Partnership Deed/ Agreement

Company ID: Natural English Language Learning Center

Location: Kart e Seh Kabul – Afghanistan

Shareholders: Khalid Ahmad

Eftekhar
Muhammad Mustafa Muntazir

DBA First
ITB Assignment
By:

Khalid Ahmad
Eftekhar
Muhammad Mustafa Muntazir
Name and the location of business

Name: Natural English Language Learning Center

Location: Kart e Seh Kabul – Afghanistan

Nature of business

We are providing educational services, specifically in the following fields

English language and
Computer Science

Amount of capital contributed by each partner is….

Shareholders Amount Total

Khalid Ahmad $ 5000 $ 5000
Eftekhar $ 5000 $ 5000
Muhammad Mustafa M $ 5000 $ 5000

Total Capital $ 15000

Provisions of reinvestment in business

1- Every individual shareholder is allow to reinvest in the business, in the condition of to

have the satisfaction of other partners/ shareholders.

2- The reinvestment is apply able while the business needs more money/ cash only.

Duties, powers, obligations of all partners

Khalid Ahmad's Duties, Power and Obligations

Khalid Ahmad
Duties: You Khalid Ahmad S/O Ghulam Farooq, are responsible for the Administrative,
Internal and External Management Sector.

Power: You Khalid Ahmad S/O Ghulam Farooq have the full authority in the field mentioned
above (Administrative, Internal and External managements of the Center)

Obligation: You Khalid Ahmad S/O Ghulam Farooq, are responsible for every administrative,
internal and external managements of the firm.

Eftekhar's Duties, Power and Obligations

Eftekhar
Duties: You Eftekhar are responsible for the marketing Sector of the firm

Power: You Eftekhar have the full authority in the field mentioned above (Marketing)

Obligation: You Eftekhar are responsible for every Marketing Issues, which belongs to marketing
Sector.
Muhammad Mustafa Muntazir's Duties, Power and Obligations

Muhammad Mustafa Muntazar

Duties: You M Mustafa M. are responsible for the Finance Department/of the firm

Power: You M Mustafa M. have the full authority in the field mentioned above (Finance
Department)
Obligation: You M Mustafa M. are responsible for every financial issues, which belongs to finance
Department.

Life of the business

Started Date: 2nd Jan 2010

Closing Date: 30 Dec 2015 with the possibility of extension
We (Khalid Ahmad, Eftekhar, Mustafa) have started the business on 2nd Jan 2010 and may close it on
30 Dec 2015.
Note: This contract is facilitated with the possibility of extension; while all the shareholders are
agree.

Method or profit and losses

Every one of us (Khalid Ahmad, Eftekhar and Mustafa) are carrying the equal amount of profits,
losses and liabilities.

Method of admitting new partner

We are welcoming and admitting new partner(s) with having the following characteristics
a. Must be over 18
b. Be healthy (not mental)
c. Able to pay the share
d. Must be an active shareholder for the business
e. And be able to receive the vote of confidence from other partners (Khalid Ahmad,
Eftekhar, Muhammad Mustafa Muntazir)

Procedure for withdrawal of partner

Withdrawal is not allowed up to the closing date of the partnership deed/ Agreement.

Procedures to be followed for expulsion (Removal) of a partner

Every partner is responsible for the above mentioned titled job, and in case of making disputes among
partners/ shareholder and misuse of resources he/ she will be expelled from the business and he or she
will be charged 20 % percent of his or her capital.

Arrangements to be followed incase a partner becomes insolvent

Every partner carries the equal profits, losses and liabilities shares, and every individual is responsible
for his or her own liabilities and losses to pay on the dated day.
Salary payable to partners for managing of the firm
The salary will be paid for every shareholder according to their responsibilities and posts they are
working in.

Method of preparing account and arrangements for audits

At end of every six months we will have an auditing of our accounts, the payment for the auditor will
be paid from the shares of the partners/ Business.

Procedures for the dissolution of the firm

If in case we are facing with the dissolution of the firm, we will try to find out the reason of the
dissolution, and if there is the need for reinvestment we will do some investment, otherwise we will
divide the shares and we will close the firm.

Thank you very much

Yours

Khalid Ahmad
Eftekhar
Muhammad Mustafa Muntazir