Document:

EX-10.7

 Exhibit 10.7 

February 1, 2013 
 Mr. Sandeep Chopra

 [Address] 
 SUB: APPOINTMENT LETTER

 Dear Sandeep: 
 With reference to your application
and subsequent interviews you have had recently regarding your appointment with Azure Power India Pvt. Ltd. having its registered office at New Delhi (hereinafter referred to as “Azure” which shall mean and include the said company, its
executors, assigns and successors-in-interest). 
 We are pleased to offer you a position in our organization on the following terms and conditions. 

 

	1.	Appointment/Designation 

 You are being appointed as “Head – Strategy” w.e.f 1st May 2013. (May 6, 2013) 
 WHEREAS 

 

	•	 	The Company is engaged with the business of generation and production of solar energy and electricity. 

  

	•	 	The Employee has represented to the Company that he/she has the requisite knowledge, expertise, experience and skill to render the services in relation to the requirements of such person under the terms of this
Agreement. 

  

	•	 	The Company has, based on the aforesaid representations made by the Employee, agreed to retain the services of the Employment for the consideration and subject to the terms and conditions herein contained.

  

	2.	Salary 

 You will be entitled to a Fixed Salary of Rs.62 Lacs/ annum, additionally a Variable component
which is upto 16 Lacs/annum. Which includes salary and other allowances/ reimbursements as prescribed for the post. Please note that all payments will be strictly as per the rules and regulations as defined under the Income Tax Act, 1961 and other
related statutes, and any subsequent modifications. The management reserves the right to merge, bifurcate or modify the salary structure at any time at its sole discretion keeping the CTC same. 

ESOP: Subject to the approval of the board you will be granted 1300 shares of ESOP as per company stock grant policy. 

You, your spouse and two children will be covered under the Mediclaim policy provided by the company. 

The Personal accident policy provided by Azure for you accords cover upto Rs. 50 Lacs 

 

	3.	Performance Management/Appraisals 

 Performance management/Appraisals are designed to foster mutual
understanding about job responsibilities, job interest and career objectives between the employees and their supervisors, share employee concerns and problems set mutually agreeable goals and targets for the nest review period. 

	4.	Job Responsibilities 

 You will be a part of the Business Development & Finance and Accounts
Department at Azure. Your responsibilities will include, however not be limited to: 
  

	•	 	Research of existing business models for Solar Power generation world-wide. 

  

	•	 	Research of policy frame works and incentives available in India for Solar Power development 

  

	•	 	Development of profitable business models for Solar Power Generation in grid connected and off-grid markets in India. 

  

	•	 	Identification and advocacy of policy and financing hurdles for Solar Power development. 

  

	•	 	Pilot implementation of innovative business ideas in both grid and off-grid markets. 

  

	•	 	Development of business plans for successful pilots for scale-up of the new business line. 

 Your duties and
responsibilities will be discussed with you in detail at the time of joining and may be re-assigned to you from time to time. You might be assigned additional responsibilities as and when required. We will continuously monitor your work performance
to ensure that you remain challenged and that our work program brings out the best in you. We look forward to deliverables that fully attest to your background and qualifications. You shall abide by such rules and regulations, directions,
instructions or orders of the Company, in this regard, as are issued or communicated from time to time. 
  

	5.	Medical Fitness 

 Your appointment and continuance will be subject to your being medically fit for
job/work and the management will have the right to get you examined from the company’s Medical Practioner, whose finding shall be final and binding upon you. 
  

	6.	Transferability 

  

	 	1)	Your services may be transferred from one job/position/location to another, from one department to another or from the appointing company to any other company/ division of Azure, whether existing at present or to be set
up in future anywhere in India or abroad. 

  

	 	2)	In such a case, you will be governed by the rules, regulation, and orders as applicable in the establishment to which you have been transferred, including conditions and rules covering Working Hours, Leave, Holidays
Salary, Allowances and perquisites. 

  

	7.	Leaves 

 All leaves shall be in accordance with the Company’s policy and would require prior
sanction/ approval of the sanctioning authority. In case of sick leave or casual leave or any other leave taken under unforeseen circumstances, for which prior approval is not possible, immediate information by telephone will be required to be sent
to the sanctioning authority. The necessary written approval is to be taken on your next working day and mailed to HRD. In case you fail to do so, Management will have the right to take action against you under the rules of the Company. 

 

	8.	Termination from Service 

 If you shall be found engaged in or abetting immoral, illegal
or other activities against the interests of the organization or its employees or found absent for more than seven consecutive working days without prior permission in writing of the management or if you proceed on leave without prior sanction or
overstay the sanctioned leave without proper intimation and/or approval, at the discretion of the Azure management, your service may automatically come to an end and a presumption will be drawn that you have abandoned the employment/service on your
own accord by losing lien on the post and under such circumstances you will lose all rights to any compensation or other payables due to you after proper adjustments. 

 
Further, notwithstanding anything contained in this Agreement, the Company shall be entitled to terminate this Agreement forthwith in the event of: 

8.1 any breach of integrity, act of dishonesty, embezzlement or any misconduct by the Employee or in case of breach of the terms, conditions
or stipulations contained in this Agreement, by the Employee; 
 8.2. the Employee’s disobedience, willful refusal, willful or
negligent failure, or unsatisfactory performances to perform duties reasonably assigned by the Company after being provided notice by the Company and a reasonable opportunity to cure such breach in a manner satisfactory to the Company; 

8.3. the Employee being convicted of any criminal offence or committing fraud against, or the misappropriation of material property belonging
to the Company; 
 8.4. the Employee breaching in any material respect the terms of this Agreement, any organizational documents of the
Company, or any other material agreement of the Company, and failing to cure such breach in a manner satisfactory to the Company within ten (10) days after receipt of notice by the Company; 

8.5. any material violation by the Employee of the Company’s policies prohibiting harassment of employees, any violation by the Employee
of an engagement policy of the Company which results in material liability to the Company, or any act or omission which materially damages the Company’s business or assets; or 

8.6. any other action or inaction on the part of the Employee that would constitute adequate cause for termination pursuant to applicable law
and regulations. 
  

	9.	Relinquishing Service / Relieving 

 Both the parties to the contract may terminate the
contract of employment by giving six months’ notice in writing or salary in lieu of the notice period. However, if you choose to terminate this relationship, the company reserves the right to relive you at its sole discretion before the expiry
of the notice period without any liability towards the payment of salary/emoluments etc. 
  

	 	1.	After confirmation if the management perceives the services of the employee are undesirable for the organization they may be terminated on an immediate basis without assigning any reason whatsoever. In this situation
the employee will not be entitled to any salary/wages/expense reimbursement whatsoever. 

  

	 	2.	The basic salary is taken into consideration for the calculation of the salary in lieu of the notice period i.e. all full and final settlements. 

 

	10.	Job Assignments 

 You may, during the course of your employment, be given any assignment
that may derive from the Company’s business needs as defined from time to time by your reporting manager and the Azure management. Such management shall give you any assignment that they, in their subjective judgment, feel is suited to your
background, qualifications or experience. You will not refuse to carry out any assignment solely on the grounds that it has not been part of your usual duties during your employment. You will also not be entitled to any additional compensation for
carrying out any job, which in the opinion of the Management is equivalent to the job you have been assigned earlier. 

	11.	Other General Terms of Employment 

  

	 	1)	The employee shall not be associated in any whatsoever with any competitor company for a period of at least 12 months after departure from Azure. 

 

	 	2)	The Employee shall while employed with the Company devote his entire time; attention and abilities to the business of the Company. However, the Employee shall be entitled to devote time to such activities or engagements
(being inter alia in the nature of product sales/ development etc.) that are not only beneficial to the Company but are also carried out in a manner that is not detrimental to the interests of the Company, and which are undertaken with the prior
approval of the board of directors of the Company. The Employee agrees to use his best efforts in the performance of his duties and responsibilities and shall perform all of his duties with due care, skill and diligence. 

 

	 	3)	The Company’s will impart to you training, and may expose you to vital, significant business information, and trade secrets, divulgence thereof could adversely affect the interests of the Company. Any and all
information you are exposed to during your probation period, training and/or employment and thereafter that is related to the Company’s business, operation, commercial, technical and/or other interests, whether in oral or in written form,
including but not limited to documentation, scientific, designs, software, prototypes, product descriptions, technical or business information, ideas, discoveries, inventions, specifications, formulas, processes, programs, plans, drawings, models,
network configuration and rights-of-way, requirements, standards, financial and non-financial data, marketing, trade secrets, know-how, customer lists, prices, as well as any and all intellectual and industrial property rights contained therein
and/or in relation thereto shall be considered as Strictly Confidential. Hence you will not, during employment with the Company in terms of this letter (except so far as may be proper in the ordinary course of business and in the interest of the
Company or at any time thereafter) divulge any information in any way whatsoever relating to the Company or its business and/or any of its customer and/or any other information, data and or any sketches, drawings, specifications etc. which may come
to your knowledge relating to the Company’s business in the course of your employment. You shall always maintain strict secrecy regarding any technical, commercial, operational or other business information gained or acquired by you or imparted
to you in course of or after your employment. Any violation in this regard will make you liable for attendant consequential actions against you including termination without any further reference on the subject for which you will be solely
responsible. 

  

	 	4)	The assets/data given to you are exclusive rights of the organization; you are only given the mere authorization to utilize the assets/data on behalf and for the organization. All data created by you during your
association with the company are also exclusive rights of the company. Upon resignation it is your primary duty to hand-over all these assets/data to your reporting manager assigned by the company and obtain the necessary clearances from your
department and subsequently the HRD. In case of any tampering or illegal usage of these assets/data or non-submission of the assets/data upon resignation, the company reserves all rights to initiate appropriate legal actions against you and you will
automatically loose all rights to any dues payable to you. 

  

	 	5)	All discoveries, inventions and designs of equipment and methods, which you may cause or come across or come in possession of during the course of your employment, shall be the property of the company.

  

	 	6)	In case Azure imparts High cost training to the employee, the employee shall be required to enter into a written agreement with Azure prior to the training and only after the agreement has been signed will the employee
be permitted to proceed for the training. 

	 	7)	The terms stated in clauses 11.1 and 11.2 shall survive the termination of your employment (whether willingly or unwillingly) for a period of one (1) year. 

 

	 	8)	You will not, during or at any time after the termination of your employment with this company, either on your own or on behalf of any other person, firm or company canvass, solicit or entice any of the company’s
customer or any other employee working in the company. In case you indulge in such type of activities, this will be treated as a breach of the terms & conditions of this letter of appointment. 

 

	 	9)	You will not carry on or be concerned with any business on your own or on behalf of anyone else directly or indirectly, nor shall you take on any other business or be associated with any other business with or without
remuneration during the course of your employment with this company. In case you holding any other position in any company, firm, entity you are required to immediately bring it to the notice of the company and relinquish such a position as if told
by the company to do so. You shall abide by such rules and regulation of the company as may be there in force from time to time. You shall at all times maintain absolute integrity and devotion to duty and conduct yourself in a manner conducive to
the best interest, credit, and prestige of the company. You shall not, at any time, work against the interest, credit, and prestige of the company or commit any act, which is unbecoming of an employee. Any act against the basic and universally
accepted understanding or any violation of any of these norms of behavior on your part will be viewed as misconduct and management will be competent to take disciplinary against you. 

 

	 	10)	You shall not enter into any financial relationship or receive any financial help or accept any favors or assistance of any kind, except in connection with and for the benefit the Company’s business, from any
suppliers, customers, and dealers of the company. 

  

	 	11)	This appointment will cease immediately, if any of the statement made or particulars given in your application/employment form are found to be false or incorrect in material particulars. 

 

	 	12)	This appointment letter along with the Annexure shall form the contract of employment between you and Azure (“Azure” or “The Company”). 

 

	 	13)	Failing to observe any of the condition of service, including those specified in the rules will amount to the misconduct of “Willful” disobedience of any lawful and reasonable order of a superior.

  

	 	14)	The Company with the consent of the employee has the right to vary, amend and modify an item of the pay packet without adversely affecting the total pay packet 

 

	 	15)	This appointment is based on the information given by you to us in your application/employee data form and during you evaluation process and shall be considered null and void of any material error/suppression in the
company’s opinion is discovered at any point of time. 

  

	 	16)	In case of any change in the address during the course of your employment it shall be your duty to intimate the same to the mgt/personnel department in writing within three days from such change in address.

  

	 	17)	All communications sent to you by the mgt. At your last given address shall be deemed to have been delivered to you at correct address. 

 

	 	18)	You will be responsible for the safe custody of the tools, equipment, documentation and any other items entrusted to you and in case of any damage or loss, the management shall have the right to deduct the same from
your salary/wages besides taking any other disciplinary action as may deemed fit and proper. 

	 	19)	In case of theft, fraud, dishonesty, drunkenness, fighting, riotous or disorderly behavior or conduct, smoking and spitting on the premises, gambling, damaging or destroying records, files papers or other information
(whether in tangible or non-tangible form), or properties of the company, impertinence, in subordination, 

  

	 	20)	threatening, assaulting or intimidating any superior officer/ manager/ Director, holding or organizing or taking part in any meeting, demonstration, illegal strike, unlawful and unjustified cessation of work or adopting
go slow tactics or refusal of work or attempt to incite or intimidate or force other workmen to go on strike in advance, habitual negligence in discharge of duties, using insulting words or abusive languages towards the superior/manager, vulgarity,
molestation of other employees, teasing and cutting indecent jokes or making indecent remarks towards other employees and any other act/omission/offence constituting misconduct is alleged against you in accordance with the provision of the standing
orders/service Rules of the company you may be placed under suspension pending enquiry and shall not be entitled to any form of salary/wages during the period of such suspension. 

 

	 	21)	If during the suspension enquiry or in accordance with the report of enquiry office your misconduct will be proved or you will be found guilty, your services will be liable to be terminated without giving notice or
compensation or wages in lieu of notice. 

  

	 	22)	You shall retire on attaining the age of 58 years. 

  

	12.	Verification 

 This appointment is based on the details provided by you to the Company.
Your appointment is subject to satisfactory verification of your character, antecedents, and testimonials. 
 You will be required to submit
the following prior to your first day of Employment with the Company 
  

	 	•	 	Completed Application Form 

  

	 	•	 	Copy of pay slip of your last month of employment 

  

	 	•	 	Copy of current/last employer’s Appointment Letter 

  

	 	•	 	Copy of all Degree and/or Professional Course certificates 

  

	 	•	 	Photocopy of Passport /Driving License/PAN card 

  

	 	•	 	Relieving Letter from last employer 

  

	 	•	 	4 Passport size photographs 

  

	13.	Joining 

 You shall take up your duties on or before the “1st of May, 2013” solely at your own expenses and will be reimbursed on the scheduled date as per the company policy. 

You will be reporting to the “CEO” and will be posted at “New Delhi”. 

This letter is being sent to you in duplicate. Please affix your signature on the duplicate copy in token of your acceptance of the salary,
perks & benefits as well as all other terms and conditions contained in this letter and return the same to us for our records within seven days from issue of this letter. 

We look forward to your favorable reply and to working with you at Azure 

Wishing you all the best... 
  

	
	Yours Sincerely
	
	/s/ Radhika Kapoor
	 Radhika Kapoor
 DGM – Human
Resources

 I “Name of Employee”, hereby declare that I had fully read and understood the terms & conditions enumerated
above to the best of my knowledge and belief. 
 I hereby agree & accept all the above terms and conditions. 

 

			
	/s/ Sandeep Chopra
	Signature of the Employee
		
	Name:	 	Sandeep Chopra
	Date:	 	1st February, 2013

 BREAKUP OF CTC 

NAME: Sandeep Chopra 
 DESIGNATION: Head - Strategy
Officer 
 COMPANY: Azure Power India Pvt. Ltd. 
  

									
	 Salary Components
	  	Monthly	 	  	Annual	 
	 Basic Salary
	  	 	3,42,558	  	  	 	41,10,694	  
	 House Rent Allowance
	  	 	1,71,279	  	  	 	20,55,346	  
	 Conveyance
	  	 	800	  	  	 	9,600	  
	 Medical Allowance/ Reimbursement
	  	 	1,250	  	  	 	15,000	  
	 Provident Fund (Company’s Share)
	  	 	780	  	  	 	9,360	  
		  	  
	  
	 	  	  
	  
	 
	 Total Salary Components (A)
	  	 	5,16,667	  	  	 	62,00,000	  
		  	  
	  
	 	  	  
	  
	 
	 Variable Component which is upto the defined limit (B)
	  				  	 	16,00,000	  
		  				  	  
	  
	 
	 Total Cost to the Company (A + B)
	  				  	 	78,00,000	  
		  				  	  
	  
	 

  

			
	/s/ Sandeep Chopra
	Signature of the Employee
		
	Name:	 	Sandeep Chopra
		
	Date:	 	1st February, 2013EX-10.8

 Exhibit 10.8 

This Agreement is made on this 1st day of November 2009 at New Delhi. The joining date is Feb 1st 2010.

 Between 
 Azure Power India Private
Limited, a company under the Companies Act, 1956 and having its registered office at A-11 kailash colony New Delhi -110048 (hereafter referred to as the “Company” which expression shall mean and include the said company,
its executors, assigns and successors- in-interest) of the First Part; 
 And 

Preet M S Sandhu, son of Mr. S.S. Sandhu residing at [Address] (which expression shall be deemed to mean and include his nominees, assigns and
successors) (hereinafter referred to as the “Employee”) of the Second Part. 
 WHEREAS 

 

	A.	The Company is engaged with the business of generation and production of solar energy and electricity. 

  

	B.	The Employee has represented to the Company that he/she has the requisite knowledge, expertise, experience and skill to render the services in relation to the requirements of such person under the terms of this
Agreement. 

  

	C.	The Company has, based on the aforesaid representations made by the Employee, agreed to retain the services of the Employment for the consideration and subject to the terms and conditions herein contained.

 In consideration for the mutual rights and obligations herein contained the parties agree as follows: 

 

	1.	Appointment 

 The Employee shall, on the date of this Agreement, be designated as the
Senior Vice President Project Development of the Company. The Employee shall while employed with the Company devote his entire time and attention and abilities to the business of the Company. However, the Employee shall be entitled to devote
time to such activities or engagements (being inter alia in the nature of product sales/ development etc) that are not only beneficial to the Company but are also carried out in a manner that is not detrimental to the interests of the
Company, and which are undertaken with the prior approval of the board of directors of the Company. The Employee agrees to use his best efforts in the performance of his duties and responsibilities and shall perform all of his duties with due care,
skill and diligence. 
  

	1.2	 Subject to clause 2.1 below, the Employee shall not, from the date of this Agreement, hold any position or perform any role that is or shall be in
conflict with his position as the Senior Vice President Project Development. If the Employee is holding any other position in any company, firm or entity, he/she shall bring the same to the notice of the

	 	
Company immediately, and shall relinquish such position if told by the Company to do so. 

  

	1.3	By executing this Agreement, the Employee agrees and covenants that he shall, at all times, be subject to and bound by the rules and regulations of the Company as may be in force from time to time or as may be brought
to his notice by the Company. Further, the Employee shall ensure that during the term of this Agreement, he shall not commit any act or misconduct, or commit any acts subversive to the discipline of the Company, or otherwise misbehave in a manner
that would be construed as being in violation of the rules and regulations of the Company for the time being in force. 

  

	2.	Non Compete and Non Solicit 

  

	2.1	The Employee hereby undertakes and ensures that all business opportunities known to him or made known to him at any time, with respect to and/or connected with the business of the Company are referred to the Board and
shall be undertaken in any other company only if the Board does not avail of such opportunity, in which event the Employee may undertake the said business opportunity through any other entity provided that in so undertaking the said business
opportunity, the Employee shall, at all times, ensure that the time spent by him on such other business opportunity not taken up by the Company shall not impede the performance of his services to the Company. 

 

	2.2	The Employee covenants and agrees that during the subsistence of this Agreement, he/she shall not, directly or indirectly attempt in any manner to solicit from any client/customer, except on behalf of the Company,
business of the type carried on by the Company or to persuade any person, firm or entity which is a client/customer of the Company to cease doing business or to reduce the amount of business which any such client/customer has customarily done or
might propose doing with the Company whether or not the relationship between the Company and such client/customer was originally established in whole or in part through his or its efforts. 

 

	2.3	The Employee shall make full and true disclosure in writing to the Company of any direct or indirect interest or benefit that he/she has derived or is likely to derive through or in connection with any contractual
arrangements, dealings, transactions or affairs of the Company, or any transactions which are likely to be detrimental to the Company. 

  

	2.4	The Employee acknowledges that the services he is to render to the Company are of a special and unusual character, with a unique value to the Company, the loss of which cannot adequately be compensated by damages or an
action at law. In view of the unique value to the Company of his services for which the Company has contracted hereunder, because of the confidential information to be obtained by, or disclosed to, the Employee covenants and agrees that during the
term of employment and during the for a period of one year thereafter but subject to clause 2.1 above, the Employee shall not, directly or indirectly, enter into the employment of, tender consulting or other services to, acquire any interest in
(whether for the Employee’s own account as an individual proprietor, or as a partner, associate, stockholder, officer, director, trustee or otherwise), or otherwise participate in any business that competes, directly or indirectly, with any of
the companies or entities (i) in the same lines of business that the Company is engaged in at the time the Employee’s employment is terminated. 

	2.5	During and for one year following termination of employment (i) the Employee may not solicit, encourage, or induce or attempt to solicit, encourage, or induce any (A) current employee, marketing agent, or consultant of
the Company to terminate his or her employment, agency, or consultancy with the Company or any (B) prospective employee with whom the Company has had discussions or negotiations within six months prior to the Employee’s termination of
employment not to establish a relationship with the Company, (ii) induce or attempt to induce any current customer to terminate its relationship with any of the Company or (iii) induce any potential customer with whom the Company has had discussions
or negotiations within [six months] prior to the Employee’s termination of employment not to establish a relationship with the Company. 

  

	3.	Confidentiality 

  

	3.1	The Employee recognizes that he is being hired in a position of trust and confidence with the Company and will in the course of his employment with the Company, be exposed to various items of secret and confidential
information that are proprietary to the Company. The Employee acknowledges that the Company needs to protect such secret and confidential information, covenants to hold any such information in trust for the Company and undertakes not to disclose
such information to any third party. 

  

	3.2	The Employee represents that his performance of the terms of this Agreement and his employment with the Company does not and will not breach any agreement to keep in confidence information previously acquired by him in
confidence from any third party. The Employee has not entered into, and agrees, subject to clause 2.1 above, not to enter into, any agreement in conflict with this Agreement or which in any way prohibits his performance of or restricts his ability
to perform his obligations under this Agreement. The Employee has not brought, and agrees he/she will not bring, with him/her to the Company for use in his/her employment with the Company any materials or documents of a former employer or any other
person or entity for whom he/she has provided services (paid or unpaid) that are not generally available to the public unless he/she has obtained express written authorization from the former employer or other person or entity for whom he/she has
provided such services for their possession and use. 

  

	4.	Intellectual Property 

  

	4.1	The Employee acknowledges that ownership of, and all right, title, and interest in, all the trademarks, trade names, brand names, patents, designs, domain names and other intellectual property rights created by the
Employee expressly for the Company (“Intellectual Properties”) shall vest in the Company. 

  

	4.2	The Employee expressly agrees that all Intellectual Properties created by the Employee expressly for the Company shall be a “work for hire” under the laws of any jurisdiction. In any event, the Employee hereby
transfers and shall be deemed to have assigned in favour of the Company, all rights, title and interest in and to all the Intellectual Properties, together with the rights to sublicense or transfer any and all rights assigned hereunder to third
parties, in perpetuity as and when the same come into existence. The Employee shall assist and cooperate with the Company in perfecting the Company’s rights in the Intellectual Properties. 

	4.3	The Employee shall not during the continuation of this Agreement or thereafter, divulge or make use of any trade secret or confidential information concerning the business of the Company or any of its dealings,
transactions and affairs or any information concerning any of its suppliers, agents, distributors or customers which the Employee possesses or comes into possession while in the employment of the Company or which he may make or discover while in the
service of the Company and the Employee shall also use his best endeavour to prevent any other person from doing so. All data, documents, plans, drawings, photographs, reports, statements, correspondence, etc. and technical information, know-how and
instructions as well as business details or commercial policies that pass to the Employee or which come to the Employee’s knowledge shall be treated as confidential and the Employee shall be bound to keep secret all such confidential matters
including papers and documents, computer floppies, CDs containing the same and shall not disclose, communicate, reproduce or distribute the same or copies thereof to anyone except in the course of the rightful discharge of his duties as the chief
executive officer of the Company. 

  

	4.4	The Employee represents and warrants that he/she will keep all Intellectual Properties created by the Employee expressly for the Company, in strict confidence and shall use the same only for the purpose of the business
and benefit of the Company and for no other purpose, except with prior written consent of the Company. 

  

	4.5	The Employee further represents and warrants that all the Intellectual Properties created by the Employee expressly for the Company are original, and that the Employee possesses all rights necessary to effectuate the
transfer of the rights as contemplated above. Nothing contained herein shall apply in the event of any innocent infringement. 

  

	4.6	The Employee shall forthwith communicate to the Company and transfer to it the exclusive benefits of all inventions, processes, improvements, and any other discoveries which the Employee may make or discover in the
course of his association with the Company, relating to any trade or business of the Company and will give full information as to the exact mode of working and using the same and also all such explanations and instructions to the officers and
workmen of the Company as may be necessary to enable them to work effectively and will at the expense of the Company furnish it with all necessary plans, drawing and models. 

 

	4.7	 The Employee expressly agrees that all Intellectual Properties created by the Employee expressly for the Company shall be under a contract of service.
In consideration of his employment with the Company, the Employee hereby transfers and shall be deemed to have assigned in favour of the Company, all rights, title and interest in and to all the Intellectual Properties, together with the rights to
sublicense or transfer any and all rights assigned hereunder to third parties, in perpetuity. The Employee agrees that such assignment shall be perpetual, worldwide and royalty free. The Employee agrees that notwithstanding the provisions of Section
19(4) of the Copyright Act, 1957, such assignment in so far as it relates to copyrightable material shall not lapse nor the rights transferred therein revert to the Employee, even if the Company does not exercise the rights under the assignment
within a period of one year from the date of assignment. The Employee acknowledges and agrees that he shall waive any right to and shall not raise any objection or claims to the Copyright Board with respect to the assignment, pursuant to Section 19A
of the Copyright Act, 1957. The Employee shall assist and 

	 	
cooperate with the Company in perfecting the Company’s rights in the Intellectual Properties. 

  

	4.8	The Employee shall, whenever requested so to do by the Company whether during or after the termination of his employment hereunder, at the cost of the Company execute and sign any and all applications, assignments and
other instruments which the Company may deem necessary or advisable in order to obtain protection for the aforesaid improvements, inventions and discoveries in such countries as the Company may direct and to vest in the Company the whole, right,
title and interest therein. 

  

	5.	Termination 

  

	5.1	The term of the Employee’s employment with the Company shall commence from 1st Feb, 2010 and shall continue until termination in accordance with this clause 5 of
this Agreement. 

  

	5.2	Notwithstanding anything contained in this Agreement, the Company shall be entitled to terminate this Agreement forthwith in the event of: 

 

	 	(a)	any breach of integrity, act of dishonesty, embezzlement or any misconduct by the Employee or in case of breach of the terms, conditions or stipulations contained in this Agreement, by the Employee; 

 

	 	(b)	the Employee’s wilful refusal, or wilful or negligent failure, to perform duties reasonably assigned by the Company after being provided notice by the Company and a reasonable opportunity to cure such breach in a
manner satisfactory to the Company; 

  

	 	(c)	the Employee being convicted of any criminal offence or committing fraud against, or the misappropriation of material property belonging to the Company; 

 

	 	(d)	the Employee breaching in any material respect the terms of this Agreement, any organizational documents of the Company, or any other material agreement of the Company, and failing to cure such breach in a manner
satisfactory to the Company within ten (10) days after receipt of notice by the Company; 

  

	 	(e)	any material violation by the Employee of the Company’s policies prohibiting harassment of employees, any violation by the Employee of an engagement policy of the Company which results in material liability to the
Company, or any act or omission which materially damages the Company’s business or assets; or 

  

	 	(f)	any other action or inaction on the part of the Employee that would constitute adequate cause for termination pursuant to applicable law and regulations 

 

	5.3	This Agreement may be terminated by the Company or the Employee upon rendering six months’ prior notice or six months’ salary in lieu of the notice. In case the final settlement is less than the amount due to
the Employee, the Employee will have to pay the balance amount to the Company before exit of the Employee from the Company. 

	5.4	The Employee shall hand over all documents and materials constituting the property of the Company, including any proprietary and confidential information, which may be in the possession of the Employee at the time of
termination of this Agreement. 

  

	6.	Miscellaneous 

  

	6.1	The waiver by either Party hereto of a breach of any provision of this Agreement by the other Party shall not operate or be construed as a waiver of any subsequent breach by the waiving Party. 

 

	6.2	This Agreement shall be governed by and construed and enforced in accordance with the laws of India. 

  

	6.3	If any provision of this Agreement as applied to either Party or to any circumstances shall be adjudged by a Court of competent jurisdiction to be void or unenforceable, the same shall in no way affect any of the other
provisions of this Agreement or the validity or enforceability of this Agreement. 

  

	6.4	Any dispute shall be resolved by reference to the court of competent jurisdiction over the subject matter of the dispute. The Parties hereby agree to submit themselves to the jurisdiction of the courts in New Delhi.

  

					
	Mr. Preet MS Sandhu	  		 	Azure Power India Private Limited
			
	 [ILLEGIBLE]
	  		 	 [ILLEGIBLE]

		  		 	By
			
		  		 	  

		  		 	Name
			
		  		 	  

		  		 	Title
			
	 [ILLEGIBLE]
	  		 	  

	Witness [ILLEGIBLE]	  		 	Witness

 This Agreement is made on this 1st day of November 2009 at New Delhi. The joining date is Feb 1st 2010. 
 Between 

Azure Power India Private Limited, a company under the Companies Act, 1956 and having its registered office at A-11 kailash colony New Delhi
-110048 (hereafter referred to as the “Company” which expression shall mean and include the said company, its executors, assigns and successors- in-interest) of the First Part; 

And 
 Preet M S Sandhu, son of Mr. S.S.
Sandhu residing at [Address] (which expression shall be deemed to mean and include his nominees, assigns and successors) (hereinafter referred to as the “Employee”) of the Second Part. 

WHEREAS 
  

	A.	The Company is engaged with the business of generation and production of solar energy and electricity. 

  

	B.	The Employee has represented to the Company that he/she has the requisite knowledge, expertise, experience and skill to render the services in relation to the requirements of such person under the terms of this
Agreement. 

  

	C.	The Company has, based on the aforesaid representations made by the Employee, agreed to retain the services of the Employment for the consideration and subject to the terms and conditions herein contained.

 In consideration for the mutual rights and obligations herein contained the parties agree as follows: 

 

	1.	Appointment 

 The Employee shall, on the date of this Agreement, be designated as the
Senior Vice President Project Development of the Company. The Employee shall while employed with the Company devote his entire time and attention and abilities to the business of the Company. However, the Employee shall be entitled to devote
time to such activities or engagements (being inter alia in the nature of product sales/ development etc) that are not only beneficial to the Company but are also carried out in a manner that is not detrimental to the interests of the
Company, and which are undertaken with the prior approval of the board of directors of the Company. The Employee agrees to use his best efforts in the performance of his duties and responsibilities and shall perform all of his duties with due care,
skill and diligence. 
  

	1.2	 Subject to clause 2.1 below, the Employee shall not, from the date of this Agreement, hold any position or perform any role that is or shall be in
conflict with his position as the Senior Vice President Project Development. If the Employee is holding any other position in any company, firm or entity, he/she shall bring the same to the notice of the

	 	
Company immediately, and shall relinquish such position if told by the Company to do so. 

  

	1.3	By executing this Agreement, the Employee agrees and covenants that he shall, at all times, be subject to and bound by the rules and regulations of the Company as may be in force from time to time or as may be brought
to his notice by the Company. Further, the Employee shall ensure that during the term of this Agreement, he shall not commit any act or misconduct, or commit any acts subversive to the discipline of the Company, or otherwise misbehave in a manner
that would be construed as being in violation of the rules and regulations of the Company for the time being in force. 

  

	2.	Non Compete and Non Solicit 

  

	2.1	The Employee hereby undertakes and ensures that all business opportunities known to him or made known to him at any time, with respect to and/or connected with the business of the Company are referred to the Board and
shall be undertaken in any other company only if the Board does not avail of such opportunity, in which event the Employee may undertake the said business opportunity through any other entity provided that in so undertaking the said business
opportunity, the Employee shall, at all times, ensure that the time spent by him on such other business opportunity not taken up by the Company shall not impede the performance of his services to the Company. 

 

	2.2	The Employee covenants and agrees that during the subsistence of this Agreement, he/she shall not, directly or indirectly attempt in any manner to solicit from any client/customer, except on behalf of the Company,
business of the type carried on by the Company or to persuade any person, firm or entity which is a client/customer of the Company to cease doing business or to reduce the amount of business which any such client/customer has customarily done or
might propose doing with the Company whether or not the relationship between the Company and such client/customer was originally established in whole or in part through his or its efforts. 

 

	2.3	The Employee shall make full and true disclosure in writing to the Company of any direct or indirect interest or benefit that he/she has derived or is likely to derive through or in connection with any contractual
arrangements, dealings, transactions or affairs of the Company, or any transactions which are likely to be detrimental to the Company. 

  

	2.4	The Employee acknowledges that the services he is to render to the Company are of a special and unusual character, with a unique value to the Company, the loss of which cannot adequately be compensated by damages or an
action at law. In view of the unique value to the Company of his services for which the Company has contracted hereunder, because of the confidential information to be obtained by, or disclosed to, the Employee covenants and agrees that during the
term of employment and during the for a period of one year thereafter but subject to clause 2.1 above, the Employee shall not, directly or indirectly, enter into the employment of, tender consulting or other services to, acquire any interest in
(whether for the Employee’s own account as an individual proprietor, or as a partner, associate, stockholder, officer, director, trustee or otherwise), or otherwise participate in any business that competes, directly or indirectly, with any of
the companies or entities (i) in the same lines of business that the Company is engaged in at the time the Employee’s employment is terminated. 

	2.5	During and for one year following termination of employment (i) the Employee may not solicit, encourage, or induce or attempt to solicit, encourage, or induce any (A) current employee, marketing agent, or consultant of
the Company to terminate his or her employment, agency, or consultancy with the Company or any (B) prospective employee with whom the Company has had discussions or negotiations within six months prior to the Employee’s termination of
employment not to establish a relationship with the Company, (ii) induce or attempt to induce any current customer to terminate its relationship with any of the Company or (iii) induce any potential customer with whom the Company has had discussions
or negotiations within [six months] prior to the Employee’s termination of employment not to establish a relationship with the Company. 

  

	3.	Confidentiality 

  

	3.1	The Employee recognizes that he is being hired in a position of trust and confidence with the Company and will in the course of his employment with the Company, be exposed to various items of secret and confidential
information that are proprietary to the Company. The Employee acknowledges that the Company needs to protect such secret and confidential information, covenants to hold any such information in trust for the Company and undertakes not to disclose
such information to any third party. 

  

	3.2	The Employee represents that his performance of the terms of this Agreement and his employment with the Company does not and will not breach any agreement to keep in confidence information previously acquired by him in
confidence from any third party. The Employee has not entered into, and agrees, subject to clause 2.1 above, not to enter into, any agreement in conflict with this Agreement or which in any way prohibits his performance of or restricts his ability
to perform his obligations under this Agreement. The Employee has not brought, and agrees he/she will not bring, with him/her to the Company for use in his/her employment with the Company any materials or documents of a former employer or any other
person or entity for whom he/she has provided services (paid or unpaid) that are not generally available to the public unless he/she has obtained express written authorization from the former employer or other person or entity for whom he/she has
provided such services for their possession and use. 

  

	4.	Intellectual Property 

  

	4.1	The Employee acknowledges that ownership of, and all right, title, and interest in, all the trademarks, trade names, brand names, patents, designs, domain names and other intellectual property rights created by the
Employee expressly for the Company (“Intellectual Properties”) shall vest in the Company. 

  

	4.2	The Employee expressly agrees that all Intellectual Properties created by the Employee expressly for the Company shall be a “work for hire” under the laws of any jurisdiction. In any event, the Employee hereby
transfers and shall be deemed to have assigned in favour of the Company, all rights, title and interest in and to all the Intellectual Properties, together with the rights to sublicense or transfer any and all rights assigned hereunder to third
parties, in perpetuity as and when the same come into existence. The Employee shall assist and cooperate with the Company in perfecting the Company’s rights in the Intellectual Properties. 

	4.3	The Employee shall not during the continuation of this Agreement or thereafter, divulge or make use of any trade secret or confidential information concerning the business of the Company or any of its dealings,
transactions and affairs or any information concerning any of its suppliers, agents, distributors or customers which the Employee possesses or comes into possession while in the employment of the Company or which he may make or discover while in the
service of the Company and the Employee shall also use his best endeavour to prevent any other person from doing so. All data, documents, plans, drawings, photographs, reports, statements, correspondence, etc. and technical information, know-how and
instructions as well as business details or commercial policies that pass to the Employee or which come to the Employee’s knowledge shall be treated as confidential and the Employee shall be bound to keep secret all such confidential matters
including papers and documents, computer floppies, CDs containing the same and shall not disclose, communicate, reproduce or distribute the same or copies thereof to anyone except in the course of the rightful discharge of his duties as the chief
executive officer of the Company. 

  

	4.4	The Employee represents and warrants that he/she will keep all Intellectual Properties created by the Employee expressly for the Company, in strict confidence and shall use the same only for the purpose of the business
and benefit of the Company and for no other purpose, except with prior written consent of the Company. 

  

	4.5	The Employee further represents and warrants that all the Intellectual Properties created by the Employee expressly for the Company are original, and that the Employee possesses all rights necessary to effectuate the
transfer of the rights as contemplated above. Nothing contained herein shall apply in the event of any innocent infringement. 

  

	4.6	The Employee shall forthwith communicate to the Company and transfer to it the exclusive benefits of all inventions, processes, improvements, and any other discoveries which the Employee may make or discover in the
course of his association with the Company, relating to any trade or business of the Company and will give full information as to the exact mode of working and using the same and also all such explanations and instructions to the officers and
workmen of the Company as may be necessary to enable them to work effectively and will at the expense of the Company furnish it with all necessary plans, drawing and models. 

 

	4.7	 The Employee expressly agrees that all Intellectual Properties created by the Employee expressly for the Company shall be under a contract of service.
In consideration of his employment with the Company, the Employee hereby transfers and shall be deemed to have assigned in favour of the Company, all rights, title and interest in and to all the Intellectual Properties, together with the rights to
sublicense or transfer any and all rights assigned hereunder to third parties, in perpetuity. The Employee agrees that such assignment shall be perpetual, worldwide and royalty free. The Employee agrees that notwithstanding the provisions of Section
19(4) of the Copyright Act, 1957, such assignment in so far as it relates to copyrightable material shall not lapse nor the rights transferred therein revert to the Employee, even if the Company does not exercise the rights under the assignment
within a period of one year from the date of assignment. The Employee acknowledges and agrees that he shall waive any right to and shall not raise any objection or claims to the Copyright Board with respect to the assignment, pursuant to Section 19A
of the Copyright Act, 1957. The Employee shall assist and 

	 	
cooperate with the Company in perfecting the Company’s rights in the Intellectual Properties. 

  

	4.8	The Employee shall, whenever requested so to do by the Company whether during or after the termination of his employment hereunder, at the cost of the Company execute and sign any and all applications, assignments and
other instruments which the Company may deem necessary or advisable in order to obtain protection for the aforesaid improvements, inventions and discoveries in such countries as the Company may direct and to vest in the Company the whole, right,
title and interest therein. 

  

	5.	Termination 

  

	5.1	The term of the Employee’s employment with the Company shall commence from 1st Feb, 2010 and shall continue until termination in accordance with this clause 5 of
this Agreement. 

  

	5.2	Notwithstanding anything contained in this Agreement, the Company shall be entitled to terminate this Agreement forthwith in the event of: 

 

	 	(a)	any breach of integrity, act of dishonesty, embezzlement or any misconduct by the Employee or in case of breach of the terms, conditions or stipulations contained in this Agreement, by the Employee; 

 

	 	(b)	the Employee’s wilful refusal, or wilful or negligent failure, to perform duties reasonably assigned by the Company after being provided notice by the Company and a reasonable opportunity to cure such breach in a
manner satisfactory to the Company; 

  

	 	(c)	the Employee being convicted of any criminal offence or committing fraud against, or the misappropriation of material property belonging to the Company; 

 

	 	(d)	the Employee breaching in any material respect the terms of this Agreement, any organizational documents of the Company, or any other material agreement of the Company, and failing to cure such breach in a manner
satisfactory to the Company within ten (10) days after receipt of notice by the Company; 

  

	 	(e)	any material violation by the Employee of the Company’s policies prohibiting harassment of employees, any violation by the Employee of an engagement policy of the Company which results in material liability to the
Company, or any act or omission which materially damages the Company’s business or assets; or 

  

	 	(f)	any other action or inaction on the part of the Employee that would constitute adequate cause for termination pursuant to applicable law and regulations 

 

	5.3	This Agreement may be terminated by the Company or the Employee upon rendering six months’ prior notice or six months’ salary in lieu of the notice. In ease the final settlement is less than the amount due to
the Employee, the Employee will have to pay the balance amount to the Company before exit of the Employee from the Company. 

	5.4	The Employee shall hand over all documents and materials constituting the property of the Company, including any proprietary and confidential information, which may be in the possession of the Employee at the time of
termination of this Agreement. 

  

	6.	Miscellaneous 

  

	6.1	The waiver by either Party hereto of a breach of any provision of this Agreement by the other Party shall not operate or be construed as a waiver of any subsequent breach by the waiving Party. 

 

	6.2	This Agreement shall be governed by and construed and enforced in accordance with the laws of India. 

  

	6.3	If any provision of this Agreement as applied to either Party or to any circumstances shall be adjudged by a Court of competent jurisdiction to be void or unenforceable, the same shall in no way affect any of the other
provisions of this Agreement or the validity or enforceability of this Agreement. 

  

	6.4	Any dispute shall be resolved by reference to the court of competent jurisdiction over the subject matter of the dispute. The Parties hereby agree to submit themselves to the jurisdiction of the courts in New Delhi.

  

							
	Mr. Preet MS Sandhu	 		 	Azure Power India Private Limited
			
	 [ILLEGIBLE]
	 		 	 /s/ H.S. WADHWA

		 		 	 By    
	 	
			
		 		 	
		 		 	  

		 		 	 Name
	 	H.S. WADHWA
				
		 		 		 	
		 		 	  

		 		 	 Title
	 	C.O.O.
			
	 [ILLEGIBLE]
	 		 	  

	 Witness
	 		 	 Witness
	 	[ILLEGIBLE]

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