Ph: 080 40826800

(15 Lines)

# 565, Axis Pennmark Building, 2nd & 3rd Floor, 9th Cross,
Sarakki, J.P. Nagar 3rd Phase, Bangalore – 560078 Karnataka, INDIA. _______________________________

OFFER LETTER
Vukkadala Mallikarjuna Murthy Date: 28th September 2018
1-4-47, Brahmin street,
Naidupet-524126, Nellore(district)

Dear Vukkadala Mallikarjuna Murthy,

We have pleasure in appointing you as Sr. Automation Test Engineer in V2Soft Pvt. Ltd., Bangalore
location Your start date is 1st October 2018.

As an employee, you will be paid, as set forth in the Employment Agreement, for services rendered. You will
be eligible for applicable holidays and vacation as outlined in the “Employee Handbook”. V2Soft has a
monthly payroll. Your employment is subject to the terms and conditions set forth in the Employment
Agreement (“Agreement”), which incorporates the Employee Handbook as stated in the Agreement.

Please be aware that all employees are evaluated during employment relative to their individual performance.
In the event there may be compensation adjustments, the adjustment will be determined by management and
based upon factors as: your length of service and overall job performance.

A brief overview of our benefits is listed below. (See Employee Handbook for detailed description, guidelines,
and terms and conditions)

Benefits: Effective from the first day of your service:

Group Medical Insurance: V2Soft currently provides a Medical plan with Reliance Insurance Company.
The Employee contributes towards part of the Premium.

Leave Plan:
You will be entitled to leave plan as per the Employee Handbook.

Holidays:
As an employee, you will be eligible for holiday pay as observed by V2Soft. Please refer to “Employee
Handbook”. (Also check the client location holiday list)`

We welcome you as a member of our Organization and look forward to your long and fruitful association
with the Company.

This offer is conditional upon the results of all applicable reference, background checks and it supersede all other offers either,
verbal, written, expressed or implied.

Acknowledgement by:

________ __________________
Archana Kunde Vukkadala Mallikarjuna Murthy
Head HR Employee
28th September 2018 28th September 2018

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 Ph: 080 40826800
(15 Lines)

# 565, Axis Pennmark Building, 2nd & 3rd Floor, 9th Cross,
Sarakki, J.P. Nagar 3rd Phase, Bangalore – 560078 Karnataka, INDIA. _______________________________

EMPLOYMENT AGREEMENT

This Employment Agreement is effective on 28th September 2018 between V2Soft Pvt. Ltd, with office at
#55, Floor No.5, Divyasree Towers, Bannerghatta Main Road, Bangalore – 560076 and Vukkadala
Mallikarjuna Murthy

STATEMENTS

A. The Company is engaged in the business of development and/or implementation of computer

software and other technology products for its Clients.
B. The Employee has education and experience, which would be useful to the Company in its business.
C. It is in the Company's best interest to secure the services of the Employee and the Employee's
specialized knowledge and unique capabilities with respect to the business of the Company.
D. The Company and the Employee wish to set forth in writing the terms and conditions of the
employment of the Employee.

NOW, THEREFORE, the parties agree as follows:

ARTICLES OF AGREEMENT

ARTICLE 1: EMPLOYMENT

1.1 The Company agrees to engage the Employee as a Sr. Automation Test Engineer and the
Employee accepts such employment by the Company on the terms and conditions set forth in this
Agreement. The Employee agrees that he/she is well qualified in their professional field to serve the
Company faithfully in this capacity and to perform such duties and responsibilities as may be
established by the Company and/or its Client from time to time.
1.2 Working Hours: The standard working hours in the office will be from 12 PM to 9 PM local time
including lunch break. The exact schedule can be determined between the Employee and the
Company based on the exigencies of the project the Employee is assigned to. Employee may be
required to work in shifts and/or in extended working hours, as permitted by law and as per the
requirements of the project.

1.3 Travel and overseas postings: Depending on the job requirement Employee should be willing to
travel anywhere within India or abroad. While Employee is travelling he/she will be paid salary along
with other benefits as per the company policy.
1.4 Increments and Promotions: Employee’s performance and contribution to the Company will be
an important consideration for salary increments and promotions. Salary increments, and promotions
will be based on the Company’s rewards program notified from time to time.
1.5 The Employee agrees to devote the Employee's entire energy and full and undivided attention
exclusively to the business of the Company and/or Company’s Client.
1.6 The Employee agrees and represents to the Company that he/she is not subject to any existing
contract, or business which would be in conflict and affect or impede the Employee's ability to
perform in accordance with the terms of this Agreement. To the extent that Employee is subject to
the terms of a Confidentiality Agreement with another entity, Company expects Employee to abide
by that agreement.

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 Ph: 080 40826800
(15 Lines)

# 565, Axis Pennmark Building, 2nd & 3rd Floor, 9th Cross,
Sarakki, J.P. Nagar 3rd Phase, Bangalore – 560078 Karnataka, INDIA. _______________________________

1.7 Employee understands and agrees that all documents related to his/her employment with Company
may be shared by Company with its Client for whom Employee is providing services at any time.
This would include but not be limited to documents related to hiring, background check, drug and
alcohol tests, and other relevant information which shall have sufficient consents as required under
the law. Employee agrees, as a condition of employment, to sign any documents that Company’s
Clients require, including agreements related to Intellectual Property Rights and Restrictive
Covenants.

1.9 Termination: At anytime during the employment, the Company will be entitled to terminate the
Employee services by giving 30 days notice in writing, or by payment of 30 days salary in lieu of such
notice. In the event the Employee desires to leave the services of the Company at any time during
the employment, the Employee will be required to give the Company 60 days notice in writing or 60
days salary in lieu of such notice. Provided in the event the Employee desires to leave the services,
the Company shall have the sole discretion to waive the requirement of service of notice period or
payment of notice period salary and relieve the Employee with immediate effect without any further
liability for payment of salary or any other sums. Notwithstanding anything stated above, if the
Employee is in the middle of a project at the date of his/her resignation, in spite of the notice as
above, the Employee shall not be relieved from the Company unless the Employee has trained a
replacement for the project to the satisfaction of the Client.

. The company may dismiss the Employee from employment without notice if the Employee:

a) Engages in serious misconduct

b) Commits a serious or persistent breach or non-observance of any condition of your employment
c) Is convicted of an indictable offence
d) Knowingly or repeatedly acts (i) in excess of his/her powers; or (ii) in contravention of the
instructions of the management
e) Knowingly or repeatedly fails to perform the Employee’s duties assigned by your reporting manager.
f) Acts with gross or repeated incompetence or negligence to the material detriment of the company,
the company or their affairs
g) Grossly or repeatedly contravenes the provisions of the Non-Competition clause or the
confidentiality clause hereof
h) Is involved in drug/substance abuse
i) Has not informed the Company of any legal cases pending against you and any bond/agreements
which might affect employer-employee relationship
j) Conflict of interest in any work employee performs.
k) Poor performance with related to the work assigned

Upon termination of the employment /agreement, the Employee will be obliged to immediately return to the
Company all property belonging to the Company including materials, documents and information copied in
any form whatsoever (laid down in any form whatsoever, data carriers, computer software and data files),
articles, keys and similar items.

Employee is required to provide transition to the reporting manager and/or technical leads involved in the
assignment before getting relieved from the company. Company has right to waive any compensation/benefit
to employee upon termination, if the employee fails to provide proper knowledge transfer.

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 Ph: 080 40826800
(15 Lines)

# 565, Axis Pennmark Building, 2nd & 3rd Floor, 9th Cross,
Sarakki, J.P. Nagar 3rd Phase, Bangalore – 560078 Karnataka, INDIA. _______________________________

ARTICLE 2: COMPENSATION

2.1 The Company agrees to pay the Employee an annual salary Rs. 12,00,000/- (Rupees Twelve
Lakhs only) less taxes as applicable. Please refer to Annexure A for detailed Salary structure
2.2 The Employee's Compensation is payable Monthly as per the policies of the company.
2.3 The Employee further agrees that if the Employee gets overpaid due to any clerical or payroll error,
the employee understands to reimburse the extra amount received, to the company.

ARTICLE 3: FRINGE BENEFITS

Employees are subject to the policies in the Employee Handbook and are, unless otherwise indicated in this
Agreement or in applicable plan documents, eligible for the benefits described therein.

ARTICLE 4: LEAVE & HOLIDAY POLICY

The Employee is entitled to leave, as per the Leave & Holiday Policy defined in Employee Handbook which
shall be amended from time to time.

ARTICLE 5: REIMBURSEMENT OF EXPENSES

The Company recognizes the Employee may make certain expenditures for travel, entertainment and other
business-related expenses necessary to carry out the Employee's duties under this Agreement. The process
for Reimbursement shall be as defined in the Reimbursement Policy of the Company.
ARTICLE 6:
The term of this Agreement shall commence from the effective date of employment of Employee with the
Company.

ARTICLE 7: CONFIDENTIALITY AND SECONDARY EMPLOYMENT:

7.1 The Company has acquired and developed and will continue to acquire and develop systems and
procedures, business and financial data, credit information on customers, lists containing the names,
addresses and business habits of customers, sales reports, price lists and other information (all of the
foregoing is referred to as the "Proprietary Information").
7.2 The Proprietary Information is confidential, important, and unique to the Company's business. The
Company and the Employee acknowledge the Proprietary Information represents trade secrets of the
Company or its subsidiaries.
7.3 For the Company to properly protect the Proprietary Information, ISO 27001-2013 process is being
followed for data security. The Employee recognizes it is essential that confidentiality, integrity &
availability to be maintained with respect to their functions. Certain restrictions be imposed upon the
Employee during the course of employment and for a reasonable period thereafter.
7.4 The Employee agrees to keep all Proprietary Information confidential. The Employee agrees to
refrain from communicating or divulging any of the Proprietary Information including any
information about Company’s products or services or clients or employee information to any person,
firm or corporation during the term of employment and for a period of five (5) years following the
termination of this Agreement for any reason whatsoever.

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 Ph: 080 40826800
(15 Lines)

# 565, Axis Pennmark Building, 2nd & 3rd Floor, 9th Cross,
Sarakki, J.P. Nagar 3rd Phase, Bangalore – 560078 Karnataka, INDIA. _______________________________

7.5 The Company has acquired, and during the Term the Employee will acquire much similar
information about the business of the Company's Clients. The Employee agrees to treat the
information acquired about the Company's Clients in the same manner and under the same
restrictions of this Article 7.
Employee may not engage in outside employment, including self-employment in private practice,
which is incompatible with the full and proper discharge of their duties and responsibilities to
V2Soft. Employees only may engage in secondary employment if all the following conditions are
met:
➢ Secondary employment does not conflict with the goals and objectives of V2Soft and does not
create a conflict of interest or a perceived conflict of interest;
➢ Secondary employment does not interfere with or decrease the quality or quantity of the
employee’s job performance for V2Soft; and
➢ V2Soft is notified in writing of the identity of the secondary employer or private practice, the
expected hours of work weekly and strict compliance with items 1 and 2 above AND upon a written
approval from CEO.
Any employee who fails to comply with this policy will be subject to disciplinary action up to and
including discharge.

ARTICLE 8: RESTRICTIVE COVENANTS:

The Employee covenants and agrees that during Employee’s Employment with Company and for a period of
Two (2) years following the termination of his/her employment for any reason whatsoever, the Employee
shall not directly or indirectly do any of the following:

8.1. Solicit or accept any business, employment, or contract for goods, services, or deliverables, from a
person, firm or corporation that is or was a Client of the Company during the time the Employee is
employed by the Company; Solicit or accept any business (directly or indirectly), employment, or
contract for goods, services, or deliverables, from any person, firm or corporation that is a
prospective Client of the Company with whom the Employee had any dealings on the Company's
behalf during the term of employment; and
8.2 Engage in a business (as an employee, shareholder, partner, owner, investor, or contractor) that
competes with the business being conducted by the Company at the time of the Employee's
termination of employment.
8.3 Solicit, indirectly or directly induce, or attempt to induce any employee to terminate his/her
employment with Employer and/or Client, he/she will not solicit, entice, take away, or employ or
contract, directly or indirectly, any person employed by Employer and/or Client at any time during
Employee’s employment with Employer.
8.4. Employee may obtain from Company a written exception to the foregoing.

ARTICLE 9: REMEDIES OF COMPANY:

9.1 The employee acknowledges the restrictions imposed by this agreement are reasonable and are
necessary to protect the legitimate business interests of the company. The employee also
acknowledges and agrees that such restrictions do not and will not impose an undue hardship on the
employee.
9.2 If the Employee breaches any of the restrictions imposed by this Agreement, the Employee agrees
the Company has the right to obtain an injunction to prevent any further violations and the
additional right to recover court costs and reasonable attorney’s fees incurred by the Company.

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 Ph: 080 40826800
(15 Lines)

# 565, Axis Pennmark Building, 2nd & 3rd Floor, 9th Cross,
Sarakki, J.P. Nagar 3rd Phase, Bangalore – 560078 Karnataka, INDIA. _______________________________

9.3 The Employee also agrees that if the Employee breaches any of the restrictions imposed by this
Agreement, the Company can recover damages for breach of this Agreement, court costs and
reasonable attorneys' fees incurred by the Company.

ARTICLE 10: BINDING EFFECT:

This Agreement is binding upon, inures to the benefit of, and is enforceable by the heirs, personal
representatives, successors and assigns of the parties. This Agreement is not assignable by the Employees
without the prior written consent of the Company. The above notwithstanding, the Company may assign this
Agreement without the consent of the Employee to a subsidiary of the Company, to an entity that acquires
the Company, to an entity with which the Company merges or to an entity which is acquired by the Company.

ARTICLE 11: TRADE SECRETS:

a. General. Employee recognizes and acknowledges that Employee has had access to certain highly
sensitive, special, unique information of the Employer that is confidential or proprietary. Employee
hereby covenants and agrees that during Employee’s employment and following the termination
thereof, regardless of the reason for such termination or by whom, Employee will not use or disclose
any Confidential Information or Trade Secrets learned by Employee at any time during Employee’s
employment, except in connection with Employee’s duties as an employee of the Employer.
b. Definitions of “Trade Secret” and “Confidential Information”:
For purposes of this Agreement, the following definitions apply:
i. “Trade Secret” means the whole or any portion or phase of any scientific or technical information,
design, process, procedure, formula, pattern, compilation, program, device, method, technique or
improvement of the Employer, whether in written, electronic, oral or other form, that is valuable and
secret (in the sense that it is not generally known to competitors of the Employer).
ii. “Confidential Information” means any data or information of the Employer, whether in written,
electronic, oral or other form, other than Trade Secrets, that is not generally known by the public. To
the extent consistent with the foregoing definition, Confidential Information includes without
limitation: (A) pricing procedures and financing methods of the Employer, together with any
techniques utilized by the Employer in designing, developing, manufacturing, testing or marketing its
products or in performing services for Clients and accounts of the Employer; (B) Customer lists, the
special requirements of particular Customers, and the current and anticipated requirements of
Customers generally for the products or services of the Employer; (C) any contracts, designs, product
specifications, software programs, source codes or similar information of the Employer; (D) the
specifications of any new products or services under development by the Employer; (E) information
related to products under development or testing by the Employer or which the Employer at any
time is seeking to license or acquire for development or testing and (F) the business plans and
financial statements, reports and projections of the Employer. However, Confidential Information
does not include information that becomes part of the public domain other than as a result of
disclosure by Employee, or information that becomes available to Employee on a non- confidential
basis from a source other than Employer without a breach of any obligation of confidentiality owed
to Employer.
c. Inventions and Intellectual Property: Employee’s assignment with Employer and/or its Client
may require that Employee create, design, develop improve systems, data, software, improvements,
inventions, discoveries, innovations, systems, techniques, ideas, processes, programs, and any other

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 Ph: 080 40826800
(15 Lines)

# 565, Axis Pennmark Building, 2nd & 3rd Floor, 9th Cross,
Sarakki, J.P. Nagar 3rd Phase, Bangalore – 560078 Karnataka, INDIA. _______________________________

item which is made or conceived by Employee, whether alone or jointly, while employed by
Employer (and assigned to Client) or within six (6) months thereafter (the “New Developments”).
New Developments belong to Employer, or as determined by Employer and its obligations, by its
Client. Employee agrees to sign an agreement transferring any rights or interest at any time
requested as a condition of employment or continued employment. Employee agrees that while
employed and for six (6) months thereafter, Employee will fully and promptly disclose to Employer
and to the Client to whom it is assigned, as applicable, any and all New Developments. Employee
further agrees that all rights in any New Developments shall belong exclusively to the Employer
and/or its Client, as applicable, and that Employee will, at Employer’s or Client’s request, execute
any and all documents and take all lawful action necessary to insure Employer’s or its Client’s
ownership of such New Developments, including, without limitation, the assignment and transfer to
Employer and/or its Client, as applicable, of all rights, title and interest in and to such New
Developments. All work done for Employer’s Client by Employee, including, but not limited to,
work performed during normal business hours and after business hours, whether performed on
Employer’s or Client premises or elsewhere, shall be a work for hire. Employee represents and
warrants that Employee does not have any continuing obligation with respect to the assignment of
inventions or patents to any previous employer and owns or claims no previous unpatented
inventions.
d. Ownership; Return: Employee acknowledges that all Trade Secrets, Confidential Information, and
New Developments are the sole, exclusive and valuable property of the Employer and or its Client
and that Employee has and will acquire no right, title or interest therein. Any and all printed, typed,
written, electronic or other material or information that Employee may have or obtain with respect
to Trade Secrets, Confidential Information or New Developments (including without limitation all
copyrights therein) will be and remain the exclusive property of the Employer and/ or its Client,
Employee, upon his/her cessation of employment for any reason, will deliver any and all such
material (including any copies) promptly to the Employer.

ARTICLE 12: MISCELLANEOUS:

a. Amendments. The parties agree that this Agreement may be amended from time to time and any
provision hereof may be waived by the parties hereto.
b. Survival. The restrictive covenants in this Agreement and any other provision that by its terms
includes an obligation that extends past employment, survives the termination of this Agreement, a
breach, and/or the termination of Employee’s employment or assignment.
c. Notices. All notices and other communications pursuant to this Agreement will be in writing and
will be deemed to have been duly given or made if delivered personally. On Termination of this
agreement the Company may deduct from any sums than owing from it to you by way of salary or
otherwise any sums owing from you to it.
d. Governing Law. This agreement will be governed by and construed in accordance with the Laws of
India. Any claim, action, suit or other proceeding initiated by either party under or in connection
with this Agreement must be asserted in the exclusive jurisdiction of Courts of Bangalore, India.
e. Entire Agreement. This Agreement, together with any other documents and agreements entered
into in connection herewith and referred to herein, set forth the entire understanding among the
parties relating to the subject matter thereof, and supersede all prior agreements, arrangements,
understandings, negotiations, representations or discussions. This Agreement is not intended to
confer upon any person other than the parties hereto any rights or remedies hereunder as third-party
beneficiaries or otherwise. The “Company” mentioned in the agreement not only applies to V2Soft

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 Ph: 080 40826800
(15 Lines)

# 565, Axis Pennmark Building, 2nd & 3rd Floor, 9th Cross,
Sarakki, J.P. Nagar 3rd Phase, Bangalore – 560078 Karnataka, INDIA. _______________________________

Pvt. Ltd but also to V2Soft Inc and its related subsidiaries AND any other Company where V2Soft
or V2Soft officer(s) or owner(S) have interest. This includes but not limited to Employ me LLC,
Core edge Inc., Sqwirrel LLC, V2Soft Mexico, V2Soft Italy, Qwik Events and others.

ACKNOWLEDGEMENT:

By their signatures below, the parties acknowledge that (i) they have had sufficient opportunity to,
and have, carefully read each provision of this Agreement, (ii) they have had the opportunity to
review the Agreement with legal counsel of their own choice, (iii) they understand each provision,
(iv) they are not under any duress, (v) they are not relying upon any representations or promises that
are not set forth in this Agreement, and (vi) they are freely and voluntarily signing this Agreement
and intend to be bound by it as a solemn contractual undertaking. Further, the Employee agrees to
be bound by the Employee Handbook and other Policies of the Company as notified and applicable
from time to time.

Acknowledgement by:

_____________ _________________________
Archana Kunde Vukkadala Mallikarjuna Murthy
Head HR Employee
28th September 2018 28th September 2018

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 Ph: 080 40826800
(15 Lines)

# 565, Axis Pennmark Building, 2nd & 3rd Floor, 9th Cross,
Sarakki, J.P. Nagar 3rd Phase, Bangalore – 560078 Karnataka, INDIA. _______________________________

ANNEXURE A

SALARY STRUCTURE DETAILS

Further to your offer as Sr. Automation Test Engineer with our organization, the details of your salary
structure are given herewith. The salary is liable to deductions as per the Indian Income Tax Act.
COST TO COMPANY
Amount in Rupees
Particular Monthly Annual
Basic 44,000 528,000
Dearness Allowance 4,400 52,800
House rent Allowance 22,000 264,000
Conveyance 1,600 19,200
Medical Allowance/Reimbursment 1,250 15,000
Lunch Allowance 2,200 26,400
Leave Travel Allowance 4,000 48,000
Special Allowances 8,598 103,180
Statutory bonus 1,225 14,704
Sub Total 1 89,273 1,071,284
Variable Pay 100,000
Sub Total 2 89,273 1,171,284
Employer contribution to Provident Fund 1,800 21,600
Employer contribution to Medical Insurance 593 7,116
Sub Total 3 2,393 28,716
Total cost to Company Sub Total 1 & 2 91,666 1,200,000

NET TAKE HOME SALARY SUBJECT TO TDS IF ANY

Amount in Rs
Gross Salary-Sub Total 1 89,273
Deductions
Employees Contribution to Provident Fund 1,800
Professional Tax 200
Net Take Home 87,273

For V2Soft Pvt. Ltd.

Archana Kunde Vukkadala Mallikarjuna Murthy

Head HR

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 Ph: 080 40826800
(15 Lines)

# 565, Axis Pennmark Building, 2nd & 3rd Floor, 9th Cross,
Sarakki, J.P. Nagar 3rd Phase, Bangalore – 560078 Karnataka, INDIA. _______________________________

ANNEXURE B

Please get the below documents on the date of joining V2Soft

1 Offer Letter
2 Relieving letter from Current employer
3 3 passport size photos (White background)
4 Updated Resume
5 2 References
Photocopies & Originals
- Degree Certificate & Mark sheet
6 - Any Master certifications
IDENTITY PROOF: (Any Two of the following)
- Valid Passport Photocopy
- Driving License Photocopy
- Voter ID card photocopy
-Aadhar Card Photocopy ( Mandatory)
- Pan Card Photocopy
- Corporate Photo ID card
8 Proof of Date of Birth (10th class)
9 3 months’ Pay slips (sealed and signed from HR)
10 3 Months Bank statements
11 Provisional Form 16 or Tax computation sheet

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