Form No. 2--Articles of Partnership Limited Partnership

(Articles of Partnership Limited Partnership)

ARTICLES OF PARTNERSHIP

of

__________________________, LTD.

KNOW ALL MEN BY THESE PRESENTS:

That we, __Co-Partner 1__, (single / married / widow), and __Co-Partner 2__, (single / married / widow), and __Co-Partner 3__, (single / married / widow), all Filipinos, of legal ages, and residents of _____________, Philippines, have on this day, covenanted to establish a limited partnership, in accordance with the laws of the Republic of the Philippines, under the following terms and conditions:

1. That the name of this Co-Partnership shall be _____________, LTD. and it shall exist for _____________ (_____) years from the execution of this instrument, with the right of transfer or retirement of any partner provided written notice and approval are made to and by the others;

2. That the names and addresses of the respective co-partners are as follows:

Name Address

_______________ (General Partner)__________________________

_______________ (Limited Partner)__________________________

_______________ (Limited Partner)__________________________

3. That the initial capital of this Co-Partnership shall be _____________ (P_________), Philippine Currency, broken down, in contributions, as follows:

Name of Co-Partner Contribution

________________P_____________

________________P_____________

________________P_____________

4. That the purpose(s) for which this partnership is established (is/are) as follows: __________________________;

5.__Co-Partner 1__ shall be designated as the General Manager of the Partnership, who shall perform such acts and enter into transactions as may be necessary, in the name of the partnership, for the conduct of its business; and who shall receive a monthly salary of P_____________;

6. That the profits and losses shall be divided among the partners as follows:

Name

_______________ (50%)

_______________ (25%)

_______________ (25%)

IN WITNESS WHEREOF, we have hereunto set our hands this _____________ at _____________, Philippines

(SIGNATURES OF PARTNERS)

SIGNED IN THE PRESENCE OF:

_________________ _________________

(ACKNOWLEDGMENT)