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Exhibit 10.2
Lehman Brothers Holdings
Inc.
745 Seventh Avenue
New York, New York 10019
29 September 2008
Dear Sirs
Re: Sale of certain assets and the transfer of
certain employees of the Lehman Brothers Group in the Asia-Pacific
region
We refer to the proposed sale, pursuant to an
asset sale agreement to be dated on or about the date of this
letter, a copy of the form of which is attached, between Nomura
Holdings Inc. (“ NHI ”), certain subsidiaries
(the “ Sellers ”) of Lehman Brothers Holdings
Inc. (“ LBHI ”), and certain insolvency officers
(the “ Insolvency Officers ”) in Hong Kong,
Singapore and Australia (the “ Asset Sale Agreement
”), pursuant to which: (i) leases for real property
occupied by certain of the Sellers will be assigned to NHI or its
affiliates; (ii) certain fixed assets located in such
properties will be sold to NHI; and (iii) certain employees of
the Sellers will be made an offer of employment by one or more
affiliates of NHI (the “ Transaction
”).
We have been informed by the Sellers (and
nothing has come to our attention to contradict such information)
that the Transaction does not involve any sale of the directly
owned assets of LBHI nor does it involve the offer of employment by
NHI or its affiliates to any employees of LBHI other than possibly
one or more employees of LBHI who are currently on secondment to
the Lehman Brothers group companies in Asia (including Australia
and India), the total number of which does not exceed 74 as at the
date of this letter (the “ Transferred Secondees
”), who may or may not be transferred to NHI or its
affiliates in connection wit
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