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PARTNERSHIP AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

That Michael Andrew V. Maceda of legal age with postal address of 143
Argonne Street, Barangay Addition Hills, San Juan, Metro Manila

AND

Kitz Patrick Lopez of legal age with postal address of Binmaley, Pangasinan

Agreed upon the following terms and conditions:

1. Michael Andrew V. Maceda will produce and formulate all necessary


products as agreed, provided all supports are met upon by both parties.
2. That Kitz Patrick Lopez will supply/provide all necessary materials,
equipment and manpower needed to produce such product that was
agreed upon.
3. That all productions related would be decided by Michael Andrew V.
Maceda with the concurrence or approval of Kitz Patrick Lopez.
4. That all marketing and sales would be handled by Kitz Patrick Lopez.
5. That the product produced including formulations and supplier information
is exclusive only to GW Manufacturing.
6. That all pertaining permits would be shoulder by Kitz Patrick Lopez.
7. That Michael Andrew V. Maceda license would be use for LTO, CPR, FDA
and other registrations that need a licensed chemist.
8. That while producing products and formulation Php 30,000.00 would be
given as salary allowance.
9. That all sales transactions would be transparent to both parties. Ex. sales
report, financial report
10. That all taxes, vat, etc would be shoulder by Kitz Patrick Lopez
11. That the company shall pay for SSS, Philhealth and Pagibig contributions.
12.Health Card (HMO) is provided for benefit of both parties.
After all the above has been approved by both parties, with agreement of the
profit sharing terms.

1. That after all expenses has been deducted and net income has been
computed, 20% of the net profit would be the share of Michael Andrew V.
Maceda that he will receive on a monthly basis.
2. That the expenses would be the following:
A. Production Expense
 Raw Materials
 Packaging
B. Facility Expense
 Electricity
 Water
 Rent
 Internet/Telephone

3. That the company shall pay Michael Andrew V. Maceda the applicable share
within thirty (30) days after 1st month of mass production and the company's
accounting firm concludes its audit of the financial statements.
ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES

_________________________ S.S.

BEFORE ME, a Notary Public, for and in


_____________________, this _______ day of __________________,
20___, personally appeared the following persons:

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

______________ ___________________ ________________


______________ ___________________ ________________
______________ ___________________ ________________
______________ ___________________ ________________

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


the forgoing articles of Partnership constituting of ________ 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.

Doc. No. ______.


Page No. ______.
Book No. ______.
Series of 20 ________.