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ARTICLES OF PARTNERSHIP OF
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KNOW ALL MEN BY THIS PRESENTS:

That, we the undersigned, all of legal age and covenanted to create a


Partnership under the terms and conditions herein after 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 --------------------------.

ARTICLE II.

That the principal office of the partnership shall be at Hangga St., Sta.
Rita, Guiguinto, Bulacan.

ARTICLE III

That the names, residence and citizenship of the partners are as


follows:

NAME RESIDENCE CITIZENSHIP

- - Filipinos

- - Filipina

ARTICLE IV

That the term for which said partnership is to exist is fifty (50) years
from the constitution of herein partnership.

ARTICLE V

That the purposes for which said partnership is formed are as follows:

1. To purchase ---- and the land wherein the same is situated, located in
Guiguinto, Bulacan (hereinafter referred to as “Property”).
2. To conduct business related to ------.
3. To conduct marketing and related activities geared toward the
promotion of the business of the partnership.
4. To engage in business necessary and/or incidental to the -----.
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ARTICLE VI.

The capital of this partnership shall be PESOS SIX MILLION and 0/100
(Php6,000,000.00), contributed in cash by the partners as follows:

PARTNER CONTRIBUTION
---- PHP3,000,000.00

---- PHP3,000,000.00

TOTAL PHP6,000,000.00

ARTICLE VII

That the net profits and losses shall be divided 70-30, in favor ---------.
In exchange thereto ------------, or whomever she assigns may stay at the
residential portion of the property, approximately half of the total property,
free from charge with regard to rental.

The partnership shall maintain a capital account record for each


partner; should any partner's capital account fall below the agreed to
amount, then that partner shall (1) have his share of partnership profits then
due and payable applied instead to his capital account; and (2) pay any
deficiency to the partnership if his share of partnership profits is not yet due
and payable or, if it is, his share is insufficient to cancel the deficiency.

ARTICLE VIII

That the firm shall be under the management of ----- as Managing


Partner and as such he shall have charge of the management of the affairs of
the partnership and its business.

The relatives of the partner ----------- shall be hired as


workers/employees of --------------- and may not be terminated without the
written conformity of Ms. -------------.

ARTICLE IX

The Managing Partnershall provide their full-time services and best


efforts on behalf of the partnership. That the maximum allowance of the
Managing Partner shall be PESOS THIRTY THOUSAND and 0/100
(Php30,000.00) every month, net of taxes. Any increase or decrease of the
same must be with the written consent and conformity of all the parties.

ARTICLE X

In the event a partner withdraws or retires from the partnership for any
reason, including death, the remaining partner may continue to operate the
partnership using the same name. The withdrawing partner shall be
obligated to give sixty (60) days prior written notice of (his/her) intention
to withdraw or retire and shall be obligated to sell (his/her) interest in the
partnership
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ARTICLE XI

No partner shall transfer his/her interest in the partnership to any other


person or party without the written consent of the remaining partner. The
remaining partner shall pay the withdrawing or retiring partner, or to the
legal representative of the deceased or disabled partner, the value of
his interest in the partnership, or (a) the sum of his capital account, (b) any
unpaid loans due him, and (c) his proportionate share of accrued net profits
remaining undistributed in his capital account. No value for good will shall be
included in determining the value of the partner's interest.

ARTICLE XII

A partner who retires or withdraws from the partnership shall not


directly or indirectly engage in a business which is or which would be
competitive with the existing or then anticipated business of the partnership
for a period of ten (10) years within the Province of Bulacan or where the
partnership is currently doing or planning to do business.

IN WITNESS WHEREOF, the parties have hereunto set their hands on


the date and place first above written.

_________________________________ __________________________________

--------------- -------------------

_________________________________

-----------------
SIGNED IN THE PRESENCE OF

_________________________________ __________________________________
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ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES


S.S.
CITY OF MANILA

BEFORE ME, a Notary Public for and in the City of Manila, Philippines,
this ____ day of ___________, 2016, affiants personally came and appeared the
following:

Names Gov’t. Issued ID. No. Issued On/At

1. ------------- __________________ _______________

2. ---------- __________________ _______________

3. ------ __________________ _______________

known to me and to me known to be the same persons who executed


the foregoing Articles of Partnership over a parcel of land, and
acknowledged to me that the same is their free and voluntary act and deed.

This instrument consists of four (4) pages including this page on


which this Acknowledgment is written, and has been signed by the parties
and their instrumental witnesses and sealed with my notarial seal.

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

DOC. NO. ___ ; Notary Public


PAGE NO. ____;
BOOK NO. ____;
SERIES OF 2016.