May 8, 2007 Mr. Dinesh Paliwal Dear Dinesh: Reference is made to that certain letter agreement dated May 8, 2007, by and between you and Harman International Industries (“Harman”), regarding your new employment with Harman as its President, Chief...Employment Agreement • June 20th, 2007 • KHI Parent Inc.
On behalf of KHI Parent Inc., an affiliate of Kohlberg Kravis Roberts & Co. (“KHI”), this letter constitutes our agreement with you regarding your continued service under the Harman Letter as of and after the closing of the acquisition of Harman by KHI announced on April 26, 2007 (the “KHI Transaction”). By this letter agreement, KHI and you each agree that, subject to the closing of, and on and after the closing of the KHI Transaction (the “Closing”), the Harman Letter will continue to govern the terms and conditions of your employment with Harman, except that, effective as of the Closing, the Harman Letter shall be deemed amended to reflect the agreements contained herein. All terms not defined in this letter agreement will have the meaning set forth in the Harman Letter and, if no such term is defined therein, as set forth in that certain Agreement and Plan of Merger among KHI, KHI Merger Sub Inc. and Harman, dated April 26, 2007 (the “Merger Agreement”).
