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EQUITY PARTNERSHIP AGREEMENT

KNOW ALL MEN IN THESE PRESENTS:

This Agreement is executed by and between:

FOX CHEMICALS AND DEVELOPMENT CORPORATION, and TRIDENT DYNAMIC


SOLUTIONS, INC.,an entity created under the laws of the Republic of the
Philippines with both office address at 10th Floor, Unit 1012 One Corporate Center
corner Julia Vargas Avenue and Meralco Avenue, Ortigas Center, Pasig City,
Metro Manila herein referred to as the First Party;

- and –

________________________ is likewise an entity created under the laws of the


Republic of the Philippines with office address at _______________________________,
Metro Manila herein referred to as the Second Party;

WITNESSETH; That:

1. The First Party is a project owner and developer of “Sibukaw De Rizal


Vincentian Terraces Project” which is yet to be implemented soon;

2. On the other hand, the Second Party is a funding firm for the construction
of the above-mentioned project of the First Party;

3. Wherefore, by these presents, the First and Second Parties hereby agree
to realize the “Sibukaw De Rizal Vincentian Terraces Project” under the following
terms and conditions, as follows:

i. Common contribution. – (a) The First Party shall place in common


the prestige of “Sibukaw De Rizal Vincentian Terraces Project”,
and the business thereof in public.

(b) The Second Party, on the other hand, shall provide an amount
of SEVENTEEN MILLION PESOS (P 17,000,000.00), Philippine
Currency, to be used in the construction of the said project of the
First Party.

ii. Activities to be engaged. - (a) Upon completion of the project,


and opening its business into public, all business activities related
thereto shall be carried out only based on the original plan,
design and concept portrayed by the parties herein.

(b) Engagement with any other activities not in accordance with


the original plan, design and concept of the project may be
carried out at the sound discretion of the parties, unless the same
constitutes a secondary purpose of either of the parties.

(c) The First Party shall keep and maintain records, and render
appropriate accounting of the actual contributions, capital
outlays for the project, and other operational costs in running the
affairs of the Partnership, including wages of the employees, and
taxes.

(d) The Partnership shall shoulder all the cost for taxes and other
fees imposed during the existence of this Partnership Agreement,
except the parties’ separate expenses for maintenance and
operation of their office.

iv. Rights of the parties.- (a) Each party has a right to demand a
meeting once every month, or at any instance as the need arises,
for discussion of existing and prospective projects, reporting and
examination of accounts, and other matters;

(b) In case of conflict and disagreement between the parties,


which does not constitute a crime nor felony under the laws of
the Republic of the Philippines, the same shall be resolved by
arbitration as provided by R.A. No. 876, except claims by
employees under employer- employee relationship;

v. Sharing agreement.- (a) The parties’ share shall be taken from the
annual net profit or revenue produced in the conduct of the
project’s business activities.

(b) Out of the SEVENTEEN MILLION PESOS (PHP. 17,000,000.00)


infused by the Second Party to the First Party’s mentioned project,
the Second Party’s shall be entitled to ten percent (10%) share of
the net income, and the rest shall form part of the share also of
the Second Party.

(c) The declaration and division of shares and profits from the
revenue raised shall be declared only once every year.

vi. Existence of this agreement.- (a) This Equity Partnership


Agreement shall continue to be valid so long as the project exists,
unless terminated by the parties voluntarily.

(b) Other involuntary modes for dissolution of corporation


recognized by law, such as, but not limited to, bankruptcy, may
be resorted also by the parties.

vii. Miscellaneous matters.- (a) All other matters not particularly


stipulated herein shall be subject to the provisions of the New Civil
Code of the Philippines, and other applicable laws;

(b) All other matters beyond the coverage of R.A. No. 876 shall be
brought only, and exclusively, at the proper courts in Pasig City,
Metro Manila, except criminal case/s.

IN WITNESS WHEREOF, the parties set their hands this___ day of July, 2021 in
Pasig City, Metro Manila, Philippines.
FOX CHEMICALS & DEVELOPMENT ____________________
CORPORATION/TRIDENT DYNAMIC ____________________
SOLUTIONS, INC.,
First Party Second Party

Represented by: Represented by:

___________________________ __________________________

Instrumental witnesses:

__________________________ ________________________

ACKNOWLEDGMENT

Republic of the Philippines…}


NCR, Pasig City…} S.S.
x-----------------------------------------/

BEFORE ME, on the date and place stated above, the parties’
representatives and their witnesses personally appeared and known to me to be
the same persons who executed and witnessed this foregoing instrument by
presenting their respective IDs with photographs attached and signatures, to wit:

Name Address Nature of ID ID No. & Issuing


Agency

and, declared that the content herein are the reflection of their true intent and
agreement which they voluntarily entered into, without force, threat and
intimidation.

This Agreement is consisting of three (3) pages including this page which
the acknowledgment appears.

Witness my hand and seal.

Doc. No. ______;


Book No. ______; Notary Public
Page No. ______;
Series of 2021.

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