TERMS AND CONDITIONS OF EMPLOYMENT

Date: March 10, 2023

From:

Foundry Consultancy (NMIMS PROJECT)

201, Ramalya Apartment lane no 4A vijay Nagar Rukanpura Patna 14 Bihar Email:
[email protected]

To:

Dr. Rohith Reddy

15/302 valayanandha puram society colony gudur nellore 524101 Andhra Pradesh.

Re: Employment with Foundry Consultancy (NMIMS PROJECT)

Dear Dr. Rohith Reddy

We are pleased to offer you ("You" or the "Employee") employment in Foundry Consultancy
(NMIMS PROJECT), having its office at 201, Ramalya Apartment lane no 4A vijay Nagar
Rukanpura Patna 14 Bihar ("Employer") on the following terms and conditions:

(1) Type of employment

The Employee will be employed on the following basis: full-time.

(2) Commencement of Employment

(a) Your employment with the Employer ('Employment') shall be effective from the
Commencement Date, which shall be the later of:
(i) January 26, 2023 and

(ii) You providing the Employer with copies of your passport or birth certificate and all
documents pertaining to your educational and professional qualifications and references from
your previous employers (if any) to

the Employer's satisfaction. (b) You shall be employed with the Employer as Director of
Organizational Development. The Employer
reserves the right to change your designation from time to time at its sole and absolute
discretion. (c) Your period of continuous Employment with the Employer shall be calculated from
the Commencement Date.

(d) You warrant and represent to the Employer that you will not breach any obligation binding on
you by reason of entering into this letter agreement or performing any of your duties and
obligations under it or other third-party contractual obligations.

(e) You warrant that all the information relating to you and provided by you to the Employer is
true and accurate.

(3) Compensation & Benefits

(a) As compensation, you shall be entitled to receive a CTC of Rs. 14,00,000 (Rupees fourteen
lakh only) per annum.

(b) This shall accrue on a daily basis and be payable in the following periodicity in arrears by the
day 3 of the subsequent month by transfer to your bank account. It is clarified that 'CTC' shall
comprise your total cost to the company and includes all payments made and benefits provided
by the Employer directly or indirectly to or on your behalf, whether as salary or otherwise.

(c) You shall be entitled to a one-time joining bonus of Rs. 1,00,000 (Rupees one lakh only) at
the end of a period of 1st Week from the Commencement Date. To receive the Bonus, you must
be in service and not under any notice of termination on the date appointed for payment of
Bonus. The Bonus, if any, shall be announced and paid on the dates specified by the Employer
from time to time at its sole and absolute discretion.

(d) The Employer is under no obligation to increase your CTC as a result of any review in
performance. Any revision in the CTC following a review shall be effective from and subject to
such terms and conditions as the Employer shall deem fit.

(e) The Employer may, in its sole and absolute discretion and based on your performance, pay
an annual bonus ("Bonus") of up to 25% of your fixed CTC. While determining the Bonus
payable (if any), the Employer may consider the regular feedback received about your
performance from clients, managers, and co-workers. The decision of the Employer in this
respect shall be final and binding.

(f) To be eligible for consideration for the Bonus, you must have completed the following period:
1 Year of continuous service with the Employer, however, based on your performance company
may consider you for a pro-rata Bonus payout before the completion of 1 Year. To receive the
Bonus, you must be in service and not under any notice of termination on the date appointed for
payment of Bonus. The Bonus, if any, shall be announced and paid on the dates specified by
the Employer from time to time at its sole and absolute discretion.
(g) The Employee acknowledges and agrees that the compensation, as described in the
preceding sub- clauses hereof, is the sole monetary compensation to which the Employee is
entitled in consideration for the Employee's fulfilment of the Employee's Duties.

(1) The Employee acknowledges and agrees that if the Employer provides any additional
monetary compensation to the Employee (such as bonuses), in addition to the compensation as
described in the preceding sub-clauses hereof, such additional compensation will be payable
entirely at the Employer's discretion.

(h) It shall be your sole responsibility to meet all requirements under Indian tax laws in respect
of all payments made or benefits given under this Contract including proper and timely tax
compliance and the Employer disclaims liability for any taxes and other imposts for which you
are liable personally. The Employer shall be entitled to make such deductions which, in its
opinion, are necessary and appropriate from any payment made or benefit given in connection
with the Employment that requires such deduction to be made by the employer and the
Employer shall provide the Form 16 to the employee evidencing the deductions made.

(i) No liability shall attach to the Employer for your failure to pay any such taxes and imposts
and you agree to indemnify and keep indemnified and hold harmless the Employer from and
against any and all losses, costs, expenses, claims or demands which the Employer may pay,
incur, suffer or sustain directly or indirectly arising out of or in relation to or howsoever
connected with your failure to pay such taxes or imposts.

(i) The Employer shall be entitled, at any time during your employment, or in any event on the
termination of your employment, howsoever arising, to deduct from your remuneration and any
sums reimbursable to you by the Employer, any monies due from you to the Employer including,
but not limited to any outstanding advances, payment for excess holiday, overpayment of salary
and any other monies owed by you to the Employer pursuant to your employment with the
Employer under this letter agreement.

(4) Duties & Obligations

(a) The Employee will be required to perform all tasks and will be required to accept all duties
and responsibilities as reasonably requested by the Employer from time to time ("the
Employee's Duties"). In particular, the Employee will have the following duties:

Taking care of entire operations of NMIMS and directing the entire operations and strategies.

(b) Your duties include those duties that would be expected to fall within this job title or such
other duties, consistent with your status, as may reasonably be assigned to you from time to
time to meet the needs of the Employer.

(c) The Employer and the Employee may from time to time agree to make changes to the
position description. or to the Employee's Duties.
(d) The Employee agrees to perform the Employee's Duties in accordance with:

(i) this Agreement; and

(ii) the directions, instructions, requests, and orders of the Employer; and (iii) any of the
Employer's guidelines, practice manuals, policies, or procedures as they exist from time to time.

(e) The Employee must perform the Employee's Duties in good faith having regard to the best
interests of the Employer, and in a careful, conscientious, and professional manner and to a
standard that can reasonably be expected of somebody with the Employee's level of skill,
training, and experience.

You shall:

(f) Devote your whole time, attention, and ability solely and exclusively towards the performance
of the duties and responsibilities assigned to you by the Employer from time to time during the
Employer's normal business hours and at such other times as may be necessary;

(g) You shall abide by the Employer's HR Policy notified to you from time to time and in the
event of a conflict between the provisions of the HR Policy and this Contract, it is hereby agreed
that the provisions of this Contract shall always prevail.

(h) Properly and faithfully serve the Employer and use your best endeavours to protect and
further the interests and reputation of the Employer.

(i) Except when prevented by any emergency, illness, or accident you will devote the whole of
your attention and skill to the affairs of the Employer and use your best endeavours to promote
its interests. You shall adhere to, execute, and fulfil all policies established by the Employer.

(5) Location of Employment

(a) The Employee must work from such locations as the Employer directs from time to time.
Present location will be Patna Bihar state.

(b) You hereby agree to travel to such parts of India and the world as necessary for the
discharge of your duties as the Employer may direct or authorize.

(6) Office hours

(a) The Employer's normal business hours are:

8 Hours Per day

(otherwise than on all holidays as notified in writing by the Employer from time to time).

(b) The Employee will be expected to work 48 hours a week.

(c) The office hours may be amended by the Employer from time to time. However, the
Employer has the right to require you to work such further hours on weekdays/weekends and on
other notified holidays,

(7) Holidays and Leave

(a) You will be entitled to 18 public (preferred) holidays in every calendar year in addition to
such public holidays as may be notified by the Employer from time to time.

(b) You will be entitled to 24 days paid leaves in a 12-month period on an accrual basis. Any un-
availed paid leave in excess of 24 days, at the end of the calendar year will lapse automatically

(c) You are also entitled to 7 days of casual/sick leave in a year. Casual/sick leave cannot be
carried forward. Casual/sick leave balance, if any, at the end of the calendar year will
automatically lapse.

(d) If you are absent from work and such absence has not been previously authorised by the
Employer as provided herein, you must inform your Manager of such absence with reasons as
soon as practicable, but not later than on the morning of the first day of such absence.

(8) Sickness

(a) Any leave taken by you for illness, sickness or injury will be deducted from your casual/sick
leave entitlement.

(b) If you are absent from work due to illness, sickness or injury for a period exceeding 3 days,
you must give us a medical certificate certifying such illness, sickness, or injury on the fifth day
following the first day of absence. For any absence thereafter, you shall upon our request
provide a further medical certificate to the Employer certifying the continuance of the illness,
sickness, or injury.

(9) Confidential Information & Trade Secrets

(a) During the course of Employment, you will have access to information (whether or not
recorded in writing or on a computer disk or tape) which the Employer treats as confidential or
which has the necessary quality of confidentiality.

(b) Further, you understand that the Employer from time to time has in its possession
information which is claimed by others to be proprietary and which the Employer has agreed to
keep confidential. You agree that all such information shall be Proprietary or Confidential
Information for purposes of this Agreement.

(c) Without limiting the foregoing, Confidential Information shall include:

(i) Intellectual Property and Developments including technical data, and information relating
thereto or any part thereof; any devices designed by the Employer or its affiliate, trade or
business secrets of Employer or its affiliate;

(ii) Financial data, in particular, concerning budgets, the fees and revenue calculations, costs,
sales figures, financial statements, costing, profits, profit margins, profit expectations and
inventories of the Employer and/or affiliates; commercial arrangements and negotiations,
unpublished accounting information, business strategies, business plans, research and
development projects, product formulae, processes, inventions, programs, designs,
specifications, discoveries or know-how;

(iii) Confidential or proprietary information received from third parties and the identity of the
Employer's clients and investors, any and all information, material and data provided by any
client of the Employer or its affiliates;

(iv) sales statistics, marketing surveys and plans, forecasts, budgets, costs, profit or loss,
names, addresses and contact details of customers and potential customers or suppliers,
licenses, prices, costs and employee, customer and supplier lists, any other information or
knowledge gained from the Employer or in the course of Employment;

(v) Information concerning the Employer or affiliates' organizational and personnel matters
(including employment-related matters, contact details of any employee of the Employer or its
affiliates, training material used by the Employer or its affiliates), policies and procedures data
and information relating to IT security protocols, all passwords and software used, owned
leased and/or otherwise in the possession of the Employer or its affiliates;

(vi) Business data, particularly data relating to new products, projects, services, promotional
campaigns, plans for future development, strategies, pricing agreements and joint ventures in
which the Employer or affiliates is/are involved;

(vii) All data in respect of consultants, agents, representatives of the Employer and/or affiliates
including details of their effectiveness and compensation, and commission;

(viii) Details of this Agreement, including information and details relating to the Employee's
salary and other

benefits;
(ix) Information which, to the Employee's knowledge, is not intended by the Employer for
general dissemination;

(x) Information received by the Employer and/or Affiliate from third parties under an obligation of
confidentiality;

(xi) Any information derived from any of the above;

(xii) Any copies of the abovementioned information;

(d) You shall:

(1) Keep secret and shall not, at any time either during the Employment or for the following
period: 0.6 Months after its termination, for whatever reason and whether directly or indirectly,
use, disclose, divulge, communicate or reveal to any person (natural or artificial) for your own or
another's benefit, any Developments or confidential, proprietary or secret information which has
come to your knowledge during the course of the Employment without the prior written consent
of the Employer

(II) Use your best endeavors to prevent the publication, disclosure, or use of any such
Confidential information.

(e) The above restrictions shall not apply to divulging/disclosing information to such persons as
may be authorized by the Employer in the course Employment. The Employer's decision as to
who shall be permitted to disclose such confidential information shall be final and binding on the
Employee.

(f) Further, the aforesaid restrictions shall not apply to the disclosure of any information which:-

(i) Is or becomes available to the public, other than as a result of your disclosure;

(ii) Is disclosed to you by any third party otherwise than in breach by such third party of any
obligation of confidentiality to the Employer;
(iii) Is required to be disclosed by any applicable law, regulation, or order of the Court or by any
competent judicial, regulatory, governmental, or other authority or governmental agency.

For the avoidance of doubt, the termination of this letter agreement or variation of any of its
terms or conditions for any reason shall not affect the obligations of confidentiality set out
above, except that they shall cease to apply to any information or knowledge which may come
into the public domain other than by way of unauthorized disclosure in breach of the above
obligations by you.

(g) During the term of employment, the Employee will not improperly use or disclose any
Confidential Information or trade secrets, if any, of any former employer or any other person to
whom the Employee has an obligation of confidentiality, and the Employee will not bring onto
the premises of the Employer or Employer's clients any unpublished documents or any property
belonging to any former employer or any other person to whom the Employee has an obligation
of confidentiality unless consented to in writing by such former employer or person.

(h) It is hereby clarified that the Employee shall be permitted to take an independent regular
membership of non-profit organisations such as ASSOCHAM, ICAI and similar organisations
provided however that the employee shall not (a) act as a consultant to any entity or
organisation other than the Employer; (b) share or disclose any information of the Employer
including Confidential Information, or act as a representative of the Employer at such
organisations unless specifically authorised in writing by the Employer.

(10) Intellectual Property

(a) The Employee has submitted to the Employer a complete report with all supporting
documents relating to all the Confidential Information, Intellectual Property and all other
information developed by the Employee on or prior to the Commencement Date, which would
be excluded from the scope of this Agreement. To preclude any possible uncertainty, the
Employee sets forth in Annexure attached hereto a complete list of all Intellectual Property, that
the Employee has, alone or jointly with others, conceived, developed or reduced to practice or
caused to be conceived, developed or reduced to practise prior to the Date of Employment, that
the Employee considers to be his/her property or the property of third parties and that the
Employee wishes to have excluded from the scope of this Employment.

(b) You shall promptly and fully disclose to the Employer and keep confidential all inventions,
discoveries, trade secrets, copyright works, designs or technical know-how and improvements,
whether or not patentable, and whether or not they are made, conceived or reduced to practise
during working hours or using the Employer's data or facilities, which you develop, make,
conceive or reduce to practise during your engagement, either solely or jointly with others
(collectively, the "Developments") in the course of your Employment. All Developments shall be
the sole property of the Employer and belong to and be owned exclusively by the Employer, and
you hereby irrevocably, absolutely and perpetually assign to the Employer,exclusively by the
Employer, and you hereby irrevocably, absolutely and perpetually assign to the Employer,
without further compensation, worldwide rights in respect of all of the right, title and interest in
and to the Developments and any and all related patents, patent applications, copyrights,
copyright applications, trademarks, trademark applications and trade names in India and
elsewhere free from encumbrances of any kind for the full term of each and every such right,
including renewal or extension of any such term. Decisions as to the protection or exploitation of
any intellectual property shall be at the absolute discretion of the Employer.

(c) The Employee agrees that all originals and all copies of any and all material containing,
representing, evidencing, recording, or constituting all or part of the Developments, however,
and whenever produced (whether by Employee or others) and whether or not protected under
copyright law or patentable or protected under other intellectual property law, shall be
immediately handed over to the Employer upon its creations and any copies thereof returned to
the Employer upon the termination of Employee's employment for any reason.

(d) The Employee agrees that the exclusive ownership of all content and/or part of
Developments that are not protected under copyright laws and/or other intellectual property law
and/or that is not patentable shall be automatically and irrevocably transferred to the Employer
from date of creation.

(e) To the extent any assignment of the Developments cannot be made to the Employer or its
designees, at present, the Employee hereby irrevocably, absolutely and perpetually agrees to
assign to Employer or its designees, all of the Employee's right, title and interest including
intellectual property rights therein or any part thereof. You hereby irrevocably, agree to transfer
and assign to the Employer all of your entire right, title and interest in and to any and all
inventions, discoveries, methods, copyrights, software, data, processes, products,
improvements and developments whether or not published, confidential, protected or
susceptible of legal protection and whether or not any attempt has been made to secure such
protection, which was made, conceived or reduced to practise at any time during the course of
your employment with the Employer (whether prior to or after the execution of this letter
agreement) by you, in whole or in part at the expense of, on the premises of, with the assistance
of the employees or consultants of, or with the equipment or supplies of, the Employer or any of
its affiliates, and any and all other confidential information belonging to the Employer. If you are
the author of any work, or a subject matter other than work, that was created or was being
created in the course of your employment, the Employer may use it in any manner. You consent
to this use whether or not it would, but for this clause, infringe your moral rights. The Employee
explicitly waives all moral rights in the Developments.

(f) For the purposes of this clause, you agree promptly to take all action and sign and deliver all
instruments as the Employer may require at any time hereafter. During and after the term of the
Employee's employment by the Employer, the Employee shall and undertakes to assist the
Employer, at the Employer's expense, in every proper way to (i) secure and maintain the
Employer's rights hereunder and to carry out the intent of this Agreement and for vesting the
Employer with the full title of Developments and all rights, titles and interest including intellectual
property rights therein and to enable the Employer, its successors, assigns and nominees, to
secure and enjoy the full and exclusive benefits and advantages thereof.; (ii) to apply and
prosecute registration applications in respect of intellectual property rights and the
Developments for the Employer's benefit, in any and all countries; (iii) sign, execute, affirm all
documents, including, without limitation, all applications, forms, instruments of assignment and
supporting documentation and perform all other acts as may be required for the above
mentioned purposes.

(g) You hereby constitute and appoint the Employer, its successors and assigns, your true and
lawful attorney, with the full power of substitution for you, and in your name, place and stead or
otherwise, but on behalf of and for the benefit of the Employer, its successors and assigns, to
take all actions and execute all documents on behalf of you necessary to effect the assignment
set forth hereinabove.

(h) Should the Employer be unable to secure the signature on any document necessary to apply
for, prosecute, obtain, protect or enforce any IPRS, due to any cause, the Employee hereby
irrevocably designates and appoints the Employer and each of its duly authorized officers and
agents as the Employee's agent and attorneys to do all lawfully permitted acts to further the
prosecution, issuance, and enforcement of IPRs or protection in respect of the Developments,
with the same force and effect as if executed and delivered by the Employee.

(i) The Employee represents and warrants that he will not use or integrate with the
Developments any third- party materials or data that are not validly licensed to the Employer
unless previously authorized by the Employee's reporting officer in the Employer. The Employee
represents and warrants that the Employee has not violated the Intellectual Property Rights of
any third party, and covenants that he/she shall not violate the Intellectual Property Rights of
any third party in the course of his/her employment with Employer. Provided that in the event
the Employer is held liable for the Employee's violation of any Intellectual Property Rights, the
Employee undertakes to indemnify the Employer or affiliates as the case may be against any
and all losses, liabilities, claims, actions, costs and expenses, including reasonable attorney's
fees and court fees resulting therefrom.

(i) If in the course of the Employee's employment with the Employer, the Employee incorporates
Intellectual Property into the Employer's product, process or machine, the Employer is hereby
granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide licence
(with rights to sublicense through multiple tiers of sub-licensees) to make, have made, modify,
use and sell such Intellectual Property.

(k) The Employee shall not during and after the term of the Employee's employment with the
Employer, in any way violate the Intellectual Property Rights of any client of the Employer.
Provided that in the event the Employer is held liable for the Employee's violation of any
Intellectual Property Rights, the Employee undertakes to indemnify the Employer or affiliates as
the case may be against any and all losses, liabilities, claims, actions, costs and expenses,
including reasonable attorney's fees and court fees resulting therefrom. The Employee further
covenants that he/she shall ensure that all information and records pertaining to any idea,
process, trademark, service mark, invention, technology, computer program, original work of
authorship, design, formula, discovery, patent or copyright of any client of the Employer that the
Employee comes across during the term of his employment with the Employer, are duly
protected. The Employee agrees that all originals and all copies of any and all material
containing, representing, evidencing, recording, or constituting all or part of the Intellectual
Property belonging to any client of the Employer, however, and whenever produced (whether by
Employee or others) and whether or not protected under copyright law or patentable or
protected under other intellectual property law, shall be immediately along with any co applies
thereof returned to the Employer upon the termination of Employee's employment for any
reason.
(11) Dismissal

(a) Notwithstanding anything contained herein, your employment may be terminated by the
Employer without notice and without payment of compensation or in lieu of notice if you are
guilty of fraud, negligence, misconduct or in any way breach the terms of this letter agreement.
Without limiting the above, the Employer shall be entitled to terminate the Employment
summarily by written notice and without any payment in lieu of notice (but without prejudice to
the rights and remedies of the Employer for any breach of this Contract and to your continuing
obligations under this Contract) in any of the following events:

(1) If you have committed any criminal offence or been guilty of any gross misconduct whether
during the performance of your duties or otherwise which, in the opinion of the Employer,
renders you unfit to continue as an employee of the Employer or which would be likely
adversely to prejudice the interests of the Employer.

(ii) If you wilfully abuse or misuse the Employer's computer system, or any password relating to
that computer system or gain access to any file or load any information or program contrary to
the Employer's interests or procedures.

(i) If any information relating to your suitability for employment provided to the Employer in the
course of applying for employment is found to be materially false or misleading.

(iv) If you are subject to immigration control in India, your Employment shall be conditional upon
you having been granted leave to enter into, remain and take up employment in India, such
leave being valid and subsisting at all times and not being subject to any condition precluding or
restricting the Employment.

(b) The following are examples of your conduct as regards the Employer that cause harm to the
Employer and which would entitle the Employer to terminate your employment summarily

(1) Theft, fraud, intentionally providing false or misleading information or any act of dishonesty.

(ii) Any act or attempted act of violence or abusive behaviour towards people or property
including causing deliberate damage to the Employer's property.

(iii) Indecent behaviour towards or harassment or bullying of fellow employees, suppliers,

customers or clients.

(iv) Incapability to undertake your responsibilities under this employment agreement on account
of your abuse of alcohol or other banned substances.

(v) Wilful breach of health and safety regulations, if any, prescribed by the Employer.
(vi) A serious act of insubordination or wilful refusal to carry out reasonable requests by the
board of the Employer.

(vii) Serious or persistent neglect of duties or a series of persistent breaches of the terms and
conditions of your employment.

(viii) Unauthorised use of or disclosure of Confidential Information of the Employer.

(ix) Falsifying records or expense claims.

(x) Conviction for a criminal offence arising from or related to your work for the Employer.

(xi) Conviction for a criminal offence committed outside working hours which in the opinion of
the Employer adversely affects the Employer's business or reputation, or affects your suitability
for the type of work which you perform or affects your acceptability to other employees.

(xii) Any act which you know or reasonably believe is likely to bring the Employer into disrepute.

(xiii) Unauthorised signing of documentation committing the Employer to any financial obligation
which is not in the ordinary course of business of the Employer or exceeding your authority in
any other way.

This list is intended as a guide and is not exhaustive.

(c) Upon dismissal as specified above or the termination of your Employment, you shall
forthwith return to the Employer all documents, books, materials, records, correspondence,
papers and information (on whatever media and wherever located) relating to the business of
the Employer or its customers or prospects, any magnetic disc on which information relating to
the business is stored and any other property of the Employer which may be in your power,
possession, custody, care or control or which contain or refer to any Confidential Information
and shall, if requested to do so by the Employer, provide a signed statement that you have
complied fully with the terms of this clause.

(d) Upon dismissal, you shall not be entitled to receive any accruals towards leave encashment.

(12) Termination

(a) This Contract shall be terminated forthwith:

(i) In the event of your death.

(ii) Upon the dissolution of the Employer.

(b) Upon confirmation of your employment, your Employment may be terminated by either party
by giving the following notice: 3 Months written notice. The Employer may terminate your
Employment by paying you a salary in lieu of notice. It is hereby clarified that the term 'salary'
for the purpose of this clause shall mean the proportionate monthly CTC and shall not include
any other compensation payable to the Employee by the Employer.

(c) If you purport to terminate the Employment without notice or prior to the completion of the
notice period specified above, you hereby agree to relinquish any salary for that part of the
notice period that is not fulfilled. In addition, you shall also pay the Employer for the remaining
notice period for not completing the stipulated notice period. Purported termination of the
Employment without notice or on short notice or the payment of a penalty shall not and does not
absolve you of the obligation to comply fully with the terms of this Clause.

(d) Nothing in this Contract shall prevent the Employer from terminating your Employment
without notice if you have been dismissed.

(e) Once the notice of termination has been given by either Party, the Employer may at any time
before the expiry of the notice period, require you to:

(1) Perform such duties as directed;

(ii) Perform no duties;

(iii) Not have any communication with any customer or prospective customer of the Employer in
relation to the business of the Employer;

(iv) Not contact or have any communication with any employee, officer, director, agent or
consultant of the Employer in relation to the business of the Employer, and

(v) Not remain or become involved in any respect with the business of the Employer except as
required by the Employer, including but not limited to not attending the Employer's places of
business and requiring you to remain at home for all or part of the notice period.

(f) Upon termination of Employment, you shall be entitled to receive the basic salary portion of
the CTC in lieu of any accrued but unutilised holiday entitlement. However, if you have taken
holiday or casual leave in excess of your entitlement, the Employer may at its sole and absolute
discretion deduct a sum equivalent to the basic salary portion of the CTC due for each day of
absence in excess of the holiday or casual leave entitlement.

(g) On the last day of your employment with the Employer you must immediately return to the
Employer in accordance with its instructions all equipment, correspondence, records,
specifications, software, models, notes, reports and other documents belonging to the Employer
and any copies thereof and any other property belonging to the Employer including but not
limited to keys provided to you and which are in your possession or under your control. You will
provide the Employer with any passwords in your possession and which are required to access
these records, or any other such information relating to the Employer produced in the course of
your employment. Furthermore, you will delete all information relating to the Employer produced
in the course of your employment which is not stored on Employer property, including any such
information stored on your personal computer. If you owe any money to the Employer, then the
Employer has the right to deduct such sums from any payment due to you. This is without
prejudice to the Employer's other remedies to recover any sums due from you to the Employer.
No outstanding payments will be made to you until you, if so required by the Employer, confirm
in writing that you have complied with your obligations under this clause.

(h) Any and all of the Employer's Property, Confidential Information and Intellectual Property of
the Employer acquired by or in the possession of the Employee under this Agreement, shall be
returned to the Employer immediately upon termination of this Agreement.

(i) In the event the Employee's employment with the Employer is terminated, Employee shall
sign and deliver to the Employer a termination certificate in the format specified by the
Employer.

(i) It is further agreed and understood that until such time as all of the Employer's Property,
Confidential Information and Intellectual Property are returned and the Termination Certificate is
provided as above mentioned, the Employer shall, in addition to initiating legal proceedings for
recovery (and without prejudice to any other rights or remedies that Employer may have under
law or equity), be entitled to withhold any salary, emoluments or other dues of the Employee
then or in future payable to the Employee, to the extent allowable by law, and may further, at its
discretion, deduct therefrom the full value of the said property/properties calculated at its then
replacement price. The Employee recognizes and agrees that the Employer shall be entitled to
recover from the Employee and the Employee shall be bound and liable to make good to the
Employer any loss suffered by the Employer on account of misuse of the Employer's Property,
Confidential Information and Intellectual Property by the Employee and/or any damage
occasioned to the Employer's Property, Confidential Information and Intellectual Property whilst
in the custody of or entrusted to the Employee.

(13) Restrictive covenants

(a) You shall not during your Employment, without the prior written consent of the Employer,
under any circumstances, whether directly or indirectly undertake as an employee or otherwise
or discharge (for remuneration or compensation howsoever payable) for any other person in
India or elsewhere any duties and responsibilities, of whatever kind.

(b) You shall not during your Employment, without the prior written consent of the Employer,
during the term of employment hereunder, be engaged in any other business activity pursued
for gain, profit, or other pecuniary advantages if such activity interferes with your duties and
responsibilities hereunder.
(c) It is agreed by and between the parties that the employment with the Employer and the
compensation payable under this Agreement shall be sufficient consideration for this Clause.

(d) The Employee hereby acknowledges and agrees that the limitations as to time and the
limitations of the character or nature placed in this Clause are reasonable and fair and will not
preclude the Employee from earning a livelihood, nor will they unreasonably impose limitations
on the Employee's ability to earn a living. In addition, the Employee agrees and acknowledges
that the potential harm to the Employer of the non- enforcement of this Clause outweighs any
potential harm to the Employee by this Agreement and has given careful consideration to the
restraints imposed upon the Employee by this Agreement, and is in full accord as to their
necessity for the reasonable and proper protection of Confidential Information and Intellectual
Property of the Employer now existing or to be developed in the future. The Employee expressly
acknowledges and agrees that each and every restraint imposed by this Agreement is
reasonable with respect to the subject matter, time period and geographical area.

(e) You further agree and accept that during the Employment and for the relevant period as
specified in the clauses above, each of the restrictions above shall be deemed to constitute a
separate agreement and shall be construed independently of the others. It is expressly
understood and agreed by the Parties that although the employee and the Employer consider
the restrictions contained in this Clause to be reasonable if a final judicial determination is made
by a court of competent jurisdiction that the time or territory or any other restriction contained in
this Agreement is an unenforceable restriction against the employee, the provisions of this
Agreement shall not be rendered void but shall be deemed amended to apply as to such
maximum time and territory and to such maximum extent as such court may judicially determine
or indicate to be enforceable. Alternatively, if any court of competent jurisdiction finds that any
restriction contained in this Agreement is unenforceable, and such restriction cannot be
amended so as to make it enforceable, such finding shall not affect the enforceability of any of
the other restrictions contained herein.

(f) You understand and agree that the foregoing restrictions are necessary and reasonable in
scope and duration, in all circumstances, for the purpose of protecting the Employer's business.

(g) If any breach or violation of any of the terms of this Clause occurs, it is agreed that damages
alone may not compensate for such breach or violation and that injunctive relief is reasonable
and essential to safeguarding the interests of the Employer and that an injunction in addition to
any other remedy may accordingly be obtained by the Employer. No waiver of any such breach
or violation shall be implied from the forbearance or failure by the Employer to take action in
respect of such breach or violation.

The provisions of this clause shall survive the termination of this Contract.
(14) Expenses

The Employer shall also reimburse all pre-approved expenses properly incurred by you in the
due and proper performance of your duties or responsibilities provided that supporting original
vouchers and bills are furnished along with any request for reimbursement. All expenses need
to be pre-approved by the Employer controller as designated from time to time and failure to do
so shall result in the expenses not being reimbursed.

(15) Amendments

(a) The Employer reserves the right to make reasonable changes to any of the terms and
conditions of Employment and you shall be notified of such changes by way of a general notice
to all employees. Any such changes shall take effect from the date of the notice.

(b) The Employer shall give 1 month's written notice of what it considers to be any significant
change, either by way of an individual notice or a general notice to all employees.

(c) Such significant changes will be deemed to be accepted unless you notify the Employer of
any objection in writing before the expiry of the notice period of 1 month. Any such changes
shall take effect from the date of the expiry of the notice period. If the Employer receives a
notification of objection within the prescribed period, the objection will be considered and if it
cannot be resolved within a period of 30 days from receipt of the objection, the Employer will
terminate your Employment by giving you notice under Clause 12)b)i). The decision of the
Employer as to what constitutes minor changes of detail or significant changes shall be final and
binding.

(d) You shall not be entitled to make any changes or amendments to this Employment Contract.

(16) Notices

(a) Any notice or other written communication given under or in connection with this Contract
must be delivered personally or sent by Registered post AD.

(b) The Employer's address for service shall be its registered office or such other place as the
Employer may notify from time to time.

(c) Your address for service shall be the address given at the head of this Contract or any other
place that you may notify.

(d) Any notice or other written communication shall be deemed to have been served:

(i) If delivered personally, at the time of delivery.

(ii) If posted, at the expiry of 4 business days after it was posted (excluding the day of posting).
(e) You must notify the Employer in writing of any change in your name, address, bank account
number, marital status or next of kin within one month of such change, and of any arrest,
prosecution or conviction for a criminal offence, any disciplinary action taken against you by a
professional or regulatory body or if you become bankrupt, apply for or have made against you
a receiving order make any composition with your creditors or commit any act of bankruptcy.

(17) Governing Law & Jurisdiction

This contract shall be governed by and construed in accordance with Indian law and each party
to this contract submits to the exclusive jurisdiction of the Courts of Bihar.

(18) Miscellaneous

(a) No collective agreements (which are otherwise applicable to workmen under the Industrial
Disputes Act, 1947) apply to your employment.

(b) This contract sets out the entire agreement and understanding between the Parties in
connection with the Employment and supersedes any previous contract or agreement between
you and the Employer.

(c) The Employer may hold and process, whether electronically or manually, the data it collects
in relation to you in the course of the Employment for the purposes of the Employer's
management and administration of its business and of other employees and for compliance with
applicable procedures, laws and regulations and you hereby consent for the same. The
Employer or its agents may transfer, store and process such data whether in India or any other
place for the above purposes.

(d) The Employee agrees, recognizes and acknowledges that:

(i) he/she has been provided with a copy of this Agreement for review prior to signing it, that
he/she has reviewed it and that he/she understands the terms, purposes and effects of this
Agreement, and that he/she has signed the same only after having had the opportunity to seek
clarifications; that he/she has been given a signed copy of this Agreement for his/her own
records; he/she has not been subjected to duress or undue influence of any kind to execute this
Agreement and this Agreement will not impose an undue hardship upon him/her. He/she has
executed this Agreement of his/her own free will and without relying upon any statements made
by the Employer or any of its representatives, agents or employees. This Agreement is in all
respects reasonable and necessary to protect the legitimate business interests of the Employer;

(ii) if he/she violates any of the terms of this Agreement, the Employer will suffer irreparable
injury and damages the amount of which cannot be adequately measured in monetary terms
and that an adequate remedy at law will not exist;
(iii) In view of the above, the Employer shall be entitled to injunctive relief, in addition to any
other remedy available at law or in equity, in the event he/she violates any of the terms or
conditions of this Agreement.

Signed on and on behalf of:

Foundry Consultancy (NMIMS PROJECT):

Date: March 10, 2023

I confirm that I have read and understood the aforesaid contract fully and by signing and
returning to the Employer the duplicate copy hereof, I hereby accept the terms and conditions
contained therein and agree that the same constitutes a valid and binding contract of
employment between myself and the Employer.

Signed:

Name: Dr. Rohith Reddy

Date:March 10, 2023