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Articles of Partnership1

This document outlines the articles of partnership for Early Birds Production, Ltd. It establishes the partnership between 5 individuals, with 2 general partners and 3 limited partners. The purpose of the partnership is to conduct graphics, promotion, advertising, photography and videography businesses. It details the capital contributions of each partner, management structure, profit/loss distribution, and procedures for changes to the partnership.

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Francis Ralph Valdez
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50 views

Articles of Partnership1

This document outlines the articles of partnership for Early Birds Production, Ltd. It establishes the partnership between 5 individuals, with 2 general partners and 3 limited partners. The purpose of the partnership is to conduct graphics, promotion, advertising, photography and videography businesses. It details the capital contributions of each partner, management structure, profit/loss distribution, and procedures for changes to the partnership.

Uploaded by

Francis Ralph Valdez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ARTICLES OF PARTNERSHIP

of
EARLY BIRDS PRODUCTION, 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: Early Birds Production, Ltd.

ARTICLE II.
That the purpose for which said partnership is formed are as follows:

1. To conduct business related to graphics design and layouting including business


promotion and advertising; and

2. To conduct photography and videography services for all occasions.

ARTICLE III.
That the principal office of the Partnership shall be located at Valle Subdivison, Lanao,
Kidapawan City.

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

Name Citizenship Residence Designation


Patricia Monique
T.Bellosillo Filipino Kidapawan City General Partner
Princess Hayria B. Piang Filipino Pikit, North Cot. General Partner
Maria Emmanuelle A.
Caguiwa Filipino Kabacan, North Cot. Limited Partner
John Cesar V. Padernal Filipino Kabacan, North Cot. Limited Partner
Francis Ralph T. Valdez Filipino Kabacan, North Cot. Limited Partner

ARTICLE V.
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 VI.
That the capital of the partnership shall be five hundred thousand, Philippine Currency
contributed in cash by the partners as follows:

Name Amount Contributed


Patricia Monique T. Bellosillo 150, 000

Princess Hayria B. Piang 150, 000

Maria Emmanuelle A. Caguiwa 100,000


John Cesar A. Padernal 50,000

Francis Ralph Valdez 50,000

ARTICLE VII.
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 VIII.
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 IX.
That the profits and losses shall be divided pro-rata among the partners.

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 firm shall be under the management of Princess Hayria B. Piang, as General
Manager and as such she shall be in charge of the management of the affairs of the
partnership.

ARTICLE XIII.
That the remaining general partner or partners shall have the right to continue the
business in cases of death, retirement, civil interdiction, insanity or insolvency of a general
partner.

ARTICLE XIV.
That the partners willingly undertake to change the name of thepartnership
immediately upon receipt of notice/ directive from the Securities andExchange Commission
that another partnership, corporation, or person has beendeclare misleading, deceptive,
confusingly similar to a registered name or contrary topublic morals, good customs or public
policy.
IN WITNESS WHEREOF, we have hereunto set our hands this 15th day of March 2018
at Kabacan, North Cotabato, Philippines.

______________________ _______________________

(name of partner) (name of partner)

______________________ _______________________

(name of partner) (name of partner)

______________________

(name of partner)

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