Touching Lives, Building Communities

Consolidated Share Capital

Consolidated Share Capital

Effective Date: January 2025

CONSOLIDATED SHARE CAPITAL CERTIFICATE TERMS AND CONDITIONS

Laguna Prime Multipurpose Cooperative

By holding a Consolidated Share Capital Certificate (“Certificate”) issued by Laguna Prime Multipurpose Cooperative (“LPMPC”), the member agrees to the following terms and conditions:

KNOW ALL MEN BY THESE PRESENTS:

I, ________________________________________________, of legal age, single/married/widow, Filipino, resident of and with postal address at ________________________________________, bona-fide member of the Laguna Prime Multipurpose Cooperative (LPMPC) with Passbook # ____________________, hereby appoint the Laguna Prime Multipurpose Cooperative (LPMPC) with office address at Sacay Grand Villas, College, Laguna or its authorized representative to be our true and lawful ATTORNEY-IN-FACT to do and perform the following acts and things, to wit:

1. Certification of Ownership
The Certificate serves as proof that the member holds consolidated share capital in the Cooperative, reflecting the total contributions made by the member as of the date specified in the Certificate.

2. Rights and Obligations
The share capital represented by the Certificate is subject to the rights, privileges, and obligations outlined in the Cooperative’s Articles of Cooperation, bylaws, and relevant laws. Ownership of share capital grants the member the right to participate in the governance and activities of the Cooperative as prescribed by its governing documents.

3. Non-Transferability
The Certificate is non-transferable except as explicitly permitted under the Cooperative Development Authority (CDA) regulations and the Cooperative’s policies. Any unauthorized transfer or use of the Certificate is prohibited and will render the Certificate void.

4. Adjustments and Updates
The Cooperative reserves the right to update or amend the share capital balance reflected in the Certificate based on future contributions, withdrawals, or reallocations made by the member in accordance with Cooperative policies. Any such adjustments will be communicated to the member and recorded in the Cooperative’s official ledger.

HEREBY GIVING AND GRANTING unto my said attorney full power and authority whatsoever requisite or necessary to be done in about the premises and hereby ratifying and confirming all that

By proceeding with membership, you acknowledge that you have read, understood, and agreed to the terms and conditions of this Agreement. You further confirm that you will comply with the requirement to provide a valid TIN as a condition of your membership in the Cooperative.