PARTNERSHIP DEED

This DEED OF PARTNERSHIP was agreed on 23rd of May 2015

Between
PARTY A,
Raja Khurram Nawaz SO
CNIC 61101-8695061-9,
Resident of Al-Mustafa Tower H# 319 Sector G-8 Islamabad.
PARTY B,
Zia Ullah Ranja
CNIC xxxx-xxxxxxx-x,
Resident of ABC

, Pakistan.

PARTY B,
Amjad Ali CNIC 33100-2685488-7,
Resident of H70/71 Ghulam Muhammadabad, Faisalabad, Pakistan.

The following points were agreed by the partners and are as follows
1

The Partnership shall come into effect from 1 st of jully 2015 and shall be for
an indefinite period unless it is determined.

Its registered address will be Al-Mustafa Tower H# 319 Sector G-8 Islamabad.

Partners have joined hands to jointly operate the partnership for services
business especially focusing the food and catering business.

The name of the partnership will be Smart Way Foods.

The Partners may decide to expand their scope, services and work to other
areas after having a mutual consent.

Party A has mutually agreed that will be responsible of providing the initial
seed investment for the partnership which is locked at the amount of PKR: 3.6
Million.

Where as party B & C will generate business for the organization.

It has been decided that in the Profit and Loss ratio between the partners will
be as under.
i PARTY A

50%

ii PARTY B
iii PARTY C

25%
25%

The partners have mutually agreed to take up the following roles

a

PARTY A will be responsible for

i Project Execution
ii Networking with Partners and Clients

PARTY B will also be responsible for

i Project Execution
ii Networking with Partners and Clients

PARTYC will be responsible for

i Financial Management
ii Support Functions
iii Business Development
iv Development Of Business Plans

10 That on closing the account books in the aforesaid manner, monthly profit &
Loss Account shall be prepared and a balance sheet shall be drawn up.
11 That the account shall be opened with any schedule Bank of Pakistan as the
Partners may mutually decide and the same shall be operated upon by the
Party A and Party C jointly and all the transaction will be carried from the said
bank account.
12 If the company is not going in the right direction the partners will be allowed
to inform one another to dissolve the partnership, the desolation mechanism
will be discussed by the partners and will be brought in writing. And will be
binding on all the partners.
13 In case of any conflict partners will be allowed to have a mutual arbitrator for
the resolution of the conflict. If the partners dont agree on one arbitrator
they will be allowed to bring one for the same purpose. The decision of the
arbitration will be considered as final.
14 The partnership will be allowed to bring more investment in the organization
and this investment will be from the partners and from any other source as
well. The share of that investment will be discussed and agreed by the
partners and will be considered as a business loan.
15 In case of dissolution party C will have the right to keep the company and pay
the investment to along with the profit and loss to the other partners. If party
C is not in a position to do that then the second right will be of Party A and
subsequently party B will have the right at the end.
16 All the partners will have a free access to accounts and party C will be
responsible to share the accounts of every month with both partners before
the 5th of every month.

17 All the costs of employees and other administrative costs agreed by the
partners will be charged to business as an expense.
18 Partners will be bound to have secrecy and will be liable for that.

Partner A

Partner B

Partner C

Raja Khuram Nawaz

Zia Ullah Ranja

Amjad Ali

CNIC

CNIC

CNIC

Witness 1
Name
CNIC

Witness 2
Name
CNIC

Witness 2
Name
CNIC