Document:

EX-10.1

 Exhibit 10.1 

Execution Version 
 SECOND
AMENDMENT 
 TO AMENDED AND RESTATED LETTER OF CREDIT AND CASH DRAW AGREEMENT 

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

RECITALS 
 WHEREAS,
the Obligors have requested that the Issuing Bank agree to amend certain provisions of the Letter of Credit Agreement as provided for herein; and 

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

	SECTION I.	AMENDMENTS TO LETTER OF CREDIT AGREEMENT 

 Effective as of July 31, 2013, 

(a) Section 10.2 of the Letter of Credit Agreement is hereby amended by adding the following sentence as the last sentence of such
Section 10.2(a): 
 “Notwithstanding the foregoing, the Company shall not at any time (i) on or prior to
April 30, 2014, increase the aggregate amount of its annual dividend above U.S. $6,900,000 or (ii) declare or make any share repurchase at any time on or prior to the Compliance Date.” 

(b) The following definitions set forth in Schedule B to the Letter of Credit Agreement are hereby amended and restated by substituting the
following therefor: 
 “Consolidated EBITDA” means the consolidated net Pre taxation Profits of the Group
for a Measurement Period: 
  

	 	(a)	including the net Pre taxation Profits of a member of the Group or business or assets acquired by a member of the Group during that Measurement Period for the part of that Measurement Period when it was not a member of
the Group and/or the business or assets were not owned by a member of the Group; but 

	 	(b)	excluding the net Pre taxation Profits attributable to any member of the Group or to any business or assets sold during that Measurement Period, and 

 

	 	(c)	excluding any non-cash impairments or write-ups of intangible assets, and all as adjusted by: 

  

	 	(i)	adding back Consolidated Interest Payable; 

  

	 	(ii)	adding back depreciation and amortization; and 

  

	 	(iii)	adding back for (A) the Measurement Period ending July 31, 2013 up to U.S.$20,000,000 in severance charges incurred during such Measurement Period, (B) the Measurement Period ending October 31, 2013
up to U.S.$50,000,000 in severance charges incurred during such Measurement Period, (C) the Measurement Period ending January 31, 2014 up to U.S.$35,000,000 of severance charges incurred during such period and (D) the Measurement
Period ending April 30, 2014 up to U.S.$20,000,000 of severance charges incurred during such period. 

“Consolidated Total Debt” means, without duplication, 

 

	 	(a)	all Indebtedness of the Group on a consolidated basis plus 

  

	 	(b)	any liability arising from any deferred payment agreements arranged primarily as a method of raising finance or financing the acquisition of an asset; and 

 

	 	(c)	any Guaranty of a member of the Group with respect to liabilities of the type referred to in clause (b) above; 

minus 
  

	 	(d)	solely for each Measurement Period beginning with the Measurement Period ending July 31, 2013 and ending with the Measurement Period ending April 30, 2014, to the extent otherwise included therein, the amount
of the Capital Lease related to the Pharma Facility in an amount not to exceed U.S.$60,000,000. 

“Debt Service Ratio” means, for any Measurement Period the ratio of (a) Consolidated EBITDA less
distributions, dividends and redemptions on account of or with respect to capital stock or other equity interests of the Company or any Subsidiary (other than those (i) required to be paid under agreements entered into with Persons in order to
obtain or maintain BBBEE status and (ii) received by the Company or a Subsidiary during such Measurement Period) to (b) Consolidated Fixed Charges. Notwithstanding the foregoing, for the purposes of the definition of “Debt Service
Ratio” only, there shall be excluded from the calculation of Consolidated Fixed Charges to the extent otherwise included therein, (i) up to U.S.$2,100,000 paid by the Company in January, 2013 to satisfy the requirement to pay a make-whole
amount in connection with the prepayment of the 2009 Notes and (ii) solely for each Measurement Period beginning with the Measurement Period ending April 30, 2013 and ending with the Measurement Period ending April 30, 2014, up to an
aggregate of U.S.$6,000,000 in interest and scheduled principal payments under that certain Capital Lease related to that certain warehouse facility in South Africa constructed for the Company to support the Company’s pharmaceutical business in
the region (the “Pharma Facility”). 

  
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 (c) Schedule B to the Letter of Credit Agreement is hereby amended to include the following
definition: 
 “Compliance Date” means the date on which the Company has delivered financial statements and an officers
certificate pursuant to which it is demonstrated and certified that (i) the ratio of Consolidated Total Debt at any time to Consolidated EBITDA for the Measurement Period then or most recently ended has not exceeded 2.50 to 1.0 for two
(2) consecutive fiscal quarters and (ii) a Debt Service Ratio of at least 3.0 to 1.0 for two (2) consecutive fiscal quarters, in each of clauses (i) and (ii) above, excluding the effect of the amendments set forth in the
Second Amendment on such calculations. 
  

	SECTION II.	CONDITIONS TO EFFECTIVENESS 

 This Amendment shall become effective as of the date hereof
only upon the satisfaction of all of the following conditions precedent (the date of satisfaction of such conditions being referred to herein as the “Second Amendment Effective Date”): 

A. Execution. The Issuing Bank shall have received a counterpart signature page of this Amendment duly executed by each of the
Obligors. 
 B. Fees. The Issuing Bank shall have received (i) all fees and other amounts due and payable under the Letter of
Credit Agreement on or prior to the Second Amendment Effective Date, including, to the extent invoiced, reimbursement or other payment of all out-of-pocket expenses required to be reimbursed or paid by the Company hereunder or under any other
Financing Agreement and (ii) a non-refundable amendment fee of U.S. $15,000 which shall be fully earned when paid. 
 C. Other
Documents. The Issuing Bank shall have received such other documents, information or agreements regarding Obligors as the Issuing Bank may reasonably request. 
  

	SECTION III.	REPRESENTATIONS AND WARRANTIES 

 In order to induce the Issuing Bank to enter into this
Amendment and to amend the Letter of Credit Agreement in the manner provided herein, each Obligor which is a party hereto represents and warrants to the Issuing Bank that the following statements are true and correct in all material respects: 

A. Organization; Power and Authority. Each Obligor is a corporation or other legal entity duly incorporated or organized, validly
existing and, where legally applicable, in good standing under the laws of its jurisdiction of incorporation, and is duly qualified as a foreign corporation or other legal entity, where applicable, and, where legally applicable, is in good standing
in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing would not, individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect. Each Obligor has the corporate (or other organizational) power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute
and deliver the Letter of Credit Agreement as amended by this Amendment (the “Amended Agreement”) to which it is a party and to perform the provisions hereof. 

B. Authorization, Etc. The Amendment has been duly authorized by all necessary corporate or other entity action on the part of
each Obligor, and the Amendment constitutes a legal, valid and binding obligation of each Obligor party thereto enforceable against any such Obligor in accordance with its terms, except as such enforceability may be limited by (i) applicable
bankruptcy, insolvency, 

  
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reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at law). 
 C. No Conflict. The execution, delivery and performance by each
Obligor of the Amendment will not (a) contravene, result in any breach of, or constitute a default under, or result in the creation of any Lien in respect of any property of any Obligor or any Subsidiary under, any Material indenture, mortgage,
deed of trust, loan, purchase or credit agreement, lease, corporate charter, memorandum and articles of association, regulations or by-laws, or any other Material agreement or instrument to which any Obligor or any Subsidiary is bound or by which
any Obligor or any Subsidiary or any of their respective properties may be bound or affected, (b) conflict with or result in a breach of any of the terms, conditions or provisions of any Material order, judgment, decree, or ruling of any court,
arbitrator or Governmental Authority applicable to any Obligor or any Subsidiary or (c) violate any provision of any Material statute or other Material rule or regulation of any Governmental Authority applicable to any Obligor or any
Subsidiary. 
 D. Governmental Authorizations, Etc. Except as disclosed on Schedule 5.7 of the Amended Agreement, no
consent, approval or authorization of, or registration, filing or declaration with, any Governmental Authority is required in connection with the execution, delivery or performance by any Obligor of the Amendment, including, without limitation, any
thereof required in connection with the obtaining of Dollars to make payments under the Amended Agreement or any other Financing Agreement and the payment of such Dollars to Persons resident in the United States of America, except for the filing of
Form 8-K with the SEC. Except as disclosed on Schedule 5.7 of the Amended Agreement, it is not necessary to ensure the legality, validity, enforceability or admissibility into evidence in the Applicable Jurisdiction of the Amended Agreement or
any other Financing Agreement that any thereof or any other document be filed, recorded or enrolled with any Governmental Authority, or that any such agreement or document be stamped with any stamp, registration or similar transaction tax. 

E. Insolvency. As of the Second Amendment Effective Date: 

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

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

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

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

  
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	SECTION IV.	ACKNOWLEDGMENT AND CONSENT 

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

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

  

	SECTION V.	MISCELLANEOUS 

 A. Reference to and Effect on the Letter of Credit Agreement and the
Other Financing Agreements. 
 (i) On and after the Second Amendment Effective Date, each reference in the Letter of
Credit Agreement to “this Agreement”, “hereunder”, “hereof, “herein” or words of like import referring to the Letter of Credit Agreement, and each reference in the other Financing Agreements to the
“Agreement”, “thereunder”, “thereof” or words of like import referring to the Letter of Credit Agreement shall mean and be a reference to the Letter of Credit Agreement as amended by this Amendment. 

(ii) Except as specifically amended by this Amendment, the Letter of Credit Agreement and the other Financing Agreements shall
remain in full force and effect and are hereby ratified and confirmed. 
 (iii) The execution, delivery and performance of
this Amendment shall not constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of the Issuing Bank under, the Letter of Credit Agreement or any of the other Financing Agreements. 

B. Headings. Section and Subsection headings in this Amendment are included herein for convenience of reference only and shall not
constitute a part of this Amendment for any other purpose or be given any substantive effect. 

  
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 C. APPLICABLE LAW. THIS AMENDMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH,
AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW YORK EXCLUDING CHOICE-OF-LAW PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD PERMIT THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH
STATE. 
 D. Jurisdiction. Each Obligor irrevocably submits to the non-exclusive jurisdiction of any New York State or federal
court sitting in the Borough of Manhattan, The City of New York, over any suit, action or proceeding arising out of or relating to this Amendment or any other Financing Agreement. To the fullest extent permitted by applicable law, each Obligor
irrevocably waives and agrees not to assert, by way of motion, as a defense or otherwise, any claim that it is not subject to the jurisdiction of any such court, any objection that it may now or hereafter have to the laying of the venue of any such
suit, action or proceeding brought in any such court and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 

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

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

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

		 		 		 	Authorized Signatory

  
 [Signature Page to Second
Amendment] 

 SUBSIDIARY GUARANTORS: 

 

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

		 	Authorized Signatory

  
 [Signature Page to Second
Amendment] 

 
			
	NEDBANK LIMITED, acting through its London Branch, as Lender and Issuing Bank,
	as	 	
		
	By:	 	 /s/ H J Rolstone

	Name:	 	H J Rolstone
	Title:	 	Head, Corporate Banking, London
		
	By:	 	 /s/ K C Ryder

	Name:	 	K C Ryder
	Title:	 	Head Investment Banking, London

  
 [Signature Page to Second
Amendment]EX-10.2

 Exhibit 10.2 

AMENDMENT NO. 2 TO CREDIT AGREEMENT 

This AMENDMENT NO. 2 TO CREDIT AGREEMENT (“Amendment”) is entered into as of September 5, 2013 by and among UTi
WORLDWIDE, INC., a BVI Business Company incorporated under the laws of the British Virgin Islands (the “Borrower”), BANK OF THE WEST, a California banking corporation (the “Lender”), and each of the Subsidiary
Guarantors (as defined in the Credit Agreement identified below). 
 RECITALS 

A. Pursuant to that certain Credit Agreement dated as of June 24, 2011 by and among the Borrower, the Lender and each of the Subsidiary
Guarantors party thereto (as amended by an Amendment No. 1 to Credit Agreement dated as of June 5, 2013 and as further amended, extended and replaced from time to time, the “Credit Agreement”), the Lender agreed to extend
credit to the Borrower on the terms and subject to the conditions set forth therein. All capitalized terms not otherwise defined herein shall have the meanings given to such terms in the Credit Agreement. 

B. The Lender and the Borrower desire to modify certain definitions and to modify limitations on Restricted Payments in the Credit Agreement
on the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the foregoing Recitals and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1.
Amendments.  
 (a) Effective as of July 31, 2013, the definitions of “Consolidated EBITDA,” “Consolidated
Fixed Charges,” “Consolidated Total Debt” and “Debt Service Ratio” in Section 1.01 of the Credit Agreement are each hereby amended and restated in their entirety to read as follows: 

“Consolidated EBITDA” means the consolidated net Pre-taxation Profits of the Group for a Measurement Period: 

(a) including the net Pre-taxation Profits of a member of the Group or business or assets acquired by a member of the Group during that
Measurement Period for the part of that Measurement Period when it was not a member of the Group and/or the business or assets were not owned by a member of the Group; but 

(b) excluding the net Pre-taxation Profits attributable to any member of the Group or to any business or assets sold during that Measurement
Period, and 
 (c) excluding any non cash impairments or write ups of intangible assets, 

and all as adjusted by: 
 (i)
adding back Consolidated Interest Payable; 
 (ii) adding back depreciation and amortization; and 

 (iii) solely for each of the fiscal quarters identified below, adding back severance charges
taken by the Borrower in an aggregate amount for the Measurement Period then ending not to exceed the amount set next to such Measurement Period below: 
  

					
	 Measurement Period Ending
	  	Maximum Severance Charges Added	 
	 July 31, 2013
	  	$	20,000,000	  
	 October 31, 2013
	  	$	50,000,000	  
	 January 31, 2014
	  	$	35,000,000	  
	 April 30, 2014
	  	$	20,000,000	  

 “Consolidated Total Debt” means, without duplication, (a) all Indebtedness of the Group
on a consolidated basis plus (b) any liabilities arising from any deferred payment agreements arranged primarily as a method of raising finance or financing the acquisition of an asset plus (c) any Guaranty of a member of the Group with
respect to liabilities of the type referred to in clause (b) above minus (d) solely for each Measurement Period beginning with the Measurement Period ending July 31, 2013 and ending with the Measurement Period ending April 30,
2014, to the extent otherwise included therein, Indebtedness in an aggregate amount not to exceed US$60,000,000 under a Capital Lease related to that certain warehouse facility in South Africa constructed for the Borrower to support the
Borrower’s pharmaceutical business in the region. 
 “Debt Service Ratio” means, for any Measurement Period the ratio
of (a) Consolidated EBITDA less distributions, dividends and redemptions on account of or with respect to capital stock or other equity interests of the Borrower or any Subsidiary (other than those (i) required to be paid under agreements
entered into with Persons in order to obtain or maintain BBBEE status and (ii) received by the Borrower or a Subsidiary during such Measurement Period) to (b) Consolidated Fixed Charges. Notwithstanding the foregoing, for the purposes of
the definition of “Debt Service Ratio” only, there shall be excluded from the calculation thereof to the extent otherwise included therein, (i) up to U.S. $2,100,000 paid by the Borrower in January, 2013 to satisfy the requirement to
pay a make-whole amount in connection with the prepayment of the 2009 Notes and (ii) solely for each Measurement Period beginning with the Measurement Period ending April 30, 2013 and ending with the Measurement Period ending
April 30, 2014, up to an aggregate of US. $6,000,000 in interest and scheduled principal payments under a Capital Lease related to that certain warehouse facility in South Africa constructed for the Borrower to support the Borrower’s
pharmaceutical business in the region. 
 (b) New definitions of “Compliance Date” and “Second Amendment” are added in
correct alphabetical order to Section 1.01 of the Credit Agreement to read as follows: 
 “Compliance Date”
means the date on which the Borrower has delivered to the Lender a Compliance Certificate in accordance with Section 6.02 of this Agreement pursuant to which it is demonstrated and certified to the Lender that (i) the ratio of
Consolidated Total Debt at any time to Consolidated EBITDA for the Measurement Period then or most recently ended has not exceeded 2.50 to 1.00 for two (2) consecutive fiscal quarters and (ii) a Debt Service Ratio of at least 3.00 to 1.00
for two (2) consecutive fiscal quarters, in each of clauses (i) and (ii) above, excluding the effect of the amendments set forth in the Second Amendment to such calculations. 

“Second Amendment” means the Amendment No. 2 to Credit Agreement dated as of September 5, 2013 among the Borrower,
the Lender and the other parties thereto. 
 (c) Section 6.01 of the Credit Agreement is amended to add a new clause (j) at
the end thereof to read as follows: 
 (j) Monthly Statements. Promptly after the same are available and in any event within 30 days
after the end of each calendar month, internally prepared on a non-GAAP basis: (i) a consolidated income statement of the Borrower and its Subsidiaries, for such calendar month; (ii) consolidated balance sheet of the Borrower and its
Subsidiaries as of the last Business Day of such calendar month; (iii) schedule showing any outstanding revolving credit or letter of credit commitments, and any outstanding amounts under any debt agreement of the Borrower and its

  
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Subsidiaries as of the last Business Day of such calendar month; and (iv) consolidated statements of the balances of all accounts receivable owed to the Borrower and its Subsidiaries (other
than intercompany receivables) and an account aging schedule, in each case including a schedule comparing those items described above with the same corresponding items shown in the related projections delivered pursuant to the preceding clause
(i) wherever applicable. 
 (d) Section 7.02(a) of the Credit Agreement is amended by adding the following sentence as the
last sentence of such Section 7.02(a): 
 Notwithstanding the foregoing, the Borrower shall not at any time (i) on or prior
to April 30, 2014, increase the aggregate amount of its annual dividend above US$6,900,000 or (ii) declare or make any share repurchase at any time on or prior to the Compliance Date. 

(e) On or prior to October 7, 2013, the Borrower covenants and agrees with the Lender to use its best efforts to obtain a fully executed
copy of a Letter Agreement between Sumitomo Mitsui Banking Corporation (“SMBC”) and the Borrower with respect to the Loan Agreement dated October 17, 2012 (the “Sumitomo Facility”), in a form which is
substantially similar to the letter agreement between SMBC and the borrower executed in connection with the First Amendment (“Amendment to Sumitomo Bank Facility”). In the event the Borrower does not obtain the Amendment to Sumitomo
Bank Facility on or before such date, then on or before November 5, 2013, the Borrower shall provide to the Lender either an extension of the Sumitomo Facility or evidence of the payoff and termination thereof. 

2. Effective Date. This Amendment shall be effective as of the date first written above upon the date when: 

(a) the Lender shall have received this Amendment, duly executed by all parties signatory hereto; 

(b) the Lender shall have received evidence satisfactory to the Lender that each Reference Agreement with Commerzbank AG, Nedbank acting
through its London Branch, The Royal Bank of Scotland N.V. and the holders of the Borrower’s $150,000,000 4.10% Senior Unsecured Guaranteed Notes, Series A, due February 1, 2022 and U.S. $50,000,000 3.50% Senior Unsecured Guaranteed Notes,
Series B, due February 1, 2020 has been amended on terms and conditions satisfactory to the Lender; 
 (c) the Borrower shall have paid
to the Lender a non-refundable amendment fee of $10,000 which shall fully earned when paid; and 
 (d) the Borrower shall have paid to the
Lender all reasonable out-of pocket expenses incurred by the Lender in connection with this Amendment and such other fees and expenses as the Lender shall require to be paid in connection with this Amendment. 

3. Reaffirmation of the Loan Documents. Each Obligor by executing this Amendment as provided below, hereby affirms and agrees that:

 (a) The execution and delivery by it of and the performance of its obligations under this Amendment shall not in any way amend, impair,
invalidate or otherwise affect any of its obligations under the Loan Documents to which it is party except to the extent expressly amended hereby, 

(b) Except as expressly amended and waived hereby, the Loan Documents remain in full force and effect as written. 

4. Representations and Warranties. Each Obligor by executing this Amendment as provided below, hereby represents and warrants to the
Lender that: 
 (a) It has the requisite power and authority and the legal right to execute, deliver and perform this Amendment and has
taken all necessary corporate action to authorize the execution, delivery and performance of this Amendment. 

  
 -3- 

 (b) This Amendment has been duly executed and delivered on its behalf and constitutes its legal,
valid and binding obligation enforceable against it in accordance with its terms except as limited by bankruptcy and similar laws and general principles of equity. 

(c) After giving effect to this Amendment, there does not exist an Event of Default. 

(d) None of such Persons has any existing claims, counterclaims, defenses, personal or otherwise, or rights of setoff whatsoever with respect
to any of the Loan Documents, and the Loan Documents, as amended hereby, constitute valid, legal, binding and enforceable obligations of such Persons, as appropriate. 

5. No Other Amendment. Except as expressly amended hereby, the Credit Agreement and other Loan Documents shall remain in full force and
effect as written. 
 6. Counterparts. This Amendment may be executed in any number of counterparts, each of which when so
executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. 

[SIGNATURE PAGES FOLLOWS] 

  
 -4- 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the day
and year first above written. 
  

			
	BANK OF THE WEST
		
	By:	 	 /s/ Nino Cordoves

		 	Name: Nino Cordoves
		 	Title: Vice President

  
 -5- 

 
			
	UTi WORLDWIDE INC.
		
	By	 	 /s/ Lance E. D’Amico

		 	Duly Authorized Signatory (acting pursuant to, and in accordance with, an empowering resolution of the Board of Directors of UTi Worldwide Inc.)

  
 -6- 

 
			
	UTI (AUST) PTY LIMITED
	UTI BELGIUM N.V.
	UTI LOGISTICS N.V.
	UTI NETWORKS LIMITED
	UTI, CANADA, INC.
	UTI CANADA CONTRACT LOGISTICS INC.
	UTI DEUTSCHLAND GMBH
	UTI (HK) LIMITED
	UTI GLOBAL SERVICES B.V.
	UTI NEDERLAND B.V.
	UTI TECHNOLOGY SERVICES PTE. LTD.
	UTI WORLDWIDE (SINGAPORE) PTE LTD
	SERVICIOS LOGISTICOS INTEGRADOS SLI SA
	UTI IBERIA S.A.
	UTI WORLDWIDE (UK) LIMITED
	UTI INVENTORY MANAGEMENT SOLUTIONS INC.
	CONCENTREK, INC.
	INTRANSIT, INC.
	MARKET TRANSPORT, LTD.
	SAMMONS TRANSPORTATION, INC.
	UTI, UNITED STATES, INC.
	UTI INTEGRATED LOGISTICS, LLC
	KABUSHIKI KAISHA UTI
		
	By	 	 /s/ Lance E. D’Amico

		 	Authorized Signatory
	
	GODDARD COMPANY LIMITED
	PYRAMID FREIGHT (PROPRIETARY) LIMITED
	UTI INTERNATIONAL INC.
		
	By	 	 /s/ Lance E. D’Amico

		 	Duly Authorized Signatory (acting pursuant to, and in accordance with, an empowering resolution of the Board of Directors of UTi Worldwide Inc.)

  
 -7-

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