AGREEMENT

This agreement made this _____ day of _____ two thousand ________ between Maruti
Suzuki India Limited (hereinafter referred as the “Company” of the third party), which
expression where the context so admits, shall include the successor in interest and
permitted assigns.

AND

Shri ______________, aged about _____ years, son/ daughter of Shri

________________, aged about ______ years, presently residing at
___________________________________________________.(hereinafter referred to as
“trainee” of the first party)

AND

Shri ___________________ son/daughter of Sh._______________ and residing at

____________________________________ (hereinafter referred to as the “surety” of
the second part) which expressions where the context so admits shall include his legal
and assigns.

WHEREAS:

A. “Trainee” means the engineering graduate recruited from the empanelled institutions
of MSIL, who undergoes training for the period defined in the appointment letter and
on satisfactory completion of training, is confirmed as the regular employee of the
Company.

B. “GET (Graduate Engineering Trainee – L-EO)” is the terminology used to identify the
trainee during his training period.

C. The Company proposes to appoint the Trainee as a “GET”, by its appointment letter
no. ___________________________, dated _______________, (hereinafter referred
as the “Appointment Letter”) and the trainee agrees to join the Company upon the
terms and conditions contained in the Appointment Letter.

(Signature of Surety) (Signature of Trainee)

D. The trainee admits and declares that in order to enhance his skills and make him
prepared for the job requirements of the Company, he must undergo training, before
being assigned with job responsibilities. The trainee also understands that with costs
spent by the Company during the training period, the trainee shall stand benefited
with the improvements in his professional skills.

E. The Company shall incur costs, time and efforts upon the Trainee in imparting
training to him. Therefore, as a return on consideration against investment which the
Company would make on the Trainee in terms of costs, time and effort, the Company
proposes to the Trainee to serve it for a minimum period of one year, excluding
training period, which the trainee agrees to do, on the terms and conditions mutually
agreed between the parties and contained in this agreement.

F. The Surety in consideration of the Company appointing the trainee as GRADUATE

ENGINEER TRAINEE and invest time, efforts and costs upon him in imparting
training agrees to stand guarantee for the trainee in relation to the serving the
Company for a minimum period of one year, excluding training period and upon
failure of the trainee to fulfill this condition to compensate the Company in the
manner mutually agreed between the Surety and the Company and contained in this
Agreement.

NOW IN CONSIDERATION OF MUTUAL COVENANTS CONTAINES IN THIS

AGREEMENT, THE PARTIES AGREE AS FOLLOWS:

1. COVENANTS OF COMPANY

The Company hereby covenants to devise and impart requisite training to the trainee
and pay him remuneration, as specified, in the Appointment Letter. However, the
Company shall be responsible for any interruption or stoppage of training, as well as,
service due to exigencies of work on for causes beyond its control.

2. COVENANTS OF TRAINEE

The trainee hereby covenants as follows:

a) To serve the Company for a period of training, as well as, unauthorized leave
without pay and study leave, if any.

(Signature of Surety) (Signature of Trainee)

 b) To compensate the Company in the manner specified in the Schedule hereto, in
regard to the remuneration paid to the trainee if the trainee fails to complete the
training period or satisfactorily complete the training period or fails to serve the
company for a period of one year thereafter, as aforesaid.

c) Failing to complete successfully, the period of training, to serve the Company, for
a period of one year, excluding the training period, shall mean and include:

i. Termination of services of the trainee, by the Company, by way of removal

or dismissal, for any reason including, unauthorized absence from training 20
days or more or remain absent from training on medical grounds or non -
performance of the terms and conditions of this bond.

ii. Acceptance of resignation by the Company.

d) To obey and abide by all applicable policies, rules, regulations, service conditions,
code of conduct & business ethics and standing orders of the Company and of its
authorized offers and representatives, issued from time to time.

e) To intimate to the Company, the event of death, insolvency, tenancy of the Surety,
within fifteen days of its occurrence and execute the fresh agreement with a new
surety, as may be necessary, without prejudice, to the rights and liabilities of the
parties under this agreement.

3. COVENANTS OF SURETY

This Surety hereby covenants as follows:

a) To stand Guarantee for the said Trainee to compensate the Company, due to non-
performance or non-compliance by the trainee of the terms and conditions
specified herein above and the Surety hereby further agrees, that no indulgence
shown or concession granted to the trainees shall have the effect of discharging the
said Surety or shall effect his liability arising out of this agreement to the extent of
Rs.2,00,000/- (Rupees Two Lakhs only).

4. CONSIDERATION

In consideration of the Company agreeing to provide training, as it may be decided in

its discretion and incur costs, time and efforts on the trainee, the trainee hereby agrees
to serve the Company for a minimum period of one year, excluding training period,
failing which, it agrees to compensate the Company, as provided in the Schedule to
this Agreement. The trainee also agrees that in case of default, the company shall also

(Signature of Surety) (Signature of Trainee)

 be entitled to recover its compensation by attachment of the property or receivable
amounts from his subsequent employer/company.

In consideration of the Company appointing the Trainee as Graduate Engineer

Trainee and agreeing to provide training to him, as it may decide in its discretion, the
Surety hereby agrees to stand guarantee for the trainee, as agreed in this agreement.

5. TERM

This agreement shall commence from the date of joining of the trainee with the
Company and shall continue to be in force till the period of one year after excluding
the period of training, of the Surety compensating the Company, as agreed in this
agreement.

6. APPOINTMENT LETTER

The conditions of appointment of the Trainee with the Company, as contained in the
appointment letter issued by the Company, save as expressly notified hereby, shall
remain unaffected and shall continue to be binding on the trainee and Surety.

7. ARBITRATION

If any difference or dispute arises between the parties hereto, as to the construction or
true intent and meaning of any of the terms and conditions herein contained or as to
any payment to be made in pursuance hereof or as to any other matter arising out of or
connected with or incidental to these presents or as to the rights, duties and
obligations of either party, such difference or dispute whenever arises, shall be
referred to arbitration of a Sole Arbitrator, to be appointed by Managing Director,
Maruti Suzuki India Limited. The Arbitration shall be conducted in accordance with
the Arbitration and Conciliation Act, 1996. The venue of such Arbitration shall be at
New Delhi.

8. ENTIRE AGREEMENT

This agreement constitutes the entire agreement between the parties, with respect to
the subject matter thereof. This Agreement supersedes and replaces any oral and
written understanding, agreement or representations between the parties.

(Signature of Surety) (Signature of Trainee)

 SCHEDULE

Compensation payable to the Company as follows:

During the Training: Salary paid by the Company up to the date

On completion of Training
(During period of Service Agreement)
of his leaving plus training cost subject to
a maximum of Rs. 2,00,000/- (Rupees
Two Lacs only).
Rs.2,00,000/- (Rupees Two Lacs only)

IN WITNESS WHEREOF the parties to this Agreement have set their hands, the date
and year first above written.

SIGNATURE OF TRAINEE In presence of Witness 1:

Witness 2:
SIGNATURE OF SURETY In presence of Witness 1:
Witness 2:

SIGNATURE OF AUTHORISED REPRESENTATIVE OF THE COMPANY

In presence of Witness 1:
Witness 2:

(Signature of Surety) (Signature of Trainee)

 SURETY’s DECLARATION FORM

I have read the agreement executed by Mr/Ms ______________________ I am willing to

stand as surety for him/her.

The following are my particulars

01 Name (Surety) _____________________________________________

02 Father’s Name _____________________________________________
03 Permanent Address _____________________________________________
_____________________________________________
Contact No _____________________________________________
04 Service or Occupation
Name of Employer _____________________________________________
Designation _____________________________________________
Address _____________________________________________
Contact No. _____________________________________________
05 Income
Monthly Income INR__________________________________________
Annual Income INR__________________________________________
06 PAN Number (Surety) _____________________________________________
(Please attach a photocopy of surety’s PAN Card & photocopy of income tax
return filed to income tax authorities)
07 *Appropriate value of Personal Property (If any) _________________________
(This column is to be verified by the Appropriate Revenue Authority only in case
the Surety given on the basis of Value of Property)
I certify that the particulars furnished above are true to the best of my knowledge
and belief.
Yours faithfully

(Signature of Surety)

*Column Number 07 verified (If applicable)

Name, Signature & Seal of the Appropriate Revenue Authority

(Signature of Surety) (Signature of Trainee)