Re-appointment Letter

Date: 12th July, 2021 MR. Eshwar Rao Kota 44-18-1/5, Thatichetlapalem, Visakhapatnam Urban, Andhra Pradesh, INDIA - 530016. Sub: Letter of Re-Appointment. Dear Mr. Eshwar Rao Kota With reference of your keenness and the decision of company Board of Director, we are pleased to inform you the management of company is going to re-appoint you for the position of Installation Manager (Signaling) of Nippon Signal Co., Ltd. Dhaka Office and your employment will be governed by the following terms and conditions: Date of commencement of employment, location and transfer: Your re-appointment shall be effective from 25th July, 2021. You will be based at CP-7 project office, Block I, Sector 16, Road: Sonargoan Janapath, Diabari, Uttara, Dhaka-1230, Bangladesh. The Company can transfer your services to either temporarily or permanently to any of the subsidiary or associated companies in Bangladesh or elsewhere at the discretion of the company. In the event of a transfer the terms and conditions applicable to you will remain unchanged unless notified in writing. 2.00 Remuneration: Your consolidated gross salary will be BDT 150,000 (One Lac Fifty Thousand Only) per calendar month, this would be subject to review every year on the basis of performance. The breakup of the same is as under: Basic salary BDT 90,000.00 House rent Allowance BDT 45,000.00 Medical Allowance BDT 9,000.00 Conveyance Allowance BDT 6,000.00 Appropriate income tax due on your salary will be payable by you and this will be deducted at source by the Company during the payment of salary as per Income Tax Ordinance 1984. 3.00 Bonus: You will be entitled to have the Bonus in the manner which Company decides. Company evaluates through your performance and decides Bonus. 4.00 Exclusivity of employment: You are required to work exclusively for us, and not to engage in any outside employment/business activities without the expressed written permission of the Branch office. Furthermore, neither the Company’s name nor any of its facilities may be used for any purpose whatsoever other than of our business requirement. 5.00 Hours of work: The normal working hours for every Employee shall be Saturday through Thursday 8:30am to 17:15pm (including 1-hour lunch break); unless otherwise specified by Employment Letter. 6.00 Leave facilities: You will be entitled to enjoy leave in accordance with the Branch office’s rule in existence. 7.00 Reimbursement of expenses: You will be reimbursed all expenses actually incurred exclusively for conducting of our business as per the terms and conditions laid down by the Branch Office. Any discrepancies noticed will not be considered for payment. 8.00 Duties and responsibilities: You will carry out your duties and responsibilities in accordance with the instructions you will receive from the Dhaka office management from time to time and coordinating and monitoring all types of activities relating to the testing, commissioning, Fat of signaling equipment, interlocking table testing, system interface test, installation, testing and commissioning of digital signaling system of Dhaka Metro Rail Project or any other project that company assign. 9.00 Termination: The separation of service or employment may be terminated by either party by serving written notice in line with the provisions of the Bangladesh Branch office, Labor Act 2006 and amendment thereon in 2013 &2018 or otherwise by payment in lieu of such notice. As regards dismissal and other form of separation of service, proper legal provisions will be observed as per law. We sincerely welcome you to our team, and wish you every success in your career progress with us. We are confident that we will receive your best efforts in the profitable development of the registered company. Please return the office copy of this letter duly signed by you as a token of your acceptance of the above terms and conditions. Sincerely yours _______________________ WAKUTSU Takuya Country Representative Nippon Signal Company Limited Dhaka Office Acceptance: I have carefully read the above letter and the terms and conditions set out therein, which I have fully understood and I hereby accept the same. __________________________ MR. Eshwar Rao Kota 44-18-1/5, Thatichetlapalem, Visakhapatnam Urban, Andhra Pradesh, INDIA - 530016. Date: