This PARTNERSHIP AGREEMENT is made in accordance to the Laws of Malaysia, Act 135, Partnership Act 1961.
1. Name of Partners This PARTNERSHIP AGREEMENT is made this 8th day of August, 2010, by and between Mr.Game (NRIC No.781112-07-5678) and Mr.Boy (NRIC No.820722-07-2358).
2. Name of Business The name of the business is BEST GAME BOY. 3. Place of Business The principal office of the business shall be in 168, Jalan Kayaraya, 11800 Penang 4. Nature of Business The nature of business involves the selling of computers for the firm, “BEST GAME BOY” locally and globally. 5. Contribution of Capital A capital account shall be maintained for each partner. Neither partner shall withdraw any part of his capital account. Upon the demand of either partner, the capital accounts of the partners shall be maintained at all times in the proportions in which the partners share in the profits and losses of the partnership, excluding the initial capital of RM100,000. The initial capital of the partnership, which is RM100,000 (Ringgit Malaysia: One Hundred Thousand Only) shall be contributed in cash solely by the partner, Mr Game. The initial capital contributed by Mr.Game shall be maintained in the individual capital account of Mr. Game and it is strictly for the purpose of the business. Any future contributions of capital by the partners are to be put into the individual capital account.
5. Profit and Loss.
The net profits of the partnership shall be divided equally between the
