OFFER LETTER

RONI PAUL

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 The iPlace Journey

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 Benefits

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 iPlace Initiatives
LaunchPad: LaunchPad is our company’s
operating system, through which iPlacers are
assigned work goals, obtain automated pay
raises and promotions, and even improve their
health and wellness.

WeMakeADifference: The iPlace Corporate

Social Responsibility team plans, implements
and executes activities for the betterment of
animal and human welfare.

iMakeADifference: Our company-wide platform

that gives employees a voice to drive
innovation and continuous improvement in
every area of iPlace.

iPlay: A fun program for iPlacers to participate

in multiple sports tournaments and corporate
events, where iPlace competes with other
companies.

Incubator: This is our version of Shark Tank for

budding entrepreneurs - propose a viable
business plan and the company will invest
finances and resources to help you run it within
iPlace.

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 Salary Annexure
Dear Roni Paul, Date: May 26, 2022

We are pleased to appoint you as a Recruiter at iPlace India Private Limited. Your joining date will be June 20, 2022. Your work
schedule will be Monday to Friday, 6.30 PM to 3.30 AM IST/9.30 PM to 6.30 AM IST. Your salary breakdown is:

Per
Heads Per Annum Remarks
Month
Base Salary 83,000 996,000
Basic 33,200 398,400 40 percent of CTC
HRA 16,600 199,200 40 percent of Basic
Mobile Reimbursement 2,000 24,000 Exempt on submission of bills
Books & Periodicals 2,000 24,000 Exempt on submission of bills
LTA 2,766 33,187 Exempt on submission of bills
Special Allowance 24,084 289,013 Round up of pending amount of CTC
Meals Allowance 1,100 13,200 Fixed as Rs.2200 per month
Medical Reimbursement 1,250 15,000 Capped at Rs. 1250 as per compliance. Exempt on submission of bills
Personal Laptop Allowance 1,000 12,000 Allowance given only if employee uses personal laptop
Internet Allowance 1,000 12,000 Allowance given for employees who are working remotely
PF Employer Contribution 1,800 21,600 12% of Basic Salary (Basic capped at 15000)
Gratuity 1,660 19,920 5 percent of Basic as per compliance
Cab Reimbursement** 0 0 Fuel reimbursement paid for employees working at iPlace Offices
Cost to Company 88,460 1,061,520
Deductions
Professional Tax 200 2500 As per compliance
Cab Reimbursement** 0 0 Deducted if employee opts for company cab
PF Employee Contribution 1,800 21600 As per compliance
PF Employer Contribution 1,800 21600 As per compliance
Gratuity 1,660 19920 As per compliance
Income Tax As per investments
Total Deductions 5,460 65,620
Net Salary 83,000 996,000

This Offer Letter supersedes any previous communication, oral or written. All policies mentioned in the Human Resources manual
are applicable from date of joining. Employee’s responsibilities and work hours may be modified at the sole discretion of iPlace as
dictated by iPlace’s business needs. This Offer Letter is void if the candidate does not satisfactorily complete the background check
process or fails to submit documents necessary for the on-boarding process.

Sincerely,

Balakrishnan Sekhar

Manager – Human Resources

I, Roni Paul understand that this offer will be rescinded if I do not join on the date of joining mentioned on this Offer Letter.

Signature:

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 Roni Paul

Roni Paul.docx
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MM / DD / YYYY
Signed

05 / 26 / 2022 Sent for signature to Roni Paul (ronnie.paul1105@gmail.com)

20:37:47 UTC from hr@iplaceusa.com
IP: 123.201.116.162

05 / 27 / 2022 Viewed by Roni Paul (ronnie.paul1105@gmail.com)

10:29:32 UTC IP: 157.45.160.155

05 / 28 / 2022 Signed by Roni Paul (ronnie.paul1105@gmail.com)

04:25:43 UTC IP: 49.217.214.42

05 / 28 / 2022 The document has been completed.

04:25:43 UTC