De La Salle University - Manila

Ramon V. del Rosario College of Business

Law on Business Organizations

(COBLAW 2)
Term 2, A.Y. 2021-2022

Submitted to:
Charito Farinas-Rodriguez

Submitted by:
Madeleine Ang
Rhean Ching
Brittney Lim
Yrell Retotar
Caryll Tiu
Justine Uy
C31A

Articles of Partnership
General Partnership

ARTICLES OF PARTNERSHIP

OF

Ang Ching Lim Retotar Tiu and Uy Partnership

(Partnership Name)

KNOW ALL MEN BY THESE PRESENTS:

That we, the undersigned partners, all of legal age, residents and citizens of the
Philippines, have on this day voluntarily associated ourselves together for the purpose of
forming a general partnership under the following terms and conditions and subject to existing
and applicable laws of the Republic of the Philippines:

AND WE HEREBY CERTIFY:

ARTICLE I. Partnership Name: That the name of this partnership shall

be Ang Ching Lim Retotar Tiu and Uy Partnership and shall transact business under the said
company name.

Articles of Partnership
 ARTICLE II. Business Purpose: That the purpose/s for which this partnership is
formed is/are:
(1) To conduct business related to buying, selling, and leasing of real estate in Metro
Manila.
(2) To invest the partnership’s assets in real estate properties in order to gain financial
benefit and profit.
(3) To manage, lease, and sell the real estate properties acquired by the partnership through
the partnership capital.
(4) To help interested parties in finding their permanent or temporary residence in Metro
Manila.

ARTICLE III. Principal Place of Business: That the principal place of business of
this partnership shall be located at: 2401 Taft Ave, Malate, Manila, 1004 Metro Manila.

ARTICLE IV. Term of Existence: That this partnership shall have a term of 20 years
from and after the original recording of its Articles of Partnership by the Securities and
Exchange Commission.

Articles of Partnership
 ARTICLE V. Partners’ Circumstances: That the names, nationalities and complete
residence addresses of the partners are as follows:

Name Nationality Complete Residence Address

Madeleine Astrid S. Ang Filipino Steel Towers, Binondo, Manila City

Rhean Alexene G. Ching Filipino Phil-Asia, Sta. Ana, Manila City
Brittney Kailey Lim Filipino Apo, Quezon City
Yrell Retotar Filipino Sta. Cruz, Tayuman, Manila City
Caryll Justine T. Tiu Filipino Cordillera, Quezon City
Justine Gretel L. Uy Filipino Matienza, San Miguel, Manila City

ARTICLE VI. Capital Contributions: That the capital of this Partnership shall be the
amount of one million two hundred thousand (P 1,200,000), Philippine Currency, contributed
in cash by the partners, as follows:

Name Amount Contributed

Madeleine Astrid S. Ang P 200,000

Rhean Alexene G. Ching P 200,000
Brittney Kailey Lim P 200,000
Yrell Retotar P 200,000
Caryll Justine T. Tiu P 200,000
Justine Gretel L. Uy P 200,000

That no transfer of interest which will reduce the ownership of Filipino citizens to less
than the required percentage of capital as provided by existing laws shall be allowed or
permitted to be recorded in the proper books of the partnership.

Articles of Partnership
 ARTICLE VII. Sharing Ratios: That the profits and losses of this partnership shall be
divided and distributed proportionately on the ratio of the capital contribution of each partner.

ARTICLE IX. Management: This partnership shall be under Rhean Alexene G.

Ching, as General Manager, who shall be in charge of the management of the affairs of the
company. He shall have the power to use the partnership name and in otherwise performing
such acts as are necessary and expedient in the management of the firm and to carry out its
lawful purposes.

ARTICLE X. Undertaking to Change Name: That the partners undertake to change

the name of this partnership, as herein provided or as amended thereafter, immediately upon
receipt of notice or directive from the Securities and Exchange Commission that another
corporation, partnership or person has acquired a prior right to the use of that name or that the
name has been declared as misleading, deceptive, confusingly similar to a registered name, or
contrary to public morals, good customs or public policy.

Articles of Partnership
 IN WITNESS WHEREOF, we have hereunto affixed our signatures this 28th day of
April, 2022, at Taft Ave, Malate, Manila City, Metro Manila.

Madeleine Astrid S. Ang Rhean Alexene G. Ching

(name of partner) (name of partner)

TIN 000-000-000 TIN 000-000-000

Brittney Kailey Lim Yrell Retotar

(name of partner) (name of partner)

TIN 000-000-000 TIN 000-000-000

Caryll Justine T. Tiu Justine Gretel L. Uy

(name of partner) (name of partner)

TIN 000-000-000 TIN 000-000-000

(Names and Signatures of the partners and TIN)

Articles of Partnership
 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES

City of Manila.

BEFORE ME, a Notary Public, for and in Manila City, Philippines, this 28th day of
April, 2022, personally appeared the following persons:

Name TIN/ID/Passport No. Date & Place Issued

Madeleine Astrid S. Ang P00000001 17 January 2019, DFA Manila

Rhean Alexene G. Ching P00000002 25 April 2018, DFA Manila
Brittney Kailey Lim P00000003 22 May 2018, DFA Manila
Yrell Retotar P00000004 3 October 2020, DFA Manila
Caryll Justine T. Tiu P00000005 27 October 2017, DFA Manila
Justine Gretel L. Uy P00000006 19 August 2018, DFA Manila

known to me and to me known to be the same persons who executed the foregoing Articles of
Partnership constituting 7 pages, including this page where the acknowledgement is written,
and they acknowledged to me that the same is their free and voluntary act and deed.

Articles of Partnership
 WITNESS MY HAND AND SEAL on the date and place above written.

Atty. Juan Dela Cruz, CPA,MBA

NOTARY PUBLIC

Valid Until December 3, 2025

PIR. No. 01234567
IBP No. 012345678
Roll of Attorney No. 012345
TIN: 012345678
Manila City
NOTARY PUBLIC
Doc. No. 012345;
Page No. 10;
Book No. 10;
series of 2022.

Articles of Partnership