Document:

Exhibit 10.2

MASTER ASSIGNMENT AGREEMENT

THIS AGREEMENT is made on the eighth day of June 2007, between ISG Novasoft Technologies Limited (“ISGN”) a company incorporated under the Companies Act, 1956 and having its Registered office at “International Trade Tower”, ‘E’ Block, 14th Floor, Nehru Place, New Delhi – 110019, India (hereinafter referred to as “ the Assignor”, which expression shall mean and include its representatives, successors and permitted assigns) of the ONE PART;

AND

Intelligroup Asia Pvt. Ltd. a company incorporated under the Companies Act, 1956, and having its registered office at 5th, Floor (Blocks A & B), ILabs Centre, Plot No.18, Software Units Layout, Madhapur, Hyderabad (hereinafter referred to as “the Assignee” which expression shall mean and include its representatives, successors and permitted assigns) of the SECOND PART.

RECITALS:

WHEREAS 

1.                    The Assignor is engaged in the business of providing IT consultancy, support and such other services to its customers.

2.                    The Assignee is, inter alia, engaged in the business of providing IT consultancy, support and such other services to its customers; and

3.                    The Assignor wishes to assign and the Assignee wishes to accept such assignment of the rights and obligations under Contracts as in Part I and Employees as under Part II to this Agreement. 

IN CONSIDERATION of the respective representations and warranties hereinafter set forth and of the mutual covenants and agreements and Consideration contained herein THE PARTIES HEREBY AGREE AS FOLLOWS:

	
  
1.
  	
  
PRELIMINARY
  
	
  
 
  	
  
 
  
	
  
1.1
  	
  
Definitions
  
	
  
 
  	
  
 
  
	
  
1.1.1
  	
  
“Agreement”   shall mean this agreement, annexures including any written modification and   amendment thereof signed by the Parties.
  
	
  
 
  	
  
 
  
	
  
1.1.2
  	
  
“Contracts”   shall mean the contracts entered into with the parties by Assignor, as   identified in Schedule A including the rights and obligations arising out   of such contracts and the receivables and work in progress relating thereto.
  
	
  
 
  	
  
 
  
	
  1.1.3
  	
  
“Customers/Consultants”   means the parties referred to in Schedule A with whom the Assignor has   entered into the Contracts, including their successors and assigns.
  
	
  
 
  	
  
 
  
	
  
1.1.4
  	
  
“Closing”   shall mean the date agreed upon by the Parties, which shall be no later than   5 business days from the date on which the last of the Conditions Precedent   set out in this Agreement are satisfied on which date the Contracts and the   Employment Agreements stand assigned in favour of the Assignee in the manner   set out in this Agreement.
  
	
  
 
  	
  
 
  
	
  
1.1.5
  	
  
“Employment   Agreement” shall mean the employment agreement between each of the   Employees and the Assignor.
  

	
  
 
  	
  
 
 
	
  
1.1.6
  	
  
“Employees”   shall mean the employees as per the list set out in Schedule C hereto who are   working on the Contracts on behalf of the Assignor.
  
	
   
  	
  
 
  
	
  
1.1.7
  	
  
“Party”   - The term “Party” shall mean the Assignor and Assignee individually and the   “Parties” shall mean the Assignor and the Assignee jointly.
  
	
  
 
  	
  
 
  
	
  
1.1.8
  	
  
“Territory”   shall mean India.
  
	
  
 
  	
  
 
  
	
  
1.2
  	
  
Rules of Interpretation
  
	
  
 
  	
  
 
  
	
  
 
  	
  
In   this Agreement unless the context requires otherwise:
  
	
  
 
  	
  
 
  
	
  
1.2.1
  	
  
references   to statutes are to the statutes in force in India for the time being ;
  
	
   
  	
  
 
  
	
  
1.2.2
  	
  
references   to recitals and clauses are references to recitals and clauses of and to this   Agreement unless otherwise stated.
  
	
  
 
  	
  
 
  
	
  
1.3
  	
  
Headings
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   headings in this Agreement are inserted for convenience only and shall not be   taken into account in the construction of any provision of this Agreement.
  
	
  
 
  	
  
 
  
	
  
2.
  	
  
ASSIGNMENT AND CONSIDERATION
  
	
  
 
  	
  
 
  
	
  
2.1
  	
  
The   Assignor hereby agrees to assign and transfer the Contracts to the Assignee   on the Closing date, free and clear of any mortgage, lien, pledge, security,   interest, conditional sales agreement or other encumbrances of any kind   whatsoever, subject to the satisfaction of the Conditions Precedent, subject   to and in accordance with the provisions of Part I of the Agreement set out   below.
  
	
   
  	
  
 
  
	
  
2.2
  	
  
The   Assignor hereby agrees to assign and transfer the Employees to the Assignee   on the Closing date in accordance with the provisions of Part II of the   Agreement set out below, and shall cause each of the Employees to execute an   Amendment Agreement with the Assignee substantially in the form set out in Schedule B.
  
	
  
 
  	
  
 
  
	
  
2.3
  	
  
The   aggregate consideration for the assignment of the Contracts and Employment   Agreement pursuant to Part I and II    of this Agreement respectively, shall be as follows–
  

	
  
 
  	
  
(i)
  	
  
USD   100,000 to be paid upfront in cash by the Assignee to the Assignor on the   Closing, in free and clear funds without any deduction or withholding   whatsoever.
  

	
  
2.4
  	
  
The   Assignor shall be entitled to collect the payment directly from the Customers   against the bills of Assignor, for the work performed and services rendered   by the Assignor to the Customers pursuant to the Contracts up to and   including the Closing date.
  
	
  
 
  	
  
 
  
	
  
3.
  	
  
CLOSING
 
	
  
 
  	
  
 
  
	
  
 
  	
  
Subject to the terms and conditions
hereof, it is expected that the Closing shall take place at the offices of the
Assignee on July 15, 2007 or on such date or place as the Parties may agree upon
after the satisfaction of the Conditions Precedent. The 

	
  
 
  	
  
 
  
	
  
 
  	
  
Parties agree that the
Closing shall in any event take place within eight (8) weeks following the
execution of this Agreement failing which this agreement shall terminate without
any further act of the Parties.
 

	
  
4.
  	
  
CONDITIONS PRECEDENT FOR   OBLIGATIONS
  
	
  
 
  	
  
 
  
	
  
4.1
  	
  
Conditions   Precedent for Assignee’s obligations.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Each   of the obligations of the Assignee to be performed under this Agreement shall   be subject to the following conditions precedent:
  

	
  
 
  	
  
(i)
  	
  
That   the Assignor and the Customers/Consultants are in compliance of their   respective material obligations to each other under the Contracts up to the   date of Closing.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
That   the Contracts are valid, binding and enforceable in respect of each of the contracting   parties thereto.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(iii)
  	
  
That   the Assignor has provided a certificate counter signed by the respective   Customers/Consultants setting out percentage of work completed/remaining and   the amounts outstanding/due under or in respect of each of the Contracts.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(iv)
  	
  
That   the Assignor has duly obtained the written consent from each of the   Customers/Consultants approving the assignment of each of the Contracts in   favour of the Assignee.
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
(v)
  	
  
that   the representations and warranties made in this Agreement hereof remain true   and correct in all material respects as of the Closing.
  

	
  
4.2
  	
  
Conditions   Precedent for Assignor’s obligations.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Each   of the obligations of the Assignor to be performed hereunder shall be subject   to the conditions precedent that the representations and warranties of the   Assignee made in this Agreement hereof remain true and correct as on the   Closing.
  
	
  
 
  	
  
 
  
	
  
5.
  	
  
REPRESENTATIONS AND WARRANTIES
  
	
  
 
  	
  
 
  
	
  5.1
  	
  
ASSIGNOR’S REPRESENTATIONS AND   WARRANTIES
  
	
  
 
  	
  
 
  
	
  
5.1.1
  	
  
Organization   and Good Standing.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   Assignor is a company duly incorporated and validly existing under the laws   of India.
  
	
  
 
  	
  
 
  
	
  
5.1.2
  	
  
Authority
  
	
  
 
  	
  
 
  
	
  
 
  	
  
This   Agreement and all transactions contemplated hereby have been duly authorized   and all requisite corporate actions on the part of the Assignor which are   necessary in order to enable the Assignor to enter into and perform the same   have been obtained. This Agreement constitutes a valid and binding obligation   enforceable against the Assignor in accordance with its terms.
  
	
   
  	
  
 
  
	
  
5.1.3
  	
  
Approval.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   Assignor has the approval of all governmental or regulatory bodies required   for the Assignor under this Agreement. All such consents, permits, licenses,   orders and approvals are in full force and effect and no suspension or   cancellation of any of them, to the Assignor’s knowledge, is threatened, and   none of such consents, permits, licenses, orders or approvals will be   materially and adversely affected by this Agreement.
  

	
  
5.1.4
  	
  
Litigation.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
To   the best of the knowledge of Assignor, there are no material actions, suits,   proceedings or investigations pending or, threatened against the Assignor,   which affects or could reasonably be expected to affect the transactions   contemplated in this Agreement, before any state, statutory or regulatory   authority; and the Assignor is not operating in violation of or in default   with respect to, any judgment, order, writ, injunction or decree of any   court, state, statutory or regulatory authority.
  
	
   
  	
  
 
  
	
  
5.1.5
  	
  
Compliance   with Law.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   Assignor is not in violation of any laws or material governmental orders,   rules or regulations to which the Assignor is subject.
  
	
  
 
  	
  
 
  
	
  
5.1.6
  	
  
Disclosure.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
No   representations or warranties made by the Assignor in this Agreement omits to   state any material fact necessary to make such representations or warranties   not misleading.
  
	
  
 
  	
  
 
  
	
  
5.2
  	
  
ASSIGNEE’S REPRESENTATIONS AND   WARRANTIES
  
	
   
  	
  
 
  
	
  
5.2.1
  	
  
Organization   and Good Standing.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   Assignee is a   corporation duly incorporated, validly existing and in good standing under   the laws of India.
  
	
  
 
  	
  
 
  
	
  
5.2.2
  	
  
Corporate   Authority.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   Assignee has full authority and power to execute and to perform this   Agreement in accordance with its terms; the execution and delivery of this   Agreement and the consummation of the transactions contemplated hereby will   not result in a breach, violation or default or give rise to an event which,   with the giving of notice or the passage of time, would result in a breach,   violation or default of any of the terms or provisions of the Assignee’s   Certificate of Incorporation or By-Laws or of any other indenture, agreement,   judgment, decree or other instrument or restriction to which the Assignee is   a party or by which the Assignee may be bound; the execution and delivery of   this Agreement and the completion of the transactions contemplated hereby   have been duly authorized by all requisite corporate actions on the part of   the Assignee and no further authorization or approval, whether of the   shareholders or directors of the Assignee or
governmental bodies or   otherwise, is necessary in order to enable the Assignee to enter into and   perform the same; and this Agreement constitutes a valid and binding   obligation enforceable against the Assignee in accordance with its terms.
  
	
   
  	
  
 
  
	
  
5.2.3
  	
  
Governmental   Approval.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   Assignee has all permits, licenses, orders and approvals of all federal,   state, local and foreign governmental or regulatory bodies required for the   Assignee to consummate the transactions contemplated by this Agreement. All   such permits, licenses, orders and approvals are in full force and effect and   no suspension or cancellation of any of them, to the Assignee’ knowledge, is   threatened, and none of such permits, licenses, orders or approvals will be   materially and adversely affected by this Agreement.
  

	
  
6.
  	
  
INDEMNIFICATION & WAIVER OF   CLAIMS
  
	
  
 
  	
  
 
  
	
  
6.1
  	
  
Indemnity   against Claims.
  
	
   
  	
  
 
  
	
  
 
  	
  
Subject   to clause 6.2 hereof, the Assignor hereby agrees to jointly and severally   indemnify and hold the Assignee harmless from and against any and all damages   directly incurred by the Assignee resulting from any material   misrepresentation or breach of any warranty on the part of Assignor. Upon   receipt of written notices by the Assignee of such damages, the Assignor   shall have thirty (30) days to remedy such damage.
  
	
  
 
  	
  
 
  
	
  
6.2
  	
  
Notice   of Claim, Assumption of Defense & Settlement of Claims.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
With   respect to any indemnities of the Assignor pursuant to clause 6.1 hereof, the   Assignee shall promptly give written notice to the Assignor after the   Assignee has knowledge of any claim as to which recovery may be sought   against the Assignor pursuant to Clause 6.1 hereof and shall permit the   Assignor to assume the defense of any such claim or any litigation resulting   from such claim with counsel of its choice. The Assignor shall not, in the   defense of such claim or any litigation resulting there from, enter into any   settlement (except with the prior written consent of the Assignee) which has   the effect of creating a liability against the Assignee.
  
	
   
  	
  
 
  
	
  
6.3
  	
  
Indemnification   by the Assignee
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   Assignee agrees to indemnify and hold the Assignor harmless from and against   any and all liabilities, losses, damages, claims, costs and expenses of the   Assignor resulting from (i) any material misrepresentations or breach of any   representation on the part of the Assignee, or (ii) any liability or   obligation accruing after the date of Closing in respect of the transaction   contemplated under this Agreement. The procedures set forth in Clause 6.2   hereof shall apply to indemnification under the Clause 6.3.
  
	
  
 
  	
  
 
  
	
  
6.4
  	
  
Limitation   of Liability
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Notwithstanding   anything to the contrary contained in this Agreement, the liability of the   Assignor (in aggregate) under Clause 6.1 hereof or any other provisions of   the Agreement shall not exceed the sum equivalent to 50% of the consideration   amount actually received by the Assignor from the Assignee pursuant to this   Agreement.
  
	
   
  	
  
 
  
	
  
 
  	
  
Further,   after Closing and receipt of the Consideration by the Assignor referred to in   2.3 and 2.4.1 herein notwithstanding anything to the contrary the liability   of Assignee (in aggregate) under Clause 6.3 hereof or any other provisions of   the Agreement shall not exceed the sum equivalent to 50% of the consideration   amount payable by Assignee to Assignor.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Neither   party shall be liable to the other party for any form of incidental, indirect   or consequential damages of any kind.
  
	
  
 
  	
  
 
  
	
  
7.
  	
  
FURTHER ASSURANCES
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   Assignor agrees that it will at any time and from time to time after the   Closing, upon the reasonable request of the Assignee, execute, acknowledge   and deliver, or will cause to be done, executed, acknowledged and delivered,   all such further acknowledgements, deeds, assignments, transfers,   conveyances, and assurances as may be mutually agreed between the Assignor   and the Assignee for the better assigning, transferring, granting, conveying,   assuring and confirming to the Assignee and to its respective successors and   assigns, or for aiding and assisting in collecting and reducing to   possession, any and all of the assets to be assigned to the Assignee as   provided herein.
  

	
  
8.
  	
  
GENERAL
  
	
  
 
  	
  
 
  
	
  
8.1
  	
  
Notices.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
All   notices, request, demands and other communications hereunder shall be in   writing and shall be delivered personally or sent by certified, registered or   express mail, postage prepaid. Any such notice shall be deemed given when so   delivered personally of, if mailed, four days after the date of deposit in   the mail, if addressed :
  

	
  
 
  	
  
(a)  in   the case of the Assignor, to:
  
	
   
  	
  
 
  	
  
Attention:   Chief Financial Officer
  
	
  
 
  	
  
 
  	
  
114,   Sir Theagaraya Road,
  
	
  
 
  	
  
 
  	
  
T   Nagar, Chennai - 600017, India
  
	
  
 
  	
  
 
  
	
  
 
  	
  
(b)  in   the case of the Assignee, to
  
	
  
 
  	
  
 
  	
  
Intelligroup   Asia Pvt. Ltd.
  
	
  
 
  	
  
 
  	
  
Attention:  Legal Department
  
	
  
 
  	
  
 
  	
  
5th,   Floor (Blocks A & B), ILabs Centre
  
	
   
  	
  
 
  	
  
Plot   No.18, Software Units Layout
  
	
  
 
  	
  
 
  	
  
Madhapur,   Hyderabad – 500 081
  
	
  
 
  	
  
 
  	
  
Andhra   Pradesh, India
  

	
  
 
  	
  
or   to such other address or to such other person as the Assignee or the Assignor   shall have last designated by notice to the other parties given as herein   provided.
  
	
  
 
  	
  
 
  
	
  
8.2
  	
  
Modification.
  
	
  
 
  	
  
 
  
	
   
  	
  
This   Agreement contains the entire agreement among the Parties hereto with respect   to the transactions contemplated herein. All prior negotiations, agreements   and the understandings are superseded hereby. This Agreement shall not be   modified or amended except by any instrument in writing signed by or on   behalf of the Parties hereto.
  
	
  
 
  	
  
 
  
	
  
8.3
  	
  
Governing Law.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
This   Agreement shall be governed by and construed and enforced in accordance with   the laws of India.
  
	
  
 
  	
  
 
  
	
  
8.4
  	
  
Binding Effect.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
This   Agreement shall be binding upon the parties and inure to the benefit of the   successors, assigns, heirs and legal representatives of the respective   Parties hereto.
  
	
   
  	
  
 
  
	
  
8.5
  	
  
Transaction Expense.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Notwithstanding   anything else in the Agreement to the contrary, the parties hereto shall each   be responsible for the payment of any and all of its own expense, including   without limitation the fees and expenses of counsel, accountants and other   advisers, arising out of or relating directly or indirectly to the transactions   contemplated by this Agreement.
  
	
  
 
  	
  
 
  
	
  
8.6
  	
  
Assignment.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
None   of the Parties shall assign any of their rights or obligations under this   Agreement without the prior written consent of the other Party, which consent   shall not be unreasonably withheld.
  

	
   
  	
  
 
  
	
  
8.7
  	
  
Announcements
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Save   and except the announcements, statement or circular required pursuant to any   law or regulation, no announcement, statement to the press or circular   relating to any matters referred to in this Agreement shall be made or issued   by or on behalf of any of the Parties prior to the Closing, without the prior   written approval of the other party hereto.
  
	
  
 
  	
  
 
  
	
  
8.8
  	
  
Dispute Resolution
  
	
  
 
  	
  
 
  
	
  
 
  	
  
In   the event of any dispute, differences or claim(s) arising out of or in   connection with or relating to this Agreement, the Parties shall attempt to   first resolve such dispute, difference or claim(s) through discussions   between the senior executives or chief executives of the Parties.
  
	
   
  	
  
 
  
	
  
 
  	
  
If   the dispute is not resolved through such discussions within 30 days after the   receipt of written notice for mutual discussions, the dispute, difference or   claim(s) shall be finally settled by arbitration under the Indian Arbitration   and Conciliation, 1996.  For the   purpose of such arbitration, the Parties shall mutually appoint a three   arbitrator panel. In the event the Parties fail to appoint such panel of   three arbitrators, then each party shall appoint one arbitrator and the two   arbitrators so appointed shall mutually agree upon the appointment of the   third arbitrator.  All arbitration   proceedings shall be conducted in English language and the place of   arbitration shall be in New Delhi, India. The arbitration award shall be   binding on and non - appealable by all the parties. The cost of arbitration   shall be borne by the losing party.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Each   of the Parties agrees that notwithstanding that a matter may be referred to   arbitration as provided herein, the Parties shall nevertheless, pending the   resolution of the controversy or disagreement, continue to fulfil their   obligations under this Agreement, so far as they are reasonably able to do   so.
  
	
  
 
  	
  
 
  
	
  
9.
  	
  
FORCE MAJEURE
  
	
   
  	
  
 
  
	
  
9.1
  	
  
Neither   Party shall be liable to the other for any failure to perform its obligations   under this Agreement (save and except the obligation to make the payment when   due) if such performance has been delayed or prevented by force majeure. The   notification of force majeure and any abatement thereof shall be made   promptly in writing by the Party suffering such force majeure event.
  
	
  
 
  	
  
 
  
	
  
9.2
  	
  
For   the purposes of Clause 9.1, force majeure shall mean circumstances beyond the   reasonable control of the Party affected including but not limited to war,   hostilities, riots, acts of terrorism, flood, fire or other physical   disaster, change in Government policies, acts of the Government or   Governmental bodies (including but not limited to legislative bodies or   agencies), strikes or other industrial disputes or labour disturbances.
  
	
  
 
  	
  
 
  
	
  
9.3
  	
  
A   Party invoking the provisions of this Clause shall take all actions, which   are reasonable in the circumstances to overcome the force majeure situation   and to resume the performance of its obligations hereunder.
  
	
  
 
  	
  
 
  
	
  PART I
  
	
   
 
	
  
10. 
  	
  
ASSIGNMENT OF CONTRACTS
  
	
  
 
  	
  
 
  
	
  
10.1
  	
  
THE ASSIGNOR’S REPRESENTATIONS   & WARRANTIES RELATING TO ASSIGNMENT OF CONTRACTS
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   Assignor represents and warrants to the Assignee as follows:
  

	
  
10.1.1
  	
  
No   Encumbrances
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Other   than as may be specifically set forth in    Schedule D, none of the Contracts:
  

	
  
 
  	
  
(i)
  	
  
contravenes   any applicable law or ordinance or any other administrative regulation or   violates any restrictive covenant or any provision of law, the enforcement of   which would result in any liability to the Assignee or would in any respect   interfere with or prevent the current and continued implementation of the   Contracts, or
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
other   than as set forth herein, is subject to any agreement or arrangement between   the Assignor and any third person which has an adverse effect upon the   Assignor’s ability to assign the Contracts as set out herein.
  

	
  
10.1.2
  	
  
Customer/Consultant documents.
  
	
   
  	
  
 
  
	
  
 
  	
  
Any Customer/Consultant related documents provided by Assignor to   Assignee prior to the Closing date are true and correct copies of the   Customer/Consultant documents in Assignor’s possession as of the Closing   date.  As of the Closing date, to   Assignor’s knowledge, none of the Customers/Consultants  intends to exercise any right to cancel   any order or commence legal proceedings, in each case as a result of a   default or alleged default of Assignor and there does not exist as of the Closing date   any default of Assignor, or, to assignor’s knowledge, of the   Customer/Consultant thereto (except for aged accounts receivable from the   Customer), or event or condition that, with notice or lapse of time, or both,   would constitute a default of the Customer’s/Consultant’s obligations.  The Assignor covenants to provide, as of   the Closing date, the customer wise break up of the value of orders placed by   the
Customers not yet taken up for execution as well as the value of such   portion of orders under execution that remain to be executed.
  
	
  
 
  	
  
 
  
	
  
10.1.3
  	
  
Tax Matters.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Assignor has no knowledge of any tax deficiency against Assignor   related to the Contracts. To the Assignor’s Knowledge, all taxes and other   assessments and levies related to the Contracts and Employment Agreements   that Assignor was required by law to withhold or to collect have been duly   withheld and collected, and have been paid over to the proper governmental   entity.
  
	
   
  	
  
 
  
	
  
10.2
  	
  
COVENANTS OF THE ASSIGNOR   RELATING TO ASSIGNMENT OF CONTRACTS
  
	
  
 
  	
  
 
  
	
  
10.2.1
  	
  
Announcements.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Assignor shall co-operate with the Assignee after the Closing date to coordinate the   preparation of communications to Customers relating to this transaction.
  
	
  
 
  	
  
 
  
	
  
10.2.2
  	
  
Post-Closing   Cooperation.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
In   connection with the assignment of the Contracts, the Assignor on the one   hand, and the Assignee, on the other, shall cooperate with each other to the   extent practicable, until one year from the Closing date, with respect to any   administrative actions or proceedings, litigations and any other matters   involving third parties that my occur after the Closing. The party requesting   cooperation shall be responsible for the reasonable cost incurred by the   other party.
  

PART II

	
  
11.
  	
  
ASSIGNMENT OF EMPLOYEE   AGREEMENTS.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   Assignor will assign and the Assignee will accept assignment of the   Employment Agreement with each of the Employees.
  
	
  
 
  	
  
 
  
	
  
11.1
  	
  
COVENANTS IN RELATION TO   ASSIGNMENT OF EMPLOYEE AGREEMENTS.
  
	
  
 
  	
  
 
  
	
  
11.1.1
  	
  
Employees
  
	
  
 
  	
  
 
  
	
   
  	
  
The   Assignor will not change terms of employment of existing Employees from the   date of execution of this Agreement until the Closing or termination or   expiry of this Agreement, whichever occurs first, without notifying the   Assignee.
  
	
  
 
  	
  
 
  
	
  
11.1.2
  	
  
Existing   contracts with Employees
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   Assignor shall waive off the notice period of the Employees to be transferred   to the Assignee as well as accept their resignations.
  
	
  
 
  	
  
 
  
	
  
11.1.3
  	
  
Workers   Injuries
  
	
  
 
  	
  
 
  
	
  
 
  	
  
All   ongoing, pending, threatened or future claims of past or present Employees of   the Assignor for the period prior to the Closing are the sole responsibility   of the Assignor.
  
	
   
  	
  
 
  
	
  
11.1.4
  	
  
Terms   and Salaries
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   Assignee shall, on and from the Closing, offer employment to the Employees of   the Assignor on salaries, terms and conditions of employment, being not less   favorable than those enjoyed by the said Employees prior to their date of   transfer.
  
 
	
  
 
  	
  
 
  
	
  
11.1.5
  	
  
Retrenchment   compensation
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Any   liability arising from events occurring after the Closing in respect of the   Employees shall exclusively be that of the Assignee; whereas any liability   arising from events occurring prior to and up to Closing in respect of   Employees shall exclusively be that of the Assignor. The Assignor will be   liable for all dues accrued to its Employees for the period prior to the   Closing date.
  
	
   
  	
  
 
  
	
  
11.1.6
  	
  
Non-Solicitation
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   Assignor shall not directly or indirectly solicit Employees and engage them   as employee or contractor directly or through a third party anywhere in the   Territory for a period of two (2) years after the Closing.
  
	
  
 
  	
  
 
  
	
  
11.1.7
  	
  
Post-Closing   Cooperation.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
In   connection transfer of the services of the Employees, the Assignor on the one   hand, and the Assignee, on the other, shall cooperate with each other to the   extent practicable, until one year from the Closing date, with respect to any   administrative actions or proceedings, litigations and any other matters   involving third parties that my occur after the Closing. The party requesting   cooperation shall be responsible for the reasonable cost incurred by the   other party.
  
	
   
  	
  
 
  
	
  
12. 
  	
  
Severability
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   invalidity or unenforceability of any one or more of the provisions hereof or   any part thereof shall not invalidate or render unenforceable the remaining   provisions of the Agreement.  Any   illegal or invalid provision of this Agreement shall be severable and all   other provisions shall remain in full force and effect.
  

In Witness whereof the parties to this Agreement have signed this Agreement on the date and place mentioned above:

	
  
ISG   Novasoft Technologies Limited
  
	
  
 
  
	
  
Name:
  
	
  
 
  
	
  
Title:
  
	
  
 
  
	
  
 
  
	
  Intelligroup   Asia Pvt. Ltd.
  
	
  
 
  
	
  
Name:
  
	
  
 
  
	
  
Title:
  

SCHEDULE A
[List and Particulars of Contracts]

	
   
 	
   
 	
  
ISGN NOVASOFT, INDIA
  
	
   
 	
   
 	
  
 
  
	
  
S.NO.
  	
  
 
  	
  
PARTY / CUSTOMER NAME
  	
   
 	
  
PROJECT NAME
  
	
  
	
  
 
  	
  
  	
  
 
  	
  
 
	
  1 
  	
  
 
  	
  
CHAMBAL   FERTILISERS AND CHEMICALS LIMITED
  	
  
 
  	
  
APPLICATION   SUPPORT SERVICES
  

SCHEDULE B

Ref 

Date:

<<Name>>
 <<Address>>

Dear Mr/Ms. 

Pursuant to our discussions, we are pleased to offer you the position of<<Designation>>, in our organization, operating from our facility at <<Place of posting>>.

Your annual remuneration along with its breakup is enclosed as Annexure ‘A’ and your employment with Intelligroup would be governed by the Terms and Conditions referred hereto in Annexure ‘B’.

Please sign the duplicate of this letter of offer and return it to us by ____th day of ___________ 200_ as a token of your acceptance of this offer and the terms and conditions of your employment with the Company.

We look forward to a mutually fruitful association with you.

Yours Sincerely,
 for Intelligroup Asia Private Limited,

Annexure A
(Structure of salary being offered)

	
  Monthly Base
  	
  
 
  
	
  
consisting   of:
  	
  
 
  
	
  
 
  	
  
Basic
  
	
  
 
  	
  
HRA
  
	
  
 
  	
  
Conveyance   Allowance
  
	
  
 
  	
  
Medical   Allowance
  
	
  
 
  	
  
Special   Allowance
  
	
  
 
  	
  
 
  
	
  
Sub Total 1
  	
  
 
  
	
  
 
  	
  
 
  
	
  
Retirals
  	
  
 
  
	
  Consisting   of:
  	
  
 
  
	
  
 
  	
  
PF
  
	
  
 
  	
  
Gratuity
  
	
  
 
  	
  
 
  
	
  
Other   Benefits
  	
  
 
  
	
  
Consisting   of:
  	
  
Food
  
	
  
 
  	
  
Insurance
  
	
  
 
  	
  
 
  
	
  
Sub Total 2
  	
  
 
  
	
  
 
  	
  
 
  
	
  
Performance Based Incentive
  	
  
 
  
	
   
  	
  
 
  
	
  
Monthly Gross
  	
  
 
  
	
  
 
  	
  
 
  
	
  
Annual Gross
  	
  
 
  
	
  
 
  	
  
 
  

The performance incentive is paid on a half yearly basis.

Food coupons are non-taxable.

Insurance is a group medical insurance covering the employee, spouse, children and parents

A part of the Special Allowance can be used for Leave Travel Allowance and is non-taxable on production of bills.

Annexure B
 Terms & Conditions Of Employment

1.          Verification & submission of copies of certificates

You are required to produce all your certificates and documents, specified in Annexure ‘C’, in original for our verification at the time of your joining and also submit one set of certified photocopies of the same for our records. In addition, you would also be required to submit 3 passport size color photographs and a copy of the non-blank pages of your passport.

In case of your inability to produce the certificates/copies as mentioned above (excluding resignation acceptance letter from your previous employer), you are required to submit the same within one month of your joining the Company, failing which your employment may be terminated at the discretion of the Company. At the time of joining, it is mandatory that you should submit at least your resignation acceptance letter from your previous employer in the absence of your relieving letter. 

2.          Responsibilities

You would render all reasonable duties and functions expected of you. During the tenure of your employment with the Company, you will devote your full time and abilities to the performance of the assignments given to you and agree to comply with Company’s existing and future policies as may be amended and supplemented from time to time.

4.          Working Hours

You shall be present in the office during normal working hours or in shifts as may be communicated to you by your reporting manager. You may be required to come either early or stay late hours depending on the business needs and may have to work additional hours on request of Company’s clients. You shall provide details regarding utilization of your time by entering the same into Company’s time sheet “ESS” on a daily basis. 

5.          Statutory Deductions

Company will make necessary statutory deductions from your gross salary and directly pay on your behalf to the concerned authorities. In the instance where Company does not make such deductions, you agree to make such payments to the concerned authorities keeping the Company informed.

6.          Insurance

You and your family members, as applicable, will receive Health and Welfare Insurance as per Company’s insurance scheme. Company reserves its right to terminate its participation in any of the schemes or substitute another scheme or alter the benefits available to you under any of the schemes. If the insurance company refuses to provide any relevant benefits to you under any applicable scheme for any reason, Company shall not be liable to provide or compensate you for the loss of such benefits.

7.          Status Report

You will provide to the Company from time to time, with any reports that are deemed necessary, including but not limited to your work related activities and accomplishments.

8.          Intellectual property Rights

You agree to disclose any invention, development, process, plan, design, formula, specification(s), or other matter of work whatsoever created, developed, or discovered by you, either alone or in concert, in the course of your employment and the same shall be the absolute property of the Company. Any Intellectual Property Rights and the rights to 

inventions arising out of your activities hereunder, or if ownership rights cannot be transferred under applicable law, any exploitation rights relating thereto, shall be transferred to the Company in accordance with the applicable law. You shall assist the Company in perfecting and protecting its Intellectual Property Rights. 

9.          Confidentiality

During your employment with Intelligroup, you shall work with utmost loyalty and efficiency. You are expected to maintain absolute secrecy with regard to the affairs of the Company, during employment and thereafter. You shall not disclose to third parties any of the trade secrets, know-how, software, literature and other information owned by Intelligroup or its clients. Incidentally, you may be asked to execute / sign a Non Disclosure Agreement.

10.          Non Solicitation

During your employment with Intelligroup and afterward for a period of 12 months you shall not provide services to any of Intelligroup clients (except as accepted by Intelligroup), directly or indirectly.

11.          Code of Conduct

You shall conduct yourself in conformity with the code of conduct of the Company, as in force from time to time, a copy of which would be provided to you at the time of your joining and can also be viewed in Company’s intranet. Further, you shall carryout the instructions in letter & spirit, given by your superiors and shall not disobey the instructions given. 

12.          Restraints

A.           Access to Information

Information is available on a “need to know” basis for specified groups. The network file server is segregated to allow individual sectors for projects and units. Access to this data is authorized through access privileges approved by the concerned manager.

B.           Non disclosure      

You are expected to maintain utmost secrecy with regard to the affairs of the Company and its business, activities, strategies, details of its clients etc and shall keep confidential any and all information, instruments, documents etc., relating to the Company and or its client(s) that may have come to your knowledge/possession as an Employee of the Company.

C.           Non Compete

Your position with the Company calls for full time employment and you will devote yourself exclusively to the business of the Company. You will not take up any other work for remuneration (part time or otherwise) or work on advisory capacity or be interested directly or indirectly (except as shareholder or debenture holder) in any other trade or business, during your employment with the Company, without written permission from the Company. On leaving the services of the Company, you shall not take up a full-time/part-time employment with any of our customers and associates for a period of 1 year. You understand and agree that such restriction is reasonable and in the interest of the Company’s businesses.

D.           Authorization

Only those authorized under specific authorization/resolution issued by the Board of Directors of the Company may sign legal documents, representing the Company.

E.           Smoking

We owe and assure a smoke free environment to our employees. Barring some designated areas, the entire office premises including conference rooms, lobbies etc., are declared as “No-Smoking Zone”.

F.           Passwords

Access to our network, development environment is through individual’s password. For security reasons, it is essential to maintain confidentiality of the same. If the password is forgotten, our TSS team is to be contacted to reset and allow you to have a new password.

G.           Security

Security is an important aspect of Intelligroup`s communication and office infrastructure. If you wish to work late or early hours, you are requested to produce your identity card to the security personnel on demand.

If there is a need to take some of the equipments/infrastructure out of the office premises for any official purposes, you shall obtain the gate pass from the security staff.

The communication security is maintained by controlling physical access to computer systems, disabling all workstation floppy disk drives, pen/flash drives, and a Company-wide awareness about the need for protection of Intellectual property and sensitive customer information. For some projects, the Company uses sophisticated data encryption devices. You may not be allowed to download any files, images, data of the Company / its clients without specific permission from the concerned manager.

Your work table and storage space is lockable. Please ensure they are locked when unattended. Duplicate keys are maintained with the Administration department. One can take a duplicate key after signing for it for one`s own or team members’ table or storage, if necessary.

H.           Destroying Papers & Material

Any official communication, which is confidential in nature, shall be destroyed / shredded after the purpose is served and if such document / communication is not required for any repository purposes.

I.           Use of Company Resources

You shall use any and all Company’s resources only for official purposes. Any misuse or breach committed would call for necessary disciplinary action upto and including termination of employment with the Company.

13.         Performance Review

Your performance would be reviewed periodically as per Company’s policies and may advice for any enhancement in your gross salary and re-designate your position with the Company. Such enhancement and re-designation would depend on your performance and your ability to accomplish the given assignments and your justification of your role in the Company and at Company’s discretion. 

14.         Statement of facts

It must be specifically understood that this offer is made based on your proficiency in technical / professional skills you have declared to possess as per the application. In case, at a later date, any of your statements/particulars furnished are found to be false or misleading, Company shall have the right to terminate your services forthwith and you shall be considered to have committed breach of Terms and Conditions of your employment.

15.          Place of probation & transfer

Company has the right to transfer you to any location, department or establishment. In such a case, you will be governed by the terms & conditions of service applicable to the new assignment. 

16.          Personal Indebtedness

Company shall not be responsible for any personal indebtedness or other liabilities incurred by you, during your employment with the Company. You understand and accept that you shall have no authority to pledge the credit of the Company to any person or entity without necessary written authorization from the designated Official of the Company.

17.          Indemnification

You shall indemnify, defend and hold Intelligroup, its officers, directors, associates and agents, harmless from any and all claims, causes of action, damages, obligations or liabilities or any kind or nature arising out of or connected with any act or omission of yourself during the course of your employment with the Company.

18.          Termination Notice

Intelligroup is an “at will” employer.
Your association with the Company is crucial and any separation without notice on your part would cause irreparable damage to the Company. During the period of your association with the Intelligroup, by giving a written notice of 30 days, your services may be terminated. However, at any point in time, if any of the terms and conditions is found to be violated or due to business demands, your services may be terminated with immediate effect. Instead of the notice, Company may pay your two months net salary and you may with a written notice of 60 days terminate your services with the Company.  

19.          General

The waiver by either party of a breach of any provision of the terms and conditions of employment shall not operate or be construed as a waiver of any subsequent breach. If any provision of the terms and conditions herein shall be declared to be illegal or unenforceable for any reason, the remaining provisions of the terms and conditions shall remain in full force and effect. The courts at Hyderabad shall have exclusive jurisdiction over this offer.  

The above terms and conditions are based on Company policies, procedures and other rules currently applicable and are subject to amendments from time to time. These policies are available in Intelligroup’s Intranet ‘Connect’ and you are requested to visit the site to get updated with the changes from time to time. By signing a copy of this offer letter, you are consenting that you will visit ‘Connect’ and get familiarized with Company’s policies. You will abide by all other rules and regulations of the Company as shall be in force, from time to time.

In all matters, including those not specifically covered herein, such as traveling, Leave entitlement, etc., you would be governed by the rules of the Company which are available in the Company’s Intranet page ‘Connect’. 

Any claim by you against the Company arising out of your employment / termination of employment shall be made in writing and served upon the Company within one month from the date of your leaving the Company. Any claim made by you beyond one month shall be waived by you and shall not effect or bind the Company with respect to such claim.

You shall not, without specific permission from the Company, accept or demand loans, gifts, any other benefits from the clients of the Company or any person(s) with whom you have official or business contacts in the context of your activities of the Company.

	
  

  
	
  I   have read the above terms and conditions of Employment and hereby confirm   strict adherence to the same.
  

Date:

Signature:

Place:

Annexure C
 Mark sheets

	
  
 
  	
  
•
  	
  
10th   class or equivalent
  
	
  
 
  	
  
•
  	
  
Intermediate   or equivalent
  
	
  
 
  	
  
•
  	
  
Graduation
  
	
  
 
  	
  
•
  	
  
Post   graduation
  

Provisional certificates 

	
  
 
  	
  
•
  	
  
Graduation
  
	
  
 
  	
  
•
  	
  
Post   graduation
  

Relevant certificates of Additional Certifications or Courses 

Offer letters, appointment letters and Experience certificates 

Relieving letter from previous employer

Salary pay slips of the last three months of experience

A copy of non-blank pages of the passport

PAN card

Three passport size colour photographs

SCHEDULE C

[Insert List of Employees]

	
  Sl No
  	
   
 	
  
Name of Employee
  	
   
 	
  
Title
  	
   
 	
  
Date of Joining 
(ISGN, Chennai)
  	
   
 	
  
Education
  	
   
 	
  
Primary Skill
  
	
 
	
  
 
  	
 
  	
  
 
  	
  
  	
  
 
  	
  
 	
  
 
  	
  
 	
  
 
  	
  
  
	
  
1
  	
  
 
  	
  
Shivpal   Singh
  	
  
 
  	
  
Senior   Functional Consultant
  	
  
 
  	
  
10   May 2005
  	
  
 
  	
  
M.Com
  	
  
 
  	
  
SAP   / FI CO
  
	
  
2
  	
  
 
  	
  
Viswanath   W
  	
  
 
  	
  
Senior   Functional Consultant
  	
  
 
  	
  
22   Dec 2005
  	
  
 
  	
  
BE,   MBA
  	
  
 
  	
  
SAP   / SD
  
	
  3
  	
  
 
  	
  
Nagendra   Kumar B
  	
  
 
  	
  
SAP   ABAP Consultant
  	
  
 
  	
  
17   July 2006
  	
  
 
  	
  
BCA,   MBA
  	
  
 
  	
  
SAP   ABAP
  
	
  
4
  	
  
 
  	
  
Narsaiah   T
  	
  
 
  	
  
Senior   ABAP Consultant
  	
  
 
  	
  
3   Aug 2006
  	
  
 
  	
  
BSc,   MCA
  	
  
 
  	
  
SAP   ABAP
  
	
  
5
  	
  
 
  	
  
Vishak   Mahesh
  	
  
 
  	
  
Business   Analyst
  	
  
 
  	
  
1   Jun 2006
  	
  
 
  	
  
BE,   MS
  	
  
 
  	
  
Sales   Support
  

The following employees are currently deputed at Chambal Fertilizers and Chemicals, Delhi:

	
  
Sl No
  	
   
 	
  
Name of Employee
  	
   
 	
  
Title
  	
   
 	
  
Date of Joining (ISGN)
  	
   
 	
  
Education
  	
   
 	
  
Primary Skill
  
	
 
 	
  
 
  	
  
 	
  
 
  	

 	
  
 
  	
 
 	
  
 
  	
 
 	
  
 
  	
  
  
	
  
1
  	
  
 
  	
  
Raja Sengupta
  	
  
 
  	
  
System Analyst
  	
  
 
  	
  
1st   Jan 2001
  	
  
 
  	
  
Bsc(Physics), PGDCA
  	
  
 
  	
  
SAP
  
	
  
2
  	
  
 
  	
  
Nishant   Gujral
  	
  
 
  	
  
Senior  System   Administrator
  	
  
 
  	
  
1st   Jan 2000
  	
  
 
  	
  
Bsc,   BTech (Computer Systs)
  	
  
 
  	
  
SAP  BASIS
  
	
  3
  	
  
 
  	
  
Mukesh Khanna
  	
  
 
  	
  
Deputy   Manager Projects
  	
  
 
  	
  
1st   Jan 2001
  	
  
 
  	
  
Bsc,   Msc, MCA
  	
  
 
  	
  
SAP ABAP  & BASIS
  
	
  
4
  	
  
 
  	
  
Sandeep Bir
  	
  
 
  	
  
Senior   Manager Projects
  	
  
 
  	
  
19th   July 2001
  	
  
 
  	
  
Bsc(CS)
  	
  
 
  	
  
SAP
  
	
  5
  	
  
 
  	
  
Anjali Sharma
  	
  
 
  	
  
System   Analyst
  	
  
 
  	
  
1st   Sep 2003
  	
  
 
  	
  
Msc(Tech)   Museum Studies, ME(Systems & Information)
  	
  
 
  	
  
SAP ABAP
  
	
  
6
  	
  
 
  	
  
Sanjay   Girotee
  	
  
 
  	
  
System   Analyst
  	
  
 
  	
  
17   Nov 2003
  	
  
 
  	
  
Bcom,   DNIIT(Systems Management)
  	
  
 
  	
  
SAP ABAP
  
	
  7
  	
  
 
  	
  
Vijay Sharma
  	
  
 
  	
  
Software   Engineer
  	
  
 
  	
  
21   Jun 2004
  	
  
 
  	
  
BCA,MCA
  	
  
 
  	
  
SAP ABAP
  
	
  
8
  	
  
 
  	
  
Jitendra   Kumar Singh
  	
  
 
  	
  
System   Analyst
  	
  
 
  	
  
11 Jan   2005
  	
  
 
  	
  
BE(Computer   Technology)
  	
  
 
  	
  
SAP
  

Schedule D

List of Encumbrances or other agreements that may have an adverse affect on ISGN’s ability to assign the agreements

NILExhibit 10.3

NON COMPETE AGREEMENT

THIS AGREEMENT is made on this eighth day of June 2007, between

NovaSoft Information Technology Corporation, a New Jersey corporation having its corporate offices at , 181, Washington Street, Suite 525 Conshohocken, PA 19428 (hereinafter referred to as “Novasoft” which expression shall mean and include its representatives, successors and permitted assigns) of the ONE PART;

AND

Intelligroup Europe Limited (Co no. 03205142) a company incorporated under the laws of England , and having its registered office at Challenge House, Sherwood Drive, Bletchley, Buckinghamshire, MK3 6DP (hereinafter referred to as “Intelligroup” which expression shall mean and include its representatives, successors and permitted assigns) of the SECOND PART.

WITNESSETH:

WHEREAS 

	
  
 
  	
  
1.
  	
  
Novasoft   is engaged in the business of providing IT consultancy, support and such   other services to its customers.
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
2.
  	
  
Intelligroup   is, inter alia, engaged in the business of providing IT consultancy, support   and such other services to its customers;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
3.
  	
  
Intelligroup   and NovaSoft Information Technology Corporation (Europe) Limited, U.K.,   (“Novasoft, U.K.”), a subsidiary of Novasoft,  have entered  into an   agreement on ____________ whereby Novasoft U.K. has agreed, inter alia, to   assign certain contracts to Intelligroup;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
4.
  	
  
Intelligroup   Asia Pvt. Ltd. (hereinafter referred to as Intelligroup India), a subsidiary   of Intelligroup, Inc. and ISG Novasoft Technologies Limited, India, (“ISGN”),   an affiliate of Novasoft,  have   entered  into an agreement on   ____________ whereby ISGN has agreed, inter alia, to assign certain contracts   to Intelligroup India ; and
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
5.
  	
  
In   order to protect the interest of Intelligroup and its affiliated entity   Intelligroup India, the parties hereto are desirous of entering into a non-   compete arrangement as envisaged under this Agreement.
  

NOW, THEREFORE, in consideration of the respective representations and warranties hereinafter set forth and of the mutual covenants and agreements contained herein and for good and valuable consideration, intending to be legally bound hereby, the Parties agree as follows:

	
  
1.
  	
  
PRELIMINARY
  
	
  
 
  	
  
 
  
	
  
1.1
  	
  
Definitions
  
	
  
 
  	
  
 
  
	
  
1.1.1
  	
  
“Agreement” shall mean this agreement,   annexures and schedules including any written modification and amendment   thereof signed by the Parties.
  
	
   
  	
  
 
  
	
  
1.1.2
  	
  
“Closing” shall mean the date agreed upon   by the Parties, which shall be within 8 weeks from the execution of this   agreement  , on which date the   Intelligroup shall make the payment of consideration as per the terms of this   Agreement and on and from such date the non-compete obligations of Novasoft   shall come into force.
  

	
  
1.1.3
  	
  
“Contracts” shall mean the contracts   entered into with various parties by Novasoft, U.K. or ISGN and as enumerated   in Schedule A.
  
	
  
 
  	
  
 
  
	
  
1.1.4
  	
  
“Customers” means the parties referred to   in Schedule A with whom the   Novasoft, U.K. or ISGN have entered into the Contracts.
  
	
  
 
  	
  
 
  
	
  
1.1.5
  	
  
“Party” - The term “Party” shall mean the   Novasoft and Intelligroup individually and the “Parties” shall mean the   Novasoft and the Intelligroup jointly.
  
	
   
  	
  
 
  
	
  
1.1.6
  	
  
“Territory” shall mean the United Kingdom   and India.
  
	
  
 
  	
  
 
  
	
  
1.2
  	
  
Rules of Interpretation
  
	
  
 
  	
  
 
  
	
  
 
  	
  
In   this Agreement unless the context requires otherwise, references to recitals   and clauses are references to recitals and clauses of and to this Agreement   unless otherwise stated.
  
	
  
 
  	
  
 
  
	
  
1.3
  	
  
Headings
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   headings in this Agreement are inserted for convenience only and shall not be   taken into account in the construction of any provision of this Agreement.
  
	
   
  	
  
 
  
	
  
2.
  	
  
NON COMPETE
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Novasoft   agrees that from the Closing and till 2 years thereafter, Novasoft, either   directly, or through its subsidiaries or through ISGN or in any way   indirectly shall not, without the prior written consent of Intelligroup,   solicit, contact or call upon, with the Customers to provide the products or   services being provided pursuant to the Contracts by Novasoft, U.K. or ISGN,   anywhere in the Territory.  Novasoft   agrees that from Closing and till two (2) years thereafter, Novasoft, either   directly, or through its subsidiaries or through ISGN or in any way   indirectly shall not solicit for employment or hire any employees of   Intelligroup or Intelligroup India.
  
	
  
 
  	
  
 
  
	
  
3.
  	
  
CONSIDERATION
  
	
  
 
  	
  
 
  
	
  
 
  	
  
In   consideration of the non-compete undertaking of Novasoft hereinabove,   Intelligroup shall pay to Novasoft on Closing a sum of USD 1.5 Million in   free and clear funds without any deduction or withholding whatsoever.
  
	
   
  	
  
 
  
	
  
4.
  	
  
CLOSING
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Subject   to the terms and conditions hereof, it is expected that the Closing shall   take place at the offices of the Intelligroup on July 15, 2007 or on such   date or place as the Parties may agree upon    or on such date or place as the Parties may agree upon.  The Parties agree that the Closing shall in   any event take place  within 8 weeks   from the date of execution of this Agreement failing which this agreement   shall stand terminated without any further acts of the Parties.
  

	
  
5.
  	
  
REPRESENTATIONS AND WARRANTIES
  
	
  
 
  	
  
 
  
	
  
5.1
  	
  
NOVASOFT’S REPRESENTATIONS AND WARRANTIES
  
	
   
  	
  
 
  
	
  
5.1.1
  	
  
Organization
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   Novasoft is a company duly incorporated and validly existing under the laws   of New Jersey, U.S.A.
  
	
  
 
  	
  
 
  
	
  
5.1.2
  	
  
Authority
  
	
  
 
  	
  
 
  
	
  
 
  	
  
This   Agreement and the transaction contemplated hereby have been duly authorized   and all requisite corporate actions on the part of the Novasoft which are   necessary in order to enable Novasoft to enter into and perform the same have   been obtained. This Agreement constitutes a valid and binding obligation   enforceable against Novasoft in accordance with its terms.
  
	
  
 
  	
  
 
  
	
  5.1.3
  	
  
Disclosure.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
No   representations or warranties made by the Novasofts in this Agreement omits   to state any material fact necessary to make such representations or   warranties not misleading.
  
	
  
 
  	
  
 
  
	
  
5.2
  	
  
INTELLIGROUP’S REPRESENTATIONS AND WARRANTIES
  
	
  
 
  	
  
 
  
	
  
5.2.1
  	
  
Organization.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Intelligroup   Europe Limited  is a corporation duly   organized and validly existing under the laws of England and Wales.
  
	
  
 
  	
  
 
  
	
  5.2.2
  	
  
Corporate   Authority.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
This   Agreement and the transaction contemplated hereby have been duly authorized   and all requisite corporate actions on the part of Intelligroup which are   necessary in order to enable Intelligroup to enter into and perform the same   have been obtained. This Agreement constitutes a valid and binding obligation   enforceable against Intelligroup in accordance with its terms.
  
	
  
 
  	
  
 
  
	
  
6.
  	
  
GENERAL
  
	
  
 
  	
  
 
  
	
  
6.1
  	
  
Notices.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
All   notices, request, demands and other communications hereunder shall be in   writing and shall be delivered personally or sent by certified, registered or   express mail, postage prepaid. Any such notice shall be deemed given when so   delivered personally of, if mailed, four days after the date of deposit in   the mail, if addressed :
  

	
  
 
  	
  
(a)
  	
  
in   the case of the Novasoft to:
  
	
  
 
  	
  
 
  	
  
NovaSoft   Information Technology Corporation,
  
	
  
 
  	
  
 
  	
  
181,   Washington Street, Suite 525
  
	
  
 
  	
  
 
  	
  
Conshohocken,   PA 19428
  
	
  
 
  	
  
 
  	
  
Attention:   CEO
  

	
   
  	
  
(b)
  	
  
in   the case of the Intelligroup, to:
  
	
  
 
  	
  
 
  	
  
Intelligroup,   Inc.
  
	
  
 
  	
  
 
  	
  
499   Thornall Street, 11th Floor
  
	
  
 
  	
  
 
  	
  
Edison,   NJ 08837
  
	
  
 
  	
  
 
  	
  
Attention:  Legal Department
  

	
  
 
  	
  
or   to such other address or to such other person as the Intelligroup or the   Novasoft shall have last designated by notice to the other parties given as   herein provided.
  
	
   
  	
  
 
  
	
  
6.2
  	
  
Modification.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
This   Agreement contains the entire agreement among the Parties hereto with respect   to the transactions contemplated herein. All prior negotiations, agreements   and the understandings are superseded hereby. This Agreement shall not be   modified or amended except by any instrument in writing signed by or on   behalf of the Parties hereto.
  
	
  
 
  	
  
 
  
	
  
6.3
  	
  
Governing Law.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
This   Agreement shall be governed by and construed and enforced in accordance with   the laws of United States of America.
  
	
  
 
  	
  
 
  
	
  6.4
  	
  
Binding Effect.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
This   Agreement shall be binding upon the parties and inure to the benefit of the   successors, assigns, heirs and legal representatives of the respective   Parties hereto.
  
	
  
 
  	
  
 
  
	
  
6.5
  	
  
Transaction Expense.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Notwithstanding   anything else in the Agreement to the contrary, the parties hereto shall each   be responsible for the payment of any and all of its own expense, including   without limitation the fees and expenses of counsel, accountants and other   advisers, arising out of or relating directly or indirectly to the transactions   contemplated by this Agreement.
  
	
  
 
  	
  
 
  
	
  
6.6
  	
  
Assignment.
  
	
   
  	
  
 
  
	
  
 
  	
  
None   of the parties shall assign any of their rights or obligations under this   Agreement without the prior written consent of the other parties, which   consent shall not be unreasonably withheld.
  
	
  
 
  	
  
 
  
	
  
6.7
  	
  
Announcements
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Save   and except the announcements, statement or circular required pursuant to any   law or regulation, no announcement, statement to the press or circular   relating to any matters referred to in this Agreement shall be made or issued   by or on behalf of any of the Parties prior to the Closing, without the prior   written approval of the other party hereto.
  

	
  
6.8
  	
  
Dispute Resolution
  
	
   
  	
  
 
  
	
  
 
  	
  
In   the event of any dispute, differences or claim(s) arising out of or in connection   with or relating to this Agreement, the Parties shall attempt to first   resolve such dispute, difference or claim(s) through discussions between the   senior executives or chief executives of the Parties.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
If   the dispute is not resolved through such discussions within 30 days after the   receipt of written notice for mutual discussions, the dispute, difference or   claim(s) shall be finally settled by arbitration under the United Nations   Commission on International Trade Law Arbitration Rules (the “UNCITRAL   Rules”) as are in force at the time of any such arbitration.  For the purpose of such arbitration, the   Parties shall mutually appoint a three arbitrator panel. In the event the   Parties fail to appoint such panel of three arbitrators, then each party shall   appoint one arbitrator and the two arbitrators so appointed shall mutually   agree upon the appointment of the third arbitrator in accordance with   UNCITRAL Rules.  All arbitration   proceedings shall be conducted in English language and the place of arbitration   shall be in New York, NY. The arbitration award shall be binding on and non -   appealable by all the parties.
Judgement upon any arbitration award so   rendered may be entered in any court having jurisdiction, or application may   be made to such court for a judicial acceptance of the award and an order to   enforcement, as the case may be. The cost of arbitration shall be borne by   the losing party.
  
	
  
 
  	
  
 
  
	
   
  	
  
The   Parties agrees that notwithstanding that a matter may be referred to   arbitration as provided herein, the Parties shall nevertheless, pending the   resolution of the controversy or disagreement, continue to fulfil their   obligations under this Agreement, so far as they are reasonably able to do   so.
  
	
  
 
  	
  
 
  
	
  
7.
  	
  
FORCE MAJEURE
  
	
  
 
  	
  
 
  
	
  
7.1
  	
  
Neither   Party shall be liable to the other for any failure to perform its obligations   under this Agreement (save and except the obligation to make the payment when   due) if such performance has been delayed or prevented by force majeure. The   notification of force majeure and any abatement thereof shall be made   promptly in writing by the Party suffering such force majeure event.
  
	
  
 
  	
  
 
  
	
  
7.2
  	
  
For   the purposes of Clause 7.1, force majeure shall mean circumstances beyond the   reasonable control of the Party affected including but not limited to war, hostilities,   riots, acts of terrorism, flood, fire or other physical disaster, change in   Government policies, acts of the Government or Governmental bodies (including   but not limited to legislative bodies or agencies), strikes or other   industrial disputes or labour disturbances.
  
	
   
  	
  
 
  
	
  
7.3
  	
  
A   Party invoking the provisions of this Clause shall take all actions, which   are reasonable in the circumstances to overcome the force majeure situation   and to resume the performance of its obligations hereunder.
  
	
  
 
  	
  
 
  
	
  
8.
  	
  
SEVERABILTY
  
	
  
 
  	
  
 
  
	
  
 
  	
  
The   invalidity or unenforceability of any one or more of the provisions hereof or   any part thereof shall not invalidate or render unenforceable the remaining   provisions of the Agreement. Any illegal or invalid provision of this   Agreement shall be severable and all other provisions shall remain in full   force and effect
  

	

  
  In Witness whereof the parties to this Agreement have   signed this Agreement on the date and place mentioned above:

	
   
  	
  
 
  
	

  
  NovaSoft Information Technology Corporation, U.S.A.

	  
	  

	
  
 Name:
  	
  
 
  
	  
	  

	
  
Title:
  	
   
  
	
  
 
  	
  
 
  
	

  
   Intelligroup Europe Limited

	  
	  

	
  
Name:
  	
  
 Alok Bajpai
  
	
  
 
  	
  
 
  
	
  
Title:
  	
  
Director
  

SCHEDULE A

List of Contracts/Customers

NOVASOFT INFORMATION TECHNOLOGY (EUROPE) LTD, UK

	
  
S.NO.
  	
   
 	
  
PARTY / CUSTOMER NAME
  	
   
 	
  
PROJECT NAME
  
	
  

  	
   
 	
  

  	
   
 	
  

  
	
  
1
  	
  
 
  	
  
CORUS   INTERNATIONAL
  	
  
 
  	
  
COR DATABASE   MNGT SUPP ON SQL2000
  
	
  2
  	
  
 
  	
  
CORUS   INTERNATIONAL
  	
  
 
  	
  
COR BAAN   APPLICATION MNGT  & SUPP
  
	
  
3
  	
  
 
  	
  
INTERMEC   INTERNATION INC
  	
  
 
  	
  
INTM  BAAN SUPPORT SERVICES
  
	
  
4
  	
  
 
  	
  
SAMSUNG SDS   EUROPE LTD
  	
  
 
  	
  
SAM SAP ABAP   DEVELOPMENT- ROLLING
  
	
  
5
  	
  
 
  	
  
SIEMENS   INDUSTRIAL TURBO MACHINERY LTD
  	
  
 
  	
  
SIE SAP   SUPPORT SERVICES
  
	
  
6
  	
  
 
  	
  
PIONEER   CONSULTING LTD
  	
  
 
  	
  
PIONEER   INVENSYS
  
	
  7
  	
  
 
  	
  
SIEMENS   INDUSTRIAL TURBO MACHINERY LTD
  	
  
 
  	
  
ECC-Forced   Group EIR’s”
  
	
  
8
  	
  
 
  	
  
SIEMENS   INDUSTRIAL TURBO MACHINERY LTD
  	
  
 
  	
  
ATLAS   BACKFILL
  
	
  
9
  	
  
 
  	
  
SIEMENS   INDUSTRIAL TURBO MACHINERY LTD
  	
  
 
  	
  
Overhauls   Development
  
	
  
10
  	
  
 
  	
  
ADVANCED   RESOURCE MANAGEMENT LIMITED
  	
  
 
  	
  
CRM IMPLEMENTATION -AXON/ XEROX (T&M)
  
	
  
11
  	
  
 
  	
  
ADVANCED   RESOURCE MANAGEMENT LIMITED
  	
  
 
  	
  
CRM IMPLEMENTATION -AXON/ XEROX (T&M)
  
	
  12
  	
   
  	
  CASTLE   CONSULTING
  	
   
  	
  Baan Support   for Napier Turbochargers
  
	
  13
  	
   
  	
  CAPITA
  	
   
  	
  UPGRADE   PROJECT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]