S-178 MIDC Bhosari, Pune-411026 Tel: +91 20 4076 7777

16 Apr 2014

To,

Pankaj Monadal

Subject: Letter of Appointment

Dear Pankaj Monadal,

Further to your application, the subsequent selection process and acceptance of the offer of employment made to

you, Evolve Technologies & Services Pvt. Ltd. is pleased to appoint you effective 16 Apr 2014 as Field Technician

on the below mentioned terms and conditions.

Employee Code 2844

This is a unique number and is your identifier in the HR Systems

at Evolve. Please use this during your communications with the

support teams during your tenure at Evolve.

Cost To Company Rs. 144960/-

This is the sum of gross salary paid to the employee and

employee related expenses directly incurred by the company for

Statutory Compliances, Insurances and other Employee benefits.

Notice Period 15 days This is to facilitate a proper work handover process and ensure

the continuity of work at the client site without any disruptions.

Replacement Fee 10% Of Gross Salary

The cost of hiring a new employee including the interviewing,

screening, and hiring, in case of not serving Notice Period the fee

will be chargeable to the employee(s).

Deputed To

Huawei

Telecommunications

(India) Co. (P) Ltd

This is your initial client and may change during the course of

your employment, depending upon the work requirements and

project status.

Deployed At New Barrackpur This is your initial location of deployment and may change base

on work situations or client requirements from time to time.

You are requested to also note the below mentioned terms and conditions.

a. Probation

You will be on probation for a period of 7 months from the date of your joining, after which you will be

confirmed if your work is found satisfactory. The probation period can be extended, if found necessary.

You shall continue to be on probation, till your services are confirmed in writing by a letter of

confirmation. During probation period the performance of the employee will be evaluated to determine

whether further employment in the specific position is appropriate. During the probation period, the

company can terminate the employment without serving any written notice. If you decide to resign during

probation period, you will be liable to give 7 days notice or payment of equivalent Gross Salary amount in

lieu thereof.

S-178 MIDC Bhosari, Pune-411026 Tel: +91 20 4076 7777

b. Service

Your appointment is full-time and you will not at any time engage in any paid occupation or business (part

time or full time) outside Evolve without obtaining prior written consent from Evolve. You shall abide by

the Rules and Regulations of Evolve which are in force and / or which may be framed from time to time in

relation to conduct, discipline and other matters. When placed at client’s sites all existing norms of the

client site with regard to work timings, holidays, travel policies etc. will be applicable to you. You could be

assigned additional or new work or moved to alternate clients or different work sites, depending upon the

work requirements. You can be absorbed into the client’s organization as per their internal requirements

and approval process. On receiving confirmation from the client, Evolve will not deter your movement

into the client organization in any way. Evolve reserves the right to terminate your service in case of non-

performance, misconduct, fraud, ethical issues or any other circumstance, which in the opinion of Evolve

may be against the welfare of the company. In the event of your separation, voluntary or mandated, you

must hand over all company assets like laptop, data card, etc. in proper working condition within 1 hour of

acceptance of your resignation. In the event of failure of your returning the assets like laptop, data card,

etc, it will be considered as a default on your part and the company can take legal action against you. The

company can hold back your experience and relieving letters as well as submit your name into default

employee databases. In such cases there will be no dues from the company side payable to you. Also in

case of unexplained absence of over two days from client site you will be considered as absconding and no

dues will be payable to you from the company side. The full and final settlement along will be initiated

post confirmation from your reporting manager and the HR team regarding receipt of company assets

and will be completed within 45-60 days from the date of handover.

c. Compensation

The earning heads of your compensation are listed below. Salary revisions are discretionary and not

mandatory after completion of 7 months in the company. It will be solely on the basis of effective

performance, client commercial arrangement and management decision. Your salary cycle would be 20-20

for every month. Salary would be processed as per the number of days approved in the Timesheet/WCC

and is typically paid out by the 10th of every month or within 6 working days of receipt of the approved

Timesheet/ WCC, whichever is later.

Particulars Monthly

Basic 6600

HRA 3300

Conveyance Allowance 0

Medical Allowance 0

Communication Allowance 500

Personal Allowance 175

Gross Salary 10575

Less PT 200

Less ESIC 185

Net Salary 10190

S-178 MIDC Bhosari, Pune-411026 Tel: +91 20 4076 7777

Please Note: Statutory Deductions like TDS, ESIC or any other taxes such as Income Tax levied by the

government from time to time will be deducted as per the Government Policy in force from the above-

mentioned Gross Salary. Also based on usage of company assets, security deposits and deductions may be

applicable. Hence, the Net Salary stated above may change.

You need to confirm your acceptance of this appointment on the above-mentioned terms and conditions by

returning to us the copy of this letter duly signed by you.

We look forward to a long and successful association with you.

Welcome to Evolve Technologies and Services Pvt. Ltd.

Yours Sincerely,

Shilpi Sethi

Director

Evolve Technologies & Services Pvt. Ltd.

I accept this appointment on the above-mentioned terms and conditions.

Signature: ……………………....

Name: ……………………….

Date: ……………………….