Document:

EX-10.1

 Exhibit 10.1 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is effective as of the 8th day of December, 2014 (the
“Effective Date”), between UTi, Services, Inc., a California corporation (the “Company”), and Ed Feitzinger (“Executive”). This Agreement amends and restates in all respects the Employment Agreement dated as of
October 1, 2012 between the Company and Executive (the “Prior Agreement”). 
 In consideration of the promises and covenants
set forth below, the parties hereto agree as follows: 
 1. Employment. The Company hereby agrees to continue to employ
Executive, and Executive hereby agrees to continue to accept such employment with the Company, provided that the terms and conditions of employment shall be as set forth in this Agreement rather than in the Prior Agreement, provided that all
restricted stock units, stock options and other equity-based compensation granted to Executive prior to the Effective Date shall remain outstanding in accordance with the existing terms thereof. As provided for herein, Executive agrees to also
perform services for UTi Worldwide Inc. (“UTi Worldwide”) and the related group of companies (UTi Worldwide, the Company and such related entities and companies are referred to herein collectively as the “UTi Group”) without
receiving separate consideration for such services. 
 2. Term. Executive’s continuing employment with the Company
shall be governed by the provisions of this Agreement for the period commencing on the date written above and continuing until such employment is terminated pursuant to this Agreement or this Agreement is terminated pursuant to the next sentence.
This Agreement may be terminated for any reason by either the Company or Executive giving written notification of an intention to terminate this Agreement to the other party, which written notification must be received at least six (6) months
prior to the termination date of this Agreement. The period during which the Executive provides services to the Company pursuant to this Agreement from and after the Effective Date shall be referenced in this Agreement as the “Employment
Period.”  
 3. Position and Duties. From and after the Effective Date, Executive agrees to serve as an employee
of the Company and as Chief Executive Officer of UTi Worldwide and in such other position or positions within other companies within the UTi Group as may be reasonably requested by the Company or any other member of the UTi Group and to perform
services for the UTi Group, all without any additional consideration. Executive shall perform Executive’s duties and obligations faithfully and diligently and shall devote all of Executive’s business time, attention and efforts exclusively
to the business of the UTi Group. Executive shall industriously perform Executive’s duties under the supervision of, and shall report to, the Board of Directors of UTi Worldwide (the “UTiW Board”). Executive shall accept and comply
with all lawful directions from and all policies established from time to time which are applicable to Executive. Executive shall adhere to the policies and procedures generally applicable to employees of the Company and the UTi Group.  

 4. Place of Performance. In connection with Executive’s employment by the
Company and except for required travel on UTi Group business, Executive shall be based at the Company’s executive offices in Long Beach, California.  

5. Compensation and Related Matters. 

(a) Salary. During the Employment Period, the Company shall pay Executive a salary of $800,000 per annum, subject to increase (but not
decrease) in the sole discretion of the Company. Such salary shall be paid in equal semi-monthly installments (or such other intervals as are standard for its other U.S.-based employees generally) and shall accrue daily. 

(b) Performance Bonus; Equity-Based Compensation. During the Employment Period, Executive shall be eligible (i) for consideration
for an annual cash performance bonus in accordance with the applicable terms of the bonus plan as in effect from time to time as determined by the UTiW Board and (ii) to participate in equity-based incentive plans in accordance with the terms
of such plans and as determined by the UTiW Board; provided, however that, with respect to clause (ii), the parties acknowledge that the equity awards granted to Executive pursuant to this Agreement shall be in lieu of any additional equity awards
that might otherwise be granted to Executive in the Company’s 2016 fiscal year. Notwithstanding the foregoing (i) Executive’s target bonus for the Company’s Fiscal Year 2015 (and the other terms and conditions thereof) shall
remain unaffected by this Agreement, and (ii) Executive’s target bonus for the Company’s Fiscal Year 2016 (“2016 Target Bonus”) shall be as follows: the target bonus amount shall be 200% of Executive’s base salary, with
the form of any payment thereunder to be paid to Executive as follows: (x) 50% in cash, and (y) 50% in the form of a restricted share unit award made under the applicable equity-based incentive plans of UTi Worldwide that shall vest with
respect to 50% on the first anniversary of the date of such award, and with respect to 50% on the second anniversary of the date of such award, conditioned in each case on Executive remaining in the employment of the Company through such vesting
dates (except as otherwise provided below and in the applicable award agreement), and shall in all other respects (including but not limited to potential accelerated vesting) be subject to the standard terms and conditions of restricted share unit
awards granted under the applicable equity-based incentive plan of UTi Worldwide. In the event Executive’s employment terminates due to death, disability (as defined below) or by the Company without Cause (as defined below) prior to the full
vesting of any restricted share units issued in connection with the 2016 Target Bonus, all such restricted share units shall vest in full as of the date of such termination event. For purposes of clarity, following the Company’s Fiscal Year
2016, any bonus payment or equity compensation award to Executive shall be at the discretion of the UTiW Board. 
 (c) Special RSU
Award. Executive shall receive a one-time restricted share unit award made under the applicable equity-based incentive plan of UTi Worldwide (the “Special RSU Award”) effective as of the close of business on December 10, 2014,
with respect to a number of shares of UTi Worldwide common stock having an aggregate value (determined based on the closing price of such stock on such date) equal to $600,000. The Special RSU Award shall vest in full on the fifth anniversary of the
date of grant of the Special RSU Award conditioned on Executive remaining in the employment of the Company through such anniversary date (except as otherwise provided below and in the applicable award agreement), and shall in all other respects
(including but not limited to potential accelerated vesting) be 

  
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subject to the standard terms and conditions of restricted share unit awards granted under the applicable equity-based incentive plan of UTi Worldwide. In the event Executive’s employment
terminates (1) due to death or disability prior to the vesting of the Special RSU Award, the Special RSU Award shall vest in full as of the date of such termination event and (2) due to termination by the Company without Cause prior to the
vesting of the Special RSU Award, the Special RSU Award shall vest on a pro-rata basis as of the date of such termination event, based on the ratio obtained by dividing the number of days that have elapsed from December 10, 2014 through the
Date of Termination (as defined below) by 1,825. 
 (d) Additional Equity Award. Executive shall receive additional one-time awards
of equity of UTi Worldwide effective as follows: (i) as of the close of business on December 10, 2014, a restricted share unit award made under the applicable equity-based incentive plan of UTi Worldwide with respect to a number of shares
of UTi Worldwide common stock having an aggregate value (determined based on the closing price of such stock on such date) equal to $400,000; such restricted share unit award shall vest in five equal installments (20% per installment) with the first
installment vesting on April 14, 2016, and remaining installments vesting on each of the next four succeeding anniversaries of April 14, 2016, conditioned in each case on the Executive remaining in the employment of the Company through
such dates (unless otherwise provided in the applicable award agreement), and shall in all other respects (including but not limited to potential accelerated vesting) be subject to the standard terms and conditions of restricted share unit awards
granted under the applicable equity-based incentive plan of UTi Worldwide; and (ii) on a date not later than January 31, 2015, a performance share unit award made under the applicable equity-based incentive plan of UTi Worldwide with
respect to a number of shares of UTi Worldwide common stock having an aggregate value (determined based on the closing price of such stock on December 10, 2014) equal to $1,200,000; the vesting of such performance share unit award shall be
subject to both a service condition and a performance condition as follows: (x) the service vesting condition shall be satisfied on April 14, 2017 conditioned on Executive remaining in the employment of the Company through such date
(unless otherwise provided in the applicable award agreement) and (y) the performance vesting condition shall be mutually agreed between Executive and the UTiW Board prior to the issuance date thereof, and shall in all other respects (including
but not limited to potential accelerated vesting) be subject to the standard terms and conditions of performance share unit awards granted under the applicable equity-based incentive plan of UTi Worldwide. 

(e) Vacations. During the Employment Period Executive shall be entitled to twenty (20) business days of vacation in each fiscal
year as established by applicable policies, and to compensation with respect to earned but unused vacation days determined in accordance with the applicable vacation policy. 

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

(i) Such expenditures qualify as proper business expenditures; 

  
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 (ii) Executive furnishes adequate documentary evidence for the substantiation of such
expenditures and Executive complies with all applicable policies with respect to expense reimbursement; 
 (iii) Reimbursement will be made
as soon as administratively practicable and in no event later than the last day of the calendar year following the calendar year in which the expenses were incurred; and 

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

6. Termination. 

(a) Termination for Cause. 

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

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

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

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

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

  
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 (d) Termination Other Than for Cause, Death or Disability. 

(i) The Company shall be entitled to terminate Executive’s employment at any time for any or no reason and without Cause and other than
on account of Executive’s death or disability pursuant to this Section 6(d); provided, however, that the Company must deliver to Executive a Notice of Termination not less than six (6) months prior to the Date of Termination set
forth therein. 
 (ii) If Executive’s employment is terminated pursuant to this Section 6(d), neither the Company nor any other
member of the UTi Group shall have any further obligation or liability to Executive except that Executive shall be entitled to (a) continue to receive Executive’s then current monthly salary and to participate in applicable medical, dental
and disability insurance plans, life insurance plans, retirement plans and other employee welfare and benefit plans or programs applicable to Executive in accordance with the terms and conditions of such plans or programs through the Date of
Termination, and (b) commencing upon the Date of Termination, receive the Accrued Benefits and payments equal to six (6) months of Executive’s then current monthly salary as set forth in Section 5(a), subject to the
condition set forth in Section 6(d)(iii) below. Subject to Section 23 below, such payments shall be payable in six equal monthly payments commencing within sixty (60) days after the Date of Termination. Executive shall not be
entitled to a bonus for the fiscal year during which the Notice of Termination is given; provided, however, Executive shall be entitled to receive any bonus earned for the previous fiscal year to the extent earned in accordance with its terms, but
which remains unpaid as of the Date of Termination. 
 (iii) Executive agrees that it is a condition precedent to the Company’s
obligations to pay the payments provided for in sub-clause (b) of Section 6(d)(ii) above that Executive execute a general release and waiver prepared by the Company releasing and forever discharging the Company and the other members
of the UTi Group and each and all of their respective owners, shareholders, members, predecessors, successors, assigns, agents, directors, officers and other representatives and their employee benefit plans and their fiduciaries and administrators,
and all of their related parties from any and all known and unknown claims, charges, complaints, liabilities, controversies, rights, demands, costs, and expenses and containing such other terms and conditions as the Company may reasonably determine,
and that such general release become effective and irrevocable within sixty (60) days following the Date of Termination. Executive agrees that Executive will not assign or transfer, or purport to assign or transfer, to any person any claim or a
portion thereof or any interest therein that Executive might have against the UTi Group. 
 (e) Termination of Employment Following a
Change of Control. 
 (i) If within twelve (12) months following a “Change of Control of UTi Worldwide” (as defined
below), (a) the Company terminates Executive’s employment other than for Cause or Executive’s death or disability, or (b) the Company terminates this Agreement pursuant to the second sentence of Section 2 above, then the
Company shall be obligated to pay to Executive or Executive’s estate the payments and benefits set forth in Section 6(e)(v). 

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

(iv) For purposes of this Agreement, Executive shall have “Good Reason” to terminate Executive’s employment pursuant to
Section 6(e)(iii) if: 
 (A) Without Executive’s written consent, the Company relocates Executive to a facility or location that
is outside an area within a radius of two hundred fifty (250) miles from the offices where Executive was based just prior to such Change of Control of UTi Worldwide, and Executive gives the Company written notice of Executive’s objection
to such relocation within ten (10) business days of being informed in writing of such relocation, and, following the 30-day period after it receives such notice, the Company still proceeds with the involuntary relocation of Executive; or

 (B) Without Executive’s written consent, the Company reduces Executive’s duties and responsibilities such that it results in a
material adverse reduction in Executive’s duties, authority or responsibilities, Executive gives the Company written notice of Executive’s objection to such reduction within ten (10) business days of being informed of such reduction,
and the Company fails to cure such material adverse reduction within thirty (30) days after written notice specifying the particular acts objected to and the specific cure requested by Executive is delivered to the Company by Executive. 

For purposes of clarity, Executive shall have “Good Reason” under Section 6(e)(iv)(B) above if UTi Worldwide no longer has its securities
registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). 
 (v) If Executive’s employment is
terminated under the provisions contained in this Section 6(e), neither the Company nor the UTi Group shall have any further obligation or liability to Executive except that Executive shall be entitled to receive (a) the Accrued Benefits,
(b) payments equal to twenty-four (24) months of Executive’s then current monthly salary as set forth in Section 5(a), and (c) a payment equal to (1) the amount of the target performance bonus established for
Executive for the fiscal year during which the Date of Termination occurs (but only to the extent such bonus remains unpaid at the time of Executive’s termination), multiplied by (2) 25%, if the Date of Termination occurs during the
Company’s first fiscal quarter, 50% if the Date of 

  
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Termination occurs during the Company’s second fiscal quarter, 75% if the Date of Termination occurs during the Company’s third fiscal quarter, and 100% if the Date of Termination
during the Company’s fourth fiscal quarter, subject in each case to the condition set forth in Section 6(e)(vi) below. For the purposes of clarity, if Executive’s employment is terminated under the provisions contained in this
Section 6(e), all bonus amounts payable under this Section that are to be paid in the form of restricted share units pursuant to Section 5(b) above shall instead be paid in cash. Subject to Section 23 below, the payments pursuant to
clause (b) above shall be payable in twenty-four (24) equal monthly installments commencing within sixty (60) days after the Date of Termination. 

(vi) Executive agrees that it is a condition precedent to the Company’s obligations to pay the payments provided for in sub-clauses
(b) and (c) of Section 6(e)(v) above that Executive execute a general release and waiver prepared by the Company releasing and forever discharging the Company and the other members of the UTi Group and each and all of their
respective owners, shareholders, members, predecessors, successors, assigns, agents, directors, officers and other representatives and their employee benefit plans and their fiduciaries and administrators, and all of their related parties from any
and all known and unknown claims, charges, complaints, liabilities, controversies, rights, demands, costs, and expenses (other than the obligations of the Company set forth in Section 6(e)(v)) and containing such other terms and conditions as
the Company may reasonably determine, and that such general release become effective and irrevocable within sixty (60) days following the Date of Termination. Executive agrees that Executive will not assign or transfer, or purport to assign or
transfer, to any person any claim or a portion thereof or any interest therein that Executive might have against the UTi Group. 
 (f)
Resignation by Executive. Executive shall be entitled to terminate Executive’s employment and the Employment Period at any time, for any or no reason, by delivering to the Company a Notice of Termination not less than
six (6) months prior to the Date of Termination set forth therein. During the period from the Notice of Termination until the Date of Termination, Executive and the Company acknowledge that they shall each continue to be bound by all
applicable employment procedures, policies, obligations and duties hereunder. 
 (g) Notice of Termination. Any termination of
Executive’s employment by the Company or by Executive (other than termination pursuant to Section 6(b) above) shall be communicated by a written Notice of Termination to the other party hereto. For purposes of this Agreement, a
“Notice of Termination” means a notice which (i) indicates the termination provision in this Agreement relied upon, and (ii) specifies the Date of Termination. 

(h) Date of Termination. “Date of Termination” shall mean the date of death, the date of the determination of a disability or
the employment termination date specified in the Notice of Termination, or such other date on which the Executive’s employment terminates, as the case may be. 

7. Exclusivity of Payments. Upon termination of Executive’s employment, Executive shall not be entitled to any payments or
other benefits from the Company, UTi 

  
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Worldwide or any other member of the UTi Group, other than the payments and benefits expressly provided in Section 6 of this Agreement. Executive’s right to receive payments
or benefits under this Agreement upon termination of employment will cease if Executive breaches any provision of Sections 8 or 9 below. 

8. Proprietary Information. 

(a) Definition. Executive hereby acknowledges that Executive possesses and may make use of, acquire, create, develop or add to certain
confidential and/or proprietary information regarding the UTi Group and its businesses and affiliates (whether in existence prior to, as of or after the date hereof, collectively, “Proprietary Information”), which Proprietary Information
shall include, without limitation, all of the following materials and information (whether or not reduced to writing and whether or not patentable or protected by copyright): trade secrets, inventions, processes, formulae, programs, technical data,
“know-how,” procedures, manuals, confidential reports and communications, marketing methods, product sales or cost information, new product ideas or improvements, customer-tailored solutions and other consulting products and processes, new
packaging ideas or improvements, research and development programs, identities or lists of suppliers, vendors or customers, financial information and financial projections or any other confidential or proprietary information relating to the UTi
Group and/or its business. The term “Proprietary Information” shall also include, without limitation, any confidential or non-public information of suppliers or customers of the UTi Group obtained by Executive in the course of
Executive’s employment or association with the Company or any other member of the UTi Group. The term “Proprietary Information” does not include any information that (i) at the time of disclosure is generally available to and
known by the public (other than as a result of its disclosure by Executive), (ii) becomes available to Executive on a lawful, non-confidential basis from a person other than the UTi Group or its suppliers or customers or its or their
representatives, provided that the source of such information was not known by Executive to be subject to an obligation of confidentiality or otherwise disclosed such information to Executive with the reasonable expectation that it would remain
confidential. 
 (b) Nondisclosure. During the term of this Agreement and thereafter, Executive will not, without the prior express
written consent of the UTiW Board, willfully disclose or make any use of any Proprietary Information except as may be required in the course of the performance of Executive’s services under this Agreement. 

(c) Agreement Not to Solicit Employees and Customers. To protect the Proprietary Information and trade secrets of the UTi Group,
Executive agrees, during the term of this Agreement and for a period of one (1) year after termination of this Agreement, not to, directly or indirectly, either on Executive’s own behalf or on behalf of any other person or entity,
(i) to attempt to persuade, induce or solicit or employ any person who is an employee of the UTi Group or otherwise encourage such employee to cease or terminate his or her employment with the UTi Group or (ii) use or otherwise disclose
any Proprietary Information in any attempt to persuade any customer of the UTi Group to cease to do business or to reduce the amount of business which any customer of the UTi Group has customarily done or contemplates doing with the UTi Group or to
expand its business with a competitor of the UTi Group. 

  
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 (d) Reasonableness. Executive agrees that the covenants and agreements contained in this
Section 8 are reasonable and necessary to protect the Proprietary Information of the UTi Group and that the covenants and agreements by Executive contained in this Section 8 shall be in addition to any other agreements and covenants Executive may
have agreed to in any other employee proprietary information, confidentiality, non-disclosure or other similar agreement and that this Section 8 shall not be deemed to limit such other covenants and agreements, all of which shall continue to survive
the termination of this Agreement in accordance with their respective terms. A breach of the terms and covenants of such other covenants and agreements shall be deemed to be a breach of the provisions of this Section 8 and this Agreement. 

9. Protection of Property. All records, files, manuals, documents, specifications, lists of customers, forms, materials,
supplies, computer programs and other materials furnished to the Executive by the UTi Group, used on its behalf or generated or obtained during the course of the performance of the Executive’s services hereunder, shall at all times remain the
property of the Company. Upon termination of Executive’s employment with the UTi Group, or at any other time upon request by the Company or any other member of the UTi Group, Executive shall immediately deliver to the UTi Group, or its
authorized representative, all such property, including all copies, remaining in Executive’s possession or control. 
 10.
Specific Performance. In the event of the breach by Executive of any of the provisions of Sections 8 or 9, the Company and the other members of the UTi Group, in addition to all other rights and remedies they may have, may apply to any
court of law or equity of competent jurisdiction for specific performance and/or injunctive or other relief to the extent authorized by law in order to enforce or prevent any violations of the provisions thereof and Executive waives any requirement
that the Company or any other member of the UTi Group post a bond or other surety. 
 11. Arbitration. The parties
hereto acknowledge that it is in their best interests to facilitate the informal resolution of any disputes arising out of this Agreement or otherwise by mutual cooperation and without resorting to litigation. As a result, if either party has a
legally recognized claim or dispute arising hereunder or otherwise, including but not limited to any claim for breach of any contract or covenant (express or implied), any dispute regarding Executive’s termination of employment, tort claims,
claims for harassment or discrimination (including, but not limited to, race, sex, religion, national origin, age, handicap or disability), claims for compensation or benefits (except where a benefit plan or pension plan or insurance policy
specifies a different claims procedure) and claims for violation of public policy or, any federal, state or other governmental law, statute, regulation or ordinance (except for claims involving workers’ compensation benefits), and the parties
are unable to reach agreement among themselves within thirty (30) days, then the parties agree to submit the dispute to JAMS for binding arbitration in accordance with its then-current employment rules and applicable law. If the parties are
unable to agree to an arbitrator, JAMS will provide the names of seven potential arbitrators, giving each party the opportunity to strike three names. The remaining arbitrator will serve as the arbitration panel. The parties agree that the
arbitration must be initiated within the time period of the statute of limitations applicable to the claim(s) if the claim(s) had been filed in Court. Arbitration may be initiated by the aggrieved party by sending written notice of an intent to
arbitrate by registered certified mail to all parties and to JAMS. The notice must contain a 

  
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description of the dispute, the amount involved and the remedies sought. All fees and expenses of the arbitrator will be borne by the Company. Each party will pay for the fees and expenses of
its own attorneys, experts, witnesses, and preparation and presentation of proofs and post-hearing briefs, unless the party prevails on a claim for which attorneys’ fees are recoverable by statute, in which case the arbitrator may award
attorneys’ fees and costs to the prevailing party. 
 12. Representation by Counsel; Miscellaneous. Executive
acknowledges that Executive has been given the opportunity to consult legal counsel and seek such advice and consultation as Executive deems appropriate or necessary. Nothing in this Agreement, including Section 8(b), shall be deemed to prevent
Executive from cooperating with any governmental investigation of the UTi Group, nor shall anything in this Agreement be deemed to restrict Executive’s applicable whistleblower rights (including under Rule 21F under the Exchange Act). 

13. Successors; UTi Group. This Agreement is personal to the Executive and is not assignable by the Executive. This Agreement
shall inure to the benefit of and be binding upon the Company and its successors and assigns. If a particular action is required to be taken, or a particular notice is required to be given, by the Company, and such action or notice is in fact taken
by, or such notice is in fact given by, UTi Worldwide or another member of the UTi Group, then such action or notice shall be deemed to have been taken or given by the Company. Notwithstanding anything to the contrary contained in this Agreement,
Executive agrees that Executive is an employee only of the Company (or it successors or assigns, if applicable) and not an employee of any other entity or member of the UTi Group. It is agreed that the Company may assign Executive to another member
of the UTi Group for payroll purposes. 
 14. Notice. For purposes of this Agreement, notices, demands and all other
communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered, or if sent by overnight, commercial air courier service, on the second business day after being delivered to the
air courier service, or if mailed, on the fifth day after being sent by first class, certified or registered mail, return receipt requested, postage prepaid, addressed as follows: 

 

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

 Such communications may also be delivered to such other address as any party may have furnished to the other in writing in
accordance herewith, except that notices of change of address shall be effective only upon receipt thereof. 
 15.
Section 280G. Subject to the last sentence of this Section 15, in the event that any payment or benefit received or to be received by Executive pursuant to this Agreement or under any other agreement, contract, award,
arrangement, etc. (collectively, the “Payments”) would result in a “parachute payment” as described in Section 280G of the Internal Revenue Code of 1986, as amended (or any successor provision), notwithstanding the other
provisions of this Agreement, or any other agreement, contract, award, arrangement, etc., such Payments shall 

  
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not, in the aggregate, exceed the maximum amount that may be paid to Executive without triggering golden parachute penalties under Section 280G and related provisions of the Internal
Revenue Code, as determined in good faith by the Company’s independent auditors. If any benefits must be reduced pursuant to the immediately preceding sentence in order to avoid triggering such penalties, they shall be reduced in the following
order: (a) reduction of cash Payments; (b) cancellation of Payments that represent accelerated vesting of performance-based equity awards; (c) cancellation of Payments that represent accelerated vesting of equity awards granted to the
Executive in the 12-month period of time preceding the applicable change in control, in the order such benefits were granted to the Executive; and (d) all remaining Payments shall be reduced pro-rata. Subject to the last sentence of this
Section 15, if any amount in excess of the limit set forth in this Section 15 is paid to Executive, Executive shall repay the excess amount to the Company on demand, with interest at the rate provided for in Internal Revenue Code
Section 1274(b)(2)(B) (or any successor provision). Company and Executive agree to cooperate with each other in connection with any administrative or judicial proceedings concerning the existence or amount of golden parachute penalties.
Notwithstanding anything in this Section 15 to the contrary, no reduction shall be applicable to any Payments unless such reduction increases the net amount Executive would realize from Payments, after payment of income and excise taxes on such
Payments. 
 16. Resignation from Positions. Upon Executive’s cessation of employment with the Company for any
reason, Executive agrees that Executive shall be deemed to have resigned as an officer and as a director from every entity and company of the UTi Group on which Executive is then serving as an officer or director, and any other entity or company on
which Executive is then serving as a director or officer at the request of the Company or any other member of the UTi Group, in each case effective as of the Date of Termination. In addition, if (a) Executive gives the Company notice that
either Executive desires to terminate this Agreement pursuant to Section 2 above or that Executive desires to terminate Executive’s employment pursuant to Section 6(f) above, or (b) the Company gives notice to Executive that
the Company desires to terminate this Agreement pursuant to Section 2 above or that the Company desires to terminate Executive’s employment pursuant to Section 6(d) above, then in each case Executive agrees that at the request of
either the Company or UTi Worldwide that Executive shall promptly resign, as requested by either the Company or UTi Worldwide, as an officer or director from every entity and company of the UTi Group on which Executive is then serving as an officer
or director, and any other entity or company on which Executive is then serving as a director or officer at the request of the Company or UTi Worldwide. Executive hereby grants the corporate secretary of UTi Worldwide an irrevocable power of
attorney to execute on behalf of Executive all such resignations and documents and instruments and take all such other actions as reasonably necessary to carry out the intention of this Section. 

17. Entire Agreement. This Agreement, together with the documents referenced herein, contains the entire agreement of the
parties hereto with respect to the subject matter hereof and supersedes any and all other offer letters, agreements and understandings, either oral or in writing, between the parties hereto with respect to the employment of Executive by the Company,
including but not limited to the Prior Agreement. Each party to this Agreement acknowledges that no representations, inducements, promises or agreements, written, oral or otherwise, have been made by any party, or anyone acting on behalf of any
party, which are not embodied herein, and that no other agreement, statement or promise not contained in this Agreement shall be valid or binding. 

  
 -12- 

 18. Amendment; Waiver; Governing Law. No provisions of this Agreement may be
modified, waived or discharged unless such waiver, modification or discharge is agreed to in a writing signed by Executive and by such officer of the Company as may be specifically designated by UTi Worldwide. No waiver by either party hereto at any
time of any breach by the other party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any
prior or subsequent time. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of California or if Executive is not employed in California, the jurisdiction where Executive is employed by the
Company. 
 19. Validity. The invalidity or unenforceability of any provision or provisions of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 

20. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original,
but all of which together will constitute one and the same instrument. 
 21. Survivability. The provisions in Sections
8, 9, 10, 11, 12, 14, 15, 16, 17, 18, 19 and 21 of this Agreement shall survive any termination of this Agreement. 
 22.
Withholding of Taxes; Tax Reporting. The Company may withhold from any amounts payable under this Agreement all such taxes, and may file with appropriate governmental authorities all such information, returns or other reports with respect
to the tax consequences of any amounts payable under this Agreement, as may, in its reasonable judgment, be required by law.  

23. Section 409A Compliance. Executive is solely responsible and liable for the satisfaction of any federal, state,
province or local taxes that may arise with respect to this Agreement (including any taxes arising under Section 409A of the Code, except to the extent otherwise specifically provided in a written agreement with the Company). Neither the
Company nor any of its employees, officers, directors, or service providers shall have any obligation whatsoever to pay such taxes, to prevent Executive from incurring them, or to mitigate or protect Executive from any such tax liabilities. To the
extent applicable, it is intended that this Agreement comply with the provisions of Section 409A of the Code. This Agreement will be administered and interpreted in a manner consistent with this intent, and any provision that would cause this
Agreement to fail to satisfy Section 409A of the Code will have no force and effect until amended to comply therewith (which amendment may be retroactive to the extent permitted by Section 409A of the Code). Notwithstanding anything
contained herein to the contrary, to the extent Executive is entitled to any payments under this Agreement that constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code on account of
Executive’s termination of employment, such amounts shall not be paid until Executive has incurred a “separation from service” from Employer within the meaning of Section 

  
 -13- 

 
409A of the Code. If, at the time of Executive’s termination of employment under this Agreement, Executive is a “specified employee” within the meaning of Section 409A of the
Code, any payments that constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code on account of Executive’s “separation from service” within the meaning of Section 409A of the
Code (including any amounts payable pursuant to the preceding sentence) will not be paid until after the end of the sixth calendar month beginning after Executive’s “separation from service” within the meaning of Section 409A of
the Code (the “409A Suspension Period”). Within 14 calendar days after the end of the 409A Suspension Period, Executive shall be paid a lump sum payment in cash equal to any payments delayed because of the preceding sentence, together with
interest on them for the period of delay at a rate not less than the average prime interest rate published in the Wall Street Journal on any day chosen by the Company during that period. Thereafter, Executive shall receive any remaining benefits as
if there had not been an earlier delay. In addition, for purposes of this Agreement, each amount to be paid or benefit to be provided to Executive pursuant to this Agreement shall be construed as a separate identified payment for purposes of
Section 409A of the Code. 
 [Signature page follows] 

  
 -14- 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above
written. 
  

							
	“Company”	 		 	 UTi, Services, Inc.,
 a
California corporation

				
		 		 	By:	 	 /s/ Lance E. D’Amico

		 		 	Name:	 	 Lance E. D’Amico

		 		 	Title:	 	 Vice President and Secretary

			
	“Executive”	 		 	 Edward G. Feitzinger

 GUARANTEE 

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

			
	 UTi Worldwide Inc.,
 a BVI
corporation

		
	By:	 	 /s/ Lance E. D’Amico

	Name:	 	 Lance E. D’Amico

	Title:	 	 Senior Vice President – Chief Legal Officer and Corporate Secretary

  
 -15- 

 EXHIBIT A TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

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

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

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

(iv) UTi Worldwide is dissolved or liquidated or a merger, reorganization, or consolidation involving UTi Worldwide is closed or consummated,
other than a merger, reorganization, or consolidation in which holders of the combined voting power of UTi Worldwide’s then outstanding securities that have the right to vote in the election of directors generally immediately prior to such
transaction own, either directly or indirectly, fifty percent (50%) or more of the combined voting power of the securities entitled to vote in the election of directors generally of the merged, reorganized or consolidated entity (or its parent
company) immediately following such transaction.EXHIBIT 10.1

 

EXECUTION VERSION

 

DEBT ASSUMPTION AND RELEASE AGREEMENT

 

This DEBT ASSUMPTION AND RELEASE AGREEMENT (this “Agreement”) is made as of the 31st day of December, 2014 (the “Assignment Date”), by and between Fuse Medical, LLC, a Delaware limited liability company (“Transferor”), World Health Industries, Inc., a Mississippi corporation, and WHIG Enterprises, LLC (aka WHIG, LLC), a Florida limited liability company (collectively, “Releasing Party”), and Fuse Medical, Inc., a Delaware corporation (“Transferee”).

 

RECITALS

 

A. As of the date of this Agreement, Transferor owes Releasing Party the amount outstanding set forth on Schedule A attached hereto (the “Outstanding Debt”).

 

B. As a result of its efforts to wind up its business, Transferor wishes to assign all of its rights and obligations with respect to the Outstanding Debt to its parent, Transferee, and Transferee wishes to accept such rights and assume such obligations, all as set forth below (the “Assignment”).

 

C. Immediately after the Assignment, in further consideration for Transferor permitting such Assignment, Transferee will issue 725,022 shares of Transferee’s common stock (the “Shares”) pursuant to a Debt Conversion Agreement, dated as of the date hereof, by and between Releasing Party and Transferee (the “Conversion Agreement”) to retire, in full, the Outstanding Debt.

 

NOW, THEREFORE, in consideration of the recitals and the mutual covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

 

1. Assignment.

 

(a) Transferor hereby irrevocably sells and assigns to Transferee, effective as of the Assignment Date, all of its liabilities, obligations and commitments with respect to the Outstanding Debt. On and after the Assignment Date, Transferee shall have the same rights, duties and obligations as Transferor had, as a borrower, and Transferor shall be irrevocably released from its obligations, liabilities and responsibilities with respect to the Outstanding Debt. All payments of interest, fees and other amounts or past due monies owed by Transferor (including but not limited to legal expenses incurred by Transferor) in respect of the Outstanding Debt shall be paid to Releasing Party by Transferee.

 

(b) Except as set forth in Section 3(a), Transferor does not make any representation or warranty of any kind to Releasing Party and, in particular, the financial condition or creditworthiness of Transferee or Transferor.

 

2. Assumption and Agreement to be Bound. Transferee hereby accepts, effective as of the Assignment Date, the assignment of all of Transferor’s liabilities, obligations and commitments with respect to the Outstanding Debt, and assumes and agrees to perform fully all of the obligations of Transferor with respect to the Outstanding Debt.

 

	 
	
1

	

 

3. Representations and Warranties.

 

(a) Transferee and Transferor hereby represent and warrant to one another, as applicable that as of the Assignment Date:

 

(i) Transferor is duly authorized and qualified to sell and assign the Outstanding Debt and transfer or assign the duties and obligations with respect to the Outstanding Debt. Transferee is duly authorized and qualified to purchase and accept the assignment of the Outstanding Debt and assume the duties and obligations with respect to the Outstanding Debt.

 

(ii) This Agreement is valid and binding on Transferee and Transferor and enforceable against Transferee and Transferor in accordance with its terms.

 

(b) Releasing Party hereby represents and warrants to Transferor and Transferee that, as of the Assignment Date, the Outstanding Debt constitutes all of the liabilities owed to it by Transferor immediately prior to the execution of this Agreement.

 

4. Conditions. This Agreement is conditioned and contingent upon Releasing Party and Transferee entering into the Conversion Agreement.

 

5. Release by Releasing Parties. Execution of this Agreement will automatically, by operation of this Agreement and without any further action on the part of the parties hereto, effect a release and discharge by Releasing Party and its affiliates and past, present and future officers, directors, shareholders, employees, agents, successors and assigns from all manner of action, cause and causes of action, suits, debts, sums of money, accounts, covenants, controversies, agreements, promises, damages, judgments, executions, costs, expenses, rights, claims or demands whatsoever, at law or in equity, existing at the date thereof, at any time before the date thereof, or thereafter arising, both anticipated and unanticipated, known and unknown, contingent and non-contingent, liquidated and non-liquidated, that Releasing Party has had, now has, then has or may have against Transferor or its affiliates or past, present or future officers, directors, shareholders, employees, agents, successors or assigns by reason of any cause or thing, arising or to arise, out of the Outstanding Debt and any and all agreements, purchase orders, invoices or other arrangements, written or oral, with respect to the relationship between Transferor and Releasing Party and concerning the Outstanding Debt. For purposes herein, “Releasing Party” shall be deemed to include any affiliate of the Releasing Party.

 

6. Waiver. Releasing Party hereby irrevocably waives its rights under any applicable statute, rule, regulation, legal principle or legal doctrine that provides that a general release does not extend to claims which a releasing party does not know or suspect to exist in its favor at the time of executing such release, which if known by Releasing Party, would have materially affected its settlement with the released party.

 

7. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY THE LAW OF THE STATE OF DELAWARE (REGARDLESS OF THE LAWS THAT MIGHT OTHERWISE GOVERN UNDER APPLICABLE DELAWARE PRINCIPLES OF CONFLICTS OF LAW) AS TO ALL MATTERS, INCLUDING, WITHOUT LIMITATION, MATTERS OF VALIDITY, CONSTRUCTION, EFFECT, PERFORMANCE AND REMEDIES.

 

	 
	
2

	

 

8. Miscellaneous.

 

(a) Headings. Article and Section headings have been inserted in this Agreement as a matter of convenience for reference only and it is agreed that such article and section headings are not a part of this Agreement and shall not be used in the interpretation of any provision of this Agreement.

 

(b) Entire Agreement. This Agreement embodies the entire agreement and understanding between the parties hereto and supersedes all prior agreements and understandings between the parties relating to the subject matter hereof.

 

(c) Further Assurances. Each of the parties hereby agree to execute and deliver such other instruments, and take such other action, as any party may reasonably request in furtherance of the transactions contemplated by this Agreement.

 

(d) Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties hereto, their respective successors and assigns. This Agreement may not be assigned without the consent of the other parties hereto.

 

(e) Counterparts. This Agreement may be executed by facsimile or other electronic signature, in counterparts, which, when taken together, shall constitute one and the same original.

 

[SIGNATURE PAGES FOLLOW]

 

	 
	
3

	

 

EXECUTION VERSION

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first above written.

 

	 	TRANSFEROR: 	 
	 	 	 	 
		FUSE MEDICAL, LLC, a Delaware limited liability company	
		 	 	
		By: 	/s/ Alan Meeker	 
	 	Name: 	Alan Meeker	 
	 	Title: 	Manager	 
	 	 	 	 
		 	 	
		
TRANSFEREE: 

	
		 		
		
FUSE MEDICAL, LLC, a Delaware limited liability company 

	
		 		
		By:	/s/ Alan Meeker	
		Name:	Alan Meeker	
		Title:	Chief Executive Officer	
				
			 	
		
RELEASING PARTY:

	
		
 

		
		
WORLD HEALTH INDUSTRIES, INC., a Mississippi corporation

	
		 		
		By:	/s/ Mitchell Chad Barrett	
		Name:	Mitchell Chad Barrett	
		Title:	CEO	
		 	 	
		 	  	
		
WHIG Enterprises, LLC, a Mississippi limited liability company

	
		 		
		By:	/s/ Mitchell Chad Barrett	
		Name:	Mitchell Chad Barrett	
		Title:	Manager	

   

[SIGNATURE PAGE TO DEBT ASSUMPTION AND RELEASE AGREEMENT]

 

	 
	
4

	

 

EXECUTION VERSION

 

Schedule A

 

OUTSTANDING DEBT SCHEDULE

 

	
Note

	
 

	
Maturity Date 

	 	Amount	 
	
Promissory Note dated February 6, 2014, payable to World Health Industries, Inc. and WHIG, LLC from Fuse Medical, LLC

	
 

	
2/6/2016

	 	
$

	
116,777.24

	 
	
Promissory Note dated May 23, 2014, payable to World Health Industries, Inc. and WHIG, LLC from Fuse Medical, LLC

	
 

	
5/23/2016

	 	
$

	
479,975.58

	 
	
Promissory Note dated January 14, 2014, payable to World Health Industries, Inc. and WHIG, LLC from Fuse Medical, LLC

	
 

	
1/14/2016

	 	
$

	
131,023.66

	 
	
TOTAL:

	
 

	
 

	 	
$

	
727,776.48 

	 

 

 

5

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