PARTNERSHIP DEED

This Deed of Partnership is made at Muzaffarpur on this 8 th day of March, 2017 by and
between:-

1. Ravindra Kumar Kushwaha, S/o Ramnandan Mahto, Resident of Vill+P.O-

Simra,P.S-Piar,Distt-Muzaffarpur-843115 Hereinafter referred to as the Party of the
First Part;

2. Vikas Kumar, S/o Vijay Kumar Singh, Resident of 122,Rosera Road,Rosera,Distt-

Samastipur-848210. Hereinafter referred to as the Party of the Second Part.
WHEREAS the parties of the all part to this deed are interested in carrying out the business
of All types of digital services,recharge & e-commerce,money transfer,web solution. For this
purpose they have decided to join hands and carry on business in partnership with
immediate effect.

AND WHEREAS in order to safeguard their respective rights and interest against any
misunderstanding, disagreement or dispute of any sort in future, it has been considered
desirable to reduce the terms and conditions of partnership in writing.

NOW THIS INDENTURE WITNESSETH AS UNDER:-

1. That the parties of all the part to this deed shall run the business of partnership
which shall be carried out under the name & style of M/s INDIAN CASH or such
other name or names as the parties hereto may mutually agree from time to time.

2. That the partnership hereby constituted shall deemed to have commenced w.e.f.
08.03.2017.

3. That the business of the Partnership firm shall be carried on at MRF DARBAR TYRE
2nd Floor, Bairiya Zero mile Road,Near Police Line Chowk Muzaffarpur,Bihar
-842003 or at such other place or places as the parties hereto may mutually agree
from time to time.

4. That the partnership business shall be inter alia to deal with All types digital
services,recharge,e-commerce,money transfer & web solution any other
business(es) that the parties hereto may mutually decide either on its own or
investment through any other intermediary(ies)/Special Purpose Vehicle (SPV)
within India or abroad.

5. That the capital for the Partnership Business shall be contributed by partners as
agreed upon among themselves from time to time according to the needs of the
business. The capital so contributed shall carry simple interest @ 12 % P.A. or at
such other rate as may mutually be agreed upon or prescribed under the Income Tax
Act. Such interest shall be payable by partnership on the amount standing to the
credit of capital, current or loan account of the partners. However in case of
inadequacy of profits, the rate of interest shall be so reduced that the total interest
payable to all the partners shall not exceed the amount of profit for the year.

6. That the parties of the both part to this deed shall devote their time & attention in the
conduct of the affairs of the firm as the circumstances and business needs may
require. In consideration for the same, they shall be entitled to remuneration which
shall be worked out as under.

i) On first Rs.3 lakh of Book Profit 90% of Book Profit.

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ii) On the balance of Book Profit 60% of Book Profit

For the purpose of this clause the expression Book Profit shall mean the Book Profit
as defined in Sec. 40(b) of I. T. Act,1961 or any statutory modification or enactment
thereof, for the time being in force.

Such total remuneration shall be distributed amongst parties of the first to second part
to this deed in their Profit / Loss sharing ratio.

The remuneration payable to the partners as above shall be credited to their respective
capital accounts on ascertainment of book profits.

7. That the parties hereto shall share the Profits & Losses of the partnership business
as under:-
a) Party of the first Part 50%
b) Party of the second Part 50%

8. That the bank account of the partnership business shall be opened with any bank or
banks as may mutually be agreed upon and shall be operated in the manner as the
parties hereto may determines from time to time.

9. That the Partnership being at WILL may be determined or dissolved with the mutual
consent of the parties here to.

10. That any partner may retire from the Partnership firm, hereby formed by giving two
months notice in writing to the others but none shall leave the firm until or unless all
the pending commitments are carried out, liabilities paid off, assets realized and
accounts are rendered fully and settled finally to the entire satisfaction of each of the
parties hereto.

11. That in the event of death or retirement of any of the parties hereto the partnership
firm hereby formed shall not dissolve, but shall continue. The legal heir or the
representative of the deceased shall step into her/his shoes.

12. That upon the dissolution of the partnership in any event not hereinafter provided for
the said business, the assets, goodwill and liabilities thereof should absolutely vest
on any one partner mutually decided by the parties to the partnership

13. That it will always remain open to the parties hereto to amend, annul or change any
term or terms of this Deed of Partnership in the course of its business and in that

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 event of amending, annulling or changing any term or terms of this deed of
Partnership no fresh deed shall be required to be executed.

14. That without prejudice to the above terms and conditions the parties hereto in all
other matters shall be governed by the provisions of Indian Partnership Act, 1932.

15. That the accounts of the partnership business shall be settled on 31 st March 2017
and thereafter also on 31st Day of March every year unless & until the parties hereto
may determine otherwise.

16. That proper Books of Accounts as are necessary for the purpose of business or
required by statue shall be maintained and kept at the business premises of the firm
and that each & every partner shall have access to inspect accounts during the
usual office hours of the business and shall be at liberty to make copies or extracts
from them as they think fit.

17. That none of the parties hereto shall be entitled either to sell, mortgage or transfer
his rights and interest in the partnership business or to create any charge or lien on
his rights and interest therein or to join a stranger as partner, or defray his rights and
interest in the partnership business in whole or in part or in any other manner.

18. That no partner without the written consent of the other partner or partners shall:

a) borrow or raise money on behalf of the partnership or sign any Hundi,

Promissory Note or any other Negotiable Instruments on behalf of the firm.

b) Forgive or compound any debt or amount due to or from the firm.

c) Enter into bond, confers judgement or execute bond as bail, surety or security
with or for any person or persons whosoever do or knowingly cause to have done
any act, deed, matter or thing whereby the stocks or the effects of the partnership
may be seized, attached or taken in execution.

19. That the partnership firm is not responsible for the personal and separate debts and
liabilities of the parties hereto and all partners shall at all times duly and punctually
pay and discharge his separate and private debts and engagements whether
present or future and keep the partnership and other partners or partner or their or
his estates and effects indemnifies there from and from all actions, proceedings,
court claims and demands in respect thereof.

20. That neither retirement nor death or insolvency of any of the parties hereto shall
determine this partnership and that the continuing or surveying partners, as the case
may be, shall be at liberty to continue this business of partnership.

21. That all disputes and differences arising amongst the parties hereto during or after
the termination of partnership in relation to any matter whatsoever touching upon the

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 partnership affairs shall be sorted out & settled through arbitration in terms of the
Indian Arbitration Act, then in force.

In witness whereof the parties hereto have set their respective hands on the day, month
and year first above mentioned.

Witnesses:-

1.

(Ravindra Kumar Kushwaha)

2. Party of the First Part

(Vikash Kumar)
Party of the Second Part

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