Of
ZY CREATIVE IDEAS, LTD.
That we, the undersigned, all of legal age and residents of the Republic of the Philippines have
agreed to amend
the provisions a limited
of existing partnership
laws
the under
of Republic the
of the terms and conditions herein set forth and subject to
Philippines.
ARTICLE I.
That the name of the partnership shall be: ZY Creative Ideas, Ltd.
ARTICLE II.
ARTICLE III.
ARTICLE IV.
That the term for which said partnership is to exist is 30 years from the srcinal recording of said
partnership by the Securities and Exchange Commission.
ARTICLE V.
That the purpose for which said partnership is formed are as follows:
ARTICLE VI.
Name AmountContributed
Abdulharis P. Paporo P 225, 000.00
NorhannaP. Paporo P 225,000.00
Adapodin P. Paporo P 75, 000.00
StrawberryA. Luciniada P 75, 000.00
ARTICLE VII.
ARTICLE VIII.
That should there be any additional contribution made by a limitedpartner, such must be agreed upon
by all the partners in writing and duly recorded atleast two (2) days after signing of same agreement.
Such contribution shall amendArticle VI of the Articles of Partnership and in no case shall such
amendment be doneless than one (1) year after the srcinal recording of said partnership by the
Securitiesand Exchange Commission.
ARTICLE IX.
That the contribution of each limited partner may be returned to him/ her three (3) years after the
srcinal recording of said partnership
thebySecurities and Exchange Commission.
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 therefore, five (5) days
before effectivity of said substitution. Provided further that such limited partner has already settled his
obligations to the partnership prior
thetonotification 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 affectivity of admission and duly concurred by all the partners in
writing.
ARTICLE XII.
That the remaining general partner or partners shall have the right to continue the business in cases of
death, retirement, civil interdiction, insanity
insolvency
or of a general partner.
ARTICLE XIII.
That
such the
shefirm shall
shall beinunder
be theofmanagement
charge of Norhanna
the management P.Paporo,
of the affairs of the as General Manager and as
partnership.
ARTICLE XIV.
That the partners willingly undertake to change the name of the partnership immediately upon receipt
of notice/ directive from the Securities and Exchange Commission that another partnership,
corporation, or person has been declared misleading, deceptive, confusingly similar to a registered
name or contrary to public morals, good customs or public policy.
ACKNOWLEDGEMENT
Republic of the Philippines }
City of Cagayan de Oro } S. S.
th
BEFORE ME,a Notary Public, for and in Cagayan de Oro City, Philippines,
daythis
of 8
September, 2011, personally came and personally appeared
ollowing
the f ersons with Tax
Certificates as follows: