11-03-2024

ARUP KUMAR SARMA

VILL/PO-MUGKUCHI, PS-NALBARI

Dear ARUP KUMAR SARMA,

Congratulations!!! With reference to your application and subsequent discussions, we are pleased to offer you an appointment with Teammates
Insurance Marketing Private Limited., as per the following terms:

1 Designation SALES MANAGER

2 Grade G-3
INR 240000 inclusive of all taxable and non-taxable emoluments, allowances,
3 Total Fixed Pay
perquisites, benefits and statutory contributions
You would be eligible to participate in the various Sales Incentive plan, as
4 Incentives
applicable, in a given financial year, by the Company in its sole discretion
5 Date of Joining On or before 11/03/2024
6 Place of Work NALBARI

PROBATION
You shall be in probation for the initial six (6) months of your employment (“Probation Period”). The Company reserves its right to extend your
Probationary Period for a further period of one (1) month or more (“Extended Probation Period”) without assigning any reason, should this be
considered necessary by your manager. During the probation period or Extended Probationary Period, your employment may be terminated
either by you or by the Company by giving 15 days’ notice or payment of salary in lieu thereof.

During the Probation Period, you shall be required to successfully meet the targets/goals sheets assigned to you from time to time at the sole
discretion of the company. You will be evaluated from the end of the first month of the commencement of the probation period or during such
other intervals as determined by the company. In case you fail to successfully complete the above mentioned target, the Company reserves the
right to take appropriate action against you including but not limited to termination of your contract of employment. You would be evaluated on
a range of parameters, including but not limited to the achievement of the targets/performance mentioned in your Goal Sheet, with the objective
of assessing your suitability for the assigned role. At the end of the Probation Period your manager will conduct a final review with you and if
your conduct and performance have been found to be satisfactory, then your employment will be confirmed unless otherwise determined by the
company in accordance with its process and policies as amended from time to time.

TRAINING / INDUCTION
Notwithstanding anything contained herein, throughout the course of your employment (During your Induction, probation and after confirmation
of your services), you are required to compulsorily and successfully complete all the trainings prescribed by the Company within such specific
period as prescribed and determined by the company from time to time at its sole discretion in accordance with its process and policies amended
from time to time. Participation in the training prescribed by the Company is compulsory and no employee shall have the right to reject or refuse
to attend any training without providing legitimate reason.

PERFORMANCE & TARGETS

At relevant times during the course of your employment including from the time when you join the Company, a communication regarding the
minimum performance level (“Goal Sheet”) required to be achieved and maintained by you at each stage of your employment would be issued to
you. The Company in its sole discretion reserves the absolute right to revise /update/amend and communicate your Goal Sheet/Targets at any
time, by any mode(s) which it may deem fit and convenient.
At such intervals or at any time during the course of your employment the, Company would evaluate your performance against the level
prescribed in your Goal Sheet as amended from time to time as per the changing business requirements. You explicitly understand and agree with
the company that the Goal sheet shall be amended /updated /varied /changed by the company at its sole discretion to meet its business
requirements from time to time.

In addition to complying with rules and sales practices and upon satisfactory completion of training and/or certification prescribed by the
Company, you shall be eligible to solicit life insurance business from customers. You shall not authorize any person to act on your behalf to
solicit insurance business. Further, you would disclose your identity to prospective/existing customers and present your identity card to any
customer, when requested. Any violation of the clause in addition to the other prescribed terms and policies of the Company would attract
appropriate disciplinary proceedings.
You are expected to sign and return your goal sheet, separately as a token of your acceptance of it. Notwithstanding anything contained herein,
the Company shall be at liberty to revise the Performance Target, without taking separate consent from you, from time to time to keep pace with
the changing business requirements.

TRANSFER
Your employment can be transferred by the Company in such capacity or to such department as the Company may determine, from time to time,
anywhere in India or abroad, as per the business needs of the Company. Such transfers will not automatically create any rights to a revision in
your salary or result in any modification to the other terms and conditions of your employment.

EXCLUSIVE SERVICE
Unless the Company otherwise consents, in its sole discretion, you will devote your entire resources and full and undivided attention exclusively
to the business of the Company during the term of your employment with the Company and you shall not accept or undertake any other
employment, engagement, consultancy or business or any other activity which conflict with your obligations to the Company (honorary or
otherwise). Any contravention of this will lead to termination of your employment from the Company without any notice or compensation in lieu
of notice. Further, such contravention will be deemed as voluntary termination/resignation by you of your employment without the required
notice having been given.

CONFIDENTIALITY
The Company considers the protection of its confidential information and proprietary materials to be very important. All work or material
developed by you during the course of your employment with the Company will remain the sole and exclusive property of the Company. Any
unauthorized disclosure of confidential or copyrighted materials of the Company would attract appropriate action from the Company including
and not limited to termination of your employment and legal prosecution as necessary. You shall not disclose or divulge or cause to be disclosed
or divulged confidential information even when you are no longer in the employment of the Company.

HOLIDAYS & LEAVE

You will be eligible for holidays and leave as per the policies of the Company in respect of leave and holidays.

RESIGNATION
Upon confirmation of your employment, you may resign from the employment of the Company by providing 30 days’ notice The Company may,
at its discretion, require you to serve the entire notice period or accept notice pay in lieu of notice. In case the relieving date is short of the notice
period, you will be bound to pay the notice period shortfall (calculated on your last drawn basic salary) for the differential period. The Company
may, at its absolute discretion, agree to waive the above-mentioned notice period that is required to be given/served by you, as per the exit policy
of the Company

TERMINATION
Notwithstanding the foregoing or the provisions of the para above, the Company reserves the right to terminate your employment without any
notice or salary in lieu thereof for reasons including but not limited to non-performance, misconduct, negligence of duty, disloyalty, dishonesty,
insubordination, misrepresentation, indiscipline, disobedience, breach of your obligations under the Non-Disclosure Agreement, irregular
attendance, or any act detrimental to the interests of the Company.
NO DUES CLEARANCE UPON SEPARATION
On termination of employment and/or your resignation, you shall handover all the Company properties like tools, accessories, documents,
specifications, books, etc. of whatsoever nature or media in your custody, care or charge and hand over the charge to the person nominated by
your reporting manager and also obtain clearance from the relevant person(s), office(s), department(s), on production of which alone, your dues,
if any, will be settled by the Company.

RETIREMENT
Your age of retirement from the employment of the Company will be on completion of fifty-eight years. The actual date of retirement shall be
the last working day of the calendar month in which your 58th birthday falls.

NON-COMPETE
On termination of your employment and/or your resignation, if you join any of the companies operating in the insurance industry, you will not
assist, whether directly or indirectly, in the hiring of the Company’s employees and/or financial advisors, for a minimum period of 6 months
from cessation of your employment with us.

PAST RECORD
If any declaration given or information furnished by you to the Company proves to be false or if you are found to have willfully suppressed any
material facts, in your application for employment or otherwise, your employment is liable to be terminated without any notice or compensation
whatsoever.

OTHER TERMS AND CONDITIONS

You are bound to abide by and adhere to the policies, rules and regulations enforced by the Company from time to time including those related to
conduct, discipline, benefits, salary review, retirement and any other matters as though these policies, rules, and regulations were part of your
contract of employment. Such policies, rules and regulations may be amended from time to time, at the sole discretion of the Company, and in
the event of such an amendment, you shall be governed by the amended polices, rules, and regulations.

VALIDITY OF APPOINTMENT
This offer of appointment is subject to the following:

Your sending confirmation of acceptance to this offer within 3 days of receiving this offer
Your joining the services of the Company on or before 11/03/2024.
Your submitting relieving documents from your present employer, certificates & other testimonials at the time of joining or earlier and
completing all joining related formalities within 15 days from date of joining.
Your character antecedents / reference checks being found satisfactory in all respects
Your acceptance of terms and conditions contained herein.

EQUAL EMPLOYMENT OPPORTUNITY

Teammates Insurance Marketing Private Limited. is committed to the principle of equal employment opportunity for all employees and
applicants. All employment decisions at Teammates Insurance Marketing Private Limited are based on business needs, job requirements and
individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age,
physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic
partnership status, family or parental status, or any other status protected by the laws or regulations. Teammates Insurance Marketing Private
Limited will not tolerate discrimination or harassment based on any of these characteristics

If the terms & conditions stated above are acceptable, please sign the duplicate copy of this letter as a token of your acceptance and return it to us
latest by 14-03-2024.

We look forward to your being a part of Teammates Insurance Marketing Private Limited. and trust that you will not only enjoy working here but
will contribute to the growth and prosperity of the Company
Best wishes I Accept

---------------------------------- ----------------------------------
Pankaj Sharma ARUP KUMAR SARMA
Chief Managing Director
Teammates Insurance Marketing Private Limited
 Compensation Structure

Employee ID SM47087696

Employee Name ARUP KUMAR SARMA

Employee
Designation SALES MANAGER
Details

Grade G-3

ESI Applicability No

Total Fixed Pay 240000

Basic Salary 96000

Provident Fund - Employer

0
Contribution

Employee State Insurance -

0
Employer Contribution

Total
Fixed Pay House Rent Allowance 48000
(TFP)

Special Allowance 48000

Gratuity 0

Statutory Bonus 48000

In addition to the employer contribution, the employee contribution shall be a deduction from Total Fixed Pay (BASIC
SALARY)

Target
Variable As per Sales Incentive Plan
Pay