APPOINTMENT LETTER

Dear Akhil Saxena,

We are pleased to inform you that you have been appointed for the position of an
Intern at Banao. We are delighted to make you the following job offer based on
the terms and conditions mentioned below.

1. Designation Captain( Business

Development
Management) Intern
2. Date of Joining 06/10/2022
3. Location Remote
4. Duration 6 Months
5. Offer Details:
● Fixed pay per month Rs. 3000
 TERMS AND CONDITIONS

1. Interns have to dedicate 3-4 hours per day.

2. For an intern to be on fixed pay, total present days must be 25 and above.
3. Intern has to complete daily responsibilities/KPIs described by the mentor
during induction and training sessions. Consistent failure in completing daily
assigned tasks might be treated as on work leave for the day/all previous days.

4. To be eligible for the additional benefit for weekly star performer, an intern
must have:
a. At least 10 or highest number of scheduled calls.
5. To be eligible for the additional benefit of monthly star performer, an intern
must have:
a. At least 4 or highest number of lead closures.
6. An intern is expected to have a personal computer/laptop to work on.
7. If there is a consistent delay in milestones creation 10% time, the management
reserves the right to terminate the role without pay.
8. An intern has to complete an existing project for the internship to be
terminated even if the project is running at a delay, since the project delay is
usually caused by the slow work by the intern.

All entitlements given above are applicable after you have joined Banao. The
entitlements are subject to company policies / procedures / guidelines that may
be issued / modified from time to time.
This Offer of Appointment is valid for 2 days from the date of this email. You are
requested to confirm your acceptance by replying to our email with an
acknowledgement (YES, I, (NAME) accept the offer).

In case you fail to communicate your acceptance in writing within 5 days of the
date of this email, the Offer shall stand revoked.

By accepting this Offer of Appointment you are accepting all the Terms and
Conditions set forth herein and as attached to this Offer of Appointment in various
Annexures (Annexed herewith as Annexures 1A and 1B).

We are confident that you will be able to make a significant contribution to the
success of our organization. We welcome you on-board and look forward to
working with you.

Yours sincerely,

Saurabh Bassi

(Co-Founder / CEO, BANAO)

 ANNEXURE – 1A
TERMS AND CONDITIONS OF EMPLOYMENT

1. REPORTING / JOINING

Your Appointment shall be effective from your Date of Joining.

2. PROBATIONARY PERIOD

You will be on probation for a period of 1 (One) months from the date of your
joining. However, your probation period can be extended further at the sole
discretion of the Company; if your performance / conduct are found to be
unsatisfactory. You will continue to be on probation until confirmed in writing.

3. PLACE OF WORK

Your place of work will be as mentioned in the Offer of Appointment. However,

your services are transferable to any place within the country or abroad or to any
of the Banao’s associate/sister concern or its subsidiary, whether or as may be
established or acquired later on, at the sole discretion of the Company. In case you
are transferred to any other location, you will be governed by the terms and
conditions of service applicable to the new place of posting / assignment including
compensation, leave and holidays, working hours and other related policies.
However, if your Offer of Appointment is for internship and place of work in Work
From Home, you shall not be asked to transfer your services anywhere.

4. DATA PRIVACY

The Company requires that you shall observe Data Privacy as per Company's
regulations/ policy, regarding the processing and protection of any personal
information and/or data to which you may have access to in the course of your
duties, and shall report any infringement relating to the manner in which personal
information or other data is processed to the Company immediately. In the event
of any breach of the said undertaking, the Company shall be entitled to take such
action against you as per the Company Rules and/or applicable law.

5. NON DISCLOSURE

Unless authorized in writing by the Company, you shall not divulge, communicate
or pass on any “confidential” information in any form, related to any aspect of the
Company to anyone outside the Company.

You acknowledge that the Company owns trade secrets and confidential and
proprietary information that are very important to the success of the Company’s
business. In addition, the Company has confidential information and assets
belonging to other persons (whether individuals, firms, corporations or other
entities) that the Company is obligated to keep confidential.

The expression “Confidential Information” refers to all and / or any of the trade
secrets and confidential and proprietary information owned by or is in the custody
of the Company.

You agree that all Confidential Information is the exclusive property of the
Company and you will be responsible and will take steps necessary to protect the
Confidential Information. You agree that, during your employment and after your
employment ends, whatever the reason for such termination, you will not use,
reproduce, or disclose any of the confidential information, except in the normal
course of your job for the Company, or unless an authorized officer or the
Company gives you written permission in advance. You agree to return any
Confidential Information (and all copies) in your possession on cessation of your
employment with the Company.

6. PROFESSIONAL ETHICS

You shall not conduct yourself in any manner amounting to breach of confidence
reposed in you or inconsistent with the position of responsibility occupied by you.
Please deal with the Company’s money, material and documents with utmost
honesty, moral and professional ethics.

7. RESIGNATION / TERMINATION

You shall give a One Month prior notice to the Company before you can be
officially relieved from your work.

ANNEXURE – 1B

This is a summary of working hours, leave and holidays, retiral benefits as may be
applicable from time to time including some of the benefits & entitlements. These
are subject to change as per applicable laws and/or at Company’s discretion. In
case of any clarification please contact Human Resources at your location.

1. WORK TIMINGS AND LEAVES

This is a summary of working hours, leave and holidays including some of the
benefits & entitlements. Depending upon your work requirements, you will be
required to work 5-6 days a week.

For people in non leadership positions, you can work 5 days a week and people in
leadership (management or technical) roles, the work responsibility is 6 days a
week. There are no fixed work days. You can choose to work 5-6 days a week
sending Work Leave (WL) messages on your groups on the other 1-2 days.

The work timings depend upon your team and the nature of your work. Please
discuss that with your manager before you join. Mostly, the timings are flexible
and you will have to remain available during a pre-agreed upon time for update /
standup meetings.

2. WORK ETHICS AND RESPONSIBILITIES

It is required of you that you dedicate the hours required to finish the work within
the given deadlines. Being a growing startup, your timely delivery helps us stay
sharp with the competitors and the management doesn’t want to ask for updates
every day or the other. You will be given the flexibility of finishing the work within
the deadlines as per your convenience (as long as the deadlines are continuously
met). The amount of work that can be finished can be discussed freely between
you and your manager every sprint cycle.

3. PAYMENT MODE

Payment shall be made to your Bank Account through Online transfer. You are
required to submit your complete bank details on the intranet at the time of
joining, and keep it updated in case of any changes.