Document:

EX-10.21

 Exhibit 10.21 

EMPLOYMENT AGREEMENT 
 THIS
AGREEMENT (“Agreement”) is made as of 11th August 2014 by and between Syntel INC, 525 E. Big Beaver, Suite 300, Troy, MI 48083 (“SYNTEL”) and Chris Mason
(“EMPLOYEE”). In consideration of the mutual promises and covenants herein contained, SYNTEL and EMPLOYEE agree as follows: 
 1. Duties.
EMPLOYEE agrees to use EMPLOYEE’s best efforts in the performance of employment duties assigned to EMPLOYEE from time to time and to, at all times, act in good faith and in the best interests of SYNTEL. EMPLOYEE agrees to comply with all rules,
regulations and procedures established by SYNTEL. 
 2. Confidential Information. Simultaneous with the execution of this Agreement EMPLOYEE will
execute and deliver to SYNTEL the confidentiality letter agreement attached hereto as Exhibit A, which confidentiality letter agreement is incorporated herein by reference. 

3. Works of Authorship. Any work of authorship created by EMPLOYEE and all improvements, discoveries, or inventions made or conceived by EMPLOYEE,
either solely or jointly with others, during employment with SYNTEL in any way related to EMPLOYEE’s employment with SYNTEL, the performance of services to any SYNTEL customer, or created, in whole or in part, during working hours or with
information or resources obtained from or through SYNTEL or any SYNTEL customer, shall be promptly reported to SYNTEL and shall be and remain the sole and exclusive property of SYNTEL, without further consideration. Upon request by SYNTEL, all
documents and papers shall be executed, and all reasonable assistance shall be furnished (1) to establish in SYNTEL title to such work of authorship, improvements, discoveries, and inventions and (2) to enable SYNTEL to apply for United
States and foreign patents thereon. EMPLOYEE agrees and warrants that any deliverable or service delivered to SYNTEL and SYNTEL’s use of such deliverable or service will neither infringe any copyrights, nor knowingly infringe any other
intellectual property rights of any entity. 
 4. Effective Date. This Agreement becomes effective upon (1) the execution of and return of this
Agreement, (2) the execution and return of your offer letter, (3) your providing SYNTEL all required work authorization documents to work at the location assigned to you by SYNTEL, and (4) the commencement of your providing services
on behalf of Syntel at the location assigned to you by SYNTEL. 
 5. Compensation/Benefits. SYNTEL shall provide compensation/benefits to EMPLOYEE as
set forth in the letter accompanying this Agreement. 
 6. Non-diversion of Employees. During the term of this Agreement and for a period of two
(2) years subsequent to the termination of this Agreement, EMPLOYEE shall not, without the prior written consent of SYNTEL, directly, indirectly, or through any other party solicit, offer to, or accept the employment of, or assist others to
solicit, offer to, or accept the employment of, persons who are then, or were during the previous six (6) months, employees of SYNTEL or any SYNTEL subsidiary. 

7. Non-solicitation/Non-compete. During the term of this Agreement and for a period of two (2) years subsequent to the termination of this
Agreement, EMPLOYEE shall not, without the prior written consent of SYNTEL, directly, indirectly, or through any other party solicit business from or perform services for any direct or indirect SYNTEL customer or any prospective SYNTEL customer whom
EMPLOYEE had any contact with or exposure to at any time during the term of this Agreement. This two (2) year period shall automatically be extended by any period of time commencing with SYNTEL’s demand of EMPLOYEE for compliance with this
provision and the ultimate resolution of that demand either by agreement of SYNTEL and EMPLOYEE or by court order. 
 8. Former Employer. In the
event EMPLOYEE becomes a party to any proceeding brought by any former employer of EMPLOYEE at any time during or after EMPLOYEE’s employment with SYNTEL, EMPLOYEE recognizes and agrees that EMPLOYEE shall have full and sole responsibility for
responding to such action and that SYNTEL has no responsibility to participate in EMPLOYEE‘s response nor in EMPLOYEE‘s cost of such response. EMPLOYEE agrees that EMPLOYEE shall not, at any time, disclose to SYNTEL or its directors,
officers, employees, or agents the trade secrets or any other confidential information of the EMPLOYEE’s former employer. 

 9. Compliance with Laws/Hold Harmless. EMPLOYEE agrees to comply with all provisions of this Agreement and
with all laws and to indemnify, defend and hold harmless SYNTEL, its employees, agents, officers, and directors, from and against any and all claims, liabilities, damages, costs, and/or expenses of whatever kind or nature, including without limit
court costs and attorney fees, arising out of or related to the failure to so comply other than those claims, liabilities, damages, costs, and/or expenses arising solely from the gross negligence or willful misconduct of SYNTEL. 

10. Remedies. Notwithstanding paragraph 11 below, EMPLOYEE agrees that EMPLOYEE’s failure or neglect to perform, keep, or observe any term,
provision, condition, covenant, warranty, or representation contained in this Agreement, Exhibit A - “Confidential Information”, or any other agreement between EMPLOYEE and SYNTEL will cause SYNTEL immediate and irreparable harm and that
SYNTEL is, in addition to all other remedies available to it, entitled to immediate injunctive and equitable relief from a court having jurisdiction, as set forth in Paragraph 13, to prevent any breach and to secure the enforcement of its rights
hereunder. 
 11. Arbitration and Limitation of Action. In consideration of employment with SYNTEL, EMPLOYEE agrees that any lawsuit, dispute,
controversy, or claim arising out of or related to this Agreement which has not been mutually resolved by the parties (including but not limited to any dispute, controversy, or claim of any kind, including but not limited to disputes relating to any
employment by SYNTEL or the termination thereof, claims for breach of contract or breach of the covenant of good faith and fair dealing, infliction of emotional distress, defamation and any claims of discrimination, harassment or other claims under
Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans With Disabilities Act, the Employee Retirement Income Securities Act, or any other Federal, state or local law or regulation now in existence or
hereinafter enacted and as amended from time to time concerning in any way the subject of the EMPLOYEE’s employment with SYNTEL or its termination) shall be determined and settled according to the Commercial Arbitration Rules of the American
Arbitration Association except for those disputes, controversies, or claims arising out of EMPLOYEE’S failure to abide by Paragraphs 6, 7, and/or Exhibit A “Confidential Information” of this Agreement. In partial consideration for
employment, EMPLOYEE shall not commence any action or other legal proceeding relating to employment or the termination thereof more than six months after the event complained of and agrees to WAIVE ANY STATUTE OF LIMITATIONS TO THE CONTRARY.
EMPLOYEE or SYNTEL may demand arbitration by giving written notice to the other party stating the nature of the controversy. An arbitration panel or an individual arbitrator shall be selected in accordance with the rules of the American Arbitration
Association and the arbitration shall be held in Oakland County, Michigan. The arbitration panel or individual arbitrator shall allow such discovery as is appropriate for the purposes of the arbitration in accomplishing fair, speedy, and
cost-effective resolution of disputes; shall be entitled to award such relief as may be granted by a court in the same jurisdiction; and shall be entitled to determine the allocation of fees associated with the arbitration in accordance with state
statutes in the same jurisdiction. Any award rendered by the arbitration panel or individual arbitrator shall be final, conclusive, and binding upon the parties and a judgment may be enforced in any court having jurisdiction. SYNTEL and EMPLOYEE
agree that they shall treat the arbitration itself and the outcome of the arbitration as confidential. 
 12. Reimbursement Obligation. In the event
EMPLOYEE resigns employment with or is terminated for Cause by SYNTEL within twelve (12) months of the later of relocating to or starting work at a new job site for which SYNTEL provided any relocation expense reimbursement to EMPLOYEE or paid
any relocation expense on behalf of EMPLOYEE, EMPLOYEE recognizes and agrees that EMPLOYEE shall pay to SYNTEL the amount of any such relocation expense reimbursement and/or any relocation expense paid by SYNTEL on behalf of EMPLOYEE. Cause
includes, but is not limited to, breach of this Agreement, neglect of duties, failure to act in the best interests of SYNTEL, and violation of rules, regulations, and procedures established by SYNTEL. 

13. Miscellaneous. This Agreement contains the entire agreement of the parties and SYNTEL shall not be bound by any other different, additional, or
further agreements or understandings except as consented to in writing by the Chief Administrative Officer or the Vice President of Human Resources of SYNTEL. This Agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns. No amendment hereof shall be effective unless contained in a written instrument signed by the parties hereto. No delay or omission by either party to exercise any right or power under this Agreement shall
impair such right or power or 

 
be construed to be a waiver thereof. A waiver by either party of any of the covenants to be performed by the other party or of any breach shall not be construed to be a waiver of any succeeding
breach or of any other covenant. If any portion of any provision of the Agreement is declared invalid, the offending portion of such provision shall be deemed severable from such provision and the remaining provisions of the Agreement, which shall
remain in full force and effect. EMPLOYEE shall not assign or transfer this Agreement without the prior written consent of SYNTEL. EMPLOYEE’s employment with SYNTEL is at will and may be terminated by SYNTEL at any time with or without cause,
and with or without notice. Either party can terminate this employment agreement by providing a notice period of three months or base pay in lieu of such notice, to the other party. All rights and remedies provided for in this Agreement shall be
cumulative and in addition to and not in lieu of any other rights or remedies available to either party at law, in equity, or otherwise. Paragraphs 2, 3, 6, 7, 8, 9, 10, 11, 12, and 13 of this Agreement shall survive termination of this Agreement
and EMPLOYEE’s employment with SYNTEL. The parties submit to the jurisdiction and venue of the circuit court for the County of Oakland, State of Michigan or, if original jurisdiction can be established, the United States District Court for the
Eastern District of Michigan with respect to: a) disputes, controversies, or claims arising out of EMPLOYEE’S failure to abide by Paragraphs 6, 7, and/or Exhibit A - “Confidential Information” of this Agreement, b) claims initiated by
SYNTEL pursuant to Paragraph 10 of this Agreement, and c) the enforcement of any awards or relief granted pursuant to the dispute resolution procedures set forth in Paragraph 11 of this Agreement. The parties stipulate that the venues referenced in
this Agreement are convenient. This Agreement shall be construed under and in accordance with the laws of the State of Michigan. 
 IN
WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first written above. 
  

									
	Syntel INC						
					
	BY:		 /s/ Rajesh Save
				BY:		 /s/ Chris Mason

			Mr. Rajesh Save						
							Chris Mason
			Global Head HR						
					
			04th Aug 2014				DATE:		 8/11/14

 EXHIBIT A 

CONFIDENTIAL INFORMATION 
 In connection with your
providing certain products and/or services to Syntel INC (“SYNTEL”) and/or on behalf of SYNTEL, you will have access to information concerning SYNTEL and SYNTEL’s clients. As a condition to your being given access to such information,
you agree to treat any information concerning SYNTEL and/or SYNTEL’s clients (whether prepared by SYNTEL, its advisors or otherwise) which is furnished to you by or on behalf of SYNTEL and/or SYNTEL’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 your directors, officers, employees, agents or advisors, or (iii) becomes available to you on
a non-confidential basis from a source other than SYNTEL and/or SYNTEL’s clients. 
 You hereby agree that the Confidential Information will be used
solely for the purpose of providing certain products and/or services to and/or on behalf of SYNTEL, and that such information will be kept confidential by you and your advisors; provided, however, that (i) any of such information may be
disclosed to your directors, officers and employees and representatives of your advisors who need to know such information for the purpose of providing such services to and/or on behalf of SYNTEL (it being understood that such directors, officers,
employees and representatives shall be informed by you of the confidential nature of such information and shall be directed by you to treat such information confidentially), and (ii) any disclosure of such information may be made to which
SYNTEL consents in writing. 
 Notwithstanding the foregoing, if you or any of your representatives are required (by oral question or request for
information or documents in legal proceedings or similar process) to disclose any Confidential Information, you will promptly notify SYNTEL of such requirement so that SYNTEL may seek an appropriate protective order and/or waive your compliance with
the provisions of this Agreement. If, in the absence of a protective order or the receipt of a waiver hereunder, you or any of your representatives is nonetheless, in the reasonable written opinion of counsel, compelled to disclose Confidential
Information to any tribunal or else stand liable for contempt or suffer other censure or penalty, you or your representatives, after notice to SYNTEL, may disclose such Confidential Information to such tribunal. You or your representatives shall not
be liable for the disclosure of Confidential Information hereunder to such tribunal compelling such disclosure unless such disclosure to such tribunal was caused by or resulted from a previous disclosure by you or your representatives not permitted
by this Agreement. 
 You agree that the furnishing of Confidential Information neither grants nor implies any license under any trademark, patent,
copyright, methodology, intellectual property or process right, or any other property right nor does the furnishing of Confidential Information constitute an inducement of any kind, or any representation, warranty, assurance, or guarantee with
respect to the no infringement of trademarks, patents, copyrights, methodologies, intellectual property rights or processes, or any other property rights of third persons or of SYNTEL. You agree to promptly redeliver to SYNTEL, upon request, all
Confidential Information 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 SYNTEL and that SYNTEL shall be entitled to any and all injunctive relief, as well as monetary damages, including reasonable attorney fees, for such breach. 

You agree that this confidentiality letter agreement contains the entire agreement between you and SYNTEL regarding Confidential Information and SYNTEL shall
not be bound by any other different, additional, or further agreements or understandings except as consented to in writing by SYNTEL. This confidentiality letter agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns. No amendment hereof shall be effective unless contained in a written instrument signed by the parties hereto. No delay or omission by either party to exercise any right or power under this Agreement shall
impair such right or power or be construed to be a waiver thereof. A waiver by either party of any of the covenants to be performed by the other party or of any breach shall not be construed to be a waiver of any succeeding breach or of any other
covenant. If any provision of this confidentiality letter 

 
agreement is declared invalid, such provision shall be deemed severable from the remaining provisions of the confidentiality letter agreement, which shall remain in full force and effect. All
rights and remedies provided for in this confidentiality letter agreement shall be cumulative and in addition to and not in lieu of any other rights or remedies available to either party at law, in equity, or otherwise. This letter shall be governed
by, and construed in accordance with, the laws of the State of Michigan. 
  

									
	Very truly yours,		
	
	Syntel INC
					
	BY:		 /s/ Rajesh Save
				BY:		 /s/ Chris Mason

			Mr. Rajesh Save						
							Chris Mason
			Global Head HR						
					
			04th Aug 2014				DATE:		 8/11/14EX-10.22

 Exhibit 10.22 

Terms and Conditions: 
 1.0 WORK
RELATED 
 1.1 You will devote full time to the work of SYNTEL Ltd. (herein referred as SL), and shall not undertake any 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 SL, you will comply with all rules, regulations and procedures established by SL. 
 1.3 You will retire from the
SL’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 SL 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
SL; and which relate to the present or prospective business, work or investigations of SL; or which result from any work you do using any equipment, facilities, materials or personnel of SL; 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 SL. 
 3.2 The ownership of all “developmental”
work and documentation created by you shall from the moment of its creation, vest in SL. Thus, you agree to assign and do hereby assign to SL, SL’s nominee, your entire right, title and interest in - 

 

	•	 	all Developments; 

  

	•	 	all trademarks, copyrights and mast 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 SL 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 SL’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 SL. 
 3.4 You will assign to SL 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 SL 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 SL 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 / NONCOMPLETE / 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 SL, directly, indirectly, or through any other party solicit business from or perform services for any direct or indirect SL customer or any prospective SL 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 SL, 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 SL 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 SL 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 SL or any SL subsidiary / associate / affiliate. 
 5.0 SPECIALIZED TRAINING and
KNOWLEDGE ACQUISITION 
 5.1 If you have to undergo any specialized training in SL or arranged by SL, you will have to undertake a
training agreement to serve SL 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 if 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 SL while on such deputation. As a consequence, you shall commit to serving SL 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 SL, 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 SL and/or on behalf of SL, you will have access to information concerning SL
and SL’s clients. As a condition to your being given access to such information, you agree to treat any information concerning SL and/or SL’s clients (whether prepared by SL, its advisors or otherwise) which is furnished to you by or on
behalf of SL and/or SL’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 SL and/or SL’s clients. The confidential Information shall be solely used for the purpose of and on behalf of SL and you further agree that disclosure of the same shall be with prior
permission of SL. 
 6.2 You agree to promptly redeliver to SL, 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 SL and that SL 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 whatsoever
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 SL may demand arbitration by giving a written notice to the
other party stating the nature of the controversy. 
 8.0 GOVERNING LAW 

The validity, constructing, 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 7.0 (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 SL will cause SL immediate and irreparable harm and that SL 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 SL’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 SL 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 SL in full, for any losses suffered by SL. SL 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 SL group of companies and if you are offered you will report the same immediately to SL. 
 10.4 On matters not specifically covered in
this Employment Contract, you shall be governed by SL’s service rules, practices, etc. which are liable for modifications, additions, total or partial withdrawal, suspension / revocation, etc. from time to time. SL’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 Ltd.				Confirmed and Agreed to
					
	Signature		/s/ Var				Signature		/s/ Srinath
	Name		V. Shiham				Your Name		SRINATH
	DATE:		13/01/2009				DATE:		13/01/09

  
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