PRODUCERSPARTNERSHI

PAGREEMENT
Thi
sPar
tner
shipAgr
eement(anEnter
tai
nmentFi
lm PROJECTProduct
ion)ismadeandent
eredi
ntoon
MARCH16,2021astheexecut
iondateofbi
ndi
ngbyandbetweenthefoll
owingpar
ti
es.

NAME: NAME:

JOHNRAYD.GARCI
A ARNOLDE.PALENCI
A

LOCATED: =and= LOCATED:

118RHernandezSt. 2164P.DandanSt
.Br
gy51Pasay
Cit
yNCR
SanJaoquinPasi
gCity

BACKGROUND
1.Thepar t
ieswi sht oassoci atethemsel v
esaspar tnersinf i
lm pr ojectbusi ness.
2.Thi sagreementset soutthet ermsandcondi ti
ont hatgov ernt hePar t
ner swi t
ht hePar tnershi
p.
3.Thepar t
iesareent it
ledtot hebusi nessi nallmeans, andcanuseandr epresentt henameoft he
PROJECTi nanyf or m ofpromot i
onanddev el
opment alpurposes.
4.Bot hpartiesdeci dedandagr eedt ouse“ REDTAG”ast heirFI LM PROJECTname.
5. ThePROJECTwi l
l besubmi t
tedinaf i
lmf esti
val andagr eedt odopar tnershipv entureinterms
ofmonet izat
ion.
6. Allsoci
al mediaaccount swi llbeshar edf ortr
anspar ency ,andr esour cesaccur acymeasur es.
(Facebookpage, Instagram, Twi t
terandYout ubeaccount )
7.Bot hpartiesagr eedt hatanypr of
it,MR.ARNPALENCI Aasco- producerwi llgethisf ul
l
i
nv est
mentf i
rst .Andt hatanyr evenuet hatwi l
lbecomi ngi nt hef uture,bothpar t
ieswillbe
getti
ngtheirrespect iveinvestment sandpr ofi
tifany .
8.Thepar t
iesagr eedt hatallinsidepr oductionprojectexpenseswi l
l beshar edequal l
y,andthe
i
nv est
mentwi l
l beaccount edandspl itintohalf,50/50basi sformt het otalamountofPHP.
140,000.
00
9.Thatbot hpar tieswi llbeshar i
ngat otalamountof50%Shar est hatis;PHP.70, 000.00.

I
NCONSI DERATI
ONOFandasacondi tionofthePartner
senteri
ngi ntothi
sAgreementandother
val
uableconsi
der
ations,
ther
ecei
ptandsuffi
ciencyofwhichconsiderati
onisacknowl
edged,t
he
Par
tiestothi
sAgreementagr
eetothefoll
owing.

CREATI
ONOFPARNERSHI
P
Bythi
sagr
eement,
thePar
tiesenteri
ntoageneral
par
tner
shi
p(SHORT-
FILM REDTAG)i
naccor
dance
wit
hthel
awoftheRepubl
i
coft hePhil
ippi
nes.

Theri
ghtsandobligati
onofthePartner
swill
bestatedint
heBookIVoftheCivi
lCodeoft
hePhil
i
ppines
Tit
leI
IArti
cles1305-1422.(
htt
ps:
//phil
awgov.
wiki
a.or
g/wi
ki/
Cont
ract)Exceptasot
herwi
sepr
ovidedin
thi
sAgreement.

NAMEOFPARNERSHI
P/BUSI
NESS
ThenameofthePar
tner
shi
pwi
l
lbe;
JOHNRAYGARCI
A“aka”JODIGARCI
AandARNOLDE.PALENCI
A
“aka”ARNPALENCI
A

Andt
heFI
LM PROJECTnamei
s;

“
REDTAG”

PURPOSEOFPARTNERSHI
P
Thepar
tner
shi
pisest
abl
i
shedf
ort
hef
oll
owi
ngpur
pose;

1.Enter
tai
nmentPr
oduct
i FI
on( LM-
FESTI
VALENTRY,
SOCI
ALMEDI
A,WEBANDONLI
NE
FLATFORMS)

TERMS
Thi
spart
nershi
pexi
stenceshal
lcommenceonWEDNESDAY,MARCH16,
2021andshal
lcont
inueunt
il
di
ssol
veeit
herbymutualagr
eementorbyoper
ati
onofl
aw.

(
int
heot
herpagei
ntenti
sthev
enuef
orLAWYERNOTARYandSTAMP)
- ENDOFTHE
AGREEMNET