PARTNERSHIP DEED

This DEED OF PARTNERSHIP made this 29th day of September 2012 between Zulfiqar
Ahmad Saleemi(Bearing C.N.I.C. # 42301-2514634-9),son of Ch Mohammad Ismail, resident of Flat #
D-9, 5th Floor, Shangrilla Apartments Plot # 20 Dr Zia Uddin Ahmed Road Karachi - 75530 And Abrar
Ashraf (Bearing N.I.C.O.P. # 374056-826919-5), son of Mohammad Ashraf resident of House #
404,Street # 8,MohallahHafizabad,Westridge, Rawalpindi hereinafter called the partners of the First
Part and Second Part respectively.

WHEREAS the Parties of First and Second Part by virtue of their partnership deed dated 29th
September 2012 have been carrying on the business of Security Consultancy Services under the
name and style of Secure Options Group with its registered office at House # 404, Street # 8,
MohallahHafizabad, Westridge, Rawalpindi.

1) OBJECTS AND SCOPE OF FIRM

AND WHEREAS FIRM IS FORMED UNDER THE NAME & STYLE OF SECURE OPTIONS GROUP
with the objects of providing Security Consultancy Services pertaining to but not limited to the
services mentioned hereunder.

▪ Physical Security including Manned Guarding

▪ Perimeter Security and Intrusion Detection Systems
▪ Electronics Security including Intruder Alarms, Fire Alarms, Access Control Systems,
Closed Circuit Television Systems, Remote Video Monitoring, Central Monitoring
Stations
▪ Baggage Screening X-ray Machines, Metal Detector Walk Through Gates, Explosive
Detectors
▪ Guard Tour Systems
▪ Eavesdropping Equipment
▪ Fire Detection, Fire Prevention and Fire Fighting Equipment
▪ IT Security
▪ Security Training at all levels including Certified Training Courses
▪ Threat Assessment & Analysis
▪ Risk Assessment &Management
▪ Security Surveys& Audits
▪ Crisis Management
▪ Disaster Recovery and Management Plans
 ▪ Standard Operating Procedures for all Security Related Systems & Services
▪ Work Place Violence
▪ Emergency Evacuation Plans
▪ Business Continuity Management
▪ Corporate Security Management
▪ Executive Protection
▪ Travel Safety, Security and Travel Advisory
▪ Situation Reports and Threat Alerts
▪ Political Risk Analysis
▪ Loss Prevention
▪ Supply Chain Risk Management
▪ Health, Safety & Environment

2) TERMS AND CONDITIONS

AND WHEREAS it is deemed necessary and desirable that a regular Deed of Partnership be
produced in writing and executed on the terms and conditions mentioned hereunder.
NOW THIS DEED WINTESSETH AS UNDER: -
The Partnership shall come into effect from 29th September 2012 and shall be for an indefinite period
unless it is determined.

3) NAME AND REGISTERED OFFICE OF THE FIRM

3.1 That the name and style of the Partnership firm hereby formed shall be under the same
names and style of Secure Options Group with its registered office at House # 404, Street # 8,
MohallahHafizabad, Westridge, Rawalpindi, its Regional Office at D-9, 5th Floor, Shangrilla
Apartments, 20-Dr. Zia Uddin Ahmed Road, Karachi-75530 or other branch(s) at such place(s)
as the parties may mutually decide.
4) CAPITAL, ACCOUNTS& ASSETS

4.1That the amount standing to the credit of the personal accounts of the Parties of First and
Second Part in the books of above firm as on 29th September 2012 shall be treated as
contribution by them to the capital of the Partnership.
4.2That further finance required for the purpose of business of the firm shall be contributed by the
parties in such rate as may be mutually agreed upon.
 4.3 That the regular accounts books shall be kept in due course of business in which shall be
faithfully recorded all the transactions entered into by the firm and such books shall be closed on -
30th September of every year or/on any other convenient or auspicious day as may be mutually
agreed upon between the parties hereto from time to time.

4.4 That on closing the account books in the aforesaid manner, a regular profit & Loss Account
shall be prepared and a balance sheet shall be drawn up.

4.5 That the Profits & Losses shall be divided between and borne by parties hereto in the
following proportions:
Partner: 50% of share in Profits and Losses.

4.6 That any partner may at any time inspect the book(s) of accounts.

4.7That all the assets and liabilities of the firm as on 29th September 2012 tangible or otherwise,
would be taken over by the Partnership at its book value and shall be deemed to be assets and
liabilities of this Partnership and all the Parties hereto will have equal rights/liabilities thereon.

4.8 That all rights of the firm as on 29th September 2012 namely marketing license, Trade marks,
Sales Tax registration, Telephone connections, Tenancy rights, Lease rights, Ownership right
etc. shall be deemed to be the rights of the partnership and all the parties hereto will have equal
rights/liabilities thereon.

5) DUTIES, LIABILITIES & RIGHTS OF THE PARTNERS

5.1That each partner shall:

(a) Diligently attend to the business of the Partnership and devote her/his necessary time and
attention thereto.
(b) Punctually pay his separate debts and indemnify the other partner and the Assets of the firm
against the same and all expenses therefore.
(c) Upon every reasonable request inform the other Partner of all letters, accounts, writings and
such other things which shall come to her/his hands or knowledge concerning the business of
the Partnership.

5.2 That neither Partner shall without the consent of the others:
(a) Lend any of the money or deliver upon credit any of the goods of the firm to any
person or persons whom the other Partners should have previously in writing
forbidden him/her to trust.
 (b) Raise or advance any loan in the name of or on behalf of the firm without due
consent/approval of the partners.
(c) Assign, charge or transfer his shares in assets or profits of the firm.

6) BANK ACCOUNT

6.1 That the Current Account under the title “SECURE OPTIONS GROUP” will be operated in this
business and the cheque book(s) will be signed and operated by partners as declared/mutually
agreed upon at the time of opening such account(s).

7) REMUNERATION OF PARTNERS

7.1 That the parties hereto may, however, with their mutual consent pay remuneration to any of
the parties hereto at a rate that may be mutually agreed upon between them from time to time.
They shall be at liberty to increase or decrease such rate of remuneration with their consent from
time to time.

7.2That the partners will be paid an appropriate Salary as agreed mutually per month for the
services rendered to the firm and they will also be entitled to bonus(es) in accordance with the
prevailing financial position of the firm commensurate with their salary.
8) RETIREMENT

8.1 That any partner may retire from the Partnership firm, hereby formed by giving two months
notice in writing to the others but none shall leave the firm until or unless all the pending
commitments are carried out, liabilities paid off, assets realized and accounts are rendered fully
and settled finally to the entire satisfaction of each of the parties hereto.

8.2That in the event of death or retirement of any of the parties hereto the partnership firm
hereby formed shall not dissolve, but shall continue. The legal heir or the representative of the
deceased/retired shall step into her/his shoes.

9) DISSOLUTION OF PARTNERSHIP FIRM

9.1That it will always remain open to the parties hereto to amend, annul or change any term or
terms of this Deed of Partnership in the course of its business and in that event of amending,
annulling or changing any term or terms of this deed of Partnership no fresh deed shall be
required to be executed.
 9.2That upon the dissolution of the partnership in any event not hereinafter provided for the said
business, the assets, goodwill and liabilities thereof should absolutely vest on any one partner
mutually decided by the parties to the partnership.

9.3 That without prejudice to the above terms and conditions the parties hereto in all other
matters shall be governed by the provisions of The Partnership Act, 1932.

10) DISPUTES
10.1 That all the disputes or differences arising out of it and connected with the Partnership shall
be referred to the arbitrator in accordance with The Arbitration Act, 1940.
10.2 That both the parties to this deed have mutually appointed Mr. Arif K Baig as sole Arbitrator.

IN WITNESS WHEREOF, the parties of the First and Second parts here have put their respective
hands on this DEED OF PARTNERSHIP on the day, month and year first mentioned above.

WITNESSESS: PARTNERS:

1. Naeem Akhter Signatures: _________________

C.N.I.C. # _______________
Address: Abrar Ashraf
C.N.I.C # 374056-826919-5
2. Noman Ashraf
C.N.I.C. # _________________ Signatures: ________________
Zulfiqar Ahmad Saleemi
C.N.I.C. #42301-2514634-9