DEED OF PARTNERSHIP

This Deed of Partnership is made on the 24 of May 2016 of the

th

christian era

— AMONG —
Md Rayhanul Islam, son of Md. Mahbubul Islam and Mashrur Jahan,
having permanent address of Jahan Villa, Kalibari Road, Bhola – 8300
and present address of 44, West Agargaon, Dhaka – 1207, bearing NID
No 19935678901214567, by faith Muslim, by profession a
businessman, by Nationality a Bangladeshi (by birth), hereinafter
referred to as ‘First Party’ (which expression shall, unless excluded by
or repugnant to the context, mean and include heir/s, legal
representative/s, administrator/s, nominee/s, and assign/s) of the First
Part
— First party
— AND —
Jakaria Nawaz, son of Md. Azom ali and Maksuda Bibi, having present
and permanent address of 55, East Agargaon, Dhaka – 1207, bearing
NID No 19935678901214567, by faith Muslim, by profession a
businessman, by Nationality a Bangladeshi (by birth) hereinafter
referred to as ‘Second Party’ (which expression shall, unless excluded
by or repugnant to the context, mean and include heir/s, legal
representative/s, administrator/s, nominee/s, and assign/s) of the
Second Part
— Second party

— AND —
Takidul Islam, son of Md. Samsul haque and Rabaiya Begum, having
present and permanent address of House no. 10 Road no. 03, Sector
12, Uttara, Dhaka – 1207, bearing NID No 19935678901214567, by
faith Muslim, by profession a businessman, by Nationality a
Bangladeshi (by birth) hereinafter referred to as ‘Third Party’ (which
expression shall, unless excluded by or repugnant to the context, mean
and include heir/s, legal representative/s, administrator/s, nominee/s,
and assign/s) of the Third Part

— Third party

WHEREAS the parties hereto agreed to form a partnership firm under

this Deed of Agreement in the name of “w3builders” and also agreed to
take all profits and liabilities of the firm “w3builder” which was formed
by same partners based on a verbal agreement on 23 August 2013.
rd

AND WHEREAS the firm will be an Information and Technology Firm and
shall be registered with the appropriate authorities.

AND WHEREAS the parties has mutually agreed to the terms and
conditions of the said partnership as stated hereinafter.

NOW THIS DEED OF PARTNERSHIP WITNESSES AS UNDER:

1. That the partnership concerned shall be named and called as
“w3builders”
2. That the partnership agreement shall be for at least 5 (five) years.
3. That the Managing Partner shall use his residence as home office
for the time being and/or will set another place for the official
address.
4. That the main invest would be the intellectual property of parties
and the initial monetary invest for the firm would be BDT 1,00,000
(One Lac) taka only which would be contributed equally form each
party.
5. That an account shall be opened with any scheduled bank in the
name of the partnership firm and the said account will be
operated by joint signatures of the partners.
6. That the partnership firm shall carry on the business of selling /
Servicing website, software, domain, hosting, designing, advising,
SEO and other IT service and products.
7. That proper books of accounts of the partnership firm shall be
maintained. Any of the partners shall have access to the books of
accounts and the said books of accounts shall be audited by a
qualified Auditor at the end of each financial year.
8. That the profit or loss shall be equally shared unless there is an
extra ordinary risk is taken by any party and thus the firm suffer
loss due to that extra ordinary risk on such situation the parties
shall decide the distribution of the loss due to that particular extra
ordinary risk, but whatever the condition is any single party shall
not be made liable to bear more than 50% (Fifty percent) of the
total loss on that matter.
9. That from the profit of party’s total 10% (Ten Percent) profit will
be saved in savings account and shall be used for the
development of the firm under the mutual consent of all party.
10. That the parties may work in duel capacity for the firm, thus may
have remuneration as an employee as well.
11. That the managing partner shall change in every 2 (two) year on
the mutual consent of the parties, no party can hold the office of
managing partner two times at a row.
12. That if there is any conflict or confusion or any interpretation is
needed reference will always be made to the Partnership Act –
1932
13. That in case of any differences or disputes with the interpretation
or implementation of the terms and conditions of this partnership
Agreement, the same shall be resolved an Arbitrator Committee
hereinafter mentioned.
14. That the committee will be formed with 6 (six) members 3 (three)
of which will be non-interested neutral person and 1
representative of each party and the will solve the matter within
30 (thirty) working days, failing of which resulting the matter sent
to the civil court.
15. That the arbitration committee shall conducted in accordance
with the provisions of Arbitration Act 2001 as much as possible.
16. That if any party dies the profit of his portion will be given to his
legal hires.
17. That this partnership is not as will. In the event of demise of any
partner this partnership will not be dissolve and one of the heir(s)
of deceased partner shall become a partner in his place. If there is
more than one heir then the heirs will nominate and approve one
of them who will become a partner in the place of the deceased
partner.
18. That this Partnership shall dissolve by a public notification with
the consent and approval of all partners.
IN WITNESS WHEREOF, THE PARTIES HERETO MUTUALLY AGREE TO
SUBSCRIBE THEIR NAMES OF THE DAY, MONTH AND YEAR MENTIONED
ABOVE.

SIGNATURE OF PARTIES
Rayhanul Islam
Md. Rayhanul Islam
— First party

Jakaria Nawaz
Md jakaria Nawaz
— Second party

Takidul Islma
Md Takidul Islam
— Third party

WITNESSES

Abdur Rouf
Md. Abdur Rouf
Son of Kashem and Rohima
Address: 44 east agargown, Dhaka – 1201
NID: 19900124536987524
Mobile: 01712586945

Salim Raz
Salim Raza
Son of Kashem and Moriom
Address: 45 east Sawrapara, Dhaka – 1206
NID: 199001245369875255
Mobile: 01712586945

Abdur Farup
Abdur Faruq
Son of Rahmna and Kadhja Bibi
Address: 48 east agargown, Dhaka – 1205
NID: 19920124536987568
Mobile: 01712586945