PARTNERSHIP DEED

This Deed of Partnership is executed on this the 5th day of Sept. 2023 by and amongst: -

1) Sudeshna Pathak W/o Prosenjit Pathak R/o Flat No. 702, Block-I, Sushma
Chandigarh Grande, Ambala Chandigarh Highway, Zirakpur, SAS Nagar (Mohali),
Punjab – 140603 (hereinafter referred to as party of the first part);

AND

2) Anita Kochar W/o Bhagwan Dass Kochar R/o H. No. 1003, Ward No. 10, Badal
Colony, Zirakpur, SAS Nagar (Mohali), Punjab – 140603 (hereinafter referred to as
party of the second part).

WHEREAS the parties above named intend to carry on the business in partnership in the
name and style of Quad-City Realtor (The Matchmakers) vide this Deed of Partnership.

AND WHEREAS all the parties referred to above hereby desire that the terms and conditions
be reduced in writing to do away any avoidable disputes and misunderstanding that may
arise in future.

NOW THEREFORE THIS PARTNERSHIP DEED WITNESSETH AS UNDER: -

1) That the partnership business shall be carried on under the name and style of Quad-
City Realtor (The Matchmakers) (Name of the firm).

2) That the business of the partnership firm is Real Estate Consultant & Investor
(Business object) etc. or any other business as may be decided from time to time
mutually by all the partners to this Deed.

3) That Head Office of the partnership firm will be at Unit No. – 12A, 5th Floor, Motia
Royal Business Park, Ambala Chandigarh Highway, Zirakpur, SAS Nagar (Mohali),
Punjab – 140603. The principal place of business may be shifted to such other place or
places as the partners may unanimously decide from time to time.

4) That any branch may be opened under any name and style at such place or places as
the partners may decide from time to time.

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5) That the terms and conditions of the partnership shall be deemed to have been
commenced with effect from the 5th day of Sept. 2023.

6) That the capital required for the partnership shall be contributed by the partners as
mutually agreed upon amongst the partners.

7) That the regular books of accounts of the partnership shall be maintained at the place
of business which shall be closed on 31st day of March) each year and each partner shall
have access to and power to have copies of the same. All the transactions entered into
by them on behalf of the firm shall be faithfully recorded therein.

8) That at the end of each accounting year, the firm’s accounts shall be drawn up and the
Profit & Loss Account and the Balance Sheet of the firm prepared and the Profit and/or
losses falling to the share of each partner shall be credited or debited to the respective
accounts.

9) That the Profit and Loss Account and the Balance Sheet shall be duly signed by any two
partners and upon signing the same shall be binding and final.

10) That the Profits and Losses as per Profit and Loss Account of the partnership business
shall be divided amongst the partners as under.

Sr. No. Name of the Partner Share of the Profit & Loss
1 Mrs. Sudeshna Pathak 50%
2 Mrs. Anita Kochar 50%

11) That the bank account(s) of the partnership shall be operated by any of the partner to
this deed or as may be mutually decided time to time.

12) No partner, without the written consent of the all the other partners shall do or abet in
doing any of the following acts: -

a) Sell, mortgage, assign or otherwise transfer his share or interest in the partnership
business or property.

b) Charge, mortgage, hypothecate, assign or otherwise transfer the business, property

or rights of this partnership firm.

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13) That the partnership is “AT WILL” and can be dissolved at any time with the mutual
consent of all the parties to this deed.

14) That all the parties to this deed shall work diligently and faithfully to the common
advantages of the firm and shall render true and correct information to each other.

15) That any consent or difference which may arise between the partners or their legal
heirs, successors or representatives with regard to the construction, meaning and effect
to this deed and/or any part thereof or in respect of the accounts, profits or losses of
the business of the said firm or any other matter relating to the firm shall be referred to
arbitration under the Indian Arbitration Act, 1940.

16) That the provisions of the Indian Partnership Act, 1932 shall apply as regards matters
not expressly provided for hereinbefore in this partnership deed.

17) That any of the above terms, conditions and stipulations may be altered, varied or
added to by mutually taking the consent of all the partners in writing.

18) That all business expenses shall be borne by the Partnership Firm.

19) The powers and duties of the Partners, which shall be exercised at their sole discretion
with mutual consent (written/verbal) from partners, shall include but not be limited to
the below:

a) To convert this partnership Firm in LLP or Pvt. Ltd. or Ltd. Company as and
when Partner opts to do so.

b) To acquire, purchase, takeover and/or amalgamate business or undertakings of

companies or firms which under existing circumstances, from time to time, may
conveniently or advantageously be combined with the business of the firm, to
amalgamate or merge with companies whose business are so acquired,
purchased or taken over and/or to enter into any agreement with the object of
acquisition of such undertaking and/or business.

c) To go into acquisition, purchase, takeover and/or amalgamate of other entities or

vice versa as and when Partner opts to do so.

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 d) To sell, mortgage, assign or lease and in any other manner feel with or dispose off
the firm or properties of the firm or any part thereof, whether movable or
immovable for such consideration as the Partners of the firm may think fit.

e) To sell, mortgage, assign, lease or dispose off the properties/assets of the firm
(including movable and immovable) to any person, company or other entity at
mutually agreed prices by the partners.

20) That the capital required for the business of Partnership shall be contributed time to
time by the PARTIES in such manner in all respect as may be agreed to between them.
A simple interest @ 12% p.a. shall be payable by the firm to the parties.

21) That any partner may draw salary, remuneration and or commission for working in the
partnership firm as agreed upon between the partners.

22) That the books of accounts and other documents belonging to the firm shall be kept at
the place of business only and shall at all reasonable times, be open for inspection by
any of the parties or his authorized agent.

23) The written consent of all Partners will be required for the partnership to avail credit
facilities from any financial institution.

24) That the matters for which no provisions have been made in this deed may be decided
upon by mutual consent of the parties in writing.

25) That unless provided herein before, the provisions of the Indian Partnership Act, 1932
shall apply.

26) If any partner shall at any time during the subsistence of the partnership, be desirous
of retiring from the firm, it shall be competent from his to do so, provided he shall give
at least one calendar month notice of his intention of doing so. The remaining partner
shall pay to the retiring partner or his legal representatives of the deceased partner, the
purchase money of his share in the assets of the firm.

27) In the event of the death of any partners, one of the legal representatives of the
deceased partner shall become the partner of the firm and in the event the legal

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 representative show their denial to point the firm, they shall be paid the part of the part
of the purchase amount calculated as on the date of the death of the partner.

28) The written consent of all Partners will be required for the partnership to avail credit
facilities from any financial institution.

29) That both Partners of the firm shall be Managing Partners and they will look after all the
day to day transaction of the firm and any legal activities in the name of the firm. and
the remaining partners shall co-operate to do so.

IN WITNESS WHEREOF the parties hereto have set and subscribed their hands on the
day, month and year first mentioned above.

In witness whereof, this deed of partnership is signed sealed and delivered this 5 th day
of Sept. 2023 at Zirakpur, SAS Nagar (Mohali), Punjab.

SUDESHNA PATHAK ANITA KOCHAR

(FIRST PARTNER) (SECOND PARTNER)

Flat No. 702, Block-I, H. No. 1003, Ward No. 10,

Sushma Chandigarh Grande Badal Colony, Zirakpur,
Ambala Chandigarh Highway SAS Nagar (Mohali), Punjab –
140603
Zirakpur, SAS Nagar (Mohali), Punjab – 140603

WITNESS ONE WITNESS TWO

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