PARTNERSHIP DEED

THIS DEED OF PARTNERSHIP is made on this 15th May 2024, by and

between: -

Swati Rajput, S/o-Subhash Singh Rajput, Add-H No-410,Krishna Colony

,Kingi Road,Barely Raisen, Madhya Pradesh-464668 hereinafter
calledparty of the FIRST PART which expression shall include his
successor, assigns, administrators, heirs, and representatives;

And

Laxmi Thakre, W/o-Uttam Rao Thakre, Resident Thakre Niwas Street

Of Behind Pal Bhawan of Moti Ward No-11 ,Kothi Bazar Betul Madhya
Pradesh-46001 hereinafter called party of the SECOND PART which
expression shall include his successor, assigns, administrators, heirs and
representative;

And
Deeksha Rana, W/O–Ankush Rana, Resident of Sohari
(2/4),Una,Himachal Pradesh-177039 hereinafter called party of the
THIRD PART which expression shall include his successor, assigns,
administrators, heirs and representative;

And

Vimla Meena, W/o-Bhagwan Singh Meena, Add-H No-523/gh Ward

No-15 Malakhedi Road,Sharda Narmdapuram Malakhedi,
Narmdapuram-Madhya Pradesh-461001 hereinafter calledparty of the
FIRST PART which expression shall include his successor, assigns,
administrators, heirs, and representatives;

Whereas the above Said parties are intending to carry on the business

under partnership for running of Solar Energy services, and allied

Servicesvide partnership deed executed on 15th May 2024

AND WHEREAS the above Said parties have hereby agreed to carry on

businesses of partnership under the name and style of M/S ARIVE

SOLAR

AND WHEREAS the parties have hereby agreed on the terms and

conditions as detailed under which the newly constituted partnership

business shall run.

NOW, this indenture witnessed and the partners hereby mutually agree

on terms and condition and declare as follows:

1. That the partnership between above named parties shall

commence in accordance with the law provided under Indian

Partnership Act, 1932, from 12th March 2021.

2. That the business of the partnership firm shall be

carried on under the name and style of M/S ARIVE SOLAR

3. or in any other name or names as the parties may decide from

time to time.
4. That the business of the partnership firm shall be carried on at

F NO.E-302 STERLING GLOBE GRAND OPP-HANUMAN NAGAR

JATKHEDI ROAD BHOPAL-MP which shall also be the Head

Office/ Principal Place of the Business,And the place of business

can be changed to any place as may mutually be decided upon

by the parties of the two parts.

5. That the nature of business of Partnership shall be of a running

for Solar Energy services, and allied Services, the scope of

runningof business can be enlarged or changed to any other

business, asmay mutually be decided upon by the parties.

6. The partnership shall be at will.

7. That the bank account or bank accounts may be open in the name

of firm or any of the partner, which shall be operated by anyone

of the partner or in the manner as may mutually be agreed upon

in the future.

8. That the newly constituted partnership business shall be carried

on with an initial capital of Rs. 5,00,000/- (Five lakhs Only) which

shall be contributed by parties in their respective profit- sharing

ratio (i.e. 1:1:1:1) of all the parts. Future funds required for the

running of the business shall be contributed by parties of all the

parts as may be decided amongst parties of the two parts.

Parties of all the parts shall be entitled to interest 12% per annum

or at the rate prescribed under the Income tax Act, 1961, on the
amount standing to their credit, which shall be credited to their

capital account on the last day of the financial year, in case of

insufficient profits, the rate of interest can be reduced to NIL, as

per the mutual decision of parties of all the parts.

9. That the all parties shall look after the business of the partnership

firm on day-to-day basis and shall be working partners.

10. That the usual records of the firm shall be maintained and shall

be remain open for inspection by the all the parties at all

reasonable time.

11. That the on the last date of each financial year i.e., the 31st

March, a Profit and Loss Account and Balance Sheet shall be

drawn.

12. That the profits or losses of the partnership business shall be

divided after transfer of 60% profit or losses of the respective

years to Reserve Account and the remaining 40% shall be divided

among in their respective profit-sharing ratio of the parties of all

the parts; i.e.; Equally

13. That the 60% reserved amount of respective years shall be used

only after the consultation of the all the partners and to be used

in the manner as may mutually be agreed upon in the future.

14. That each Party shall be entitled to draw from the partnership

firm for this personal or other expenses as mutually agreed upon

by the partners.

15. That all the parties shall:

a. Carry on the partnership business to the greater common

advantage.

b. Be just and faithful to one another and render true account

and full information of the entire thing affecting the

partnership to one another.

16. That no parties shall:

 a. Without the consent of the, assign or mortgage his/her

partnership interest to another person or party.

b. Lend money or give credit to or have any dealing on behalf

of the partnership with any person, firm or party with whom

the other parties may have previously forbidden to trust or

deal with.

17. That party of any part may entire from the partnership by giving

one month’s notice in writing to the other parties of his/her

intention to do so, such notice however, will not be necessary if

he/she retires with the consent of other parties. In settling

accounts between the parties no value will be put on the goodwill

of the firm which will belong to the continuing parties.

18. That any of the party may give one month’s notice In writing to

the other party for the dissolution of the firm and in such even if

the other parties desire to continue the business of the firm. He

/ She will be entitled to do so and the notice as drawn by the

party will be considered as a notice of the retirement and the

provisions of this clause will not apply.

19. That the firm will not be dissolved on the death of any of the

parties. If any party dies, one of his heir or other legal

representatives who is major at the time of his/her death will be

considered too taken in as a partner in his/her place and if a

minor he/she will be given the benefits of partnership till he/she

attains majority. In case such heir or other legal representative

does not want to become partner, the deceased partner shall be

deemed to have retired from the partnership as from the date of

 his/her death and the surviving partners will continue the

business.

20. That in case of dispute or differences between the partners

relating to any matter arising out of partnership as regarding

interpretations of the terms in these presents, the same shall be

refereed to any arbitrator or arbitrators as may be appointed by

the partners jointly or singly and the decision of the arbitrator or

the majority and the decision of the arbitrator or the majority of

arbitrators as the case may be shall be final and binding on the

partners.

21. That any of the above terms and conditions may be varied,

altered or added to by mutual consent of the partners which may

be either expressed in writing or implied by conduct.

22. That the matters not provided in this partnership deed shall be

governed by the Indian Partnership Act, 1932 as amended from

time to time.

IN WITNESSES WHERE OF the partners have set and subscribed

their respective hands on the date, month and year herein above
mention.

WITNESES SIGNATURE OF THE PARTNERS

1. Party of the First Part

Party of the Second Part

2
Party of the Third part

Party Of The fourth Part