LETTER OF UNDERTAKING CUM INDEMNITY BOND

Date: February 2 2020

To,
The Director
Connvertex Technologies India Pvt. Ltd.
Ion7, Suite # 503, Near Keys Hotel
Morwadi, Pimpri, Pune 411018
Maharashtra, INDIA

Employee Signature __________ Page 1 of 3

Dear Sir,
In consideration that Connvertex Technologies Inc., a parent company of Connvertex Technologies India
Pvt. Ltd...hereinafter referred to as the said company, has applied for my H1B visa as applicable by the
USCIS, I Suraj Ghimire, 31 years, residing at – SantiPara, Near Milan Market,OSAP 2nd Bn,Jharsuguda-
768204-Odisha, do hereby state that:
1. I agree that Connvertex Technologies Inc. will offer, and such an offer is contingent upon the USCIS
granting approval for the appropriate work authorization.
2. I agree that Connvertex Technologies Inc., has offered to process my H1B visa in anticipation of my
joining the said Company, for which the said Company would be spending a substantial sum of
money, not less than Rs. 4,00,000/-. (not less than rupees four lakhs only)
3. That hereby I assure the said Company that I shall join the Connvertex Technologies Inc. in their US
office or Connvertex Technologies India Pvt. Ltd. at Pune office within 90 (ninety) days from
receiving the letter of joining service or within the further timeframe given by the said Company of
my H1B petition approval.
4. That hereby agree and I assure the said Company that I shall be in employment with the said
Company for a minimum period of 24 (twenty-four) months from the date of joining the Company
in lieu of the said Company processing my H1B visa. During the proposed period of 24 (twenty-
four) months I shall not resign, abandon, terminate, and give cause for termination of my
employment for any reason whatsoever from the employment of the said Company, irrespective
of the status of H1B visa.
That this period of 24 (twenty-four) months shall include the period for which I have been posted
on an overseas assignment.
5. That hereby I undertake that I am not entitled to leave the employment with any notice period
during the period of minimum guaranteed service as per this undertaking I am entitled to leave the
employment by following the due procedure prescribed in the terms and conditions of my
appointment, only after serving the said minimum guaranteed period as per the undertaking.

6. That I do hereby agree and undertake that after completion of 24 (twenty-four) months as
mentioned in this undertaking, I shall be deemed to continue in service with the said Company
until termination by either side.
7. That hereby agree and I assure the said Company that I shall travel to USA whenever the project
demands such a travel and shall not at any cost refuse the request to travel to USA.
In the circumstances due to my physical or mental ill-health, if a medical practitioner certified to
practice in India certifies the state of my ill-health that I shall not be able to travel to USA, then in
such event I agree and undertake to serve the company for the minimum period of 24 (twenty-
four) months as mentioned in clause 4 of this undertaking.
That in event and circumstances I agree that the Company shall consider waiving off the damages
at the discretion of the Company through a request made by me to the appropriate authorities of
the Company.
8. That hereby agree, undertake and I assure the said Company to indemnify and keep idemnified the
Company against any loss, monitory or otherwise caused due to breach of breaches of the
agreement assurances and undertaking given and stated hereinabove by me and for which:
i. I agree that the said Company shall be entitled to recover the visa processing fee spent on
filing the H1B visa and any other costs incurred in the process from me.

Employee Signature __________ Page 2 of 3

 ii. I agree that the said Company shall be entitled to recover an amount of Rs. 400,000/- (Rupees
four lakhs) as liquidated damages.
iii. I agree that without prejudice to the legal rights and remedies that the Company can avail, in
case of non payment the visa processing fees and/or liquidated damages, for each month of
delay the said Company shall be entitled to recover the amount with a monthly interest of 8 %
calculated from the date such liquidated damages or visa processing fee becomes payable
until the recovery is made in full with the proposed interest.
iv. I agree that the said Company can recover the visa processing fee or liquidated damages from
my salary, arrears of salary or any other monetary benefits given by the said Company during
the course of the employment or also from my salary account from where I may be employed
and receiving salary from my employer at any given time.
9. I agree that the said Company can cancel the H1B visa status awarded to me in case the
employment status is terminated for any reason whatsoever.
10. That I hereby undertake that the relevant provisions of the staff rules and regulations of the said
Company, which are not contrary to what has been expressly referred to in the present
undertaking, shall be binding on me.
11. I agree that in the event of any dispute, difference or disagreement arising under this undertaking,
or to the interpretation and application of any of the terms, conditions, requirements or
obligations under this undertaking or the performance or for the breach of agreement on my part
of this undertaking cum indemnity bond hereof which the parties are unable to resolve amicably,
the same shall be resolved by reference to arbitration by sole arbitrator in accordance with
Arbitration and Conciliation Act, 1996. The sole arbitrator shall be appointed by the said Company
and such appointment is acceptable to me. The venue of Arbitration shall be Pune.
12. That the undertaking shall be governed by the laws in India and the jurisdiction for any civil or
criminal case shall be Pune.
13. That if any provision of this Undertaking, or portion thereof, shall be declared invalid, the
remaining provisions shall nevertheless remain in full force and effect.
14. Notwithstanding what is stated herein above, should the H1B application get rejected for
whatever reason(s) by the US Authorities, in such an event this H1B undertaking will become null
and void.
15. That I hereby confirm that I am executing this Undertaking knowing fully well the consequences of
the breach thereof and with my own free will and volition and in token of my agreement with the
terms and conditions as stipulated hereinabove.
Yours,

Signature
(Suraj Ghimire)
Approved by

(For Connvertex Technologies Pvt. Ltd.)

Name: Sagar D Chavan

Employee Signature __________ Page 3 of 3