PARTNERSHIP DEED

This Deed of Partnership is executed at SAHIWAL on this the 10th day of October,
2023 by and between:-

1. SUBO SADIQ son of Muhammad Rafiq aged 36 years, CNIC # 36401-5175489-5

resident of Chak 15/EB, Arifwala, Pakpattan, presently residing at Hussain Colony,
Arif Road, Sahiwal (hereinafter referred to as party of the first part);

AND

2. Muhammad Talha son of Muhammad Naeem aged 30 years, CNIC # 36502-

0415867-9 resident of H. No. 23, Z Block, Tariq Bin Ziad Colony, Sahiwal.
(hereinafter referred to as party to the second part);

WHEREAS the parties above named intend to carry on the business in partnership
in the name and style of SADIQ DAIRIES vide this Deed of Partnership.

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. That the partnership business shall be carried on under the name and style of
SADIQ DAIRIES (name of the firm).

2. That the business of the partnership firm shall be Production, Supply, Sale and,
purchase of dairy items & livestock AND Establishment of Dairy Farms etc.
including carrying out of Dairy Items processing & preserving activities etc. or any
other business as may be decided from time to time mutually by all the partners
to this Deed.

3. That Head Office of the partnership firm is at Plot No. 38, Labour Colony,
Sahiwal. The principal place of business may be shifted to such other place or
places as the partners may unanimously decide from time to time.

4. That any branch may be opened under any name and style at such place or
places as the partners may decide from time to time.
5. That the terms and conditions of the partnership shall be deemed to have been
commenced with effect from the 1st day of October, 2023.

6. That the capital required for the partnership and contributed by the partners as
mutually agreed upon amongst the partners is as under:

Total initial Capital in Pak Rs. 5,000,000/-

1. SUBO SADIQ (50%) 2. MUHAMMAD TALHA (50%)

(Party of the First part) (Party of the Second part)

7. That the regular books of accounts of the partnership shall be maintained at

the place of business which shall be closed on 30th day of June 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.

8. That all the taxes, duties etc by the any of the governments or state
functionaries incurred upon and other operational expenses carried out on/ upon
for the business shall the paid from the firm’s account accordingly and no partner
shall be individually liable for such taxes of expenses as mentioned here.

9. That expenditure if any spent by any of the partner from pocket by such
partner in exercise of duties conferred in respect of business shall be subject to
prompt defray.

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
all the 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 amongst the partners as under.

1. SUBO SADIQ (50%) 2. MUHAMMAD TALHA (50%)

(Party of the First part) (Party of the Second part)

13. That all the personal taxes in respect of profits gained from the business shall
be borne by the partners personally.

14. That the bank account(s) of the partnership shall be operated either singly by
any or jointly by the entire partners to this deed or as may be mutually decided
time to time.

15. That the firm shall not involve in any unlawful business or activities by means
of this partnership.

16. That where a partner wants to withdraw from partnership, he shall give a
written 03 month notice to all partners in this regards and his shares either may
be either purchased by any or all the partners or the existing partner may let step
into the partnership another bona fide purchaser of such shares of departing
partner. In no case the withdrawal of any single or more partners shall be deemed
to affect or dissolve the partnership among remaining partners.

17. No partner, without the written consent of the all 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.

18. That any disconsent 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.

19. That according the mutual consent and understanding of all the partners/
parties on behalf of the firm shall perform all the necessary functions/ duties
equally & jointly.

Moreover all the partners/ 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. Furthermore No partner shall be entitled to any
pay/salary/ remuneration in lieu of services rendered in interest of business by
any or all of such partner as above in exercise of duties assigned in this paragraph
except their the profit/ loss according to their due shares.
20. That in case of death of a partner, the legal heirs of such partner shall step
into the partnership according to the respective share of such partner.
21. That if unanimously agreed upon, the firm or the partners may obtain
advances, loans, limits from banks, financial institutions etc in the name of the
firm if any etc. required for carrying the purposes of business according the
partnership.

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

SUBO SADIQ MUHAMMAD TALHA

(Party of the First part) (Party of the Second part)

CNIC NO 36401-5175489-5 CNIC NO 36502-0415867-9

Witnesses:

____________________ ______________________