TERMINATION AGREEMENTTermination Agreement • June 21st, 2010 • Intelligroup Inc • Services-computer integrated systems design • New Jersey
This TERMINATION AGREEMENT (this “Agreement”) is made this 14th day of June, 2010, by and among Intelligroup, Inc., a New Jersey corporation (the “Company”), SB Asia Infrastructure Fund L.P., a Cayman Islands limited partnership (“SB Asia”), and Venture Tech Assets Ltd., a corporation organized under the Laws of the British Virgin Islands (“Venture Tech” and, together with the Company and SB Asia, the “Parties” and each a “Party”).
AgreementAgreement • June 21st, 2010 • Intelligroup Inc • Services-computer integrated systems design
This Agreement, dated June 13, 2010, by and between Intelligroup, Inc. (the “Company”) and Vikram Gulati (the “Executive”) extends the term of that certain Employment Agreement, dated June 30, 2005, as amended (the “Existing Employment Agreement”), by and between the Company and the Executive. The Existing Employment Agreement will terminate on June 30, 2010. The Company and the Executive agree that the term of the Existing Employment Agreement shall be extended through the earlier of (i) the effective date of that certain new employment agreement to be executed between the Company and the Executive in connection with the execution of that certain Agreement and Plan of Merger by and among the Company, NTT DATA CORPORATION and Mobius Subsidiary Corporation (the “Merger Agreement”) and (ii) the termination of the Merger Agreement in accordance with its terms. Except as set forth above, all other terms and conditions of the Existing Employment Agreement remain in full force and effect.
