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AMENDMENT PARTNERSHIP DEED

This deed of amendment in partnership is made on this 1 st day of April2009


between:

1. MR (Here-in-after referred to as party on the first part).

2. MR (Here-in-after referred to as party on the second part).

3. MR (Here-in-after referred to as party on the Third part).

4. MR (Here-in-after referred to as party on the Forth part).

Whereas, the above named party no.2,3, was carrying on the business of Building
& Road Construction, civil work, with state & central gourment, teaching institute,
hospital, agricultural Etc along with Mr in the Name & Style of in partnership vide
partnership deed dated
And Whereas, Mr decided that the profit and loss on the partnership firm shall be
devided/ born among/ by, the parties to agreement in followings ratio w.e.from 01-04-
2009.

Mr 45%
Mr 45%
Mr 05%
Mr 05%
And whereas, it is considered, expedient and advisable to execute a fresh
partnership deed in to written and change in shares and embodying all the terms and
conditions of partnership which has mutually been agreed to avoid any further dispute so it
is done as here under.

Now this Memorandum of agreement between the parties hereto agree that they
become partners subject to the terms and conditions expressed here-in-under:

NAME
1. That, the business of partnership shall be carried on in the name & style of M/s
COMMENCEMENT
2. That, the partnership commenced the business w.e.f. 1st April2009 and shall be
deemed to have commenced from that date for all practical purpose(s).

PLACE
3. That the principal place of the business shall be situated at and/or any other place(s)
as decided time to time by the partners mutually.

BUSINESS
4. That, partnership shall carryon business of Building & Road Construction, civil
work, with state & central gourmets, teaching institute, hospital, agricultural Etc. However,
the partnership may carryon any other business, not prohibited, by the law of land, which
the partners may mutually decided from time to time.

DURATION
5. That, the partnership business shall be AT WILL.

CAPITAL
6.(I) That the initial funds for the partnership firm shall be provided by the parties to this
agreement in the ratio and on such terms and conditions as may be mutually agreed upon.

6.(II) That, on the first day of every accounting year the capital of the firm and individual
contribution of each partner therein shall be fixed with the consent of all the partners. The
decision of the partners shall be recorded in the minute book to be kept for this purpose,
which shall be signed by all the partners.

6.(III) That, the partners may also have current accounts with the firm, which shall not
form part of the capital of the firm as defined in Para 6(I) and (II) of this deed.

6.(IV) That, simple interest @ 12% P.A. shall be paid to the partners on the capital as
defined in Para 6(I) and 6(II) of this deed subject to the availability of profit.

REMUNERATION
7. That, all the partners shall be working partners to look after the affairs of the
business of the firm honestly, diligently and to the best of their ability and for the services
so rendered by them to the firm. Super working partner shall be paid commission subject
to the availability of profit.

The gross amount of commission to be paid to the working partners shall be


calculated in the following manner and shall be divided amongst the partners in the ratio of
the profit sharing:
On the first 300000/- of book profit or in 90% thereof or Rs. 150000.00 which
the event of loss. -ever is higher.
On remaining book profit 60%

ACCOUNTS
8. That, the proper books of accounts shall be maintained/ caused to be maintained in
the regular course of business and each party shall have right to inspect them, to take
copies thereof and to take extracts there from, during the business hours.
That the accounting year of the firm shall be from 1 st day of April to 31st day of
March of the following year.
That, an account shall be taken each year on the 31 st day of March of the assets and
liabilities and profit or loss of partnership firm and the same shall be dully signed by the
each party of the agreement.

BANK ACCOUNTS
9. That, the bank account shall be opened in the name of the firm in any bank. The
account shall be operated by the signatures of any two of them.

PROFIT SHARING/LOSS BEARING


10. That, the profits and losses on the partnership firm shall be divided/borne,
amongst/by the parties to agreement in following ratio:

Mr 45%
Mr 45%
Mr 05%
Mr 05%
DEATH AND RETIREMENT
11. That, in the event of retirement or death of any partner of the firm, the remaining
partner shall be entitled to carryon the business in the same name after such reconstitution
as may be decided by the surviving partners. The account of the retiring/deceased partner
shall be settled immediately.

GOODWILL
12. That, goodwill shall always belong to the firm, irrespective of any retirement or any
other change in the constitution in the firm.

ARBITRATION
13. That, in respect of any dispute arising between the parties to the agreement and/or
their legal heirs/ representatives, as regard to interpretation and enforcement of the terms of
this deed, the decision of the arbitrator, to be appointed mutually by the parties hereto,
shall be final and binding.

GENERAL
14. That, for all other matters not specifically mentioned in this deed, the provision of
the Indian Partnership Act1932 shall be applicable.

15. That, partnership may borrow money from any bank or other financial institutions
on such terms and conditions as may be agreed and for this purpose partners are authorized
to pledge/mortgage the assets of the firm and to sign all such documents as may be
required from time to time.
16. That, the terms and conditions of the partnership deed may be altered, modified,
varied, added or canceled by the mutual agreement arrived at between the partners and
signed by them.

In witness whereof, the parties hereto have put their respective signatures on this
deed of amendment in partnership, this the 1st day of April 2009.

WITNESSES SIGNATURES OF PARTNERS


1.
2.

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