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February 22, 2008

Mr. Ravinder Singh Chandel EC NO. 59901640 Dear Mr. Shankar Bhala,

Based on the confirmation appraisal feedback received from your supervisor and pursuant to the satisfactory completion of your probation period, we are pleased to confirm your services w.e.f. 20.02.2008.

All the other terms and conditions of your appointment letter will remain unchanged. Kindly send us a signed copy of this letter for our records. We wish you good luck and success in your assignment.

For Reliance Financial Distribution and Advisory Services Ltd.

AUTHORISED SIGNATORY

Reliance Financicfl Distribution and Advisory Services Limited 28 June. 2008 Mr. Ravinder singh Chandel

FIXED PAY BREAK-UP SHEET

P.M

PA

H XVI) PAY

20,833 8.333 12,500 8,333 7,135 856 342 12,500 I66 12,334

BASE PAY(40% OF TOTAL CTC) ----> CHOICE PAY(60% OF TOTAL CTC) ====> BASF. PAY BASIC* PF GRATUITY TOT A5 CHOICE. PAY====----- => -- - -

LESS: COMPULSORY DEBITS AVAILABLE' CHOICE PAY CHOICV PAY FT EMF,NTS

2,50.000 1,00,000 1,50,000 1,00,000 85,616 10,274 4,110 1,50.000 1,995 1,48,005

4.630 12,500

0 18,000 0 15,000 0 0 9,600 15,600 0 0 34,247 55.558 1 ,50,000

11 155 0

135 1,860 0

0 0 0 0 0 0

0 0 0 0 0 0

166

1,995 2,50,000

0 1.500 0 1,250 0 0 800 1,300 0 0 2,854

SUPERANNUATION OFFICE WEAR ALLOWANCE LTA MEDICAL REIMBURSEMENT CHILD EDP ALLOWANCE CHILDREN HOSTEL ALLOWANCE CONVEYANCE ALLOWANCE FOOD COUPON GIFT COUPON FUEL & MAINT REIMS HOUSE RENT ALLOWANCE SPECIAL PERSONAL ALLOWANCE TOTAL COMPULSORY DEBITS PER. ACC. INSURANCE MEDICLAIM INSURANCE FBT ON GIFT COUPONS(16.83%) FBT ON FUEL & MAINTENANCE(6.73%)

•

FBT ON SA(33.66%) HOUSING EMI FOR VEHICLE COST VEHICLE INSURANCE ADDL. DEBIT - VEHICLE EMI(6.73°/0) TOTAL COMPULSORY DEBITS

-

TOTAL FIXED PAY

20,833

-

Note: I. CONVEYANCE AND FUEL A MAINTENANCF_:You can choose only one option between Conveyance and Foe! &

013

i menance.

2. IIRA AND MANDATORY HOUSING DEBIT:You cannot claim REA if occupying CLA/COA. In such a case Effective Rest would be treated as a mandatory debit in your CTC. 3. FOOD COUPONS are distributed one month in advance. Hence employees are a ligibie. to get from thy next month of thier

4. For the first GIFT VOUCHERS am normally distributed in Oct & March. Since it is e Lumpsum amount the proportionate amours: gets recovered from SPA.

Continuation sheet