Partnership Deed

ANKIT VIJH (PAN: AGMVV3047L) S/o Sh. Davinder Kumar Vijh, R/o- R-3/36, Rajnagar, Ghaziabad - 201002, hereinafter referred to as the Partner of the Second Part (DOB- 15.01.1989);

WHEREAS the Partners of the First Part to Second Part have mutually decided to carry on (i) Real Estate & Construction Business which includes Construction, Purchase, Sale & Leasing of Plots, Flats, Houses, Ware Housing and all kinds of properties; & (ii) Logistics Business and/or any other business under the name & style of "MANIKYA ENTERPRISES" in partnership having its principle place of business at C/O Sh. Davinder Kumar Vijh, R-3/36, Rajnagar, Ghaziabad - 201001 and/or such other place(s) as may be decided by the all the partner by mutual consent.

AND WHEREAS the all the aforesaid parties, desire that the terms and conditions which shall govern their relationship as partners, be reduced to writing.

NOW THEREFORE, THIS DEED WITNESSETH AS FOLLOWS:

That this deed is effective from Saturday the 20th Day of April, 2024.

That the Partner to this deed shall carry on the business of (i) Real Estate & Construction Business which includes Construction, Purchase, Sale & Leasing, of Plots, Flats, Houses, Ware Housing and all kinds of properties & (ii) Logistics Business under the name & style of "MANIKYA ENTERPRISES". However, by their mutual consent the said parties may start and carry on any other business(es) under any other name or names.

That the principal place of business shall be situated at C/O Sh. Davinder Kumar Vijh, R-3/36, Rajnagar, Ghaziabad - 201001. However, if necessary, can change and/or to expand/control their business more effectively, can open its branch(s) at some other place(s), as mutually decided upon by them.

That the Capital of the firm shall be contributed by the Partners, as may be decided by them mutually from time to time.

That the partners shall be credited the interest calculated subject to maximum at the rate of 12%p.a (or at such amended rate as may be provided under the Income Tax Act, 1961) or as may be decided by the partners mutually from time to time, on the balances for the time being standing to the credit of partners' capital accounts in the firm.

That all the Partners to this deed shall be the Working Partners and shall actively devote time & attention to the affairs of the business of the partnership and carry on the same for the greatest advantage of the Firm.

That all the working partners shall be entitled to partners remuneration of Rs. 10000/- p.m. subject to availability of profits.

That each of the partner shall be entitled to withdraw out of the partnership business, any sum of money or sums of money for his/her own use with the consent of other partners and the amount so withdrawn out of the partnership, shall be debited to the personal account of the partner concerned.

That shares of the partners in the profits and losses of the firm arrived at after payment of interest and salary to partners, as applicable as above shall be as under :-

Ankit Sharma, Partner of the First Part: 75.00%

Ankit Vijh, Partner of the Second Part: 25.00%

That the partnership shall be "at will". But any party desiring to sever his connection with the partnership firm, can do so, by giving at least one month notice in writing to the other partners, of his intention in this behalf, and at the expiry of such period, the said partnership may be reconstituted by the remaining partner(s) by way of admission of one or more partners or otherwise.

That in the case of retirement or death of any partner, the firm shall not be dissolved and shall continue, at the same place or any other place(s), by the remaining partner(s) with or without admission of one or more partners and also the continuing partners shall be free to carry on business either in the same name & style or in any other name as the partners may decide by mutual consent. All the assets and liabilities of the erstwhile firm shall be vested into the remaining partner(s) of the firm.

Each of the Partner shall have free access to the account books of the Partnership and shall be entitled to take copies or extracts from any or all such books and records of the Partnership Business.

That the Partners shall keep or cause to be kept the books of account of the Firm at the principal place of its business and make all entries therein, and that all such books of account kept shall be closed on 31st March every year or in the case of any necessity on any other date as the Partners may mutually decide.

That the firm shall operate account with one or more banks in the name of the firm, as the partners from time to time may mutually decide, which shall be operated by the signatures of the partner having majority share in the profits and losses of the firm.

That the parties to the deed shall be entitled to change/modify/alter and/ or add any term or terms of this partnership deed by mutual consent, by another supplementary deed.

That in case of any dispute arising out of this DEED between the Parties, it shall be decided by Arbitration as provided for under the Indian Arbitration Act.