision and is based in a country to which such an authorisation or decision pertains, but is not covered by such authorisation or decision for the purposes of
the transfer(s) of the personal data; or

	2.8.3.
	the
data processing principles set forth in Annex A. 

	 
	 	 
	 	 

	 	 	Data importer to indicate which option it selects:	 	

	 	 	Initials of data importer:	 	

	2.9
	It
will not disclose or transfer the personal data to a third party controller located outside the European Economic Area (EEA) unless it notifies the data exporter about the transfer
and

	2.9.1.
	the
third party data controller processes the personal data in accordance with a Commission decision finding that a third country provides adequate protection; or

	2.9.2.
	the
third party data controller becomes a signatory to these clauses or another data transfer agreement approved by a competent authority in the EU; or

	2.9.3.
	data
subjects have been given the opportunity to object, after having been informed of the purposes of the transfer, the categories of recipients and the fact that
the countries to which data is exported may have different data protection standards; or

	2.9.4.
	with
regard to onward transfers of sensitive data, data subjects have given their unambiguous consent to the onward transfer. 

3.     LIABILITY AND THIRD PARTY RIGHTS

	3.1
	Each
party shall be liable to the other parties for damages it causes by any breach of these clauses. Liability as between the parties is limited to actual damage suffered. Punitive
damages (i.e. damages intended to punish a party for its outrageous conduct) are specifically excluded. Each party shall be liable to data subjects for damages it causes by any breach of third party
rights under these clauses. This does not affect the liability of the data exporter under its data protection law.

	3.2
	The
parties agree that a data subject shall have the right to enforce as a third party beneficiary this clause and clauses 1.2, 1.4, 1.5, 2.1, 2.3, 2.4, 2.5, 2.8, 2.9, 3.1,5, 6.4 and
7 against the data importer or the data exporter, for their respective breach of their contractual obligations with regard to his personal data, and accept jurisdiction for this purpose in the data
exporter's country of establishment. In cases involving allegations of breach by that data importer, the data subject must first request the data exporter to take appropriate action to enforce his
rights against the data importer; if the data exporter does not take such action within a reasonable period (which under normal circumstances would be one month), the data subject may then enforce his
rights against the data importer directly. A data subject is entitled to proceed directly against a data exporter that has failed to use reasonable efforts to determine that the data importer is able
to 

21

 

satisfy
its legal obligations under these clauses (the data exporter shall have the burden to prove that it took reasonable efforts). 

4.     LAW APPLICABLE TO THE CLAUSES

        These
clauses shall be governed by the laws of England and Wales, with the exception of the laws and regulations relating to processing of the personal data by the data importer under
clause 2.8, which shall apply only if so selected by the data importer under that clause. 

5.     RESOLUTION OF DISPUTES WITH DATA SUBJECTS OR THE AUTHORITY

	5.1
	In
the event of a dispute or claim brought by a data subject or the authority concerning the processing of the personal data against either or both of the parties, the parties will
inform each other about any such disputes or claims, and will cooperate with a view to settling them amicably in a timely fashion.

	5.2
	The
parties agree to respond to any generally available non-binding mediation procedure initiated by a data subject or by the authority. If they do participate in the
proceedings, the parties may elect to do so remotely (such as by telephone or other electronic means). The parties also agree to consider participating in any other arbitration, mediation or other
dispute resolution proceedings developed for data protection disputes.

	5.3
	Each
party shall abide by a decision of a competent court of the data exporter's country of establishment or of the authority which is final and against which no further appeal is
possible. 

6.     TERMINATION

	6.1
	In
the event that the data importer is in breach of its obligations under these clauses, then the data exporter may temporarily suspend the transfer of personal data to the data
importer until the breach is repaired or the contract is terminated.

	6.2
	In
the event that:

	6.2.1.
	the
transfer of personal data to the data importer has been temporarily suspended by the data exporter for longer than one month pursuant to paragraph 6.1;

	6.2.2.
	compliance
by the data importer with these clauses would put it in breach of its legal or regulatory obligations in the country of import;

	6.2.3.
	the
data importer is in substantial or persistent breach of any warranties or undertakings given by it under these clauses;

	6.2.4.
	a
final decision against which no further appeal is possible of a competent court of the data exporter's country of establishment or of the authority rules that there
has been a breach of the clauses by the data importer or the data exporter; or

	6.2.5.
	a
petition is presented for the administration or winding up of the data importer, whether in its personal or business capacity, which petition is not dismissed
within the applicable period for such dismissal under applicable law; a winding up order is made; a receiver is appointed over any of its assets; a trustee in bankruptcy is appointed, if the data
importer is an individual; a company voluntary arrangement is commenced by it; or any equivalent event in any jurisdiction occurs 

then
the data exporter, without prejudice to any other rights which it may have against the data importer, shall be entitled to terminate these clauses, in which case the authority shall be informed
where required. In cases covered by 6.2.1, 6.2.3, or 6.2.4 above the data importer may also terminate these clauses. 

22

 

	6.3
	Either
party may terminate these clauses if (i) any Commission positive adequacy decision under Article 25(6) of Directive 95/46/EC (or any superseding text) is issued
in relation to the country (or a sector thereof) to which the data is transferred and processed by the data importer, or (ii) Directive 95/46/EC (or any superseding text) becomes directly
applicable in such country.

	6.4
	The
parties agree that the termination of these clauses at any time, in any circumstances and for whatever reason (except for termination under clause 6.3) does not exempt them
from the obligations and/or conditions under the clauses as regards the processing of the personal data transferred. 

7.     VARIATION OF THESE CLAUSES

        The
parties may not modify these clauses except to update any information in Annex B, in which case they will inform the authority where required. This does not preclude the parties from
adding additional commercial clauses where required. 

8.     DESCRIPTION OF THE TRANSFER

        The
details of the transfer and of the personal data are specified in Annex B. The parties agree that Annex B may contain confidential business information which they will not disclose
to third parties, except as required by law or in response to a competent regulatory or government agency, or as required under clause 1.5. The parties may execute additional annexes to cover
additional transfers, which will be submitted to the authority where required. Annex B may, in the alternative, be drafted to cover multiple transfers. 

	 	 	Dated	 	    

   

	FOR DATA IMPORTER
	 	FOR DATA IMPORTER

	

	
 	

	

	
 	

	

	
 	

23

  

ANNEX A  

 
 

Data Processing Principles    
    

        This annex forms part of the Standard Contractual Clauses. 

	1.
	Purpose
limitation: Personal data may be processed and subsequently used or further communicated only for purposes described in Annex B or subsequently authorised by the data subject.

	2.
	Data
quality and proportionality: Personal data must be accurate and, where necessary, kept up to date. The personal data must be adequate, relevant and not excessive in relation to
the purposes for which they are transferred and further processed.

	3.
	Transparency:
Data subjects must be provided with information necessary to ensure fair processing (such as information about the purposes of processing and about the transfer), unless
such information has already been given by the data exporter.

	4.
	Security
and confidentiality: Technical and organisational security measures must be taken by the data controller that are appropriate to the risks, such as against accidental or
unlawful destruction or accidental loss, alteration, unauthorised disclosure or access, presented by the processing. Any person acting under the authority of the data controller, including a
processor, must not process the data except on instructions from the data controller.

	5.
	Rights
of access, rectification, deletion and objection: As provided in Article 12 of Directive 95/46/EC, data subjects must, whether directly or via a third party, be provided
with the personal information about them that an organisation holds, except for requests which are manifestly abusive, based on unreasonable intervals or their number or repetitive or systematic
nature, or for which access need not be granted under the law of the country of the data exporter. Provided that the authority has given its prior approval, access need also not be granted when doing
so would be likely to seriously harm the interests of the data importer or other organisations dealing with the data importer and such interests are not overridden by the interests for fundamental
rights and freedoms of the data subject. The sources of the personal data need not be identified when this is not possible by reasonable efforts, or where the rights of persons other than the
individual would be violated. Data subjects must be able to have the personal information about them rectified, amended or deleted where it is inaccurate or processed against these principles. If
there are compelling grounds to doubt the legitimacy of the request, the organisation may require further justifications before proceeding to rectification, amendment or deletion. Notification of any
rectification, amendment or deletion to third parties to whom the data have been disclosed need not be made when this involves a disproportionate effort. A data subject must also be able to object to
the processing of the personal data relating to him if there are compelling legitimate grounds relating to his particular situation. The burden of proof for any refusal rests on the data importer, and
the data subject may always challenge a refusal before the authority.

	6.
	Sensitive
data: The data importer shall take such additional measures (e.g. relating to security) as are necessary to protect such sensitive data in accordance with its obligations
under clause 2.

	7.
	Data
used for marketing purposes: Where data are processed for the purposes of direct marketing, effective procedures should exist allowing the data subject at any time to
"opt-out" from having his data used for such purposes.

	8.
	Automated
decisions: For purposes hereof "automated decision" shall mean a decision by the data exporter or the data importer which produces legal effects concerning a data subject or
significantly affects a data subject and which is based solely on automated processing of personal data intended to evaluate certain personal aspects relating to him, such as his performance at 

24

 

work,
creditworthiness, reliability, conduct, etc. The data importer shall not make any automated decisions concerning data subjects, except when: 

	 
	 
	 
	 

	 	(a)	(i)	such decisions are made by the data importer in entering into or performing a contract with the data subject; and
	

 	

 	

(ii)	

the data subject is given an opportunity to discuss the results of a relevant automated decision with a representative of the parties making such decision or otherwise to make representations to those parties.

or

	(b)
	where
otherwise provided by the law of the data exporter. 

25

  

 
 

ANNEX B
  
    Description of the transfer    
    

        This annex forms part of the Standard Contractual Clauses. 

Data subjects  

        The personal data transferred concern the holders of interests in the Deposited Property. 

Purposes of the transfer(s)  

        The transfer is made for the purpose of the data being inputted onto a depositary register in an electronic format. 

Categories of data  

        The personal data transferred can be categorized as names and addresses of the holders of interests in the Deposited Property, details relating to the level and
value of such interests, and historical information relating to holders' interests. 

Recipients  

        The personal data transferred may be disclosed only to the following recipients or categories of recipients: Employees, agents and sub-contractors of
the data exporter and the data importer. 

Data protection registration information of data exporter (where applicable)  

        Data protection registration number Z5325892 

Additional useful information (storage limits and other relevant information) 

Contact points for data protection enquires  

	 
	 	 

	Data importer	 	Data exporter
	 	 	 
	
	 	

	 	 	 
	
	 	

	 	 	 
	
	 	

26

 
SCHEDULE 7  

27

 

IN WITNESS WHEREOF this Agreement and the Schedules are executed as follows: 

EXECUTED for and on behalf of 

COMPUTERSHARE INVESTOR SERVICES PLC  

	 
	 	 

	
	 	 
	Authorised Signatory	 	 
	 	 	 
	 	 	 
	 	 	 
	EXECUTED for and on behalf of
 SAMSONSITE CORPORATION	 	 
	 	 	 
	 	 	 
	
	 	 
	[Authorised Signatory]	 	 

28

QuickLinks

COMPUTERSHARE INVESTOR SERVICES PLC

Samsonite Corporation

AGREEMENT FOR THE PROVISION OF DEPOSITARY SERVICES and CUSTODY SERVICES IN RESPECT OF SAMSONITE CORPORATION DEPOSITARY INTERESTS

Table of Contents

THE DEPOSITARY SERVICES

THE CUSTODY SERVICES

THE FEES

RETENTION OF DOCUMENTATION

DEPOSITARY INTERESTS AND RELATED REGISTERS

STANDARD CONTRACTUAL CLAUSES CONCERNING EXPORT OF DATA

Data Processing Principles

ANNEX B Description of the transferQuickLinks
 -- Click here to rapidly navigate through this document
  

Exhibit 10.12  

 
 

EMPLOYMENT AGREEMENT    
    

        This
Employment Agreement (the "Agreement") is hereby entered into effective as of April 12, 2006, between DynCorp International LLC, a Delaware limited liability company (the
"Company"), and Robert B. Rosenkranz ("Executive"). 

        In
consideration of the mutual promises and covenants contained herein, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

1.     Employment.  

        1.1. Position.    During the Term (as hereinafter defined) of this Agreement, and subject to the terms and conditions set forth
herein, the Company agrees to employ Executive as a Vice President, and President of its ITS Division, reporting to the President of the Company. 

        1.2. Fulfillment of Duties.    During the Term of this Agreement, Executive shall (i) devote his full business time and
best efforts to the performance of his services hereunder, excluding vacation periods and periods of illness or incapacity, and (ii) perform his services hereunder faithfully, diligently and to
the best of his skill and ability. 

        1.3. Location.    During the Term of this Agreement, Executive will perform his duties and services at the Company's Falls
Church, Virginia office or such location(s) as he shall deem appropriate, except that Executive agrees to make such business trips to the Company's other locations as may be reasonable and necessary
in the performance of his services hereunder. 

2.     Compensation and Benefits.  

        2.1. Salary.    In consideration of and as compensation for the services agreed to be performed by Executive hereunder, the
Company agrees to pay Executive during the Term of this Agreement a base annual salary (the "Base Salary") of not less than $360,000 per year, less standard deductions and withholdings, payable
bi-monthly in accordance with the Company's regular payroll practices. The Company will review Executive's Base Salary and other compensation (including bonuses and incentive compensation)
from time to time during the Term of this Agreement and, at the recommendation of the Compensation Committee (the "Committee") of the Board, may increase his Base Salary or other compensation
(including incentive compensation) from time to time. Any increase in Base Salary or other compensation (including incentive compensation) shall in no way limit or reduce any other obligation of the
Company hereunder and, once established at an increased rate, Executive's Base Salary hereunder shall not be reduced. 

        2.2. Incentive Compensation.    During the Term of this Agreement, in addition to the Base Salary provided in Section 2.1
above, Executive shall be eligible to receive additional incentive compensation in an amount not to exceed amounts prescribed in the Company's Executive Incentive Compensation Plan ("Plan") using a
target incentive percentage of no less than 50% ("Incentive Compensation"); provided, however, that no portion of his Incentive Compensation shall be paid in shares of the Company unless the Executive
requests the delivery of such shares. The Executive shall also be entitled to the benefits of any modifications or amendments to such Plan adopted after the effective date hereof that enhance benefits
payable under the Plan. 

        2.3. Other Benefits.    During the Term of this Agreement, Executive shall be entitled to the benefits listed on
Exhibit A, and any other benefits adopted after the effective date of this Agreement 

1

 

for
the benefit of senior executives of the Company; provided that such additional benefits shall not in any way limit or detract from the benefits described on Exhibit A. 

3.     Term.  

        3.1. Term.    The term of employment under this Agreement means the period that commenced on April 1, 2006 and expiring
at midnight on March 31, 2011; provided, that this Agreement will automatically renew for additional periods of one (1) year each commencing on April 1 of each successive year
following the initial Term unless written notice of intent not to renew is delivered by the Company or the Executive to the other party at least 90 days prior to the effective date of any
renewal hereof. 

        3.2. Termination of Employment        

        Executive's
employment with the Company may be terminated under the following conditions: 

3.2.1. Retirement, Death or Disability.    Executive's employment with the Company shall terminate effective upon the date of Executive's
Retirement from the Company (as defined in Section 5.5), resignation from the Company, death or "Complete Disability" (as defined in Section 5.1). 

3.2.2. For Cause.    The Company may terminate Executive's employment under this Agreement for Cause (as defined in Section 5.2) by
delivery of written notice to Executive specifying the Cause or Causes relied upon for such termination. Any notice of termination given pursuant to this Section 3.2.2 shall effect termination
as of the date specified in such notice or, in the event no such date is specified, on the last day of the month in which such notice is delivered or deemed delivered as provided in Section 7.3
below. 

3.2.3. Without Cause.    The Company may terminate Executive's employment under this Agreement at any time and for any reason by delivery of
written notice of such termination to Executive. Any notice of termination given pursuant to this Section 3.2.3 shall take effect as of the date specified in such written notice. 

3.2.2. Termination by Executive for Good Cause.    Executive may terminate Executive's employment with the Company for Good Cause (as defined
in Section 5.3) upon thirty (30) days written notice to the Company. 

3.2.3. Termination by Mutual Agreement of the Parties.    Executive's employment pursuant to this Agreement may be terminated at any time upon
the mutual written agreement of the parties. Any such termination of employment shall have the consequences specified in such mutual agreement. 

3.2.4. Board/Committee Resignation.    Upon termination of Executive's employment for any reason, Executive agrees to resign, as of the date
of such termination and to the extent applicable, from the Board (and any committees thereof) and the Board of Directors (and any committees thereof) of any of the Company's affiliates. 

4.     Compensation upon Termination.  

        4.1. Retirement, Death or Complete Disability.    If Executive's employment is terminated by his Retirement, death or Complete
Disability, Executive (or his heirs or legal representative) shall be entitled to Executive's Base Salary and accrued and unused vacation earned through the date of termination, subject to standard
deductions and withholdings. In addition, upon Executive's (or his heirs or legal representative) furnishing to the Company an executed waiver and release of claims (a 

2

 

form
of which is attached hereto as Exhibit B, which will be revised for signature by Executive's heirs or legal representative if applicable), Executive (or his heirs or legal representative)
shall be entitled to: 

4.1.1.    a pro rated portion of his Incentive Compensation that would be payable to the Executive based on projected Company performance
through the termination date, less standard deductions and withholdings; and 

4.1.2.    exercise any vested options to purchase stock (common or otherwise) in the Company granted to Executive pursuant to any plan,
agreement or otherwise, or any equivalent or similar vested rights which appreciate or tend to appreciate as the value of the Company's stock appreciates, such options and rights to be in accordance
with the terms of any applicable plan or agreement, it being understood that the provisions of this Section 4.1.2 shall have no applicability to the rights of Executive as a Class B
Member of DIV Holding LLC and nothing contained in this Agreement shall operate to change, amend or vary any of the terms of the Amended and Restated Limited Liability Company Operating Agreement of
DIV Holding LLC, as amended from time to time; provided, however, that Executive or his estate or legal representative shall have a period of 90 days following the date of termination within
which to exercise or satisfy all such options or rights. 

        4.2. Termination for Cause by the Company or Resignation by Executive.    If Executive's employment is terminated by the Company
for Cause or if Executive resigns (other than for Good Cause), the Company shall pay Executive's accrued Base Salary and accrued and unused vacation benefits earned through the date of termination at
the rate in effect at the time of the notice of termination to Executive or Executive's notice of resignation to the Company. 

        4.3. Termination without Cause by the Company or Termination by the Executive for Good Cause.    If the Company terminates
Executive's employment without Cause (except under any circumstance in which Section 4.1 is applicable to Executive, in which case this Section 4.3 shall not apply), or if the Executive
terminates this Agreement for Good Cause, Executive shall be entitled to Executive's Base Salary and a pro rated portion of his Incentive Compensation that would be payable to the Executive based on
projected Company performance through the termination date, less standard deductions and withholdings, and accrued and unused vacation earned through the date of termination, subject to standard
deductions and withholdings. In addition, upon Executive's furnishing to the Company an executed copy of the waiver and release of claims (a form of which is attached hereto as Exhibit B),
Executive (or his heirs or legal representative) shall be entitled to: 

4.3.1.    a payment equivalent to 2.0 times the Executive's Annual Base Compensation in effect at the time of Termination, less standard
deductions and withholdings, payable in two equal lump sum payments the first payment on the first payroll date that is six months following such termination, and the second payment on the first
payroll date that is twelve months following such termination, in accordance with the Company's regular payroll practices; 

4.3.2.    exercise any vested options to purchase stock (common or otherwise) in the Company granted to Executive pursuant to any plan,
agreement or otherwise, or any equivalent or similar vested rights which appreciate or tend to appreciate as the value of the Company's stock appreciates, such options and rights to be in accordance
with the terms of any applicable plan or agreement, it being understood that the provisions of this Section 4.3.2 shall have no applicability to the rights of Executive as a Class B
Member of DIV Holding LLC and nothing contained in this Agreement shall operate to change, amend or vary any of the terms of the Amended and Restated Limited Liability Company Operating Agreement of
DIV Holding LLC, as amended from time to time; provided, however, that Executive or his estate or legal representative shall have a period of 90 days following the date of termination within
which to exercise or satisfy all such options or rights; and 

3

 

4.3.3.    elect reimbursement to the Executive (or his heirs or legal representatives) for the same portion of Executive's COBRA health
insurance premium that it paid during Executive's employment up until the earlier of either (i) the last day of Executive's COBRA health insurance benefits or, ii) the date on which
Executive becomes covered under any other group health plan (as an employee or otherwise). 

5.     Definitions.  

        For purposes of this Agreement, the following terms shall have the following meanings: 

        5.1. Complete Disability.    "Complete Disability" shall mean the inability of Executive to perform Executive's duties under
this Agreement because Executive has become permanently disabled within the meaning of any policy of disability income insurance covering employees of the Company then in force. In the event the
Company has no policy of disability income insurance covering employees of the Company in force when Executive becomes disabled, the term "Complete Disability" shall mean the inability of Executive to
perform Executive's duties under this Agreement by reason of any incapacity, physical or mental, which the Board, based upon medical advice or an opinion provided by a licensed physician acceptable to
the Board, determines to have incapacitated Executive from satisfactorily performing all of Executive's usual services for the Company for a period of at least one hundred twenty (120) days
during any twelve (12) month period (whether or not consecutive). Based upon such medical advice or opinion, the determination of the Board shall be final and binding and the date such
determination is made shall be the date of such Complete Disability for purposes of this Agreement. 

        5.2. For Cause.    For "Cause" shall mean: 

5.2.1.    the willful and continued failure by Executive to substantially perform his duties with the Company (other than any such failure
resulting from his incapacity due to physical or mental illness, injury or disability), after a written demand for substantial performance is delivered to his by the Board that identifies, in
reasonable detail, the manner in which the Board believes that Executive has not substantially performed his duties in good faith; 

5.2.2.    the willful engaging by Executive in conduct that causes material harm to the Company, monetarily or otherwise; 

5.2.3.    Executive's conviction of a felony arising from conduct during the Term of this Agreement; 

5.2.4.    Executive's willful malfeasance or willful misconduct in connection with Executive's duties hereunder; or 

5.2.5.    For purposes of this Subsection 5.2 no act, or failure to act, on Executive's part shall be considered "willful" unless done, or
omitted to be done, by him not in good faith and without
reasonable belief that his action or omission was in the best interest of the Company or its shareholders. 

        5.3. Good Cause.    "Good Cause" shall mean any of the following actions taken by the Company or any subsidiary that employs the
Executive: assignment of the Executive to duties that are materially inconsistent with his status as a senior executive or which represent a substantial diminution of his duties or responsibilities in
the Company, a reduction in Executive's Base Salary, except in connection with an across-the-board salary reduction for all executives, a failure by the Company to pay any of
Executive's compensation in accordance with Company policy, a substantial reduction in or elimination of any of the benefits described on Exhibit A, the relocation of the Executive to a
location more than 35 miles from Washington, D.C. without Executive's consent, change of Executive's title, a failure to comply with the obligations of the Company under Sections 1.1 and 1.2 hereof,
or the failure of a successor to the Company to confirm in writing within 5 business days of its succession its obligation to assume and perform all obligations of this Agreement,  provided that any such
events described in this 

4

 

Section 5.3
shall constitute Good Cause only if the Company fails to cure such event within 30 days after receipt from Executive of written notice of the event which constitutes Good
Cause. 

        5.4. Annual Base Compensation.    "Annual Base Compensation" shall mean the total of the Executive's most recent annual salary
and target incentive under the Company's Executive Incentive Plan. 

        5.5. Retirement.    "Retirement" shall mean the voluntary retirement of the Executive from the Company (a) at or after
age 62 or (b) at any time after the combination of the Executive's age and service with the company or any predecessor or subsidiary equals or exceeds 75 years. 

6.     Non-Solicitation and Confidentiality.  

        6.1. Non-Solicitation.    Executive hereby covenants and agrees that during the Term of this Agreement and for a
period of one year following the termination of this Agreement, he will not directly or through a third party employ or solicit for employment any employees of the Company or any persons who were
employees of the Company at any time during the twelve-month period immediately prior to any such solicitation or proposed solicitation or employment. 

        6.2. Confidentiality.    Except as required by law or an order of a court or governmental agency with jurisdiction, the
Executive shall not, during the period he is employed by the Company and for a period of one year thereafter, disclose Confidential Information (as defined below) to any person or entity for any
reason or purpose whatsoever. Executive shall take all reasonable steps to safeguard the Confidential Information and to protect it against disclosure, misuse, espionage, loss and theft. All such
Confidential Information shall remain the exclusive property of the Company. 

        6.3 Confidential Information.    For purposes of this Agreement and specifically Section 6.2 above, "Confidential
Information" shall mean non-public information concerning the Company's business or operations, plans, strategies, prospects or objectives; its sales, services, support and marketing
plans, practices and operations; the prices, costs and details of its services or prospective services; the financial condition and results of its operations; information received from third parties
under confidential conditions; the Company's personnel and compensation policies; and means of gaining access to the Company's computer data systems and related information. "Confidential Information"
shall not include general knowledge based on Executive's experience in the industry, information generally known in the industry, or information that is or becomes generally available to the public
other than as a result of disclosure by the Executive. 

7.     Miscellaneous.  

        7.1. Indemnification.    The Company agrees at all times during the term of this Agreement and thereafter, to indemnify, defend
and hold the Executive, his heirs, estate and legal representatives harmless from, any and all claims, liabilities, demands, allegations, causes of action, or other threats, related to or in any way
arising out of, the services provided by the Executive under this Agreement or at the request of the Company; provided, however, that this indemnification shall not apply to acts or omissions that are
the result of conduct that would preclude the Executive from receiving indemnification under Section 145 of the Delaware General Corporation Law in effect from time to time. Upon receipt of
notice of the assertion of any such claim, liability, demand, allegation, cause of action or other threat, the Company shall pay the Executive the cost of his defense by a counsel mutually acceptable
to the Company and Executive, and shall be responsible for the full payment of any judgment including damages or penalties, including punitive damages or penalties, that may be assessed or payable as
a result of a settlement to which the Company and the Executive consent, including the deductible portion of any loss covered by Director and Officer Liability Insurance. 

5

 

Nothing
herein shall limit the rights of the Executive to the protections afforded by the Company's Directors and Officers Liability Insurance as in effect from time to time. 

        7.2. Compliance with Company Policies.    During the term of this Agreement, the Executive shall at all times comply with all
applicable Company policies and procedures, including the Company's Standards of Business Conduct. 

        7.3. Notices.    Any written notice, required or permitted under this Agreement, shall be deemed sufficiently given if either
hand delivered or if sent by fax or overnight courier. Written notices must be delivered to the receiving party at his or its address on the signature page of this Agreement. The parties may change
the address at which written notices are to be received in accordance with this section. 

        7.4. Assignment.    Executive may not assign, transfer, or delegate his rights or obligations hereunder and any attempt to do so
shall be void. This Agreement shall be binding upon and shall inure to the benefit of the Company and its successors and assigns and the term "Company" as used herein shall include such successors and
assigns to the extent applicable. 

        7.5. Entire Agreement.    This Agreement, including Exhibits A and B, contains the entire agreement of the parties with respect
to the subject matter hereof, and all other prior agreements, written or oral, are hereby superseded and are of no further force or effect; provided, however, that any and all prior agreements
covering the benefits described in Exhibit A shall continue in full force and effect in accordance with their terms. This Agreement may be modified or amended only by a written agreement that
is signed by the Company and Executive. No waiver of any section or provision of this Agreement will be valid unless such waiver is in writing and signed by the party against whom enforcement of the
waiver is sought. The waiver by the Company of any section or provision of this Agreement shall not apply to any subsequent breach of this Agreement. Captions to the various sections in this Agreement
are for the convenience of the parties only and shall not affect the meaning or interpretation of this Agreement. This Agreement may be executed in several counter-parts, each of which shall be deemed
an original, but together they shall constitute one and the same instrument. 

        7.6. Severability.    The provisions of this Agreement shall be deemed severable, and if any part of any provision is held
illegal, void, or invalid under applicable law such provision may be changed to the extent reasonably necessary to make the provision, as so changed, legal, valid and binding. If any provision of this
Agreement is held illegal, void, or invalid in its entirety, the remaining provisions of this Agreement shall not in any way be affected or impaired but shall remain binding in accordance with their
terms. 

        7.7 Withholding Taxes.    The Company may withhold from any amounts payable under this Agreement such Federal, state and local
taxes as may be required to be withheld pursuant to any applicable law or regulation. 

        7.8. Applicable Law.    This Agreement and the rights and obligations of the Company and Executive thereunder shall be governed
by and construed and enforced under the laws of the State of New York without regard to New York's conflict of laws rules. 

        [The
remainder of this page is intentionally left blank] 

6

 

        In
Witness Whereof, the parties have executed this Agreement effective as of the date first above written. 

	 	 	DYNCORP INTERNATIONAL LLC
	

 	
 	
By:	

/s/  STEPHEN J. CANNON      
 DynCorp International

Attn: President

8445 Freeport Pkwy

Irving, Texas 75063
	

with a copy to:	
 	

 	

Schulte Roth & Zabel LLP

Attn: Benjamin M. Polk, Esq.

919 Third Avenue

New York, NY 10022
	

 	
 	

Executive
	

 	
 	

By:	

/s/  ROBERT B. ROSENKRANZ      
 Robert B. Rosenkranz
	at:	 	 	DynCorp International

3190 Fairview Park Drive

Falls Church, VA 22042

7

 
 
 

EXHIBIT A
  
    BENEFITS FOR EXECUTIVE'S EMPLOYMENT AGREEMENT    
    

	1.
	Benefits,
including Disability, Long Term, Life Insurance, and Salary Continuation, no less favorable to the Executive than that set forth in the Enhanced Executive Benefit Program.

	2.
	Equity
in DIV Holding LLC in accordance with the terms set forth in the Amended and Restated Limited Liability Company Operating Agreement of DIV Holding LLC dated as of
February 11, 2005 as amended by Amendment No. 1 dated as of November 22, 2005 and Amendment No. 2 dated as of March 14, 2006, and as hereinafter amended from time to
time.

	3.
	Specialty
insurance (such as kidnap and ransom and company travel insurance) under which Executive was covered immediately preceding the commencement of the Term of this Agreement.

	4.
	Standard
medical plan options no less favorable to the Executive than that offered by the Company immediately preceding the commencement of the Term of this Agreement.

	5.
	Automobile
Allowance no less favorable to the Executive than that provided by the Company immediately preceding the commencement of the Term of this Agreement.

	6.
	Vacation
in accordance with the Company's Personal Time Off Policy.

	7.
	Standard
Company holidays plus two floating holidays.

	8.
	Executive
Incentive Compensation plan with terms no less favorable to the Executive than the Plan or practice in effect immediately preceding the commencement of the Term of this
Agreement.

	9.
	Director &
Officer Liability Insurance as maintained by the Company for the protection of the members of its Board of Directors.

	10.
	Annual
physical examination (to the extent not reimbursed by group health coverage.) 

8

 
 
 

EXHIBIT B
  
    RELEASE AND WAIVER OF CLAIMS    
    

        In consideration of the payments and other benefits set forth in the Employment Agreement dated April     , 2006, to which
this form is attached, I, Robert B. Rosenkranz, hereby furnish DynCorp International Inc. (the "Company"), with the following release and waiver
("Release and Waiver"). 

        I
hereby release, and forever discharge the Company, its officers, directors, agents, employees, stockholders, successors, assigns affiliates and benefit plans, all of their past and
present officers, directors, agents, and insurers, in all capacities, including individually (all of which organizations and persons are hereinafter collectively identified as the
"Company Parties"), from any and all claims, demands, actions, indemnities, liabilities, or obligations of whatever kind and nature, which I may have
had, may now have, or may hereafter claim to have through the date this Release and Waiver is executed, whether known or unknown, contingent or otherwise, at law or in equity, including, without
limitation, any claim arising at any time prior to and including my employment termination date with respect to any claims relating to my employment and the termination of my employment, all
compensation and benefits relating to my employment (including but not limited to, claims for salary, bonuses, commissions, stock, stock options, vacation pay, fringe benefits, severance pay or any
form of compensation); any claim of discrimination based on my race, color, religion, sex, national origin, or disability, if any; any claim that the Company Parties have violated any federal, state
or local statute, regulation, or ordinance with respect to my employment or the cessation thereof, including, without limitation, Title VII of the Civil Rights Act of 1964, 42 U.S.C. §
1981, the Employee Retirement Income Security Act of 1974, the Family and Medical Leave Act, and the ordinances of the County
                         and the City of
                        ; any claim that the Company Parties have wrongfully terminated my employment or breached any oral,
written, express, or implied employment agreement; any
claim that the Company Parties have intentionally or negligently inflicted emotional distress, mental anguish or humiliation on me; any claim of the breach of any implied covenant of good faith and
fair dealing; any claim of damages, monetary or other personal relief, and/or attorney's fees in any administrative and/or judicial proceeding initiated by me, by any third party on my behalf, or by
any governmental authority prior to or following my execution of this Release and Waiver; any claim of libel, slander and/or defamation of character; any retaliation, "whistleblower," or public policy
claim; and any other claim of whatever kind not specifically identified in this Release and Waiver; provided, however, that this release does not extend to and will not release the Company from any of
its obligations under the Employment Contract or Exhibit A thereof. 

        I
acknowledge that, among other rights, I am waiving and releasing any rights I may have under ADEA, that this Release and Waiver is knowing and voluntary, and that the consideration
given for this Release and Waiver is in addition to anything of value to which I was already entitled as an Executive of the Company. I further acknowledge that I have been advised, as required by the
Older Workers Benefit Protection Act, that: (a) the Release and Waiver granted herein does not relate to claims which may arise after this Release and Waiver is executed; (b) I have the
right to consult with an attorney, at my expense, prior to executing this Release and Waiver (although I may choose voluntarily not to do so); (c) I have twenty-one (21) days
from the date of termination of my employment with the Company in which to consider this Release and Waiver (although I may choose voluntarily to execute this Release and Waiver earlier); (d) I
am entitled to revoke my consent to this
Release and Waiver within seven (7) days following the execution of this Release by delivering written revocation notice to
                         at
[Address] and (e) this Release and Waiver shall not be effective until the seven (7) day revocation period has expired. If I timely revoke this Release and Waiver
after signing it, this Release and Wavier will become null and void and the Company will have no obligation to provide me any of the consideration given for this Release and Waiver. 

9

QuickLinks

EMPLOYMENT AGREEMENT

EXHIBIT A BENEFITS FOR EXECUTIVE'S EMPLOYMENT AGREEMENT

EXHIBIT B RELEASE AND WAIVER OF CLAIMS

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]