PARTNERSHIP DEED

This DEED OF PARTNERSHIP executed this, the 8th day of March 2017 BETWEEN

Mr. Arun aged about 25 son of Chidambaram and residing at Mapleton Flat No 1, Ponnamalli,
Bangalore, 600100 hereinafter called the FIRST PARTNER (which term shall mean and
include all their legal heirs, executors, representatives, assignees, etc.) of the FIRST PART, Mr.
Aakash aged about 26 son of Sunil and residing at Mapleton Flat No 2, Ponnamalli, Bangalore,
600100 hereinafter called the SECOND PARTNER (which term shall mean and include all
their legal heirs, executors, representatives, assignees, etc.) of the SECOND PART, Mrs. Sundari
aged about 27 daughter of Raja and residing at Mapleton Flat No 3, Ponnamalli, Bangalore,
600100 hereinafter called the THIRD PARTNER (which term shall mean and include all their
legal heirs, executors, representatives, assignees, etc.) of the THIRD PART and Mr. Raju aged
about 28 son of Baba and residing at Mapleton Flat No 4, Ponnamalli, Bangalore, 600100
hereinafter called the FOURTH PARTNER (which term shall mean and include all their legal
heirs, executors, representatives, assignees, etc.) of the LAST PART.

WHEREAS it is agreed that the parties hereto (hereinafter called the partners) shall be partners
in the activity of providing accountancy services to their clients. This service is to be carried on
under the name and style of "Bright Life" at Bangalore.

NOW THIS DEED WITNESSES AS FOLLOWS:-

1. The parties hereto becomes partners in the activity of proving legal services to clients under
the firm name of "Bright Life".
2. The office and the activities of the firm shall be at present carried out at Rafi Buildings
Parrys Cornor, Opposite High Court of Judicature Bangalore, Bangalore 600001, and at such
other places as the partners may hereinafter mutually agree for that purpose.
3. The capital of the firm shall be Rs. 1 Lakh (Rupees one lakh only) to be contributed equally
by the parties, at the sum of Rs. 25 thousand (Rupees twenty-five thousand only) each and
shall be paid into the account of the firm at the HSBC Bank, Chennai. Any further amount
required for the partnership shall be contributed by the partners equally as may from time to
time be agreed upon by the partners.
4. All moneys cheques and other securities belonging to the firm except those required for
current expenses, shall be deposited with the above said bank of the firm.
5. The partners shall maintain all the accounts of the firm. The accounts, books, deeds vouchers,
and all other papers shall be kept at the place of business and shall be open for inspection by
the partners at any time during business hours.
6. A general account of the business shall be taken on the thirty first day of March every year,
which shall be audited by the auditors appointed by the partners. The profit and loss account
and the balance sheet shall be signed by each partner in token of its accuracy.
7. All outgoings and expenses of the firm shall be paid out of the capital and profits of the
business and in case of deficiency, by the partners in equal shares. The profits and losses
shall belong to and be borne by the partners in equal shares.
8. Each partner shall be entitled to draw in advance an amount not exceeding Rs. 5000/-
(Rupees five thousand only) each month, but if on general account s in any year, it appears
that other either partner has drawn more than his share of profits for that year, he shall refund
the excess at once.
9. All bills and cheques drawn for amounts exceeding Rs. 5000/- (Rupees five thousand only)
shall be signed by all the partners.
10. The partners shall pay whole-time diligent attention to the firm and carry on the same to the
greatest advantage of the partners. Neither partner shall be directly or indirectly engaged or
interested in any trade or business similar to or in competition with that of the firm.
11. Neither partner shall without written consent and authority of the other, lend any money or
deliver on credit any goods of the firm.
12. Neither partner shall, in any manner, make himself liable or make any assignment
whatsoever, or do or knowingly permit to be done anything whereby the property of the firm
may be exposed to any danger of being seized, attached or taken in execution.
13. No partner shall either alienate or encumber his interest in the firm in any manner
whatsoever.
14. The partnership shall be determinable at the will and may be dissolved by one months notice
in writing on either side.
15. Upon the dissolution of the firm by any means a full and general account of the assets and
liabilities of the firm shall be taken on valuation by an arbitrator to be appointed by the
partners or their legal representatives as the case may be, and any partner or his legal
representatives shall be entitled to purchase the others share or to receive the legal shares
due up to the date of dissolution.
16. Any dispute or question which may arise in relation to any matter whatsoever touching the
partnership affairs, including the construction of the deed whether before or after the
termination of the partnership, shall be referred to an arbitrator to be appointed by the
partners or their legal representatives as the case may be, any the decision of such arbitrator
shall be final and binding between the parties.

IN WITNESS WHERE OF, the parties hereto have set their hands on this, the 8 th day of
March, 2017.

Dated at Bangalore, this 8th Day of March,2017.

WITNESS

(1) (sd/-)-xxxxxxx sd/-xxxxxxxxxx

(vendor)

(2) (sd/-)-xxxxxxxxxxx sd/- xxxxxxxxxxxx

(Name and Address) (purchaser)