DEED OF PARTNERSHIP

THIS DEED OF PARTNERSHIP is made at Dayal Bagh, Agra on this 5th day of
November 2024

BETWEEN

1. Amol Ujias Saini, residing at Soami Nagar Dayalbagh, hereinafter referred to

as the "First Partner".
2. Aarat Kohli, residing at Sudhabagh DayalBagh Agra, hereinafter referred to
as the "Second Partner".
3. Kishan Kumar, residing at Madhu Nagar Agra, hereinafter referred to as the
"Third Partner".
4. Nikunj Chaurasiya, residing at Ganga Enclave DayalBagh Agra, hereinafter
referred to as the "Fourth Partner".
5. Harsh Chaudhary, residing at Akola Fatehpur Sikri, hereinafter referred to as
the "Fifth Partner".
6. Ritik, residing at Jhulelaal Colony Agra, hereinafter referred to as the "Sixth
Partner".
7. Jatin Kumar Singh, residing at Kalindi Vihar Agra, hereinafter referred to as
the "Seventh Partner".

WHEREAS the above-named partners have mutually agreed to carry on a business under
the terms and conditions hereinafter mentioned.

NOW THIS DEED WITNESSES AS FOLLOWS:

1. Firm Name
The name of the partnership firm shall be Green Leaf Agro Supplies.
2. Nature of Business
The partnership shall engage in wholesale trading and distribution of organic
agricultural inputs, including organic fertilizers, seeds, and farming equipment .

3. Place of Business
The principal place of business shall be located at 100 Feet Road Dayal Bagh Agra 5.

4. Date of Commencement
The partnership shall commence on 7th November 2024.

5. Duration
The partnership shall continue until dissolved by mutual consent of all partners or under the
provisions of the Indian Partnership Act, 1932.

6. Capital Contribution
Each partner shall contribute the following amounts as initial capital:

 First Partner: Rs. 1,50,000

 Second Partner: Rs. 1,00,000
 Third Partner: Rs. 1,00,000
 Fourth Partner: Rs. 75,000
 Fifth Partner: Rs. 75,000
 Sixth Partner: Rs. 50,000
 Seventh Partner: Rs. 50,000

Total Capital: Rs. 6,00,000

7. Profit and Loss Sharing

 Profits and losses of the partnership shall be shared in the following ratio:

 First Partner: 20%

 Second Partner: 15%
 Third Partner: 15%
 Fourth Partner: 12.5%
 Fifth Partner: 12.5%
 Sixth Partner: 12.5%
 Seventh Partner: 12.5%

8. Remuneration and Assigned Duties

Each partner shall be entitled to a monthly remuneration based on their roles and
responsibilities as follows:

 First Partner (Managing Partner): Responsible for overall management and

strategic decision-making – Rs. 15,000

 Second Partner (Operations Partner): Handles day-to-day operations and

logistics – Rs. 12,000

 Third Partner (Sales Partner): Manages client relations and sales activities – Rs.
12,000
 Fourth Partner (Finance Partner): Manages accounts, taxes, and financial
records – Rs. 10,000

 Fifth Partner (Marketing Partner): Responsible for marketing, branding, and

promotions – Rs. 10,000

 Sixth Partner (Procurement Partner): Oversees purchasing and supplier

relations – Rs. 8,000

 Seventh Partner (Quality Control Partner): Ensures product quality and

compliance with standards – Rs. 8,000
9. Rights and Duties of Partners
 All partners have the right to access the firm’s accounts and inspect books of record.
 Partners shall not engage in any business competing with the firm without written
consent from the other partners.
 Each partner is empowered to make decisions within their assigned roles, but major
decisions require the consent of the Managing Partner or a majority of all partners.

10. Liabilities of Partners

 Partners shall be liable for the firm’s obligations proportionate to their share, except
where otherwise agreed.
 Partners cannot transfer their interest without unanimous consent.

11. Retirement of Partners

 A partner wishing to retire shall give 3 months' written notice.
 The retiring partner’s share will be evaluated as per the firm's valuation practices and
paid out within 6 months.

12. Death of a Partner

 In the event of the death of a partner, the partnership shall not automatically dissolve
unless unanimously agreed upon by the remaining partners.
 The legal heirs or nominees of the deceased partner shall be entitled to the
deceased partner’s share of the capital, accumulated profits, and any goodwill as
valued on the date of death.
 The deceased partner's share shall be calculated based on the firm's latest audited
financial statements, and any additional valuation of assets or goodwill as agreed
upon by the surviving partners and legal heirs.
 The payout to the legal heirs or nominees of the deceased partner shall be
completed within 6 months from the date of death, or as mutually agreed by the
parties.
 The legal heirs or nominees shall not have the right to participate in the management
of the partnership, but they may choose to sell their share to any of the remaining
partners, subject to mutual consent and the terms of this deed.

12. Expulsion of a Partner

  A partner may be expelled by a majority decision in case of gross misconduct or
actions damaging to the firm.
 The expelled partner’s share shall be settled within 6 months.

13. Arbitration Clause

Any dispute arising out of this partnership deed shall be settled by arbitration in accordance
with the Arbitration and Conciliation Act, 1996. The arbitration shall be held in Agra.

14. Admission of New Partners

New partners may be admitted only with unanimous consent of all existing partners.

15. Bank Account

 The partnership firm shall maintain a bank account in the name of Green Leaf Agro
Supplies at [Bank Name, Branch Location].
 The bank account shall be operated jointly by First Partner (Managing Partner)
and Fourth Partner (Finance Partner).
 Withdrawals and payments exceeding Rs. 50,000 shall require the signatures of both
authorized partners, ensuring checks and balances on significant financial transactions.
 Any change in the authorization for operating the bank account must be approved
unanimously by all partners.

16. Books of Accounts

 The partnership firm shall maintain accurate and up-to-date books of accounts at its
principal place of business, located at 100 Feet Road Dayal Bagh Agra.
 Books of accounts shall include, but not be limited to, cash book, journal, ledger, sales
register, purchase register, and inventory records, ensuring comprehensive tracking of
financial transactions.
 The Finance Partner shall be responsible for maintaining the books of accounts in
accordance with accepted accounting principles and the provisions of the Indian
Partnership Act, 1932.
 All partners shall have unrestricted access to inspect the books of accounts and any
supporting documents during business hours.
 An annual audit of the accounts shall be conducted by a qualified chartered
accountant, and financial statements shall be prepared and presented to all partners
for review and approval.
 All provisions in this deed shall be governed by the Indian Partnership Act, 1932, including
but not limited to clauses regarding rights, duties, and liabilities of partners.
IN WITNESS WHEREOF, the parties hereto have set their hands on this deed as of the
date and place mentioned above.

Signature Witnesses
First Partner

Second Partner

Third Partner

Fourth Partner

Fifth Partner

Sixth Partner

Seventh Partner