Articles of Partnership

Of
_______Evergreen Flower Shop_______
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 general partnership under the terms and conditions
herein after set forth and subject to the provisions of existing laws of the Republic of the
Philippines
AND WE HEREBY ERT!"Y:
ART!LE !# That the name of the partnership shall be
Evergreen Flower Shop
ART!LE !!# That the principal office of the Partnership shall be
located at !"# $c%inle& St, 'ictoria (venue, )utuan *it&
ART!LE !!!# That the names, citi+enship and residence of the partners of
the said partnership are as follows
Na$e iti%enship Resi&ence
)ingcang, ,enise $arian P Filipino San 'icente, )utuan *it&
)ughao, ,ivine (nne $ Filipino -u+ 'illage, )utuan *it&
,ionaldo, .i/a R Filipino
-umantas, 0ul& 0o& S Filipino Estacio 'illage, )utuan *it&
Serrano, )eneva 0une , Filipino -ibertad, )utuan *it&
ART!LE !'. That the term for which said partnership is to exist is !1 &ears
from the original recording of the said partnership b& the Securities and Exchange
*ommission
ART!LE '# That the purposes for which said partnership is formed are as
follows2
a3 To enter together into a business of ac4uiring and selling of flowers, as well as
rendering of services related to the flower business
b3 To engage5
c3 Something something5
ART!LE '!# That the capital of this partnership shall be Three $illion
Pesos, Philippine *urrenc& contributed in cash b& the partners as follws2
Na$e A$o(nt ontri)(te&
)ingcang, ,enise $arian P P 611,11111
)ughao, ,ivine (nne $ P 761,11111
,ionaldo, .i/a R P 811,11111
-umantas, 0ul& 0o& S P #11,11111
Serrano, )eneva 0une , P 761,11111
That no transfer which will reduce the ownership of Filipino citi+ens to less
than the re4uired percentage of capital shall be recorded in the proper boo9s of the
partnership:
ART!LE '!!# That the profits and losses shall be divided, in order of
priorit&, among the partners b& the following2
a3 )onus to -umantas, the managing partner, of !1; of the net income
b3 $onthl& salar& of P<61111, P#11111 and P"61111 to )ingcang, -umantas
and Serrano respectivel&
c3 !1; of capital interest based on average capital balance will be given to all
partners
d3 (n& remaining amount will be divided among the partners according to their
beginning capital balance
ART!LE '!!. That the firm shall be under the management of 0ul& 0o& S
-umantas as =eneral $anager and as such he>she shall have charge of the
management of the affairs of the partnership
ART!LE !*. That the partners underta9e to change the name of the
partnership immediatel& upon receipt of notice or directive from the Securities and
Exchange *ommission that another partnership, corporation or person has ac4uired a
prior right to the use of that name or that the name has been declared misleading,
deceptive, confusingl& similar to a registered name, or contrar& to public morals, good
customs or public polic& .
!N W!TNESS WHEREO"+ we have hereunto set our hands this 6th da& of
,ecember, <1!# at )utuan *it&, Philippines
Bin,can,+ Denise Marian P#
T?.2
B(,hao+ Di-ine Anne M#
T?.2
Serrano+ Bene-a .(ne D#
T?.
Dional&o+ Ni/a R
T?.2
L($antas+ .(l0 .o0 S#
T?.2
2
AKNOWLED1EMEN
T
Republic of the Philippines }
)utuan *it& } SS
BE"ORE ME, a .otar& Public for and in )utuan *it&, Philippines, this
6
th
da& of ,ecember, personall& came and appeared the following persons with their
*ommunit& Tax *ertificates as follows
Na$e T# 2 Date3Place !ss(e&
)ingcang, ,enise $arian P !!!!!! )utuan *it&
)ughao, ,ivine (nne $ <<<<<< )utuan *it&
,ionaldo, .i/a R ######
-umantas, 0ul& 0o& S """""" )utuan *it&
Serrano, )eneva 0une , 666666 )utuan *it&
%nown to me and to me 9nown to be the same persons who executed the
"ore,oin, Articles of Partnership, and the& ac9nowledged to me that the same is
their voluntar& act and deed
W!TNESS MY HAND AND SEAL on the date first above written