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Exhibit
(d)(4)
Infocrossing,
Inc.
2 Christie Heights Street
Leonia, NJ 07605
October 16th, 2006
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Sudip Nandy |
Chief Strategy Officer |
Wipro Technologies |
Srajpaur Road, Doddakannelli |
Bangalore 560 035 |
INDIA |
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Ladies and Gentlemen: |
The
purpose of this letter agreement (“Agreement”) is to set forth certain understandings and
binding agreements between Infocrossing, Inc., a Delaware corporation
(the “Company”), and Wipro
Limited, a public limited company incorporated under the Indian Companies Act, 1913 and existing
under the Indian Companies Act 1956, having its registered office at Dodda Kannelli, Sarjapur Road,
Bangalore- 560 035, India (“WIPRO”), in connection with certain discussions and negotiations that
have occurred and shall occur between and among the Company, WIPRO and certain of WIPRO’s
subsidiaries and affiliates relating to a potential business transaction between the Company and
WIPRO (the “Transaction”).
1. Obligation of Confidentiality and Non-Disclosure
(a) In connection with such on-going discussions and negotiations, the Company and
WIPRO and their respective affiliates have exchanged and disclosed, and shall exchange and/or
disclose
certain materials and information that the Disclosing Party (defined below) considers
confidential and
proprietary, which may include, without limitation, information that relates to the Disclosing
Party”s or its
affiliates’ past, present or future business activities, research, developments, plans,
inventions, facilities,
products, services, processes, designs, drawings, engineering, formulae, markets,
methodologies, software
(including source and object code), technical knowledge, data, internal structure, user
interfaces,
hardware configuration, computer programs, algorithms, employees, customers, prospects,
marketing or
financial information and/or other information that has been identified as, or by its nature
may be
reasonably determined to be, confidential (collectively, the
“Disclosed Materials”). As a
condition to the
exchange and/or disclosure of the Disclosed Materials, each party furnishing such information
(as
applicable, the “Disclosing Party”) has required the party receiving such information (as
applicable, the
“Recipient Party”) to agree, as set forth below, to treat confidentially the Disclosed
Materials and any
other information, whenever communicated or furnished, in any form, including without
limitation orally,
electronically and/or otherwise in writing, together with notes, analyses, compilations,
studies, or other
documents or records prepared by the Recipient Party or any of its Representatives (defined
below) which
contain or otherwise reflect or are generated from such Disclosed Materials (collectively,
the “Confidential Information”).
(b) Neither the Recipient Party nor its directors, officers, managers, members, employees,
representatives, advisors or affiliates (collectively, the “Representatives”) shall, without
the Disclosing
Party’s prior written consent, disclose, copy or use (except in connection with the
Transaction) any
Confidential Information of the Disclosing Party. The Confidential Information shall be used
by the
Recipient Party and its Representatives solely for the purposes of evaluating the Transaction
and the
negotiation and documentation thereof and not for any other purpose (i.e., shall not be used to
unfairly compete against or obtain unfair advantage of the Disclosing
Party). The Recipient Party
agrees to protect and safeguard the confidentiality of the Disclosing Party’s Confidential
Information against unauthorized use, publication or disclosure. The Recipient Party shall
restrict access to the Disclosing Party’s Confidential Information to those of its Representatives
who have reason to access such Confidential Information in connection with the Recipient Party’s
evaluation of the Transaction and the negotiation and documentation thereof. The Recipient Party
shall cause its Representatives not to disclose to any other person (other than other
Representatives who are involved with the Transaction and other than as permitted by this
Agreement) the content of the Confidential Material. The term
“person” as used in this Agreement
shall be broadly interpreted to include, without limitation, any natural person, corporation,
company, partnership, business entity or sole proprietorship.
(c) The Recipient Party will not, and will direct its Representatives not to, disclose to any
person other than its Representatives, without the Disclosing Party’s prior written consent: (i)
that the Confidential Information has been made available to the Recipient Party and its
Representatives or that the Recipient Party and its Representatives inspected any portion of the
Confidential Information; (ii) that discussions or negotiations are taking place concerning the
Transaction; or (iii) any of the terms, conditions or other facts with respect to this Agreement or
the Transaction, including the status thereof. All Confidential Information shall be, and at all
times remain, the sole property of the Disclosing Party. The Recipient Party shall maintain records
sufficient to identify locations of all Confidential Information of the Disclosing Party and the
names of all persons having access thereto.
2. Exceptions from Obligation of Confidentiality and Non-Disclosure
This Agreement shall not pertain to Confidential Information that: (i) was independently
developed by the Recipient Party as reasonably demonstrated by such party without use of or
reference to any Confidential Information; (ii) was lawfully acquired by the Recipient Party from
third parties (which had no obligations of confidentiality with respect to such information) as
reasonably demonstrated by such party; (iii) is or subsequently becomes publicly available through
no breach of this Agreement; or (iv) is required to be disclosed by law or by the written order of
a court or other governmental body; provided, however, that the Recipient Party subject to such
order shall provide prompt written notice to the Disclosing Party so that the Disclosing Party may
have time to take action to oppose or limit such order; provided,
further, however, that in the
absence of a protective order, the disclosure shall be limited to that information that the
Recipient Party is advised by counsel is required to be disclosed in order to comply with
applicable law or written order of a court or other governmental body.
3. Return of Confidential Information
The Recipient Party shall immediately return or otherwise shall destroy or delete, as
applicable, the Disclosing Party’s Confidential Information,
including copies thereof, upon the
first to occur of: (i) the date upon which the course of dealings between the parties is
terminated by either party; or (ii) the written request by the Disclosing Party. This includes,
but is not limited to, deletion or removal of all Confidential Information from all computers or
databases. The Recipient Party and its Representatives will continue to be bound by this Agreement
regardless of whether: (i) the Disclosing Party fails to make such a request; (ii) the Recipient
Party or its Representatives fail to return or destroy all the Confidential Information; or (iii)
any Transaction is consummated.
4. No Warranty
While the parties understand and agree that they are exchanging the Confidential Information
hereunder in good faith, neither party makes any representation or warranty, express or implied,
as to the
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accuracy or completeness of the Confidential Information supplied hereunder, including any
estimates, projections or forecasts, and nothing supplied hereunder shall be relied upon by either
party as a promise or representation. The parties agree that neither the Disclosing Party nor its
Representatives shall have any liability to the Recipient Party or its Representatives resulting
from the use of the Confidential Information by the Recipient Party or any of its Representatives
other than for breach of this Agreement.
5. Remedies: Waiver
The parties also hereby acknowledge that each may be irreparably harmed by a violation of this
Agreement and agree that each party shall be entitled to seek an injunction restraining the other
party (or any Representative of such party) from any actual or threatened breach of this Agreement
or any other appropriate equitable remedy without bond or other security being required. The
parties shall be entitled to enforce their respective rights under this Agreement and to recover
damages and costs (including reasonable attorneys’ fees and expenses) caused by any breach of any
provision of this Agreement and to exercise all other rights existing in their favor. It is further
understood that a waiver by any party of a breach of any provision of this Agreement, or a failure
or delay by any party in exercising any right, power or privilege hereunder, shall not operate as
or be deemed a waiver of any subsequent breach by the breaching party or any Representative of such
breaching party, nor shall any single or partial exercise of any right, power or privilege
hereunder preclude any other or further exercise thereof or the exercise of any other right, power
or privilege hereunder.
6. Indemnification
The parties agree to indemnify each other and hold each other harmless from and against any
and all third party claims, causes of action, damages, losses and costs (including reasonable
attorneys’ fees) and liabilities of any nature which may at any time be asserted against or
suffered by any party hereto, directly or indirectly, relating to or arising out of a breach of
this Agreement by such other party hereto or any of such other party’s Representatives.
7. Non-Solicitation of Employees.
Without limiting anything else set forth herein, the parties hereto agree that they shall
not, for a period of twenty-four (24) months from the date of this Agreement, directly or
indirectly, employ, attempt to employ, solicit or divert an employee of the other party other than
as a direct result of a general solicitation not specifically directed at such party.
8. Non-Solicitation of Customers.
Without limiting anything else set forth herein, the parties hereto agree that they shall
not, for a period of eighteen (18) months from the date of this Agreement, (i) solicit, divert or
take away, or attempt to divert or to take away, the business or patronage of any of the clients,
customers or accounts, or prospective clients, customers or accounts, of the other party or any
direct or indirect subsidiary or affiliated corporation of the other party which were contacted,
solicited or served by the other party and in any business engaged in by the other party on the
date of this Agreement or (ii) solicit, induce or attempt to induce any customers of the other
party to cease doing business in whole or in part with or through the other party. Notwithstanding
the foregoing, each party may continue to solicit the business or patronage of any clients,
customers or accounts which it had previously conducted business with as of the date of this
Agreement.
9. Term.
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The term of this Agreement and the obligations of the parties hereunder shall be
effective for a period of four (4) years from the date of this Agreement.
10. Miscellaneous
(a) Severability. If any term or provision of this Agreement is held or deemed to be invalid
or unenforceable, in whole or in part, for any reason, such term or provision shall be
ineffective to the
extent of such invalidity or unenforceability only, and the remaining terms and provisions of
this
Agreement shall continue in full force and effect. The parties hereto desire and intend that
the restrictions
be given effect to the maximum extent permitted by law and equity. They therefore agree that
if any
restriction is determined to be over broad in any manner, that they each shall interpret and
reform this
Agreement to give any such restriction the maximum effect permissible by applicable law and
equity, and
each party agrees to the enforcement of the restriction as so modified.
(b) Governing Law. This Agreement shall be governed by and construed in accordance with
the laws of the State of New York, without giving effect to the conflict of laws principles
thereof. The
parties consent to the exclusive jurisdiction of the state and federal courts of the State of
New York for
the purpose of any suit, action or other proceeding arising out of or otherwise related to
this Agreement,
and expressly waive any and all objections they may have as to venue in any such courts.
(c) Notice. Any notice given by a party under this Agreement shall be in writing, addressed
as set forth herein, and shall be deemed to be duly given (i) when personally delivered, or
(ii) upon
delivery by Federal Express, United States Express Mail or similar overnight courier service
which
provides evidence of delivery, or (iii) when delivered by facsimile transmission if a copy
thereof is also
delivered in person or by overnight courier.
(d) Binding
Effect: Assignment; Amendment; Integration. This Agreement shall be binding
upon the parties and their respective successors and assigns; provided, however, that no
rights or
obligations of a party hereunder may be assigned to a third party without the prior written
consent of the
other party. This Agreement shall remain in full force and effect and may not be amended,
modified or
canceled except by mutual agreement of the parties in writing. This Agreement contains the
entire
agreement between the parties hereto with respect to the transactions contemplated herein and
supersedes
all previous negotiations, commitments, and writings relating to the subject matter hereof.
Signature Page Follows
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If you are in agreement with the foregoing, please sign and return the attached copy of
this Agreement, which will constitute our agreement as to the subject matter herein.
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Very truly yours, |
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INFOCROSSING, INC. |
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By: |
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/s/ Robert Wallach |
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Name: Robert Wallach |
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Title: President, Chief Operating
Officer |
Agreed and accepted this
16 th day of October, 2006.
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By:
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/s/ Sudip Nandy
Wipro Technologies |
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Name: SUDIP NANDY |
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Title: Chief Strategy Officer |
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Address for Notice Purposes:
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Address for Notice Purposes: |
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Sarjapur Road, Doddakannelli
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Infocrossing, Inc. |
Bangalore 560 035
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2 Christie Heights Street |
Karnataka , INDIA
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Leonia, NJ 07605 |
Attn: Sudip Nandy
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Attn: ROBERT WALLACH |
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