23 Jun 2023

Ref:HR/45602

To,

Mr Shashi Kumar,

Greetings from Malabar Gold & Diamonds.

Malabar Gold & Diamonds, the jewellery retail arm of Malabar Group is delighted to welcome you on board. Malabar Group is
a diversified business conglomerate with multiple business verticals focusing on real estate developments, shopping malls,
hypermarket, technologies, retailing of home appliances & electronics, watches, franchisee retailing and services. Malabar
Gold & Diamonds, the flagship company of Malabar Group currently features among the largest jewellery retailers globally
with a strong retail network spread across 11 countries, 13 manufacturing units in addition to wholesale units’, offices and
design centers spread across India, Middle East, Far East, Europe and North America.

Sub:Letter of Appointment

Dear Mr Shashi Kumar,

Further to the interview you had with us, we are pleased to appoint you as “Sales Executive Trainee” on the following terms
and conditions:

1.Your monthly gross salary is as follows:

Basic Salary 2000.00

Other Allowance 550.00
Total(Take home) 2550.00(AED Two Thousand Five Hundred Fifty only)

a. Accommodation – Accommodation will be provided by the company.

b. Incentive – Depending upon volume sales target achievement.
c. Insurance Contribution Provided * (Varies from region to region)
d. Monthly Leave 4 days in a month
e. Working Hours 9 hours a day
f.Air­Ticket Will be provided return air ticket allowance to your home country and back on completion of 24 months
uninterrupted service
g. Annual Leave 30 days leave per year on completion of 12 months continues service.
h. Notice 30 days notice period before employment termination

2. Probation

Confirmation of employment will be subjected to the successful completion of Six months' probation period. If your services
are found to be satisfactory at the probation period, you will be confirmed for the position offered.

3. Confirmation in service
3. Confirmation in service

Your services after confirmation can be terminated with one month notice or salary in lieu thereof. The services can also be
terminated without any notice as per UAE federal labor law.

4. Contract period

As per the UAE labor law.

5. Service rules

You will be bound by UAE federal law and by any rules, regulations and office orders enforced by the management from time
to time in relation to conduct, discipline, holidays and on any matters relating to service conditions which will be deemed as
rules, regulations and order forming part of these terms of employment.

6. Confidentiality

You shall take all necessary care to keep the business and commercial secrets related to your work and should be faithful to
the organization. You shall not share any information on the company’s business processes, knowhow, security
arrangements, administrative or organizational matters to a third party without the consent of the top management.

7. Non Solicitation

You hereby agree that, while you are employed with us and for two (2) years following the termination of your employment
with us, you will not (i) directly or indirectly participate in the recruitment of any employee or (ii) directly or indirectly solicit,
attempt to solicit, canvas or interfere with any customer or supplier of the company or interferes in the business conducted
with such customer or supplier

8. Reporting

During course of your employment you will employ yourself efficiently and diligently and to the best of your ability shall devote
your whole time and attention to the interest of the company /organization and generally carry out duties and work as
assigned to you and shall obey and comply with all the orders and directions by the organization or your supervisor appointed
by the company.

9. Absence

Your unauthorized absence for a continuous period of 7 days (including absence when leave applied for but not granted) or
absent from work without a valid reason for more than 20 non successive days in one single year, will automatically lead to
disciplinary actions without any notice or intimation from the side of the management. If you fail to resume work immediately
after the expiry of your leave, you shall automatically forfeit your salary/wages for the period of absence, with effect from day
immediately following that on which the leave expires.

10. Maintenance of Records

Take care of all files, books, documents and papers, particulars of all goods, merchandise, articles etc. You will also maintain
all equipment, machinery, vehicles etc under you and carry out necessary repairs services as required for its safekeeping
and maintenance.

11. Disciplinary action

During the employment if you are found guilty of misconduct or any willful breach or continuous negligence of the terms of
this appointment letter or rules or dereliction of duties and /or instructions given to you from time to time, the management
may take disciplinary action against you. You will be deemed to have brought about such a situation by your misconduct
compelling the management to put an end to your services and you shall, therefore, continue to be liable for all losses,
damages to the organization.You are liable to be suspended from service without pay pending enquiry into any charges of
misconduct against you, till having a final decision.

12. Health

This appointment and its continuance are subject to your being found and remaining medically (physically and mentally) fit.

13. Termination

As per the UAE Labor law.

14. Retirement

You will retire from the service of the company/firm /organization on attaining the age of 45 years.

For and on behalf of Malabar Gold LLC

Deepak Pushpa Ravindran

HR Head International Operations

I agree that I have read this offer letter and do hereby confirm that I accept all the terms and conditions mentioned in this
letter. I also confirm that I always abide by the rules and regulations of the company and the UAE Government. Offer letter
valid for 7 days from date of issue.

Annexure­1

Please submit below documents upon confirmation of this offer.

1. Passport Copy
2. Passport size photograph (White background)
3. Education Qualification certificate(Highest)
4. Experience Certificate (If Available)

Additional Documents (for Residents/Transferrable & visit visa holders in UAE)

5. Current visa copy

6. Visa cancellation document

Address: Corporate Office ­ International Operations

Malabar International Hub
Dubai Gold Souq, Deira, Dubai,UAE
Telephone number: 009714 25 66 916
email id: careers.intl@malabargroup.com