Date: December 05, 2023

To,
Sumit Kumar
S/o Mr. Khajan Singh
Branch – Pataudi

Sub: Appointment Letter

Dear Sumit Kumar,

It was a pleasure for us to have interacted with you.

Further to the interviews you had with us, we are pleased to offer you an Appointment with Bizloan
Private Limited.
The terms and conditions of your appointment are as follows:

1. You will be designated as Relationship Officer at Associate Professional Band.

2. This position reports to Branch Head.
3. Your proposed joining date is on or before December 05, 2023, and your appointment is
effective from your joining date.
4. Your place of posting at the present will be at Pataudi.
5. You will be entitled to a Fixed Compensation (Salary and Benefits) of Rs.2,12,916/- (Rupees
Two Lakhs Twelve Thousand Nine Hundred Sixteen Only) per annum, on a Cost to Company
basis. Details of the same are available as Annexure I.
6. In addition to the above, you will be covered under the Sales Incentive policy of the
Company. The payout potential will be defined as a percentage of disbursal amount for that
month and will be based on Individual Performance.
7. You will be on Probation for a period of 6 months from the date of appointment. You will be
confirmed in service by a specific Letter of Confirmation subject to satisfactory work,
conduct and attendance, and continue to serve the Company on the terms hereinafter
contained or as the same may from time to time be modified by mutual consent.
8. If your capability and conduct during the period of Probation is not found satisfactory, the
Company may at its sole discretion, extend the Probation Period of 6 months to a further
period of three months.
9. It should be clearly understood that during the Probationary Period, your employment with
the Company can be terminated either by the Company or by yourself with notice of at least
60 days.
10. On Confirmation, should you decide to terminate this Appointment and leave the Company's
services, you will be required to give 90 days' Notice in writing, provided you discharge all
your duties and handover charge to your successor to the satisfaction of the Company.
Acceptance
of the resignation will be at the discretion of the Company and which will not be unduly withheld if
you agree to serve the stipulated Notice Period. Decision on the exact date of relieving will
be communicated to you.
You must note the following on Resignation:
Waiver of Notice period, in part or in full, shall be at the sole discretion of the Company and if the
Notice Period is waived by the Company at the request of the Employee, he/ she may have
to pay the amount equivalent to shortfall of Notice Period. For calculating the Shortfall of
Notice Period, Fixed CTC will be the basis and the Employee shall not be entitled to receive
any emoluments for the unserved notice period.
11. It should be clearly understood that you may be transferred in the service of the Company
from one location to another, depending upon needs and priorities of the Company.
12. You will be entitled to leaves as per the leave policy of the company, which shall be
communicated to you separately.
13. Your Date of Birth as mentioned on the KYC given by you is July 13, 1997, and you will retire
from the services of the Company on the day you complete 60 years of age.
14. All Intellectual Property Rights, including know-how, trademark, patents, copyright, design
rights and other proprietary information and rights, of whatsoever nature, whether
registered or unregistered, whether registrable or un-registrable, whether accruing as a
result of law or fact, made or created by you during or in course of your employment with
the Company, are hereby assigned directly and forthwith to the Company, at no cost and
without any further requirement on your part to do anything further, and the terms and
conditions of this Appointment letter shall be sufficient consideration for the same.
All rights, title and interest in Intellectual Property Rights, including the right to amend, alter, copy or
commercially exploit the same, shall belong solely to, and be for the benefit of, the
Company.
You shall not, without the prior written consent of the Company, use, copy or license in any manner
whatsoever any Intellectual Property Rights for any purposes whatsoever other than as may
be directed by the Company.
You shall disclose to the Company your business interests, whether or not they are similar to or in
conflict with the businesses or activities of the Company, and all circumstances in respect
thereof and whether there is or might be a conflict of interest between the Company and
you. Failure to do so shall result in violation of these terms and conditions.
15. You shall treat all information pertaining to the business of the Company as absolutely
confidential and shall not disclose such information to any person, other than those required
to be divulged in the normal course of business, which you are legitimately expected to
shape as a part of the Role for which you have been appointed. Should you divulge
confidential information to any outsiders, you will be liable to be proceeded with under the
applicable laws in force.
16. You shall promptly upon request by the Company and in any event upon the termination of
your employment deliver to the Company all lists of clients or customers, correspondence
and all other documents, papers and records in whatever form including (without limitation)
electronically held data containing or referring to any trade secrets or confidential information
concerning the business of the Company which may have been prepared by you or come
into your possession, custody or control in the course of your employment, including
(without limitation) any prior employment with the Company. You shall not keep copies of
these items.
 17. You shall be subject to Compliance Rules as determined by the company from time to time
or as may be imposed by any Regulatory body. It is your responsibility to ensure that you are
aware of the Compliance Rules in force from time to time and that you adhere to them. The
Company may require that you sign undertakings that you will abide by the then existing
Rules and Regulations, from time to time.
18. Any amounts payable by the Company to you towards Compensation, Allowance and / or other
Payments shall be subject to deduction of withholding of Taxes and / or any other Taxes
under applicable law. Certificates for such Taxes withheld shall be provided to you after the
close of the Company's Financial Year.
19. During your employment with the Company, you shall perform the services with the best
ability and keeping in mind the best interests of the Company and shall devote your best
efforts for promoting the Company's business and shall not without prior written consent of
the Company engage or be interested (directly or indirectly) in any other business or
employment
20. This Appointment is governed by the General Terms and conditions applicable in the
Company and also the policies notified by the Company and applicable to all employees. A
copy of the extant General Terms and Conditions is enclosed in Annexure II
21. The Company shall have the right to forthwith terminate your employment in the event you
(a) commit any criminal offense or indulge in activities which in each case, in the reasonable view of
the Company, amounts to moral turpitude and / or (b) act against the interest of the
Company and / or (c) commit any material breach of this Agreement and / or (d) commit any
material breach of the Company's policies.
Your service with the company will be governed by the Company's Rules and regulations as
applicable at the time being in force and those that may be promulgated from time to time
thereafter.
Please note that details of your compensation are confidential, and you may discuss queries, if any, only with the
Head - HR & Administration.
If the above terms and conditions are acceptable to you, please sign the duplicate copy of this Appointment
Letter as a token of your acceptance and return the signed copy within 7 days of receipt of this
Appointment Letter.
We thank you for the interest you have shown in the Company and we believe that you will find your Role
very challenging and rewarding.
We extend a warm welcome to you and look forward to your contribution to the growth and profitability of
the Company.

Yours Sincerely,

For Bizloan Private Limited

 February 24

Name Sumit Kumar

Designation Relationship Officer
Band Associate Professional
DOJ December 05, 2023
Location Pataudi
Department Sales
UAN Number 101685553920
Total Payable Days 28
Company Bizloan Private Limited
Component Monthly
Basic 10,600
HRA 5,300
Special All 5,300
Stat Bonus 883
Gross 22,083

PF Employer 1,800
ESI Employer 718
Gratuity 510
Retirals 3,028
CTC 25,111
Net Payable Salary 19,055

Benefits
1 Mobile Up to Rs.200/-
2 Conveyance As per travel policy
Incentive As per company incentive policy
 ANNEXURE – II

GENERAL TERMS AND CONDITIONS

The Terms and Conditions shall be duly signed by you along with acceptance of Offer of Appointment
and submitted to us on the date of joining.

1. You are requested to report at the address given below to comply with the Joining
Formalities and a brief Induction. Joining Checklist is appended as Annexure III.

Bizloan Private Limited

Address – 132, DLF Qutub Plaza, DLF City Phase 1, Gurugram, Haryana - 122002

2. The Terms and Conditions shall continue to be in force post the Confirmation of the employee.

3. During the entire period of your employment with the Company, you will neither communicate
nor divulge any secret affairs / information / technical know-how connected with the
business of the Company nor will have any sketch, documents, drawing or specimen of the
Company without written permission of the Management. You will abide by all the rules /
regulations of the Company has made applicable in the Company from time to time.

4. Any change in your address, qualifications, family status etc. must be intimated in writing to
us within 7 days of the change.

5. You shall faithfully and diligently serve the Company and abide by all orders of the company
or of the officer placed by the Company in authority over you in relation to the discharge of
your duties.

6. During your employment with the Company, you will not engage yourself in any trade,
business or profession without the written permission of the Management.

7. The Company may terminate your services with immediate effect without any notice or
compensation, for (a) any act of misfeasance, nonfeasance and malfeasance or fraud in the
performance of your duties; (b) insubordination; (c) false representation; (d) guilty of
misconduct; (e) applied for insolvency. The Company reserves the right to recover such
amounts from the Salary payable to you.

8. In the event we find at any stage that any information given by you is wrong / false,
misleading or misrepresented willfully, or if we find that you have concealed any information
from the Company, you shall stand liable for action including termination of your
employment.

9. In case you are found to remain absent from your duties for a period of 7 consecutive days
without any lawful permission or authorization, it shall be deemed by the Management that
you have abandoned the job on your own accord and your Appointment shall be terminated
 without notice or payment in lieu of notice period. Accordingly, your name will be struck off from the
muster roll of the Company.

10. You shall be eligible for Benefits of Provident Fund and Gratuity as per the applicable laws from
time to time. You shall also be eligible for any other perquisites in accordance with the rules
governing the same and as may be formulated / modified from time to time.

11. Your Appointment is subject to (a) satisfactory references about your character and conduct;
(b) proper and smooth relieving from your previous employments; (c) satisfactory Background
Verification of educational qualifications, previous employment details etc. and; (d) medical
fitness.

For Bizloan Private Limited

Date: December 05, 2023 Place:

Pataudi

I agree to the above terms and conditions.

I agree to join the Company on or before December 05, 2023

Name of the candidate: Sumit Kumar

Signature

Place Pataudi
 ANNEXURE

JOINING CHECKLIST

1) Company Application Form

2) Copy of Offer Mail
3) Acceptance of Appointment Letter
4) Resume
5) Present / Permanent Address
Tick appropriate (Ration Card / Passport Copy / Utility Bill / Voter ID / Rental Agreement)
6) Passport size Photographs (3)
7) Academic Credential
a. SSC /10th Class - Certificate copy issued by board
b. Graduation - Copy of Degree Certificate and final year / semester marks card (Provisional
Certificate, if applicable)
c. Post-Graduation - Copy of Degree Certificate and final year / semester marks card
(Provisional Certificate, if applicable)
8) Employment History
a. Copy of Relieving letter / Experience certificate
b. Copy of appointment order and latest pay slip if the employee is still working in the company
9) Copy of PAN Card
10) Age Proof (Passport / Driving License Card / Class X Marks Sheet)
11) Bank Account Details (Cancelled Cheque Leaf)
12) Dependent / Nominee Information

Name of HR: AMAL GOVIL Employee No. of Date:

Signature of HR: HR: BL000014 December 05, 2023