Articles of Partnership Of WOODerLand Furniture and Furnishings

KNOWN ALL MEN BY THESE PRESENTS: These Articles of Partnership made and executed by and among: Name Banot, Zion Rose Durias, Sheila Mae Rojo, Christian John Sayo, Mary Lou Vargas, Christine Rose Citizenship Filipino Filipino Filipino Filipino Filipino Residence

1.

Name and Business The parties hereby form a partnership under the name of WOODerLand Furniture and Furnishings to produce pre-designed as well as customized furnitures and fixtures. In addition, the partnership also offers interior designing services. The principal office of the business shall be located at__________.

2.

Term The partnership shall begin on_____and shall continue until terminated.

3.

Contribution Each partner shall contribute P200,000 on or before______________ to be used by the partnership to establish its capital contribution. Profit and Loss

4.

5.

Salaries and Withdrawals

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Interest No interest shall be paid on the initial contribution to the capital of the partnership or any subsequent contributions of capital. Management Duties and Restrictions The partners shall have equal rights in the management of the partnership business, and each partner shall devote their time to the conduct of business. Without the consent of the other partner neither partner shall on behalf of the partnership borrow or lend money, or make, deliver, or accept any commercial paper, or execute any mortgage, security agreement, bond, or lease, or purchase or contract to purchase, or sell or

7.

contract to sell any property for or of the partnership other than the type of property bought and sold in the regular course of its business.