You are on page 1of 4

ARTICLES OF PARTNERSHIP

of
BICOL DATA BLITZ, LTD.

KNOW ALL MEN BY THESE PRESENTS:

That we, the undersigned, all of legal age and residents of the Republic of the Philippines
have agreed to amend a limited partnership under the terms and conditions herein set forth and
subject to the provisions of existing laws of the Republic of the Philippines.

AND WE HEREBY CERTIFY:

ARTICLE I. That the name of the partnership shall be:


Bicol Data Blitz, Ltd.

ARTICLE II. That the principal office of the Partnership shall be located at # 10 Abella
St., Naga City, Philippines.

ARTICLE III. That the names, citizenship, residence and designation of the partners of
said partnership are as follows:

Name Citizenship Residence Designation

Edna V Cortes Filipino Naga City General Partner


Mark C. Castillo Filipino Naga City General Partner
Matthew H. Lopez Filipino Naga City Limited Partner
Louie B. Sagon Filipino Naga City Limited Partner

ARTICLE IV. That the term for which said partnership is to exist is 30 years from the
original recording of said partnership by the Securities and Exchange Commission.
ARTICLE V. That the purpose for which said partnership is formed are as follows:
1. To conduct business related to computer rental for internet browsing, computer
gaming, computer rental, printing, photocopying;

1 of 4
2. To conduct web designing, Local Area Network installation, photography
and videography services for all occasions; and
3. To engage in business related to computer buying and selling as well as computer
repair services.

ARTICLE VI. That the capital of the partnership shall be six hundred thousand,Philippine
Currency contributed in cash by the partners as follows:

Name Amount Contributed


Edna V. Cortes Php 300,000.00
Mark C. Castillo Php 300,000.00
Mattew Lopez Php 100,000.00
Louie B. Sagon Php 100,000.00

That no transfer will reduce the ownership of Filipino citizens to less than the
required percentage of capital shall be recorded in the paper books of the partnership.

ARTICLE VII. That the profits and losses shall be divided pro-rata among the
partners.

ARTICLE VIII. That should there be any additional contribution made by a limited partner,
such must be agreed upon by all the partners in writing and duly recorded at least two (2) days after
signing of same agreement. Such contribution shall amend Article VI of the Articles of Partnership
and in no case shall such amendment be done less than one (1) year after the original recording of
said partnership by the Securities and Exchange Commission.

ARTICLE IX. That the contribution of each limited partner may be returned to him/ her
three (3) years after the original recording of said partnership by the Securities and Exchange
Commission.

ARTICLE X. That the limited partner may be given the right to substitute an assignee as
contributor in his place, provided that he has duly notified his partners in writing, stating the
reasons therefor, five (5) days before effectivity of said substitution. Provided further that such

2 of 4
limited partner has already settled his obligations to the partnership prior to the notification of
substitution.

ARTICLE XI. That a partner may admit an additional limited partner, provided that the
other partners have been duly notified in writing five (5) days before effectivity of admission and
duly concurred by all the partners in writing.

ARTICLE XII. That the remaining general partner or partners shall have the right to
continue the business in cases of death, retirement, civil interdiction, insanity or insolvency of a
general partner.

ARTICLE XIII. That the firm shall be under the management of Kurt L. Cervantes as
General Manager and as such she shall be in charge of the management of the affairs of the
partnership.

ARTICLE XIV. That the partners willingly undertake to change the name of the
partnership immediately upon receipt of notice/ directive from the Securities and Exchange
Commission that another partnership, corporation, or person has been declared misleading,
deceptive, confusingly similar to a registered name or contrary to public morals, good customs
or public policy.

IN WITNESS WHEREOF, we have hereunto set our hands this 8th day of May 2011 at
Naga City, Phlippines.

NICOLE C. CERVANTES KURT L. CERVANTES


TIN: TIN:

MATTHEA C. OGUAN YESHA C. VILLARIN


TIN: TIN:

ACKNOWLEDGEMENT

3 of 4
Republic of the Philippines }
City of Naga } S. S.

BEFORE ME, a Notary Public, for and in Naga City, Philippines, this 8th day of May 2011,
personally came and personally appeared the following persons with their Community Tax
Certificates as follows:

Name CTC # Date / Place Issued


Nicole C. Cervantes Naga City
Kurt L. Cervantes Naga City
Matthea C. Oguan Naga City
Yesha C. Villarin Naga City

Known to me to be the same persons who executed the FOREGOING ARTICLES OF


PARTNERSHIP, and they acknowledged to me that the same is their voluntary act and deed.

WITNESS MY HAND AND SEAL on the date first above written.

Name of legal Counsel

Notary Public
Valid Until December 31, 2011
PTR. No.
IBP No.
Roll of Attorney No.
TIN
Cagayan de Oro City
Doc. No.:
Page No.:
Book No.:
Series of 2011

4 of 4