STRICTLY PRIVATE & CONFIDENTIAL

10/03/2019

Albin Babu,
Bangalore

Dear Albin,
On behalf of Angel Broking Limited, we are pleased to appoint you as Sales Associate. This letter outline the
details of the employment offer.

Commencement Date & Location:

Your starting date of employment with the company shall be 16/03/2019 in Cochin - Kerala. However, based on
business exigencies, you may be relocated by the Company anywhere in India. You may be transferred to a
different position or LOB/department as per the requirements of the Company.

Probation
You shall be employed on probationary terms for six months from the date of your employment; however, the
periodof probation may be extended further, if necessary. Your employment confirmation would depend on your
satisfactory performance and it shall be confirmed in writing.

NCFM Certification:
You shall complete 2 modules during the probation period, which would also be essential /mandatory
for confirmation

Compensation
Fixed Compensation: Your annual fixed compensation shall be of Rs. 300000/- gross and inclusive of all applicable
taxes. This shall include the basic salary, monthly and annual allowances / perquisites. The compensation
package shall be governed by the policies and guidelines of the Company presently applicable and as may be m
odified from time to time. Please refer 'Annexure - I' attached herewith.

Additional Benefits:
As provided along with your offer letter.

Incentives:
In addition to the fixed compensation, you shall be eligible for performance linked incentives as may be decided
by the Company from time to time. As per Company policy all performance incentives are payable at
Company's discretion and only if the employee is on the rolls of the company when the actual payment is
made and the employee should not have submitted his resignation. In your first year of employment, any bonus
allocated to you shall be pro-rated to reflect months worked during the fiscal year.

Performance Review:
Your performance shall be assessed at regular pre-determined intervals and against predetermined Key
Performance Areas and you shall be eligible for salary revisions based on your individual performance
as well as Company performance as per Company policy
Taxation
You shall be liable to pay taxes on your compensation as per prevalent Indian tax laws and regulations during
the period of employment with the Company in India.

Leaves

Privilege Leave: You shall be entitled for Privilege leave after your employment is confirmed as per the policy of the
Company as presently applicable and as may be modified from time to time.

Sick Leave: You shall notify promptly of any absence through sickness and shall produce evidence of such sickness
satisfactory to the Company for sick leave availed for 3 or more consecutive working days

For an extended period of sick leave, we reserve the right to require you to obtain a second opinion from a doctor appo
inted by the Company.

You shall also be eligible for other leave as per the presently applicable policy of the organization and as may be
modified from time to time.

Unauthorized Absences: Without prejudice to your other rights, the Company may deduct the equivalent number
of days from balance leave or salary @ gross salary for every day of absence from employment without
the prior permission from the Company. For uniformed absence for more than 5 continuous days and not reporti
ng to office, will be considered as absconding.

Exclusivity of Employment
You shall not, without the company's prior written permission, carry on any business, or enter for any part of
your time, in any capacity the services of, or be employed by, any other firm, company or person. You shall
devote your whole time and attention to your duties to promote the interest of the Company.

Code of Conduct
You shall not, at any time, make any untrue or misleading statements in relation to the Company nor in
particular after the termination of your employment hereunder represent yourself as being employed by or conne
cted with the Company.

By signing this letter, you acknowledge that you shall comply with the ANGEL Code of Conduct & Ethics as in
effect from time to time and understand that a violation of the Code of Conduct may be grounds for disciplinary
action. The Code of Conduct & Ethics policy of the Organisation of supreme nature in all policy and shall
supersede all other policies.

Confidentiality Agreement
You shall not during your employment pursuant to this Agreement or at any time thereafter without the consent
inwriting of the Company divulge to any person or company any information concerning the business, products,
know-how, technology, accounts, finances, clients or customers of the Company and upon termination you
shall forthwith surrender to the Company all original and copy documents, samples or other items relating to
any matters aforesaid

You must not remove any documents, or tangible items which belong to the Company or which contain any
confidential information from the Company's premises at any time without proper advance authorization
You shall not during your employment pursuant to this engagement or within twelve months thereafter directly
or indirectly induce, entice or solicit or attempt to induce, entice or solicit;

a) any employee of the Company to leave such employment, or

b) the business (in competition with the Company) of any person or company that has at any time during
the period of employment hereunder been a client or customer of the Company.

Termination of Employment
During the probation period, this engagement may be terminated by either party at any time by giving the other
party not less than 15 days written notice or payment in lieu. After successful completion of probation, 30 days
written notice or payment in lieu is required to terminate the engagement. For this purpose, the notice payment
shall mean basic salary.

The Company reserves the right to terminate your employment without notice or payment in lieu of notice should
you be guilty of misconduct or negligence in your duties, or if you should undertake outside employment for
remuneration without prior permission of the Company. Notwithstanding the provisions of this clause, the
procedures for termination of employment and any associated payments shall be subject to Indian laws and
government regulations and Company policy.

Retirement Age : Your retirement age shall be 58.

Other Terms and Conditions

During your employment, you shall be subject to the service rules, regulations applicable from time to time.

The terms and conditions contained herein shall be read along with the instructions, guidelines, policies, etc. and
amendments thereof as presently applicable to you and as may be amended from time to time and as may be ma
deapplicable to you by the Company subsequently during the course of your employment.

Any other terms, conditions, stipulations not specifically mentioned herein shall be governed by employee
handbook and other policies and procedures of the Company as presently applicable and as may be amended
from time to time.

We look forward to having you join our firm. We believe that the position we offer, our dynamic work environment
and a competitive total compensation package create an excellent employment opportunity. We kindly ask you
tosign, date, and return this letter for our records as a token of your acceptance of the terms and conditions
highlighted above.

SIGNED BY SIGNED BY the Employee

Ravindra Maurya
For and behalf of

Angel Broking Limited

Authorized signatory