Document:

Exhibit 10.4

 Exhibit 10.4 
 THE SHARES ISSUABLE UPON LAPSE OF THE RESTRICTION PERIOD WILL 

NOT BE RELEASED TO YOU UNTIL ALL APPLICABLE WITHHOLDING TAXES 

HAVE BEEN COLLECTED FROM YOU OR HAVE OTHERWISE BEEN PROVIDED FOR 

RESTRICTED STOCK UNIT GRANT AGREEMENT 
 UNDER THE SYNTEL, INC. 
 AMENDED AND RESTATED STOCK OPTION AND INCENTIVE
PLAN 
 THIS RESTRICTED STOCK UNIT GRANT AGREEMENT made this
             day of             , 20         by and between Syntel,
Inc., a Michigan corporation (“the Corporation”), and              (the “Grantee”). 
 WITNESSETH: 
 WHEREAS, the Grantee is now employed by the
Corporation or a Subsidiary of the Corporation, and the Corporation desires to provide additional incentive to the Grantee, to encourage stock ownership by the Grantee, and to encourage the Grantee to remain in the employ of the Corporation or a
Subsidiary, and as an inducement thereto, the Corporation has determined to grant to the Grantee a Restricted Stock Unit Award pursuant to the Corporation’s Amended and Restated Stock Option and Incentive Plan, a copy of which is available to
employees on the SyntraNet; 
 NOW, THEREFORE, it is agreed between the parties as follows: 

1. Definitions in Agreement. For purposes of this Agreement, certain words and phrases have the following definitions:

 (a) “Award” means the Restricted Stock Units granted pursuant to this Agreement; 

(b) “Change in Control” for purposes other than Code Section 409A means, as defined in Section 1.4(e) of the
Plan, the occurrence of any of the following events: (i) the acquisition of ownership by a person, firm or corporation, or a group acting in concert, of fifty-one percent, or more, of the outstanding Common Stock of the Corporation in a single
transaction or a series of related transactions within a one-year period; (ii) a sale of all or substantially all of the assets of the Corporation to any person, firm or corporation; or (iii) a merger or similar transaction between the
Corporation and another entity if shareholders of the Corporation do not won a majority of the voting stock of the corporation surviving the transaction and a majority in value of the total outstanding stock of such surviving corporation after the
transaction; provided however, that any such event involving any of the current shareholders of the Corporation as of the date of adoption of this Plan by the Board (or any entity at any time controlled by any such shareholder or
shareholders) shall not be included within the meaning of “Change in Control.” “Change in Control” for Code Section 409A purposes shall have the meaning set forth in Section 1.4(f) of the Plan; 

  
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 (c) “Change in Position” means, as defined in Section 1.4(g) of the
Plan, with respect to the Grantee: (i) the Grantee’s involuntary termination of employment; or (ii) a significant reduction in the Grantee’s duties, responsibilities, compensation and/or fringe benefits, or the assignment to the
Grantee of duties inconsistent with Grantee’s position (all as in effect immediately prior to a Change in Control), whether or not the Grantee voluntarily terminates employment as a result thereof; 

(d) “Code” means the Internal Revenue Code of 1986, as amended; 

(e) “Committee” means, as defined in Section 1.4(i) of the Plan, the Compensation Committee of the Board, or any
other committee or sub-committee of the Board, designated by the Board from time to time, comprised solely of two or more Directors who are “Non-Employee Directors,” as defined in Rule 16b-3 of the Exchange Act, “Outside
Directors” as defined in Code Section 162(m) and Treasury regulations thereunder, and “Independent Directors” for purposes of the rules and regulations of the applicable stock exchange; 

(f) “Common Stock” means the common stock of the Corporation; 

(g) “Corporation” means Syntel, Inc.; 
 (h) “Employment” (whether or not capitalized) means employment with the Corporation or any Subsidiary of the Corporation; 

(i) “Grant Date” means the date of this Agreement as reflected above; 

(j) “Insider Trading Policy” means the policy adopted by the Board that establishes rules regarding the trading of the
Corporation’s securities by its directors, officers, and employees, which policy is available on the SyntraNet; 
 (k)
“Performance Measures” means, as defined in Section 1.4(x) of the Plan, the measures of performance of the Corporation and its Subsidiaries used to determine a Grantee’s entitlement to an Award under the Plan. Such
performance measures shall have the same meanings as used in the Corporation’s financial statements, or, if such terms are not used in the Corporation’s financial statements, they shall have the meaning applied pursuant to generally
accepted accounting principles, or as used generally in the Corporation’s industry. Performance Measures shall be calculated with respect to the Corporation and each Subsidiary consolidated therewith for financial reporting purposes or such
division or other business unit as may be selected by the Committee. For purposes of the Plan, the Performance Measures shall be calculated in accordance with generally accepted accounting principles, but, unless otherwise determined by the
Committee, prior to the accrual or payment of any Award under this Plan for the same performance period and excluding the effect (whether positive or negative) of any change in accounting standards or any extraordinary, unusual or nonrecurring item,
as determined by the Committee, occurring after the establishment of the performance goals; 
 (k) “Plan” means
the Corporation’s Amended and Restated Stock Option and Incentive Plan; 
 (l) “Restricted Stock Unit”
means a right granted under Article IV of the Plan to receive one share of Common Stock for each Restricted Stock Unit at the time the 

  
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applicable restrictions lapse, less any shares withheld to satisfy income and employment tax withholding requirements; and 

(m) “Restriction Period” means the period of time during which a Grantee’s Restricted Stock Units are subject to
restrictions and are nontransferable. 
 2. Grant of Restricted Stock Units. Subject to the terms and conditions
hereof, the Corporation hereby grants to the Grantee             Restricted Stock Units as of the close of business on the Grant Date. 

3. Lapse of Restriction Period. The Restriction Period lapses on or after the following anniversaries of the Grant Date as
to the following cumulative percentages of the Restricted Stock Units: 
  

					
	 On or after the first anniversary
	  	 	25	% 
	 On or after second anniversary
	  	 	25	% additional 
	 On or after third anniversary
	  	 	25	% additional 
	 On or after fourth anniversary
	  	 	25	% additional 

 In accordance with this schedule, on or after the fourth anniversary of the Grant Date, all restrictions on the
Restricted Stock Units shall have lapsed; provided, however, that each of the foregoing anniversaries of the Grant Date shall be deemed automatically extended (1) by the total period of time that the Grantee spends on unpaid leave(s) of absence
between the Grant Date and each such anniversary, and (2) for the duration of any regular or special blackout on trading in Common Stock in effect pursuant to the Insider Trading Policy when the anniversary occurs. 

4. Certificate or Electronic Balance. Except as otherwise provided in this Agreement and in Article IV and
Section 10.3 of the Plan, and subject to applicable federal and state securities laws, shares covered by Restricted Stock Units awarded under the Plan shall become freely transferable by the Grantee and a Common Stock certificate issued or an
electronic balance with a brokerage working with the Plan established following the last day of the Restriction Period and after shares have been withheld to satisfy the applicable income and employment tax withholding requirements. 

6. Termination of Employment. 
 (a) If a Grantee terminates employment for any reason (other than as provided in paragraph (b) below, after a Change in Control), the Grantee’s right to shares of Common Stock subject to
a Restricted Stock Unit Award that are still subject to a Restriction Period automatically shall terminate and be forfeited by the Grantee. 
 (b) In the event of the Grantee’s Change in Position subsequent to a Change in Control, the remaining Restriction Period on any Restricted Stock Units granted hereunder shall immediately lapse
and the shares shall become fully transferable. 
 (c) Except as provided in paragraph (b) above, all Restricted
Stock Units for which the applicable Restriction Period has not lapsed as of termination of employment shall be canceled. 

  
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 (d) A leave of absence with the written consent of the Corporation, or a transfer of
the Grantee from one corporation to another among the Corporation, its Parent and any of its Subsidiaries shall not be deemed to constitute a termination of employment for purposes of this Restricted Stock Unit Award. 

7. Compliance with Securities Laws. Anything to the contrary herein notwithstanding, the Corporation’s obligation to
deliver Common Stock under this Agreement is subject to such compliance with federal and state laws, rules and regulations applying to the authorization, issuance or sale of securities, and applicable stock exchange requirements, as the Corporation
deems necessary or advisable. The Corporation shall not be required to deliver Common Stock pursuant hereto unless and until it receives satisfactory proof either that (a) the issuance or transfer of such shares will not violate (i) any of
the provisions of the Securities Act of 1933 or the Securities Exchange Act of 1934 or the rules and regulations of the Securities Exchange Commission promulgated thereunder, (ii) the rules and regulations of any stock exchange on which the
Corporation’s securities are listed, or (iii) state law governing the sale of securities, or (b) there has been compliance with the provisions of such acts, rules, regulations and state laws. If the Grantee fails to accept delivery
for all or any part of the number of shares specified by such notice upon tender of delivery thereof the Grantee’s right to Common Stock with respect to such undelivered shares may be terminated by the Corporation. 

8. Non-Assignability. The Restricted Stock Units granted hereunder may not be transferred, pledged, assigned, or otherwise
alienated or hypothecated until the Restriction Period applicable to the Restricted Stock Unit has lapsed and the applicable number of shares has been withheld to satisfy any income and employment tax withholding requirements. 

9. Withholding. The Grantee hereby authorizes the Corporation to withhold from Grantee’s Restricted Stock Unit Award
the applicable number of shares of Common Stock necessary to satisfy any requirements for withholding of income and employment taxes arising in connection with the lapsing of the Restriction Period applicable to such Restricted Stock Units. To the
extent that the shares withheld from the Award do not satisfy the minimum withholding requirements or if the Grantee is to receive all the shares due upon the lapsing of the Restriction Period applicable to such Restricted Stock Units, Grantee
authorizes the Corporation to withhold the difference, or the entire amount due, in cash from other compensation owed by the Corporation to the Grantee. The Grantee shall tender such cash amount for the minimum withholding requirements to the
Corporation if the Grantee is not then receiving compensation from the Corporation to cover such amount. 
 10.
Disputes. As a condition to the granting of the Restricted Stock Unit Award granted hereby, the Grantee and the Grantee’s successors and assigns agree that any dispute or disagreement which shall arise under or as a result of this
Agreement shall be determined by the Committee in its sole discretion and judgment and that any such determination and any interpretation by the Committee of the terms of this Agreement shall be final and shall be binding and conclusive for all
purposes. 
 11. Adjustments. In the event of any stock dividend, stock split, reclassification, merger,
consolidation, or similar transaction affecting the shares of Common Stock associated with this Restricted Stock Unit Award, the rights of the Grantee shall be as provided in Section 9.1 of the Plan and any adjustment therein provided shall be
made in accordance with Section 9.1 of the Plan. 

  
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 12. Rights as Shareholder. During the Restriction Period, Grantee may not
exercise voting rights with respect to the Restricted Stock Units granted hereunder. No dividend or distribution of shares declared with respect to the Common Stock associated with this Restricted Stock Unit Award will accrue or be paid until after
the lapsing of the Restriction Period applicable to the Restricted Stock Units. 
 13. Notices. Every notice
relating to this Agreement shall be in writing and if given by mail shall be given by registered or certified mail with return receipt requested. All notices to the Corporation shall be delivered to the Secretary of the Corporation at the
Corporation’s headquarters in Troy, Michigan, or addressed to the Secretary of the Corporation at 525 E. Big Beaver Road, Suite 300, Troy, MI 48083. All notices by the Corporation to the Grantee shall be delivered to the Grantee personally or
addressed to the Grantee at the Grantee’s last residence address as then contained in the records of the Corporation or such other address as the Grantee may designate. Either party by notice to the other may designate a different address to
which notices shall be addressed. Any notice given by the Corporation to the Grantee at the Grantee’s last designated address shall be effective to bind any other person who shall acquire rights hereunder. 

14. Foreign Law Restrictions. Anything to the contrary herein notwithstanding, the Corporation’s obligation to deliver
Common Stock pursuant to a Restricted Stock Unit grant is subject to compliance with the laws, rules and regulations of any foreign nation applying to the authorization, issuance or sale of securities, providing of compensation, transfer of
currencies and other matters, as may apply to the Grantee, if a resident of such foreign nation. To the extent that the Corporation is restricted in accordance with such foreign laws from delivering shares of Common Stock to the Grantee as would
otherwise be provided for in this Agreement, the Corporation shall be released from such obligation and shall not be subject to the claims of the Grantee hereunder with respect thereto. 

15. Governing Law. This Agreement has been made in and shall be construed in accordance with the laws of the State of
Michigan. 
 16. Provisions of Plan Controlling. The provisions hereof are subject to the terms and provisions of
the Plan, a copy of which is available to the Grantee on the SyntraNet. In the event of any conflict between the provisions of this Agreement and the provisions of the Plan, the provisions of the Plan shall control. 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. 

SYNTEL, INC. 
  

			
	By:	 	 
		 	Daniel M. Moore, Chief Administrative Officer

  
  

					
	By:	 	 	 	
		 	Rajesh Save, Global Head – Human Resources

  

                      
                      ,
Grantee                                        
     

  
 5Exhibit 10.18

 Exhibit 10.18 
 EMPLOYMENT AGREEMENT 
 THIS AGREEMENT (“Agreement”) is made as of
September 3, 2012 by and between Syntel INC, 525 E. Big Beaver, Suite 300, Troy, MI 48083 (“SYNTEL”) and Nitin Rakesh (“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. 

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. Syntel agrees to pay Employee $150,000.00 USD as a signing bonus if
Employee commences employment with Syntel not later than September 3, 2012 to be used by Employee for relocation to the United States. Employee agrees that if Employee’s employment with Syntel terminates/ends for any reason whatsoever within
six months of commencement of Employee’s employment that Employee will immediately repay the entire $150,000.00 USD to Syntel. For all subsequent relocation expenses paid to or on behalf of Employee, Employee agrees that 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. 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/ Nitin Rakesh
		 	 Dr. Rajesh Save
 Global Head -
HR
	 		 		 	Nitin Rakesh
						
		 	September 3, 2012	 		 		 	DATE:	 	9/3/12

 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
noninfringement 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	 		 	Confirmed and Agreed to:
					
	By:	 	/s/ Rajesh Save	 		 	By:	 	 
		 	Dr. Rajesh Save	 		 		 	Nitin Rakesh
						
		 	September 3, 2012	 		 		 	Date:	 	9/3/12

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