EMPLOYMENT CONTRACT

This contract entered into on the (Date)_______________________________________, between 1) M/s ______Name of the Company_____, a company incorporated under the Companies Act, 1 !" with its re#istered office at $yderabad represented by its Director / Mana#in# Director, Mr% _________, ($ereinafter referred to as &the company', which e(pression sha)) mean and inc)ude his heirs, e(ecutors, administrators and assi#nees), and *) Mr% _________(Name of the Mana#er)___, +/o ______(,athers Name)____, a#ed about ___(a#e)___, resident at ______(address)_____% ($ereinafter referred to as the &Mana#er' un)ess conte(t otherwise re-uires) . / C 0 T A 1 +2 3$/./A+, the company is en#a#ed in the business of Dea)in# in ____________4i5e the Nature of 6usiness___________, and such other items at 5arious p)aces )i7e ______4i5e the 8)aces of operations_____, etc% 3$/./A+, The company desires to emp)oy the Mana#er, pro5ided that in doin# so it can protect the customer )ists, 5endor )ists, trade secrets and other proprietary intan#ib)e assets of the Company% Therefore, in consideration of the mutua) promises, terms, co5enants, and conditions set forth herein and the performance of each, it is hereby a#reed as fo))ows2 A4.//M/NT 1% /mp)oyment% (a) The Company hereby emp)oys the Mana#er as 9+howroom Mana#er: of _________ showroom% As such, the Mana#er sha)) ha5e responsibi)ities, duties, and authority commensurate with such position and wi)) report to the &6oard of Directors of the Company% The Mana#er hereby accepts this emp)oyment upon the terms and conditions herein contained and a#rees to de5ote Mana#er's time, attention, and best efforts to promote and further the business of the Company% (b) The Mana#er sha)) faithfu))y adhere to, e(ecute, and fu)fi)) a)) po)icies, duties estab)ished by the Company as described in para#raph ; hereof% (c) Mana#er sha)) not, durin# the term of Mana#er's emp)oyment hereunder, be en#a#ed in any other business acti5ity pursued for #ain, profit, or other pecuniary

ad5anta#e if such acti5ity interferes with Mana#er's duties and responsibi)ities hereunder% $owe5er, fore#oin# )imitations sha)) not be construed as prohibitin# Mana#er from ma7in# persona) in5estments in such form or manner as wi)) neither re-uire Mana#er's ser5ices in the operation or affairs of the companies or enterprises in which such in5estments are made nor 5io)ate the terms of para#raph < hereof% (d) The mana#ers appointment is )iab)e for re=)ocation / transfer to anywhere in 0ndia under the same or#ani>ation or its branches on account of business wor7 e(i#encies% *% Compensation% ,or a)) ser5ices rendered by Mana#er, The company sha)) compensate Mana#er as fo))ows2 (a) Basic Salary. 6e#innin# on the date of the e(ecution hereof, the base sa)ary payab)e to Mana#er sha)) be _________ per month, payab)e on a re#u)ar basis in accordance with The company's standard payro)) procedures% ?n at )east an annua) basis, Mana#er's performance wi)) be re5iewed and increases to such basic sa)ary may be recommended if, in the discretion of the 6oard of Directors of the The company, any such increase is warranted% House Rent Allowance: The Mana#er sha)) be paid a $ouse .ent a))owance at the rate of <@A of the basic sa)ary% Conveyance Allowance: The Mana#er sha)) be paid a Con5eyance A))owance of .s% B@@/= per month Bonus: The Mana#er sha)) be paid bonus at the rate of ____ Commission: The Mana#er sha)) be paid commission at the rate of _A on sa)es / purchases% Perquisites, Benefits and Other Com ensation. Mana#er sha)) be entit)ed to recei5e additiona) benefits and compensation in such form and to such e(tent as specified be)ow2 (1) 8articipation in hea)th, hospita)i>ation, disabi)ity, denta) and other insurance 8)ans that the Company may ha5e in effect% (*) .eimbursement for a)) business tra5e) and other out=of=poc7et e(penses reasonab)y incurred by Mana#er in the performance of Mana#er's ser5ices pursuant to this A#reement% A)) reimbursab)e e(penses sha)) be appropriate)y documented in reasonab)e detai) by Mana#er upon submission of any re-uest for reimbursement, and in a format and manner consistent with the Company's e(pense reportin# po)icy% (;) (#) (*) wee7s of paid 5acation per year%

(b) (c) (d) (e) (f)

!a"es: The abo5e amounts payab)e to the Mana#er are subCect to the Ta( Deduction at +ource (TD+) pro5isions under the 0ncome ta( act, 1 B1 as app)icab)e from time to time%

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Terms and conditions and #enera) duties2 (a) (b) The Mana#er sha)) be inchar#e of the showroom and a)) other emp)oyees / staff sha)) report to him% The Mana#er sha)) be accountab)e for a)) the stoc7 comin# into, stored at and #oin# out of the showroom and sha)) maintain proper records as per the company's standard po)icies and sha)) produce the said records as and when demanded by the board of directors / auditors of the company% $e sha)) ta7e proper care and fo))ow the standard safety methods of the company for pre5ention of any dama#e to the stoc7s of The company% The Mana#er sha)) ensure apart from the company's stoc7s, on)y stoc7 of franchisees authori>ed by the board of directors by way of a board reso)ution, sha)) enter the showroom and be a))owed to be traded at the showroom% 0f it is found that the mana#er has a))owed any stoc7s to be traded in the showroom without a proper board reso)ution, he sha)) be )iab)e to account for the sa)es and pay to the company, the profits earned on the said stoc7s% $owe5er the company is not )iab)e for any )osses incurred on such sa)e% ,urther the company reser5es the ri#ht to confiscate any unso)d stoc7s which are intended to be traded without a proper board reso)ution% The Mana#er sha)) periodica))y 5erify the stoc7s put on disp)ay / stored in the showroom by the franchisees and ensure that on)y the #oods described in the board reso)ution are bein# traded% 0f the mana#er notices any discrepancy, he sha)) inform the board of directors immediate)y and imp)ement their instructions% #eneral $uties: Administerin# the day=to=day operations of the Company and performin# administrati5e functions necessary in the mana#ement of the showroom, inc)udin# the co))ection of re5enues, the payment of the CompanyDs e(penses, debts and ob)i#ations and the maintenance of appropriate computer ser5ices to perform such administrati5e functions /nforce discip)ine amon# the staff and ensure that the day to day operations are smooth)y conducted% ,urnish reports and information as may be re-uired by the board of directors from time to time% The Mana#er sha)) ensure no i))e#a) acti5ities are carried out at the showroom and brin# to the notice of the board of directors any such acti5ities noticed by him% The Mana#er sha)) ad5ice the company about any chan#es that mi#ht brin# in economy / efficiency / impro5ed mar#ins, etc%

(c) (d)

(e)

(f)

(#) (h) (i) (C)

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Non=Competition A#reement% (a) The Mana#er wi)) not, durin# the period of his / her emp)oyment by or with the Company, and for a period of si( (") months from the date of his / her resi#nation / termination for any reason whatsoe5er, direct)y or on beha)f of or in conCunction with any other person, persons, company, partnership, corporation or business of whate5er nature2 (i) en#a#e, as an officer, director, shareho)der, owner, partner, Coint 5enturer, or in a mana#eria) capacity, whether as an emp)oyee, independent contractor, consu)tant or ad5isor, or as a sa)es representati5e, in any business se))in# any products or ser5ices in direct competition with the Company or any of the Company's subsidiaries or di5isions, within 1@@ mi)es of the Company's principa) p)ace of business or the principa) p)ace of business of any of the Company's subsidiaries or di5isions% (ii) ca)) upon any person who is, at that time, within the Territory, an emp)oyee of the Company (inc)udin# its subsidiaries) in a mana#eria) capacity for the purpose or with the intent of enticin# such emp)oyee away from or out of the emp)oy of the Company (inc)udin# its subsidiaries), pro5ided that, after /mp)oyee has ceased emp)oyment hereunder, /mp)oyee sha)) be permitted to ca)) upon and hire any member of /mp)oyee's immediate fami)yE (iii) ca)) upon any person or entity which is, at that time, or which has been, within one (1) year prior to that time, a customer of' the Company (inc)udin# its subsidiaries) within the Territory for the purpose &of so)icitin# or se))in# products or ser5ices in direct competition with the Company within the TerritoryE (b) The Mana#er sha)) ma7e #ood the )osses if any incurred by the company by breach of any condition in para#raph <%

!%

Termination of Contract / .esi#nation of /mp)oyee% (a) The company has the ri#ht to terminate this contract by #i5in# a notice of 1 month to the Mana#er or by payin# the Mana#er an amount e-ua) to 1 month #ross sa)ary, in )ieu of the notice period% (b) 0f there are any breach of conditions in any part of this a#reement, The company can terminate the contract without #i5in# any notice period or sa)ary in )ieu of notice period, i%e%, with immediate effect% (c) The mana#er can resi#n from his emp)oyment by #i5in# 1 month notice or by payin# an amount e-ua) to 1 month #ross sa)ary% The mana#ers resi#nation is deemed to be accepted on)y after the company pro5ides the mana#er a re)ie5in# )etter% Ti)) that time he has to pro5ide the ser5ices as re-uired by the board of directors irrespecti5e of the fact that he has paid / a#reed to pay the amount in )ieu of notice period%

"% .eturn of Company 8roperty% A)) records, desi#ns, patents, business p)ans, financia) statements, manua)s, memoranda, )ists and other property de)i5ered to or compi)ed by /mp)oyee by or on beha)f of the Company or the representati5es, 5endors or customers thereof which pertain to the business of the Company sha)) be and remain the property of the Company and be subCect at a)) times to the discretion and contro) thereof% 1i7ewise, a)) correspondence, reports, records, charts, ad5ertisin# materia)s and other simi)ar data pertainin# to the business, acti5ities or future p)ans of the Company which is co))ected by /mp)oyee sha)) be de)i5ered prompt)y to the Company without re-uest by it upon termination of /mp)oyee's emp)oyment F% Trade +ecrets% /mp)oyee a#rees that /mp)oyee wi)) not, durin# or after the term of this A#reement with the Company and for si( (") months thereafter (un)ess terminated without cause) disc)ose the specific terms of the Company re)ationships or a#reements with its si#nificant 5endors or customers or any other si#nificant and materia) trade secret of the Company, whether in e(istence or proposed, to any person, firm, partnership, corporation or business for any reason or purpose whatsoe5er% hich was in e(istence as of the date of this A#reement% B% Arbitration2 0n the e5ent of any dispute, difference or -uestion arisin# out of or in respect of this a#reement or the commission of any breach of any terms thereof or of compensation payab)e thereof or in any manner whatsoe5er in connection with it, the same sha)) be referred to _____________ or such other person mutua))y acceptab)e to both the parties, for arbitration and the decision or award so #i5en sha)) be bindin# on the parties hereto% % Gurisdiction2 Any dispute arisin# out of or in conCunction with this Agreement sha)) be referred to the Courts in +tate of _______%

3itness2= 1% _____________________ ____________________________

+i#natures 1%

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