In compliance with Memo Order No. 08 dated 21 March 1988, following are the VRB ™s guidelines for the licensing of retailers of videograms and the renewal thereof:

An applicant:

1. must be a Filipino citizen, or at least 60% Filipino owned in the case of a corporation or partnership;
2. must not have been previously convicted for violation of P.D. 1987 or its implementing Rules;
3. must accomplish an application form and comply with the requirements therein stated;
4. must pay registration fee of P500.00.  Such fee is non-refundable in case the application is denied;
5. must present a contract with any licensed videogram producer or distributor, or a duly authenticated document showing that the applicant is duly authorized to distribute films over which said producer or distributor has acquired the vidoegram rights; and
6. must pay a yearly license fee of P1,500.00

Please be guided accordingly.

Adopted:  22 March 1988

(SGD.) EDUARDO O. CARRASCOSO

Chairman of the Board and Chief Executive Officer