KARF Offer Letter

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    KHALIFA AHMED RASHED F & D FACTORYP.O.BOX: 63494 Dubai UAE

    Tel: 04-2677563 Fax: 04-2676792

    -1-

    April 10, 2012

    Employment Offer Letter

    Mr. Joel LuzNationality: PortugalMobile # 056-7451747

    Dear Mr. Joel Luz:

    We are pleased to offer you a permanent position as an Information and Technology (IT) Software Application expertbased on the following terms and conditions:

    1. Position:

    You are appointed to the position of Director of Marketing and Information and Technology (IT), and in thiscapacity, you will report directly to Managing Director. This is a Permanent position, and as discussed and agreedwith you, your start date in the position will be May 1

    st, 2012. According to your acceptance.

    In this assignment of IT & Software Expert, your key responsibilities will be as follows:

    Deal in IT, Software Applications and Marketing.

    Website Development.

    2. Remuneration:

    Your monthly Salary breakdown will be as follows:

    Basic Salary AED 10,000/- (less statutorily required deductions). House Allowances AED 10,000/- Professional Allowances AED 5,000/-

    ---------------------Total monthly Package AED 25,000/-

    Your salary is payable once a month transferred to Bank via WPS System in accordance with the standard companypayroll practices.

    Your hours of work are based on the normal operating hours of the Company and are expected to be from 8:00 a.m.to 5:00 p.m., Sunday to Thursday and Lunch break will be from 12:00 1:00 p.m.

    3. Benefits:

    As a Permanent employee, you will be eligible for Annual Leave Salary which will be one month Basic Salary payableat a time of Vacation as per the UAE Law.

    4. Vacation:

    You will receive 30 days of vacation per year from the start of Joining date. Vacations are to be taken at such timesas are mutually convenient to you and the Company. Please note that carry over of unused vacation is notencouraged. And you will be entitled for a Air Ticket every year.

    5. Medical Health Benefit:

    You will be provided a Medical Health Insurance covering all your medical expenses with a wide range of medicalcentres in UAE for the amount of AED 25,000/- p.a.

    You will be getting 14 days p.a. as a Sick Leave paid up upon producing of Sick Leave Application from Govt. MOHCentres as per UAE Law.

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    KHALIFA AHMED RASHED F & D FACTORYP.O.BOX: 63494 Dubai UAE

    Tel: 04-2677563 Fax: 04-2676792

    -2-

    6. Vehicle Allowance & Telecommunications:

    In addition, you will be given reimbursement of your Vehicle Petrol Bills and Telephone Call Bills for company usages.

    7. Assessment Period:

    For Appointment to Permanent Position, the first Two months of your appointment to this position is a probationaryperiod. We will review your progress in the position on a regular basis and provide you with regular feedback. We willbe in a position to confirm continued employment upon successful completion of the probationary period.

    8. Effective Date:

    The terms of this offer shall come into effect on your first day of employment with the Company.

    By accepting this offer, you also acknowledge and agree that you shall abide by the following terms and conditions,and that such terms and conditions are reasonable:

    Confidentiality: During the course of your employment with the Company, you will be entrusted with confidentialand proprietary information. You agree that such information will not be released or divulged, whether directly orindirectly, unless authorized by Company policy.

    I would ask that you review the contents of this offer carefully. If the terms of employment as set out in thisagreement are acceptable to you, please sign and date one (1) copy and return a fully signed copy to my attention byApril 20, 2012.

    Mr. Joel, I wish to convey my sincere enthusiasm about the possibility of you joining the Company. I hope that youfind the terms of this offer reasonable and attractive.

    And for any clarifications you are free to call Mr. Khalifa Almulla (MD) 050-8888738.

    Yours truly,

    For Khalifa Ahmed Rashed F&D Factory

    Khalifa Ahmed Rashed Almulla(Managing Director)

    I agree to accept the conditions of employment indicated above, this day of April, 2012.

    (Joel Luz)

    (Or)

    I disagree to accept the conditions of employment indicated above.

    (Joel Luz)

    NOTE: Please ensure that you forward a copy of the accepted / rejection letter by Thursday, 12th

    April, 2012 to Company.Kindly reply your choice.