Offer Letter

Date : Tuesday, January 11, 2022

Dear Arun Kumar,

Congratulations on your decision to be a BYJUITE! At BYJU'S, we are on a mission to help students fall in love with learning across the
world. We create learning journeys for every student that address their unique needs and make them lifelong learners. We hope your
contributions and passion would help us achieve this mission.

It gives us immense pleasure to formalize your offer and appointment for the position of Training & Support Manager-Finance at Think and
Learn Private Limited (hereafter referred to as ‘BYJU'S' or 'Company'’) in the Finance (51000002) department subject to your acceptance of
the terms of employment mentioned in this letter. The letter includes details of your compensation structure, probation and notice periods
(Annexure A ). As you read through the details, please feel free to reach out to the recruiter who managed your process, with any questions
or concerns.

Your date of joining at BYJU'S is Friday, January 14, 2022. Your onboarding details will be communicated by BYJU'S Onboarding Team post
acceptance of the offer. In case you do not report at your job on or prior to Friday, January 14, 2022, the offer shall be deemed to be rejected
by you. Please accept this offer in our HR portal so that we can initiate your onboarding process. Once initiated, you will be receiving an
email confirmation for the same. In case you do not acknowledge and accept this offer letter on the HR portal within two working days, the
offer would stand withdrawn.

Position Details and Compensation Overview

Designation Training & Support Manager-Finance

Department Finance (51000002)
Employment Type Regular
Work Location IBC Knowledge Park, Bangalore

Fixed Compensation: ₹ 800000

Variable Compensation: ₹ 0
Total Annual Cost to Company : ₹ 800000

Details of bonuses (if any) are mentioned in Annexure A. You are requested to join the services of the Company not later than Friday,
January 14, 2022, failing which you may please consider the offer to be withdrawn unless an extension to the date of joining has been
mutually agreed in writing. You are requested to signify your acceptance of this letter by accepting the offer on our HR portal and signing and
returning to us the duplicate copy of this letter on your day of Onboarding.
The terms of your employment contract are strictly confidential and should be treated as privileged information between yourself and the
Company. You are expected to maintain such information appropriately. We take this opportunity to thank you for the interest you have
shown in our organization and look forward to welcoming you on board for a fruitful career with us. We are certain that you will find challenge,
satisfaction, and opportunity in your association with the Company.

Best Regards,

Deeptha A R
Head – Human Resources
Think & Learn Pvt. Ltd

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Annexure - A

Compensation Details
Name Arun Kumar
Designation Training & Support Manager-Finance

Date Of Joining Friday, January 14, 2022

Annual Cost To Company(CTC) ₹ 800000

Fixed Compensation ₹ 800000
Variable Compensation ₹0
Earnings
Component Category Annual
Basic Pay ₹400,000.00
House Rent Allowance ₹200,000.00
PF (Employer Part) ₹21,600.00
Leave Travel Allowance ₹84,000.00
Special Allowance ₹94,400.00
ESIC Employer Contribution ₹0.00
Statutory Bonus ₹0.00
Total Annual Earnings (Fixed CTC - Company PF Contribution) ₹778,400.00
Deductions
PF (Employee's Part) ₹21,600.00
ESIC Employee Contribution ₹0.00
Professional Tax As per Rules
TDS As per Rules
Total Annual Net Pay (Before Taxes)* ₹756,800.00

*Income Tax and Professional Tax would be deducted from the Total Annual Net Pay basis the government rules. Your takehome salary
would be Total Annual Net Pay - Taxes.

Bonuses (As Applicable)

Joining Bonus : ₹ 0 Retention Bonus : ₹ 0 Relocation Bonus : ₹ 0

1. The Income Tax liability regarding your salary and perks will be governed by the taxation laws of the country as applicable from time to
time.

2. The company shall be entitled to deduct, from the above remuneration payable to you, the following contractual, statutory, and compulsory
deductions:

Provident Fund
Income tax deducted at source at the rates applicable
Employment/Professional taxes
Dues to the company including loans and advances
Or any other applicable statutory deductions

3. Variable pay, if applicable, will be paid based on your performance and the company’s performance for the year. The payment is subject
to your being active (not serving notice) on the company rolls on the date of announcement of the Yearly Performance Pay.

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4. Benefits – All the full-time regular employees of the Company are eligible for our employee benefits program effective from their Date of
Joining.

You would be entitled to avail the below-mentioned benefits, which are governed by the prevailing company policy. More details regarding
benefits and related policies will be available on the HR Portal after the onboarding formalities are completed

Leaves
Employee Medical Insurance
Employee Personal Accidental Insurance
Flexible Work From Home Options (for applicable roles)
Employee Wellness (BYJU'S Let's Talk Initiative - 24 Hour one-on-one counselling from experts)
Personal Developmental Workshops and Events
Gratuity, as per government rules

5. Joining Bonus will be paid only after successful completion of 1 Month with the company. The payment shall be disbursed in the next
immediate salary cycle. In the event of you resigning from the services of the Company on your own accord within 1 Year of employment,
you will be required to pay BYJU'S the full amount of the Joining Bonus received.
This clause is applicable only if the Joining Bonus component in the above structure is non-zero.

6. Retention Bonus will be paid only after successful completion of 12 Months with the company. The payment shall be disbursed in the next
immediate salary cycle, provided you are not serving the notice period and your performance for the year is deemed satisfactory.
This clause is applicable only if the Retention Bonus component in the above structure is non-zero.

7. Relocation Bonus will be paid only after successful completion of 1 Month with the company. It would be paid along with the next
immediate salary cycle. In the event of you resigning from the services of the Company on your own accord within one year of employment,
you will be required to pay BYJU'S the full amount of the Relocation Bonus received. This clause is applicable only if the Relocation Bonus
component in the above structure is non-zero.

8. Probation – On joining the Company you shall be on probation for 60 days. During this period, your employment may be terminated by
giving 2 days’ notice. You are also at liberty to resign from the services of the Company by giving 2 days’ notice in writing. Further, unless
otherwise communicated to you in writing, your services shall stand confirmed at the end of the period of probation. You hereby agree and
acknowledge that, in the event that you resign from the services of the Company within 30 (thirty) days from the date of signing this letter,
you will not be entitled to receive an experience letter from the company.

9 . Separation and Notice Period – After confirmation of your appointment at the end of your period of probation, your services may be
terminated in the following manner

In the event of your resignation from the services of the Company, where you will be required to give the Company 30 days' written
notice, the notice period has to be served in full unless otherwise agreed mutually in writing. In case of failure to give the above
notice period, the Company shall have the right to deduct the salary in lieu of the notice period and you will not be eligible to be
hired by the Company in the future. You shall, on ceasing to be the employee of the Company for any reason and in addition to the
obligations under the Non-Disclosure and Confidential Information Agreement, forthwith return all Company properties, movable and
immovable, including all Company information and data in any form, files, reports, memoranda, software, credit cards, door and file
keys, computer access codes, laptops, desktops, and such other property which you received or in possession or prepared in
connection with your employment with the Company.
The Company will be entitled to terminate your services by giving you 30 days of notice in writing, or by payment of 30 days of
salary in lieu of such notice. In the event you desire to leave the services of the Company, you will be required to give the Company
30 days of notice in writing or 30 days of salary in lieu of such notice.
In the event of termination on disciplinary grounds including but not limited to embezzlement, fraud, gross negligence, willful
misconduct, or a material violation of Company policies, or you are found to be absconding from the services of the Company or for
any other reasons causing grievous loss/damage/disrepute to the Company/associates, your termination will be immediate and
without any notice or compensation.

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