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Membership Subscription Agreement

In connection with my membership to STVPMPC, I hereby subscribe Common/Preferred shares valued at One Hundred Pesos (Php 100.00) per share or equivalent to Pesos on the following terms and conditions:

  • 1. I agree to pay the initial amount of at least One Thousand Pesos (Php1,000.00) upon subscribing and the balance payable in monthly installment of pesos until the whole subscription is fully paid. I agree that the unpaid balance of my subscribed capital is my liability to STVPMPC.
  • 2. I agree that I could make claims to my total share capital contribution upon termination of membership without pending obligation and subject to STVPMPC’s applicable policies, systems and procedures.
  • 3. I agree that in case of default in payment of loans, STVPMPC will have the right to terminate / offset my share capital after 3 months of loan maturity as payment to existing loan balance.
IN WITNESS WHEREOF, I have hereunto set my hand on this day of , 20 at , Philippines