PARTNERSHIP DEED

This deed of Partnership is executed at <DATE OF AGREEMENT> on this RAIGAD between:

1. LAHU RAMA CHACHE, son/daughter of <NAME OF FATHER OF FIRST PARTNER>,

aged <AGE OF FIRST PARTNER> years, resident of <RESIDENCE ADDRESS OF
FIRST PARTNER>, (hereinafter called the FIRST PARTNER / FIRST PARTY)

2. <NAME OF SECOND PARTNER>, son/daughter of <NAME OF FATHER OF SECOND

PARTNER>, aged <AGE OF SECOND PARTNER> years, resident of <RESIDENCE
ADDRESS OF SECOND PARTNER>, (hereinafter called the SECOND PARTNER /
SECOND PARTY)

AND

3. <NAME OF THIRD PARTNER>, son/daughter of <NAME OF FATHER OF THIRD

PARTNER>, aged <AGE OF THIRD PARTNER> years, resident of <RESIDENCE
ADDRESS OF THIRD PARTNER>, (hereinafter called the THIRD PARTNER / THIRD
PARTY)

WHERE AS

1. The parties hereto have agreed to run a partnership business of <NATURE OF BUSINESS
AND ACTIVITIES TO BE CARRIED> under the name and style of <NAME OF
PARTNERSHIP BUSINESS>

2. The parties hereto have agreed to execute this deed of Partnership Deed to carry above
mentioned business as per the terms and conditions mentioned below.

NOW THIS DEED WITNESSETH AS UNDER:

1. NAME OF THE PARTNERSHIP BUSINESS:

Name of the Partnership Business shall be “<NAME OF PARTNERSHIP BUSINESS>”

2. PLACE OF BUSINESS:

The Partnership business shall be carried on at “<ADDRESS OF PLACE OF BUSINESS>“,

which shall be the Registered Office of the firm or at such other place/s as may be mutually
agreed upon by the partners.

3. NATURE OF BUSINESS:

To carry on, all or any of, the businesses as <NATURE OF BUSINESS>

4. DATE OF COMMENCEMENT:
 The partnership business shall be deemed to have commenced w.e.f. <DATE OF
COMMENCEMENT> and that the Partnership shall be "AT WILL".

5. CAPITAL:
The parties hereto shall contribute as capital:

First Party
Second Party
Third Party
i.
ii.
The capital may carry interest at 12 % or rates in such manner as may be mutually agreed
upon by the partners. Any further contribution shall be credited to partners Capital/`Current
Account or Loan Account as mutually decided by the partners. Further, partners will generate
at least 10% surplus out of profit towards the business development fund i.e., 10% of profit to
be ploughed back to the reserve fund for further development of business. <IF REQUIRED>

6. PROFIT/LOSS SHARING RATIO:

Net Profit or loss of the Partnership business including any capital gain/loss shall be divided
among the parties hereto as under:

First Party
Second Party
Third Party
i.
7. BANK ACCOUNTS:

Bank Account of the Partnership business shall be opened with the Bank/s as may be

mutually agreed from time to time and that all such Bank account/s shall to be operated with
the signature all the party jointly hereto.

8. DRAWINGS:

The parties hereto may withdraw such amount or amounts as their Drawings from time to
time as may be mutually agreed upon by the parties and that such drawing shall be debited to
their respective capital accounts of the parties except salaries as mutually decided by the
partners from time to time.

9. BOOKS OF ACCOUNTS AND RECORDS:

All the necessary and proper books of accounts shall be maintained by the Partnership
business, the same shall be kept posted day to day and that at the end of Financial year i.e. on
31st March each year a General Account shall be taken of all the Assets and Liabilities and of
Profit/Loss of the Partnership business and that such account/s shall be binding on all parties
hereto, except some manifest error in the account, in that case the same shall be rectified
forthwith.

10. RETIREMENT:

That the partnership shall be "AT WILL” any Party hereto can retire from the Business by
giving <NOTICE PERIOD> notice thereof to the other parties concerned.

11. DUTIES AND RESPONSIBILITIES:

 Each partner shall -
a. Punctually pay and discharge his/her separate and individual debts and engagements
and indemnify the other partners and the partnership assets against the same and all
proceedings, costs, claims or demands in respect thereof.

b. Be just and faithful to the other partners in all transactions relating to the
Partnership business and at all times give to the partners a true account of all
such dealings and offer every assistance in his/her power in carrying of the
Partnership business to their mutual advantage.

c. Expeditiously pay all moneys, cheques and negotiable instruments received by

him/her on account of firm into the Bank to the firms account.

d. Shall meet on regular intervals of 15 days and shall discuss the overall progress of the
work, check the accounts, legal matters etc.

12. REMUNERATION:

It is agreed by and between the parties hereto that all the partners (hereinafter referred to as
"Working Partners") who are devoting their time and attention in the conduct of affairs of
the firm as the circumstances and business may require, shall withdraw such amount as
mutually agreed between them and subject to availability of profit and the conditions laid
down under section 40(b)of the Income tax act, 1961 as the mentioned below:-

Availability of Profit Maximum Remuneration

On the first Rs. 3,00,000 of the book profit Rs. 1,50,000 or at the rate of 90% of the
or in case of a loss book profit whichever is more

On the balance of book profit At the rate of 60%

It is agreed by and between the parties hereto that <NAME OF WORKING PARTNERS>
will be the Working Partners.

13. RESTRICTIONS:

No Partner shall without the consent of the others:

a. Enter into an agreement which he/she believed to be unreasonable to the firm or not
in the major interest of the firm and whereby the partners are likely to risk the loss of
or be sums in respect of the said transaction.

b. Except in the ordinary course of business, dispose of by the loan, gift, pledge, sale or
otherwise any part of partnership property.

c. Forgo the whole or any part of any debts or sum due to the partnership.

d. Become bailor or guarantor or surety for any person or persons or do or knowledgly

suffer anything to be whereby the partnership business or property may be
endangered.

e. Assign, mortgage, or charge his/her interest in the firm or in the assets or profits of
the firm.
 f. Draw, accept or endorse any bill of exchange or promissory note on account of
partnership unless in the ordinary course of business.

g. Lend any of the moneys or deliver upon credit any of the goods of the firm to any
person, firm or company when the other partner shall have previously in writing
forbidden him/her to trust.

14. DEATH, RETIREMENT, EXPULSION ETC.:

The death, retirement or expulsion of any Partner shall not dissolve the partnership. The
surviving or remaining partners shall have a right to continue the business of Partnership as a
going concern by taking over the assets, including goodwill and liabilities of the retiring,
deceased or outgoing partner.

15. ARBITRATION:

If during the continuance of Partnership of at any time  afterwards any dispute or difference
of opinion or question shall arise touching the partnership or the accounts or transactions or
the dissolution or the winding up thereof or the construction meaning or effect of this deed of
anything herein obtained of the rifts and liabilities of partners or their representatives under
the need or otherwise, then every such dispute, difference or question shall be referred to
Arbitration Act then in force. The decision of the Arbitrators or the Umpire shall be final and
binding upon all the parties hereto.

16. MISCELLANEOUS:

Anything not provided herein touching the partnership business shall be decided by the
provisions of the Indian Partnership Act, 1932, and that shall be binding on all the parties
unconditionally.

IN WITNESS WHEREOF, the parties hereto have hereunto set and subscribed their respective hands
the day and year first hereinabove written.

PARTNERS:

Signed and delivered by the within named

PARTY OF FIRST PART

In presence of…

Signed and delivered by the within named

PARTY OF SECOND PART

In presence of…

Signed and delivered by the within named

PARTY OF THIRD PART

In presence of…