iecctrresehny , DU GRAND-DUCHE DE LUXEMBOURG Ministére des Affaires étrangeres et européennes Direction de immigration aE UiJob" the employment of the Emplayee by the Company in accordance with the terms of this Agreement; ©) “Group Company"the Company, any company of which it is a subsidiary (being a holding company of the Company) and all subsidiaries of the Company or any holding company from time to time: d) “Subsidiary”a company as defined in Chapter 105 of the Companies Act 2002; (e) “Date of termination of employment’ :the date on which the employment ends. 2. Position has.)Upon signing this agreement, the employee would be assigned as store supervisorfor our new project at40a Rue Andethana, 6970 Oberanven Niederanven.Luxembourg society. ‘b)After the end of the probationary period, the Employer may decide to confirm the employee's employment, at its sole discretion. After the end of the probationary period, this Agreement may be terminated in accordance with Article 12 of this Agreement. 3. Duration and period of probation and food accommodation has.JIt is understood and agreed that the first 3 months (90) days of employment will constitute a trial period ("Trial Period") during which the Employer may, at its absolute discretion, terminate the ‘employment of the employee, without giving reasons and without notice or cause. b.)After the end of the probationary period, the Employer may decide to confirm the employee's employment, atits sole discretion. GJFood and accommodation will be provided by the company. 4. Remuneration Subject to the following provisions of this Agreement, during the period of employment, the Employee shall be compensated for his services as follows: has.)The Employee shall receive an annual salary, payable monthly, at the convenience of the Employer, in the amount of$4,948euros per year ord. 4579euros accumulated monthly, subject to such increases from time to time as may be determined by the Employer. Such payments shall be subject to normal statutory deductions by the Employer. b.)During the term of this Agreement, the Employee's salary shall be paid by means of bank transfer, check, or any other method convenient to the Employer, and consented to by the Employee. All reasonable expenses arising out of employment shall be reimbursed assuming they were authorized prior to being incurred and upon presentation of appropriate receipts.LE GOUVERNEMENT DU GRAND-DUCHE DE LUXEMBOURG Ministere des Affaires étrangéres et européennes 5. Employee obligations ae has.)When signing the agreement, the employee must not engage in any kind of theft, fraud, misrepresentation or any other illegal act either in the workplace or outside the workplace. If he does so, the Company will not be liable for such act carried out at its own risk. b.JThe employee further undertakes never to steal the Employer's property or attempt to defraud the Employer in any way. The employee shall always ensure that his conduct is in accordance with all rules, regulations and policies of the company as notified from time to time. JThe Employee shall not accept any part-time of full-time employment or consult with any third party or be involved in any other business during the term of his employment with the Company. d.)The employee shall always ensure that his conduct is in accordance with all rules, regulations and policies of the company as notified from time to time including but not limited to leave policy and sexual harassment policy. e,)The Employer hereby prohibits the Employee from engaging in any sexual harassment and the Employee agrees to refrain from any form of sexual harassment during his/her tenure of employment in and around the workplace. If the Employee violates this clause of the Agreement, he/she will be fully responsible for his/ her actions and the Employer will not be held responsible for any unlawful act committed at the discretion of the Employee. 6. Leave Policy has.)The Employee is entitled to half a month (15) days of paid occasional leave per year and a half. months (15) days of work stoppage. In addition, the employee will be entitled to all public holidays mentioned in the employer's leave policy. b.)The Employee may not carry over or cash in any leave into the following leave year. c)In the event that the employee is absent from work due to illness or lel he/she will follow the leave policy and inform the designated person as soon as possible and provide regular updates regarding his/her recovery and where possible, inform the Employer's designated person of his/her expected return to work date. If the Employee is absent from work due to iliness or injury for more than three consecutive days, he or she must submit a seff-certification form to the Employer. If this absence lasts for more than seven consecutive days, the Employee must obtain a medical certificate from his or her doctor and submit it to the Employer. e.)For any period of absence due to iliness or accident, the employee will only receive statutory sick pay, provided they meet the required conditions. The employee's eligible days for statutory sick pay are Monday to Friday.LE GOUVERNEMENT DU GRAND-DUCHE DE LUXEMBOURG Ministére des Affaires étrangeres et européennes The Employee agrees that during the period of employment he will devote all his working time to the business affairs of the Company and shall 2.) faithfully and efficiently perform the tasks assigned to him/her and strive, to the best of his/her abilities, to achieve the objectives and respect the parameters set by the Company. 8. Assignment has.)Employee acknowledges that any work, including, without limitation, inventions, designs, ideas, concepts, drawings, working notes, artistic works that Employee may conceive or develop individually or jointly during the term of his employment are “jworks produced for remuneration »yand in their entirety. To the extent permitted by law, Employee shall assign, and hereby assigns, to Employer all right, title and interest of Employee in and to all intellectual property improved, developed, discovered or written in such works. b,)The Employee shall, upon request of the Employer, execute, acknowledge, deliver and file all documents necessary or useful to vest in the Employer all rights, titles and interests of the Employee and to all such matters. 9. Competing companies During the term of this Agreement and for a period of one (2) years after termination of this Agreement, Employee agrees not to engage in any employment, consultancy or other activity involving the same profession that competes with the Employer's business, proposed business or business interests, without the Employer's prior written consent. 10. Confidentiality has.)The Employee acknowledges that, in the course of exercising and performing his duties hereunder, he may have access to and be entrusted with confidential information concerning the financial situation and current and planned activities of the Employer, the disclosure of which confidential information to the Employer's competitors would be highly prejudicial. to the interests of the Employer. Employee further acknowledges and agrees that the right to maintain confidentiality of trade secrets, source code, website information, business plans or customer information or other confidential or proprietary information, for the .)Providing the other party with such information constitutes a proprietary right that the Employer is entitled to protect. c)Accordingly, the Employee undertakes and agrees with the Employer that he will not, during the term of this Agreement, disclose any such Confidential Information to any person, firm or corporation, or use the same, except as required in the ordinary course of his employment hereunder, and even after termination of his employment, he shall not disclose or use the same or cause any Confidential Information to be disclosed in any manner whatsoever.| seranveonesent a HE DE LUXEMBOURG & & GD) 5 Of 7 iesetrngirs Direction de immigration .)The Employer shall own any intellectual property created by the Employee during the a employment or in connection with a certain field, and shall have all necessary rights to retain it. After termination of employment, the Employee may not assert any rights over the intellectual property created. Any source code, software or other intellectual property developed, including but not limited to the design or functionality of the Website created by the Employee, during the course of his employment under this Agreement, shall belong to the Employer. 11, Recourse Ifat any time the Employee breaches to a material extent any of the commitments or agreements set out in paragraphs 6 and 9, the Company shall have the right to terminate all of its obligations. o make other payments under this Agreement. Employee acknowledges that the Company would be irreparably harmed by a breach of paragraph 6 or 9 and agrees that the Company We will be entitled to an injunction restraining the employee from any actual or threatened breach of paragraph 6 or 9 or any other appropriate equitable remedy without the requirement of any bond or other security. 12, Modification and termination has.Jin the event that the Employer terminates employment without cause, in which case the Employer will provide the employee with notice of termination or compensation in lieu of notice equal to 60 days (2) ‘months. b.)The Employee may terminate his/her employment at any time by providing the Employer with at least 30 days (1) month's notice of his/her intention to resign. The Employee may terminate his contract on the last day of the month in which the date of his death occurs; or the date on which the Company gives notice to the employee if such termination Is motivated by a valid reason or disability. d.)For the purposes of this Agreement, “Cause” means the Employee's serious misconduct resulting in material damage to the Company, insubordination or willful disobedience, theft, fraud or dishonesty, willful damage to or loss of the Employer's property, habitual corruption and delay or absence, or any other willful and material breach of this Agreement. 13. Restrictive clause Following the termination of the Employee's employment by the Employer, with or without use, or the Employee's voluntary withdrawal from the Employer, the Employee shail, for a period of three years following such termination or voluntary withdrawal, refrain from: either solicit or attempt to solicit directly or indirectly the business ofa client or customer of the Employer for its own benefit or that of any third person or organization, and shall not attempt, directly or indirectly, to obtain the withdrawal of employment with the Employer of any other Employee of the Employer, taking into account the same geographical and temporal restrictions. The Employee shall not disclose, directly or indirectly, any financial information relating to the Employer or any of its affiliates or clients to anyone.Ministere des Affaires étrangéres et européennes Direction de immigration ae 14 Notices has.JAny notice required to be given hereunder shall be deemed to have been duly given if delivered personally or sent by prepaid registered mail as follows:y: + To the employeeyzin accordance with paragraphy12 (a), to be received within 3ydays + To the employery.in accordance with paragraphy12 (b), to be received within 3ydays LECOUVERNEMENT a DU GRAND-DUCHE DE LUXEMBOURG b.JAnd if sent by registered mail, it will be deemed to have been received on the 4th business day of uninterrupted postal service following the date of mailing. Either party may change its notice address at any time by giving written notice to the other party in accordance with the provisions of this Agreement. 15, Non-assignment The Employee's interests under this Agreement are not subject to the claims of its creditors and may not be voluntarily or involuntarily assigned, alienated or encumbered. 16. Successors This Agreement shaill be assigned by the Employer to any successor employer and shall be binding upon the successor employer. The Employer shall cause the successor employer to continue the provisions of this Agreement as if it were the original party to the first party. 17, Compensation Employee shall indemnify Employer against all expenses, including amounts paid in judgments, attorneys’ fees, environmental penalties and fines, and amounts paid in settlement (before or after the commencement of the action), incurred by Employer in connection with its defense or settlement of any claim, action, suit or proceeding to which it is a party or which may be asserted against it by reason of its employment or the performance of its duties under this Agreement. Such indemnification shall be in addition to any other rights to which the indemnified persons may be entitled under any law, regulation, agreement or otherwise. 18.Modifications Any modification of this Agreement or additional obligation assumed by either party under this Agreement will be binding only if evidenced in writing and signed by each party or an authorized representative of each party. 19, Severability Each paragraph of this Agreement shall be and remain separate, independent and severable from all other paragraphs hereof, unless the context of the Agreement requires otherwise. The determination or declaration that any one or more of the paragraphs is null and void shall have no effect on the remaining paragraphs of this Agreement. 20. Paragraph titles The headings of the paragraphs of this Agreement are intended solely for the convenience of the parties and shall not be used to explain, modity, simplify or assist in the interpretation of any provision of this Agreement.Ministre des Affaires étrangéres et européennes seceyceiniene ay This Agreement shall be governed by and construed in accordance with the laws of Luxembourg, Companies Act 2002, Each party hereby irrevocably submits to the exclusive jurisdiction of the courts of Luxembourg, for the resolution of any dispute under or in connection with this Agreement. Le GOUVERNEMENT a DU GRAND-DUCHE DE LUXEMBOURG 22, Counterparts The Agreement may be executed in two or more counterparts, one of which shail be deemed the original without reference to the others, IN WITNESS WHEREOF. the Employee has signed these presents and the Company has caused these presents (0 be signed in his name and on his behalf, all as of the day and year first written above. PEEPAK DEEPAK HR DEPARTMENT (Employee) PENELOPPE GROUP (The employer) (ts gta copy offer Leten