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WITNESSETH; That:
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:
(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.
(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;
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.
(c) The declaration and division of shares and profits from the
revenue raised shall be declared only once every year.
(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
___________________________ __________________________
Instrumental witnesses:
__________________________ ________________________
ACKNOWLEDGMENT
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:
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.