Citigroup (C)

Global Expatriate Assignment — Letter of Understanding

On behalf of Global Mobility, I am pleased to confirm the terms and conditions relating to your expatriate assignment to Asia Pacific Region including Japan in Hong Kong.  Your assignment is scheduled to commence on 1st May 2008, subject to your obtaining the appropriate work permit/visa approvals.  Citigroup will assist you and your family in obtaining the appropriate documents.

During your expatriate assignment, your salary and benefits will be controlled exclusively by and administered solely under the terms and conditions of the expatriate program. Therefore, you are not eligible for any benefits or salary provided locally in Hong Kong.  However, you will be subject to certain local practices, such as office holiday schedules, and restrictions in certain countries on participation in Citigroup equity compensation and investment programs.

The following is a general summary of the key elements of the expatriate policy and benefit plans that apply to your assignment. Other than in relation to the provisions on duration of assignment and notice (see below), in the event of any inconsistency between the following summary and the applicable policy or plan, the terms and conditions of the applicable policy or plan shall control and govern for the period of your expatriate assignment.

Attached is a preliminary salary worksheet, which will provide you with an estimate of your compensation and allowances under the expatriate program.  Allowances fluctuate based on various conditions, including exchange rates.  Refer to the applicable Expatriate Handbook for details.

Global Expatriate Assignment — Letter of Understanding

On behalf of Global Mobility, I am pleased to confirm the terms and conditions relating to your expatriate assignment to Asia Pacific Region including Japan in Hong Kong.  Your assignment is scheduled to commence on 1st May 2008, subject to your obtaining the appropriate work permit/visa approvals.  Citigroup will assist you and your family in obtaining the appropriate documents.

During your expatriate assignment, your salary and benefits will be controlled exclusively by and administered solely under the terms and conditions of the expatriate program. Therefore, you are not eligible for any benefits or salary provided locally in Hong Kong.  However, you will be subject to certain local practices, such as office holiday schedules, and restrictions in certain countries on participation in Citigroup equity compensation and investment programs.

The following is a general summary of the key elements of the expatriate policy and benefit plans that apply to your assignment. Other than in relation to the provisions on duration of assignment and notice (see below), in the event of any inconsistency between the following summary and the applicable policy or plan, the terms and conditions of the applicable policy or plan shall control and govern for the period of your expatriate assignment.

Attached is a preliminary salary worksheet, which will provide you with an estimate of your compensation and allowances under the expatriate program.  Allowances fluctuate based on various conditions, including exchange rates.  Refer to the applicable Expatriate Handbook for details.