PARTNERSHIP DEED

THIS DEED OF PARTNERSHIP is executed on this 20th day of September 2024, by and between:-

1. Mr. Reetesh Mishra S/o Sh. Giradhar Prasad Mishra, R/o H.No.1, Gali No. 2, Near Water Tank,
Nithari Sector 31, Noida Gautam Buddha Nagar, Uttar Pradesh- 201301
Having PAN- CPLPK9492N and Aadhaar Card- 345093833429
(hereinafter referred to as First Partner), which expression shall, unless it is repugnant to the
context mean and include his legal heirs, successors, administrators and against or anyone
claiming through or under him);

AND

2. Mr. Rajeev Kumar S/o Sh. Ashok Kumar, R/o H.No.10, Raghavpur, New Raghavpur, Village Nanak
Heri, South West Delhi, Delhi- 110071
Having PAN- IBDPK3541Q and Aadhaar Card- 444747275377
(hereinafter referred to as Second Partner), which expression shall, unless it is repugnant to the
context mean and include his legal heirs, successors, administrators and against or anyone
claiming through or under him);
WHEREAS the parties (the “Partners”) above named intend to carry on the business in partnership in
the name and style of M/s Digital AI Solutions vide this Deed of Partnership.

WHEREAS all the above said parties have decided to enter into a Partnership through this Deed of
Partnership from 20.09.2024

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. COMMENCEMENT OF PARTNERSHIP

All the partners hereby agree that this partnership business had already commenced and come
into force from 20.09.2024

2. NAME AND STYLE

The partners shall carry on the business under the name and style of M/s Digital AI Solutions.

3. OBJECTS OF THE PARTNERSHIP

The partnership firm shall be carrying on the business of Digital Marketing and Web Solution
under the name and style of M/s Digital AI Solutions.

4. PRINCIPAL PLACE OF BUSINESS

The partnership business shall carry on its business from its principal place of business at D65,
Udyog Vihar Phase 5, Gurugram, Haryana- 122016.
The principal place of business may be shifted to such other place or places as the partners may
unanimously decide from time to time.

5. That the terms and conditions of the partnership shall be deemed to have been commenced
with effect from 20th day of September 2024.

6. That the capital required for the partnership shall be contributed as 60% Rajeev Kumar and 40%
Reetesh Mishra to the firm M/s Digital AI Solutions.

7. That in the event where the partnership sustains losses, or if it becomes economically unfeasible
to continue the business operations, partners have mutually decided to discontinue the
operation, all assets/liability of the partnership M/s Digital AI Solutions shall be transferred to
60% Rajeev Kumar and 40% Reetesh Mishra Partners mentioned above to the firm M/s Digital
AI Solutions.

8. 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.

9. That account books of the business shall be audited annually by a Chartered Accountant
mutually agreed and appointed by the business. That the account of the partnership business
shall be taken on 31st March of every year when profit and loss accounts and balance sheet
shall be prepared and net profit and loss as the case may be of the business shall be divided
amongst the partners.

10. 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.

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

12. That the Profits and Losses as per Profit and Loss Account of the partnership business shall be
divided 60% Rajeev Kumar and 40% Reetesh Mishra.

13. 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.

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

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

II. Charge, mortgage, hypothecate, assign or otherwise transfer the business, property or rights of
this partnership firm.

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

16. 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.

17. 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.

18. That the provisions of the Indian Partnership Act, 1932 shall apply as regards matters not
expressly provided for hereinbefore in this partnership deed.
 19. 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.

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

21. 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:

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

– 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.

– To go into acquisition, purchase, takeover and/or amalgamate of other entities or vice versa as and
when Partner opts to do so.

– 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.
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.

22. 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.

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

24. 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.

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

26. 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.

27. That unless provided hereinbefore, the provisions of the Indian Partnership Act, 1932 shall
apply.
IN WITNESS WHEREOF the parties hereto have affixed their signature in this Deed of Partnership on this
date, month and year hereinabove first mentioned in presence of the witnesses.

WITNESSES:

WITNESS NAME SIGNATURE

1. Name:-

Address:-

2. Name:-

Address:-

EXECUTANTS

Name of Partners Signatures/Thumb Imp. Photo

1. Reetesh Mishra
(1st Partner)

2. Rajeev Kumar
(2nd Partner)

For M/s Digital AI Solutions