1 E-stamp Certificate No.

655555699

DEED OF PARTNERSHIP

This DEED OF PARTNERSHIP (hereinafter referred to as “the Deed”) is made on

1. Mr. Shiv Pandit S/o Sh. Amitav Pandit resident of Maheshwari nagar, Prayagraj,
Uttar Pradesh - 211002, (hereinafter referred to as the first partner) of the FIRST part
which expression shall include his legal heirs, assigns etc.;
And
2. Mr. Hanif Qureshi S/o Sh. Lakhim Qureshi, resident of Civil lines, Prayagraj, Uttar
Pradesh - 211004, (hereinafter referred to as the second partner) of the SECOND part
which expression shall include his legal heirs, assigns etc.

The First partner and the Second partner, shall hereinafter individually be referred to as “the
Party” and collectively be referred to as “the Parties”.

BUSINESS ACTIVITY

1. WHEREAS the parties have mutually agreed upon to carry on the business of trading of
computers, laptop, equiments etc., in any manner whatsoever in Prayagraj as per details given
in clause 5 herein below under the terms of this deed.

2. AND WHEREAS, the parties have mutually decided to actively devote their time and
attention to the nature of activities defined in this deed.

3. AND WHEREAS the parties have agreed to contribute in the capital of the Firm in their
respective proportion as and when required.
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NOW THIS DEED IS WITNESSETH AS UNDER:

NAME & STYLE

1. That the business of the partnership shall run under the name and style “Computers &
Services Pvt. Ltd.” (hereinafter referred to as “The Firm”)

PRINCIPAL PLACE OF THE BUSINESS

2. That the principal place of business of the partnership shall be located at Sadimpur,
West, Prayagraj, Uttar Pradesh- 211108. However, the business may be conducted
from such other place or places as may be mutually agreed upon between the parties
from time to time.

BRANCH

3. That the firm may open any branch(es) at any time at such location(s) with the mutual
consent of the parties.

EXISTENCE

4. That this partnership business shall be deemed to have commenced on and from21st
day of August, 2020, i.e. the date of execution of this Partnership Deed.

NATURE OF BUSINESS

5. That the business of the firm shall be as under:

a. to carry on in Prayagraj, either alone or jointly with one or another firm and/or
body corporate in the business of of trading computers, laptop, equipment etc etc.
b. to carry on any other business activity as may be mutually agreed upon between
the parties from time to time.
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CAPITAL

6. That the initial capital of the firm shall be Rs 1,00,00,000/- (Rupees One Crore only),
to be subscribed by the Parties in the following proportion:

First party -50%

Second party -50%,

and at a later date the Parties shall contribute the amount of capital in the Firm in the
same proportion.

DRAWINGS

7. That the parties shall make drawings as and when required for their personal need and
shall be debited to their respective accounts and shall be adjusted at the end of the
financial year of the firm.

BORROWINGS

8. That the firm may obtain such loan from Banks, Financial Institutions or any other
parties or can also take working capital limits from any Bank and other Financial
Institutions upon such terms as the parties may mutually agree from time to time.

SHARING OF PROFITS

9. That the profit and loss of the business of the Firm shall be ascertained after
accounting of all the business expenses on every 31st March and shall be divided and
borne by the parties in the following proportion:

Mr. Shiv Pandit- 50%

Mr. Hanif Qureshi- 50%.

The amount falling to the share of each partner, on the making of account, as
aforesaid, shall be credited or debited, as the case may be, to his personal account in
the books of the firm.
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INTEREST ON CAPITAL

10. That the parties will be entitled to interest on capital at the maximum permissible rate
of 12% per annum under the prevailing provisions of the Income Tax Act,1961 or
such rate with the mutual consent of the parties.

BOOKS OF ACCOUNT

11. That the firm shall regularly maintain books of accounts in the ordinary course of
business to show true and correct view of all incomes , expenditures and all its assets
and liabilities and shall be maintained at the Head Office of the firm or at any other
place as may be mutually agreed upon by the Parties and shall remain open for
inspection by any Party. The accounting period of partnership business shall be a
financial year i.e. from 1st day of April to 31st March every year, a profit and loss
account and balance sheet shall be drawn upon as on 31st March every year.

BANK ACCOUNT

12. That the firm shall open bank account(s) with such bank (s) which shall be operated
singly by any one of the parties or in any other manner as may be mutually agreed
upon between the parties.

RETIREMENT OF PARTNERS

13. That the Partnership shall be AT WILL. However, any partner intending to retire from
the firm may do so by giving at least 30 days’ notice in writing to the other partner of
his intention to do so. In such an eventuality, the remaining Partner shall have sole
and exclusive rights to carry on the business of the Firm in the same name and style,
upon such terms as may be mutually agreed upon between the Parties including
settlement of account of the retiring Partner as per books of accounts of the Firm as on
the date of retirement of the outgoing Partner and thereafter, the retiring Party shall
have no right to operate in the name and style of the firm.
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PRIVATE DEBTS

15. That the Firm shall not be liable for any civil and/or any criminal liabilities in
respect of debts of any partner taken in the individual capacity and the Parties will not
create any liability against

the Firm for the personal benefits or gains and no partner shall use any assets of the
Firm for his personal advantage, other than those relating to the business of the firm.

INDEMNIFICATION

16. That each partner shall be individually liable to repay the debts taken in individual
capacity and the Parties do hereby undertake to indemnify the Firm and the other
party of all such costs, expenses and losses including any attachment seizure or sale of
any of the assets/property (ies) of the Firm , as may arise in this regard.

DEATH OR INSOLVENCY

17. That it is specifically agreed that the death or insolvency of any of the parties to
this deed shall not result in the dissolution of the partnership firm in such an
eventuality, the business of the partnership shall be carried on as before, by the
remaining partner along with legal heir of such deceased or insolvent partner.

WINDING UP

18. That the Firm can be dissolved only with the mutual consent of the Parties upon
such terms as may be mutually agreed upon between the Parties and the winding up of
the Firm shall be in compliance to the provisions of the Indian Partnership Act, 1932.

AMENDMENTS

20. That any alteration or amendment or modification of term of this Deed can be
made in the Deed by executing a Supplementary Partnership Deed.
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BINDING EFFECT

21. That the parties do hereby undertake that they have read and understood all the
terms of this deed which shall be binding upon them during the tenure of this deed.

ARBITRATION

22. Whenever there is a difference of opinion or any dispute between the partners
shall refer the same to an arbitration of one person. The decision of the arbitration so
nominated shall be final and binding on all partners, such arbitration proceedings shall
be governed by Indian Arbitration Act, 1996 which is in force.

In witness whereof, this deed of partnership is signed, sealed and delivered this 21 st August,
2020. at Prayagraj, Uttar Pradesh.

AMIT KUMAR

1/679, Vikaspur, Prayagraj,

SOUBIK SINGH

CH-12, Civil Lines,,Prayagraj,