Air and Ocean Freight Forwarding. As a freight forwarder, we conduct business as an indirect carrier for our clients or occasionally as an authorized agent for an airline or ocean carrier. We typically act as an indirect carrier with respect to shipments of freight unless the volume of freight to be shipped over a
EX-10.40 4 a39793exv10w40.htm EXHIBIT 10.40 exv10w40
Exhibit 10.40
EXECUTION COPY
FIRST AMENDMENT AGREEMENT
TO
TO
Re: Note Purchase Agreement Dated as of July 13, 2006
Dated as of
October 11, 2006
October 11, 2006
To the holders listed in Schedule A to
this First Amendment Agreement (the Holders")
this First Amendment Agreement (the Holders")
Ladies and Gentlemen:
Reference is made to the Note Purchase Agreement dated as of July 13, 2006 among UTi Worldwide Inc., an international business company incorporated under the laws of the British Virgin Islands with IBC No. 141257 (the Company), each of the Subsidiary Guarantors party thereto, and the Purchasers named in Schedule A thereto (the Existing Note Purchase Agreement), pursuant to which U.S.$200,000,000 aggregate principal amount of its 6.31% Senior Unsecured Guaranteed Notes due July 13, 2011 (the Notes) were issued and are currently outstanding. The Existing Note Purchase Agreement, as amended hereby, is referred to as the Note Purchase Agreement.
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company requests the amendment of a certain provision of the Existing Note Purchase Agreement as hereinafter provided.
Upon your acceptance hereof in the manner hereinafter provided and upon satisfaction of all conditions to the effectiveness hereof, this First Amendment Agreement shall constitute a contract between us amending the Existing Note Purchase Agreement, as of the Closing Date (hereinafter defined), but only in the respects hereinafter set forth:
SECTION 1. AMENDMENT TO EXISTING NOTE PURCHASE AGREEMENT.
Section 10.5(d) of the Existing Note Purchase Agreement shall be and is hereby amended in its entirety to read as follows:
(d) any Lien listed in column 7 (Security) of Schedule 5.15 provided that all Liens listed in Part 2 of Schedule 5.15 are released by no later than the date falling 4 months from the date of this Agreement;
UTi Worldwide Inc. | First Amendment Agreement |
SECTION 2. CONDITIONS PRECEDENT.
This First Amendment Agreement shall not become effective until, and shall become effective on, the business day when each of the following conditions shall have been satisfied (the Closing Date):
(a) The Holders shall have received this First Amendment Agreement, duly executed by each Obligor.
(b) The Required Holders shall have consented to this First Amendment Agreement as evidenced by its execution hereof.
(c) The representations and warranties of the Obligors set forth in Section 3 hereof shall be true and correct in all material respects as of the date of the execution and delivery of this First Amendment Agreement.
(d) Any consents or approvals from any holder or holders of any outstanding security of ay Obligor or any Subsidiary and any amendments of agreements pursuant to which any securities may have been issued which shall be necessary to permit the consummation of the transactions contemplated hereby shall have been obtained and all such consents or amendments shall be reasonably satisfactory in form and substance to the Holders and their special counsel.
(e) The Obligors shall have paid the fees and disbursements of the Holders special counsel, Chapman and Cutler LLP, incurred in connection with the negotiation, preparation, execution and delivery of this First Amendment Agreement and the transactions contemplated hereby which fees and disbursements are reflected in the statement of such special counsel delivered to the Company at the time of the execution and delivery of this First Amendment Agreement.
(f) All corporate and other proceedings in connection with the transactions contemplated by this First Amendment Agreement and all documents and instruments incident to such transactions shall be satisfactory to you and your special counsel, and you and your special counsel shall have received all such counterpart originals or certified or other copies of such documents as you or they may reasonably request.
(g) Each Holder shall have received a fully executed copy of the letter dated October 11, 2006 from ABN Amro Bank N.V. to the Company which amends the Credit Agreement, in a form which is satisfactory in form and substance to the Required Holders (the October Amendment to Credit Agreement).
SECTION 3. REPRESENTATIONS AND WARRANTIES.
Each Obligor, jointly and severally, hereby represents and warrants that as of the date hereof and as of the date of execution and delivery of this First Amendment Agreement:
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UTi Worldwide Inc. | First Amendment Agreement |
(a) Each Obligor is duly organized and validly existing under the laws of its jurisdiction of organization.
(b) This First Amendment Agreement and the transactions contemplated hereby are within the corporate powers of each Obligor, have been duly authorized by all necessary corporate action on the part of each Obligor and this First Amendment Agreement has been duly executed and delivered by each Obligor and constitutes legal, valid and binding obligations of each Obligor enforceable in accordance with its terms.
(c) Each Obligor represents and warrants that there are no Defaults or Events of Default under the Existing Note Purchase Agreement immediately before giving effect to this First Amendment Agreement nor under the Note Purchase Agreement, immediately after giving effect to this First Amendment Agreement.
(d) The execution, delivery and performance of this First Amendment Agreement by each Obligor does not and will not result in a violation of or default under (A) the articles of association or bylaws of any Obligor, (B) any material agreement to which any Obligor is a party or by which it is bound or to which any Obligor or any of their properties is subject, (C) any material order, writ, injunction or decree binding on any Obligor, or (D) any statute, regulation, rule or other law applicable to any Obligor in any material respect.
(e) No authorization, consent, approval, exemption or action by or notice to or filing with any court or administrative or governmental body (other than periodic filings with regulatory authorities, none of which are required to be filed as of the effective date of this First Amendment Agreement and all of which the Company agrees to timely file) is required in connection with the execution and delivery of this First Amendment Agreement or the consummation of the transactions contemplated thereby.
(f) No Obligor has paid or agreed to pay any fees or other consideration, or given any additional security or collateral, or shortened the maturity or average life of any indebtedness or permanently reduced any borrowing capacity, in each case, in connection with the obtaining of any consents or approvals in connection with the transactions contemplated hereby including, without limitation thereof in connection with the Credit Agreement, other than the payment of legal fees of counsel to the lenders and agents under the October Amendment to Credit Agreement.
(g) Each Subsidiary of the Company which is a borrower or guarantor under the Credit Agreement as of the date hereof is a Subsidiary Guarantor hereunder.
(h) All Liens listed under the heading Indebtedness Secured by a Security to be Released within 3 Months set forth in Part 2 (Security) of Schedule 5.15 of the Existing Note Purchase Agreement have been released, with the exception of the Liens set forth in Schedule 3(h) attached hereto.
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UTi Worldwide Inc. | First Amendment Agreement |
SECTION 4. MISCELLANEOUS.
Section 4.1 Except as amended herein, all terms and provisions of the Existing Note Purchase Agreement, the Notes, the Subsidiary Guarantee Agreement and related agreements and instruments are hereby ratified, confirmed and approved in all respects.
Section 4.2. Any and all notices, requests, certificates and other instruments, including the Notes, may refer to the Note Purchase Agreement without making specific reference to the First Amendment Agreement, but nevertheless all such references shall be deemed to include the First Amendment Agreement unless the context shall otherwise require.
Section 4.3. This First Amendment Agreement and all covenants herein contained shall be binding upon and inure to the benefit of the respective successors and assigns of the parties hereunder.
Section 4.4 This First Amendment Agreement shall be governed by and construed in accordance with New York law excluding choice-of-law principles of the law of such State that would require the application of the laws of a jurisdiction other than such State.
Section 4.5. The capitalized terms used in this First Amendment Agreement shall have the respective meanings specified in the Note Purchase Agreement unless otherwise herein defined, or the context hereof shall otherwise require.
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UTi Worldwide Inc. | First Amendment Agreement |
The execution hereof by the Holders shall constitute a contract among the Obligors and the Holders for the uses and purposes hereinabove set forth. The First Amendment Agreement may be executed in any number of counterparts, each executed counterpart constituting an original but all together only one agreement.
UTi WORLDWIDE INC. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UTi (U.S.) LOGISTICS HOLDINGS INC. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UTi (AUST) PTY LIMITED | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UTi AFRICA SERVICES LIMITED | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory |
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UTi Worldwide Inc. | First Amendment Agreement |
UNIGISTIX INC | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UTi, CANADA, INC. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
COMMERCE CUSTOMS BROKERS AND FREIGHT FORWARDERS LTD. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
W. J. BONDY CUSTOMS BROKERS LIMITED | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
AMBASSADOR BROKERAGE LIMITED | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory |
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UTi Worldwide Inc. | First Amendment Agreement |
UTi FRANCE S.A.R.I. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UTi DEUTSCHLAND GmbH | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UTi (HK) LTD. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UTi NEDERLAND B.V. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
SERVICIOS LOGISTICOS INTEGRADOS SLI, S.A. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory |
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UTi Worldwide Inc. | First Amendment Agreement |
UNIÓN DE SERVICIOS LOGÍSTICOS INTEGRADOS, S.A. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UTi (TAIWAN) LIMITED | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UTi WORLDWIDE (UK) LIMITED | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UTi, (U.S.) HOLDINGS, INC. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory |
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UTi Worldwide Inc. | First Amendment Agreement |
UTi, UNITED STATES, INC. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UTi, SERVICES, INC. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UTi BROKERAGE, INC. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UTi LOGISTICS, INC. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
VANGUARD CARGO SYSTEMS, INC. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory |
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UTi Worldwide Inc. | First Amendment Agreement |
UTi, INTEGRATED LOGISTICS, INC. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
MARKET INDUSTRIES, LTD. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
MARKET TRANSPORT, LTD. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
TRIPLE EXPRESS, INC. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
IN TRANSIT, INC. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory |
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UTi Worldwide Inc. | First Amendment Agreement |
MARKET LOGISTICS SERVICES, LTD. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
MARKET LOGISTICS BROKERAGE, LTD. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
SAMMONS TRANSPORTATION, INC. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
LAKE STATES TRUCKING, INC. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UNITED EXPRESS, LTD. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory |
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UTi Worldwide Inc. | First Amendment Agreement |
AFRICAN INVESTMENTS B.V. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UTi ASIA PACIFIC LIMITED | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
GODDARD COMPANY LIMITED | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UTi INTERNATIONAL, INC. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory |
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UTi Worldwide Inc. | First Amendment Agreement |
UTi (N.A.) HOLDINGS N.V. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
UTi (NETHERLANDS) HOLDINGS B.V. | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory | ||||
PYRAMID FREIGHT (PROPRIETARY) LIMITED | ||||
By: | /s/ Gerhard Bosua | |||
Name: | Gerhard Bosua | |||
Its: Authorized Signatory |
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UTi Worldwide Inc. | First Amendment Agreement |
This foregoing First Amendment Agreement is hereby accepted and agreed to as of the date aforesaid.
PRINCIPAL LIFE INSURANCE COMPANY, ON BEHALF OF ONE OR MORE SEPARATE ACCOUNTS | ||||
By: | Principal Global Investors, LLC, | |||
a Delaware limited liability company, | ||||
its authorized signatory | ||||
By: | /s/ Alan P. Kress | |||
Name: | Alan P. Kress | |||
Title: | Counsel | |||
By: | /s/ Christopher J. Henderson | |||
Name: | Christopher J. Henderson | |||
Title: | Vice President & Senior Investment Counsel | |||
PRINCIPAL LIFE INSURANCE COMPANY | ||||
By: | Principal Global Investors, LLC, | |||
a Delaware limited liability company, | ||||
its authorized signatory | ||||
By: | /s/ Alan P. Kress | |||
Name: | Alan P. Kress | |||
Title: | Counsel | |||
By: | /s/ Christopher J. Henderson | |||
Name: | Christopher J. Henderson | |||
Title: | Vice President & Senior Investment Counsel |
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UTi Worldwide Inc. | First Amendment Agreement |
RGA REINSURANCE COMPANY, a Missouri corporation | ||||
By: | Principal Global Investors, LLC, | |||
a Delaware limited liability company, | ||||
its authorized signatory | ||||
By: | /s/ Alan P. Kress | |||
Name: | Alan P. Kress | |||
Title: | Counsel | |||
By: | /s/ Christopher J. Henderson | |||
Name: | Christopher J. Henderson | |||
Title: | Vice President & Senior Investment Counsel | |||
AVIVA LIFE INSURANCE COMPANY | ||||
By: | Principal Global Investors, LLC, | |||
a Delaware limited liability company, | ||||
its authorized signatory | ||||
By: | /s/ Alan P. Kress | |||
Name: | Alan P. Kress | |||
Title: | Counsel | |||
By: | /s/ Christopher J. Henderson | |||
Name: | Christopher J. Henderson | |||
Title: | Vice President & Senior Investment Counsel |
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UTi Worldwide Inc. | First Amendment Agreement |
THE BANK OF NEW YORK, as trustee for the Scottish Re (U.S.), Inc. and Security Life of Denver Insurance Company Security Trust by agreement dated | ||||
December 31, 2004 | By: | Principal Global Investors, LLC, | ||
a Delaware limited liability company, | ||||
its authorized signatory | ||||
By: | /s/ Alan P. Kress | |||
Name: | Alan P. Kress | |||
Title: | Counsel | |||
By: | /s/ Christopher J. Henderson | |||
Name: | Christopher J. Henderson | |||
Title: | Vice President & Senior Investment Counsel | |||
VANTISLIFE INSURANCE COMPANY, a Connecticut company | ||||
By: | Principal Global Investors, LLC, | |||
a Delaware limited liability company, | ||||
its authorized signatory | ||||
By: | /s/ Alan P. Kress | |||
Name: | Alan P. Kress | |||
Title: | Counsel | |||
By: | /s/ Christopher J. Henderson | |||
Name: | Christopher J. Henderson | |||
Title: | Vice President & Senior Investment Counsel |
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UTi Worldwide Inc. | First Amendment Agreement |
METROPOLITAN LIFE INSURANCE COMAPNY | ||||
By: | /s/ C. Scott Inglis | |||
Name: | C. Scott Inglis | |||
Title: | Managing Director | |||
GATEWAY RECOVERY TRUST | ||||
By: | Principal Investment Management, Inc., as Asset Manager | |||
By: | /s/ Signature Illegible | |||
Name: | ||||
Title: | Vice President | |||
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY | ||||
By: | Principal Investment Management, Inc., as Asset Manager | |||
By: | /s/ Signature Illegible | |||
Name: | ||||
Title: | Vice President | |||
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA | ||||
By: | /s/ Signature Illegible | |||
Name: | ||||
Title: | Vice President |
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UTi Worldwide Inc. | First Amendment Agreement |
THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY | ||||
By: | /s/ Howard Stern | |||
Name: | Howard Stern | |||
Its Authorized Representative | ||||
CONNECTICUT GENERAL LIFE INSURANCE COMPANY | ||||
By: | CIGNA Investments, Inc. (authorized agent) | |||
By: | /s/ Leonard Mazlish | |||
Name: | Leonard Mazlish | |||
Title: | Managing Director | |||
LIFE INSURANCE COMPANY OF NORTH AMERICA | ||||
By: | CIGNA Investments, Inc. (authorized agent) | |||
By: | /s/ Leonard Mazlish | |||
Name: | Leonard Mazlish | |||
Title: | Managing Director | |||
GENWORTH LIFE INSURANCE COMPANY | ||||
By: | /s/ Stephen R. DeMotto | |||
Name: | Stephen R. DeMotto | |||
Title: | Investment Officer |
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UTi Worldwide Inc. | First Amendment Agreement |
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | ||||
By: | Babson Capital Management LLC as Investment Adviser | |||
By: | /s/ Mark A. Ahmed | |||
Name: | Mark A. Ahmed | |||
Title: | Managing Director | |||
IDS LIFE INSURANCE COMPANY | ||||
By: | /s/ Thomas W. Murphy | |||
Name: | Thomas W. Murphey | |||
Title: | Vice President Investments |
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UTi Worldwide Inc. | First Amendment Agreement |
NAME OF HOLDER | PRINCIPAL AMOUNT | |
OF OUTSTANDING NOTES | ||
HELD AS OF OCTOBER 11, 2006 | ||
PRINCIPAL LIFE INSURANCE COMPANY, ON BEHALF OF ONE OR MORE SEPARATE ACCOUNTS | U.S. $19,020,000 | |
PRINCIPAL LIFE INSURANCE COMPANY | U.S.$8,100,000 | |
RGA REINSURANCE COMPANY | U.S.$4,000,000 | |
AVIVA LIFE INSURANCE COMPANY | U.S.$3,000,000 | |
AVIVA LIFE INSURANCE COMPANY | U.S.$2,000,000 | |
AVIVA LIFE INSURANCE COMPANY | U.S.$1,000,000 | |
SCOTTISH RE US SECURITY LIFE OF DENVER | U.S.$1,880,000 | |
VANTISLIFE INSURANCE COMPANY | U.S.$1,000,000 | |
METROPOLITAN LIFE INSURANCE COMPANY | U.S.$37,000,000 | |
GATEWAY RECOVERY TRUST | U.S.$15,000,000 | |
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY | U.S.$8,650,000 | |
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA | U.S.$6,350,000 | |
THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY | U.S.$30,000,000 | |
CONNECTICUT GENERAL LIFE INSURANCE COMPANY | U.S.$7,600,000 | |
CONNECTICUT GENERAL LIFE INSURANCE COMPANY | U.S.$4,400,000 |
A-1
NAME OF HOLDER | PRINCIPAL AMOUNT | |
OF OUTSTANDING NOTES | ||
HELD AS OF OCTOBER 11, 2006 | ||
CONNECTICUT GENERAL LIFE INSURANCE COMPANY | U.S.$3,700,000 | |
CONNECTICUT GENERAL LIFE INSURANCE COMPANY | U.S.$1,900,000 | |
CONNECTICUT GENERAL LIFE INSURANCE COMPANY | U.S.$1,400,000 | |
CONNECTICUT GENERAL LIFE INSURANCE COMPANY | U.S.$1,000,000 | |
LIFE INSURANCE COMPANY OF NORTH AMERICA | U.S.$10,000,000 | |
GENWORTH LIFE INSURANCE COMPANY | U.S.$11,000,000 | |
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | U.S.$10,000,000 | |
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | U.S.$1,000,000 | |
IDS LIFE INSURANCE COMPANY | U.S.$11,000,000 |
A-2
Security or | Overdraft | |||||||||||||||||||||||||||||||||||
Overdraft | Performance | guarantee | Facilities | |||||||||||||||||||||||||||||||||
Facilities | Guarantees | guarantees | supporting the | Local | (Local | Guarantees | ||||||||||||||||||||||||||||||
Borrower | Country | Lender | (USD equiv) | (USD equiv) | (USD equiv) | facility | Currency | Currency) | Local currency) | |||||||||||||||||||||||||||
UT Worldwide | India | IDBI | 5,232,105 | 97,372 | Secured Accounts | INR | 235,000,000 | 4,373,447 | ||||||||||||||||||||||||||||
(India) Private | Receivable | |||||||||||||||||||||||||||||||||||
Limited | ||||||||||||||||||||||||||||||||||||
SLI Spain Logistic | Spain | BANCO SANTANDER | 1,260,000 | Secured Accounts | EURO | 1,000,000 | ||||||||||||||||||||||||||||||
Receivable | ||||||||||||||||||||||||||||||||||||
UTi Logistics AB | Sweden | Foreningssparbanken | 662,118 | 14,839 | Mortgage Loan | SEK | 4,890,400 | 109,600 | ||||||||||||||||||||||||||||
Total: | 7,154,223 | 112,211 |
SCHEDULE 3(h)
(to First Amendment Agreement)