SU PLEM IN T A R Y PA RTN ER SH IP D EED

THIS AGREEMENT made at Chennai this 08 Day of August - 2022

1. A ANTHONY RAJ, S/o ALEXANDER aged about 62 years, residing at,

PLOT NO.29 MGR STREET SANTOSHPURAM CHENNAI 600073 FIRST
PART (hereinafter referred to as "FIRST PART” )

2. Mrs N NIRMALA W/o ANTHONY RAJ aged about 60 years, was residing
at PLOT NO.29 MGR STREET SANTOSHPURAM CHENNAI 600073

The above parties ENTERED the partnership through the partnership deed
dated 26-Feb-2016 to conduct the business in the name and style of M/s HB
MULTI BRAND CAR SERVICE GST No 33AAJFH2896N2ZR and office at NO 96,
CHELLAPPA NAGAR, SANTHOSAPURAM, Kanchipuram, Tamil Nadu, 600073.

Mrs N NIRMALA W/o ANTHONY RAJ, PASSED AWAY on 05-09-2021, Death

Certificate No.D-2021:33-16871-000448 dated 25-11-2021.

Mrs N NIRMALA W/o ANTHONY RAJ, PASSED AWAY on 05-09-2021, Death Certificate
No.D-2021:33-16871-000448. Death Certificate copy attached with this deed.

Due to the above, Mr ANTONY JOE NAVEEN aged about 33 years having PAN

ANJPN6056D AADHAAR NUMBER 9091 6316 8905 residing at Old No 3/75 New

No.3/86 MGR Street Visalakshi Nagar Santhosapuram Chennai 600073 (herein after

called second Part) has expressed his willingness to Join the partnership as a Partner

and the same was accepted by the FIRST PART.

The SECOND PART Mr ANTONY JOE NAVEEN JOINED IN THIS
PARTNERSHIP with effect from 08-AUGUST-2022 through this
deed, and WHEREAS the parties agreed to reduce the terms
and conditions of the partnership in writing AND NOW THIS
DEED IS WITNESSETH AS FOLLOWS:

1) The partners hereto shall carry on the business of partnership under the name and style

of HB MULTI BRAND CAR SERVICE GST No 33AAJFH2896N2ZR

2) The business of the partnership shall be carried on in the name and style of HB

MULTI BRAND CAR SERVICE GST No 33AAJFH2896N2ZR or such other

name or names as the partners hereto may decide from time to time.

3) The principal place of business of the Partnership shall be carried on ADDRESS

MENTIONED ABOVE and / or such other place or places as the partners hereto may

decide from time to time.

4) The capital of the partnership firm shall be contributed by both the partners equally. From

time to time, based on business and working capital requirements additional capital will be

contributed by the partners.

 5) That the duration of the partnership shall be one AT WILL.

6) Both the partners shall have the right of management of the said business of the firm and

both the partners shall be the WORKING PARTNERS of the firms and also in charge of

the day to day administration of the business of the firms and manage and supervise

diligently the said businesses and carry it to the common Advantage of all partners and the

firm. In the event of the need for business development and management both partners

can jointly decide through a written resolution to appoint one of them as the MANAGING

PARTNER for a certain period in order to transact the business more efficiently and in a

focused manner. Any such a reappointment and continuing of office will be based on the

joint resolution of both the partners. However the Managing Partner has to take all the

business, commercial and financial decisions jointly and collectively with the other partner.

It is hereby agreed that in Consideration of the parties of all, actively devoting their time

and attention to the business of partnership, they shall be entitled to draw yearly

remuneration as under:

7) The yearly remuneration payable to each of the following partners shall be calculated as
percentage of the book profits for each accounting year in the following manner:

In respect of First Rs.3,00,000/- of book profit =

Rs.1,50,000 or @ 90% of Book Profit, whichever is more,

In respect of balance of book profit @ 60 %

For the purpose of the above calculation the book profit shall be calculated on the basis of
book profits as shown by the books and computed as provided in Sec.28 to Sec.44D (Chapter
IV-D) of the Income-Tax without deducting the remuneration paid or payable to the partners
for the relevant accounting year.

It is hereby agreed that on any event the remuneration payable to the above partners shall not
exceed the following amounts:

A ANTHONY RAJ Rs. 1,00,000/- P.M

ANTONY JOE NAVEEN Rs. 1,00,000/- P.M
The above partners shall be entitled to draw minimum remuneration in the accounting year in
which the partnership firm has made inadequate profits or suffered losses on the basis of the
calculation referred to in (ii) above as under:

A ANTHONY RAJ Rs. 15,000/- P.M

ANTONY JOE NAVEEN Rs. 15,000/- P.M

8 The partners shall be entitled to increase or reduce the above remuneration. The
parties here to may also agree to revise the mode of calculation the above
remuneration and decide to pay salary and other benefits either on monthly or
yearly basis as they may mutually agreed upon in writing and on passing of a joint
resolution.

9 The partners shall be entitled to withdraw any amount during the year from the
partnership towards their yearly remuneration, share of profit or out of their current,
loan or capital account from time to time as may be decided by the partners by
mutual consent in writing and passing of a joint resolution.

10 The partners shall be entitled to modify the above terms relating to remuneration payable

to partners by executing a supplementary deed, and any such deed when executed shall

be effective unless otherwise provided from the first day of the accounting period in which

such supplementary deed is executed and the same shall form part of this deed of

partnership.

11 The partners shall be entitled to an interest at the rate of 12% P.A on their capital balances

standing to their credit.

12 If the firm borrows loans from its partners then the interest rate paid shall be determined

jointly by the partners through a resolution in writing, based on the terms of conditions as

set through a loan agreement.

13 The partners shall maintain or cause to maintain proper books of accounts of daily

transaction such as Day Book, Ledgers etc., which are usually required and maintained in

businesses of similar nature.

14 All the records and accounts of partnership whether current or otherwise shall be opened

to inspection to any of the partners. Each of the partners has right to take copies of the

same.

15 The accounts of the firm shall be closed on 31 st March of each year provided that the

parties may by mutual consent close the accounts for any other period or periods as may

be considered expedient. The parties shall cause the Statement of Assets and Liabilities

and Profit and Loss accounts to be prepared at the end of each accounting year / period.

16 The Net Profit or Loss of the Partnership business as per the accounts maintained by the

Partnership after deduction of all expenses relating to business of Partnership including

Rent, Salaries, Interest, Traveling and other establishment expenses as well as

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 detailed below..

A ANTHONY RAJ 50%

ANTONY JOE NAVEEN 50%

17 Any one of the partners of the firm shall have no power to borrow money singly from bank

or Financial Institutions or outsiders, in the name of the Firm. Both the partners of the firm

shall have to sign in the case of borrowings on behalf of the Firm. For discharge of the

loan, separate loan agreement can create on behalf of the Firm and interest etc should be

mentioned in the loan agreement.

18 Both the partners of the firm shall have the power to appoint staffs for the partnership firm,

fix salary and other perks, monitor their works, etc.

19 The firm shall open accounts with any Scheduled Bank or Banks all such bank account

and existing bank accounts and any one partners of the Firm shall operate Current,

Savings, Cash Credit or Overdraft in the name of the firm.

20 That the license, permits, brands, trademarks, copyright and other rights obtained in any

of the partner’s name for the purpose of Partnership business shall belong to the

partnership firm.

21 If a partner wants to retire from the Partnership he shall give Three months prior notice to

the other partner of his intention to retire.

22 That the death, insolvency, or retirement of a partner of the firm shall not stand dissolved

the partnership but shall be carried on by way of appointing new partners. In the event of

the demise of the both partners their respective heirs and successors of the partners will

become the new partners in proportion to the capital holdings of the original partners.

23 Any dispute or differences which may arise between the parties or their representatives,

which cannot be resolved among themselves with regard to the construction, meaning

and effect of this deed or any part thereof or with respect to the accounts, profits and

losses of the business, rights and liabilities of the Partners under this deed, dissolution or

winding up of the business or any other matter relating to the firm and its business, shall

be referred to an arbitrator or arbitrators mutually selected for the purpose. The decision

of the arbitrator or arbitrator’s matters of such disputes or differences shall be final and

binding on all the parties.

24 At the time of dissolution, all the assets of the firm have to be realized and all the

borrowings have to be repaid. The Profit / Loss arising out of such realisation after

discharging all liabilities as well, shall be divided among the parties in the same ratio as

they divide the profits / losses as mentioned in Para 14 supra.

25 It is mutually agreed that none of the Parties are entitled to claim a share in the goodwill

during the continuance of the Partnership. After dissolution, none of the parties shall have

a right to use the firm’s name individually. It is mutually agreed that if any party wish to

use the firm’s name, he may do so with the consent of other partners.

26 The parties shall punctually pay and discharge their separate debts and liabilities and shall

keep the firm indemnified against the same.

 27 No new partner shall be admitted into the partnership without the mutual consent of the

parties hereto. No partner shall hereafter assign, transfer or encumber or in any way

dispose off his share of interest in the firm to any other person without the written consent

of the other partners.

28 Any of the above-mentioned terms and conditions may be varied, altered or amended by

means of a codicil signed by all the partners and such codicil shall be considered as part

of this agreement.

29 All other matters for which no provisions have been made in this deed shall be governed

by the Provisions of the Partnership Act, 1932, as amended up to date

IN WITNESS WHEREOF, THE PARTIES HERETO HAVE SET THEIR HANDS TO THIS DEED OF

PARTNERSHIP ON THIS DAY OF 08 TH DAY OF AUGUST 2022.

WITNESSES SIGNATURES

(…………………………….) A ANTHONY RAJ

PARTY OF THE FIRST PART

(……………………………..) ANTONY JOE NAVEEN

PARTY OF THE SECOND PART