ARTICLES OF PARTNERSHIP

OF

_________________________________________________________
(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.

That the name of this partnership shall be “” and shall transact business under the said
company name.

ARTICLE II.

That the purpose for which this partnership is formed as follows:

To engage in the business of owning and operating furniture shop that provide a quality
furniture products that matches the customer needs and in any other activities as may be
necessary, related or incidental to carry on the business of the Partnership as provided therein.

ARTICLE III.

That the principal place of business of this partnership shall be located at :

ARTICLE IV.

That this partnership shall have a term of (10) ten years from and after the original recording of
its Articles of Partnership by the Securities and Exchange Commission.

ARTICLE V.

That the names, nationalities and complete residence addresses of the partners are as follows:

Name Nationality Complete Residence Address

Kathleen Anne A. Cabrera Filipino
Marc Gio Franz F. Gicale Filipino
Kate D. Lopez Filipino
Anuar I. Lobo Filipino
Carla I. Padilla Filipino
Dave L. Tiglao Filipino

ARTICLE VI.

That the capital of this Partnership shall be the amount of ____________ (P_________),
Philippine Currency, contributed in cash by the partners, as follows:

Name Amount Contributed

Kathleen Anne A. Cabrera
Marc Gio Franz F. Gicale
Kate D. Lopez
Anuar I. Lobo
Carla I. Padilla
Dave L. Tiglao

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

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 VIII

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 (P500,000.00),Philippine Currency, without the prior written consent of each partner

ARTICLE IX

In the event a partner withdraws or retires from the partnership for any reason, including death
and insolvency the remaining partners may continue to operate the partnership using the same
name. A withdrawing partner shall be obligated to give seven (7) days' prior written notice of
(his/her) intention to withdraw or retire and shall be obligated to sell (his/her) interest in the
partnership
ARTICLE X

No partner shall transfer interest in the partnership to any other party without the written
consent of the remaining partner(s). The remaining partner(s) 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, and (c) his proportionate share of accrued net profits remaining undistributed in his capital
account. No value for good will shall be included in determining the value of the partner's

interest

ARTICLE XI

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 Five(5) years within the Province of Pampang where
the partnership is currently doing or planning to do business.

ARTICLE XII

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.

IN WITNESS WHEREOF, we have hereunto affixed our signatures this ____ day of
______, 20___, at ________.

Kathleen Anne A. Cabrera Marc Gio Franz F. Gicale

(name of partner) (name of partner)

Kate D. Lopez Anuar I. Lobo

(name of partner) (name of partner)

Carla I. Padilla Dave L. Tiglao

(name of partner) (name of partner)