PARTNERSHIP DEED

"This agreement is made between [javed khan], a [Partner A], and

[Sahil mansoori], a [Partner B]

This Partnership Deed is made on the 24/09/2024

A. [javed khan], [Son/] of [Mr.Ishrar Khan], residing at [504, Sai building kopar
khairane Navi Mumbai ,400709] hereinafter referred to as FIRST PARTNER
B. [Sahil mansoori], [Son/] of [Mr. Salman Mansoori], residing at [Office [02] Ram
tower Malviya nagar, South Delhi, Delhi (110017) hereinafter referred to as
SECOND PARTNER

1. NAME AND NATURE OF THE FIRM

The partnership business shall be carried under the name [Mobixplore Enterprises], and the
nature of the business shall be

1.1 Partner [A] make mobile phones

1.2 Partner [B] about the product’s development and marketing will be made

2. BUSINESS PLACE

The principal place of business of the partnership firm will be at [Office [02] Ram tower
Malviya nagar, South Delhi, Delhi (110017)]

3. CAPITAL CONTRIBUTION

The capital of the firm shall be contributed by the partners as follows:

 First Partner will contribute [Rs.150,000].

3.1Partner [A]
  Cash investment: [Rs 100,000 ]
 Value of Technical Resources: [ Rs 50,000] (this could include software
development tools, technology infrastructure, etc.)
 Total investment [Rs 150,000]

3.2Partner [B]
 Cash Investment: Rs 50,000
 Value of: Rs 100,000 (product development and marketing)

4. PROFIT AND LOSS SHARING

The the partnership firm shall be shared in the following ratio:

 First Partner: [50]%

5. DUTIES AND RESPONSIBILITIES OF PARTNERS

Each partner shall actively participate in the business, fulfill their respective duties, and manage
the business operations. Specific roles include:

 First Partner: [could include software development tools, technology infrastructure

6. BANK ACCOUNT AND ACCOUNTS MAINTENANCE

The partnership firm shall maintain its bank account in the name of [Mobixplore Enterprises],
and both partners will be authorized signatories for the account. Accurate and complete financial
accounts of the firm shall be maintained and regularly reviewed by both partners.

7. DURATION OF THE PARTNERSHIP

The partnership is established for a period of [5 year], starting from [2/10/2024], unless earlier
dissolved in accordance with this deed.

8. RETIREMENT OR DEATH OF A PARTNER

In the event of the death or retirement of a partner, the remaining partner shall have the option to
buy the outgoing partner’s share at a value determined by the firm’s accounts.

9. ADMISSION OF NEW PARTNERS

No new partner shall be admitted into the partnership without the consent of the existing
partners.
9.1 Discuss with Existing Partners

9.2 Draft a New Partnership Agreement or Amendment

9.3 Define Roles and Responsibilities

9.4 Draft a New Partnership Agreement or Amendment

10. DISSOLUTION OF PARTNERSHIP

The partnership may be dissolved in the following circumstances:

10.1 Mutual consent of the partners

10.2 Death of a partner (unless otherwise agreed upon)

10.3Insolvency of any partner

10.4 Conditions for Dissolution

11. ARBITRATION

In case of any disputes between the partners, the matter shall be referred to arbitration in
accordance with the Arbitration and Conciliation Act, 1996 or any statutory modification
thereof.

12. ACCOUNTS

The firms shall regularly maintain in the ordinary course of business, true and correct accounts of
all its transactions and also of all its assets and liabilities, the property books of account, which
shall ordinarily be kept at the firm’s place of business. The accounting year shall be the financial
year from 1st April onwards and the balance sheet shall be properly audited and the same shall be
signed by all the Partners. Every Partner shall have access to the books and the right to verify
their correctness.

13.OPERATION OF BANK ACCOUNTS

The firm shall open a current account in the name of [Partnership Firm Name] at any bank and
such account shall be operated by [javed khan] and [Sahil mansoori] jointly as declared from
time to time to the Banks.
14. SEVERABILITY:
This deed constitutes the entire understanding/agreement between the parties taking precedence
over and superseding any prior or contemporaneous oral or written understanding. Unless
otherwise provided herein, this deed can not be modified, amended, rescinded or waived, in
whole or part except by a written instrument signed by all the parties to this deed. The invalidity
or unenforceability of any terms or provisions of this deed shall not affect the validity or
enforceability of the remaining terms and provisions of this deed, which shall remain in full force
and effect.

15.REGISTRATION:
The Firm shall be registered pursuant to the Indian Partnership Act and Firm shall subsequently
apply for the requisite licenses/ approvals for conduction of its business to the appropriate
authorities. Any change which may occur in the particulars to be furnished there under shall
forthwith be notified to the Registrar of firms in a statement specifying the date and nature of
such change signed by all the Partners and /or by the Managing Partner. The emblem/ logo of the
Firm shall be printed on the letterheads of the Firm and the said emblem/ logo of the Firm shall
be duly applied for registration as a trademark, to the appropriate authority.

16.DETERMINATION OF PARTNERSHIP:
On the determination of Partnership from whatever cause, the Partnership shall be wound up and
the assets, movable as well as immovable, shall be distributed amongst the Partners in the profit
sharing ratio mentioned hereinbefore or in any other manner as may be mutually agreed upon
between the Partners at the time of dissolution.

17. PROVISIONS OF INDIAN PARTNERSHIP ACT:

That for all other matters not specifically mentioned in this Partnership deed, the provisions of
Indian Partnership Act shall apply. IN WITNESS WHEREOF the parties herein have hereunto
set their respective signatures on the day, month and year first herein above written.

ANNEXURE-“A” (Monthly Single Sheet as per Clause 5 for the Month of xx) Details of
Expenses for the xx Partner S.NO NATURE OF EXEPENSES PARTY NAME DATE OF
BILL/ INVOICE/ CASH MEMO BILL/ INVOICE/ CASH MEMO NO. AMOUNT IN RUPEES
1. PETROL xx
2. TELEPHONE xx
3. CREDIT CARD xx
4. TRAVEL xx
5. ATTENDANTS xx
6. HOUSE RENT xx
7. FURNISHING xx
8. GRAND TOTAL
Note: In case of more expenses heads additional sheet shall be attached.

SIGNATURES

First Partner:
(Signature)
Name: [Partner 1's Full Name]
Date: [Date]

Second Partner:
(Signature)
Name: [Partner 2's Full Name]
Date: [Date]