Board Resolution / 2025-009

KNOW ALL MEN BY THESE PRESENTS:

RESOLVED AS IT IS HEREBY RESOLVED, that MARITIME MULTIPURPOSE COOPERATIVE (MMPC) with business address at 5th Floor, 665 CRI Building, President Quirino Avenue, Malate, Manila, with its Board of Directors held a Strategic meeting on Tagaytay Application on December 19-20, 2025 at this meeting, a quorum was present and acted throughout, the following resolution were adopted and

approved:

A RESOLUTION APPROVING AND ENDORSING THE AMENDMENTS TO THE BY-LAWS FOR

SUBMISSION TO THE GENERAL ASSEMBLY

WHEREAS, the Board of Directors is authorized under the Cooperative Code of the Philippines (Republic Act No. 9520), its Implementing Rules and Regulations, and the Cooperative’s existing By-Laws to propose amendments thereto for the purpose of improving governance, administration, and membership policies;

WHEREAS, the Board has reviewed the proposed amendments to the Cooperative’s By-Laws covering the change of principal office address, associate membership qualifications and minimum investment, administration of the General Assembly, creation and composition of committees, and adoption of membership policies and procedures, as contained in the Addendum for General Assembly consideration

WHEREAS, the proposed amendments are deemed necessary to align the Cooperative’s By-Laws with current operational requirements and applicable regulations of the Cooperative Development Authority (CDA);

NOW, THEREFORE, BE IT RESOLVED, AS IT IS HEREBY RESOLVED, that:

1. CHANGE OF ADDRESS

RESOLVED, that the amendment to the By-Laws providing for the change of the Cooperative’s principal office address to:

12th Floor G.E. Antonino Bldg., T.M Kalaw St. Cor. J. Bocobo, Ermita, Manila

is hereby approved and endorsed for submission to the General Assembly.

2. AMENDMENT ON MEMBERSHIP – ASSOCIATE MEMBERS

A. Qualifications for Membership – Basic Eligibility

RESOLVED, that Section 2 of the By-Laws is hereby amended to include the following basic eligibility requirements for Associate Membership:

• A permanent employee of businesses and / or institutions related to Maritime employment.;

• Seafarers contracted by institutions within the maritime industry one (1) contract, are of good standing, and are eligible for re-employment by principals of manning agencies.

B. Membership Types and Minimum Investment

RESOLVED, that the By-Laws are hereby amended to require the following for Associate Membership:

• Payment of a one-time membership fee of Two Hundred Pesos (₱200.00);

• An applicant for associate membership shall subscribe at least 100 Preferred Share and pay the value of at least 1 share upon approval and must file a Loan with the cooperative.

• Endorsement for membership and Certificate of Employment and Good Financial Standing for employees of related businesses and other institutions;

• Confirmation of eligibility of membership for seafarer related businesses and other businesses or institutions.

3. ADMINISTRATION

RESOLVED, that Section 4 – Regular General Assembly of the By-Laws is hereby amended to read as follows:

The General Assembly shall hold its annual regular meetings at the principal office of the Cooperative or at any place within its area of operation within Ninety (90) days after the close of each fiscal year. The fiscal year of this Cooperative shall commence on the first day of January and end on the last day of December and every year thereafter. The Cooperative may conduct the General Assembly physically, online, or in a hybrid format, subject to existing rules and regulations of the Cooperative Development Authority (CDA).

4. COMMITTEES

a. Audit Committee

RESOLVED, that the By-Laws are hereby amended to provide for the creation of an Audit Committee composed of three (3) members, to be elected during a General Assembly meeting, who shall serve for a term of two (2) years or until their successors are elected and qualified.

b. Gender and Development Committee

RESOLVED, that Section 7 – Gender and Development Committee is hereby amended to provide for a committee composed of three (3) members, at least one (1) of whom shall be an employee of the Cooperative, to be appointed by the Board of Directors.

5. POLICIES AND PROCEDURES

RESOLVED, that the amendment adopting a Membership Policy, governing application, approval, rights, obligations, and termination of membership, is hereby approved and incorporated into the By-Laws and internal policies of the Cooperative.

RESOLVED FURTHER, that the foregoing amendments to the By-Laws are hereby endorsed to the General Assembly for approval and ratification, and that the Cooperative Secretary is authorized to submit the approved amendments to the Cooperative Development Authority (CDA) and other concerned agencies.

RESOLVED, that the Board of Directors of the MARITIME MULTIPURPOSE COOPERATIVE has reviewed and approved the following members as of September 30, 2025.

Signed

Alberto Gomez

Maria Rodelita Homecillo

Eugenio Gonzales

Jeff Rex Calambuhay

Belly Joe Ligason