ARTICLES OF PARTNERSHIP

of

BONFAYAH REIDERS, LTD.

KNOW ALL MEN BY THESE PRESENTS:

That we, the undersigned, all of legal age and residents of the Republic of the
Philippines have agreed to amend a limited partnership under the terms and conditions
herein set forth and subject to the provisions of existing laws of the Republic of the
Philippines.

AND WE HEREBY CERTIFY:

ARTICLE I. That the name of this partnership shall be

BONFAYAH REIDERS CONPANY and shall transact business under the said
company name.

ARTICLE II. That the principal office of the Partnership shall be located at #17-
JK Fabfour Street, Cogon Pardo, Cebu City, Philippines.

ARTICLE III. That the names, citizenship, residence and designation of the
partners of said partnership are as follows:

Name Nationality Residence Designation

Robert James Reid Filipino 49-CA Royal General Partner
Compound,
Cogon Pardo,
Cebu City
Nadine Alexis Filipino 03-A, Gabuya St., General Partner
Lustre Cogon Pardo,
Cebu City
Yasmin Isabel Filipino 13-D, Lourdes St., Limited Partner
Pressman Cogon Pardo,
 Cebu City
Andre Paras Filipino 128-I, Gabuya St., Limited Partner
Cogon Pardo,
Cebu City

ARTICLE IV. That the term for which said partnership is to exist is 11 years from
the original recording of said partnership by the Securities and Exchange Commission.

ARTICLE V. That the purpose for which said partnership is formed are as
follows:

1. To conduct photography and videography services for all occasions; and

2. To conduct business related to graphics design and lay outing including business
promotion and advertising.

ARTICLE VI. That the capital of the partnership shall be eight hundred thousand
pesos, Philippine Currency contributed in cash by the partners as follows:

Name Amount Contributed

Robert James Reid P 250, 000.00

Nadine Alexis Lustre P 250, 000.00
Yasmin Isabel Pressman P 150, 000.00
Andre Paras P 150, 000.00

That no transfer will reduce the ownership of Filipino citizens to

less than the required percentage of capital shall be recorded in the 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 two (2) 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/her place, provided that he/she 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/her
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 Nadine Alexis
Lustre, 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 affixed our signatures this 26 th
day of July 2016, at Cogon Pardo, Cebu City, Philippines.

ROBERT JAMES REID NADINE ALEXIS

LUSTRE

TIN: 190-490-143-000 TIN: 123-112-496-000

YASMIN ISABEL PRESSMAN ANDRE PARAS

TIN: 140-198-140-000 TIN: 235-585-534-000

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES )

COGON PARDO, CEBU CITY ) S.S.

BEFORE ME, a Notary Public, for and in Cogon Pardo, Cebu City, this
6th day of September 2016, personally came and personally appeared the
following persons with their Community Tax Certificates as follows:

Name TIN/ID/Passport No. Place

Issued
Robert James Reid 190-490-143-000 Cebu City

Nadine Alexis Lustre 123-112-496-000 Cebu City

Yasmin Isabel Pressman 140-198-140-000 Cebu City

Andre Paras 235-585-534-000 Cebu City

Known to me and to me known to be the same persons who executed

the foregoing Articles of Partnership constituting of five (5) 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.

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

ATTY. KELLY SHAYE C. BAYNO,

CPA

NOTARY PUBLIC

Valid Until December 31, 2016

PTR. No. 4163886

IBP No. 5139

Roll of Attorney No. 1396

TIN: 130-120-488-000

Cebu City