Fillable Subscription Agreement Form-Mass-Specc Center printable pdf download

Subscription Agreement Form-Mass-Specc Center

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SUBSCRIPTION AGREEMENT

This subscription agreement is entered into by and between:

The MASS-SPECC Cooperative Development Center (MASS-SPECC), cooperative

federation duly registered with the Cooperative Development Authority (CDA) with

principal office at MASS-SPECC Building, Tiano-Yacapin Sts., Cagayan de Oro City,

herein represented by its Chairperson, Mr. Mansueto V. Dela Peña, hereinafter referred

to as the FIRST PARTY,

and

The ________________________________________________________, a cooperative

duly registered with the Cooperative Development Authority (CDA), with its principal

office at ________________________________________, herein represented by its

Chairperson, ________________________________, hereinafter referred to as the

SECOND PARTY,

WHEREAS, the FIRST PARTY is a stock cooperative federation and is authorized by

the Cooperative Development Authority to issue stock certificates to its

owner-cooperatives or other types of owners, as authorized by the

Cooperative Code of the Philippines;

WHEREAS, the stock certificates is the evidence of their share and participation in the

ownership of the said secondary cooperative;

WHEREAS, the FIRST PARTY’s authorized share capital is 1,000,000 shares at 1,000

par value; consist of 750,000 shares common, 250,000 shares preferred and

its paid-up capital is P152 M;

WHEREAS, the SECOND PARTY is not prohibited by said CDA to become a member

and acquire shares of stock of a cooperative federation;

WHEREAS, the SECOND PARTY is a member of the FIRST PARTY and therefore has

existing shares of stock with the FIRST PARTY

Subscription Agreement Form-Mass-Specc Center

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