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Date : 10 Feb 2020

To,
Rohit Gupta (KUF196632)

Private and Confidential

Dear Rohit,

We write in furtherance to your application and the subsequent interview with our company; we are pleased to appoint you to the
position of Trainer - collection at our Company, on the following terms and conditions:

1. APPOINTMENT
1.1 Your appointment is effective from 10 Feb 2020, your initial place of posting is Plot No. 217, Phase-1, Udyog Vihar,
Gurgaon, Haryana- 122016.
1.2 You shall report to the person as may be decided by the Company from time to time in respect of the matters
delegated to you by the Company.
1.3 During the course of your employment with the Company, you will be responsible for execution of the various
assignments/tasks given to you from time to time and for the efficient functioning of your Section/Department. Your skills
and expertise may be utilized in other roles and departments in the best interest of the Company. In such situations, the
Management of the Company will have the authority to change your role and responsibilities.

2. REMUNERATION
2.1 Your Annual cost to the Company shall be 216096.00(Two Lakh Sixteen Thousand and Ninety Six Only). . Detailed
break up of your CTC is enclosed in Annexure-1. You will also be eligible for performance-based incentive as per company
policy from time to time.
2.2 In all matters including those not specifically covered by this letter, such as Provident Fund, Bonus, Incentives, Medical
and LTA will be governed as per the rules of the Company.
2.3 The fixed salary that is so drawn shall be credited to your account every month.
2.4 Your salary and other benefits, if any, shall be subject to contribution and/or deduction as per Government guidelines
and Income Tax Act 1961.
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3. PROBATION PERIOD, CONFIRMATION, NOTICE AND TERMINATION

3.1 The initial Six (6) Months of your employment will be deemed as Probationary Period. The management serves the
right to reduce/dispense with or extend your probation period at its absolute discretion. Upon successful completion of your
probationary period, you will be notified in writing.

3.2 During this probationary period, either party may, without furnishing reasons, terminate the employment by giving
Seven (7) days notice or salary in lieu thereof on either side during this probation period with no liability other than for time
worked prior to such termination. However, the company reserves the right to demand a prior notice of One (1) month,
during your probation, should there be a requirement of handing over of process and data which cannot be fulfilled in the
process of Seven (7) days.

3.3 Following the successful completion of the Probationary Period, your employment with the Company terminated as
under:
3.3.1 With Notice- The Company may terminate your employment by giving One (01) months’ notice in writing.
a. In the event you wish to terminate your employment with the Company by giving One (01) months’ notice
in writing.
b. In the event you wish to terminate your employment with the Company with a shorter notice period, you
will require a prior written permission of the Company,Further,in such case, the Company will have the right
to seek from you the amount equivalent to One (01) month’s salary in lieu of such notice.
c. If you leave the company without serving the notice period; you agree that company has the right to forfeit
your 1 (one) month salary or can ask for recovery if required.
3.3.2 Without Notice- The Company shall have the right to terminate your employment immediately without notice
if:
a. You commit any breach of any of your duties and responsibilities or the terms and conditions of
employment.
b. Any particulars mentioned in your resume/application, by your references or by you during your interview
are found to be false at any point of time or it is found that you have willfully suppressed any information in
your application/resume/interview.
c. You become insolvent or bankrupt or are charged with any criminal offence, which is prejudicial to the
interest of the company.
d. If at any time in the opinion of the Company, which is final in this matter, you are found guilty of
dishonesty, disorderly behavior, negligence, indiscipline, absence of duty without permission or any other
conduct considered by the Company as detrimental to the interests of the Company or any of its
associate/group companies or any of its/their employees.
e. At any time during your employment with the company you will be governed by the employee Code of
Conduct policy.

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4. PLACE OF EMPLOYMENT, TRANSFER AND TIMING

4.1 Your place of appointment will, at present, be in Gurgaon, Haryana. You are however liable to be transferred to
another department, post or place whether in existence or coming into existence hereafter, either at the place of position or
any other place where the Company may establish/open its branch later on. Upon such transfer, the rules and regulations
applicable to such a post or at the place of transfer will automatically become applicable to you.
4.2 You will be expected to attend office, except when traveling on business as per your working hours/shifts (as may be
decided by the Company) that shall be conveyed to you by your reporting Manager/ Management. Due to the customer-
driven nature of our business, you may be required to work irregular or long hours, different shifts or on weekends. In such
instances, you will not be eligible for additional compensation.

5. DUTIES, RESPONSIBILITIES AND EMPLOYEE'S OBLIGATIONS

5.1 You shall ensure compliance with the Company's Code of Conduct as detailed in Annexure-1 and you shall be
responsible for the duties and responsibilities as per the task assigned time to time. You will serve diligently and faithfully
and will perform such services personally at such reasonable times and places as the Company may to you direct in
connection with its business.

5.2 You will always act in the best interest of the Company and use your best efforts to advance the business and welfare
of Company. You will not without the prior written consent of the Company represent the Company or take any action that
could in any way cause the Company to incur any liability or disability or result in non-compliance by the Company with
any law.

5.3 You understand and agree that during your employment with the Company you shall remain an employee of the
Company and shall devote your full time and exclusive attention to the Company and perform duties exclusively for the
Company and shall not in any event and/or circumstances render any service or perform any duties of any nature
whatsoever for any other person, firm, partnership, corporation or entity, either with or without consideration, in the
absence of a prior written consent of the Company to that effect.

5.4 You will be responsible for safekeeping and return in good condition and order of all Company property, which may be
in your use, custody or charge.

5.5 You will not accept any present, commission or any sort of gratification in cash or kind from any person, party or firm or
Company having dealing with the Company and if you are offered any, you should immediately report the same to the
senior management of the Company.

5.6 You understand and acknowledge that absence for a continuous period of Seven (7) days without prior approval of
your Manager, (including overstay on leave / training) would result in automatic termination of your employment without
any notice or intimation.

6. GENERAL TERMS OF APPOINTMENT

6.1 Office hours: The normal working hours of the company to which you are attached are applicable to you. However,
 the Company reserves the right to change these office timings/office days, as it may deem necessary or expedient.

6.2 Transfer: You will be liable to transfer in such capacity as the Company may from time to time determine to any other
location, department and establishment of the Company or any of its associate/ group companies in India or outside India.
In such case also you will be governed by the terms and conditions of service as contained herein unless the Company at
its sole discretion decides that you will be governed by the terms and conditions of service applicable to the new
assignment.

6.3 Travel: You will be required to undertake travel to any place in India or outside India in the performance of your duties
on Company's work.

6.4 Reimbursements: You will be reimbursed travel expenses as per the Company policy. Each submission of expenses
for reimbursement hereunder will need to be supported by an itemized description of expenses claimed and/or original
invoices.

6.5 Damages: Any expenses incurred by the Company on account of any damage, act/omission, negligence, default or
error in judgment by you in discharge of your duties and responsibilities mentioned herein under will be adjusted against
the salary due to you or you will be liable to pay the same amount to the Company.

7.LEAVE ENTITLEMENT, NATIONAL & PUBLIC HOLIDAYS

7.1 Your entitlement to Privilege Leave, Casual Leave, Sick Leave, National and Festival Holidays will be in keeping with
Company policy as well as the provisions of the applicable statutory legislation in the State of your eventual assignment.

7.2 Please note that these holidays and the rules and regulations governing these may be amended from time to time. In
view of the nature of the Company's business, the Management reserves the right to substitute alternate days in lieu of the
actual Public Holidays on a one-day to one Public Holiday basis. Approval of your immediate reporting authority must be
obtained prior to you proceeding on your any kind of leave.

8. NON-DISCLOSURE
In consideration of the work, you hereby agree as follows:

8.1 DATA PROTECTION

8.1.1 The personal data relating to you provided to us in the course of your employment will be subject to the PC
Financial Services group human resources data privacy policy (“Policy"). The Policy describes the information we
collect and outlines the employment purposes for which we use the data, as well as the role that affiliated
companies and/or third-party service providers may play in the administration of our human resources programs.
8.1.2 This personal data may be processed either locally in the jurisdiction where you work or reside or in any other
jurisdiction where PC Financial Services operates, worldwide, depending on the needs of the business over the
course of your tenure with us.

8.1.3 You acknowledge your understanding of our processing of your personal data subject to the above-mentioned
Policy, including the processing of sensitive health, financial or other personal data necessary to fully implement
your participation in our human resources programmers in any location where we may choose to administer these
 programs.

8.1.4 Should your job function bring you into contact with other employees' personal data, you also hereby agree
that you will treat this data as strictly confidential and will administer it in conformity with the above-mentioned
policy. Likewise, if your job function brings you into contact with other data subjects’ (clients, merchants, customers
etc.) personal data, you also agree that you will treat this data as strictly confidential and will administer it in
conformity with the relevant applicable policies.

8.2 CONFIDENTIAL INFORMATION

‘Confidential Information’ means non-public information that the company designates as being confidential or which under
the circumstances surrounding disclosure ought to be treated as confidential. ‘Confidential Information’ includes, without
limitation, information relating to the company’s software products which may include source code, API data file,
documentation, specification, data bases, networks, systems design, file layouts, tool combinations and development
methods as well as information relating to company’s business or financial affairs, which may include product costs,
purchasing information, stock resources, business methods, marketing strategies, pricing, bidding reserve price and
bidding documents, competitors information, products development strategies and methods, customer lists & financial
results.

The confidential information above shall include the information in existence or implementation, the information that is to
be developed or produced, the information that is owned by the company, and the information that is owned by a third
party whose confidentiality to which the company has agreed to.

For those not possible to judge whether the relevant information belongs to confidential information, the relevant
information shall be treated as confidential information; if it is not possible to determine whether the relevant carrier
contains confidential information, the relevant carrier shall be treated as a confidential information carrier.

Confidential information shall not include any information that:

8.2.1 is already known by you, free of any obligations to keep it confidential;

8.2.2 is or becomes publicly known through no wrongful act of yours;

8.2.3 is independently developed by you before working for the company or its group company; or

8.2.4 is approved for release by prior written authorization of the company.

8.3 RESTRICTION ON DISCLOSURE & USE:

At all times you:

8.3.1 Shall not disclose any confidential information of the company to any third party (including company’s
employee who is prohibited to access such confidential information unless by prior written permission of company
and unless the third party has signed a non- disclosure agreement with the same content as set forth in this
 agreement.
8.3.2 Shall take reasonable security precautions, at least as it takes to protect its own confidential information, to
keep confidentiality of the information.
8.3.3 Shall not disclose, reproduce or use confidential information except pursuant to and consistent with the scope
of work as set forth in this appointment letter between the parties, or as otherwise provided herein. Employee shall
not, nor assist others to, disassemble, de-compile, reverse engineer or otherwise attempt employee to recreate the
confidential information of the company, except with the prior written consent of the company.
8.3.4 Shall segregate all tangible material containing confidential information from the confidential materials of the
other third parties in the order to prevent commingling.
8.3.5 Shall not use confidential information in order to benefit yourself or third party, to develop competitive products
to company product or otherwise compete with company.

8.4 INTELLECTUAL PROPERTY RIGHTS

8.4.1 You agree that all the intellectual property rights such as all plans, strategies, programmes, trade secrets,
accounts, financial information, market research, customer lists, data, records, reports, manuals, financial
statements, budgets, specifications, correspondence, indices, research papers, letter, or other similar document
(the nature of which is not limited by the specific reference to the foregoing items) which are created, complied or
devised or brought into being by you or have come into your possession in the course of the employment and all
copies hereof, and other property whatsoever belonging to the company and/or our affiliated companies whether in
hard copy or electronic form such as laptops, credit card, mobile phones, tablets, keys etc. (‘the business
properties’) which may be in your possession or under your control, will be the sole property of the company, and
upon termination of this employment or suspension from active duty or earlier if required by the company, such
business properties, documents and all copies shall be returned to the company without any copies in whatever
form withheld, if not destroyed earlier. You also understand and agree that you will never have and never claim any
such rights to Intellectual Property. The provisions of this clause shall survive termination this agreement for
whatsoever reason.
8.4.2 You agree to notify company immediately upon discovery of any unauthorized use or disclosure of confidential
information or any other breach of agreement by it, or its employees or consultants, and will cooperate with
company in every reasonable way to help company re-gain possession of the confidential information and prevent
its further unauthorized disclosure or use.
8.4.3 You will promptly return all originals, copies and summaries of the confidential information upon company
request or in the alternative, at company options, certify in writing to company that all such confidential information
has been destroyed.
8.4.4 You will:
a. Notify us of the details of any invention promptly on their creation;
b. Notify or otherwise provide us with the details of any work;
c. Unless otherwise authorized explicitly by us, keep confidential details of the inventions and works;
d. When requested by us to do so and in any event on the termination of your employment, promptly deliver
to us all works and physical embodiments of invention, and all correspondence, documents, papers and
records on all media ( and all copies or abstracts of them), recording or relating to any part of the work and/or
invention and process of their creation which are in your possession, custody or under her your control;
e. Not register nor attempt to register any of the Intellectual Property Rights in the work, or any of the
invention, unless authorized by us to do so; and
f. Do all other acts which we request (at our expense) to enable us to enjoy the full benefits of Data
 Protection, including entering into additional assignment or transfer agreement where required.

8.5 DOCUMENTS REQUESTS IN LEGAL PROCEEDINGS

8.5.1 If you are requested to or required to in a legal proceedings or pursuant to legal process to disclose any
confidential information supplied by company, then you will use all reasonable efforts to notify company promptly so
that the company may seek any appropriate protective order and/or take any other actions. If, in the absence of a
protective order or the receipt of a waiver hereunder, you nonetheless, in the judgment of its counsel, compelled to
disclose such information, you shall use all reasonable efforts to inform company as far in advance of such
disclosure as practicable.
8.5.2 Your obligations as contained in this clause shall survive the cessation of your employment, for any reason
whatsoever, with the company.

8.6 ENGAGEMENT IN OTHER BUSINESS

8.6.1 You acknowledge that the company wishes you to devote your whole time and attention to the service of the
company during the term of the employment with it. For this reason, during the term of your employment, you will
not (without the company’s prior written consent) directly or indirectly own, manage, control participate in, consult
with, render services to or engage in the business of any other business entity or other organization (whether as an
owner, employee, officer, director, agent, partner, consultant or otherwise) for any consideration, in cash or in kind
or otherwise.
8.6.2 Without prejudice to this provision, you confirm that you have declared to the company all of your business
interests existing at the date on which your employment commences, whether or not they are similar to or in conflict
with the business of the group companies (including the company). If these interest change during the term of the
employment, you will promptly notify the company.

8.7 NON-COMPETITION & NON SOLICIT

8.7.1 You agree that during the employment period plus one year thereafter (the Restricted Term), you will not,
directly or indirectly, in any capacity, role or function, on its own behalf or on behalf of the any other person or
organization, other than as an employee of the company solicit and/or attempt to solicit or accept business form:

a. Any present or former clients of the company to which you were providing service during the two (2) years
period immediately prior to the date on which the employee ceases to be employed by the employer
(separation date) and/or
b. Any client or prospective client of the company to which you were seeking to provide services or products,
including participating prior to the separation date;
c. Unless: Such services or product being provided to the client or prospective clients by you or any third
party with whom you were then employed are wholly unrelated to the employer’s then-current lines of the
service or product on the separation date; and/or

8.7.2 During the term and for one (1) year from the separation date, you shall not directly or indirectly, in any
capacity or function, on your own behalf or on behalf of any other person or organization:

a. Interfere or attempt to interfere in any way with the company’s relationship with any of its clients, service
 provider, employee, suppliers, experts, key advisors or consultants, including, without limitation, inducing or
attempting to induce any of the above mentioned persons or organizations to terminate or change the terms
of his/her/its dealings with the company; and /or

b. Undertake any acts which may damage or disparage the company’s business relationship with its clients,
subcontractors or other business partners.

8.7.3 During the term and for one (1) year from the separation date, you shall not directly or indirectly, in any
capacity or function engage or participate in or be employed by in a business similar and same as the company.

9. MISCELLANEOUS PROVISIONS

9.1 Governing Law: This Appointment Letter shall be governed by and construed in accordance with the laws of India.
9.2 Disputes Resolution: In the event of any dispute related to the interpretation rights or liabilities arising out of this
Appointment Letter, the same shall be referred to sole Arbitrator to be appointed by the Company in accordance with
Arbitration and Conciliation Act, 1996. The award given by the Arbitrator shall be final and binding on the parties. The
venue for arbitration shall be Delhi. The proceedings shall be in English, and the fees of the Arbitrator shall be in
accordance with the Arbitration and Conciliation Act, 1996.
9.3 Severability : If any provision of this Appointment Letter, or application thereof to any person, place or circumstance,
shall be held by a court of competent jurisdiction to be void or unenforceable, such provisions shall be enforced to the
greatest extent permitted by law and the remaining provisions of this Appointment Letter shall remain valid and in full force
and effect.
9.4 Indemnification : You shall at your own expenses make good any loss or damage suffered by the Company as a
result of your negligence or for reasons attributable to you. Further, if at any time, during the operation of this Appointment
Letter or thereafter the Company is made liable in any manner whatsoever by any order, direction or otherwise of any
court, authority or tribunal, to pay any amounts whatsoever on account of your acts or its omission, you shall immediately
pay to the Company all such amounts and costs. The Company shall be entitled to deduct any such amounts as aforesaid,
from the Salary and/or amounts due to you.
9.5 Entire Agreement : The terms of this Appointment Letter is the final expression of the agreement between the
Company and you with respect to your employment with the Company and it may not be contradicted by evidence of any
prior or contemporaneous agreement. This Appointment Letter constitute the complete and exclusive statement of the
terms and conditions of your employment with the Company and supersedes all prior agreements, understandings,
discussions, negotiations and undertakings, whether written or oral, between you and the Company with respect to your
employment with the Company. You acknowledge and recognize that the Company has not made any other
representations concerning your employment with the Company.
9.6 Amendment/waivers : Any term of this Appointment Letter can be modified or modified only by a written agreement
signed by you and the Company. Failure to exercise or delay in exercising any right in accordance with provisions of this
Appointment Letter shall not operate as a waiver thereof.
9.7 Notices : All notices or other communications required or permitted to be delivered or given hereunder shall be in
writing and shall be delivered by hand or sent by registered, certified or express mail, or reputable courier service.
This offer of employment and any subsequent employment relationship is contingent upon satisfactory completion of
reference and/or background checks that may include verification of your educational, employment or salary history. Any
false information provided by you or at your request may results in immediate termination of employment with no
compensation to you.
 With the acceptance of this employment, you agree and confirm that during your employment, you will be governed by
company policies, as amended from time to time. The policies are available on the public folder of all systems and should
be read and understood by you. In the event of any clarification w.r.t the same please contact the HR department. In the
event of any breach of these company policies, the company reserves the rights to terminate your employment with
immediate effect.
We take this opportunity to welcome you to PC Financial Services Private Limited team and hope that you will find this as
a stimulating environment that will offer you a challenging and rewarding career. We look forward to your contribution for
the betterment of the company.
Please sign and return a duplicate copy of this letter signifying your acceptance.

Yours Sincerely,

For KUFI CONSULTANCY PRIVATE LTD

Kul Gaurav Verma

Human Resource

Employee Acknowledgment

I HAVE CAREFULLY READ THE ABOVE TERMS AND CONDITIONS AND UNDERSTAND IT AND HEAR
BY ACCEPT THE TERMS AND CONDITIONS OF MY EMPLOYMENT WITH THE COMPANY AS SET
OUT HEREIN ABOVE AND AS PER THE POLICY/PRACTICE OF THE COMPANY. I UNDERSTAND
THAT MY ACCEPTANCE HEREOF ON THE TERMS SPECIFIED BY THE COMPANY SHALL FORM A
CONTRACT OF EMPLOYMENT BETWEEN THE COMPANY AND MYSELF. I ALSO UNDERSTAND
THAT, THIS CONTRACT OF EMPLOYMENT SHALL BECOME VOID, PROVIDED ANY OF THE
INFORMATION/S FURNISHED BY ME IN MY APPLICATION/CV/REFERENCES OR AT MY INTERVIEW
IS/ARE FOUND TO BE INACCURATE OR FALSE.

SIGNATURE WITH DATE:

 Annexure - 1

Breakup of your CTC is as follows:

Particulars

Salary Structure - KUFI

Yearly Monthly
CONSULTANCY

Basic 95952.00 7996.00

HRA 34224.00 2852.00

Special Allowance 53724.00 4477.00

Statuary Bonus 7992.00 666.00

Employer's PF Contribution 17964.00 1497.00

Employer's ESI Contribution 6240.00 520.00

CTC 216096.00 18008.00

Less: Employer's PF Contribution 17964.00 1497.00

Less: Employee's PF Contribution 17964.00 1497.00

Less: Employer's ESI Contribution 6240.00 520.00

Less: Employee's ESI Contribution 1440.00 120.00

Pay Out 172488.00 14374.00

Rohit Gupta Employee Signature