EXECUTION COPY
 
November 4, 2007
Mr. Charles O. Prince
399 Park Avenue
New York, NY 10022
 
Dear Chuck:
 
This Letter Agreement, together with the attachment hereto (collectively, the
“Agreement”), reflects our mutual understanding with respect to your separation
from employment as a result of your retirement from Citigroup Inc. (the
“Company”, and together with its subsidiaries and their affiliates, “Citigroup”)
and sets forth the payments and benefits that you will be eligible to receive
under this Agreement.
 
1.  Resignation. You have advised us that you will resign from the Board of
Directors of the Company, and from your position as Chairman of the Board and
Chief Executive Officer of the Company effective as of the close of business on
November 5, 2007 (the “Resignation Date”). Effective with such resignation, you
will no longer be a member of any board or internal management committee of the
Company or Citigroup and you will have no authority to take any action on behalf
of or otherwise bind the Company or Citigroup. You agree to make yourself
available to the Chairman of the Board and the Acting Chief Executive Officer of
the Company, on such basis as you and the Company determine to be reasonable, to
provide active advice with respect to the conduct of the Company’s business
through December 31, 2007 (the “Retirement Date”).
 
2.  Payments Through the Retirement Date. Until the close of business on the
Retirement Date, you will continue to receive (a) salary payments at your
current annual base salary rate (less applicable withholdings and deductions),
paid in accordance with the Company’s payroll practices in the ordinary course
and (b) the benefits at the level and of the type you currently receive. Your
participation in the Citigroup Senior Officer Security Program will end at, and
you will continue to be covered by the Stock Ownership Commitment, the Loan
Policy, and the Personal Trading Policy until, the close of business on the
Retirement Date.
 
3.  Post-Termination Health and Welfare Benefits. Following the Retirement Date,
you will be eligible for applicable medical and other benefits pursuant to the
terms of the applicable plans and any changes thereto, and additional
information concerning such benefits will be provided to you under separate
cover.
 

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4.  Other Payments and Benefits. If within 22 days after the Resignation Date
you sign the General Release in the form attached hereto as Attachment A
(“General Release”) and it becomes effective, you will receive the following
payments and benefits, subject to the conditions and restrictions and in the
manner and time frames described in this paragraph 4. You acknowledge and agree
that certain of the payments and benefits described herein differ from and are
in excess of the total payments and benefits you would otherwise be eligible to
receive upon retirement, absent this Agreement.
 
(a)  Notwithstanding anything to the contrary contained in the equity
compensation plans or programs or award documents governing the outstanding
employee stock options granted to you from the Company, all such options that
are unvested as of the Retirement Date will vest in full as of the Retirement
Date, and provided you comply with the provisions of paragraph 8 below, your
options will remain exercisable for a period of 2 years following the Retirement
Date, but in any event no later than the original expiration date of the option.
Any sale restriction on shares distributed to you in connection with your
exercise of employee stock options will no longer apply following the Retirement
Date.
 
(b)  The deferred stock awards granted to you from the Company under the Capital
Accumulation Program (“CAP”) on January 20, 2004, January 18, 2005, January 17,
2006 and January 16, 2007 (i.e., all basic, premium and supplemental shares)
will fully vest upon the Effective Date (as defined below) of the General
Release and will be delivered to you on January 2, 2008.
 
(c)  The restricted stock award granted to you from the Company on July 15, 2003
will vest and the restrictions thereon will lapse on the Effective Date of the
General Release on a pro rata basis reflecting the period from July 15, 2003
through December 31, 2007.
 
(d)  You will receive a pro-rated incentive award for the 2007 compensation year
(the “Incentive Award”) in the form of a cash payment in a gross amount not less
than the following. The pre-tax nominal value of the aggregate award package you
received in early 2007 for the 2006 compensation year will be multiplied by the
Total Shareholder Return Percentage defined below and will be pro-rated by
10/12. The Incentive Award will not be subject to CAP (but will be subject to
applicable withholdings and deductions) and will be paid on the date in early
2008 that incentive awards are paid to the other senior executives of the
Company. For purposes of this paragraph 4(d), the Total Shareholder Return
Percentage means (i) 100% plus or minus (ii) total shareholder return for the
Company for the 2007 calendar year determined by (A) subtracting the closing
price of a share of common stock of the Company (a “Share”) on the last trading
day of 2007 from the closing price of a Share of common stock of the Company
stock on the last trading day of 2006 (“Starting Price”); (B) adding the
aggregate ordinary dividends paid in respect of a Share during 2007; and (C)
dividing the result by the Starting Price.
 
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5.  Post-Termination Services.
 
(a)  In consideration of your agreements herein, including the covenants in
paragraphs 8, 10, 11 and 12 below, the Company will provide you with an office
in midtown Manhattan (in such location as you and the Company shall mutually
agree), an administrative assistant, and a car and driver, in each case on a
continuing basis reasonably comparable to that provided to you currently, until
the earlier of (i) December 31, 2012 or (ii) the date you commence full-time
employment with another employer.
 
(b)  To the extent that any or all of such post-termination services described
in this paragraph 4(d) are subject to federal, state or local taxes (“Taxes”),
the Company will make additional payments (“Additional Payment”) to you or on
your behalf to the appropriate tax authority, as determined by the Company, such
that the Taxes associated with these services and the Taxes associated with the
Additional Payment do not give rise to an out-of-pocket tax cost to you.
 
6.  Pension, 401(k) Plans and Other Plans and Programs. (a) The Company
acknowledges that your account balances under the Company’s qualified and
non-qualified pension plans in which you are a participant, including the
Citigroup Pension Plan, the Primerica Supplemental Executive Retirement Plan,
the Travelers Group Inc. Retirement Benefit Equalization Plan and 401(k) plan
are already 100% vested and shall remain unaffected by this Agreement.
Additional information concerning your pension and 401(k) plan benefits will be
provided to you under separate cover.
 
(b)  Any other amounts or benefits that are vested benefits or that you are
otherwise entitled to receive under any plan, policy, practice or program of the
Company or a member of Citigroup (including expense reimbursements and accrued
vacation) shall be payable to you in accordance with such plan, policy, practice
or program; provided that in no event shall you be entitled to any severance pay
under any such plan, program, practice or policy.
 
7.  Citigroup Credit Card. You agree to pay any unpaid, outstanding balance due
on your Citigroup business credit card as soon as practicable following the
Retirement Date.
 
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8.  Non-Compete and Non-Solicitation of Citigroup Employees and Clients.
 
(a)  For a period of five (5) years following the Retirement Date, you will not,
without the Company’s written consent, directly or indirectly, yourself or on
behalf of a third party, take any intentional action to solicit, recruit, hire,
employ engage or induce or encourage any individual who was a Senior Manager of
Citigroup (as described in the Five Point Plan initiative as one of the top
3,000 employees) as of the Resignation Date to terminate his or her employment
with Citigroup and become employed or engaged as an owner, principal, partner,
member, officer, director, consultant, agent or representative elsewhere.
However, the foregoing restrictions shall not prohibit any entity with whom you
may have an employment, principal or consulting relationship (each an “Employing
Entity”) from (x) soliciting for employment (i) any persons (including Senior
Managers) who respond to a general solicitation or advertisement that is not
specifically directed to Citigroup employees or any specific group of Citigroup
employees; (ii) any persons (including Senior Managers) who are referred to such
Employing Entity by search firms or employment agencies; provided such search
firms and employment agencies have not been advised by you, directly or
indirectly, to approach such persons; (iii) any persons (including Senior
Managers) whose employment has been involuntarily terminated by Citigroup after
the Resignation Date; or (iv) your administrative assistants as of the
Resignation Date or (y) offering employment to any of the foregoing or to any
person who pursues such an offer without having been solicited by the Employing
Entity or by you.
 
(b)  For a period of five (5) years following the Retirement Date, you agree
that you will not directly or indirectly intentionally solicit or induce any
client of Citigroup with whom you had substantial contact during your employment
to terminate its relationship with Citigroup or to divert a significant portion
of its existing business to a competitor of Citigroup.
 
(c)  For a period of five (5) years following the Retirement Date, you agree
that you will not (whether as an employee, director, consultant or principal)
engage in any business that is in material competition with any of the Company’s
(or any subsidiary’s) business operations as of the Resignation Date; provided,
however, that for purposes of this paragraph 8(c), you shall not be deemed to be
engaged in activities or conduct that are in material competition with the
Company or its subsidiaries to the extent (i) you manage assets, directly or
indirectly, for charitable or civic causes or for yourself or your family
members; (ii) you are merely a passive investor in a competing entity; or (iii)
you are engaged in providing advice to an entity in a non-employee capacity with
respect to ethical, regulatory compliance, governance or similar matters,
including but not limited to procedures and practices designed to assist such an
entity in fulfilling its obligations in such regard.
 
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(d)  You acknowledge and agree that given the role and opportunity you have
enjoyed with the Company, the covenants contained in this paragraph 8 are
reasonable, constitute an important part of the Company’s consideration provided
to you under this Agreement, and will not unnecessarily or unreasonably restrict
your professional opportunities.
 
9.  Claims. You represent that as of the date you have signed this Agreement,
you have not filed, directly or indirectly, nor caused to be filed, any Claims
(as defined in the General Release) against Citigroup or the Releasees (as
defined in the General Release) in any forum, including federal, state or local
court or in arbitration, any administrative proceeding with any federal, state
or local administrative agency, or the Company’s dispute resolution procedure.
You agree that should any administrative agency or third party pursue any claims
on your behalf, you waive your right to any monetary or other recovery of any
kind.
 
10.  Non-Disparagement. (a) You agree not to disparage or denigrate Citigroup
or, subject to paragraph 10(b) below, its directors or executive officers orally
or in writing. The Company agrees not to disparage or denigrate you or your
agents, assignees, attorneys, family members, heirs, executors or administrators
orally or in writing, and agrees to use its reasonable best efforts to cause its
directors and executive officers not to disparage or denigrate you or your
agents, assignees, attorneys, heirs, executors or administrators.
 
(b)  Notwithstanding the foregoing provisions of this paragraph 10, it shall not
be a violation of this paragraph 10: (i) for any person to make truthful
statements when required by order of a court or other body having jurisdiction,
or as otherwise may be required by law or under an agreement entered into in
connection with pending or threatened litigation pursuant to which the party
receiving such information agrees to keep such information confidential or
(ii) for you to respond to any disparaging or denigrating comment made by any
director or executive officer.
 
11.  Proprietary Information. You agree to return all Citigroup property in your
possession, custody or control. You further agree that all proprietary or
confidential information or trade secrets concerning Citigroup or its
businesses, products, services or employees, including but not limited to
information concerning business strategies or plans, systems, products and
services and their development, technical information, marketing, trading,
investment, fund management and sales activities and procedures, promotion and
pricing techniques, cost, credit and financial data, and customer, client,
vendor, and employee information (“Proprietary Information”) is the exclusive
property of Citigroup. You agree that you have an ongoing obligation not to
disclose or use, either directly or indirectly, any such Proprietary Information
for any reason, unless required by a statute, by a court of law, by any
governmental agency or self-regulatory organization having supervisory authority
over Citigroup business, or by any administrative or legislative body (including
a committee thereof) with jurisdiction to order you to divulge, disclose or make
accessible such information. Prior to any disclosure, however, you shall give
notice to the Company’s General Counsel, 399 Park Avenue, New York, New York
10022, of any such request or demand for Proprietary Information promptly upon
your receipt of same and shall reasonably cooperate with Citigroup in any
application it may make seeking a protective order barring disclosure of such
Proprietary Information.
 
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12.  Cooperation. (a) You agree to cooperate with the Company and its attorneys
as may be reasonably required concerning any past, present or future legal
matters that relate to or arise out of your employment with the Company, with
the understanding that any meetings you are requested to attend are scheduled
during normal business hours at mutually agreeable times. You acknowledge that
you have advised the Company’s General Counsel of all facts of which you are
aware that constitute or might constitute violations of the Company’s ethical
standards or legal obligations. The Company agrees to reimburse you for any and
all reasonable costs and expenses (including but not limited to reasonable
attorney’s fees) you may incur in connection with such cooperation.
 
(b)  You shall be indemnified for acts and omissions occurring on or prior to
the Retirement Date to the fullest extent permitted under applicable law. The
Company agrees that for purposes of this paragraph 12(b) it shall interpret
and/or apply any provision of applicable law and the bylaws (including
advancement of expenses and, in this connection, you agree to sign an
appropriate undertaking as to the repayment of any such advances) with respect
to you in a manner consistent with how such provision is interpreted and applied
by the Company to then active executive officers of the Company. You shall be
covered under the Company’s directors’ and officers’ liability insurance
policies in effect from time to time on the same basis that other former
directors and officers are covered.
 
13.  Remedies.
 
(a)  In the event the Board of Directors of the Company determines that you are
in intentional and material breach of a covenant in paragraph 8, 10, 11 or 12
above, after written notice to you and your failure to cure the same within 90
days, you shall no longer be entitled to the benefits under paragraph 5 above.
 
(b)  Further, notwithstanding anything to the contrary in this Agreement, and
without limiting any remedies at law or in equity that may be available to the
Company or you as provided herein or otherwise, you and the Company acknowledge
and agree that a remedy at law for any breach or threatened breach of any
covenant contained in paragraph 8 above would be inadequate and monetary damages
would be difficult to calculate and that for any such breach or threatened
breach, a court of law may award an injunction, restraining order or other
equitable relief, restraining you from committing or continuing to commit such
breach.
 
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(c)  It is expressly understood and agreed that if a final determination is made
by a court of law that the time or any other restriction contained in paragraph
8 above is an unenforceable restriction against you, then the provisions of
paragraph 8 above shall not be rendered void but shall be deemed amended to
apply as to such maximum time and to such other maximum extent as such court may
determine or indicate to be enforceable. Alternatively, if any such court finds
that any restriction contained in paragraph 8 above is unenforceable, and such
restriction cannot be amended so as to make it enforceable, such finding shall
not affect the enforceability of any other provision of this Agreement.
 
(d)  Except as provided in subparagraph (b), any controversy, dispute or claim
arising out of or relating to this Agreement, any other agreement or arrangement
between you and the Company, your employment with the Company, or the
termination thereof (collectively, “Covered Claims”) shall be resolved by
binding arbitration, to be held in the Borough of Manhattan in New York City, in
accordance with the Commercial Arbitration Rules of the American Arbitration
Association.
 
(e)  In no event shall you be obligated to seek other employment or take any
other action by way of mitigation of the amounts payable under this Agreement.
There shall be no offset by the Company against your entitlements under this
Agreement for any compensation or other amounts that you earn from subsequent
employment or engagement of your services nor on account of any claim that
Citigroup may have against you. In no event shall the Company have a right to
offset against any account that you maintain with Citigroup, including, without
limitation, any brokerage account, on account of any claims arising under this
Agreement.
 
14.  Partial Invalidity. Except with respect to the attached General Release,
the invalidity or unenforceability of any provision of this Agreement shall have
no effect upon, and shall not impair the validity or enforceability of, any
other provision of this Agreement.
 
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15.  Compliance with the American Jobs Creation Act. Notwithstanding any
provisions to the contrary in this Agreement or in any equity or benefit plan
maintained by Citigroup, any payment otherwise required to be made to you on
account of your “separation from service”, within the meaning of the Section
409A Rules (as defined below), to the extent such payment (after taking into
account all exclusions applicable to such payment under the Section 409A Rules)
is properly treated as deferred compensation subject to the Section 409A Rules,
shall not be made until the first business day after (i) the expiration of six
(6) months from the date of your separation from service, or (ii) if earlier,
the date of your death (the “Delayed Payment Date”). On the Delayed Payment
Date, there shall be paid to you or, if you died, your estate, in a single cash
lump sum, an amount equal to aggregate amount of the payments delayed pursuant
to the preceding sentence. In the case of this Agreement and each plan under
which you are entitled to receive amounts treated as deferred compensation
subject to the Section 409A Rules and which provides for payment of such amounts
in the form of “a series of installment payments”, as defined in Treas. Reg. §
1.409A-2(b)(iii), (A) your right to receive such payments shall be treated as a
right to receive a series of separate payments under Treas. Reg. §
1.409A-2(b)(iii), and (B) to the extent this Agreement or such plan does not
already so provide, it is hereby amended to so provide, with respect to amounts
payable to you thereunder. For purposes of this paragraph 15, the “Section 409A
Rules” shall mean Section 409A of the Code, the regulations issued thereunder,
and all notices, rulings and other guidance issued by the Internal Revenue
Service interpreting same.
 
16.  Voluntary and Authorized Agreement.
 
(a)  You acknowledge and agree that (i) you have read and understand each of the
provisions of this Agreement (excluding the General Release, the “Letter
Agreement”); (ii) you are hereby advised to consult with an attorney prior to
signing this Letter Agreement; and (iii) you have at least 21 calendar days from
the date of this Letter Agreement to review and consider your decision to sign
it.
 
(b)  Once you sign this Agreement, you have 7 calendar days to revoke it. You
may do so by delivering to the Company’s General Counsel written notice of your
revocation within the 7-day revocation period. This Agreement will be a valid
and binding obligation of you on the 8th day after you sign it; provided that
you have not revoked it during the 7-day revocation period.
 
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(c)  The Company represents and warrants to you that (i) the execution, delivery
and performance of this Agreement and the consummation of the transactions
contemplated hereby have been duly and validly authorized and approved on behalf
of the Company by its Board of Directors and that all corporate action required
to be taken by the Company for the execution, delivery and performance of this
Agreement has been duly and effectively taken; (ii) the director or officer
signing this Agreement on behalf of the Company is duly authorized to do so;
(iii) the execution, delivery and performance of this Agreement by the Company
does not violate any applicable law, regulation, order, judgment, decree or
other obligation or any agreement, plan or corporate governance document to
which the Company is a party or by which it or its directors are bound; and (iv)
upon execution and delivery of this Letter Agreement by the parties, it shall be
a valid and binding obligation of the Company enforceable against it in
accordance with its terms, except to the extent that enforceability may be
limited by applicable bankruptcy, insolvency or similar laws affecting the
enforcement of creditors’ rights generally.
 
17.  Voluntary General Release.
 
(a)  You acknowledge and agree that (i) you will not sign the General Release
until on or after the Resignation Date; (ii) you are hereby advised to consult
with an attorney prior to signing the General Release; and (iii) you have at
least 21 calendar days from the date of this Agreement to review and consider
your decision to sign the General Release.
 
(b)  Once you sign the General Release, you will have 7 calendar days to revoke
it. You may do so by delivering to the Company’s General Counsel written notice
of your revocation within the 7-day revocation period. The General Release will
become effective on the 8th day after you sign it; provided that you have not
revoked it during the 7-day revocation period (“Effective Date”).
 
18.  Governing Law. This Agreement shall be governed by the laws of the State of
New York (regardless of conflict of laws principles) as to all matters including
without limitation validity, construction, effect, performance and remedies,
except to the extent that such laws are preempted by federal law.
 
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19.  Notices. All notices, requests and other communications under this
Agreement and the General Release will be in writing (including facsimile or
similar writing) to the applicable address (or to such other address as to which
notice is given in accordance with this paragraph 19).
 
If to you:
Charles O. Prince
[address redacted]
   
with a copy to:
Beverly F. Chase
Davis Polk & Wardwell
450 Lexington Avenue
New York, NY 10017
Facsimile: 212-450-3383
   
If to the Company
 
or Citigroup: 
Citigroup Inc.
399 Park Avenue
New York, NY 10022
Attention: General Counsel
Facsimile: (212) 793-5300

 
Each such notice, request or other communication will be effective only when
received by the receiving party.
 
20.  Transferability. This Agreement shall be binding upon any successor to the
Company, whether by merger, consolidation, purchase of assets or otherwise. No
provision of this Agreement is intended to confer any rights, benefits,
remedies, obligations or liabilities hereunder upon any person or entity, other
than the parties hereto and their respective successors and assigns, which in
your case will include your heirs and/or your estate.
 
21.  Counterparts. This Agreement may be executed in counterparts.
 
22.  Entire Agreement. This Agreement sets forth the entire agreement and
understanding relating to your employment relationship with and retirement from
the Company; supersedes all prior discussions, negotiations, and agreements
concerning your employment with the Company and separation therefrom; and may
not be amended except by mutual written agreement.
 

CITIGROUP INC.
 
By:
/s/ Lewis B. Kaden
 
November 4, 2007
   
Date
     

Attachment
 
YOU ARE HEREBY ADVISED BY THE COMPANY TO CONSULT WITH AN ATTORNEY BEFORE SIGNING
THIS LETTER AGREEMENT.
 
I HAVE READ THIS LETTER AGREEMENT AND UNDERSTAND ALL OF ITS TERMS. I SIGN AND
ENTER THIS LETTER AGREEMENT KNOWINGLY AND VOLUNTARILY, WITH FULL KNOWLEDGE OF
WHAT IT MEANS.
 

     
By:
/s/ Charles O. Prince
 
November 4, 2007
   
Date
     

 
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ATTACHMENT A
GENERAL RELEASE
 
In exchange for the payments and benefits set forth in the letter agreement
between Citigroup Inc. (the “Company”) and me dated November 4, 2007 (the
“Letter Agreement”), and to be provided following the Effective Date (as defined
below) of this General Release and subject to the terms of the Letter Agreement,
and my execution (without revocation) and delivery of this General Release on or
after the Resignation Date (as defined in the Letter Agreement):
 
1. (a) On behalf of myself, my agents, assignees, attorneys, heirs, executors,
and administrators, I hereby release Citigroup Inc. and its predecessors,
successors and assigns, its and their current and former parents, affiliates,
subsidiaries, divisions and joint ventures including but not limited to,
Citicorp and Citibank, N.A. (individually and collectively, “Citigroup”); and
all of their current and former officers, directors, employees, and agents, in
their capacity as Citigroup representatives (individually and collectively,
“Releasees”) from any and all controversies, claims, demands, promises, actions,
suits, grievances, proceedings, complaints, charges, liabilities, damages,
debts, taxes, allowances, and remedies of any type, including but not limited to
those arising out of my employment with the Company (individually and
collectively, “Claims”) that I may have by reason of any matter, cause, act, or
omission. This release applies to Claims that I know about and those I may not
know about occurring at any time on or before the date of execution of this
General Release.
 
(b) This General Release includes a release of all rights and Claims under, as
amended, Title VII of the Civil Rights Act of 1964, the Age Discrimination in
Employment Act of 1967, the Rehabilitation Act of 1973, the Civil Rights Acts of
1866 and 1991, the Americans with Disabilities Act of 1990, the Employee
Retirement Income Security Act of 1974, the Equal Pay Act of 1963, the Family
and Medical Leave Act of 1993, the Fair Labor Standards Act of 1938, the Older
Workers Benefit Protection Act of 1990, the Occupational Safety and Health Act
of 1970, the Worker Adjustment and Retraining Notification Act of 1989, the
Sarbanes-Oxley Act of 2002, the New York State Human Rights Act, and the New
York City Human Rights Act, as well as any other federal, state, or local
statute, regulation, or common law regarding employment, employment
discrimination, termination, retaliation, equal opportunity, or wage and hour. I
specifically understand that I am releasing Claims based on age, race, color,
sex, sexual orientation or preference, marital status, religion, national
origin, citizenship, veteran status, disability and other legally protected
categories.
 
(c) This General Release also includes a release of any Claims for breach of
contract, any tortious act or other civil wrong, attorneys’ fees, and all
compensation and benefit claims including without limitation Claims concerning
salary, bonus, and any award(s), grant(s), or purchase(s) under any equity and
incentive compensation plan or program, and separation pay under the Citigroup
Separation Pay Plan.
 

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(d) In addition, I am waiving my right to pursue any Claims against the Company
and Releasees under any applicable dispute resolution procedure, including any
arbitration policy.
 
I acknowledge that this General Release is intended to include, without
limitation, all Claims known or unknown that I have or may have against the
Company and Releasees through the Effective Date of this General Release.
Notwithstanding anything herein, I expressly reserve and do not release pursuant
to this General Release (and the definition of “Claims” will not include) (i) my
rights with respect to the enforcement of the Letter Agreement, including the
right to receive the payments, benefits and indemnifications specified in the
Letter Agreement; (ii) my rights to the vested benefits (including to
reimbursement of expenses) I may have, if any, under any Company or Citigroup
employee benefit plans and programs; (iii) any claim arising after the Effective
Date of this General Release and (iv) any right to indemnification pursuant to
paragraph 12(b) of the Letter Agreement, or the protections of Citigroup’s
directors and officers liability insurance pursuant to paragraph 12(b) of the
Letter Agreement, in each case, to the same extent provided to other senior
executives of the Company.
 
2. I acknowledge that I have had at least 21 calendar days from the date of
delivery of the Letter Agreement to consider the terms of the Letter Agreement
and this General Release, that I have been advised to consult with an attorney
regarding the terms of this General Release prior to executing it, that I fully
understand all of the terms and conditions of this General Release, that I
understand that nothing contained herein contains a waiver of claims arising
after the date of execution of this General Release, and I am entering into this
General Release knowingly, voluntarily and of my own free will. I further
understand that my failure to sign this General Release and return such signed
General Release to the General Counsel, Citigroup Inc., 399 Park Avenue, New
York, NY 10022 by 5:00 pm on the 22nd day after the Resignation Date will render
me ineligible for the payments and benefits described herein and in the
Agreement.
 
3. I understand that once I sign and return this General Release to the General
Counsel of Citigroup Inc., I have 7 calendar days to revoke it. I may do so by
delivering to the General Counsel, Citigroup Inc., 399 Park Avenue, New York, NY
10022 written notice of my revocation within the 7-day revocation period (the
“Revocation Period”). This General Release will become effective on the 8th day
after I sign and return it to the General Counsel of Citigroup Inc. (“Effective
Date”); provided that I have not revoked it during the Revocation Period.
 
YOU ARE HEREBY ADVISED BY THE COMPANY TO CONSULT WITH AN ATTORNEY BEFORE SIGNING
THIS GENERAL RELEASE.
 
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I HAVE READ THIS GENERAL RELEASE AND UNDERSTAND ALL OF ITS TERMS. I SIGN AND
ENTER THIS GENERAL RELEASE KNOWINGLY AND VOLUNTARILY, WITH FULL KNOWLEDGE OF
WHAT IT MEANS.
 

     
By:
/s/ Charles O. Prince
 
11-04-07
   
Date

 
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