PARTNERSHIP DEED

This Indenture made on this 29TH DAY OF DECEMBER, 2020 between:

MR. RAJENDER KUMAR SAINI S/O MR. JARNAIL SINGH R/O VILLAGE, SHIV MANDIR WALI GALI, BHOR
GARH, DELHI-110040, herein after referred as Party of the First Part,

MR. NARENDER KUMAR S/O MR. RAMRATTAN SHARMA R/O HOUSE NO. 1420, NEAR CHOPAL, PANA
PAPOSIAN, NARELA, DELHI-110040, herein after referred as Party of the Second Part,

All being Indian Inhabitants, which expression shall unless it be repugnant to the extent or meaning thereof
shall mean and include their respective heirs, executors, administrators, legal representatives and assigns.

And whereas all the parties stated herein above entering into a partnership and are desirous of recording the
terms and conditions of the partnership as are appearing hereinafter.

Now this indenture is witnessed and it is hereby agreed by and amongst the parties as under.

1. COMMENCEMENT OF BUSINESS

The parties hereto confirm that they have constituted the partnership with Firm name and style of
“SANKALP DELHI ENTERPRISES” on the terms and conditions contained in this Partnership Deed and on the
representations and assurances made by and between them inclusive of consequential agreed implications.

2. FIRM NAME

The Firm name shall be “M/S SANKALP DELHI ENTERPRISES”

3. NATURE OF BUSINESS

The partnership firm will be carrying on business of trading of food Supplements.

And/or such other business or businesses as the parties hereto may mutually agree upon from time to time.

4. REGISTERED OFFICE

The administrative office of the Firm shall be at HOUSE NO-267, GROUND FLOOR, VILLAGE PITAMPURA,
NEW DELHI-110034.

5. DURATION OF PARTNERSHIP

This partnership shall be at Will.

6. CAPITAL

The Initial Capital of Rs. 15,00,000 of the Partnership Firm shall be contributed by the parties hereto as
follows:

MR. RAJENDER KUMAR SAINI Rs. 750,000/-

MR. NARENDER KUMAR Rs. 750,000/-

(a) Any extra capital advanced by any of the partners over and above the aforesaid amount will carry an
interest @ 12% per annum or as mutually decided amongst the partners.
(b) The Partners may draw such sum or sums from the Firm as may be mutually agreed upon.
 (c) The partners by mutual consent may agree to pay remuneration to partner or partners. The same
shall be deemed to be the remuneration payable in terms of section 40(b) of the Income Tax Act,
1961.

7. SHARE OF PARTNERS IN PROFITS / LOSSES

The net profit or loss of the partnership firm as per accounts maintained by the firm, after deduction of all
expenses including remuneration and interest payable to the Partners in accordance with this Deed of
Partnership shall be shared by the partners equally i.e. 50% each.

8. WORKING PARTNERS

The parties hereto of the First, and Second have agreed to actively devote their time and attention to the
business of the partnership. It is hereby agreed that in consideration of party of the FIRST and SECOND
actively devoting their time and attention to the business of partnership they shall be entitled to draw yearly
remuneration as may decided amongst them from time to time. The yearly remuneration payable to the
above partners shall be credited to their respective Capital Accounts at the close of the Accounting year. The
partners shall be entitled to withdraw amounts during the year from the Partnership towards yearly
remuneration from time to time as may be decided by the partners by mutual consent.

9. LOAN BY PARTNERS

The partner may give loan to firm after mutual agreement. Such loan shall bear interest agreed mutually by
the partners.

10.OPERATIONS

All matters relating to the management, change of name and/or adoption of other name and objects, opening
and shifting of the offices and otherwise arising out of the affairs of the Partnership including those as are
referred herein would be as agreed by parties hereto in future and shall be determined in such manner as the
majority profit sharing partners may desire.

11.BANKING ACCOUNT

The account of the Firm shall be opened with such bank of banks, as the parties hereto may agree upon and
the same shall be operated upon by jointly by both the partners hereto as may be indicated to the instructions
to the bank for operation of the account which instruction shall be signed and confirmed by all the parties
hereto. However, where there shall be an occasion to give security or undertaking for payment of money on
account of the partnership business, the same shall be by a written consent of all the partners.

All contracts, agreements, deeds, document, receipts and correspondences for and on behalf of the Firm shall
be signed and / or executed by any partner with written consent of all the partners.

12.BORROWINGS

The parties for and on behalf of Firm may arrange any loan or overdrafts from bank or from any other firm-
party or individual or institution for the sole purpose of the partnership business.

13.ACCOUNTS

(a) Usual books of Accounts in respect of the Partnership business shall be maintained and kept at the
place or places of business of the Partnership or at such other place or places and in such script and
under such system of accounting as the parties hereto may agree upon from time to time. Each of the
parties shall be entitled at all reasonable times to inspect the books of accounts and other documents
of the Partnership and to take copies and extracts there from.
 (b) The accounting year of the partnership shall be the Financial Year. The first accounting year shall be
ended on 31st March of next year. The accounting year may be changed by the consent of the parties
hereto.
(c) The Annual Final Accounts shall be prepared at the end of the accounting year and shall be got
audited by the qualified chartered Accountants.
(d) Such final accounts shall be duly signed by the partners and upon such signing the same shall be final
and binding on all the partners.

14.ADMISSION OF PARTNER

(a) Any person may be admitted into the partnership as may be agreed upon by the parties hereto.
(b) On admission of a Partner, the partnership shall be reconstituted and the terms of such reconstituted
partnership shall be the same as laid down herein, except to the extent varied at the option of the
partners.

15.RETIREMENT OF PARTNER

(a) Any partner may give 90 days’ Notice in writing to the other partners to retire from the partnership.
(b) On such retirement a Profit and Loss Account together with a Balance Sheet shall be drawn up and
the retiring partner shall be entitled to receive his credit balance in the Capital Account together with
the profit up to the date of retirement in proportion to his share and similarly the retiring partner
shall also be liable to pay back in full debit balance to his capital account and a loss in the business in
proportion to his share up to the date of such retirement.
(c) All the properties and assets belonging to the Firm shall remain the property of the Firm and retiring
partner shall have no right, title or interest therein.
(d) No partner shall be entitled to claim any share towards goodwill and similarly on the death of any of
the partners, the legal heirs or representative of the deceased partner shall not be entitled to claim
any share towards good-will.
(e) On retirement of any partner or parties the partnership shall be reconstituted.
(f) In case any partner acts in any manner as may be considered contrary to the interests of the
Partnership then the majority of the Partners having more than 51% profit sharing rights together
shall have a right to expel such partner by giving a notice of 10 days.

16.DEATH, INSOLVENCY AND BANKRUPTCY

(a) If any partner dies or becomes insane or is adjudged insolvent, such partner shall cease to be the
partner as on the date of such death, insanity or insolvency.
(b) Immediately on such cessation an account of firm shall be prepared and the share of the said
deceased, insane or insolvent partner in the Profit of the Partnership shall be paid to his or her heirs
or legal representatives by the continuing partners.
(c) The share of such deceased, insane or insolvent partner in the Profit and Losses shall be taken over
by the remaining partners in their profit-sharing ratio and the Partnership shall continue unaffected.
(d) Death, insanity or insolvency of any partner or partners shall not dissolve the partnership.
(e) On death, insanity or insolvency of any partner or partners the partnership shall be re-constituted.

17.OBLIGATIONS

None of the partners shall without the consent of the others

(a) Lend any of the money or deliver upon credit any of the goods and service of the Firm to any person
or persons whom the other partner or partners shall have previously in writing forbidden him to
trust;
(b) Give any security or promise for the payment of money on account of the Firm unless in the ordinary
course of business;
 (c) Enter into any bond or become bailer surety for any person or knowingly cause or suffer to be done
anything whereby the partnership property may be endangered;
(d) Withdraw any suit or proceeding filed on behalf of the Firm;
(e) Admit any liability in a suit or proceeding against the Firm;
(f) Relinquish or compromise any claim or a portion of any claim of the Firm;
(g) Acknowledge any debt due from the Firm so as to extend the period of limitation for instituting legal
proceedings against the Firm;
(h) Open a banking account on behalf of the Firm in his own name;
(i) Submit a dispute relating to the business of the Firm to arbitration;
(j) Mortgage or Charge his share in the assets of profits of the Firm;
Any partner committing any breach of any of the foregoing stipulations shall indemnify the other or them
from all losses and expenses on account thereof.

18.ARBITRATION

All disputes, differences, claims and questions whatsoever which shall arise either during the partnership or
afterwards between the partners or their respective representatives or between any partners or partner or
their respective representatives of any other partner touching these presents or the construction or the
application thereof or any clause or thing herein contained or any account, valuation or division of assets,
debts or liabilities to be made hereunder or as to any act, deed or omission of any partner or as to any other
matter in any way, relating to the partnership business or the affairs thereof or the rights, duties or liabilities
of any person under these presents shall be referred to the arbitration of a single arbitrator in case the
parties agree upon one, otherwise to two or more arbitrators, on to be appointed by each party to the dispute
and such arbitration shall be in accordance with an 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. The
venue of such arbitration shall be always in Delhi.

IN WITNESS WHEREOF the parties hereto have hereunto set and subscribed their respective hand on the
date mentioned hereinabove.

SIGNED, SEALED AND DELIVERED:

In the presence of:

WITNESS 1…………………………… 1. MR. RAJENDER KUMAR SAINI

ADDRESS: VILLAGE, SHIV MANDIR WALI GALI, BHOR GARH,

DELHI-110040

WITNESS 2…………………………….. 2. MR. NARENDER KUMAR

Address: HOUSE NO. 1420, NEAR CHOPAL, PANA PAPOSIAN,

NARELA, DELHI-110040