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ARTICLES OF PARTNERSHIP

KNOW ALL MEN BY THESE PRESENTS:

That we, the undersigned, of legal age and residents of the Republic of the Philippines
have this day voluntarily associated ourselves together for the purpose of forming a
partnership, effective this date, under the conditions and terms hereinafter set forth, and
subject to the provisions of existing laws;

AND WE HEREBY CERTIFY:

ARTICLE I.
That the names, citizenship and residence of the partners of the said partnership are as
follows:
NAME

CITIZENSHIP

RESIDENCE

ANGELO DY

FILIPINO

WASHINGTON DRIVE,
LEGAZPI CITY

BERNARD CO

FILIPINO

ILAWOD I, DARAGA,
ALBAY

FILIPINO

BONOT, LEGAZPI
CITY

ARTHUR BASANTA

ARTICLE II.
That the name of said partnership shall be ANG TIBAY CONSTRUCTION
COMPANY and shall operate and transact business under said firm name.

ARTICLE III.
That the principal office of the partnership shall be located at Tahao Road, Legazpi
City, which office may be changed if necessary.

ARTICLE IV.
That the term for which said partnership is to exist is ten (10) years from the original
recording of the said partnership by the Securities and Exchange Commission.

ARTICLE V.
That the purpose of which said partnership is formed is to hold, manage, and operate a
construction firm in Legazpi City that will undertake road construction and design, project
management, real estate management and development, management and operation of sports
and leisure facilities, and other construction related industries.

ARTICLE VI.
That the capital of this partnership shall be Two Million Pesos (2, 000,000),
Philippine Currency contributed in cash by the partners as follows:
NAME

AMOUNT CONTRIBUTED

ANGELO DY

1,000,000.00

BERNARD CO

1,000,000.00

TOTAL

2,000,000.00

That ARTHUR BASANTA, an industrial partner, shall contribute his industry or


personal service to the partnership.
ARTICLE VII.
That the profits of the partnership as the case may be shall be divided and distributed
as follows:
NAME

SHARE

ANGELO DY

40%

BERNARDO CO

40%

ARTHUR BASANTA

20%

TOTAL

100%

ARTICLE VIII.
That the losses of the partnership shall be divided pro rata among the partners
excluding the industrial partner without prejudice, however, to the rights of third persons.
ARTICLE IX.
That the firm shall be under the management of ANGELO DY and as such manager
he shall have charge of the management of the affairs of said partnership; and he shall have
the power to use the firm name and in otherwise performing such acts as are necessary in the
management of the firm.
ARTICLE X.
That said manager shall receive a monthly allowance of FIVE THOUSAND PESOS
(P 5,000.00).
IN WITNESS WHEREOF, we have hereunto set our hands this 1st day of May 2014
at Tahao Road, Legazpi City, Philippines.

TIN : 417-539-365
Angelo Dy

TIN: 518-714-835
Bernard Co

TIN: 418-562-634
Arthur Basanta

Signed in the presence of:


Adrianne De Villa

Monica Santiago

ACKNOWLEDGEMENT
Republic of the Philippines}
Province of Albay
} SS
City of Legazpi
}
BEFORE ME, this 15th day of May 2014 in the City of Legazpi, Province of
Albay, Philippines, personally came and appeared the following persons with their
Community Tax Certificates as follows:

NAME
ANGELO DY
BERNARD CO
ARTHUR BASANTA

CTC#

DATE/PLACE ISSUED

19742897
93789101
67264732

1/11/2014 / Legazpi City


1/6/2014 / Daraga, Albay
1/3/2014 / Legazpi City

Known to me to be the same person who executed the foregoing instrument, and he
acknowledged to me that the same is his free act and deed.
This instrument, consisting of four (4) pages, including the page on which this
acknowledgement is written, has been signed on the left margin of each and every page
thereof by Angelo Dy, Bernard Co, Arthur Basanta and witnesses, and sealed with my
notarial seal.
IN WITNESS WHEREOF, I have hereunto set my hand, the day, the year, and the
place above written.
NOTARY PUBLIC
My Commission expires Dec. 31, 2014
IBP No. 72753, 1/2/2014, Legazpi City
P.T.R. No. 7383, 2/2/2014, Legazpi City
Doc. No. 123;
Page No. 84;
Book No. 4;
Series of 2014

Submitted by:
KARLA MIR C. BALDEO
Law II-Evening

Submitted to:
ATTY. FIONA MAE CORRAL-BOBIS

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