Offer Letter

Out No: Gramodaya/08/2-07-08

Date: Oct.2008

To, Mr. Suhas B.Satpe Subject: Appointment letter for the post of HR Executive (Admissions and Placements.) Dear Suhas, Gramodaya Trust, a trust incorporated under the Trust Act in the State of Maharashtra. Gramodaya Trust is pleased to offer you position of HR Executive (Admissions and Placements), at Tathawade, Tal Mulshi Dist Pune on the terms set out in this letter. We believe that you will be valuable asset to our college 1) Your remuneration will be as per the mutually agreed terms i.e. Rs 132000/- per annum. (One lakh thirty two thousand per annum), including Rs1000 per month as communication charges, in addition you will be paid Rs 1500 per month as fuel expenses for your two-wheeler for official visits on production of date wise point to point travel which you will submit in writing The Management of Gramodaya Trust and RIBM reserves the right to restructure the total remuneration payable to you under various sub-heads or allowances if & when required to be done. Any decision taken by the Management in this regard shall be final and binding upon you. All deductions from Salary will be according to Income Tax act. All the deductions and Benefits will be in lieu of AICTE rules. 2) It is assumed that you will serve the Gramodaya Trust and RIBM for Two years; however, Management of RIBM and Gramodaya Trust can terminate your services at any given time during your service period on short notice of 1 month. 3) In case you wish to resign from the services of the RIBM, you will be required to give one month’s notice. 4) During your employment with RIBM and Trust, you will not directly or indirectly get yourself involved, engaged, concerned or interested in any Other Educational Activities, Trade, Business, Occupation or Consultancy of any nature. 5) Any process & Invention made by you during the tenure of your service with us, will be the sole property of the RIBM. 6) All documents, plans, drawings, specifications, photo prints, reports, statements, correspondence etc. or information & instructions that will pass through you, will come to you or your knowledge will be treated as strictly confidential. On no account the secrecy and / or

confidentiality of such papers, documents, instructions etc., shall be divulged or passed on by you to anyone except in the course of rightful discharge of your duty. 7) However, if any of the above is not found to be satisfactory your services are liable to be terminated without notice and or any compensation in lieu of notice. 8) In case of your termination or your resignation, you should hand over charge to any Official designated in this behalf & obtain a clearance certificate from him & your accounts can be settled only on production of such certificate within three months. 9) In availing of your leave earned or due, it would be necessary for you to procure prior sanction of the Management in writing. In case of sick leave, if it is more than two consecutive days then supporting certificates from the prescribed Medical Practitioner shall invariably be necessary for sanction of such leave. 10) RIBM & Gramodaya Trust reserves the right to take appropriate action in case the personal details of past employment furnished by you are found to be untrue. 11) You will be required to communicate to us your latest mailing temporary/permanent residential address from time to time. Failing which your last known address on the RIBM record will be taken as the correct address for all the communications with you. 12) Over & above all these, you would be subject to the rules and regulations of the RIBM & Gramodaya Trust as are in force & which shall be framed from time to time. You are expected to join the office on or before 5 November 2008. You are requested to bring the following documents while joining: a) Experience Certificates from start of employment. b) Education Certificates from 10th Standard Onwards

c) Relieving Letter from last assignment d) Last three Months Salary Slips and Bank statements reflecting Salary in it. e) Four Nos. Passport size photograph. f) Ration Card /driving licenses/passport/voting card, attested Xerox. g) Permanent Address Information and all Family Details with Telephone numbers. h) Pan card issued by Income Tax authorities Your formal appointment letter shall be issued to you upon sending the documents mentioned above. Please feel Free to call us for any clarifications. For Rajeev Institute of Business Management (RIBM)

Sudhir Manjrekar Chief Executive Officer RIBM