To, Date: 22-Oct-2021

Josyula Surya Kasyap

Bhimavaram

E-mail id - [email protected]
Contact No- 8187846378

Emp Code: TMF12520

Letter of Appointment
Dear Mr. Josyula Surya,

This is to formalize our offer of appointment to you in our organization, Intellect Support Services Private Ltd., with effect
from 21-Oct-2021 on the terms and conditions mentioned below. This appointment letter is highly confidential between
you and the Company and any disclosure of the same to any third person will be viewed with utmost seriousness.

1. Designation: You are appointed as BDM - SALES - PV FINANCE.

2. Probation Period: Initially you will be on a probation period of 6 months. Your confirmation will be
communicated to you in writing upon your successful completion of the probation period. During the probation
period you may terminate the contract by giving 15 Days notice in writing. However the Company reserves the
right to terminate your employment without any notice or notice pay in lieu of notice in case your performance,
behavior and/or Conduct during the probation period are found to be unsatisfactory.

3. Compensation: You shall be paid an annual compensation and benefit package totaling to Rs. 240000 as
detailed in annexure “A” to this appointment letter subject to all the relevant tax laws. Your basic salary will be
Rs. 7502/- per month.

Increments will not be automatic but will be subject to regular attendance, good conduct, your & company ’s
performance and as may be fixed by the Management at its sole discretion.

4. Duties: The Company will have the authority to determine and may change from time to time the portfolio of
your duties and responsibilities, which you shall diligently perform.

5. Exclusivity: You shall devote yourself exclusively to the performance of your duties in the Company and you
shall not during the course of your employment with the ‘Company, be engaged or concerned or interested in
any other employment or business whether with or without remuneration. Further, during the period of your
employment with the Company, you shall not engage in any endeavor or activity which conflicts with the interests
and business of the Company.

6. Confidentiality: you shall not divulge any confidential information to any third party nor shall you utilize any of
the confidential information for any purpose other than the business of the Company and/or as maybe required
in the ordinary course of your employment with the Company.

7. Term of Appointment: Your appointment with Intellect Support Services Private Ltd. shall commence from 21
-Oct-2021.

8. Posting & Transfers: You will initially be posted at our Bhimavaram 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.

9. Resignation and Termination:

 a. This contract of employment is terminable by either side by giving 15 Days notice and during the notice
period you will have to work and will not be entitled for any leave and your failure to do so may entail
monetary damages to you. The Company alone at its discretion may opt to make/ accept payment in lieu of
notice period, which will be calculated on the basis of the monthly Gross salary. Notwithstanding any terms
and conditions, the company at its sole discretion may accept or reject your resignation from the services of
the Company.

b. However, your services may be terminated by the Company merely by payment of notice pay in lieu of notice
which will be calculated on your Gross salary.

c. Notwithstanding the above, the Company may terminate your services without any salary in lieu of notice in
the event you commit any misdemeanor including but not limited to fraudulent, dishonest or undisciplined
conduct , breach of integrity, embezzlement/ misappropriation of company property, insubordination,
insolvency, conviction of any offence involving moral turpitude, irregularity of attendance, unauthorized
absence from the place of work for more than ten working days or upon loss of confidence in you by the
management or for functional or behavioral incompatibility or upon your conducting yourself in a manner
which is regarded by the Company as prejudicial to its own interest of to the interest of its clients. In case an
investigation is to be carried out against you, your services will be suspended with 50% subsistence
allowance during the period of such investigation/enquiry.

10. Leave: You will be entitled to leave as per the Leave Policy of the Company which may vary from time to time at
the Company’s sole discretion.

11. Age of Retirement: You shall retire from the service of the Company as per the Retirement Policy of the
Company from time to time (which currently provides for retirement upon attaining the age of 60 years).

12. Intellectual Property Rights (IPR): All IPRs devised, developed or created by you in the course of your
employment with the Company shall belong to and be the absolute property of the Company or of such other
person as the Company may nominate.

13. Company Property: Upon the termination of your employment with the Company, you will not retain or
continue to use (unless permitted by the Company in writing to do so) any documents, compilations (bound or
unbound), CDs, other electronic media containing any information relating to the Company or its business,
equipment, vehicle of residential premises/guest houses of the Company, whether owned or taken on lease by
the Company.

14. Arbitration: If any dispute arises between you and the Company with respect to the contract of employment,
the parties to this contract shall first endeavor to co-operate to resolve the dispute or controversy by mutual
consultation and agreement. All disputes, claims arising out of this contract shall be referred to the Arbitration of
a sole Arbitrator nominated by the Company under the Arbitration and Conciliation Act, 1996 or any statutory
modifications made thereof from time to time. The venue for the arbitration shall be in Mumbai, India, and the
parties shall be subject to the jurisdiction of the Courts in India, which shall have exclusive jurisdiction in the
proceedings regarding the enforceability of this contract to arbitrate.

15. Codes, Policies, Rules & Regulations: The following codes/policies which have been adopted by the
Company will be applicable to you and you shall convey to the Company in writing that you agree to be bound by
the same.

i) Code of Conduct,
ii) Prevention of Sexual Harassment Policy,
iii) Such other polices and codes as may be adopted by the Company from time to time at its sole discretion.
During your employment with the Company, you will be governed by the rules and regulations of the Company
applicable to you at present and as may be modified or introduced from time to time at the sole discretion of the
 Company.

16. Force Majeure: In the event of any fire, flood, explosion, acts of God, riots, commotion or acts of government
or any cause beyond the reasonable control of the company, this contract of employment may be suspended or
terminated as the case may be without prior notice.

17. Other Matters: Certified copies of your certificates and testimonials, including the proof of your age, together
with originals, may please be submitted for verification to Human Resources. If any of the
information/documents submitted by you for getting the employment is/are found to be
false/bogus/fraudulent/misrepresentation your services being void, agnation will be terminated forthwith without
any notice or payment to lieu thereof.

We request you to return a signed duplicate copy of this Appointment Letter to signify your acceptance of the
appointment and the terms and conditions thereof.

It is our pleasure to welcome you into Intellect Support Services Private Ltd., and we wish you a successful and
endearing career in the Company.

For Intellect Support Services Private Limited Agreed and Accepted

Manager HR Josyula Surya Kasyap

 Annexure “A”: Compensation Break-up
Name Josyula Surya Kasyap

Designation BDM - SALES - PV FINANCE

Branch/Location Bhimavaram

Particulars Per Month (INR) Per Annum (INR)

BASIC ALLOWANCE 7502 90024

HRA ALLOWANCE 3001 36012
COMPOSITE ALLOWANCE 6082 72984
GROSS 16585 199020
EMPLOYER PF SHARE 1630 19560
EMPLOYER ESI SHARE 540 6480
CTC 18755 225060
GRATUITY 361 4332
STAT BONUS 884 10608
TOTAL CTC 20000 240000
EMPLOYEE PF SHARE 1630 19560
EMPLOYEE ESI SHARE 125 1500
NET 14830 177960

Note: You will be additionally eligible for Rs. 1,00,000 towards group medical policy for self, and Rs. 3,00,000
towards group accident policy. Said benefit is at sole discretion of the management & will be reviewed at the
beginning of each financial year.

Gratuity would be payable to you only on attaining the eligibility norms as specified under “Payment of Gratuity
Act, 1972".

* Statutory Deductions
1. Employer’s contribution to Provident Fund shall be deducted & deposited with PF Authorities, along with
employee’s contribution, as per the statutory requirements.
2. Professional Tax and all incidence of income tax will be borne by the employee as per Income tax rules.
3. All applicable tax liability will be borne by the employee as per relevant statutory tax rules.

For Intellect Support Services Pvt. Ltd. Agreed and Accepted

Manager HR. Josyula Surya Kasyap