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PARTNERSHIP DEED
This Deed of partnership is made and executed on this date 20tt' February, 2015 at Hyderabad, Telangana
by and between:

1, Sri, Abhishek Singh S/o Awadhesh Narain Singh, aged about 36 years R/O, Flat No. 502, Venkat
Kalyan Residency, Nizampet Road, Venkateshwara Temple, Hyder Nagar, Kukatpally, Hyderabad
Ranga Reddy Dist. 500085, (Here in after referred as First Partner)

2. Sri. Ambati Sreedhar S/o Ambati Ram Reddy, aged about 36 years R/O. #8-3-1671A154, Vikaspuri,
Yousuf Guda, Begumpet, Shaikpet, Hyderabad, Ranga Reddy Dist, 500038, (Here in after referred as
Second Partner)

WHEREAS the above parties have agreed to carry on the business of "software development, network
development, network designing, Web designing, internet services, data processing, information
communication, education consulting, real estate, online ecommerce, consulting, education "
and/or to carry on any other business/businesses as agreed upon by all the partners from time to time
under the name and style of "M/s. INSYNC GLOBAL" at Flat No. 502, Venkat Kalyan Residency;
Nizampet Road, Venkateshwara Temple, Hyder Nagar, Kukatpally, SO*dAO Ranga Reddy Dist.
500085.

And it is deemed expedient and desirable to reduce the terms and conditions governing to this deed of
Partnership in to writing.

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 NOW THIS DEED OF PARTNERSHIP WITNESSETH
AS FOLLOWS:

1. NAME:

The Partnership business shall be carried on under the

name and style of ,,M/s. lNsyNc GLoBAL".

2, COMMENCEMENT
The Partnership firm shall be deemed in force with effect
from 20tn February, 2015,

3. DURATION:
The duration of firm shall be at their will.

4. NATURE OF BUSINESS:

The object of the.Partnership shall be to carry on the

business of to carry on the business of software
development, network devetopment, netwoik designing,
*Ll oesigni;g, ini.rn.t services, training
services, data processing, lnformation communicitio,i, naroware"l.ulropient,
e-commerce, m-
commerce, embedded applications, wireless technologies,
consultancy and retaining services and
any other emerging new businesses in any of the retlted'fields
detailed, in tnoia or abroad and to
develop, acquire, exchange, sell or export computer
software systems and sub- systems and
application packages, enter into collaborations for
technical know-how and production process
establish, provide, maintain, conduct or othenruise subsidize and
data centers for Data processing,
scientific, commercial and on line computer applications
education consulting, real estate, online
ecommerce, consulting, education and / or to
on any other business/businesses as agreed
9arry
by all the partners from time to time' Further this upon
d'eed speciricarty excludes and other business
out independenfly or joinily by the parties. carried

5. PLACE OF BUSINESS:

The registered office of business shall be situated

at Flat No. 502, venkat Kalyan Residency,
NizampetRoad,Venkateshwara.Temple,HyderNagar,rultatpally,ffinRangaReddy
at anv other place ot pitt.r, which'the partners may rino convenient
il|,s:#l|!il::S^t ro carry on

6. CAPITAL:

The capital of the firm shall be contributed by

the parties in 50:50 proportion and further
also shall be made in the same proportion by investment
each of the prrt*i capital required for
the partnership shall be contribuied'by the partners the business of
as p.r in.ir.onvenience.

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 7. PROFIT SHARING:

The Profits or losses shall be shared or borne by all the partners in the following
ratio:
- Sri. Abhishek Singh 50.00 %
party of the First part.

- Sri. Ambati Sreedhar 50.00 %

party of the Second part

Total 100,00 %

8. MANAGING/VVORKING PARTNERS:

Sri. Abhishek Singh, party of the First Part and Sri, Ambati Sreedhar, party
of the Second part shall be
the Co-founder/Founder of the Firm.

9. MANAGEMENT:
The Partnership business shall be managed by the Co-founder/Founder. The
Co-founder/Founder
shall be in-charge of the day-to;day working of the firm, They shall be empowered
to enter into all
agreements on behalf of the firm in connection with the business of the
firm, to mortjage the
properties of the business for obtaining the loans for the partnership
business to receive payirents on
behalf of the firm and issue receipts, to make disbursements and incur expenditure
during ih. ,ourr.
of conduct of business, to deal/negotiate/enter into agreement with the Government
Departments/banks and to do all such other acts necessary and expedient
and incidental for carrying
the partnership business. The acts of Co-founde/Founder shall be binding
on the firm.

That none of the partners shall without the consent of the other partners
enter into any contract or
engagement or give
credit or lend the partnership funds, give any bills, note or security
oibecome bail
or surety or postpone any debts or demand due or payable to the firm, transactions
of any kind of
description,

That no partner shall without the consent of the other partners in writing,
assign, sell or mortgage or
othenuise part with his share orinterest in the property or businesi
of t[e partnership'firm or
knowingly or intentionally act, commit or permit any act whereby
the partnership business is
dislocated or disturbed to the determinant of the other pirtners.

During the existence of the partnership any of the clause(s) herein

above mentioned may be deteted
or modified or any fresh clause(s) added by mutual conseni of the parties
- t whether .*pr.rrty
v'rrr vvvu in
rr I writing
or by oral agreement.

10. BORROWING POWERS:

The Co-founder/Founder of the firm are entitled to approach any

bank, financial institutions, and
private parties etc', to borrow the required funds, to represent
of the Co-founder/Founder in this process shall be binding on the
and sign on behalf of the firm. Th; ;i;
1rm,

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 1 1. BOOKS OF ACCOUNT:

Proper books of account shall be maintained

in.the ordinary course of business and
kept at the principte place of business and the same shall be
all the partners shall have a right to inspect
account and other documelts of the partnership the books of
firm and to take extracts-from them,
account shall be closed on 31st Marcl-r of every year. The books of

12. BANK ACCOUNT:

The Bank AccounUAccounts to be opened in

the name of the firm shall be operated by
- sri' Abhishek singh, party of the First part and sri,
Ambati
:

sr..Jnri-prrty of the second part

shall be operated bank accounts upon by the
both the partners in 'single upto the limit
Rs,3,00,000-00, of
- sri' Abhshek singh, party of the First part and sri.
Ambati sreedhar, party of the second part shall
be operated bank accounts uPgn oy tne uoth prrtn.o, cheques ,norro
the be signed by the both
parties joinfly upon exceeding Rs.300,000-00

13. REMUNERATION:

The amount of remuneration, interest payable

to partners should not exceed the amount
as deduction under sections 36(1)(iii), a0(a)(i) which is allowed
and 40A(2) ofthslndian lncome
- tr* Act, 1g61.
For the purposes of remuneration for partners
withdrawal will on monthly basis. The following
be payable to: amount will

The working partners shall be compensated

with a minimum monthly remuneration
The maximum remuneration payabie to all of Rs 25,0001 each.
the frrtn.n be worked out as per the
the lncome Tax Act and be shared equally applicable provisions of
mong all the wort<ing nartners.
However this remuneration so payable shall
be subject to the provisions of lNcoME
a fixed percentage of the Book profit of the TAX ACT, 1g61.Vi2.,
firm as under:

a) On the First Rs. 3,00,000/- of the Book I Rs. 1,50,000/- or 90 % of the

Profit or in the case of Loss
I Book Profit, whichever is more
b) On the balance of Book profit
60%
14. TRUE AND FAITHFUL:

The partners shall be true and faithful to

each other and shall render a true
transactions done by them on behalf of and correct account of all
the firm.

15. ASSIGNING OF SHARE:

None of the partners shall be entitled to assig!, mortgage or

charge his/its share of interest in
and assets witnout ne ".o*rnt of the
partnership or any of its properties the
other partners.

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 1 6, DEATH/INSOLVENCY/RETIREMENT:

Death, lnsolvency or Retirement of a partner shall not dissolve the partnership,

but the surviving or
solvent partners shall be entitled to continue the business, ln the case
of death of a partner the legal
heir of the deceased partner shall be entitled to admit into the partnership
in the place of the deceased
partner.

17. RETIREMENT OF THE PARTNER:

ln case a partner vrishes to retire from the partnership he shall do so by giving

30 days notice in
writing to the firm as well as the other partners and he shall be entitled
to rece-ive t[e profits, borne the
losses upto the date of retirement as shown by the Profit & Loss Account
taken upto that date, The
account of the retiring partner shall be transferred to a loan account,
which shall be setfled within six
months from the date of retirement, ln case of delay in settling the
loan account beyond six months
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the firm shall pay interest at 18% per annum till the dite of setilement.
18. AMENDMENTS:

Any term or terms of this deed may be amended, modified, deleted

or othenruise dealt with as may be
mutually decided upon by the partners and the same shall be in
writing which shall have the same
effect as it was embodied in this deed.

19. ARBITRATION:

lf any dispute or difference or question or interpretation shall arise

between the parties hereto in any
matter in any way arising out of this contract or this deed or as
to their rights, duties or liabilities under
this contract then and in every such case the matter under dispute
shall be decided through ainitration
under the Arbitration Act, 1952 as amended from time to time.

20. PARTNERSHIP ACT, 1932:

The provisions of the lndian Partnership Act, 1932 shall apply

to these presents and to the partners
whereto in all matters not covered by the terms hereof.

lN WITNESS WHEREOF the Partners hereto have signed this deed

the day, month and year herein
above written.

WITNESSES:

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1.
1. Sri. Abhishek Singh
(Party of the First part)

2.
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Sri. Ambati Sreedhar
(Party of the Second part)