Document:

Omnibus Amendment to Participation Agmt, Put Option Agmt and Call Option Agmt

 Exhibit 10.1 
 OMNIBUS AMENDMENT TO 
 PARTICIPATION AGREEMENT, 
 PUT OPTION AGREEMENT 
 AND CALL OPTION
AGREEMENT 
 DATED AS OF MARCH 9, 2009 
 HEALTH NET FUNDING, INC., 
 HEALTH NET, INC., 
 LODGEMORE HOLDINGS INC. 
 ING BANK
N.V. 
 and 
 HEALTH
NET FINANCING, L.P. 

 TABLE OF CONTENTS 
  

			
	 	  	Page
	 ARTICLE I DEFINITIONS AND INTERPRETATION
	  	1
	 ARTICLE II AMENDMENTS
	  	2
	 ARTICLE III COUNTERPARTS; MISCELLANEOUS
	  	3
	 ARTICLE IV GOVERNING LAW
	  	3

  

 i 

 THIS OMNIBUS AMENDMENT TO PARTICIPATION AGREEMENT, PUT OPTION AGREEMENT AND CALL OPTION AGREEMENT (this
“Amendment”), dated as of March 9, 2009, is entered into among HEALTH NET FUNDING, INC., a corporation organized under the laws of the State of Delaware (together with its permitted assigns and successors, “U.S.
Investor”), HEALTH NET, INC., a publicly traded U.S. Corporation (together with its permitted assigns and successors, “U.S. Parent”), LODGEMORE HOLDINGS, INC., a Canadian corporation (together with its permitted assigns and
successors, “Canadian Investor”), ING BANK N.V., a public limited liability company organized under the laws of the Netherlands (together with its permitted assigns and successors, “Credit Risk Bank”), and HEALTH
NET FINANCING, L.P., a Delaware limited partnership (together with its permitted assigns and successors, the “Partnership”). 
 WITNESSETH: 
 WHEREAS, U.S. Investor, U.S. Parent, Canadian Investor, Credit Risk Bank and the Partnership entered into that
certain Participation Agreement, dated as of December 19, 2007, among U.S. Investor, U.S. Parent, Canadian Investor, Credit Risk Bank and the Partnership, as amended by the First Amendment thereto, dated as of April 29, 2008, and the
Omnibus Amendment to the Participation Agreement and Put Option Agreement, dated as of November 10, 2008, the “Participation Agreement”; 
 WHEREAS, U.S. Investor, Canadian Investor and Credit Risk Bank are parties to the Put Option Agreement, as amended; 
 WHEREAS, U.S. Investor, Credit Risk Bank (as assignee of U.S. Investor) and Canadian Investor are parties to the Call Option Agreement; and 
 WHEREAS, U.S. Investor, U.S. Parent, Canadian Investor, Credit Risk Bank and the Partnership wish to further amend certain provisions of the Participation Agreement, Put Option Agreement and Call Option Agreement.

 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree
as follows: 
 ARTICLE I 
 DEFINITIONS AND INTERPRETATION 
 Section 1.1. All capitalized terms used herein (including in the recitals above)
shall, unless otherwise defined herein, have the respective meanings set forth in Appendix A to the Participation Agreement. 
 Section 1.2. In this Amendment, unless the context shall otherwise require: 
 (a) all references to sections, exhibits,
schedules or appendices are references to sections, exhibits, schedules or appendices of this Amendment unless otherwise stated: 
  

 1 

 (b) a reference to a law includes any amendment or modification to such law and any rules or regulations
issued thereunder or any law enacted in substitution or replacement therefor; 
 (c) the headings are inserted for convenience only and shall
not define or limit, nor affect the interpretation of, the provisions hereof; 
 (d) words denoting the singular only shall include the
plural and vice versa; 
 (e) “include” and “including” are not limiting; and; 
 (f) all references to documents are to those documents as amended, modified and supplemented from time to time. 
 ARTICLE II 
 AMENDMENTS

 Section 2.1. Amendment of the Participation Agreement. The definition of “Class A Limited Partner Early Termination
Event” in Appendix A to the Participation Agreement is hereby amended as follows: 
 (a) any text in Schedule 2.1 hereto that is struck
through shall be deleted; and 
 (b) any text in Schedule 2.1 hereto that is double underscored shall be added. 
 Section 2.2. Amendments to the Call Option Agreement. 
 (a) Section 2.02(a) of the Call Option Agreement is hereby amended as follows: 
 (i) any text in
Schedule 2.2(a) hereto that is struck through shall be deleted; and 
 (ii) any text in Schedule 2.2(a) hereto that is double underscored
shall be added. 
 (b) Section 2.02(d) of the Call Option Agreement is hereby amended as follows: 
 (i) any text in Schedule 2.2(b) hereto that is struck through shall be deleted; and 
 (ii) any text in Schedule 2.2(b) hereto that is double underscored shall be added. 
 Section 2.3. Amendments to Put Option Agreement. 
  

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 (a) Section 2.02(a) of the Put Option Agreement is hereby amended as follows: 
 (i) any text in Schedule 2.3(a) hereto that is struck through shall be deleted; and 
 (ii) any text in Schedule 2.3(a) hereto that is double underscored shall be added. 
 (b) Section 2.02(e) of the Put Option Agreement is hereby amended as follows: 
 (i) any text in Schedule 2.3(b) hereto that is struck through shall be deleted; and 
 (ii) any text in Schedule 2.3(b) hereto that is double underscored shall be added. 
 (c) Clause (k) Article IV of the Put Option Agreement is hereby amended by deleting the words “U.S. Parent fails to have a Threshold
Rating” and replacing them with the word “[Reserved]”. 
 ARTICLE III 
 COUNTERPARTS; MISCELLANEOUS 
 Section 3.1. This Amendment may be signed in two or more counterparts which, when taken together, shall constitute one and the same instrument. 
 Section 3.2. Excepted as amended hereby, the Participation Agreement, the Put Option Agreement and the Call Option Agreement remain in full force and effect. In addition, the parties confirm that (i) the
Memorandum of Understanding remains in full force and effect and (ii) any agreement entered into by the parties amending a Transaction Document shall be considered a Transaction Document. 
 ARTICLE IV 
 GOVERNING LAW 
 Section 4.1. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  

 3 

 IN WITNESS WHEREOF, this Omnibus Amendment has been executed on behalf of the parties as of the day and
year first above written. 
  

			
	HEALTH NET FUNDING, INC.
		
	By:	 	 /s/    Jonathan Rollins

	Name:	 	Jonathan Rollins
	Title:	 	Treasurer
	
	HEALTH NET, INC.
		
	By:	 	 /s/    Jonathan Rollins

	Name:	 	Jonathan Rollins
	Title:	 	Treasurer
	
	LODGEMORE HOLDINGS, INC.
		
	By:	 	 /s/    Kieran O’Donnell

	Name:	 	Kieran O’Donnell
	Title:	 	Director
	
	ING BANK N.V.
		
	By:	 	 /s/    Albert Jan Visser

	Name:	 	Albert Jan Visser
	Title:	 	Managing Director
		
	By:	 	 /s/    B. Petit-Yuelin

	Name:	 	B. Petit-Yuelin
	Title:	 	Director

			
	HEALTH NET FINANCING, L.P.
		
	By:	 	 Health Net Funding, Inc.,
     as
General Partner

		
	By:	 	 /s/    Jonathan Rollins

	Name:	 	Jonathan Rollins
	Title:	 	Treasurer

 Schedule 2.1 
 “Class A Limited Partner Early Termination Event” means (i) the exercise of the Put Option pursuant to Section 2.02(a)(y) (but not 2.02(a)(x) or 2.02(b)) of the Put Option Agreement or the
deemed exercise of the Call Option as a result of such exercise of such Put Option, unless U.S. Parent fails to have a Threshold Rating at such time or (ii) the exercise of the Put Option pursuant to Section 2.02(b) of
the Put Option Agreement as a result of the occurrence of the Credit Risk Bank Acceleration Event set forth in clause (v) or (vi) of the definition thereof or the deemed exercise of the Call Option as a result of such exercise of such Put
Option or (iii) the exercise of the Call Option pursuant to Section 2.02(a)(x) of the Call Option Agreement as a result of the Call Option Early Termination Event set forth in Article IV(a)(y) of the Call Option Agreement or the deemed
exercise of the Put Option as a result of such exercise of such Call Option or (iv) the exercise or deemed exercise of the Put Option as a result of the occurrence of the Put Option Early Termination Event under Article IV(m) of the Put Option
Agreement or the deemed exercise of the Call Option as a result of such exercise of such Put Option. 

 Schedule 2.2(a) 
 Section 2.02. Exercise of Option. 
 (a) The Call Option may be exercised by U.S. Investor serving
a notice upon Canadian Investor (a “Call Option Notice”) (x) at any time during the continuance of a Call Option Event or (y) at any time after December 20February 2, 2009, in each case
specifying a Call Exercise Date not sooner than five fifteen (15), and not later than eight (8), Business Days from the date of receipt
of the Call Option Notice; provided that, in the case of a Call Option Event described in Section 3.01 (b), (c) or (d), if, as determined by U.S. Investor, any such change referred to therein would clearly have
prospective effect only, U.S. Investor shall not designate a Call Exercise Date earlier than the later of (1) fifteen (15) Business Days from the date of the Call Option Notice and (2) the date that is forty-five (45) days prior
to the effective date, as reasonably determined by U.S. Investor, for such change; provided further that, if a Call Option Notice is delivered pursuant to clause (x) above, U.S. Investor shall also specify in such Call
Option Notice the Call Option Event that has occurred and is continuing (including, in the case of the Call Option Events described in Section 3.01 (b), (c), (d) and (e), such other information required pursuant to Section 3.02).

 Notwithstanding the foregoing, 
 (i) upon the occurrence of a Call Option Early Termination Event under clause (d) or (e) of Article IV, U.S. Investor shall be deemed to have delivered a Call Option Notice specifying a Exercise Date of ten (10) Business Days
after the occurrence of such Event of Bankruptcy or such event under clause (e) of Article IV, as the case may be, and any Call Option Notice delivered or deemed delivered hereunder specifying a later Call Exercise Date shall be deemed to have
been revoked; 
 (ii) if a Call Option Notice (which has not been revoked or deemed revoked) specifying a Call Exercise Date of not later
than December 20, 2012 shall not have been delivered (or deemed delivered) before October 20,2012 U.S. Investor shall be deemed to have delivered a Call Option Notice on that day specifying a Call Exercise Date of December 20, 2012.
Any Call Option Notice specifying a later Call Exercise Date shall be deemed to have been revoked; 
 (iii) if a Put Option Notice is
delivered (or deemed to be delivered (other than a deemed delivery pursuant to clause (iii) of Section 2.02(a) of the Put Option Agreement)) pursuant to Section 2.02 of the Put Option Agreement
(other than as a result of the occurrence of a Put Option Early Termination Event described in clause (d) of Article IV of the Put Option Agreement), U.S. Investor shall be deemed to have
delivered a Call Option Notice specifying a Call Exercise Date of five (5) Business Days after prior to the Put Exercise Date specified (or deemed to be specified) in such Put Option Notice (or, in the
case of the deemed delivery of a Put Option Notice as a result of the occurrence of a Put Option Early Termination Event described in clause (d) of  

 
Article IV of the Put Option Agreement, five (5) Business Days after the Put Exercise Date) unless such Put Option Notice
specifies (or is deemed to specify) a Put Exercise Date of December 20, 2012 in which case, U.S. Investor shall be deemed to have delivered a Call Option Notice specifying a Call Exercise Date which is the same as the Put Exercise Date and the
transfer of the Class A Limited Partnership Interest shall be consummated under this Agreement; and 
 (iv) any Call Option Notice
deemed to have been delivered as a result of the delivery of a Put Option Notice shall be deemed to have been revoked if such Put Option Notice shall have been revoked or deemed to have been revoked pursuant to the Put Option Agreement. 

 Schedule 2.2(b) 
 Section 2.02 Exercise of Option 
 (d) For the avoidance of doubt, (x) no delivery (or
deemed delivery) of a Put Option Notice in accordance with the Put Option Agreement shall prohibit or restrict the subsequent delivery or deemed delivery of a Call Option Notice in accordance with this Section 2.02, if U.S. Investor would
in accordance with this Section 2.02 be permitted to specify or be deemed to specify in such Call Option Notice (and U.S. Investor actually specifies or is deemed to specify) a Call Exercise Date earlier than the Call Exercise Date deemed
specified as a result of the delivery of such Put Option Notice and (y) no delivery (or deemed delivery) of a Call Option Notice in accordance herewith shall prohibit or restrict the subsequent delivery or deemed delivery of a Call
Option Notice in accordance with this Section 2.02, if U.S. Investor would in accordance with this Section 2.02 be permitted to specify or be deemed to specify (and U.S. Investor actually specifies in the second such Call Option Notice or
is deemed to specify) a Call Exercise Date earlier than the Call Exercise Date specified in the first such Call Option Notice. Upon the delivery or deemed delivery of any such subsequent Call Option Notice all prior Call Option Notices shall be
deemed revoked. 

 Schedule 2.3(a) 
 Section 2.02. Exercise of Option.  
 (a) The Put Option may be exercised by
Canadian Investor serving a notice upon Credit Risk Bank (a “Put Option Notice”) (with a copy to U.S. Investor) (x) at any time during the continuance of a Put Option Event or (y) at any time after
December 20 February 2, 2009, which Put Option Notice must specify a Put Exercise Date not sooner than ten (10) Business Days (or, in the case of a Put Option Notice delivered pursuant to clause
(y) at a time when U.S. Parent has a Threshold Rating, not sooner than thirty (30) days) from the date of receipt of the Put Option Notice; provided that, in the case of a Put Option Event described in
Section 3.01(b), (c) or (d), if, as determined by Canadian Investor, any such change referred to therein would clearly have prospective effect only, Canadian Investor shall not designate a Put Exercise Date earlier than the later of
(1) ten (10) Business Days from receipt by Credit Risk Bank of the Put Option Notice and (2) the date that is forty-five (45) days prior to the effective date, as reasonably determined by Canadian Investor, for such change;
provided, further, that, if a Put Option Notice is delivered pursuant to clause (x) above, Canadian Investor shall also specify in such Put Option Notice the Put Option Event that has occurred and is continuing (including, in the
case of the Put Option Events described in Section 3.01(b), (c), (d) or (e), such other information required pursuant to Section 3.02). 
 Notwithstanding the foregoing: 
 (i) upon the occurrence of a Put Option Early Termination Event under
(A) clause (d) of Article IV, Canadian Investor shall be deemed to have delivered a Put Option Notice specifying a Put Exercise Date of the date of the occurrence of such Put Option Early Termination Event or (B) clause (m) of
Article IV, Canadian Investor shall be deemed to have delivered a Put Option Notice specifying a Put Exercise Date of thirty (30) days following the occurrence of such Put Option Early Termination Event, and any Put Option Notice delivered or
deemed delivered hereunder specifying a later Put Exercise Date shall be deemed to have been revoked; 
 (ii) if a Put Option Notice (which
has not been revoked) specifying a Put Exercise Date of not later than December 20, 2012 shall not have been delivered (or deemed delivered) before October 20, 2012, Canadian Investor shall be have delivered a Put Option Notice on that day
specifying a Put Exercise Date of December 20, 2012. Any Put Option Notice specifying a later Put Exercise Date shall be deemed to have been revoked; 
 (iii) if a Call Option Notice is delivered (or deemed delivered (other than a deemed delivery pursuant to clause (iii) of Section 2.02(a) of the Call Option Agreement)) pursuant to Section 2.02
of the Call Option Agreement (other than with respect to the occurrence of a Call Option Early Termination Event under clause (d) or (e) of Article IV of the Call Option Agreement), then unless the Class A
Limited Partnership Interest is transferred pursuant to the Call Option Agreement on the Call Exercise Date and all of the payments required by Section  

 
2.03 shall have been made on the Call Exercise Date, Canadian Investor shall be deemed to have delivered a Put Option Notice
on the Call Exercise Date specifying a Put Exercise Date of five (5) Business Days prior to which is the same as the Call
Exercise Date specified in such Call Option Notice; provided that in the case of any unless such Call Option Notice which specifies (or is deemed to specify) a Call Exercise Date of December 20, 2012, in
which case, Canadian Investor shall, as of the delivery of such Call Option Notice, be deemed to have delivered a Put Option Notice, specifying a Put Exercise Date which is the same as the Call Exercise Date and the transfer
of the Class A Limited Partnership shall be consummated under the Call Option Agreement; and 
 (iv) any Put Option Notice deemed to have
been delivered as a result of the delivery of a Call Option Notice shall be deemed to have been revoked if such Call Option Notice shall have been revoked or deemed to have been revoked pursuant to the Call Option Agreement. 

 Schedule 2.3(b) 
 Section 2.02 Exercise of Option 
 (e) For the avoidance of doubt, (x) no delivery (or
deemed delivery) of a Call Option Notice in accordance with the Call Option Agreement shall prohibit or restrict the subsequent delivery or deemed delivery of a Put Option Notice in accordance with this Section 2.02, if Canadian Investor
would in accordance with this Section 2.02 be permitted to specify in such Put Option Notice or be deemed to specify (and Canadian Investor actually specifies or is deemed to specify) a Put Exercise Date earlier than the Put Exercise Date
deemed specified as a result of the delivery of such Call Option Notice and (y) no delivery (or deemed delivery) of a Put Option Notice in accordance herewith shall prohibit or restrict the subsequent delivery or deemed delivery of a Put
Option Notice in accordance with this Section 2.02, if Canadian Investor would in accordance with this Section 2.02 be permitted to specify or be deemed to specify (and Canadian Investor actually specifies in the second such Put Option
Notice or is deemed to specify) a Put Exercise Date earlier than the Put Exercise Date specified in the first such Put Option Notice. Upon the delivery or deemed delivery of any such subsequent Put Option Notice all prior Put Option Notices shall be
deemed revoked.Employment Agreement between the Company and Keshav Murugesh

 Exhibit 10.12 
 

 
 ANNEXURE B 
 Terms and Conditions 
 1.0 WORK RELATED 
 1.1 You will devote full lime to the work of SYNTEL India Ltd. (therein referred as SIL), and shall not undertake an direct / indirect business work / assignment etc.
even on part -time basis whether for any consideration or not, save with the prior written permission from the Company. 
 1.2 You will use your best efforts
in the performance of employment duties assigned to you from time to time and to, at all times, act in good faith and in the best interests of SIL, you will comply with all rules, regulations and procedures established by SIL. 
 1.3 You will retire from the SlL’s services on reaching the age of 60 yrs or earlier if found medically unfit. The age or date of birth already given by you in your
application form would be treated as binding and final. The actual date of retirement shall be the last date of the calendar month in which you were born. 
 2.0 SOFTWARE RELATED 
 You are strictly prohibited from bringing any unauthorized / infringed copies of software in the office premises, from
any external sources or copying software from one computer system to another which may include any violation of the provisions of the Copyrights Act. Non-compliance of this rule will be regarded as a serious offense and you will be subjected to
appropriate disciplinary action. 
 3.0 INTELLECTUAL PROPERTY RIGHTS 
 3.1 You will agree to inform SIL of full details of all your inventions, discoveries, concepts and ideas (collectively called “Developments”), whether patentable or not, including but not limited to,
hardware and apparatus, products, processes and methods, formulae, computer programs and techniques, as well as any improvements and related knowledge, which you conceive, improve, complete, or put in to practice (whether alone or jointly with
others) while you continue in the employment of SIL, and which relate to the present or prospective business, work or investigations of SIL, or which result from any work you do using any equipment, facilities, materials or personnel of SIL; or
which has or have been developed by you or under your supervision, or which result from or are suggested by any work, which you do or may do for SIL. 
 3.2
The ownership of all “developmental” work and documentation created by you shall from the moment of its creation, vest in SIL. Thus, you agree to assign and do hereby assign to SIL, SIL ‘s nominee, your entire right, title and
interest in - 
  

	•	 	 all Developments; 

  

	•	 	 all trademarks, copyrights and mask work rights in the developments; and 

  

	•	 	 all patent applications filed, patents granted on any development, including those in foreign countries, which you conceive or make (whether alone or with others )
while employed by SIL or within two (2) years of the end of your employment (if conceived as a result of your Employment) 

  

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 3.3 You acknowledge existence of SIL’s present and future products, know how, processes, software products,
programs, codes, documentation and flowcharts in any form and agree to abide by the procedures of the Copyright Law in force in India and foreign countries, which prohibits the reproduction of such protected works, in whole or in part, or in any
form or by any other means without the prior written permission of SIL. 
 3.4 You will assign to SIL your entire right, title and interest in any invention
or improvement that you might make solely or jointly with others, during the course of your employment with SIL relating to any and all products / services / software / software tools marketed or manufactured or developed and that you will perform
any acts and execute such documents without expenses to you which, in the judgments of SIL or its attorneys may be needful or desirable to secure to the Company patent protection and any / all rights relating to such invention or improvement.

 4.0 NONSOLICITATION / NONCOMPETE / NONDIVERSION 
 4.1
During the term of this Employment Agreement and for a period of two (2) years subsequent to the termination of this Agreement, you will not, without the prior written consent of SIL, directly, indirectly, or through any other party solicit
business from or perform services for any direct or Indirect SIL customer or any prospective SIL customer whom you had any contact with or exposure to, at any time during the term of this Employment Agreement. 
 4.2 During the term of this Employment Agreement and for a period of two (2) years subsequent to the termination of this Agreement, you will not, without the prior
written consent of SIL seek engagement or employment, either full-time or contractually with any organization that is likely to deploy you on project / assignment in Offshore or Onsite client engagement where SIL is already working for the same
client and where you have been engaged in a project with the client organization for a period exceeding one month. This clause does not apply if a period of one year has already exceeded from the last date of working with the specific client.

 4.3 During the term of this Employment Agreement and for a period of two (2) years subsequent to the termination of this Agreement, you will not,
without the prior written consent of SIL directly, indirectly, or through any other party solicit, offer to, or accept the employment of, persons who are then, or were during the previous six (6) months, employees of SIL or any SIL subsidiary /
associate / affiliate. 
 5.0 SPECIALIZED TRAINING & KNOWLEDGE ACQUISITION 
 5.1 If you have to undergo any specialized training in SIL or arranged by SIL, you will have to undertake a training agreement to serve SIL for a minimum period of one year from the date of undergoing the specialized
training. Liquidated damages in case of breach of agreement in this regard would be Rs.100,000 /- (Rupees One Lac only). During this training period if your performance is found to be unsatisfactory, the Company reserves the right to terminate you
from this employment. 
  

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 5.2 On deputation to a client site for Knowledge Acquisition and subsequent Knowledge Transfer on a client’s
application, either for development, enhancement, maintenance or support, you will be understood to have gathered intellectual property on behalf of SIL while on such deputation. As a consequence, you shall commit to serving SIL for a minimum period
of six months from the date of return to India from the Onsite engagement. This clause does not apply in the event that you are transferred, within SIL, to another client engagement where the value of the initial knowledge acquisition has diminished
and therefore does not constitute knowledge attrition. 
 6.0 CONFIDENTIALITY 
 6.1 In connection with your providing certain products and/or services to SIL and/or on behalf of SIL, you will have access to information concerning SIL and SIL’s clients. As a condition to your being given
access to such information, you agree to treat any information concerning SIL and/or SlL’s clients (whether prepared by SIL, its advisors or otherwise ) which is furnished to you by or on behalf of SIL and/or SIL’s clients (herein
collectively referred to as the “Confidential Information”) in accordance with the provisions of this letter and to take or abstain from taking certain other actions herein set forth. The term “Confidential Information” does not
include information which (i) is already in your possession, or (ii) becomes generally available to the public other than as a result of a disclosure by you or (iii) becomes available to you on a non-confidential basis from a source
other than SIL and/or SIL’s clients. The confidential Information shall be solely used for the purpose of and on behalf of SIL and you further agree that disclosure of the same shall be with prior permission of SIL. 
 6.2 You agree to promptly redeliver to SIL, upon request, all Confidential Information including all Intellectual property rights, whether registered or unregistered on
any tangible media and that you will not retain any copies, extracts or other reproductions in whole or in part of such material. You further agree that breach of this confidentiality letter agreement could cause irreparable harm to SIL and that SIL
shall be entitled to any and all injunctive relief, as well as monetary damages, including reasonable attorney fees, for such breach. 
 7.0 ARBITRATION

 All disputes or difference what so ever arising between the parties out of or related to this contract or the construction or meaning and operation or
effect of this contract or the breach thereof shall be settled by arbitration in accordance with rules of arbitration of the Indian Merchant Chambers and award made in pursuant thereof shall be binding on the parties. 
 You or SIL may demand arbitration by giving a written notice to the other party stating the nature of the controversy. 
 8.0 GOVERNING LAW 
 The validity, construction, interpretation and
performance of this Contract will be governed by Indian Laws and adjudicated upon by a competent Court in Mumbai. 
  

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 9.0 REMEDIES 
 9.1
Notwithstanding paragraph (Arbitration clause), you agree that your failure or neglect to perform, keep, or observe any term, provision, condition, covenant, warranty, or representation contained in this Contract, the confidentiality Contract or any
other agreement between you and SIL will cause SIL immediate and irreparable harm and that SIL is, in addition to all other remedies available to it, entitled to immediate injunctive and equitable relief from a court having jurisdiction to prevent
any breach and to secure the enforcement of its rights hereunder. 
 9.2 Remedies for damages procuring prior to SIL’s knowledge of breach or until
action in breach ends and related in any way to the effects of the breach shall include but not be limited to monetary damage, liquidated damage, attorney’s fees and other cause related to the action. 
 10.0 OTHERS 
 10.1 You will also be covered by the Company’s
Mediclaim and Accident Insurance Policy. 
 10.2. This appointment is being made in good faith on the basis of your CV and other information provided by you
during the course of SIL and your mutual discussions. Any data, which is not in consonance with the information provided by you, shall result in termination of employment forthwith and you shall indemnify SIL in full, for any losses suffered by SIL.
SIL reserves the right to make suitable formal / informal checks with your educational institutions and previous employers as may be applicable. You are requested to produce all the documents as mentioned in the checklist attached on your date of
joining. 
 10.3 You shall not accept any presents, commissions, or any kind of gratification in cash or kind from any person, party, firm or company having
dealings with SIL group of if any companies and if you are offered you will report the same immediately to SIL. 
 10.4 On matters not specifically covered
in this Employment Contract, you shall be governed by SIL’s service rules, practices, etc. which are liable for modifications, additions, total or partial withdrawal, suspension / revocation, etc. from time to time. SIL’s decision on all
such matters shall be final and binding on you. 
 11.0 SEVERABILITY 
 If any clause in this agreement is held invalid, illegal or unenforceable for any reason, that provision shall be severed and the remainder of the provisions of this agreement will continue in full force and effect as
if this agreement had been executed without such invalid provision. 
  

							
	For, SYNTEL (INDIA) Ltd.	 	Confirmed and Agreed to
				
	Signature	 	 /s/ Srikanth Karra
	 	Signature	 	 /s/ Keshav Murugesh

	Name	 	 SRIKANTH KARRA
	 	You Name	 	 KESHAV MURUGESH

	DATE	 	 22 Feb 2009
	 	DATE	 	 22 Feb 2009

  

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