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JC CREATIVE IDEAS, LTD.
ARTICLE IV.That the term for which said partnership is to exist is 30 years from the
original recording of said partnership by the Securities and Exchange Commission.
ARTICLE V.That the purposes for which said partnership are formed is as follows:
1. To conduct business related to graphics design and layouting including business
promotion and advertising;
2. To conduct photography and videography services for all occasions; and
3. To engage in business related to computer buying and selling as well as computer repair
services.
ARTICLE VI.That the capital of the partnership shall be eighth hundred and thirty-five
thousand, Philippine Currency contributed in cash by the partners as follows:
Name Amount Contributed
Abdulharis P. Paporo P 325, 000.00
Norhanna P. Paporo P 265, 000.00
Adapodin P. Paporo P 196, 000.00
Strawberry A. Luciniada P 49, 000.00
That no transfer will reduce the ownership of Filipinos citizens to less than the required
percentage of capital shall be recorded in the paper books of the partnership.
ARTICLE VII.That the profits and losses shall be divided pro-rata among the partners.
ARTICLE VIII.That should there be any additional contribution made by a limited
partner, such must be agreed upon by all the partners in writing and duly recorded at least two (2)
days after signing of same agreement. Such contribution shall amend Article VI of the Articles of
Partnership and in no case shall such amendment be done less than one (1) year after the original
recording of said partnership by the Securities and Exchange Commission.
ARTICLE IX.That the contribution of each limited partner may be returned to him/ her
three (3) years after the original recording of said partnership by the Securities 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 therefor, five (5) days before effectivity of said substitution. Provided further that such
limited partner has already settled his obligations to the partnership prior to the notification 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 effectivity 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 or insolvency of a
general partner.
ARTICLE XIII.That the firm shall be under the management of Norhanna P.Paporo, as
General Manager and as such she shall be in charge of the management of the affairs of the
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 declare misleading,
deceptive, confusingly similar to a registered name or contrary to public morals, good customs or
public policy.
IN WITNESS WHEREOF, we have hereunto set our hands this 8thday of September
2018 at Cagayan de Oro City, Philippines.
ACKNOWLEDGEMENT
Republic of the Philippines }
City of Cagayan de Oro } S. S.
BEFORE ME, a Notary Public, for and in Cagayan de Oro City, Philippines, this 8th day
of September, 2018, personally came and personally appeared the following persons with their
Community Tax Certificates as follows:
Name CTC # Date / Place Issued
Abdulharis P. Paporo Cagayan de Oro City
Norhanna P. Paporo Cagayan de Oro City
Adapodin P. Paporo Cagayan de Oro City
Strawberry A. Luciniada Cagayan de Oro City
LAW 3
(PARTNERSHIP)