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ARTICLES OF PARTNERSHIP

OF
TSOOR REALTY COMPANY
(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:
TSOOR REALTY COMPANY
and shall transact business under the said company name.
ARTICLE II. Business Purpose:
formed is/are:

That the purpose/s for which this partnership is

To operate, engage, hold or manage, real estate business; to acquire by


purchase, lease or donation or otherwise, use, improve, develop, subdivide, sell,
mortgage, exchange, lease, develop and hold for investment or otherwise, real estate
of all kinds, whether improved, managed, or otherwise deal in or dispose of buildings,
houses, apartments, townhouses, condominiums, and other structure of whatever kind
together with the appurtenances or improvements found thereon.
ARTICLE III. Principal Place of Business: That the principal place of business of this
partnership shall be located at:
#1 Brgy. Sulvec, Narvacan, Ilocos Sur.
(complete address)
ARTICLE IV. Term of Existence: That this partnership shall have a term of ___30___
years from and after the original recording of its Articles of Partnership by the Securities and

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Exchange Commission.
ARTICLE V. Partners Circumstances: That the names, nationalities and complete
residence addresses of the partners are as follows:
Name

Nationality

Ruth C. Gayo

Filipino

Complete Residence Address


#1 Brgy. Sulvec, Narvacan, Ilocos Sur

Raymundo C. Gayo

Filipino

#1 Brgy, Sulvec, Narvacan, Ilocos Sur

Bob Julius C. Gayo

Filipino

#1 Brgy, Sulvec, Narvacan, Ilocos Sur

Raymond Ruther C. Gayo

Filipino

#1 Brgy. Sulvec, Narvacan, Ilocos Sur

ARTICLE VI. Capital Contributions: That the capital of this Partnership shall be the
amount of TWO MILLION SEVEN HUNDRED FIFTY THOUSAND PESOS (P2,750,000.00),
Philippine Currency, contributed in cash by the partners, as follows:
Name
Ruth C. Gayo

Amount Contributed
1,000,000.00

Raymundo C. Gayo

1,000,000.00

Bob Julius C. Gayo

500,000.00

Raymond Ruther C. Gayo

250,000.00

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.
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: That this partnership shall be under Ruth C. Gayo, 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

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name has been declared as misleading, deceptive, confusingly similar to a registered name, or
contrary to public morals, good customs or public policy.
IN WITNESS WHEREOF, we have hereunto affixed our signatures this 18th day of
February 2016, at Narvacan, Ilocos Sur.

Ruth C. Gayo

Raymundo C. Gayo

TIN

TIN

Bob Julius C. Gayo

Raymond Ruther C. Gayo

TIN

TIN
ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)


____________________________) S.S.
BEFORE ME, a Notary Public, for and in _________________, this 18th day of
February, 2016, personally appeared the following persons:
Name

TIN/ID/Passport No.

Date & Place Issued

Ruth C. Gayo
Raymundo C. Gayo
Bob Julius C. Gayo
Raymond Ruther C. Gayo
known to me and to me known to be the same persons who executed the foregoing
Articles of Partnership constituting of
4
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.

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

Doc No. ___;


Page No. __;
Book No. __;
Series of 2016.

MARIO ROMAN V. PANEM


Notary Public
Roll No. 27343
PTR No. 2301-914-1-5-15
IBP 0987-362-1-8-16
TIN 138-612-0118

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