Date: 27-Aug-2022

Akash Sharma
45, Hardev Sahai, Ghaziabad,
Ghaziabad, Uttar Pradesh - 201001

Sub -: Offer CUM Appointment letter for the post of DISBURSEMENT OFFICER-CREDIT.

Dear Akash Sharma,

This is with reference to your application for the above mentioned position and our further discussions with you; we are pleased to offer, subject to
the fulfilment of the following terms and conditions, you an appointment as DISBURSEMENT OFFICER at our GHAZIABAD Branch in the Grade M1 in
CREDIT Department.

1. Your basic salary plus allowances in accordance with the Company's rules that are in force for the time being and from time to time shall be as per
the enclosed Annexure I.Please note that the Management reserves the right to restructure or change your compensation at any time at its sole
discretion.
2.Your appointment will be subject to the terms and conditions set out in Annexure II. This appointment cum offer letter is conditional to successful
reference checks. Upon successful fulfilment and satisfaction of all the terms and conditions mentioned in this Offer cum Appointment letter within
Seven days from the date of this letter, this conditional appointment shall become absolute. In case of your failure to fulfil any or all of these terms
and conditions within the aforesaid period of Seven days from the date of this letter, this Offer cum Appointment letter shall be automatically
revoked.
3.At the time of interview/appointment or at a later date if it is found that you have furnished wrong documents/information in such case your Offer
cum Appointment letter shall be revoked.
4.You are requested to submit the documents before joining but not later than Seven days from the date of
this Offer cum Appointment letter, as per the enclosed annexure III. Till such time, the above documents are submitted to our satisfaction, this offer
cum appointment is to be considered as provisional.

You will Report to Shivangi Tripathi at our GHAZIABAD Branch. You are requested to report at the below mentioned address:
AAVAS FINANCIERS LIMITED
1ST FLOOR, B- 38, PARIJAAT BHAWAN, RDC RAJ NAGAR, GHAZIABAD – 201002-201002,UTTAR PRADESH-INDIA

This offer cum appointment is valid subject to your joining on or before 2022-08-30 .
Please sign and return the duplicate of this letter to HR Department as token of acceptance of the offer cum appointment within Seven days from the
date of this Offer cum Appointment letter, on the terms and conditions mentioned above as well as in the Annexure.
We look forward to working together with you in AAVAS FINANCIERS LIMITED
Yours faithfully,
For AAVAS FINANCIERS LIMITED

Sushil Kumar Agarwal

Page 1 of 8
AAVAS FINANCIERS LIMITED
NAME: Akash Sharma GRADE: M1
DESIGNATION: DISBURSEMENT OFFICER DOJ: 2022-08-30
DEPARTMENT: CREDIT LOCATION: GHAZIABAD

Component Monthly Yearly

BASIC and DA 11743 140916

HRA 3812 45744

Statutory Bonus 978 11736

Gross Before 16533 198396

EMPLOYEE PF CONTRIBUTION 1409 16910

EMPLOYEE ESI CONTRIBUTION 124 1488

Net Take Home 14999 179998

EMPLOYER PF CONTRIBUTION 1526 18319

EMPLOYER ESI CONTRIBUTION 537 6448

GRATUITY 564 6778

Total Fixed CTC 19161 229941

Total Annual CTC 19161 229941

Page 2 of 8
 Your performance appraisal will be done on completion of one Year from your date of Joining as per company
Appraisal:
policy.
Minimum Business Threshold: As per decided by Management.
Monthly Target: As per decided by Management.
Incentive: As per Company Policy with effect from Date of Joining.
Mediclaim Policy : You will be eligible for Mediclaim as per company policy.
Conveyance Expense will be reimbursed for official purpose visits and will be reimbursed as per company
Conveyance :
policy.
CUG Limit : As per Company Policy
Foreign Tour Eligibility : As per applicable programmes run by the company time to time.
Group Personal Accident
As per Company Policy
Policy :
Other Condition : NA

**Employees not covered under ESIC will be covered under companies’ mediclaim policy. Calculation based on Rs.1250/- per month & Remaining
month in a financial year.
**Professional Tax as per rules shall be deducted if applicable in state.

Page 3 of 8
 ANNEXURE II

Terms and Conditions of Appointment attached letter no. HR: Rec: dated

1. Performance Payments: The performance payment is an annual amount dependent on the rating that one receives during the annual appraisals.
The payment is calculated taking into account four factors: basic salary, grade, performance of the employee (i.e. the rating) and performance of the
Company (a Company factor is decided every year depending on the performance of the Company in the previous financial year). Depending on the
type of work in some cases this may be replaced by an incentive plan where incentives are paid monthly.
2. Travel allowances:The employees undertaking travel on official business are entitled to certain travel allowances depending on their grade. The
details of these allowances are available with the Human Resources and Administration Department.
3. Provident Fund:You would be eligible to become a member of the Provident Fund Scheme as per terms and conditions governing such benefits, on
your appointment. On becoming a member, you will contribute every month an amount as prescribed under the Provident Fund Rules, the Company
contributing a like amount. The settlement of the Provident Fund account and other matters connected thereto will be governed by the Provident
Fund rules applicable to you.
4. Probation: You will be on probation for a period of six months beginning from the date of joining the company. You will be confirmed after the
probationary period if your work and conduct are found satisfactory. The management reserves the right and shall have the sole discretion either to
extend the probationary period or to dispense with your services at anytime during the period by a written notice of 30 days if your pperformance or
conduct, at the discretion of the management does not come up to its expectations. You can resign from the compnay's service during the
probationary period by giving 30 day's written notice.
5.Remuneration: The agreed remuneration shall be paid to you through a transfer of funds to a HDFC bank account which you will need to open.
The remuneration shall be paid monthly in arrears and net of any withholding taxes and other deductions (whether in respect of set-off,
counterclaim, duties, taxes including service tax if applicable, charges, levies or otherwise). The Company shall provide you with a certificate of tax
deduction at source in respect of all amounts withheld from amounts payable to you. It is agreed and understood that the remuneration payable by
the Company to you shall constitute full and adequate compensation for all employment and other services rendered by you to the Company. You
shall not be automatically entitled to receive from the Company or its group companies or affiliates, any additional payments, commissions, bonuses
or compensation for employment and other services rendered to the Company. Payment if any of the above nature will be solely at Company’s
discretion.
The Company shall be entitled to deduct from the remuneration or compensation or any other amounts payable to you as per this appointment letter
any and all amounts as may be owed by you to the Company, including advances and loans.
6. Service subject to rules: Your services would be governed by the Company’s policies, rules and regulations in force for the time being and
from time to time. You agree to comply with all the Company policies, rules and procedures as may be applicable to the employees of the Company
from time to time.
7. Transfer: Your services would be governed by the Company’s policies, rules and regulations in force for the time being and from time to time. You
agree to comply with all the Company policies, rules and procedures as may be applicable to the employees of the Company from time to time.
8. Withholding of increments: The increments in your grade will not be automatic but will be subject to satisfactory work, regular attendance and
good conduct.
9. Termination: Your employment can be terminated by you at any time, for any reason whatsoever or without assigning any reason, by providing a
prior written notice of 1 (One) month to the Company. The Company may terminate your employment with the Company at any time without
providing any reason, by providing prior written notice of 1 (One) month or by providing 1 (One) month remuneration in lieu of the written notice.
Company may ask you to leave or terminate you on account of integrity, or found guilty for data security violation or any act against the interest of
the organization. In such cases immediate relieving without any notice & any payment would be processed.
You agree that, at the time you leave the employment of the Company, you will deliver to the Company (and will not keep in your possession,
recreate or deliver to anyone else) any and all devices, records, data, notes, reports, proposals, lists, correspondence, other documents or property,
or reproductions of any aforementioned items developed by you pursuant to your employment with the Company or otherwise belonging to the
Company, its affiliates, successors or assigns. You shall have no right of retention of the assets or documents of the Company.

Page 4 of 8
10. Notification to new employer: Upon termination of your employment with the Company for any reason, whatsoever you hereby grant consent to
notification by the Company to any subsequent employer(s) your rights and obligations under this appointment letter.
11. Certificates and Testimonials: Certified copies of your certificates and testimonials, including the proof of your age, together with originals, may
please be submitted for verification, to the Human Resources Department.
12. Change in Status: You should keep the Company informed about any change in your address, educational qualifications and marital status.
13. Declaration under Companies Act: In accordance with sub-section (2A) of Section 314 of the Companies Act 1956, you are requested to make a
declaration whether you are in any way related to or you have business connections with any of the Directors of the Company.
14. Weekly Working : Your working week will be as per the practice followed in the establishment/department/section in which you are posted. [The
Company shall not be required to pay any overtime wages to you for employment services performed outside working hours or on public holidays].
15 .Leave: You will be entitled to leave in accordance with the leave rules of the Company. The facilities, amenities and leave granted to employees
in excess of the statutory requirements do not form part of the conditions of service and are subject to change at the discretion of the Management.
16.Public Holidays: The Public Holidays observed by the Company are subject to adjustment or reduction from time to time.
17. Secrecy: You shall, at all times, maintain complete secrecy about the Company’s business affairs, inventions, special techniques, secret processes
and the like which may come to your knowledge during the period of your employment including but not limited to all analyses, forecasts, reports,
studies, agreements and other documents whether prepared by you or a third party.You shall keep and render faithful account of all properties of
the Company entrusted to you in the course of your employment with the Company.During the period of your employment, you shall not, without
the written authority of the Company, publish any written articles or deliver any talk on any subject related to your profession or participate as a
member of any organization connected with your profession. During the period of your employment, you shall not make any public statement, or
author any book, report or writing, in relation to the business or affairs of the Company.
18. Inventions : All work product developed or invented by you in the course of performance of your employment with the Company shall belong to
the Company. You hereby assign and agree to assign to the Company all of its intellectual property rights (including moral rights) in and to any
products developed, inventions, written materials, electronic data and other materials and documents created in the course of your employment with
the Company. You shall not retain any rights or interest in any property, materials, products, data or documents created in the course of your
employment with the Company.Both during and after the termination of your employment with the Company, you agree to execute without any
compensation all such other deeds and documents and do all such acts as may be reasonably required by the Company for further and better
protecting the Company’s rights to all and any property, materials, products, data or documents created by you in the course of your employment
with the Company. Both during and after the term of your employment with the Company, you agree not to publish, directly or indirectly, except
with the prior written consent of the Company, any information in relation to any intellectual property, confidential information or trade secrets of the
Company.
19. Data Protection: For the purposes of the data protection by signing of this letter, you consent to the Company and such other persons and
entities designated by the Company collecting, holding and processing personal data relating to you whether provided to the Company or otherwise
received by the Company for all purposes, including, but not limited to: administering and maintaining personnel records; paying and reviewing
salary and other remuneration and benefits; providing and administering benefits; undertaking performance appraisals and reviews; maintaining
sickness and other absence records; taking decisions as to your fitness for work; providing references and information to future employers, and if
necessary, governmental and quasi-governmental bodies for social security and other purposes; providing information to future purchasers of the
Company or of the business(es); surveillance where criminal activity is suspected; monitoring e-mail/internet usage; transferring information about
you to a country or territory outside India.

Page 5 of 8
20. Confidentiality: All proprietary information regarding the Company and / or its affiliates will be regarded and preserved as confidential at all times
and you shall refrain from publishing or disclosing any part of it for his / her own benefit or for the benefit of others, in any way by any means
whatsoever, unless expressly permitted in writing by the Company.
21. Non Disparagement: At all times while dealing with the customers or prospective customers of the Company you shall represent yourself as an
employee of the Company, and all agreements entered by you with them shall be for and on behalf of the Company. You shall not make any
communication or engage in any conduct that is or can be reasonably be construed as disparaging of the Company or their Officers, Directors,
Employees, Agents, Shareholders Strategic business partners, products or services.
22. Remedies: In the event of a breach or a threatened breach the Company shall in addition to any other remedies provided herein or otherwise
available by law have the right and remedy to havecovenants specifically enforced by any court having equity jurisdiction.
23.Agreement not to Solicit Employees, Suppliers and Customers: During the term of your employment with the Company and thereafter, you shall
not personally or through an agent, company or otherwise in any manner directly or indirectly induce or attempt to induce any supplier of the
Company or any of its affiliates to cease to supply or restrict or vary the terms of supply.During the term of your employment with the Company and
thereafter, you shall not personally or through an agent, company or otherwise in any manner directly or indirectly induce or attempt to induce any
customer or client of the Company or any of its affiliates to cease to procure such products and/ or services.During the term of your employment and
after termination of your employment with the Company, you will not directly or indirectly solicit, recruit, induce or persuade any of the employees of
the Company or any of its affiliates to leave their employment or take away such employees, or attempt to solicit, induce, recruit, encourage to leave
their employment or attempt to take away employees.
24.Prohibitions under FCPA and PCA: During the term of your employment, you shall follow the prohibitions as laid down under Foreign Corrupt
Practices Act of 1977 (FCPA) and Indian Prevention of Corruption Act 1988 (PCA) and shall abide by the law and bribery provisions as stated in the
Act.As per the terms stated in the Act, the employee cannot directly or indirectly make, promise, offer or receive cash, gifts or “anything of value” in
order to get, keep or provide business, to learn confidential information or to influence official action or inaction by a Government Official.

AAVAS FINANCIERS LIMITED

Authorized Signatory

Page 6 of 8
 ANNEXURE III

List of Mandatory Joining Documents: -

Page 7 of 8
 Acknowledgement and Acceptance

I hereby accept this offer-cum-appointment on the above-mentioned terms and conditions and agree to abide by the Rules & Regulations of the
Company as are in force from time to time. The current issue of the Rules has been read and understood by me before signing this letter.

I shall join

On Date: ____________________

Name: ____________________

Signature: ________________________

Date: ____________________________

I hereby confirm the date of Joining of Mr. ..................................as stated above.

Name of reporting Manager: Shivangi Tripathi

Signature:

Branch Name: GHAZIABAD

Employee Code:

Date:

Page 8 of 8