Partnership Deed OF SHURAJ Executed Between Mr. Suraj Laxman Gorivale AND Mrs. Shubham Shrikant Surve Dated: 19th July, 2025 Place: Mumbai, Maharashtra Prepared & Executed as per the Indian Partnership Act, 1932ad No IAD /SS/OFM OSS (= dtaetord Ga 'Rs, 500 oa awe INDIA NON JUDICIAL . ire Went MAHARASHTRA 0 20250 D2 088037 antes arate Rake LOOOC 10 JUL 2025 PARTNERSHIP DEED ‘Tis DEED OF PARTNERSHIP is made on the 19th Day of July in the Christian era Two Thousand Twenty Five by and between: Mr. SURAJ LAXMAN GORIVALE, age 28 years residing at Flat No. 111, 1st Floor, Tulip Building No 7, Akruli Road, Anita Nagar, Lokhandwala Complex, Kandivali East, Mumbai, Maharashtra 400101, hereinafter referred to as the “First Party” or “Partner 1"(which expression shall, unless repugnant to the context or meaning thereof, include his heirs, legal representatives, administrators, and assigns); 1 Se a% a falar e y- At = ssoe SHRIKANT SURVE, age 26 years residing at A-10, Jai ergwani CH, Vaibhav Nagar, Janu Pada, Kandivali East, Mumbai, Maharashtra expres enafer referred to as the “Second Party’ or “Partner 2° (which : pesien Shall, unless repugnant to the context or meaning thereof, include 'er heirs, legal representatives, administrators, and assigns). The parties hereinafter collectively referred to as "Partners" and individually as a “Partner” RECITAL WHEREAS the parties desire to carry on a partnership business under the name and style of “SHURAJ" and wish to record the terms and conditions of partnership in writing: NOW THESE DEED WITNESSES and is hereby mutually agreed as follows:- 4. Name of Firm - The partnership firm shall operate under the name and style “SHURAJ" or any other name mutually agreed upon by the Partners. 2. Place Of Business: - The principle place will be at: “Shop No.04, Ground Floor, of Almeida Avana, Kalina Kurla Road, Opp. Kalina Masjid, Kolivery Village, Kalina, Santacruz East, Mumbai, Maharashtra 400029, India”. The firm may establish additional branches or change its business premises from time to time as mutually agreed by the Partners, 3. Nature of Business: - The business of the firm shall be to establish, operate, and manage restaurants, cafés, eating houses, food courts, kiosks, and other food and beverage service outlets, with or without the sale and service of alcoholic beverages, subject to applicable licenses and permissions. ‘The firm shall be engaged in the preparation, sale, and distribution of vegetarian and non-vegetarian food, snacks, beverages (hot and cold), bakery and Susconfectionery products, desserts, and all related consumables through dine-in, takeaway, delivery, catering, and cloud kitchen formats. The firm shall have the liberty to operate its business under its own brand or through arrangements such as franchise, license, or distributorship with any national or international brand or franchisor in the food and beverage industry. The firm may also undertake related activities such as event catering, outdoor Stalls, mobile food services, and other lawful business activities that are incidental or conducive to the achievement of its primary objectives. Further, the firm shall have the right to modify, expand, or diversify ts business scope in any direction as mutually decided by the Partners from time to time. 4. Definitions: a. "Act" means the Indian Partnership Act, 1932. b. "Book Profit" shall have the meaning assigned in Section 40(b) of the Income Tax Act, 1961 ¢. "Firm" shall mean the partnership business carried on under the name "SHURAJ’. 5. Duration: - The partnership shall be "AT WILL" meaning it shall not have a fixed term and shall continue to operate unless dissolved in accordance with the provisions of this deed or applicable law. 6. Commencement: - The firm shall be deemed to have commenced its business activities with effect from the 19th July, 2025. 7. Capital Contribution: The initial capital of the firm shall be INR 50,000 (Rupees Fifty Thousand only) which shall be contributed by the Partners in the profit-sharing ratio. Additional capital may be introduced by the Partners as and when required and in such proportion as may be mutually agreed 8. Interest on Capital and Loans: Interest at the rate of 12% per annum (simple interest) shall be payable to each Partner on the amount standing to the credit of their capital, current, and/or loan accounts. The rate of interest may be varied by mutual written consent of the Partners. 9. Remuneration To Partners:- Both the parties of the First and Second parts have agreed to devote their time and attention to the business of the partnership. It is hereby agreed that in consideration of the above parties Suni ae.actively devoting their time and attention to the business of the partnership they shall be paid remuneration as may be allowed under section 40(b) of the Income Tax Act, 1961: @. Up to the first INR 3,00,000 of Book Profit: INR 1,50,000 or 90% of the Book Profit, whichever is higher; b. On the balance of Book Profit: 60% [- No. Name of Partner Partner 4 SURAJ LAXMAN GORIVALE Partner 2 ‘SHUBHAM SHRIKAN 10. Profit Sharing Ratio:- The net profits or losses of the firm, after providing for all expenses, interest, remuneration, taxes, and other outgoings, shall be distributed as follows: Losses, including capital losses, shall also be shared in the same ratio unless mutually agreed otherwise in writing 11. Books of Account and Financial Year: a. The firm shall maintain proper and updated books of accounts in accordance with applicable laws. b. The accounting year shall be from April 1st to March 31st. c. The accounts shall be prepared at the end of each financial year and shall be signed by all Partners. d. The firm shall appoint an external auditor if required under applicable laws. 412. Banking Arrangements: ‘The Bankers of the partnership firm shall be such Bank as the parties hereto may decide from time to time. Such accounts may be operated by Partner 1 or Partner 2 or by both Partners jointly, or as may be mutually decided in writing. 13. Borrowing Powers: - ‘The Partners may borrow funds for the business from any bank, financial institution, or third party upon mutual agreement. All necessary documents or instruments relating to such borrowings shall be executed jointly or as mutually decided. 44. Admission of New Partners: Si SeNo te new Person shall be admitted into the firm as a Partner unless all existing ‘mutually agree in writing to such admission and to the terms of admission. 15, Retirement, Death, or Insolvency of a Partner: a. On the retirement, death, or insolvency of any Partner, the Partnership shall not dissolve but shall be continued by the remaining Partner(s), unless mutually agreed otherwise. b. The share of the deceased Partner shall be transferred to their legal heir(s) or nominee, subject to consent and terms set by the continuing Partners) c. The retiring or insolvent Partner's share shall be settled as per the alia and procedure mutually agreed upon or as per applicable law. 16. Duties, Obligations, and Conduct: Each Partner shall act in utmost good faith and in the best interest of the firm 17.Breach of Agreement: In case any Partner breaches the terms of this deed or acts prejudicially to the interest of the firm, they shall be liable to indemnify the firm and other Partners for any loss, damage, or legal consequence arising from such breach. 18. Dissolution of the Firm: ‘a, The firm may be dissolved voluntarily by mutual written agreement of all Partners. b. Any Partner may issue 3 months’ prior written notice to the other Partner(s) for dissolution Upon dissolution, accounts shall be finalized, assets liquidated, liabilities discharged, and surplus (if any) distributed in accordance with Section 48 of the Indian Partnership Act, 1932. ion Clause: All disputes or differences arising out of or in relation to this partnership, including interpretation of the deed or any action related to the business, shall be referred to a sole arbitrator mutually appointed by the Partners, in accordance with the Arbitration and Conciliation Act, 1996. The arbitrator's decision shall be final and binding. 19. Arbitrat 20. Amendment to the Deed: Any amendment, modification, or addition to this Deed shall be valid only if made in writing and signed by both Partners. = aeIN WITNESS WHEREOF, the Partners have signed this Deed on the day, month, and year first above written, SIGNED, SEALED AND DELIVERED BY: by the within named Mr. SURAJ LAXMAN GORIVALE (Party of the First Pah so SIGNED, SEALED AND DELIVERED BY: by the within named Mrs. SHUBHAM SHRIKANT SURVE (Party of the Second Part) oe Before Me, RE ME "Porwm-eoolespad aaa | Enrolment No hy atta / Your Aadnaat No 5003 0560 7815 ‘vio : 9133 1854 7427 4238 agi wrure, sre 3A t see HTT a S Government of india ov ca ann Se tanman Goma Ura erfegOB 710211997 qouMALe ara OO “atest 1] Baaatess Efi 111 2ot fle. 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