JOINT VENTURE AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This is agreement made by and between,

FLORITA B. VILBAR, Filipino, of legal age, single, and a resident of C.V. Alcuino Street, Hilongos,
Leyte, hereinafter called the First Party; and
JULIETA Y. GUSTER, Filipino, of legal age, married, and a resident of Owak, Hilongos, Leyte,
hereinafter called the Second Party;
WITNESSETH:

That the parties have previously entered into a joint venture agreement to manufacture stick bread;
That, First Party is an owner of a bakery, and baking equipment capable of making stick bread;
That Second Party is willing to put up the monetary capital for the manufacture of stick bread, and the
selling of balloon;
WHEREFORE, the parties have mutually agreed to enter into a joint venture of manufacturing stick
bread subject to the following conditions:

1. That the Second Party shall provide an additional capital in the amount of TWENTY-FIVE
THOUSAND PESOS (P25,000.00) making the total capital of P45,000.00 for the said undertaking;

2. That the First Party shall provide the labor, and equipment for the manufacture of stick bread, and
the selling of balloons;

3. That the First Party shall be the one responsible for the marketing of their products;

4. That the Second Party may at any reasonable time may inspect the manufacture, and the books of
accounts of the venture;

5. That in dividing the profits of the said venture, the parties agree that all expenses for the
manufacture of stick bread and selling of balloons shall be deducted first, and any profit shall be divided
equally among them;

6. That the parties shall be dividing profits twice a month and shall do an accounting for said purpose
every 15th and 30th of each month, and no party shall refuse a request by the other party for said purpose on the
above schedules;

IN WITNESS WHEREOF, the parties have hereunto signed their names this ______day of February,
2013, at Hilongos, Leyte, Philippines.

FLORITA B. VILBAR JULIETA Y. GUSTER

First Party Second Party
Signed in the presence of:
__________________________ ___________________________
Witness Witness

REPUBLIC OF THE PHILIPPINES)

MUNICIPALITY OF HILONGOS ) SS
PROVINCE OF LEYTE )
Before me, this _______ day of February, 2013 at the Municipality of Hilongos, Leyte, Philippines,
personally appeared, Florita Vilbar, with Passport No. EB337494 issued on August 16, 2011, at Hilongos,
Leyte, and Julieta Guster, with Community Tax Certificate No. _________________issued on
_________________, 2013, at Hilongos, Leyte, known to me to be the same persons who executed the
foregoing instrument, acknowledging to me the same as their free and voluntary act.

EFREN B. MENDOZA
Doc. No. Notary Public
Page No. Until December 31, 2014
Book No. XXIII IBP No. 915453, Jan. 8, 2013, Tacloban City
Series of 2013 PTR No.PL6190807, Jan. 29, 2013, Hilongos, Leyte
Roll No. 50005
 TIN 906-925-044

JOINT VENTURE AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This is agreement made by and between,

FLORITA B. VILBAR, Filipino, of legal age, single, and a resident of C.V. Alcuino Street, Hilongos,
Leyte, hereinafter called the First Party; and
JULIETA Y. GUSTER, Filipino, of legal age, married, and a resident of Owak, Hilongos, Leyte,
hereinafter called the Second Party;

WITNESSETH:

That the parties are contemplating to manufacture stick bread;

That, First Party is an owner of a bakery, and baking equipment capable of making stick bread;
That Second Party is willing to put up the monetary capital for the manufacture of stick bread;
WHEREFORE, the parties have mutually agreed to enter into a joint venture of manufacturing stick
bread subject to the following conditions:

1. That the Second Party shall provide the amount of TWENTY THOUSAND PESOS (P20,000.00)
as capital for the said undertaking;

2. That the First Party shall provide the labor, and equipment for the manufacture of stick bread;

3. That the First Party shall be the one responsible for the marketing of their product;

4. That the Second Party may at any reasonable time may inspect the manufacture, and the books of
accounts of the venture;

5. That in dividing the profits of the said venture, the parties agree that all expenses for the
manufacture of stick bread shall be deducted first, and any profit shall be divided equally among them;

6. That the parties shall be dividing profits twice a month and shall do an accounting for said purpose
every 15 and 30th of each month, and no party shall refuse a request by the other party for said purpose on the
th

above schedules;

IN WITNESS WHEREOF, the parties have hereunto signed their names this _____th day of
September, 2012, at Hilongos, Leyte, Philippines.

FLORITA B. VILBAR JULIETA Y. GUSTER

First Party Second Party

Signed in the presence of:

__________________________ ___________________________
Witness Witness

REPUBLIC OF THE PHILIPPINES)

MUNICIPALITY OF HILONGOS ) SS
PROVINCE OF LEYTE )
Before me, this _____th day of September, 2012 at the Municipality of Hilongos, Leyte, Philippines,
personally appeared, Florita Vilbar, with Passport No. EB337494 issued on August 16, 2011, at Hilongos,
Leyte, and Julieta Guster, with Community Tax Certificate No. 31016322 issued on January 20, 2012, at
Hilongos, Leyte, known to me to be the same persons who executed the foregoing instrument, acknowledging
to me the same as their free and voluntary act.

EFREN B. MENDOZA
Doc. No. Notary Public
Page No. Until December 31, 2012
Book No. XXII Commission No. 80-2011-03
Series of 2012 IBP No. 876811, Jan. 9, 2012, Tacloban City
 PTR No. PL 5137208, Jan. 9, 2012, Hilongos, Leyte
Roll No. 50005
TIN 906-925-044