DEEDOF PARTNERSHIP AYODHYA MUKUNDA KESHAVAM H R INDIA 5.500 FIVE HUNDRED RUPEES Rs. 500 INDIA NONJUDICIAL H8HEMAHARASHTRA O 20230 CD 579071 HN R (Reat,No. OF INO GoV DEED OF PARTNERSHIP THIS DEED OF PARTNERSHIP is made and executed at Nagpur on the 29th day of February, 2024 BY AND BETWEEN: 1. Mr. KRUPESH DHARMESH VED,S/o Shri Dharmesh Mukund Ved, aged 23 Years, Behind Shreeram Bhawan, 162, Shreyash Canal Road, Ramdaspeth, Shankar Nagar S.0., Nagpur, Maharashtra - 440010 India. (Permanent Account No.: NOTARIAL Reg. NO.J490 NTRY BNMPV3012P, Aadhaar No.: 5606-4498-7509) hereinafter referred to as the Party No. 1. AND 2 Mr. KRISHNANU HARISH AGRAWAL, S/0 Shri Harish Gangaram Agrawal, aged 59 DATE: Years, Plot No. 287, Hariniketan, Near Power Substation, Wardhaman Nagar, Nagpur, Maharashtra - 440008 India. (Permanent Account No.: BVBPA8883N, Aadhaar No.: 4010-9753-9472) hereinafter referred to as the Party No. 2. AND 3. Mrs. PREETI RAMKRISHNA PODDAR, D/o Shri Mahavir Prasad Nandlal Agrawal, aged 47 Years, Resident of Plot No. 924, C.A. Road, Near Day-to-Day Haldiram, Wardhaman Nagar, Nagpur, Maharashtra - 440008 India. (Permanent Account No.: AHWPPO435D,Aadhaar No.: 7790-7459-0740)hereinafter referred to as the Party No. 3. ..Page 1 of p.7. 36899 Gf. ft. Regd, No 799% OVI Theterm and expression Party No.1, Party No.2 and Party No.3 shall also mean and referred to as Partner No. 1, Partner No. 2 and Partner No. 3 respectively and shall be collectively referred as the "Partners" or "Parties" and it shall mean and includes, unless it be repugnant to the context or meaning thereof, heirs, successors, executors, administrators, representatives etc. of the respective parties. WHEREAS, the above referred parties agreed to constitute the partnership and carry on the business on the business on the terms and condition agreed to among them on 29th Day of February, 2024. It is, however, thought proper and expedient to reduce the terms and conditions governing the partnership in writing. The parties hereby declare that they constitute the firm on the following terms and conditions. NOW THEREFORE THIS DEED OF PARTNERSHIP WITNESSETH THAT THE PARTNERS HAVE MUTUALLY AGREED AS UNDER: 1. NAME OF BUSINESS: THAT the business shallbe carried under the name and styled of "AYODHYA MUKUNDA KESHAVAM", herein referred to as the firm or any other name which the partners may unanimously decide upon in partnership. 2. ÇOMMENCEMENT OF FIRM: THAT this deedof partnership shall be deemed to have commenced with effect from 29th day of February, 2024. 3. PLACE OF BUSINESS: THAT the principal place of business of the firm shall be at Plot No. 924, Keshawam House, Despande Layout, Nagpur, Maharashtra - 440008. However, the partners may carry on the business of the firm at any other place(s), as they mutually decide from time to time. 4. NATURE OF BUSINESS: THAT the partnership business shall carry on the business of development of Land and Layout and also construct, build, alter,acquire, convert, improve,design, erect,establish, develop, dismantle, furnish, level, decorate, install, finish, repair, maintain, locate, modify, reconstruct, renovate, remodel, rebuild all type of constructions and developmental activities in allits branches such as multistoried, colonies, complexes, whether commercial or residential, housing projects,row houses etc.or to entered into an development agreement for allsuch activities mentioned hereto and/ or such other allied activities as may be decide among the partners from time to time. 5. CAPITAL CONTRIBUTION: THAT the firm shall have fixed capital of 50,000 (Rupees Fifty Thousand Rupee Only). which shall be contributed as per their profit sharing ratio i.e. 40% by Party No. 1,30% by Party No. 2 and 30% byParty No. 3. Further, the partners may bring such additional capital as and when required in the same proportion of the fixed capital ratio as .. Page 2 of p 1. mentioned above or any other proportions according to the mutual consent of the partners from time to time. 6. ACCOUNTING YEAR: THAT the accounts of the firm shall be closed on 313t March, every year on which day the profits and losses will be determined and distributed amongst the parties hereto in the manner provided hereinafter. The accounting year of the firm shall be the financial year ie. from April 01 to March 31, every year. 7. SHARE OF PROFIT/ LOSSES: THAT the net profit and loss of the firm after the deduction of remuneration and interest to the partners in accordance with the Income Tax Act, 1961, clause as mentioned below in this Deedof Partnership shall be divided and distributed amongst the partners on the close of each accounting year in the following ratio. S. No. Particulars Name of the Partners Profit/ Loss Sharing Ratio Party No. 1 Mr. Krupesh Dharmesh Ved 40.00% 2 Party No. 2 Mr. Krishanu Harish 30.00% Agrawal 3 Party No. 3 Mrs. Preeti Ramkrishna 30.00% Poddar 8. MANAGEMENT OF THE BUSINES: rights in the THAT the Party No. 1, Party No. 2and Party No. 3 will have the equal themselves in business management of the business of the firm and shall actively engage of the firm and look after day-to-day management of the business. 9. PARTNER REMUNERATION/ SALARY: partners of the TH¤T the Party No. 1, Party No. 2 and Party No. 3 shall be the working the rate of 12% the interest at firm. Out of the remainingprofit i.e. after the provision of as per clause 10 of this deed of per annum on the capital contribution by the partners 3 shal be entitled to a partnership below, the Party No. 1, Party No. 2 and Party No. following proportion as remuneration inclusive of salary, bonus and commission in the under: 71,50,000 1 If the book profit is negative 1,50,000 or 90% of the book 1 If the book profit less than or equal to ? profit whichever is more. 3,00,000 60.00% of the book profit. profit i.e. In respect of the balance book above3,00,000 1961 THAT the maximum remuneration so worked out above as per Income Tax Act, Party No. 3 in their profit Snali be distributed amongst the Party No. 1, Party No. 2 and sharing ratio. 10. INTEREST ON CAPITAL / LOANS: Page 3 of 2. TUAT the partners hereto shall be entitled to the interest at balances in their respective fixed capital, current capital the rate of 12.00% on credit ato as may be prescribed by section and/or loan account or at such 40(b)(iv) of the ncome Tax Act, 1961 or any other annlicable provisions as may be in force for the relevant period subject to or mutually decided by the partners time to adequate profit time. Interest shall be charged on debit balance, if any at the same rate and in the same manner as of interest. The interest payable as wellas provided above for payment aforesaid shall be computed on daily product basis. 11, BANKING OPERTATIONS: THAT all money received such as cash, drafts, cheques etc. of the firm amount shall be required to day-to-day expenses shall be deposited in except such Scheduled/ Co. Operative Bank(s)Co. Operative Societies. The account shall Nationalized/ be jointly by Party No. 1and either of the Party No. 2 and Party No. 3 and further asoperated may be agreed mutually by the partners of the firm from time to time. 12, BOOKS OF ACCOUNTS: THAT the partnership firm shall maintain such books of accounts as may be prescribed by lawand otherwise to suit their business requirements. Such books shall be closed 31t Márch of every English calendar year and shall be available to any of the partners for inspection during the business hours. 13. LOANS/ ADVANCES: THAT the parties hereto can raise loans from banks, financial institutions etc., whenever deemed expedient with the written consent of all the parties for the purpose of the business and the said loan will be used only for the firm and no such amount is to be used for personal benefits of anyof the Party. 14. INVESTMENTS: TH¤T the monies, securities and other valuable items belonging to the firm, which are not immediately needed for its day-to-day business, shall be kept properly in safe Custody and no partner shall utilize or expand any money, security, goods or other property or assets of the firm for his own individual benefits. 15. DURATION OF PARTNERSHIP: THAT the Partnership is "AT WILL" and can be dissolved as and when mutually & unanimously decided by the Partners. In case of dissolution of the firm, the net assets whatsoever would be available after meeting out all the business liability including loans OT the firm shallbe distributed in the ratio of profit and loss as mentioned above, among the Partners. Accounts shall be made and settled as soon as possible but, in any event, Settlement should not be delaved for more than three months. THAT notwithstanding anvthing contained in the Indian Partnership Act it is hereby mutually agreed to by and between the Partners that in case of death of any one partner, the firm shall not he dissolved. In case of the death of any partners, the partnership Usiness shallcontinue to be carçied on by thesuryiing partners and legal heirs and/or .Page 4of.7 representatives of the deceased partner, as a this deed andcontinuing concern, on the same terms and conditions as incorporated in on such terms and conditions as may bavebeen amended or mutually agreed to by and aeo of death one person representing the between them from time to time. ln deceased being the other legal heir as nominated collectively by all legal heirs of eldest the legal heir or any .old step into the shoes of the deceased and Deceased Partner, would be taken as a partner. If for any Poncon the legal heirs of the deceased partner do not wish to continue with the Partnership Firm, then other Partners shall continue the partnership business andsaid by settling the account of deceased partner accordingly. It is hereby further clarified that it shall be deemed as change in constitution and not succession. THAT any partners desirous of retiring must give 3 (Three) Months' notice in writing to the other partners. In case of retirement, he / they will not be entitled for any share of Goodwill. The account of retiring partner/s will be settled as per the balance outstanding in the capital account and after making necessary adjustment for profit/ losses which shall be due as on the of his/ their retirement. If there is any debit balance in his/ their account then he /they will have to pay the firm immediately. Only after payment of the firm outstanding amount, he /they willbe relieved from the liabilities. If there is a credit þalance in his/their account then the firm will pay the outstanding amount within three months from the date of his /their retirement. THAT notwithstanding anything contained in the Indian Partnership Act, it is hereby mutually agreed to by and between the Partners that in case of Retirement or Insolvency of any of the Partners, other Partners shall have every right to continue with the business of said Partnership in the same name by modifying their capital / profit and loss ratio or by admitting new partner/s as per the sole discretion of remaining partners. THAT in case of retirement or case of death of two partners and their legal heirs not interested in continuing the business of saidpartnership firm, the remaining partner shall have everyright to continue with the business of said Partnership in the same name as a sole proprietor or by admitting new partner/s as per his sole discretion. 16. ADDMISSION: THAT no partner shall, without the previous consent in writing of the all other partners a5sign, transfer or mortgage his share and interest in the partnership or introduce any other person as partner expect that any partner may introduce a father / mother, brother /sister or son / daughter or agrandson/ granddaughter into the firm an assign the whole or any part of his share to him. 17. ALTERATION: Notw ithstanding anything stated or provided herein the parties have full powers and discretion to modify, alter or vary the terms and conditions of this partnership deed in manner whatsoever the things may fit by mutual consent which shall be reduce into writing and be signed by all the partners and thereuponthe said writing shall become on appendage an part of this partnership deed. 18. REFERENCE TO ARBITRATOR: ...Page S5 ofß.7. Eor settling any ispute(s) or difference whatsoever arising between the meaning and operation or effect of thisParties or relating to the out of interpretation, breach thereof, the Parties shall discuss the deed or the same mutually to resolve such disputes / differences amicably between themselves within thirty (30) working extended period as the Parties may agree to in writing)on days (or such receipt resolution under this deed. If the Parties fail to amicably settle of a notice for mutual the dispute(s)/ difference(s) between themselves in said specified time limit, then the Parties shall refer such dispute(s) / difference(s) to arbitration. The arbitration conducted in accordance with the rules of the Arbitration and proceedings shall be ("Act"), as amended from time to time and in force as on the Conciliation Act, 1996 date of commencement of the arbitration proceedings. The arbitration proceedings shall be conducted by a sole arbitrator to be appointed with mutual consent of the Parties. If either Party fails to agree upon an arbitrator within 15 (fifteen) days of receiving the notice by the invoking arbitration under this Clause, then such appointment shall beother Party made in accordance with relevant provisions of the Act. The seat and venue of arbitration shall be Nagpur and the language of arbitration shall be English. The "Fast Track Proceedings" prescribed under section 29B of the provision pertaining to Act shall apply to the arbitration proceedings invoked under this Clause. The award passed by the Arbitrator shall be confidential, final and binding upon the Parties and the Parties agree to be bound thereby and to act accordingly. The cost of the arbitration proceedings shall 'be borne equally by the Parties unless otherwise determined by the for the matters under dispute before the Arbitrator, the Parties shall Arbitrator. Except continue to perform and fulfil their respective rights and obligations under the deed unless the same is impossible without resolution of the said dispute. The said clause shall be applicable in case the Parties decide to seek relief of Specific Performance. 19. SUPPLIMENTARY DEED: THAT the partners shall be entitled to modify the above terms relating to remuneration, Interest etc. payable to partners by execution of supplementary deed and such deed when executed shall have effect from the date when it is executed and the same shall form part of this deed of partnership. 20. GENERAL CLAUSE: THAT no partners without the consent of the other partners: a) Employ any money, goods, assets or effects of the firm except in the ordinary course of business. y ntroduce any person into the partnership without the written consent of the other partners. c) Employ any money good or effect of the firm or pledge the credit thereof except in the ordinary course of business. d) Enter into any bond or become surety with or for any person to cause or rather to be done anything whereby the firm property or any part may be seized attached or fallen in execution or decree or order. .. Page 6 of .7 c) Do any act or thing whereby the firm property of the firm or his interest therein shall become liable for any private deed or obligations. f) Doany act or thing whereby the firm or its property may be prejudicialy in particular divulge any business secrets of the affected and firm. e) Pledge theasset and / or property of the firm except in the normal course of business. h) Assign, transter or otherwise dispute of or mortgage or change his share in the firm or any part thereof. i) Sign or execute any bail, bond, surety or guarantee for any person which any result in the seizure or attachment if the property and assets of the firm. 21. THATthis firm /deed shall not debar any of the party to carrying on similar or any other business in any capacity whatsoever. 22, THAT the partners shallcarry on the business of the firm to the greatest common atdvantageand shallbe just and faithful to one another and render true accounts and full information of the things affecting the firm to one another. 23. THAT inthe matters not provided for herein, the provisions of the Indian Partnership Act, 1932 as in force on that date, shall apply. IN THE WITNESS WHEREOF, the aforesaid partners have affixed their respective signatures in this Deed of Partnership in the presence of the attested witnesses on this 29th Day of February 2024, at with fill knowledge of the fact and contents of this instruments using their complete free will and in absence of any kind of misrepresentation or undue influence before attesting witnesses. WITNESSES: PARTNERS 1 PARTY NO. 1 (Mr. KRUPESH DHARMESH VED) (S/o Shri Dharmesh Mukund Ved) PARTY NO. 2 2 (Mr. KRISHANUHARISH AGRAWAL) (S/o Shri Harish Gangaram Agrawal) (DHaenash VeD) PARTY NO. 3 3 (Mrs. PREETIRAMKRISHNA PODDAR) (D/oShri Mahavir Prasad Nandlal Agrawal) NAGPUR MA .Page 7of 2. NOT N IAR ATIESTED Regd, (JameS:3:2024 KRUSJNA OF O:s IND NOTARY GovT, CANCEELt D Näubnr Pist; (M,S) INDIA RCELL£D ANCELLED NOTARIAL NOTARIAL NOTARIAL NOTARIAL