PARTNERSHIP AGREEMENT

This Partnership Agreement ("Agreement") is entered into on [Effective Date], by

and between:
1ST PARTY: J.R. MODEL HIGH SCHOOL

Director: Mrs. Parveen Sharma of the J.R. Model High School located at Village
Mehatpur/Basdehra Disrtict Una State Himachal Pradesh.

2ND PARTY: MANJINDER SINGH

Business Development Manager: Manjinder Singh S/O Mr. Sarbjit Singh Residence at Village
Mazari Block Banga District Nawanshahr Punjab.

Collectively referred to as "Partners."

1. FORMATION OF PARTNERSHIP
 1.1 Partnership Name: The parties hereby form a partnership for the purpose of operating and
growing J.R. Model High School, with the shared goal of fostering school development and expansion.

1.2 Business Purpose: The primary objective of this partnership is to collaboratively manage and
enhance the operations of J.R. Model High School. This includes but is not limited to, implementing
strategic initiatives, improving educational programs, expanding infrastructure, and fostering the overall
growth and development of the school.

The partners commit to working together to create a conducive environment for learning,
fostering innovation, and ensuring the success and well-being of the students. This partnership
aims to combine the skills, resources, and expertise of the involved parties to elevate J.R. Model
High School to new heights of excellence and achievement.

2. MANAGEMENT RESPONSIBILITIES

2.1 Responsibilities of J.R. Model High School:

2.1.1 Academic and Administrative Functions: J.R. Model High School will take on the primary
responsibility for overseeing and managing all academic and administrative functions. This includes
curriculum development, student assessments, faculty management, and day-to-day administrative
operations essential to the school's effective functioning.

2.1.2 Financial Management for Educational Activities: J.R. Model High School will be entrusted
with the financial management specifically related to educational activities. This encompasses
budgeting, resource allocation for educational programs, and financial planning aligned with the
academic goals and initiatives of the school.

2.2 Responsibilities of Manjinder Singh:

2.2.1 Strategic Decision-Making: Manjinder Singh will play a crucial role in contributing to strategic
decision-making processes aimed at fostering the growth and development of J.R. Model High School.
This involves providing insights, expertise, and recommendations that align with the long-term vision
and objectives of the partnership.

2.2.2 Non-Academic Oversight: Manjinder Singh will take charge of non-academic aspects critical to
the school's growth, including infrastructure development, marketing strategies, and community
relations. This responsibility encompasses ensuring that the school's physical facilities are conducive to
learning, implementing effective marketing initiatives, and fostering positive relationships within the
community to enhance the school's overall standing.

3. TERM OF PARTNERSHIP

3.1 Effective Date: This Agreement shall be considered in effect from December 12, 2023, and
will remain active unless terminated by mutual agreement between the parties or as specified by the
conditions outlined within this agreement. The partnership is designed to endure over time, promoting a
collaborative effort in the operation and growth of J.R. Model High School.

4. 4. PROFIT DISTRIBUTION

4.1 Frequency: Profits and losses shall be calculated quarterly and distributed according to the
agreed-upon percentages.

4.2 Reporting: Financial reports detailing the profits and losses will be provided to each partner
within 30 days after the end of each fiscal period. This transparent reporting ensures that both parties
are informed promptly about the financial performance of J.R. Model High School.

4.3 Profit Sharing: The distribution of profits and losses will follow the agreed-upon sharing
ratio:

J.R. Model High School: 70%

Manjinder Singh: 30%.

This delineation reflects the mutually agreed-upon allocation of financial outcomes, with the school
receiving the majority share in recognition of its academic and administrative responsibilities, and
Manjinder Singh receiving a proportionate share in acknowledgment of strategic contributions and
oversight of non-academic aspects.

5. TERMINATION OF PARTNERSHIP

5.1 Voluntary Termination: Either party retains the right to terminate this partnership by
providing written notice to the other party. This voluntary termination allows flexibility for either party
to exit the partnership, subject to the formal notification in writing.

5.2 Breach of Agreement: In the event of a material breach of this agreement by either party,
the non-breaching party reserves the right to terminate the partnership. A material breach refers to a
significant violation of the terms and conditions outlined in the partnership agreement. This provision
ensures that if one party fails to fulfill its obligations, the other party has the option to terminate the
partnership due to a breach of the agreement.

5. CONFIDENTIALITY:

5.1 Confidential Information: Both parties mutually agree to maintain the confidentiality of any
proprietary or sensitive information disclosed during the term of this Agreement. This commitment
ensures that information integral to the partnership, including but not limited to business strategies,
financial data, and operational details, remains protected and is not disclosed to external parties
without express consent.

6. MISCELLANEOUS:
 6.1 Governing Law: This Agreement shall be governed by and interpreted in accordance with
the laws of India. The governing law provision establishes the legal framework under which any disputes
or legal matters arising from the partnership will be addressed, providing clarity and a legal basis for
resolution.

6.2 Amendments: Any modifications or amendments to this Agreement must be made in

writing and duly signed by both parties. This stipulation ensures that changes to the terms of the
partnership are formal, deliberate, and documented, promoting clarity and preventing
misunderstandings.

The phrase "IN WITNESS WHEREOF" is a standard legal closing statement in contracts. In this context, it
signifies that the parties involved have officially executed and agreed to the terms of the Services
Agreement as of the Effective Date (previously mentioned as December 12, 2023). The signature of the
parties on the document serves as formal confirmation that they acknowledge and accept the terms
outlined in the agreement, and it is often followed by the signatures or authorized representatives'
names to validate the document.

First Partner:
J.R. Model High School Mehatpur/Basdehra

[Signature]
Director: Mrs. Parveen Sharma
[Date]

Second Partner:
Business Development Manager: Manjinder Singh

[Signature]
[Date]