9th November 2022

Mr. Mohsin Amin

Dubai, UAE

APPOINTMENT LETTER

Dear Mr. Mohsin Amin,

We are pleased to appoint you as “Trader- Petrochemicals” FULL TIME DUBAI POSITION with effect from the date
of your reporting for duty on 19th December 2022 on the terms and conditions, as indicated below: -

1. JOINING TERM
You represent and warrant that:
You are not bound by or subject to any court order, agreement, arrangement or undertaking which in any way
restricts/prohibits you from entering into the employment or from performing your duties under the employment
or from performing your duties under the employment contract with our Company.

2. JOB TITLE AND DUTIES

As “Trader- Petrochemicals” your duties are as follows:
• Negotiate between the clients and suppliers, execution of trade deals with optimized margin from lead
generation stage, negotiation, logistics, closing the deal, deal confirmation, and monitoring the deliveries,
and assured on time payment collection.
• Manage profitable trading book/record via developing sound trading strategies and maintaining clear
positional management focus.
• Business development by adding new customers and/or broadening activities with existing customers
• Developing hedging methods to competitively price swaps and manage internal risk.
• Actively seeking trading opportunities with a keen eye for business development.
• Effective management of system exports and product optimization to extract the highest value for system
barrels.
• Network & relationship maintenance with internal & external parties, efficient communication skills.
• Understanding financial considerations of key suppliers and ensuring payments as per norms
• Manage Accounting, Purchase, Sales Coordination and Leads for Sales and all Statutory
• Other duties/tasks as and when assigned.

3. HOURS OF WORK
a. Your normal hours of work shall be 9:00 AM to 6:00 PM with week-off on Sunday. (Saturdays - 9:00am to
1:00 p.m.) Being at a managerial position, you may be on occasions required to serve additional hours
during the week and at weekend as may be necessary for you to carry out your duties. The company may
vary its normal working hours to meet its requirements on giving you reasonable notice.

Petrafos Energy DMCC Contact

Unit # 1805, Level # 18 E : [email protected]
Jumeirah Bay Tower X3 W : www.petrafos.com
T : +971 6 527 1722
JLT, P.O. Box: 338327
F : +971 6 567 0711 TRN # 100068356300003
Dubai, United Arab Emirates ISO Accredited Company
 b. You shall not be entitled to receive any additional renumeration for any such addition working hours due to
your managerial position.

4. PLACE OF WORK
a. Your normal place of work shall be in Dubai, UAE (Full Time Dubai Position) or such other
place within UAE as required by the company.
b. You may be required to travel on behalf of Company anywhere in the world or assigned to
another location as required by the company on reasonable notice.

5. PROBATION
a. You will be on the probation of six months from the date of your joining, and you are deemed
to be in probationary service until and unless your appointment is confirmed in writing.
b. After the expiry of your probationary period, it will be at the discretion of the Management
to extend your probation period or confirm your services
c. During your probation, your services are liable to be terminated at any time without notice
and without assigning any reason. After confirmation either may terminate the service by
giving three months’ notice to the other or salary in lieu of such notice.

6. RENUMERATION
a. As per attached Annexure A
b. Apart from the compensation as per the salary mentioned above, you are not eligible for any
other compensation in any form unless given in writing by the organization.
c. You will be paid monthly, in the first week of next month by transfer into your bank account.
d. Your salary will be reviewed by the Company from time to time. When reviewing salaries, the
Company may take into account whatever factors it reasonably considers appropriate which
will not necessarily be the same from year to year or as between employees. Any change is at
the absolute discretion of the Company and will not affect the other terms of your
employment.
e. Any payments due from you to the Company may be deducted from your salary and/or any
other money due to you from the company.

7. STATUTORY BENEFITS
You will be entitled to all statutory and other benefits in accordance with the provision of Law and
the rules and regulations of the Company applicable to employee of your cadre from time to time.

8. BONUS
The Company may grant you at its discretion a bonus. Such bonus is discretionary and subject to
the terms of the bonus plan, and it does not constitute a variable component of your salary. You
acknowledge that you have no right to receive such bonus.

Petrafos Energy DMCC Contact

Unit # 1805, Level # 18 E : [email protected]
Jumeirah Bay Tower X3 W : www.petrafos.com
T : +971 6 527 1722
JLT, P.O. Box: 338327
F : +971 6 567 0711 TRN # 100068356300003
Dubai, United Arab Emirates ISO Accredited Company
 9. EXPENSES
a. The Company will reimburse all reasonable expenses related to office work which are
incurred by you as per the company policies and which are supported by receipts in the
proper performance of your duties.

b. The repayment of expenses will be done within thirty days following the presentation of the
receipts. If you do not provide receipts within one month following the incurring of the
expenses, the Company has the right to refuse the repayment.

10. HOLIDAYS
In addition to the Public Holidays, you will be entitled to Privilege Leaves. Please refer to the
company’s Leave Policy as well as the annual holiday list.

11. ILLNESS AND MEDICAL REPORTS

a. Your appointment is subject to your being medically fit. In case you are found medically unfit
to continue with the job, you shall lose your lien on your job.
b. In accepting employment with the Company, it is assumed that you are able to attend work
punctually and perform your duties.
c. You are required to notify to your manager, over the phone or email, if you are unable to
work through illness or accident. On your return to work, you must furnish to your manager a
medical certificate issued and signed by a licensed doctor.

12. OTHER BUSINESS INTEREST

You will be a whole-time employee of the Company and shall not engage in any work or Business
or profession directly or indirectly either honorary or otherwise during the course of your
employment in our organization.

13. TRANSFER
Your services are liable to be transferred/deputed to any of the Company’s operations/sister
concerns/any department at any place in UAE, whether in existence or not, at the time of this
agreement, at the sole discretion of the Management. However, such transfer will not entail any
increase in your and/or adversely affect your emoluments.

14. SEPERATION
a. In the event of separation from the service, either voluntary or involuntary, either during
probation period or thereafter, you be at any position shall properly hand over all
responsibilities, records, intellectual properties, files, company assets, etc to the person/s
nominated by the Management physically in person to the full satisfaction of the receiving
person and the Management.
b. Your full & final settlement would be made only upon producing “Clearance Certificate” from
the concerns and/or upon submission of the “No Object Certificate” from the concerns.
c. Failing to comply with this responsibility of the proper handing over shall be considered as a
criminal breach of trust and can lead to suitable or legal recourse.

15. TERMINATION

Petrafos Energy DMCC Contact

Unit # 1805, Level # 18 E : [email protected]
Jumeirah Bay Tower X3 W : www.petrafos.com
T : +971 6 527 1722
JLT, P.O. Box: 338327
F : +971 6 567 0711 TRN # 100068356300003
Dubai, United Arab Emirates ISO Accredited Company
 a. Performance: Your appointment and subsequent continuation of employment with the
Company is strictly based your achieving the agreed performance parameters and business
targets, consistently.

b. Absenteeism/Absconding: Absence/Absconding for a continuous period of 7 days (including

absence when on leave though applied for, but not granted) and when overstayed for a
period of 7 consecutive days would make you lose your lien on the service. The services shall
come to an end without any notice or intimation and in that event, you will be liable to pay
one month’s salary in lieu of one month’s notice.

c. Leaves: Request for leave will be evaluated and approved / disapproved by Line Manager /
person you are reporting to. Repeated leaves is not encouraged.

d. Notice Period: Notwithstanding anything contained herein, the Company, in it’s sole
discretion, may terminate your employment without cause by giving one month notice in
writing or payment of one month gross salary, in lieu thereof. Likewise, you may resign from
employment without cause by giving one month notice in writing or payment of one-month
gross salary, in lieu thereof. In the event of your resignation, the Company in its sole
discretion will have an option to accept the same and relieve you prior to the completion of
the stipulated notice period of one month by paying for one month notice salary in full & final
settlement.
e. Termination for Misconduct: Your services are liable to be terminated without any notice or
salary in lieu thereof for misconduct, without being exhaustive and without prejudice to the
general meaning of the term “misconduct” in the case of reasonable suspicion of misconduct,
disloyalty and commission of an act involving moral turpitude, any action of indiscipline of
inefficiency. You may be placed under suspension pending salary enquiry into the charges of
misconduct or otherwise. The salary for the suspension will be paid to you only when you are
found not guilty of any of the charges for which you were suspended and not otherwise.
f. Harassment: The Establishment considers harassment and discrimination of any nature to be
an unacceptable form of behaviour, which is not tolerated under any circumstances. All people
have the right to work in an environment that is free from harassment and discrimination,
against a fellow employee that may result in termination of employment.

The employment may be terminated by you or the Company by a registered letter or a letter
remitted in person. The notice period takes effect the day of the month following the date of
receipt of the termination notice. The notice period is 30 days (as per our company’s policy)

The Company reserves the right at any time during your notice period to require you to remain
away from its premises to work from home to carry out special projects outside the normal
scope of your duties not to carry out some of your normal duties and/or not to carry out any
of your normal duties. The Company may appoint another person to carry out any of your
duties at such times. If the Company exercises this right, you will receive your fully salary and
you must:

i. Continue to comply with your implied duties, including those of good faith and
fidelity; an

Petrafos Energy DMCC Contact

Unit # 1805, Level # 18 E : [email protected]
Jumeirah Bay Tower X3 W : www.petrafos.com
T : +971 6 527 1722
JLT, P.O. Box: 338327
F : +971 6 567 0711 TRN # 100068356300003
Dubai, United Arab Emirates ISO Accredited Company
 ii. Continue to comply with your express duties, except those from which you are
explicitly released by the Company.

16. REQUIRMENTS AFTER TERMINATION

Upon Termination of your employment, you shall:
a. Return during normal working hours to the Company or as it may direct all original or copy
materials, all records, documents, books, papers, accounts, credit cards, equipment and
other property relating to the business of the Company, or its clients or customers; and
b. Continue to comply with the provisions of the Employment Contract including, not by way of
limitation, Clauses 14 which is expressed to apply following or notwithstanding termination
of your employment.

17. RETIREMENT
You will retire from the services of the Company at the end of the month in which you attain the
age of 60 years. For determining your age, the documents furnished by you at the time of joining
our Organization, duly scrutinized, and arrived by us shall be final.

18. CONFIDENTIAL INFORMATION

a. You shall keep confidential all the information and material provided to you by the Company
or by its clients concerning their affairs, in order to enable the Company to perform the
service.
b. You shall maintain absolute secrecy with regards to the Company’s business operation during
the course of your employment in the Company and thereafter. During your service in our
company,
c. You will/ may be exposed to various records, processes, financial details, specialty product
details, practices and methods, customers, suppliers, pricing or pricing strategy, products,
intellectual property, development plans of products, marketing strategies, Company licenses
and other technical/financial/administrative planning subjects of confidentiality belonging
only to this company. You shall assure by signing the copy of this letter that you shall not pass
or divulge the above information to any other individual or organization during your service
of thereafter
d. You are also expected to keep your salary package strictly confidential and not to share any
information regarding the salary to anyone except your very close family members.

e. Non-disclosure: You shall neither divulge nor give out information to any unauthorized
person during the period of your service or even afterwards by word or mouth or otherwise,
particulars or details or our manufacturing process, technical know-how, security
arrangements, administrative and/or organizational matters of a confidential/secret nature,
which you may know by virtue or your being the employee of the Company.

Petrafos Energy DMCC Contact

Unit # 1805, Level # 18 E : [email protected]
Jumeirah Bay Tower X3 W : www.petrafos.com
T : +971 6 527 1722
JLT, P.O. Box: 338327
F : +971 6 567 0711 TRN # 100068356300003
Dubai, United Arab Emirates ISO Accredited Company
 19. DATA PROTECTION
a. The Company will hold computer records and personnel files relating to you. These will
include personal details, references, bank details performance appraisals, holiday and
sickness records, salary reviews and renumeration details and other records (which may,
where necessary, include sensitive data relating to your health). The Company requires such
personal data for personnel administration and management purposes.
b. You hereby agree that the Company may process personal data relating to you for personnel
administration and management purposes, and may, where necessary for those purposes,
make such data available to its advisers, to authorized employees and to the external third
parties providing products and/or services to the Company, and as required by law.

20. MONITORING
The Company carries out monitoring of its premises for security purposes and reserves the right in
certain situations to monitor the usage of its IT and communication facilities.

21. PROPRIETY RIGHTS

You will disclose to us forthwith any discovery, invention, process or improvement made or
discovered by you while in our service, and such discovery, invention process or improvement shall
belong absolutely to and be the sole and absolute property of the Company. If and when required
to do so by the Company, you shall at the Company’s expenses, take our or apply for letter’s

patent, Licenses or other rights, privileges or protection as my be directed by the Company in

respect of any such discovery, invention, process or improvement so that the benefit thereof shall
accrue to us and you will execute and do all instruments, acts deeds and things, which may be
required by us for assigning transferring or otherwise vesting the same and all the benefits arising
in respect thereof in favour of the Company or in favour of such other persons, firms or companies,
as the company may direct as the sole beneficiary thereof.

22. SAFE-KEEPING OF COMPANY’S PROPERTY

You will be responsible to the safe keeping and return in good condition and order of all the
properties of the company, which may be in your use, custody, care of charge. For the loss of any
Property of the Company in your possession, the company will have the right to assess on its own
basis and recover the damages of all such materials from you and take such other action as it deems
proper in the event of your failure to account for such material or property to its satisfaction.

23. RETURN OF COMPANY’S PROPERTY AND RECORDS

Upon termination of your employment, you shall forthwith hand over any letter of Authority or
Power of Attorney issued to you and any employment/material of the company in your possession
at the time of cessation of your employment with the company. Also, you shall return to the
company, without condition, all documents, files, records, keys and other property of the company
in your possession regardless of the media on which such items are stored, and you shall not retain
any copies or duplicates thereof.

Petrafos Energy DMCC Contact

Unit # 1805, Level # 18 E : [email protected]
Jumeirah Bay Tower X3 W : www.petrafos.com
T : +971 6 527 1722
JLT, P.O. Box: 338327
F : +971 6 567 0711 TRN # 100068356300003
Dubai, United Arab Emirates ISO Accredited Company
 24. AUTHORIZATION OF ACTIVITIES
You will not enter into any commitments or dealings on behalf of the Company for which you have
no express authority nor alter or be a party to any alteration if any principle of policy of the
company or exceed the authority or discretion vested in you without the previous sanction of the
company or those in authority over you.
You will avoid any issue which may result in a conflict between your personal interest and the
interests of the company in dealing with suppliers, customers and all the other organisations of
individuals doing or seeking to do business with the company.

25. DISCRIMINATION AND DIGNITY AT WORK

You must treat all fellow employees with whom you have contact in connection with your work
with respect and on their merits irrespective of their sex, marital status, sexuality, religion, color,
race, ethnic or national origin or any disability which they may have. Sexual, racial and disability-

related harassment and bullying is likely to be considered gross misconduct for which you may be
dismissed.

26. COMPANY POLICIES

a. Rules Regulations and Policy Ethics: You will be covered by the services rules and regulations
including conduct, discipline and administrative orders and any such other rules or orders of
the company that may come from in force time to time. You must observe the policies that
the Company and our client publish from time to time. These include a requirement that you
maintain the highest standards of conduct and act with highest ethical principles. You must
not do anything that may be a conflict of interest with your responsibilities as an employee.

b. Media Interaction:
• India or overseas, during or outside work hours, either in your own personal capacity or
on behalf of the company unless you have express and direct approval from the
Management to interact with the media as the representative of the Company. Only
persons duly authorized by the management are allowed to interact with media on
specified subjects. Disclosure of any information other than statutory disclosures or
those specifically authorized by the Management is prohibited.
• Disclosure of information on proceeding of meeting (Board/Committee/Internal) and
disclosure of forwarded-looking statements is prohibited unless such disclosure is
specifically approved by the Management. These will need to be combined with
cautionary statements, wherever required.
• You shall not disclose non-public information selectively to any particular group as it may
lead to unfair advantage/discrimination.
• Any violation of the company’s media policy, tantamount to breach of the terms and
conditions of employment and may result in termination of the contract.

c. Dispute Jurisdiction: is hereby expressly agreed and declared that this letter of employment
shall be deemed to have been made in Mumbai, India and that any dispute or suit or action

Petrafos Energy DMCC Contact

Unit # 1805, Level # 18 E : [email protected]
Jumeirah Bay Tower X3 W : www.petrafos.com
T : +971 6 527 1722
JLT, P.O. Box: 338327
F : +971 6 567 0711 TRN # 100068356300003
Dubai, United Arab Emirates ISO Accredited Company
 of proceedings whatsoever arising out of or under this letter of appointment or breach
thereof or in respect of any matter or thing herein contained and any claim by either party
against the other shall be instituted or adjudicated upon or decided by the court of
competent jurisdiction at Mumbai, India.

d. Travel: You shall make your own transport arrangement to and from the place of work.

e. Entire Agreement: This contract and the document referred to herein contain the entire
agreement and understanding of the parties with respect to the subject matter thereof and
shall supersede any and all prior or contemporaneous communications,
representations/agreements between the parties, whether oral/written, regarding the
subject matter of this contract.

f. Code of Conduct: Your employment is governed by the Employee Code of Conduct agreed
and signed by you. Various rules and policies exist for the effective and safe operation of the
Company’s business and the welfare and interest of the Company’s employees, and you must
comply with them.

Your acceptance of the above-mentioned terms and conditions may be indicated by duly
signing the duplicate copy of this letter and returning the same to us.
We extend a warm welcome and look forward to your contribution to the growth &
profitability of Petrafos Energy Private Limited.

For Petrafos Energy Pvt Ltd.

Authorized Signatory

I confirm that this contract is in accordance with our mutual understanding and unconditionally
and irrevocably accept all the above terms and conditions of employment.

Candidate Signature: _______________________________________

Petrafos Energy DMCC Contact

Unit # 1805, Level # 18 E : [email protected]
Jumeirah Bay Tower X3 W : www.petrafos.com
T : +971 6 527 1722
JLT, P.O. Box: 338327
F : +971 6 567 0711 TRN # 100068356300003
Dubai, United Arab Emirates ISO Accredited Company
 ANNEXURE- A
Name : Mohsin Amin
Designation : Trader- Petrochemicals
Department : Trading
Location : Dubai, UAE
Components Details Monthly

Basic Salary 6,600

House Rent Allowance 2,200

Transportation 2,200

Medical Allowance As per Company Policy

Total Gross Salary AED 11,000

For Petrafos Energy Pvt Ltd.

Authorized
Signatory

I confirm that this contract is in accordance with our mutual understanding and unconditionally and irrevocably accept all the above
terms and conditions of employment.

Candidate Signature: _______________________________________

Petrafos Energy DMCC Contact

Unit # 1805, Level # 18 E : [email protected]
Jumeirah Bay Tower X3 W : www.petrafos.com
T : +971 6 527 1722
JLT, P.O. Box: 338327
F : +971 6 567 0711 TRN # 100068356300003
Dubai, United Arab Emirates ISO Accredited Company