6 relating to the Partnership Business on behalf of and in the name of the said firm and to file suits, action, for the proceedings and do all things, necessary management of the said partnership business 15) Immediately after settling of each such annual accounts as aforesaid, the share of each partner shall be credited or debited to the account of the respective partner and the reasonable amount of the profit made can be withdrawn by the partner on mutual consent of the other partner. 16) Each Partner shall at all times duly and punctually pay and discharging his separate and private debts, losses and engagements whether past, present or future indemnified there from and from all action proceedings costs claims and demands in respect thereof. 17) DUTIES: Each Partner shall (a) Punctually pay and discharge his/her separate engagements and indemnify the other partner 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 partner in all transactions relating to the Partnership business (c) At all times give to the other a just and faithful account of the same and also upon every reasonable request furnish a full and correct explanation thereof to the other KANAT 902 (d) Expeditiously pay all moneys, cheques andd negotiable instrument received by any of the partner on account of firm into the Bank to the firm's account. an ACTS: 18) PROHIBITION REGARDING CERTAIN No partner shall without the consent of the other partners business (a) engage directly or indirectly in any similar to that of the partnership. b) lend moneys or give credit on behalf of the partnership or have any dealings with any persons, company or fim , who the other partner shall previously in writing have forbidden him to deal with and any loss incurred through any breach of this provision shall be made good to the partnership by the partner incuring the same. (C) employ any of the moneys , goods, or effects of the partnership or pledge the credit thereof except in the ordinary course of the nature of the business and upon the account or for the benefit oftheHI partnership (d) enter into any bond or become any bail suretyC 30 or surety with or for anyone or do knowingly so cause to be done or suffeer anything whereby the partnership property or any part thereof may be A Y seized, attached or extended or taken in execution (e)assign, mortgage, or charge his share in the 90 /partnership or any part of such share or make any other person a partner with him therein. () Compromise compound ( except upon payment or thereof in full) release or discharge any debt due to partnership, draw accept or endorse any bill of exchange or promissory note except for ordinary course of business M yu 8 (g) Indulge in any speculative business Any partner committing any breach of these provisions shall indemnify the other from all losses and expenses on account thereof. 19) BREACH OF PROVISION: If any partner shall: a. commit any breach of the provisions of the Clauses 13 and 14 ofthese presents OR b. commit any act of insolvency OR C. do or suffer any act, which would constitute business or professional misconduct or the ground for dissolution of the partnership, then and in any such case, the other partner within three calendar months after becoming aware thereof, may by notice in writing, determine the partnership. In that case such other partner shall have the option of purchasing the share of the defaulting partner in the capital and assets of the business. 20) SETTLEMENT OF DISPUTES: All Disputes and questions whatsoever , either during the continuance of the partnership of the or otherwise or afterwards existing between the partners touching these presents or the construction or application thereof or any clause or thing herein contained or any account valuation or division or as to assets or debts or liabilities or as to any act , deed or omission of any partner or any other matter in any way relating to the partnership business or affairs thereof shall be referred to one arbitrator in case the parties agree upon one , or otherwise two arbitrators to be appointed by A the parties in accordance with the and subject to the provisions of the Indian Arbitration Act 1940 or any 2 modification for the time being in force thereon statutory whose decision shall be final and binding. 21) a) I f any of the partners desire to separate or retire from the partnership at any time, he may do 9 so by giving three calendar months' notice in writing to the other partners of his intention to do so by leaving such notice at the registered office of the firm or at such place where the business of the partnership is for time being carried on and due to the retirement of the said partner the firm shall not be dissolved but it will be continued by admitting new partners in the said fim , or as remaining partners decides mutually. b) The death, retirement or insolvency of any partner shall not dissolve the partnership and under these Circumstances, it is agreed by the parties that the legal heir of that Partner be admitted as a Partner with the same rights and obligation as mentioned in this deed. c) The Partnership shall not come to an end, terminated or dissolved by reason of the death of any partner but it is agreed between the partners hereto that in such circumstances the legal heir of the deceased partner will be admitted as a partner of the firm & the firm will be continued. 22) On the Dissolution of the Partnership, the business of the partnership ahall be wound and general account as on dissolution shall be taken and the assets sold and realised with all convenient speed and distributed as directed in the Indian Partnership Act. If the partnership is terminated at any time on the retirement of a partner or for any other AN rAAR SEPAATM reason except death, whatsoever the goodwill of the 02/partnership shall be valued by mutual consent, failing which the matter shall be referred to TWO ARBITRATORS appointed by each party whose decision will be final. M J vistue- 10 All these several covenants, we hereby agree upon and set out respective signatures on this Deed of Partnership, which shall be binding upon us, our heirs and executors. IN WITNESS WHEREOF THE parties hereto have set and subscribed their respective hands and seals on the day and the year first herein above written. SIGNED SEALED AND DELIVERED BY THE WITHIN NAMED PARTNERS OF THE PARTNERSHIP FIRM NAME OF THE PARTNER PHOTO SIGNATURE 1) SHRI DATTATREY VALKU MHASE (Party of the First Part) s02 2) SHRI MAHESH JANARDAN| m vig- VISHE (Party of the Second Part) In the Presence of 1) Ar. Bhupendra Mhase pahs 2) Adv. Ashwini Kor Before Re, olua RajenaraI Shivankar B.SL, LS . NOTED ®ISTERED Sr, No... I22 NTD Cor Betaur . * 03 Maar 222 oMTTAKDED2 ATTATRET VALRUHAH VALMU MAHADO EHAS SKPM7278 Daharey Vaksa T'DOB:01AH19S7 A050 6026 0468 Govonmortoinda Mahesh Janerdhan Vishe T Year of Barth 1977 TE Maie 5154 7789 2987 onAutvony of india CK Rod, Neer Sai Mand Kp.apu. Kugaon,Thana, 503 5154 7789 2987 GOVT OF INDEA