ARTICLES OF PARTNERSHIP

OF
“XYZ, LTD.”

KNOW ALL MEN BY THESE PRESENTS:

These Articles of Partnership, made and executed by and among:

Pedro Santos, (Filipino), residing at #8 Recto Ave., Manila;
Maria Reyes, (Filipino), residing at #7 Recto Ave., Manila;
Juan dela Cruz, (Filipino), residing at #6 Recto Ave., Manila;

WITNESSETH:

1. The above-named partners have formed a limited partnership among themselves under
the name and style of XYZ, Ltd;
2. The purposes for which the said partnership is formed are:

(State the object or character of the business);

3. The principal place of business of the partnership shall be at 50 th flr. ABC Bldg. Rufino
St., Makati City.
4. The term for which the partnership is to exist shall be ten (10) years from and after the
execution of this agreement;
5. The capital of this partnership shall be THREE HUNDRED THOUSAND PESOS
(P300,000.00), Philippine Currency, contributed by the partners, as follows, to wit:
Pedro Santos (general partner) ……………… P100, 000;
Maria Reyes (limited partner) ……………… P100, 000;
Juan dela Cruz (limited partner) ……………… P100, 000;
6. Pedro Santos, general partner, is hereby designated the manager of the partnership,
with a monthly salary of THIRTY THOUSAND PESOS (P30,000.00)
7. The profits and losses shall be divided in proportion to their contribution

IN WITNESS WHEREOF, the parties hereto have hereunto set their hands, this 3 rd day of
March, 2015, in the Manila, Philippines.

(Sgd.) Pedro Santos (Sgd.) Maria Reyes

(Sgd.) Juan dela Cruz

Partners
 Signed in the Presence of:

(Sgd.) Florentino G. Hanan (Sgd.) Tony T. Go

Witnesses

JOINT ACKNOWLEDGMENT