Date :29 July 2020

Syed Mohammed Hadi

12-2-720/18, Nanal Nagar, Mehdipatnam, H

Hyderabad-500028

Sub: Employment Letter

Dear Syed,

With reference to your application and subsequent interactions we are pleased to offer you an Employment as CCE in the
Operations with CONNEQT Business Solutions Limited (The Company) with effect from 29 July 2020 on the following terms
and conditions.

You will be paid an Annual Gross Salary of INR. 148445.00 In addition to the above, you will be covered under PF, ESI,
Bonus, Gratuity etc., if applicable as per law. Based on the present applicability your annual CTC would be Rs 170208.0
This may undergo change in view of the changes in the laws. Detailed break-up of the monthly and annual CTC is annexed
to this letter as annexure A
Please note that the information pertaining to remuneration and benefits payable to you is CONFIDENTIAL and should not
be shared with anyone other than the authorized representative(s) of the Company.

The above mentioned offer shall be valid if you join us on 29 July 2020.Should you have any further queries, please feel free
to contact our Recruitment Team.
You will initially be posted at our Hyderabad (R) Office. The Company may transfer your services to any of the existing office
(s)/ department(s) / division(s) / Section(s) / establishment(s) of the Company including any of its subsidiaries / holding /
associate company or that may come into existence in the future in India or abroad. Your transfer shall be governed by the
Company’s Transfer Policy and Regulations, as may be in force from time to time.
You will be working on flexible timings as may be decided by the Company.

Your joining shall be subject to submission of copies of testimonials (originals to be presented):

1. Academic qualification certificates (Matriculation onwards) including proof of date of birth and professional
proficiency certificates, where applicable

2. Experience certificate(s), Relieving letter/ Clearance certificate, from your previous employer(s), as applicable.
(Relieving letter is a must)

3. PAN Card and Aadhar Card

4. Cancelled Cheque
You will be on probation for a period of six months from the date of your joining the Company, post which you will be
deemed confirmed unless you receive an extension of probation in writing. During Probation period your notice period would
be for 15 days prior notice by either side.
Upon completion of Probation period; your employment with the Company can be terminated upon 30 Days prior notice by
either side. However, the Company reserves the right to, at its sole discretion; substitute the 30 days prior notice by paying
you salary for 30 days in lieu thereof. Though if not certified during the training period the company has the complete rights
to terminate the employment without any prior notice. Your termination/ resignation letter,(by whatever name called) will be
accepted by the Company only on your satisfying the 30 days notice period as stated in this Clause. Further, till such time as
the Company accepts your separation & relieves you of the responsibilities, you will be deemed to be an employee of the
Company and the terms and conditions of your employment shall continue to bind you.

In the event of separation, for any reason whatsoever, within a period of 12 months from your date of joining, all expenses
incurred by company or reimbursed to you upon joining/ in connection with your joining shall be recovered from you. The
company also reserves the right to recover the training expenses incurred.
This overrides all verbal commitments made. Please sign and return the duplicate copy of this letter in token of your
acceptance of the terms described in this letter.
Looking forward to a mutually beneficial association.

Welcome once again and wishing you the best time ahead!!!

For CONNEQT Business Solutions Limited.

Tony Jacob Joseph

I accept the terms of this letter
Assistant Vice President - Human Resource
Name Syed Mohammed Hadi
Grade 1A
Designation CCE
You will be entitled to the following remuneration effective your date of joining.
Component Amount (Rs) Per Amount (Rs) Per
Month Year

A. Fixed Pay

Basic Salary 4,964.00 59,573.00

House Rent Allowance 2,978.00 35,736.00

Conveyance Allowance 1,600.00 19,200.00

Other Allowance 1,705.00 20,460.00

Advance Statutory Bonus 414.00 4,968.00

B. PERFORMANCE INCENTIVE: This will be payable on a monthly basis. The payout shall vary from 0% to 150% based on your PMI
Rating. There would be no payout during the training period. The details of the policy will be communicated to you separately.

PERFORMANCE INCENTIVE @ Meeting Expectation( 100%) 709.00 8508.00

C. MONTHLY GROSS (A+B) 12370.00 148445.00

D. BENEFITS

PROVIDENT FUND - Company Contribution (As per the PF Act; 12% of salary components specified
by PF authorities and it will be paid to PF Department towards Company's Provident Fund 992.00 11908.00
Contribution. As per the act, you will con tribute the same amount as employee contribution)

GRATUITY (As per the Gratuity Act. This amount will go towards the gratuity fund and will be paid to
239.00 2868.00
you on completion of 5 years with the company)

ESI - Company Contribution (As per the ESI Act, company shall contribute 3.25% of your monthly
gross for ESI. This amount is directly linked to your monthly gross and may hence vary. As per the 402.00 4824.00
act, 0.75% of your monthly gro ss will be recovered towards you.

Insurance (You will be covered under insurance as per the company policy and can change as per
180.00 2160.00
the management discretion)

E. TOTAL COST TO COMPANY (C + D) 14184.00 170208.00

F. Employee Contribution

PROVIDENT FUND - Employee Contribution (As per the PF Act; 12% of salary components specified
by PF authorities and it will be paid to PF Department towards Company's Provident F und 992.00 11908.00
Contribution. As per the act, you will contribute the same amount as employee contribution)
ESI -Employee Contribution (As per the ESI Act, employee shall contribute 0.75% of your monthly
gross for ESI. This amount is directly linked to your monthly gross and may hence vary . As per the 93.00 1113.00
act, 0.75%
Provident of your
Fund monthly will
Contribution gross
be will be recovered
calculated towards you.
on Basic+Conveyance+Other allowance+Food coupons+Education allowance + Special
allowances if any. Contribution is limited to Rs. 15000/- wages as stipulated under Provident Fund Act.

I accept the terms of this letter

 Terms and Conditions of Employment

This appointment is subject to your not being a partner or relative of a Director of the Company within the meaning of
Section 314 of the Indian Companies Act, 1956. Should any such relationship exist, you will bring forth the same to our
notice immediately and we shall intimate to you the necessary approvals/ permissions required for your employment. In
such an event you will be able to join the company only after all permissions/ approvals are obtained.
As an employee, you will be privy to sensitive and commercially valuable information concerning company and
business. Such information is deemed to be the property of the company, and must not be disclosed during or after this
employment to any third party without prior written consent of the company. Hereby, you undertake to indemnify the
company and its affiliates from any loss or damage arising from any breach of this undertaking.
You are forbidden to engage yourself in any other trade, or profession directly or indirectly and whether for gainful
purpose or otherwise. Should you wish to pursue academic advancement, you will have to obtain a written permission
for the same and ordinarily it shall be allowed provided it does not adversely affect your work-place responsibilities/
discharge of duties.
Please note that in the event of misconduct on your part, including but not limited to absenting yourself without prior
sanctioned leave or harassment (sexual or otherwise) meted out to any other employee, the company may terminate
your employment Please note that if the employment is terminated on account of disciplinary action against you, the
clause relating to 30 Days’ notice period is not applicable.

During the period of your employment inventions, creations, discoveries, patents, copyrights, shall become the property
of the Company. You will not have any right to claim the ownership of it and assign the same to the Company.

Your appointment is contingent upon successful completion of Background verification. The background checks are not
restricted to education and employment but to all aspects as per the appropriate selection procedure. Please note that
furnishing of false information or suppressing any facts is a disqualification for employment in this Company. Should
such an act come to our notice at any time during the period of your employment in the Company, your services will be
liable to be terminated with immediate effect.

You will superannuate from the services of the company on attaining the age of 58 years without any notice whatsoever
from the company in this behalf.

The above-mentioned does not purport to be exhaustive employment terms. You will be governed by the rules and
regulations laid by the company from time to time. The afore mentioned terms and other rules & regulations shall
remain current and binding until you are separated from the Company by way of a written agreement/ letter issued to
you.
This overrides all verbal commitments made. Please sign and return the duplicate copy of this letter in token of your
acceptance of the terms described in this letter. Should there be any dispute with regard to the terms stipulated herein,
the same shall be resolved in accordance with the laws of India and any dispute/ reference to this shall be dealt at
Hyderabad (Telangana) under the exclusive jurisdiction of the Courts of India.
I have read through the above terms and conditions of employment and hereby accept.

Name: Signature: Date: