PARTNERSHIP DEED

This DEED OF PARTNERSHIP entered into at Amritsar on this 05 t h day of

August 2021.
BETWEEN
(1) Sh. Sarbjit Singh S/o of Sh. Mahinder singh, aged about 46 years residing at H
No. 60, Near Gas Agency, Roop Nagar, Amritsar-1, Amritsar, Punjab-143001,
hereinafter called the PARTY OF THE FIRST PART.
(2) Sh. Amit Dhawan S/o Sh. Charan Dass Dhawan, aged about 48 years residing at
H. No.568, Mall Mandi, New Golden Avenue,Amritsar-1, Amritsar, Punjab-
143401, hereinafter called the PARTY OF THE SECOND PART.

(the Party of the First part and Second part (hereinafter collectively called as
parties) which term shall wherever the context permits, mean and include their
respective heirs, executors, administrators, legal representatives and assigns;)

WHEREAS the above said parties have decided:

 To carry on the business of trading of Spices, Cereals, Nuts, Herbs, Dry fruits
and other FMCG (Food & Beverages) products.
 To carry on any other business as the partners may mutually decide within
India or abroad.

under the name and style of “MEHR SERVICE PROVIDER” at Oshan

Building, Near MRZ Honda Showroom, Ram Talai chowk G.T. Road ,
Amritsar, Punjab-143001. They mutually decided to put all the terms and
conditions of the partnership in writing which are produced here-in-below.

NOW THIS DEED OF PARTNERSHIP WITNESSETH AS UNDER:

1. The Partnership and all terms and conditions thereof shall come into effect
on this 05 t h day of August 2021.

2. That the business of this partnership shall be carried on under the name and
style of M/s MEHR SERVICE PROVIDER (hereinafter refer to as “Firm”)

3. That the principal office of business shall be situated at “ Oshan Building

Near MRZ Honda Showroom, Ram Talai Chowk, G.T Road, Amritsar ,
Punjab.” or at such other place or places which the partners may agree
upon from time to time. The Parties may, however open and operate any
number of branch or branches in India or outside India.

4. The duration of the firm shall be “AT WILL”.

5. That the Nature of business of Partnership firm shall be:

 To carry on the business of trading of Spices, Cereals, Nuts, Herbs, dry
fruits and other FMCG (Food & Beverages) products.
  To carry on any other business as the partners may mutually decide within
India or abroad.

6. The Total Capital of the firm shall be contributed by the partners as per
Profit Sharing Ratio or as mutually decided between them.

7. The Net Profit of the Partnership Business as per the accounts maintained
by the partnership after deduction of all expenses relating to the business as
well as interest and remuneration payable to the partners in accordance with
this Deed of Partnership or any supplementary deed as may be executed by
the partners shall be divided and distributed among the partners as given
below:
Sr No Name of the Party Share in Profits
1 Sh. Sarbjit Singh 50%
2. Sh. Amit Dhawan 50%

The Loss, if any suffered in any year shall be appointed to the partners in
the same proportion as mentioned above.

8. That all the parties to this deed have agreed to keep themselves actively engaged in
conducting the affairs of the business of the partnership firm. The said partners shall
be working partners. It is hereby agreed to that in consideration of the said parties
keeping themselves actively engaged in the business of the partnership firm and
working as working partners, shall be entitled to remuneration The aggregate salary
per year shall not exceed the limit as fixed by the Income Tax Act, 1961 as amended
from time to time. That the quantum of salary, can be increased or reduced to a sum
as will be mutually be decided by the parties hereof. Any drawings by the parties
hereof as salary in excess of the permissible limit as fixed by the Income Tax Act,
1961, from time to time. Such amount/s shall be refunded to and/adjusted in the
 amounts at the close of the year and will be debited to their respective capital
accounts/s as will be mutually be agreed by the partners, the parties hereof.

9. That interest at the rate of 12% per annum or as may be prescribed under section 40(b)
(iv) of the Income-tax Act, 1961 or any other applicable provisions as may be in force in
the income-tax assessment of the partnership firm for the relevant accounting period or at
a lower rate as may be agreed to by and between the parties from time to time shall be
paid to the partners or credited to the partners on the amount standing to the credit of the
account of the partners. Such interest shall be considered as an expenditure of the firm
and shall be debited to the Profit & Loss Account of the firm before arriving at the
divisible profit or loss. The interest to persons other than partners shall be paid or
credited to their accounts at the rate or rates as may be agreed to by and between the
partners and such persons from time to time.

10. If the firm requires any additional funds, any partner may advance such
funds or firm may borrow from any bank or financial institutions or from
such other persons at such rates in the best interest of the partnership
business. All the transactions of the firm shall be carried in the name of the
firm, only with the consent of the partners. The private borrowings of the
individual partners shall not bind the firm.

11. Bank account or accounts shall be opened in the name of the firm. All Bank
Account/s shall be operated upon either of the parties/ jointly by both
parties hereto or as mutually agreed between them.

12. The cheques, demand drafts and other negotiable instruments etc., which
are paid by the customers regarding the above said conduct of business to
this firm’s name, will be deposited in the partnership firm’s account.
13. All transactions of the firm shall be done in the name of the partnership firm and all
goods shall be purchased or sold in the firm name. All the bills, vouchers, delivery
notes, receipts, etc. shall be issued in the name of the firm.

14. The firm and each partner of the firm shall maintain and shall arrange to
maintain the proper books of accounts for recording all transactions done
by the firm in the ordinary course of business. These books shall be placed
at the principal office of the firm at “ Oshan Building, Near MRZ Honda
Showroom, Ram Talai Chowk, G.T road, Amritsar, Punjab-143001 .” or
at such other place where normal business activities of the firm is carried
out and shall be open for inspection by any partner or his agent who shall
be entitled to extract or copy there.

15. No person shall be admitted to the partnership without mutual consent of

the other partner hereto.

16. The accounts of the firm shall be closed on 31 st day of March of each
year.

17. The partners may mutually agree to increase the capital of the firm by
bringing in additional contributions in the proportion of shares held by
them in the initial capital of the firm.

18. The partners are eligible to get loan from banks/financial institutions in
the name of partnership firm only in the best interest of the firm.

19. The partnership shall be dissolved with mutual consent of all the partners.
Any notice hereby required or authorized to be given to any of the said
partner shall be sufficiently given by leaving the same addressed to his at
the principal place of business of the firm or by sending the same to his
usual or last known address by registered post.

20. That notwithstanding anything contained in the Indian Partnership Act it is hereby
mutually agreed to by and between the parties that in case of death of any one or more
partners, the firm shall not be dissolved but shall continue to be carried on by and
between the surviving partners and legal heirs and/or representatives of the deceased
partner, as a continuing concern, on the same terms and conditions as incorporated in
this Deed or on such terms and conditions as may be agreed to by and between them
from time to time. It is hereby further clarified that it shall be deemed as change in
constitution and not succession.

21. No partner (unless he is the purchaser of such business) shall directly or indirectly
carry on or be concerned or interested in a similar business in his own name or in the
name of firm or similar name in the locality of the firm within a period of 3 (three)
years from the date of retirement from firm.

22. All disputes and differences whatsoever which shall arise between the partners or
between the partners and the personal representatives of the deceased partner relating
to any matter whatsoever touching the affairs of the partnership or the interpretation
of this agreement and whether before or after the determination of the partnership
shall be referred to a single arbitrator, if the parties agree upon one, otherwise to three
arbitrators one to be appointed by each party to the difference in accordance with and
 subject to the provisions of the Arbitration and Conciliation Act, 1996 or any
statutory modification or re-enactment thereof for the time being in force.

23. In matters not provided for in this deed, the law of Partnership prevailing
in the State of Punjab with all the relevant amendments from time to time
shall be applicable to this Deed of Partnership.

IN WITNESS WHEREOF the parties referred to above have signed this deed
on the day, month and year mentioned above.

1. 2.
Party of the first part Party of the second part
(Sh. Sarbjit Singh) (Sh. Amit Dhawan)

WITNESSES:

1. `