ARTICLES OF COOPERATION

of
wEDUCare Advocacy Cooperative

KNOW ALL MEN BY THESE PRESENTS:

We, the undersigned Filipino citizens, of legal age and residents of the
Philippines, with a firm collective intent, have come together to organize
voluntarily an Advocacy Cooperative to advance what we believe is our
inherent right, under the laws of the Republic of the Philippines.

AND WE HEREBY CERTIFY:

Article I
Name of the Cooperative

That the name of this Cooperative shall be wEDUCare Advocacy Cooperative.

Article II
Purposes

That the purposes for which this Cooperative is organized are to engage
in:

1. Serving students as a vehicle towards attaining education by providing

financial support;

2. Promoting a symbiotic relationship between the members and the

cooperative in helping the youth to gain education; and

3. Immersing its cooperative beneficiaries on their job employment that will

serve as an engine to alleviate poverty and to uplift economic stability.

Article III
Goals

Within the existence of this cooperative it aims to eradicate the numbers

of students who fail to continue in the field of academe by providing
scholarship programs and financial assistance that may serve as an aid to their
financial needs in order to achieve a sustainability for their college life. In
furtherance, it shall aim:

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 1. To establish a retailing school supply business to support the funds
needed to help sustain the cooperatives’ advocacy;

2. To offer tutorial sessions for Primary and Secondary students who has
difficulties in their English, Mathematics and Science subjects; and

3. To provide financial aid to the chosen scholars and financial assistance

grantees who passed all the requirements provided by the cooperative.

Article IV
Powers and Capacities

That the powers, rights and capacities of this Cooperative are those prescribed
under Article 9 of Republic Act 9520.

1. To the exclusive use of its registered name;

2. To sue and be sued;

3. Of succession;

4. To amend its Articles of Cooperation in accordance with the provisions

of RA 9520;

5. To adopt by-laws not contrary to law, morals or public policy, and to

amend and repeal the same in accordance with RA 9520;

6. To purchase, receive, take or grant, hold, convey, sell, lease, pledge,

mortgage, and otherwise deal with such real and personal property as
the transaction of the lawful affairs of the Cooperative may reasonably
and necessarily require, subject to the limitations prescribed by law
and the Constitution;

7. To enter into division, merger, or consolidation, as provided under RA

9520;

8. To form subsidiary Cooperatives and join federations or unions, as

provided in this Code;

9. To avail of loans, be entitled to credit and to accept and receive grants,

donations and assistance from foreign and domestic sources subject to
the conditions of said loans, credits, grants, donations or assistance
that will not undermine the autonomy of the cooperative. The
Authority, upon written request, shall provide necessary assistance in
the documentary requirements for the loans, credit, grants, donations
and other financial support;

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 10. To exercise such other powers granted under RA 9520 or
necessary to carry out its purposes as stated in this Articles of
Cooperation.

Article V
Term of Existence

That the term for which this Cooperative shall exist is Fifty (50) years from the
date of its registration with the Cooperative Development Authority.

Article VI
Common Bond and Field of Membership

That the common bond of membership of this Cooperative is its advocacy in

valuing education and the field of membership shall be open to anyone who are
natural persons, Filipino citizens, of legal age, with the capacity to contract and
possess all the qualifications and none of the disqualifications provided for in
the By-laws and this Articles of Cooperation.

Article VII
Area of Operation

That the membership of this Cooperative shall came from the vicinity of the
Municipality of Cagayan de Oro, Philippines. Its principal office shall be located
at, Rizal Street, Barangay 2, Cagayan de Oro City.

Article VIII
Name and Address of Cooperators

That the name and complete postal address of the cooperators are as
follows:

Name Postal Address

1. ANCOT, FLORAMIE Km-6 Sta Cruz, Lumbia, Cagayan de Oro City,
GAMBUTA Misamis Oriental, 9000
2. BACO, CHRISTINE NICOLE Blk. 5, Sitio Lumboy, Indahag, Cagayan de Oro
ROSARIO City, Misamis Oriental, 9000
3. BANGALAO, ARVIN PALER 0157 Piaping Itum, Macabalan, Cagayan de Oro
City, Misamis Oriental, 9000
4. GARCIA, LHANCE Zone 1, Bugcaon, Lantapan, bukidnon, 8722
MARAVELES
5. IBONALO, MARY CRIS Marigold St., Taguanao, Cagayan de Oro City,
BANTOLINAO Misamis Oriental, 9000
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6. MAGSALAY, CHENNY
CHRISTINE BATUTAY
7. OSORIO, LIAM AIKEN REDILA
8. PAGUICAN, THERESE JEAN
MACABALE
9. SABUGA, APRIL JANE LERO
Blk. 15 Lot 32/34, La Buena Vida Subd., Gran
Europa, Lumbia, Cagayan de Oro City, Misamis
Oriental, 9000
21 Jasmin Ext.,Carmen, Cagayan de Oro City,
Misamis Oriental, 9000
Zone 2B Riverside, Cugman, Cagayan de Oro City,
Misamis Oriental, 9000
Blk. 19 Lot 3, Xavier Heights Subd., Upper
Balulang, Cagayan de Oro City, Misamis Oriental,
9000

Article IX
Board of Directors

That the number of Directors of this Cooperative shall be nine (9) and shall
serve until their successors shall have been elected and qualified within seven
(7) days from the date of registration as provided in the By-laws.

Name
1. ANCOT, FLORAMIE GAMBUTA
2. BACO, CHRISTINE NICOLE ROSARIO
3. BANGALAO, ARVIN PALER
4. GARCIA, LHANCE MARAVELES
5. IBONALO, MARY CRIS BANTOLINAO
6. MAGSALAY, CHENNY CHRISTINE BATUTAY
7. OSORIO, LIAM AIKEN REDILA
8. PAGUICAN, THERESE JEAN MACABALE
9. SABUGA, APRIL JANE LERO

Article X
Capitalization

That the Authorized Share Capital of this Cooperative is

One Million PESOS (Php 1,000,000), divided into:

a. Ninety Thousand (95,000) common shares with a par value of Ten Pesos
(Php 10) per share; and

b. Ten thousand (10,000) preferred shares with a par value of Five Pesos
(Php 5) per share.

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 Article XI
Subscribed and Paid-up Share Capital

That of the authorized share capital, the amount of

Two Hundred Ninety-five Thousand Pesos (Php295,000) has been subscribed,
and One Hundred Fifteen Thousand Pesos (Php115,000) of the total
subscription has been paid by the following members-subscribers:

A. Common Share

No. of Amount of No. of Amount of

Names Subscribed Subscribed Paidup Paidup
Shares Shares Shares Shares
Ancot, Floramie PHP10,00
3,000 PHP30,000 1000
0
Baco, Christine Nicole PHP10,00
3,000 PHP30,000 1000
0
Bangalao, Arvin PHP10,00
3,000 PHP30,000 1000
0
Garcia, Lhance PHP10,00
3,000 PHP30,000 1000
0
Ibonalo, Mary Cris PHP10,00
3,000 PHP30,000 1000
0
Magsalay, Chenny PHP10,00
3,000 PHP30,000 1000
Christine 0
Osorio, Liam Aiken PHP10,00
3,000 PHP30,000 1000
0
Paguican, Therese Jean PHP10,00
3,000 PHP30,000 1000
0
Sabuga, April Jane PHP10,00
3,000 PHP30,000 1000
0
PHP90,00
Sub Total 27, 000 PHP270,000 9,000
0

B. Preferred Share

No. of Amount of No. of Amount of

Names Subscribed Subscribed Paidup Paid-up
Shares Shares Shares Shares
Ancot, Floramie 1,000 PHP5,000 1,000 PHP5,000
Bangalao, Arvin 1,000 PHP5,000 1,000 PHP5,000
Magsalay, Chenny
1,000 PHP5,000 1,000 PHP5,000
Christine
Osorio, Liam Aiken 1,000 PHP5,000 1,000 PHP5,000
Paguican, Therese
1,000 PHP5,000 1,000 PHP5,000
Jean
Sub Total 5,000 PHP25,000 5,000 PHP25,000
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 Grand Total 32,000 PHP295,000 14,000 PHP 115,000

Article XII
Arbitral Clause

Any dispute, controversy or claim arising out of or relating to this Articles

of Cooperation, By-laws, the Cooperative laws and related rules, administrative
guidelines of the Cooperative Development Authority, including inter-
cooperative, inter-federation disputes and related concerns shall be exclusively
referred to and finally resolved by voluntary arbitration under the institutional
rules promulgated by the Cooperative Development Authority, after compliance
with the conciliation or mediation mechanisms embodied in the Bylaws and in
such other pertinent laws and issuances.

BE IT KNOWN THAT:

Floramie G. Ancot has been elected as Treasurer of this Cooperative to act as

such until her/his successor shall have been duly appointed and qualified in
accordance with the By-laws. As such Treasurer, he/she is authorized to
receive payments and issue receipts for membership fees, share capital
subscriptions and other revenues, and to pay obligations for and in the name
of this Cooperative.

IN WITNESS WHEREOF, we have hereunto affixed our signatures opposite our

names this ___ day of September in Carmen, Cagayan de Oro City, Philippines.

Name of Cooperators Signature

1. ANCOT, FLORAMIE GAMBUTA
2. BACO, CHRISTINE NICOLE ROSARIO
3. BANGALAO, ARVIN PALER
4. GARCIA, LHANCE MARAVELES
5. IBONALO, MARY CRIS BANTOLINAO
6. MAGSALAY, CHENNY CHRSITINE BATUTAY
7. OSORIO, LIAM AIKEN REDILA
8. PAGUICAN, THERESE JEAN MACABALE
9. SABUGA, APRIL JANE LERO

SIGNED IN THE PRESENCE OF:

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 __________________________ ___________________________
Signature Over Printed Name Signature Over Printed Name

ACKNOWLEDGMENT

Republic of the Philippines, Province of Misamis Oriental

City of Cagayan de Oro
.
Before me, a Notary Public for and in the Province/City/Municipality of
Misamis Oriental, Cagayan de Oro City on this _____ day of September, 2019
the following persons personally appeared with their competent evidence of
identification as indicated opposite their respective names
Name of Cooperators Proof of Date issued Place of Issuance
Identity (IN
ACCORDANC
E WITH
NOTARIAL
LAW)
1. ANCOT, FLORAMIE
GAMBUTA
2. BACO, CHRISTINE
NICOLE ROSARIO
3. BANGALAO, ARVIN
PALER
4. GARCIA, LHANCE
MARAVELES
5. IBONALO, MARY CRIS
BANTOLINAO
6. MAGSALAY, CHENNY
CHRISTINE BATUTAY
7. OSORIO, LIAM AIKEN
REDILA
8. PAGUICAN, THERESE
JEAN MACABALE
9. SABUGA, APRIL JANE
LERO

All known to me to be the same persons who executed the foregoing

Articles of Cooperation, and acknowledged to me that the same is their free will
and voluntary deed.

This instrument known as Articles of Cooperation consists of ______

pages including this page where the acknowledgment is written signed by the
parties and their instrumental witnesses on each and every page thereof.

WITNESS my hand and seal this __ day of September,

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2019 at Cagayan de Oro City, Misamis Oriental, Philippines.

Notary Public
Doc. No. : ____________
Page No.: _____________
Book No.: _____________
Series of : _____________

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