GSPC GAS GSPC GAS COMPANY LIMITED

GSPC Gas/HR/Incentive/2011/ 10 25th October, 2011

Mr. Harshad J Solanki Employee No: 10116 Corporate Office

Through: Head of the Depa tment

Dear Mr. Solanki,

ti

I have great pleasure to inform you that your performance is rated as "Very Good" for the year 2010-11.

You will be happy to note that our Company has been consistently growing at faster pace and has achieved many milestones of performance during the year 2010-11. This is possible only due to the untiring efforts of all our employees and support from the stake holders. Therefore it is decided to grant Performance Linked Incentive to all eligible employees based upon the performance of the Company as well as of the individual.

Based upon your very good performance, I have pleasure to inform that it has been decided to pay a onetime performance linked incentive of Rs. 150000/ - to you for the year 2010-11.

We are sure that while you will continue to work with same level of dedication, enthusiasm and zeal for ensuring better and better performance of the Company year over year.

Keep it up!!

(PPG Sarma) Chief Executive Officer

Note: The performance incentive amount will be deposited to your salary bank account after deducting Income Tax as applicable.

CC: Personal File

Corporate Office : 101 - 106, First Floor, IT Tower -1, Infocity, Gandhinagar - 382 009. Phone : +91-79-66737400, Fax : +91-79-66737456