17th May 2019

Ref: iOPEX/RRF3116.CAN150/5758

APPOINTMENT LETTER

Mr.Rakesh R
Plot No11, 1st Street, Sri Krishna Nagar, Perumbakkam
Chennai,Tamil Nadu,600100.

Dear Rakesh,

Congratulations! Further to your application for employment with us, and the subsequent
selection process, we are delighted to appoint you as Software Engineer - Trainee with
iOPEX Technologies in Grade S1.

Your Total CTC Salary will be 360,000/- per annum [Rupees three lakh sixty
thousands only]. This has been detailed in the Compensation Details annexed (Annexure
1) to this letter. For the purpose of clarification, your compensation details and related
figures is dependent on your business vertical and job band within the Company.

The terms & conditions of our Offer of Employment to you are as follows:

1. Date of Commencement of Employment:

Your employment with the Company shall commence on May 20, 2019.

2. Location:

Your current location of employment shall be Chennai , India. However, iOPEX reserves the
right to transfer/utilize your services at any time to any of its unit(s)/ department(s) or
office(s), work sites, or associated or affiliated companies in India, or outside India, on the
terms and conditions as applicable to you at the time of transfer.
For the purpose of this agreement, "Affiliate" means any entity that controls, is controlled
by, or is under common control with the First Party. For purposes of this Agreement,
"control" means possessing, directly or indirectly, the power to direct or cause the direction
of the management, policies or operations of an entity, whether through ownership of
voting securities, by contract or otherwise.

3. Health Insurance Plan - Group Health Insurance Scheme (FY 2018-19):

You will be eligible to participate in a Group Health Insurance Scheme. You will be covered
under the Standard Plan and as per your Job level confirmed in this offer. The Standard Plan
provides you and your family i.e. your spouse and two children up to the age of 18 years
with a cover of Rs. 1,00,000 per annum.

4. Group Life Insurance & Personnel Accident Coverage Scheme:

You will be covered under the Group Life Insurance Scheme, that provides you with a total
life insurance cover of Rs. 2,00,000 of which Rs. 1,00,000 is covered towards natural death,
and additional Rs. 1,00,000 towards an accidental death.

5. Probationary Period and Confirmation as a Permanent Employee:

You will be on probation for a period of six months from the date of joining the company
and you will be appraised for satisfactory performance for which iOPEX would confirm you.
This confirmation will be communicated to you in writing, and you will be deemed to
continue on probation till such time. If your performance is found unsatisfactory, iOPEX may
extend the probation period. If your performance is still found unsatisfactory, iOPEX shall be
entitled to terminate your services forthwith.

6. Working Hours

All our operations function 24x7, 365 days in a calendar year. Your working hours, number
of working days in a week, weekly - off will depend upon the process requirements. You
may be required to work in shifts and/or in extended working hours, as permitted by law.

The company reserves the right to alter/modify its working hours.

In case you absent yourself from duty for 3 days or more or extend leave at your own and
without consent of management beyond originally granted leave, you shall be deemed to
have left and relinquished your service. Such automatic relinquishment of the contract of
employment shall be deemed as repudiation of the contract of employment by you, and not
as a termination of the service by the company. In such case the Company will initiate
necessary action as per its policy, in that regard.
 7. Leave

iOPEX provides for Earned (Privilege) Leave and Casual leave and as per the policies of the
company. Leaves will be credited on the 1st of the subsequent month.

8. Increments & Promotions

Your growth and increase in salary will depend solely on your performance and contribution
to the Company. Salary increases are normally given on an annual basis and will be based
on iOPEX’s Compensation & Promotion Policy.

9. Notice Period

During probation, your services can be terminated with 60 days notice or salary in lieu
thereof on either side. On confirmation or as a regular employee, your services can be
terminated with 90 days notice or salary in lieu thereof on either side. iOPEX reserves the
right, if it is in the interest of business and current assignment, to ask you to serve your
notice period. In case the management at your request accepts a shorter period of notice,
you shall be entitled to receive your salary only for the actual number of days worked.

The company reserves the right to terminate your services, for any act of misconduct, poor
performance and high level of incompetency. This will be applicable during or after your
training period. You will be subject to disciplinary action leading to termination, without
notice or compensation.

If you are getting ‘transferred’ or ‘promoted to ‘senior roles’, the terms of notice will vary. It
is mandated to reach out to the Human Resources team to understand the obligation and
tenure of notice.

10. Background Verification

Your employment will be subject to clearance of a Background Verification/ Reference

Check/ Criminal Check/ any other test specified by the client and genuineness of documents
or information provided by you, which is including and not limited to your education (10th
standard to post graduation, or as applicable), your prior employment and residence
address. The background check is in line with iOPEX’s background Verification policy. You
are being appointed on the presumption that you have no criminal background as per the
law of the land and the particulars furnished by you in your application/resume and joining
documents are correct and complete.

A specially appointed agency will conduct internal and external background Verification .
Normally, such checks are completed within one month of joining. If the background check/
referrals reveals unfavourable results and are not true and complete, you are liable to
disciplinary action including termination of service without notice.

You will be required to sign a standard Proprietary Information and Inventions agreement
on joining. Your employment with us will be governed by the terms and conditions of the
organization.
This offer of employment and its annexures constitutes the entire agreement between you
and the Company regarding the terms of your employment and it is the complete, final, and
exclusive embodiment of your agreement with regard to this subject matter and
supersedes any other promises, warranties, representations or agreements, whether
written or oral. It is entered into without reliance on any promise or representation other
than those expressly contained herein, and it cannot be modified or amended except in
writing signed by an authorized officer of the Company.

This agreement shall be governed by the laws of India and you hereby agree to the
exclusive jurisdiction of the courts in Chennai, India.

As a token of your acceptance of this agreement, kindly sign the duplicate copy.

We welcome you to the iOPEX family and wish you a rewarding career over the years to
come.

Yours sincerely,

Sumitra CV
Associate Director - HRA

Encl: Annexure A – Compensation Details

Annexure B – Other Benefits
Annexure C – Terms & Conditions
 Annexure A: Compensation Details (Salary & applicable benefits)

Name: Rakesh R

a) Remuneration

Division & Sub Division : Client Services

Designation: Software Engineer - Trainee Grade: S1
Salary Heads Per Month Per Annum
Fixed Pay
Basic 10,500 126,000
HRA 5,250 63,000
Statutory Bonus 1,400 16,800
Special Allowances 11,050 132,600
Total Fixed Pay 28,200 338400
Employer Contributions
Provident Fund 1,800 21,600
Sub-Total 1,800 21,600
TOTAL CTC 30,000 360,000
Net Pay 26,400 316,800

b) Retirals

i. You will participate in the company Provident Fund Scheme as applicable to your category
of employees.
ii. You will be entitled to gratuity as per the provisions of the Gratuity Act 1972.
c) Applicable tax would be borne by the employee.

___________________________________

Note –

i. It is expected that individual compensation package would not be shared with other
employees.
ii. The above compensation structure is subject to change without affecting emoluments
adversely.
 Terms and Conditions of Employment

1. You shall not divulge, communicate or pass on any information, know-how, knowledge,
data, methods, plans etc., of the company,; directly or indirectly which you may come to
possess as a result of your employment with the company to any outsider or anyone not
employed by the company. This Agreement shall be effective as of the first day of your
employment with the Company, and in the instance of your separation from the company, it
will remain in effect for five years from your last working date.

2. During your employment with the company, you shall not carry on any employment
elsewhere, business, profession or calling of your own, either part time or otherwise. You
will also not engage in any commercial activity.

3. You shall not accept any offer of appointment / engagement / work assignment from any
of the existing or past clients of iOPEX, either during the course of your employment with us
or up to a period of one year from the date of your separation from iOPEX, without the prior
written permission of the competent authority.

4. You will be required to declare any direct relatives who may be working with iOPEX or
any of its subsidiary, group, and affiliate companies, direct or indirect competitors. If any of
your direct relatives are offered by iOPEX, or any of its subsidiary, group, affiliate
companies, you would be required to voluntarily declare the same as and when an offer of
employment is made to them. Direct relatives include spouse, brother, sister and children.

5. You shall not download any unauthorized information, documents, graphics, etc, that you
may gain access to, during the course of your work. You will be held solely liable for such
acts and the Company shall stand absolved of the same.

6. You shall not use your e-mail IDs / addresses / contact numbers to correspond with the
existing / past / pipeline clients of iOPEX., either to solicit business for personal gain or as
an agent of any other company/ firm / organization, for a period of twelve months from the
date of your relieving.

7. You are liable to not join any of our competitors including its associate companies or
sister concerns for two years with effect from your date of joining. If you fail to adhere to
the same, you and the company which you join will be liable for such non-conformance.

8. You shall not communicate, in any manner, any information regarding your remuneration
/ terms of employment to any other employee of the company except your immediate
superior and/or concerned person(s) of the HR department.

9. You shall be governed by the policies and procedures of the company, service rules and
regulations being in force, or introduced/ amended later. All policy documents are available
in our portal myportal.iopex.com. In this regard, an undertaking confirming that you have
read and understood the policies will be taken, at the time of joining.
10. Your offer is subject to you being medically fit at the time of joining the Company or at
the request by the client/ management. Upon request, you are required to contact a
registered medical practitioner and obtain a Medical Fitness Certificate which needs to be
submitted at the time of joining/upon request. If you are found medically unfit to carry on
the duties of your current role, this offer will stand withdrawn. The decision of the company
will be final.

11. You shall communicate any change with regard to your expected date of Joining. The
HR team will give you a letter confirming the change of date.

12. You shall declare to the Human Resources team if you are a foreign national or a non-
resident Indian. You will be obligated to conform to all the statutory laws that govern a
foreign national or a non-resident Indian.

Our offer to you as a Software Engineer - Trainee is conditional upon your having fully
completed your graduation, without any active backlog papers and with a pass percentage
of 60%. These eligibility criteria for the Role has already been clearly communicated to you.
You will produce all marks sheets and other relevant documents, at least till the
penultimate semester. All these proofs will need to be submitted on the day of joining.
Further, you should have been declared as passed by the relevant examination authority.
The determination of the adequacy or authenticity of all or any of the proofs and any
condonation of delay in submission of the same will be at the Company’s discretion

On joining you will be imparted with necessary training. You are expected to meet with all
the requirements in the training. In the event, you are unable to meet with the
expectations, we would be constrained to terminate your services. During the training
period working schedule shall be of any six days a week.

The Company has policies that are linked to performance management, career growth and
annual compensation review of an employee and these policies shall be applicable to you.

You shall be required to sign certain mandatory agreements, including but not limited to
the Confidentiality, Intellectual Property Rights, the Code of Business Conduct and Ethics
and your employment shall be governed by all the rules and regulations, as amended from
time to time, of the Company as applicable to your category of employees.

Furthermore, the Company has various human resources and administration policies and
procedures. The Company reserves the right to vary these policies at any time in its
absolute discretion. While these policies do not form part of your contract of employment,
you are required to abide by all applicable policies.

In case of defiance of the terms and conditions set herein, the Company shall have all rights
to take appropriate disciplinary action against you, in its sole discretion.

I hereby acknowledge and agree to abide by all internal policies of the Company.

Signature
 Its mandate to submit the below mentioned documents at the time of your
joining

1. Three passport size photographs and two stamp size photographs

2. Educational Certificates (photo copy for submission)

a) 10th Mark Sheet

b) 12th Mark Sheet
c) UG provisional Certificate - degree certificate or mark sheets, provisional valid only till 6months
d) PG provisional Certificate - degree certificate or mark sheets, provisional valid only till 6months

3. Last three month's pay slip

4. Relieving letter/Service certificate from the last three employer’s as per applicability.

5. Identity Proof:(Kindly provide all the below mentioned documents)

Valid Indian Passport (Kindly sign the affidavit, if you do not have a passport).
Aadhar Card
Voters Identity Card
Driving License
Bank Pass Book with attested customer photograph

6. Address Proof(Kindly provide all the below mentioned documents)

Valid Indian Passport

Aadhar Card
Voters Identity Card
Telephone bill
Ration card
Electricity bill

7. PF Account No with the last employer as per applicability

8. If Applicable Under ESI: One Post Card Size photo with nominee.

9. PAN Card (Mandatory), if not submitted within 30 days this will be treated as a
disciplinary issue.

Note: "Kindly bring the Original certificates for validation at the time of joining"