YG Realty Private Limited

7th Floor, Sec-28, Gurgaon

Sub: Retainership Agreement

Dear Sir,

This is in continuation to our discussions on the subject. We are pleased to inform you that we
would be utilizing the services of your firm on Retainership basis. The terms and conditions for the
same are as under:

1. That this agreement is for One year from April 2014 to March 2015 and may be renewed on
mutually accepted terms and conditions.
2. That either party can terminate the agreement without assigning any reasons by giving
notice of one calendar month or amount in lieu thereof.
3. That you shall coordinate with the Project Accountant or the controller of the Company.
4. Scope of Work
You shall be required to provide the following services:
a. Salary preparation and administration for all the employees of the Company. You
would also be responsible for the monthly, quarterly and annual compliance in
connection with the same under the Income Tax Act.
b. Withholding Tax deduction and administration. You would also be responsible for
the monthly, quarterly and annual compliance in connection with the same under
Income Tax Act.
c. Compliance with all other statutes pertaining to the above as may be amended from
time to time.
In addition to the above you shall be required to provide support services to Finance
department including:
a. Accounts related activities.
b. Any other work assigned by Finance department.
5. That you will extend your expertise of the subject through trained personnel of your firm to
carry out the aforementioned activities. Your personnel, as per requirement, may be
required to visit our premises or may be required to visit the concerned authorities.
6. That you shall be responsible for all acts done by our executive while carrying out the job
under reference. You and your executives will strictly abide by various policies of the
company in vogue/trend which include the quality policy, Environmental Policy, Code of
Business Ethics, etc.
7. That during the continuance of this contract and afterwards, you would not reveal details
pertaining to our company or confidential information that may come to your knowledge
regarding the Company’s affair and business plans, etc to any person/third party.
8. That any books, documents, circulars, files provided to you in connection with your works
shall all times remain property of the Company and shall be returned by you upon
termination of this agreement. If you fails to do so, the Company may withhold payment of
your dues, if any and take any such action as may be necessary for the recovery of such
documents.
9. That you shall company with all the statutory obligations in respect of executive of you firm
deputed at our premises as per the Retainership agreement and the Company will not be
responsible for any non compliance arising there under.
10. That for the services rendered by you, you will receive a monthly Retainership fees of Rs.
40,00/- (Rupees Forty Thousand Only) per month for which you would raise a bill at the end
of every month and the same shall be paid to you within 15 days of the receipt of the bill
after deducting taxes as may be applicable from time to time.