ARTICLES OF GENERAL PARTNERSHIP

of

PHILCONST. CONSTRUCTION

KNOW ALL MEN BY THESE PRESENTS:

That we, Albert V. Remollo, Jr., single and Margarita V.

Remollo, widow and Bryan L. Villafane, single, all Filipinos, of legal
ages, and residents of Davao City, Philippines, have on this day,
covenanted to establish a partnership, in accordance with the laws of the
Republic of the Philippines;

AND WE HEREBY CERTIFY:

1. That the names and addresses of the respective partners are as

follows:
Name Address
Albert V. Remollo, Jr. Carmelo Homes, Puan, Davao City
Margarita V. Remollo Carmelo Homes, Puan, Davao City
Bryan L. Villafane Samantha Homes, Matina Pangi, Davao City

2. That the name of this partnership shall be PHILCONST.

CONSTRUCTION and it shall exist for ten (10) years from the
execution of this instrument, unless the partners mutually agree in
writing to a shorter period. Should the partnership be terminated by
unanimous vote, the assets and cash of the partnership shall be used
to pay all creditors, with the remaining amounts to be distributed to
the partners according to their proportionate share.
 3. That the capital of this partnership shall be Six Hundred
Thousand Pesos (P 600,000.00), Philippine Currency, broken down, in
contributions, as follows:

Name of Partner Contribution

Albert V. Remollo, Jr. P 200,000.00
Margarita V. Remollo P 200,000.00
Bryan L. Villafane P 200,000.00

The partnership shall maintain a capital account record for each partner;
should any partner's capital account fall below the agreed to amount, then
that partner shall (1) have his share of partnership profits then due and
payable applied instead to his capital account; and (2) pay any deficiency
to the partnership if his share of partnership profits is not yet due and
payable or, if it is, his share is insufficient to cancel the deficiency.

4. That the purpose for which this partnership is established is for the
establishment of a construction firm, generally targeting government
projects.

5. The partners shall provide their full-time services and best efforts
on behalf of the partnership. No partner shall receive a salary for
services rendered to the partnership. Each partner shall have equal
rights to manage and control the partnership and its business. Should
there be differences between the partners concerning ordinary business
matters, a decision shall be made by unanimous vote. It is understood
that the partners may elect one of the partners to conduct the day-to-day
business of the partnership; however, no partner shall be able to bind
the partnership by act or contract to any liability exceeding Pesos: Five
Hundred Thousand Pesos (P 500,000.00), Philippine Currency,
without the prior written consent of each partner.

6. That the profits and losses shall be divided among the partners pro
rata, in proportion to their respective contributions.

7. In the event a partner withdraws or retires from the partnership for

any reason, including death, the remaining partners may continue to
operate the partnership using the same name. A withdrawing partner
shall be obligated to give thirty (30) days' prior written notice of his/
her intention to withdraw or retire and shall be obligated to sell
his/her interest in the partnership.

8. No partner shall transfer interest in the partnership to any other party

without the written consent of the remaining partners. The
remaining partners shall pay the withdrawing or retiring partner, or
to the legal representative of the deceased or disabled partner, the
value of his interest in the partnership, or (a) the sum of his capital
account, (b) any unpaid loans due him, (c) his proportionate share of
accrued net profits remaining undistributed in his capital account,
and (d) his interest in any prior agreed appreciation in the value of
the partnership property over its book value. No value for good will
shall be included in determining the value of the partner's interest.

9. A partner who retires or withdraws from the partnership shall not

directly or indirectly engage in a business which is or which would
be competitive with the existing or then anticipated business of the
partnership for a period of ten (10) years within the City of Davao
where the partnership is currently doing or planning to do business.
 IN WITNESS WHEREOF, we have hereunto set our hands this
_____________ at _____________, Philippines

Albert V. Remollo, Jr Margarita V. Remollo Bryan L. Villafane

SIGNED IN THE PRESENCE OF:

__________________ __________________

REPUBLIC OF THE PHILIPPINES)

CITY OF DAVAO…………………..) SS.

ACKNOWLEDGMENT

BEFORE ME, a Notary Public for and in the City of Davao, personally
appeared:
Name Identification Card Date and Place Issued
Albert V. Remollo, Jr. Driver’s License No. April 23, 2018, Davao
L02- 78956 City
Margarita V. Remollo Driver’s License No. March 20, 2018, Davao
L02-54638 City
Bryan L. Villafane Driver’s License No. May 5, 2019, Davao
L02- 65739 City
 Personally known to me and to me known to be the same persons who
executed the foregoing instrument which they acknowledged to me as their
free and voluntary act and deed.

This instrument, consisting of five (5) pages, including this page in which
this Acknowledgment is written, has been duty signed by them and their
instrumental witnesses on the left margin of each and every page, and
sealed with my notarial seal.

WITNESS MY HAND AND SEAL this _____________at

______________, Philippines.

ATTY. FAITH IMEE D. ROBLE

Notary Public for Davao City
Commission Serial No. 88888
Until Dec. 31, 2020
Attorney’s Roll No. 70888
PTR No. 12345– 02/18/19 – D.C.
IBP No. 54321– 02/18/19 – D.C.
Doc. No.____ Rm. 1E, Anda Corporate Center, Anda St.,
Page No.____ Davao City, 8000, Philippines
Book No.____ Contact No.: (+63)945-445-6912
Series of 2020. E-mail Address: faithimeeroble@gmail.com