Valuelabs

EMPLOYEE PAYROLL FORM

Employee ID
19S82 Kasula Revanth
Full Name
Date of Birth 03l05 a26 Gender |MALE
Date of Joining 3oluL2021 Marital Status LLE
Mobile No. PAN
q12go73S Amount p.m.
Sr.No. Particulors Amount p.a.
CTC- Cost to Company 1,80,000 15,000

Flexible Benefit Components

Children Education Allowance
Hostel Expenditure for Children
Leave Travel Allowance
Total of FBP and Retiral Benefits

3
Retiral Benefits&Social Security cont
15,672 1,306
PF Employer
216
Gratuity 2,592
National Pension Scheme (80CCD 2)
ESI-Employer cont 5,088 424
Total 23,352| 1,946

Salary Breakup
Basic 54,000 4,500
HRA 21,600 1,800
Bonus 4,500 375
Medical Allowance 38,280 3,190
|Conveyance Allowance 38,280 3,190
Skill allowance
Gross Salary 156,660 13,055

Regular Deductions
|Provident Fund 15,672 1,306
1,176 98
ESI Employee Cont
Prof. Tax
300
|Corpus Fund
National Pension Scheme
Income Tax

17,148 1,429
Total Deductions
139,512 11,626 |
6 Net Pay (4-5)

(Employee Signature)
ValueLabs
Ref: VL/9771/A2/21

Date: April 30, 2021

Mr. Kasula Revanth
Hyderabad

Sub: Appointment Letter

Dear Kasula,

1. With reference to your application for employment with our organization, we are pleased to offer you
the position of Executive Customer support at the band "A2" with ValuelLabs staring April 30,
2021.

Your salary will be INR. 15000/- per month.

Salary Structure Annual Compensation

Components Per Month Per Annum
Basic 4500 54000
H.R.A 1800 21600
Medical Allowances 3106 37272
Conveyances Allowances 3106 37272
Skill Allowances
Bonus-Payable 375 4500
Gross Pay 12887 154644
ESI 612 7345
EPF
Gratuity as per "The payment of 1285 15420
Gratuity Act, 1972" 216
2596
Total Compensation (CTC) 15000 180000
Your employment with us will be govemed by terms and conditions referred in Annexure-A

. Please sign the duplicate copy of the Appointment Letter on all sheets at the botitom, on the
comer, and retum to the HR Group.
right

In case of further clarifications, please communicate with the HR Group

We welcome you to ValueLabs and look forward to a long and mutually beneficial association.

for Valuelabs LLP

Bhanu Kishore Rampalli

sVP Operations
Enc: Annexure - A (Terms & Conditions of Employment)

Valuelabs LLP
Plot # 41, Hitech City, Phase 2, Madhapur, Hyderabad 500081
-

Ph:+91-40-6623-9000| Fax: +91-40-6623-9100| www.valuelabs.com

ValuelLabs
ANNEXURE-A: Terms and condlitlone
1. General Terma

(a) Code of Conduot

YOu shall faithfuly and to the bost of your ablty pertorm your dutlon that may be
e by he managemont. This appolntment letter Incorporaton the Company's ontrusted
to
you from trne
"Code of 0onduct &
aworkpiace Disclplinary polloy", and the same may be amended from timo to tinme by
and hies
Or witnout prior he Gompany
By slgning thls appointment lotter, you agroo that, you wil rogulany vistwin
intranet of the written and
intimation.
Company appriso yourself of the t
oxlsting pollclen and proceduro8.
(b) Loaves

Al leaves shall be In accordance with the organlzatlon'a polloy and would

ne roqulre prlor eanction / approval o
eportung manager. In case of any leave taken under unforosoon clreumatances,
Is not for which prior
possible, Immedlate Information by telephone will be requlred to bo sent to the approval
necossary written approval Is to be taken on Roporting manoger. ne
So, Company will have the right to take actlon your next worklng day and mallod to HR, In cone you fall to do
against you under tho applicablo policles of the Company.
(c) Confldentlalty
1. Confidential Information" shall mean
any and all informatlon disclosed to, or
dentifled or observed by, Reciplent from Valuelabs otherwlse acquired or
and Its afflated companles,
business of ValueLabs, whether communicated in writing, orally, øloctronlcally,
relating to the
in recorded any other form of media, Including, butl not lImlted to, all sales
or photographlcally,
or

information, employee and other human rosource Infornmatlon, exlsting and potentialand buslness and
operating
marketing plans and strategles, financlal Informatlon, cost and pricing Informatlon, data media,
how, designs, drawings, speciflcatlons, source codes, technical Informatlon, know
methods, processes, techniques, operatlons, devices, and the liko, whether or concepts, reports,
not the foregoing
Informatlon is patented, tested, reduced to
practice, or aubject to copyright or any other
property right. The term "Confldential Informatlon"
becomes does not Include intellectual
Informatlon which () lsor
generally avallable to the publlc other than as a result of dleclosure
of this
Agreement; (|) was avallable to by Reclplent in breach
records prior to its disclosure to Reclplent on a non-confidential basls as shown In written
Reciplent by ValueLabs; (ll) becomes availablo to Roclplent on a
non-confidentlal basls from a source other then
by confldentiality agroement with ValueLabsValuoLabs;
a providod that such 8ourco le not bound
or is otherwis0
prohiblted from
legal or flduclary obligation; or (lv) lstransferring
Informatlon to Reciplent by a contractual, the
devoloped by Recipient without any use of or benefit from the Confidentlal independontly
independent development can be documented by Information and such
Reciplent wlth written rocords.
Reclpient's obligations with respect to each item of Valuelabs'
for a period of two (2) Confidential Information will survive
years from the date of terminatlon or the last
employment, whichever is later. working day of his/her
1. Obligations of Reciplent: In consideration for the
recelpt of Confidentlal Informatlon, Recipiont shall
hold all Confldentlal Informatlon in confidence and
shall
Valuelabs, disclose such information to any person for anynot,reason
without the prlor written consent of
at any time. The term
as used in this lotter shall "person"
be broadly intorpreted to include, without limitation, any corporation,
company, partnership or individual

2 Use: Recipient shall not use any Confidential Information for any reason other than as
may be
necessary for the Purpose. Recipient agraes to make no other use of the Confidential Information or
to incorporate any Confidential Infomatilon into any work or product.
3. Ownership: Recipient recognizes that all tangible information relating to Confidential
Information,
including notes, repots and other documents propared by Reclplent in connectlon with the
including all
copies thereof, are and shall be the sole Purpose,
property of Valuelabs, and Recipient shall keep
the same at all times In its custody and subject to Reciplent's control and shall return the same
completion of the specified Purpose. Recipient does not hereby and shall not acquire upon
or otherwise any right in or title to or license in respect of the by implication
Confidential Information disclosed to it
by ValuelLabs.

Signature of Employee
Valuelabs
4Ketum of Confidential Infomation: Promptly following the termination of the Recipient's employment
ecipient will deliver to ValuelLabs all documents or other materials furnished by
Kecipient constituting Confidential Information, together with all copies thereof stored inValueLabs
media in the any form ofto
possession of Recipient.
.
No Warranties: THE CONFIDENTIAL INFORMATION DISCLOSED
PROVIDED "AS IS" AND VALUELABS MAKES HEREUNDERAS ST
NO REPRESENTATION OR WARRANTY
THE ACCURACY OR COMPLETENESS THEREOF.

.
Remedies: Recipient acknowledges that money damages would be both incalculable
nsunicient remedy for any breach of this agreement by Recipient and that any such and an
cause valuelabs irreparable harm. Accordingly, breacn wou
Dreach Recipient also agrees that, in the event or any
or threatened breach of this Agreement, Valuelabs, in addtion to any other remedies at iaw
or in
equity it may have, shall be entitled, without the requirement of
including injunctive relief and specific performance.posting
to equitable relief, a bond or other
securiy

(d) Conflict of Interest

YOur position with the Company calls for whole time

the
business of the Company. You will not take up anyemployment and you will devote yourself exclusively to
other work for remuneration (part time or
or work on advisory capacity or be interested directly or indirectly otherwise
intheany other trade or business, (except as shareholder or debenture holder)
Company. during your employment with the Company,
without written permisSSion rom

Without prejudice to this

provision, you confirm that you have declared to the Company all of your
interests existing at the date on which your employment commences, whether or not they are Similarbusiness
to or in
conflict with the business of the
will promptly notify the Company. these interests change during the tem of your employment, you
If
Company.
2. Assignments/Transfer/Deputation

(a) Though you have been engaged for a specific position, the Company reserves the
right to send
you
on
deputation/transferlassignments to sister companies, clients' locations or third parties
India or abroad. whether in
In such case, you wil be govemed by the rules,
of that location,
regulations and conditions of service
as may be applicable.

(b) Where the Company sponsors/ conducts any specialized training during the course of your
employment, the Company reserves the right to the extent permitted by law, to deduct a sum equal
to the whole or part of the costs incurred by the
Company for providing such training.
(c) The Company reserves the right to assign you to any project as it deems fit, you shall not be allowed
todeliberate,refuse or conditionally accept, such posting/ assignment. Failure to comply with the
above shall give the Company right to take any disciplinary action, including but not imited to
termination.

(d) You shall only at the request ofthe Company, enter into a direct agreement or undertaking with any
customer to whom you may be assigned/seconded/deputed accepting restrictions as such customer
may reasonably require for the protection of its legitimate interests. Further, you agree that you will
not accept employment or act as a consultant or perform any assignment directly or indirectly for any
of the Company's customers or their subsidiaries for a period of 18 months from the date of your
separation from the Company.

(e) During any stage of your assignment or in the course of assignment/interview with the Company or
its clients, you shall not be entitled to demand for revised remuneration or promotion or both. It is
hereby clarified that alil revision in remuneration and promotions shall be as per the performance
appraisal policy of the Company.

k
Signature of Employee
 ValueLabs
3.
Soparation of employment
This is a contract for employment at will, elther party can teorminate this contract for omployment by
gving ninoty (90) days advance notlce or pay salary In lieu of the same to the other party. HOwever
ne company reserves the right not to accopt payment in lleu of notice and at its sole discretion
enforce the notlce period.

in case of employees governed by service agreoements for serving a minimum stipulated period, the
employoes are required to exarciso the terms and conditions as specifled in the Agreement.
Further,
this
notwithstanding anything contained in this letter, the Company shall be entitled to terminate
appointment or your employment forthwith In the
event
you are absent for more than five days without prior permission in writing of the management
or T
you proceed on leave without prior sanction or the sanctioned leave withour
proper Intimation and/or approval, at the discretion overstay
of the Company's management, your
Service may automatically come to an end and a presumption will be drawn that you have
abandoned the employment/service on your own accord by losing lien on the post and under
Such circumstances you will lose all rights to any compensation or other payables due to
you after proper
adjustments
. of any violation of the Company's policies, any violation which results in material liability to
ne
Company, or any act or omission which materially damages the Company's business or
assets;

ii. of
your disobedience, willful refusal, willful or negligent failure, or unsatisfactory
performance as to perfom duties reasonably assigned by the Company in a manner
satisfactory to the Company;
iV. of any breach of integrity, act of dishonesty, embezzlement or any misconduct or in case of
breach of the terms, conditions or
stipulations contained in this letter;
V. of conviction of any criminal offence or committing fraud
material property belonging to the against, or the misappropriation of
Company:
VI. you are found engaged in or abetting immoral,
of the
illegal or other activities against the interests
Company or its employees;
Vii. of any other action or inaction on your
part that would constitute adequate cause for
termination pursuant to applicable law and
regulations
4. Statement of Facts and Background Checks

The Company shall, at any time, (or as part of the

joining formalities) conduct reference /
(including but not limited to the previous employers, education qualifications etc) as perbackground checks
its policy and this
appointment is conditional upon the result of such checks. In addition, it must be specifically understood that
this appointment is made based on
your proficiency on technicallprofessional skills you have declared to
possess as per the application, and on the ability to handle any assignment/job independently anywhere in
India or overseas. In case, at a later date,
any of your statements/particulars fumished are found to be false
or misleading or reference / background checks are unsatisfactory on any account, or your performance is not
up to the mark or falls short of the minimum standards set by the
Company, the Company
to separate your services forthwith without giving any notice, notwithstanding any
shall have the right
other tems and conditions
stipulated herein.

The Company retains all its rights to initiate action against you before
appropriate forums of law and as they
deem fit for criminal breach of trust.

5. Company Property and Security

Signature of Employee
ValueLabs
TOU agree that you will (i) adhere to security practices as per "Asset acceptable usage and Social media
poncles of the Company that are updated from time to time; (i) refrain from carrying any media / storag
devices inside the
premises.
Ou wi aways maintain in good condition Company property, which may be erntrusted to you for official use
auning ne course of your employment and shall return all such property to the Company prior to relingUIshmet
ofyour charge, failing which the cost
of the same will be recovered from you by the Company.

cognize and agree that you have no expectation of privacy with respect to Company s
Gecommunications, networking or information processing systems (including, without limitation, S1ored
Conpuer es, email messages and voice messages) and that your activity and any files or
usg dny Othose systems may be monitored at any time by the Company without any notice messages
to
on
also agree that such measures are fair and reasonable you.
and are not infringement of your privacy Du
ou
implementation of the policy of the
company including the security policy.
Overseas Service Agreement

AS the Company will be spending substantial amount of time and

abroad, you will be required to money for your deputation /secondment
sign a deputation agreement with the Company and execute a
agreement on such tems, as the Company may deem appropriate. (This agreement will consist, surety
ISsues like (0
and serving theyour commitment to complete the inter alia, or
project (i) your retuming to India after completion of the project
Company for a stipulated period).
Intellectual Property Rights

(a) You acknowledge that ownership of, and all right, title, and interest in, all the
drawings, photographs, reports, statements, correspondence, technical data, documents, plans,
information,
instructions trademarks, trade names, brand names, patents, designs, domain names know-now,
and otner
intellectual property rights created by you expressly for the Company ("lntellectual Properties") shall
vest in the Company.
(6) You expressly agree that all Intellectual
be a work for hire" Properties c by you expressly for the Company shall
under the laws of any
deemed to have assigned in favour of the jurisdiction. In any event, you hereby transfer and shall be

Intellectual Properties, together with the Company, all rights, title and interest in and to all the
hereunder to third parties, in
rights to sublicense or transfer
any and all rights assigned
and cooperate with
perpetuity as and when the same come into
existence. You shall assist
Company in perfecting the Company's rights in the Intellectual
Properties;
(c) You will not
during the continuation of this letter of employment or thereafter,
any trade secret or confidential
divulge or make use of
information conceming the business of the Company or
dealing, transactions and affair or any information concerning any of its any of its
or customers which
you possess or comes into possession while in the
suppliers, agents, distributors
or which you
may make or discover while in the service of the
engagement of the Company
best endeavor to prevent the other Company and you shall also use your
person from doing so;
(d) You represent and warrant that you will keep all Intellectual
the Company, in strict confidence and shall use the same Properties created by you expressly for
benefit of the Company and for no other purpose, except withonly for the purpose of the business and
prior written consent of the Company
(e) You further represent and warrants that all the Intellectual Propeties created by you expressly for
the Company are original, and that you possess all
rights necessary to effectuate the transfer of the
rights as contemplated above;

(You shall forthwith communicate to the Company and transfer to it the exclusive benefits of all
inventions, processes, improvements, and any other discoveries which you may make or discover in
the course of your association With the
Company, relating to any trade or business of the Company
and will give full information as to the exact mode of working and using the same and also all such
explanations and instructions to the officers and workmen of the Company as may be necessary to
enable them to work effectively and will at the expense of the Company furnish it with all
plans, drawing and models; necessary

Sighature of Employee
Valuelabs
(9) You shall, whenever roquested so to do by the Company whether during or after the termination o
Our ngagement hereunder, at the cost of the Company execute and slgn any and all applicallons,
g n m e n t s and other Instruments whlch the Company may deem necesoary or advisable in ordor
as the
ODan prolectlon for aforesaid improvement, Inventlons and discoveries In 8uch countries
Company may diroct and to vest Iin the Company the whole, right, tite arnd interest therein.

h e company roserve8 the nght to procoed legally agalnat you and recover darnages, whers any sucn
intellectual property is sOught to bo protected by you Independently of the Cormpany.
Non-Sollcltatlon
u n g and for ono year following terminotion of your employment () you shall not solicit, encourage, or
h orattemptto solclt, encourage, or lInduce any (A) current employoo, marketing agent, or employee
o tne Company to tmlnate his or her engagement, agency or consultancy with the Company, O
Droseclve omployoe with whom the Company has had discusslons or negotiations within six months
pior to yur terminatlon of employment not to establish a relationship with the Company, ( inouce o
attompt to Induce any current customer to torminate Its relationship with the Company or (1) induce any
o Customer with whom the Company has had discusslons or negotiations within (six months| prior
to your teminatlon of
employment not to establish a relatlonship with the Company.
YOu covenant and agree that during your employment with the Company and at any time after separauon
rom company, for any reason, you shall not, directy or inirectly attempt in any manner to solicit from
anyclontcustomer, except on behalf of the Company, business of the type caried on by the Company
or to persuade any person, firm or entity which is a cllent/ customer of the Company to cease doing
DUsiness or to reduce the amount of business which any such client/customer has customarily done or
might propose doing with the Company whther or not the relationship between the Company and such
client customer was originally established in whole or in
part through yours or its efforts,
. Non-Compete
You acknowledge that the services you render tothe Company are of a special and unusual character
with a unique value to the Company, the loss of which cannot adequately be compensated by damages
or anaction at law. In view of the unique value to the Company of this services for which the Company
has employed you hereunder, because of the confidential information to be obtained by, or disclosed to,
youcovenant and agree that during the term of engagement and during the for a period of one year
thereafter, you shall not directly or indirectly, enter into the engagement of, tender consulting or other
services to, acquire any interest in (whether for the your own account as an individual proprietor, or as a
partner, associate, stockholder, officer, director, trustee or otherwise), or othenwise participate in any
business that competes, directly or indirectly, with any of the companies or entitles () in the same lines
of business that the Company is engaged in at the time your engagement is terminated.

10. Jurisdiction

Even though the Company may depute you overseas for on-site work or to any other location in India, the
jurisdiction concerning any dispute arising out of your employment will be the courts in Hyderabad only.

11. General

The above terms and conditions are based on Company policies, procedures and other rules
currently applicable in lIndia as well as overseas and are subject to amendments and adjustments
from time to time. In all service matters, including those not specifically covered here such as
traveling, leave, retirement, etc. you will be governed by the Company policies, procedures and rules
as shall be in force from time to time.

The assets/data glven to you are exclusive rights of the Company: you are only given the mere
authorization to utlize the assets/data on behalf and for the Company. All data created by you during
your association with the Company are also exclusive rights of the Company. Upon resignation it is
vour primary duty to hand-over all these assets/data to your reporting manager assigned by the
Company and obtain the necessary clearances all departments. In case of any tampering or illegal
usage of these assets/deta or non-submission of the assets/data upon resignation, the Company

k.Kora
Sighature of Employee
ValueLabs
reserves all rights to initiate appropriate legal actions against you and you will automatically lose al
rights to any dues payable to you.

YOU agree and acknowledge that in the event you do not sign or give your acceptance to the terms
and conditions stated in this appointment letter within one week from the date of your joining. the
tems and conditions of this appointment letter shall be deemed to be accepted by you.

Employee agrees and understands that Valuelabs shall constantly endeavor and invest in upskilling
ne Employee, for being up to the highest professional standards. Accordingly, the Employee may
De reauired to sign separate service agreements, for conformance to further terms that may be
required by ValuelLabs, during the tenure of employment.

hs appointment letter along with the annexures shal form the contract of employment between you
and

ncase of any changein the address during the course of your employment it shall be your duty to
C ne same to the HR department in writing within three days from such change in address.

Thisis to certifythatI have gonethrough and understood allthe terms and conditions mentioned in Annexure
-
A and I hereby accept and
agree to abide by them:
Name in full KASO LA ReVANTH
Signature
Address
Ron CoLNR4ADPAC ALA
b NAGAR, JAÓ1ADES H
Date

Place
:3ol2o
HADR ACHACAM

Signature of Employee