DEED OF PARTNERSHIP

THIS DEED OF PARTNERSHIP is made and executed at Chennai on the 20th day of
March 2024

BY & BETWEEN

Mr.EVEREST PALRAJ, S/o Mr.PALRAJ, aged about 50 years (Aadhar 4578 9957 7232)
residing at No. 119, South Street, Sellur, Muthukulathur, Sellur, Ramanathapuram - 623712.
hereinafter called the PARTY OF THE FIRST PART.

&

Mr.G.ANBALAGAN, S/o. GANDHI, aged about 54 years (Aadhar no : 9400 4041 9459)
residing at No.1/166, Dindigal Main Road, Jivalsaragu, Sembatti Post, Dindugal Dist – 624707.
hereinafter called the PARTY OF THE SECOND PART.

( PARTY OF THE FIRST PART) (PARTY OF THE SECOND PART)

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WHEREAS the Party of the First Part and Second, have decided to carry on the business of
M/s ME TOO COMMUNICATION under the name and style of the business will be M/s. ME
TOO COMMUNICATION.

NOW THIS DEED of Partnership Witnessed and it is hereby mutually agreed as follows
without any break, but with this new Deed of Partnership :-

1. The Name and Style of partnership business shall be RUNNING MOBILE &
APPLICATION MANUFACTURING & SERVICES and the Principal place of business
shall be situated at No. 1/655 D, Dindigul Main Road, Near IOB Bank,
Pachamalayankottai, Dindigul District - 624707 and/or any other place or Places as may be
agreed upon between the parties mutually from time to time.

2. The business of the Partnership shall be to act as RUNNING MOBILE & APPLICATION
MANUFACTURING & SERVICES and/or any other nature of business the Partners may
decide mutually from time to time.

3. The Partnership shall be ONE AT WILL.

4. The Capital of the Partnership shall be Rs.1,00,000 ( Rupees One Lakh only ) and shall be
contributed by the partners hereto as under :

AMOUNT % of
PARTY
Rs. Contribution
PARTY OF THE FIRST PART 70, 000 70%

PARTY OF THE SECOND PART 30,000 30%

The Partners shall contribute additional capital, as when required and such capital shall be
credited to their respective Capital Accounts.

5. Interest at the rate of 12% per annum or at such other rate as may be prescribed by the
Income Tax Act, 1961 or any rules there of which may be in force for the relevant financial
year shall be payable to the partners on the amount standing to their credits in Capital
Accounts, Current Account and loan Account with the firm.

( PARTY OF THE FIRST PART) (PARTY OF THE SECOND PART)

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6. True and proper books of accounts shall be maintained and closed to prepare profit and loss
account as on 31st March each year. The books shall be open for inspection by the partners
at the office of the firm on all working days during the Office hours.

7. Funds may be borrowed for the purpose of business with the notice and concurrence of the
partner.

8. The profit or loss of the firm after providing all expenses, depreciation, salary and interest
to partner shall be divided among the partners in the ratio given below:

PARTY OF THE FIRST PART 70%

PARTY OF THE SECOND PART 30%

9. The partners here to may Open Joint Bank Accounts in any approved
Bank/Banks and such account shall be operated by all Partners and
Working partner jointly and for that purpose sign, negotiate and endorse
Cheques, documents, bills etc., for and on behalf of the firm.

10. The partners are allowed to draw cash as and when necessary and such drawing shall be so
regulated as not to cripple the funds of the company.

11. If any partner wishes to disassociate himself with the firm, hereinafter called the outgoing
partner, they shall do so only after giving a clear notice of their desire to disassociate, at-least
three months in advance in writing to the remaining partner.

12. The outgoing partner shall have no right whatsoever over the assets of the firm. However
the books of account will be closed and the outgoing partner shall be entitled to their share
of the profit or loss and on the date of their disassociation from the firm. The outgoing
partner shall not be entitled to any good will.

13. In the event of death or retirement of any of the partners the accounts shall be closed as on
that date, profits or losses ascertained and the share of the deceased/retiring partner shall be
paid to the legal heir/ heirs of the deceased/ retiring partner together with Capital less
drawings, within a month of death / retirement failing which the same shall be paid with
interest at 12% per annum.

( PARTY OF THE FIRST PART) (PARTY OF THE SECOND PART)

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14. Each Partner shall be just faithful to the other partner and shall render true accounts and full
information of all the matters affecting the partnership.

15. In the event of any dispute arising on any matter affecting the firm parties hereto agree that
one matter be referred to an Arbitrator and the provision other Indian Arbitration Act shall
reply in such cases.

16. E-Save as otherwise expressly provided for herein, the provisions of Indian Partnership Act
shall apply to this Partnership.

17. The Partnership firm will be closed on the date of death or retirement of any partner which
falls earlier.

IN WITNESS WHERE OF THE AFORESAID PARTIES HAVE SET THEIR HANDS THIS
DAY. MONTH AND YEAR FIRST ABOVE WRITTEN.

WITNESSES :

1.

( PARTY OF THE FIRST PART)

2.

(PARTY OF THE SECOND PART)