Partnership Deed

AGREEMENT ADMITTING MINOR TO THE BENEFITS OF PARTNERSHIP

THIS AGREEMENT made at ............... on this 5th day of January, 2011, between A son of Roshan Sharma resident of b-203, Saath Appt.,Memnagar, Ahmedabad of the FIRST PART, B son of .................. resident of .................. of the SECOND PART and C son of .................... resident of ................. of the THIRD PART.

WHEREAS the parties hereto are carrying on the business of Service - Hotels in partnership under the name and style of M/s. 7 Chefs Group Of Hotels at Seven Chefs, SP Colony, Ahmedabad upon the terms and conditions mentioned in the Deed of Partnership dated 03 - 01- 2011 .

AND WHEREAS the parties have agreed to admit the minors D and E to the benefits of the partnership.

NOW THIS AGREEMENT WITNESSETH AS FOLLOWS:

1. Shri D son of ............................................... minor (Date of birth), resident of .................................. shall be admitted to the benefits of partnership between A, 8, and 0 in terms of Deed of Partnership dated ............ from the date of these presents.

2. The net profits of the partnership shall be arrived at after providing for payment of remuneration to the working partners and interest to the partners as provided shall be divided among the partners in the following shares and proportion:

(i) A - 30 paise in a rupee in the net profits , 40 paise in a rupee in the net losses.

(ii) B - 30 paise in a rupee in the net profit 40 paise in a rupee in the net losses.

(iii) C - 30 paise in a rupee in the net profit 20 paise in a rupee in the net losses.

(iv) D - 10 paise in a rupee in the net profits Minor's share.

3. It is also agreed that the said minor D shall be entitled to the benefits of partnership and shall not be personally liable for any obligations and liabilities of the firm but his share in the profits of the firm shall be liable for any obligations and liabilities...