2.

10 Profit and Loss Sharing

2.10.1 Profit Sharing
As agreed upon by the partners, the profit sharing ratio of the each partner shall be based on the
net income after deducting tax that is present in the partnership tax return that is filed with
the Bureau of Internal Revenue (BIR). The profit shall be divided equally among the partners
at 25% each.
2.10.1 Loss Sharing
All of the partners are general partners. Hence, All loses should be absorbed by each partner
same as to their profit sharing ratio and become liable even beyond their capital distribution.