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Nidhi Deb-OfferLetter

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22 March 2024

To,
Nidhi Deb
Mumbai

Subject: Letter of Employment

Dear Nidhi Deb,

We are very pleased to offer you employment with us as Senior Interior Designer,
with effect from 16 April, 2024. You will be subject to the detailed terms that are
mentioned in this letter of employment. You will also be governed by the policies, rules
and regulations of the Company, as may be amended and modified from time to time.

Accordingly, please sign and return a copy of this letter of appointment together with the
attached Annexure “A” which is the assignment of Trademarks and IPRs to the Company,
declare your interests in Annexure “B” and sign off the non-disclosure undertaking which
is enclosed as Annexure “C”. Please initial each page of this letter.

We thank you in advance for your attention and cooperation in completing and returning
these documents, as soon as possible. Upon your signature and return to us, this letter of
employment will be treated as an employment agreement between you and us, and the
terms and conditions of this letter of employment shall govern your employment with us.

It is a pleasure to welcome you as a member of our company. We are confident that your
employment with us will prove mutually beneficial and rewarding, and we look forward to
having you join us.

The following terms will govern your employment agreement with us:

1. COMMENCEMENT DATE

Your appointment as Company’s full-time employee shall be effective from the date of
your joining which shall be on or before 16 April, 2024. It may be noted that if you do
not report for work on or before the date specified above, it shall be deemed that you are
not interested in joining the Company and this letter of Employment shall stand
automatically withdrawn with effect from one week of the said date.

2. REMUNERATION

Your total gross salary will be as per Annexure “D”.

Home Interior Designs E-Commerce Private Limited


Regd. Address: 3rd Floor, Aurbis Business Park, Outer Ring Road,
Bellandur, Bengaluru, Karnataka 560103
+91-8046670700 | www.livspace.com CIN: U52390KA2014PTC074986
3. PROBATION

The initial three (03) months from the date of your Appointment will be a “Probation”
period during which your suitability for the position that you have been appointed for
shall be assessed by the Company. The Company reserves the right to extend
your Probation period if deemed necessary.

4. RETIREMENT AGE

You will be retired from the services of the Company on the last day of the calendar
month in which you attain the age of Fifty-Eight years, unless the Company at its sole
discretion permits you to continue your services.

5. TAXATION

It is your responsibility to meet all requirements under the Indian tax laws, including tax
compliance and filing of tax returns. The Company will withhold income tax, profession
tax and other statutory deductions as per the applicable laws. Any penalties and or
interest due to tax, which is caused by your failure to provide the Company with relevant
information or failure to file the tax return, will be your responsibility.

6. LOCATION OF EMPLOYMENT AND TRANSFER

During the period of employment with the Company, the Company may at any time, in
its sole discretion, transfer you to any other department of the Company or to any other
subsidiary or affiliate of Livspace or to any other location of Livspace. In such an event,
the terms and conditions governing your service shall be those applicable at the location
of the transfer or those as applicable to employees of such subsidiary or affiliate as the
case may be. Your refusal to transfer may be regarded as a breach of your contract of
employment and would lead to summary dismissal.

For all Relocations initiated by the Company, the Company will bear the expenses as per
the governing Relocation policy. If an employee resigns from his/her employment, or is
terminated for cause (including for poor performance), within 1 (One) year from date of
relocation, then the Company holds the right to recover 100% of the Relocation cost,
including but not limited to transport, stay and other expenses, which has been incurred
by the Company on the employee.

7. NOTICE PERIOD

Notice period during Probation:

During the pendency of Probation, either Party may terminate this Agreement by giving
7 days’ prior written notice in writing. Notwithstanding anything contained herein, the
Company reserves the right to terminate your employment during the Probation Period
without prior written notice in case of occurrence of any event as enumerated below in
Clause 8 (Termination for Cause) of this Appointment Letter.

Home Interior Designs E-Commerce Private Limited


Regd. Address: 3rd Floor, Aurbis Business Park, Outer Ring Road,
Bellandur, Bengaluru, Karnataka 560103
+91-8046670700 | www.livspace.com CIN: U52390KA2014PTC074986
Notice period post completion of Probation:

Post successful completion of your Probation and upon confirmation of your permanent
stature within the Company, the employment hereunder may be terminated by either
party at any time, without cause; (other than termination by Company for Cause) with
prior written notice of 30 days.

Provided however that at the Company’s sole discretion, it may immediately relieve the
Employee from all duties and responsibilities by payment of 30 days’ salary in lieu of
such notice. All benefits from the Company shall cease upon completion of this notice
period.

However, if you fail to provide the required notice, as stated herein or fail to work
through the said notice period and/or co-operate in satisfactory handover of your work,
you shall not be entitled for pay equivalent to notice period. These provisions shall not
prevent the summary termination of employment based on management policy and
procedure.

8. TERMINATION

Termination for cause:

The Company may terminate your employment without any prior written notice, without
any payment on occurrence of any of the following event(s):

i. If found to be guilty of any act of dishonesty or serious misconduct;


ii. Any act which in brings you, the Company or any Group Company into
disrepute;
iii. If you are convicted of any criminal offence;
iv. In case of any misrepresentation, false statements or omitted any material
facts in connection with your employment;
v. In case of unsatisfactory or poor performance; or any serious breach or any
repeated or continued material breach of any Company Policies or any
obligations owed towards the Company in lieu of your Employment Letter.

Please note that the Management’s decision on any such issue shall be final and you
shall be bound to abide by the same.

9. CONSEQUENCE UPON TERMINATION

In furtherance to clause 8 of this Agreement, upon termination of employment for any


reason whatsoever, you shall return to the Company any or all papers, cheques/ cash,
drawings, designs, and any other material on any media containing or disclosing any
Confidential Information that is in your possession or under your control which relates to
your employment in any manner. You shall also return the Company Assets including
laptop, phone or any other electronic products, keys, identification cards or other
property belonging to the Company or any customers of the Company.
Your full and final settlement shall be subject to you returning the Company’s, group
companies’ and/or its affiliate’s properties lying with you, if any.

Home Interior Designs E-Commerce Private Limited


Regd. Address: 3rd Floor, Aurbis Business Park, Outer Ring Road,
Bellandur, Bengaluru, Karnataka 560103
+91-8046670700 | www.livspace.com CIN: U52390KA2014PTC074986
10. CONFIDENTIALITY

You are required to conform to the Company's policy regarding disclosure of information
and industrial property and consequently, when accepting this offer of appointment, you
are requested to sign Annexure "A" attached hereto, which constitutes part of your
contract of employment.

11. HEALTH AND SAFETY ISSUES

The Company intends to provide a pleasant and healthy work environment. As an


employee of the Company, you will be expected to ensure that safety precautions are
taken. Smoking is not allowed on the Company’s work premises. The use of illegal drugs
is forbidden.

12. OTHER EMPLOYMENT AND ASSIGNMENT

You will not take up any employment or assignment with, or remuneration or honorarium
from any other organization, body or person without the consent of the Company in
writing during the tenure of your employment with the Company. It is also to be stated
that you will not take up any employment or assignment with, or remuneration or
honorarium from any other organization, body or person in direct competition with the
Company up till 6 months from the date of your exit from the Company in the event of
termination of employment. You are required to make a full disclosure of any dealing you
propose to enter directly or through any of your relatives or family members with any of
the Company's agent, dealers, vendors, suppliers, subcontractors or the like by whatever
name called.

This Letter of Employment is personal to you and you shall not assign any rights and
obligations to any third party in any manner whatsoever. The failure/silence of the
Company at any time to insist on performance of any obligation under this Letter shall
not be treated as a waiver of its rights.

13. POLICIES & PROCEDURES

While in the service of the Company, you will be governed by the Company’s Policies and
Processes currently in existence, and those, which may be introduced from time to time
hereafter to address changing circumstances and to all common law and statutory
provisions, which may be applicable. All policies and procedures of the Company
including any modifications thereof shall be deemed to be read, understood and
accepted by you. Any act in violation of the policies and procedures of the Company will
deemed to be the breach of the employment contract.

14. LAWS OF THE COUNTRY

This letter of employment is governed by and shall be construed and interpreted in


accordance with the laws of India and the parties submit to the exclusive jurisdiction of
the courts of Bangalore.

Home Interior Designs E-Commerce Private Limited


Regd. Address: 3rd Floor, Aurbis Business Park, Outer Ring Road,
Bellandur, Bengaluru, Karnataka 560103
+91-8046670700 | www.livspace.com CIN: U52390KA2014PTC074986
15. ROLE

The executive shall perform tasks that may include but not limited to Senior Interior
Designer in the company.

16. YOUR UNDERTAKINGS

16.1. During the period of your employment with the Company, you shall neither give
nor accept any gifts or favors from any source/entity. The Company values honesty of
intent and purpose in all the business transactions with its employees, customers,
suppliers, vendors, government agencies, public bodies, media and associates. Equity
and fairness shall be the benchmark of Company’s dealings with them. Any violation to
the prescribed code of conduct of the Company will be viewed very seriously and will be
considered a breach of contract.

16.2. The Company prides itself as a Company with highest order of ethical conduct in
dealing with customers, dealers, vendors, suppliers, subcontractors, staff or the like by
whatever name called. As part of your association with the Company, it is important that
you fully understand this philosophy and the policies governing it. You shall maintain
utmost discipline and good conduct in your dealing with your colleagues, customers etc.,
The Company values every employee as an individual and an asset of the Company and
will not tolerate any objectionable behavior including however not limiting to verbal
abuse, sexual harassment, gender discrimination, misuse of Company’s property, theft,
cheating or any such act of any individual or body of individuals.

16.3. You shall, at all times while at the Company’s premises undertake to:

1. Act diligently, ethically, soberly and honestly;


2. Shall not consume or be under the influence of alcohol or use any drug, unless
prescribed by a medical practitioner or lawfully available without prescription and
used in accordance with directions;
3. Comply with all occupational health or safety policies of the Company including
(but not limited to) those relating to a smoke free environment;
4. Comply with all procedures, rules, regulations, code of conduct, and lawful
directions of the Company in respect of the use of its premises, equipment,
business ethics or methodology or contact with the staff or customers;
5. To devote your focused attention, knowledge and skill exclusively to pursue the
business and interests of the Company;
6. Shall not engage or involve in any business apart from the provision of the
Services whilst on the Company’s premises or otherwise performing the Services;
7. Not to commit any criminal offence and not otherwise breach any law or
regulation which could adversely affect the interests of the Company or the
provisions of the Services;
8. Not to sexually harass any person;
9. Unlawfully engage in discriminatory behavior;
10. Carry and display at all times, the appropriate company identification;
11. Not otherwise act in any manner which could disrupt or adversely affect the
Company’s business reputation, interests or goodwill;

Home Interior Designs E-Commerce Private Limited


Regd. Address: 3rd Floor, Aurbis Business Park, Outer Ring Road,
Bellandur, Bengaluru, Karnataka 560103
+91-8046670700 | www.livspace.com CIN: U52390KA2014PTC074986
12. To abide by all the existing and/or future rules, regulations, policies of the
Company and all amendment or modification thereto shall be binding on you.

17. PROOF OF QUALIFICATIONS

You are required to present the proof of academic qualifications. If any documentary
proof is not genuine or any information supplied by you is incorrect this could result in
summary termination of your employment.

18. AMENDMENTS AND MODIFICATIONS

The Company shall be free to modify the terms of this Letter and notify you of the same
and such amendments shall be binding on you.

19. ENTIRE AGREEMENT

This letter contains the entire understanding between yourself and the Company and
supersedes any previous agreement and arrangements relating to your employment.

Please signify your acceptance of the conditions by signing in the space provided and
returning to us the attached copy of this letter. We welcome you to Home Interior
Designs E - Commerce Private Limited and wish you a long and happy work association.

Yours sincerely,

For Home Interior Designs E - Commerce Private Limited.

Gorika Luthra
Authorised Signatory

ACCEPTANCE OF THE EMPLOYMENT LETTER

I, Nidhi Deb, have read, understood and hereby confirm the acceptance of the foregoing
conditions as well as all the policies and procedures of the Company.

Signed: ______________

Dated : ______________

Place: Mumbai

Home Interior Designs E-Commerce Private Limited


Regd. Address: 3rd Floor, Aurbis Business Park, Outer Ring Road,
Bellandur, Bengaluru, Karnataka 560103
+91-8046670700 | www.livspace.com CIN: U52390KA2014PTC074986
ANNEXURE - A

ASSIGNMENT OF PATENT RIGHTS AND OTHER INTELLECTUAL PROPERTY RIGHTS


TO HOME INTERIOR DESIGNS E - COMMERCE PRIVATE LIMITED.

I, Nidhi Deb, undertake and agree that I will, free of any consideration, forthwith
disclose to Home Interior Designs E - Commerce Private Limited. or its affiliates
(hereinafter referred to the “Company”) all discoveries, processes and inventions, made
or conceived by me (whether alone or in conjunction with others), whilst I am employed
by the Company and during the course and scope of my employment, relating to or
useful in any business carried on by the Company or by any company or other legal
entity to which the Company provides secretarial and/or technical and/or administrative
and/or advisory services. I herewith undertake to assign to the Company all my rights
and interest in any such inventions and undertake at the request of the Company to do
all such acts and sign all such documents as may be necessary for the Company to file
patent applications in respect of such inventions in its name.
I agree that the Company may make application at its cost and expense for patents,
registered designs and other intellectual property rights, to be obtained in the name of
the Company or its nominee(s) in India and in any other country in respect of the said
discoveries, processes and inventions. I further agree that I will, free of any
consideration, sign all such documents relating to such discoveries, processes and
inventions as may be necessary to give effect hereto and further, without charge for my
services, I will give the Company or its nominee/s and its patent agents or attorneys all
reasonable assistance in preparing applications and drawing claims and, from time to
time, upon the request and at the cost and expense of the Company, I will do all things
as are required in order to protect the rights of the Company or its nominee(s).
In the event that I should fail to sign any documents as hereinbefore provided and to
hand the same to the Company within seven (7) days after being called upon to do so in
writing, then I irrevocably nominate, constitute and appoint any director for the time
being of the Company as my true and lawful attorney and agent to do so on my behalf,
hereby ratifying, allowing and confirming whatsoever such attorney and agent shall do or
cause to be done by virtue of these presents.
If the Company does not wish to avail itself of any such discoveries, processes and
inventions it will advise me thereof in writing and I will then be at liberty to disclose such
discoveries, processes and inventions elsewhere and to take out patent and other
intellectual property protection in respect thereof in my own name and at my own cost
and responsibility, and generally to deal therewith as I may see fit.

I shall not do or indulge in any of the following, without the prior written consent of the
Company:

(a) Compete: During the employment period and for a period of at least 2 (two) years
after the employment period, I shall not directly or indirectly carry on, assist, engage in,
be concerned or participate in any business/activity (whether directly or indirectly, as a
partner, shareholder, principal, agent, director, affiliate, employee, consultant or in any
other capacity or manner whatsoever) which is similar to the business of the Company
nor engage in any activity that conflicts with my obligations to the Company and/or its

Home Interior Designs E-Commerce Private Limited


Regd. Address: 3rd Floor, Aurbis Business Park, Outer Ring Road,
Bellandur, Bengaluru, Karnataka 560103
+91-8046670700 | www.livspace.com CIN: U52390KA2014PTC074986
affiliates/associates/group companies. This time duration applicable to this requirement
can be reduced/waived-off with the explicit prior approval of HR Head of the Company

(b) Solicit Business: During the employment period I shall not solicit, endeavor to solicit,
influence or attempt to influence any client, existing or prospective customers or other
person, directly or indirectly, to purchase products / services from any person, firm,
corporation, institution or other entity in which I have direct or indirect interests & such
person, firm, corporation, institution or other entity is in competition with the business of
the Company and/or its affiliates/associates/group companies.

(c) Solicit Personnel: During the employment period and for a period of at least 2 (two)
years after the employment period, I shall not solicit or attempt to influence any person
employed or engaged by the Company (whether as an employee, consultant, vendor,
adviser or in any other manner) to terminate or otherwise cease such employment or
engagement with the Company and/or its affiliates/associates/group companies or
become the employee of or directly or indirectly offer services / products in any form or
manner to himself or any person or entity which is a competitor of the Company and/or
its affiliates/associates/group companies.

I acknowledge and agree that violation of the covenants and obligations with respect to
non-compete and non-solicitation as set forth above will cause the Company irreparable
injury. Therefore, I agree that the Company shall be entitled to an interim injunction,
restraining order or such other equitable relief as a court of competent jurisdiction may
deem necessary or appropriate to restrain me from committing any violation of the
covenants and obligations. These injunctive remedies are cumulative and are in addition
to any other rights and remedies that the Company may have against me as provided
under laws.

If I at any time found guilty of misconduct or commit any breach of this Agreement, or
refuse or willfully neglect to perform to the satisfaction of the Company or any of the
Associated Companies in connection with whose business I may be engaged, the
Company may at once, without any previous notice, terminate my appointment.

Dispute Resolution:

(a) All disputes & differences arising out of or in connection with any of the matters set
out in the Agreement, if not resolved by mutual discussions, shall be resolved by
arbitration in accordance with the Rules of Conciliation and Arbitration of the
International Chamber of Commerce for the time being in force, which rules are deemed
to be incorporated by reference in this Clause. The Arbitration & Conciliation Act, 1996.
The Company shall appoint 1 (one) arbitrator and the employee shall appoint 1 (one)
arbitrator and thereby both arbitrators so appointed shall appoint a third presiding
arbitrator. The language of the arbitration shall be English and the seat of arbitration
shall be Bangalore, India.

(b) The arbitrators shall be entitled to award costs of the arbitration. Subject to the
aforesaid, each party to arbitration shall bear its own expenses in relation thereto,
including but not limited to such party's attorneys' fees and the expenses and fees of the
arbitrator shall be borne equally by the parties to the dispute.

Home Interior Designs E-Commerce Private Limited


Regd. Address: 3rd Floor, Aurbis Business Park, Outer Ring Road,
Bellandur, Bengaluru, Karnataka 560103
+91-8046670700 | www.livspace.com CIN: U52390KA2014PTC074986
(c) The parties shall have the ability to obtain interim, injunctive or equitable relief as
permissible under applicable law.
I acknowledge that the copyright in any works, as referred to in the first paragraph of this
document, made by me during the course of carrying out my duties with the Company,
irrespective of whether such works were made during office hours or otherwise, or were
made at the premises of the Company or otherwise, will vest in the Company. I waive in
favor of the Company any so-called moral rights which might otherwise accrue to me in
any of such works.

SIGNED : ________________________

DATE : ________________________

Home Interior Designs E-Commerce Private Limited


Regd. Address: 3rd Floor, Aurbis Business Park, Outer Ring Road,
Bellandur, Bengaluru, Karnataka 560103
+91-8046670700 | www.livspace.com CIN: U52390KA2014PTC074986
ANNEXURE - B

DECLARATION OF INTERESTS

I, Nidhi Deb, hereby declare that I and members of my family have direct or indirect
interests in the under mentioned companies and firms as shown:

NATURE AND EXTENT OF


NAME OF COMPANY NATURE OF BUSINESS INTEREST

I undertake not to take part in any transaction or any proposed transaction between
Home Interior Designs E - Commerce Private Limited and any company or firm in which I
or any member of my family has an interest without having declared such interest and
having been specifically authorized by my immediate superior to do so.

NAME (Block Capitals) ________________________________________________

SIGNED: _____________________________ DATE: __________________

NOTE : Interests of less than 5 percent of the issued capital of listed companies need
not be declared.

Home Interior Designs E-Commerce Private Limited


Regd. Address: 3rd Floor, Aurbis Business Park, Outer Ring Road,
Bellandur, Bengaluru, Karnataka 560103
+91-8046670700 | www.livspace.com CIN: U52390KA2014PTC074986
ANNEXURE - C

NON-DISCLOSURE UNDERTAKING

I, Nidhi Deb, by signature hereunder, hereby acknowledge and accept:

1. That during the existence of this contract of employment with Home Interior
Designs E - Commerce Private Limited (hereinafter referred to as "the Company"),
information which is of a confidential and protectable nature ("confidential
information") will not be disclosed, in the execution of my duties other than to
authorize Company officials.

2. That this confidential information includes, but is not limited to, information and
knowledge concerning trade secrets, specifications and data, drawings, photographs,
microfilm, memoranda, films and video material, recording tapes, systems, statistics,
methods, plans, software and information systems, programmes, intellectual
property, licensing arrangements or any other confidential, proprietary or secret
commercial, technical, industrial and/or financial information relating to the
Company, to my employment with the Company and/or to other companies,
enterprises or activities associated with the Company.

3. That I shall not (save insofar as is necessary and appropriate in the ordinary
course of my employment) disclose to any person whatsoever, during the existence
of this agreement or thereafter, any information of a confidential and protectable
nature, without the prior written consent of the Company.

4. That I shall not copy or reproduce, or cause to be copied or reproduced, by any


means, any confidential information other than for the purpose of my employment
with the Company after being authorized or instructed by the Company to do so.

5. That I shall not disclose any confidential information in any legal proceedings in a
court or before any tribunal, or in preparation for such proceedings, unless
authorized thereto by the Company or compelled by law to do so.

6. That I further undertake and agree upon termination of my employment with the
Company to hand over to the Company Secretary or other authorized official of the
Company all property of the Company in my possession or under my control,
including but not limited to any papers, drawings, plans, recording tapes, samples,
models, computer discs or similar technology, or other equipment or accessories or
items in my possession or under my control, which may contain information of a
confidential and protectable nature or which relate to or are in any way connected
with the business and affairs of the Company or any of its subsidiary companies, or
any company with which it is associated or to which it is affiliated, or which are the
property of the company.

7. That I further undertake that after leaving the Company, I shall not directly or
indirectly hire anyone from the Company for a period of one year from the date of my
leaving.

Home Interior Designs E-Commerce Private Limited


Regd. Address: 3rd Floor, Aurbis Business Park, Outer Ring Road,
Bellandur, Bengaluru, Karnataka 560103
+91-8046670700 | www.livspace.com CIN: U52390KA2014PTC074986
8. That I further undertake that after leaving the Company, I shall not directly or
indirectly approach any client of the company for business for a period of one year
from the date of my leaving.

9. That the provisions of each paragraph or sub-paragraph of the Agreement are


severable from the provisions of the other paragraphs and sub-paragraphs.

10. That any breach of this undertaking during my period of employment with the
Company will be considered as a serious offence by the Company which may lead to
my immediate dismissal.

11. All terms of this offer letter, including without limitation the remuneration details,
and all subsequent communications from the Company in relation to your
remuneration, such as incentives, bonus and/or appraisals are strictly confidential
and shall not be disclosed/shared/discussed with anyone (including Company's
employees, your family and relatives), without the prior written consent of the
Company. The Company shall have the right to terminate your employment
immediately without any notice period or payment in lie thereof in case of a breach
of this confidentiality obligation.

12. That any breach of this undertaking during or after the period of my employment
with the Company could give rise to legal action being taken against me by the
Company.

13. That my obligations of Confidentiality shall survive the termination of the


Employment Agreement.

SIGNED: ____________________________ DATE: __________________

Home Interior Designs E-Commerce Private Limited


Regd. Address: 3rd Floor, Aurbis Business Park, Outer Ring Road,
Bellandur, Bengaluru, Karnataka 560103
+91-8046670700 | www.livspace.com CIN: U52390KA2014PTC074986
ANNEXURE - D
COMPENSATION STRUCTURE
Name Nidhi Deb
Designation Senior Interior Designer
W.E.F 16 April, 2024
Particulars Per Month in Rs. Per Annum in Rs.

Statutory
Basic 21,010 2,52,120
Employer's contribution to Provident
1,800 21,600
Fund
Flexible
HRA 10,505 1,26,060

Books & Periodicals Allowance 1,500 18,000

LTA 1,751 21,010

Meal Allowance 2,200 26,400

Phone & Broadband Allowance 3,000 36,000

Taxable Allowance 4,234 50,810


Fixed Compensation 46,000 5,52,000
Variable Pay** 1,38,000
Cost To Company 6,90,000

BENEFITS *
Employees are eligible for benefits in addition to the compensation specified above. These
are subjected to changes as per company policy, issued from time to time
- Gratuity (As per Payment of Gratuity Act, 1972)*
- Medical Insurance Coverage (Employee + Spouse + 2 Children)
- Personal Accident Insurance Cover
- Group Term Life Insurance

DEDUCTIONS
- All Salary payments are subjected to TDS under Income Tax Act, 1961, as applicable.

- All salary payments are subject to applicable Labour Laws Viz, The Employees Provident
Funds and Miscellaneous Provisions Act 1952, The Shops and Establishment Act, Labour
Welfare Fund Act, Employees State Insurance Act 1948 and other laws as applicable

Home Interior Designs E-Commerce Private Limited


Regd. Address: 3rd Floor, Aurbis Business Park, Outer Ring Road,
Bellandur, Bengaluru, Karnataka 560103
+91-8046670700 | www.livspace.com CIN: U52390KA2014PTC074986
Variable Pay**

You will be eligible for INR 1,38,000/- per annum as a performance-linked “variable
Pay” which will be paid Monthly as per the performance-linked “variable Pay” terms and
conditions. The variable Pay amount will be determined as a factor of Individual and
Company performance. The criteria for variable Pay eligibility will be shared with you by
your manager.

Deductions:

Kindly note that statutory deductions like Income Tax and Professional Tax shall be made
from your monthly salary. You will be required to submit your income tax declaration.
Your monthly salary payment will be computed accordingly.

Home Interior Designs E-Commerce Private Limited


Regd. Address: 3rd Floor, Aurbis Business Park, Outer Ring Road,
Bellandur, Bengaluru, Karnataka 560103
+91-8046670700 | www.livspace.com CIN: U52390KA2014PTC074986
ANNEXURE- F
UNDERTAKING FOR PERSONAL EQUIPMENT/DEVICES
By signing this Undertaking, I, Nidhi Deb hereby acknowledge and agree that:
1. My employment is conditional upon my ownership and usage of IT equipment
(including but not limited to personal laptop, mobile phones, accessories such as-
internet dongles, headsets etc.) (“Devices”) as may be required to fulfill my
obligations effectively during the course of my employment.
2. I shall have the Devices in active working condition at all times, having the
specifications as listed below and I confirm that I shall be liable for all costs and
risks associated with my personal Devices including not limited to maintenance,
software/hardware failures, operating system errors that render the Devices
unusable.
3. Devices shall not be used at any time to (i) store or transmit: (a) illicit materials;
(b) proprietary information belonging to another company; (c) illegal/ pirated
materials and/or (d) obscene, profane, threatening or disrespectful content or (ii)
access any unauthorized or confidential Company data.
4. I am expected to use the Devices in an ethical manner at all times and adhere to
the Company’s IT policy. I understand that the Company is committed to
maintaining the integrity and confidentiality of all customer data and has a zero
tolerance policy on security breaches or disclosure of confidential data.
5. Devices must be presented to the Company’s IT team for proper job provisioning
and configuration of standard applications, if required, such as browsers, sales
software and security tools, before commencement of official work.
6. During the term of employment, designated IT personnel of the Company shall
have the authority to conduct any kind of assessments/ inspections on a periodic
basis (as per Company’s discretion) in order to assess the compatibility &
efficiency of the Devices for official work.
7. Any/ all deficiencies as informed by the IT personnel shall be improvised at my
own cost within 7 days from the date of intimation unless agreed upon otherwise
in writing by the Company. I understand that any failure in adhering to the same
may lead to my immediate dismissal.
8. I shall be solely responsible for the safety and security of all Devices brought
within the Company premises any time during my association with the Company
in any capacity. Notwithstanding anything to the contrary, the Company shall
assume no responsibility for any personal Devices, if they are lost or damaged.
9. Notwithstanding anything contained herein, employment/ offer letter or Company
policies, the Company shall have the right to take appropriate disciplinary action
up to and including, pay deduction or immediate termination without notice for
breach of any of the terms of this Undertaking.

Home Interior Designs E-Commerce Private Limited


Regd. Address: 3rd Floor, Aurbis Business Park, Outer Ring Road,
Bellandur, Bengaluru, Karnataka 560103
+91-8046670700 | www.livspace.com CIN: U52390KA2014PTC074986
DEVICES SPECIFICATIONS*
LAPTOP REQUIREMENT:

1. Software Name-AutoCad LT/CADMATE LT


2. Operating System-Windows® 11,Windows 10 ; Processor-Core i5/i7 2.5–2.9 GHz
processor or Ryze
3. Minimum Memory-8GB ; Recommended Memory- 16Gb
4. Display Resolution- 1920 x 1080 with True Color ; Graphics Card-2 or 4 GB ; Hard
disk-Minimum 128 GB SSD

WIFI:
1. Network latency of 150 ms or less
2. Download speed of 3 Mbps or greater
3. Wifi: Min 50 Mbps Broadband with unlimited data. Connection with latency of 150
ms or less.
*These specifications are subject to change from time to time in order to align with
tech/software updates to ensure continued productivity of Devices.

I acknowledge that the terms contained in this Undertaking are fair and reasonable
including with regard to subject matter, considering the nature of the relationship, are
reasonably required by the Company to ensure its goodwill and business.

Candidate Signature:

Name:

Home Interior Designs E-Commerce Private Limited


Regd. Address: 3rd Floor, Aurbis Business Park, Outer Ring Road,
Bellandur, Bengaluru, Karnataka 560103
+91-8046670700 | www.livspace.com CIN: U52390KA2014PTC074986

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