BY-LAWS OF THE NIA-MARIIS COOPERATIVE KNOW ALL MEN BY THESE PRESENTS: We, the undersigned, citizens and residents

of the Philippines, representing a majority of the members of the (NIA-MA II! "ooperati#e$, Minante %, "auayan "ity, Isabela a primary, multi-purpose cooperative, hereinafter referred to as the "ooperati#e, do hereby adopt the follo&ing code of by- la&s' ARTICLE 1 OBJECTIVES and PURPOSES Sec !"n 1# O$%ec !&e' and P()*"'e' #(he objecti#es and purposes of this cooperati#e are) %' (o encourage thrift and granting of loans to members for education and pro#idential purposes' *' (o pro#ide the members &ith e+ual opportunities to ser#e and be ser#ed efficiently and effecti#ely, -' (o strengthen the spirit of cooperation and unity through acti#e participation, continuous patronage and assumption of responsibility by e#ery member in both business and non-business affairs of the cooperati#e, .' (o #alue e#ery indi#idual member as a significant part of the cooperati#e and ma/imize his0her capacity for the ad#ancement through self-help and mutual help, 1' (o pro#ide continuous education and training of members for deeper in#ol#ement and greater producti#ity, 2' (o distribute the benefits on the basis of contribution, participation, and patronage, 3' (o underta4e other acti#ities for the effecti#e and efficient implementation of the pro#isions of the "ooperati#e "ode' 3' (o underta4e canteen operations &ithin NIA-MA II!' ARTICLE + MEMBERSHIP Sec !"n 1# ,UALIFICATION FOR MEMBERSHIP' (he membership of this cooperati#e shall be open to all MA5A( I67 IN(75 A(78 I I5A(I9N !:!(7M (NIA-MA II!$ employees ' Sec !"n 2# TYPE OF MEMBERS' A' Re-(.a) Me/$e) - one &ho has met the re+uirements prescribed in Article *, section 3. ;e is entitled to one #ote and be elected to office subject to the provision of section 12 Article 3 of these By-Laws. Regular membership may also be grante to an Associate member who meets the minimum re!uirements of regular membership" continues to patroni#e the cooperative for two $2% consecutive years" an signifies his&her intention to remain a member shall be consi ere a regular member. Sec !"n 0# APPLICATION AND RE-APPLICATI N FOR MEMBERSHIP# (he <oard of 8irectors shall act upon application for membership after the follo&ing re+uisites are satisfied) A' (he applicant possesses the +ualifications for membership' <' ;e has satisfactorily completed the Pre-Membership 7ducation !eminar (PM7!$ conducted by the 7ducation "ommittee (78"9M$, e!cept "or one #$o re-applies "or less t$an one year "rom t$e %ate o" #it$%ra#al o" mem&ers$ip. "' ;e has paid the follo&ing fees) %' Membership fee=============Php '())).)) *' At least he has an initial share capital of Php %>>'>> (members are re+uired to deposit the full #alue of the minimum number of share capital subscribed (Php 1>>'>>$' ;e has submitted duly accomplished application forms, membership and subscription agreement,

and other documents such as I8 pictures, stoc4 certificate, authorization for salary deduction and other re+uirements$' -' (he amount to be charged for membership can be changed through a board resolution' !uch resolution must be appro#ed by the majority of the members of the <oard in one of their regular board meetings' Implementation of the ne& amount to be charged for membership fee shall ta4e effect one (%$ month after the resolution &as appro#ed' (he ne& amount shall remain in effect for one full year (starting from the date of its implementation$ and cannot be changed by another board resolution &ithin said period' (he ne& amount to be charged for membership fee must not be more than %>>? increase from the pre#ious amount being charged' (he ne& amount must not e/ceed the #alue of PhP %,>>>'>> (one thousand Philippine pesos$' ;o&e#er, no member shall o&n or hold more than ten per cent *')+, of share capital of the cooperati#e' Sec !"n -. 1( !e' "2 a Me/$e) %' *' -' .' 1' 2' Pay the installment on capital stoc4 subscription as it falls due and participate in the capital build-up of the cooperati#e, Patronize regularly its business, Participate in its parliamentary affairs, Attend the membership meetings, regular or special, 9bey the rules and regulations pro#ided by R.A. ./2), this by-la&s, the decisions of the general assembly and the board of directors, and policies and decisions that may be promulgated by the "ooperati#e 8e#elopment Authority, and Promote the aims and purposes of the cooperati#e, the success of its business, the &elfare of its members and the cooperati#e mo#ement as a &hole'

Sec !"n /# R!-3 ' "2 a Me/$e) 4 7#ery member &ho is entitled to #ote has the follo&ing rights, %' Participate in the deliberation during membership meetings, *' 6ote on all matters brought before such meetings, -' !ee4 any election, subject to the pro#isions of !ection %*, Article - of these <y-@a&s, .' A#ail himself of the ser#ices of the cooperati#e &ithout any discrimination &hatsoe#er upon compliance &ith the conditions and re+uirements thereof, and 1' Inspect and e/amine the boo4s of accounts, the minutesA boo4s, the share register, and other records of the cooperati#e during office hours and to e/ercise other rights and pri#ileges of membership' A member is entitled to #ote &hen he) a# Is a regular member , $# ;as paid the re+uired membership fee and must pay the re+uired full #alue of the minimum number of share capital subscribed, c# Is not delin+uent in the payment of his capital contribution and accounts, d# ;as not #iolated any pro#ision of these by-la&s, rules and regulations, circulars0memoranda and other issuances of the "8A, membership and subscription agreements and other instruments re+uired of him to e/ecute as pro#ided in these by-la&s or as prescribed by the <oard of 8irectors, e# ;as attended and completed the prescribed cooperati#e seminars, 2# Patronizes regularly the business of the cooperati#e and participates in its parliamentary affairs, and -# "omplies &ith all obligations, duties, and underta4ings of membership' Sec !"n 0# L!a$!.! 5 "2 Me/$e)' B (he liability of a member is limited' No member shall be liable for any indebtedness of the cooperati#e beyond his subscribed shares' Sec !"n 1# Te)/!na !"n "2 Me/$e)'3!* B Membership in the cooperati#e may be terminated either by &ithdra&al or e/pulsion, or no longer an employee of NIA-MA II!' Sec !"n 2# W! 3d)a6a. B Any member desiring to terminate his membership by &ithdra&al must gi#e si/ty (2>$ days &ritten notice to the <oard of 8irectors' ;o&e#er, no member shall be allo&ed to &ithdra& or terminate his membership during any period in &hich he has any pending obligation &ith the cooperati#e' Sec !"n .# E7*(.'!"n B A member may be terminated by a #ote of the majority of all the members of the board for any of the follo&ing causes)

%' When a member has not patronized the ser#ices of the cooperati#e for at least one year, *' When a member has continuously failed to comply &ith his obligations for at least one year , -' When a member has acted in #iolation of the by-la&s and the rules of the cooperati#e, and .' When a member has committed any act or omission injurious or prejudicial to the interest or the &elfare of the cooperati#e' (he decision of the <oard shall be in &riting and shall be communicated in person or by registered mail to the member' (he decision shall be appealable &ithin -> days from receipt thereof' Sec !"n ')# A**)a!'a. and Pa5/en "2 Me/$e)8' In e)e' U*"n Te)/!na !"n "2 Me/$e)'3!* Cpon the termination of the membership of a member, the <oard of 8irectors shall determine the boo4 #alue of the memberAs share capital, not to e/ceed the par #alue, as established at the year-end audited financial statement nearest to the date of termination and shall fi/ the amount thereof in money to be paid subject to the a#ailability of funds' Within one year after such termination, or at the option of an e/pelled or &ithdra&ing member or the heir or his legal representati#e, he may in lieu of cash, the re#ol#ing fund certificate or other e#idence of indebtedness, Pro#ided, ho&e#er, that payment of said e+uality in cash shall not be made if on account of such payment the #alue of the cooperati#eAs assets &ould be less than the aggregate amount of its debts and liabilities e/clusi#e of capital stoc4s subscribe, or &ill diminish the reser#es re+uired under e/isting la&s' ARTICLE 0 AD3INI4TRATI N Sec !"n 1# Me/$e)'3!* C"n )". 4 !ubject to the pro#isions of R#A. ./2), and regulations issued thereunder, final authority in the management and administration of the affairs of the cooperati#e is #ested in the general assembly' Sec !"n +# T3e 9ene)a. A''e/$.5 - (he general assembly of the cooperati#e shall be composed of members entitled to #ote duly assembled and constituting a +uorum, as stipulate% in 4ec . o" t$is Article. Sec !"n 0# P"6e)' and L!/! a !"n' "2 3e 9ene)a. A''e/$.5 - T$e 5eneral assem&ly s$all &e t$e $i5$est policy-ma6in5 &o%y o" t$e cooperative an% s$all e!ercise suc$ po#ers as are state% in RA ./2). (he general assembly s$all $ave t$e "ollo#in5 e!clusive po&ers #$ic$ cannot &e %ele5ate%7 %' (o elect and remo#e directors, officers and committee members for a cause, *' (o hear and pass upon the reports of the <oard of 8irectors, 9fficers and committees, -' (o ta4e final decisions regarding any drastic change in financial policies, subject to legal restrictions, .' (o ratify the amendment0s in the articles of cooperation and0or by- la&s, 1' (o e/ercise final authority on all matters #itally affecting the cooperati#e, 2' (o appro#e de#elopmental plans of the cooperati#e, and D' (o e/ercise all po&ers e/pressly pro#ided by la& and the by-la&s' Sec !"n :# Ann(a. 9ene)a. A''e/$.5 B (he annual general assembly shall be held e#ery *>th of March at the principal office of the cooperati#e or at any place &ithin its area of operation and at such time as the <oard of 8irectors may designate' Sec !"n ;# S*ec!a. 9ene)a. A''e/$.5 B A special general assembly may be called at any time by a majority #ote of the <oard of 8irectors to consider urgent matters re+uiring immediate membership decision' A special general assembly shall be called by the <oard of 8irectors &ithin thirty (->$ days from receipt of &ritten re+uest from) %' At least ten per centum (%>?$ of the total number of members entitled to #ote, *' (he Audit "ommittee, or

-' (he Eederation or Cnion of &hich the cooperati#e is a member' Sec !"n <# N" !ce "2 9ene)a. A''e/$.5 B Written notices of all meetings shall be ser#ed by the !ecretary, at least t&o (*$ &ee4s prior to the general assembly' (he notice for an annual general assembly shall be accompanied by the agenda, minutes of the meeting of last general assembly, consolidated report of the <oard of 8irectors and "ommittees complete &ith financial statement, proposed amendments to the Articles of "ooperation and <y-@a&s if any, and other papers needed by the members to arri#e at sound and intelligent decisions during the general assembly' Notice of any special general assembly shall state the purpose for &hich it is to be held and no business other than the stated purpose or those related thereto shall be considered in the meeting' Sec !"n =# F!'ca. Yea) B (he fiscal year of this cooperati#e shall commence on the ist day of Fanuary and end on the last day of 8ecember' Sec !"n ># A-enda 4 As deemed as practicable, the order of business at each annual meeting shall be) %' oll call, *' Proof of due notice, -' <usiness arising from the minutes of the last general meeting, .' Presentation of the consolidated report of officers, board of directors and committees including audited statements of financial condition and operation, 1' Cnfinished business, 2' 7lection of directors and committee members, D' Ne& business, and 3' Adjournment Sec !"n ?# ,(")(/ a 3e Me/$e)'3!* A''e/$.5 B At the annual or special general assembly, *1 ? of the total number of members entitled to #ote shall constitute a +uorum' Sec !"n 1@# Manne) "2 V" !n%' egular member is entitled to #ote' ;o&e#er, no member of the cooperati#e shall be entitled to more than one #ote' Also, no pro/y #oting shall be allo&ed' *' 7lection and remo#al of directors, officers and committee members should be by secret balloting' Action on all other matters shall be in any manner that &ill truly and correctly reflect the decision of the assembly' Sec !"n 11# B"a)d "2 1!)ec ")' and N(/$e) B (he business of the cooperati#e shall be administered by <oard of 8irectors of se#en (D$ members' Sec !"n 1+# ,(a.!2!ca !"n', and 1!'A(a.!2!ca !"n' "2 1!)ec ")' - All members entitled to #ote, and ha#e the time and &illingness to ser#e are +ualified to be #oted as directors, e/cept under any of the follo&ing dis+ualification circumstances) %' ;olding any electi#e position in the go#ernment, e/cept a party list representative &ein5 an o""icer o" a cooperative $e or s$e represents8 *' ;a#ing conflicting interest &ith the business of the cooperati#e, -' ;a#ing been absent for three (-$ consecuti#e board meetings &ithout justifiable cause, .' <eing full-time employees of the cooperati#e, 1' ;a#ing been con#icted of any crime in#ol#ing moral turpitude, gross misconduct in the performance of their duties or found culpable in any administrati#e case in#ol#ing such offenses' 2' Eacing, as respondents or defendants, an administrati#e proceeding or ci#il0criminal suits in#ol#ing financial and0or property accountability' D' ;a#ing been dis+ualified pursuant to dis+ualifications prescribed by la&' Sec !"n 10# E.ec !"n "2 1!)ec ")' and Te)/ "2 O22!ce

%' (he members of the <oard of 8irectors shall be elected by secret ballot by the members at the annual general assembly' *' (hey shall hold an office for a term of t&o (*$ years unless earlier remo#ed for cause, or ha#e resigned or become incapacitated due to illness or death, and until their successors ha#e been elected, +ualified and ha#e discharged the duties of office' -' No director shall ser#e for more than three (-$ consecuti#e terms' Sec !"n 1:# 1!)ec ")'8 Mee !n-, E.ec !"n "2 O22!ce)' and Te)/ "2 O22!ce %' A meeting of the <oard of 8irectors shall be held &ithin ten (%>$ days after each annual general assembly to elect by secret ballot among themsel#es a "hairman and a 6ice-"hairman duly super#ised by the "hairman of 7lection "ommittee' T$e sai% electe% o""icers s$all $ol% o""ice "or a term o" one *', year or until t$e election( 9uali"ication an% assumption into o""ice o" t$eir successors. *' (he (reasurer and !ecretary must not come from the <oard' (he <oard of 8irectors may fill either or both of said positions by appointment "or one *', year. -' No t&o (*$ or more persons &ith relationships up to the third ci#il degree of consanguinity or affinity shall ser#e as electi#e or appointi#e officers in the same <oard' .' (hereafter, the <oard of 8irectors shall meet at least once a mont$. 5. Directors cannot atten% or vote &y pro!y at &oar% meetin5s. 2' !pecial meetings of the <oard may be called by the "hairman or in his absence, by the 6ice-"hairman, or by a majority of the directors' (he call for a special meeting shall be addressed and deli#ered by the !ecretary stating the date, time and place of such meeting and the matters to be acted upon' Notice of the regular and special meetings of the <oard of 8irectors unless dispensed &ith shall be ser#ed by the !ecretary in &riting to each director at least fi#e (1$ days before such meeting' Sec !"n 1;# ,(")(/ "2 1!)ec ")'8 Mee !n(he <oard of 8irectorsA +uorum shall be at least four (.$ directors present in the meeting' A majority #ote of the +uorum duly assembled in a meeting shall be a #alid cooperati#e act' Sec !"n 1<# Vacanc!e' %' When a #acancy in the <oard occurs by reason of death, incapacity, or resignation, the remaining members of the <oard constituting the +uorum shall fill the #acancy by appointment gi#ing priority to the candidate during the last general assembly &ho garnered the highest number of #otes ne/t to the last elected director' *' If the remaining members of the <oard do not constitute a +uorum, the #acancy shall be filled by the general assembly in a regular or special meeting called for the purpose' (he successor named in either of the t&o instances, shall ser#e for the une/pired portion of the term' 6acancies in the electi#e committee shall be filled by the remaining members constituting a +uorum, or if no +uorum the <oard may cause an election to fill the #acancies or appoint persons to fill the same' Sec !"n 1=# Re/"&a. "2 1!)ec ")', O22!ce)' and C"//! ee Me/$e)' - Any elected director or committee member may be remo#ed from office by a #ote of t&o-thirds (*0-$ of the members entitled to #ote present and constituting a +uorum at the annual or general assembly called for the purpose after ha#ing been gi#en the opportunity to be heard at the said assembly' Any officer elected or appointed by the <oard of 8irectors or committee members may be remo#ed from office for cause by a majority #ote of the entire membership of the <oard or "ommittee as the case maybe' Sec !"n 1># P"6e)'B1( !e' "2 3e B"a)d 4 (he <oard of 8irectors, as a body, shall e/ercise general super#ision and control of the affairs of the cooperati#e' It shall prescribe policies consistent &ith la&, these by-la&s and the resolutions of the general assembly for the management of its business and the guidance of its members, officers and employees' T$e &oar% o" %irectors s$all &e responsi&le "or t$e strate5ic plannin5( %irection-settin5 an% policy-"ormulation activities o" t$e cooperative.

Sec !"n 1?# E.ec !"n C"//! ee B (he 7lection "ommittee shall be composed of three members elected during the annual general assembly' :$ere no mem&ers s$all $ave &een electe% an% 9uali"ie%( or in t$e event o" vacancy( t$e ;oar% o" Directors s$all appoint its mem&ers' Within ten (%>$ days after their election, they shall elect their "hairman, 6ice-"hairman and !ecretary' No member of the committee shall ser#e in the <oard or in any other electi#e committees' (he members of the committee shall hold office for one year or until their successors shall ha#e been elected and +ualified' (he committee shall promulgate rules and regulations in the conduct of election, pass upon the +ualification of candidates, super#ise the conduct of election, can#ass and certify in &riting the returns before the presiding officer proclaim the &inning candidates and shall decide on any election protest' 7lection protest filed against the members of the 7lection "ommittee shall be decided by the <oard of 8irectors' (he decision of the 7lection "ommittee or the <oard of 8irectors may be appealed to the Conciliation an% 3e%iation Committee. 4$oul% suc$ conciliation or me%iation procee%in5s "ail( t$e matter s$all &e settle% t$rou5$ voluntary ar&itration. Provi%e%( $o#ever( t$at &e"ore any party can vali%ly "ile a complaint #it$ t$e Aut$ority "or voluntary ar&itration. It must "irst secure a certi"ication "rom t$e conciliation an% me%iation committee an% "rom t$e cooperative union or "e%eration to #$ic$ it &elon5s t$at %espite all e""orts to settle t$e issues( t$e same $as "aile%. Sec !"n +@# A(d! C"//! ee - An Audit "ommittee composed of three members shall be elected during the annual general assembly' :$ere no mem&ers s$all $ave &een electe% an% 9uali"ie%( or in t$e event o" vacancy( t$e ;oar% o" Directors s$all appoint its mem&ers. Within ten (%>$ days after their election0appointment, the members of the committee shall elect from among themsel#es a "hairman, 6ice-"hairman and a !ecretary' In no case shall a member of the committee ser#e as a member of the <oard of 8irectors and #ice#ersa' (he members of the committee shall hold office for one year or until their successors shall ha#e been elected and +ualified' T$e au%it committee s$all &e %irectly accounta&le an% responsi&le to t$e 5eneral assem&ly. It s$all $ave t$e po#er an% %uty to continuously monitor t$e a%e9uacy an% e""ectiveness o" t$e cooperative<s mana5ement control system an% au%it t$e per"ormance o" t$e cooperative an% its various responsi&ility centers. Sec !"n# +1 C)ed! and C"..ec !"n C"//! ee - (he "redit an% Collection "ommittee shall be composed of three members appointe% &y t$e ;oar% o" Directors' Within ten (%>$ days after the appointment, the members of the committee shall elect from among themsel#es a "hairman, 6ice-"hairman and a !ecretary' In no case shall a member of the committee ser#e as a member of the <oard of 8irectors and #ice-#ersa' (he members of the committee shall hold office for one year or until their successors shall ha#e been appointe% and +ualified' (he committee shall be responsible for the credit management of the cooperati#e' In the performance of its functions, it shall process, e#aluate and act upon loan applications and &ithdra&al of deposits, e/cept &hen the applicant is a member of the committee, in &hich case, the application shall be acted upon by the <oard of 8irectors' Sec !"n 22# Ed(ca !"n and T)a!n!n- C"//! ee B (he 7ducation and (raining "ommittee shall be composed of members as may be determined by the <oard and appointed by the same for a term of one year, &ithout prejudice to their reappointment' (he 6ice-"hairman of the <oard shall ser#e as e/-officio chairman of the committee' (he committee shall be responsible in planning and implementing promotional and educational acti#ities of the cooperati#e' Sec !"n 23. Med!a !"n and C"nc!.!a !"n C"//! ee B Any dispute arising bet&een or among members of the <oard of 8irectors, "ommittee 9fficers, Management !taff and !taff and indi#idual members shall be referred to the Mediation and "onciliation "ommittee subject to the rules and procedures to be promulgated by the <98' (he "onciliation "ommittee shall ha#e the follo&ing po&ers and functions) a' (o formulate the conciliation-mediation program and ensure that it is properly implemented,

b' Monitor "onciliation-Mediation operations (7ntry of ne& cases , status of pending cases, performance of the "onciliatorsMediators$,

c' d' e' f'

!ubmit semi-annual reports to the "8A, &ithin %1 days after the end of e#ery semester' Accept and file e#aluation reports, !ubmit recommendations for impro#ements to the <98, and, ecommend to the <98 any member of the cooperati#e for conciliation-mediation trainings as cooperati#e conciliatormediator'

C"/*"'! !"n') (he committee shall be composed of three (-$ members appointed by the <oard of 8irectors' (he committee shall elect among themsel#es a "hairman, 6ice"hairman and !ecretary' ,(a.!2!ca !"n') Any member in good standing is +ualified to be become members of the committee, pro#ided, he0she is not an officer of the cooperati#e' Te)/ "2 Se)&!ce) Members of the committee may ser#e for a term of t&o (*$ years' In case of #acancy, the <oard may appoint a +ualified member to fill in the #acant position' (he <98 shall appoint from the management staff through the 5eneral Manager a "onciliator-Mediator "oordinator, &hose term and functions are prescribed in this rule' @i4e&ise, a pool of conciliator-mediator shall be established to aid the conciliationmediation proceedings and for such other functions pro#ided by la&' In case conciliation-mediation fails in the le#el of the cooperati#e the same may be brought to the Eederation or Cnion &herein the cooperati#e is affiliated or in the Municipal "ooperati#e 8e#elopment "ouncil &herein the cooperati#e operates' 4ection 2-# Et$ics Committee =T$e Et$ics Committee s$all &e compose% o" suc$ num&er as may &e %etermine% &y t$e ;oar% an% appointe% &y it "or a term o" t#o *2, years( #it$out pre>u%ice to t$eir reappointment. T$e Committee s$all &e responsi&le in ensurin5 t$at all o""icers( sta""( an% mem&ers o" t$e cooperative act #it$ utmost pro"essionalism( inte5rity( morality an% nationalism. O 3e) C"//! ee' B 9ther committees maybe formed and0or created and their po&ers0functions defined by the <oard as the business and operations of cooperati#e may re+uire' (he said committees shall assist the <oard of 8irectors in the implementation of the cooperati#e de#elopment program' ,(a.!2!ca !"n' and 1!'A(a.!2!ca !"n' 2") C"//! ee Me/$e)' B (he +ualifications and dis+ualifications pro#ided for the <oard of 8irectors shall also be applied to the members of the Audit "ommittee and the 7lection "ommittee' O22!ce)' and 3e!) 1( !e' ""icers o" t$e Cooperatives s$all inclu%e t$e mem&ers o" t$e &oar% o" %irectors( mem&ers o" t$e %i""erent committees create% &y t$e 5eneral assem&ly( 5eneral mana5er( secretary( treasurer an% accountant. CHAIRMAN - (he "hairman shall) %' Preside o#er all meetings of the cooperati#e and of the <oard of 8irectors, *' Perform any and all acts and duties usually performed by a presiding officer, -' !ign all share certificates, re#ol#ing fund certificates, contracts and such other papers of the cooperati#e &hich the <oard may authorize or direct him to sign, and .' Perform such other duties as the <oard of 8irectors may prescribe' ;o&e#er, in case of death, resignation or remo#al of the "hairman, the <oard of 8irectors may decide to elect his successor' VICE CHAIRMAN B In the absence or disability of the "hairman, the 6ice-"hairman shall perform the duties of the "hairman or until such time a ne& chairman has been elected and +ualified' TREASURER 4 (he (reasurer shall ha#e the follo&ing duties) %' (a4e custody of all monies, securities and papers of the cooperati#e, *' Geep complete records of its cash transactions for the establishment of proof of his cash position at any gi#en time and date'

Sec !"n +;#

4ection 20#

4ection 21#

-' Pay upon the recommendation of the manager or as authorized by the <oard of 8irectors, all money transaction and certify to the correctness of the cash position of the "ooperati#e 8e#elopment Authority, .' (urn o#er all monies securities, papers, boo4s and other properties belonging to the cooperati#e that he may ha#e in his possessions upon election of his successor, 1' Post an ade+uate bond, to assure the faithful performances of his duties, and 2' Perform the duties of the !ecretary in the latterAs absence or inability to perform his duties' SECRETARY 4 (he !ecretary shall ha#e the follo&ing duties) %' Geep a complete list of all the members and maintain a correct record of all meetings of the <oard of 8irectors and general assembly, *' 5i#e notices of all meetings called, -' Geep and maintain the stoc4 and (ransfer <oo4 and ser#e as the custodian of the corporate seal of the cooperati#e, .' (urn o#er to his successor all boo4s and other properties in belonging to the cooperati#e that he may ha#e in his possession, and 1' Perform the duties of the (reasurer in the latterAs absence or inability to perform his duties' Sec !"n +># Mana-e/en S a22 4 (he <oard of 8irectors shall appoint the Management !taff, fi/ their compensation and tenure' members of the

9ENERAL MANA9ER B No person shall be appointed to the position of general manager unless he possesses the follo&ing +ualifications and none of the dis+ualifications herein belo& enumerated) %' ;e must be familiar &ith the business operation of the cooperati#e, *' ;e must be at least a college graduate, -' ;e must ha#e at least t&o years e/perience in cooperati#e or related business, .' ;e must be honest and must ha#e a deep sense of responsibility, 1' ;e must not be engaged directly or indirectly in any business similar to that handled by the cooperati#e, 2' ;e must not ha#e been con#icted of moral turpitude, gross negligence or gra#e misconduct in the performance of his duties, D' ;e must not be addicted to any form of gambling or immoral or #icious habits, and 3' ;e must be &illing to undergo pre-ser#ice and0or in-ser#ice-trainings' 1( !e' "2 3e 9ene)a. Mana-e)) %' (he 5eneral Manager shall, under policies set by the 5eneral Assembly and the <oard of 8irectors, ha#e general charge of all the phases of the business operations of the cooperati#e' Cpon the appointment of his successor, he shall turn o#er to him all monies and propertiesA belonging to the cooperati#e &hich he has in his possessions or o#er &hich he has control, *' ;e shall maintain his records and accounts in such manner that the true and correct condition of the business of the cooperati#e may be ascertained therefrom at any time' ;e shall render annual and periodic statements and reports in the form and manner prescribed by the <oard of 8irectors, and preser#e the boo4s, documents, correspondence and records of &hate#er 4ind pertaining to the business &hich may come into his possession, -' ;e may employ, super#ise and dismiss any agent and employee in the management force subject to the policies of the <oard of 8irectors, .' Post an ade+uate bond to assure the faithful performance of his duties' ACCOUNTANT - No person shall be appointed to the position of accountant unless he possesses the follo&ing +ualifications and none of the dis+ualifications herein belo& enumerated) %' Must be at least a "ommerce graduate, major in accounting,

*' Must ha#e at least t&o (*$ years e/perience in cooperati#e or related business, -' Must be honest and must ha#e a deep sense of responsibility, .' Must not engage directly or indirectly in any business similar to that handled by the cooperati#e, 1' Must not ha#e been con#icted of any administrati#e or criminal case in#ol#ing moral turpitude, gross negligence or gra#e misconduct in the performance of his duties, 2' Must not be addicted to any form of gambling or immoral or #icious habits, and D' Must be &illing to undergo pre-ser#ice and0or in-ser#ice training' 1( !e' "2 3e Acc"(n an : %' Install an ade+uate and effecti#e accounting system in the cooperati#e, *' ender monthly reports to the <oard of 8irectors on the financial conditions and operations of the cooperati#e and annual reports to the general assembly or as may be re+uired, -' "oordinate &ith the Manager and Audit "ommittee in assisting the <oard in the operation of the annual budget, and .' Assist the "hairman in the preser#ation of the boo4s of account, document, #ouchers, contracts and records or &hate#er 4ind pertaining to the business of the cooperati#e &hich may come to his possession' Sec !"n 2.# L!a$!.! !e' "2 1!)ec ")', O22!ce)' and C"//! ee Me/$e)' 4 8irectors, officers and committee members, &ho &illfully and 4no&ingly #ote for or assent to patently unla&ful acts or &ho are guilty of gross negligence or bad faith in directing the affairs of the cooperati#e or ac+uire any personal or pecuniary interest in conflict &ith their duties as such directors, officers or committee members shall be liable jointly and se#erally for all damages or profits resulting there from to the cooperati#e, members and other persons' When a director, officer or committee member attempt to ac+uire or ac+uire, in #iolation of their duty, any interest or e+uity ad#erse to the cooperati#e in respect to any matter &hich has been reposed in them in confidence, they shall, as a trustee for the cooperati#e, be liable for damages and for double profits &hich other&ise &ould ha#e accrued to the cooperati#e' Sec !"n 3)# C"/*en'a !"n - (he members of the <oard and "ommittees may, in addition to per diems for actual attendance in board and committee meetings, and reimbursement for actual and necessary e/penses &hile performing functions in behalf of the cooperati#es, be gi#en regular compensation by a majority #ote of the members at a regular or special general assembly called for the purpose'

ARTICLE : CAPITAL STRUCTURE Sec !"n 1# S"()ce "2 F(nd' 4 (he cooperati#e shall deri#e its funds from) %' !hare capital, *' 8eposits, -' e#ol#ing capital .' "apital reser#e, 1' @oan capital, 2' !ubsidies, grants and donations, and D' 9ther sources of funds authorized by la&'

Sec !"n +# C"n !n("(' Ca*! a. B(!.d-U* - 7#ery member shall in#est at least Php 1>'>> a month in the share capital of the cooperati#e' Sec !"n 0# 1e*"'! ' 4 (he cooperati#e shall recei#e t&o (*$ 4inds of deposits) %' !a#ing 8eposits B Any member, in addition to his share capital in#estment, may open a sa#ing deposit, the rate of interest of &hich shall be determined by the <oard at the beginning of each fiscal year' !a#ings deposits not falling belo& Php %,>>> during any calendar month shall be entitled to interest computed +uarterly based on the lo&est monthly balance' (he interest shall be credited to the depositorAs account, and shall earn interest from the date it is credited' (he <oard of 8irectors shall prescribe the rules and regulations go#erning &ithdra&als from the sa#ings deposits' Sec !"n :# Re&".&!n- Ca*! a. 4 (he cooperati#e may adopt a scheme for generating capital through deferment of the payment of interest on capital and patronage refund for fi/ed period not e/ceeding t&o years each time, and the rate of interest consistent &ith la&s and other regulations' Sec !"n ;# B"))"6!n- - (he cooperati#e, through the <oard of 8irectors &ith the appro#al of the general assembly, may borro& money from any other sources at the best terms and conditions a#ailable and in such amount that may be needed' Sec !"n 0. S3a)e Ca*! a. 4 (he cooperati#e shall issue one million &orth of capital share di#ided into %>,>>> number of shares at P %>>'>>0share' !erially numbered certificates of the cooperati#e shall be issued to each member upon full payment of the subscription, and for subse+uent shares as they are paid for' (he "ertificate shall contain the shareholderAs name, the number of shares o&ned, the par #alue and duly signed by the "hairman and the !ecretary, and bearing the official seal of the cooperati#e' All issues and transfers shall be registered in the stoc4 transfer boo4' (he shares may be purchased, o&ned and held only by persons &ho are eligible for membership' Interest may be paid only on the paid-up capital at the rate prescribed by the "8A and interest may be in cash, or credited to&ard payment of subscription or outstanding accounts, or additional shares or to the re#ol#ing fund of the cooperati#e' Sec !"n 1. T)an'2e) "2 S3a)e' %' (he cooperati#e shall ha#e the first option to any share offered for sale' (he amount to be paid for such shares shall be the par #alue or boo4 #alue &hich e#er is lo&er' *' If the cooperati#e is not in a position or other&ise refuses to purchase such shares, the member shall ha#e the right to sell them to any person eligible for membership in the cooperati#e' -' A member shall not transfer any share held by him or interest in the cooperati#e or any thereof, unless) a' ;e has held such shares or interest for at least one year, b' (he transfer is made to a member of the cooperati#e or to a person &ho falls &ithin the field of membership of the cooperati#e, pro#ided said person is acceptable to the cooperati#e, and c' (he <oard of 8irectors has appro#ed such transfer' .' (ransfer of shares shall not be binding to the cooperati#e until such transfer has been registered in its !toc4 and (ransfer <oo4' No transfer shall be completed until the old certificates shall ha#e been endorsed and surrendered and a ne& certificate issued in the name of the member' (he last transferee, if a ne& member, shall pay the re+uired membership fee' A transfer fee of Php %>>'>> shall be charged' 1' In the case of loss or destruction of a certificate of stoc4, another may be issued in its place to the o&ner thereof after e/ecuting an affida#it in triplicate setting forth the follo&ing) a' "ircumstances as to ho&, &hen and &here said certificate &as lost or destroyed, b' (he number of shares represented by the certificate, c' (he serial number of the certificate, and

d' (he lost or destroyed certificate has ne#er been transferred, sold or endorsed to any third party and that should the same be found, the o&ner shall surrender it to the cooperati#e' e' A replacement fee shall be charged to the member' Any false representation or statement made in the aforesaid affida#it shall be a ground for e/pulsion from the cooperati#e' ARTICLE ; OPERATION Sec !"n 1# (he cooperati#e is organized to pro#ide its members &ith +uality goods and ser#ices re+uirements and to operate an enterprise that &ill pro#ide needed goods and ser#ices to the members and0or community' In either case, the cooperati#e shall be operated primarily to ensure efficient and reliable ser#ices at competiti#e prices' Sec !"n +' Eor purposes of ensuring efficient and reliable ser#ice, the cooperati#e shall accept only +ualified persons presently engaged in the same or similar ser#ice or persons &ho can be trained for the technical competence re+uired by ser#ices, maintain standards of e+uality befitting the status of its clientele, e/ercise close super#ision o#er its members-&or4ers and conduct periodic and continuing to de#elop the s4ills and update the competence of its members-&or4ers' Sec !"n 0# @oans may be granted to members for pro#idential or producti#e purpose' Sec !"n :' (he cooperati#e &ill engage in canteen operations &ithin NIA-MA II!' Sec !"n ;' (he cooperati#e shall mobilize the resources of its members for capital formation to&ard financing other ser#ices needed by them and the community' Sec !"n <' !er#ices o#er and abo#e profit shall be the o#erriding consideration of the cooperati#e in the pursuit of its goals and in the operation of its business' ARTICLE < ALLOCATION AN1 1ISTRIBUTION OF NET SURPLUS Sec !"n 1#At the end of the fiscal year, the cooperati#e shall distribute its net surplus as follo&s) %' (en percent ( -> ?$ shall be set aside for the reser#e fund' a' (he reser#e fund shall be used for the stability of the cooperati#e and meet net loss in its operations' (he general assembly may decrease the amount allocated to the reser#e fund &hen the reser#e fund already e/ceeds the share capital' Any sum reco#ered on items pre#iously charged to the reser#e fund shall be credited to such fund' b' (he reser#e fund shall not be utilized for in#estment, other than those allo&ed in the "ooperati#e "ode' !uch sum of the reser#e fund in e/cess of the share capital may be used at anytime for any project that &ould e/pand the operations of the cooperati#e upon the resolution of the general assembly' c' Cpon the dissolution of the cooperati#e, the reser#e fund shall not be distributed among the members' (he general assembly may resol#e) %'$ (o establish usufructuary fund for the benefit of any federation or union to &hich cooperati#e is affiliated, and *'$ (o donate, contribute, or other&ise dispose of the amount for the benefit of the community &here the cooperati#e operates' If the member cannot decide upon the disposal of the reser#e fund, the same shall go to the federation or union to &hich the cooperati#e is affiliated'

*' (he remaining net surplus shall be made a#ailable to the members in the form of interest on share capital not e/ceeding the normal rate of return on in#estment prescribed by "8A and patronage refunds' (he sum allocated for patronage refunds shall be made a#ailable at the same rate to all patrons of the cooperati#e in proportion to their indi#idual patronage, pro#ided that) a' In the case of member patron &ith paid-up share capital contribution, his proportionate amount of patronage refund shall be paid to him unless he agrees to credit the amount to his account as additional share capital contribution, b' In the case of member patron &ith unpaid share capital contribution, his proportionate amount of patronage refund shall be credited to his account until his share capital contribution has been fully paid' c' In the case of non-member patron, his proportionate amount of patronage refund shall be set-aside in a general fund for such patrons and shall be allocated to indi#idual nonmember patrons only upon re+uest and representation of e#idence of the amount of his patronage' (he amount so allocated shall be credited to such patron to&ards payment of the minimum capital contribution for membership' When a sum e+ual to his amount has accumulated at any time &ithin a period of t&o years such patron shall be deemed a member of the cooperati#e if he so agrees or re+uest and complies &ith the pro#isions of these by-la&s for admission to membership' d' If &ithin the period of time specified in these la&s, any subscribers &ho has not fully paid his subscribers share capital or any non-member patron &ho has accumulated the sum necessary for membership but &ho does not re+uest nor agree to become a member or fails to comply &ith these pro#isions of the by-la&s for admission to membership, the amount so accumulated or credited to their account together &ith any part of the general fund for non-member patrons shall be credited to the ser#e fund or to the education and training fund of the cooperati#e, at the option of the general assembly' ARTICLE = MISCELLANEOUS Sec !"n 1# In&e' /en "2 Ca*! a. B A cooperati#e may in#est its capital in any of the follo&ing) %' In any reputable ban4 in the locality, or any cooperati#e, *' In securities issued or guaranteed by 5o#ernment, -' In real state primarily for the use of the cooperati#e or its members, or .' In any other manner appro#ed by the general assembly' Sec !"n +# B""C' "2 Acc"(n ' B (he cooperati#e shall 4eep and maintain ade+uate boo4s of account in accordance &ith generally accepted accounting principle and practices applied consistently from year to year subject ho&e#er, to the pro#isions of R.A. ./2) Sec !"n 0' A(d! - At least once a year, the <oard of 8irectors shall in consultation &ith the Audit "ommittee cause the audit of the boo4s of account of the cooperati#e' Sec !"n :# Ann(a. Re*") - (he cooperati#e shall ma4e an annual report of its financial affairs to its members at the general assembly together &ith the audited financial statement' (he report and statements shall be certified by the "hairman, (reasurer, Manager and other responsible officers of the cooperati#e as true and correct in all aspects to the best of their 4no&ledge' "opy of the annual report together &ith the audited financial statement shall be submitted to the "8A &ithin 2> days from the end of the fiscal year'

Sec !"n ;' Acc"(n !n- S5' e/' - Cnless other&ise prescribed by the "8A, the cooperati#e shall adapt the generally accepted accounting procedures and practices, ta4ing into consideration the cooperati#e principle and practices' ARTICLE > SETTLEMENT OF 1ISPUTES Sec !"n 1' 3e%iation an% C"nc!.!a !"n P)"ced()e'# As deemed practicable, all intra-cooperati#e disputes shall be settled &ithin the "ooperati#e' If amicable settlement is not feasible, unless modified or amended by the general assembly, the follo&ing rules and procedures shall go#ern all conciliation processes &ithin the cooperati#e) %' Pa) !e' " a c"/*.a!n # (he party &ho files a complaint shall be called the Complainant and the party being charged shall be called the Respondent' *' W3" /a5 2!.e a c"/*.a!n ' Any member &ho has a cause of action against any member, officer or member of any committee, or of the <oard of 8irectors shall file a &ritten complaint, and in such numbers as there are respondents, to the !ecretary of the "onciliation "ommittee, stating the follo&ing) a' Name, address, position in the cooperati#e and status of membership of the complainant and the respondent0s, if 4no&n, b' <rief statement of facts and circumstances &hich caused the commission or omission of the act complained of, c' ights #iolated and e#idence or testimony of &itnesses, and d' Prayer &hich shall state the relief sought and such other relief as may be deemed just and e+uitable'

-' Ba'e.e'' c"/*.a!n '' Within se#en (D$ days from receipt of the complaint, the "onciliation "ommittee shall determine the merit of the complaint' If upon its sound discretion, the complaint is found to be baseless or &ithout merit, it may out rightly dismiss the same and inform the complainants in &riting, e/pressly stating the legal and factual basis of its decision' .' Va.!d ca('e "2 ac !"n' If the complainant states a #alid cause of action, the "ommittee shall forth&ith inform in &riting the respondent0s, pro#iding him a copy of the complaint, and directing him to submit his ans&er &ithin ten &or4ing (%>$ days from receipt thereof' (he "ommittee "hairman may upon &ritten re+uest, e/tend the period &ithin &hich to file his ans&er pro#ided that it shall not e/ceed ten &or4ing (%>$ days' 1' W! 3d)a6a. "2 c"/*.a!n ' At any time before judgment, the "omplainant may, in &riting, &ithdra& his complaint or enter into a compromise agreement and the case shall be considered dismissed or settled, as the case may be' 2' An'6e)' In his ans&er, the respondent shall specifically admit or deny, or deny only a part of any a#erment in the complaint' ;e shall set forth the substance of the matters upon &hich he relies to support his denial' If he denies only a part of the a#erment, he shall specify so much of it as it is true and deny the remainder' ;e may also state that he had no sufficient 4no&ledge as to the truth of a certain matter alleged in the complaint and this shall ha#e the effect of denial' Any a#erment in the complaint not specifically denied shall be deemed admitted' D' P)e.!/!na)5 c"n2e)ence' Within se#en (D$ &or4ing days upon receipt of the ans&er, the "ommittee shall set a preliminary conference &hereby only the parties are in#ited for possible amicable settlement' If no settlement is made, the "hairman of the committee may, at his discretion or upon the re+uest of either party, set another conference &hich shall not be later than ten (%>$ &or4ing days' Any party may &ai#e his right to a preliminary conference and instead mo#e in &riting for a formal hearing' In &hich case, the "hairman of the committee shall set a date, time and place of hearing and the !ecretary

shall notify in &riting the parties at least three (-$ &or4ing days before the date fi/ed' 3' Manne) "2 3ea)!n-# (he "ommittee may adopt any manner of hearing that best ser#es the purpose of resol#ing the dispute objecti#ely, fairly and amicably' (he "ommittee shall al&ays e/ert all possible efforts to settle the disputes or encourage the parties to enter into a compromise agreement' (he "ommittee may schedule a series of hearings until the parties shall ha#e completed the presentation of their respecti#e e#idence' After &hich, it shall decide the case &ithin fifteen (%1$ &or4ing days from the date of the last hearing, categorically stating the legal and factual basis of its decision' H' A**ea. " 3e B"a)d "2 1!)ec ")'# Any party to a contro#ersy may appeal to the <oard of 8irectors &ithin fifteen (%1$ &or4ing days from receipt of a copy of the decision' After the e/piration of the period to appeal, the decision of the committee shall become final and e/ecutory and can no longer be reopened, e/cept &hen the appealing party can sho& proof that the decision is patently erroneous or obtained through fraud, accident, mistake and gross negligence, or the "ommittee has committed gra#e abuse of discretion' %>' 1ec!'!"n "2 3e B"a)d# Within thirty (->$ &or4ing days from receipt of the records of the case, the <oard of 8irectors, constituting a +uorum, shall re#ie& and decide the case, specifically stating the reasons and basis of its decision' (he parties may be summoned to appear before the <oard of 8irectors to clarify certain matters, or to submit additional e#idence' %%' A**ea. " 3e 9ene)a. A''e/$.5# (he decision of the <oard of 8irectors may be appealed to the general assembly &hose decision shall be final, sa#e those reser#ed to the adjudicatory po&ers of the "ooperati#e 8e#elopment Authority as pro#ided under the "ooperati#e "ode of the Philippines and other e/isting rules and la&s' Sec !"n +# 1!'*( e' In&".&!n- Me/$e)' "2 3e C"nc!.!a !"n C"//! ee and B"a)d "2 1!)ec ")'# If one of the parties to a contro#ersy is a member of the "onciliation "ommittee, the chairman shall endorse the case to the <oard of 8irectors &ho shall resol#e the case follo&ing the procedures prescribed in the preceding section' If one or both parties are members of the <oard of 8irectors and the "onciliation "ommittee, the "hairman of the committee shall communicate in &riting such fact to the "hairman of the <oard of 8irectors &ho shall forth&ith call a special board meeting to form a fi#e-man !pecial "onciliation "ommittee, consisting of the heads of Audit and 7lection "ommittees, the !ecretary and one representati#e of each party' (he special committee shall con#ene immediately and after electing from among themsel#es the "hairman, 6ice-"hairman and the !ecretary, proceed to resol#e the case in accordance &ith the procedures prescribed in the preceding section' (he committee shall automatically cease to e/ist upon the final resolution of the contro#ersy' ARTICLE ? AMEN1MENTS Sec !"n 1# A/end/en ' 4 Amendment to the Article of "ooperation and these by-la&s may be adopted by t&o third (*0-$ #ote of the members in 5oo% stan%in5 present at any annual or special 5eneral assembly called for the purpose' (he amendments shall ta4e effect upon receipt by the cooperati#e of the corresponding "ertificate of egistration issued by the "8A' 6oted and adopted during the special general assembly on IIIIIIIIIIIIIIIIIII at IIIIIIIIIIIII,"auayan "ity, Isabela' We, the undersigned, constituting a majority of the <oard of 8irectors of the NIA-MA II! "99P7 A(I67 do hereby certify the foregoing instrument is the code of by-la&s of the "ooperati#e'

W!.2)ed" M")a.e' "hairman

9)ace Laca'and!.e 6ice-"hairman

P!.a) 9#Ca$a(a an Member N"e/! Ve)-a)a Member

W!.2)ed" B(/a-a Member

ARTICLES OF COOPERATION OF NIA-MARIIS COOPERATIVE KNOW ALL MEN BY THESE PRESENTS: We, the undersigned, Eilipino citizens and residents of the Philippines, ha#e on this day #oluntarily associated oursel#es, for the purpose of forming a primary multi-purpose cooperative under the la&s of the Philippines, more particularly RA. ./2)' AN1 WE HEREBY CERTIFY) ARTICLE 1 NAME OF THE COOPERATIVE (hat the name of the cooperati#e shall be NIA-MARIIS COOPERATIVE ARTICLE + OBJECTIVES AN1 PURPOSES (hat the objecti#es and purposes for &hich this cooperati#e is formed are) %' (o pro#ide members e+ual opportunities to ser#e and be ser#ed efficiently and effecti#ely, *' (o encourage thrift and granting of loans to members for educational and pro#idential purposes' -' (o strengthen the spirit of cooperation and unity through acti#e participation, continuous patronage and assumption of responsibility by e#ery member in both business and non-business affairs of the cooperati#e, .' (o #alue e#ery indi#idual member as a significant part of the cooperati#e and ma/imize his0her capacity for the ad#ancement through self-help and mutual help, 1' (o pro#ide continuous education and training of members for deeper in#ol#ement and greater producti#ity, 2' (o distribute the benefits on the basis of contribution, participation, and patronage, and D' (o underta4e other acti#ities for the effecti#e and efficient implementation of the pro#isions of the "ooperati#e code' 3' (o underta4e canteen operations &ith in NIA-MA II!' In the furtherance of and not in limitation of the general po&ers conferred by the la&s of the Philippines and the objecti#es and purposes set forth, his cooperati#e shall ha#e the follo&ing po&ers) %' (o dra&, ma4e, accept, endorse, guarantee, e/ecute and issue promissory notes, mortgage, bills of e/change, drafts, &arrants, certificates and all 4inds of obligations and instruments in connection &ith and furtherance of its business operations, *' (o issue bonds, debentures and other obligations of the cooperati#e, to contract indebtedness and to secure the same &ith herein mortgage or deed of trust, or pledge or lien on any or all of the real and personal properties of the cooperati#e' -' (o ac+uire facilities, either by or through, construction, purchase, lease, be+uest or donation' Eor the purpose of attaining or furthering any or all of the objecti#es and purposes herein stated, to do any other act and to e/ercise any other po&er &hich a natural person could do and e/ercise and &hich no& or hereafter may be authorized by la&' ARTICLE 0 AREA OF OPERATION

(hat the area of operation of this cooperati#e shall be &ithin the pro#ince of Isabela and its principal office shall be located or established at the NIA-MA II! ;ead 9ffice, Minante %, "auayan "ity, Isabela' ARTICLE : TERM OF EDISTENCE (hat the term of e/istence for &hich this cooperati#e shall e/ist is 1> years from and after the date of its incorporation' ARTICLE ; NAMES, CITIEENSHIP AN1 A11RESSES OF COOPERATORS (hat the names, citizens and addresses of the cooperators are as follo&s) NAME CITIEENSHIP Eilipino Eilipino Eilipino Eilipino Eilipino Eilipino Eilipino Eilipino Eilipino Eilipino Eilipino Eilipino Eilipino Eilipino POSTAL A11RESS Minante%,"auayan"ity,Isa' 8aang Maharli4a,!antiago "ity !an Eermin, "auayan "ity, Isabela Minante %,"auayan "ty,Isa' Puro4 -,!illa&it,"auayan "ity,Isabela Munsayac !ubd',Antonio,Alicia, Isabela Pissay,Angadanan,Isabela !inippil, eina Mercedes,Isab' Minante %,"auayan "ity,Isab' <ana&e !t'8ist'%,"auayan "ity,Isabela 8agupan,!an Mateo,Isabela "anciller,"auyan "ity,Isabela Ambatali, amon, Isabela 8aramuangan,!an Mateo,Isa'

ARTICLE < COMMON BON1 OF MEMBERSHIP (hat the common bond of membership of this cooperati#e is institutional and the field of membership shall be open to all NIA-MA II! employees pro#ided that the prospecti#e members shall) %' Pledge to fulfill the responsibilities of members, *' "omplete the prescribed pre-membership education seminar, and -' Cse or anticipate to use the ser#ices of the cooperati#e'

ARTICLE = BOAR1 OF 1IRECTORS

(hat the number of directors of this cooperati#e shall be Ei#e (1$ and the names, citizenships, residences of these directors &ho are to ser#e until their successors are elected and +ualified as pro#ided in the by-la&s are) NAME 7ngr' Wilfredo Morales 7ngr' 5race @acasandile Pilar 5' "abauatan 7ngr' Wilfredo <umagat Noemi 6ergara "hairman 6ice-"hairman Member Member Member ARTICLE > CAPITALIEATION (hat the authorized share capital of the cooperati#e is T6" M!..!"n F"() H(nd)ed PE4 4 *P$p 2(-))())).)), and said capital is di#ided into %*,>>> common shares and par #alue of 9ne ;undred Pesos (Php %>>'>>$ BE IT KNOWN THAT: EN9R# 9RETHEN 9ALIEA has been appointed as (reasurer of the cooperati#e and is e/pected to act as such until her successor is duly appointed and +ualified in accordance &ith the by-la&s and that as the (reasurer, she is authorized to recei#e for the cooperati#e and to issue receipts in the name of the "ooperati#e for all subscriptions0shares paid in by the subscriber-members' IN WITNESS WHEREOF, &e ha#e hereunto set our hands this III st day of IIIIIII, *>%. at "auayan "ity, Isabela RESI1ENCE Minante %,"auayan "ity, Isabela 8aang Maharli4a,!antiago "ity,Isabela 8acany !t',!an Eermin, "auayan city, Isabela Minante %,"auayan "ity,Isabela !illa&it,"auayan "ity,Isabela

7PC<@I" 9E (;7 P;I@IPP%N7! 87PA (M7N( 9E A5 I"C@(C 7

NATIONAL IRRI9ATION A1MINISTRATION MA9AT RIVER INTE9RATE1 IRRI9ATION SYSTEM "ACA:AN, %!A<7@A J%P "987 -->1 NAMES AN1 CTC F OF COOPERATORS

NAME

CTC F

1a e BP.ace I''(ed
%-H-*>%. 0Minante %, "auayan "ity %-*-*%.0 !antiago "ity

Fenny Pattaui 5lenda 5apay Imelda 6iernes

%-2-*>%.0"auayan "ity %-*>-*>%.0Minante %, "auayan %-D-*>%.0"auayan "ity %-%>-*>%.0Alicia,Isabela

Fenny Pattaui 5lenda 5apay Imelda 6iernes

%-3-*>%.0"auayan "ity %-2-*>%.0"auayan "ity %-%.-*>%.0"auayan "ity *-.-*>%.08ist'%,"auayan

Fenny Pattaui 5lenda 5apay Imelda 6iernes

%-*>-*>%.0!an Mateo,Isabela %-%3-*>%.0"auayan "ity %-H-*>%.0"auayan "ity %-2-*>%.0!an Mateo,Isabela

Fenny Pattaui 5lenda 5apay Imelda 6iernes

%-2-*>%.0"auayan "ity

TREASURER8S AFFI1AVIT epublic of the Philippines) "auayan "ity,Isabela $s's' I, 9)e 3en 9a.!Ga, after being duly s&orn in accordance &ith la& depose and say) (hat I as the duly elected (reasurer of the NIA-MA II! "ooperati#e, and act as such until my successor shall ha#e been elected and +ualified in accordance &ith the <y-@a&s of the cooperati#e, (hat as such (reasurer, I am authorized to recei#e for the "ooperati#e all membership fees and subscriptions paid in by the members, (hat the authorized share capital is T6" M!..!"n F"() H(nd)ed T3"('and Pe'"' HP3*+,:@@,@@@#@@$, !i/ ;undred (housand pesos(Php 2>>,>>>'>>$ has been subscribed and the amount paid on such subscription is One 3(nd)ed F!2 5 T3"('and Pe'"' (Php %1>,>>>'>>$ has been actually paid to me in trust and recei#ed by me for the benefit and to the cooperati#e and that at least *1? of the authorized share capital has been subscribed and at least *1? of the subscription has been actually paid to me and that the total membership fees paid is 9ne ;undred Eifty (housand Pesos (Php %1>,>>>'>>$'

MS# 9RETHEN 9ALIEA (reasurer !C<!" I<78 AN8 !W9 N (9 before me this III day of IIIIIII at "auayan "ity, affiant e/hibiting to me her esidence "ertificate no' IIIIIIIIIII issued on IIIIIIIIIIIIIIIIII at "auayan "ity, Isabela' IIIIIIIIIIIIIIIIIIIIIIIIIIII N9(A : PC<@I" Cntil 8ecember *>IIIII

8oc' No' IIIIIIIIIIIIIIIIIIII Page No' IIIIIIIIIIIIIIIIIIII <oo4 No' IIIIIIIIIIIIIIIIIIII !eries of *>IIIIIIII