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EMPLOYEE EXIT AGREEMENT

This Agreement has been entered into on the 21st day of July, 2019 by and between:

M/s. Organic Partners, Sole proprietor Company, having a Brand called “The Farmers

Stores” incorporated under the Companies Act, 2013, having its registered office at

____________________________________ , represented by its Director Mr. Rahul

Pabreja, hereinafter referred to as the “Employer/Company” (where such expression shall,

unless repugnant to the context thereof, be deemed to include its respective legal heirs,

representatives, administrators, permitted successors and assigns.)

AND

Mr. Vishwamithran Kuthath Jayan aged about 34 years, residing at No: 207 A Park Street

Calcutta 17 hereinafter referred to as the “Employee” (where such expression shall, unless

repugnant to the context thereof, be deemed to include its respective legal heirs,

representatives, administrators, permitted successors and assigns.)

And the Employer and Employee shall be individually referred to as ‘Party’ and

collectively as the ‘Parties’.

WHEREAS

1. The Employer is in business of supplying organic products around the world. Based

on its efficacy and market reputation employee approached Employer and shown its

interest to work with the Employer/Company.


2. Due to certain circumstances the employee left the Company and in order to

effectuate the exit of the employee from the Company, the Parties have agreed to

record all the terms and conditions governing the terms of their exit in this agreement.

3. The Employee’s last working day with the Employer was on ___________.

4. If any dispute arises between the parties hereto during the subsistence of this

Agreement or thereafter, in connection with the validity, interpretation,

implementation or alleged breach of any provision of this Agreement, the dispute

shall be referred to a sole Arbitrator mutually appointed by the parties. The place and

seat of arbitration shall be at Mumbai. The arbitration proceedings shall be governed

by the Arbitration & Conciliation Act, 1996. The arbitration proceedings shall be in

the English language.

The Employee hereby agrees and obligates himself to the following:

1. The Employee shall not engage in any business or activity that is of a competing

nature with Employer for the period of one year, which includes employment with

another company or legal entity in the same or similar business as the Employer,

establishment of a new company or legal entity in the same or similar business as that

of the Employer, or enter into or be privy to any contractual arrangement under which

Employee consults, advises, facilitates or assists another company or legal entity in

the same or similar business.

2. The Employee shall not share, divulge or disclose any information about the

Employer or its employees, agents, partners, shareholders, officers, directors, and

affiliated companies that Employee knows is confidential or is considered

confidential information, trademark, service mark, trade name, patent, or copyright,


including information or a product invented or developed by Employee during the

term of employment with the Employer.

3. Employee has surrendered to the Employer all paper and electronic copies of all

letters, memoranda, documents, records, correspondence and other material that is the

property of the Employer and connected to the business of the Employer. The

Employee has also surrendered to the Employer all other tangible property of

Employer, including keys, products, charge cards, telephones, pagers, computer and

other equipment, and vehicles, as the case may be.

4. The Employee shall not engage in conduct or make statements relating to their

employment or this Agreement that can be construed as critical or derogatory of

Employer, its employees, agents, partners, shareholders, officers, directors, and

affiliated companies and its business activities.

5. The Employee shall not share, divulge, or disclose the provisions of this Agreement

except to Employee's family, agents, representatives, or advisors, or to the extent

required by law.

6. The Employer shall agrees to pay as base settlement amount the sum of INR 50,000/-

(Rupees Fifty Thousand Only) per month due and payable on or before the 15th day

of every month in 7 instalments. The employer will directly transfer the money from

Organic Partners company bank account to Employees personal account.

7. The Employee agrees that pursuant to this settlement amount he shall not have any

claim on the brand name or shares or intellectual property of the Company/Employer.

Post settlement of accounts, the employee shall not have any claims against the

Employer or any of its Partners, or other officers or employees for damages,

compensation or otherwise whatsoever, when the company is in existence.


8. The Employee releases and discharges all claims, complaints, charges, disputes and

demands against the Employer and its employees, agents, partners, shareholders,

officers, directors, associates and affiliated companies.

9. The Employee has had the opportunity to consult with their lawyer and is aware of

their legal rights, but knowingly and voluntarily waives those rights to the extent

possible under law.

The Employer and Employee agree that in the event of any breach of this Agreement or

default hereunder; the injured party has the right to pursue any legal action available to enjoin

the breaching party from further injurious conduct and/or to recover from the breaching party

damages for such breach or default.

IN WITNESS WHEREOF THIS FIRM AGREEMENT IS SIGNED BY THE

PARTIES HERETO THE DAY, MONTH AND YEAR FIRST ABOVE WRITTEN

[___] [___]

EMPLOYER EMPLOYEE

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