Date: 06th February 2018

Hyderabad.

Subject: Offer of Employment

Mr. Peda Venkatesh Gudikandula,
D.No - 16-183/C,
BC Colony,
Near Vinayaka Temple,
Endugumpalem (Vill),
Nadendla (Mdl),
Guntur-522549,
Andhra Pradesh.

Greetings from Abico Technologies,

Dear Peda Venkatesh,

Based on our recent discussion with you, we are pleased to extend an offer to join Abico
Technologies, as an Software Associate. This letter officially confirms the offered terms
of employment with Organization.

This offer is contingent on you commencing employment with Organization on 12th

February 2018. By accepting this offer, you expressly agree that you will join on such
date, unless otherwise agreed to in writing by Organization. You will be paid a
consolidated salary of Rs. 3,24,000/- subject to tax deduction at source. Details of the
Reference Salary are in the attached Salary break-up annexure. No claim for further
benefits such as reemployment, Medical benefits etc shall be entertained.

At the time of joining, we request you to submit the following documents:

 Photocopy of Birth Certificate, S.S.C. Certificate.

 Photocopy of all the Mark sheets / Consolidated Mark sheets.
 Photocopy of Degree & Post Graduate Degree certificate.
 Previous employment relieving & experience letter (if applicable)
 Certificate of last drawn salary, salary slip(if applicable)
 PAN card and three passport size photographs.
 Proof of Current and Permanent Address.
After Confirmation, either side may terminate your services by giving one (1) Months’
notice in writing or payment of salary in lieu thereof. The Company may immediately
terminate your service without any compensation or notice thereof if you are in moral
breach of your responsibilities.

This offer is subject to employer reference checks, which may be done at a suitable time
deemed by the employer; Either Consultant/company may terminate this contract
during the period of its operation, by giving one (1) months’ notice in writing or
payment of one-month salary in lieu thereof.

In the event of failure on the part of the consultant to issue a notice of termination the
company shall be entitled to hold the consultant liable for the payment of penalty of one
month’s salary in lieu thereof. Regardless of contract duration specified in the
agreement or any renewal period in effect the company may terminate the Consultants
services without any compensation or notice thereof or cause such as moral breach or
responsibilities.

Any time during the term of employment if any of your claims/credentials are found to
be false the employer is entitled to terminate your services with our any compensation
or notice thereof.

Absence for a continuous period of eight days without prior approval of your superior
(including overstay of leave/training), would be deemed to be abandonment of
employment by you and your service with the company shall automatically come to an
end without any notice or intimation.

You will automatically retire on attaining the age of 58 yrs. An extension may however
be given at the discretion of the management. You may be retire earlier if found
medically unfit.

You will be governed by the rules and regulations laid down in the employee hand book,
security policy and any other policy/regulation as enforced, amended or altered from
time to time during the course of your employment.

You further agree that you shall perform your duties with diligence, devotion and
discretion and the company may hold you liable for gross negligence. While in the
employment of the company, you are in no way allowed to be employed by any other
company on a temporary or part time basis or offer your service with or without pay to
any physical person, legal entity or public authority or to be occupied in your business
without the prior consent of the company you will comply with all orders and directions
given to you by the company and faithfully observe all the rules, regulations and
arrangements applicable to you.
I hereby represent and warrant that as of my effective start date of employment with
Abico Technologies, I will have: (a) terminated my employment with any
current/previous employer and any other employment or contractor relationships; and
(b) satisfactorily performed and completed all my obligations which apply/applied to
me via-a-vis any current/previous employer and any other employment or contractor
relationships.

I hereby represent and warrant that I have not, during the course of any
current/previous employer and any other employment or contractor relationships,
entered into or agreed to any arrangement which may restrict, prohibit or debar or
conflict or be inconsistent with my acceptance of the offer made by Abico Technologies,
or employment with Abico Technologies., including, but not limited to, any time-bound
non-compete agreement, restrictive employment agreement or other restrictive terms.

I hereby represent and warrant that I have not and will not inappropriately disclose or
misuse any confidential information obtained from and/or in connection with any
current/previous employer and any other employment or contractor relationships.

On the date of reporting for duty, you are requested to bring all documents as requires
which are mentioned in your offer letter.

Kindly sign and return a copy of this letter duly counter signed by you in acceptance of
the terms and condition set out herein.

We look forward to hearing from you regarding your decision to join our team. I believe
you have a successful career ahead of you and look forward to your joining us.

Yours sincerely,
For Abico Technologies Pvt. Ltd.,

Karthik.M
HR Manager
I have carefully read and understood the terms and conditions of my confirmation letter
outlined here in above. I agree to abide by the same and affix my signature here to signify
my acceptance.

Place: Signature:

Date:
 ANNEXURE

Name : Mr. Peda Venkatesh Gudikandula

Designation : Software Associate

Total Compensation: Rs. 3,24,000.00. A detailed break-up of the annual total

Compensation is given below.

Particulars Per Month Per Annum

Basic & Allowances MONTHLY YEARLY
SALARY STRUCTURE

Basic 9980 119760

House Rent Allowance 4990 59880
City Compensation Allowance 4491 53892
Conveyance Allowance 800 9600
Medical Allowance 1250 15000
Special Allowance 5489 65868
Total Compensation 27000 324000

Yours sincerely,
For Abico Technologies Pvt. Ltd.,

Karthik.M
HR Manager