March 16, 2023

Pankaj Kumar
Emp. ID# 109872
Subject: Relieving Letter

Dear Pankaj

Further to your resignation dated 15th February 2023, based on our mutual discussion, you are
hereby relieved from your duties w.e.f. close of office hours on February 28, 2023.

Now therefore, in consideration of the mutual promises and covenants contained herein, it is
agreed as follows:

a. You acknowledge and confirm that your last working day is 28th February, 2023.

b. You acknowledge and confirm that you were hired to perform a significant and
important role, however, due to meagre utilization, no work and utilization, you were
relieved on mutual basis by waiving off complete notice period with no further liability
on you or the company. You also acknowledge that with calculation of your full &
final i.e. gratuity and its reconciliation with your paid salary, all normal deductions &
TDS deductions, if any, paid in accordance with the Company’s regulatory payroll
practice, all your dues and payments will stand cleared. You understand and
acknowledge that no other liability, Company benefits or related are due or will accrue
afterwards on Damco Solutions Pvt. Ltd.

c. You undertake that you have returned all the Company property, belongings and
related assets to Company and will not retain, directly or indirectly, any copies in any
form of any Company documents or other materials of any type.

d. You hereby release the Company and/or its directors, employees, shareholders,
subsidiaries, affiliates and agents from any and all liability towards you and waive any
and all rights and claims that the above mentioned entities may at present or in the
future have towards you, of any type whatsoever, resulting in any way from your
contract with and/or service (in any form or manner) to the Company, including but

Damco Solutions Pvt. Ltd. 108, HSIDC Industrial Estate Sector 31, Faridabad - 121008, Haryana
E-mail: damco@damcogroup.com, Website: www.damcogroup.com
CIN # U72200DL1996PTC079221
 not limited to any amounts, salary, variable or bonus of any kind, payments, travel,
reimbursement of expenses, and any and all other amounts which may be owed by
you whether by effect of law and/or agreement.

e. You undertake not to use for your own benefit or disclose to any third parties any
Company information, data or material which is not in the public domain including,
without limitation, trade secrets and other proprietary information, business/financial
data or plans, development plans and this agreement or any of the terms hereof.

f. You undertake and assure that you will not, directly, or indirectly, solicit the
business/trade of, or trade with, any customer’s data, other similar business
opportunities or prospective supplier of the Company for any business purpose.

g. You understand and undertake to adhere and abide by each and every covenant of
the acknowledged and signed Employment Agreement, Confidentiality and Non-
Compete Agreement post termination of your employment or other association with
the Company.

h. You, hereby, agree and undertake that you have read, reviewed, and fully understood
the terms and conditions of this agreement.

Your contributions to the organization and its success will always be appreciated. We wish you
all the best in your future endeavors.

Signature: ______________________________________

Name: _________________________________________

Address: _______________________________________

Mobile No: ______________________________________

Date: __________________________________________

Damco Solutions Pvt. Ltd. 108, HSIDC Industrial Estate Sector 31, Faridabad - 121008, Haryana
E-mail: damco@damcogroup.com, Website: www.damcogroup.com
CIN # U72200DL1996PTC079221