BOHOL, LEYTE MULTI-PURPOSE COOPERATIVE (BOHLET-MPC) #2550 Marigold St., Lakeview Homes, Putatan, Muntinlupa City CDA REG.

# H-624-6675 TIN # 271-351-345-000 Tel. # 861-44-24

MINUTES OF THE GENERAL ASSEMBLY MEETING MARCH 25, 2012 AT 9:00 AM LAKEVIEW ELEMENTARY SCHOOL
Assembly Proper: A. The first part of the General Assembly is the Invocation lead by Mr. Danilo D. Doria, one of the Board Members. B. Then opening remarks by Bohlet MPC Chairman Ricardo Orain. He expressed his heartfelt thanks to the 10 Boards, officers, members and visitors who are present at the Assembly. He viewed such sacrifice is a stepping stone to success. C. Then a roll call of all regular members by the Cooperative Secretary Mrs. Edna U. Lamaclamac. She called alphabetically the family names of members and marked them for their presence. D. After the roll call, the Secretary Mrs. Edna Lamaclamac declared that all members are properly informed regarding the General Assembly by house to house basis and let the members sign its signature meaning he/she was informed that there will be a General Assembly. E. The Board of Chairman Ricardo Orain called to order. He then declared the presence of quorum with 40 members present. F. The Secretary Mrs. Edna U. Lamaclamac read the minutes of the regular General Assembly Meeting last April 3, 2011. Motion of approval by the Chairman Ricardo B. Orain, seconded by the Vice Chairman of the Board Members of the Cooperative, Mr. Religio Pastoril. G. The Board Chairman Ricardo Orain reported of the unfinished business like finding a place right for the Cooperative Store. He planned also to expand the consumer needs by means of adding sources of business like selling oils, sugar, coffees and water. H. It is also recorded by the Vice Chairman Religio Pastoril and gave his suggestions towards the members capital share and ways how to comply the responsibilities of both members and their dedication towards its goals. I. It is quorumly approved also by the remaining 5 board members namely; Julie Hilario, Jefferson Custodio, Presentacion Enrade, Leonardo Torres Jr. and Danilo Doria. J. It is the Bookkeeper, Mrs. Lourdes Bacho, who reported the financial report for the year 2011 and explained as per data written on a board in front of the general assembly. Showing as follows as for attached financial reports. It was noted that the cooperative in year 2011 have its net profit of P which will be given for all members for their interest in share capital and patronage refund. K. It is also opened to all members that the extension of capital build-up which is supposed to end by next month May 2012 will be extended up to December 31, 2012; for the welfare of the members who cannot pay fully.

L. It is also approved by the General Assembly that those members who cannot fully pay their capital build-up share will shoulder its specific penalties. M. It is also approved to have a continuous build-up capital. N. It is also declared that the Board Chairman, Ricardo Orain, has a plan to write to Vice President Jejomar Binay, Congressman Biazon and local city Mayor, Aldrin San Pedro to have ways that the members of the cooperative can have an own house to the future. O. After the discussions and sharing ideas of all members, the Board of Directors and the General Assembly declared the general assembly meeting adjourned at exactly 11:51 AM.

ATTESTED BY: Ricardo B. Orain Board Chairman

PREPARED BY: Edna U. Lamaclamac Secretary