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How to get a Spanish work permit 21/10/2003 00:00

If you are from outside the EU, it is likely you will need a permit to work in Spain. Here are the details.

EU nationals

If you are an EU national you do not need a work permit to work in Spain — you can enter the country as a tourist and register with the Spanish national employment office (Instituto Nacional de Empleo - INEM) to look for a job. You then have 90 days to find employment — you can obtain an extension after that date or leave Spain and re-enter for a further 90 days. Once you get a job, you will need your employment contract in order to apply for your residence permit.

Non-EU nationals

Residents of countries outside the EU who wish to work in Spain must obtain a work permit. They must also obtain a visa before moving to work in Spain.

Work permits must be applied for at the Foreigners' Office (Oficinas de Extranjeros) or to the provincial office of the Ministry of Labour (Delegación Provincial del Ministerio de Trabajo), if you are already in Spain. If you are not in a Spain, a work permit must be applied for at the Consular office of your home country.

The provincial labour offices (Direcciones Provinciales de Trabajo, Seguridad Social y Asuntos Sociales) will decide whether the work permit will be issued or not.

Documents required

Employees

  • Copy of your valid passport
  • Certificate of criminal records issued by the authorities of your home country, except when it was presented upon application for the visa
  • Official medical certificate
  • Three passport-size photographs
  • Fiscal registration number (NIE or CIF) and the Social Security registration number of the employer
  • Offer of employment containing labour conditions
  • Full description of the job and the company's activity
  • Proof of the employer's solvency could also be required

Self-employed

  • Copy of your valid passport
  • Certificate of criminal records issued by the authorities of your home country, except when it was presented upon application for the visa
  • Official medical certificate
  • Three passport-size photographs
  • Full description of the job and the company's activity
  • Proof of your professional qualification or that you meet the requirements needed to perform the professional activity in Spain, such as the appropriate licences to perform the activity or the registration to the Spanish Social Security system, or your NIE
  • Any other documentation the Spanish Administration requires from time to time

Types of work permits
 
Employees 

  • Type A work permit: for seasonal or time-limited work. This may entail a specific contract or a specific geographic area. Its maximum duration is nine months, including renewal
  • Type b initial work permit: It enables the foreigner to work in a specific profession, activity and geographic area for a maximum period of one year.
  • Type B renewed work permit: This is issued to those b initial holders once it has expired. It entitles you to carry on various professions or activities within a maximum period of two years.
  • Type C work permit: issued to the B renewed work permit holders once it has expired. This entitles the foreign worker to perform any professional activity throughout the Spanish territory.

Self-Employed

  • Type d initial work permit: To carry on a specific activity for a maximum of one year. Spanish authorities could limit this to a specific geographic area.
  • Type D renewed work permit: This is issued to those d initial holders once that permit has expired. It entitles him to perform various professional activities for a maximum period of two years. Spanish labour authorities could limit this to a specific geographic area and/or a specific activity.
  • Type E work permit: This is issued to those holding the D renewed work permit once it has expired. This entitles the foreign worker to perform any professional activity throughout the Spanish territory for a maximum period of three years.

Either employed or self-employed

  • Type F work permit: To perform professional activities within Spanish borders, provided their daily return to the foreign borders where they normally reside. This is issued for a maximum period of five years, after that it may be renewed.
  • Permanent work permit: It enables the foreign worker to perform any professional activity where he has the qualification required. Type C or E work permit holders may obtain this permit once theirs has expired. It is mandatory to renew this work permit every five years.
  • Extraordinary work permit: this is issued to the non-EU foreign citizens who have helped to the Spanish economic and cultural progress. It enables the foreign worker to perform any professional activity throughout the Spanish territory where he has the qualification required. It must be renewed every five years.

You are advised to have a skilled lawyer handle your application, as he or she will know the ins and outs of the paperwork.

These are only general guidelines and not definitive statements of the law. All questions about the law's applications to individual cases shall be directed to a Spanish lawyer.

Article by iAbogado Servicios Jurídicos SL (Madrid, Spain). Visit www.SpainLawyer.com for more original content like this.

8 reactions to this article

purushotham.n posted: 13-02-2008 | 10:40 AM

DEUTSCHE BANK S.A.E

RONDA GENERAL MITRE, 72-74, 08017 – BARCELONA – SPAIN.

Tel: 34 608 405 093




Employment Agreement, Between

("DEUTSCHE BANK S.A.E")

And

PURUSHOTHAM .N. GANESH

THIS AGREEMENT is made this 04th day of FEBRUARY 2008 between DEUTSCHE BANK S.A.E of the one part and PURUSHOTHAM .N. GANESH as second party.

For good consideration, the Bank employs the Employee on the following terms and conditions.

ARTICLE 1: CONTRACT PERIOD

The contract period shall be for Contract duration: The contract shall last for duration of 24 consecutive months; 2 years and could be renewed only if employer is satisfied with employee's services. This is with effect from the 17th of MARCH 2008.

ARTICLE 2: SALARY

The Bank shall pay Employee on satisfactory performance of the services the sum 9,920.00 (Nine Thousand Nine Hundred and Twenty Euros) monthly or Euros equivalent depending on employee's home country.

The employee will be reimbursed by the employer for reasonable moving expense incurred only as a result of relocation or early termination of leases, storage charges; procurement of travel documents (flight tickets), immunizations etc. Reimbursements shall be made before employee's embark on journey not later than Five (5) working days after submission of employee's expense report and receipts, this after the acquisition of relevant traveling papers through assistance from the Immigrations/Internal affairs ministry in SPAIN.

Employer shall also take care of employees' travel ticket including that of employees' family only on employees' early notification to employer and as shall be requested by employee.

ARTICLE 3: Duties and Position.

The Bank hires the Employee in the capacity of Employee's duties may be reasonably modified at the Bank's discretion from time to time.

ARTICLE 4: Employee to Devote Full Time to Bank.

The Employee will devote full time, attention, and energies to the business of the Bank, and, during this employment, will not engage in any other business activity, regardless of whether such activity is pursued for profit, gain, or other pecuniary advantage. Employee is not prohibited from making personal investments in any other businesses provided those investments do not require active involvement in the operation of said companies.

ARTICLE 5: Confidentiality of Proprietary Information.

Employee agrees, during or after the term of this employment, not to reveal confidential information, or trade secrets to any person, firm, corporation, or entity. Should Employee reveal or threaten to reveal this information, the Bank shall be entitled to an injunction restraining the Employee from disclosing same, or from rendering any services to any entity to whom said information has been or is threatened to be disclosed, the right to secure an injunction is not exclusive, and the Bank may pursue any other remedies it has against the Employee for a breach or threatened breach of this condition, including the recovery of damages from the Employee.


ARTICLE 6: Disability.

In the event that the Employee cannot perform the duties because of illness or incapacity for a period of more than 2 weeks, the compensation otherwise due during said illness. The Employee's full compensation will be reinstated upon return to work. However, if the Employee is absent from work for any reason for a continuous period of over 1 month, the Bank may terminate the Employee's employment, and the Bank's obligations under this agreement will cease on that date.

ARTICLE 7: Termination of Agreement.

Without cause, the Bank may terminate this agreement at any time upon 6 days' written notice to the Employee. If the Bank requests, the Employee will continue to perform his/her duties and may be paid his/her regular salary up to the date of termination. In addition, the Bank will pay the Employee on the date of the termination a severance allowance, less taxes and Social Security required to be withheld, without cause, the Employee may terminate employment upon 6 days' written notice to the Bank. Employee may be required to perform his or her duties and will be paid the regular salary to date of termination but shall not receive severance allowance. Notwithstanding anything to the contrary contained in this agreement,

(a) The sale of substantially all of the Bank's assets to a single purchaser or group of associated purchasers; or

(b) The sale, exchange, or other disposition, in one transaction of the majority of the Bank's outstanding corporate shares; or

(c) The Bank's decision to terminate its business and liquidate its assets;

(d) The merger or consolidation of the Bank with another Bank.

(e) Bankruptcy or chapter 11 reorganization.

ARTICLE 8: Death Benefit.

Should Employee die during the term of employment, the Bank shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

ARTICLE 9: OTHER BENEFITS

. Quality single or family housing in Bank community.

. Personal effects shipment and excess baggage allowances.

. Access to some of the finest social and recreational facilities in

SPAIN.

. Free medical care in SPAIN for you and your family for contract duration.

. Excellent educational assistance benefits with family status contracts.

. Complete meals also for you and your family as deemed

Appropriate.

. Life insurance Policy.

. Maximum and efficient security both in work place and housing

ARTICLE 10: Effect of Prior Agreements.

This Agreement supersedes any prior agreement between the Bank or any predecessor of the Bank and the Employee, except that this agreement shall not affect or operate to reduce any benefit or compensation inuring to the Employee of a kind elsewhere provided and not expressly provided in this agreement.

ARTICLE 11: Settlement by Arbitration.

Any claim or controversy that arises out of or relates to this agreement, or the breach of it, shall be settled by arbitration in accordance with the rules of the SPAINSH Arbitration Association. Judgment upon the award rendered may be entered in any court with jurisdiction.

ARTICLE 12: Severability.

If, for any reason, any provision of this agreement is held invalid, all other provisions of this agreement shall remain in effect. If this agreement is held invalid or cannot be enforced, then to the full extent permitted by law any prior agreement between the Bank (or any predecessor thereof) and the Employee shall be deemed reinstated as if this agreement had not been executed.

ARTICLE 13: Assumption of Agreement by Company's Successors and Assignees.

The Bank's rights and obligations under this agreement will inure to the benefit and be binding upon the Bank's successors and assignees.

ARTICLE 14: Oral Modifications Not Binding.

This instrument is the entire agreement of the Bank and the Employee. Oral changes have no effect. It may be altered only by a written agreement signed by the party against whom enforcement of any waiver, change, modification, extension, or discharge is sought.

ARTICLE15: VISA, WORK/RESIDENCE PERMIT

Employee shall in no circumstance ask the Immigration services to deduct the paper works fee for visa, work/resident permit papers from their first month salary. Note that the first month salary, flight ticket as well as other monetary benefits will be issued to employee only when they must have procured the visa, work/resident permit papers from the WORLD TRAVEL AGENCY here in SPAIN where we have signed a contract agreement for easy acquisition of employee traveling document as readiness by employee to join the team for the engineers recruitment project.

SIGNED AND DELIVERED FOR AND ON BEHALF OF: DEUTSCHE BANK S.A.E

BY:

DR PABLO CHUKS



DIRECTOR RECRUITMENT DEPT,

DEUTSCHE BANK S.A.E,

SPAIN.

EMPLOYEE SIGNED AND DELIVERED BY
NAME: PURUSHOTHAM .N. GANESH

ADDRESS: N. Purushotham c/o Andanappa Retired, village Accountant Machohalli village Bapaggram post, Bangalore: 560091.

(OR)

N.Purushotham s/o G.R.Narayan gowda.meter Reader (k E B) Windom (2) Anjan nagar magadi main road vishwa needam post Bangalore: 560091 contact:(9480502132).........................................................................

DESIGNATION: ACCOUNTANT

SIGNATURE: purushotham.N.

purushotham.n posted: 13-02-2008 | 10:40 AM

DEUTSCHE BANK S.A.E

RONDA GENERAL MITRE, 72-74, 08017 – BARCELONA – SPAIN.

Tel: 34 608 405 093




Employment Agreement, Between

("DEUTSCHE BANK S.A.E")

And

PURUSHOTHAM .N. GANESH

THIS AGREEMENT is made this 04th day of FEBRUARY 2008 between DEUTSCHE BANK S.A.E of the one part and PURUSHOTHAM .N. GANESH as second party.

For good consideration, the Bank employs the Employee on the following terms and conditions.

ARTICLE 1: CONTRACT PERIOD

The contract period shall be for Contract duration: The contract shall last for duration of 24 consecutive months; 2 years and could be renewed only if employer is satisfied with employee's services. This is with effect from the 17th of MARCH 2008.

ARTICLE 2: SALARY

The Bank shall pay Employee on satisfactory performance of the services the sum 9,920.00 (Nine Thousand Nine Hundred and Twenty Euros) monthly or Euros equivalent depending on employee's home country.

The employee will be reimbursed by the employer for reasonable moving expense incurred only as a result of relocation or early termination of leases, storage charges; procurement of travel documents (flight tickets), immunizations etc. Reimbursements shall be made before employee's embark on journey not later than Five (5) working days after submission of employee's expense report and receipts, this after the acquisition of relevant traveling papers through assistance from the Immigrations/Internal affairs ministry in SPAIN.

Employer shall also take care of employees' travel ticket including that of employees' family only on employees' early notification to employer and as shall be requested by employee.

ARTICLE 3: Duties and Position.

The Bank hires the Employee in the capacity of Employee's duties may be reasonably modified at the Bank's discretion from time to time.

ARTICLE 4: Employee to Devote Full Time to Bank.

The Employee will devote full time, attention, and energies to the business of the Bank, and, during this employment, will not engage in any other business activity, regardless of whether such activity is pursued for profit, gain, or other pecuniary advantage. Employee is not prohibited from making personal investments in any other businesses provided those investments do not require active involvement in the operation of said companies.

ARTICLE 5: Confidentiality of Proprietary Information.

Employee agrees, during or after the term of this employment, not to reveal confidential information, or trade secrets to any person, firm, corporation, or entity. Should Employee reveal or threaten to reveal this information, the Bank shall be entitled to an injunction restraining the Employee from disclosing same, or from rendering any services to any entity to whom said information has been or is threatened to be disclosed, the right to secure an injunction is not exclusive, and the Bank may pursue any other remedies it has against the Employee for a breach or threatened breach of this condition, including the recovery of damages from the Employee.


ARTICLE 6: Disability.

In the event that the Employee cannot perform the duties because of illness or incapacity for a period of more than 2 weeks, the compensation otherwise due during said illness. The Employee's full compensation will be reinstated upon return to work. However, if the Employee is absent from work for any reason for a continuous period of over 1 month, the Bank may terminate the Employee's employment, and the Bank's obligations under this agreement will cease on that date.

ARTICLE 7: Termination of Agreement.

Without cause, the Bank may terminate this agreement at any time upon 6 days' written notice to the Employee. If the Bank requests, the Employee will continue to perform his/her duties and may be paid his/her regular salary up to the date of termination. In addition, the Bank will pay the Employee on the date of the termination a severance allowance, less taxes and Social Security required to be withheld, without cause, the Employee may terminate employment upon 6 days' written notice to the Bank. Employee may be required to perform his or her duties and will be paid the regular salary to date of termination but shall not receive severance allowance. Notwithstanding anything to the contrary contained in this agreement,

(a) The sale of substantially all of the Bank's assets to a single purchaser or group of associated purchasers; or

(b) The sale, exchange, or other disposition, in one transaction of the majority of the Bank's outstanding corporate shares; or

(c) The Bank's decision to terminate its business and liquidate its assets;

(d) The merger or consolidation of the Bank with another Bank.

(e) Bankruptcy or chapter 11 reorganization.

ARTICLE 8: Death Benefit.

Should Employee die during the term of employment, the Bank shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

ARTICLE 9: OTHER BENEFITS

. Quality single or family housing in Bank community.

. Personal effects shipment and excess baggage allowances.

. Access to some of the finest social and recreational facilities in

SPAIN.

. Free medical care in SPAIN for you and your family for contract duration.

. Excellent educational assistance benefits with family status contracts.

. Complete meals also for you and your family as deemed

Appropriate.

. Life insurance Policy.

. Maximum and efficient security both in work place and housing

ARTICLE 10: Effect of Prior Agreements.

This Agreement supersedes any prior agreement between the Bank or any predecessor of the Bank and the Employee, except that this agreement shall not affect or operate to reduce any benefit or compensation inuring to the Employee of a kind elsewhere provided and not expressly provided in this agreement.

ARTICLE 11: Settlement by Arbitration.

Any claim or controversy that arises out of or relates to this agreement, or the breach of it, shall be settled by arbitration in accordance with the rules of the SPAINSH Arbitration Association. Judgment upon the award rendered may be entered in any court with jurisdiction.

ARTICLE 12: Severability.

If, for any reason, any provision of this agreement is held invalid, all other provisions of this agreement shall remain in effect. If this agreement is held invalid or cannot be enforced, then to the full extent permitted by law any prior agreement between the Bank (or any predecessor thereof) and the Employee shall be deemed reinstated as if this agreement had not been executed.

ARTICLE 13: Assumption of Agreement by Company's Successors and Assignees.

The Bank's rights and obligations under this agreement will inure to the benefit and be binding upon the Bank's successors and assignees.

ARTICLE 14: Oral Modifications Not Binding.

This instrument is the entire agreement of the Bank and the Employee. Oral changes have no effect. It may be altered only by a written agreement signed by the party against whom enforcement of any waiver, change, modification, extension, or discharge is sought.

ARTICLE15: VISA, WORK/RESIDENCE PERMIT

Employee shall in no circumstance ask the Immigration services to deduct the paper works fee for visa, work/resident permit papers from their first month salary. Note that the first month salary, flight ticket as well as other monetary benefits will be issued to employee only when they must have procured the visa, work/resident permit papers from the WORLD TRAVEL AGENCY here in SPAIN where we have signed a contract agreement for easy acquisition of employee traveling document as readiness by employee to join the team for the engineers recruitment project.

SIGNED AND DELIVERED FOR AND ON BEHALF OF: DEUTSCHE BANK S.A.E

BY:

DR PABLO CHUKS



DIRECTOR RECRUITMENT DEPT,

DEUTSCHE BANK S.A.E,

SPAIN.

EMPLOYEE SIGNED AND DELIVERED BY
NAME: PURUSHOTHAM .N. GANESH

ADDRESS: N. Purushotham c/o Andanappa Retired, village Accountant Machohalli village Bapaggram post, Bangalore: 560091.

(OR)

N.Purushotham s/o G.R.Narayan gowda.meter Reader (k E B) Windom (2) Anjan nagar magadi main road vishwa needam post Bangalore: 560091 contact:(9480502132).........................................................................

DESIGNATION: ACCOUNTANT

SIGNATURE: purushotham.N.

purushotham.n posted: 13-02-2008 | 10:40 AM

DEUTSCHE BANK S.A.E

RONDA GENERAL MITRE, 72-74, 08017 – BARCELONA – SPAIN.

Tel: 34 608 405 093




Employment Agreement, Between

("DEUTSCHE BANK S.A.E")

And

PURUSHOTHAM .N. GANESH

THIS AGREEMENT is made this 04th day of FEBRUARY 2008 between DEUTSCHE BANK S.A.E of the one part and PURUSHOTHAM .N. GANESH as second party.

For good consideration, the Bank employs the Employee on the following terms and conditions.

ARTICLE 1: CONTRACT PERIOD

The contract period shall be for Contract duration: The contract shall last for duration of 24 consecutive months; 2 years and could be renewed only if employer is satisfied with employee's services. This is with effect from the 17th of MARCH 2008.

ARTICLE 2: SALARY

The Bank shall pay Employee on satisfactory performance of the services the sum 9,920.00 (Nine Thousand Nine Hundred and Twenty Euros) monthly or Euros equivalent depending on employee's home country.

The employee will be reimbursed by the employer for reasonable moving expense incurred only as a result of relocation or early termination of leases, storage charges; procurement of travel documents (flight tickets), immunizations etc. Reimbursements shall be made before employee's embark on journey not later than Five (5) working days after submission of employee's expense report and receipts, this after the acquisition of relevant traveling papers through assistance from the Immigrations/Internal affairs ministry in SPAIN.

Employer shall also take care of employees' travel ticket including that of employees' family only on employees' early notification to employer and as shall be requested by employee.

ARTICLE 3: Duties and Position.

The Bank hires the Employee in the capacity of Employee's duties may be reasonably modified at the Bank's discretion from time to time.

ARTICLE 4: Employee to Devote Full Time to Bank.

The Employee will devote full time, attention, and energies to the business of the Bank, and, during this employment, will not engage in any other business activity, regardless of whether such activity is pursued for profit, gain, or other pecuniary advantage. Employee is not prohibited from making personal investments in any other businesses provided those investments do not require active involvement in the operation of said companies.

ARTICLE 5: Confidentiality of Proprietary Information.

Employee agrees, during or after the term of this employment, not to reveal confidential information, or trade secrets to any person, firm, corporation, or entity. Should Employee reveal or threaten to reveal this information, the Bank shall be entitled to an injunction restraining the Employee from disclosing same, or from rendering any services to any entity to whom said information has been or is threatened to be disclosed, the right to secure an injunction is not exclusive, and the Bank may pursue any other remedies it has against the Employee for a breach or threatened breach of this condition, including the recovery of damages from the Employee.


ARTICLE 6: Disability.

In the event that the Employee cannot perform the duties because of illness or incapacity for a period of more than 2 weeks, the compensation otherwise due during said illness. The Employee's full compensation will be reinstated upon return to work. However, if the Employee is absent from work for any reason for a continuous period of over 1 month, the Bank may terminate the Employee's employment, and the Bank's obligations under this agreement will cease on that date.

ARTICLE 7: Termination of Agreement.

Without cause, the Bank may terminate this agreement at any time upon 6 days' written notice to the Employee. If the Bank requests, the Employee will continue to perform his/her duties and may be paid his/her regular salary up to the date of termination. In addition, the Bank will pay the Employee on the date of the termination a severance allowance, less taxes and Social Security required to be withheld, without cause, the Employee may terminate employment upon 6 days' written notice to the Bank. Employee may be required to perform his or her duties and will be paid the regular salary to date of termination but shall not receive severance allowance. Notwithstanding anything to the contrary contained in this agreement,

(a) The sale of substantially all of the Bank's assets to a single purchaser or group of associated purchasers; or

(b) The sale, exchange, or other disposition, in one transaction of the majority of the Bank's outstanding corporate shares; or

(c) The Bank's decision to terminate its business and liquidate its assets;

(d) The merger or consolidation of the Bank with another Bank.

(e) Bankruptcy or chapter 11 reorganization.

ARTICLE 8: Death Benefit.

Should Employee die during the term of employment, the Bank shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

ARTICLE 9: OTHER BENEFITS

. Quality single or family housing in Bank community.

. Personal effects shipment and excess baggage allowances.

. Access to some of the finest social and recreational facilities in

SPAIN.

. Free medical care in SPAIN for you and your family for contract duration.

. Excellent educational assistance benefits with family status contracts.

. Complete meals also for you and your family as deemed

Appropriate.

. Life insurance Policy.

. Maximum and efficient security both in work place and housing

ARTICLE 10: Effect of Prior Agreements.

This Agreement supersedes any prior agreement between the Bank or any predecessor of the Bank and the Employee, except that this agreement shall not affect or operate to reduce any benefit or compensation inuring to the Employee of a kind elsewhere provided and not expressly provided in this agreement.

ARTICLE 11: Settlement by Arbitration.

Any claim or controversy that arises out of or relates to this agreement, or the breach of it, shall be settled by arbitration in accordance with the rules of the SPAINSH Arbitration Association. Judgment upon the award rendered may be entered in any court with jurisdiction.

ARTICLE 12: Severability.

If, for any reason, any provision of this agreement is held invalid, all other provisions of this agreement shall remain in effect. If this agreement is held invalid or cannot be enforced, then to the full extent permitted by law any prior agreement between the Bank (or any predecessor thereof) and the Employee shall be deemed reinstated as if this agreement had not been executed.

ARTICLE 13: Assumption of Agreement by Company's Successors and Assignees.

The Bank's rights and obligations under this agreement will inure to the benefit and be binding upon the Bank's successors and assignees.

ARTICLE 14: Oral Modifications Not Binding.

This instrument is the entire agreement of the Bank and the Employee. Oral changes have no effect. It may be altered only by a written agreement signed by the party against whom enforcement of any waiver, change, modification, extension, or discharge is sought.

ARTICLE15: VISA, WORK/RESIDENCE PERMIT

Employee shall in no circumstance ask the Immigration services to deduct the paper works fee for visa, work/resident permit papers from their first month salary. Note that the first month salary, flight ticket as well as other monetary benefits will be issued to employee only when they must have procured the visa, work/resident permit papers from the WORLD TRAVEL AGENCY here in SPAIN where we have signed a contract agreement for easy acquisition of employee traveling document as readiness by employee to join the team for the engineers recruitment project.

SIGNED AND DELIVERED FOR AND ON BEHALF OF: DEUTSCHE BANK S.A.E

BY:

DR PABLO CHUKS



DIRECTOR RECRUITMENT DEPT,

DEUTSCHE BANK S.A.E,

SPAIN.

EMPLOYEE SIGNED AND DELIVERED BY
NAME: PURUSHOTHAM .N. GANESH

ADDRESS: N. Purushotham c/o Andanappa Retired, village Accountant Machohalli village Bapaggram post, Bangalore: 560091.

(OR)

N.Purushotham s/o G.R.Narayan gowda.meter Reader (k E B) Windom (2) Anjan nagar magadi main road vishwa needam post Bangalore: 560091 contact:(9480502132).........................................................................

DESIGNATION: ACCOUNTANT

SIGNATURE: purushotham.N.

purushotham.n posted: 13-02-2008 | 10:40 AM

DEUTSCHE BANK S.A.E

RONDA GENERAL MITRE, 72-74, 08017 – BARCELONA – SPAIN.

Tel: 34 608 405 093




Employment Agreement, Between

("DEUTSCHE BANK S.A.E")

And

PURUSHOTHAM .N. GANESH

THIS AGREEMENT is made this 04th day of FEBRUARY 2008 between DEUTSCHE BANK S.A.E of the one part and PURUSHOTHAM .N. GANESH as second party.

For good consideration, the Bank employs the Employee on the following terms and conditions.

ARTICLE 1: CONTRACT PERIOD

The contract period shall be for Contract duration: The contract shall last for duration of 24 consecutive months; 2 years and could be renewed only if employer is satisfied with employee's services. This is with effect from the 17th of MARCH 2008.

ARTICLE 2: SALARY

The Bank shall pay Employee on satisfactory performance of the services the sum 9,920.00 (Nine Thousand Nine Hundred and Twenty Euros) monthly or Euros equivalent depending on employee's home country.

The employee will be reimbursed by the employer for reasonable moving expense incurred only as a result of relocation or early termination of leases, storage charges; procurement of travel documents (flight tickets), immunizations etc. Reimbursements shall be made before employee's embark on journey not later than Five (5) working days after submission of employee's expense report and receipts, this after the acquisition of relevant traveling papers through assistance from the Immigrations/Internal affairs ministry in SPAIN.

Employer shall also take care of employees' travel ticket including that of employees' family only on employees' early notification to employer and as shall be requested by employee.

ARTICLE 3: Duties and Position.

The Bank hires the Employee in the capacity of Employee's duties may be reasonably modified at the Bank's discretion from time to time.

ARTICLE 4: Employee to Devote Full Time to Bank.

The Employee will devote full time, attention, and energies to the business of the Bank, and, during this employment, will not engage in any other business activity, regardless of whether such activity is pursued for profit, gain, or other pecuniary advantage. Employee is not prohibited from making personal investments in any other businesses provided those investments do not require active involvement in the operation of said companies.

ARTICLE 5: Confidentiality of Proprietary Information.

Employee agrees, during or after the term of this employment, not to reveal confidential information, or trade secrets to any person, firm, corporation, or entity. Should Employee reveal or threaten to reveal this information, the Bank shall be entitled to an injunction restraining the Employee from disclosing same, or from rendering any services to any entity to whom said information has been or is threatened to be disclosed, the right to secure an injunction is not exclusive, and the Bank may pursue any other remedies it has against the Employee for a breach or threatened breach of this condition, including the recovery of damages from the Employee.


ARTICLE 6: Disability.

In the event that the Employee cannot perform the duties because of illness or incapacity for a period of more than 2 weeks, the compensation otherwise due during said illness. The Employee's full compensation will be reinstated upon return to work. However, if the Employee is absent from work for any reason for a continuous period of over 1 month, the Bank may terminate the Employee's employment, and the Bank's obligations under this agreement will cease on that date.

ARTICLE 7: Termination of Agreement.

Without cause, the Bank may terminate this agreement at any time upon 6 days' written notice to the Employee. If the Bank requests, the Employee will continue to perform his/her duties and may be paid his/her regular salary up to the date of termination. In addition, the Bank will pay the Employee on the date of the termination a severance allowance, less taxes and Social Security required to be withheld, without cause, the Employee may terminate employment upon 6 days' written notice to the Bank. Employee may be required to perform his or her duties and will be paid the regular salary to date of termination but shall not receive severance allowance. Notwithstanding anything to the contrary contained in this agreement,

(a) The sale of substantially all of the Bank's assets to a single purchaser or group of associated purchasers; or

(b) The sale, exchange, or other disposition, in one transaction of the majority of the Bank's outstanding corporate shares; or

(c) The Bank's decision to terminate its business and liquidate its assets;

(d) The merger or consolidation of the Bank with another Bank.

(e) Bankruptcy or chapter 11 reorganization.

ARTICLE 8: Death Benefit.

Should Employee die during the term of employment, the Bank shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

ARTICLE 9: OTHER BENEFITS

. Quality single or family housing in Bank community.

. Personal effects shipment and excess baggage allowances.

. Access to some of the finest social and recreational facilities in

SPAIN.

. Free medical care in SPAIN for you and your family for contract duration.

. Excellent educational assistance benefits with family status contracts.

. Complete meals also for you and your family as deemed

Appropriate.

. Life insurance Policy.

. Maximum and efficient security both in work place and housing

ARTICLE 10: Effect of Prior Agreements.

This Agreement supersedes any prior agreement between the Bank or any predecessor of the Bank and the Employee, except that this agreement shall not affect or operate to reduce any benefit or compensation inuring to the Employee of a kind elsewhere provided and not expressly provided in this agreement.

ARTICLE 11: Settlement by Arbitration.

Any claim or controversy that arises out of or relates to this agreement, or the breach of it, shall be settled by arbitration in accordance with the rules of the SPAINSH Arbitration Association. Judgment upon the award rendered may be entered in any court with jurisdiction.

ARTICLE 12: Severability.

If, for any reason, any provision of this agreement is held invalid, all other provisions of this agreement shall remain in effect. If this agreement is held invalid or cannot be enforced, then to the full extent permitted by law any prior agreement between the Bank (or any predecessor thereof) and the Employee shall be deemed reinstated as if this agreement had not been executed.

ARTICLE 13: Assumption of Agreement by Company's Successors and Assignees.

The Bank's rights and obligations under this agreement will inure to the benefit and be binding upon the Bank's successors and assignees.

ARTICLE 14: Oral Modifications Not Binding.

This instrument is the entire agreement of the Bank and the Employee. Oral changes have no effect. It may be altered only by a written agreement signed by the party against whom enforcement of any waiver, change, modification, extension, or discharge is sought.

ARTICLE15: VISA, WORK/RESIDENCE PERMIT

Employee shall in no circumstance ask the Immigration services to deduct the paper works fee for visa, work/resident permit papers from their first month salary. Note that the first month salary, flight ticket as well as other monetary benefits will be issued to employee only when they must have procured the visa, work/resident permit papers from the WORLD TRAVEL AGENCY here in SPAIN where we have signed a contract agreement for easy acquisition of employee traveling document as readiness by employee to join the team for the engineers recruitment project.

SIGNED AND DELIVERED FOR AND ON BEHALF OF: DEUTSCHE BANK S.A.E

BY:

DR PABLO CHUKS



DIRECTOR RECRUITMENT DEPT,

DEUTSCHE BANK S.A.E,

SPAIN.

EMPLOYEE SIGNED AND DELIVERED BY
NAME: PURUSHOTHAM .N. GANESH

ADDRESS: N. Purushotham c/o Andanappa Retired, village Accountant Machohalli village Bapaggram post, Bangalore: 560091.

(OR)

N.Purushotham s/o G.R.Narayan gowda.meter Reader (k E B) Windom (2) Anjan nagar magadi main road vishwa needam post Bangalore: 560091 contact:(9480502132).........................................................................

DESIGNATION: ACCOUNTANT

SIGNATURE: purushotham.N.

purushotham.n posted: 13-02-2008 | 10:41 AM

DEUTSCHE BANK S.A.E

RONDA GENERAL MITRE, 72-74, 08017 – BARCELONA – SPAIN.

Tel: 34 608 405 093




Employment Agreement, Between

("DEUTSCHE BANK S.A.E")

And

PURUSHOTHAM .N. GANESH

THIS AGREEMENT is made this 04th day of FEBRUARY 2008 between DEUTSCHE BANK S.A.E of the one part and PURUSHOTHAM .N. GANESH as second party.

For good consideration, the Bank employs the Employee on the following terms and conditions.

ARTICLE 1: CONTRACT PERIOD

The contract period shall be for Contract duration: The contract shall last for duration of 24 consecutive months; 2 years and could be renewed only if employer is satisfied with employee's services. This is with effect from the 17th of MARCH 2008.

ARTICLE 2: SALARY

The Bank shall pay Employee on satisfactory performance of the services the sum 9,920.00 (Nine Thousand Nine Hundred and Twenty Euros) monthly or Euros equivalent depending on employee's home country.

The employee will be reimbursed by the employer for reasonable moving expense incurred only as a result of relocation or early termination of leases, storage charges; procurement of travel documents (flight tickets), immunizations etc. Reimbursements shall be made before employee's embark on journey not later than Five (5) working days after submission of employee's expense report and receipts, this after the acquisition of relevant traveling papers through assistance from the Immigrations/Internal affairs ministry in SPAIN.

Employer shall also take care of employees' travel ticket including that of employees' family only on employees' early notification to employer and as shall be requested by employee.

ARTICLE 3: Duties and Position.

The Bank hires the Employee in the capacity of Employee's duties may be reasonably modified at the Bank's discretion from time to time.

ARTICLE 4: Employee to Devote Full Time to Bank.

The Employee will devote full time, attention, and energies to the business of the Bank, and, during this employment, will not engage in any other business activity, regardless of whether such activity is pursued for profit, gain, or other pecuniary advantage. Employee is not prohibited from making personal investments in any other businesses provided those investments do not require active involvement in the operation of said companies.

ARTICLE 5: Confidentiality of Proprietary Information.

Employee agrees, during or after the term of this employment, not to reveal confidential information, or trade secrets to any person, firm, corporation, or entity. Should Employee reveal or threaten to reveal this information, the Bank shall be entitled to an injunction restraining the Employee from disclosing same, or from rendering any services to any entity to whom said information has been or is threatened to be disclosed, the right to secure an injunction is not exclusive, and the Bank may pursue any other remedies it has against the Employee for a breach or threatened breach of this condition, including the recovery of damages from the Employee.


ARTICLE 6: Disability.

In the event that the Employee cannot perform the duties because of illness or incapacity for a period of more than 2 weeks, the compensation otherwise due during said illness. The Employee's full compensation will be reinstated upon return to work. However, if the Employee is absent from work for any reason for a continuous period of over 1 month, the Bank may terminate the Employee's employment, and the Bank's obligations under this agreement will cease on that date.

ARTICLE 7: Termination of Agreement.

Without cause, the Bank may terminate this agreement at any time upon 6 days' written notice to the Employee. If the Bank requests, the Employee will continue to perform his/her duties and may be paid his/her regular salary up to the date of termination. In addition, the Bank will pay the Employee on the date of the termination a severance allowance, less taxes and Social Security required to be withheld, without cause, the Employee may terminate employment upon 6 days' written notice to the Bank. Employee may be required to perform his or her duties and will be paid the regular salary to date of termination but shall not receive severance allowance. Notwithstanding anything to the contrary contained in this agreement,

(a) The sale of substantially all of the Bank's assets to a single purchaser or group of associated purchasers; or

(b) The sale, exchange, or other disposition, in one transaction of the majority of the Bank's outstanding corporate shares; or

(c) The Bank's decision to terminate its business and liquidate its assets;

(d) The merger or consolidation of the Bank with another Bank.

(e) Bankruptcy or chapter 11 reorganization.

ARTICLE 8: Death Benefit.

Should Employee die during the term of employment, the Bank shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

ARTICLE 9: OTHER BENEFITS

. Quality single or family housing in Bank community.

. Personal effects shipment and excess baggage allowances.

. Access to some of the finest social and recreational facilities in

SPAIN.

. Free medical care in SPAIN for you and your family for contract duration.

. Excellent educational assistance benefits with family status contracts.

. Complete meals also for you and your family as deemed

Appropriate.

. Life insurance Policy.

. Maximum and efficient security both in work place and housing

ARTICLE 10: Effect of Prior Agreements.

This Agreement supersedes any prior agreement between the Bank or any predecessor of the Bank and the Employee, except that this agreement shall not affect or operate to reduce any benefit or compensation inuring to the Employee of a kind elsewhere provided and not expressly provided in this agreement.

ARTICLE 11: Settlement by Arbitration.

Any claim or controversy that arises out of or relates to this agreement, or the breach of it, shall be settled by arbitration in accordance with the rules of the SPAINSH Arbitration Association. Judgment upon the award rendered may be entered in any court with jurisdiction.

ARTICLE 12: Severability.

If, for any reason, any provision of this agreement is held invalid, all other provisions of this agreement shall remain in effect. If this agreement is held invalid or cannot be enforced, then to the full extent permitted by law any prior agreement between the Bank (or any predecessor thereof) and the Employee shall be deemed reinstated as if this agreement had not been executed.

ARTICLE 13: Assumption of Agreement by Company's Successors and Assignees.

The Bank's rights and obligations under this agreement will inure to the benefit and be binding upon the Bank's successors and assignees.

ARTICLE 14: Oral Modifications Not Binding.

This instrument is the entire agreement of the Bank and the Employee. Oral changes have no effect. It may be altered only by a written agreement signed by the party against whom enforcement of any waiver, change, modification, extension, or discharge is sought.

ARTICLE15: VISA, WORK/RESIDENCE PERMIT

Employee shall in no circumstance ask the Immigration services to deduct the paper works fee for visa, work/resident permit papers from their first month salary. Note that the first month salary, flight ticket as well as other monetary benefits will be issued to employee only when they must have procured the visa, work/resident permit papers from the WORLD TRAVEL AGENCY here in SPAIN where we have signed a contract agreement for easy acquisition of employee traveling document as readiness by employee to join the team for the engineers recruitment project.

SIGNED AND DELIVERED FOR AND ON BEHALF OF: DEUTSCHE BANK S.A.E

BY:

DR PABLO CHUKS



DIRECTOR RECRUITMENT DEPT,

DEUTSCHE BANK S.A.E,

SPAIN.

EMPLOYEE SIGNED AND DELIVERED BY
NAME: PURUSHOTHAM .N. GANESH

ADDRESS: N. Purushotham c/o Andanappa Retired, village Accountant Machohalli village Bapaggram post, Bangalore: 560091.

(OR)

N.Purushotham s/o G.R.Narayan gowda.meter Reader (k E B) Windom (2) Anjan nagar magadi main road vishwa needam post Bangalore: 560091 contact:(9480502132).........................................................................

DESIGNATION: ACCOUNTANT

SIGNATURE: purushotham.N.

purushotham.n posted: 13-02-2008 | 10:41 AM

DEUTSCHE BANK S.A.E

RONDA GENERAL MITRE, 72-74, 08017 – BARCELONA – SPAIN.

Tel: 34 608 405 093




Employment Agreement, Between

("DEUTSCHE BANK S.A.E")

And

PURUSHOTHAM .N. GANESH

THIS AGREEMENT is made this 04th day of FEBRUARY 2008 between DEUTSCHE BANK S.A.E of the one part and PURUSHOTHAM .N. GANESH as second party.

For good consideration, the Bank employs the Employee on the following terms and conditions.

ARTICLE 1: CONTRACT PERIOD

The contract period shall be for Contract duration: The contract shall last for duration of 24 consecutive months; 2 years and could be renewed only if employer is satisfied with employee's services. This is with effect from the 17th of MARCH 2008.

ARTICLE 2: SALARY

The Bank shall pay Employee on satisfactory performance of the services the sum 9,920.00 (Nine Thousand Nine Hundred and Twenty Euros) monthly or Euros equivalent depending on employee's home country.

The employee will be reimbursed by the employer for reasonable moving expense incurred only as a result of relocation or early termination of leases, storage charges; procurement of travel documents (flight tickets), immunizations etc. Reimbursements shall be made before employee's embark on journey not later than Five (5) working days after submission of employee's expense report and receipts, this after the acquisition of relevant traveling papers through assistance from the Immigrations/Internal affairs ministry in SPAIN.

Employer shall also take care of employees' travel ticket including that of employees' family only on employees' early notification to employer and as shall be requested by employee.

ARTICLE 3: Duties and Position.

The Bank hires the Employee in the capacity of Employee's duties may be reasonably modified at the Bank's discretion from time to time.

ARTICLE 4: Employee to Devote Full Time to Bank.

The Employee will devote full time, attention, and energies to the business of the Bank, and, during this employment, will not engage in any other business activity, regardless of whether such activity is pursued for profit, gain, or other pecuniary advantage. Employee is not prohibited from making personal investments in any other businesses provided those investments do not require active involvement in the operation of said companies.

ARTICLE 5: Confidentiality of Proprietary Information.

Employee agrees, during or after the term of this employment, not to reveal confidential information, or trade secrets to any person, firm, corporation, or entity. Should Employee reveal or threaten to reveal this information, the Bank shall be entitled to an injunction restraining the Employee from disclosing same, or from rendering any services to any entity to whom said information has been or is threatened to be disclosed, the right to secure an injunction is not exclusive, and the Bank may pursue any other remedies it has against the Employee for a breach or threatened breach of this condition, including the recovery of damages from the Employee.


ARTICLE 6: Disability.

In the event that the Employee cannot perform the duties because of illness or incapacity for a period of more than 2 weeks, the compensation otherwise due during said illness. The Employee's full compensation will be reinstated upon return to work. However, if the Employee is absent from work for any reason for a continuous period of over 1 month, the Bank may terminate the Employee's employment, and the Bank's obligations under this agreement will cease on that date.

ARTICLE 7: Termination of Agreement.

Without cause, the Bank may terminate this agreement at any time upon 6 days' written notice to the Employee. If the Bank requests, the Employee will continue to perform his/her duties and may be paid his/her regular salary up to the date of termination. In addition, the Bank will pay the Employee on the date of the termination a severance allowance, less taxes and Social Security required to be withheld, without cause, the Employee may terminate employment upon 6 days' written notice to the Bank. Employee may be required to perform his or her duties and will be paid the regular salary to date of termination but shall not receive severance allowance. Notwithstanding anything to the contrary contained in this agreement,

(a) The sale of substantially all of the Bank's assets to a single purchaser or group of associated purchasers; or

(b) The sale, exchange, or other disposition, in one transaction of the majority of the Bank's outstanding corporate shares; or

(c) The Bank's decision to terminate its business and liquidate its assets;

(d) The merger or consolidation of the Bank with another Bank.

(e) Bankruptcy or chapter 11 reorganization.

ARTICLE 8: Death Benefit.

Should Employee die during the term of employment, the Bank shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

ARTICLE 9: OTHER BENEFITS

. Quality single or family housing in Bank community.

. Personal effects shipment and excess baggage allowances.

. Access to some of the finest social and recreational facilities in

SPAIN.

. Free medical care in SPAIN for you and your family for contract duration.

. Excellent educational assistance benefits with family status contracts.

. Complete meals also for you and your family as deemed

Appropriate.

. Life insurance Policy.

. Maximum and efficient security both in work place and housing

ARTICLE 10: Effect of Prior Agreements.

This Agreement supersedes any prior agreement between the Bank or any predecessor of the Bank and the Employee, except that this agreement shall not affect or operate to reduce any benefit or compensation inuring to the Employee of a kind elsewhere provided and not expressly provided in this agreement.

ARTICLE 11: Settlement by Arbitration.

Any claim or controversy that arises out of or relates to this agreement, or the breach of it, shall be settled by arbitration in accordance with the rules of the SPAINSH Arbitration Association. Judgment upon the award rendered may be entered in any court with jurisdiction.

ARTICLE 12: Severability.

If, for any reason, any provision of this agreement is held invalid, all other provisions of this agreement shall remain in effect. If this agreement is held invalid or cannot be enforced, then to the full extent permitted by law any prior agreement between the Bank (or any predecessor thereof) and the Employee shall be deemed reinstated as if this agreement had not been executed.

ARTICLE 13: Assumption of Agreement by Company's Successors and Assignees.

The Bank's rights and obligations under this agreement will inure to the benefit and be binding upon the Bank's successors and assignees.

ARTICLE 14: Oral Modifications Not Binding.

This instrument is the entire agreement of the Bank and the Employee. Oral changes have no effect. It may be altered only by a written agreement signed by the party against whom enforcement of any waiver, change, modification, extension, or discharge is sought.

ARTICLE15: VISA, WORK/RESIDENCE PERMIT

Employee shall in no circumstance ask the Immigration services to deduct the paper works fee for visa, work/resident permit papers from their first month salary. Note that the first month salary, flight ticket as well as other monetary benefits will be issued to employee only when they must have procured the visa, work/resident permit papers from the WORLD TRAVEL AGENCY here in SPAIN where we have signed a contract agreement for easy acquisition of employee traveling document as readiness by employee to join the team for the engineers recruitment project.

SIGNED AND DELIVERED FOR AND ON BEHALF OF: DEUTSCHE BANK S.A.E

BY:

DR PABLO CHUKS



DIRECTOR RECRUITMENT DEPT,

DEUTSCHE BANK S.A.E,

SPAIN.

EMPLOYEE SIGNED AND DELIVERED BY
NAME: PURUSHOTHAM .N. GANESH

ADDRESS: N. Purushotham c/o Andanappa Retired, village Accountant Machohalli village Bapaggram post, Bangalore: 560091.

(OR)

N.Purushotham s/o G.R.Narayan gowda.meter Reader (k E B) Windom (2) Anjan nagar magadi main road vishwa needam post Bangalore: 560091 contact:(9480502132).........................................................................

DESIGNATION: ACCOUNTANT

SIGNATURE: purushotham.N.

purushotham.n posted: 13-02-2008 | 10:41 AM

DEUTSCHE BANK S.A.E

RONDA GENERAL MITRE, 72-74, 08017 – BARCELONA – SPAIN.

Tel: 34 608 405 093




Employment Agreement, Between

("DEUTSCHE BANK S.A.E")

And

PURUSHOTHAM .N. GANESH

THIS AGREEMENT is made this 04th day of FEBRUARY 2008 between DEUTSCHE BANK S.A.E of the one part and PURUSHOTHAM .N. GANESH as second party.

For good consideration, the Bank employs the Employee on the following terms and conditions.

ARTICLE 1: CONTRACT PERIOD

The contract period shall be for Contract duration: The contract shall last for duration of 24 consecutive months; 2 years and could be renewed only if employer is satisfied with employee's services. This is with effect from the 17th of MARCH 2008.

ARTICLE 2: SALARY

The Bank shall pay Employee on satisfactory performance of the services the sum 9,920.00 (Nine Thousand Nine Hundred and Twenty Euros) monthly or Euros equivalent depending on employee's home country.

The employee will be reimbursed by the employer for reasonable moving expense incurred only as a result of relocation or early termination of leases, storage charges; procurement of travel documents (flight tickets), immunizations etc. Reimbursements shall be made before employee's embark on journey not later than Five (5) working days after submission of employee's expense report and receipts, this after the acquisition of relevant traveling papers through assistance from the Immigrations/Internal affairs ministry in SPAIN.

Employer shall also take care of employees' travel ticket including that of employees' family only on employees' early notification to employer and as shall be requested by employee.

ARTICLE 3: Duties and Position.

The Bank hires the Employee in the capacity of Employee's duties may be reasonably modified at the Bank's discretion from time to time.

ARTICLE 4: Employee to Devote Full Time to Bank.

The Employee will devote full time, attention, and energies to the business of the Bank, and, during this employment, will not engage in any other business activity, regardless of whether such activity is pursued for profit, gain, or other pecuniary advantage. Employee is not prohibited from making personal investments in any other businesses provided those investments do not require active involvement in the operation of said companies.

ARTICLE 5: Confidentiality of Proprietary Information.

Employee agrees, during or after the term of this employment, not to reveal confidential information, or trade secrets to any person, firm, corporation, or entity. Should Employee reveal or threaten to reveal this information, the Bank shall be entitled to an injunction restraining the Employee from disclosing same, or from rendering any services to any entity to whom said information has been or is threatened to be disclosed, the right to secure an injunction is not exclusive, and the Bank may pursue any other remedies it has against the Employee for a breach or threatened breach of this condition, including the recovery of damages from the Employee.


ARTICLE 6: Disability.

In the event that the Employee cannot perform the duties because of illness or incapacity for a period of more than 2 weeks, the compensation otherwise due during said illness. The Employee's full compensation will be reinstated upon return to work. However, if the Employee is absent from work for any reason for a continuous period of over 1 month, the Bank may terminate the Employee's employment, and the Bank's obligations under this agreement will cease on that date.

ARTICLE 7: Termination of Agreement.

Without cause, the Bank may terminate this agreement at any time upon 6 days' written notice to the Employee. If the Bank requests, the Employee will continue to perform his/her duties and may be paid his/her regular salary up to the date of termination. In addition, the Bank will pay the Employee on the date of the termination a severance allowance, less taxes and Social Security required to be withheld, without cause, the Employee may terminate employment upon 6 days' written notice to the Bank. Employee may be required to perform his or her duties and will be paid the regular salary to date of termination but shall not receive severance allowance. Notwithstanding anything to the contrary contained in this agreement,

(a) The sale of substantially all of the Bank's assets to a single purchaser or group of associated purchasers; or

(b) The sale, exchange, or other disposition, in one transaction of the majority of the Bank's outstanding corporate shares; or

(c) The Bank's decision to terminate its business and liquidate its assets;

(d) The merger or consolidation of the Bank with another Bank.

(e) Bankruptcy or chapter 11 reorganization.

ARTICLE 8: Death Benefit.

Should Employee die during the term of employment, the Bank shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

ARTICLE 9: OTHER BENEFITS

. Quality single or family housing in Bank community.

. Personal effects shipment and excess baggage allowances.

. Access to some of the finest social and recreational facilities in

SPAIN.

. Free medical care in SPAIN for you and your family for contract duration.

. Excellent educational assistance benefits with family status contracts.

. Complete meals also for you and your family as deemed

Appropriate.

. Life insurance Policy.

. Maximum and efficient security both in work place and housing

ARTICLE 10: Effect of Prior Agreements.

This Agreement supersedes any prior agreement between the Bank or any predecessor of the Bank and the Employee, except that this agreement shall not affect or operate to reduce any benefit or compensation inuring to the Employee of a kind elsewhere provided and not expressly provided in this agreement.

ARTICLE 11: Settlement by Arbitration.

Any claim or controversy that arises out of or relates to this agreement, or the breach of it, shall be settled by arbitration in accordance with the rules of the SPAINSH Arbitration Association. Judgment upon the award rendered may be entered in any court with jurisdiction.

ARTICLE 12: Severability.

If, for any reason, any provision of this agreement is held invalid, all other provisions of this agreement shall remain in effect. If this agreement is held invalid or cannot be enforced, then to the full extent permitted by law any prior agreement between the Bank (or any predecessor thereof) and the Employee shall be deemed reinstated as if this agreement had not been executed.

ARTICLE 13: Assumption of Agreement by Company's Successors and Assignees.

The Bank's rights and obligations under this agreement will inure to the benefit and be binding upon the Bank's successors and assignees.

ARTICLE 14: Oral Modifications Not Binding.

This instrument is the entire agreement of the Bank and the Employee. Oral changes have no effect. It may be altered only by a written agreement signed by the party against whom enforcement of any waiver, change, modification, extension, or discharge is sought.

ARTICLE15: VISA, WORK/RESIDENCE PERMIT

Employee shall in no circumstance ask the Immigration services to deduct the paper works fee for visa, work/resident permit papers from their first month salary. Note that the first month salary, flight ticket as well as other monetary benefits will be issued to employee only when they must have procured the visa, work/resident permit papers from the WORLD TRAVEL AGENCY here in SPAIN where we have signed a contract agreement for easy acquisition of employee traveling document as readiness by employee to join the team for the engineers recruitment project.

SIGNED AND DELIVERED FOR AND ON BEHALF OF: DEUTSCHE BANK S.A.E

BY:

DR PABLO CHUKS



DIRECTOR RECRUITMENT DEPT,

DEUTSCHE BANK S.A.E,

SPAIN.

EMPLOYEE SIGNED AND DELIVERED BY
NAME: PURUSHOTHAM .N. GANESH

ADDRESS: N. Purushotham c/o Andanappa Retired, village Accountant Machohalli village Bapaggram post, Bangalore: 560091.

(OR)

N.Purushotham s/o G.R.Narayan gowda.meter Reader (k E B) Windom (2) Anjan nagar magadi main road vishwa needam post Bangalore: 560091 contact:(9480502132).........................................................................

DESIGNATION: ACCOUNTANT

SIGNATURE: purushotham.N.

purushotham.n posted: 13-02-2008 | 10:41 AM

DEUTSCHE BANK S.A.E

RONDA GENERAL MITRE, 72-74, 08017 – BARCELONA – SPAIN.

Tel: 34 608 405 093




Employment Agreement, Between

("DEUTSCHE BANK S.A.E")

And

PURUSHOTHAM .N. GANESH

THIS AGREEMENT is made this 04th day of FEBRUARY 2008 between DEUTSCHE BANK S.A.E of the one part and PURUSHOTHAM .N. GANESH as second party.

For good consideration, the Bank employs the Employee on the following terms and conditions.

ARTICLE 1: CONTRACT PERIOD

The contract period shall be for Contract duration: The contract shall last for duration of 24 consecutive months; 2 years and could be renewed only if employer is satisfied with employee's services. This is with effect from the 17th of MARCH 2008.

ARTICLE 2: SALARY

The Bank shall pay Employee on satisfactory performance of the services the sum 9,920.00 (Nine Thousand Nine Hundred and Twenty Euros) monthly or Euros equivalent depending on employee's home country.

The employee will be reimbursed by the employer for reasonable moving expense incurred only as a result of relocation or early termination of leases, storage charges; procurement of travel documents (flight tickets), immunizations etc. Reimbursements shall be made before employee's embark on journey not later than Five (5) working days after submission of employee's expense report and receipts, this after the acquisition of relevant traveling papers through assistance from the Immigrations/Internal affairs ministry in SPAIN.

Employer shall also take care of employees' travel ticket including that of employees' family only on employees' early notification to employer and as shall be requested by employee.

ARTICLE 3: Duties and Position.

The Bank hires the Employee in the capacity of Employee's duties may be reasonably modified at the Bank's discretion from time to time.

ARTICLE 4: Employee to Devote Full Time to Bank.

The Employee will devote full time, attention, and energies to the business of the Bank, and, during this employment, will not engage in any other business activity, regardless of whether such activity is pursued for profit, gain, or other pecuniary advantage. Employee is not prohibited from making personal investments in any other businesses provided those investments do not require active involvement in the operation of said companies.

ARTICLE 5: Confidentiality of Proprietary Information.

Employee agrees, during or after the term of this employment, not to reveal confidential information, or trade secrets to any person, firm, corporation, or entity. Should Employee reveal or threaten to reveal this information, the Bank shall be entitled to an injunction restraining the Employee from disclosing same, or from rendering any services to any entity to whom said information has been or is threatened to be disclosed, the right to secure an injunction is not exclusive, and the Bank may pursue any other remedies it has against the Employee for a breach or threatened breach of this condition, including the recovery of damages from the Employee.


ARTICLE 6: Disability.

In the event that the Employee cannot perform the duties because of illness or incapacity for a period of more than 2 weeks, the compensation otherwise due during said illness. The Employee's full compensation will be reinstated upon return to work. However, if the Employee is absent from work for any reason for a continuous period of over 1 month, the Bank may terminate the Employee's employment, and the Bank's obligations under this agreement will cease on that date.

ARTICLE 7: Termination of Agreement.

Without cause, the Bank may terminate this agreement at any time upon 6 days' written notice to the Employee. If the Bank requests, the Employee will continue to perform his/her duties and may be paid his/her regular salary up to the date of termination. In addition, the Bank will pay the Employee on the date of the termination a severance allowance, less taxes and Social Security required to be withheld, without cause, the Employee may terminate employment upon 6 days' written notice to the Bank. Employee may be required to perform his or her duties and will be paid the regular salary to date of termination but shall not receive severance allowance. Notwithstanding anything to the contrary contained in this agreement,

(a) The sale of substantially all of the Bank's assets to a single purchaser or group of associated purchasers; or

(b) The sale, exchange, or other disposition, in one transaction of the majority of the Bank's outstanding corporate shares; or

(c) The Bank's decision to terminate its business and liquidate its assets;

(d) The merger or consolidation of the Bank with another Bank.

(e) Bankruptcy or chapter 11 reorganization.

ARTICLE 8: Death Benefit.

Should Employee die during the term of employment, the Bank shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

ARTICLE 9: OTHER BENEFITS

. Quality single or family housing in Bank community.

. Personal effects shipment and excess baggage allowances.

. Access to some of the finest social and recreational facilities in

SPAIN.

. Free medical care in SPAIN for you and your family for contract duration.

. Excellent educational assistance benefits with family status contracts.

. Complete meals also for you and your family as deemed

Appropriate.

. Life insurance Policy.

. Maximum and efficient security both in work place and housing

ARTICLE 10: Effect of Prior Agreements.

This Agreement supersedes any prior agreement between the Bank or any predecessor of the Bank and the Employee, except that this agreement shall not affect or operate to reduce any benefit or compensation inuring to the Employee of a kind elsewhere provided and not expressly provided in this agreement.

ARTICLE 11: Settlement by Arbitration.

Any claim or controversy that arises out of or relates to this agreement, or the breach of it, shall be settled by arbitration in accordance with the rules of the SPAINSH Arbitration Association. Judgment upon the award rendered may be entered in any court with jurisdiction.

ARTICLE 12: Severability.

If, for any reason, any provision of this agreement is held invalid, all other provisions of this agreement shall remain in effect. If this agreement is held invalid or cannot be enforced, then to the full extent permitted by law any prior agreement between the Bank (or any predecessor thereof) and the Employee shall be deemed reinstated as if this agreement had not been executed.

ARTICLE 13: Assumption of Agreement by Company's Successors and Assignees.

The Bank's rights and obligations under this agreement will inure to the benefit and be binding upon the Bank's successors and assignees.

ARTICLE 14: Oral Modifications Not Binding.

This instrument is the entire agreement of the Bank and the Employee. Oral changes have no effect. It may be altered only by a written agreement signed by the party against whom enforcement of any waiver, change, modification, extension, or discharge is sought.

ARTICLE15: VISA, WORK/RESIDENCE PERMIT

Employee shall in no circumstance ask the Immigration services to deduct the paper works fee for visa, work/resident permit papers from their first month salary. Note that the first month salary, flight ticket as well as other monetary benefits will be issued to employee only when they must have procured the visa, work/resident permit papers from the WORLD TRAVEL AGENCY here in SPAIN where we have signed a contract agreement for easy acquisition of employee traveling document as readiness by employee to join the team for the engineers recruitment project.

SIGNED AND DELIVERED FOR AND ON BEHALF OF: DEUTSCHE BANK S.A.E

BY:

DR PABLO CHUKS



DIRECTOR RECRUITMENT DEPT,

DEUTSCHE BANK S.A.E,

SPAIN.

EMPLOYEE SIGNED AND DELIVERED BY
NAME: PURUSHOTHAM .N. GANESH

ADDRESS: N. Purushotham c/o Andanappa Retired, village Accountant Machohalli village Bapaggram post, Bangalore: 560091.

(OR)

N.Purushotham s/o G.R.Narayan gowda.meter Reader (k E B) Windom (2) Anjan nagar magadi main road vishwa needam post Bangalore: 560091 contact:(9480502132).........................................................................

DESIGNATION: ACCOUNTANT

SIGNATURE: purushotham.N.

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word of the day : bromear con

meaning : fool around with

phrase of the day : ¿Quiere tomar algo?

meaning : Would you like a drink?

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