SERVICE AGREEMENT

This agreement (“Service Agreement”) is made at Gurgaon on this month of 31st Dec-2018

BY AND BETWEEN

PERFETTI VAN MELLE INDIA PRIVATE LIMITED, a company incorporated under the laws of India,
having CIN U51909HR1992PTC036116 and having its registered office at 47th Milestone, Delhi Jaipur Highway,
Village - Manesar, Gurgaon 122050 and its corporate office at 1st Floor, Tower A, Global Business Park, MG Road,
Gurgaon - 122002 (hereinafter referred to as “PVM India”, which expression, unless repugnant to the context or
meaning thereof, shall be deemed to mean and include its successors-in-interest and assigns) of the FIRST PART.

AND
Ashish Kaushik, carrying on the business in the name and style of V-Aspire Ind. under the laws of India, having its office at
M-18 Ist Floor Old DLF Colony Sector-14 Gurgaon Haryana and having PAN ASBPK8591K (hereinafter referred to as "
Vendor” which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include [■]
and his/her legal representatives, administrators, heirs, executors, successors and permitted assigns) of the Second Part

Hereinafter, PVM India and Vendor may be referred to individually as a “Party” and collectively as the “Parties”
wherever the context requires.

WHEREAS

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A. The Vendor is in the business of Manpower Services

B. The Vendor has represented to PVM India that it has all the necessary infrastructure, financial and other
resources to carry out the services.

C. Based on the aforesaid representations, PVM India has agreed to engage the Vendor for the services specified
herein below and the Vendor has agreed to undertake the above on the terms and conditions contained in this
Agreement.

NOW, PARTIES AGREE AS FOLLOWS:

1. TERM:
1.1 The Agreement commences on the Commencement Date i.e. 01/01/2019 and, unless extended or
terminated earlier in the manner set out in this Agreement, will continue for a period of Eleven (11) months
(Initial Term).

1.2 PVM India may at its discretion, renew/extend this Agreement for such period as it may think fit through
an instrument in writing signed by both Parties.

1.3 If the Agreement is renewed for an extended term, with the exception of the commercials which may be the
subject of further negotiation between the Parties, the terms and conditions of this Agreement apply to any
extended term.

2. SERVICES:
2.1 The Vendor shall, during the term of this Agreement or extension(s) thereof, carry out the services detailed
in Annexure A and Annexure B and is subject to amendments or modifications at the instance of PVM
India from time to time.
2.2 The Vendor agrees to carry out the services using all reasonable skill and diligence in accordance with best
practices and by due compliance of all applicable laws and the requirements of PVM India mentioned
herein.

3. FEES/CHARGES:
3.1 PVM India shall pay to the Vendor the charges/fees as detailed in Annexure B for the services rendered by
the Vendor.
3.2 The Vendor must provide PVM India with a valid invoice as per the payment schedule agreed herein.
3.3 PVM India will pay the Vendor within thirty (30) days from the date it receives a valid invoice.
3.4 PVM India will notify the Vendor if there is an error in the invoice, or if it disputes some of the charges.
Notwithstanding this, PVM India may withhold payment of any disputed portion of the invoice pending
resolution of the dispute.
3.5 PVM India is entitled to set off any amount the Vendor owes PVM India under this Agreement against any
amount that PVM India owes the Vendor under it.
3.6 Notwithstanding anything contained above, PVM India may, at its discretion, at any time during this
Agreement, conduct review exercises to compare the commercials the Vendor has been charging, with
other vendors. The Vendor must provide PVM India with all reasonable assistance with regard to the
benchmarking exercise. Where the review demonstrates that the Vendor’s commercials under this
Agreement are not competitive, Parties will agree to vary the prices to reflect a competitive position.
3.7 Goods and Services Tax (GST) (if any) on the invoices raised by Vendor shall be additional and borne by
PVM India as claimed in the original invoice. If Vendor fails to mention the GST and other taxes in the
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 original invoice, PVM India shall pay the applicable GST to the relevant authority as per reverse charge
mechanism, if required. Vendor should furnish correct details in its GST returns mentioning PVM India
related transaction details so that there is no loss of input credit in GST to PVM India. In case Vendor fails
to enter the details in its GST return, PVM India has the right to keep the payment on hold till the time the
details are correctly depicted in the GST return basis which PVM India will be entitled to take the credit.
The invoice amount shall be subject to tax deduction at source as applicable from time to time.
3.8 The responsibility lies with Vendor to provide all the applicable information, taxes and duties in its invoice
as per GST law. Any liability attributable to the omission of information or taxes required by law to be
stated by Vendor in its invoice shall be that of Vendor and all costs, charges and expenses relating to any
dispute in connection therewith shall by borne by Vendor. If any claim(s) with respect to the GST and/or
any other applicable tax(es) on the considerations are raised by Vendor other than the claim made in the
original Monthly Rental invoice, it shall be a delayed claim and both the Parties acknowledge and agree
that PVM India shall not be liable to pay/ reimburse/ make good any such delayed claim.

4. REPRESENTATIONS AND WARRANTIES

The Vendor re-iterates the representations and warranties contained above, and further represents warrants
and covenants that:
a. The Vendor is duly organized and existing under the laws of India and has the power and authority
to carry on its business;
b. All corporate and other action, necessary for the due authorization, execution and delivery of this
Agreement, and performance of the obligations hereunder, and the documents to be executed in
pursuance hereof, has/have been duly taken and adopted by the Vendor and is/are in full force and
effect;
c. The execution and delivery of this Agreement and performance of its obligations does not and will
not (i) contravene any applicable law, or any judgment or decree to which the Vendor assets,
businesses and/or undertakings is subject, (ii) conflict with or result in any breach of, any of the
terms of any existing agreement or contract binding to which the Vendor is a party or subject;
d. The Services shall be executed, and provided to PVM India by the Vendor, in a professional
manner;

5. COMPLIANCE WITH LAWS

5.1 The Vendor shall comply with all the laws, rules, regulations as may be applicable to the Vendor including
but not limited to the provisions of the Factories Act, 1948, The Contract Labour (Regulation and
Abolition) Act, 1970, The Child Labour (Prohibition and Regulation) Act,1986,The Employees’ Provident
Fund and Miscellaneous Act, 1962, Employees’ State Insurance Act, 1948,The Minimum Wages Act,
1948, Payment of Wages Act, 1936, Payment of Bonus Act, 1965, Environment Laws, sales tax, GST and
other applicable taxes and all the central, state and local laws, rules, regulations notifications etc. and their
amendments made from time to time, for performing its obligations under this Agreement.
5.2 The Vendor shall obtain and keep valid during the term of this Agreement all the necessary licenses,
permissions, sanctions, and approval(s) etc. under applicable laws from the appropriate authorities for
performing its obligations under this Agreement at its own cost and expenses.
5.3 Any violation and/or non-compliance and its consequences shall be the sole responsibility of the Vendor.
The Vendor agrees to keep PVM India harmless and indemnified in this regard.

6. INSPECTION/AUDIT:

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 6.1 The Vendor agrees that PVM India may at its discretion, have the right to inspect, audit and obtain copies
of records maintained for compliances, statutory or otherwise, and any other record required to be
maintained under this Agreement, through its authorized representatives or other persons, at any time
during regular business hours.
6.2 The Vendor shall provide full co-operation to PVM India and its representatives at all times during the
inspection/audit exercise.
6.3In the event of the Vendor failing to furnish such records or in the event of inspection and verification of
the records by PVM India reflecting some unexplained and unjustified discrepancy or shortcoming(s) or
default or negligence by the Vendor, PVM India shall be entitled to call upon the Vendor to rectify the
defects/discrepancies at the cost/risk of the Vendor.

7. TERMINATION:
7.1 PVM India may terminate this Agreement without cause with 30 days’ written notice to the Vendor.

7.2 PVM India may terminate this Agreement immediately with written notice to the Vendor if:
(a) the Vendor being in the opinion of PVM India (whose opinion shall be final) incapable of
performing or carrying out this agreement and the duties hereunder and/or complying with this
Agreement;
(b) the Vendor commits a breach of any of its obligations under this Agreement, and such breach is not
remedied (if capable of remedy) within seven (7) days of notice in writing from PVM India
requiring that such breach be remedied;

(c) for any reason the Vendor is no longer able to perform its obligations under this Agreement;

(d) the Vendor becomes insolvent or goes into administration, receivership or liquidation or enters into
any arrangement or composition with its creditors or any action is taken for the appointment of an
administrator or official manager or receiver of the assets of the Vendor;

(e) the Vendor ceases or threatens to cease carrying on business;

(f) on mutual agreement.

7.3 the Vendor may terminate this Agreement immediately on written notice to PVM India if:

(a) PVM India fails to pay or dispute any invoice in accordance with clause … and fails to remedy
such breach within thirty (30) days of a notice from the the Vendor describing breach and requiring
PVM India to remedy the same.

7.4 Termination of this Agreement is without prejudice to any accrued rights of either party as at the date of
termination. In the event this Agreement is terminated consequent to the non-compliance of the
provisions of this Agreement, no further liabilities or obligations shall accrue to the Vendor except for
any Fee legally due and owing at the time of such termination, for the Services rendered under this
Agreement prior to such termination.

7.5 Upon termination of this Agreement for any reason whatsoever, the Vendor must immediately return all of
PVM India’s property.

8. LOSS OR DAMAGE TO PROPERTY/PERSON

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 The Vendor shall compensate for any loss and/or damage caused to PVM India as a consequence of
non-compliance of all or any of the terms of this agreement or for the misconduct or negligence of all or
any of its employees, representatives including any of the Vendor’s -Employee. In the event of a claim for
loss or damages being made to PVM India, without prejudice to any of its rights, PVM India shall be
entitled to adjust amounts claimed, against the future or outstanding payments due to the Vendor.

9. CONFIDENTIALITY OBLIGATION:
The Vendor agrees that it shall a) not use any such Information except for the purpose of this Agreement;
b) hold the Information in confidence and shall take all reasonable precautions to protect such Information
from unauthorized disclosure including all precautions that it employs to protect its own confidential
material; c) not divulge any such Information to any third party without prior approval of the PVM India.

10. INDEMNIFICATION:

The Vendor agrees to indemnify and shall accordingly hold PVM India and its shareholders, directors,
officers, employees and agents (each an “Indemnified Person”), harmless and indemnified at all times
hereafter, from any loss, exposure, outgoings, claim, prejudice, damage, costs, taxes, duties, penalties,
interest thereon or expenses of any kind, including reasonable attorney’s fees and legal costs to which PVM
India may be subjected:

a) On account of and/or by reason of breach by the Vendor of its obligations under this Agreement and/or
representations and warranties made by the Vendor under this Agreement being incomplete, incorrect or
misleading; and/or

b) On account of and/or by reason of any contravention and/or non-compliance on the part of the Vendor with
any laws, regulations including but not restricted to compliance with employee benefits and welfare related
laws, labor and other laws etc. as may be applicable from time to time; and/or

c) On account of and/or by reason of any other cause as setout elsewhere in this Agreement.

11. NON EXCLUSIVE ARRANGEMENT

This Agreement does not confer any exclusivity of arrangement between PVM India and the Vendor , nor
does PVM India commit to or guarantee any volume or quantum of availment of Services or any amount
hereunder, and there is also no obligation of PVM India to avail of services similar or ancillary to the
Services from the Vendor . Accordingly, PVM India may avail of such and other services from vendors
other than the Vendor as it deems fit in regard to subject matter hereof at any time it wishes to.

12. PRINCIPAL TO PRINCIPAL BASIS:

This Agreement is a ‘Contract for Service’ and is on Principal to Principal basis. Nothing contained in this
Agreement, whether expressly or impliedly shall be deemed to create any partnership, joint venture, direct
or indirect employment, principal and agent relationship and/or master and servant relationship between the
Parties and/or any of their respective employees, for any purpose whatsoever.

13. SUB-CONTRACTING & ASSIGNMENT

The Vendor shall not sub-contract or assign or transfer any rights or obligations arising out of this
Agreement without the prior written consent of PVM India. However, PVM India shall be at liberty to
assign or transfer any rights or obligations arising out of this Agreement under intimation to the Vendor.

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14. SURVIVAL
The indemnification and confidentiality obligations and other clause(s) which is/are intended to survive the
expiry of this Agreement, shall survive.

15. WAIVER
A Party’s failure to exercise or delay in exercising a right or power does not operate as a waiver of that
right or power and does not preclude the future exercise of that right or power. No failure or delay in
enforcing any right will be deemed a waiver unless made in writing and signed by a duly authorized
representative of such Party.

16. SEVERABILTY
In the event any one or more of the provisions of this Agreement shall, for any reason, be held to be
invalid, illegal or unenforceable, the remaining provisions of this Agreement shall be unaffected, and the
invalid, illegal or unenforceable provision(s) shall be replaced by mutually acceptable provision(s), which
being valid, legal and enforceable, come(s) closest to the intention of the Parties underlying the provision(s)
held to be invalid, illegal or unenforceable.

17. CODE OF CONDUCT

PVM India believes in conducting its business as per principles spelt out in PVM India’s Code of Conduct,
available at its website www.perfettivanmelle.com or group website www. perfettivanmelle.it. Vendor
undertakes to abide by the same at all times and in case Vendor notices any violation/attempted violation, it
is expected to report the same to the ‘Compliance Office’ mentioned in the said code which may attract
disciplinary measure as stated therein. Vendor expressly states:
a. To be aware of the provisions set forth in Perfetti Van Melle Group’s Code of Conduct adopted by
PVM India and available at www. perfettivanmelle.com.
b. To act and behave in accordance with the law governing this Agreement and with the principles
conveyed in the above document.

c. The Vendor expressly acknowledges that any breach of the aforementioned commitments shall be
construed as serious failure to meet obligations and will entail full responsibility for all damages, costs
and expenses incurred by PVM India as a consequence of said infringement.

d. In the event of non-compliance of this clause by Vendor, the Agreement may be terminated by PVM
India without observing any period of notice.

The termination referred to above, where made by PVM India, shall also have effect to terminate any other
agreement, contract, commitment or arrangement, however named, in force between the Parties or their
controlled, controlling or affiliated companies.

18. NOTICE
Any notice under this Agreement shall be in writing and shall be sent at the addresses of the Parties
specified in this Agreement or such other address as may be intimated by the Parties for the said purpose.

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19. AMENDMENT
This Agreement may be modified only by an amendment executed in writing by a duly authorized
representative of both Parties.

20. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties and supersedes all prior discussions or
agreements relating to subject matter hereof.

21. DISPUTE RESOLUTION, LAW AND JURISDICTION:

21.1 Both Parties shall endeavor to resolve their disputes and difference through mutual consultations. In case
the parties fail to reach an amicable solution, Courts located at Gurgaon shall have the exclusive
jurisdiction for the purpose of this agreement.

21.2 This Agreement shall be governed by the laws of India.

IN WITNESS WHEREOF, THE PARTIES HERETO HAVE SIGNED THESE PRESENTS ON DATE,
MONTH, YEAR AND PLACE WRITTEN ABOVE

For V-Aspire Ind.

Signature: ___________________________________________
Name: Ashish Kaushik
Designation: Proprietor
Witnesses:
1.
2.

For Perfetti Van Melle India Private Limited

Signature: _________________________________________

Name: …………………………..
Designation: …………………………..
Witnesses:
1.
2.

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 ANNEXURE A
(“Scope of Services”)

The scope of services to be rendered and other terms and conditions to be observed by the Vendor are detailed
below:

1. Scope of Services :

1.1 The Vendor shall, from time to time, render the following services to PVM India at the premises detailed
herein below:
a) House Keeping services as specifically stated in Annexure C.
b) other allied services

PVM India may in its sole discretion, provide instructions to the Vendor in respect of the services who shall
instruct their manpower in the PVM India premises to carry out the said instructions.

1.2 The premises/location where services would be provided:

a. 1st Floor, Tower A, Global Business Park, MG Road, Gurgaon – 122002

b. Other Locations as may be agreed in writing.

1.3 The Vendor will be responsible for the house keeping of the premises in an uninterrupted manner. The
details of the services (merely indicative/illustrative and are not exhaustive) to be provided are mentioned
below :
a) Housekeeping Services

b) Any other services incidental to or connected with the said services usually and normally rendered by
the Vendor and not referred to in any of the items referred herein above.

1.4 The scope of services may be changed on mutual agreement between the Parties and shall be duly recorded
in writing.

2. The other terms and conditions to be observed by the Vendor are detailed below:
A.
i. The Vendor shall be responsible for providing the services in an uninterrupted manner on a day-to-day
basis.

ii. For rendering the services, the Vendor shall depute sufficient manpower at the premises. PVM India
may, at its sole discretion, intimate its requirement to the Vendor in advance.

iii. The Vendor hereby agrees that in case of absenteeism of any deputed manpower by the Vendor, the
Vendor shall make the necessary arrangements within reasonable time so that there is no loss to PVM
India.

iv. The Vendor shall change the members of its staff so as to ensure that there is no connivance with the
workers or any outside element connected with the workers and that such change will be effected as
and when considered necessary by PVM India.

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 v. The Vendor shall place/depute its own employees at the said premises of PVM India and shall be
responsible for directing and controlling their work/activities. PVM India shall exercise no control in
respect of the said employees/personnel of the Vendor.

vi. The Vendor shall from time to time, maintain records as may be agreed between the Parties in regard to
the services. The Vendor shall from time to time provide copies of receipts, proof of payment as well as
deduction of PF, ESI etc., returns, registers, licenses etc. to PVM India or such other documents
requested by PVM India. The attendance sheets & other documents showing use of manpower for
services and such other documents as maintained by the Vendor in this regard shall also be supplied to
PVM India along with invoice.

vii. The Vendor shall exercise all reasonable skill, care and diligence in the discharge of its duties hereby
agreed to be performed and shall exercise such general superintendence and inspection in regard to the
said services as may be necessary and to ensure that the services are free from defects and deficiencies.

viii. PVM India may at sole discretion, formulate the related policy of its establishments and the same will
be communicated from time to time to the Vendor for its effective implementation.
B.
i) Employees of the Vendor deployed/deputed for rendering the services to PVM India shall at all times be
the employee of the Vendor.

ii) PVM India reserves its right to permit entry to any of the employee/personnel of the Vendor to its premises.
The timings shall, however, be subject to such restrictions as may be imposed by PVM India as deemed fit
or by any authority or for security reason.

iii) The employees of the Vendor who are deputed to the premises of PVM India from time to time, shall
remain in the said premises solely for the purposes of fulfilling the Vendor’s obligations under this
Agreement and no one shall remain in the premises after the prescribed hours of work.

iv) PVM India reserves its right to give suggestions to the Vendor as regards suitability/requirements of any
person engaged or to be engaged for the purpose of this Agreement. The Vendor shall immediately replace
such person from the premises and provide alternate resource in consultation with PVM India, if such
person does not confirm the suitability/requirements.

v) The Vendor shall ensure that all its employee/personnel, while in the premises of PVM India, comply with
the PVM India’s rules and regulations and/or instructions regarding environment, health, safety and
security. Any non-compliance/violation in the discretion of PVM India, may invite action as per this
Agreement in addition to any other rights available under law.

vi) The Vendor shall ensure that the employee/personnel deputed by it in the premises observe proper
discipline, good conduct and follow rules/regulations/instructions of PVM India. In the event of PVM India
finding any personnel not observing rules/regulations/instructions of PVM India and/or proper discipline
and/or conduct and/or committing misconduct or mischief, PVM India shall be within its rights to direct the
Vendor to forthwith withdraw such personnel from the premises. Upon the direction of PVM India to do so,
he/she shall be removed forthwith by the Vendor. Decision of PVM India in this regard shall be final and
binding.

vii) The Vendor shall ensure that the employee/personnel deputed by it in PVM India premises wear the shoes
and personal protective equipment (PPE) while on duty, as/if mandated by the PVM India (as the case may
be).

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 viii) The Vendor shall comply with all applicable laws. The Vendor shall make payments of salary/any
other benefits, statutory or otherwise, to its employees/personnel in time and PVM India assumes no
responsibility whatsoever in this regard. The Vendor shall deduct and remit Provident Fund contribution
and ESI contribution, pay bonus and any other dues as may be payable by it as the employer, under any law
for the time being in force. The Vendor shall obtain licenses or registrations, timely deposit deductions, file
returns, maintain such records and registers as required under law in respect of such personnel. The said
employees of the Vendor shall have no claims whatsoever against PVM India and should PVM India have
to bear any cost due to the failure of the Vendor to fulfill its obligations, the same shall be recovered from
the Vendor.

The Vendor agrees to keep PVM INDIA harmless and indemnified against non-payment and/or delayed
payment of wages, bonus, PF, ESI, leave etc. or any other due payable by the Vendor to its personnel and
all demands/penalties in respect of above.

In case, any demand/claim is raised against PVM India, PVM India reserves the right to contest the same or
to settle it at the cost, risk and responsibility of the Vendor.

ix) PVM India shall not be exposed to any claim of employment with PVM India from such persons so
deputed by the Vendor shall not be exposed to any claim of employment with PVM India from such
persons so deputed by the Vendor at the premises of PVM India. Further, the Vendor shall also ensure that
all statutory obligations with regard to such employment or engagement are duly complied with and that
PVM India is not exposed to any kind hardship, loss, damage whatsoever on account of any failure to do
so. In the event of any exposure to PVM India on this account, the Vendor shall indemnify PVM India
against all such losses, claims, damage, fines, penalties, legal expenses and all direct and indirect expenses
on account of such failure at the premises of PVM India. Further, the Vendor shall also ensure that all
statutory obligations with regard to such employment or engagement are duly complied with and that PVM
India is not exposed to any kind hardship, loss, damage whatsoever on account of any failure to do so. In
the event of any exposure to the PVM India on this account, the Contractor shall indemnify PVM India
against all such losses, claims, damage, fines, penalties, legal expenses and all direct and indirect expenses
on account of such failure.

x) In case of any accident/mishap in the premises of PVM India, the Vendor shall be liable to settle all the
claims made by the injured/aggrieved party or any damages granted by any judicial / quasi judicial or any
statutory body in respect of its employee/personnel. The Vendor agrees to keep PVM India harmless and
indemnified in this regard.

xi) The Vendor shall obtain, at its own cost, appropriate Insurance policy to cover its employees/personnel in
respect of the casualties/injuries and for any claims arising under the Workmen Compensation Act 1936 or
any other applicable law.

xii) The Vendor will not engage/depute any person for work in the premises, who is less than 18 years of age.

xiii) The Vendor agrees, to ensure that the employees/personnel who are engaged by it to work in the premises
should be in good health, have proper eyesight and should not have any medical problems which may
endanger his/her life and the life of any PVM India personnel. PVM India reserves its right to restrict any
such employee of the Vendor to work in the premises without being medically fit and having certificate
from medical practitioner in this regard. PVM India may also, from time to time, call upon the Vendor to
have all or any of its employee/personnel medically examined.

xiv) Any loss to PVM India due to damage or theft of its properties, fittings and fixtures in the premises owing
to the default of the Vendor’s employee shall be the responsibility of the Vendor. The Vendor authorizes

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 PVM India to deduct the quantum of the said loss from the dues payable to the Vendor and the Vendor
agrees to the same.

xv) Any employee/personnel of the Vendor shall not carry on or permit to be carried on in or around the
Premises or in any part thereof any activities which shall be or are likely to be unlawful, obnoxious or of
nuisance, annoyance or disturbance to the others.

xvi) The Vendor agrees to assist in all enquiry/ investigation of PVM India or any other law enforcement
agency relating to theft or any other illegal activity in and around the premises.

xvii) The Vendor shall not, without the PVM India’s prior written consent, use any of its trademark/ design/ logo
registered or any picture or likeness or trading name for any advertisement or any other purpose.

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 ANNEXURE B
A. For the services rendered, PVM India shall pay the following charges/fee to the Vendor for the term of this
Agreement:

Price Proposal- Perfetti Van Melle (India)

Pvt.Ltd.
26 Days & 08.15 Hrs/ per
Gurgaon day
Housekeeping/Pantry
Descriptions %age
Staff
Basic 9,500
HRA -
Other Allowances 500
Wages payable (A) 10,000
Provident Fund 13.00% 1,235
ESI 4.75% 475
Bonus - subject to limit 8.33% 791
Leave 4.80% 480
Labour Welfare Fund
(Fixed) 20
Uniform Maintenance
(Fixed) 150
Cost of Compliances (B) 3,151
Sub Total (A + B) 13,151
Service Margin 10.0% 1,315
Price per head per month
Total Manpower -01 HK
Boy 1
Grand Total -

Plus applicable tax

B. The above fee shall be subject to tax deduction at source as applicable from time to time. GST on the fee
shall be additional and borne by PVM India as claimed in the original invoice at the time of claiming
fee/charges.

C. The Vendor will submit their valid invoice/bill for the services rendered duly supported with relevant
documents as required by PVM India from time to time.

D. The Vendor shall be responsible for, and shall pay, all taxes, levies, duties, assessments and deductions of
every nature required by law in connection with the provision of Services under this Agreement.

E. The Vendor shall at all times, remain responsible for timely and adequate payment/deposit of Applicable
Tax and other taxes to governmental authorities and for any consequences arising out of non-
payment/delayed payment and/or non-compliance of the same.

F. Any revision in the charges shall be agreed beforehand in writing by the authorized representatives of
parties.
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