08-November-2022

Hoshang Asthana
Confidential: Offer for employment

Dear Hoshang,
On behalf of Advantage Club (the “Company”), we are very pleased to issue this offer letter for the position of
Software Developer - Backend. This offer letter outlines only the basic terms which are not exhaustive and
does not include the detailed terms and conditions of your employment. This offer is subject to your
acceptance of terms of the employment agreements referenced below. This offer is contingent on a
candidature reference and successful completion of the background check done by the Company.

Start Date and Salary

Unless we mutually agree otherwise in writing, you will commence your employment on 3rd-June-2023 (the
“Start Date”) at 10:00 am at our Gurgaon office. Your salary will be as mentioned below in the Table, payable
in accordance with the Company’s standard payroll practice and subject to applicable withholding taxes (if
applicable). Your salary will compensate you for all hours worked, including payments for any overtime.
Salary Rs. 10 LPA
Worth Rs. 4,00,000 - vesting over 4 years at the
companies valuation of $60M according to company's
standard ESOP policy. Units of option for every vesting
cycle will be calculated according to company's or
parent company's valuation on the subsequent dates
of vesting. The mentioned equity will have strike price
according to the company's valuation at $60m. 25% of
assigned ESOP would vest after 1 year of joining and
rest 75% will get vested equally over the rest 12
ESOP quarters
Employee Mediclaim Policy Coverage Upto Rs.5,00,000.

*All the salary disbursements are subjected in accordance with government rules of TDS, ESIC, PF or any other
compliance requirement.

In the unusual circumstances if you feel the need to end the employment in between the duration of the job
then it can be done by giving 60 days’ notice. During the 60 days’ notice period, you will be expected to
perform at the same level as before else the company holds the right to readjust the compensation
accordingly.

3rd Floor, Unit No.31, Chimes Tower, Vakil Market, DLF Phase-4, Gurugram, Gurgaon HR 122009 IN
CIN: U72900HR2021PTC095734, email: hr@advantageclub.in | Ph: +91-8882870870