Addendum No. 1 to Appointment Letter: Amendment Policy

THIS "ADDENDUM NO. 1" BASED ON REVISION TO YOUR APPOINTMENT LETTER IS MADE ON "1^ST MAY 2026".

BY AND BETWEEN

MERLIN BRANDS PRIVATE LIMITED (CIN: U36900DL2020PTC362740), a private limited company registered under the Companies Act, 1956/ 2013 and having its registered office at W-40, Okhla Phase-2, Delhi-110020, hereinafter referred to as the "Company" (which expression shall unless repugnant to the context and meaning thereof, mean and include its permitted assigns)

AND

"EMPLOYEE", meaning each current employee of Merlin Brands Private Limited as defined in the Original Agreement, to whom this Addendum is communicated and who accepts its terms in accordance with Clause 8 hereof.

The Company and the Employee will be hereafter collectively referred to as the "Parties" and individually referred to as a "Party".

WHEREAS;

1. The Parties had entered into a Employer-Employee relationship vide Appointment Letter ("Original Agreement").
2. The Parties wish to amend the below mentioned Clauses of the Original Agreement on the following terms and conditions.

NOW THEREFORE, FOR AND IN CONSIDERATION OF THE PREMISES THE PARTIES COVENANT AND AGREES AS FOLLOWS;

1. The Addendum No.-1 shall be effective from ("01^st May 2026").

2. Clause 3 (ii) will now be read as:

   "For the first 6 (six) months of Your employment from the date specified in Clause 3(i) You will be placed on probation. Should You successfully complete Your probation, You will receive a written confirmation from the Company. You shall be deemed to continue on probation until you are confirmed, and your confirmation has been communicated to you in writing."

   Note: Kindly note that this clause shall apply only to individuals whose probation period is ongoing.

3. Clause 10 (ii) and will now be read as:

   "Either Party may terminate this Agreement for convenience at any time after Your employment has been confirmed in accordance with the terms hereof and the policies of the Company as may be applicable, by providing a written notice as stated below or payment in lieu of such notice:

   Section	Designation	Notice period
   I	Executives	30 days
   II**	Asst. Manager till Sr. Manager, IT, Finance, Warehouse (Asst. Manager and above), Digital marketing, Social Media Marketing, AVP, Employees reporting to the CEO's Office, HR, HOD and above roles for all the profiles who are leading a team (Team Leadership Roles)*	60 days

   *Note 1: For the purpose of this clause, "team leadership roles" shall include any employee who has direct or indirect supervisory responsibility over one or more team members.

   **Note 2: Upon completion of 12 months of continuous service (including the probation period) by employees holding the designation of HOD, the applicable notice period shall automatically stand increased to Ninety Days (90) days."

   In the event of any inconsistency between the notice period mentioned elsewhere in any Employee Agreement and the notice period provided under Clause 10 (Termination), including Clause 10(ii), the notice period under Clause 10 (as amended, if applicable) shall prevail and supersede all other provisions relating to notice period.

4. RATIFICATION- The said Agreement as amended by this Addendum-1 is hereby ratified and remains in full force and effect.
5. Except as amended herein, all other terms and conditions of the Agreement shall remain in full force and effect. In the event of any conflict between this Addendum and the Original Agreement, the term of this Addendum shall prevail.
6. This Amendment shall form an integral part of the Original Agreement and shall be binding on both the Parties.
7. This Amendment and the Agreement constitute the entire agreement of the Parties with respect to the subject matter of the Agreement.
8. This Amendment may be circulated via an email link, and upon clicking "I Agree," you shall be bound by its terms. Such acceptance shall be deemed as execution of this Amendment, and it shall be considered an original, together with any counterparts, all of which shall constitute one and the same agreement.

Yours Sincerely

Tamali Chakraborty
AVP HR & Admin
MERLIN BRANDS PRIVATE LIMITED