DEED OF PARTNERSHIP

This deed of Partnership is executed at Islamabad on this 24th day of April, 2018 among the
following:

(1) Mr. Nawab Zada Mohsin Ali Khan S/o

Resident of: House no.208 Street No.33, Sector F-10/3 Islamabad
17301-1480930-3
(Herein after called Partner No.
1)
(2) Mr. Zia UlMulk S/o Munawar Jan
Resident of : Mianki Banda, PO Inzer Banda, Tehsil Takhte Nusrati, Distt; Karak, kpk
142039-687640-3

(Herein after called Partner No.

2)

The above partners have agreed to start a partnership business on the following terms and
conditions: -

1. That the first partner namely Nawabzada Mohsin Ali Khan is absolute owner of the Sheen
Ghar flour Mills and sleeping partner who is investing while second partner namely Zia ul
Mulk is working partner in this partnership deed.

2. That the name and style of the business was previously registered as “Sheen Ghar Flour
Mills Ltd”. and will continue.

3. That the nature of the business shall be Supply & Grinding of Wheat and Flour selling and
Management or any other business which is collectively decided by the partners.

4. That the place of business shall be “ Takhte Nusrati, Distt: Karak, KPK” or at any other
place / places as decided mutually by partners from time to time.

5. The Investment/Sharing ratio of Partner # 1 shall be “Sheen Ghar Flour Mills Ltd”.

6. The Investment/Sharing ratio of Partner # 2 shall be Rs.50,000,00/- (Rupees Five Million)

As a Cash Investment.

7. That the capital of the Business shall be increased or decreased according to the financial
requirements of the firm’s business.

8. That the amount of retained profits can be withdrawn / distributed between the partners
according to profit sharing ratios keeping in view the liquidity position of the firm.
9. That Partner No.2 Mr. Zia Ul Mulk is authorized to manage all the Operational Activities
of the business.

10. Partner # 2 will work on regular basis or Part time when and where required as agreed
through mutual consent.

11. That the Partners shall share Net profit and loss of the business in the following ratios:

S.No NAMES NET PROFIT SHARING

1. Mr. Nawab Zada Mohsin Ali Khan RATIOS
50 %
2. Mr. Zia Ul Mulk 50 %

12. The profit and loss of the business shall be distributed among the partners once in a year
at the close of financial year or as decided mutually among the partners.

13. That the distribution of profit, if any to partners shall be made according to profit sharing
ratios.

14. That the running expenses including utility bills and other running costs of machinery and
mills are deducted from the earnings.

15. That all kinds of taxes incur will be borne by the both the parties equally according to their
net profit sharing ratio from their respective profits

16. That the partners will be allowed to have their own business other than this partnership,
however, this partnership will not hurdle for any act/ dealing/ transactions of partners
other than relating to this partnership business.

17. That the partners shall remain faithful to each other in all their dealings what so-ever and
will conduct the affairs of the firm in such a way as would benefit the partners.

18. That the partnership shall be AT WILL and can be terminated by giving 3-month notice by
Partner # 2. While Partner # 1 will be bound for 03 Years as an owner of the Business.

19. That proper books of accounts shall be maintained for the firm as per international
accounting practices. The books of accounts will be closed at the end of 30 th June each
 year. The profit and losses ascertained in the audited financial statements will be carried
to the respective accounts of the partners in accordance with their profit sharing ratios.

20. That all the transactions would be through Banking Channels among the Partners if
possible.

21. That in case of death of any partner the legal heirs duly authorized by the deceased
partner shall be admitted into the partnership by the surviving partner.

22. That in case of dissolution, the amounts invested by the partner No.2 by the way of
auction of Assets of partner No.1 after meeting the external Liabilities etc. shall be
distributed to the partners according to investments made by them and not by their profit
sharing ratios. However, the amount of retained profit / losses will be distributed on the
basis of profit sharing ratios.

23. That in the event of any dispute, doubt or conflict between the partners, the matter will
be settled through appointing an arbitrator whose decision shall be final in this behalf.
However, Partner # 1 will be responsible to handle it, if there is any dispute from a 3rd
Party prior to this Agreement.

24. That any other matter not specifically mentioned in this Deed of partnership should be
governed under partnership Act, 1932 as adopted by Pakistan and amended from time to
time.

In witness whereof the partners have affixed their signatures to this deed of partnership in
presence of the witnesses on the day, month and year mentioned above.

Partners

1. ______________________________
Mr. Nawab Zada Mohsin Ali Khan (Partner No. 1)

CNIC #

2. ______________________________
Mr. Zia Ul Mulk (Partner No. 2)
CNIC # 14203-9687640-3

Witnesses
___________________________ 2.
______________________________