March 02, 2023

RRF Number: 3315

Offer Serial No.: 2709
Sneha Singh
Flat 306, Energia Skyi Manas Lake,
Iris, Mulshi Khurd, Pune – 412 115

Offer Letter

Dear Sneha,

Congratulations!

We are delighted to inform you that your job application was successful, and we would like to extend to you an
offer for the position of ‘Associate’ in Band B2A with “Opus Solutions Private Limited”. Your Date of Joining will be
on or before March 13, 2023.

Opus Consulting Solutions is a global provider of outcome-driven payment strategies for the digital age. Backed by
25 years of experience in building highly innovative payment solutions, Opus is at the forefront of shaping the future
of payments technology and the FinTech landscape. We combine our deep technology proficiency with unmatched
domain expertise in payments and Fintech, to deliver unparalleled quality and value in everything that we do.

Opus’ vision is to simplify payments, we’re committed to building innovative solutions that push payments forward
in a way best suited to serve the shifting customer demands. We pride ourselves in striving to get our customers to
dream, defy conventional thoughts, apply their creativity, and exploit technology to the limits.

Our mission is to strive to be unlike any other partner in the payments market, focused on the highest levels of
quality, flexibility, and professionalism in offering services and solutions around payments and digital offerings.

Trust and respect are two of the elemental forces that we have built our teams on. This further cultivates a sense
of belonging where people feel safe working together.

At Opus, we are committed to creating a better tomorrow! Make a difference by being yourself and contribute to
Opus’ future. Work in an environment that encourages you to pursue your interests and nurtures and develops your
skills. Design cutting-edge technologies for some of the most exciting projects you can think of. Acquire the
resources you need to keep learning and growing so you can stay on top of your game while making a difference in
the world.

Join the Opus family and elevate your career to new heights!

Visit Opus Consulting Solutions to learn more about us.

Following are the Terms of Employment:

1. Compensation

I. Remuneration - your annual cost to company INR 6,50,000 details of which are provided in Annexure A of
this Agreement.
II. Please note that the details of the compensation payable to you are strictly confidential between you and
the Company and you shall not disclose these particulars to any other person.

2. Place of Work
I. Initially you will be posted at our office at Commerzone, 1st Floor, Building no.4, Survey no.144 and 145,
Samarth Ashoka Path, off Airport Road, Yerwada, Pune 411006, and Maharashtra, India. You have to
report at normal working hours of the Company from 9.30 am to 6.30 pm or at any such time as may be
required by your work profile. Any change in the working hours will be informed by the Company in
advance.
II. The Company may also depute you to any work or assign your services to any affiliates, associate company,
branch, office, joint venture, subsidiary or other companies, concerns, organizations, or firms with whom
the Company may make any such arrangement or agreement. You may also be required on a temporary
basis or for the time frame as may be required for your project, assignment or work assigned at any office
based in India or overseas.
III. After your initial posting or induction or on boarding process you may be instructed to work from home
permanently /temporarily / project based/time based as per the discretion and requirement of the
Management. In case you are instructed to work from home you may be required to report at Pune office
with prior notice.

3. Extent of Service
You are expected to devote your entire working time, energy, and attention exclusively to your duties in
connection with the Company, and shall not take up employment, full time or part time, in any other
organization while in employment with the Company. You may, after obtaining prior permission of the
Company and subject to such terms as may be specified whilst granting such permission:
• Deliver lectures,
• Participate in seminars and conferences,
• Author works for publication,
• Accept positions or offices (whether for profit or otherwise) in any trust, firm, society, club, company,
corporation or the like.

4. Conflict of Interest
You are advised to avoid conflicts of interest between you as an employee and the interest of the Company in
dealing with suppliers, customers and other individuals and organizations doing or seeking to do business with
the Company. If any potential conflict of interest does arise, you will promptly notify this to the management.
A few examples of potential conflicts of interest are:
• For you or any dependent member of your family to have an interest in any organization which
has business dealings with the Company, where there is an opportunity for preferential treatment
to be given or received, except where such an interest comprises of securities in widely held
companies which are quoted in an open market.
 • For you to use or release to a third party any data or decisions, plans, competitive bids or any other
information concerning the Company which might be prejudicial to the interest of the Company.
• For you or any dependent member of your family to accept commission, a share in profits, loans
(other than from established banking or financial institutions), services, excessive entertainment
and travel or gifts of more than nominal value from any individual or organization doing or seeking
to do business with the Company.
The Management as a matter of policy conducts random audits of the employees. As an employee of the
Company you shall be duty bound to assist the audit team conducting audit by allowing access to your
computer equipment, desktop, information stored on cloud or any other format, memory bank etc. and other
such medium. The audit team shall have access to all the communication received or shared or preferred by
you during the course of your employment including any work put in by you individually or collectively with
your colleagues.

5. Code of Conduct
The Code of Conduct policy outlines the standards of business behaviour that we expect all employees to live
by. It is important for you to fully understand the philosophy and the value system emphasized by the Code of
Conduct and assimilates and follow the same.

6. Trade Secrets and Confidential Business Information

You shall not, while employed by the Company, disclose or use for the benefit of yourself or any other person,
partnership, firm, corporation, association, or other legal entity, any of the trade secrets or confidential
business information of the Company. Trade secrets of the Company include, but are not limited to, any and
all management information, proprietary and technical information of the Company in the nature of computer
techniques, programs, services, systems,
Inventions, and the like employed by the Company and/or its affiliates in India or abroad in the development
and operation of its computer products and services.
Confidential business information of the Company includes any information other than trade secrets that is of
any value or significance to the Company and not generally known to competitors of the Company nor intended
by the Company for general dissemination, including but not limited to, policies, strategies, lists of the
Company’s current or potential customers, prospective leads or target accounts, the identity of various
suppliers of products or services, pricing schedules, computer programming needs of its customers,
information as to the profitability of specific accounts, and information about the Company itself and its
executives, officers, directors and employees.

7. Restrictive Covenants
You will at all times be attentive to the need to maintain the reputation of the Company and refrain from taking
any action or making any statement that could discredit the reputation of Company or its products or services.
During your employment with the Company you shall not, directly or indirectly, either as an individual on your
own account or as a partner, employee, consultant, advisor, agent, contractor, director, trustee, committee
member or office bearer own or operate in India or elsewhere a business offering computer software products
or services in competition with the business of the Company.
Within the one (1) year period immediately following your separation from the Company regardless of the
reason thereof, you shall not solicit, induce, aid or suggest to any of the employees, consultants to, or other
persons having a substantial contractual relation with the Company to leave such employ, cease counselling
or terminate such contractual relationship with Company.
8. Duty To Return Company Property
The Company properties and assets including, but not limited to, the Company products, customer
correspondence, internal memoranda, photocopies of products and designs, sales brochures, price lists,
customer lists, any customer information, sales literature, notebooks, computer training materials, textbooks,
and all other like information or products, including all copies, duplications, replications, and derivatives of
such information or products, acquired by you at any time during your employment and any residential
accommodation, automobile, furniture, fixtures, fittings and furnishings, communication equipment, two-
wheelers and all other items which may have been made available to you, shall remain the exclusive property
of the Company and shall be returned to the Company no later than the final date of your employment with
the Company. Until such time as all such property is returned as abovementioned, the Company shall be
entitled to withhold any legal dues such as salary, emoluments or other payments due to you then or in future
payable to you, and may further, at its discretion, deduct there from the full value of the said
property/properties calculated at its then replacement price. This is always without prejudice to the
Company’s rights in law to take such other legal action against you as is applicable to it as also to its right to
recover the full amount of the replacement price, if the dues then payable to you are not sufficient to cover
fully the said replacement price. The Company shall be entitled to recover from you and you shall be bound
and liable to make good to the Company any loss suffered by the Company on account of misuse of the
Company’s property by you and/or any damage occasioned to the Company’s property whilst in the custody
of or entrusted to you.

9. Inventions, Ideas, Processes and Designs

All inventions, ideas, processes, programs, codes, software and designs (including all improvements) (i)
conceived (whether or not actually conceived during regular business hours) or made by you during the course
of your employment with the Company, and (ii) other ideas, techniques or principles related to the business
of the Company, shall be “works for hire” and disclosed in writing promptly to the Company and shall be the
sole and exclusive property of the Company. You shall cooperate with the Company and its attorneys in the
preparation of patent, copyright and other applications for such developments and shall promptly assign all
such inventions, ideas, processes, and designs to the Company. The decision to file for patent or copyright
protection or to maintain such development as a trade secret shall be in the sole discretion of the Company,
and you shall be bound by such decision.

10. Termination of Employment

I. Your appointment with the Company is liable to be terminated by the Company, without any cause, by
giving you 90 day’s written notice or salary in lieu thereof, or
II. You may terminate your employment with the Company by giving to the Company 90 day’s written notice
or by payment of salary in lieu thereof. Provided that the option of payment of salary in lieu of Notice shall
only be at the sole and absolute discretion of the Company. The Company has discretion to forgo or reduce
the notice period and salary in lieu of notice taking into consideration mitigating circumstances.
You agree and undertake to work with the Company during the aforesaid term of notice. You further agree
that in case you fail to give the requisite notice, or do not perform your services during your notice period
and or remain absent from duty during any part of the notice period without approval of the Company,
the Company shall be entitled to make proportionate deductions from your salary or any other payments
due to you for such absence.
You further agree and understand that giving of prior written notice and completion of the notice period
is a material obligation of yours, inter alia to ensure smooth handover of your assignments/tasks to other
personnel of the Company and to avoid any undue interruption of business/activities of the Company.
Accordingly, if you terminate your employment in violation of this Clause 10 (b), you shall, in such a case,
be immediately obligated to pay to the Company, an amount equal to your gross salary for the notice
 period not served, as damages, in one lump sum payment. Provided that no provision of this Clause is
intended to curtail, reduce or otherwise affect adversely any other rights that the Company may have
against you in respect of unlawful termination by you or any other breach(s) under this Agreement or any
other policies or agreement with the Company.
III. If at any time, after due diligence in the opinion of the Company, which shall be final and binding, you are
found guilty of dishonesty, disobedience, disorderly behaviour, negligence, indiscipline,
commission/omission which may be prejudicial to the interest of the organization, absence from duty
without permission, or of any conduct unbecoming of the status or the post you hold in the Company, or
of any other conduct considered by the Company as detrimental to its interests or in violation of one or
more terms and conditions of your employment, or any Breach of this Agreement or policies of the
Company, or any other conduct known or construed as ‘Moral Turpitude’ the Company shall be entitled to
forthwith terminate your employment, without any notice, and salary in lieu of notice or compensation.
IV. If at any time during the course of your employment the Company finds that the credentials, information,
reference, salary details shared by you while securing employment with the Company your employment
shall stand terminated with immediate effect with liberty to the Company to initiate necessary legal
recourse.

11. Health Examination

Your employment offer is subject to you being declared medically fit. You will be required to be medically fit at
the time of joining employment or during the tenure of your employment. The company recommends health
checkup from healthcare partners or certification from a medical professional holding Degree of Medicine or of
relevant branch.

12. Retirement

Retirement age for all employees in general shall be 60 years.

13. Background Verification

The Company may conduct a background check verifying your education, previous employment, present
address and any other information as may be deemed reasonably necessary by the Company. Should such
background check prove unsatisfactory, or the facts have been misrepresented to seek employment, the
Company shall deem it to be a misconduct on your part and the Company shall have the right to terminate your
employment with immediate effect (and without any notice period). In some instances where it is mandated by
our client, you will be subject to undergo a drug test.
14. Offer Validity
Kindly confirm your acceptance of the above terms and conditions and the date of joining, by signing and
returning this offer letter by March 03, 2023. In case we do not receive your acceptance in writing by the date
mentioned here, this offer shall stand withdrawn automatically.

Varsha Singh
Varsha Singh (Mar 2, 2023 21:40 GMT+5.5)

Varsha Singh
Manager – Human Resources
Opus Solutions Private Limited

I, Sneha Singh, have read and understood the above terms and conditions governing my services and
employment with Opus Solutions Private Limited and the same are acceptable to me.

Place: Pune

Signature: Sneha singh (Mar 3, 2023 07:12 GMT+5.5)

Date: Mar 3, 2023

Enclosed:

Annexure A – Salary Break up

Annexure B – Other Benefit

 Annexure A

SALARY BREAK UP SHEET

Employee Name: Sneha Singh

Job Title: Associate
Band: B2A
(A) FIXED COMPONENTS Monthly Annual
Basic Salary 19,000 2,28,000
House Rent Allowance 9,500 1,14,000
Leave Travel Allowance 1,583 19,000
Supplementary Allowance 18,389 2,20,673
Statutory Bonus/Ex-gratia 2,500 30,000
Total Fixed Pay (TFP) 50,973 6,11,673
(B)Retirals
Gratuity 914 10,967
Employer's Contribution to PF 2,280 27,360
Cost to Company (CTC) 54,167 6,50,000

Note:
1. All amounts in Indian Rupees.
2. Monthly Salary is subject to deduction of Professional Tax, ESIC and Income Tax (as applicable)
3. The organization reserves the right to amend/alter the compensation structure.
4. All other terms & conditions remain unchanged.

Acceptance: I, Sneha Singh, have read and understood the above Compensation package relating to
my services and employment with the company and the same is acceptable to me.

Place: Pune

Signature: Sneha singh (Mar 3, 2023 07:12 GMT+5.5)

Date: Mar 3, 2023

 Annexure B

1. Insurance:

1.1. Health Insurance Policy: You shall be insured under Group Health Insurance Policy. The insurance covers
your family (Self + Spouse + 2 Children and Parents/In Laws) for a maximum sum of INR.500,000.

1.2. Personal Accident Policy: You shall be insured under Personal Accident Policy for a sum of 36 times of
monthly basic salary from the actual date of joining.

1.3. Term Policy: You shall be insured under group term policy for a sum of 10 times of CTC maximum
upto INR.50,00,000 from the actual date of joining.

2. Leave:

1.1. Annual (privilege or earned) leave: 13 days of Paid Leave during the calendar year i.e., January to
December.

1.2. Casual Leave: 08 days of Casual Leave during the calendar year i.e., January to December.

1.3. Other Holidays/Leave: (10) as per the list released by the company.

3. Provident Fund:

Contribution to Provident Fund is made as per Employees Provident Fund and Miscellaneous Provisions Act,
1952 as amended from time to time.

4. Gratuity:

In the event of termination of your employment with the Company, after the 5th (NEW CODE provides 1 year,
yet to be implemented) year of continuous service with the Company, you will be entitled to receive a gratuity
payment from the Company in accordance with the Payment of Gratuity Act, 1972 as amended from time to
time.

5. ESIC:

Only eligible employees are covered under Employees State Insurance Act 1948 as amended from time to time.
It is a multidimensional social security system tailored to provide socio-economic protection to employee
population and their dependents covered under the scheme besides full medical care for self and dependents.
This is health statutory benefit by law for the employees.

6. Statutory Bonus:

Statutory Bonus, if applicable, is paid as per ‘Payment of Bonus Act (1965)’ as amended from time to time.

7. Performance/Variable Bonus:

Bonus will be applicable as per company policy.

8. Food Coupons:

You shall be entitled to food coupons up to a maximum limit of INR.26,400 per annum.

9. Amendments.

Any amendments or modification of this Agreement shall not be binding unless made in writing and signed by
the Company through an authorized officer and yourself.

Varsha Singh
Varsha Singh (Mar 2, 2023 21:40 GMT+5.5)

Varsha Singh
Manager – Human Resources
Opus Solutions Private Limited

Acceptance: I, Sneha Singh, have read and understood the above Compensation package relating to my
services and employment with the company and the same is acceptable to me.

Place: Pune

Signature: Sneha singh (Mar 3, 2023 07:12 GMT+5.5)

Date: Mar 3, 2023

Opus - Offer Letter_Sneha Singh
Final Audit Report 2023-03-03

Created: 2023-03-02

By: Dipak Kumbhare ([email protected])

Status: Signed

Transaction ID: CBJCHBCAABAAROYrNnUz-wkkk2W_J8rM2PFWkQGFP4SN

"Opus - Offer Letter_Sneha Singh" History

Document created by Dipak Kumbhare ([email protected])
2023-03-02 - 9:56:23 AM GMT

Document emailed to [email protected] for signature

2023-03-02 - 9:58:29 AM GMT

Email viewed by [email protected]

2023-03-02 - 4:08:40 PM GMT

Signer [email protected] entered name at signing as Varsha Singh

2023-03-02 - 4:10:41 PM GMT

Document e-signed by Varsha Singh ([email protected])

Signature Date: 2023-03-02 - 4:10:43 PM GMT - Time Source: server

Document emailed to [email protected] for signature

2023-03-02 - 4:10:44 PM GMT

Email viewed by [email protected]

2023-03-02 - 4:15:54 PM GMT

Signer [email protected] entered name at signing as Sneha singh

2023-03-03 - 1:42:15 AM GMT

Document e-signed by Sneha singh ([email protected])

Signature Date: 2023-03-03 - 1:42:17 AM GMT - Time Source: server

Agreement completed.
2023-03-03 - 1:42:17 AM GMT