You are on page 1of 3

ARTICLES OF PARTNERSHIP

of
ZY CREATIVE IDEAS, 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 ZY Creative Ideas, Ltd.

ARTICLE II.
That the principal office of the Partnership shall be located at #19Scions, Canitoan, Cagayan de Oro City,
Philippines.

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

Name Citizenship Residence Designation


Abdulharis P. Paporo Filipino Cagayan de Oro General Partner
Norhanna P. Paporo Filipino Cagayan de Oro General Partner
Adapodin P. Paporo Filipino Cagayan de Oro Limited Partner
Strawberry A. Luciniada Filipino Cagayan de Oro 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 graphics design and lay outing including business promotion and
advertising;
2. To conduct 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
Abdulharis P. Paporo P 225, 000.00
Norhanna P. Paporo P 225, 000.00
Adapodin P. Paporo P 75, 000.00
Strawberry A. Luciniada P 75, 000.00

That no transfer will reduce the ownership of Filipinos 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 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 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 Norhanna P.Paporo, 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 declare 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 8 day of September 2011 at Cagayan de
th

Oro City, Philippines.

ABDULHARIS P. PAPORO NORHANNA P. PAPORO


TIN: TIN:

ADAPODIN P. PAPORO STRAWBERRY A. LUCINIADA


TIN: TIN:

You might also like