PARTNERSHIP DEED INSTRUMENT OF PARTNERSHIP made on this ..th, day of.

amongst Hereinafter referred to as parties of the 1st& 2nd parts respectively. Whereas both the parties of first & second parts have been carrying on in partnership the business of ..under the firm names & style .with effect from today , .. ..have been included as partners from this day hereinafter Referred to as parties of the 3rdand 4th parts respectively. NOW THIS DEED WITNESSED that the parties do hereby confirm the relation of partnership subsisting to carry on the said partnership business and do hereby declare and covenant to observe the terms and conditions specified as below:1. That the partnership shall carry on its business under the name & style of ... But the business may be extended to such other places under the same or different name or names as may be agreed upon between the parties from time to time. 2. That the partnership shall be deemed to have commenced from ..th,day of... 3. That the business of the partnership shall be that of , i.e. ..and allied products & all other ancillary activities or any other business/ businesses at or at any other place/ places agreed to by the parties from time to time. 4.That net profit or loss of the partnership firm as per accounts maintained by the firm after deduction of all expenses of business of the partnership, shall be prepared on 31st march every year and the net profit or loss, as the case may be shall be dicided or borne by the parties in the following manner:1.S..party if the 1st part..% 2.S..party of the 2nd part.% 3.S...party of the 3rd part.% 4.S...party of the 4th part.% 1

5. That the firm.running from last one year on proprietorship base and second party is joining as partner by giving .. amount meant or concerned as sharing infrastructure expenditure only and same will not be treated as working capital. 6. That hereinafter additional assets/products if needed will be purchased with the amount paid by all partners on ( ratio%) 5. That all the parties shall work honestly diligently for the greatest common advantage of the partnership. 6. That No one shall borrow any amount in the name of firm for his/her personal use. That any party doing so shall be personally responsible for its payments. Further the firm with express consent of the partners may get loans from the Bank or any other concern only for the exclusive benefits of the partnership. 7. That bank account will be operated jointly or severally as mutually agreed upon by the parties to the deed. 8. That the Rent deed of the premises of the said firm will be unchanged. 9. That any party desiring to sever his/her connections from the partnership may do so but only by giving sixty days notice in writing in advance to other parties. But the said Dissolution of separation shall not be effective unless all sorts of assets,liabilities and stock in trade etc. is cleared or any other suitable arrangement is made amongst the parties. 10.That upon dissolution of the partnership, wheather by mutual consent of the partners or otherwise the accounts of partnership business shall be settled and paid in accordance with the privisions of the Indian partnership act, 1932. 11. That all other matters for which no provision has been made in this Deed shall be mutually decided by the parties themselves. 12. That any dispute and question in connection with this partnership or regarding the interpretation of this deed, arising between the partners or amongst of any of their legal representative, the same shall be referred to the arbitrator under the arbitration act them in force. IN WITNESSES WHEREOF the parties to this Deed have put their signatures in the presence of witnesses on the day and the year first above mentioned. WITNESSES:1. 2. PARTY 1..party of the 1st part. 2.party of the 2nd part 3.party of the 3rd part 4.party of the 4th part