Subscription Agreement Form-Mass-Specc Center Page 2
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3WHEREAS, both parties agree that the building up of the share capital is very much
within the spirit of self-reliance; and that with the aim of building the
federation as the Mindanao Central Finance Facility, there is a need to
continuously build up the capital of the federation;
WHEREAS, there is a necessity to continually build up the funds to support the growth
of the Central Fund arising from the growing demand from the members;
WHEREFORE, the FIRST PARTY hereby accepts the application for subscription and
hereby sells its own shares of stocks to the SECOND PARTY under the
following terms and conditions:
A. RESPONSIBILITIES OF THE FIRST PARTY
1. Accept the application for subscription and hereby sells its own stocks.
2. Provide the documentation of the receipt and updating of the shares of stocks.
3. Ensure collection of the shares of stock and provide adequate reports on the
collections made.
4. Issue numbered certificates of shares of MASS-SPECC for the stocks paid for.
B. RESPONSIBILITIES OF THE SECOND PARTY
1. To continually build up its capital thru the subscription and purchase of the stocks.
2. To adhere to the schedule of the payment of the subscribed shares.
3. To inform the FIRST PARTY of any changes in the schedules of paying the balance
of the shares.
C. DETAILS OF THE SUBSCRIPTION PLAN
Kinds of Share Subscribed
Number of shares subscribed
Total value of shares subscribed
Number
of
shares
paid
up
as
of
______________________
Value
of
shares
paid
up
as
of
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