Pursuant to BOA Res. No. 272, S-2004 dated July 29, 2004, please be informed of the following amendments to the express lane, to wit:

1. No. 3 of BOA Resolution No. 41, S-2004 shall include:

1. Bonds of Accountable Officers

2. Section 2 Memorandum Circular No. 2004-03, paragraph ( b. ) shall include:

1. Bonds of Accountable Officers

2. Par Value per share must be fixed at P 100 in the Articles of Cooperation.

4. PROCESSOR/EXAMINER GUIDE:

PINK- provincial file and YELLOW- Central Office-Registration Division File

5. ON VERIFICATION RESERVATION REQUEST FORM

a. Verification/Reservation Request

Delete No. 9

b. Procedure for verification and reservation

b.1 Delete number 9 under item 1
b.2 Item number 5 which states "deposition" should be read as "disposition"

Name Verification shall be regionwide only in the meantime that the Authority does not have the online nationwide name verification and stamps to be affixed to the certificate of registration.

6. The Cooperative Express Lane Registration Applicants Guide shall exclude:

The note to sale of Share Capital Book and Books of Accounts 

7. REGISTRATION SLIP "reference reservation number" represent the "serial number" assigned and reflected in the EO Registration Logbook.

8. In Form NO, 5, 1.a, " therein on corresponding period should be "Certificate of Registration" instead of "Certificate of Operation".

9. REGISTRATION FEE- refer to Amended Schedule of Fees

10. FORMS

1. Cost of the Express Lane Registration Form per set is P 400.00 in cash.
2. The CDA cashier shall issue official receipt.

11. REGISTRATION CODE

Add the word XL after the registration number, e.g., MEO-00001-XL.

For your information, guidance and strict compliance.

Adopted: 10 Aug. 2004


(SGD.) RUBEN M. CONTI