DEED OF PARTNERSHIP This Deed of partnership made on 1st day of august of 2010 between: Mr.., aged about .

years, S/o. .., R/o .. hereinafter called as First Party; Mr. .., aged about 34 years, S/o. ., R/o , hereinafter called as the second party. WHEREAS The Aforesaid Persons Have Agreed to execute this partnership deed for the purpose of carrying on business of buying selling, developing, housing, commercial, land development projects & civil designing services. WHEREAS all the parties, namely first party & second party heretofore, to this deed have agreed to form a partnership under the name and style M/s . and are desirous to reduce the terms of partnership in writing. NOW the parties heretofore hereby execute this DEED OF PARTNERSHIP out of their own free will on the terms and conditions noted hereunder:
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That the partnership business shall be carried on under the name & style of M/s. .. That the principal place at.. of business shall be

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That the partnership firm may open its office at any other place mutually agreed upon between the first & second party. That the main business of the partnership firm shall be to do the business of developing, housing, commercial, land development projects & that it shall also be carrying on Allied Activities in addition to such other business or businesses. That the profits & losses of the firm shall be distributed as follows: First Party 50 % Second Party 50 % The first party has paid amount by cheque no. _____________ as capital. The second party has paid amount by cheque no. _____________ as capital.

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8. That further capital shall be invested by each partner as per their profit sharing ratio. 9. That in case any partner is unable to invest his capital, he shall be liable to pay interest @ _____% to other partners whose capital is in excess.
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That the accounts of the firm shall be maintained in the ordinary and usual course of business and shall be closed on the 31st day of March every year. The aforesaid books of accounts shall remain open for inspection to all the partners at reasonable times and the partners shall have rights to obtain extracts there from..

11. That no partner shall raise any loan in the name of partnership for his personal use & in case he does so, he alone shall be responsible for the repayments & interest thereon.
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That in case of dissolution of the partnership firm because of mutual consent of the partners or because of any unavoidable reason, the assets & the liabilities of the Partnership Firm shall be divided between the partners as per their share in the Partnership. The retirement, death or insolvency of any partner shall not cause dissolution of the partnership firm, but their heir, successor of the deceased partner will become the partner for the firm.

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That the partners shall contribute such sums to the capital of the firm, whether in form of cash or otherwise, as may be required from time to time. Further it is agreed by & between the parties heretofore that simple interest not exceeding @ 12 % p.a. shall be payable to all partners on the amount standing to the credit of their capital accounts. It is hereby agreed that the remuneration payable to the partners shall not exceed the following limits: First Party b. Second Party
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Rs. 3000.00 per month. Rs. 3000.00 per month.

15. That in case of dispute the matter shall be referred to a mutually appointed arbitrator whose verdict shall be final & binding on all the partners, all the terms of Arbitration & Concilliation Act, 1996 shall persist.
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That a banking Account shall be opened in a bank which shall be operable by first & second party jointly. No cheque shall be deposited in any other bank except this account. That all partners shall be the working partners & shall work honestly & diligently for the common benefit of the partnership & the general business policy shall be mutually determined. That the books of accounts shall be kept at principal place of business. That no new partner shall be admitted to the business of the partnership firm without the mutual consent of both the partners. It is hereby mutually agreed by the aforesaid first & second party, that with mutual consent the firm, M/s can carry out business in joint ventures with other parties and the profit earned will be shared as per the profit sharing ratio.

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IN WITNESS WHEREOF, the partners hereto have signed the DEED on the day and date above written.

WITNESSES

() (PARTY OF THE FIRST PART)

WITNESSES () (PARTY OF THE SECOND PART)